August 22, 2017 / 4:52 AM / 3 months ago

CARE ratings for Indian debt instruments-Aug 22

    Aug 22 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 21, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A.K. Capital Finance Pvt Ltd          CP                 CARE A1+       3500    Reaffirmed
(enhanced from 200 CR)
India Steel Continental Pvt Ltd       ST Bk Fac          CARE A4        55      -
(ISSUER NOT COOPERATING)

Indo Count Industries Ltd             ST Bk Fac          CARE A1+       7550    Reaffirmed
(enhanced from 615.00 CR)
Kg Fabriks Ltd                        ST Bk Fac          CARE A4        111.2   Assigned
Marigold Paints Pvt Ltd               ST Bk Fac          CARE A4        10      Assigned
Nishapati Cold Storage Pvt. Ltd.      ST Bk Fac          CARE A4        1.6     Revised from
                                                                                CARE A4
Smart Card It Solutions Ltd           ST Bk Fac          CARE A3        75      Assigned
                                      (Non-fund based)
Spacetech Equipment And Structurals   ST Bk Fac          CARE A4        70      Assigned
Pvt Ltd.

LONG TERM RATINGS:
-------------------
Aakaf Steel Pvt Ltd                   LT/ST Bk Fac       CARE B+ /      180     Reaffirmed
                                                         CARE A4
Arohan Financial Services Pvt Ltd     LT Bk Fac          CARE A-        9210.7  Reaffirmed
(enhanced from Rs.592.11 crore)
Clan Vitrified Pvt Ltd                LT Bk Fac          CARE BB-       345     Assigned
Clan Vitrified Pvt Ltd                LT/ST Bk Fac       CARE BB- /     52      Assigned
                                                         CARE A4
Dar Credit & Capital Ltd.             LT Bk Fac          CARE BB+       750     Reaffirmed
(enhanced from 31 CR)
Deligentia Energy & Infrastructure PvtLT Bk Fac          -              -       Withdrawn
Ltd
Grainspan Nutrients Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Hareon Dalmia Solar Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Hilltop Concrete Pvt Ltd              LT Bk Fac          CARE D         170     Revised from
                                                                                CARE B
India Steel Continental Pvt Ltd       LT Bk Fac          CARE B+        302.1   -
(ISSUER NOT COOPERATING)
Indo Count Industries Ltd             LT Bk Fac          CARE AA        3220.1  Revised from
                                                                                CARE AA-
(enhanced from 311.04 CR)
Kg Fabriks Ltd                        LT Bk Fac          CARE BB-       573     Reaffirmed
(enhanced from 13.33 CR) (ISSUER NOT COOPERATING)
Kisanmitra Cold Storage Pvt Ltd       LT Bk Fac          CARE B         190     Assigned
Marigold Paints Pvt Ltd               LT Bk Fac          CARE BB-       70      Assigned
N Kumar And Company                   LT Bk Fac          CARE BB-       55      Assigned
Nishapati Cold Storage Pvt. Ltd.      LT Bk Fac          CARE BB-       89.8    Revised from
                                                                                CARE BB-
(Reduced from 9.55 CR) (ISSUER NOT COOPERATING)
Precious Energy Services Ltd          LT Bk Fac          -              -       Withdrawn
Qrg Enterprises Ltd                   LT Bk Fac          CARE AA        1000    Assigned
                                      (Proposed TL)
Qrg Enterprises Ltd                   LT Bk Fac          CARE AA        80      Reaffirmed
                                      (Proposed Non-Fund
                                      Based)
Radheshyam Developers                 LT Bk Fac          -              -       Withdrawn
Sapphire Industrial Infrastructures   LT Bk Fac          -              -       Withdrawn
Pvt Ltd
Smart Card It Solutions Ltd           Long- term Bk Fac  CARE BBB-      334.5   Assigned
                                      (FB)
Smart Card It Solutions Ltd           Proposed LT Bk Fac CARE BBB-      745.3   Assigned
                                      (Fund –based)
Solitaire Industrial Infrastructure   LT Bk Fac          -              -       Withdrawn
Pvt Ltd
Spacetech Equipment And Structurals   LT Bk Fac          CARE B         17.5    Assigned
Pvt Ltd
Sps Educational Trust                 LT Bk Fac          CARE D         252.5   Revised from
                                                                                CARE B+
(ISSUER NOT COOPERATING)
--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below