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CARE ratings for Indian debt instruments-Dec 8
December 8, 2017 / 7:07 AM / 9 days ago

CARE ratings for Indian debt instruments-Dec 8

    Dec 8 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 7, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ananthalakshmi Agro Foods             ST Bk Fac          -              -       Withdrawn
Anutex Shopping Mall Llp              ST Bk Fac          CARE A4        40      Assigned
Bagzone Lifestyle Pvt Ltd.            ST fund based Bk   CARE A3        50      Reaffirmed
                                      Fac
C.R.I. Pumps Pvt Ltd                  ST Bk Fac          CARE A1+       500     Assigned
Dish Tv India Ltd                     ST Bk Fac          CARE A1+       900     Reaffirmed
(reduced from 132.00crs)
Fabrimax Engineering Pvt Ltd          ST Bk Fac          CARE A4+       100     Reaffirmed
Icici Prudential Mutual Fund          ST Bk Fac          CARE A1+       65000   Reaffirmed
Icici Prudential Mutual Fund          Overdraft facility CARE A1+       20000   Reaffirmed
Jambuwala Capital Services Pvt Ltd    ST Bk Fac          CARE A4        230     Reaffirmed
Kuantum Papers Ltd                    ST Bk Fac          CARE A2        532.5   Reaffirmed
Lahoty Buildcon Ltd                   ST Bk Fac          CARE A4+       115     Revised from
                                                                                CARE A4
L&T Finance Ltd (Erstwhile Family     CP Issue (IPO      -              -       Withdrawn
Credit Ltd)                           Financing)
L&T Housing Finance Ltd               CP (for IPO        -              -       Withdrawn
                                      financing)
L&T Infrastructure Finance Co. Ltd    CP (for IPO        -              -       Withdrawn
                                      financing)
Panacea Biotec Ltd                    ST Bk Fac          CARE D         619.7   Revised from
                                                                                CARE A4
R.N. Gupta & Co. Ltd                  ST Bk Fac          CARE A3        336     Assigned
Rmbay                                 ST Bk Fac          CARE A4        65      Reaffirmed
(enhanced from 6.00crs)
Rubamin Ltd                           ST Bk Fac          CARE A1        559.7   Revised from
                                                                                CARE A2+
Surendra Infrastructure Pvt Ltd       ST Bk Fac          CARE A4+       187.5   Reaffirmed
Symbiotec Pharmalab Pvt Ltd           ST Bk Fac          CARE A1        1312.8  Revised from
                                                                                CARE A2+
(enhanced from 128.28crs)
    
MEDIUM TERM RATINGS:
-------------------
Kuantum Papers Ltd                    LT/Medium-term     CARE BBB+ (FD) 400     Reaffirmed
                                      Fixed deposits
LONG TERM RATINGS:
-------------------
Ananthalakshmi Agro Foods             LT Bk Fac          -              -       Withdrawn
Anutex Shopping Mall Llp              LT Bk Fac          CARE BB        195     Reaffirmed
(Enhanced from Rs.10.51crs)
Bagzone Lifestyle Pvt Ltd.            LT fund based Bk   CARE BBB-      100     Reaffirmed
                                      Fac
C.R.I. Pumps Pvt Ltd                  LT Bk Fac          CARE A+        2000    Assigned
Dish Infra Services Pvt. Ltd.         NCDs               -              -       Withdrawn
Dish Infra Services Pvt. Ltd.         Fund based Bk Fac  CARE A+(SO)    400     Reaffirmed
                                      (CC)
Dish Infra Services Pvt. Ltd.         Non-Fund based Bk  CARE A+(SO)    1540    Reaffirmed
                                      Fac (LC)
Dish Infra Services Pvt. Ltd.         NCDs               CARE A+(SO)    1000    Reaffirmed
Dish Infra Services Pvt. Ltd.         NCDs               CARE A+(SO)    2000    Reaffirmed
Dish Infra Services Pvt. Ltd.         LT/ST              CARE           18335.3 Reaffirmed
                                      Fundbased/Non-fund A+(SO)/CARE
                                      based Bk Fac       A1+(SO)
Dredging Corporation Of India         Tax Free, Secured, CARE A+        588.8   Revised from
                                      Redeemable NCDs                           CARE AA-
Fabrimax Engineering Pvt Ltd          LT Bk Fac          CARE BB+       92.5    Reaffirmed
Fine Components And Tools Pvt Ltd     LT Bk Fac          CARE BBB+      198     Reaffirmed
Globus Spirits Ltd.                   LT Bk Fac          CARE A-        2713.4  Revised from
                                                                                CARE A
(reduced from 284.4crs)
Globus Spirits Ltd.                   Long/ ST Bk Fac    CARE A- / A2   100     Revised from
                                                                                CARE A
Gokaldas Intimatewear Pvt Ltd.        LT Bk Fac          CARE BBB+      430     Reaffirmed
(enhanced from 35 crore)
Hdfc Credila Financial Services Pvt LtPerpetual Debt     CARE AA+       500     Assigned
Jaipur National University            LT Bk Fac          CARE BBB-      2759.7  Revised from
                                                                                CARE BBB
Issuer not cooperating
Katihar Medical College               LT Bk Fac          CARE BBB+      220.4   Reaffirmed
(enhanced from 7.55crs)
Kay Vee Gems                          LT Bk Fac          CARE BB-       95      Reaffirmed
Krishna Export                        LT Bk Fac          CARE BB+       85      Reaffirmed
Kuantum Papers Ltd                    LT Bk Fac          CARE BBB+      2150.8  Reaffirmed
Lahoty Buildcon Ltd                   LT Bk Fac          CARE BB+       280     Revised from
                                                                                CARE BB
Lahoty Buildcon Ltd                   LT Bk Fac/ ST Bk   CARE BB+ /CARE 500     Revised from
                                      Fac                A4+                    CARE BB/CARE
                                                                                A4
Man Infraconstruction Ltd             LT Bk Fac          CARE A-        325     Revised from
                                                                                CARE BBB+
Man Infraconstruction Ltd             Long/ST Bk Fac     CARE A- /CARE  1881.8  Revised from
                                                         A2+                    CARE BBB+
                                                                                /CARE A2
Man Projects Ltd                      Long/ST Bk Fac     CARE A- (SO)   1600    Revised from
                                                         /CARE A2+ (SO)         CARE BBB+
                                                                                (SO)/
                                                                                CARE A2(SO)
Omid Engineering Pvt Ltd              LT Bk Fac          CARE D         140     Revised from
                                                                                CARE BB-
Panacea Biotec Ltd                    LT Bk Fac          CARE D         9595.5  Revised from
                                                                                CARE B+
Premium Harvest Ltd                   LT Bk Fac          CARE BB        203     Reaffirmed
Prithipal Singh And Company           LT Bk Fac          CARE BB        30      Assigned
Prithipal Singh And Company           LT/ ST Fac         CARE BB /CARE  55      Assigned
                                                         A4+
R.N. Gupta & Co. Ltd                  LT Bk Fac          CARE BBB-      404.2   Assigned
Rmbay                                 LT Bk Fac          CARE BB        90      Reaffirmed
Rubamin Ltd                           LT Bk Fac          CARE A         2233.7  Revised from
                                                                                CARE A-
(reduced from 225.25crs)
Shrachi Burdwan Developers Pvt. Ltd.  LT Bk Fac          -              -       Withdrawn
Shree Ram Agro India                  LT Bk Fac          CARE B+        51.8    Assigned
Surendra Infrastructure Pvt Ltd       LT Bk Fac          CARE BB        57      Reaffirmed
Symbiotec Pharmalab Pvt Ltd           LT Bk Fac          CARE A         1870    Revised from
                                                                                CARE A
(enhanced from 178.64crs)
The Indian Film Combine Pvt Ltd       LT Bk Fac          CARE BBB+      16000   Reaffirmed
Zeal Metaliks Pvt Ltd                 LT Bk Fac          CARE BB        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)

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