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CARE ratings for Indian debt instruments-Nov 6
November 6, 2017 / 7:51 AM / 19 days ago

CARE ratings for Indian debt instruments-Nov 6

    Nov 6 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 3, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amitasha Enterprises Pvt Ltd          ST Bk Fac- Non     CARE A3        950     Assigned
                                      fund based
Asm Spun Tex                          ST Bk Fac          CARE A4        6.8
Issuer Not Cooperating

Balajee Infratech And Constructions PvST Bk Fac          CARE A2        1200    Assigned
Ltd
Eps Instrumentation Pvt Ltd           ST Bk Fac          CARE A4        90
Issuer Not Cooperating
Gujarat Industries Power Co. Ltd      ST Bk Fac          CARE A1+       6700    Reaffirmed
Integrated Cleanroom Technologies Pvt ST Bk Fac          CARE A2+       250     Reaffirmed
Ltd
Jai Bharat Rice Mills                 ST Bk Fac          CARE A4        2
Issuer Not Cooperating
Jumax Foam Pvt Ltd                    ST Bk Fac          CARE A3        50      Assigned
Melstar Information Technologies Ltd  ST Bk Fac          CARE D         30      Revised from
                                                                                CARE A4
Kanyaka Parameshwari Engineering Ltd  ST Bk Fac          CARE A3+       310     Reaffirmed
Kamat Construction Pvt Ltd            ST Bk Fac                                 Withdrawn
Kora Shoes Pvt Ltd                    ST Bk Fac          CARE A4        164.5   Reaffirmed
Maheshwari Technocast Ltd             ST Bk Fac          CARE A4        25      Assigned
Maithan Alloys Ltd                    ST Bk Fac          CARE A1+       4300    Reaffirmed
Neumann Components Pvt Ltd            ST Bk Fac          CARE A4+       50.9
Issuer Not Cooperating
Reliance Industries Ltd               CP                 CARE A1+       190000  Reaffirmed
Restoration Engineers                 ST Bk Fac          CARE A4        67.5    Assigned
Rmbay                                 ST Bk Fac          CARE A4        60      Reaffirmed
Shri Uma Plastic Industries Pvt Ltd   ST Bk Fac          CARE A4        7       Assigned
Sri Ganesh Timber Traders             ST Bk Facility     CARE A4        75      Assigned
Sri Vinayaka Timbers                  ST Bk Fac          CARE A4        85      Assigned
Viraj Exports Pvt Ltd                 ST Bk Fac          CARE A4        155     Reaffirmed


LONG TERM RATINGS:
-------------------
Accuarate Infra Industries Pvt Ltd    LT Bk Fac          CARE D         88.8    Revised from
                                                                                CARE B+
Amitasha Enterprises Pvt Ltd          LT / ST Bk         CARE BBB-      180     Assigned
                                      Facility -fund     /CARE A3
                                      based
Amitasha Enterprises Pvt Ltd          LT / ST Bk         CARE BBB-      420     Assigned
                                      Facility -fund     /CARE A3
                                      based/ Non fund based
Arham Arts                            LT Bk Fac          CARE B-        53.6    Assigned
Asm Spun Tex                          LT Bk Fac          CARE B+        123.2
Issuer Not Cooperating
Avinash Chalana & Company             LT Bk Fac          CARE BB+       100     Reaffirmed
Avinash Chalana & Company             LT/Shortterm Bk FacCARE BB+ /CARE 100     Reaffirmed
                                                         A4+
B. J. Hotels Pvt Ltd                  LT Bk Fac          CARE B+        61.2    Assigned
Balajee Infratech And Constructions PvLT Bk Fac          CARE BBB+      300     Assigned
Ltd
Belstar Investment And Finance Pvt LtdSubordinated Debt  CARE A-        900     Assigned
                                      issue (Proposed)
C.M.Builds Pvt Ltd                    LT Bk Fac          CARE B+        100     Assigned
Deepshikha Exim Pvt Ltd               LT Bk Fac #        CARE A-(SO)    237     Final Rating
# Bank facilities are backed by the unconditional and irrevocable corporate 
guarantee of Jindal Worldwide Limited
Encana International                  LT Bk Fac          CARE B         79.2    Assigned
Eps Instrumentation Pvt Ltd           LT Bk Fac          CARE BB-       15
Issuer Not Cooperating
Fast Track Cfs Pvt Ltd                LT Bk Fac          CARE B+        130
Issuer Not Cooperating
Gujarat Industries Power Co. Ltd      LT Bk Fac          CARE AA-       10154.8 Reaffirmed
Gujarat Industries Power Co. Ltd      LT/ Shortterm Bk   CARE AA- /CARE 3902.6  Reaffirmed
                                      Fac                A1+
Gujarat Jhm Hotels Ltd                LT Bk Fac          CARE BBB+      892.2   Reaffirmed
Gulmohar Traders                      LT Bk Fac          CARE BB+       60      Reaffirmed
Gulmohar Traders                      LT/Shortterm Bk FacCARE BB+ /CARE 100     Reaffirmed
                                                         A4+
Hi-Tec Rock Fibre Pvt Ltd             LT Bk Fac          CARE B+
Issuer Not Cooperating
Integrated Cleanroom Technologies Pvt LT Bk Fac          CARE A         401.3   Revised from
Ltd                                                                             CARE A-
Integrated Cleanroom Technologies Pvt LT Bk Fac/ ST Bk   CARE A /CARE   550     Revised from
Ltd                                   Fac                A2+                    CARE A- /CARE
                                                                                A2+
Jai Bharat Rice Mills                 LT Bk Fac          CARE B+        165.5
Issuer Not Cooperating
Jai Bharat Rice Mills                 LT/ ST Bk Fac      CARE B+/CARE A460
Issuer Not Cooperating
Jsons Foundry Pvt Ltd                 LT Bk Fac          CARE BBB-      600     Assigned
Jumax Foam Pvt Ltd                    LT Bk Fac          CARE BBB-      50      Assigned
Kamat Construction Pvt Ltd            LT Bk Fac                                 Withdrawn
                                      (Proposed)
Kanyaka Parameshwari Engineering Ltd  LT Bk Fac          CARE BBB       80      Reaffirmed
Kora Shoes Pvt Ltd                    LT Bk Fac          CARE BB        24.9    Reaffirmed
Maheshwari Technocast Ltd             LT Bk Fac          CARE B+        72      Assigned
Maithan Alloys Ltd                    LT Bk Fac          CARE A+        1309.9  Reaffirmed
Manipal Health Systems Pvt Ltd        LT Bk Fac Stand by CARE BBB- (SO) 1250    Assigned
                                      LOC
Maxima Traders Bhopal Pvt Ltd         LT Bk Fac          CARE BBB-      230     Reaffirmed
Maxima Traders Bhopal Pvt Ltd         LT/Shortterm Bk FacCARE BBB-      425     Reaffirmed
                                                         /CARE A3
Melstar Information Technologies Ltd  LT Bk Fac          CARE D         140     Revised from
                                                                                CARE BB-
Million Traders Bhopal Pvt Ltd        LT Bk Fac          CARE BBB-      200     Reaffirmed
Million Traders Bhopal Pvt Ltd        LT/Shortterm Bk FacCARE BBB-      250     Reaffirmed
Neumann Components Pvt Ltd            LT Bk Fac          CARE BB+       237.8
Issuer Not Cooperating
Nsp Infrastructure Pvt Ltd            LT Bk Fac          CARE BB-       1120
Issuer Not Cooperating
Nsp Infrastructure Pvt Ltd            LT/ST Bk Fac       CARE BB-/CARE  40
                                                         A4
Issuer Not Cooperating
Rahil Multipack                       LT Bk Fac          CARE B         57.2    Assigned
Reliance Industries Ltd               NCD (Proposed)     CARE AAA       100000  Assigned
Reliance Industries Ltd               NCD/CP(Proposed)   CARE AAA       10000
                                                         /CARE A1+
Reliance Industries Ltd               NCD                CARE AAA;      100000
Restoration Engineers                 LT /ST Bk Fac      CARE BB /CARE  50      Assigned
                                                         A4
Rmbay                                 LT Bk Fac          CARE BB        90      Reaffirmed
Shri Uma Plastic Industries Pvt Ltd   LT Bk Fac          CARE B+        60      Reaffirmed
Sri Ganesh Timber Traders             LT Bk Fac          CARE B         20      Assigned
Sri Vinayaka Timbers                  LT Bk Fac          CARE B         20      Assigned
Tarachand Impex Ltd                   LT Bk Fac #        CARE A-(SO)    313     Final Rating
# Bank facilities are backed by the unconditional and irrevocable 
corporate guarantee of Jindal Worldwide Limited
Tgb Banquets And Hotels Ltd           LT Bk Fac          CARE BB        110     Revised from
                                                                                CARE B+
Viraj Exports Pvt Ltd                 LT Bk Fac                                 Withdrawn
Western Precicast Pvt Ltd             LT Fac             CARE BBB-      320     Assigned
--------------------------------------------------------------------------------------------
$: 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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