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CARE ratings for Indian debt instruments-Aug 31
August 31, 2017 / 4:55 AM / 3 months ago

CARE ratings for Indian debt instruments-Aug 31

   Aug 31 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of August 30, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Birla Corporation Ltd                 ST Bk Fac          CARE A1+       8380    Reaffirmed
D.M.P Nirman Pvt Ltd                  ST Bk Fac          CARE A4+       40      Assigned
Krishna Ceracoats Industries          ST Bk Fac          CARE A4        28.7    Assigned
Interjewel Pvt Ltd                    ST Bk Fac          CARE D         16      Revised from
                                                                                CARE A3+
Quick Foods Company                   ST Bk Fac          CARE A4        4.5     Reaffirmed

Radhakishan                           ST Bk Fac          CARE A4+       162.5   Assigned
Reliance Cement Company Pvt Ltd       ST Bk Fac          CARE A1        2000    Revised from
                                                                                CARE A2+
Saptagir Camphor Ltd                  ST Bk Fac          CARE A1        146.6   Reaffirmed
Varidhi Cotspin Pvt Ltd               ST Bk Fac          CARE A4        35      Reaffirmed

LONG TERM RATINGS:
-------------------
Bajaj Agro Industries                 LT Bk Fac          CARE B+        77.1    Assigned
Birla Corporation Ltd                 LT Bk Fac          CARE AA        9500    Reaffirmed
Birla Corporation Ltd                 NCD (Series III)   CARE AA        1500    Reaffirmed
Birla Corporation Ltd                 NCD (Series IV)    CARE AA        1300    Reaffirmed
Birla Corporation Ltd                 NCD (Series V to   CARE AA        4000    Reaffirmed
                                      VII)
Birla Corporation Ltd                 Long/ST Bk Fac     CARE AA/CARE   1100    Reaffirmed
                                                         A1+
Birla Corporation Ltd                 Outstanding NCD                   1200    Withdrawn
                                      (Series I)
D.M.P Nirman Pvt Ltd                  LT Bk Fac          CARE BB+       80      Assigned
Dharwad Metallics Pvt Ltd             LT Bk Fac          CARE D         63      Assigned
Dwarka Textile Park                   LT Bk Fac          CARE B         146     Assigned
Interjewel Pvt Ltd                    LT Bk Fac          CARE D         2100    Revised from
                                                                                CARE BBB 
Kaalendi Ventures Llp                 LT Bk Fac          CARE B+        183.5   Reaffirmed
Krishna Ceracoats Industries          LT Bk Fac          CARE BB        53.6    Assigned
Mangalore Sez Ltd                     LT Bk Fac          CARE AA-       7060    Assigned
Quick Foods Company                   LT Bk Fac          CARE BB-       0.5     Reaffirmed
Quick Foods Company                   LT/ST Bk Fac       CARE BB-/CARE  80      Reaffirmed
                                                         A4
Quick Projects Pvt Ltd                LT Bk Fac                                 Withdrawn
Quick Projects Pvt Ltd                LT / ST Bk Fac                            Withdrawn
Radhakishan                           LT Bk Fac          CARE BB+       15      Assigned
Radhakishan                           LT/ST Bk Fac       CARE BB+/CARE  142.5   Assigned
                                                         A4+
Reliance Cement Company Pvt Ltd       LT Bk Fac          CARE A         23413.7 Revised from
                                                                                CARE A-
Reliance Cement Company Pvt Ltd       LT Bk Fac@         CARE AA (SO)   2900    Reaffirmed
@Based on credit enhancement in the form of Unconditional & Irrevocable 
 corporate guarantee from Birla Corporation Limited
S.M. Autoparts Pvt Ltd                LT Bk Fac          CARE BB        100     Assigned
Saptagir Camphor Ltd                  LT Bk Fac          CARE A+        600     Reaffirmed
Shree Krishna Educational Trust       LT Bk Fac          CARE B         150     Assigned
Solitaire Energies Ltd                LT Bk Fac                                 Withdrawn
Sri Srinivasa Agro Rice Industries    LT Bk Fac          CARE B+        120     Assigned
The Adakka Retreat                    Karnataka Tourism  CARE KTP B             Assigned
                                      Proptionally
                                      convertible debentureuct - Homestay
The Divine Resort                     LT Bk Fac                                 Withdrawn
Varidhi Cotspin Pvt Ltd               LT/ ST Bk Fac      CARE BB/CARE A475      Assigned
                                      (Fund Based)
Varidhi Cotspin Pvt Ltd               LT Bk Fac          CARE BB;       485     Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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