October 29, 2018 / 6:08 AM / in 8 months

CARE ratings for Indian debt instruments-Oct 29

    Oct 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of October 26, 2018.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Birla Tmt Holdings Pvt Ltd            CP                 CARE A1+       6000    Reaffirmed
Electro International Company Pvt Ltd ST Bk Fac          CARE A4        59      Reaffirmed
Indfab Projects Pvt Ltd               ST Bk Fac          CARE A4        200     Assigned
Redstone Granito Pvt Ltd              ST Bk Fac          CARE A4+       60      Reaffirmed

Srei Infrastructure Finance Ltd       CP Issue*          CARE A1+       30000   Reaffirmed
* Instrument modified from Standalone issue to Carved out of the sanctioned fund based working
capital limit/Drawing Powers (whichever is lower) of the company 
Turquoise Investments & Finance Pvt   CP                 CARE A1+       7250    Reaffirmed
Ltd
LONG TERM RATINGS:
-------------------
Adani Agri Logistics Ltd              LT Bk Fac          CARE BBB+      3385
Placed on credit watch with developing implications
Anand Coal Agency                     LT Bk Fac          CARE BB        200     -
Issuer Not Cooperating; Revised from CARE BB; on the basis of best available information
Anandaloke Medical Centre Pvt Ltd     LT Bk Fac          -              -       Withdrawn
Anandaloke Medical Centre Pvt Ltd     ST Bk Fac          -              -       Withdrawn
Electro International Company Pvt Ltd LT Bk Fac          CARE BB-       61
Revised from CARE B+
Greenko Clean Energy Projects Pvt Ltd NCD issue*         CARE A+ (SO)   2010    Final Rating
*Backed by unconditional and irrevocable corporate guarantee of Greenko Energies Private Limited
(GEPL; rated CARE A+; Stable/CARE A1+ ).
Greenko Clean Energy Projects Pvt Ltd Proposed NCD issue*CARE A+ (SO)   990     Final Rating
*Backed by unconditional and irrevocable corporate guarantee of Greenko Energies Private Limited
(GEPL; rated CARE A+; Stable/CARE A1+ ).
Indfab Projects Pvt Ltd               LT Bk Fac          CARE BB        37.5    Assigned
Ivy Health & Life Sciences Pvt Ltd    LT Bk Fac          CARE BB+       200     -
Issuer not cooperating; Revised from CARE BBB-; On the basis of best available information
Karan Intermediates Pvt Ltd           LT Bk Fac          CARE BB-       34.3
Revised from CARE B+; (reduced from 5.26 Crore)
Karan Intermediates Pvt Ltd           LT /ST Bk Fac      CARE BB-/A4    20
Long term rating revised from CARE B+; Short term rating assigned
Magnet Buildtech Pvt Ltd              LT Bk Fac          -              -       Withdrawn
Nilkanth Cotton Industries            LT Bk Fac          CARE D         73.2    -
Issuer not cooperating; Based on best available information; Revised from CARE B 
Proteus Enterprise Pvt Ltd            LT Bk Fac          CARE BB-       12.5    Assigned
Proteus Enterprise Pvt Ltd            LT/ ST Bk Fac      CARE BB-/A4    107.5   Assigned
R. L. Agro Foods Pvt Ltd              LT Bk Fac          CARE BB+       650     Assigned
Rdt Precision Tools Pvt Ltd           LT Bk Fac          CARE BB-       127.5   Assigned
Redstone Granito Pvt Ltd              LT Bk Fac          CARE BB+       238.6   Reaffirmed
Reliance Big Entertainment Pvt Ltd    LT Bk Fac – CC     CARE A-(SO)    400**   Assigned
**Backed by credit enhancement in the form of unconditional irrevocable corporate guarantee to
be provided by Reliance Innoventures Pvt. Ltd. (RIPL).
Reliance Big Entertainment Pvt Ltd    LT Bk Fac –        CARE A-(SO)    500**   Assigned
                                      Working Capital
                                      Loan
**Backed by credit enhancement in the form of unconditional irrevocable corporate guarantee to
be provided by Reliance Innoventures Pvt. Ltd. (RIPL).
Rubair Balloons India Pvt Ltd         LT Bk Fac          CARE BB        150     Assigned
Sai Swadhin Commercials Pvt Ltd       LT Bk Fac          CARE D         76.4
Revised from CARE B;
Sarvodaya Mining Services             LT / ST Bk Fac     CARE BBB/A3+   55      Reaffirmed
Shantigram Estate Management Pvt. Ltd.LT Bk Fac          -              -       Withdrawn
Srm Civil Works Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Vijay Pharma                          LT Bk Fac          CARE B+        -       Withdrawn

--------------------------------------------------------------------------------------------
$: 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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below