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CARE ratings for Indian debt instruments-May 30
May 30, 2013 / 7:13 AM / in 4 years

CARE ratings for Indian debt instruments-May 30

May 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 29, 2013.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adhunik Power & Natural Resources Ltd ST Bk Fac          CARE A3        2220    Reaffirmed
Allcargo Logistic Park Pvt Ltd        ST Bk Fac          CARE A2+ (SO)  110     Assigned
Everest Kanto Cylinder Ltd            ST Bk Fac          CARE A3        704.2   Assigned
Mars Plywood Industries Pvt Ltd       ST Bk Fac          CARE A4        317.5   Assigned

Niagara Metals India Ltd              ST Bk Fac          CARE A4        50      Assigned
Simplex Engineering & Foundry Works   CP (by carving out CARE A2        500     Assigned
Pvt Ltd                               FB working capital
                                      limits)
Simplex Engineering & Foundry Works   ST Bk Fac (Nonfund CARE A2        1700    Assigned
Pvt Ltd                               based)

LONG TERM RATINGS:
-------------------
Adhunik Power & Natural Resources Ltd LT Bk Fac          CARE BBB       27523.9 Revised from
                                                                                CARE BBB-
Adhunik Power & Natural Resources Ltd LT/ST Bk Fac       CARE BBB /CARE 500     Revised from
                                                         A3                     CARE
                                                                                BBB-/CARE A3
Allcargo Logistic Park Pvt Ltd        LT Bk Fac          CARE A- (SO)   150     Assigned
Arg Developers Pvt Ltd                LT Bk Fac          CARE BB-       156.7   Assigned
Brandhouse Oviesse Ltd                LT Bk Fac          CARE D         500     Revised from
                                                                                CARE B+
Classic Mall Development Company Pvt  LT Bk Fac          CARE BB        2984.7  Reaffirmed
Ltd 
Everest Kanto Cylinder Ltd            LT Bk Fac          CARE BBB-      4016.5  Assigned
L&T Deccan Tollways Ltd               LT Bk Fac          CARE BBB-      9590.8  Assigned
Mars Plywood Industries Pvt Ltd       LT Bk Fac          CARE C         10      Assigned
Niagara Metals India Ltd              LT Bk Fac          CARE B         114.6   Assigned
Parasram Mannulal Dall Mill Pvt Ltd   LT Bk Fac          CARE B         51.2    Assigned
Simplex Engineering & Foundry Works   LT Bk Fac          CARE BBB+      1000    Assigned
Pvt Ltd                               (Fundbased)
Vedant Starch Pvt Ltd                 LT Bk Fac          CARE B+        101     Assigned
--------------------------------------------------------------------------------------------
$: 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; 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@thomsonreuters.com)

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