July 23, 2019 / 5:16 AM / 2 months ago

CARE ratings for Indian debt instruments-Jul 23

    Jul 23 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of July 22, 2019.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adhyashakti Paper Pvt Ltd             ST Bk Fac          -              -       Withdrawn
Atishay Ltd                           ST Bk Fac          -              -       Withdrawn
A. M. Rice Mills                      ST BkFac           CARE A4        60      -
Issuer not cooperating;Based on best available information
Alembic Pharmaceuticals Ltd           CP (CP) Issue      CARE A1+       7500    Reaffirmed
Anjani Steels Ltd                     ST Bk Fac          CARE A4        215     Assigned

Bhanu Construction                    ST Bk Fac          CARE A4        350     -
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
Capital Photo Service Pvt Ltd         ST BkFac           CARE A3        60      Revised from
                                                                                CARE A4+
Chander Bhan Yogesh Kumar             ST BkFac           CARE A4        30      -
Issuer not cooperating;Based on best available information
Maximaa Systems Ltd                   ST Bk Fac          CARE D         20      -
Issuer Not Cooperating; Based on best available information
Ecl Finance Ltd                       CP (IPO Financing) CARE A1+       50000   Assigned
Edelweiss Rural & Corporate Services  CP (IPO Financing) CARE A1+       50000   Assigned
Ltd (Erstwhile Edelweiss Commodities
Services Ltd)
G L Constructions Pvt Ltd             ST BkFac           CARE A4        90      -
Issuer not cooperating; Based on best available information
Hema Dyechem Pvt Ltd                  ST BkFac           CARE A4+       22      -
Issuer not cooperating; On the basis of best available information
Jagrati Trade Services Pvt Ltd        ST Bk Fac          CARE A4        44      -
Issuer not cooperating; based on best available information.
Veer Energy & Infrastructure Ltd      ST Bk Fac          -              -       Withdrawn
Vijit International Pvt Ltd           ST Bk Fac          CARE D         10      -
Issuer Not Cooperating; based on best available information.
Jayshree Automobiles India Pvt. Ltd.  ST Bk Fac          CARE A4+       135     -
Issuer not cooperating; based on best available information.
Kpc Flexi Tubes                       ST Bk Fac          CARE A4        120     -
Issuer Not Cooperating on the basis of best available information
Krupalu Rice Industries Pvt Ltd       ST BkFac           CARE A4        10      -
Issuer not cooperating;Based on best available information
New Saraswati House (India) Pvt Ltd   ST Bk Fac          CARE A1 (CE)*  50      Reaffirmed
Niros Ispat Pvt. Ltd.                 ST Bk Fac          CARE A4        110     -
Issuer not cooperating; Based on best available information
Rachana Enterprises                   ST Bk Fac          CARE A4        25      Reaffirmed
S Chand And Company Ltd               ST Bk Fac          CARE A1        30      Reaffirmed
Saffron Speciality Papers Pvt Ltd     ST Bk Fac          CARE A4        35      -
Issuer not cooperating; Based on best available information
Sanjay Grain Products Pvt Ltd         ST Bk Fac          CARE A4        60      -
Issuer not cooperating;Based on best available information
Smk Petrochemicals India Pvt Ltd      ST Bk Fac          CARE A4        7.5     Reaffirmed
Sri Jagannath Transport Corporation   ST BkFac           CARE A4        80      Revised from
                                                                                CARE A4+
Issuer Not Cooperating; Based on best available information
Superior Food Grains Pvt Ltd          ST BkFac           CARE A4        20      Reaffirmed
                                      (Non-FundBase)
Tulsi Devi Educational Society        STBk Fac           CARE A4        37      -
Issuer not cooperating;Based on best available information
Vikas Publishing House Pvt Ltd        ST BkFac           CARE A1 (CE)   120     Reaffirmed

MEDIUM TERM RATINGS:
-------------------
A. M. Rice Mills                      LT BkFac           CARE B         120     -
Issuer not cooperating;Based on best available information
Ace Clothing Company Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Ace Clothing Company Pvt Ltd          LT Bk Fac/ST Bk    -              -       Withdrawn
                                      Fac
Adhyashakti Paper Pvt Ltd             LT/ ST Bk Fac      -              -       Withdrawn
Ally Pharma Options Pvt Ltd           LT/ ST Bk Fac      CARE B+/CARE A4100     -
Issuer not cooperating; Based on best available information
Anand Swaroop Arya Saraswati Vidhya   LT BkFac           CARE B+        80      Revised from
Mandir Sr. Sec. School                                                          CARE BB-
Issuer not cooperating; Based on best available information
Anjani Steels Ltd                     LT Bk Fac          CARE BB        1380.5  Assigned
Atishay Ltd                           LT Bk Fac          -              -       Withdrawn
Bhanu Construction                    LT Bk Fac          CARE BB-       100     -
Issuer not cooperating; Based on best available information
Capital Photo Service Pvt Ltd         LT BkFac           CARE BBB-      155     Revised from
                                                                                CARE BB+
Chander Bhan Yogesh Kumar             LT BkFac           CARE B         80      -
Issuer not cooperating; Based on best available information
Cheeka Rice Mill                      LT Bk Fac          CARE B         80      -
Issuer Not Cooperating on the basis of best availableinformation
Classic Mall Development Company Pvt LTL (Lease Rental   CARE BBB+ (SO) 2500    Assigned
                                      Discounting)
Dhana Shree Developers                LT Bk Fac          CARE D         13.2    -
Issuer not cooperating; Based on best available information
Dorabji Auto                          LT BkFac           CARE BB        70      -
Issuer not cooperating;Based on best available information
Espire Infolabs Pvt Ltd               LT Bk Fac LT/ST Bk - -            -       Withdrawn
                                      Fac Total Fac
G L Constructions Pvt Ltd             Long -term BkFac   CARE BB-       63.2    -
Issuer not cooperating; Based on best available information
Govind Milk & Milk Products Pvt Ltd   LT Bk Fac          CARE BB        617.4   -
Issuer not cooperating;Based on best available information
Harrow Educational Society            LT Bk Fac          CARE D         53.9    -
Issuer Not Cooperating; Based on best available information
Helios Mercantile Ltd                 LT Bk Fac          -              -       Withdrawn
Hema Dyechem Pvt Ltd                  LT/STBk Fac        CARE BB+/CARE  145     -
                                                         A4+
Issuer not cooperating; On the basis of best available information
Himanshu Industries                   LT Bk Fac          CARE D         100     -
Issuer Not Cooperating; Based on best available information
Hotel Meghna                          LT Bk Fac          CARE BB-       154.9   Assigned
Jagrati Trade Services Pvt Ltd        LT/ STBk Fac       CARE B/CARE A4 5       -
Issuer not cooperating; based on best available information.
Jayshree Automobiles India Pvt. Ltd.  LT Bk Fac          CARE BB        35      -
Issuer not cooperating; based on best available information.
Joy Mahaprovu Cold Storage Pvt Ltd    LT Bk Fac          CARE B         80      -
Issuer not cooperating; based on best available information.
Kameshwar Industries                  LT Bk Fac          CARE D         84.5    -
Issuer not cooperating; Based on best available information
Kgp Gold 916                          LT Bk Fac          -              -       Withdrawn
Khandoba Distilleries Ltd             LT Bk Fac          -              -       Withdrawn
Kpc Flexi Tubes                       LT Bk Fac          CARE B         22      -
Issuer Not Cooperating on the basis of best available information
Krupalu Rice Industries Pvt Ltd       LT BkFac           CARE BB-       67.2    -
Issuer not cooperating;Based on best available information
Lokmangal Agro Industries Ltd         LT BkFac           CARE B         1100    Revised from
                                                                                CARE BB
Issuer not cooperating;Based on best available information
Maa Annapurna Sheetgrah               LT BkFac           CARE B+        140.4   Reaffirmed
Maa Annapurna Sheetgrah               LT/ST Bk Fac       CARE B+/CARE   1.6     Reaffirmed
                                                         A4
Maximaa Systems Ltd                   LT Bk Fac          CARE D         63.3    -
Issuer Not Cooperating; Based on best available information
New Saraswati House (India) Pvt Ltd   LT Bk Fac          CARE A (CE)    416.7   Reaffirmed
New Tuples Educational Society        LT BkFac           CARE B         50.6    -
Issuer not cooperating; Based on best available information
Nirja Publishers And Printers Pvt Ltd LT Bk Fac          -              -       Withdrawn
Niros Ispat Pvt. Ltd.                 LT Bk Fac          CARE BB-       585.5   -
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
Power Televentures Pvt Ltd            LT/ ST Bk Fac      CARE D/CARE D  80      -
Issuer not cooperating; Based on best available information
Proagri Seeds                         LT Bk Fac          CARE B         85      -
Issuer not cooperating; Based on best available information
Rachana Enterprises                   Long / ST BkFac    CARE BB/CARE   30      Reaffirmed
                                                         A4
Rajendra Rice And General Mills       LT Bk Fac          CARE B         65      -
Issuer not cooperating; Based on best available information
Rajendra Rice And General Mills       LT/ STBk Fac       CARE B/CARE A4 5       -
Issuer not cooperating; Based on best available information
S Chand And Company Ltd               LT Bk Fac          CARE A         1050    Reaffirmed
Saffron Speciality Papers Pvt Ltd     LT Bk Fac/ ST Bk   CARE B+/CARE A445      -
                                      Fac
Issuer not cooperating; based on best available information
Sanjay Grain Products Pvt Ltd         LT Bk Fac          CARE BB        325.6   -
Issuer not cooperating;Based on best available information
Savitri Swadeshi Bikri Kendra         LT Bk Fac          CARE B         100     Revised from
                                                                                CARE B+
Issuer not cooperating;Based on best available information
Shree Pandurang Sahakari Sakhar       LT Bk Fac          CARE BB        2684.8  -
Karkhana Ltd
Issuer not cooperating;Based on best available information
Shree R. R. Pipes                     LT Bk Fac          CARE D         100     -
Issuer Not Cooperating; Based on best available information
Shrikalyani Agritech Pvt Ltd          LT BkFac           CARE B         103.1   -
Issuer Not Cooperating; Based on best available information
Shyam Tea Plantation                  LT BkFac           CARE B         69      -
Issuer Not Cooperating; Based on best available information
Smk Petrochemicals India Pvt Ltd      LT Bk Fac          CARE BB-       107.5   Reaffirmed
Sri Jagannath Transport Corporation   LT BkFac           CARE BB        60      Revised from
                                                                                CARE BB+
Issuer Not Cooperating; Based on best available information
Superior Food Grains Pvt Ltd          LT BkFac (TL)      CARE C         256.9   Revised from
                                                                                CARE D
Superior Food Grains Pvt Ltd          LT BkFac (Fund     CARE C         400     Reaffirmed
                                      Based)
Supreme Mills India Pvt Ltd           Long -term Fac     CARE BB-       57.5    Reaffirmed
Removed from Issuer Not Cooperating
Suzuki Textiles Ltd                   LT Bk Fac          CARE D         1438.7  -
Issuer not cooperating; Based on best available information
Tegan Texofab Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Tegan Texofab Pvt Ltd                 LT/ ST Bk Fac      -              -       Withdrawn
Tirupati Steel Enterprises            LT Bk Fac          CARE B+        200     -
Issuer not cooperating; Based on best available information
Tulsi Devi Educational Society        LT BkFac           CARE B         18.6    -
Issuer not Cooperating;Based on best available information
Vardhman Spinners                     LT Bk Fac          CARE BB-       118.7   Reaffirmed
Veer Energy & Infrastructure Ltd      LT Bk Fac          -              -       Withdrawn
Vijit International Pvt Ltd           LT Bk Fac          CARE D         60      -
Issuer Not Cooperating; based on best available information.
Vikas Publishing House Pvt Ltd        LT BkFac           CARE A (CE)    675     Reaffirmed
Yash Electrical System                LT Bk Fac          -              -       Withdrawn
Yash Electrical System                LT/ ST Bk Fac      -              -       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@thomsonreuters.com)
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