February 27, 2017 / 4:11 AM / 7 months ago

CARE ratings for Indian debt instruments-Feb 27

   Feb 27 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of February 24, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aditya Marine Ltd                     ST Bk Fac          CARE A4        4       Reaffirmed
Emperor Textiles Pvt Ltd              ST Bk Facilitie    CARE A4        220     Reaffirmed
Garg Rice Mills                       ST Bk Fac          CARE A4        2.5     Assigned
Kanyaka Parameshwari Engineering Ltd  ST Bk Fac          CARE A3+       310     Reaffirmed

Metro And Metro                       ST Bk Fac          CARE A2+       50      Reaffirmed
Patel Integrated Logistics Ltd        ST Bk Fac (Non FB  CARE A3+       176.7   Reaffirmed
                                      Limits)
Pharmatech Process Equipments         ST Bk Fac          CARE A4        35      Reaffirmed
Skilled Construction Co. Ltd          ST Bk Fac          CARE A4        48.5    Reaffirmed
Teerthanker Mahaveer Institute Of     ST Bk Fac          CARE A3+       1000    Reaffirmed
Management & Technology

MEDIUM TERM RATINGS:
-------------------
Gtp Finance Ltd                       Fixed Deposits     CARE BB+ (FD)  30.5    Reaffirmed

LONG TERM RATINGS:
-------------------
Aditya Marine Ltd                     LT Bk Fac          CARE BB        308     Reaffirmed
Aditya Marine Ltd                     LT/ST Bk Fac       CARE BB /CARE  50      Reaffirmed
                                                         A4
Chaitanya Hi-Tech Engineering Pvt Ltd LT Bk Fac          CARE BB        88.5    Revised from
                                                                                CARE BB+
Emperor Textiles Pvt Ltd              LT Bk Fac          CARE BB-       68.4    Reaffirmed
Garg Rice Mills                       LT Bk Fac          CARE B         137.5   Assigned
Gtp Finance Ltd                       LT Bk Fac          CARE BB+       90      Assigned
Harsh Gathani Enterprise Pvt Ltd      LT Bk Fac          CARE BBB-      249     Revised from
                                                                                CARE BB+
Inland Waterways Authority Of India   Proposed LT bonds* CARE AAA(SO)   10000   Assigned
*Government of India fully serviced bonds
Jakson Power Pvt Ltd                  LT Bk Fac          CARE A+ (SO)   526.8   Reaffirmed
Kanyaka Parameshwari Engineering Ltd  LT Bk Fac          CARE BBB       80      Reaffirmed
Laxmi Sopan Agriculture Produce       LT Bk Fac          CARE B         52.2    Reaffirmed
Marketing Co. Ltd
Leela Business Venture Pvt Ltd        LT Bk Fac          CARE BB        108.5   Reaffirmed
Lloyd Electric & Engineering Ltd      LT Bk Fac          CARE A-        9821.3  Rating placed
                                                                                on credit
                                                                                watch with 
                                                                                developing 
                                                                                implications
Lloyd Electric & Engineering Ltd      LT/ST Bk Fac       CARE A-/CARE A211350   Rating placed
                                                                                on credit
                                                                                watch with 
                                                                                developing 
                                                                                implications
Mahakaleshwar Tollways Pvt Ltd        LT Bk Fac          CARE BB        1650    Assigned
Metro And Metro                       LT/ST Bk Fac       CARE A-/CARE   240     Reaffirmed
                                                         A2+                    and
                                                                                reclassified 
                                                                                to LT/ST
Patel Integrated Logistics Ltd        LT Bk Fac          CARE BBB       9.8     Reaffirmed
                                      (TL-proposed)
Patel Integrated Logistics Ltd        LT Bk Fac          CARE BBB       523.5   Reaffirmed
                                      (Fundbased Limits)
Pharmatech Process Equipments         LT Bk Fac          CARE BB        65      Reaffirmed
Ridhi Sidhi Electrical Engg. And Const LT Bk Fac         CARE BB-       35      Assigned
Company
Ridhi Sidhi Electrical Engg. And Const LT Bk Fac/ ST Bk  CARE BB-/CARE  22.5    Assigned
Company                               Fac                A4
Rmg Developers Pvt Ltd                Proposed LT        CARE BB        500     Assigned
                                      Instruments (Non-
                                      Convertible Debentures)
Shapers Industries Ltd                LT Bk Fac          CARE BB        69      Reaffirmed
Shiv Sunder And Company               LT Bk Fac          CARE B         90      Reaffirmed
Skilled Construction Co. Ltd          LT Bk Fac          CARE BB-       29      Revised from
                                                                                CARE B+
Sri Sai Traders                       LT/ Shortterm Bk   CARE BB-/CARE  200     Reaffirmed
                                      Fac                A4
Taurus Mutual Fund                    Open-Ended Liquid  CARE BBB- mfs          Revised from
                                      Scheme                                    CARE AA- mfs
Team Universal Infratech Pvt Ltd      LT Bk Fac          CARE D         180     Revised from
                                                                                CARE BBB-
Teerthanker Mahaveer Institute Of     LT Bk Fac          CARE BBB       2666.5  Reaffirmed
Management & Technology
Thdc India Ltd                        LT bonds           CARE AA+       6000    Reaffirmed
Thdc India Ltd                        LT Bk Fac          CARE AA+       20000   Reaffirmed
Thoppil Contractors (India) Pvt Ltd   LT Bk Fac          CARE BB-       250     Reaffirmed
Thoppil Contractors (India) Pvt Ltd   Long /ST Bk Fac    CARE BB- /CARE 150     Reaffirmed
                                                         A4
Uttrayan Financial Services Pvt Ltd   LT Bk Fac          CARE BB+       678     Reaffirmed
Vedbhumi Builders And Developers Pvt Ltd LT Bk Fac       CARE D         320     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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