August 27, 2013 / 5:28 AM / 4 years ago

CARE ratings for Indian debt instruments-Aug 27

Aug 27 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 26, 2013.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                      (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Binani Cement Ltd                     CP (Standalone)    CARE A2        250     Assigned
Binani Cement Ltd                     CP (Carved out of  CARE A2+       250     Assigned
                                      working capital
                                      borrowings)

Deva Interiors Pvt Ltd                ST Bk Fac          CARE A4        30      Assigned
International Minerals Trading CompanyST Bk Fac          CARE A4        200     Assigned
Pvt Ltd
Khanna Paper Mills Ltd                ST Bk Fac          CARE A2        5730    Reaffirmed
Sonec Sanitary Ware Pvt Ltd           ST Bk Fac          CARE A4        2.5     Assigned
Sunder Impex Pvt Ltd                  ST Bk Fac          CARE A4        110     Assigned
Tamboli Castings Ltd                  ST Bk Fac          CARE A3+       15      Reaffirmed

LONG TERM RATINGS:
-------------------
Bank Of Baroda                        Lower Tier-II BondsCARE AAA       5000    Reaffirmed
Bank Of Baroda                        Upper Tier-II BondsCARE AAA       50000   Reaffirmed
Bank Of Baroda                        Perpetual Bonds    CARE AAA       19117   Reaffirmed
Deva Interiors Pvt Ltd                LT Bk Fac          CARE BB-       60      Assigned
Dmi Finance Pvt Ltd                   LT Bk Fac          CARE A         1000    Revised from
                                                                                CARE BBB+
Dmi Finance Pvt Ltd                   NCD                CARE A         1000    Revised from
                                                                                CARE BBB+
Harsiddh Papers Ltd                   LT Bk Fac          CARE B         58.4    Assigned
International Minerals Trading CompanyLT Bk Fac          CARE B-        1850    Assigned
Pvt Ltd
Jaichanda Ispat Pvt Ltd               LT Bk Fac          CARE B         54.9    Assigned
K.P.R. Sugar Mill Ltd                 LT Bk Fac          CARE BBB       3700    Revised from
                                                                                CARE BBB-
K.P.R. Sugar Mill Ltd                 LT/ST Bk Fac       CARE BBB/CARE  100     Revised from
                                                         A3                     CARE BBB-/
                                                                                CARE A3
Khanna Paper Mills Ltd                LT Bk Fac          CARE BBB+      4409.1  Reaffirmed
Lm Cotex Pvt Ltd                      LT Bk Fac          CARE B         140     Assigned
Rare Townships Pvt Ltd                LT Bk Fac          CARE BB+       2360    Revised from
                                                                                CARE BB
Scintillating Jewellery               LT Bk Fac          CARE BB        600     Reaffirmed
Shiv Gramoudyog Sansthan              LT Bk Fac          CARE B         116.5   Assigned
Sonec Sanitary Ware Pvt Ltd           LT Bk Fac          CARE B         71      Assigned
Sunder Impex Pvt Ltd                  LT Bk Fac          CARE B+        15      Assigned
Tamboli Castings Ltd                  LT Bk Fac          CARE BBB       279.3   Reaffirmed
(reduced from Rs.29.33 crore)
The World Retails Pvt Ltd             LT Bk Fac          CARE B+        75      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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