October 26, 2018 / 3:21 AM / 7 months ago

CARE ratings for Indian debt instruments-Oct 26

    Oct 26 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 25, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Exclusive Steel & Casting Ltd         ST Bk Fac          CARE A4        5       Reaffirmed
Jk Agri Genetics Ltd                  ST Bk Fac          CARE A2        20      Reaffirmed
Miot Hospitals Pvt Ltd                ST Bk Fac          CARE A3+       115     Assigned
Padmavati Almex Pvt Ltd               ST Bk Fac          -              -       Withdrawn
Ssc Projects Pvt Ltd                  ST Bk Fac          CARE A4        480

Issuer not cooperating; Based on best available information
Suncity Enterprises                   ST Bk Fac          CARE A4        8       Assigned
Veer Industries                       ST Bk Fac          CARE A4        10      Assigned

LONG TERM RATINGS:
-------------------
Dolphin Terra Firma Pvt Ltd           LT Bk Fac          CARE B         89      Assigned
Emtici Engineering Ltd                LT Bk Fac          CARE A-        275.8   Reaffirmed
(reduced from Rs.36.77 crore)
Exclusive Steel & Casting Ltd         LT/ ST Bk Fac      CARE BB-/A4    115     Reaffirmed
Himanshu Industries                   LT Bk Fac          CARE D         100     -
Issuer not cooperating; Revised from CARE B; on the basis of best available information
Hindustan Hing Supplying Co.          LT Bk Fac          CARE BB-       82.4    Assigned
Itcos Granito Llp                     LT Bk Fac          CARE B+        236.9   Reaffirmed
Itcos Granito Llp                     LT/ST Bk Fac       CARE B+/A4     25      Reaffirmed
Jk Agri Genetics Ltd                  LT Bk Fac          CARE A-        803     Reaffirmed
Kiran Modes                           LT/ST Bk Fac       CARE BB/A4     90      Assigned
Madhu Silica Pvt Ltd                  LT /ST Bk Fac      CARE AA+/A1+   545     Reaffirmed
Miot Hospitals Pvt Ltd                LT Bk Fac          CARE BBB       2669    Assigned
Motil Devi Organic Food Industries PvtLT Bk Fac          CARE B         63.9    -
Ltd
Issuer not cooperating; Revised from CARE B+; on the basis of best available information
Novartis Finance Ltd (Erstwhile       LT Bk Fac          -              -       Withdrawn
Novartis Fiscal Ltd)
Padmavati Almex Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Padmavati Almex Pvt Ltd               LT/ ST Bk Fac      -              -       Withdrawn
Shreemaavaishnavi Agri Producer Co. LtLT Bk Fac          CARE B+        49.5    Assigned
Ssc Projects Pvt Ltd                  LT Bk Fac          CARE BB        120
Issuer not cooperating; Based on best available information
Suncity Enterprises                   LT Bk Fac          CARE BB        60      Assigned
Suncity Enterprises                   Long/ST Bk Fac     CARE BB/A4     420     Assigned
Veer Industries                       LT Bk Fac          CARE B+        60      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@thomsonreuters.com)
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