India Ratings for Indian debt instruments - Dec 1

Source : REUTERS
Last Updated: Thu, Dec 01, 2016 11:40 hrs

Dec 1 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of November 30, 2016. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Bla Infrastructure Pvt. Ltd. NFB WC Limit IND A4+ 140 Affirmed G.R. Infrastructure Pvt Ltd NFB WC Limit IND A4+ 25 Affirmed J M Mhatre Infra Pvt. Ltd. NFB WC Limit IND A4+ 1550 Affirmed Jubilant Consumer Pvt Ltd Fund Based WC Limit IND A3 50 Affirmed Kadam & Kadam Jewellers Pvt Ltd Fund Based WC Limit IND A4+ 600 Assigned Mantram Technofab Pvt. Ltd. NFB WC Limit IND A4+ 2.5 Affirmed Mehta Api Pvt Ltd Fund Based WC Limit IND A3 250 Affirmed Mehta Api Pvt Ltd NFB WC Limit IND A3 305 Affirmed Ozone Infra Projects Fund Based WC Limit IND A4+ 75 Affirmed Quality Care India Ltd CP IND A1+ 250 Assigned Renny Strips Pvt Ltd NFB WC Limit IND A4+ 50 Affirmed Rmg Polyvinyl India Ltd Fund Based WC Limit IND A2 110 Affirmed Rmg Polyvinyl India Ltd NFB WC Limit IND A2 179 Affirmed LONG TERM RATINGS: ------------------- Astonfield Solar (Gujarat) Pvt Bk Loan WD USD8.95 Withdrawn Ltd Astonfield Solar (Gujarat) Pvt TL WD 475.6 Withdrawn Ltd Bhanu Vyapaar Pvt Ltd NCD IND AA-(SO) 330 Affirmed Bla Infrastructure Pvt. Ltd. LT Issuer Rating IND BB- Downgraded IND BB Bla Infrastructure Pvt. Ltd. Fund Based WC Limit IND BB- 70 Downgraded IND BB Dev Infracity Pvt Ltd NCD IND AA-(SO) 550 Affirmed Emami Estates Pvt Ltd NCD IND AA-(SO) 650 Affirmed Emami High Rise Pvt Ltd NCD IND AA-(SO) 380 Affirmed G.R. Infrastructure Pvt Ltd LT Issuer Rating IND BB Downgraded from IND BBB G.R. Infrastructure Pvt Ltd Fund Based WC Limit IND BB 40 Downgraded from IND BBB G.R. Infrastructure Pvt Ltd NFB WC Limit IND BB 25 Downgraded from IND BBB G.R. Infrastructure Pvt Ltd TL IND BB 418.3 Downgraded from IND BBB Globiz Exim Pvt Ltd LT Issuer Rating WD Withdrawn Globiz Exim Pvt Ltd NFB WC Limit WD 1500 Withdrawn Globiz Exim Pvt Ltd NFB WC Limit WD 1500 Withdrawn India Standard Loan Trust - Series A PTC IND AA(SO) 458.96 Affirmed XVIII India Standard Loan Trust - Liquidity Facility IND AAA(SO) 8.04 Affirmed XVIII India Standard Loan Trust - Second Loss Credit IND BBB(SO) 42.2 Affirmed XVIII Facility J M Mhatre Infra Pvt. Ltd. LT Issuer Rating IND BB+ Upgraded from IND BB J M Mhatre Infra Pvt. Ltd. Fund Based WC Limit IND BB+ 700 Upgraded from IND BB J.G. Hosiery Pvt Ltd LT Issuer Rating WD Withdrawn J.G. Hosiery Pvt Ltd Fund Based WC Limit WD 1000 Withdrawn J.G. Hosiery Pvt Ltd Fund Based WC Limit WD 1000 Withdrawn J.G. Hosiery Pvt Ltd NFB WC Limit WD 49 Withdrawn J.G. Hosiery Pvt Ltd TL WD 182.3 Withdrawn Jubilant Consumer Pvt Ltd LT Issuer Rating IND BBB- Affirmed Jubilant Consumer Pvt Ltd Fund Based WC Limit IND BBB- 50 Affirmed Jubilant Consumer Pvt Ltd TL IND BBB- 2011.4 Affirmed Kadam & Kadam Jewellers Pvt Ltd LT Issuer Rating IND BB- Assigned Kadam & Kadam Jewellers Pvt Ltd Fund Based WC Limit IND BB- 600 Assigned Madras Fertilizers Ltd LT Issuer Rating WD Withdrawn Madras Fertilizers Ltd Fund Based WC Limit WD 1914 Withdrawn Madras Fertilizers Ltd Fund Based WC Limit WD 1914 Withdrawn Madras Fertilizers Ltd NFB WC Limit WD 1328 Withdrawn Madras Fertilizers Ltd NFB WC Limit WD 1328 Withdrawn Mantram Technofab Pvt. Ltd. LT Issuer Rating IND BB- Affirmed Mantram Technofab Pvt. Ltd. Fund Based WC Limit IND BB- 200 Affirmed Mantram Technofab Pvt. Ltd. TL IND BB- 89.52 Affirmed Mehta Api Pvt Ltd LT Issuer Rating IND BBB- Affirmed Mehta Api Pvt Ltd Fund Based WC Limit IND BBB- 250 Affirmed Mehta Api Pvt Ltd NFB WC Limit IND BBB- 305 Affirmed Mehta Api Pvt Ltd TL IND BBB- 20.91 Affirmed Mehta Api Pvt Ltd TL IND BBB- 15.15 Affirmed Mifl Securitisation Trust - X Series A1 PTC IND AA(SO) 170.02 Affirmed Mifl Securitisation Trust - X Series A2 PTC IND AA(SO) 5.26 Affirmed Mifl Securitisation Trust - X Liquidity Facility IND AAA(SO) 4.39 Affirmed Mifl Securitisation Trust - X Second Loss Credit IND BBB(SO) 19.44 Affirmed Facility Modest And Parsons LT Issuer Rating WD Withdrawn International Pvt Ltd Modest And Parsons Fund Based WC Limit WD 39.5 Withdrawn International Pvt Ltd Modest And Parsons Fund Based WC Limit WD 31.9 Withdrawn International Pvt Ltd Modest And Parsons TL WD 44.9 Withdrawn International Pvt Ltd Oragadam City Developers Pvt LtdLT Issuer Rating WD Withdrawn Oragadam City Developers Pvt LtdNFB WC Limit WD 100 Withdrawn Oragadam City Developers Pvt LtdTL WD 120 Withdrawn Ozone Infra Projects LT Issuer Rating IND BB- Affirmed Ozone Infra Projects Fund Based WC Limit IND BB- 75 Affirmed Pawan Hans Ltd LT Issuer Rating WD Withdrawn Pawan Hans Ltd Other WD 1700 Withdrawn Precision Infomatic (M) Pvt Ltd LT Issuer Rating WD Withdrawn Precision Infomatic (M) Pvt Ltd Fund Based WC Limit WD 190 Withdrawn Precision Infomatic (M) Pvt Ltd Fund Based WC Limit WD 190 Withdrawn Precision Infomatic (M) Pvt Ltd NFB WC Limit WD 60 Withdrawn Precision Infomatic (M) Pvt Ltd NFB WC Limit WD 60 Withdrawn Rajesh Estates And Nirman Pvt NCD IND AA(SO) 1000 Affirmed Ltd Rangoli International Pvt Ltd LT Issuer Rating WD Withdrawn Rangoli International Pvt Ltd Fund Based WC Limit WD 1600 Withdrawn Rangoli International Pvt Ltd Fund Based WC Limit WD 1600 Withdrawn Rangoli International Pvt Ltd NFB WC Limit WD 400 Withdrawn Rangoli International Pvt Ltd NFB WC Limit WD 400 Withdrawn Renny Strips Pvt Ltd LT Issuer Rating IND BB+ Affirmed Renny Strips Pvt Ltd Fund Based WC Limit IND BB+ 130 Affirmed Richa Industries Ltd LT Issuer Rating WD Withdrawn Richa Industries Ltd Fund Based WC Limit WD 950 Withdrawn Richa Industries Ltd Fund Based WC Limit WD 950 Withdrawn Richa Industries Ltd NFB WC Limit WD 420 Withdrawn Richa Industries Ltd NFB WC Limit WD 420 Withdrawn Richa Industries Ltd TL WD 573.2 Withdrawn Rmg Polyvinyl India Ltd LT Issuer Rating IND BBB+ Affirmed Rmg Polyvinyl India Ltd Fund Based WC Limit IND BBB+ 110 Affirmed Rmg Polyvinyl India Ltd TL IND BBB+ 144.3 Affirmed Satyamev Cot Fibers Pvt Ltd LT Issuer Rating IND BB Upgraded from IND B+ Satyamev Cot Fibers Pvt Ltd Fund Based WC Limit IND BB 60 Upgraded from IND B+ Satyamev Cot Fibers Pvt Ltd TL IND BB 3.32 Upgraded from IND B+ Segno Ceramics Pvt Ltd LT Issuer Rating WD Withdrawn Segno Ceramics Pvt Ltd Fund Based WC Limit WD 90 Withdrawn Segno Ceramics Pvt Ltd Fund Based WC Limit WD 90 Withdrawn Segno Ceramics Pvt Ltd TL WD 340 Withdrawn Shree Nathjee Roller Flour LT Issuer Rating WD Withdrawn Mills Ltd Shree Nathjee Roller Flour Fund Based WC Limit WD 650 Withdrawn Mills Ltd Shree Nathjee Roller Flour Fund Based WC Limit WD 650 Withdrawn Mills Ltd Shree Nathjee Roller Flour NFB WC Limit WD 100 Withdrawn Mills Ltd Shree Nathjee Roller Flour NFB WC Limit WD 100 Withdrawn Mills Ltd Silica Ceramica Pvt Ltd NCD IND A-(SO) 750 Provisional Silicon Drugs & Intermediates LT Issuer Rating WD Withdrawn Pvt Ltd Silicon Drugs & Intermediates Fund Based WC Limit WD 15 Withdrawn Pvt Ltd Silicon Drugs & Intermediates Fund Based WC Limit WD 15 Withdrawn Pvt Ltd Silicon Drugs & Intermediates NFB WC Limit WD 20 Withdrawn Pvt Ltd Silicon Drugs & Intermediates TL WD 15 Withdrawn Pvt Ltd Sneha Abasan Pvt Ltd NCD IND AA-(SO) 300 Affirmed Sneha Enclave Pvt Ltd NCD IND AA-(SO) 180 Affirmed Sowbhagya Ispat India Pvt Ltd LT Issuer Rating WD Withdrawn Sowbhagya Ispat India Pvt Ltd Fund Based WC Limit WD 150 Withdrawn Sowbhagya Ispat India Pvt Ltd Fund Based WC Limit WD 150 Withdrawn Sowbhagya Ispat India Pvt Ltd TL WD 49.4 Withdrawn Sravani Raw & Boiled Rice Mill LT Issuer Rating WD Withdrawn Sravani Raw & Boiled Rice Mill Fund Based WC Limit WD 27.5 Withdrawn Sravani Raw & Boiled Rice Mill Fund Based WC Limit WD 27.5 Withdrawn Sravani Raw & Boiled Rice Mill TL WD 20.8 Withdrawn Sri Saravana Spinning Mills Pvt LT Issuer Rating WD Withdrawn Ltd Sri Saravana Spinning Mills Pvt Fund Based WC Limit WD 2132.5 Withdrawn Ltd Sri Saravana Spinning Mills Pvt Fund Based WC Limit WD 2132.5 Withdrawn Ltd Sri Saravana Spinning Mills Pvt NFB WC Limit WD 52.5 Withdrawn Ltd Sri Saravana Spinning Mills Pvt TL WD 460.4 Withdrawn Ltd Suntrack Commerce Pvt Ltd NCD IND AA-(SO) 630 Affirmed Viva Merchants Pvt Ltd LT Issuer Rating WD Withdrawn Viva Merchants Pvt Ltd NFB WC Limit WD 500 Withdrawn Viva Merchants Pvt Ltd NFB WC Limit WD 500 Withdrawn Vodafone Mobile Services Ltd LT Issuer Rating IND AAA Assigned Vodafone Mobile Services Ltd NCD IND AAA 75000 Assigned ----------------------------------------------------------------------------------------------- Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the Fitch Group. The withdrawn criteria are now available on India Ratings' website at www.indiaratings.co.in $: 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 INDIA RATINGS 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; RWN- Rating Watch Negative; RWN- Rating Watch Evolve. (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at rru.data@thomsonreuters.com)



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