RPT-ICRA ratings for Indian debt instruments-Sep 30

(Repeating to add additional ratings)

Sep 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS: ICRA )) for local debt instruments as of September 27, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

-----

--------- SHORT TERM RATINGS: ------------------- Avni Energy Solutions Pvt Ltd

ST _ Fund Based

ICRA D

- Power Grid Corporation Of

ST non-FBL

- India Ltd Chandri Paper & Allied

ST Non-Fund Based

ICRA D

212.5 - Products Pvt Ltd (Rating continues to remain under ‘Issuer Not Cooperating' category) Jampana Construction Pvt Ltd

ST- Non-Fund Based

ICRA A+

- (Issuer Not Cooperating) Alpine Poly Rub Pvt Ltd

ST – Non-fund Based ICRA A4+

downgraded

from ICRA A3 (continues to remain under ‘Issuer Not Cooperating' category) Anthony Garments Pvt Ltd

ST – Fund Based

ICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Anthony Garments Pvt Ltd

ST – Non Fund Based ICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Automotive Axles (NS: ATOA ) Ltd

Non-fund Based –

ICRA A1+;

Reaffirmed

Working Capital Fac Bafna Ginning And Pressing Pvt

ST Non FB

ICRA A4

- Ltd (Continues to remain under the ‘Issuer Not Cooperating' category) Balaji Cellphone Pvt Ltd

Non Fund based BG

ICRA A4+

Withdrawn (‘Issuer Not Cooperating' ) Bhumi Cottex Industry Pvt Ltd

Non-fund based – BG ICRA A4

- (Rating continues to remain in the ‘Issuer Not Cooperating' category) Can Fin Homes (NS: CNFH ) Ltd

Bk Fac – ST

ICRA A1+

Outstanding Can Fin Homes Ltd

ICRA A1+

45000 Outstanding Cec Itd Cem Tpl Jv

CEC ITD CEM TPL JV

ICRA A1(CE) 2000

&^ (placed under rating watch with developing implication.^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and TATA Projects F&K Agro Pvt Ltd

ICRA A4+

Reaffirmed Fleur Hotels Pvt Ltd

ST NonFund Based

ICRA A2+&

- (placed on rating watch with developing implications) God Granites

ST – Fund Based

ICRA A4+

- (Review Under Process) God Granites

ST – Fund Based/Non ICRA A4+

Fund Based (Review Under Process) Govind Cable Industries

ST - NonFund Based

ICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Hikal Ltd

ST-Fund Based

ICRA A1

Reaffirmed Hikal Ltd

ST Non-fund Based

ICRA A1

Reaffirmed Hooghly Shipbreakers Ltd

ST – Non-Fund Based ICRA A4

- (moved to the ‘Issuer Not Cooperating' category) Intertex Pvt Ltd

ICRA A4+

Reaffirmed Itd Cemindia Jv

ST Non-FBL

ICRA A1(CE) 700

&^ (placed under rating watch with developing implication,^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and an undertakin Itd-Itd Cem Joint Venture (Itd

Non-FBL

ICRA A1(CE) 3000

- Jv)

&^ (placed under rating watch with developing implication,^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and an undertakin Mahindra Auto Steel Pvt Ltd

ST - Non Fund Based ICRA A1+

Reaffirmed Mahindra Intertrade Ltd

ST, Non-FBL

ICRA A1+;

Reaffirmed Master Capital Services Ltd

ST Bk Lines (non-fund ICRA A2

Reaffirmed

based) Megh And Ami Exports Pvt Ltd

Fund based sublimit ICRA A4

- Modern Industries

ST Non-fund Based

ICRA A3;

Revised from

ICRA A3+ Multichem Specialities Pvt Ltd

ST Non-Fund Based

ICRA A4

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

ST Unallocated

ICRA A4

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

Non-fund based – LOC ICRA A4

- (Rating moved to the ‘Issuer Not Cooperating' category) Mundra Investments Pvt Ltd

Non-fund based – BG ICRA A4

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

ST – Non Fund Based CCICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Perfect Engineering Associates

ST Non-Fundbased LOC ICRA A4

- Pvt Ltd (Rating moved to the ‘Issuer Not Cooperating' category) Power Grid Corporation Of

ICRA A1+

60000 outstanding India Ltd Power Grid Corporation Of

ST borrowing programmeICRA A1+

60000 outstanding India Ltd Prabhudas Lilladher Financial

ST fund based Bk Fac ICRA A2

downgraded Services Pvt Ltd

from ICRA A2+ Rama Overseas Ltd

ICRA A4

- (Rating downgraded from ICRA A4+ and continues to remain under the ‘Issuer Not Cooperating' category) Rama Overseas Ltd

Non FBL

ICRA A4

- (Rating downgraded from ICRA A4+ and continues to remain under the ‘Issuer Not Cooperating' category) Rama Overseas Ltd

Unallocated

ICRA A4

- (Rating downgraded from ICRA A4+ and continues to remain under the ‘Issuer Not Cooperating' category) Sabari Krishna Enterprise

ST - Non Fund Based ICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Shivalaya Construction Company

Non-FB Fac

ICRA A2

Revised from Pvt Ltd

ICRA A2+ Shivalaya Construction Company

ICRA A2

revised from Pvt Ltd

ICRA A2+ and

Withdrawn Sportking India Ltd

ST non-FB Bk Fac

ICRA A3+

756.1 - (Downgraded from ICRA A2) Sunstar Precision Forge Ltd

Non-fund Based

ICRA A4+

- (Rating downgraded from ICRA BBB (Stable) and continues to remain under ‘Issuer Not Cooperating' category) Synergy Ski Infradevelopment

Non-fund based – BG ICRA A4+

Withdrawn (Issuer Not Cooperating) Tata Capital Financial

ST Loans

ICRA A1+;

Reaffirmed Services Ltd Tata Capital Financial

ICRA A1+;

150000 Reaffirmed Services Ltd Tata Capital Ltd

CP Programme

ICRA A1+

20000 Reaffirmed Tata Cleantech Capital Ltd

CP Programme

ICRA A1+

20000 Reaffirmed Tata Petrodyne Ltd

ST Non- FBL

ICRA A1+&

- (placed under rating watch with developing implications) Wallmark Ceramic Industry

Non-fund Based – BG ICRA A4

- (Continues to remain under the ‘Issuer Not Cooperating' category) Abc Transformers Pvt Ltd

Non fund based – BG ICRA A4

25 Continues to remain under ‘Issuer Not Cooperating' category Agrawal Distilleries Pvt Ltd

ST – Non-Fund Based ICRA A4

Withdrawn Apcotex Industries Ltd

ST Non-FBL

ICRA A1+

Reaffirmed Bhartiya Micro Credit

MFI Grading

- Revised from M2 H R Builders

Non-FBL - BG

ICRA A4

238.1 Rating Continues to remain under the ‘Issuer Not Cooperating' category Munjal Auto Industries Ltd

ST Fund based

ICRA A1+

Reaffirmed Munjal Auto Industries Ltd

ST Non-fund based

ICRA A1+

166.4 Reaffirmed Munjal Auto Industries Ltd

ICRA A1+

Reaffirmed Saregama India Ltd

ICRA A1+

Reaffirmed Smt. Nandamuri Basava Taraka

Non-fund Based –

ICRA A2+

Reaffirmed Ramarao Memorial Cancer

Working Capital Fac Foundation Time Technoplast Ltd

CP Programme

ICRA A1+

Reaffirmed Transport Corporation Of India

ICRA A1+

Reaffirmed Ltd Uti Asset Management Co. Ltd

UTI Money Market Fund ICRA A1+mfs -

outstanding Uti Asset Management Co. Ltd

UTI Liquid Cash Plan ICRA A1+mfs -

outstanding Uti Asset Management Co. Ltd

UTI Overnight Fund

ICRA A1+mfs -

outstanding MEDIUM TERM RATINGS: ------------------- Can Fin Homes Ltd

Fixed Deposits

MAAA &

- (&Placed on Rating Watch with Developing Implications; Rated amount enhanced)

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

Fund based-TL

ICRA BB

(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Alpine Poly Rub Pvt Ltd

LT - Unallocated

Downgraded

BB+(Stable)

from ICRA

BBB- (Stable) (continues to remain under ‘Issuer Not Cooperating' category) Alpine Poly Rub Pvt Ltd

LT - Fund Based/ CC ICRA

Downgraded

BB+(Stable)

from ICRA

BBB- (Stable) (continues to remain under ‘Issuer Not Cooperating' category) Anant Promoters And Fincon Pvt

ST - Non Fund Based ICRA D

- Ltd (Continues to remain under the ‘Issuer Not Cooperating' category) Anthony Garments Pvt Ltd

LT - Fund based/TL

BB-(Stable); (Continues to remain under the ‘Issuer Not Cooperating' category) Anthony Garments Pvt Ltd

LT – Unallocated

BB-(Stable); (Continues to remain under the ‘Issuer Not Cooperating' category) Ashoka Distillers & Chemicals

LT – Fund Based/ CC ICRA BB+

downgraded Pvt Ltd

(Stable)

from ICRA

BBB- (Negative) (continues to remain under ‘Issuer Not Cooperating' category) Ashoka Distillers & Chemicals

LT - Fund based/ TL ICRA BB+

123.5 downgraded Pvt Ltd

(Stable)

from ICRA

BBB- (Negative) (continues to remain under ‘Issuer Not Cooperating' category) Ashoka Distillers & Chemicals

LT/ ShortTerm

ICRA BB+

106.5 downgraded Pvt Ltd

–Unallocated

(Stable) /

from ICRA

ICRA A4+

(Negative)/

ICRA A3 (continues to remain under ‘Issuer Not Cooperating' category) Asian Institute Of Oncology

Bk Fac

ICRA BB-

132.5 - Pvt. Ltd.

(Stable) /

ICRA A4 (Reason for delay in carrying out periodic review: - Review process is underway) Asopalav Developers

Fund based-TL

ICRA B+

(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Automotive Axles Ltd

Unallocated Limits

- Automotive Axles Ltd

Fund Based – TL

ICRA A+

Reaffirmed

(Stable); Automotive Axles Ltd

Fund Based – Working ICRA A+

Reaffirmed

Capital Fac

(Stable); Automotive Axles Ltd

Unallocated Limits

ICRA A+

Reaffirmed

(Stable); Avni Energy Solutions Pvt Ltd

LT _ CC

ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) (Continues to remain in the ‘Issuer Not Cooperating' category) Avni Energy Solutions Pvt Ltd

LT – Unallocated

ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) Avni Energy Solutions Pvt Ltd

ST – Non-Fund based ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) Bafna Ginning And Pressing Pvt

LT fund Based CC

- Ltd

B+(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Balaji Cellphone Pvt Ltd

FB -CC

ICRA BB+

Withdrawn

(Stable) (‘Issuer Not Cooperating' ) Barbrik Project Ltd

FB-TL

ICRA A-

(Stable) (Review process is underway) Barbrik Project Ltd

FB- Working Capital ICRA A-

(Stable) (Review process is underway) Barbrik Project Ltd

Non-fund based

ICRA A-

Working Capital Fac (Stable) (Review process is underway) Barbrik Project Ltd

LT- Unallocated limitsICRA A-

(Stable) (Review process is underway) Bhumi Cottex Industry Pvt Ltd

Fund based – CC

ICRA B+

(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bhumi Cottex Industry Pvt Ltd

Fund based – TL

ICRA B+

(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Bhumi Cottex Industry Pvt Ltd

Unallocated amount

ICRA B+

(Stable) /

ICRA A4 (Rating continues to remain in the ‘Issuer Not Cooperating' category) Cae Simulation Training Pvt Ltd

ICRA A

Reaffirmed

(Stable) Cae Simulation Training Pvt Ltd

LT-unallocated -

ICRA A

228.7 Reaffirmed

(Stable) Can Fin Homes Ltd

Bk Fac – LT

ICRA AA+ & 141000 - (&Placed on Rating Watch with Developing Implications; Rated amount enhanced) Can Fin Homes Ltd

NCD (NCD) Programme ICRA AA+ & 71000 - (&Placed on Rating Watch with Developing Implications; Rated amount enhanced) Can Fin Homes Ltd

Bk Fac – ST

ICRA AA+ & 3000

- (&Placed on Rating Watch with Developing Implications; Rated amount enhanced) Canary Hotels Pvt Ltd

LT Fundbased – TL

ICRA A-

(SO)& (placed on rating watch with developing implications) Cec Itd Cem Tpl Jv

LT (LT) / ST Non-FBL ICRA A(CE) 4500

&^/ ICRA

A1(CE) &^ (placed under rating watch with developing implication. .^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and TATA Projects Limited in the ratio of 60:40 respectively and an undertaking provided by the guarantors that it would ensure that the related debt obligations are serviced on or prior to the due date. Celsia Hotels Pvt Ltd

LT Fundbased – TL

ICRA A-

(SO)& (placed on rating watch with developing implications) Chandri Paper & Allied

LT Fundbased

ICRA D

- Products Pvt Ltd (Rating continues to remain under ‘Issuer Not Cooperating' category) Citizen Cars

LT - Fund Based/ CC ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) Citizen Cars

LT - Unallocated

ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) Dian Energy B.V.

ICRA A+(SO)& 200

- (placed under rating watch with developing implications) Dolly Exim Pvt Ltd

ICRA B

(Stable) (Issuer not cooperating) Dsg Corp Pvt Ltd

LT NonFund Based

B-(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Ds-Max

LT – TL

ICRA BB+

(Stable) (Review process is underway) Encarta Pharma Pvt Ltd

LT - Fund Based/ CC ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) F&K Agro Pvt Ltd

FB-TL

ICRA BB+

Reaffirmed

(Stable) F&K Agro Pvt Ltd

FB- Working Capital ICRA BB+

Reaffirmed

(Stable) Field Motor Pvt Ltd

Fund based-TL

B+(Stable) (Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer NotCooperating' category) Field Motor Pvt Ltd

Fund based-CC (e-DFS) ICRA

B+(Stable) (Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer NotCooperating' category.) Field Motor Pvt Ltd

Fund based-Ad-hoc

Cash Credit (e-DFS) B+(Stable) (Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer NotCooperating' category.) Field Motor Pvt Ltd

Fund based-CC (Spares ICRA

& Lubes)

B+(Stable) (Rating downgraded from ICRA BB+(Stable) and Continues to remain under ‘Issuer NotCooperating' category) Fleur Hotels Pvt Ltd

LT Fundbased – TL

ICRA A-&

- (placed on rating watch with developing implications) Fleur Hotels Pvt Ltd

LT NonFund Based

ICRA A-&

- (placed on rating watch with developing implications) God Granites

LT - Fund Based – CC ICRA

BB+(Stable) (Review Under Process) Goverdhan Transport Company

LT - Fund Based TL

- Pvt Ltd

BB+(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Govind Cable Industries

LT - Fund Based/ CC ICRA B

(Stable); (Continues to remain under the ‘Issuer Not Cooperating' category) Goyal Motocorp Pvt Ltd

FB CC

ICRA B

(stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Goyal Motocorp Pvt Ltd

FB-TL

ICRA B

(stable) (Continues to remain under the ‘Issuer Not Cooperating' category) H.M. Industrial Pvt Ltd

NCDs (NCD)

ICRA D

- (Rating continues to remain under ‘Issuer Not Cooperating' category) H.M. Industrial Pvt Ltd

Proposed NCDs (NCD) ICRA D

- (Rating continues to remain under ‘Issuer Not Cooperating' category) Haranai Sahakari Soot Girni

FB- Working Capital ICRA BB-

- Ltd.

(stable) (Issuer Not Cooperating) Haranai Sahakari Soot Girni

FB- TL (Proposed)

ICRA BB-

- Ltd.

(stable) (Issuer Not Cooperating) Haryana Seeds Development

Bk Loan ratings

ICRA BB+

- Corporation Ltd

(Stable) (Review process is underway) Hikal Ltd

FB-TL

ICRA A

Reaffirmed

(Stable); Hikal Ltd

FB- Working Capital ICRA A

Reaffirmed

(Stable); Hikal Ltd

LT: TL (USD million) ICRA A

153.6 Reaffirmed

(Stable); Hinduja Leyland Finance Ltd

Subordinated debt

AA-(Stable) (Review process is underway) Hooghly Shipbreakers Ltd

LT - Interchangeable ICRA B+

(Stable) (Downgraded from ICRA BB- (Stable) and moved to the ‘Issuer Not Cooperating' category) House Of Anita Dongre Ltd

LT/ST unallocated

ICRA A

Downgraded

(Negative)

from ICRA

/ ICRA A1

A+(Stable)/ICRA A1+ House Of Anita Dongre Ltd

LT/ST fundbased limitsICRA A

Downgraded

(Negative)

from ICRA

/ ICRA A1

A+(Stable)/ICRA A1+ House Of Anita Dongre Ltd

LT FB limits

Downgraded

A(Negative)

from ICRA

A+(Stable) Hyacinth Hotels Pvt Ltd

LT Fundbased – TL

ICRA A-

(SO) & (placed on rating watch with developing implications) Indian School Finance Company

NCD Programme

ICRA BBB-& 1305.5 Reaffirmed Pvt Ltd (& Under Rating Watch with Developing Implications) Indian School Finance Company

Bk Lines

ICRA BBB-& 400

Reaffirmed Pvt Ltd (& Under Rating Watch with Developing Implications) Indian School Finance Company

Issuer Rating

ICRA BBB-& -

Reaffirmed Pvt Ltd (& Under Rating Watch with Developing Implications) Inovoa Hotels And Resorts Ltd

LT Fundbased – TL

ICRA A-

348.6 -

(SO)& (placed on rating watch with developing implications) Intertex Pvt Ltd

ICRA BB

Reaffirmed

(Stable) Itd Cemindia Jv

LT (LT) Fund

ICRA A(CE) 4850

Based-Overdraft

&^ (placed under rating watch with developing implication,^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and an undertakin Itd Cemindia Jv

LT (LT) Fund

ICRA BBB+

Based-Working Capital (Stable);

Demand Loan (WCDL) (placed under rating watch with developing implication) Itd-Itd Cem Joint Venture (Itd

Fund Based-TL

ICRA A(CE) 480

- Jv)

&^ (placed under rating watch with developing implication, ^The rating is principally based on a corporate guarantee from ITD Cementation India Limited and an undertaking provided by the guarantor that it would ensure that the related debt obligations are serviced on or prior to the due date. The rated instrument does not involve a structured payment mechanism. Itd-Itd Cem Joint Venture (Itd

Fund Based-Working

ICRA BBB+ & 300

Downgraded Jv)

Capital

from ICRA

A(SO) (Stable) (placed under rating watch with developing implication) Itd-Itd Cem Joint Venture (Itd

Non-FBL

ICRA BBB+ & 50

Downgraded Jv)

from ICRA

A1(SO) (placed under rating watch with developing implication) Jampana Construction Pvt Ltd

LT- TL

ICRA BB+

(Stable) (Issuer Not Cooperating) Jampana Construction Pvt Ltd

LT- Fund Based- CC

ICRA BB+

(Stable) (Issuer Not Cooperating) Jampana Construction Pvt Ltd

LT/ST-

ICRA BB+

(Stable)/A4+ (Issuer Not Cooperating) Khandesh Roller Flour Mills

LT - Fund Based TL

Downgraded Pvt Ltd

B+(Stable)

from ICRA

BB+(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Khandesh Roller Flour Mills

LT - Fund Based/ CC ICRA

Downgraded Pvt Ltd

B+(Stable)

from ICRA

BB+(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Khandesh Roller Flour Mills

LT – Unallocated

Downgraded Pvt Ltd

B+(Stable)

from ICRA

BB+(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Klm Infra

LT, fund based: TL

ICRA B+

292.8 -

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Klm Infra

LT: Unallocated

ICRA B+

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Kshitij Kumar Choudhary

LT - NonFund Based

ICRA B+

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Kvr Projects Pvt Ltd

Bk loan Ratings

ICRA BB

(Negative)

/ICRA A4 (Reason for delay in carrying out periodic review: - Issuer delayed in giving information) Lakshminarasimha Warehousing

LT - Fund Based TL

B(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Lakshminarasimha Warehousing

LT - Unallocated

B(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Lemon Tree Hotels Ltd

LT Fundbased – TL

ICRA A-&

993.7 - (placed on rating watch with developing implications) Lemon Tree Hotels Ltd

LT/ ST – Fund Based ICRA A-&/

Working Capital

ICRA A2+& (placed on rating watch with developing implications) Lemon Tree Hotels Ltd

ST/ Shortterm –

ICRA A-&/

1334.8 -

Unallocated

ICRA A2+& (placed on rating watch with developing implications) M.D. Frozen Food Exports

LT Fund based/CC

ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports

LT Fund based/TL

ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports

LT Non- Fund based/BG ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports

LT Unallocated

ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports Pvt

LT Fund based/CC

ICRA D

- Ltd (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports Pvt

LT Non- Fund based/BG ICRA D

- Ltd (Continues to remain under the ‘Issuer Not Cooperating' category) M.D. Frozen Food Exports Pvt

LT Unallocated

ICRA D

267.5 - Ltd (Continues to remain under the ‘Issuer Not Cooperating' category) M/S. M. S. Engineering

Fund based-CC

ICRA B+

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Machilipatnam Urban

Rating Without

ICRA B+

- Development Authority

Explicit Credit

Enhancement Machilipatnam Urban

Unallocated

Provisional 13850 - Development Authority

ICRA A-

(CE) (Negative) (revised from Provisional ICRA A (SO) (Stable)) Mahindra Auto Steel Pvt Ltd

LT - Fund Based CC

ICRA A+

Reaffirmed

(Stable) Mahindra Auto Steel Pvt Ltd

LT - Fund Based TL

ICRA A+

Reaffirmed

(Stable) Mahindra Auto Steel Pvt Ltd

LT - Non Fund Based ICRA A+

Reaffirmed

(Stable) Mahindra Auto Steel Pvt Ltd

LT – Interchangeable ICRA A+

Reaffirmed

(Stable) Mahindra Intertrade Ltd

LT, FB Limits

ICRA AA+

Reaffirmed

(Stable); Megh And Ami Exports Pvt Ltd

Fund based – CC

ICRA B+

(Stable) (# includes Rs. 3.50 crore Packing Credit/Pre-shipment credit in foreign currency/ sub-limit of Cash credit) Miraj Metals

Fund Based – CC

ICRA D

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

Non-fund Based – LOC ICRA D

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

LT FB – CC

Revised from

BBB-(Stable)

ICRA BBB

(Stable) Modern Industries

LT – Unallocated

Revised from

BBB-(Stable)

ICRA BBB

(Stable) Mtar Technologies Pvt. Ltd.

Non-Fund Based

ICRA BBB-

Assigned

(Stable) /

ICRA A3 Mtar Technologies Pvt. Ltd.

Fund based/ CC

Assigned

BBB-(Stable) Mukta Industries Pvt Ltd

FB Bill Discounting -

Limits Mukta Industries Pvt Ltd

FB – CC

ICRA D

Downgraded

from ICRA

BB- (Stable) Mukta Industries Pvt Ltd

Non-fund Based – LOC ICRA D

Downgraded

from ICRA A4 Mukta Industries Pvt Ltd

Unallocated Limits

ICRA D /

Downgraded

ICRA D

from ICRA

BB-(Stable)/

ICRA A4 Multichem Specialities Pvt Ltd

LT Interchangeable

B+(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Mundra Investments Pvt Ltd

Fund based – TL

B+(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Mundra Investments Pvt Ltd

Fund Based – CC

B+(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) N.K Trading Co

LT - Fund Based CC

ICRA B+

(Stable) (Continues to remain in the ‘Issuer Not Cooperating' category) N.K Trading Co

LT / ST - Unallocated ICRA

B+(Stable)

/ ICRA A4 (Continues to remain in the ‘Issuer Not Cooperating' category) Namasthetu Infratech Pvt Ltd

Fund based-CC

ICRA B

(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Namasthetu Infratech Pvt Ltd

Fund based-

ICRA B

Unallocated Limit

(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) National (India) Contractors &

LT FB CC

ICRA D

Reaffirmed Engineers National (India) Contractors &

LT/ST Non-FB

ICRA D/ICRA 185

Reaffirmed Engineers

D New Citizen Cars

LT - Fund Based/ CC ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) New Citizen Cars

LT - Unallocated

ICRA D

- (Continues to remain in the ‘Issuer Not Cooperating' category) Nhpc Ltd

LT / ST, Fundbased FacICRA BBB / 1999.5 Reaffirmed

ICRA A3+ (outlook revised to Negative from Stable) Nitasha Constructions

LT - Fund Based CC

B(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Oriole Dr. Fresh Hotels Pvt Ltd

LT Fundbased – TL

ICRA A-

248.3 -

Hotels Private Limited(SO)& (placed on rating watch with developing implications) Parsons Nutritionals Pvt Ltd

ICRA BBB

(Stable) (Issuer delayed in providing information) Parsons Nutritionals Pvt Ltd

Working Capital

ICRA BBB

(Stable) (Issuer delayed in providing information) Perfect Engineering Associates

LT FB Overdraft

- Pvt Ltd

B-(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Perfect Engineering Associates

LT Non-fundbased BG ICRA

- Pvt Ltd

B-(Stable) (Rating moved to the ‘Issuer Not Cooperating' category) Piccadily Holiday Resorts Ltd

LT FB Term-Loan

Downgraded

BB+(Stable)

from ICRA

BBB (Stable) (continues to remain under ‘Issuer Not Cooperating' category) Power Grid Corporation Of

Working capital loan -

- India Ltd Power Grid Corporation Of

LT bonds programme

ICRA AAA

1164229.outstanding India Ltd

(stable) Power Grid Corporation Of

LT loans

ICRA AAA

453562.2outstanding India Ltd

(stable) Power Grid Corporation Of

LT/ST Fund

ICRA AAA

57000 Assigned India Ltd

based/Non-FBL

(stable)/A1+ Prakash Steel Corporation

FB - TL

ICRA D

- Prakash Steel Corporation

FB - CC

ICRA D

Downgraded

from ICRA

BB- (Stable) Prakash Steel Corporation

Non-fund Based – LOC^ ICRA D

Downgraded

from ICRA A4 (^Sublimit of cash credit facility) Prakash Steel Corporation

Unallocated Limits

ICRA D /

Downgraded

ICRA D

from ICRA

BB- (Stable)/ICRA A4 Prathima Institute Of Medical

Bk loan Ratings

ICRA BBB

- Sciences

(Stable) /

ICRA A3+ (Review process is underway) Rajalaxmi Education Trust

LT - Fund Based TL

ICRA]BB-

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Rajnish Steels

ICRA B+

(Stable) /

ICRA A4 (Reason for delay in carrying out periodic review: Issuer not cooperating) Rayani Spintex Pvt Ltd

LT - Fund Based CC

ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Rayani Spintex Pvt Ltd

LT - Fund Based TL

ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Rayani Spintex Pvt Ltd

LT – Non fund based ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Rayani Spintex Pvt Ltd

LT - Unallocated

ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Sabari Krishna Enterprise

LT Fund based/CC

ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Sabari Krishna Enterprise

LT - Unallocated

ICRA B

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Saileela Processors Pvt Ltd

LT - Fund Based/ CC ICRA BB-

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Saileela Processors Pvt Ltd

LT - Fund Based TL

ICRA BB-

(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Saraswati Education Society

LT - FB

ICRA D

- Kharghar (Rating continues to remain in the ‘Issuer Not Cooperating' category) Saraswati Education Society

LT - TL

ICRA D

412.5 - Kharghar (Rating continues to remain in the ‘Issuer Not Cooperating' category) Shivalaya Construction Company

FB - CC

ICRA BBB+

Revised from Pvt Ltd

(Stable)

A-(Negative) Shreepati Castle

LT - Fund Based TL

ICRA D

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

LT FB Bk Fac

4944.8 -

BBB(Stable) (Downgraded from ICRA BBB+ (Stable)) Sportking India Ltd

Unallocated Bk Fac

299.1 -

BBB(Stable) (Downgraded from ICRA BBB+ (Stable)) Sri Lakshmi Satyanarayana Raw

LT - Fund Based -CC ICRA D

Revised from & Boiled Rice Mill

BB-(Stable) Sri Lakshmi Satyanarayana Raw

LT- Unallocated

ICRA D

Revised from & Boiled Rice Mill

BB-(Stable) Sri Ram Spinning Mills Ltd

LT - Fund Based/ CC ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Ram Spinning Mills Ltd

LT - Fund Based/ CC ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Ram Spinning Mills Ltd

LT - Fund Based TL

ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Ram Spinning Mills Ltd

ST - Non Fund Based ICRA D

- (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Ram Spinning Mills Ltd

LT / ST - Unallocated ICRA D /

132.3 -

ICRA D (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Satya Bhaskara Poultry Farm

FBL- CC

Assigned

B+(Stable) Sri Satya Bhaskara Poultry Farm

Unallocated limits

Assigned

B+(Stable) Sri Venkateswara Rice Mill

LT - Fund Based/ CC ICRA B+

(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Sri Venkateswara Rice Mill

LT - Fund Based TL

ICRA B+

(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Sri Venkateswara Rice Mill

LT - Unallocated

ICRA B+

(Stable) (Rating continues to remain in the ‘Issuer Not Cooperating' category) Sri Venkateswara Warehousing

LT - Fund Based TL

B(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Sri Venkateswara Warehousing

LT - Unallocated

B(Stable) (Continues to remain under the ‘Issuer Not Cooperating' category) Sukhsagar Complexes Pvt Ltd

LT Fundbased – TL

ICRA A-

(SO)& (placed on rating watch with developing implications) Sunstar Precision Forge Ltd

FB – CC

ICRA BB+

(Stable) (Rating downgraded from ICRA BBB (Stable) and continues to remain under ‘Issuer Not Cooperating' category) Sunstar Precision Forge Ltd

FB – TL

ICRA BB+

(Stable) (Rating downgraded from ICRA BBB (Stable) and continues to remain under ‘Issuer Not Cooperating' category) Sunstar Precision Forge Ltd

Unallocated Limits

ICRA BB+

(Stable) (Rating downgraded from ICRA BBB (Stable) and continues to remain under ‘Issuer Not Cooperating' category) Synergy Ski Infradevelopment

Fund based – CC

ICRA BB

Withdrawn

(Stable) (Issuer Not Cooperating) Tata Capital Financial

LT/ST – Fund

200000 Reaffirmed Services Ltd

based/Non-fund based (Stable) /

ICRA A1+ Tata Capital Financial

Perpetual Debt

ICRA AA+

10865.5 Reaffirmed Services Ltd

Programme

(Stable); Tata Capital Financial

NCD programme

ICRA AAA

132934.5Reaffirmed Services Ltd