August 30, 2018 / 7:05 AM / a year ago

CARE ratings for Indian debt instruments-Aug 30

   Aug 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 29, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Autostriping India Pvt Ltd            ST Bk Fac          CARE A4        5       Reaffirmed
Indostar Capital Finance Ltd          CP                 CARE A1+       20000   Reaffirmed
Indostar Home Finance Pvt Ltd         CP                 CARE A1+       2000    Reaffirmed
Keyur Industries                      ST Bk Fac          CARE A4        0.6     Revised from
                                                                                A4+
(Issuer Not Cooperating); Based on best available information
Kissandhan Agri Financial Services PvtFB - ST-TL         CARE A2+       300     Reaffirmed
Ltd
Kissandhan Agri Financial Services PvtCP (Proposed)      CARE A2+       500     Reaffirmed
Ltd
Kumar Arch Tech Pvt Ltd               ST Bk Fac          CARE A4+       125     Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Mj Pharmaceuticals Pvt Ltd            Proposed CP        Provisional    7500    Assigned
                                                         CARE A1+(SO)
National Collateral Management ServiceCP (CP) issue      CARE A1+       2000    Reaffirmed
Ltd                                   (Carved out of
                                      working capital limits)
National Collateral Management ServiceCP (Standalone)    CARE A1+       1000    Assigned
Ltd
R. M. Automobiles                     ST Bk Fac          CARE A4        0.5     Assigned
Right Tight Fastners Pvt Ltd          ST Bk Fac          CARE A3+       156.3   Reaffirmed
Rpv Exports Pvt Ltd                   ST Bk Fac          CARE A4        50      -
(Issuer Not Cooperating); Based on best available information
Shree Malani Foams Pvt Ltd            ST Bk Fac          CARE A3+       12.5    -
(Issuer Not Cooperating); Based on best available information
Starcon Infra Projects India Pvt Ltd  ST Bk Fac          CARE A4+       150     Assigned
Sterlite Power Grid Ventures Ltd      Proposed CP*       CARE A1+       500     Placed on
                                                                                credit watch
                                                                                with developing
                                                                                implications
*carved out of the sanctioned working capital limits of the company.
Udayakumar Modern Rice Mill           ST Bk Fac          CARE A4        12.6    Assigned
Vellapally Brothers                   ST Bk Fac          CARE A4        2       Reaffirmed

LONG TERM RATINGS:
-------------------
Ads Diagnostic Ltd                    LT Bk Fac          CARE B+        14.5    Assigned
Ads Diagnostic Ltd                    LT/ Shortterm Bk   CARE B+ /CARE  100     Assigned
                                      Fac                A4
Adwalpalkar Construction And Resorts  LT Bk Fac          -              -       Withdrawn
Pvt Ltd
Aggarwal Coal Company                 LT Bk Fac          CARE B+        150     Assigned
Almondz Global Securities Ltd         LT Bk Fac          CARE BBB-      750     Assigned
Apollo Munich Health Insurance Co. LtdLT Instrument -    CARE AA        1540    Reaffirmed
                                      Sub. Bonds
Autostriping India Pvt Ltd            LT Bk Fac          CARE BB        90      Reaffirmed
Dipti Diamonds & Jewellery Pvt Ltd    LT Bk Fac          CARE B         120     Assigned
Family Investment Pvt Ltd             Issuer Rating*     CARE A+ (Is)   -       Assigned
*subject to the company maintaining overall debt cap of Rs 3500 crore
Flagship Developers Pvt Ltd           NCDs (ISIN no.     -              -       Withdrawn
                                      INE150S08038)
Hbs View Pvt Ltd                      LT Bk Fac          CARE D         1000    Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Hinduja Leyland Finance Ltd           LT Bk Fac          CARE AA-       127030  Reaffirmed
Indostar Capital Finance Ltd          LT Bk Fac          CARE AA-       69000   Reaffirmed
Indostar Capital Finance Ltd          Market-linked      CARE PP-MLD    1000    Reaffirmed
                                      Debentures         AA-;
Kameshwar Industries                  LT Bk Fac          CARE D         84.5    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Kanish Spinning Mill                  LT Bk Fac          CARE BB-       70      Assigned
Keyur Industries                      LT Bk Fac          CARE BB-       100     Revised from
                                                                                CARE BB
(Issuer Not Cooperating); Based on best available information
Keyur Industries                      LT / ST Bk Fac     CARE BB- /CARE 30      Revised from
                                                         A4                     CARE BB / A4+
(Issuer Not Cooperating); Based on best available information
Kissandhan Agri Financial Services PvtLT Bk Fac – TL*    -              -       Withdrawn
Ltd
* withdrawn based on the request from the company and No Objection Certificate 
from Nabkissan for satisfaction of charge stating that no amount was raised 
against the facility. (reduced from Rs.8 crore) 
Kissandhan Agri Financial Services PvtLT Bk Fac – CC     CARE A-        800     Reaffirmed
Ltd
Kissandhan Agri Financial Services PvtLong/ST Bk Fac     CARE A- /CARE  900     Reaffirmed
Ltd                                                      A2+
Kruti Power Projects Pvt Ltd          -                  -              -       Withdrawn
Kumar Arch Tech Pvt Ltd               LT Bk Fac          CARE BB+       64.5    Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Kumar Arch Tech Pvt Ltd               LT/ST Bk Fac       CARE BB+ /CARE 140     Revised from
                                                         A4+                    CARE BB /
                                                                                CARE A4
(Issuer Not Cooperating)
Maanaveeya Development & Finance Pvt LLT Bk Fac          CARE A-        600     -
Revised from CARE BBB+
Madura Micro Finance Ltd              NCD issue          CARE BBB+      400     Assigned
                                      (Proposed)
Namokar Enterprises                   LT Bk Fac          CARE B+        100     Assigned
Ozone Logistics Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Pawan Edifice Pvt Ltd                 LT Bk Fac          CARE D         114.4   Assigned
Perigee Infratech Pvt Ltd             LT Bk Fac          CARE BB+ (SO)  250     Final Rating*
*CARE has assigned final rating subsequent to the receipt of the sanction 
letter and duly executed corporate guarantee deed for bank facilities of Rs. 25 cr 
Perigee Infratech Pvt Ltd             LT Bk Fac          Provisional    500     Reaffirmed#
                                                         CARE BB+ (SO)
#CARE is yet to receive the sanction letter and duly executed corporate guarantee
 deed for bank facilities of Rs. 50 cr
R. M. Automobiles                     LT Bk Fac          CARE B+        49.5    Assigned
Right Tight Fastners Pvt Ltd          LT Bk Fac          CARE BBB+      723.7   Revised from
                                                                                CARE BBB
Shree Malani Foams Pvt Ltd            LT Bk Fac          CARE BBB       132.5   -
(Issuer Not Cooperating); Based on best available information
Shree Om Metals Pvt. Ltd.             LT Bk Fac          CARE B+        90      Reaffirmed
Shri Govind Realty Pvt Ltd            LT Bk Fac          CARE BB-       249     Assigned
Shri Ram Precisions                   LT Bk Fac          -              -       Withdrawn
Shriram Ozone Retail Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Silver Touch Technologies Ltd         LT Bk Fac          CARE BBB+      50      Assigned
Silver Touch Technologies Ltd         LT/ST Bk Fac       CARE BBB+      100     Assigned
                                                         /CARE A3+
Sonotel Hotels And Resorts Pvt Ltd    LT Bk Fac          -              -       Withdrawn
Sri Laxmi Srinivasa Industries        LT Bk Fac          CARE B+        127.7   Reaffirmed
Sri Seshasai Spinning Mills Pvt Ltd   LT Bk Fac          CARE B+        182.4   Assigned
Starcon Infra Projects India Pvt Ltd  LT Bk Fac          CARE BB+       50      Assigned
Treasure Realtors Pvt Ltd             LT Bk Fac          CARE D         540     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Truetzschler India Pvt Ltd            LT Bk Fac          CARE AA        160     Reaffirmed
Truetzschler India Pvt Ltd            LT/ST Bk Fac       CARE AA /CARE  100     Reaffirmed
                                                         A1+
Udayakumar Modern Rice Mill           LT Bk Fac          CARE B+        143.4   Assigned
Unipath Specialty Laboratory Ltd      LT Bk Fac          CARE BBB+      100     Assigned
Vellapally Brothers                   LT Bk Fac          CARE BB        97.5    Reaffirmed
Vichita Estate And Warehousing Pvt LtdLT Bk Fac          CARE B+        59      -
(Issuer Not Cooperating) Based on the best available information
Vivriti Confluence 072018 Originator: Series A1 PTC      Provisional    -       -
Samunnati Financial Intermediation And                   CARE A- (SO)
Services Pvt Ltd
Vivriti Confluence 072018 Originator: Series A2 PTC      Provisional    -       -
Samunnati Financial Intermediation And                   CARE BBB+ (SO)
Services Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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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