December 8, 2016 / 4:28 AM / 8 months ago

CARE ratings for Indian debt instruments-Dec 8

Dec 8 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 7, 2016.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
ACE Polyplast Pvt. Ltd.               ST Bk Fac          CARE A4+       25      Assigned
Bej Ceramic                           ST Bk Fac          CARE A4        10      Reaffirmed
C. P. Bagal And Company               ST Bk Fac          CARE A4        24      Reaffirmed
Global Farm Fresh Pvt Ltd             ST Bk Fac          CARE A4        25      Reaffirmed

Gvk Transportation Pvt Ltd            LT Bk Fac          CARE A4        30      Revised from
                                                                                CARE A4
Imp Powers Ltd                        ST Bk Fac          CARE A3        939.7   Reaffirmed
Inkel Ltd                             Proposed ST Bk Fac CARE A3+       50      Reaffirmed
J P Extrusiontech Ltd                 ST Bk Fac          CARE A4        30      Reaffirmed
Kairali Granites                      ST Bk Fac          CARE A4        11.5    Assigned
Marvelous Metals Pvt Ltd              LT Bk Fac          CARE A4+       7.5     Reaffirmed
Satin Creditcare Network Ltd          CP Issue (Proposed)CARE A1        500     Assigned
Satya Prakash Builders Ltd            ST Bk Fac          CARE A4        50      Reaffirmed
Win-Tel Ceramics Pvt Ltd              ST Bk Fac          CARE A4        2       Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Inkel Ltd                             Fixed Deposit      CARE BBB+ (FD) 400     Reaffirmed
                                      Programme




LONG TERM RATINGS:
-------------------
Agribiotech Industries                LT Bk Fac          CARE BBB-      90      Reaffirmed
Avadh Cotton Industries               LT Bk Fac          CARE B+        52.7    Assigned
Balaji Polycot Pvt Ltd                LT Bk Fac          CARE BB-       119.5   suspended
Banswara Syntex Ltd                   Bk Fac             -              -       suspended
Bej Ceramic                           LT Bk Fac          CARE BB        36.6    Reaffirmed
C. P. Bagal And Company               LT Bk Fac          CARE BB-       50      Reaffirmed
Future Market Network Ltd             LT Bk Fac          CARE BB+       1901.1  Reaffirmed
Gangavaram Port Ltd                   LT Bk Fac          CARE AA-       1162.88 Reaffirmed
Global Farm Fresh Pvt Ltd             Short- term Bk     -              -       withdrawn
                                      FacilityForward
                                      Contract
Global Farm Fresh Pvt Ltd             LT Bk Fac          CARE BB-       144.8   Revised from
                                                                                CARE B+
GVK Transportation Pvt Ltd            LT Bk Fac          CARE B         334.65  Revised from
                                                                                CARE BB
IMP Powers Ltd                        LT Bk Fac          CARE BBB-      2442.3  Reaffirmed
Inkel Ltd                             Proposed LT Bk Fac CARE BBB+      350     Reaffirmed
J J Hi Tech Foods Pvt Ltd             LT Bk Fac          CARE BB-       193.8   Reaffirmed
J P Extrusiontech Ltd                 LT Bk Fac          CARE BB+       67      Reaffirmed
J P Extrusiontech Ltd                 LT/ST Bk Fac       CARE BB+/A4    35      Reaffirmed
Kairali Granites                      LT Bk Fac          CARE B+        80.9    Reaffirmed
Mangal Murti Fabrics Pvt Ltd          LT Bk Fac          CARE B         83.6    Assigned
Marvelous Metals Pvt Ltd              LT Bk Fac          CARE BB+       63.8    Reaffirmed
Oriental Hotels Ltd                   LT Bk Fac          CARE A+        90      Assigned
Oriental Hotels Ltd                   NCD (NCD) issue    CARE A+        200     Reaffirmed
Pratibha Syntex Ltd                   Bk Fac             -              -       suspended
Precision Realty Developers Pvt Ltd   LT Bk Fac          CARE BB+       631.3   Reaffirmed
Ranslite Energy Ltd (Erstwhile        LT Bk Fac          CARE BB        135     Reaffirmed
Vishwanath Transformer Ltd)
Ranslite Energy Ltd (Erstwhile        LT/ST Bk Fac       CARE BB /CARE  140     Reaffirmed
Vishwanath Transformer Ltd)                              A4
Sanjiv Prakashan                      LT Bk Fac          CARE BBB-      184.4   Reaffirmed
Satin Creditcare Network Ltd          NCDs (Proposed)    CARE A-        500     Assigned
Satya Prakash Builders Ltd            LT Bk Fac          CARE BB-       45      Reaffirmed
Shiva Distilleries Pvt Ltd            LT Bk Fac          CARE BBB       1273.2  Reaffirmed
Sr Brahmmas Agro Products Pvt Ltd     LT Bk Fac          CARE BB+       400     Reaffirmed
Taksh Infrastructure Llp              LT Bk Fac          CARE B+        90      Reaffirmed
Win-Tel Ceramics Pvt Ltd              LT Bk Fac          CARE BB        8       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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