October 24, 2018 / 4:20 AM / in 23 days

CARE ratings for Indian debt instruments-Oct 24

    Oct 24 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 23, 2018.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Airox Technologies Pvt Ltd            ST Bk Fac          CARE A4        2.5     Reaffirmed
Innovators Façade Systems Ltd         ST Bk Fac – LOC    CARE A3+       161.3   Revised from
                                      (LC)                                      CARE A3
(enhanced from Rs.8.25 crore Crore)

Innovators Façade Systems Ltd         ST Bk Fac – BG     CARE A3+       465     Revised from
                                                                                CARE A3
(enhanced from Rs.30.00 crore Crore)
Magni Tech Speciality Cables Pvt Ltd  ST Bk Fac          CARE A4        5       Assigned
N. Sarkar Agro Products Pvt Ltd       ST Bk Facility     CARE A4        1.8     -
New India Roadways                    ST Bk Fac          CARE A4        300     Assigned
Reliance Jio Infocomm Ltd             CP                 CARE A1+       300000  Reaffirmed
(enhanced from 25,000 Crore)
Ruchira Papers Ltd                    ST Bk Fac          CARE A3+       70      -
(enhanced from 6.25 Crore),Removed from Credit Watch with Negative Implications and placed on
Credit Watch with Developing Implications.
Suresh Chandra Agrawal                ST Bk Fac          CARE A4        45      Assigned
Swagath Motels Pvt Ltd                Short -term BkFac  CARE A4        5       -
ISSUER NOT COOPERATING

LONG TERM RATINGS:
-------------------
4S Spintex India Pvt Ltd              LT Bk Fac          CARE B+        196.9   -
(Issuer not cooperating)
Airox Technologies Pvt Ltd            LT Bk Fac          CARE BB-       57.5    Reaffirmed
Dharamraj Jewellers                   LT BkFac           CARE BB-       200     Revised from
                                                                                CARE B+
ISSUER NOT COOPERATING,(Enhanced from Rs.17 crore Crore)
Innovators Façade Systems Ltd         LT Bk Fac – CC (CC)CARE BBB       313.7   Revised from
                                                                                CARE BBB-
Lalpur Wind Energy Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Magni Tech Speciality Cables Pvt Ltd  LT Bk Fac          CARE B         65      Assigned
Mallikharjuna Agencies                LT Bk Fac          CARE B+        50      Assigned
Mobile King                           LT Bk Fac          CARE BB-       50      Assigned
N. Sarkar Agro Products Pvt Ltd       LT Bk Facility     CARE B         67.4    Assigned
New India Roadways                    LT Bk Fac          CARE BB        50      Assigned
Reliance Jio Infocomm Ltd             LT Bk Fac          CARE AAA       500000  Reaffirmed
(enhanced from 45,000 Crore)
Ruchira Papers Ltd                    LT Bk Fac          CARE BBB+      970     -
(enhanced from 71.16 Crore),Removed from Credit Watch with Negative Implications and placed on
Credit Watch with Developing Implications
Sb Energy Four Pvt Ltd                LT Bk Fac          CARE A-        7570    Assigned
Shiva Om Agro Industries              LT Bk Fac          CARE B+        50      Assigned
Shree Niketan Sarees Pvt Ltd          LT Bk Fac          CARE BB-       50      Assigned
Sri Aravinda Steels                   LT Bk Fac          CARE B+        70      Assigned
Sri Manjunatha Spinning Mills         LT Bk Fac          CARE BB-       160     Reaffirmed
(Reduced from Rs.18.60 crore Crore)
Suresh Chandra Agrawal                LT Bk Fac          CARE B+        33.6    Assigned
Swagath Motels Pvt Ltd                Long -term BkFac   CARE BB        60      -
(Issuer not cooperating)
--------------------------------------------------------------------------------------------
$: 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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