36
0
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 20, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ------ ---------
SHORT TERM RATINGS:
-------------------
B.G. Transport Company Non-FB WC limits IND A4+ 1 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Bhupinder Singh’S Non-FB limits IND A4+ 2.14 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Rattan Kaur Non-FB limits IND A4+ 1.12 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Perfect Infraengineers Ltd Non-FB WC limits (ST) IND D 45 -
Affirmed and Migrated to non-cooperating category; (Issuer Not Cooperating)
Smartchem Technologies Ltd Non-FB limits (Bk Fac) IND A1+ 1000 Affirmed
Tejinder Kaur’S Non-FB limits IND A4+ 1 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
LONG TERM RATINGS:
-------------------
Asian Business Connections Pvt NCDs WD 4500 Withdrawn
Ltd
Avaada Solar Energy Pvt Ltd TL IND BBB 5190 Assigned
Avaada Solar Energy Pvt Ltd Non-FB facility (BG) IND BBB 225 Assigned
Avaada Solar Energy Pvt Ltd WC facility IND BBB 130 Assigned
B.G. Transport Company TL IND BB- 59.87 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
B.G. Transport Company FB WC limits IND BB- 13.5 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Bee Jay Industrial FB WC limit IND BB- /IND A4+ 200 -
Corporation’S
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Bhupinder Singh’S FB limit IND BB- 64 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Bhupinder Singh’S TL IND BB- 44.31 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Blue Duck Textiles Pvt Ltd TL IND BB- 18.36 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Blue Duck Textiles Pvt Ltd FB WC limit IND BB- /IND A4+ 60 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Centre For Digestive And Kidney TL IND A 2200 Reassigned
Diseases (I) Pvt Ltd
Eastman Auto & Power Ltd TL IND A 350 Affirmed
Eastman Auto & Power Ltd FB WC limits IND A /IND A1 530 Affirmed
Eastman Auto & Power Ltd Non-FB WC limits IND A /IND A1 180 Affirmed
Eastman Auto & Power Ltd FB WC limits* IND A /IND A1 220 Assigned
*The final ratings have been assigned on the receipt of the executed sanction letter, conforming
to the information already received by Ind-Ra.
Gopal Krishna Rice Mills’S FB WC limit IND B /IND A4 70 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Lamane Infrastructure Pvt Ltd TL IND BB- 200 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Nagpur Seoni Express Way Ltd NCDs IND AAA(SO) 1950* Affirmed
*amount outstanding on 19 November 2018 was INR1,67.65 million
Perfect Infraengineers Ltd TL (LT) IND D 0.9 -
Affirmed and Migrated to non-cooperating category; (Issuer Not Cooperating)
Perfect Infraengineers Ltd FB WC limits (LT) IND D 47.5 -
Affirmed and Migrated to non-cooperating category; (Issuer Not Cooperating)
Psk Textiles India Pvt Ltd TL IND BB+ 50 Assigned
Psk Textiles India Pvt Ltd FB Fac IND BB+ /IND A4+ 50 Assigned
Rattan Kaur FB limits IND BB- 13.9 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Rattan Kaur TL IND BB- 49.76 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Ravindranath Ge Medical TL IND A 1600 Upgraded
Associates Pvt Ltd
Shree Doodhaganga Krishna FB WC Fac IND BB- /IND A4+ 600 Assigned
Sahakari Sakkare Karkhane
Niyamit
Shri Keshav Cements And Infra Long-TL IND BBB-/RWN 413 Placed on RWN
Ltd’S
Shri Keshav Cements And Infra FB limits IND BBB-/RWN/IND 267 Placed on RWN
Ltd’S A3/RWN
Sundaram Packaging India Pvt LtdFB limit IND BBB 120 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Sundaram Packaging India Pvt LtdTL IND BBB 109 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Tejinder Kaur’S FB limit IND BB- 13.9 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
Tejinder Kaur’S TL IND BB- 40.38 -
Maintained in Non-Cooperating Category; (Issuer Not Cooperating)
-----------------------------------------------------------------------------------------------
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)
