December 9, 2016 / 4:32 AM / a year ago

CARE ratings for Indian debt instruments-Dec 9

Dec 9 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 8, 2016.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Arihant Tiles And Marbles Pvt Ltd     ST Bk Fac          CARE A4        23.8    Revised from
                                                                                CARE A4+
Autolite (India) Ltd                  ST Bk Fac          CARE A4        155     Assigned
Balkrishna Spintex Pvt Ltd            ST Bk Fac          CARE A4        28.5    Reaffirmed

Electromech                           ST Bk Fac          CARE A4        55      Reaffirmed
Komal Singh Kothari Rajendra Singh    ST Bk Fac          CARE A4        15      Assigned
Kothari
Rapicut Carbides Ltd                  ST Bk Fac          CARE A3+       37.5    Reaffirmed
(enhanced from 3.25 CR)
Shiv Mahal Textiles Pvt Ltd           ST Bk Fac          CARE A4        15      Reaffirmed
Shree Transformers                    ST Bk Fac          CARE A4        60      Reaffirmed

LONG TERM RATINGS:
-------------------
Arihant Tiles And Marbles Pvt Ltd     LT/ST Bk Fac       CARE BB        190.5   Revised from
                                                                                CARE BB+ /
                                                                                CARE A4+
Associated Dyestuff Pvt Ltd           Bk Fac             -              -       withdrawn
Autolite (India) Ltd                  LT Bk Fac          CARE BB        72      Assigned
Balkrishna Spintex Pvt Ltd            LT Bk Fac          CARE BB        473.5   Revised from
                                                                                CARE B+
Blue Blends (India) Ltd               Redeemable         CARE BB        90      Reaffirmed
                                      Non-convertible
                                      Noncumulative PS
Cardinal Energy And Infrastructure PvtBk Fac             -              2730.5  withdrawn
Ltd
Chhattisgarh Wr Transmission Ltd.     LT Bk Fac          CARE A-        7550    Assigned
Divyasree Nsl Infrastructure Pvt Ltd  LT Bk Fac          CARE A-(SO)    9520    Revised from
                                                                                CARE BBB+(SO)
Electromech                           LT Bk Fac          CARE BB-       50      Reaffirmed
Gvk Emergency Management And Research LT Bk Fac          CARE BBB+      360     Revised from
Institute                                                                       CARE BBB
Gvk Emergency Management And Research LT/ST Bk Fac       CARE BBB+      110     Revised from
Institute                                                /CARE A3+              CARE BBB /
                                                                                CARE A3+
Gvk Janani Shishu Suraksha (Up)       LT Bk Fac          CARE BBB       147     Revised from
                                                                                CARE BBB-
Gvk Janani Shishu Suraksha (Up)       LT/ST Bk Fac       CARE BBB /CARE 800     Revised from
                                                         A3                     CARE BBB- /
                                                                                CARE A3
(enhanced from Rs.70.00 crore)
Inox World Industries Pvt Ltd         Bk Fac             -              -       suspended
K. M. M. Foods Pvt Ltd                LT Bk Fac          CARE D         56.6    Assigned
Kg Fabriks Ltd                        LT Bk Fac          CARE C         133.3   Assigned
Komal Singh Kothari Rajendra Singh    LT Bk Fac          CARE BB-       16.9    Assigned
Kothari
Micro Housing Finance Corporation Ltd.LT Bk Fac          CARE A-        1500    Reaffirmed
(enhanced from 100 CR)
Micro Housing Finance Corporation Ltd.NCD                CARE A-        531     Reaffirmed
(enhanced from 50 CR)
Moon Spinners Ltd                     LT Bk Fac          CARE BBB       197.7   Reaffirmed
(reduced from 21.50 CR)
Parishi Diamond                       Bk Fac             -              -       suspended
Rapicut Carbides Ltd                  LT Bk Fac          CARE BBB-      11      Assigned
Rapicut Carbides Ltd                  LT/ST Bk Fac       CARE BBB-      47      Reaffirmed
                                                         /CARE A3+
Ratna Infracon Pvt Ltd                Bk Fac             -              -       withdrawn
Seyad Cotton Mills Ltd                LT Bk Fac          CARE BBB-      190.6   Reaffirmed
(reduced from 19.98 CR)
Shiv Mahal Textiles Pvt Ltd           LT Bk Fac          CARE BB-       172.7   Reaffirmed
Shree Transformers                    LT Bk Fac          CARE BB-       50      Reaffirmed
Sunworld Developers Pvt Ltd           Bk Fac             -              -       withdrawn
Trishul Exotic Pvt Ltd                Bk Fac             -              -       suspended
Varda Spinning And Weaving Mills Pvt  Bk Fac             -              -       suspended
Ltd    
Worldfa Exports Pvt Ltd               Bk Fac             -              -       suspended
--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
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