April 4, 2017 / 5:11 AM / 6 months ago

CARE ratings for Indian debt instruments-Apr 4

    Apr 4 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 3, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Agarwal Polysacks Ltd                 ST Bk Fac          CARE A4        16      Assigned
Ewac Alloys Ltd                       ST Bk Fac          CARE A1+       111     Reaffirmed
G4S Secure Solutions India Pvt Ltd    ST Bk Fac          CARE A1+       225     Placed on
                                                                                Notice of
                                                                                Withdrawal 
                                                                                for 90
                                                                                days
Hema Construction                     ST Bk Fac          CARE A4        45      Issuer not
                                                                                cooperating
Kamla Construction Company            ST Bk Fac          CARE A4+       45      Issuer not
                                                                                cooperating
Kanara Hardwares                      ST Bk Fac          CARE A4        10      Reaffirmed
Kuloday Plastomers Pvt Ltd            ST Bk Fac          CARE A4        73      Reaffirmed
Nagreeka Exports Ltd                  ST Bk Fac          CARE A3        2073.7  Reaffirmed
Patwa City Automobiles Pvt Ltd        ST Bk Fac          CARE A4+       1       Issuer not
                                                                                cooperating
Pune Metagraph                        ST Bk Fac          CARE A3+       57.6    Reaffirmed
Rajeev Gupta                          ST Bk Fac          CARE A4        50      Assigned
South West Mining                     ST Bk Fac          CARE A3+       100     Assigned
Surjeet Auto Agency                   ST Bk Fac          CARE A4        10      Issuer not
                                                                                cooperating
Surjeet Auto Pvt Ltd                  ST Bk Fac          CARE A4+       7.5     Issuer not
                                                                                cooperating
Vub Engineering Pvt Ltd               NFB Bk Fac         CARE A3        750     Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Icici Home Finance Company Ltd        Fixed Deposit#     -              -       Withdrawn
Icici Home Finance Company Ltd        Fixed Deposit      CARE AAA(FD)   20000   Reaffirmed
Trikaal Leasing And Finance Ltd       Medium-term        CARE B+(FD)    28.7    Issuer not
                                      InstrumentsFixed                          cooperating
                                      Deposit

LONG TERM RATINGS:
-------------------
Agarwal Polysacks Ltd                 LT Bk Fac          CARE B         125     Assigned
Au Financiers (India) Ltd             Subordinated Debt  -              -       Withdrawn
Au Financiers (India) Ltd             LT Bk Fac          CARE A+        11000   Reaffirmed
Brightsolar Renewable Energy Pvt Ltd  LT Bk Fac          CARE BBB       675     Reaffirmed
Consulting Engineers Group Ltd        LT Bk Fac          CARE A-        5       Reaffirmed
Consulting Engineers Group Ltd        LT Bk Fac/ ST Bk   CARE A-/       345     Reaffirmed
                                      Fac                CARE A2+
Ewac Alloys Ltd                       LT Bk Fac          CARE AA+       100     Reaffirmed
G4S Secure Solutions India Pvt Ltd    LT Bk Fac          CARE AA        100     Placed on
                                                                                Notice of
                                                                                Withdrawal 
                                                                                for 90
                                                                                days
Harsh Macro Buildhome Pvt Ltd         LT Bk Fac          CARE BB-       150     Issuer not
                                                                                cooperating
Hema Construction                     LT Bk Fac          CARE B+        45      Issuer not
                                                                                cooperating
Icici Home Finance Company Ltd        Senior Bonds       CARE AAA(SO)   9790    Reaffirmed
Icici Home Finance Company Ltd        Sub. Bonds         CARE AAA(SO)   2580    Reaffirmed
Icon Hospitality Pvt Ltd              LT Bk FacFund      -              -       Withdrawn
                                      Based- TL
Icon Hospitality Pvt Ltd              LT Bk FacFund      -              -       Withdrawn
                                      Based- Bk Overdraft
India Home Loan Ltd                   LT Bk Fac          CARE BBB-      150     Revised from
                                                                                CARE BB+
Kamla Construction Company            LT Bk Fac          CARE BB+       20      Issuer not
                                                                                cooperating
Kanara Hardwares                      LT Bk Fac          CARE BB-       51      Reaffirmed
(reduced from 5.40 CR)
Kuloday Plastomers Pvt Ltd            LT Bk Fac          CARE BB        156.5   Reaffirmed
Murarilal Agarwal Contractor Pvt Ltd  LT Bk Fac          CARE B+        100     Issuer not
                                                                                cooperating
Nagreeka Exports Ltd                  LT Bk Fac – TL     CARE BBB-      396.6   Reaffirmed
Paradise Lifespaces Llp               LT Bk Fac          CARE BB        2000    Issuer not
                                                                                cooperating
Patwa City Automobiles Pvt Ltd        LT Bk Fac          CARE BB+       135.6   Issuer not
                                                                                cooperating
Polylace India Pvt Ltd                LT Bk Fac          CARE B+        30      Reaffirmed
Polylace India Pvt Ltd                LT Bk Fac/ ST Bk   CARE B+/       148.6   Reaffirmed
                                      Fac                CARE A4
(Reduced from 17.53 CR)
Pune Metagraph                        LT Bk Fac          CARE BBB       167.8   Reaffirmed
Rajeev Gupta                          LT Bk Fac          CARE BB        30      Assigned
Singoli (Charbhuja) Krishak Sewa      LT Bk Fac          CARE B+        100     Assigned
Sahakari Sanstha Ltd
Somila Texfab (India) Pvt Ltd         LT Bk Fac          CARE BB-       53      Reaffirmed
South West Mining                     LT Bk Fac          CARE BBB+      4000    Reaffirmed
(Enhanced from Rs 200 crore)
Suganthi Educational Trust            LT Bk Fac          CARE BBB-      70      Assigned
Surjeet Auto Agency                   LT Bk Fac/ST Bk    CARE BB-/      82.5    Issuer not
                                      Fac                CARE A4                cooperating
Surjeet Auto Pvt Ltd                  LT Bk Fac/ST Bk    CARE BB+/      112.5   Issuer not
                                      Fac                CARE A4+               cooperating
Vub Engineering Pvt Ltd               FB Bk Fac          CARE BBB-      250     Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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