January 9, 2017 / 5:32 AM / in 9 months

CARE ratings for Indian debt instruments-Jan 9

Jan 9 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 6, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bangera Overseas Pvt Ltd              ST Bk Fac          CARE A3        190     Reaffirmed
Bhel Electrical Machines Ltd          ST Bk Fac          CARE A3        60      Revised from
                                                                                CARE A3+
Black Diamond Explosives Pvt Ltd      ST Bk Fac          CARE A3+       476     Reaffirmed

Coimbatore Capital Ltd                ST Bk Fac          CARE A3        370     Reaffirmed
Flash Forge Pvt Ltd                   ST Bk Fac          CARE A3        1470    Reaffirmed
Indomet Steel Industries Pvt Ltd      ST Bk Fac          CARE A4        5.3     Reaffirmed
Magna Electro Castings Ltd            ST Bk Fac          CARE A2                Reaffirmed
Model Infra Corporation Pvt Ltd       ST Bk FacNon-FB    CARE A3+       430     Reaffirmed
Moksh Agarbatti Company               ST Bk Fac          CARE A3        40      Reaffirmed
Panyam Cements And Mineral Industries ST Bk Fac          CARE A4        93.2    Reaffirmed
Ltd
Ravi Infrabuild Projects Pvt Ltd      ST Bk Fac          CARE A3+       100     Reaffirmed
Sami Labs Ltd                         ST Bk Fac          CARE A2+       1320    Revised from
                                                                                CARE A2
Tesla Transformers Ltd                ST Bk Fac          CARE A2        100     Reaffirmed
The Malayala Manorama Co. Ltd         ST Bk Fac          CARE A1+       1200    Reaffirmed

LONG TERM RATINGS:
-------------------
Agri Venture                          LT/ST Bk Fac       CARE B+ /CARE  59.5    Assigned
                                                         A4
Ananta Procon Pvt Ltd                 LT Bk Fac          CARE BB        90      Revised from
                                                                                CARE BB+
Ananta Procon Pvt Ltd                 LT Bk Fac          CARE BB /CARE  150     Revised from
                                      /Shortterm Bk Fac  A4                     CARE BB+/CARE
                                                                                A4
Asps Developers Llp                   LT Bk Fac          CARE A (SO)    500     Reaffirmed
Bangera Overseas Pvt Ltd              LT Bk Fac          CARE BBB-      4.9     Reaffirmed
Bhel Electrical Machines Ltd          LT Bk Fac          CARE BBB-      40      Revised from
                                                                                CARE BBB
Biostadt India Ltd                    Long/ST Fund/NonFB CARE A /CARE A11000    Reaffirmed
                                      Working Capital
                                      limits
Black Diamond Explosives Pvt Ltd      LT Bk Fac          CARE BBB       150     Reaffirmed
Devanshi Construction                 LT Bk Fac          CARE B+        100     Assigned
Flash Forge Pvt Ltd                   LT Bk Fac          CARE BBB-      880     Reaffirmed
Heritage Max Realtech Pvt Ltd         NCD issue          CARE BB-       4000    Reaffirmed
Hindustan Aeronautics Ltd             LT/ST Bk Fac       CARE AAA       25000   Reaffirmed
                                                         /CARE A1+
Indo Mim Pvt Ltd                      LT Bk Fac          CARE AA        3734    Assigned
Indo Mim Pvt Ltd                      LT/ ST Bk Fac      CARE AA /CARE  879.5   Assigned
                                                         A1+
Indomet Steel Industries Pvt Ltd      LT Bk Fac          CARE B+        51.4    Reaffirmed
Jaiprakash Sewa Sansthan              LT Bk Fac          -              -       Withdrawn
Jiya Eco Products Ltd                 LT Bk Fac          CARE BBB-      96.2    Reaffirmed
Magna Electro Castings Ltd            LT Bk Fac          CARE BBB+      120.8   Reaffirmed
Model Infra Corporation Pvt Ltd       LT Bk FacFB        CARE BBB+      522.6   Reaffirmed
Moksh Agarbatti Company               LT Bk Fac          CARE BBB-      132.4   Reaffirmed
Oswal Industries Ltd                  LT Bk Fac          CARE BBB       420     Assigned
Oswal Industries Ltd                  LT/ ST Bk Fac      CARE BBB /CARE 720     Revised from
                                                         A3+                    CARE BBB+/
                                                                                CARE A3+
Panyam Cements And Mineral Industries LT Bk Fac          CARE BB-       300     Revised from
Ltd                                                                             CARE B-
Panyam Cements And Mineral Industries NCDs               CARE BB-       978.6   Revised from
Ltd                                                                             CARE B-
Panyam Cements And Mineral Industries LT Bk Fac                                 Withdrawn
Ltd
Rasa Autocom Ltd                      LT Bk Fac                                 Withdrawn
Ratnagiri Gas And Power Pvt Ltd       LT Bk Fac          CARE D         77736.8 Reaffirmed
Ravi Infrabuild Projects Pvt Ltd      LT/ST Bk Fac       CARE BBB /CARE 1000    Reaffirmed
                                                         A3+
Reddy Structures Pvt Ltd              LT Bk Fac          CARE BBB-      1748.9  Reaffirmed
S.R. Trust                            LT Bk Fac          CARE A-        846.4   Reaffirmed
Sami Labs Ltd                         LT Bk Fac          CARE A-        181     Revised from
                                                                                CARE BBB+
Shavyaa Geotex                        LT Bk Fac          CARE B+        -       Revised from
                                                                                CARE B
Shavyaa Geotex                        LT Bk Fac/ ST Bk   CARE B+ /CARE  -       LT Revised
                                      Fac                A4                     from CARE B/
                                                                                ST assigned

Shiva Shakti Sugars Ltd.              LT Bk Fac          CARE BB-       2321.6  Revised from
                                                                                CARE B
Slk Trade Linc                        LT/ST Bk Fac       CARE BB /CARE  125     Assigned
                                                         A4
Sri Anjaneya Agrotech Pvt Ltd         LT Bk Fac          CARE B         348     Revised from
                                                                                CARE B+
Tesla Transformers Ltd                LT Bk Fac          CARE BBB+      11.8    Reaffirmed
Tesla Transformers Ltd                LT/ ST Bk Fac      CARE BBB+      1285    Reaffirmed
                                                         /CARE A2
The Malayala Manorama Co. Ltd         LT Bk Fac          CARE AA        4394.6  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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