July 21, 2020 / 6:44 AM / 21 days ago

CARE ratings for Indian debt instruments-Jul 21

    Jul 21  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of July 20, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Akash Fishmeal And Fishoil Pvt Ltd   ST Bk Fac         CARE A4;      40     -
(Issuer not cooperating; based on best available information)
Adea Powerquips Pvt Ltd              ST Bk Fac         CARE D;       14     -
(Issuer not cooperating; based on best available information)
Indera Ethnics And Designs Pvt Ltd   ST Bk Fac         CARE A4       5      Revised from
                                                                            CARE A4
(Issuer not cooperating)
Rolex Rings Pvt Ltd                  ST Bk Fac         CARE A4       2895.9 Reaffirmed
Transglobal Power Ltd                ST BkFac          CARE A4+      850    Reaffirmed
(Removed from Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Adea Powerquips Pvt Ltd              LT Bk Fac         CARE D;       60.6   -
(Issuer not cooperating; based on best available information)
Akash Fishmeal And Fishoil Pvt Ltd   LT Bk Fac         CARE B;       185    Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Alchemist Hospitals Ltd              LT Bk Fac         CARE BB +     553.8  Placed on
                                                       (Under Credit        Credit Watch
                                                       Watch with           with Negative  
                                                       Implications         Implications
Alchemist Hospitals Ltd              Proposed          CARE BB+      250    Assigned
                                     Optionally        (Under Credit
                                     Convertible Debnt Watch with
                                                       Negative 
                                                       Implications)
Amber Electrotech Ltd                LT BkFac          CARE BB-;     400    Revised from
                                                       Stable;              CARE BB;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Balaji Engineering                   LT Bk Fac         CARE D        100    Assigned
Borah Agencies Pvt Ltd               LT BkFac          CARE B;       100    Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Gnet Tradelinks Pvt Ltd              LT Bk Fac         CARE B+;      20     Assigned
                                                       Stable
Gnet Tradelinks Pvt Ltd              LT Bk Fac/ ST Bk  CARE B+;      100    Assigned
                                     Fac               Stable/CARE A4
Goyal Cattle Feed Industries         LT Bk Fac         CARE D;       52.5   -
(Issuer not cooperating; based on best available information)
Henraajh Feeds India Pvt Ltd         LT BkFac          CARE B+;      177.2  Revised from
                                                       Stable               CARE BB-;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Ikf Finance Ltd                      Proposed NCD IssueCARE A; Stable1250   Assigned
Indera Ethnics And Designs Pvt Ltd   LT Bk Fac         CARE B; Stable50     Revised from
                                                                            CARE B; Stable
(Issuer not cooperating)
J.M. Housing Ltd                     LT Bk Fac         CARE D        740    Reaffirmed
Maneesh Pipes Pvt Ltd                LT BkFac          CARE B+;      191.5  Revised from
                                                       Stable;              CARE BB-;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Morgan Credits Pvt. Ltd.             NCD               CARE D        1063   Revised from
                                                                            CARE BB;
                                                                            Negative
Ramakrishna Electronics_(Kurnool)    LT Bk Fac         CARE D;       300    -
(Issuer not cooperating; based on best available information)
Rolex Rings Pvt Ltd                  LT Bk Fac         CARE BB;      887.8  Revised from
                                                       Stable               CARE BB-;
                                                                            Stable
(reduced from 169.90 Crore)
Sitapuram Power Ltd                  LT Bk Fac         -             -      Withdrawn
Srinithi Enterprises Pvt Ltd         LT Bk Fac         CARE BB;      150    -
                                                       Stable;
(Issuer not cooperating; based on best available information)
Transglobal Power Ltd                LT BkFac          CARE BB+;     120    Revised from
                                                       Positive             CARE BB+;
                                                                            Stable
(Removed from Issuer Not Cooperating)
Vantage Machine Tools Pvt Ltd        LT BkFac          CARE B-;      150    -
(Issuer not cooperating; based on best available information)
Vantage Spinners Pvt Ltd             LT Bk Fac         CARE D;       687.5  -
(Issuer not cooperating; based on best available information)
Versant Online Solutions Pvt Ltd     LT Bk Fac         CARE B-;      29.5   Revised from
                                                                            CARE B
(Issuer not cooperating; on the basis of best available information)
Vijaya Durga Green Fields Pvt Ltd    LT Bk Fac         CARE D;       80     -
(Issuer not cooperating; based on best available information)
--------------------------------------------------------------------------------------------
$: 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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