CARE ratings for Indian debt instruments-Jun 2

Jun 2 (Reuters) - Below are the ratings awarded by Credit
Analysis and Research Ltd. (CARE) for local debt instruments as
of June 1, 2010. COMPANY
INSTRUMENT
RATING AMOUNT MOVEMENT

(RS.MLN) ------
----------
------ ----- --------- SHORT TERM RATINGS:
------------------- Amtek Crankshafts (India) Ltd ST
Bank Facilities

PR1 20 Reaffirmed Crest Steel & Power Pvt Ltd

ST Bank Facilities

PR3 159 Assigned Sks Microfinance Limited Sep-09

Payouts

PR1+(SO)- Withdrawn Era Infra Engineering Ltd

ST Bank Facilities

PR2+ 500 Assigned Gujarat Foils Ltd

ST Bank Facilities

PR3 110 Assigned Home Solution Retail (India) Ltd

ST Bank Facilities

PR3 1050 Assigned International Conveyors Limited

ST Bank Facilities

PR2+ 37 Revised

from PR2 (enhanced from 1.8 ) Juniper Hotels
Private Limited ST Bank Facilities

PR2+ 20 Reaffirmed Jupiter International Ltd

ST Bank Facilities

PR2+ 400 Reaffirmed Kadevi Engineering Company Pvt.
Ltd ST Bank Facilities

PRR3 500 Reaffirmed (enhanced from Rs.10 cr) Shri
Lakshmi Cotsyn Ltd Non-fund Based Limits

PR3 610 Assigned Tril Infopark Limited

STD

PR1+(SO)5000 Assigned Usher Agro Limited

ST Bank Facilities

PR3+ 100 Assigned Websol Energy Systems Ltd

ST Bank Facilities

PR3 1043 Reaffirmed (reduced from 107.2) LONG TERM
RATINGS: ------------------- Alok Infrastructure Ltd

Deep Discount NCD

A(SO) 2244.5 Reaffirmed (size enhanced from Rs.200.00
crore) Amtek Crankshafts (India) Ltd Long-term Bank
Facilities A 3450 Reaffirmed (enhanced from Rs.108.75
cr) Crest Steel & Power Pvt Ltd Long-term Bank
Facilities BBB 616.2 Assigned Era Infra Engineering Ltd

NCDS

A+ 1000 Assigned Era Infra Engineering Ltd

Long-term Bank Facilities A+ 1000 Assigned Gujarat
Foils Ltd Long-term Bank Facilities BBB-

732.2 Assigned Home Solution Retail (India) Ltd
Long-term Bank Facilities BBB- 3380 Assigned
International Conveyors Limited Long-term Bank
Facilities A- 250 Revised

from BBB+ (enhanced from Rs.14.0 crore)
International Conveyors Limited Long/short-term bank
Fac A-/PR2+ 250 Revised

from

BBB+/PR2 (enhanced
from 10.0 ) Jhabua Power Ltd Long-term
Loans from BK

BBB 20000 Assigned Jhabua Power Ltd

Long-term Loan from LIC

BBB 1800 Assigned Juniper Hotels Private Limited

Long-term Bank Facilities BBB+ 4301.4 Reaffirmed
Jupiter International Ltd Long-term Bank
Facilities BBB+ 318.9 Reaffirmed (reduced from Rs.41.36
cr) Kadevi Engineering Company Pvt. Ltd Long-term Bank
Facilities BBB- 999.3 Revised

from BBB (enhanced from Rs.44.48 cr) Shri
Lakshmi Cotsyn Ltd NCD

BBB+ 500 Assigned Shri Lakshmi Cotsyn Ltd

TL

BBB+ 4906.4 Assigned Shri Lakshmi Cotsyn Ltd

Fund-based Limits

BBB+ 4500 Assigned Shriram Transport Finance Co. Ltd.

NCD

AA+ 500 Assigned Shriram Transport Finance Co. Ltd.

NCD

AA+ 5000 Assigned Shriram Transport Finance Co. Ltd.

Subordinate Debt

AA+ 3000 Assigned Shriram Transport Finance Co. Ltd.

NCD

AA+ 5000 Assigned Shriram Transport Finance Co. Ltd.

Subordinate Debt

AA+ 3000 Assigned Shriram Transport Finance Co. Ltd.

NCD

AA+ 10000 Assigned Shriram Transport Finance Co. Ltd.

PTC

AA+(SO) 6325 Assigned Tril Infopark Limited

Long-term Bank Facilities BBB 17500 Assigned Usher
Agro Limited Long-term Bank Facilities
BBB+ 2362.8 Assigned Websol Energy Systems Ltd
Long-term Bank Facilities BBB- 1366 Reaffirmed (reduced
from 135.1) Websol Energy Systems Ltd Long-term
Bank Facilities/ BBB-/PR3310 Reaffirmed

Short-term Bank
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 CARE may apply
+ or - signs for ratings to reflect a comparative standing
within the category. BG-Bank Guarantee; 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 6636 9222, E-mail at
rru.data@reuters.com)