November 9, 2018 / 4:10 AM / in 9 days

CARE ratings for Indian debt instruments-Nov 9

    Nov 9 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 8, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Agroh Rewa Ring Road Pvt Ltd          ST Bk Fac          CARE A3+ (SO)  9       Reaffirmed
Bansal Infraprojects Pvt Ltd          ST Bk Fac          CARE A3        100     Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)/(enhanced from 5.00crs)
Focus Comtrade Pvt Ltd.               ST Bk Fac – BG     CARE A4        60      Assigned
Focus Comtrade Pvt Ltd.               ST Bk Fac –        CARE A4        5       Assigned
                                      Packing Credit
Mediplus (India) Ltd                  ST Bk Fac          CARE A3        130.5   Reaffirmed
Mojj Engineering Systems Ltd          ST Bk Fac          CARE A4        180     Reaffirmed
Sree Padmanabha Cashew                Short -term Bk Fac CARE A4        5
(Issuer Not Cooperating)
Syrma Technology Pvt Ltd              ST Bk Fac          CARE A3+       200     Revised from
                                                                                CARE A3
LONG TERM RATINGS:
-------------------
Agroh Biaora Tollways Pvt Ltd         LT/ST Bk Fac       -              -       Withdrawn
Agroh Biaora Tollways Pvt Ltd         LT Bk Fac          CARE BBB (SO)  604.2   Reaffirmed
(reduced from Rs.63.35 crore)
Agroh Diu Link Highways Pvt Ltd       LT Bk Fac          CARE BBB (SO)  2941.5  Reaffirmed
Agroh Infrastructure Developers Pvt   LT Bk Fac          CARE BBB       200     Reaffirmed
Ltd 
(enhanced from Rs.15 crore)
Agroh Infrastructure Developers Pvt   LT/ST Bk Fac       CARE BBB /CARE 1200    Reaffirmed
Ltd                                                      A3+
(reduced from Rs.130.00 crore)
Agroh Rewa Ring Road Pvt Ltd          LT/ST Bk Fac       -              -       Withdrawn
Agroh Rewa Ring Road Pvt Ltd          LT Bk Fac          CARE BBB (SO)  505.2   Reaffirmed
(reduced from Rs.52.60 crore)
Bansal Infraprojects Pvt Ltd          LT Bk Fac          CARE BBB-      120     Revised from
                                                                                CARE BB+
(Issuer Not Cooperating)/(enhanced from 7.00 crs)
Fathimuthu Amma Mills Ltd             LT Bk Fac          CARE BBB-      232.5   Reaffirmed
(enhanced from 18.25crs)
Fuletra Agro Food                     LT Bk Fac          CARE B+        40.1    Reaffirmed
(enhanced from 3.75crs)
Fuletra Agro Food                     LT/ ST Bk Fac      CARE B+ /CARE  50      Reaffirmed
                                                         A4
Ivy Health & Life Sciences Pvt Ltd    LT Bk Fac          -              -       Withdrawn
K & J Projects Pvt Ltd                LT Bk Fac          CARE BBB-      213     Reaffirmed
Knowledge Institute Of Technology     LT Bk Fac          CARE BB+       88.4    Assigned
Trust
Manawar Kukshi Tollways Pvt Ltd       LT Bk Fac          CARE BBB (SO)  482.3   Reaffirmed
(reduced from Rs.52.64 crores)
Mediplus (India) Ltd                  LT Bk Fac          CARE BBB-      64.8    Revised from
                                                                                CARE BBB
Mediplus (India) Ltd                  Long/ST Bk Fac     CARE BBB-      7.5     Revised from
                                                         /CARE A3               CARE BBB
Mojj Engineering Systems Ltd          LT Bk Fac          CARE BB        78.5    Reaffirmed
Nk Power & Infrastructure Pvt Ltd     LT Bk Fac          CARE BB+       870     Reaffirmed
(enhanced from 72.00crs)
Seyad Cotton Mills Ltd                LT Bk Fac          CARE BBB-      173.4   Reaffirmed
(reduced from 18.16crs)
Sree Padmanabha Cashew                Long -term Bk Fac  CARE B+        50      -
(Issuer Not Cooperating)
Syrma Technology Pvt Ltd              LT Bk Fac          CARE BBB       188     Revised from
                                                                                CARE BBB-
(enhanced from 17.39crs)
Syrma Technology Pvt Ltd              LT/ ST Bk Fac      CARE BBB       340     Revised from
                                                                                CARE BBB-
(enhanced from 28.00 crs)
Tenshi Life Sciences Pvt Ltd          LT Bk Fac          CARE B+        125     Assigned
Tenshi Life Sciences Pvt Ltd          LT/ ST Bk Fac      CARE B+ /CARE  4.3     Assigned
                                                         A4
Visage Holdings And Finance Pvt Ltd   Proposed NCD       CARE BBB       280     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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