June 21, 2018 / 7:11 AM / a month ago

CARE ratings for Indian debt instruments-Jun 21

    Jun 21 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 20, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abans Securities Pvt Ltd              ST BkFac           CARE A4+       450     Assigned
Buland Construction                   ST Bk Fac          CARE A4        67.5    Assigned
Crescent Therapeutics Ltd             ST BkFac           CARE A4        30      Reaffirmed
Friends International                 ST Bk Fac          CARE A4        55      -

(Issuer not cooperating)
Kesar Multimodal Logistics Ltd        ST Bk Fac (Non     CARE D         90      Revised from
                                      Fund Based- BG                            CARE A4(SO)
                                      limits)
Lcc Projects Pvt Ltd                  ST BkFac           CARE A3+       140     Revised from
                                                                                CARE A3
M S Support Services Pvt Ltd          ST Bk Fac          CARE A4        15      Assigned
Paladiya Brothers And Company         ST Bk Fac          CARE A4+       65      Assigned
Raghav Productivity Enhancers Ltd     ST BkFac           CARE A3        10      Assigned
Sattik Packaging Pvt Ltd              ST BkFac           CARE A4        13      Assigned
Uma Glass Works                       ST Bk Fac          CARE A4        16.5    Revised from
                                                                                CARE A4
(Issuer not cooperating)


LONG TERM RATINGS:
-------------------
Abans Commodities (I) Pvt Ltd         LT BkFac           CARE BB+       100     Assigned
Abans Securities Pvt Ltd              LT BkFac           CARE BB+       140     Assigned
Agrasen Cotton Industries             LT Bk Fac          CARE B         80      -
(Issuer not cooperating)
Bnp Paribas Asset Management India PvtBNP Paribas ST     CARE AAAmfs    -       Reaffirmed
Ltd                                   Fund( Open Ended
                                      DebtScheme)
(Erstwhile BNP Paribas ShortTerm Income Fund)
Bnp Paribas Asset Management India PvtBNP Paribas Low    CARE AAAmfs    -       Reaffirmed
Ltd                                   Duration Fund
                                      (Open Ended DebtScheme)
(Erstwhile BNP Paribas MoneyPlus Fund)
Buland Construction                   LT Bk Fac          CARE BB-       52.5    Assigned
Crescent Therapeutics Ltd             LT BkFac           CARE BB-       77.6    Revised from
                                                                                CARE B
Elaine Dairy Pvt Ltd                  LT Bk Fac          CARE BB+       96.1    Revised from
                                                                                CARE BB
(Reduced from 9.99 Crore)
Friends International                 LT/ST Bk Fac       CARE B/A4      55      -
(Issuer not cooperating)
H. G. Infratech Pvt Ltd               LT BkFac           CARE BB-       280     Reaffirmed
Kesar Multimodal Logistics Ltd        LT Bk Fac (TL)     CARE D         991.1   Revised from
                                                                                CARE B+(SO)
Lcc Projects Pvt Ltd                  LT BkFac           CARE BBB+      96.5    Revised from
                                                                                CARE BBB
Lcc Projects Pvt Ltd                  LT/Shortterm Bk    CARE BBB+/A3+  940     Revised from
                                      Fac                                       CARE BBB
M S Support Services Pvt Ltd          LT Bk Fac          CARE BB-       47.5    Assigned
M S Support Services Pvt Ltd          LT/ST Bk Fac       CARE BB-/A4    37.5    Assigned
Mytrah Abhinav Power Pvt Ltd          LT Bk Fac          CARE BBB       5270    Assigned
P.M. Cot Fibers                       LT Bk Fac          CARE D         71.1    -
(Issuer not cooperating)
Paladiya Brothers And Company         LT Bk Fac          CARE BB+       400     Assigned
Raghav Productivity Enhancers Ltd     LT BkFac           CARE BBB       111.6   Assigned
Rajamane Industries Pvt Ltd           Long -term Bk Fac  CARE BB-       130     -
(Issuer not cooperating)
Sanwariya Packaging Pvt Ltd           LT Bk Fac          CARE BB        19.6    -
(Issuer not cooperating)
Sanwariya Packaging Pvt Ltd           LT/ST Bk Fac       CARE BB/A4     40      -
(Issuer not cooperating)
Sattik Packaging Pvt Ltd              LT BkFac           CARE B+        107     Assigned
Shree Raj Apperals                    LT Bk Fac          CARE BB-       70      Assigned
Shri Jagannath Educational Health And Long -term Bk Fac  CARE D         142.9   -
Charitable Trust
(Issuer not cooperating)
Siddhi Vinayak Cottsin                LT Bk Fac          CARE B         65      -
(Issuer not cooperating)
Suryataap Energies And Infrastructure LT Bk Fac          CARE BBB-      259.2   Assigned
Pvt Ltd
Tejas Agro Irrigation Systems Pvt Ltd LT Bk Fac          CARE D         128.7   Revised from
                                                                                CARE B+
(Issuer not cooperating)
Uma Glass Works                       LT Bk Fac          CARE B         82      Revised from
                                                                                CARE B
(Issuer not cooperating),(reduced from 9.20 Crore)
Vikas Associates                      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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below