June 13, 2018 / 7:15 AM / 2 months ago

CARE ratings for Indian debt instruments-Jun 13

    Jun 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 12, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adani Gas Ltd.                        CP (CP) issue      CARE A1+       1000    Reaffirmed
[Reduced from 150.00]
Ahammed Roller Flour Mills Pvt Ltd    ST Bk Fac          CARE A4+       200     Assigned
Foods And Inns Ltd                    Short -term Bk Fac CARE A4+       -       Withdrawn
                                      (Non-fund based)
(Issuer Not Cooperating; Based on best available information)
Innovassynth Technologies India Ltd   ST Bk Fac          CARE A4        100     Reaffirmed
Prince Marine Transport Services Pvt  ST Bk Fac          CARE D         30      Reaffirmed
Ltd
Peekay Roller Flour Mills             ST Bk Fac          CARE A4+       438.2   Assigned
R.K.I. Builders Pvt Ltd               Short -term Bk Fac CARE A4        100     -
(Issuer Not Cooperating; Based on best available information)
Shivani Scientific Industries Pvt Ltd ST Bk Fac          CARE A4+       27.5    Reaffirmed
(Issuer Not Cooperating; Based on best available information)
Stanlubes & Specialities (India) Pvt  ST Bk Fac          CARE A4        10      Reaffirmed
Ltd
(Issuer Not Cooperating; Based on best available information)

LONG TERM RATINGS:
-------------------
Ahammed Roller Flour Mills Pvt Ltd    LT Bk Fac          CARE BB+       50      Assigned
Anrak Aluminium Ltd                   LT Bk Fac          CARE D         29950   -
(Issuer Not Cooperating; Based on best available information)
Anupam Industries                     LT Bk Fac          CARE D         16.8    Reaffirmed
Anupam Industries                     LT/ST Bk Fac       CARE D         49.5    Reaffirmed
Castle Liquors Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Chicago Constructions International   LT Bk Fac          CARE BB-       150     Assigned
Pvt Ltd
Foods And Inns Ltd                    Long -term Bk Fac  CARE B         -       Revised from
                                      (TL)                                      CARE BB+
(Issuer Not Cooperating; Based on best available information)
Foods And Inns Ltd                    Long -term Bk Fac  CARE B         -       Revised from
                                      (Fund based)                              CARE BB+
(Issuer Not Cooperating; Based on best available information)
Gajanand Rice Mill                    LT Bk Fac          CARE BB-       80      Assigned
Gajanand Rice Mill                    LT/ST Bk Fac       CARE BB-/A4    79.2    Assigned
Innovassynth Technologies India Ltd   LT Bk Fac          CARE BB        299.9   Reaffirmed
Mohammed Khan Jewellers Pvt Ltd       LT Bk Fac          CARE BB        200     Reaffirmed
P.M.P. Textiles Spinning Mills Ltd    LT Bk Fac          CARE D         79      -
(Issuer Not Cooperating; Based on best available information)
P.M.P. Textiles Spinning Mills Ltd    LT / Short -term   CARE D         65      -
                                      Bk Fac
(Issuer Not Cooperating; Based on best available information)
Paradise Polymers Ltd                 LT Bk Fac          CARE D         81      Reaffirmed
(Issuer Not Cooperating; Based on best available information)
Paradise Polymers Ltd                 LT/ST Bk Fac       CARE D/D       20      Reaffirmed
 
Peekay Roller Flour Mills             LT Bk Fac          CARE BB+       81.8    Assigned
Prince Marine Transport Services Pvt  LT Bk Fac (TL)     CARE D         8.2     Reaffirmed
Ltd
Prince Marine Transport Services Pvt  LT Bk Fac (CC)     CARE D         55      Reaffirmed
Ltd
R.K.I. Builders Pvt Ltd               LT Bk Fac          CARE BB        150     -
(Issuer Not Cooperating; Based on best available information)
Shivani Scientific Industries Pvt Ltd LT Bk Fac          CARE BB+       77.2    Reaffirmed
(Issuer Not Cooperating; Based on best available information)
Shree Siddhi Infrabuild Pvt Ltd       LT Bk Fac          CARE BB+       150     Assigned
Stanlubes & Specialities (India) Pvt  LT Bk Fac          CARE B-        44.2    Reaffirmed
Ltd
((Issuer Not Cooperating; Based on best available information)
Sukavala Renewable Energy Pvt Ltd     LT Bk Fac          CARE BBB+      4320    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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