May 15, 2019 / 8:03 AM / 4 months ago

CARE ratings for Indian debt instruments-May 15

   May 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 14, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amon-Ra Impex Pvt Ltd                 ST Bk Fac          CARE A4        50      Reaffirmed
Jai Bhagwan Ji Food Products          ST Bk Fac          CARE A4        7.5     Assigned
Raag Exports Pvt Ltd                  ST Bk Fac          CARE A4        138.6   Reaffirmed;
                                                                                Removed from
                                                                                Non Cooperation
Shri Dhanalakshmi Spinntex Pvt Ltd    ST Bk Fac          CARE A4        125     Revised from
                                                                                CARE A4+
(Issuer not cooperating) Based on best available Information
Suryajyoti Spinning Mills Ltd         ST Bk Fac          CARE D         523.2   -
(Issuer not cooperating) Based on best available Information
Texool Ltd                            ST Bk Fac          CARE A4        60      Assigned


MEDIUM TERM RATINGS:
-------------------
Dewan Housing Finance Corporation Ltd Fixed Deposit      CARE BBB- (FD) 200000  Revised from
                                      Programme                                 CARE A (FD)

LONG TERM RATINGS:
-------------------
Amon-Ra Impex Pvt Ltd                 LT Bk Fac          CARE B         5       Revised from
                                                                                CARE B+
Dewan Housing Finance Corporation Ltd Perpetual Debt     CARE BB+       13000   Revised from
                                                                                CARE BBB+
Dewan Housing Finance Corporation Ltd NCDs               CARE BBB-      176551.2Revised from
                                                                                CARE A
Dewan Housing Finance Corporation Ltd Subordinated Debt  CARE BBB-      22050   Revised from
                                                                                CARE A-
Dewan Housing Finance Corporation Ltd NCDs (Public Issue)CARE BBB-      290000  Revised from
                                                                                CARE A
Dewan Housing Finance Corporation Ltd LT Bk Fac          CARE BBB-      427138  Revised from
                                                                                CARE A
Dewan Housing Finance Corporation Ltd Non-convertible    CARE BBB-      7500    Revised from
                                      Redeemable         (RPS)                  CARE A- (RPS)
                                      Cumulative Preferen(Redeemable 
                                                          Preference
                                                          Shares)
                                                          and credit
                                                          Watch
                                                          with developing
                                                          implications.
India Infrastructure Trust            NCDs               -              -       Withdrawn
Jai Bhagwan Ji Food Products          LT Bk Fac          CARE B+        60.9    Assigned
Koyili Hospital                       LT Bk Fac          CARE BB-       198.2   -
(Issuer not cooperating) Based on best available Information
Meenar Industries Ltd                 LT Bk Fac          CARE BB-       102.2   Assigned
Meenar Industries Ltd                 Proposed Long/ST   CARE BB-/CARE  17.8    Assigned
                                      Bk Fac             A4
Pnc Khajuraho Highways Pvt Ltd        LT Bk Fac          CARE A-        5899.3  Reaffirmed
Sankheswaraa Gold Exports Pvt Ltd     LT Bk Fac          CARE D         125     Revised from
                                                                                CARE B-
(Issuer not cooperating) Based on best available Information
Shri Dhanalakshmi Spinntex Pvt Ltd    LT Bk Fac          CARE BB        962     Revised from
                                                                                CARE BB+
(Issuer not cooperating) Based on best available Information
Sowil Ltd                             LT Bk Fac          CARE BB+       90      Reaffirmed
Sri Laxmi Venkata Ramana Parboiled RicLT Bk Fac          CARE BB-       60      Revised from
Industry                                                                        CARE B+
Suryajyoti Spinning Mills Ltd         LT Bk Fac          CARE D         2567    -
(Issuer not cooperating) Based on best available Information
Texool Ltd                            LT Bk Fac          CARE B+        12      Assigned
Texool Ltd                            Long / ST Bk Fac   CARE B+;       28      Assigned
                                                         Stable /CARE A4
Vantage Machine Tools Pvt Ltd         LT Bk Fac          CARE B-        150     Revised from
                                                                                CARE B;
(Issuer not cooperating) Based on best available Information
--------------------------------------------------------------------------------------------
$: 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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