May 14, 2014 / 4:53 AM / 3 years ago

CARE ratings for Indian debt instruments-May 14

May 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 13, 2014.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                      (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
KEC International Ltd                 Proposed CP (CP)   CARE A1        750     Assigned
                                      Issue *
* Based on the undertaking that the entire CP outstanding along with the fund based bank
facilities shall be within the sanctioned fundbased working capital limits with banks
Scanpoint Geomatics Ltd               ST Bk Fac          CARE A4        38.5    Assigned

Shiva Industrial Security Agency (Guj)ST Bk Fac          CARE A4        4       Reaffirmed^
Pvt Ltd
^ Suspension revoked
Suprint Textiles (Jaipur) Pvt Ltd     ST Bk Fac          CARE A4        60      Assigned
    
LONG TERM RATINGS:
-------------------
Arvind Kumar Nand Kumar Ltd           LT Bk Fac          CARE BB-       44.3    Reaffirmed
Arvind Kumar Nand Kumar Ltd           LT/ST Bk Fac*      CARE BB-/CARE  5.1     Reaffirmed
                                                         A4
*Facilities have been reclassified from short-term to long-term / short-term
H. G. Luxury Hotels Pvt Ltd           LT Bk Fac          CARE BB-       52      Assigned
Rambhajo'S                            LT Bk Fac          CARE BB-       170     Reaffirmed
Scanpoint Geomatics Ltd               LT Bk Fac          CARE BB        79.6    Assigned
Shipla Textile Prints                 LT Bk Fac          CARE B+        44.2    Assigned
Shiva Industrial Security Agency (Guj)LT Bk Fac          CARE BB        92.8    Reaffirmed^
Pvt Ltd
^ Suspension revoked/(Increased from 8.43cr)
Sundaram Bnp Paribas Home Finance Ltd LT Bk Fac          CARE AA+       8350    Reaffirmed
(enhanced from 775cr)
--------------------------------------------------------------------------------------------
$: 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wd -Rating Stands Withdrawn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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