August 24, 2017 / 3:53 AM / a month ago

CARE ratings for Indian debt instruments-Aug 24

    Aug 24 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 23, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Alfa Vitrified Pvt Ltd                ST Bk Fac          CARE A4+       35      Assigned
Asaco Pvt Ltd                         ST Bk Fac          CARE A3        200     Reaffirmed
Hindalco Industries Ltd               Proposed CP (CP)   CARE A1+       14000   Assigned
                                      issue (Standalone)

Makcur Laboratories Ltd               ST Bk Fac          CARE A4        32.5    Assigned
Nrv Yarns Pvt Ltd                     ST Bk Fac          CARE A4        17      Assigned
Royal Diam                            ST Bk Fac          CARE A3        735     Reaffirmed
enhanced from 65 CR
The Great Eastern Shipping Co. Ltd    ST Bk Fac          CARE A1+       2040    Reaffirmed
Varidhi Cotspin Pvt Ltd               ST Bk Fac          CARE A4        10      Assigned

LONG TERM RATINGS:
-------------------
Agroh Kodinar Veraval Highways Pvt LtdLT Bk Fac – Fund   CARE BBB (SO)  1200    Assigned
                                      based                                     (provisional)
Agroh Kodinar Veraval Highways Pvt LtdLT Bk Fac – Non    CARE BBB (SO)  50      Assigned
                                      Fund based                                (provisional)
Alfa Vitrified Pvt Ltd                LT Bk Fac          CARE BB-       166.3   Assigned
Asaco Pvt Ltd                         LT Bk Fac          CARE BBB-      91.4    Reaffirmed
Enhanced from 4.50 CR
Basaragi Km Solar Power Project Llp   LT Bk Fac          CARE B         139.5   Assigned
Choudhary And Company                 LT Bk Fac          CARE BB        9.5     Reaffirmed
Choudhary And Company                 Bk Fac             CARE BB /A4    42      Reaffirmed
Ganco Energy India Pvt Ltd            LT Bk Fac          CARE BB-       100     Assigned
Madamageri Solar Power Project Llp    LT Bk Fac          CARE B         139     Assigned
Makcur Laboratories Ltd               LT Bk Fac          CARE BB        31.5    Assigned
Makcur Laboratories Ltd               Bk Fac             CARE BB /A4    70      Assigned
Nrv Yarns Pvt Ltd                     LT Bk Fac          CARE BB-       347     Assigned
Shivapur Solar Power Project Llp      LT Bk Fac          CARE B         139     Assigned
Sri Ananda Subbaraya Wire Products PvtLT Bk Fac          CARE BB        120     Revised from
Ltd                                                                             CARE BB-
Sri Shyam Fashion Textiles Pvt Ltd    LT Bk Fac          CARE BB+       200     Reaffirmed
The Great Eastern Shipping Co. Ltd    NCD                CARE AAA       36350   Reaffirmed
The Great Eastern Shipping Co. Ltd    Bk Fac             CARE AAA /A1+  500     Reaffirmed
Varidhi Cotspin Pvt Ltd               LT Bk Fac          CARE BB        290     Assigned
Venus India Asset-Finance Pvt Ltd     LT Bk Fac          CARE BBB       500     Assigned
Vijayalakshmi Agro Food Industries    LT Bk Fac          CARE B+        80      Assigned

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