April 5, 2019 / 7:38 AM / 6 months ago

CARE ratings for Indian debt instruments-Apr 5 Part I

    Apr 5 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 4, 2019.(Part I)

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Archean Industries Pvt Ltd            ST Bk Fac          CARE D         150     Reaffirmed
A2Z Infra Engineering Ltd             ST Bk Fac          CARE D         7210.1  Reaffirmed
(enhanced from 416.02 Crore)
Advance Metering Technology Ltd       ST Bk Fac          CARE A3        40      Reaffirmed
Agarwal Duplex Board Mills Ltd        ST BkFac           CARE A4+       25      -
Issuer not cooperating
Agastya Nutrifood Industries Llp      ST Bk Fac          CARE A4        35      Reaffirmed

Ai Champdany Industries Ltd           ST Bk Fac          CARE A4+       320     Reaffirmed
(reduced from 59.84 Crore)
Aksharchem (India) Ltd                ST BkFac           CARE A1+       60      Reaffirmed
Alankit Assignments Ltd               ST Bk Fac          CARE A3        380     Reaffirmed
(reduced from 43.00 Crore)
Ampsolar India Pvt Ltd                ST Bk Fac          CARE A3        200     Reaffirmed
Anand Carbo Pvt Ltd.                  ST Bk Fac          CARE A3+       520     Reaffirmed
Arun Excello Constructions Llp        ST BkFac           CARE A3        270     Reaffirmed
(enhanced from Rs.15 crore Crore)
Asahi Songwon Colors Ltd              ST Bk Fac          CARE A1+       420     Reaffirmed
Asahi Songwon Colors Ltd              CP (Carved out of  CARE A1+       200     Reaffirmed
                                      Sanctioned fund
                                      based working capital limits)
Au Small Finance Bank (Formerly Known CD (CD)            CARE A1+       5000    Reaffirmed
Floressence Perfumes Pvt Ltd          ST Bk Fac          CARE D         5       -
*Issuer did not cooperate; Based on best available information
As Au Financiers (India) Ltd)
Audi Motors Pvt Ltd                   ST Bk Fac          CARE A3        840     Reaffirmed
(enhanced from 20 Crore)
Bonanza Portfolio Ltd                 ST Fac@            -              -       Withdrawn
@ The outstanding rating(s) of ‘CARE A3+’ *A Three Plus+ withdrawn basis the request from the
company and ‘No Objection Certificate’ received from the Bank that has extended the credit
facilities rated by CARE.
Bonanza Portfolio Ltd                 ST Fac$            -              -       Withdrawn
$Withdrawn basis the surrender of the aforementioned bank facilities rated by us and as there is
no outstanding under the said loan facility as on date as per the  No Dues Certificate  received
from the bank. 
Bangera Overseas Pvt Ltd              ST Bk Fac          CARE A3        190     Reaffirmed
Bansal Spinning Mills Ltd             ST Bk Fac          CARE A3        650     Revised from
                                                                                A4+
Issuer not cooperating
Barfani Agro Products Pvt Ltd         ST Fac             CARE A4        1.5     Assigned
Baroda Hi-Tech Alloys Pvt Ltd         ST Bk Fac          CARE A3+       65      Reaffirmed
Bawa Float Glass Ltd                  ST Bk Fac          CARE A3+       10      Reaffirmed
Credit watch with developing implications
Bend Joints Pvt Ltd                   ST Bk Fac          CARE A4        45      Reaffirmed
Non-cooperation revoked
Best Corporation Pvt Ltd              ST Bk Fac          CARE A1        110     Reaffirmed
Bhadohi Carpets                       ST Bk Fac          CARE A4+       60      Reaffirmed
Bhoruka Power Corporation Ltd         ST Bk Fac          CARE A4        400     -
Issuer not cooperating
Black Diamond Explosives Pvt Ltd      ST Bk Fac          CARE A3+       302     Reaffirmed
(reduced from 50.60 Crore)
Bonanza Commodity Brokers Pvt Ltd     ST Bk Fac          CARE A3+       750     -
Issuer not cooperating
Bonanza Portfolio Ltd                 ST Bk Fac          CARE A3+       3800    Withdrawn
Brahmaputra Carbon Ltd                ST Bk Fac          CARE A3+       50      Reaffirmed
Bscpl Infrastructure Ltd              ST Bk Fac          CARE A4        700     Reaffirmed
C S Construction Company Pvt Ltd      ST Bk Fac          CARE A2+       5000    Revised from
                                                                                CARE A1 to
                                                                                CARE A2+
Issuer not cooperating
Cantabil Retail India Ltd             ST Bk Fac          -              -       Withdrawn
Cipriani Harrison Valves Pvt Ltd      ST Bk Fac          -              -       Withdrawn
C&S Electric Ltd                      ST Bk Fac - TL     -              -       Withdrawn
C&S Electric Ltd                      ST Bk Fac BG/LC    CARE A1        5200    Reaffirmed
(enhanced from Rs. 500.00 crore Crore)
Centex International Pvt Ltd          ST Bk Fac          CARE A3+       395     Reaffirmed
Chettinad Builders Pvt Ltd            ST Bk Fac#         CARE A1 (SO)   100     Reaffirmed
Backed by corporate guarantee from South India Corpn Private Limited
City Lifeline Travels Pvt Ltd         ST Bk Fac          CARE A3        100     Reaffirmed
Deepak Vegpro Pvt Ltd                 ST Bk Fac          CARE A3        600     Reaffirmed
Del Trade International Pvt Ltd       ST Bk Fac          CARE A4+       310     Reaffirmed
Delhi Trading Corporation             ST Bk Fac          CARE A3        430     Reaffirmed
Delta Paper Mills Ltd                 ST Bk Fac          CARE A4        200     Assigned
Devi Aqua Feeds Pvt Ltd               ST BkFac           CARE A1(SO)    355     Assigned
The Punjab State Co-Operative Supply  ST Bk Fac          CARE A4+       1450    Reaffirmed
And Marketing Federation Ltd (Markfed)
Devi Aquatech Pvt Ltd                 ST BkFac           CARE A1 (SO)   1000    Assigned
Dharani Sugars And Chemicals Ltd      ST Bk Fac          CARE D         271.1   Reaffirmed
Diligent Pinkcity Center Pvt Ltd      ST Bk Fac          CARE A4        128     “Issuer not
                                                                                cooperating
Issuer not cooperating
Dsg Papers Pvt Ltd                    ST Bk Fac          CARE A3        65      Revised from
                                                                                CARE A4+
Ecoair Cooling Systems Pvt Ltd        ST Bk Fac          CARE A4        5       Assigned
Eita India Ltd                        ST BkFac           CARE A3        65      Reaffirmed
Escorts Heart Institute And Research  Bk Fac – Fund      CARE A3        150     Revised from
Centre Ltd                            based – Overdraft                         CARE A4 and
                                                                                placed on credit
watch with developing implications
Fatehpuria Transformers And SwitchgearST Bk Fac          CARE A4        380     Reaffirmed
Pvt Ltd
Fortis Healthcare Ltd                 Bk Fac – Fund      CARE A3        500     Revised from
                                      based – Overdraft                         CARE A4 and
                                                                                placed on credit
watch with developing implications
Fortune Stones Ltd                    ST Bk Fac          CARE A3+       275     Reaffirmed
Ganga R K Industries Pvt Ltd          ST Bk Fac          CARE A4+       15      Revised from
                                                                                CARE A4
Garima Castings                       ST Bk Fac          CARE A4+       55      Revised from
                                                                                A4
(enhanced from Rs.3.50 crore Crore)
Genuine Promoters                     ST Bk Fac          CARE A3        100     Reaffirmed
Goa Sponge & Power Ltd                ST Fac             CARE A4        90      Assigned
Gold Plus Glass Industry Ltd          ST BkFac           CARE A4+       345     -
Goldstar International Pvt Ltd        ST Bk Fac          CARE A4        150     Assigned
Filatex India Ltd                     ST Bk Fac          -              -       Withdrawn
                                      (Non-Fund Based)
Harmony Plastics Pvt Ltd              ST Bk Fac          CARE A2        1       Reaffirmed
Hfm Solar Power Pvt Ltd               ST Bk Fac          CARE A4        30      -
Issuer not cooperating
Tractors India Pvt Ltd                ST Fac             -              -       Withdrawn
Texspin Bearings Ltd                  ST Bk Fac          -              -       Withdrawn
Hindustan Laboratories                ST BkFac           CARE A3        200     Reaffirmed
Hindustan Waste Treatment Pvt Ltd     ST Bk              CARE A2+ (SO*) 73.5    Reaffirmed
                                      FacilityNon-FB –
                                      BkGuarantee
Intergen Energy Ltd                   ST Bk Fac          CARE A4        100     Reaffirmed
Jindal Realty Ltd (Formerly Jindal    ST Bk Fac          CARE A3        550     Reaffirmed
Realty Pvt Ltd)
(OD Crore)
Jms Mining Pvt Ltd                    ST Bk Fac          CARE A1        250     Reaffirmed
K R F Ltd                             ST Bk Fac          CARE A3        60      Revised from
                                                                                CARE A3+
Kalinga Calciner Ltd                  ST Bk Fac          CARE A3+       300     Reaffirmed
Karamhans Foods Pvt Ltd               ST Bk Fac          CARE A4        100     Reaffirmed
Keventer Agro Ltd                     ST BkFac           CARE A3        479     Reaffirmed
(reduced from 49.90 Crore)
Kotecha Steel Forge Pvt Ltd           ST Bk Fac          CARE A4+       9.5     Revised from
                                                                                CARE A4
Lotus Surgicals Pvt Ltd               ST Bk Fac          CARE A3        60      Reaffirmed
Ltc Commercial Company Pvt Ltd        ST Bk Fac          CARE A3+       520     Reaffirmed
(enhanced from Rs.29.40 crore Crore)
Madhu India Deco Ltd                  ST Bk Fac          CARE A4        60      Reaffirmed
Maspack Industries                    ST Bk Fac          CARE A4        1.5     -
Issuer not cooperating
Merlin Creations Pvt Ltd              ST Bk Fac          CARE A4        130     Reaffirmed
Metro And Metro                       ST Bk Fac          CARE A2        110     Reaffirmed
Micromax Informatics Ltd              ST Bk Fac          CARE BBB/A3    2561.1  Revised from
                                                                                CARE BBB+
Metrro Waste Handling Pvt Ltd         ST Bk Fac          CARE A3        150     Reaffirmed
Milano Bathroom Fittings Pvt Ltd      ST Bk Fac          CARE A3+ (SO)  20      Reaffirmed
(enhanced from 0.25 Crore)
Modern Automotives Ltd                ST Bk Fac          CARE A3        7.5     Reaffirmed
Mohan Breweries And Distilleries Ltd  (iii) ST           CARE A4        5.5     Revised from
                                      BkFac(Non-Fund                            CARE D
                                      Based)
Om Shiv Foods                         ST Bk Fac          CARE A4        150     -
*Issuer did not cooperate; Based on best available information
P.C Yadav                             ST Bk Fac          CARE A4        35      Assigned
Pacific Garments Pvt Ltd              ST BkFac           CARE A4        30.5    Reaffirmed
Pankaj C. Patel                       ST Bk Fac          CARE A4        10      -
Issuer not cooperating
Patspin India Ltd                     ST Bk Fac          CARE A4        1575    Reaffirmed
Pattabhi Agro Foods Pvt Ltd           ST Bk Fac          CARE A3+       200     Reaffirmed
Pnc Infratech Ltd                     ST Bk Fac          CARE A1+       50000   Reaffirmed
(enhanced from 3,350 Crore)
Pragya Electric And Electronics       ST Bk Fac          CARE A4        50      Reaffirmed
Corporation
Rajdeep And Associates                STBk Fac           CARE a4        32.5
Issuer not cooperating
Rajdeep Energies Pvt Ltd              STBk Fac           CARE A4        10      -
Issuer not cooperating
Ramdhan Spintex                       ST Bk Fac          CARE A4        15      -
Issuer not cooperating
Raychem Rpg Pvt Ltd                   Corporate          CARE CGR 2-    -       Reaffirmed
                                      Governance Rating
Royalcare Super Speciality Hospital   ST Bk Fac          CARE A4        97      Reaffirmed
Ltd
(enhanced from 4.35 Crore)
Rug Resources                         ST Bk Fac          CARE A4        90      Reaffirmed
Sun-N-Sand Hotels Pvt Ltd             ST Bk Fac          CARE A1+       15      Reaffirmed
S P Construction                      ST Bk Fac          CARE A4        150     Revoked from
                                                                                CARE A4
Samudra Electronic System Pvt Ltd     ST Non-fund based  CARE A2+ (SO*) 15      Reaffirmed
*Based on the credit enhancement in the form of unconditional, irrevocable and continuing
corporate guarantee extended by SMC Infrastructure Private Limited.
Sanganeriya Spinning Mills Ltd        ST Bk Fac          CARE A4        15      Reaffirmed
Saurabh Agrotech Pvt Ltd              ST Bk Fac          CARE A4+       100     Revised from
                                                                                CARE A4
Segam Tiles Pvt Ltd                   ST Bk Fac          CARE A4        30      -
Shannon And Shannon                   ST BkFac           CARE A4        20      Assigned
Shapers Constructions Ltd             ST Bk Fac          CARE A3        340     Reaffirmed
(enhanced from Rs.17 crore Crore)
Sharp Enterprises                     ST Bk Fac          CARE A4        220     Reaffirmed
Shiv Electricals                      ST Bk Fac          CARE A4        100     Revised from
                                                                                CARE A4+
Shree Automotive Pvt Ltd              ST Bk Fac          CARE A3+       80      Assigned
Shri Saraswati Trading Company        ST Bk Fac          CARE A4        100     Assigned
Shri Shyam Ispat (India) Pvt. Ltd     ST Bk Facility     CARE A1        200     Reaffirmed
(enhanced from 5.00 Crore)
Singhal Enterprises Pvt. Ltd          ST Bk Facility     CARE A1        520     Reaffirmed
(enhanced from 18.00 Crore)
Skyways Air Services Pvt Ltd          ST Bk Fac          CARE A2        20      Assigned
Smc Infrastructure Pvt Ltd            ST Bk Fac - (Non   CARE A2+       3880    Reaffirmed
                                      Fund Based
                                      LC/BG)LT/ST BkFac
(enhanced from 243 Crore)
Sri Balaji Vidyapeeth                 ST Bk Fac          CARE A4        90      Reaffirmed
Sri Vengamamba Hotels And Resorts     ST BkFac           CARE A4        2.5     -
Issuer not cooperating
Srm Hotels Pvt Ltd                    ST Bk Fac          CARE A4        100     Reaffirmed
Standard Casting Pvt Ltd              STBk Fac           CARE A4        50      -
Issuer not cooperating
Filatex India Ltd                     ST Bk Fac (Fund    -              -       Withdrawn
                                      Based)
Sumeru Microwave Communications Pvt   ST Bk Fac          CARE A4        32.5    -
Ltd
Issuer not cooperating
Surya Roshni Ltd                      CP                 CARE A1+ (SO)  2900    Reaffirmed
(reduced from 295 Crore)
Surya Roshni Ltd                      CP                 CARE A1+ (SO)  150     Reaffirmed
Surya Roshni Ltd                      CP                 CARE A1+ (SO)  450     Revised from
                                                                                Final to
                                                                                Provisional
(enhanced from 40 Crore)
Taneja Aerospace And Aviation Ltd     ST Bk Fac          CARE A4        121.9   Revised from
                                                                                CARE D
Seajuli Developers & Finance Ltd      ST Bk Fac          -              -       Withdrawn
Tata Steel Bsl Ltd                    CP                 CARE A1+       20000   Assigned
(Rupees Two Thousand Crore Only Crore)
Ostro Urja Wind Pvt Ltd               ST Bk Fac          -              -       Withdrawn
The Motwane Manufacturing Company Pvt ST Bk Fac          CARE A3 (SO)   52.5    Reaffirmed
Ltd
The Nagpur Pallottine Society         ST Bk Fac          CARE A4        10      Reaffirmed
Ual Industries Ltd                    ST Bk Fac          CARE A1        280     Reaffirmed
Um Cables Ltd                         ST Bk Fac          CARE A3+       900     Reaffirmed
Vasantha Industries Ltd               ST BkFac           CAR A3         230.7   Reaffirmed
(Enhanced from 14.07 Crore)
Vbs Textiles Pvt Ltd                  ST Bk Fac          CARE A4        42.5    Reaffirmed
Venus Pipes And Tubes Pvt Ltd         ST Bk Fac          CARE A4        25      -
Issuer not cooperating
Vijay Ship Breaking Corporation       ST Bk Fac          CARE A4        337.5   Reaffirmed
Vijay Solvex Ltd                      ST Bk Fac          CARE A3        730     Reaffirmed
Visakha Container Terminal Pvt Ltd    ST BkFac           CARE A2        50      Reaffirmed
Vyankatesh Metals And Alloys Pvt Ltd  ST Bk Fac          CARE A4        5       “issuer not
                                                                                cooperating
Issuer not cooperating
Yash Appliances                       ST Bk Fac          CARE A3        195     Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Bhoruka Power Corporation Ltd         Medium-term        CARE C (FD)    100     -
                                      instruments
Issuer not cooperating
    
LONG TERM RATINGS:
-------------------
A.P. Refinery Pvt Ltd                 LT Bk Fac          CARE BBB       984.7   Reaffirmed
A.R. Thermosets Pvt Ltd               LT BkFac           CARE BB+       16.2    Re-affirmed
(reduced from 2.25 Crore)
A.R. Thermosets Pvt Ltd               LT/ ST Bk Fac#     CARE BB+ /A4+  195     Re-affirmed
#Total sanctioned limit is capped at Rs.19.50 Cr with Rs.15.50 Cr for fund based and Rs.10 Cr
for non-fund based. LC and BG are interchangeable with non-fund based limits upto Rs.10 Cr
Un-availed fund based limit can be converted to non-fund based to an extent of Rs.2.50 Cr. 
A2Z Infra Engineering Ltd             LT Bk Fac          CARE D         2933.2  Reaffirmed
(reduced from 1047.07 Crore)
A2Z Infraservices Ltd                 LT Bk Fac          CARE C         400.8   Reaffirmed
(Reduced from 44.00 Crore)
Ace Finlease Pvt Ltd                  Issuer Rating      -              -       Withdrawn
Ace Finlease Pvt Ltd                  LT Bk Fac          CARE BB        150     Revised from
                                                                                CARE BB+
(reduced from 20.00 Crore)
Ace Infracity Developers Pvt Ltd      LT Bk Fac-TL       CARE BB+       1200    Revised from
                                                                                CARE BB
Advance Metering Technology Ltd       LT Bk Fac          CARE BBB-      350     Reaffirmed
                                      (Proposed TL)@
Advance Metering Technology Ltd       LT Bk Fac          CARE BBB-      30      Reaffirmed
Advance Metering Technology Ltd       Long/ ST Bk Fac    CARE BBB-/A3   20      Reaffirmed
Agarwal Duplex Board Mills Ltd        LT BkFac           CARE BB+       100     -
Issuer not cooperating
Agastya Nutrifood Industries Llp      LT Bk Fac          CARE B+        83      Reaffirmed
(reduced from 9.00 Crore)
Agastya Nutrifood Industries Llp      LT/STBk Fac        CARE B+/A4     25      Reaffirmed
Agrasen Engineering Industries Pvt LtdLT Bk Fac          CARE BBB+      195.2   Reaffirmed
(enhanced from Rs.6.00 crore Crore)
Ai Champdany Industries Ltd           LT Bk Fac          CARE BB+       339.8   Reaffirmed
(reduced from 90.07 Crore)
Aksharchem (India) Ltd                Long- Term/STBk FacCARE A+/A1+    400     Reaffirmed
Alankit Assignments Ltd               LT Bk Fac          CARE BBB-      325     Reaffirmed
(increased from 7.25 Crore)
Alpha Pacific Systems Pvt Ltd         LT Bk Fac          CARE BB-       60      Revised from
                                                                                CARE B+
Alpha Pacific Systems Pvt Ltd         LT/ST Bk Fac       CARE BB-/A4    40      Revised from
                                                                                CARE B+
Alumatic Cans Pvt Ltd                 LT/ST Bk Fac       CARE D         40      -
*Issuer did not cooperate; Based on best available information
Alumatic Cans Pvt Ltd                 LT Bk Fac          CARE D         37.3    -
*Issuer did not cooperate; Based on best available information
Amar Plastics                         LT Bk Fac          CARE D         583.9   -
Ambuja Realty Development Ltd         LT Bk Fac          CARE BBB-      2740.7  Reaffirmed
Ambuja Realty Development Ltd         Long/ST BkFac      CARE BBB-/A3   125     Reaffirmed
Ampsolar India Pvt Ltd                LT Bk Fac          CARE BBB-      50      Reaffirmed
Anand Carbo Pvt Ltd.                  LT Bk Fac          CARE BBB       250     Reaffirmed
Ankit India Ltd                       LT Bk Fac          CARE BBB+      250     Reaffirmed
Ankit India Ltd                       LT/ST BkFac        CARE BBB+      150     Reaffirmed
Anthem Editute Trust                  LT BkFac           CARE BB+       288     Reaffirmed
Archean Industries Pvt Ltd            LT Bk Fac          CARE D         323     Reaffirmed
(reduced from 44.80 Crore)
Arun Excello Constructions Llp        LT BkFac           CARE BBB-      1266.4  Reaffirmed
(enhanced from Rs.103.80 crore Crore)
Arun Excello Homes Pvt Ltd            LT BkFac           CARE BBB-      2700    Reaffirmed
Arun Excello Realty Pvt Ltd           LT BkFac           CARE BBB-      2365.9  Reaffirmed
(reduced from 240.00 Crore)
Aryamaan Developers Pvt Ltd           LT Bk Fac          CARE BBB-      1599    Assigned
Asahi Songwon Colors Ltd              Long- Term Bk Fac  CARE AA-       225     Reaffirmed
Asahi Songwon Colors Ltd              LT/ST BkFac        CARE AA-/A1+   660     Reaffirmed
Ashiana Dwellings Pvt Ltd             LT Bk Fac          CARE B         481.2
Issuer not cooperating
Ashiana Dwellings Pvt Ltd             LT instruments-    CARE D         648.1   -
                                      OCDs
Issuer not cooperating
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE C         290.1   Revised from
                                      NCD-I                                     CARE B+
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE C         810     Revised from
                                      NCD-III                                   CARE B+
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE D         100     Revised from
                                      Optionally                                CARE B+
                                      ConvertibleDebentures
Atria Brindavan Power Pvt Ltd         LT Bk Fac          CARE BBB (SO)  644     Revised from
                                                                                CARE BBB-
Au Small Finance Bank (Formerly Known LT Bk Fac – TL     CARE AA-       3094.6  Reaffirmed
As Au Financiers (India) Ltd)
Audi Motors Pvt Ltd                   LT Bk Fac          CARE BBB-      567.9   Reaffirmed
(enhanced from 46.79 Crore)
Aurionpro Solutions Ltd               LT Bk Fac ST Bk    CARE BBB+      528.4   Reaffirmed
                                      Fac
(Reduced from 107.36 Crore)
Badu Road Developers Llp              LT Bk Fac          CARE BBB-      150     Reaffirmed
Bakers Circle (India) Pvt Ltd         LT Bk Fac          CARE BB        187.2   Reaffirmed
Bakers Circle (India) Pvt Ltd         LT / ST Bk Fac     CARE BB/A4     20      Reaffirmed
Bangera Overseas Pvt Ltd              LT Bk Fac          CARE BBB-      0.8     Reaffirmed
(Reduced from Rs. 0.36 crore Crore)
Bansal Spinning Mills Ltd             LT Bk Fac          CARE BBB-      1099.2  Revised from
                                                                                CARE BB+
Issuer not cooperating
Barfani Agro Products Pvt Ltd         LT Bk Fac          CARE BB-       81.6    Assigned
Baroda Hi-Tech Alloys Pvt Ltd         LT Bk Fac          CARE BBB       30      Reaffirmed
Bawa Float Glass Ltd                  Long / ST Bk Fac   CARE BBB/A3+   140     Reaffirmed
Credit watch with developing implications
Beekaylon Synthetics Pvt Ltd          LT Bk Fac ST Bk    CARE A-        1540    Reaffirmed
                                      Fac
(enhanced from Rs.114 crore Crore)15
Bend Joints Pvt Ltd                   LT Bk Fac          CARE BB        137.5   Reaffirmed
Non-cooperation revoked
Best Corporation Pvt Ltd              LT Bk Fac          CARE A         1970    Reaffirmed
(reduced from 224.50 Crore)
Best Finance Corporation Pvt Ltd      LT Bk Fac          CARE BBB+(SO)  600     Reaffirmed
Beta Wind Farm Pvt Ltd                EL Rating          -              -       Withdrawn
Betul Oil Ltd                         LT Fund BasedBk    CARE BB+       850     Revised from
                                      Fac                                       CARE
                                                                                BBB-
 Bhadohi Carpets                       Long/ST BkFac      CARE BB+/A4+   140     Reaffirmed
                                                         Double B
 (enhanced from 9.00 Crore)
Bhagwati Woven Pvt Ltd                LT Bk Fac          CARE B+        31.6    -
Issuer not cooperating
Bhagwati Woven Pvt Ltd                LT/STBk Fac        CARE B+/A4     46      -
Issuer not cooperating
Bhatia Energy And Minerals Pvt Ltd    LT Bk Fac          CARE BB        390.2   Reaffirmed
(reduced from 51.95 Crore)
Bhatia Wine Merchants Pvt Ltd         LT Bk Fac          CARE BBB       390.5   Reaffirmed
(reduced from 50.00 Crore),* Issuer did not cooperate; based on best available information
Bhoruka Power Corporation Ltd         LT Bk Fac-CC       CARE C         80      -
Issuer not cooperating
Bhoruka Power Corporation Ltd         LT Bk Fac-TL       CARE D         5226.7  -
Issuer not cooperating
Birlasoft Ltd (Erstwhile Birlasoft    LT Bk Fac          CARE A+        607.5   Continues to
(India) Ltd)                                                                    be on credit
                                                                                watch with
developing implications
Black Diamond Explosives Pvt Ltd      LT Bk Fac          CARE BBB       120     Reaffirmed
Bls Institute Of Management           LT Bk Fac          CARE BB        75      Revised from
                                                                                CARE BB+
Brahmaputra Carbon Ltd                LT Bk Fac          CARE BBB+      468.8   Revised from
                                                                                CARE BBB
(reduced from 72.31 Crore)
Brightsolar Renewable Energy Pvt Ltd  LT Bk Fac- TL      CARE A-        564.8   Reaffirmed
(reduced from Rs.58.85 crore Crore)
Brightsolar Renewable Energy Pvt Ltd  LT Bk Fac- BG      CARE A-        30      Reaffirmed
Bscpl Infrastructure Ltd              LT Bk Fac          CARE B+        4707.5  Reaffirmed
(reduced from 690.00 Crore)
Bscpl Infrastructure Ltd              LT/ST BkFac        CARE B+/A4     17129.6 Reaffirmed
(reduced from 2493.58 Crore)
Buds Tea Industries Ltd               LT Bk Fac          CARE B         223.3   Reaffirmed
Buds Tea Industries Ltd               LT/ST Bk Fac       CARE B/A4      20      Reaffirmed
C&S Electric Ltd                      LT Bk Fac - TL     CARE A         767.5   Reaffirmed
(reduced from 87.01 Crore)
C&S Electric Ltd                      LT Bk Fac - CC     CARE A         2350    Reaffirmed
C. D. Engineering Co                  LT Bk Fac          CARE BB-       140     -
* Issuer not cooperating; Based on best available information
Cantabil Retail India Ltd             LT Bk Fac          -              -       Withdrawn
Centex International Pvt Ltd          LT Bk Fac          CARE BBB+      510     Reaffirmed
Chachan Smelters Pvt Ltd              LT Bk Fac Total    -              -       Withdrawn
                                      Fac
Chandra Engineers                     LT Bk Fac          CARE BB-       60.2    Reaffirmed
Chandra Engineers                     LT/ST Bk Fac       CARE BB-/A4    55.1    Reaffirmed
                                                         (Double B
                                                         Minus/Outlook: /A Four)
Chettinad Builders Pvt Ltd            LT/ST Bk Fac#      CARE A (SO)/A1 750     Reaffirmed
                                                         (SO)
Chettinad Logistics Pvt Ltd           LT Bk Fac          CARE A         700     Reaffirmed
(enhanced from Rs.20.00 crore Crore)
Chettinad Logistics Pvt Ltd           Long/ST BkFac      CARE A/A1      3300    Reaffirmed
(Reduced from Rs.427.50 crore Crore)
Cipriani Harrison Valves Pvt Ltd      LT Bk Fac          -              -       Withdrawn
Cipriani Harrison Valves Pvt Ltd      LT / ST Bk Fac     -              -       Withdrawn
City Lifeline Travels Pvt Ltd         LT Bk Fac          CARE BBB-      50      Reaffirmed
Classic Citi Investments Pvt. Ltd.    LT Bk Fac – TL     CARE A+ (SO@)  795.9   Reaffirmed
@ backed by ‘Letter of Comfort’ issued by Sun-N-Sand Hotels Pvt Ltd., to the lenders of Classic
Citi Investments Pvt Ltd. (CCIPL) for timely servicing of the above-rated facilities
Clean Solar Power (Tumkur) Pvt Ltd    LT Bk Fac          CARE BBB+      9250    Reaffirmed
C-Net Infotech Pvt Ltd                LT Bk Fac          CARE BB-       44.5    -
Issuer not cooperating
C-Net Infotech Pvt Ltd                LT/ST Bk Fac       CARE BB-/A4    30      -
Issuer not cooperating
Corum Hospitality                     LT Bk Fac          CARE B+        95.2    Revised from
                                                                                CARE D
Issuer not cooperating
Cosmic Soft Solution Pvt Ltd          LT Bk Fac          CARE           310     Reaffirmed
                                                         BB-/(Double B
                                                         Minus
Deepak Vegpro Pvt Ltd                 LT Bk Fac          CARE BBB-:     150     Reaffirmed
Deepak Vegpro Pvt Ltd                 LT Bk Fac          CARE BBB-:     150     Reaffirmed
Del Trade International Pvt Ltd       LT Bk Fac          CARE BB+       150     Reaffirmed
Delhi Trading Corporation             LT Bk Fac          CARE BBB-      90      Revised from
                                                                                CARE BBB-
Delhi Trading Corporation             LT/STBk Fac        CARE BBB-/A3   150     Revised from
                                                                                CARE BBB-
Delta Paper Mills Ltd                 LT Bk Fac          CARE BB-       1250    Assigned
Deneb And Pollux Tours And Travels PvtLT Bk Fac          CARE BBB-      100     Reaffirmed
Ltd
Deneb And Pollux Tours And Travels PvtLong / ST Bk Fac   CARE BBB-/A3   15      Reaffirmed
Ltd
Devi Aqua Feeds Pvt Ltd               LT BkFac           CARE A(SO)     200     Assigned
Devi Aqua Feeds Pvt Ltd               LT/ShortTerm Bk FacCARE A(SO)     155     Assigned
Devi Aquatech Pvt Ltd                 LT BkFac           CARE A(SO)     200     Assigned
Devi Aquatech Pvt Ltd                 LT/ShortTerm Bk FacCARE A(SO)     50      Assigned
Devihalli Hassan Tollway Ltd          LTBk Fac           -              -       Withdrawn
Devihalli Hassan Tollway Ltd          NCDs@              CARE AA+(SO)   1595.6  Revised from
                                                                                CARE A+
@based on the credit enhancement in the form of cash pooling mechanism wherein the three SPVs
(namely Western Andhra Tollways Limited (WATL), Krishnagiri Th
Dhansar Engineering Company Pvt Ltd   LT Bk Fac (TL)     CARE BBB+      850     Reaffirmed
Dhansar Engineering Company Pvt Ltd   LT Bk Fac (CC)     CARE BBB+      570     -
Dhansar Engineering Company Pvt Ltd   LT Bk Fac (BG)     CARE BBB+      1190.9  -
Dharani Sugars And Chemicals Ltd      LT Bk Fac (Term    CARE D         3165.3  Reaffirmed
                                      Debt)
Dharani Sugars And Chemicals Ltd      LT Bk Fac (FB and  CARE D         2571.8  Reaffirmed
                                      Non-Fundbased)
Dhru Motors                           LT/ST Bk Fac       CARE BB/A4+    370     Assigned
Digboi Carbon Pvt Ltd                 LT Bk Fac          CARE BBB+      100     Revised from
                                                                                CARE BBB
(Rupees Ten crore Only Crore)
Diligent Pinkcity Center Pvt Ltd      LT Bk Fac          CARE B+/:      767.9   “Issuer not
                                                         ISSUER NOT             cooperating
                                                         COOPERATING (Single B Plus/Outlook:
Issuer not cooperating
Dora Trust                            LT BkFac           CARE BB        550     “Issuer not
                                                                                cooperating
Issuer not cooperating
Dosti Realty Ltd                      LT Bk Fac –        CARE BBB+      1500    Reaffirmed
                                      Proposed
Dsg Papers Pvt Ltd                    LT Bk Fac          CARE BBB-      370.3   Revised from
                                                                                CARE BB+
East Hyderabad Expressways Ltd        LT Bk Fac          CARE D         1005    -
Jaypee Institute Of Information       LT Bk Fac ST Bk    CARE BBB-CARE  746.7   Reaffirmed
Technology Society                    Fac                A3
(reduced from 77.82 Crore)
Eco Cement India Ltd                  LT BkFac           CARE BB+       100     Reaff
(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)
        
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