January 7, 2019 / 7:28 AM / 14 days ago

CARE ratings for Indian debt instruments-Jan 7

   Jan 7 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 4, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Alfa Ica (India) Ltd                  ST Bk Fac          CARE A3        3       Reaffirmed
Allanasons Pvt Ltd                    ST Bk Fac          CARE A1+       22000   Reaffirmed
Amit Mines Pvt Ltd                    ST Bk Fac          CARE A3        60      Revised from
                                                                                CARE A4

(Issuer Not Cooperative)
Anvil Cables Pvt Ltd                  ST Bk Fac          CARE A3        768.4   Reaffirmed
Arihant Fibres                        ST Bk Fac          CARE A4        0.8     Reaffirmed
B. R. Goyal Infrastructure Pvt Ltd    ST Bk Fac          CARE A3        72.8    Reaffirmed
Bhagawati Development Services Pvt LtdST Bk Fac          CARE A4        52.5    Reaffirmed
Btl Epc Ltd.                          ST Bk Fac (Non-    CARE A3        1433    Reaffirmed
                                      Fund based)
Century Textiles And Industries Ltd   CP (CP) issue      CARE A1+       22000   Reaffirmed
Chemical Process Piping Pvt Ltd       ST Non Fund Based  CARE A2        650     Reaffirmed
                                      Bk Fac
Deepak Fertilizers And Petrochemicals CP (CP) issue      CARE A1+       6000    Reaffirmed
Corporation Ltd
Dynamic Powertech Pvt Ltd             ST Bk Fac          CARE A4+       20      Reaffirmed
Embassy One Developers Pvt Ltd        ST Bk Fac          CARE A3        150     Reaffirmed
Indra Marshal Power Pvt Ltd           ST Bk Fac          CARE D         70      Revised from
                                                                                CARE A4
Hema Engineering Industries Ltd       ST Bk Fac          CARE A3+       680     Revised from
                                                                                CARE A3
Indiabulls Consumer Finance Ltd       CP                 CARE A1+       10000   Reaffirmed
(Erstwhile Ivl Finance Ltd)
Jash Engineering Ltd                  ST Bk Fac          CARE A2        55.6    Revised from
                                                                                CARE A2+
Jewel Consumer Care Pvt Ltd           ST Bk Fac          CARE A4+       70      Reaffirmed
Muralikrishna Infracon (B) Pvt Ltd    ST Bk Fac          CARE D         90      Revised from
                                                                                CARE A4+
Kashi Vishwanath Textile Mill Pvt Ltd ST Bk Fac          CARE A3        5       Reaffirmed
Ludlow Jute & Specialities Ltd        ST Bk Fac          CARE A2+       450     Reaffirmed
M G Threads                           ST Bk Fac          CARE A4        7       Reaffirmed
Madhav Industries                     ST Bk Fac          CARE A4+       20      Revised from
                                                                                CARE A4
Magic Ceramic                         ST Bk Fac          CARE A4        15      Reaffirmed
Medical Products Service              ST Bk Fac          -              -       Withdrawn
Manaksia Aluminium Co. Ltd            ST Bk Fac (Non     CARE A3+       1050    Reaffirmed
                                      Fund Based)
Manali Petrochemicals Ltd             ST Bk Fac          CARE A1        595.6   Placed on
                                                                                credit watch
                                                                                with developing 
                                                                                implications
MM Forgings Ltd                       ST Bk Fac          CARE A1+       100     Reaffirmed
Nand Trading Pvt Ltd                  ST Bk Fac          CARE A4        35      Reaffirmed
O.P. Jindal Global University         ST Bk Fac (Fund    CARE A3+       250     Reaffirmed
                                      Based)
Pab Organics Pvt Ltd                  ST Bk Fac          CARE A3        3.5     Reaffirmed
Paramount Automotives Pvt Ltd         ST Bk Fac          CARE A4        20      -
(Issuer Not Cooperative)
Patel Construction (Biaora) Pvt Ltd   ST Bk Fac          CARE A4        45      -
(Issuer Not Cooperative)
Pix Transmissions Ltd                 ST Bk Fac          CARE A2+       208.5   Reaffirmed
Premier Plastics                      ST Bk Fac          CARE A4        9       -
(Issuer Not Cooperative)
Purti Vanaspati Pvt Ltd               ST Bk Fac          CARE A3        1100    Reaffirmed
R. D. Exports                         ST Bk Fac          CARE A4        60      Reaffirmed
R. S. Software (India) Ltd            STBk Fac           CARE A2        5       Reaffirmed
Raymond Apparel Ltd                   ST Bk Fac          CARE A1+       300     Reaffirmed
Raymond Apparel Ltd                   Proposed CP*       CARE A1+       500     Reaffirmed
*Will be carved out of working capital limits
RBBR Infrastructure Pvt Ltd           ST Bk Fac          CARE A4        17.5    Assigned
RBM Industries                        Short – term Bk    CARE A3        17.5    Reaffirmed
                                      Fac
Rmc Gems India Ltd                    ST Bk Fac          CARE A3        510     Reaffirmed
Sam Industrial Enterprises Ltd        ST Bk Fac          CARE A4        25      -
(Issuer Not Cooperative)
Sequel Logistics Pvt Ltd              ST Bk Fac          CARE A2+       30      Revised from
                                                                                CARE A2
Shakti Yarn Pvt Ltd                   ST Bk Fac          CARE A4+       140     Assigned
Shree Shivam Attires Pvt Ltd          ST Bk Fac          CARE A3        16.5    Reaffirmed
Park Hospitals                        ST Bk Fac          -              -       Withdrawn
Shri Balaji Industrial Engineering LtdST Bk Fac          CARE A3        330     Reaffirmed
Silver Spark Apparels Ltd             ST Bk Fac          CARE A1        170     Reaffirmed
Soil And Enviro Industries Pvt Ltd    ST Bk Fac          CARE A4        37.5    Assigned
Sp Automobiles (Partnership)          ST Bk Fac          CARE A4        10      -
(Issuer Not Cooperative)
Standard Frozen Foods Export Pvt Ltd  ST Bk Fac          CARE A4        120     -
(Issuer Not Cooperative)
Super Iron Foundry                    ST Bk Fac          CARE A4+       80      -
(Issuer Not Cooperative)
Talbros Engineering Ltd               ST Bk Fac          CARE A2+       578     Reaffirmed
Tamil Nadu Newsprint And Papers Ltd   ST Bk Fac          CARE A1        15000   Reaffirmed
Telecommunications Consultants India LTD ST Bk Fac       CARE A1        10570   Reaffirmed
Ulka Sea Foods Pvt Ltd                ST Bk Fac          CARE A3        700     Reaffirmed
Vidya Metal Manufacturing Company Pvt ST Bk Fac          CARE A4        120     Reaffirmed
Ltd
Virendra & Company                    ST Bk Fac          CARE A3        399     Reaffirmed
Wfb Baird And Company India Pvt Ltd   ST Bk Fac          CARE A3+       1125    Reaffirmed
Wfb Baird And Company India Pvt Ltd   ST Bk Fac          CARE A3+       240     Reaffirmed
Zuberi Engineering Company            ST Bk Fac          CARE A4        50      Reaffirmed

LONG TERM RATINGS:
-------------------
Ace Construction                      LT Bk Fac          CARE B+        480     Assigned
Al Fauz International                 LT/ST Bk Fac       -              -       Withdrawn
Alfa Ica (India) Ltd                  LT Bk Fac/ ST Bk   CARE BBB;      120     Reaffirmed
                                      Fac                Stable /CARE A3
Amit Mines Pvt Ltd                    LT Bk Fac          CARE BBB-      350     Revised from
                                                                                CARE BB
(Issuer Not Cooperative)
Anvil Cables Pvt Ltd                  LT Bk Fac          CARE BBB       554.4   Reaffirmed
Arihant Fibres                        LT Bk Fac          CARE BB-       63.6    Reaffirmed
Artemis Auto India Pvt Ltd            LT Bk Fac          CARE BB        145     Assigned
B. R. Goyal Infrastructure Pvt Ltd    LT Bk Fac*         CARE BBB       330     Reaffirmed
*Long-term rating assigned to the term loan (Rs.3.80 crore) has been withdrawn 
on the basis of No Due Certificate received from the banker
B. R. Goyal Infrastructure Pvt Ltd    LT/STBk Fac        CARE BBB;      2100    Reaffirmed
                                                         Stable/CARE A3
Bhagawati Development Services Pvt LtdLT Bk Fac          CARE B+        30      Reaffirmed
Bhagawati Frontline Motorizer Pvt Ltd LT Bk Fac          CARE BB-       138     Revised from
                                                                                CARE B+
Bhagawati India Motorizer Pvt Ltd     LT Bk Fac          CARE BB-       152.4   Revised from
                                                                                CARE B+
BTL Epc Ltd.                          Long term Bk       CARE BBB       950     Reaffirmed
                                      Fac (Fund based)
BTL Epc Ltd.                          Long term Bk       CARE BBB       697.5   Reaffirmed
                                      Fac (Non-Fund
                                      based)
Calypso Ceramic Pvt Ltd               LT Bk Fac          CARE BB-       47      Assigned
Capital Trust Ltd                     LT Bk Fac          CARE BBB+      3000    Reaffirmed
Capital Trust Ltd                     NCDs               CARE BBB+      1500    Reaffirmed
Capital Trust Microfinance Pvt Ltd    LT Bk (Proposed)   CARE BBB+(SO)  500     Assigned
Cavendish Industries Ltd              LT Bk Fac          CARE A-(SO)*   20500   Reaffirmed
*The above ratings are based on the credit enhancement in the form of Parent 
Undertaking from JK Tyre & Industries Ltd to assist the borrower (CIL) in 
arranging/tying up funds for meeting the cash flow shortfall in operations
& its debt servicing obligations
Cavendish Industries Ltd              Long/Short Term    CARE           4000    Reaffirmed
                                      Bk Fac             A-(SO)*/CARE
                                                         A2+(SO)*
*The above ratings are based on the credit enhancement in the form of Parent 
Undertaking from JK Tyre & Industries Ltd to assist the borrower (CIL) in 
arranging/tying up funds for meeting the cash flow shortfall in operations
& its debt servicing obligations
Chemical Process Piping Pvt Ltd       LT Fund Based Bk   CARE BBB+      120     Reaffirmed
                                      Fac
City Rolling Mills Pvt Ltd            LT Bk Fac          CARE BB+       100     Reaffirmed
Creative Clothex                      LT Bk Fac          CARE B         41      -
(Issuer Not Cooperative)
Delhi Integrated Multi-Modal Transit  LT Bk Fac          CARE A         100     Reaffirmed
System Ltd
Delhi Integrated Multi-Modal Transit  LT/ ST Bk Fac      CARE A/CARE A1 150     Reaffirmed
System Ltd
Dhanlaxmi Bank Ltd                    Upper Tier II BondsCARE BB        275     Reaffirmed
Dhanlaxmi Bank Ltd                    Lower Tier II BondsCARE BB+       229*    Reaffirmed
* Outstanding amount is reduced as the bank has redeemed lower tier II bonds 
amounting to Rs.94.80 crore during the period from April 2018 to October 2018.
Dhanlaxmi Bank Ltd                    Tier II Bonds      CARE BB+       1500    Reaffirmed
                                      (BASEL III
                                      Compliant)Upper Tier II Bonds
Dynamic Powertech Pvt Ltd             LT Bk Fac          CARE BB+       1.9     Reaffirmed
Dynamic Powertech Pvt Ltd             LT/ST Bk Fac       CARE BB+/CARE  40      Reaffirmed
                                                         A4+
Embassy One Developers Pvt Ltd        LT Bk Fac          CARE BBB -     3950    Reaffirmed
Eurostar Diamonds (India) Pvt Ltd     Long/ST Bk Fac-    CARE BB+/CARE  1200    Revised from
                                      Fund Based         A4+                    CARE BBB
Gail (India) Ltd                      LT Bonds –         -              -       Withdrawn
                                      Proposed
Gail (India) Ltd                      LT Bonds – Series  CARE AAA       5000    Reaffirmed
                                      2015
Gail (India) Ltd                      Long / ST Bk Fac – CARE AAA/CARE  44500   Reaffirmed
                                      TL                 A1+
Gajraj Hotels Pvt Ltd                 LT Bk Fac          CARE D         180.3   -
(Issuer Not Cooperative)
Gravity Ferrous Pvt Ltd               LT Bk Fac – Fund   CARE BBB       100     Revised from
                                      Based                                     CARE BBB-
Gravity Ferrous Pvt Ltd               LT/ST Bk Fac- Fund CARE BBB/CARE  100     Revised from
                                      Based              A3                     CARE BBB-
Hansa Tubes Pvt Ltd                   LT Bk Fac          CARE BB+       479.5   Assigned
Hariom Traders                        LT Bk Fac          CARE B+        120     Revised from
                                                                                CARE B
(Issuer Not Cooperative)
Hema Engineering Industries Ltd       LT Bk Fac          CARE BBB       1923.6  Revised from
                                                                                CARE BBB
Indiabulls Consumer Finance Ltd       NCDs               CARE AA        30000   Reaffirmed
(Erstwhile Ivl Finance Ltd)
Indiabulls Consumer Finance Ltd       Proposed Public    CARE AA        30000   Reaffirmed
(Erstwhile Ivl Finance Ltd)           Issuance ofSecured
                                      Redeemable NCDs
Indiabulls Consumer Finance Ltd       Long & ST Bk Fac   CARE AA/CARE   52500   Reaffirmed
(Erstwhile Ivl Finance Ltd)                              A1+
Indigo Paints Pvt Ltd                 LT Bk Fac          CARE BBB       200.4   Assigned
Indigo Paints Pvt Ltd                 LT/ ST Bk Fac      CARE BBB/CARE  200     Revised from
                                                         A3+                    CARE BBB-
Indra Marshal Power Pvt Ltd           LT Bk Fac          CARE D         50      Revised from
                                                                                CARE C
Indrayani Sales Pvt Ltd               LT/ST Bk Fac       CARE B/CARE A4 150     Reaffirmed
Irb Hapur Moradabad Tollway Pvt Ltd   Proposed -LT Bk    CARE A+ (SO)   15410   Assigned
                                      Fac (TL)
Jash Engineering Ltd                  LT Bk Fac*         CARE A-        921.2   Reaffirmed
*Reclassified bank facilities of Rs.24.00 crore from Long-term / Short-term to Long-term.
Jash Engineering Ltd                  LT / ST Bk Fac*    CARE A-/CARE A2505     Revised from
                                                                                CARE A-
*Reclassified bank facilities of Rs.24.00 crore from Long-term / Short-term to Long-term.
Jewel Consumer Care Pvt Ltd           LT Bk Fac          CARE BB+       186.1   Revised from
                                                                                CARE BB+
Jewel Consumer Care Pvt Ltd           LT/ STBk Fac       CARE BB+/A4+   150     Revised from
                                                                                CARE BB+
Jodhani Papers Ltd                    LT Bk Fac          CARE BB        110     Revised from
                                                                                CARE B+
Kashi Vishwanath Textile Mill Pvt Ltd LT Bk Fac – TL     CARE BBB       124.6   Reaffirmed
Kashi Vishwanath Textile Mill Pvt Ltd LT Bk Fac – CC     CARE BBB       70      Reaffirmed
Kaushal Sharma                        LT Bk Fac          CARE BB-       150     Reaffirmed
Kcc Lateri Expressway Pvt Ltd         LT Bk Fac          CARE A-        799.4   Reaffirmed
L.C. Foods Ltd                        LT Bk Fac          CARE BB-       160     Assigned
L.C. Foods Ltd                        LT/ST Bk Fac       CARE BB-/CARE  10      Assigned
                                                         A4
Lucky Shikshan Sansthan               LT Bk Fac          CARE BB+       113.5   Revised from
                                                                                CARE BBB-
Ludlow Jute & Specialities Ltd        LT Bk Fac          CARE A-        200     Revised from
                                                                                CARE A
Ludlow Jute & Specialities Ltd        LT/STBk Fac        CARE A-/CARE   600     Revised from
                                                         A2+                    CARE A
M G Threads                           LT Bk Fac          CARE B+        157     Reaffirmed
M. C. Roller Flour Mills Pvt Ltd      LT Bk Fac          CARE B+        120     -
(Issuer Not Cooperative)
Madhav Industries                     LT Bk Fac          CARE BB+       113     Revised from
                                                                                CARE BB
Magic Ceramic                         LT Bk Fac          CARE BB-       102.8   Reaffirmed
Makers Laboratories Ltd               LT Bk Fac          CARE BBB+      125     Assigned
Manaksia Aluminium Co. Ltd            LT Bk Fac (TL)     -              -       Withdrawn
Manaksia Aluminium Co. Ltd            LT Bk Fac (Fund    CARE BBB       450     Reaffirmed
                                      Based)
Manali Petrochemicals Ltd             LT Bk Fac          CARE A-        404.4   Placed on
                                                                                credit watch
                                                                                with developing
                                                                                implications
Mangalore Sez Ltd                     Long termFac       CARE AA-       6720    Reaffirmed
Medica Hospitals Pvt Ltd              LT Bk Fac          CARE BBB       814.3   Reaffirmed
MM Forgings Ltd                       LT Bk Fac          CARE A+        6199.1  Rating
                                                                                reaffirmed
MM Forgings Ltd                       Longterm/STBk Fac  CARE A+/CARE   1820    Rating
                                                         A1+                    reaffirmed
Muralikrishna Infracon (B) Pvt Ltd    LT Bk Fac          CARE D         235     Revised from
                                                                                CARE BB+
Mytrah Aadhya Power Pvt Ltd           LT Bk Fac          CARE BBB       2755.4  Assigned
Nand Trading Pvt Ltd                  LT Bk Fac          CARE BB-       20      Reaffirmed
Nand Trading Pvt Ltd                  LT/STBk Fac        CARE BB-/CARE  57      Reaffirmed
                                                         A4
Narmada Fibres Llp                    LT Bk Fac          CARE B+        134.2   Reaffirmed
Natural Cotton Spinners Pvt Ltd       LT Bk Fac          CARE BB-       232     Reaffirmed
removed from (Issuer Not Cooperative)
O.P. Jindal Global University         LT Bk Fac (Fund    CARE BBB       3461.4  Reaffirmed
                                      Based)
O.P. Jindal Global University         LT / ST Bk Fac     CARE BBB       600     Reaffirmed
                                      (Fund Based)
Pab Organics Pvt Ltd                  LT Bk Fac          CARE BBB-      44      Reaffirmed
Pab Organics Pvt Ltd                  LT/ST Bk Fac       CARE BBB-/CARE 205     Reaffirmed
                                                         A3
Padmavati Pipes And Fittings Inc.     LT Bk Fac          CARE BBB-      22.3    Reaffirmed
Padmavati Pipes And Fittings Inc.     LT/ Short- term Bk CARE BBB-/CARE 125     Reaffirmed
                                      Fac                A3
Paramount Automotives Pvt Ltd         LT Bk Fac          CARE BB        115     -
(Issuer Not Cooperative)
Park Hospitals                        LT Bk Fac          CARE A-        450     Reaffirmed
Park Hospitals                        Long /ST Bk Fac    CARE A-/CARE   85      Reaffirmed
                                                         A2+
Patel Construction (Biaora) Pvt Ltd   LT Bk Fac          CARE B+        40      -
(Issuer Not Cooperative)
Pix Transmissions Ltd                 LT Bk Fac          CARE A-        337.3   Revised from
                                                                                CARE BBB+
Pix Transmissions Ltd                 LT/ST Bk Fac       CARE A-/CARE   600     Reclassified
                                                         A2+                    from LT to
                                                                                LT/ST LT 
                                                                                ratings
                                                                                revised 
                                                                                from
                                                                                CARE BBB+
Pix Transmissions Ltd                 LT/ST Bk Fac       CARE A-/CARE   200     Reclassified
                                                         A2+                    from ST to
                                                                                LT/ST LT 
                                                                                ratings
                                                                                revised 
                                                                                from
                                                                                CARE BBB+
Pooja Printers                        LT Bk Fac          CARE BB-       60      Assigned
Poornasai Agro Industries             LT Bk Fac          CARE B+        55      Assigned
Praja Mechanicals Pvt Ltd             LT Bk Fac          CARE B         20      Reaffirmed
Praja Mechanicals Pvt Ltd             LT / ST Bk Fac     CARE B/CARE A4 50      Reaffirmed
Premier Plastics                      LT Bk Fac          CARE B         121     -
(Issuer Not Cooperative)
Pure Diets India Ltd                  LT Bk Fac          CARE BB        80      Revised from
                                                                                CARE BB+
Purti Vanaspati Pvt Ltd               LT Bk Fac          CARE BBB-      100     Reaffirmed
R. Chem (Somanahalli) Pvt Ltd         LT Bk Fac          CARE BBB-      31.1    Reaffirmed
R. S. Software (India) Ltd            LTBk Fac           CARE BBB+      245     Reaffirmed
Ram Cotex                             LT Bk Fac          CARE B+        65      Reaffirmed
Raymond Apparel Ltd                   LT Bk Fac          CARE A+        1700    Reaffirmed
RBBR Infrastructure Pvt Ltd           LT Bk Fac          CARE BB-       112.5   Assigned
RBM Industries                        LT Bk Fac          CARE BBB-      156.9   Reaffirmed
Renew Wind Energy (Jath) Ltd          LT Instrument –    CARE AA+ (SO)  4000    Reaffirmed
                                      NonConvertible
                                      Debentures @
 @ backed by unconditional and irrevocable first loss partial guarantee from 
India Infrastructure Finance Company Ltd (IIFCL, rated ‘CARE AAA; Stable’) 
to the extent of (i) 26% of the outstanding principal amount until 
September 30, 2017 (ii) higher of 28% of the principal amount or Rs.60 crore 
for the period commencing on October 1, 2017 until the final redemption date,
provided that the guaranteed amount shall not exceed 50% of the outstanding 
principal amount at any time during guarantee term. 
Sadbhav Bangalore Highway Pvt Ltd     LT Bk Fac          CARE A         4840    Reaffirmed
Saki Auto Products Pvt Ltd            LT Bk Fac          CARE B+        71.3    Assigned
Sam Industrial Enterprises Ltd        LT Bk Fac          CARE B+        75      -
(Issuer Not Cooperative)
Saraf Real Infra Pvt Ltd              LT Bk Fac          CARE B+        72.4    -
(Issuer Not Cooperative)
Sequel Logistics Pvt Ltd              LT Bk Fac          CARE A-        120^    Revised from
                                                                                CARE BBB+
^rating assigned to o/s term loan of Rs.1.99 crore has been withdrawn since
 the entire amount has been repaid in full.
Sequel Logistics Pvt Ltd              LT/ ST Bk Fac      CARE A-/CARE   92.5    Revised from
                                                         A2+                    CARE BBB+
Shakti Yarn Pvt Ltd                   LT Bk Fac          CARE BB+       310     Revised from
                                                                                CARE BB+
Shankha Deep Exports Pvt Ltd          LT Bk Fac          CARE BB        200     -
(Issuer Not Cooperative)
Shivanshu Sintered Products Pvt Ltd   LT Bk Fac          CARE B+        140     -
(Issuer Not Cooperative)
Shob Shedgaon Phata-Mangrul Project PvProposed LT Bk Fac CARE BB+       310     Assigned
Ltd
Shree Ramkrishna Oil Industries       Long- term Bk Fac  CARE B+        95      Reaffirmed
Shree Shivam Attires Pvt Ltd          LT Bk Fac (TL)     CARE BBB-      124.4   Reaffirmed
Shree Shivam Attires Pvt Ltd          LT Bk Fac (CC)     CARE BBB-      360     Reaffirmed
Shri Balaji Industrial Engineering LtdLT Bk Fac          CARE BBB       200     Reaffirmed
Shri Balaji Industrial Engineering LtdLT/ST Bk Fac       CARE BBB/CARE  80      Reaffirmed
                                                         A3
Shri Ram Industries                   LT Bk Fac          CARE B         150     -
(Issuer Not Cooperative)
Silver Spark Apparels Ltd             LT Bk Fac          CARE A         644     Reaffirmed
Silver Spark Apparels Ltd             LT/ST Bk           CARE A/CARE A1 300     Reaffirmed
                                      Fac-Non-Fund Based
Softel Solutions Pvt Ltd              LT Bk Fac          CARE BB-       1.6     Assigned
Softel Solutions Pvt Ltd              LT/ Shortterm Bk   CARE BB-/CARE  178.4   Assigned
                                      Fac                A4
Soil And Enviro Industries Pvt Ltd    LT Bk Fac          CARE B+        70      Assigned
Soil And Enviro Industries Pvt Ltd    Long/ST Bk Fac     CARE B+/CARE A42.5     Assigned
Sp Automobiles (Partnership)          LT Bk Fac          CARE B         50      -
(Issuer Not Cooperative)
Spl Motors Pvt Ltd                    LT Bk Fac          CARE B+        150     -
(Issuer Not Cooperative)
Standard Frozen Foods Export Pvt Ltd  LT Bk Fac          CARE B         230     -
(Issuer Not Cooperative)
Super Iron Foundry                    LT Bk Fac          CARE BB+       120     -
(Issuer Not Cooperative)
Talbros Engineering Ltd               LT Bk Fac          CARE A-        196.1   Reaffirmed
Tamil Nadu Newsprint And Papers Ltd   LT Bk Fac          CARE A         17179.4 Reaffirmed
Tamil Nadu Newsprint And Papers Ltd   LT/ ST Bk Fac      CARE A/CARE A1 5500    Reaffirmed
Telecommunications Consultants India LLT Bk Fac          CARE A+        2560    Reaffirmed
The Madras Silks India Pvt Ltd        LT Bk Fac          CARE BBB-      2514.1  Revised from
                                                                                CARE BBB
The Madras Silks India Pvt Ltd        LT/Shortterm Bk    CARE BBB-/CARE 3520    Revised from
                                      Fac                A3                     CARE BBB
Tirupati Sugars Ltd.                  LT Bk Fac          CARE BBB-      2157    Reaffirmed
Toro Processors India Pvt Ltd         LT Bk Fac          CARE D         150     -
(Issuer Not Cooperative)
Ultra Denim Pvt Ltd                   LT Bk Fac          CARE BBB-      1019.3  Reaffirmed
Ultra Denim Pvt Ltd                   LT/STBk Fac        CARE BBB-/CARE 25      Reaffirmed
                                                         A3
Urjankur Shree Tatyasaheb Kore Warana LT Bk Fac          CARE BBB       1258.4  Revised from
Power Co. Ltd                                                                   CARE A-
Ushnish Agrotech Pvt Ltd              LT Bk Facility     CARE B+        70.3    Assigned
Veritas Finance Pvt Ltd               Non-Convertible    CARE BBB+      2000    Assigned
                                      Debenture-III
Veritas Finance Pvt Ltd               Non-Convertible    CARE BBB+      1000    Revised from
                                      Debenture-I                               CARE BBB
Veritas Finance Pvt Ltd               NCD-II             CARE BBB+      500     Revised from
                                                                                CARE BBB
Veritas Finance Pvt Ltd               Bk Fac-LT-TL       CARE BBB+      2000    Revised from
                                                                                CARE BBB
Vidya Metal Manufacturing Company Pvt LT Bk Fac          CARE BB        50      Revised from
Ltd                                                                             CARE BB-
Virendra & Company                    LT Bk Fac          CARE BBB-      60      Reaffirmed
Western Mp Infrastructure & Tolls Pvt Bk Fac LT - TL     CARE A+        7250    Reaffirmed
Ltd
Wfb Baird And Company India Pvt Ltd   LT Bk Fac          CARE BBB       77.6    Assigned
Wfb Baird And Company India Pvt Ltd   LT Bk Fac          CARE BBB       80      Reaffirmed
Wfb Baird And Company India Pvt Ltd   LT/ST Bk Fac       CARE BBB/CARE  125     Reaffirmed
                                                         A3+
Yashwant Dugdh Prakriya Ltd           LT Bk Fac          CARE B+        100     -
(Issuer Not Cooperative)
Zeal Metaliks Pvt Ltd                 LT Bk Fac          CARE BB        180     Re-affirmed
Zuberi Engineering Company            LT Bk Fac          CARE BB        80      Revised from
                                                                                CARE BB+
Zuberi Engineering Company            LT/STBk Fac        CARE BB/CARE A4900     Long-term
                                                                                rating
                                                                                revised
                                                                                from CARE BB+
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below