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CARE ratings for Indian debt instruments-Oct 30

    Oct 30  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of October 29, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Arvind Og Nonwovens Pvt Ltd           ST BkFac           CARE A3+       65      Reaffirmed
(Reduced from Rs.11.00 Crore)
Arvind Pd Composites Pvt Ltd          ST Bk Fac          CARE A2+       47.2    Reaffirmed
Ashok Timber Trading Co.              Short -term BkFac  CARE A4;       250
(Issuer Not Cooperating)
Future Retail Ltd                     ST non-fund based  CARE A4        25000   Revised from
                                      Bk Fac – LC/BG                            CARE A4+
(Revision in Credit watch from developing implications to negative implications)
Garg Re Surfacing And Constructions   ST Bk Fac          CARE A4;       85
(Issuer Not Cooperating)
Joginder Singh                        ST Bk Fac          CARE A4;       40
(Issuer Not Cooperating)
Kannu Aditya (India) Ltd              ST Bk Fac          -              -       Withdrawn
Kerafibertex International Pvt Ltd    ST Bk Fac          CARE A3        62.5    Assigned
Kommineni Infotech Pvt Ltd            ST Bk Fac          CARE D         50      Revised from
                                                                                CARE A4;
(Issuer Not Cooperating)
Milan Pipe Industries                 ST Bk Fac          CARE A4        10      Reaffirmed
Pacific Laminates                     ST Bk Fac          -              -       Reaffirmed at
                                                                                CARE A4 and
                                                                                Withdrawn
Sanctus Global Formulations Ltd       ST Bk Fac          CARE A4;       30
(Issuer Not Cooperating)
Star Agriwarehousing And Collateral   ST Bk Fac – Non    CARE D         300     Rating
Management Ltd                        Fund Based                                revised from
                                                                                CARE A4;
(Issuer Not Cooperating)
The State Trading Corporation Of IndiaST Bk Fac          -              -       Withdrawn
Ltd
Veer Industries                       ST Bk Fac          CARE A4        10      Reaffirmed
Vishnu Chemicals Ltd                  ST Bk Fac          CARE A4+       261
(Issuer Not Cooperating)
Vishnu Chemicals Ltd                  ST Bk Fac          -              0       Reaffirmed at
                                                                                CARE A4+ and
                                                                                withdrawn
 
 
MEDIUM TERM RATINGS:
-------------------
Future Retail Ltd                     Fixed Deposit      CARE B (FD)    7000    Revised from
                                      Programme                                 CARE BB+ (FD)
(Revision in Credit watch from developing implications to negativeimplications)


LONG TERM RATINGS:
-------------------
Alaknanda Hydro Power Co. Ltd         Long- term Bk Fac  CARE D         39380.5 Revised from
                                                                                CARE BBB-
(removed from under Credit watch with Negative Implications)
Arvind Og Nonwovens Pvt Ltd           LT BkFac           CARE BBB;      224.5   Reaffirmed
                                                         Stable
(Reduced from Rs.23.43 Crore)
Arvind Pd Composites Pvt Ltd          LT Bk Fac          CARE BBB+;     148.2   Reaffirmed
                                                         Stable
(Reduced from Rs.20.06 Crore)
Ashok Timber Trading Co.              Long -term BkFac   CARE B-;       75      Revised from
                                                         Stable;                CARE B;
                                                                                Stable;
(Issuer Not Cooperating)
Bee Gee Automobiles (Solan)           LT Bk Fac          CARE BB-;      100     Revised from
                                                         Stable                 CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Bhagwati Cotton Industries            LT Bk Fac          -              -       Revised to
                                                                                CARE B-; from
                                                                                CARE B; and
                                                                                Withdrawn
(Issuer Not Cooperating)
Bharti Charitable Trust               LT Bk Fac          -              -       Revised to
                                                                                CARE BB-;
                                                                                Stable from CARE
                                                                                BB; Stable and 
                                                                                Withdrawn
Brindavan Bottlers Pvt Ltd            LT BkFac (FB)      CARE BB        200     Revised from
                                                                                CARE BB+;
                                                                                Stable
(Issuer Not Cooperating)
Brindavan Bottlers Pvt Ltd            LT BkFac (TL)      CARE BB        614.5   Revised from
                                                                                CARE BB+;
                                                                                Stable
(Issuer Not Cooperating)
Celogen Pharma Pvt Ltd                LT / ST Bk Fac     --             0       Withdrawn
Dev Automates Pvt Ltd                 LT Bk Fac          CARE B;        65      Revised from
                                                         Stable;                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Eklingji Projects Llp                 LT Bk Fac          -              -       Withdrawn
Eklingji Projects Llp                 LT/ ST Bk Fac      -              -       Withdrawn
Farmers Fortune (India) Pvt Ltd       LT Bk Fac – TL     CARE C; Stable 46      Rating
                                                                                revised from
                                                                                CARE BB; Stable;
(Issuer Not Cooperating)
Farmers Fortune (India) Pvt Ltd       Long/ST Bk Fac –   CARE C;        200     Rating
                                      Fund based/ Non    Stable/CARE A4         revised from
                                      Fund based                                CARE BB; Stable/
                                                                                CARE A4;
(Issuer Not Cooperating)
Future Retail Ltd                     LT - TL            CARE B         5280    Revised from
                                                                                CARE BB+
                                                                                (Double B Plus);
(Revision in Credit watch from developing implications to negative implications)
Future Retail Ltd                     LT fund based Bk   CARE B         32500   Revised from
                                      Fac – CC                                  CARE BB+
(Revision in Credit watch from developing implications to negative implications)
Future Retail Ltd                     NCD Issue          CARE B         1990    Revised from
                                                                                CARE BB+
(Revision in Credit watch from developing implications to negative implications)
Future Retail Ltd                     Proposed NCD Issue CARE B         1000    Revised from
                                                                                CARE BB+
(Revision in Credit watch from developing implications to negative implications)
Garg Re Surfacing And Constructions   LT Bk Fac          CARE B+; Stable10      Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Gokaldas Intimatewear Pvt Ltd         LT Bk Fac          -              0       Withdrawn
Gokaldas Intimatewear Pvt Ltd         LT Bk Fac          CARE BBB+      0.5
Placed on credit watch with developing implications and simultaneously on Notice of withdrawal
for 90 days /(Reduced from 40.00 Crore)
Hubli Cotton Industries               Long -term Bk Fac  CARE D         75
(Issuer Not Cooperating)
Joginder Singh                        LT Bk Fac          CARE B-;       20      Revised from
                                                         Stable,                CARE B;
                                                                                Stable outlook
                                                                                assigned
(Issuer Not Cooperating)
Kannu Aditya (India) Ltd              LT Bk Fac          -              -       Withdrawn
Kerafibertex International Pvt Ltd    LT / ST Bk Fac     CARE BBB-;     450     Assigned
                                                         Stable /CARE A3
Kingswood Industries Pvt Ltd          LT Bk Fac          -              -       Withdrawn
Kisanmitra Coldstorage Pvt Ltd        LT Bk Fac          CARE B+; Stable168
(Issuer Not Cooperating)
Kommineni Infotech Pvt Ltd            LT Bk Fac          CARE D         60      Revised from
                                                                                CARE B;
                                                                                Stable;
(Issuer Not Cooperating)
Krishi Infratech                      LT Bk Fac          CARE BB+;      790     -
                                                         Stable;
(Issuer Not Cooperating)
Made Easy Education Pvt Ltd           LT Bk Fac          CARE BB-;      455     Revised from
                                                         Stable                 CARE BB+
(Issuer Not Cooperating)
Metro Agri Industries Ltd             LT Bk Fac          CARE D         138.4
(Issuer Not Cooperating)
Metro Agri Industries Ltd             LT/ST Bk Fac       CARE D/CARE D  26.6
(Issuer Not Cooperating)
Milan Pipe Industries                 LT Bk Fac          CARE B+;       76.8    Reaffirmed
                                                         Stable
(Reduced from 7.70 Crore)
Nanu Ram Goyal And Company            LT BkFac           CARE BB;       40      Revised from
                                                         Stable                 CARE BB-;
                                                                                Stable
Nanu Ram Goyal And Company            LT / ST Bk Fac     CARE BB;       200     Revised from
                                                         Stable /CARE A4        CARE BB-;
                                                                                Stable/CARE A4
Origin Formulations Pvt Ltd           LT Bk Fac          -              -       Withdrawn
Pacific Laminates                     LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB-;
                                                                                Stable And
                                                                                Withdrawn
Popular Group Mangalore               Long -term Bk Fac  CARE D         60
(Issuer Not Cooperating)
Power Televentures Pvt Ltd            LT Bk Fac          -              -       Withdrawn
Power Televentures Pvt Ltd            LT/ ST Bk Fac      -              -       Withdrawn
Prakash Industries Ltd                LT Bk Fac          CARE BB; Stable3534.5  Reaffirmed
(reduced from 437.06 Crore)
Saidham Overseas Pvt Ltd              LT Bk Fac-TL       CARE D         500.3   Assigned
Sanctus Global Formulations Ltd       LT Bk Fac          CARE B+; Stable69.7    Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Shree Jee Educational & Welfare SocietLT Bk Fac          -              -       Revised to
                                                                                CARE B;
                                                                                Stable from CARE
                                                                                B+; Stable and
                                                                                Withdrawn
Star Agriinfrastructure Pvt Ltd       LT Bk Fac – TL     CARE D         176.3   Rating
                                                                                revised from
                                                                                CARE BB; Stable;
(Issuer Not Cooperating)
Star Agriwarehousing And Collateral   LT Bk Fac – TL     CARE D         293.5   Rating
Management Ltd                                                                  revised from
                                                                                CARE BB; Stable;
(Issuer Not Cooperating)
Star Agriwarehousing And Collateral   Long/ST BkFac –    CARE D/CARE D  550     Rating
Management Ltd                        Fund based/Non                            revised from
                                      Fund based                                CARE BB; Stable/
                                                                                CARE A4;
(Issuer Not Cooperating)
Strides Charitable Trust              LT Bk Fac          CARE B-; Stable72.2    Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
The State Trading Corporation Of IndiaLT Bk Fac          -              -       Withdrawn
Ltd
Veer Industries                       LT Bk Fac          CARE B+;       60      Reaffirmed
                                                         Stable
Vishnu Chemicals Ltd                  LT Bk Fac          -              0       Reaffirmed at
                                                                                CARE BB+;
                                                                                Stable and
                                                                                withdrawn
Vishnu Chemicals Ltd                  LT Bk Fac          CARE BB+;      260
                                                         Stable
(Issuer Not Cooperating)
Zydus Wellness Ltd                    NCDs Issue         -              -       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@refinitiv.com)
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