September 26, 2018 / 11:04 AM / 21 days ago

RPT-ICRA ratings for Indian debt instruments-Sep 26

 (Repeating to add additional ratings)
    Sep 26 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 25, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Davat Beverages Pvt. Ltd.               ST— Non-fund based    ICRA A4      5       Assigned
Dewan Housing Finance                   CP programme          ICRA A1+     150000
Corporation Ltd (Dhfl)
Garware Technical Fibres Ltd            CP                    ICRA A1+     150     Reaffirmed
Hero Fincorp Ltd                        CP Programme          ICRA A1+     50000
Assigned/ outstanding
Hero Fincorp Ltd                        ST Bk Limits          ICRA A1+     1500    outstanding
Indiabulls Housing Finance Ltd          CP Programme          ICRA A1+     250000
Kay Bouvet Engineering Ltd              ST – Non Fund Based   ICRA A4      3000
(Unit - I)
Issuer Not Cooperating; Rating moved to the ‘Issuer Not Cooperating’ category
Manav Gems                              ST FBL                ICRA A4      150     Reaffirmed
Manav Gems                              ST – Interchangeable**ICRA A4      -       Reaffirmed
**Sub-limit of short-term find based limits
S. D. Corporation Pvt Ltd               CP                    ICRA A1+(SO) 10600   outstanding
S. D. Corporation Pvt Ltd               CP                    Provisional  600     Assigned
                                                              ICRA A1+(SO)
S. D. Corporation Pvt Ltd               CP                    Provisional  500
                                                              ICRA A1+(SO)
confirmed as final
Smbt Sevabhavi Trust                    ST – Non fund based   ICRA A4      200     Assigned
Triune Energy Services Pvt.             Non- FBL              ICRA A4      100
Ltd.
Reason for delay in carrying out periodic review, Info and fee not provided
Joyalukkas India Pvt Ltd                ST –FB / Non-fund     ICRA A1      -       Assigned /
                                        based sub limit                            Outstanding
Shree Sangameswara Electricals          Non fund bases limits ICRA A4      70      -
Reason for delay in carrying out periodic review:Issuer delayed in giving information

 

LONG TERM RATINGS:
-------------------
Adishakti Cars Pvt Ltd                  LT – FBL (CC)         ICRA BB      61
Issuer Not Cooperating; Rating moved to the ‘Issuer Not Cooperating’ category
Adishakti Cars Pvt Ltd                  LT – Unallocated      ICRA BB      14
                                        limits
Issuer Not Cooperating; Rating moved to the ‘Issuer Not Cooperating’ category
Apeejay House Pvt Ltd                   Fund Based- TL        ICRA A-      800     Assigned
Apeejay House Pvt Ltd                   Fund Based- CC Limits ICRA A-      200     Assigned
Apeejay Pvt Ltd                         Fund Based- TL        ICRA A-      550     Assigned
Apeejay Pvt Ltd                         Fund Based- CC Limits ICRA A-      50      Assigned
Arambhan Hospitality Services           BLR                   ICRA D/ICRA  160
Ltd (Erstwhile Cawasji                                        D
Behramji Catering Services Ltd)
Issuer not cooperating
Capital Trade Links Ltd.                Issuer rating         ICRA BB-     -       Assigned
Davat Beverages Pvt. Ltd.               LT— FB                ICRA BB-     185.2   Assigned
East Coast Energy Pvt Ltd               BLR                   ICRA D       55950
Issuer Not Cooperating
Fusion Microfinance (Pvt.) Ltd.         NCD Programme         ICRA BBB+    250     Assigned
Fusion Microfinance (Pvt.) Ltd.         NCD Programme         ICRA BBB+    5131    outstanding
Garware Technical Fibres Ltd            FB                    ICRA AA      1750
                                                              /ICRA A1+
Upgraded from ICRA AA-/ Reaffirmed
Garware Technical Fibres Ltd            Non-FB Fac            ICRA AA      1650
                                                              /ICRA A1+
Upgraded from ICRA AA-/ Reaffirmed
Hero Fincorp Ltd                        NCD Programme         ICRA AA+     32000   outstanding
Hero Fincorp Ltd                        Subordinated Debt     ICRA AA+     5000    outstanding
                                        Programme
Hero Fincorp Ltd                        LT Fund based Bk Fac  ICRA AA+ /   68500   outstanding
                                                              ICRA A1+
Indiabulls Housing Finance Ltd          Retail Bond Programme1ICRA AAA     150000
Indiabulls Housing Finance Ltd          NCD Programme         ICRA AAA     452000
Indiabulls Housing Finance Ltd          Subordinated Debt     ICRA AAA     50000
                                        Programme
Indiabulls Housing Finance Ltd          LT Bk Fac             ICRA AAA     470000
Indian School Finance Company           PTC Series A1         Provisional  467.3   Assigned
Pvt Ltd                                                       ICRA A(SO)
Indian School Finance Company           PTC Series A2         Provisional  27.5    Assigned
Pvt Ltd                                                       ICRA BBB(SO)
Jmc Constructions Pvt Ltd               LT - Fund Based       ICRA BB      210     Reaffirmed
Jmc Constructions Pvt Ltd               LT Non -fund based    ICRA BB      1260    Reaffirmed
Jmc Constructions Pvt Ltd               LT Unallocated limits ICRA BB      130     Reaffirmed
Kay Bouvet Engineering Ltd              LT - Fund Based/ CC   ICRA BB      1100
(Unit - I)
Issuer Not Cooperating; Rating moved to the ‘Issuer Not Cooperating’ category
Kemco Corporation                       BLR                   ICRA BB /    550
                                                              ICRA A4+
Issuer not cooperating
Khargone Transmission Ltd               FB -TL                ICRA BBB     10700
Upgraded from ICRA BBB-
Khargone Transmission Ltd               Non-fund Based-LOC    ICRA BBB /   -
                                                              ICRA A3+
Upgraded from ICRA BBB- / ICRA A3
M2K Entertainment Pvt Ltd               LT Fund Based –       ICRA BB+     149     Reaffirmed
                                        Overdraft
M2K Entertainment Pvt Ltd               LT – Unallocated      ICRA BB+     1       Reaffirmed
Mangilal Agarwal                        FB Limits             ICRA BB-     150
Issuer Not Cooperating; Rating continues to remain in the ‘Issuer Not Cooperating’ category
Paarth Infratech Pvt Ltd                LT Fund Based – TL    ICRA BB-     300
Revised from ICRA BB
Pertinent Infra & Energy Ltd            LT – Fund based TL    ICRA B+      119     Withdrawn
Pertinent Infra & Energy Ltd            LT – Unallocated      ICRA B+      31      Withdrawn
S. D. Corporation Pvt Ltd               NCD Programme         ICRA AA(SO)  4350    outstanding
Shree Chanakya Education                LT - Fund Based TL    ICRA         1000
Society                                                       BBB-(SO)
Issuer Not Cooperating; Rating moved to the ‘Issuer Not Cooperating’ category
Smbt Sevabhavi Trust                    LT - Fund based – TL  ICRA B       2034    Assigned
Smbt Sevabhavi Trust                    LT - Fund based – CC  ICRA B       36      Assigned
Spartan Engineering Industries          BLR                   ICRA         435
Pvt Ltd                                                       B+/ICRA A4
Issuer not cooperating
Tristar Intercontinental Pvt            BLR                   ICRA B+ /    250
Ltd                                                           ICRA A4
Issuer delayed in giving information
Triune Energy Services Pvt.             FBL                   ICRA BB-     10
Ltd.
Reason for delay in carrying out periodic review, Info and fee not provided
Aditya Constructions                    Unallocated Limits    ICRA B/A4    100     -
Reason for delay in carrying out periodic review:Issuer not cooperating
Joyalukkas India Pvt Ltd                LT -FB-TL             ICRA A       1000    Outstanding
Joyalukkas India Pvt Ltd                LT -FB-Working        ICRA A       14120   Assigned /
                                        Capital Fac                                Outstanding
Joyalukkas India Pvt Ltd                NCD Programme-ProposedICRA A       6000    Outstanding
Shree Sangameswara Electricals          Fund bases limits     ICRA B+      30      -
Reason for delay in carrying out periodic review:Issuer delayed in giving information
Sri Janardhan Raw And Boiled            Fund bases limits     ICRA BB-     90      -
Rice Mill
Reason for delay in carrying out periodic review:Issuer not cooperating
Sri Janardhan Raw And Boiled            Unallocated Limits    ICRA BB-/A4  30      -
Rice Mill
Reason for delay in carrying out periodic review:Issuer not cooperating
Sri Lakshmi Janardhan Rice              Fund bases limits     ICRA BB-     95      -
Industries
Reason for delay in carrying out periodic review:Issuer not cooperating
Sri Lakshmi Janardhan Rice              Unallocated Limits    ICRA BB-/A4  5       -
Industries
Reason for delay in carrying out periodic review:Issuer not cooperating
Suave Corporation (India) Pvt           Unallocated Limits    ICRA B       100     -
Ltd
Reason for delay in carrying out periodic review: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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