March 29, 2019 / 9:53 AM / 6 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, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Abc Transformers Pvt Ltd              ST Bk Fac          CARE A4        30      Reaffirmed
(Reduced from 4.50 Crore)
Associated Industrial Furnaces Pvt LtdST Bk Fac          CARE A4        135     Assigned
Automobile Corporation Of Goa Ltd     ST Bk Fac          CARE A1+       30      Reaffirmed

Bhawar Sales Corporation              ST Bk Fac          CARE A3        220     Assigned
Bridal Jewellery Manufacturing CompanyST Bk Fac          CARE A4+       250     Reaffirmed
Cargo Motors (Rajasthan) Pvt Ltd      ST Bk Fac          CARE A3        100     Reaffirmed
Chemrow India Pvt Ltd                 ST Bk Fac          CARE A4        285     -
(Issuer not cooperating) Based on Best available information
Colourtex Industries Pvt Ltd          CP (Carved out of  CARE A1+       1000    Reaffirmed
                                      Sanctioned fund
                                      based working capital limits)
Coromandel Electric Co. Ltd           ST Bk Fac          CARE A3+       150     Reaffirmed
Dakshin Gujarat Vij Co. Ltd           ST Bk Fac          CARE A1+       300     Reaffirmed
Gajmukh Mercantile Pvt Ltd            ST Bk Fac          CARE A4        37.1    Reaffirmed
Gvk Power (Goindwal Sahib) Ltd        ST Bk Fac          CARE D         405     Reaffirmed
Gjs Infratech Pvt Ltd                 ST Bk Fac          CARE A3        600     Reaffirmed
(Rs. 60.00 crore Crore)
Gspc Lng Ltd                          STBk Fac           CARE A3+       16013.9 Revised from
                                                                                CARE A2+
Gujarat Energy Transmission CorporatioST BkFac           CARE A1+       8330    Reaffirmed
Ltd
Gujarat State Electricity Corporation ST BkFac           CARE A1+       20141.5 Reaffirmed
Ltd
(Reduced from Rs.3,014.15 crore Crore)
Jbf Indutries Ltd                     ST Bk Fac          CARE D         16000   -
(Issuer not cooperating); Based on best available information
Gujarat Urja Vikas Nigam Ltd          ST BkFac           CARE A1+       31699.5 Reaffirmed
(Enhanced from Rs.3,019.95 crore Crore)
Gvk Transportation Pvt Ltd            ST Bk Fac          CARE A4        282     Reaffirmed
Hi-Tech Elastomers Ltd                ST Bk Fac          CARE A4        10      -
(Issuer not cooperating); Based on best available information
Idfc First Bank Ltd                   ST debt instrumentsCARE A1+       80000   Assigned
Impetus Infotech (India) Pvt Ltd      ST BkFac           CARE A1        300     Reaffirmed
(Enhanced from Rs.14.50 crore Crore)
Indus Tubes Ltd                       ST BkFac           CARE A4        190     Reaffirmed
Jcc Infratech Pvt Ltd                 STBk Fac           CARE A4        67.5    Reaffirmed
Kanin India Ltd                       ST Bk Fac          CARE A3        52      Reaffirmed
Madhya Gujarat Vij Co. Ltd            ST BkFac           CARE A1+       370     Reaffirmed
My Auto World (Kanpur) Pvt Ltd        ST BkFac           CARE A4        68      -
(Issuer not cooperating); Based on best available information
Om India Trading Company Pvt Ltd      ST Bk Fac          CARE A3        30      Reaffirmed
Ozon Vitrified Pvt Ltd                ST Bk Fac          CARE A4        28      -
Issuer not co operating; Based on Best Available Information
Paschim Gujarat Vij Co. Ltd           ST BkFac           CARE A1+       900     Reaffirmed
Power Finance Corporation Ltd         ST Borrowing       CARE A1+       70000   Assigned
                                      Programme for FY-20
Power Finance Corporation Ltd         CP Issue for FY20  CARE A1+       180000  Assigned
Purple Creations Pvt Ltd              ST Bk Fac          CARE A4        2.5     Reaffirmed
R D Samant Contractors Pvt Ltd        ST Bk Fac          CARE A4+       70      Assigned
Raajratna Energy Holdings Pvt Ltd     ST Bk Fac          CARE A4+       30      Reaffirmed
(reduced from 3.50 Crore)
Retail Light Techniques India Ltd     ST Bk Fac          CARE A3        150     Reaffirmed
Rika Global Impex Ltd                 ST Non Fund Based  CARE A3        200     Reaffirmed
                                      Bk Fac
S&Ib Services Pvt Ltd                 ST Bk Fac          CARE A2+       401.4   -
(Issuer not cooperating); Based on best available information
Saisanket Enterprises                 ST Fac             CARE A4+       28      -
(Issuer not cooperating); 
Revised from CARE A3 (CARE AThree); Based on best available information
Salient Ceramic                       ST Bk Fac          CARE A4        16.5    -
(Issuer not cooperating); based on best available information
Shakti Precision Components (India) Pvt ST Bk Fac        CARE A2        100     Revised from
Ltd                                                                             CARE A3+
(enhanced from 2.0 Crore)
Shreem Electric Ltd                   ST Bk Fac – Non    CARE A3+       6850    Revised from
                                      Fund Based                                CARE A2
Sita Ram And Company Pvt Ltd          ST BkFac           CARE A3        600     Reaffirmed
Snj Synthetics Ltd                    ST Bk Fac          CARE A4        125.5   Reaffirmed
Sushil Kumar Sanjay Kumar             ST BkFac           CARE A4        50      Assigned
Theon Pharmaceuticals Ltd             ST Bk Fac          CARE A2        224     -
(Issuer not cooperating); 
Revised from CARE A2+ (A Two Plus) on the basis of best available information
Total Tools And Equipments Pvt Ltd    ST Bk Fac          CARE A4        24      Assigned
Uttar Gujarat Vij Co. Ltd             ST BkFac           CARE A1+       935     Reaffirmed
Vadodara Gas Ltd                      ST Bk Fac          CARE A2+       250     Reaffirmed
Srm Institute Of Science & Technology ST Bk Fac (Fund    -              -       Withdrawn
                                      based)
Voltbek Home Appliances Pvt Ltd       Proposed Fund      CARE A1 (SO)   3500    Assigned
                                      based STfacility
Voltbek Home Appliances Pvt Ltd       Proposed non fund  CARE A1 (SO)   2500    Assigned
                                      based ST facility

LONG TERM RATINGS:
-------------------
Abc Transformers Pvt Ltd              LT Bk Fac          CARE BB-       50      Reaffirmed
(Enhanced from 3.50 Crore)
Ace Clothing Company Pvt Ltd          LT Bk Fac          CARE B+        8.3     -
Issuer not co operating; Based on Best Available Information
Ace Clothing Company Pvt Ltd          LT/ ST Bk Fac      CARE B+/CARE A460      -
Issuer not co operating; Based on Best Available Information
Anchor Agritech                       LT Bk Fac          CARE D         54.5    -
Issuer not co operating; Based on Best Available Information
Arulmigu Karpaga Vinayaga Educational LT Fac             CARE BB-       16.3    Reaffirmed
Trust
Ashiana Housing Ltd                   Issuer Rating      CARE A (Is)    -       Reaffirmed
Ashok Aggarwal And Sons               LT Bk Fac          CARE B+        210     Assigned
Associated Industrial Furnaces Pvt LtdLT Bk Fac          CARE B+        115     Assigned
Automobile Corporation Of Goa Ltd     LT Bk Fac          CARE AA        100     Reaffirmed
Bhawar Sales Corporation              LT Bk Fac          CARE BBB-      200     Assigned
Bholaram Education Society            LT Bk Fac          CARE D         69.7    -
(Issuer not cooperating); Based on best available information
Br Designs Pvt Ltd                    LT Bk Fac          CARE BB        90.4    Reaffirmed
Br Designs Pvt Ltd                    LT/ ST Bk Fac      CARE BB/CARE A4166.7   Reaffirmed
Cent Bank Home Finance Ltd            LT Bk Fac          CARE BBB+      657.3   Reaffirmed
(reduced from 100.04 Crore)
Cent Bank Home Finance Ltd            NCDIssue (Tier-II) CARE BBB+      300     Reaffirmed
Chemrow India Pvt Ltd                 LT Bk Fac          CARE BB-       50      -
(Issuer not cooperating) Based on Best available information
Colourtex Industries Pvt Ltd          Long- Term BkFac   CARE AA-       174.2   Reaffirmed
Colourtex Industries Pvt Ltd          LT/STBk Fac        CARE AA-/CARE  4450    Reaffirmed
                                                         A1+
Coromandel Electric Co. Ltd           LT Bk Fac          CARE BBB+      100     Reaffirmed
Crest Promoters Pvt. Ltd.             LT Bk Fac          -              -       Withdrawn
D. Nareshkumar Exports Pvt Ltd        LT – Fund based    CARE D         410     Revised from
                                                                                CARE BB+
(ISSUER NOT COOPERATING)
Dakshin Gujarat Vij Co. Ltd           LT Bk Fac          CARE AA-       5750    Reaffirmed
Dakshin Gujarat Vij Co. Ltd           Long /ST BkFac     CARE AA-/CARE  605     Reaffirmed
                                                         A1+
Dhareshwar Ginning Industries         LT Bk Fac          CARE B+        62.4    -
(Issuer not cooperating); Based on best available information
Dhruv Wellness Ltd                    LT Bk Fac          CARE BB        150     -
(Issuer not cooperating); Based on best available information
Dullat Resort                         LT Bk Fac          CARE D         70      -
(Issuer not cooperating);Revised from CARE B;on the basis of best available information
Ecl Finance Ltd                       NCD                CARE AA        10000   Assigned
Emami Frank Ross Ltd                  LT Bk Fac          CARE BBB       450     Reaffirmed
Emcor Packaging Pvt Ltd               LT Bk Fac          CARE B+        117     Assigned
Essel Devanahalli Tollway Pvt Ltd     LT Bk Fac (Senior  CARE A-        2490.6  Reaffirmed
(Formerly Navayuga Devanahalli TollwayDebt)
Pvt Ltd)
(reduced from Rs.253.26 crore Crore)
Essel Devanahalli Tollway Pvt Ltd     LT Instrument- NCD CARE A-        3654.7  Reaffirmed
(Formerly Navayuga Devanahalli Tollway
Pvt Ltd)
Essel Devanahalli Tollway Pvt Ltd     LT Bk Fac          CARE BBB+      2045.5  Reaffirmed
(Formerly Navayuga Devanahalli Tollway(Subordinate Debt)
Pvt Ltd)
(enhanced from Rs.202.57 crore Crore)
Essel Dichpally Tollway Pvt Ltd       LT Bk Fac          CARE BBB       1250    Reaffirmed
(Formerly Navayuga Dichpally Tollway
Pvt Ltd)
(reduced from 144 Crore)
Fugro Survey (India) Pvt Ltd          LT Fund Based      -              -       Withdrawn
                                      Bk Fac
Fugro Survey (India) Pvt Ltd          LT/ ST Non Fund    -              -       Withdrawn
                                      Based Bk Fac
Gajmukh Mercantile Pvt Ltd            LT/ST BkFac        CARE B/CARE A4 80      -
Long term rating revised from
CARE B+; and Short
term rating reaffirmed
Gjs Infratech Pvt Ltd                 LT Bk Fac          CARE BBB-      250     Reaffirmed
(Rs. 25.00 crore Crore)
Goel Roadways                         LT Bk Fac          CARE B+        60      -
(Issuer not cooperating); on the basis of best available information
Gspc Lng Ltd                          LT BkFac           CARE BBB+      10486.1 Revised from
                                                                                CARE A-
Gspc Lng Ltd                          LT/STBk Fac        CARE BBB+/CARE 1500    Revised from
                                                         A3+                    CARE A-
Gujarat Energy Transmission Corporation LT BkFac         CARE AA-       20057.6 Reaffirmed
Ltd
(Reduced from Rs.4,809.83 crore Crore)
Gujarat Energy Transmission Corporation Long /ST Bk Fac  CARE AA-/CARE  3230    Reaffirmed
Ltd                                                      A1+
Gujarat State Electricity Corporation LT BkFac           CARE AA-       111611  Reaffirmed
Ltd
(Enhanced from Rs.8,295.91 crore Crore)
Gujarat State Electricity Corporation Long /ST Bk Fac    CARE AA-/CARE  3890    Reaffirmed
Ltd                                                      A1+
Gujarat Urja Vikas Nigam Ltd          LT BkFac           CARE AA-       4240    Reaffirmed
(Enhanced from Rs.250.00 crore Crore)
Gujarat Urja Vikas Nigam Ltd          Long / ShortTerm   CARE AA-/CARE  500     Assigned
                                      BkFac              A1+
Gvk Power (Goindwal Sahib) Ltd        LT Bk Fac          CARE D         24000   Reaffirmed
Gvk Transportation Pvt Ltd            LT Bk Fac          CARE B         50      Reaffirmed
Hes Infra Pvt Ltd                     LT Bk Fac          CARE A-        1668.4  Reaffirmed
(enhanced from Rs.115.24 crore Crore)
Hes Infra Pvt Ltd                     LT/ST Bk Fac       CARE A-/CARE A211240   Reaffirmed
(enhanced from Rs.624.00 Crore)
Hi-Tech Elastomers Ltd                LT Bk Fac          CARE BB        122     -
(Issuer not cooperating); Based on best available information
Hi-Tech Elastomers Ltd                LT/STBk Fac        CARE BB/CARE A4130     -
(Issuer not cooperating); Based on best available information
Honey Jewellery                       LT Bk Fac          CARE B+        100     -
(Issuer not cooperating); Based on best available information
Idfc First Bank Ltd                   LT debt instrumentsCARE AA+       204710  Assigned
Impetus Infotech (India) Pvt Ltd      LT BkFac           CARE A         690.4   Reaffirmed
(Enhanced from Rs.45.92 crore Crore)
Inderdeep Construction Company        LT BkFac           CARE BBB-      200     Reaffirmed
Inderdeep Construction Company        LT / ST Bk Fac     CARE BBB-/CARE 600     Reaffirmed
                                                         A3
(Enhanced from 40.00 Crore)
Indus Tubes Ltd                       LT BkFac           CARE BB        160     Reaffirmed
Jaya Educational Society              LT Bk Fac          CARE BBB-      469     Reaffirmed
Jbf Indutries Ltd                     LT Bk Fac          CARE D         4268.3  -
(Issuer not cooperating); Based on best available information
Jcc Infratech Pvt Ltd                 LT BkFac           CARE B+        50      Reaffirmed
Jd Pharma                             LT Bk Fac          CARE BB-       150     Assigned
Kanin India Ltd                       LT Bk Fac          CARE BBB-      95.2    Reaffirmed
(reduced from 11.14 Crore)
Kanin India Ltd                       LT Bk Fac/ ST Bk   CARE BBB-/CARE 155     Reaffirmed
                                      Fac                A3
Kinjal Chemicals Pvt Ltd              LT Bk Fac          CARE BB        200     -
Issuer not co operating; On the basis of best available information
Kut Energy Pvt Ltd                    LT Fac             -              -       Withdrawn
Lakshya Food India Ltd                LT Bk Fac          CARE BB        260     Reaffirmed
Livpure Pvt Ltd                       LT BkFac           CARE BBB-      150     Reaffirmed
Livpure Pvt Ltd                       LT/ST Bk Fac       CARE BBB-/CARE 75      -
                                                         A3
M. M. Yarns Pvt Ltd                   LT Bk Fac          CARE BB-       1208    -
(Issuer not cooperating); Based on best available information
M. M. Yarns Pvt Ltd                   LT / ST Bk Fac     CARE BB-/CARE  50      -
                                                         A4
(Issuer not cooperating); Based on best available information
Madhav Infracon (Bhopal Vidisha       LT Bk Fac          -              -       Withdrawn
Corridor) Pvt Ltd
Madhav Infracon (Vidisha Kurwai       LT Bk Fac          CARE BB        55      Revised from
Corridor) Pvt Ltd                                                               CARE BBB-
(reduced from 8.46 Crore)
Madhya Gujarat Vij Co. Ltd            LT BkFac           CARE AA-       3668.5  Reaffirmed
(Reduced from Rs.382.14 crore Crore)
Madhya Gujarat Vij Co. Ltd            Long /ST Bk Fac    CARE AA-/CARE  480     Reaffirmed
                                                         A1+
Madhya Pradesh Road Development       Issuer Rating#     CARE A (Is)    -       Reaffirmed
Corporation
# the above ‘Issuer Rating’ is subject to MPRDC maintaining an 
overall gearing not exceeding 0.50x 
Mahavir Sharma                        LT Bk Fac          CARE BB        72.5    Assigned
Mahavir Sharma                        Long / ST BkFac    CARE BB/CARE   150     Assigned
                                                         A4+
Marwar Udhyog                         LT Fac             -              -       Withdrawn
My Auto World (Kanpur) Pvt Ltd        LT BkFac           CARE B         162     -
(Issuer not cooperating); Revised from CARE B+ on the basis of best available information
My Car Nexa Pvt Ltd                   LT BkFac           CARE B         230     -
(Issuer not cooperating); Revised from CARE B+ on the basis of best available information
Nirwan Charitable Trust               LT Bk Fac          CARE BBB-      170.7   Reaffirmed
Nsl Properties Pvt Ltd                LT Bk Fac          CARE BB+       1908.2  Revised from
                                                                                CARE BBB-
Om India Trading Company Pvt Ltd      LT Bk Fac          CARE BBB-      119.5   Reaffirmed
(reduced from 16.97 Crore)
Om India Trading Company Pvt Ltd      Long term/Short    CARE BBB-/CARE 830     Reaffirmed
                                      termBk Fac         A3
(enhanced from 78.00 Crore)
Om Metals Auto Pvt Ltd                LT BkFac           CARE BBB-      19      Reaffirmed
(reduced from 2.95 Crore)
Om Metals Auto Pvt Ltd                LT/Short term BkFacCARE BBB-/CARE 200     Reaffirmed
                                                         A4
(enhanced from 21.00 Crore)
Ozon Vitrified Pvt Ltd                LT Bk Fac          CARE BB-       85.6    -
Issuer not co operating; Based on Best Available Information
Paschim Gujarat Vij Co. Ltd           LT BkFac           CARE AA-       6446.4  Reaffirmed
(Reduced from Rs.669.66 crore Crore)
Paschim Gujarat Vij Co. Ltd           Long /ST Bk Fac    CARE AA-/CARE  490     Reaffirmed
                                                         A1+
Peekay Rolling Mills Pvt Ltd          LT Bk Fac          CARE BBB+/     186     Reaffirmed
(enhanced from Rs. 13.00 crore Crore)
Peekay Rolling Mills Pvt Ltd          LT/ST Bk Fac       CARE BBB+/CARE 544     Reaffirmed
                                                         A2
(reduced from Rs. 60.00 crore Crore)
Perfect Footwear                      LT Bk Fac          CARE BB-       150     Assigned
Pgs Exim Pvt Ltd                      LT Bk Fac          CARE B+        50      Assigned
Pgs Exim Pvt Ltd                      Long/ST Bk Fac     CARE B+/CARE   50      Assigned
                                                         A4
Power Finance Corporation Ltd         LT Borrowing       CARE AAA       560000  Assigned
                                      Programme for FY-20
Progressive Cars Pvt Ltd              LT Bk Fac          CARE B+        144.7   -
(Issuer not cooperating); on the basis of best available information
Purple Creations Pvt Ltd              LT Bk Fac          CARE BB-       137.3   Reaffirmed
R D Samant Contractors Pvt Ltd        LT Bk Fac          CARE BB+       135     Assigned
Raajratna Energy Holdings Pvt Ltd     LT Bk Fac          CARE BB+       55.2    Reaffirmed
(reduced from 27.49 Crore)
Ratna Cottex                          LT Bk Fac          CARE B+        56      -
(Issuer not cooperating); Based on best available information
Rau Pithampur Infrastructure Pvt Ltd  LT/ST Bk Fac #     -              -       Withdrawn
# CARE has noted that the company has surrendered the rated bank guaranteed 
limits and there is no outstanding under the said facility as on date. 
Moreover, State Bank India, vide email dated March 22, 2019, has 
confirmed that the said limits stands cancelled and they do not have any
objection, if CARE withdraws the rating of bank guarantee limit. Taking
cognizance of this, we hereby withdraw our rating for said bank facilities,
with immediate effect. 
Rau Pithampur Infrastructure Pvt Ltd  LT Bk Fac          CARE BBB+      383.9   Reaffirmed
(Reduced from Rs.41.42 Crore Crore)
Retail Light Techniques India Ltd     LT Bk Fac          CARE BBB-      170     Reaffirmed
Rika Global Impex Ltd                 LT/ST Bk Fac       CARE BBB/A3    1850    Reaffirmed
Rmg Developers Pvt Ltd                LT Instruments     CARE B+        500     Revised from
                                      -NonConvertible                           CARE BB
                                      Debenture
Rrb Energy Ltd                        LT Bk Fac          CARE D         950     -
(Issuer not cooperating); Based on best available information
Rrb Energy Ltd                        LT/ST Bk Fac       CARE D         400     -
(Issuer not cooperating); Based on best available information
S&Ib Services Pvt Ltd                 LT Bk Fac          CARE BBB+      248.4   Outlook
                                                                                revised from
                                                                                Positive
(Issuer not cooperating); Based on best available information
Saisanket Enterprises                 LT BkFac           CARE BB+       60      -
(Issuer not cooperating); 
Revised from CARE BBB-;Based on best available information
Salient Ceramic                       LT Bk Fac          CARE B+        62.9    -
(Issuer not cooperating); rating revised from CARE BB-; based on best available Information
Sambhav Exim                          Long- term Bk Fac  CARE D         89.7    -
Issuer not co-operating; Based on best available information
Sambhav Exim                          Long- term/ ST Bk  CARE D/CARE D  60      -
                                      Fac
Issuer not co-operating; Based on best available information
Samunnati Financial Intermediation &  LT BkFac-TL        CARE BBB-      400     Reaffirmed
Services Pvt Ltd
Samunnati Financial Intermediation &  NCD                CARE BBB-      450     Reaffirmed
Services Pvt Ltd
Santosh Pulse Mill                    LT Bk Fac          CARE B+        60      -
(Issuer not cooperating); Based on best available information
Shakti Precision Components (India) PvLT BkFac           CARE BBB+      1361.2  Reaffirmed
Ltd
(enhanced from 103.18 Crore)
Shiv Valley Highways Pvt Ltd          LT Bk Fac – Fund   CARE A- (SO)   6960    Revised from
                                      based                                     CARE A
Shiv Valley Highways Pvt Ltd          LT Bk Fac – Non    CARE A- (SO)   740     Revised from
                                      Fund based                                CARE A
Shreem Electric Ltd                   LT Bk Fac – Fund   CARE BBB       3150    Revised from
                                      Based                                     CARE BBB+
Shri Jambeshwar Gums                  LT Fac             -              -       Withdrawn
Shubham Rice Udyog                    LT Bk Fac          CARE B+        58      Assigned
Singhania Buildcon Pvt Ltd            LT Bk Fac          CARE BBB-      500     Assigned
Sita Ram And Company Pvt Ltd          LT BkFac           CARE BBB-      40      Reaffirmed
Snj Synthetics Ltd                    LT Bk Fac          CARE BB        357.4   Revised from
                                                                                CARE BB
(reduced from Rs.37.27 crore Crore)
Sparsh Fabrics Pvt Ltd                LT Bk Fac          CARE BB        165.2   Reaffirmed
(Reduced from Rs.17.48 crore Crore)
Spes Hospital                         LT Bk Fac          CARE D         58.3    -
(Issuer not cooperating);Revised from CARE B; on the basis of best available information
Spr Buildtech Ltd                     LT Bk Fac          CARE BB+       55      Assigned
Srm Institute Of Science & Technology LT Bk Fac (TL)     -              -       Withdrawn
Srm Institute Of Science & Technology LT Bk Fac          -              -       Withdrawn
                                      (Non-Fund based)
Starchem Polytrade Pvt Ltd            LT/ST Bk Fac       CARE B+/CARE   277.5   Reaffirmed
                                                         A4
Starlon Exim Pvt Ltd                  LT/ ST Bk Fac      CARE B+/CARE A4300     Reaffirmed
Suresh Kumar Mittal                   LT Bk Fac          -              -       Withdrawn
Sushil Kumar Sanjay Kumar             LT/STBk Fac        CARE BB-/CARE  100     Assigned
                                                         A4
Swaraj India Industries Ltd           LT Bk Fac          CARE BBB+      1336.2  -
(Issuer not cooperating). Based on best available information
Swaraj India Industries Ltd           LT/ ST Bk Fac      CARE BBB+      250     -
(Issuer not cooperating). Based on best available information
Tarang Jewels Pvt Ltd                 LT Bk Fac          CARE B-        75      Revised from
                                                                                CARE B
Tarendra Infrastructure Chennai Pvt Ltd NCD Tranche II    CARE C        700     Revised from
                                                                                CARE B
Tarendra Infrastructure Chennai Pvt Ltd NCD Tranche I     CARE D        300     Revised from
                                                                                CARE B
Tathastu Spintex Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Tathastu Spintex Pvt Ltd              LT/ ST Bk Fac      -              -       Withdrawn
Thakur Industries                     LT Bk Fac          CARE BB        140     Reaffirmed
(reduced from 16.90 Crore)
Theon Pharmaceuticals Ltd             LT Bk Fac          CARE BBB+      470.9   -
(Issuer not cooperating); 
Revised from CARE A-; on the basis of best available information
Tirupati Trading Corporation          LT Bk Fac          CARE B+        80      -
(Issuer not cooperating); Based on best available information
Total Tools And Equipments Pvt Ltd    LT Bk Fac          CARE BB        126     Assigned
Ultra Space Developers Pvt Ltd        LT Bk Fac- TL      CARE D         2000    -
(Issuer not cooperating); Based on best available information
Uttar Gujarat Vij Co. Ltd             LT BkFac           CARE AA-       2750    Reaffirmed
Uttar Gujarat Vij Co. Ltd             Long /ST Bk Fac    CARE AA-/CARE  797.5   Reaffirmed
                                                         A1+
Vadodara Gas Ltd                      LT Bk Fac          CARE A-        872     Reaffirmed
(enhanced from Rs.75.00 Crore)
Valliammai Society                    LT Bk Fac (Fund    -              -       Withdrawn
                                      based)
Vasani Cold Chains Pvt Ltd            LT Bk Fac          CARE B+        65.3    -
(Issuer not cooperating); Based on best available information
Voltbek Home Appliances Pvt Ltd       Proposed Fund      CARE A (SO)    2750    Assigned
                                      based-LTfacility
Voltbek Home Appliances Pvt Ltd       Proposed           CARE A (SO)    500     Assigned
                                      non-fundbased
                                      LTfacility
Voltbek Home Appliances Pvt Ltd       LT/shortterm fund  CARE A         750     Assigned
                                      basedfacility      (SO)/CARE A1
                                                         (SO)
West End Housing Finance Ltd          LT Bk Fac          CARE BBB-      1000    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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  • 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