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CARE ratings for Indian debt instruments-May 2
May 2, 2017 / 8:07 AM / 6 months ago

CARE ratings for Indian debt instruments-May 2

    May 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 28, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
ABF Engineering International Pvt Ltd ST Bk Fac          CARE A4        28      Revised from
                                                                                CARE A4
Advance Metering Technology Ltd       ST Bk Fac          CARE A4        40      Assigned
Al Sameer Exports Pvt Ltd             ST Bk Fac          CARE A3        295     Reaffirmed

Alectrona Energy Pvt Ltd              ST Bk Fac          CARE A3        551.3   Reaffirmed
Ambica Alloys                         ST Bk Fac          CARE A4        31      Revised from
                                                                                CARE A4+
Apex Tubes Pvt Ltd                    ST Bk Fac          CARE A4        200     Reaffirmed
Aquarius Shipyards Pvt Ltd            ST Bk Fac          CARE A4+       60      Issuer not
                                                                                cooperating
Aquafil Polymers Company Pvt Ltd      ST Bk Fac          CARE D         170     Revised from
                                                                                CARE A4
Avni Yarns Pvt Ltd                    ST Bk Fac          CARE A4        3.3     Reaffirmed
Ankit India Ltd                       ST Bk Fac          -              -       Withdrawn
Bhavna Autowheels Pvt Ltd             ST Bk Fac          CARE A4        70      Reaffirmed
Bridal Jewellery Manufacturing CompanyST Bk Fac          CARE A4+       415     Reaffirmed
BLA Power Pvt Ltd                     ST Bk Fac          CARE D         46      Revised from
                                                                                CARE A4
Chartered Hotels Pvt Ltd              ST non-FB Bk Fac   CARE A4        260     Revised from
                                      (BG)                                      CARE A4+
Classic Wears Pvt Ltd                 ST Bk Fac          CARE A4        2       Issuer not
                                                                                cooperating
Daulat Ram Engineering Services Pvt LtST Bk Fac          CARE A4        22.2    Reaffirmed
(enhanced from 2.00)
Devyani Food Industries Ltd           ST Bk Fac          CARE A2+       50      Reaffirmed
(reduced from Rs. 35 crore)
Drashti Cotspin Pvt Ltd               ST Bk Fac          CARE A4        16.5    Reaffirmed
Electrical Controls & Systems         ST Bk Fac          CARE A3+       20.3    Reaffirmed
(enhanced from 1.75)
Feris Spintex Pvt Ltd                 ST Bk Fac          CARE A4        20      Reaffirmed
^ The bank facilities are backed by unconditional & irrevocable corporate guarantee of Fine
Jewellery Manufacturing Limited (FJML).
Finolex J-Power Systems Pvt Ltd       ST Bk Fac          CARE A3        260     Reaffirmed
Globion India Pvt Ltd                 ST Bk Fac          CARE A3+       38.2    #
Goraya Straw Board Mills Pvt Ltd      ST Bk Fac          CARE A4        1       Reaffirmed
Gupta Sons                            ST Bk Fac          CARE A4        80      Issuer not
                                                                                cooperating
Gurunanak Engineering Services        ST Bk Fac          CARE A4        80      Issuer not
                                                                                cooperating
Gva Industries Pvt Ltd                ST Bk Fac          CARE A4        20      Reaffirmed
Hamon Shriram Cottrell Pvt Ltd        ST Bk Fac (TL)     CARE A4        250     Reaffirmed
Inani Securities Ltd                  ST Bk Fac          CARE A4        62.5    Assigned
Indraprastha Logistics Ltd            ST Bk Fac          CARE A4        50      Reaffirmed
Jayshri Weavetech Pvt Ltd             ST Bk Fac          CARE A4        11.3    Reaffirmed
K. Siddappa                           ST Bk Fac          CARE A4        50      Assigned
Kinshuk Enterprise                    ST Bk Fac          CARE A4        3       Reaffirmed
Kusum International                   ST Bk Fac          CARE A4+       75      Reaffirmed
Lucid Colloids Ltd                    ST Bk Fac (Non FB) CARE A3        85      Reaffirmed
Mahaveer Ginning And Pressing Factory ST Bk Fac          CARE A4        9       Issuer not
                                                                                cooperating
Mahindra & Mahindra Ltd               ST Bk Fac          CARE A1+       660     Reaffirmed
Membrane Filters (India) Pvt Ltd      ST Bk Fac          CARE A4        100     Issuer not
                                                                                cooperating
Mgi Infra Pvt Ltd                     ST Bk Fac          CARE A4        47      Issuer not
                                                                                cooperating
Modern Dairies Ltd                    ST Bk Fac          CARE D         41      Reaffirmed
Nandan Buildcon Pvt Ltd               ST Bk Facilitie    CARE A4        250     Reaffirmed
New Horizon Knits Pvt Ltd             ST Bk Fac          CARE A4        16      Issuer not
                                                                                cooperating
Olympus Metal Pvt Ltd                 ST Bk Fac          CARE A4        100     Reaffirmed
Panache Digilife Ltd                  ST Bk Fac          CARE A4+       70      Reaffirmed
Pankaj Glass Works Ltd                ST Bk Fac          CARE A4        30      Issuer not
                                                                                cooperating
Prabha Steel Industries               ST Bk Fac          CARE A3+       92.5    Reaffirmed
Prabhat Elastomers Pvt Ltd            ST Bk Fac          CARE A4        140     Revised from
                                                                                CARE A4+
Precast India Infrastructure Pvt Ltd  ST Bk Fac          CARE A3        620     Reaffirmed
R. D. Forge (A Unit Of R. D. ChemicalsST Bk Fac          CARE A4        10      Issuer not
Pvt Ltd)                                                                        cooperating
Rajiva Exports                        ST Bk Fac          CARE A4        40      Reaffirmed
Ramesh Textiles India Pvt Ltd         ST Bk Fac          CARE A4        9.9     Reaffirmed
Rico Jinfei Wheels Ltd                ST Bk Fac          CARE A4+       90      Reaffirmed
Rohan Rajdeep Tollways Ltd            ST Bk Fac          CARE A2        608.9   Assigned
Saisons Technocom Pvt Ltd             ST Bk Fac          CARE A4        30      Reaffirmed
Saraswati Timber Pvt Ltd              ST Bk Fac          CARE A4        16.3    Issuer not
                                                                                cooperating
Saurashtra Enviro Projects Pvt Ltd    ST Bk Fac          CARE A1        11      Reaffirmed
Sfc Environmental Technologies Pvt LtdST Bk Fac          CARE A1        400     Reaffirmed
Shambhu Textile Mills Pvt Ltd         ST Bk Fac          CARE A4        1.5     Reaffirmed
Shiv Prasad Eco Touchwood Pvt Ltd     ST Bk Fac          CARE A4        350     Reaffirmed
Shiv Prasad Enterprises               ST Bk Fac          CARE A4        360     Reaffirmed
Shree Shankar Vijay Timber Exports PvtST Bk Fac          CARE A4        2.2     Reaffirmed
Ltd
Shreeji Construction Company          ST Bk Fac          CARE A4        40      Assigned
Shrine Engineering Pvt Ltd            ST Bk Fac          CARE A4        35      Reaffirmed
Srinivasa Fashions Pvt Ltd            ST Bk Fac          CARE A4+       650     -
Theon Pharmaceuticals Ltd             ST Bk Fac          CARE A2+       224     Reaffirmed
Thermosol Glass (India) Pvt Ltd       ST Bk Fac          CARE A4        10      Reaffirmed
Ultra Fab India Pvt Ltd               ST Bk Fac          CARE A4        4       Reaffirmed
Undercarriage And Tractor Parts Pvt LtST Bk Fac          CARE A4        25      Reaffirmed
Venus Cotsyn (India) Ltd              ST Bk Fac          CARE A4+       50      Reaffirmed
(reduced from 7.00)
West Bengal State Electricity         ST Debt (including -              -       Withdrawn
Transmission Co. Ltd                  CP)
Zuventus Healthcare Ltd               ST Bk Fac          CARE A1        50      reaffirmed


LONG TERM RATINGS:
-------------------
Aakar Motors                          LT Bk Fac          CARE BB-       65      Reaffirmed
Abf Engineering International Pvt Ltd LT Bk Fac          CARE C         40.7    Revised from
                                                                                CARE B
Abhishek Developers                   LT Bk Fac @        CARE BBB-      1480    Assigned
@ The rating is based on the credit enhancement in the form of availability of cash flows from
windmill assets of Mantri Homes and Mantri Developers P Ltd to service the rated debt facility
and presence of escrow mechanism.
Advance Metering Technology Ltd       LT Bk Fac          CARE BB        30      Assigned
Advance Metering Technology Ltd       Long/ST Bk Fac     CARE BB /CARE  20      Assigned
                                                         A4
Aim Laminar Pvt Ltd                   LT Bk Fac          CARE BB-       91.7    Assigned
Al Sameer Exports Pvt Ltd             LT Bk Fac          CARE BBB-      28.1    Reaffirmed
Alectrona Energy Pvt Ltd              LT Bk Fac          CARE BBB-      472.8   Reaffirmed
Allied Associates                     LT Bk Fac          CARE B         120     Assigned
Ambica Alloys                         LT Bk Fac          CARE BB        100     Revised from
                                                                                CARE BB+
Ankit India Ltd                       LT Bk Fac          CARE BBB+      253.6   Reaffirmed
Ankit India Ltd                       LT/ST Bk Fac       CARE BBB+      150     Revised from
                                                         /CARE A2               CARE A2
Apex Tubes Pvt Ltd                    LT Bk Fac          CARE BB-       106.7   Revised from
                                                                                CARE BB
Aquafil Polymers Company Pvt Ltd      LT Bk Fac          CARE D         311.9   Revised from
                                                                                CARE C
Aquarius Shipyards Pvt Ltd            LT Bk Fac          CARE BB+       70      Issuer not
                                                                                cooperating
Arth Micro Finance Pvt Ltd            Long/ ST Bk Fac    CARE BB+ /CARE 300     Reaffirmed
                                                         A4+
Atria Brindavan Power Pvt. Ltd.       LT Bk Fac          CARE BB+ (SO)  716.1   Assigned
Atria Wind Power (Savarkundla) Pvt. LtLT Bk Fac          CARE BBB-      2004.5  Assigned
Avni Yarns Pvt Ltd                    LT Bk Fac          CARE BB        59.3    Reaffirmed
B A Consulting                        LT Bk Fac          CARE BBB-      400     Reaffirmed
Better Value Leasing And Finance Ltd  LT Bk Fac          CARE BBB-      270     Reaffirmed
Bharati Vidyapeeth Pune               LT Bk Fac          CARE A-        2670.6  Revised from
                                                                                CARE BBB+
Bhavna Autowheels Pvt Ltd             LT Bk Fac          CARE BB-       5       Reaffirmed
Bhavnagar Energy Company Ltd          LT Bk Fac          CARE D         33022.4 Revised from
                                                                                CARE BB+
Bitwise Solutions Pvt Ltd             LT Bk Fac          CARE BBB+      466.7   Issuer not
                                                                                cooperating
BLA Power Pvt Ltd                     LT Bk Fac          CARE D         5719.3  Revised from
                                                                                CARE B
Cabbana Infrastructure Pvt Ltd        LT Bk Fac          CARE BB-       250     Issuer not
                                                                                cooperating
Chartered Hotels Pvt Ltd              LT Bk Fac (TL)     CARE B         2874.1  Revised from
                                                                                CARE BB+
Chartered Hotels Pvt Ltd              LT Bk Fac (TL)     CARE D         401.1   Revised from
                                                                                CARE BB+
Classic Wears Pvt Ltd                 LT Bk Fac          CARE BB-       95.2    Issuer not
                                                                                cooperating
Colour Cottex Pvt Ltd                 LT Bk Fac          CARE D         789.8   Revised from
                                                                                CARE B+
Critical Access Health Services &     LT Bk Fac          CARE B         85      Issuer not
Research Centre Pvt Ltd                                                         cooperating
Daulat Ram Engineering Services Pvt LtLT Bk Fac          CARE BB        125.9   Reaffirmed
(reduced from 12.75)
Daulat Ram Engineering Services Pvt LtLT/ST Bk Fac       CARE BB /CARE  230     Reaffirmed
                                                         A4
Devanshi Powers Ltd                   LT Bk Fac          CARE BB-       160     Issuer not
                                                                                cooperating
Devyani Food Industries Ltd           LT Bk Fac          CARE A-        1439    Reaffirmed
(reduced from Rs. 336.76 Cr)
Devyani Food Industries Ltd           Long/ST Bk Fac     CARE A- /CARE  499     Reaffirmed
                                                         A2+
(enhanced from Rs. 45 crore)
Drashti Cotspin Pvt Ltd               LT Bk Fac          CARE B+        293.7   Reaffirmed
Electrical Controls & Systems         LT Bk Fac          CARE BBB       85.8    Reaffirmed
(reduced from 9.45)
Feris Spintex Pvt Ltd                 LT Bk Fac          CARE B+        382.1   Reaffirmed
Fine Jewellery India Ltd              LT Bk Fac^         CARE BB (SO)   69.1    Issuer not
                                                                                cooperating
^ The bank facilities are backed by unconditional & irrevocable corporate guarantee of Fine
Jewellery Manufacturing Limited (FJML)
Finolex J-Power Systems Pvt Ltd       LT Bk Fac          CARE BBB-      314     Reaffirmed
First Solar Power India Pvt Ltd       LT/ST Bk Fac *     CARE AAA (SO)  500     Assigned
                                                         /CARE A1+ (SO)
(reduced from 100) /* Backed by fixed deposit receipts (with the same lender) for 100% of the
facility amount which is lien marked in the favour of lender (Rating was earlier backed by
unconditional and irrevocable corporate guarantee of First Solar Inc. USA which is now released)
First Solar Power India Pvt Ltd       LT/ST Bk Fac ^     Prov.CARE AA   500     Reaffirmed
                                                         (SO) /CARE A1+
                                                         (SO)
(reduced from 60)/ ^ Backed by unconditional and irrevocable corporate guarantee to be provided
by First Solar Inc, USA.
Fine Jewellery India Ltd              LT/Shortterm Bk    CARE A4 (SO)   67.7    Issuer not
                                      Fac^                                      cooperating
Globion India Pvt Ltd                 LT Bk Fac          CARE BBB       235.5   Placed on
                                                                                credit watch
                                                                                with developing
implications
Goraya Straw Board Mills Pvt Ltd      LT Bk Fac          CARE BB-       118.9   Reaffirmed
Govind Milk And Milk Products Pvt Ltd LT Bk Fac          CARE BBB-      617.4   Reaffirmed
Green Infra Corporate Solar Ltd       LT Bk Fac          CARE A- (SO) * 7444    Revised from
                                                                                CARE BBB
*based on credit enhancement in the form of an undertaking from Sembcorp Green Infra Limited
(SGIL) to provide funds to cover any actual or anticipated shortfall in funds available to
GICSL, which shall be valid as per the terms of the loan documents.
Green Infra Corporate Solar Ltd       LT Bk Fac          CARE BBB+      1116    Revised from
                                                                                CARE BBB
Greenergy Wind Corporation Pvt Ltd    LT Bk Fac          Prov.CARE BBB+ 480     Assigned
Gupta Sons                            LT Bk Fac          CARE BB-       128     Issuer not
                                                                                cooperating
Gurunanak Engineering Services        LT Bk Fac          CARE BB        40      Issuer not
                                                                                cooperating
Gva Industries Pvt Ltd                LT Bk Fac          CARE BB-       80      Reaffirmed
H N Cotex Pvt Ltd                     LT Bk Fac          CARE B         130     Issuer not
                                                                                cooperating
Hamon Shriram Cottrell Pvt Ltd        LT Bk Fac (FB)     CARE C         392.5   Reaffirmed
Hamon Shriram Cottrell Pvt Ltd        LT Bk Fac (TL)     CARE C         11.1    Revised from
                                                                                CARE D
Hamon Shriram Cottrell Pvt Ltd        Issuer Rating      CARE C (Is)    -       Reaffirmed
Hamon Shriram Cottrell Pvt Ltd        LT/ST Bk Fac       CARE C /CARE A41070    Reaffirmed
                                      (Non-FB)
Hanuman Dal Industries                LT Bk Fac          CARE BB-       250.6   Reaffirmed
Hanuman Rice Industries               LT Bk Fac          CARE B+        168.2   Reaffirmed
Hindupur Solar Park Pvt Ltd           LT Bk Fac          CARE BBB       4170.3  Assigned
Hinganghat Municipal Council          Issuer Rating      CARE BB        -       Assigned
Inani Securities Ltd                  LT Bk Fac          CARE BB-       2.5     Assigned
Indigo Paints Pvt Ltd                 LT/ ST Fundbased/  CARE BBB -     50      Reaffirmed
                                      Non-FB             /CARE A3
Indraprastha Logistics Ltd            LT Bk Fac          CARE BB-       336.6   Reaffirmed
J.B.Gold Pvt Ltd                      LT Bk Fac          CARE B         90      Issuer not
                                                                                cooperating
Jaybajrang Agro Processing Pvt Ltd    LT Bk Fac          CARE B+        50      Issuer not
                                                                                cooperating
Jayshri Weavetech Pvt Ltd             LT Bk Fac          CARE BB-       190.6   Reaffirmed
Jp Agro                               LT Bk Fac          CARE B         100     Issuer not
                                                                                cooperating
K. Siddappa                           LT Bk Fac          CARE BB-       30      Assigned
Kinshuk Enterprise                    LT Bk Fac          CARE B+        4.6     Reaffirmed
Kinshuk Enterprise                    LT/ST Bk Fac       CARE B+ / A4   65      Reaffirmed
Kusum International                   LT Bk Fac          CARE BB        5       Reaffirmed
Lakhtarwala Jewelllers Pvt Ltd        LT/Shortterm Bk FacCARE BB+;      120     Revised from
                                                         Stable/CARE A4+        CARE
                                                                                BBB-/CARE A3
Lucid Colloids Ltd                    LT /ST Bk Fac (FB) CARE BBB-/A3   1350    Reaffirmed
Mahaveer Ginning And Pressing Factory LT Bk Fac          CARE B+        69.3    Issuer not
                                                                                cooperating
Mahindra & Mahindra Ltd               LT Bk Fac          CARE AA        1840    Reaffirmed
Mangalmay Foundation Trust            LT Bk Fac          CARE BB        150     Assigned
Medsave Healthcare Tpa Ltd            LT Bk Fac          CARE BB+       184.1   Revised from
                                                                                CARE BBB-
Medsave Healthcare Tpa Ltd            Long/ST Bk Fac     CARE BB+       80      Revised from
                                                                                CARE A3
Membrane Filters (India) Pvt Ltd      LT Bk Fac          CARE BB        197.9   Issuer not
                                                                                cooperating
Mgi Infra Pvt Ltd                     LT Bk Fac          CARE BB        40      Issuer not
                                                                                cooperating
Modern Dairies Ltd                    LT Bk Fac          CARE D         1212.5  Reaffirmed
Mynd Solutions Pvt Ltd                Compulsorily -     CARE BBB+      100     Reaffirmed
                                      Convertible
                                      Debenture
Nandan Buildcon Pvt Ltd               LT Bk Fac          CARE B         827.6   Revised from
                                                                                CARE B
Nandan Buildcon Pvt Ltd               LT/ ST Bk Fac      CARE B /CARE A41110    Revised from
                                                                                CARE B+/CARE
                                                                                A4
New Horizon Knits Pvt Ltd             LT Bk Fac          CARE B+        64      Issuer not
                                                                                cooperating
Nikki Steels Pvt Ltd                  LT Bk Fac          CARE B         120     Issuer not
                                                                                cooperating
Notandas Jewellers Pvt Ltd            LT Bk Fac          CARE BBB-      300     Reaffirmed
NV Distilleries Pvt Ltd (Erstwhile Nv LT Bk Fac (TL)*    -              -       Withdrawn
Distilleries Ltd)
*Withdrawn upon receipt of no dues statement with respect to repayment of Term Loan due.
NV Distilleries Pvt Ltd (Erstwhile Nv LT Bk Fac (FB)     CARE B         600     Revised from
Distilleries Ltd)                                                               CARE D
Olympus Metal Pvt Ltd                 LT Bk Fac          CARE BB-       750     Reaffirmed
Ostro Ap Wind Pvt Ltd                 LT Bk Fac          CARE BBB-      6092.7  Assigned
Overseas Infrastructure Alliance      Long/ST Bk Fac     CARE B /CARE A47590    Revised from
(India) Pvt Ltd                                                                 CARE BB
                                                                                /Reaffirmed
P T Motors Pvt Ltd                    LT Bk Fac          CARE BB        90      Reaffirmed
Panache Digilife Ltd                  LT Bk Fac          CARE BB+       129.1   Reaffirmed
Pankaj Glass Works Ltd                LT Bk Fac          CARE B         131     Revised from
                                                                                CARE B+
Parekh Gadgets Pvt Ltd                LT Bk Fac          CARE BB-       60      Issuer not
                                                                                cooperating
Prabha Steel Industries               LT Bk Fac          CARE BBB-      9.5     Reaffirmed
Prabhat Elastomers Pvt Ltd            LT Bk Fac          CARE BB        230     Revised from
                                                                                CARE BB+
Precast India Infrastructure Pvt Ltd  LT Bk Fac          CARE BBB       222.6   Reaffirmed
R. D. Forge (A Unit Of R. D. ChemicalsLT Bk Fac          CARE BB-       13.2    Issuer not
Pvt Ltd)                                                                        cooperating
R. D. Forge (A Unit Of R. D. ChemicalsLong /ST Bk Fac    CARE BB-/ A4   100     Issuer not
Pvt Ltd)                                                                        cooperating
R.S. Print Solutions Pvt Ltd          LT Bk Fac          CARE B         84.9    Revised from
                                                                                CARE B+
Rac Extrusion Ltd                     LT Bk Fac          CARE B+        65      Assigned
Raja Udyog Pvt Ltd                    LT Bk Fac (TL)     CARE BBB+      34.6    #
Raja Udyog Pvt Ltd                    Long/ ST Bk Fac    CARE BBB+/CARE 210     #
                                      (FB)               A2                                     
                                                               
Rajiva Exports                        LT Bk Fac          CARE B+        40      Reaffirmed
Ramesh Textiles India Pvt Ltd         LT Bk Fac          CARE BB        8.8     Reaffirmed
Ramesh Textiles India Pvt Ltd         LT / ST Bk Fac     CARE BB /CARE  49.5    Reaffirmed
                                                         A4
Rico Jinfei Wheels Ltd                LT Bk Fac          CARE BB        50      Reaffirmed
Rimjhim Stainless Ltd                 LT Bk Fac          CARE B+        1369.9  Assigned
Rohan Rajdeep Tollways Ltd            LT Bk Fac          CARE BBB+      1715.5  Assigned
Roshni Jewellers Pvt Ltd              LT Bk Fac          CARE B         90      Issuer not
                                                                                cooperating
Rrb Energy Ltd                        LT Bk Fac          CARE D         950     Reaffirmed
Rrb Energy Ltd                        Long/ST Bk Fac     CARE D / D     400     Reaffirmed
S.J. Memorial Education Society       LT Bk Fac          CARE BB-       133.5   Reaffirmed
(Reduced from 15 crore)
Saffron Met Yarns Ltd                 LT Bk Fac          CARE BB-; S    65      Reaffirmed
Saisons Technocom Pvt Ltd             LT Bk Fac          CARE BB        350     Reaffirmed
Saraf Real Infra Pvt Ltd              LT Bk Fac          CARE B+        85      Assigned
Saraswati Timber Pvt Ltd              LT Bk Fac          CARE B+        79.9    Issuer not
                                                                                cooperating
Saurashtra Enviro Projects Pvt Ltd    LT Bk Fac          CARE A         894.4   Reaffirmed
Selga Steels Pvt Ltd                  LT Bk Fac          CARE B+        80      Assigned
Sfc Environmental Technologies Pvt LtdLT Bk Fac          CARE A-        100     Reaffirmed
Sfc Environmental Technologies Pvt LtdLT/ST Bk Fac       CARE A-/A1     100     Reaffirmed
Shambhu Textile Mills Pvt Ltd         LT Bk Fac          CARE BB-       62.5    Reaffirmed
Shiv Prasad Enterprises               LT Bk Fac          CARE BB        13.5    Reaffirmed
Shree Ram Oxy-Gas Pvt Ltd             LT/Shortterm Bk FacARE BB /CARE A458.5    Revised form
                                                                                CARE BB+/CARE
                                                                                A4
(enhanced from 3.50)
Shree Ram Oxy-Gas Pvt Ltd             LT Bk Fac          CARE BB        281.9   Revised form
                                                                                CARE BB+
(enhanced from 8.17)
Shree Shankar Vijay Timber Exports PvtLT / ST Bk Fac     CARE BB /CARE  470     Reaffirmed
Ltd                                                      A4
Shreeji Construction Company          LT Bk Fac          CARE BB-       25      Assigned
Shrine Engineering Pvt Ltd            LT Bk Fac          CARE B         20      Reaffirmed
Shubham Buildmart Pvt Ltd             LT Bk Fac          CARE BB-       145     Issuer not
                                                                                cooperating
South City International School       LT Bk Fac          CARE A-@       220.8   Reaffirmed
@ Backed by unconditional and irrevocable corporate guarantee provided by South City Projects
(Kolkata) Limited
South City Projects (Kolkata) Ltd     LT Bk Fac          CARE A-        3721.3  Reaffirmed
Sri Bajrang Seeds                     LT Bk Fac          CARE B+        120     Reaffirmed
Srinivasa Fashions Pvt Ltd            LT Bk Fac          CARE BB-       12.3    Issuer not
                                                                                cooperating
Sugnaneshwara Hydel Power Pvt Ltd     LT Bk Fac          CARE BB        200     Assigned
Talwalkars Better Value Fitness Ltd   LT NCD             -              -       Withdrawn
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        250     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        250     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        250     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        250     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        500     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        500     Reaffirmed
Talwalkars Better Value Fitness Ltd   LT NCD             CARE AA        250     Assigned
Talwalkars Better Value Fitness Ltd   LT Ban             CARE AA        2980.7  Reaffirmed
Tee Ventures India Pvt Ltd            LT Bk Fac          CARE B+        80      Issuer not
                                                                                cooperating
Tek Travels Pvt. Ltd.                 LT Bk Fac          CARE BBB       85      Reaffirmed
Tek Travels Pvt. Ltd.                 Long/ST Bk Fac     CARE BBB/CARE  1135    Reaffirmed
                                                         A3
Theon Pharmaceuticals Ltd             LT Bk Fac          CARE A-        470.9   Reaffirmed
Thermosol Glass (India) Pvt Ltd       LT Bk Fac          CARE BB-       70      Reaffirmed
Thermosol Glass (India) Pvt Ltd       LT/ST Bk Fac       CARE BB- /CARE 20      Reaffirmed
                                                         A4
Ultra Fab India Pvt Ltd               LT Bk Fac          CARE BB-       13.5    Reaffirmed
Ultra Fab India Pvt Ltd               LT/ST Bk Fac       CARE BB- / A4  32.5    Reaffirmed
Undercarriage And Tractor Parts Pvt LtLT Bk Fac          -              -       Withdrawn
Undercarriage And Tractor Parts Pvt LtLT/ ST Fac         CARE BB /CARE  70      Reaffirmed
                                                         A4
Venus Cotsyn (India) Ltd              LT Bk Fac          CARE BB+       208.9   Reaffirmed
(reduced from 21.79)
Vijay Logistics Pvt Ltd               LT Bk Fac          CARE BB        73.3    Issuer not
                                                                                cooperating
Warora Kurnool Transmission Ltd       Bk Fac-FB - LT-TL  CARE BBB-      27900   Assigned
Warora Kurnool Transmission Ltd       LT Bk Fac - LT-    CARE BBB-      1050    Assigned
                                      Performance BG
West Bengal State Electricity         LT Bk Fac          CARE A         1083.5  Reaffirmed
Transmission Co. Ltd
West Bengal State Electricity         LT Secured         CARE A         549     Reaffirmed
Transmission Co. Ltd                  Redeemable Bonds
                                      Series I – Tranche I
West Bengal State Electricity         LT Secured         CARE A         2500    Reaffirmed
Transmission Co. Ltd                  Redeemable Bonds
                                      Series II
West Bengal State Electricity         Issuer Rating      CARE A / A     -       Reaffirmed
Transmission Co. Ltd
West Bengal State Electricity         Long/ST Bk Fac     CARE A / A1    3250    Reaffirmed
Transmission Co. Ltd
Wind World Wind Farms Hindustan Pvt LtLT Bk Fac          CARE BB        3000    revised from
                                                                                BBB-
Zuventus Healthcare Ltd               LT Bk Fac          CARE A+        400     Reaffirmed
(reduced from 41.57)
Zuventus Healthcare Ltd               LT / ST Bk Fac     CARE A+ /CARE  150     Reaffirmed
                                                         A1

--------------------------------------------------------------------------------------------
$: 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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