January 31, 2018 / 7:17 AM / 3 months ago

CARE ratings for Indian debt instruments-Jan 31

    Jan 31 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 30, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bhagawati Estate Warehouse            ST Bk Fac          CARE A4        21      Reaffirmed
 (Ashoknagar)
Bscpl Infrastructure Ltd              ST Bk Fac          CARE A4        700     Revised from
                                                                                CARE D
(reduced from 80.00 Crore)
Cheran Weaves India Pvt Ltd           ST Bk Fac          CARE A4        2.8     Reaffirmed
Electroteknica Switchgears Pvt Ltd    ST Bk Fac          CARE A4        50      Assigned
Genus Paper & Boards Ltd              ST Bk Fac          -              -       Withdrawn
Indian Farmers Fertilizer Cooperative ST Bk Fac          CARE A1+       225000  Reaffirmed
Ltd
Inframat Alloys Pvt Ltd               ST Bk Fac#         -              -       Withdrawn
#Short term rating is withdrawn as the facility is not renewed by the bank
Jm Financial Ltd                      CP                 CARE A1+       20000   Reaffirmed
(Enhanced from Rs.1,000 crore Crore)
Kabadi Shankarsa And Company          ST Bk Fac          CARE A4+       140     Assigned
Liberty House Group Pte Ltd           Proposed ST Bk Fac CARE A1        -       Assigned
                                      (Non-Fund based)
Ludhiana Steel Rolling Mills          ST Bk Fac          -              -       Withdrawn
Manjushree Tea & India Pvt Ltd        ST Bk Fac          CARE A4        2       -
ISSUER NOT COOPERATING
Mcsr Constructions                    ST Bk Fac          CARE A4+       80      Assigned
Mor Transformers And Cables Pvt Ltd   ST Bk Fac Total    -              -       Withdrawn
                                      Fac
Network18 Media & Investments Ltd     CP (Standalone)    CARE A1+       15000   Reaffirmed
(enhanced from Rs. 1,000 crore Crore)
Paramount Tradecom Pvt Ltd            ST Bk Fac          CARE A4        30      Assigned
Prime Star                            ST Bk Fac          CARE A4        100     Reaffirmed
Puspa Agencies Pvt Ltd                ST Bk Fac          CARE A4        30      Assigned
Raymond Luxury Cottons Ltd            ST Bk Fac          CARE A1        1120    Reaffirmed
[enhanced from 80.00CRS]
Satya Prakash Builders Ltd            ST Bk Fac          CARE A4        50      Reaffirmed
Scg Exports Pvt Ltd                   ST Bk Fac          CARE A4+       3400    Reaffirmed
Shiv Mahal Textiles Pvt Ltd           ST Bk Fac          CARE A4        15
ISSUER NOT COOPERATING
Shiv Prasad Eco Touchwood Pvt Ltd     ST Bk Fac          CARE A4        350     Reaffirmed
Shiv Prasad Enterprises               ST Bk Fac          CARE A4        360     Reaffirmed
Shree Shankar Vijay Timber Exports PvtST Bk Fac          CARE A4        2.2     Reaffirmed
Ltd
Som Shiva (Impex) Ltd                 ST Bk Fac          CARE A3        5       Reaffirmed
Tv18 Broadcast Ltd                    CP(Standalone)     CARE A1+       6000    Reaffirmed
(enhanced from Rs. 400 crore)
Zenith Engineering Corporation        ST Bk Fac          CARE A4 +      60      Assigned

LONG TERM RATINGS:
-------------------
Alfa Trust March 2016-(Originator: IkfSeries A PTCs      -              -       Withdrawn
Finance Ltd)
Ashutosh Chawal Udyog                 LT Bk Fac          CARE BB-       80      Revised from
                                                                                CARE B+
Bhagawati Estate Warehouse            LT Bk Fac          CARE B+        33.2    Reaffirmed
 (Ashoknagar)
Bhagawati Frontline Motorizer Pvt Ltd LT Bk Fac          CARE B+        120     Assigned
Blp Wind Project (Amberi) Pvt Ltd     LT Bk Fac          CARE BBB+      785.8   Reaffirmed
(reduced from Rs.87.83 crore Crore)
Bscpl Infrastructure Ltd              LT Bk Fac          CARE B+        6900    Revised from
                                                                                CARE D
(reduced from 872.49 Crore)
Bscpl Infrastructure Ltd              LT/ST Bk Fac       CARE B+/A4     24935.8 Revised from
                                                                                CARE D
(reduced from 2611.58 Crore)
Cheran Weaves India Pvt Ltd           LT Bk Fac          CARE BB        77.6    Reaffirmed
(reduced from 9.33 Crore)
Continental Corrugators Pvt Ltd       LT Bk Fac          CARE B+        112     Assigned
Csl Finance Ltd                       LT Bk Fac          CARE BBB       1200    Reaffirmed
Electroteknica Switchgears Pvt Ltd    LT Bk Fac          CARE B+        15      Assigned
Etawah-Chakeri (Kanpur) Highway Pvt LtLT Bk Fac          CARE BB        15265.6 Revised from
                                                                                CARE D
(reduced from 1,544.72 Crore)
Genus Paper & Boards Ltd              LT Bk Fac          -              -       Withdrawn
Grs Engineering Pvt Ltd               LT Bk Fac          CARE B+        60      Assigned
Indian Farmers Fertilizer Cooperative LT Bk Fac          CARE AA        55000   Reaffirmed
Ltd
Inframat Alloys Pvt Ltd               LT BkFac           CARE BB+       121     Revised from
                                                                                CARE BB+
Jm Financial & Investment Consultancy CP Issue (IPO      -              -       Withdrawn
Services Pvt Ltd                      Financing)
Jm Financial Capital Ltd              CP Issue (IPO      -              -       Withdrawn
                                      Financing)
Jm Financial Products Ltd             CP Issue (IPO      -              -       Withdrawn
                                      Financing)
Jm Financial Properties And Holdings  CP (for IPO        -              -       Withdrawn
Ltd                                   financing)
Kabadi Shankarsa And Company          LT Bk Fac          CARE BB+       102     Assigned
Liberty House Group Pte Ltd           Proposed LT BkFac  CARE A         -       Assigned
                                      (Fund based)
Ludhiana Steel Rolling Mills          LT Bk Fac          -              -       Withdrawn
Mace Ifmr Capital 2017-(Originator:   Series A PTCs      -              -       Withdrawn
Arohan Financial Services Pvt Ltd)

Manjushree Tea & India Pvt Ltd        LT Bk Fac          CARE B+        59.5    -
ISSUER NOT COOPERATING
Mcsr Constructions                    LT Bk Fac          CARE BB        30      Assigned
Mor Transformers And Cables Pvt Ltd   LT Bk Fac          -              -       Withdrawn
Neeli Aqua Pvt Ltd                    LT Bk Fac          CARE B+        104.3   Assigned
Neeli Aqua Pvt Ltd                    LT/ST Bk Fac       CARE B+        70      Assigned
Network18 Media & Investments Ltd     Long/ST Bk Fac     CARE AAA/A1+   10000   Reaffirmed
Ostro Andhra Wind Pvt Ltd             LT Bk Fac (TL)     CARE BBB       5809    Revised from
                                                                                CARE BBB-
(reduced from 586.43 Crore)
Ostro Andhra Wind Pvt Ltd             LT Bk Fac (CC)     CARE BBB       300     Assigned
Ostro Ap Wind Pvt Ltd                 LT Bk Fac (TL)     CARE BBB       6003.6  Revised from
                                                                                CARE BBB-
(reduced from 609.27 Crore)
Ostro Ap Wind Pvt Ltd                 LT Bk Fac (CC)     CARE BBB       300     Assigned
Paramount Tradecom Pvt Ltd            LT Bk Fac          CARE B         30      Assigned
Pegma Resources Pvt Ltd               LT Bk Fac          CARE BB-       57.3
ISSUER NOT COOPERATING
Pegma Resources Pvt Ltd               LT/Shortterm Bk    CARE BB-/A4    115
                                      Fac
ISSUER NOT COOPERATING
Puspa Agencies Pvt Ltd                LT Bk Fac          CARE BB-       170     Assigned
Raymond Luxury Cottons Ltd            LT Bk Fac          CARE A-        3349.3  Reaffirmed
[reduced from 338.32CRS]
Sadbhav Nainital Highway Pvt Ltd      LT Bk Fac          CARE A         3150    Assigned
Sadbhav Udaipur Highway Pvt Ltd       LT Bk Fac – TL     CARE A-        4270    Assigned
Satya Prakash Builders Ltd            LT Bk Fac          CARE BB-       60      Reaffirmed
Shiv Mahal Textiles Pvt Ltd           LT Bk Fac          CARE BB-       172.7
ISSUER NOT COOPERATING
Shiv Prasad Enterprises               LT Bk Fac          CARE BB        13.5    Reaffirmed
Shree Shankar Vijay Timber Exports PvtLT / ST Bk Fac     CARE BB/A4     470     Reaffirmed
Ltd
Shri Laxmi Narayan Real Ispat Pvt Ltd LT BkFac           CARE B+        76.4    -
ISSUER NOT COOPERATING
Som Shiva (Impex) Ltd                 LT Bk Fac          CARE BBB-      166.9   Reaffirmed
(reduced from Rs.22.19 crore Crore)
Vediovis Ifmr Capital 2016            Series A PTCs      -              -       Withdrawn
-(Originator: Varam Capital Pvt Ltd)
Vinayak Cars Pvt Ltd                  LT Bk Fac          CARE BB-       100     Assigned
Zenith Engineering Corporation        LT Bk Fac          CARE BB+       52      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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