RPT-ICRA ratings for Indian debt instruments-Jul 1

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RPT-ICRA ratings for Indian debt instruments-Jul 1
Credit: © Reuters.

(Repeating to add more ratings)

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 28, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- B L Goel & Company

ST NonFund based/BG ICRA A4

100

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Bosch (NS: BOSH ) Rexroth (India) Pvt Ltd

ST FB Limits

ICRA A1+

^

Reaffirmed ^Sub-limit of long-term fund-based limits Botil Oil Tools India Pvt Ltd

Packing Credit-ST

ICRA A3

250

- (Reason for delay in carrying out periodic review: - Review process is underway) Botil Oil Tools India Pvt Ltd

Non-fund based- ST

ICRA A3

320

- (Reason for delay in carrying out periodic review: - Review process is underway) Farmers Agriculture Credit

ST Bk Loan

ICRA A4

97.5

Reaffirmed Co-Operative Society Ltd Gujarat Craft Industries Ltd

Foreign Bill

ICRA A4+

-

-

Discounting# (Rating continues to remain under ‘Issuer Not Cooperating' category)/# sub limit of cash credit Gujarat Craft Industries Ltd

LOC

ICRA A4+

110

- (Rating continues to remain under ‘Issuer Not Cooperating' category) Gujarat Craft Industries Ltd

BG

ICRA A4+

15

- (Rating continues to remain under ‘Issuer Not Cooperating' category) Gujarat Craft Industries Ltd

Buyer's Credit^

ICRA A4+

-

- (Rating continues to remain under ‘Issuer Not Cooperating' category)/^ sub limit of letter of credit Gujarat Craft Industries Ltd

Credit Exposure Limit^ICRA A4+

-

- (Rating continues to remain under ‘Issuer Not Cooperating' category)/^ sub limit of letter of credit Hindusthan Engineering &

Non-FB Fac – LOC

ICRA A2+

^

Withdrawn Industries Ltd ^Sublimit of BG facilities Ifci Ltd

CP Programme

ICRA A3+

5000

Downgraded

from ICRA A2+ Invesco Asset Management

Invesco India Money ICRA A1+mfs -

Reaffirmed (India) Pvt Ltd

Market Fund Invesco Asset Management

Invesco India Liquid ICRA A1+mfs -

Reaffirmed (India) Pvt Ltd

Fund Jain Farm Fresh Foods Ltd

Non-fund Based -

ICRA A3+

2550

Downgraded

Working Capital Fac

from ICRA A2 Jain Farm Fresh Foods Ltd

ST Unallocated Limits ICRA A3+

400

Downgraded

from ICRA A2 Jindal Steel & Power Ltd (NS: JNSP )

ST non-FB Bk Fac

ICRA A3

39000 - (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Jindal Steel & Power Ltd

ST FB Bk Fac

ICRA A3

19111.1 - (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Keltron Component Complex Ltd

ST non fund based

ICRA A4

127.5 - (Reason for delay in carrying out periodic review: - Review under process) Lubi Industries Llp

EPC/PCFC/FBP/FBD/EBR^ ICRA A1+

-

Reaffirmed ^Sub-limits to Cash Credit Lubi Industries Llp

BG^

ICRA A1+

-

Reaffirmed ^Sub-limits to Cash Credit Lubi Industries Llp

LOC/Buyers Credit^

ICRA A1+

-

Reaffirmed ^Sub-limits to Cash Credit Lubi Industries Llp

LER^

ICRA A1+

-

Reaffirmed ^Sub-limits to Cash Credit Luxmi Tea Company Pvt Ltd

FB – ST Loan

ICRA A2+

55

Reaffirmed *sub-limits of cash credit facility Mahadev Industries

Fund Based -

ICRA A4

50

-

Inventory Funding (Rating continues to remain in ‘Issuer Not Cooperating' category) Mahathi Software Pvt Ltd

ST – FB

ICRA A4

70

- (Rating moved to the ‘Issuer Not Cooperating' category) Master Capital Services Ltd

Bk Lines- Non-Fund

ICRA A2

1000

-

based (Reason for delay in carrying out periodic review: - Review process is underway) Milltec Machinery Ltd

Non-FB Fac

ICRA A1+

450

Reaffirmed Milltec Machinery Ltd

Non-FB –

ICRA A1+

-

Reaffirmed

Interchangeable

(sub-limit of CC) Neel Metal Products Ltd

CP/ ST Debt

ICRA A1&

1000

- (Reason for delay in carrying out periodic review: - Review process is underway)/ &: placed on rating Watch with Developing Implications/ Nuevosol Energy Pvt Ltd

ST - Fund Based

ICRA A4

50

Revised from

ICRA A4+ (Continues to remain under ‘Issuer Not Cooperating' category) Ongc Petro Additions Ltd

CP

ICRA A1+

5000

Outstanding Ongc Petro Additions Ltd

Non-FBL

ICRA A1+

22030 Outstanding Planetcast Media Services Ltd

Non-fund

ICRA A1

300

Reaffirmed

based-Working Capital

Fac – ST Scale Planetcast Media Services Ltd

Non-fund

ICRA A1

300

Reaffirmed

based-Working Capital

Fac – ST Scale Pon Pure Logistics Pvt Ltd

ST FB (Sublimit)

ICRA A4+

-

Reaffirmed Prabhudas Lilladher Financial

ST fund based Bk Fac ICRA A2+

500

- Services Pvt Ltd (Reason for delay in carrying out periodic review: - Review process is underway) Reliance Financial Ltd

CP programme

ICRA A4@

1000

withdrawn @On rating Watch with Negative Implications Sharekhan Ltd

CP Programme

ICRA A1+

5000

- (Reason for delay in carrying out periodic review: Review process is underway.) Sri Sankari Yarns Pvt Ltd

ST non-fund based

ICRA A2+

150

Assigned

working capital Fac Svarn Telecom Ltd

ST: Non Fundbased

ICRA A4

35

- (Rating moved to ‘Issuer Not Cooperating' category) Svarn Tex Prints Pvt Ltd

ST: Non Fundbased

ICRA A4

70

- (Rating moved to ‘Issuer Not Cooperating' category) Tata Coffee Ltd (NS: TACO )

CP

ICRA A1+

300

- (Reason for delay in carrying out periodic review: - Review process is underway) Union Bank Of India

Certificates of

ICRA A1+

150000 Reaffirmed

Deposit A N Associates

ST, proposed limits ICRA A4

300

- moved to Issuer not Cooperating category Antony Motors Pvt Ltd

ST: Non fund based

ICRA A4

100

Withdrawn Aov Exports Pvt Ltd

ST: FB ST: Non-Fund ICRA A3+

885

Reaffirmed

based Durga Construction Company

ST non fund based BG ICRA A4+

300

-

Previously Rated

Amount Current Rated Amount Rating continues to remain under ‘Issuer Not Cooperating' category Rating Action Exotic Granite Llp

ST non fund based LOC ICRA A4

70

- Rating continues to remain under ‘Issuer Not Cooperating' category Amount (Rs. crore) Hill Stone Ceramic Pvt Ltd

Non-Fund Based BG

ICRA A4

11

- Rating continues to remain under ‘Issuer Not Cooperating' category Indian Compressors Ltd

Non-fund based -

ICRA A4+

80

-

Working Capital Fac Rating continues to remain under ‘Issuer Not Cooperating' category Marigold Paints Pvt. Ltd.

ST non fund based LOC ICRA A4

10

- Rating continues to remain under ‘Issuer Not Cooperating' category Marigold Paints Pvt. Ltd.

ST interchangeable BG ICRA A4

-

- Rating continues to remain under ‘Issuer Not Cooperating' category Rated Amount (Rs. crore) N.S. Associates Pvt Ltd

ST – Non Fund Based ICRA A4+

204.2 - Rating continues to remain in the ‘Issuer Not Cooperating' category Precision Machines And

LT – TL

ICRA A4

60

- Equipments Pvt. Ltd. Rating continues to remain in the ‘Issuer Not Cooperating' category Samet Plast

ST non fund based LOC ICRA A4

20

- Rating continues to remain under ‘Issuer Not Cooperating' category Rated Amount (Rs. crore) Shah Tiles Pvt Ltd

Non-fund Based – LOC ICRA A4

5

- Rating continues to remain under ‘Issuer Not Cooperating' category Shah Tiles Pvt Ltd

Non-fund Based – BG ICRA A4

11

- Rating continues to remain under ‘Issuer Not Cooperating' category Shah Tiles Pvt Ltd

Non-fund Based –

ICRA A4

3.1

-

Credit Exposure Limit Rating continues to remain under ‘Issuer Not Cooperating' category Shree Tnb Polymers Ltd

ST - Non-Fund Based ICRA A4

14

Withdrawn Sigma Chemicals

Non-fund based - BG ICRA A4+

100

- Rating continues to remain under ‘Issuer Not Cooperating' category Amount (Rs. crore) Stallion Laboratories Pvt Ltd

ST fund based

ICRA A4+

75

- Rating continues to remain under ‘Issuer Not Cooperating' category Stallion Laboratories Pvt Ltd

ST non fund based

ICRA A4+

15

-

Analytical Approach

Applicable Rating Methoptionally convertible debentureologies Parent/Group Supp Rating continues to remain under ‘Issuer Not Cooperating' category Rated Amount (Rs. crore) Sushila Parmar International

Non-FB Fac Fund

ICRA A2+

2385

Reaffirmed Pvt Ltd

Manager Quality

AMC Quality

Rating (FMQR)

2(AMC2) placed on notice of withdrawal for one month Tata Advanced Materials Ltd

ST - Non-fund Based ICRA A1&

940

Reaffirmed placed under watch with developing implications Tata Advanced Materials Ltd

CP (CP)

ICRA A1+

-

Withdrawn ^

(SO) Therdose Pharma Pvt Ltd

Non-Fund based

ICRA A4

30

- Rating continues to remain in the ‘Issuer Not Cooperating' category Urvesh Psyllium Industries Ltd.

Non FB – Forward CoverICRA A4

4.4

- Rating continues to remain under ‘Issuer Not Cooperating' category Vns Finance Amp; Capital

ST non-fund based Bk ICRA A4

150

Reaffirmed Services Ltd

Fac

LONG TERM RATINGS: ------------------- Ajnara Infrastructure Pvt Ltd

FB Limits

ICRA BB

91

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Ansaldo Caldaie Boilers India

LT – FB CC

ICRA C

100

- Pvt Ltd (Reason for delay in carrying out periodic review: Issuer has not shared information since the bank loans are closed) Ansaldo Caldaie Boilers India

LT – FB TL

ICRA C

150

- Pvt Ltd (Reason for delay in carrying out periodic review: Issuer has not shared information since the bank loans are closed) Aqua Developers

BLR

ICRA B+

250

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Arqube Industries (India) Ltd

FB Limits

ICRA BB

200

- (Rating continues to remain under ‘Issuer Not Cooperating' category) Arqube Industries (India) Ltd

Non-FBL

ICRA BB

15

- (Rating continues to remain under ‘Issuer Not Cooperating' category) Arqube Industries (India) Ltd

Unallocated

ICRA BB

105

- (Rating continues to remain under ‘Issuer Not Cooperating' category) B L Goel & Company

LT Fund based/TL

ICRA BB-

70

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Bhansali Diamonds

LT/ST FB

ICRA BB-/

165

Reaffirmed

ICRA A Bipin Kumar Agrawal

Fund based – TL

ICRA BB-

15

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bipin Kumar Agrawal

Fund based – CC

ICRA BB-

40

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bipin Kumar Agrawal

Non-fund based – BG ICRA BB- / 45

-

A4 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bosch Rexroth (India) Pvt Ltd

LT FB Limits -

ICRA AA

300

Reaffirmed

Overdraft limits Bosch Rexroth (India) Pvt Ltd

LT Non FB Limits - BG ICRA AA

400

Reaffirmed Botil Oil Tools India Pvt Ltd

TL- LT

ICRA BBB-

80

- (Reason for delay in carrying out periodic review: - Review process is underway) Bydesign India Pvt Ltd

LT – Non-fund based ICRA BB+

200

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Bydesign India Pvt Ltd

LT – Fund based/CC

ICRA BB+

7.5

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Chokshi Texlen Pvt Ltd

Fund based TL

ICRA B+

11.7

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Chokshi Texlen Pvt Ltd

Fund based CC

ICRA B+

70

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Cholamandalam (NS: CHLA ) Ms General

Subordinated debentureICRA AA

1000

- Insurance Co. Ltd (Reason for delay in carrying out periodic review: - Review process is underway) Credo Life Sciences Pvt Ltd

Fund Based/CC

ICRA BB-

60

Reaffirmed Credo Life Sciences Pvt Ltd

Fund Based /TL

ICRA BB-

127.6 Reaffirmed Credo Life Sciences Pvt Ltd

Unallocated

ICRA BB-

32.4

Reaffirmed Delite Cables Pvt. Ltd

Fund based - CC

ICRA D

40

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Delite Cables Pvt. Ltd

Non fund based - BG ICRA D

45

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Delite Cables Pvt. Ltd

Unallocated Limits

ICRA D/D

35

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Fjm Cylinders Pvt Ltd

LT: TL

ICRA BB+

243

- (Reason for delay in carrying out periodic review: - Review process is underway) Fjm Cylinders Pvt Ltd

LT: CC Fac

ICRA BB+

40

- (Reason for delay in carrying out periodic review: - Review process is underway) Fjm Cylinders Pvt Ltd

LT and ST: Non-FBL

ICRA BB+/A4+ 140

- (Reason for delay in carrying out periodic review: - Review process is underway) Fjm Cylinders Pvt Ltd

LT and ST: UnallocatedICRA BB+/A4+ 364.5 - (Reason for delay in carrying out periodic review: - Review process is underway) Goyal Automobiles

Fund based – CC

ICRA B+

50

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Gujarat Craft Industries Ltd

TL

ICRA BB

101.3 - (Rating continues to remain under ‘Issuer Not Cooperating' category) Gujarat Craft Industries Ltd

CC

ICRA BB

159.5 - (Rating continues to remain under ‘Issuer Not Cooperating' category) H N Construction Pvt Ltd

Fund based – CC

ICRA BB+

30

- (Rating continues to remain in ‘Issuer Not Cooperating' category) H N Construction Pvt Ltd

Unallocated Limit

ICRA BB+

70

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Habitat Micro Build India

Bk Fac

ICRA BBB-

200

- Housing Finance Company Pvt Ltd (Reason for delay in carrying out periodic review: - Review process is underway) Hariharan Spinners (I) Pvt Ltd

LT – FB CC

ICRA B

75.6

- (Reason for delay in carrying out periodic review: Issuer not Cooperating) Hariharan Spinners (I) Pvt Ltd

LT – TL

ICRA B

84.4

- (Reason for delay in carrying out periodic review: Issuer not Cooperating) Hariharan Spinners (I) Pvt Ltd

LT – Unallocated

ICRA B

10

-

Limits (Reason for delay in carrying out periodic review: Issuer not Cooperating) Hindusthan Engineering &

FB Fac

ICRA BBB+

300

Withdrawn Industries Ltd Hindusthan Engineering &

Non-FB Fac – BG

ICRA BBB+

5000

Withdrawn Industries Ltd Ifci Ltd

FB Bk Limits

ICRA BBB

100000 Downgraded

from ICRA

BBB+ Ifci Ltd

LT Bonds (including ICRA BBB

34431.2^Downgraded

subordinated debt)

from ICRA

BBB+ ^ Amount outstanding as on March 31, 2019 Ifci Ltd

Bonds/NCD (NCD)

ICRA BBB

20000 Downgraded

Programme

from ICRA

BBB+ Invesco Asset Management

Invesco India Bking & ICRA AAAmfs -

Reaffirmed (India) Pvt Ltd

PSU Debt Fund Invesco Asset Management

Invesco India

ICRA AAAmfs -

Reaffirmed (India) Pvt Ltd

Treasury Advantage

Fund Invesco Asset Management

Invesco India ST Fund ICRA AAAmfs -

Reaffirmed (India) Pvt Ltd Invesco Asset Management

Invesco India

ICRA AAAmfs -

Reaffirmed (India) Pvt Ltd

Corporate Bond Fund Jai Bhole Steel Tubes Pvt Ltd

CC Fac

ICRA BB-

120

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Jain Farm Fresh Foods Ltd

TL

ICRA BBB

1500

Downgraded

from ICRA

BBB+ Jain Farm Fresh Foods Ltd

FB - Working Capital ICRA BBB

2850

Downgraded

Fac

from ICRA

BBB+ Jain Farm Fresh Foods Ltd

LT Unallocated Limits ICRA BBB

500

Downgraded

from ICRA

BBB+ Javin Construction Pvt Ltd

LT Fund based/TL

ICRA B+

300

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Jindal Steel & Power Ltd

LT FB Bk Fac

ICRA BBB-

172277.1- (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Jindal Steel & Power Ltd

LT non-FB Bk Fac

ICRA BBB-

9000

- (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Jindal Steel & Power Ltd

LT unallocated

ICRA BBB-

13491.8 - (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Jindal Steel & Power Ltd

NCDs (NCD)

ICRA BBB-

15496 - (Reason for delay in carrying out periodic review: Annual surveillance process is underway) Jonna Iron Mart

LT – CC Limits

ICRA B+

170

Assigned Kamlesh Metacast Pvt Ltd

LT NonFund based

ICRA B

186

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Keltron Component Complex Ltd

LT fund based / CC

ICRA B-

112.5 - (Reason for delay in carrying out periodic review: - Review under process) Khed Economic Infrastructure

LT - Fund Based – TL ICRA B

4300

Upgraded Pvt Ltd

from ICRA D Kishan Cotton Ginning &

CC

ICRA B

120

- Pressing Factory (Rating moved to ‘Issuer Not Cooperating' category) Kishan Cotton Ginning &

TL

ICRA B

5.2

- Pressing Factory (Rating moved to ‘Issuer Not Cooperating' category) Kishan Cotton Ginning &

Unallocated Limits

ICRA B/A4

5.8

- Pressing Factory (Rating moved to ‘Issuer Not Cooperating' category) Kishan Cotton Ginning &

Export Packing Credit^ICRA B/A4

-

- Pressing Factory (Rating moved to ‘Issuer Not Cooperating' category)/^Sub limit of cash credit Krishna Tuff Pvt Ltd

Fund based - CC

ICRA B

15

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Krishna Tuff Pvt Ltd

Fund Based - TL

ICRA B

43.2

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Krishna Tuff Pvt Ltd

Unallocated Limits

ICRA B

11.8

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Ksr Properties Pvt Ltd

LT – Unallocated

ICRA B

300

-

Limits (Rating moved to the ‘Issuer Not Cooperating' category) Kwality Township Pvt. Ltd

LT Fund based/TL

ICRA D

50

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Legend Ceramic Pvt Ltd

BLR

ICRA B+/A4 137.5 - (Reason for delay in carrying out periodic review: - Issuer not cooperating) Lubi Industries Llp

CC/Overdraft

ICRA A+

1150

Reaffirmed Lubi Industries Llp

Working Capital

ICRA A+

-

Reaffirmed

Demand Loan^ ^Sub-limits to Cash Credit Luxmi Tea Company Pvt Ltd

FB-TL

ICRA A-

980

Reaffirmed Luxmi Tea Company Pvt Ltd

FB – CC

ICRA A-

395

Reaffirmed Mahadev Industries

Fund Based - CC

ICRA B

220

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Mahathi Software Pvt Ltd

TL

ICRA B-

315

- (Rating moved to the ‘Issuer Not Cooperating' category) Mahathi Software Pvt Ltd

Unallocated

ICRA B-

49.7

- (Rating moved to the ‘Issuer Not Cooperating' category) Manyata Promoters Pvt Ltd

FB TL

ICRA A

-

Withdrawn Manyata Promoters Pvt Ltd

FB TL

ICRA A

-

Withdrawn Manyata Promoters Pvt Ltd

FB TL

ICRA A

-

Withdrawn Manyata Promoters Pvt Ltd

Issuer Rating

ICRA AA

-

Upgraded

from ICRA A Maza Developers Pvt Ltd

BLR

ICRA BB+

100

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Milltec Machinery Ltd

FB: CC

ICRA A+

200

Reaffirmed Muthoot Health Care Pvt Ltd

Muthoot Health Care ICRA BBB-

132.2 -

Private Limited (Reason for delay in carrying out periodic review: - Review process is underway) Muthoot Health Care Pvt Ltd

Muthoot Health Care ICRA BBB-

25

-

Private Limited (Reason for delay in carrying out periodic review: - Review process is underway) Muthoot M. George Institute Of

LT – Fund Based/TL

ICRA BBB-

650

- Technology (Reason for delay in carrying out periodic review: - Review process is underway) N S Vaishno Devi Developers

Fund based - CC

ICRA BB

125

- India Pvt Ltd (Rating moved to ‘Issuer Not Cooperating' category) N S Vaishno Devi Developers

Fund based - TL

ICRA BB

75

- India Pvt Ltd (Rating moved to ‘Issuer Not Cooperating' category) N S Vaishno Devi Developers

Unallocated

ICRA BB

330

- India Pvt Ltd (Rating moved to ‘Issuer Not Cooperating' category) Neel Metal Products Ltd

TL

ICRA A&

1716.6 - (Reason for delay in carrying out periodic review: - Review process is underway)/&: placed on rating Watch with Developing Implications Neel Metal Products Ltd

FB Fac

ICRA A&/A1& 3810

- (Reason for delay in carrying out periodic review: - Review process is underway)/&: placed on rating Watch with Developing Implications Neel Metal Products Ltd

Non-FB Fac

ICRA A&/A1& 3225

- (Reason for delay in carrying out periodic review: - Review process is underway)/&: placed on rating Watch with Developing Implications Neel Metal Products Ltd

Unallocated

ICRA A&/A1& 111.8 - (Reason for delay in carrying out periodic review: - Review process is underway)/&: placed on rating Watch with Developing Implications Neel Metal Products Ltd

Interchangeable Fac ICRA A&/A1& 2800** - (Reason for delay in carrying out periodic review: - Review process is underway)/&: placed on rating Watch with Developing Implications/** Rs. 125.0 crore as sub-limit of “Non-fund Based Facilities” and Rs. 155.0 crore as sub-limit of “Fund Based Facilities” Nuevosol Energy Pvt Ltd

LT - Fund Based/ CC ICRA B-

60

Revised from

ICRA BB+ (Continues to remain under ‘Issuer Not Cooperating' category) Nuevosol Energy Pvt Ltd

LT / ST - Non Fund

ICRA B-/A4 230

Revised from

Based

ICRA BB+/A4+ (Continues to remain under ‘Issuer Not Cooperating' category) Nuevosol Energy Pvt Ltd

LT / ST - Unallocated ICRA B-/A4 240

Revised from

ICRA BB+/A4+ (Continues to remain under ‘Issuer Not Cooperating' category) Ongc Petro Additions Ltd

TL

ICRA AA

-

Outstanding Ongc Petro Additions Ltd

FBL

ICRA AA /

15580 Outstanding

ICRA A1+ Ongc Petro Additions Ltd

NCD

ICRA AAA

8200

Outstanding Ongc Petro Additions Ltd

Compulsorily

ICRA AAA

72860 Outstanding

Convertible Debentures Ongc Petro Additions Ltd

TL

ICRA AAA

65000 Outstanding Ongc Petro Additions Ltd

NCD

Provisional 21800 Reaffirmed

ICRA AAA(S) Pepsu Road Transport

LT Fund based/CC

ICRA B+

250

- Corporation (Rating moved to the ‘Issuer Not Cooperating' category) Pepsu Road Transport

LT/ Unallocated

ICRA B+

150

- Corporation (Rating moved to the ‘Issuer Not Cooperating' category) Planetcast Media Services Ltd

TL

ICRA A+

400

Reaffirmed Planetcast Media Services Ltd

Fund based- Working ICRA A+

100

Reaffirmed

Capital Fac Planetcast Media Services Ltd

TL

ICRA A+

400

Reaffirmed Planetcast Media Services Ltd

Fund based- Working ICRA A+

100

Reaffirmed

Capital Fac Pon Pure Logistics Pvt Ltd

LT FB Fac

ICRA BB+

80

Reaffirmed Pon Pure Logistics Pvt Ltd

LT/ST Non-fund Based ICRA BB+/A4+ -

Reaffirmed

(Sublimit) Printotech Global Ltd

FB - Working Capital ICRA BBB-

75

Reaffirmed

Fac Printotech Global Ltd

FB - TL

ICRA BBB-

55.5

Reaffirmed Printotech Global Ltd

Unallocated

ICRA BBB-

124.5 Reaffirmed Riyan Paper Mill

FB - CC

ICRA BB-

35

Upgraded

from ICRA B+ Riyan Paper Mill

FB - TL

ICRA BB-

59

Upgraded

from ICRA B+ Sbc Minerals Pvt Ltd

LT – Fund Based/CC

ICRA BB-

200

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Sbi Life Insurance Co. Ltd

CPA rating

iAAA

-

- (Reason for delay in carrying out periodic review: - Review process is underway) Shyam Ferro Alloys Ltd

Bk Fac

ICRA A-/A1 5750

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Skh Y-Tec India Pvt Ltd

TL

ICRA BBB-

950

- (Reason for delay in carrying out periodic review: Review process is underway; to be concluded soon) Skh Y-Tec India Pvt Ltd

LT - Unallocated

ICRA BBB-

50

- (Reason for delay in carrying out periodic review: Review process is underway; to be concluded soon) Skyline Foundations And

FBL

ICRA BBB

150

- Structures Pvt Ltd (Reason for delay in carrying out periodic review: Review process is underway) Snj Distillers Pvt Ltd

LT – FB CC

ICRA BBB

600

- (Reason for delay in carrying out periodic review: Review process is underway) Soham Renewable Energy India

TL

ICRA B-

387

- Pvt Ltd (Reason for delay in carrying out periodic review: - Information yet to be received from the issuer) Sri Jyoti Renewable Energy

Fund Based CC Limits ICRA BB-

100

- Pvt. Ltd (Rating continues to remain under ‘Issuer Not Cooperating' category) Sri Jyoti Renewable Energy

Unallocated Limits

ICRA BB-

371.7 - Pvt. Ltd (Rating continues to remain under ‘Issuer Not Cooperating' category) Sri Padma Priya Finance

LT Bk Fac

ICRA B+

180

Reaffirmed Corporation Sri Sankari Yarns Pvt Ltd

FB -TL

ICRA BBB+

300

Upgraded

from BBB Sri Sankari Yarns Pvt Ltd

LT FB working capital ICRA BBB+

200

Upgraded

Fac (sub-limits)

from BBB Sri Venkateswara Rice Mill

BLR

ICRA B+

90

- (Reason for delay in carrying out periodic review: - Issuer not cooperating) Sri Vishnu Priya Finance

LT Bk Fac

ICRA B+

180

Reaffirmed Sukritha Buildmann Pvt Ltd

Fund based- TL

ICRA D

300

- (Reason for delay in carrying out periodic review: Issuer not cooperating) Sundaram Alloys Ltd

Bk Fac

ICRA

1300

-

BBB+/A2+ (Reason for delay in carrying out periodic review: - Issuer not cooperating) Svarn Telecom Ltd

LT: CC

ICRA BB-

50

- (Rating moved to ‘Issuer Not Cooperating' category) Svarn Telecom Ltd

LT: TL

ICRA BB-

9.4

- (Rating moved to ‘Issuer Not Cooperating' category) Svarn Telecom Ltd

LT: Unallocated

ICRA BB-

155.6 - (Rating moved to ‘Issuer Not Cooperating' category) Svarn Tex Prints Pvt Ltd

LT: CC

ICRA B+

82.5

- (Rating moved to ‘Issuer Not Cooperating' category) Svarn Tex Prints Pvt Ltd

LT: TL

ICRA B+

20

- (Rating moved to ‘Issuer Not Cooperating' category) Svarn Tex Prints Pvt Ltd

LT: Unallocated

ICRA B+

77.5

- (Rating moved to ‘Issuer Not Cooperating' category) Svsvs Projects Pvt Ltd

CC

ICRA B+

25

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Svsvs Projects Pvt Ltd

Non-Fund based

ICRA B+

480

- (Rating continues to remain in ‘Issuer Not Cooperating' category) Tata Coffee Ltd

FB Bk Fac

ICRA AA/A1+ 650

- (Reason for delay in carrying out periodic review: - Review process is underway) The Lifestile Realty

Bk Loan Rating

ICRA B

130

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Union Bank Of India

Lower Tier II Bonds – ICRA AA+

-

withdrawn

Basel II Union Bank Of India

Basel II Compliant

ICRA AA+

-

withdrawn

Innovative Perpetual

Debt Instruments V.P.S. Textiles (India) Pvt Ltd

FBL-CC

ICRA C

30

Upgraded

from ICRA D V.P.S. Textiles (India) Pvt Ltd

LT-Fund Based TL

ICRA C

3.2

Upgraded

from ICRA D V.P.S. Textiles (India) Pvt Ltd

LT Unallocated Limit ICRA C

46.8

Upgraded

from ICRA D V.P.S. Textiles (India) Pvt Ltd

LT/ST – Unallocated ICRA C/A4

-

Upgraded

Limit

from ICRA D (Short Term Rating Withdrawn) Venu Industries

Fund Based/CC

ICRA B

150

Reaffirmed Wave Beverages Pvt Ltd

Fund based - TL

ICRA BB+

174.4 - (Rating moved to ‘Issuer Not Cooperating' category) Wave Beverages Pvt Ltd

Fund based - Working ICRA BB+

350

-

Capital (Rating moved to ‘Issuer Not Cooperating' category) Wave Beverages Pvt Ltd

Unallocated

ICRA BB+

135.9 - (Rating moved to ‘Issuer Not Cooperating' category) A N Associates

LT, proposed limits ICRA BB

50

- moved to Issuer not Cooperating category Abijit Solar Energy Pvt. Ltd

FB – TL

ICRA BB+

200

Reaffirmed outlook revised from Stable Antony Motors Pvt Ltd

LT: Fund based

ICRA B+

85

Withdrawn Aov Exports Pvt Ltd

LT: FB TL

ICRA BBB

115

Reaffirmed Bafna Motors (Mumbai) Pvt Ltd

LT: Fund based –

ICRA B-

590

Reaffirmed

Trade Advance Bafna Motors (Mumbai) Pvt Ltd

LT: Fund based – TL ICRA B-

1500

Reaffirmed Bajaj Capital Ltd

LT – CC

ICRA BBB-

35

Downgraded

from ICRA BBB Bajaj Capital Ltd

LT – TL

ICRA BBB-

207.5 Downgraded

from ICRA BBB Bajaj Capital Ltd

LT - Unallocated

ICRA BBB-

7.5

Downgraded

from ICRA BBB Durga Construction Company

Fund based CC

ICRA BB+

120

- Rating continues to remain under ‘Issuer Not Cooperating' category Durga Construction Company

Fund based TL

ICRA BB+

31.8

- Rating continues to remain under ‘Issuer Not Cooperating' category Eros Minerock Products Llp

CC

ICRA B+

80

- Rating moved to ‘Issuer Not Cooperating' category Exotic Granite Llp

Fund based CC

ICRA B

40

- Rating continues to remain under ‘Issuer Not Cooperating' category Exotic Granite Llp

Fund based TL

ICRA B

60

- Rating continues to remain under ‘Issuer Not Cooperating' category Export-Import Bank Of India

LT Bonds Programme

ICRA AAA

273179 Reaffirmed Export-Import Bank Of India

LT Bonds Programme

ICRA AAA

68270 Withdrawn Fortis Healthcare (NS: FOHE ) Holdings Pvt

NCDs

ICRA D

4900

- Ltd rating continues to remain in ‘Issuer Not Cooperating' category Fortis Healthcare Holdings Pvt

CP

ICRA D

5000

- Ltd rating continues to remain in ‘Issuer Not Cooperating' category G R Gupta Amp; Bros.

Fund Based - CC

ICRA BB

150

Reaffirmed G R Gupta Amp; Bros.

FB - Electronic

ICRA BB

250

Reaffirmed

Dealer Finance Scheme Ganesh Industries

LT, FB-TL

ICRA BB-

13.4

Reaffirmed Ganesh Industries

LT, FB-CC

ICRA BB-

37.5

Reaffirmed Ganesh Industries

LT, Unallocated limitsICRA BB-

29.1

Reaffirmed Harmony Foods Pvt Ltd

CC

ICRA BB+

135

- Rating moved to the ‘Issuer Not Cooperating' category Harmony Foods Pvt Ltd

TL

ICRA BB+

46.2

- Rating moved to the ‘Issuer Not Cooperating' category Harmony Foods Pvt Ltd

Unallocated

ICRA BB+

18.8

-

/A4+ Rating moved to the ‘Issuer Not Cooperating' category Amount (Rs. crore) Hill Stone Ceramic Pvt Ltd

Fund based TL

ICRA B+

30.1

- Rating continues to remain under ‘Issuer Not Cooperating' category Hill Stone Ceramic Pvt Ltd

Fund based CC

ICRA B+

35

- Rating continues to remain under ‘Issuer Not Cooperating' category Hydrobaths Ramco Marketing Pvt

LT Fund based

ICRA D

104.3 - Ltd Rating continues to remain under ‘Issuer Not Cooperating' category Hydrobaths Ramco Marketing Pvt

LT Non- Fund based

ICRA D

25

- Ltd Rating continues to remain under ‘Issuer Not Cooperating' category Hydrobaths Ramco Marketing Pvt

Unallocated

ICRA D

10

- Ltd Rating continues to remain under ‘Issuer Not Cooperating' category Indian Compressors Ltd

Fund based - TL

ICRA BB+

10

- Rating continues to remain under ‘Issuer Not Cooperating' category Indian Compressors Ltd

Fund based - Working ICRA BB+

110

-

Capital Fac Rating continues to remain under ‘Issuer Not Cooperating' category Indian Compressors Ltd

Unallocated Limits TL ICRA BB+

50

-

/ICRA A4+ Rating continues to remain under ‘Issuer Not Cooperating' category Amount (Rs. crore) 616.78 Khedut Cotex Pvt. Ltd.

FB – CC

ICRA D

60

Downgraded

from ICRA B Rating continues to remain under ‘Issuer Not Cooperating' category Khedut Cotex Pvt. Ltd.

FB – TL

ICRA D

27.7

Downgraded

from ICRA B Rating continues to remain under ‘Issuer Not Cooperating' category Kochar Infotech Ltd

Fund based -TL

ICRA BB+

35

Reaffirmed Kochar Infotech Ltd

Fund based - Working ICRA BB+

220

Reaffirmed

Capital Fac Kochar Infotech Ltd

Unallocated Fac

ICRA BB+

35

Reaffirmed

/ICRA A4+ Marigold Paints Pvt. Ltd.

Fund based CC

ICRA B+

70

- Rating continues to remain under ‘Issuer Not Cooperating' category N.S. Associates Pvt Ltd

LT – Fund Based – CC ICRA BB

60

- Rating continues to remain in the ‘Issuer Not Cooperating' category Nv Projects Pvt Ltd

NCDs

Provisional 1060

Assigned

ICRA A-(SO) Nv Realty Pvt Ltd

TL

Provisional 560

Assigned

ICRA A-(SO) Nv Realty Pvt Ltd

NCDs

Provisional 2300

Assigned

ICRA A-(SO) Precision Machines And

LT – FB CC

ICRA BB-

84.5

- Equipments Pvt. Ltd. Rating continues to remain in the ‘Issuer Not Cooperating' category Precision Machines And

LT/ST – Unallocated ICRA BB-/

55.5

- Equipments Pvt. Ltd.

Limits

ICRA A4 Rating continues to remain in the ‘Issuer Not Cooperating' category Pune Metropolitan Region

Proposed NCD

Provisional 2500

- Development Authority

Programme Trust Name ICRA AA(SO) Rating continues to remain in the ‘Issuer Not Cooperating' category Rajasthan Vikas Sansthan

LT Fund based/CC

ICRA BB

50

- Rating continues to remain in the ‘Issuer Not Cooperating' category Rajasthan Vikas Sansthan

LT Fund based/TL

ICRA BB

192.5 - Rating continues to remain in the ‘Issuer Not Cooperating' category Rameshwar Cottex

FB – CC

ICRA D

70

Downgraded

from ICRA B Rating continues to remain under ‘Issuer Not Cooperating' category Rameshwar Cottex

FB – TL

ICRA D

25

Downgraded

from ICRA B Rating continues to remain under ‘Issuer Not Cooperating' category Samet Plast

Fund based CC

ICRA B+

50

- Rating continues to remain under ‘Issuer Not Cooperating' category Samet Plast

Fund based TL

ICRA B+

10

- Rating continues to remain under ‘Issuer Not Cooperating' category Shah Tiles Pvt Ltd

FB – CC

ICRA B+

75

- Rating continues to remain under ‘Issuer Not Cooperating' category Shah Tiles Pvt Ltd

Fun-based – TL

ICRA B+

71.4

- Rating continues to remain under ‘Issuer Not Cooperating' category Shantol Green Energy (India)

Fund based - CC

ICRA D

25

- Pvt. Ltd. Rating continues to remain under ‘Issuer Not Cooperating' category Shantol Green Energy (India)

Fund based - TL

ICRA D

185

- Pvt. Ltd. Rating continues to remain under ‘Issuer Not Cooperating' category Shiv Shakti Industries

Fund based TL

ICRA B+

37.5

- Rating continues to remain under ‘Issuer Not Cooperating' category Shiv Shakti Industries

Fund based CC

ICRA B+

200

- Rating continues to remain under ‘Issuer Not Cooperating' category Shree Tnb Polymers Ltd

LT / ST -

ICRA BB-

1.2

/A4 Shree Tnb Polymers Ltd

Fund Based- CC

ICRA BB-

220

Withdrawn Shree Tnb Polymers Ltd

Fund Based- TL

ICRA BB-

20.2

Withdrawn Shri Vasanthraj Textiles Pvt

FBL-CC

ICRA C

30

Upgraded Ltd

from ICRA D Shri Vasanthraj Textiles Pvt

LT-Fund Based TL

ICRA C

11

Upgraded Ltd

from ICRA D Shri Vasanthraj Textiles Pvt

LT Unallocated Limit ICRA C

39

Upgraded Ltd

from ICRA D Shri Vasanthraj Textiles Pvt

LT/ST – Unallocated ICRA C/ICRA 0

Upgraded Ltd

Limit

A4

from ICRA D

/Withdrawn Sigma Chemicals

Fund based - Working ICRA BB+

97.5

-

Capital Fac Rating continues to remain under ‘Issuer Not Cooperating' category Sri Balaji Educational Amp;

LT, FB

ICRA BB+

90

- Charitable Public Trust continue to remain in Issuer not Cooperating category Sri Balaji Educational Amp;

LT, TL

ICRA BB+

942.1 - Charitable Public Trust continue to remain in Issuer not Cooperating category Sri Balaji Educational Amp;

LT, Non fund Based

ICRA BB+

374.5 - Charitable Public Trust continue to remain in Issuer not Cooperating category Stallion Laboratories Pvt Ltd

Fund based TL

ICRA BB

10

- Rating continues to remain under ‘Issuer Not Cooperating' category Stallion Laboratories Pvt Ltd

Fund based CC

ICRA BB

35

- Rating continues to remain under ‘Issuer Not Cooperating' category Suncity Synthetics Ltd

LT FB – CC

ICRA BB-

83.5

Reaffirmed Suncity Synthetics Ltd

LT FB – TL

ICRA BB-

17.4

Reaffirmed Suncity Synthetics Ltd

LT Non-FBL- BG

ICRA BB-

8.5

Reaffirmed Suncity Synthetics Ltd

LT- Unallocated

ICRA BB-

40.6

Reaffirmed

Limits Bk Fac

160 Surya Oil Amp; Agro Industries

FB – CC

ICRA B+

70

- Rating continues to remain under ‘Issuer Not Cooperating' category Surya Oil Amp; Agro Industries

FB – Unallocated

ICRA B+

37.9

- Rating continues to remain under ‘Issuer Not Cooperating' category Sushila Parmar International

FB- CC

ICRA BBB+

50

Reaffirmed Pvt Ltd Tata Advanced Materials Ltd

LT - CC

ICRA A+&

75

Reaffirmed placed under watch with developing implications Tata Advanced Materials Ltd

LT/ST - Fund Based/ ICRA

3085

Reaffirmed

Non-fund Based

A+&/ICRA A1& placed under watch with developing implications Therdose Pharma Pvt Ltd

TL

ICRA BB

54.7

- Rating continues to remain in the ‘Issuer Not Cooperating' category Therdose Pharma Pvt Ltd

CC

ICRA BB

70

- Rating continues to remain in the ‘Issuer Not Cooperating' category Therdose Pharma Pvt Ltd

Unallocated Limits

ICRA BB /A4 95.3

- Rating continues to remain in the ‘Issuer Not Cooperating' category Urvesh Psyllium Industries Ltd.

FB – CC

ICRA BB-

114

- Rating continues to remain under ‘Issuer Not Cooperating' category Valdel Engineers And

LT/ST – Unallocated ICRA A

120

Withdrawn Constructions Pvt Ltd

/ICRA A1 Vns Finance Amp; Capital

LT fund based Bk Fac ICRA BB-

10

Reaffirmed Services Ltd -------------------------------------------------------------------------------------------- $: 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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