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CARE ratings for Indian debt instruments-Sep 30
September 30, 2016 / 5:21 AM / a year ago

CARE ratings for Indian debt instruments-Sep 30

Sep 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of September 29, 2016.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Elegant Overseas                      ST Bk Fac          CARE A4        210     Assigned
Indesys Equipments Pvt Ltd            ST Bk Fac          CARE A4        20      Revised from
                                                                                CARE D
Nook Micro Distribution Ltd           Bk Fac             CARE A2+       -       Withdrawn

Promotional Club                      ST Bk Fac          CARE A4        104.5   Assigned
Reliance Communications Ltd           ST Bk Fac          CARE A2+       80340   %
Reliance Communications Ltd           CP / ST debt issue CARE A2+       28800   %
Saptagir Camphor Ltd                  ST Bk Fac          CARE A1        146.6   Reaffirmed

LONG TERM RATINGS:
-------------------
Bajla Motors Pvt Ltd                  LT Bk Fac          CARE BB-       117.5   Reaffirmed
Charms India Pvt Ltd                  LT Bk Fac          CARE BB-       790     Assigned
Elegant Overseas                      LT Bk Fac          CARE BB-       15.6    Assigned
Harpritam Industries Pvt Ltd          LT Bk Fac          CARE BB        37.5    Reaffirmed
Indesys Equipments Pvt Ltd            LT / ST Bk Fac     CARE B+/CARE A445      Revised from
                                                                                CARE D
Jk Tornel S.A De C.V.                 LT Bk Fac          CARE A         2360    Assigned
Nook Micro Distribution Ltd           Bk Fac             CARE A-        -       Withdrawn
Promotional Club                      LT Bk Fac          CARE BB        142.8   Assigned
Ramkrupa Ginning And Pressing Pvt Ltd LT Bk Fac          CARE B+        200     Reaffirmed
Reliance Communications Ltd           LT Bk Fac          CARE A-        93220   %
Reliance Communications Ltd           LT instruments     CARE A-        30000   %
Ruchi Soya Industries Ltd             LT Bk Fac          CARE B         37947.1 Revised from
                                                                                CARE BB+
Ruchi Soya Industries Ltd             LT / ST Bk Fac     CARE B/CARE A4 69314   Revised from
                                                                                CARE BB+ /
                                                                                CARE A4+
Ruchi Worldwide Ltd                   LT / ST Bk Fac     CARE B /CARE A412000   Revised from
                                                                                CARE BB+ /
                                                                                CARE A4+
Saptagir Camphor Ltd                  LT Bk Fac          CARE A+        600     Reaffirmed
Shri Ram Cot Fab                      LT Bk Fac          CARE B+        324.5   Assigned
Veer Metal Industries Pvt Ltd         Bk Fac             -              50      Withdrawn
--------------------------------------------------------------------------------------------
$: 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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