November 29, 2018 / 10:57 AM / 6 months ago

RPT-ICRA ratings for Indian debt instruments-Nov 29

 (Repeating to add more ratings.)
    Nov 29 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 28, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aksh Optifibre Ltd                      NFBL                  ICRA]A3      1050    -
(Reason for delay in carrying out periodic review:-Review process is underway)
Acme Formulationspvt Ltd                Non-FB Fac            ICRA A3+     50      -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Akash Enterprises                       ST –Non-fund based    ICRA A4      55      -
(Reason for delay in carrying out periodic review: Review process is underway)
Aksh Optifibre Ltd                      NFBL                  ICRA A3      1050    -
(Reason for delay in carrying out periodic review:-Review process is underway)
Biop Steels & Power Pvt Ltd             ST –Non FB Fac        ICRA A4      145     -
(Rating continues to remain in the Issuer Not Cooperating category)
Calsea Footwear Pvt Ltd                 Non-fund based        ICRA A3      90      Reaffirmed
                                        facility
Calsea Footwear Pvt Ltd                 Fund based facility   ICRA A3      -       Reaffirmed
                                        (sub-limit)
Emmennar Pharma Pvt Ltd                 Non-FBL               ICRA A3+     53      -
(Rating continues to remain under Issuer Not Cooperating category)
Forbes Technosys Ltd                    ST non-FBL            ICRA A1+     320     outstanding
Forbes Technosys Ltd                    NCD Programme         ICRA A1+     350     outstanding
Forbes Technosys Ltd                    NCD Programme         ICRA A1+     250     outstanding
Hindusthan Calcined Metals Pvt          ST –FB Fac            ICRA A4      40      -
Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Kohli Industries                        ST: Fund              ICRA A4      -       Withdrawn
                                        based–Packing Credit
Kohli Industries                        ST: Non fund based –LCICRA A4      -       Withdrawn
Kohli Industries                        ST: Non fund based –BGICRA A4      -       Withdrawn
Mira Exim Ltd                           FBL                   ICRA A4+     432     -
(Reason for delay in carrying out periodic review : Info and fee not provided)
Poonam Roller Flour Mill Pvt            ST Non-Fund Based     ICRA A4      65      -
Ltd
(Reason for delay in carrying out periodic review:-Review process is underway)
S. D. Corporation Pvt Ltd               CP                    ICRA A1+(SO) 11100   Reaffirmed
(Placed under rating watch with developing implications)
S. D. Corporation Pvt Ltd               CP                    Provisional  600     Reaffirmed
                                                              ICRA A1+(SO)
(Placed under rating watch with developing implications)
Samhi Hotels (Gurgaon)Pvt Ltd           FB Bk Fac (Overdraft) ICRA A3      50      -
(Reason for delay in carrying out periodic review:Review is underway)
Shiga Energy Pvt Ltd                    ST-NFBL               ICRA A4      49.5    -
(Reason for delay in carrying out periodic review: -Issuer not cooperating)
T.K. International Ltd                  ST/Non Fund Based     ICRA A4      5       -
(Rating continuesto remain in the Issuer Not Cooperating category)
Triton Hotels And Resorts Pvt           FB Bk Fac (Overdraft) ICRA A2      130     -
Ltd
(Reason for delay in carrying out periodic review:Review is underway)
Vidushi Wirespvt Ltd                    ST: FB –Packing       ICRA A4+     -       Assigned
                                        credit cum Post
                                        -shipment Credit^
^(sublimit underCash Credit)
Vidushi Wirespvt Ltd                    ST: Non-FB–LOC        ICRA A4+     100     Assigned
Vijayshree Electromech Pvt Ltd          Non Fund based-BG     ICRA A4      19.8    -
(Rating continues to remain under Issuer Not Cooperating category)
Vikamshi Fabrics Pvt Ltd                Non-FBL               ICRA A4+     7.5     -
(Rating continues to remain in theIssuer Not Cooperating category)
Yes Bank Ltd                            ST Fixed Deposit      ICRA A1+     -       outstanding
                                        Programme
Yes Bank Ltd                            CD Programme          ICRA A1+     200000  outstanding



MEDIUM TERM RATINGS:
-------------------
Bilcare Ltd                             Fixed Deposit         MC           1250    -
                                        Programme
(Reason for delay in carrying out periodic review-Issuer delayed in giving information)



LONG TERM RATINGS:
-------------------
Acme Formulationspvt Ltd                TL                    ICRA BBB     281     -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Acme Formulationspvt Ltd                CC Fac                ICRA BBB     100     -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Acme Formulationspvt Ltd                Non-FB Fac            ICRA BBB     29      -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Acme Generics Llp                       TL                    ICRA BBB     750     -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Acme Generics Llp                       CC Fac                ICRA BBB     100     -
(Reason for delay in carrying out periodic review:-Review process is underway; it is expected to
completed soon)
Akash Enterprises                       LT-FB Fac             ICRA BB-     60      -
(Reason for delay in carrying out periodic review:Review process is underway)
Aksh Optifibre Ltd                      Fund based CC         ICRA BBB-    600     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Aksh Optifibre Ltd                      TL                    ICRA BBB-    270     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Alumilite Architecturals Pvt            BLR                   ICRA D       70      -
Ltd
(Reason for delay in carrying out periodic review-Issuer not cooperating)
Babanraoji Shindesugar And              Fund Based-Cash Credi ICRA C       1100    -
Allied Industries Ltd
(Reason fordelay in carrying out periodic review:-Issuer not cooperating)
Bengal Shapoorji Housing                TL                    ICRA AA-&    2000    Downgraded
Development Pvt Ltd                                                                from ICRA AA
& Rating watch with developing implications
Biop Steels & Power Pvt Ltd             LT –FB Fac            ICRA B+      190     -
(Rating continues to remain in the Issuer Not Cooperating category)
Calsea Footwear Pvt Ltd                 Fund based facility   ICRA BBB-    200     Reaffirmed
Emmennar Pharma Pvt Ltd                 FB limits             ICRA BBB     400     -
(Rating continues to remain under Issuer Not Cooperating category)
Emmennar Pharma Pvt Ltd                 Unallocated limits    ICRA BBB/A3+ 239.5   -
(Rating continues to remain under Issuer Not Cooperating category)
Floreat Investments Ltd                 NCDs                  ICRA AA-&    2000    Downgraded
                                                                                   from ICRA AA
& Rating watch with developing implications
Forbes Technosys Ltd                    LT-Loans              ICRA A+      390     outstanding
Forbes Technosys Ltd                    LT FB Limits          ICRA A+      480     outstanding
Forbes Technosys Ltd                    LT-Loan               ICRA A+&     200     Downgraded
                                                                                   from ICRA AA-
&: Rating under Watch with Developing Implications
Galina Consultancy Services             NCDs                  ICRA AA-&    3000    Downgraded
Pvt Ltd                                                                            from ICRA AA
& Rating watch with developing implications
Genuine Asset Operators Pvt Ltd         Long-TL               ICRA BBB-    1750    Withdrawn
Gokak Power & Energy Ltd                TL                    ICRA BBB+&   860     Downgraded
                                                                                   from ICRA A-
&: ratings watch with developing implications
Grand View Estates Pvt Ltd              NCDs                  ICRA AA-&    6000    Downgraded
                                                                                   from ICRA AA
& Rating watch with developing implications
High Point Properties Pvt Ltd           NCDs                  ICRA AA-     4250    Downgraded
                                                                                   from ICRA AA
Hindusthan Calcined Metals Pvt          LT –FB Fac            ICRA B-      80      -
Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Jagrut Motors Pvt Ltd                   Bk Loan Rating        ICRA BB-     148.1   -
(Reason for delay in carrying out periodic review-Issuer delayed in giving information)
Kalra Overseas & Precision              Bk Loan Rating        ICRA BB/A4   181.2   -
Engineering Ltd
(Reason for delay in carrying out periodic review-Issuer delayed in giving information)
Kohli Industries                        LT: Fund based –CC    ICRA BB-     100     Withdrawn
Krishna Enterprises                     Bk Loan Rating        ICRA B+/A4   250     -
(Reason for delay in carrying out periodic review–Issuer delayed in giving information)
Leapfrog Engineering Services           LT-FB Fac             ICRA C       60      -
Pvt Ltd
(Reason for delay in carrying out periodic review:Issuer not cooperating)
Leapfrog Engineering Services           LT–Non-fund based     ICRA C       40      -
Pvt Ltd
(Reason for delay in carrying out periodic review:Issuer not cooperating)
Lucknow Medical Agencies                LT Fund based/CC      ICRA B       65      -
(Rating continues to remain in the Issuer Not Cooperating category)
Maa Gauri Poultry Pvt Ltd               Fund Based-CC         ICRA B       41      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Maa Gauri Poultry Pvt Ltd               Fund Based-TL         ICRA B       49      -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Magus Metalspvt Ltd                     Bk Loan Rating        ICRA C+      110     -
(Reason for delay in carrying out periodic review–Issuer delayed in giving information)
Maha Durga Charitable Trust             LT: Fund based/TL     ICRA B       490     -
(Reason for delay in carrying out periodic review:-Issuer not cooperating)
Mira Exim Ltd                           FBL                   ICRA BB+     18      -
(Reason for delay in carrying out periodic review:- Info and fee not provided)
Nsl Sugars Ltd                          FB-TL                 ICRA D       2191.8  Assigned
Nsl Sugars Ltd                          FB-Working Capital FacICRA D       994.9   Assigned
Optics & Allied Engg Pvt. Ltd           LT-FB Fac             ICRA BB+     75      -
(Reason for delay in carrying out periodic review:Issuer delayed in giving information)
Poonam Roller Flour Mill Pvt            LT Fund Based-CC      ICRA BB      120     -
Ltd
(Reason for delay in carrying out periodic review:-Review process is underway)
S. D. Corporation Pvt Ltd               NCD Programm          ICRA AA-(SO) 4350    Reaffirmed
(Placed under rating watch with developing implications)
Sacheta Metals Ltd                      BLR                   ICRA BB/A4+  172     -
(Reason for delay in carrying out periodic review-Review process is underway)
Samhi Hotels (Gurgaon)Pvt Ltd           FB Bk Fac (TL)        ICRA BBB-    1250    -
(Reason for delay in carrying out periodic review:Review is underway)
Samhi Hotels (Gurgaon)Pvt Ltd           Non-fund based Bk Fac ICRA BBB-    35      -
                                        (BkGuarantee)
(Reason for delay in carrying out periodic review:Review is underway)
Sanghar Exports                         Bk Loan Rating        ICRA BB/A4+  500     -
(Reason for delay in carrying out periodic review - Issuer delayed in giving information)
Shapoorji Pallonji Energy               NCD Programme         ICRA AA- &   1000    Downgraded
(Gujarat) Pvt Ltd                                                                  from ICRA AA
&: ratings watch with developing implications
Shiga Energy Pvt Ltd                    LT/ST-NFBL (SO)       ICRA         450.5   -
                                                              BBB+/A2+
(Reason for delay in carrying out periodic review: -Issuer not cooperating)
Skyscape Developers Pvt Ltd             NCDs                  ICRA AA-     4000    Downgraded
                                                                                   from ICRA AA
Sp Superfine Cotton Mills Pvt           Fund based-TL         ICRA D       669.4   -
Ltd
(Rating moved to the Issuer Not Cooperating category)
Sp Superfine Cotton Mills Pvt           FBL                   ICRA D       80      -
Ltd
(Rating moved to the Issuer Not Cooperating category)
Sp Superfine Cotton Mills Pvt           Unallocated Limits    ICRA D       285.2   -
Ltd
(Rating moved to the Issuer Not Cooperating category)
Spandana Sphoorty Financial             PTC Series A          ICRA A+      -       Reaffirmed
Ltd-Abhilasha 08 2018
Spandana Sphoorty Financial             PTC Series A1         ICRA A+      -       Reaffirmed
Ltd-Chetana 03 2018
Spandana Sphoorty Financial             PTC Series A1         ICRA A+      -       Upgraded
Ltd-Kartikeya 03 2018                                                              from ICRA A
Spandana Sphoorty Financial             PTC Series A          ICRA AA-     -       Reaffirmed
Ltd-Pragathi 05 2018
Spandana Sphoorty Financial             PTC Series A          ICRA AA      -       Upgraded
Ltd-Pragathi 12 2017                                                               from ICRA AA-
Spandana Sphoorty Financial             PTC Series A          ICRA AA      -       Upgraded
Ltd-Siri 10 2017                                                                   from ICRA AA-
Spandana Sphoorty Financial             PTC Series A1         ICRA A+      -       Reaffirmed
Ltd-Syamantaka Ifmr Capital
2017
Spandana Sphoorty Financial             PTC Series A2         ICRA BBB+    -       Reaffirmed
Ltd-Syamantaka Ifmr Capital
2017
Spandana Sphoorty Financial             PTC Series A1         ICRA A       -       Reaffirmed
Ltd-Vivriti Cavalieri 06 2018
Spandana Sphoorty Financial             PTC Series A2         ICRA A-      -       Reaffirmed
Ltd-Vivriti Cavalieri 06 2018
Spandana Sphoorty Financial             PTC Series A1         ICRA AA      -       Upgraded
Ltd-Vivriti Norsu 007 2017                                                         from ICRA AA-
Spandana Sphoorty Financial             PTC Series A2         ICRA A       -       Upgraded
Ltd-Vivriti Summus 007 2017                                                        from ICRA A-
Spandana Sphoorty Financial             PTC Series A1         ICRA AA      -       Upgraded
Ltd-Vivriti Summus 007 2017                                                        from ICRA AA-
Sunny View Estates Pvt Ltd              NCDs                  ICRA AA-     2000    Downgraded
                                                                                   from ICRA AA
(Placed under rating watch with developing implications)
T.K. International Ltd                  LT/ FB/CC             ICRA B-      27.5    -
(Rating continuesto remain in the Issuer Not Cooperating category)
T.K. International Ltd                  LT/ FB/TL             ICRA B-      92.5    -
(Rating continuesto remain in the Issuer Not Cooperating category)
Tn Solar Power Energy Pvt Ltd           TL                    ICRA AA-     1450    -
(Placed under rating watch with developing implications)
Tn Solar Power Energy Pvt Ltd           CC                    ICRA AA-     50      -
(Placed under rating watch with developing implications)
Triton Hotels And Resorts Pvt           FB Bk Fac (TL)        ICRA BBB+    900     -
Ltd
(Reason for delay in carrying out periodic review:Review is underway)
Triton Hotels And Resorts Pvt           Non-fund based Bk Fac ICRA BBB+    55.2    -
Ltd                                     (BkGuarantee)
(Reason for delay in carrying out periodic review:Review is underway)
Triton Hotels And Resorts Pvt           Proposed Bk Fac       ICRA BBB+    14.8    -
Ltd
(Reason for delay in carrying out periodic review:Review is underway)
Tulsiani Constructions &                LT Fund based/TL      ICRA D       300     -
Developers Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Vidushi Wirespvt Ltd                    LT: FB–CC             ICRA BB      270     Assigned
Vijayshree Electromech Pvt Ltd          Fund based-TL         ICRA BB-     50      -
(Rating continues to remain under Issuer Not Cooperating category)
Vikamshi Fabrics Pvt Ltd                Fund Based-CC         ICRA BB      30      -
(Rating continues to remain in theIssuer Not Cooperating category)
Vikamshi Fabrics Pvt Ltd                Fund Based-TL         ICRA BB      32.6    -
(Rating continues to remain in theIssuer Not Cooperating category)
Vikamshi Fabrics Pvt Ltd                LT/ST Unallocated     ICRA BB/A4+  19.9    -
(Rating continues to remain in theIssuer Not Cooperating category)
Yes Bank Ltd                            Basel III Compliant   ICRA AA      109000  Downgraded
                                        Tier II Bond Programme(hyb) @              from ICRA
                                                                                   AA+ (hyb) @
@ Rating watch with negative implications
Yes Bank Ltd                            Basel III Compliant   ICRA AA-     108000  Downgraded
                                        Additional Tier I     (hyb) @              from ICRA AA
                                        Bond Programme                             (hyb) @
@ Rating watch with negative implications
Yes Bank Ltd                            Basel II Compliant    ICRA AA @    25306   Downgraded
                                        Lower Tier II Bond                         from ICRA
                                        Programme                                  AA+ @
@ Rating watch with negative implications
Yes Bank Ltd                            Infrastructure Bond   ICRA AA @    70300   Downgraded
                                        Programme                                  from ICRA
                                                                                   AA+ @
@ Rating watch with negative implications
Yes Bank Ltd                            Basel II Compliant    ICRA AA- @   13441   Downgraded
                                        Upper Tier II Bond                         from ICRA
                                        Programme                                  AA+ @
@ Rating watch with negative implications
Yes Bank Ltd                            Basel II Compliant    ICRA AA- @   4610    Downgraded
                                        Tier I Bond Programme                      from ICRA
                                                                                   AA+ @
@ Rating watch with negative implications
Aksh Optifibre Ltd                      Fund based CC         ICRA]BBB-    600     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Aksh Optifibre Ltd                      TL                    ICRA]BBB-    270     -
(Reason for delay in carrying out periodic review:-Review process is underway)
Babanraoji Shindesugar And              Fund Based-Cash Credi ICRA]C       1100    -
Allied Industries Ltd
(Reason for delay in carrying out periodic review:-Review process is underway)
Maa Gauri Poultry Pvt Ltd               Fund Based-CC         ICRA]B       41      -
(Reason for delay in carrying out periodic review:-Review process is underway)
Maa Gauri Poultry Pvt Ltd               Fund Based-TL         ICRA]B       49      -
(Reason for delay in carrying out periodic review:-Review process is underway)
Maha Durga Charitable Trust             LT: Fund based/TL     ICRA]B       490     -
(Reason for delay in carrying out periodic review:-Review process is underway)
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below