November 28, 2018 / 10:16 AM / 3 months ago

CARE ratings for Indian debt instruments-Nov 28

   Nov 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 27, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adithya Automotive Applications Pvt Ltd ST Bk Fac        CARE A2        150     Reaffirmed
D. S. Contractors Pvt Ltd             ST Bk Fac          CARE D         70      -
(Issuer Not Cooperating)
Genus Paper & Boards Ltd              ST Bk Fac          CARE A2        450     Assigned
Gillanders Arbuthnot & Co. Ltd        ST BkFac           CARE A3+       2124.6  Reaffirmed
Gtn Textiles Ltd                      ST Bk Fac          CARE A4        583     Reaffirmed

Harsh Precious Metals Pvt Ltd         ST Bk Fac          CARE A4        13.3    Reaffirmed
Jaguar Overseas Ltd                   ST Bk Fac          CARE A3+       1500    Reaffirmed
Jrj Sea Foods India Pvt Ltd           ST Bk Fac          CARE A4        80      Assigned
Juniper Hotels Pvt Ltd                ST Bk Fac          CARE A4        60      Revised from
                                                                                CARE A4
(Issuer Not Cooperating)
Landmark Sizing                       Short- Term Fac    CARE A4        18.5    Assigned
Millenium Papers Pvt Ltd              ST Bk Fac          -              -       Withdrawn
Mahavir Rolling Mill Pvt Ltd          ST BkFac           CARE A3        60      -
Revised from CARE A4+
Mineral World Llp                     ST Bk Fac          CARE A4        10      Reaffirmed
P.C.Thomas And Company                ST Bk Fac          CARE A4        140     Reaffirmed
Radico Nv Distilleries Maharashtra Ltd ST Bk Fac – LC/BG CARE A1        5       Revised from
                                                                                CARE A2
T M Subramaniam & Co                  Shot-term Bk Fac   CARE A4        20      Assigned
VRP Telematics Pvt Ltd                ST Bk Fac          CARE A3        950     Assigned
WPIL Ltd                              ST Bk Fac          CARE A1        9.6     Reaffirmed
WPIL Ltd                              CP*                CARE A1        150     Reaffirmed
*carved out of sanctioned working capital limits of the company


LONG TERM RATINGS:
-------------------
Adithya Automotive Applications Pvt Ltd LT Bk Fac        CARE BBB+      100     Reaffirmed
B. K. Polimex India Pvt Ltd           LT Bk Fac          -              -       Withdrawn
B. K. Polimex India Pvt Ltd           LT/ST Bk Fac       -              -       Withdrawn
Balaji Acqua & Agro Products Pvt Ltd  LT Bk Fac          CARE B+        120     Assigned
D. S. Contractors Pvt Ltd             LT Bk Fac          CARE D         56.9    -
(Issuer Not Cooperating)
Darpan Jewels (Gujarat) Llp           LT/ ST Bk Fac      CARE BBB-/A3   300     Reaffirmed
Emami Realty Ltd                      LT Bk Fac          CARE A- (SO)   1000    Assigned
Esmart Energy Solutions Pvt Ltd       LT Bk Fac          CARE BB-       259     Reaffirmed
Genus Paper & Boards Ltd              LT Bk Fac          CARE BBB+      1534.5  Assigned
Gillanders Arbuthnot & Co. Ltd        LT BkFac           CARE BBB+      2113.7  Revised from
                                                                                CARE BBB+
Gillanders Arbuthnot & Co. Ltd        Fixed Deposit      CARE BBB+ (FD) 430     Revised from
                                      program                                   CARE BBB+
Gillanders Arbuthnot & Co. Ltd        Long/STBk Fac      CARE BBB+/A3+  553     Revised from
                                                                                CARE BBB+
Gtn Textiles Ltd                      LT Bk Fac          CARE B         124.3   Revised from
                                                                                CARE D
Harsh Precious Metals Pvt Ltd         LT Bk Fac          CARE BB-       1.6     Reaffirmed
Harsh Precious Metals Pvt Ltd         LT/ST Bk Fac       CARE BB-/A4    37      Reaffirmed
High Point Properties Pvt Ltd         NCDs (NCD)^        CARE AA+ (SO)  2250    Final Rating
Ineos Styrolution India Ltd           CP (Standalone)    -              -       Withdrawn
Ipca Laboratories Ltd                 LT/STBk Fac        CARE AA/A1+    11400   Reaffirmed
Jaguar Overseas Ltd                   LT Bk Fac          CARE BBB       275     Reaffirmed
JRJ Sea Foods India Pvt Ltd           LT Bk Fac          CARE BB-       23.48   Assigned
Juniper Hotels Pvt Ltd                LT Bk Fac          CARE BB        4212.2  Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
L.C. Foods Ltd                        Long –term Bk Fac  -              -       Withdrawn
L.C. Foods Ltd                        Long –term Bk Fac/ -              -       Withdrawn
                                      ST Bk Fac
Landmark Sizing                       LT Bk Fac          CARE BB        180.9   Assigned
Landmark Sizing                       Long –term/ST BkFacCARE BB/A4     0.1     Assigned
Mahavir Rolling Mill Pvt Ltd          LT BkFac           CARE BBB-      200     -
Revised from CARE BB+
Manglam Agrotech Pvt. Ltd             LT BkFac           CARE B+        116.1   Assigned
Millenium Papers Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Mineral World Llp                     LT Bk Fac          CARE BB-       105.5   Reaffirmed
P.C.Thomas And Company                LT Bk Fac          CARE BB        50      Revised from
                                                                                CARE BB
Punjab And Sind Bank                  Basel III          CARE A+        10000   Reaffirmed
                                      Compliant Tier I
                                      Bonds
Punjab And Sind Bank                  Lower Tier II      CARE AA        8750    Reaffirmed
                                      Bonds
Punjab And Sind Bank                  Tier II Bonds      CARE AA        5000    Reaffirmed
                                      (Basel-III)
Punjab And Sind Bank                  Tier II Bonds      CARE AA        5000    Reaffirmed
                                      (Basel-III)
                                      (Proposed)
Radico Nv Distilleries Maharashtra LtdLT Bk Fac – TL     -              -       Withdrawal
Radico Nv Distilleries Maharashtra LtdLT Bk Fac - CC     CARE A         -       Revised from
                                                                                CARE A-
Rangoli Wood Pvt Ltd                  LT Bk Fac          CARE B+        62.5    Assigned
Rich Prints Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
RM Rocks And Sand Pvt Ltd             Long -term Bk Fac  CARE B         80      -
(Issuer Not Cooperating)
Sai Venkat Vishnu Hotels Pvt Ltd      LT Bk Fac          CARE BB        95.3    Revised and
                                                                                Removed from
                                                                                CARE BB-
(Issuer Not Cooperating)
Shree Karthik Papers Ltd              LT Bk Fac          CARE BB+       119     Revised from
                                                                                CARE BB
T M Subramaniam & Co                  LT Bk Fac          CARE B         81.6    Assigned
Timezone Entertainment Pvt Ltd        LT Bk Fac*         -              -       Withdrawn
*Backed by Shortfall undertaking by Shopper Stop Ltd
Timezone Entertainment Pvt Ltd        LT Bk Fac-         -              -       Withdrawn
                                      Proposed
Umachi Foods & Commodities Pvt Ltd    LT Bk Fac          CARE B         90      -
(Issuer Not Cooperating)
VRP Telematics Pvt Ltd                LT Bk Fac          CARE BBB-      450     Assigned
WPIL Ltd                              LT Bk Fac          CARE A         872.1   Reaffirmed
WPIL Ltd                              Long/ST Bk Fac     CARE A /CARE A1        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@thomsonreuters.com)
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