May 14, 2018 / 4:55 AM / 2 months ago

CARE ratings for Indian debt instruments-May 14

    May 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 11, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Hansco Iron And Steels Pvt Ltd        ST Bk Fac          -              -       Withdrawn
Jansons Industries Ltd                ST Bk Fac          -              -       Withdrawn
Omsairam Steels And Alloys Pvt Ltd    ST Bk Fac          CARE A3        600     Assigned
Sai Balaji Infra India Pvt            ST Bk Fac          CARE A4+       95      Assigned
Sri Venkateswara Constructions        ST Bk Fac          CARE A4        50      Assigned
Sunil Hitech Engineers Ltd            ST Bk Fac          CARE D         4210    Revised from
                                                                                CARE A4



LONG TERM RATINGS:
-------------------
Ambit Finvest Pvt Ltd                 LT Bk Fac # *      CARE A+        800     Reaffirmed

# Final rating assigned upon receipt of executed guarantee documents  
*based on credit enhancement in the form of an unconditional and irrevocable guarantee from the
parent, Ambit Private
Limited (APL)
Ambit Finvest Pvt Ltd                 LT Bk Fac *        CARE A+        1917.5  Reaffirmed
*based on credit enhancement in the form of an unconditional and irrevocable guarantee from the
parent, Ambit Private Limited (APL)
Ambit Finvest Pvt Ltd                 LT Bk Fac* ^       Provisional   2282.5  Reaffirmed
                                                         CARE A+
*based on credit enhancement in the form of an unconditional and irrevocable guarantee from the
parent, Ambit Private Limited (APL)  
^The rating is provisional and will be confirmed upon receipt of executed guarantee documents to
the satisfaction of CARE
Ashiana Landcraft Realty Pvt Ltd      LT Bk Fac          CARE B+        1750    Revised from
                                                                                CARE BB-
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE B+        290.1   Revised from
                                      NCD-I                                     CARE BB-
Ashiana Landcraft Realty Pvt Ltd      LT Instruments     CARE B+        100     Revised from
                                      Optionally                                CARE BB-
                                      Convertible Debentures
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE B+        810     Revised from
                                      NCD-III                                   CARE BB-
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    CARE D         1149.2  Reaffirmed
                                      NCD-II
Balaji Motors                         LT Bk Fac          CARE BB-       98      Assigned
Canara Goods Transport                LT Bk Fac          CARE B+        60      Assigned
Galaxy Life Care Services Pvt Ltd     LT Bk Fac          CARE BB+       70.6    Assigned
Hansco Iron And Steels Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Hetero Labs Ltd                       LT Bk Fac          CARE A+        41089.3 Revised from
                                                                                CARE A+
Hetero Labs Ltd                       LT / ST Bk Fac     CARE A+ / A1   12500   Revised from
                                                                                CARE A+ / A1+
Jansons Industries Ltd                LT Bk Fac          -              -       Withdrawn
Mahima Cold Storage Pvt Ltd           LT Bk Fac          CARE B+        62.2    Assigned
Murli Cold Storage Pvt Ltd            LT Bk Fac          CARE B+        99.7    Assigned
Omsairam Steels And Alloys Pvt Ltd    LT Bk Fac          CARE BBB       500     Assigned
Sai Balaji Infra India Pvt            LT Bk Fac          CARE BB+       10      Assigned
Shri Ram Cold Storage And Chilling    LT Bk Fac          CARE B+        60.5    Assigned
Centre
Sri Venkateswara Constructions        LT Bk Fac          CARE BB-       100     Assigned
Sri Venkateswara Poultry Complex      LT Bk Fac          CARE BB-       142.5   Assigned
Sunil Hitech Engineers Ltd            LT Bk Fac          CARE D         4120    Revised from
                                                                                CARE BB
Sunil Hitech Engineers Ltd            LT / ST Bk Fac     CARE D /D      11380   Revised from
                                                                                CARE BB /
                                                                                CARE A4
Superon Schweisstechnik India Ltd     LT Bk Fac          CARE BBB+      150     Assigned
Superon Schweisstechnik India Ltd     LT / ST Bk Fac     CARE BBB+ / A3+850     Assigned
Tushar Fabrics                        LT Bk Fac          CARE B         56.1    Assigned



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