February 13, 2018 / 7:36 AM / 6 days ago

CARE ratings for Indian debt instruments-Feb 13

    Feb 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of February 12, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bansal Infraprojects Pvt Ltd          ST Bk Fac          CARE A4+       50      -
ISSUER NOT COOPERATING
Jasch Plastics India Ltd              ST Bk Fac          CARE A4        55      Assigned
K. R. Sea Foods                       ST Bk Fac          CARE A4+       114     Reaffirmed

Knest Manufacturers Llp               ST Bk Fac          CARE A4        120     Assigned
Parsoli Motor Works Pvt Ltd           ST Bk Fac          CARE A4        80      “Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Raigarh Ispat & Power Pvt Ltd         ST Bk Fac          CARE A4+       10      available
                                                                                information
Rsb Transmissions (I) Ltd.            ST BkFac           CARE A3        1944.2  Reaffirmed
(enhanced from 194.29 Crore)
Shine Cotspin Pvt Ltd                 ST Bk Fac          -              -       Withdrawn
Shivalik India Alco Pvt Ltd           ST BkFac           CARE A4+       15      Assigned
Supreme Batteries Pvt Ltd             ST Bk Fac          CARE A4+       105     Reaffirmed
Skypoint Multitrade Pvt Ltd           ST Bk Fac          CARE D         100.5   -
Suruchi Foods Pvt Ltd                 ST Bk Fac          CARE A4+       20      -
ISSUER NOT COOPERATING
Payal Polyplast Pvt Ltd               ST Bk Fac          -                      Withdrawn
Three Star Marine Exports             ST Bk Fac          CARE A4        95      -
ISSUER NOT COOPERATING
Triveni Wires Pvt Ltd                 ST Bk Fac          CARE A4        9       Assigned
Yash Polychem Pvt Ltd                 ST Bk Fac          -                      Withdrawal
Uttara Impex Pvt Ltd                  ST Bk Fac          CARE A2 (SO)   130     Revised from
                                                                                CARE A3+
Vaishnavi Food Products               ST Bk Fac          CARE A4        50      -
ISSUER NOT COOPERATING
    
LONG TERM RATINGS:
-------------------
Ahmedabad Maliya Tollway Ltd          LT Bk Fac          -                      Withdrawn
Alfa Moulding Industries Pvt Ltd      LT Bk Fac          -              -       Withdrawn
Avaca Pharma Pvt Ltd                  LT Bk Fac          CARE B+        970     Assigned
Bansal Infraprojects Pvt Ltd          LT Bk Fac          CARE BB+       70      -
ISSUER NOT COOPERATING
Capital Trust Ltd                     LT Bk Fac          CARE BBB+      3000    Reaffirmed
Data Infosys Ltd                      LT Bk Fac          CARE BBB-      10      Reaffirmed
Data Infosys Ltd                      LT/ST Bk Fac       CARE BBB-/A3   80      Reaffirmed
Dignus Infra Pvt Ltd                  LT Bk Fac          CARE D         23.5    Revised from
                                                                                CARE B+
Dignus Infra Pvt Ltd                  LT Bk Fac/ ST Bk   CARE D         30      Revised from
                                      Fac                                       CARE B+
Drillcon Infrastructure Pvt Ltd       LT Bk Fac          -                      Withdrawn
Drillcon Infrastructure Pvt Ltd       LT/ST Bk Fac       -                      Withdrawn
Dullat Resort                         LT Bk Fac          CARE B         70      Assigned
Ig3 Infra Ltd                         (ii) LT BkFac (TL )-              -       Withdrawn
Ig3 Infra Ltd                         (i) LT BkFac (     CARE BB+ (SO)  13600   Assigned
                                      Lease
                                      RentalDiscounting)
Internex Poly Pvt Ltd                 LT Bk Fac          CARE B+        56.9    Revised from
                                                                                CARE BB-
It Enfraservices Pvt Ltd              LT Bk Fac (LRD-    -                      Withdrawn
                                      TL)
Jasch Plastics India Ltd              LT Bk Fac          CARE BB-       134.8   Assigned
K.Ananthakrishna Shetty               LT Bk Fac          CARE B+        50      -
ISSUER NOT COOPERATING
K.V.Chinnaiah                         LT Bk Fac          CARE B         35      -
ISSUER NOT COOPERATING
Khandoba Distilleries Ltd             LT Bk Fac          CARE D         650     Revised from
                                                                                CARE BB
ISSUER NOT COOPERATING
Knest Manufacturers Llp               LT Bk Fac          CARE B+        58.5    Assigned
L&T Uttaranchal Hydropower Ltd        LT Bk Fac (Non-    CARE A         250     Reaffirmed
                                      Fund Based) – LOC
L&T Uttaranchal Hydropower Ltd        LT Bk Fac (Non-    CARE A         50      Reaffirmed
                                      Fund Based) – BG
Logix Buildtech Pvt Ltd               LT Bk Fac (LRD-    -                      Withdrawn
                                      TL)
Madhya Pradesh Agro Foods Industries  LT Bk Fac          CARE BB+       180     -
Ltd
ISSUER NOT COOPERATING
Mahaveer Finance India Ltd            LT Bk Fac          CARE BB+       750     Revised from
                                                                                CARE BB+
Mahaveer Finance India Ltd            NCD issue.         CARE BB+       200     Revised from
                                                                                CARE BB+
Mcnally Sayaji Engineering Ltd        LT Bk Fac          CARE D         1737.5  Reaffirmed
(reduced from 236.82 Crore)
Mcnally Sayaji Engineering Ltd        Long/ST Bk Fac     CARE D/D       890     Reaffirmed
(reduced from 100.00 Crore)
Metro Agro Mills                      LT Bk Fac          CARE B+        60      -
ISSUER NOT COOPERATING
Narayana Agro Oils Pvt Ltd            LT Bk Fac          CARE BB        203.4   Revised from
                                                                                CARE BB-
Noida Cyber Park Pvt Ltd              LT Bk Fac (LRD-    -                      Withdrawn
                                      TL)
Nv Distilleries Pvt Ltd               LT Bk Fac          CARE BB-       600     Revised from
                                                                                CARE B
Nv International Pvt Ltd              LT Bk Fac          CARE B         1390    Revised from
                                                                                CARE C
(reduced from 160.00 Crore)
Nv International Pvt Ltd              LT/ST Bk Fac       CARE B/A4      50      Revised from
                                                                                CARE C
(reduced from 30.00 Crore)
Originator: Spandana Sphoorty FinanciaSeries A PTC       CARE A+ (SO)   496.2   Assigned
Ltd)
P. Venkat Reddy                       LT Bk Fac          CARE BB        60      -
ISSUER NOT COOPERATING
P.M. Dall Mills Pvt Ltd               LT Bk Fac          CARE B+        50      Reaffirmed
Parsoli Motor Works Pvt Ltd           LT Bk Fac          CARE B         25      -
ISSUER NOT COOPERATING
Parsoli Motor Works Pvt Ltd           Long/Shortterm Bk  CARE B/A4      110     -
                                      Fac                                       
ISSUER NOT COOPERATING
Payal Polyplast Pvt Ltd               LT Bk Fac          -                      Withdrawn
Prabal Motors Pvt Ltd                 LT Bk Fac          CARE BB        485     Reaffirmed
(Enhanced from Rs. 15.00 Crores Crore)
Raigarh Ispat & Power Pvt Ltd         LT Bk Fac          CARE BB+       175     -
ISSUER NOT COOPERATING
Rice Tech Agro Mills                  LT Bk Fac          CARE B+        60      -
ISSUER NOT COOPERATING
Rsb Castings Ltd.                     LT BkFac           CARE BBB-(SO)  610     Reaffirmed
(enhanced from 44.74 Crore)
Rsb Transmissions (I) Ltd.            LT BkFac           CARE BBB-      3296.8  Reaffirmed
(enhanced from 286.84 Crore)
Rukmani Power And Steel Pvt Ltd       LT Bk Fac          CARE BB+       80      -
Sas Infra Engineering Pvt Ltd         LT Bk Fac          CARE B         80      Assigned
Satya Microcapital Ltd                LT Bk Fac          CARE BB+       500     Assigned
(Rupees Fifty crore only Crore)
Shine Cotspin Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Shine Cotspin Pvt Ltd                 LT/ST Bk Fac       -              -       Withdrawn
Shivalik India Alco Pvt Ltd           LT BkFac           CARE BB+       100     Assigned
Shreenathji Udaipur Tollway Pvt Ltd   LT/ST Fac          -              -       Withdrawn
Skypoint Multitrade Pvt Ltd           LT Bk Fac          CARE D         84.8    -
ISSUER NOT COOPERATING
ISSUER NOT COOPERATING
Sps Spinning Mills                    LT Bk Fac          CARE BB        61.6    Assigned
Sri Gowrish Cnc Pvt Ltd               LT Bk Fac          CARE BB-       70      Assigned
Supreme Batteries Pvt Ltd             LT Bk Fac          CARE BB+       335.5   Reaffirmed
(enhanced from 25.55 Crore)
Suruchi Foods Pvt Ltd                 LT Bk Fac          CARE BB+       350     -
ISSUER NOT COOPERATING
Three Star Marine Exports             LT Bk Fac          CARE B         2.1     -
ISSUER NOT COOPERATING
Titan Tex Fab Pvt Ltd                 LT Bk Fac          CARE BB+       143     Revised from
                                                                                CARE BB-
Triveni Wires Pvt Ltd                 LT Bk Fac          CARE B+        411     Reaffirmed
(enhanced from 26.60 Crore)
Uttara Impex Pvt Ltd                  Long/ ST Bk Fac@   CARE           60      Revised from
                                                         BBB+/(SO)/A2           CARE BBB
                                                         (SO)
Vaishnavi Food Products               LT Bk Fac          CARE BB-       17.9    -
ISSUER NOT COOPERATING
Virtue Industries                     LT Bk Fac          CARE B+        105     Assigned
Yash Polychem Pvt Ltd                 LT Bk Fac          -                      Withdrawal
Yogiraj Export Pvt Ltd                LT Bk Fac          CARE BB        150     -
Yogiraj Ginning And Oil Industries PvtLT Bk Fac          CARE BB        155     -
Ltd.
--------------------------------------------------------------------------------------------
$: 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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