May 31, 2019 / 11:38 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-May 31

 (Repeating to add additional ratings as of May 30, 2019)
    May 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of May 30, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aditya Vidyut Appliances Ltd            Non-FBL               ICRA A4      1230
(Issuer Not Cooperating)
Agarwalla Timbers Pvt Ltd               Non-Fund based- LG    ICRA A4      62.5
                                        Limit
Reason for delay in carrying out periodic review: - Review process is underway
Agarwalla Timbers Pvt Ltd               Non-fund based- LC &  ICRA A4      710
                                        Buyer’s Credit Limit
Reason for delay in carrying out periodic review: - Review process is underway
B.D. Steels Pvt Ltd                     Non-FBL               ICRA A4      30
(Issuer Not Cooperating)
Baldev Textile Mills Pvt Ltd            ST – Non fund         ICRA A4+     32.5
                                        based-LOC
Reason for delay in carrying out periodic review: - Review process is underway
Baldev Textile Mills Pvt Ltd            ST – Non fund based-  ICRA A4+     1
                                        BG
Reason for delay in carrying out periodic review: - Review process is underway
Bussan Auto Finance India Pvt           CP programme          ICRA A1+     300
Ltd
Reason for delay in carrying out periodic review: Review process is underway
Capital Steel Corporation               Non FB – LOC          ICRA A4      550
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Capital Steel Corporation               Non FB – Credit       ICRA A4      11
                                        Exposure Limit
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Chanvim Engineering (India)             LOC                   ICRA A4+     120     Downgraded
Pvt Ltd                                                                            from ICRA A3
(Issuer Not Cooperating)
Farmers Agriculture Credit              ST Bk Fac             ICRA A4      75
Co-Operative Society Ltd
Reason for delay in carrying out periodic review: - Review process is underway
Fivebros Forgings Pvt. Ltd              Fund based- PCFC**    ICRA A4 +    -
(Issuer Not Cooperating)**sublimit of cash credit
Fivebros Forgings Pvt. Ltd              Fund based-EBD**      ICRA A4 +    -
(Issuer Not Cooperating)**sublimit of cash credit
Fivebros Forgings Pvt. Ltd              Fund based-Forward    ICRA A4 +    0.6
                                        Contract
(Issuer Not Cooperating)
Fivebros Forgings Pvt. Ltd              Non fund based- BG    ICRA A4 +    5
(Issuer Not Cooperating)
Fivebros Forgings Pvt. Ltd              Non fund based- LOC   ICRA A4 +    30
(Issuer Not Cooperating)
G3 Motors Ltd (Erstwhile G3             Non fund based- LOC   ICRA A4+     200
Motors Pvt. Ltd.)
Rating continues to be in the ‘(Issuer Not Cooperating)’ category
Hemani Industries Ltd                   ST – Fund based       ICRA A2      750
                                        working capital Fac
(Issuer Not Cooperating)
Hemani Industries Ltd                   ST - Fund             ICRA A2      80
                                        based/non-fund
                                        based Bk Fac
(Issuer Not Cooperating)
Ic India Pvt. Ltd                       ST – BG Name of the   ICRA A4      30
                                        rated entity
(Issuer Not Cooperating)
Jain Vinimay Pvt Ltd                    Non fund based – LOC  ICRA A4      20
(Issuer Not Cooperating)
K. M. Fisheries                         ST – Non Fund based   ICRA A4      1.5
(Issuer Not Cooperating)
M V Shiptrade Pvt Ltd                   Non FB LOC            ICRA A4      300     Reaffirmed
M.K. Wood India Pvt Ltd                 Non-fund Based - LC   ICRA A4      700
                                        & Buyer’s Credit Limit
(Issuer Not Cooperating)
Maharashtra Oil Extractions             One-off ST Facility   ICRA A2      200
Pvt Ltd
(Issuer Not Cooperating)
Maharashtra Oil Extractions             Pledge Loan Fund BasedICRA A2      1250
Pvt Ltd
(Issuer Not Cooperating)
Mohan Mutha Exports Pvt Ltd             Non-fund basedFacilityICRA A3      1000    Reaffirmed
Pankaj Steel Corporation                Non-fund based-       ICRA A4      80
                                        Import LOC
(Issuer Not Cooperating)
Pankaj Steel Corporation                Non-fund based-       ICRA A4      -
                                        Letter of Comfort/
                                        Buyers Credit
(Issuer Not Cooperating)
Pankaj Steel Corporation                Non-fund based-       ICRA A4      -
                                        Inland LOC
(Issuer Not Cooperating)
Prakash Oils Ltd                        Non-fund Based        ICRA A4      670
(Issuer Not Cooperating)
Prateek Wires (P) Ltd                   Non-FBL – BG          ICRA A4+     30      Upgraded
                                                                                   from ICRA A4
Radiant Solar Pvt Ltd                   Non-FBL               ICRA D       22.5    Revised from
                                                                                   ICRA A4
(Issuer Not Cooperating)
Raj Engineering Co.                     ST – Non fund based   ICRA A4      180
(Issuer Not Cooperating)
Sachdev Food Products                   Non FB Limits         ICRA A4      60      Withdrawn
Sachdev Food Products Pvt Ltd           Non FB Limits         ICRA A4      60      Withdrawn
Safar Polyfibre Pvt. Ltd.               BG                    ICRA A4      47
(Issuer Not Cooperating)
Safar Polyfibre Pvt. Ltd.               CEL for Forward       ICRA A4      0.9
                                        Contract
(Issuer Not Cooperating)
Sai Industries Pvt Ltd                  Fund based – Packing  ICRA A3      40
                                        Credit
(Issuer Not Cooperating)
Shm Shipcare                            Non fund based- LOC   ICRA A4+     562.2
(Issuer Not Cooperating)
Sigma Moulds And Stampings Pvt          ST – Non- Fund Based  ICRA A2      14
Ltd
Reason for delay in carrying out periodic review: - Review process underway
Singer India Ltd                        ST – Non-fund Based   ICRA A3+     190     Reaffirmed
Singh Hindustan Marine Pvt Ltd          Non fund based- LOC   ICRA A4      17.5
(Issuer Not Cooperating)
Singh Hindustan Marine Pvt Ltd          Fund based / non fund ICRA A4      32.5
                                        based - Unallocated
(Issuer Not Cooperating)
Spdd Infra Pvt Ltd                      ST Nonfund based      ICRA A4      57.5
(Issuer Not Cooperating)
Sri Venkateswara Spintex (P)            Non-Fund based        ICRA A4      7.5
Ltd
(Issuer Not Cooperating)
Svr Laboratories Pvt Ltd                ST-Non Fund based     ICRA A4+     19
(Issuer Not Cooperating)
Tvs Credit Services Ltd                 CP -                  ICRA A1+     15000
Reason for delay in carrying out periodic review: - Review process is underway
Adam & Coal Resources Pvt Ltd           ST – Non-Fund Based   ICRA A4+     850     Revised from
                                                                                   ICRA A3+
(Ratings continue to remain in Issuer Not Cooperating category)
Akshat Plastics Pvt. Ltd                ST: NonFBL            ICRA A4      233     -
(Ratings continue to remain in Issuer Not Cooperating category)
Art & Crafts Inc.                       ST: NonFBL            ICRA A4      145     -
(Ratings continue to remain in Issuer Not Cooperating category)
Eros Minerock Products Llp              ST Non-fund based     ICRA A4      32      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Jalaram Agriexports Pvt. Ltd.           ST - Non Fund Based   ICRA A4      20      -
(Ratings continue to remain in Issuer Not Cooperating category)
Marinelines Ship Breakers Pvt           Non-Fund based – LOC  ICRA A4      300     -
Ltd
(Ratings continue to remain in Issuer Not Cooperating category)
Mulberry Silks Ltd                      ST: Fund based        ICRA A2      100     Reaffirmed
Mulberry Silks Ltd                      ST: Non-Fund based    ICRA A2      151     Reaffirmed
National Industrial                     Non-fund Based        ICRA A4+     8.7     -
Corporation Ltd
(Rating moved to the ‘Issuer Not Cooperating’ category)
Nice Sesame Agro Industries             Non-fund based - BG   ICRA A4      2       -
(Ratings continue to remain in Issuer Not Cooperating category)
Rosabella Ceramic Llp                   Non-FB limits         ICRA A4      10      -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Sanchita Marine Products Pvt.           FB - Packing Credit   ICRA A4+     350     Reaffirmed
Ltd
(Removed from Issuer Not Cooperating category)
Sanchita Marine Products Pvt.           FB - Post Shipment    ICRA A4+     200     Reaffirmed
Ltd                                     Credit
(Removed from Issuer Not Cooperating category)
Shivam Jewels                           ST - NonFund Based    ICRA A3      5       -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Swastik Enterprise                      BG                    ICRA D       50      Dowgraded
                                                                                   from ICRA A4
(Ratings continue to remain in Issuer Not Cooperating category)
Vibhor Steel Tubes (P) Ltd              Non-fund based – LOC  ICRA A3      210**   -
(Issuer did not cooperate; based on best available information)/**fully interchangeable
Vikram Solar Ltd                        Non-fund              ICRA A2+     16570   Reaffirmed
                                        based-Working Capital
                                        Fac

 

LONG TERM RATINGS:
-------------------
United Spirits Ltd                      Corporate Governance  CGR2         -       Assigned
                                        Practices
Aditya Vidyut Appliances Ltd            TL                    ICRA BB      530
(Issuer Not Cooperating)
Aditya Vidyut Appliances Ltd            FBL – CC              ICRA BB      440
(Issuer Not Cooperating)
Agarwalla Timbers Pvt Ltd               Fund based- Cash      ICRA BB      60
                                        Credit
Reason for delay in carrying out periodic review: 
- Review process is underway
Annur Satya Textile Ltd                 Fund based -TL        ICRA B-      28      Reaffirmed
Annur Satya Textile Ltd                 Fund based -CC        ICRA B-      120     Reaffirmed
Annur Satya Textile Ltd                 NFBL                  ICRA B-      10      Reaffirmed
Annur Satya Textile Ltd                 Non fund based - sub  ICRA B- /A4  -       Reaffirmed
                                        limit
Annur Satya Textile Ltd                 Unallocated limits    ICRA B- /A4  14.8    Reaffirmed
Ansaldocaldaie Gb Engineering           LT – Loan facility    ICRA D       158
Pvt Ltd
(Issuer Not Cooperating)
Ansaldocaldaie Gb Engineering           LT FB Fac             ICRA D       20
Pvt Ltd
(Issuer Not Cooperating)
Ansaldocaldaie Gb Engineering           LT Unallocated        ICRA D       22
Pvt Ltd
(Issuer Not Cooperating)
Atc Logistics Pvt Ltd                   Fund based – CC limit ICRA BB-     50
(Issuer Not Cooperating)
Atc Logistics Pvt Ltd                   Fund based – TL       ICRA BB-     227.5
(Issuer Not Cooperating)
B.D. Steels Pvt Ltd                     FBL                   ICRA BB-     150
(Issuer Not Cooperating)
Bajaj Allianz General                   CPA                   IAAA         -
Insurance Co. Ltd
Reason for delay in carrying out periodic review: - Review process is underway
Baldev Textile Mills Pvt Ltd            LT – fund based –TL   ICRA BB      57.5
Reason for delay in carrying out periodic review: 
- Review process is underway
Baldev Textile Mills Pvt Ltd            LT – fund based –CC   ICRA BB      105
Reason for delay in carrying out periodic review: 
- Review process is underway
Baldev Textile Mills Pvt Ltd            Unallocated limits    ICRA BB /    4
                                                              ICRA A4+
Reason for delay in carrying out periodic review: 
- Review process is underway
Balurghat Municipality                  Issuer Rating         ICRA B+      -       Withdrawn
Bharat Export Overseas                  LT Fund Based         ICRA D       130
Rating continues to remain in ‘(Issuer Not Cooperating)’ category
Bhatia Colonizers Pvt Ltd               LT Fund based/TL      ICRA B+      250
(Issuer Not Cooperating)
Boltmaster (India) Pvt Ltd              Fund based-TL         ICRA D       228
(Issuer Not Cooperating)
Brijnandan Industries Pvt Ltd           Fund based – CC       ICRA BB      95
(Issuer Not Cooperating)
Brijnandan Industries Pvt Ltd           Fund based – TL       ICRA BB      25
(Issuer Not Cooperating)
Capital Steel Corporation               FB - CC               ICRA B+      70
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Champdany Municipality                  Issuer rating         ICRA BB-     0       Withdrawn
Chanvim Engineering (India)             CC                    ICRA BB+     70      Downgraded
Pvt Ltd                                                                            from ICRA
                                                                                   BBB-
(Issuer Not Cooperating)
Chanvim Engineering (India)             TL                    ICRA BB+     35      Downgraded
Pvt Ltd                                                                            from ICRA
                                                                                   BBB-
(Issuer Not Cooperating)
Choudhary Gum & Derivatives             LT-FBL-CC             ICRA B       145
(Issuer Not Cooperating)
Clean Max Ipp1 Pvt Ltd                  Fund based-TL         ICRA BBB-    627.1
Reason for delay in carrying out periodic review: 
- Review process is underway
Clean Max Ipp1 Pvt Ltd                  Unallocated Limit     ICRA BBB-    7.6
Reason for delay in carrying out periodic review: 
- Review process is underway
Clean Max Power Projects Pvt.           TL                    ICRA BBB-    1000
Ltd.
Reason for delay in carrying out periodic review: 
- Review process is underway
Coastal Farms                           Unallocated Limits    -            -       -
Coastal Farms                           FB Fac (CC)           ICRA BB+     270     Reaffirmed
Coastal Farms                           FB –TL                ICRA BB+     230     Reaffirmed
Deepthy Fenishers                       LT FB Fac             ICRA B       50
(Issuer Not Cooperating)
East Delhi Municipal                    Issuer rating         ICRA BB-     -
Corporation
East Delhi Municipal                    Issuer rating         ICRA BB-     -       Withdrawn
Corporation
(Issuer Not Cooperating)
Fivebros Forgings Pvt. Ltd              Fund based-CC         ICRA BB+     70
(Issuer Not Cooperating)
Fivebros Forgings Pvt. Ltd              Fund based-TL         ICRA BB+     9
(Issuer Not Cooperating)
Fivebros Forgings Pvt. Ltd              Fund based / non fund ICRA         10.4
                                        based - Unallocated   BB+/ICRA A4+
(Issuer Not Cooperating)
Forming India Pvt Ltd                   Bk Loan               ICRA BB- /   163
                                                              ICRA A4
Reason for delay in carrying out periodic review: - Issuer delayed in giving information
G3 Motors Ltd (Erstwhile G3             Fund based-CC         ICRA BB      120
Motors Pvt. Ltd.)
Rating continues to be in the ‘(Issuer Not Cooperating)’ category
G3 Motors Ltd (Erstwhile G3             Fund based-TL         ICRA BB      27.2
Motors Pvt. Ltd.)
Rating continues to be in the ‘(Issuer Not Cooperating)’ category
G3 Motors Ltd (Erstwhile G3             Fund based / non fund ICRA BB      152.8
Motors Pvt. Ltd.)                       based - Unallocated
Rating continues to be in the ‘(Issuer Not Cooperating)’ category
Gujarat Peanut Products Pvt Ltd         CC Fac                ICRA B+      45
(Issuer Not Cooperating)
Gujarat Peanut Products Pvt Ltd         Unallocated           ICRA B+      18.9
(Issuer Not Cooperating)
Hemani Industries Ltd                   LT – Term Loan        ICRA BBB+    116.3
(Issuer Not Cooperating)
Hemani Industries Ltd                   LT – Unallocated      ICRA BBB+    14.1
                                        Limits
(Issuer Not Cooperating)
Hooghly-Chinsurah Municipality          Issuer Rating         ICRA BB-     -       Withdrawn
Ic India Pvt. Ltd                       LT – CC               ICRA BB-     25
(Issuer Not Cooperating)
Ic India Pvt. Ltd                       LT – TL               ICRA BB-     8
(Issuer Not Cooperating)
Jain Vinimay Pvt Ltd                    Fund based – CC       ICRA B-      50
(Issuer Not Cooperating)
Jangipur Municipality                   Issuer Rating         ICRA B+      -       Withdrawn
Jay Umiya Industries                    FB – CC               ICRA B       55
(Issuer Not Cooperating)
Jay Umiya Industries                    FB – TL               ICRA B       13.4
(Issuer Not Cooperating)
K. M. Fisheries                         LT – Fund based/CC    ICRA B+      153.5
(Issuer Not Cooperating)
K.D.Iron & Steel Co.                    FBL                   ICRA BBB     410
(Issuer Not Cooperating)
K.S. Overseas Pvt Ltd                   FBL                   ICRA BB      1000
(Issuer Not Cooperating)
Karna International                     LT – Fund based       ICRA D       135     Downgraded
                                                                                   from ICRA BB-
Khatu Shyam Ji Tollways Pvt Ltd         FB/TL                 ICRA BB+     105     revised from
                                                                                   ICRA BBB-
Rating moved to ‘(Issuer Not Cooperating)’ category.
Khatu Shyam Ji Tollways Pvt Ltd         Non- FB/BG            ICRA BB+     10      revised from
                                                                                   ICRA BBB-
Rating moved to ‘(Issuer Not Cooperating)’ category
Krishnanagar Municipality               Issuer rating         ICRA BB      -       Withdrawn
(Issuer Not Cooperating)#/#moved to (Issuer Not Cooperating) category due to non submission of
monthly ‘No Default Statement’ (“NDS”)
Kunj Bihari Lal Radhey Shyam            LT Fund based/CC      ICRA B+      -
Metals Pvt Ltd
(Issuer Not Cooperating)
Lamco Industries Pvt Ltd                LT- Fund Based/ CC    ICRA BB+     160
(Issuer Not Cooperating)
Lamco Industries Pvt Ltd                LT - Non Fund Based   ICRA BB+     165
(Issuer Not Cooperating)
Lamco Industries Pvt Ltd                LT - Unallocated      ICRA BB+     2.5
(Issuer Not Cooperating)
M K Roy & Bros Projects Pvt Ltd         Fund based – CC       ICRA B+      51.5
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
M K Roy & Bros Projects Pvt Ltd         Non-Fund Based – BG   ICRA B+      45
                                                              /ICRA A4
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
M K Roy & Bros Projects Pvt Ltd         Unallocated Limit     ICRA B+      3.5
                                                              /ICRA A4
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
M V Shiptrade Pvt Ltd                   FB CC                 ICRA B+      50      Reaffirmed
M.K. Wood India Pvt Ltd                 Fund Based - Cash     ICRA BB-     125
                                        Credit
(Issuer Not Cooperating)
Magma Fincorp Ltd                       Second Loss Facility  ICRA A-(SO)  -       Withdrawn
Magma Fincorp Ltd                       Liquidity Facility    ICRA AAA(SO) -       Withdrawn
Magma Fincorp Ltd                       PTC Series A1         ICRA         -       Withdrawn
                                                              AAA(SO)
Magma Fincorp Ltd                       PTC Series A2         ICRA         -       Withdrawn
                                                              AAA(SO)
Maharashtra Oil Extractions             FBL                   ICRA BBB+    300
Pvt Ltd
(Issuer Not Cooperating)
Maheshtala Municipality                 Issuer Rating         -            -       Withdrawn
Mahima Cold Storage Pvt Ltd             Fund based – CC       ICRA B+      11
                                        (Running &
                                        Maintenance)
(Issuer Not Cooperating)
Mahima Cold Storage Pvt Ltd             Fund based – CC       ICRA B+      64.3
                                        (Marketing)
(Issuer Not Cooperating)
Mahima Cold Storage Pvt Ltd             Non-fund based – BG   ICRA B+      1.064
                                                              /ICRA A4
(Issuer Not Cooperating)
Mahima Cold Storage Pvt Ltd             Unallocated Limit     ICRA B+      23.636
                                                              /ICRA A4
(Issuer Not Cooperating)
Mangal & Mangal                         Fund based – Working  ICRA BB      200     Reaffirmed
                                        capital Fac
Mangal & Mangal                         Fund based – Proposed ICRA BB      100     Reaffirmed
                                        Fac
Mangal & Mangal                         Fund based – Working  ICRA BBB     200     Reaffirmed
                                        capital Fac
Mangal & Mangal                         Fund based – Proposed ICRA BBB     100     Reaffirmed
                                        Fac
Marketing Rex                           Bk Loan               ICRA BB /    100
                                                              ICRA A4+
(Issuer Not Cooperating)
Meera Casting                           FB – CC               ICRA B       40
(Issuer Not Cooperating)
Meera Casting                           FB – TL               ICRA B       26.5
(Issuer Not Cooperating)
Midnapore Municipality                  Issuer rating         ICRA BB      -       Withdrawn
Mohan Mutha Exports Pvt Ltd             Fund based/ CC        ICRA BBB-    900     Reaffirmed
                                        facility
Pankaj Steel Corporation                Fund based-CC         ICRA B+      ^
(Issuer Not Cooperating)/^Sublimit of import letter of credit
Perfect Communication                   Fund based-CC         ICRA B+      60
(Issuer Not Cooperating)
Plasma Metal Processing Pvt.            LT - Fund Based TL    ICRA D       350
Ltd
(Issuer Not Cooperating)
Prakash Oils Ltd                        Fund Based - CC       ICRA BB      220
(Issuer Not Cooperating)
Prateek Wires (P) Ltd                   FB Limit – CC         ICRA BB      120     Upgraded
                                                                                   from ICRA BB-
Prudhvi Constructions Pvt Ltd           LT- Fund Based/ CC    ICRA B+      60
(Issuer Not Cooperating)
Prudhvi Constructions Pvt Ltd           LT- Unallocated       ICRA B+      20
(Issuer Not Cooperating)
Radiant Solar Pvt Ltd                   Fund Based CC Limits  ICRA D       30      Revised from
                                                                                   ICRA B
(Issuer Not Cooperating)
Radiant Solar Pvt Ltd                   Fund Based TL Limits  ICRA D       14      Revised from
                                                                                   ICRA B
(Issuer Not Cooperating)
Radiant Solar Pvt Ltd                   Unallocated Limits    ICRA D       23.5    Revised from
                                                                                   ICRA B /ICRA
                                                                                   A4
(Issuer Not Cooperating)
Raiganj Municipality                    Issuer Rating         ICRA BB-     -       Withdrawn
(Issuer Not Cooperating)
Raj Engineering Co.                     FB limits- CC         ICRA BB      70
(Issuer Not Cooperating)
Rajamahendravaram Municipal             Issuer rating         ICRA BBB     -
Corporation
(Issuer Not Cooperating)
Rajendra Singh Bhamboo                  FB/TL                 ICRA BB-     360     revised from
Tollways Pvt Ltd                                                                   ICRA BB
(Issuer Not Cooperating)
Rajendra Singh Bhamboo                  Non- FB/BG            ICRA BB-     15      revised from
Tollways Pvt Ltd                                                                   ICRA BB
(Issuer Not Cooperating)
Ram Chander Builders Pvt Ltd            LT Fund based/TL      ICRA B+      100.7
(Issuer Not Cooperating)
Sachdev Food Products                   FB Limits             ICRA BB-     79.1    Withdrawn
Sachdev Food Products                   Unallocated Limits    ICRA BB-     5.9     Withdrawn
                                                              /ICRA A4
Sachdev Food Products Pvt Ltd           FB Limits             ICRA BB-     75      Withdrawn
Safar Polyfibre Pvt. Ltd.               CC                    ICRA B       100
(Issuer Not Cooperating)
Safar Polyfibre Pvt. Ltd.               TL                    ICRA B       252.5
(Issuer Not Cooperating)
Sai Industries Pvt Ltd                  Fund based – CC       ICRA BBB-    80
(Issuer Not Cooperating)
Sai Point Bikes And Cars                FB Limits- Dropline   ICRA B       120
                                        facility
(Issuer Not Cooperating)
Sanghvi Buildtech Llp                   LT: Fund based – TL   ICRA B       300
(Issuer Not Cooperating)
Sasidhar Poultries Pvt Ltd              LT- Fund Based/ CC    ICRA C+      50
(Issuer Not Cooperating)
Sasidhar Poultries Pvt Ltd              LT- Fund Based/ TL    ICRA C+      63.2
(Issuer Not Cooperating)
Sasidhar Poultries Pvt Ltd              LT- Unallocated       ICRA C+      36.8
(Issuer Not Cooperating)
Shm Shipcare                            Fund based-CC         ICRA BB      296.8
(Issuer Not Cooperating)
Shm Shipcare                            Fund based-TL         ICRA BB      41
(Issuer Not Cooperating)
Shree Raghuvanshi Fibers Pvt            Fund Based – TL       ICRA D       15
Ltd
(Issuer Not Cooperating)
Shree Raghuvanshi Fibers Pvt            Fund Based – CC       ICRA D       250
Ltd
(Issuer Not Cooperating)
Shree Raghuvanshi Fibers Pvt            Fund Based – DAUE^    ICRA D       3.5
Ltd
(Issuer Not Cooperating)/^ Drawing against Uncleared Effects (uncleared cheques)
Shree Umavanshi Industries              FB – CC               ICRA B       100
(Issuer Not Cooperating)
Sigma Moulds And Stampings Pvt          LT - Fund Based       ICRA BBB+    90
Ltd
Reason for delay in carrying out periodic review: - Review process underway
Singer India Ltd                        LT / ST - Fund Based  ICRA BBB     260     Reaffirmed
                                                              /ICRA A3+
Singh Hindustan Marine Pvt Ltd          Fund based-CC         ICRA BB-     50
(Issuer Not Cooperating)
Solairedirect Energy India Pvt          LT/ST –Non Fund Based ICRA         750
Ltd                                                           BBB+/ICRA
                                                              A2+
(Issuer Not Cooperating)
Spdd Infra Pvt Ltd                      LT Fund based/TL      ICRA B+      27.5
(Issuer Not Cooperating)
Sri Venkateswara Spintex (P)            CC                    ICRA B+      150
Ltd
(Issuer Not Cooperating)
Sri Venkateswara Spintex (P)            TL                    ICRA B+      186.7
Ltd
(Issuer Not Cooperating)
Sri Venkateswara Spintex (P)            Unallocated Limits    ICRA B+      105.8
Ltd
(Issuer Not Cooperating)
Star Rays                               LT/ST FB Limits       ICRA         3600    Reaffirmed
                                                              A-/ICRA A2+
Star Security And Detective             Issuer Rating         ICRA BB-     -       Reaffirmed
Agency
Svr Drugs Pvt Ltd                       LT- Fund Based/ CC    ICRA BB      100
(Issuer Not Cooperating)
Svr Drugs Pvt Ltd                       LT- Fund Based/ TL    ICRA BB      54.8
(Issuer Not Cooperating)
Svr Drugs Pvt Ltd                       LT- Non Fund Based    ICRA BB      25
(Issuer Not Cooperating)
Svr Drugs Pvt Ltd                       LT- Unallocated       ICRA BB      20.2
(Issuer Not Cooperating)
Svr Laboratories Pvt Ltd                LT- Fund Based/ CC    ICRA BB      60
(Issuer Not Cooperating)
Svr Laboratories Pvt Ltd                LT / ST Unallocated   ICRA BB/A4+  51
(Issuer Not Cooperating)
Tn Solar Power Energy Pvt Ltd           TL                    ICRA A+      1450    Downgraded
                                                              (SO)&                from ICRA
                                                                                   AA-(SO)
Rating continues to remain under watch with developing implications
Tn Solar Power Energy Pvt Ltd           CC                    ICRA A+      50      Downgraded
                                                              (SO)&                from ICRA
                                                                                   AA-(SO)
Rating continues to remain under watch with developing implications
Tvs Credit Services Ltd                 FB TL                 ICRA A+      21460
Reason for delay in carrying out periodic review: 
- Review process is underway
Universal Freight Management            Fund Based – CC       ICRA BB-     143
(India) Pvt Ltd
(Issuer Not Cooperating)
Universal Freight Management            Unallocated           ICRA BB-     107
(India) Pvt Ltd
(Issuer Not Cooperating)
Vijay Engineering Equipment             Fund Based CC Limits  ICRA B       160
India Pvt.Ltd
(Issuer Not Cooperating)
Vijay Engineering Equipment             Unallocated Limits    ICRA B       15
India Pvt.Ltd
(Issuer Not Cooperating)
Vivriti Capital Pvt                     MBCEL programme –     Provisional  50      Assigned
Ltd-Chaitanya India Fin Credit          Vivriti MBCEL III 2019ICRA A-(SO)
Pvt Ltd
Vivriti Capital Pvt                     MBCEL programme –     Provisional  100     Assigned
Ltd-Midland Microfin Ltd                Vivriti MBCEL III 2019ICRA A-(SO)
Vivriti Capital Pvt Ltd-Namra           MBCEL programme –     Provisional  150     Assigned
Finance Ltd                             Vivriti MBCEL III 2019ICRA A-(SO)
Vivriti Capital Pvt Ltd-Pahal           MBCEL programme –     Provisional  100     Assigned
Financial Services Pvt Ltd              Vivriti MBCEL III 2019ICRA A-(SO)
Zed Vitrified Pvt Ltd                   Bk Fac                ICRA BB- /   -
                                                              ICRA A4
(Issuer Not Cooperating)
Adam & Coal Resources Pvt Ltd           LT / ST – Fund        ICRA BB+ /   100     Revised from
                                        based/Non-Fund Based  ICRA A4+             ICRA BBB/A3+
(Ratings continue to remain in Issuer Not Cooperating category)
Akshat Plastics Pvt. Ltd                LT: CC                ICRA BB-     45      -
(Ratings continue to remain in Issuer Not Cooperating category)
Anondita Healthcare (Noida)             Fund Based: CC        ICRA B+      35      Withdrawn
Anondita Healthcare (Noida)             Fund Based: TL        ICRA B+      12.7    Withdrawn
Anondita Healthcare (Noida)             NFBL                  ICRA B+/A4   10      Withdrawn
Anondita Healthcare (Noida)             Unallocated           ICRA B+/A4   2.3     Withdrawn
Anondita Healthcare Ltd                 Fund Based: CC        ICRA B       20      Withdrawn
Anondita Healthcare Ltd                 Fund Based: TL        ICRA B       100     Withdrawn
Art & Crafts Inc.                       LT: CC                ICRA BB      75      -
(Ratings continue to remain in Issuer Not Cooperating category)
Eros Minerock Products Llp              CC                    ICRA B+      80      -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Eros Minerock Products Llp              TL                    ICRA B+      245.6   -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Jalaram Agriexports Pvt. Ltd.           LT / ST - Fund Based  ICRA BB-/A4  200     -
(Ratings continue to remain in Issuer Not Cooperating category)
Kirby Building Systems &                Fund Based Cash       ICRA AA-     140     Reaffirmed
Structures India Pvt Ltd
Kirby Building Systems &                Credit Limits         ICRA AA-     -       Reaffirmed
Structures India Pvt Ltd
Kirby Building Systems &                NFBL                  ICRA AA-/A1+ 9540    Reaffirmed
Structures India Pvt Ltd
Kirby Building Systems &                Unallocated Limits    ICRA AA-/A1+ 2320    Reaffirmed
Structures India Pvt Ltd
M/S Shiv Dal Mill                       Fund based – CC       ICRA B+      50      -
( Rating moved to ‘Issuer Not Cooperating’ category)
M/S Shiv Dal Mill                       Fund based – TL       ICRA B+      50      -
( Rating moved to ‘Issuer Not Cooperating’ category)
Marinelines Ship Breakers Pvt           Fund based – CC       ICRA B+      50      -
Ltd
(Ratings continue to remain in Issuer Not Cooperating category)
Mulberry Silks Ltd                      LT: TL                ICRA BBB+    82.4    Reaffirmed
Mulberry Silks Ltd                      LT / ST - Unallocated ICRA BBB+/A2 38.6    Reaffirmed
Murli Cold Storage Pvt Ltd              Fund based – CC       ICRA B+      100     -
(Ratings continue to remain in Issuer Not Cooperating category)
Nallamilli Satyanarayana Reddy          Fund Based - CC       ICRA BB-     120     -
And Others
(Ratings continue to remain in Issuer Not Cooperating category)
Nallamilli Satyanarayana Reddy          NFBL                  ICRA BB-     20      -
And Others
(Ratings continue to remain in Issuer Not Cooperating category)
Nallamilli Satyanarayana Reddy          Unallocated           ICRA BB-/A4  60      -
And Others
(Ratings continue to remain in Issuer Not Cooperating category)
National Industrial                     LT Fund Based         ICRA BB      230     -
Corporation Ltd
(Rating moved to the ‘Issuer Not Cooperating’ category)
Nice Sesame Agro Industries             FB - TL               ICRA B+      8.4     -
(Ratings continue to remain in Issuer Not Cooperating category)
Nice Sesame Agro Industries             FB - CC               ICRA B+      89.6    -
(Ratings continue to remain in Issuer Not Cooperating category)
Rosabella Ceramic Llp                   FBL                   ICRA B       120.8   -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Shapoorji Pallonji Energy               NCD Programme         ICRA A+      1000    Downgraded
(Gujarat) Pvt Ltd                                                                  from
ICRA AA-
(Withdrawn)
Shapoorji Pallonji Oil And Gas          Non-FB - Working      ICRA A(S)&/  -       Downgraded
Pvt Ltd                                 Capital Fac           ICRA A1(S            from ICRA
                                                                                   A+(S)&/ ICRA
                                                                                   A1+(S)&      
     
(Longterm rating continues to remain under rating watch with developing implications; short-term
rating removed from rating watch with developing implication)
Shivam Jewels                           LT – TL               ICRA BBB-    7.3     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shivam Jewels                           LT - CC               ICRA BBB-    180     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shivam Jewels                           LT / ST - Unallocated ICRA BBB-/A3 162.7   -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Shree Khodal Cot-Gin Pvt. Ltd.          FB - CC               ICRA D       65      -
(Ratings continue to remain in Issuer Not Cooperating category)
Shree Khodal Cot-Gin Pvt. Ltd.          FB - TL               ICRA D       18.5    -
(Ratings continue to remain in Issuer Not Cooperating category)
Shree Krishna Rice Mills                FBL                   ICRA B-      150     -
(Ratings continue to remain in Issuer Not Cooperating category)
Swastik Enterprise                      CC                    ICRA D       80      Dowgraded
                                                                                   from ICRA BB-
(Ratings continue to remain in Issuer Not Cooperating category)
Tara Chand Rice Mills Pvt. Ltd.         FBL                   ICRA D       1500    -
(Ratings continue to remain in Issuer Not Cooperating category)
Transmission Corporation Of             Bond Programme        ICRA D       9750    Reaffirmed
Andhra Pradesh Ltd
United Seamless Tubulaar Pvt            NCD Programme         ICRA D       10065   -
Ltd
(Ratings continue to remain in Issuer Not Cooperating category)
United Seamless Tubulaar Pvt            LT / ST – Fund        ICRA D       2890    -
Ltd                                     based/Non-Fund Based
(Ratings continue to remain in Issuer Not Cooperating category)
Vaishnavi Food Products                 LT: CC                ICRA B-      60      -
(Ratings continue to remain in Issuer Not Cooperating category)
Vallabha Feeds Pvt Ltd                  Fund based- CC        ICRA BB+     100     -
(Ratings continue to remain in Issuer Not Cooperating category)
Vallabha Feeds Pvt Ltd                  Unallocated           ICRA BB+     13      -
(Ratings continue to remain in Issuer Not Cooperating category)
Vibhor Steel Tubes (P) Ltd              FB – CC               ICRA BBB-    380     -
(Issuer did not cooperate; based on best available information)
Vibhor Steel Tubes (P) Ltd              FB – TL               ICRA BBB-    169.6   -
(Issuer did not cooperate; based on best available information)
Vibhor Steel Tubes (P) Ltd              Non-fund based – BG   ICRA BBB-/A3 210**   -
(Issuer did not cooperate; based on best available information)/**fully interchangeable
Vibhor Steel Tubes (P) Ltd              FB – Forward Contract ICRA BBB-/A3 ***     -
                                        Limit
(Issuer did not cooperate; based on best available information)***sublimit of cash credit
facility
Vibhor Steel Tubes (P) Ltd              FB – EPC/ PCFC /      ICRA BBB-/A3 ***     -
                                        EBC/FBD /optionally
                                        convertible debentureBC
(Issuer did not cooperate; based on best available information)***sublimit of cash credit
facility
Vibhor Steel Tubes (P) Ltd              FB – Derivative / CEL ICRA BBB-/A3 1       -
(Issuer did not cooperate; based on best available information)
Vibhor Steel Tubes (P) Ltd              Unallocated           ICRA BBB-/A3 79.4    -
(Issuer did not cooperate; based on best available information)
Vijay Industries                        LT CC                 ICRA BB      70      -
(Rating moved to ‘Issuer Not Cooperating’ category)
Vikram Solar Ltd                        TL                    ICRA A-      2100    Reaffirmed
Vikram Solar Ltd                        CC                    ICRA A-      4330    Reaffirmed
Zinzuwadia Brothers Jewellers           FB - CC               ICRA BB-     80      -
(Ratings continue to remain in Issuer Not Cooperating category)
 
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

ICRA may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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