March 27, 2019 / 6:14 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, 2019.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aroma Organics Ltd                    ST Bk FacBG        -              -       Withdrawn
Amanta Healthcare Ltd                 ST Bk Fac          CARE A3        135.5   Reaffirmed
Removed from credit watch with negative implications
Anchor Health And Beauty Care Pvt. LtdBk                 CARE A4+       180     Reaffirmed
                                      Fac-Non-fundbased

Apex Tubes Pvt Ltd                    ST Bk Fac          CARE A4        175     Reaffirmed
(reduced from 20.00 Crore)
Aroma Organics Ltd                    ST Bk Fac          CARE A4+       380     Revised from
                                                                                CARE A4
(enhanced from 23.00 Crore)
Atc Tires Pvt Ltd                     ST Bk Fac          CARE A1+       550     Reaffirmed
Avon Steel Industries Pvt Ltd         ST Bk Fac          CARE A2        704     -
Issuer not cooperating; on the basis of best available information
Baba Technocrats And Manufacturers PvtST Bk Fac          CARE A4        40      Assigned
Ltd
Besco Ltd (Foundry Division)          ST Bk Fac          CARE A4        27.7    -
Issuer not cooperating; Based on best available information
Bharti Realty Ltd                     CP                 CARE A1+       4500    Reaffirmed
(Reduced from 900.00 Crore)
Cb Doctor Ventilators Pvt Ltd         ST Bk Fac          CARE A4        37.5    Reaffirmed
(reduced from 7.50 Crore)
Chetak Enterprises Ltd                ST Bk Fac          CARE A1+       20      Reaffirmed
Chetak Enterprises Ltd                CP (CP)(carved     CARE A1+       200     -
                                      out of FBworking
                                      capital limits)
Chetak Enterprises Ltd                CP (Standalone) #  CARE A1+       250     -
# Chetak Enterprises Ltd (CEL) has given an undertaking to keep its sanctioned fund based
working capital limits unutilized to the extent of its standalone CP issue of Rs.25 crore. CEL
has further confirmed that the total utilization of its fund based working capital limits and
outstanding CP shall not exceed its sanctioned fund based limits or drawing power, whichever is
lower. CEL has never placed the rated CP till date and even the NCD has not been placed as on
March 18, 2019.
Chetak Jainco Tollways Ltd            ST BkFac           CARE A1+ (SO)  19.4    Reaffirmed
Chetak Mitra Tollways Ltd             ST Bk Fac          CARE A1+ (SO)  35.3    Reaffirmed
Core Chemicals (Mumbai) Pvt Ltd       ST BkFac           CARE A4        37.2    -
Issuer not cooperating; Based on best available information
Dhanvridhi Commercial Pvt Ltd         ST Bk Fac          CARE D         48.7    -
Issuer not cooperating; Based on best available information
Diarough Manufacturing India Llp      ST Bk Fac          CARE A4+       500     Reaffirmed
Dml Exim Pvt Ltd                      ST Bk Fac          CARE A4+       100     Assigned
Eastman International                 ST Bk Fac          CARE A2        727.5   Reaffirmed
(enhanced from Rs. 64.75 crore Crore)
Electroteknica Switchgears Pvt Ltd    ST BkFac           CARE A4        50      -
Issuer not cooperating; Based on best available information
Gopal Sea Foods                       ST Bk Fac          CARE A4+       75      Reaffirmed
Jagabandhu Enterprisers Pvt Ltd       ST Bk Fac          CARE D         79      Assigned
Jyoti Construction Company            ST Bk Fac Total    -              -       Withdrawn
                                      Fac
Harman Plastic Industries             ST Bk Fac          CARE A3+       1.2     -
Issuer Not Cooperating;Based on best available information.
Hi-Tech Power & Steel Ltd             ST Bk Fac          CARE A3        410     Revised from
                                      (Non-Fund based)                          CARE A4+
Issuer Not Cooperating;Based on best available information.
Hyt Engineering Company Pvt Ltd       ST Bk Fac          CARE A3        1315    Reaffirmed
Indraprastha Logistics Pvt Ltd        ST Bk Fac          -              -       Withdrawn
Icici Prudential Asset Management Co. ICICI Prudential   CARE A1+ mfs*  -       Assigned
Ltd                                   Liquid Plan
*The rating has been reclassified from CARE AAA mfs to CARE A1+mfs.
Indore Composite Pvt Ltd              ST Bk Fac          CARE A3+       162.5   Reaffirmed
Industrial Perforation (India) Pvt LtdST Bk Fac          CARE A4        100     -
Issuer Not Cooperating;Based on best available information.
Jakhapur Jagdamba Construction Pvt LtdST Bk Fac          CARE A4        40      Assigned
Kaytx Industries Pvt Ltd              ST Bk Fac          CARE D         150     -
Issuer not cooperating; Based on best available information
Karuna Greentech Pvt Ltd              ST BkFac           CARE A4        100     Reaffirmed
Jcc Infraprojects Pvt Ltd             ST Bk Fac          -              -       Withdrawn
Maruti Spintex Pvt Ltd                ST Bk Fac          CARE A4        3       Reaffirmed
Moksha Thermoplastics Pvt Ltd         ST Bk Fac          -              -       Withdrawn
Methodex Systems Pvt Ltd              ST Bk Fac – Non    CARE A2+       350     Reaffirmed
                                      Fund based
Nagreeka Indcon Products Pvt Ltd      ST Bk Fac          CARE A3+       176     Assigned
Narmada Bio Chem Ltd                  ST Bk Fac          CARE A3        454     Reaffirmed
(enhanced from Rs. 28.60 crore Crore)
Om Logistics Ltd                      ST Bk Fac          CARE A1+       60      Reaffirmed
Om Logistics Ltd                      ST Instrument      CARE A1+       200     Reaffirmed
                                      (CP)*
Patil Construction & Infrastructure   ST Bk Fac          -              -       Withdrawn
Ltd
R. K. Cylinders                       ST Bk Fac          CARE A4        80      -
Issuer not cooperating; Based on best available information
R. E. Cables And Conductors Pvt Ltd   ST Bk Fac          CARE D         500     -
Issuer not cooperating; Based on best available information
Ramalingam Construction Company Pvt   ST Bk Fac (Non     CARE A3+       2000    Reaffirmed
Ltd                                      Fund Based)
Sailganga Eu Exports                  ST Bk Fac          CARE A4        100     Reaffirmed
Spc Chetak Tollways Pvt Ltd           ST Bk Fac          CARE A1+ (SO)  20.3    Reaffirmed
Strata Geosystems (India) Pvt Ltd     ST Bk Fac-Non Fund CARE A2+       300     Reaffirmed
                                      based
(enhanced from Rs. 9.00 crore Crore)
Talluri Textiles Pvt Ltd              Short – term Bk    CARE A4        10      -
                                      Fac
Issuer not cooperating; Based on best available information
Tavasya Venture Partners Pvt Ltd      ST Bk Fac          CARE A4        40      -
ISSUER NOT COOPERATING; Based on best available information
Today Footwear Pvt Ltd                ST Bk Fac          CARE A4        15      -
Issuer not cooperating;Based on best available Information
Umedica Laboratories Pvt Ltd          ST Bk Fac          -              -       Revised from
                                                                                CARE A3 
                                                                                to CARE A4+
                                                                                and Withdrawn
Utkarsh India Ltd                     ST Bk Fac          -              -       Withdrawn
Utkarsh India Ltd                     ST Bk Fac          CARE A3+       302.2   -
Issuer not cooperating; Based on best available information
V. Thirupathi Naidu                   ST Bk Fac          CARE A4        30      -
Issuer not cooperating; Based on best available information
Vasupati Agro Product Pvt Ltd         ST Bk Fac          CARE A4        1.3     Reaffirmed
Venus Cotsyn (India) Ltd              ST Bk Fac          CARE A4+       50      Reaffirmed
West Coast Foods                      ST Bk Fac          -              -       Withdrawn
Win-Tel Ceramics Pvt Ltd              ST Bk Fac          -              -       Withdrawn

MEDIUM TERM RATINGS:
-------------------
Amanta Healthcare Ltd                 Medium Term        CARE BBB- (FD) 120     Revised from
                                      Instrument - Fixed                        CARE BBB (FD)
                                      Deposit
(Enhanced from Rs.10 crore Crore),Removed from credit watch with negative implications
Trancity Finance Ltd                  Fixed Deposit      CARE B(FD)     14.7    Revised from
                                                                                CARE B+ (FD)
Issuer not cooperating;Based on best available Information


LONG TERM RATINGS:
-------------------
A Prashanth                           LT Bk Fac          CARE BB-       187.4   Assigned
Alkoplus Producers Pvt Ltd            LT Bk Fac          CARE B-        100     Assigned
Amanta Healthcare Ltd                 LT Bk Fac          CARE BBB-      465.3   Revised from
                                                                                CARE BBB
(Reduced from Rs.56.51 crore Crore),Removed from credit watch with negative implications
Anchor Health And Beauty Care Pvt. LtdBk Fac-Fundbased - CARE BB+       112     Reaffirmed
                                      LT-TL
(Reduced from 16.96 Crore),outlook revised from Stable to Negative
Anchor Health And Beauty Care Pvt. LtdBk Fac-Fundbased   CARE BB+       456     Reaffirmed
outlook revised from Stable to Negative
Annada Cold Storage Pvt Ltd           LT Bk Fac          CARE B+        56      Revised from
                                                                                CARE B
Issuer Not Cooperating)
Apex Tubes Pvt Ltd                    LT Bk Fac          CARE BB-       100     Reaffirmed
Archana Flour Mill                    LT Bk Fac          CARE BB-       193     Reaffirmed
Aroma Organics Ltd                    LT Bk Fac          CARE BB+       5.5     Revised from
                                                                                CAREBB
Artech Realtors Pvt Ltd               LT Bk Fac          CARE BB+       1046.4  -
Issuer Not Cooperating; Based on Best Available Information
Atc Tires Pvt Ltd                     LT Bk Fac          CARE AA+       4130    Reaffirmed
Avon Steel Industries Pvt Ltd         LT Bk Fac          CARE BBB+      671     -
Issuer not cooperating; on the basis of best available information
Baba Technocrats And Manufacturers PvtLT Bk Fac          CARE B         32.4    Assigned
Ltd
Berggruen Hotels Pvt Ltd              LT Bk Fac – TL     CARE BBB- (SO) 1357.4  -
(Under Credit Watch withDeveloping Implications)
Besco Ltd (Foundry Division)          LT Bk Fac          CARE B+        117.3   Revised from
                                                                                CARE BB-
Issuer not cooperating; Based on best available information
Bharat Hitech (Cements) Pvt. Ltd.     LT Bk Fac          CARE BB-       177.4   Revised from
                                                                                CARE BB
Issuer not cooperating; Based on best available information
Bharat Industrial Works (Bhilai) Pvt  LT / ST Bk Fac     CARE B-        10      Reaffirmed
Ltd
Bharat Industrial Works (Bhilai) Pvt  LT Bk Fac          CARE B-        60      Reaffirmed
Ltd
Bhoruka Classic Finance Pvt Ltd       Bk Fac             -              -       Withdrawn
Cb Doctor Ventilators Pvt Ltd         LT Bk Fac          CARE B+        12.5    Reaffirmed
Cb Doctor Ventilators Pvt Ltd         LT/ST BkFac        CARE B+        100     Reaffirmed
Chandtara Indian Steam Rice IndustriesLT Bk Fac          CARE B+        55      Assigned
Chetak Enterprises Ltd                LT Bk Fac (TL)     CARE A+        -       Withdrawn
[Reduced from Rs.105.20 crore],$ This term loan is backed by first charge on escrow of toll
receivable from Pune-Ahmednagar (P-A) road project.
Chetak Enterprises Ltd                LT Bk Fac (TL)     CARE A+        500.1   Reaffirmed
[Reduced from Rs.65.57 crore],^ This term loan is backed by first charge on escrow of toll
receivable from Ferojpur-Jalalbad-Fazilka (F-J-F) road project.
Chetak Enterprises Ltd                LT Bk Fac (Fund    CARE A+        1500    Reaffirmed
                                      based – Working
                                      Capital Limits)
Chetak Enterprises Ltd                LT/ST Bk Fac       CARE A+        8500    Reaffirmed
                                      (Non-fund based)
Chetak Enterprises Ltd                Proposed LT NCDs   CARE A+        450     Reaffirmed
                                      (NCD)
Chetak Jainco Tollways Ltd            LT BkFac           CARE A+ (SO)   296.2   Reaffirmed
(reduced from Rs.38.69 crore Crore)
Chetak Mitra Tollways Ltd             LT Bk Fac          CARE A+ (SO)   366     Reaffirmed
(Reduced from Rs.47.16 crore Crore)
Chhattisgarh Wr Transmission Ltd      LT Bk Fac          CARE A+        7550    Revised from
                                                                                CARE A-
Core Chemicals (Mumbai) Pvt Ltd       LT BkFac           CARE BB        100     -
Issuer not cooperating; Based on best available information
Dhanvridhi Commercial Pvt Ltd         LT Bk Fac          CARE D         80      -
Issuer not cooperating; Based on best available information
Dhanvridhi Commercial Pvt Ltd         LT/ ST Bk Fac      CARE D/CARE D  16.3    -
Issuer not cooperating; Based on best available information
Diamond Polymers                      LT Bk Fac          CARE B+        51.2    -
Issuer not cooperating; Based on best available information
Dml Exim Pvt Ltd                      LT Bk Fac          CARE BB+       50      Assigned
Eastman International                 LT Bk Fac          CARE BBB+      1467    Reaffirmed
(reduced from Rs. 166.92 crore Crore),Outlook revised from Positive to Stable
Eca Infrastructure India Pvt Ltd      LT BkFac           CARE A+ (SO)   522.9   Reaffirmed
(Reduced from Rs.70.21 crore Crore)
Eca Infrastructure India Pvt Ltd      LT/ Shortterm BkFacCARE A+ (SO)   76.4    Reaffirmed
                                                         /CARE A1+ (SO)
E-Homes Infrastructure Pvt Ltd        NCD issue          CARE BB+       1830    Reaffirmed
(Rupees One Hundred eight three Crore only Crore)
Eleanor Industries Llp                LT Bk Fac          CARE B+        72      Assigned
Electroteknica Switchgears Pvt Ltd    LT Bk Fac          CARE B         15      Revised from
                                                                                CARE B+
Issuer not cooperating; Based on best available information
Fairdeal Motors And Workshop Pvt Ltd  LT Bk Fac          CARE BBB       500     Reaffirmed
(enhanced from 26 Crore)
Fouzdar Cars Pvt Ltd                  LT Bk Fac          CARE B+        50      -
Issuer not cooperating; Based on best available information
Fouzdar Cars Pvt Ltd                  LT /Shortterm Bk   CARE B+        20      -
                                      Fac
Issuer not cooperating; Based on best available information
Grand Canyon Sez Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Green Infra Wind Energy Theni Ltd     LT Bk Fac (TL)     -              -       Withdrawn
Harman Plastic Industries             LT Bk Fac          CARE BBB       59.5    -
Issuer Not Cooperating;Based on best available information.
Hi-Tech Power & Steel Ltd             LT Bk Fac (Fund    CARE BBB-      917.5   Revised from
                                      Based)                                    CARE BB+
Issuer Not Cooperating;Based on best available information.
Hyt Engineering Company Pvt Ltd       LT/STBk Fac        CARE BBB-      860     Reaffirmed
Hyt Engineering Company Pvt Ltd       LT Bk Fac          CARE BBB-      975     Reaffirmed
Indore Composite Pvt Ltd              LT Bk Fac          CARE BBB+      325     Reaffirmed
(enhanced from 28.14 Crore)
Indore Composite Pvt Ltd              LT/STBk Fac        CARE BBB+/CARE 160     Assigned
                                                         A3+
Indraprastha Logistics Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Industrial Perforation (India) Pvt LtdLong term Bk Fac   CARE B+        30      -
Issuer Not Cooperating;Based on best available information.
Irb Westcoast Tollway Pvt Ltd         LT Bk Fac (TL)#    CARE BBB (SO)  14048.3 Reaffirmed
(reduced from 1406.00 Crore)
# Irrevocable and unconditional corporate guarantee from IRB Infrastructure Developers Limited
to meet shortfall between outstanding amount of the Obligations and termination payments
received from NHAI in case of termination of Concession Agreement for any reason.
Jagabandhu Enterprisers Pvt Ltd       LT Bk Fac          CARE D         30      Assigned
Jaichand Lal Singhi                   LT Bk FacLT/ST     CARE BBB /CARE 5.9     Assigned
                                      BkFac              A3+
Jakhapur Jagdamba Construction Pvt LtdLT Bk Fac          CARE BB-       10      Assigned
Jaypee Powergrid Ltd                  LT Bk Fac          CARE A-        3429.3  Reaffirmed
(reduced from 404.99 Crore)
Jcc Infraprojects Pvt Ltd             LT Bk Fac          -              -       Withdrawn
Jyoti Construction Company            LT Bk Fac          -              -       Withdrawn
K. V Chinnaiah                        Long -term Bk Fac  CARE B+        35      -
Issuer Not Cooperating, Based on best available information
Kancor Ingredients Ltd                Long/ST BkFac      CARE A         1750    Revised from
                                                                                CARE A-/ CARE
                                                                                A2
Karuna Greentech Pvt Ltd              LT BkFac           CARE BB        130     Reaffirmed
Karuna Greentech Pvt Ltd              Long/STBk Fac      CARE BB/CARE   0.1     Reaffirmed
                                                         A4
Kashibai Solar Energies               Long -term Bk Fac  CARE BB-       70      -
Issuer Not Cooperating, Based on best available information
Kaytx Industries Pvt Ltd              LT Bk Fac          CARE D         400     -
Issuer not cooperating; Based on best available information
Krishna Sai Educational Society       Long Term Fac      CARE BBB-      108.1   Reaffirmed
(Rs. 10.81 crore Crore)
Kumar And Company                     LT Bk Fac          -              -       Withdrawn
L&T Uttaranchal Hydropower Ltd        LT Bk Fac (Non-    CARE A         250     Reaffirmed
                                      Fund Based) – LOC
L&T Uttaranchal Hydropower Ltd        LT Bk Fac (Non-    CARE A         50      Reaffirmed
                                      Fund Based) –
                                      BkGuarantee
Laxmi Foils Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
M. Shailesh & Co.                     LT Bk Fac          CARE BB        50      -
ISSUER NOT COOPERATING (Based on best available information)
Mahajan Engineering Works             LT Bk Fac          CARE BBB-      300     Reaffirmed
(enhanced from Rs.15.00 crore Crore)
Mahima Cold Storage Pvt Ltd           LT Bk Fac          CARE B+        62.2    Reaffirmed
Mars Packaging Industries             LT Bk Fac          CARE B+        70.7    Reaffirmed
(reduced from 7.23 Crore)
Maruti Spintex Pvt Ltd                LT Bk Fac          CARE BB        535.3   Revised from
                                                                                CARE BB-
(reduced from 60.86 Crore)
Maruti Spintex Pvt Ltd                LT/ST Bk Fac       CARE BB        41.8    Revised and
                                                                                Reclassified
                                                                                from CARE A4
Methodex Systems Pvt Ltd              LT Bk Fac – Fund   CARE BBB+      500     Reaffirmed
                                      Based
Moksha Thermoplastics Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Moksha Thermoplastics Pvt Ltd         LT/ST Bk Fac       -              -       Withdrawn
Murli Cold Storage Pvt Ltd            LT BkFac           CARE B+        99.7    Reaffirmed
Nagreeka Indcon Products Pvt Ltd      LT Bk Fac          CARE BBB+      4       Assigned
Nagreeka Indcon Products Pvt Ltd      LT Bk Fac/ ST Bk   CARE BBB+/CARE 160     Assigned
                                      Fac                A3+
Naiknavare Buildcon Pvt Ltd           Proposed Non-      CARE D         800     Assigned
                                      Convertible
                                      Debentures
Narmada Bio Chem Ltd                  LT Bk Fac          CARE BBB       420     Reaffirmed
National Exports Corporation          LT Bk Fac / Short  CARE BB /CARE  75      Reaffirmed
                                      term Bk Fac        A4+
Navi Mumbai Sez Pvt Ltd               LT Bk Fac          CARE AA        48000   Reaffirmed
Need Livelhood Microfinance Ltd       LT Bk FacTL        CARE BB        150     -
Issuer not Cooperating;Based on best available information
Nezone Tubes Ltd                      LT Bk Fac          CARE A         300     Reaffirmed
Om Logistics Ltd                      LT Bk Fac          CARE AA-       3130    Reaffirmed
(enhanced from 203.71 Crore)
Paithan Mega Food Park Pvt Ltd        LT BkFac           CARE BBB (SO)  275     Revised from
                                                                                CARE BBB- (SO)
(reduced from 30.00 Crore)
Paithan Mega Food Park Pvt Ltd        LT BkFac           CARE BBB (SO)  136     Revised from
                                                                                CARE BB
Paras Cotspin Ltd                     LT Bk Fac          CARE BB-       107.5   Reaffirmed
Paras Ram Textiles Pvt Ltd            LT Bk Fac ST Bk    CARE B+ /CARE  105.8   Reaffirmed
                                      Fac                A4
(enhanced form Rs. 7.15 crore Crore)
Paresh Rice And Pulse Mill            LT Bk Fac          CARE B+        72.4    Reaffirmed
(reduced from 7.31 Crore)
Patel-Knr Infrastructure Ltd          LT LT Instruments  CARE AA+ (SO)  2517.3  Reaffirmed
Patil Construction & Infrastructure   LT Bk Fac          -              -       Withdrawn
Ltd
Patil Construction & Infrastructure   LT/STBk Fac        -              -       Withdrawn
Ltd
Patil Construction & Infrastructure   LT Bk Fac          CARE BB+       245.8   Revised from
Ltd                                                                                CARE BBB+
Issuer not Cooperating;Based on best available information
Pearltree Hotels & Resorts Pvt. Ltd.  LT Bk Fac          CARE BB-       56.4    -
Issuer not cooperating; Based on best available information
R. E. Cables And Conductors Pvt Ltd   LT Bk Fac          CARE D         628     -
Issuer not cooperating; Based on best available information
R. K. Cylinders                       LT Bk Fac          CARE BB-       18.5    -
Issuer not cooperating; Based on best available information
Raja Agro Cold Storage                LT BkFac           CARE B+        95.6    Reaffirmed
(reduced from 9.76 Crore),Removed from NonCooperation
Rajalakshmi Educational Trust         LT Bk Fac          CARE BBB-      1581.7  Revised from
                                                                                CARE BBB-
(enhanced from 129.94 Crore)
Ramalingam Construction Company Pvt   LT Bk Fac- (TL)    -              -       Withdrawn
Ltd
Ramalingam Construction Company Pvt   LT Bk Fac- (Fund   CARE BBB+      800     Reaffirmed
Ltd                                   Based)
Ravi Cam Manufacturing Pvt Ltd        LT Bk Fac          CARE B+        50.4    Reaffirmed
Rhenus Logistics India Pvt Ltd        LT / ST Bk Fac     CARE BBB+      100     Assigned
                                      (proposed)         /CARE A3+
Rine Engineering Pvt Ltd              LT Bk Fac          CARE BB        95      Assigned
Sabari Foundation                     LT Bk Fac          CARE BB+       426.5   Revised from
                                                                                CARE BB+
(enhanced from 33.36 Crore)
Sadguru Raghavendra Paraboiled        LT Bk Fac          CARE B+        52.5    Revised from
Industries                                                                      CARE B
Sathwik Exports                       Long -term Bk Fac  CARE B         55      Revised from
                                                                                CARE B+
Issuer not cooperating; Based on best available information
Shalimar Ksmb Projects                LT Bk Fac-TL       CARE BBB-      440     Assigned
Shanghvi Finance Pvt Ltd              Proposed NCD       CARE AA+       5000    Assigned
Shiv Parvati Solar Energy             Long -term Bk Fac  CARE BB-       70      -
Issuer not cooperating; Based on best available information
Shiva Polyplast Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Shiva Polyplast Pvt Ltd               LT/ST Fac          -              -       Withdrawn
Shree Gautam Construction Co. Ltd     LT Bk Fac          CARE A-        450     Reaffirmed
Shree Gautam Construction Co. Ltd     LT/ST BkFac        CARE A-        1900    Reaffirmed
Shrirang Kisanlal Sarda               LT BkFac           CARE BBB-      82      Reaffirmed
Sipat Transmission Ltd                LT BkFac           CARE A-        4610    Revised from
                                                                                CARE A-
Spc Chetak Tollways Pvt Ltd           LT Bk Fac          CARE A+ (SO)   111.7   Reaffirmed
(Reduced from Rs.20.65 crore Crore)
Sree Balaji Brick Industri            LT Bk Fac          CARE D         100     Revised from
                                                                                CARE B+
Stemcell Transplantation Assisted     LT Bk Fac          CARE B         58.2    Assigned
Reproduction Research Pvt Ltd
Strata Geosystems (India) Pvt Ltd     LT Bk Fac-TL       CARE A-        510.2   Reaffirmed
(enhanced from Rs. 45.82 crore Crore)
Strata Geosystems (India) Pvt Ltd     LT Bk Fac-Fund     CARE A-        380     Reaffirmed
                                      based
(enhanced from Rs. 20.00 crore Crore)
Sumal India                           LT/ Short Fac      CARE BB+ /CARE 100     Revised from
                                                         A4                     CARE BB;
                                                                                Stable/ CARE A4
Issuer not cooperating; Based on best available information
Sumit Woods Ltd                       LT Bk Fac          -              -       Withdrawn
Sunrise Construction Company          LT Bk Fac          CARE BB-       20      -
Issuer not cooperating; Based on best available information
Sunrise Construction Company          LT Bk Fac / ST Bk  CARE BB-       50      -
                                      Fac
Issuer not cooperating; Based on best available information
Supreme Poultry Pvt Ltd               LT Bk Fac          CARE BB-       45.1    Reaffirmed
(reduced from 4.94 Crore)
Talluri Textiles Pvt Ltd              LT Bk Fac          CARE BB        343.9   -
Issuer not cooperating; Based on best available information
Tavasya Venture Partners Pvt Ltd      LT Bk Fac          CARE BB        15      -
ISSUER NOT COOPERATING; Based on best available information
Today Footwear Pvt Ltd                LT Bk Fac          CARE B+        95      -
Issuer not cooperating;Based on best available Information
Umedica Laboratories Pvt Ltd          LT Bk Fac          -              -       Revised from
                                                                                CARE BBB-;
                                                                                Stable
Umedica Laboratories Pvt Ltd          LT/STBk Fac        -              -       Revised from
                                                                                CARE BBB-
United Cotton Extract Pvt Ltd         LT Bk Fac          CARE D         64.9    -
Issuer not cooperating; Revised from CARE B Outlook Stable) on the basis of best available
information
Unity Milk And Food Products Pvt Ltd  LT BkFac           CARE BB-       58.3    -
Issuer NotCooperating; On the basis of best available information
Utkarsh India Ltd                     LT Bk Fac          -              -       Withdrawn
Utkarsh India Ltd                     LT/ST Bk Fac       -              -       Withdrawn
Utkarsh India Ltd                     LT Bk Fac          CARE BBB       840     -
Issuer not cooperating; Based on best available information
Utkarsh India Ltd                     LT/ST Bk Fac       CARE BBB /CARE 1250    -
                                                         A3+
Issuer not cooperating; Based on best available information
V. Thirupathi Naidu                   Long -term Bk Fac  CARE BB-       30      -
Issuer not cooperating; Based on best available information
Vaishali Agro Soya Products           LT BkFac           CARE BB-       154.5   Revised from
                                                                                CARE B+;
                                                                                Stable (Single B
Plus; Outlook:Stable)
Vanchinad Finance Pvt Ltd             LT Bk Fac          CARE BB        150     -
Issuer not cooperating; Based on best available information
Vara Infotech Pvt Ltd (Formerly Known LT Bk Fac          CARE BBB       967.7   Reaffirmed
As Vara United Pvt Ltd)
(reduced from 100.00 Crore)
Vasupati Agro Product Pvt Ltd         LT Bk Fac          CARE B+        49.1    Revised from
                                                                                CARE B
Veeda Clinical Research Pvt Ltd       LT BkFac           CARE BBB+      0.2     Reaffirmed
(reduced from Rs.0.92 crore Crore)
Veeda Clinical Research Pvt Ltd       LT/ ST Bk Fac      CARE BBB+      200     Reaffirmed
                                                         /CARE A3+
(enhanced from Rs.17.00 crore Crore)
Venus Cotsyn (India) Ltd              LT Bk Fac          CARE BB+       256.9   Reaffirmed
(enhanced from 23.17 Crore)
Vrundavan Ginning Industries          LT Bk Fac          CARE BB-       60.8    -
Issuer not cooperating; Based on best available information
Welspun Sattanathapuram Nagapattinam  LT Bk Fac          ProCARE A      10445   Assigned
Road Pvt Ltd
West Coast Foods                      LT/ST Bk Fac       -              -       Withdrawn
Win-Tel Ceramics Pvt Ltd              LT Bk Fac          -              -       Withdrawn

--------------------------------------------------------------------------------------------
$: 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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