May 3, 2017 / 6:48 AM / 5 months ago

CARE ratings for Indian debt instruments-May 3

    May 3 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 2, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aarnav Fabrics Pvt Ltd                ST Bk Fac          CARE A3+       100     Reaffirmed
Accusonic Controls Pvt Ltd            ST Bk Fac          CARE A4        40      Reaffirmed
Ace Brain Systems And Software Pvt LtdST Bk Fac          CARE A4        75      Issuer not
                                                                                cooperating

Almadina Steel                        ST Bk Fac          CARE A4        23.5    Issuer not
                                                                                cooperating
Amit N Shah                           ST Bk Fac          CARE A4+       75      Assigned
Amsat Industries Pvt Ltd              ST Bk Fac          CARE A4        5       Reaffirmed
Anand Mine Tools Pvt Ltd              ST Bk Fac          CARE A4        16      Issuer not
                                                                                cooperating
Annapurna Pet Pvt Ltd                 ST Bk Fac          CARE A4        110     Reaffirmed
Asm Traxim Pvt Ltd                    ST Bk Fac          CARE A4        50      Reaffirmed
Autoline Industries Ltd               ST Bk Fac          CARE A4        200     Reaffirmed
Bhavna Property Developers Ltd        ST Bk Fac          CARE A4+       50      Reaffirmed
Eco Cements Ltd                       ST Bk Fac          CARE A4        50      Reaffirmed
Electropneumatics& Hydraulics India PvST Bk Fac          CARE A3+       280     Reaffirmed
Ltd
Elljay Textiles Pvt Ltd               ST Bk Fac          CARE A4        35      Reaffirmed
enhanced from 2 CR
Elsteel Modular Products Pvt Ltd      ST Bk Fac          CARE A4        76      Issuer not
                                                                                cooperating
Faith Automation Systems And Tooling  ST Bk Fac          CARE A4        15      Issuer not
Pvt Ltd                                                                         cooperating
Gopi Synthetics Pvt Ltd               ST Bk Fac          CARE A3+       85      Reaffirmed
Hillways Construction Company Pvt Ltd ST Bk Fac          CARE A2        885     Reaffirmed
(enhanced from Rs.53.50 crore)
Involute Technologies Pvt Ltd         ST Non-FB Fac( LC) CARE A2+       10      Reaffirmed
Jagdish Prasad Agarwal                ST Bk Fac          CARE A4        65      Assigned
Jai Mata Dee Construction             ST Bk Fac          CARE A4        125     Reaffirmed
(enhanced from 12.00crs)
Jasmine Towels Pvt Ltd                ST Bk Fac          CARE A4+       150     Assigned
Jindal Agro Mills Pvt Ltd             ST Bk Fac          CARE A4        370     Reaffirmed
Khushbu Impex                         ST Bk Fac          CARE A4        253     Reaffirmed
Kim Chemicals Ltd                     ST Bk Fac          CARE A4+       67      Reaffirmed
Limbani Steel Pvt Ltd                 ST Bk Fac          CARE A4        5       Issuer not
                                                                                cooperating
Lipi International Pvt Ltd            ST Bk Fac          CARE A4        10      Reaffirmed
Ludlow Jute & Specialities Ltd        ST Bk Fac          CARE A2+       450     Reaffirmed
Mahabal Auto Ancillaries Pvt Ltd      ST Bk Fac          CARE A3+       0.2     Assigned
Micron Pharmaceuticals                ST Bk Fac          CARE A4        125     Reaffirmed
Nav Durga Fuel Pvt Ltd                ST Bk Fac          CARE A4        137.5   Revised from
                                                                                CARE A4
O. C. Sweaters Llp                    ST Bk Fac          CARE A3        200     Reaffirmed
(decreased from 35.67crs)
Paras Defence And Space Technologies LST Bk Fac          CARE A4        100     Reaffirmed
(Enhanced from 7crs)
Parsewar Seeds And Fertilizers        ST Bk Fac          CARE A4        6       Issuer not
                                                                                cooperating
Pinakin Plastoforming Pvt Ltd         ST Bk Fac          CARE A4        5       Issuer not
                                                                                cooperating
Prakash Plastic Industries            ST Bk Fac          CARE A4+       64      Reaffirmed
Proenergy Resources Pvt Ltd           ST Bk Fac (Non     CARE A2 (SO)   105     Reaffirmed
                                      Fund Based)
Protrans Supply Chain Management Pvt LST Bk Fac          CARE A2 (SO)   47      Reaffirmed
Punjab State Power Corporation Ltd    ST Bk Fac          CARE A4+       6695    Reaffirmed
(Enhanced from 477.00crs)
R T Rice Industries                   ST Bk Fac          CARE A4        1       Assigned
Relemac Technologies Pvt Ltd          ST Bk Fac          CARE A4        135     Reaffirmed
Rohan Rajdeep Highways Ltd            ST Bk Fac*         CARE A2 (SO)   35.6    Revised from
                                                                                CARE A4+
Rohan Rajdeep Katol Byepass           ST Bk Fac*         CARE A3 (SO)   8.1     Revised from
Infrastructure                                                                  CARE A4+
*backed by short fall undertaking extended by Rohan Rajdeep Tollways Limited (RRTL; rated CARE
BBB+; Stable/CARE A2 )
Rohan Rajdeep Rajasthan Infra ProjectsST Bk Fac*         CARE A2 (SO)   30      Revised from
Ltd                                                                             CARE A4
*backed by corporate guarantee from Rohan Rajdeep Tollways Limited (RRTL; rated CARE BBB+;
Stable/CARE A2 )
S.K. Bikes Pvt Ltd                    ST Bk Fac          CARE A4+       200     Reaffirmed
S.P.Y. Agro Industries Ltd            ST Bk Fac          CARE A4        144     Revised from
                                                                                CARE D
Sai Applied Technologies Pvt Ltd      ST Bk Fac          CARE A4+       20      Issuer not
                                                                                cooperating
Sakal Papers Pvt Ltd                  ST Bk Fac          CARE A1        610     Reaffirmed
(reduced from 66crs)
Sakal Papers Pvt Ltd                  CP#                CARE A1        500     Reaffirmed
#Carved out of sanctioned working capital limits
Sbw Udyog Ltd                         ST Bk Fac          CARE A3+       89      Reaffirmed
Sewri Engineering Company Pvt Ltd     ST Bk Fac          CARE A4        50      Reaffirmed
Sharman Udyog Pvt Ltd                 ST Bk Fac          CARE A3        5       Assigned
Siva Granite Products                 ST Bk Fac          CARE A4+       40      Revised from
                                                                                CARE A4
Siva Granite Products                 ST Bk Fac          CARE A4+       40      Revised from
                                                                                CARE A4
Smc Infrastructures Pvt Ltd           ST Bk Fac - (NonFB CARE A2+       2430    Revised from
                                      LC/BG)                                    CARE A1
Srivenkateshwartradex Pvt Ltd         ST Bk Fac          CARE A4        300     Reaffirmed
St Woven Bags Pvt Ltd                 ST Bk Fac          CARE A4        5       Assigned
Supreme Polytubes Ltd                 ST Bk Fac          CARE A4        100     Reaffirmed
Teja Industries                       ST Bk Fac          CARE A4        122.5   Reaffirmed
The Ravalgaon Sugar Farms Ltd         ST Bk Fac          CARE A4        5       Reaffirmed
Unifab Engineering Project Pvt Ltd    ST Bk Fac          CARE A4        25      Reaffirmed
Veer Energy & Infrastructure Ltd      ST Bk Fac          CARE A3        130     Reaffirmed
West Bengal State Electricity         ST Bk Fac          CARE A2        7000    Reaffirmed
Distribution Company Ltd

LONG TERM RATINGS:
-------------------
Aarnav Fabrics Pvt Ltd                LT Bk Fac          CARE BBB       557.7   Reaffirmed
(enhanced from Rs.44.18 crore)
Aarnav Fabrics Pvt Ltd                LT/ Shortterm Bk   CARE BBB/CARE  10      Reaffirmed
                                      Fac                A3+
Aarti Infra Projects Pvt Ltd          LT Bk Fac          CARE D         262.3   Issuer not
                                                                                cooperating
Aarti Infra Projects Pvt Ltd          ST Bk Fac          CARE D         150     Issuer not
                                                                                cooperating
Accusonic Controls Pvt Ltd            LT Bk Fac          CARE BB-       40      Reaffirmed
Ace Brain Systems And Software Pvt LtdLT Bk Fac          CARE BB-       10      Issuer not
                                                                                cooperating
Adwalpalkar Construction And Resorts  LT Bk Fac          CARE BB-       160     Issuer not
Pvt Ltd                                                                         cooperating
Ahuja Builders                        LT Bk Fac          CARE BBB-      85      Revised from
                                                                                CARE BBB
(Reduced from 17.50crs)
Ahuja Builders                        Long/ST Bk Fac     CARE BBB-      150     Revised from
                                                         /CARE A3               CARE BBB
                                                                                /CARE A3
(Reduced from 20.00crs)
Almadina Steel                        LT Bk Fac          CARE B+        36.3    Issuer not
                                                                                cooperating
Amit N Shah                           LT Bk Fac          CARE BB        50      Assigned
Amritsar Swadeshi Textile Corporation LT Bk Fac          CARE BB-       86.6    Assigned
Pvt Ltd
Amsat Industries Pvt Ltd              LT Bk Fac          CARE B         72      Reaffirmed
Anand Mine Tools Pvt Ltd              LT Bk Fac          CARE B-        49.5    Revised from
                                                                                CARE B
Annapurna Pet Pvt Ltd                 LT Bk Fac          CARE BB-       193     Revised from
                                                                                CARE B+
Apco Infratech Pvt Ltd                LT Bk Fac          CARE A-        2000    Reaffirmed
Apco Infratech Pvt Ltd                Long/ST Bk Fac     CARE A- /CARE  8000    Reaffirmed
                                                         A2+
Ardee Technologies Pvt Ltd            LT Bk Fac          CARE D         271     Revised from
                                                                                CARE B+
Ardee Technologies Pvt Ltd            ST Bk Fac          CARE D         185     Revised from
                                                                                CARE A4
Ario Infrastructure Pvt Ltd           Bk Fac             CARE D /D      280     Issuer not
                                                                                cooperating
Aristo Realty Developers Ltd          LT Bk Fac          -              -       Withdrawn
Ariston Tiles Ltd                     LT Bk Fac          CARE BB        96.3    Reaffirmed
Ariston Tiles Ltd                     Bk Fac             CARE BB /A4    30      Reaffirmed
Asm Traxim Pvt Ltd                    LT Bk Fac          CARE BB        600     Reaffirmed
Autoline Industries Ltd               LT Bk Fac          CARE B-        1249.1  Reaffirmed
B. G. Chitale                         LT Bk Fac          CARE BBB+      493.8   Reaffirmed
(reduced from 53.71crs)
Balaji Polycot Pvt Ltd                LT Bk Fac          CARE BB-       115.5   Reaffirmed
reduced from 11.95 CR
Baramati Agro Ltd                     LT Bk Fac          CARE A-        8361.3  Reaffirmed
Bhavna Property Developers Ltd        LT Bk Fac          CARE BB        150     Reaffirmed
Brewster Ifmr Capital 2017 (OriginatorSeries A1 PTCs     -              -       Withdrawn
Asirvad Microfinance Pvt Ltd)
Brewster Ifmr Capital 2017 (OriginatorSeries A2 PTCs     -              -       Withdrawn
Asirvad Microfinance Pvt Ltd)
Clean Solar Power (Hiriyur) Pvt Ltd   LT Bk Fac (TL)     CARE BBB+      517.2   Reaffirmed
Clean Solar Power (Hiriyur) Pvt Ltd   LT Bk Fac (Bk      CARE BBB+      20      Reaffirmed
                                      Overdraft)
Clover Energy Pvt Ltd                 LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Crescent Power Ltd                    LT Bk Facility     CARE A         1320    Reaffirmed
(Enhanced from 85.00crs)
Cure Life Care Pvt Ltd                LT Bk Fac          CARE D         176.1   Issuer not
                                                                                cooperating
D.S. Drinks And Beverages Pvt Ltd     LT Bk Fac          CARE BB+       126.6   Reaffirmed
Dhana-Shree Developers                LT Bk Fac          CARE D         13.2    Revised from
                                                                                CARE BB-
Dmi Finance Pvt Ltd                   LT Bk Fac          CARE AA-       9000    Revised from
                                                                                CARE A
Dmi Housing Finance Pvt Ltd           LT Bk Fac          CARE AA- (SO)  250     Revised from
                                                                                CARE A (SO)
Dmi Housing Finance Pvt Ltd           LT Bk Fac          CARE AA- (SO)  750     Revised from
                                                                                Provisional
                                                                                CARE A (SO)
Eco Cements Ltd                       LT Bk Fac          CARE BB        291.5   Reaffirmed
Electropneumatics& Hydraulics India PvLT Bk Fac          CARE BBB+      54.2    Reaffirmed
Ltd
(reduced from 6.72crs)
Electropneumatics& Hydraulics India PvLT/ ST Bk Fac      CARE BBB+      260     Reaffirmed
Ltd                                                      /CARE A3+
Elljay Textiles Pvt Ltd               LT Bk Fac          CARE B         78.2    Reaffirmed
enhanced from 5.50 CR
Elsteel Modular Products Pvt Ltd      LT Bk Fac          CARE BB-       29.4    Issuer not
                                                                                cooperating
Fabrico India Pvt Ltd                 LT Bk Fac          CARE BB        395     Reaffirmed
Faith Automation Systems And Tooling  LT Bk Fac          CARE B         39      Issuer not
Pvt Ltd                                                                         cooperating
Gadgil Diamonds Pvt Ltd               LT/ ST Bk Fac      CARE BB+ /CARE 180     Revised from
                                                         A4+                    CARE BBB- /
                                                                                CARE A3
(enhanced from 13crs)
Gemini Consolidated Projects Pvt Ltd  ST Bk Fac          -              -       Withdrawn
Gemini Consolidated Projects Pvt Ltd  LT Bk Fac          CARE D         65.6    Reaffirmed
Ghatge Patil Transports Ltd           LT Bk Fac          CARE D         75      Issuer not
                                                                                cooperating
Ghatge Patil Transports Ltd           ST Bk Fac          CARE D         0.6     Issuer not
                                                                                cooperating
Gopi Synthetics Pvt Ltd               LT Bk Fac          CARE BBB       1274.7  Reaffirmed
(enhanced from Rs.75.15 crore)
Gopi Synthetics Pvt Ltd               LT/ Shortterm Bk   CARE BBB/CARE  25      Reaffirmed
                                      Fac                A3+
(enhanced from Rs.1.50 crore)
Greater Visakhapatnam Municipal       LT Bonds           CARE AA (SO)   200     Reaffirmed
Corporation
Reduced from 53.32 CR
Green Infra Btv Ltd                   LT Bk Fac          CARE BBB+      222.8   Reaffirmed
(reduced from 34.29 )
Green Infra Solar Energy Ltd          LT Bk Fac (Bk      CARE A         50      Assigned
                                      Overdraft)
Green Infra Solar Energy Ltd          LT Bk Fac (TL)     CARE A (SO)    745.7   Revised from
                                                                                CARE A- (SO)
Green Infra Wind Energy Assets Ltd    LT Bk Fac          CARE A-        70      Assigned
Green Infra Wind Energy Assets Ltd    LT Bk Fac          CARE A (SO)    613     Revised from
                                                                                CARE A- (SO)
reduced from 72 CR
Green Infra Wind Energy Theni Ltd     LT Bk Fac          CARE A-        150     Revised from
                                                                                CARE BBB+
reduced from 20.83 CR
Green Infra Wind Power Theni Ltd      LT Bk Fac (Bk      CARE A-        10      Assigned
                                      Overdraft)
Green Infra Wind Power Theni Ltd      LT Bk Fac (TL)     CARE A (SO)    135.2   Revised from
                                                                                CARE A-
reduced from 15 CR
Hanuman Dal Industries Pvt Ltd        LT Bk Fac          CARE B+        350     Reaffirmed
Hillways Construction Company Pvt Ltd LT Bk Fac          CARE BBB+      165     Reaffirmed
(enhanced from Rs.11.50 crore)
Honey Overseas                        LT/ST Bk Fac       CARE B+ /CARE  80      Assigned
                                                         A4
Impresario Entertainment And          LT Bk Fac          CARE B         74.6    Revised from
Hospitality Pvt Ltd                                                             CARE B-
[reduced from 11.09crs]
Industrial Energy Ltd                 LT Bk Fac          CARE AA        10342.9 Reaffirmed
Involute Technologies Pvt Ltd         LT Bk Fac (TL)     CARE A         506.4   Reaffirmed
(reduced from 52.90crs)
Involute Technologies Pvt Ltd         LT/ ST Fundbased   CARE A /CARE   350     Reaffirmed
                                      Fac (Working       A2+
                                      Capital Limit)
Iris Ecopower Venture Pvt Ltd         LT Bk Fac          CARE BBB (SO)  500     Assigned
                                      (Proposed)
Jagdish Prasad Agarwal                LT Bk Fac          CARE BB        10      Assigned
Jai Mata Dee Construction             LT Bk Fac          CARE BB-       22.9    Reaffirmed
(enhanced from 2.00crs)
Jindal Agro Mills Pvt Ltd             LT Bk Fac          CARE B+        85      Reaffirmed
Kanase Auto Wheels Pvt Ltd            LT Bk Fac          CARE B+        150     Issuer not
                                                                                cooperating
Khushbu Impex                         LT Bk Fac          CARE BB-       3.1     Revised from
                                                                                CARE BB
Kim Chemicals Ltd                     LT/ST Bk Fac       -              -       Withdrawn
Kim Chemicals Ltd                     LT Bk Fac          CARE BB-       2.5     Reaffirmed
Laxmi Goldorna House Pvt Ltd          LT Bk Fac          CARE BB        100     Reaffirmed
                                      (Proposed)
Limbani Steel Pvt Ltd                 LT Bk Fac          CARE B         58.4    Issuer not
                                                                                cooperating
Lion Insulation Pvt Ltd               LT Bk Fac          CARE D         73.3    Issuer not
                                                                                cooperating
Lipi International Pvt Ltd            LT Bk Fac          CARE BB        118.3   Reaffirmed
Lokmangal Sugar Ethanol And           LT Bk Fac          CARE D         1747.1  Revised from
Co-Generation Industries Ltd                                                    CARE BB
Lotus Clean Power Venture Pvt Ltd     LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Ludlow Jute & Specialities Ltd        LT Bk Fac          CARE A         234.7   Reaffirmed
(enhanced from 4.57crs)
Ludlow Jute & Specialities Ltd        Long /ST Bk Fac    CARE A /CARE   450     Reaffirmed
                                                         A2+
(enhanced from 30.00crs)
Lunawat Milk And Agro Pvt Ltd         Bk Fac             CARE B+ /A4    57.5    Reaffirmed
Macro Group Pvt Ltd                   LT Bk Fac          CARE BB-       165     Revised from
                                                                                CARE BB
(reduced from 30.85crs)
Mahabal Auto Ancillaries Pvt Ltd      LT Bk Fac          CARE BBB       105.9   Revised from
                                                                                CARE BBB-
Maple Renewable Power Pvt Ltd         LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Marvelous Engineers Pvt Ltd           ST Bk Fac          -              -       Withdrawn
Marvelous Engineers Pvt Ltd           LT Bk Fac          CARE B         67      Reaffirmed
Micron Pharmaceuticals                Long- term Bk Fac  CARE BB-       62.9    Reaffirmed
Midas Naturals Pvt Ltd                LT Bk Fac          CARE BB-       310     Reaffirmed
Motherson Advanced Tooling Solutions LLT Bk Fac*         CARE AA-(SO)   469.4   Reaffirmed
* Facilities are backed by unconditional and irrevocable corporate guarantee from Samvardhana
Motherson International Ltd.
Nav Durga Fuel Pvt Ltd                LT Bk Fac          CARE B+        614     Revised from
                                                                                CARE BB-
New Mount Trading & Investment Co. LtdLT Bk Fac – TL II  CARE BB+       155     Revised from
                                                                                BBB(SO)
New Mount Trading & Investment Co. LtdLT Bk Fac – Fund   CARE BB+       165     Revised from
                                      Based                                     BBB(SO)
New Mount Trading & Investment Co. LtdLT Bk Fac – TL I#  CARE BBB (SO)  61.8    Reaffirmed
# The ratings for the above bank facilities are based on credit enhancement in the form of
unconditional and irrevocable corporate guarantee provided by SBW Udyog Ltd(rated CARE
BBB;Stable / CARE A3+). 
New Mount Trading & Investment Co. LtdLT Bk Fac – Non    CARE BBB (SO)  47.3    Reaffirmed
                                      fund based #
# The ratings for the above bank facilities are based on credit enhancement in the form of
unconditional and irrevocable corporate guarantee provided by SBW Udyog Ltd(rated CARE
BBB;Stable / CARE A3+). 
Nkc Projects Pvt. Ltd                 LT Bk Fac          CARE BBB-      520     Reaffirmed
(Reduced from 52.50crs)
Nkc Projects Pvt. Ltd                 LT / ST Bk Fac     CARE BBB-      2910    Reaffirmed
(Reduced from 347.50crs)
Nysa Industries                       LT Bk Fac          CARE B+        53      Issuer not
                                                                                cooperating
O. C. Sweaters Llp                    LT Bk Fac          CARE BBB-      220     Reaffirmed
(decreased from 22.28crs)
Olive Ecopower Pvt Ltd                LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Orchid Renewable Powertech Pvt Ltd    LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Ostro Andhra Wind Pvt Ltd             LT Bk Fac          CARE BBB-      5864.3  Assigned
Paras Defence And Space Technologies LLong /ST Bk Fac    CARE BB- /CARE 180     Reaffirmed
                                                         A4
(Enhanced from 13crs)
Parsewar Seeds And Fertilizers        LT Bk Fac          CARE BB-       100     Issuer not
                                                                                cooperating
Pate Future Constructions Llp         LT Bk Fac          CARE BB        450     Reaffirmed
Pinakin Plastoforming Pvt Ltd         LT Bk Fac          CARE BB-       80      Issuer not
                                                                                cooperating
Prakash Plastic Industries            LT Bk Fac          CARE BB        11.2    Reaffirmed
Prakash Plastic Industries            Bk Fac             CARE BB/ A4+   75      Reaffirmed
Prime Life Space Consultancy Pvt Ltd  LT Bk Fac          -              -       Withdrawn
Prime Life Space Consultancy Pvt Ltd  Issuer Rating      CARE BBB (Is)  -       Rating placed
                                                                                on Notice of
                                                                                Withdrawal for 1
year
Proenergy Resources Pvt Ltd           LT Bk Fac (Fund    CARE A- (SO)   15      Reaffirmed
                                      Based)
Protrans Supply Chain Management Pvt LLT Bk Fac          CARE A- (SO)   103.1   Reaffirmed
Punjab State Power Corporation Ltd    LT Bk Fac          CARE BB+       35051.8 Reaffirmed
(Reduced from 6,576.82crs)
Punjab State Power Corporation Ltd    Non SLR Bonds-I    CARE BBB (SO)  3316    Reaffirmed
Pv Power Technologies Pvt Ltd         Long/ST Fund Based CARE BBB-      195     Assigned
                                      – CC/Pre & Post    /CARE A3
                                      Shipment Cr.
Pv Power Technologies Pvt Ltd         Long/ST Non Fund   CARE BBB-      52.5    Assigned
                                      BasedLOC/BG        /CARE A3
Quadros Automark Pvt Ltd              LT Bk Fac          CARE D         106.8   Issuer not
                                                                                cooperating
Quick Projects Pvt Ltd                LT Bk Fac          CARE BB-       35      Reaffirmed
Quick Projects Pvt Ltd                Bk Fac             CARE BB- /A4   40      Reaffirmed
R T Rice Industries                   LT Bk Fac          CARE B+        66.8    Assigned
Rajdeep Infotechno Pvt Ltd            LT Bk Fac          CARE BBB (SO)  53      Reaffirmed
Rajdeep Infotechno Pvt Ltd            Bk Fac             CARE BBB (SO)  80      Reaffirmed
                                                         /A3+
Ramoji Wafer And Namkeen Pvt Ltd      LT Bk Fac          CARE B         152.6   Reaffirmed
Relemac Technologies Pvt Ltd          LT Bk Fac          CARE BB-       30.6    Revised from
                                                                                CARE B+
Rohan Rajdeep Highways Ltd            LT Bk Fac*         CARE BBB+ (SO) 723.4   Revised from
                                                                                CARE BB+
*backed by corporate guarantee from Rohan Rajdeep Tollways Limited (RRTL; rated CARE BBB+;
Stable/CARE A2 ) 
Rohan Rajdeep Katol Byepass           LT Bk Fac*         CARE BBB- (SO) 245.5   Revised from
Infrastructure                                                                  CARE BB
*backed by short fall undertaking extended by Rohan Rajdeep Tollways Limited (RRTL; rated CARE
BBB+; Stable/CARE A2 )
Rohan Rajdeep Rajasthan Infra ProjectsLT Bk Fac*         CARE BBB+ (SO) 1181.4  Revised from
Ltd                                                                             CARE BB
*backed by corporate guarantee from Rohan Rajdeep Tollways Limited (RRTL; rated CARE BBB+;
Stable/CARE A2 )
S.G. Pharma Pvt Ltd                   LT Bk Fac          CARE BBB       150     Reaffirmed
S.K. Bikes Pvt Ltd                    LT Bk Fac          CARE BB+       190.2   Reaffirmed
(enhanced from 10.00crs)
S.K. Bikes Pvt Ltd                    LT/ST Bk Fac       CARE BB+ /CARE 80      Reaffirmed
                                                         A4+
(enhanced from 3.27crs)
S.M. Constructions                    LT Bk Fac          CARE C         63.9    Reaffirmed
S.P.Y. Agro Industries Ltd            LT Bk Fac          CARE B         1634.4  Revised from
                                                                                CARE D
Sai Applied Technologies Pvt Ltd      LT Bk Fac          CARE BB+       20      Issuer not
                                                                                cooperating
Sai Applied Technologies Pvt Ltd      Bk Fac             CARE BB+ /A4+  30      Issuer not
                                                                                cooperating
Saibaba Sales Pvt Ltd                 LT Bk Fac          CARE BB-       170.8   Issuer not
                                                                                cooperating
Sakal Papers Pvt Ltd                  LT Bk Fac          CARE A-        800     Reaffirmed
Samhi Hotels (Ahmedabad) Pvt Ltd      LT Bk Fac          CARE BBB-      2442.8  Reaffirmed
(decreased from Rs.31.04 crore)
Sapphire Industrial Infrastructure PvtLT Bk Fac          CARE BBB-      208.3   Reaffirmed
Ltd
(reduced from 26.95crs)
Sbw Udyog Ltd                         LT Bk Fac          CARE BBB       250     Reaffirmed
(Enhanced from 21crs)
Sewri Engineering Company Pvt Ltd     LT Bk Fac          CARE B+        49.5    Reaffirmed
Shalby Ltd                            LT Bk Fac          CARE BBB+      3224.6  Revised from
                                                                                CARE A-
Sharman Udyog Pvt Ltd                 LT Bk Fac          CARE BBB-      199     Assigned
Shri Balaji Sahakari Soot Girni Ltd   LT Bk Fac          CARE D         71.8    Issuer not
                                                                                cooperating
Shri Ram Solvex                       LT Bk Fac          CARE B+        187.5   Reaffirmed
Shyama Shyam Vsk Water Management Pvt LT Bk Fac          CARE BB-       64.6    Reaffirmed
Ltd
(Reduced from 9.85crs)
Siva Granite Products                 LT Bk Fac          CARE BB+       15.3    Revised from
                                                                                CARE BB
Siva Granite Products                 LT Bk Fac          CARE BB+       15.3    Revised from
                                                                                CARE BB
reduced from Rs.1.82 crore
Smc Infrastructures Pvt Ltd           LT Bk Fac          CARE A-        612.5   Revised from
                                      (Fundbased CC                             CARE A
                                      Limits)
Smc Infrastructures Pvt Ltd           LT/Shortterm Bk FacCARE A- /CARE  40      Revised from
                                                         A2+                    CARE A / CARE
                                                                                A1
Solitaire Energies Ltd                LT Bk Fac          CARE BBB+      983.4   Reaffirmed
(reduced from 115.32crs)
Sorento Granito Pvt Ltd               LT Bk Fac          CARE B+        20.4    Reaffirmed
Sorento Granito Pvt Ltd               Bk Fac             CARE B+ /A4    177.5   Reaffirmed
Sri Ranganatha Gold And Silver        LT Bk Fac          CARE D         75      Revised from
                                                                                CARE B
Sri Ranganatha Swamy Jewellary Works  LT Bk Fac          CARE D         75      Revised from
                                                                                CARE B
Srivenkateshwartradex Pvt Ltd         LT Bk Fac          CARE B+        100     Reaffirmed
St Woven Bags Pvt Ltd                 LT Bk Fac          CARE B         79.9    Assigned
Sunpaul Properties Pvt Ltd            LT Bk Fac          CARE B+        90      Issuer not
                                                                                cooperating
Supreme Polytubes Ltd                 LT Bk Fac          CARE BB-       150     Reaffirmed
Suraj Cropsciences Ltd                LT Bk Fac          CARE BB        175.7   Reaffirmed
Tcg Lifesciences Ltd                  LT Bk Fac          CARE BBB+      379.4   Revised from
                                                                                CARE A-
(reduced from 72.50crs)
Tcg Lifesciences Ltd                  Long/Shortterm Bk  CARE BBB+      600     Revised from
                                      Fac                /CARE A2               CARE A- /CARE
                                                                                A2+
(reduced from 62.00crs)
Teja Industries                       LT Bk Fac          CARE BB-       70      Reaffirmed
The India Cements Ltd                 LT Bk Fac          CARE A-        25035.6 Reaffirmed
The Ravalgaon Sugar Farms Ltd         LT Bk Fac          CARE B+        67.6    Revised from
                                                                                CARE BB
Tulip Renewable Powertech Pvt Ltd     LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Unifab Engineering Project Pvt Ltd    LT Bk Fac          CARE BB        5       Reaffirmed
reduced from Rs1.35 CR
Unifab Engineering Project Pvt Ltd    Bk Fac             CARE BB/ A4    15      Reaffirmed
United Cotton Extract Pvt Ltd         LT Bk Fac          CARE B         65.7    Reaffirmed
Universal Tube Accessories Pvt Ltd    LT Bk Fac          CARE B         134.9   Issuer not
                                                                                cooperating
Usha Spincoat Pvt Ltd                 LT Bk Fac          CARE B+        295     Reaffirmed
reduced from 30.07 CR
Vedant Landmark                       LT Bk Fac          CARE BB        250     Issuer not
                                                                                cooperating
Veeda Clinical Research Pvt Ltd       LT Bk Fac          CARE BBB+      9.2     Reaffirmed
(reduced from 1.90crs)
Veeda Clinical Research Pvt Ltd       LT/ST Bk Fac       CARE BBB+      170     Reaffirmed
                                                         /CARE A3+
(enhanced from 9.25crs)
Veer Energy & Infrastructure Ltd      LT Bk Fac          CARE BBB-      42.9    Reaffirmed
Vinay Steel                           LT Bk Fac          CARE B         100     Reaffirmed
Violet Green Power Pvt Ltd            LT Bk Fac          CARE BBB (SO)  500     Provisional
                                      (Proposed)
Vishal Enterprise                     LT Bk Fac          CARE BB        112.4   Issuer not
                                                                                cooperating
Vishal Enterprise                     LT/ST Bk Fac       CARE BB /CARE  95      Issuer not
                                                         A4                     cooperating
Vistacore Infraprojects               LT Bk Fac          CARE BB        199.4   Issuer not
                                                                                cooperating
Vivaswan Hotels (India) Pvt Ltd       LT Bk Fac          CARE B         100     Assigned
Walmarkmeditech Pvt Ltd               LT Bk Fac          CARE BB-       154.7   Issuer not
                                                                                cooperating
Wasan Hospitality Pvt Ltd             LT Bk Fac          CARE B+        380     Reaffirmed
Welspun Steel Ltd                     Bk Fac-TLLT        -              -       Withdrawn
Welspun Steel Ltd                     Bk Fac-FB – LT     -              -       Withdrawn
Welspun Steel Ltd                     Bk Fac-FB – LT     -              -       Withdrawn
Welspun Steel Ltd                     LT/ST Bk Fac       CARE BBB+      1200    Assigned
                                                         /CARE A2
West Bengal State Electricity         LT Bk Fac          CARE BBB+      44000   Reaffirmed
Distribution Company Ltd
West Bengal State Electricity         LT Secured         CARE BBB+      2500    Reaffirmed
Distribution Company Ltd              Redeemable Bonds
                                      (Series I – Tranche I)
West Bengal State Electricity         LT Secured         CARE BBB+      2500    Reaffirmed
Distribution Company Ltd              Redeemable Bonds
                                      (Series I – Tranche II)
West Bengal State Electricity         LT Secured         CARE BBB+      5000    Reaffirmed
Distribution Company Ltd              Redeemable Bonds
                                      (Series II)
West Bengal State Electricity         Proposed LT        CARE BBB+      10000   Reaffirmed
Distribution Company Ltd              Secured Redeemable
                                      Bonds (Series III)

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