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RPT-ICRA ratings for Indian debt instruments-Oct 9
October 9, 2017 / 10:57 AM / in a month

RPT-ICRA ratings for Indian debt instruments-Oct 9

 (Repeating to add additional ratings)
    Oct 09 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of October 6, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
A. S. Export                            FB Limits             ICRA A3      750     Reaffirmed
Acute Ceramic Pvt Ltd                   BG                    ICRA A4      13      Reaffirmed
Allevard Iai Suspensions Pvt            Non-fund based – BG   ICRA A4      1.8     Reaffirmed
Ltd
Altico Capital India Pvt Ltd            CP Programme          ICRA A1+     5000    Assigned /
                                                                                   outstanding
Ankur Udyog Ltd                         ST Non-fund Based     ICRA A2+     7       Upgraded
                                                                                   from ICRA A2
Aseem Exports                           Non-FBL               ICRA A4      15      Assigned
Axison Vitrified Pvt. Ltd.              Non-fund based – BG   ICRA A4      15      Assigned
Bti Payments Pvt Ltd                    FB Fac                ICRA A1      3100    Reaffirmed
Cruso Granito Pvt Ltd                   Non-FBL               ICRA A4      30      Assigned
Devi Marine Foods Exports Pvt           ST - FB Fac           ICRA A3      650     Assigned /
Ltd                                                                                Outstanding
Devi Marine Foods Exports Pvt           ST - Non-FB Fac       ICRA A3      30      Outstanding
Ltd
Dixon Technologies (India) Pvt          ST FB Limits          ICRA A1+     410     Upgraded
Ltd                                                                                from ICRA A1
earlier 69.0 CR
Dixon Technologies (India) Pvt          ST Non-FBL            ICRA A1+     850**   Upgraded
Ltd                                                                                from ICRA A1
**includes Rs. 31.0 crore of limits which are interchangeable to fund-based limits
Dixon Technologies (India) Pvt          Unallocated           ICRA A1+     67      Upgraded
Ltd                                                                                from ICRA A1
earlier 0.7 CR
Dixon Technologies (India) Pvt          CP                    ICRA A1+     250     Upgraded
Ltd                                                                                from ICRA A1
Edelweiss Retail Finance Ltd            CP Programme          ICRA A1+     5000    Outstanding
Edelweiss Retail Finance Ltd            ST NCD Programme      ICRA A1+     1000    Outstanding
Emdet Engineers Pvt Ltd                 ST Non FB             ICRA A4      5       Reaffirmed
Hafele India Pvt Ltd                    ST fund based         ICRA A1      550     Reaffirmed
Hiten Fasteners Pvt Ltd                 ST- Non-FBL           ICRA A3      41.9    Reaffirmed
Hiten Fasteners Pvt Ltd                 ST- FBL               ICRA A3      60      Reaffirmed
Hnb Engineers Pvt Ltd                   ST – Non Fund Based – ICRA A4      600     Assigned
                                        BG
Hnb Engineers Pvt Ltd                   ST – Non Fund Based – ICRA A4      100     Assigned
                                        LOC
Hooghly Alloy & Steels Co. Pvt          FB Limits^            ICRA A4      -       Reaffirmed
Ltd
^ Sub-limit of the fund based facilities of Rs. 30.00 crore
Hooghly Alloy & Steels Co. Pvt          Non FB Limits^        ICRA A4      -       Reaffirmed
Ltd
^ Sub-limit of the fund based facilities of Rs. 30.00 crore
Infina Finance Pvt Ltd                  CP Programme          ICRA A1+     4500    Assigned
Infina Finance Pvt Ltd                  CP Programme (IPO     ICRA A1+     75000   Assigned
                                        financing)
Jaxx Vitrified Pvt Ltd                  Non-fund Based BG     ICRA A3      101     Reaffirmed
                                        Limit
Jaxx Vitrified Pvt Ltd                  Non-fund Based        ICRA A3      -       Reaffirmed
                                        Foreign LOC**
Kader Exports Pvt Ltd                   ST - FB Fac           ICRA A3      700     Assigned /
                                                                                   Outstanding
Kader Exports Pvt Ltd                   ST - FB Fac           ICRA A3      -       Outstanding
                                        (sub-limit)
Kader Exports Pvt Ltd                   ST - Non-FB Fac       ICRA A3      17.5    Outstanding
Kader Investment And Trading            ST - FB Fac           ICRA A3      400     Assigned /
Company Pvt Ltd                                                                    Outstanding
Kader Investment And Trading            ST - Non-FB Fac       ICRA A3      5       Outstanding
Company Pvt Ltd
Katira Construction Ltd                 Non-fund Based BG     ICRA A2      976.5   Reaffirmed
enhanced from Rs. 46.50 crore
Kitex Childrenswear Ltd                 ST FB Fac             ICRA A1+     650     Reaffirmed
Kitex Childrenswear Ltd                 ST non fundbased Fac  ICRA A1+     60      Reaffirmed
Kitex Garments Ltd                      ST FB Fac             ICRA A1+     1170    Reaffirmed
Kitex Garments Ltd                      ST non fundbased Fac  ICRA A1+     200     Reaffirmed
Kotak Securities Ltd                    CP                    ICRA A1+     25000   Reaffirmed
reduced from 4,000 CR
Kripton Ceramic Pvt Ltd                 Non FB – BG           ICRA A4      11.6    Reaffirmed
Kusum Metals Pvt Ltd                    ST FB                 ICRA A4      300     Reaffirmed
Liberty Frozen Foods Pvt Ltd            ST - FB Fac           ICRA A3      170     Assigned/
                                                                                   Outstanding
enhanced from 15 CR
Liberty Frozen Foods Pvt Ltd            ST - Non-FB Fac       ICRA A3      5       Outstanding
Liberty Frozen Foods Pvt Ltd            ST - Non-FB Fac       ICRA A3      -       Outstanding
                                        (sub-limit)
Lovin Tiles Llp                         Non- FBL (Proposed)   ICRA A4      17      Assigned
Lumax Industries Ltd                    ST fund based (WCDL)  ICRA A1+     200     Reaffirmed
Lumax Industries Ltd                    ST non-fund based     ICRA A1+     1100    Reaffirmed
revised from 100 CR
Lumax Industries Ltd                    CP                    ICRA A1+     500     Reaffirmed
Mayur Enterprise                        Non FB Limits         ICRA A4      20      -
ISSUER NOT CO-OPERATING
Miter And Miter Engineers Pvt           ST Non FB             ICRA A4      10      Reaffirmed
Ltd
Motherson Sumi Systems Ltd              CP/STD programme      ICRA A1+     1500    Reaffirmed
Premier Marine Products Pvt             ST - FB Fac           ICRA A3      250     Assigned/
Ltd (Erstwhile Premier Marine                                                      Outstanding
Products)
enhanced from 20 CR
Premier Marine Products Pvt             ST - FB Fac (sublimit)ICRA A3              Assigned/
Ltd (Erstwhile Premier Marine                                                      Outstanding
Products)
Premier Marine Products Pvt             ST - Non-FB Fac       ICRA A3      30      Assigned/
Ltd (Erstwhile Premier Marine                                                      Outstanding
Products)
enhanced from 2.70 CR
R J Buildcon Pvt Ltd                    ST – Non-fund based-  ICRA A4      60      -
                                        BG
ISSUER NOT COOPERATING
Raj Industries                          ST Bk Fac             ICRA A2+     170     Reaffirmed
Ratnagiri Ceramics Pvt Ltd              Non Fund Based- ST    ICRA A4      45      Withdrawn
Salguti Industries Ltd                  ST - Non Fund Based   ICRA A4      79.3    Upgraded
                                                                                   from ICRA D
revised from Rs. 8.14 crore
Seasons Healthcare Ltd                  NFBL                  ICRA A4      50.8    -
ISSUER NOT COOPERATING
Spunweb Nonwoven Pvt. Ltd.              Non FB – BG           ICRA A4      4.5     Reaffirmed
Stefina Ceramic Pvt Ltd                 Non-fund Based BG     ICRA A4      12.5    Reaffirmed
Sterling Tools Ltd                      ST Non FB Fac         ICRA A1+     327.5   Reaffirmed
Sukhmani Cotton Industries              ST FB Facility        ICRA A4      160     Reaffirmed
Susee Motors (India) Pvt Ltd            ST Non-fund Based     ICRA A4      30
Review process is underway
Tata Global Beverages Ltd               Non-fund based        ICRA A1+     240     Reaffirmed
Tata Global Beverages Ltd               ST debt (including    ICRA A1+     7150    Reaffirmed /
                                        CP)**                                      assigned
** Total borrowing under CP and fund based facilities from banks to remain within an overall
limit of Rs 715 crore
Universal Cold Storage Pvt Ltd          ST - FB Fac           ICRA A3              Assigned /
                                        (sub-limit)                                Outstanding
enhanced from 20.0 CR
Universal Cold Storage Pvt Ltd          ST - Non-FB Fac       ICRA A3      61      Assigned /
                                                                                   Outstanding
enhanced from 5.10 CR
Varroc Engineering Pvt Ltd              CP                    ICRA A1+     1000    Reaffirmed
Varroc Polymers Pvt Ltd                 CP                    ICRA A1+     750     Reaffirmed
Versatile Engineers                     ST – Non FB BG        ICRA A4      6       -
ISSUER NOT COOPERATING
Vinayak Diamond Tools                   Non-FBL               ICRA A4      40      Assigned
Virgo Aluminium Ltd                     ST Non-fund Based     ICRA A2      292.5   Reaffirmed
enhanced from 27.75 CR
Vijeta Projects &                       Non-FB Fac            ICRA D       1945    Revised from
Infrastructures Ltd.                                                               ICRA A4
West Coast Foods                        FB – FBP/FBD          ICRA A4      10      -
ISSUER NOT COOPERATING
West Coast Foods                        FB – EPC cum FBP/FBD  ICRA A4      40      -
ISSUER NOT COOPERATING
Winmax Ceramic Pvt Ltd                  Non-fund Based BG     ICRA A4      15      Reaffirmed
Yashashree Tubes Pvt Ltd                ST Non Fundbased      ICRA D       10      -
ISSUER NOT COOPERATING
Zuri Hospitality Pvt Ltd                Non-FB Fac            ICRA A4      7.5     Assigned


LONG TERM RATINGS:
-------------------
Aavas Financiers Ltd                    PTC Series A          Provisional  1076.7  Assigned
                                                              ICRA AA
Acute Ceramic Pvt Ltd                   TL                    ICRA B+      67.8    Reaffirmed
Acute Ceramic Pvt Ltd                   CC                    ICRA B+      20      Reaffirmed
Acute Ceramic Pvt Ltd                   Unallocated Limits    ICRA B+ /A4  4.6     Reaffirmed
Agrasia Impex                           BLR                   ICRA B       70      -
ISSUER NOT COOPERATING
Allevard Iai Suspensions Pvt            FB – TL               ICRA B+      113     Reaffirmed
Ltd
Allevard Iai Suspensions Pvt            Fund based – CC       ICRA B+      25      Reaffirmed
Ltd
Allevard Iai Suspensions Pvt            Fund based - OverdraftICRA B+      20      Reaffirmed
Ltd
Allevard Iai Suspensions Pvt            Unallocated limits    ICRA B+ /    5.2     Reaffirmed
Ltd                                                           ICRA A4
Ankur Udyog Ltd                         LT Fund Based         ICRA BBB+    143     Reaffirmed
Arihant Dream Infra Projects            LT - FBL              ICRA D       149     -
Ltd
Issuer did not cooperate; based on best available information
Asa International India                 TL                    ICRA BBB-    4500    Assigned
Microfinance Pvt Ltd
enhanced from 160 CR
Aseem Exports                           FB Limits             ICRA BB-     82      Assigned
Aseem Exports                           Unallocated Limits    ICRA BB-     0.5     Assigned
Axison Vitrified Pvt. Ltd.              FB – CC               ICRA B+      25.3    Assigned
Axison Vitrified Pvt. Ltd.              FB – TL               ICRA B+      98.7    Assigned
Bangalore Institute Of                  LT- TL                ICRA B       99.5    -
Gastroenterology Pvt Ltd
ISSUER NOT CO-OPERATING
Bangalore Institute Of                  LTUnallocated Limit   ICRA B       0.5     -
Gastroenterology Pvt Ltd
ISSUER NOT CO-OPERATING
Benny Product Pvt Ltd                   LT – FB Fac           ICRA BB      55      Reaffirmed
Benny Product Pvt Ltd                   LT – Proposed         ICRA BB      145     Reaffirmed
Chhaddami Lal Jagdish Saran             FB FacLT              ICRA B+      99
Charitable Trust
Issuer not cooperating
Cruso Granito Pvt Ltd                   FB Limits             ICRA B+      600     Assigned
Crystal Sea Foods Pvt Ltd               BLR                   ICRA B+ /    295
                                                              ICRA A4
Issuer not cooperating
Dedicated Freight Corridor              Credit Opinion        ICRA AAA     -       -
Corporation Of India Ltd
Review process is underway
Devi Marine Foods Exports Pvt           LT – TL Fac           ICRA BBB-    9       Assigned
Ltd
Devi Marine Foods Exports Pvt           LT - FB Fac           ICRA BBB-    250     Outstanding
Ltd
Dixon Technologies (India) Pvt          TL                    ICRA A+      133     Upgraded
Ltd                                                                                from ICRA A
Dixon Technologies (India) Pvt          Non-FBL               ICRA A+      20      Upgraded
Ltd                                                                                from ICRA A
Durovalves India Pvt Ltd                TL                    ICRA AA-     150     Reaffirmed
Durovalves India Pvt Ltd                FB Fac                ICRA AA-     200     Reaffirmed
                                                              /A1+
reduced from 32.00 CR
Durovalves India Pvt Ltd                Non-FB Fac            ICRA AA-     280     Reaffirmed
                                                              /A1+
Durovalves India Pvt Ltd                FB/ Non-FB Fac        ICRA AA-     120     Reaffirmed
                                                              /A1+
Edelweiss Retail Finance Ltd            Subordinated Debt     ICRA AA      1000    Assigned
                                        Programme
Edelweiss Retail Finance Ltd            NCD Programme         ICRA AA      15000   Outstanding
Edelweiss Retail Finance Ltd            Subordinated Debt     ICRA AA      3500    Outstanding
                                        Programme
Edelweiss Retail Finance Ltd            Bk Lines              ICRA AA      15000   Outstanding
Emdet Engineers Pvt Ltd                 LT FB TL              ICRA BB      55.8    Reaffirmed
Emdet Engineers Pvt Ltd                 LT FB CC              ICRA BB      75      Reaffirmed
Fedora Sea Foods Pvt Ltd                LT – TL               ICRA B+      100     -
ISSUER NOT COOPERATING
Ganta Sriram Educational                LT fund based         ICRA B+      59
Society
ISSUER NOT COOPERATING
Ganta Sriram Educational                LT Unallocated        ICRA B+      41
Society
ISSUER NOT COOPERATING
Gillco Developers & Builders            FB Limits             ICRA BB      650     Assigned /
Pvt Ltd                                                                            Outstanding
Graphic Era Educational Society         LT FBL                ICRA BBB-    2141
Graphic Era Educational Society         Proposed/ Unallocated ICRA BBB-    1859
                                        Bk Fac
Hafele India Pvt Ltd                    LT / ST FB            ICRA A /     300     Reaffirmed
                                                              ICRA A1
Hafele India Pvt Ltd                    LT / ST, FB / non-FBL ICRA A /     1450    Reaffirmed
                                                              ICRA A1
Hafele India Pvt Ltd                    LT / ST               ICRA A /     -       Reaffirmed
                                        interchangeable       ICRA A1
Hiten Fasteners Pvt Ltd                 LT- CC                ICRA BBB-    120     Reaffirmed
Hiten Fasteners Pvt Ltd                 LT- TL                ICRA BBB-    87.5    Reaffirmed
Hnb Engineers Pvt Ltd                   LT – Fund Based – CC  ICRA BB-     370     Assigned
Hooghly Alloy & Steels Co. Pvt          FB Limits             ICRA BB      300     Reaffirmed
Ltd
Jaxx Vitrified Pvt Ltd                  FB TL Limits          ICRA BBB-    421.7   Reaffirmed
Jaxx Vitrified Pvt Ltd                  FB CC Limits          ICRA BBB-    180     Reaffirmed
Jaxx Vitrified Pvt Ltd                  Unallocated Limits    ICRA BBB- /  532.3   Reaffirmed
                                                              A3
Kader Exports Pvt Ltd                   LT - TL Fac           ICRA BBB-    175     Outstanding
Kader Exports Pvt Ltd                   LT - FB Fac           ICRA BBB-    300     Assigned /
                                                                                   Outstanding
Kader Investment And Trading            LT - TL Fac           ICRA BBB-    39      Outstanding
Company Pvt Ltd
Kader Investment And Trading            LT - FB Fac           ICRA BBB-    150     Outstanding
Company Pvt Ltd
Kader Investment And Trading            LT/ST Unallocated     ICRA BBB- /  30      Assigned
Company Pvt Ltd                                               A3
Katira Construction Ltd                 FB Working Capital    ICRA BBB+    190     Reaffirmed
                                        Limits
enhanced from Rs. 16.00 crore
Kishan Ginning & Pressing               FB – CC               ICRA B+      135     Reaffirmed
Factory
Kissan Poultry (India) Pvt.             FB Fac                ICRA D       136.1   assigned
Ltd.
Kitex Childrenswear Ltd                 Term-loan facility    ICRA AA-     81.6    Reaffirmed
Kitex Childrenswear Ltd                 LT/ST unallocated     ICRA AA- /   228.7   Reaffirmed
                                                              A1+
Kitex Garments Ltd                      Term-loan facility    ICRA AA-     89.4    Reaffirmed
Kitex Garments Ltd                      LT/ST unallocated     ICRA AA- /   340.8   Reaffirmed
                                                              A1+
Kotak Securities Ltd                    LT Debt Programme     ICRA AAA     500     Reaffirmed
Kpr Industries (India) Ltd              FB – TL               ICRA D       3375.4
ISSUER NOT COOPERATING
Kpr Industries (India) Ltd              Unallocated – LT/ST   ICRA D       1574.6
ISSUER NOT COOPERATING
Kranti Cotton And Oil                   FB Limit              ICRA B+      70.2    Upgraded
Industries                                                                         from ICRA B
Kripton Ceramic Pvt Ltd                 FB – CC               ICRA B+      30      Upgraded
                                                                                   from ICRA B
Kripton Ceramic Pvt Ltd                 FB – TL               ICRA B+      36.8    Upgraded
                                                                                   from ICRA B
Kripton Ceramic Pvt Ltd                 Unallocated Limit     ICRA B+ / A4 33.2    Upgraded
                                                                                   from ICRA B
                                                                                   / Assigned
Kusum Metals Pvt Ltd                    LT FB                 ICRA B+      40      Reaffirmed
Liberty Frozen Foods Pvt Ltd            LT - FB Fac           ICRA BBB-    85      Outstanding
Lovin Tiles Llp                         FB CC (Proposed)      ICRA B       60      Assigned
Lovin Tiles Llp                         FB TL (Proposed)      ICRA B       102.5   Assigned
Lovin Tiles Llp                         FB Unallocated        ICRA B       0.5     Assigned
Lumax Industries Ltd                    TL                    ICRA A+      75.8    Reaffirmed
revised from 31.55 CR
Lumax Industries Ltd                    LT fund based (CC)    ICRA A+      605     Reaffirmed
Lumax Industries Ltd                    Unallocated           ICRA A+      619.2   Reaffirmed
revised from 27.95 CR
M.G. Brothers Industries Pvt            FB Limits             ICRA BB-     67.5
Ltd
ISSUER NOT COOPERATING
M.G. Brothers Industries Pvt            Unallocated Limits    ICRA BB-     32.5
Ltd
ISSUER NOT COOPERATING
Madurai Trans Carrier Ltd.              TL                    ICRA A       600     Assigned
Maverick Properties Pvt Ltd             LT – FB – TL          ICRA BB-     350     Withdrawn
Mayur Enterprise                        FB Limits             ICRA B+      55.2    -
ISSUER NOT CO-OPERATING
Miter And Miter Engineers Pvt           LT FB TL              ICRA BB      25      Reaffirmed
Ltd
Miter And Miter Engineers Pvt           LT FB CC              ICRA BB      35      Reaffirmed
Ltd
Miter And Miter Engineers Pvt           LT-Unallocated        ICRA BB      30      Reaffirmed
Ltd
Motherson Sumi Systems Ltd              TL                    ICRA AA      12476.1 Reaffirmed
Motherson Sumi Systems Ltd              FB Fac                ICRA AA/ A1+ 6000    Reaffirmed
Motherson Sumi Systems Ltd              Non-fund based Bk Fac ICRA AA/ A1+ 1000    Reaffirmed
Narmada Clean Tech                      FB TL                 ICRA BBB-    100     Withdrawn
Narmada Clean Tech                      FB CC                 ICRA BBB-    25      Withdrawn
Padmavathi Cotton Industries            LT FBL                ICRA D       110     Downgraded
                                                                                   from ICRA B
Prabha Engineers                        LT – FB TL            ICRA B+      25      -
ISSUER NOT COOPERATING
Prabha Engineers                        LT – FB CC            ICRA B+      25      -
ISSUER NOT COOPERATING
Premier Marine Products Pvt             LT - FB Fac           ICRA BBB-    110     Assigned/
Ltd (Erstwhile Premier Marine                                                      Outstanding
Products)
enhanced from 10 CR
Prime Home Loan Trust Ii                PTC Series A          ICRA AA      1076.7  Assigned
Ps Toll Road Pvt Ltd                    LT (LT) Fund Based-TL ICRA BBB     7900    Reaffirmed
R J Buildcon Pvt Ltd                    LT – Fundbased TL     ICRA B       40      -
ISSUER NOT COOPERATING
R J Buildcon Pvt Ltd                    LT – Fundbased CC     ICRA B       40      -
ISSUER NOT COOPERATING
R J Buildcon Pvt Ltd                    FB Limit              ICRA B+      210     Reaffirmed
Raj Events And Entertainment            FB – CC               ICRA BB+     265     Assigned
Pvt Ltd
Raj Industries                          LT Bk Fac             ICRA A-      190     Reaffirmed
Ratnagiri Ceramics Pvt Ltd              TL                    ICRA B       1.1     Withdrawn
Ratnagiri Ceramics Pvt Ltd              CC                    ICRA B       72.2    Withdrawn
Ratnagiri Ceramics Pvt Ltd              Non Fund Based- LT    ICRA B       3.2     Withdrawn
Ratnagiri Ceramics Pvt Ltd              Unallocated           ICRA B       8.5     Withdrawn
S.K. Cotton Industries                  LT – FB TL            ICRA B       15      -
ISSUER NOT COOPERATING
S.K. Cotton Industries                  LT – FB CC            ICRA B       45      -
ISSUER NOT COOPERATING
Salguti Industries Ltd                  LT fund based         ICRA B-      349.9   Upgraded
                                                                                   from ICRA D
revised from Rs. 49.11 crore
Salguti Industries Ltd                  LT - Non Fund Based   ICRA B-      1.5     Upgraded
                                                                                   from ICRA D
Salguti Industries Ltd                  LT - Unallocated      ICRA B-      143.3   Upgraded
                                                                                   from ICRA D
Seasons Healthcare Ltd                  FB Limits             ICRA BB-     36      -
ISSUER NOT COOPERATING
Seasons Healthcare Ltd                  Unallocated Limits    ICRA BB-     13.2    -
ISSUER NOT COOPERATING
Shivshakti Realhome Pvt. Ltd            FB Limits             ICRA BB-     1.1     Reaffirmed
Shivshakti Realhome Pvt. Ltd            Unallocated           ICRA BB-     448.9   Reaffirmed
Silk Woven Sack Pvt Ltd                 FB Limit              ICRA B-      65      Reaffirmed
Spunweb Nonwoven Pvt. Ltd.              FB – CC               ICRA B+      55      Upgraded
                                                                                   from ICRA B
Spunweb Nonwoven Pvt. Ltd.              FB – TL               ICRA B+      80.4    Upgraded
                                                                                   from ICRA B
Spunweb Nonwoven Pvt. Ltd.              Unallocated Limit     ICRA B+      0.6     Upgraded
                                                                                   from ICRA B
Sri Radha Krishna Rice Industry         FBL – CC              ICRA B+      112.5   Reaffirmed
Sri Radha Krishna Rice Industry         Unallocated limits    ICRA B+      37.5    Reaffirmed
Sri Siddirameshwar Agro                 FB – CC               ICRA B       450     Reaffirmed
Industries Pvt Ltd
Sri Siddirameshwar Agro                 FB – TL               ICRA B       2.2     Reaffirmed
Industries Pvt Ltd
Sri Siddirameshwar Agro                 Unallocated           ICRA B /A4   67.8    Reaffirmed
Industries Pvt Ltd
Srushti Corporation                     LT FBL – TL           ICRA BB      100     Withdrawn
Stefina Ceramic Pvt Ltd                 FB CC                 ICRA B       30      Reaffirmed
Stefina Ceramic Pvt Ltd                 FB TL                 ICRA B       41.2    Reaffirmed
Stefina Ceramic Pvt Ltd                 Unallocated Limits    ICRA B       12.4    Reaffirmed
Sterling Tools Ltd                      TL                    ICRA A+      312.8   Reaffirmed
Sterling Tools Ltd                      LT FB Fac             ICRA A+      650     Reaffirmed
Sterling Tools Ltd                      Unallocated           ICRA A+      240.7   Reaffirmed
Sukhmani Cotton Industries              LT FB Facility        ICRA BB-     160     Reaffirmed
Susee Motors (India) Pvt Ltd            LT Fund Based         ICRA B       30
Review process is underway
Symcom Communication                    BLR                   ICRA B+ /    250
                                                              ICRA A4
Issuer not cooperating
Tata Global Beverages Ltd               LT Debt (including    ICRA AA+     250     Reaffirmed
                                        NCD)
Tata Global Beverages Ltd               LT Debt (including    ICRA AA+     3250    Assigned
                                        NCD)
Tata Global Beverages Ltd               LT Debt (including    ICRA AA+     3250^   Withdrawn
                                        NCD)
^Rs. 325 crore NCD has been fully repaid
Tata Global Beverages Ltd               Fund Based WC Limits##ICRA AA+ /   4000    Reaffirmed
                                                              A1+
## Long term fund based limits can also be utilized as short term fund based limits, wherein the
short term rating of       A1+ would be applicable
Tops Security Ltd                       LT, FBL               ICRA C+      415
ISSUER NOT COOPERATING
Tops Security Ltd                       Long-TL               ICRA C+      35
ISSUER NOT COOPERATING
Universal Cold Storage Pvt Ltd          LT - TL Fac           ICRA BBB-    30      Outstanding
Universal Cold Storage Pvt Ltd          LT - FB Fac           ICRA BBB-    800     Assigned/
                                                                                   Outstanding
enhanced from 60.0 CR
Varroc Engineering Pvt Ltd              TL                    ICRA AA-     1206.5  Reaffirmed
reduced from 128.65 CR
Varroc Engineering Pvt Ltd              NCD                   ICRA AA-     1000    Reaffirmed
Varroc Engineering Pvt Ltd              FB Fac                ICRA AA-     3438.5  Reaffirmed
                                                              /A1+
reduced from 424.35 CR
Varroc Engineering Pvt Ltd              Non-FB Fac            ICRA AA-     1520    Reaffirmed
                                                              /A1+
reduced from 202 CR
Varroc Engineering Pvt Ltd              FB/ Non-FB Fac        ICRA AA-     2885    Reaffirmed
                                                              /A1+
Varroc Lighting Systems India           TL                    ICRA AA-     380     Reaffirmed
Pvt Ltd
Varroc Lighting Systems India           FB Fac                ICRA AA-     250     Reaffirmed
Pvt Ltd                                                       /A1+
reduced from 32.00 CR
Varroc Lighting Systems India           FB/ Non-FB Fac        ICRA AA-     70      Reaffirmed
Pvt Ltd                                                       /A1+
Varroc Polymers Pvt Ltd                 TL                    ICRA AA-     515     Reaffirmed
Varroc Polymers Pvt Ltd                 FB Fac                ICRA AA-     395     Reaffirmed
                                                              /A1+
reduced from 129.50 CR
Varroc Polymers Pvt Ltd                 Non-FB Fac            ICRA AA-     690     Reaffirmed
                                                              /A1+
reduced from 119 CR
Varroc Polymers Pvt Ltd                 FB/ Non-FB Fac        ICRA AA-     1400    Reaffirmed
                                                              /A1+
Versatile Alucast Pvt Ltd               LT, Fund Based TL     ICRA D       80      -
                                        Limits
ISSUER NOT COOPERATING
Versatile Alucast Pvt Ltd               LT, Fund Based CC     ICRA D       31      -
                                        Limits
ISSUER NOT COOPERATING
Versatile Engineers                     LT – Fundbased TL     ICRA BB-     35.3    -
ISSUER NOT COOPERATING
Versatile Engineers                     LT – Fundbased CC     ICRA BB-     50      -
ISSUER NOT COOPERATING
Vijaya Krishna Agro Food                LT fund based         ICRA B       105
Processing Pvt Ltd
ISSUER NOT COOPERATING
Vijeta Projects &                       FB Fac                ICRA D       800     Revised from
Infrastructures Ltd.                                                               ICRA BB-
Vinayak Diamond Tools                   FB Limits             ICRA B+      223.2   Assigned
Vinayak Diamond Tools                   Unallocated Limits    ICRA B+ /    16.8    Assigned
                                                              A4
Virgo Aluminium Ltd                     LT FB                 ICRA BBB+    222.5   Reaffirmed
Virgo Aluminium Ltd                     LT Unallocated        ICRA BBB+    35      Reaffirmed
enhanced from 2.03 CR
West Coast Foods                        FB – TL               ICRA B+      12.9
ISSUER NOT COOPERATING
Winmax Ceramic Pvt Ltd                  FB CC                 ICRA B       60      Reaffirmed
Winmax Ceramic Pvt Ltd                  FB TL                 ICRA B       50      Reaffirmed
Yashashree Tubes Pvt Ltd                LT Fund based TL      ICRA D       55      -
ISSUER NOT COOPERATING
Yashashree Tubes Pvt Ltd                LT Fund based CC      ICRA D       32      -
ISSUER NOT COOPERATING
Zippy Edible Products Pvt Ltd           FB Limits – TL        ICRA BB      140     Upgraded
                                                                                   from ICRA B+
Zippy Edible Products Pvt Ltd           FB Limits – CC        ICRA BB      20      Upgraded
                                                                                   from ICRA B+
Zuri Hospitality Pvt Ltd                FB Fac                ICRA B+      40      Assigned


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