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CARE ratings for Indian debt instruments-Sep 30

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


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Adithya Automotive Applications Pvt.  ST BkFac           CARE A3+       150     Reaffirmed
Ltd 
Agro Phos (India) Ltd                 ST Bk Fac          CARE A4+       60      Reaffirmed
Akmb Projects Pvt Ltd                 ST BkFac           CARE A4        70
(Issuer Not Cooperating)
Arvind Envisol Ltd                    ST BkFac           CARE A1+ (CE)  38.5    Reaffirmed
(reduced from Rs.45.00 Crore)
Arvind Fashions Ltd                   ST BkFac           CARE A2+       900     Reaffirmed
(reduced from 150.00 Crore)
Arvind Lifestyle Brands Ltd           ST BkFac           CARE A2+ (CE)  1763.2  Reaffirmed
Arvind Ltd                            ST BkFac           CARE A1+       8110.1  Reaffirmed
(reduced from Rs.836.01 Crore)
Avadh Sugar & Energy Ltd              ST BkFac           CARE A2+       200     Revised from
                                                                                CARE A2
(reduced from 39.80 Crore)
Avartanah Infrastructure Pvt Ltd      ST Bk Fac          CARE A4;       40
(Issuer Not Cooperating)
Bardhaman Agro Pvt Ltd                ST Bk Fac          CARE A4;       1.7
(Issuer Not Cooperating)
Bnk Energy Alternatives               ST Bk Fac          CARE A4;       30
(Issuer Not Cooperating)
Bses Rajdhani Power Ltd               ST Bk Fac          CARE A3        7010    Reaffirmed
Bses Yamuna Power Ltd                 ST Bk Fac          CARE A3        3520    Reaffirmed
Buland Construction                   ST Bk Fac          CARE D;        67.5
(Issuer Not Cooperating)
Can Fin Homes Ltd                     CP                 CARE A1+       45000#  Reaffirmed
#Rs.1850 crore outstanding as on September 4, 2020.
Century Flour Mills Pvt Ltd (Formerly ST Bk Fac          CARE A2+       70      Reaffirmed
Known As Century Flour Mills Ltd)
Chimique India Ltd                    ST Bk Fac          CARE A2+       740     Reaffirmed
Cnc India Tools And Services Pvt Ltd  ST Bk Fac          CARE A4;       70
(Issuer Not Cooperating)
Dakshineswar Rice Mill                ST Bk Fac          CARE A4;       2.5
(Issuer Not Cooperating)
Diamond Hometex India Pvt Ltd         ST Bk Fac          CARE A4;       7.5
(Issuer Not Cooperating)
Excel Metal Processors Pvt Ltd        ST Bk Fac          CARE D;        200
(Issuer Not Cooperating)
Fairy Food Products Pvt Ltd           ST Bk Fac          CARE A4;       410
(Issuer Not Cooperating)
Goyal Educational & Welfare Society   STBk Fac           CARE D         10
(Issuer Not Cooperating)
Hindustan Adhesives Ltd               ST Bk Fac          CARE A3        24.5    Reaffirmed
(reduced from 11.06 Crore)
Iifl Wealth Finance Ltd               CP (IPO Financing) CARE A1+       50000   Reaffirmed
Jmc Projects (India) Ltd              CP Issue (carved   CARE A1        1500    Revised from
                                      out of working                            CARE A1+
                                      capital limits)
Jsw Steel Ltd                         CP issue           CARE A1+       50000   Reaffirmed
                                      (Standalone)
Jsw Steel Ltd                         ST Bk Fac – Non    CARE A1+       200890  Reaffirmed
                                      Fund Based
(enhanced from 18,505.00 Crore)
Kk Spintex India Pvt Ltd              ST Bk Fac#         -              0       Withdrawn
(reduced from 2.50 Crore) /# The rating assigned to the Short term bank facility has been
withdrawn as the Export Bill Negotiation facility has been closed as per the sanction letter
provided by the company
K. N. Singh Infratech Pvt Ltd         ST Bk Fac          CARE A4;       32.5
(Issuer Not Cooperating)
K. T. Ravi                            ST Bk Fac          CARE A4;       30
(Issuer Not Cooperating)
Kk Spintex India Pvt Ltd              ST Bk Fac          CARE A4;       51      Reaffirmed
                                                         Stable
Kolkata Marine Products Pvt Ltd       ST BkFac           CARE A4        175
(Issuer Not Cooperating)
Krishna Transnational Marbles Pvt Ltd ST Bk Fac          CARE A4;       10
(Issuer Not Cooperating)
Mmtc Ltd                              ST Bk Fac          CARE D         6000    Revised from
                                                                                CARE A3+
(Under Credit watch with Developing Implications)
Mmtc Ltd                              ST Bk Fac          CARE A4        19000   Revised from
                                                                                CARE A3+
(Under Credit watch with Developing Implications)
P. C. Patel Infra Pvt Ltd             ST BkFac           CARE A4+       750     Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Rajamahal International Pvt Ltd       ST Bk Fac          CARE A4;       70
(Issuer Not Cooperating)
Synthiko Foils Ltd                    ST Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Sea Blue Shipyard Ltd                 ST Bk Fac          CARE D;        130
(Issuer Not Cooperating)
S. A. Iron And Alloys Pvt Ltd         ST Bk Fac          CARE D;        30
(Issuer Not Cooperating)
S M Interior Pvt Ltd                  ST Bk Fac          CARE A4;       29
(Issuer Not Cooperating)
Shapoorji Pallonji And Company Pvt LtdCP                 CARE A2+       15000   Revised from
                                                                                CARE A1+
Shivangi Metal Industries Pvt Ltd     ST Bk Fac          CARE A4;       215
(Issuer Not Cooperating)
Shri Laxminarayan Industrial Co       ST Bk Fac          -              -       Withdrawn
Operative Service Society
Shrikishan And Company Pvt Ltd        ST Bk Fac          CARE A4;       200
(Issuer Not Cooperating)
Smd Engineers And Contractors         ST Bk Fac          CARE A4;       86.7
(Issuer Not Cooperating)
Smita Conductors Pvt Ltd              ST Bk Fac          CARE A1        2980    Reaffirmed
Surya Vidyut Ltd                      ST Bk Fac          CARE A2        150     Reaffirmed
 

LONG TERM RATINGS:
-------------------
Adithya Automotive Applications Pvt.  LT BkFac           CARE BBB;      100     Reaffirmed
Ltd                                                      Negative
outlook revised from stable
Agro Phos (India) Ltd                 LT Bk Fac          CARE BB+;      170     Reaffirmed
                                                         Stable
Akmb Projects Pvt Ltd                 LT BkFac           CARE B+; Stable30      Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Anadi Rice Mill Pvt Ltd               LT Bk Fac          CARE B-;       150     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Arvind Envisol Ltd                    LT BkFac           CARE AA- (CE); 41      Reaffirmed
                                                         Negative
(reduced from Rs.70.00 Crore)
Arvind Envisol Ltd                    LT/ Shortterm Bk   CARE AA- (CE); 1250    Reaffirmed
                                      Fac                Negative/CARE
                                                         A1+ (CE)
(enhanced from Rs.95.00 crore Crore)
Arvind Fashions Ltd                   LT BkFac           CARE A-;       182     Reaffirmed
                                                         Negative
(reduced from 20.00 Crore)
Arvind Fashions Ltd                   LT/ ST Bk Fac      CARE A-;       1300    Reaffirmed
                                                         Negative/CARE
                                                         A2+
Arvind Lifestyle Brands Ltd           LT BkFac           CARE A- (CE);  1770    Reaffirmed
                                                         Negative
(Reduced from 183.47 Crore)
Arvind Lifestyle Brands Ltd           LT / ShortTerm     CARE A- (CE);  5850    Reaffirmed
                                      BkFac              Negative/CARE
                                                         A2+ (CE)
(Reduced from 620.00 Crore)
Arvind Lifestyle Brands Ltd           LT / ShortTerm     CARE A- (CE);  600     Assigned
                                      BkFac              Negative/CARE
                                                         A2+ (CE)
(Reduced from 110.00 Crore)
Arvind Ltd                            LT BkFac           CARE AA-;      12421.5 Reaffirmed
                                                         Negative
(enhanced from Rs.1,217.15 Crore)
Arvind Ltd                            Outstanding        CARE AA-;      2250    Reaffirmed
                                      Nonconvertible     Negative
                                      debenture
(enhanced from Rs.200 Crore)
Arvind Ltd                            Proposed           CARE AA-;      1250    Reaffirmed
                                      Nonconvertible     Negative
                                      debenture
(reduced from Rs.200 Crore)
Arvind Ltd                            Long/ST BkFac      CARE AA-;      13680   Reaffirmed
                                                         Negative/CARE
                                                         A1+
Arvind Smart Textiles Ltd             LT BkFac           CARE AA- (CE); 550     Reaffirmed
                                                         Negative
(reduced from Rs.85.00 Crore)
Arvind Smart Textiles Ltd             LT/ Shortterm Bk   CARE AA- (CE); 340     Reaffirmed
                                      Fac                Negative/CARE
                                                         A1+ (CE)
Atc Tires Pvt Ltd                     LT Bk Fac          CARE           1400    Assigned
                                                         AA+/Stable
Atc Tires Pvt Ltd                     LT/STBk Fac        CARE AA+;      7330    Reaffirmed
                                                         Stable/CARE A1+
Avadh Sugar & Energy Ltd              LT BkFac           CARE A-; Stable8704.2  Revised from
                                                                                CARE
                                                                                BBB+;Stable
(reduced from 957.23 Crore)
Avanse Financial Services Ltd         Subordinate Debt   CARE A; Stable 750     Reaffirmed
Avanse Financial Services Ltd         NCDs               CARE A+; Stable4450    Reaffirmed
Avanse Financial Services Ltd         NCDs               CARE A+; Stable6550    Reaffirmed
Avanse Financial Services Ltd         LT BkFac           CARE A+; Stable19450   Reaffirmed
Avanse Financial Services Ltd         LT BkFac           CARE A+; Stable2550    Reaffirmed
Avartanah Infrastructure Pvt Ltd      LT / ST Bk Fac     CARE B-/CARE   97.5    Revised from
                                                         A4;                    CARE B/ CARE
                                                                                A4
(Issuer Not Cooperating)
Azad Educational Society              LT BkFac           CARE C         143
(Issuer Not Cooperating)
B. Samyakk Agri Cottons               LT Bk Fac          CARE B+; Stable100     Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Bardhaman Agro Pvt Ltd                LT Bk Fac          CARE B+; Stable62.8    Revised from
                                                                                CARE BB-;
                                                                                Stable;
(Issuer Not Cooperating)
Best Koki Automotive Pvt Ltd          LT / ST Bk Fac     CARE BB/CARE A450      Revised from
                                                                                CARE BB+/
                                                                                CARE A4+
(Issuer Not Cooperating)
Best Koki Automotive Pvt Ltd          LT Bk Fac          CARE BB;       143.3   Revised from
                                                                                CARE BB+;
(Issuer Not Cooperating)
Bnk Energy Alternatives               LT Bk Fac          CARE C;        20      Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating)
Bses Rajdhani Power Ltd               LT Bk Fac          CARE BBB;      23425.2 Reaffirmed
                                                         Stable
(Enhanced from 1,291.44 Crore)
Bses Yamuna Power Ltd                 LT Bk Fac          CARE BBB-;     24092.7 Reaffirmed
                                                         Stable
(Enhanced from 1,160.00 Crore)
Buland Construction                   LT Bk Fac          CARE D;        52.5
(Issuer Not Cooperating)
Can Fin Homes Ltd                     Secured            CARE AAA;      25000@  reaffirmed
                                      RedeemableNCD      Negative
removed from credit watch with developing implications/@ Rs.1872 crore is outstanding as on
September 4, 2020.
Can Fin Homes Ltd                     Secured            CARE AAA;      25000@  reaffirmed
                                      RedeemableNCD      Negative
removed from credit watch with developing implications/@ Rs.1872 crore is outstanding as on
September 4, 2020.
Can Fin Homes Ltd                     Tier II Bonds(     CARE AAA;      3000$   reaffirmed
                                      Subordinated Bonds)Negative
removed from credit watch with developing implications/$ Rs.100 crore outstanding as on
September 4, 2020.
Can Fin Homes Ltd                     Secured            CARE AAA;      30000@  reaffirmed
                                      RedeemableNCD      Negative
removed from credit watch with developing implications/@ Rs.1872 crore is outstanding as on
September 4, 2020.
Centrum Financial Services Ltd        CP                 -              -       Withdrawn
Century Flour Mills Pvt Ltd (Formerly LT Bk Fac          -              0       Withdrawn
Known As Century Flour Mills Ltd)
Century Flour Mills Pvt Ltd (Formerly LT Bk Fac          CARE A-;       202     Reaffirmed
Known As Century Flour Mills Ltd)                        Stable
(reduced from 24.31 Crore)
Chimique India Ltd                    LT Bk Fac          CARE BBB+;     8.5     Reaffirmed
                                                         Negative
Outlook revised from “stable” to “negative” /(reduced from 1.59 Crore)
Cnc India Tools And Services Pvt Ltd  LT Bk Fac          CARE B; Stable 95      Revised from
                                                                                CARE BB;
                                                                                Stable;
(Issuer Not Cooperating)
Dakshineswar Rice Mill                LT Bk Fac          CARE B;        49.8    Revised from
                                                         Stable;                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Devghar Ispat                         LT BkFac           CARE B-; Stable85      Revised from
                                                                                CARE B;
                                                                                Stable;
(Issuer Not Cooperating)
Diamond Hometex India Pvt Ltd         LT Bk Fac          CARE B-;       73      Revised from
                                                                                CARE B
(Issuer Not Cooperating)
Dorabji Auto                          LT Bk Fac          CARE BB-;      70      Revised from
                                                         Stable;                CARE BB;
                                                                                Stable
(Issuer Not Cooperating)
Dtc Securities Ltd                    LT Bk Fac          CARE BB;       150     Revised from
                                                         Stable;                CARE BB+;
                                                                                Stable
(Issuer Not Cooperating)
Everest Sea Foods Pvt Ltd             LT Bk Fac          CARE B+;       101     Revised from
                                                         Stable;                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Excel Metal Processors Pvt Ltd        LT Bk Fac          CARE D;        381.2
(Issuer Not Cooperating)
Fairy Food Products Pvt Ltd           LT Bk Fac          CARE B-; Stable79.7    Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
Goyal Educational & Welfare Society   LT BkFac           CARE D         120
(Issuer Not Cooperating)
Gsfc Agrotech Ltd                     LT Bk Fac          CARE A; Stable 490     Reaffirmed
Gsfc Agrotech Ltd                     LT / ST Bk Fac     CARE A;        200     Reaffirmed
                                                         Stable/CARE A1
Hindustan Adhesives Ltd               LT Bk Fac          CARE BBB-;     725.5   Reaffirmed;
                                                         Stable
Outlook revised from Positive to Stable /(enhanced from 43.94 Crore)
Icici Prudential Asset Management Co. Open Ended Debt    CARE AAAmfs    -       Assigned
Ltd-Icici Prudential Overnight Fund   Scheme
Iifl Wealth Finance Ltd               LT                 CARE PP-MLD    2000    Reaffirmed
                                      PrincipalProtected AA; Stable
                                      Market Linked Debentures
Imperial Distillers & Vintners Pvt LtdLT Bk Fac          -              -       Reaffirmed at
                                                                                CARE BB;
                                                                                Stable and
                                                                                Withdrawn
Indian Renewable Energy Development   LT bonds           -              -@      Withdrawn
Agency Ltd
@ Withdrawn upon redemption
Indian Renewable Energy Development   LT bonds(IREDA     CARE AA+;      7000    Reaffirmed
Agency Ltd                            Green Bonds)       Stable
Indian Renewable Energy Development   LT bonds           CARE AAA(CE);  19576.5 Reaffirmed
Agency Ltd                                               Stable
(reduced from 2,107.65 Crore)
Indian Renewable Energy Development   LT Bonds: GoIFully CAREAAA; Stable40000   Reaffirmed
Agency Ltd                            serviced Bonds
Inductotherm (India) Pvt Ltd          LT BkFac           CARE AA;       150     Revised
                                                         Stable                 fromCARE AA+;
                                                                                Stable
Inductotherm (India) Pvt Ltd          LT/Shortterm Bk FacCARE AA;       850     Revised from
                                                         Stable /CARE           CARE AA+;
                                                         A1+                    Stable /CARE A1+
Jmc Projects (India) Ltd              LT BkFac           CARE A+;       9352.9  Reaffirmed
                                                         Stable
(Enhanced from 812.77 Crore)
Jmc Projects (India) Ltd              NCDs               CARE A+;       2500    Reaffirmed
                                                         Stable
Jmc Projects (India) Ltd              LT / ST Bk Fac     CARE A+;       49000   Revised from
                                                         Stable /CARE A1        CARE A+;
                                                                                Stable /CARE A1+
(Enhanced from 4,200.00 Crore)
Joneja Bright Steels Pvt Ltd          LT Bk Fac          CARE BB+;      180     Assigned
                                                         Stable
Joneja Bright Steels Pvt Ltd          LT / ST Bk Fac     CARE BB+;      20      Assigned
                                                         Stable /CARE
                                                         A4+
Jsw Steel Ltd                         Issuer Rating^     CARE AA-(Is);  -       Reaffirmed
                                                         Stable
^The rating is subject to the company maintaining overall gearing not exceeding 2.40 times
(overall gearing projected as on March 31, 2021).
Jsw Steel Ltd                         LT Bk Fac – TL     CARE AA-;      326390  Reaffirmed
                                                         Stable
(enhanced from 32,459.86 Crore)
Jsw Steel Ltd                         LT Bk Fac – Fund   CARE AA-;      22750   Reaffirmed
                                      Based              Stable
(enhanced from 1,406.00 Crore)
Jsw Steel Ltd                         Long/ST BkFac –    CARE AA-;      116390  Reaffirmed
                                      Non Fund Based     Stable/CARE A1+
(enhanced from 11,378.00 Crore)
Jsw Steel Ltd                         NCDs               CARE AA-;      60000   Reaffirmed
                                                         Stable/CARE A1+
Jsw Steel Ltd                         NCDs (Proposed)    CARE AA-;      40000   Assigned
                                                         Stable/CARE A1+
K. N. Singh Infratech Pvt Ltd         LT Bk Fac          CARE B-;       31.9    Revised from
                                                         Stable;                CARE B; Stable
(Issuer Not Cooperating)
K. T. Ravi                            LT Bk Fac          CARE C; Stable 70      Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Kk Spintex India Pvt Ltd              LT Bk Fac          CARE BB;       252.6   Reaffirmed
                                                         Stable
(reduced from 27.43 Crore)
Kogta Financial (India) Ltd           Proposed NCD       CARE A-;       250     Assigned
                                                         Stable
Kolkata Marine Products Pvt Ltd       LT BkFac           CARE B+; Stable5       Revised
                                                                                FromCARE BB-;
                                                                                Stable;
(Issuer Not Cooperating)
Krishna Transnational Marbles Pvt Ltd LT Bk Fac          CARE B; Stable 50      Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
M.S. Reddy                            LT Bk Fac          CARE B-; Stable74      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
Manoj Cotton House                    LT Bk Fac          -              0       Withdrawn
Marian Projects Pvt Ltd               LT Bk Fac          CARE B; Stable 370     Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Meenakshi Hatcheries                  LT Bk Fac          CARE C; Stable 40      Revised from
                                                                                CARE B+;
                                                                                Stable;
(Issuer Not Cooperating)
Minerva Automobiles Pvt Ltd           LT Bk Fac          CARE B+; Stable64.5    Revised from
                                                                                CARE BB-;
                                                                                Stable;
(Issuer Not Cooperating)
Mithun Reddy                          LT Bk Fac          CARE B+; Stable72.2
(Issuer Not Cooperating)
Mmtc Ltd                              LT Bk Fac          CARE B         10550   Revised from
                                                                                CARE BBB+
(Under Credit watch with Developing Implications)
Mmtc Ltd                              LT / ST BkFac      CARE B /CARE   53230   Revised from
                                                         A4                     CARE BBB+ /
                                                                                CARE A3+
(Under Credit watch with Developing Implications)
Oberoi Realty Ltd                     Proposed LTNCDs    CARE AA+;      7000    Assigned
                                      Issue              Negative
P. C. Patel Infra Pvt Ltd             LT BkFac           CARE BB+;      180     Revised from
                                                         Stable                 CARE BBB-;
                                                                                Stable
(Issuer Not Cooperating)
P. C. Patel Infra Pvt Ltd             LT/ Shortterm Bk   CARE BB+;      200     Revised from
                                      Fac                Stable /CARE           CARE BBB-;
                                                         A4+                    Stable/CARE A3
(Issuer Not Cooperating)
Patil And Company                     LT Bk Fac          CARE BB;       100     Reaffirmed
                                                         Stable
Patil And Company                     Long/ST BkFac      CARE BB;       70      Reaffirmed
                                                         Stable /CARE A4
Rajamahal International Pvt Ltd       LT Bk Fac          CARE B-; Stable50      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
Rajrani Cold Storage And Ice Plant PvtLT Bk Fac          CARE D;        137.1
Ltd
(Issuer Not Cooperating)
Ramky Integrated Township Ltd         LT BkFac           CARE BB+;      29.7    Revised from
                                                         Stable;                CARE BBB-;
                                                                                Stable
(Issuer Not Cooperating)
Reliance Retail Finance Ltd           Issuer Rating^     CARE AAA (Is); -       Assigned
                                                         Stable
^subject to total debt not exceeding Rs.13,800 crore
S M Interior Pvt Ltd                  LT Bk Fac          CARE B-; Stable70      Revised from
                                                                                CARE B; Stable
(Issuer Not Cooperating)
S. A. Iron And Alloys Pvt Ltd         LT BkFac           CARE D;        620
(Issuer Not Cooperating)
Sabarkantha District Cooperative Milk CP (CP) Issue      -              -       Withdrawn
Producers Union Ltd
Satin Creditcare Network Ltd          NCDs (Proposed)    CARE A-;       5000    Assigned
                                                         Stable
Sea Blue Shipyard Ltd                 LT Bk Fac          CARE D;        115.7
(Issuer Not Cooperating)
Shapoorji Pallonji And Company Pvt LtdProposed NCD       CARE A-        10000   Revised from
                                      (NCD)*                                    CARE A+
*Including outstanding NCD of Rs.200 crore  
Sharada Ayurvedic Medical College     LT Bk Fac          CARE C; Stable 56.5    Revised from
                                                                                CARE B-;
                                                                                Stable
(Issuer Not Cooperating)
Shivangi Metal Industries Pvt Ltd     LT Bk Fac          CARE B; Stable 150     Revised from
                                                                                CARE B+;
                                                                                Stable
(Issuer Not Cooperating)
Shri Karpadha Agro Foods              LT Bk Fac          CARE D         94
(Issuer Not Cooperating)
Shri Prasanna Anjaneya Agrotech       LT Bk Fac          CARE B; Stable;70
(Issuer Not Cooperating)
Shri Veeranjaneya Sugars Pvt Ltd      LT Bk Fac          CARE B; Stable 150     Reaffirmed
(Enhanced from 9.50 Crore)
Shrikishan And Company Pvt Ltd        LT Bk Fac          CARE B+;       30      Revised from
                                                         Stable;                CARE BB-;
                                                                                Stable;
(Issuer Not Cooperating)
Smd Engineers And Contractors         LT Bk Fac          CARE B+        25      Revised from
                                                                                CARE BB-;
                                                                                Stable
(Issuer Not Cooperating)
Smita Conductors Pvt Ltd              LT Bk Fac          CARE A;        400     Reaffirmed
                                                         Negative
outlook revised from stable
Sumaja Electroinfra Pvt Ltd           Bk Fac – Nonfund   CARE B+/CARE A4240     Revised from
                                      based – LT/ST –                           CARE BB-;
                                      BkGuarantees                              Stable/ CARE A4
(Issuer Not Cooperating)
Surya Vidyut Ltd                      LT Bk Fac          CARE A-;       5355.9  Reaffirmed
                                                         Stable
(Reduced from 562.10 Crore)
Svatantra Microfin Pvt Ltd            NCDs               CARE A; Stable 500     Assigned
Svatantra Microfin Pvt Ltd            Subordinate DebtN  CARE A;        750     Revised from
                                      CDs                StableCARE A;          CARE A-;
                                                         Stable                 Stable
Swayam Micro Services                 LT Bk Fac          CARE BB;       200     Reaffirmed
                                                         Stable
(Enhanced from 17.22 Crore)
Synthiko Foils Ltd                    LT Bk Fac          -              -       Reaffirmed
                                                                                and Withdrawn
Tulsi Cotton Industries               LT Bk Fac          -              0       Withdrawn
Vivan Steels Pvt Ltd                  LT Bk Fac          CARE BBB-;     290     Assigned
                                                         Stable
Vivan Steels Pvt Ltd                  LT / ST Bk Fac     CARE BBB-;     5       Assigned
                                                         Stable /CARE A3
Vuddanda Solar Power Pvt Ltd          LT Bk Fac          CARE D         108.2   Reaffirmed
(Reduced from 12.00 Crore)
Zee Media Corporation Ltd             LT Bk Fac –TL      CARE C;        1020    Reaffirmed
                                                         Negative
Zee Media Corporation Ltd             LT Bk Fac – CC     CARE C;        500     Reaffirmed
                                                         Negative
Zydus Foundation                      LT NCD Issue       CARE BBB+;     2000    Reaffirmed
                                                         Stable
Zydus Foundation                      LT NCD Issue       CARE BBB+;     500     Assigned
                                      (Proposed)         Stable
--------------------------------------------------------------------------------------------
$: 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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