September 17, 2019 / 11:10 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Sep 17

 (Repeating to add more ratings.)
    Sep 17 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 16, 2019.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Defiance Knitting Industries            LOC                   ICRA A4+     12      Withdrawn
Pvt Ltd
(Issuer not cooperating)
Gaurav Worldwide Trading Pvt            ST non FB limit*      ICRA A4      -       -
Ltd
(Continues to remain under the ‘Issuer Not Cooperating’ category) / **Issuer did not cooperate;
based on best available information
Haldia Petrochemicals Ltd               ST Limits- Non-FBL    ICRA A1+     36870   Reaffirmed
Haldia Petrochemicals Ltd               ST – CP programme     ICRA A1+     1000    Reaffirmed
(outlook revised to Negative from Stable)
Jeyenkay Petrogels Pvt Ltd              ST non-FBL            ICRA A4      110     Withdrawn
Karnataka Bank Ltd                      CDs                   ICRA A1+     30000   Reaffirmed
New Bombay Paper Mills Pvt Ltd          BG                    ICRA A4      10      Withdrawn
Pavan Cotton Products Pvt Ltd           ST - Non Fund Based   ICRA A4      2.4     -
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Rai Bahadur Seth Shreeram               ST Non FB Limits      ICRA A3+     100     Upgraded
Narsingdas Pvt Ltd                                                                 from ICRA A3
Sandhar Technologies Ltd                CP                    ICRA A1+     400     Reaffirmed
Skanray Technologies Pvt. Ltd.          Non-fund Based        ICRA A4      50      Downgraded
                                                                                   from ICRA A4+
(Issuer not cooperating)
Supreet Chemicals Pvt Ltd               FB - Export Packing   ICRA A4      100     Withdrawn
                                        Credit/ Packing
                                        Credit in Foreign Currency/ Foreign Bills Purchase
Supreet Chemicals Pvt Ltd               Non-fund based- LOC   ICRA A4      100     Withdrawn
Supreet Chemicals Pvt Ltd               Non-fund based- BG    ICRA A4      10      Withdrawn
Supreet Chemicals Pvt Ltd               Unallocated limits    ICRA A4      5       Withdrawn
S R Tranzcars Pvt Ltd                   ST – Fund based       ICRA D       330     Assigned
The Indian Express Pvt Ltd              Non-fund Based –      ICRA A1      600     Reaffirmed
                                        Working Capital Fac
outlook revised to Stable from Positive
Tim World Enterprises                   Unallocated ST        ICRA A4      66      Assigned
                                        Non-fund based
Ufo Moviez India Ltd                    ST, Non-FB Fac        ICRA A1+     100     Outstanding



MEDIUM TERM RATINGS:
-------------------
Sri Sarvaraya Sugars Ltd                Fixed Deposit         MB(Stable)   100     Upgraded
                                        Programme                                  from ICRA MD



LONG TERM RATINGS:
-------------------
Annapurna Finance Pvt Ltd               NCD Programme         ICRA         -       Withdrawn
                                                              A-(Stable)
Annapurna Finance Pvt Ltd               NCD Programme#        ICRA         2765.3  Outstanding
                                                              A-(Stable)
#rated amount reduced 
Annapurna Finance Pvt Ltd               Bk Lines              ICRA         11000   Outstanding
                                                              A-(Stable)
Annapurna Finance Pvt Ltd               Subordinated Debt     ICRA         890     Outstanding
                                        Programme             A-(Stable)
Azam Rubber Products Ltd                -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
B. K. Exports                           LT - Fund Based/ CC   ICRA         250     -
                                                              B-(Stable)
(Reason for delay in carrying out periodic review: Issuer not cooperating)
Bommineni Ramanjaneyulu                 -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Defiance Knitting Industries            Unallocated           ICRA BB      133     Withdrawn
Pvt Ltd                                                       (Stable)
(Issuer not cooperating)
Defiance Knitting Industries            Fund based- Working   ICRA BB      55      Withdrawn
Pvt Ltd                                 capital               (Stable) /
                                                              ICRA A4+
(Issuer not cooperating)
Gaurav Worldwide Trading Pvt            LT fundbased limit    ICRA B       500     -
Ltd                                                           (Stable)
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Gopinath Dairy Products Pvt Ltd         FB LimitCC            ICRA D       5       -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Gopinath Dairy Products Pvt Ltd         TL                    ICRA D       115     -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Gopinath Dairy Products Pvt Ltd         Unallocated limit     ICRA D       140     -
(Continues to remain under the ‘Issuer Not Cooperating’ category)
Green Petro Fuels Llp                   -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Gripwell Forging & Tools                -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Haldia Petrochemicals Ltd               LT Limits- TL         ICRA AA      30313   Reaffirmed
(outlook revised to Negative from Stable)
Haldia Petrochemicals Ltd               LT Limits-FB          ICRA AA      3190    Reaffirmed
(outlook revised to Negative from Stable)
Haldia Petrochemicals Ltd               Proposed NCD ProgrammeICRA AA      10000   Reaffirmed
(outlook revised to Negative from Stable)
Haldia Petrochemicals Ltd               Issuer Rating1        ICRA AA      -       Reaffirmed
(outlook revised to Negative from Stable)
Haldia Petrochemicals Ltd               LT/ST Unallocated     ICRA AA      30207   Reaffirmed
                                                              /ICRA A1+
(outlook revised to Negative from Stable)
Jeyenkay Petrogels Pvt Ltd              LT FBL                ICRA C+      34.5    Withdrawn
Jeyenkay Petrogels Pvt Ltd              Unallocated limit     ICRA         35.5    Withdrawn
                                                              C+/ICRA A4
Karnataka Bank Ltd                      Lower Tier-II Bonds   ICRA A       2500    Reaffirmed
                                        Programme             (stable)
Karnataka Bank Ltd                      Lower Tier-II Bonds   ICRA A       -       Withdrawn
                                        Programme             (stable)
Karnataka Bank Ltd                      Basel III Compliant   ICRA A(hyb)  7200    Reaffirmed
                                        Tier-II Bonds         (stable)
                                        Programme
Karnataka Bank Ltd                      Basel III Compliant   ICRA A(hyb)  -       Withdrawn
                                        Tier-II Bonds         (stable)
                                        Programme
Kimiya Engineers Pvt Ltd                -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Klystron Electronics Pvt Ltd            -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Laxmikant Cotton                        -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Magna Projects Pvt Ltd                  -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Mep Sanjose Arawali Kante Road          -                     -            -       Issuer not
Pvt Ltd                                                                            cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Moonlight Marbles Pvt Ltd               -                     -            -       Issuer not
                                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
New Bombay Paper Mills Pvt Ltd          Unallocated Limits    ICRA BB-     5.5     Withdrawn
                                                              (Stable)/
                                                              ICRA A4
New Bombay Paper Mills Pvt Ltd          CC                    ICRA         110     Withdrawn
                                                              BB-(Stable)
New Bombay Paper Mills Pvt Ltd          TL                    ICRA         124.5   Withdrawn
                                                              BB-(Stable)
Pavan Cotton Products Pvt Ltd           LT - Fund Based/ CC   ICRA         55      -
                                                              B(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Pavan Cotton Products Pvt Ltd           LT - Fund Based TL    ICRA         36.4    -
                                                              B(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Pavan Cotton Products Pvt Ltd           LT – Unallocated      ICRA         11.5    -
                                                              B(Stable)
(Reason for delay in carrying out periodic review: Issuer delayed in giving information)
Rai Bahadur Seth Shreeram               LT Fund Based - TL    ICRA BBB     194.3   Upgraded
Narsingdas Pvt Ltd                                            (Stable)             from ICRA
                                                                                   BBB- (Stable)
Rai Bahadur Seth Shreeram               LT FB CC              ICRA BBB     600     Upgraded
Narsingdas Pvt Ltd                                            (Stable)             from ICRA
                                                                                   BBB- (Stable)
Rai Bahadur Seth Shreeram               LT/ ST unallocated    ICRA BBB     165.7   Upgraded
Narsingdas Pvt Ltd                      Limits                (Stable)/A3+         from ICRA
                                                                                   BBB- 
                                                                                   (Stable) / A3
Rajlakshmi Minerals                     LT - Fund Based TL    ICRA BB+     81.6    Upgraded
                                                              (Stable)             fromICRA BB
                                                                                   (Stable)
Rajlakshmi Minerals                     LT - Unallocated      ICRA BB+     98.4    Upgraded
                                                              (Stable)             fromICRA BB
                                                                                   (Stable)
S.K. Heights Pvt Ltd                    LT - TL               ICRA D       150     Withdrawn
(Issuer Not Cooperating)
S R Tranzcars Pvt Ltd                   LT – Fund based       ICRA D       35      Assigned
S R Tranzcars Pvt Ltd                   LT – Fund based –     ICRA D       5       Assigned
                                        Unallocated
Sandhar Technologies Ltd                FB – Working Capital  ICRA AA-     500     Reaffirmed
                                        Fac                   (Negative)
(outlook revised to Negative from Stable)
Sandhar Technologies Ltd                Unallocated Limits    ICRA AA-     50      Reaffirmed
                                                              (Stable)
(outlook revised to Negative from Stable)
Sandhar Technologies Ltd                FB/Non-fund Based –   ICRA AA-     250     Reaffirmed
                                        Working Capital Fac   (Stable)/
                                                              ICRA A1+
(outlook revised to Negative from Stable)
Sant Deepak Education And               -                     -            -       Issuer not
Charitable Trust                                                                   cooperating
Due to non-submission of monthly ‘No Default Statement’ (“NDS”) by the entity.
Skanray Technologies Pvt. Ltd.          Fund based-CC         ICRA BB-     450     Downgraded
                                                              (Stable)             from ICRA BB+
(Issuer not cooperating)
Spandana Sphoorty Financial             PTC Series A1         ICRA AA (SO) -       Withdrawn
Ltd - Chetana 03 2018
Spandana Sphoorty Financial             PTC Series A1         ICRA AA (SO) -       Withdrawn
Ltd - Kartikeya 03 2018
Sri Sarvaraya Sugars Ltd                FB Working Capital FacICRA         937     Upgraded
                                                              B(Stable)            from ICRA D
Sri Sarvaraya Sugars Ltd                FB TL                 ICRA         594.8   Upgraded
                                                              B(Stable)            from ICRA D
Sri Sarvaraya Sugars Ltd                Unallocated Limits    ICRA         691.6   Upgraded
                                                              B(Stable)            from ICRA D
Supreet Chemicals Pvt Ltd               FB - CC               ICRA BB-     40      Withdrawn
                                                              (Stable)
Tamil Nadu Newsprint & Papers           LT, FB TL             ICRA A       17327.5 Reaffirmed
Ltd (Tnpl)
(outlook revised to Stable from Negative)
Tamil Nadu Newsprint & Papers           LT, Unallocated LimitsICRA A       2022.5  Reaffirmed
Ltd (Tnpl)                                                    (Stable)
Tamil Nadu Newsprint & Papers           LT/ ST, FB/Nonfund    ICRA A /A1   9980    Reaffirmed/
Ltd (Tnpl)                              Based Working Capital                      Revised from
                                        Fac                                        ICRA A2+
(outlook revised to Stable from Negative)
Tata Motors Finance Ltd -               PTC Series A          Provisional  8257.5  confirmed as
Indian Receivable Trust May 19                                ICRA AAA(SO)         final
C
Tata Motors Finance Ltd -               Second Loss Facility  Provisional  221.3   confirmed as
Indian Receivable Trust May 19                                ICRA AAA(SO)         final
C
The Indian Express Pvt Ltd              Fund Based – Working  ICRA A       350     Reaffirmed
                                        Capital Fac
outlook revised to Stable from Positive
The Indian Express Pvt Ltd              Unallocated Limits    ICRA A       100     Reaffirmed
outlook revised to Stable from Positive
Tim World Enterprises                   Unallocated LT Fund   ICRA B+      30      Assigned
                                        based                 (Stable)
Tim World Enterprises                   Unallocated - ST/LT   ICRA B+      4       Assigned
                                                              (Stable)/A4
Ufo Moviez India Ltd                    Long-TL               ICRA AA-     870     Outstanding
Ufo Moviez India Ltd                    LT, FB Fac            ICRA AA-     300     Outstanding
Vagdevi Food Products Pvt. Ltd          TL                    ICRA         120     Withdrawn
                                                              B+(Stable)
Vagdevi Food Products Pvt. Ltd          FBL                   ICRA         200     Withdrawn
                                                              B+(Stable)
Vbhc Mumbai Value Homes Pvt Ltd         FB - Working Capital  ICRA BB+     900     Downgraded
                                        Fac                                        from ICRA
                                                                                   BBB-
(outlook revised to Stable from Negative)
Vbhc Value Homes Pvt Ltd                FB - Working Capital  ICRA BB+     400     Downgraded
                                        Fac                                        from ICRA
                                                                                   BBB-
(outlook revised to Stable from Negative)
Vbhc Value Homes Pvt Ltd                FB - TL               ICRA BB+     100     Downgraded
                                                                                   from ICRA
                                                                                   BBB-
(outlook revised to Stable from Negative)
Vbhc Value Homes Pvt Ltd                Unallocated           ICRA BB+     -       Downgraded
                                                                                   from ICRA
                                                                                   BBB-
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below