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CARE ratings for Indian debt instruments-Dec 12
December 12, 2016 / 5:08 AM / a year ago

CARE ratings for Indian debt instruments-Dec 12

Dec 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 09, 2016.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abhiraj Engicon Pvt Ltd               ST Bk Fac          CARE A4        25      Reaffirmed
Allcargo Logistics Ltd                CP (CP)            CARE A1+       2500    Reaffirmed
Brij Raj Holdings                     ST Bk Fac          CARE A4        107.5   Reaffirmed
Dhariwal Infrastructure Ltd           ST Bk Fac          CARE A3        1000    Reaffirmed

Entire Ceramics Ltd                   ST Bk Fac          CARE A4        10      Reaffirmed
Gem Electro Mechanicals Pvt Ltd       ST Bk Fac          CARE A3        16.5    Reaffirmed
Indian Farmers Fertilizer Cooperative ST Bk Fac          CARE A1+       225000  Reaffirmed
Ltd
Mittal Infrastructure Pvt Ltd         ST Bk Fac          CARE A4        10      Assigned
Phillips Carbon Black Ltd             CP issue (CP)*     CARE A1+       5000    Reaffirmed
* The aggregate of outstanding CP and other working capital borrowings shall be within the
sanctioned fundbased working capital limits with banks
Progility Technologies                ST Bk Fac          CARE A1        400     Revised from
                                                                                CARE A1+
Rajputana Industries Pvt Ltd          ST Bk Fac          CARE A4        80      Assigned
S. D. Corporation Pvt Ltd             CP (CP) Issue      CARE A1+       6400    Reaffirmed
S. D. Corporation Pvt Ltd             Proposed CP issue  Provisional
                                                         CARE A1+       1700    Reaffirmed




LONG TERM RATINGS:
-------------------
Aadheesh Texfab Pvt Ltd               LT Bk Fac          CARE BB-       161.5   Revised from
                                                                                CARE B+
Abhiraj Engicon Pvt Ltd               LT Bk Fac          CARE BB-       67.5    Reaffirmed
Adilabad Expressway Pvt Ltd           LT Bk Fac          CARE BB-       2917.6  Revised from
                                                                                CARE B
Agson Global Pvt Ltd                  Bk Fac             -              -       suspended
Anjali Aluminium Pvt Ltd              Bk Fac             -              -       suspended
Brij Raj Holdings                     LT Bk Fac          CARE BB-       20      Revised from
                                                                                CARE BB
C.A. Vegefruit Stores                 LT Bk Fac          CARE B+        143.7   Assigned
Dhariwal Infrastructure Ltd           LT Bk Fac          CARE BBB       31586.2 Reaffirmed
Dte Exports Pvt Ltd                   LT/ST Bk Fac       CARE BBB+      100     Reaffirmed
                                                         /CARE A2
Entire Ceramics Ltd                   LT Bk Fac          CARE BB+       298     Revised from
                                                                                CARE BB
Gem Electro Mechanicals Pvt Ltd       LT/ST Bk Fac       CARE BBB-      80      Reaffirmed
                                                         /CARE A3
Gmr Energy Ltd                        NCD                -              -       withdrawn
Indian Farmers Fertilizer Cooperative LT Bk Fac          CARE AA        55000   Reaffirmed
Ltd
Iskrupa Mall Management Company Pvt LtLT Bk Fac - TL     CARE BBB-      1500    Revised from
                                                                                CARE BB
Iskrupa Mall Management Company Pvt LtLT Bk Fac - Lease  CARE BBB-      360     Revised from
                                      Rental Discounting                        CARE BB
Jetpur Somnath Tollways Pvt Ltd       LT Bk Fac          CARE BBB       712     #
M & B Engineering Ltd                 Bk Fac             -              -       suspended
M. B. Enterprise                      Bk Fac             -              -       suspended
Mars Packaging Industries             LT Bk Fac          CARE B+        73.8    Assigned
Mittal Infrastructure Pvt Ltd         LT Bk Fac          CARE B+        60      Assigned
Phillips Carbon Black Ltd             LT Bk Fac          CARE A         8248.2  Reaffirmed
Phillips Carbon Black Ltd             LT/ST Bk Fac       CARE A/A1+     18500   Reaffirmed
Piccadily Hotels Pvt Ltd              LT Bk Fac          CARE B+        1710.1  Reaffirmed
Pradeep Udyog                         LT Bk Fac          CARE B+        100     Revised from
                                                                                CARE B
Progility Technologies                LT Bk Fac          CARE A         30      Revised from
                                                                                CARE A+
R.S. Green Foods Pvt Ltd              LT Bk Fac          CARE D         127.3   Revised from
                                                                                CARE B
Rajputana Industries Pvt Ltd          LT Bk Fac          CARE BB        198.3   Assigned
Rajputana Industries Pvt Ltd          LT/ST Bk Fac       CARE BB/A4     38.5    Assigned
Regaliaa Buildtech & Services India PvLT Bk Fac- LRD LoanCARE BB+       1175    Reaffirmed
Ltd.
Shree Ram Proteins Pvt Ltd            Bk Fac             -              -       suspended
Suraj Ispat                           LT Bk Fac          CARE B+        60      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)

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