March 13, 2018 / 6:14 AM / 2 months ago

CARE ratings for Indian debt instruments-Mar 13

    Mar 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 12, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Agio Pharmaceuticals Ltd              ST Bk Fac          CARE A4        92.5    Reaffirmed
                                      (Non-fund Based)
Anand Carbo Pvt. Ltd.                 ST Bk Fac          CARE A3+       250     Revised from
                                                                                CARE A3
Ankur Biochem Pvt Ltd                 ST Bk Fac          CARE A3+       10      Reaffirmed
Antique Marbonite Pvt Ltd             ST BkFac           CARE A2+       260     Reaffirmed
(enhanced from Rs.1.00 Crores)
Apex Laboratories Pvt Ltd             ST Bk Fac          CARE A3        411.5   Reaffirmed
(enhanced from 8 Crores)
Associated Colours Industries Pvt Ltd ST Bk Fac          CARE D         140.5   Revised from
                                                                                CARE A4
Arihant Fibres                        ST Bk Fac          CARE A4        0.8     -
ISSUER NOT COOPERATING
Arvind Kumar Nand Kumar Ltd           ST Bk Fac          CARE A4        5.1     -
ISSUER NOT COOPERATING
B S Shakti Steel Pvt Ltd              ST Bk Fac          CARE A4        30      Assigned
Bhagyoday Agro Industries             ST Bk Fac          CARE A4        28      -
ISSUER NOT COOPERATING
Bhanavi Agro Pvt Ltd                  ST Bk Fac          CARE A4        0.5     Reaffirmed
Chaitanya Electric Company            ST Bk Fac          CARE A4        50      -
ISSUER NOT COOPERATING
Deccan Enterprises Ltd                ST Bk Fac          CARE A2        391.4   Revised from
                                                                                CARE A3+
Dignus Infra Pvt Ltd                  ST Bk Fac          -              -       Withdrawn
Digital Circuits Pvt Limted           ST Bk Fac          CARE A4        80      -
ISSUER NOT COOPERATING
Eagle Steels Rolling Mills Pvt Ltd    ST BkFac           CARE A4        85      -
ISSUER NOT COOPERATING
Essel Mining And Industries Ltd       CP Issue           CARE A1+       10000   Assigned
Etc Agro Processing (India) Pvt. Ltd. ST Bk Fac(fund    CARE A3        800     #
                                      based
                                      /non-fundbased)
Etg Agro Pvt. Ltd.                    ST Bk Fac(fund    CARE A3        800     #
                                      based /
                                      non-fundbased)
Fiotex Cotspin Pvt Ltd                ST Bk Fac          CARE A4+       209     Revised from
                                                                                CARE A4
(enhanced from Rs.10.90 Crores)
Gc Spintex Ltd                        ST Bk Fac          CARE A3+       3.5     Revised from
                                                                                CARE A3
Hastkala                              ST Bk Fac          -              -       Withdrawn
Indore Composite Pvt Ltd              LT/ ST BkFac       CARE A3+       180.8   Reaffirmed
(enhanced from 12.08 Crores)
J.G Spinning Mills Pvt Ltd            ST Bk Fac          CARE A4+       51      Reaffirmed
K. P. Automotives Pvt. Ltd.           ST Bk Fac*         CARE A3        450     Reaffirmed
*rating of the bank facility for Inventory funding limits of Rs.5.00 crore has been withdrawn
due to withdrawal of the said facility by the bank
Karthik Induction Ltd                 ST Bk Fac          CARE A4        77.5    -
ISSUER NOT COOPERATING
Kochar Enterprises Pvt Ltd            ST Bk Fac          CARE A4        3.2     ISSUER NOT
                                                                                COOPERATING
Krishna Wax Pvt Ltd                   ST Bk Fac          CARE A4        102.5   Revised from
                                                                                CARE A4
ISSUER NOT COOPERATING
Kushal Impex                          ST Bk Fac          CARE A4        120     Assigned
Manju Shree Syntex Pvt Ltd            ST Bk Fac          -              -       Withdrawn
M A R Fabricators India Pvt Ltd       ST Bk Fac          CARE A4        35      Assigned
M.K. Engineers Group                  ST Bk Fac          -              -       Withdrawn
Mittal Enterprises                    ST BkFac           CARE A4        150     Assigned
Nahar Poly Films Ltd                  ST Bk Fac          CARE A2+       210     Reaffirmed
Nayaab Jewels                         ST Bk Fac          CARE D         2.7     -
ISSUER NOT COOPERATING
Nb Entrepreneurs                      ST Bk Fac          CARE A4        45      -
ISSUER NOT COOPERATING
Nigamananda Cold Storage Pvt Ltd      ST Bk Facility     CARE A4        2.5     Assigned
Patel Integrated Logistics Ltd        ST Bk Fac (Non FB  -              -       Withdrawn
                                      Limits)
P. G. Setty Construction Technology PvST BkFac           CARE A4        150     -
Ltd
ISSUER NOT COOPERATING
P.K. Engineers And Contractors        ST BkFac           CARE A4        30      -
ISSUER NOT COOPERATING
Plazma Technologies Pvt Ltd           ST Bk Fac          CARE A4        58      ISSUER NOT
                                                                                COOPERATING
R. P. Steel Industries                ST BkFac           CARE A4        100     Assigned
R.Venkata Reddy                       ST Bk Fac          CARE A4        22.5    -
ISSUER NOT COOPERATING
Radhamadhab Cold Storage Pvt Ltd      ST Bk Facility     CARE A4        9.6     Assigned
Radhamohan Builders Pvt Ltd           ST Bk Fac          CARE A4        13.1    Reaffirmed
Rama Rice And General Mills           ST Bk Fac          CARE A4        2       -
ISSUER NOT COOPERATING
Sajjala Woven Sacks Pvt Ltd           ST Bk Fac          CARE A4        10      ISSUER NOT
                                                                                COOPERATING
Smilax Laboratories Ltd               ST Bk Fac          CARE D         187.9   Revised from
                                                                                CARE A3
ISSUER NOT COOPERATING
Sharma East India Hospital And MedicalST Bk Fac          CARE A4        2       Reaffirmed
Research Ltd
Shivmani Exports Pvt Ltd              ST Bk Fac          CARE A4        143     Reaffirmed
Shree Alloys Industries Pvt Ltd       ST Bk Fac          CARE A4        20      Reaffirmed
Special Lime Stones Pvt Ltd           ST Bk Fac          CARE A4        5       Assigned
Sulson Overseas Pvt Ltd               ST BkFac           CARE A4        40      -
ISSUER NOT COOPERATING
Suraksha Asset Reconstruction Pvt Ltd CP                 CARE A1+(SO)*  950     Reaffirmed
* backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee
by Lakshdeep Investments and Finance Private Limited. (LIFPL, guarantor). 
Suraksha Asset Reconstruction Pvt Ltd Proposed CP (CP)   CARE A1+(SO)*  2000    Final Rating
                                      issue – 2                                 Assigned
* backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee
by Lakshdeep Investments and Finance Private Limited. (LIFPL, guarantor).
Suraksha Asset Reconstruction Pvt Ltd Proposed CP (CP)   CARE A1+(SO)** 3050    Reaffirmed
                                      issue
** to be backed by credit enhancement in the form of unconditional and irrevocable corporate
guarantee by Lakshdeep Investments and Finance Private Limited. (LIFPL, guarantor).
Suyash Engineering Company            ST Bk Fac          CARE A4        30      ISSUER NOT
                                                                                COOPERATING
Tathastu Spintex Pvt Ltd              ST BkFac           CARE A4        23      Reaffirmed
Terna Public Charitable Trust         ST Bk Fac          CARE A4        30      -
ISSUER NOT COOPERATING
Travancore Cocotuft Pvt Ltd           ST Bk Fac          CARE A4+       240     Reaffirmed
(Enhanced from 7.00 Crore)
Trimurty Spinning Mills Pvt Ltd       ST Bk Fac          CARE A4        12.5    -
ISSUER NOT COOPERATING
Troix Chemicals Pvt Ltd               ST Bk Fac          CARE A4        10      -
ISSUER NOT COOPERATING
Uni-Com India Pvt Ltd                 ST Bk Fac          CARE A2+       200     Reaffirmed
(enhanced from 16.00 Crores)
Vatsala Electricals                   ST Bk Fac          CARE A4        15.2    -
ISSUER NOT COOPERATING
Vidyut Controls And Automation Pvt LtdST Bk Fac          CARE A4+       20      -
ISSUER NOT COOPERATING
Viraat Textiles                       ST Bk Fac          CARE A4        8       Assigned
Virendra & Company                    ST BkFac           CARE A3        357     Reaffirmed
Vkl Seasoning Pvt. Ltd.               ST Bk Fac (LC/BG)  CARE A3+       40      Reaffirmed
LONG TERM RATINGS:
-------------------
Agio Pharmaceuticals Ltd              LT Bk Fac (TL)     CARE BB        25.1    Reaffirmed
(reduced from 3.50 Crores)
Agio Pharmaceuticals Ltd              Long/ST BkFac(Fund CARE BB/A4     669.9   Reaffirmed
                                      Based)
(enhanced from 66.00 Crores)
Agrawal Ginning And Pressing Pvt Ltd  LT Bk Fac          CARE BB        112.7   -
ISSUER NOT COOPERATING
Alpine Expo Tex Pvt. Ltd.             LT Bk Fac          CARE BB-       200     Reaffirmed
(enhanced from 18.65crs)
Alwar General Finance Company Pvt Ltd LT Bk Fac          CARE BB        100     Reaffirmed
Amritsar Swadeshi Textile Corporation LT BkFac           CARE BB-       86.6    -
Pvt Ltd
ISSUER NOT COOPERATING
Anand Carbo Pvt. Ltd.                 LT Bk Fac          CARE BBB       200     Revised from
                                                                                CARE BBB-
Ankur Biochem Pvt Ltd                 LT Bk Fac          CARE BBB+      527.6   Reaffirmed
(reduced from 69.00 Crores)
Antique Marbonite Pvt Ltd             LT BkFac           CARE A-        850     Reaffirmed
(enhanced from Rs.55.00 Crores)
Antique Marbonite Pvt Ltd             LT / ST Bk Fac     CARE A-/A2+    270     Reaffirmed
Apex Laboratories Pvt Ltd             LT Bk Fac          CARE BBB-      819.3   Reaffirmed
(reduced from 148.77 Crores)
Arihant Fibres                        LT Bk Fac          CARE BB-       76      -
ISSUER NOT COOPERATING
Arvind Kumar Nand Kumar Ltd           LT Bk Fac          CARE BB-       54.9
ISSUER NOT COOPERATING
Associated Colours Industries Pvt Ltd LT Bk Fac          CARE D         4.9     Revised from
                                                                                CARE B
Atria Wind Power Pvt Ltd              LT Bk Fac          CARE BBB-      1642.5  Reaffirmed
B S Shakti Steel Pvt Ltd              LT Bk Fac          CARE BB-       370     Assigned
Bazaari Global Finance Ltd.           LT Bk Fac          CARE BB        50      Reaffirmed
Bhagyoday Agro Industries             LT Bk Fac          CARE B+        76      -
ISSUER NOT COOPERATING
Bhagyoday Agro Industries             LT/ST BkFac        CARE B+/A4     20      -
ISSUER NOT COOPERATING
Bhanavi Agro Pvt Ltd                  LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE BB-
Bihani Binayake Cotex Pvt Ltd         LT Bk Fac          CARE B+        106.9   -
ISSUER NOT COOPERATING
Calypso Agro Industries Pvt Ltd       LT Bk Fac          CARE B+        100     ISSUER NOT
                                                                                COOPERATING
Chaitanya Electric Company            LT Bk Fac          CARE B+        10      -
ISSUER NOT COOPERATING
Dagar Farm                            LT Bk Fac          CARE B+        70      -
ISSUER NOT COOPERATING
Deccan Enterprises Ltd                LT Bk Fac          CARE A-        161     Revised from
                                                                                CARE BBB+
Dharwad Mishra Pedha And Food         LT Bk Fac          CARE BB-       300     Assigned
Processing Industry
Digital Circuits Pvt Limted           LT Bk Fac          CARE B         168     Revised from
                                                                                CARE BB-
ISSUER NOT COOPERATING
Digital Circuits Pvt Limted           Long/Short term    CARE B/A4      12      Revised from
                                      BkFac                                     CARE BB-/CARE
                                                                                A4
ISSUER NOT COOPERATING
Digital Factory                       LT Bk Fac          CARE B         62.5    -
ISSUER NOT COOPERATING
Dignus Infra Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Dte Exports Pvt Ltd                   LT/ST Bk Fac       -              -       Withdrawn
Eagle Steels Rolling Mills Pvt Ltd    LT BkFac           CARE BB-       255     -
ISSUER NOT COOPERATING
Eastern Navigation Pvt Ltd            LTBk Fac           CARE BB+       94      -
ISSUER NOT COOPERATING
E-Homes Infrastructure Pvt Ltd        LT                 CARE BB+       2010    Revised from
                                      Instruments(Non                           CARE BB
                                      Convertible Debentures NCDs)
Ellenabad Steels Pvt Ltd              LT Bk Fac          CARE D         95      ISSUER NOT
                                                                                COOPERATING
Etc Agro Processing (India) Pvt. Ltd. LT Bk Fac –Fund    CARE BBB-      27.5    #
                                      Based
Etc Agro Processing (India) Pvt. Ltd. LT/ST Bk Fac (fund CARE BBB-/CARE 1500    #
                                      based              A3
                                      /nonfund based)
Etg Agro Pvt. Ltd.                    LT Bk Fac(TL)      CARE BBB-      24      #
Etg Agro Pvt. Ltd.                    LT/ST Bk Fac (fund CARE BBB-/CARE 1200    #
                                      based /            A3
                                      nonfund based)
Fiotex Cotspin Pvt Ltd                LT Bk Fac          CARE BB+       1315.3  Revised from
                                                                                CARE BB-
(enhanced from Rs.128.00 Crores)
Garg Steels                           LT Bk Fac          CARE B         110     Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
Gayatri Projects Ltd                  LT Bk Fac          CARE D         21380.3 Revised from
                                                                                CARE BB-
Gayatri Projects Ltd                  LT/ST Bk Fac       CARE D         45940.3 Revised from
                                                                                CARE
                                                                                BB-/CARE A4
Gc Spintex Ltd                        LT Bk Fac          CARE BBB       122.5   Revised from
                                                                                CARE BBB-
Ghanshyam Anjana                      LT Bk Fac          CARE B+        80      Revised from
                                                                                CARE BB-
ISSUER NOT COOPERATING
Ghanshyam Anjana                      LT / Shortterm Bk  CARE B+/A4     25      Revised from
                                      Fac                                       CARE BB-/
                                                                                Reaffirmed
ISSUER NOT COOPERATING
Guranditta Mal Mohan Lal              LT BkFac           CARE B         170     -
ISSUER NOT COOPERATING
Harsha International                  LT Bk Fac          CARE B+        250     Reaffirmed
Hastkala                              LT Bk Fac          -              -       Withdrawn
Hotel Mayfair Pvt Ltd                 LT Bk Fac          CARE BB-       60.5    Revised from
                                                                                CARE B+
Indore Composite Pvt Ltd              LT Bk Fac          CARE BBB+      281.4   Reaffirmed
(enhanced from 16.16 Crores)
J V Exports                           Long -term Bk Fac  CARE BB        160     Reaffirmed
(enhanced from Rs.8.00 Crores)
J.G Spinning Mills Pvt Ltd            LT Bk Fac          CARE BB+       161.1   Reaffirmed
(reduced from 29.96 Crore)
K. P. Automotives Pvt. Ltd.           LT Bk Fac          CARE BBB-      97.2    Reaffirmed
K. P. Automotives Pvt. Ltd.           LT/ST Bk Fac       CARE BBB-/A3   180     Reaffirmed
Karthik Induction Ltd                 LT Bk Fac          CARE B         113.7   -
ISSUER NOT COOPERATING
Kochar Enterprises Pvt Ltd            LT Bk Fac          CARE B         57.8    ISSUER NOT
                                                                                COOPERATING
Krishna Wax Pvt Ltd                   LT Bk Fac          CARE BB        47.5    Revised from
                                                                                CARE BB-
ISSUER NOT COOPERATING
Lambda Content India P Ltd            Proposed Non       CARE BBB-      1250    Assigned
                                      Convertible
                                      Debentures II                                      
Laxminarayan Fiber Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Lbtex Pvt Ltd                         Long- Term BkFac # CARE BBB- (SO) 192.5   Assigned
# backed by first charge on the escrow of its entire receivables from Arvind Limited (Arvind;
rated CARE AA; Stable/CARE A1+)
Lucky Shikishan Sansthan              LT Bk Fac          CARE BBB-      117.4   Reaffirmed
M A R Fabricators India Pvt Ltd       LT Bk Fac          CARE BB-       65      Assigned
M.K. Engineers Group                  LT Bk Fac          -              -       Withdrawn
Mahabir Industries                    LT BkFac           CARE BB-       90      -
ISSUER NOT COOPERATING
Manju Shree Syntex Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Miraj Products Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Nagarjuna Steel                       LT Bk Fac          CARE B+        60      Assigned
Nahar Poly Films Ltd                  LT Bk Fac          CARE A-        723.6   Reaffirmed
Navin Cotton Fiber                    LT Bk Fac          CARE B+        90      -
ISSUER NOT COOPERATING
Nayaab Jewels                         LT Bk Fac          CARE D         175     -
ISSUER NOT COOPERATING
Nb Entrepreneurs                      LT Bk Fac          CARE BB        20      -
ISSUER NOT COOPERATING
Nigamananda Cold Storage Pvt Ltd      LT Bk Facility     CARE B+        107.5   Assigned
Ostro Dakshin Power Pvt Ltd           LT Bk Fac          CARE BBB-      5962.5  Assigned
P. G. Setty Construction Technology PvLT BkFac           CARE B         135.7   Revised from
Ltd                                                                             CARE BB-
ISSUER NOT COOPERATING
P.K. Engineers And Contractors        LT BkFac           CARE B+        40      -
ISSUER NOT COOPERATING
Pae Ltd                               LT Bk Fac          CARE D         150     -
ISSUER NOT COOPERATING
Pae Ltd                               Long/ST Bk Fac     CARE D         50      -
ISSUER NOT COOPERATING
Patel Integrated Logistics Ltd        Bk Fac – Fund      -              -       Withdrawn
                                      Based – TL
                                      (Proposed)
Patel Integrated Logistics Ltd        Bk Fac – Fund      -              -       Withdrawn
                                      Based – TL
Patidar Boards Pvt Ltd                LT Bk Fac          CARE BB        159.9   Revised from
                                                                                CARE BB-
Plazma Technologies Pvt Ltd           LT Bk Fac          CARE B+        26.3    Revised from
                                                                                CARE BB-
Power Build Pvt Ltd                   LT Bk Fac          CARE A-        278.8   Reaffirmed
(enhanced from Rs.25.20 Crores)
Power Build Pvt Ltd                   LT/ ST BkFac       CARE A-/A2+    20      Reaffirmed
Pradeep Cotton Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Pranaav Marathe Jewellers Pvt Ltd     LT Bk Fac          CARE D         322     ISSUER NOT
                                                                                COOPERATING
Pratiroop Mudran                      LT Bk Fac          CARE B+        72.9    -
ISSUER NOT COOPERATING
R. P. Steel Industries                LT BkFac           CARE B         70      Assigned
R.R Business Pvt Ltd                  LT Bk Fac          CARE BB-       100     -
ISSUER NOT COOPERATING
R.Venkata Reddy                       LT Bk Fac          CARE BB-       45      -
ISSUER NOT COOPERATING
Radhamadhab Cold Storage Pvt Ltd      LT Bk Facility     CARE B         70.7    Assigned
Radhamohan Builders Pvt Ltd           LT Bk Fac          CARE BB        59.1    Revised from
                                                                                CARE BB-
Rama Rice And General Mills           LT Bk Fac          CARE B+        118     -
ISSUER NOT COOPERATING
Ramdev Stainless Strips Pvt Ltd       LT Bk Fac          CARE B         113.9   Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
Ranjan Fabrics Pvt Ltd                LT Bk Fac          CARE BB        94.5    Revised from
                                                                                CARE BB-
S P Infra                             LT Bk Fac          CARE BB-       100     Assigned
Safe Parenterals Ltd                  LT Bk Fac          CARE B+        140     -
ISSUER NOT COOPERATING
Sajjala Woven Sacks Pvt Ltd           LT Bk Fac          CARE C         71.7    ISSUER NOT
                                                                                COOPERATING
Sant Autozone Pvt Ltd                 LT BkFac           CARE B+        103     -
ISSUER NOT COOPERATING
Sharma East India Hospital And MedicalLT Bk Fac          CARE BB-       141.3   Reaffirmed
Research Ltd
Shivamrut Dudh Utpadak Sahakari Sangh LT Bk Fac          CARE B         215     Assigned
Ltd
Shivmani Exports Pvt Ltd              LT Bk Fac          CARE BB        1       Reaffirmed
Shree Alloys Industries Pvt Ltd       LT Bk Fac          CARE BB-       90      Revised from
                                                                                CARE BB
Shri Ganga Bishan Cotton Mills        LT BkFac           CARE B         60      -
ISSUER NOT COOPERATING
Shri Prasanna Anjaneya Agro Tech      LT Bk Fac          CARE B+        70      -
ISSUER NOT COOPERATING
Shri Rasbihari Agro Processors Pvt LtdLT Bk Fac          CARE B+        88.4    -
ISSUER NOT COOPERATING
Shubh Aluminium Pvt Ltd               LT/ST BkFac        CARE B/A4      140     Reaffirmed
Shubh Grah Metals Pvt Ltd             LT/ST BkFac        CARE B/A4      66.2    Reaffirmed
Shyamaraju And Company India Pvt Ltd  LT Bk Fac          CARE BBB(SO)   2031.8  Reaffirmed
Siderforgerossi India Pvt Ltd         LT Bk Fac          CARE BBB-      170     Reaffirmed
Simero Vitrified Pvt Ltd              LT Bk Fac          CARE BBB-      755.5   Assigned
Simero Vitrified Pvt Ltd              LT/ ST BkFac       CARE BBB-/A3   62.5    Assigned
Smilax Laboratories Ltd               LT Bk Fac          CARE D         1280.8  Revised from
                                                                                CARE BBB-
ISSUER NOT COOPERATING
Smilax Laboratories Ltd               LT/ST Fac          CARE D         50      Revised from
                                                                                CARE
                                                                                BBB-/CARE A3
ISSUER NOT COOPERATING
Sologres Granito Pvt Ltd              LT BkFac           CARE BB+       267.8   Assigned
Sologres Granito Pvt Ltd              LT / ST Bk Fac     CARE BB+/A4+   32.5    Assigned
Sonotel Hotels And Resorts Pvt Ltd    LT Bk Fac          CARE BB-       45.4    -
ISSUER NOT COOPERATING
Special Lime Stones Pvt Ltd           LT Bk Fac          CARE BB-       55      Assigned
Specific Alloys Pvt Ltd               LT Bk Fac          CARE B+        75      -
ISSUER NOT COOPERATING
Specific Alloys Pvt Ltd               Long/ST Bk Fac     CARE B+ /A4    25      -
ISSUER NOT COOPERATING
Sree Renuka Poultry Farm              LT Bk Fac          CARE BB-       125     Assigned
Sri Srinivasa Charitable Trust        LT Bk Fac          CARE BB-       49.7    Reaffirmed
Sukhmani Holidays-Inn Pvt Ltd         LT Bk Fac          CARE D         133.1   -
ISSUER NOT COOPERATING
Sulson Overseas Pvt Ltd               LT BkFac           CARE B+        20      -
ISSUER NOT COOPERATING
Surindera Cycles Pvt Ltd              LT BkFac           CARE BB-       190     Assigned
Susheel Yarns Pvt Ltd                 LT / ST Bk Fac     CARE BB/A4     95      Revised from
                                                                                CARE
                                                                                BB-/Reaffirmed
Suyash Engineering Company            LT Bk Fac          CARE BB-       25      ISSUER NOT
                                                                                COOPERATING
Swaraj India Industries Ltd           LT Bk Fac          CARE BBB+      993.3   Assigned
Swaraj India Industries Ltd           LT/ST BkFac        CARE BBB+/A2   250     Assigned
Tathastu Spintex Pvt Ltd              LT Bk Fac          CARE BB-       410.1   Reaffirmed
(reduced from 42.00 Crores)
Terna Public Charitable Trust         LT Bk Fac          CARE BB        315.1   -
ISSUER NOT COOPERATING
The Lake Palace Hotels & Motels Pvt LtLT Bk Fac          CARE BB+       1539    Reaffirmed
Trimurty Spinning Mills Pvt Ltd       LT Bk Fac          CARE B         160.2   -
ISSUER NOT COOPERATING
Troix Chemicals Pvt Ltd               LT Bk Fac          CARE B-        85      Revised from
                                                                                CARE B
ISSUER NOT COOPERATING
Uni-Com India Pvt Ltd                 LT Bk Fac          CARE A-        800     Reaffirmed
(reduced from 84.00 Crores)
Vadinar Oil Terminal Ltd              LT Bk Fac          CARE AA-       35000   Assigned
Vadinar Power Co. Ltd                 LT Bk Fac          CARE AA-       15000   Assigned
Vatsala Electricals                   LT Bk Fac          CARE B+        50      -
ISSUER NOT COOPERATING
Vidyut Controls And Automation Pvt LtdLT Bk Fac          CARE BB+       60      -
ISSUER NOT COOPERATING
Viraat Textiles                       LT Bk Fac          CARE BB-       59.4    Assigned
Virendra & Company                    LT BkFac           CARE BBB-      40      Reaffirmed
Vkl Seasoning Pvt. Ltd.               LT Bk Fac (TL)     CARE BBB       318.9   Reaffirmed
Vkl Seasoning Pvt. Ltd.               LT Bk Fac (CC)     CARE BBB       340     Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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