(Repeating to add more ratings)
Jul 24 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating
Agency Ltd. (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 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 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.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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