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CARE ratings for Indian debt instruments-Sep 21

    Sep 21  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of September 18, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Bebo International                    ST Bk Fac          CARE A4        35      -
(Issuer Not Cooperating); Based on best available information
Dhani Loans And Services Ltd (ErstwhilCP                 CARE A1+       20000   Reaffirmed
Indiabulls Consumer Finance Ltd.)
E Vaidya Pvt Ltd                      ST Bk Fac          CARE A4        21.5    -
(Issuer Not Cooperating); Based on best available information
F. T. Textiles Pvt Ltd                ST Bk Fac          CARE A4+       4       -
(Issuer Not Cooperating); Based on best available information
Fluidtherm Technology Pvt Ltd         ST Bk Fac          CARE A4        74.8    Revised from
                                                                                CARE A4+
(Issuer Not Cooperating); Based on best available information
Gayatri Bioorganics Ltd               ST Bk Fac          CARE D         100     -
(Issuer Not Cooperating); Based on best available information
Jindal India Thermal Power Ltd        ST Bk Fac          CARE D         2097.4  -
(Issuer Not Cooperating); Based on best available information
Kanara Hardwares                      ST Bk Fac          CARE A4        10      -
(Issuer Not Cooperating); Based on best available information
Kripa Telecom                         ST Bk Fac          CARE A4        60      -
(Issuer Not Cooperating); Based on best available information
Merrito Polymers (India) Pvt Ltd      ST Bk Fac          CARE A4        5       -
(Issuer Not Cooperating); Based on best available information
Msp Steel & Power Ltd                 ST Bk Fac          CARE A4+       1170    Reaffirmed
Rays Power Experts Pvt Ltd            ST Bk Fac          CARE D         437.5   -
(Issuer Not Cooperating); Based on best available information
R.Venkata Reddy                       ST Bk Fac          CARE A4;       22.5    -
(Issuer Not Cooperating); Based on best available information
Rajesh Rayon Silk Mills Ltd           ST Bk Fac          CARE A4        2       -
(Issuer Not Cooperating); Based on best available information
Sandeep Enterprises (A Unit Of Vision ST Bk Fac          CARE A4        230     Assigned
Vanijya Pvt Ltd)
Vanamaali Infra Pvt Ltd               ST Bk Fac          CARE A4        80      -
(Issuer Not Cooperating); Based on best available information
 

LONG TERM RATINGS:
-------------------
Aruna Finance Ltd                     LT Bk Fac          CARE BB+;      318.8   Reaffirmed
                                                         Stable
(Enhanced from 21.88 crs)
Bebo International                    LT Bk Fac          CARE B-; Stable30      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating); Based on best available information
Copperstone Clothing Company          Bk Fac-LT/ST- CC   CARE B; Stable 100     Revised from
                                                         /CARE A4               CARE B+;
                                                                                Stable/ CARE A4
(Issuer Not Cooperating)
Dhani Loans And Services Ltd (ErstwhilNCDs               CARE AA- ;     29000   Reaffirmed
Indiabulls Consumer Finance Ltd.)                        Stable
Dhani Loans And Services Ltd (ErstwhilProposed Public    CARE AA- ;     30000   Reaffirmed
Indiabulls Consumer Finance Ltd.)     Issuance of        Stable
                                      Secured Redeemable NonConvertible Debentures
Dhani Loans And Services Ltd (ErstwhilLong & ST Bk Fac   CARE AA-;      100000  Reaffirmed
Indiabulls Consumer Finance Ltd.)                        Stable /CARE
                                                         A1+
E Vaidya Pvt Ltd                      LT Bk Fac          CARE B-; Stable72.5    Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating); Based on best available information
Ekialde Sun Energy Pvt Ltd            LT Bk Fac          CARE BBB-;     626     Assigned
                                                         Stable
F. T. Textiles Pvt Ltd                LT Bk Fac          CARE BB+;      110.5   -
                                                         Stable;
(Issuer Not Cooperating); Based on best available information
Fluidtherm Technology Pvt Ltd         LT Bk Fac          CARE B+;       52.5    Revised from
                                                         Stable;                CARE BB;
                                                                                Stable
(Issuer Not Cooperating); Based on best available information
Gayatri Bioorganics Ltd               LT Bk Fac          CARE D         166.6   -
(Issuer Not Cooperating); Based on best available information
Goa Glass Fibre Ltd                   LT Bk Fac          CARE BB+;      250     Reaffirmed
                                                         Negative
outlook revised from stable
Goa Glass Fibre Ltd                   LT/ST Bk Fac       CARE BB+;      60      Reaffirmed
                                                         Negative /CARE
                                                         A4+
outlook revised from stable
Gujarat Road And Infrastructure CompanNCD(NCD) issue     CARE AAA;      2100    Reaffirmed
Ltd.                                                     Stable
Jindal India Thermal Power Ltd        LT Bk Fac          CARE D         57666.9 -
(Issuer Not Cooperating); Based on best available information
Jindal India Thermal Power Ltd        LT / ST Bk Fac     CARE D         2900    -
(Issuer Not Cooperating); Based on best available information
Jwil Infra Ltd (Formerly Jitf Water   LT Bk Fac          CARE BBB-;     493.2   Reaffirmed
Infrastructure Ltd)                                      Stable
(Enhanced from 25.93 crs)
Jwil Infra Ltd (Formerly Jitf Water   LT / ST Bk Fac     CARE BBB-;     3471.8  Reaffirmed
Infrastructure Ltd)                                      Stable /CARE A3
(Enhanced from 249.65 crs)
K.R Kumar                             LT Bk Fac          CARE C; Stable;90      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating); Based on best available information
Kanara Hardwares                      LT Bk Fac          CARE B+; Stable51      -
(Issuer Not Cooperating); Based on best available information
Kripa Telecom                         LT Bk Fac          CARE B-; Stable30      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating); Based on best available information
Ksh Infra Pvt Ltd                     LT Bk Fac          CARE BBB+;     2282    Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
M. M. Yarns Pvt Ltd                   LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB- and
                                                                                subsequently
                                                                                withdrawn
(Issuer Not Cooperating); Based on best available information
M. M. Yarns Pvt Ltd                   LT / ST Bk Fac     -              -       Reaffirmed at
                                                                                CARE BB-/
                                                                                CARE A4 and
                                                                                subsequently
                                                                                withdrawn
(Issuer Not Cooperating); Based on best available information
Mahadev Building Systems Pvt Ltd      LT Bk Fac          CARE B; Stable 77.2    Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating); Based on best available information
Merrito Polymers (India) Pvt Ltd      LT Bk Fac          CARE B; Stable 50      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating); Based on best available information
Mittal Clothing Company               LT Bk Fac          CARE B+; Stable205.1   Revised from
                                                                                CARE BB-;
                                                                                Stable;
(Issuer Not Cooperating)
Msp Steel & Power Ltd                 LT Bk Fac          -              0       Withdrawn
Msp Steel & Power Ltd                 LT Bk Fac          CARE BB+;      99.5    Assigned
                                                         Negative
Msp Steel & Power Ltd                 LT Bk Fac          CARE BB+;      5139    Reaffirmed
                                                         Negative
Nanj Solar Pvt Ltd                    LT Bk Fac          CARE BBB;      663     Assigned
                                                         Stable
Nirwan Charitable Trust               LT Bk Fac          CARE BBB-;     144.3   Reaffirmed
                                                         Stable
removed from INC/(Reduced from 17.07 crs)
Omega Enterprises                     LT Bk Fac          CARE BB; Stable69.6    Reaffirmed
Ozone Realtors Pvt Ltd                NCD                CARE BB+,      6000    -
                                                         Negative
CARE has sought confirmation from the Debenture trustee, Investor and client pertaining to
payment towards coupon of the bond. However, no formal confirmation has been received from the
Debenture Holders nor the Company so far.As per the debenture trustee, no
information is received either from the Issuer or from the Debenture Holders about the payment.
R.Venkata Reddy                       LT Bk Fac          CARE B+; Stable45      Revised from
                                                                                CARE BB-;
                                                                                Stable;
(Issuer Not Cooperating); Based on best available information
Rajesh Rayon Silk Mills Ltd           LT Bk Fac          CARE B-        145     Revised from
                                                                                CARE B
(Issuer Not Cooperating); Based on best available information
Ratnachintamani Metalloys Pvt Ltd     LT Bk Fac          CARE BB; Stable140     Reaffirmed
removed from (Issuer Not Cooperating)
Rays Power Experts Pvt Ltd            LT Bk Fac          CARE D         100     -
(Issuer Not Cooperating); Based on best available information
Ridham Texport Pvt Ltd                LT Bk Fac          CARE B-        75.1    Revised from
                                                                                CARE B
(Issuer Not Cooperating); Based on best available information
S.M Musthafa                          LT Bk Fac          CARE B-; Stable220     -
(Issuer Not Cooperating); Based on best available information
Sabari Foundation                     Log-term Bk Fac    -              0       Reaffirmed at
                                                                                CARE BB+ and
                                                                                withdrawn
revised the outlook from Positive to Stable
Sandeep Enterprises (A Unit Of Vision LT Bk Fac          CARE B+; Stable170     Assigned
Vanijya Pvt Ltd)
Soham Mineral                         LT Bk Fac          -              -       Reaffirmed at
                                                                                CARE B+;
                                                                                Stable and
                                                                                withdrawn
Sunrise Enterprises (Mumbai)          LT Bk Fac          CARE B+; Stable100     Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Theos Imaging And Diagnostics Llp     LT Bk Fac          CARE D         150     -
(Issuer Not Cooperating); Based on best available information
Ummeed Housing Finance Pvt Ltd        LT Bk Fac          CARE BBB+;     750     Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
Ummeed Housing Finance Pvt Ltd        NCDs               CARE BBB+;     430     Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
Ummeed Housing Finance Pvt Ltd        NCDs               CARE BBB+;     360     Revised from
                                                         Stable                 CARE BBB;
                                                                                Stable
Urjankur Shree Tatyasaheb Kore Warana LT Bk Fac – TL     CARE BB-;      745.2   Reaffirmed
Power Co. Ltd                                            Stable
removed from (Issuer Not Cooperating)/(reduced from 103.50 crs)
Urjankur Shree Tatyasaheb Kore Warana LT Bk Fac (CC)     CARE BB-;      90      Reaffirmed
Power Co. Ltd                                            Stable
removed from (Issuer Not Cooperating)/(reduced from 19.32 crs)
Vanamaali Infra Pvt Ltd               LT Bk Fac          CARE B; Stable 10      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating); Based on best available information
Vijayanag Polymers Pvt Ltd            LT Bk Fac          CARE B-;       73      Revised from
                                                         Stable;                CARE B;
                                                                                Stable;
(Issuer Not Cooperating); Based on best available information
Zenith Dairy Products                 LT Bk Fac          -              -       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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