October 23, 2019 / 11:12 AM / 19 days ago

RPT-ICRA ratings for Indian debt instruments-Oct 23

 (Repeating to add more ratings.)
    Oct 23 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 22, 2019.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Acsen Tex Pvt Ltd                       ST interchangeable    ICRA A3      -       Reaffirmed
Golden Fibres Llp                       ST non FB limit       ICRA A4      100     -
Rating continues to remain under the ‘Issuer Not Cooperating’ category
K.R.S. & Jain Associates                Non-FBL               ICRA A4      55      -
Rating continues to remain under the Issuer Not Cooperating category
Maheswari Mining And Energy             NFBL                  ICRA A3      37      outstanding
Pvt. Ltd.
Rajesh Construction Company             NFBL                  ICRA A4      57.5    -
Rating continues to remain under the Issuer Not Cooperating category
Stock Holding Corporation Of            ST Bk Lines           ICRA A1+     22250   Reaffirmed
India Ltd
Tata Cummins Pvt Ltd                    CP                    ICRA A1+     2500    -
(Erstwhile Tata Cummins Ltd)
Reason for delay in carrying out periodic review:Issuer not cooperating

LONG TERM RATINGS:
-------------------
A & L Apparels Pvt Ltd                  BLR                   ICRA BB+     200     -
                                                              (Stable) /
                                                              ICRA A4+
Reason for delay in carrying out periodic review:-Review process is underway
Acsen Tex Pvt Ltd                       LT FB - Cash credit   ICRA BBB-    400     Reaffirmed
                                                              (Stable)
Acsen Tex Pvt Ltd                       LT FB TL              ICRA BBB-    193     Reaffirmed
                                                              (Stable)
Acsen Tex Pvt Ltd                       LT unallocated Limit  ICRA BBB-    7       Reaffirmed
                                                              (Stable)
C & R Textiles (P) Ltd.                 Issuer Rating         ICRA BB      -       -
                                                              (Stable)
Reason for delay in carrying out periodic review:Issuer not cooperating
Golden Fibres Llp                       LT FBL                ICRA B+      820     Downgraded
                                                              (Stable)             from ICRA
                                                                                   BB- (Stable)
Rating continues to remain under the ‘Issuer Not Cooperating’ category
India Mortgage Guarantee                Issuer Rating         ICRA         -       Reaffirmed
Corporation Pvt. Ltd.                                         AA(Stable)
Jot Impex Pvt Ltd                       LT Fund based/CC      ICRA D       200     -
Reason for delay in carrying out periodic review:Issuer not cooperating
K.R.S. & Jain Associates                FBL                   ICRA B       30      -
Rating continues to remain under the Issuer Not Cooperating category
K.R.S. & Jain Associates                Unallocated limit     ICRA B       15      -
                                                              (Stable)/
                                                              ICRA A4
Rating continues to remain under the Issuer Not Cooperating category
Lodhi Property Co. Ltd                  LT FB TL              ICRA A+      440     Withdrawn
                                                              (Positive)
Maheswari Mining And Energy             FB limits             ICRA BBB -   816.6   outstanding
Pvt. Ltd.                                                     (Negative)
Maheswari Mining And Energy             Unallocated Limits    ICRA BBB-    196.4   outstanding
Pvt. Ltd.                                                     (Negative)
                                                              / ICRA A3
Rajesh Construction Company             FBL                   ICRA B+      23.8    -
                                                              (Stable)
Rating continues to remain under the Issuer Not Cooperating category
Rajesh Construction Company             Unallocated limit     ICRA B+      18.7    -
                                                              (Stable)/
                                                              ICRA A4
Rating continues to remain under the Issuer Not Cooperating category
Tata Cummins Pvt Ltd                    Long-TL               ICRA AA      110     -
(Erstwhile Tata Cummins Ltd)                                  (Stable)
Reason for delay in carrying out periodic review:Issuer not cooperating
Tata Cummins Pvt Ltd                    FB / Non- FB Fac      ICRA AA      2000    -
(Erstwhile Tata Cummins Ltd)                                  (Stable)
                                                              /ICRA A1+
Reason for delay in carrying out periodic review:Issuer not cooperating
Thermax Onsite Energy                   LT Proposed Fac       ICRA         1000    -
Solutions Ltd                                                 A+(Stable)
Umang Dairies Ltd                       LT FB CC              ICRA BBB-    350     -
                                                              (Stable)
Reason for delay in carrying out periodic review:Issuer not cooperating
Umang Dairies Ltd                       LT FB TL              ICRA BBB-    160     -
                                                              (Stable)
Reason for delay in carrying out periodic review:Issuer not cooperating
Va Tech Wabag Ltd                       LT FB Fac             ICRA A +     4765    Reaffirmed
                                                              (Negative)
Va Tech Wabag Ltd                       LT/ST Non-FB Fac      ICRA A+      28993.8 Reaffirmed/
                                                              (Negative)           revised from
                                                              / ICRA A1            ICRA A1+
Va Tech Wabag Ltd                       LT/ST Proposed Fac    ICRA A+      6241.2  Reaffirmed/
                                                              (Negative)           revised from
                                                              / ICRA A1            ICRA A1+
Gayatri Developwell Pvt. Ltd            LT Fund based/TL      ICRA D       135     -
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Mateshwari Food Stuff Pvt Ltd           LT Fund based/CC      ICRA B       175     -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - Issuer not cooperating)
Mateshwari Food Stuff Pvt Ltd           LT Fund based/TL      ICRA B       65      -
                                                              (Stable)
(Reason for delay in carrying out periodic review: - 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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