March 12, 2019 / 5:10 AM / 3 months ago

CARE ratings for Indian debt instruments-Mar 12

    Mar 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 11, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abis Exports (India) Pvt Ltd          ST Bk Fac          CARE A1+       750     Reaffirmed
(enhanced from Rs.35 Crore)
Adarsh Transformers Pvt Ltd           ST Bk Fac          CARE A4        2.8
“Issuer Not Cooperating; Based on best available information”

Akbar Travels Of India Pvt Ltd        ST Bk Fac          CARE A4        -       Withdrawn
Ankur Scientific Energy Technologies  ST Bk Fac          CARE A3        87.5    -
Pvt Ltd
Issuer Not Cooperating; On the basis of best available information; Revised from CARE A3+
A.M. Vinyl Pvt Ltd                    ST Bk Fac          CARE D         135     -
Issuer Not Cooperating, Based on Best available information.
Bhaarathi Spintex India Pvt Ltd       ST Bk Fac          CARE A4        13.6    -
Issuer Not Cooperating; Based on best available information
Bhagyanagar Gas Ltd                   ST Bk Fac          CARE A1        120     Reaffirmed
Bhanavi Agro Pvt Ltd                  ST Bk Fac          CARE A4        -       Withdrawn
Borah Automobiles Pvt Ltd             ST Bk Fac          CARE A4        1       Reaffirmed
Cell Com Teleservices Pvt Ltd         ST Bk Fac          CARE A4+       135     -
Issuer Not Cooperating;Based on the best available information
Drashti Cotspin Pvt Ltd               ST Bk Fac          CARE A4        16.5    -
Issuer not co operating; On the basis of best available information
Elec Steel Processing Industries      ST Fac             CARE A4        150     -
Issuer Not Cooperating;On the basis of best available information
Enrich Energy Pvt Ltd                 ST Bk Fac          CARE A3        730
Revised from CARE A3+ (A Three Plus)
Ferozepur Foods Pvt Ltd               ST Bk Fac          CARE A4        500     Assigned
Finepac Structures Pvt Ltd            ST Bk Fac          CARE A4        69      -
Issuer Not Cooperating; based on best available information
Gateway Fabrics                       ST Bk Fac          CARE A4        20      Assigned
Ghanshyam Impex                       ST Bk Fac          CARE A4        2.8     Assigned
Glassco Laboratory Equipments Pvt Ltd ST Bk Fac          CARE A2        200     Reaffirmed
(enhanced from Rs. 12.00 Crore)
Globion India Pvt Ltd                 ST Bk Fac          CARE A3+       38.2    Reaffirmed
Gopal Rice Mill                       ST Bk Fac          CARE A4        70
Removed from Non Cooperation and Reaffirmed
H.K Designs (India) Llp (Erstwhile H.KST Bk Fac          CARE A2+       38.5    Reaffirmed
Designs (India))
Hari Krishna Exports Pvt Ltd          ST Bk Fac          CARE A2+       459.9   Reaffirmed
Harinarayan Khandelwal                ST Bk Fac          CARE A4+       190     Assigned
Invesco India Mutual Fund             ST Bk Facility*    CARE A1+       5000    Reaffirmed
*Facility is extended to 9 debt schemes of Invesco Mutual Fund
Kilpest India Ltd                     ST Bk Fac          CARE A4        -       Withdrawn
Liberty House Group Pte. Ltd          Proposed ST Bk Fac CARE A1        -       Withdrawn
                                      (Non - Fund based)
Mahajan Fabrics Pvt Ltd               ST Bk Fac          CARE A4        40      -
Issuer Not Cooperating; Based on best available Information
Mahanagar Telephone Nigam Ltd         ST Bk Fac          CARE A1+ (SO)  80000   Assigned
Maxx Orthopedics, Inc.                ST Bk Fac          CARE A2        360     Assigned
Mehul Construction Company Pvt Ltd    ST Bk Fac          CARE A4+       600
Revised from CARE A3; (A three) ; (reduced from 64.50 Crore)
Natural & Essential Oils Pvt Ltd      ST Bk Fac          CARE A4        50      Reaffirmed
Navkar Builders Ltd                   ST Bk Fac          CARE A4        120     -
Issuer Not Cooperating; On the basis of best available information
Oracle Granito Ltd                    ST Bk Fac          CARE A3        90      Reaffirmed
P. Manickam & Co                      ST Bk Fac          CARE A4+       100     -
Issuer Not Cooperating;Based on best available information
Payal Petropack Pvt Ltd               ST Non-fund        CARE A4        280     Reaffirmed
                                      basedFac
Pinnacle Industries Ltd               ST Bk Fac          CARE A3+       190.5   Reaffirmed
Ponni Fab                             ST Bk Fac          CARE A4        65      Reaffirmed
(reduced from 7.00 Crore)
R R Stones Pvt Ltd                    ST Bk Fac          CARE A4        100     -
Issuer Not Cooperating; based on best available information
Rutu Enterprises                      ST Bk Fac          CARE A4+       240     Reaffirmed
Sahaj E-Village Ltd                   ST Bk Fac          CARE A2+ (SO)  38
                                      (Facility 3)#
Placed on Credit Watch with Developing Implications ; #backed by letter of comfort from SIFL
Sayaji Industries Ltd                 ST Bk Fac          CARE A3        355     Reaffirmed
(enhanced from 5.50 Crore)
Shree Ganesh Solvex Pvt Ltd           ST Bk Fac          CARE A4        10      -
Issuer Not Cooperating;Based on Best Available Information
Skf Boilers And Driers Pvt Ltd        ST Bk Fac          CARE A4        273.5   -
Issuer Not Cooperating; Based on best available information
S R Collection Pvt Ltd                ST Bk Fac          -              -       Withdrawn
Skipper Ltd                           Long/ST Bk Fac     CARE A1        14000
Revised from CARE A1+ (A One Plus)
Solcen Infra Pvt Ltd                  ST Bk Fac          CARE A4        49      -
Issuer Not Cooperating; Based on best available Information
Stylam Industries Ltd                 ST Bk Fac          CARE A2        1017.4  Reaffirmed
(enhanced from Rs. 90.10 Crore)
Sunkraft Designs                      ST Bk Fac          CARE A4        0.5     -
Issuer Not Cooperating;Based on best available Information
Surya Electricals And Engineers Pvt LtLT/ST Bk Fac       CARE A4        43      Assigned
Textech Indo India Pvt Ltd            Short – term Fac   CARE A4        10      Reaffirmed
Tirupati Pulses Pvt Ltd               ST Bk Fac          CARE A4        20      Reaffirmed
Todi Rayons Pvt Ltd                   ST Bk Fac          CARE A4        -       Withdrawn
U K Aromatics And Chemicals           ST Fac             CARE A4        -       Withdrawn
Vipul Ltd                             ST Bk Fac          CARE A4        -       Withdrawn
Vsn International                     ST Bk Fac          CARE A4        -       Withdrawn
Yogendra International                ST Bk Fac          CARE A4        127     -
Issuer Not Cooperating;Based on best available information

LONG TERM RATINGS:
-------------------
A.M. Vinyl Pvt Ltd                    LT Bk Fac          CARE D         315     -
Issuer Not Cooperating, Based on Best available information.
Aastha Society                        LT Bk Fac          CARE BB        51.4
Revised from CARE BB-; Stable (Double B Minus)
Abis Exports (India) Pvt Ltd          LT Bk Fac          CARE A+        5769.2  Reaffirmed
(enhanced from Rs.427.49 Crore)
Adarsh Transformers Pvt Ltd           LT Bk Fac          CARE BB-       1.3
“Issuer Not Cooperating; Based on best available information”
Adarsh Transformers Pvt Ltd           LT/ST Bk Fac       CARE BB-/A4    49
“Issuer Not Cooperating; Based on best available information”
Akbar Online Booking Company Pvt Ltd  LT Bk Fac          CARE BB        -       Withdrawn
Akbar Travels Of India Pvt Ltd        LT Bk Fac          CARE BB        -       Withdrawn
Alfa Trust Dec 2018 (Originator: Ikf  Series A PTC       CARE A (SO)    300.2
Finance Ltd)
Assigned a rating of Provisional'
Amrit Malwa Capital Ltd               NCDs               CARE BBB-      200     Assigned
Ankur Scientific Energy Technologies  LT Bk Fac          CARE BBB-      87.5    -
Pvt Ltd
Issuer Not Cooperating; On the basis of best available information; Revised from CARE BBB;
Positive
Arun Excello Urban Infrastructure Pvt LT Bk Fac          CARE BB        310     Reaffirmed
Ltd
(enhanced from Rs.17.00 Crore)
Arun Fabricators                      LT Bk Fac          CARE BB        1320    Reaffirmed
Ashwath Quippo Infraprojects Pvt Ltd  LT Bk Fac          CARE AA (SO)   340
                                      (Facility-I)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guarantee provided/to be provided by
Srei Equipment Finance Limited (SEFL) and partially in the form of upfront cash margin.
Ashwath Quippo Infraprojects Pvt Ltd  LT Bk              CARE AA (SO)   340
                                      Fac(Facility-II)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guarantee provided/to be provided by
Srei Equipment Finance Limited (SEFL) and partially in the form of upfront cash margin.
Ashwath Quippo Infraprojects Pvt Ltd  Proposed LT Bk Fac CARE AA (SO)   400
                                      (Facility-III)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guarantee provided/to be provided by
Srei Equipment Finance Limited (SEFL) and partially in the form of upfront cash margin.
Ashwath Quippo Infraprojects Pvt Ltd  Proposed LT Bk Fac CARE AA (SO)   400
                                      (Facility-IV)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guarantee provided/to be provided by
Srei Equipment Finance Limited (SEFL) and partially in the form of upfront cash margin.
Ashwath Quippo Infraprojects Pvt Ltd  Proposed LT Bk Fac CARE AA (SO)   400     -
                                      (Facility-V)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guarantee provided/to be provided by
Srei Equipment Finance Limited (SEFL) and partially in the form of upfront cash margin.
Ashwath Quippo Infraprojects Pvt Ltd  Proposed LT Bk Fac CARE AA (SO)   120     -
                                      (Facility-VI)
Placed on Credit Watch with Developing ; backed by credit enhancement in the form of limits
partially backed by unconditional & irrevocable corporate guaran
Bal Kishan Om Prakash And Company     LT / ST Bk Fac     CARE BB-/A4    80      Reaffirmed
Banshi Cotton Pvt Ltd                 LT/ST Bk Fac       CARE B+/A4     120     -
Issuer Not Cooperating; On the basis of best available information; Revised from CARE BB-;
Stable/CARE A4(Double B Minus; Outlook: Stable / A Four)
Bhaarathi Spintex India Pvt Ltd       Long -term Bk Fac  CARE BB        411.7   -
Issuer Not Cooperating; Based on best available information
Bhagyanagar Gas Ltd                   LT Bk Fac          CARE A+        7880    Reaffirmed
Bhai Gurdas Technical Educational TrusLT Bk Fac          CARE BB-       25      -
Issuer Not Cooperating;Based on best available Information
Bhanavi Agro Pvt Ltd                  LT Bk Fac          CARE B+        -       Withdrawn
Bhavani Constructions                 LT Bk Fac          CARE BB+       50      -
Issuer Not Cooperating; Based on best available information
Bhavani Constructions                 LT/ST Bk Fac       CARE BB+/A4+   50      -
Issuer Not Cooperating; Based on best available information
Borah Automobiles Pvt Ltd             LT Bk Fac          CARE B+        130     Reaffirmed
Cell Com Teleservices Pvt Ltd         LT Bk Fac          CARE BB+       65      -
Issuer Not Cooperating;Based on the best available information
Deccan Jewellers Pvt Ltd              LT Bk Fac          CARE B+        290     Reaffirmed
Drashti Cotspin Pvt Ltd               LT Bk Fac          CARE B+        240.9   -
Issuer not co operating; On the basis of best available information
Eagle Shrishri Jamner Pvt Ltd         LT Bk Fac #        CARE BBB+ (SO) 655.1   Assigned
# The above rating is provisional and shall be confirmed upon execution of unconditional and
irrevocable corporate guarantee by Eagle Infra India Limited (EIIL) in favor of the lending
institutions/banks and other required documents to the satisfaction of CARE Ratings Limited.
Eagle Wardha Highways Pvt Ltd         LT Bk Fac #        CARE BBB+ (SO) 428.6   Assigned
# The above rating is provisional and shall be confirmed upon execution of unconditional and
irrevocable corporate guarantee by Eagle Infra India Limited (EIIL) in favor of the lending
institutions/banks and other required documents to the satisfaction of CARE Ratings Limited. 
Elec Steel Processing Industries      LT Bk Fac          CARE BB        108.3   -
Issuer Not Cooperating;On the basis of best available information
Enrich Energy Pvt Ltd                 LT Bk Fac          CARE BBB-      465.7
Revised from CARE BBB+; Stable (Triple B Plus; Outlook : Stable) ; ( reduced from 53.00 Crore)
Ferozepur Foods Pvt Ltd               LT Bk Fac          CARE BB        413.1   Reaffirmed
Finepac Structures Pvt Ltd            LT Bk Fac          CARE BB        23      -
Issuer Not Cooperating; based on best available information
Finepac Structures Pvt Ltd            LT/ ST Bk Fac      CARE BB/A4     28      -
Issuer Not Cooperating; based on best available information
G.M. Cot Fibers                       LT Bk Fac          CARE B+        89
“Issuer Not Cooperating;Based on best available information”
Gateway Fabrics                       LT Bk Fac          CARE BB        102.1   Assigned
Ghanshyam Impex                       LT Bk Fac          CARE BB        52.5    Assigned
Glassco Laboratory Equipments Pvt Ltd LT Bk Fac          -              -       Withdrawn
Global Institute Of Medical Science & LT Bk Fac          CARE B+        200
Health Care
“Issuer Not Cooperating; Based on best available information”
Globion India Pvt Ltd                 LT Bk Fac          CARE BBB       609.8   Reaffirmed
(Reduced from 61.58 Crore)
Goel Cargo Pvt Ltd                    LT Bk Fac          CARE BB-       100     -
Issuer Not Cooperating;Based on best available Information
Gopal Rice Mill                       LT Bk Fac          CARE B+        10
Removed from Non Cooperation and Reaffirmed
H.K Designs (India) Llp (Erstwhile H.KLT / ST Bk Fac     CARE A         863.3   Reaffirmed
Designs (India))
H.K Jewels Pvt Ltd                    LT Bk Fac          CARE A         250     Assigned
Hari Krishna Exports Pvt Ltd          LT Bk Fac *        CARE A         16809   Reaffirmed
*The rating assigned to the term loan facility has been withdrawn as the same has been fully
repaid and no dues available for the same
Harinarayan Khandelwal                LT Bk Fac          CARE BB        10      Assigned
Harmony Laminates Pvt Ltd             LT Bk Fac          CARE BB-       65      Assigned
Hazaribagh Ranchi Expressway Ltd      Senior NCD issue   CARE C         4580
                                      (NCD) - Series A
Revised from CARE BB (SO); [Credit Watch with Negative Implications]
Hazaribagh Ranchi Expressway Ltd      Subordinate NCD    CARE C         1430
                                      issue (NCD) -
                                      Series B
Revised from CARE BB (SO); [Credit Watch with Negative Implications]
Hriday Fincorp Pvt Ltd                LT Bk Fac          CARE BB        30      Reaffirmed
Hriday Fincorp Pvt Ltd                NCD issue          CARE BB        20.6    Reaffirmed
Hriday Fincorp Pvt Ltd                NCD issue          CARE BB        45      Reaffirmed
India Land Infrastructure Development LT Bk Fac          CARE A         116.5   Reaffirmed
Pvt Ltd
(reduced from 20.47 Crore)
Indian Agro And Food Industries Ltd   LT Bk Fac          CARE A+        4179.7  Reaffirmed
(enhanced from Rs.294.21 Crore)
Joshi Technologies International Inc. LT Bk Fac          CARE A+        366.5   Reaffirmed
India Projects
K. K. Rao Green Energy Pvt Ltd        Long -term Bk Fac  CARE BB        123.4   -
Issuer Not Cooperating; based on best available information
Kankani Enterprises Pvt Ltd           LT Bk Fac          CARE B+        -       Withdrawn
Kas On Site Power Solutions Llp       LT FB Fac (TL)     CARE BBB+      1488.8
Revised from CARE BBB; Stable (Triple B; Outlook: Stable) ; (Reduced from 160.00 Crore)
Kilpest India Ltd                     LT Bk Fac          CARE BB-       -       Withdrawn
Liberty Commodities Group Pte. Ltd    Proposed LT/ST Bk  CARE A/ A1     -       Withdrawn
                                      Fac
Liberty House Group Pte. Ltd          Proposed LT Bk Fac CARE A         -       Withdrawn
                                      (Fund based)
Linkquest Quippo Infra Llp            LT Bk Fac*         CARE AA (SO)   1750
Placed on Credit Watch with Developing Implications ; *backed by proposed credit enhancement in
the form of unconditional and irrevocable corporate guarantee to be provided by Srei Equipment
Finance Ltd (SEFL)
Ma Moni Cold Storage Pvt Ltd          LT Bk Fac          CARE B+        55      Reaffirmed
Mahajan Fabrics Pvt Ltd               LT Bk Fac          CARE B         124.6   -
Issuer Not Cooperating; Revised from CARE B+; Stable (Single B Plus; Outlook: Stable) on the
basis of best available Information
Mahajan Fabrics Pvt Ltd               LT Bk Fac/ ST Bk   CARE B/A4      2.1     -
                                      Fac
Issuer Not Cooperating; Revised from CARE B+; Stable/ CARE A4 (Single B Plus; Outlook: Stable/ A
Four) on the basis of best available Information
Mahalakshmi Alloys And Metals Pvt Ltd Long -term Bk Fac  CARE BB-       54      -
Issuer Not Cooperating; based on best available information
Mahalakshmi Alloys And Metals Pvt Ltd LT/ST Bk Fac       CARE BB-/A4    40      -
Issuer Not Cooperating; based on best available information
Mahanagar Telephone Nigam Ltd         LT Bk Fac          CARE AAA (SO)  91000   Assigned
Mahanagar Telephone Nigam Ltd         LT/ST Bk Fac       CARE AAA       49000   Assigned
                                                         (SO)/A1+ (SO)
Maruti Granites And Marbles Pvt Ltd   LT Bk Fac          CARE BB        110
“Issuer Not Cooperating; Based on best available information”
Medchem Labs                          LT Bk Fac          CARE B         62.5    -
Issuer Not Cooperating; Revised from CARE B+; Stable (Single B Plus; Outlook: Stable) on the
basis of best available information
Mehul Construction Company Pvt Ltd    LT Bk Fac          CARE BB+       250
Revised from CARE BBB-; Stable (Triple B minus; Outlook: Stable) ; (enhanced from 21 Crore)
Natural & Essential Oils Pvt Ltd      LT Bk Fac          CARE BB-       157.3   Reaffirmed
(reduced from Rs.16.41 Crore)
Navkar Builders Ltd                   LT Bk Fac          CARE BB-       130     -
Issuer Not Cooperating; On the basis of best available information
Nishit Aggarwal Krishi Sewa Kendra    LT / ST Bk Fac     CARE BB-/A4    150     Reaffirmed
Oracle Granito Ltd                    LT Bk Fac          CARE BBB-      380.1
Revised from CARE BBB-; Stable (Triple B Minus; Outlook: Stable) ; (reduced from Rs.40.72 Crore)
Orange Mamatkheda Wind Pvt Ltd        LT Bk Fac          CARE A-        9357.7
Revised from CARE BBB+; Stable (Triple B Plus; Outlook: Stable) ; (reduced from 987.20 Crore)
P. Manickam & Co                      Long -term Bk Fac  CARE BB+       170     -
Issuer Not Cooperating;Based on best available information
P. Manickam & Co                      Long/ST Bk Fac     CARE BB+/A4+   30      -
Issuer Not Cooperating;Based on best available information
Palm Heights Pvt Ltd                  LT Bk Fac          CARE D         150     -
Issuer Not Cooperating; Based on the best available Information
Paradigm Business Ventures            LT Bk Fac          CARE BB-       350     -
Issuer Not Cooperating;Based on best Available Information
Parker Vrc Infrastructure Pvt Ltd     LT Bk Fac          CARE D         450     -
Issuer Not Cooperating;Based on best available information
Pate Future Constructions Llp         LT Bk Fac          CARE D,        450     -
Issuer Not Cooperating; Based on best available information
Payal Petropack Pvt Ltd               LT FB Fac          CARE BB        40      Reaffirmed
Pg Foils Ltd                          LT Bk Fac          CARE A-        900     Reaffirmed
(enhanced from 40.00 Crore)
Pg Foils Ltd                          Long/ ST Bk Fac    CARE A-/A1     550     Reaffirmed
(reduced from 105.00 Crore)
Pinnacle Industries Ltd               LT Bk Fac          CARE BBB       747.4   Reaffirmed
(enhanced from Rs.61.39 Crore)
Pnc Kanpur Highways Ltd               LT Bk Fac          CARE A-        2016.7  Reaffirmed
(reduced from 236.23 Crore)
Power Grid Corporation Of India Ltd   LT Bk Fac (TL)     CARE AAA       200000  Reaffirmed
(enhanced from 10,000 Crore)
Quippo Energy Ltd                     LT Bk Fac          -              -       Withdrawn
                                      (Facility 1)#
#backed by put option from Srei Infrastructure Finance Ltd. (SIFL);
Quippo Energy Ltd                     LT Bk Fac          CARE A- (SO)   24.5
                                      (Facility 2)*
Placed on Credit Watch with Developing Implications ; *backed by letter of comfort from SIFL
Quippo Oil & Gas Infrastructure Ltd   LT Bk Fac(Facility CARE A+ (SO)   1350
                                      1)*
Placed on Credit Watch with Developing Implications ; *backed by credit enhancement in the form
of unconditional and irrevocable guarantee of Srei Infrastructure Finance Ltd (SIFL)
Quippo Oil & Gas Infrastructure Ltd   LT Bk Fac(Facility CARE A+ (SO)   318.8
                                      2)#
Placed on Credit Watch with Developing Implications ; # based on credit enhancement in the form
of Put option of SIFL.
Quippo Oil & Gas Infrastructure Ltd   Long/ST Bk Fac     CARE A+        150
                                      (Facility 3)*      (SO)/A1+ (SO)
Placed on Credit Watch with Developing Implications ; *backed by credit enhancement in the form
of unconditional and irrevocable guarantee of Srei Infrastructure Finance Ltd (SIFL)
R R Stones Pvt Ltd                    Long -term Bk Fac  CARE BB-       80      -
Issuer Not Cooperating; based on best available information
Radhe Agro Industries India Pvt Ltd   LT Bk Fac          CARE B+        136.3   Assigned
Radiant Polymers Pvt Ltd              NCD issue (Series  CARE B+        337     Reaffirmed
                                      A)
Radiant Polymers Pvt Ltd              NCD issue (Series  CARE B+        413     Reaffirmed
                                      B)
Rajendra Ispat Pvt Ltd                LT Bk Fac          CARE B+        265     Assigned
Rasilant Technologies Pvt Ltd         LT Bk Fac/ ST Bk   CARE D         75
                                      Fac
Revised from CARE B+; Stable/ CARE A4
Ridhi Sidhi Prime Builders            LT Bk Fac          CARE B+        -       Withdrawn
Rk Trade Vision Pvt Ltd               LT Bk Fac          CARE B         80      -
Issuer Not Cooperating; based on best available information.
Rs- Navya Polymers India Pvt Ltd      LT Bk Fac          CARE BB-       80      Assigned
Rutu Enterprises                      LT Bk Fac          CARE BB+       260     Reaffirmed
S R Collection Pvt Ltd                LT Bk Fac          CARE BB-       139.5   Reaffirmed
Sagar And Company                     LT Bk Fac          CARE BB        -       Withdrawn
Issuer Not Cooperating
Sahaj E-Village Ltd                   LT Bk Fac          CARE A- (SO)   70
                                      (Facility 2)^
Placed on Credit Watch with Developing Implications ; ^ backed by letter of responsibility from
SIFL
Sahaj E-Village Ltd                   LT Bk Fac          CARE A+ (SO)   200
                                      (Facility 1)*
Placed on Credit Watch with Developing Implications ; *backed by put option from Srei
Infrastructure Finance Ltd. (SIFL);
Saikrupa Cotgin Pvt Ltd               LT Bk Fac (Fund    CARE D         183.7
                                      Based)
“Issuer Not Cooperating; Based on best available information
Sayaji Industries Ltd                 LT Bk Fac          CARE BBB       410     Reaffirmed
Sayaji Industries Ltd                 LT/ST Bk Fac       CARE BBB/A3    1035    Reaffirmed
Sayed Hifazat Ali                     LT Bk Fac          CARE BB        87.5
“Issuer Not Cooperating; Based on best available information”
Sbi Funds Management Pvt Ltd- Sbi     Close – Ended      CARE AAA mfs   -       Assigned
Capital Protection Oriented Fund –    Capital Protection (SO)
Series A (Plan 3 & 4)                 Oriented Fund
Shantol Green (India) Pvt Ltd         LT Bk Fac          CARE D         91      Assigned
Shantol Green (India) Pvt Ltd         ST Bk Fac          CARE D         0.8     Assigned
Shree Ganesh Solvex Pvt Ltd           LT Bk Fac          CARE B-        50      -
Issuer Not Cooperating;Based on Best Available Information
Shree Govindam Projects And Marketing LT Bk Fac          CARE B+        75
“Issuer Not Cooperating; Based on best available information”
Shree Ram Agro Industries             LT Bk Fac          CARE BB-       120
“Issuer Not Cooperating;Based on the best available information”
Shubh Aluminium Pvt Ltd               LT/ ST Bk Fac      CARE B/A4      140
“Issuer Not Cooperating;Based on best available information”
Shubhgrah Metals Pvt Ltd              LT/ ST Bk Fac      CARE B/A4      66.2
“Issuer Not Cooperating;Based on best available information”
Siyaram Cotton Industries             LT Bk Fac          CARE B+        139
“Issuer Not Cooperating;Based on best available information”
Sk Samir Ali                          LT Bk Fac          CARE B+        80
Revised From CARE BB-; Stable(Double B Minus, Outlook:Stable)Issuer Not Cooperating; Based on
best available information
Skf Boilers And Driers Pvt Ltd        Long -term Bk Fac  CARE BB        26      -
Issuer Not Cooperating; Based on best available information
Skilltech Engineers And Contractors PvLT Bk Fac          CARE BB        70      Reaffirmed
Ltd
(reduced from 12.00 Crore)
Skilltech Engineers And Contractors PvLT/ ST Bk Fac      CARE BB/A4     325     Reaffirmed
Ltd
(reduced from 37.50 Crore)
Skipper Ltd                           LT Bk Fac          CARE A         5561.2
Revised from CARE AA-; Stable (Double A Minus; Outlook: Stable) ; (reduced from 588.41 Crore)
Solcen Infra Pvt Ltd                  LT Bk Fac          CARE B+        33.5    -
Issuer Not Cooperating; Revised from CARE BB-; Stable on the basis of best available Information
Sree Gokul'S Tiles Mart               LT Bk Fac          CARE BB+       80      Assigned
Sree Renuka Poultry Farm              Long -term Bk Fac  CARE BB-       125     -
Issuer Not Cooperating; Based on best available information
Srg Securities Finance Ltd            LT Bk Fac          CARE BB        -       Withdrawn
Stylam Industries Ltd                 LT Bk Fac          CARE A-        1176.6  Reaffirmed
(enhanced from Rs. 62.88 Crore)
Sumal India                           LT / ST Bk Fac     CARE BB/A4     100
“Issuer Not Cooperating; Based on best available information
Sunkraft Designs                      LT Bk Fac/ ST Bk   CARE BB-/A4    150     -
                                      Fac
Issuer Not Cooperating; Revised from CARE BB; Stable/ CARE A4 on the basis of best available
Information
Supreme Agro Foods Pvt Ltd            LT Bk Fac          CARE BBB+      530     Reaffirmed
(enhanced from 28 Crore)
Surya Electricals And Engineers Pvt LtLT Bk Fac          CARE BB-       207     Assigned
Tarangini Layers Pvt Ltd              LT Bk Fac          CARE B+        61.6    Reaffirmed
(reduced from 8.15 Crore)
Tayal Fibers                          LT Bk Fac          CARE B+        -       Withdrawn
Textech Indo India Pvt Ltd            Long –term Fac     CARE BB-       42.6    Reaffirmed
Tirupati Fibres                       LT Bk Fac          CARE B+        80
“Issuer Not Cooperating; Based on best available information”
Tirupati Industries                   LT Bk Fac          CARE BB-       200     Reaffirmed
Tirupati Pulses Pvt Ltd               LT Bk Fac          CARE BB-       140     Reaffirmed
Todi Rayons Pvt Ltd                   LT Bk Fac          CARE BB-       -       Withdrawn
Todi Rayons Pvt Ltd                   Long/ ST Bk Fac    CARE BB- /A4   -       Withdrawn
Tranformex Ferrous Pvt Ltd            LT Bk Fac          CARE D         46.4    -
Issuer not co operating; Based on best available information
U K Aromatics And Chemicals           LT Bk Fac          CARE BB        -       Withdrawn
Unity Jewels                          LT Bk Fac          CARE A         200     Reaffirmed
Vallhabha Milk Products Pvt Ltd       LT Bk Fac          CARE B+        280.6   Reaffirmed
(Reduced from Rs. 30.00 Crore)
Vipul Ltd                             LT Bk Fac          CARE BB        -       Withdrawn
Visage Holdings And Finance Pvt Ltd   Proposed NCD issue CARE BBB       600     Assigned
Vsn International                     LT Bk Fac          CARE BB-       -       Withdrawn
Yashdeep Trademart Pvt Ltd            LT Bk Fac          CARE B         110     Assigned
Yogendra International                LT Bk Fac          CARE B+        26.4    -
Issuer Not Cooperating;Revised from CARE BB-;Stable(Double B Minus; Outlook: Stable) based on
best available information
York Print And Pack                   LT Bk Fac          CARE BB        74.8    -
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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