April 28, 2020 / 6:53 AM / a month ago

CARE ratings for Indian debt instruments-Apr 28

    Apr 28  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of April 27, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Anjani Steels Ltd                    ST Bk Fac         -             -      -
Reaffirmed at CARE A4 and withdrawn
Archit Plywood Pvt Ltd               ST Bk Fac         CARE A4;      40     -
Issuer not cooperating; based on best available information
Nafis Tanning Industries             ST BkFac          CARE A4;      15     -
Issuer not cooperating; based on best available information
Sabari Krishna Enterprises           ST BkFac          CARE A4;      50     -
Issuer not cooperating; based on best available information
Kanupat Himghar Pvt Ltd              ST Bk Fac         CARE D;       0.9    -
Issuer not cooperating; based on best available information
Shivam Construction Company          ST Bk Fac         CARE A4+;     121.2  -
Issuer not cooperating; based on best available information
Shree Jagannath Motors               ST BkFac          CARE A4;      1      -
Issuer not cooperating; based on best available information
Skg Timbers Pvt Ltd                  ST BkFac          CARE A4;      180    -
Issuer not cooperating; based on best available information
Sree Ganesh Constructions            ST BkFac          CARE A4;      50     -
Issuer not cooperating; based on best available information

LONG TERM RATINGS:
-------------------
Anand Educational Society            LT Bk Fac         CARE C; Stable80     Reaffirmed
Anjani Steels Ltd                    LT Bk Fac         -             -      -
Reaffirmed at CARE BB; Stable and withdrawn
Archit Plywood Pvt Ltd               LTBk Fac          CARE B;       42.5   Revised from
                                                       Stable;              CARE B+;
                                                                            Stable;
Issuer not cooperating; based on best available information
Bundelkhand Agro Logistics           LT Bk Fac         CARE B; Stable60     Assigned
Fast Track Cfs Pvt Ltd               LTBkFac           CARE B-;      130    Revised from
                                                                            CARE B;
Issuer not cooperating; based on best available information
Jagdambay Rice Mills – Amritsar      LT Bk Fac         CARE B+;      73.1   Assigned
                                                       Stable
Kanupat Himghar Pvt Ltd              LT Bk Fac         CARE D;       110.9  -
Issuer not cooperating; based on best available information
Nafis Tanning Industries             LT BkFac          CARE B-;      45     Revised from
                                                       Stable;              CARE B+;
Issuer not cooperating; based on best available information
Rohit & Company                      LT Bk Fac         CARE BBB-;    1610   Reaffirmed
                                                       Stable
(Enhanced from Rs.90 crore Crore)
S. M. Autostar Pvt Ltd               LT Bk Fac         CARE D;       79.9   -
Issuer not cooperating; based on best available information
Sabari Krishna Enterprises           LT BkFac          CARE B-;      40     Revised from
                                                       Stable ;             CARE B+
Issuer not cooperating; based on best available information
Shakti Maltare And Lemonade Pvt Ltd  LT Bk Fac         CARE B-;      100    Revised from
                                                       Stable;              CARE B; Stable
Issuer not cooperating; based on best available information
Shapoorji Pallonji And Company Pvt LtProposed NCD (NCD)CARE A+       10000  -
(Enhanced from Rs.500 crore Crore) ,Continues on credit watch with developing implications
Shivam Construction Company          LT Bk Fac         CARE BB+;     6      -
                                                       Stable;
Issuer not cooperating; based on best available information
Shree Jagannath Motors               LT Bk Fac         CARE B+;      99     Revised from
                                                       Stable;              CARE BB-;
                                                                            Stable;
Issuer not cooperating; based on best available information
Skg Timbers Pvt Ltd                  LT BkFac          CARE B;       30     Revised from
                                                       Stable;              CARE B+;
                                                                            Stable;
Issuer not cooperating; based on best available information
Sree Ganesh Constructions            LT BkFac          CARE B+;      30     Revised from
                                                       Stable ;             CARE BB-
Issuer not cooperating; based on best available information
Sri Prakash Enterprises              LT BkFac          CARE B-;      120    Revised from
                                                       Stable ;             CARE B
Issuer not cooperating; based on best available information
Vidhya Cylinders Pvt Ltd             LT BkFac          CARE B+;      20     Revised from
                                                       Stable               CARE BB-;
                                                                            Negative
Vidhya Cylinders Pvt Ltd             LT / ST Bk Fac    CARE B+;      40     Revised from
                                                       Stable /CARE A4      CARE BB-;
                                                                            Negative / CARE A4
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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