March 27, 2018 / 10:01 AM / 4 months ago

CARE ratings for Indian debt instruments-Mar 27

   Mar 27 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 26, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Accurex Biomedical Pvt Ltd            ST Bk Fac          CARE A4        20.5    Revised from
                                                                                CARE A4+
ISSUER NOT COOPERATING
Adarsh Noble Corporation Ltd          ST Bk Fac          CARE A4+       37.5    Reaffirmed

Adg Agrotech Pvt. Ltd.                ST Bk Facility     CARE A4        1.1     Assigned
Aditya Industries                     ST Bk Fac          CARE A4        27      Revised from
                                                                                CARE A4+
Alang Auto & General Engineering      ST BkFac           CARE A3        830     “Issuer not
Company Pvt Ltd                                                                 cooperating
ISSUER NOT COOPERATING
Ksk Energy Ventures Ltd               ST Bk Fac          CARE D         2300    -
ISSUER NOT COOPERATING
Amarnath Aggarwal Investments Pvt Ltd ST Bk Fac          CARE A4        90      Reaffirmed
Ambica Alloys                         ST Bk Fac          CARE A4        310     Reaffirmed
Amp Solar India Pvt Ltd               ST Bk Fac          CARE A3        100     Assigned
Andhra Pradesh Heavy Machinery And    Short term Bk Fac  CARE A1        10      -
Engineering Ltd
ISSUER NOT COOPERATING
Appachi Eco Logic Cotton Pvt Ltd      ST Bk Fac          CARE A4        25      -
ISSUER NOT COOPERATING
Associated Polytech Industries Pvt LtdST Bk Fac          CARE A4        13.5    Reaffirmed
Birla Furukawa Fibre Optics Pvt Ltd   ST Bk limits       CARE A1+       732.9   Revised from
                                                                                CARE A1
Srasthi Buildcon Pvt Ltd              ST Bk Fac          -              -       Withdrawn
Borah Automobiles Pvt Ltd             ST BkFac           CARE A4        1       Reaffirmed
Cadila Pharmaceuticals Ltd            ST Bk Fac          CARE A1        600     Reaffirmed
(enhanced from 50.00 Crore)
Compagnie Indo Francaise De Commerce  ST Bk Fac          CARE A3        1407.5  Assigned
Pvt Ltd
Datamini Technologies (India) Ltd     ST Bk Fac          CARE A4+       30      Reaffirmed
Denis Chem Lab Ltd                    STBk Fac           CARE A4        50      Revised from
                                                                                CARE D
Divya Simandhar Construction Pvt Ltd  ST Bk Fac          CARE A3        50      -
ISSUER NOT COOPERATING
Dynamic Refractories                  ST Bk Fac          CARE A4        5       “Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Ernst & Young Llp                     ST Bk Fac          CARE A1+       4400    Reaffirmed
(enhanced from 175 Crore)
Ernst & Young Services Pvt Ltd        ST Bk Fac          CARE A1+       500     Reaffirmed
Floressence Perfumes Pvt Ltd          ST Bk Fac          CARE A4        5       -
                                      (Non-Fund Based)
G.K. Sales Corporation                ST BkFac           CARE A4        10      Reaffirmed
Gautam Freight Pvt Ltd                ST Bk Fac          CARE A3+       950     Reaffirmed
Global Energyfoods Industries Pvt Ltd ST Bk Fac          CARE A4        5       Reaffirmed
Golden Jubilee Hotel Ltd.             LT/ST Bk Fac       CARE A4        500     -
ISSUER NOT COOPERATING
Nuziveedu Swathi Coastal Consortium   ST Bk Fac          CARE D         50      -
ISSUER NOT COOPERATING
Harman Plastic Industries             ST Bk Fac          CARE A3+       1.2     Reaffirmed
Hmda Ancon Kcp Logistics Park Pvt Ltd ST Bk Facility     CARE A4        20      Assigned
Indian Infrabuilt Pvt Ltd             ST Bk Fac          CARE A4+       60      Assigned
Indraprastha Logistics Ltd            ST Bk Fac          CARE A4        50      Reaffirmed
Involute Technologies Pvt Ltd         ST Non FB Fac      CARE A2+       10      Reaffirmed
Jai Karni Suitings Pvt Ltd            ST Bk Fac          CARE A4        4       Reaffirmed
Jain Shawls                           ST Bk Fac          CARE A4        50      -
ISSUER NOT COOPERATING
Jindal Dyechem Industries Pvt Ltd     Short term BkFac   CARE A3+       410     -
ISSUER NOT COOPERATING
Jindal Dyechem Industries Pvt Ltd     Short term BkFac   CARE A3+       410     -
ISSUER NOT COOPERATING
Jindal Fibres Pvt Ltd                 ST Bk Fac          CARE A4        20      Reaffirmed
                                                                                and removed
                                                                                from 
                                                                                Issuer not
                                                                                cooperating
(reduced from Rs. 4 cr. Crore)
K.P.H Dream Cricket Pvt Ltd           ST Bk Fac          CARE A3+       -       Reaffirmed
K.Ramachandra Rao Transmission And    ST Bk Fac          CARE A2        1930    Revised from
Projects Pvt Ltd                                                                CARE A3+
(reduced from 199 Crore)
Condor Footwear India Ltd             ST Bk Fac – Non    -              -       Withdrawn
                                      Fund Based (LOC)
Karshanbhai Gangaram Parmar           ST Bk Fac          CARE A4        150     -
ISSUER NOT COOPERATING
Katti-Ma Exports Pvt Ltd              ST Bk Fac          CARE A4+       75      -
ISSUER NOT COOPERATING
King Refineries Pvt Ltd               ST BkFac           CARE A4        40      Reaffirmed
ISSUER NOT COOPERATING
Kumar Arch Tech Pvt Ltd               ST Bk Fac          CARE A4        120     “Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Lakecity Infrastructure Pvt Ltd       ST Bk Fac          CARE A4        6       -
ISSUER NOT COOPERATING
Mahalakshmi Infraprojects Ltd         ST Bk Fac          CARE A3        1000    Assigned
Mahalakshmi Infraprojects Ltd         ST Bk Fac          CARE A3        1000    Assigned
Manav Rachna International Institute  ST Bk Fac          CARE A4        150     Reaffirmed
Research And Studies
Sai Lilagar Power Generation Ltd      ST Bk Fac          CARE D         150     -
ISSUER NOT COOPERATING
Sai Wardha Power Generation Ltd       ST Bk Fac          CARE D         1050    -
ISSUER NOT COOPERATING
Manish And Associates                 ST Bk Fac          CARE A4        74.8    Assigned
Marsons Energy Pvt Ltd                ST Bk Fac          CARE A4+       250     Reaffirmed
Mauria Udyog Ltd                      ST Bk Fac          CARE A4+       2400    -
ISSUER NOT COOPERATING
Methodex Systems Pvt Ltd              ST Bk Fac          CARE A2+       400     Reaffirmed
(enhanced from 25 cr Crore)
Methodex Systems Pvt Ltd              ST Bk Fac          CARE A2+       400     Reaffirmed
(enhanced from 25 cr Crore)
Micro Industrial Corporation          Short term BkFac   CARE A3        200     -
ISSUER NOT COOPERATING
Modern Papers                         ST Bk Fac          CARE A1 (SO)   50      Reaffirmed
Murlidhar Ratanlal Exports Ltd        ST Bk Fac          CARE A4+       575     Re-affirmed
(enhanced from Rs.49.35 crore Crore)
N R Switch N Radio Services Pvt Ltd   ST BkFac           CARE A4        10      Reaffirmed
Neptune Industries Ltd                ST Bk Fac          CARE A4        51.8    Reaffirmed
Nimbus Pipes Ltd                      ST Bk Fac          CARE A4        65      -
ISSUER NOT COOPERATING
Nimbus Pipes Ltd                      ST Bk Fac          CARE A4        65      -
ISSUER NOT COOPERATING
Ntpc Ltd                              CP programme       CARE A1+       80000   Reaffirmed
(enhanced from 4,000 Crore)
Paresh S. Patel                       ST BkFac           CARE A4        90      Reaffirmed
Polyplex Corporation Ltd              ST Bk Fac          CARE A1+       420     Revised from
                                                                                CARE A1
(reduced from 60 Crore)
Prince Spinners Pvt Ltd               ST Bk Fac          CARE A4+       24.5    Revised from
                                                                                CARE A4
Purple Creations Pvt Ltd              ST Bk Fac          CARE A4        2.5     Assigned
R T Rice Industries                   ST Bk Fac          CARE A4        50      -
ISSUER NOT COOPERATING
R.Velumani                            ST BkFac           CARE A4        30      Reaffirmed
ISSUER NOT COOPERATING
Rajaramsevak Multipurpose Cold StorageST Bk Fac          CARE A4        2       -
Pvt Ltd
ISSUER NOT COOPERATING
Reise Enterprises                     ST Bk Fac          CARE A4+       121.6   Assigned
Emco Ltd                              ST fund based Bk   CARE D         12124.6 -
                                      limits
ISSUER NOT COOPERATING
Royal Castor Products Ltd             ST BkFac           CARE A2        30      -
ISSUER NOT COOPERATING
Royalcare Super Speciality Hospital Ltd ST Bk Fac        CARE A4        43.5    Reaffirmed
Rutu Enterprises                      ST Bk Fac          CARE A4+       220     Assigned
S. K. Bikes Pvt Ltd                   ST BkFac           CARE A4        200     -
ISSUER NOT COOPERATING
Satkar Travels Pvt Ltd                ST Bk Fac          CARE A4        20      -
ISSUER NOT COOPERATING
Shree Gopinath Paper Mills Pvt Ltd    ST Bk Fac          CARE A4        12.5    Assigned
Shree Sales Corporation               ST Bk Fac          CARE A4        12.5    Reaffirmed
Shri Balaji Oil Mills                 ST Bk Fac          CARE A4        30      -
ISSUER NOT COOPERATING
Si Air Springs Pvt Ltd (Erstwhile     ST Bk Fac          CARE A2        12      Revised from
Firestone Tvs Pvt Ltd)                                                          CARE A3+
(enhanced from 1.00 Crore)
Sindia Steels Ltd                     ST BkFac           CARE A4+       95      Reaffirmed
Snj Synthetics Ltd                    ST Bk Fac          CARE A4        125.5   Reaffirmed
(Enhanced from Rs.7.30 crore Crore)
Parishudh Machines Pvt Ltd            ST Bk Fac          CARE D         20      -
ISSUER NOT COOPERATING
Standard Fireworks Pvt Ltd            ST Bk Fac          CARE A2        1150    Revised from
                                                                                CARE A2+
(reduced from 145 Crore)
Standard Fireworks Pvt Ltd            ST Bk Fac          CARE A2        1150    Revised from
                                                                                CARE A2+
(reduced from 145 Crore)
Holdwell Components Pvt Ltd           ST Bk Fac          -              -       Withdrawn
Supreme Electricals Pvt Ltd           ST Bk Fac          CARE A4        56      Reaffirmed
Swastik Enterprises                   ST Bk Fac          CARE A4        50      -
ISSUER NOT COOPERATING
Symega Food Ingredients Ltd (ErstwhileST Bk Fac          CARE A2        15      Assigned
Symega Savoury Technology Ltd)        (Federal Bk)
Tesla Transformers Ltd                ST Bk Fac          CARE A2        100     # 
The Belgachi Tea Co. Ltd              ST Bk Fac          CARE A4        5.8     -
ISSUER NOT COOPERATING
Troikaa Pharmaceuticals Ltd           ST Bk Fac          CARE A3+       97      Reaffirmed
Umedica Laboratories Pvt Ltd          ST Bk Fac          CARE A3        75      Reaffirmed
Velbon Vitrified Llp                  ST Bk Fac          CARE A4        21      Reaffirmed
Vibhor Vaibhav Infra Pvt Ltd          ST Bk Fac          CARE A4        325     Assigned
Vindyavasani Tarders                  ST Bk Fac          CARE A4        35.5    Assigned
Walzen Strips Pvt. Ltd.               ST Bk Fac          CARE A4+       52.5    Reaffirmed
Zen Technologies Ltd                  ST Bk Fac          CARE A3+       100     Reaffirmed
Zenith Fibress                        ST Bk Fac          CARE A4        110     Reaffirmed
A.K. Soni Hosiery Mills Pvt Ltd       ST Bk Fac          CARE D         5       -
ISSUER NOT COOPERATING

LONG TERM RATINGS:
-------------------
A.K. Soni Hosiery Mills Pvt Ltd       LT Bk Fac          CARE D         179.6   -
ISSUER NOT COOPERATING
Accurex Biomedical Pvt Ltd            LT Bk Fac          CARE BB-       40      Revised from
                                                                                CARE BB+
ISSUER NOT COOPERATING
Adarsh Noble Corporation Ltd          LT Bk Fac          CARE BB+       212.5   Reaffirmed
Adg Agrotech Pvt. Ltd.                LT Bk Facility     CARE BB-       62.3    Assigned
Aditya Industries                     LT Bk Fac          CARE BB-       102.8   Revised from
                                                                                CARE BB
Ag8 Ventures Ltd                      LT Bk Fac          CARE D         1504    -
ISSUER NOT COOPERATING
Agribiotech Industries Ltd.           LT Bk Fac          CARE BBB-      90      Reaffirmed
Ahir Salt And Allied Products Pvt Ltd LT Bk Fac          CARE BB+       1275.5  Revised from
                                                                                CARE BB
(Enhanced from Rs.28.89 crore Crore)
Alang Auto & General Engineering      LT BkFac           CARE BBB-      120     “Issuer not
Company Pvt Ltd                                                                 cooperating
ISSUER NOT COOPERATING
All Kind Healthcare Unit - Iii        LT Bk Fac          CARE BB-       458.9   Revised from
                                                                                CARE B+
Ambica Alloys                         LT Bk Fac          CARE BB        1000    Reaffirmed
Amp Solar India Pvt Ltd               LT Bk Fac          CARE BBB-      50      Reaffirmed
Amri Hospitals Ltd                    LT Bk Facility     CARE A- (SO)   2062.5  Reaffirmed
                                                         /@
(Reduced from 214.00 Crore). @credit enhancement in the form of shortfall 
undertaking from Raviraj Viniyog Pvt Ltd (RVPL) and Prabhakar Viniyog Pvt
Ltd (PVPL) for replenishment of Debt Service Reserve Account (DSRA) during
the full tenure of the facilities/instrument 
Amri Hospitals Ltd                    NCD issue          CARE A- (SO)   1405.3  Reaffirmed
                                                         /@
(reduced from 146.00 Crore) . 
@credit enhancement in the form of shortfall undertaking from Raviraj
 Viniyog Pvt Ltd (RVPL) and Prabhakar Viniyog Pvt Ltd (PVPL) for
 replenishment of Debt Service Reserve Account (DSRA) during the full 
 tenure of the facilities/instrument 
Andhra Pradesh Heavy Machinery And    Long term Bk Fac   CARE A         180     -
Engineering Ltd
ISSUER NOT COOPERATING
Anjani Polytec Pvt Ltd                LT Bk Fac          CARE B+        100     Revised from
                                                                                CARE B
Apeetex Fabrics Pvt Ltd               LT Bk Fac          CARE BB-       62.1    Assigned
Appachi Eco Logic Cotton Pvt Ltd      LT Bk Fac          CARE B         65      -
ISSUER NOT COOPERATING
Arg Infra Developers Pvt Ltd          LT Bk Fac          CARE BB        180     Assigned
Arohan Financial Services Pvt Ltd     LT Bk Facility     CARE A-        18080.1 Reaffirmed
                                      (TL)
(enhanced from 1249.76 Crore)
Arohan Financial Services Pvt Ltd     LT Bk Facility     CARE A-        1050    Reaffirmed
                                      (Fund Based)
Arohan Financial Services Pvt Ltd     NCD- Subordinated  CARE A-        100     Revised from
                                      debt issue (Series                        CARE BBB+
                                      VI)
Arohan Financial Services Pvt Ltd     Proposed Unsecured CARE A-        1000    Assigned
                                      Subordinated Tier
                                      II NCD
Arora Construction Co. Pvt Ltd        LT Bk Fac          CARE BB+       50      Assigned
Arora Construction Co. Pvt Ltd        LT / ST BkFac      CARE BB+ /CARE 150     Assigned
                                                         A4+
Arr Srinivasan & Company              LT Bk Fac          -              -       Withdrawn
Arr Srinivasan Rajeswari Charitable   LT Bk Fac          -              -       Withdrawn
Trust
Asrec (India) Ltd                     LT Bk Fac          -              -       Withdrawn
Associated Polytech Industries Pvt LtdLT Bk Fac          CARE BB-       45      Revised from
                                                                                CARE BB
B S R Builders Engineers & ContractorsLT Bk Fac          CARE BB-       263     Assigned
B.P. Frozen Foods                     LT BkFac           CARE B+        125     Assigned
Bagaria Education Trust               LT Bk Fac          CARE BB        151.8   Revised from
                                                                                CARE BB+
Balkrishna Agro Products              LT Bk Fac          CARE B+        21      Reaffirmed
(reduced from 2.68 Crore)
Balkrishna Agro Products              LT/ST BkFac        CARE B+/A4     60      Reaffirmed
Basundhara Green Power Ltd            LT Bk Fac          CARE B+        102     -
ISSUER NOT COOPERATING
Bhagirath Dairy Pvt Ltd               LT Bk Fac          CARE BB-       126     Assigned
Bharat Sanchar Nigam Ltd              LT Bk Fac          CARE AAA (SO)  80000   Reaffirmed
Bhilangana Hydro Power Ltd            NCDs-II (NCD-II)   -              -       Withdrawn
Bhilangana Hydro Power Ltd            NCDs (NCD)         CARE A         -       Assigned
Bhilangana Hydro Power Ltd            NCDs-I (NCD-I)                    -       Withdrawn
Birla Furukawa Fibre Optics Pvt Ltd   LT Bk limits       CARE A+        1262.3  Revised from
                                                                                CARE A
(enhanced from 88.30 Crore)
Borah Agencies Pvt Ltd                LT BkFac           CARE B+        100     -
ISSUER NOT COOPERATING
Borah Automobiles Pvt Ltd             LT BkFac           CARE B+        130     Reaffirmed
(enhanced from 12.00 Crore)
Bravo Agencies Pvt Ltd                LT Bk Fac          CARE D         75      -
ISSUER NOT COOPERATING
Brightsolar Renewable Energy Pvt Ltd  LT Bk Fac- TL      CARE A-        588.5   Revised from
                                                                                CARE BBB
(reduced from Rs.64.50 crore Crore)
Brightsolar Renewable Energy Pvt Ltd  LT Bk Fac- BG      CARE A-        30      Revised from
                                                                                CARE BBB
C L Gupta Overseas Llp                LT Bk Fac          CARE BBB       300     Assigned
Cadila Pharmaceuticals Ltd            LT Bk Fac          CARE A         5826    Reaffirmed
(enhanced from 372.60 Crore)
Cadila Pharmaceuticals Ltd            LT/ ST BkFac       CARE A/A1      4201.3  Reaffirmed
(enhanced from 400.13 Crore)
Care Utility Products Pvt Ltd         LT Bk Fac          CARE B         81.3    -
ISSUER NOT COOPERATING
Cholamandalam Investment And Finance  Subordinated       CARE AA+       3000    Assigned
Co. Ltd                               (Proposed) Debt
                                      issue
Choudhary Layer Farm                  LT BkFac           CARE B         62.3    -
ISSUER NOT COOPERATING
Coastal Farms                         Long termBkFac     CARE BB+       525     -
ISSUER NOT COOPERATING
Compagnie Indo Francaise De Commerce  LT Bk Fac          CARE BBB-      100     Assigned
Pvt Ltd
Condor Footwear India Ltd             LT Bk Fac - Fund   -              -       Withdrawn
                                      Based (CC)
Crescent Epc Projects And Technical   LT Bk Fac          CARE BB        200     Reaffirmed
Services Ltd (Erstwhile Gvk Projects
And Technical Services ...
(reduced from 35.00 Crore)
Crescent Epc Projects And Technical   Long/Short term    CARE BB / CAE  800     Reaffirmed
Services Ltd (Erstwhile Gvk Projects  BkFac              A4
And Technical Services ...
(reduced from 330.00 Crore)
Datamini Technologies (India) Ltd     LT Bk Fac          CARE BB+       35      Reaffirmed
Denis Chem Lab Ltd                    LTBk Fac           CARE BB        150.9   Revised from
                                                                                CARE D
(reduced from Rs.18.46 crore Crore)
Denis Chem Lab Ltd                    Long/Shortterm     CARE BB/A4     154.5   Revised from
                                      BkFac                                     CARE D/ CARE D
Divya Simandhar Construction Pvt Ltd  LT Bk Fac          CARE BBB-      150     -
ISSUER NOT COOPERATING
Divya Simandhar Construction Pvt Ltd  LT/ Shortterm Bk   CARE BBB-/A3   347.4   -
                                      Fac
ISSUER NOT COOPERATING
Dynamic Refractories                  LT Bk Fac          CARE BB-       80      Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Eco Homes Townships Llp               LT Bk Fac          CARE BB+       307.5   Reaffirmed
Emco Ltd                              LT fund based Bk   CARE D         4981.4  -
                                      limits
ISSUER NOT COOPERATING
Ernst & Young Llp                     LT Bk Fac          CARE AA+       875     Reaffirmed
Fabrico India Pvt Ltd                 LT Bk Fac          CARE B         395     Revised from
                                                                                CARE BB;
ISSUER NOT COOPERATING
Floressence Perfumes Pvt Ltd          LT Bk Fac (Fund    CARE B+        190     -
                                      Based)
ISSUER NOT COOPERATING
Food Corporation Of India             Bond issue         CARE AAA (SO)  80000   Reaffirmed
G.D. Metsteel Pvt Ltd                 LT Bk Fac          CARE BB-       200     Assigned
G.K. Sales Corporation                LT BkFac           CARE B+        50      Reaffirmed
Gautam Freight Pvt Ltd                LT Bk Fac          CARE BBB+      230     Revised from
                                                                                CARE BBB
Global Energyfoods Industries Pvt Ltd LT Bk Fac          CARE BB-       305     Reaffirmed
Golden Jubilee Hotel Ltd.             LT BkFac           CARE D         4950    -
ISSUER NOT COOPERATING
Gopi Texfab Pvt Ltd                   LT/ST Bk Fac       -              -       Withdrawn
Goraya Industries                     LT Bk Fac          CARE B+        105     -
ISSUER NOT COOPERATING
Harman Plastic Industries             LT Bk Fac          CARE BBB       59.5    Reaffirmed
Harmony Ply-Lam Ltd                   LT Bk Fac          CARE B+        143     Reaffirmed
(reduced from 14.75 Crore)
Hinduja Leyland Finance Ltd           Subordinated Debt  CARE AA-       2000    Assigned
                                      issue(Proposed)
Hmda Ancon Kcp Logistics Park Pvt Ltd LT Bk Facility     CARE B+        130     Assigned
Holdwell Components Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Housing Development Finance CorporatioLT Fixed Income    -              -       Withdrawn
Plc. (Hdfc Plc.)                      Bonds Issue
Humble Hospitality Punjab Pvt Ltd     LT Bk Fac          CARE D         68.5    -
ISSUER NOT COOPERATING
Icici Securities Primary Dealership Ltd Tier II Bonds    CARE AAA       3250    Reaffirmed
Ind Barath Thermotek Pvt Ltd          Non – Convertible  CARE D         6990    -
                                      Debenture issue –
                                      Series I
ISSUER NOT COOPERATING
Ind Barath Thermotek Pvt Ltd          Non – Convertible  CARE D         800     -
                                      Debenture issue –
                                      Series II
ISSUER NOT COOPERATING
Indian Hydrocolloids                  Longterm/STBk Fac  CARE B+/A4     200     -
ISSUER NOT COOPERATING
Indian Infrabuilt Pvt Ltd             LT Bk Fac          CARE BB        85      Assigned
Indian Infrabuilt Pvt Ltd             LT Bk Fac/ST Bk FacCARE BB/A4+    5       Assigned
Indraprastha Logistics Ltd            LT Bk Fac          CARE BB-       235.1   Reaffirmed
(Reduced from 33.66 Crore)
Involute Technologies Pvt Ltd         LT Bk Fac          CARE A         455     Reaffirmed
(reduced from 50.64 Crore)
Involute Technologies Pvt Ltd         LT/ ST FB Fac      CARE A/A2+     400     Reaffirmed
(increased from 35.00 Crore)
J.K. Ceramics Pvt Ltd                 LT Bk Fac          CARE BB-       150     Reaffirmed
J.S.K. Hotels Pvt Ltd                 LT Bk Fac          CARE BBB-      36.5    Reaffirmed
Jagat Vijay Printers                  LT Bk Fac (TL)     CARE BBB       171.9   Reaffirmed
Jai Karni Suitings Pvt Ltd            LT Bk Fac          CARE BB-       130.8   Revised from
                                                                                CARE B+
Jain Shawls                           LT Bk Fac          CARE B         52.5    -
ISSUER NOT COOPERATING
Jamu Automobiles Pvt Ltd              LT Bk Fac          CARE BB+       160     Revised from
                                                                                CARE BB
Jasamrat Cotgin Pvt Ltd               LT Fac             -              -       Withdrawn
Jindal Dyechem Industries Pvt Ltd     LT Bk Fac          CARE BBB       90      -
ISSUER NOT COOPERATING
Jindal Dyechem Industries Pvt Ltd     LT Bk Fac          CARE BBB       90      -
ISSUER NOT COOPERATING
Jindal Fibres Pvt Ltd                 LT Bk Fac          CARE BB        170     Reaffirmed
                                                                                and removed
                                                                                from 
                                                                                Issuer not
                                                                                cooperating
(reduced from Rs. 19.71 cr. Crore)
Jugal Kishore Vanaspati Products Pvt Ltd LT Bk Fac       CARE B+/       90      Reaffirmed
Jupiter Lifeline Hospitals Ltd        LT Bk Fac (TL)     CARE A-        2843.1  Revised from
                                                                                CARE BBB+
(enhanced from 181.89 Crore)
Jupiter Lifeline Hospitals Ltd        LT Bk Fac (Fund    CARE A-        250     Revised from
                                      based)                                    CARE BBB+
K.Ramachandra Rao Transmission And    LT Bk Fac          CARE A-        300     Revised from
Projects Pvt Ltd                                                                CARE BBB+
(enhanced from Rs.20 Crore)
Kach Motors Pvt Ltd                   LT Bk Fac          CARE BBB-      116.4   Assigned
Kapil Mohan & Associates Hydro Power  LT Bk Fac          CARE BB        451     Revised from
Pvt Ltd                                                                         CARE BB-
(Reduced from 50.39 Crore)
Karanj Textile Park Pvt Ltd           LT BkFac           CARE BB-       244.9   Revised from
                                                                                CARE BB
(reduced from Rs.25.05 crore Crore)
Karanj Textile Park Pvt Ltd           LT /ST BkFac       CARE BB-/A4    40      Revised from
                                                                                CARE BB
Karni Processor Pvt Ltd               LT Bk Fac          CARE BB        218     “Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Karshanbhai Gangaram Parmar           LTBkFac            CARE BB-       30      -
ISSUER NOT COOPERATING
Katti-Ma Exports Pvt Ltd              Long -term Bk Fac  CARE BB+       175     -
ISSUER NOT COOPERATING
Khem Chand Nagpal Cotton Industries   LT Bk Fac          CARE B+        79      -
ISSUER NOT COOPERATING
King Refineries Pvt Ltd               LT BkFac           CARE BB-       30      Reaffirmed
ISSUER NOT COOPERATING
Ksk Energy Ltd                        LT Bk Fac          CARE D         1950    -
ISSUER NOT COOPERATING
Ksk Energy Ventures Ltd               LT Bk Fac          CARE D         1000    -
ISSUER NOT COOPERATING
Ksk Energy Ventures Ltd               LT/ST Bk Fac       CARE D         5000    -
ISSUER NOT COOPERATING
Ksk Energy Ventures Ltd               LT Bk Fac          CARE D         1000    -
ISSUER NOT COOPERATING
Ksk Water Infrastructures Pvt Ltd     LT Bk Fac          CARE D         6367.3  -
ISSUER NOT COOPERATING
Kumar Arch Tech Pvt Ltd               LT/ ST Bk Fac      CARE BB/A4     105     “Issuer not
                                                                                cooperating
ISSUER NOT COOPERATING
Kurmi Energy Pvt Ltd                  LT BkFacLT/STBk FacCARE B-/CARE B-332.3   Revised from
                                                                                CARE D
                                                                                Revised 
                                                                                from CARE D
                                                                                /CARE D
(Reduced from Rs.37.22 crore Crore)2.05
Kut Energy Pvt Ltd                    LT Bk Fac          CARE D         2571.4  Reaffirmed
L.G. Agro Impex                       LT BkFac           CARE B+        90      -
ISSUER NOT COOPERATING
Lakecity Infrastructure Pvt Ltd       LT/ ST Bk Fac      CARE BB-       94      -
ISSUER NOT COOPERATING
M K Mathivathanan                     LT Bk Fac          CARE B+        203.2   -
ISSUER NOT COOPERATING
Magma Fincorp Ltd                     Perpetual Debt     CARE A+        1154    Reaffirmed
Magma Fincorp Ltd                     Proposed Perpetual CARE A+        646     Reaffirmed
                                      Debt
Magma Fincorp Ltd                     LT Bk Fac          CARE AA-       72505.4 Reaffirmed
(Reduced from 7,453.32 Crore)
Magma Fincorp Ltd                     Unsecured          CARE AA-       6673    Reaffirmed
                                      Subordinated Tier
                                      II debt
(reduced from 694.30 crore Crore)
Magma Fincorp Ltd                     Proposed Unsecured CARE AA-       1000    Reaffirmed
                                      Subordinated Tier
                                      II debt
Magma Fincorp Ltd                     Secured Redeemable CARE AA-       1050    Reaffirmed
                                      Bonds
(reduced from 172.70 crore Crore)
Magma Fincorp Ltd                     Proposed Secured   CARE AA-       821     Reaffirmed
                                      Redeemable Bonds
Magma Fincorp Ltd                     Long/ST Bk Fac     CARE AA-/A1+   4050    Reaffirmed
Maha Associated Hotels Pvt Ltd.       LT BkFac           CARE D         700     -
ISSUER NOT COOPERATING
Maha Associated Hotels Pvt Ltd.       LT/STBk Fac        CARE D         50      -
ISSUER NOT COOPERATING
Mahalakshmi Infraprojects Ltd         LT Fac             CARE BBB       500     Assigned
Mahalakshmi Infraprojects Ltd         LT Fac             CARE BBB       500     Assigned
Mak Hospitals Pvt Ltd                 Long -term Bk Fac  CARE B+        120     -
ISSUER NOT COOPERATING
Manav Rachna International Institute  LT Bk Fac          CARE BB        292     Reaffirmed
Research And Studies
Manish And Associates                 LT Bk Fac          CARE BB-       45.2    Assigned
Mantri Infrastructure Pvt Ltd         Proposed           CARE BB+(SO)   5000    Assigned
                                      Non-Convertible
                                      Bonds Issue(NCB)
Marsons Energy Pvt Ltd                LT Bk Fac          CARE BB+       50      Reaffirmed
Marudhar Education Society            LT Bk Fac          -              -       Withdrawn
Mauria Udyog Ltd                      Long- Term Bk Fac  CARE BB+       550     -
ISSUER NOT COOPERATING
Mb Sponge And Power Ltd               LT Bk Facility     CARE BB        116     Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
Methodex Systems Pvt Ltd              LT Bk Fac          CARE BBB+      450     Reaffirmed
Methodex Systems Pvt Ltd              LT Bk Fac          CARE BBB+      450     Reaffirmed
Micro Industrial Corporation          Long term BkFac    CARE BBB-      350     -
ISSUER NOT COOPERATING
Mittal Clothing Company               LT Bk Fac          CARE BB,       205.1   -
ISSUER NOT COOPERATING
Modern Papers                         LT Bk Fac*         CARE A (SO)    200     Reaffirmed
Mohan Project Contractors Pvt Ltd     LT Bk Fac          CARE B         100     Revised from
                                                                                CARE BB-
Murlidhar Ratanlal Exports Ltd        LT Bk Fac          CARE BB+       1057.8  Re-affirmed
(enhanced from Rs.64.80 crore Crore)
Muthayammal Educational And CharitableLT BkFac           CARE BB+       52.5    Reaffirmed
Trust                                                                           (Issuer
                                                                                NotCooperating
ISSUER NOT COOPERATING
N R Switch N Radio Services Pvt Ltd   LT BkFac           CARE BB        120     Reaffirmed
N R Switch N Radio Services Pvt Ltd   LT / ST Bk Fac     CARE BB        7.5     Reaffirmed
N.A.M. Expressway Ltd                 Long Term Bk Fac   CARE D         9082    Revised from
                                      - Senior Debt                             CARE BBB-
N.A.M. Expressway Ltd                 Long Term Bk Fac   CARE D         715.9   Revised from
                                      - Additional                              Provisional
                                      Senior Debt                               CARE BBB-
N.A.M. Expressway Ltd                 Long Term Bk Fac   CARE D         3634.8  Revised from
                                      Sub Debt                                  Provisional
                                                                                CARE BBB-
Neptune Industries Ltd                LT Bk Fac          CARE B+        120     Reaffirmed
(reduced from 12.76 Crore)
Nigam Industries                      LT Bk Fac          CARE B+        64      -
ISSUER NOT COOPERATING
Nile Overseas                         LT Bk Fac          CARE B+        150     -
ISSUER NOT COOPERATING
Nimbus Pipes Ltd                      LT Bk Fac          CARE B-        269     -
ISSUER NOT COOPERATING
Nimbus Pipes Ltd                      LT Bk Fac          CARE B-        269     -
ISSUER NOT COOPERATING
Nimbus Pipes Ltd                      LT/ ST Bk Fac      CARE B-/A4     15      -
ISSUER NOT COOPERATING
Nimbus Pipes Ltd                      LT/ ST Bk Fac      CARE B-/A4     15      -
ISSUER NOT COOPERATING
Nirmaan Rmbs Trust – Series Iv – 2014 Series A PTC       CARE AAA (SO)  182.2   Reaffirmed
Nirmaan Rmbs Trust – Series Iv – 2014 Series A PTC       CARE AAA (SO)  182.2   Reaffirmed
Nirmal Spinning Mills Pvt Ltd         LT BkFac           CARE B         96      Reaffirmed
(Reduced fromRs.11.10 crore Crore)
Nirmal Spinning Mills Pvt Ltd         LT BkFac           CARE B         96      Reaffirmed
(Reduced fromRs.11.10 crore Crore)
Nuziveedu Swathi Coastal Consortium   LT Bk Fac          CARE D         510     -
ISSUER NOT COOPERATING
Orange Mamatkheda Wind Pvt Ltd        LT Bk Fac          CARE BBB+      9872    Reaffirmed
Palm Heights Pvt Ltd                  LT Bk Fac          CARE D         150     Reaffirmed
Parasavnath Motors Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Parasmani Buildwell Pvt Ltd           LT Bk Fac          CARE BB-       300     Assigned
Paresh S. Patel                       LT Bk Fac          CARE BB        10      Revised from
                                                                                CARE BB-
Parishudh Machines Pvt Ltd            LT Bk Fac          CARE D         65      -
ISSUER NOT COOPERATING
Polyplex Corporation Ltd              LT Bk Fac          CARE A+        1963.6  Reaffirmed
(enhanced from 150 Crore)
Prime Plaza Hotels Pvt Ltd            LT Bk Fac          CARE BB        418     Reaffirmed
Prince Spinners Pvt Ltd               LT Bk Fac          CARE BB+       120.9   Revised from
                                                                                CARE BB
(reduced from 17.72 Crore)
Prince Spinners Pvt Ltd               LT/ST Bk Fac       CARE BB+/A4+   75      Revised from
                                                                                CARE BB
Progressive Cars Pvt Ltd              LT Bk Fac          CARE B+        144.7   Reaffirmed
(Enhanced from 14.05 Crore)
Purple Creations Pvt Ltd              LT Bk Fac          CARE BB-       132.4   Assigned
Purple Creations Pvt Ltd              Proposed LT Bk Fac CARE BB-       15.1    Assigned
R T Rice Industries                   LT Bk Fac          CARE B+        17.8    -
ISSUER NOT COOPERATING
R.Velumani                            LT BkFac           CARE BB-       40      Reaffirmed
ISSUER NOT COOPERATING
Raajratna Electrodes Pvt Ltd          LT Bk Fac          CARE BBB       105     Reaffirmed
Raajratna Electrodes Pvt Ltd          LT Bk Fac          CARE BBB       105     Reaffirmed
Rajaramsevak Multipurpose Cold StorageLT Bk Fac          CARE B         129.4   -
Pvt Ltd
ISSUER NOT COOPERATING
Rajasthan Hybrid Pvt Ltd              LT BkFac           CARE BB        50      Reaffirmed
Rajson Hotels Pvt Ltd                 LT Bk Fac          -              -       Withdrawn
Rakesh Kumar Gupta Rice Mills Pvt Ltd LT Bk Facility     CARE B+        75      -
ISSUER NOT COOPERATING
Ramky Integrated Township Ltd         LT Bk Fac          CARE BBB-      156.4   Reaffirmed
(reduced from Rs.25.00 crore Crore)
Raymond Ltd                           Proposed NCDIssue  CARE AA        1000    Assigned
Reise Enterprises                     LT Bk Fac          CARE BB+       78.4    Assigned
Reliance General Insurance Company LtdSubordinated Debt  CARE AA        2540    Reaffirmed
                                      issue
Reliance General Insurance Company LtdSubordinated Debt  CARE AA        2540    Reaffirmed
                                      issue
Rewa Agrotech                         LT Bk Fac          CARE D         117.4   Assigned
Rewa Agrotech                         ST Bk Fac          CARE D         5       Assigned
Rewa Leisure Pvt Ltd                  LT Bk Fac          CARE BB-       42.1    Revised from
                                                                                CARE BB
(reduced from Rs.4.72 crore Crore)
Rewa Leisure Pvt Ltd                  LT/ Shortterm Bk   CARE BB- /A4   30      Revised from
                                      Fac                                       CARE BB
Rishi Traders                         LT Bk Fac          CARE BB-       83.5    Assigned
Royal Castor Products Ltd             LT / ST Bk Fac     CARE BBB+      550     -
ISSUER NOT COOPERATING
Royal Castor Products Ltd             Fixed Deposit IssueCARE BBB+ (FD) 120     -
ISSUER NOT COOPERATING
Royalcare Super Speciality Hospital LtLT Bk Fac          CARE BB-       2411.7  Reaffirmed
(enhanced from 25.65 Crore)
Rutu Enterprises                      LT Bk Fac          CARE BB+       280     Assigned
S. K. Bikes Pvt Ltd                   LT BkFac           CARE BB+       190.2   -
ISSUER NOT COOPERATING
S. K. Bikes Pvt Ltd                   LT/Shortterm Bk FacCARE BB+/A4    80      -
ISSUER NOT COOPERATING
S. Satyanarayana & Co                 LT Bk Fac          CARE B+        25      Reaffirmed
S. Satyanarayana & Co                 LT / ST BkFac      CARE B+/A4     120     Reaffirmed
S. V. Foods_(Karnal)                  LT BkFac           CARE B+        88.3    -
ISSUER NOT COOPERATING
Sai Lilagar Power Generation Ltd      LT Bk Fac          CARE D         2600    -
ISSUER NOT COOPERATING
Sai Wardha Power Generation Ltd       LT Bk Fac          CARE D         24939.8 -
ISSUER NOT COOPERATING
Sai Wardha Power Generation Ltd       LT/ ST Bk Fac      CARE D         4030    -
ISSUER NOT COOPERATING
Saico Cranes Pvt Ltd                  LT Bk Fac          CARE BB-       93      -
ISSUER NOT COOPERATING
Saptarishi Hotels Pvt Ltd.            LT BkFac           CARE D         2000    -
ISSUER NOT COOPERATING
Saptarishi Hotels Pvt Ltd.            LT/STBk Fac        CARE D         200     -
ISSUER NOT COOPERATING
Satkar Travels Pvt Ltd                LT Bk Fac          CARE BB        55      -
ISSUER NOT COOPERATING
Scm Silks Pvt Ltd                     LT Bk Fac          CARE BBB+      500     Reaffirmed
Seguro Foundations And Structures Pvt LT Bk Fac          CARE BB+       600     Reaffirmed
Ltd
(enhanced from 30 Crore)
Seguro Foundations And Structures Pvt LT/ STBk Fac       CARE BB+/A4+   300     Reaffirmed
Ltd
(enhanced from 20 Crore)
Seguro Foundations And Structures Pvt LT Bk Fac          CARE BBB+(SO)  -       Assigned
Ltd
Seguro Foundations And Structures Pvt LT/ STBk Fac       CARE           -       Assigned
Ltd                                                      BBB+(SO)/A3+
Sektra Marketing Services Pvt Ltd     LT Bk Fac          CARE BBB-      142.5   Assigned
Shaktiman Bio Agro Industries Pvt Ltd LT Bk Fac          CARE B+        77.8    Assigned
Shamji Kangad & Company               LT Bk Fac          CARE B+        125     Reaffirmed
Shanti Constructions (Guj) Pvt. Ltd.  LT Bk Fac          CARE BBB-      50      Assigned
Shanti Constructions (Guj) Pvt. Ltd.  LT / ST Bk Fac     CARE BBB-/A3   399.5   Assigned
Shiv Shiva Steel Pvt Ltd              LT Bk Fac          CARE B         140     -
ISSUER NOT COOPERATING
Shree Gopinath Paper Mills Pvt Ltd    LT Bk Fac          CARE BB        122.3   Assigned
Shree Gopinath Paper Mills Pvt Ltd    Long- term/ ST     CARE BB/A4     50      Assigned
                                      BkFac
Shree Jagdamba Rice Mills             LT BkFac           CARE B+        200     Reaffirmed
(enhanced fromRs.15.00 crore Crore)
Shree Sales Corporation               LT Bk Fac          CARE BB-       18.1    Reaffirmed
Shree Sales Corporation               LT/ST BkFac        CARE BB-/A4    47.5    Reaffirmed
Shrey Associates                      LT Bk Fac          CARE BB-       82.6    Reaffirmed
Shri Amol Agarwal                     LT Bk Fac          CARE BB        67      Revised from
                                                                                CARE BB
Shri Balaji Oil Mills                 LT Bk Fac          CARE B+        63      -
ISSUER NOT COOPERATING
Shri Sai Priya Sugars Ltd             LT BkFac           CARE B         3606.1  -
ISSUER NOT COOPERATING
Si Air Springs Pvt Ltd (Erstwhile     LT Bk Fac          CARE A-        61.1    Revised from
Firestone Tvs Pvt Ltd)                                                          CARE BBB+
(reduced from 7.01 Crore)
Sindia Steels Ltd                     LT BkFac           CARE BB+       75      Reaffirmed
Sk Agros                              LT Bk Fac          CARE B         130     -
ISSUER NOT COOPERATING
Snj Synthetics Ltd                    LT Bk Fac          CARE BB        372.7   Reaffirmed
(reduced from Rs.38.16 crore Crore)
Sonam Clock Pvt Ltd                   LTBk Fac           CARE BB        16.2    -
ISSUER NOT COOPERATING
Sonam Clock Pvt Ltd                   LT/STBk Fac        CARE BB/A4     125     -
ISSUER NOT COOPERATING
Spc Infrastructure Pvt Ltd            LT / ST Bk Fac     CARE BBB-/A3   200     Reaffirmed
Srasthi Buildcon Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Sri Bajrang Seeds                     LT Bk Fac          CARE B+        120     -
ISSUER NOT COOPERATING
Sri Ranilakshmi Textiles Pvt Ltd      LT Bk Fac          CARE B+        120     -
ISSUER NOT COOPERATING
Sspt Logistics                        LT BkFac           CARE B+        60      Reaffirmed
                                                                                (Issuer Not
                                                                                Cooperating
ISSUER NOT COOPERATING
Standard Fireworks Pvt Ltd            LT Bk Fac          CARE A-        869.1   Revised from
                                                                                CARE A
(reduced from 94.71 Crore)
Standard Fireworks Pvt Ltd            LT Bk Fac          CARE A-        869.1   Revised from
                                                                                CARE A
(reduced from 94.71 Crore)
Standard Fireworks Pvt Ltd            LT/ ST Bk Fac      CARE A-/A2     8       Revised from
                                                                                CARE A
Standard Fireworks Pvt Ltd            LT/ ST Bk Fac      CARE A-/A2     8       Revised from
                                                                                CARE A
Suashish Diamonds Ltd                 Bk Fac-FundBased-LTCARE A-        -       Reaffirmed
Suashish Diamonds Ltd                 Bk Fac-FundBased-LTCARE A-        -       Reaffirmed
Subharati Kkb Charitabel Trust        LT Bk Fac          CARE BBB-      361.3   Reaffirmed
(enhanced from 25.65 Crore)
Subharati Kkb Charitabel Trust        LT Bk Fac          CARE BBB-      361.3   Reaffirmed
(enhanced from 25.65 Crore)
Subharati Kkb Charitabel Trust        LT/ST BkFac        CARE BBB-/A3   675     Reaffirmed
Subharati Kkb Charitabel Trust        LT/ST BkFac        CARE BBB-/A3   675     Reaffirmed
Sukh Sagar Industries                 LT Bk Fac          CARE B+        51      -
ISSUER NOT COOPERATING
Sumal India                           LT/ST Bk           CARE BB/A4     100     Long Term
                                      Facility(FB)*                             Rating
                                                                                Reaffirmed. 
                                                                                Short Term 
                                                                                Rating 
                                                                                Assigned.
Supreme Electricals Pvt Ltd           LT Bk Fac          CARE BB        105     Reaffirmed
Swarna Tollway Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Swarna Tollway Pvt Ltd                NCD                -              -       Withdrawn
Swastik Enterprises                   LT Bk Fac          CARE B+        50      -
ISSUER NOT COOPERATING
Symega Food Ingredients Ltd (ErstwhileLT Bk Fac (Andhra  -              -       Withdrawn
Symega Savoury Technology Ltd)        Bk)*
Symega Food Ingredients Ltd (ErstwhileST Bk Fac (Andhra  -              -       Withdrawn
Symega Savoury Technology Ltd)        Bk)*
Symega Food Ingredients Ltd (ErstwhileLT Bk Fac          CARE BBB+      256.1   Assigned
Symega Savoury Technology Ltd)        (Federal Bk)
Tesla Transformers Ltd                LT Bk Fac          CARE BBB+      4.7     # 
(reduced from Rs.1.18 crore Crore)
Tesla Transformers Ltd                LT / ST Bk Fac     CARE BBB+ /A2  1085    # 
(reduced from Rs.128.50 crore Crore)
Tetradrip Pharma Pvt Ltd              LT Bk Facility     CARE B+        70      -
ISSUER NOT COOPERATING
The Belgachi Tea Co. Ltd              LT Bk Fac          CARE BB-       99      -
ISSUER NOT COOPERATING
The Hind Samachar Ltd                 LT Bk Fac          CARE A+        500     Reaffirmed
Tirupati Cotton Corporation           LT Bk Fac          CARE B+        124.8   Reaffirmed
Tirupati Fibers                       LT Bk Fac          CARE B+        80      Reaffirmed
Tripureshwari Agro Product Pvt Ltd    LT Bk Fac          CARE B+        50      -
ISSUER NOT COOPERATING
Troikaa Pharmaceuticals Ltd           LT Bk Fac          CARE BBB       876.4   Reaffirmed
(Enhanced from Rs.81.67 Crore Crore)
Troikaa Pharmaceuticals Ltd           LT/STBk Fac        CARE BBB/A3+   1015    Reaffirmed
Umashakti Steels Pvt Ltd              LT Bk Fac          CARE BB+       150     -
ISSUER NOT COOPERATING
Umedica Laboratories Pvt Ltd          LT Bk Fac          CARE BBB-      30.8    Reaffirmed
Umedica Laboratories Pvt Ltd          LT/STBk Fac        CARE BBB-/A3   213     Reaffirmed
Unitech Cotspin Ltd                   LT Bk Fac          -              -       Withdrawn
Unnat Feeds Pvt Ltd                   LT Bk Fac          CARE B         118.1   -
ISSUER NOT COOPERATING
Vardhman Textile Components Ltd       LT Bk Fac          CARE BBB       140.4   Revised from
                                                                                CARE BBB-
Vedic Resorts & Hotels Pvt Ltd        LT Bk Fac          CARE BB+       195.2   Reaffirmed
Velbon Vitrified Llp                  LT Bk Fac          CARE B+        217.7   # 
Velko Infratek Projects Pvt Ltd       LT Bk Fac          CARE BB+       50      Reaffirmed
Velko Infratek Projects Pvt Ltd       LT/ST Bk Fac       CARE BB+/A4+   150     Reaffirmed
Vibhor Vaibhav Infra Pvt Ltd          LT Bk Fac          CARE BB-       115     Assigned
Vijay Printing Press Pvt Ltd          LT Bk Fac          CARE BBB       75.8    Reaffirmed
Vindyavasani Tarders                  LT Bk Fac          CARE B+        19.5    Assigned
Walzen Strips Pvt. Ltd.               LT Bk Fac          CARE BB        185     Reaffirmed
(reduced from 19.10 Crore)
Xerxes Sbl Ifmr Capital 2016 India    Series A1 PTC      CARE A- (SO)   111.6   Reaffirmed
Shelter Finance Corporation Ltd
Xerxes Sbl Ifmr Capital 2016 India    Series A2 PTC      CARE BBB- (SO) 12.7    -
Shelter Finance Corporation Ltd
Zen Technologies Ltd                  LT Bk Fac          CARE BBB       400     Reaffirmed
(Enhanced from 15 Crore)
Zen Technologies Ltd                  LT/ST BkFac        CARE BBB/A3+   570     Reaffirmed
Zenith Fibress                        Long – term Fac    CARE BB-       20      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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