March 23, 2018 / 6:12 AM / a month ago

CARE ratings for Indian debt instruments-Mar 23

    Mar 23 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 22, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aavas Financiers Ltd                  Proposed CP (CP)   CARE A1+       1000    Reaffirmed
                                      issue
Ask Home Furnishing Pvt Ltd           ST Bk Fac          CARE D         10      Revised from
                                                                                CARE A4
ISSUER NOT COOPERATING
Atlas Textiles                        ST Bk Fac          CARE D         92.5    Revised from
                                                                                CARE A4
ISSUER NOT COOPERATING
Avenue Supermarts Ltd                 Proposed CP issue  CARE A1+       200     Reaffirmed
Baharampur Mini Rice Mill             ST Bk Fac          CARE A4        0.5     Assigned

Bajrang Agrotech (I) Pvt Ltd          ST Bk Facility     CARE A4        67.5    Assigned
C.P.Milk And Food Products Pvt Ltd    ST Bk Fac          CARE A3        37.1    Reaffirmed
Chamunda Electricals Pvt Ltd          ST Bk Fac          CARE A4        75      Reaffirmed
Cipriani Harrison Valves Pvt Ltd      ST Bk Fac          CARE A4        12.4    -
ISSUER NOT COOPERATING
Denis Chem Lab Ltd                    ST Bk Fac          CARE D         50      Revised from
                                                                                CARE A4
Excell Autovista Pvt Ltd              ST Bk Fac          CARE A4+       40      Assigned
Freemans Measures Pvt Ltd             ST Bk Fac          CARE D         16.1    Revised from
                                                                                CARE A4
Gaurav Contracts Co                   ST BkFac           CARE A4        70      -
ISSUER NOT COOPERATING
Global Energy Pvt Ltd                 ST Bk Fac (FB)     CARE A4        300     Revised from
                                                                                CARE D
(reduced from 35.00 Crore)
Global Energy Pvt Ltd                 ST Bk Fac (Nonfund CARE A4        700     Revised from
                                      based)                                    CARE D
(reduced from 165.00 Crore)
Ind Barath Power Gencom Ltd           ST Bk Fac          CARE D         960     -
ISSUER NOT COOPERATING
Infrastructure Leasing & Financial    CP issue           CARE A1+       25000   Reaffirmed
Services Ltd
(enhanced from Rs.2,000 crore Crore)
Inmark Retail Pvt Ltd                 ST Bk              CARE A4 (SO)   20      Revised from
                                      Fac-Non-fundbased                         CARE A3+
Jay Overseas Pvt Ltd                  ST Bk Fac          CARE A4        96      Assigned
Kamakshi Flexiprints Pvt Ltd          ST Bk Fac          -              -       Withdrawn
K. G. Lakshmipathi And Company        ST Bk Fac          CARE A4        22.5    -
ISSUER NOT COOPERATING
Kn Resources Pvt Ltd                  ST Bk Fac          CARE A3+       190     Revised from
                                      (non-fund based)                          CARE A3
Lohiya Edible Oils Pvt Ltd            ST Bk Fac          CARE A3+       1050.3  -
ISSUER NOT COOPERATING
Lohiya Industries                     ST Bk Fac          CARE A3+       1800    -
ISSUER NOT COOPERATING
Mahendra Sponge & Power Ltd.          ST Bk Fac          CARE A3        400     Revised
                                                                                from CARE A3+
ISSUER NOT COOPERATING
Navin Housing And Properties Pvt Ltd  ST Bk Fac          CARE A3        50      Reaffirmed
Om Logistics Ltd                      ST Bk Fac          CARE A1+       60      Reaffirmed
Om Logistics Ltd                      ST Instrument (CP) CARE A1+       200     Reaffirmed
Oswal Knit India Ltd                  ST BkFac           CARE D         167     Revised from
                                                                                CARE A4
ISSUER NOT COOPERATING
Parasnath Techgarments Pvt Ltd        ST Bk Fac          CARE A4+       80      Assigned
Pravin Masalewale                     ST Bk Fac          CARE A2        70      Revised from
                                                                                CARE A3+
Pushp Industries                      ST Bk Fac          -              -       Withdrawn
Rajamahal International Pvt Ltd       ST Bk Fac          CARE A4        70      -
ISSUER NOT COOPERATING
Renew Wind Energy (Ap) Pvt Ltd        CP*                CARE A1+ (SO)  2000    Assigned
*Based on unconditional and irrevocable corporate guarantee to be provided by RPVPL and
structured payment mechanism
S S Modern Rice Mill                  ST Bk Fac          CARE A4        190.9   Assigned
Sanjay Trade Corporation              ST Bk Fac          CARE A4        300     -
ISSUER NOT COOPERATING
Sarda Energy And Minerals Ltd         ST Bk Fac          CARE A1        4420.8  Reaffirmed
(enhanced from 380.90 Crore)
Sarda Energy And Minerals Ltd         CP (Carved Out)    CARE A1        -       Reaffirmed
Scotts Garments Ltd                   ST Bk Fac- FB      CARE A4        4297.3  Revised from
                                                                                CARE A3+
(enhanced from 377.00 Crore)
Scotts Garments Ltd                   ST Bk FacNon-FB    CARE A4        403     Revised from
                                                                                CARE A3+
(reduced from 65.30 Crore)
Seabird Resorts Pvt Ltd               ST Bk Fac          CARE A1+ (SO)  3#      Reaffirmed
#-backed by unconditional & irrevocable corporate guarantee of Seabird Marine Services Private
Limited
Sekar Constructions                   ST Bk Fac          CARE A4        55      Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Sequel Logistics Pvt Ltd              ST Bk Fac          CARE A2        40      Reaffirmed
(reduced from Rs.19.50 crore Crore)
Shiv Shipping Services                ST Bk Fac          CARE A4+       4.2     -
ISSUER NOT COOPERATING
Shivangi Metal Industries Pvt Ltd     ST BkFac           CARE A4        215     -
ISSUER NOT COOPERATING
Shubham Tex-O-Pack Pvt Ltd            ST Bk Fac          CARE A4        10      -
ISSUER NOT COOPERATING
Silver Star Exports                   ST Bk Fac          CARE A2        180     Reaffirmed
Sjs Agro Industries Pvt Ltd           ST BkFac           CARE A4        5.2     Assigned
Sri Salasar Balaji Agro Tech Pvt Ltd  ST Bk Fac          CARE A4        150     -
ISSUER NOT COOPERATING
Srsg Broadcast India Pvt Ltd          ST Bk Fac          CARE A4        70      Assigned
Star Ship Breaking Corporation        ST Bk Fac          CARE A4        300     -
ISSUER NOT COOPERATING
Suganthi Educational Trust            ST BkFac           CARE A3        50      Assigned
Tirupati Balaji Fibers Ltd            ST Bk Fac          CARE A3        55      Reaffirmed
Veer Energy & Infrastructure Ltd      ST Bk Fac          CARE A3        130     Reaffirmed
Vishakha Solar Films Pvt Ltd          ST Bk Fac          CARE A4        5.8     Reaffirmed
Wadhawan Global Hotels And Resorts PvtST Bk Fac          CARE A3        25      Reaffirmed
Ltd.
Writers And Publishers Pvt. Ltd.      ST Bk Fac          CARE A3        750     Reaffirmed
(enhanced from 40.00 Crore)
Yantra Kaushalya Engineers Pvt Ltd    ST Bk Fac          CARE A4        41.2    -
ISSUER NOT COOPERATING

LONG TERM RATINGS:
-------------------
8K Miles Software Services Ltd        LT Bk Fac- TL      CARE A-        250     Assigned
8K Miles Software Services Ltd        LT Bk Facility     CARE A-        150     Assigned
                                      Proposed CC
                                      facility
8K Miles Software Services Ltd        Proposed NCD       CARE A-        500     Reaffirmed
8K Miles Software Services Ltd        LT/ST BkFac- Over  CARE A-/A2+    100     Reaffirmed
                                      Draft
Aavas Financiers Ltd                  LT Bk Fac          CARE A+        10120   Revised from
                                                                                CARE A+
Aavas Financiers Ltd                  LT – subordinated  CARE A+        1000    Revised from
                                      debt                                      CARE A+
Accord Udyog Pvt Ltd                  LT Bk Fac          CARE B+        80      Assigned
Al-Abeer Educational And Charitable   Proposed LT BkFac  CARE BB        1600    Reaffirmed
Trust
(enhanced from Rs.15 crore Crore)
Animesh Ispat Pvt Ltd.                LT Bk Fac          CARE BBB-      100     Revised
                                                                                from CARE BBB
ISSUER NOT COOPERATING
Ask Home Furnishing Pvt Ltd           LT Bk Fac          CARE D         175.3   Revised from
                                                                                CARE BB
ISSUER NOT COOPERATING
Astrica Laboratories Pvt Ltd          LT Bk Fac          CARE B+        79.5    -
ISSUER NOT COOPERATING
Aswini Apartments                     LT Bk Fac          CARE BBB-      50      Reaffirmed
Atlas Textiles                        LT Bk Fac          CARE D         16.8    Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
B. R. Designs Pvt Ltd                 LT Bk Fac          CARE BB        104     -
ISSUER NOT COOPERATING
B. R. Designs Pvt Ltd                 Long -term/ST BkFacCARE BB/A4     196     -
ISSUER NOT COOPERATING
Baharampur Mini Rice Mill             LT Bk Fac          CARE BB-       53      Assigned
Bahra Educational & Charitable SocietyLT Bk Fac          CARE B         250     Assigned
Bajrang Agrotech (I) Pvt Ltd          LT Bk Facility     CARE BB-       50      Assigned
Biological E. Ltd                     LT BkFac           CARE AA-       1780    -
ISSUER NOT COOPERATING
Biological E. Ltd                     LT/STBk Fac        CARE AA-/A1+   2720    -
ISSUER NOT COOPERATING
C.P.Milk And Food Products Pvt Ltd    LT Bk Fac          CARE BBB-      343.5   Revised from
                                                                                CARE BBB-
Chamunda Electricals Pvt Ltd          LT Bk Fac          CARE B+        10      Reaffirmed
Cherry Gold Marble Pvt Ltd            LT Bk Fac          CARE BB-       46.1    Reaffirmed
Cipriani Harrison Valves Pvt Ltd      LT Bk Fac          CARE BB        55.3    -
ISSUER NOT COOPERATING
Cipriani Harrison Valves Pvt Ltd      LT Bk Fac/ ST Bk   CARE BB/A4     30      -
                                      Fac
ISSUER NOT COOPERATING
Db Malls Pvt. Ltd.                    LT Bk Fac          CARE BBB       2158    Reaffirmed
Denis Chem Lab Ltd                    LT Bk Fac          CARE D         150.9   Revised from
                                                                                CARE BB+
(reduced from Rs.18.46 crore Crore)
Denis Chem Lab Ltd                    Long/Shortterm Bk  CARE D/D       154.5   Revised from
                                      Fac                                       CARE BB+ /
                                                                                CARE A4
Excell Autovista Pvt Ltd              LT Bk Fac          CARE BB+       175     Assigned
First Solar Power India Pvt Ltd       LT/STBk Fac^       CARE AA        480     Reaffirmed
                                                         (SO)/A1+ (SO)
(reduced from Rs.50 crore Crore)/^ Backed by unconditional and irrevocable corporate guarantee
to be provided by First Solar Inc, USA. 
First Solar Power India Pvt Ltd       LT/STBk Fac*       CARE AAA       500     Reaffirmed
                                                         (SO)/A1+ (SO)
* Backed by fixed deposit receipts (with the same lender) for 100% of the facility amount lien
marked in the favor of the lender as per the sanction terms
Freemans Measures Pvt Ltd             LT Bk Fac          CARE D         29.6    Revised from
                                                                                CARE B+
Freemans Measures Pvt Ltd             LT Bk Fac/ ST Bk   CARE D         85      Revised from
                                      Fac                                       CARE B+/CARE
                                                                                A4
Gaurav Contracts Co                   LT BkFac           CARE BB-       100     -
ISSUER NOT COOPERATING
Gemini Consolidated Projects Pvt Ltd  LT Bk Fac          CARE D         45.5    Reaffirmed
Global Institute Of Medical Science & LT BkFac           CARE B+        200     Assigned
Healthcare
Goel Roadways                         LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE BB-; Sta
ISSUER NOT COOPERATING
Gulf Oil Lubricants India Ltd         LT BkFac           CARE AA        500     Revised from
                                                                                CARE AA-
Hooghly Infrastructure Pvt Ltd        LT BkFac           CARE A-        169.1   Reaffirmed
Hooghly Infrastructure Pvt Ltd        Long /STBk Fac     CARE A-/A2+    440     Revised from
                                                                                CARE A-
                                                                                /CARE A2
Ind Barath Energy (Utkal) Ltd         LT Bk Fac          CARE D         28330   -
ISSUER NOT COOPERATING
Ind Barath Power Gencom Ltd           LT Bk Fac          CARE D         2283.8  -
ISSUER NOT COOPERATING
Indian Hospitex Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Inmark Retail Pvt Ltd                 LT BkFac- TL       CARE BB (SO)   139     Revised from
                                                                                CARE BBB
(reduced from 22.45 Crore)
Inmark Retail Pvt Ltd                 LT BkFac- FB       CARE BB (SO)   60      Revised from
                                                                                CARE A3+
Integra Micro Systems Pvt Ltd         LT BkFac           CARE BBB       117.5   Revised from
                                                                                CARE BBB-
(reduced from 12.00 Crore)
Integra Micro Systems Pvt Ltd         LT/Shortterm BkFac CARE BBB/A3    220     Revised from
                                                                                CARE BBB-
                                                                                / CARE A3
(enhanced from 16.00 Crore)
Ipca Laboratories Ltd                 LT/ST Bk Fac(Fund  CARE AA/A1+    11400   Reaffirmed
                                      Based/Non-fund
                                      Based)
J P And Company                       LT Bk Fac          CARE B         120     Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
Jagadishwar Cold Storage Pvt Ltd      LT Bk Facility     CARE B+        65      Assigned
Jay Overseas Pvt Ltd                  LT/Shortterm Bk    CARE BB-/A4    50      Assigned
                                      Fac
K. G. Lakshmipathi And Company        LT Bk Fac          CARE B+        60      -
ISSUER NOT COOPERATING
K.R.R. Poultry Farms                  LT Bk Fac          CARE B+        56      -
ISSUER NOT COOPERATING
Kalima Steel Rolling Mills            LT Bk Fac          -              -       Withdrawn
Kamakshi Flexiprints Pvt Ltd          LT/ST Bk Fac       -              -       Withdrawn
Kilburn Chemicals Ltd                 LT Bk Fac          CARE BBB-      1660    Reaffirmed
Kn Resources Pvt Ltd                  LT Bk Fac (TL)     -              -       Withdrawn
Kn Resources Pvt Ltd                  LT/ST Bk Fac (fund CARE BBB/A3+   1700    Revised from
                                      based/nonfund                             CARE BBB-/
                                      based)                                    CARE A3
Lbtex Pvt Ltd                         Long- Term BkFac # CARE BBB- (SO) 370     Reaffirmed
# backed by first charge on the escrow of its entire receivables from Arvind Limited (Arvind;
rated CARE AA; Stable/CARE A1+)/(Enhanced from Rs.19.25 crore
Lohiya Edible Oils Pvt Ltd            LT Bk Fac          CARE BBB       284.2   -
ISSUER NOT COOPERATING
Lohiya Industries                     LT Bk Fac          CARE BBB       220     -
ISSUER NOT COOPERATING
Lokmangal Mauli Industries Ltd        LT Bk Fac          CARE D         2108.5  Reaffirmed
Mahadev Building Systems Pvt Ltd      LT Bk Fac          CARE B+        77.2    -
ISSUER NOT COOPERATING
Mahakali Rice Mills Pvt Ltd           LT Bk Facility     CARE BB        92.5    Assigned
Mahendra Sponge & Power Ltd.          LT Bk Fac          CARE BBB-      593.5   Revised
                                                                                from CARE BBB
ISSUER NOT COOPERATING
Mahendra Sponge & Power Ltd.          Long/Shortterm Bk  CARE BBB-/A3   100     Revised
                                      Fac                                       from CARE
                                                                                BBB /CARE A3+
ISSUER NOT COOPERATING
Mahendra Strips Pvt Ltd.              LT Bk Fac          CARE BBB-      100     Revised
                                                                                from CARE BBB
ISSUER NOT COOPERATING
Manohar Infrastructure & ConstructionsLT Bk Fac          CARE BB+       900     Revised from
Pvt. Ltd.                                                                       CARE BBB-
ISSUER NOT COOPERATING
Navayuga Dibang Infra Projects Pvt LtdLT Bk Fac – TL     -              -       Withdrawn
Navayuga Dibang Infra Projects Pvt LtdLT Bk Fac – TL     CARE BBB-      2599    Assigned
(enhanced from 220 Crore)
Navayuga Dibang Infra Projects Pvt LtdLT Bk Fac –        CARE BBB-      1351    Revised from
                                      External                                  CARE BBB-
                                      Commercial Borrowings
(enhanced from Rs.135.00 Crore)
Navin Housing And Properties Pvt Ltd  LT Bk Fac          CARE BBB-      200     Reaffirmed
Nutech Global Ltd                     LT Bk Fac          CARE BB        80.7    Reaffirmed
Ojaswi Marbles & Granites Pvt Ltd     LT Bk Fac/ ST Bk   CARE BB-/A4    52      Assigned
                                      Fac
Om Logistics Ltd                      LT Bk Fac          CARE AA-       2037.1  Reaffirmed
(enhanced from 195.50 Crore)
Omax Minerals Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Ongc Petro-Additions Ltd              Proposed Long      CARE AAA(SO)*  4920    Assigned
                                      term Instrument
                                      issue (CCD-2)
*The rating is ‘Provisional’ and shall be confirmed upon the execution of documents (including
signed term sheet, debenture trust deed etc.) by ONGC Petro-additions Limited.
Ostro Madhya Wind Pvt Ltd             LT Bk Fac ST Bk    CARE BBB+      4925    Revised from
                                      Fac                                       CARE BBB
(reduced from 500 Crore) -
Oswal Knit India Ltd                  LT BkFac           CARE D         190     Revised from
                                                                                CARE C
ISSUER NOT COOPERATING
Paayas Milk Producer Co. Ltd          Issuer Rating      CARE AA-       -       Reaffirmed
Parasnath Techgarments Pvt Ltd        LT Bk Fac          CARE BB        8       Assigned
Parasnath Techgarments Pvt Ltd        LT Bk Fac/ ST Bk   CARE BB/A4+    12      Assigned
                                      Fac
Parvati Sweetners And Power Ltd       LT Bk Fac          CARE BB        150     Reaffirmed
Pravin Masalewale                     LT Bk Fac          CARE A-        1019.3  Revised from
                                                                                CARE BBB+
(reduced from 107.98 Crore)
Puru Mfi Northern Arc 2018-(OriginatorSeries A1 PTC #    ProvCARE       -       Assigned
Village Financial Services Ltd)                          A-(SO)
#The PTCs are rated on Ultimate Payment basis
Puru Mfi Northern Arc 2018-(OriginatorSeries A2 PTC #    ProvCARE BBB-  -       Assigned
Village Financial Services Ltd)                          (SO)
#The PTCs are rated on Ultimate Payment basis
Pushp Industries                      LT Bk Fac          -              -       Withdrawn
Rajamahal International Pvt Ltd       LT Bk Fac          CARE B         50      Revised from
                                                                                CARE B+;
ISSUER NOT COOPERATING
Renew Wind Energy (Jamb) Pvt Ltd      LT / ST BkFac      CARE A+        1500    Assigned
                                                         (SO)/A1+ (SO)
S S Modern Rice Mill                  LT Bk Fac          CARE B+        21.1    Assigned
S S Modern Rice Mill                  Long/ST Bk Fac     CARE B+/A4     8       Assigned
Sambhav Exim                          LT Bk Fac          CARE D         89.7    Reaffirmed
(reduced from 10 Crore)
Sambhav Exim                          LT/ST Bk Fac       CARE D/D       60      Reaffirmed
Sanjay Trade Corporation              LT Bk Fac          CARE B         50      -
ISSUER NOT COOPERATING
Sarda Energy And Minerals Ltd         Non- Convertible   -              -       Withdrawn
                                      Debentures
*Entire o/s against Non-Convertible Debentures has been repaid.
Sarda Energy And Minerals Ltd         LT Bk Fac          CARE A         3189.2  Reaffirmed
(reduced from 367.01 Crore)
Scotts Garments Ltd                   LT Bk Fac- TL      CARE BB        414.9   Revised from
                                                                                CARE BBB
(reduced from 69.22 Crore)
Seabird Marine Services Pvt Ltd       LT Bk Fac          CARE A+        425     Reaffirmed
(Seabird)
Seabird Marine Services Pvt Ltd       Long/ST Bk Fac     CARE A+ /A1+   400     Reaffirmed
(Seabird)
Seabird Resorts Pvt Ltd               LT Bk Fac          CARE A+ (SO)   -       Reaffirmed
#-backed by unconditional & irrevocable corporate guarantee of Seabird Marine Services Private
Limited
Seabird Resorts Pvt Ltd.              LT Bk Fac          CARE A-        220     Reaffirmed
Sekar Constructions                   LT Bk Fac          CARE BB-       67.8    Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Sequel Logistics Pvt Ltd              LT Bk Fac          CARE BBB+      139.9   Revised from
                                                                                CARE BBB+
(enhanced from Rs.6.74 crore Crore)
Sequel Logistics Pvt Ltd              LT/ ST BkFac       CARE BBB+/CARE 92.5    Revised
                                                         A2                     from CARE
                                                                                BBB+/
                                                                                CARE A2
(reduced from Rs.17.15 crore Crore)
Shiv Shipping Services                LT/ST Bk Fac       CARE BB+/A4+   150     -
ISSUER NOT COOPERATING
Shivangi Metal Industries Pvt Ltd     LT BkFac           CARE B+        150     Revised
                                                                                fromCARE BB-
ISSUER NOT COOPERATING
Shreenathji Rasayan Pvt Ltd           LT BkFac           CARE BB+       102.7   Assigned
Shreenathji Rasayan Pvt Ltd           LT/Shortterm Bk FacCARE BB+/A4+   150     Assigned
Shrirang Kisanlal Sarda               LT BkFac           CARE BBB-      82      Reaffirmed
Shubh Mangal Textile Industries Llp   LT Bk Fac (TL)     -              -       Withdrawn
Shubh Mangal Textile Industries Llp   LT Bk Fac (CC)     CARE BB-       100     Revised from
                                                                                CARE B+
Shubham Tex-O-Pack Pvt Ltd            LT Bk Fac          CARE BB-       82.6    -
ISSUER NOT COOPERATING
Sjs Agro Industries Pvt Ltd           LT BkFac           CARE B+        140.9   Assigned
Sml Films Ltd                         LTBk Fac           CARE BBB+      2106.5  Revised from
                                                                                CARE BBB
(reduced from Rs.279.52 crore Crore)
Sml Films Ltd                         LT/STBk Fac        CARE BBB+/A2   50      Revised
                                                                                from CARE
                                                                                BBB/ CARE A3+
Sri Salasar Balaji Agro Tech Pvt Ltd  LT Bk Fac          CARE BB        150     -
ISSUER NOT COOPERATING
Srsg Broadcast India Pvt Ltd          LT Bk Fac          CARE BB        127.5   Assigned
Star Ship Breaking Corporation        LT Bk Fac          CARE B         50      -
ISSUER NOT COOPERATING
Subhlene Fabrics                      LT Bk Fac          CARE B+        100     Reaffirmed
Suganthi Educational Trust            LT BkFac           CARE BBB-      630     Reaffirmed
Super Ispat (Raipur) Pvt Ltd.         LT BkFac           CARE BBB-      60      Revised from
                                                                                CARE BBB
ISSUER NOT COOPERATING
Supra Craft Packaging Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Talwalkar’S Better Value Fitness Ltd  LT NCD             -              -       Withdrawn
Talwalkar’S Better Value Fitness Ltd  Proposed LT        CARE AA        250     Assigned
                                      NonConvertible
                                      Debenture
Tirupati Balaji Fibers Ltd            LT Bk Fac          CARE BBB-      386.2   Reaffirmed
(enhanced from 30.44 Crore)
Veer Energy & Infrastructure Ltd      LT Bk Fac (TL)     -              -       Withdrawn
Veer Energy & Infrastructure Ltd      LT Bk Fac (CC)     CARE BBB-      30      Reaffirmed
Vishakha Solar Films Pvt Ltd          LT Bk Fac          CARE BB        49.5    Reaffirmed
(Reduced from Rs.8.25 crore Crore)
Vishakha Solar Films Pvt Ltd          LT/ ST Bk Fac      CARE BB/A4     350     Reaffirmed
Vishwa (Dwarka - Okha) Road Links Pvt LT Bk Fac          CARE BB+       800     -
Ltd
ISSUER NOT COOPERATING
Vivriti Debuchy 002 2018 [Originator: Series A PTC #     Prov CAREA (SO)-       Assigned
Ikf Finance Ltd ]
#Series A PTCs are rated on Ultimate Payment basis
Wadhawan Global Hotels And Resorts PvtLT Bk Fac          CARE BBB       620     Reaffirmed
Ltd.
Yadvendra Foods Pvt Ltd               LT Bk Fac          CARE BB-       120     Assigned
Yantra Kaushalya Engineers Pvt Ltd    LT Bk Fac          CARE BB-       6.9     -
ISSUER NOT COOPERATING
Yantra Kaushalya Engineers Pvt Ltd    LT Bk Fac/ ST Bk   CARE BB-/A4    10      -
                                      Fac
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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