May 25 (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 May 24, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
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------
------ --------- SHORT TERM RATINGS: ------------------- Ambience Constructions India LtdNon-FB Fac
IND A4+
120
Assigned Artemis Auto India Pvt Ltd
Non-FB WC limits
IND A4+
30
Maintained in
Non
Cooperating
Category Ashok Bricks Industries Pvt Ltd Non FB limit
IND A4+
200
Maintained in
Non
Cooperating
Category Canon Engineering Constructions Non-FB WC limits
IND A4
40
Maintained in
Non
Cooperating
Category Canon Engineering Constructions Proposed non-FB WC
Provisional IND 50
Maintained in
limits
A4
Non
Cooperating
Category D And M Cables Pvt Ltd
Non-FB WC limit
IND A4
15
Maintained in
Non
Cooperating
Category Gaurav Earthmoving Equipments NFB WC limits
IND A3
0.5
Upgraded Pvt Ltd Gem Motors (I) Pvt Ltd
Non-FB limit
IND A4
50
Maintained in
Non
Cooperating
Category Kamakshya Agro Products Pvt Ltd Non-FB WC limit
IND A4+
1.2
Maintained in
Non
Cooperating
Category Kay Em Copper Pvt Ltd
Non-FB BG
IND A4+
10
Maintained in
Non
Cooperating
Category Kay Em Copper Pvt Ltd
Non-FB LOC
IND A4+
90
Maintained in
Non
Cooperating
Category Kay Em Copper Pvt Ltd
FC/CEL
IND A4+
2
Maintained in
Non
Cooperating
Category Mishrilal Associates Pvt Ltd
Non-FB WC limit
IND A4
50.25
Maintained in
Non
Cooperating
Category R V Plastic Ltd
Non-FB BG
IND A4
70
Maintained in
Non
Cooperating
Category Reliance Infrastructure Ltd (NS:RLIN)
CP#
IND A1+(SO)
5
Affirmed # Backed by an irrevocable, unconditional and non-transferable standby letter of credit of ICICI Bank (NS:ICBK) Ltd (ICICI, Fitch Ratings Ltd: Issuer Default Rating: BBB-/Stable/F3). The payment mechanism, as defined in the transaction documents, provides for the payment through the invocation of the standby letter of credit to the beneficiary's account before/on the due date of the proposed CP. Shiv Build India Pvt Ltd
Non-FB WC limits
IND A4+
150
Maintained in
Non
Cooperating
Category Vectus Industries Ltd
Non-FB WC
IND A1
20
Upgraded LONG TERM RATINGS: ------------------- Aditya Prints Pvt Ltd
FB WC limits (LT)
IND D
162.5
Maintained in
Non
Cooperating
Category Aditya Prints Pvt Ltd
Non-FB WC limits (ST) IND D
6.4
Maintained in
Non
Cooperating
Category Aditya Prints Pvt Ltd
TL (LT)
IND D
273.4
Maintained in
Non
Cooperating
Category Ambience Constructions India LtdFB WC Fac
IND BB
50
Assigned American Express (NYSE:AXP) Banking Corp Fixed deposit programmeIND tAAA
1.25
Affirmed Artemis Auto India Pvt Ltd
FB WC limits
IND BB / IND A4+ 112.5
Maintained in
Non
Cooperating
Category Ashok Bricks Industries Pvt Ltd FB limit
IND BB+
140
Maintained in
Non
Cooperating
Category Ashok Bricks Industries Pvt Ltd TL
IND BB+
100
Maintained in
Non
Cooperating
Category Canon Engineering Constructions FB WC limits
IND B+ /IND A4 20
Maintained in
Non
Cooperating
Category Canon Engineering Constructions Proposed FB WC limits Provisional
10
Maintained in
B+/Provisional
Non
IND A4
Cooperating
Category Crave Clothing Company Pvt Ltd FB WC limits
IND B+
160
Maintained in
Non
Cooperating
Category Crave Clothing Company Pvt Ltd TL
IND B+
19
Maintained in
Non
Cooperating
Category D And M Cables Pvt Ltd
FB WC limit
IND B+/IND A4
60
Maintained in
Non
Cooperating
Category Dhalavai Pathra Kaliamman
LT loan
IND BB-
9.33
Migrated to Modern Rice Mill
Non
Cooperating
Category Dhalavai Pathra Kaliamman
FB Fac
IND BB-/IND A4+ 40
Migrated to Modern Rice Mill
Non
Cooperating
Category Fair N Flair Garments
FB WC limits
IND B+
430
Migrated to
Non
Cooperating
Category Fair N Flair Garments
TL
IND B+
20.1
Migrated to
Non
Cooperating
Category Flair Garments (P) Ltd
FB limits
IND BB-
20
Migrated to
Non
Cooperating
Category Flair Garments (P) Ltd
Long-TL
IND BB-
37.4
Migrated to
Non
Cooperating
Category Gaurav Earthmoving Equipments FB WC limits
IND BBB-
180
Upgraded Pvt Ltd (reduced from INR185) Gem Motors (I) Pvt Ltd
FB limit
IND B
150
Maintained in
Non
Cooperating
Category Gem Motors (I) Pvt Ltd
Proposed FB limits
Provisional IND B150
Maintained in
Non
Cooperating
Category Ghazipur Nagar Palika Parishad Issuer rating
IND BB-
-
Withdrawn Gorakhpur Nagar Nigam
LT Issuer Rating
IND BBB-
Withdrawn Gowthami Infratech Pvt Ltd
FB WC limits (LT and IND D
62
Maintained in
ST )
Non
Cooperating
Category Gowthami Infratech Pvt Ltd
Non-FB WC limits (ST) IND D
455.4
Maintained in
Non
Cooperating
Category Gowthami Infratech Pvt Ltd
TL (LT)
IND D
50
Maintained in
Non
Cooperating
Category H D Motors
LT loan
IND B-
30
Maintained in
Non
Cooperating
Category H D Motors
FB Fac
IND B-/IND A4
50
Maintained in
Non
Cooperating
Category Kalyanalakshmi Shopping Mall
FB WC limits
IND B+/IND A4
85
Migrated to
Non
Cooperating
Category Kalyanalakshmi Shopping Mall
Proposed FB WC limits Provisional IND 35
Migrated to
B+ /
Non
Provisional IND A4
Cooperating
category Kamakshya Agro Products Pvt Ltd FB WC limit
IND BB
40
Maintained in
Non
Cooperating
Category Kamakshya Agro Products Pvt Ltd Long-TL
IND BB
20.87
Maintained in
Non
Cooperating
Category Karnataka Cooperative Milk
Fund-/non-FB WC limit IND A
1500
Affirmed Producers Federation Ltd Kay Em Copper Pvt Ltd
FB CC facility
IND BB-/IND A4+ 40
Maintained in
Non
Cooperating
Category Krushi Utpanna Bazar Samitee
Proposed Bk loan
Provisional IND 700
Assigned
BB- Mahalakshmi Teleservices
FB WC limits (LT and IND D
20
Maintained in
ST )
Non
Cooperating
Category Mahalakshmi Teleservices
TL (LT)
IND D
50
Maintained in
Non
Cooperating
Category Mahalakshmi Teleservices
Non-FB WC limits (ST) IND D
25
Maintained in
Non
Cooperating
Category Mishrilal Associates Pvt Ltd
FB WC limits
IND B/IND A4
15
Maintained in
Non
Cooperating
Category Parksons Cartamundi Pvt Ltd
TL
-
45.3
Withdrawn Parksons Cartamundi Pvt Ltd
FB Fac
-
147.5
Withdrawn Pragathi Hatcheries
TL
IND B
46.08
Migrated to
Non
Cooperating
Category Pragathi Hatcheries
FB Fac
IND B
75
Migrated to
Non
Cooperating
Category R V Plastic Ltd
FB limits
IND B+/IND A4+ 100
Maintained in
Non
Cooperating
Category Reliance Infrastructure Ltd
NCDs*
IND A(SO)/RWN
2.25
Downgraded;
Rating Watch
revised to
Negative
* Secured against regulatory asset collection in R-Infra's Mumbai distribution business Reliance Infrastructure Ltd
TL*
IND A(SO)/RWN
6.7
Downgraded;
Rating Watch
revised to
Negative
* Secured against regulatory asset collection in R-Infra's Mumbai distribution business Reliance Infrastructure Ltd
ST debt/CP (CP)
IND A2+/RWN
13
Downgraded;
Rating Watch
revised to
Negative Reliance Infrastructure Ltd
NCDs (NCDs)
IND BBB+/RWN
11.25
Downgraded;
Rating Watch
revised to
Negative Reliance Infrastructure Ltd
Bk Fac
IND BBB+/RWN/IND 180
Downgraded;
A2+/RWN
Rating Watch
revised to
Negative Rythu Dairy Products Pvt Ltd
TL
IND BB+
55.32
Assigned Rythu Dairy Products Pvt Ltd
FB WC limits
IND BB+ /IND A4+ 60
Assigned Rythu Dairy Products Pvt Ltd
Proposed TL*
Provisional IND 20
Assigned
BB+
* The rating is provisional and shall be confirmed upon the sanction and execution of the loan documents for the above facility by RDPPL to the satisfaction of Ind-Ra Shiv Build India Pvt Ltd
FB WC limits
IND BB+
50
Maintained in
Non
Cooperating
Category Shivam Mobile Services Pvt
FB WC limits
IND BB-
60
Maintained in Limite
Non
Cooperating
Category Shyam & Company
FB limits
IND B+
100
Maintained in
Non
Cooperating
Category Vapi Eco Energy Ltd
TL
IND B
90.6
Maintained in
Non
Cooperating
Category Vapi Eco Energy Ltd
FB WC limits
IND B /IND A4
15
Maintained in
Non
Cooperating
Category Vectus Industries Ltd
Fund based WC
IND A /IND A1
480
Upgraded Western Up Tollway Ltd
TL
IND A-
2220
Affirmed Western Up Tollway Ltd
NCDs
IND A-
1570
Affirmed ----------------------------------------------------------------------------------------------- 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.