September 3, 2018 / 11:17 AM / in 3 months

RPT-ICRA ratings for Indian debt instruments-Sep 3

 (Repeating to add more ratings)
    Sep 3 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of August 31, 2018.

COMPANY                                 INSTRUMENT            RATING      AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------      -----    ---------
SHORT TERM RATINGS:
-------------------
Ahitri Spinning Mills Pvt. Ltd.         Non-fund Based – BG   ICRA A4      13.5    Assigned
Bhartiya International Ltd              ST – non-FB Fac       ICRA A2      1373.5  Downgraded
                                                                                   from ICRA A1
Bhartiya International Ltd              ST-fund based/        ICRA A2      300     Downgraded
                                        non-fund based --                          from ICRA A1
City Union Bank Ltd                     CD                    ICRA A1+     250     Assigned
Issuer did not co-operate; based on best available information.
Gress Ceramica Pvt Ltd                  Non Fund based- BG    ICRA A4      10      -
Rating moved to the ‘Issuer Not Cooperating’ category
Haldiram Marketing Pvt. Ltd.            Non-FBL               ICRA A1      30      Assigned
Icmc Corporation Ltd                    ST Non-Fund Based     ICRA A4      245     -
Rating moved to ‘Issuer Not Cooperating’ category
Indoco Remedies Ltd                     CP Programme          ICRA A1      250     outstanding
Indoco Remedies Ltd                     ST, FB Limits         ICRA A1+     200     outstanding
Indoco Remedies Ltd                     ST, Non-FBL           ICRA A1+     202.5   Assigned
                                                                                   /Outstanding
Ishwar Cables Pvt Ltd                   ST: Non-Fund          ICRA A4      10      -
                                        Based-BG/ LOC
Moved to ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 ST: Non-Fund          ICRA A4      225     -
                                        Based-BG/ LOC
Moved to ‘Issuer Not Cooperating’ category
Jayant Snacks & Beverages Pvt           Non-FBL               ICRA A4      3.5     -
Ltd
Rating moved to ‘Issuer Not Cooperating’ category
Julius Baer Capital (India)             CP                    ICRA A1+     12000   Reaffirmed
Pvt Ltd
K P Buildcon Pvt Ltd                    Non Fund Based – BG   ICRA A4      15      -
Issuer did not co-operate; based on best available information.
K S Infra Transmission Pvt Ltd          ST: Non-Fund          ICRA A4      25      -
                                        Based-BG/ LOC
Issuer did not co-operate; based on best available information.
K. S. Fiber                             Non-fund basedForeign ICRA A4      -       -
                                        LOC
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kadvani Forge Ltd                       ST FBL                ICRA A4      50
Rating continues to remain under ‘Issuer Not Cooperating’ category
Krishna Fashion                         Non-fund based        ICRA A4      15      -
Rating moved to the ‘Issuer Not Cooperating’ category
L & T Infra Debt Fund Ltd               CP programme          ICRA A1+     5000    Reaffirmed
Larsen & Toubro Ltd                     CP                    ICRA A1+     80000   outstanding
Manish Agro-Tech Ltd                    ST Non-FB Fac         ICRA A4      100
(ISSUER NOT COOPERATING)
Mfar Constructions Pvt Ltd              Non-fundbased         ICRA A4+     1260
ISSUER NOT COOPERATING
M.M. Brothers                           Non-fund based/ BG    ICRA A4      350     -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Icomm Tele Ltd                          ST – NonFB limits     ICRA D       9635.3  -
Rating moved to the ‘Issuer Not Cooperating’ category
Motherhood Institute Of                 Non FB/               ICRA A4      37.5    -
Management &  Technology
Society
Rating moved to the ‘Issuer Not Cooperating’ category
Pagro Frozen Foods Pvt Ltd              Corporate Loan        ICRA A4      7.5
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Pon Pure Chemical India Pvt Ltd         ST, Non-FB Fac        ICRA A2      3490    Reaffirmed
Pon Pure Chemical India Pvt Ltd         ST, Unallocated limitsICRA A2      864.7   Reaffirmed
Pon Pure Chemical India Pvt Ltd         ST, FB/Non-fund based ICRA A2      -       Reaffirmed
                                        ( sub limits)
Pon Pure Chemical India Pvt Ltd         ST, FB/Non-fund based ICRA A2      -       Reaffirmed
                                        (sub-limits) (SBLC)
Precious Jewels Corporation             Fund based Packing    ICRA A4+     200     Reaffirmed
                                        Credit Non- fund
                                        based/ BG
Precious Jewels Corporation             Unallocated           ICRA A4+     10      Reaffirmed
Pure Chemicals Co.                      Fac                   ICRA A3      0
Pure Chemicals Co.                      Non-fund              ICRA A3+     295     Upgraded
                                        based-Working Capital                      from ICRA A3
R. Krishnamurthy & Co.                  BG                    ICRA A4      70
(ISSUER NOT COOPERATING)
Seagull Associates                      Fund Based-ST         ICRA A4      160     Reaffirmed
Seleo Ceramic Pvt Ltd                   ST NonFB              ICRA A4      10      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Sigma Power And Energy                  Non Fund Based-ST     ICRA A4      40      Reaffirmed
Engineers
Sri Someshwara Fertilizers              ST - Non-fundbased -  ICRA A4      100.7   Reaffirmed
&  Chemicals                          BG
removed from noncooperating category *
T.K. International Ltd                  NFBL                  ICRA A4      5
Reason for delay in carrying out periodic review
- Info and fee not provided
Theruvath Builders                      ST, Non-fund based    ICRA A4      180
                                        facilitates
Reason for delay in carrying out periodic review. Should be one of the following
- Review process underway
Tvs Logistics Services Ltd              ST fund based         ICRA A1+     100     revised from
                                                                                   ICRA A1
Tvs Logistics Services Ltd              ST non-fund based     ICRA A1+     -       revised from
                                                                                   ICRA A1
Vivekanand Enterprise                   ST: Interchangeable^  ICRA A4      -       Withdrawn
^ sub-limit under term loan facility
V-Mart Retail Ltd                       Non-FBL               ICRA A1+     150     Reaffirmed
Vichitra Prestressed Concrete           BG                    ICRA A4      150
Udyog (P) Ltd.
Continues to remain under the ‘Issuer Not Cooperating’ category
Z V Steels Pvt Ltd                      ST non FBL            ICRA A4      -       Withdrawn


LONG TERM RATINGS:
-------------------
Aai Krupa Cotton Industries             CC                    ICRA D       50      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Aai Krupa Cotton Industries             TL                    ICRA D       17      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Ahitri Spinning Mills Pvt. Ltd.         FB – TL               ICRA B+      180     Assigned
Ahitri Spinning Mills Pvt. Ltd.         FB – CC               ICRA B+      10      Assigned
Ambernath Municipal Council             Issuer rating         ICRA BBB     -       Withdrawn
ISSUER NOT COOPERATING
Anjali Infracrete Pvt Ltd               CC                    ICRA B       35      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anjali Infracrete Pvt Ltd               TL                    ICRA B       54      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Anjali Infracrete Pvt Ltd               Unallocated limit     ICRA B       11      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Antique Cottex Pvt Ltd                  FB – TL               ICRA B+      0.2     Reaffirmed
removed from non cooperation category
Antique Cottex Pvt Ltd                  FB – CC               ICRA B+      75      Reaffirmed
removed from non cooperation category
Antique Cottex Pvt Ltd                  Unallocated           ICRA B+ /    6.6     -
                                                              ICRA A4
removed from non cooperation category
Bacc Healthcare Pvt Ltd                 LT – Fund Based       ICRA A-      195     Reaffirmed
                                                              (SO)
Bhartiya International Ltd              LT – non-FB Fac       -            -       -
Bhartiya International Ltd              LT – FB Fac           ICRA BBB+    506.5   Downgraded
                                                                                   from ICRA A
Bhartiya International Ltd              LT/ ST – fund-        ICRA BBB+    1230    Downgraded
                                        based/non-fund based^ /ICRA A2             from ICRA
                                                                                   A/ICRA A1
^These limits are interchangeable on long term and short-term scale. In case the limits are
availed as short-term facilities, the short-term rating will be applicable and in case the limit
is availed as long-term facility, the long-term rating will be applicable. The overall
utilisation by way of long-term and short-term facilities cannot exceed the stated amount.
Bhartiya International Ltd              LT/ ST – FB Fac^      ICRA BBB+    2932    Downgraded
                                                              /ICRA A2             from ICRA
                                                                                   A/ICRA A1
^These limits are interchangeable on long term and short-term scale. In case the limits are
availed as short-term facilities, the short-term rating will be applicable and in case the limit
is availed as long-term facility, the long-term rating will be applicable. The overall
utilisation by way of long-term and short-term facilities cannot exceed the stated amount.
Color Chemicals                         LT, FB Fac (CC)       ICRA BBB     110     Upgraded
                                                                                   from ICRA
                                                                                   BBB-
Chenani Nashri Tunnelway Ltd            Provisional TL        Provisional  39430   Assigned
                                                              ICRA AAA
                                                              (SO)
Chenani Nashri Tunnelway Ltd            External Commercial   Provisional  2570    Assigned
                                        Borrowing (ECB)       ICRA AAA
                                                              (SO)
Dindigul City Municipal                 Issuer rating         ICRA BB-     -
Corporation
(ISSUER NOT COOPERATING)
Fortius Infradevelopers Llp             Fund Based- TL        ICRA BB+     1000
Reason for delay in carrying out periodic review:
- Review process is underway
Goodearth Maritime Ltd                  BLR                   ICRA D       2429.6
Reason for delay in carrying out periodic review:
- Issuer delayed in giving information
Gemini Developers                       Unallocated           ICRA BB-     95      -
Issuer did not co-operate; based on best available information.
Gress Ceramica Pvt Ltd                  Fund based-TL         ICRA B-      33.6    -
Rating moved to the ‘Issuer Not Cooperating’ category
Gress Ceramica Pvt Ltd                  Fund based-CC         ICRA B-      30      -
Rating moved to the ‘Issuer Not Cooperating’ category
Gress Ceramica Pvt Ltd                  Unallocated Limits    ICRA B-      18.9    -
                                                              /ICRA A4
Rating moved to the ‘Issuer Not Cooperating’ category
Haldiram Marketing Pvt. Ltd.            FBL                   ICRA A       170     Assigned
Haldia Petrochemicals Ltd               LT Limits- TL         ICRA AA      41621.5 Upgraded
                                                                                   from ICRA AA-
Haldia Petrochemicals Ltd               LT Limits-FB          ICRA AA      3130    Upgraded
                                                                                   from ICRA AA-
Haldia Petrochemicals Ltd               Proposed NCD ProgrammeICRA AA      10000   Upgraded
                                                                                   from ICRA AA-
Haldia Petrochemicals Ltd               Issuer Rating1        ICRA AA      -       Upgraded
                                                                                   from ICRA AA-
Haldia Petrochemicals Ltd               LT/ST Unallocated     ICRA AA/     -       Upgraded
                                                              ICRA A1+             from ICRA
                                                                                   AA-/
                                                                                   Reaffirmed
Haryana State Industrial And            LT FB working capital ICRA BBB+    87550   Reaffirmed
Infrastructure Development              limit
Corporation Ltd
Haryana State Industrial And            LT/ ST FB             ICRA BBB+/A2 62450   Reaffirmed
Infrastructure Development
Corporation Ltd
Hassan City Municipal Council           Issuer rating         ICRA BBB-    -       Withdrawn
Icici Bank Ltd. (2005) Mbs 1            Second Loss Facility  ICRA AA(SO)  597.3   Reaffirmed
(Aawas Trust Series 8)
Icici Bank Ltd. (2005) Mbs 1            PTC Series A2         ICRA AAA(SO) 3000    Reaffirmed
(Aawas Trust Series 8)
Icici Bank Ltd. (2005) Mbs 1            PTC Series B^^        ICRA AAA(SO) -       Reaffirmed
(Aawas Trust Series 8)
^^ Initial Investment by Series B PTC holders was nominal
Icici Bank Ltd. (2005) Mbs 2            PTC Series A2         ICRA AAA(SO) 3453.9  Reaffirmed
(Aawas Trust Series 5)
Icici Bank Ltd. (2005) Mbs 2            PTC Series B^^        ICRA AAA(SO) -       Reaffirmed
(Aawas Trust Series 5)
^^ Initial Investment by Series B PTC holders was nominal
Icici Bank Ltd. (2005) Mbs 2            Second Loss Facility  ICRA AAA(SO) 627.7   Reaffirmed
(Aawas Trust Series 5)
Icmc Corporation Ltd                    LT – Fund Based       ICRA BB      632.9   -
Rating moved to ‘Issuer Not Cooperating’ category
Icmc Corporation Ltd                    LT – Proposed Fac     ICRA BB      17.1    -
Rating moved to ‘Issuer Not Cooperating’ category
Icomm Tele Ltd                          Fund based-TL         ICRA D       4525    -
Rating moved to the ‘Issuer Not Cooperating’ category
Icomm Tele Ltd                          Fund based-CC         ICRA D       3471.7  -
Rating moved to the ‘Issuer Not Cooperating’ category
Icomm Tele Ltd                          LT- Unallocated LimitsICRA D       6274.4  -
Rating moved to the ‘Issuer Not Cooperating’ category
Indoco Remedies Ltd                     Long-TL               ICRA A+      2500    Assigned
                                                                                   /Outstanding
Indoco Remedies Ltd                     LT, FB Limits         ICRA A+      294     outstanding
Indoco Remedies Ltd                     LT, Non-FBL           ICRA A+      243.7   Assigned
Indoco Remedies Ltd                     LT / ST, Unallocated  ICRA A+ /    850     Assigned
                                        Limits                ICRA A1+
Indian Steel Corporation Ltd            TL                    ICRA D       7936.1  Reaffirmed
Indian Steel Corporation Ltd            FB Limits             ICRA D       2053.6  Reaffirmed
Indian Steel Corporation Ltd            Non-FB Limits         ICRA D       10468.2 Reaffirmed
Indian Steel Corporation Ltd            Unallocated           ICRA D       4747.4  Reaffirmed
Ishwar Cables Pvt Ltd                   LT: Fund Based- CC    ICRA B       60      -
Moved to ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 LT: Fund Based- CC    ICRA B+      200     -
Moved to ‘Issuer Not Cooperating’ category
Ishwar Metal Industries                 LT: Fund Based- TL    ICRA B+      9.9     -
Moved to ‘Issuer Not Cooperating’ category
Jalna Municipal Council                 Issuer rating         ICRA BB      -       Withdrawn
ISSUER NOT COOPERATING
Jayant Snacks & Beverages Pvt           FBL                   ICRA BB-     169.5   -
Ltd
Rating moved to ‘Issuer Not Cooperating’ category
Jayant Snacks & Beverages Pvt           Unallocated Limits    ICRA BB-     54.1    -
Ltd                                                           /ICRA A4
Rating moved to ‘Issuer Not Cooperating’ category
Krishna Cottex Industries               TL                    ICRA B       8.7
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Krishna Cottex Industries               CC                    ICRA B       45
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Krishna Cottex Industries               Unallocated Limits    ICRA B       6.8
Reason for delay in carrying out periodic review:
- Issuer not cooperating
K P Buildcon Pvt Ltd                    Fund based- CC        ICRA B+      155.5   -
Issuer did not co-operate; based on best available information.
K P Buildcon Pvt Ltd                    Unallocated           ICRA B+      2       -
Issuer did not co-operate; based on best available information.
K S Infra Transmission Pvt Ltd          LT: Fund Based- CC    ICRA B       70      -
Moved to ‘Issuer Not Cooperating’ category
K S Infra Transmission Pvt Ltd          LT: Fund Based- CC    ICRA B       70      -
Issuer did not co-operate; based on best available information.
K. S. Fiber                             Fund based-TL         ICRA B       161     -
Rating continues to remain under ‘Issuer Not Cooperating’ category
K. S. Fiber                             Fund based-CC         ICRA B       80      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kadvani Forge Ltd                       FB – TL               ICRA B       14.8
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kadvani Forge Ltd                       FB – CC               ICRA B       250
Rating continues to remain under ‘Issuer Not Cooperating’ category
Kadvani Forge Ltd                       FB – Working Capital  ICRA B       13
                                        Demand Loan
Rating continues to remain under ‘Issuer Not Cooperating’ category
Krishna Fashion                         Fund based- Working   ICRA B+      125     -
                                        Capital
Rating moved to the ‘Issuer Not Cooperating’ category
Krishna Fashion                         Fund based-TL         ICRA B+      -       -
Rating moved to the ‘Issuer Not Cooperating’ category,#consists capex Letter of Credit
(Import)/Buyer’s Credit Sub-Limit of Term Loan of Rs. 15.75 crore
Krishna Fashion                         Unallocated Limits    ICRA         0.4     -
                                                              B+/ICRA A4
Rating moved to the ‘Issuer Not Cooperating’ category
Krishna Kanhaiyya Milk                  Fund based-TL         ICRA B+      71      Withdrawn
Processing Pvt Ltd
ISSUER NOT COOPERATING
Krishna Kanhaiyya Milk                  Fund based-CC         ICRA B+      28      Withdrawn
Processing Pvt Ltd
ISSUER NOT COOPERATING
Krishnagiri Walajahpet Tollway          Fund Based - TL       ICRA A(SO)   -       Withdrawn
Ltd
Krishnagiri Walajahpet Tollway          Fund Based - TL       ICRA AA(SO)  -       Withdrawn
Ltd
L & T Infra Debt Fund Ltd               NCD Programme         ICRA AAA     70000   Reaffirmed
L&T Metro Rail (Hyderabad) Ltd          NCD Programme         ICRA AAA(SO) 7500    Reaffirmed
Larsen & Toubro Ltd                     NCD Programme         ICRA AAA     14500   outstanding
Limtex India Ltd                        FB – TL               ICRA D       9.2     -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Limtex India Ltd                        FB – CC               ICRA D       130     -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Limtex India Ltd                        FB – Standby Line of  ICRA D       120     -
                                        Credit
Rating continues to remain under ‘Issuer Not Cooperating’ category
Limtex India Ltd                        FB limit              ICRA D       430     -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Limtex India Ltd                        Non-FB limits Trust   ICRA D       198.4   -
                                        Name
Rating continues to remain under ‘Issuer Not Cooperating’ category Rating Action Amount (Rs.
Crore)
Madurai City Municipal                  Issuer rating         ICRA A-      -       Withdrawn
Corporation
(ISSUER NOT COOPERATING)
Manish Agro-Tech Ltd                    CC Fac                ICRA BB      100
(ISSUER NOT COOPERATING)
Manish Agro-Tech Ltd                    LT Unallocated        ICRA BB      50
(ISSUER NOT COOPERATING)
Manjeera Constructions Ltd              CC                    ICRA C       150     Withdrawn
(ISSUER NOT COOPERATING)
Manjeera Constructions Ltd              BG                    ICRA C       300     Withdrawn
(ISSUER NOT COOPERATING)
Manjeera Constructions Ltd              Unallocated Limits    ICRA C       150     Withdrawn
(ISSUER NOT COOPERATING)
Manjeera Retail Holdings Pvt            FBL                   ICRA D       3000    Withdrawn
Ltd
(ISSUER NOT COOPERATING)
Manjeera Retail Holdings Pvt            Unallocated Limits    ICRA D       140     Withdrawn
Ltd
(ISSUER NOT COOPERATING)
Mfar Constructions Pvt Ltd              Fund Based- CC        ICRA BB+     770
ISSUER NOT COOPERATING
M.M. Brothers                           Fund based/ CC        ICRA BB-     50      -
Rating continues to remain in the ‘Issuer Not Cooperating’ category
Malegaon Municipal Corporation          Issuer rating         ICRA BBB     -       Withdrawn
ISSUER NOT COOPERATING
Motherhood Institute Of                 FB / TL               ICRA B-      50      -
Management &  Technology
Society
Rating moved to the ‘Issuer Not Cooperating’ category
Motherhood Institute Of                 FB / CC               ICRA B-      20      -
Management &  Technology
Society
Rating moved to the ‘Issuer Not Cooperating’ category
Motherhood Institute Of                 Unallocated           ICRA B-      12.5    -
Management &  Technology
Society
Rating moved to the ‘Issuer Not Cooperating’ category
Nandurbar Municipal Council             Issuer rating         ICRA BB      -       Withdrawn
ISSUER NOT COOPERATING
Nuway Organic Natural (India)           Fund Based- CC        ICRA D       180     -
Ltd
Issuer did not co-operate; based on best available information.
Nuway Organic Natural (India)           Fund Based- TL        ICRA D       80      -
Ltd
Issuer did not co-operate; based on best available information.
Nuway Organic Natural (India)           Unallocated Limits    ICRA D       60      -
Ltd
Issuer did not co-operate; based on best available information.
Om Cotton & Oil Industries              FB Limits             ICRA B+      50.1
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Om Cotton & Oil Industries              Unallocated Limits    ICRA B+      12.4
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Permali Wallace Pvt Ltd                 FB / TL               ICRA D       412.3
Rating moved to the ‘Issuer Not Cooperating’ category
Pagro Frozen Foods Pvt Ltd              TL                    ICRA B       72.6
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Pagro Frozen Foods Pvt Ltd              CC                    ICRA B       150
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Pagro Frozen Foods Pvt Ltd              Unallocated(LT)       ICRA B       77.4
Reason for delay in carrying out periodic review:
- Issuer not cooperating
Permali Wallace Pvt Ltd                 FB / CC               ICRA D       120
Rating moved to the ‘Issuer Not Cooperating’ category
Permali Wallace Pvt Ltd                 Non FB limit / LOC    ICRA D       100
Rating moved to the ‘Issuer Not Cooperating’ category
Permali Wallace Pvt Ltd                 Non FB / BG           ICRA D       32.5
Rating moved to the ‘Issuer Not Cooperating’ category
Pittie Distributors India Pvt           FBWCL                 ICRA BB-     250     -
Ltd
Issuer did not co-operate; based on best available information.
Pritech Projects                        LT – TL               ICRA BBB     1350
Reason for delay in carrying out periodic review:
Review process is underway
Prothom Industries India Pvt            NCD (NCD)             ICRA D       150
Ltd
Reason for delay in carrying out periodic review:
- Issuer delayed in giving information
Polestar Traders Pvt Ltd                Fund based - CC       ICRA D       80      -
Issuer did not co-operate; based on best available information.
Polestar Traders Pvt Ltd                Fund Based - LOC      ICRA D       15      -
Issuer did not co-operate; based on best available information.
Pon Pure Chemical India Pvt Ltd         LT, FB/Non-fund based ICRA BBB+    -       Reaffirmed
                                        (sub-limits)
Pon Pure Chemical India Pvt Ltd         LT, FB Fac            ICRA BBB+    700     Reaffirmed
Pon Pure Chemical India Pvt Ltd         LT, FB Fac            ICRA BBB+    15.3    Reaffirmed
Pon Pure Chemical India Pvt Ltd         LT/ST, FB limits      ICRA BBB+ /  350     Reaffirmed
                                                              ICRA A2
Pon Pure Chemical India Pvt Ltd         LT/ST,                ICRA BBB+ /  -       Reaffirmed
                                        Fundbased/Non-fund    ICRA A2
                                        based (sub-limits)
Precious Jewels Corporation             Non- fund based/ BG   -            0       Reaffirmed
Pure Chemicals Co.                      LT; Fund based-       ICRA BBB     35      Upgraded
                                        Unallocated                                from ICRA
                                                                                   BBB-
Pure Chemicals Co.                      Fund based- Working   ICRA BBB     125     Upgraded
                                        Capital Fac                                from ICRA
                                                                                   BBB-
Rajapalayam Municipality                Issuer rating         ICRA BB+     -       Withdrawn
Rama Paper Mills Ltd                    Fund based-CC         ICRA D       180     -
Rating continues to remain in non-cooperating category
Rama Paper Mills Ltd                    FB TL                 ICRA D       538.1   -
Rating continues to remain in non-cooperating category
Rameswaram Municipality                 Issuer rating         ICRA BB-     -       Withdrawn
ISSUER NOT COOPERATING
R. Krishnamurthy & Co.                  CC                    ICRA BB      80
ISSUER NOT COOPERATING
R. Krishnamurthy & Co.                  LT/ ST unallocated    ICRA BB      150
                                                              /ICRA A4
ISSUER NOT COOPERATING
R. S. H. Agro Products Pvt Ltd          FB – TL               ICRA B       50
ISSUER NOT COOPERATING
R. S. H. Agro Products Pvt Ltd          FB – CC               ICRA B       100
ISSUER NOT COOPERATING
Rameshwar Industries                    LT Fund based         ICRA D       76.7    Revised from
                                                                                   ICRA B
continue to remain under ‘Issuer Not Cooperating’ category
Rameshwar Industries                    Unallocated Limits    ICRA D       10.8    Revised from
                                                                                   ICRA B
continue to remain under ‘Issuer Not Cooperating’ category
Reliance Infrastructure Invit           Issuer Rating         ICRA AAA     -       Withdrawn
Fund
Sarvesh Cars And Motors Pvt Ltd         LT: FBL               ICRA B+      89
Reason for delay in carrying out periodic review – Issuer yet to provide necessary information
Sarvesh Cars And Motors Pvt Ltd         LT: TL                ICRA B+      35.7
Reason for delay in carrying out periodic review – Issuer yet to provide necessary information
Seagull Associates                      TL-LT                 ICRA BB      10      Upgraded
                                                                                   from ICRA BB-
Seleo Ceramic Pvt Ltd                   LT Fundbased          ICRA B       64.8    -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Seleo Ceramic Pvt Ltd                   Unallocated Limits    ICRA B       23      -
Rating continues to remain under ‘Issuer Not Cooperating’ category
Shiny Shipping & Logistics              Bk loans              ICRA         343
Pvt. Ltd.                                                     BBB-/ICRA A3
Reason for delay in carrying out periodic review – Issuer delayed in giving information
Shivam Transport Company                Working capital limitsICRA B+      70
ISSUER NOT COOPERATING
Sonal Vyapar Pvt Ltd                    Bk Loan Ratings       ICRA BB-/    260.2
                                                              ICRA A4
Reason for delay in carrying out periodic review:
- Issuer delayed in giving information
Shankara Vehicles Pvt. Ltd.             FB – CC               ICRA B+      90      Reaffirmed
Removed from ‘Issuer Not Cooperating’ Category
Shankara Vehicles Pvt. Ltd.             FB –TL                ICRA B+      5       Reaffirmed
Removed from ‘Issuer Not Cooperating’ Category
Shankara Vehicles Pvt. Ltd.             Unallocated Limits    ICRA B+      5       Reaffirmed
                                        Certificates of
                                        Deposit Programme CP programme
Removed from ‘Issuer Not Cooperating’ Category
Sheth Developers                        FBCC                  ICRA BB-     100     Withdrawn
Shine Metaltech Pvt Ltd                 LT: CC                ICRA D       6       -
Continues to remain under the ‘Issuer Not Cooperating’ category
Shine Metaltech Pvt Ltd                 LT TL                 ICRA D       64      -
Shreyans Oil Ltd                        Fund Based- CC        ICRA BB-     60      -
Issuer did not co-operate; based on best available information.
Shreyans Oil Ltd                        Unallocated Limits    ICRA BB-     25      -
Issuer did not co-operate; based on best available information.
Sigma Power And Energy                  Fund Based-LT         ICRA BB-     60      Upgraded
Engineers                                                                          from ICRA B+
Sri Someshwara Fertilizers              LT - FB - CC          ICRA B+      120     Reaffirmed
&  Chemicals
removed from non-cooperating category *
T.K. International Ltd                  FBL                   ICRA B-      120
Reason for delay in carrying out periodic review
- Info and fee not provided
Theruvath Builders                      LT, Fun-based Fac     ICRA BB      220
Reason for delay in carrying out periodic review. Should be one of the following
- Review process underway
Tiruchirappali City Municipal           Issuer rating         ICRA BBB+    -       Withdrawn
Corporation
(ISSUER NOT COOPERATING)
Tvs Logistics Services Ltd              TL                    ICRA A+      500     Reaffirmed
Tvs Logistics Services Ltd              LT FB                 ICRA A+      1000    Reaffirmed
Tvs Logistics Services Ltd              LT non-fund based     ICRA A+      -       Reaffirmed
Vivekanand Enterprise                   LT: Fund based – CC   ICRA BB-     23      Withdrawn
Vivekanand Enterprise                   LT: Fund based – TL   ICRA BB-     31.2    Withdrawn
V-Mart Retail Ltd                       CC                    ICRA AA-     1100    Upgraded
                                                                                   from ICRA
                                                                                   A+
Value Plus Retail Pvt Ltd               Fund based - CC       ICRA BB+     200     Reaffirmed
Varam Capital Pvt Ltd                   TL                    ICRA BB+     1000    Reaffirmed
Vichitra Prestressed Concrete           LT: CC                ICRA C+      50
Udyog (P) Ltd.
Continues to remain under the ‘Issuer Not Cooperating’ category
Z V Steels Pvt Ltd                      LT FB limit           ICRA B+      180     Withdrawn
--------------------------------------------------------------------------------------------
$: 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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