April 27, 2018 / 6:44 AM / a month ago

CARE ratings for Indian debt instruments-Apr 27

    Apr 27 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 26, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
B. R. Patil Engineers And Contractors ST Bk Fac          CARE A4        24.5    Assigned
Galaxy Concab (India) Pvt Ltd         ST Bk Fac          CARE A4        21      Assigned
Hans Raj Agros Pvt Ltd                ST Bk Fac          CARE A4        10      Assigned
Hara Parbati Potato Cold Storage Pvt  ST Bk Facility     CARE A4        0.12    Reaffirmed
Ltd
Jayem Automotives Pvt Ltd             ST Bk Fac          CARE A2        15      Assigned
Johns Biwheelers                      ST Bk Fac          CARE A4        11.5    Assigned
Nilkanth Concast Pvt Ltd              ST Bk Fac          CARE A4        55      Assigned
Rajeev Kumar                          ST Facility        CARE A4        9.2     Assigned
Reliance Retail Ltd                   CP                 CARE A1+       5000    Reaffirmed
(enhanced from 3000 Crore)
Vbs Textiles Pvt Ltd                  ST Bk Fac          CARE A4        4.25    Assigned

LONG TERM RATINGS:
-------------------
Bonafide Arts Pvt Ltd                 LT Bk Fac          CARE BB-       10.17   Assigned
D.S. Integrated Finsec Pvt Ltd        LT Bk Fac          CARE BB        9.66    Assigned
Fujin Wind Parks Pvt Ltd              LT Bk Fac          CARE BBB-      296     Assigned
Galaxy Concab (India) Pvt Ltd         LT Bk Fac          CARE B+        8.87    Assigned
Goswami Infratech Pvt Ltd             Proposed NCDs      CARE AA+ (SO)  375     Reaffirmed
                                      (NCDs) issue
Hans Raj Agros Pvt Ltd                LT Bk Fac          CARE BB-       19      Assigned
Hara Parbati Potato Cold Storage Pvt  LT Bk Facility     CARE B+        11.59   Reaffirmed
Ltd
(enhanced from 7.59 Crore)
Hardman Mfi Northern Arc 2018         Series A2 PTC      CARE A- (SO)   0.65    -
Jayem Automotives Pvt Ltd             LT Bk Fac          CARE BBB+      85      Reaffirmed
Johns Biwheelers                      LT Bk Fac          CARE BB        1.5     Assigned
Krishna Enterprises_Kanpur            LT Fac             CARE BB        11      Assigned
Maxchem Pharmaceuticals Pvt Ltd       LT Fac             CARE BB        12.92   Assigned
Monarch Package Of India              LT Fac             CARE BB-       5.3     Assigned
Nilkanth Concast Pvt Ltd              LT Bk Fac          CARE BB        54.6    Assigned
Parsa Kente Collieries Ltd.           LT Bk Fac          CARE BBB       385     Reaffirmed
(enhanced from 250.00 Crore)
Rajeev Kumar                          LT Bk Facility     CARE B+        0.8     Assigned
Sansar Trust March 2018 Ii            Series A PTC       CARE AAA (SO)  2039.55 Assigned
Shivalik Remedies Pvt Ltd             LT BkFac           CARE BB-       5.5     Assigned
Spectre Mfi Northern Arc 2018         Series A2 PTC      CARE A- (SO)   1.57    -
Surya Global Steel Tubes Ltd          LT Bk Fac          -              -       Withdrawn
Surya Global Steel Tubes Ltd          Long/ST Bk Fac -   -              -       Withdrawn
                                      NFB
Surya Global Steel Tubes Ltd          Long/ST Bk Fac -   -              -       Withdrawn
                                      SLC
Surya Roshni Ltd                      LT Bk Fac          CARE A+        1193.29 Reaffirmed
(enhanced from 942.96 Crore)
Surya Roshni Ltd                      Long/ST Bk Fac -   CARE A+/A1     970     Reaffirmed
                                      NFB
(enhanced from 670.00 Crore)
Surya Roshni Ltd                      Long/ST Bk Fac -   CARE A+/A1     96      Reaffirmed
                                      SLC
(enhanced from 50.00 Crore)
The Incoda                            LT Bk Fac          CARE BB+       14.15   Assigned
Themis Medicare Ltd                   LT Bk Fac          CARE BB        14.85   Assigned
Themis Medicare Ltd                   LT/ST Bk Fac       CARE BB/A4     80.15   Assigned
Vbs Textiles Pvt Ltd                  LT Bk Fac          CARE B+        10.75   Assigned
Viswabharathi Educational Society     LT Bk Fac          CARE B+        166.5   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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