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CARE ratings for Indian debt instruments-Nov 5

    Nov 5  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of November 4, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aaa Vehicleades Pvt Ltd               ST Bk Fac          CARE D         170     Revised from
                                                                                CARE A4
Akshar Spintex Ltd                    ST Bk Fac          CARE A4        13.5    Reaffirmed
Alps Hospital Ltd                     ST Bk Fac          CARE A1        40
(Continues to be on Credit watch with Developing Implications)
Asansol Alloys Pvt Ltd                ST Bk Fac          CARE A4        50      Assigned
Balaji Medical And Diagnostics ResearcST Bk Fac          CARE A1 (CE)   160     Revised from
Centre                                                                          CARE A1
(Continues to be on Credit watch with Developing Implications)
Bhagyoday Agro Industries             ST Bk Fac          CARE A4        28      -
(Rating continues to remain under Issuer Not Cooperating category)
Crosslay Remedies Ltd                 ST Bk Fac          CARE A1        100     -
(Continues to be on Credit watch with Developing Implications)
Gujarmal Modi Hospital And Research   ST Bk Fac          CARE A1        40      -
Centre For Medical Sciences
(Continues to be on Credit watch with Developing Implications)
Hindalco Industries Ltd               CP                 CARE A1+       20000   Reaffirmed
Hometrail Buildtech Pvt Ltd           ST Bk Fac          CARE A1        25      -
(Continues to be on Credit watch with Developing Implications)
Hospitality Education Services        ST Bk Fac          CARE D         115     Revised from
International                                                                   CARE A4
Infosoft Digital Design And Services  ST Bk Fac          CARE A4        340     Revised from
Pvt Ltd                                                                         CARE A4+
(moved to Issuer Not Cooperating category)
Kumar Arch Tech Pvt Ltd               ST Bk Fac          CARE A4+       125     -
Magadh Precision Equipment Ltd        ST Bk Fac          CARE D         100     -
(Rating continues to remain under Issuer Not Cooperating category)
Max Healthcare Institute Ltd          ST Bk Fac          CARE A1        7.6     -
(Continues to be on Credit watch with Developing Implications)
Meenambakkam Realty Pvt Ltd           ST Bk Fac          CARE A3        510     Reaffirmed
Nv Distilleries And Breweries Pvt Ltd ST Bk Fac          CARE A4        17.5    -
(Rating moved to Issuer Not Cooperating category)
Polychem Exports                      ST Bk Fac          CARE A4        230     Reaffirmed
Spc Chetak Tollways Pvt Ltd           ST Bk Fac          -              -       Withdrawn
S. R. Seth & Sons                     ST Bk Fac          CARE A4        5       -
(moved to Issuer Not Cooperating category)
Sri Andal Paper Mills Unit II Pvt Ltd ST Bk Fac          -              0       Withdrawn
Shanthi Feeds Pvt Ltd                 ST Bk Fac          CARE A2        1170    Reaffirmed
(Enhanced from 82.00 crs)
Shiv Shakti Knit Fabs                 ST Bk Fac          CARE A4        3.8     -
(Rating moved to Issuer Not Cooperating category)
Sonic Biochem Extractions Pvt Ltd     ST Bk Fac          CARE A2        185     Revised from
                                                                                CARE A3+
(Reduced from 19.50 crs)
 


LONG TERM RATINGS:
-------------------
Aaa Vehicleades Pvt Ltd               LT Bk Fac          CARE D         940     Revised from
                                                                                CARE BB;
                                                                                Stable
Akshar Spintex Ltd                    LT Bk Fac          CARE BB; Stable228.7   Reaffirmed
(Reduced from 24.45 crs)
Alps Hospital Ltd                     LT Bk Fac          CARE A         730
(Continues to be on Credit watch with Developing Implications)
Amber Automobiles                     LT Bk Fac          CARE B-; Stable90      Revised from
                                                                                CARE B; Stable
(moved to Issuer Not Cooperating category)
Asansol Alloys Pvt Ltd                LT Bk Fac          CARE BB; Stable99.7    Assigned
Balaji Medical And Diagnostics ResearcLT Bk Fac          CARE A (CE)    1387.1  Revised from
Centre                                                                          CARE A
(Continues to be on Credit watch with Developing Implications)
Bhagyoday Agro Industries             LT Bk Fac          CARE B+; Stable76      -
(Rating continues to remain under Issuer Not Cooperating category)
Bhagyoday Agro Industries             LT / ST Bk Fac     CARE B+;       20      -
                                                         Stable /CARE A4
(Rating continues to remain under Issuer Not Cooperating category)
Bihani Binayake Cotex Pvt Ltd         LT Bk Fac          CARE B; Stable 106.9   Revised from
                                                                                CARE B+;
                                                                                Stable
(Rating continues to remain under Issuer Not Cooperating category)
Crosslay Remedies Ltd                 LT Bk Fac          CARE A         2450    -
Continues to be on Credit watch with Developing Implications
Devki Devi Foundation                 LT Bk Fac          CARE A (CE)    1279.9  Revised from
                                                                                CARE A
(Continues to be on Credit watch with Developing Implications)/(Enhanced from 126.48 crs)
Ellenabad Steel Pvt Ltd               LT Bk Fac          CARE D         95      -
(Rating continues to remain under Issuer Not Cooperating category)
Fepl Engineering Pvt Ltd              LT Bk Fac          CARE D         20      -
(Rating continues to remain under Issuer Not Cooperating category)
Fepl Engineering Pvt Ltd              LT/ST Bk Fac       CARE D/CARE D  35      -
(Rating continues to remain under Issuer Not Cooperating category)
Gujarmal Modi Hospital And Research   LT Bk Fac          CARE A         730     -
Centre For Medical Sciences
(Continues to be on Credit watch with Developing Implications)
Hindalco Industries Ltd               LT Bk Fac – TL     CARE AA+;      97047.3 -
                                                         Negative
Hindalco Industries Ltd               LT Bk Fac – Fund   CARE AA+;      122455  -
                                      Based              Negative
Hindalco Industries Ltd               NCD issue          CARE AA+;      60000   -
                                                         Negative
Hindalco Industries Ltd               LT/ST Bk Fac – Non CARE AA+;      144660  -
                                      Fund Based         Negative /CARE
                                                         A1+
Hometrail Buildtech Pvt Ltd           LT Bk Fac          CARE A         1444    -
Continues to be on Credit watch with Developing Implications/(Enhanced from 134.43 crs)
Infosoft Digital Design And Services  LT Bk Fac          CARE BB-;      150     Revised from
Pvt Ltd                                                  Stable                 CARE BB+;
                                                                                Stable
(Issuer Not Cooperating category)
Kamal Ideal Infratech Pvt Ltd         LT Bk Fac          CARE D         7.9     -
Rating continues to remain under Issuer Not Cooperating category
Khalghat Sendhwa Tollways Pvt Ltd     LT Bk Fac          CARE A-; Stable4073.5  Reaffirmed
(Reduced from 408.00 crs)
Kln Motors Agencies Pvt Ltd           LT Bk Fac          CARE D         51.4    -
(ating continues to remain under Issuer Not Cooperating category)
Kumar Arch Tech Pvt Ltd               LT Bk Fac          CARE BB+;      55.7    -
                                                         Stable
(Rating moved to Issuer Not Cooperating category; Outlook revised from Positive)
Kumar Arch Tech Pvt Ltd               LT / ST Bk Fac     CARE BB+;      140     -
                                                         Stable /CARE
                                                         A4+
(Rating moved to Issuer Not Cooperating category; Outlook revised from Positive)
Magadh Precision Equipment Ltd        LT / ST Bk Fac     CARE D /CARE D 350     -
(Rating continues to remain under Issuer Not Cooperating category)
Max Healthcare Institute Ltd          LT Bk Fac          CARE A         4280.3  -
(Continues to be on Credit watch with Developing Implications)
Meenambakkam Realty Pvt Ltd           NCD                CARE BB+;      351     Reaffirmed
                                                         Stable
Meenambakkam Realty Pvt Ltd           LT Bk Fac          CARE BBB-;     900     Reaffirmed
                                                         Stable
Nv Distilleries And Breweries Pvt Ltd LT Bk Fac          CARE BB-;      2135.1  -
                                                         Stable
(Rating moved to Issuer Not Cooperating category)
Polychem Exports                      LT / ST Bk Fac     CARE B; Stable 150     Revised from
                                                         /CARE A4               CARE B+;
                                                                                Stable / CARE A4
Rishi Traders                         LT Bk Fac          CARE D         77.3    Revised from
                                                                                CARE BB-;
                                                                                Stable
Rv Realty                             LT Bk Fac          CARE D         95      -
(Rating continues to remain under Issuer Not Cooperating category)
S. R. Seth & Sons                     LT Bk Fac          CARE B+; Stable75      Revised from
                                                                                CARE BB-;
                                                                                Stable
(moved to Issuer Not Cooperating category)
Saket City Hospitals Pvt Ltd          LT Bk Fac          CARE A         3017.2  -
(Continues to be on Credit watch with Developing Implications)
Shanthi Feeds Pvt Ltd                 LT Bk Fac          CARE A-; Stable1285    Reaffirmed
(Enhanced from 120.28 crs)
Shiv Shakti Knit Fabs                 LT Bk Fac          CARE BB-;      157.4   -
                                                         Stable
(Rating moved to Issuer Not Cooperating category)
Shrikrishna Avdhoot Agro Pvt Ltd      LT Bk Fac          CARE D         47.5    -
(Rating moved to Issuer Not Cooperating category)
Sivshree Medittex (India) Pvt Ltd     LT Bk Fac          CARE B+; Stable100     Assigned
Sonic Biochem Extractions Pvt Ltd     LT Bk Fac          CARE BBB+;     282.9   Reaffirmed
                                                         Stable
(Reduced from 30.29 crs)
Sonic Biochem Extractions Pvt Ltd     LT / ST Bk Fac     CARE BBB+;     55      Revised from
                                                         Stable /CARE A2        CARE BBB+;
                                                                                Stable /CARE A3+
Sonic Biochem Extractions Pvt Ltd     LT / ST Bk Fac     CARE BBB+;     1380    Revised from
                                                         Stable /CARE A2        CARE BBB+;
                                                                                Stable
(Enhanced from 128.00 crs)
Spc Chetak Tollways Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Sree Genga Mills Pvt Ltd              LT Bk Fac*         -              0       Withdrawn
* The proposed cash credit facility of Rs. 1.06 Crore has not been sanctioned. Hence the same
remains withdrawn    
Sree Genga Mills Pvt Ltd              LT Bk Fac          CARE D         62.7    Assigned
Sree Genga Mills Pvt Ltd              LT Bk Fac          CARE D         36.7    Revised from
                                                                                CARE B+;
                                                                                Stable
Rating removed from Issuer Not Cooperating category /(Reduced from 6.94crs)
Sri Andal Paper And Boards Pvt Ltd    LT Bk Fac          -              0       Withdrawn
Sri Andal Paper Mills Pvt Ltd         LT Bk Fac          CARE BBB-;     1750    Assigned
                                                         Stable
Sri Andal Paper Mills Pvt Ltd         LT Bk Fac          CARE BBB-;     200     Reaffirmed
                                                         Stable
(Enhanced from 4.00 crs)
Sri Andal Paper Mills Unit Ii Pvt Ltd LT Bk Fac          -              0       Withdrawn
Sridarshan Gold Pvt Ltd               LT Bk Fac          CARE BB-;      64.5    -
                                                         Stable;
(ating moved to Issuer Not Cooperating category)
Trishul Dream Homes Ltd               LT Bk Fac          CARE B-; Stable150     Revised from
                                                                                CARE B+;
                                                                                Stable
(ating continues to remain under Issuer Not Cooperating category)
Trishul Dream Homes Ltd               LT / ST Bk Fac     CARE B-;       270     Revised from
                                                         Stable /CARE A4        CARE B+;
                                                                                Stable / CARE A4
(ating continues to remain under Issuer Not Cooperating category)
Vinay Steel                           LT Bk Fac          CARE D         100     Revised from
                                                                                CARE B; Stable
(ating continues to remain under Issuer Not Cooperating category)
--------------------------------------------------------------------------------------------
$: 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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