March 6, 2018 / 6:50 AM / 3 months ago

CARE ratings for Indian debt instruments-Mar 6

    Mar 6 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of March 5, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Affluence Commodities Pvt Ltd         ST Bk Fac          CARE A4+       25      -
Issuer Not Cooperating
Affluence Shares And Stocks Pvt Ltd   ST BkFac           CARE A4+       10      -
Issuer Not Cooperating

Alankit Assignments Ltd               ST Bk Fac          CARE A3        43      Revised from
                                                                                CARE A4+
Alfa Ica (India) Ltd                  ST Bk Fac          CARE A3        0.3     Reaffirmed
Allied Engineers (Karnal)             ST BkFac           CARE A4        5       -
Issuer not cooperating;Based on best available information
Avanse Financial Services Ltd         CP Issue           CARE A1+       300     Assigned
(Rupees three hundred crore only Crore)
Axis Electrical Components (India) PvtST Bk Fac- Non     CARE A3+       43257   Revised from
Ltd                                   Fund Based                                CARE A2
Brooks Laboratories Ltd               ST BkFac           CARE A3        2.5     Revised from
                                                                                CARE A3+
Buildmate Projects Pvt Ltd            ST Bk Fac          CARE A4        9       -
Issuer Not Cooperating
Buildon                               ST BkFac           CARE A4        4       Reaffirmed
Coromandel Electric Co. Ltd           ST Bk Fac          CARE A3+       15      Reaffirmed
Deep Lumbers Pvt Ltd                  ST Bk Fac          CARE A4        7.5     -
Issuer not cooperating, Based on best available information
Deep Timbers Pvt Ltd                  ST Bk Fac          CARE A4        7.5     -
Issuer not cooperating, Based on best available information
Devu Tools Pvt Ltd                    ST Bk Fac          CARE A4        17      Reaffirmed
(enhanced from Rs.16.11 crore Crore)
Educational Development Trust         ST Bk Fac          CARE A3        2       Reaffirmed
Ensemble Infrastructure India Ltd     ST Bk Fac          CARE A4+       15      Assigned
Federal-Mogul Goetze (India) Ltd      ST Bk Fac          CARE A1+       69.5    Revised from
                                                                                A1
Flemingo Duty Free Shop Pvt Ltd       ST Bk Fac          CARE A2+       15      -
(Enhance from Rs.8.00 crore Crore),Placed on credit watch with developing implications
Fullerton India Credit Co. Ltd        CP                 CARE A1+       2000    Reaffirmed
(enhanced from Rs.1,000 Crore)
Future Enterprises Ltd.               Commercial Paper   CARE A1+       150     Reaffirmed
                                      (Carved Out of the
                                      Working Capital)
Garg Casteels Pvt Ltd                 ST Bk Fac          CARE A4        3       -
Issuer Not Cooperating
Global Ceramics Pvt Ltd               ST Bk Fac          CARE A4+       6       Reaffirmed
Him Alloys And Steel Pvt Ltd          ST Bk Fac          CARE D         3.5     -
Issuer not cooperating
Him Steel Pvt. Ltd                    ST Bk Fac          CARE D         5       -
Issuer not cooperating
Himadri Speciality Chemical Ltd.      ST Bk Fac          CARE A1+       445     Reaffirmed
Hindusthan Ispat Pvt Ltd              ST Bk Fac          CARE A4        15      -
Issuer Not Cooperating
K. Sevantilal & Company               ST Bk Fac          CARE A3        25.1    Reaffirmed
Kalika Steel Alloys Pvt Ltd           ST Bk Fac          CARE A3        90      -
Issuer not cooperating; Based on the best available information
Kanchanjungha Agro Product Pvt. Ltd.  ST Bk Facility     CARE A4        0.5     Assigned
Knack Technopack                      ST Bk Fac          CARE A4        0.35    -
Issuer not cooperating;Based on best available information
Mak Controls And Systems Pvt Ltd      ST Bk Fac          CARE A2        6       Reaffirmed
Mascot Cement (India) Pvt Ltd         Short- term BkFac  CARE A4        1       -
Issuer Not Cooperating
Mediplus (India) Ltd                  ST Bk Fac          CARE A3        13.05   Revised from
                                                                                CARE A3+
(Enhanced from 7.25 CR)
Mercator Oil And Gas Ltd              ST BkFac           CARE A3+ (SO)  124     Reaffirmed
My Auto World (Kanpur) Pvt Ltd        ST Bk Fac          CARE A4        6.8     Assigned
Nirlep Appliances Pvt Ltd             ST Bk Fac          CARE A4        5       Revised from
                                                                                CARE A4+
P.N. Gadgil Jewellers Pvt Ltd         ST Bk Fac          -              -       Withdrawn
Pace Process Controls Pvt Ltd         ST Bk Fac          CARE A4        9       -
Issuer not cooperating;Based on best available information
Power Engineering Corporation         ST Bk Fac          CARE A4        4       Revised from
                                                                                CARE A4
Issuer Not Cooperating
Pradeep Industrial Packers Pvt Ltd    ST Bk Fac          CARE A4        11.05   Reaffirmed
Ramesh Textiles India Pvt Ltd         ST Bk Fac          CARE A4        0.99    Reaffirmed
Ramkrushna Spinning Mills Pvt Ltd     ST Bk Fac          CARE A4+       2.67    Revised from
                                                                                CARE A4
Ravi Sheet Processors Pvt Ltd         ST Bk Fac          CARE A4        2.25    -
Issuer Not Cooperating
Sanjiv Industries-Khanna              ST Bk Fac          CARE A4        4.75    Assigned
Sevantilal And Sons                   ST Bk Fac          CARE A3        18.1    Re-affirmed
Shairu Gems Diamonds Pvt Ltd          ST Bk Fac –        -              -       Withdrawn
                                      Non-Fund based
Shivpuja Constructions Pvt Ltd        ST Bk Fac          CARE A2        5       Revised from
                                                                                CARE A3+
Shyam Metalics & Energy Ltd           Short termFac      CARE A1+       302     Revised from
                                                                                CARE A1
Shyam Sel & Power Ltd                 STFac              CARE A1+       315     Revised from
                                                                                CARE A1
Shlogam Agro Pvt Ltd                  ST Bk Fac (fund    CARE D         30      -
                                      based)
Issuer not cooperating; Basedon best available information.
Sree Ganesh Constructions             ST Bk Fac          CARE A4        5       Reaffirmed
Sreenivasa Mechanical Works           ST Bk Facility     CARE A4        3       Assigned
Sun Food Overseas                     ST Bk Fac          CARE A4        3       Reaffirmed
Sunkraft Designs                      ST Bk Fac          CARE A4        0.05    Reaffirmed
Suraksha Asset Reconstruction Pvt Ltd CP (CP) issue      CARE A1+(SO)*  600     Assigned
*to be backed by credit enhancement in the form of unconditional and irrevocable corporate
guarantee by Lakshdeep Investments and Finance Private Limited. (LIFPL, guarantor). 
Teeknits                              ST BkFac           CARE A4        7.4     Reaffirmed
Turning Point                         ST Bk Fac          CARE A4        4       Reaffirmed
Ved Prakash And Sons Lumbers Pvt Ltd  ST BkFac           CARE A4        12.5    -
Issuer not cooperating;Based on best available information
Wires & Fabriks (Sa) Ltd.             ST Bk Fac          CARE A3+       7.75    Reaffirmed
Wockhardt Hospitals Ltd               ST Bk Fac          CARE A3        50      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Trancity Finance Ltd                  Fixed Deposit      CARE B+ (FD)   1.47    Reaffirmed
                                      programme
Bell Leasing And Hire Purchase Ltd    Fixed Deposits     -              -       Withdrawn

LONG TERM RATINGS:
-------------------
Aditya Oil Industries                 Long- term BkFac   CARE BB-       11.53   Assigned
Agrawal Education Foundation          LT Bk Fac          CARE BB-       7.97    Reaffirmed
Alankit Assignments Ltd               LT Bk FacTL        -              14.35   Withdrawn
Alankit Assignments Ltd               LT Bk Fac          CARE BBB-      7.25    Revised from
                                                                                CARE BB+
Alfa Ica (India) Ltd                  LT Bk Fac          CARE BBB       12      Reaffirmed
Allied Engineers (Karnal)             LT BkFac           CARE B+        5       -
Issuer not cooperating;Based on best available information
Anjani Cotton Industries              LTBk Fac           CARE B+        20.12   -
Issuer Not Cooperating
Arihant Plantations Pvt Ltd           LT Bk Fac          CARE BB+       12.53   Revised from
                                                                                CARE BB;
                                                                                Stable (Double
B; Outlook: Stable)
(reduced from 14.30 Crore)
Arinsun Clean Energy Pvt Ltd          LT Bk(Non-fund     CARE A- (SO)   150     Assigned
                                      based)^
Arunachala Spinning Mills India Pvt   LT Bk Fac          CARE B+        25.51   Reaffirmed
Ltd(enhanced from 11.25 Crore)
Axis Electrical Components (India) PvtLT Bk Fac- Fund    CARE BBB       13-13   Revised from
Ltd                                   Based                                     CARE A-
Bal Darbar Spinning Mills Pvt Ltd     LT BkFac           CARE B         6.06    -
Issuer not cooperating; Basedon best available information
Brooks Laboratories Ltd               LT BkFac           CARE BBB-      27.46   Revised from
                                                                                CARE BBB
(enhanced from Rs. 8.00 crore Crore)
Buildmate Projects Pvt Ltd            LT Bk Fac          CARE B+        10.74   Revised from
                                                                                CARE BB-
Issuer Not Cooperating
Buildon                               LT BkFac           CARE BB        1.5     Reaffirmed
Coral Granito Pvt Ltd                 LT Bk Fac          CARE BBB-      36.2    Reaffirmed
(Enhanced from Rs.27.82 Crore Crore)
Coral Granito Pvt Ltd                 LT/ST Bk Fac       CARE BBB-/A3   6.25    Reaffirmed
Coromandel Electric Co. Ltd           LT Bk Fac          CARE BBB+      10      Reaffirmed
Dalmia Cement Bharat Ltd              LT Instruments-    -              -       Withdrawn
                                      NCD
Damson Technologies Pvt Ltd           LT/ ST Bk Fac      CARE BB-/A4    10      -
Issuer not cooperating;Based on best available information
Deep Lumbers Pvt Ltd                  LT Bk Fac          CARE B         1.5     -
Issuer not cooperating, Based on best available information
Deep Timbers Pvt Ltd                  LT Bk Fac          CARE B         3       -
Issuer not cooperating, Based on best available information
Dena Bank                             Perpetual Bonds    CARE A         125     Reaffirmed
Dena Bank                             Tier II Bonds      CARE A+        *780.00 Reaffirmed
                                      (Basel III
                                      compliant)
Dena Bank                             Lower Tier II      CARE A+        200     Reaffirmed
                                      Bonds - Series XI
Dena Bank                             Lower Tier II      CARE A+        1200    Reaffirmed
                                      Bonds – Series XII
Dena Bank                             Tier II Bonds      CARE A+ Plus   400     Reaffirmed
                                      (Basel III
                                      compliant)
Dena Bank                             Basel III          CARE BBB+      1000    Reaffirmed
                                      Compliant
                                      Additional Tier I Perpetual Bonds
Dena Bank                             Basel III          CARE BBB+      400     Reaffirmed
                                      Compliant
                                      Additional Tier I Perpetual Bonds
Devu Tools Pvt Ltd                    LT Bk Fac          CARE BB+       127.05  Revised from
                                                                                CARE BB
(Enhanced from Rs.124.82 Crore)
Duhan Electric Works                  LT BkFac           CARE BB-       6.65    Revised from
                                                                                CARE BB
Issuer not cooperating;Based on best available information
Durga Marble And Minerals             LT/ST Bk Fac       CARE BB/A4     8.4     Reaffirmed
Educational Development Trust         LT Bk Fac          CARE BBB-      15.28   Reaffirmed
Ensemble Infrastructure India Ltd     LT Bk Fac          CARE BB+       3       Assigned
Exotic Hospitality Nagpur Pvt Ltd     LT Bk Fac          CARE B         7.46    Reaffirmed
Federal-Mogul Goetze (India) Ltd      LT Bk Fac          -              -       Withdrawn
(Decreased from Rs 42.20 crore Crore)
Federal-Mogul Goetze (India) Ltd      LT Bk Fac          CARE A+        243.5   Revised from
                                                                                CARE A
Flemingo Duty Free Shop Pvt Ltd       Proposed NCDs (NCD)CARE A         150     -
Placed on credit watch with developing implications
Flemingo Duty Free Shop Pvt Ltd       LT Bk Fac          CARE A         68.95   -
Placed on credit watch with developing implications
Flemingo Duty Free Shop Pvt Ltd       LT/ST BkFac        CARE A/A2+     216.05  -
(Enhance from Rs.81.35 crore Crore),Placed on credit watch with developing implications
Fpl Automobiles Pvt Ltd               LT Bk Fac          CARE B+        13      Assigned
Fullerton India Credit Co. Ltd        NCDs               CARE AAA       3500    Reaffirmed
Fullerton India Credit Co. Ltd        Subordinated Debt  CARE AAA       450     Reaffirmed
Fullerton India Credit Co. Ltd        LT Bk Fac          CARE AAA       1000    Reaffirmed
Future Enterprises Ltd.               Commercial Paper   -              150     Reaffirmed
                                      (Standalone)^
^ As per undertaking submitted by FEL the outstanding CP including working capital borrowings
will not exceed lower of the sanctioned working capital limits or drawing power at any point of
time. 
Future Enterprises Ltd.               CP (Standalone)    -              250     Assigned
G. V. Sutaria Construction            LT Bk Fac          CARE BB+       2       -
Issuer Not Cooperating
Gie Jewels                            LT/Shortterm BkFac CARE A3        10      Reaffirmed
G. V. Sutaria Construction            LT/ ST Bk Fac      CARE BB+/A4+   13      -
Issuer Not Cooperating
Garg Casteels Pvt Ltd                 LT Bk Fac          CARE B         0.2     -
Issuer Not Cooperating
Garg Casteels Pvt Ltd                 LT/ ST Bk Fac      CARE B/A4      12      -
Issuer Not Cooperating
Gie Jewels                            LT BkFac           CARE BBB-      0.05    Reaffirmed
Global Ceramics Pvt Ltd               LT Bk Fac          CARE BB+       43.38   Revised from
                                                                                CARE BB+
(reduced from Rs. 44.00 crore Crore)
Global Denims Pvt Ltd                 LT Bk Fac          CARE BB-       7.58    Revised from
                                                                                CARE B+
Goldbricks Infrastructure Pvt Ltd     LT Bk Fac          CARE BB+       130     -
Issuer not cooperating; Basedon best available information
Gourishankar Cotex                    LT BkFac           CARE BB-       9       Revised from
                                                                                CARE B+
Gupta Engineers And Contractors       LT Bk Fac          CARE BB-       5.5     Assigned
Gupta Engineers And Contractors       LT/ST Bk Fac       CARE BB-/A4    0.5     Assigned
Him Alloys And Steel Pvt Ltd          LT Bk Fac          CARE D         56.19   -
Issuer not cooperating
Him Cylinders Ltd                     LT Bk Fac          CARE D         18      -
Issuer not cooperating
Him Steel Pvt. Ltd                    LT Bk Fac          CARE D         50      -
Issuer not cooperating
Him Valves And Regulators Pvt. Ltd    LT Bk Fac          CARE D         18.14   -
Issuer not cooperating
Himadri Speciality Chemical Ltd.      LT Bk Fac          CARE A+        637.32  Reaffirmed
Himadri Speciality Chemical Ltd.      LT/Shortterm Bk    CARE A+/A1+    106     Reaffirmed
                                      Fac
Hindusthan Ispat Pvt Ltd              LT Bk Fac          CARE BB-       20      Revised from
                                                                                CARE BB
Issuer Not Cooperating
Inled Lightings Llp                   LT Bk Fac          CARE BB-       6       Revised from
                                                                                CARE B+
Jai Shiv Suitings Pvt Ltd             LT BkFac           CARE BB-       10.66   -
Issuer Not Cooperating
Jay Traders                           Long -term BkFac   CARE BB        5       Revised from
                                                                                CARE BB+
Issuer not cooperating
Jkv Multi State Credit Cooperative    LT Bk Fac          -              -       Withdrawn
Society Ltd
Jupiter Laminators Pvt Ltd            LT/ ST Bk Fac      -              -       Withdrawn
K. Sevantilal & Company               LT Bk Fac          CARE           7       Re-affirmed
                                                         BBB-/Outlook:/)
Outlook Revised from Negative
K.G.P. Gold Palace                    LT Bk Fac          CARE B         9       Reaffirmed
K.G.P. Jewellers                      LT Bk Fac          CARE B         11.12   Reaffirmed
K.R. Kumar                            LT Bk Fac          CARE B+        9       Revised from
                                                                                CARE BB-
Issuer not cooperating;Based on best available information
Kalika Steel Alloys Pvt Ltd           LT Bk Fac          CARE BBB-      143.15  -
Issuer not cooperating; Based on the best available information
Kanchanjungha Agro Product Pvt. Ltd.  LT Bk Facility     CARE B+        18.07   Assigned
Knack Polymers                        LT Bk Fac          CARE BB        2       -
Issuer not cooperating; Based on best available Information
Knack Polymers                        LT/ ST Bk Fac      CARE BB/A4     5.25    -
Issuer not cooperating; Based on best available Information
Knack Technopack                      LT Bk Fac          CARE BB-       19.27   -
Issuer not cooperating;Based on best available information
Knack Technopack                      LT/ STBk Fac       CARE BB-/A4    8.5     -
Issuer not cooperating;Based on best available information
Kumar And Company                     LT BkFac           CARE BB-       11.83   -
Issuer not cooperating;Based on best available information*
L.M. Cotex Pvt Ltd                    LT Bk Fac          CARE B+        11.03   Reaffirmed
Leela Business Venture Pvt Ltd        LT Bk Fac          CARE BB-       10.85   Revised from
                                                                                CARE BB
Leela Tradelink Pvt Ltd               LT Bk Fac          CARE BB        17.66   Reaffirmed
(Reduced from 20.25 Crore)
Lohia Auto Industries                 LT Fac             CARE BB+       30      Assigned
Mafatlal Industries Ltd               LT Bk Fac-TL       CARE BBB-      67.5    Revised from
                                                                                CARE BBB
Mafatlal Industries Ltd               LT Bk Fac – FB Fac CARE BBB-      95      Revised from
                                                                                CARE BBB
Mafatlal Industries Ltd               Long /ST Bk Fac –  CARE BBB-/A3   37.5    Revised from
                                      Fund/Non Fund Based                       CARE BBB/
                                                                                CARE A3+
Mahadevi Silk And Sarees Textile And  LT Bk Facility     CARE B+        10      Assigned
Garments
Mahavir Steel Industries Ltd          LT Bk Fac-I**      -              -       Withdrawal
**CARE has withdrawn the rating assigned to the long term facility – I, with immediate effect as
the company has surrendered the said facility and has provided no due certificate for the same.
Mahavir Steel Industries Ltd          LT Bk Fac- FBL -   CARE BBB+      0.9     Assigned
                                      CC (Proposed)-II
Mak Controls And Systems Pvt Ltd      LT Bk Fac          CARE BBB+      21      Reaffirmed
(enhanced from 13.00 Crore)
Mak Controls And Systems Pvt Ltd      Long/ST Bk Fac     CARE BBB+/A2   23      Reaffirmed
(enhanced from 18 Crore)
Manifold Agricrops Pvt Ltd            LT Bk Fac          CARE BBB       37.47   Revised from
                                                                                CARE BBB+
Issuer not cooperating
Manifold Agricrops Pvt Ltd            LT Bk Fac          CARE BBB       37.47   Revised from
                                                                                CARE BBB+
Issuer not cooperating
Marian Projects Pvt Ltd               LT Bk Fac          CARE B+        37      Revised from
                                                                                CARE BB-
Issuer not cooperating;Based on best available information
Mascot Cement (India) Pvt Ltd         Long- term BkFac   CARE B         12      -
Issuer Not Cooperating
Mediplus (India) Ltd                  LT Bk Fac          CARE BBB       7.7     Revised from
                                                                                CARE BBB
(Enhanced from 3.12 CR)
Mediplus (India) Ltd                  LT/ ST Bk Fac      CARE BBB /CARE 0.75    Revised from
                                                         A3                     CARE BBB /A3+
(Reduced from 3.88 CR)
Medplus Health Services Pvt Ltd       NCD                -              -       Withdrawn
Mercator Oil And Gas Ltd              LT BkFac           CARE BBB+ (SO) 99.2    Reaffirmed
Outlook revised from Stable
Mercator Petroleum Ltd                Long/STBk Fac      CARE BBB+      95      Reaffirmed
                                                         (SO)/A3+ (SO)
Outlook revised from Stable
Mgm Infra Development Solution Pvt LtdLT Bk Fac          CARE D         5.69    -
Issuer not cooperating, Based on best available information
Mohan Motor Udyog Pvt Ltd             LT Bk Fac          CARE B+        60      Revised from
                                                                                CARE BB-
Issuer not cooperating;Based on best available information
My Auto World (Kanpur) Pvt Ltd        LT Bk Fac          CARE B+        16.2    Assigned
My Car Nexa Pvt Ltd                   LT Bk Fac          CARE B+        23      Assigned
Nandagudi Oils And Agro Industries LlpLT Bk Fac          CARE B+        10      -
Issuer not cooperating;Based on best available information
Narayan Spinning Mills Pvt Ltd        LT Bk Fac          CARE BB        9.64    Assigned
Narayan Spinning Mills Pvt Ltd        LT/ST Bk Fac       CARE BB/A4     4.11    Assigned
Nilkanth Cotton Industries            LTBkFac            CARE B         7.32    Revised from
                                                                                CARE B+
Issuer Not Cooperating
Nirlep Appliances Pvt Ltd             LT Bk Fac          CARE BB-       19.97   Revised from
                                                                                CARE BB+
Nspr Constructions India Pvt Ltd      LT Bk Fac          CARE BBB       8.5     Reaffirmed
Nspr Constructions India Pvt Ltd      Long/Short term    CARE BBB/A3+   41.5    Reaffirmed
                                      Bk Fac
P.N. Gadgil Jewellers Pvt Ltd         LT Bk Fac          -              -       Withdrawn
P.N. Gadgil Jewellers Pvt Ltd         LT/ST Bk Fac       -              -       Withdrawn
Pace Process Controls Pvt Ltd         LT Bk Fac          CARE BB-       0.7     Revised from
                                                                                CARE BB
Issuer not cooperating
Palimarwar Solar Project Pvt Ltd      LT Bk Fac          CARE BBB       40.52   Revised from
                                                                                CARE BBB+
Issuer Not Cooperating
Parmarth Wind Energy Pvt Ltd          LT Bk Fac          CARE BBB       36.63   Revised from
                                                                                CARE BBB+
Issuer not cooperating
Pawan Cotton Industries               LT Bk Fac          CARE BB-       6.14    Reaffirmed
Pengg Usha Martin Wires Pvt Ltd       LT Bk Fac          CARE A-        35      Reaffirmed
(enhanced from 19.92 Crore)
Pengg Usha Martin Wires Pvt Ltd       Long/ST Bk Fac     CARE A-/A2     20      Reaffirmed
(enhanced from 10.00 Crore)
Pg Foils Ltd                          LT Bk Fac          CARE A-        40      Reaffirmed
Pg Foils Ltd                          LT/ST Bk Fac       CARE A-/A1     105     Reaffirmed
(Enhanced from Rs.75.00 crore Crore)
Picl Multi State Credit Cooperative   LT Bk Fac          -              -       Withdrawn
Society Ltd
Power Engineering Corporation         LT Bk Fac          CARE B+        2       Revised from
                                                                                CARE BB-
Issuer Not Cooperating
Pradeep Industrial Packers Pvt Ltd    LT Bk Fac          CARE BB        23      Reaffirmed
Pradeep Udyog                         Long- term Bk Fac  CARE D         10      -
Issuer Not Cooperating
Prajapati Developers                  LT Bk Fac          CARE BB-       23      Re-affirmed
Radhe Cotton Company                  LTBkFac            CARE B+        5.58    Revised from
                                                                                CARE BB-
Issuer Not Cooperating
Radhegovindkripa Developers Pvt Ltd   LT Bk Fac          CARE D         61.57   Revised from
                                                                                CARE BB
Ramesh Textiles India Pvt Ltd         LT Bk Fac          CARE BB        0.43    Reaffirmed
Ramesh Textiles India Pvt Ltd         LT/ST Bk Fac       CARE BB/A4     5.95    Reaffirmed
Ramkrushna Spinning Mills Pvt Ltd     LT Bk Fac          CARE BB+       37.19   Revised from
                                                                                CARE BB-
(reduced from 45.23 Crore)
Rattanindia Nasik Power Ltd           LT Bk Fac          CARE D         4240    Reaffirmed
Ravi Sheet Processors Pvt Ltd         LT Bk Fac          CARE B+        7.51    -
Issuer Not Cooperating
Ridhi Sidhi Electrical Engg. And ConstLT Bk Fac          CARE B+        3.5     Revised from
Company                                                                         CARE BB-
Issuer not cooperating;Based on best available information
Ridhi Sidhi Electrical Engg. And ConstLT/ ST Bk Fac      CARE B+ /A4    2.25    Revised from
Company                                                                         CARE BB-
Issuer not cooperating;Based on best available information
Rosemery Solvent Pvt Ltd              LT Bk Fac          CARE B+        18.07   -
Issuer Not Cooperating
Rv Realty                             Long- term Bk Fac  CARE D         9.5     -
Issuer Not Cooperating
S C Enterprises                       LT Bk Fac          CARE D         5       Revised from
                                                                                CARE B+
Issuer not cooperating; Based on the best available information
S. N. Super Speciality Hospital Pvt LtLT BkFac           CARE BB        34      Reaffirmed
Sanjiv Industries-Khanna              LT Bk Fac          CARE B+        1       Assigned
Sapthagiri Educational Trust          LT Bk Fac          CARE BBB+      51.17   Reaffirmed
Sevantilal And Sons                   LT Bk Fac          CARE           9       Re-affirmed
                                                         BBB-/Outlook:/)
Outlook Revised from Negative
Shairu Gems Diamonds Pvt Ltd          LT -Bk Fac – Fund  -              -       Withdrawn
                                      based
Shiv Sundar & Company                 LT Bk Fac          CARE B         13.4    Reaffirmed
Shivpuja Constructions Pvt Ltd        LT Bk Fac          CARE BBB+      17.5    Revised from
                                                                                CARE BBB
Shree Gokulesh Rice Mill              LT BkFac           CARE B         6.56    Revised from
                                                                                CARE B+
Issuer not cooperating, Based on best available information
Shree Industries                      LT Bk Facility     CARE B+        11      Assigned
Shree Rk Industries                   LT Bk Fac          -              -       Withdrawn
Shree Seco Pvt Ltd                    LT BkFac           CARE B-        0.72    Revised from
                                                                                CARE C
Shree Seco Pvt Ltd                    LT/ST Bk Fac       CARE B-/A4     6.5     Long term
                                                                                rating
                                                                                revised from
CARE C /Reaffirmed
Shri Laxmi Narayan Real Ispat Pvt Ltd LT BkFac           CARE B+        10      Revised from
                                                                                CARE B+
Issuer Not Cooperating
Shri Vinayak Enterprises & Property   LT Bk Fac          -              -       Withdrawn
Shyam Metalics & Energy Ltd           Long termFac       CARE A+        304.67  Revised from
                                                                                CARE A
(reduced from 363 Crore)
Shyam Sel & Power Ltd                 LTFac              CARE A+        452.9   Revised from
                                                                                CARE A
(reduced from 575.14 Crore)
Sidhidata Solar Urja Ltd              LT Bk Fac          CARE BBB       22.72   Revised from
                                                                                CARE BBB+
Issuer Not Cooperating
Skill Tech Engineers And Contractors  LT Bk Fac          CARE BB        12      Reaffirmed
Pvt Ltd
Skill Tech Engineers And Contractors  Long Term/Short    CARE BB/A4     37.5    Reaffirmed
Pvt Ltd                               termBk Fac
Sonu Realtors Pvt Ltd                 LT BkFac           CARE BB-       15      Reaffirmed
Sprng Energy Pvt Ltd                  LT Bk (Non-fund    CARE A- (SO)   200     Assigned
                                      based)^
Sree Ganesh Constructions             LT Bk Fac          CARE BB-       3       Reaffirmed
Sreenivasa Mechanical Works           LT Bk Facility     CARE BB-       3.5     Assigned
Sri Balaji Steel Tube Industries      LT BkFac           CARE B+        4       -
Issuer Not Cooperating
Sri Pavithra Cotton Mills Pvt Ltd     LT BkFac           CARE B         16.45   -
Issuer Not Cooperating
Sujana Universal Industries Ltd       LT Bk Fac          CARE D         475.97  -
Issuer Not Cooperating
Sujana Universal Industries Ltd       ST Bk Fac          CARE D         363     -
Issuer Not Cooperating
Sun Food Overseas                     LT Bk Fac          CARE BB-       9.32    Reaffirmed
Sunflag Iron & Steel Co. Ltd          LT Bk Fac          CARE A         472.07  Assigned
Sunflag Iron & Steel Co. Ltd          LT/ST BkFac        CARE A/A1      348.1   Assigned
Sunkraft Designs                      LT Bk Fac/ ST Bk   CARE BB/A4     15      Reaffirmed
                                      Fac
Suruchi Processors Pvt Ltd            LT Bk Fac          CARE BB        6       Reaffirmed
Swaraj Suitings Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Tamil Nadu Civil Supplies Corporation LT Bk Fac (Fund    CARE A- (SO)   20      Placed on
                                      Based)@                                   credit watch
                                                                                with developing
implications
Tanish Industries Pvt Ltd             LT BkFac           CARE BB+       4.88    Assigned
Tanish Industries Pvt Ltd             LT/Shortterm Bk FacCARE BB+/A4+   25      Assigned
Tecnimont Pvt. Ltd                    LT Bk Fac          CARE AA-       45      Reaffirmed
Tecnimont Pvt. Ltd                    Long/ST Bk Fac     CARE AA-/A1+   405     Reaffirmed
(increased from 345 Crore)
Teeknits                              LT BkFac           CARE B+/       0.08    Reaffirmed
Terra Infra Development Ltd           LT/ST Bk Fac       CARE B-/A4     9.28    Reaffirmed
Terra Infra Development Ltd           LT/ST Bk Fac       CARE B-/A4     9.28    Reaffirmed
The Catholic Syrian Bank Ltd          Lower Tier II      CARE BBB-      41.8    -
                                      Bonds
Placed on credit watch with positive implications
Tirumalla Tirupati Multi State        LT Bk Fac          -              -       Withdrawn
Cooperative Credit Society Ltd
Tirupati Steel Enterprises            LT Bk Fac          CARE B+        20      Revised from
                                                                                CARE BB-
Issuer not cooperating;Based on best available information
Trimex Sands Pvt Ltd                  LT Bk (TL)         -              -       Withdrawn
Tripple Star Agri Pvt Ltd             LT Bk Fac          CARE BB        20.4    Reaffirmed
(enhanced from 16.38 Crore)
Turning Point                         LT/ST Bk Fac       CARE BB+/A4    3       Reaffirmed
Uniworld Sugars Pvt Ltd               LT Bk Fac          CARE D         60      -
Issuer not cooperating
Uniworld Sugars Pvt Ltd               LT Bk Fac          CARE D         60      -
Issuer not cooperating
V. Sathyamoorthy & Co                 LT Bk Fac          CARE BB+       25      Reaffirmed
Vallhabha Milk Products Pvt Ltd       LT Bk Fac          CARE B+        30      Assigned
Ved Prakash And Sons Lumbers Pvt Ltd  LT BkFac           CARE B         2.5     Revised from
                                                                                CARE B+
Issuer not cooperating;Based on best available information
Vedbhumi Builders And Developers Pvt LLong- term Bk Fac  CARE D         38.94   -
Issuer Not Cooperating
Vega Jeweldiam Pvt Ltd                LT BkFac           CARE BB+       27      -
Issuer not cooperating; Based on the best available information
Vidya Mandir                          LT Bk Fac          -              -       Withdrawn
Vijayanag Polymers Pvt Ltd            LT Bk Fac          CARE B         7.3     -
Issuer Not Cooperating
West Inn Ltd                          LT BkFac           CARE B+        25      -
Issuer Not Cooperating
Wires & Fabriks (Sa) Ltd.             LT Bk Fac          CARE BBB+      37.15   Reaffirmed
Wires & Fabriks (Sa) Ltd.             LT/ ST Bk Fac      CARE BBB+/A3+  29.15   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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