April 13, 2018 / 3:38 AM / 6 days ago

CARE ratings for Indian debt instruments-Apr 13

    Apr 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 12, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Cell Com Teleservices Pvt Ltd         ST Bk Fac          CARE A4+       135     Assigned
Flying Trade India Pvt Ltd            ST Bk Fac          CARE A4        550     Assigned
Mayurakshi Cold Storage Pvt Ltd       ST Bk Fac          CARE A4        2.1     Reaffirmed
Pratishna Engineers                   ST Bk Fac          CARE A4        42      Assigned

Praveedh Decor Pvt Ltd (Erstwhile     ST Bk Fac          CARE A4        22.5    Assigned
Prestige Interio Concepts Pvt Ltd)
Praveedh Decor Pvt Ltd (Erstwhile     Proposed ST Bk Fac CARE A4        12.5    -
Prestige Interio Concepts Pvt Ltd)
Shubh Shagun Packaging Pvt Ltd        ST Bk Fac          CARE A4        0.4     Assigned
Srie Flora Garmments                  ST Bk Fac          CARE A4        42.5    Assigned
Universal Cables Ltd                  ST Bk Fac          CARE A1        5985
Revised from CARE A2+

LONG TERM RATINGS:
-------------------
AFP Manufacturing Company Pvt Ltd     LT Bk Fac          CARE BB        299.5   Assigned
Cell Com Teleservices Pvt Ltd         LT Bk Fac          CARE BB+       65      Assigned
Diamond Polymers                      LT Bk Fac          CARE B+        51.2    Assigned
Gravity Ceramic Pvt Ltd               LT Bk Fac          CARE BB-       77.2    Assigned
Indiabulls Real Estate Company Pvt LtdLT-Bk Fac –Lease   CARE AA- (SO)  10000   Final Rating
                                      Rental Discounting
Kashibai Solar Energies               LT Bk Fac          CARE BB-       70      Assigned
Mahindra And Mahindra Financial       Unsecured NCD issueCARE AAA       12500   Assigned
Services Ltd
Mallaiah And Sons Edible Oils Pvt Ltd LT Bk Fac          CARE B         107.5   Assigned
Mayurakshi Cold Storage Pvt Ltd       LT Bk Fac          CARE B+        47.4    Reaffirmed
(reduced from 11.79 Crore)
Narwal Hatcheries                     LT Bk Fac          CARE B+        64.5    Assigned
Nivara Home Finance Ltd               Proposed LT Fac    CARE BBB-      600     Assigned
Oasis School                          LT Bk Fac          CARE BB-       50      Assigned
Paresh Rice And Pulse Mill            LT Bk Fac          CARE B+        73.1    Assigned
Pratishna Engineers                   LT Bk Fac          CARE BB-       18      Assigned
Praveedh Decor Pvt Ltd (Erstwhile     LT Bk Fac          CARE B+        22.2    Assigned
Prestige Interio Concepts Pvt Ltd)
Praveedh Decor Pvt Ltd (Erstwhile     Proposed LT Bk Fac CARE B+        10      -
Prestige Interio Concepts Pvt Ltd)
Radhe Cotton Company                  LTBk Fac           CARE D         55.8    -
Issuer Not Cooperating;Revised from CARE B+; Stable, Issuer Not Cooperating
Rosha Alloys Pvt Ltd                  LT Bk Fac          CARE B+        75      Assigned
Shiv Parvati Solar Energy             LT Bk Fac          CARE BB-       70      Assigned
Shubh Shagun Packaging Pvt Ltd        LT Bk Fac          CARE B+        52.4    Assigned
Smbt Sevabhavi Trust                  LT Bk Fac          CARE D         1404.6  -
Issuer Not Cooperating; Revised from CARE B; on the basis of best available information
Smbt Sevabhavi Trust                  ST Bk Fac          CARE D         236     -
Issuer Not Cooperating; Revised from CARE A4; on the basis of best available information
Srie Flora Garmments                  LT Bk Fac          CARE B+        17.5    Assigned
St. Patricks Realty Pvt Ltd           LT Bk Fac^         CARE BBB (SO)  1750    Assigned
^ The above rating is based upon credit enhancement in form of unconditional and irrevocable
cross guarantees by Sweta Estates Private Limited and St. Patricks Realty Private Limited. 
Sweta Estates Pvt Ltd                 LT Bk Fac^         CARE BBB (SO)  3750    Assigned
^ The above rating is based upon credit enhancement in form of unconditional and irrevocable
cross guarantees by Sweta Estates Private Limited and St. Patricks Realty Private Limited. 
The Gujarat Cancer Society            Long- term/ ST Bk  CARE A-/A2+    150     Assigned
                                      Fac
Thirumalsree Spinners Pvt Ltd         LT Bk Fac          CARE B+        100     Assigned
Tulsi Cotton Mills Pvt Ltd            LT Bk Fac          CARE BB+       150     Assigned
Universal Cables Ltd                  LT Bk Fac          CARE A         2970
Revised from CARE A-
Universal Cables Ltd                  LT / ST Bk Fac     CARE A/A1      40
Revised from CARE A-/ CARE A2+
West Inn Ltd                          LT Bk Fac          -              -       Withdrawn
Woodside Parks Ltd                    NCDs (NCD)         -              -       Withdrawn

--------------------------------------------------------------------------------------------
$: 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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