November 15, 2019 / 10:09 AM / 24 days ago

CARE ratings for Indian debt instruments-Nov 15

    Nov 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 14, 2019.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aaditya Construction                  ST Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Ayka Mould Tech Industries Ltd        ST Bk Fac          CARE D         5       Revised from
                                                                                CARE A4
Issuer not cooperating; Based on best available information
Ambey Laboratories Ltd                STBk Fac           CARE A4        87.5    -
Issuer not cooperating;Based on best available information
B.M. Gupta Estates Pvt Ltd            ST Bk Fac          CARE A4        150     -
Issuer not cooperating; Based on best available information

Dh Ltd                                ST Bk Fac          CARE A4        207     Issuer not
                                                                                Cooperating;
                                                                                Revised from
CARE A4+ on the basis of best available information
Issuer not Cooperating; Based on best available information
Excel Generators Pvt Ltd              ST BkFac           CARE A4;       25      -
Issuer not Cooperating; Based on best available information
Harsh Global Pvt Ltd                  ST BkFac           CARE A4        75      -
Issuer not cooperating;Based on best available information
Hi Tech Engineers And Consultants Pvt ST BkFac           CARE A4+       400     -
Ltd
Issuer not cooperating;Based on best available information
In Time Garments Pvt Ltd              ST Bk Fac          CARE A4;       20      -
Issuer not cooperating;Based on best available information
Jagdamba Timbers Pvt Ltd              STBk Fac           CARE A4        110     -
Issuer not cooperating;Based on best available information
Mangal Electrical Industries Pvt Ltd  ST BkFac           CARE A4        132.5   Revised from
                                                                                CARE A4+
Issuer not cooperating;Based on best available information
Nelco Ltd                             ST Bk Fac          CARE A1        600     Reaffirmed
enhanced from 45.00)
Radhey Shyam And Sons                 Short TermBk Fac   CARE A4        140     -
Issuer not Cooperating; Based on best available information
Right Tight Fastners Pvt Ltd          ST BkFac           CARE A3        231.3   Revised from
                                                                                CARE A3+
Rmp Bearings Ltd                      ST BkFac           CARE A4        1       Revised from
                                                                                CARE A4+
Issuer not Cooperating; Based on best available information
Sarva Mangalam Gajanan Steel Pvt Ltd  ST BkFac           CARE A4        2       -
Issuer not CooperatingBased on best available information
Satya Pal Kapoor And Sons (Unit -AmritST BkFac           CARE A4        55.1    -
Silk Stores)
Issuer not CooperatingBased on best available information
Shyam Century Ferrous Ltd             ST Bk Fac          CARE A2+       220     Reaffirmed
Silver Sign Pvt Ltd                   ST Bk Fac          CARE A4        110     Reaffirmed
Tatanet Services Ltd                  ST Bk Fac          CARE A1        30      Reaffirmed
Tulsi Dye Chem Pvt Ltd                ST Bk Fac          CARE A3        100     Reaffirmed
Vrion Global Pvt Ltd                  ST Bk Fac          CARE A4        56.3    Reaffirmed

LONG TERM RATINGS:
-------------------
Aaditya Construction                  LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Ambey Laboratories Ltd                LT BkFac           CARE BB-       236.9   Revised from
                                                                                CARE BB
Issuer not cooperating;Based on best available information
Anveshan Textile Ltd                  LT Bk Fac          -              -       Withdrawn
Athens Life Sciences                  LT BkFac- CCLimit  CARE C; Stable 62      Revised from
                                                                                CARE B+
Athens Life Sciences                  LT BkFac-          CARE D         16.4    Revised from
                                      DroplineOverdraft                         CARE B+
                                      Limit
Ayka Mould Tech Industries Ltd        LT Bk Fac          CARE D         74.3    Revised from
                                                                                CARE B+
Issuer not cooperating; Based on best available information
B.M. Gupta Estates Pvt Ltd            LT Bk Fac          CARE B; Stable 150     -
Issuer not cooperating; Based on best available information
Dbl Chandikhole Bhadrak Highways Pvt  LT BkFac           CARE A-; Stable5450    Reaffirmed
Ltd
(enhanced from Rs.485.00 crore)
Dh Ltd                                LT Bk Fac          CARE BB-;      250     Revised from 
                                                         Stable                 CARE BB 
Issuer not Cooperating; Based on best available information
Dls Papers Pvt Ltd                    LT Bk Fac          CARE D         112.2   -
Issuer not Cooperating; Based on best available information
Excel Generators Pvt Ltd              Long -term BkFac   CARE B+; Stable30      Revised from
                                                                                CARE BB-
Issuer not Cooperating; Based on best available information
Frumar Marketing Pvt Ltd              LT Bk Fac          CARE BB+;Stable100     Assigned
Fusion Building Materials (Vizag) Pvt LT Bk Fac          CARE BB-;      170     Revised from
Ltd                                                      Stable                 CARE B+
G.S Buildtech Pvt Ltd                 LT/STBk Fac        CARE B/CARE A4 68      -
Issuer not cooperating;Based on best available information
Govindam Projects Pvt Ltd             LT Bk Fac          CARE BB-;      100     Reaffirmed
                                                         Stable
Harsh Global Pvt Ltd                  LT Bk Fac          CARE B-        25      -
Issuer not cooperating;Based on best available information
Health & Glow Pvt Ltd                 LT Bk Fac- Working CARE BBB-;     500     Reaffirmed
                                      Capital Fac        Stable
Hi Tech Engineers And Consultants Pvt LT Bk Fac          CARE BB+       10      -
Ltd
Issuer not cooperating;Based on best available information
Hissar Pipes Pvt Ltd                  LT BkFac           CARE BB-       100     -
Issuer not cooperating;Based on best available information
In Time Garments Pvt Ltd              LT Bk Fac          CARE BB-;      65      -
                                                         Stable
Issuer not cooperating;Based on best available information
In Time Garments Pvt Ltd              LT / ST Bk Fac     CARE BB-;      30      -
                                                         Stable/CARE A4
Issuer not cooperating;Based on best available information
J And G Transformer Pvt Ltd           LT BkFac           CARE B-        129.5   -
Issuer not cooperating;Based on best available information
Jagdamba Timbers Pvt Ltd              LT BkFac           CARE B-        20      -
Issuer not cooperating;Based on best available information
Kifs Housing Finance Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Withdrawn
Kogta Financial (India) Ltd           LT BkFac           CARE A-; Stable2000    Revised from
                                                                                CARE BBB+
Kogta Financial (India) Ltd           NCD                CARE A-; Stable400     Revised from
                                      Issue(INE192U07020)                       CARE BBB+
Kogta Financial (India) Ltd           NCD                CARE A-; Stable150     Revised from
                                      Issue(INE192U08044)                       CARE BBB+
Krupanidhi Construction               LT Bk Fac          CARE B+        -       Reaffirmed
Issuer not cooperating;Based on best available information
Krupanidhi Construction               LT/ ST Bk Fac      CARE B+;       -       Reaffirmed
                                                         Stable/CARE A4
Issuer not cooperating;Based on best available information
Mangal Electrical Industries Pvt Ltd  LT BkFac           CARE BB; Stable280     Revised from
                                                                                CARE BB+;
                                                                                Stable
Issuer not cooperating;Based on best available information
Mangal Electrical Industries Pvt Ltd  LT/STBk Fac        CARE BB;       387.5   Revised from
                                                         Stable/CARE A4         CARE BB+;
                                                                                Stable/CARE A4+
Issuer not cooperating;Based on best available information
Mkr Poultry Farm                      LT Bk Fac          CARE BB-;      120     -
                                                         Stable
Issuer not cooperating;Based on best available information
Nelco Ltd                             LT Bk Fac          CARE A; Stable 1446    Reaffirmed
(reduced from 159.60)
Nelco Ltd                             LT / ST Bk Fac     CARE A;        504.4   Reaffirmed
                                                         Stable/CARE A1
Orange Jaisalmer Wind Energy Pvt Ltd  LT Bk Fac          -              -       Withdrawn
Pentagon Aluminium Company Pvt Ltd    Long term Bk Fac   CARE B;        180     -
                                                         Stable
Issuer not Cooperating; Based on best available information
Radhey Shyam And Sons                 LT BkFac           CARE BB-;      10      -
                                                         Stable
Issuer not Cooperating; Based on best available information
Right Tight Fastners Pvt Ltd          LT BkFac           CARE BBB;      590.6   Revised from
                                                         Negative               CARE BBB+
Rmp Bearings Ltd                      LT BkFac           CARE BB; Stable236.3   Revised from
                                                                                CARE BB+;
                                                                                Stable
Issuer not Cooperating; Based on best available information
Sai Leasing Company                   LT Bk Fac          CARE D         72.8    -
(reduced from 10.00)
Samvardhana Motherson Innovative      Bk Fac – Fund      CARE AA-(CE);  80      -
Solutions Ltd Formerly [Tigers Connectbased – LT – CC    Stable^
Travel Systems And Solut...
^The bank facilities of SMISL is secured by unconditional and irrevocable corporate guarantee of
Samvardhana Motherson International Limited (SAMIL). 
International Limited (SAMIL).
Sarva Mangalam Gajanan Steel Pvt Ltd  LT BkFac           CARE BB-;      198.2   -
                                                         Stable
Issuer not CooperatingBased on best available information
Satya Pal Kapoor And Sons (Unit -AmritLT/ShortTerm BkFac CARE B+;       39.6    Revised from
Silk Stores)                                             Stable/CARE A4         CARE BB-;
                                                                                Stable/ CARE A4
Issuer not CooperatingBased on best available information
Satya Pal Kapoor And Sons (Unit -AmritLT BkFac           CARE B+; Stable44.4    Revised from
Silk Stores)                                                                    CARE BB-
Issuer not CooperatingBased on best available information
Shyam Century Ferrous Ltd             LT Bk Fac          CARE A-;       300     Reaffirmed
                                                         Negative               with outlook
                                                                                revised from
Stable
outlook revised from Stable
Shyam Century Ferrous Ltd             Long /ST BkFac     CARE A-;       20      Reaffirmed
                                                         Negative/CARE          with outlook
                                                         A2+                    revised from
Stable
outlook revised from Stable
Silver Sign Pvt Ltd                   LT/ STBk Fac       CARE B+;       90      Reaffirmed
                                                         Stable/CARE A4
Sourcehov India Pvt Ltd               LT Bk Fac          CARE BB+;      227     Reaffirmed
                                                         Negative
Outlook revised from Stable to Negative
Tahir Constructions                   LT Bk Fac          CARE BB-;      99      Assigned
                                                         Stable
Tatanet Services Ltd                  LT Bk Fac- TL      CARE A; Stable 252.5   Reaffirmed
Tatanet Services Ltd                  LT / ST Bk Fac     CARE A;        480     Reaffirmed
                                                         Stable/CARE A1
Tulsi Dye Chem Pvt Ltd                LT Bk Fac          CARE BBB-;     850     Reaffirmed
                                                         Stable
Tulsi Dye Chem Pvt Ltd                LT / ST Bk Fac     CARE BBB-;     630     Reaffirmed
                                                         Stable/CARE A3
Vrion Global Pvt Ltd                  LT Bk Fac          CARE BB-;      70      Reaffirmed
                                                         Stable
--------------------------------------------------------------------------------------------
$: 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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