October 17, 2018 / 11:31 AM / in 4 months

RPT-ICRA ratings for Indian debt instruments-Oct 17

 (Repeating to add more ratings)
   Oct 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 16, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
BTI Payments Pvt Ltd                    FB Fac – ST           ICRA A1 (SO) 3850    Reaffirmed
Dharamraj Contracts India Pvt           Non-fund based        ICRA A4+     590     -
Ltd
Reason for delay in carrying out periodic review:-Under Process
Ganges Internationale Pvt. Ltd          ST fund based         ICRA A2      732.5   Assigned
Ganges Internationale Pvt. Ltd          ST Non-fund based     ICRA A2      500     Assigned
Ganges Internationale Pvt. Ltd          ST Interchangeable    ICRA A2      -       Assigned
Captronic Systems Pvt Ltd               ST-BG                 ICRA A4      80      Reaffirmed
Hunsur Plywood Works Pvt Ltd            Non-FB Fac            ICRA A4      95      Reaffirmed
Mitter Fasteners                        ST: Non-Fund Based-   ICRA A4      15      Withdrawn
                                        LOC
(Issuer Not Cooperating)
Mitter Fasteners                        ST: Non-Fund Based- BGICRA A4      2       Withdrawn
(Issuer Not Cooperating)
Proline India Ltd                       ST-LOC/BG             ICRA A3      30      Reaffirmed
S.A.M Apparels Pvt. Ltd                 Fund based CC         ICRA A4      275     Reaffirmed
S.A.M Apparels Pvt. Ltd                 Unallocated           ICRA A4      25      Reaffirmed
Sarvodaya India Ltd                     ST non fundbased      ICRA A4+     10      -
Moved to (Issuer Not Cooperating) category
Skylark Infra Engineering Pvt           ST Non fund Based -BG ICRA A3+     800     Reaffirmed
Ltd(Erstwhile Skylark
Securitas Pvt Ltd)

LONG TERM RATINGS:
-------------------
BTI Payments Pvt Ltd                    TL                    ICRA BBB     750     Assigned
                                                              (SO)
Dharamraj Contracts India Pvt           FB                    ICRA BB      180     -
Ltd
Reason for delay in carrying out periodic review:-Under Process
Dharamraj Contracts India Pvt           Unallocated           ICRA BB /    130     -
Ltd                                                           ICRA A4+
Reason for delay in carrying out periodic review:-Under Process
Ganges Internationale Pvt. Ltd          Fund Based - Working  ICRA BBB+    750     Assigned /
                                        Capital Fac                                Outstanding
Ganges Internationale Pvt. Ltd          Fund Based – TL       ICRA BBB+    133.5   Assigned
Ganges Internationale Pvt. Ltd          LT Interchangeable    ICRA BBB+    -       Assigned
Ganges Internationale Pvt. Ltd          Long/Term ST          ICRA BBB+ /  4       Assigned
                                        unallocated           ICRA A2
Global Institute Of Medical             LT fund based         ICRA B+      200     -
Science & Health Care
Continues to remain (Issuer Not Cooperating) category
Harman Agro                             CC                    ICRA B+      45      -
Reason for delay in carrying out periodic review: - (Issuer Not Cooperating)
Harman Agro                             TL                    ICRA B+      22      -
Reason for delay in carrying out periodic review: - (Issuer Not Cooperating)
Motia Township Pvt Ltd                  FB                    ICRA B       230     -
Reason for delay in carrying out periodic review: - (Issuer Not Cooperating)
Captronic Systems Pvt Ltd               LT-TL                 -            -       -
Captronic Systems Pvt Ltd               LT-CC                 ICRA B-      20      Downgraded
                                                                                   from ICRA B+
Dileep Industries Pvt Ltd               Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Girijashankar Cotton Pvt Ltd            LT fund based (CC     ICRA B+      70      -
                                        Limit)
Continues to remain (Issuer Not Cooperating) category
Girijashankar Cotton Pvt Ltd            LT Unallocated        ICRA B+      10      -
Continues to remain (Issuer Not Cooperating) category
Gopal Oil Industries                    Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
3B Films Pvt. Ltd                       Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Agra Oil & General Industries           Non submission of     -            -       -
Ltd                                     monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Aseem Exports                           Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Avani Petrochem Pvt Ltd                 Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
B.K. Print And Pack                     Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Bettiah Municipal Council               Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Bhagirathi Packaging Pvt Ltd            Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)

Gupta Solvent Pvt Ltd                   Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Hunsur Plywood Works Pvt Ltd            FB Fac                ICRA B+      55.6    Reaffirmed
Jagdambay Cotspin Ltd                   Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Jl Hotels Pvt Ltd                       Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Kamakhya India Ltd                      Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Kotadiya Reality                        Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
M.K. Wood India Pvt Ltd                 Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Magnolia Martinique Clothing            Non submission of     -            -       -
Pvt Ltd                                 monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Maha Durga Charitable Trust             Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Mahesh Ginning Pvt Ltd                  LT fund based         ICRA B+      52.5    -
Continues to remain (Issuer Not Cooperating) category
Manikanta Cotton Agro                   Non submission of     -            -       -
Industries                              monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Maruti Products Pvt Ltd                 LT fund based (TL)    ICRA B+      42.8    -
Continues to remain (Issuer Not Cooperating) category
Maruti Products Pvt Ltd                 LT/ST fundbased/non FBICRA B+/A4   175     -
Continues to remain (Issuer Not Cooperating) category
Mitter Fasteners                        LT: Fund Based- CC    ICRA BB-     70      Withdrawn
(Issuer Not Cooperating)
Mitter Fasteners                        LT- Fund Based- TL    ICRA BB-     105.1   Withdrawn
(Issuer Not Cooperating)
Mums Mega Food Park Pvt Ltd             LT fund based         ICRA B       950     -
Continues to remain (Issuer Not Cooperating) category
Ome Sree Sai Ganesh Poultries           Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Patil Rail Infrastructure Pvt           NCDs                  ICRA BB      1350    Withdrawn
Ltd                                                           (Issuer Not
                                                              Cooperating)
Payne Realtors Pvt Ltd                  TL Rating action      ICRA D (SO)  275     Downgraded
                                                                                   from ICRA
                                                                                   BB+ (SO)
(Issuer Not Cooperating)
Prius Commercial Projects Pvt           TL                    ICRA B (SO)  4240    Downgraded
Ltd                                                                                from ICRA
                                                                                   BB+ (SO)
Proline India Ltd                       LT-CC                 ICRA BBB-    150     Reaffirmed
Proline India Ltd                       LT-Stand-by Line of   ICRA BBB-    20      Reaffirmed
                                        Credit
Radius Water Ltd                        Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
S. K. S. Educational And                Non submission of     -            -       -
Social Trust                            monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Safeflex International Ltd              Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sahrudaya Health Care                   Fund based- CC        ICRA BBB-    10      Assigned
(Karimnagar) Pvt Ltd                                          (SO)
Sahrudaya Healthcare                    Fund based - CC       ICRA BBB-    10      Assigned
(Kurnool)Pvt Ltd                                              (SO)
Sahrudaya Healthcare                    Fund based - TL       ICRA BBB-    133     Assigned
(Kurnool)Pvt Ltd                                              (SO)
Sahu Khan Chand Foods                   Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sai Industries Pvt Ltd                  Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sai Surfactants Pvt Ltd                 Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sar Senapati Santaji Ghorpade           Non submission of     -            -       -
Sugar Factory Ltd                       monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sarvodaya India Ltd                     LT fund based (CC     ICRA BB+     80      -
                                        Limit)
Moved to (Issuer Not Cooperating) category
Sarvodaya India Ltd                     LT fund based (TL)    ICRA BB+     50      -
Moved to (Issuer Not Cooperating) category
Shivam Agroprocess Pvt Ltd              Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Shree Govindam Prime Foods              Non submission of     -            -       -
Pvt. Ltd                                monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Siri Tecon                              Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Skylark Infra Engineering Pvt           LT Fund based - CC    ICRA BBB     200     Reaffirmed
Ltd(Erstwhile Skylark
Securitas Pvt Ltd)
Sravan Ftwz Pvt Ltd                     Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sri Varun Logistics Park Pvt            Non submission of     -            -       -
Ltd                                     monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Sumanglam Wood Products                 Non submission of     -            -       -
(India) Pvt Ltd                         monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Surya Automobiles Pvt Ltd               Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Suyosha Healthcare Pvt Ltd              Fund based - TL       ICRA BBB-    73      Assigned
                                                              (SO)
Taurus Thermoplastics Pvt Ltd           LT fund based (CC     ICRA BB-     27.5    -
                                        Limit)
Continues to remain (Issuer Not Cooperating) category
Taurus Thermoplastics Pvt Ltd           LT fund based (TL)    ICRA BB-     57.5    -
Continues to remain (Issuer Not Cooperating) category
Taurus Thermoplastics Pvt Ltd           Unallocated           ICRA BB- /   15      -
                                                              ICRA A4
Continues to remain (Issuer Not Cooperating) category
The Karnataka Handloom                  Non submission of     -            -       -
Development Corporation Ltd             monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Umesh & Bros. Construction              Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Unique Gems                             Non submission of     -            -       -
                                        monthly ‘No Default
                                        Statement
(Issuer Not Cooperating)
Vindhya Spinning Mills Pvt Ltd          CC                    ICRA BBB-    150     Reaffirmed
Vindhya Spinning Mills Pvt Ltd          TL                    ICRA BBB-    221.4   Reaffirmed
Vindhya Spinning Mills Pvt Ltd          Unallocated facility  ICRA BBB-/   3.9     Reaffirmed
                                                              ICRA A3
--------------------------------------------------------------------------------------------
$: 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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