June 19, 2019 / 3:51 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, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Hubergroup India Pvt Ltd              CP (CP) issue*     CARE A1+       1000    Reaffirmed
*carved out of the sanctioned working capital limits of the company
Jsp Projects Pvt Ltd                  ST Bk Fac          -              -       Withdrawn
Lsk Projects Pvt Ltd                  ST Bk Fac          CARE A4        54.5
Issuer not cooperating; Based on best available information

Mahavir Construction Company          ST Bk Fac          CARE A4        80
Issuer not cooperating: Based on best available information
Permali Wallace Pvt Ltd               ST Bk Fac          CARE A4        142.5   Reaffirmed
Spacetech Equipments & Structurals PvtST Bk Fac          CARE A4        70
Ltd
Revised from CARE A4; Issuer not cooperating
Spatial Planning And Analysis ResearchST Bk Fac          CARE A4        90      Assigned
Centre Pvt Ltd

LONG TERM RATINGS:
-------------------
Alaknanda Hydro Power Co. Ltd         LT Bk Fac          -              -       Withdrawn
                                      (Overdraft)
Alaknanda Hydro Power Co. Ltd         LT Bk Fac          CARE BBB-      39380.5
Revised from CARE BB;(Reduced from 4308.82 Crore)
Anantha Agency’S Pvt Ltd              Long -term Bk Fac  CARE B+        150
Issuer not cooperating: Based on best available Information
Astrica Laboratories Pvt Ltd          Long -term Bk Fac  CARE B         79.5
Revised from CARE B+; Issuer not cooperating based on best available information
Ballaram Hanumandas Charitable Trust  LT Bk Fac (Bk      CARE BBB-      50      Assigned
                                      Overdraft)
Ballaram Hanumandas Charitable Trust  LT Bk Fac (TL)     CARE BBB-      30      Assigned
Digital Factory                       Long -term Bk Fac  CARE B-        62.5
Revised from CARE B; Issuer not cooperating: Issuer not co-operating based on best available
information
Hubergroup India Pvt Ltd              LT Bk Fac          CARE AAA       3500    Reaffirmed
Hubergroup India Pvt Ltd              LT/ ST Bk Fac      CARE AAA/A1+   7684    Reaffirmed
Jsp Projects Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Lsk Projects Pvt Ltd                  LT Bk Fac          CARE B+        12.5
Issuer not cooperating; Based on best available information
Mahavir Construction Company          LT Bk Fac          CARE B         9
Revised from CARE B+; Issuer not cooperating based on best available information
Mahip Industries Ltd (Erstwhile Known LT Bk Fac          CARE BB-       237.2
As Care Corupack Ltd)
Issuer not cooperating; Based on best available Information
Manikanta Paper Mill Pvt Ltd          LT Bk Fac          CARE B         74
Issuer not cooperating: Revised from CARE B+; On the basis of best available Information
Namdev Finvest Pvt Ltd                LT Bk Fac          CARE BBB-      1050
Revised from CARE BB+; (enhanced from 40 Crore)
Neelkanth Sweets Pvt Ltd              LT Bk Fac          CARE B+        100
Issuer not cooperating; Based on best available information
Permali Wallace Pvt Ltd               LT Bk Fac          CARE B         242.3   Reaffirmed
Permali Wallace Pvt Ltd               LT/ST Bk Fac       CARE B/A4      34.3    Reaffirmed
Pnc Challakere (Karnataka) Highways PvLT Bk Fac          CARE A*        4400    Assigned
Ltd
* The above rating is ‘provisional’ pending receipt of ‘Appointed Date’ from National Highways
Authority of India (NHAI). The rating shall be confirmed once the company furnishes documents
supporting the receipt of appointed date and other documents to the satisfaction of CARE Ratings
Ltd.
Pushpawati Singhania Hospital &       LT Bk Fac          CARE BBB       500
Research Institute
Placed on credit watch with developing implications
Radha Poultry Farm                    LT Bk Fac          CARE B         80
Issuer not cooperating; Revised from CARE B+; on the basis of best available information
Radhakisan Pulses                     LT Bk Fac          CARE BB        -       Withdrawn
Sansar Trust December 2015(Originator Series A PTCs      -              -       Withdrawn
Shriram Transport Finance Co. Ltd)
Sansar Trust December 2015(Originator Second Loss        -              -       Withdrawn
Shriram Transport Finance Co. Ltd)    Facility
Sansar Trust March 2016 II(Originator Series A PTCs      -              -       Withdrawn
Shriram Transport Finance Co. Ltd)
Sansar Trust March 2016 II(Originator Second Loss        -              -       Withdrawn
Shriram Transport Finance Co. Ltd)    Facility
Spacetech Equipments & Structurals PvtLT Bk Fac          CARE B+        32.5
Ltd
Revised from CARE B; ; Issuer not cooperating
Spacetech Equipments & Structurals PvtLT/ST Bk Fac       CARE B+/A4     47.5
Ltd
Revised from CARE B; /CARE A4; Issuer not cooperating
Spatial Planning And Analysis ResearchLT Bk Fac          CARE BB        15      Assigned
Centre Pvt Ltd
Sri Sai Swarupa Seeds Pvt Ltd         LT Bk Fac          CARE BB-       80
Issuer not cooperating; Revised from CARE BB; on the basis of best available information
Vasu Metplast Pvt Ltd                 LT Bk Fac          CARE B+        70
Issuer not cooperating; 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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