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RPT-ICRA ratings for Indian debt instruments-Sep 1
September 1, 2017 / 11:01 AM / 21 days ago

RPT-ICRA ratings for Indian debt instruments-Sep 1

 (Repeating to add more Ratings)
   Sep 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 31, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Acme Formulation Pvt Ltd                Non-FB Fac            ICRA A3+     50      Reaffirmed
Great India Steel Fabricator            BG                    ICRA A4      20      Issuer not
                                                                                   Cooperating
India Infoline Ltd                      CP programme          ICRA A1+     10000   Assigned
India Infoline Ltd                      ST Bk lines           ICRA A1+     6500    outstanding
Kailash Infratech Pvt Ltd               ST FB                 ICRA A4      10      -
ISSUER NOT COOPERATING
Lavis Signature Panel Pvt Ltd           BG                    ICRA A4      10      Reaffirmed
Lavis Signature Panel Pvt Ltd           Forward Contract      ICRA A4      50      Reaffirmed
Malik Marketing & Infracom Pvt          Non FB – BG           ICRA A4      21      Withdrawn
Ltd
ISSUER NOT COOPERATING
Paramount International                 FBL-Packing Credit    ICRA A4      50      Reaffirmed
Pnb Gilts Ltd                           CP programme          ICRA A1+     5000    Assigned
Radhika Industries                      ST, FB Limits – Bill  ICRA A4      340     -
                                        Discounting/Purchase
Shunty Bunty Automobiles Pvt            Non-FBL               ICRA A4      2       -
Ltd
Sireesh Auto Pvt Ltd                    ST- BG                ICRA A4+     60      Assigned
Swayamprabha Udyam & Company            ST – FB               ICRA A4      142.5   Assigned /
                                                                                   Outstanding
Welcome Mineral Pvt Ltd                 Non-FBL               ICRA A4      11      Reaffirmed
Phillip Finance & Investment            CP programme          ICRA A1+     500     -
Services India Pvt Ltd
Thermodyne Technologies Pvt Ltd         ST – Non Fund Based   ICRA A4      90      ISSUER NOT
                                                                                   COOPERATING
LONG TERM RATINGS:
-------------------
Acme Formulation Pvt Ltd                TL                    ICRA BBB     281     Reaffirmed
Acme Formulation Pvt Ltd                CC Fac                ICRA BBB     100     Reaffirmed
Acme Formulation Pvt Ltd                Unallocated           ICRA BBB     29      Reaffirmed
Amrut Gems                              FB limits             ICRA BB+ /   400     Reaffirmed
                                                              ICRA A4+
Amrut Gems                              Unallocated limit     ICRA BB+ /   42.4    Reaffirmed
                                                              ICRA A4+
Dali & Samir Engineering Pvt            LT – FB TL            ICRA BB+     15      Issuer not
Ltd                                                                                Cooperating
Dali & Samir Engineering Pvt            LT – FB CC            ICRA BB+     200     Issuer not
Ltd                                                                                Cooperating
Dali & Samir Engineering Pvt            LT - Unallocated      ICRA BB+     45      Issuer not
Ltd                                                                                Cooperating
Darjeeling Power Pvt Ltd                LT, FBL – TL          ICRA B+      227.5   -
ISSUER NOT COOPERATING
Darjeeling Power Pvt Ltd                LT, FBL - CC          ICRA B+      7.8     -
ISSUER NOT COOPERATING
Darjeeling Power Pvt Ltd                LT, Unallocated LimitsICRA B+      14.7    -
ISSUER NOT COOPERATING
Empire Properties                       FB Limits– CC         ICRA B       350     Withdrawn
Gorakhpur Infrastructure Co.            NCDs                  Provisional  4250    Assigned
Ltd                                                           ICRA AAA
Great India Steel Fabricator            CC                    ICRA B       120     Issuer not
                                                                                   Cooperating
Great India Steel Fabricator            TL                    ICRA B       73.1    Issuer not
                                                                                   Cooperating
Great India Steel Fabricator            Unallocated Limits    ICRA B/      26.9    Issuer not
                                                              ICRA A4              Cooperating
India Infoline Ltd                      LT – Equity linked    PP-MLDICRA   1000    outstanding
                                        debenture programme   AA
Innovador Traders Pvt Ltd               NCDs                  ICRA AA-     4150    Assigned
Innovador Traders Pvt Ltd               NCDs                  ICRA AA-     5150    outstanding
International Combustion                FB Limits             ICRA BBB     15.25   Downgraded
(India) Ltd                                                   /ICRA A2             from ICRA
                                                                                   BBB+(Stable)/
                                                                                   ICRA A2+
International Combustion                Non-FBL               ICRA BBB     180     Downgraded
(India) Ltd                                                   /ICRA A2             from ICRA
                                                                                   BBB+(Stable)/
                                                                                   ICRA A2+
Kailash Infratech Pvt Ltd               LT FB CC              ICRA B       50      -
ISSUER NOT COOPERATING
Lavis Signature Panel Pvt Ltd           CC                    ICRA B+      100     Reaffirmed
Lavis Signature Panel Pvt Ltd           TL                    ICRA B+      51.2    Reaffirmed
Maheshwar Refoils Pvt. Ltd              FB – CC               ICRA B+      40      Reaffirmed
Maheshwar Refoils Pvt. Ltd              FB – TL               ICRA B+      35      Reaffirmed
Maheshwar Refoils Pvt. Ltd              Unallocated Limit     ICRA B+ /    12.5    Reaffirmed /
                                                              ICRA A4              Assigned
Malik Marketing & Infracom Pvt          FB – CC               ICRA B       75      Withdrawn
Ltd
ISSUER NOT COOPERATING
Malik Marketing & Infracom Pvt          Untied Limit          ICRA B       4       Withdrawn
Ltd
ISSUER NOT COOPERATING
Masu Brakes Pvt Ltd                     FB Fac                ICRA BBB- /  420     Withdrawn
                                                              ICRA A3
ISSUER NOT COOPERATING
Masu Brakes Pvt Ltd                     Non-FB Fac            ICRA BBB- /  55      Withdrawn
                                                              ICRA A3
ISSUER NOT COOPERATING
Mittal Udyog Indore Pvt Ltd             CC 1                  ICRA BB-     100     Issuer not
                                                                                   Cooperating*
Nadeem Minerals                         LT – Fund Based-CC    ICRA BB+     150     Withdrawn
Radhika Industries                      LT, FB Limits –CC ^   ICRA BB-     -       -
^Cash credit is a sub-limit of bill discounting facility - ISSUER NOT
COOPERATING
S.P.R.L Foods Ltd                       FB Limits             ICRA BB-     320     Assigned
Sai Ram Constructions                   FB – CC               ICRA BB-     30      Reaffirmed
Sai Ram Constructions                   LT-Non-fund based     ICRA BB-     85      Reaffirmed
Sai Ram Constructions                   LT -Unallocated       ICRA BB-     105     Reaffirmed
Saravana Buildwell Pvt Ltd              Fund Based-TL         ICRA D       100     Revised
                                                                                   from
ICRA BB-
Shunty Bunty Automobiles Pvt            FBL                   ICRA B       147.5   -
Ltd
Shunty Bunty Automobiles Pvt            Unallocated Limits    ICRA B/A4    50.5    -
Ltd
Sireesh Auto Pvt Ltd                    LT- CC                ICRA BB      300     Reaffirmed
Sm Electronic Technologies Pvt          LT FB                 ICRA BB+     67.9    Upgraded
Ltd                                                                                from ICRA BB
Sm Electronic Technologies Pvt          LT/ ST unallocated    ICRA BB+     3.6     Upgraded
Ltd                                                           /A4+                 from ICRA
                                                                                   BB/Reaffirmed
Swayamprabha Udyam & Company            LT – FB               ICRA B+      20      outstanding
Teesta Urja Ltd                         TL                    ICRA D       33289   Reaffirmed
Thoothukudi City Municipal              Issuer Rating         IrBBB-       -       Assigned
Corporation
Unity Developers                        FB TL                 ICRA B+      92.3    Withdrawn
ISSUER NOT COOPERATING
Unity Developers                        Unallocate            ICRA B+      20      Withdrawn
Welcome Mineral Pvt Ltd                 FB Limits             ICRA B+      53.7    Reaffirmed
Welcome Mineral Pvt Ltd                 Unallocated Limits    ICRA B+      24.8    Reaffirmed
                                                              /ICRA A4
Alpine Developers                       Bk Loans              ICRA B+      197.5   ISSUER NOT
                                                                                   COOPERATING
Dharmarathina Textile Pvt Ltd           LT – TL               ICRA B+      115     -
Dharmarathina Textile Pvt Ltd           LT – FB Fac           ICRA B+      55      -
Shiv Shakti Enterprise                  Bk Loans              ICRA B       100     ISSUER NOT
                                                                                   COOPERATING
Sri Balaji Textiles                     LT – FB Fac           ICRA B+      50      ISSUER NOT
                                                                                   COOPERATING
Thermodyne Technologies Pvt Ltd         LT – Fund Based       ICRA BB      25      ISSUER NOT
                                                                                   COOPERATING
Vama Infra                              BLR                   ICRA BB      200     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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