Reuters logo
CARE ratings for Indian debt instruments-Feb 5
February 5, 2015 / 5:27 AM / 3 years ago

CARE ratings for Indian debt instruments-Feb 5

Feb 5 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of February 4, 2015.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adinath Motors                        ST Bk Fac          CARE A4        5       Reaffirmed
Amarsagar Seafoods Pvt Ltd            ST Bk Fac          CARE A4        170     Reaffirmed
(enhanced from 13 CR)
Deepak Novochem Technologies Ltd      ST Bk Fac          CARE A3        160     Reaffirmed
Gujarat Multi Gas Base Chemicals Pvt  ST Bk Fac          CARE A3        30      Reaffirmed
Ltd
Hollis Vitrified Pvt Ltd              ST Bk Fac          CARE A4        27.5    Reaffirmed
Inani Marbles And Industries Ltd      ST Bk Fac          CARE A3        41      Reaffirmed
Kishore Vadilal Pvt Ltd               ST Bk Fac          CARE A3        50      Reaffirmed
Kla Foods India Ltd                   ST Bk Fac          CARE A4        75      Reaffirmed
Kse Electricals Pvt Ltd               ST Bk Fac          CARE A3+       93      Assigned
L-Comps And Impex Pvt Ltd             ST Bk Fac          CARE A4+       55      Assigned
Lyophilization Systems India Pvt Ltd  ST Bk Fac          CARE A4+       40      Assigned
Madhuram Construction Company         ST Bk Fac          CARE A3        120     Reaffirmed
(enhanced from 10 cr)
Patwa City Automobiles Pvt Ltd        ST Bk Fac          CARE A4        1       Reaffirmed
Radhamohan Builders Pvt Ltd           ST Bk Fac          CARE A4        13.1    Reaffirmed
Rituraj Holding Pvt Ltd               ST Bk Fac          CARE A4+       4       Reaffirmed
Rohit And Company                     ST Bk Fac          CARE A3        800     Revised from
                                                                                CARE A4+
S.Pal Enterprises Pvt Ltd             ST Bk Fac          CARE A4        30.1    Assigned
Se Forge Ltd                          ST Bk Fac          CARE D         585.8   Revised from
                                                                                CARE A4
Satija Motors Pvt Ltd                 ST Bk Fac          CARE A4        20      Assigned
Suryadev Alloys And Power Pvt Ltd     ST Bk Fac          CARE A3+       3490    Revised from
                                                                                CARE A3
(enhanced from 294 CR)
Tata Chemicals Ltd                    ST Bk Fac          CARE A1+       35800   Reaffirmed
United Infraventures Ltd              ST Bk Fac          CARE A4        10      Assigned
Nilachal Carbo Metalicks Pvt. Ltd.    Bk Fac             -              -       Suspended
Trust Investment Advisors Pvt. Ltd.   LT Bk Fac- Working CARE A-        2000    Assigned
                                      Capital Demand
                                      Loan

LONG TERM RATINGS:
-------------------
A.S. Motors Pvt Ltd                   LT Bk Fac          CARE B+        80      Reaffirmed
Adinath Motors                        LT Bk Fac          CARE BB-       123.6   Revised from
                                                                                CARE B+
(enhanced from 8.80 CR)
Ainaj Industries                      LT Bk Fac          CARE B+        170     Reaffirmed
Amarsagar Seafoods Pvt Ltd            LT Bk Fac          CARE BB        10.9    Revised from
                                                                                CARE BB-
(reduced from 1.96 CR)
Anand Tradelink Pvt. Ltd.             Bk Fac             -              -       Suspended
Anupam Industries                     LT Bk Fac          CARE B+        23.3    Reaffirmed
Anupam Industries                     LT / ST Bk Fac     CARE B+/CARE A449.5    Reclassified
                                                                                from Long
                                                                                term to LT/ST
(reduced from Rs.3.09 CR)
Arumugha Mudaliar Sornam Educational  LT Bk Fac          CARE D         51.3    Revised from
Trust                                                                           CARE BB-
Ashish Exports                        Bk Fac             -              -       Suspended
Axis Bank Ltd.                        Tier II Bonds      CARE AAA       25000   Assigned
                                      (Basel III)
Baldev Alloys Pvt Ltd                 Bk Fac             -              -       Suspended
Bcl Industries And Infrastructure Ltd Bk Fac             -              -       Suspended
Ceigall India Ltd                     Bk Fac             -              -       Suspended
Damasha Stampings                     LT Bk Fac          CARE BB-       36      Reaffirmed
Damasha Stampings                     LT / ST Bk Fac     CARE BB- /CARE 15      Reaffirmed
                                                         A4
Deepak Novochem Technologies Ltd      LT Bk Fac          CARE BBB-      290     Reaffirmed
Dungsam Cement Corporation Ltd.       LT Bk Fac          CARE BBB-      3082.1  Reaffirmed
Dunn Foods Pvt Ltd                    Bk Fac             -              -       Suspended
Esaf Microfinance And Investments Pvt.Series A PTCs      CARE BBB(SO)   15      Assigned
Ltd.
Future Eco Crete Pvt Ltd              LT Bk Fac          CARE B         195     Reaffirmed
(enhanced from 16 CR)
Goyal International                   Bk Fac             -              -       Suspended
Gujarat Ginning & Oil Industries      LT Bk Fac          CARE B         120     Reaffirmed
Gujarat Multi Gas Base Chemicals Pvt  LT Bk Fac          CARE BBB       174.1   Reaffirmed
Ltd
(enhanced from 13.27 CR)
Hollis Vitrified Pvt Ltd              LT Bk Fac          CARE BB-       179.6   Reaffirmed
Inani Marbles And Industries Ltd      LT Bk Fac          CARE BBB-      146.8   Reaffirmed
Inani Marbles And Industries Ltd      LT / ST Bk Fac     CARE BBB-      9       Reaffirmed
                                                         /CARE A3
Indiabulls Financial Services Ltd     IBFSL Direct       CARE AA+(SO)   -       Withdrawn
                                      Assignment Mar '12
                                      - IV Assignee Payouts
Joshi Technologies International Inc- LT Bk Fac          CARE A+        363.5   Reaffirmed
India Projects
Kishore Vadilal Pvt Ltd               LT Bk Fac          CARE BBB-      30      Reaffirmed
Kishore Vadilal Pvt Ltd               LT / ST Bk Fac     CARE BBB-      15      Reaffirmed
                                                         /CARE A3
Kla Foods India Ltd                   LT Bk Fac          CARE B+        25      Reaffirmed
Kse Electricals Pvt Ltd               LT Bk Fac          CARE BBB       462     Assigned
Lakshmipat Singhania Foundation For   LT Bk Fac          CARE BBB-      1210    Reaffirmed
Higher Learning
L-Comps And Impex Pvt Ltd             LT Bk Fac          CARE BB        95      Assigned
Lyophilization Systems India Pvt Ltd  LT Bk Fac          CARE BB+       25      Assigned
Madhuram Construction Company         LT Bk Fac          CARE BBB-      60      Reaffirmed
(enhanced from 4 cr)
Maruti Products Pvt Ltd               Bk Fac             -              -       Suspended
Nipani Industries                     Bk Fac             -              -       Suspended
Onyx Biotec Pvt Ltd                   Bk Fac             -              -       Suspended
Patel Knr Heavy Infrastructure Ltd    NCDs (NCDs)        CARE AAA(SO)   3764.5  Reaffirmed
Patel Knr Heavy Infrastructure Ltd    LT Bk Fac          CARE AAA(SO)   1189    Reaffirmed
                                      (External
                                      Commercial Borrowing) 
Patwa City Automobiles Pvt Ltd        LT Bk Fac          CARE BB        163.2   Revised from
                                                                                CARE BB-
(Enhanced from 10.72 CR)
Pradeep Fibres Pvt Ltd                LT Bk Fac          CARE BB        80      Reaffirmed
Radhamohan Builders Pvt Ltd           LT Bk Fac          CARE B+        77.1    Revised from
                                                                                CARE B-
Ranjit Toll Road Pvt Ltd              LT Bk Fac          CARE A(SO)     353.1   Revised from
                                                                                CARE A-(SO)
Rdr Exports                           Bk Fac             -              -       Suspended
Rituraj Holding Pvt Ltd               LT Bk Fac          CARE BB        10.9    Reaffirmed
(reduced from 2.60 CR)
Rituraj Holding Pvt Ltd               LT / ST Bk Fac     CARE BB /      63.9    Reaffirmed
                                                         CARE A4+
Rohit And Company                     LT Bk Fac          CARE BBB-      400     Revised from
                                                                                CARE BB+
Rpn Engineers Chennai Pvt Ltd         LT Bk Fac          CARE D         12.7    Revised from
                                                                                CARE B
Rpn Engineers Chennai Pvt Ltd         ST Bk Fac          CARE D         48.7    Revised from
                                                                                CARE A4
Rvr Marine Products Ltd               Bk Fac             -              -       Suspended
Sun Art Exporters                     LT Bk Fac          CARE A4+       72      Reaffirmed
S.Pal Enterprises Pvt Ltd             LT Bk Fac          CARE B         42.5    Assigned
Salasarhanumanji Grains Pvt Ltd       Bk Fac             -              -       Suspended
Satija Motors Pvt Ltd                 LT Bk Fac          CARE BB-       45      Assigned
Se Forge Ltd                          LT Bk Fac          CARE D         5918    Revised from
                                                                                CARE C
Shree Mangal Proteins Ltd             LT Bk Fac          CARE B+        150     Reaffirmed
Sri Anjaneya Agrotech Pvt Ltd         LT Bk Fac          CARE BB-       337.8   Revised from
                                                                                CARE B+
(enhanced from 21.78 CR)
Sumal India                           LT Bk Fac          CARE BB        100     Reaffirmed
Suryadev Alloys And Power Pvt Ltd     LT Bk Fac          CARE BBB       17667.4 Revised from
                                                                                CARE BBB-
(enhanced from 695.74 CR)
Tata Chemicals Ltd                    LT Bk Fac          CARE AA+       7650    Reaffirmed
Tayal And Company                     Bk Fac             -              -       Suspended
Techfab (India) Industries Ltd        Bk Fac             -              -       Suspended
United Infraventures Ltd              LT Bk Fac          CARE C         80      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 rru.data@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below