November 14, 2017 / 6:25 AM / 8 days ago

CARE ratings for Indian debt instruments-Nov 14

    Nov 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 13, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ajeettradelink Pvt Ltd                ST Bk Fac          CARE A4        2.5     -
Issuer not cooperating
Bansal Spinning Mills Ltd             ST Bk Fac          CARE A3        650     Assigned
Bhumi Plastic Pipes Pvt Ltd           ST Bk Fac          CARE A4        10      Assigned

Deepak Novochem Technologies Ltd      ST Bk Fac          CARE A3+       70      Reaffirmed
Hind Aluminium Industries Ltd         ST Bk Fac          CARE A2+       914.4   Reaffirmed
Mbm Trade-Link Pvt Ltd                ST Bk Fac          -              -       Withdrawn
Mini Diamonds (India) Ltd             ST Bk Fac          CARE D         60      Revised from
                                                                                CARE A4

Rac Papers Ltd                        ST Bk Fac          CARE A4        3.3     Assigned
Reliance Industries Ltd               CP                 CARE A1+       200000  Reaffirmed
Teknotuff Glass Pvt. Ltd              ST Bk Fac          CARE A4        3       -
Issuer not cooperating
Telecommunications Consultants India  ST Bk Fac          CARE A1        9758    Assigned
The Gowthami Solvent Oils Ltd         ST Bk Fac          CARE A3        20      Assigned
Tibrewala Electronics Ltd             ST Bk Fac          CARE A3+       237.6   Revised from
                                                                                CARE A2
Issuer not cooperating
Prakashsteelage Ltd                   ST Bk Fac          CARE D         700     -
                                      (Non-Fund Based)
Issuer not cooperating
Universal Cables Ltd                  ST Bk Fac          CARE A2+       5985    Reaffirmed
Vindhya Telelinks Ltd                 ST Bk Fac          CARE A1+       13330.8 Reaffirmed
Vision Exports                        ST Bk Fac          CARE A4+       170     Assigned

LONG TERM RATINGS:
-------------------
Ajeettradelink Pvt Ltd                LT Bk Fac          CARE BB        90      -
Issuer not cooperating
Bajla Motors Pvt. Ltd.                LT Bk Fac          CARE BB-       117.5   -
Issuer not cooperating
Bansal Spinning Mills Ltd             LT Bk Fac          CARE BBB-      1099.2  Assigned
Bhumi Plastic Pipes Pvt Ltd           LT Bk Fac          CARE BB-       90      Assigned
Dar Credit & Capital Ltd.             LT Bk Fac          CARE BBB-      750     Revised from
                                                                                CARE BB+
Deepak Novochem Technologies Ltd      LT Bk Fac          CARE BBB       239     Reaffirmed
Deepak Novochem Technologies Ltd      LT/ ST Bk Fac      CARE BBB / A3+ 330     Reaffirmed
Gee Emm Overseas                      LT Bk Fac          CARE BB-       92.5    Assigned
Generic Engineering Construction And  LT Bk Fac          CARE BBB-      180     Assigned
Projects Ltd
Generic Engineering Construction And  LT/ST Bk Fac       CARE BBB-      240     Assigned
Projects Ltd                                             /CARE A3
Hind Aluminium Industries Ltd         LT Bk Fac          CARE A-        1745.1  Reaffirmed
Hind Aluminium Industries Ltd         Long/ST Bk Fac     CARE A- / A2+  81      Reaffirmed
Mbm Trade-Link Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Mini Diamonds (India) Ltd             LT Bk Fac          CARE D         90      Revised from
                                                                                CARE BB-
Narendra Sharma                       LT Bk Fac          CARE BB-       10      -
Issuer not cooperating
Narendra Sharma                       LT/ST Bk Fac       CARE BB- / A4  50      -
Issuer not cooperating
Prakashsteelage Ltd                   LT Bk Fac (Fund    CARE D         1500    -
                                      Based)
Issuer not cooperating
Rac Papers Ltd                        LT Bk Fac          CARE C         133     Assigned
Saraswati Exim Pvt Ltd                LT Bk Fac          CARE BB        80      -
Issuer not cooperating
Shitalpur Mohinder Kalimata Himghar   LT Bk Fac          CARE B         88.5    Revised from
Ltd                                                                             CARE B
Issuer not cooperating
Sun Shine Autos Pvt Ltd               LT / ST Bk Fac     CARE B+        100     -
Issuer not cooperating
Teknotuff Glass Pvt. Ltd              LT Bk Fac          CARE BB-       63.9    -
Issuer not cooperating
Telecommunications Consultants India  LT Bk Fac          CARE A+        2310    Assigned
The Gowthami Solvent Oils Ltd         LT Bk Fac          CARE BBB-      657     Assigned
Tibrewala Electronics Ltd             LT Bk Fac          CARE BBB       140     Revised from
                                                                                CARE BBB+
Issuer not cooperating
Universal Cables Ltd                  LT Bk Fac          CARE A-        2970    Reaffirmed
Universal Cables Ltd                  LT / ST Bk Fac     CARE A- /CARE  40      Reaffirmed
                                                         A2+
Vindhya Telelinks Ltd                 LT Bk Fac          CARE AA-       5025    Reaffirmed
Vindhya Telelinks Ltd                 NCD issue          CARE AA-       1000    Reaffirmed
Vision Exports                        LT Bk Fac          CARE BB        30      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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