May 26, 2017 / 4:15 AM / 3 months ago

CARE ratings for Indian debt instruments-May 26

   May 26 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 25, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Anjani Roller Flour Mills Pvt Ltd     ST Bk Fac          CARE A4+       15      Assigned
Fashion Gate                          ST Bk Fac          CARE A4        50      Issuer not
                                                                                cooperating
Gillanders Arbuthnot & Company Ltd    ST Bk Fac          CARE A3+       2489.6  Reaffirmed

Jindal Coke Ltd                       ST Bk Fac (Non     CARE A3        3250    Assigned
                                      Fund Based)
P Duraisamy Maharaja Rice Mills Pvt Ltd ST Bk Fac        CARE A4        0.5     Issuer not
                                                                                cooperating
Sree Saravana Engineering Bhavani Pvt ST Bk Fac          CARE A4        232     Issuer not
Ltd                                                                             cooperating
Unison Forging Ltd                    ST Bk Fac          CARE A4+       12      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Gillanders Arbuthnot & Company Ltd    Fixed Deposit      CARE BBB+ (FD) 500     Reaffirmed
                                      programme
LONG TERM RATINGS:
-------------------
All Well Hospital & Research InstituteLT Bk Fac          CARE BB-       75      Assigned
Pvt Ltd
Anjani Roller Flour Mills Pvt Ltd     LT Bk Fac          CARE BB-       107.9   Assigned
Arawali Phosphate Ltd                 LT Bk Fac          CARE B+        75      Assigned
Fashion Gate                          LT Bk Fac          CARE BB        54      Issuer not
                                                                                cooperating
Gillanders Arbuthnot & Company Ltd    LT Bk Fac          CARE BBB+      2794    Reaffirmed
Gillanders Arbuthnot & Company Ltd    Long/ST Bk Fac     CARE BBB+;     963     Reaffirmed
                                                         /CARE A3+
Ifmr Fimpact Long-Term Credit Fund    IFMR FImpact LT    Provisional            Assigned
                                      Credit Fund        CARE AA- (AIF)
Ifmr Fimpact Medium Term OpportunitiesIFMR FImpact       Provisional            Assigned
Fund                                  Medium Term        CARE AA- (AIF)
                                      Opportunities Fund*
*Yet to be registered with SEBI
Jindal Coke Ltd                       LT Bk Fac (TL)     CARE BBB-;     6250    Assigned
Jindal Coke Ltd                       LT Bk Fac (Fund    CARE BBB-;     240     Assigned
                                      Based)
Kef Infrastructure India Pvt. Ltd     LT Bk Fac          CARE BBB-      2169.9  Assigned
Kef Infrastructure India Pvt. Ltd     LT/ ST Bk Fac      CARE BBB-      2050    Assigned
                                                         /CARE A3
L&T Rajkot Vadinar Tollway Ltd        LT Bk Fac          CARE BBB-      8118.8  Removed from
                                                                                Credit Watch
Logix Buildtechpvt Ltd                LT Bk Fac (LRD –TL)Provisional    4500    Assigned
                                                         CARE BB+ (SO)
P Duraisamy Maharaja Rice Mills Pvt Ltd LT Bk Fac        CARE BB;       71.3    Issuer not
                                                                                cooperating
Pratiroop Mudran                      LT Bk Fac          CARE B+        72.9    Reaffirmed
Signature Automobiles India Pvt Ltd   LT Bk Fac          CARE B+        113.9   Reaffirmed
Speedage Trade Ltd                    Proposed LT        CARE BB-       600     Assigned
                                      NonConvertible
                                      Debenture issue
Sree Saravana Engineering Bhavani Pvt LT Bk Fac          CARE BB+       70      Issuer not
Ltd                                                                             cooperating
Tulip Infratech Pvt Ltd               LT Bk Fac          CARE BBB       1600    Reaffirmed
Unison Forging Ltd                    LT Bk Fac          CARE BB        27.9    Reaffirmed
Unison Forging Ltd                    LT/ ST Bk Fac      CARE BB /CARE  45      Reaffirmed
                                                         A4+
Unison Metals Ltd                     LT Bk Fac          CARE BB        218.4   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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