June 14, 2019 / 7:33 AM / 2 months ago

CARE ratings for Indian debt instruments-Jun 14

    Jun 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 13, 2019.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Allied Engineers (Karnal)             ST Bk Fac          CARE A4        50      -
(Issuer not cooperating); based on best available information
Ajay Protech Pvt Ltd                  ST Bk Fac          -              -       Withdrawn
A.K. Soni Hosiery Mills Pvt Ltd       ST Bk Fac          CARE D         5       -
(Issuer not cooperating), Based on best available information
Bipin Kumar Agrawal                   ST Bk Fac          -              -       Withdrawn
Dewanchand Ramsaran Corporation Pvt Ltd ST Bk Fac        CARE A4        4       Assigned
Envirad Projects Pvt Ltd              ST Bk Fac          CARE A4        300     -

Revised from CARE A4; (Issuer not cooperating)
Hetro Spinners Pvt Ltd                ST Bk Fac          CARE D         15.2    Revised from
                                                                                CARE A4
Jain Shawls                           ST Bk Fac          CARE A4        50      -
(Issuer not cooperating); Based on best available information
Laurus Labs Ltd                       ST Bk Fac          CARE A1+       3132    Reaffirmed
Laurus Labs Ltd                       ST –CP             CARE A1+       2000    Reaffirmed
Om Yarn Plus Pvt Ltd                  ST Bk Fac          CARE A4        12.5    -
(Issuer not cooperating), Based on best available information
Omni Impex Pvt Ltd                    ST Bk Fac          CARE A4+       41.7    Assigned
P.K. Engineers And Contractors        ST Bk Fac           CARE A4        30      -
(Issuer not cooperating); based on best available information
R. K. Industries – Kashipur           ST Bk Fac           CARE A4        6       -
(Issuer not cooperating); Based on best available information
Radha Rani Wire Product               ST Bk Fac          CARE A4+       70      Assigned
Rajeev Kumar                          ST Bk Fac          CARE A4        82      Reaffirmed
Rama Rice And General Mills           ST Bk Fac           CARE A4        8       -
(Issuer not cooperating);Based on best available information
Reliance Retail Ltd                   CP                 CARE A1+       200000  Reaffirmed
(enhanced from Rs 15,000 crore Crore)
Shri Balaji Oil Mills                 ST Bk Fac           CARE A4        30      -
(Issuer not cooperating); Based on best available information
Sicagen India Ltd                     ST Fac             CARE A4+       350     Assigned
Wadhawan Global Hotels & Resorts Pvt. Bk Fac- FBST-      CARE A4        25      -
Ltd.                                  Working
                                      Capital-optionally convertible debenture
(Issuer not cooperating); Rating reaffirmed; Based on best available information


MEDIUM TERM RATINGS:
-------------------
Reliance Retail Ltd                   Fixed Deposit      CARE AAA(FD)   2000    -


LONG TERM RATINGS:
-------------------
A.K. Soni Hosiery Mills Pvt Ltd       LT Bk Fac          CARE D         179.6   -
(Issuer not cooperating), Based on best available information
Agarwal Associates (Promoters) Ltd    LT Bk Fac          CARE BBB-      155     Re-affirmed
Ajay Protech Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Allied Engineers (Karnal)             LT Bk Fac          CARE B         50      -
(Issuer not cooperating); Revised from CARE B+
Apm Industries Ltd                    LT Bk Fac          CARE BBB+      592.1   -
Placed on credit watch with developing implications
Aryabhatta Academic Society           LT Bk Fac          CARE BBB-      81.7    Assigned
Bajpe Zakariya                        LT Bk Fac          CARE B+        58.5    -
(Issuer not cooperating), Based on best available information
Bipin Kumar Agrawal                   LT Bk Fac          -              -       Withdrawn
Coastal Gujarat Power Ltd             Proposed NCD Issue CARE AA (SO)   13000*  Assigned
* The rating is provisional and will be finalized on submission of the executed
 version of the unconditional, irrevocable corporate guarantee from Tata Power 
 Company Limited (TPCL, rated CARE AA, Stable), other transaction documents and 
 verification of their conformity as per draft documents provided to CARE.

Dewanchand Ramsaran Corporation Pvt Ltd LT Bk Fac        CARE BB        150     Assigned
Dewanchand Ramsaran Corporation Pvt Ltd LT/ST Bk Fac      CARE BB/CARE A480      Assigned
Dr. Agarwals Eye Hospital Ltd         LT Bk Fac          -              -       Withdrawn
Duhan Electric Works                  LT Bk Fac          CARE B+        66.5    -
(Issuer not cooperating); Revised from CARE BB-
Dynacons Systems & Solutions Ltd      LT Bk Fac          CARE BB+       210     -
(Issuer not cooperating); Revised from CARE BB-
Dynacons Systems & Solutions Ltd      LT/STBk Fac        CARE BB+/CARE  129.5   -
                                                         A4+
(Issuer not cooperating); Revised from CARE BB-
Envirad Projects Pvt Ltd              LT/ Shortterm Bk   CARE BB/CARE   50      -
                                      Fac                A4
Revised from CARE BB-; Stable; (Issuer not cooperating)
Garg Steels_Jalandhar                 LT Bk Fac          CARE B-        110     -
(Issuer not cooperating); Revised from CARE B
Gautambudh Cars Pvt Ltd               LT Bk Fac          CARE B         160     -
(Issuer not cooperating); Revised from CARE B+
Guru Ramdass Ji Stone Crasher         LT Bk Fac          CARE B+        60      -
(Issuer not cooperating); Revised from CARE BB-;
Hamilton Land Developers Pvt Ltd      LT Bk Fac          CARE B         200     -
(Issuer not cooperating); Revised from CARE B+;
Hetro Spinners Pvt Ltd                LT Bk Fac          CARE D         216.8   Revised from
                                                                                CARE BB-
Humble Hospitality Punjab Pvt Ltd     LT Bk Fac          CARE D         68.5    -
(Issuer not cooperating), Based on best available information
Icc Projects Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Icc Projects Pvt Ltd                  LT/ ST Bk Fac      -              -       Withdrawn
Infissi Fenestration Llp              LT Bk Fac          CARE B-        95.2    -
(Issuer not cooperating); Revised from CARE B
Jain Shawls                           LT Bk Fac          CARE B-        52.5    -
(Issuer not cooperating); Revised from CARE B
Karan Rice Mills                      LT Bk Fac          CARE B-        99      -
(Issuer not cooperating); Basedon best available information
Kasturi K12 Services Pvt Ltd          Long -term Bk Fac  CARE B+        145     -
(Issuer not cooperating); Basedon best available information
Laurus Labs Ltd                       LT Bk Fac          CARE AA-       10485.7 Reaffirmed
(Reduced from 1089.01 Crore)
Lic Housing Finance Ltd               NCD                CARE AAA       350000  Assigned
Mahabir Industries                    LT Bk Fac          CARE B+        90      -
(Issuer not cooperating); Revised from CARE BB-
Mgm Infra Development Solutions Pvt LtLT Bk Fac          CARE D         56.9    -
(Issuer not cooperating), Based on best available information
Moneywise Financial Services Pvt Ltd  NCDs (Proposed)    CARE A         500     Assigned
Nile Overseas                         LT Bk Fac          CARE B         150     -
(Issuer not cooperating); Revised from CARE B+
Om Yarn Plus Pvt Ltd                  LT Bk Fac          CARE B+        150.1   -
(Issuer not cooperating); Revised from CARE BB
Omni Impex Pvt Ltd                    LT Bk Fac          CARE BB        90.6    Assigned
P.K. Engineers And Contractors        LT Bk Fac          CARE B         40      -
(Issuer not cooperating); Revised from CARE B+
Pantone Textile Mills Pvt Ltd         LT Bk Fac          CARE B         72.5    -
(Issuer not cooperating); Based on best available ionformation
Pantone Textile Mills Pvt Ltd         LT/ST Bk Fac       CARE B/CARE A4 2.5     -
(Issuer not cooperating); Based on best available ionformation
R. K. Industries – Kashipur           LT Bk Fac          CARE B         51      -
(Issuer not cooperating); Based on best available information
Radha Rani Wire Product               LT Bk Fac          CARE BB+       130     Assigned
Rajeev Kumar                          LT Bk Fac          CARE B+        18      Revised from
                                                                                CARE B
Revised from CARE B; Stable; (Issuer not cooperating)
Rama Rice And General Mills           LT Bk Fac          CARE B         112     -
(Issuer not cooperating);Revised from CARE B+
Ridhi Sidhi Electrical Engg. And ConstLT Bk Fac          CARE B         35      -
Company
(Issuer not cooperating); Revised from CARE B+
Ridhi Sidhi Electrical Engg. And ConstLong/ST Bk Fac     CARE B         22.5    -
Company
(Issuer not cooperating); Revised from CARE B+
Rosemerry Solvent Pvt Ltd             LT Bk Fac          CARE B         180.7   -
(Issuer not cooperating); Revised fromCARE B+
Shri Balaji Oil Mills                 LT Bk Fac          CARE B         63      -
(Issuer not cooperating);Revised from CARE B+
Shri Ganga Bishan Cotton Mills        LT Bk Fac          CARE B         60      -
(Issuer not cooperating); Based on best available information
Sicagen India Ltd                     LT/ ST Bk Fac       CARE BB+/CARE  450     Assigned
                                                         A4+
Siri Ice Links                        LT Bk Fac          CARE BB-       100     Reaffirmed
Sri Lakshmi Agro Farms                LT Bk Fac          CARE B+        53      -
(Issuer not cooperating); Based on best available information
Thermoking                            LT Bk Fac          CARE B+        55      -
(Issuer not cooperating); Revised from CARE BB-
Wadhawan Global Hotels & Resorts Pvt. Bk Fac-            CARE C         70      -
Ltd.                                  Non-fund based-LT-BG
(Issuer not cooperating); Rating reaffirmed; Based on best available information
Wadhawan Global Hotels & Resorts Pvt. Bk Fac- FB LT- TL  CARE D         550     -
Ltd.
(Issuer not cooperating); Rating reaffirmed; 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@thomsonreuters.com)
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