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CARE ratings for Indian debt instruments-Oct 13

    Oct 13  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of October 12, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Autometers Energitec Ltd              Short- term Bk Fac CARE A3        10      Revised from
                                                                                CARE A4+
(Enhanced from Rs. 0.50 crs)
Hariom Pipe Industries Ltd            ST Bk Fac          CARE A4;       45      Revised from
                                                                                CARE A4+
(Issuer Not Cooperating) Based on best available information
Inchem Laboratories Pvt Ltd           ST Bk Fac          CARE A4        25      Assigned
K Sambhav Powertronics Pvt Ltd        ST Bk Fac          CARE A4        30      -
(Issuer Not Cooperating) Based on best available information
Maa Sheetla Autowheels Pvt Ltd        ST Bk Fac          CARE A4        138.5   -
(Issuer Not Cooperating); Based on best available information
Sri Salasar Balaji Textiles Pvt Ltd   ST Bk Fac          CARE A4        10      Assigned
 
LONG TERM RATINGS:
------------------
Agribiotech Industries Ltd            LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B+;
                                                                                Stable and 
                                                                                Withdrawn
Autometers Energitec Ltd              LT Bk Fac          CARE BBB-;     75      Revised from
                                                         Stable                 CARE BB+;
                                                                                Stable/
(Enhanced from Rs. 4.50 crs)
Autometers Energitec Ltd              LT/ Shortterm Bk   CARE BBB-;     75      Revised from
                                      Fac                Stable/CARE A3         CARE BB+;
                                                                                Stable/
(Enhanced from Rs. 5.00 crs)
Container Corporation Of India Ltd    LT Bk Fac - Non    -              -       Revised to
                                      Fund Based                                CARE AA+;
Under Credit Watch with Developing Implications, from CARE AAA; Under Credit Watch with
Developing Implications, and Withdrawn
Container Corporation Of India Ltd    Issuer Rating      CARE AA+ (Is); -       Revised from
                                                                                CARE AAA (Is);
Under Credit Watch with Developing Implications and Rating placed on Notice of Withdrawal for 3
months.
Dq Entertainment (International) Ltd  LT Bk Fac          CARE D         1555.8  -
(Issuer Not Cooperating) Based on best available information
Hanwant Fastners Pvt Ltd              LT Bk Fac          CARE B-;       54.1    Revised from
                                                                                CARE B;
(Issuer Not Cooperating) Based on best available information
Hariom Pipe Industries Ltd            LT Bk Fac          CARE BB; Stable191.5   Revised from
                                                                                CARE BB+;
                                                                                Stable
(Issuer Not Cooperating) Based on best available information
Inchem Laboratories Pvt Ltd           LT Bk Fac          CARE BB-;      110     Assigned
                                                         Stable
Incline Realty Pvt. Ltd.              NCD issue@         CARE AA+(CE);  2500    Reaffirmed
                                                         Negative
@backed by unconditional and irrevocable corporate guarantee executed by Oberoi Realty Limited
(rated CARE AA+; Negative/CARE A1+) in the favor of lenders/trustee of Incline Realty Pvt. Ltd.
Incline Realty Pvt. Ltd.              LT Bk FacTL*       ProvCARE       4500    Assigned
                                                         AA+(CE);
                                                         Negative
*based on unconditional and irrevocable corporate guarantee proposed to be executed by Oberoi
Realty Limited (ORL) (rated as CARE AA+; Negative/CARE A1+).
K Sambhav Powertronics Pvt Ltd        LT Bk Fac          CARE B-;       30      Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating) Based on best available information
Kashi Vishwanath Stone Crusher        LT Bk Fac          CARE B; Stable 50      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating) Based on best available information
Kushal Karyashala                     LT Bk Fac          CARE B+; Stable55      Revised from
                                                                                CARE BB;
                                                                                Stable;
(Issuer Not Cooperating) Based on best available information
Maa Sheetla Autowheels Pvt Ltd        LT Bk Fac          CARE B-;       75      Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating); Based on best available information
Madhuram Jewellers                    LT Bk Fac          CARE B-;       60      Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating) Based on best available information
Oberoi Constructions Ltd              LT Bk Fac – Drop   CARE AA+(CE);  5000    Reaffirmed
                                      Line Project       Negative
                                      optionally convertible debenture@
@backed by corporate guarantee provided by Oberoi Realty Limited (rated CARE AA+;
Negative/CAREA1+) for its bank facilities)
Paramount Propbuild Pvt Ltd           LT Bk Fac          CARE BBB;      822.1   Reaffirmed
                                                         Stable
(Reduced from Rs. 151.72 crs)
Satwik Feeds                          LT Bk Fac          CARE C; Stable 60      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating) Based on best available information
Shalimar Ksmb Projects                LT Bk Fac          -              -       Withdrawn
Sri Salasar Balaji Textiles Pvt Ltd   LT Bk Fac          CARE BB; Stable560     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@refinitiv.com)
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