June 28, 2019 / 5:07 AM / 25 days ago

CARE ratings for Indian debt instruments-Jun 28

    Jun 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 27, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Asi Industries Ltd                    ST Bk Fac          CARE A3+       250
(Issuer Not Cooperating)
Balaram Papers Pvt Ltd                ST Bk Fac          -              -       Withdrawn
Hari Udyog Pvt Ltd                    ST Bk Fac          -              -       Withdrawn
Koley Multipurpose Himghar Pvt Ltd    ST Bk Fac          -              -       Withdrawn
Live Wires Advertising Pvt Ltd        ST BkFac           CARE A4        52
(Issuer Not Cooperating)
Mechatronics Systems Pvt Ltd          ST Bk Fac          CARE A4        300
(Issuer Not Cooperating)
Rays Power Experts Pvt Ltd            ST Bk Fac          CARE D         437.5
(Issuer Not Cooperating)
Shiv Shakti Knit Fabs                 ST BkFac           CARE A4        3.8     Reaffirmed
Sunita Impex Pvt Ltd                  ST Bk Fac          -              -       Withdrawn
Tinna Trade Ltd                       ST Bk Fac          CARE A4+       200     Reaffirmed
 
LONG TERM RATINGS:
-------------------
Aadhar Housing Finance Ltd (Erstwhile LT Bk Fac          CARE AA        67646.4 Reaffirmed
Dhfl Vysya Housing Finance Ltd)
(removed from credit watch with developing implications)
Aadhar Housing Finance Ltd (Erstwhile NCD                CARE AA        17000   Reaffirmed
Dhfl Vysya Housing Finance Ltd)
(removed from credit watch with developing implications)
Aadhar Housing Finance Ltd (Erstwhile NCD                CARE AA        30000   Reaffirmed
Dhfl Vysya Housing Finance Ltd)
(removed from credit watch with developing implications)
Aadhar Housing Finance Ltd (Erstwhile NCD                CARE AA        5000    Reaffirmed
Dhfl Vysya Housing Finance Ltd)
(removed from credit watch with developing implications)
Aadhar Housing Finance Ltd (Erstwhile Sub-ordinated      CARE AA-       1500    Reaffirmed
Dhfl Vysya Housing Finance Ltd)       Debenture
(removed from credit watch with developing implications)
Asi Industries Ltd                    LT Bk Fac          CARE BBB       1070.5
(Issuer Not Cooperating)
Balaram Papers Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Balaram Papers Pvt Ltd                LT/ ST Bk Fac      -              -       Withdrawn
Bhai Industries Pvt Ltd               LT Bk Fac          CARE D         60      Revised from
                                                                                CARE B
Gulshan Homz Pvt Ltd                  LT Instruments-    CARE BB-       1500    Assigned
                                      NCDs
Hari Udyog Pvt Ltd                    LT Bk Fac          -              -       Withdrawn
Koley Multipurpose Himghar Pvt Ltd    LT Bk Fac          CARE D         142.2   Revised from
                                                                                CARE B
(enhanced from 12.19 Crore)
Live Wires Advertising Pvt Ltd        Long -term BkFac   CARE B+        7.5
(Issuer Not Cooperating)
Mahadev Building Systems Pvt Ltd      Long -term BkFac   CARE B+        77.2
(Issuer Not Cooperating)
Majestic Exports                      Long -term Bk Fac  CARE BBB-      44.8
(Issuer Not Cooperating)
Majestic Exports                      LT/ ST Bk Fac      CARE BBB-/A3   160
(Issuer Not Cooperating)
Mechatronics Systems Pvt Ltd          LT Bk Fac          CARE BB-       300     Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Mobile King                           LT Bk Fac          CARE BB-       50      Reaffirmed
N. Kumar And Company                  LT Bk Fac          -              -       Withdrawn
Northern Arc 2019 Cl Rigi (Originator:Series A1 PTC      CARE A- (SO)   -
Ashish Securities Pvt Ltd)
Northern Arc 2019 Cl Rigi (Originator:Series A2 PTC      CARE BBB- (SO) -
Ashish Securities Pvt Ltd)
Om Aastha Indo Energy Pvt Ltd         LT Bk Fac          CARE D         70
(Issuer Not Cooperating)
Polywell Enterprises                  LT Bk Fac          CARE B+        55.6    Rrevised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Principal Asset Management Pvt. Ltd.  Principal ST Debt  CARE AAA mfs   -
                                      Fund
Rating placed on Notice of Withdrawal for 90 days
Rays Power Experts Pvt Ltd            LT Bk Fac          CARE D         100
(Issuer Not Cooperating)
Sansar Trust June 2019 Originator:    Second Loss        Equivalent to  -       Assigned
Shriram Transport Finance Co. Ltd     Facility           ProvCARE A (SO)
Sansar Trust June 2019 Originator:    Series A PTC       ProvCARE AAA   -       Assigned
Shriram Transport Finance Co. Ltd                        (SO)
Sbi Funds Management Pvt Ltd          Close – Ended      CARE AAA mfs   -       Assigned
                                      Capital            (SO)
                                      Protection Oriented Fund
Shiv Shakti Knit Fabs                 LT BkFac           CARE BB-       109.1   Reaffirmed
Shree Raj Apperals                    LT Bk Fac          -              -       Withdrawn
Shyam Dhani Industries Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Sps Educational Trust                 Long- term Bk Fac  CARE D         252.5
(Issuer Not Cooperating)
Sunita Impex Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Surani Paper Pvt Ltd                  LT/ ST Bk Fac      -              -       Withdrawn
Surani Paper Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Tinna Trade Ltd                       LT Bk Fac          CARE BB        396     Reaffirmed
Vijayanag Polymers Pvt Ltd            Long -term BkFac   CARE B         73
(Issuer Not Cooperating)
Visage Holdings And Finance Pvt Ltd   Proposed NCD issue CARE BBB       320     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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