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CARE ratings for Indian debt instruments-Sep 29
September 29, 2016 / 4:41 AM / a year ago

CARE ratings for Indian debt instruments-Sep 29

Sep 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of September 28, 2016.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Kota Dall Mill                        ST Bk Fac          CARE A3+       1350    Revised from
                                                                                CARE A3
(enhanced from 105 CR)
Maruti Nandan Spinning Mill           ST Bk Fac          CARE A4        29      Assigned

Maspack Industries                    ST Bk Fac          CARE A4        1.5     Reaffirmed
Ntpc Ltd                              ST Bk Fac- Non     CARE A1+       50000   Reaffirmed
                                      Fund Based
(enhanced from 4,800)
Ntpc Ltd                              Proposed CP (CP)   CARE A1+       20000   Assigned
                                      Issue
Parth Motors                          ST Bk Fac          CARE BB        64.5    Assigned
Unison Forging Ltd                    ST Bk Fac          CARE A4+       27      Revised from
                                                                                CARE A4
Vanaik Spinning Mills Ltd             ST Bk Fac          CARE A1+(SO)   750     Reaffirmed

LONG TERM RATINGS:
-------------------
Almehtab Industries Pvt Ltd           LT Bk Fac          CARE BB        150     Assigned
Apical Exim Pvt Ltd                   LT Bk Fac          CARE BB        250     Reaffirmed
Autoriders International Ltd          LT Bk Fac          CARE BB        85      Assigned
Govindam Brj Infra Projects Pvt Ltd   LT Bk Fac          CARE BB-       50      Assigned
Govindam Brj Infra Projects Pvt Ltd   LT/ST Bk Fac       CARE BB- /     50      Assigned
                                                         CARE A4
Highness Cotton Industries            LT Bk Fac          CARE B+        65      Reaffirmed
Kota Dall Mill                        LT/ST Bk Fac       CARE BBB /     400     Reaffirmed
                                                         CARE A3+               /Revised from
                                                                                CARE A3
Logan Minerals Pvt Ltd                LT Bk Fac          CARE BB        175     Reaffirmed
(enhanced from 14.50 CR)
Maruti Nandan Spinning Mill           LT Bk Fac          CARE B+        50      Assigned
Maruti Nandan Spinning Mill           LT/ST Bk Fac       CARE B+ /      300     Assigned
                                                         CARE A4
Maspack Industries                    LT Bk Fac          CARE BB-       53.6    Reaffirmed
[Reduced from Rs. 6.66 crore]
North End Foods Marketing Pvt Ltd     LT Bk Fac          CARE A-        300     Assigned
North End Foods Marketing Pvt Ltd     LT/ST Bk Fac       CARE A- /      1200    Assigned
                                                         CARE A2+
Ntpc Ltd                              LT Bk Fac          CARE AAA       670000  Reaffirmed
(enhanced from 65,200)
Ntpc Ltd                              Proposed LT Bond   CARE AAA       100000  Assigned
                                      Programme
Parth Motors                          LT Bk Fac          CARE A4        10      Assigned
Rai Bahadur Narain Singh Sugar Mills  LT Bk Fac          CARE BB        1880    Assigned
Ltd
Ramky Elsamex Hyderabad Ring Road Ltd LT Bk Fac          CARE D         1969.9  Reaffirmed
[Reduced rom Rs.211.11 crore]
Recmet Alloys Pvt Ltd                 LT Bk Fac          CARE B+        99.5    Assigned
Shanti Foundation                     LT Bk Fac          CARE BB-       60      Assigned
Shree Rameshwar Cotex Industries      LT Bk Fac          CARE B+        73      Reaffirmed
[Reduced from Rs. 7.86 crore]
Sun Shine Autos Pvt Ltd               LT Bk Fac          CARE B+        100     Assigned
Thdc India Ltd                        Proposed LT bond   CARE AA+       6000    Assigned
Ultra Aluminium Pvt Ltd               LT Bk Fac          CARE BB-       96      Assigned
Unison Forging Ltd                    LT Bk Fac          CARE BB        6.2     Revised from
                                                                                CARE BB-
(reduced from 1.34 CR)
Unison Forging Ltd                    LT/ST Bk Fac       CARE BB /      30      Revised from
                                                         CARE A4+               CARE BB-/
                                                                                CARE A4
Velankani Information Systems Ltd     LT-NCD             CARE BBB       400     Reaffirmed
                                      Subordinated NCD 
                                      (Subordinated to
                                       Series B, D)  
--------------------------------------------------------------------------------------------
$: 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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