May 4, 2018 / 3:34 AM / 5 months ago

CARE ratings for Indian debt instruments-May 4

    May 4 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of May 3, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Khosla Profil Pvt Ltd                 ST Bk Fac          CARE A3+       560     Reaffirmed
North Bihar Construction Pvt Ltd      ST Bk Facility     CARE A4        84.7    Assigned


LONG TERM RATINGS:
-------------------
Aditya Cold Storage                   LT Bk Fac          CARE B         100     Assigned
Aditya Traders                        LT Bk Fac          CARE B+        5       Assigned

Avaca Pharma Pvt Ltd                  LT Bk Fac          CARE BB-       970     Revised from
                                                                                CARE B+
Chouhan Automobiles Llp               LT Bk Fac          CARE B+        205     Assigned
Gspl India Transco Ltd                LT Bk Fac          CARE A-        7130    Assigned
Kaila Devi Healthcare Services Pvt LtdLT Bk Fac          CARE B+        120     Assigned
Kalosona Himghar Udyog Pvt Ltd        LT Bk Facility     CARE B+        62      Assigned
Khosla Profil Pvt Ltd                 LT Bk Fac          CARE BBB       500.4   Reaffirmed
Mukti Firms Pvt Ltd                   LT Bk Fac          CARE B         75.9    Assigned
North Bihar Construction Pvt Ltd      LT Bk Facility     CARE BB        12.3    Assigned
Ozone Projects Pvt Ltd                NCD Issue          CARE D         189.3   Revised from
                                                                                CARE B
(ISSUER NOT COOPERATING)
P. D. Sekhsaria Trading Company Pvt   LT Bk Fac (fund    CARE BBB-      900     -
                                      based)
(ISSUER NOT COOPERATING)
P. D. Sekhsaria Trading Company Pvt LtLT Bk Fac (TL)     CARE BBB-      28.2    -
(ISSUER NOT COOPERATING)
Shikhar Constructions                 LT Bk Fac          CARE B+        60      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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