May 3, 2018 / 4:07 AM / 3 months ago

CARE ratings for Indian debt instruments-May 3

    May 3 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 2, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bhadohi Carpets                       ST Bk Fac          CARE A4+       60      Assigned
Bipin Kumar Agrawal                   ST Bk Fac          CARE A4        109     Assigned
Datt Infracreations Pvt Ltd           ST Bk Fac          CARE A4        10      Assigned
Diganta Mudrana Ltd                   ST Bk Fac          CARE A4        41.7    Assigned
Innovators Façade Systems India Pvt.  ST Bk Fac – LOC    CARE A3        82.5    Reaffirmed
Ltd.                                  (LC)
Innovators Façade Systems India Pvt.  ST Bk Fac – BG     CARE A3        300     Reaffirmed
Ltd.
Jama Corporation Pvt Ltd              ST Bk Fac          CARE A4+       5       Assigned
Jk Lakshmi Cement Ltd                 CP*                CARE A1+       1750    Reaffirmed
(enhanced from 120 Crores)/*Carved out of working capital limits
Jlc Electromet Pvt Ltd                ST Bk Fac          CARE A1        490     Assigned
Mahaajay Spinners India Pvt Ltd       ST Fac             CARE A4        40      Assigned
Mahaajay Spinners India Pvt Ltd       ST Fac             CARE A4        25      Assigned
Maharashtra State Power Generation Co.ST Bk Fac          CARE A2+       31500   Reaffirmed
Ltd
(enhanced from Rs 1150 crores)
Mars Planning And Engineering ServicesST Bk Fac          CARE A3        59      Assigned
Pvt Ltd
Rug Resources                         ST Bk Fac          CARE A4        90      Assigned
Shri Mangal Motors                    ST Facility        CARE A4        3       Assigned
Spacetech Equipment And Structurals   ST Bk Fac          CARE A4        70      Reaffirmed
Pvt Ltd

LONG TERM RATINGS:
-------------------
Adani Agri Logistics (Katihar) Ltd    LT/ST BkFac        CARE BBB/A3+   382.1   Reaffirmed
(Enhanced from Rs.25.00 Crores)
Bhadohi Carpets                       LT / ST Bk Fac     CARE BB+/A4+   90      Assigned
Bhavani Rice Mill                     LT Bk Fac          CARE B+        70      Assigned
Bipin Kumar Agrawal                   LT Bk Fac          CARE BB        40      Assigned
Datt Infracreations Pvt Ltd           LT Bk Fac          CARE BB-       50      Assigned
Diganta Mudrana Ltd                   LT Bk Fac          CARE B         33.3    Assigned
Gemini Pack Tech Pvt Ltd              LT BkFac           CARE B         100     Assigned
Innovators Façade Systems India Pvt.  LT Bk Fac – CC     CARE BBB-      320     Reaffirmed
Ltd.                                  (CC)
Jama Corporation Pvt Ltd              LT Bk Fac          CARE BB+       100     Assigned
Jama Corporation Pvt Ltd              LT/ST Bk Fac       CARE BB+/A4+   665     Assigned
Jlc Electromet Pvt Ltd                LT / ST Bk Fac     CARE A/A1      40      Assigned
Kadam & Kadam Jewellers Pvt Ltd       LT/ST Bk Fac       CARE BB-/A4    600     Assigned
Mahaajay Spinners India Pvt Ltd       LT Bk Fac          CARE B         35      Assigned
Maharashtra State Power Generation Co.LT Bk Fac          CARE BBB+      77067.8 Reaffirmed
Ltd
Manjeet Singh Bhatia                  LT Bk Fac          CARE BB        86.9    Assigned
Manjeet Singh Bhatia                  LT/ST Bk Fac       CARE BB/A4     174.6   Assigned
Mars Planning And Engineering ServicesLT Bk Fac          CARE BBB-      40      Assigned
Pvt Ltd
Nuziveedu Seeds Ltd                   LT BkFac           CARE A+        2100    Reaffirmed
(reduced from 366.66 Crores)/removed from issuer not cooperating
Redtech Network India Pvt Ltd         LT Bk Fac          CARE BB        70      Assigned
Reliance Commercial Finance Ltd       NCDs               CARE AA+       10000   Assigned#
Reliance Home Finance Ltd             LT DebtProgramme   CARE AA+       100000  #
 (Enhanced from Rs.9000 Crores)
Reliance Home Finance Ltd             NCD                CARE AA+       10000   Assigned#
Rug Resources                         LT / ST Bk Fac     CARE BB-/A4    110     Assigned
Sant Autozone Pvt Ltd                 LT BkFac           -              -       Withdrawn
Shree Balkishan Dyeing & Printing MillLT BkFac           CARE BB-       7       Assigned
Pvt Ltd
Shree Balkishan Dyeing & Printing MillLong/ST BkFac      CARE BB-/A4    50      Assigned
Pvt Ltd
Shri Mangal Motors                    LT Bk Facility     CARE BB        67.2    Assigned
Spacetech Equipment And Structurals   LT Bk Fac          CARE B         32.5    Reaffirmed
Pvt Ltd
(Enhanced from Rs. 1.75 Crores)
Spacetech Equipment And Structurals   LT/ STBk Fac       CARE B/A4      47.5    Assigned
Pvt Ltd
Sunrise Construction Company          LT Bk Fac          CARE BB-       20      Reaffirmed
(enhanced from Rs.1.00 Crores)
Sunrise Construction Company          LT Bk Fac / ST Bk  CARE BB-/CARE  50      Reaffirmed
                                      Fac                A4
Tirupati Trading Corporation          LT Bk Fac          CARE B+        80      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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