April 5, 2018 / 6:10 AM / 15 days ago

CARE ratings for Indian debt instruments-Apr 5

    Apr 5 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 4, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aadesh Travels Pvt Ltd                ST Bk Fac          CARE A4        48      Reaffirmed
Acme Solar Energy (Madhya Pradesh) PvtST Bk Fac          CARE A2+       142.9   Reaffirmed
Ltd
Acme Solar Technologies (Gujarat) Pvt ST Bk Fac          CARE A2+       133.1   Reaffirmed
Ltd
Agastya Nutrifood Industries Llp      ST Bk Fac          CARE A4        35      Reaffirmed
Agroha Colourtec Pvt Ltd              ST Bk Fac          CARE A4        142.5
Revised from CARE A3
Amba Shakti Udyog Ltd                 Short- term Bk Fac CARE A3        155
Revised from CARE A4+
Anjani Roller Flour Mills Pvt Ltd     ST Bk Fac          CARE A4        15
Issuer not cooperating; Based on best available information
Annapurna Pet Pvt Ltd                 ST Bk Fac          CARE A4        110
Issuer not cooperating; Based on best available information
Apl Apollo Tubes Ltd                  ST Bk Fac          CARE A1+       1300    Reaffirmed
Arwade Infrastructure Ltd             ST Bk Fac          CARE A4+       200
Issuer not cooperating; Based on best available information
Asm Traxim Pvt Ltd                    ST Bk Fac          CARE A4        50      Reaffirmed
Aso Agro Pvt Ltd                      ST Bk Fac          CARE A4        7.5     Assigned
Atmastco Ltd                          ST Bk Fac          CARE A3        220     Reaffirmed
Adico Forge Pvt Ltd                   ST Bk Fac*         -              -       Withdrawn
*backed by unconditional and irrevocable corporate guarantee provided by Amul Industries Private
Limited (AIPL; rated CARE BB; Stable )
Alstrong Enterprises India Pvt Ltd    ST Bk Fac          -              -       Withdrawn
Apl Apollo Tubes Ltd                  CP Programme*      -              -       Withdrawn
* carved out of the sanctioned working capital limits of the company
Archean Industries Pvt Ltd            ST Bk Fac          CARE D         150     Reaffirmed
Arcvac Forgecast Pvt. Ltd.            ST Bk Fac          CARE D         282.5   Reaffirmed
Balaji Multiflex Pvt Ltd              ST Bk Fac          CARE A1+       47.6    Reaffirmed
(Enhanced from Rs.1.70 Crore)
Balasaheb R Bhadane                   ST Bk Fac          CARE A4+       30
Issuer not Cooperating; Based on best available information
Bhagwan Mahavir Education Foundation  ST Bk Fac          CARE A3+       100
Issuer not cooperating; Based on best available information
Cable Corporation Of India Ltd        ST Bk Fac          CARE A4        1600    Assigned
Cb Doctor Ventilators Pvt Ltd         LT Bk Fac          CARE A4        75      Reaffirmed
Cnc India Tools And Services Pvt Ltd  Short - term Bk FacCARE A4+       70
Issuer not cooperating, Based on best available information
Continental Carbon India Ltd          ST Fac             CARE A2 (SO)   3267.4  Reaffirmed
(enhanced from Rs.319.95 Crore)
Devyani Food Industries Ltd           ST Bk Fac          CARE A2+       50      Reaffirmed
Everest Metals Fze                    ST Bk Fac          -              -       Withdrawn
E.I.T.A. India Ltd                    ST Bk Fac          CARE A3        65      Reaffirmed
(Enhanced from 3.5 Crore)
Everest Sea Food Exports Pvt Ltd      Short - term Bk    CARE A4        1.5
                                      Fac

Feris Spintex Pvt Ltd                 ST Bk Fac          CARE A4        20
Issuer not Cooperating
Freemans Measures Pvt Ltd             ST Bk Fac          CARE D         16.1    Reaffirmed
Reaffirmed; Removed from Non-Cooperation Reaffirmed; Removed from Non-Cooperation
Flash Forge Pvt Ltd                   ST Bk Fac          CARE A3        1170    Reaffirmed
(reduced from 180.00 Crore)
Fluidtherm Technology Pvt Ltd         ST Bk Fac          CARE A4+       74.8
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Gem Aromatics Pvt Ltd                 ST Bk Fac          -              -       Withdrawn
Ganesh Saw Mills Pvt Ltd              ST Bk Fac          CARE A4        50
Issuer not Co-operating, based on best available information
Gasha Steels Pvt Ltd                  ST Bk Fac          CARE A4        150
Revised from CARE A4+ (Enhanced from 11 Crore)
Gem Electro Mechanicals Pvt Ltd       ST Bk Fac          CARE A3        16.5
“Issuer not cooperating; Based on best available information”
Gkb Vision Pvt Ltd                    ST Bk Fac          CARE A4+       72.5
Issuer not Co-operating, based on best available information
Gmr Airports Ltd                      ST Bk Fac          CARE A1        2000    Reaffirmed
Gmr Infrastructure Ltd                ST Bk Fac          CARE A4        7308.3  Reaffirmed
Goel Scientific Glass Works Ltd       ST Bk Fac          CARE A4        25      Reaffirmed
Good Day Foods Pvt Ltd                ST Bk Fac          CARE A4        0.3
Issuer not cooperating; Based on best available information
Gopal Glass Works Ltd                 ST Bk Fac          CARE A2+       78      Reaffirmed
Gr Power Switchgear Ltd               ST Bk Fac          CARE A4        120     Reaffirmed
Hira Steels Ltd                       ST Bk Fac          -              5       Withdrawn
Hind Plastics Industries              ST Bk Fac          CARE A4        50
Issuer not cooperating; Based on best available information
Hindustan Laboratories                ST Bk Fac          CARE A3        200     Reaffirmed
Hufort Healthcare Pvt Ltd             ST Bk Fac          CARE A4        135
Issuer not cooperating; Based on best available information
Il&Fs Engineering And Construction Co.Proposed CP*       CARE A1+ (SO)  1000    Reaffirmed
Ltd
*Backed by a proposed Unconditional and irrevocable Line of Credit (LoC) by IL&FS (Credit
Enhancement Provider, rated CARE AAA; Stable/CARE A1+) as an exclusive liquidity back-up
arrangement to meet any debt service obligations throughout the tenure of proposed Commercial
Paper issue.
Il&Fs Engineering And Construction Co.ST Fac             CARE A3        21885.2
Ltd
(enhanced from 1,500.00 Crore)
Inani Securities Ltd                  ST Bk Fac          CARE A4        62.5
Issuer not cooperating; Based on best available information
Indexport Leather Export Pvt Ltd      ST Bk Fac          CARE A4        50      Assigned
Indian Phosphate Ltd                  ST Bk Fac          CARE A4        1855    Reaffirmed
Indigo Infraprojects Pvt Ltd          ST Bk Fac          CARE A4+       60
Revised from CARE A4
Indus Tubes Ltd                       ST Bk Fac          CARE A4        190     Assigned
Jakhau Salt Company Pvt Ltd           ST Bk Fac          CARE D         80      Reaffirmed
Jayawanti Babu Foundation             ST Bk Fac          CARE D         14.9
Issuer not Co-operating; Based basis of best available information
J P Iscon Pvt Ltd                     ST Fac             CARE A2        390     Assigned
J. V. Gokal And Company Pvt Ltd       ST Bk Fac (fund    CARE A4        1300    Reaffirmed
                                      based)
J. V. Gokal And Company Pvt Ltd       ST Bk Fac (non-    CARE A4        45      Reaffirmed
                                      fund based)
Jayaraj Fortune Packaging Pvt Ltd     ST Bk Fac          CARE A4        37.5
Issuer not cooperating; based on the basis of best available information.
Jindal Steel & Power Ltd              ST Bk Fac          CARE A3        68248.1
Revised from CARE D (reduced from 6,846.23 Crore)
Jsw Cement Ltd.                       ST Bk Fac- Nin-    CARE A1        3569.2
                                      Fund Based
Revised from CARE A3+ (reduced from Rs.395.00 Crore)
Kaze Energy Ltd                       ST Bk Fac          -              -       Withdrawn
K. B. Ispat Pvt Ltd                   ST Bk Fac          CARE A4        112.6
Reaffirmed and removed from issuer not cooperating
Kerala Steel Associate                ST Bk Fac          CARE A4        100
Revised from CARE A4+ (Enhanced from 6 Crore)
Khushbu Impex                         ST Bk Fac          CARE A4        253     Reaffirmed
Kopalle Pharma Chemicals Pvt Ltd      ST Bk Fac          CARE A4        97.5    Reaffirmed
Kotak Mahindra Mutual Fund            ST Bk Fac*         CARE A1+       15000   Reaffirmed
*Facility is extended to four debt schemes of Kotak Mahindra Mutual Fund
Ksh Logistics Ltd                     ST Bk Fac          CARE A3        7.5
Revised from CARE A4
Latin Manharlal Securities Pvt Ltd    ST Bk Fac          CARE A4+       350     Reaffirmed
Ludlow Jute & Specialities Ltd        ST Bk Fac          CARE A2+       450     Reaffirmed
Magnifico Minerals Pvt Ltd            ST Bk Fac          -              -       Withdrawn
Mantora Oil Products Pvt Ltd          ST Bk Fac          -              -       Withdrawn
Maple Logistics Pvt Ltd               ST Bk Fac          -              -       Withdrawn
Mahavir Rolling Mill Pvt Ltd          ST Bk Fac          CARE A4+       60      Reaffirmed
Mahender Singh Contractor             ST Bk Fac          CARE A4        60      Assigned
Maple Odc Movers Pvt Ltd              ST Bk Fac          CARE A3+ (SO)  10
Issuer Not Cooperating based on the best available information
Maxheal Pharmaceuticals (India) Ltd   ST Bk Fac          CARE A4        70
Issuer not cooperating; Based on best available information
Mbh Power Pvt Ltd                     ST Bk Fac          CARE A3        40      Assigned
Mega International Pvt Ltd            ST Bk Fac          CARE A3+       110     Reaffirmed
Mini Diamonds (India) Ltd             ST Bk Fac          CARE A4        60
Revised from CARE D
Moksha Thermoplastics Pvt Ltd         ST Bk Fac          CARE A3        81      Reaffirmed
Mstc Ltd                              ST Bk Fac          CARE A3+       48800   Reaffirmed
(reduced from 5,330.05 Crore)
Nirmal Cars Pvt Ltd                   ST Bk Fac          -              -       Withdrawn
Nilkanth Kraft Paper Mill             ST Bk Fac          CARE A4        3.3     Reaffirmed
Nippon Motor Corporation Pvt Ltd      ST Bk Fac          CARE A3        1580    Assigned
Pinnae Feeds Ltd                      ST Bk Fac          -              -       Withdrawn
P. Duraisamy Maharajha Rice Mills Pvt ST Bk Fac          CARE A4        0.5
Ltd
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Paras Ram Textiles Pvt Ltd            ST Bk Fac          CARE A4        0.1     Reaffirmed
Pattabhi Agro Foods Pvt Ltd           ST Bk Fac          CARE A3+       200     Assigned
Peppermint Clothing Pvt Ltd           ST Bk Fac          CARE A4        30
Issuer Not Cooperating; Based on Best Available Information
Prabha Steel Industries               ST Bk Fac          CARE A3+       92.5    Reaffirmed
Prayag Polytech Pvt Ltd               ST Bk Fac          CARE A4        2190
Revised from CARE A3
Precast India Infrastructures Pvt Ltd ST Bk Fac          CARE A3        620     Re-affirmed
Ravi Infrabuild Projects Pvt Ltd      ST Bk Fac          -              -       Withdrawn
R.A Shaikh Paper Mills Pvt Ltd        ST Bk Fac          CARE A4        8       Reaffirmed
Radha Krishna Agro Products           ST Bk Fac          CARE A4        3.2     Assigned
Rajdeep And Associates                ST Bk Fac          CARE A4        32.5    Reaffirmed
Rajdeep Energies Pvt Ltd              ST Bk Fac          CARE A4        10      Reaffirmed
Rajshree Polypack Ltd                 ST Bk Fac          CARE A3+       54      Rating
                                                                                reaffirmed
Rating reaffirmed; Placed on credit watch with developing implications
Ramdhan Spintex                       Short- term Bk Fac CARE A4        15      Assigned
Rc Golden Granites India Pvt Ltd      ST Bk Fac          CARE A4        89
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Reliance Jio Infocomm Ltd             CP                 CARE A1+       200000  Reaffirmed
(enhanced from Rs. 15,000 Crore)
Rico Jinfei Wheels Ltd                ST Fac             CARE A3        90
Revised from CARE A4+
Rochem Separation Systems Pvt Ltd     ST Bk Fac          CARE A3        320.4   Reaffirmed
Rockland Hospitals Ltd                ST Bk Fac          CARE A3        500     Assigned
Rotomag Motors And Controls Pvt Ltd   ST Bk Fac          CARE A3+       705     Reaffirmed
(Enhanced from Rs.35.25 Crore)
Rotomotive Powerdrives (India) Ltd    ST Bk Fac          CARE A3+ (SO)  129.5   Reaffirmed
S.V. Aluext Profile Pvt Ltd           ST Bk Fac          CARE A4        20
Issuer not cooperating; Based on best available information
Sandeep Motors Pvt. Ltd.              ST Bk Fac          CARE A4+       305     Reaffirmed
Sanpar Micro Filters Pvt Ltd          ST Bk Fac          CARE A4        33.5    Assigned
Senthilkumar Textiles Mills Pvt Ltd   ST Bk Fac          CARE A4        40.9
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Shiv Flour Mill                       ST Bk Fac          CARE A4        160     Assigned
Shiv Gorakh Timber Pvt Ltd            ST Bk Fac          CARE A4        100     Assigned
Shri Balaji Industrial Engineering LtdST Bk Fac          CARE A3        330     Reaffirmed
Shri Gajanan Agro Industries          ST Bk Fac          CARE A4        0.5
Issuer not Co-operating, based on best available information
Siva Granites Products                ST Bk Fac          CARE A4        40
Revised From CARE A4+ (Issuer Not Cooperating; Based on best available information)
Smsea Marines Pvt Ltd                 ST Bk Fac          CARE A4        85
Issuer not cooperating; Based on best available information.
Softtech Engineers Pvt Ltd            ST Bk Fac          CARE A4+       116.8
Issuer not Co-operating; Based on the basis of best available information
Som Autotech Pvt Ltd                  ST Bk Fac          CARE A4        97.1
Issuer not Cooperating, based on best available information
Somany Sanitary Ware Pvt Ltd          ST Bk Fac          CARE A3        18.2    Reaffirmed
Sri Lakshmi Godavari Spinning Mills LtST Bk Fac          CARE A4+       50      Assigned
Star Cotspin Ltd                      ST Bk Fac          CARE A3+       2       Assigned
Steel Rolling Mill Of Maharashtra     ST Bk Fac          CARE A4+       1       Reaffirmed
Sujata Udit Builders Pvt Ltd          ST Facility        CARE A4        30      Assigned
Sunil Chemical Industries             ST Bk Fac          CARE A4        89      Reaffirmed
Suryadev Alloys And Power Pvt Ltd     ST Bk Fac          CARE A3        3240
Revised from CARE A3+
Tcns Ltd                              ST Bk Fac          CARE A4+       105     Reaffirmed
Textech Indo India Pvt Ltd            ST Bk Fac          CARE A4        10      Reaffirmed
Thangavel Fabrics Pvt Ltd             ST Bk Fac          CARE A4        173
Reaffirmed (Issuer Not Cooperating; Based on best available information)
The Vision House                      ST Bk Fac          CARE A4        8       Assigned
The Waterbase Ltd                     ST Bk Fac          CARE A2        437.8
Revised from CARE A3+ (enhanced from 38.98 Crore)
Thieh Ingots Pvt Ltd                  ST Bk Fac          CARE A4        100
Revised from CARE A4+
Troix Chemicals Pvt Ltd               ST Bk Fac          CARE A4        10
Revised from CARE A4; ISSUER NOT CO-OPERATING
Trust Marketing                       ST Bk Fac          CARE A4+       200
Issuer not cooperating; Revised from CARE A3+
Twincity Sunlife Pvt Ltd              ST Bk Fac          CARE A4        35
Issuer not cooperating; Based on best available information
Ual Industries Ltd                    ST Bk Fac          CARE A1        900
Revised from CARE A2+
Udaipur Poly Sacks Ltd                ST Bk Fac          CARE A4        84      Reaffirmed
Welspun Energy Pvt Ltd                ST Bk Fac (Non-    -              -       Withdrawn
                                      Fund Based)
Worlds Window Infrastructure And      ST Bk Fac          CARE A2+       219.6   Reaffirmed
Logistics Pvt.
(increased from Rs.15.50 Crore)

LONG TERM RATINGS:
-------------------
A2Z Infraservices Ltd                 LT Bk Fac          CARE C         440
Revised from CARE D
Aadesh Travels Pvt Ltd                LT/ ST Bk Fac      CARE B+/A4     29.5    Reaffirmed
Abhilasha Enterprises                 LT Bk Fac          CARE BB        50
Revised from CARE BB+ (reduced from 6.00 Crore)
Abhilasha Enterprises                 LT/STBk Fac        CARE BB/A4     450     Assigned
Acme Solar Energy (Madhya Pradesh) PvtLT Bk Fac #        CARE A (SO)    1793.1  Reaffirmed
Ltd
(reduced from Rs.191 Crore); # backed by unconditional & irrevocable co-obligor undertaking
provided by Acme Solar Technologies (Gujarat) Private Limited
Acme Solar Technologies (Gujarat) Pvt LT Bk Fac #        CARE A (SO)    1277.3  Reaffirmed
Ltd
(reduced from Rs.144 Crore); # backed by unconditional & irrevocable co-obligor undertaking
provided by Acme Solar Energy (Madhya Pradesh) Private Limited
Agastya Nutrifood Industries Llp      LT Bk Fac          CARE B+        90      Reaffirmed
Agastya Nutrifood Industries Llp      LT/ST Bk Fac       CARE B+/A4     25      Reaffirmed
Agrawal Cotspin Pvt Ltd               LT Bk Fac          CARE B+        92      Reaffirmed
(enhanced from 8.00 Crore)
Agroha Colourtec Pvt Ltd              LT Bk Fac          CARE BB        107.5
Revised from CARE BBB-
Aifaz Cotton Processors               LT Bk Fac          CARE B+        120
Issuer not Cooperating, based on best available information
Alstrong Enterprises India Pvt Ltd    LT Bk Fac          -              -       Withdrawn
Amba Shakti Udyog Ltd                 LT Bk Fac          CARE BBB-      375
Revised from CARE BB+
Amity Global Education Organisation   LT Bk Fac          CARE AA-(SO)*  1575    Reaffirmed
* backed by an unconditional and irrevocable guarantee from Ritnand Balved Education Foundation
Amruth Organic Fertilizers            LT Bk Fac          CARE B         100
Issuer not cooperating; Revised from CARE B+on the basis of best available information.
Amul Auto Components Pvt Ltd          LT Bk Fac*                        -       Withdrawn
*backed by unconditional and irrevocable corporate guarantee provided by Amul Industries Private
Limited (AIPL; rated CARE BB; Stable )
Amul Industries Pvt Ltd               LT Bk Fac          CARE BB        437
Revised from CARE BB- (Reduced from 48.30 Crore)
Anjaneya Cotton Traders               LT Bk Fac          CARE B+        57.5    Reaffirmed
Anjani Roller Flour Mills Pvt Ltd     LT Bk Fac          CARE BB-       107.9
Issuer not cooperating; Based on best available information
Annapurna Pet Pvt Ltd                 LT Bk Fac          CARE BB-       193
Issuer not cooperating; Based on best available information
Ansal Properties And Infrastructure LtLT Bk Fac          CARE D         725     Reaffirmed
Apl Apollo Tubes Ltd                  LT Bk Fac          CARE AA-       4450
Revised from CARE A+
Apl Apollo Tubes Ltd                  NCDs (NCDs)        CARE AA-       750
Revised from CARE A+
Archean Industries Pvt Ltd            LT Bk Fac          CARE D         448     Reaffirmed
Arcvac Forgecast Pvt. Ltd.            LT Bk Fac          CARE D         1109.4  Reaffirmed
Arumuga Mudaliar Sornam Educational   LT Bk Fac          CARE D         51.3
Trust
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Arwade Infrastructure Ltd             LT Bk Fac          CARE BB+       60
Issuer not cooperating; Based on best available information
Asai Vishwa Speciality Chemicals Pvt LLT Bk Fac          CARE B+        226.5   Reaffirmed
Asm Traxim Pvt Ltd                    LT Bk Fac          CARE BB        600     Reaffirmed
Aso Agro Pvt Ltd                      LT Bk Fac          CARE B+        161.5   Assigned
Athanas Enterprise Pvt. Ltd.          LT NCD issue       CARE A- (SO)   4350
Revised from CARE BBB+
Atmastco Ltd                          LT Bk Fac          CARE BBB-      211.9   Reaffirmed
(reduced from 23.20 Crore)
B. R. Designs Pvt Ltd                 LT Bk Fac          CARE BB        90.4
Reaffirmed and removed from Issuer Not Cooperating (Reduced from 10.40 Crore)
B. R. Designs Pvt Ltd                 LT/ST Bk Fac       CARE BB/A4     166.7
Reaffirmed and removed from Issuer Not Cooperating (Reduced from 19.60 Crore)
Baharampore Farakka Highways Ltd      LT Bk Fac          CARE BBB-      7450.4  Reaffirmed
Bal Kishan Om Prakash And Company     LT/ST Bk Fac       CARE BB- /A4   80      Assigned
Balaji Alliance Developers Llp        LT Bk Fac          CARE B+        100
Issuer not Co-operating; Based on best available information
Balaji Ginning And Pressing           LT Bk Fac          CARE B+        90
Issuer Not Cooperating; based on best available information
Balaji Multiflex Pvt Ltd              LT Bk Fac          CARE A+        650     Reaffirmed
(Enhanced from Rs.25.00 Crore)
Balasaheb R Bhadane                   LT Bk Fac          CARE BB+       90
Issuer not Cooperating; Based on best available information
Bansal Pathways Habibganj Pvt Ltd     LT Bk Fac          CARE BBB (SO)  4100
Revised from CARE BB+
Bansal Pathways Habibganj Pvt Ltd     LT/ ShortTerm Bk   CARE BBB       350
                                      Fac                (SO)/A3 (SO)
Revised from CARE BB+ / CARE A4+
Bhagwan Mahavir Education Foundation  LT Bk Fac          CARE BBB       1234.3
Issuer not cooperating; Based on best available information
Bharath Salt Refineries Ltd           LT Bk Fac          CARE D         432.9   Reaffirmed
Bvg India Ltd                         LT Bk Fac          CARE A+        6446.8  Reaffirmed
(reduced from 648.75 Crore)
Bvg India Ltd                         Long- term/ ST Bk  CARE A+/A1     7340    Reaffirmed
                                      Fac
Cable Corporation Of India Ltd        LT Bk Fac          CARE BB        388.5   Assigned
Cb Doctor Ventilators Pvt Ltd         LT Bk Fac          CARE B+        12.5    Reaffirmed
Cb Doctor Ventilators Pvt Ltd         LT/ST Bk Fac       CARE B+/A4     100     Reaffirmed
(Enhanced from 3.00 Crore)
Chachan Smelters Pvt Ltd              LT Bk Fac          CARE B+        98.8    Assigned
Chandigarh Distillers & Bottlers Ltd  LT Bk Fac – Fund   -              -       Withdrawn
                                      based
Chandigarh Distillers & Bottlers Ltd  LT Bk Fac – TL     CARE BBB+      704.3   Reaffirmed
(enhanced from 33.20 Crore)
Citylife Retail Pvt Ltd               LT Bk Fac          CARE BBB       700     Assigned
Cnc India Tools And Services Pvt Ltd  Long - term Bk Fac CARE BB+       95
Issuer not cooperating, Based on best available information
Consolidated Coin Company Pvt Ltd     LT Bk Fac          CARE BBB       50
Issuer not cooperating; Based on best available information
Consolidated Coin Company Pvt Ltd     LT/ ST Bk Fac      CARE BBB/A3+   2550
Issuer not cooperating; Based on best available information
Continental Carbon India Ltd          LT Fac             CARE BBB (SO)  64.8    Reaffirmed
(reduced from Rs.13.27 Crore)
Daulat Ram Engineering Services Pvt LtLT Bk Fac          CARE BB+       227.2
Revised from CARE BB(enhanced from Rs.12.59 Crore)
Daulat Ram Engineering Services Pvt LtLT / Shortterm Bk  CARE BB+/A4+   900
                                      Fac
Revised from CARE BB/ CARE A4 (enhanced from Rs.25.22 Crore)
Db Power Ltd                          LT Bk Fac          CARE A-        79031.4 Reaffirmed
(reduced from Rs.8221.00 Crore)
Dekson Castings Ltd                   LT Bk Fac          CARE B         126.2
Issuer not cooperating; Revised from CARE BB- on the basis of best available information
Devyani Food Industries Ltd           LT Bk Fac          CARE A-        1403    Reaffirmed
(reduced from Rs.143.90 Crore)
Devyani Food Industries Ltd           Long/ST Bk Fac     CARE A-/A2+    499     Reaffirmed
Dhana-Shree Developers                LT Bk Fac          CARE D         13.2
Issuer not cooperating; Based on best available information
Dudh Ganga                            LT Bk Fac          CARE BB        50
Issuer not cooperating; Based on best available information
Dynacons Systems & Solutions Ltd      LT Bk Fac          CARE BB+       210
Issuer not cooperating; Based on best available information
Dynacons Systems & Solutions Ltd      LT/Shortterm Bk    CARE BB+/A4+   129.5
                                      Fac
Issuer not cooperating; Based on best available information
E.I.T.A. India Ltd                    LT Bk Fac          CARE BBB-      380     Reaffirmed
(enhanced from 34.0 Crore)
Eastern Logica Infoway Ltd            LT Bk Fac          CARE BBB       300
ISSUER NOT COOPERATING; on the basis of best available information
Eden Mumbai Solar Pvt Ltd             LT Bk Fac - TL     CARE A+        163.5
Reaffirmed at CARE A+
Eden Mumbai Solar Pvt Ltd             LT Bk Fac- CC      CARE A+        44      Assigned
Eden Renewable Ranji Pvt Ltd          LT Bk Fac - TL     CARE A+        161.1
Reaffirmed at CARE A+
Eden Renewable Ranji Pvt Ltd          LT Bk Fac- CC      CARE A+        44      Assigned
Eden Solar Energy Gurgaon Pvt Ltd     LT Bk Fac - TL     CARE A+        161.2
Reaffirmed at CARE A+
Eden Solar Energy Gurgaon Pvt Ltd     LT Bk Fac- CC      CARE A+        44      Assigned
Eden Solar Rajdhani Pvt Ltd           LT Bk Fac - TL     CARE A+        149.7
Reaffirmed at CARE A+
Eden Solar Rajdhani Pvt Ltd           LT Bk Fac- CC      CARE A+        44      Assigned
Emaar Mgf Land Ltd                    Non- Convertible   CARE BB        22600   Reaffirmed
                                      Debenture Issue
Emaar Mgf Land Ltd                    Non- Convertible   CARE BB        22600   Reaffirmed
                                      Debenture Issue
Essar Agrotech Ltd                    LT Bk Fac          CARE B         216.5
Issuer Not Cooperating; based on best available information
Everest Sea Food Exports Pvt Ltd      Long - term Bk Fac CARE BB-       83.3
Issuer not cooperating, based on best available information
Everest Sea Foods Pvt Ltd             Long - term Bk Fac CARE BB        101
Issuer not cooperating, based on best available information
Express Handlings World Wide          LT                 CARE BB-       50      Assigned
Express Projects Pvt. Ltd.            LTBk Fac           CARE BB-       200
Issuer not cooperating; Revised from CARE BB on the basis of best available information
Feris Spintex Pvt Ltd                 LT Bk Fac          CARE B+        382.1
Issuer not cooperating
Flash Forge Pvt Ltd                   LT Bk Fac – TL     --             -       Withdrawn
Flash Forge Pvt Ltd                   LT Bk Fac          CARE BBB-      480     Reaffirmed
(reduced from 55.00 Crore)
Fluidtherm Technology Pvt Ltd         LT Bk Fac          CARE BB        52.5
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Food Service India Pvt Ltd            LT Bk Fac – TL     CARE BBB-      100     Assigned
Food Service India Pvt Ltd            LT/ST Bk Fac       CARE BBB-/A3   110     Assigned
Fourth Dimension Solutions Ltd.       LT /ST Bk Fac      CARE BBB-/A3   1000
Revised from CARE BBB-/CARE A3
Freemans Measures Pvt Ltd             LT Bk Fac          CARE D         29.6    Reaffirmed
Reaffirmed; Removed from Non-Cooperation Reaffirmed; Removed from Non-Cooperation
Freemans Measures Pvt Ltd             LT Bk Fac/ ST Bk   CARE D         85      Reaffirmed
                                      Fac
Reaffirmed; Removed from Non-Cooperation
G.Parandhamaiah And Company Cotton    LT Bk Fac          CARE B+        80      Reaffirmed
Ginning Mills
Reaffirmed (Removed from Non-cooperation)
Ganesh Saw Mills Pvt Ltd              Long/ST Bk Fac     CARE B/A4      25
Issuer not Co-operating, based on best available information
Gasha Steels Pvt Ltd                  LT Bk Fac          CARE BB        40
Revised from CARE BB+
Gem Aromatics Pvt Ltd                 Long- term Bk Fac  -              -       Withdrawn
Gem Electro Mechanicals Pvt Ltd       LT/ST Bk Fac       CARE BBB-/A3   80
“Issuer not cooperating; Based on best available information”
Gkb Vision Pvt Ltd                    Long/STBk Fac      CARE BB+/A4+   111.5
Issuer not Co-operating, based on best available information
Gmr Airports Ltd                      LT Bk Fac          -              -       Withdrawn
Gmr Airports Ltd                      Proposed NCD issue CARE AA-       5000    Reaffirmed
Gmr Infrastructure Ltd                LT Bk Fac          CARE BB        25539.8 Reaffirmed
Gmr Infrastructure Ltd                NCD issue          CARE BB        6800    Reaffirmed
Goel Scientific Glass Works Ltd       LT Bk Fac          CARE BB-       39.9    Reaffirmed
Golden Mandhir Retail Pvt Ltd         LT Bk Fac          CARE B+        360.8
Revised from CARE BB (Issuer Not Cooperating; Based on best available information)
Good Day Foods Pvt Ltd                LT Bk Fac          CARE BB        132.6
Issuer not cooperating; Based on best available information
Gopal Glass Works Ltd                 LT Bk Fac          CARE A-        50      Reaffirmed
Gourav Suitings Pvt Ltd               LT Bk Fac          CARE BB-       133     Assigned
Gr Power Switchgear Ltd               LT Bk Fac          CARE BB-       260
Revised from CARE B+ (Reduced from Rs.28 Crore)
Grandiose Buildteck Pvt Ltd           LT Bk Fac          CARE BB        150
“Issuer not cooperating; Based on best available information”
Great Wall Corporate Services Pvt Ltd Long - term Bk Fac CARE BB+       166
Issuer not Cooperating, based on best available information
Great Wall Corporate Services Pvt Ltd Long/ST Bk Fac     CARE BB+/A4+   10
Issuer not Cooperating, based on best available information
Green Infra Btv Ltd                   LT Bk Fac          CARE BBB+      154.3   Reaffirmed
(reduced from 22.28 Crore)
Green Infra Corporate Solar Ltd       LT Bk Fac          CARE A-        930.6
Revised from CARE BBB+ (reduced from 111.60 Crore)
Green Infra Corporate Solar Ltd       LT Bk Fac          CARE A- (SO)/* 5879.8  Reaffirmed
(reduced from 744.40 Crore) ;*based on credit enhancement in the form of an undertaking from
Sembcorp Green Infra Limited (SGIL) to provide funds to cover any actual or anticipated
shortfall in funds available to GICSL, which shall be valid as per the terms of the loan
documents.
Green Infra Solar Energy Ltd          LT Bk Fac          CARE A         50      Reaffirmed
Green Infra Solar Energy Ltd          LT Bk Fac          CARE A (SO)    665     Reaffirmed
(reduced from Rs.74.57 Crore)
Green Infra Wind Energy Assets Ltd    LT Bk Fac          CARE A-        70      Reaffirmed
Green Infra Wind Energy Assets Ltd    LT Bk Fac          CARE A (SO)    571     Reaffirmed
(reduced from Rs.61.30 Crore)
Green Infra Wind Energy Theni Ltd     LT Bk Fac          CARE A-        116.7   Reaffirmed
(reduced from Rs.15.00 Crore)
Green Infra Wind Farms Ltd            LT Bk Fac          CARE A-        45      Reaffirmed
Green Infra Wind Farms Ltd            LT Bk Fac          CARE A (SO)    1000.6  Reaffirmed
(reduced from Rs.107.94 Crore)
Green Infra Wind Power Theni Ltd      LT Bk Fac          CARE A-        10      Reaffirmed
Green Infra Wind Power Theni Ltd      LT Bk Fac          CARE A (SO)    126.7   Reaffirmed
(reduced from Rs.13.52 Crore)
Grg Accessories Ltd                   LT Bk Fac: TL      CARE BBB+      500     Assigned
Grg Accessories Ltd                   LT Bk Fac: CC      CARE BBB+      150     Assigned
Gujarat Hy-Spin Ltd                   LT Bk Fac          CARE BB-       287.7   Reaffirmed
(reduced from 32.58 Crore)
Gujarat Hy-Spin Ltd                   LT Bk Fac/ ST Fac  CARE BB-/A4    20      Reaffirmed
H.G.Narayan And Sons                  LT Bk Fac          CARE BBB-      75      Reaffirmed
Heritage Distiliaries Pvt Ltd         LT Bk Fac          CARE B         150     Reaffirmed
(enhanced from 1.18 Crore)
Hind Charity Trust                    LT Bk Fac          CARE BB        256     Reaffirmed
(reduced from 30 Crore)
Hind Plastics Industries              LT Bk Fac          CARE B+        50
Issuer not cooperating; Based on best available information
Hindustan Laboratories                LT Bk Fac          CARE BBB-      150     Reaffirmed
Hira Steels Ltd                       LT Bk Fac          -              319.2   Withdrawn
Hufort Healthcare Pvt Ltd             LT Bk Fac          CARE BB        55
Issuer not cooperating; Based on best available information
Il&Fs Engineering And Construction Co.LT Fac             CARE BBB-      9028.1  Reaffirmed
Ltd
(enhanced from 893.56 Crore)
Inani Securities Ltd                  LT Bk Fac          CARE BB-       2.5
Issuer not cooperating; Based on best available information
Indexport Leather Export Pvt Ltd      LT Bk Fac          CARE B         90      Assigned
Indian Phosphate Ltd                  LT Bk Fac*         CARE BB        310     Reaffirmed
*Rating assigned to term loan amounting to Rs.0.37 crore has been withdrawn due to repayment of
the same by the company
Indigo Infraprojects Pvt Ltd          LT Bk Fac          CARE BB+       35
Revised from CARE BB
Indus Tubes Ltd                       LT Bk Fac          CARE BB        160     Assigned
Industrial Energy Ltd                 LT Bk Fac          CARE AA        6464.2  Reaffirmed
J P Iscon Pvt Ltd                     LT Bk Fac          CARE BBB+      2610    Assigned
Jagath Milk Dairy                     LT Bk Fac          CARE B+        98.7    Reaffirmed
Jagatjit Industries Ltd.              LT Bk Fac          CARE B+        900     Assigned
Jagatjit Industries Ltd.              LT/ST Bk Fac       CARE B+/A4     200     Assigned
Jagdambey Hydro Projects Llp          Long- Term Bk Fac* CARE A- (SO)   600     Reaffirmed
*The rating is based on the credit enhancement in the form of unconditional and irrevocable
corporate guarantee extended by Zaveri and Company Private Limit
Jakhau Salt Company Pvt Ltd           LT Bk Fac          CARE D         250     Reaffirmed
Jakhau Salt Company Pvt Ltd           LT /ST Bk Fac      CARE D         325     Reaffirmed
Jayaraj Fortune Packaging Pvt Ltd     LT Bk Fac          CARE B+        145
Issuer not cooperating; based on the basis of best available information.
Jayawanti Babu Foundation             LT Bk Fac          CARE D         85.1
Issuer not Co-operating; Based basis of best available information
Jindal Steel & Power Ltd              LT Bk Fac          CARE BBB       15000   Assigned
                                      (Priority TL)
Jindal Steel & Power Ltd              LT Bk Fac          CARE BBB-      179956.8
Revised from CARE D (reduced from 18,440.62 Crore)
Jindal Steel & Power Ltd              NCDs Programme- I  CARE BBB-      5000
Revised from CARE D
Jindal Steel & Power Ltd              NCDs Programme- II CARE BBB-      10000
Revised from CARE D
Jindal Steel & Power Ltd              NCDs Programme- IIICARE BBB-      8000
Revised from CARE D (reduced from 862.00 Crore)
Jindal Steel & Power Ltd              NCDs Programme- IV CARE BBB-      1000
Revised from CARE D
Jindal Steel & Power Ltd              NCDs Programme- V  CARE BBB-      6996
Revised from CARE D (reduced from 750.00 Crore)
Jindal Steel & Power Ltd              NCDs Programme- VI CARE BBB-      4000
Revised from CARE D
Jsw Cement Ltd.                       LT Bk Fac- TL      CARE A-        21946.6
Revised from CARE BBB+ (reduced from Rs.2231.58 Crore)
Jsw Cement Ltd.                       LT Bk Fac- Fund    CARE A-        2040
                                      based
Revised from CARE BBB+ (enhanced from Rs.129.00 Crore)
K & J Projects Pvt Ltd                LT Bk Fac          CARE BB        125.5
Issuer not Co-operating; Based on the basis of best available information
K. B. Ispat Pvt Ltd                   LT Bk Fac          CARE BB        174.6
Revised from CARE BB- and removed from issuer not cooperating (Reduced from 21.13 Crore)
K. B. Ispat Pvt Ltd                   Long/ST Bk Fac     CARE BB/A4     30
Long-term rating revised from CARE BB-shortterm rating reaffirmed and removed from issuer not
cooperating
Kairali Structural Fabrication Pvt LtdLT Bk Fac          CARE BB        50      Reaffirmed
Kairali Structural Fabrication Pvt LtdLT/ Shortterm Bk   CARE BB/A4     100
                                      Fac
Revised from CARE BB / CARE A4+
Kalliyath Steel Traders               LT Bk Fac          CARE BB        60
Revised from CARE BB+
Kalliyath Steel Traders               LT/ Shortterm Bk   CARE BB/A4     40
                                      Fac
Revised from CARE BB+ / CARE A4+
Kaze Energy Ltd                       LT Bk Fac          CARE BBB+      2920
Final Rating
Kerala Steel Associate                LT Bk Fac          CARE BB        120
Revised from CARE BB+(Enhanced from 9 Crore)
Kewalram Textiles Pvt Ltd             Long/ST Bk Fac @   CARE BBB-      902     Reaffirmed
                                                         (SO)/A3 (SO)
@ backed by unconditional and irrevocable corporate guarantee extended by Singapore-based KCTex
International Ltd (KIL) which is the holding company of Kewa
Kewalram Textiles Pvt Ltd             Long/ST Bk Fac #   CARE           1200    Reaffirmed
                                                         BBB-(SO)/CARE
                                                         A3 (SO)
# proposed to be backed by unconditional and irrevocable corporate guarantee of KIL. This rating
is provisional and shall be confirmed upon the execution of
Khushbu Impex                         LT Bk Fac          CARE BB-       3.1     Reaffirmed
Kopalle Pharma Chemicals Pvt Ltd      LT Bk Fac          CARE B+        150
Revised from CARE BB
Krishna Vasudeva Foods And DerivativesLT Bk Fac          CARE BB-       8       Assigned
Pvt Ltd
Krishna Vasudeva Foods And DerivativesLT/ST Bk Fac       CARE BB- /A4   150     Assigned
Pvt Ltd
Ksh Distriparks Pvt Ltd               LT Bk Fac          CARE BBB       85
Removed from credit watch ; Rating Revised from CARE BBB- (Reduced from 88.04 Crore)
Ksh Logistics Ltd                     LT Bk Fac          CARE BBB-      160
Revised from CARE BB-
Ksr Developers Pvt Ltd                LT Bk Fac          CARE BB-       200
Issuer not cooperating; Revised from CARE BB; Based on best available information
Lalit Poly Weave Llp                  LT Bk Fac          CARE BB        78      Assigned
Latha Rice Industries                 LT Bk Fac          CARE B         93.9
Issuer not Co-operating; Based on best available information
Latin Manharlal Securities Pvt Ltd    LT Bk Fac          CARE BB        92      Reaffirmed
(Reduced from Rs.17 Crore)
Lovable Lingerie Ltd                  LT Bk Fac – TL     CARE A+        5.5     Reaffirmed
(reduced from 2.77 Crore)
Lovable Lingerie Ltd                  Long/ST FB Fac –   CARE A+        135     Reaffirmed
                                      CC
Ludlow Jute & Specialities Ltd        LT Bk Fac          CARE A         200
Revised from CARE A (reduced from 23.47 Crore)
Ludlow Jute & Specialities Ltd        LT/ST Bk Fac       CARE A/A2+     600
Revised from CARE A/CARE A2+ (enhanced from 45 Crore)
M. Shailesh & Co.                     LT Bk Fac          CARE BB        50      Reaffirmed
Magnifico Minerals Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Maharashtra Airport Development CompanLT Bk Fac          CARE A-        1730.5
Ltd.
Issuer not cooperating; Based on best available information
Maharashtra Airport Development CompanNCD                CARE A-        1500
Ltd.
Issuer not cooperating; Based on best available information
Maharashtra State Electricity         LT Bk Fac (TL)     CARE A+ (SO)   30000   Reaffirmed
Distribution Company Ltd
(reduced from Rs. 8000 Crore)
Maharashtra Urban Development         Issuer Rating      Withdrawn      -
Mission-Shirdi Municipal Council
Mahavir Rolling Mill Pvt Ltd          LT Bk Fac          CARE BB+       200     Reaffirmed
Mahender Singh Contractor             LT Bk Fac          CARE BB        20      Assigned
Mantora Oil Products Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Maple Logistics Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Maple Odc Movers Pvt Ltd              LT Bk Fac          CARE BBB (SO)  60
Issuer Not Cooperating based on the best available information
Maple Odc Movers Pvt Ltd              LT Bk Fac          CARE BBB (SO)  50
Issuer Not Cooperating based on the best available information
Maruti Nutritious Food Ltd            LT Bk Fac          -              -       Withdrawn
Maxheal Pharmaceuticals (India) Ltd   Long /ST Bk Fac    CARE B+/A4     120
Issuer not cooperating; Based on best available information
Mbh Power Pvt Ltd                     LT Bk Fac          CARE BBB-      37.5    Assigned
Mbh Power Pvt Ltd                     LT/ST Bk Fac       CARE BBB-/A3   340     Assigned
Medha Energy Pvt Ltd                  LT Bk Fac - TL     CARE A+        145.4
Reaffirmed at CARE A+
Medha Energy Pvt Ltd                  LT Bk Fac- CC      CARE A+        44      Assigned
Mega International Pvt Ltd            LT Bk Fac          CARE BBB       20      Reaffirmed
Mega International Pvt Ltd            LT/ST Fac          CARE BBB/A3+   170     Reaffirmed
Mini Diamonds (India) Ltd             LT Bk Fac          CARE B         90
Revised from CARE D
Moksha Thermoplastics Pvt Ltd         LT Bk Fac          CARE BBB-      91.7    Reaffirmed
(reduced from 12.53 Crore)
Moksha Thermoplastics Pvt Ltd         LT/Shortterm Bk FacCARE BBB-/A3   127.5   Reaffirmed
Mp Border Check Post Development Co. LLT Bk Fac          CARE BBB       5523.8  Reaffirmed
(reduced from Rs.645.75 Crore)
Mstc Ltd                              LT Bk Fac          CARE BBB       6200    Reaffirmed
(reduced from 800 Crore)
Mynd Solutions Pvt Ltd                Compulsorily-      CARE BBB+      83.3    Reaffirmed
                                      Convertible
                                      Debenture
(Decreased from 10.00 Crore)
N. M. Rubbers                         LT Bk Fac          CARE B         90
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Nani Resorts & Floriculture Pvt. Ltd. LT Bk Fac          CARE BB-       445.2
Issuer not cooperating; Based on best available information
Nilkanth Kraft Paper Mill             Long- term Bk Fac  CARE B+        72.8    Reaffirmed
(reduced from 8.50 Crore)
Nilkanth Kraft Paper Mill             Long- term/ ST Bk  CARE B+/A4     71.5    Reaffirmed
                                      Fac
(enhanced from 3.00 Crore)
Nippon Motor Corporation Pvt Ltd      LT Bk Fac          CARE BBB-      870     Assigned
Nirmal Cars Pvt Ltd                   LT Bk Fac          CARE BB-       100     Reaffirmed
Nirwan Charitable Trust               LT Bk Fac          CARE BBB-      199.4
Revised from CARE BB+, Stable
Nivasan Homes Pvt Ltd                 LT Bk Fac          CARE BB-       70
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Nobility Estates Pvt Ltd              NCD issue          -              -       Withdrawn
Notandas Jewellers Pvt Ltd            LT Bk Fac          CARE BBB-      300     Reaffirmed
Olive Bar And Kitchen Pvt Ltd         LT Bk Fac          CARE BBB-      199.8   Reaffirmed
(enhanced from Rs.11.81 Crore)
Om Shree International Pvt Ltd        LT Bk Fac (fund    -              -       Withdrawn
                                      based)
Opg Power Ventures Plc                Proposed LT Bk Fac -              -       Withdrawn
Oriental Nagpur Bye Pass Construction LT Bk Fac          CARE D         8747.6  Reaffirmed
Pvt Ltd
(enhanced from Rs.851.59 Crore)
Oriental Pathways (Indore) Pvt Ltd    LT Bk Fac (Senior  CARE A-        1459.5  Reaffirmed
                                      Debt)
(reduced from Rs.156.78 Crore)
Oriental Pathways (Indore) Pvt Ltd    NCD (NCD)          CARE A-        1852.6  Reaffirmed
(reduced from Rs.200 Crore)
Oriental Pathways (Indore) Pvt Ltd    LT Bk Fac          CARE BBB+      893.6   Reaffirmed
                                      (Subordinated Debt)
(reduced from Rs.140 Crore)
Oriental Pathways (Nagpur) Pvt Ltd    LT Bk Fac          CARE BB        426.1
Revised from CARE B+(reduced from 73.92 Crore)
Overseas Infrastructure Alliance IndiaLT/ ST Bk Fac      CARE D         7590
Pvt Ltd
Issuer not cooperating; Revised from CARE B/ CARE A4 on the basis of best available information
P. Duraisamy Maharajha Rice Mills Pvt LT Bk Fac          CARE BB        96.1
Ltd
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Palm Grove Beach Hotels Pvt. Ltd      LT Bk (FB) Fac     CARE A-        2368.4  Reaffirmed
(reduced from Rs.258.20 Crore)
Palmar Mills Pvt Ltd                  LT Bk Fac          CARE BB        116.5   Reaffirmed
Panama Agriculture Pvt Ltd            LT Bk Fac          CARE D         19.5    Reaffirmed
Panorama Television Pvt Ltd           LT/ST Bk Fac       CARE AAA/A1+   1500    Assigned
Paras Ram Textiles Pvt Ltd            LT Bk Fac          CARE B+        71.5    Reaffirmed
(Reduced from 7.71 Crore)
Pattabhi Agro Foods Pvt Ltd           LT Bk Fac          CARE BBB       3800    Assigned
Peppermint Clothing Pvt Ltd           LT Bk Fac          CARE BB-       184.5
Issuer Not Cooperating; Based on Best Available Information
Pheroze Framroze & Company Pvt Ltd    LT Bk Fac          CARE BB        500     Reaffirmed
Pinnae Feeds Ltd                      LT Bk Fac          -              -       Withdrawn
Pinnae Feeds Ltd                      LT/ST Bk Fac       -              -       Withdrawn
Poonia Wines (Rewari)                 LT Bk Fac          CARE BB-       150     Reaffirmed
Prabha Steel Industries               LT Bk Fac          CARE BBB-      9.5     Reaffirmed
Pragathi Group                        LTBk Fac           CARE BBB       689.9
Revised from ProvisionalCARE BBB+(SO); Positive(enhanced from 51 Crore)
Prasadhini Enterprises Pvt Ltd        LT Bk Fac          CARE B+        101.5   Reaffirmed
Prayag Polytech Pvt Ltd               LT Bk Fac          CARE BB        281.1
Revised from CARE BBB-(reduced from 30.51 Crore)
Precast India Infrastructures Pvt Ltd LT Bk Fac          CARE BBB       200     Re-affirmed
Precision Realty Developers Pvt. Ltd. LT Bk Fac          CARE BB+ (SO)  111.4   Reaffirmed
(reduced from Rs.63.13 Crore)
R.A Shaikh Paper Mills Pvt Ltd        LT Bk Fac          CARE BB        100     Reaffirmed
Radha Krishna Agro Products           LT Bk Fac          CARE BB-       73      Assigned
Rajalakshmi Automobiles Pvt Ltd       LT Bk Fac          CARE BB        338.2   Reaffirmed
Rajdeep And Associates                LT Bk Fac          CARE B+        35      Reaffirmed
Rajdeep Energies Pvt Ltd              LT Bk Fac          CARE BB-       40      Reaffirmed
Rajshree Polypack Ltd                 LT Bk Fac          CARE BBB+      226.8   Rating
                                                                                reaffirmed
Rating reaffirmed; Placed on credit watch with developing implications
Ramdev Cold Storage                   LT Bk Fac          CARE B         60
Issuer not cooperating; Based on BestAvailable Information
Ramdhan Spintex                       Long- term Bk Fac  CARE BB-       247.2   Assigned
Rattanindia Solar2 Pvt Ltd            LT Bk Fac          CARE BBB       2300    Assigned
Ravi Cam Manufacturing Pvt Ltd        LT Bk Fac          CARE B+/       61.8
Issuer not Cooperating, based on best available information
Ravi Infrabuild Projects Pvt Ltd      LT/ST Bk Fac       -              -       Withdrawn
Ravi Kamal Roller Flour Mills Pvt Ltd LT Bk Fac          CARE BB-       140
Issuer not cooperating; Based on best available information
Reliance Jio Infocomm Ltd             Proposed NCD Issue CARE AAA       200000  Assigned
Renew Wind Energy (Jath) Ltd          LT Instrument –    CARE AA+ (SO)  4230    Reaffirmed
                                      NCD @
(reduced from 436 Crore) ;@ backed by unconditional and irrevocable first loss partial guarantee
from India Infrastructure Finance Company Ltd (IIFCL, rated ‘CARE AAA; Stable’) to the extent of
(i) 26% of the outstanding principal amount until September 30, 2017 (ii) higher of 28% of the
principal amount or Rs.60 crore for the period commencing on October 1, 2017 until the final
redemption date, provided that the guaranteed amount shall not exceed 50% of the outstanding
principal amount at any time during guarantee term. 
Rico Jinfei Wheels Ltd                LT Fac             CARE BBB-      50
Revised from CARE BB
Ritnand Balved Education Foundation   LT Bk Fac          CARE AA-       18274.8 Reaffirmed
(enhanced from 1,654.83 Crore)
Ritnand Balved Education Foundation   LT / ST Bk Fac     CARE AA-/A1+   150     Reaffirmed
Rizvi Estates And Hotels Pvt Ltd      LT Bk Fac          CARE BB-       180
Revised from CARE B
Road Infrastructure Development CompanLT Bk Fac          CARE BBB-      11048.6 Reaffirmed
Of Rajasthan Ltd
Rochem Separation Systems Pvt Ltd     LT Bk Fac          CARE BBB-      504.6   Reaffirmed
Rochem Separation Systems Pvt Ltd     LT/ST Bk Fac       CARE BBB-/A3   375     Reaffirmed
Rockland Hospitals Ltd                LT Bk Fac          CARE BBB-      5000    Assigned
Rodas Impex Pvt Ltd                   LT Bk Fac          CARE BB-       141.5
“Issuer not cooperating; Based on best available information”
Rohan Builders & Developers Pvt Ltd   LT Bk Fac          CARE A-        1616.3
Revised from CARE BBB+ (reduced from 200.00 Crore)
Rotomag Motors And Controls Pvt Ltd   LT Bk Fac          CARE BBB+      27.1
Revised from CARE BBB (Enhanced from Rs.2.25 Crore)
Rotomag Motors And Controls Pvt Ltd   LT / ST Bk Fac     CARE BBB+/A3+  300
Revised from CARE BBB/ CARE A3+ (Enhanced from Rs.12.00 Crore)
Rotomotive Powerdrives (India) Ltd    LT Bk Fac          CARE BBB+ (SO) 53.2
Revised from CARE BBB (SO) (Enhanced from Rs.4.31 Crore)
Rotomotive Powerdrives (India) Ltd    LT / ST Bk Fac     CARE           200
                                                         BBB+(SO)/CARE
                                                         A3+ (SO)
Revised from CARE BBB (SO)/ CARE A3+ (SO) (Enhanced from Rs.16.00 Crore)
S. K. Industries                      LT Bk Fac          CARE B+        74.3    Assigned
S.V. Aluext Profile Pvt Ltd           LT Bk Fac          CARE BB        40
Issuer not cooperating; Based on best available information
S.V. Aluext Profile Pvt Ltd           Long/ST Bk Fac     CARE BB/A4     60
Issuer not cooperating; Based on best available information
Sagar Steel Processing And            LT Bk Fac          CARE BBB-      230     Reaffirmed
Manufacturing Unit
(enhanced from 15.00 Crore)
Sandeep Motors Pvt. Ltd.              LT Bk Fac          CARE BB+       37.5    Reaffirmed
Sandeep Motors Pvt. Ltd.              LT/ ST Bk Fac      CARE BB+/A4+   7.5     Reaffirmed
Sanjayuttam Agro Foods Pvt Ltd        LT Bk Fac          CARE BB-       194.6
Issuer Not Cooperating; based on best available information
Sanjvik Terminal Pvt Ltd              LT Bk Fac          CARE A-/(SO)   370     Reaffirmed
Sanpar Micro Filters Pvt Ltd          LT Bk Fac          CARE B+        30      Assigned
Sanskaar Builders And Developers      LT Bk Fac          -              -       Withdrawn
Santosh Pulse Mill                    LT Bk Fac          CARE B+        60      Reaffirmed
Sarvajanik Jankalyan Parmarthik Nyas  LT Bk Fac          CARE B+        387.1   Reaffirmed
(reduced from Rs.51.54 Crore)
Satish Agro Industries                LT Bk Fac          CARE BB-       60      Reaffirmed
Satyam Cotex Pvt Ltd                  LT Bk Fac          CARE B+        55
“Issuer not cooperating; Based on best available information”
Sempertrans India Pvt Ltd             LT/ ST Bk Fac      CARE BBB/A2    105
Revised from CARE BBB+/ CARE A2+
Senthilkumar Textiles Mills Pvt Ltd   LT Bk Fac          CARE BB        282
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Serman India Road Makers Pvt Ltd      LT Bk Fac          CARE B+        20
“Issuer not cooperating; Based on best available information”
Serman India Road Makers Pvt Ltd      LT/ST Bk Fac       CARE B+/A4     55
“Issuer not cooperating; Based on best available information”
Shemaroo Entertainment Ltd.           LT Bk Fac – TL     CARE A         349.5   Reaffirmed
(enhanced from 31.50 Crore)
Shemaroo Entertainment Ltd.           LT Bk Fac – CC     CARE A         1250    Reaffirmed
Shiv Flour Mill                       LT Bk Fac          CARE BB-       83      Reaffirmed
Shiv Gorakh Timber Pvt Ltd            LT Bk Fac          CARE B+        12.5    Assigned
Shree Balajee Landmark Hotels Pvt Ltd LT Bk Fac          -              -       Withdrawn
Shree Balaji Agrotech                 LT Bk Fac          CARE B+        101.7
Issuer Not Cooperating; based on best available information
Shreenathji Oil Industries            LT Bk Fac          -              -       Withdrawn
Shri Balaji Industrial Engineering LtdLT Bk Fac*         CARE BBB       200     Reaffirmed
*Rating assigned to term loan amounting to Rs.0.45 crore has been withdrawn due to repayment of
the same by the company
Shri Balaji Industrial Engineering LtdLT/ST Bk Fac       CARE BBB/A3    80      Reaffirmed
Shri Gajanan Agro Industries          Long - term Bk Fac CARE B         64.1
Issuer not Co-operating, based on best available information
Shri Shanker Gauri Agro Product Pvt LtLT Bk Fac          CARE B+        230.1   Assigned
Shri Siddhi Vinayak Sarees            LT Bk Fac          CARE B+        60      Reaffirmed
Sinnar Taluka Vibhagiya Sahakari Dudh LT Bk Fac          CARE B+        115     Assigned
Utpadak And Prakriya Sangh Ltd
Siva Granites Products                LT Bk Fac          CARE BB        15.3
Revised from CARE BB+; (Issuer Not Cooperating; Based on best available information)
Siyaram Yarn Pvt Ltd                  LT Bk Fac          CARE BB-       69.6    Reaffirmed
(enhanced from 6.78 Crore)
Sks Power Generation (Chhattisgarh) LtLT Bk Fac          CARE D         54569.6 Reaffirmed
Sks Power Generation (Chhattisgarh) LtST Bk Fac          CARE D         5040    Reaffirmed
Sks Power Generation (Chhattisgarh) LtNCD                CARE D         2587.4  Reaffirmed
Smsea Marines Pvt Ltd                 LT Bk Fac          CARE BB-       46.4
Issuer not cooperating; Based on best available information.
Softtech Engineers Pvt Ltd            LT Bk Fac          CARE BB+       60
Issuer not Co-operating; Based on the basis of best available information
Som Autotech Pvt Ltd                  Long - term Bk Fac CARE B+        267.1
Issuer not Cooperating, based on best available information
Somany Sanitary Ware Pvt Ltd          LT Bk Fac          CARE BBB-      172.1   Reaffirmed
(reduced from 21.30 Crore)
Soni Traders                          LT Bk Fac          CARE D         600
Issuer not cooperating; Based on best available information
Sreedhareeyam Ayurvedic Eye Hospital  LT Bk Fac          CARE BB+       77.4    Reaffirmed
And Research Center Pvt Ltd
Sreedhareeyam Ayurvedic Medicines Pvt LT Bk Fac          CARE BB+       52.5    Reaffirmed
Ltd
Sri Lakshmi Godavari Spinning Mills LtLT Bk Fac          CARE BB        750     Assigned
Srinithi Enterprises Pvt Ltd          LT Bk Fac          CARE BB        150
Issuer Not Cooperating (Based on best available information)
Srinivasa Educational Society         LT Bk Fac          CARE BB-       71
Issuer not cooperating; Revised from CARE BBbased on best available information
Star Cotspin Ltd                      LT Bk Fac          CARE BBB       57.8    Assigned
Star Cotspin Ltd                      LT/ST Bk Fac       CARE BBB/A3+   50      Assigned
Steel Rolling Mill Of Maharashtra     LT Bk Fac          CARE BB+       250     Reaffirmed
Steel Rolling Mill Of Maharashtra     LT/ ST Bk Fac      CARE BB+       12.5    Reaffirmed
Suba Plastics Pvt Ltd                 LT Bk Fac          CARE BB-       60
Revised from CARE BB; (Issuer Not Cooperating; Based on best available information)
Sujata Udit Builders Pvt Ltd          LT Bk Facility     CARE BB-       44      Assigned
Sunglow Suitngs Pvt Ltd               LT Bk Fac          CARE BB        217.3   Assigned
Sunlex Fabrics Pvt Ltd                LT Bk Fac          CARE BB+       45.6
Revised from CARE B+; ISSUER NOT CO-OPERATING (reduced from Rs.6.35 Crore)
Sunlex Fabrics Pvt Ltd                LT / Shortterm Bk  CARE BB+/A4+   120
                                      Fac
Revised from CARE B+/ CARE A4; ISSUER NOT CO-OPERATING
Suryadev Alloys And Power Pvt Ltd     LT Bk Fac          CARE BBB       13303.4
Revised from CARE BBB+
Swagat Housing Finance Co. Ltd        LT- Bk Fac         CARE BB        100     Reaffirmed
Symphony Vyaapar Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Tajshree Autowheels Pvt Ltd           LT Bk Fac          CARE BB-       87.5
Issuer Not Cooperating; based on best available information
Tajshree Cars Pvt Ltd                 LT Bk Fac          CARE D         148.5
Issuer not cooperating; based on best available information
Tajshree Motors Pvt Ltd               LT Bk Fac          CARE BB-       50
Issuer Not Cooperating; based on best available information
Tcns Ltd                              LT/ST Bk Fac       CARE BB+/A4+   220     Reaffirmed
Tejankar Healthcare And Medical       LT Bk Fac          CARE B         140.2
Research Institute Pvt Ltd
Revised from CARE B+
Textech Indo India Pvt Ltd            LT Bk Fac          CARE BB-       42.6    Reaffirmed
Thangavel Fabrics Pvt Ltd             LT Bk Fac          CARE BB        150
Reaffirmed (Issuer Not Cooperating; Based on best available information)
The Vision House                      LT Bk Fac          CARE BB-       46      Assigned
The Vision House                      LT/ST Bk Fac       CARE BB-/A4    18      Assigned
The Waterbase Ltd                     LT Bk Fac          CARE A-        1119.7
Revised from CARE BBB (enhanced from 42.75 Crore)
Thieh Ingots Pvt Ltd                  LT Bk Fac          CARE BB        50
Revised from CARE BB+
Thriveni Sainik Mining Pvt Ltd        LT Bk Fac*         CARE BBB+ (SO) 1700    Assigned
*backed by unconditional and irrevocable corporate guarantee provided by Thriveni Earthmovers
Private Limited (TEPL, rated rated CARE BBB+ (Under Credit watch with Developing Implications)
and CARE A2 (under Credit watch with Developing Implications) 
Thriveni Sainik Mining Pvt Ltd        LT/ ST Bk Fac*     CARE BBB+      1300    Assigned
                                                         (SO)/A2 (SO)
*backed by unconditional and irrevocable corporate guarantee provided by Thriveni Earthmovers
Private Limited (TEPL, rated rated CARE BBB+ (Under Credit watch with Developing Implications)
and CARE A2 (under Credit watch with Developing Implications)
Toolfab Engineering Industries Pvt LtdLT Bk Fac          CARE BB-       199.2   Reaffirmed
Reaffirmed (Issuer Not Cooperating; Based on best available information)
Transnational Knowledge Society       LT Bk Fac          -              -       Withdrawn
Troix Chemicals Pvt Ltd               LT Bk Fac          CARE B         92.5
Revised from CARE B-; ISSUER NOT CO-OPERATING(Enhanced By Rs. 0.75 Crore)
Trust Investment Advisors Pvt Ltd     LT Bk Fac –Working CARE A         5000    Reaffirmed
                                      Capital Demand
                                      Loans
Trust Marketing                       LT/Shortterm Bk    CARE BB+/A4+   600
                                      Fac
Issuer not cooperating; Revised from CARE BBB/ CARE A3+
Tuscan Agrow                          LT Bk Fac          CARE BB,       133     Reaffirmed
Twincity Sunlife Pvt Ltd              LT Bk Fac          CARE BB-       65
Issuer not cooperating; Based on best available information
Ual Industries Ltd                    LT Bk Fac          CARE A         1093.3  Reaffirmed
(reduced from 119.34 Crore)
Udaipur Poly Sacks Ltd                LT Bk Fac          CARE B         257.7   Reaffirmed
Ultra Space Developers Pvt Ltd        Long Tem Bk Fac    CARE D         2000
                                      –(TL)
Revised from CARE BBB
Unity Milk And Food Products Pvt Ltd  LT Bk Fac          CARE BB-       58.3    Assigned
Vedanta Washery And Logistic SolutionsLT Bk Fac          CARE BBB- (SO) 159.7   Reaffirmed
Pvt Ltd
(reduced from 20.00 Crore)
Venkateshwara Associates              LT Bk Facility     CARE BB-       260     Assigned
Vinay Steel                           LT Bk Fac          CARE B         100
Issuer Not Cooperating; based on best available information
Vivaswan Hotels (India) Pvt Ltd       LT Bk Fac          CARE B         100
“Issuer not cooperating; Based on best available information”
Welspun Energy Pvt Ltd                LT Bk Fac (Non-    -              -       Withdrawn
                                      Fund Based)
Welspun Energy Pvt Ltd                LT Bk Fac- TL      -              -       Withdrawn
Welspun Energy Pvt Ltd                LT Bk Fac (Non-    CARE A+        2000
                                      Fund Based)
Placed on credit watch with developing implications
Woodlands Housing Pvt Ltd             LT Bk Fac          CARE BB-       150     Reaffirmed
Worlds Window Infrastructure And      LT Bk Fac          CARE A-        619     Reaffirmed
Logistics Pvt.
(decreased from Rs.68.36 Crore)
Yarrow Infrastructure Pvt Ltd         LT Bk Fac          CARE BBB+      5365    Assigned
Zaveri And Company Pvt Ltd            LT/ ST Bk Fac      CARE A-/A2+    350     Reaffirmed


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