November 1, 2019 / 7:41 AM / in 4 months

CARE ratings for Indian debt instruments-Nov 1

    Nov 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 31, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Alfa Vitrified Pvt Ltd                ST Bk Fac          CARE A4        35      Reaffirmed
Cadmach Machinery Company Pvt Ltd     ST Bk Fac          CARE A2+       42.5    Reaffirmed
Deccan Enterprises Ltd                ST Bk Fac          CARE A2        455.8   Reaffirmed
(enhanced from 45.14 Crore)
Drolia Electrosteels Pvt Ltd          ST Bk Fac          CARE A3        207.5   Reaffirmed
(Enhanced from Rs. 15.75 Crore)
Glaze Garments (India) Ltd            ST Bk Fac          CARE D         105     -
(Issuer not cooperating; Based on best available information)
Haveli Restaurant And Resorts Ltd     ST Bk Fac          CARE A4        95      -
(Issuer not cooperating; Based on best available information)
Hitech Hydraulics                     ST Bk Fac          CARE A4 (A     85      Reaffirmed
                                                         Four)
Indian Yarn Ltd                       ST Bk Fac          CARE D         33.6    -
(Issuer Not Cooperating; Based on best available information)
J. B. Rolling Mills Ltd               ST Bk Fac          CARE A4+       80      -
(Issuer Not Cooperating; Based on best available information)
Kohinoor India Pvt Ltd                ST Bk Fac          CARE A4        50      -
(Issuer Not Cooperating; Based on best available information)
L-Comps And Impex Pvt Ltd             ST Bk Fac          CARE A4        55      -
(Issuer Not Cooperating; Based on best available information)
Samman Lal Sher Singh Papers Pvt Ltd  ST Bk Fac          CARE A4        50      -
(Issuer not cooperating; Based on best available information)
Shiva Texfabs Ltd                     ST Bk Fac          CARE D         110     -
(Issuer not cooperating; Based on best available information)


LONG TERM RATINGS:
-------------------
Alfa Vitrified Pvt Ltd                LT Bk Fac          CARE BB-;      80*     Reaffirmed
                                                         Stable
(reduced from 13.00 Crore)/ *CARE has withdrawn the rating assigned to the term loan facility of
the company as it has been fully repaid
Bagzone Lifestyles Pvt Ltd            LT/ST              CARE BBB-;     200     Reaffirmed
                                      Fundbased/Non fund Stable/ A3
                                      based BkFac
(enhanced from Rs.15.00 crore Crore)
Bhagwati Steel Sales                  LT Bk Fac          CARE B+        100     Revised from
                                                                                CARE BB-
(Issuer not Cooperating)
Cadmach Machinery Company Pvt Ltd     LT Bk Fac          CARE A-; Stable40      Reaffirmed
Deccan Enterprises Ltd                LT Bk Fac          CARE A-; Stable779.1   Reaffirmed
(enhanced from 22.06 Crore)
Drolia Electrosteels Pvt Ltd          LT Bk Fac          CARE BBB-;     690.6   Reaffirmed
                                                         Stable
(Enhanced from Rs. 64.06 Crore)
Glaze Garments (India) Ltd            LT Bk Fac          CARE D         219.4   -
(Issuer not cooperating; Based on best available information)
Haveli Restaurant And Resorts Ltd     LT Bk Fac          CARE B+        282.7   -
(Issuer not cooperating; Based on best available information)
Hitech Hydraulics                     LT Bk FacTL #      -              -       Withdrawn
#the rating assigned to long term bank facility (term Loan) has been withdrawn since the company
has fully repaid the said facility and there is not outstanding under the facility.
Hitech Hydraulics                     LT Bk Fac          CARE BB; Stable78.2    Reaffirmed
(Enhanced from 6.00 Crore)
Indian Yarn Ltd                       LT Bk Fac          CARE D         672.5   -
(Issuer Not Cooperating; Based on best available information)
J. B. Rolling Mills Ltd               LT Bk Fac          CARE BB+       476.6   -
(Issuer Not Cooperating; Based on best available information)
Jagatjit Industries Ltd               Fund Based – LT –  CARE B; Stable 400     Revised from
                                      TL & CC (Proposed)                        CARE D
(Removed from issuer not cooperating)
Jagatjit Industries Ltd               LT / ST Bk Fac     CARE B; Stable 10      Revised from
                                      (Proposed)         / A4                   CARE D
(Removed from issuer not cooperating)
Kaila Devi Healthcare Services Pvt LtdLT Bk Fac          CARE B+; Stable120     Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
Kohinoor India Pvt Ltd                LT Bk Fac          CARE B; Stable 100     -
(Issuer Not Cooperating; Based on best available information)
L-Comps And Impex Pvt Ltd             LT Bk Fac          CARE B-        95      Revised
                                                                                From CARE B
(Issuer Not Cooperating; Based on best available information)
Oswal Knitting And Spinning IndustriesLT Bk Fac          CARE D         60      -
Ltd
(Issuer Not Cooperating; Based on best available information)
Oswal Knitting And Spinning IndustriesST Bk Fac          CARE D         10      -
Ltd
(Issuer Not Cooperating; Based on best available information)
Pal And Paul Builders Ltd             LT/ST BkFac        CARE B+;       100     Reaffirmed
                                                         Stable/ A4
Parijat Oil And Feeds Pvt Ltd         Long- Term Bk Fac  -              -       -
Reaffirmed at CARE B; Stable and Withdrawn
Saisanj Retail Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Samman Lal Sher Singh Papers Pvt Ltd  LT Bk Fac          CARE BB-       215     -
(Issuer not cooperating; Based on best available information)
Shiva Texfabs Ltd                     LT Bk Fac          CARE D         9339.3  -
(Issuer not cooperating; Based on best available information)
Shri Krishnashray (India) Pvt Ltd     LT Bk Fac          CARE C; Stable 100.9   -
(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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