April 9, 2018 / 12:02 PM / 2 months ago

CARE ratings for Indian debt instruments-Apr 9

    Apr 9 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 6, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
3F Industries Ltd                     ST Bk Fac          CARE A2        6024    Reaffirmed
Accord Communications Ltd             ST Bk Fac          CARE D         20
 
A. G. Shares And Securities Ltd       ST Bk Fac          CARE A4        200     Reaffirmed
Aarti Sponge & Power Ltd              ST Non-FB Bk Fac   CARE A4+;      165     Revised from
                                                                                 CARE A3        
                                                 
Ace Footmark Pvt Ltd                  ST Bk Fac          CARE A4        42      -
(ISSUER NOT COOPERATING)
Ala Chemicals Pvt. Ltd                ST Bk Fac -        CARE A3 (SO)   300     Reaffirmed
                                      Nonfund based -
                                      LC/BG
Alang Ship Breaking Corporation       ST Bk Fac          CARE A4+       350     -
(ISSUER NOT COOPERATING)
Alpha Maier Pvt Ltd                   ST Bk Fac          CARE A3        70      Reaffirmed
Anik Industries Ltd                   ST BkFac           CARE A4        1750    Reaffirmed
Anup Malleables Ltd                   ST Bk Fac          CARE A4        32      Revised from
                                                                                CARE A4+
Apollo Zipper India Ltd               ST Bk Fac          CARE A3        50      Reaffirmed
Atc Tires Pvt Ltd                     ST BkFac           CARE A1+       550     Reaffirmed
Avadh Sugar & Energy Ltd              ST Bk Fac          CARE A2+       548     Reaffirmed
(enhanced from 39.80 Crore)
Badve Engineering Ltd                 ST Bk Fac          CARE A2+       -       Reaffirmed
                                      (Non-Fund Based-
                                      Working capital)
(Enhanced from Rs. 6 crore Crore)
Bag Poly International Pvt Ltd        Short term BkFac   CARE A4        5       -
Bhilaijaypee Cement Ltd               ST Bk Fac          CARE D         1350    Reaffirmed
Bakers Circle India Pvt Ltd           ST Bk Fac LT / ST  CARE A4CARE    3106    Reaffirmed
                                      Bk Fac             BB/A4                  Reaffirmed
Balajee Mini Steels & Re-Rolling Pvt  ST Bk Fac          CARE A3        58.2    -
Ltd
 
Balarka Fabricon Pvt Ltd              ST Bk Fac          CARE A4        10      -
 
Balmukund Sponge & Iron Pvt Ltd       ST Bk Fac          CARE A3        407.4   -
 
Balmund Cement & Roofings Pvt Ltd     ST Bk Fac          CARE A3        130     -
 
Bebitz Flanges Works Pvt Ltd          ST BkFac           CARE A3+       120     Reaffirmed
Bengal Energy Ltd                     ST Bk Fac          CARE A2        8050    Revised from
                                                                                CARE A3
Best Corporation Pvt Ltd              ST Bk Fac          CARE A1        110     Reaffirmed
Bharat Hotels Ltd                     ST Bk Fac          CARE A3        550     Reaffirmed
Bharat Industries                     ST Bk Fac          CARE A4        70      -
 
Bharat Wire Ropes Ltd                 ST BkFac           CARE A4+       650     Revised from
                                                                                CARE A3
(ISSUER NOT COOPERATING)
Bajaj Hindusthan Sugar Ltd            ST BkFac           CARE D         3290.4  -
 
Bonanza Commodity Brokers Pvt Ltd     ST Bk Fac          CARE A3+ [A    750     Revised from
                                                         Three Plus]            CARE A2
Bonanza Portfolio Ltd                 ST Bk Fac          CARE A3+       5000    Revised from
                                                                                CARE A2 (A
                                                                                Two)
C&S Electric Ltd                      ST Bk Fac – BG/LC  CARE A1        5000    Reaffirmed
                                                                                and removed
                                                                                from credit
                                                                                watch
C&S Electric Ltd                      ST Bk Fac – TL     CARE A1        150     Assigned
Centrum Direct Ltd                    ST Bk Fac          CARE A2        362.9   Revised from
                                                                                CARE A3
Commercial Motors                     ST Bk Fac          CARE A4        115     Reaffirmed
Corona Bus Manufacturers Pvt Ltd      ST Bk Fac          CARE A4        30
 
Craftsman Automation Pvt Ltd          ST Bk Fac          CARE A3+       1820    Reaffirmed
Credo Brands Marketing Pvt Ltd        ST Bk Fac(Non Fund CARE A1+       175     Reaffirmed
                                      Based)
D And M Cables Pvt Ltd                ST Bk Fac          CARE A4        15      Reaffirmed
Dc Industrial Plant Services Pvt Ltd  ST Bk Facility     CARE A4        100     Reaffirmed
Dhariwal Infrastructure Ltd           ST Bk Fac          CARE A3        1000    Reaffirmed
Ducon Infratechnologies Ltd           ST Bk Fac          CARE A4        550     Revised from
                                                                                CARE A4+
Elegant Fashion Fiber Chemicals Ltd   ST Bk Fac          CARE A4        48      Assigned
Essel Infraprojects Ltd               ST Bk Fac          CARE A3+       8642    Reaffirmed
(enhanced from 541.00 Crore)
Etc Agro Processing India Pvt Ltd     ST Bk Fac (fund    CARE A3        800     Reaffirmed
                                      based/non-fund
                                      based)
Etg Agro Pvt Ltd                      ST Bk Fac (fund    CARE A3        1200    Reaffirmed
                                      based/non-fund
                                      based)
(Enhanced from 80.00 Crore)
Fashion Accessories                   Bk Fac-Fund        CARE A3        250     Revised from
                                      Based-STEPC/PCFC                          CARE A3+
Fashion Accessories                   Bk Fac-Non Fund    CARE A3        50      Revised from
                                      Based-STLC/BG                             CARE A3+
Fermenta Biotech Ltd                  ST Bk Fac          CARE A3+       52.5    Continues on
                                      (non-fund based)                          credit watch
                                                                                with developing
                                                                                implications
Focus Shares & Securities Pvt. Ltd    ST Bk Fac          CARE A4        600     Reaffirmed
G V Pratap Reddy                      ST Bk Fac          CARE A4        160     Assigned
Galaxy Offset India Pvt Ltd           ST Bk Fac          CARE A4        15      Reaffirmed
Garg Aluminio Pvt Ltd                 ST Bk Fac          CARE A4        30      Reaffirmed
Gogoal Hydro Pvt Ltd                  ST Bk Fac          CARE A4        315     -
(ISSUER NOT COOPERATING)
Hal Offshore Ltd                      ST BkFac           CARE A3+       2000    Continues on
                                                                                Credit watch
                                                                                with developing
                                                                                implications
Haldia Energy Ltd                     ST Bk Facility     CARE A1+       2000    Reaffirmed
Haldia Energy Ltd                     CP Issue*          CARE A1+       4500    Reaffirmed
*HEL maintains that the aggregate outstanding under CP and cash credit shall be within the
sanctioned working capital limit.
Haldiram Bhujiawala Ltd               ST Bk Fac          CARE A3+       3       Reaffirmed
Hawa Valves (India) Pvt Ltd           ST Bk Fac          CARE A3        840     Reaffirmed
Hind Charitable Trust                 ST Bk Fac          CARE A3        23      Revised from
                                                                                CARE A3+
 
Hospitality Education Services        ST Bk Fac          CARE A4        315     -
International
(ISSUER NOT COOPERATING)
Hule Constructions Pvt Ltd            ST BkFac           CARE A4        30      Revised from
                                                                                CARE A4
 
Ideal Carpet Industries               ST BkFac           CARE A4        80      -
(ISSUER NOT COOPERATING)
Indore Sahakaridugdhsanghmaryadit     ST Bk Fac          CARE A1        200     Continues on
                                                                                credit watch
                                                                                with developing
implications
Innovators Façade Systems India Pvt.  ST Bk Fac – LC/BG  CARE A3        382.5   Reaffirmed
Ltd.
Jcc Infratech Pvt Ltd                 ST Bk Fac          CARE A4        67.5    Reaffirmed
Jics Logistic Ltd                     ST BkFac           CARE A4+       75      Revised from
                                                                                CARE A3
Jotindra Steel And Tubes Ltd          ST Bk Fac          CARE A4        700     Reaffirmed
Karuna Greentech Pvt Ltd              ST Bk Fac          CARE A4        100     Reaffirmed
Ken Agritech Pvt Ltd                  ST Bk Fac          CARE A4+       182     Reaffirmed
Kuantum Papers Ltd                    ST Bk Fac          CARE A2+       650     Reaffirmed
(enhanced from Rs. 53.25 crore Crore)
Kujjal Builders Pvt Ltd               ST Bk Fac          CARE A3        105     Reaffirmed
Lalitha Chem Industries Pvt. Ltd      ST Bk Fac -        CARE A3        652.5   Reaffirmed
                                      Non-fund based -   (A Three)
                                      LC/BG
Lucid Colloids Ltd                    ST Bk Fac          CARE A4+       85      Revised from
                                      (non-fund based)                          CARE A3
M A Enterprises                       ST Bk Fac          CARE A3+ (SO)  380     Revised from
                                                                                CARE A3 (A
                                                                                Three
M.G. Chariots Pvt Ltd                 ST Bk Fac          CARE A4        1       -
 
Madhu Overseas                        ST Bk Fac          CARE A4        65      Reaffirmed
Magadh Sugar& Energy Ltd              ST Bk Fac          CARE A2+       247.5   Reaffirmed
(enhanced from 19.75 Crore)
Mahak Rice Industries                 ST Bk Fac          CARE A4        50      Assigned
Maharashtra State Power Generation Co.ST Bk Fac          CARE A2+       11500   Reaffirmed
Ltd
Mahati Industries Pvt Ltd             ST Bk Fac          CARE A3        250     Reaffirmed
Mahavirpolyplast Pvt Ltd              ST Bk Fac          CARE A4        42.5    -
 
Maithan International                 ST Bk Fac          CARE A4+       80      -
 
Mamata Machinery Pvt Ltd              ST Bk Fac          CARE A3        23.5    Reaffirmed
Mani Square Ltd.                      ST Bk Fac          CARE A3        1171    Reaffirmed
(reduced from 125.00)
Merlin Creations Pvt Ltd              ST Bk Fac          CARE A4        130     Revised from
                                                                                CARE A4+
Metcon India Realty & Infrastructure  ST Bk Fac          CARE A4;       200
Pvt Ltd                                                  
 
Micromax Informatics Ltd              ST Bk Fac          CARE A2        5960    Revised from
                                                                                CARE A1
(reduced from 916.00 Crore)
Mukul Exports                         ST Bk Fac          CARE A4+       44      Reaffirmed
Nayak Infrastructure Pvt Ltd          ST Bk Fac          CARE A3        25      Reaffirmed
Neelachal Ispat Nigam Ltd             ST Bk Fac          CARE A4        1570.5  Reaffirmed
Neo Metaliks Ltd                      ST Bk Fac          CARE A3        900     -
 
Nexo Industries Pvt Ltd               ST Bk Fac          CARE A2        168.1   Reaffirmed
Omkar Realtors And Developers Pvt Ltd ST Bk Fac (TL)     CARE A4        250     Revised from
                                                                                CARE A3
Omkar Realtors And Developers Pvt Ltd ST Non-fund based  CARE A4        500     Revised from
                                      (LC/BG)                                   CARE A3
Partap Cotex Pvt Ltd                  ST Bk Fac          CARE A2        20      Assigned
Pooja International                   ST Bk Fac          CARE A4        140     Reaffirmed
Precision Metals                      ST Bk Fac          CARE A1+       580     Reaffirmed
(Enhanced from 11.00 Crore)
Prince Corp Pvt Ltd                   ST Bk Fac (fund    CARE A3        100     Reaffirmed
                                      based)
Prayan Ispat And Steel Pvt Ltd        ST Bk Fac          CARE D         15      -
 
Prince Corp Pvt Ltd                   ST Bk Fac (nonfund CARE A3        620     Reaffirmed
                                      based)
(reduced from Rs.63 crore Crore)
Ps Group Realty Ltd.                  ST Bk Fac          CARE A2+       900     Reaffirmed
(enhanced from 32 Crore)
Punjab State Power Corporation Ltd    ST Bk Fac          CARE A4+       7695    Reaffirmed
                                      (Non-Fund Based)
(enhanced from 669.50 Crore)
Punjab State Power Corporation Ltd    ST Bk Fac (TL)     CARE A4+       3000    Assigned
Rmg Alloy Steel Ltd                   ST Bk Fac          CARE D         1559.8  Reaffirmed
Radico Khaitan Ltd                    ST Bk Fac          CARE A1        600     Reaffirmed
Radico Khaitan Ltd                    CP Issue^          CARE A1        500     Reaffirmed
Rajiva Exports                        ST Bk Fac          CARE A4        40      Reaffirmed
Ram Narayan Contractor                ST Bk Fac          CARE A4+       100     Assigned
Ramalingam Construction Company Pvt   ST Bk Fac (Non     CARE A3+       2000    Reaffirmed
Ltd                                   Fund Based)
(enhanced from 130 Crore)
Rapier Machinery Manufacturing CompanyST Bk Fac          CARE A3+       5       Placed on
India Pvt Ltd                                                                   credit watch
                                                                                with developing
implications
Ratan Engineering Company Pvt Ltd     ST Bk Fac          A4             2.5     -
 
Rattanindia Finance Pvt Ltd           CP Issue(Proposed) CARE A1+       1000    Assigned
(Rs. One hundred crore only Crore)
Rays Power Infra Pvt Ltd              ST Bk Fac          CARE A3        500     -
 
Recliners India Pvt Ltd               ST Bk Fac          CARE A3        60      Reaffirmed
Riddi Siddi Timber Pvt Ltd            ST Bk Fac          CARE A4        84      Reaffirmed
Rohit & Company                       ST Bk Fac                         -       Withdrawn
Rika Global Impex Ltd                 ST Non Fund        CARE A3        200     Reaffirmed
                                      BasedBk Fac
Roha Dyechem Pvt. Ltd                 Bk Fac-Non-FB -    CARE A2+       450     Reaffirmed
                                      ST-BG/LC
Samudra Electronic System Pvt. Ltd.   ST Non-fund based  CARE A2+       15      Reaffirmed
Secure Print Solutions Pvt Ltd        ST Bk Fac          CARE A4        73.5    Reaffirmed
(reduced from 13.00 Crore)
Seth Industrial Corporation           ST Bk Fac          CARE A3        100     Reaffirmed
Shirpur Gold Refinery Ltd             ST Bk Fac          CARE A2        3280    Reaffirmed
Shree Electricals And Engineers India ST Bk Fac          CARE A4+       350     Reaffirmed
Pvt Ltd
Shree Ganpati Food Products           ST BkFacility      CARE A4        35      Assigned
Jaiprakash Associates Ltd             ST Bk Fac          CARE D         25130   Reaffirmed
Shree Shanti Polysacks Pvt Ltd        ST Bk Fac          CARE A4+       61      Assigned
Shri Girija Smelters Ltd              ST Bk Fac          CARE A4        230     Reaffirmed
                                                                               
 
Shri Vile Parle Kelavani Mandal       ST Bk Fac          CARE A1        150     Reaffirmed
Jaypee Cement Corporation Ltd         ST Bk Fac          CARE D         500     Reaffirmed
Sintercom India Ltd                   ST Bk Fac          CARE A4        80      Reaffirmed
Skm Steels Ltd                        ST Non Fund Based  CARE A3+       50      Reaffirmed
                                      Bk Fac
Smc Infrastructures Pvt Ltd           ST Bk Fac - (Non   CARE A2+       2430    Reaffirmed
                                      Fund Based)LT/ST
                                      BkFac
Standard Castings Pvt Ltd             ST BkFac           CARE A4        20      -
 
Star Agriwarehousing And Collateral   ST Bk Fac – Non    CARE A2        500     Reaffirmed
Management Ltd                        Fund Based
Surajltd                              ST Bk Fac          CARE A4+       124.7   Reaffirmed
Tata Realty And Infrastructure Ltd    ST Bk Fac – Fund   CARE A1+       1000    Assigned
                                      Based
The Ruby Mills Ltd                    ST Bk Fac          CARE A4        128     Reaffirmed
Tata Realty And Infrastructure Ltd    ST Bk Fac –        CARE A1+       3000    Reaffirmed
                                      Non-Fund Based
The Bombay Burmah Trading Corporation ST non- fund /fund CARE A1+       300     Reaffirmed
Ltd                                   based Bk limits
The Punjab State Co-Operative Supply  ST Bk Fac          CARE A4+       3625    Revised from
And Marketing Federation Ltd (Markfed)                                          CARE A4
Trans Metalite India Ltd              ST BkFac           CARE A4        15      -
 
Transstadia Technologies Pvt.         ST BkFac           CARE A4        25      Reaffirmed
Trilok Security Systems India Pvt Ltd ST Bk Fac          CARE A4        12.5    Reaffirmed
Vikran Engineering And Exim Pvt Ltd   ST Bk Fac          CARE A3 [A     100     Reaffirmed
                                                         Three]
Viraj Profiles Ltd                    ST BkFac           CARE A3+       28880.6 Revised from
                                                                                CARE A2
(reduced from 3783.00 Crore)
Western Transformers & Equipments Pvt ST Bk Fac          CARE A4        30      -
Ltd
 
Wpil Ltd                              ST Bk Fac          CARE A1        9.6     Reaffirmed
Wpil Ltd                              CP*                CARE A1        150     Reaffirmed
*carved out of sanctioned working capital limits of the company
Zenith Metaplast Pvt Ltd              STBk Fac           CARE A4        180     -
 

MEDIUM TERM RATINGS:
-------------------
Kuantum Papers Ltd                    LT/Medium-term     CARE A- (FD)   450     Reaffirmed
                                      Fixed deposits
(enhanced from Rs. 40 crore Crore)


LONG TERM RATINGS:
-------------------
3F Industries Ltd                     LT Bk Fac          CARE BBB+      3240    Reaffirmed
3F Industries Ltd                     Long/ST BkFac      CARE BBB+/A2   1760    Reaffirmed
Aarti Sponge & Power Ltd              LT – FB Bk Fac –   CARE BB+       300     Revised from
                                      TL                                        CARE BBB-
 
Aarti Sponge & Power Ltd              LT – FB Bk Fac –   CARE           305     Revised from
                                      CC                 BB+;Stable             CARE BBB-
                                                          * (Double B
Plus;Outlook: Stable  *)
 
Accord Communications Ltd             LT Bk Fac          CARE D         52.4
 
Ace Footmark Pvt Ltd                  LT Bk Fac          CARE B+        185.8   -
 
Ace Footmark Pvt Ltd                  LT/ ST Bk Fac      CARE B+/A4     20      -
 
Acp Tollways Pvt Ltd                  LT Bk Fac          CARE BBB;      12250   Reaffirmed
                                                         Stable [Triple
                                                         B; Outlook: Stable]
Advantage Vinimay Pvt. Ltd.           LT Bk Fac          -              -       Withdrawn
Ala Chemicals Pvt. Ltd                LT Bk Fac – Fund   CARE BBB- (SO) 100     Reaffirmed
                                      Based –CC
Alang Ship Breaking Corporation       LT Bk Fac          CARE BB        40      -
 
Alpha Corp Development Pvt Ltd        LT Instrument      CARE BBB       3000    Reaffirmed
                                      (NCDs) 1) 2)
Alpha Maier Pvt Ltd                   LT Bk Fac          CARE BBB-      27.4    Reaffirmed
Amophil Chemicals Pvt Ltd             LT Bk Fac          CARE BB-       267.3   Assigned
Amsat Industries Pvt Ltd              LT Bk Fac Short    CARE B         -       Issuer Not
                                      Term Bk Fac                               Cooperating
                                                                                 
 
Anik Industries Ltd                   LT Bk Fac          CARE BB+       650     Reaffirmed
Annika Promoters Pvt Ltd              LT Bk Fac          CARE BB (SO)   200     Reaffirmed
Annika Promoters Pvt Ltd              LT Bk Fac          CARE BB (SO)   317.4   Final Rating*
Annika Promoters Pvt Ltd              LT Bk Fac          CARE BB (SO)   232.6   Assigned
Anup Malleables Ltd                   LT Bk Fac          CARE BB        112     Revised from
                                                                                CARE BB+
Apco Infratech Pvt Ltd                LT Bk Fac          CARE A-        2000    Outlook
                                                                                Revised from
                                                                                Stable
Apco Infratech Pvt Ltd                Long/ST Bk Fac     CARE A-        8000    Outlook
                                                                                Revised from
                                                                                Stable
Apollo Zipper India Ltd               LT Bk Fac          CARE BBB-      1108    Reaffirmed
Ardent Steel Ltd                      Bk Fac-TL-LT       CARE BBB-      1518.1  Revised CARE
                                                                                BB
 
Ardent Steel Ltd                      Bk Fac-Fund        CARE BBB-      187.8   Revised from
                                      Based-LT                                  CARE BB
 
Atc Tires Pvt Ltd                     LT BkFac           CARE AA+       4130    Revised from
                                                                                CARE AA
Avadh Sugar & Energy Ltd              LT Bk Fac          CARE A-        8955    Reaffirmed
(reduced from 1040.49 Crore)
Avinash Ramkrishna Developers Pvt. LtdLT Bk Facility     CARE BB+       264.6   Reaffirmed
(reduced from 28.00 Crore)
Azure Power India Pvt Ltd             LT Bk Fac          CARE A+        1457.5  Revised from
                                                                                CARE A-
(reduced from Rs.160.10 crore Crore)
Azure Power India Pvt Ltd             LT / STBk Fac      CARE A+ /CARE  5250    Revised from
                                                         A1+                    CARE A- /
                                                                                CARE A2+
Badve Engineering Ltd                 LT Bk Fac- TL LT   CARE A         13049.2 Reaffirmed
                                      Bk Fac (Fund Based                        Reaffirmed
                                      –Working capital)
(Enhanced fom Rs. 891.14 crore Crore)
Badve Engineering Ltd                 Long/ST Bk Fac     CAREA/CARE A2+ 450     Reaffirmed
                                      (Non-Fund Based)
(Reduced from Rs. 47 Crore Crore)
Bag Poly International Pvt Ltd        LT Bk Fac          CARE B         234     Revised from
                                                                                CARE B+
 
Bag Poly International Pvt Ltd        Long/ST BkFac      CARE B/CARE A4 79.5    Revised from
                                                                                CARE B+
 
Bajaj Hindusthan Sugar Ltd            LT BkFac           CARE D         83822.7 -
 
Bakers Circle India Pvt Ltd           LT Bk Fac          CARE BB        71.2    Reaffirmed
Balajee Mini Steels & Re-Rolling Pvt  LT Bk Fac          CARE BBB-      270.6   -
Ltd
 
Balarka Fabricon Pvt Ltd              LT Bk Fac          CARE BB        55.1    -
 
Balmukund Sponge & Iron Pvt Ltd       LT Bk Fac          CARE BBB-      515     -
 
Balmund Cement & Roofings Pvt Ltd     LT Bk Fac          CARE BBB-      124.9   -
 
Bebitz Flanges Works Pvt Ltd          LT BkFac- TL       CARE BBB       168.8   Reaffirmed
(reduced from 24.47 Crore)
Bebitz Flanges Works Pvt Ltd          LT BkFac- Fund     CARE BBB       885     Reaffirmed
                                      Based
Bengal Energy Ltd                     LT Bk Fac          CARE BBB+      970     Revised from
                                                                                CARE BBB-
Best Corporation Pvt Ltd              LT Bk Fac          CARE A         2245    Reaffirmed
Best Finance Corporation Pvt Ltd      LT Bk Fac          CARE BBB+(SO)  600     Reaffirmed
Bhagwati Products Ltd                 LT Bk Fac          CARE BBB+      422.7   Revised from
                                                                                CARE A-
(enhanced from 36.74 Crore)
Bhagwati Products Ltd                 LT / ST Bk Fac     CARE BBB+      5250    Revised from
                                                                                CARE A-
(reduced from 950 Crore)
Bhandari Automobiles Pvt Ltd          LT Bk Fac          CARE BBB-      700     Reaffirmed
Bharat Hotels Ltd                     LT Bk Fac          CARE BBB-      10940.4 Reaffirmed
Bharat Industries                     LT Bk Fac          CARE B+        10      Revised from
                                                                                CARE BB-
 
Bharat Wire Ropes Ltd                 LT Bk              CARE BB+       3850    -
 
Bharat Wire Ropes Ltd                 LT BkFac           CARE BB+       3850    Revised from
                                                                                CARE BBB-
 
Bhilaijaypee Cement Ltd               LT Bk Fac          CARE D         1700    Reaffirmed
Bhushan Energy Ltd                    LT Bk Fac (TL/ECB) CARE D         24729   -
 
Bhushan Energy Ltd                    ST Bk Fac (ST      CARE D         500     -
                                      Loan)
 
Bhushan Energy Ltd                    ST Bk Fac          CARE D         380     -
                                      (Non-Fund Based)
 
Bhushan Steel Ltd                     LT Bk Fac          CARE D         380216.6-
 
Bhushan Steel Ltd                     ST Bk Fac          CARE D         72568   -
                                      (Working Capital)
 
Bhushan Steel Ltd                     NCD (NCD)          CARE D         8040    -
                                      Programme-I
 
Bhushan Steel Ltd                     NCD (NCD)          CARE D         6550    -
                                      Programme-II
 
C&S Electric Ltd                      LT Bk Fac – TL     CARE A         870.1   Reaffirmed
                                                                                and removed
                                                                                from credit
                                                                                watch
C&S Electric Ltd                      LT Bk Fac – CC     CARE A         2350    Reaffirmed
                                                                                and removed
                                                                                from credit
                                                                                watch
Calamondinn Bungalow                  Proptionally       CARE KTP B+    -       Revised from
                                      convertible                               CARE KTP B
                                      debentureuct
Calcom Cement India Ltd               LT Bk Fac          CARE AA- (SO)  600     -
 ;Based on best available information
Centrum Direct Ltd                    LT Bk Fac          CARE A-        1128.1  Revised from
                                                                                CARE BBB
Centrum Direct Ltd                    Proposed LT / ST   CARE A-/ A2    509     Assigned
                                      Bk Fac
Century Spices Pvt Ltd                LT Bk Fac          CARE B+        75      Assigned
Cms Computers Ltd                     Long term/ST Bk    CARE BBB-/A3   1395    Revised from
                                      Fac                                       CARE BBB/
                                                                                CARE A3+
(Enhanced from 64.50 Crore)
Combine Diamonds Pvt Ltd              LT Bk Fac          CARE B+        550     Reaffirmed
Commercial Motors                     LT Bk Fac          CARE B+        4.3     Revised from
                                                                                CARE B
Corona Bus Manufacturers Pvt Ltd      LT Bk Fac          CARE B-        85      Revised from
                                                                                CARE B+
 
Coruscation Vidyutvitaran (Ujjain) PvtLT Bk Fac -        CARE BBB+ (SO) 625     Revised from
Ltd (Erstwhile Known As               Working Capital                           CARE BBB+
Esselvidyutvitaran (Ujjain) P...      Demand Loan
Cosmic Soft Solutions Pvt Ltd         LT Bk Fac          CARE BB-       316.2   Reaffirmed
Craftsman Automation Pvt Ltd          LT Bk Fac          CARE BBB       6168.7  Revised from
                                                                                CARE BBB
Credo Brands Marketing Pvt Ltd        LT Bk Fac (Fund    CARE A+        455     Revised from
                                      Based)                                    CARE AA-
(Enhanced from 37.50 Crore)
Crop Chemicals India Ltd              LT/ST Bk Fac       CARE BBB-/A3   350     Assigned
Cuprum Bagrodia Ltd.                  LT Bk Fac          CARE A-        501.1   Revised from
                                                                                CARE BBB+
(reduced from 68.44 Crore)
Cuprum Bagrodia Ltd.                  LT/ ST Bk Fac      CARE A- / A2   70      Revised from
                                                                                CARE BBB+ /
                                                                                CARE A3+
(enhanced from 4.62 Crore)
D And M Cables Pvt Ltd                LT Bk Fac          CARE BB-       85      Reaffirmed
Darpan Vinimay Pvt Ltd                LT Bk Fac          CARE BBB-      99.5    Reaffirmed
Dc Industrial Plant Services Pvt Ltd  LT Bk Facility     CARE C         20      Reaffirmed
Delhi Duty Free Services Pvt Ltd      LT Bk Fac          CARE AA-;      3112.2  Reaffirmed
Delhi Duty Free Services Pvt Ltd      LT / ST Bk Fac     CARE AA-;      248     Reaffirmed
                                                         /CARE A1+
Deoband Highways Pvt Ltd              LT Bk Fac          CARE BBB-      3750    Reaffirmed
Dhanraj Solvex Pvt Ltd                LT Bk Fac          CARE BB-       227.2   Revised from
                                                                                CARE B+
Dhansar Engineering Company Pvt Ltd   LT Bk Fac          CARE BBB+      2350.9  Reaffirmed
(reduced from 235.59 Crore) ,outlook revised from Positive to Stable
Dhara Motor Finance Ltd               LT Bk Fac          CARE BB+       250     -
 
Dhariwal Infrastructure Ltd           LT Bk Fac          CARE BBB       33373.5 Reaffirmed
(reduced from 3,434.05 Crore)
Dodsal Enterprises Pvt Ltd            LT Bk Fac          CARE BBB-      350     Revised from
                                                                                CARE BBB
 
Dodsal Enterprises Pvt Ltd            LT/ST Bk Fac       CARE BBB-(SO)  5400    Revised from
                                                         /CARE A3               CARE BBB / A3+
 
Ducon Infratechnologies Ltd           LT Bk Fac          CARE B+        570     Assigned
Electrical Controls & Systems         LT Bk Fac          CARE BBB-      103.8   Reaffirmed
Elegant Fashion Fiber Chemicals Ltd   LT Bk Fac          CARE BB;       50      Assigned
Elkay Telelinks Ltd                   LT Bk Fac          CARE BBB-      150     Reaffirmed
Elkay Telelinks Ltd                   LT/ ST Bk Fac      CARE BBB-/A3   245.6   Reaffirmed
(Enhanced from 21.000)
Essar Vizag Terminal Ltd              LT Bk Fac(TL)      CARE BBB-      5590    Reaffirmed
Essar Vizag Terminal Ltd              LT Bk Fac(LC/BG)   CARE BBB-      1150    Reaffirmed
Essel Infraprojects Ltd               LT Bk Fac          CARE BBB+      5135    Revised from
                                                                                CAREBBB+
(enhanced from 280.00 Crore)
Essel Lucknow Raebareli Toll Roads LtdNCDs (NCD) issue   CARE AAA (SO)  5427    Reaffirmed
Esselurja Pvt Ltd                     LT Bk Fac – TL     CARE BBB-      2889.2  Revised from
                                                                                CARE BBB-
Etc Agro Processing India Pvt Ltd     LT/ST Bk Fac (fund CARE BBB-/CARE 1500    Reaffirmed
                                      based/nonfund      A3
                                      based)
Etc Agro Processing India Pvt Ltd     Long term Bk       Withdrawn      -       Withdrawn
                                      Fac (TL)
Etg Agro Pvt Ltd                      Long term Bk       -              -       Withdrawn
                                      Fac (TL)
Etg Agro Pvt Ltd                      LT/ST Bk Fac (fund CARE BBB-      1000    Reaffirmed
                                      based/nonfund      /CARE A3
                                      based)
(Reduced from 120.00 Crore)
Evergreen International Ltd           LT Bk Fac          CARE B+        120     Revised from
                                                                                CARE BB-
 
Farmers Fortune (India) Pvt Ltd       LT Bk Fac          CARE BBB+      55      Reaffirmed
Farmers Fortune (India) Pvt Ltd       Long/ST Bk Fac –   CARE BBB+/A2   1245    Reaffirmed
                                      Fund based/ Non
                                      Fund based
Fashion Accessories                   Bk Fac-Fund Based  CARE BBB-      155     Assigned
                                      (LT) TL
Fashion Accessories                   Bk Fac-Non Fund    CARE BBB-/CARE 20      Assigned
                                      Based (LT/ST) - BG A3
Fermenta Biotech Ltd                  LT Bk Fac (Fund    CARE BBB+      357.5   Continues on
                                      based)                                    credit watch
                                                                                with developing
implications
(enhanced from Rs.34 crore Crore)
Fermenta Biotech Ltd                  LT Bk Fac (TL)     CARE BBB+      70      Continues on
                                                                                credit watch
                                                                                with developing
implications
Fugro Survey (India) Pvt Ltd          LT Fund Based Bk   CARE A-        50      -
                                      Fac
 
Fugro Survey (India) Pvt Ltd          LT /ST Non Fund    CARE A-/A2+    120     -
                                      Based Bk Fac
 
G V Pratap Reddy                      LT Bk Fac          CARE BB-       40      Assigned
Galacon Infrastructure & Projects Pvt LT Bk FacST Bk Fac CARE BB /CARE  870     Assigned
Ltd                                                      A4                     Assigned
Galaxy Offset India Pvt Ltd           LT Bk Fac          CARE BB+       437.3   Reaffirmed
Garg Aluminio Pvt Ltd                 LT Bk Fac          CARE BB        61.4    Reaffirmed
Gauri Shankar Rice Mills              LTBk Fac           CARE B         50      Revised from
                                                                                CARE B+
 
Giriraj Exim Pvt Ltd                  LT/ST Bk Fac (fund CARE BB+/A4+   700     Revised from
                                      based)                                    CARE BBB-/
                                                                                CARE A3
 
Globalite Industries Pvt Ltd          LT Bk Fac          CARE B+        126     -
 
Globalite Industries Pvt Ltd          LT/ ST Bk Fac      CARE B+/A4     6       -
 
Gmr Rajahmundry Energy Ltd            LT Bk Fac (TL)     CARE D         23523.9 Reaffirmed
Gmr Rajahmundry Energy Ltd            LT fund based Bk   CARE D         670.2   Reaffirmed
                                      Fac (CC)
Gogoal Hydro Pvt Ltd                  LT Bk Fac          CARE BB-       130     -
 
Goverdhan Verma Punjab Jewellers Pvt LLT Bk Fac          CARE B         100     -
 
Grand Hira Resorts Pvt Ltd            LTBk Fac           CARE D         150     -
 
Green Express Carriers Pvt Ltd        LT Bk Fac          CARE B+        120     -
 
Green Field Material Handling Pvt Ltd LT Bk Fac          CARE BB        115.1   Revised from
                                                                                CARE BB+
 
Gufic Biosciences Ltd                 LT Bk Fac(fund     CARE BBB-      250     Continues on
                                      based)                                    credit watch
                                                                                with developing
implications
Hal Offshore Ltd                      LT BkFac           CARE BBB       3000    Continues on
                                                                                Credit watch
                                                                                with developing
implications
Haldia Energy Ltd                     LT Bk Fac          CARE A+        34424.5 Reaffirmed
(reduced from 3,883.00 Crore)
Haldiram Bhujiawala Ltd               LT Bk Fac          CARE BBB+      497     Reaffirmed
Hawa Valves (India) Pvt Ltd           LT Bk Fac          CARE BBB       706.4   Reaffirmed
Highrise Facility Solutions Pvt Ltd   LT Bk Fac (TL)*    CARE BB(SO)    2200    Revised from
                                                                                CARE BBB-
*backed by credit enhancement in form of unconditional and irrevocable corporate guarantee from
Omkar Realtors & Developers Private Limited.
Hind Charitable Trust                 LT Bk Fac          CARE BBB       204     Revised from
                                                                                CARE BBB
 
Hospitality Education Services        LT Bk Fac          CARE B+        130     -
International
 
Hriday Fincorp Pvt. Ltd.              LT Bk Fac          CARE BB        30      Reaffirmed
Hriday Fincorp Pvt. Ltd.              NCD issue          CARE BB        20.6    Reaffirmed
Hriday Fincorp Pvt. Ltd.              Proposed NCD issue CARE BB        49.4    Assigned
Hule Constructions Pvt Ltd            LT BkFac           CARE BB-       90      Revised from
                                                                                CARE B+
 
Ideal Carpet Industries               LT BkFac           CARE B+        80.8    -
 
Ideal Carpet Industries               *Issuer did not                   0       -
                                      cooperate
Indiabulls Dual Advantage Commercial  Indiabulls Dual    CARE AAA (AIF) -       Reaffirmed
Asset Fund                            Advantage
                                      Commercial Asset Fund
(*extendable by 2 years)
Indiabulls High Yield Fund            Indiabulls High    CARE AAA (AIF) -       Reaffirmed
                                      Yield Fund
(*extendable by 1 year)
Indiabulls Real Estate Fund           Indiabulls Real    CARE AAA (AIF) -       Reaffirmed
                                      Estate Fund
(*extendable by 1+1 years)
Indian Infradevelopers                LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE BB-
Indore Municipal Corporation          Issuer Rating#     CARE A+        -       Rating placed
                                                                                on Notice of
                                                                                Withdrawal for 1
year
# the above Issuer Rating is subject to the corporation maintaining overall debt level not
exceeding Rs.850 crore (total outstanding debt as on March 31)
Infertility Institute And Research    LT Bk Fac          CARE BB-       94.8    Assigned
Centre Pvt Ltd
Innovators Façade Systems India Pvt.  LT Bk Fac – TL     -              -       Withdrawn
Ltd.
Innovators Façade Systems India Pvt.  Long/ST Bk Fac     -              -       Withdrawn
Ltd.
Innovators Façade Systems India Pvt.  ST Bk Fac – BG     -              -       Withdrawn
Ltd.
Innovators Façade Systems India Pvt.  LT Bk Fac – CC     CARE BBB-      320     Reaffirmed
Ltd.                                  (CC)
(enhanced from 25.75 Crore)
Interjewel Pvt Ltd                    Bk Fac-Fund        CARE D         2100    -
                                      Based-LT
 
Interjewel Pvt Ltd                    Bk Fac-Non-Fund    CARE D         16      -
                                      Based-ST
 
Investors Clinic Infratech Pvt Ltd    LT Bk Fac          CARE BB-       200     Revised from
                                                                                CARE BB
Iq City Foundation                    LT Bk Fac          CARE BBB-      2089.5  Reaffirmed
Ivy Health & Life Sciences Pvt Ltd    LT Bk Fac          CARE BBB-      200     Reaffirmed
Jabalpur Msw Pvt Ltd                  LT Bk Fac – TL     CARE BBB+ (SO) 1123.6  Revised from
                                                                                CAREBBB+
(reduced from 119.00 Crore)
Jabalpur Msw Pvt Ltd                  LT Bk Fac – CC     CARE BBB+ (SO) 50      Revised from
                                                                                CAREBBB+
Jahangir Biri Factory Pvt Ltd         LT Bk Fac          CARE BB-       147.5   Assigned
Jai Shree Balaji Construction Company LT Bk Fac          CARE BB-       80      Assigned
Jain Sons Finlease Ltd.               Non-Convertible    CARE BBB-      1000    Reaffirmed
                                      Debenture issue
Jain Sons Finlease Ltd.               LT Bk Fac          CARE BBB-      150     Reaffirmed
Jaiprakash Associates Ltd             LT Bk Fac          CARE D         212449.7Reaffirmed
Jaiprakash Associates Ltd             LT NCDs            CARE D         17492.5 Reaffirmed
                                      (aggregate) IV,
                                      VIII, X, XII, XIII
Jaiprakash Associates Ltd             LT/ST Bk Fac       CARE D/D       54572.3 Reaffirmed
Jakson Engineers Ltd                  Fund based Bk Fac  CARE A+        1250    Revised from
                                      – LT – CC                                 CARE A+
(enhanced from 75.00 Crore)
Jakson Engineers Ltd                  Non-fund based     CARE A+        5730    Revised from
                                      BkFac – LT/ST –                           CARE A+/CARE
                                      LC/BG                                     A1+
(enhanced from 385.00 Crore)
Jakson Ltd (Jakson)                   Bk Fac – Fundbased CARE AA-       1200    Reaffirmed
                                      – LT – CC
(enhanced from 95.00 Crore)
Jakson Ltd (Jakson)                   Bk Fac –           CARE AA-/CARE  6000    Reaffirmed
                                      Non-fundbased –    A1+
                                      LT/ ST – BG/LC
(enhanced from 400.00 Crore)
Jakson Power Pvt Ltd (Jppl)           Bk Fac-Fundbased   CARE A+        476.6   Revised from
                                      –TL@                                      CARE A+ (SO)
(reduced from 52.68 Crore)
Jas Toll Road Co. Ltd                 LT Bk Fac          CARE B+        1006.2  Reaffirmation
Jaypee Cement Corporation Ltd         LT Bk Fac          CARE D         23129.4 Reaffirmed
Jcc Infratech Pvt Ltd                 LT Bk Fac          CARE B+        50      Reaffirmed
Jetpur Somnath Tollways Pvt Ltd       LT Bk Fac          CARE BB        7120    Revised from
                                                                                CARE BBB
Jhajjar Kt Transco Pvt Ltd            LT BkFac           CARE A-        1903.8  Reaffirmed
Jhv Steels Ltd                        LT Bk Fac          CARE B+        110     Revised from
                                                                                CARE BB-
 
Jics Logistic Ltd                     Long/STBk Fac      CARE BB+/A4+   225     Revised from
                                                                                CARE BBB-
Jotindra Steel And Tubes Ltd          LT Bk Fac          CARE B+        300     Revised from
                                                                                CARE BB-
Jrg Educational Trust                 LT Bk Fac          CARE BB+       100     Reaffirmed
Karuna Greentech Pvt Ltd              LT Bk Fac          CARE BB        130     Reaffirmed
(enhanced from 5.00 Crore)
Karuna Greentech Pvt Ltd              Long/ST Bk Fac     CARE BB/A4     0.1     Assigned
Kay Jay Forgings Pvt Ltd              LT Bk FacST Bk Fac CARE BBB+/CARE 1580    Reaffirmed
                                                         A2
(enhanced from Rs. 100.30 crore Crore)
Ken Agritech Pvt Ltd                  LT Bk Fac          CARE BB+       42.6    Reaffirmed
Ken Agritech Pvt Ltd                  LT/ST BkFac        CARE BB+/A4+   10      Reaffirmed
Khush Housing Finance Pvt. Ltd.       NCD issue          CARE BBB-      400     Reaffirmed
Khush Housing Finance Pvt. Ltd.       LT Bk Fac          CARE BBB-      1000    Reaffirmed
Krishnapatnam Port Co. Ltd            LT Bk              CARE A         52111.5 Reaffirmed
                                      Fac-Refinanced
                                      facility-TL
(reduced from 5252.00)
Krishnapatnam Port Co. Ltd            LT Bk Fac          CARE A         5946.3  Reaffirmed
                                      –External
                                      commercialborrowing
(reduced from 676.65)
Krishnapatnam Port Co. Ltd            LT Bk Fac – CC     CARE A         2000    Reaffirmed
Krishnapatnam Port Co. Ltd            LT/ST Bk Fac-BGs   CARE A/CARE A1 2000    Reaffirmed
Kryfs Power Components Ltd            LT BkFac (TL)      CARE A         70      Revised from
                                                                                CARE A-
Kryfs Power Components Ltd            LT BkFac (FB)      CARE A         250     Revised from
                                                                                CARE A-
Kryfs Power Components Ltd            ST/LT Bk Fac       CARE A /CARE A12050    Revised from
                                      (Fundbased/Non-FB)                        CARE A-
Kryfs Transformers Pvt. Ltd.          ^LT Bk Fac- (FB)   CARE A (SO)    37.5    Revised from
                                                                                CARE A- (SO)
Kryfs Transformers Pvt. Ltd.          ^LT/ ST Bk Fac     CARE A (SO)    100     Revised from
                                      (NonFB)- BG                               CARE A- (SO)
Kuantum Papers Ltd                    LT Bk Fac          CARE A-        3439.2  Reaffirmed
(enhanced from Rs. 215.08 crore Crore)
Kuber Securities                      LT Bk Fac          CARE B         27.5    -
 
Kujjal Builders Pvt Ltd               LT Bk Fac          CARE BBB-      1060    Reaffirmed
L&T Rajkot Vadinar Tollway Ltd        LT Bk Fac          CARE BBB-      7788.5  Reaffirmed
Lalitha Chem Industries Pvt. Ltd      LT Bk Fac – Fund   CARE BBB-      230     Reaffirmed
                                      Based –CC
Lucid Colloids Ltd                    LT/ST BkFac (fund  CARE BB+/A4+   1130    Revised from
                                      based)                                    CARE
                                                                                BBB-/CARE A3
(reduced from Rs.135 crore Crore)
Lucky Minerals                        LT Bk Fac          CARE BB-       120     -
 
Uma Glass Works                       LT Bk Fac          CARE A4        16.5    -
 
Lucky Minerals                        LT/ ST Bk Fac      CARE BB-/A4    17.5    -
 
M A Enterprises                       LT Bk Fac          CARE BBB (SO)  10      Revised from
                                                                                CARE BBB-
M J Engineering Works Pvt Ltd         LT Bk Fac          CARE C         143.5   -
 
M J Engineering Works Pvt Ltd         LT/ Shortterm Bk   CARE C / A4    27      -
                                      Fac
 
M.G. Chariots Pvt Ltd                 LT Bk Fac          CARE B         99      -
 
Maa Subhala Cold Storage Pvt Ltd      LT Bk Facility     CARE B+        88      Assigned
Macro Ventures Pvt Ltd                LT Bk Fac          CARE B+        90      -
 
Madhu Overseas                        LT Bk Fac          CARE B         15      Reaffirmed
Madura Micro Finance Ltd              LT Bk Fac          CARE BBB+      2055.5  Reaffirmed
Magadh Sugar& Energy Ltd              LT Bk Fac          CARE A-        3503    Reaffirmed
(enhanced from 319.3 Crore)
Magus Bengal Estates Llp              LT Bk Fac          CARE BB        1476    Revised from
                                                                                CARE BB+
Mahadev Cold Storage                  LT Bk Fac          CARE B+        80      -
 
Mahak Rice Industries                 LT Bk Fac          CARE BB-       21.7    Assigned
Mahamaya Infrastructure Pvt Ltd       LT Bk Fac          CARE B+        700     Revised from
                                                                                CARE BB
Maharashtra State Power Generation Co.LT Bk Fac          CARE BBB+      77067.8 Reaffirmed
Ltd
Mahati Industries Pvt Ltd             LT Bk Fac          CARE BBB-      198.4   Reaffirmed
Mahavirpolyplast Pvt Ltd              LT Bk Fac          CARE B         87.5    Revised from
                                                                                CARE B+
 
Maheshwari Rice Mills                 LT Bk Fac          CARE B+        61.9    Revised from
                                                                                CARE BB-
 
Malkani Properties                    LT Bk Fac          CARE BB-       170     Re-affirmed
Mamata Machinery Pvt Ltd              LT Bk Fac          CARE BBB-      65      Reaffirmed
Mamata Machinery Pvt Ltd              LT/ ST Bk Fac      CARE BBB-/A3   138     Reaffirmed
Manba Finance Ltd                     LT Bk Fac          CARE BBB+      766.1   Reaffirmed
Mangalam Cement Ltd                   Proposed NCD       CARE AA-       2500    Assigned
Mani Square Ltd.                      b. LT BkFac        CARE BBB-      3255    Reaffirmed
(reduced from 417.00)
Mani Square Ltd.                      a. LT Bk Fac@      CARE BBB- (SO) 2971.9  Revised from
                                                                                CARE BBB
based on credit enhancement in the form of structured payment mechanism for lease rental
discounting (LRD) loan,(enhanced from 218.26)

Madhu India Deco Ltd                  LT Bk Fac          CARE A4        60      Reaffirmed
Manipal Health & Education            LT Bk Fac          CARE BBB(SO)   -       Reaffirmed
(International) Pte Ltd
(reduced from Rs.871 crore),# Equivalent to USD 129.57 million, converted at INR/USD @ Rs.65/USD

Metcon India Realty & Infrastructure  LT Bk Fac          CARE BB;       55
Pvt Ltd                                                  Stable; ISSUER
                                                         NOT COOPERATING* (Double B; Outlook:
Stable;  *)
 
Micro Precession Pvt Ltd              LT Bk Fac          CARE BB-       72.2    Revised from
                                                                                CARE BB
 
Micromax Informatics Ltd              LT Bk Fac          CARE BBB+      80      Revised from
                                                                                CARE A
(reduced from 57.00 Crore)
Microplast Polytex Industries Pvt Ltd LT Bk Fac          CARE B         123.2   Revised from
                                                                                CARE BB-
Motherson Advanced Tooling Solutions  LT Bk Fac (TL)     CARE AA-       309.4   Reaffirmed
Ltd (Mats)
(reduced from 38.94 Crore)
Motherson Advanced Tooling Solutions  LT Bk Fac (CC)     CARE AA-       80      Reaffirmed
Ltd (Mats)
Mukul Exports                         LT Bk Fac          CARE BB        34.7    Reaffirmed
Mukul Exports                         LT Bk Fac/ ST Bk   CARE BB/CARE   6.4     Reaffirmed
                                      Fac                A4+
Nand Estate Developers Pvt Ltd        LT Bk Fac          CARE B         385     Revised from
                                                                                CARE B+
 
Nayak Infrastructure Pvt Ltd          LT Bk Facility     CARE BBB       740     Revised from
                                                                                CARE BBB
Nayak Infrastructure Pvt Ltd          LT/ ST Bk Facility CARE BBB/A3    1350    Revised from
                                                                                CARE BBB
Neelachal Ispat Nigam Ltd             Long- term Bk Fac  CARE A         7822.3  Reaffirmed
                                      (TL Phase-I)
Neelachal Ispat Nigam Ltd             NCDs-I (NCD-I)     CARE A         2000    Reaffirmed
Neelachal Ispat Nigam Ltd             NCDs- I (NCD-II)   CARE A         2000    Reaffirmed
Neelachal Ispat Nigam Ltd             LT Bk Fac (CC)     CARE B-        1400    Reaffirmed
Neelachal Ispat Nigam Ltd             LT Bk Fac (TL      CARE D         5611.9  Reaffirmed
                                      Phase-II)
Neo Metaliks Ltd                      LT Bk Fac          CARE BBB-      872.5   -
 
Neo Metaliks Ltd                      Long/ST Bk Fac     CARE BBB-/CARE 75      -
                                                         A3
 
Nexo Industries Pvt Ltd               LT Bk Fac          CARE BBB+      699.8   Reaffirmed
Nikkamal Jewellers Pvt Ltd            LT Bk Fac          CARE BB-       180     Revised from
                                                                                CARE BB
(Issuer did not cooperate; Based on best available information )
Nirman Developers                     LT Bk Fac          -              -       Withdrawn
Northern Agro Seed Products           LT Bk Fac          -              -       Withdrawn
Nrb Industrial Bearings Ltd           LT Bk Fac - TL     CARE AA-(SO)   13.9    Reaffirmed
                                      (ECB)
Nrb Industrial Bearings Ltd           LT Bk Fac - CC     CARE BBB-      200     Reaffirmed
Nrb Industrial Bearings Ltd           LT Bk Fac –        CARE BBB-      150     Reaffirmed
                                      Working Capital
                                      Loan
Omkar Realtors And Developers Pvt Ltd LT Bk Fac (TL)     CARE BB        10970   Revised from
                                                                                CARE BBB-
Omkar Ventures Pvt Ltd                LT Bk Fac (TL)*    CARE BB(SO)    2800    Revised from
                                                                                CARE BBB-
*backed by credit enhancement in form of unconditional and irrevocable corporate guarantee from
Omkar Realtors & Developers Private Limited.
Oswal Industries Ltd                  LT BkFac           CARE BBB       407.5   Reaffirmed
Oswal Industries Ltd                  LT/ STBk Fac       CARE BBB/CARE  820     Reaffirmed
                                                         A3+
P. D. Sekhsaria Trading Company Pvt   LT Bk Fac (fund    CARE BBB-      900     -
Ltd                                   based)
 
P. D. Sekhsaria Trading Company Pvt LtLT Bk Fac (TL)     CARE BBB-      28.2    -
 / (reduced from Rs.5 crore Crore)
P.A.R.K. Industries Pvt Ltd           LT Bk Fac          CARE BB-       15.2    -
 
P.A.R.K. Industries Pvt Ltd           LT/ ST Bk Fac      CARE BB-/A4    50      -
 
Pacific Garments Pvt Ltd              LT Bk Fac ST Bk    CARE B+        10.1    Revised from
                                      Fac LT/ST Bk Fac                          CARE B
 
Paithan Mega Food Park Pvt Ltd        LT BkFac           CARE BB        136     Revised from
                                                                                CARE BB (SO)
Paithan Mega Food Park Pvt Ltd        LT BkFac           CARE BBB- (SO) 300     Revised from
                                                                                CARE BB (SO)
Partap Cotex Pvt Ltd                  LT Bk Fac          CARE BBB+      194     Assigned
Pearltree Hotels & Resorts Pvt Ltd    LT Bk Fac          CARE BB-       56.4    Assigned
Phenil Sugars Ltd                     LT Bk Fac          CARE D         700     -
 
Phenil Sugars Ltd                     ST Bk Fac          CARE D         20      -
 
Phoolchand Infrastructure Pvt Ltd     LT Bk Fac          CARE B+        250     Revised from
                                                                                CARE BB-
 
Ping Telematics Pvt Ltd               LT Bk Fac          CARE B+        85      Revised from
                                                                                CARE B
Pn Clean Energy Ltd                   LT Bk Fac – TL     CARE BBB+ (SO) 894.3   Revised from
                                                                                CAREBBB+
(reduced from 99.24 Crore)
Pooja International                   LT Bk Fac          CARE BB-       6.2     Reaffirmed
Prayan Ispat And Steel Pvt Ltd        LT Bk Fac          CARE D         50.9    -
 
Precision Electronics Ltd             LT Bk Fac          CARE BB        70      Reaffirmed
Precision Electronics Ltd             Long/ST BkFac      CARE BB        80      Reaffirmed
Prince Corp Pvt Ltd                   LT Bk Fac (TL)     CARE BBB       135.8   Reaffirmed
Prince Corp Pvt Ltd                   LT Bk Fac (fund    CARE BBB       700     Reaffirmed
                                      based)
(enhanced from Rs.68.00 crore Crore)
Prince Corp Pvt Ltd                   LT Bk Fac (nonfund CARE BBB       140     Reaffirmed
                                      based)
(enhanced from Rs.11.00 crore Crore)
Prozone Developers & Realtors Pvt. LtdNCDs               CARE B+        340     Re-affirmed
Ps Group Realty Ltd.                  LT Bk Fac          CARE A-        830     Reaffirmed
(enhanced from 42.17 Crore)
Ps Srijan Conclave                    LT Bk Fac          CARE BBB       260     Reaffirmed
Ps Srijan Estate Llp                  LT Bk Fac          CARE BBB-      820     Reaffirmed
Ps Srijan Real Venture Llp            LT Bk Fac          -              -       Withdrawn
Pt Barasentosa Lestari                LT Bk Fac (TL) ^   CARE BB        2340    Continues on
                                                                                credit watch
                                                                                with developing
implications
^The facility is backed by unconditional and irrevocable corporate guarantee provided by GMR
Infrastructure Ltd. (GIL) rated CARE BB; Stable/CARE A4
Punjab State Power Corporation Ltd    LT Bk Fac (Fund    CARE BB+       42534.1 Reaffirmed
                                      Based)
(enhanced from 3,505.18 Crore)
Pv Power Technologies Pvt Ltd         Long/ST – Fund     CARE BBB-      250     Reaffirmed
                                      Based              /CARE A3
(Enhanced from 19.50 Crore)
Pv Power Technologies Pvt Ltd         Long/ST – Non Fund CARE BBB-/CARE 250     Reaffirmed
                                      Based              A3
(Enhanced from 14.00 Crore)
R. Rajesh Exports                     LT Bk Fac          CARE BB+       1010    Reaffirmed
Rac Extrusions Ltd                    Long term Bk Fac   CARE B+        65      -
 
Radico Khaitan Ltd                    LT Bk Fac          CARE A         6670.9  Reaffirmed
Rahul Wire Ropes                      LT Bk Fac          CARE BB        73.9    -
 
Rajiva Exports                        LT Bk Fac          CARE B+        40      Reaffirmed
Ram Narayan Contractor                LT Bk Fac          CARE BB        20      Assigned
Ramalingam Construction Company Pvt   LT Bk Fac- (TL)    CARE BBB+      94.7    Assigned
Ltd
Ramalingam Construction Company Pvt   LT Bk Fac- (Fund   CARE BBB+      800     Reaffirmed
Ltd                                      Based)
(enhanced from 70 Crore)
Rapier Machinery Manufacturing CompanyLT Bk Fac          CARE BBB+      250     Placed on
India Pvt Ltd                                                                   credit watch
                                                                                with developing
implications
Ratan Engineering Company Pvt Ltd     LT Bk Fac          CARE B         127.5   Revised from
                                                                                CARE B+
 
Rays Power Infra Pvt Ltd              LT Bk Fac          CARE BBB       500     -
 
Rays Power Infra Pvt Ltd              LT/ST Bk Fac       CARE BBB       1000    -
 
Recliners India Pvt Ltd               LT Bk Fac          CARE BBB-      120     Reaffirmed
Recliners India Pvt Ltd               LT/ ST Bk Fac      CARE BBB-/A3   15      Reaffirmed
Regal Emporia Infratech Pvt Ltd       LT BkFac           CARE BB- (SO)  250     Revised from
                                                                                CARE BB
Riddi Siddi Timber Pvt Ltd            LT Bk Fac          CARE B+        10      Reaffirmed
Rika Global Impex Ltd                 LT/ ST BkFac       CARE BBB       2050    Reaffirmed
Rmg Alloy Steel Ltd                   LT Bk Fac          CARE D         2574    Reaffirmed
Roha Dyechem Pvt. Ltd                 Bk Fac - LT-TL     CARE A-        3209    Reaffirmed
Roha Dyechem Pvt. Ltd                 Bk Fac-FB - LT/    CARE A- /A2+   1350    Reaffirmed
                                      ST-CC/PC/Bill
                                      Discounting
Rohit & Company                       LT Bk Fac          CARE BBB-      900     Reaffirmed
Rohtas Fasteners Pvt Ltd              LT Bk Fac          CARE BBB-      55.8    Reaffirmed
S V Creditline Pvt Ltd                LT Bk Fac          CARE BB+       1000    Reaffirmed
S. M. Autostar Pvt Ltd                LT Bk Fac          CARE B         79.9    Reaffirmed
S.J. Memorial Education Society       LT Bk Fac          CARE B+;       133.5   Revised from
                                                         Stable ISSUER          CARE BB-
                                                         NOT COOPERATING* (Single B Plus;
Outlook: Stable  )
S.K. Agri Products Pvt. Ltd           LT Bk Fac          -              -       Withdrawn
S.M. Autoparts Pvt Ltd                LT Bk Fac          CARE BB-       100     Revised from
                                                                                CARE BB
 
Saija Finance Pvt Ltd                 NCDs               CARE BBB-      234.5   Revised from
                                                                                CARE BBB-
Saija Finance Pvt Ltd                 NCDs               CARE BBB-      200     Revised from
                                                                                CARE BBB-
Saija Finance Pvt Ltd                 NCDs               CARE BBB-      234.5   Revised from
                                                                                CARE BBB-
Sam International                     LT/ST Bk Fac       CARE BB- /CARE 58      Assigned
                                                         A 4
Samudra Electronic System Pvt. Ltd.   LT Fund based – CC CARE A-        40      Reaffirmed
Samudra Electronic System Pvt. Ltd.   LT Fund based - TL CARE A-        32.8    Reaffirmed
Satwik Feeds                          LT BkFac           CARE B+        62.7    Assigned
Satya Sai Builders & Contractors      LT Bk Fac          CARE B+        70      Reaffirmed
Satya Sai Builders & Contractors      LT Bk Fac /ST Bk   CARE B+        80      Reaffirmed
                                      Fac
Se Transstadia Pvt. Ltd.              LT Bk Fac – TL     CARE C         3256.5  Reaffirmed
(reduced from Rs.339.42 crore Crore)
Se Transstadia Pvt. Ltd.              LT Bk Fac – Non    CARE C         100     Reaffirmed
                                      Fund Based
(reduced from Rs.20.00 crore Crore)
Secure Print Solutions Pvt Ltd        LT Bk Fac          CARE B+        80      Revised from
                                                                                CARE BB-
(reduced from 15.00 Crore)
Senbo Engineering Ltd                 LT Bk Fac          CARE D         1426.8  Reaffirmed
Senbo Engineering Ltd                 ST Bk Fac          CARE D         1573.2  Reaffirmed
Seth Industrial Corporation           LT Bk Fac          CARE BBB-      504.2   Reaffirmed
Shikhar Microfinance Pvt Ltd          LT BkFac (TL)      CARE BB+       500     Reaffirmed
Shirpur Gold Refinery Ltd             LT Bk Fac          CARE BBB+      375     Reaffirmed
Shitla Papers Pvt Ltd                 LT Bk Fac          CARE BB        150     Reaffirmed
Shivalik Mercantile Co-Operative Bank Issuer Rating      CARE BBB-      -       Rating placed
Ltd                                                                             on Notice of
                                                                                Withdrawal for 1
year
Shree Electricals And Engineers India LT Bk Fac          CARE BB+       150     Reaffirmed
Pvt Ltd
Shree Ganpati Food Products           LT BkFacility      CARE B+;       21.4    Assigned
Shree Shanti Polysacks Pvt Ltd        LT Bk Fac          CARE BB+;      79      Assigned
Shri Girija Smelters Ltd              LT Bk Fac          CARE BB-       40      Revised from
                                                                                CARE B+
 
Shri Vile Parle Kelavani Mandal       LT Bk Fac          CARE A+        7196.4  Reaffirmed
Shrotra Enterprises Pvt Ltd           Bk Fac-Fund Based  CARE BBB-      194.4   Reaffirmed
                                      - LT-TL
(Enhanced from 18.26 Crore)
Shrotra Enterprises Pvt Ltd           Bk Fac-Fund Based  CARE BBB-      120     Reaffirmed
                                      - LT-CC
(Reduced from 14.00 Crore)
Siddha Real Estate Development Pvt LtdLT BkFac           CARE BBB       778.6   Placed on
                                                                                credit watch
                                                                                with developing
implications
Sikka Motors Pvt Ltd                  LT Bk Fac          CARE B         490     Reaffirmed
Sim Diam Pvt Ltd                      LT BkFac           CARE BB+       1600    Reaffirmed
Simec Group Ltd                       Proposed Long-     CARE A/A1      6600    Revised from
                                      term/Short- Term                          CARE A+/ CARE
                                      BkFac ^                                   A1+
Sintercom India Ltd                   LT Bk Fac          CARE BB        165.4   Reaffirmed
Sintercom India Ltd                   Long/ST Bk Fac     CARE BB/A4     79.7    Reaffirmed
Skb Foods Products Pvt Ltd            LT Bk Fac          CARE BB+       100     -
 
Skm Steels Ltd                        LT Fund Based Bk   CARE BBB+      4171.7  Reaffirmed
                                      Fac
Smc Infrastructures Pvt Ltd           LT Bk Fac (FBL)    CARE A -       612.5   Reaffirmed
Smc Infrastructures Pvt Ltd           LT/ST Bk Fac       CARE A- /CARE  40      Reaffirmed
                                                         A2+
Spi Engineers Pvt Ltd                 LT Bk Fac          CARE B+        60      Reaffirmation
Sri Shankara Cancer Foundation        LT Bk Fac          CARE BBB-      220     Reaffirmed
(Reduced from Rs. 28.10 crore Crore)
Srk Group                             LT BkFac           CARE BB        410.9   -
 
Standard Castings Pvt Ltd             LT Bk Fac          CARE B         71.3    -
 
Standard Castings Pvt Ltd             Long/ST BkFac      CARE B/CARE    70      -
                                                         A4; ISSUER NOT
                                                         COOPERATING* (Single B/ A Four;
 )
 
Star Agriinfrastructure Pvt Ltd       LT Bk Fac – TL     CARE BBB       214.3   Reaffirmed
Star Agriwarehousing And Collateral   LT Bk Fac – TL     CARE BBB+      392.4   Reaffirmed
Management Ltd
Star Agriwarehousing And Collateral   Long/ST Bk Fac –   CARE BBB+/A2   550     Reaffirmed
Management Ltd                        Fund based/ Non
                                      Fund based
Star Realcon Pvt Ltd                  LT Bk Fac          CARE B-        85      Revised from
                                                                                CARE B
 
Subray Catal Chem Pvt. Ltd            ST Bk Fac -        CARE A3 (SO)   302.5   Reaffirmed
                                      Nonfund based -
                                      LC/BG
Subray Catal Chem Pvt. Ltd            ST Bk Fac -        CARE A3 (SO)   0.5     Reaffirmed
                                      Nonfund based
Subray Catal Chem Pvt. Ltd            LT Bk Fac – Fund   CARE BBB-      87      Reaffirmed
                                      Based –CC          (SO)/
Sumit Woods Ltd                       LT BkFac-Dropline  CARE BB        450     Reaffirmed
                                      overdraft facility
Sun Shine Rice Unit                   LT Bk Fac          CARE B         162.5   -
 
Surabhi Agrico Pvt Ltd                LT Bk Fac          CARE B-        100     Revised from
                                                                                CARE B
 
Surajltd                              LT/ ST Bk Fac      CARE BB+/A4+   940.5   Reaffirmed
Surana Developers (Wadala) Llp        LT Bk Fac (TL)*    CARE BB(SO)    4100    Revised from
                                                                                CARE BBB-
*backed by credit enhancement in form of unconditional and irrevocable corporate guarantee from
Omkar Realtors & Developers Private Limited (ORDPL, rated CA
Survi Projects Pvt Ltd                LT Bk Fac          CARE BBB-      20      Reaffirmed
Survi Projects Pvt Ltd                LT/ ST Bk Fac      CARE BBB-/A3   220     Reaffirmed
Susheela Texfab Pvt Ltd               LT Bk Fac          CARE BB-       169.6   Reaffirmed
Tarang Jewels Pvt Ltd                 LT Bk Fac          CARE B         75      Reaffirmed
The Bombay Burmah Trading Corporation LT fund based Bk   CARE AA        130     Reaffirmed
Ltd                                   limits
The Punjab State Co-Operative Supply  LT Bk Fac          CARE BB+       7500    Revised from
And Marketing Federation Ltd (Markfed)                                          CARE BB
The Ruby Mills Ltd                    LT Bk Fac          CARE BB-       710     Reaffirmed
Therelek Engineers Pvt Ltd            LT Bk Fac          CARE BB        265.1   Reaffirmed
Thermotech Engineering (Pune) Pvt Ltd LT Bk Fac          CARE BBB       50      -
 
Thermotech Engineering (Pune) Pvt Ltd Long/ST Bk Fac     CARE BBB/A3+   50      -
 
Trans Metalite India Ltd              LT BkFac           CARE B-        110.9   Revised from
                                                                                CARE B
 
Transstadia Technologies Pvt.         LT BkFac           CARE BB-       22.5    Reaffirmed
Trilok Security Systems India Pvt Ltd LT Bk Fac          CARE BB        86.3    Reaffirmed
(Reduced from 8.71 Crore)
Trn Energy Pvt Ltd                    LT Bk Fac (Senior  CARE BBB+ (SO) 29049.1 Reaffirmed
                                      Debt)
(enhanced from 2,607.38 Crore)
Trn Energy Pvt Ltd                    LT Bk Fac          CARE BBB+ (SO) 2108.8  Reaffirmed
                                      (Subordinate Debt)
(reduced from 372.60 Crore)
Trn Energy Pvt Ltd                    Long/ ST Bk Fac    CARE BBB+ (SO) 2250    Reaffirmed
                                      (Non-Fund based)
(enhanced from 185.00 Crore)
Trn Energy Pvt Ltd                    Long/ ST Bk Fac    CARE BBB+ (SO) 2050    Reaffirmed
                                      (Fund/NonFund
                                      based)
(reduced from 245.00 Crore)
Tulip Infratech Pvt Ltd               LT Bk Fac          CARE BBB       1600    Reaffirmed
Uma Glass Works                       LT Bk Fac          CARE B         92      -
 
Underwater Services Company Ltd       LT Bk Fac          CARE A-        490     -
 
Uttar Haryana Bijli Vitran Nigam Ltd  Issuer Rating      CARE BB+       -       Revised from
                                                                                CARE BB
Vaibhavlaxmi Clean Energy Llp         LT Bk Fac          CARE B         420.7   Revised from
                                                                                CARE B+
 
Vaishno Devi Food Products Pvt Ltd    LT Bk Fac          CARE BB+       472.8   Reaffirmed
Vgs Realty Construction Pvt Ltd       LT Bk Fac (TL)*    CARE BB(SO)    250     Revised from
                                                                                CARE BBB-
*backed by credit enhancement in form of unconditional and irrevocable corporate guarantee from
Omkar Realtors & Developers Private Limited (ORDPL, rated CA
Vidarbha Institute Of Medical SciencesLT Bk Fac          CARE B+        217     Reaffirmed
Pvt Ltd
(Enhanced from Rs.12.00 crore Crore)
Vikran Engineering And Exim Pvt Ltd   LT Bk Fac          CARE BBB       200     Revised from
                                                                                CARE BBB-
(enhanced from Rs.10 crore Crore)
Vikran Engineering And Exim Pvt Ltd   LT/ ST Bk Fac      CARE BBB;      700     Revised from
                                                         Stable/CARE A3         CARE BBB- /
                                                         [Triple B; Outlook: StaCARE A3
(enhanced from Rs.30 crore Crore)
Viraj Profiles Ltd                    LT BkFac           CARE BBB+      6738.4  Reaffirmed at
                                                                                CARE BBB+
(reduced from 787.63 Crore)
Vriddhi Infratech- Blacklead          LT Bk Fac          CARE B         150     Reaffirmed
Infratech-(Jv)
Warora Kurnool Transmission Ltd       Bk Fac-FB - LTTL   CARE BBB-      27900   Reaffirmed
Warora Kurnool Transmission Ltd       LT Bk Fac - LT-    CARE BBB-      1050    Reaffirmed
                                      Performance BG
Western Transformers & Equipments Pvt LT Bk Fac          CARE B+        30      -
Ltd
 
Western Transformers & Equipments Pvt LT/ST Bk Fac       CARE B+/A4     50      -
Ltd
 
Wpil Ltd                              Issuer Rating      -              -       Withdrawn
Wpil Ltd                              LT Bk Fac          CARE A         532.5   Reaffirmed
Wpil Ltd                              Long/ST BkFac      CARE A / A1    2657.9  Reaffirmed
Wrinkle Distributors Pvt Ltd          LT Bk Fac          CARE BBB-      100     Reaffirmed
Zenith Metaplast Pvt Ltd              LT BkFac           CARE BB-       455.5   -
 
--------------------------------------------------------------------------------------------
$: 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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