(Repeating to add more Ratings.) Nov 12 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of November 06,07,08&09 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Ars Steels And Alloy ST: Non-FB Fac ICRA A2 1060 Upgraded International Pvt Ltd from ICRA A3 Asian Food Industries PSR Limit^ ICRA A3 100 Assigned ^ PCFC-Packing Credit in Foreign Currency, FBD-Foreign Bill Discounting, PSR-Pre Settlement Risk Aspire Home Finance CP Programm ICRA A1+ 10000 Outstanding Corporation Ltd Autometers Energitec Ltd Non-fund based ICRA A4 45 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Autometers Energitec Ltd ST Interchangeable ICRA A4 10 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Azim Premji Trus CP Programme ICRA A1+ 20000 Reaffirmed Buldana Urban Management MFI Grading M3 - Assigned Services Pvt. Ltd. Garg Industries Ltd Non-FBL ICRA A4 20 - Rating continues to remain under ‘Issuer Not Cooperating’ category Hasham Investment &Trading CP Programme ICRA A1+ 10000 Reaffirmed Company Pvt Limite Indotech Transformers Ltd ST –Non-fund based ICRA A3 740 Reaffirmed Indotech Transformers Ltd ST –Un allocated ICRA A3 120 Reaffirmed Limits Karan Development Services ST Non-fund Based ICRA A4 577.8 Reaffirmed Pvt. Ltd Mahindra Intertrade Ltd ST, Non-FBL ICRA A1+ 3750 Assigned / Outstanding Mahindra Steel Service Centre ST -Non Fund Based ICRA A1+ 1600 Assigned / Ltd Outstanding Marikar (Motors) Ltd ST -Fund Based ICRA A4+ 101 Reaffirmed (Removed from ‘Issuer Not Cooperating’ category) Pricol Ltd (Erstwhile Pricol ST –Non-fundbased ICRA A2 210 Outstanding Pune Ltd) Pricol Ltd (Erstwhile Pricol ST – Non -fundbased- ICRA A2 - Outstanding Pune Ltd) sublimit Mandovi Casting Pvt Ltd ST NFBL ICRA A4 46.1 Reaffirmed Removed from ‘Issuer Not Co-operating’ category Sharp Travels (India) Ltd Non-fund Based ICRA A4 2.5 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Srei Equipment Finance Ltd CP ICRA A1+ 10000 Outstanding Standard Consultants Ltd ST –Non-fund based ICRA A4 150 - (Rating continues to remain under ‘IssuerNot Cooperating’ category) Tara Exports ST –FB ICRA A4 230 Reaffirmed Tarish Investment And Trading CP Programme ICRA A1+ 5000 Reaffirmed Company Pvt Ltd Veto Switchgears And Cables Ltd Non-FBL ICRA A2 100 Assigned Vijayalaxmi Cashew Company ST Fund based ICRA A3 3480 - (Reason for delay in carrying out periodic review:Review process underway) Vijayalaxmi Cashew Company ST Unallocated ICRA A3 120 - (Reason for delay in carrying out periodic review:Review process underway) LONG TERM RATINGS: ------------------- Ars Steels And Alloy LT, FB Fac ICRA BBB 290 Upgraded International Pvt Ltd from ICRA BBB- Ars Steels And Alloy LT, ProposedTL ICRA BBB 350 Upgraded International Pvt Ltd from ICRA BBB- Asian Food Industries Export Packing ICRA BBB- 1650 Assigned Credit/PCFC/FBD^^ ^^ includes Rs. 41.00 crore as sublimit in the form of CC and Rs. 25.00 crore in the form of overdraft Aspire Home Finance Bk Lines Programme ICRA A+ 30000 Outstanding Corporation Ltd Aspire Home Finance NCD Programme ICRA A+ 19000 Outstanding Corporation Ltd Aspire Home Finance Subordinated Debt ICRA A+ 1000 Outstanding Corporation Ltd Programme Aspire Home Finance Market Linked PP-MLDICRA 1000 Assigned Corporation Ltd Debenture Programme A+ Aspire Home Finance Market Linked PP-MLDICRA 3000 Outstanding Corporation Ltd Debenture Programme A+ Autometers Energitec Ltd CC ICRA BB- 55 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Autometers Energitec Ltd LT Interchangeable ICRA BB- - - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Bharat Financial Inclusion Ltd PTC Series A1 Provisional 4040.9 Assigned - Indian Microfinance Loan ICRA AA Receivablestrust November 2018 A Bitcon India Infrastructure LT: Fund based ICRA BBB- 75 Withdrawn Developers Pvt Ltd Bitcon India Infrastructure LT: Non-fund based ICRA BBB- 900 Withdrawn Developers Pvt Ltd Cholamandalam Investment And PTC Series A ICRA AAA - Withdrawn Finance Companyltd - Platinum Trust June 2016 Eastman Mettcast Ltd CC ICRA C+ 150 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Eastman Mettcast Ltd TL ICRA C+ 20 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Garg Industries Ltd FB limits ICRA B 220 - Rating continues to remain under ‘Issuer Not Cooperating’ category Govindbhawan -Karyalaya Fund based-TL ICRA BB 65 Reaffirmed Govindbhawan -Karyalaya Fund Based-CC ICRA BB 75 Reaffirmed Hyderabad Metropolitan Water LT Unallocated ICRA BB+ 10000 Assigned Supply Andsewerage Board Indotech Transformers Ltd LT –Fund based / CC ICRA BBB- 65 Reaffirmed Indotech Transformers Ltd Issuer Rating ICRA BBB- - Reaffirmed International Fresh Farm CC ICRA D 130 - Products India Ltd (Rating moved to ‘Issuer Not Cooperating’ category) International Fresh Farm TL ICRA D 170 - Products India Ltd (Rating moved to ‘Issuer Not Cooperating’ category) Jk Paper Ltd LT FB ICRA A 1220 Withdrawn Jk Paper Ltd LT unallocated ICRA A 280 Withdrawn Karan Development Services LT FB CC ICRA BB- 56.5 Reaffirmed Pvt. Ltd Karan Development Services LT FB TL ICRA BB- 43.5 Reaffirmed Pvt. Ltd Karan Development Services LT/ ST -Unallocated ICRA BB-/A4 302.2 Reaffirmed Pvt. Ltd Krishnaiah Motors Pvt Ltd Fund based -CC ICRA BB- 150 Upgraded from ICRA B+ removed from Issuer not cooperating category Mandovi Casting Pvt Ltd LT FBL ICRA B 27.6 Downgraded from ICRA BB- Removed from ‘Issuer Not Co-operating’ category Mandovi Casting Pvt Ltd Unallocated limit ICRA B 4.4 Downgraded / /ICRA A4 Reaffirmed Removed from ‘Issuer Not Co-operating’ category Krishnaiah Motors Pvt Ltd Unallocated Limits ICRA BB- 95 Upgraded from ICRA B+ removed from Issuer not cooperating category Mahindra Intertrade Ltd LT, FB Limits ICRA AA+ 400 Assigned / Outstanding Mahindra Steel Service Centre LT -Fund Based / CC ICRA AA- 650 Assigned / Ltd Outstanding Mahindra Steel Service Centre LT -Fund Based TL ICRA AA- 500 Assigned / Ltd Outstanding Mahindra Steel Service Centre LT–Unallocated ICRA AA- - Assigned / Ltd Outstanding Mann Mediciti Wellness Centre CC ICRA B 58 - Pvt Ltd (Reason for delay in carrying out periodic review:-Issuer not cooperating) Mann Mediciti Wellness Centre Unallocated ICRA B 15 - Pvt Ltd (Reason for delay in carrying out periodic review:-Issuer not cooperating) Marikar (Motors) Ltd LT -Fund Based/ CC ICRA BB+ 140 Reaffirmed (Removed from ‘Issuer Not Cooperating’ category) Marikar (Motors) Ltd LT -Fund Based TL ICRA BB+ 35 Reaffirmed (Removed from ‘Issuer Not Cooperating’ category) Marikar (Motors) Ltd LT / ST –Unallocated ICRA BB+/A4+ 24 Reaffirmed (Removed from ‘Issuer Not Cooperating’ category) Muthoot Capital Services Ltd - PTC Series A2 ICRA AA- - Withdrawn Quetzal Cv Ifmr Capital 2017 Pricol Ltd (Erstwhile Pricol LT –TL ICRA BBB+ 316.6 Outstanding Pune Ltd) Pricol Ltd (Erstwhile Pricol LT – Fund based ICRA BBB+ 1450 Outstanding Pune Ltd) Pricol Ltd (Erstwhile Pricol LT – unallocated ICRA BBB+ 773.4 Outstanding Pune Ltd) Pyrotech Workspace Solutions Fund based –Overdraft ICRA BB- 120 Revised from Pvt Ltd ICRA BB Pyrotech Workspace Solutions Non-fund based–BG ICRA BB- 195 Revised from Pvt Ltd ICRA BB Pyrotech Workspace Solutions Unallocated ICRA BB- 35 Revised from Pvt Ltd ICRA BB Regen Infrastructure And Fund Based Bk Limits ICRA D 200 Revised from Services Pvt Ltd (LT) ICRA C Regen Infrastructure And Non-Fund Based Bk ICRA D/D 200 Revised from Services Pvt Ltd Limits (LT / ST) ICRA C/A4 Sharp Travels (India) Ltd Fund Based-CC ICRA BB- 97.5 - (Rating continues to remain in the ‘Issuer Not Cooperating’ category) Shl Agro Foods Inc CC ICRA BB- 65 - (Rating continues to remain in the‘Issuer Not Cooperating’ category) Shl Agro Foods Inc TL ICRA BB- 71.9 - (Rating continues to remain in the‘Issuer Not Cooperating’ category) Shree Sangameswara Electricals FBL ICRA D 30 - (Downgraded to ICRA D from ICRA B+ (Stable) and reassigned to ICRA C+) Shree Sangameswara Electricals Non FB limits ICRA D 70 - (Downgraded to ICRA D from ICRA A4 and reassigned to ICRA A4) Standard Consultants Ltd LT-Fund based-CC ICRA B+ 70 - (Rating continues to remain under ‘IssuerNot Cooperating’ category) Sunstar Overseas Ltd FBL ICRA D 5684.5 - Rating continues to remain under ‘Issuer Not Cooperating’ category Sunstar Overseas Ltd TL ICRA D 2114.4 - Rating continues to remain under ‘Issuer Not Cooperating’ category Sunstar Overseas Ltd Unallocated Limits ICRA D 451.1 - Rating continues to remain under ‘Issuer Not Cooperating’ category Swarnodhayam Credits Pvt Ltd LT Bk Fac ICRA BB- 200 Assigned Tara Exports LT/ST –Unallocated ICRA B+/A4 20 Reaffirmed Tara Foods LT/ST –Unallocated ICRA B+/A4 120 Reaffirmed Veto Switchgears And Cables Ltd FBL ICRA BBB+ 431 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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