RPT-ICRA ratings for Indian debt instruments-Jul 24

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RPT-ICRA ratings for Indian debt instruments-Jul 24
Credit: © Reuters.

(Repeating to add more ratings)

Jul 24 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of July 23, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Aceto Chem Pvt Ltd

Non-fund Based - LOC ICRA A4+

40

Reaffirmed Bajaj Electricals (NS: BJEL ) Ltd

ST – FB Limits

ICRA A1

3150

Revised from

ICRA A1+ Bajaj Electricals Ltd

ST – CP

ICRA A1

5000

Revised from

ICRA A1+ Bhuvaneswari Tex

ST - Fund Based

ICRA A4+

166

Reaffirmed (removed from Issuer not cooperating category) Bhuvaneswari Tex

ST - Non-Fund Based ICRA A4+

1.5

Reaffirmed (removed from Issuer not cooperating category) Bhuvaneswari Tex

ST - Unallocated

ICRA A4+

1.3

Reaffirmed

Limits (removed from Issuer not cooperating category) Jabs International Pvt Ltd

Non-fund Based - LOC ICRA A2

20

Reaffirmed

Unallocated Keltron Component Complex Ltd

ST – Non-FBL

ICRA A4

127.5 Reaffirmed Mm Auto Industries Ltd

ST: Non fund based

ICRA A4

25 (Rating continue to remain in ‘Issuer Not Cooperating' category) Rashtriya Chemicals (NS: RSTC ) And

CP Programme

ICRA A1+

20000 Reaffirmed Fertilizers Ltd Sovereign Metals Ltd

Non-FBL

ICRA A4

280#

outstanding # Includes propose facility of Rs. 90 crore Sovereign Metals Ltd

ST FBL

ICRA A4

650

Assigned Symcom Communication

ST Non-fund Based LOC ICRA A4

-

(Interchangeable) (Rating continues to remain under ‘Issuer Not Cooperating' category) Teems India Towerlines Pvt Ltd

ST – Non-fund based ICRA A3

230 Reason for delay in carrying out periodic review: Review process is underway Winmax Ceramic Pvt Ltd

Non-fund Based BG

ICRA A4

15

Reaffirmed LONG TERM RATINGS: ------------------- A Plus Design House Llp

TL

ICRA BBB

480

Assigned Aceto Chem Pvt Ltd

FB - TL

ICRA BB+

33.8

Reaffirmed Aceto Chem Pvt Ltd

FB - Working Capital ICRA BB+

45

Reaffirmed

Fac Bajaj Electricals Ltd

LT-NCD programme

ICRA A

2000

Revised from

ICRA A+ Bajaj Electricals Ltd

LT - TL

ICRA A

200

Revised from

ICRA A+ Bajaj Electricals Ltd

LT – FB Limits

ICRA A

3797

Revised from

ICRA A+ Bajaj Electricals Ltd

LT/ST - Non-FBL

ICRA A

27003 Revised from

/ICRA A1

ICRA A+ /

ICRA A1+ Bajaj Electricals Ltd

LT/ST – FB/Non-FBL

ICRA A

13275 Revised from

/ICRA A1

ICRA A+ /

ICRA A1+ Bajaj Electricals Ltd

LT-NCD programme

Provisional 1500

Revised from

ICRA A

Provisional

ICRA A+ Betterman Engineers Pvt Ltd

Bk Fac

ICRA B

160

/ICRA A4 Reason for delay in carrying out periodic review:- Review process is underway Bhutan Ventures Hospitality

Long-TL

ICRA BB

300

Assigned Pvt Ltd Bhuvaneswari Tex

LT – TL

ICRA BB+

7.2

Reaffirmed (removed from Issuer not cooperating category) Handloom Bhandar

LT: Fund based TL

ICRA B

32 (Rating continue to remain in ‘Issuer Not Cooperating' category) Handloom Bhandar

LT: Fund based CC

ICRA B

50 (Rating continue to remain in ‘Issuer Not Cooperating' category) Handloom Bhandar

LT: Unallocated

ICRA B

18 (Rating continue to remain in ‘Issuer Not Cooperating' category) Jabs International Pvt Ltd

Unallocated

-

0

- Jabs International Pvt Ltd

FB - Pre-shipment

ICRA

200

Reaffirmed

Credit (EPC/PCFC)

BBB+/ICRA A2 Jabs International Pvt Ltd

FB - Post-shipment

ICRA

250

Reaffirmed

Credit (FBP/FBD/EBR) BBB+/ICRA A2 Jabs International Pvt Ltd

FB - Pre-shipment/

ICRA

352.5 Reaffirmed

Post-shipment Credit BBB+/ICRA A2

(EPC/PCFC/FBP/FBD) Kali Aerated Water Works Pvt

LT – TL

ICRA BBB-

100 Ltd (Reason for delay in carrying out periodic review: Rating process is underway) Kali Aerated Water Works Pvt

LT - FB Fac

ICRA BBB-

70 Ltd (Reason for delay in carrying out periodic review: Rating process is underway) Kali Aerated Water Works Pvt

ST, Interchangeable* ICRA BBB-

- Ltd *Sub-limit of long term facilities/Reason for delay in carrying out periodic review: Rating process is underway Kalis Sparkling Water (P) Ltd.

LT - FB Fac

ICRA BBB-

432090 (Reason for delay in carrying out periodic review: Rating process is underway) Kalis Sparkling Water (P) Ltd.

LT – TL

ICRA BBB-

432090 (Reason for delay in carrying out periodic review: Rating process is underway) Keltron Component Complex Ltd

LT – CC limits

ICRA B+

112.5 Upgraded

from ICRA B- Mad Studios Pvt Ltd

LT FB TL

ICRA D

130 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Mad Studios Pvt Ltd

LT FB CC

ICRA D

25 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Mad Studios Pvt Ltd

LT Non-fund Based

ICRA D

20 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Mm Auto Industries Ltd

LT: Fund based TL

ICRA B

49.5 (Rating continue to remain in ‘Issuer Not Cooperating' category) Mm Auto Industries Ltd

LT: Fund based CC

ICRA B

135 (Rating continue to remain in ‘Issuer Not Cooperating' category) Mm Auto Industries Ltd

LT: Unallocated

ICRA B

85.9 (Rating continue to remain in ‘Issuer Not Cooperating' category) Rashtriya Chemicals And

Bk Fac

ICRA AA

51000 Reaffirmed Fertilizers Ltd Rashtriya Chemicals And

NCDs

ICRA AA

5000

Reaffirmed Fertilizers Ltd Saisons Trade & Industry Pvt

NCDs(NCD)

ICRA B

50

Upgraded Ltd

from ICRA D (removed from Issuer Not Co-operating category) Sanghi Jewellers Pvt. Ltd.

Fund Based- CC

ICRA BBB-

620

Reaffirmed Sanghi Jewellers Pvt. Ltd.

Unallocated

ICRA BBB-

10

Reaffirmed Sovereign Metals Ltd

LT FBL

ICRA BB-

-

outstanding ** Sub-limit of non-fund based facility Symcom Communication

LT FB CC

ICRA B+

250 (Rating continues to remain under ‘Issuer Not Cooperating' category) Teems India Towerlines Pvt Ltd

LT – FB

ICRA BBB-

20 (Reason for delay in carrying out periodic review: Review process is underway) Vidya Herbs Pvt. Ltd.

LT - FB Fac TL

ICRA A-

645

outstanding Vidya Herbs Pvt. Ltd.

LT - FB Fac - CC

ICRA A-

850

Assigned

/outstanding Vidya Herbs Pvt. Ltd.

LT / ST - Unallocated ICRA A- /

5

outstanding

Limits

ICRA A2+ Winmax Ceramic Pvt Ltd

FB TL

ICRA B

15.3

Reaffirmed Winmax Ceramic Pvt Ltd

FB CC

ICRA B

60

Reaffirmed Winmax Ceramic Pvt Ltd

Unallocated Limits

ICRA B

34.7

Reaffirmed

/ICRA A4 Renaatus Procon Pvt Ltd

LT – TL

ICRA BBB-

385.6 Outstanding

/ Assigned Renaatus Procon Pvt Ltd

LT Fund Based

ICRA BBB-

28.4

Outstanding

/ Assigned Renaatus Procon Pvt Ltd

LT Unallocated

ICRA BBB-

93

Outstanding

/ Assigned -------------------------------------------------------------------------------------------- $: 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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