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CARE ratings for Indian debt instruments-Oct 12
October 12, 2017 / 5:03 AM / in 2 months

CARE ratings for Indian debt instruments-Oct 12

    Oct 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 11, 2017.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bhavna Property Developers Ltd        ST Bk Fac          CARE A4+       50      -
Issuer not cooperating
Dewan Housing Finance Corporation Ltd.Proposed CP Issue  CARE A1+       100000  Assigned
Farista Vanijya Pvt Ltd               ST Bk Fac          CARE A4        4       -

Issuer not cooperating
Gandhi Road Builders                  ST Bk Fac          CARE A4        75      -
Issuer not cooperating
Haldia Nirman Projects Pvt. Ltd       ST Bk Fac          CARE A4        20      -
Issuer not cooperating
K.V.J Builders And Developers Pvt Ltd ST Bk Fac          CARE A4        70      Assigned
Leesun Ceramic Tiles Co               ST Bk Fac          CARE A4        12.5    Reaffirmed
Natural Food Products                 ST Bk Fac          CARE A3        200     Assigned
Partap Fabrics Pvt Ltd                ST Bk Fac          CARE A3+       18      Assigned
Prestige Interio Concepts Pvt Ltd     ST Bk Fac          CARE A4        22.5    Assigned
Prestige Interio Concepts Pvt Ltd     Proposed ST Bk Fac CARE A4        12.5    Assigned
Rasi Nutri Foods                      ST Bk Fac          CARE A3        400     Assigned
Royal Pressing & Components Pvt Ltd   ST Bk Fac          CARE A4        35      Assigned
Savion Ceramic                        ST Bk Fac          -              -       Withdrawn
Skv Infratech Pvt Ltd                 ST Bk Fac          CARE A4        105     -
Issuer not cooperating
Sri Krishnadevaraya Constructions     ST Bk Fac          CARE A4        60      Assigned
Suvarnabhoomi Enterprises Pvt Ltd     ST Bk Fac          CARE A3        175     Assigned
Vijai Shree Pvt Ltd                   ST Bk Fac          CARE A3        80      Assigned
Willowood Chemicals Pvt Ltd           ST Bk Fac          CARE A2+       960     Reaffirmed


LONG TERM RATINGS:
-------------------
Aircel Cellular Ltd                   LT Bk Fac*         CARE BB + ^    174790  Revised from
                                                                                CARE BBB-
^backed by support provided by the sponsor (Maxis Communications Berhad)
*Part of Group facilities (interchangeable between Aircel Limited, Aircel Cellular Limited,
Dishnet Wireless Limited and
Aircel Smart Money Limited) 
Aircel Ltd                            LT Bk Fac*         CARE BB+ ^     174790  Revised from
                                                                                CARE BBB-
                                                                                (SO)^
^backed by support provided by the sponsor (Maxis Communications Berhad)
*Part of Group facilities (interchangeable between Aircel Limited, Aircel Cellular Limited,
Dishnet Wireless Limited and
Aircel Smart Money Ltd                LT Bk Fac*         CARE BB + ^    174790  Revised from
                                                                                CARE BBB-
^backed by support provided by the sponsor (Maxis Communications Berhad)
*Part of Group facilities (interchangeable between Aircel Limited, Aircel Cellular Limited,
Dishnet Wireless Limited and
Alcove Developers Llp                 LT Bk Fac          CARE BB+       500     Assigned
Amul Feed Pvt Ltd                     LT Bk Fac          CARE BB        104     -
Issuer not cooperating
Arvind Envisol Pvt Ltd                Long/ST Bk Fac     -              -       Withdrawn
Bhavna Property Developers Ltd        LT Bk Fac          CARE BB        150     -
Issuer not cooperating
C.P. Ispat Pvt Ltd                    LT Bk Fac          CARE D         145     -
Issuer not cooperating
C.P. Sponge Iron Pvt Ltd              LT Bk Fac          CARE B+        200     -
Issuer not cooperating
Dishnet Wireless Ltd                  LT Bk Fac*         CARE BB+ ^     174790  Revised from
                                                                                CARE BBB-
^backed by support provided by the sponsor (Maxis Communications Berhad)
*Part of Group facilities (interchangeable between Aircel Limited, Aircel Cellular Limited,
Dishnet 
Fair Deal Food Ventures Pvt Ltd       LT Bk Fac          CARE BBB       350     Assigned
Farista Vanijya Pvt Ltd               LT Bk Fac          CARE B         69      -
Issuer not cooperating
Fedbank Financial Services Ltd (FedfinLT Bk Fac          CARE AA-       10000   Reaffirmed
Gandhi Road Builders                  LT Bk Fac          CARE BB-       25      -
Issuer not cooperating
Haldia Nirman Projects Pvt. Ltd       LT Bk Fac          CARE B         56.5    -
Issuer not cooperating
Indiabulls Infraestate Ltd            LT Instrument-NCD  CARE AA-       10000   Assigned
Indiabulls Properties Pvt Ltd         LT Instrument-NCD  CARE AA-       2000    Assigned
K.V.J Builders And Developers Pvt Ltd LT Bk Fac          CARE B+        105     Reaffirmed
Leesun Ceramic Tiles Co               LT Bk Fac          CARE B+        78.6    Reaffirmed
Mahadev Marmo Pvt Ltd                 LT Bk Fac          CARE BB-       111.6   Assigned
Managing Committee Of Institute Of    LT Bk Fac          CARE B         60      -
Management Information
Issuer not cooperating
Moradabad Bareilly Expressway Ltd     NCD issue          CARE A         3550    Assigned
Moradabad Bareilly Expressway Ltd     LT Bk Fac (TL)     CARE A         13577.2 Assigned
Motil Devi Organic Food Industries PvtLT Bk Fac          CARE B+        63.9    Assigned
Ltd
Natural Food Products                 LT Bk Fac          CARE BBB       660     Assigned
Partap Fabrics Pvt Ltd                LT Bk Fac          CARE BBB       505     Assigned
Prestige Interio Concepts Pvt Ltd     LT Bk Fac          CARE B+        22.2    Assigned
Prestige Interio Concepts Pvt Ltd     Proposed LT Bk Fac CARE B+        10      Assigned
Rasi Nutri Foods                      LT Bk Fac          CARE BBB       550     Assigned
Royal Pressing & Components Pvt Ltd   LT Bk Fac          CARE BB-       70      Assigned
Savion Ceramic                        LT Bk Fac          -              -       Withdrawn
Skv Infratech Pvt Ltd                 LT Bk Fac          CARE B+        35      -
Issuer not cooperating
Sri Krishnadevaraya Constructions     LT Bk Fac          CARE BB        30      Assigned
Suvarnabhoomi Enterprises Pvt Ltd     LT Bk Fac          CARE BBB       470     Assigned
Swastik Infra-Logic (India) Pvt Ltd   LT Bk Fac (Fund    CARE B         80      Revised from
                                      based Bk limits)                          CARE BB
Swastik Infra-Logic (India) Pvt Ltd   Long/ST Bk         CARE B /A4     400     Revised from
                                      facilitie                                 CARE BB / A4
Swastik Infra-Logic (India) Pvt Ltd   LT Bk Fac (TL)     CARE D         30      Revised from
                                                                                CARE BB
Urja Automobiles Pvt Ltd              LT Bk Fac          CARE B+        68.1    Assigned
Vijai Shree Pvt Ltd                   LT Bk Fac          CARE BBB-      70      Assigned
Willowood Chemicals Pvt Ltd           LT Bk Fac          CARE BBB+      370     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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