April 11, 2018 / 5:04 AM / in 7 months

CARE ratings for Indian debt instruments-Apr 11

    Apr 11 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 10, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aurionpro Solutions Ltd               ST Bk Fac          CARE A3+       948.6   Reaffirmed
En En Electrical Engineers Pvt Ltd    ST Bk Fac          CARE A4        26      Assigned
Euro Solar Power Pvt Ltd              ST Bk Fac          CARE A2+       30      Assigned
G.K. Sales Corporation                ST Bk Fac          -              -       Withdrawn
Hara Parbati Potato Cold Storage Pvt  ST Bk Fac          CARE A4        1.2     Reaffirmed

Ib Valley Transport                   ST Bk Fac          CARE A4        50      Assigned
Nafis Tanning Industries              ST Bk Fac          CARE A4        15      Assigned
Reliance Industries Ltd               CP                 CARE A1+       300000  Reaffirmed
S. J. Green Park Energy Pvt Ltd       ST Bk Fac          CARE A2+       30      Assigned
Shilpa Electrification                ST Bk Fac          CARE A4        55      Assigned
Sri Venkata Lakshmi Narasimha SpinningST Bk Fac          CARE A4+       37.3    Assigned
Mills Pvt Ltd
Scotts Garments Ltd                   ST Bk Fac-FB       CARE D         4297.3  Revised from
                                                                                CARE A4
Scotts Garments Ltd                   ST Bk FacNon-FB    CARE D         403     Revised from
                                                                                CARE A4
Tata Teleservices Ltd                 CP issue           CARE A1+       134750  -
(Continues on Credit Watch With Developing Implications)



LONG TERM RATINGS:
-------------------
Aurionpro Solutions Ltd               LT Bk Fac          CARE BBB+      1073.6  Reaffirmed
Avaada Power Pvt Ltd                  LT Bk Fac –        CARE A-        1930    Revised CARE
                                      Non-fund Based                            BBB+
Avaada Power Pvt Ltd                  LT/STBk Fac - Fund CARE A- /CARE  1250    Revised CARE
                                      Based/Non-Fund     A2+                    BBB+ / A2
                                      Based
Avaada Power Pvt Ltd                  LT/ST Bk Fac –     CARE A- /CARE  2000    Revised CARE
                                      Nonfund Based      A2+                    BBB+ / A2
En En Electrical Engineers Pvt Ltd    LT Bk Fac          CARE B+        100     Assigned
Euro Solar Power Pvt Ltd              LT Bk Fac          CARE A-        324.7   Assigned
G.K. Sales Corporation                LT Bk Fac          CARE B+        60      Reaffirmed
Giriraj Renewables Pvt Ltd            LT Bk Fac – TL     CARE A-        750     Revised CARE
                                                                                BBB+
Giriraj Renewables Pvt Ltd            LT/ST Bk Fac –     CARE A-/A2+    1000    Revised CARE
                                      Non-fund Based                            BBB+/A2
Gokila Poultry Farm                   LT Bk Fac          CARE B+        80      Assigned
Hara Parbati Potato Cold Storage Pvt  LT Bk Fac          CARE B+        75.9    Reaffirmed
La Freight Lift Pvt Ltd               LT Bk Fac          CARE BB-       65      Assigned
N. Viswanathan                        LT Bk Fac          CARE B+        126.3   Assigned
Nafis Tanning Industries              LT Bk Fac          CARE BB-       45      Assigned
R. S. Foods                           LT Bk Fac          CARE BB-       219.7   Assigned
Rajendra Trucking Pvt Ltd             LT Bk Fac          CARE B         125     Assigned
Rashi Dall Mills                      LT Bk Fac          CARE BB-       76.4    Assigned
Rpg Industrial Product Pvt Ltd        LT Bk Fac          CARE BBB       150     Assigned
S. J. Green Park Energy Pvt Ltd       LT Bk Fac          CARE A-        307.7   Assigned
Sadguru Raghavendra Paraboiled        LT Bk Fac          CARE B         52.5    Assigned
Industries
Scotts Garments Ltd                   LT Bk FacTL        CARE D         414.9   Revised from
                                                                                CARE BB
Shilpa Electrification                LT Bk Fac          CARE BB-       20      Assigned
Sri Venkata Lakshmi Narasimha SpinningLT Bk Fac          CARE BB+       225.8   Assigned
Mills Pvt Ltd
V.R.K. Associates Pvt Ltd             LT Bk Fac          CARE B         120     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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