July 29, 2020 / 9:12 AM / 15 days ago

CARE ratings for Indian debt instruments-Jul 29

    Jul 29  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of July 28, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Agarwal Transport Corporation Pvt LtdST Bk Fac         -             -      Withdrawn
Ems And Exports                      ST BkFac          CARE A4;      430
(Issuer not cooperating; based on best available information)
Flash Forge Pvt Ltd                  STBk Fac          CARE A3;      1170   Revised from
                                                                            CARE A3+
(Issuer not cooperating; on the basis of best available information)
Garden Silk Mills Ltd                ST Bk Fac         CARE D;       5320
Hema Construction                    ST Bk Fac         CARE D;       45
(Issuer not cooperating; based on best available information)
Pioneer Food & Agro Industries Pvt   ST Bk Fac         CARE D;       300
Ltd
(Issuer not cooperating; on the basis of best available information)
J. K. Fenner (India) Ltd             CP (carved out)** --            0      Withdrawn
** carved out of the sanctioned working capital limits of the company
J. K. Fenner (India) Ltd             CP                --            0      Withdrawn
Tulsyan Nec Ltd                      ST Bk Fac         CARE D;       1421.6
(Issuer not cooperating; based on best available information)
Ideal Carpet Industries              ST BkFac          CARE A4;      80
(Issuer not cooperating; based on best available information)
Kohinoor International Pvt Ltd       ST Bk Fac         CARE A4       50     Reaffirmed
Mahavir Global Inc                   ST Bk Fac         CARE A4       70     Reaffirmed
Neha Exports                         ST BkFac          CARE A4;      140
(Issuer not cooperating; based on best available information)
Raymond Ltd                          ST BkFac          CARE A1+      9415   -
                                                       Credit watch with
                                                       Developing
                                                       Implications
Raymond Ltd                          CP                CARE A1+      5500   -
                                                       Credit watch with
                                                       Developing
                                                       Implications
Rama Infraprojects Pvt Ltd           ST Bk Fac         CARE A4;      20
(Issuer not cooperating; based on best available information)
Vishwa Infrastructures And Services  ST Bk Fac         CARE D;       4940
Pvt Ltd
(Issuer not cooperating; based on best available information)
Sujata Udit Builders Pvt Ltd         ST Bk Fac         CARE A4       43.1   Assigned
The Amir Education Society           ST BkFac          CARE A4;      145    Revised from
                                                                            CARE A4
(Issuer not cooperating; based on best available information)

LONG TERM RATINGS:
-------------------
Adore Suitings Pvt Ltd               LT Bk Fac         CARE B;       57.3
(Issuer not cooperating; based on best available information)
Agarwal Transport Corporation Pvt LtdLT Bk Fac         -             -      Withdrawn
Kalyaneswari Polyfabs Pvt Ltd        LT BkFac          CARE A4;      5
(Issuer not cooperating; based on best available information)
Amar Jyoti Janhit Karini Samiti      LT BkFac          CARE B+;      99     Revised from
                                                       Stable;              CARE BB-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Brajesh Automobiles Pvt Ltd          LTBk Fac          CARE BB;      245    Revised from
                                                       Stable;              CARE BB+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Economy Sales                        LT BkFac- ProposedCARE C;       90     Revised from
                                                       Stable/CARE A4;      CARE B;
                                                                            Stable/ CARE A4
(Issuer not cooperating; based on best available information)
Ems And Exports                      LT BkFac          CARE C;       20
(Issuer not cooperating; based on best available information)
Flash Forge Pvt Ltd                  LT BkFac          CARE BBB-;    480    Revised from
                                                       Stable:              CARE BBB;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Garden Silk Mills Ltd                LT Bk Fac         CARE D;       17793.2
(Issuer not cooperating; based on best available information)
Hema Construction                    LT Bk Fac         CARE D;       45
(Issuer not cooperating; based on best available information)
Highbar Technologies Ltd             Bk Fac- FBLT- TL  CARE D;       110    Reaffirmed
(Issuer not cooperating; based on best available information)
Ideal Carpet Industries              LT BkFac          CARE C;       40.8   Revised from
                                                       Stable;              CARE B+;Stable
(Issuer not cooperating; based on best available information)
Kalyaneswari Polyfabs Pvt Ltd        LT BkFac          CARE B-;      99.5   Revised From
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; based on best available information)
Khanna Jewellers Pvt Ltd             LT Bk Fac         CARE BB;      760.9  Revised from
                                                       Stable               CARE BB-;
                                                                            Stable
(Issuer not cooperating)
Kohinoor International Pvt Ltd       LT/ST BkFac       CARE B+;      50     Reaffirmed
                                                       Stable/CARE A4
(Issuer not cooperating; on the basis of best available information)
M.K. Mathivathanan                   Long -term Bk Fac CARE B-;      203.2  Revised from
                                                                            CARE B
(Issuer not cooperating; based on best available information)
Mahavir Global Inc                   LT Bk Fac         CARE BB-;     22.4   Reaffirmed
                                                       Stable
(reduced from Rs.2.50 crore Crore)
Mohan Motor Udyog Pvt Ltd            LT Bk Fac         CARE D;       600
(Issuer not cooperating; on the basis of best available information)
Neha Exports                         LT BkFac          CARE C;       10
(Issuer not cooperating; based on best available information)
Northern Solvents Pvt Ltd            LT Bk Fac         CARE BB-;     90     Assigned
                                                       Stable
Om Besco Rail Products Ltd           LT Bk Fac         CARE D;       460
(Issuer not cooperating; on the basis of best available information)
Omkar Infratech Ltd                  LT Bk Fac         CARE B-;      62.8   Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Pannu Stone Crusher                  LT Bk Fac-        CARE C;       97.5   Revised from
                                     Proposed          Stable;              CARE B; Stable
(Issuer not cooperating; based on best available information)
Paradise Polymers Ltd                LT Bk Fac         CARE D;       81
(Issuer not cooperating; based on best available information)
Paradise Polymers Ltd                LT/ST Bk Fac      CARE D;       20
(Issuer not cooperating; based on best available information)
Rama Infraprojects Pvt Ltd           LT Bk Fac         CARE B;       50     Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Raymond Ltd                          Proposed NCDs     CARE AA       3950   Assigned
                                                       Credit watch with
                                                       Developing
                                                       Implications
Raymond Ltd                          Proposed NCDs     CARE AA       550    Reaffirmed
                                                       Credit watch with
                                                       Developing
                                                       Implications
Raymond Ltd                          LT Bk Fac         CARE AA       7235   - 
                                                       Credit watch with
                                                       Developing
                                                       Implications
Raymond Ltd                          NCD               CARE AA       1450   - 
                                                       Credit watch with
                                                       Developing
                                                       Implications
Regal Emporia Infratech Pvt Ltd      LT Bk Fac         -             -      Revised from
                                                                            CARE BB-;
                                                                            Stable and Withdrawn
Shreeraj Roto India Ltd              LT Bk Fac         CARE B-;      63.2   Revised from
                                                       Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Shri Krishna Forgings                LT Bk Fac-        CARE B;       120    Revised from
                                     Proposed          Stable;              CARE BB-;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Shri Vrindavanbihari Cold Storage PvtLTBkFac           CARE B-;      52.5   Revised from
Ltd                                                    Stable;              CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Srinivasa Edifice Pvt Ltd            LT Bk Fac         CARE BB-;     150    Revised from
                                                                            CARE BB
(Issuer not cooperating)
Sujata Udit Builders Pvt Ltd         LT Bk Fac         CARE BB-;     30     Assigned
                                                       Stable
The Amir Education Society           LT BkFac          CARE BB-;     55     Revised from
                                                       Stable;              CARE BB;
                                                                            Stable
(Issuer not cooperating; based on best available information)
The Batasingaram Farmer'S Service Co-LT Bk Fac         CARE B; Stable150    -
Society Ltd
(Issuer not cooperating; based on best available information)
Tulsyan Nec Ltd                      LT Bk Fac         CARE D;       8308.2
(Issuer not cooperating; based on best available information)
Vibrant Fab Pvt Ltd                  LT/STBk Fac       CARE B /CARE  125    Revised from
                                                       A4;                  CARE B+/CARE
                                                                            A4
(Issuer not cooperating; based on best available information)
Vishwa Infrastructures And Services LT Bk Fac         CARE D;       4827.1
Pvt Ltd
(Issuer not cooperating; based on best available information)
White Gold Cotton And Oil Industries LT Bk Fac         -             -      Withdrawn
Wipro Enterprises (P) Ltd            Issuer Rating     CARE AAA (Is);-      Reaffirmed
                                                       Stable
Wipro Enterprises (P) Ltd            NCDs- Proposed    CARE AAA;     30000  Assigned
                                                       Stable
--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below