Reuters logo
CARE ratings for Indian debt instruments-Dec 22
December 22, 2016 / 5:24 AM / 9 months ago

CARE ratings for Indian debt instruments-Dec 22

Dec 22 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 21, 2016.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amarsagar Seafoods Pvt Ltd            ST Bk Fac          CARE A4+       170     Revised from
                                                                                CARE A4
Bhatia Colour Company                 ST Bk Fac          CARE A4        40      Assigned
Brahmaputra River Valley Trading Pvt. ST Bk Fac          CARE A4+       265     Reaffirmed
Ltd.
Classical Natural Stone               ST Bk Fac          CARE A4        59      Reaffirmed
Dollar Industries Ltd                 ST Bk Fac          CARE A2        11.7    Reaffirmed
Godavari Plasto Conatiners Pvt Ltd    ST Bk Fac          CARE A4        40      Reaffirmed
J. K. Electric Contractor             ST Bk Fac          CARE A4        140     Assigned
Jk Tyre & Industries Ltd              ST Instruments (CP)CARE A1+       500*    Reaffirmed
(enhanced from Rs.300 crore only) *carved out of the sanctioned working capital limits of the
company.
Lsr Fab Pvt Ltd                       ST Bk Fac          CARE A3        5.4     Revised from
                                                                                CARE A4+
Rashtriya Metal Industries Ltd        ST Bk Fac- NonFB   CARE A3        1400    Reaffirmed
                                      BG/LC
Raychem Rpg Pvt Ltd                   Corporate          CARE CGR 2-    -       Assigned
                                      Governance
Rural Electrification Corporation Ltd ST Market          CARE A1+       70000   Reaffirmed
                                      Borrowing
                                      Programme - FY17
Twenty Four Secure Services Pvt Ltd   ST Bk Fac          CARE A4        10      Assigned
Vaishnavi Food Products               ST Bk Fac          CARE A4        50      Assigned

LONG TERM RATINGS:
-------------------
Amarsagar Seafoods Pvt Ltd            LT Bk Fac          CARE BB+       58.4    Revised from
                                                                                CARE BB
Bhatia Colour Company                 LT Bk Fac          CARE BB-       110     Assigned
Brahmaputra River Valley Trading Pvt. LT Bk Fac          CARE BB+       100     Reaffirmed
Ltd.
Classical Natural Stone               LT Bk Fac          CARE B+        27      Reaffirmed
(Reduced from 3.00 CR)
Dollar Industries Ltd                 LT Bk Fac          CARE A-        1972.2  Reaffirmed
(enhanced from 159.63 CR)
Godavari Plasto Conatiners Pvt Ltd    LT Bk Fac          CARE B+        52.8    Reaffirmed
(reduced from 5.76 CR)
Hyderabad Integrated Msw Ltd          LT Bk Fac - TL^    CARE BBB- (SO) 2209.2  Assigned
^Backed by unconditional and irrevocable corporate guarantee of Ramky Enviro Engineers Limited
(REEL; rated CARE BBB- / CARE A3 ).
Hyderabad Integrated Msw Ltd          LT Bk Fac - TL#    CARE BBB- (SO) 500     Assigned
#proposed to be backed by unconditional and irrevocable corporate guarantee of Ramky Enviro
Engineers Limited (REEL; rated CARE BBB-/ CARE A3 ).
J. K. Electric Contractor             LT Bk Fac          CARE BB-       10      Assigned
Javery Incorporation                  LT Bk Fac          CARE B+        75      Reaffirmed
(Enhanced from 5.50 CR)
L&T South City Projects Ltd           Proposed LT Bk Fac CARE BBB-      2520    Assigned
Lsr Fab Pvt Ltd                       LT Bk Fac          CARE BBB-      138.2   Revised from
                                                                                CARE BB+
(increased from 10.27 CR)
Lsr Fab Pvt Ltd                       LT/ST Bk Fac       CARE BBB-      85      Revised from
                                                         /CARE A3               CARE BB+ /
                                                                                CARE A4+
Microtex Fashion Industries           LT Bk Fac          CARE B+        72.3    Assigned
Pooja Cotspin Ltd                     LT Bk Fac          CARE BBB-      143.2   Reaffirmed
Pooja Cotspin Ltd                     LT/ST Bk Fac       CARE BBB-      10.7    Reaffirmed
                                                         /CARE A3
(enhanced from 0.82 CR)
Rashtriya Metal Industries Ltd        LT Bk Fac-TL       CARE BBB       291.6   Revised from
                                                                                CARE BBB-
(reduced from Rs.43.33 crore)
Rashtriya Metal Industries Ltd        LT/ST Bk Fac       CARE BBB /CARE 510     Revised from
                                                         A3                     CARE BBB- /
                                                                                CARE A3
Richlook Creations Pvt Ltd            LT Bk Fac          CARE BB-       81.1    Assigned
Richlook Creations Pvt Ltd            LT/ST Bk Fac       CARE BB- /CARE 75      Assigned
                                                         A4
Rural Electrification Corporation Ltd LT Market          -              -       Withdrawn*
                                      Borrowing
                                      Programme - FY05
Rural Electrification Corporation Ltd LT Market          -              -       Withdrawn*
                                      Borrowing
                                      Programme - FY06
Rural Electrification Corporation Ltd LT Market          CARE AAA       3148    Reaffirmed
                                      Borrowing
                                      Programme - FY07
Rural Electrification Corporation Ltd LT Market          CARE AAA       15683   Reaffirmed
                                      Borrowing
                                      Programme - FY08
Rural Electrification Corporation Ltd LT Market          CARE AAA       3646.2  Reaffirmed
                                      Borrowing
                                      programme - FY09
Rural Electrification Corporation Ltd LT Market          CARE AAA       58494   Reaffirmed
                                      Borrowing
                                      programme - FY10
Rural Electrification Corporation Ltd LT Market          CARE AAA       101697.8Reaffirmed
                                      Borrowing
                                      programme - FY11
Rural Electrification Corporation Ltd LT Market          CARE AAA       130940  Reaffirmed
                                      Borrowing
                                      programme - FY12
Rural Electrification Corporation Ltd LT Market          CARE AAA       155523.1Reaffirmed
                                      Borrowing
                                      programme - FY13
Rural Electrification Corporation Ltd LT Market          CARE AAA       252665.3Reaffirmed
                                      Borrowing
                                      programme - FY14
Rural Electrification Corporation Ltd LT Market          CARE AAA       301277.8Reaffirmed
                                      Borrowing
                                      programme - FY15
Rural Electrification Corporation Ltd LT Market          CARE AAA       230027  Reaffirmed
                                      Borrowing
                                      programme - FY16
Rural Electrification Corporation Ltd LT Market          CARE AAA       150000  Reaffirmed
                                      Borrowing
                                      programme - FY17
Twenty Four Secure Services Pvt Ltd   LT Bk Fac          CARE BB        50      Assigned
Vaishnavi Food Products               LT Bk Fac          CARE BB-       17.9    Assigned
Vayhan Coffee Ltd                     Bk Fac             -              -       Suspended
--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below