August 28, 2017 / 4:29 AM / a month ago

CARE ratings for Indian debt instruments-Aug 28

    Aug 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 24, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Hinduja Housing Finance Ltd           Proposed CP (CP)   CARE A1+       1500    Assigned
                                      issue
Shreyans Industries Ltd               ST Bk Fac          CARE A2        400     Revised from
                                                                                CARE A3+

United Machinery & Appliances         ST Bk Fac          CARE A4        20      Reaffirmed

LONG TERM RATINGS:
-------------------
Ahuja And Anand Buildwell Pvt Ltd     LT Bk Fac          CARE D         124.8   Assigned
Appu Hotels Ltd                       LT Bk Fac          CARE D         2116.4  Revised from
                                                                                CARE B+
Appu Hotels Ltd                       LT/ Shortterm Bk   CARE D         90      Revised from
                                      Fac                                       CARE B+ /
                                                                                CARE A4
Appu Hotels Ltd                       NCD issue          CARE D         42.15   Reaffirmed
Bhavna Gems                           LT Bk Fac          CARE B         20      Revised from
                                                                                CARE BB
Issuer not cooperating
Bhavna Gems                           Long/ST Bk Fac     CARE B /CARE A480      Revised from
                                                                                CARE BB /
                                                                                CARE A4
Issuer not cooperating
Ishwar Ginning Pvt Ltd                LT Bk Fac          CARE D         120     Revised from
                                                                                CARE B+
Krushiraj Sugar Ltd                   LT Bk Fac          CARE B+        147.9   Revised from
                                                                                CARE B
Issuer not cooperating
Majisa Silk Mills                     LT Bk Fac          -              -       Withdrawn
Meenamani Ganga Builders Llp          LT Bk Fac          -              -       Withdrawn
Mohammed Khan Jewellers Pvt Ltd       LT Bk Fac          CARE BB        178     Reaffirmed
Orange Jaisalmer Wind Energy Pvt Ltd  LT Bk Fac          CARE A-        1360.4  Reaffirmed
Premium Lifestyle & Fashions Pvt Ltd  LT Bk Fac          CARE BB+       260     Revised from
                                                                                CARE BB
(enhanced from 12.50crs)
Puranchand & Sons Trading Llp         LT Bk Fac          -              -       Withdrawn
Raipur Speciality Steels Pvt Ltd      LT Bk Fac          CARE B+        54.6    Assigned
Reliance Utilities And Power Pvt Ltd  NCDs               CARE AAA       22500   Assigned
Renew Wind Energy Delhi Pvt Ltd       NCDs               CARE A+ (SO)   1400    Assigned
Shiv Shakti Industries (Mehsana)      LT Bk Fac          CARE BB-       222.5   Reaffirmed
(Enhanced form Rs.15.00 crore)
Shree Majisa Texofin                  LT Bk Fac          -              -       Withdrawn
Shreyans Industries Ltd               LT Bk Fac          CARE BBB+      513.4   Revised from
                                                                                CARE BBB
Shri Arunachaleswarar Tex             LT Bk Fac          CARE BB-       107     Assigned
Soma Isolux Kishangarh - Beawar TollwaLT Bk Fac          CARE D         12169.6 Revised from
P Ltd                                                                           CARE BB-
Tachyon Trust 2016 (Originator: Light Series A PTCs      -              -       Withdrawn
Microfinance Pvt Ltd)

United Machinery & Appliances         LT Bk Fac          CARE B+        30      Reaffirmed
Uttrayan Financial Services Pvt Ltd   LT Bk Fac          CARE BB+       1102.1  Reaffirmed
(enhanced from Rs.67.80 crore)
Win Star Industries Pvt Ltd           LT Bk Fac          CARE BB+       125     Reaffirmed
Wonder Cement Ltd                     LT Bk Fac          CARE AA-       15639.4 Revised from
                                                                                CARE A
Wonder Cement Ltd                     LT/ST Bk Fac       CARE AA- /CARE 1500    Revised from
                                                         A1+                    CARE A/CARE
                                                                                A1+
--------------------------------------------------------------------------------------------
$: 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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