September 28, 2018 / 11:08 AM / a month ago

RPT-ICRA ratings for Indian debt instruments-Sep 28

 (Repeating to add additional ratings as of September 27, 2018)
    Sep 28 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of September 27, 2018.


COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Aarey Drugs & Pharmaceuticals           ST non-FB             ICRA A4      150     -
Ltd
(Rating continuesto remain in the Issuer Not Cooperatingcategory)
Asa International India                 MFI Grading           M2+          --      Assigned
Microfinance Ltd
Brisk India Pvt Ltd                     ST –Fund Based        ICRA D       250     -
( Rating continues to remain in the Issuer Not Cooperating category)
Brisk India Pvt Ltd                     ST –Non Fund Based    ICRA D       33.5    -
( Rating continues to remain in the Issuer Not Cooperating category)
Bafna Ginning And Pressing Pvt          ST Non-FB             ICRA A4      30      -
Ltd
(Rating continues to be in the Issuer Not Cooperating category)
Capstone Ceramic (India) Llp            Non FB –BG            ICRA A4      12.1    Assigned
Consort Builders Pvt Ltd                Non-fund based        ICRA A4+     10      -
(Rating continuesto remain in the Issuer Not Cooperating category)
Fiat India Automobiles Pvt Ltd          CP                    ICRA A1+     6250    Reaffirmed
Hafele India Pvt Ltd                    ST, fund based        ICRA A1      550     Outstanding
Hanuman Agro Products                   ST-Fund Based         ICRA A4      17.5    -
(Rating continues to remain in the Issuer Not Cooperating category)
Hem Ceramics                            Non-fund based BG     ICRA A4      18.5    -
(Rating moved to the Issuer Not Cooperating category)
J.K Transformers                        ST non fund based     ICRA A4      30      -
(Rating continuesto remain in the Issuer Not Cooperating category)
Kansara Forge & Wires Pvt Ltd           ST non fund based     ICRA A4      20      -
(Rating continuesto remain in the Issuer Not Cooperating category)
M. Pallonji & Company Pvt Ltd           Non-FBL               ICRA A1+     250     Reaffirmed
M. Pallonji & Company Pvt Ltd           Non-FBL               ICRA A1+     250     Reaffirmed
M/S. Ardhendu Mondal                    Non-Fund based–BG     ICRA A4      20.2    -
(Rating continues to remainunderIssuer Not Cooperating category)
Megh & Ami Exports Pvt Ltd              ST, Fund based        ICRA A4      --      -
                                        sub-limits
(Rating continues to remain in the Issuer Not Cooperating category)
Mohan Meakin Ltd                        ST: Non-fund Based    ICRA A3      50      Upgraded
                                                                                   from ICRA A4+
P.P. Polyplast Pvt Ltd                  NFBL                  ICRA A4+     22      -
(ISSUER NOT COOPERATING; Rating continues to be in the Issuer Not Cooperating category)
Pmk Distillations Pvt Ltd               Non -FBL              ICRA A4+     120     Assigned
S A Iron & Alloys Pvt Ltd               Non-fund Based        ICRA A4      30      -
(Rating moved to the Issuer Not Cooperating category)
Sahakar Shiromani Vasantrao             FBL                   ICRA A4      170     -
Kale Sahakari Sakhar Karkhana
Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Samarth Sai Logistics Pvt Ltd           Non FB -LOC           ICRA A4      100     Reaffirmed
Shaf Broadcast Pvt Ltd                  Non-FBL               ICRA A4+     245     -
(Rating continues to remain in the Issuer Not Cooperating category)
Shakumbhri Pulp & Paper Mills           LT fund based         ICRA A4      20      -
Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Summa Real Media Pvt Ltd                BG                    ICRA A4      20      -
(Rating continues to remain under Issuer Not Cooperating category)
Swiss Glascoat Equipments Ltd           Non-FBL               ICRA A2      192.2   Reaffirmed
The Mahabir Jute Mills Ltd              Non-fund Based        ICRA A4      30      -
(Rating moved to the Issuer Not Cooperating category)
The Mahabir Jute Mills Ltd              Unallocated           ICRA A4      33.6    -
(Rating moved to the Issuer Not Cooperating category)
Transworld Terminals Pvt Ltd            Non-FBL               ICRA A2+     150     Reaffirmed
(Removed from non cooperation category)
Utility Forms Pvt Ltd                   Non-FBL               ICRA A3      10      Reaffirmed
Venus Home Appliances Pvt Ltd           ST, Non-fund based    ICRA A3+     80      Reaffirmed
Gurpreet Galvanizing Pvt Ltd            NFBL                  ICRA A3+     750     Reaffirmed
Icici Securities Primary                CP Programme          ICRA A1+     10000   Reaffirmed
Dealership Ltd
J.R. Roadlines Pvt. Ltd.                Non-FBL               ICRA A3      20
Rating continues to remain under ‘Issuer Not Cooperating’ category
Milan Associates                        BG                    ICRA A4+     180
Rating continues to remain under ‘Issuer Not Cooperating’ category
Northern Arc Capital Ltd                CP                    ICRA A1+     8000    outstanding
Orbit Exports Ltd                       Non-fund based- BG/   ICRA A1      20      re-affirmed
                                        Derivative exposure
Pulse Pharmaceuticals Pvt Ltd           Non-fund based – LOC  ICRA A4+     10      Withdrawn
Pulse Pharmaceuticals Pvt Ltd           Non-fund based – BG   ICRA A4+     10      Withdrawn
Shree Madhav Agencies Pvt Ltd           Non Fund basedBG      ICRA A4      1.2
Rating continues to remain under ‘Issuer Not Cooperating’ category
Shree Madhav Agencies Pvt Ltd           Non Fund based- LOC   ICRA A4      16.6
Rating continues to remain under ‘Issuer Not Cooperating’ category
Uneecops Technologies Ltd               ST Non-fund Based LT  ICRA A3      180
                                        - Unallocated
Assigned/ outstanding
Vikas Spool Pvt Ltd                     ST Non-fund Based     ICRA A4+     28.4
Assigned/ outstanding



MEDIUM TERM RATINGS:
-------------------
Hind Rectifiers Ltd                     Medium term: Fixed    MB+          190     Upgraded
                                        Deposit                                    from MB


LONG TERM RATINGS:
-------------------
Aarey Drugs & Pharmaceuticals           LT FB CC              ICRA BB-     300     -
Ltd
(Rating continuesto remain in the Issuer Not Cooperatingcategory)
Aasan Corporate Solutions Pvt           NCDs (NCDs)           ICRA AA-     25500   Outstanding
Ltd
Aasan Corporate Solutions Pvt           TL                    ICRA BBB     4500    Outstanding
Ltd
Aasan Corporate Solutions Pvt           TL –Lease Rental      ICRA BBB     4000    Outstanding
Ltd                                     Discounting (LRD)
Aasan Corporate Solutions Pvt           TL –Loan Against      ICRA BBB     1000    Outstanding
Ltd                                     Property (LAP)
Aasan Corporate Solutions Pvt           NCDs (NCDs)           Provisional  6850    Confirmed as
Ltd                                                           ICRA AA-             final
Agarwal Motors (Prop. Of                FB-Working Capital    ICRA BB-     288     -
Concord Tie-Up Pvt Ltd)
(Rating moved to the Issuer Not Cooperating category)
Akshat Roller Flour Mills Pvt           FB-Working Capital    ICRA BB+     240     -
Ltd
(Rating moved to the Issuer Not Cooperating category)
Akshat Roller Flour Mills Pvt           FB-TL                 ICRA BB+     10      -
Ltd
(Rating moved to the Issuer Not Cooperating category)
Avadh Cotton Industries                 Fund based            ICRA B       45      -
-Jamnagar                               –CC-cum-optionally
                                        convertible debentureBD^
(Rating continues to remain under Issuer Not Cooperating category)
Avadh Cotton Industries                 Fund based –TL        ICRA B       14.3    -
-Jamnagar
(Rating continues to remain under Issuer Not Cooperating category)
Bafna Ginning And Pressing Pvt          LT FB CC              ICRA B+      200     -
Ltd
(Rating continues to be in the Issuer Not Cooperating category)
Bliss Hotels Ltd                        LT, FB Fac            ICRA BB      55      Reaffirmed
Bliss Hotels Ltd                        LT, TL                ICRA BB      345     Reaffirmed
Boi Axa Investment Managers             BOI AXA Capital       ICRA AAAmfs  --      Withdrawn
Pvt Ltd                                 ProtectionOriented
                                        Fund Series III
Boi Axa Investment Managers             BOI AXA Capital       ICRA AAAmfs  --      Withdrawn
Pvt Ltd                                 Protection Oriented
                                        Fund Series IV
Boi Axa Investment Managers             BOI AXA Capital       ICRA AAAmfs  --      Outstanding
Pvt Ltd                                 Protection Oriented
                                        Fund Series V
Boi Axa Investment Managers             BOI AXA Liquid Fund   ICRA AAAmfs  --      Outstanding
Pvt Ltd
Brisk India Pvt Ltd                     LT, Fund based –TL    ICRA D       163.7   -
( Rating continues to remain in the Issuer Not Cooperating category)
Brisk India Pvt Ltd                     LT, Fund based –CC    ICRA D       350     -
( Rating continues to remain in the Issuer Not Cooperating category)
Brisk India Pvt Ltd                     LT -Unallocated       ICRA D       102.8   -
( Rating continues to remain in the Issuer Not Cooperating category)
C.S. Infraconstruction Ltd              LT Loan               ICRA D       50      Reaffirmed
C.S. Infraconstruction Ltd              FB Limits             ICRA D       300     Reaffirmed
C.S. Infraconstruction Ltd              Non-FBL               ICRA D       1250    Reaffirmed
Capstone Ceramic (India) Llp            FB –CC                ICRA B+      30      Assigned
Capstone Ceramic (India) Llp            FB –TL                ICRA B+      70.5    Assigned
Consort Builders Pvt Ltd                FB                    ICRA BB+     87.5    -
(Rating continuesto remain in the Issuer Not Cooperating category)
Consort Builders Pvt Ltd                Non-fund based        ICRA BB+     202.5   -
(Rating continuesto remain in the Issuer Not Cooperating category)
Deccan Industries                       Fund based facility   ICRA BB-     94      Reaffirmed
Deccan Industries                       Unallocated facility  ICRA BB-     5.4     Reaffirmed
Dsg Corp Pvt Ltd                        LT Non-FB             ICRA B-      101     -
(Rating continuesto remain in the Issuer Not Cooperatingcategory)
Ekam Agro Pvt Ltd                       LT fund based (CC     ICRA B+      40      -
                                        Limit)
(Rating continues to remain under Issuer Not Cooperating category)
Ekam Agro Pvt Ltd                       LT fund based (TL)    ICRA B+      110     -
(Rating continues to remain under Issuer Not Cooperating category)
Ekam Agro Pvt Ltd                       LT/ST unallocated     ICRA B+/A4   30      -
(Rating continues to remain under Issuer Not Cooperating category)
Evershine Solvex Pvt Ltd                LT fund based (CC     ICRA BB-     100     -
                                        Limit)
(Rating continues to remain in Issuer Not Co-operating category)
Evershine Solvex Pvt Ltd                LT fund based (TL)    ICRA BB-     40      -
(Rating continues to remain in Issuer Not Co-operating category)
Fashionage Corporation Pvt Ltd          LT Fund based–CC      ICRA BB-     145     -
(Rating continues to remain in the Issuer Not Cooperating category)
Fashionage Corporation Pvt Ltd          LT Fund based –TL     ICRA BB-     47.5    -
(Rating continues to remain in the Issuer Not Cooperating category)
Fashionage Corporation Pvt Ltd          LT / ST -Non Fund     ICRA BB-/A4  7.5     -
                                        Based
(Rating continues to remain in the Issuer Not Cooperating category)
Fiat India Automobiles Pvt Ltd          FB –CC                ICRA AA-     5000    Reaffirmed
Fiat India Automobiles Pvt Ltd          FB –TL                ICRA AA-     14900   Reaffirmed
Fiat India Automobiles Pvt Ltd          Non FB                ICRA AA-/A1+ 100     Reaffirmed
Frontier Raas Pvt Ltd                   LT fund based (CC     ICRA BB      200     -
                                        Limit)
(Rating moved to the Issuer Not Cooperating category)
Global Metal & Energy Pvt Ltd           Fund Based-Working    ICRA BB+     537.4   -
                                        Capital
(Rating continues to remain in the Issuer Not Cooperating category)
Global Metal & Energy Pvt Ltd           Fund Based-TL         ICRA BB+     20.6    -
(Rating continues to remain in the Issuer Not Cooperating category)
Govardhan Ispat (India) Pvt Ltd         FBL –TL               ICRA B+      117.9   -
(Rating continues to remain underIssuer Not Cooperating category)
Govardhan Ispat (India) Pvt Ltd         FBL –CC               ICRA B+      84.6    -
(Rating continues to remain underIssuer Not Cooperating category)
Gururamdas Knit Fab                     LT FB limits          ICRA B       71.8    -
(ISSUER NOT CO-OPERATING)
Gururamdas Knit Fab                     Unallocated limit     ICRA B/A4    6.7     -
(ISSUER NOT CO-OPERATING)
Hafele India Pvt Ltd                    LT/ST interchangeable ICRA A       --      Outstanding
Hafele India Pvt Ltd                    LT /ST, FB            ICRA A/A1    300     Outstanding
Hafele India Pvt Ltd                    LT/ST; Fund           ICRA A/A1    1900    Outstanding
                                        based/Non-fund based
Hanuman Agro Products                   LT fund based (CC     ICRA B       40      -
                                        Limit)
(Rating continues to remain in the Issuer Not Cooperating category)
Hanuman Agro Products                   LT fund based (TL)    ICRA B       5       -
(Rating continues to remain in the Issuer Not Cooperating category)
Hanuman Agro Products                   Unallocated           ICRA B/A4    17.5    -
(Rating continues to remain in the Issuer Not Cooperating category)
Hem Ceramics                            FBCC                  ICRA B+      35      -
(Rating moved to the Issuer Not Cooperating category)
Hem Ceramics                            FB TL                 ICRA B+      12.2    -
(Rating moved to the Issuer Not Cooperating category)
Hem Ceramics                            Unallocated Limits    ICRA B+/A4   4.3     -
(Rating moved to the Issuer Not Cooperating category)
Hind Rectifiers Ltd                     LT: Fund based –CC    ICRA BB      363     Upgraded
                                                                                   from ICRA BB-
Hind Rectifiers Ltd                     LT/ST: NFBL           ICRA BB/A4+  200     Upgraded
                                                                                   from ICRA
                                                                                   BB-/A4
Il&Fs Solar Power Ltd                   TL                    ICRA BB+     450     Downgraded
                                                                                   from ICRA BBB
Il&Fs Solar Power Ltd                   NCD Programme–I (NCD  ICRA BB+     1500    Downgraded
                                        I)                                         from ICRA BBB
Il&Fs Solar Power Ltd                   Non-Convertible       ICRA BB+     2100    Downgraded
                                                                                   from ICRA BBB
Il&Fs Tamilnadu Power Co. Ltd           TL                    ICRA BB+@    60800   Downgraded
                                                                                   from ICRA BB
@-rating watch with negative implication
Il&Fs Tamilnadu Power Co. Ltd           NCD Programme         ICRA BB+@    5000    Downgraded
                                                                                   from ICRA BB
@-rating watch with negative implication
J.K Transformers                        LT fund based (CC     ICRA B       30      -
                                        Limit)
(Rating continuesto remain in the Issuer Not Cooperating category)
Kansara Forge & Wires Pvt Ltd           LT fund based (CC     ICRA B+      25      -
                                        Limit)
(Rating continuesto remain in the Issuer Not Cooperating category)
Kansara Forge & Wires Pvt Ltd           LT fund based (TL)    ICRA B+      35      -
(Rating continuesto remain in the Issuer Not Cooperating category)
Kaveri Silk Mills Pvt Ltd               LT FB limits          ICRA BB-     326     -
(Rating continues to remain in Issuer Not Co-operating category)
Kaveri Silk Mills Pvt Ltd               Unallocated limit     ICRA BB-     6.2     -
(Rating continues to remain in Issuer Not Co-operating category)
M. Pallonji & Company Pvt Ltd           FBL                   ICRA A+      170     Reaffirmed
M. Pallonji & Company Pvt Ltd           FBL                   ICRA A+      170     Reaffirmed
M/S. Ardhendu Mondal                    Fund based–CC         ICRA B+      55      -
(Rating continues to remainunderIssuer Not Cooperating category)
M/S. Ardhendu Mondal                    Unallocated Limit     ICRA B+      24.8    -
(Rating continues to remainunderIssuer Not Cooperating category)
Mahalaxmi Buildwell                     FB                    ICRA BB-     64      -
Enterprises Pvt Ltd
(Rating continuesto remain in the Issuer Not Cooperating category)
Mahalaxmi Buildwell                     Unallocated           ICRA BB-     36      -
Enterprises Pvt Ltd
(Rating continuesto remain in the Issuer Not Cooperating category)
Mahavir Trading Co.                     LT FB limit           ICRA B+      65      Withdrawn
(ISSUER NOT CO-OPERATING)
Mahavir Trading Co.                     Unallocated limit     ICRA B+      5       Withdrawn
(ISSUER NOT CO-OPERATING)
Medvarsity Online Ltd                   FB-Overdraft          ICRA BBB-    100     Assigned
Medvarsity Online Ltd                   Non-FB-BG             ICRA BBB-    20      Assigned
Medvarsity Online Ltd                   Unallocat             ICRA BBB-    10      Assigned
Megh & Ami Exports Pvt Ltd              LT, Fund based –CC    ICRA B+      75      -
                                        Limits
(Rating continues to remain in the Issuer Not Cooperating category)
Mewad Polymers Pvt Ltd                  LT fund based (CC     ICRA BB-     60      -
                                        Limit)
(ISSUER NOT COOPERATING,Rating moved to the Issuer Not Cooperating category)
Mewad Polymers Pvt Ltd                  LT fund based (TL)    ICRA BB-     40      -
(ISSUER NOT COOPERATING,Rating moved to the Issuer Not Cooperating category)
Mizoram Ispat Industries                Fund based–TL         ICRA BB      200     -
(Rating continues to remainunderIssuer Not Cooperating category)
Mizoram Ispat Industries                Fund based–CC         ICRA BB      42.5    -
(Rating continues to remainunderIssuer Not Cooperating category)
Mizoram Ispat Industries                Unallocated Limit     ICRA BB/A4   7.5     -
(Rating continues to remainunderIssuer Not Cooperating category)
Mohan Meakin Ltd                        LT: Fund Based/CC     ICRA BBB-    650     Upgraded
                                                                                   from ICRA BB
Mohan Meakin Ltd                        LT/ST: Unallocated    ICRA BBB-/A3 50      Upgraded
                                                                                   from ICRA
                                                                                   BB/A4+
Mrf Ltd                                 LT: NCD               ICRA AAA     5000    Reaffirmed
Mrf Ltd                                 LT:NCD –proposed      ICRA AAA     1000    Reaffirmed
Om Ginning And Pressing Factory         Fund based-TL         ICRA BB-     6.5     -
(Rating continues to remain in the Issuer Not Cooperating category)
Om Ginning And Pressing Factory         Fund based-CC         ICRA BB-     60      -
(Rating continues to remain in the Issuer Not Cooperating category)
P.P. Polyplast Pvt Ltd                  LT fund based (CC     ICRA BB+     120     -
                                        Limit)
(ISSUER NOT COOPERATING; Rating continues to be in the Issuer Not Cooperating category)
P.P. Polyplast Pvt Ltd                  LT fund based (TL)    ICRA BB+     71.8    -
(ISSUER NOT COOPERATING; Rating continues to be in the Issuer Not Cooperating category)
Pmk Distillations Pvt Ltd               FBL                   ICRA BB      150     Assigned
Prakash Offset Printers                 LT –FB CC             ICRA BB      40      -
(Rating moved to the Issuer Not Cooperating category)
Prakash Offset Printers                 LT –FB TL             ICRA BB      30      -
(Rating moved to the Issuer Not Cooperating category)
Prakash Offset Printers                 LT –Unallocated       ICRA BB      25      -
(Rating moved to the Issuer Not Cooperating category)
Pritech Projects                        LT –TL                ICRA BBB     --
(Removed from ISSUER NOT COOPERATING category and Withdrawn)
Raman Education Society                 Fund based–TL         ICRA BBB+    160     -
(Rating continues to remainunderIssuer Not Cooperating category)
S A Iron & Alloys Pvt Ltd               FB-Working Capital    ICRA BB      195     -
(Rating moved to the Issuer Not Cooperating category)
S A Iron & Alloys Pvt Ltd               FB–TL                 ICRA BB      395     -
(Rating moved to the Issuer Not Cooperating category)
Samarth Sai Logistics Pvt Ltd           FB -CC-sublimit to LOCICRA B+      --      Upgraded
                                                                                   from ICRA B
Savfab Developers Pvt.Ltd.              FB                    ICRA C+      350     -
(Rating continuesto remain in the Issuer Not Cooperating category)
Shaf Broadcast Pvt Ltd                  Fund Based –CC        ICRA BB      100     -
(Rating continues to remain in the Issuer Not Cooperating category)
Shakumbhri Pulp & Paper Mills           LT fund based         ICRA B+      61      -
Ltd
(Rating continues to remain in the Issuer Not Cooperating category)
Shreeji Construction                    LT Non-FB             ICRA BB-     200     -
(Rating continuesto remain in the Issuer Not Cooperatingcategory)
Shreeji Construction                    LT FB CC              ICRA BB-     50      -
(Rating continuesto remain in the Issuer Not Cooperatingcategory)
Shreepati Castle                        LT FBL                ICRA D       500     -
(Rating continues to remainin the Issuer Not Cooperating category)
Snqs International Socks Pvt            LT –FB                ICRA B+      80      -
Ltd
(Rating movedto the Issuer Not Cooperating category)
Suhani Knitfab Pvt Ltd                  LT FB limits          ICRA B+      70.5    Withdrawn
(ISSUER NOT CO-OPERATING)
Suhani Knitfab Pvt Ltd                  Unallocatedlimit      ICRA B+      23.7    Withdrawn
(ISSUER NOT CO-OPERATING)
Suman Proteins Pvt Ltd                  Fundbased-CC          ICRA BB-     70      -
(Rating moved toIssuer Not Cooperating category)
Summa Real Media Pvt Ltd                TL-I                  ICRA B+      25      -
(Rating continues to remain under Issuer Not Cooperating category)
Summa Real Media Pvt Ltd                TL-II                 ICRA B+      125     -
(Rating continues to remain under Issuer Not Cooperating category)
Summa Real Media Pvt Ltd                LOC                   ICRA B+      #       -
(Rating continues to remain under Issuer Not Cooperating category)/# Sublimit of term loan
Summa Real Media Pvt Ltd                CC                    ICRA B+      40      -
(Rating continues to remain under Issuer Not Cooperating category)
Swiss Glascoat Equipments Ltd           FB limits             ICRA BBB+    200     Reaffirmed
The Mahabir Jute Mills Ltd              FB-Working Capital    ICRA BB      125     -
(Rating moved to the Issuer Not Cooperating category)
The Mahabir Jute Mills Ltd              FB–TL                 ICRA BB      24.5    -
(Rating moved to the Issuer Not Cooperating category)
Transworld Terminals Pvt Ltd            TL                    ICRA A-      500     Reaffirmed
(Removed from non cooperation category)
Utility Forms Pvt Ltd                   CC Limits             ICRA BBB-    60      Reaffirmed
Vajram Holdings Pvt Ltd                 LT-TL                 ICRA BB-     200     Reaffirmed
Venus Home Appliances Pvt Ltd           LT, FB Fac            ICRA BBB     219     Reaffirmed
Venus Home Appliances Pvt Ltd           LT, TL                ICRA BBB     31      Reaffirmed
Atul Automotives                        FBL                   ICRA BBB-    110
Rating moved to the ‘Issuer Not Cooperating’ category
Ayyan Fireworks Factory Pvt Ltd         LT - Fund Based/ CC   ICRA BB+     40.8
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Ayyan Fireworks Factory Pvt Ltd         LT - Fund Based TL    ICRA BB+     19.2
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Bansidhar Agarwalla & Co. Pvt           Working Capital TL    ICRA B-      15
Ltd Unit: Chinsurah Cold
Storage
Rating continues to remain under ‘Issuer Not Cooperating’ category
Bansidhar Agarwalla & Co. Pvt           Seasonal CC           ICRA B-      32.5
Ltd Unit: Chinsurah Cold
Storage
Rating continues to remain under ‘Issuer Not Cooperating’ category
Bansidhar Agarwalla & Co. Pvt           Working Capital Loan  ICRA B-      8.6
Ltd Unit: Chinsurah Cold
Storage
Rating continues to remain under ‘Issuer Not Cooperating’ category
Bansidhar Agarwalla & Co. Pvt           BG                    ICRA B-      1.7
Ltd Unit: Chinsurah Cold
Storage
Rating continues to remain under ‘Issuer Not Cooperating’ category
Bhaskara Marketing Services             FBL                   ICRA B       60
Rating continues to remain under ‘Issuer Not Cooperating’ category
Flemingo Travel Retail Ltd              TL                    ICRA BBB+    1780    Reaffirmed
remains under watch with developing implications
Flemingo Travel Retail Ltd              LT - Unallocated      ICRA BBB+    750     Reaffirmed
                                        Limits
remains under watch with developing implications
Flemingo Travel Retail Ltd              LT/ST - Fundbased/    ICRA BBB+/   1250    Reaffirmed
                                        Non-FBL               ICRA A2
remains under watch with developing implications
Ganapati Motors                         Fund based-CC         ICRA D       75
Revised from ICRA BB- and continues to be in ‘Issuer Not Cooperating’ category
Ganapati Motors                         Fund based-Dealer     ICRA D       210
                                        Financing Scheme
Revised from ICRA BB- and continues to be in ‘Issuer Not Cooperating’ category
Gmr Energy Ltd                          LT / ST Non-FB        ICRA B+ / A4 6100
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Gurpreet Galvanizing Pvt Ltd            Fund Based – CC       ICRA BBB     500     Reaffirmed
outlook revised to Stable from Positive
Hiraman Developers Pvt Ltd              LT Fund based/TL      ICRA D       70
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Indian Pulp & Paper Pvt Ltd             FBL- TL**             ICRA D       -       Assigned
**Term Loan includes Funded Interest Term Loan and Working Capital Term Loan
Indian Pulp & Paper Pvt Ltd             FBL- CC               ICRA D       159.3   Assigned
J.R. Roadlines Pvt. Ltd.                FBL                   ICRA BBB-    180
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kg Foundations (P) Ltd                  LT - Unallocated      ICRA BB-     200
Rating continues to remain in the ‘Issuer Not Cooperating’ category
L&T Metro Rail (Hyderabad) Ltd          NCD Programme         ICRA AAA(SO) 7500    outstanding
L&T Metro Rail (Hyderabad) Ltd          NCD Programme         Provisional  2500    Assigned
                                                              ICRA AAA(SO)
Lohiya Developers                       LT Fund based/CC      ICRA B       50
Rating moved to the ‘Issuer Not Cooperating’ category
Lohiya Developers                       ST Fund based/BG      ICRA B       5
Rating moved to the ‘Issuer Not Cooperating’ category
Maars Infra Developers Pvt Ltd          Proposed NCD ProgrammeProvisional  600     Assigned
                                                              ICRA BBB(SO)
Malwa Automotives Pvt. Ltd.             Fund Based- Working   ICRA B+      130
                                        Capital
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Malwa Automotives Pvt. Ltd.             Fund Based- TL        ICRA B+      40
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Mewar Hitech Engineering Ltd            FB Limits             ICRA BB      100
Upgraded from ICRA BB-
Milan Associates                        Overdraft             ICRA BB      70
Rating continues to remain under ‘Issuer Not Cooperating’ category
Northern Arc Capital Ltd                Cumulative            ICRA A       200     Assigned
                                        non-convertible
                                        compulsorily - redeemable PS
Northern Arc Capital Ltd                NCD                   ICRA A+      500     Assigned
Northern Arc Capital Ltd                LT FBL                ICRA A+      20000   outstanding
Northern Arc Capital Ltd                NCDs                  ICRA A+      9350    outstanding
Northern Arc Capital Ltd                Subordinated Debt     ICRA A+      825     outstanding
Orbit Exports Ltd                       FB - CC               ICRA A       150     re-affirmed
Orbit Exports Ltd                       Fund Based – TL       ICRA A       180     re-affirmed
Orbit Exports Ltd                       Unallocated limits    ICRA A/      219.3   Reaffirmed
                                                              ICRA A1
Pulse Pharmaceuticals Pvt Ltd           Fund based - CC       ICRA BB+     170     Withdrawn
Pulse Pharmaceuticals Pvt Ltd           Fund based – TL       ICRA BB+     58.7    Withdrawn
Pulse Pharmaceuticals Pvt Ltd           Unallocated           ICRA BB+ /   11.3    Withdrawn
                                                              ICRA A4+
Raman Agro Exports Pvt Ltd              CC                    ICRA B+      40
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Raman Agro Exports Pvt Ltd              TL                    ICRA B+      60
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Renaissance Holdings &                  LT- TL                ICRA BB+     349     Reaffirmed
Developers (P) Ltd
Saileela Processors Pvt Ltd             LT - Fund Based/ CC   ICRA BB-     150
(Formerly Known As Suzuki
Synthetics Pvt Ltd)
Rating moved to the ‘Issuer Not Cooperating’ category
Saileela Processors Pvt Ltd             LT - Fund Based TL    ICRA BB-     110
(Formerly Known As Suzuki
Synthetics Pvt Ltd)
Rating moved to the ‘Issuer Not Cooperating’ category
Sayaji Hotels Ltd                       LT - TL               ICRA BBB-    681.8
under rating watch with developing implications
Sayaji Hotels Ltd                       LT- CC Fac            ICRA BBB-    67.5
under rating watch with developing implications
Sayaji Hotels Ltd                       LT - Non-FB Fac       ICRA BBB-    39.2
under rating watch with developing implications
Sayaji Hotels Ltd                       Unallocated           ICRA BBB-    150.3
under rating watch with developing implications
Shree Madhav Agencies Pvt Ltd           Fund based-CC         ICRA B       37.5
Rating continues to remain under ‘Issuer Not Cooperating’ category
Shree Madhav Agencies Pvt Ltd           Fund based-Stand by   ICRA B       6.5
                                        line of Credit
Rating continues to remain under ‘Issuer Not Cooperating’ category
Uneecops Technologies Ltd               LT FB                 ICRA BBB-    180
Assigned/ outstanding
Vikas Spool Pvt Ltd                     LT FB CC              ICRA BB+     80
outstanding
Vikas Spool Pvt Ltd                     LT FB TL              ICRA BB+     191.6
Assigned/ outstanding
Woolways (India) Ltd                    Long/ST Fund based    ICRA D       100
Ratings moved to Issuer Not Cooperating’ category
--------------------------------------------------------------------------------------------
$: 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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