RPT-ICRA ratings for Indian debt instruments-Jul 31

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RPT-ICRA ratings for Indian debt instruments-Jul 31
Credit: © Reuters.

(Repeating to add more ratings.)

Jul 31 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of July 30, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Aggarwal And Company

ST-Non-Fund Based

ICRA A4

200

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Aparna Enterprises Ltd

Non-FBL

ICRA A2+

250

- (Reason for delay in carrying out periodic review: Review process is underway) Aryan Packaging Products Pvt.

Unallocated limits

ICRA A4

31.9

Reaffirmed Ltd Aryan Paper Mills Pvt. Ltd

Non-fund Based - LC ICRA A3+

40

Reaffirmed Aryan Paper Mills Pvt. Ltd

CEL

ICRA A3+

3.3

Reaffirmed Asansol Polyfabs Pvt Ltd

Non Fund based-BG

ICRA A4+

20

Downgraded

from ICRA A3 (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Azad Impex Pvt Ltd

Non-fund Based

ICRA A4

380

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Darling Digital World Pvt Ltd

ST – FB

ICRA A4+

57.5

- (Reason for delay in carrying out periodic review: Issuer has not shared information) Design Creation

Interchangeable Limit ICRA A4

-

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Farmico Commodities Ltd

ST - Non-Fund Based ICRA A4

90

- (Erstwhile Wadhwani Commodities Trading Pvt. Ltd.) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Fibremarx Papers Pvt Ltd

ST Non-Fund based

ICRA A4

25

Assigned Fullerton India Credit Co. Ltd

CP programme

ICRA A1+

45000 Outstanding Fullerton India Credit Co. Ltd

ST debt programme

ICRA A1+

10000 Outstanding Gallant Jewelry

ST – Packing Credit ICRA A4

60

- (Rating moved to Issuer not cooperating category) Gallant Jewelry

ST – PSDL

ICRA A4

63

- (Rating moved to Issuer not cooperating category) Gallant Jewelry

ST – Gold Card#

ICRA A4

24.6

- (Rating moved to Issuer not cooperating category) Giriraj Timber Pvt Ltd

Non-fund Based

ICRA A4

420

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Guru Ashish Shipbreakers

Non-Fund Based-LOC

ICRA A4

660

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hans Industries Pvt Ltd

Non-Fund Based-BG

ICRA A4

120

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hans Industries Pvt Ltd

Non-Fund Based-LOC

ICRA A4

-

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hariom Polypacks Ltd

Non FBL

ICRA A4+

10

Downgraded

from ICRA A3 (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hcg Sun Hospitals Llp

Fund Based – Working ICRA A2+

30

Assigned

Capital Fac Hcg Sun Hospitals Llp

Non-fund Based –

ICRA A2+

5

Assigned

Working Capital Fac Himangi Foods Pvt Ltd

LT Fund based/ TL

ICRA A4

102.7 - (Rating continues to remain in the ‘Issuer Not Cooperating' category) Indraprastha Automobiles Pvt

Non-fund Based

ICRA A4+

65

- Ltd (Rating moved to Issuer not cooperating category) Javi Home Pvt Ltd

Interchangeable#

ICRA A4

-

- (Rating continues to remain in the ‘Issuer Not Cooperating' category)/#working capital limits include various sublimit Katira Construction Ltd.

BG

ICRA A3+

976.5 - (Rating moved to ‘Issuer Not Cooperating' category) Kedar Metals Pvt Ltd

Non-fund based – Bill ICRA A4+

50

-

Discounting (Rating continues to remain in the ‘Issuer Not Cooperating' category) Kedar Metals Pvt Ltd

Non-fund based – LOC ICRA A4+

20

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

Fund based – Packing ICRA A4+

-

-

Credit^ (Rating continues to remain in the ‘Issuer Not Cooperating' category) / ^ Sublimit of CC facility Lucky Exports

FBL

ICRA A4+

460

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Lucky Exports

Non- FBL

ICRA A4+

1200

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Lucky Exports

Unallocated limits

ICRA A4+

40

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Mahendra Roadlines Pvt Ltd

ST - Non-Fund Based ICRA A4+

5

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Mvr Gas

ST –BG

ICRA A4

26.7

- (Reason for delay in carrying out periodic review - - Issuer delayed in sharing information) National Seeds Corporation Ltd

Unallocated Limits

ICRA A1+

250

Assigned Polysol Industries

Non-fund based – LOC ICRA A4

90

- (Rating moved to the ‘Issuer - Not Cooperating' category) Polysol Industries

Non-fund based –

ICRA A4

8

-

Forward Contract

Exposure (Rating moved to the ‘Issuer - Not Cooperating' category) Pratibha Constructions

ST – Non-fund based ICRA A4

250

- Engineers & Contractors (India) Pvt Ltd (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Rayban Foods Pvt Ltd

Non-fund Based

ICRA A4

75 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Rolex Hosiery Pvt Ltd

ST Fund based

ICRA A3+

135

- (Rating moved to Issuer not cooperating category) Rolex Hosiery Pvt Ltd

ST/ Unallocated

ICRA A3+

5

- (Rating moved to Issuer not cooperating category) Sai Fertilizers Pvt Ltd

NFBL

ICRA A3+

170

Withdrawn (Issuer did not cooperate, based on best available information) Sai Fertilizers Pvt Ltd

ST interchangeable

ICRA A3+

-

Withdrawn

limits (Issuer did not cooperate, based on best available information) Shree Gopinath Paper Mills Pvt

Non-Fund Based-BG

ICRA A4

10

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shree Gopinath Paper Mills Pvt

Non-Fund Based-Credit ICRA A4

2.5

- Ltd

Exposure Limit (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shree Gopinath Paper Mills Pvt

Non-Fund Based-LOC

ICRA A4

50

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Sical Iron Ore Terminals Ltd

ST – Non-fund based ICRA A2(SO) -

-

(sub-limit

@ @ - Under rating watch with negative implications Sical Logistics Ltd

ST FB Fac

ICRA A2 @

295

- @ - Under rating watch with negative implications Sical Logistics Ltd

ST – Non-FB Fac

ICRA A2 @

3830

- @ - Under rating watch with negative implications Sical Multimodal And Rail

ST – Non-fund based ICRA A2

600

- Transport Ltd

(SO) @ @ - Under rating watch with negative implications Sical Saumya Mining Ltd

ST: FB Fac

ICRA A2(SO) 250

-

@ @ - Under rating watch with negative implication The Ramco Cements (NS: TRCE ) Ltd

ST non-fund based

ICRA A1+

4850

Outstanding The Ramco Cements Ltd

CP

ICRA A1+

9000

Assigned (For the enhanced facilities) Tirupathi Yarntex Spinners Pvt

ST, Interchangeable ICRA A4

-

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Unihira Exports Pvt Ltd

ST – Fund Based

ICRA A4

50

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

Non-Fund Based-LOC

ICRA A4

350

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Vandana Timber Pvt. Ltd.

Vandana Timber Pvt. ICRA A4

160

-

Ltd (Reason for delay in carrying out periodic review: Issuer not Cooperating) Vandana Timber Pvt. Ltd.

Vandana Timber Pvt. ICRA A4

3.2

-

Ltd. (Reason for delay in carrying out periodic review: Issuer not Cooperating) Virchow Drugs Ltd

Non-fund

ICRA A2

10

-

based-Working Capital

Fac (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Reliance Communications (NS: RLCM ) Ltd

ST FB/Non-FBL

ICRA D

73140 -

(including

unallocated) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Infratel Ltd

ST FB/Non-fundbased ICRA D

2450

-

Limits (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Infratel Ltd

ST Debt (STD)

ICRA D

10000 -

Programme (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Telecom Ltd

ST Non-FBL

ICRA D

7840

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) The Ramco Cements Ltd

ST fund based

ICRA AA+

2500

Outstanding New Asian Construction Company

Non-Fund Based - BG ICRA A4

80

Reaffirmed Shri Maa Polyfabs Ltd

Non FBL

ICRA A4+

70

Downgraded

from ICRA A3

and continues to remain in the ‘Issuer Not Cooperating' category (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) MEDIUM TERM RATINGS: ------------------- Aryan Packaging Products Pvt.

Medium-term Fixed

MB

25

Reaffirmed Ltd

Deposit Programme Aryan Paper Mills Pvt. Ltd

Medium-term Fixed

MA-

40

Reaffirmed

Deposit Programme Hawkins Cookers Ltd

Fixed deposit (FD)

MAA

228.2 Reaffirmed

programme Hawkins Cookers Ltd

Fixed deposit (FD)

MAA

8.5

Assigned

programme Pai International Electronics

Proposed Fixed DepositMA-

500

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

LONG TERM RATINGS: ------------------- A B Motions Pvt Ltd

LT – Fund Based – LRD ICRA BB+

732.9 -

Loan (Rating moved to Issuer not cooperating category) Aggarwal And Company

LTInterchangeable

ICRA B

-

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Anand Jewels (Indore) Pvt Ltd

LT: Fund based

ICRA BBB-

375

Reaffirmed Anand Jewels (Indore) Pvt Ltd

LT/ST: Non-fund Based ICRA BBB-/A3 525

Reaffirmed Aparna Enterprises Ltd

FB Limits – CC

ICRA BBB+

1600

- (Reason for delay in carrying out periodic review: Review process is underway) Aparna Enterprises Ltd

TL

ICRA BBB+

1245

- (Reason for delay in carrying out periodic review: Review process is underway) Aparna Enterprises Ltd

Proposed FBL

ICRA BBB+

405

- (Reason for delay in carrying out periodic review: Review process is underway) Aryan Packaging Products Pvt.

FB TL

ICRA B+

90.6

Reaffirmed Ltd Aryan Packaging Products Pvt.

FB CC

ICRA B+

50

Reaffirmed Ltd Aryan Paper Mills Pvt. Ltd

FB TL

ICRA BBB

259.7 Reaffirmed Aryan Paper Mills Pvt. Ltd

FB CC

ICRA BBB

120

Reaffirmed Aryan Paper Mills Pvt. Ltd

Unallocated Limits

ICRA BBB/A3+ 5

Reaffirmed Asansol Polyfabs Pvt Ltd

Fund based-CC

ICRA BB+

70

Downgraded

from ICRA

BBB- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Asansol Polyfabs Pvt Ltd

Unallocated Limit

ICRA BB+/A4+ 10

Downgraded

from ICRA

BBB-/A3 (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Ayyappa Infra Projects Pvt Ltd

Bk loan Ratings

ICRA BBB

914

-

/ICRA A3+ (Reason for delay in carrying out periodic review: - Review process is underway) Azad Impex Pvt Ltd

Fund Based

ICRA BB

40

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bansal Foods (India)

LT Fund based/ TL

ICRA B+

45

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bharat Agro Impex

Fund based - CC

ICRA B+

140

Withdrawn (Issuer - Not Cooperating' category) Bharat Agro Impex

Fund based - TL

ICRA B+

52.5

Withdrawn (Issuer - Not Cooperating' category) Bharat Agro Impex

Non-FBL

ICRA B+

7

Withdrawn (Issuer - Not Cooperating' category) Bharat Agro Impex

Unallocated

ICRA B+

100.5 Withdrawn (Issuer - Not Cooperating' category) Bharat Cereals Pvt Ltd

Fund based - CC

ICRA BB+

940

Withdrawn (Issuer did not co-operate; based on best available information.) Bharat Cereals Pvt Ltd

Fund based - TL

ICRA BB+

21.4

Withdrawn (Issuer did not co-operate; based on best available information.) Bharat Cereals Pvt Ltd

Non-FBL

ICRA BB+

12

Withdrawn (Issuer did not co-operate; based on best available information.) Bharat Cereals Pvt Ltd

Unallocated

ICRA BB+

17.2

Withdrawn (Issuer did not co-operate; based on best available information.) Bharat Glucose Pvt Ltd

Fund based - CC

ICRA BB+

50

Withdrawn (Issuer - Not Cooperating' category) Bharat Glucose Pvt Ltd

Non-FBL

ICRA BB+

5

Withdrawn (Issuer - Not Cooperating' category) Bharat Glucose Pvt Ltd

Unallocated

ICRA BB+

20

Withdrawn (Issuer - Not Cooperating' category) Bhavana Power Pvt Ltd

Fund Based

ICRA BB

100

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

Unallocated Limits

ICRA BB

20

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bhavani Cotex

CC

ICRA B+

69

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Bhavani Cotex

TL

ICRA B+

16

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Canon India Pvt Ltd

Issuer Rating

ICRA AAA

-

Reaffirmed Chaitanya Chemicals

Fund Based

ICRA BB

55

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Chaitanya Chemicals

Unallocated Limits

ICRA BB

8.5

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

TL

ICRA BBB+@ 3150

- @ - Under rating watch with negative implications Cyan Textile Pvt Ltd

LT - Fund Based/ CC ICRA B+

60

Withdrawn (Issuer Not Cooperating) Cyan Textile Pvt Ltd

LT - Fund Based TL

ICRA B+

70

Withdrawn (Issuer Not Cooperating) Darling Digital World Pvt Ltd

LT – FB CC

ICRA BB+

117.5 - (Reason for delay in carrying out periodic review: Issuer has not shared information) Darling Digital World Pvt Ltd

LT – FB TL

ICRA BB+

5.7

- (Reason for delay in carrying out periodic review: Issuer has not shared information) Darling Digital World Pvt Ltd

LT/ST unallocated

ICRA BB+/A4+ 6.3

- (Reason for delay in carrying out periodic review: Issuer has not shared information) Design Creation

LT Fund based/ CC

ICRA B+

45

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Design Creation

FB- CC

ICRA BB-

300

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

Non-Fund based - BGs ICRA BB/ A4 335

Reaffirmed Evan Multi Specialty Hospital

LT: Fund based TL

ICRA D

257

- And Research Centre Pvt Ltd (Rating continues to remain in the ‘Issuer Not Cooperating' category) Evan Multi Specialty Hospital

LT: Fund based CC

ICRA D

13.5

- And Research Centre Pvt Ltd (Rating continues to remain in the ‘Issuer Not Cooperating' category) Farmico Commodities Ltd

LT - Fund Based/ CC ICRA B+

60

- (Erstwhile Wadhwani Commodities Trading Pvt. Ltd.) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Farmico Commodities Ltd

LT - Interchangeable ICRA B+

-

- (Erstwhile Wadhwani Commodities Trading Pvt. Ltd.) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Fibremarx Papers Pvt Ltd

LT CC

ICRA BB-

320

Assigned Fibremarx Papers Pvt Ltd

LT TL

ICRA BB-

175

Assigned Fullerton India Credit Co. Ltd

Retail NCD programme ICRA AAA

20000 Assigned Fullerton India Credit Co. Ltd

NCD programme

ICRA AAA

-

Withdrawn** **withdrawn due to maturity Fullerton India Credit Co. Ltd

LT Bk lines

ICRA AAA

80000 Outstanding Fullerton India Credit Co. Ltd

Issuer Rating

ICRA AAA

-

Outstanding Fullerton India Credit Co. Ltd

NCD programme

ICRA AAA

34640 Outstanding Fullerton India Credit Co. Ltd

Subordinated debt

ICRA AAA

8880

Outstanding

programme Gimpex Pvt Ltd

FB Limits

ICRA BB+

2550

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

Non-FB Limits

ICRA BB+

1900

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

LT (Sub-Limit) Fac

ICRA BB+

-

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

Fund Based

ICRA BB

40

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Girnar Food & Beverages Pvt Ltd

FB Limits

ICRA BBB+/A2 525

Upgraded

from ICRA

BBB/A3+ Greenstar Fertilizers Ltd

LT, FB

ICRA BBB-

1250

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Greenstar Fertilizers Ltd

LT, Unallocated Fac ICRA BBB-

2750

- (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Greentech Mega Food Park Pvt

LT – Fund Based –TL ICRA BB-

300

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

LT – Fund Based – TL ICRA BB

700

- (Rating moved to Issuer not cooperating category) Guru Ashish Shipbreakers

Fund Based-CC

ICRA B+

90

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) H.M. Industrial Pvt Ltd

NCDs (NCD)

ICRA D

60

- (Reason for delay in carrying out periodic review: Issuer not Cooperating) H.M. Industrial Pvt Ltd

Proposed

ICRA D

90

-

NonConvertible

Debentures (NCD) (Reason for delay in carrying out periodic review: Issuer not Cooperating) Hans Industries Pvt Ltd

Fund Based-CC

ICRA B+

450

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hariom Polypacks Ltd

Fund based-TL

ICRA BB+

107.5 Downgraded

from ICRA

BBB- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hariom Polypacks Ltd

Fund based-CC

ICRA BB+

72.5

Downgraded

from ICRA

BBB- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Hawkins Cookers Ltd

LT FB Fac

ICRA AA-

170

Reaffirmed Hawkins Cookers Ltd

LT non-FB Fac

ICRA AA-

50

Reaffirmed Hcg Sun Hospitals Llp

Fund Based – TL

ICRA A-

240

Assigned Himangi Foods Pvt Ltd

LT Fund based/ CC

ICRA BB-

120

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

LT Fund based/ TL

ICRA BB-

61.3

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Indraprastha Automobiles Pvt

Fund Based – Working ICRA BB

485

- Ltd

Capital (Rating moved to Issuer not cooperating category) Ini Design Studio Pvt. Ltd.

FB limits

ICRA BBB-

75

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

Fund Based – Working ICRA BB-

250

-

Capital (Rating continues to remain in the ‘Issuer Not Cooperating' category) Javi Home Pvt Ltd

Fund Based – TL

ICRA BB-

550

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Kamakhya Trader

LT – Fund Based

ICRA B

60

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Kamakhya Trader

LT – Unallocated

ICRA B

10

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Katira Construction Ltd.

CC

ICRA BBB

190

- (Rating moved to ‘Issuer Not Cooperating' category) Kedar Metals Pvt Ltd

Fund based - CC

ICRA BB

77.5

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Kirtilal M. Shah

FB – Postshipment

ICRA B+/A4 475.4 -

credit (Rating continues to remain in the ‘Issuer Not Cooperating' category) Kirtilal M. Shah

FB – Preshipment

ICRA B+/A4 233

-

credit (Rating continues to remain in the ‘Issuer Not Cooperating' category) Laxmi Balaji Industries

LT - Fund Based TL

ICRA B+

3.9

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Laxmi Balaji Industries

LT - Fund Based/ CC ICRA B+

125

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Laxmi Balaji Industries

LT - Unallocated

ICRA B+

41.1

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) M/S. Kbr Commodities

Bk Loan Ratings

ICRA BB+

280.5 - (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Madhucon Sugar And Power

Fund Based - TL

ICRA D

212.9 - Industries Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Madhucon Sugar And Power

Fund based – CC

ICRA D

988.9 - Industries Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Madhucon Sugar And Power

LT Unallocated Limits ICRA D

379

- Industries Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Mahendra Roadlines Pvt Ltd

LT - Fund Based/ CC ICRA BB+

250

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

Non-FB Limits

ICRA BBB-

110

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

Unallocated Limits

ICRA BBB-

77.5

- (Reason for delay in carrying out periodic review: Review process is underway) Megaton Polypack

TL

ICRA B+

45

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Megaton Polypack

CC

ICRA B+

15

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Mvr Gas

LT –TL

ICRA B+

32.4

- (Reason for delay in carrying out periodic review - - Issuer delayed in sharing information) Mvr Gas

LT –CC

ICRA B+

72.5

- (Reason for delay in carrying out periodic review - - Issuer delayed in sharing information) Mvr Gas

LT/ST –Unallocated

ICRA B+/A4 13.4

- (Reason for delay in carrying out periodic review - - Issuer delayed in sharing information) My Auto World (Kanpur) Pvt. Ltd

Fund Based – Working ICRA B

92.5

-

Capital (Rating continues to remain in the ‘Issuer Not Cooperating' category) Nagarkurnool Municipality

Issuer Rating

ICRA B+

-

- (Issuer did not co-operate; based on best available information.) Narula Tools International

Fund Based – Working ICRA B

60

-

Capital (Rating continues to remain in the ‘Issuer Not Cooperating' category) National Seeds Corporation Ltd

Fund based - Working ICRA AA

750

Outstanding

Capital Fac New Asian Infrastructure

FB TL

ICRA D

228

Reaffirmed Development Pvt Ltd New Asian Infrastructure

Unallocated Limits

ICRA D

67

Reaffirmed Development Pvt Ltd Norsea Offshore India Ltd

TL

ICRA

240

-

BBB+(SO) @ (Rating placed on watch with negative implications; previously ICRA BBB+ (SO) (negative)) P N Rao

LT - Fund Based/ (CC) ICRA BBB-

60

- (Reason for delay in carrying out periodic review: Review process is underway) P N Rao

LT - Fund BasedTL

ICRA BBB-

27

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

TL 1

ICRA

140

-

BBB+(SO) @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

TL 2

ICRA

50

-

BBB+(SO) @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

CC

ICRA

140

-

BBB+(SO) @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

WCDL

ICRA

-

-

BBB+(SO)/A2@ @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

LT Loan

ICRA

-

-

BBB+(SO)/A2@ @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

LOC

ICRA

-

-

BBB+(SO)/A2@ @ - Under rating watch with negative implications Pnx Logistics Pvt Ltd

BG

ICRA

-

-

BBB+(SO)/A2@ @ - Under rating watch with negative implications Polysol Industries

Fund based - CC

ICRA B+

20

-

Facilit (Rating moved to the ‘Issuer - Not Cooperating' category) Pramuk Infracon Llp

LT- TL

ICRA BB

900

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Pramuk Infracon Llp

LT- Unallocated

ICRA BB

100

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Pratibha Constructions

LT – Fund based / CC ICRA C-

247.7 - Engineers & Contractors (India) Pvt Ltd (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Pratibha Constructions

LT / ST Unallocated ICRA C-/A4 652.3 - Engineers & Contractors (India) Pvt Ltd (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Rayban Foods Pvt Ltd

Fund Based – Working ICRA B

300

Capital (Rating continues to remain in the ‘Issuer Not Cooperating' category) Rayban Foods Pvt Ltd

Fund Based – TL

ICRA B

26.9 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Rayban Foods Pvt Ltd

Unallocated

ICRA B

98.1 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Communications Ltd

NCD (NCD) Programme ICRA D

50000 - (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Communications Ltd

LT FB/Non-FBL

ICRA D

281160 -

(including

unallocated) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Communications Ltd

CP (CP) Programme

ICRA D

20000 - (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Infratel Ltd

LT FB (including

ICRA D

22710 -

unallocated) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Telecom Ltd

LT FB (including

ICRA D

8120

-

unallocated) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reliance Telecom Ltd

CP (CP) Programme

ICRA D

5000

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Reproscan Tech Park Llp

TL

ICRA BBB+

1845.4 Assigned Reproscan Tech Park Llp

Fund Based - OverdraftICRA BBB+

100

Assigned Reproscan Tech Park Llp

Non Fund Based - BG ICRA BBB+

40

Assigned Reproscan Tech Park Llp

Unallocated

ICRA BBB+

164.6 Assigned Reproscan Tech Park Llp

Issuer Rating

ICRA BBB+

-

Outstanding Rnb International Pvt Ltd

LT – Fund Based – CC ICRA B

110

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) S.E. Builders And Realtors Ltd

LT Fundbased Fac

ICRA BBB+

2000

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

FB – CC

ICRA BBB

180

Withdrawn (Issuer did not cooperate, based on best available information) Sai Sulphonates Pvt Ltd

FB – working capital ICRA A-

560

Withdrawn

Fac (Issuer did not cooperate, based on best available information) Sai Sulphonates Pvt Ltd

FB – TL

ICRA A-

40.5

Withdrawn (Issuer did not cooperate, based on best available information) Sai Sulphonates Pvt Ltd

Non-FB limits

ICRA A-/A2+ -

Withdrawn (Issuer did not cooperate, based on best available information) Saisrushti Builders Pvt Ltd

NCD

ICRA BB+

350

- (Reason for delay in carrying out periodic review: Review process is underway) Savera India Riding Systems

LT - Fund Based/ CC ICRA B+

100

- Company Pvt Ltd (Rating moved to ‘Issuer Not Cooperating' category) Savera India Riding Systems

LT - Unallocated

ICRA B+

30

- Company Pvt Ltd (Rating moved to ‘Issuer Not Cooperating' category) Saya Automobiles Ltd

Fund Based – Working ICRA BB-

550

-

Capital (Rating moved to the ‘Issuer - Not Cooperating' category) Saya Automobiles Ltd

Issuer Rating

ICRA BB-

-

- (Rating moved to the ‘Issuer - Not Cooperating' category) Shanti Integrated Textile Park

BLR

ICRA B /

670

- Pvt. Ltd.

ICRA A4 (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Shivay Minerals

TL

ICRA B

45

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Shivay Minerals

Working Capital Fac ICRA B

20

- (Reason for delay in carrying out periodic review - Issuer Not Cooperating) Shree Gopinath Paper Mills Pvt

Fund Based-TL

ICRA BB-

38.1

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shree Gopinath Paper Mills Pvt

Fund Based-CC

ICRA BB-

110

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shree Gopinath Paper Mills Pvt

Unallocated

ICRA BB-

32.4

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shree Hans Rice And General

Fund Based - TL

ICRA B+

19

- Mills (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shree Hans Rice And General

LT / ST - Fund Based ICRA B+/A4 725

- Mills (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shree Hans Rice And General

LT / ST - Unallocated ICRA B+/A4 6

- Mills (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shree Shakti Agro Industries

LT: Fund based TL

ICRA C+

9

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shree Shakti Agro Industries

LT: Fund based CC

ICRA C+

90

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shri Balaji Industries

LT Fund based/ CC

ICRA B

150

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Sical Iron Ore Terminals Ltd

LT: TL

ICRA

5000

-

BBB+(SO) @ @ - Under rating watch with negative implications Sical Iron Ore Terminals Ltd

LT – Fund based

ICRA

400

-

BBB+(SO) @ @ - Under rating watch with negative implications Sical Iron Ore Terminals Ltd

LT – Non fund based ICRA

600

-

BBB+(SO) @ @ - Under rating watch with negative implications Sical Iron Ore Terminals Ltd

LT – Non fund based ICRA

-

-

(sublimit)

BBB+(SO) @ @ - Under rating watch with negative implications Sical Logistics Ltd

NCD Programme

ICRA BBB+ @ 1000

- @ - Under rating watch with negative implications Sical Logistics Ltd

LT – CC

ICRA BBB+ @ 3000

- @ - Under rating watch with negative implications Sical Logistics Ltd

LT – TL Outstanding ICRA BBB+ @ 4325.4 - @ - Under rating watch with negative implications Sical Logistics Ltd

LT – Unallocated

ICRA BBB+ @ 1000

- @ - Under rating watch with negative implications Sical Multimodal And Rail

NCD Programme

ICRA

1000

- Transport Ltd

BBB+(SO) @ @ - Under rating watch with negative implications Sical Multimodal And Rail

LT – Fund based

ICRA

400

- Transport Ltd

BBB+(SO) @ @ - Under rating watch with negative implications Sical Multimodal And Rail

LT – TL

ICRA

607.7 - Transport Ltd

BBB+(SO) @ @ - Under rating watch with negative implications Sical Saumya Mining Ltd

TL

ICRA

418.3 -

BBB+(SO) @ @ - Under rating watch with negative implication Sidhi Vinayak Foundation

FB - TL

ICRA B

100

Reaffirmed Sizzling Beverages Pvt Ltd

Issuer Rating

ICRA D

-

- Reason for delay in carrying out periodic review: - Others (instrument put on notice of withdrawal for 30 days) St. George'S Education Society

LT – Fund Based/TL

ICRA BBB-

750

Reaffirmed Star Automobiles

Fund Based – CC

ICRA BBB-

250

Reaffirmed Star Automobiles (Mp) Ltd

Fund Based – Cash

ICRA BBB-

100

Reaffirmed

Credi Swaraj Suiting Pvt Ltd

LT - Fund Based/ CC ICRA BB+

110

Withdrawn (Issuer Not Cooperating) Swaraj Suiting Pvt Ltd

LT - Fund Based TL

ICRA BB+

390

Withdrawn (Issuer Not Cooperating) The Ramco Cements Ltd

TL

ICRA AA+

9000

Assigned (For the enhanced facilities) The Ramco Cements Ltd

LT fund based

ICRA AA+

7350

Outstanding The Winning Edge Agro Product

Fund based – CC

ICRA B+

60

Withdrawn (Issuer did not cooperate, based on best available information) The Winning Edge Agro Product

Fund based – TL

ICRA B+

33.5

Withdrawn (Issuer did not cooperate, based on best available information) The Winning Edge Agro Product

Unallocated limits

ICRA B+

2

Withdrawn (Issuer did not cooperate, based on best available information) Tirupathi Yarntex Spinners Pvt

LT, FB

ICRA B-

145

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Tirupathi Yarntex Spinners Pvt

LT, TL

ICRA B-

29

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Tirupathi Yarntex Spinners Pvt

LT, Non FB

ICRA B-

6

- Ltd (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Uniparts India Ltd

TL

ICRA A+

550

Reaffirmed Uniparts India Ltd

Unallocated Limits

ICRA A+

10

Reaffirmed Uniparts India Ltd

FB - Working Capital ICRA A+/A1+ 1725

Reaffirmed

Fac United Coke Pvt Ltd

Fund Based-CC

ICRA B+

-

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Vandana Timber Pvt. Ltd.

Vandana Timber Pvt. ICRA B+

20

-

Ltd. (Reason for delay in carrying out periodic review: Issuer not Cooperating) Vijay Builders & Constructions

LT - Fund Based/ CC ICRA BB

30

- Pvt Ltd (Rating continues to remain in the ‘Issuer Not Cooperating' category) Vijay Builders & Constructions

LT - Non-Fund Based ICRA BB

80

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

Fund based- Working ICRA BBB+

77.5

-

Capital Fac (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Visura (India) Ltd

LT - Fund based

ICRA B+

200

Reaffirmed Visura (India) Ltd

LT/ST - Non fund basedICRA B+/A4 55

Reaffirmed Visura (India) Ltd

LT/ST – Unallocated ICRA B+/A4 150

Reaffirmed Aasra Foundations

Fund based – TL

ICRA D

1123

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Aasra Foundations

Fund Based – CC

ICRA D

177

- (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Carrycon India Ltd

LT FB/CC

ICRA B

65

Withdrawn (Issuer not cooperating) Carrycon India Ltd

LT BG

ICRA B

33

Withdrawn (Issuer not cooperating) Carrycon India Ltd

LT Unallocated

ICRA B

3

Withdrawn (Issuer not cooperating) Chadha Sugars & Industries Ltd

CC

ICRA D

1098

Downgraded

from ICRA B (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Chadha Sugars & Industries Ltd

TL

ICRA D

1683.3 Downgraded

from ICRA B (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Chadha Sugars & Industries Ltd

LT Unallocated

ICRA D

404.6 Downgraded

from ICRA B (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Chadha Sugars & Industries Ltd

ST Non Fund Based

ICRA D

60

Downgraded

from ICRA A4 (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) New Asian Construction Company

Fund Based -

ICRA B

30

Reaffirmed

Overdraft facility New Asian Construction Company

Unallocated Limits

ICRA B /

110

Reaffirmed

ICRA A4 Shri Maa Polyfabs Ltd

Fund based-TL

ICRA BB+

350

Downgraded

from ICRA

BBB- and continues to remain in the ‘Issuer Not Cooperating' category (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Shri Maa Polyfabs Ltd

Fund based-CC

ICRA BB+

190

Downgraded

from ICRA

BBB- and continues to remain in the ‘Issuer Not Cooperating' category (Rating continues to remain under ‘ISSUER NOT COOPERATING' category) Sudhakara Infratech Pvt Ltd

FBL

ICRA BBB

250

Reaffirmed Sudhakara Infratech Pvt Ltd

Non-FBL

ICRA BBB

1060

Reaffirmed Sudhakara Infratech Pvt Ltd

Unallocated limits

ICRA

490

Reaffirmed

BBB/ICRA A3+ -------------------------------------------------------------------------------------------- $: 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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