January 11, 2019 / 5:00 AM / 5 months ago

CARE ratings for Indian debt instruments-Jan 11

    Jan 11 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 10, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aditya Arav Dev Construction Company  ST Bk Fac          CARE A4        110
Pvt Ltd
(Issuer Not Cooperating)
Ajai Builders                         ST BkFac           CARE A4        150     Reaffirmed
Akrati Technimont Ltd                 ST Bk Fac          CARE A4        100
(Issuer Not Cooperating)
Anthea Aromatics Pvt. Ltd.            ST Bk Fac          CARE A3        40      Assigned
Aroma Craft And Tissues Pvt Ltd       ST Bk Fac          CARE A4+       20
(Issuer Not Cooperating)
Bhavna Property Developers Ltd        ST Bk Fac          CARE A4+       50
(Issuer Not Cooperating)
Crown Chemicals Pvt. Ltd.             ST Bk Fac          CARE A3+       60      Assigned
Fermenta Biotech Ltd                  ST BkFac (non-FBL) CARE A2        62.5    Revised from
                                                                                CARE A3+
(enhanced from 5.25 Crore)/under Credit watch with developing implications
Gandhi Road Builders                  ST Bk Fac          CARE A4        75
(Issuer Not Cooperating)
Hajaria Security Service              ST Bk Fac          -              -       Withdrawn
Infinity Infratech                    ST Bk Fac          CARE A4        6
(Issuer Not Cooperating)
Modern Power Services                 ST Bk Fac          CARE A4        30
(Issuer Not Cooperating)
Nortech Power Projects Pvt Ltd        ST Bk Fac          CARE A4        100     Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Oshina Expo Pvt Ltd                   ST Bk Fac          CARE A4        10      Assigned
P.D. Bajoria Tea And Agro Products PvtST BkFac           CARE A4        3.5
Ltd
(Issuer Not Cooperating)
Pks Technobuild Pvt Ltd               ST Bk Fac          CARE A4        40
(Issuer Not Cooperating)
Praveedh Decor Pvt Ltd                ST Bk Fac          CARE A4        22.5
(Issuer Not Cooperating)
Praveedh Decor Pvt Ltd                Proposed ST BkFac  CARE A4        12.5
(Issuer Not Cooperating)
Refracast Metallurgicals Pvt. Ltd.    ST Bk Fac          CARE A4        20      Reaffirmed
Shri Ram Panels Pvt Ltd               ST Bk Fac          CARE A4        60      Assigned
Singhal Business Pvt Ltd              ST Bk Fac          CARE A4        60      Reaffirmed
Surya Wires Pvt. Ltd.                 ST Bk Fac          CARE A4        186     Reaffirmed
Tulsi Ram And Company                 ST Bk Fac          CARE A4        105     Assigned
Weizmann Forex Ltd                    ST Bk Fac –        CARE A2        85
                                      Non-fund based
Placed on credit watch with developing implications
 
LONG TERM RATINGS:
-------------------
Aditya Arav Dev Construction Company  LT Bk Fac          CARE B         22.5    Revised from
Pvt Ltd                                                                         CARE B+
(Issuer Not Cooperating)
Ads Diagnostic Ltd                    Long –term Bk Fac  -              -       Withdrawn
Ads Diagnostic Ltd                    Long –term Bk Fac/ -              -       Withdrawn
                                      ST Bk Fac
Ajai Builders                         LT BkFac           CARE B+        24.7    Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Akme Fincon Ltd                       LT Bk Fac          -              -       Withdrawn
Akrati Technimont Ltd                 LT Bk Fac          CARE BB-       70      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Anandeshwar Rice Industries           LT Bk Fac          CARE B         60      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Anthea Aromatics Pvt. Ltd.            LT Bk Fac          CARE BBB-      10      Assigned
Antony Road Transport Solutions Pvt LtLT Bk Fac          CARE B+        414.3
(Issuer Not Cooperating)
Aroma Craft And Tissues Pvt Ltd       LT Bk Fac          CARE BB+       127.4
(Issuer Not Cooperating)
B.J. Hotels Pvt Ltd                   LT Bk Fac          CARE D         61.2    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Baroda Mutual Fund (Erstwhile Baroda  Baroda Liquuid     CARE AAAmfs    -       Reaffirmed
Pioneer Mutual Fund)                  Fund(Erstwhile
                                      Baroda Pioneer
                                      Liquid fund)             
Bhavna Property Developers Ltd        LT Bk Fac          CARE BB        150
(Issuer Not Cooperating)
Biswapita Cold Storage Pvt. Ltd       LT Bk Fac          CARE B         63.1    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Chetan Alloys Pvt Ltd                 LT Bk Fac          CARE B+        100
(Issuer Not Cooperating)
Chintpurni Steel Pvt Ltd              LT Bk Fac          CARE BB-       335     Revised from
                                                                                CARE BB+
(Issuer Not Cooperating)
Chintpurni Steel Pvt Ltd              LT/ST Bk Fac       CARE BB-/A4    15      Revised from
                                                                                CARE BB+/CARE
                                                                                A4+
(Issuer Not Cooperating)
Crown Chemicals Pvt. Ltd.             LT Bk Fac          CARE BBB       10      Assigned
Dandona Finance Ltd                   LT BkFac           CARE BB+       450     Assigned
Devraj Tropical Fruits                LT Bk Fac          CARE BB+       80      Assigned
Duet India Hotels (Chennai Omr) Pvt LtLT BkFac           CARE BBB-      562     Assigned
Duet India Hotels (Hyderabad) Pvt Ltd.LT BkFac           CARE BBB-      902     Assigned
Duet India Hotels (Jaipur) Pvt Ltd.   LT Bk Fac          CARE BBB-      360.5   Assigned
Fermenta Biotech Ltd                  LT BkFac (FBL)     CARE A-        690     Revised from
                                                                                CARE BBB+
(enhanced from 35.75 Crore)/ under Credit watch with developing implications
Fermenta Biotech Ltd                  LT BkFac (TL)      CARE A-        455.2   Revised from
                                                                                CARE BBB+
(enhanced fro 7.00 Crore)/under Credit watch with developing implications
Gandhi Road Builders                  LT Bk Fac          CARE BB-       25
(Issuer Not Cooperating)
Ganjam Trading Company Pvt Ltd        LT Bk Fac – LRD -  -              -       Withdrawn
                                      I^
^LRD against commercial premises at Kamala Mills, Mumbai leased to Essel Propack Ltd and
Interactive Financials & Trading Services Pvt. Ltd (referred to as LRD-I)
Ganjam Trading Company Pvt Ltd        LT Bk Fac – LRD –  -              -       Withdrawn
                                      I@
@ Factory premise at Valsad, Gujarat leased to Essel Propack Ltd (referred to as LRD-II) 
Golden Retreats Pvt Ltd               LT BkFac           CARE B+        83.5
(Issuer Not Cooperating)
H.L. Agro Products Pvt Ltd            LT Bk Fac          CARE BB+       1500    Assigned
Hajaria Security Service              LT Bk Fac          -              -       Withdrawn
Hajaria Security Service              LT / ST Bk Fac     -              -       Withdrawn
Hajaria Soft Services Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Hajaria Soft Services Pvt Ltd         LT / ST Bk Fac     -              -       Withdrawn
Hi Physix Laboratory India Pvt Ltd    LT Bk Fac          CARE BB        278.1   Assigned
Infinity Infratech                    LT Bk Fac          CARE B+        49.1
(Issuer Not Cooperating)
Jonas Woodhead And Sons India Ltd     LT Bk Fac          CARE B+        70.5    Assigned
Kamsa Steel Pvt Ltd                   LT BkFac           CARE B+        30
(Issuer Not Cooperating)
Kunal Lohachem Pvt. Ltd.              LT Bk Fac          CARE B         60      Reaffirmed
Lal Ferro Alloys Company Pvt Ltd      LT Bk Fac          -              -       Withdrawn
Lords Oriental Resorts Developers     LT Bk Fac          CARE D         131.6
(Silvassa) Pvt Ltd
(Issuer Not Cooperating)
Modern Power Services                 LT Bk Fac          CARE BB-       20
(Issuer Not Cooperating)
Nortech Power Projects Pvt Ltd        LT Bk Fac          CARE B         20      Revised from
                                                                                CARE C
(Issuer Not Cooperating)
Oshina Expo Pvt Ltd                   LT Bk Fac          CARE B+        50      Assigned
Ostro Renewables Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Ozone Infra Projects                  LT Bk Fac          CARE D         60
(Issuer Not Cooperating)
P.D. Bajoria Tea And Agro Products PvtLT BkFac           CARE B-        74.8    Revised from
Ltd                                                                             CARE B
(Issuer Not Cooperating)
Pks Technobuild Pvt Ltd               LT Bk Fac          CARE BB-       50
(Issuer Not Cooperating)
Poonia Wines (Rewari)                 LT Bk Fac          CARE BB-       150     Reaffirmed
Praveedh Decor Pvt Ltd                LT Bk Fac          CARE B+        22.2
(Issuer Not Cooperating)
Praveedh Decor Pvt Ltd                Proposed LT BkFac  CARE B+        10
(Issuer Not Cooperating)
Refracast Metallurgicals Pvt. Ltd.    LT Bk Fac          CARE BB        70      Reaffirmed
Sahyog Industries                     LT Bk Fac          CARE B+        54.9    Assigned
Shiv Shakti Modern Flour Mills Pvt LtdLT BkFac           CARE B+        112     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Shri Ram Panels Pvt Ltd               LT Bk Fac          CARE BB-       85      Assigned
Singhal Business Pvt Ltd              LTBk Fac           CARE BB-       180     Revised from
                                                                                CARE B+
(Enhanced from 9.00 Crore)
Singham Bio Crop Care Pvt Ltd         LT Bk Fac          CARE B+        87.5    Assigned
Sri Devaraaja Agro Industries         LT Bk Fac          CARE BB+       212     Assigned
Surya Wires Pvt. Ltd.                 LT Bk Fac          CARE B+        100     Reaffirmed
Surya Wires Pvt. Ltd.                 LT/ ST BkFac       CARE B+/A4     40      Reaffirmed
Tulsi Ram And Company                 LT Bk Fac          CARE B+        40      Assigned
Uniton Infra Pvt Ltd                  LT BkFac           CARE B+        150
(Issuer Not Cooperating)
Vishal Structurals Pvt Ltd            Bk Fac-Fund Based  -              -       Withdrawn
                                      - LT-CC
Vishal Structurals Pvt Ltd            Bk Fac-Non-Fund    -              -       Withdrawn
                                      Based - LT- BGs
Weizmann Forex Ltd                    LT BkFac – TL      CARE A-        216.3
Placed on credit watch with developing implications
Weizmann Forex Ltd                    LT BkFac –         CARE A-        2275
                                      WorkingCapital
Placed on credit watch with developing implications
--------------------------------------------------------------------------------------------
$: 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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