Sep 24 - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd.
(ICRA) for local debt instruments as of September 23, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Hill Stone Ceramic Pvt Ltd Non-Fund Based BG ICRA A4 11 -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ibm India Pvt Ltd ST - Non-Fund based ICRA A1+ 200 Assigned
Japfa Comfeed India Pvt Ltd ST –Interchangeable^ ICRA A2 - Reaffirmed
(^: sublimit of cash credit facilities,)
Karnataka Power Corporation Ltd FB Short-TL ICRA A4+ 143000 Reaffirmed
Lakhotia Transport Co. Pvt. Ltd Non-fund based – BG/ ICRA A4+ - Reaffirmed
Sight LOC/ Usance LOC^
(removed from ISSUER NOT COOPERATING category.
^Sub-limit of cash credit)
Lubi Industries Llp EPC/PCFC/FBP/FBD/EBR ICRA A1+ - -
(Reason for delay in carrying out periodic review: - Review process is underway)
Lubi Industries Llp BG ICRA A1+ - -
(Reason for delay in carrying out periodic review: - Review process is underway)
Lubi Industries Llp LOC/Buyers Credit ICRA A1+ - -
(Reason for delay in carrying out periodic review: - Review process is underway)
Lubi Industries Llp LER ICRA A1+ - -
(Reason for delay in carrying out periodic review: - Review process is underway)
M/S B. P. Construction Non Fund Based – BG ICRA A4 65 -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Modern Agro-Tech Industries Non Fund Based – BG ICRA A4 5 -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Narendra Emporis Ltd Non Fund ICRA A4 - -
Based sublimit to CC
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Purbanchal Laminates Pvt Ltd Non-fund Based – ICRA A4 40 -
Import LOC cum Buyers
Credit
(Rating continues to remain under ‘Issuer Not Cooperating’ category)
Samasta Microfinance Ltd CP programme ICRA A1 5500 -
(Reason for delay in carrying out periodic review: - Review process is underway)
Sepal Tiles Pvt Ltd Non Fund based Letter ICRA A4 12.5 -
of guarantee
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Siddhraj Infrabuild Pvt. Ltd Non Fund based BG ICRA A4 13.2 -
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Svarn Infratel Pvt Ltd ST: Non-fund Based ICRA A3+ 320 -
(Reason for delay in carrying out periodic review: - Review process is underway)
The Ramco Cements Ltd ST fund based ICRA A1+ 2500 Reaffirmed
The Ramco Cements Ltd ST non-fund based ICRA A1+ 4850 Reaffirmed
The Ramco Cements Ltd CP ICRA A1+ 9000 Reaffirmed
LONG TERM RATINGS:
-------------------
Hill Stone Ceramic Pvt Ltd Fund based TL ICRA 30.1 -
B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Hill Stone Ceramic Pvt Ltd Fund based CC ICRA 35 -
B+(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Ibm India Pvt Ltd LT (Interchangeable) ICRA AAA - Assigned
(Stable)
Ibm India Pvt Ltd LT/ST – Proposed Fac ICRA AAA 1500 Assigned
(Stable) /
ICRA A1+
Japfa Comfeed India Pvt Ltd LT – Fund Based / TL ICRA 1200 Reaffirmed
BBB+(Stable)
Japfa Comfeed India Pvt Ltd LT – Fund Based / CC ICRA 900 Reaffirmed
BBB+(Stable)
Japfa Comfeed India Pvt Ltd LT – Interchangeable# ICRA - Reaffirmed
BBB+(Stable)
(#interchangeable with term loan facility)
Kalyani Developers LT - Unallocated Fac ICRA BBB+ 3600 Assigned
(Stable)
Karnataka Power Corporation Ltd FB Long-TL ICRA BB+ 173716.2 Reaffirmed
(Negative)
Karnataka Power Corporation Ltd FB CC ICRA BB+ 26365 Reaffirmed
(Negative)
Karnataka Power Corporation Ltd Non-fund based ICRA BB+ 1940 Reaffirmed
(Negative)
Krishna Tuff Pvt Ltd Fund based - CC ICRA B 15 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Krishna Tuff Pvt Ltd Fund Based - TL ICRA B 43.2 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Krishna Tuff Pvt Ltd Unallocated Limits ICRA B 11.8 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Lakhotia Transport Co. Pvt. Ltd Fund based – CC ICRA BB 420 Reaffirmed
(Outlook revised to Negative from Stable and removed from ISSUER NOT COOPERATING category)
Lakhotia Transport Co. Pvt. Ltd Fund based – Bill ICRA BB 40 Reaffirmed
Discounting
(Outlook revised to Negative from Stable and removed from ISSUER NOT COOPERATING category)
Lubi Industries Llp CC/Overdraft ICRA A+ 1150 -
(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Lubi Industries Llp Working Capital ICRA A+ - -
Demand Loan (Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
M/S B. P. Construction Fund Based – CC ICRA B+ 10 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
M/S B. P. Construction Untied Limits ICRA B+ 65 -
(Stable) /
ICRA A4
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Mehta & Associates Fire Fund based- CC ICRA D 40 -
Protection Systems Pvt Ltd:
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Mehta & Associates Fire Non Fund based BG ICRA D 80 -
Protection Systems Pvt Ltd:
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Mehta & Associates Fire Non Fund Based LOC ICRA D 22.5 -
Protection Systems Pvt Ltd:
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Modern Agro-Tech Industries Fund Based – TL ICRA B 35.5 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Modern Agro-Tech Industries Fund Based – CC ICRA B 25 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Modern Agro-Tech Industries Untied Limits ICRA B 34.5 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Narendra Emporis Ltd Fund Based- CC ICRA B+ 150 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Pr Packing Service LT FB limit ICRA D 150 -
(Downgraded from ICRA B+(Stable))
Pr Packing Service Unallocated limit ICRA D/ICRA 35 -
D
(Downgraded from ICRA B+(Stable)/ICRA A4)
Purbanchal Laminates Pvt Ltd FB – Working Capital ICRA B+ 77.5 -
Limit (Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain in the ‘Issuer Not
Cooperating’ category)
Purbanchal Laminates Pvt Ltd Fun-based – TL ICRA B+ 35.1 -
(Stable)
(Rating downgraded from ICRA BB- (Stable) and continues to remain under the ‘Issuer Not
Cooperating’ category)
Samasta Microfinance Ltd LT Bk lines ICRA 4000 -
A(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Samasta Microfinance Ltd NCDs ICRA 1250 -
A(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Sant Deepak Education And FB / CC ICRA D 17.5 -
Charitable Trust
(Rating moved to ‘Issuer Not Cooperating’ category)
Sant Deepak Education And FB / TL ICRA D 112.5 -
Charitable Trust
(Rating moved to ‘Issuer Not Cooperating’ category)
Sepal Tiles Pvt Ltd Fund Based- CC ICRA B- 30 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Sepal Tiles Pvt Ltd Fund based- TL ICRA B- 40.4 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Sepal Tiles Pvt Ltd Non Fund Based Inter ICRA B- - -
changeble (Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shantol Green Energy (India) Fund based - CC ICRA D 25 -
Pvt. Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Shantol Green Energy (India) Fund based - TL ICRA D 185 -
Pvt. Ltd
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Siddhraj Infrabuild Pvt. Ltd Fund Based- CC ICRA B 25 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Siddhraj Infrabuild Pvt. Ltd Fund based- TL ICRA B 30 -
(Stable)
(Rating continues to remain under the ‘Issuer Not Cooperating’ category)
Svarn Infratel Pvt Ltd LT: CC limits ICRA BBB 400 -
(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Svarn Infratel Pvt Ltd LT: TL ICRA BBB 100 -
(Stable)
(Reason for delay in carrying out periodic review: - Review process is underway)
Svarn Infratel Pvt Ltd Long / ST: ICRA BBB 10 -
Unallocated limits (Stable)/
ICRA A3+
(Reason for delay in carrying out periodic review: - Review process is underway)
The Ramco Cements Ltd NCDs ICRA AA+ 4000 -
(Stable)
(reaffirmed for existing facilities and assigned for enhanced facilities)
The Ramco Cements Ltd TL ICRA AA+ 19150 -
(Stable)
(reaffirmed for existing facilities and assigned for enhanced facilities)
The Ramco Cements Ltd LT fund based ICRA AA+ 7350 -
(Stable)
(reaffirmed for existing facilities and assigned for enhanced facilities)
The Ramco Cements Ltd LT unallocated ICRA AA+ 1850 -
(Stable)
(reaffirmed for existing facilities and assigned for enhanced facilities)
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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