June 19, 2018 / 4:27 AM / 3 months ago

CARE ratings for Indian debt instruments-Jun 19

    Jun 19 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 18, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aquafil Polymers Company Pvt Ltd      ST Bk Fac          CARE D         170
(ISSUER NOT COOPERATING)
Indiamco                              ST Bk Fac          CARE D         145
(ISSUER NOT COOPERATING)
Jindal (India) Ltd                    ST Bk Fac          -              -       Withdrawn
Mynor Enterprises Pvt Ltd             ST Bk Fac          CARE A4        70      Assigned
Pegma Resources Pvt Ltd               ST BkFac           CARE A4        25      Assigned
Sankar Marine Aquarium                ST Fac             CARE A4        3       Assigned
Sns Starch Ltd                        ST Bk Fac          CARE D         95
(ISSUER NOT COOPERATING)
 
LONG TERM RATINGS:
-------------------
Amreli Renewable Energy Pvt Ltd       LT Bk Fac          CARE BBB+      1550    Reaffirmed
(enhanced from 141.00 Crore)
Aquafil Polymers Company Pvt Ltd      Long- term Bk Fac  CARE D         311.9
(ISSUER NOT COOPERATING)
Avani Textiles Ltd                    LT Bk Fac          CARE D         105.9   Assigned
Avani Textiles Ltd                    LT/ ST Bk Fac      CARE D         330     Assigned
Baba Bhubaneswar Cold Storage Pvt Ltd LT BkFacility      CARE B         72.4    Reaffirmed
(Reduced from 8.13 Crore)
Dakshin Odisha Urja Pvt Ltd           LT Bk Fac          CARE BBB-      1900    Assigned
Dev Cotex Pvt Ltd                     Long- term Bk Fac  CARE D         100
(ISSUER NOT COOPERATING)
Fourth Dimension Solution Ltd.        LT /ST Bk Fac      CARE BB /A4*   1000    Revised from
                                                                                CARE
                                                                                BBB-/CARE A3
*Under credit watch with Negative Implications
Gayatri Vidya Parishad                LT Bk Fac          CARE D         887.2   Revised from
                                                                                CARE BB
Greenko Energies Pvt Ltd              Proposed NCD issue CARE A+        2000    Assigned
Hooghly Infrastructure Pvt Ltd        LT Bk Fac          CARE A-        134.7   Reaffirmed
(reduced from 16.91 Crore)
Hooghly Infrastructure Pvt Ltd        LT/ST BkFac        CARE A-/A2+    500     Reaffirmed
(enhanced from 44.00 Crore)
Jindal (India) Ltd                    LT Bk Fac          -              -       Withdrawn
Mahalaxmi Industries                  LT Bk Fac          CARE B+        67.6    Assigned
Manifold Agricrops Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Mynor Enterprises Pvt Ltd             LT Bk Fac          CARE B+        20      Assigned
Padmavati Ginning And Pressing Pvt LtdLT Bk Fac          CARE B         70
(ISSUER NOT COOPERATING)
Palimarwar Solar Project Pvt Ltd      LT Bk Fac          -              -       Withdrawn
Parmarth Wind Energy Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Pegma Resources Pvt Ltd               LT BkFac           CARE BB-       65.4    Reaffirmed
Pegma Resources Pvt Ltd               LT / Shortterm Bk  CARE BB-/A4    115     Reaffirmed
                                      Fac
Sai Venkatarama Oil And Agro Products LT Bk Fac          CARE B+        60      Assigned
Sankar Marine Aquarium                LT Bk Fac          CARE B+        80.5    Assigned
Shree Ram Brinechem Pvt Ltd           LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE B
Sidhidata Solar Urja Ltd              LT Bk Fac          -              -       Withdrawn
Sns Starch Ltd                        LT Bk Fac          CARE D         609.3
(ISSUER NOT COOPERATING)
Themis Medicare Ltd                   LT Bk Fac          CARE D         148.5   Revised from
                                                                                CARE BB
Themis Medicare Ltd                   LT/ST Bk Fac       CARE D         801.5   Revised from
                                                                                CARE BB
                                                                                /CARE A4 
Vento Power & Energy Ltd              LT Bk Fac          CARE BBB-      1900    Assigned
Wellbore Engineering Company          LT Bk Fac          CARE BB-       90      Assigned
--------------------------------------------------------------------------------------------
$: 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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