Mar 9 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (ICRA) for local debt instruments as of March 8, 2017.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Guardian Castings Pvt Ltd ST: Non Fund Based BBB- 51 Assigned
Imcola (Exports) Ltd ST, FB Fac A1 300 Reassigned
Imcola (Exports) Ltd ST, Non-FBL A1 350 Reassigned
(revised from 84.78 CR)
Imcola (Exports) Ltd ST, Unallocated limits A1 497.8 Reassigned
(enhanced from nil CR)
Kachchh Veneers Pvt Ltd LOC A4 165 Reaffirmed
Maf Clothing Pvt Ltd ST- Non-FB Fac A3 300 Reaffirmed
Sharda Construction And ST: Fund based A3+ 100 Reaffirmed
Corporation Pvt Ltd
Sharda Construction And ST: Non Fund based A3+ 10 Assigned
Corporation Pvt Ltd
Shree Ajit Pulp And Paper Ltd ST Non-FBL A2+ 20 Reaffirmed
Soneri Marine Foods FB A4 50 Reaffirmed
EPC/FBD/FBP/PCFC/EBR
Soneri Marine Foods Non-fund based CEL A4 2 Reaffirmed
Tata Capital Financial ST Loans A1+ 8000 Reaffirmed
Services Ltd
Tata Capital Financial ST Debt Programme A1+ 100000 Reaffirmed
Services Ltd
LONG TERM RATINGS:
-------------------
Armania Agro Industries FBL B 73.5 Reaffirmed
Atlas Jewellery India Ltd Issuer Rating IrBBB- - Withdrawn
Au Financiers (India) Ltd NCD Programme A+ 4900 Assigned
Au Financiers (India) Ltd NCD Programme A+ 3000 Outstanding
Au Financiers (India) Ltd Subordinated Debt A+ 500 Outstanding
Programme
Au Financiers (India) Ltd Bk Lines A+ / 7250 Outstanding
A1+
Cholamandalam Investment & Fin PTC Series A1 AAA 1768.8 confirmed as
Co. Ltd (SO) final
Cholamandalam Investment & Fin Second Loss Facility A(SO) 67.2 confirmed as
Co. Ltd final
Fusion Microfinance Pvt Ltd PTC Series A1 81.2 Reaffirmed
A-(SO)
Fusion Microfinance Pvt Ltd PTC Series A2 B(SO) 26.6 Reaffirmed
Fusion Microfinance Pvt Ltd PTC Series A1 245.4 Reaffirmed
BBB+(SO)
Guardian Castings Pvt Ltd TL BBB- 35.8 Assigned
Guardian Castings Pvt Ltd LT: Fund based BBB- 330.5 Assigned
Guardian Castings Pvt Ltd LT/ST: Unallocated BBB- 32.7 Assigned
Intec Capital Ltd PTC Series A2 A-(SO) 16.3 Withdrawn
Intec Capital Ltd PTC Series A1 A+(SO) 372 Withdrawn
Janalakshmi Financial Services PTC Series A1 A+(SO) 750 Withdrawn
Pvt. Ltd.
Kachchh Veneers Pvt Ltd Unallocated Limits B+ / 5 Reaffirmed
A4
Lavu Educational Society FBL BB 724.9 Reaffirmed
Maf Clothing Pvt Ltd LT- FB Fac BBB- 400 Reaffirmed
Pon Pure Logistics Pvt Ltd LT, Fund Based BB+ 80 Assigned
Sharda Construction And TL BBB 740 Assigned
Corporation Pvt Ltd
Sharda Construction And LT: Fund based BBB 330 Reaffirmed
Corporation Pvt Ltd
Sharda Construction And LT: Non Fund Based A3+ 1000 Reaffirmed
Corporation Pvt Ltd
(enhanced from 55.00 CR)
Shree Ajit Pulp And Paper Ltd LT FBL A- 719.6 Reaffirmed
(enhanced from 61.48 CR)
Smile Microfinance Ltd. PTC Series A2 A-(SO) 7.2 Withdrawn
Smile Microfinance Ltd. PTC Series A1 A+(SO) 210.8 Withdrawn
Soneri Marine Foods FB TL B+ 3.2 Reaffirmed
Soneri Marine Foods Unallocated Limits B+ / 12 Reaffirmed
A4
Tata Capital Financial Perpetual Debt AA 5935.5 Reaffirmed
Services Ltd Programme
Tata Capital Financial NCDs Programme AA+ 58319.3 Reaffirmed
Services Ltd
Tata Capital Financial Subordinated Debt AA+ 9054.5 Reaffirmed
Services Ltd Programme
Tata Capital Financial LT FBL AA+ 122000 Reaffirmed
Services Ltd
Tata Capital Financial LT Loans AA+ 15000 Reaffirmed
Services Ltd
Tata Capital Financial LT NFBL AA+ 5000 Reaffirmed
Services Ltd
Tata Capital Financial NCDs Programme AA+ 6067 Withdrawn
Services Ltd
Tata Sons Ltd NCD AAA 5400 Withdrawn
Vinayak Nirman Pvt Ltd FBL B 150 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.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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