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CARE ratings for Indian debt instruments-Sep 10

    Sep 10  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of September 9, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Aaa Vehicleades Pvt Ltd               ST Bk Fac          CARE A4        170     Assigned
Ace Engineers Bureau                  ST Bk Fac          CARE A4        25      -
(Issuer not cooperating); Based on best available information
Amanta Healthcare Ltd                 ST Bk Fac          CARE A4        115.5   Revised
                                                                                from CARE A4+
(Reduced from Rs.13.55 crs)
Avtar Steel Ltd                       ST Bk Fac          CARE A4        150     Revised from
                                                                                CARE A4+
(Issuer not cooperating)
Eneroil Offshore Drilling Ltd         ST Bk Fac          CARE A4+       105     Reaffirmed
G.L. Constructions Pvt Ltd            ST Bk Fac          CARE A4        90      -
(Issuer not cooperating); Based on best available information
Indiamco                              ST Bk Fac          CARE D         145     -
(Issuer not cooperating); Based on best available information
Jamkash Vehicleades Pvt Ltd           ST Bk Fac          CARE A3        212     Assigned
Manappuram Finance Ltd                ST Bk Fac          CARE A1+       29556.1 Reaffirmed
Manappuram Finance Ltd                CP                 CARE A1+       40000   Reaffirmed
Rashi Peripherals Pvt Ltd             ST Bk Fac          CARE A2        80      Reaffirmed
R3 Crop Care Pvt Ltd                  ST Bk Fac          -              -       Revised from
                                                                                CARE D
                                                                                and
                                                                                Withdrawn
(Issuer not cooperating)
Tulsi Devi Educational Society        Bk Fac-            CARE A4        37      -
                                      Fund Based- ST-
                                      Bk
Overdraft (Issuer not cooperating); based on best available information
  
LONG TERM RATINGS:
-------------------
Aaa Vehicleades Pvt Ltd               LT Bk Fac          CARE BB; Stable940     Assigned
Ace Engineers Bureau                  LT Bk Fac          CARE B; Stable 35      -
(Issuer not cooperating); Based on best available information
Amanta Healthcare Ltd                 LT/ Medium         CARE BB (FD);  80      Revised
                                      Term Instruments   Stable                 from CARE BB+
                                                                                (FD); Stable
Amanta Healthcare Ltd                 LT Bk Fac          CARE BB; Stable382.5   Revised
                                                                                from CARE
                                                                                BB+; Stable
(Reduced from Rs.40.25 crs)
Amanta Healthcare Ltd                 LT Bk Fac          CARE BB; Stable38      Assigned
Avtar Steel Ltd                       LT Bk Fac          CARE BB-;      500.09  Revised from
                                                         Stable                 CARE BB+;
                                                                                Stable
(Issuer not cooperating)
Eneroil Offshore Drilling Ltd         LT Bk Fac          CARE BB+;      60      Reaffirmed
                                                         Stable
(Enhanced from 5.00 crs)
Eneroil Offshore Drilling Ltd         LT/ ST Bk Fac      CARE BB+;      190     Reaffirmed
                                                         Stable/CARE A4+
(Enhanced from 9.50 crs)
G.L. Constructions Pvt Ltd            LT Bk Fac          CARE B+        63.2    Revised from
                                                                                CARE BB-
(Issuer not cooperating); Based on best available information
Gayatri Jhansi Roadways Ltd           LT Bk Fac          CARE A+; Stable1683.9  Reaffirmed
(reduced from Rs.192.65 crs)
Gayatri Lalitpur Roadways Ltd         LT Bk Fac          CARE A+; Stable1238.9  Reaffirmed
(reduced from Rs.141.40 crore)
Jamkash Vehicleades Pvt Ltd           LT Bk Fac          CARE BBB-;     941.3   Assigned
                                                         Stable
Jhv Steels Ltd                        LT Bk FacCC        CARE B; Stable;110     Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer not cooperating); Based on best available information
Khushbu Impex                         LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB;
                                                                                Stable and
                                                                                Withdrawn
(Issuer not cooperating)
Khushbu Impex                         Short Bk Facilitie -              -       Reaffirmed at
                                                                                CARE A4 and
                                                                                Withdrawn
(Issuer not cooperating)
Manappuram Finance Ltd                LT Bk Fac          CARE AA; Stable60443.9 Reaffirmed
Manappuram Finance Ltd                NCD – IV           CARE AA; Stable1000    Reaffirmed
Manappuram Finance Ltd                NCD – V            CARE AA; Stable9720    Reaffirmed
Manappuram Finance Ltd                NCD – VI           CARE AA; Stable10500   Reaffirmed
Manappuram Finance Ltd                NCD – VII          CARE AA; Stable5000    Reaffirmed
Manappuram Finance Ltd                NCD – VIII         CARE AA; Stable1000    Reaffirmed
Manappuram Finance Ltd                NCD – IX           CARE AA; Stable2500    Reaffirmed
Manappuram Finance Ltd                NCD - X            CARE AA; Stable1250    Reaffirmed
Nand Enterprises                      LT Bk Fac          CARE B-; Stable87.5    Revised from
                                                                                CARE B; Stable
(Issuer not cooperating); Based on best available information
Nutrient Marine Foods Ltd             LT/ST Bk Fac       CARE D/CARE D  400     -
(Issuer not cooperating); Based on best available information
R3 Crop Care Pvt Ltd                  LT Bk Fac          -              -       Revised from
                                                                                CARE D
                                                                                and 
                                                                                Withdrawn
(Issuer not cooperating)
Rashi Peripherals Pvt Ltd             LT Bk Fac          CARE A-; Stable5077    Reaffirmed
outlook revised from negative
Saarth Enterprises Pvt Ltd            LT Bk Fac          CARE D         80      -
(Issuer not cooperating); Based on best available information
Shree Nath Jee Bakers Pvt Ltd         LT Bk Fac          CARE B+; Stable250     Assigned
Shri Mahavir Bright Steel Udyog       Bk Fac- FundBased- CARE C;        80      Revised from
                                      LT- CC                                    CARE B
(Issuer not cooperating); Based on best available information
The Madras Silks India Pvt Ltd        LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB+;
                                                                                Negative and
                                                                                Withdrawn
(Issuer not cooperating)
The Madras Silks India Pvt Ltd        LT /ST Bk Fac      -              -       Reaffirmed at
                                                                                CARE BB+;
                                                                                Negative/
                                                                                CARE A4+ and
                                                                                Withdrawn
(Issuer not cooperating)
Truetzschler India Pvt Ltd            LT Bk Fac          CARE AA; Stable160     Reaffirmed
Truetzschler India Pvt Ltd            LT/ST Bk Fac       CARE AA;       100     Reaffirmed
                                                         Stable/CARE A1+
Tulsi Devi Educational Society        Bk Fac- FundBased- CARE B-; Stable18.6    Revised from
                                      LT- TL                                    CARE B; Stable
(Issuer not cooperating); based on best available information
Welcast Steels Ltd                    LT Bk Fac          CARE BBB+      113     Revised from
                                                                                CARE A+;
                                                                                Stable
Placed on credit watch with developing implications
Welcast Steels Ltd                    LT/ST Bk Fac       CARE BBB+/CARE 37      Revised from
                                                         A2                     CARE A+;
                                                                                Stable/CARE A1+
Placed on credit watch with developing implications
--------------------------------------------------------------------------------------------
$: 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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