June 7, 2019 / 9:14 AM / in 10 days

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, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Il&Fs Securities Services Ltd         Bk Fac (non-fund   CARE A4        5250    Revised from
                                      based)                                    CARE A2
(Continues to be under credit watch with developing implications)
Jeyenkay Petrogels Pvt Ltd            ST Bk Fac          CARE A4        156     Assigned
Jindal Timber & Plywood Pvt Ltd       ST Bk Fac          CARE A4        140     -
(Issuer not cooperating)
Kim Chemicals Ltd                     ST Bk Fac          CARE A4        67      -
(Issuer not cooperating)
Mishrilal Associates Pvt Ltd          ST Bk Fac          CARE A4        80      -
(Issuer not cooperating)
Msr India Ltd                         ST Bk Fac          CARE A3        30      Reaffirmed
Mauria Udyog Ltd                      ST Bk Fac          CARE D         2400    Revised from
                                                                                CARE A4+
(Issuer not cooperating)
Pratibha Krushi Prakriya Ltd          ST Bk Fac          CARE D         50      Revised from
                                                                                CARE A4
(Issuer not cooperating)
Ranchhod Oil Mill Company             ST Bk Fac          CARE D         4       -
(Issuer not cooperating)
Raghuvir Oil Mill                     ST Bk Fac          CARE D         89.5    -
(Issuer not cooperating)
S Chand And Company Ltd               ST Bk Fac          CARE A1        30      Revised from
                                                                                CARE A1+
S Chand And Company Ltd               Proposed CP        CARE A1        250*    Revised from
                                                                                CARE A1+
*carved out of the sanctioned working capital limits of the company
Shapoorji Pallonji And Company Pvt LtdCP (CP) / ST Debt  CARE A1+       25000*  Reaffirmed
                                      (STD) Issue
*within an overall Short Term Facility limit (including STD / CP issue) of Rs.2500 crore
Veer Energy & Infrastructure Ltd      ST Bk Fac          CARE A4+       130     Revised from
                                                                                CARE A3

MEDIUM TERM RATINGS:
-------------------
Paranjape Schemes (Construction) Ltd  Fixed Deposits     CARE B+(FD)    550     Revised from
                                                                                CARE BB-
(Issuer not cooperating)


LONG TERM RATINGS:
-------------------
Ajita Sil-Chem Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Ajita Sil-Chem Pvt Ltd                LT/ ST Bk Fac      -              -       Withdrawn
Ashtavinayak Auto Pvt Ltd             LT Bk Fac          CARE D         137.5   -
(Issuer not cooperating)
Atmaram Auto Enterprises              LT Bk Fac          CARE B+        70      Assigned
Avk Automall Pvt Ltd                  LT Bk Fac          CARE D         182.6   -
(Issuer not cooperating)
Balwan Poultry And Breeding Farm      LT Bk Fac          CARE D         60      -
(Issuer not cooperating)
Canara Robeco Asset Management Co. LtdCanara Robeco      -              -       Withdrawn
                                      Capital Protection
                                      Oriented Fund – Series 6 *
* Rating assigned to the Canara Robeco Capital Protection Oriented Fund Series 6 has been
withdrawn with immediate effect, since the scheme has matured and there are no units outstanding
under the scheme.
Canara Robeco Asset Management Co. LtdCanara Robeco      CARE AAAmfs    -       Reaffirmed
                                      Capital Protection
                                      Oriented Fund – Series 7
Canara Robeco Asset Management Co. LtdCanara Robeco      CARE AAAmfs    -       Reaffirmed
                                      Capital Protection
                                      Oriented Fund – Series 8
Canara Robeco Asset Management Co. LtdCanara Robeco      CARE AAAmfs    -       Reaffirmed
                                      Capital Protection
                                      Oriented Fund – Series 9
Canara Robeco Asset Management Co. LtdCanara Robeco      CARE AAAmfs    -       Reaffirmed
                                      Capital Protection
                                      Oriented Fund – Series 10
Dhanvantari Milk Products Pvt Ltd     LT Bk Fac          CARE D         205.1   Revised from
                                                                                CARE BB
(Issuer not cooperating)
Geeta Educational Trust-Kurukshetra   LT Bk Fac          CARE D         77.5    -
(Issuer not cooperating)
Icici Home Finance Co. Ltd            Market Linked      CARE PP-MLD AAA100000  Assigned
                                      Debentures
Indian Railway Finance Corporation LtdMarket Borrowing   CARE AAA       554710  Assigned
                                      Programme (FY’20)
Janta Filling Station                 LT Bk Fac          -              -       Withdrawn
Jeyenkay Petrogels Pvt Ltd            LT Bk Fac          CARE B+        44      Assigned
Jindal Timber & Plywood Pvt Ltd       LT Bk Fac          CARE B         40      Revised from
                                                                                CARE B+
(Issuer not cooperating)
Kim Chemicals Ltd                     LT Bk Fac          CARE B+        2.5     Revised from
                                                                                CARE BB-
(Issuer not cooperating)
Mauria Udyog Ltd                      LT Bk Fac          CARE D         550     Revised from
                                                                                CARE BB+
(Issuer not cooperating)
Mishrilal Associates Pvt Ltd          LT Bk Fac          CARE B         20      -
(Issuer not cooperating)
Msr India Ltd                         LT Bk Fac          CARE BBB-      100     Revised from
                                                                                CARE BBB-
Param Exports                         LT Bk Fac          -              -       Withdrawn
Paranjape Schemes (Construction) Ltd  NCDs               CARE B+        1750    Revised from
                                                                                CARE BB-
(Issuer not cooperating)
Pratibha Krushi Prakriya Ltd          LT Bk Fac          CARE D         2027.8  Revised from
                                                                                CARE BB
(Issuer not cooperating)
Pratibha Milk Industries              LT Bk Fac          CARE D         549.3   Revised from
                                                                                CARE BB
(Issuer not cooperating)
Prayagraj Water Pvt Ltd               LT Bk Fac          Provisional    1797.8  Assigned
                                                         CARE A-     
Raghuvir Oil Mill                     LT Bk Fac          CARE D         10      -
(Issuer not cooperating)
Rama Steel Tubes Ltd                  LT Bk Fac          CARE BBB       400     Reaffirmed
Rama Steel Tubes Ltd                  LT/ST Bk Fac       CARE BBB/A3+   450     Reaffirmed
Ranchhod Oil Mill Company             LT Bk Fac          CARE D         95      -
(Issuer not cooperating)
S Chand And Company Ltd               LT Bk Fac          CARE A         900     Revised from
                                                                                CARE AA-
Sandhu Farms Pvt Ltd                  LT Bk Fac          CARE D         30.3    -
(Issuer not cooperating)
Shapoorji Pallonji And Company Pvt LtdProposed Non-      CARE AA-       1000    Revised from
                                      Convertible                               CARE AA
                                      Debenture (NCD)
Shree Baalaji Milk & Milk Products    LT Bk Fac          CARE D         502.9   Revised from
                                                                                CARE BB
Shubham Propmart Pvt Ltd              LT Bk Fac          CARE D         98.1    -
(Issuer not cooperating)
Veer Energy & Infrastructure Ltd      LT Bk Fac          CARE BB+       30      Revised from
                                                                                CARE BBB-
Vintage Home Fashions                 LT Bk Fac          CARE D         57.5    -
(Issuer not cooperating)
Weldfast Electrodes Pvt Ltd           LT Bk Fac          CARE BBB       50      -
(Issuer not cooperating)
--------------------------------------------------------------------------------------------
$: 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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