November 1, 2018 / 11:42 AM / 8 months ago

RPT-ICRA ratings for Indian debt instruments-Nov 1

 (Repeating to add additional ratings as of October 31, 2018)
    Nov 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 31, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Acme Safetywears Ltd                    Non-FB – BG           ICRA A4      10      Reaffirmed
Acme Safetywears Ltd                    Non-FB – LOC          ICRA A4      20      Reaffirmed
Acme Safetywears Ltd                    FB – Buyer's Credit$  ICRA A4      0       Reaffirmed
$Sub-limit of Letter of Credit
Airan Steel & Power Pvt Ltd             Short- term- Inland   ICRA A4      0
                                        LOC^
Rating continues to remain under ‘(Issuer Not Cooperating)’ category/^The Inland Letter of
Credit is interchangeable with Cash Credit
Axis Securities Ltd                     CP Programme          ICRA A1+     1000    Reaffirmed
Bagga Luxury Motorcars Llp              Non fund Based –      ICRA A4      70
                                        Proposed BG
(Issuer Not Cooperating)
Bhagwati Power & Steel Ltd              Non-fund              ICRA A3+&    200     Reaffirmed
                                        Based-Working Capital
                                        Facility
remains under rating watch with developing implications
Cholamandalam Investment And            CP                    ICRA A1+     75000   Outstanding
Finance Co. Ltd
Dhirendra Narayan Cold Storage          Short- term- Seasonal ICRA A4      60
Pvt Ltd                                 CC
(Issuer Not Cooperating)
Durga Polysters Pvt. Ltd.               ST Non FB limits - BG ICRA A4+     20
(Issuer Not Cooperating)
Durga Polysters Pvt. Ltd.               ST Non FB limits - LOCICRA A4+     -
(Issuer Not Cooperating)
Eskay Dyestuffs & Organic               Non-fund based- BG/   ICRA A3      33.7    Reaffirmed
Chemicals Pvt Ltd                       Derivative exposure/
                                        LOC
Essen Speciality Films Pvt.             ST FB Export Packing  ICRA A2      150     Reaffirmed
Ltd.                                    Credit
Essen Speciality Films Pvt.             LOC                   ICRA A2      40      Reaffirmed
Ltd.
Euro Pratik Ispat Pvt Ltd               Short- term- Inland   ICRA A4      0
                                        LOC^
Rating continues to remain under ‘(Issuer Not Cooperating)’ category/^Bank Guarantee and Inland
Letter of Credit are interchangeable with Cash Credit
Gerb Vibration Control Systems          BG                    ICRA A4+     -       Reaffirmed
Pvt Ltd
Iic Technologies Ltd                    ST: Fund based –      ICRA A3+     50      revised from
                                        Standby Line of                            ICRA A2
                                        Credit
Iic Technologies Ltd                    ST: Non-Fund Based –  ICRA A3+     390     revised from
                                        Bk Guarantee                               ICRA A2
Indian Gem & Jewellery                  Non FBL – BG/ Letter  ICRA A4+     80      Withdrawn
Creation Pvt Ltd                        of Credit
                                        (Inland/Foreign)
(Issuer Not Cooperating)
Joseph Leslie & Company Llp             Non-Fund Based – LOC  ICRA A4      1       
(Issuer Not Cooperating)
Joseph Leslie & Company Llp             Non-Fund Based – BG   ICRA A4      20      
(Issuer Not Cooperating)
Lampex Electronics Ltd                  ST: Non-FBL           ICRA A3      100     Upgraded
                                                                                   from ICRA A4+
Laser Fibers Pvt Ltd                    Non-FB – BG**         ICRA A4      0       Reaffirmed
**Sub-limits of cash credit limit
Laser Fibers Pvt Ltd                    Fund Based – Packing  ICRA A4      0       Reaffirmed
                                        Credits Cum FBP/FBD**
**Sub-limits of cash credit limit
Maa Bameswari Cold Storage Pvt          Short- term- Seasonal ICRA A4      65
Ltd                                     CC
(Issuer Not Cooperating)
Nevatia Steel & Alloys Pvt Ltd          ST fundbased and      ICRA A4      219.6
                                        non-FBL
(Issuer Not Cooperating)
Nitte Education Trust                   ST-BG                 ICRA A1+     102     Upgraded
                                                                                   from ICRA A1
Nitte Education Trust                   ST-LOC                ICRA A1+     100     Upgraded
                                                                                   from ICRA A1
Orient Packaging                        Non-Fund based-LOC    ICRA A4      30      Withdrawn
                                        Fund Based
Orinda Granito Llp                      BG                    ICRA A4      25      Reaffirmed
Perumal Spinning Mills Pvt Ltd          ST Non-FB Facility    ICRA A4      20
(Issuer Not Cooperating)
Planet Automotive Pvt. Ltd.             Fund based – Drop     ICRA A4      10
                                        Line Overdraft
                                        Facility
(Issuer Not Cooperating)
Powertech Engineers                     Non-fund Based        ICRA A4+     760     Reaffirmed
Prime Lumbers Pvt. Ltd.                 Non Fund based- LOC   ICRA A4      40
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Rameswar Udyog Pvt Ltd                  Non fund based-       ICRA A4      147.5
                                        Export Packing Credit
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Rameswar Udyog Pvt Ltd                  Interchangeable-      ICRA A4      
                                        FDBP^/FUDBP^
Rating continues to remain under ‘(Issuer Not Cooperating)’ category/^Foreign discount bill
purchase
Rameswar Udyog Pvt Ltd                  Non fund based- BG    ICRA A4      10
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Reva Proteins Ltd                       ST – Non-fund based   ICRA A2      -       Reaffirmed
                                        (sublimit)            (SO)
Samkit Diamond Export Pvt Ltd           ST non fundbased limitICRA A4      9.8
(Issuer Not Cooperating)
Saraswati Sugar Mills Ltd               Non-fund              ICRA A1      50      Reaffirmed
                                        Based-Working Capital
                                        Fac
Sayaji Industries Ltd                   Non-FBL               ICRA A3      41.5    Withdrawn
Sri Shyam Agro Traders                  Fund based- Pre       ICRA A4      20      Reaffirmed
                                        shipment
removed from (Issuer Not Cooperating) category
Stic-On Papers Pvt Ltd                  ST - NonFund Based    ICRA A4      20
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Subabhalaji Spinning Mills              ST, Non-FB Fac        ICRA A4      14.9
India Pvt Ltd
(Issuer Not Cooperating)
Supertex Woven Industries               Fund Based - Packing  ICRA A4      19.5    Withdrawn
                                        Credit
Supertex Woven Industries               Non Fund Based - LOC  ICRA A4      20      Withdrawn
Supertex Woven Industries               Non Fund Based - BG   ICRA A4      -       Withdrawn
Trinity Mahalasa Durga Sales            Non - Fund based – BG ICRA A4      15
And Services                            Limit
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
Valencia Ceramic Pvt Ltd                Non-fund BasedBG      ICRA A4      20.2
(Issuer Not Cooperating)
Vikas Gems                              ST FB limits          ICRA A4      55
(Issuer Not Cooperating)
Vikrant Extrusions                      Non Fund Based - LOC  ICRA A4      20      Withdrawn
Acrysil Ltd                             Non-Fund based        ICRA A2      100     Reaffirmed
                                        LOC/BG/FC
Cosa Ceramics Pvt. Ltd.                 Non-fund based – BG   ICRA A3+     70
revised from ICRA A2
Dada Ganpati Guar Products              ST- Non Fund Based    ICRA A4      10
Pvt. Ltd.
Issuer Not Cooperating; Rating continues to remain in the ‘Issuer Not Cooperating’ category
Deekay Trexim India Pvt Ltd             Non-FB limits         ICRA A4      8.6
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Divine Solutions Pvt Ltd                ST- Non- FB limits    ICRA A4      140
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Envee Drugs Pvt. Ltd.                   Non-fund Based LOC    ICRA A4      85      Reaffirmed
Farmico Commodities Ltd                 ST – Non-FB - LOC     ICRA A4      90
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
Fashion Flare International             ST Fundbased          ICRA A4      40
Pvt Ltd
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Fashion Flare International             ST Non FB             ICRA A4      20
Pvt Ltd
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Hilltop Ceramic                         Non-FB Limits         ICRA A4      14
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Iifl Wealth Finance Ltd                 CP programme          ICRA A1+     55000
outstanding
Indian Commerce & Industries            ST Interchangeable    ICRA A2      -
Company Pvt Ltd
Issuer Not Cooperating; Rating Withdrawn
Indian Commerce & Industries            ST Non Fund Based     ICRA A2      250
Company Pvt Ltd
Issuer Not Cooperating; Rating Withdrawn
Magnolia Martinique Clothing            ST Fundbased          ICRA A4      250
Pvt Ltd
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Metal Ore                               Non-FB - LOC          ICRA A4      500     Reaffirmed
Pan Agri Export                         Non-FB limits         ICRA A3      40
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Pan Agri Export                         Interchangeable limitsICRA A3      -
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Primo Pick N. Pack Pvt.                 ST- Fund Based        ICRA A4+     65      Reaffirmed
Ltd.Primo Pick N. Pack Pvt.
Ltd. (Erstwhile Primo Pick N Pack Ltd)
Primo Pick N. Pack Pvt.                 ST- Unallocated       ICRA A4+     1       Reaffirmed
Ltd.Primo Pick N. Pack Pvt.
Ltd. (Erstwhile Primo Pick N Pack Ltd)
Primo Pick N. Pack Pvt.                 ST- Non-Fund Based    ICRA A4+     9       Reaffirmed
Ltd.Primo Pick N. Pack Pvt.
Ltd. (Erstwhile Primo Pick N Pack Ltd)
S. K. Exports (Lower Parel)             Non-fund based – BG   ICRA A4      -
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Saurabh Agrotech Pvt Ltd                ST-Fund Based         ICRA A4      200
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Saurabh Agrotech Pvt Ltd                ST-NonFund Based      ICRA A4      1
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Skipperseil Ltd                         ST Fund based         ICRA D       180
revised from ICRA A4+
Skipperseil Ltd                         ST Non-Fund based     ICRA D       4.4
revised from ICRA A4+
Synnova Ceramic Pvt. Ltd.               BG                    ICRA A4      4
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Tata Sons Pvt Ltd                       CP Programme          ICRA A1+     135000  outstanding

MEDIUM TERM RATINGS:
-------------------
Sayaji Industries Ltd                   Medium Term – Fixed   MA-          200     Reaffirmed
                                        Deposit Programme
LONG TERM RATINGS:
-------------------
Acme Safetywears Ltd                    FB – CC^              ICRA BB      120     Reaffirmed
^Cash credit includes sublimit of post shipment & pre-shipment working capital worth Rs. 1 crore
each
Acme Safetywears Ltd                    FB – TL               ICRA BB      38.3    Reaffirmed
Airan Steel & Power Pvt Ltd             Long- term- CC        ICRA BB-     85
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Airan Steel & Power Pvt Ltd             Long- term- BG        ICRA BB-     5
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Alapatt Jewellery (House Of             Fund based facility   ICRA BB-     55      Reaffirmed
Alapatt)
Andhra Pradesh Expressway Ltd           NCD Programme         ICRA         1947    Reaffirmed
                                                              AAA(SO)
Bagga Luxury Motorcars Llp              Fund based – Proposed ICRA B+      70
                                        Inventory Funding
                                        Limits
(Issuer Not Cooperating)
Bhagwati Power & Steel Ltd              FB -TL                ICRA BBB&    75.5    Reaffirmed
remains under rating watch with developing implications
Bhagwati Power & Steel Ltd              FB - Working Capital  ICRA BBB&    335     Reaffirmed
                                        Fac
remains under rating watch with developing implications
Boss Cotton And Oil Industries          CC                    ICRA B-      50
Rating moved to ‘(Issuer Not Cooperating)’ category
Boss Cotton And Oil Industries          TL                    ICRA B-      19.5
Rating moved to ‘(Issuer Not Cooperating)’ category
Boss Cotton And Oil Industries          Unallocated Limits    ICRA B-      15.5
Rating moved to ‘(Issuer Not Cooperating)’ category
Cholamandalam Investment And            Perpetual Debt        ICRA AA      13300   Outstanding
Finance Co. Ltd                         Instruments
Cholamandalam Investment And            Fund based - TL       ICRA AA+     184519.9Assigned/
Finance Co. Ltd                                                                    Outstanding
Cholamandalam Investment And            Sub-limit - Non-FBL   ICRA AA+     1000    Outstanding
Finance Co. Ltd                         from Bks^
^ Sub-limit of Rs. 100.00-crore working capital facilities, included as part of the rated Rs.
4,000.00-crore fund-based facilities from banks
Cholamandalam Investment And            NCDs!                 ICRA AA+     128712  Outstanding
Finance Co. Ltd
! Non-convertible debenture and subordinated debenture outstanding as on May 4, 2018
Cholamandalam Investment And            Subordinated          ICRA AA+     22200   Outstanding
Finance Co. Ltd                         Debentures!
! Non-convertible debenture and subordinated debenture outstanding as on May 4, 2018
Cholamandalam Investment And            FB Fac from Bks#      ICRA AA+ /   40000   Outstanding
Finance Co. Ltd                                               ICRA A1+
# Rs. 4,000.00-crore fund-based limits are interchangeable with cash credit and short-term
working capital facilities (rated ICRA A1+), subject to total utilisation
Darbhanga Municipal Corporation         Issuer rating         ICRA BB      -       Withdrawn
(Issuer Not Cooperating)
Dhirendra Narayan Cold Storage          Long- term- Working   ICRA B       12.5
Pvt Ltd                                 Capital loan
(Issuer Not Cooperating)
Dhirendra Narayan Cold Storage          Long- term- BG        ICRA B       2
Pvt Ltd
(Issuer Not Cooperating)
Dhirendra Narayan Cold Storage          LT/ST unallocated     ICRA B       1.5
Pvt Ltd                                 limit                 /ICRA A4
(Issuer Not Cooperating)
Dinjoye Tea Estate Pvt. Ltd.            FB – working capital  ICRA BB      36.7
Reaffirmed
Dinjoye Tea Estate Pvt. Ltd.            LT unallocated        ICRA BB      63.3
Reaffirmed
Durga Polysters Pvt. Ltd.               LT FB limits          ICRA BB+     502.1
(Issuer Not Cooperating)
Durga Polysters Pvt. Ltd.               Unallocated limits    ICRA BB+     0.3
                                                              /ICRA A4+
(Issuer Not Cooperating)
Eskay Dyestuffs & Organic               FB - CC               ICRA BBB-    80      Reaffirmed
Chemicals Pvt Ltd
Eskay Dyestuffs & Organic               Fund Based – TL       ICRA BBB-    54.6    Reaffirmed
Chemicals Pvt Ltd
Eskay Dyestuffs & Organic               Fund Based - Export   ICRA BBB-    -       Reaffirmed
Chemicals Pvt Ltd                       Packing
                                        Credit/Export Bill Discounting
Eskay Dyestuffs & Organic               Fund Based -          ICRA         57.6    Reaffirmed
Chemicals Pvt Ltd                       CC/Working Capital    BBB-/ICRA A3
                                        Demand Loan/Packing Credit in Foreign Currency/Bill
                                        Discounting
Esr Pune Industrial Park Pvt            Proposed NCD (NCD)    Provisional  1500    Withdrawn
Ltd                                     programme             ICRA BB 
Essen Speciality Films Pvt.             LT FB CC              ICRA BBB+    -       Reaffirmed
Ltd.
Essen Speciality Films Pvt.             LT FB TL              ICRA BBB+    10      Reaffirmed
Ltd.
Essvy Constructions India Pvt.          Fund Based            ICRA BBB-    70      Upgraded from
Ltd                                                                                ICRA BB+

Essvy Constructions India Pvt.          Non-fund Based        ICRA BBB-    230     Upgraded from
Ltd.                                                                               ICRA BB+
Euro Pratik Ispat Pvt Ltd               Long- term- CC        ICRA BBB-    90
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Euro Pratik Ispat Pvt Ltd               Long- term- BG^       ICRA BBB-    -
Rating continues to remain under ‘(Issuer Not Cooperating)’ category/^Bank Guarantee and Inland
Letter of Credit are interchangeable with Cash Credit
Geetanjali Ispat & Powers               Long- term- CC        ICRA BB-     85
Pvt. Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Geetanjali Ispat & Powers               Long- term- BG        ICRA BB-     5
Pvt. Ltd.
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Iic Technologies Ltd                    LT: CC Fac            ICRA BBB     270     revised from
                                                                                   ICRA BBB+
Iic Technologies Ltd                    LT: TL                ICRA BBB     64.4    revised from
                                                                                   ICRA BBB+
Iic Technologies Ltd                    Long/ ST: Unallocated ICRA BBB     62      revised from
                                                              /ICRA A3+            ICRA BBB+
                                                                                   /ICRA A2
Indian Gem & Jewellery                  FB Limit- CC          ICRA BB+     350     Withdrawn
Creation Pvt Ltd
(Issuer Not Cooperating)
Indian School Finance Company           PTC Series A1         Provisional  423.4   Assigned
Pvt Ltd                                                       ICRA A(SO)
Indian School Finance Company           PTC Series A2         Provisional  24.9    Assigned
Pvt Ltd                                                       ICRA BBB(SO)
International Infrabuild Pvt            NCD Programme         ICRA AA-(S)  900     Reaffirmed
Ltd
Joseph Leslie & Company Llp             Fund based - CC       ICRA B+      52.5    
(Issuer Not Cooperating)
Joseph Leslie & Company Llp             Unallocated limit     ICRA         12.5  
                                                              B+/ICRA A4           
(Issuer Not Cooperating)
K.P. Saha Pvt Ltd: Unit Maa             Long- term- TL        ICRA B+      26.9
Bameswari Rice Mill
(Issuer Not Cooperating)
K.P. Saha Pvt Ltd: Unit Maa             Long- term- CC        ICRA B+      25
Bameswari Rice Mill
(Issuer Not Cooperating)
K.P. Saha Pvt Ltd: Unit Maa             Long- term- BG        ICRA B+      1.3
Bameswari Rice Mill
(Issuer Not Cooperating)
Lampex Electronics Ltd                  LT: FBL               ICRA BBB-    500     Upgraded
                                                                                   from ICRA BB+
Lampex Electronics Ltd                  LT/ST: Non-FBL        ICRA         225     Upgraded
                                                              BBB-/ICRA A3         from ICRA
                                                                                   BB+/ ICRA A4+
Lampex Electronics Ltd                  LT/ST: Unallocated    ICRA         25      Upgraded
                                        Limits                BBB-/ICRA A3         from ICRA
                                                                                   BB+/ ICRA A4+
Laser Fibers Pvt Ltd                    FB – CC               ICRA B+      128     Reaffirmed
Laser Fibers Pvt Ltd                    FB – TL               ICRA B+      17.2    Reaffirmed
Maa Bameswari Cold Storage Pvt          Long- term- Working   ICRA B       9.4
Ltd                                     Capital loan
(Issuer Not Cooperating)
Maa Bameswari Cold Storage Pvt          Long- term- TL        ICRA B       20
Ltd
(Issuer Not Cooperating)
Maa Bameswari Cold Storage Pvt          Long- term- BG        ICRA B       2.5
Ltd
(Issuer Not Cooperating)
Maa Bameswari Cold Storage Pvt          LT/ST unallocated     ICRA B       0.8
Ltd                                                           /ICRA A4
(Issuer Not Cooperating)
Matrix Security And                     Fund Based            ICRA BBB-    180     Reaffirmed
Surveillance Pvt Ltd
Matrix Security And                     Non Fund Based        ICRA BBB-    100     Reaffirmed
Surveillance Pvt Ltd
Matrix Security And                     Unallocated           ICRA BBB-    520     Reaffirmed
Surveillance Pvt Ltd
Mody Education Foundation               LT Fund Based – TL    ICRA BBB+    180     Reaffirmed
(Formerly Known As Mody
Institute Of Education And Research)
Murlidhar Tex Prints Pvt Ltd            Fund based-TL/CC      ICRA B       68.6    Withdrawn
Murlidhar Tex Prints Pvt Ltd            Unallocated Limits    ICRA B       17.2    Withdrawn
Muzaffarpur Municipal                   Issuer rating         ICRA BB      -       Withdrawn
Corporation
(Issuer Not Cooperating)
Muzaffarpur Municipal                   Issuer rating         ICRA BB      -       Withdrawn
Corporation
(Issuer Not Cooperating)
Nevatia Steel & Alloys Pvt Ltd          LT fundbased limit    ICRA B-      5
(Issuer Not Cooperating)
Nevatia Steel & Alloys Pvt Ltd          Unallocated limit     ICRA         15.4
                                                              B-/ICRA A4
(Issuer Not Cooperating)
Nitte Education Trust                   LT-Overdraft Facility ICRA A+      300     Reaffirmed
Nitte Education Trust                   Unallocated           ICRA A+      268     Reaffirmed
                                                              /ICRA A1+            /upgraded
                                                                                   from ICRA A1
Orient Packaging                        Fund based-CC         ICRA BB      60      Withdrawn
Orinda Granito Llp                      TL                    ICRA B+      165     Upgraded
                                                                                   from ICRA B
Orinda Granito Llp                      CC                    ICRA B+      80      Upgraded
                                                                                   from ICRA B
Perumal Spinning Mills Pvt Ltd          LT – TL               ICRA B+      28.5
(Issuer Not Cooperating)
Perumal Spinning Mills Pvt Ltd          LT – Fund based       ICRA B+      117.5
                                        Facility
(Issuer Not Cooperating)
Perumal Spinning Mills Pvt Ltd          LT/ ST Un Allocated   ICRA B+      1.5
                                        Limited               /ICRA A4
(Issuer Not Cooperating)
Petal Motocon Pvt. Ltd.                 Fund based –          ICRA B-      100
                                        Inventory Funding
                                        Limits
(Issuer Not Cooperating)
Planet Automotive Pvt. Ltd.             Fund based – CC       ICRA B-      170
(Issuer Not Cooperating)
Planet Automotive Pvt. Ltd.             Fund based –          ICRA B-      140
                                        Inventory Funding
                                        Limits
(Issuer Not Cooperating)
Powertech Engineers                     Fund based – CC       ICRA BB      50      Reaffirmed
Prime Lumbers Pvt. Ltd.                 Fund based-CC         ICRA B-      32.5
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Pune Solapur Expressways Pvt            NCD Programme         ICRA A(SO)   7755    Reaffirmed
Ltd
Pune Solapur Expressways Pvt            TL                    ICRA A(SO)   2000    Reaffirmed
Ltd
Rameswar Udyog Pvt Ltd                  Fund based-CC         ICRA B+      -
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Rameswar Udyog Pvt Ltd                  Fund based-TL         ICRA B+      340
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Reliance Home Finance                   PTC Series A          Provisional  2728.4  Assigned
Ltd-Indian Receivables Trust                                  ICRA AAA(SO)
2018 Series 3
Reva Proteins Ltd                       LT-Fund based- CC     ICRA BBB+    81.4    Reaffirmed
                                                              (SO)
Reva Proteins Ltd                       LT-Fund based         ICRA BBB+    -       Reaffirmed
                                        (sublimit)            (SO)
Reva Proteins Ltd                       ST – Non-fund based   ICRA BBB+    431020  Reaffirmed
                                                              (SO)
Robo Equipments And Forgings            Fund Based – TL       -            0       -
Pvt Ltd
Robo Equipments And Forgings            Fund Based – CC       ICRA B+      120     Reaffirmed
Pvt Ltd
Robo Equipments And Forgings            Non Fund Based        ICRA B+      10      Reaffirmed
Pvt Ltd
Robo Equipments And Forgings            Unallocated           ICRA B+      70      Reaffirmed
Pvt Ltd                                                       /ICRA A4
Samkit Diamond Export Pvt Ltd           LT and ST FB limits   ICRA B/ICRA  80
                                                              A4
(Issuer Not Cooperating)
Samkit Diamond Export Pvt Ltd           Unallocated limit     ICRA B/ICRA  10.2
                                                              A4
(Issuer Not Cooperating)
Samkit Diamond Export Pvt Ltd           Interchangeable limit ICRA B/ICRA  -
                                                              A4
(Issuer Not Cooperating)
Samrat Sea Brines Pvt Ltd               Term - Loan           ICRA D       42.5
(Issuer Not Cooperating)
Samrat Sea Brines Pvt Ltd               CC                    ICRA D       27.5
(Issuer Not Cooperating)
Samrat Sea Brines Pvt Ltd               Unallocated Limits    ICRA D       40
(Issuer Not Cooperating)
Saraswati Sugar Mills Ltd               FB - Working Capital  ICRA A-      1866.5  Reaffirmed
                                        Fac
Saraswati Sugar Mills Ltd               Unallocated Limits    ICRA A-      538.5   Reaffirmed
Satya Microcapital                      PTC Series A1         ICRA A-(SO)  -       upgraded
Ltd.-Missandei Ifmr Capital                                                        from ICRA
2017                                                                               BBB+(SO)
Satya Microcapital                      PTC Series A2         ICRA         -       upgraded
Ltd.-Missandei Ifmr Capital                                   BBB+(SO)             from ICRA
2017                                                                               BBB(SO)
Satya Microcapital                      PTC Series A1         ICRA A(SO)   -       Reaffirmed
Ltd.-Northern Arc 2018 Mfi
Atticus
Satya Microcapital                      PTC Series A2         ICRA         -       Reaffirmed
Ltd.-Northern Arc 2018 Mfi                                    BBB+(SO)
Atticus
Satya Microcapital                      PTC Series A2         ICRA A-(SO)  -       upgraded
Ltd.-Northern Arc 2018 Mfi                                                         from ICRA
Donna                                                                              BBB+(SO)
Satya Microcapital                      PTC Series A1         ICRA A+(SO)  -       upgraded
Ltd.-Northern Arc 2018 Mfi                                                         from ICRA
Donna                                                                              A(SO)
Satya Microcapital                      PTC Series A3         ICRA BBB(SO) -       upgraded
Ltd.-Northern Arc 2018 Mfi                                                         from ICRA
Donna                                                                              BBB-(SO)
Satya Microcapital                      PTC Series A1         ICRA A+(SO)  -       upgraded
Ltd.-Vivriti Aleta 001 2017                                                        from ICRA
                                                                                   A-(SO)
Satya Microcapital                      PTC Series A2         ICRA A+(SO)  -       upgraded
Ltd.-Vivriti Aleta 001 2017                                                        from ICRA
                                                                                   BBB(SO)
Savitri Polyesters Pvt Ltd              LT - CC               ICRA B       7
(Issuer Not Cooperating)
Savitri Polyesters Pvt Ltd              LT – TL               ICRA B       57.5
(Issuer Not Cooperating)
Savitri Weaving                         LT - CC               ICRA B+      6
(Issuer Not Cooperating)
Savitri Weaving                         LT – TL               ICRA B+      64.6
(Issuer Not Cooperating)
Sayaji Industries Ltd                   FB limits             ICRA BBB-    994     Withdrawn
Shah Technical Consultants Pvt          LT fund based Bk Fac  ICRA BB+     55
Ltd
Rating moved to the ‘(Issuer Not Cooperating)’ category
Shah Technical Consultants Pvt          LT non-fund based Bk  ICRA BB+     200
Ltd                                     Fac
Rating moved to the ‘(Issuer Not Cooperating)’ category
Shreeji Ceramic Industries              CC                    ICRA BB-     61      Assigned
Shreeji Ceramic Industries              TL                    ICRA BB-     20      Assigned
Shreeji Ceramic Industries              Unallocated limit     ICRA BB-     15.5    Assigned
Shriram Sepl Composites Pvt Ltd         LT-TL                 ICRA D       8
(Issuer Not Cooperating)
Shriram Sepl Composites Pvt Ltd         LT: Fund based - CC   ICRA D       50
(Issuer Not Cooperating)
Shriram Sepl Composites Pvt Ltd         LT: Non -FBL          ICRA D       70
(Issuer Not Cooperating)
Shriram Sepl Composites Pvt Ltd         LT: Un-allocated      ICRA D       2
                                        Limits
(Issuer Not Cooperating)
Sonata Finance Pvt Ltd                  LT Bk lines           ICRA BBB     5000
Sonata Finance Pvt Ltd                  NCD                   ICRA BBB     4210
Sonata Finance Pvt Ltd                  Subordinated debt     ICRA BBB     150
Sri Shyam Agro Traders                  Fund based-Bills      ICRA B+      100     Reaffirmed
                                        discounting
removed from (Issuer Not Cooperating) category
Sri Shyam Agro Traders                  Unallocated           ICRA B+      50      Reaffirmed
                                                              /ICRA A4
removed from (Issuer Not Cooperating) category
Stic-On Papers Pvt Ltd                  LT - Fund Based TL    ICRA BB-     17.2
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Stic-On Papers Pvt Ltd                  LT - Fund Based/ CC   ICRA BB-     60
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Stic-On Papers Pvt Ltd                  LT / ST - Unallocated ICRA BB-/A4  22.8
Rating continues to remain under ‘(Issuer Not Cooperating)’ category
Su Toll Road Pvt Ltd                    TL                    ICRA BBB+    5880
Reaffirmed
Su Toll Road Pvt Ltd                    NCD (NCD) Fund Based  ICRA BBB+    800
Reaffirmed
Subabhalaji Spinning Mills              LT fund based – CC    ICRA B       30
India Pvt Ltd
(Issuer Not Cooperating)
Subabhalaji Spinning Mills              LT-FB Fac – TL        ICRA B       111.5
India Pvt Ltd
(Issuer Not Cooperating)
Supertex Woven Industries               Fund Based - CC       ICRA BB      110     Withdrawn
Supertex Woven Industries               Unallocated Limit     ICRA BB      29.7    Withdrawn
                                                              /ICRA A4
Trinity Mahalasa Durga Sales            Fund based - CC LimitsICRA B+      45
And Services
Rating continues to remain in the ‘(Issuer Not Cooperating)’ category
Valencia Ceramic Pvt Ltd                Fund Based-CC         ICRA B+      40
(Issuer Not Cooperating)
Valencia Ceramic Pvt Ltd                Fund Based-TL         ICRA B+      32.3
(Issuer Not Cooperating)
Valencia Ceramic Pvt Ltd                Fund/Non-fund Based-  ICRA B+/A4   47.1
                                        Unallocated
(Issuer Not Cooperating)
Vikrant Extrusions                      Fund Based - CC       ICRA BB      50      Withdrawn
Acrysil Ltd                             FB CC/EPC/FBP         ICRA BBB+    620     Reaffirmed
Acrysil Ltd                             FB TL                 ICRA BBB+    210     Reaffirmed
Acrysil Ltd                             Unallocated Limits    ICRA BBB+    11.1    Reaffirmed
B.R. Guar Gum Pvt Ltd                   FB/CC                 ICRA B+      65
Issuer Not Cooperating Rating moved to Non-Cooperating Category
B.R. Guar Gum Pvt Ltd                   LT/ST Unallocated     ICRA B+ /    10
                                        limits                ICRA A4
Issuer Not Cooperating Rating moved to Non Cooperating Category
Belgaum Solar Power Pvt Ltd             Fund based – TL       ICRA A-      1200    Assigned
Belgaum Solar Power Pvt Ltd             Unallocated limits    ICRA A-      400     Assigned
Cosa Ceramics Pvt. Ltd.                 FB – CC               ICRA BBB     120^
revised from ICRA BBB+; ^Includes sublimit LC of Rs. 5.00 crore
Cosa Ceramics Pvt. Ltd.                 FB – TL               ICRA BBB     170.9
revised from ICRA BBB+
Cosa Ceramics Pvt. Ltd.                 Unallocated           ICRA BBB /   169.1
                                                              A3+
revised from ICRA BBB+ /A2
Dada Ganpati Guar Products              LT Fundbased- CC      ICRA BB-     160
Pvt. Ltd.
Issuer Not Cooperating; Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dada Ganpati Guar Products              LT Fundbased- TL      ICRA BB-     30
Pvt. Ltd.
Issuer Not Cooperating; Rating continues to remain in the ‘Issuer Not Cooperating’ category
Deekay Trexim India Pvt Ltd             FB/CC                 ICRA BB-     95
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dhareshwar Cotton Pvt Ltd               FB Limits             ICRA B       70.2
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Dhareshwar Cotton Pvt Ltd               LT Unallocated Limits ICRA B       18.8
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Dhariwal Infrastructure Ltd             TL                    ICRA BBB     31547.7 Reaffirmed
Divine Solutions Pvt Ltd                LT- FBL               ICRA B       60
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Dynamic Transmission Ltd                LT- Fundbased limits  ICRA BB+     60.9
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Dynamic Transmission Ltd                Unallocated Limits    ICRA BB+     19.1
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Eicher Motors Ltd                       LT FB Fac             ICRA AAA     450
Eicher Motors Ltd                       LT Unallocated        ICRA AAA     200
Eicher Motors Ltd                       LT/ST Non-FB Fac      ICRA AAA/    1150
                                                              ICRA A1+
Envee Drugs Pvt. Ltd.                   FB CC                 ICRA BB-     55      Reaffirmed
Farmico Commodities Ltd                 LT – FB - CC          ICRA B+      60
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
Farmico Commodities Ltd                 LT – Non-FB - BG**    ICRA B+      -
(Erstwhile Wadhwani
Commodities Trading Pvt. Ltd.)
** Sublimit of LC
Fashion Flare International             LT Fundbased/TL       ICRA B       20
Pvt Ltd
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Flock Sur India Pvt. Ltd.               LT Fundbased/CC       ICRA B+      100
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Gangar Opticians Pvt Ltd                LT FB -CC             ICRA BB+     90
Revised from ICRA BBB-
Gangar Opticians Pvt Ltd                LT FB -TL             ICRA BB+     30
Revised from ICRA BBB-
Gupta Solvent Pvt Ltd                   FB/CC                 ICRA B+      60
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Gupta Solvent Pvt Ltd                   FB/TL                 ICRA B+      35
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Hallmark Steel Pvt Ltd                  LT Fundbased/CC       ICRA BB-     66.6
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Hilltop Ceramic                         FB Limits             ICRA B+      54.2
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Iifl Wealth Finance Ltd                 NCD programme         ICRA AA      3000
outstanding
Iifl Wealth Finance Ltd                 Unsecured NCD         ICRA AA      6500
                                        programme
outstanding
Iifl Wealth Finance Ltd                 LT principal          PP-MLD ICRA  32500
                                        protected market      AA
                                        linked debenture programme
outstanding
Iifl Wealth Finance Ltd                 LT principal          PP-MLD ICRA  10000   Assigned
                                        protected market      AA
                                        linked debenture programme
Indian Commerce & Industries            TL                    ICRA BBB     96
Company Pvt Ltd
Issuer Not Cooperating; Rating Withdrawn
Indian Commerce & Industries            Long Tern Fund Based  ICRA BBB     45
Company Pvt Ltd
Issuer Not Cooperating; Rating Withdrawn
Indian Commerce & Industries            LT/ST Interchangeable ICRA BBB/    -
Company Pvt Ltd                                               ICRA A2
Issuer Not Cooperating; Rating Withdrawn
Inr Energy Ventures                     Fund based – TL       ICRA A-      1200    Assigned
Inr Energy Ventures                     Unallocated limits    ICRA A-      400     Assigned
Jayashree Polymers Pvt Ltd              FB – TL Limits        ICRA BBB-    121.2   Reaffirmed
Jayashree Polymers Pvt Ltd              FB – CC Limits        ICRA BBB-    275     Reaffirmed
Jayashree Polymers Pvt Ltd              Fund based/Non Fund   ICRA BBB- /  90      Reaffirmed
                                        based                 ICRA A3
Magnolia Martinique Clothing            FB limits             ICRA BB      150
Pvt Ltd
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Mamadapur Solar Pvt Ltd                 Fund based – TL       ICRA A-      600     Assigned
Mamadapur Solar Pvt Ltd                 Unallocated limits    ICRA A-      200     Assigned
Marudhara Polypack Pvt Ltd              FB/CC                 ICRA BB-     45
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Marudhara Polypack Pvt Ltd              FB/TL                 ICRA BB-     62.5
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Metal Ore                               FB Interchangeable -  ICRA B+      -       Reaffirmed
                                        CC**
** Sublimit of LC
Muktsar Cotton (P) Ltd.                 FB/CC                 ICRA B       100
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
N.B Hi-Tech Cold Storage                FB – TL               ICRA B-      84.3
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
N.B Hi-Tech Cold Storage                FB – CC               ICRA B-      25.1
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
N.B Hi-Tech Cold Storage                Non Fund based- LOC   ICRA B-      -
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Nicomet Industries Ltd                  LT Fund Based         ICRA D       1447.6
Issuer Not Cooperating Rating continues to remain under ‘Issuer Not Cooperating’ category
Nicomet Industries Ltd                  LT & ST Unallocated   ICRA D       52.4
                                        amount
Issuer Not Cooperating Rating continues to remain under ‘Issuer Not Cooperating’ category
Pacific Garments Pvt. Ltd.              LT Fundbased          ICRA D       49.7
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pacific Garments Pvt. Ltd.              ST Non FB             ICRA D       37.5
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Pan Agri Export                         FBL                   ICRA BBB-    360
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Pan Agri Export                         Unallocated Limits    ICRA BBB-/   104
                                                              A3
Issuer Not Cooperating Rating moved to the ‘Issuer Not Cooperating’ category
Primo Pick N. Pack Pvt.                 LT- Fund Based        ICRA BB+     100     Reaffirmed
Ltd.Primo Pick N. Pack Pvt.
Ltd. (Erstwhile Primo Pick N Pack Ltd)
Repute Foods Pvt. Ltd.                  Term - Loan           ICRA B       19.2
Issuer Not Cooperating; Rating moved to ‘Issuer Not Cooperating’ category
Repute Foods Pvt. Ltd.                  CC                    ICRA B       40
Issuer Not Cooperating; Rating moved ‘Issuer Not Cooperating’ category
Repute Foods Pvt. Ltd.                  Unallocated Limits    ICRA B       70.8
Issuer Not Cooperating; Rating moved to ‘Issuer Not Cooperating’ category
S. K. Exports (Lower Parel)             Fund Based – Export   ICRA BB-     136
                                        Packing
                                        Credit/Packing Credit in Foreign Currency
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
S. K. Exports (Lower Parel)             Unallocated limits    ICRA BB-/    4
                                                              ICRA A4
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Sakthi Auto Motors Ltd                  LT - FBL              ICRA BB+(SO) 100     Reaffirmed
Sakthi Auto Motors Ltd                  LT – TL               ICRA BB+(SO) 150     Reaffirmed
Saurabh Agrotech Pvt Ltd                FB/CC                 ICRA BB      330
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Saurabh Agrotech Pvt Ltd                FB/TL                 ICRA BB      8.2
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shrivardhman Milk Dairy Pvt Ltd         LT Fundbased/CC       ICRA B+      33
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Shrivardhman Milk Dairy Pvt Ltd         LT Fundbased/TL       ICRA B+      24.5
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Skipperseil Ltd                         LT Fund based CC      ICRA D       230
revised from ICRA BB+
Skipperseil Ltd                         LT Fund based TL      ICRA D       350
revised from ICRA BB+
Skipperseil Ltd                         Long/ST Non-Fund basedICRA D       1614.8
revised from ICRA BB+/ICRA A4
Skipperseil Ltd                         Long/ST Unallocated   ICRA D       20.8
revised from ICRA BB+/ICRA A4
Surya Automobiles Pvt Ltd               LT Fundbased/CC       ICRA B+      40
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Surya Automobiles Pvt Ltd               LT Fundbased/TL       ICRA B+      20
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Swati Ornaments                         FB/CC                 ICRA B       65
Issuer Not Cooperating Rating continues to remain in the ‘Issuer Not Cooperating’ category
Synnova Ceramic Pvt. Ltd.               Term - Loan           ICRA B-      34.3
Issuer Not Cooperating; Rating continues to remain under to ‘Issuer Not Cooperating’ category
Synnova Ceramic Pvt. Ltd.               CC                    ICRA B-      25
Issuer Not Cooperating; Rating continues to remain under ‘Issuer Not Cooperating’ category
Tata Sons Pvt Ltd                       NCD Programme         ICRA AAA     -       Withdrawn
Tata Sons Pvt Ltd                       NCD Programme         ICRA AAA     265100  outstanding
Tightwell Fastners                      LT- CC                ICRA BB      50
Issuer Not Cooperating Rating moved to Non-Cooperating Category
Tightwell Fastners                      LT- TL                ICRA BB      20
Issuer Not Cooperating Rating moved to Non-Cooperating Category
Tightwell Fastners                      Unallocated Limits    ICRA BB      10
Issuer Not Cooperating Rating moved to Non-Cooperating Category
Virginia Developers Pvt Ltd             Fund Based – TL       ICRA BB      -       Withdrawn
--------------------------------------------------------------------------------------------
$: 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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