for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

RPT-CARE ratings for Indian debt instruments-Jun 9

 (Repeating to change format)
    Jun 9  - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of June 8, 2020.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
Anjani Roller Flour Mills Pvt Ltd    ST Bk Fac         CARE A4       15
(Issuer not cooperating; based on best available information)
 
Basu & Co Road Contractors Pvt Ltd   ST BkFac          CARE A4;      110
(Issuer not cooperating; based on best available information)
 
Global Jewellery Pvt Ltd             ST Bk Fac         CARE A4       5
(Issuer not cooperating; based on best available information)
 
Jugalkishore Ramkishan Agrawal       ST Bk Fac         CARE A4;      100    Revised from
Infrastructure Pvt Ltd                                                      CARE A4+
(Issuer not cooperating; based on best available information)
 
Kaleshwarwar And Sons                ST Bk Fac         -             -      Reaffirmed at
                                                                            CARE A4; and
                                                                            Withdrawn
 
Kay Kay Scaffolding Pvt Ltd          ST Bk Fac         CARE A4;      105
(Issuer not cooperating; based on best available information)
 
Pcm Cement Concrete Pvt Ltd          ST Bk Fac         CARE A4       100
(Issuer not cooperating; based on best available information)
 
Raigarh Ispat And Power Pvt Ltd      ST BkFac          CARE A4       10     Revised from
                                                                            CARE A4+
(Issuer not cooperating; based on best available information)
 
Shiv Agro Products Pvt Ltd           ST BkFac          CARE A4       2.5    -
(Issuer not cooperating; based on best available information)
 
Rajaramsevak Multipurpose Cold       ST Bk Fac         CARE D        2
Storage Pvt Ltd
(Issuer not cooperating; based on best available information)
 
Sarda Metals & Alloys Ltd            ST Bk Fac         -             -      Rating
                                                                            reaffirmed
                                                                            and Withdrawn
Shri Mahavir Ferro Alloys Pvt. Ltd   ST Bk Fac         CARE D;       155    -
(Issuer not cooperating; based on best available information)
 

LONG TERM RATINGS:
-------------------
Anjani Roller Flour Mills Pvt Ltd    LT Bk Fac         CARE B; Stable107.9  Revised from
                                                                            CARE BB-;
                                                                            Stable
(Issuer not cooperating; based on best available information)
 
Basu & Co Road Contractors Pvt Ltd   LT BkFac          CARE B; Stable57.5   Revised from
                                                                            CARE
                                                                            BB-;Stable
(Issuer not cooperating; based on best available information)
 
Emeralds Educational Society         LT Bk Fac         CARE BB;      88.1   Assigned
                                                       Stable
 
Global Jewellery Pvt Ltd             LT Bk Fac         CARE B-;      95     Revised from
                                                       Stable               CARE B; Stable
(Issuer not cooperating; based on best available information)
 
Indiabulls Real Estate Ltd           Proposed Bk Fac – TL  -         -      Withdrawn
 
Indiabulls Real Estate Ltd           Proposed NCD Issue  -           0      Withdrawn
 
Indiabulls Real Estate Ltd           LT - Bk Fac –TL   CARE A        3115   Revised from
                                                                            CARE A+
(Under credit watch with Negative implications) 
 
Indiabulls Real Estate Ltd           LT - Bk Fac –BG   CARE A        987.3  Revised from
                                                                            CAREA+
(Under credit watch with Negative implications)
  
Indiabulls Real Estate Ltd           NCD issue         CARE A        7600   Revised from
                                                                            CAREA+
(Under credit watch with Negative implications)
  
Indiabulls Real Estate Ltd           NCD Issue*        CARE A+       2250   Revised from
                                                                            CARE AA-
(Under credit watch with Negative implications),*The above rating is based on the credit
enhancement in the form of Debt Service Reserve Account (DSRA) equivalent to at least 25.50% of
the outstanding amount of the NCDs to be maintained in the form of “AAA” rated bonds/“AAA” rated
Bank s fixed deposits till the tenure of the bonds, liened to the Trustees of the NCD issue
 
Ishwar Ginning Pvt Ltd               LT Bk Fac         CARE D;       120
(Issuer not cooperating; based on best available information)
 
Ishwar Oil Industries                LT Bk Fac         CARE D;       55.3
(Issuer not cooperating; based on best available information)
 
Jsw Steel Ltd                        NCD (INE019A07183)--            -      Withdrawn
 
Jsw Steel Ltd                        NCD               --            -      Withdrawn
                                     (INE019A07407)
 
Jugalkishore Ramkishan Agrawal       LT Bk Fac         CARE B+;      100    Revised from
Infrastructure Pvt Ltd                                 Stable;              CARE BB+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
 
Kaleshwarwar And Sons                Long- Term Bk Fac -             -      Reaffirmed at
                                                                            CARE B+;
                                                                            Stable and Withdrawn
 
Kay Kay Scaffolding Pvt Ltd          LT Bk Fac         CARE B+; Stable l33.6 -
(Issuer not cooperating; based on best available information)
 
P. S. Enterprises.                   LT BkFac          CARE BB-;     310    Assigned
                                                       Stable
(Issuer not cooperating; based on best available information)
 
Pcm Cement Concrete Pvt Ltd          LT Bk Fac         CARE B+; Stabl1022   Revised from
                                                                            CARE BB;
                                                                            Stable
(Issuer not cooperating; based on best available information)
 
Ping Telematics Pvt Ltd              LT Bk Fac         -             -      Reaffirmed at
                                                                            CARE B+;
                                                                            Stable and Withdrawn
 
Pranav Foundations Pvt Ltd           LT Bk Fac         CARE D;       300
(Issuer not cooperating; based on best available information)
 
Prolific Papers Pvt Ltd              Bk Fac- LT- Fund- -             -      Reaffirmed
                                     based- CC Limit                        and Withdrawn
 
Radha Casting And Metalik Pvt Ltd    LT BkFac          CARE B; Stable40
(Issuer not cooperating; based on best available information)
 
Raigarh Ispat And Power Pvt Ltd      LT BkFac          CARE BB;      175    Revised from
                                                       Stable               CARE BB+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
 
Rajaramsevak Multipurpose Cold       LT Bk Fac         CARE D        129.4
Storage Pvt Ltd
(Issuer not cooperating; based on best available information)
 
Ramdev Cold Storage                  LT Bk Fac         CARE B-; Stabl60     Revised from
                                                                            CARE B; Stable
 
Rishi Reality Leasing Services Pvt   LT Bk Fac         -             -      Reaffirmed at
Ltd                                                                         CARE BB+;
                                                                            Stable and Withdrawn
 
Rolex Processors Pvt Ltd             LT Bk Fac         CARE B-; Stabl451.7  Revised from
                                                                            CARE B+;
                                                                            Stable;
(Issuer not cooperating; based on best available information)
 
Sarda Metals & Alloys Ltd            LT Bk Fac         -             -      Rating
                                                                            reaffirmed
                                                                            and Withdrawn
 
Shiv Agro Products Pvt Ltd           LT BkFac          CARE B+       44.8   Revised from
                                                                            CARE BB-;
(Issuer not cooperating; based on best available information)
 
Shri Mahavir Ferro Alloys Pvt. Ltd   LT Bk Fac         CARE D;       5377.4 -
(Issuer not cooperating; based on best available information)
 
Spm Marbles Pvt Ltd                  LT Bk Fac         CARE B; Stable70     Revised from
                                                                            CARE B+;
                                                                            Stable
(Issuer not cooperating; based on best available information)
 
Tradohub B2B Ltd                     LT/ST Bk Fac      -             -      Reaffirmed
                                                                            and 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)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up