January 12, 2018 / 5:17 AM / 12 days ago

CARE ratings for Indian debt instruments-Jan 12

    Jan 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 11, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Chartered Hotels Pvt Ltd              ST Bk Fac (BG)     CARE A4        260     Reaffirmed
G.D. Goenka Pvt Ltd                   ST Bk Fac          CARE A4+       85      Revised from
                                                                                CARE A3+
ISSUER NOT COOPERATING
Genuine Promoters                     ST Bk Fac          CARE A4+       100     Revised from
                                                                                CARE A3
ISSUER NOT COOPERATING
Meghalaya Cements Ltd                 ST Bk Fac          CARE A1        150     Reaffirmed
(Enhanced from 12.00 Crore)
Muslim Ali                            ST Bk Facility     CARE A4        40      Assigned
Nalanda Engicon Pvt Ltd               ST Bk Facility     CARE A4        70      -
                                      (Non fund Based)
ISSUER NOT COOPERATING
Nextra Teleservices Pvt Ltd           ST BkFac           CARE A4        5       -
ISSUER NOT COOPERATING
North Street Cooling Towers Pvt Ltd   ST BkFac           CARE A4        40      Reaffirmed
Padmavati Almex Pvt Ltd               ST Bk Fac          CARE A4        70      Assigned
R E Cables And Conductors Pvt Ltd     ST Bk Fac          CARE D         500     Revised from
                                                                                CARE A3+
ISSUER NOT COOPERATING
Sewa Singh Oberoi & Company           ST Bk Fac          CARE A3+       210     Reaffirmed
Shaily Engineering Plastics Ltd       ST Bk Fac          CARE A2+       300     Reaffirmed
Sharda Educational Trust              ST Bk Fac          CARE A3        675     -
ISSUER NOT COOPERATING
Shree Raghukul Texprints Pvt Ltd      ST BkFac           CARE A4        7       Assigned
Talluri Textiles Pvt Ltd              ST Bk Fac          CARE A4        10      -
ISSUER NOT COOPERATING
Tirupati Organics Pvt Ltd             Short- term Bk Fac CARE A4        2.5     Assigned
Topcem India                          ST Bk Fac          CARE A1 (SO)   380     Reaffirmed
(Enhanced from 15.90 Crore)
Velox Automation Pvt Ltd              ST Bk Fac          CARE A4+       50      Assigned
Vinshil Polychem                      ST Bk Fac          CARE A4        60      Reaffirmed

LONG TERM RATINGS:
-------------------
Bdh Hotel & Resort                    LT Bk Fac          CARE B+        180     Assigned
Chartered Hotels Pvt Ltd              LT Bk Fac (TL-     CARE D         401.1   Reaffirmed
                                      Axis Bk)
Chartered Hotels Pvt Ltd              LT Bk Fac (TL)     CARE D         2874.1  Revised from
                                                                                CARE B
City Rolling Mills Pvt Ltd            LT Bk Fac          CARE BB+       100     Revised from
                                                                                CARE BB
Darbhanga Motihari Transmission Co. LtNCD Issue*         CARE AAA(SO)   8600    Final Rating
*NCD Issue backed by discounting of future incomes receivables from Power Grid Corporation of
India Limited (PGCIL; rated CARE AAA; Stable/ CARE A1+). This is supplemented by a Trustee
monitored Structured Payment Mechanism (SPM)having tight Waterfall for servicing of the proposed
NCDs.
G.D. Goenka Pvt Ltd                   LT Bk Fac          CARE BB+       997     Revised from
                                                                                CARE BBB+
ISSUER NOT COOPERATING
Genuine Promoters                     LT Bk Fac          CARE BB+       1250    Revised from
                                                                                CARE BBB
ISSUER NOT COOPERATING
Grebe Cv Ifmr Capital 2017-(OriginatorSeries A1 PTCs     CARE A- (SO)           Reaffirmed
Ikf Finance Ltd)
Grebe Cv Ifmr Capital 2017-(OriginatorSeries A2 PTCs     CARE BBB+ (SO)         Reaffirmed
Ikf Finance Ltd)
Iv County Pvt Ltd                     LT Bk Fac          -                      Withdrawn
Jyothy Fabricare Services Ltd         Proposed Non       CARE AA (SO)   600     Assigned
                                      Convertible
                                      Debentures @ ^
@ to be backed by unconditional and irrevocable corporate guarantee of Jyothy Laboratories
Limited ^ The instrument is a Long term Redeemable Zero Coupon NCD with a bullet repayment at
the end of third year from the allotment date
Kish Exports Ltd                      LT Bk Fac          CARE B+        110     Assigned
Mace Ifmr Capital 2017-(Originator:   Series A1 PTC      CARE A- (SO)           Reaffirmed
Arohan Financial Services Pvt Ltd)
Mace Ifmr Capital 2017-(Originator:   Series A2 PTC      CARE BBB+ (SO)         Reaffirmed
Arohan Financial Services Pvt Ltd)
Meghalaya Cements Ltd                 LT Bk Fac          CARE A         1070    Reaffirmed
(Enhanced from 80.00 Crore)
Muslim Ali                            LT Bk Facility     CARE B+        20      Assigned
Nalanda Engicon Pvt Ltd               LT Bk Facility     CARE BB-       30      -
                                      (Fund Based)
ISSUER NOT COOPERATING
Nextra Teleservices Pvt Ltd           LT BkFac           CARE B+        170     Revised from
                                                                                CARE BB-
ISSUER NOT COOPERATING
North Street Cooling Towers Pvt Ltd   LT BkFac           CARE BB        58      Revised from
                                                                                CARE BB-
Ozone Projects Pvt Ltd                NCD issue-II       CARE B         189.3   Revised from
                                                                                CARE BB
ISSUER NOT COOPERATING
Ozone Projects Pvt Ltd                NCD issue-I        CARE B(SO)     1263    Revised from
                                                                                CARE BB
ISSUER NOT COOPERATING
Padmavati Almex Pvt Ltd               LT Bk Fac          CARE B+        10      Assigned
Padmavati Almex Pvt Ltd               LT/ ST Bk Fac      CARE B+/CARE A430      Assigned
Premier’S Tea Ltd                     LT/ ST BkFac       CARE BB-/A4    250     Assigned
R E Cables And Conductors Pvt Ltd     LT Bk Fac          CARE D         628     Revised from
                                                                                CARE BBB
ISSUER NOT COOPERATING
Reliance Home Finance Ltd             LT Debt Programme  CARE AA+       90000   Continues on
                                                                                credit watch
(Enhanced from Rs.8000 crore Crore)
Royalica Tiles                        LT Bk Fac          CARE B+        64.2    Assigned
Samraddhi Cot Fibers Pvt Ltd          LT Bk Fac          CARE D         70.1    Issuer not
                                                                                cooperating
Sewa Singh Oberoi & Company           LT Bk Fac          CARE BBB       20      Reaffirmed
Shaily Engineering Plastics Ltd       LT Bk Fac          CARE A-        1122.2  Reaffirmed
(enhanced from Rs.97.33 crore Crore)
Sharda Educational Trust              LT Bk Fac          CARE BBB-      1393.9  -
ISSUER NOT COOPERATING
Sharekhan Bnp Paribas Financial       CP Issue (IPO      -                      Withdrawn
Services Pvt Ltd                      Financing)
Shree Raghukul Texprints Pvt Ltd      LT BkFac           CARE BB-       134.2   Assigned
Shree Raghukul Texprints Pvt Ltd      LT/STBk Fac        CARE BB-/A4    8.8     Assigned
Talluri Textiles Pvt Ltd              LT Bk Fac          CARE BB        343.9   -
ISSUER NOT COOPERATING
Thane Steels Pvt Ltd                  LT Bk Fac          CARE BB        270     Assigned
Tirupati Organics Pvt Ltd             Long- term Bk Fac  CARE B+        60      Assigned
Topcem India                          LT Bk Fac          CARE A (SO)    220     Reaffirmed
(Reduced from 34.00 Crore)
Vasundhara Diamond Roof Pvt Ltd       LT Bk Fac          CARE BBB       250     Reaffirmed
Velox Automation Pvt Ltd              LT Bk Fac          CARE BB+       26.5    Assigned
Vinshil Polychem                      LT Bk Fac          CARE B+        5       Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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