July 14, 2020 / 6:28 AM / a month ago

CARE ratings for Indian debt instruments-Jul 14

    Jul 14  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of July 13, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Avr Thejas Infra Pvt Ltd             ST Bk Fac         CARE A4       80     Assigned
Balodia Rice Mill                    ST Bk Fac         CARE A4+      39     Reaffirmed
(Issuer not cooperating; based on best available information)
Hasbro Clothing Pvt Ltd              ST BkFac          CARE A4       100    Revised from
                                                                            CARE A4+
(Issuer not cooperating; on the basis of best available information)
Msr Projects And Minerals Pvt Ltd    ST Bk Fac         CARE A4       10     Assigned
Ram Narayan Contractor               ST BkFac          CARE A4       100    -
(Issuer not cooperating; based on best available information)

LONG TERM RATINGS:
-------------------
Annapurna Finance Pvt Ltd            NCDs (NCD)        CARE A-Stable 1000   Assigned
Avr Thejas Infra Pvt Ltd             LT Bk Fac         CARE B+ Stable40     Assigned
Balodia Rice Mill                    LT Bk Fac         CARE BB-;     37     Reaffirmed
                                                       Stable
Chawla Jewellers                     LT BkFac          CARE B+ Stable60     Revised from
                                                                            CARE BB-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Hasbro Clothing Pvt Ltd              LT BkFac          CARE BB; Stabl300    Revised from
                                                                            CARE BB+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Insight Media City (India) Pvt Ltd   LT BkFac          CARE BB; Stabl491.2  Revised from
                                                                            CARE BB+;
                                                                            Stable
(reduced from 20.00 Crore) ,(Issuer not cooperating; based on best available information)
Mohammed Khan Jewellers Pvt Ltd      LT Bk Fac         CARE BB-;     128    Revised from
                                                       Stable               CARE BB;
                                                                            Stable 
                                                                            Outlook Stable
Msr Projects And Minerals Pvt Ltd    LT Bk Fac         CARE BB-;     140    Assigned
                                                       Stable
Nidhi Auto Pvt Ltd                   LT Bk Fac         CARE BB+;     132.5  -
                                                       Stable
(Issuer not cooperating; based on best available information)
Nidhi Auto Pvt Ltd                   LT/ST Bk Fac      CARE BB+;     3      -
                                                       Stable/CARE A4+
(Issuer not cooperating; based on best available information)
Pioneer Holon Agroecology Pvt Ltd    LT Bk Fac         CARE B+;Stable67.8   Assigned
Ram Narayan Contractor               LT BkFac          CARE B+;Stable20     Revised from
                                                                            CARE BB-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Sai Retail India Ltd                 LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BBB-;
                                                                            Stable; and
                                                                            Withdrawn
(Issuer not cooperating)
Sri Lakshmi Venkatadri Agro Food     Long -term BkFac  CARE BB-;     68     Assigned
Industries                                             Stable
Sundaram Alternative Opportunities   High Yield Secured-             -      Withdrawn
Series - High Yield Secured          Debt Fund
Debt Fund
Veritas Finance Pvt Ltd              NCD-V (Proposed)  CARE A-;Stable2200   Assigned
(enhanced from Rs.650 crore Crore)
Veritas Finance Pvt Ltd              Bk Fac- LT        CARE A-;Stable8500   Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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