July 30, 2018 / 4:55 AM / 4 months ago

CARE ratings for Indian debt instruments-Jul 30

    Jul 30 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of July 27, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A.M. Rice Mills                       ST Bk Fac          CARE A4        60      -
Issuer not cooperating
Bg Shirke Construction Technology Pvt CP-Proposed#       CARE A1        2000    Reaffirmed
Ltd
# Carved out of sanctioned working capital limits of the company. 
Bhanu Construction                    ST Bk Fac          CARE A4        350     -
Issuer not cooperating
Bharat Petroleum Corporation Ltd      Proposed CP Issue  CARE A1+       20000   Assigned
C Doctor And Company Pvt Ltd          ST Bk Fac          CARE A4        26.5    Reaffirmed
Cel Packaging Pvt Ltd                 ST Bk Fac          CARE A4        67.5    Assigned
Cera Sanitaryware Ltd                 ST Bk Fac          CARE A1+       100     Reaffirmed
(Reduced from 23.00 Crore)
Chhajed Foods Pvt Ltd                 ST Bk Fac          CARE A4+       10      Assigned
Corlim Marine Exports Pvt Ltd         ST Bk Fac          CARE A3        300     -
Issuer not cooperating
Essel Mining And Industries Ltd       CP Issue           CARE A1+       20000   Reaffirmed
(Enhanced from 1,000.00 Crore)
Goel Road Carriers Pvt Ltd            ST Bk Fac          CARE A4        5       Assigned
Jay Shiv Agro Industries              ST Bk Fac          -              -       Withdrawn
Kpc Flexi Tubes                       ST Bk Fac          CARE A4        120     -
Issuer not cooperating
Prasad Corporation Pvt Ltd            ST Bk Fac          CARE A4+       100     Assigned
Precision Plastic Industries Pvt. Ltd.ST Bk Fac – Non    CARE A3        120     Re-affirmed
                                      Fund Based-
                                      LC/BGLimits
R. B. Cars Pvt Ltd                    ST Bk Fac          -              -       Withdrawn
Ranbanka Heritage Resorts Pvt Ltd     ST Bk Fac          CARE A4        0.8     -
Issuer not cooperating
Reliance Infrastructure Ltd           ST Bk Fac          CARE A2        15000   Revised from
                                                                                CARE A2+
Rushil Decor Ltd                      ST BkFac           CARE A2        330     Reaffirmed
S.A. Iron And Alloy Pvt Ltd           ST Bk Fac          CARE A4        30      -
Issuer not cooperating
The Rishabh Winpro Pvt Ltd            ST Bk Fac          CARE A4        70      -
Issuer not cooperating
Tulsi Devi Education Society          ST Bk Fac          CARE A4        37      Revised from
                                                                                CARE A4
Issuer not cooperating
Victora Tool Engineers Pvt Ltd        ST Bk Fac          CARE A4+       18.5    Revised from
                                                                                CARE A3

MEDIUM TERM RATINGS:
-------------------
Small Industries Development Bank Of  Fixed Deposit      CARE AAA (FD)  80000   Reaffirmed
India                                 Program
(enhanced from Rs.7,000 crore Crore)

LONG TERM RATINGS:
-------------------
A.M. Rice Mills                       LT Bk Fac          CARE B         120     -
Issuer not cooperating
Aadhar Housing Finance Ltd (Erstwhile LT Bk Fac          CARE AA        7900    Assigned
Dhfl Vysya Housing Finance Ltd)
Ahuja And Anand Buildwell Pvt Ltd     LT Bk Fac          -              -       Withdrawn
Best Koki Automotive Pvt Ltd          LT Bk Fac          CARE BB+       143.3   -
ISSUER NOT COOPERATING
Best Koki Automotive Pvt Ltd          LT / Shortterm Bk  CARE BB+/A4+   50      -
                                      Fac
ISSUER NOT COOPERATING
Bhanu Construction                    LT Bk Fac          CARE BB        100     -
Issuer not cooperating
Bisui Poultry Pvt Ltd                 LT Bk Fac          CARE B+        87.5    Reaffirmed
C Doctor And Company Pvt Ltd          LT Bk Fac          CARE B-        20      Revised from
                                                                                CARE B
C Doctor And Company Pvt Ltd          LT/ST Bk Fac       CARE B-/A4     202     Revised from
                                                                                CARE B and ST
                                                                                Rating
Reaffirmed
Cel Packaging Pvt Ltd                 Long- term Bk Fac  CARE BB        30      Assigned
Cera Sanitaryware Ltd                 LT Bk Fac          CARE AA        -       Reaffirmed
(Reduced from 54.89 Crore),
# amount has been reduced based on no-due certificate received from lenders and confirmation
from client for its termloan facility.
Cera Sanitaryware Ltd                 LT/ ST BkFac       CARE AA/A1+    220     Reaffirmed
Chhajed Foods Pvt Ltd                 LT Bk Fac          CARE BB        518.7   Assigned
Chhajed Foods Pvt Ltd                 LT/ST Bk Fac       CARE BB/A4+    120     Assigned
Corodex Infrastructure Pvt Ltd        LT Bk Fac          CARE BB-       20      -
Issuer not cooperating
Corodex Infrastructure Pvt Ltd        LT/ST Bk Fac       CARE BB-/A4    140     -
Issuer not cooperating
Critical Access Health Services &     LT Bk Fac          CARE B         85      -
Research Centre Pvt Ltd
ISSUER NOT COOPERATING
Enchikandathil Jewellery              LT Bk Fac          CARE B+        80      Assigned
Exclusive Overseas Pvt Ltd            LT Bk Fac          CARE B         177.1   Revised from
                                                                                CARE B+
Issuer not cooperating
Exclusive Overseas Pvt Ltd            LT/Shortterm Bk    CARE B/A4      80      Revised from
                                      Fac                                       CARE B+/CARE
                                                                                A4
Issuer not cooperating
Finova Capital Pvt. Ltd.              LT Bk Fac(Fund     -              -       Withdrawn*
                                      based)
*The rating of the company on fund based (CC limit) bank facilities has been withdrawn following
receipt of no dues certificate from bank.
Finova Capital Pvt. Ltd.              LT Bk Fac (TL)     CARE BBB-      1150    Reaffirmed
(enhanced from 112 Crore)
Gayatri Weavers Pvt Ltd               LT BkFac #Fac      CARE A-(SO)    326     Assigned
# Bank facilities are backed by the unconditional and irrevocable corporate guarantee of Jindal
Worldwide Limited.
Globetech Medicare Pvt Ltd            LT Bk Fac          CARE B         257     -
ISSUER NOT COOPERATING
Goel Road Carriers Pvt Ltd            LT Bk Fac          CARE BB        105     Assigned
Henraajh Feeds India Pvt Ltd          LT Bk Fac          CARE BB-       177.2   Reaffirmed
(Reduced from 18.78 Crore)
Jay Shiv Agro Industries              LT Bk Fac          -              -       Withdrawn
Jay Shiv Agro Industries              Long- term/ ST Bk  -              -       Withdrawn
                                      Fac
Kalbavi Cashews                       LT Bk Fac          CARE BB+       330     Assigned
Kpc Flexi Tubes                       LT Bk Fac          CARE B         22      -
Issuer not cooperating
Lioli Ceramica Pvt Ltd                LT Bk Fac          CARE B+        1010    Reaffirmed
(enhanced from Rs.8.00 crore Crore)
Lioli Ceramica Pvt Ltd                LT/ ST BkFac       CARE B+/A4     234     Reaffirmed
(enhanced from Rs.17.00 crore Crore)
M K M S Builders                      LT Bk Fac          CARE B+        60      Assigned
Majestic Basmati Rice Pvt Ltd         LT Bk Fac          CARE B+        376.3   Issuer not
                                                                                cooperating
Issuer not cooperating
Prasad Corporation Pvt Ltd            LT Bk Fac          CARE BB+       50      Assigned
Prathamesh Constructions              LT Bk Fac          -              -       Withdrawn
Precision Plastic Industries Pvt. Ltd.LT Bk Fac – TL     CARE BBB-      500.1   Revised from
                                                                                CARE BBB
(reduced from Rs.52.75 crore Crore)
Precision Plastic Industries Pvt. Ltd.LT Bk Fac – CC     CARE BBB-      450     Revised from
                                      Limit                                     CARE BBB
R. B. Cars Pvt Ltd                    LT Bk Fac          -              -       Withdrawn
Ramen Deka                            LT Bk Fac          CARE B+        52.8    Reaffirmed
(reduced from 6.50 Crore)
Ranbanka Heritage Resorts Pvt Ltd     LT Bk Fac          CARE B         61.3    -
Issuer not cooperating
Raymix Concrete India Pvt Ltd         LT Bk Fac          CARE B         200     Assigned
Rcs Steel And Auto Pvt Ltd            LT Bk Fac          CARE B         39.8    -
Issuer not cooperating
Reliance Infrastructure Ltd           LT Bk Fac          CARE BBB+      37000   Revised from
                                                                                CARE A-
Reliance Infrastructure Ltd           LT NCD -1          CARE BBB+      8000    Revised from
                                                                                CARE A-
Reliance Infrastructure Ltd           LT NCD-2           CARE BBB+      12000   Revised from
                                                                                CARE A-
Reliance Infrastructure Ltd           LT NCD-3           CARE BBB+      3650    Revised from
                                                                                CARE A-
Rushil Decor Ltd                      LT BkFac           CARE BBB+      2326.1  Revised from
                                                                                CARE BBB+
(enhanced from Rs.112.37 crore Crore)
S.A. Iron And Alloy Pvt Ltd           LT Bk Fac          CARE B+        620     Revised from
                                                                                CARE BB
Issuer not cooperating
Shirke Club Management Llp            LT Bk Fac-TL #     CARE A- (SO)   420     Assigned
# backed by irrevocable Letter of Comfort (LoC) extended by B.G. Shirke Construction Technology
Private Limited(BGSCTPL, rated ‘CARE A1’)
Siwal Infracon Pvt Ltd                LT Bk Fac          CARE B+        62.8    -
Issuer not cooperating
Siwal Infracon Pvt Ltd                LT/ST Bk Fac       CARE B+/A4     40      -
Issuer not cooperating
Small Industries Development Bank Of  Unsecured Bonds    CARE AAA       -       Reaffirmed
India
(reduced from Rs.32,348 crore Crore),unsecured bonds of Rs.975 crore have matured and therefore
have been withdrawn.

Small Industries Development Bank Of  RIDF Deposits      CARE AAA       520000  Reaffirmed
India
(enhanced from Rs.38,000 crore Crore)
Sri Spm Weaving Mills                 LT Bk Fac          CARE BB-       150     Assigned
Susheela Texfab Pvt Ltd               LT Bk Fac          CARE BB-       236     Reaffirmed
(Enhanced from 16.96 Crore)
Teenmurty Summit Realty Llp           LT Bk Fac-TL- (II)@--             -       Withdrawn
@ the rating assigned to the long term bank facilities-Term loans-(II) was provisional and
stands withdrawn with immediate effect, as the proposed loans were not raised on the earlier
proposed terms.
Teenmurty Summit Realty Llp           LT Bk Fac-TL- (I)# CARE A- (SO)   1000    Assigned
# backed by irrevocable and unconditional declaration cum undertaking extended by B.G. Shirke
Construction Technology Private Limited (BGSCTPL, rated ‘CARE A1’)
The Rishabh Winpro Pvt Ltd            LT Bk Fac          CARE B         49.7    -
Issuer not cooperating
Thermoking                            LT Bk Fac          CARE BB-       55      Assigned
Tulsi Devi Education Society          LT Bk Fac          CARE B         18.6    Revised from
                                                                                CARE B+
Issuer not cooperating
Victora Tool Engineers Pvt Ltd        LT Bk Fac          CARE BB+       1201.5  Revised from
                                                                                CARE BBB
Vrindaa Crafts Pvt Ltd                LT Bk Fac          CARE B+        110     -
Issuer not cooperating
--------------------------------------------------------------------------------------------
$: 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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