November 9, 2017 / 10:27 AM / 4 months ago

RPT-ICRA ratings for Indian debt instruments-Nov 9

 (Repeating to add more ratings)
    Nov 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of November 8, 2017.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
------                                  ----------            ------      -----    ---------
Aajveto Manufacturing Pvt Ltd           Non-FBL               ICRA A4      45      Reaffirmed
Ganganagar Commodity Ltd                FB & Non FB Bk Lines  ICRA A4      600     Reaffirmed
Hunsur Plywood Works Pvt Ltd            ST – Non-FB Fac       ICRA A4      95      Reaffirmed
Krishna Constructions Co.               Non-FBL               ICRA A4+     200     Reaffirmed
(enhanced from 12.00crs)
Pioneer Polyleathers Ltd                Non-fund Based LOC    ICRA A1+     350     Outstanding
(enhanced from 17.00crs)
Pioneer Polyleathers Ltd                CPs                   ICRA A1+     350     Outstanding
Pramukh Exim Pvt Ltd                    Non-Fund based-Bill   ICRA D       -       Revised from
                                        Discounting                                ICRA A4
Quilon Foods Pvt Ltd                    ST, FB Fac            ICRA A4+     401     Reaffirmed
Quilon Foods Pvt Ltd                    ST, Non-FB Fac        ICRA A4+     40      Reaffirmed
Unichem Laboratories Ltd                CP Programme          ICRA A1+ &   150     -
& Rating watch with developing implications
Unique Ship Breaking                    Non FB limitsLOC      ICRA A4      450     Issuer Not
Corporation                                                                        Cooperating
Vimal Microns Ltd                       NFBL                  ICRA A4      12.5    Reaffirmed

Aajveto Manufacturing Pvt Ltd           FB Limit              ICRA B+      305.4   Reaffirmed
Dwarkadhis Buildwell Pvt Ltd            LT non fund based     ICRA B       150     Issuer Not
Gaursons Realty Pvt. Ltd.               Six-Star              ICRA NCR             Assigned
Gujarat Chemical Port Terminal          TL                    ICRA AA      1795.5  Issuer Not
Co. Ltd                                                                            Cooperating
Hunsur Plywood Works Pvt Ltd            LT – TL               -            -       -
(revised from 0.31crs)
Hunsur Plywood Works Pvt Ltd            LT – FB CC            ICRA B+      55.6    Reaffirmed
(revised from 5.25crs)
Ingram Micro India Pvt Ltd              LT / ST, FB / Non-FB  ICRA AA- /   7000    Assigned
                                        Fac                   ICRA A1+             /Outstanding
(enhanced from 200.00crs)
Krishna Constructions Co.               FB limits             ICRA BB+     30      Revised from
                                                                                   ICRA BB
Krishna Constructions Co.               Unallocated limits    ICRA         1       Revised from
                                                              BB+/ICRA A4+         ICRA BB/
Mangaldeep Cold Storage                 Fund based-TL         ICRA B       -       Issuer Not
Mangaldeep Cold Storage                 Fund based-CC         ICRA B       -       Issuer Not
Pankaj Steel Corporation                BLR                   ICRA B+/     80      Issuer Not
                                                              ICRA A4              Cooperating
Plastimber Impex                        FB – CC               ICRA B       15      Reaffirmed
Plastimber Impex                        FB – TL               ICRA B       44      Reaffirmed
Pioneer Polyleathers Ltd                LT FB TL              ICRA A+      280     Outstanding
(reduced from 41.57crs)
Pioneer Polyleathers Ltd                LT FB CC              ICRA A+      480     Outstanding
Pioneer Polyleathers Ltd                Non-fund Based BG     ICRA A+      15      Outstanding
Pioneer Polyleathers Ltd                Proposed Bk Fac       ICRA A+      75      Outstanding
(reduced from 11.93crs)
Pioneer Polyleathers Ltd                FB/Non-fund based     ICRA A+      50      Outstanding
                                                              /ICRA A1+
Pramukh Exim Pvt Ltd                    Fund based-CC         ICRA D       -       Revised from
                                                                                   ICRA C
Quilon Foods Pvt Ltd                    LT, FB Fac            ICRA BB      81      Revised from
                                                                                   ICRA BB+
Quilon Foods Pvt Ltd                    LT, TL                ICRA BB      11      Revised from
                                                                                   ICRA BB+
(revised from 1.57CRS)
Quilon Foods Pvt Ltd                    LT, Unallocated       ICRA BB      4.7     -
R.B Rice Industries                     FB Limits             ICRA D       165     Downgraded
                                                                                   from ICRA B
Satkar Logistics Pvt Ltd                FBL                   ICRA C       153.6   Downgraded
                                                                                   from ICRA B
Issuer not cooperating
Satkar Logistics Pvt Ltd                Unallocated           ICRA C       26.4    Downgraded
                                                                                   from ICRA B
Issuer not cooperating
Shivalakha Solar Energy Pvt Ltd         FB – TL               ICRA BBB-    1360    Assigned
Shivam Cotton & Oil Industries          FB – CC               ICRA B       80      Reaffirmed
Shivam Cotton & Oil Industries          FB – TL               ICRA B       4.6     Reaffirmed
(revised from 0.79crs)
Shivam Cotton & Oil Industries          Unallocated Limits    ICRA B       11.9    Reaffirmed
(revised from 0.86crs)
Shivam Jewels                           BLR                   ICRA BBB- /  335     Issuer Not
                                                              ICRA A3              Cooperating
Vimal Microns Ltd                       TL                    ICRA B+      3.3     Reaffirmed
Vimal Microns Ltd                       CC                    ICRA B+      256     Reaffirmed
$: 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
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