May 2, 2018 / 3:30 AM / 6 months ago

CARE ratings for Indian debt instruments-May 2

    May 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 30, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ami Lifesciences Pvt Ltd              ST Bk Fac          CARE A3+       150     Reaffirmed
Bmr Exports                           ST Bk Fac          CARE A3        250     Assigned
Doon Towers                           ST Bk Fac          CARE A4        18      Assigned
L D Suitings Pvt Ltd                  ST Bk Fac          CARE A4        1       Assigned
Sky Alloys & Power Pvt. Ltd.          ST Bk Fac          CARE D         100     Assigned
Vakrangee Ltd                         ST Bk Fac -        -              -       Withdrawn
                                      Non-fund based



MEDIUM TERM RATINGS:
-------------------
Pc Jeweller Ltd                       Medium Term        CARE A+ (FD)   5000
                                      Instrument- Fixed
                                      Deposit Programme
Rating placed on credit watch with Negative Implications
Unique Estates Development Co. Ltd    Fixed Deposits (FD)CARE AA- (FD)  480     Reaffirmed
(enhanced from Rs.37 Crore)

LONG TERM RATINGS:
-------------------
Ami Lifesciences Pvt Ltd              LT Bk Fac          CARE BBB       125.9   Reaffirmed
Ami Lifesciences Pvt Ltd              LT / ST Bk Fac     CARE BBB/A3+   405     Reaffirmed
(Enhanced from Rs.30.50 Crore)
Anikedhya Infraprojects Pvt Ltd       LT Bk Fac          CARE B+        134.1   Assigned
Asp Enterprises                       LT Bk Fac          CARE B+        60      Assigned
Azad Educational Society              LT Bk Fac          CARE BB        143     Assigned
Chawla Jewellers                      LT Bk Fac          CARE BB-       60      Assigned
Dhanraj Rice Industries Llp           LT Bk Fac          CARE B+        119     Assigned
Doon Towers                           LT Bk Fac          CARE B         63.4    Assigned
Doon Towers                           LT/ST Bk Fac       CARE B/A4      8.6     Assigned
G M Cot Fibers                        LT Bk Fac          CARE B+        89      Assigned
Ivy Ecoenergy India Pvt Ltd           LT Bk Fac          CARE BBB-      6210    Assigned
L D Suitings Pvt Ltd                  LT Bk Fac          CARE B+        96      Assigned
L D Suitings Pvt Ltd                  LT/ST Bk Fac       CARE B+/A4     40      Assigned
Pnc Chitradurga Highways Pvt Ltd      LT Bk Fac          CARE A-        6064.7  Assigned
Sky Alloys & Power Pvt. Ltd.          LT Bk Fac          CARE D         959.4   Reaffirmed
(enhanced from 15.00 Crore)
V.R.K. Associates Pvt Ltd             LT Bk Fac          CARE D         120
Revised from CARE B
Vakrangee Ltd                         LT Bk Fac – FB     -              -       Withdrawn
--------------------------------------------------------------------------------------------
$: 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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