June 6, 2018 / 6:49 AM / 2 months ago

CARE ratings for Indian debt instruments-Jun 6

   Jun 6 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 5, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Alaknanda Fuel Pvt Ltd                ST Bk Fac          CARE A4        4       Assigned
C Eswara Reddy & Co                   ST Bk Fac          CARE A4+       75      Assigned
Captain Polyplast Ltd                 ST Bk Fac          CARE A3        465     Reaffirmed
Dhampur Sugar Mills Ltd               CP (CP) issue*     CARE A1        2000    Reaffirmed
*carved out of the sanctioned working capital limits of the company.
Emcee Engineering Works               ST Bk Fac          CARE A4        60      -
(Issuer not cooperating)
Real Grow Exim Pvt Ltd                ST Bk Fac          CARE D         20      Revised from
                                                                                CARE A4
Siva Granite Products                 ST Bk Fac          CARE A4+       40      Revised from
                                                                                CARE A4

LONG TERM RATINGS:
-------------------
Aavishkaar Mfl Northern Arc 2018      Series A1 PTC      CARE A (SO)    396.8   -
(Originator: Arohan Financial Services
Pvt Ltd)
Aavishkaar Mfl Northern Arc 2018      Series A2 PTC      CARE A- (SO)   4.5     -
(Originator: Arohan Financial Services
Pvt Ltd)
Alaknanda Fuel Pvt Ltd                LT Bk Fac          CARE B+        180     Assigned
Amrut Exports                         Bk Fac-Fund Based  CARE BB+ /CARE 1500    Issuer Not
                                      - LT/ ST-EPC/PSC   A4+                    Cooperating
C Eswara Reddy & Co                   LT Bk Fac          CARE BB        50      Assigned
Captain Polyplast Ltd                 LT Bk Fac          CARE BBB-      215.4   Revised from
                                                                                CARE BBB-
Creino Ventures                       LT Bk Fac          CARE BB-       80      Issuer Not
                                                                                Cooperating
                                                                                based on
                                                                                best available
                                                                                information
Devaloke Developers Ltd               LT Bk Fac          CARE BBB-      350     Assigned
Dhampur Sugar Mills Ltd               LT Bk Fac – TL     CARE A-        3912.4  Revised from
                                                                                CARE A-
Dhampur Sugar Mills Ltd               LT Bk Fac – Fund   CARE A-        8045    Revised from
                                      based                                     CARE A-
Dhampur Sugar Mills Ltd               Medium-term Fixed  CARE A- (FD)   300     Revised from
                                      Deposit                                   CARE A- (FD)
Dtc Projects Pvt Ltd.                 LT Bk Fac          CARE BBB-      150     Assigned
Emcee Engineering Works               LT Bk Fac          CARE B         190.3   -
(Issuer not cooperating)
Empee Distilleries Ltd                NCD issue          CARE D         475     Revised from
                                                                                CARE C
(Issuer not cooperating)
Haryana Rolling Mills (Bhilai) Pvt LtdLT Bk Fac          CARE BB-       67      Assigned
Kiwi Ifmr Capital 2016                Series A1 PTCs     -              -       Withdrawn
Kiwi Ifmr Capital 2016                Series A2 PTCs     -              -       Withdrawn
Manba Finance Ltd                     LT Bk Fac          CARE BBB+      1322.3  Reaffirmed
Nero Ifmr Capital 2016                Series A1 PTCs     -              -       Withdrawn
Nero Ifmr Capital 2016                Series A2 PTCs     -              -       Withdrawn
Npp Printing N Packaging              LT Bk Fac          -              -       Withdrawn
Real Grow Exim Pvt Ltd                LT Bk Fac          CARE D         298     Revised from
                                                                                CARE B+
Rsg Developers Pvt Ltd                LT Bk Fac          CARE B+        70      Assigned
Shreeji Agro                          LT Bk Fac          CARE B+        47.4    Issuer Not
                                                                                Cooperating
Shreeji Agro                          LT /ST Bk Fac      CARE B+/CARE   35      Issuer Not
                                                         A4;                    Cooperating
Siva Granite Products                 LT Bk Fac          CARE BB+       9       Revised from
                                                                                CARE BB
Sumit Gems                            LT Bk Fac          -              -       Withdrawn
Techno Drugs & Intermediates Pvt Ltd  LT Bk Fac          CARE B+        80      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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