Nov 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 12, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Balaji Motors ST Bk Fac CARE A4 70 Removed from
Non
Cooperation
and
Reaffirmed
Rajat Infra Developers Pvt Ltd ST Bk Fac CARE D 70 -
(Issuer Not Cooperating; Based on best available information)
Bhagiradha Chemicals And Industries Ltd ST Bk Fac CARE A3+ 285 -
(Placed on Credit watch with Negative Implications)
K.P.R Constructions ST Bk Fac CARE A4 200 Revised from
CARE A4+
Origo Commodities India Pvt Ltd ST Bk Fac CARE A3 50 Reaffirmed
Sri Venkata Lakshmi Narasimha SpinningST Bk Fac CARE A4+ 37.3 Reaffirmed
Mills Pvt Ltd
Torneto Foods International Pvt Ltd ST Bk Fac CARE D 2.5 -
(Issuer not cooperating) revised from CARE A4;
Y.S.R. Spinning And Weaving Mills Pvt ST Bk Fac CARE A4+ 3 Assigned
Ltd
LONG TERM RATINGS:
-------------------
ABA Infratech Pvt Ltd LT Bk Fac CARE B+ 300 Assigned
APCO Chetak Expressway Pvt Ltd LT Bk Fac – Non - - Withdrawn
Fund based
Apco Chetak Expressway Pvt Ltd LT Bk Fac – Fund CARE A 5500 Reaffirmed
based
Balaji Motors LT Bk Fac CARE BB- 51.9 Removed from
Non
Cooperation
and
Reaffirmed
Bhagiradha Chemicals And Industries Ltd LT Bk Fac CARE BBB 454.6 -
(Placed on Credit watch with Negative Implications)
Gaurav Worldwide Trading Pvt Ltd LT/ST Bk Fac CARE B+; 500 Assigned
Stable/CARE A4
Indiabulls Real Estate Ltd CP - - Withdrawn
K.P.R Constructions LT Bk Fac CARE BB+ 50 Revised from
CARE BB+
Navayuga Jahnavi Toll Bridge Pvt Ltd LT Bk Fac CARE D 7200 Reaffirmed
Origo Commodities India Pvt Ltd LT Bk Fac CARE BBB 1570 Reaffirmed
Origo Commodities India Pvt Ltd LT Bk Fac (TL) CARE BBB 300 Assigned
Origo Commodities India Pvt Ltd NCD issue Proposed CARE BBB 200 Assigned
Rajat Infra Developers Pvt Ltd LT Bk Fac CARE D 30 -
(Issuer not cooperating) Revised from CAREB+
Reliance Business Broadcast News NCD issue (NCD)-1 - - Withdrawn
Holdings Ltd
Reliance Business Broadcast News NCD issue (NCD)-2 - - Withdrawn
Holdings Ltd
Reliance Business Broadcast News NCD issue (NCD)-3 - - Withdrawn
Holdings Ltd
Roy Apparels Pvt Ltd LT Bk Fac CARE B+ 98.6 -
(Issuer not cooperating) Revised form CARE BB-
Sethia Oils Ltd LT Bk Fac CARE BB 105 -
(Issuer not cooperating) Revised from CARE BB+
Shirke Club Management Llp LT Bk Fac-TL# CARE BBB+ (CE) 262.5 Revised from
CARE A-
# backed by irrevocable Letter of Comfort (LoC) extended by B.G. Shirke
Construction Technology Private Limited (BGSCTPL)
Sri Venkata Lakshmi Narasimha SpinningLT Bk Fac CARE BB+ 225.8 Reaffirmed
Mills Pvt Ltd
Sylvanus Properties Ltd CP - - Withdrawn
Torneto Foods International Pvt Ltd LT Bk Fac CARE D 36.1 -
(Issuer not cooperating) revised from CARE B+;
Torneto Foods International Pvt Ltd LT/ST Bk Fac CARE D/CARE D; 30 -
(Issuer not cooperating) revised from CARE B+; Stable/ CARE A4;
Y.S.R. Spinning And Weaving Mills Pvt LT Bk Fac CARE BB+ 197 Assigned
Ltd
--------------------------------------------------------------------------------------------
$: 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)
