June 7, 2018 / 7:58 AM / in 2 months

CARE ratings for Indian debt instruments-Jun 7

    Jun 7 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 6, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Chayagraphics Healthcare Pvt Ltd      ST Bk Fac          CARE A4        7.5     Assigned
Chemsol Labs Pvt Ltd                  ST Bk Fac          CARE A4        41.8
Issuer not cooperating; based on the basis of best available information.
International Print-O-Pac Ltd         ST Bk Fac          CARE A2        125     Assigned

Itd Cementation India Ltd             CP (CP)*           CARE A1        2000    Reaffirmed
*Carved out of the sanctioned working capital limits of the company
K. T. Ravi                            Short -term Bk Fac CARE A4        30
Issuer not cooperating; Based on best available information
Kabir Rice Mill                       ST Bk Fac          CARE A4        2.5
Issuer not cooperating; based on best available information
Lexi Pvt Ltd                          ST Bk Fac          CARE A3+       50      Assigned
Mercator Ltd                          ST Bk Fac          CARE A3        1500
Rating revised from CARE A3+;
Sadbhav Engineering Ltd               CP (standalone)    CARE A1        1000    Reaffirmed
(reduced from Rs.170.00 Crore)
Saifuddin Appalal Mulla               Short -term Bk Fac CARE A4        60
Issuer not cooperating; Based on best available information
Sri Raja Vinayagar Mills              ST Bk Fac          CARE A4        30
Issuer not cooperating

LONG TERM RATINGS:
-------------------
Amar Cottex Pvt Ltd                   LT Bk Fac          CARE D         70
Issuer not cooperating; Based on best available information
Chayagraphics Healthcare Pvt Ltd      LT Bk Fac          CARE B+        65      Assigned
Chemsol Labs Pvt Ltd                  LT Bk Fac          CARE B+        30
Revised from CARE BB-, Issuer not cooperating; based on the basis of best available information.
Dorabji Auto                          LT Bk Facility     CARE BB        70      Assigned
Edelweiss Finance & Investments Ltd   NCDs               -              -       Withdrawn
Edelweiss Finance & Investments Ltd   Principal          -              -       Withdrawn
                                      Protected Market
                                      Linked Debentures
Finestar Jewellery And Diamonds Pvt LtLT/ST Bk Fac       CARE BBB/A3    1000    Assigned
Geeta Educational Trust               LT Bk Fac          CARE B+        77.5    Assigned
International Print-O-Pac Ltd         LT Bk Fac          CARE BBB+      125     Assigned
Itd Cementation India Ltd             LT Bk Fac          CARE A         9000
Revised from CARE A-
Itd Cementation India Ltd             ST Bk Fac          CARE A/A1      42500
Long term rating revised from CARE A-; and short term rating reaffirmed at CARE A1
K. T. Ravi                            LT Bk Fac          CARE BB        70
Issuer not cooperating; based on best available information.
Kabir Rice Mill                       LT Bk Fac          CARE B+        53.3
Issuer not cooperating; based on best available information
Kiran Infra Engineers Ltd             LT Bk Fac          CARE BBB-      70      Reaffirmed
Kiran Infra Engineers Ltd             LT/ ST Bk Fac      CARE BBB-/A3   1600    Reaffirmed
(enhanced from 95 Crore)
Kisan Proteins Pvt Ltd                LT/ST Bk Fac       CARE B+/A4     95
Issuer not cooperating; Based on best available information
Lexi Pvt Ltd                          LT Bk Fac          CARE BBB       150     Reaffirmed
Mercator Ltd                          LT Bk Fac          CARE BBB       9595.3
Rating revised from CARE BBB+; Outlook: Reaffirmed
Prachee Polyfilms Prvate Ltd          Long- term Bk Fac  CARE D         140.6
Issuer not cooperating; Revised from CARE B+; Based on best available information
Primordial Systems Pvt Ltd            LT Bk Fac          CARE B+        110.2   Assigned
Riga Sugar Company Ltd                LT Bk Fac          CARE D         1041.4
Revised from CARE B+
Riga Sugar Company Ltd                ST Bk Fac          CARE D         50
Revised from CARE A4
Saifuddin Appalal Mulla               LT Bk Fac          CARE B         6
Issuer not cooperating; based on best available information. Revised from CARE B+; Issuer not
cooperating
Sri Raja Vinayagar Mills              LT Bk Fac          CARE B+        240.7
Issuer not cooperating; Revised from CARE BB+
Technobit Industries Pvt Ltd          LT Bk Fac          CARE B         73.2
Issuer Not Cooperating, Based on best available information
Technobit Industries Pvt Ltd          LT/ST Bk Fac       CARE B/A4      21
Issuer Not Cooperating, Based on best available information
Yuvaraj Cable Networks                LT Bk Fac          CARE B+        58.7
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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