June 26, 2020 / 9:23 AM / 20 days ago

CARE ratings for Indian debt instruments-Jun 26

    Jun 26  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of June 25, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Alembic Pharmaceuticals Ltd          CP (CP) Issue     CARE A1+      7500   Reaffirmed
                                     (Standalone)
Bonanza Commodity Brokers Pvt Ltd    ST BkFac          CARE A4+;     750    Revised from
                                                                            CARE A3+
(Issuer not cooperating; on the basis of best available information)
Bonanza Portfolio Ltd                ST BkFac          CARE A4+;     3800   Revised from
                                                                            CARE A3+
(Issuer not cooperating; on the basis of best available information)
Budge Budge Refineries Ltd           ST BkFac          CARE A2       3750   Reaffirmed
(enhanced from Rs.282 crore Crore)
Global Ceramics Pvt Ltd              ST BkFac          CARE A4       438310 Ratings
                                                                            reaffirmed
                                                                            and removed from
                                                                            Issue not
                                                                            cooperating
Gold Plus Glass Industry Ltd         ST Bk Fac         CARE A4;      345    Revised from
                                                                            CARE A4+
(Issuer not cooperating; based on best available information)
Marwar Carpets International         ST Fac            CARE A4;      130    Based on
                                                                            available
                                                                            information
(Issuer not cooperating; based on available information)
Rajshree Impex Pvt Ltd               ST Bk Fac         CARE A4;      35
(Issuer not cooperating; based on best available information)
Jash Engineering Ltd.                ST Bk Fac         -             -      Reaffirmed at
                                                                            CARE A2 and
                                                                            Withdrawn
True Value Homes (India) Pvt Ltd     ST Bk Fac         CARE A4;      200
(Issuer not cooperating; based on best available information)
Aegis Logistics Ltd                  NCDs (NCDs)       --            0      Withdrawn
Ambit Finvest Pvt Ltd                CP Issue          -             -      Withdrawn

LONG TERM RATINGS:
-------------------
Baljeet Poultry Farm                 LT Bk Fac         CARE B;Stable;70     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Budge Budge Refineries Ltd           LT BkFac          CARE BBB+;    400    Reaffirmed
                                                       Stable
(enhanced from Rs.23 crore Crore)
Dwarka Gems Ltd                      LT / ST Bk Fac    CARE B-;      103.8
                                                       Stable/CARE A4;
(Issuer not cooperating; based on best available information)
Garg & Company_(Ludhiana)            LT Bk Fac         CARE D        140    Revised from
                                                                            CARE B+;
                                                                            Stable
Global Ceramics Pvt Ltd              LT Bk Fac         CARE BB; Stabl470    Ratings
                                                                            reaffirmed
                                                                            and removed from
                                                                            Issue not
                                                                            cooperating
(enhanced from 45.19 Crore)
Gold Plus Glass Industry Ltd         LT Bk Fac – TL    CARE B+;      1930.7 Revised from
                                                       Negative             CARE BB+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
Gold Plus Glass Industry Ltd         LT Bk Fac – Fund  CARE B+;      560    Revised from
                                     Based             Negative             CARE BB+;
(Issuer not cooperating; based on best available information)
J.V. Agro Exports                    LT BkFac          CARE B;Stable;96.4   Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
Jash Engineering Ltd.                LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE BBB+;
                                                                            Stable and Withdrawn
Jash Engineering Ltd.                LT/ST Bk Fac      -             -      Reaffirmed at
                                                                            CARE BBB+;
                                                                            Stable/CARE A2 and
                                                                            Withdrawn
K. L. Ice And Cold Storage           LT Bk Fac         CARE B-;      58.3   Revised from
                                                       Stable;              CARE B; Stable
(Issuer not cooperating; on the basis of best available information)
Leap India Pvt Ltd                   LT Bk Fac         CARE BB+      1000   -
(Issuer not cooperating; based on best available information)
Mahesh Traders                       LT BkFac          CARE B-;      92     Revised
                                                                            fromCARE B+
(Issuer not cooperating; on the basis of best available information)
Marwar Carpets International         LT/ ST Fac        CARE B;       65     Revised from
                                                       Stable/CARE A4;      CARE B+;
                                                                            Stable/CARE A4
(Issuer not cooperating; on the basis of best available information)
Marwar Carpets International         LT BkFac          CARE B;       5      Revised from
                                                       Stable;              CARE B+
(Issuer not cooperating; on the basis of best available information)
Moradabad Bareilly Expressway Ltd    LT Bk Fac         CARE B+;      12061  Revised from
                                                                            CARE D
(Issuer not cooperating; based on best available information)
Moradabad Bareilly Expressway Ltd    NCDs (NCD)        CARE B+;      3545.4 Revised from
                                                                            CARE D
(Issuer not cooperating; based on best available information)
Niil Infrastructures Pvt Ltd         LT Bk Fac         CARE D;       500    -
(Issuer not cooperating; based on best available information)
Oriental Enterprise Pvt Ltd          LT Bk Fac         CARE D;       204.1  Revised from
                                                                            CARE BB+;
                                                                            Stable;
(Issuer not cooperating; on the basis of best available information)
Oriental Enterprise Pvt Ltd          LT/ ST Bk Fac     CARE D;       170    Revised from
                                                                            CARE BB+;
                                                                            Stable;/CARE A4+
(Issuer not cooperating; on the basis of best available information)
Oriental Epc Pvt Ltd                 LT Bk Fac         CARE C; Stable150    Revised from
                                                                            CARE BB+;
                                                                            Stable;
(Issuer not cooperating; on the basis of best available information)
Oriental Epc Pvt Ltd                 LT/ Shortterm Bk  CARE C;       350    Revised from
                                     Fac               Stable/CARE A4       CARE BB+;
                                                                            Stable/CARE A4+
(Issuer not cooperating; on the basis of best available information)
Radhakrishna Oil Industries          LT BkFac          CARE B;       90     Revised
                                                       Stable;              fromCARE
                                                                            B+;Stable;
(Issuer not cooperating; on the basis of best available information)
Rajshree Impex Pvt Ltd               LT Bk Fac         CARE B-;      106.4  Revised from
                                                       Stable;              CARE B;
                                                                            Stable;
(Issuer not cooperating; on the basis of best available information)
Rakmo Press Pvt Ltd                  LT Bk Fac         CARE B;       67.5   Revised
                                                       Stable;              fromCARE
                                                                            B+;Stable;
(Issuer not cooperating; on the basis of best available information)
Satin Creditcare Network Ltd         NCDs (Proposed)   CARE A-;      2000   Assigned
                                                       Stable
Shiv Cotton Industries               LT BkFac          CARE C;       54     Revised from
                                                                            CARE B
(Issuer not cooperating; on the basis of best available information)
Srichakra Ecotex (India) Pvt Ltd     LT BkFac          CARE B-;      1000   Revised from
                                                       Stable               CARE B ;
                                                                            Stable
(Issuer not cooperating; on the basis of best available information)
True Value Homes (India) Pvt Ltd     NCD Issue^        -             -      Withdrawn
^CARE has withdrawn the rating assigned to the Non-Convertible Debenture (NCD) issue of True
Value Homes (India) Private Limited with immediate effect, as the company has repaid the
aforementioned NCD issue in full and there is no amount outstanding under the issue as on date.
Zubic Lifescience Pvt Ltd            LT Bk Fac         CARE D;       128
(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@refinitiv.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