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CARE ratings for Indian debt instruments-Nov 9

    Nov 9  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of November 6, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Chola Spinning Mills Pvt Ltd          ST Bk Fac          CARE A4+       26.1    Revised from
                                                                                CARE A3
Feedback Infra Pvt Ltd                ST Bk Fac          CARE A4;       718.8   Revised from
                                                                                CARE A3;
Revision in credit watch from NegativeImplications to Developing Implications
Jai Mata Di Enterprises               ST Bk Fac          CARE A4        90      -
Rating moved to (Issuer Not Cooperating) category
Micromax Informatics Ltd              ST BkFac           CARE A4+       2561.1  Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Motor World Pvt Ltd                   ST Bk Fac          CARE A4        190     Reaffirmed
Pashupati Excrusion Pvt Ltd           ST Bk Fac          CARE A3        5.2     Reaffirmed
Royal Wood Pvt Ltd                    ST Bk Fac          -              -       Withdrawn
S S Infrastructure Development        ST Bk Fac          -              -       Reaffirmed at
Consultants Ltd                                                                 CARE A4 and
                                                                                Withdrawn
(Issuer Not Cooperating)
Se Forge Ltd                          ST Bk facility –   CARE A4        960     Revised from
                                      Non Fund based                            CARE D
                                      working capital limits
Senthil Timber Traders                ST Bk Fac          CARE A4        100     -
(Issuer Not Cooperating)
Spacetech Equipments & Structurals PvtST Bk Fac          CARE A4;       70
Ltd
(Issuer Not Cooperating)
Suntec Energy Systems                 ST Bk Fac          CARE A4+       14      Reaffirmed
Swastik Ceracon Ltd                   ST Bk Fac          -              -       Withdrawn
Tsr Nirmaan Pvt Ltd                   ST Bk Fac          CARE A3        700     Revised from
                                                                                CARE A4+
Rating removed from (Issuer Not Cooperating) category/(Enhanced from 45.00 Crore)
 

LONG TERM RATINGS:
-------------------
Ak Construction Company               LT Bk Fac          CARE BB; Stable80      Assigned
Ak Construction Company               LT / ST Bk Fac     CARE BB;       360     Assigned
                                                         Stable /CARE A4
Ak Infraprojects Pvt Ltd              LT                 CARE BB;       120     Assigned
                                                         Stable
Ak Infraprojects Pvt Ltd              LT/ ST BkFac       CARE BB;       350     Assigned
                                                         Stable/CARE A4
Bhatia Photo Industries Pvt Ltd       LT Bk Fac          CARE BB;       188     Reaffirmed;
                                                         Negative
Outlook revised from Stable /(Enhanced from 10.00 Crore)
Bhatia Photo Industries Pvt Ltd       LT / ST Bk Fac     CARE BB;       62      Reaffirmed;
                                                         Negative /CARE
                                                         A4
Outlook revised from Stable /(Enhanced from 6.00 Crore)
Care Office Equipment Ltd             LT Bk Fac          -              -       Withdrawn
Care Office Equipment Ltd             LT/ ST Bk Fac      -              -       Withdrawn
Chola Spinning Mills Pvt Ltd          LT Bk Fac          CARE BB+;      1719.4  Revised from
                                                         Stable                 CARE BBB-;
                                                                                Negative
(reduced from 179.99 Crore)
Clix Capital Services Pvt Ltd         LT Bk Fac          CARE A+; Stable12200   Reaffirmed
(reduced from 1820 Crore)
Clix Capital Services Pvt Ltd         NCDs (Proposed)    CARE A+; Stable2000    Assigned
Clix Capital Services Pvt Ltd         NCDs               CARE A+; Stable13000   Reaffirmed
(reduced from 1400 Crore)
Clix Capital Services Pvt Ltd         LT/ST Bk Fac       CARE A+;       2300    Reaffirmed
                                                         Stable/CARE A1+
Clix Capital Services Pvt Ltd         Market Linked      CARE PP-MLD    1000    Reaffirmed
                                      Debentures         A+; Stable
                                      (Proposed)
Clix Finance India Pvt Ltd            NCDs               CARE A+; Stable2500    Reaffirmed
(reduced from 450 Crore)
Clix Finance India Pvt Ltd            Market Linked      CARE PP MLD    1000    Reaffirmed
                                      Debentures         A+; Stable
                                      (Proposed)
Cure Life Care Pvt Ltd                LT Bk Fac          -              -       Withdrawn
Feedback Infra Pvt Ltd                LT Bk Fac          CARE BB        3016.2  Revised from
                                                                                CARE BBB-;
(Revision in credit watch fromNegative Implications toDeveloping Implications)
Feedback Infra Pvt Ltd                LT – Compulsorily  CARE BB        500     Revised from
                                      Convertible                               CARE BBB-;
                                      Debentures
(Revision in credit watch fromNegative Implications toDeveloping Implications)
Feedback Infra Pvt Ltd                LT/ST BkFac        CARE BB /CARE  3010    Revised from
                                                         A4                     CARE BBB-
                                                                                /CARE A3;
(Revision in credit watch from NegativeImplications to Developing Implications)
Feedback Infra Pvt Ltd                LT – Non-          CARE D         300     Revised from
                                      Convertible                               CARE BBB-
                                      Debentures
(removed from Under Credit watch with Negative Implications)
Ganpat Rai Shri Ram And Company       LT BkFac           -              -       Reaffirmed at
                                                                                CARE
                                                                                B+;Stable and
                                                                                withdrawn
Gbr Metals Pvt Ltd                    LT / ST Bk Fac     CARE BB;       450     Revised from
                                                         Stable /CARE A4        CARE BBB-;
                                                                                Stable / CARE A3
Jai Mata Di Enterprises               LT Bk Fac          CARE B; Stable 51.8    Revised from
                                                                                CARE B+;
                                                                                Stable
(moved to (Issuer Not Cooperating) category)
Kesari Roller Flour Mills Pvt Ltd     LT Bk Fac          CARE BBB-;     400     Revised from
                                                         Stable                 CARE BB+;
                                                                                Positive
(enhanced from 30.00 Crore)
Khushi Foods Ltd                      LT Bk Fac          -              -       Withdrawn
Kiran Global Chem Ltd                 LT Bk Fac          CARE D         931.5
Rating continues to remain under (Issuer Not Cooperating) category
Kiran Global Chem Ltd                 LT/ST Bk Fac       CARE D/CARE D  1085
Rating continues to remain under (Issuer Not Cooperating) category
Kosut Builders And Developers Pvt Ltd LT Bk Fac          CARE B+; Stable45      Assigned
Kubs Safes And Locks Pvt Ltd          LT Bk Fac          CARE D         287.6
Rating continues to remain under(Issuer Not Cooperating)category
Lakshmi Tea Factory                   LT Bk Fac          CARE B+; Stable45.5    Reaffirmed
(Reduced from 5.25 Crore)
Micromax Informatics Ltd              LT BkFac           CARE BB+;      53.9    Revised from
                                                         Stable                 CARE BBB-;
                                                                                Negative
(Issuer Not Cooperating)
Midland Microfin Ltd                  NCDs               CARE BBB;      500     Assigned
                                                         Stable
Motor World Pvt Ltd                   LT Bk Fac          CARE BB-;      160.7   Reaffirmed
                                                         Stable
Naga Hanuman Fish Packers             LT Bk Fac          CARE BBB-;     73.5    Reaffirmed
                                                         Stable
(Reduced from 12.01 Crore)
Naga Hanuman Fish Packers             LT / ST Bk Fac     CARE BBB-;     76.5    Revised from
                                                         Stable /CARE A3        CARE A3
                                                                                Outlook assigned
(Enhanced from 2.99 Crore)
Niil Infrastructures Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Pashupati Excrusion Pvt Ltd           LT Bk Fac          CARE BBB-;     172     Reaffirmed
                                                         Stable
Plg Photovoltaic Pvt Ltd (Erstwhile PlLT Bk Fac          CARE A; Stable 1417.1  Revised from
Photovoltaic Ltd)                                                               CARE A-;
                                                                                Stable
(Reduced from 180.00 Crore)
Premprakash Ginning And Pressing FactoLT Bk Fac          CARE B; Stable 85      -
Rating continues to remain under (Issuer Not Cooperating) category
Royal Wood Pvt Ltd                    LT Bk Fac          -              -       Withdrawn
S S Infrastructure Development        LT Bk Fac          -              -       Reaffirmed at
Consultants Ltd                                                                 CARE C and
                                                                                Withdrawn
(Issuer Not Cooperating)
Sapthagiri Hospitality Pvt Ltd        LT Bk Fac          CARE B; Stable 151.9   Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Sarvottam Vegetable Oil Refinery Pvt  LT Bk Fac          -              -       Withdrawn
Ltd 
Se Forge Ltd                          LT Bk facility -   CARE C         1808.5  Revised from
                                      TL                                        CARE D
Se Forge Ltd                          LT Bk facility –   CARE C         464.5   Revised from
                                      Fund Based Working                        CARE D
                                      capital limits
Senthil Timber Traders                LT Bk Fac          CARE B-;       15      Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating)
Shree Gauri Rice Mill Pvt Ltd         LT Bk Fac          CARE BB-;      150
                                                         Stable
Rating moved to (Issuer Not Cooperating) category
Spacetech Equipments & Structurals PvtLT Bk Fac          CARE B-; Stable32.5    Revised from
Ltd                                                                             CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Spacetech Equipments & Structurals PvtLT / ST Bk Fac     CARE B-;       47.5    Revised from
Ltd                                                      Stable /CARE A4        CARE B+;
                                                                                Stable / CARE A4
(Issuer Not Cooperating)
Suntec Energy Systems                 LT / ST Bk Fac     CARE BB+;      46      Reaffirmed
                                                         Stable /CARE
                                                         A4+
Susee Premium Automobiles Pvt Ltd     LT Bk Fac          CARE D         144.8
(Issuer Not Cooperating)
Swastik Ceracon Ltd                   LT Bk Fac          -              -       Withdrawn
Swastik Ceracon Ltd                   LT/ST Bk Fac       -              -       Withdrawn
Talettutayi Solar Projects Four Pvt   LT Bk Fac          CARE A+; Stable2689.2  Revised from
Ltd                                                                             CARE A; Stable
(Reduced from 279.01 Crore)
Tirupati Agro Oils Pvt Ltd            LT Bk Fac          CARE B+; Stable90
Rating moved to (Issuer Not Cooperating) category
Tsr Nirmaan Pvt Ltd                   LT Bk Fac          CARE BBB-;     230     Revised from
                                                         Stable                 CARE BB+;
                                                                                Stable
Rating removed from (Issuer Not Cooperating) category/(Enhanced from 13.00 Crore)
Unique Impex                          LT Bk Fac          CARE B-;       45      Revised from
                                                         Stable;                CARE B+
Rating 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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