January 5, 2018 / 10:35 AM / 13 days ago

CARE ratings for Indian debt instruments-Jan 5

    Jan 5 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 4, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Advent Envirocare Technology Pvt Ltd  ST Bk Fac          CARE A3+       30      Assigned
Agri Best India Ltd                   ST Bk Fac          CARE A4        70      -
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
Amarsagar Seafoods Pvt Ltd            ST Bk Fac          CARE A4 +      185     Reaffirmed
Buddha Global Pvt Ltd                 ST Bk Fac          CARE A4        300     -
ISSUER NOTCOOPERATING
Cargo Motors Pvt Ltd                  ST Bk Fac          CARE A4+       775     Revised from
                                                                                CARE A3
Chengmari Tea Co. Ltd                 ST Bk Facility     CARE A4+       10      Reaffirmed
Chettinad Cement Corporation Pvt Ltd  ST Bk Fac          CARE A1+       1250    Reaffirmed
(Enhanced from Rs.76.50 crore Crore)
Divine Board Pvt Ltd                  ST Bk Fac          CARE A4        6.5     Issuer not
                                                                                cooperating;
                                                                                Based on best
available information
Evertogen Life Sciences Ltd           ST Bk Fac          CARE A4        218     -
ISSUER NOT COOPERATING
Eza Gold And Diamonds                 ST Bk Fac          CARE A4        75      Assigned
Gautam Exim Ltd                       ST Bk Fac          CARE A4        105     Assigned
H. R. Polycoats Pvt Ltd               ST Bk Fac          CARE A3        160.9   -
ISSUER NOT COOPERATING
Hillways Construction Company Pvt Ltd ST Bk Fac          CARE A3        885     Revised from
                                                                                CARE A2
ISSUER NOT COOPERATING
Integrated Thermoplastics Ltd         ST Bk Fac          CARE D         65      -
ISSUER NOT COOPERATING
Ia Hydro Energy Pvt Ltd               ST Bk Fac          CARE A4        50      Assigned
Iclean Hollow Metal Systems Pvt Ltd   ST Bk Fac@         CARE A2+ (SO)  40      Assigned
Jm Financial & Investment Consultancy CP (IPO Financing) CARE A1+       8000    Assigned
Services Pvt Ltd
Jm Financial Capital Ltd              CP (IPO Financing) CARE A1+       15000   Assigned
Jm Financial Products Ltd             CP (IPO Financing) CARE A1+       45000   Assigned
Jm Financial Properties And Holdings  CP (for IPO        CARE A1+       10000   Assigned
Ltd1                                  financing)
Jsw Power Trading Company Ltd.        ST Bk Fac          CARE A2+       2250    Reaffirmed
                                      (Non-Fund Based)
Kalapurna Steel & Engineering Pvt Ltd ST Bk Fac          CARE A4        251.5   Reaffirmed
Kathpal Solvex Pvt Ltd                ST Bk Fac          CARE A4        300     -
ISSUER NOTCOOPERATING
Krishna Ganga Spinning Mills Ltd      ST BkFac           CARE A4        33.5    -
ISSUER NOT COOPERATING
Liberty Shoes Ltd                     ST Bk Fac          CARE A2+       378     Reaffirmed
(enhanced from Rs.31 crore Crore)
Mangalam Drugs And Organics Ltd       ST Bk Fac          -              -       Withdrawn
M.B. Patil Constructions Pvt Ltd      ST Bk Fac (NonFund CARE A3+       550     Reaffirmed
                                      based –BG)
Maithan Ispat Ltd.                    ST Bk Fac          CARE A4(SO)    1314.8  -
ISSUER NOT COOPERATING
Maspack Industries                    ST Bk Fac          CARE A4        1.5     -
ISSUER NOT COOPERATING
Millenium Papers Pvt Ltd              ST Bk Fac          CARE A4+       65      Revised from
                                                                                CARE A4
Mm Forgings Ltd                       ST Bk Fac          CARE A1+       100     Reaffirmed
Multimetals Ltd                       ST Bk Fac          CARE A3+       400     Reaffirmed
N N Ispat Pvt Ltd                     ST Bk Fac          CARE A3        80      Reaffirmed
P. R. Rolling Mills Pvt Ltd           ST Bk Fac          CARE A2        100     Reaffirmed
Pallishree Ltd                        ST Bk Fac          CARE A2        4       Reaffirmed
Patil Construction And Infrastructure ST Bk Fac (NonFund CARE A3+       3090    Reaffirmed
Ltd                                   based –BG)
Petro Carbon & Chemicals Pvt Ltd      ST Bk Fac          CARE A3        690     Reaffirmed
(Enhanced from 46.00 Crore)
Pine Exporters Pvt Ltd                ST Bk Fac          CARE A4        45.9    -
ISSUER NOT COOPERATING
Pir Panchal Constructions Pvt Ltd     ST Bk Fac          CARE A4        50      Assigned
Prasur Electricals & Engineering Co.  ST Bk Facility     CARE A4        97.5    Assigned
Raic Integrated Sponge & Power Pvt LtdST Bk Fac          CARE A3 (A     105     Reaffirmed
                                                         Three)
Rajputana Industries Pvt Ltd          ST Bk Fac          CARE A4        80      Reaffirmed
Ravi Technoforge Pvt Ltd              ST Bk Fac          CARE A4+       35.8    Reaffirmed
Renew Power Ventures Pvt Ltd          CP                 CARE A1+       500     Assigned
Rishi Fibc Solutions Pvt Ltd          ST Bk Fac          CARE A1        150     Revised from
                                                                                CARE A2+
Saeco Strips Pvt Ltd                  ST BkFac           CARE A4        10      Reaffirmed ;
                                                                                Removed from
                                                                                noncooperation
Sentini Bioproducts Pvt Ltd           ST Bk Fac          CARE A3+       20      Assigned
Shanker Wood Pvt Ltd                  ST Bk Fac          CARE A4        120     Assigned
Shreeji Construction Company          ST BkFac           CARE A4        40      -
ISSUER NOT COOPERATING
Spectrum Filtration Pvt Ltd           ST Bk Fac          CARE A4+       6       Reaffirmed
Sreekanth Pipes Pvt Ltd               ST Bk Fac          CARE A4        80      -
ISSUER NOT COOPERATING
Sumeru Microwave Communication Pvt LtdST Bk Fac          CARE A4        32.5    -
ISSUER NOT COOPERATING
Timco Steel Company                   ST Bk Fac          CARE A4        10      -
ISSUER NOT COOPERATING
Udupi Power Corporation Ltd.          ST Bk Fac          CARE A2        2130    Reaffirmed
Um Cables Ltd                         ST Bk Fac          CARE A3+       1000    Revised from
                                                                                CARE A2
Venkraft Paper Mills Pvt Ltd          ST Bk Fac          CARE A3        92      Reaffirmed
(enhanced from Rs. 0.75 crore Crore)
Youth Welfare Association             ST Bk Fac          CARE D         7.5     -
ISSUER NOT COOPERATING

MEDIUM TERM RATINGS:
-------------------
Unique Estates Development Co. Ltd.   Fixed Deposits     CARE AA-       370     Reaffirmed


LONG TERM RATINGS:
-------------------
Adani Bunkering Pvt. Ltd. (Erstwhile  LT / ST Bk Fac     CARE BBB+/A2   4500    Reaffirmed
Chemoil Adani Pvt. Ltd.)
Advent Envirocare Technology Pvt Ltd  LT Bk Fac          CARE BBB+      7.5     Reaffirmed
Advent Envirocare Technology Pvt Ltd  LT / STBk Fac      CARE BBB+/A3+  220     Reaffirmed
Agra Gwalior Pathways Pvt Ltd         LT Bk Fac          CARE BBB+ (SO) 2549.9  Reaffirmed
                                                                                (Part
                                                                                facilities
reclassified from Long-term/Short-term)
Agri Best India Ltd                   LT/ST Bk Fac       CARE B+/A4     100     -
ISSUER NOT COOPERATING
Aic Casting Pvt Ltd                   LT Bk Fac          CARE BB-       95      Reaffirmed
Aic Iron Industries Pvt Ltd           LT Bk Fac          CARE BBB-      143.7   Reaffirmed
Aic Steel Pvt Ltd                     LT Bk Fac          CARE BBB-      125     Reaffirmed
Al Fauz International                 LT/ ST BkFac       CARE BB+/A4+   150     Reaffirmed
Alaknanda Hydro Power Co. Ltd         LT Bk Fac          CARE D         21479.4 Reaffirmed
Allahabad Bypass Pathways Pvt Ltd     LT Bk Fac          CARE BBB+ (SO) 1158.9  Reaffirmed
Amarsagar Seafoods Pvt Ltd            LT Bk Fac          CARE BB+       61.4    Reaffirmed
Anandeshwar Rice Industries           LT Bk Fac          CARE B+        60      Assigned
Anjani Cotgin                         LT Bk Fac          CARE B+        70.2    -
ISSUER NOT COOPERATING
B.K. Roy Pvt. Ltd                     LT Bk Fac          CARE A-        250     Reaffirmed
(enhanced from Rs.19 Crore)
B.M. Enterprises                      LT Bk Fac          CARE B+        50      -
ISSUER NOT COOPERATING
Bansal Pathways Pvt Ltd               LT Bk Fac          CARE BBB       727.9   Reaffirmed
(Reduced from 80.20 Crore)
Batsons Textiles                      LT Bk Fac          CARE BB        93      Reaffirmed
ISSUER NOT COOPERATING
Bhagawati India Motorizer Pvt Ltd     LT BkFac           CARE B+        159.1   Reaffirmed
Birbhum Chemicals And Fertilisers Ltd LT Bk Fac          CARE A-        730     Reaffirmed
(enhanced from Rs.66 Crore)
Blueberry Industry                    LT Bk Facility     CARE B+        150     Assigned
Buddha Global Pvt Ltd                 LT Bk Fac          CARE BB+       80      -
ISSUER NOTCOOPERATING
Cargo Motors Pvt Ltd                  LT Bk Fac          CARE BB+       10      Revised from
                                                                                CARE BBB-
Chengmari Tea Co. Ltd                 LT Bk Facility     CARE BB+       204.4   Reaffirmed
Chettinad Cement Corporation Pvt Ltd  LT Bk Fac          CARE AA+       3600    Reaffirmed
(Reduced from Rs.408.5 crore Crore)
D.S. Drinks And Beverages Pvt Ltd     LT Bk Fac          CARE BB+       106.6   Reaffirmed
(Reduced from 12.66 Crore)
Divine Board Pvt Ltd                  LT Bk Fac          CARE B         30      Issuer not
                                                                                cooperating;
                                                                                Based on best
available information
Divine Board Pvt Ltd                  Long/ST Bk Fac     CARE B/A4      73.5    Issuer not
                                                                                cooperating;
                                                                                Based on best
available information
Eden Mumbai Solar Pvt Ltd             LT Bk Fac          CARE A+        163.5   Revised from
                                                                                CARE A-
(reduced from Rs.17.65 crore Crore)
Eden Renewable Ranji Pvt Ltd          LT Bk Fac          CARE A+        161.1   Revised from
                                                                                CARE A-
(reduced from Rs.17.94 crore Crore)
Eden Solar Energy Gurgaon Pvt Ltd     LT Bk Fac          CARE A+        161.2   Revised from
                                                                                CARE A-
(reduced from Rs.17.48 crore Crore)
Eden Solar Rajdhani Pvt Ltd           LT Bk Fac          CARE A+        149.7   Revised from
                                                                                CARE A-
(reduced from Rs.16.20 crore Crore)
Evertogen Life Sciences Ltd           LT Bk Fac          CARE BB        541.6   -
ISSUER NOT COOPERATING
Eza Gold And Diamonds                 LT Bk Fac          CARE B         60      Assigned
Gautam Exim Ltd                       LT Bk Fac          CARE BB        10      Assigned
Gautam Exim Ltd                       LT/ST Bk Fac       CARE BB/A4     275     Assigned
Gourav Poultries India Pvt Ltd        LT Bk Fac          CARE B-        102.9   Reaffirmed
H. R. Polycoats Pvt Ltd               LT Bk Fac          CARE BBB-      293.2   -
ISSUER NOT COOPERATING
Hazelo Lab Pvt Ltd                    LT Bk Fac          CARE BBB       200     Assigned
                                      (Proposed)
Hazelo Lab Pvt Ltd                    LT/ ST Non-Fund    CARE BBB/A3+   50      Assigned
                                      based Bk Fac
                                      (Proposed)
Hillways Construction Company Pvt Ltd LT Bk Fac          CARE BBB       165     Revised from
                                                                                CARE BBB+
ISSUER NOT COOPERATING
Hillways Hospitality Llp              LT BkFac           CARE BBB (SO)  200     Revised from
                                                                                CARE BBB+(SO)
ISSUER NOT COOPERATING
Ia Hydro Energy Pvt Ltd               LT Bk Fac          CARE BBB (SO)  3356.1  Assigned
Iclean Hollow Metal Systems Pvt Ltd   LT Bk Fac@         CARE A (SO)    80      Assigned
India Land Infrastructure Development LT Bk Fac          CARE A         204.7   Reaffirmed
Pvt Ltd
Integrated Thermoplastics Ltd         LT Bk Fac          CARE D         145     -
ISSUER NOT COOPERATING
Ircon International Ltd               LT/ ST Bk Fac      CARE AAA/A1+   65000   Reaffirmed
Jalaram Ginning And Pressing          LT Bk Fac          CARE BB-       64.1    Revised from
                                                                                CARE BB-
ISSUER NOT COOPERATING
Jay Somnath Paper Mill                LT Bk Facility     CARE B+        100.6   Revised from
                                                                                CARE B
(reduced from 10.50 Crore)
Jindal Power Ltd                      LT Bk Fac          CARE A-        32047.3 Reaffirmed
(reduced from 3,270.81 Crore)
Jindal Rail Infrastructure Ltd        LT Bk Fac (Fund    CARE BBB- (SO)*1708    Reaffirmed
                                      Based)
(reduced from 186.75 Crore)
Jindal Rail Infrastructure Ltd        LT / ST Bk Fac     CARE BBB-      1070    Reaffirmed
                                      (Non Fund Based)   (SO)/A3 (SO)
Jitf Urban Infrastructure Ltd         Long/ST Bk Fac     CARE BBB-      210     Final Rating@
                                      (BG)               (SO)/A3 (SO)
@CARE has received the executed corporate guarantee deed, pursuant to which the ratings have
been confirmed.
Jitf Urban Infrastructure Services LtdLong/ST Bk Fac     CARE BBB-/A3   1000    Assigned
                                      (BG)
Kalapurna Steel & Engineering Pvt Ltd LT Bk Fac          CARE BB        100     Revised from
                                                                                CARE BB+
Kanakadurga Finance Ltd               LT Bk Fac          CARE BBB       1028    Reaffirmed
Kanakadurga Finance Ltd               Proposed NCD issue CARE BBB       150     Assigned
Kathpal Solvex Pvt Ltd                LT Bk Fac          CARE B         1200    -
ISSUER NOTCOOPERATING
Kcc Buildcon Pvt Ltd                  FB- LT – CC        CARE BBB+      750     Revised from
                                                                                CARE BBB+
(enhanced from 50 Crore)
Kcc Buildcon Pvt Ltd                  Non-FB – LT / ST   CARE BBB+/A2   6500    Revised from
                                      BGs                                       CARE BBB+
(enhanced from 500 Crore)
Kcc Lateri Expressway Pvt Ltd         LT Bk Fac          CARE A-        885.3   Reaffirmed
(reduced from 107.48 Crore)
Khandwa Agroh Pathways Pvt Ltd        LT Bk Fac          CARE BBB+ (SO) 1519.8  Reaffirmed
(reduced from 152.41 Crore)
Krishna Ganga Spinning Mills Ltd      LT Bk Fac          CARE BB-       180     -
ISSUER NOT COOPERATING
Liberty Shoes Ltd                     LT Bk Fac          CARE A-        1448.4  Reaffirmed
(reduced from Rs.151.64 crore Crore)
M M Polymers Pvt Ltd                  LT Bk Fac          CARE BB-       96.3    Assigned
M.B. Patil Constructions Pvt Ltd      LT Bk Fac-Fund     CARE BBB+      252     Revised from
                                      Based                                     CARE BBB
Mahajan Engineering Works             LT Bk Fac          CARE BBB-      100     Reaffirmed
Maharashtra Feeds Pvt Ltd             LT BkFac           CARE BBB       37.2    Reaffirmed
Maharashtra Feeds Pvt Ltd             LT/STBk Fac        CARE BBB/A3+   500     Reaffirmed
Maithan Ispat Ltd.                    LT Bk Fac          CARE BB-(SO)   6519.5  -
ISSUER NOT COOPERATING
Mangalam Drugs And Organics Ltd       LT Bk Fac          -              -       Withdrawn
Mangalam Drugs And Organics Ltd       LT/ST BkFac        -              -       Withdrawn
Maspack Industries                    LT Bk Fac          CARE BB-       53.6    -
ISSUER NOT COOPERATING
Mbe Coal & Mineral Technologies India LT Bk Fac          CARE B+        185     Revised from
Pvt Ltd                                                                         CARE B
Mbe Coal & Mineral Technologies India Long/ST Bk Fac     CARE B+/A4     100     Revised from
Pvt Ltd                                                                         CARE B /CARE
                                                                                A4
Medha Energy Pvt Ltd                  LT Bk Fac          CARE A+        145.4   Revised from
                                                                                CARE A-
(reduced from Rs.15.65 crore Crore)
Mfl Securitisation Trust Xxxi         Second LossFacilityCARE A- (SO)   108     Revised from
                                                                                CARE BBB- (SO)
Mfl Securitisation Trust Xxxi         Series A1 PTC      CARE AAA (SO)  137.8   Revised from
                                                                                CARE AA (SO)
Mfl Securitisation Trust Xxxi         Series A2 PTC      CARE AAA (SO)  7.3     Revised from
                                                                                CARE AA (SO)
Mfl Securitisation Trust Xxxi         Liquidity Facility CARE AAA (SO)  14.2    Reaffirmed
Mhow Agroh Pathways Pvt Ltd           LT Bk Fac          CARE BBB+ (SO) 1387.3  Reaffirmed
Millenium Papers Pvt Ltd              LT Bk Fac          CARE BB+       68.2    Revised from
                                                                                CARE BB
Millenium Papers Pvt Ltd              LT/STBk Fac        CARE BB+/A4+   160     Revised from
                                                                                CARE BB /CARE
                                                                                A4
Mindcape International Education SocieLT Bk Fac          CARE B-        50.8    -
ISSUER NOT COOPERATING
Mm Forgings Ltd                       LT Bk Fac          CARE A+        2280    Reaffirmed
Mm Forgings Ltd                       LT/ ST BkFac       CARE A+/A1+    1470    Reaffirmed
Multimetals Ltd                       LT / ST Bk Fac     CARE BBB-/A3+  350     Reaffirmed
N N Ispat Pvt Ltd                     LT Bk Fac          CARE BBB-      306.4   Reaffirmed
Nagarjuna Fertilizers And Chemicals   LT BkFac           CARE D         14111.7 Reaffirmed
Ltd
Nagarjuna Fertilizers And Chemicals   Long/ST BkFac      CARE D         11811.1 Reaffirmed
Ltd
P. R. Rolling Mills Pvt Ltd           LT Bk Fac          CARE BBB+      320.4   Reaffirmed
Pallishree Ltd                        LT Bk Fac          CARE A-        776.5   Reaffirmed
(enhanced from Rs.67 Crore)
Panchsheel Buildtech Pvt Ltd          LT Bk Fac          CARE BB        2544.6  Reaffirmed
Panchsheel Buildtech Pvt Ltd          LT Instruments-    CARE BB        1390    Assigned
                                      NCDs- Proposed
Patil Construction And Infrastructure LT Bk Fac-Fund     CARE BBB+      1522.6  Revised from
Ltd                                   Based                                     CARE BBB
Petro Carbon & Chemicals Pvt Ltd      LT Bk Fac          CARE BBB-      200     Reaffirmed
Pine Exporters Pvt Ltd                LT Bk Fac          CARE B         35      -
ISSUER NOT COOPERATING
Pir Panchal Constructions Pvt Ltd     LT Bk Fac          CARE B+        10      Assigned
Plascom Industries Llp                LT Bk Fac          CARE BB+       183     Reaffirmed
Prasur Electricals & Engineering Co.  LT Bk Facility     CARE B+        52.5    Assigned
R.K. Wind Farms (Karur) Pvt Ltd       LT Bk Fac          CARE BB-       110     Assigned
Rahil Cold Storage Llp                LT Bk Fac          CARE B         32.5    -
ISSUER NOT COOPERATING
Raic Integrated Sponge & Power Pvt LtdLT Bk Fac          CARE BBB-      195     Reaffirmed
(reduced from Rs.15.01 Crore)
Rajputana Industries Pvt Ltd          LT Bk Fac          CARE BB        243.9   Reaffirmed
(enhanced from 20.90 Crore)
Rajputana Industries Pvt Ltd          LT/ST Bk Fac       CARE BB/A4     38.5    Reaffirmed
Ravi Technoforge Pvt Ltd              LT Bk Fac          CARE BB+       630.9   Reaffirmed
Ravi Technoforge Pvt Ltd              LT/ ST Bk Fac      CARE BB+/A4+   300     Reaffirmed
Raviraj Ginning Pressing And Oil      LT Bk Fac          CARE B+        150     Reaffirmed
Industries
Real Value Ventures Pvt Ltd           NCD                CARE B+        14029270-
CARE has sought confirmation from the Issuer on repayment and no confirmation on the same has
been received till date.
Real Value Ventures Pvt Ltd           NCD                CARE B+        140290  -
CARE has sought confirmation from the Issuer on repayment and no confirmation on the same has
been received till date.
Rishi Fibc Solutions Pvt Ltd          LT Bk Fac          CARE A         948.6   Reaffirmed
Rishi Ice & Cold Storage Pvt Ltd      LT Bk Fac          CARE B+        117.6   Reaffirmed
Robo Silicon Pvt Ltd                  LT Bk Fac          CARE BB        240     Reaffirmed
Saeco Strips Pvt Ltd                  LT BkFac           CARE B+        71.4    Revised from
                                                                                CARE B ;
                                                                                Removed from
non-cooperation
Sanjeev Auto Parts Manufacturers Pvt  LT BkFac           CARE A         581.7   Reaffirmed
Ltd
Sarla Exports Pvt Ltd                 LT Bk Fac          CARE BB        52.5    Assigned
Sentini Bioproducts Pvt Ltd           LT Bk Fac          CARE BBB       720     Assigned
Shanker Wood Pvt Ltd                  LT Bk Fac          CARE B+        30      Assigned
Shree Balkrishna Exports              LT Bk Fac          CARE BB+       205     Reaffirmed
Shree Jagdamba Rice Mills             LT BkFac           CARE B+        150     Reaffirmed
Shree Tirumala Agro Industries        LT Bk Fac          CARE B         60      Revised from
                                                                                CARE B+
Shreeji Construction Company          LT BkFac           CARE BB-       25      -
ISSUER NOT COOPERATING
Shubh Rice Exports Pvt Ltd            LT Bk Fac          CARE B+        143.5   -
ISSUER NOT COOPERATING
Shuru Stones Llp                      LT Bk Fac          CARE B         120     Assigned
Sintex Industries Ltd                 NCD (NCD)issue     CARE A-        5000    Issuer not
                                                                                cooperating;
                                                                                Revised from
CARE A; Stable (Single A; Outlook: Stable); On the basis of best availabl
ISSUER NOT COOPERATING
Skyworld Exim                         LT Bk Fac          CARE B+        255     Assigned
Slk Software Services Pvt Ltd         Issuer Rating#     CARE A+        -       Assigned
Spectrum Filtration Pvt Ltd           LT Bk Fac          CARE BB+       87.6    Reaffirmed
(Enhanced from 6.76 Crore)
Sreekanth Pipes Pvt Ltd               LT Bk Fac          CARE B         20      -
ISSUER NOT COOPERATING
Sri Sai Traders                       Long/ST Bk Fac     CARE BB-/A4    290     Reaffirmed
(enhanced from 20 Crore)
Srinivasa Edifice Pvt Ltd             LT BkFac           CARE BB+       150     -
ISSUER NOTCOOPERATING
Sumeru Microwave Communication Pvt LtdLT Bk Fac          CARE BB-       47.8    -
ISSUER NOT COOPERATING
Surya Manufacturing Pvt Ltd           LT BkFac           CARE BB-       240     Reaffirmed
Suryajyoti Spinning Mills Ltd         LT Bk Fac          CARE D         2567    -
ISSUER NOT COOPERATING
Suryajyoti Spinning Mills Ltd         ST Bk Fac          CARE D         523.2   -
ISSUER NOT COOPERATING
The Clearing Corporation Of India Ltd Non-Convertible    CARE AAA(RPS)  500     Reaffirmed
                                      Cumulative
                                      Redeemable PS Issue
Timco Steel Company                   LT Bk Fac          CARE BB        53.9    -
ISSUER NOT COOPERATING
Udupi Power Corporation Ltd.          LT Bk Fac          CARE BBB+      47748.6 Reaffirmed
Um Cables Ltd                         LT Bk Fac          CARE BBB+      499.4   Reaffirmed
(reduced from 60.01 Crore)
Unique Estates Development Co. Ltd.   LT Bk (TL)         CARE AA-       4250    Reaffirmed
(reduced from Rs.456.00 crore)
Unique Estates Development Co. Ltd.   LT Bk (Overdraft)  CARE AA-       500     Assigned
V.D. Motors Pvt Ltd                   LT Bk Fac          CARE B+        180     Assigned
Venkraft Paper Mills Pvt Ltd          LT Bk Fac          CARE BBB-      469.5   Reaffirmed
(enhanced from Rs. 45.84 crore Crore)
Youth Welfare Association             LT Bk Fac          CARE D         60.4    -
ISSUER NOT COOPERATING

--------------------------------------------------------------------------------------------
$: 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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