Reuters logo
RPT-ICRA ratings for Indian debt instruments-Sep 18
September 18, 2017 / 10:58 AM / 3 months ago

RPT-ICRA ratings for Indian debt instruments-Sep 18

 (Repeating to add more Ratings.)
    Sep 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 15, 2017.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Intercontinental Consultants            ST Non-FBL            ICRA A2+     30      Downgraded
And Technocrats Pvt Ltd                                                            from ICRA A1+
Nahar Industrial Enterprises            ST non-fund based Bk  ICRA A1      900     Reaffirmed
Ltd                
Tinna Rubber & Infrastructure           NFBL                  ICRA D       120     Revised from
Ltd                                                                                ICRA A4
Abi-Showatech (India) Ltd               ST: Non-fund based    ICRA A1+     200     Reaffirmed
Apr Constructions Ltd                   Non-fund based BG     ICRA A4+     1625    ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; based on best available information.
Apr Constructions Ltd                   Unallocated           ICRA A4+     425     ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; based on best available information.
Dr. Reddy’S Laboratories Ltd            ST, FB / non-FBL      ICRA A1+     3000    Reaffirmed
Forbes Technosys Ltd                    ST Non-FBL            ICRA A1+(SO) 320     Reaffirmed
Industrial Solvents &                   Non-FBL               ICRA A1      620     Reaffirmed
Chemicals Pvt Ltd
Kribhco Infrastructure Ltd              CP                    ICRA A1+(SO) 200     Reaffirmed
Kribhco Infrastructure Ltd              CP                    ICRA A1+(SO) 250     Outstanding
Marda Estates Pvt Ltd                   Non FB                ICRA A4+     8       Withdrawn
Saraswati Sugar Mills Ltd               NFB                   ICRA A1      50      Reaffirmed
Seven Star Steels Ltd                   Non-FBL               ICRA A4      15      Assigned
Jonas Petro Products Pvt Ltd            ST –Unallocated       ICRA D       14.5    -
* Issuer did not co-operate; based on best available information
MEDIUM TERM RATINGS:
-------------------
Saraswati Sugar Mills Ltd               Fixed Deposit Program MA-          600     Reaffirmed

                       
LONG TERM RATINGS:
-------------------
Ajit Kumar Swain                        Bk Fac                ICRA B/ICRA  100     Issuer Not
                                                              A4                   Cooperating
Anubhav Gems Pvt Ltd                    FB FacLT              ICRA B+      75      Issuer Not
                                                                                   Cooperating
Goyal Automobiles                       Bk Fac                ICRA B+      50      Issuer Not
                                                                                   Cooperating
Goyal Motocorp Pvt Ltd                  Bk Fac                ICRA B       65      Issuer Not
                                                                                   Cooperating
Intercontinental Consultants            LT FB limits          ICRA A       550     Downgraded
And Technocrats Pvt Ltd                                                            from ICRA A+
Intercontinental Consultants            LT Non-FBL            ICRA A       1050    Downgraded
And Technocrats Pvt Ltd                                                            from ICRA A+
Lalita Foamex Pvt Ltd                   Bk Fac                ICRA D       57.5    Issuer Not
                                                                                   Cooperating
Nahar Industrial Enterprises            LT FB Bk Fac          ICRA A       10117.4 Reaffirmed
Ltd
Nahar Industrial Enterprises            LT unallocated        ICRA A       3692.6  Reaffirmed
Ltd
Skylink Hospitality Llp                 LT - Fund Based       Provisional  1000    Assigned
                                        Proposed TL           ICRA BBB-
Sri Balaji Educational And              BLR                   ICRA BB+     1406.6  -
Charitable Public Trust
Tinna Rubber & Infrastructure           FBL – TL              ICRA D       280     Revised from
Ltd                                                                                ICRA B+
Tinna Rubber & Infrastructure           LT - Fund Based       ICRA D       220     Revised from
Ltd                                                                                ICRA B+
Verma Tractors                          FBL                   ICRA B/A4    70      Reaffirmed
Vijay Trading Company                   FB Limits             ICRA D       100     Revised from
                                                                                   ICRA B
Abi-Showatech (India) Ltd               LT: FB                ICRA A+      550     Reaffirmed
Adarsh Haven Pvt Ltd                    NCD                   ICRA AA-(SO) 223     Reaffirmed
Ambati Subbanna & Co. Oil Firm          FB – CC               ICRA BB-     80      ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; Based on best available information
Apr Constructions Ltd                   FB CC                 ICRA BB+     450     ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; based on best available information.
Bale Babu Estates Pvt Ltd               Non-FBL               ICRA B       66.4    Reaffirmed
Dr. Reddy’S Laboratories Ltd            LT, FB / non-FBL      ICRA AA+     1000    Assigned
Flagship Developers Pvt Ltd             NCD                   ICRA BBB-    2600    Assigned
Forbes Technosys Ltd                    NCDs                  ICRA AA-     250     Reaffirmed
                                                              (SO)
Forbes Technosys Ltd                    LT-TL                 ICRA AA-     390     Reaffirmed
                                                              (SO)
Forbes Technosys Ltd                    LT FB Limits          ICRA AA-     480     Reaffirmed
                                                              (SO)
Ganpati Advisory Ltd                    FB Limits             ICRA B+      50      Reaffirmed
Hindustan Fibre Glass Works             FB TL                 ICRA B-      4       -
* Issuer did not co-operate; based on best available information
Hindustan Fibre Glass Works             FB CC                 ICRA B-      86      -
* Issuer did not co-operate; based on best available information
Hindustan Fibre Glass Works             NFB-BG                ICRA B-      50      -
* Issuer did not co-operate; based on best available information
Industrial Solvents &                   TL                    ICRA A+      268.4   Upgraded
Chemicals Pvt Ltd                                                                  from ICRA A
Industrial Solvents &                   FBL                   ICRA A+      750     Upgraded
Chemicals Pvt Ltd                                                                  from ICRA A
                                                                                   /ICRA A1
Jain Sons Finlease Ltd                  NCD                   ICRA BBB-    250     Assigned
Jonas Petro Products Pvt Ltd            LT –CC                ICRA D       7.5     -
* Issuer did not co-operate; based on best available information
Jonas Petro Products Pvt Ltd            LT –TL                ICRA D       28.4    -
* Issuer did not co-operate; based on best available information
Jonas Petro Products Pvt Ltd            LT –Unallocated       ICRA D       19.1    -
* Issuer did not co-operate; based on best available information
Maithri Developers                      Proposed TL           ICRA B-      300     -
* Issuer did not co-operate; based on best available information
Marda Estates Pvt Ltd                   FB – CC               ICRA BB+     80      Withdrawn
Marda Estates Pvt Ltd                   FB – TL               ICRA BB+     9.3     Withdrawn
National Electronics                    CC                    ICRA BB-     60      -
* Issuer did not co-operate; based on best available information
Pune Solapur Expressways Pvt            NCD                   ICRA A(SO)   7868.1  Reaffirmed
Ltd
Pune Solapur Expressways Pvt            TL                    ICRA A(SO)   2000    Reaffirmed
Ltd
Radhagobinda Rice Mills Pvt Ltd         FB – TL               ICRA D       54      ISSUER NOT
                                                                                   COOPERATING*
* Issuer did not co-operate; based on best available information
Radhagobinda Rice Mills Pvt Ltd         FB – CC               ICRA D       22      ISSUER NOT
                                                                                   COOPERATING*
* Issuer did not co-operate; based on best available information
Ram Foods Products Pvt Ltd              FB – LT               ICRA BB-     90      ISSUER NOT
                                                                                   COOPERATING#
# Issuer did not co-operate; based on best available information.
Saraswati Sugar Mills Ltd               FB                    ICRA A-      1866.5  Reaffirmed
Saraswati Sugar Mills Ltd               Proposed Bk Facility  ICRA A-      558.5   Reaffirmed
Seven Star Steels Ltd                   FB Limit              ICRA B       150     Assigned
Seven Star Steels Ltd                   Unallocated Limit     ICRA B /     75      Assigned
                                                              ICRA A4
Shri Banke Bihari Polyfab Pvt           CC                    ICRA B-      50      -
Ltd
* Issuer did not co-operate; based on best available information
Shri Banke Bihari Polyfab Pvt           NFBF                  ICRA B-      3.5     -
Ltd
* Issuer did not co-operate; based on best available information
Shri Banke Bihari Polyfab Pvt           Unallocated limit     ICRA B-      46.5    -
Ltd
* Issuer did not co-operate; based on best available information
Simhapuri Energy Ltd                    LT FB Limits          ICRA D       21730.1 ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; based on best available information
Simhapuri Energy Ltd                    LT Unallocated Limits ICRA D       338     ISSUER NOT
                                                                                   CO-OPERATING*
*Issuer did not co-operate; based on best available information
Small Business Fincredit India          NCD programme         ICRA A       4000    Assigned
Pvt Ltd
Tata Metaliks Ltd                       FB Bk Fac             ICRA A+      1480    Reaffirmed
Tata Metaliks Ltd                       TL                    ICRA A+      1716.7  Reaffirmed
Tata Metaliks Ltd                       Non-fund based Bk Fac ICRA A+      6480    Reaffirmed
Techno India                            FB – TL               ICRA D       90      ISSUER NOT
                                                                                   COOPERATING*;
* Issuer did not co-operate; based on best available information
Techno India                            FB – Overdraft limit  ICRA D       160     ISSUER NOT
                                                                                   COOPERATING*;
* Issuer did not co-operate; based on best available information
The Poona District Police               FB – CC               ICRA BB+     2000    Reaffirmed
Co-Operative Credit Society Ltd
Vasavi Food Processing                  FB – CC               ICRA B-      40      ISSUER NOT
Industries                                                                         CO-OPERATING*
*Issuer did not co-operate; Based on best available information
Vasavi Food Processing                  FB – TL               ICRA B-      31.2    ISSUER NOT
Industries                                                                         CO-OPERATING*
*Issuer did not co-operate; Based on best available information
Vasavi Food Processing                  Unallocated           ICRA B-      28.8    ISSUER NOT
Industries                                                                         CO-OPERATING*
*Issuer did not co-operate; Based on best available information
Verma Tractors                          FBL                   ICRA B /     70      -
                                                              ICRA A4
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)

Our Standards:The Thomson Reuters Trust Principles.
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