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ICRA ratings for Indian debt instruments-Nov 11

Stock MarketsNov 11, 2016 18:20
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ICRA ratings for Indian debt instruments-Nov 11

Nov 11 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of November 10, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Benson Medical Equipments Pvt

BG/LC

ICRA A4

80

Reaffirmed Ltd Benson Medical Equipments Pvt

Forward Contract

ICRA A4

1

Reaffirmed Ltd Dhanuka Laboratories Ltd

Non FB Fac

ICRA A2

415

Reaffirmed Gumpro Drilling Fluids Pvt Ltd

ST: FB limits

ICRA A3+

100

Reaffirmed Gumpro Drilling Fluids Pvt Ltd

ST: Non-FB limits

ICRA A3+

50

Reaffirmed Jay Shree Tea & Industries Ltd

Non-FBL

ICRA A2+

650

Reaffirmed Reliable Autotech Pvt Ltd

ST, fund based

ICRA A3

*

Reaffirmed

working capital Fac

* Interchangeable with the fund based working capital facilities of Rs. 35.00 crore, rated on the long-term scale Reliable Autotech Pvt Ltd

ST, non-fund based

ICRA A3

209.8 Reaffirmed

working capital Fac Shapoorji Pallonji And Company

CP

ICRA A1+

25000 Reaffirmed Pvt Ltd Vakrangee Ltd

ST, non-fund based Bk ICRA A4+

1109

Reaffirmed

Fac LONG TERM RATINGS: ------------------- Aggarwal Foods

FB limits

ICRA B+

167.7 Reaffirmed Aggarwal Foods

Unallocated (Proposed ICRA B+

0.3

Reaffirmed

Limits) Al-Ayaan Foods Pvt Ltd

FB Fac

ICRA B

100

Assigned Al-Ayaan Foods Pvt Ltd

Unallocated

ICRA B

200

Assigned Benson Medical Equipments Pvt

CC

ICRA BB-

15

Revised from Ltd

ICRA BB Benson Medical Equipments Pvt

Unallocated

ICRA BB-

4

Reaffirmed Ltd

/A4 Deedy Chemicals Pvt Ltd

CC Limit

ICRA BB

35

Reaffirmed Deedy Chemicals Pvt Ltd

TL

ICRA BB

88.4

Reaffirmed Deedy Chemicals Pvt Ltd

Unallocated limit

ICRA BB

1.6

Assigned Dhanuka Laboratories Ltd

FB Fac

ICRA BBB+ 390

Reaffirmed

/ ICRA A2 Future Financial Servicess Pvt

NCD

ICRA BBB

55

Withdrawn Ltd G.D. Metsteel Pvt Ltd

LT Fund Based - CC

ICRA B

150

Upgraded

from ICRA B- G.D. Metsteel Pvt Ltd

LT Fund Based - TL

ICRA B

50

Upgraded

from ICRA B- G.D. Metsteel Pvt Ltd

LT Unallocated

ICRA B

30

Upgraded

from ICRA B- Gumpro Drilling Fluids Pvt Ltd

LT: FB limits

ICRA BBB

45

Reaffirmed Gumpro Drilling Fluids Pvt Ltd

LT: TL

ICRA BBB

86.3

Reaffirmed Hero Motors Ltd

Bk Fac

ICRA A

1070

Rating Watch

with

Developing Implications Jay Shree Tea & Industries Ltd

FB Limits*

ICRA A- / 2500

Reaffirmed

ICRA A2+ *JSTIL's fund based facilities are entirely fungible between long-term and short-term facilities. Koppal Green Power Ltd

CC

ICRA BB-

140

Upgraded

from ICRA B+ Koppal Green Power Ltd

TL

ICRA BB-

25.4

Upgraded

from ICRA B+ Koppal Green Power Ltd

BG

ICRA BB-

20

Upgraded

from ICRA B+ Koppal Green Power Ltd

Unallocated Limits

ICRA BB-

4.6

Upgraded

from ICRA B+ Om Cotex

FB - CC

ICRA B+

180

Reaffirmed Om Cotex

FB - TL

ICRA B+

30

Reaffirmed Reliable Autotech Pvt Ltd

TL and corporate

ICRA BBB- 739.7 Reaffirmed

loans (existing) Reliable Autotech Pvt Ltd

TL (fresh)

ICRA BBB- 150

Assigned Reliable Autotech Pvt Ltd

LT, fund based

ICRA BBB- 350

Reaffirmed

working capital Fac Shapoorji Pallonji And Company

FB Limits

ICRA AA+ / 35000 Reaffirmed Pvt Ltd

ICRA A1+ Shapoorji Pallonji And Company

Non-FBL

ICRA AA+ / 100000 Reaffirmed Pvt Ltd

ICRA A1+ Synmedic Laboratories

TL

ICRA BBB- 280

Assigned Synmedic Laboratories

FB Fac

ICRA BBB- 80

Assigned Vakrangee Ltd

LT, fund based Bk Fac ICRA BB+

4000

Reaffirmed Vakrangee Ltd

LT, TL

ICRA BB+

156

Reaffirmed Zillion Infraprojects Pvt Ltd

FB Limits

ICRA BBB

750

Reaffirmed Zillion Infraprojects Pvt Ltd

Non-FB

ICRA BBB

2750

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.

ICRA ratings for Indian debt instruments-Nov 11
 

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