(Repeating to add additonal ratings as of October 23, 2018) Oct 24 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of October 23, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Chennai International ST; Non fund based ICRA A1 980 Reaffirmed Terminals Pvt Ltd Chennai International ST; Proposed Fac ICRA A1 1595.7 Reaffirmed Terminals Pvt Ltd Delhi Aviation Fuel Facility Fund based – Short-TL ICRA A1+ 400 Assigned Pvt Ltd G.M. Pens International Pvt Ltd ST: Non-FB ICRA A2 80 Downgraded from ICRA A2+ G.M. Pens International Pvt Ltd ST: unallocated Fac ICRA A2 0.9 Downgraded from ICRA A2+ Kamakhya Board Non-FBL ICRA A4 57.5 - Reason for delay in carrying out periodic review - (Issuer Not Co-operating) Kurlon Enterprise Ltd Non-FB Fac ICRA A1+ 150 Upgraded from ICRA A1 National Cooperative CP Programme ICRA A1+ 15980 - Development Corporation Reason for delay in carrying out periodic review: Review process is underway Pal Fashions Pvt Ltd Non-fund based – BG ICRA A2 10 - Polyplastics Decorative Pvt. ST – Non-fund Based ICRA A2+ 80 Outstanding Ltd. (SO) (SO) Sharavathy Conductors Pvt Ltd ST - Non-fund based - ICRA A3 520 Reaffirmed BG Sharavathy Conductors Pvt Ltd ST- Non-fund based- ICRA A3 400 Reaffirmed LOC Smc Power Generation Ltd Non-fund ICRA A2 350 Uupgraded Based-Working Capital from ICRA A3+ Topland Engines Pvt Ltd Non-FBL ICRA A2+ 47.5 - Reason for delay in carrying out periodic review:- Review process in underway Topland Exports Non Fund Based- ICRA A2 80 - Foreign Bill Purchase Reason for delay in carrying out periodic review:- Review process in underway VLCC Health Care Ltd ST FB/non-FB Bk Fac ICRA A2+ 145 Downgraded from ICRA A2+ VLCC Health Care Ltd ST FB Bk Fac ICRA A3+ - - Bestitch Knits ST – Fund based ICRA A4 30 facility Issuer Not Cooperating Indag Rubber Ltd ST – NonFund Based ICRA A1+ 450 Review process is underway Indag Rubber Ltd ST – Unallocated ICRA A1+ 20 Review process is underway Prince Yarnn India Ltd ST – Fund based ICRA A4 30 facility Issuer Not Cooperating Stable Packaging Pvt Ltd ST NonFund Based ICRA A4 10 Issuer Not Cooperating Vaighai Agro Products Ltd ST – Fund based ICRA A3 25 facility Issuer Not Cooperating Vaighai Agro Products Ltd ST – Fund based ICRA A3 0 facility (Sublimit) Issuer Not Cooperating Vaighai Agro Products Ltd ST – Nonfund based ICRA A3 160 facility Issuer Not Cooperating Vogue Clothing Company ST – Fund based ICRA A4 57 facility Issuer Not Cooperating LONG TERM RATINGS: ------------------- A. K. L. Infracon Pvt Ltd Bk Fac ICRA B+ 110 - /ICRA A4 Reason for delay in carrying out periodic review: - (Issuer Not Cooperating) Al-Nasir Exports Pvt Ltd LT/ST facility-Fund ICRA BB+ / 500 Assigned Based ICRA A4+ Chennai International LT Proposed Fac - - Reaffirmed Terminals Pvt Ltd Chennai International LT; TL ICRA AA(SO) 1540.7 - Terminals Pvt Ltd Delhi Aviation Fuel Facility Fund based - TL ICRA AA- 700 Reaffirmed Pvt Ltd Delhi Aviation Fuel Facility Fund based - ICRA AA- 200 Reaffirmed Pvt Ltd Overdraft Limits Delhi Aviation Fuel Facility Unallocated Limits ICRA 900 Reaffirmed / Pvt Ltd AA-/ICRA A1+ assigned Earthcon Developers Pvt. Ltd. Fund based-TL ICRA D 120 Revised from ICRA B (Issuer Not Cooperating) G.M. Pens International Pvt Ltd LT: TL ICRA BBB+ 481.4 Downgraded from ICRA A G.M. Pens International Pvt Ltd LT: FB Fac ICRA BBB+ 110.5 Downgraded from ICRA A G.M. Pens International Pvt Ltd LT: Unallocated Fac ICRA BBB+ 47.2 downgraded from ICRA A Ganges Ford (Proprietor: FB Limit – CC ICRA D 20 Downgraded Lexicon Commercial Enterprises from ICRA BB Ltd) Rating continues to remain under ‘(Issuer Not Cooperating)’ category Ganges Ford (Proprietor: FB Limit – e-DFS ICRA D 140 Downgraded Lexicon Commercial Enterprises from ICRA BB Ltd) Rating continues to remain under ‘(Issuer Not Cooperating)’ category Ganges Ford (Proprietor: FB Limit – Ad-hoc ICRA D 28 Downgraded Lexicon Commercial Enterprises Limit on e-DFS from ICRA BB Ltd) Rating continues to remain under ‘(Issuer Not Cooperating)’ category Ganges Ford (Proprietor: FB Limit – Dropline ICRA D 35 Downgraded Lexicon Commercial Enterprises Overdraft from ICRA BB Ltd) Rating continues to remain under ‘(Issuer Not Cooperating)’ category Ganges Ford (Proprietor: Unallocated Limits ICRA D 4.3 Downgraded Lexicon Commercial Enterprises from ICRA BB Ltd) Rating continues to remain under ‘(Issuer Not Cooperating)’ category Indian School Finance Company PTC Series A1-(a) Provisional 250 Final Rating Pvt Ltd ICRA A(SO) Indian School Finance Company PTC Series A1-(b) Provisional 220 Final Rating Pvt Ltd ICRA A(SO) Indian School Finance Company PTC Series A2 Provisional 16.1 Final Rating Pvt Ltd ICRA BBB+(SO) Kamakhya Board FBL ICRA B 10 - Reason for delay in carrying out periodic review -Issuer Not Co-operating Kurlon Enterprise Ltd FB Fac ICRA A+ 250 Reaffirmed outlook revised to Positive from Stable Kurlon Enterprise Ltd Unallocated ICRA A+ 400 Reaffirmed, Upgraded from ICRA A1; Kurlon Ltd FB Fac ICRA A 170 Reaffirmed Kurlon Ltd Unallocated Fac ICRA A 40 Reaffirmed L&T Metro Rail (Hyderabad) Ltd NCD Programme ICRA AAA(SO) 1000 confirmed as final L&T Metro Rail (Hyderabad) Ltd NCD Programme ICRA AAA(SO) 7500 Outstanding L&T Metro Rail (Hyderabad) Ltd NCD Programme Provisional 1500 Outstanding ICRA AAA(SO) Micro Units Development And Issuer rating ICRA AAA - Reaffirmed Refinance Agency National Cooperative Bond Programme ICRA AA 7500 - Development Corporation Reason for delay in carrying out periodic review: Review process is underway National Cooperative Bk Lines Programme ICRA AA /A1 109995.5- Development Corporation Reason for delay in carrying out periodic review: Review process is underway Pahal Financial Services Pvt. NCD programme ICRA BB+ 280 Assigned Ltd. Pahal Financial Services Pvt. NCD programme ICRA BB+ 150 Outstanding Ltd. Pahal Financial Services Pvt. NCD programme ICRA BB+ 400 Outstanding Ltd. Pal Fashions Pvt Ltd Fund based- CC ICRA BBB+ 150 - Pal Fashions Pvt Ltd Fund based – TL ICRA BBB+ 163.7 - Pal Fashions Pvt Ltd Unallocated limits ICRA BBB+ 6.3 - / ICRA A2 Paratus Real Estates Pvt. Ltd. Fund based-TL ICRA D 180 Revised from ICRA B+ (Issuer Not Cooperating) Polyplastics Decorative Pvt. LT – Fund Based / ICRA A- 70 assigned/ Ltd. CC(SO) (SO) Outstanding Polyplastics Decorative Pvt. LT – Fund Based TL(SO)ICRA A- 527 assigned/ Ltd. (SO) Outstanding Sai Swadhin Commercials Pvt Ltd FB Limit – Term ICRA D 37.5 Downgraded from ICRA B- Sai Swadhin Commercials Pvt Ltd FB Limit – Cash ICRA D 50 Downgraded from ICRA B- SBI General Insurance Co. Ltd CPA rating iAAA - Reaffirmed Sharavathy Conductors Pvt Ltd LT - Fund based - CC ICRA BBB- 104.5 Reaffirmed facility Sharavathy Conductors Pvt Ltd LT- Fund based- TL ICRA BBB- 8.3 Reaffirmed Sharavathy Conductors Pvt Ltd Unallocated Limits ICRA BBB- Reaffirmed /A3; Shree Murugan Flour Mills (P) LT – FB ICRA D 300 - Ltd (Issuer Not Cooperating) Shri Hare Krishna Sponge Iron Bk Fac ICRA B/ICRA 135 - Ltd A4 (Issuer Not Cooperating) SMC Power Generation Ltd FB -TL ICRA BBB+ 600 Upgraded from ICRA BBB SMC Power Generation Ltd FB - Working Capital ICRA BBB+ 825 Upgraded Fac from ICRA BBB SMC Power Generation Ltd Non-fund ICRA BBB+ 1075 upgraded Based-Working Capital /ICRA A2 from ICRA Fac BBB /ICRA A3+ ST. Wilfred Education Society FBL ICRA BB+ 200 - Reason for delay in carrying out periodic review- Info and fee not provided Topland Engines Pvt Ltd CC ICRA BBB+ 100 - Reason for delay in carrying out periodic review: - Review process in underway VLCC Health Care Ltd LT FB Bk Fac ICRA BBB 390.3 Downgraded from ICRA A- VLCC Health Care Ltd LT unallocated Bk Fac ICRA BBB 14.7 Downgraded from ICRA A- -- VLCC Personal Care Ltd LT FB Bk Fac: CC ICRA BBB 450 Downgraded from ICRA A- VLCC Personal Care Ltd LT FB Bk Fac: TL ICRA BBB 100 Downgraded from ICRA A- A.P.R. Ginn And Pressing Mills LT – Fund based ICRA B 50 facility Issuer Not Cooperating Bestitch Knits LT – TL ICRA BB- 40 Issuer Not Cooperating Bestitch Knits LT – Fund based ICRA BB- 60 facility Issuer Not Cooperating Budding Brains International LT – Fund Based ICRA B 72.5 School (Bhagat Sucha Singh Ji Memorial Educational Society) Issuer Not Cooperating Budding Brains International LT – Unallocated ICRA B 67.5 School (Bhagat Sucha Singh Ji Memorial Educational Society) Issuer Not Cooperating C.K. Industries BLR ICRA B+ 199.5 Issuer Not Cooperating Indag Rubber Ltd LT – Fund Based ICRA A+ 80 Review process is underway Prince Yarnn India Ltd LT – TL ICRA B+ 128.1 Issuer Not Cooperating Prince Yarnn India Ltd LT – CC ICRA B+ 70 Issuer Not Cooperating Prince Yarnn India Ltd LT – BG ICRA B+ 20 Issuer Not Cooperating Prince Yarnn India Ltd LT – Unallocated ICRA B+ 0.2 facility Issuer Not Cooperating Signet Denim Pvt. Ltd. BLR ICRA B+ 770 Issuer Not Cooperating Stable Packaging Pvt Ltd LT – Fund Based ICRA B+ 60 Issuer Not Cooperating Stable Packaging Pvt Ltd ST – Fund Based ICRA B+ 80 Issuer Not Cooperating Sungloss Ceramic Industries BLR ICRA BB- /A4 151.7 Issuer Not Cooperating Transtek Infoways Pvt Ltd LT – Fund Based ICRA BB- 120 Issuer delayed in giving information Vaighai Agro Products Ltd LT – TL ICRA BBB- 83.2 Issuer Not Cooperating Vaighai Agro Products Ltd LT – Fund based ICRA BBB- 210 facility Issuer Not Cooperating Vaighai Agro Products Ltd LT – Unallocated ICRA BBB- 2.7 facility Issuer Not Cooperating Vogue Clothing Company LT – TL ICRA B+ 3 Issuer Not Cooperating Vogue Clothing Company Long / ST – ICRA B+/ 40 Unallocated facility ICRA A4 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)