July 13, 2020 / 6:06 AM / a month ago

CARE ratings for Indian debt instruments-Jul 13

    Jul 13  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of July 10, 2020.

COMPANY                              INSTRUMENT         RATING      AMOUNT   MOVEMENT
                                                                    (RS.MLN)
-------                              ----------        -------      -------  ---------
SHORT TERM RATINGS:
-------------------
Aradhya Steel Pvt Ltd                ST BkFac          -             -      Withdrawn
Aquafil Polymers Company Pvt Ltd     ST Bk Fac         CARE D;       170    -
(ronak Regrig.) 
(Issuer not cooperating; based on best available information)
Coalsale Co. Ltd                     ST BkFac          CARE A4+      117.5  Reaffirmed
Logan Ceramic                        ST BkFac          CARE A4;      17     -
(Issuer not cooperating; based on best available information)
Malwa Oxygen & Industrial Gases Pvt  ST Bk Fac         CARE A4;      1.8    Revised from
Ltd                                                                         CARE A4+
(Issuer not cooperating; on the basis of best available information)
Mayur Ginning & Pressing Pvt Ltd     ST Bk Fac         CARE A4;      40     -
(Issuer not cooperating; based on best available information)
Pagro Frozen Foods Pvt Ltd           ST Bk Fac         CARE A4       8.2    Reaffirmed
Pooja Technocast                     ST Bk Fac         CARE A4;      3      -
(Issuer not cooperating; based on best available information)
R. C. Patel                          ST BkFac          CARE A4;      150    -
(Issuer not cooperating; based on best available information)
Sanee Infrastructure Pvt Ltd         ST BkFac          CARE A4;      80     -
(Issuer not cooperating; based on best available information)
Ssc Projects Pvt Ltd                 ST Bk Fac         CARE A4;      630    Reaffirmed
Malwa Strips Pvt Ltd                 ST Bk Fac         CARE D;       32.5   -
(Issuer not cooperating; based on best available information)
Mothi Spinner Pvt Ltd                ST Bk Fac         -             -      Reaffirmed at
                                                                            CARE A2 and
                                                                            Withdrawn
Parsoli Motor Works Pvt. Ltd.        ST Bk Fac         CARE D;       80     -
(Issuer not cooperating; based on best available information)
Pragat Akshay Urja Ltd               ST Bk Fac         CARE D;       20     -
(Issuer not cooperating; based on best available information)
Vitrag Foam Pvt Ltd                  ST BkFac          CARE A4       91.8   -
(Issuer not cooperating; based on best available information)

LONG TERM RATINGS:
-------------------
Amrit Homes Pvt Ltd                  LT Bk Fac         CARE D;       259    -
(Issuer not cooperating; based on best available information)
Aquafil Polymers Company Pvt Ltd     LT Bk Fac         CARE D;       311.9  -
(ronak Regrig.) 
(Issuer not cooperating; based on best available information)
Aradhya Steel Pvt Ltd                LT Bk Fac         -             -      Withdrawn
Ashtavinayak Builders & Developers   LT Bk Fac         CARE C;       75     Revised from
                                                                            CARE B
(Issuer not cooperating; based on best available information)
Coalsale Co. Ltd                     LT BkFac          CARE BB+;     7.5    Revised from
                                                       Negative             CARE BB+;
                                                                            Stable
Dabra Agro Pvt Ltd                   LT Bk Fac         CARE D;       240    -
(Issuer not cooperating; based on best available information)
Dev Cotex Pvt Ltd                    LT Bk Fac         CARE D;       100    -
(Issuer not cooperating; based on best available information)
General Optics (Asia) Ltd            LT Bk Fac         CARE A-;      18.9   Revised from
                                                       Stable               CARE BBB+;
                                                                            Stable
(enhanced from 0.95 Crore) (Issuer not cooperating)
General Optics (Asia) Ltd            Long/ST BkFac     CARE A-;      100    Revised from
                                                       Stable/CARE A2       CARE BBB+;
                                                                            Stable/CARE A3+
(Issuer not cooperating)
J. B. Cotton                         LT Bk Fac         CARE B-;      48.4   Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Khandwa Industries Pvt Ltd           LT Bk Fac         CARE D;       121.5  -
(Issuer not cooperating; based on best available information)
Logan Ceramic                        LT BkFac          CARE B-;      105.1  Revised
                                                                            fromCARE B+
(Issuer not cooperating; on the basis of best available information)
Lohia Auto Industries                LTFac             CARE B+ ;     300    Revised from
                                                       Stable;              CARE BB+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Malwa Oxygen & Industrial Gases Pvt  LT/ Shortterm Bk  CARE BB /CARE 45     Revised from
Ltd                                  Fac               A4;                  CARE BB+ /
                                                                            CARE A4+
(Issuer not cooperating; on the basis of best available information)
Malwa Oxygen & Industrial Gases Pvt LLT Bk Fac         CARE BB;      1      Revised from
                                                                            CARE BB+
(Issuer not cooperating; on the basis of best available information)
Malwa Strips Pvt Ltd                 LT Bk Fac         CARE D;       60     -
(Issuer not cooperating; based on best available information)
Mayur Ginning & Pressing Pvt Ltd     LT Bk Fac         CARE B;       50     Revised from
                                                                            CARE B+
(Issuer not cooperating; on the basis of best available information)
Microtex Fashion Industries          LT Bk Fac         CARE D;       72.3   -
(Issuer not cooperating; based on best available information)
Mothi Spinner Pvt Ltd                LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BBB+;
                                                                            Stable and Withdrawn
Mothi Spinner Pvt Ltd                Long/ST Bk Fac    -             -      Reaffirmed at
                                                                            CARE BBB+;
                                                                            Stable, CARE A2 and
                                                                            Withdrawn
Oronova Zinc Llp                     LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BB-;
                                                                            Stable and withdrawn
Pagro Frozen Foods Pvt Ltd           LT Bk Fac         CARE BB;      437.3  Reaffirmed
                                                       Stable
Parsoli Motor Works Pvt. Ltd.        LT/ST Bk Fac      CARE D/CARE D;110    -
(Issuer not cooperating; based on best available information)
Parsoli Motor Works Pvt. Ltd.        LT Bk Fac         CARE D;       25     -
(Issuer not cooperating; based on best available information)
Pooja Technocast                     LT Bk Fac         CARE B+;      114.1  Revised
                                                                            fromCARE BB-
(Issuer not cooperating; on the basis of best available information)
Pragat Akshay Urja Ltd               LT Bk Fac         CARE D;       60     -
(Issuer not cooperating; based on best available information)
R. C. Patel                          LT BkFac          CARE B+;      100    Revised
                                                                            fromCARE BB
(Issuer not cooperating; on the basis of best available information)
R. M. Auto Link Pvt Ltd              LT BkFac          CARE C;       75     Revised from
                                                                            CARE B
(Issuer not cooperating; on the basis of best available information)
Sai Chhaya Autolink Pvt Ltd          LT BkFac          CARE C;       114.8  Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Sanee Infrastructure Pvt Ltd         LT BkFac          CARE B-;      29     -
                                                       Stable;
(Issuer not cooperating; based on best available information)
Srinivasa Educational Academy        LT Bk Fac         CARE D;       372    -
(Issuer not cooperating; based on best available information)
Ssc Projects Pvt Ltd                 LT Bk Fac         CARE BB;      120    Revised from
                                                       Stable;              CARE
                                                                            BB-;Stable
Sukh Sagar Motors Pvt Ltd            LT Bk Fac         CARE D;       64.8   -
(Issuer not cooperating; based on best available information)
Venkateshwara Power Project Ltd      LT Bk Fac         CARE BB-;     2733.9 Revised
                                                       Stable               fromCARE BB;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Vitrag Foam Pvt Ltd                  LT Bk Fac         CARE B+       43.5   Revised from
                                                                            CARE BB-
(Issuer not cooperating; on the basis of best available information)
West Bengal State Electricity        Issuer Rating     -             -      Withdrawn
Transmission Co. Ltd
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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