July 15, 2020 / 8:24 AM / 20 days ago

CARE ratings for Indian debt instruments-Jul 15

    Jul 15  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of July 14, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Agnibina Rice Mills Pvt Ltd          ST Bk Fac         CARE D;       3.5
(Issuer not cooperating; based on best available information)
Banglore Polycotters Pvt Ltd         ST Bk Fac         CARE A4;      40
(Issuer not cooperating; based on best available information)
Clix Finance India Pvt Ltd           CP Issue          CARE A1+      1000   Reaffirmed
(reduced from 500 Crore)
Dynasoure Concrete Treatment Pvt Ltd ST Bk Fac         CARE A4+      50     Reaffirmed
(enhanced from 2.25 Crore)
Hdb Financial Services Ltd           CP                CARE A1+      125000 Reaffirmed
Idfc Asset Management Co. Ltd        IDFC Overnight    CARE A1+mfs   -      Assigned
                                     Fund Open Ended
                                     Debt Scheme
Narsingh Construction                ST BkFac          CARE A4       40
(Issuer not cooperating; based on best available information)
S Kumars Associates                  ST BkFac          CARE A4       70
(Issuer not cooperating; based on best available information)
Smbt Sevabhavi Trust                 ST BkFac          CARE A4;      236    Revised from
                                                                            CARE D
(Issuer not cooperating; based on best available information)
Rajasthan Drugs And Pharmaceuticals  ST Bk Fac         CARE D;       5
Ltd
(Issuer not cooperating; based on best available information)
Suzuki Textiles Ltd                  ST Bk Fac         CARE D;       202.3
(Issuer not cooperating; based on best available information)
Sri Ram Enterprises                  ST Bk Fac         CARE A4       60
(Issuer not cooperating; based on best available information)
Troikaa Pharmaceuticals Ltd          ST BkFac          CARE A2       97     Reaffirmed

LONG TERM RATINGS:
-------------------
Aglon Industries Pvt Ltd             LT BkFac          CARE B+;Stable745
(Issuer not cooperating; based on best available information)
Agnibina Rice Mills Pvt Ltd          LT Bk Fac         CARE D;       76.5
(Issuer not cooperating; based on best available information)
Azen Medical Welfare And Research    LT Bk Fac         CARE D;       168.5
Society
(Issuer not cooperating; based on best available information)
Banglore Polycotters Pvt Ltd         LT Bk Fac         CARE B-;      40.5
                                                       Stable;
(Issuer not cooperating; based on best available information)
Clix Capital Services Pvt Ltd        NCDs              CARE A+;Stable11000  Reaffirmed
(reduced from 1500 Crore)
Clix Capital Services Pvt Ltd        NCDs (Proposed)*  CARE A+;Stable1000   Revised from
                                                                            CARE PP MLD
                                                                            A+;Stable(Principal
                                                                            Protected Market
                                                                            Linked Debenture)
*Earlier carved out as market linked debenture
Clix Finance India Pvt Ltd           LT Bk Fac         CARE A+;Stable8500   Reaffirmed
(reduced from 1500 Crore)
Clix Finance India Pvt Ltd           NCDs              CARE A+;Stable4500   Reaffirmed
(reduced from 800 Crore)
Clix Finance India Pvt Ltd           LT/ST BkFac       CARE A+;      500    Reaffirmed
                                                       Stable/CARE A1+
Clix Finance India Pvt Ltd           Market Linked     CARE PP MLD   1000   Reaffirmed
                                     Debentures        A+; Stable
                                     (Proposed)
Crux Biotech India Pvt Ltd           LT Bk Fac         CARE C;       550.6  Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; based on best available information)
Dynasoure Concrete Treatment Pvt Ltd LT/ Short- term BkCARE BB- ;    40     Reaffirmed
                                     Fac               Stable/CARE A4+
Hariom Cold Storage                  LT BkFac          CARE B; Stable48     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Hdb Financial Services Ltd           NCDs              CARE AAA;     75000  Assigned
                                                       Stable
Hdb Financial Services Ltd           NCDs              CARE AAA;     322350 Reaffirmed
                                                       Stable
Hdb Financial Services Ltd           Bk Loan Ratings   CARE AAA;     300000 Reaffirmed
                                                       Stable
(enhanced from 25,000 Crore)
Hdb Financial Services Ltd           Subordinate Debt  CARE AAA;     35000  Reaffirmed
                                                       Stable
Hdb Financial Services Ltd           Perpetual Debt    CARE AAA;     10000  Reaffirmed
                                                       Stable
Hdb Financial Services Ltd           Market Linked     CARE PP-MLD   30000  Reaffirmed
                                     Debentures        AAA; Stable
Kogta Financial (India) Ltd          LT Bk Fac         CARE A-;      4000   Reaffirmed
                                                       Stable
Kogta Financial (India) Ltd          NCD (Secured NCD) CARE A-;      190.3  Reaffirmed
                                                       Stable
Kogta Financial (India) Ltd          NCD (Secured NCD) CARE A-;      190.3  Reaffirmed
                                                       Stable
Kogta Financial (India) Ltd          NCD (Unsecured NCDCARE A-;      150    Reaffirmed
                                                       Stable
Kogta Financial (India) Ltd          NCD (Secured NCD) CARE A-;      255    Reaffirmed
                                                       Stable
Kogta Financial (India) Ltd          Proposed NCD      CARE A-;      150    Assigned
                                                       Stable
Manappuram Home Finance Ltd          NCDs              CARE AA-;     1000   Assigned
                                                       Stable
Narsingh Construction                LT BkFac          CARE B-;Stable10     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Neogrowth Credit Pvt Ltd             NCDs              CARE A (CE) ; 500    Assigned
                                                       Stable (Credit
                                                       Enhancement)
Neogrowth Credit Pvt Ltd             NCDs              CARE BBB+;    800    Assigned
                                                       Stable
Platinum Ispat Industries Pvt Ltd    LT Bk Fac         CARE D;       185.7
(Issuer not cooperating; based on best available information)
Power Televentures Pvt Ltd           LT/ shortterm Bk  CARE D/CARE D;80
                                     Fac
(Issuer not cooperating; based on best available information)
Power Televentures Pvt Ltd           LT Bk Fac         CARE D;       158
(Issuer not cooperating; based on best available information)
R. R. And Company Pvt Ltd            LT BkFac          CARE B-;Stable53.5   Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Rajasthan Drugs And Pharmaceuticals  LT Bk Fac         CARE D;       193
Ltd
(Issuer not cooperating; based on best available information)
Rau Pithampur Infrastructure Pvt Ltd LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BBB+;
                                                                            Stable and Withdrawn
S Kumars Associates                  LT BkFac          CARE B; Stable20     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Sanmar Shipping Ltd                  LT Bk Fac         CARE A-;      2421.4 Reaffirmed;
                                                       Stable               Outlook
                                                                            revised from
Positive to Stable
Shri Mahavir Iron & Steel Pvt. Ltd.  LT Bk Fac         CARE B; Stable70     Revised From
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Smbt Sevabhavi Trust                 LT BkFac          CARE B;       1404.6 Revised from
                                                                            CARE D
(Issuer not cooperating; based on best available information)
Sri Ram Enterprises                  LT Bk Fac         CARE B+;Stable12.5   Revised From
                                                                            CARE BB-;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Suzuki Textiles Ltd                  LT Bk Fac         CARE D;       1438.7
(Issuer not cooperating; based on best available information)
Troikaa Pharmaceuticals Ltd          LT BkFac          CARE BBB+;    663.7  Reaffirmed
                                                       Stable
Troikaa Pharmaceuticals Ltd          LT/ ST Bk Fac     CARE BBB+;    1265   Reaffirmed
                                                       Stable/CARE A2
Vivriti Blaine 02 2020 (Originator:  Series A PTC      CARE A (SO)   205.4  Assigned
Auxilo Finserve Pvt Ltd)
Vizag Seaport Pvt Ltd                LT Bk Fac         CARE BBB-;    1776.8 Reaffirmed
                                                       Stable
(enhanced from 25.00 Crore)
Vnc Nutrition Foods Pvt Ltd          LT Bk Fac         CARE B+;      120    Assigned
                                                       Stable
Vtp Corporation Llp                  LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE D and
                                                                            withdrawn
--------------------------------------------------------------------------------------------
$: 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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