November 20, 2018 / 11:21 AM / in 2 months

RPT-ICRA ratings for Indian debt instruments-Nov 20

 (Repeating to add additional ratings as of November 19, 2018)
    Nov 20 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 19, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Assorted Plastics Pvt Ltd               Non Fund Based        ICRA A4+     5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Cesc Ltd                                CP                    ICRA A1+     13000
Review process is underway
Chambal Fertilisers Amp;                CP                    ICRA A1+     30000   Reaffirmed
Chemicals Ltd
Clean Max Enviro Energy                 ST - Non-FBL          ICRA A2      1950    Reaffirmed
Solutions Pvt. Ltd.
Haldia Energy Ltd                       CP                    ICRA A1+     4500
Review process is underway
Jumbo Roofings And Tiles                LOC**                 ICRA A4
Rating continues to remain under ‘Issuer Not Cooperating’ category; ** The LC limit of Rs 2.50
crore is sanctioned as a sublimit with 100% interchangeability with the cash credit limit of Rs
9 crore 
K. R. Anand                             Fund based – Bill     ICRA A4      5
                                        Discounting
Rating moved to ‘Issuer Not Cooperating’ category
K. R. Anand                             Non-FB – BG           ICRA A4      510
Rating moved to ‘Issuer Not Cooperating’ category
K. R. Anand                             Non-FB - LOC          ICRA A4      5
Rating moved to ‘Issuer Not Cooperating’ category
Kapiraj Creation Pvt. Ltd.              Non-fund based- BG    ICRA A4      3.5
Issuer Not Cooperating; Withdrawn
Karolia Lighting Pvt Ltd                Non-FB Limits         ICRA A4      25      Withdrawn
Kwality Foundry Industries              Non Fund Based –      ICRA A4      20
                                        BG/LOC
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kwality Foundry Industries              Untied Limits         ICRA A4      3.1
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lagnam Spintex Ltd                      ST— FB                ICRA A3      10      outstanding
Lagnam Spintex Ltd                      ST— Non FB 1.53       ICRA A3      15.3    outstanding
Mhs Infratech Pvt. Ltd.                 Non-FB Fac – BG/LC    ICRA A4+     200     Assigned
Milestones Engineering Pvt Ltd          Non-FBL               ICRA A4      52.5    Withdrawn
Milestones Switchgears Pvt Ltd          Non-FB limits         ICRA A4      52.5    Withdrawn
Prabha Industries                       ST – Non-fund based – ICRA A3+     220     Reaffirmed
                                        BG
Rissala Products Pvt Ltd                Non-fund Based        ICRA A4      20
Rating moved to the ‘Issuer Not Cooperating’ category
Sanghi Industries Ltd                   Non-FBL               ICRA A1      150     Outstanding
Sudiva Spinners Pvt Ltd                 ST non-fund based Bk  ICRA A3+     116     Reaffirmed
                                        Fac
Sudiva Spinners Pvt Ltd                 ST FB Bk Fac          ICRA A3+     150     Reaffirmed

LONG TERM RATINGS:
-------------------
3B Films Pvt. Ltd.                      Fund based- CC        ICRA B       80
Issuer Not Cooperating; Withdrawn
3B Films Pvt. Ltd.                      Fund based- TL        ICRA B       315
Issuer Not Cooperating; Withdrawn
Assorted Plastics Pvt Ltd               Fund Based – TL       ICRA BB+     54.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Assorted Plastics Pvt Ltd               Fund Based- CC        ICRA BB+     26.8
Rating continues to remain under ‘Issuer Not Cooperating’ category
Clean Max Enviro Energy                 LT – NCD Programme    ICRA BBB+    620     Reaffirmed
Solutions Pvt. Ltd.
Clean Max Enviro Energy                 LT - TL               ICRA BBB+    1637.4  Reaffirmed
Solutions Pvt. Ltd.
Clean Max Enviro Energy                 LT- Proposed Limits   ICRA BBB+    998.1   Reaffirmed
Solutions Pvt. Ltd.
Harekrushna Cottex                      FB limits             ICRA B+      57.2
Rating moved to ‘Issuer Not Cooperating’ category
Harekrushna Cottex                      Unallocated limits    ICRA B+      2
                                        Amount
Rating moved to ‘Issuer Not Cooperating’ category
Jumbo Roofings And Tiles                CC                    ICRA BB      90
Rating continues to remain under ‘Issuer Not Cooperating’ category
Jumbo Roofings And Tiles                Stand by Line of      ICRA BB      9
                                        Credit
Rating continues to remain under ‘Issuer Not Cooperating’ category
Jumbo Roofings And Tiles                Untied Limits         ICRA BB      49
Rating continues to remain under ‘Issuer Not Cooperating’ category
K. R. Anand                             FB – CC               ICRA BB-     107.5
Rating moved to ‘Issuer Not Cooperating’ category
K. R. Anand                             FB – Overdraft        ICRA BB-     37
Rating moved to ‘Issuer Not Cooperating’ category
Kapiraj Creation Pvt. Ltd.              Fund based- CC        ICRA BB-     42.5
Issuer Not Cooperating; Withdrawn
Kapiraj Creation Pvt. Ltd.              Fund based- TL        ICRA BB-     86.6
Issuer Not Cooperating; Withdrawn
Karolia Lighting Pvt Ltd                FB Limits             ICRA BB-     75      Withdrawn
Khandwala Enterprise Pvt. Ltd.          Fund/Non Fund based-  ICRA BB/A4+  500     Withdrawn
                                        unallocated limit
Kwality Foundry Industries              Fund Based – CC       ICRA B+      76.9
Rating continues to remain under ‘Issuer Not Cooperating’ category
Lagnam Spintex Ltd                      LT— FB                ICRA BBB-    1490.6
outstanding/ Assigned
Maben Nidhi Ltd                         LT Bk Fac - CC        ICRA BBB-    500     Reaffirmed
Merittrac Services Pvt Ltd              FB – CC               ICRA BBB+    250     Reaffirmed
Merittrac Services Pvt Ltd              Non-fund based- BG    ICRA BBB+    -200    Reaffirmed
                                        (sub-limit)
Merittrac Services Pvt Ltd              Non-fund based- LOC   ICRA         -50     Reaffirmed
                                        (sub-limit)           BBB+/ICRA
                                                              A2+
Mhs Infratech Pvt. Ltd.                 FB Fac – CC/Others**  ICRA BB+     100     Assigned
** Contains Rs. 10.00 crore interchangeability with Non Fund Based limit
Micro Precision                         CC                    ICRA B+      32.5    Withdrawn
Micro Precision                         TL                    ICRA B+      35      Withdrawn
Micro Precision                         Unallocated           ICRA B+      7.5     Withdrawn
Milestones Engineering Pvt Ltd          FB limits             ICRA B+      12      Withdrawn
Milestones Switchgears Pvt Ltd          FB limits             ICRA BB-     17.5    Withdrawn
Milestones Switchgears Pvt Ltd          Unallocated limits    ICRA BB-     2.5     Withdrawn
Pandoul Flour Mills Pvt Ltd             Bk Fac                ICRA BB- /   131.5
                                                              ICRA A4
Review process is underway
Pibco Enterprises Pvt. Ltd.             Fund Based – CC       ICRA BB-     60
Rating continues to remain under ‘Issuer Not Cooperating’ category
Pibco Enterprises Pvt. Ltd.             Fund Based – CC       ICRA BB-     60
Rating continues to remain under ‘Issuer Not Cooperating’ category
Prabha Industries                       LT– Fund based - TL   ICRA BBB     81.1    Reaffirmed
Prabha Industries                       LT – Fund based - CC  ICRA BBB     20      Reaffirmed
Rissala Products Pvt Ltd                FB - Working Capital  ICRA B       30
Rating moved to the ‘Issuer Not Cooperating’ category
Rissala Products Pvt Ltd                FB - TL               ICRA B       50
Rating moved to the ‘Issuer Not Cooperating’ category
Sanghi Industries Ltd                   NCD Programme (NCD)   ICRA A       2580    Outstanding
Sanghi Industries Ltd                   TL                    ICRA A       2000    Outstanding
Sanghi Industries Ltd                   FBL                   ICRA A       2100**
Assigned/ Outstanding; ** Includes Rs. 25 crore interchangeability with non-fund based limits
Shanti Educational Trust                Fund Based – TL       ICRA D       71
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ss Corporate Securities Ltd             LT/ST FB/nonFB Bk     ICRA BB/A4+  600     Reaffirmed
                                        lines
Sudiva Spinners Pvt Ltd                 LT FB Bk Fac          ICRA BBB     3454.7  Reaffirmed
Sundaram Finance Ltd- Shri              PTC Series A          ICRA AAA     5022.6
Trust X 2019                                                  (SO)
Provisional confirmed as final
Techno India                            Fund Based – TL       ICRA D       90
Rating continues to remain under ‘Issuer Not Cooperating’ category
Techno India                            Fund Based- CC        ICRA D       160
Rating continues to remain under ‘Issuer Not Cooperating’ category
Aqua Developers                         Non submission of     -           -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
A. K. L. Infracon Pvt Ltd               Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Akal Information Systems Ltd            Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Asiatic Colour Chem Industries          Non submission of     -          -       -
Ltd                                     monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Bellona Paper Mill Pvt Ltd              Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Bhuvaneswari Tex                        Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Gaursons Realty Pvt Ltd                 Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Grospinz Fabz Ltd                       Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Hajipur Municipal Council               Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Hindustan Cotton Spinning Mills         Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Jai Bhole Steel Tubes Pvt Ltd           Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Krish Cereals Pvt. Ltd                  Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Krishnendu Bhakta                       Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Mahalaxmi Technocast Ltd                Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Maheshwar Refoils Pvt. Ltd              Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Mohan Rao And Company                   Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Our Co. Infrastructure                  Non submission of     -          -       -
Developers Pvt Ltd                      monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Payal International Ltd                 Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
R.S. Ajit Singh &                       Non submission of     -          -       -
Co.(Automotives) Pvt. Ltd               monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Radheshyam Cottex                       Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Radiant Energy Solutions Pvt.           Non submission of     -          -       -
Ltd                                     monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Reliance Power Ltd                      Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Rosa Power Supply Co. Ltd               Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Royal Power Turnkey Implements          Non submission of     -          -       -
Pvt Ltd                                 monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Satnaam Stone Crushers Pvt Ltd          Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Texture Clothing Company                Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Vidarbha Industries Power Ltd           Non submission of     -          -       -
                                        monthly ‘No Default
                                        Statement
Rating moved to the (Issuer Not Cooperating) category
Vijay Builders & Constructions          Non submission of     -          -       -
Pvt Ltd                                 monthly ‘No Default
                                        Statement
Rating moved to the (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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