May 31, 2017 / 4:22 AM / 3 months ago

CARE ratings for Indian debt instruments-May 31

    May 31 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 30, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bebitz Flanges Works Pvt. Ltd         ST Bk Fac – TL     CARE A2        120     Reaffirmed
Camson Agri-Ventures Pvt Ltd          ST Bk Fac          CARE A4        30      Issuer not
                                                                                cooperating
Indian Railway Finance Corporation LtdST Market          CARE A1+       120000  Assigned
                                      Borrowing
                                      Programme (FY18)
Kiran Infra Tech                      ST Bk Fac          CARE A4        45      Assigned
Limra Enterprises                     ST Bk Fac          CARE A4        30      Assigned
Riddi Siddi Timber Pvt Ltd            ST Bk Fac          CARE A4        84      Assigned
Reliance Communications Ltd           ST Non –FB Fac     CARE D         80340   Revised from
                                                                                CARE A4
Reliance Communications Ltd           ST debt issue      CARE D         28800   Revised from
                                                                                CARE A4
Sandeep Motors Pvt. Ltd.              ST Bk Fac          CARE A4+       305     Assigned


LONG TERM RATINGS:
-------------------
Amith Cashew Industries               LT Bk Fac          CARE B +       80      Assigned
Bebitz Flanges Works Pvt. Ltd         LT Bk Fac – TL     CARE BBB       244.7   Reaffirmed
Bebitz Flanges Works Pvt. Ltd         LT Bk Fac – TL     CARE BBB       885     Reaffirmed
Camson Agri-Ventures Pvt Ltd          LT Bk Fac          CARE B         100     Issuer not
                                                                                cooperating
Cuddalore Municipality                Issuer Rating      CARE B         -       Assigned
Indian Railway Finance Corporation LtdLT Market          CARE AAA       400000  Assigned
                                      Borrowing
                                      Programme (FY18)
Jampeswar Agro Udyog Pvt. Ltd         LT Bk Fac          CARE B+        74      Assigned
Kancheepuram Municipality             Issuer Rating      CARE BB        -       Assigned
Kiran Infra Tech                      LT Bk Fac          CARE BB-       84.3    Assigned
Limra Enterprises                     LT Bk Fac          CARE B+        30      Assigned
Oriental Sales Corporation            LT Bk Fac          CARE BB-       30      Assigned
Oriental Sales Corporation            LT / ST Bk Fac     CARE BB-/A4    435     Assigned
Reliance Communications Ltd           LT Bk Fac          CARE D         93220   Revised from
                                                                                CARE BB
Reliance Communications Ltd           LT instruments     CARE D         7500    Revised from
                                      (NCD)                                     CARE BB
Riddi Siddi Timber Pvt Ltd            LT Bk Fac          CARE B+        10      Assigned
Sandeep Motors Pvt. Ltd.              LT Bk Fac          CARE BB+       37.5    Assigned
Sandeep Motors Pvt. Ltd.              LT/ ST Bk Fac      CARE BB+ /A4+  7.5     Assigned
Seabird Resorts Pvt Ltd               LT Bk Fac – TL     CARE A-        220     Assigned
Semler Research Centre Pvt Ltd        LT Bk Fac          CARE B         40      Issuer not
                                                                                cooperating
Somula Constructions Pvt Ltd          LT Bk Fac          CARE B         75      Assigned
The Jorehaut Tea Ltd                  LT Bk Facility     CARE BBB-      150     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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