November 18, 2019 / 7:20 AM / 23 days ago

CARE ratings for Indian debt instruments-Nov 18

    Nov 18 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 15, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Ashavari Trading Pvt Ltd              ST Bk Fac          CARE A4        1       Reaffirmed
Aarti Suitings Pvt Ltd                Short –term Bk Fac CARE D         5.5     Revised from
                                                                                CARE A4
Bagaria Aluminium Alloys Pvt Ltd      ST Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Chaudhary Construction Company Pvt LtdST Bk Fac          CARE A4        53      Reaffirmed
Compuage Infocom Ltd                  ST Bk Fac – NFBL   CARE A3        4870    Revised from
                                                                                CARE A2+
(Issuer not cooperating; Based on best available information)
Integrated Induction Power Ltd        ST Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Kpl International Ltd                 ST Bk Fac          CARE A2+       1150    Revised from
                                                                                CARE A2
Murli Krishna Pharma Pvt Ltd          ST Bk Fac          -              -       -
(Reaffirmed to CARE D; ISSUER NOT COOPERATING and Withdrawn)
Loyal Textile Mills Ltd               ST Bk Fac          CARE A3+       4330    Reaffirmed
Prasad Sankranti                      ST Bk Fac          CARE A4        27.5    Assigned
Pushp Rings Pvt Ltd                   ST Bk Fac          CARE A4        25      Assigned
Sar Clothing (India) Pvt Ltd          ST Bk Fac          CARE A4        50      Reaffirmed
Sgrs Academic Pvt Ltd                 ST Bk Fac          CARE A4        88.5    Reaffirmed
Siddapur Distilleries Ltd             ST Bk Fac          CARE A4+       40      Assigned
Redstone Granito Pvt Ltd              ST Bk Fac          -              -       Withdrawn
Tamil Nadu Newsprint And Papers Ltd   ST Bk Fac          CARE A1        15000   Reaffirmed
Vub Engineering Pvt. Ltd.             ST Bk Fac          CARE A3        450     Reaffirmed
                                      (Non-fund based)                          and Withdrawn


LONG TERM RATINGS:
-------------------
Aarti Suitings Pvt Ltd                LT Bk Fac          CARE D         167.2   Revised from
                                                                                CARE BB/Stable
Adig Jemtex Pvt Ltd                   LT Bk Fac          CARE D         274.3   Revised from
                                                                                CARE BB/Stable
(Issuer not cooperating; Based on best available information)
Adya Bhawan Ltd                       LT Bk Fac          CARE B+/Stable 46.7    Revised from
                                                                                CARE
                                                                                BB-/Stable
(Issuer not cooperating; Based on best available information)
Ashavari Trading Pvt Ltd              LT Bk Fac          CARE BB-/      99      Reaffirmed
                                                         Stable
Bagaria Aluminium Alloys Pvt Ltd      LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Calypso Ceramic Pvt Ltd               LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Chaudhary Construction Company Pvt LtdLT Bk Fac          CARE BB; Stable22      Reaffirmed
Compuage Infocom Ltd                  LT Bk Fac – FBL    CARE BBB       2774.5  Revised from
                                                         (Negative)             CARE
                                                                                A-/Negative
(Issuer not cooperating; Based on best available information)
Euro Pratik Ispat Pvt Ltd             LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Fomento Associated Singapore Holdings Issuer Rating*     CARE BBB-      -       Assigned
Pte. Ltd.                                                (Is); Stable
*The issuer rating would be subject to expected overall gearing not exceeding 1.38x as on Mar
20.
Gayatri Projects Ltd                  LT Bk Fac          CARE D         18885.7 Revised from
                                                                                CARE BB+;
                                                                                Stable
Gayatri Projects Ltd                  LT/ST Bk Fac       CARE D/D       47357.6 Revised from
                                                                                CARE BB+;
                                                                                Stable/A4+
Greenko Wind Projects Pvt Ltd         LT Instruments     -              -       Withdrawn
                                      (NCDs)
Iifl Wealth Finance Ltd               LT Principal       CARE PP-MLD    1000    Assigned
                                      Protected Market   AA; Stable
                                      Linked Debenture
Integrated Induction Power Ltd        LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Jasdan Energy Pvt Ltd                 LT Bk Fac          CARE BBB+      1234.5  -
(Placed under credit watch with developing implications)
Jayatma Industries Ltd                LT Bk Fac          CARE B+/Stable 150     Revised from
                                                                                CARE
                                                                                BB-/Stable
(Issuer not cooperating; Based on best available information)
Jayatma Industries Ltd                LT/ ST Bk Fac      CARE           145     Revised from
                                                         B+/Stable/A4           CARE
                                                                                BB-/Stable/A4
(Issuer not cooperating; Based on best available information)
Kamaljeet Singh Ahluwalia             LT Bk Fac          -              -       Withdrawn
Kaypee Enterprises                    LT Bk Fac (Fund    -              -       Withdrawn
                                      based)
Kpl International Ltd                 LT Bk Fac          CARE BBB+/     861.4   Reaffirmed
                                                         Stable
Loyal Textile Mills Ltd               LT Bk Fac          CARE BBB+;     1240    Reaffirmed
                                                         Stable
Murli Krishna Pharma Pvt Ltd          LT Bk Fac          -              -       -
(Reaffirmed to CARE D; ISSUER NOT COOPERATING and Withdrawn)
Navayuga Bengalooru Tollway Pvt Ltd   LT Bk Fac          CARE D         4449.6  Reaffirmed
Prasad Sankranti                      LT Bk Fac          CARE B+; Stable30      Assigned
Pushp Rings Pvt Ltd                   LT Bk Fac          CARE BB; Stable25.1    Assigned
Rameshwar Cottex                      LT Bk Fac          CARE D         85.4    -
(Issuer not cooperating; Based on best available information)
Redstone Granito Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Sgrs Academic Pvt Ltd                 LT Bk Fac          CARE BB-;      11.5    Reaffirmed
                                                         Stable
Siddapur Distilleries Ltd             LT Bk Fac          CARE BB+/      240     Assigned
                                                         Stable
Tamil Nadu Newsprint And Papers Ltd   LT Bk Fac          CARE A; Stable 15611.7 Reaffirmed
Tamil Nadu Newsprint And Papers Ltd   LT/ST Bk Fac       CARE A;        5500    Reaffirmed
                                                         Stable/CARE A1
Uti Mutual Fund                       UTI – Treasury     CARE AAAmfs    -       Revised from
                                      Advantage Fund                            CARE BBB+ mfs
Uti Mutual Fund                       UTI – ST Fund      CARE AAAmfs    -       Revised from
                                                                                CARE BBB mfs
Vub Engineering Pvt. Ltd.             LT Bk Fac (Fund    CARE BBB-;     200     Reaffirmed
                                      based)             Stable                 and Withdrawn

--------------------------------------------------------------------------------------------
$: 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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