July 19, 2019 / 7:14 AM / 2 months ago

CARE ratings for Indian debt instruments-Jul 19

    Jul 19 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of July 18, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ardisons Associates                   ST BkFac           CARE A4        30
(Issuer Not Cooperating)
Card Pro Solutions Pvt Ltd            ST Bk Fac          CARE D         23
(Issuer Not Cooperating)
Dkm Agencies Pvt Ltd                  ST Bk Fac          CARE D         2
(Issuer Not Cooperating)
Gayatri Bioorganics Ltd               ST Bk Fac          CARE D         100
(Issuer Not Cooperating)
Fullerton India Credit Co. Ltd        CP Issue           CARE A1+       45000   Reaffirmed
Helios Photo Voltaic Ltd              ST Bk Fac          CARE D         21.5
(Issuer Not Cooperating)
Hfm Solar Power Pvt Ltd               LT/ ST Bk Fac      CARE A4        30      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
J.B.R. Technologies Ltd               ST Bk Fac          CARE A4        30      Reaffirmed
Kolkata Marine Products Pvt Ltd       ST Fac             CARE A4        175
(Issuer Not Cooperating)
Micron Pharmaceuticals                ST Bk Fac          -              -       Withdrawn
Moser Baer Solar Ltd                  ST Bk Fac          CARE D         646
(Issuer Not Cooperating)
Omfurn India Ltd                      ST Bk Fac          CARE A4+       100     Assigned
Prabhunath Prasad Thekedar            ST Bk Fac          CARE A4+       150     Assigned
Praveedh Decor Pvt Ltd                ST Bk Fac          CARE A4        22.5
(Issuer Not Cooperating)
Praveedh Decor Pvt Ltd                Proposed ST BkFac  CARE A4        12.5
(Issuer Not Cooperating)
Progressive Construction Company      ST Bk Fac          CARE A4+       100     Assigned
(Issuer Not Cooperating)
S. N. Hotels And Resorts Pvt Ltd      ST BkFac           CARE A4        1.5
(Issuer Not Cooperating)
Sri Krishnadevaraya Constructions     STBk Fac           CARE A4+       90      Reaffirmed
Swami Devi Dyal Hi-Tech Education     ST Bk Fac          CARE A4        10
Academy
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Anadi Rice Mill Pvt Ltd               LT BkFac           CARE BB-       150
(Issuer Not Cooperating)
Ardisons Associates                   LT BkFac           CARE BB-       65      Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
B. J. Hotels Pvt Ltd                  LT Bk Fac          CARE D         61.2
(Issuer Not Cooperating)
Bansal Rice Mills                     LT Bk Fac          CARE B-        150
(Issuer Not Cooperating)
Barak Valley Cements Ltd              LT Bk Fac          CARE B         250     Assigned
Bcv Developers Pvt Ltd                LT Bk Fac          CARE BBB+      3000    Reaffirmed
Bhumika Egg Educing Valley            LT Bk Fac          CARE B-        60.6
(Issuer Not Cooperating)
C. P. Ispat Pvt Ltd                   LT Bk Fac          CARE D         145
(Issuer Not Cooperating)
C. P. Sponge Iron Pvt Ltd             LT Bk Fac          CARE D         200
(Issuer Not Cooperating)
Card Pro Solutions Pvt Ltd            LT Bk Fac          CARE D         48.4
(Issuer Not Cooperating)
Devghar Ispat                         LT Bk Fac          CARE B         85      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Dkm Agencies Pvt Ltd                  LT Bk Fac          CARE D         83
(Issuer Not Cooperating)
Emmanuel Resorts Pvt Ltd              LT Bk Fac          CARE B         113     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Gayatri Bioorganics Ltd               LT Bk Fac          CARE D         166.6
(Issuer Not Cooperating)
Geoxa Logistics                       LT Bk Fac          CARE D         66      Revised from
                                                                                CARE B
(Issuer Not Cooperating)
Geoxa Steels Pvt Ltd                  LT Bk Fac          CARE D         50      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Helios Photo Voltaic Ltd              LT Bk Fac          CARE D         9783.8
(Issuer Not Cooperating)
Hfm Solar Power Pvt Ltd               LT BkFac           CARE BB-       114.2   Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Huhtamaki Foodservice Packaging India LT Bk Fac          CARE B         230
Pvt Ltd
(Issuer Not Cooperating)
J J Extrusion Pvt Ltd                 LT Bk Fac          CARE B+        120
(Issuer Not Cooperating)
J.B.R. Technologies Ltd               LT Bk Fac          CARE BB        123.3   Reaffirmed
Kaushalya Spinners                    LT Bk Fac          CARE BB-       94.5    Reaffirmed
(enhanced from Rs.8.71 Crore)
Kolkata Marine Products Pvt Ltd       LT Bk Fac          CARE BB-       5
(Issuer Not Cooperating)
Ksr Developers Pvt Ltd                Long -term BkFac   CARE B+        200     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Micron Pharmaceuticals                LT Bk Fac          -              -       Withdrawn
Micron Pharmaceuticals                LT/ ST Bk Fac      -              -       Withdrawn
Moser Baer Solar Ltd                  LT Bk Fac          CARE D         8814.6
(Issuer Not Cooperating)
Nanibala Cold Storage Pvt Ltd         LT BkFac           CARE B+        70
(Issuer Not Cooperating)
Omfurn India Ltd                      LT Bk Fac          CARE BB+       129.2   Assigned
Praveedh Decor Pvt Ltd                LT Bk Fac          CARE B         22.2    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Praveedh Decor Pvt Ltd                Proposed LT BkFac  CARE B         10
(Issuer Not Cooperating)
R.G.R Educational Trust               LT Bk Fac          CARE B+        100     Assigned
Raheja Icon Entertainment Pvt Ltd     NCD issue          CARE B (SO)    680
(Issuer Not Cooperating)
Raheja Icon Entertainment Pvt Ltd     NCD issue          CARE B (SO)    680
(Issuer Not Cooperating)
Ridham Texport Pvt Ltd                LT Bk Fac          CARE B         75.1
(Issuer Not Cooperating)
S. N. Hotels And Resorts Pvt Ltd      LT BkFac           CARE B+        55.9
(Issuer Not Cooperating)
Sai International (Delhi)             LT BkFac           CARE B+        97      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Sai International (Delhi)             LT/STBk Fac        CARE B+/A4     47.5    Revised from
                                                                                CARE BB- /
                                                                                CARE A4
(Issuer Not Cooperating)
Sai Traders                           LT Bk Fac          CARE B+        30      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Shri Ram Solvex                       LT Bk Fac          CARE B         187.5
(Issuer Not Cooperating)
Sri Krishnadevaraya Constructions     LT BkFac           CARE BB+       50      Revised from
                                                                                CARE BB+
Sri Laxmi Srinivasa Industries        LT Bk Fac          CARE B+        127.7   Reaffirmed
Suyash Chemical & Fertilizers Pvt Ltd LT Bk Fac          CARE BB        286.2
(Issuer Not Cooperating)
Swami Devi Dyal Hi-Tech Education     LT Bk Fac          CARE B+        100     Revised from
Academy                                                                         CARE BB-
(Issuer Not Cooperating)
Timarpur Okhla Waste Management Co. LtLT Fac (TL)        CARE BBB+      1350    Assigned
Vishal Sales                          LT BkFac           CARE B+        80
(Issuer Not Cooperating)
White Gold Cotton & Oil Industries    LT Bk Fac          CARE BB-       80      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@thomsonreuters.com)
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