ICRA ratings for Indian debt instruments-Jul 1

Published 01-07-2016, 03:53 pm
Updated 01-07-2016, 04:00 pm
© Reuters.  ICRA ratings for Indian debt instruments-Jul 1

Jul 1 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of June 30, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Kasturi Commodities Pvt Ltd

ST Scale - Non Fund

ICRA A4+

100

Assigned

Based - LOC M/S Krishnaganga Spinning

ST non-FBL

ICRA A4

33.5

Suspended Mills Pvt Ltd Marque Impex

ST FBL

ICRA A4+

40.5

Assigned Parasrampuria Engineers Pvt Ltd

Non-fund based - LOC^ ICRA A4+

150

outstanding ^Consist of Buyers Credit sublimit upto ~Rs. 3.00 crore and Counter Guarantee sublimit upto ~Rs. 12.00 crore Parasrampuria Engineers Pvt Ltd

Non-fund based -

ICRA A4+

40

Assigned

Forex Derivative Radiant Exports

NFBL

ICRA A2;

3

Outstanding S. Gopal Kamath (Cochin) Pvt

ST - FB Fac

ICRA A4

5

Reaffirmed Ltd S. Gopal Kamath (Cochin) Pvt

ST - Non-FB Fac

ICRA A4

23

Reaffirmed Ltd S. Gopal Kamath (Cochin) Pvt

Proposed Fac

ICRA A4

42

Reaffirmed Ltd Veer Plastics Pvt Ltd

ST- Non Fund Based

ICRA A3+

203.7 Reaffirmed Veer Plastics Pvt Ltd

ST- Fund based

ICRA A3+

350*

Assigned *sub limit of cash credit 20 Microns Ltd

ST non FB Fac

ICRA D

310.8 Suspended LONG TERM RATINGS: ------------------- 20 Microns Ltd

LT FB Fac

ICRA D

1149.9 Suspended Asset Homes Pvt Ltd

LT FB Fac

ICRA BBB- 50

Reaffirmed Cashpor Micro Credit

NCD (NCD) Programme

ICRA BBB- 250

Reaffirmed Geeta Educational Trust

Bk Fac

ICRA BB-

150

Suspended Gogad Fabrics Pvt Ltd

Bk Fac

ICRA BB

200

Withdrawn Grameen Koota Financial

PTC Series A1

ICRA A-(SO)

Reaffirmed Services Pvt Ltd - Delta Trust 2016 Grameen Koota Financial

PTC Series A2

ICRA BB-

Reaffirmed Services Pvt Ltd - Delta Trust

(SO) 2016 Guranditta Mal Mohan Lal

FB Fac

ICRA B

200

Suspended Hiraco India Pvt Ltd

FB Fac

ICRA BB / 400

Withdrawn

ICRA A4+ Hotel Excelsior Ltd

CC Limits

ICRA A

50

Reaffirmed Hotel Excelsior Ltd

Non-FBL

ICRA A

50

Reaffirmed Hotel Excelsior Ltd

TL

ICRA A

877

Reaffirmed Icici Prudential (LON:PRU) Asset

ICICI Prudential

ICRA AAAmfs

Reaffirmed Management Co. Ltd

Blended Plan B Icici Prudential Asset

ICICI Prudential ST

ICRA AAAmfs

Reaffirmed Management Co. Ltd

Plan Icici Prudential Asset

ICICI Prudential

ICRA AAAmfs

Reaffirmed Management Co. Ltd

Dynamic Bond Fund Icici Prudential Asset

ICICI Prudential

ICRA AAmfs

Reaffirmed Management Co. Ltd

Corporate Bond Fund Ifmr Capital Finance Pvt Ltd -

PTC Series A2

ICRA B(SO) 26.4

Assigned Ifmr Capital Mosec Saturn 2016 Ifmr Capital Finance Pvt Ltd -

PTC Series A1

ICRA]BBB+

162.4 Assigned Ifmr Capital Mosec Saturn 2016

(SO) Janpath Estates Pvt Ltd

Bk Fac

ICRA B+

250

Suspended Jindal Power Ltd

TL

ICRA A-

75902.8 Assigned /

outstanding Jindal Power Ltd

Fund Based

ICRA A-

4410

Assigned /

outstanding Jindal Power Ltd

Non-FBL

ICRA A-

11000 Assigned /

outstanding Jindal Power Ltd

Unallocated

ICRA A-

2567.2 Assigned /

outstanding Jindal Power Ltd

NCDs (NCD-I)

ICRA A-

5000

Assigned /

outstanding Jindal Power Ltd

NCDs (NCD-II)

ICRA A-

2100

negative

outlook; Kasturi Commodities Pvt Ltd

LT Scale - Fund Based ICRA BB

Assigned

- CC M/S Krishnaganga Spinning

LT FBL

ICRA BB-

211.4 Suspended Mills Pvt Ltd M/S Krishnaganga Spinning

unallocated limits

ICRA BB-

214.1 Suspended Mills Pvt Ltd Mantram Technofab Pvt Ltd

Bk Fac

ICRA B+

290

Suspended Marque Impex

LT FBL

ICRA BB+

79.5

Assigned Parasrampuria Engineers Pvt Ltd

Fund based - TL*

ICRA BB

60

outstanding *Consist of FCNR sublimit upto ~0.102 USD Parasrampuria Engineers Pvt Ltd

Fund based - CCs#

ICRA BB

120

Assigned #Consist of FCNR sublimit upto ~0.185 USD or WCDL sublimit upto ~Rs. 12.00 crore Phoenix Structural &

Bk facility

ICRA C /

128.8 Suspended Engineering Pvt Ltd

ICRA A4 Radiant Exports

TL

ICRA BBB+ 2

Outstanding Radiant Exports

FBL

ICRA BBB+ 345

Assigned /

Outstanding S. Gopal Kamath (Cochin) Pvt

LT - FB Fac

ICRA BB

30

Reaffirmed Ltd Satin Creditcare Network Ltd -

PTC Series A1

ICRA A-(SO) 643.3 Assigned Fides Ifmr Capital 2016 Satin Creditcare Network Ltd -

PTC Series A1

ICRA A-(SO) 478.4 Assigned Tulip Trust Jan 2016 Shanker International Pvt Ltd

Fund based and non FB ICRA B

450

Suspended

Fac Sharda Timber Pvt Ltd

Fund based, non fund ICRA B

350

Suspended

based and proposed Fac Shiva Fibres Pvt Ltd

LT Fund Based

ICRA BB+

441

Upgraded

from ICRA BB Shiva Fibres Pvt Ltd

LT Non Fund Based

ICRA BB+

40

Upgraded

from ICRA BB Sri Kodandarama Boiled & Raw

LT FB limits

ICRA B+

212.8 Reaffirmed Rice Mill Sri Kodandarama Boiled & Raw

LT/ST Unallocated

ICRA B+

87.2

Reaffirmed Rice Mill

limits

/ ICRA A4 Sri Shanmugha Educational

TL

ICRA D

224.3 Suspended Charitable Trust Sri Shanmugha Educational

FB Fac

ICRA D

20

Suspended Charitable Trust Sunshine Edible Oils

LT - CC

ICRA B+

50

Assigned Sunshine Edible Oils

LT - TL

ICRA B+

50

Assigned Vaman Fabrics Pvt Ltd

LT Scale - FBL - CC

ICRA D

45

Suspended Vaman Fabrics Pvt Ltd

LT Scale - FBL - TL

ICRA D

39.7

Suspended Vaman Fabrics Pvt Ltd

Unallocated Limits

ICRA D

2.2

Suspended Veer Plastics Pvt Ltd

CC

ICRA BBB

640

Reaffirmed Veer Plastics Pvt Ltd

TL

ICRA BBB

521.4 Reaffirmed -------------------------------------------------------------------------------------------- $: 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.

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