RPT-ICRA ratings for Indian debt instruments-Feb 18

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RPT-ICRA ratings for Indian debt instruments-Feb 18
Credit: © Reuters.

(Repeating to add more ratings)

Feb 18 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of February 15, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Adhunik Cement Ltd

Non-fund Based

ICRA A2

540

Withdrawn

Working Capital Fac Aspire Home Finance

CP Programme

ICRA A1+

10000 outstanding Corporation Ltd Balaji Industrial And

ST-NonFund Based

ICRA A4

180 Agricultural Castings Pvt Ltd Rating continue to remain in ‘(Issuer Not Cooperating)' category Rated Amount (Rs. crore) Rated Amount (Rs. crore) Bhagwati Woven Pvt. Ltd.

ST non-fund based-

ICRA A4

0

LOC^ (Issuer Not Cooperating)/; ^sub-limit of cash credit Bharat Electronics (NS: BAJE ) Ltd

Non-fund Based

ICRA A1+

35000 Reaffirmed Bharat Electronics Ltd

CP

ICRA A1+

50

Reaffirmed Chiripal Textile Mills Pvt Ltd

Non Fund Based-BG

ICRA A3

60

Reaffirmed Eurotex Industries And Exports

Non -Fund Based –LOC ICRA D

110

Downgraded Ltd

(LC)/ Credit Exposure

from ICRA A4

Limit/ Forex Treasury Limit Meridian Clothing Company Pvt

Non-FBL

ICRA A4

20

Withdrawn Ltd (Issuer Not Cooperating) Ocl India Ltd

Non-fund Based

ICRA A1+

3300

Withdrawn

Working Capital Fac Ocl India Ltd

Unallocated – ST

ICRA A1+

210

Withdrawn Poona Dal And Besan Mills Pvt

ST -non-fund based

ICRA A2+

2168.5 Reaffirmed Ltd Poona Dal And Oil Industries

ST - non-fund based ICRA A2+

2011

Reaffirmed Ltd Satya Microcapital Ltd.

CP Programme

ICRA A3

50

Assigned Supergems Jewellery

ST FB - Working

ICRA A4

120

Reaffirmed Manufacturing Pvt Ltd

Capital Supergems Jewellery

ST – Unallocated

ICRA A4

30

Reaffirmed Manufacturing Pvt Ltd Intercontinental Consultants

ST: FB Limits

ICRA A3+

-

downgraded And Technocrats Pvt. Ltd.

(Sub-limit of LT

from ICRA A2

FundBased Limits) Intercontinental Consultants

ST Non-FBL

ICRA A3+

30

downgraded And Technocrats Pvt. Ltd.

from ICRA A2 Piramal Enterprises (NS: PIRA ) Ltd

CP

ICRA A1+

90000 outstanding Piramal Enterprises Ltd

ST Non-Fund Based

ICRA A1+

2000

outstanding Piramal Enterprises Ltd

ST Fund based

ICRA A1+

21200 outstanding Satya Microcapital Ltd.

CP Programme

ICRA A3

50

Assigned Tata Realty And Infrastructure

CP

ICRA A1+

18000 Reaffirmed Ltd MEDIUM TERM RATINGS: ------------------- Bilcare Ltd

Proposed fixed

MC

1250

deposit (FD) programme (placed on notice of withdrawal for six months) (Issuer Not Cooperating) LONG TERM RATINGS: ------------------- Abir Infrastructure Pvt Ltd

FB Fac

ICRA D

1478.1 - (Issuer Not cooperating) Abir Infrastructure Pvt Ltd

Non-FB Fac

ICRA D

1860.5 - (Issuer Not cooperating) Abir Infrastructure Pvt Ltd

Unallocated Limits

ICRA D

2.5

- (Issuer Not cooperating) Colosperse Dyes & Intermediates

FBL-CC

ICRA BB+

70

Withdrawn Hpm Infra Llp

Unallocated limits

ICRA BB-

-

-

/ICRA A4 Hpm Infra Llp

FB limits

ICRA

200

-

BBB+(SO) Hpm Infra Llp

Non-FBL

ICRA

500

-

BBB+(SO) /

/ICRA A2(SO) Intercontinental Consultants

LT: FB Limits

ICRA BBB

550

downgraded And Technocrats Pvt. Ltd.

from ICRA

BBB+ Intercontinental Consultants

LT: Non-FBL

ICRA BBB

1050

downgraded And Technocrats Pvt. Ltd.

from ICRA

BBB+ M/S Shiv Dal Mill

Bk Fac

ICRA B+

100

- Rating process is underway M/S. Siddhartha Construction

non submission of

-

-

Moved to

monthly ‘No Default

‘(Issuer Not

Statement

cooperating) Mahi Corporation Pvt. Ltd

Fund based-TL

ICRA D

14.5

- Rating continues to remain under ‘(Issuer Not cooperating)' category Mahi Corporation Pvt. Ltd

Fund based-CC

ICRA D

50

- Rating continues to remain under ‘(Issuer Not cooperating)' category Piramal Enterprises Ltd

LT - Fund Based TL

ICRA AA

24950 outstanding Piramal Enterprises Ltd

LT- NCD/Debt

ICRA AA

141000 outstanding Piramal Enterprises Ltd

LT/ST Fund Based

ICRA AA

3000

outstanding

/ICRA A1+ Piramal Enterprises Ltd

LT Principal

PP-MLD ICRA 2000

outstanding

Protected Market

AA

Linked Debentures Piramal Enterprises Ltd

LT Principal

PP-MLD ICRA 1300

provisional

Protected Market

AA

rating

Linked Debentures

finalised Piramal Enterprises Ltd

LT Principal

Provisional 1700

outstanding

Protected Market

PP-MLD ICRA

Linked Debentures

AA Satya Microcapital Ltd.

NCD Programmes

ICRA BBB-

940

outstanding Satya Microcapital Ltd.

Bk Lines

ICRA BBB-

2000

outstanding Sri Jyoti Renewable Energy

non submission of

-

-

Moved to Pvt. Ltd.

monthly ‘No Default

‘(Issuer Not

Statement

cooperating) Adhunik Cement Ltd

TL

ICRA AA

1729.9 Withdrawn

(SO) Adhunik Cement Ltd

FB Working Capital

ICRA BBB

980

Withdrawn

Fac Adhunik Cement Ltd

Unallocated – LT

ICRA BBB

586.9 Withdrawn Agrasia Impex

Fund based- CC

ICRA B

50 Rating continue to remain in ‘(Issuer Not Cooperating)' category Agrasia Impex

Fund based- TL

ICRA B

10 Rating continue to remain in ‘(Issuer Not Cooperating)' category Agrasia Impex

LT- Unallocated

ICRA B

10 Rating continue to remain in ‘(Issuer Not Cooperating)' category Anthony Garments Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Asian Solvochem Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Aspire Home Finance

Market Linked

PP MLDICRA 3000

outstanding Corporation Ltd

Debenture Programme A+ Aspire Home Finance

Bk Lines Programme

ICRA A+

30000 outstanding Corporation Ltd Aspire Home Finance

NCD Programme

ICRA A+

19000 outstanding Corporation Ltd Aspire Home Finance

Subordinated Debt

ICRA A+

1000

outstanding Corporation Ltd

Programme Aspire Home Finance

NCD

ICRA AA(SO) 3000 Corporation Ltd (Provisional rating confirmed as final) Aspire Home Finance

Market Linked

PP MLDICRA 1000

outstanding Corporation Ltd

Debenture Programme A+ Baba Construction Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Balaji Industrial And

LT- CC

ICRA B

26 Agricultural Castings Pvt Ltd Rating continue to remain in ‘(Issuer Not Cooperating)' category Balaji Industrial And

LT/ST-Unallocated

ICRA B

4 Agricultural Castings Pvt Ltd

/ICRA A4 Rating continue to remain in ‘(Issuer Not Cooperating)' category Bhagwati Woven Pvt. Ltd.

FB – CC

ICRA B

50 (Issuer Not Cooperating) Bhagwati Woven Pvt. Ltd.

FB – TL

ICRA B

50.8 (Issuer Not Cooperating) Bharat Electronics Ltd

FB

ICRA AAA

5000

Reaffirmed Bharat Electronics Ltd

TL

ICRA AAA

1000

Reaffirmed Bharat Electronics Ltd

LT - Unallocated

ICRA AAA

2000

Reaffirmed C-Edge Technologies Ltd

LT/ ST, nonFB Fac

ICRA AA- / 200

Reaffirmed

ICRA A1+ Chiripal Textile Mills Pvt Ltd

Fund Based-CC

ICRA BBB-

210

Reaffirmed Chiripal Textile Mills Pvt Ltd

Fund Based-TL

ICRA BBB-

1060

Reaffirmed Chiripal Textile Mills Pvt Ltd

Unallocated-LT/ ST

ICRA

130

Reaffirmed

BBB-/A3 Dalmia Cement East Ltd

TL

ICRA A+

2286.9 Withdrawn Dalmia Cement East Ltd

FB/ Non-fund Based

ICRA A+ /

1650

Withdrawn

Working Capital Fac ICRA A1+ Dhfl Pramerica Asset Managers

Dhfl Pramerica Medium ICRA AA+mfs -

downgraded Pvt Ltd

Term Fund

from ICRA

AAAmfs placed on Watch with Negative Implications and put on notice for withdrawal for 1 month Dhfl Pramerica Asset Managers

Dhfl Pramerica Short ICRA AA+mfs -

outstanding Pvt Ltd

Maturity Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica Bking ICRA AAAmfs -

outstanding Pvt Ltd

And Psu Debt Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica

ICRA AAAmfs -

outstanding Pvt Ltd

Dynamic Bond Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica Insta ICRA AAAmfs -

outstanding Pvt Ltd

Cash Plus Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica

ICRA AAAmfs -

outstanding Pvt Ltd

Premier Bond Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica ST

ICRA AAAmfs -

outstanding Pvt Ltd

Floating Rate Fund Dhfl Pramerica Asset Managers

Dhfl Pramerica Ultra ICRA AAAmfs -

outstanding Pvt Ltd

ST Fund Eastern Gases Ltd

Bk Fac

ICRA D

470 (Issuer Not Cooperating) Erode Textile Mall Pvt Ltd

non submission of

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Eurotex Industries And Exports

Fund Based - TL

ICRA D

18.8

Downgraded Ltd

from ICRA B+ Eurotex Industries And Exports

Fund Based –CC (CC)/ ICRA D

495

Downgraded Ltd

Export Packing

from ICRA B+

Credit (EPC) Eurotex Industries And Exports

Unallocated Limits

ICRA D

216.2 Downgraded Ltd

from ICRA

B+/ICRA A4 Green Mobiles

FB - Working Capital ICRA BBB & 4600

Fac placed on watch with developing implications Green Mobiles

Unallocated

ICRA BBB & 400 placed on watch with developing implications Hindustan Flour Mills

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Hira Power & Steels Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) India Shelter Finance

Bk lines

ICRA A

2500

Upgraded Corporation Ltd

from ICRA A- outlook revised from Positive India Shelter Finance

NCD

ICRA A

1500

Upgraded Corporation Ltd

from ICRA A- outlook revised from Positive Jaipur Rugs Company Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Jalaram Ceramics Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Jharkhand Infrastructure

non submission of

-

-

- Implementation Co. Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) K. Prasad Babu

Fund based- CC

ICRA B

60 Rating continue to remain in ‘(Issuer Not Cooperating)' category K. Prasad Babu

LT-Nonfund based

ICRA B

20 Rating continue to remain in ‘(Issuer Not Cooperating)' category Kalyani Techpark Pvt Ltd

Fund Based - TL

ICRA BBB+

1749.8 Upgraded

from ICRA BBB Kanwarji Construction Co

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Kla India Public Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Krishnae Infrastructure Pvt

non submission of

-

-

- Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Lariya Art Palace Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Lotus Overseas

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Mahadev Weaving Industries Llp

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Mahi Corporation Pvt. Ltd.

Fund based-TL

ICRA D

14.5 Rating continues to remain under ‘(Issuer Not Cooperating)' category Mahi Corporation Pvt. Ltd.

Fund based-CC

ICRA D

50 Rating continues to remain under ‘(Issuer Not Cooperating)' category Mahindra Heavy Engines Ltd

FB – TL

ICRA AA+

2000

Upgraded

from ICRA AA Mahindra Heavy Engines Ltd

FB – Working Capital ICRA AA+

450

Upgraded

Fac

from ICRA AA Mahindra Heavy Engines Ltd

FB / Non-fund Based – ICRA AA+

120

Upgraded

Working Capital Fac

from ICRA AA Mahindra Heavy Engines Ltd

LT / ST, FB / Non-FB ICRA AA+

500

Upgraded

Fac

/ICRA A1+

from ICRA

AA/Reaffirmed Mahindra Heavy Engines Ltd

LT / ST, Unallocated ICRA AA+

430

Upgraded

/ICRA A1+

from ICRA

AA/Reaffirmed Meridian Clothing Company Pvt

FBL

ICRA BB- / 58.5

Withdrawn Ltd

ICRA A4 - (Issuer Not Cooperating) Meridian Clothing Company Pvt

Unallocated limits

ICRA BB-

21.5

Withdrawn Ltd

/ICRA A4 (Issuer Not Cooperating) Mohan Enterprises

Fund Based - TL

ICRA BBB+

5645.1 Reaffirmed Nucon Aerospace Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Ocean Constructions (India)

non submission of

-

-

- Pvt Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Ocl India Ltd

TL

ICRA AA

4066.5 Withdrawn Ocl India Ltd

FB Working Capital FacICRA AA

3791

Withdrawn Ocl India Ltd

Unallocated – LT

ICRA AA

730.4 Withdrawn Ocl India Ltd

NCD

ICRA AA

6000

Withdrawn Omics International Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Poona Dal And Besan Mills Pvt

LT - FB/CC

ICRA A-

175

Reaffirmed Ltd Poona Dal And Oil Industries

LT - FB/CC

ICRA A-

190

Reaffirmed Ltd Poppys Knitwear Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Prenit World Llp

Long/ST Unallocated ICRA BB- /A4 250

Withdrawn Rasya Steels (Opc) Pvt Ltd

LT- Unallocated

ICRA B

150

Assigned Rich Offset (I) Pvt Ltd

LT FB limits

ICRA BB+

80.8 (Issuer Not Cooperating) Rich Offset (I) Pvt Ltd

Unallocated limits

ICRA BB+

49.9 (Issuer Not Cooperating) Ritco Logistics Ltd

LT: Fund Based/CC

ICRA BBB

587.5 outstanding Ritco Logistics Ltd

LT: Non-fund Based

ICRA BBB

100

outstanding Rlj Woven Sacks Pvt Ltd

Bk Fac

ICRA BB

170

/ICRA A4 Reason for delay in carrying out periodic review: - Rating process is underway S.K.R. Constructions

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Satya Microcapital Ltd.

NCD Programmes

ICRA BBB-

940

outstanding Satya Microcapital Ltd.

Bk Lines

ICRA BBB-

2000

outstanding Shree Siddheshwari Ginning

non submission of

-

-

- Company

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Shree Siddheshwari Oil

non submission of

-

-

- Industries

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Shri Prabhulingeshwar Sugars

non submission of

-

-

- And Chemicals Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Sri Dakshina Murthy Agro

CC

ICRA B

120

Withdrawn Industries Pvt Ltd Sri Dakshina Murthy Agro

TL

ICRA B

300

Withdrawn Industries Pvt Ltd Sri Jayarama Automotives Pvt

non submission of

-

-

- Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Sri Jyoti Renewable Energy

non submission of

-

-

- Pvt. Ltd.

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Sri Mvr Cotton Oil Mills Pvt

non submission of

-

-

- Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Sri Sai Baba Agro Tech

LT- CC

ICRA B+

100

Reaffirmed Sri Sai Baba Agro Tech

LT- TL

ICRA B+

13

Reaffirmed Sri Sai Baba Agro Tech

LT- Unallocated

ICRA B+

7

Reaffirmed Sri Sai Baba Enterprises

LT- CC

ICRA B+

120

Reaffirmed Sri Sai Baba Enterprises

LT- TL

ICRA B+

17.4

Reaffirmed Sri Sai Baba Enterprises

LT- Unallocated

ICRA B+

42.6

Reaffirmed Ss Indus Solar Energy Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Tata Realty And Infrastructure

NCD

ICRA AA

30000 Reaffirmed Ltd Tirumala Seven Hills Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Tirupathi Yarntex Spinners Pvt

non submission of

-

-

- Ltd

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Tm International Logistics Ltd

Issuer Rating

ICRA AA

-

Reaffirmed Vadsola Ceramic

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Vardhini Industries

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) Veerabhadra Exports Pvt Ltd

non submission of

-

-

-

monthly ‘No Default

Statement' (“NDS”) (Issuer Not Cooperating) -------------------------------------------------------------------------------------------- $: 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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