November 21, 2018 / 10:43 AM / 2 months ago

RPT-ICRA ratings for Indian debt instruments-Nov 21

 (Repeating to add more ratings)
   Nov 21 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 20, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ankit International                     ST Non-FBL            ICRA A4      450     Reaffirmed
Arush Industries                        ST Non-FBL            ICRA A3      400     -
Reason for delay in carrying out periodic review: 
- (Issuer not cooperating)
Bhanu Construction                      Non-fund based – BG   ICRA A3      350     Assigned
Chennai Petroleum Corporation           CP                    ICRA A1+    60000   Reaffirmed
Ltd
Fujikawa Power                          ST Non-FBL            ICRA A3      50      -
Reason for delay in carrying out periodic review: - (Issuer not cooperating)
G. M. Exports                           LOC                   ICRA A4      15      -
(Issuer not cooperating)
G. M. Exports                           BG                    ICRA A4      50      -
(Issuer not cooperating)
Geon International                      ST Non-FBL            ICRA A3      15      -
(Issuer not cooperating)
Il & Fs Securities Services Ltd         ST Bk lines           ICRA A2&     0       revised from
                                                                                   ICRA A1+&
ratings remain under watch with developing implications
Okaya Power Pvt Ltd                     ST Non-FBL            ICRA A3      190     -
(Issuer not cooperating)
P. S. Steel Tubes Ltd                   Non-fund based-       ICRA A3+     370     Reaffirmed
                                        Working Capital 8 Fac
Som Distilleries & Breweries            Non-fund Based - BG   ICRA A2+     180     Assigned
Ltd
Sunoxx International                    ST Non-FBL            ICRA A4+     30      -
(Issuer not cooperating)


LONG TERM RATINGS:
-------------------
Ankit International                     LT FB Limits - CC     ICRA B               Reaffirmed
Ankit International                     LT/ST Unallocated     ICRA B/ICRA  5       Reaffirmed
                                        Limits                A4
Arush Industries                        LT: Fund Based        ICRA BBB-    160     -
Reason for delay in carrying out periodic review: - (Issuer not cooperating)
Bhanu Construction                      Fund based – CC       ICRA BBB-    100     Assigned
Bhanu Construction                      Unallocated limits    ICRA BBB-    400     Assigned
                                                              /ICRA A3
Bharat Financial Inclusion              PTC Series A1         Provisional  1999.8  Assigned
Ltd-Indian Microfinance Loan                                  ICRA AA(SO)
Receivables Trust November 2018 B
Bodhre Dhule Highway Pvt Ltd            Proposed TL           Provisional  3000    Withdrawn
                                                              ICRA B
Bodhre Dhule Highway Pvt Ltd            Proposed Non-FBL      Provisional  1080    Withdrawn
                                                              ICRA B
Fujikawa Power                          LT: Fund Based        ICRA BBB-    160     -
Reason for delay in carrying out periodic review: - (Issuer not cooperating)
G. M. Exports                           CC                    ICRA BB      20      -
(Issuer not cooperating)
G. M. Exports                           Channel Financing     ICRA BB      180     -
                                        Limits
(Issuer not cooperating)
G. M. Exports                           LT/ ST Proposed limitsICRA BB /    40      -
                                                              ICRA A4
(Issuer not cooperating)
Geon International                      LT: Fund Based        ICRA BBB-    80      -
(Issuer not cooperating)
Hi-Tech Frozen Facilities Pvt           LT fundbased limits   ICRA B       118     -
Ltd
(Issuer not cooperating)
Il & Fs Securities Services Ltd         CP programme          -            30      Withdrawn
Kaya Knits                              LT fundbased limits   ICRA B       99      -
(Issuer not cooperating)
Kaya Knits                              Unallocated limits    ICRA B       1       -
                                                              /ICRA A4
(Issuer not cooperating)
Kogta Financial India Ltd               PTC Series A1         Provisional  249.7   Assigned
                                                              ICRA A(SO)
Kogta Financial India Ltd               PTC Series A3         Provisional  29      Assigned
                                                              ICRA BB-(SO)
Kogta Financial India Ltd               PTC Series A2         Provisional  11.6    Assigned
                                                              ICRA BBB(SO)
Krishna Natural Fibre Pvt Ltd           CC                    ICRA B       89      -
(Issuer not cooperating)
Krishna Natural Fibre Pvt Ltd           TL Trust Name Trust   ICRA B       10.5    -
                                        Name Trust Name
(Issuer not cooperating)
L&T Bpp Tollway Ltd                     Fund Based - TL CP    ICRA BBB-    18540^  Withdrawn
                                        programme
^Rating withdrawn
Mail Order Solutions (India)            Fund based- CC        ICRA D       220     -
Pvt Ltd
Reason for delay in carrying out periodic review: - (Issuer not cooperating)
Mail Order Solutions (India)            Fund based – TL       ICRA D       55      -
Pvt Ltd
Reason for delay in carrying out periodic review: - (Issuer not cooperating)
Okaya Power Pvt Ltd                     LT: Fund Based        ICRA BBB-    380     -
(Issuer not cooperating)
P. S. Steel Tubes Ltd                   Fund based- TL        ICRA BBB     300.3   Reaffirmed
P. S. Steel Tubes Ltd                   Fund based- Working   ICRA BBB     780     Reaffirmed
                                        Capital Fac
P. S. Steel Tubes Ltd                   Fund based-           ICRA BBB     25.4    Reaffirmed
                                        Unallocated Limit
Som Distilleries & Breweries            Fund Based - Working  ICRA BBB+    280     Assigned
Ltd                                     Capital
Som Distilleries & Breweries            Fund Based - TL       ICRA BBB+    350     Assigned
Ltd
Som Distilleries & Breweries            Unallocated           ICRA BBB+    40      Assigned
Ltd
Som Distilleries & Breweries            Issuer Rating         ICRA BBB+    -       Assigned
Ltd
Spica Projects And                      FB - CC               ICRA BB      48.7    Assigned
Infrastructures Pvt. Ltd.
Spica Projects And                      FB - TL (Equipment    ICRA BB      5.7     Assigned
Infrastructures Pvt. Ltd.               Finance)
Spica Projects And                      Non-fund Based- BG    ICRA BB /    288.5   Assigned
Infrastructures Pvt. Ltd.                                     ICRA A4+
Sunoxx International                    LT: Fund Based        ICRA BB+     80      -
(Issuer not cooperating)
--------------------------------------------------------------------------------------------
$: 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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