January 4, 2019 / 6:48 AM / 7 months ago

CARE ratings for Indian debt instruments-Jan 4

    Jan 4 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 3, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abhijeet Realtors And Infraventures   ST Bk Fac          CARE A4        30
Pvt Ltd
(Issuer Not Cooperating)
Aercomfort Pvt Ltd                    ST Bk Fac          CARE A4        52.5
(Issuer Not Cooperating)
Aic Iron Industries Pvt Ltd           ST Bk Fac          CARE A3        17.5    Reaffirmed
Aic Steel Pvt Ltd                     ST Bk Fac          CARE A3        8       Reaffirmed
Alpha Malts Pvt Ltd                   ST Bk Fac          CARE A3 (SO)   20      Reaffirmed
Ashcons Infrastructure Pvt Ltd        ST Bk Fac          CARE A4        50.3    Assigned
Automat Industries Pvt Ltd            ST BkFac           CARE A3+       20      Assigned
Automat Irrigation Pvt Ltd            ST BkFac           CARE A2        77      Assigned
Bajrang Wire Products (India) Pvt. LtdST Bk Fac          CARE A3        135.8   Reaffirmed
Bhinmal Contractors Property & Land   ST Bk Fac          CARE A4        50      Assigned
Developers Pvt Ltd
Brawn Globus Turnkey Solutions Pvt LtdST BkFac           CARE A4        60
(Issuer Not Cooperating)
Coimbatore Capital Ltd                ST Bk Fac          CARE A3        370     Reaffirmed
Crosslay Remedies Ltd                 ST Bk Fac          CARE A1#       100     Reaffirmed
Durgashakti Foods Pvt Ltd             ST Bk Fac          CARE A4        2.1
(Issuer Not Cooperating)
Eros Grand Resorts And Hotels Pvt Ltd ST Bk Fac          CARE A4+       79.9    Reaffirmed
Essencia Beverages Pvt Ltd            ST Bk Fac          CARE A3        10      Reaffirmed
Gna Axles Ltd                         ST Bk Fac          CARE A1        155     Reaffirmed
Igarashi Motors India Ltd             ST Bk Fac          CARE A1+       300     #
(reduced from 55.00 Crores)
Indus Projects Pvt Ltd                ST Bk Fac          CARE A3        160     Reaffirmed
Ion Healthcare Pvt Ltd                ST Bk Fac          CARE A4+       20      Revised from
                                                                                CARE A2
(Issuer Not Cooperating)
Jade Blue Lifestyle India Ltd         ST Bk Fac          CARE A2        70      Reaffirmed
K.H.T. Agencies Pvt Ltd               ST Bk Fac          CARE A4        370     Revised from
                                                                                CARE A4
Kiri And Company Logistics Pvt Ltd    ST Bk Fac          CARE A4        19      Assigned
Kkr India Financial Services Pvt Ltd  CP                 CARE A1+       3000    Reaffirmed
Mahendra Sponge And Power Ltd         ST BkFac           CARE A3        600     Reaffirmed
(enhanced from 40.00 Crores)
Mangalam Rice Mill Pvt. Ltd.          ST Bk Fac          CARE A4+       4.8     Assigned
Max Healthcare Institute Ltd          ST Bk Fac          CARE A1        7.6     Reaffirmed
Credit watch with developing implications
Mec Shot Blasting Equipments Pvt Ltd  ST Bk Fac          CARE D         65      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Megha Fibre Glass Industries Ltd      ST Bk Fac          CARE A3+       100     Reaffirmed
Naresh Singhal And Company            ST Bk Fac          CARE A4        55      Reaffirmed
National Bulk Handling Corporation PvtST BkFac           CARE A1+       1310    Reaffirmed
Ltd
(reduced from 147.50 Crores)
National Bulk Handling Corporation PvtCP*                CARE A1+       3500    Reaffirmed
Ltd
*Carved out of the sanctioned working capital limits of the company. 
Pennar Engineered Building Systems    ii. ST Bk Fac      CARE A1 (SO)   5       Reaffirmed
Ltd 
R. K. Exports (Karur) Pvt Ltd         ST Bk Fac          CARE A4        100     Revised from
                                                                                CARE A4+
(Enhanced from 7.00 Crores)
Ra Chem Pharma Ltd                    ST BkFac@          CARE A1+ (SO)  588.5   Reaffirmed
@ backed by the unconditional and irrevocable corporate guarantee provided by Micro Labs
Limited.
Raic Integrated Sponge Pvt Ltd        ST Bk Fac          CARE A3        95      Reaffirmed
Raiganj Agro Industries Pvt Ltd       ST Bk Fac          CARE A4        5.1     Assigned
Raychem Rpg Pvt Ltd                   CP (CP) issue*     CARE A1+       600     Reaffirmed
* Based on the undertaking from the company that the lower of drawing power of sanctioned fund
based working capital bank limits or sanctioned fund based working capital bank limits, to
remain unutilised to the extent of outstanding commercial paper.
Scott Edil Advance Research           ST Bk Fac          CARE A3+       42      Revised from
Laboratories And Education Ltd                                                  CARE A2
(Issuer Not Cooperating)
Scott Edil Pharmacia Ltd              ST Bk Fac          CARE A3+       250     Revised from
                                                                                CARE A2
(Issuer Not Cooperating)
Shivakriti International Ltd          ST Bk Fac          CARE A3        30      Reaffirmed
(enhanced from 2.00 Crores)
Shivam Motors Pvt Ltd                 ST Fac             CARE A4        160     Reaffirmed
(Enhanced from 4.00 Crores)
Shri Balaji Industrial Products Ltd   ST Bk Fac          CARE A3+       150     Reaffirmed
Shri Girija Smelters Ltd              ST Bk Fac          CARE A4        230
(Issuer Not Cooperating)
Simanchal Construction                ST Bk Fac          CARE A4        160     Reaffirmed
Smith Industrial Corporation Pvt Ltd  ST BkFac           CARE A3        15      Assigned
Specific Ceramics Ltd                 ST Bk Fac          CARE A3        23.5    Reaffirmed
Spectrum Dyes & Chemicals Pvt Ltd     ST BkFac           CARE A3+       116     Reaffirmed
(Enhanced from Rs.9.60 Crores)
Sree Mangayarkarasi Mills Pvt Ltd     ST Bk Fac          CARE A4        40.5    Reaffirmed
Strategic Outsourcing Services Pvt LtdST Bk Fac          CARE A4        55.9    Reaffirmed
Sunshine Glass Company Pvt Ltd        ST Bk Fac          CARE A3        53      Reaffirmed
Supertron Electronics Pvt. Ltd        ST Bk Fac          CARE A2+       1960    Reaffirmed
Tele Express                          ST Bk Fac          CARE A4        100     Reaffirmed
Theis Precision Steel (India) Pvt Ltd ST Bk Fac          CARE A3+       690     Reaffirmed
(enhanced from 10.00 Crores)
Transways Exim Pvt Ltd                ST Bk Fac          CARE A4+       4       Reaffirmed
Trineas Commerce Pvt Ltd              ST Bk Fac          CARE A3 (SO)   20      Reaffirmed
Ucal Fuel Systems Ltd                 ST Bk Fac          CARE A3+       850     Reaffirmed
(enhanced from 55.00 Crores)
V.K. Valves Pvt Ltd                   ST Bk Fac          CARE A4        30      Reaffirmed
Veerabhadra Minerals Pvt Ltd          ST Bk Fac          CARE A4        45      Assigned
Vishnu Cars Pvt Ltd                   ST Bk Fac          CARE A4+       672.5   Reaffirmed
(enhanced from 1.60 Crores)
Vishnu Cotton Mills Ltd               Short Term Fac     CARE A4+       61.1
                                      (Non Fund Based)
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A S Pharma Pvt Ltd                    LT BkFac           CARE BB        175     Reaffirmed
(enhanced from 13.50 Crores)
Aatulya Lifecare Pvt Ltd              LT Bk Fac          CARE D         52      Reaffirmed
Abhijeet Realtors And Infraventures   LT Bk Fac          CARE BB-       210
Pvt Ltd
(Issuer Not Cooperating)
Aercomfort Pvt Ltd                    LT Bk Fac          CARE B+        37.5
(Issuer Not Cooperating)
Aic Casting Pvt Ltd                   LT BkFac           CARE BB-       95      Reaffirmed
Aic Iron Industries Pvt Ltd           LT Bk Fac          CARE BBB-      137.3   Reaffirmed
Aic Steel Pvt Ltd                     LT Bk Fac          CARE BBB-      125     Reaffirmed
Alpha Malts Pvt Ltd                   LT Bk Fac          CARE BBB-(SO)  306.9   Reaffirmed
(reduced from 31.85 Crores)
Alps Hospital Ltd                     LT Bk Fac          CARE A         770     Reaffirmed#
(enhanced from Rs.34.00 Crores) 
Amish Dairy & Foods Pvt Ltd           LT Bk Fac          CARE B+        74.6    Assigned
Animesh Ispat Pvt Ltd                 LT BkFac           CARE BBB-      175     Reaffirmed
(enhanced from 12.50 Crores)
Anushree Sarees Pvt Ltd               LT/STBk Fac        CARE BB+/A4+   198     Revised from
                                                                                CARE BB /
                                                                                CARE A4
(enhanced from 15.00 Crores)
Arya Trust 2018 Originator: Fincare   Series A PTC       CARE A- (SO)   -       Assigned
Small Finance Bank Ltd
Ashcons Infrastructure Pvt Ltd        LT Bk Fac          CARE BB+       119.8   Assigned
Automat Industries Pvt Ltd            LT BkFac           CARE BBB       80      Assigned
Automat Irrigation Pvt Ltd            LT BkFac           CARE BBB+      643     Assigned
Bajrang Wire Products (India) Pvt. LtdLT Bk Fac          CARE BBB-      54.3    Reaffirmed
Bajrang Wire Products (India) Pvt. LtdLT/ ST BkFac       CARE BBB-/A3   350     Reaffirmed
Balaji Auto Pack                      Long- term Bk Fac  CARE B         55      Assigned
Balaji Medical And Diagnostics ResearcLT Bk Fac          CARE A         1423.6  Reaffirmed#
Centre
Balram Cotex                          LT Bk Fac          CARE B+        65      Reaffirmed
Basant City Centre Malls Pvt Ltd      LT Bk Fac          CARE B+        500     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Bhinmal Contractors Property & Land   LT Bk Fac          CARE B+        15      Assigned
Developers Pvt Ltd
Brawn Globus Turnkey Solutions Pvt LtdLT BkFac           CARE BB+       40
(Issuer Not Cooperating)
Brij Bhoomi Expressway Pvt Ltd        LT Bk Fac          CARE BBB       1285.9  Reaffirmed
(reduced from 137.74 Crores)
Crosslay Remedies Ltd                 LT Bk Fac          CARE A         2450    Reaffirmed#
(enhanced from Rs.144.14 Crores)
Devki Devi Foundation                 LT Bk Fac          CARE A         1264.8  Reaffirmed#
Durgashakti Foods Pvt Ltd             LT Bk Fac          CARE BB-       158.5   Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Eros Grand Resorts And Hotels Pvt Ltd LT Bk Fac          CARE BB+       0.2     Reaffirmed
Essencia Beverages Pvt Ltd            LT Bk Fac          CARE BBB-      100     Reaffirmed
Gna Axles Ltd                         LT Bk Fac          CARE A         2890.8  Reaffirmed
(enhanced from Rs. 139.08 Crores)
Gujarmal Modi Hospital And Research   LT Bk Fac          CARE A         150     Reaffirmed#
Centre For Medical Science
Hometrail Buildtech Pvt Ltd           LT Bk Fac          CARE A         621.1   Reaffirmed#
(enhanced from Rs.60.57 Crores)
Hometrail Estate Pvt Ltd              LT Bk Fac          CARE A         738     Reaffirmed
Igarashi Motors India Ltd             LT Bk Fac          CARE A+        525.8   #
(reduced from 67.29 Crores)
India Tv Interactive Media Pvt Ltd    LT Bk Fac          -              -       Withdrawn
Indian Machine Tool Manufacturers     LT Bk Fac          CARE BBB+      2143.3  Reaffirmed
Association
(enhanced from 165.21 Crores)
Indianoil Lng Pvt Ltd                 LT Compulsory      -              -       Withdrawn
                                      Convertible
                                      Debentures (CCD-I) **
** CARE has withdrawn the rating assigned to CCD-I issue with immediate effect, as CCD-I are
purchased by IOCL as per Put Option which was exercised by the investor.
Indianoil Lng Pvt Ltd                 LT Bk Fac          CARE A-        28770   Reaffirmed
Indianoil Lng Pvt Ltd                 LT Compulsory      CARE AAA (SO)  7870    Reaffirmed
                                      Convertible
                                      Debentures(CCD-II) *
*The rating is based on credit enhancement in form of irrevocable & unconditional undertaking
from Indian Oil Corporation Ltd (IOCL) for (a) funding Service Account with amount of interest
before/on due date and (b) buy-out of CCDs on exercise of put-option by investors 
Indus Projects Pvt Ltd                LT Bk Fac          CARE BBB-      105     Reaffirmed
(Enhanced from Rs. 5.50 Crores)
Ion Healthcare Pvt Ltd                LT Bk Fac          CARE BB+       122     Revised from
                                                                                CARE BBB+
(Issuer Not Cooperating)
Jade Blue Lifestyle India Ltd         LT Bk Fac          CARE A-        737.9   Revised from
                                                                                CARE A-
(reduced from Rs.79.38 Crores)
K. L. Ventures & Enterprises          LT Bk Fac          CARE D         50      Revised from
                                                                                CARE D
(Issuer Not Cooperating)
K.H.T. Agencies Pvt Ltd               LT BkFac           CARE B+        530.6   Revised from
                                                                                CARE BB-
Kamal Autofinance Ltd                 LT BkFac           CARE BBB-      950     Assigned
Kamla Rice And General Mills          LT BkFac           CARE BB-       98      Reaffirmed
Kanachur Islamic Education Trust      LT Bk Fac          CARE B         1400
(Issuer Not Cooperating)
Kcc Buildcon Pvt Ltd                  FB- LT –CC         CARE A-        750     Revised
                                                                                fromCARE BBB+
Kcc Buildcon Pvt Ltd                  Non-FB – LT/ ST    CARE A-/A2+    6500    Revised
                                      BkGuarantees                              fromCARE BBB+
                                                                                / CARE A2
Khanna Polyweave Pvt Ltd              LT Bk Fac          CARE D         150     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Kiri And Company Logistics Pvt Ltd    LT Bk Fac          CARE BB-       126.9   Assigned
Kosamattam Finance Ltd                NCD Issue– I       CARE BBB-      110.9   Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue– II      CARE BBB-      132.6   Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue – IV     CARE BBB-      195.1   Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue – V      CARE BBB-      389.4   Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue – VI     CARE BBB-      1709.3  Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue– VII     CARE BBB-      1542.8  Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                NCD Issue– VIII    CARE BBB-      1174.8  Revised from
                                                                                CARE BB+
Kosamattam Finance Ltd                Sub-ordinated debt CARE BBB-      250     Revised from
                                      – I                                       CARE BB
Kosamattam Finance Ltd                Sub-ordinated debt CARE BBB-      100     Revised from
                                      - II                                      CARE BB
Kosamattam Finance Ltd                Sub-ordinated debt CARE BBB-      300     Revised from
                                      – III                                     CARE BB
Kosamattam Finance Ltd                Sub-ordinated debt CARE BBB-      247.9   Revised from
                                                                                CARE BB
Krupanidhi Construction               LT Bk Fac          CARE B+        35      Reaffirmed
Krupanidhi Construction               LT/ ST Bk Fac      CARE B+/A4     23      Reaffirmed
Kunal Structure (India) Pvt Ltd       CP (CP) (Carved    -              -       Withdrawn
                                      out)
Mahendra Sponge And Power Ltd         LT BkFac           CARE BBB       611.6   Reaffirmed
(enhanced from 56.16 Crores)
Mahendra Sponge And Power Ltd         Long /ST Bk Fac    CARE BBB/A3    100     Reaffirmed
Manappuram Home Finance Ltd           LT Bk Fac          CARE AA-       750     Reaffirmed
Mangalam Rice Mill Pvt. Ltd.          LT Bk Fac          CARE BB        87.9    Assigned
Mathura Extractions                   LT Bk Fac          CARE BB        75      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Max Healthcare Institute Ltd          LT Bk Fac          CARE A         4403.8  Reaffirmed#
(enhanced from 344.82 Crores)
Mec Shot Blasting Equipments Pvt Ltd  LT/ST Bk Fac       CARE D/D       55      Revised from
                                                                                CARE B+/CARE
                                                                                A4
(Issuer Not Cooperating)
Megha Fibre Glass Industries Ltd      LT Bk Fac          CARE BBB+      20      Reaffirmed
Naresh Singhal And Company            LT Bk Fac          CARE B+        32.5    Reaffirmed
National Bulk Handling Corporation PvtLT Bk Fac          CARE A+        2466.3  Reaffirmed
Ltd
(enhanced from 211.95 Crores)
National Bulk Handling Corporation PvtLT / ST Bk Fac     CARE A+/A1+    5550    Reaffirmed
Ltd
(enhanced from 545.00 Crores)
Navayuga Engineering Co. Ltd          Proposed CP        -              -       Withdrawn
Oriental Hotels Ltd                   LT Bk Fac @        -              -       Withdrawn
@ The rating assigned to the long term bank facilities is withdrawn as the term loan has been
repaid in full and there is no amount outstanding as on date.
Oriental Hotels Ltd                   NCD (NCD) issue    CARE A+        2000    Reaffirmed
Oriental Nagpur Bye Pass Construction LT Bk Fac          CARE BB        10095.1 Reaffirmed
Pvt Ltd
(enhanced from 843.89 Crores)
Patliputra Equipments Pvt Ltd         LT Bk Fac          CARE BBB-      170     Reaffirmed
Pennar Engineered Building Systems Ltdi. LT Bk Fac       CARE A (SO)    750     Reaffirmed
Pennar Engineered Building Systems Ltdiii. LT/ST Bk Fac  CARE A (SO)/A1 2300    Reaffirmed
                                                         (SO)
Pennar Engineered Building Systems Ltdiv. LT/ST Bk Fac   CARE A (SO)/A1 200     Final Rating
                                                         (SO)
Pennar Renewables Pvt Ltd             LT Bk Fac          -              -       Withdrawn
Pushkar Properties Pvt Ltd            LT Bk Fac          CARE BB+       50      Assigned
R. K. Exports (Karur) Pvt Ltd         LT Bk Fac          CARE BB-       174.1   Revised from
                                                                                CARE BB+
(Reduced from 20.46 Crores)
Ra Chem Pharma Ltd                    LT BkFac@          CARE AA- (SO)  1246.3  Reaffirmed
(Reduced From Rs. 133.06 Crores)/@ backed by the unconditional and irrevocable corporate
guarantee provided by Micro Labs Limited.
Rai Bahadur Narain Singh Sugar Mills  LT Bk Fac          CARE BB+       2000    Reaffirmed
Ltd.
(enhanced from Rs. 188.00 Crores)
Raic Integrated Sponge Pvt Ltd        LT Bk Fac          CARE BBB-      495     Reaffirmed
Raiganj Agro Industries Pvt Ltd       LT Bk Fac          CARE BB        94.9    Assigned
Ramani Icecream Co. Ltd               LT Bk Fac          CARE BBB+      940     Reaffirmed
(enhanced from Rs.66.50 Crores)
Ramco Extrusion Pvt Ltd               LT Bk Fac          -              0       Withdrawn
Ramco Extrusion Pvt Ltd               LT Bk Fac          CARE B+        100     Reaffirmed
Ramco Extrusion Pvt Ltd               Proposed LT BkFac  CARE B+        203.5   Reaffirmed
(Enhanced from Rs. 2.75 Crores)
Raychem Rpg Pvt Ltd                   LT/ST BkFac (FBL)  CARE AA/A1+    3250    Reaffirmed
Raychem Rpg Pvt Ltd                   LT/ST Bk Fac       CARE AA/A1+    2500    Reaffirmed
                                      (non-FBL)
Real Value Ventures Pvt Ltd           NCD                CARE B+        1400
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        290
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        270
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        160
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        1400
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        290
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        270
(Issuer Not Cooperating)
Real Value Ventures Pvt Ltd           NCD                CARE B+        160
(Issuer Not Cooperating)
Regalia Jewels Pvt Ltd                LT BkFac           CARE B         65
(Issuer Not Cooperating)
Renew Wind Energy (Tn2) Pvt Ltd       LT Bk Fac          CARE A         2750    Assigned
Rosepetal Trust Sep 2018 (Originator: Series A PTC       CARE A- (SO)   0       Assigned
Fincare Small Finance Bank Ltd)
S M Industries                        LT Bk Fac          -              -       Withdrawn
Saha Infratech Pvt. Ltd.              NCDs               CARE D         1600    Revised from
                                                                                CARE B+
Sakar Industries Pvt Ltd              Long/STBk Fac      CARE BB+/A4+   460     Revised from
                                                                                CARE BB /
                                                                                CARE A4
Saket City Hospital Pvt Ltd           LT Bk Fac          CARE A         3013.6  Reaffirmed#
(enhanced from Rs.285.44 Crores)
Scott Edil Advance Research           LT Bk Fac          CARE BBB       329.1   Revised from
Laboratories And Education Ltd                                                  CARE BBB+
(Issuer Not Cooperating)
Scott Edil Pharmacia Ltd              LT Bk Fac          CARE BBB       500     Revised from
                                                                                CARE BBB+
(Issuer Not Cooperating)
Shillong Ispat And Rolling Mills      LT Bk Fac          CARE BB        75      Assigned
Shiv Health Foods Llp                 LT Bk Fac          CARE BBB       366.2   Reaffirmed
Shiv Health Foods Llp                 LT/ST Bk Fac       CARE BBB/A3+   200     Reaffirmed
Shiva Satya Hotels Pvt Ltd            LT Bk Fac          CARE BBB       78.9    Revised from
                                                                                CARE BBB-
(reduced from Rs. 24.46 Crores)
Shivakriti International Ltd          LT Bk Fac          CARE BBB-      280     Reaffirmed
(enhanced from 23.00 Crores)
Shivakriti International Ltd          LT/ST BkFac        CARE BBB-/A3   1290    Reaffirmed
(enhanced from 105.00 Crores)
Shivam Motors Pvt Ltd                 LT Fac             CARE BB        650     Reaffirmed
Shree Tirupati Balajee Industries Pvt LT BkFac           CARE BB        179     Assigned
Ltd
Shri Balaji Industrial Products Ltd   LT Bk Fac          CARE BBB       696.6   Reaffirmed
Shri Balaji Industrial Products Ltd   LT/ST BkFac        CARE BBB/A3+   610     Reaffirmed
Shri Girija Smelters Ltd              LT Bk Fac          CARE BB-       40
(Issuer Not Cooperating)
Simanchal Construction                LT Bk Fac          CARE BB-       30      Reaffirmed
Sjs Biotech International             LT Bk Fac          CARE B+        126     Reaffirmed
(Enhanced from 11.97 Crores)
Sjs Biotech International             Long/ST Bk Fac     CARE B+/A4     5       Reaffirmed
Smith Industrial Corporation Pvt Ltd  LT BkFac           CARE           85      Assigned
                                                         BBB-
Soham Cold Storage And Chilling PlantsLT Bk Fac          CARE B+        50.6    Reaffirmed
Specific Ceramics Ltd                 LT Bk Fac          CARE BBB-      131.3   Reaffirmed
(reduced from 16.10 Crores)
Specific Ceramics Ltd                 LT /ST Bk Fac      CARE BBB-/A3   21.5    Reaffirmed
Spectrum Dyes & Chemicals Pvt Ltd     LT BkFac           CARE BBB+      1758.1  Reaffirmed
(Enhanced from Rs.65.23 Crores)
Spectrum Dyes & Chemicals Pvt Ltd     Long/STBk Fac      CARE BBB+/A3+  1450    Reaffirmed
(Enhanced from Rs.120.00 Crores)
Sree Mangayarkarasi Mills Pvt Ltd     LT Bk Fac          CARE B+        74      Reaffirmed
(reduced from 7.75 Crores)
Strategic Outsourcing Services Pvt LtdLT Bk Fac          CARE BB        49.5    Reaffirmed
(Reduced from 12.41 Crores)
Sunshine Glass Company Pvt Ltd        LT Bk Fac          CARE BBB-      214     Reaffirmed
(reduced from Rs.22.80 Crores)
Supertron Electronics Pvt. Ltd        LT Bk Fac          CARE A-        3200    Reaffirmed
Talettutayi Solar Projects One Pvt LtdLT Bk Fac          CARE BBB       1653.2  Revised from
                                                                                CARE BBB-
Tele Express                          LT Bk Fac          CARE BB        50      Revised from
                                                                                CARE BB-
Theis Precision Steel (India) Pvt Ltd LT Bk Fac          CARE BBB       110     Reaffirmed
Transways Exim Pvt Ltd                LT Bk Fac          CARE BB+       194     Reaffirmed
Trineas Commerce Pvt Ltd              LT Bk Fac          CARE BBB-(SO)  180     Reaffirmed
Tulip Tea Co. Ltd                     LT Fund Based(CC)  CARE BB-       90      Reaffirmed
Ucal Fuel Systems Ltd                 LT Bk Fac          CARE BBB+      1172    Revised from
                                                                                CARE BBB
(reduced from 143.15 Crores)
V.K. Valves Pvt Ltd                   LT Bk Fac          CARE BB-       40      Reaffirmed
(enhanced from Rs. 3.50 Crores)
Vasishta Constructions Pvt Ltd        Long term Bk Fac   CARE BBB+      393.1   Reaffirmed
(enhanced from 33.20 Crores)
Vasishta Constructions Pvt Ltd        LT/ST Bk Fac       CARE BBB+/A3+  1980    Reaffirmed
(enhanced from 145.00 Crores)
Veerabhadra Minerals Pvt Ltd          LT Bk Fac          CARE BB        30      Assigned
Vindhyachal Expressway Pvt Ltd        LT Bk Fac          CARE BBB       4981.5  Reaffirmed
(reduced from 510.76 Crores)
Vintage Home Fashions                 LT Bk Fac          CARE D         57.5    Reaffirmed
removal from (Issuer Not Cooperating)
Vishnu Cars Pvt Ltd                   LT Bk Fac          CARE BB+       230.3   Reaffirmed
(enhanced from Rs.17.03 Crores)
Vishnu Cotton Mills Ltd               Long Term Fac      CARE BB+       90
                                      (Fund Based)
(Issuer Not Cooperating)
Vishnu Cotton Mills Ltd               LT Facility (TL)   CARE BB+       19.3
(Issuer Not Cooperating)
Wainganga Expressway Pvt Ltd          LT Bk Fac          CARE BBB       3103.3  Reaffirmed
(reduced from 322.17 Crores)
Windsor Exports                       LT Bk Fac          CARE BB+       261.2   Revised from
                                                                                CARE BBB-
--------------------------------------------------------------------------------------------
$: 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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