July 1, 2019 / 8:12 AM / 2 months ago

CARE ratings for Indian debt instruments-Jul 1

    Jul 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 28 and 29 2019.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amar Polyfils Pvt Ltd                 ST Bk Fac          -              -       Withdrawn
Almadina Steel                        ST Bk Fac          CARE A4        23.5    -
Issuer not cooperating Based on best available information
Amanta Healthcare Ltd                 ST Bk Fac          CARE A4+       135.5   Revised from
                                                                                CARE A3

Ashok Leyland Ltd                     CP                 CARE A1+       20000   Reaffirmed
Banglore Polycotters Pvt Ltd          ST Bk Fac          CARE A4        40      -
Issuer Not Cooperating;Based on best available information
C. J. Corporation                     ST Bk Fac (Non     CARE D         110     -
                                      Fund Based)
Issuer Not Cooperating;Based on best available information
Cox And Kings Ltd                     CP Issue (carved   CARE A4        16850   Revised from
                                      out)*                                     CARE A1+
Dewan Chand                           ST BkFac           CARE A4        70      -
Issuer Not Cooperating; on the basis of best availableinformation
Divyajyoti Agritech Pvt Ltd           ST Bk Fac          CARE A4        55      Assigned
Essel Infraprojects Ltd               ST Bk Fac          CARE A4        1460    -
Issuer Not Cooperating ,removed from Credit watch on the basis of best available information
G. M. Dalui And Sons Pvt Ltd          ST BkFac           CARE A4        130     Assigned
Gharpure Engineering And Construction ST Bk Fac          CARE A4        2000    Revised from
Pvt Ltd                                                                         CARE A3
Issuer Not Cooperating; on the basis of best availableinformation
Feris Spintex Pvt Ltd                 ST Bk Fac          -              -       Withdrawn
Elec Steel Processing Industries      ST Bk Fac          -              -       Withdrawn
Good Day Foods Pvt Ltd                ST Bk Fac          CARE A4        0.3     -
Issuer Not Cooperating; on the basis of best availableinformation
Goyal Rice Product                    ST Fac             CARE A4        20      Assigned
Simbel Ceramic Pvt Ltd                ST Bk Fac          -              -       Withdrawn
Gupta Sons                            ST Bk Fac          CARE A4        80      Revised from
                                                                                CARE A4
Issuer Not Cooperating; on the basis of best availableinformation
Ideal Carpet Industries               ST Bk Fac          CARE A4        80.8    -
Issuer Not Cooperating;Based on best available information
Jk Tyre & Industries Ltd              CP issue*          CARE A1        3000    Revised from
                                                                                CARE A1+
K. C. Printing And Allied Works       STBk Fac           CARE A4        30      -
Issuer Not Cooperating; Based on best available information
Heavy Metal And Tubes Ltd             ST Bk Fac          CARE D         115     -
Issuer Not Cooperating; Based on best available information
Manaksia Steels Ltd                   CP                 -              -       Withdrawn
Sarvottam Atta Pvt Ltd                ST Bk Fac          CARE D         20      -
Issuer not cooperating; Based on best available information
Kanwar Enterprises Pvt Ltd            ST BkFac           CARE A4+       330     Revised from
                                                                                CARE A3
Issuer Not Cooperating; Based on best available information
Kgps Mechanical Pvt Ltd               ST Bk Fac          CARE A4        25      Assigned
Malwa Realities Pvt Ltd               ST Bk Fac          CARE A4        115     Reaffirmed
Malwa Strips Pvt Ltd                  ST Bk Fac          CARE A4        32.5    -
Issuer not cooperating;Based on best available information
Manaksia Steels Ltd                   ST Bk Fac          CARE A1        1800    Reaffirmed
Maxheal Pharmaceuticals (India) Ltd   ST Bk Fac          CARE A4        70      -
Issuer not cooperating; Based on best available information
Multifilms Plastics Pvt Ltd           ST Bk Fac          CARE A4+       55      -
Issuer not cooperating;Based on best available information
Nutech Engineering Technologies Ltd   ST Bk Fac          CARE A4        55      -
Issuer not cooperating; Based on best available information
Rahul Commerce Pvt Ltd                ST BkFac           CARE A4        14      -
Issuer not cooperating; based on best available information.
Shree Ganga Paddy Processors          ST Facility        CARE A4        32.5    Reaffirmed
Shree Sai Enterprise                  ST Bk Fac          CARE A4        20      Assigned
Smruthi Organics Ltd                  ST Bk Fac          CARE A4+       170     Revised from
                                      (Non-Fund based)                          CARE A4
Span Pumps Pvt Ltd                    ST Bk Fac          CARE A3        450     -
Issuer not cooperating;Based on best available Information
Srei Equipment Finance Ltd            ST Bk Fac          CARE A1+       10580   Revised from
                                                                                CARE A1+
Issuer not cooperating;Based on best available Information
Shree Sita Rice Mills                 ST Bk Fac          -              -       Withdrawn
Srei Equipment Finance Ltd            CP issue           CARE A1+       15000   Revised from
                                                                                CARE A1+
Issuer not cooperating;Based on best available Information
Universal Stainless                   ST Bk Fac          CARE A4        25.5    Revised from
                                                                                CARE D
Vishnu Saran And Company              STBk Fac           CARE A4        80      -
Issuer Not Cooperating;on the basis of best available information

MEDIUM TERM RATINGS:
-------------------
Amanta Healthcare Ltd                 Medium Term        CARE BB+ (FD)  120     Revised from
                                      Instrument - Fixed                        CARE BBB-
                                      Deposit

LONG TERM RATINGS:
-------------------
Alchemist Hospitals Ltd               LT Bk Fac          CARE BB+       553.8   Assigned
Assigned
Almadina Steel                        LT Bk Fac          CARE B+        36.3    -
Issuer not cooperating Based on best available information
Amanta Healthcare Ltd                 LT Bk Fac          CARE BB+       465.3   Revised from
                                                                                CARE BBB-
Amar Polyfils Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Apollo Munich Health Insurance Co. LtdLT Instrument -    CARE AA        1540    -
                                      Sub. Bonds
Placed on Credit Watch with developing implications
Banglore Polycotters Pvt Ltd          LT Bk Fac          CARE B-        40.5    Revised from
                                                                                CARE B
Issuer Not Cooperating;Based on best available information
Bhawariya Construction Company        LT Bk Fac          CARE BB-       50      -
Issuer Not Cooperating;Based on best available information
Bhawariya Construction Company        LT/ST BkFac        CARE BB-/A4    130     -
Issuer Not Cooperating;Based on best available information
Bhind Mihona Gopalpur Toll Road Ltd   LT Bk Fac          **CARE C       523.5   Revised from
                                                                                CARE BB(SO)
Issuer Not Cooperating;Based on best available information
** The bank facilities of Bhind Mihona Gopalpur Toll Road Limited (BMGL) are backed by an
unconditional and irrevocable corporate guarantee by Essel Infraprojects Limited [EIL, rated
CARE A4; Issuer Not Cooperating] for servicing of the aforesaid
obligations. In the event of default by BMGL, the guarantor (EIL) will repay the dues to the
lender within five working days of demand on EIL.    
Bhopal Garage And Service Station     LT Bk Fac          CARE BB-       150.9   Revised from
                                                                                CARE BB
Issuer Not Cooperating;Based on best available information
Bina Khimlasa Malthon Toll Roads Ltd  LT Bk Fac          **CARE C       408.7   Revised from
                                                                                CARE BB(SO)
Issuer Not Cooperating;Based on best available information
** The bank facilities of Bina Khimalasa Malthon Toll Roads Limited (BKML) are backed by the
unconditional and irrevocable corporate guarantee by Essel Infraprojects Limited [EIL, rated
CARE A4; Issuer Not Cooperating] to the lenders of BKML for servicing of the obligations on the
bank facilities. In the event of default by BKML, the guarantor (EIL) will repay the dues to
the lender within five working days of demand on EIL.
C. J. Corporation                     LT Bk Fac (Fund    CARE D         120     -
                                      Based)
Issuer Not Cooperating;Based on best available information
Commercial Carriers Ltd               LT Bk Fac          CARE D         59.9    -
Issuer not cooperating; based on best available information.
Cox And Kings Ltd                     LT Bk Fac          CARE BB        17600   Revised from
                                                                                CARE
                                                                                AA
Cox And Kings Ltd                     NCDs               CARE BB        5250    Revised from
                                                                                CARE AA-
Cox And Kings Ltd                     Issuer Rating      CARE BB(Is)    -       Revised from
                                                                                CARE AA-
Cox And Kings Ltd                     CP issue           CARE D         3750    Revised from
                                                                                CARE A1+
Damoh Jabalpur Toll Roads Ltd         LT Bk Fac          **CARE C       767.2   Revised from
                                                                                CARE BB(SO)
Issuer Not Cooperating; on the basis of best availableinformation
** The bank facilities of Damoh Jabalpur Toll Roads Limited (DJL) are backed by an unconditional
and irrevocable corporate guarantee by Essel Infraprojects Limited [EIL, rated CARE A4; Issuer
Not Cooperating] to the lenders of DJL for servicing of the
obligations on the bank facilities. In the event of default by DJL, the guarantor (EIL) will
repay the dues to the lender within five working days of demand on EIL.
Dewan Chand                           LT BkFac           CARE B+        30      -
Issuer Not Cooperating; on the basis of best availableinformation
Dighi Port Ltd                        LT BkFac           CARE D         7770.9  -
Issuer Not Cooperating; on the basis of best availableinformation
Divyajyoti Agritech Pvt Ltd           LT Bk Fac          CARE B+        45      Assigned
Dudh Ganga                            LT BkFac           CARE BB-       50      Revised from
                                                                                CARE BB(SO)
Issuer Not Cooperating; on the basis of best availableinformation
Durga Automart                        LT BkFac           CARE B         100     Revised from
                                                                                CARE B+
Issuer Not Cooperating; on the basis of best availableinformation
Elec Steel Processing Industries      LT Bk Fac          -              -       Withdrawn
Essel Ahmedabad Godhra Tollroads Pvt  LT Bk Fac          **CARE C       7726.4  Revised from
Ltd                                                                             CARE BB(SO)
Issuer Not Cooperating; on the basis of best availableinformation
Essel Gwalior Shivpuri Toll Roads Pvt LT Bk Fac          **CARE C       10900   Revised from
Ltd                                                                             CARE BB(SO)
Issuer Not Cooperating; on the basis of best availableinformation
Essel Walajahpet Poonamallee Toll RoadLT Bk Fac          **CARE C       1641.7  Revised from
Pvt Ltd                                                                         CARE BB(SO)
Issuer Not Cooperating; on the basis of best availableinformation
Feris Spintex Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
G. M. Dalui And Sons Pvt Ltd          LT BkFac           CARE B+        60      Assigned
Gharpure Engineering And Construction LT Bk Fac          CARE BB+       400     Revised from
Pvt Ltd                                                                         CARE BBB-
Issuer Not Cooperating; on the basis of best availableinformation
Good Day Foods Pvt Ltd                LT Bk Fac          CARE BB-       132.6   Revised from
                                                                                CARE BB
Issuer Not Cooperating; on the basis of best availableinformation
Goyal Rice Product                    LT Bk Fac          CARE BB-       35      Assigned
Gr Akkalkot Solapur Highway Pvt Ltd   LT BkFac           CARE A         3743.5  Reaffirmed
Gupta Sons                            LT Bk Fac          CARE B+        128     Revised from
                                                                                CARE BB-
Issuer Not Cooperating; on the basis of best availableinformation
Hdb Financial Services Ltd            Proposed NCDs      CARE AAA       150000  Assigned
Hdb Financial Services Ltd            Bk Loan Ratings    CARE AAA       250000  Reaffirmed
(enhanced from 20,000)
Hdb Financial Services Ltd            Perpetual DebtCP   CARE AAA       10000   Reaffirmed
                                                                                Reaffirmed
Hdb Financial Services Ltd            Proposed Market    CARE PP-MLD AAA20000   Assigned
                                      Linked Debentures
Heavy Metal And Tubes Ltd             LT Bk Fac          CARE D         1929.2  -
Issuer Not Cooperating; Based on best available information
Idbi Asset Management Company Ltd.    IDBI ST Bond Fund  CARE A-mfs     -       Revised from
                                                                                CARE AAAmfs
Idbi Asset Management Company Ltd.    IDBI Ultra ST Fund CARE Amfs      -       Revised from
                                                                                CARE AAAmfs
Ideal Carpet Industries               LT Bk Fac          CARE B+        40      -
Issuer Not Cooperating;Based on best available information
Jitendra Dal Mill                     LT Bk Fac          CARE B         50      Revised from
                                                                                CARE B+
Issuer Not Cooperating;Based on best available information
Jitendra Udhyog                       LT/STBk Fac        CARE B/A4      75      Revised from
                                                                                CARE B+ /
                                                                                CARE A4
Issuer Not Cooperating;Based on best available information
Jugnu Foods Pvt Ltd                   LT Bk Fac          CARE BB        152.8   Revised from
                                                                                CARE BB-
Issuer Not Cooperating;Based on best available information
K. C. Printing And Allied Works       LT BkFac           CARE B         70      -
Issuer Not Cooperating; Based on best available information
Kanwar Enterprises Pvt Ltd            LT Bk Fac          CARE BB+       70      Revised from
                                                                                CARE BBB-
Issuer Not Cooperating; Based on best available information
Kgps Mechanical Pvt Ltd               LT Bk Fac          CARE C         37.4    Assigned
Khandoba Distilleries Ltd             LT Bk Fac          CARE D         650     -
Issuer Not Cooperating; Based on best available information
Kims Super Speciality Hospital Pvt LtdLT BkFac           CARE BB        238.6   -
Issuer Not Cooperating; Based on best available information
Krishne Gowda_Kolar                   LT Bk Fac          CARE B+        80.4    Assigned
Lord Shiva Trust                      LT Bk Fac          CARE D         96.2    -
Issuer Not Cooperating; Based on best available information
Lucky Minerals                        LTBk Fac           CARE B+        120     Revised from
                                                                                CARE BB-
Issuer Not Cooperating; Based on best available information
Lucky Minerals                        LT/STBk Fac        CARE B+/A4     17.5    Revised from
                                                                                CARE BB-
Issuer Not Cooperating; Based on best available information
Ludhiana Talwandi Toll Roads Pvt Ltd  LT Bk Fac          **CARE C       5239.5  Revised from
                                                                                CARE BB(SO)
Issuer Not Cooperating; Based on best available information,
** The bank facilities of Ludhiana Talwandi Toll Roads Private Limited (LTL), factors in the
credit enhancement in the form of an unconditional and irrevocable undertaking extended by the
sponsors Essel Infraprojects Limited [EIL, rated CARE A4; Issuer Not Cooperating] & Pan India
Networks Limited (PINL) to the lenders of LTL to bring in the additional funds to meet any cash
flow shortfall towards debt obligation. The ability of LTPL to garner need based support from
EIL and any steep variation in the credit profile of EIL constitute the key rating
sensitivities.
Mahadev Cold Storage                  LT Bk Fac          CARE B+        80      -
Issuer Not Cooperating; Based on best available information
Mahakali Rice Mills Pvt Ltd           LT Bk Fac          CARE BB        92.5    Revised from
                                                                                CARE BB-
Issuer Not Cooperating; Based on best available information
Mahalaxmi Oil Mill                    LT Bk Fac          CARE B+        60.3    -
Issuer Not Cooperating, Based on best available information
Mahashakti Cold Storage Pvt Ltd       LT Bk Fac          CARE B+        73      Reaffirmed
Mahatma Jyotiba Fule Vidyapeeth SamitiLT BkFac           CARE B         34.9    -
Issuer not cooperating;Based on best available information
Mahatma Jyotiba Fule Vidyapeeth SamitiLong/ST BkFac      CARE B/A4      15      -
Issuer not cooperating;Based on best available information
Malegaon Manmad Kopergaon             LT Bk Fac          **CARE C       1344    Revised from
Infrastructure & Toll Roads Pvt Ltd                                             CARE BB(SO)
Issuer not cooperating;Based on best available information,
** The bank facilities of Malegaon Manmad Kopergaon Infrastructure & Toll Roads Pvt Ltd (MMKIPL)
are backed by an unconditional and irrevocable joint and several corporate guarantee by Essel
Infraprojects Limited [EIL, rated CARE A4; Issuer Not Cooperating] and Vishwaraj Infrastructure
Ltd. for the said facilities. The rating continues to be sensitive to any variation in the
credit profile of guarantor i.e. EIL.
Malwa Realities Pvt Ltd               LT Bk Fac          CARE BB        25      Revised from
                                                                                CARE BB-
Malwa Strips Pvt Ltd                  LT Bk Fac          CARE B         60      Revised from
                                                                                CARE B+
Issuer not cooperating;Based on best available information
Manaksia Steels Ltd                   LT Bk Fac          CARE A         500     Reaffirmed
Maxheal Pharmaceuticals (India) Ltd   LT Bk Fac          CARE B+/A4     120     -
Issuer not cooperating; Based on best available information
Mhow Ghatabillod Toll Roads Pvt Ltd   LT Bk Fac          **CARE C       2001    Revised from
                                                                                CARE BB(SO)
Issuer not cooperating; Based on best available information,
** The bank facilities of Mhow Ghatabillod Toll Roads Private Limited (MGL) are backed by an
unconditional and irrevocable sponsor support undertaking by Essel Infraprojects Limited [EIL,
rated CARE A4; Issuer Not Cooperating] towards lender of MGL to maintain a DSCR of 1.10x
throughout the tenure of the loan. In addition to the above, sponsor has also given an
undertaking to maintain the Bank guarantee for an amount equivalent to next quarter principal &
Interest payments. The rating is sensitive to any variation in the credit profile of the
guarantor i.e. EIL.
Monalisa Ceramics India Pvt Ltd       LT Bk Fac          CARE B+        150     Revised from
                                                                                CARE BB-
Issuer not cooperating; Based on best available information
Mukarba Chowk-Panipat Toll Roads Ltd  LT Bk Fac          **CARE C       13750   Revised from
                                                                                CARE BB(SO)
Issuer not cooperating; Based on best available information,
** The bank facilities of Mukarba Chowk-Panipat Toll Roads Limited (MCPTL) factors in the credit
enhancement in the form of a joint and several corporate guarantee extended by Essel
Infraprojects Limited [EIL, rated CARE A4; Issuer Not Cooperating] to meet any shortfall in (i)
project cost funding (ii) meeting the major maintenance requirement of the project over and
above the budgeted major maintenance reserve and (iii) meeting any shortfall in debt servicing
to the lenders for the entire tenure of the facilities. The rating is sensitive to any variation
in the credit profile of the guarantor i.e. EIL.
Multifilms Plastics Pvt Ltd           LT Bk Fac          CARE BB        88.8    -
Issuer not cooperating;Based on best available information
Narayan Spinning Mills Pvt Ltd        LT BkFac           CARE BB        515.6   Reaffirmed
                                                                                and removed
                                                                                from ISSUER NOT
COOPERATING*
Issuer not cooperating;Based on best available information
Narayan Spinning Mills Pvt Ltd        LT/STBk Fac        CARE BB/A4     25      Reaffirmed
                                                                                and removed
                                                                                from ISSUER NOT
COOPERATING*
Issuer not cooperating;Based on best available information
Navin Ginning Factory                 LT Bk Fac          -              -       Withdrawn
Niil Infrastructures Pvt Ltd          LT Bk Fac          CARE D         500     “Issuer not
                                                                                cooperating
Issuer not cooperating;Based on best available information
Nutech Engineering Technologies Ltd   LT Bk Fac          CARE BB-       150     -
Issuer not cooperating; Based on best available information
Om Sai Hospitality                    LT Bk Fac          CARE D         55.5    -
Issuer not cooperating; Based on best available information
Patna Highway Projects Ltd            LT Bk Fac          CARE D         8460    “Issuer not
                                                                                cooperating
Issuer not cooperating; Based on best available information
Pnc Delhi Industrialinfra Pvt Ltd     LT Bk Fac          CARE BBB+      793.5   Revised from
                                                                                CARE BBB
Radhe Cotton Company                  LT Bk Fac          CARE D         55.8    -
Issuer not cooperating; on the basis of best available information
Radhe Cotton Company                  *Based on best                    0       -
                                      available
                                      information
Rahul Commerce Pvt Ltd                LT BkFac           CARE B         126     Revised from
                                                                                CARE B+
Issuer not cooperating; on the basis of best available information
Rahul Wire Ropes                      LT Bk Fac          CARE B+        73.9    Revised from
                                                                                CARE BB
Issuer not cooperating; based on best available information.
Rajahmundry Godavari Bridge Ltd       LT Bk Fac          CARE D         5660    -
Issuer not cooperating; Based on best available information
Rajiv Chowk Sohna Highway Pvt Ltd     LT Bk Fac          CARE A-        3378*   Assigned
* Includes Bank Guarantee amounting to Rs.78 crore as Sub-limit of this term loan facility.
Ridhi Sidhi Pulses                    LT Bk Fac          CARE D         76.2    “Issuer not
                                                                                cooperating
Issuer not cooperating; Based on best available information
Rohtak-Panipat Tollway Pvt Ltd        LT BkFac           CARE B         9379.2  Revised from
                                                                                CARE BB+
Sagar Damoh Toll Roads Ltd            LT Bk Fac          **CARE C       419.5   Revised from
                                                                                CARE BB(SO)
Issuer not cooperating; Based on best available information ,** The bank facilities of Sagar
Damoh Toll Roads Limited (SDL) are backed by an unconditional a
Sanai Enterprise                      LT BkFac           CARE B+        80      -
Issuer not cooperating; Based on best available information
Sanwariya Packaging Pvt Ltd           LT Bk Fac          CARE BB        19.6    “Issuer not
                                                                                cooperating
Issuer not cooperating; Based on best available information
Sanwariya Packaging Pvt Ltd           LT/ST BkFac        CARE BB/A4     40      “Issuer not
                                                                                cooperating
Issuer not cooperating; Based on best available information
Sarvottam Atta Pvt Ltd                LT Bk Fac          CARE D         180     -
Issuer not cooperating; Based on best available information
Saturn Rings & Forgings Pvt Ltd       LT Bk Fac          CARE D         400     -
Issuer not cooperating; Based on best available information
Satyam Cotex Pvt Ltd                  LT Bk Fac          -              -       Downgraded
                                                                                from CARE B+
Issuer not cooperating; Based on best available information
Shree Ganga Paddy Processors          LT Bk Facility     CARE B         17.5    Reaffirmed
Shree Sai Enterprise                  LT Bk Fac          CARE B         75      Assigned
Shree Sita Rice Mills                 LT Bk Fac          -              -       Withdrawn
Shridhar Industries Katni Pvt Ltd     LT Bk Fac          CARE B+        102.5   Reaffirmed
Shriram Transport Finance Co. Ltd     Proposed NCDs      CARE AA+       100000  Assigned
                                      (Public Issue)
Siddharth Agro Industries- Mp         LT/STBk Fac        CARE B/A4      75      CARE B+/CARE
                                                                                A4
Issuer not cooperating; Based on best available information
Siddhi Vinayak Cottsin                LT Bk Fac          CARE B-        65      CARE B
Issuer not cooperating; Based on best available information
Silk Cotton                           LT Bk Fac          CARE D         75.2    -
Issuer not cooperating; Based on best available information
Silk Cotton                           *Based on best                    0       -
                                      available
                                      information
Simbel Ceramic Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Smruthi Organics Ltd                  LT Bk Fac (TL)     -              -       Withdrawn*
Smruthi Organics Ltd                  LT Bk Fac (Fund    CARE BB+       340     Revised from
                                      Based)                                    CARE BB
Span Pumps Pvt Ltd                    LT Bk Fac          CARE BBB-      200     -
Issuer not cooperating;Based on best available Information
Spgv Petrochem (India) Pvt Ltd        LT/ ST Bk Fac      CARE D /D      248     -
Issuer Not Cooperating; Based on best available information
Spm Marbles Pvt Ltd                   LT Bk Fac          CARE B+        70      Revised from
                                                                                CARE BB-
Issuer Not Cooperating; Based on best available information
Srei Equipment Finance Ltd            ST BkFac           -              -       Withdrawn
Srei Equipment Finance Ltd            Perpetual          CARE A         375     Revised from
                                      Bonds(Series I)                           CARE A+
Issuer not cooperating;Based on best available Information
Srei Equipment Finance Ltd            SubTierII NCDs     CARE A+        3618    Revised from
                                      (Series III,IV, V,                        CARE AA-
                                      VII, VIII & IX)
Issuer not cooperating;Based on best available Information
Srei Equipment Finance Ltd            LT BkFac           CARE AA-       166639.1Revised from
                                                                                CARE AA
Issuer not cooperating;Based on best available Information
Srei Equipment Finance Ltd            NCDs (Series       CARE AA-       5338.6  Revised from
                                      VII,XII, XIV and                          CARE AA
                                      XV)
Issuer not cooperating;Based on best available Information
Srei Equipment Finance Ltd            Proposed NCD issue CARE AA-       3       Revised from
                                                                                CARE AA
Issuer not cooperating;Based on best available Information
Sun Shine Rice Unit                   LTBk Fac           CARE B-        162.5   Revised from
                                                                                CARE B
Issuer not cooperating;Based on best available Information
Trio Jewels Pvt Ltd                   LT / ST Bk Fac     CARE BB+/A4+   120     Assigned
Universal Stainless                   Long- term Bk Fac  CARE B         67.3    Revised from
                                                                                CARE D
Uti Mutual Fund                       UTI – ST Income    CARE BBBmfs    -       Revised from
                                      Fund                                      CARE AAAmfs
Vidhata Associates                    LT Bk Fac          CARE BB-       55      -
Issuer not cooperating Based on best available information
Vidhata Associates                    LT/ ST BkFac       CARE BB-/A4    110     -
Issuer not cooperating Based on best available information
Vishal Precision Products Pvt Ltd     LT Bk Fac          CARE B+        125.4   Reaffirmed
Vishnu Saran And Company              LTBk Fac           CARE B+        50      Revised from
                                                                                CARE BB
Issuer Not Cooperating;on the basis of best available information

--------------------------------------------------------------------------------------------
$: 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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  • 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