October 31, 2019 / 11:35 AM / 4 months ago

RPT-ICRA ratings for Indian debt instruments-Oct 31

 (Repeating to add more ratings)
    Oct 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 30, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Adie Broswon Breweries Pvt Ltd          ST - Non- Fund Based  ICRA A4      70      -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Advantage Computers India Pvt           ST Fund Based         ICRA A4      4       -
Ltd
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Avr Overseas Pvt Ltd                    Non-FBL               ICRA A4+     250     -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Bulktainer Shipping Ltd                 ST non FB limit**     ICRA A4      7.5     -
(Continues to remain under the Issuer Not Cooperating category) / **Sub-limit of long-term
fund-based limit.
Darling Digital World Pvt Ltd           Fund Based - ST       ICRA A4+     47      Reaffirmed
Dhansmruti Textiles Pvt Ltd             ST - Non-Fund Based   ICRA A4      12.5    -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Flexi Caps Amp; Polymers Pvt            Non-FBL               ICRA A4      80      -
Ltd
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Graduate Agro And Mechanical            Non-FB Limits         ICRA A4      97.5    -
Engineers
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Gsr Movies                              ST Non-Fund Based     ICRA A4      20.6    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Jaina India Pvt Ltd                     ST - Unallocated      ICRA A3+     1190    Reaffirmed
(provisional rating confirmed as final)
Jaina India Pvt Ltd                     ST non-fund based     ICRA A3+     2810    Reaffirmed
(provisional rating confirmed as final)
Jaina Marketing Amp; Associates         ST- Unallocated LT    ICRA A3+     800     Reaffirmed
                                        fund based ST
                                        non-fund based
Karnataka Co-Operative Milk             Non-fund based –      ICRA A1+     -       Assigned
Producer'S Federation Ltd               Interchangeable
Limitorque India Ltd                    ST - Non- Fund Based  ICRA A4      21      -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Manav Gems                              ST FBL                ICRA A4      150     Withdrawn
Manav Gems                              ST interchangeable    ICRA A4      -       Withdrawn
Mangalam Rice Mill Pvt Ltd              Non-FB limit          ICRA A4      8.3     -
                                                              ISSUER NOT
                                                              COOPERATING
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Marpol Pvt Ltd                          Non-fund based –      ICRA A4      90      -
                                        LOC/BG
(Continues to remain in the ‘Issuer Not Cooperating’ category)
Maruti Meditech Pvt Ltd                 Non-FBL               ICRA A4      -       -
(Continues to remain in the ‘Issuer Not Cooperating’ category)
Meher Advanced Materials Pvt.           ST - Non Fund Based   ICRA A4      70      Withdrawn
Ltd.
Oriental Sales Corporation              ST NonFund Based      ICRA A4      194     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Oriental Sales Corporation              ST Unallocated        ICRA A4      46      -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Phillip Finance Amp;                    CP                    ICRA A1      2000    Reaffirmed
Investment Services India Pvt
Ltd
Phillipcapital (India) Pvt Ltd          CP                    ICRA A1      500     Reaffirmed
Reliance Nippon Life Asset              Nippon India          ICRA A1+mfs  -       Outstanding
Management Ltd                          Overnight Fund
Reliance Nippon Life Asset              Nippon India Liquid   ICRA A1+mfs  -       Outstanding
Management Ltd                          Fund
Reliance Nippon Life Asset              Nippon India Money    ICRA A1+mfs  -       Outstanding
Management Ltd                          Market Fund
Reliance Nippon Life Asset              Nippon India Interval ICRA A1+mfs  -       Outstanding
Management Ltd                          Fund – Quarterly
                                        Interval Fund – Series III
Reliance Nippon Life Asset              Nippon India Interval ICRA A1+mfs  -       Outstanding
Management Ltd                          Fund – Monthly
                                        Interval Fund – Series I
Reliance Nippon Life Asset              Nippon India Interval ICRA A1+mfs  -       Outstanding
Management Ltd                          Fund – Monthly
                                        Interval Fund – Series II
Reliance Nippon Life Asset              Nippon India Interval ICRA A1+mfs  -       Outstanding
Management Ltd                          Fund - Quarterly
                                        Interval Fund - Series II
Reliance Nippon Life Asset              Nippon India Ultra    ICRA A4mfs@  -       Downgraded
Management Ltd                          Short Duration Fund                        from ICRA
                                                                                   A2+mfs
@ and placed on notice for withdrawal for 1 month
Secoora Tiles Llp                       FB – EPC/FBD/PCFC/EBR^ICRA A4      -       -
(Rating moved to the ‘Issuer Not Cooperating’ category) / ^Sub-limit of Cash Credit limit
Secoora Tiles Llp                       FB – Forward Contract ICRA A4      -       -
                                        Limit^
(Rating moved to the ‘Issuer Not Cooperating’ category) / ^Sub-limit of Cash Credit limit
Secoora Tiles Llp                       Non fund Based – BG   ICRA A4      15      -
(Rating moved to the ‘Issuer Not Cooperating’ category)
Shiva Polytubes Pvt. Ltd.               Non-Fund Based        ICRA A4      -       -
(Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category)
Shiva Structures Pvt Ltd                ST - Non-Fund Based   ICRA A4      90      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category.)
Shivam Hi Tech Steels Pvt. Ltd          Non-Fund Based LOC    ICRA A4      40      -
(Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category)
Shivam Hi Tech Steels Pvt. Ltd          Non-Fund Based BG     ICRA A4      115     -
(Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category)
Shivam Hi Tech Steels Pvt. Ltd          Non- Fund Based       ICRA A4      1.1     -
                                        Derivative
(Downgraded from ICRA A4+ and continues to remain under ‘Issuer Not Cooperating’ category)
Sigachi Industries Pvt. Ltd.            Non-fund based        ICRA A4+     107.5   -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Solidus Hi-Tech Products Pvt            ST - Non-Fund Based   ICRA A4      42.5    -
Ltd
(Continues to remain under the ‘Issuer Not Cooperating’ category.)
Tata Capital Housing Finance            CP                    ICRA A1+     80000   Outstanding
Ltd
Tci Express Ltd                         CP                    ICRA A1+     250     Reaffirmed
Tcpl Packaging Ltd                      ST, Non-fund Based    ICRA A2+     200     Reaffirmed
Teekay Marines Pvt Ltd                  Non-fund based –      ICRA A4      3       -
                                        Credit Exposure Limit
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Trinity Mahalasa Durga Sales            Non-Fund Based – BG   ICRA A4      15      -
And Services
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Karthik Roofings                        ST – Non FB Fac       ICRA D       27.7    -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Karthik Roofings And                    ST – Non FB Fac       ICRA D       38.3    -
Structurals Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)

LONG TERM RATINGS:
-------------------
Ankit Diamonds                          Bank Loans            ICRA D       500     -
(Reason for delay in carrying out periodic review –Issuer Not Cooperating) 
4 Genius Minds                          FB                    ICRA D       450     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
4 Genius Minds                          Unallocated           ICRA D       200     -
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Adie Broswon Breweries Pvt Ltd          LT - Fund Based/CC    ICRA B+      90      -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Adie Broswon Breweries Pvt Ltd          LT - Fund Based/TL    ICRA B+      721.4   -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Adie Broswon Breweries Pvt Ltd          LT - Unallocated      ICRA B+      243.1   -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Advantage Computers India Pvt           LT Fund Based/CC      ICRA B+      140     Downgraded
Ltd                                                           (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Advantage Computers India Pvt           LT Unallocated        ICRA B+      6       Downgraded
Ltd                                                           (Stable)             from ICRA
                                                                                   BB- (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Atr Warehousing Pvt Ltd                 LT - Fund Based/ CC   ICRA D       125     -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Atr Warehousing Pvt Ltd                 LT - Fund Based TL    ICRA D       257.5   -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Atr Warehousing Pvt Ltd                 LT - Unallocated      ICRA D       387.5   -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Avr Overseas Pvt Ltd                    Fund Based -CC        ICRA BB/     100     -
                                                              (Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
B.V.L. Exports Pvt Ltd                  LT - Fund Based/ CC   ICRA B       1250
                                                              (Negative)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA      -       Withdrawn
- Imlrt June 2018 A                                           (SO)
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA      -       Withdrawn
- Imlrt June 2018 B                                           (SO)
Bharat Financial Inclusion Ltd          PTC Series A1         ICRA AA      -       Withdrawn
- Imlrt November 2017                                         (SO)
Bulktainer Shipping Ltd                 LT FB Limits          ICRA         50.8    -
                                                              B+(Stable)
(ISSUER NOT COOPERATING  Long-term rating downgraded from ICRA BB(Stable) and continues to
remain under the Issuer Not Cooperating category)
Bulktainer Shipping Ltd                 LT FB Limits          ICRA         50.8    -
                                                              B+(Stable)
(ISSUER NOT COOPERATING  Long-term rating downgraded from ICRA BB(Stable) and continues to
remain under the Issuer Not Cooperating category)
Bulktainer Shipping Ltd                 Unallocated limit     ICRA B+/ A4  41.7    -
(ISSUER NOT COOPERATING  Long-term rating downgraded from ICRA BB(Stable) and continues to
remain under the Issuer Not Cooperating category)
Captab Biotec Unit - Ii                 FB                    ICRA D       80.3    -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Captab Biotec Unit - Ii                 Unallocated           ICRA D       14.7    -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Captab Biotec Unit - Ii                 Non-fund Based        ICRA D       35      -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Daaj Hotels And Resorts Pvt Ltd         LT - Fund Based/ TL   ICRA D       795     -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Darling Digital World Pvt Ltd           CC - LT               ICRA BB+     140     Reaffirmed
Dhansmruti Textiles Pvt Ltd             LT - Fund Based/ CC   ICRA B+      62.5    -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Dhansmruti Textiles Pvt Ltd             LT - Fund Based TL    ICRA B+      389.7   -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Dhansmruti Textiles Pvt Ltd             LT - Unallocated      ICRA B+      10.3    -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Drs Infratech Pvt Ltd                   CC                    ICRA B+      80      -
                                                              (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Drs Infratech Pvt Ltd                   BG                    ICRA B+      240     -
                                                              (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Drs Infratech Pvt Ltd                   Unallocated Limits    ICRA B+      10      -
                                                              (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Elite Shelters                          LT - Fund Based/ CC   ICRA B+      165     -
                                                              (Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Elite Shelters                          LT - Unallocated      ICRA B+      185     -
                                                              (Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Flexi Caps Amp; Polymers Pvt            FB limits             ICRA BB-     196.2   -
Ltd                                                           (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Flexi Caps Amp; Polymers Pvt            Unallocated           ICRA BB-     6.5     -
Ltd                                                           (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Fortune Bella Casa (Unit Of             FB Limits             ICRA B-      150     -
Bardiya Construction Co. Pvt.                                 (Stable)
Ltd.)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
Graduate Agro And Mechanical            FB Limits             ICRA B+      85.6    -
Engineers                                                     (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Graduate Agro And Mechanical            Unallocated Limits    ICRA B+      3.4     -
Engineers                                                     (Stable) /
                                                              A4
(Long term rating downgraded from ICRA BB- (Stable); continues to remain under ‘Issuer Not
Cooperating’ category)
Great Value Fuels Pvt Ltd               LT FB                 ICRA B+      1131    -
                                                              (Stable)
(Rating downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Great Value Fuels Pvt Ltd               LT: Non-fund based    ICRA B+      100     -
                                                              (Stable)
(Rating downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Great Value Fuels Pvt Ltd               LT: Unallocated       ICRA B+      169     -
                                                              (Stable)
(Rating downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Gsr Movies                              LT Fund Based/TL      ICRA B+      100     -
                                                              (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to the ‘Issuer Not Cooperating’
category)
Happy Forgings Ltd                      TL                    ICRA A       720     Reaffirmed
                                                              (Positive)
Happy Forgings Ltd                      Unallocated Limits    ICRA A       830     Reaffirmed
                                                              (Positive)/
                                                              A1
Jaina India Pvt Ltd                     LT - Unallocated      ICRA BBB     174     Reaffirmed
                                                              (Negative)
(provisional rating confirmed as final)
Jaina India Pvt Ltd                     LT fund based         ICRA BBB     1076    Reaffirmed
                                                              (Negative)
(provisional rating confirmed as final)
Jaina Marketing Amp; Associates         LT- Unallocated       ICRA BBB     200     Reaffirmed
                                                              (Negative)
Karnataka Co-Operative Milk             Fund based – Working  ICRA         700     Assigned
Producer'S Federation Ltd               capital Fac           A+(Stable)
Karnataka Co-Operative Milk             Unallocated limits    ICRA         300     Assigned
Producer'S Federation Ltd                                     A+(Stable)
                                                              / A1+
Karthik Roofings                        LT – TL               ICRA D       17.3    -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Karthik Roofings                        LT – CC               ICRA D       55      -
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Karthik Roofings And                    LT – TL               ICRA D       41.7    -
Structurals Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Karthik Roofings And                    LT – CC               ICRA D       20      -
Structurals Pvt Ltd
(Rating Continues to remain under ‘Issuer Not Cooperating’ category)
Limitorque India Ltd                    LT - Fund Based/ TL   ICRA         170     -
                                                              B/(Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Limitorque India Ltd                    LT - Fund Based/CC    ICRA         119     -
                                                              B/(Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Lmj International Ltd                   FBL                   ICRA D       1737    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Lmj International Ltd                   Non - FBL             ICRA D       3300    -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Lmj International Ltd                   Unallocated Limits    ICRA D       430     -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Mangalam Rice Mill Pvt Ltd              Fund based – CC       ICRA B+      56      -
 (Downgraded from ICRA BB- and Continues to remain under ‘Issuer Not Cooperating’ category.)
Mangalam Rice Mill Pvt Ltd              FB – TL               ICRA B+      31.7    -
 (Downgraded from ICRA BB- and Continues to remain under ‘Issuer Not Cooperating’ category.)
Mangalam Rice Mill Pvt Ltd              Unallocated limits    ICRA B+      4       -
 (Downgraded from ICRA BB- and Continues to remain under ‘Issuer Not Cooperating’ category.)
Marpol Pvt Ltd                          Fund Based – CC       ICRA         105     -
                                                              B+/(Stable)
(Downgraded from ICRA BB-(Stable) ISSUER NOT COOPERATING; Rating continues to remain in the
‘Issuer Not Cooperating’ category)
Maruti Meditech Pvt Ltd                 Untied Limits         ICRA B+      6.5     -
(Downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Maruti Meditech Pvt Ltd                 FBL                   ICRA B+/     57.9    -
                                                              (Stable)
(Downgraded from ICRA BB- (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Meher Advanced Materials Pvt.           LT- FB CC             ICRA         15      Withdrawn
Ltd.                                                          BB-(Stable)
Meher Advanced Materials Pvt.           LT - Fund Based TL    ICRA         23      Withdrawn
Ltd.                                                          BB-(Stable)
Meher Advanced Materials Pvt.           LT - Unallocated      ICRA         36      Withdrawn
Ltd.                                                          BB-(Stable)
Oriental Sales Corporation              LT Fund Based/CC      ICRA B+/     20      -
                                                              (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
P N Rao                                 LT - Fund Based/ CC   ICRA BB      60      -
                                                              (Stable)
(Rating downgraded from ICRA BBB- (Stable) and moved to ‘Issuer Not Cooperating’ category)
P N Rao                                 LT – Fund Based TL    ICRA BB      27      -
                                                              (Stable)
(Rating downgraded from ICRA BBB- (Stable) and moved to ‘Issuer Not Cooperating’ category)
Presidency Exports Amp;                 FB Bk limits          ICRA D / D   130     -
Industries Ltd
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Reliance Nippon Life Asset              Nippon India Low      ICRA AA+mfs@ -       Outstanding
Management Ltd                          Duration Fund
@Under rating Watch with Negative Implications
Reliance Nippon Life Asset              Nippon India Gilt     ICRA AAAmfs  -       Outstanding
Management Ltd                          Securities Fund
Reliance Nippon Life Asset              Nippon India Bking &  ICRA AAAmfs  -       Outstanding
Management Ltd                          PSU Debt Fund
Reliance Nippon Life Asset              Nippon India Dynamic  ICRA AAAmfs  -       Outstanding
Management Ltd                          Bond Fund
Reliance Nippon Life Asset              Nippon India Floating ICRA AAAmfs  -       Outstanding
Management Ltd                          Rate Fund
Reliance Nippon Life Asset              Nippon India Income   ICRA AAAmfs  -       Outstanding
Management Ltd                          Fund
Reliance Nippon Life Asset              Nippon India ST Fund  ICRA AAAmfs  -       Outstanding
Management Ltd
Reliance Nippon Life Asset              Nippon India Prime    ICRA AA-mfs@ -       Outstanding
Management Ltd                          Debt Fund
@Under rating Watch with Negative Implications
Reliance Nippon Life Asset              Nippon India          ICRA A-mfs@  -       placed on
Management Ltd                          Strategic Debt Fund                        notice for
                                                                                   withdrawal
                                                                                   for 1 month
@Under rating Watch with Negative Implications
Reliance Nippon Life Asset              Nippon India Capital  Provisional  -       Outstanding
Management Ltd                          Protection Fund II -  ICRA AAA
                                        Plan A                (SO)
Reliance Nippon Life Asset              Nippon India Capital  Provisional  -       Outstanding
Management Ltd                          Protection Fund II -  ICRA AAA
                                        Plan B                (SO)
Secoora Tiles Llp                       FB – TL               ICRA         100     -
                                                              B+(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Secoora Tiles Llp                       Fun-based – CC        ICRA         50      -
                                                              B+(Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Shiva Polytubes Pvt. Ltd.               Fund based-CC         ICRA B+      65      -
                                                              (Stable)
(Downgraded from ICRA BB+ and continues to remain under ‘Issuer Not Cooperating’ category)
Shiva Polytubes Pvt. Ltd.               Untied Limits         ICRA B+      25.6    -
                                                              (Stable)
(Downgraded from ICRA BB+ and continues to remain under ‘Issuer Not Cooperating’ category)
Shiva Structures Pvt Ltd                LT - Fund Based/ CC   ICRA B-/     75      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category.)
Shiva Structures Pvt Ltd                LT - Fund Based TL    ICRA B-/     60      -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category.)
Shivam Hi Tech Steels Pvt. Ltd          Fund based-TL         ICRA B+      42.3    -
                                                              (Stable)
(Downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Shivam Hi Tech Steels Pvt. Ltd          Fund based-CC         ICRA B+      200     -
                                                              (Stable)
(Downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Shivam Hi Tech Steels Pvt. Ltd          Fund Based- Stand by  ICRA B+      10      -
                                        Line of Credit        (Stable)
(Downgraded from ICRA BB+ (Stable) and continues to remain under ‘Issuer Not Cooperating’
category)
Shivam Hi Tech Steels Pvt. Ltd          Untied Limits         ICRA B+      25.4    -
                                                              (Stable)/A4
(Downgraded from ICRA BB+(Stable)/ A4+ and continues to remain under ‘Issuer Not Cooperating’
category)
Shree Balbir Food Product Pvt           Fund Based – CC       ICRA B+      120     -
Ltd                                                           (Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Shree Balbir Food Product Pvt           Fund Based – TL       ICRA B+      30      -
Ltd                                                           (Stable)
(Rating moved to the ‘Issuer Not Cooperating’ category)
Shree Guru Nanak Dev Rice Mills         Fund based - CC       ICRA B       60      -
                                                              (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Sigachi Industries Pvt. Ltd.            Fund based            ICRA BB+     286.8   -
                                                              (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Sigachi Industries Pvt. Ltd.            Unallocated Limits    ICRA BB+     5.7     -
                                                              (Stable) /
                                                              A4
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Solidus Hi-Tech Products Pvt            LT - Fund Based TL    ICRA B+      71.7    -
Ltd                                                           (Stable)
(Rating downgraded from ICRA BB(Stable) and continues to remain under the ‘Issuer Not
Cooperating’ category)
Solidus Hi-Tech Products Pvt            LT / ST - Fund Based  ICRA B+      155     -
Ltd                                                           (Stable) /
                                                              A4
(Rating downgraded from ICRA BB(Stable) / A4 and continues to remain under the ‘Issuer Not
Cooperating’ category)
Solidus Hi-Tech Products Pvt            LT / ST - Unallocated ICRA B+      0.8     -
Ltd                                                           (Stable) /
                                                              A4
(Rating downgraded from ICRA BB(Stable) / A4 and continues to remain under the ‘Issuer Not
Cooperating’ category)
Stumpp Schuele & Somappa Pvt            LT - Fund Based/ CC   ICRA BB      370     -
Ltd                                                           (Stable)
(Rating downgraded from ICRA BBB (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Stumpp Schuele & Somappa Pvt            LT – Fund TL          ICRA BB      530     -
Ltd                                                           (Stable)
(Rating downgraded from ICRA BBB (Stable) and moved to the ‘Issuer Not Cooperating’ category)
Tata Aia Life Insurance Co. Ltd         CPA rating            iAAA         -       Reaffirmed
Tata Capital Housing Finance            NCD programme         ICRA AAA     10000   Assigned
Ltd                                                           (Stable)
Tata Capital Housing Finance            NCD programme         ICRA AAA     23580   Outstanding
Ltd                                                           (Stable)
Tata Capital Housing Finance            Retail Bonds          ICRA AAA     50000   Outstanding
Ltd                                     programme (incl. NCDs (Stable)
                                        and Subordinated debt)
Tata Capital Housing Finance            Subordinated Debt     ICRA AAA     11000   Outstanding
Ltd                                     programme             (Stable)
Tcpl Packaging Ltd                      Long-TL               ICRA A-      1627.5  Reaffirmed
(Outlook revised to Negative from Stable)
Tcpl Packaging Ltd                      LT, FB Fac            ICRA A-      1410    Reaffirmed
(Outlook revised to Negative from Stable)
Tcpl Packaging Ltd                      LT / ST – Unallocated ICRA A- /    208.4   Reaffirmed
                                                              A2+
(Outlook revised to Negative from Stable)
Teekay Marines Pvt Ltd                  Fund based – Export   ICRA B       100     -
                                        Packing Credit (EPC)  (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Teekay Marines Pvt Ltd                  Fund based – Foreign  ICRA B       30      -
                                        Bill Discounting (FBD)(Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Teekay Marines Pvt Ltd                  Fund based – Standby  ICRA B       15      -
                                        Line of Credit (SLC)  (Stable)
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
The Vasista Educational Society         LT - Fund Based/ CC   ICRA D       20      -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
The Vasista Educational Society         LT - Fund Based TL    ICRA D       82      -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
The Vasista Educational Society         LT / ST - Unallocated ICRA D / D   118     -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Trinity Mahalasa Durga Sales            Fund based – CC       ICRA B+      45      -
And Services                                                  (Stable)
(Rating continues to remain in the ‘Issuer Not Cooperating’ category)
V.R.K. Associates Pvt Ltd               Fund based-TL         ICRA D       80      -
(Rating continues to remain under ‘Issuer Not Cooperating’ category)


--------------------------------------------------------------------------------------------
$: 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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