April 2, 2019 / 9:33 AM / 2 months ago

CARE ratings for Indian debt instruments-Apr 2

    Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 1, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aesthetic Living Merchants Pvt Ltd    ST Bk Fac          CARE A4        153.1   Reaffirmed
(enhanced from Rs.15.05 crore Crore)
Arkay Energy (Rameswaram) Ltd         ST Bk Fac          CARE D         50      Reaffirmed
Autoline Industries Ltd               ST Bk Fac          CARE D         200     Reaffirmed
Agarwal General Engineering Works Pvt ST Bk Fac          CARE A4        60      Revoked from
Ltd                                                                             CARE A4
(Issuer Not Cooperating)
Amr India Ltd                         ST Bk Fac          CARE D         5702.2  Reaffirmed
(reduced from 577.48 Crore)
Alucop India Pvt Ltd                  ST Bk Fac          CARE A4        350
(Issuer Not Cooperating)
Avg Logistics Ltd.                    ST BkFac           CARE A3+       85      Reaffirmed
Bafna Motors (India) Pvt Ltd          ST Bk Fac          CARE A4        10      Reaffirmed
Bebitz Flanges Works Pvt Ltd          ST Bk Fac          CARE A2        120     Reaffirmed
Bharat Industries-Agra                ST BkFac           CARE A4        59.5
(Issuer Not Cooperating)
Cable Corporation Of India Ltd        ST Bk limits       CARE A4        1120    Reaffirmed
(reduced from 160.00 Crore)
Canara Robeco Mutual Fund             ST Bk facility     CARE A1+       10000   Reaffirmed
Cec Flavours And Fragrances Pvt Ltd   ST Bk Fac          CARE A4        9.5
(Issuer Not Cooperating)
Centurion Tea Factory                 ST Bk Fac          CARE A4        2.5     Reaffirmed
Cesc Ltd                              ST BkFac           CARE A1+       2500    Reaffirmed
Cesc Ltd                              CP (CP) issue      CARE A1+       13000   Reaffirmed
Crystal Crop Protection Ltd           ST BkFac           CARE A1        3566
(Issuer Not Cooperating)
Dcb Bank Ltd                          ST Bk Fac          CARE A1+       3000    Reaffirmed
Deen Dayal Foods Pvt Ltd              ST Bk Fac          CARE D         20      Revoked from
                                                                                CARE D
(Issuer Not Cooperating)
Drugs India                           ST Fac             CARE A4        0.5     Assigned
Epson Vitrified Pvt Ltd               ST Bk Fac          CARE A4        22.5    Reaffirmed
Ernst & Young Llp                     ST Bk Fac          -              -       Withdrawn
Ernst & Young Services Pvt Ltd        ST Bk Fac          -              -       Withdrawn
Ess And Bee International             Short term Bk Fac  CARE A4        60.1    Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)
Eternal Motors Pvt Ltd                ST Bk Fac          CARE A4+       40
(Issuer Not Cooperating)
Flemingo Dutyfree Shop Pvt Ltd        ST Bk Fac          CARE A2+       150
Continues onCredit Watch withDeveloping Implications
Great Eastern Hire Purchase Pvt Ltd   ST BkFac           CARE A3+       21      Assigned
Greenko Energy Projects Pvt Ltd       Proposed NCD issue CARE A1+ (SO)  1500    Assigned
                                      *
*Proposed to be backed by unconditional and irrevocable corporate guarantee of Greenko Energies
Private Limited (GEPL; rated ‘CARE A+; Stable/CARE A1+’).   
Guru Kirpa Agro Industries            ST Bk Fac          CARE A4        150     Reaffirmed
Guru Maharaj Construction             ST Bk Fac          CARE A4+       60      Assigned
Hits Exports                          ST BkFac           CARE A4        80
(Issuer Not Cooperating)
Indian Infrabuilt Pvt Ltd             ST Bk Fac          CARE A4        60      Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)
Ikf Finance Ltd                       ST Bk Fac          -              -       Withdrawn
Investment & Precision Castings Ltd   ST Bk Fac          CARE A3+       40      Reaffirmed
Jay Chemical Industries Ltd           ST Bk Fac          CARE A1+       600     Reaffirmed
Jay Jay Mills India Pvt Ltd           ST Bk Fac          CARE A2        1600    Reaffirmed
(enhanced from 140 Crore)
Jayem Automotives Pvt Ltd             ST BkFac           CARE A2        150
(Issuer Not Cooperating)
Jsons Foundry Pvt Ltd                 Short -Term Bk Fac CARE A3        60      Assigned
Jupiter Rice Mill                     LT/ST Bk Fac       CARE A4        1.4     Assigned
K R Pulp & Papers Ltd                 STBk Fac           CARE A2+       275     Revised from
                                                                                CARE A1
(Issuer Not Cooperating)
Kailash Trading Corporation           ST Bk Fac          CARE A4        63.5
(Issuer Not Cooperating)
Kaira District Cooperative Milk       ST Bk Fac          CARE A1+       12300   Reaffirmed
Producers Union Ltd
(enhanced from 1,045.00 Crore)
Kalsi Brothers                        Short term Bk Fac  CARE A4        130     Reaffirmed
Ken Agritech Pvt Ltd                  ST Bk Fac          -              -       WithdrawnKie
Engineering Pvt Ltd               ST BkFac           CARE A2+       20      Reaffirmed
Kumar Civil Infra Consortium India PvtST Fac             CARE A4        50
Ltd
(Issuer Not Cooperating)
Laj Exports Ltd                       ST Bk Fac          CARE A4+       600
(Issuer Not Cooperating)
M A Enterprises                       ST BkFac           CARE A3+ (SO)  380     Reaffirmed
Mandhana Industries Ltd               ST Bk Fac          CARE D         875
(Issuer Not Cooperating)
Mahabal Auto Ancillaries Pvt Ltd      ST Bk Fac          CARE A3+       0.2     Reaffirmed
Mahender Singh Contractor             ST BkFac           CARE A4        60
(Issuer Not Cooperating)
Mamb Woollens Pvt Ltd                 STBk Fac           CARE A4        10      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Maruti Heavy Engineering Udyog        ST Bk Fac          CARE A4        35      Assigned
Minda Kyoraku Ltd                     ST Bk Fac- Nonfund CARE A2+       10      Reaffirmed
                                      based
(Reduced from 1.50 Crore)
Muralikrishna Infracon (Bangalore) PvtST Bk Fac          CARE D         90
Ltd
(Issuer Not Cooperating)
Modern Papers                         ST Bk Fac          CARE A1 (SO)   50
(Issuer Not Cooperating)
Nangalwala Chemical Industries        LT / ST Bk Fac     CARE A4        30
(Issuer Not Cooperating)
Nangalwala Industries Pvt Ltd         ST Bk Fac          CARE A4        100
(Issuer Not Cooperating)
Natural Storage Solutions Pvt Ltd     ST Bk Fac          CARE A4+       140     Revised from
                                                                                CARE A3
Newtech Creations                     LT Bk Fac          CARE A4        65      Assigned
Orissa Metaliks Pvt Ltd               ST Bk Fac          -              -       WithdrawnPooja
Associates (Contract Division)  ST Bk Fac          CARE A4        80      Assigned
Pooja International                   ST BkFac           CARE A4        140
(Issuer Not Cooperating)
Precision Camshafts Ltd               ST Bk Fac          CARE A1        795     Reaffirmed
(enhanced* from 44.00 Crore)/*change in nature of bank facilities
Pristine Mega Logistics Park Pvt Ltd  ST Bk Fac - Non    CARE A3+       50      Reaffirmed
                                      fund based
Proconnect Supply Chain Solutions Ltd ST Bk Fac (Non     CARE A1+       140     Revised from
                                      Fund Based)                               CARE A1
(enhanced from 1.00 Crore)
Proconnect Supply Chain Solutions Ltd CP Issue           CARE A1+       100     Revised from
                                      (Proposed)                                CARE A1 (A
                                                                                One)
(Rupees Ten crore only Crore)
Qh Talbros Pvt Ltd                    ST Bk Fac          CARE A2+       200     Reaffirmed
R.R.Stones Pvt Ltd                    ST Bk Fac          CARE A4        70      Reaffirmed
(Reduced from Rs.10.00 crore)
Rani Constructions Pvt Ltd            ST Bk Fac          CARE A4        537.8
(Issuer Not Cooperating)
Renjin Construction                   ST Bk Fac          CARE A4        70      Assigned
Rieco Industries Ltd                  ST BkFac           CARE A1 (SO)   600     Reaffirmed
Rochem Separation Systems (India) Pvt ST BkFac           CARE A3        320.4
Ltd
(Issuer Not Cooperating)
Saveetha Institute Of Medical And     ST Bk Fac          -              -       Withdrawn
Technical Sciences
S.V.K. Shipping Services Pvt Ltd      LT Bk Fac          CARE A4        10      Reaffirmed
Saraswathi Timber                     ST Bk Fac          CARE A4        67.5    Assigned
Shree Gopinath Paper Mills Pvt Ltd    ST BkFac           CARE A4        12.5
(Issuer Not Cooperating)
Shrishaila Electricals (India) Pvt LtdShort- term BkFac  CARE A4        100
(Issuer Not Cooperating)
Singhi Infrapower Projects Pvt Ltd    ST Bk Fac          CARE A4        210     Revised from
                                                                                CARE A4
(Issuer Not Cooperating)/(enhanced from 18.00 Crore)
Sohum Shoppe Pvt Ltd.                 ST Bk Fac (Non     CARE A3        3.6     Reaffirmed
                                      Fund Based)
Solace Engineers Marketing Pvt Ltd    ST Bk Fac          CARE A4        20
(Issuer Not Cooperating)
Sravan Shipping Services Pvt Ltd      ST Bk Fac          CARE A3+       100     Assigned
Sree Balaji Associates                ST Bk Fac          CARE A4        49      Reaffirmed
Sri Salasar Balaji Agro Tech Pvt Ltd  ST BkFac           CARE A4        150     Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Staragri Finance Ltd                  ST Bk Fac          CARE A2        500     Reaffirmed
Sterlite Power Grid Ventures Ltd      Proposed CP (CP)   CARE A1+       500^    Reaffirmed
                                      issue*
removed from Credit watch with developing implication/* carved out of working capital facilities
Supreme Batteries Pvt Ltd             ST BkFac           CARE A4+       105     Reaffirmed
(Rs. 10.50 crore Crore)
Swastika Electricals & Fertilizers    ST BkFac           CARE A4+       90      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Tara Shakti Rice Mill                 ST BkFac           CARE A4        4.8     Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Tas Foundries Pvt Ltd                 ST Bk Fac          CARE A4+       15      Assigned
Transstadia Technologies Pvt. Ltd     ST Bk Fac          CARE A4        25
(Issuer Not Cooperating)
Undercarriage And Tractor Parts Pvt LtST Bk Fac          CARE A4+       25      Reaffirmed
Unitriveni Overseas                   ST Bk Fac          CARE A4        30      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Universal Exports                     ST BkFac           CARE A4        65
(Issuer Not Cooperating)
Vaishali Gems                         ST Bk Fac          CARE A4        60
(Issuer Not Cooperating)
Ved Prakash Mithal And Sons           ST Bk Fac          CARE A4        40
(Issuer Not Cooperating)
Vindyavasini Traders                  ST BkFac           CARE A4        35.5
(Issuer Not Cooperating)
Western Precicast Pvt Ltd             Short -Term Bk Fac CARE A3        10      Assigned
Wires & Fabriks (Sa) Ltd              ST Bk Fac          CARE A3+       77.5    Reaffirmed

LONG TERM RATINGS:
-------------------
A.K. Capital Services Ltd.            LT Bk Fac          -              -       Withdrawn
Adani Transmission Ltd                Proposed NCD (NCD) CARE AA+       10000   Assigned
                                      issue
Adishwar India Ltd                    LT Bk Fac          CARE BBB-      580     Reaffirmed
Aeries Cv Trust March 2015            Series A1 PTCs     -              -       Withdrawn
(Originator: Hinduja Leyland Finance
Ltd)
Aesthetic Living Merchants Pvt Ltd    LT Bk Fac          CARE BB        110.3   Reaffirmed
(enhanced from Rs.0.38 crore Crore)
Agarwal General Engineering Works Pvt LT Bk Fac          CARE B         15      Revoked from
Ltd                                                                             CARE B
(Issuer Not Cooperating)
Ahir Salt & Allied Products Pvt Ltd   LT Bk Fac          CARE BB+       843.9   Reaffirmed
(reduced from Rs.127.55 crore Crore)
Alfa Therm Ltd                        LT BkFac           CARE B+        25      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Alfa Therm Ltd                        LT/ST BkFac        CARE B+/A4     26.7    Revised from
                                                                                CARE BB-/CARE
                                                                                A4
(Issuer Not Cooperating)
Alucop India Pvt Ltd                  LT Bk Fac          CARE BB-       100
(Issuer Not Cooperating)
Alwar General Finance Company Pvt. LtdLT Bk Fac          CARE BB+       100     Revised from
                                                                                CARE BB
Amr India Ltd                         LT Bk Fac          CARE D         3750.2  Reaffirmed
(reduced from 654.13 Crore)
Amtrak Technologies Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Amtrak Technologies Pvt Ltd           Long/ST Bk Fac     -              -       Withdrawn
Angriya Sea Eagle Pvt Ltd             Long -term BkFac   CARE B+        120
(Issuer Not Cooperating)
Arkay Energy (Rameswaram) Ltd         LT Bk Fac          CARE D         1316    Reaffirmed
Ashiana Landcraft Realty Pvt Ltd      LT Bk Fac          -              -       Revised from
                                                                                CARE B+ to
                                                                                CARE D and
                                                                                Withdrawn
Autoline Industries Ltd               LT Bk Fac          CARE D         1249.1  Reaffirmed
Avg Logistics Ltd.                    LT BkFac- CC       CARE BBB       275     Reaffirmed
(reduced from 29.50 Crore)
Avg Logistics Ltd.                    LT BkFac-TL        CARE BBB       115     Assigned
Ayushajay Construction Pvt Ltd        LT Bk Fac          CARE BBB+      40      Reaffirmed
Ayushajay Construction Pvt Ltd        LT/ ST BkFac       CARE BBB+/A2   810     Reaffirmed
Bafna Motors (India) Pvt Ltd          LT Bk Fac – TL     CARE B         99.7    Revised from
                                                                                CARE B+
Bafna Motors (India) Pvt Ltd          LT Bk Fac – CC     CARE B         180     Revised from
                                                                                CARE B+
Bebitz Flanges Works Pvt Ltd          LT Bk Fac- TL      CARE BBB       120.9   Reaffirmed
(reduced from 16.88 Crore)
Bebitz Flanges Works Pvt Ltd          LT Bk Fac- Fund    CARE BBB       885     Reaffirmed
                                      Based
Bhamra Agro Industries Pvt Ltd        LT BkFac           CARE B         72      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Bharat Industries-Agra                LT BkFac           CARE B+        3       Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Bholanath Zaveri Jewelers Pvt Ltd     LT BkFac           CARE B+        66
(Issuer Not Cooperating)
Bridgestone India Pvt Ltd             LT/ST BkFac        CARE AAA/A1+   4730    Reaffirmed
Brightstar Healthcare Pvt Ltd         Long Term Bk Fac   CARE B         300
(Issuer Not Cooperating)
Cable Corporation Of India Ltd        LT Bk limits       CARE C         388.5   Reaffirmed
Cec Flavours And Fragrances Pvt Ltd   Long -term Bk Fac  CARE BB        250
(Issuer Not Cooperating)
Centurion Tea Factory                 LT Bk Fac          CARE B+        73.4    Reaffirmed
Cesc Ltd                              LT BkFac           CARE AA        28020.2 Reaffirmed
(enhanced from 2,661.07 Crore)
Cfc Carriers Pvt Ltd                  Long Term Bk Fac   CARE BB        152.5
(Issuer Not Cooperating)
Chaitanya Hi-Tech Engineering Company Long -term Bk Fac  CARE BB-       82      Revised from
Pvt Ltd                                                                         CARE BB
Chandrapur Municipal Corporation      Issuer Rating      CARE BBB (Is)  -       Reaffirmed
Chaudhary Agro Foods Industry         LT Bk Fac          CARE B         53      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Classic Promoters And Builders Pvt LtdNCD                CARE B         2000
(Issuer Not Cooperating)
Columbia Asia Hospitals Pvt Ltd       LT Bk Fac          -              -       Withdrawn
Crystal Crop Protection Ltd           LT BkFac           CARE A         2934
(Issuer Not Cooperating)
D.S. Drinks And Beverages Pvt Ltd     LT Bk Fac          -              -       Withdrawn
Darpan Vinimay Pvt Ltd                LT Bk Fac          CARE BBB-      99.5    Reaffirmed
Dcs Ltd                               LT Bk Fac          CARE BB+       1215.5  Reaffirmed
Deen Dayal Foods Pvt Ltd              LT Bk Fac          CARE D         94.9    Revoked from
                                                                                CARE D
(Issuer Not Cooperating)
Diagold Creations Pvt Ltd             LT / ST Bk Fac     CARE BB-/A4    80      Reaffirmed
Dmi Foundation                        LT Bk Fac          CARE BBB-      143.7   Reaffirmed
Drugs India                           LT Bk Fac          CARE B+        75      Assigned
Epson Vitrified Pvt Ltd               LT Bk Fac          CARE BB-       75      Reaffirmed
Ernst & Young Llp                     LT Bk Fac          CARE AA+       875     Reaffirmed
Eternal Motors Pvt Ltd                LT Bk Fac *        -              -       Withdrawn
* CARE has withdrawn the outstanding ratings of CARE BB; Stable/ CARE A4+; [Double B; Outlook:
Stable/ A Four Plus] assigned to the part of bank facilities
Eternal Motors Pvt Ltd                LT/ST Bk Fac @     -              -       Withdrawn
@ CARE has withdrawn the outstanding ratings of ‘CARE BB; Stable/ CARE A4+; [Double B; Outlook:
Stable/ A Four Plus] assigned to the part of bank facilities availed by company with immediate
effect. The above action has been taken at the request of company and ‘No Objection letter’
received from bank that has extended the facilities rated by CARE.  
Eternal Motors Pvt Ltd                LT Bk Fac          CARE BB        32.5
(Issuer Not Cooperating)/(reduced from Rs.5.31 Crore)
Eternal Motors Pvt Ltd                LT/ST Bk Fac       CARE BB/A4+    80
(Issuer Not Cooperating)/(reduced from Rs.19.00 Crore)
Flemingo Dutyfree Shop Pvt Ltd        Proposed NCDs (NCD)-              -       Withdrawn*
*The rating assigned to Proposed NCD issue was withdrawn based on the request for withdrawal,
and the written confirmation by Flemingo Dutyfree Shop Private Limited that company has never
utilized the rated instrument for mobilizing funds, as a result, there are no outstanding
against the rated instrument.
Flemingo Dutyfree Shop Pvt Ltd        LT Bk Fac          CARE A         555.4
(reduced from 68.95 Crore)/Continues onCredit Watch withDeveloping Implications
Flemingo Dutyfree Shop Pvt Ltd        LT/ST BkFac        CARE A/A2+     2163.5
(enhanced from 216.05 Crore)/Continues onCredit Watch withDeveloping Implications
G V Audio Visionn Pvt Ltd             LT Bk Fac          CARE B         75      Assigned
Gemini Cv Trust Ii Dec 2017           Second Loss        CARE A- (SO)   -
[Originator: Hinduja Finance Ltd (Hlf)Facility
Gemini Cv Trust Ii Dec 2017           Series A PTCs      CARE AAA (SO)  -
[Originator: Hinduja Finance Ltd (Hlf)]
Gkd India Ltd                         LT Bk Fac          CARE BB+       66.5*   Revised from
                                                                                CARE BB
*GKD s rating of term loan of Indian overseas bank has been withdrawn post receipt of No dues
certificate from the banker.
Global Entrade                        LT Bk Fac          CARE BB        100     Reaffirmed
Gn Poultry Farms                      LT BkFac           CARE B         60
(Issuer Not Cooperating)
Goel Roadways                         LT Bk Fac          -              -       Withdrawn
Great Eastern Hire Purchase Pvt Ltd   LT BkFac           CARE BBB+      679     Assigned
Green Wood Poultries                  LT BkFac           CARE B         64.7    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Gujarat Chemical Port Terminal Co. LtdLT Bk Fac          CARE AAA       115.6   Reaffirmed
(reduced from 32.63 Crore)
Guru Kirpa Agro Industries            LT Bk Fac          CARE B+        103.4   Reaffirmed
(reduced from Rs.12.96 crore Crore)
Guru Maharaj Construction             LT Bk Fac          CARE BB+       40      Assigned
H. G. Infratech Pvt Ltd               LT Bk Fac          CARE B+        280     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Hardman Mfi Northern Arc 2018         Series A1 PTCs     CARE A (SO)    -       -
(Originator: Madura Micro Finance Ltd
(Mmfl))
Hardman Mfi Northern Arc 2018         Series A2 PTCs     CARE A- (SO)   -       -
(Originator: Madura Micro Finance Ltd
(Mmfl))
Hdfc'S Assignment Of Receivables Of OcAssignee Payouts   Equivalent     -
10 - Ii [Originator: Hdfc Ltd]                           toCARE AAA
Hdfc'S Assignment Of Receivables Of OcSecond loss        Equivalent     -
10 - Ii [Originator: Hdfc Ltd]        Facility           toCARE AAA
Hdfc'S Assignment Of Receivables Of OcAssignee Payouts   Equivalent     -
10 -I [Originator: Hdfc Ltd]                             toCARE AAA
Hdfc'S Assignment Of Receivables Of OcSecond loss        Equivalent     -
10 -I [Originator: Hdfc Ltd]          Facility           toCARE AAA
Hdfc'S Assignment Of Receivables Of OcAssignee Payouts   Equivalent     -
11 [Originator: Hdfc Ltd]                                toCARE AAA
Hdfc'S Assignment Of Receivables Of OcSecond loss        Equivalent     -
11 [Originator: Hdfc Ltd]             Facility           toCARE AAA
Hind Unitrade Pvt Ltd                 LT Bk Fac          CARE BB        175     Reaffirmed
Hindustan Construction Co. Ltd        LT Bk Fac-TL       CARE D         16075.3 Reaffirmed
Hindustan Construction Co. Ltd        LT Bk Fac-CC       CARE D         10653.8 Reaffirmed
Hindustan Construction Co. Ltd        LT/ST Bk Fac – Non CARE D         47758   Reaffirmed
                                      Fund based
Hindustan Construction Co. Ltd        Non – Convertible  CARE D         467.3   Reaffirmed
                                      Debenture I
Hindustan Construction Co. Ltd        Non – Convertible  CARE D         560.7   Reaffirmed
                                      Debenture II
Hits Exports                          LT BkFac           CARE B         10      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Ibhfl Da Mar 12 I (Originator:        Assignee Payouts                  -       Withdrawn
Indiabulls Housing Finance Ltd)
Ikf Finance Ltd                       LT Bk Fac          CARE A         10650   Reaffirmed
(enhanced from 801 Crore)
Ikf Finance Ltd                       NCD (NCD) issue    CARE A         250     Assigned
India Home Loan Ltd                   LT Bk Fac          CARE BBB-      2000    Reaffirmed
Indian Infrabuilt Pvt Ltd             LT Bk Fac          CARE BB-       85      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Indian Infrabuilt Pvt Ltd             Long/ST Bk Fac     CARE BB-/A4    5       Revised from
                                                                                CARE BB/CARE
                                                                                A4+
(Issuer Not Cooperating)
Indiana International Corporation     Long -term Bk Fac  CARE B+        61.5    Revised from
Flooring Pvt Ltd                                                                CARE BB-
(Issuer Not Cooperating)
Investment & Precision Castings Ltd   LT Bk Fac          CARE BBB       632.3   Reaffirmed
(reduced from Rs.65.87 crore Crore)
Irc Concrete Mix India Pvt Ltd        Long -term Bk Fac  CARE B+        48.7
(Issuer Not Cooperating)
Ireo Grace Realtech Pvt Ltd           LT Bk Fac          CARE D         4975    Revised from
                                                                                CARE D
(Issuer Not Cooperating)
Jagat Vijay Printers                  LT Bk Fac (TL)     CARE BBB       163     Reaffirmed
(reduced from 17.19 Crore)
Jagat Vijay Printers                  LT Bk Fac (Fund    CARE BBB       35.7    Reaffirmed
                                      based)
Jagath Milk Dairy                     Long -term Bk Fac  CARE B+        98.7
(Issuer Not Cooperating)
Jagath Transport                      LT BkFac           CARE B+        50
(Issuer Not Cooperating)
Jai Shri Balaji Infracon Pvt Ltd      LT Bk Fac          CARE B+        90      Revised from
                                                                                CARE BB-;
(Issuer Not Cooperating)
Jain Sons Finlease Ltd                LT Bk Fac          -              -       Withdrawn
Jain Sons Finlease Ltd                NCD issue          CARE BBB-      1000    Reaffirmed
Jay Chemical Industries Ltd           LT Bk Fac          CARE A+        1713.8  Reaffirmed
[enhanced from Rs.126.96 crore]
Jay Chemical Industries Ltd           Long/ST Bk Fac     CARE A+/A1+    2250    Reaffirmed
Jay Jay Mills India Pvt Ltd           LT Bk Fac          CARE A-        3669.5  Reaffirmed
(reduced from 412.94 Crore)
Jayem Automotives Pvt Ltd             LT BkFac           CARE BBB+      850
(Issuer Not Cooperating)
Jhajjar Kt Transco Pvt Ltd            LT BkFac           CARE A         1723.7  Revised from
                                                                                CARE A-
(reduced from 190.38 Crore)
Joint Effort Society                  LT Bk Fac          -              -       Withdrawn
Jsons Foundry Pvt Ltd                 LT Bk Fac          CARE BBB-      158.7   Reaffirmed
/(Reduced from 21.50 Crore)37.5
Jsons Foundry Pvt Ltd                 Long/ Short – Term CARE BBB-/A3   375     Reaffirmed
                                      BkFac                                     /Assigned
(Reduced from 38.50crs)
Jugnu Foods Pvt Ltd                   LT Bk Fac          CARE BB-       105.4
(Issuer Not Cooperating)
Jupiter Rice Mill                     LT Bk Fac          CARE B+        72.7    Assigned
K R Pulp & Papers Ltd                 LTBk Fac           CARE BBB+      1095.7  Revised from
                                                                                CARE A-
(Issuer Not Cooperating)
K World Estate Pvt Ltd                NCD                CARE BB+       140     Reaffirmed
(reduced from 55.00 Crore)
Kailash Trading Corporation           LT Bk Fac          CARE BB-       59
(Issuer Not Cooperating)
Kaira District Cooperative Milk       LT Bk Fac          CARE AA+       2332.3  Reaffirmed
Producers Union Ltd
(reduced from 262.31 Crore)
Kaira District Cooperative Milk       LT / ST Bk Fac     CARE AA+/A1+   1200    Reaffirmed
Producers Union Ltd
Kalsi Brothers                        LT Bk Fac          CARE BB-       150     Reaffirmed
Ken Agritech Pvt Ltd                  Long -term Bk Fac  -              -       Withdrawn
Kerala Communicators Cable Ltd        LT Bk Fac          CARE BBB-      75      Reaffirmed
Kie Engineering Pvt Ltd               LT BkFac           CARE A-        75      Reaffirmed
Kumar Civil Infra Consortium India PvtLT Bk Fac          CARE B-        70
Ltd
(Issuer Not Cooperating)/(enhanced from 5 Crore)
Laj Exports Ltd                       LT Bk Fac          CARE BB        37.4
(Issuer Not Cooperating)
Leela Krishna Automobiles Pvt Ltd     LT Bk Fac          CARE BB+       290.4   Revised from
                                                                                CARE BB+
(reduced from 30.35 Crore)
Lohia Auto Industries                 LT Bk Fac          CARE BB+       300
(Issuer Not Cooperating)
M A Enterprises                       LT BkFac           CARE BBB (SO)  10      Reaffirmed
Maa Subhala Cold Storage Pvt Ltd      LT Bk Fac          CARE B+        88      Reaffirmed
Mahabal Auto Ancillaries Pvt Ltd      LT Bk Fac          CARE BBB+      52.4    Revised from
                                                                                CARE BBB
Mahavir Steel Industries Ltd          LT Bk FacFBL       CARE BBB+      9       Reaffirmed
                                      (Proposed)
Mahender Singh Contractor             LT BkFac           CARE BB-       20      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Mallela Stone International           Long -term Bk Fac  CARE B+        50
(Issuer Not Cooperating)
Mamb Woollens Pvt Ltd                 LTBk Fac           CARE B+        55      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Mandhana Industries Ltd               LT Bk Fac          CARE D         8796.3
(Issuer Not Cooperating)
Mandhana Industries Ltd               NCDs               CARE D         570
(Issuer Not Cooperating)
Maruti Heavy Engineering Udyog        LT Bk Fac          CARE B         15      Assigned
Meenakshi Infrastructures Pvt Ltd     LT Bk Fac          CARE BBB-      8471.3  Revised from
                                                                                CARE BB+
(enhanced from 377.00 Crore)
Mh Parbhani Power Pvt Ltd             LT Bk Fac          CARE BB+       1600    Revised from
                                                                                CARE BBB
Minda Kyoraku Ltd                     LT Bk Fac          CARE A-        495.9   Reaffirmed
(Reduced from 54.55 Crore)
Modern Papers                         LT Bk Fac          CARE A (SO)    200
(Issuer Not Cooperating)
Muralikrishna Infracon (Bangalore) PvtLong -term Bk Fac  CARE D         235
Ltd
(Issuer Not Cooperating)
Nam Expressway Ltd                    LT Bk Fac – TL     -              -       Withdrawn
                                      Senior Debt
Nam Expressway Ltd                    LT Bk Fac – TL     -              -       Withdrawn
                                      Additional Senior
                                      Debt
Nam Expressway Ltd                    LT Bk Fac – TL Sub -              -       Withdrawn
                                      Debt
Nangalwala Chemical Industries        LT Bk Fac          CARE BB-       54      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Nangalwala Industries Pvt Ltd         LT Bk Fac          CARE BB-       154.3   Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Natural Storage Solutions Pvt Ltd     LT Bk Fac          CARE BB+       128.2   Revised from
                                                                                CARE BBB-
(enhanced from 11.50 Crore)
Natural Storage Solutions Pvt Ltd     LT /ST Bk Fac      CARE BB+/A4+   225     Revised from
                                                                                CARE BBB- /
                                                                                CARE A3
(enhanced from 18.00 Crore)
Noble India Construction Company      LT /ST Bk Fac      CARE BB/A4     150     Reaffirmed
North Bihar Highway Ltd               LT Bk Fac (TL) -   CARE A-        2563.8  Revised from
                                      Senior Debt                               CARE A-
(reduced from 268.22 Crore)
North Bihar Highway Ltd               NCD issue          CARE A-        1899.6  Revised from
                                                                                CARE A-
North Bihar Highway Ltd               LT Bk Fac(TL) -    CARE BBB+      145     Revised from
                                      Subordinate Debt                          CARE BBB+
(enhanced from 33.00 Crore)
Northern Arc 2018 Cv Banksy           Series A1 PTC      Prov lCARE A+  -       -
(Originator: Kanakadurga Finance Ltd)                    (SO)
Northern Arc 2018 Cv Banksy           Series A2 PTC      ProvCARE A-    -       -
(Originator: Kanakadurga Finance Ltd)                    (SO)
Northern Arc 2019 Cv Beza (Originator:Series A2 PTC#     ProvCARE AA-   -
Ikf Finance Ltd)                                         (SO)
# The PTCs are rated on Ultimate Payment basis
Northern Arc 2019 Cv Beza (Originator:Series A1 PTC#     ProvCARE AA+   -
Ikf Finance Ltd)
# The PTCs are rated on Ultimate Payment basis
Nrss Xxxvi Transmission Ltd           LT Bk Fac          CARE BB+       3060    Revised from
                                                                                CARE BBB-
Nspr Construcions India Pvt Ltd       LT Bk Fac          CARE BBB       85
(Issuer Not Cooperating)
Nspr Construcions India Pvt Ltd       LT/ST Bk Fac       CARE BBB/A3+   415
(Issuer Not Cooperating)
Ongc Petro-Additions Ltd              LT Instruments     CARE AAA       4850    Final Rating
                                      (NCDs)             (SO)/#
#The rating is based on the credit enhancement in form of letter of comfort from Oil and Natural
Gas Corporation Ltd (ONGC) which is unconditional and irrevocable, valid and remain operative
till the NCDs are fully redeemed and no dues certificate is issued by concerned debenture
trustee. 
Ongc Petro-Additions Ltd              LT Instruments     CARE AAA(SO)/@ 21800   Reaffirmed
                                      (NCDs) - Proposed
@The rating is based on the proposed credit enhancement in the form of letter of comfort from
Oil and Natural Gas Corporation Ltd (ONGC) which shall be unconditional and irrevocable, valid
and remain operative till the NCDs are fully redeemed. 
Orissa Metaliks Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Palmar Mills Pvt Ltd                  LT Bk Fac          CARE BB+       105     Revised from
                                                                                CARE BB
Paresh S. Patel                       LT Bk Fac          CARE BB+       10      Revised from
                                                                                CARE BB
Paresh S. Patel                       LT/ST Bk Fac       CARE BB+/A4+   90      Revised and
                                                                                Reclassified
                                                                                from CARE A4
Patel Phoschem Ltd                    LT Bk Fac          CARE B+        147.5   Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Pooja Associates (Contract Division)  LT Bk Fac          CARE BB-       20      Assigned
Pooja International                   LT BkFac           CARE B+        6.2     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Pragathi Group                        LT Bk Fac          CARE BBB       596.1   Reaffirmed
reduced from Rs.68.99 crore
Precision Camshafts Ltd               LT Bk Fac (TL)#    -              -       Withdrawn
#Withdrawn with immediate effect as the company has fully repaid the rated term loans  
Precision Camshafts Ltd               LT Bk Fac          CARE A         20.5    Reaffirmed
Precision Camshafts Ltd               Long- term/ ST     CARE A/A1      100     Reaffirmed
                                      BkFac
(reduced* from 66.50 Crore)/*change in nature of bank facilities
Prem Cables Pvt Ltd                   LT Bk Fac          CARE A-        400     Reaffirmed
Prem Cables Pvt Ltd                   Long/ ST BkFac     CARE A-/A1     600     Reaffirmed
(enhanced from 40.00 Crore)
Premdhara Agro India Llp              Long- term Bk Fac  CARE B+        68.7    Assigned
Pristine Mega Logistics Park Pvt Ltd  LT Bk Fac – TL     CARE BBB       180     Reaffirmed
Pristine Mega Logistics Park Pvt Ltd  LT Bk Fac – Fund   CARE BBB       150     Reaffirmed
                                      based – CC
Proconnect Supply Chain Solutions Ltd LT Bk Fac (TL)     CARE A+        260     Assigned
Proconnect Supply Chain Solutions Ltd LT/ ST Bk Fac      CARE A+/A1+    600     Revised from
                                      (Fund Based)                              CARE A / CARE
                                                                                A1
(enhanced from 14.00 Crore)
Prosper Jewel Arcade L.L.P            LT Bk Fac          CARE BBB+ (SO) 1350    Reaffirmed
Punj Llyod Ltd                        LT Bk Fac          CARE D         49954
(Issuer Not Cooperating)/(reduced from 4,995.40 Crore)
Punj Llyod Ltd                        LT/ST Bk Fac       CARE D         79147.6
(Issuer Not Cooperating)/(reduced from 7,914.76 Crore)
Punj Llyod Ltd                        NCD I              CARE D         1350
(Issuer Not Cooperating)
Punj Llyod Ltd                        NCD II             CARE D         3000
(Issuer Not Cooperating)
Qh Talbros Pvt Ltd                    LT Bk Fac          CARE A-        858.3   Reaffirmed
(enhanced from Rs. 80.52 cr Crore)
R.R.Stones Pvt Ltd                    LT Bk Fac          CARE B+        140     Revised from
                                                                                CARE BB-/
Removed from non cooperation
(enhanced from Rs.8.00 Crore) 
Radha Krishna Automobiles Pvt Ltd     LT Bk Fac          CARE BB+       960     Revised from
                                                                                CARE BB+
(reduced from 102.02 Crore)
Radha Madhav Automobiles Pvt Ltd      LT Bk Fac          CARE BB+       708.7   Revised from
                                                                                CARE BB+
(reduced from 71.20 Crore)
Raj Overseas                          LT BkFac           CARE B+        72      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Ramnos Ifmr Capital 2017 [Originator: Series A PTCs      CARE AAA (SO)  -       -
Hinduja Finance Ltd (Hlf)]
Ramnos Ifmr Capital 2017 [Originator: Second Loss        CARE BBB+ (SO) -       -
Hinduja Finance Ltd (Hlf)]            Facility
Rani Constructions Pvt Ltd            LT Bk Fac          CARE B+        30      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Ranjit Buildcon Ltd                   Long- Term Bk Fac  CARE A+        650     Reaffirmed
(Enhanced from 45.00 crore Crore)
Ranjit Buildcon Ltd                   LT/ST BkFac        CARE A+/A1+    8550    Reaffirmed
Ranjit Toll Road Pvt Ltd              Long- Term Bk      CARE A+ (SO)   743     Reaffirmed
                                      FacTL#
# the rating is based on the credit enhancement in the form of unconditional and irrevocable
corporate guarantee extended by Ranjit Buildcon Limited (RBL; rated CARE A+; stable/CARE A1+).  
Rec Ltd                               Market borrowing   CARE AAA/A1+   900000  Assigned
                                      programme for FY20 
                                      – LT/ST            
Redtech Network India Pvt Ltd         LT Bk Fac          CARE BB        70      Reaffirmed
Refulgent Ispat Pvt Ltd               LT Bk Fac          CARE BB-       55      Assigned
Renjin Construction                   LT Bk Fac          CARE BB-       80      Assigned
Renu Infrastructure Pvt Ltd           LT Bk Fac          CARE B+        5       Revised from
                                                                                CARE BB-
Renu Infrastructure Pvt Ltd           LT/Short- term Bk  CARE B+/A4     80      Revised from
                                      Fac                                       CARE BB-/A4
Rieco Industries Ltd                  LT BkFac           CARE A+(SO)    280     Reaffirmed
Rochem Separation Systems (India) Pvt LTBkFac            CARE BBB-      504.6
Ltd
(Issuer Not Cooperating)
Rochem Separation Systems (India) Pvt LT/ST BkFac        CARE BBB-/A3   375
Ltd
(Issuer Not Cooperating)
Rohit & Company                       LT Bk Fac          CARE BBB-      900     Reaffirmed
R-Tech Promoters Pvt Ltd              LT Bk Fac          CARE BB+       113     Reaffirmed
Ruchi Infrastructure Ltd              LT BkFac           CARE BB-       776.6   Reaffirmed
(reduced from 86.57 Crore)
S. Satyanarayana And Company          LT BkFac           CARE B+        25
(Issuer Not Cooperating)
S. Satyanarayana And Company          LT/ Shortterm Bk   CARE B+/A4     120
                                      Fac
(Issuer Not Cooperating)
S.J. Memorial Education Society       LT BkFac           CARE B+        118.2   Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
S.V.K. Shipping Services Pvt Ltd      LT Bk Fac          CARE BB        90      Reaffirmed
Sai Retail India Pvt Ltd              LT Bk Fac          CARE BBB-      640     Reaffirmed
Salasar Balaji Cold Storage Pvt Ltd   LT Bk Fac          -              -       Withdrawn
Saraswathi Timber                     LT Bk Fac          CARE B         10      Assigned
Satya Sai Builders And Contractors    LT BkFac           CARE B         142.2   Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Satya Sai Builders And Contractors    LT BkFac/STBk Fac  CARE B/A4      7.8     Revised from
                                                                                CARE B+/ CARE
                                                                                A4
(Issuer Not Cooperating)
Satyam Petrochemicals                 LT BkFac           CARE BBB-      180.8   Reaffirmed
Satyam Petrochemicals                 LT/STBk Fac        CARE BBB-      120     Reaffirmed
Saveetha Institute Of Medical And     LT Bk Fac          -              -       Withdrawn
Technical Sciences
Shemaroo Entertainment Ltd            LT Bk Fac – TL     CARE A         617     Reaffirmed
(enhanced from 34.95 Crore)
Shemaroo Entertainment Ltd            LT Bk Fac – CC     CARE A         1750    Reaffirmed
(enhanced from 125.00 Crore)
Shemaroo Entertainment Ltd            LT Bk Fac – Bk     CARE A         440     Assigned
                                      overdraft
Shine Textile                         Long -term Bk Fac  CARE BB-       125     Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Shiv Shankar Rice Mills               LT Bk Fac          CARE BB-       174.2
(Issuer Not Cooperating)
Shivswati Enterprises Pvt Ltd         LT Bk Fac          CARE B         58.5
(Issuer Not Cooperating)
Shree Gopinath Paper Mills Pvt Ltd    LT BkFac           CARE BB        122.3
(Issuer Not Cooperating)
Shree Gopinath Paper Mills Pvt Ltd    Long- term/        CARE BB/A4     50
                                      Shortterm Bk Fac
(Issuer Not Cooperating)
Shri Nallapulliamman Hi Tech Modern   LT Bk Fac          CARE BB-       100     Assigned
Rice Mill
Shri Nallapulliamman Traders          LT Bk Fac          CARE BB-       80      Assigned
Shrishaila Electricals (India) Pvt LtdLong -term BkFac   CARE B+        30
(Issuer Not Cooperating)
Singhi Infrapower Projects Pvt Ltd    LT Bk Fac          CARE BB-       20      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Siti Networks Ltd                     LT Bk Fac*         -              -       Withdrawn
*CARE has withdrawn the outstanding rating of ‘CARE BBB-; Credit watch with negative
implications’ *Triple B Minus; Credit watch with negative implications] assigned to the bank
facilities of Siti Networks Limited with immediate effect. The above action has been taken at
the request of Siti Networks Limited and ‘No Objection Certificate’ received from the bank that
has extended the facilities rated by CARE. 
Siti Networks Ltd                     LT Bk Fac@         CARE AA+ (SO)  3060
(reducedFrom 370.00 Crore)/Continues on credit watch with negative implications /@ Backed by
unconditional and irrevocable DSRA Guarantee extended by Zee Entertainment Enterprises Limited
to the lenders of Siti Networks Limited, to maintain debt service reserve account (DSRA) for a
stipulated size 
Society For Education For Life        LT Bk Fac          CARE BBB-      367.8   Reaffirmed
(Reduced from 40.00 Crore)
Sohum Shoppe Pvt Ltd.                 LT Bk Fac (TL)     CARE BBB-      59      Reaffirmed
(reduced from 7.4 Crore)
Sohum Shoppe Pvt Ltd.                 LT Bk Fac (Fund    CARE BBB-      190     Reaffirmed
                                      Based)
Solace Engineers Marketing Pvt Ltd    LT Bk Fac          CARE B+        65      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Spectre Mfi Northern Arc 2018         Series A1 PTC      CARE A (SO)    -       -
(Originator: Madura Micro Finance Ltd
(Mmfl))
Spectre Mfi Northern Arc 2018         Series A2 PTC      CARE A- (SO)   -       -
(Originator: Madura Micro Finance Ltd
(Mmfl))
Sravan Shipping Services Pvt Ltd      LT Bk Fac          CARE BBB+      938.4   Assigned
Sree Balaji Associates                LT Bk Fac          CARE BB        30      Reaffirmed
Sri Balaji And Company                LT BkFac           CARE B         62
(Issuer Not Cooperating)
Sri Dhandayuthapani Spinners Pvt Ltd  Long -term Bk Fac  CARE B         148.3   Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Sri Salasar Balaji Agro Tech Pvt Ltd  LT BkFac           CARE BB-       150     Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Staragri Finance Ltd                  LT Bk Fac          CARE BBB+      6500    Reaffirmed
Sukh Sagar Synthetics Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Supreme Batteries Pvt Ltd             LT BkFac           CARE BB+       335.5   Reaffirmed
(Rs. 33.55 crore Crore)
Suprint Sales                         LT Bk Fac          CARE B+        120     Reaffirmed
Surat Hazira Nh-6 Tollway P Ltd       LT Bk Fac          -              -       Withdrawn
Swastik Enterprises                   LT Bk Fac          CARE B+        79.5
(Issuer Not Cooperating)
Swastika Electricals & Fertilizers    LT BkFac           CARE BB+       130     Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Swastika Electricals & Fertilizers    LT/ST Bk Fac       CARE BB+/A4+   405     Revised from
                                                                                CARE BB /
                                                                                CARE A4
(Issuer Not Cooperating)
Tara Shakti Rice Mill                 LT BkFac           CARE BB-       56      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)/(reduced from 5.80 Crore)
Tas Foundries Pvt Ltd                 LT Bk Fac          CARE BB+       123.6   Assigned
Taurus Cv Trust March 2017 [OriginatorSeries A PTCs      CARE AAA (SO)  -       -
Hinduja Finance Ltd (Hlf)]
Taurus Cv Trust March 2017 [OriginatorSecond Loss        CARE BBB+ (SO) -       -
Hinduja Finance Ltd (Hlf)]            Facility
Tesla Transformers Ltd                LT Bk Fac          -              *-      Withdrawn
*CARE has withdrawn the ratings assigned to term loan, cash credit and letter of credit
facilities of Tesla Transformers Ltd. (TTL) with immediate effect. The above action has been
taken on account of transfer of the said facilities to two new entities, post demerger of TTL
effective April 01, 2018. 
Tesla Transformers Ltd                ST Bk Fac          -              *-      Withdrawn
*CARE has withdrawn the ratings assigned to term loan, cash credit and letter of credit
facilities of Tesla Transformers Ltd. (TTL) with immediate effect. The above action has been
taken on account of transfer of the said facilities to two new entities, post demerger of TTL
effective April 01, 2018. 
Tesla Transformers Ltd                LT / Shortterm Bk  CARE BBB+ /A2  676.1   Revised from
                                      Fac                                       CARE BBB+ /
                                                                                CARE A2
(reduced from Rs.98.00 crore Crore) /Under credit watch with developing implications)
The Daughters Of Mary Immaculate And  LT Bk Fac          CARE BBB-      230.6   Reaffirmed
Collaborators Trust
The Hind Samachar Ltd                 LT Bk Fac (TL)     CARE A+        344.6   Reaffirmed
(reduced from 43.27 Crore)
The Hind Samachar Ltd                 LT Bk Fac (Fund    CARE A+        700     Reaffirmed
                                      Based)
(enhanced from 50.00 Crore)
The Panoramic Gateway                 LT Bk Fac          CARE BB-       131.6   Reaffirmed
(reduced from 14.38 Crore)
The Society Of Daughters Of Mary      LT Bk Fac          CARE BBB-      560     Reaffirmed
Immaculate And Collaborators
The Tobacco Trading Company           LT BkFac           CARE B+        120
(Issuer Not Cooperating)
Three Brothers Flour And General MillsLT Bk Fac          CARE BB-       50      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Trades Worth (Steel) Company          LT BkFac           CARE B+        65      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Transstadia Technologies Pvt. Ltd     LT Bk Fac          CARE B+        22.5    Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Triveni Kripa Enterprises Ltd LiabilitLT Bk Fac          -              -       Withdrawn
Partnership
Twenty Fourteen Hotels India Pvt Ltd  LT BkFac           CARE BBB-      3205    Assigned
Umang Oils Pvt Ltd                    LTBk Fac           CARE BB-       100
(Issuer Not Cooperating)
Undercarriage And Tractor Parts Pvt LtLong- term/ Short- CARE BB+/A4+   70      Reaffirmed
                                      term Fac
Unitriveni Overseas                   LT Bk Fac          CARE BB        170     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Vaishali Gems                         LT Bk Fac          -              -       Withdrawn
Vasant Masala Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Vcarve Renewable Energy Pvt Ltd       LT BkFac           CARE BB        108     Reaffirmed &
                                                                                Removed from
                                                                                Non Cooperation
/(Reduced from Rs. 15.00 crore Crore)
Ved Prakash Mithal And Sons           LT Bk Fac          CARE B+        57
(Issuer Not Cooperating)
Ved Prakash Mithal And Sons           LT/ STBk Fac       CARE B+/A4     53
(Issuer Not Cooperating)
Vento Power & Energy Pvt Ltd          LT Bk Fac          CARE BB+       1900    Revised from
                                                                                CARE BBB-
(Credit watch with developing implication)
Vento Power Infra Pvt Ltd             LT Bk Fac          CARE BB+       1960    Revised from
                                                                                CARE BBB-
(Credit watch with developing implication)
Vijay Printing Press Pvt Ltd          LT Bk Fac (TL)     CARE BBB       611.1   Reaffirmed
(enhanced from 0.08 Crore)
Vijay Printing Press Pvt Ltd          LT Bk Fac (Fund    CARE BBB       12.4    Reaffirmed
                                      based)
(reduced from 7.50 Crore)
Vindyavasini Traders                  LT BkFac           CARE B+        19.5
(Issuer Not Cooperating)
Vippy Spin Pro Ltd                    LT Bk Fac          CARE BBB+      0.1     Reaffirmed
Vippy Spin Pro Ltd                    LT/ ST BkFac       CARE BBB+ /A2  190     Reaffirmed
Vishal Precision Products Pvt Ltd     LT Bk Fac          CARE B+        108.6   Assigned
Vivimed Labs Ltd                      Long Term BkFac    CARE D         2669.3  Reaffirmed
Vivimed Labs Ltd                      Short Term BkFac   CARE D         1095    Reaffirmed
Vivriti Carrick 002 2018 (Originator: Series A PTC       CARE BBB+ (SO) -       -
Utkarsh Small Finance Bank Ltd)
Wagad Infraprojects Pvt Ltd           LT/ST BkFac        CARE BBB-/A3   850     Reaffirmed
(enhanced from 15.00 Crore)
Warora Kurnool Transmission Ltd       Bk Fac-Fundbased - CARE BB+       27900   Revised from
                                      LT-TL                                     CARE BBB-
(under credit watch with developing implications
Warora Kurnool Transmission Ltd       LT Bk Fac - LT-    CARE BB+       1050    Revised from
                                      Performance BG                            CARE BBB-
(under credit watch with developing implications
Welspun Flooring Ltd                  LT BkFac           CARE A- (SO)   8150    Assigned
(reduced from Rs.815 crore Crore)
Western Precicast Pvt Ltd             LT Bk Fac          CARE BBB-      39      Reaffirmed
(Reduced from 5.80 Crore)
Western Precicast Pvt Ltd             Long/ Short – Term CARE BBB-/A3   252     Reaffirmed /
                                      BkFac                                     Assigned
(Reduced from 26.20 Crore)
Wires & Fabriks (Sa) Ltd              LT Bk Fac          CARE BBB+      322.1   Reaffirmed
Wires & Fabriks (Sa) Ltd              LT/ STBk Fac       CARE BBB+/A3+  291.5   Reaffirmed
Wrinkle Distributors Pvt Ltd          LT Bk Fac          CARE BBB-      100     Reaffirmed
Yashoda Krishna Automobiles Pvt Ltd   LT Bk Fac          CARE BB+       345.4   Revised from
                                                                                CARE BB+
(reduced from 34.85 Crore)
--------------------------------------------------------------------------------------------
$: 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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