September 15, 2017 / 5:06 AM / 6 months ago

CARE ratings for Indian debt instruments-Sep 15

    Sep 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of September 14, 2017.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
-------                               ----------         ------        -------  ---------
Ahimsa Industries Ltd                 ST Bk Fac          CARE A4+       50      Reaffirmed
Aym Syntex Ltd                        ST Bk Fac          CARE A1        2310    Reaffirmed
(enhanced from Rs.206.00 crore)
Aym Syntex Ltd                        CP                 CARE A1        250     Reaffirmed

Gemini Edibles & Fats India Pvt Ltd   ST Bk Fac          CARE A2+       3810    Reaffirmed
J.J.Glastronics Pvt Ltd               ST Bk Fac          CARE A4+       260     Reaffirmed
Jk Cement Ltd                         ST Bk Fac          CARE A1+       3000    Reaffirmed
Jk Cement Ltd                         CP (CP)*           CARE A1+       1500    Reaffirmed
*carved out of working-capital limits
Krishi Constructions Pvt Ltd          ST Bk Fac          CARE A4        50      Assigned
Lloyds Engineering Corporation Pvt LtdST Bk Fac          CARE A4        68      Reaffirmed

Ahimsa Industries Ltd                 LT Bk Fac          CARE BB+       30      Reaffirmed
(reduced from 4.79crs)
Ahimsa Industries Ltd                 LT/ ST Bk Fac      CARE BB+ /CARE 70      Reaffirmed
Asian Hotels (North) Ltd              LT Bk Fac          CARE BBB-      2550    Revised from
                                                                                CARE BB
Aym Syntex Ltd                        LT Bk Fac          CARE A         1993.6  Reaffirmed
(enhanced from Rs. 196.93 crore)
Aym Syntex Ltd                        NCD                CARE A         250     Reaffirmed
Dish Infra Services Pvt. Ltd          LT/ST Bk Fac       CARE           18335.3 Reaffirmed
(enhanced from 1633.53CRS)*Backed by unconditional and irrevocable corporate guarantee by Dish
TV India Ltd
Gautambudh Cars Pvt Ltd               LT Bk Fac          CARE B         150     Assigned
Gemini Edibles & Fats India Pvt Ltd   LT Bk Fac          CARE A-        360     Reaffirmed
(Reduced from 37crs)
Gp Wind (Jangi) Pvt Ltd               Proposed           CARE AA-(SO)   3000    Assigned
                                      Debentures-NCD @
@ backed by unconditional and irrevocable sponsor support undertaking from Genting Energy
Limited and Letter of Comfort from Genting Berhad.
Hari Krishna Chaudhary Foundation     LT Bk Fac          CARE BB+       62      Assigned
J.J.Glastronics Pvt Ltd               LT Bk Fac          CARE BB        60      Reaffirmed
(Enhanced from 5crs)
J.K. Cement Works (Fujairah) Fzc      LT Bk Fac          CARE AA (SO)   5635.8  Revised from
                                                                                CARE AA-(SO)
(reduced from 619.67CRS)
Jk Cement Ltd                         LT Bk Fac          CARE AA        20310.6 Revised from
                                                                                CARE AA-
(reduced from 2155.74CRS)
Jk Cement Ltd                         LT NCDs (NCD)      CARE AA        6650    Revised from
                                      (Aggregate)                               CARE AA-
Jk Cement Ltd                         Proposed LT        CARE AA        500     Revised from
                                      NonConvertible                            CARE AA-
Kanachur Islamic Education Trust      LT Bk Fac          CARE B         1400    Assigned
Krishi Constructions Pvt Ltd          LT Bk Fac          CARE BB        30      Assigned
Krishna Cotton                        LT Bk Fac          CARE B+        85      Assigned
Lloyds Engineering Corporation Pvt LtdLT Bk Fac          CARE BB        62      Revised from
                                                                                CARE BB+
Lloyds Engineering Corporation Pvt LtdLT/ST Bk Fac       CARE BB /CARE  120     Revised from
                                                         A4                     CARE
Nand Enterprise                       LT Bk Fac          CARE B+        65      Assigned
Popular Scooters Pvt Ltd              LT Bk Fac          CARE BB        90      Assigned
Shivam Jewels                         Bk Fac-FB - LT/    CARE BBB /CARE 405     Reaffirmed
                                      STCC/Packing CreditA3
Sintex Industries Ltd                 LT Bk Fac          CARE A         37499.2 Reaffirmed
Sintex Industries Ltd                 Long/ST Bk Fac     CARE A /CARE A17250    Reaffirmed
Sri Laxmi Narasimha Rice Industry     LT Bk Fac          CARE D         60      Revised from
                                                                                CARE B
Toyo Engineering India Pvt Ltd        LT/ST Bk Fac       CARE A+/CARE   22270   Reaffirmed
Trinity Landmark Llp                  LT Bk Fac          CARE BBB-      2500    Reaffirmed
Vrushvik Entertainment Pvt Ltd        Proposed Non -     ProvCARE A     10000   Assigned
Zee Media Corporation Ltd             LT Bk Fac - TL     ProvCARE A     4000    Assigned
Zee Media Corporation Ltd             LT Bk Fac – Fund   ProvCARE A     1000    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
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