for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CARE ratings for Indian debt instruments-Aug 19

    Aug 19  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of August 18, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A. Krishna Reddy                     ST BkFac          CARE A4;      30     -
(Issuer not cooperating; based on best available information)
Baharampur Mini Rice Mill            ST BkFac          CARE A4;      0.5    -
(Issuer not cooperating; based on best available information)
Emami Ltd                            CP Issue          CARE A1+      5000   Reaffirmed
Magadh Construction Works            ST Bk Fac         CARE A4;      80     -
(Issuer not cooperating; based on best available information)
Mehali Papers Pvt. Ltd.              ST BkFac          CARE A1       75     Revised from
                                                                            CARE A2+
Him Alloys And Steels Pvt Ltd        ST Bk Fac         CARE D;       35     -
(Issuer not cooperating; based on best available information)
Him Steel Pvt Ltd                    ST Bk Fac         CARE D;       50     -
(Issuer not cooperating; based on best available information)
Zen Technologies Ltd                 ST Bk Fac         -             -      Reaffirmed at
                                                                            A3 removed
                                                                            from INC and
                                                                            withdrawn
Shilchar Technologies Ltd            ST BkFac          CARE A4+;     250    Revised from
                                                                            CARE A3
(Issuer not cooperating; on the basis of best available information)
Sri Ram Cables Pvt Ltd               ST BkFac          CARE A4;      350    -
(Issuer not cooperating; based on best available information)

LONG TERM RATINGS:
-------------------
A. Krishna Reddy                     LT BkFac          CARE B-;      30     Revised from
                                                       Stable;              CAREB; Stable
(Issuer not cooperating; on the basis of best available information)
Avinash Transport                    LT Bk Fac         CARE B;       74.5   Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Avinash Transport                    LT Bk Fac         CARE B;       25     Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Baharampur Mini Rice Mill            LT BkFac          CARE B-;      50     Revised from
                                                       Stable;              CARE B Stable
(Issuer not cooperating; on the basis of best available information)
Baharampur Mini Rice Mill            LT BkFac          CARE B-;      3      Revised from
                                                       Stable;              CARE B Stable
(Issuer not cooperating; on the basis of best available information)
Bajaj Agro Industries                LT Bk Fac         CARE D;       65     -
(Issuer not cooperating; based on best available information)
Bajaj Agro Industries                LT Bk Fac         CARE D;       12.1   -
(Issuer not cooperating; based on best available information)
Balaji Cotton Agros                  LT BkFac          CARE B-;      140    Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Dora Trust                           LT BkFac – CC     -             -      Withdrawn
Dora Trust                           LT BkFac – TL     CARE BB;      158.8  Revised from
                                                       Stable               CARE BB;
                                                                            Stable
(Issuer not cooperating)
Him Alloys And Steels Pvt Ltd        LT Bk Fac         CARE D;       561.9  -
(Issuer not cooperating; based on best available information)
Him Steel Pvt Ltd                    LT Bk Fac         CARE D;       500    -
(Issuer not cooperating; based on best available information)
Inkel-Ekk Roads Pvt Ltd              LT Bk Fac         CARE BB-;     1820   Assigned
                                                       Stable
Jalan Transolutions (India) Ltd      LT Bk Fac- CC     CARE D;       400    -
(Issuer not cooperating; based on best available information)
Jalan Transolutions (India) Ltd      LT Bk Fac – TL    CARE D;       135    -
(Issuer not cooperating; based on best available information)
Magadh Construction Works            LT Bk Fac         CARE BB-;     20     Revised from
                                                       Stable;              CARE BB;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Mehali Papers Pvt. Ltd.              LT BkFac          CARE A; Stable1820   Revised from
                                                                            CARE A-;
                                                                            Stable
(reduced from 218.00 Crore)
N. Srikanth Babu                     LT BkFac          CARE B;       110    Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Sanai Enterprise                     LT Bk Fac         CARE B;       80     Revised From
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Shilchar Technologies Ltd            LT / ST Bk Fac    CARE BB+;     50     Revised from
                                                       Stable /CARE         CARE BBB-;
                                                       A4+;                 Stable / CARE A3
(Issuer not cooperating; on the basis of best available information)
Shivram Synthetics Pvt Ltd           LT Bk Fac         CARE B-;      100    Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Siri Ice Links                       LT Bk Fac         CARE BB-;     100    Reaffirmed
                                                       Stable
Sri Ram Cables Pvt Ltd               LT BkFac          CARE BB-;     270    -
                                                       Stable;
(Issuer not cooperating; based on best available information)
Tarachand International Pvt Ltd      LT / Short Bk Fac CARE D;       500    -
(Issuer not cooperating; based on best available information)
V P N Raw And Boiled Rice Mill       LT Bk Fac         CARE B-;      90     Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Velji Ratna Sorathia Infra Pvt Ltd   LT BkFac          CARE BBB;     195    Reaffirmed
                                                       Stable
(Removed from credit watch with negative implications)
Velji Ratna Sorathia Infra Pvt Ltd   LT/Shortterm Bk FaCARE BBB;     1205   Reaffirmed
                                                       Stable/CARE A3
(Removed from credit watch with negative implications)
Vimit Metals And Infrastructure Pvt  LT Bk Fac         CARE B-;      43.9   -
Ltd
(Issuer not cooperating; based on best available information)
Vivriti Huerta 12 2019 (Originator:  Series A PTC#     CARE A (SO)   88.7   Assigned
Samunnati Financial Intermediation 
And Services Pvt Ltd)
#Series A PTCs are rated on Ultimate Payment basis
Y. Achamma                           LT Bk Fac         CARE B-;      50     Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Zen Technologies Ltd                 LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BBB-;
                                                                            Stable removed from
                                                                            INC and withdrawn
Zen Technologies Ltd                 LT/ST Bk Fac      -             -      Reaffirmed at
                                                                            CARE BBB-;
                                                                            Stable removed from
                                                                            INC and withdrawn
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CARE may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@refinitiv.com)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up