August 29, 2018 / 5:03 AM / 2 months ago

CARE ratings for Indian debt instruments-Aug 29

    Aug 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 28, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aarnav Industries Pvt Ltd             ST BkFac           CARE A3+       100     Reaffirmed
Bhel Electrical Machines Ltd          ST Bk Fac          CARE A4+       100     Reaffirmed
Camson Agri-Ventures Pvt Ltd          ST Bk Fac          CARE A4 (SO)   30
(ISSUER NOT COOPERATING)
Gopi Synthetics Pvt Ltd               ST BkFac           CARE A3+       100     Reaffirmed
Indigo Collections Pvt Ltd            ST Bk Fac          CARE D         55      Assigned
Jayanita                              ST Bk Fac          CARE A4        66      Assigned
Mahalaxmi Tmt Pvt Ltd                 ST Bk Fac          CARE D         1658.2
(ISSUER NOT COOPERATING)
Mansa Vincom Pvt Ltd                  ST Bk Fac          CARE A4        10      Assigned
Mapsko Builders Pvt Ltd               ST Bk Fac          CARE A4        400     Assigned
Micron Pharmaceuticals                ST BkFac           CARE A4        65      Reaffirmed
Nandi Pipes Pvt Ltd                   ST Bk Fac          CARE D         10      Reaffirmed
(ISSUER NOT COOPERATING)
Omkara Business Corporation           ST Bk Fac          CARE A4        200     Assigned
Prescient Color Ltd                   ST Bk Fac          -              -       Withdrawn
Rathod Jewellery Manufacturing Pvt LtdST Bk Fac          CARE A4+       270
(ISSUER NOT COOPERATING)
Rayalaseema Steel Re-Rolling Mills PvtST Bk Fac          CARE A4        30      Assigned
Ltd
S. D. Corporation Pvt Ltd             CP^                CARE A1+(SO)   10600   Reaffirmed
^Credit enhancement in the form of unconditional & irrevocable guarantee by Shapoorji Pallonji&
Company Private Limited (SPCPL, rated CARE AA+/Stable; CARE A1+)
S. D. Corporation Pvt Ltd             Proposed CP*       CARE A1+(SO)   500     Assigned
*Credit enhancement in the form of proposed unconditional & irrevocable corporate guarantee by
SPCPL 
Shree Balaji Woollen Mills            ST BkFac           CARE A4        32      Assigned
Suraksha Realty Ltd                   ST NCD issue       CARE A1+(SO)   2000*   Reaffirmed
*backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee
by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor).
Suraksha Realty Ltd                   Proposed ST NCD    CARE A1+(SO)   1000*   Assigned
                                      issue– 1
*backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee
by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor).
Suraksha Realty Ltd                   Proposed ST NCD    ProvCARE       2000**  Reaffirmed
                                      issue– 2           A1+(SO)
**to be backed by credit enhancement in the form of unconditional and irrevocable corporate
guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor).The rating is
provisional (to the extent of Rs 300 crore) and is subject to the necessary documents being
executed and the final rating would be assigned on submission and verification of executed
documents to the satisfaction of CARE.
Suzuki Textiles Ltd                   ST Bk Fac          CARE D         202.3
(ISSUER NOT COOPERATING)
Swastika Electricals & Fertilizers    ST Bk Fac          CARE A4        60
(ISSUER NOT COOPERATING)
Trust Marketing                       ST Bk Fac          -              -       Withdrawn 

LONG TERM RATINGS:
-------------------
Aarnav Industries Pvt Ltd             LT BkFac           CARE BBB       568.8   Revised from
                                                                                CARE BBB
(reduced from Rs. 58.63 crores)
Aarnav Industries Pvt Ltd             LT/ ShortTerm BkFacCARE BBB/CARE  10      Revised from
                                                         A3+                    CARE BBB
                                                                                /CARE A3+
Arunoday Sales                        LT Bk Fac          CARE BB-       130
(ISSUER NOT COOPERATING)
Asian Re-Surfacing Of Road Agency Pvt LT Bk Fac          CARE B         23.9    Assigned
Ltd
Asian Re-Surfacing Of Road Agency Pvt LT / ST Bk Fac     CARE B/A4      62.5    Assigned
Ltd
Atria Wind Power (Bijapur-2) Pvt Ltd  LT BkFac           CARE BBB       1434.4  Revised from
                                                                                CARE BBB-
(reduced from Rs 147.34 Crores)
B. Samyakk Agri Cottons               LT Bk Fac          CARE BB-       100     Revised from
                                                                                CARE B+
Bhel Electrical Machines Ltd          LT Bk Fac          CARE BB+       40      Reaffirmed
Camson Agri-Ventures Pvt Ltd          LT Bk Fac          CARE B (SO)    100
(ISSUER NOT COOPERATING)
Gopi Synthetics Pvt Ltd               LT BkFac           CARE BBB       1104.3  Revised from
                                                                                CARE BBB
(reduced from Rs. 112.39 Crores)
Gopi Synthetics Pvt Ltd               LT/ ShortTerm BkFacCARE BBB/CARE  35      Revised from
                                                         A3+                    CARE BBB/CARE
                                                                                A3+
Hemani Chemi Organics Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Indigo Collections Pvt Ltd            LT Bk Fac          CARE D         45      Assigned
Indratara Agro Industries Pvt Ltd     LT Bk Fac          CARE BB-       146     Assigned
Jayanita                              LT Bk Fac          CARE BB-       49      Assigned
Kisanmitra Cold Storage Pvt Ltd       LT Bk Fac          CARE B+        180     Revised from
                                                                                CARE B
L&T Finance Ltd (Erstwhile Family     CP Issue (IPO      -              -       Withdrawn
Credit Ltd)                           Financing)
L&T Housing Finance Ltd               CP Issue (IPO      -              -       Withdrawn
                                      Financing)
L&T Infrastructure Finance Co. Ltd    CP (IPO Financing) -              -       Withdrawn
Mahalaxmi Tmt Pvt Ltd                 LT Bk Fac          CARE D         6195.6
(ISSUER NOT COOPERATING)
Mahip Industries Ltd (Erstwhile Known LT Bk Fac          CARE BB-       237.2
As Care Corupack Ltd)
(ISSUER NOT COOPERATING)
Mainaam Garden                        LT Bk Fac          CARE BB-       103.8   Assigned
Mansa Vincom Pvt Ltd                  LT Bk Fac          CARE BB-       46.6    Assigned
Mapsko Builders Pvt Ltd               LT Bk Fac          CARE BB        2505.6  Assigned
Maxima Traders Bhopal Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Maxima Traders Bhopal Pvt Ltd         LT/ST Bk Fac       -              -       Withdrawn
Micron Pharmaceuticals                LT BkFac           CARE BB        90      Reaffirmed
Micron Pharmaceuticals                LT/ ShortTerm Bk   CARE BB/A4     92.5    Reaffirmed
                                      Fac
Million Traders Bhopal Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Million Traders Bhopal Pvt Ltd        LT/ST Bk Fac       -              -       Withdrawn
Nandi Pipes Pvt Ltd                   LT Bk Fac          CARE D         84      Reaffirmed
(ISSUER NOT COOPERATING)
Om Aastha Indo Energy Pvt Ltd         LT Bk Fac          CARE D         70      Revised from
                                                                                CARE B+
Omkara Business Corporation           LT Bk Fac          CARE B+        150     Assigned
Parmeshwari Enterprises               LT Bk Fac          CARE BB        55      Re-affirmed
Pooja Exports                         Long/ST Bk Fac     CARE BBB/A3+   5409.6  Revision from
                                                                                CARE BBB
                                                                                (SO)/CARE A3+
                                                                                (SO)
Prescient Color Ltd                   LT Bk Fac          -              -       Withdrawn
Pullani Engineers Pvt Ltd             LT Bk Fac          CARE B+        59.1    Reaffirmed
Rayalaseema Steel Re-Rolling Mills PvtLT Bk Fac          CARE BB-       270     Assigned
Ltd
S. S. Kamath                          LT Bk Fac          CARE B+        67      Assigned
Seven Seas Distillery Pvt Ltd         LT Bk Fac          CARE BB+       500     Reaffirmed
Shambhu Mahadev Sugar And Allied      LT Bk Fac          CARE B+        284.3
Industries Ltd
(ISSUER NOT COOPERATING)
Shree Balaji Woollen Mills            LT BkFac           CARE BB-       37      Assigned
Sidds Jewels India Llp                Long -term Bk Fac  CARE BBB       38.5    Assigned
Sidds Jewels India Llp                Long/ST Bk Fac     CARE BBB/A3+   712.5   Assigned
Sidds Jewels Pvt Ltd                  Long/ST Bk Fac     CARE BBB/A3+   3257.1  Assigned
Soaring Spirits Pvt Ltd               LT Bk Fac          CARE BB        60      Reaffirmed
Suzuki Textiles Ltd                   LT Bk Fac          CARE D         1438.7
(ISSUER NOT COOPERATING)
Swastika Electricals & Fertilizers    LT Bk Fac          CARE BB        25
(ISSUER NOT COOPERATING)
Swastika Electricals & Fertilizers    LT/ST Bk Fac       CARE BB/A4     250
(ISSUER NOT COOPERATING)
Trust Marketing                       LT/ST Bk Fac       -              -       Withdrawn
Vichita Estate And Warehousing Pvt LtdLT Bk Fac          CARE B+        59
(ISSUER NOT COOPERATING)
Vishnu Oil Mill Pvt Ltd               LT Bk Fac          CARE B+        110     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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