June 3, 2014 / 4:32 AM / 4 years ago

CARE ratings for Indian debt instruments-Jun 3

Jun 3 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 2, 2014.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ambica Agarbathies Aroma & Industries ST Bk Fac          CARE D         10      Assigned
Ltd
Eagle Steels Rolling Mills Pvt Ltd    ST Bk Fac          CARE A4        90      Assigned
Om India Trading Company Pvt Ltd      ST Bk Fac          CARE A3        50      Reaffirmed
PNP Polymers Pvt Ltd                  ST Bk Fac          CARE A3        125.7   Assigned
SKS Microfinance Ltd                  Series A PTCs      CARE A1+ (SO)  2896.1  Withdrawn

Videocon Industries Ltd               ST FB Bk           CARE A1        20000   Reaffirmed

LONG TERM RATINGS:
-------------------
Accurate Infra Industries Pvt Ltd     LT Bk Fac          CARE BB-       110     Assigned
Ambica Agarbathies Aroma & Industries LT Bk Fac          CARE D         547.3   Assigned
Ltd
Auro Sundram Ply & Door Pvt Ltd       LT Bk Fac          CARE BBB-      80      Assigned
Auro Sundram Ply & Door Pvt Ltd       LT / ST Bk Fac     CARE BBB-      20      Assigned
                                                         /CARE A3
Eagle Steels Rolling Mills Pvt Ltd    LT Bk Fac          CARE BB        267.5   Assigned
Jodhpur Pali Expressway Ltd           LT Bk Fac          CARE A(SO)     3000    Assigned
Om India Trading Company Pvt Ltd      LT Bk Fac          CARE BBB-      254.1   Reaffirmed
Om India Trading Company Pvt Ltd      LT / ST Bk Fac *   CARE BBB-      550     Reaffirmed
                                                         /CARE A3
*Short-term rating for Bank facility of Rs.55 crore is reclassified to the long-term/short-term
rating
Pnp Polymers Pvt Ltd                  LT Bk Fac          CARE BBB-      74.3    Assigned
Puranik Buildcon Pvt Ltd              LT Bk Fac          CARE BBB(SO)   1512.5  Reaffirmed
(enhanced from 35.00 cr)#, # backed by unconditional and irrevocable corporate guarantee of
Puranik Builders Pvt Ltd
Puranik Builders (P) Ltd              LT Bk Fac          CARE BBB       1100    Reaffirmed
(enhanced from 65.00 cr)
Sachika Trading Pvt Ltd               LT Bk Fac          CARE B+        90      Assigned
Sks Microfinance Ltd                  Series A PTCs      CARE AA (SO)   1711.2  Assigned
Tikamsa Dulichand Natural Fibres Ltd  LT Bk Fac          CARE B+        80      Assigned
Videocon Industries Ltd               LT Non-fund based  CARE A         151055.8Assigned
                                      Bk
Videocon Industries Ltd               LT FB Bk/FIs       CARE A         212220  Reaffirmed
Videocon Industries Ltd               Long/ST Non-fund   CARE A/CARE A1 11900   Reaffirmed
                                      Based Bk
--------------------------------------------------------------------------------------------
$: 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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