December 5, 2017 / 7:05 AM / a year ago

CARE ratings for Indian debt instruments-Dec 5

   Dec 5 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 4, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ajanta Pharma Ltd                     ST Bk Fac (Non     CARE A1+       450     Reaffirmed
                                      Fund Based)
Barmer Lignite Mining Co. Ltd         ST Bk Fac –        CARE A3        250     Reaffirmed
                                      Non-fund based

Brij Raj Holdings                     ST Bk Fac          CARE A4        107.5   Reaffirmed
Gtn Textile Ltd                       ST Bk Fac          CARE A4        797     Reaffirmed
Hindustan Equipments Pvt. Ltd.        ST Bk Fac          CARE A3        50      Assigned
India Circuits Ltd                    ST Bk Fac          CARE A4        90      Reaffirmed
(Enhanced form 7.50 CR)
Jindal Fibres Pvt Ltd                 ST Bk Fac          CARE A4        40      Issuer not
                                                                                cooperating
                                                                                Based on 
                                                                                best 
                                                                                available 
                                                                                information
K.H.T Agencies Pvt Ltd                ST Bk Fac          CARE A4        370     Reaffirmed
Kumar Brothers Chemists Pvt Ltd       ST Bk Fac          CARE A4        2.5     Reaffirmed
M. R. Enterprises_(Jaipur)            ST Bk Fac          CARE A4        100     Reaffirmed
Jai Ganesh Ispat& Ferro Alloys Pvt LtdST Bk Fac                                 Withdrawn
Patspin India Ltd                     ST Bk Fac          CARE A4        1575    Reaffirmed
Peermade Development Society          ST Bk Fac          CARE A4+       60      Reaffirmed
(reduced from 11.70 CR)
Saraf Foods Ltd                       ST Bk Fac          CARE A4+       14.3    Reaffirmed
Sulochana Cotton Spinning Mills Pvt LtST Bk Fac          CARE A3+       230     Revised from
                                                                                CARE A3
Tmf Holdings Ltd                      CP                 CARE A1+       25000   Reaffirmed
Visaka Industries Ltd                 ST Bk Fac          CARE A1+       1150    Reaffirmed
Viraj Enterprises                     ST Bk Fac                                 Withdrawn
Visu Leasing And Finance Pvt Ltd      Proposed CP issue  CARE A1        2500    Assigned
Winsome Textile Industries Ltd        ST Bk Fac          CARE A3        2776    Reaffirmed
Vhv Beverages Pvt Ltd                 ST Bk Fac          -              -       Withdrawn
Yash Papers Ltd                       ST Bk Fac          CARE A3        175     Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Visaka Industries Ltd                 Fixed Deposit      CARE AA- (FD)  250     Revised from
                                      programme                                 CARE A+ (FD)
 
LONG TERM RATINGS:
-------------------
ABT Investments (India) Pvt Ltd       LT NonConvertible  CARE D         1000    Revised from
                                      Debentures                                CARE B
Ajanta Pharma Ltd                     LT Bk Fac (TL)     -              -       Withdrawn
Ajanta Pharma Ltd                     LT/ST Bk Fac (Fund CARE AA / CARE 750     Reaffirmed
                                      Based)             A1+
Andhra Pradesh State Road Transport   LT Bk Fac          CARE BB        20000   Assigned
Corporation
Asthalakshmi Agrotech Pvt Ltd         LT Bk Fac          CARE BB-       230.6   Reaffirmed
(Enhanced form 18.00 CR)
Barmer Lignite Mining Co. Ltd         LT Bk Fac          CARE BBB       16015.8 Reaffirmed
Barmer Lignite Mining Co. Ltd         LT Bk Fac - CC     CARE BBB       750     Reaffirmed
Brij Raj Holdings                     LT Bk Fac          CARE BB-       20      Reaffirmed
Deekay Impex                          LT Bk Fac          CARE BB-       15      Reaffirmed
Deekay Impex                          LT / ST Bk Fac     CARE BB-/CARE  130     Reaffirmed
                                                         A4
Deekay Pine Board Pvt Ltd             LT Bk Fac          CARE BB-       30      Reaffirmed
Deekay Pine Board Pvt Ltd             LT / ST Bk Fac     CARE BB-/CARE  180     Reaffirmed
                                                         A4
Dreamz Overseas Pvt Ltd               LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE B
East Hyderabad Expressway Ltd         LT Bk Fac - TL     CARE BBB+      1366.1  Reaffirmed
Fermi Solar Farms Pvt Ltd             LT Bk Fac – TL     CARE BBB       3795    Assigned
Gn Pal And Associates                 LT Bk Fac          CARE BB-       90      Assigned
Greenko Clean Energy Projects Pvt Ltd Proposed           Provisional    1000    Assigned
                                      NonConvertible     CARE A+ (SO)
                                      Debenture issue ^
^proposed to be backed by unconditional and irrevocable corporate guarantee of 
Greenko Energies Private Limited (GEPL rated CARE A+/CARE A1+ ).
Gtn Textile Ltd                       LT Bk Fac          CARE D         290.1   Reaffirmed
Hindustan Equipments Pvt. Ltd.        LT Bk Fac          CARE BBB-      399.1   Assigned
Hindustan Equipments Pvt. Ltd.        LT /ST Bk Fac      CARE BBB-      96      Assigned
                                                         /CARE A3
India Circuits Ltd                    LT Bk Fac          CARE BB-       90      Reaffirmed
(Enhanced form 7.50 CR)
Jai Ganesh Ispat& Ferro Alloys Pvt LtdLT Bk Fac                                 Withdrawn
Jindal Fibres Pvt Ltd                 LT Bk Fac          CARE BB        197.1   Issuer not
                                                                                cooperating
                                                                                Based on 
                                                                                best 
                                                                                available 
                                                                                information
K.H.T Agencies Pvt Ltd                LT Bk Fac          CARE BB-       374.9   Reaffirmed
Kerala Balers Pvt Ltd                 LT / Shortterm Bk  CARE BB/CARE A4240     Revised from
                                      Fac                                       CARE BB-/CARE
                                                                                A4
Kumar Brothers Chemists Pvt Ltd       LT Bk Fac          CARE BB        370     Reaffirmed
Liz Traders And Agents Pvt Ltd        LT/ ST instruments CARE AA-       1500    Reaffirmed
                                                         /CARE A1+
M. R. Enterprises_(Jaipur)            LT Bk Fac          CARE BB-       20      Reaffirmed
Maliram Jewellers                     LT Bk Fac/ ST Bk   CARE BB/CARE A4150     Reaffirmed
                                      Fac
Modern Education Foundation           LT Bk Fac          CARE BBB-      86.1    Reaffirmed
National Energy Trading And Services Ltd LT Bk Fac (CC)  CARE BBB-      200     Revised from
                                                                                CARE BBB
National Energy Trading And Services Ltd Long/ST Bk Fac  CARE BBB-      1000    Revised from
                                                         /CARE A3               CARE BBB
                                                                                /CARE A3+
Omvishwa Grains Pvt Ltd               LT Bk Fac          CARE B         70      Assigned
Parth Thread Pvt Ltd                  LT Bk Fac (TL)     CARE BB        49.1    Reaffirmed
(reduced from 6.08 CR)
Parth Thread Pvt Ltd                  LT Bk Fac (CC)     CARE BB        85      Reaffirmed
Patspin India Ltd                     Long/ST Bk Fac     CARE C/CARE A4 70      Reaffirmed
Patspin India Ltd                     LT Bk Fac          CARE D         1210.6  Reaffirmed
Peermade Development Society          LT Bk Fac          CARE BB+       80.2    Reaffirmed
Rohtak Panipat Tollway Pvt Ltd        LT Bk Fac          CARE BBB-      9707.2  Reaffirmed
Saraf Foods Ltd                       LT Bk Fac          CARE BB+       314.1   Reaffirmed
Saraf Foods Ltd                       LT/ST Bk Fac       CARE BB+/CARE  62.5    Reaffirmed
                                                         A4+
Sharekhan Financial Services Pvt Ltd  CP Issue (IPO                             Withdrawn
                                      Financing)
Shri Rathi Steel (Dakshin) Ltd        LT/ ST Bk Fac                             Withdrawn
Shriram City Union Finance Ltd        NCD (Proposed)     CARE AA+       5000    Assigned
Sneh Sadan Traders And Agents Ltd     LT/ ST instruments CARE AA-       2750    Reaffirmed
                                                         /CARE A1+
Sulochana Cotton Spinning Mills Pvt LtLT Bk Fac          CARE BBB+      3572.2  Revised from
                                                                                CARE BBB
Venkatesh Cotton Pvt Ltd              LT Bk Fac          CARE B+        70      Reaffirmed
Visaka Industries Ltd                 Long/ST Bk Fac     CARE AA-/CARE  1185    Revised from
                                                         A1+                    CARE A+/ CARE
                                                                                A1+
Vhv Beverages Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Viraj Enterprises                     LT Bk Fac                                 Withdrawn
Visaka Industries Ltd                 LT Bk Fac          CARE AA-       2573.6  Revised from
                                                                                CARE A+
Visu Leasing And Finance Pvt Ltd      LT Bk Fac          CARE A         5000    Assigned
Winsome Textile Industries Ltd        LT Bk Fac          CARE BBB-      2248    Reaffirmed
Yash Papers Ltd                       LT Bk Fac (TL)     CARE BBB-      836.2   Reaffirmed
Yash Papers Ltd                       LT Bk Fac (Working CARE BBB-      583.4   Reaffirmed
                                      capital facility)
Yash Papers Ltd                       LT Bk Fac (Non     CARE BBB-      55.4    Reaffirmed
                                      Fund Based - BG)
Yogesh Poultry And Breeding Farm      LT Bk Fac          CARE B+        150     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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below