December 19, 2018 / 9:53 AM / 5 months ago

CARE ratings for Indian debt instruments-Dec 19

   Dec 19 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 18, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Capital First Home Finance Ltd        CP                 CARE A1+       10000   Reaffirmed
Expanded Polymer Systems Pvt Ltd      ST Bk Fac          CARE A3        650     Reaffirmed
Farista Vanijya Pvt. Ltd.             ST Bk Fac          CARE A4        4
(Issuer Not Cooperating)
Lords Infracon Pvt Ltd                ST BkFac           CARE A4        90      Reaffirmed
(Enhanced from 6.00 Crores)
Lsr Fab Pvt Ltd                       ST Bk Fac          CARE A3        3.5     Reaffirmed
(reduced from 0.54 Crores)
Lux Industries Ltd                    ST Bk Fac          -              -       Withdrawn
M K Shipping And Allied Industries PvtST Bk Fac          CARE A3        700     Reaffirmed
Ltd
Mahavir Inductomelt Pvt Ltd           ST Bk Fac          CARE A3        1250    Reaffirmed
Mandeep Industries                    ST Bk Fac          CARE A4        30      Assigned
Nemi Chem                             ST Fac             CARE A4        120     Reaffirmed
Origo Commodities India Pvt Ltd       ST Bk Fac          CARE A3        50      Assigned
P A Footwear Pvt Ltd                  ST Bk Fac          CARE A2        255     Reaffirmed
(reduced from 30 Crores)
Patna Offset Press                    ST BkFac           CARE A4+       30      Revised from
                                                                                CARE A4
Puneet Industries Pvt Ltd             ST Bk Fac          CARE A3        1000    Reaffirmed
Pushpdeep Infrastructure Pvt Ltd.     ST Bk Fac          CARE A3        500     Reaffirmed
Trimurty Spinning Mills Pvt Ltd       ST Bk Fac          CARE A4        32.5    Reaffirmed
(enhanced from Rs.1.25 Crores)

LONG TERM RATINGS:
-------------------
Abu Estate Pvt Ltd                    Long -term Bk Fac  CARE B         133
(Issuer Not Cooperating)
Anupama Steel Ltd                     LT/ STFac          CARE BBB-      375     Reaffirmed
                                                         /CARE A3
Asha Entrade Pvt Ltd                  LT Bk Fac          CARE BB-       58.6    Assigned
Capital First Home Finance Ltd        LT Bk Fac          CARE AA+       16110.1 Reaffirmed
Revised from credit watch with positive implications
Capital First Home Finance Ltd        LT NCD             CARE AA+       5000    Reaffirmed
Revised from credit watch with positive implications
Capital First Home Finance Ltd        Subordinated debt  CARE AA+       1000    Reaffirmed
Revised from credit watch with positive implications
Chatterjee Cleaning Arts Services Pvt LT BkFac           CARE BB-       94      Revised from
Ltd                                                                             CARE B+
(Issuer Not Cooperating)
Chowdary Spinners Ltd                 LT Bk Fac          CARE BB-       539.6   Reaffirmed
(Issuer Not Cooperating)
Coral Associates                      LT/ST Bk Fac       CARE BB+/CARE  95
                                                         A4
(Issuer Not Cooperating)
Expanded Polymer Systems Pvt Ltd      LT Bk Fac          CARE BBB-      355     Reaffirmed
Farista Vanijya Pvt. Ltd.             LT Bk Fac          CARE B         69
(Issuer Not Cooperating)
Ganapati Builders Ltd                 LT BkFac           CARE B         80      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Geosys India Infrastructures Pvt Ltd  LT BkFac           CARE B+        50      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Gujarat Jhm Hotels Ltd                LT Bk Fac          CARE BBB+      867.5   Reaffirmed
(reduced from Rs.89.22 Crores Crores)
Gupta Overseas Pvt Ltd                LT Bk Fac          CARE B+        81.7    Revised from
                                                                                CARE B
India Exposition Mart Ltd             LT Bk Fac          CARE BBB+      225.5   Reaffirmed
(Reduced from 32.52 Crores)
Kailash Hillways Engineering AssociateLT Bk Fac          CARE BB-       32.2    Revised from
                                                                                CARE B+
Kailash Hillways Engineering AssociateLT / ST Bk Fac     CARE BB- /CARE 35      Revised from
                                                         A4                     CARE B+ /
                                                                                CARE A4
Kalyanram Rice Industries             LT Bk Fac          CARE BB        75      Revised from
                                                                                CARE BB-
Krishna Yogashram Trust               LT BkFac           CARE BB        190     Assigned
Lords Infracon Pvt Ltd                LT Bk Fac          CARE BB-       60      Revised from
                                                                                CARE B+
(Enhanced from 1.00 Crores)
Lsr Fab Pvt Ltd                       LT Bk Fac          CARE BBB-      132.8   Reaffirmed
(reduced from 17.41 Crores)
Lsr Fab Pvt Ltd                       LT/ ST Bk Fac      CARE BBB-      150     Reaffirmed
                                                         /CARE A3
Lux Industries Ltd                    LT Bk Fac          -              -       Withdrawn
M K Shipping And Allied Industries PvtLT Bk Fac          CARE BBB-      70      Reaffirmed
Ltd
Mahavir Inductomelt Pvt Ltd           LT Bk Fac          CARE BBB-      120     Reaffirmed
Managing Committee Of Institute Of    LT Bk Fac          CARE B         60
Management And Information Science
(Issuer Not Cooperating)
Mandeep Industries                    LT Bk Fac          CARE B+        450.3   Assigned
Mrt Signals Ltd                       LT BkFac           CARE A-        140     Reaffirmed
(enhanced from 3.00 Crores)
Mrt Signals Ltd                       Long/ST BkFac      CARE A- /CARE  780     Reaffirmed
                                                         A2
(enhanced from 46.00 Crores)
Nac Jewellers Pvt Ltd                 LT Bk Fac          CARE BBB-      2150    Assigned
Nac Jewellers Pvt Ltd                 LT/ ST BkFac       CARE BBB-/CARE 350     Assigned
                                                         A3
Nagpur Municipal Corporation          Proposed Bk Fac    CARE A-        2000    Assigned
                                      (TL)
Nemi Chem                             LT Bk Fac          CARE BB-       30      Reaffirmed
Orient Ispat Pvt Ltd                  LT Bk Fac          CARE BBB       240     Reaffirmed
(enhanced from 15.00 Crores Crores)
Origo Commodities India Pvt Ltd       LT Bk Fac          CARE BBB       950     Assigned
P A Footwear Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
P A Footwear Pvt Ltd                  LT/ST Bk Fac       CARE BBB+      220     Reaffirmed
                                                         /CARE A2
Patna Offset Press                    LT BkFac           CARE BB+       18.9    Revised from
                                                                                CARE BB-
(reduced from 1.99 Crores)
Popawala Chemicals Pvt Ltd            LT / ST Bk Fac     CARE BB /CARE  187.5   Reaffirmed
                                                         A4
Premium Harvest Ltd                   LT Bk Fac          CARE BB        192.5   Reaffirmed
Prudhvi Infra Projects Pvt Ltd        LT Bk Fac          CARE BB-       225
(Issuer Not Cooperating)
Puneet Industries Pvt Ltd             LT Bk Fac          CARE BBB-      110     Reaffirmed
Pushpdeep Infrastructure Pvt Ltd.     LT Bk Fac          CARE BBB-      100     Reaffirmed
R. K. Industries                      LT Bk Fac          -              -       Withdrawn
Raheja Icon Entertainment Pvt Ltd     NCD issue          CARE B (SO)    680     CARE has
                                                                                sought
                                                                                confirmation
CARE has sought confirmation from the investor and debenture trustee on repayment and invocation
of Corporate Guarantee but no confirmation on the same has been received till date.
Ratna Home Products Pvt Ltd           LT Bk Fac          CARE BB-       60      Assigned
Riddhi Siddhi Associates              LT Bk Fac          CARE BB+       582.2
(Issuer Not Cooperating)
Riddhi Siddhi Associates              LT/ST Bk Fac       CARE BB+ /CARE 600
                                                         A4
(Issuer Not Cooperating)
Sai Fertility Centre And Hospital     LT Bk Fac          CARE B+        140     Assigned
Sembcorp Energy India Ltd             LT Bk Fac          CARE AA-       83848.9
Removed from credit watch; Rating revised from CARE A
(reduced from 9055.08 Crores)
Shakti Fastners                       LT Bk Fac          CARE BB-       57      Assigned
Sharma Brothers                       LT Bk Fac          -              -       Withdrawn
Shillong Municipal Board              Issuer Rating      CARE D (Is)    -       Assigned
Sologres Granito Pvt Ltd              LT Bk Fac          CARE BB+       262.8   Reaffirmed
(reduced from Rs.26.78 Crores Crores)
Sologres Granito Pvt Ltd              Long/ ST BkFac     CARE BB+ /CARE 32.5    Reaffirmed
                                                         A4+
Sree Rama Poultry Feeds               LT Bk Fac          CARE BB-       50      Assigned
Subhlakshmi Finance Pvt Ltd           LT Bk Fac          CARE BB+       500     Assigned
Tafa Agri Industries                  LT Bk Fac          CARE B+        89      Assigned
Tafa Agri Industries                  LT/ ST BkFac       CARE B+ /CARE  1       Assigned
                                                         A4
The X'Ss Beverage Company             LT Bk Fac          CARE B+        104.9   Assigned
Trimurty Spinning Mills Pvt Ltd       LT Bk Fac          CARE B         191.6   Reaffirmed
(enhanced from Rs.16.02 Crores Crores)
Vgs Realty Constructions Pvt Ltd      LT Bk Fac          -              -       Withdrawn
--------------------------------------------------------------------------------------------
$: 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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