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CARE ratings for Indian debt instruments-Nov 2

    Nov 2  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of October  30, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Al-Nasir Exports Pvt Ltd              ST Bk Fac          CARE A4        450     -
(Issuer Not Cooperating); Based on best available information
Camson Agri-Ventures Pvt Ltd          Short -term Bk Fac CARE A4        30      Revised from
                                                                                CARE A4 (CE);
Rating continues to remain under (Issuer Not Cooperating) category
Elite Infraprojects Pvt Ltd           ST Bk Fac          CARE D         60      -
Rating continues to remain under (Issuer Not Cooperating) category
Ems Infracon Pvt Ltd                  ST Bk Fac          CARE BB;       1400    Revised from
                                                         Stable/CARE A4         CARE BB+;
                                                                                Stable/ CARE A4
(Issuer Not Cooperating)
Jayalakshmi Sea Foods Pvt Ltd         ST Bk Fac          -              -       Reaffirmed at
                                                                                CARE A4+ and
                                                                                withdrawn
(Issuer Not Cooperating)
K.V.J. Builders And Developers Pvt LtdST Bk Fac          -              -       Reaffirmed at
                                                                                CARE A4 and
                                                                                Withdrawn
(Issuer Not Cooperating)
Loyal Textile Mills Ltd               ST Bk Fac          CARE A3+       4030    Reaffirmed
(Reduced from 433.00 crs)
Malaya Rub Tech Industries            ST Bk Fac          CARE A3        58      Assigned
Malaya Rub Tech Industries            ST Bk Fac          CARE A3        218.5   Reaffirmed
(Enhanced from 21.65 crs)
Navya Constructions                   ST Bk Fac          -              -       Reaffirmed at
                                                                                CARE A4+ and
                                                                                Withdrawn
Oilex Engineers (India) Pvt Ltd       ST Bk Fac          CARE A4        73      Revised CARE
                                                                                A4+;
Rating continues to remain under (Issuer Not Cooperating) category
Rashtriya Chemcials And Fertilizers LtCP                 CARE A1+       30000   Reaffirmed
Rcl Paper And Packagings Ltd          ST Bk Fac          CARE D         27.5    -
Rating continues to remain under (Issuer Not Cooperating) category
Santlal Industries Ltd                ST Bk Fac          CARE A4        370     -
(Issuer Not Cooperating); Based on best available information
Skd Jewellery Pvt Ltd(Erstwhile Nikit ST Bk Fac          CARE A4        70
Jewellery Pvt Ltd)
Rating continues to remain under (Issuer Not Cooperating) category
Shyam Steel Industries Ltd            ST Bk Fac          -              -       reaffirmed
                                                                                and withdrawn
(Issuer Not Cooperating); Based on best available information
Sree Lakshmi Engineering Works        ST Bk Fac          CARE A4        10      -
Rating continues to remain under (Issuer Not Cooperating) category
Sri Sai Earth Movers                  ST Bk Fac          CARE A4        100     Reaffirmed
Rating removed from (Issuer Not Cooperating) category
Tdrl Trading Co                       ST Bk Fac          CARE A4        50      Reaffirmed
The Rajaratna Mills Pvt Ltd           ST Bk Fac          CARE A4        102.9   -
Rating continues to remain under (Issuer Not Cooperating) category
Udupi Power Corporation Ltd           ST Bk Fac          CARE A2+       6050    Reaffirmed
(reduced from 622.80 crs)
Vidhyut Control (India) Pvt Ltd       ST Bk Fac          CARE A4        40      Reaffirmed


LONG TERM RATINGS:
-------------------
Aksigen Hospital Care                 LT Bk Fac          CARE BB-;      120     Revised from
                                                         Stable                 CARE BB;
                                                                                Stable
moved to (Issuer Not Cooperating) category
Al-Nasir Exports Pvt Ltd              LT Bk Fac (FB)     CARE BB        50      -
(Issuer Not Cooperating); Based on best available information
Appu Hotels Ltd                       LT Bk Fac          -              0       Withdrawn
Appu Hotels Ltd                       LT/ ST Bk Fac      -              0       Withdrawn
Appu Hotels Ltd                       NCD (NCD) issue    -              0       Withdrawn
Artemis Auto India Pvt Ltd            LT Bk Fac          CARE D         145     Revised from
                                                                                CARE BB;
                                                                                Stable
Rating continues to remain under (Issuer Not Cooperating) category
Bajoria Agro Processing Pvt Ltd       LT Bk Fac          CARE D         320     Revised from
                                                                                CARE B; Stable
Rating continues to remain under (Issuer Not Cooperating) category
Buildbazaar Technologies (India) Pvt  Proposed NCDs      -              0       Withdrawn
Ltd 
Camson Agri-Ventures Pvt Ltd          Long -term Bk Fac  CARE C         100     Revised from
                                                                                CARE B (CE)
Rating continues to remain under (Issuer Not Cooperating) category
Elite Infraprojects Pvt Ltd           LT Bk Fac          CARE D         95      -
Rating continues to remain under (Issuer Not Cooperating) category
Ems Infracon Pvt Ltd                  LT Bk Fac          CARE BB; Stable157.5   Revised from
                                                                                CARE BB+;
                                                                                Stable
(Issuer Not Cooperating)
Globe Panel Industries India Pvt Ltd  LT Bk Fac          CARE BB        308     -
(Issuer Not Cooperating); Based on best available information
Idfc First Bank Ltd                   -                  -              -       Withdrawn
Jayalakshmi Sea Foods Pvt Ltd         LT/ST Bk Fac       -              -       Reaffirmed at
                                                                                CARE BB+/CARE
                                                                                A4+; and
                                                                                Withdrawn
(Issuer Not Cooperating)
Jeevankiran                           LT Bk Fac          -              -       Withdrawn
                                      (Proposed)
K.V.J. Builders And Developers Pvt LtdLT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B+;
                                                                                Stable and
                                                                                Withdrawn
(Issuer Not Cooperating)
Loyal Textile Mills Ltd               LT Bk Fac          CARE BBB+;     887.6   Reaffirmed
                                                         Negative
(Reduced from 124.00 crs)
Malaya Rub Tech Industries            LT Bk Fac          -              0       Withdrawn
Malaya Rub Tech Industries            LT Bk Fac          CARE BBB-;     403.5   Reaffirmed
                                                         Stable
(Enhanced from 34.93 crs)
Metecno India Pvt Ltd                 LT Bk Fac          CARE BB-;      246.1   -
                                                         Stable
Rating continues to remain under (Issuer Not Cooperating) category
Metecno India Pvt Ltd                 LT / ST Bk Fac     CARE BB-;      200     -
                                                         Stable /CARE A4
Rating continues to remain under (Issuer Not Cooperating) category
Navya Constructions                   LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB;
                                                                                Stable and
                                                                                Withdrawn
Oilex Engineers (India) Pvt Ltd       LT Bk Fac          CARE BB; Stable2       Revised from
                                                                                CARE BB+;
                                                                                Stable;
Rating continues to remain under (Issuer Not Cooperating) category
Oilex Engineers (India) Pvt Ltd       LT/ST Bk Fac       CARE BB;       20      Revised from
                                                         Stable/CARE A4         CARE BB+;
                                                                                Stable/CARE A4+
Rating continues to remain under (Issuer Not Cooperating) category
Orianaa Decorpack Pvt Ltd             LT Bk Fac          -              -       Revised to
                                                                                CARE B;
                                                                                Stable from CARE
B+; Stable and Withdrawn
Rcl Paper And Packagings Ltd          LT Bk Fac          CARE D         72.8    -
Rating continues to remain under (Issuer Not Cooperating) category
Reengus Sikar Expressway Ltd          NCD Issue (NCD)    CARE AAA;      1090    Reaffirmed
                                                         Stable
Reliable Polyester Pvt Ltd            LT Bk Fac          CARE D         55      Revised from
                                                                                CARE B+;
                                                                                Stable
moved to (Issuer Not Cooperating) Category
Reliance Financial Ltd                Market Linked      CARE PP-MLD BB-500     Reaffirmed
                                      Debentures
continues to be on credit watch with developing implications
Reliance Financial Ltd                Market Linked      CARE PP-MLD BB-500     Reaffirmed
                                      Debentures
continues to be on credit watch with developing implications
Robo Silicon Pvt Ltd                  LT Bk Fac          CARE BB+;      503.6   Reaffirmed
                                                         Stable
Outlook revised from Positive
Sadashiva Oil Industries              LT Bk Fac          CARE B+; Stable48.5    Revised from
                                                                                CARE BB-;
                                                                                Stable
moved to (Issuer Not Cooperating) category
Saka Embroidery Pvt Ltd               LT Bk Fac          CARE B; Stable 105.8   Revised from
                                                                                CARE B+;
                                                                                Stable
Rating continues to remain under (Issuer Not Cooperating) category
Santlal Industries Ltd                LT Bk Fac          CARE C         600     Revised from
                                                                                CARE B
(Issuer Not Cooperating); Based on best available information
Shree Radhey Radhey Ispat Pvt Ltd     LT Bk Fac          CARE BB; Stable407.6   Reaffirmed
(Enhanced from 15.00 crs)
Shyam Steel Industries Ltd            LT Bk Fac          -              -       reaffirmed
                                                                                and withdrawn
(Issuer Not Cooperating); Based on best available information
Shyam Steel Industries Ltd            LT/ ST Bk Fac      -              -       reaffirmed
                                                                                and withdrawn
(Issuer Not Cooperating); Based on best available information
Shyam Steel Manufacturing Ltd         a. LT Bk Fac       -              -       reaffirmed
                                                                                and withdrawn
Shyam Steel Manufacturing Ltd         b. LT Bk Fac#      -              -       reaffirmed
                                                                                and withdrawn
#backed by unconditional and irrevocable guarantee extended by Shyam Steel Industries Limited
Shyam Steel Manufacturing Ltd         c. ST Bk Fac#      -              -       reaffirmed
                                                                                and withdrawn
#backed by unconditional and irrevocable guarantee extended by Shyam Steel Industries Limited
Sree Lakshmi Engineering Works        LT Bk Fac          CARE C; Stable 90      Revised from
                                                                                CARE B-;
                                                                                Stable
Rating continues to remain under (Issuer Not Cooperating) category
Sri Sai Earth Movers                  LT Bk Fac          CARE BB; Stable100     Revised from
                                                                                CARE BB-;
                                                                                Stable
Rating removed from (Issuer Not Cooperating) category
Tdrl Trading Co                       LT Bk Fac          CARE B+; Stable40      Reaffirmed
Techno Drugs And Intermediates Pvt LtdLT Bk Fac          CARE B; Stable 68.5    -
Rating moved to (Issuer Not Cooperating) category
Terracis Technologies Ltd (Ttl)       LT Bk Fac – Fund   CARE D         450     -
(Formerly Known As Il&Fs Technologies Based
Ltd (Itl))
(Issuer Not Cooperating); Based on best available information
Terracis Technologies Ltd (Ttl)       LT Bk Fac –        CARE D         1215.5  -
(Formerly Known As Il&Fs Technologies Non-Fund Based
Ltd (Itl))
(Issuer Not Cooperating); Based on best available information
The Rajaratna Mills Pvt Ltd           LT Bk Fac          CARE BB-;      337.2   -
                                                         Stable
Rating continues to remain under (Issuer Not Cooperating) category
Trupti Infrastructure Pvt Ltd         LT Bk Fac          -              -       -
Revised from CARE BB; Negative to CARE BB-; Stable and Withdrawn
Trupti Infrastructure Pvt Ltd         LT/ST Bk Fac       -              -       -
Revised from CARE BB; Negative/CARE A4+ to CARE BB-; Stable/CARE A4 and Withdrawn
Udupi Power Corporation Ltd           LT Bk Fac          CARE A-; Stable38695.9 Reaffirmed
(reduced from 4,162.81 crs)
Vidhyut Control (India) Pvt Ltd       LT Bk Fac          CARE BB; Stable40      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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