January 30, 2020 / 4:52 AM / 24 days ago

CARE ratings for Indian debt instruments-Jan 30

    Jan 30  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of January 29, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abhinav Overseas (A Unit Of Marino    ST Bk Fac          -              -       Withdrawn
Cables India Pvt Ltd)
Amitasha Enterprises Pvt Ltd          ST Bk Fac          -              -       Revised to
                                                                                CARE A4+ and
                                                                                withdrawn
Ashok Chauhan And Company             ST Bk Fac          CARE A4+       431.5   Assigned
Benktesh Synth Processors Pvt Ltd     ST Bk Fac          --             -       Withdrawn
Bell Teleservices India Pvt Ltd       ST Bk Fac          CARE A4+       25      Assigned
Cargo Motors Pvt Ltd                  ST Bk Fac          CARE A4        500$    Revised from
                                                                                CARE D
Chinar Forge Ltd                      ST Bk Fac          -              -       Reaffirmed at
                                                                                CARE D and
                                                                                wWithdrawn
Flamingo Pharmaceuticals Ltd          ST Bk FacNon-Fund  CARE D         130     Revised from
                                      Based                                     CARE D
Hfcl Ltd                              ST BkFac           CARE A2+       21258.8 Reaffirmed
Jawala Coke Pvt Ltd                   ST Bk Fac          CARE A4        5       Assigned
Komal Buildcon Pvt Ltd                ST BkFac           -              -       Reaffirmed at
                                                                                CARE A4 and
                                                                                withdrawn
Nishapati Cold Storage Pvt Ltd        ST Bk Fac          CARE A4        1.6     Reaffirmed
Right Tight Fastners Pvt Ltd          ST Bk Fac          CARE A3        421.3   Reaffirmed
Star Track Fasteners Pvt Ltd          ST Bk Fac          CARE A4        55      Assigned
Vibrant Global Trading Pvt Ltd        ST Bk              CARE A4        103     Revised from
                                      Fac (non-fund                             CARE A4+
                                      based)
LONG TERM RATINGS:
-------------------
Abhinav Overseas (A Unit Of Marino    LT Bk Fac          -              -       Withdrawn
Cables India Pvt Ltd)
Amitasha Enterprises Pvt Ltd          LT/ST BkFac        -              -       Revised to
                                                                                CARE BB+;
                                                                                Stable/ CARE A4+
                                                                                and withdrawn
Arjan Dass And Sons Pvt Ltd           LT Bk Fac          CARE BB-;      100     Assigned
                                                         Stable
Arjan Dass And Sons Pvt Ltd           Long/ST Bk Fac     CARE BB-;      20      Assigned
                                                         Stable/CARE A4
Ashok Chauhan And Company             LT Bk Fac          CARE BB; Stable28      Assigned
Asm Castings Pvt Ltd                  LT BkFac           CARE B+; Stable107.5   Revised from
                                                                                CARE
                                                                                BB-;Stable
Asm Castings Pvt Ltd                  LT /ShortTerm Bk   CARE B+;       2.5     Revised from
                                      Fac                Stable /CARE A4        CARE BB-
                                                                                Stable/CARE A4
Basaragi Km Solar Power Project Llp   LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B
                                                                                Stable and
                                                                                Withdrawn
Bell Teleservices India Pvt Ltd       LT Bk Fac          CARE BB;       40      Assigned
                                                         Stable
Benktesh Synth Processors Pvt Ltd     LT Bk Fac          --             -       Withdrawn
Bhansali Jewellery House              LT BkFac           CARE BB-;      100
                                                         Stable
Cargo Motors Pvt Ltd                  LT Bk Fac          CARE B+;       10      Revised from
                                                         Stable                 CARE D
Chinar Forge Ltd                      LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE D and
                                                                                Withdrawn
Elson Packaging Industries Pvt Ltd    LT Bk Fac          CARE BB;       100     Reaffirmed
                                                         Stable
Flamingo Pharmaceuticals Ltd          LT Bk FacTL        CARE D         386.4   Revised from
                                                                                CARE D
Flamingo Pharmaceuticals Ltd          LT/ST Bk Fac-FB    CARE D/CARE D  540     Revised from
                                                                                CARE D
Hariman Seeds                         LT BkFac           CARE B; Stable 120     Revised from
                                                                                CARE B+;
                                                                                Stable
Hfcl Ltd                              LT Bk Fac          CARE A-;       5659.4  Reaffirmed
                                                         Negative
Hfcl Ltd                              LT Instrument NCD  CARE A-;       337.3   Reaffirmed
                                                         Negative
Inox Air Products Pvt Ltd             LT Instruments –   CARE AA;       3900    Reaffirmed
                                      NCD                Positive
Jawala Coke Pvt Ltd                   LT Bk Fac          CARE BB-;      65      Assigned
                                                         Stable
Knitcraft Apparels International Pvt  LT/STBk Fac        CARE BB;       350     Revised from
Ltd                                                      Stable /CARE A4        CARE BB+
                                                                                Stable/CARE A4+
Komal Buildcon Pvt Ltd                LT BkFac           -              -       Reaffirmed at
                                                                                CARE BB;
                                                                                Stable and
                                                                                withdrawn
Lsr Fab Pvt Ltd                       LT Bk Fac          -              -       Revised to
                                                                                CARE BB+;
                                                                                Stable and
                                                                                Withdrawn
Lsr Fab Pvt Ltd                       LT/ STBk Fac       -              -       Revised to
                                                                                CARE BB+;
                                                                                Stable/ CARE A4+
                                                                                from CARE BBB-
                                                                                Stable/ CARE A3
                                                                                and Withdrawn
Lsr Fab Pvt Ltd                       ST Bk Fac          -              -       Revised to
                                                                                CARE A4+
                                                                                fromCARE A3and 
                                                                                Withdrawn
Madamageri Solar Power Project Llp    LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B;
                                                                                Stable and
                                                                                Withdrawn
Nishapati Cold Storage Pvt Ltd        LT Bk Fac          CARE BB-;      70.4    Reaffirmed
                                                         Stable
Rajrajeshwar Cotton Industries        LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB-;
                                                                                Stable and
                                                                                withdrawn
Riddhi Print And Pack Pvt Ltd         LT Bk Fac          CARE D         162.3   Revised from
                                                                                CARE BB ;
                                                                                Stable
Right Tight Fastners Pvt Ltd          LT Bk Fac          CARE BBB;      1813    Reaffirmed
                                                         Negative
Right Tight Fastners Pvt Ltd          LT /ST Bk Fac      CARE BBB;      200     Reaffirmed
                                                         Negative/CARE
                                                         A3
Saanvi Associates                     LT Bk Fac          CARE D         80.4    Reaffirmed
Shivapur Solar Power Project Llp      LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B;
                                                                                Stable and
                                                                                Withdrawn
Shri Ramdev Cot Yarn Pvt Ltd          LT BkFac           CARE B+; Stable175     Revised from
                                                                                CARE BB-;
                                                                                Stable
Sjs Biotech International             LT Bk Fac          CARE B; Stable 126     Revised from
                                                                                CARE B+;
                                                                                Stable
Sjs Biotech International             LT/ST Bk Fac       CARE B;        5       Revised from
                                                         Stable/CARE A4         CARE B+;
                                                                                Stable/CARE A4
Star Track Fasteners Pvt Ltd          LT Bk Fac          CARE BB; Stable50      Assigned
Star Track Fasteners Pvt Ltd          LT/ ST BkFac       CARE BB;       15      Assigned
                                                         Stable/CARE A4
Supershine Abs Platers Pvt Ltd        LT BkFac           CARE B+; Stable138.5   Revised from
                                                                                CARE BB-;
                                                                                Stable
Vibrant Global Trading Pvt Ltd        LT Bk Fac (fund    CARE BB;       300     Revised from
                                      based)             Stable;                CARE BB+;
                                                                                Stable
Vidarbha Cotton Processors            LT BkFac           CARE B+; Stable87.4    Revised from
                                                                                CARE BB-;
                                                                                Stable
Vijayant Agencies Pvt Ltd             LT BkFac           CARE B; Stable 100     Revised from
                                                                                CARE B+;Stable
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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