Nov 21 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 20, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Aastrid Life Sciences Pvt Ltd Short - term Bk FacCARE A3 35 Assigned
Ankita Impex Short - term Bk FacCARE A4 49.2 -
(Issuer not cooperating Based on best available information)
Brijbasi Hi-Tech Udyog Ltd Short - term Bk FacCARE A4 80 Reaffirmed
Das Processors ST Bk Fac CARE A4 30 -
(Issuer not cooperating Based on best available information)
Elsteel Modular Products India Pvt LtdShort - term Bk FacCARE A4 76 -
(Issuer not cooperating Based on best available information)
Frizo India Pvt Ltd Short - term Bk FacCARE A4+ 122.5 Reaffirmed
Ganpati Moulders Pvt Ltd Short - term Bk FacCARE A4 10 -
(Issuer not cooperating Based on best available information)
Gare Brothers ST Bk Fac CARE A4 15 -
(Issuer not cooperating Based on best available information)
Greenply Industries Ltd ST Bk Fac CARE A1+ 2500 -
(Removed from credit watch; Rating Reaffirmed)
Hardik Construction Company Short - term Bk FacCARE A4 60 -
(Issuer not cooperating Based on best available information)
Hijaz Leathers Pvt Ltd ST Bk Fac CARE A4 200 Reaffirmed
Oceanic Pharmachem Pvt Ltd Short - term Bk FacCARE A2 150 Assigned
Passion Industries Pvt Ltd Short - term Bk FacCARE A4 40 -
(Issuer not cooperating Based on best available information)
Reliance Jio Infocomm Ltd CP CARE A1+ 350000 Reaffirmed
Sem Industrial Syndicate ST Bk Fac CARE A4 87.5 -
(Issuer not cooperating Based on best available information)
Sharma Construction Company Short - term Bk FacCARE A4 30 -
(Issuer not cooperating Based on best available information)
Speciality Organics Pvt Ltd Short - term Bk FacCARE A4 30 Assigned
Technical Associates Ltd Short - term Bk FacCARE A3+ 600 Assigned
Unitech Fabricators & Engineers Pvt ST Bk Fac CARE A4 42 -
Ltd
(Issuer not cooperating Based on best available information)
Ved Prakash Mithal And Sons ST Bk Fac CARE A4 40 Revised from
CARE A4
(Issuer not cooperating)
Visaka Industries Ltd Short - term Bk FacCARE A1+ 2300 Reaffirmed
Ibc Ltd ST Bk Fac CARE D - Revised from
CARE A4 and
Withdrawn
Shree Hari Chemicals Export Ltd Short - term Bk Fac- - Withdrawn
MEDIUM TERM RATINGS:
-------------------
Visaka Industries Ltd Fixed Deposit CARE AA- (FD); 250 Reaffirmed
programme Stable
LONG TERM RATINGS:
-------------------
Aastrid Life Sciences Pvt Ltd LT Bk Fac CARE BBB-; 115 Assigned
Stable
Ankita Impex LT Bk Fac CARE B; Stable 5.2 -
(Issuer not cooperating Based on best available information)
Brijbasi Hi-Tech Udyog Ltd LT Bk Fac CARE B+; Stable80 Revised from
CARE B; Stable
Cantech Engineers Pvt Ltd LT Bk Fac CARE BB; Stable73.4 Revised from
CARE BB+;
Stable
(Issuer not cooperating Based on best available information)
Chennai Petroleum Corporation Ltd LT Bk Fac CARE AAA; 8600 Reaffirmed
Stable
Das Processors Long- term Bk Fac CARE BB-; 40 -
Stable
(Issuer not cooperating Based on best available information)
Earthen Treasures Natural Resources LT Bk Fac CARE D 50 -
Pvt Ltd
(Issuer not cooperating Based on best available information)
Eastern Automotive LT Bk Fac CARE B; Stable 80 -
(Issuer not cooperating Based on best available information)
Elsteel Modular Products India Pvt LtdLT Bk Fac CARE BB- 29.4 -
(Issuer not cooperating Based on best available information)
Frizo India Pvt Ltd LT Bk Fac CARE BB+; 30 Reaffirmed
Stable
Ganpati Moulders Pvt Ltd LT Bk Fac CARE B+ 108.1 Revised from
CARE BB-
(Issuer not cooperating Based on best available information)
Ganpati Moulders Pvt Ltd Long/ST Bk Fac CARE B+/A4 18.8 Revised from
CARE BB-/A4
(Issuer not cooperating Based on best available information)
Gare Brothers Long- term Bk Fac CARE B- 50 -
(Issuer not cooperating Based on best available information)
Greenply Industries Ltd CP - - Withdrawn
Greenply Industries Ltd LT Bk Fac CARE AA- 1280 -
(Removed from credit watch; Rating Reaffirmed)
Hardik Construction Company LT Bk Fac CARE B; Stable 40 Revised from
CARE B+;
Stable
(Issuer not cooperating Based on best available information)
Ibc Ltd LT Bk Fac CARE D - Revised from
CARE B;
Stable &
Withdrawn
Joshi Enterprise LT Bk Fac CARE B; Stable 50 Reaffirmed
Kotak Agro Processing Pvt Ltd LT Bk Fac CARE BB-; 91.3 Revised from
Stable CARE B; Stable
Oceanic Pharmachem Pvt Ltd LT Bk Fac CARE BBB; 110 Assigned
Stable
Passion Industries Pvt Ltd LT Bk Fac CARE B+; Stable109 -
(Issuer not cooperating Based on best available information)
Reliance Financial Ltd Market Linked CARE PP-MLD BB-3500 Revised from
Debentures CARE BB-
(CE)2/ Stable
(Credit watch with developing implications)
Reliance Financial Ltd Market Linked CARE PP-MLD BB-500 Revised from
Debentures CARE BB-
(CE)2/ Stable
(Credit watch with developing implications)
Reliance Jio Infocomm Ltd NCD CARE 20000 Assigned
AAA(CE)^;Stable
^ backed/to be backed by unconditional and irremovable corporate guarantee from its parent
Reliance Industries Limited (RIL, rated CARE AAA; Stable/CARE A1+)
Reliance Jio Infocomm Ltd LT Bk Fac CARE AAA; 500000 Assigned
Stable
Reliance Jio Infocomm Ltd NCD CARE AAA; 200000 Assigned
Stable
Reliance Jio Infocomm Ltd NCD (Proposed) Provisional 60000 Assigned
CARE
AAA(CE) ^
;Stable
^ backed/to be backed by unconditional and irremovable corporate guarantee from its parent
Reliance Industries Limited (RIL, rated CARE AAA; Stable/CARE A1+)
Reliance Mediaworks Financial ServicesNCDs CARE B-; 6382 Revised from
Pvt Ltd Negative CARE BB (CE)2
/ Stable
Reliance Securities Ltd Market Linked CARE PP-MLD BB-1500 Revised from
Debentures CARE PP-MLD
BB- (CE) 2
(Credit watch with developing implications)
Sem Industrial Syndicate LT Bk Fac CARE B; Stable 37.5 Revised from
CARE B+;
Stable
(Issuer not cooperating Based on best available information)
Sharma Construction Company LT Bk Fac CARE B+ 50 -
(Issuer not cooperating Based on best available information)
Shiv Shankar Rice Mills LT Bk Fac CARE BB-; 130 Reaffirmed
Stable
Shivam Protein Products Pvt Ltd LT Bk Fac CARE D 96.9 Revised from
CARE B
(Issuer not cooperating Based on best available information)
Shree Hari Chemicals Export Ltd LT Bk Fac - - Withdrawn
Solid Stone Co. Ltd LT Bk Fac CARE BB +; 138 Reaffirmed
Stable
Speciality Organics Pvt Ltd LT Bk Fac CARE BB; Stable60 Assigned
Technical Associates Ltd LT Bk Fac CARE BBB; 400 Assigned
Stable
Technical Associates Ltd Long/ST Bk Fac CARE BBB; 1900 Assigned
Stable/A3+
Tuf Commodities Dmcc LT/ Shortterm Bk CARE BBB-; 175 Revised from
Fac Stable/CARE A3 Provisional
CARE BBB/ CARE
A3+ (CE)
(Credit watch with developing implications)
Tuf Metallurgical Pvt Ltd LT/ ST Bk Fac CARE BBB; 600 Reaffirmed
Stable/ A3+
Unitech Fabricators & Engineers Pvt Long- term Bk Fac CARE BB-; 55.4 -
LTD Stable
(Issuer not cooperating Based on best available information)
Ved Prakash Mithal And Sons LT Bk Fac CARE B+; Stable67 Revised from
CARE B+/
Stable
(Issuer not cooperating)
Ved Prakash Mithal And Sons LT/ ST Bk Fac CARE B+; 43 Revised from
Stable/CARE A4 CARE B+;
Stable/ A4
(Issuer not cooperating)
Visaka Industries Ltd LT Bk Fac CARE AA-; 2496.4 Reaffirmed
Stable
Welcos Spunfab LT /ST Bk Fac CARE B+; 95 -
Stable / A4
(Issuer not cooperating Based on best available information)
--------------------------------------------------------------------------------------------
$: 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)
