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CARE ratings for Indian debt instruments-Jun 8
June 8, 2017 / 4:48 AM / 5 months ago

CARE ratings for Indian debt instruments-Jun 8

    Jun 8 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 7, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
-------                               ----------         ------        -------  ---------
A.K. Capital Finance Pvt Ltd          CP                 CARE A1+       2000    Reaffirmed
(enhanced from Rs. 150 crore)
H R Ispat Pvt Ltd                     ST Bk Fac          CARE A4+       37.5    Assigned
Pristine Mega Logistics Park Pvt. Ltd ST Bk Fac          CARE A3        50      Assigned

Shingora Textiles Ltd                 ST Bk Fac          CARE A2        42.9    Revised from
                                                                                CARE A2+
Basundhara Green Power Ltd            LT Bk Fac          CARE B+        102     Assigned
Gatik Tea Co Pvt Ltd                  LT Bk Fac          CARE B +       87.5    Assigned
H R Ispat Pvt Ltd                     LT Bk Fac          CARE BB        150     Assigned
Maa Maharani Rice Mill                LT Bk Fac          CARE B+        60.7    Assigned
Pristine Mega Logistics Park Pvt. Ltd LT Bk Fac          CARE BBB-      150     Assigned
Sarvodaya Mining Services             LT/ST Bk Fac       CARE BBB /CARE 55      Assigned
Shingora Textiles Ltd                 LT Bk Fac          CARE BBB+      380.4   Reaffirmed
Shiv Flour Mill                       LT Bk Fac          CARE BB-       83      Assigned
Shrishti Alloys Pvt Ltd               LT Bk Fac          CARE BB+       77.7    Assigned
Suresh Chand Gupta                    LT Bk Fac          CARE BB+       25      Assigned
Suresh Chand Gupta                    LT/ ST Bk Fac      CARE BB+ /A4+  175     Assigned
$: 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wd -Rating Stands Withdrawn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

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