September 19, 2019 / 9:43 AM / 2 months ago

CARE ratings for Indian debt instruments-Sep 19

    Sep 19 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of September 18, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Cache Technologies                    ST Bk Fac          CARE A4        22.5    -
(Issuer Not Co-operating; based on best available information)
Dcm Shriram Industries Ltd            ST Bk Fac          CARE A1+       928.5   Reaffirmed
Dfm Foods Ltd                         ST Bk Fac          CARE A1        163.3   -
(Rating put under credit watch)
Indian Armour Systems Pvt Ltd         ST Bk Fac          CARE A4        38      -
(Issuer Not Co-operating; based on best available information)
Lohiya Edible Oils Pvt Ltd            ST Bk Fac          CARE A4+       1050.3  Revised from
                                                                                CARE A3+
(Issuer Not Co-operating; based on best available information)
Lohiya Industries                     ST Bk Fac          CARE A4+       1800    Revised from
                                                                                CARE A3+
Maple Leaf Intelligent Solutions Pvt  ST Bk Fac          CARE A4        60      -
(Issuer Not Co-operating; based on best available information)
P. M. Dwarkadass                      ST Bk Fac          CARE A4        90      -
(Issuer Not Co-operating; based on best available information)
R B A Construction Pvt Ltd            ST Bk Fac          CARE A4+       65      Reaffirmed
Samay Project Services Pvt Ltd        ST Bk Fac          CARE A4        72.5    Reaffirmed
Sgs Marketing                         ST Bk Fac          CARE A4        55      -
(Issuer Not Co-operating; based on best available information)
Unimoni Financial Services Ltd -      Series A PTCs      -              -       Withdrawn
Northern Arc 2018 Gl Cronus
Uti Mutual Fund                       UTI ST Income Fund CARE BBBmfs    -       Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Dcm Shriram Industries Ltd            Medium-term        CARE A+ (FD);  150     Reaffirmed
                                      Instruments –      Stable
                                      Fixed Deposit


LONG TERM RATINGS:
-------------------
Banaras Swarn Kala Kendra Pvt Ltd     LT Bk Fac          CARE BB-       100     -
(Issuer Not Co-operating; based on best available information)
Brookefields Real Estates And ProjectsLT Bk Fac          CARE A-        8600    -
Pvt Ltd
(Continues on credit watch with developing implications)
Cache Technologies                    LT Bk Fac          CARE B+; Stable27.5    -
(Issuer Not Co-operating; based on best available information)
Dcm Shriram Industries Ltd            LT Bk Fac          CARE A+; Stable7129    Reaffirmed
Dfm Foods Ltd                         LT Bk Fac – TL     CARE A         815.6   -
(Rating put under credit watch)
Dfm Foods Ltd                         LT Bk Fac – CC     CARE A         145     -
(Rating put under credit watch)
Essel Finance Amc Ltd                 Essel ST Fund      CARE AAAmfs    -       -
(Rating placed on Notice of Withdrawal for 90 days)
Hill Crest Resort & Spa Pvt Ltd       LT Bk Fac -        Provisional    643.9   Assigned
                                      Proposed           CARE BBB-Stable
Indiabulls Consumer Finance Ltd - Pl_BSeries A PTCs      CARE AAA (SO)  4580.9  Assigned
Securitization Trust Iii June 2019
Indiabulls Consumer Finance Ltd -     Series A PTCs      CARE AAA (SO)  1781.9  Assigned
Pl_Securitization Trust Iv August 2019
Indian Armour Systems Pvt Ltd         LT Bk Fac          CARE B         30      Revised from
                                                                                CARE B+
(Issuer Not Co-operating; based on best available information)
Indus Udyog & Infrastructure Pvt Ltd  LT Bk Fac          CARE B+        220.9   -
(Issuer Not Co-operating; based on best available information)
Ishanika Hotels Pvt Ltd               LT Bk Fac          CARE D         120     Assigned
Jai Jagdamba Metalloys Ltd            LT Bk Fac          CARE BB-;      142     -
                                                         Stable
(Issuer Not Co-operating; based on best available information)
Lohiya Edible Oils Pvt Ltd            LT Bk Fac          CARE BB+;      284.2   Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
(Issuer Not Co-operating; based on best available information)
Lohiya Industries                     LT Bk Fac          CARE BB+;      220     Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
Maple Leaf Intelligent Solutions Pvt  LT Bk Fac          CARE BB-;      10      -
                                                         Stable
(Issuer Not Co-operating; based on best available information)
P. M. Dwarkadass                      LT/ ST Bk Fac      CARE BB;       60      -
                                                         Stable/CARE A4
(Issuer Not Co-operating; based on best available information)
R B A Construction Pvt Ltd            LT Bk Fac          CARE BB; Stable58.3    Reaffirmed
R B A Construction Pvt Ltd            LT / ST Bk Fac     CARE BB;       16.2    Reaffirmed
                                                         Stable/CARE A4+
R.K. Exports                          LT Bk Fac          CARE BB        70      Revised from
                                                                                CARE BB+
(Issuer Not Co-operating; based on best available information)
Rgs Poultry Farm                      LT Bk Fac          CARE B; Stable 59.9    Reaffirmed
Samarth Commodities Merchants Pvt Ltd LT Bk Fac          CARE B; Stable 60      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Co-operating; based on best available information)
Samay Project Services Pvt Ltd        LT Bk Fac          CARE B+; Stable10      Reaffirmed
Sapphire Foods India Pvt Ltd          LT Bk Fac          CARE BBB-;     600     Assigned
                                                         Stable
Saran Alloys Pvt Ltd                  LT Bk Fac          CARE B+        63.5    -
(Issuer Not Co-operating; based on best available information)
Sgs Marketing                         LT Bk Fac          CARE B; Stable 25      -
(Issuer Not Co-operating; based on best available information)
Sgs Marketing                         Long / ST Bk Fac   CARE B; Stable 20      -
                                                         /CARE A4
(Issuer Not Co-operating; based on best available information)
Shri Salasar Agro Processors          LT Bk Fac          CARE BB-       193.5   Revised from
                                                                                CARE B+;
                                                                                Stable
Soni Ginning Factory                  LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Tree House Education And Accessories  LT Bk Fac (Fund    CARE D         120     -
                                      Based- optionally
                                      convertible debenture)
(Issuer Not Co-operating; based on best available information)
Tree House Education And Accessories  LT Bk Fac (TL)     CARE D         878     -
(Issuer Not Co-operating; based on best available information)
Tree House Education And Accessories  LT Bk Fac (Fund    CARE D         30      -
                                      Based- WCDL)
(Issuer Not Co-operating; based on best available information)
Vrindaa Crafts Pvt Ltd                LT Bk Fac          CARE B+        110     -
(Issuer Not Co-operating; based on best available information)
Yerrow Finance & Investments Pvt Ltd  Proposed CP issues -              -       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)
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