March 29, 2018 / 5:59 AM / 4 months ago

CARE ratings for Indian debt instruments-Mar 29

   Mar 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 28, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aditya Marine Ltd                     ST Bk Fac          CARE A4        5       Reaffirmed
(enhanced from 0.40 Crore)
Azam Rubber Products Ltd              ST Bk Fac          CARE D         308     -
ISSUER NOT COOPERATING
Air Perfection                        ST Bk Fac          CARE A4        80      Assigned
Al Sameer Exports Pvt Ltd             ST Bk Fac          CARE A3        240     Reaffirmed

Bio Med Healthcare Products Pvt Ltd   ST Bk Fac          CARE A3        205     -
ISSUER NOT COOPERATING
Babu Banarasi Das Northern India      ST Bk Fac          -              -       Withdrawn
Institute Of Technology
Coromandel Infotech India Ltd         ST Bk Fac          -              -       Withdrawn
Cremica Food Industries Ltd           ST Bk Fac          CARE A3+       150     Reaffirmed
(Enhanced from 10.00 Crore)
Durgapur Medical Centre Pvt Ltd       ST Bk Fac          CARE A3+       40      Reaffirmed
Eco Protection Engineers Pvt Ltd      ST Bk Fac          CARE A3        20      Assigned
Elljay Textiles Pvt Ltd               ST Bk Fac          CARE A4        35      -
ISSUER NOT COOPERATING
Emrald Resilient Tyre Manufacturers Pvt ST Bk Fac        CARE A4        332.5   Reaffirmed
Ltd
Energy Efficiency Services Ltd        ST Bk Fac –TL      CARE A1+       5100    Placed on
                                                                                credit watch
                                                                                with developing 
                                                                                implications
Expat Engineering India Ltd           ST Bk Fac          CARE A4        135     Reaffirmed
Flash Electronics India Pvt Ltd       ST Bk Fac          CARE A2        502.6   Reaffirmed
Gupta Exim India Pvt Ltd              ST Bk Fac          CARE D         5       Reaffirmed
G. K. And Sons Automobiles Pvt Ltd    ST Bk Fac          CARE A4        40      Assigned
Ganesha Ecosphere Ltd                 ST Bk Fac          CARE A2+       246.4   Reaffirmed
(enhanced from 11.80 Crore)
Gujarat Metal Cast Industries Ltd     ST Bk Fac          CARE A3        22.5    Revised from
                                                                                CARE A3+
(reduced from 4.41 Crore)
Gujarat State Petronet Ltd            ST Bk Fac          CARE A1+       1000    Reaffirmed
Gva Industries Pvt Ltd                ST Bk Fac          CARE A4        20      Reaffirmed
Haveli Marble Pvt Ltd                 ST Bk Fac          CARE A3        12.5    Reaffirmed
India Dye Chem                        ST Bk Fac          CARE A4+       95      Assigned
Industrial Perforation India Pvt Ltd  ST Bk Fac          CARE A4        100     Revised from
                                                                                CARE A4
ISSUER NOT COOPERATING
Intermarket (India) Pvt Ltd           ST Bk Fac          CARE A3        7       Reaffirmed
Jupiter International Ltd             ST Bk Fac          CARE A4        20.8    Reaffirmed
Kaleshwarwar And Sons                 ST Bk Fac          CARE A4        40.2    Assigned
Kanara Hardwares                      ST Bk Fac          CARE A4        10      -
ISSUER NOT COOPERATING
Kanoria Chemicals & Industries Ltd.   ST Bk Fac          CARE A1+       550     Reaffirmed
(enhanced from Rs.40.00 Crore)
Kanoria Chemicals & Industries Ltd.   CP                 CARE A1+       400     Reaffirmed
Kie Engineering Pvt Ltd               ST Bk Fac          CARE A2+       20      Assigned
Lakshmi Vacuum Technologies Pvt Ltd   ST Bk Fac          CARE A4        105.9   Reaffirmed
M. Ranganathan                        ST Bk Fac          CARE A4        15      -
ISSUER NOT COOPERATING
Mahi Granites Pvt Ltd                 ST Bk Fac          CARE A3+       242     Revised from
                                                                                CARE A3
Marda Estates Pvt Ltd                 ST BkFac           CARE A3        8.5     Reaffirmed
Mse Industries                        ST Bk Fac          CARE A4        21      -
ISSUER NOT COOPERATING
Shiv Edibles Ltd                      ST Bk Fac          -              -       Withdrawn
Pinnacle Industries Ltd               ST Bk Fac          CARE A3+       190.5   Reaffirmed
(reduced from Rs.30.05 crore Crore)
Pragat Akshay Urja Ltd                ST Bk Fac          CARE A4        20      -
ISSUER NOT COOPERATING
Teerthanker Mahaveer Institute Of     ST Bk Fac          -              -       Withdrawn
Management & Technology
Tebma Shipyards Ltd                   Short term BkFac   CARE D         4804.7  -
ISSUER NOT COOPERATING
Praveen Spinners India Pvt Ltd        ST Bk Fac^         CARE A2 (SO)   15      Revised from
                                                                                CARE A3+
^backed by unconditional and irrevocable corporate guarantee of
  K. Ramachandra Rao Transmission and Projects Private Limited 
 (KRR; rated ‘CARE A-; Stable/CARE A2’).
Real Spintex Pvt Ltd                  ST Bk Fac          CARE A4+ (A    50.6    Revised from
                                                         Four Plus)             CARE A4
Jhawar International                  ST Bk Fac          CARE D         400     -
ISSUER NOT COOPERATING
Rkn Projects Pvt Ltd                  ST Bk Fac          CARE A4        140     Reaffirmed
Rohan Rajdeep Highways Ltd            ST Bk Fac          CARE A2 (SO)   35.6    Reaffirmed
Rohan Rajdeep Katol Byepass           ST Bk Fac          CARE A3 (SO)   8.1     Reaffirmed
Infrastructure
Rohan Rajdeep Rajasthan Infra ProjectsST Bk Fac          CARE A2 (SO)   30      Reaffirmed
Ltd
Rohan Rajdeep Tollways Ltd            ST Bk Fac          CARE A2 (A     608.9   Reaffirmed
                                                         Two)
Rohan Rajdeep Warora Rob Infrastructure ST Bk Fac        CARE A3 (SO)   6.5     Reaffirmed
Rts Power Corporation Ltd             ST Bk Fac          CARE A4        404.3   Assigned
Servewell House Hold Appliances       Short term Bk Fac  CARE A3        45      Reaffirmed
Shri Vaari Electricals Pvt Ltd        ST Bk Fac          CARE A3        80      Assigned
Silver Spark Apparel Ltd              ST Bk Fac – Non-   CARE A1        250     Reaffirmed
                                      Fund Based
Singhal Commodities Pvt Ltd           ST Bk Fac          CARE A4        70      -
ISSUER NOT COOPERATING
Slmi Infra Projects Pvt Ltd           ST Bk Fac          CARE A4        370     Assigned
Span Pump Pvt Ltd                     ST Bk Fac          CARE A3        450     -
ISSUER NOT COOPERATING
Strata Geosystems (India) Pvt Ltd     ST BkFac (Fund     CARE A4        335     -
                                      based)
ISSUER NOT COOPERATING
Strata Geosystems (India) Pvt Ltd     ST Bk Fac (Non     CARE A4        105     -
                                      Fund based)
ISSUER NOT COOPERATING
Stylo Tablewares                      Short term BkFac   CARE A3        75      Reaffirmed
Styrax Pharma Pvt Ltd                 ST Bk Fac          CARE A4+       50      -
ISSUER NOT COOPERATING
Talbros Automotives Components Ltd    ST Bk Fac          CARE A2+       450     Revised from
                                                                                CARE A2
Tata International Ltd                CP                 CARE A1        3000    Reaffirmed
Tata International Ltd                ST Bk Fac-Nonfund  CARE A1 (A     2300    Reaffirmed
                                      based              One)
Tata International Ltd                CP (Carved Out)*   CARE A1+ (SO)  500     Reaffirmed
* Carved out of sanctioned working capital limits 
Transformers & Rectifiers (India) Ltd ST Bk Fac          CARE A3+       1500    Revised from
                                                                                CARE A2
Universal Auto Gears Llp              ST Bk Fac          CARE A4        2       Assigned
Universal Exports                     ST Bk Fac          CARE A4        65      Assigned


LONG TERM RATINGS:
-------------------
Aavishkaar Mfl Northern Arc 2018      Series A1 PTC      Provisional    396.8   Assigned
                                                         CARE A (SO)
Aavishkaar Mfl Northern Arc 2018      Series A2 PTC      Provisional    4.5     Assigned
                                                         CARE A- (SO)
Ace Clothing Company Pvt Ltd          LT Bk Fac          CARE B+        8.3     Assigned
Ace Clothing Company Pvt Ltd          LT /ST Bk Fac      CARE B+/A4     60      Assigned
Ace Finlease Pvt Ltd                  LT Bk Fac          CARE BB+       200     Reaffirmed
Ace Finlease Pvt Ltd                  Issuer Rating      CARE BB+ (Is)  -       Rating placed
                                                                                on Notice of
                                                                                Withdrawal
                                                                                for 1 year
Aditya Marine Ltd                     LT Bk Fac          CARE BB-       349.2   Revised from
                                                                                CARE BB
(enhanced from 30.80 Crore)
Air Perfection                        LT Bk Fac          CARE BB-       60      Assigned
Al Sameer Exports Pvt Ltd             LT Bk Fac          CARE BBB-      30      Reaffirmed
Anup Insulation Pvt Ltd               LT/ ST Bk Fac      -              -       Withdrawn
Azam Rubber Products Ltd              LT BkFac           CARE D         519.8   -
ISSUER NOT COOPERATING
B R Metallics                         LT Bk Fac          CARE BB        120     Reaffirmed
Balaji Wafers Pvt Ltd                 LT Bk Fac          CARE AA        1100    Reaffirmed
Bio Med Healthcare Products Pvt Ltd   Long- Term Bk Fac  CARE BBB-      125.1   -
ISSUER NOT COOPERATING,(reduced from 16.79 Crore)
Btm Exports Ltd                       Long- Term Bk Fac  CARE BB+       400     -
ISSUER NOT COOPERATING
Byreddy Vishnuvardhan Reddy           LT Bk Fac          CARE B         65      Revised from
                                                                                CARE B+
Cedar Inclusive Finance Trust 5       Series A3 PTC      CARE BBB (SO)  15.8    -
Cedar Inclusive Finance Trust 5       Series A2 PTC      CAREA- (SO)    29.4    -
Cedar Inclusive Finance Trust 5       Series A1 PTC      CAREAA- (SO)   393.7   -
Chandrapur Municipal Corporation      Issuer Rating      CARE BBB (Is)  -       Reaffirmed
Consulting Engineers Group Ltd.       LT BkFac           CARE A         5       Revised from
                                                                                CARE A-
Consulting Engineers Group Ltd.       LT/ ST Bk Fac      CARE A/A1      345     Revised from
                                                                                CARE A-
Coromandel Infotech India Ltd         LT Bk Fac          -              -       Withdrawn
Cremica Food Industries Ltd           LT Bk Fac          CARE BBB       796.3   Reaffirmed
(Increased from 69.00 Crore)
Dhampur International Pte. Ltd.       LT /ST - Fund      CARE           230     Assigned
                                      based/Non Fund     A-(SO)*/A1
                                      based              (SO)*
* The above rating is based on the credit enhancement in the form of proposed
  unconditional and irrevocable corporate guarantee to be 
  provided by Dhampur Sugar Mills Limited. 
to be provided by Dhampur Su
Durgapur Medical Centre Pvt Ltd       LT Bk Fac          -              -       Withdrawn
Durgapur Medical Centre Pvt Ltd       LT Bk Fac          CARE BBB+      196.2   Reaffirmed
(reduced from 22.85 Crore)
Eco Protection Engineers Pvt Ltd      LT Bk Fac          CARE BBB-      120     Revised from
                                                                                CARE BB+
Eco Protection Engineers Pvt Ltd      LT / ST Bk Fac     CARE BBB-/CARE 761.3   Revised from
                                                         A3                     CARE BB+
(enhanced from 47 Crore)
Elljay Textiles Pvt Ltd               Long -term Bk Fac  CARE B         78.2    -
ISSUER NOT COOPERATING
Emrald Resilient Tyre Manufacturers Pvt LT Bk Fac        CARE BB        147.8   Revised from
Ltd                                                                             CARE BB+
(reduced from 17.45 Crore)
Energy Efficiency Services Ltd        NCD issue (NCD –I) CARE AA        5000    Placed on
                                                                                credit watch
                                                                                with 
                                                                                developing 
                                                                                implications
Energy Efficiency Services Ltd        NCD issue (NCD –   CARE AA        4500    Placed on
                                      II)                                       credit watch
                                                                                with 
                                                                                developing 
                                                                                implications
Energy Efficiency Services Ltd        NCD issue (NCD –   CARE AA        5000    Placed on
                                      III)                                      credit watch
                                                                                with 
                                                                                developing 
                                                                                implications
Energy Efficiency Services Ltd        LT/ ST BkFac       CARE AA /A1+   4900    Placed on
                                                                                credit watch
                                                                                with 
                                                                                developing 
                                                                                implications
Eshwar Trust                          Long -term Bk Fac  CARE BB-       231.7   -
ISSUER NOT COOPERATING
Expat Engineering India Ltd           LT Bk Fac          CARE B+        110     Reaffirmed
Flash Electronics India Pvt Ltd       LT Bk Fac (Buyer’s -              0       Withdrawn
                                      credit)
Flash Electronics India Pvt Ltd       LT Bk Fac          CARE A-        1570    Reaffirmed
(enhanced from 151.91 Crore)
G. K. And Sons Automobiles Pvt Ltd    LT Bk Fac          CARE B+        118.5   Assigned
Ganesha Ecosphere Ltd                 LT Bk Fac          CARE A-        2472.7  Reaffirmed
Garmef                                LT/ ST Bk Fac      -              0       Withdrawn
Green Pearl Engineering Construction  LT Bk Fac          CARE BB+       140     Reaffirmed
Corporation Ltd
Gujarat Chemical Port Terminal Co. LtdLT Bk Fac          CARE AAA       326.3   Assigned
Gujarat Metal Cast Industries Ltd     LT /STBk Fac       CARE BBB-/A3   80      Revised from
                                                                                CARE BBB/CARE
                                                                                A3+ 
(reduced from 10.00 Crore)
Gujarat State Petronet Ltd            LT Bk Fac          CARE AA+       4000    Reaffirmed
Gujarat State Petronet Ltd            LT/ ST Bk Fac      CARE AA+/A1+   28000   Reaffirmed
Gupta Exim India Pvt Ltd              LT Bk Fac          CARE D         4579.2  Reaffirmed
(Reduced from 458.96 Crore)
Gva Industries Pvt Ltd                LT Bk Fac          CARE BB-       80      Reaffirmed
Haveli Marble Pvt Ltd                 LT Bk Fac          CARE BBB-      367.2   Reaffirmed
Ikf Finance Ltd                       NCDs (Proposed)    CARE A-        250     Assigned
India Dye Chem                        LT Bk Fac          CARE BB+       45      Assigned
Industrial Perforation India Pvt Ltd  LT Bk Fac          CARE B+        30      Revised from
                                                                                CARE B
ISSUER NOT COOPERATING
Innovation Trust I Sep 12             Series A PTCs      --             -       Withdrawn
Intermarket (India) Pvt Ltd           LT Bk Fac          CARE BBB       200     Reaffirmed
Jagath Transport                      LT Bk Fac          CARE B+        50      Revised from
                                                                                CARE B
Jhawar International                  LT Bk Fac          CARE D         39.3    -
ISSUER NOT COOPERATING
Juhi Industries Pvt Ltd               LT Bk Fac          CARE D         2191    Revised from
                                                                                CARE BB
(reduced from 230.0 Crore)
Jupiter International Ltd             LT Bk Fac          CARE BB-       815.9   Revised from
                                                                                CARE B
(reduced from 91.59 Crore)
Jupiter International Ltd             LT/ST Bk Fac       CARE BB-/A4    128.7   Revised from
                                                                                CARE B
Kaleshwarwar And Sons                 LT Bk Fac          CARE B+        55      Assigned
Kanara Hardwares                      LT Bk Fac          CARE BB-       51      -
ISSUER NOT COOPERATING
Kanoria Chemicals & Industries Ltd.   Instrument                        -
Kanoria Chemicals & Industries Ltd.   LT Bk Fac          -              -       Withdrawn*
*facility (term loan) has been fully paid off
Kanoria Chemicals & Industries Ltd.   LT Bk Fac          CARE A+        100     Reaffirmed
(reduced from Rs.45.75 Crore)
Kanoria Chemicals & Industries Ltd.   Long/ST Bk Fac     CARE A+/A1+    140     Reaffirmed
Karnataka Power Transmission          LT Bk Fac          CARE A-        50000   Reaffirmed
Corporation Ltd
Keerthi Industries Ltd                LT Bk Fac          CARE BBB-      229.8   Reaffirmed
(reduced from Rs.35.25 crore Crore)
Ketan Brother Diamondz Exports        LT -Bk Fac – Fund  -              -       Withdrawn
                                      based
Kie Engineering Pvt Ltd               LT Bk Fac          CARE A-        75      Revised from
                                                                                CARE BBB+
Krishna Hydro Carbons Pvt Ltd         LT Bk Fac          CARE BB        99      Reaffirmed
Kushal Bharat Equipments &            LT Bk Fac (TL)     -              -       Withdrawn
Infrastructure Pvt Ltd
Lakshmi Vacuum Technologies Pvt Ltd   LT Bk FacilityTL                  -       Withdrawn
Lakshmi Vacuum Technologies Pvt Ltd   LT Bk Fac          CARE BB-       50      Reaffirmed
Lord Shiva Trust                      LT Bk Fac          CARE D         96.2    -
ISSUER NOT COOPERATING
M. Ranganathan                        Long -term Bk Fac  CARE B         34      -
ISSUER NOT COOPERATING
Mahavir Agro Foods                    LT Bk Fac          CARE BB-       80.6    Assigned
Mahi Granites Pvt Ltd                 LT Bk Fac          CARE BBB       320     Revised from
                                                                                CARE BBB-
Mahi Granites Pvt Ltd                 LT / ST Bk Fac     CARE BBB/A3+   700     Revised from
                                                                                CARE BBB-
Marda Estates Pvt Ltd                 LT BkFac           CARE BBB-      90.8    Reaffirmed
Meenakshi Infrastructures Pvt Ltd     LT Bk Fac          CARE BB+       3770    Revised from
                                                                                CARE BB-
(enhanced from 305 Crore)
Monsoon Palace Resorts Pvt Ltd        LT Bk Fac          CARE BBB-      71.1    Reaffirmed
Mse Industries                        Long -term Bk Fac  CARE B+        28.9    -
ISSUER NOT COOPERATING
Mulpuri Poultries                     LT Bk Fac          CARE BB-       210     Assigned
Nsl Sez (Hyderabad) Pvt Ltd           LT Bk Fac          CARE BBB- (SO) 1007.5  Reaffirmed
Optival Health Solutions Pvt Ltd      LT BkFac           CARE BBB+      1750    Reaffirmed
Oriental Granites & Crushers          LT Bk Fac          CARE BB-       49.9    Reaffirmed
(Reduced from Rs.5.35 crore Crore)
Paramount Textile Mills Pvt Ltd       Long -term Bk Fac  CARE BB        230     -
ISSUER NOT COOPERATING
Paul & Company                        LT Bk Fac          CARE BB-       113.4   Revised from
                                                                                CARE BB-
(Reduced from 11.99 Crore)
Pinnacle Industries Ltd               LT Bk Fac          CARE BBB       613.9   Reaffirmed
(enhanced from Rs.48.34 crore Crore)
Pinnacle Industries Ltd               TL against         CARE BBB+ (SO) 67.9    Reaffirmed
                                      securitisation of
                                      lease rent receivables
(reduced from Rs.11.55 crore Crore)
Pragat Akshay Urja Ltd                LT Bk Fac          CARE B+        60      -
ISSUER NOT COOPERATING
Praveen Spinners India Pvt Ltd        LT Bk Fac^         CARE A- (SO)   238.6   Revised from
                                                                                CARE BBB+
(reduced from 37.76 Crore)
Rajasthan Liquors Ltd                 Long- Term BkFac   CARE BBB+      516.4   -
ISSUER NOT COOPERATING
Rakesh Construction Company           LT Bk Fac          CARE BB+       50      Reaffirmed
Rakesh Construction Company           LT/ST Bk Fac       CARE BB+/A4    100     Reaffirmed
Ram Krushna Cotton Industries         LT Bk Fac          CARE BB-       90      Reaffirmed
Ramakrishna Hospitals Pvt Ltd         LT BkFac           CARE BB -      389.2   Revised from
                                                                                CARE BB -
(Reduced from 39.82 Crore)
Ramky Elsamex Hyderabad Ring Road Ltd LT Bk Fac          CARE D         1969.9  Reaffirmed
Real Spintex Pvt Ltd                  LT Bk Fac          CARE BB+       531.3   Revised from
                                                                                CARE BB-
Reliance Mediaworks Financial ServicesNCDs*              CARE AA+ (SO)  6500    Assigned
Pvt Ltd
*The NCDs are proposed to be backed by credit enhancement in the form of a
 Corporate Guarantee issued by Reliance Capital Ltd. (RCL), rated ‘CARE AA+’ 
 (Double A Plus) (Credit watch with developing implications), in favour of the NCD
investors. 
Ritemed Pharma Retail Pvt Ltd         LT BkFac           CARE BBB+      250     Reaffirmed
Rkn Projects Pvt Ltd                  LT Bk Fac          CARE BB-       260     Reaffirmed
Rohan Rajdeep Highways Ltd            LT Bk Fac          CARE BBB+ (SO) 679.8   Reaffirmed
(reduced from 72.34 Crore)
Rohan Rajdeep Katol Byepass           LT Bk Fac          CARE BBB- (SO) 233.3   Reaffirmed
Infrastructure
(reduced from 24.55 Crore)
Rohan Rajdeep Rajasthan Infra ProjectsLT Bk Fac          CARE BBB+ (SO) 869     Reaffirmed
Ltd
(reduced from 118.14 Crore)
Rohan Rajdeep Tollways Ltd            LT Bk Fac          CARE BBB+      1280.1  Reaffirmed
(reduced from 171.55 Crore)
Rohan Rajdeep Warora Rob InfrastructurLT Bk Fac          CARE BBB- (SO) 195     Reaffirmed
(reduced from 21.07 Crore)
Rts Power Corporation Ltd             LT/ST BkFac        CARE BB/A4     840.7   Assigned
Satish Motors Pvt Ltd                 LT Bk Fac          CARE B+        200     Reaffirmed
Savas Engineering Company Pvt Ltd     LT BkFac           CARE BBB+ (SO) 30      Revised from
                                                                                CARE A-
Savas Engineering Company Pvt Ltd     LT/ST BkFac        CARE BBB+ (SO) 45      Revised from
                                                         / A3+ (SO)             CARE A-
Selga Steel Industries Pvt Ltd        Long -term Bk Fac  CARE B+        80      -
ISSUER NOT COOPERATING
Servewell House Hold Appliances       LT BkFac/ ST Bk    CARE BBB-/A3   45      Reaffirmed
                                      Fac
Shiv Edibles Ltd                      LT Bk Fac          CARE BBB       400     Reaffirmed
Shri Ram Charitable Trust             LT Bk Fac          CARE BB        136.3   -
ISSUER NOT COOPERATING
Shri Vaari Electricals Pvt Ltd        LT Bk Fac          CARE BBB-      70      Assigned
Shri Vaari Electricals Pvt Ltd        LT /ST Bk Fac      CARE BBB-/A3   250     Assigned
Shubh Rice Exports Pvt Ltd            LT Bk Fac          CARE BB-       120.4   Rating
                                                                                revised from
                                                                                CARE B+
ISSUER NOT COOPERATING
Silver Spark Apparel Ltd              LT Bk Fac – Fund   CARE A         770     Reaffirmed
                                      Based
Silver Spark Apparel Ltd              LT Bk Fac – TL     CARE A         94      Reaffirmed
Singhal Commodities Pvt Ltd           LT Bk Fac          CARE BB        150     -
ISSUER NOT COOPERATING
Singhal Commodities Pvt Ltd           LT/ST Bk Fac       CARE BB/A4     50      -
ISSUER NOT COOPERATING
Slmi Infra Projects Pvt Ltd           LT Bk Fac          CARE BB        150     Assigned
Span Pump Pvt Ltd                     LT Bk Fac          CARE BBB-      200     -
ISSUER NOT COOPERATING
Sri Sri Vigneswara Constructions      LT Bk Facility     CARE BB-       120     Reaffirmed
Star Solar Power Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Stylo Tablewares                      LT BkFac/ ST Bk    CARE BBB-/A3   25      Reaffirmed
                                      Fac
Styrax Pharma Pvt Ltd                 LT Bk Fac          CARE BB+       380     -
ISSUER NOT COOPERATING
Sunbeam Dealers Pvt Ltd               LT Bk Fac          CARE B+        100     Assigned
Tagore Educational Trust              LT BkFac           CARE BB+       413.4   -
ISSUER NOT COOPERATING
Talbros Automotives Components Ltd    LT Bk Fac          CARE A-        1089.6  Revised from
                                                                                CARE BBB+
Talbros Automotives Components Ltd    Medium term        CARE A- (FD)   100     Assigned
                                      instrument (Fixed
                                      Deposits)
Taril Infrastructure Ltd              LT BkFac           CARE BBB+ (SO) 5       Revised from
                                                                                CARE A-
Taril Infrastructure Ltd              LT/ST BkFac        CARE BBB+      30      Revised from
                                                         (SO)/A3+ (SO)          CARE A-
Tata International Ltd                LT Bk Fac-Fund     CARE A+        3250    Reaffirmed
                                      based
Tata International Ltd                NCDs               CARE A+        12000   Reaffirmed
Tebma Shipyards Ltd                   Long term BkFac    CARE D         1646.8  -
ISSUER NOT COOPERATING
Teerthanker Mahaveer Institute Of     LT Bk Fac          -              -       Withdrawal
Management & Technology
Transformers & Rectifiers (India) Ltd LT Bk Fac          CARE BBB+      850.2   Revised from
                                                                                CARE A-
Transformers & Rectifiers (India) Ltd LT/ ST Bk Fac      CARE BBB+/A3+  9360    Revised from
                                                                                CARE A-
Trishul Dream Homes Ltd               LT Bk Fac          CARE BB-       150     -
ISSUER NOT COOPERATING
Trishul Dream Homes Ltd               LT/ST Bk Fac       CARE BB-/A4    270     -
ISSUER NOT COOPERATING
Universal Auto Gears Llp              LT Bk Fac          CARE B         122     Reaffirmed
(Enhanced from 7.84 Crore)
Universal Extrusions                  LT Bk Fac          CARE B+        58.7    Assigned
Universal Infra & Agri Oils Pvt. Ltd. LT Bk Fac (TL)     -              -       Withdrawn
Universal Infra & Agri Oils Pvt. Ltd. LT Bk Fac (TL)     CARE BB+       17.5    Reaffirmed
Universal Infra & Agri Oils Pvt. Ltd. LT Bk Fac (FB Fac) CARE BB+       200     Reaffirmed
Unnati Fortune Hotmart Pvt Ltd        LT Bk Fac          CARE D         250     -
ISSUER NOT COOPERATING
Vivriti Krishi 003 2018               Series A1 PTC      Provisional    226.9   Assigned
                                                         CARE A- (SO)
Vivriti Krishi 003 2018               Series A2 PTC      Provisional    10.6    Assigned
                                                         CARE BBB (SO)
--------------------------------------------------------------------------------------------
$: 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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  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below