July 12, 2019 / 4:14 AM / 11 days ago

CARE ratings for Indian debt instruments-Jul 12

    Jul 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of July 11, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adage Automation Pvt Ltd              ST Bk Fac          CARE A3        54.7    Reaffirmed
Agarwal Industries                    ST Bk Fac          CARE A4        35      Assigned
Amritlal Naresh Kumar                 ST Bk Fac          CARE A4        110
(Issuer Not Cooperating)
Amol Dicalite Ltd                     ST Bk Fac          -              -       Withdrawn
Antique Marbonite Pvt Ltd             ST BkFac           CARE A2        265
(Issuer Not Cooperating)/(Enhanced from 26.00 Crore)
Asm Industries (India) Pvt Ltd        ST Bk Fac          CARE A4        13.5    Assigned
                                      (Non-Fund Based)
Bhaskar Steel & Ferro Alloy Pvt Ltd   ST Bk Fac          -              -       Withdrawn
Goodwill Advance Construction Company ST Bk Fac          CARE A4        400     Assigned
Pvt Ltd
Gupta Tex Prints Pvt Ltd              ST Bk Fac          CARE D         2.5
(Issuer Not Cooperating)
Kanha Grain Process                   ST Bk Fac          -              -       Withdrawn
Macrocosm Builders                    ST Bk Fac          -              -       Withdrawn
Madhusudan Agrawal                    ST Bk Fac          CARE A4        60      Reaffirmed
Mercator Oil & Gas Ltd                ST Bk Fac          CARE D         1240
(Issuer Not Cooperating)
Mercator Ltd                          ST LC / BG (Non    CARE D         1500
                                      Fund Based)
(Issuer Not Cooperating)
Shri Harinarayan Jaiswal & Co.        ST Bk Fac          -              -       Withdrawn
Shri Ramchandra Jaiswal & Co.         ST Bk Fac          -              -       Withdrawn
Shrikishan And Company                ST BkFac           CARE A4        230     Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)
Shrikishan And Company Pvt Ltd        ST BkFac           CARE A4        200     Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)
Srmb Srijan Pvt Ltd                   ST Bk Fac          -              -       Withdrawn
 
 
LONG TERM RATINGS:
-------------------
Trust Capital Services India Pvt Ltd  CC                 CARE AA (CE)2  2000    Reaffirmed
Trust Capital Services India Pvt Ltd  Bk Overdraft       CARE AA (CE)2  2000    Reaffirmed
Adage Automation Pvt Ltd              LT Bk Fac          CARE BBB-      130     Reaffirmed
(enhanced from 8.00 Crore)
Adage Automation Pvt Ltd              LT/ST BkFac        CARE BBB-/A3   130     Reaffirmed
(enhanced from 10.00 Crore)
Agarwal Industries                    LT Bk Fac          CARE BB-       33      Assigned
Agrifem Industries                    LT Bk Fac          CARE B         51.8    Assigned
Allied Associates                     LT Bk Fac          CARE B         120
(Issuer Not Cooperating)
Amol Dicalite Ltd                     LT/ ST Bk Fac      -              -       Withdrawn
Amritlal Naresh Kumar                 LT Bk Fac          CARE BB-       15
(Issuer Not Cooperating)
Antique Marbonite Pvt Ltd             LT BkFac           CARE BBB+      730
(Issuer Not Cooperating)/(Reduced from 85.00 Crore)
Antique Marbonite Pvt Ltd             LT/ST BkFac        CARE BBB+/A2   270
(Issuer Not Cooperating)
Asha Enterprises Pvt Ltd              LT Bk Fac          CARE BB        15
(Issuer Not Cooperating)
Asha Enterprises Pvt Ltd              LT/ST Bk Fac       CARE BB/A4     80
(Issuer Not Cooperating)
Ashtvinayak Leisure Pvt Ltd           LT Bk Fac          CARE B         105.8   Assigned
Asm Industries (India) Pvt Ltd        LT Bk Fac (Fund    CARE BB        736.5   Assigned
                                      Based)
Bhaskar Steel & Ferro Alloy Pvt Ltd   LT Bk Fac          -              -       Withdrawn
Bulandshahr Roller Flour Mill Pvt Ltd LT Bk Fac          CARE B         80      Revised from
                                                                                CAREB+
(Issuer Not Cooperating)
Gajanan Ferro Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Goodwill Advance Construction Company LT Bk Fac          CARE BB        86.6    Assigned
Pvt Ltd
Gupta Tex Prints Pvt Ltd              LT Bk Fac          CARE D         97.6
(Issuer Not Cooperating)
Gupta Tex Prints Pvt Ltd              LT/ST Bk Fac       CARE D/D       70
(Issuer Not Cooperating)
Ifp Petro Products Pvt Ltd            LT Bk Fac          CARE BB-       180     Revised from
                                                                                CARE B+
Jayshree Vyapar Ltd                   LT Bk Fac          -              -       Withdrawn
Kanha Grain Process                   LT Bk Fac          -              -       Withdrawn
Macrocosm Builders                    LT Bk Fac          -              -       Withdrawn
Madhusudan Agrawal                    LT Bk Fac          CARE BB-       50      Reaffirmed
Mercator Ltd                          LT-CC              CARE D         500
(Issuer Not Cooperating)
Mercator Ltd                          LT Loan            CARE D         6539.7
(Issuer Not Cooperating)
Mercator Ltd                          LT-LOU (Non Fund   CARE D         2555.6
                                      Based)
(Issuer Not Cooperating)
Mercator Oil & Gas Ltd                LT Bk Fac          CARE D         992
(Issuer Not Cooperating)
Mercator Petroleum Ltd                LT/ ST Bk Fac      CARE D         950
(Issuer Not Cooperating)
Metalfab Hightech Pvt Ltd             LT                 CARE B+        685     Assigned
Metalfab Hightech Pvt Ltd             LT/ST              CARE B+/A4     250     Assigned
Mohandas V.Rajani                     LT Bk Fac          -              -       Withdrawn
Mohandas V.Rajani                     LT/ ST Bk Fac      -              -       Withdrawn
Narmada Concast Pvt Ltd               LT BkFac           CARE D         207.9   Revised from
                                                                                CARE B
(Issuer Not Cooperating)/(reduced from Rs.28.71 crore Crore)
Narmada Concast Pvt Ltd               LT/STBk Fac        CARE D /D      40      Revised from
                                                                                CARE B / CARE
                                                                                A4
(Issuer Not Cooperating)
Octopus Papers Ltd                    LT Bk Fac          CARE D         88.8
(Issuer Not Cooperating)
Shiv Jyoti Rice Mills                 LT Bk Fac          -              -       Withdrawn
Shivam Protein Products Pvt Ltd       LT BkFac           CARE B         96.9
(Issuer Not Cooperating)
Shree Constructions & Leisure Pvt Ltd LT Bk Fac          CARE B-        143
(Issuer Not Cooperating)
Shree Laxmi Timber Traders & Saw Mill LT Bk Fac          -              -       Withdrawn
Shreeji Fibre Pvt Ltd                 LT Bk Fac          CARE B-        58.5
(Issuer Not Cooperating)
Shri Harinarayan Jaiswal & Co.        LT Bk Fac          -              -       Withdrawn
Shri Ramchandra Jaiswal & Co.         LT Bk Fac          -              -       Withdrawn
Shrikishan And Company                LT BkFac           CARE BB-       20      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Shrikishan And Company Pvt Ltd        LT BkFac           CARE BB-       30      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Smsg Automart Pvt Ltd                 LT BkFac           CARE B+        102.9
(Issuer Not Cooperating)
Sri Vishnu Buildcon Pvt Ltd           LT BkFac           CARE B+        44.1
(Issuer Not Cooperating)
Srmb Srijan Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
Srmb Srijan Pvt Ltd                   LT/ST Bk Fac       -              -       Withdrawn
Sudharsan Exports                     Long –term Bk Fac  CARE BB-       111.6   Assigned
Super Diamond Enterprises             LT Bk Fac          CARE BB+       1300    Assigned
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CARE may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)
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