April 20, 2018 / 6:41 AM / 3 months ago

CARE ratings for Indian debt instruments-Apr 20

    Apr 20 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 19, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amit Metaliks Ltd                     ST BkFac           CARE D         105
(Reaffirmed and removed from ISSUER NOT COOPERATING)
Federal-Mogul Goetze (India) Ltd      ST Bk Fac          CARE A1+       695     #
Future Consumer Ltd                   ST Bk Fac          CARE A1        200     Reaffirmed
                                      (Fundbased)
Future Consumer Ltd                   ST Bk Facility     CARE A1        250     Reaffirmed
                                      (NonFB)
(reduced from Rs.30.00 Crores)
Karamhans Foods Pvt Ltd               ST Bk Fac          CARE A4        100     Assigned
Maharaja Cables                       ST Bk Fac          CARE A4        40      Assigned
Mothi Spinner Pvt Ltd                 ST Bk Fac          CARE A2        200     Assigned
Ravels Apparels Pvt Ltd               ST BkFac           CARE A4        68.6    Assigned
U V Exports Pvt Ltd                   ST Bk Fac          CARE A4        103     Assigned
Welspun Enterprises Ltd               CP issue           CARE A1+       1000    Assigned
    
LONG TERM RATINGS:
-------------------
Amit Metaliks Ltd                     LT BkFac           CARE D         1052.7
(Reaffirmed and removed from ISSUER NOT COOPERATING)
Ashique Chemicals And Cosmetics       LT Bk Fac          CARE BB+       120     Assigned
Capital First Ltd                     NCDs               CARE AA+       80000   Reaffirmed
(Continues to be on credit watch with positive implications) /(Reduced from Rs.8,200 Crores)
Capital First Ltd                     NCDs               CARE AA+       10000   Assigned$
Federal-Mogul Goetze (India) Ltd      LT Bk Fac          CARE A+        2435    #
Future Consumer Ltd                   LT Bk Fac          CARE A         2800    Reaffirmed
                                      (Fundbased)
(reduced from Rs. 300.00 Crores)
Future Consumer Ltd                   LT Bk Facility     CARE A         243.5   Reaffirmed
                                      (TL)
Future Consumer Ltd                   Long/ST Bk Fac (FB)CARE A/A1      650     Reaffirmed
(enhanced from Rs.40.00 Crores)
Guru Nanak Dev Educational Society    LT Bk Fac          CARE BB        70      Assigned
Hind Hydraulics & Engineers (Prop:    LT BkFac           CARE B+        90      Assigned
Hind Fluid Power Pvt Ltd)
Hind Hydraulics & Engineers (Prop:    LT/STBk Fac        CARE B+ /CARE  110     Assigned
Hind Fluid Power Pvt Ltd)                                A4
Jindal Poly Film Ltd                  LT - Bk Fac – fund CARE A+        1946.5  Assigned
                                      based – TL
Jindal Poly Film Ltd                  LT/ST – Bk Fac –   CARE A+/A1+    990     Assigned
                                      fund/ non fund
                                      based - CC/BG/LC/PCFC/PSCFC
Karamhans Foods Pvt Ltd               LT Bk Fac          CARE B+        100     Assigned
Kilburn Chemicals Ltd                 LT Bk Fac          CARE BBB-      2060    Reaffirmed
(enhanced from 166 Crore)
Maa Mani Iron And Steel Company       LT Bk Fac          CARE B+        150     Assigned
Maharaja Cables                       LT Bk Fac          CARE BB-       20      Assigned
Mothi Spinner Pvt Ltd                 LT Bk Fac          CARE BBB+      2383    Assigned
Mothi Spinner Pvt Ltd                 Long/ST Bk Fac     CARE BBB+/A2   170     Assigned
Murliwala Stone Industry Ltd          LT Bk Fac          CARE B         50      Assigned
Muthuraja Modern Rice Mill            LT Bk Fac          CARE BB-       55      Assigned
P.K. Metal Industries                 LT Bk Fac          CARE B+        67.1    Assigned
Prithipal Singh And Company           LT Bk Fac          -              -       Withdrawn
Prithipal Singh And Company           LT/Short- Bk term  -              -       Withdrawn
                                      Fac
Ravels Apparels Pvt Ltd               LT BkFac           CARE BB-       11.4    Assigned
Samrat Multiplex Pvt Ltd              LT Bk Fac          CARE B+        100     Assigned
Sri Sri Vigneswara Constructions      LT Bk Facility     CARE BB-       150     Reaffirmed
(Enhanced from12.00 Crores)
Techno Sat Comm (India) Pvt Ltd       LT/ ST Bk Fac      CARE BB/A4+    140     Assigned
Tileco Natural Stones Pvt Ltd         LT Bk Fac          CARE B         38.6    Assigned
Tileco Natural Stones Pvt Ltd         LT Bk Fac/ ST Bk   CARE B/A4      17.5    Assigned
                                      Fac
U V Exports Pvt Ltd                   LT Bk Fac          CARE BB-       47      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)
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