August 27, 2018 / 7:04 AM / in 2 months

CARE ratings for Indian debt instruments-Aug 27

    Aug 27 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 24, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bkm Industries Ltd                    ST Bk Fac          CARE A3+       285     Revised from
                                                                                CARE A2
Captain Polyplast Ltd                 ST Bk Fac          CARE A3        465     Reaffirmed
Centrum Financial Services Ltd        CP                 CARE A2+       1500    Assigned
Century Flour Mills Ltd               ST Bk Fac          CARE A2+       70      Reaffirmed
Essel Propack Ltd                     ST Bk Fac          CARE A1+       600     Reaffirmed
Fab Tool Industries                   ST Bk Fac          CARE A4        8       Reaffirmed
Garden City Fashions Pvt Ltd          ST Bk Fac          CARE A4        677.8   Reaffirmed
Golite Footwear                       ST Bk Fac          CARE A4        10      Assigned
Goverdhan Transformer Udyog Pvt Ltd   ST Bk Fac          CARE A4        10      Assigned
Greeneries Agro Pvt Ltd               ST Bk Fac          CARE A4        25      Assigned
J.J. Glastronics Pvt Ltd              ST Bk Fac          CARE A4+       300     Reaffirmed
Kothari Products Ltd                  ST Bk Fac          CARE A3        14955   Revised from
                                                                                CARE A2
Kpl Exports Pvt Ltd                   ST Bk Fac          CARE A3        3150    Revised from
                                                                                CARE A2
Kpl Exports Pvt Ltd                   ST Bk Fac          Provisional    1850    Revised from
                                      (Proposed)         CARE A3                Provisional
                                                                                CARE A2
Oasis Tradelink Ltd                   ST Bk Fac          CARE A4        150     Revised from
                                                                                CARE A3
Parsewar Seeds And Fertilizers        ST Bk Fac          CARE A4        6       Reaffirmed
Pristine Mega Logistics Park Pvt Ltd. ST Bk FacLC/BG     CARE A3+       50      Reaffirmed
Rubamin Ltd                           ST Bk Fac          CARE A1        404.7   Reaffirmed
Sai Babuji Projects Pvt Ltd           ST Bk Fac          CARE A4        56      Assigned
S.R. Precision Components Pvt Ltd     ST Bk Fac          -              -       Withdrawn
Smvd Poly Pack Ltd                    ST Bk Fac          CARE A4+       3.7     Assigned
Tata Services Ltd                     ST Bk Fac          CARE A1+       80      Reaffirmed
Topsia Estate Pvt Ltd                 ST Bk Fac          CARE A4        70      Assigned
Vaibhav Global Ltd                    ST Bk Fac          CARE A2+       110     Reaffirmed
Vasishta Projects                     ST Bk Fac          CARE A4        380     Assigned
Varron Aluminium Pvt Ltd              ST Bk Fac          CARE D         550     -
(Issuer not cooperating; based on best available information)
Varron Industries Pvt Ltd             ST Bk Fac          CARE D         1428    -
(Issuer not cooperating; based on best available information)
Viacom18 Media Pvt Ltd                CP (CP) issue      CARE A1+       2500    Reaffirmed
                                      (Standalone)
Viacom18 Media Pvt Ltd                CP (CP) issue*     CARE A1+       2500    Reaffirmed
*carved out of the sanctioned working capital limits of the company.
Zen Technologies Ltd                  ST Bk Fac          CARE A3        100     Revised from
                                                                                CARE A3+


MEDIUM TERM RATINGS:
-------------------
Galada Finance Ltd                    Fixed Deposits     CARE BB- (FD)  8       Revised from
                                                                                CARE BB (FD)
(Issuer Not Cooperating)



LONG TERM RATINGS:
-------------------
Atria Wind Power (Savarakundla) Pvt LtLT Bk Fac          CARE BBB-      1650.8  Revised from
                                                                                CARE BBB-
Bajrang Agro Industires               LT Bk Fac          CARE B+        65.9    Assigned
Bidar Solar Power Pvt Ltd             LT Bk Fac          CARE D         760     Reaffirmed
Bkm Industries Ltd                    LT Bk Fac          CARE BBB       800     Revised from
                                                                                CARE BBB+
Captain Polyplast Ltd                 LT Bk Fac          CARE BBB-      215.4   Revised from
                                                                                CARE BBB-
Century Flour Mills Ltd               LT Bk Fac          CARE A-        250     Reaffirmed
Cleantech Solar Energy (India) Pvt LtdLT Bk Fac          CARE BBB-      700     Reaffirmed
Eleanor Realty Holdings India Pvt. LtdNCDs               CARE B+        1615    Revised from
                                                                                CARE B
Eleanor Realty Holdings India Pvt. LtdLT Bk Fac          CARE BBB       1700    Revised from
                                                                                CARE BBB-
Elite Motors Pvt Ltd                  LT Bk Fac          CARE B         73.9    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Essel Propack Ltd                     NCD (NCD)          -              -       Withdrawn *
*the entire outstanding has been redeemed
Essel Propack Ltd                     LT Bk Fac          CARE AA        2900    Reaffirmed
Essel Propack Ltd                     NCD (NCD)          CARE AA        500     Reaffirmed
Essel Propack Ltd                     Long/ST Bk Fac     CARE AA/A1+    1250    Reaffirmed
Fab Tool Industries                   LT Bk Fac          CARE BB-       58.7    Reaffirmed
Gokul Ginning Factory                 LT Bk Fac          CARE B+        65.9    Reaffirmed
Golite Footwear                       LT Bk Fac          CARE B+        55      Assigned
Goverdhan Transformer Udyog Pvt Ltd   LT Bk Fac          CARE B+        45      Assigned
Greeneries Agro Pvt Ltd               LT Bk Fac          CARE B+        100     Assigned
J.J. Glastronics Pvt Ltd              LT Bk Fac          CARE BB+       121.3   Revised from
                                                                                CARE BB
Jm Financial Capital Ltd              CP Issue (IPO      -              -       Withdrawn
                                      Financing)
Jm Financial Products Ltd             CP Issue (IPO      -              -       Withdrawn
                                      Financing)
Jm Financial Properties And Holdings LCP Issue (IPO      -              -       Withdrawn
                                      Financing)
Kothari Products Ltd                  LT Bk Fac          CARE BBB-      45      Revised from
                                                                                CARE BBB+
Modern Machinery Store                LT Bk Fac          CARE D         93      Revised from
                                                                                CARE B
(ISSUER NOT COOPERATING)
Modern Machinery Store                LT/ST Bk Fac       CARE D/D       3       Revised from
                                                                                CARE B/A4
(ISSUER NOT COOPERATING)
Oasis Tradelink Ltd                   LT Bk Fac          CARE BB        150     Revised from
                                                                                CARE BBB-
Parsewar Seeds And Fertilizers        LT Bk Fac          CARE BB-       80      Reaffirmed
Pristine Mega Logistics Park Pvt Ltd. LT Bk FacCC        CARE BBB       150     Reaffirmed
Pristine Mega Logistics Park Pvt Ltd. LT Bk FacTL        CARE BBB       180     Assigned
Rubamin Ltd                           LT Bk Fac          CARE A+        2666.4  Revised from
                                                                                CARE A
S.M.I.L.E. Microfinance Ltd           LT Bk Fac          CARE BBB       2500    Assigned
S.R. Precision Components Pvt Ltd     LT Bk Fac          -              -       Withdrawn
Sai Babuji Projects Pvt Ltd           LT Bk Fac          CARE B+        84      Assigned
Satguru Agro Industries Ltd           LT Bk Fac          CARE B-        205     Revised from
                                                                                CARE B
(Issuer not cooperating; based on best available information)
Smvd Poly Pack Ltd                    LT Bk Fac          CARE BB+       319.4   Assigned
Tamilnadu Petroproducts Ltd           LT Bk Fac          CARE BBB+      600     Revised from
                                                                                CARE BBB
Tamilnadu Petroproducts Ltd           Long/ ST Bk Fac    CARE BBB+/A3+  630     Revised from
                                                                                CARE BBB/A3
Topsia Estate Pvt Ltd                 LT Bk Fac          CARE BB        10      Assigned
Vaibhav Global Ltd                    LT / ST Bk Fac     CARE A-/A2+    1330    Reaffirmed
Varron Aluminium Pvt Ltd              LT Bk Fac          CARE D         400     -
(Issuer not cooperating; based on best available information)
Varron Aluminium Pvt Ltd              LT Bk Fac/ST Bk FacCARE D         500     -
(Issuer not cooperating; based on best available information)
Varron Autokast Pvt Ltd               LT Bk Fac          CARE D         1550    -
(Issuer not cooperating; based on best available information)
Varron Autokast Pvt Ltd               LT Bk Fac/ST Bk FacCARE D         3220    -
(Issuer not cooperating; based on best available information)
Varron Industries Pvt Ltd             LT Bk Fac          CARE D         179.4   -
(Issuer not cooperating; based on best available information)
Varron Industries Pvt Ltd             LT Bk Fac/ST Bk FacCARE D         1091    -
(Issuer not cooperating; based on best available information)
Vasishta Projects                     LT Bk Fac          CARE BB        120     Assigned
Zen Technologies Ltd                  LT Bk Fac          CARE BBB-      400     Revised from
                                                                                CARE BBB
(Issuer not cooperating; based on best available information)
Zen Technologies Ltd                  LT/ST Bk Fac       CARE BBB-/A3   570     Revised from
                                                                                CARE BBB/A3+
--------------------------------------------------------------------------------------------
$: 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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