Apr 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NSE:ICRA)) for local debt instruments as of March 31, 2015. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
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--------- SHORT TERM RATINGS: ------------------- Aarti Drugs Ltd
ST - Fund based
ICRA A2+
3710
Reaffirmed Enhanced from Rs. 239.00 crore to Rs. 371.00 crore Aarti Drugs Ltd
ST - Non Fund Based
ICRA A2+
2810
Reaffirmed Enhanced from Rs. 221.00 crore to Rs. 281.00 crore Backbone Enterprises Ltd
Bill Discounting
ICRA A2+
20
Assigned Backbone Enterprises Ltd
BGs
ICRA A2+
3750
Assigned Backbone Enterprises Ltd
LOC
ICRA A2+
330
Assigned Backbone Enterprises Ltd
Derivatives
ICRA A2+
25
Assigned Bhatia & Company
Inventory Funding
ICRA A4
265
Reaffirmed Bhatia & Company
optionally
ICRA A4
35
Reaffirmed
convertible debenture Bhatia & Company
LOC
ICRA A4
120
Reaffirmed Dhirendra Narayan Cold Storage
Seasonal CC
ICRA A4
43.6
Reaffirmed Pvt Ltd Gayatri Engineering
Off- grid solar
SP 2D
Assigned Construction & Consultancy Pvt
project Ltd Jsm Vegoils Pvt Ltd
Non-FBL
ICRA A4
72.5
Assigned Jsw Steel Ltd
ST FB limits
ICRA A1+
14000 Assigned Jsw Steel Ltd
ST Non-FBL
ICRA A1+
165100 Assigned Jsw Steel Ltd
CP Programme
ICRA A1+
35000 Assigned Karvy Stock Broking Ltd
ST Debt
ICRA A1+
2000
Reaffirmed Karvy Stock Broking Ltd
CP Programme*
ICRA A1+
1500
Reaffirmed
(SO) *The structured Obligation (SO) rating is backed Stand-by facility from HDFC Bank (NSE:HDBK) Karvy Stock Broking Ltd
CP Programme#
ICRA A1+
1000
Assigned
(SO)! # The structured Obligation (SO) rating is backed Stand-by facility from Indusind Bank. ! The rating is conditional subject to the receipt of executed guarantee documents pertaining to the said facility. Lobel Solar Power System
Off- grid solar
SP 3C
Assigned
project MAA Bameswari Cold Storage
Seasonal CC
ICRA A4
37.2
Reaffirmed Pvt. Ltd. Mainframe Energy Solutions Pvt
Off- grid solar
SP3D
Assigned Ltd
project Naviya Technologies
Off- grid solar
SP 3D
Assigned
project Shiva Global Agro Industries
ST, Non-FBL
ICRA A4+
120
Reaffirmed Ltd Shrinivasa Agro Foods Pvt Ltd
ST, FBL
ICRA A4+
100
Reaffirmed Starfield Renewables Pvt Ltd
off grid solar
SP4D
Assigned
projects Suyog Electricals Ltd
LOC
ICRA A3
10
Reaffirmed Ufo Moviez India Ltd
ST, Non-FB limits
ICRA A1
350
Upgraded
from
ICRA A2+ LONG TERM RATINGS: ------------------- Aarti Drugs Ltd
LT - TL
ICRA A-
2302.2 Reaffirmed Enhanced from Rs. 177.53 crore to Rs 230.22 crore Aarti Drugs Ltd
LT - CC
ICRA A-
240
Reaffirmed Enhanced from Rs. 16.75 crore to Rs. 24.00 crore Aarti Drugs Ltd
LT/ST - Unallocated
ICRA A-/
7.8
Reaffirmed
A2+ Reduced from Rs. 75.72 crore to Rs. 0.78 cr Agartala Rubber Industry
TL
ICRA D
28.3
Suspended Agartala Rubber Industry
CC
ICRA D
100
Suspended Agartala Rubber Industry
interchangeable limits ICRA D
30
Suspended Agartala Rubber Industry
Non-FBL
ICRA D
18
Suspended Backbone Enterprises Ltd
CC Limits
ICRA A-
750
Assigned Backbone Enterprises Ltd
TL
ICRA A-
870
Assigned Backbone Enterprises Ltd
WCDL
ICRA A-
100
Assigned Backbone Enterprises Ltd
Proposed Limits
ICRA A-
150
Assigned Bhalkeshwar Sugars Ltd
TL
ICRA C-
955
Upgraded
from ICRA]D Bhatia & Company
TL
ICRA BB
192.4 Reaffirmed Bhatia & Company
CC
ICRA BB
270
Reaffirmed Dhirendra Narayan Cold Storage
Working Capital Loan ICRA B
7
Reaffirmed Pvt Ltd Dhirendra Narayan Cold Storage
TL
ICRA B
3
Reaffirmed Pvt Ltd Dhuria Rice Mills
LT FBL
ICRA B
60
Reaffirmed Ghatprabha Fertilizers Pvt Ltd
LT, FBL
ICRA BB
200
Reaffirmed Hariom Flexipack Industries
LT, Fund Based - CC
ICRA B
35
Reaffirmed Hariom Flexipack Industries
LT, Fund Based - TL
ICRA B
45.5
Reaffirmed Icici Bank Ltd (2005) MBS 1
PTC Series A2
ICRA AAA
Reaffirmed (Aawas Trust Series 8)
(SO) Icici Bank Ltd (2005) MBS 1
PTC Series B^^
ICRA AAA
Reaffirmed (Aawas Trust Series 8)
(SO) ^^ Initial Investment by Series B PTC holders was nominal Icici Bank Ltd (2005) MBS 2
PTC Series A2
ICRA AAA
Reaffirmed (Aawas Trust Series 8)
(SO) Icici Bank Ltd (2005) MBS 2
PTC Series B^^
ICRA AAA
Reaffirmed (Aawas Trust Series 8)
(SO) ^^ Initial Investment by Series B PTC holders was nominal Innova Children'S Heart
FBL - CC
ICRA D
40
Reaffirmed Hospital Pvt Ltd Innova Children'S Heart
FBL - TL
ICRA D
110
Reaffirmed Hospital Pvt Ltd Jsm Vegoils Pvt Ltd
Working Capital
ICRA BB-
32.5
Assigned
Limits Jsw Steel Ltd
TL / Standby LOC Fac ICRA AA
224700 Assigned Jsw Steel Ltd
NCD Programme
ICRA AA
86350 Assigned Jsw Steel Ltd
ST Non-FBL FBL
ICRA AA / 48425.3 Assigned
ICRA A1+ K.P.Saha Pvt Ltd Unit: Maa
TL
ICRA B+
26.9
Reaffirmed Bameswari Rice Mill K.P.Saha Pvt Ltd Unit: Maa
CC
ICRA B+
25
Reaffirmed Bameswari Rice Mill K.P.Saha Pvt Ltd Unit: Maa
BG
ICRA B+
1.3
Reaffirmed Bameswari Rice Mill Kapsons Insulations Pvt Ltd
TL
ICRA D
35
Suspended Kapsons Insulations Pvt Ltd
cash credit limits,
ICRA D
100
Suspended Kapsons Insulations Pvt Ltd
unallocated limits
ICRA D
29.9
Suspended Kapsons Insulations Pvt Ltd
Non-FBL
ICRA D
60
Suspended Karvy Stock Broking Ltd
LT Bk Lines
ICRA A+
2500
Reaffirmed Maa Bameswari Cold Storage
Working Capital Loan ICRA B
5.4
Reaffirmed Pvt. Ltd. Maa Bameswari Cold Storage
TL
ICRA B
13.1
Reaffirmed Pvt. Ltd. Nirwana Hotels And Resorts Pvt
TL
ICRA B
66.1
Reaffirmed Ltd Nirwana Hotels And Resorts Pvt
FB Fac
ICRA B
6
Reaffirmed Ltd Nirwana Hotels And Resorts Pvt
Non-FB Fac
ICRA B
0.2
Reaffirmed Ltd Nirwana Hotels And Resorts Pvt
Proposed TL
ICRA B
0.2
Reaffirmed Ltd Rohit Fabtex
LT- FBL
ICRA B+
70
Assigned Shell (LONDON:RDSa) Apparels Pvt Ltd
TL
ICRA BB+
81.4
Assigned /
Outstanding Shell Apparels Pvt Ltd
LT FBL
ICRA BB+
150
Assigned /
Outstanding Shell Apparels Pvt Ltd
LT NFBL
ICRA BB+
20.1
Outstanding Shiva Global Agro Industries
LT, TL
ICRA BB
50
Reaffirmed Ltd Shiva Global Agro Industries
LT, FBL
ICRA BB
320
Reaffirmed Ltd Shiva Parvati Poutry Feeds Pvt
LT, FBL
ICRA BB
350
Reaffirmed Ltd Shrinivasa Agro Foods Pvt Ltd
LT, FBL
ICRA BB
300
Reaffirmed Suyog Electricals Ltd
CC Facility
ICRA BBB- 102.5 Reaffirmed Suyog Electricals Ltd
TL
ICRA BBB- 20
Reaffirmed Suyog Electricals Ltd
BG
ICRA BBB- 160
Reaffirmed UFO Moviez India Ltd
TL
ICRA A+
970
Upgraded
from ICRA A- UFO Moviez India Ltd
LT, FB limits
ICRA A+
300
Upgraded
from ICRA A- UFO Moviez India Ltd
TL *
ICRA A+
Upgraded
from ICRA A-
* Term loans of Rs. 22.50 crore (PY: Rs. 50.00 crore) as sublimit of short-term, non-fund-based limits of Rs. 35.00 crore (PY: Rs. 70.00 crore) ----------------------------------------------------------------------------------------------- $: 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.