September 12, 2018 / 10:55 AM / in 7 months

RPT-ICRA ratings for Indian debt instruments-Sep 12

 (Repeating to add additional ratings as of September 11, 2018)
    Sep 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 11, 2018.

COMPANY                                 INSTRUMENT            RATING       AMOUNT   MOVEMENT
------                                  ----------            ------       -----    ---------
Allsec Technologies Ltd                 ST, Non-FB Fac        ICRA A3+     70      Reaffirmed
Alpha Design Technologies Pvt           ST Non Fund based     ICRA A3+     820     Reaffirmed
Alpha Design Technologies Pvt           Short- Term           ICRA A3+             Reaffirmed
Ltd                                     Interchangeable
Amar Impex                              Non-FBL               ICRA A3      32.5    Reaffirmed
Amar International                      Non-FBL               ICRA A3      5       Reaffirmed
City Union Bank Ltd                     Certificates of       ICRA A1+     250     Outstanding
                                        Deposit Programme
Core Carbons Pvt Ltd                    ST: Non-fund based    ICRA A1      120     Reaffirmed
Nis Management Ltd                      Non-fund Based- BG    ICRA A2      100     Reaffirmed
Patel Cotton Industries -               FB – FBP/FBD^         ICRA A4      100     Reaffirmed
^ FBP: foreign bills purchase, FBD: foreign bills discounting
Silica Ceramica Pvt Ltd                 Non-FBL               ICRA A1 (SO) 432.5   Outstanding

Allsec Technologies Ltd                 LT, FB Fac            ICRA BBB     40      Reaffirmed
Alpha Design Technologies Pvt           LT TL                 ICRA BBB     470     Reaffirmed
Alpha Design Technologies Pvt           LT FB Working Capital ICRA BBB     510     Reaffirmed
Amar Impex                              FBL                   ICRA BBB-    82.5    Reaffirmed
Amar Impex                              Fund based sub-limits ICRA BBB-            Reaffirmed
Amar International                      FB limits             ICRA BBB-    160     Reaffirmed
Amar International                      FB sub-limits         ICRA BBB-            Reaffirmed
City Union Bank Ltd                     Issuer Rating^        ICRA AA-             Assigned
^ Issuer rating is an opinion on the general creditworthiness of the rated issuer and is not
specific to any particular debt instrument
Core Carbons Pvt Ltd                    LT: FB Fac            ICRA A-      150     Reaffirmed
Core Carbons Pvt Ltd                    LT/ST:Interchangeable ICRA A- /A1          Reaffirmed
Deep Automobiles                        LT - Fund based       ICRA BB      212     -
Reason for delay in carrying out periodic review.-(Issuer Not Cooperating)
India Golf Assets Pvt Ltd               LT TL                 ICRA D       160
Downgraded from ICRA BB+
India Golf Assets Pvt Ltd               LT Unallocated        ICRA D       40
Downgraded from ICRA BB+
Magma Fincorp Ltd- Mfl                  PTC Series A1         ICRA AAA             Withdrawn
Securitisation Trust Lxv                                      (SO)
Magma Fincorp Ltd- Mfl                  PTC Series A2         ICRA AAA             Withdrawn
Securitisation Trust Lxv                                      (SO)
Magma Fincorp Ltd- Mfl                  Liquidity Facility    ICRA AAA             Withdrawn
Securitisation Trust Lxv                                      (SO)
Magma Fincorp Ltd- Mfl                  Second Loss Facility  ICRA BBB-            Withdrawn
Securitisation Trust Lxv                                      (SO)
Nis Management Ltd                      FB-CC                 ICRA BBB+    360     Reaffirmed
Patel Cotton Industries -               FB – CC               ICRA BB-     220     Reaffirmed
Rahul Silk Mills Pvt. Ltd.              FB - TL               ICRA BB      90      Assigned
Rahul Silk Mills Pvt. Ltd.              FB - Working Capital  ICRA BB      10      Assigned
Sandhya Aqua Exports Pvt. Ltd           LT - FB Fac           ICRA BBB-    1200    Assigned
Shri Tulsi Oil Products                 FB - Working Capital  ICRA B+      55      Reaffirmed
Silica Ceramica Pvt Ltd                 Proposed              ICRA A- (SO) 500     Assigned
                                        Debenture Programme
Silica Ceramica Pvt Ltd                 TL                    ICRA A- (SO) 750     Outstanding
Silica Ceramica Pvt Ltd                 FB limits             ICRA A- (SO) 400     Outstanding
Tirupati Services Pvt Ltd               FB - CC               ICRA BB /A4  200     Withdrawn
Yr General Trading Hk Ltd               LT – Fund Based and   ICRA BB-     205     Assigned
                                        Non-FBL – General
                                        Line of Credits
$: 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
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