October 25, 2018 / 8:35 AM / 7 months ago

CARE ratings for Indian debt instruments-Oct 25

    Oct 25 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 24, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Amboula Modern Rice Mill Pvt Ltd      ST Fac             CARE A4        5.4     Assigned
Amoda Iron And Steel Ltd              ST Bk Fac          CARE A4        50      Assigned
Deepak Fertiliser And Petrochemicals  CP (CP) issue      CARE A1+       7000    Reaffirmed
Corporation Ltd
(Reduced from 1000 Crores)
E.P.Industrial & Agro Products Pvt LtdST Bk Fac          CARE A4        92.5    -
(Issuer Not Cooperating)
Emation                               ST Bk Fac          CARE A4        2.5     Assigned
Hn Indigos Pvt Ltd                    ST Bk Fac          CARE A4        38.6    Reaffirmed
N C John & Sons Pvt Ltd               ST Bk Fac          CARE A3        350     Assigned
Nav Bharat Trading Company            ST Bk Fac          CARE A4        100     Assigned
Rajputana Lndustries Pvt Ltd          ST Bk Fac          CARE A4+       80      Revised from
                                                                                CARE A4
Ram Niwas & Company                   ST Bk Fac          CARE A4+       130     Assigned
Sayaji Industries Ltd                 ST Bk Fac          CARE A3        55      Assigned
Smartchem Technologies Ltd            CP (CP) issue      CARE A1+       5000    Reaffirmed
(Reduced from 1000 Crores)
Stefina Vitrified Pvt Ltd             ST Bk Fac          CARE A4        40      Reaffirmed
Veerabhadra Exports Pvt Ltd           ST Bk Fac          CARE A4        40      Assigned

LONG TERM RATINGS:
-------------------
Amboula Modern Rice Mill Pvt Ltd      LT Bk Fac          CARE BB-       113.2   Assigned
Amoda Iron And Steel Ltd              LT Bk Fac          CARE B+        100     Assigned
E.P.Industrial & Agro Products Pvt LtdLT Bk Fac          CARE B+        60      -
(Issuer Not Cooperating)
Emation                               LT Bk Fac          CARE BB-       50      Assigned
Exotic Hospitality Nagpur Pvt Ltd     LT Bk Fac          -              -       Withdrawn
Fakirsons Papchem Pvt Ltd             LT / ST Bk Fac     -              -       Withdrawn
Hilltop Concrete Pvt Ltd              LT Bk Fac          CARE D         170     -
(Issuer Not Cooperating)
Hn Indigos Pvt Ltd                    LT Bk Fac          CARE BB        67.8    Reaffirmed
Hn Indigos Pvt Ltd                    LT/ST BkFac        CARE BB/A4     140     Reaffirmed
Indian Receivable Trust 17            Series A PTC       CARE AA- (SO)  -
2018
(Originator: Reliance Commercial
Finance Ltd)
Infutec Healthcare Ltd                LT Bk Fac          CARE D         562.8   Reaffirmed
(Reduced from Rs.71.62 crore Crore)
Infutec Healthcare Ltd                Long - term /      CARE D         145     Reaffirmed
                                      Short - term Bk Fac
Ishwar Ginning Pvt Ltd                LT Bk Fac          CARE D         120     -
(Issuer Not Cooperating)
Ishwar Oil Industries                 LT Bk Fac          CARE D         55.3    -
(Issuer Not Cooperating)
Kedar Cotton Industries               LT Bk Fac          CARE B+        122.3   Reaffirmed
(Enhanced from 9.80 Crore)
Kilburn Chemicals Ltd                 LT Bk Fac          CARE D         2060    Revised from
                                                                                CARE BB+
Micro Precession Pvt Ltd              LT Bk Fac          CARE BB        80.7    Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)/(Enhanced from 7.21 Crores)
Mothers Pride Dairy India Pvt. Ltd    LT Bk Fac          CARE B+        285     -
(Issuer Not Cooperating)
N C John & Sons Pvt Ltd               LT/ ST Bk Fac      CARE BBB-/A3   125     Assigned
Nav Bharat Trading Company            LT Bk Fac          CARE BB        20      Assigned
Patran Foods Pvt Ltd                  LT Bk Fac          CARE BB-       690     Reaffirmed
(increased from 68 Crore)
Piramal Realty Pvt Ltd                CP Issue           -              -       Withdrawn
Rajputana Lndustries Pvt Ltd          LT Bk Fac          CARE BB+       202.5   Revised from
                                                                                CARE BB
Rajputana Lndustries Pvt Ltd          LT / ST Bk Fac     CARE BB+/A4+   38.5    Revised from
                                                                                CARE BB
Ram Niwas & Company                   LT Bk Fac          CARE BB-       20      Assigned
Sayaji Industries Ltd                 LT Bk Fac          CARE BBB       410     Assigned
Sayaji Industries Ltd                 LT/ST BkFac        CARE BBB/A3    1035    Assigned
Shree Ganesh Residency Llp            LT Bk Fac          CARE BB-       296.5   Assigned
Sri Padmavathi Rice Mill              LT Bk Fac          CARE B+        80      Assigned
Sriya Farm                            LT Bk Fac          CARE BB        210     Assigned
St. Wilfred Education Society         LT Bk Fac          CARE BBB       76.2    Assigned
Stefina Vitrified Pvt Ltd             LT Bk Fac          CARE BB-       286.5   Reaffirmed
(reduced from 32.00 Crore)
Veerabhadra Exports Pvt Ltd           LT Bk Fac          CARE BB+       151.3   Assigned
Veerabhadra Exports Pvt Ltd           LT/ST BkFac        CARE BB+/CARE  560     Assigned
                                                         A4
Vishwakarma Automotive Pvt Ltd        LT Bk Fac          CARE B+        180     Assigned
Yamuna Bio Energy Pvt Ltd             LT Bk Fac          CARE BB-       3.4     Reaffirmed
Yamuna Bio Energy Pvt Ltd             LT /STBk Fac       CARE BB-/A4    110
--------------------------------------------------------------------------------------------
$: 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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