Apr 17 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of April 13 & April 14, 2017. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- Aadesh Travels Pvt Ltd
ST Bk Fac
CARE A4
52.5
Assigned Advanced Computer And Mobiles India LT/ST (FB/NFB)
CARE A3
539.4 Reaffirmed Pvt Ltd (enhanced from Rs. 39.50 crore) Agro Phos (India) Ltd
ST Bk Fac
CARE A3
60
Assigned Airen Copper Pvt Ltd
ST Bk Fac
CARE A3
247.5 Reaffirmed Airen Metals Pvt Ltd
ST Bk Fac
CARE A3
1545
Reaffirmed (enhanced from 110.00) Amit Mines Pvt Ltd
ST Bk Fac
CARE A4+
60
Reaffirmed Bagzone Lifestyles Pvt Ltd
Bk
CARE A3
75
Revised from
Fac-Non-fundbased
CARE A4+
- ST-BG Balajee Mini Steels & Re-Rolling Pvt LST Bk Fac
CARE A3 (SO) 58.2
Reaffirmed Balmukund Cement & Roofings Pvt Ltd ST Bk Fac
CARE A3 (SO) 130
Reaffirmed (reduced from 17.09) Bhagwati Kripa Paper Mills Pvt Ltd
ST Bk Fac
CARE A4
150
Reaffirmed Bhandari Foils And Tubes Ltd
ST Bk Fac
CARE A3
1432.6 Reaffirmed Bio Med Healthcare Products Pvt Ltd ST Bk Fac
CARE A3
185
Revised from
CARE A3+ Century Infrapower Pvt Ltd
ST Bk Fac
CARE A4+
400
Reaffirmed (enhanced from 15) Chaitanya International Minerals Llp ST Bk Fac
CARE A4
20
Assigned Chinar Forge Ltd
ST Bk Fac
CARE A3
200
Reaffirmed Deepkiran Foods Pvt Ltd
ST Bk Fac
CARE A1
5
Reaffirmed Devi Construction Company Pvt Ltd
ST Bk Fac
CARE A3+
500
Reaffirmed Ganpati Infrapower Pvt Ltd
ST Bk Fac
CARE A4+
450
Reaffirmed [Enhanced from 22] Gem Granites
ST Bk Fac
CARE D
771.6 Reaffirmed (reduced from 86.50) Gna Axles Ltd
ST Bk Fac
CARE A1
155
Revised from
CARE A2+ Gopal Glass Works Ltd.
ST Bk Fac
CARE A2+
78
Reaffirmed Hitek Engineering Services
ST Bk Fac
CARE A4+
210
Reaffirmed Ind Sphinx Precision Ltd
ST Bk Fac
CARE A2
55
Assigned Innovative Cuisine Pvt Ltd
ST Bk Fac
CARE A2+
3.5
Reaffirmed (reduced from Rs.49.60 crore ) Invesco Asset Management (India) Pvt LST Bk Facility*
CARE A1+
5000
Reaffirmed *Facility is extended to 9 debt schemes of Invesco India Mutual Fund Jics Logistic Ltd
ST Bk Fac
CARE A3
75
Reaffirmed Joyville Shapoorji Housing Pvt Ltd
CP Issue*
CARE A1+ (SO) 200
Assigned
* Instrument is backed/ proposed to be backed by a credit enhancement in the form of an unconditional and irrevocable Standby letter of Credit (SBLC) provided by RBL Bank Ltd (RBL, rated CARE AA- for its Tier II Bonds (Basel III)) Joyville Shapoorji Housing Pvt Ltd
Proposed CP Issue ProvCARE A1+ 200
Reaffirmed
^ *
(SO) ^ Rating assigned would be 'provisional' subject to the following conditions: i. Proposed CP issue shall be backed by a proposed credit enhancement in the form of an unconditional and irrevocable Standby letter of Credit (SBLC) provided by RBL Bank Ltd (RBL, rated CARE AA- for its Tier II Bonds (Basel III)) ii. Receipt of executed version of term sheet, back-stop facility agreement and other financing documents./
* Instrument is backed/ proposed to be backed by a credit enhancement in the form of an unconditional and irrevocable Standby letter of Credit (SBLC) provided by RBL Bank Ltd (RBL, rated CARE AA- for its Tier II Bonds (Basel III)) Jyoti Strips Pvt Ltd
ST Bk Fac
CARE A3+
2570
Reaffirmed (enhanced from Rs.132) Karthik Alloys Ltd
ST Bk Fac
CARE D
339.6 Issuer not
Cooperating Khanna Paper Mills Ltd
ST Bk Fac
CARE A2+
3383.5 Revised from
CARE A2 (enhanced from 325.50) Kris Flexipack Pvt Ltd
Non-fund Bk Fac
CARE A3+
294.1 Reaffirmed Krishi Rasayan
ST Bk Fac
CARE A2
425
Reaffirmed Ltc Commercial Company Pvt Ltd
ST Bk Fac
CARE A3+
394
Issuer not
Cooperating Lulu Flight Kitchen Pvt Ltd
ST Bk Fac
CARE A3+
50
Reaffirmed Marda Enterprises Pvt Ltd
ST Bk Fac
CARE A3
15
Reaffirmed Methodex Systems Pvt Ltd
ST Bk Fac
CARE A2+
250
Revised from
CARE A1 Nabha Power Ltd
ST Bk Fac (LOC/BG) CARE A1
2500
Reaffirmed Nangalwala Chemical Industries
ST Bk Fac
CARE A4
30
Reaffirmed Nayak Infrastructure Pvt Ltd
ST Bk Fac
CARE A3
25
Assigned Ostro Madhya Wind Pvt Ltd
ST Bk Fac
CARE A3+
440
Assigned Osmed Formulations Pvt Ltd
ST Bk Fac
CARE D
10
Revised from
A4 Paschim Gujarat Vij Co. Ltd
ST Bk Fac
CARE A1+
900
Reaffirmed Pantel Technologies Pvt Ltd
ST Bk Fac
CARE D
100
Revised from
CARE A4 Prerna Services Pvt Ltd
ST Bk Fac
CARE D
20
Revised from
CARE A4 Parishudh Machines Pvt Ltd
ST Bk Fac
CARE D
20
Revised from
CARE A4 Rahul Agro Industries
ST Bk Fac
CARE A4
100.1 Reaffirmed Rajasthan Powergen Transformers Pvt LtST Bk Fac
CARE A4
40
Issuer not
Cooperating Rajesh Projects India Pvt Ltd
ST Bk Fac
CARE D
230
issuer not
Cooperating Reliance Big Entertainment Pvt Ltd
ST Bk Fac
CARE A1+
-
Removed from
credit watch $ backed by unconditional and irrevocable corporate guarantee provided by Reliance Capital (NS:RLCP) Ltd Reliance Infrastructure Ltd (NS:RLIN)
ST Bk Fac
CARE A1+
15000 Continues on
Credit Watch (enhanced from 800) R.G. Residency Pvt Ltd
ST Bk Fac
CARE D
100
issuer not
Cooperating Rika Global Impex Ltd.
ST Bk Fac (Non-FB) CARE A3
200
Reaffirmed (reduced from 25) Ritu Logistics
ST Bk Fac
CARE A4
25
Reaffirmed Rochem Separation Systems Pvt Ltd
ST Bk Fac
CARE A3
320.4 Assigned Rohit Steels
ST Bk Fac
CARE A4
20
Assigned Rungta Irrigation Ltd
ST Bk Fac
CARE A4
80
issuer not
Cooperating Salasar Techno Engineering Ltd
ST Bk Fac
CARE A3+
600
Revised from
CARE A4+ (Enhanced from 7.50) Sbi Funds Management Pvt Ltd
ST Bk Fac*
CARE A1+
20000 Reaffirmed *Facility is extended to 5 debt schemes of SBI (NS:SBI) Mutual Fund
Sd Corporation Pvt Ltd
CP (CP) Issue^
CARE A1+
6650
Reaffirmed ^ credit enhancement in the form of an unconditional, irrevocable and continuing Corporate Guarantee provided/to be provided by Shapoorji Pallonji and Company Private Ltd (SPCPL, CARE AA+ Stable).provided by Shapoorji Pallonji and Company Private Ltd (SPCPL, CARE AA+ Stable). Sd Corporation Pvt Ltd
Proposed CP issue^ ProvCARE A1+ 1450
Reaffirmed ^ credit enhancement in the form of an unconditional, irrevocable and continuing Corporate Guarantee provided/to be provided by Shapoorji Pallonji and Company Private Ltd (SPCPL, CARE AA+ Stable). Shivani Scientific Industries Pvt Ltd ST Bk Fac
CARE A4+
27.5
Issuer not
Cooperating Shraddha Energy & Infraprojects Pvt LtST Bk Fac
CARE A4+
139.5 Reaffirmed Shri Ramchander Straws Products Ltd ST Bk Fac
CARE A4+
6
issuer not
Cooperating Shubhalakshmi Polyesters Ltd.
ST Bk Fac
CARE A3+
5495.6 Reaffirmed Sigma Industrial Corporation
ST Bk Fac
CARE D
100
Revised from
CARE A4 Simplex Engineers & Traders
ST Bk Fac
CARE A4
145
issuer not
Cooperating Stylam Industries Ltd
ST Bk Fac
CARE A3+
851
Reaffirmed Suncity Projects Pvt Ltd
ST Bk Fac
CARE A3
1270
Reaffirmed Supreme And Company Pvt Ltd
ST Bk Fac
CARE A3
1025
Reaffirmed Taneja Aerospace And Aviation Ltd
ST Bk Fac
CARE A4
291.2 Reaffirmed Tata Motor Finance Ltd
CP
CARE A1+
60000 Assigned Tata Motor Finance Solutions Ltd
CP
CARE A1+
20000 Assigned Trust Marketing
ST Bk Fac
CARE A3+
200
Reaffirmed Urban Transit Pvt Ltd
ST Bk Fac
CARE A3 (SO)* 100
Reaffirmed *The ratings factor in credit enhancement in the form of an unconditional and irrevocable corporate guarantee extended by promoters Scomi Engineering Bhd. Varron Aluminium Pvt Ltd
ST Bk Fac
CARE D
550
Issuer not
Cooperating Varron Industries Pvt Ltd
ST Bk Fac
CARE D
1428
Issuer not
Cooperating Varsity Instruments Pvt Ltd
ST Bk Fac
CARE A4
95
Assigned Walzen Strips Pvt. Ltd.
ST Bk Fac
CARE A4+
52.5
Assigned Win-Stone Industries (India) Pvt Ltd ST Bk Fac
CARE D
6
Revised from
CARE A4 LONG TERM RATINGS: ------------------- A.K. Soni Hosiery Mills Pvt Ltd
LT Bk Facilitie
CARE D
179.6 Revised from
CARE B+
A.K. Soni Hosiery Mills Pvt Ltd
ST Bk Fac
CARE D
5
Revised from
CARE A4 Aadesh Travels Pvt Ltd
LT Bk Fac
CARE B+
25
Assigned Abf Rural Godown
LT Bk Fac
CARE B+
100
Assigned Adani Power (NS:ADAN) Ltd.
LT Bk Fac
CARE BBB-
87778.3 @ Adani (NS:APSE) Power Ltd.
LT / ST Bk Fac
CARE BBB-
50626.8 @
/CARE A3
Adani Power Ltd.
LT Bk Fac (Rupee CARE BBB+ (SO) 64664 @
TL - Phase IV)
Adore Suitings Pvt Ltd
LT Bk Fac
CARE B+
57.3
Issuer not
Cooperating Advanced Computer And Mobiles India PvLT Bk Fac (TL)
CARE BBB-
160.6 Assigned Ltd Advanced Computer And Mobiles India PvLT Bk Fac (Fund
CARE BBB-
50
Reaffirmed Ltd
Based) (reduced from Rs. 39.50 crore) Advanced Computer And Mobiles India PvST Bk Fac (NFB)
CARE BBB-/CARE 300
Reaffirmed Ltd
A3 (enhanced from Rs. 29.00 crore) Advent Infraprojects Pvt Ltd
LT/ST Bk Fac
CARE BB- /CARE 100
Assigned
A4 Agro Phos (India) Ltd
LT Bk Fac
CARE BBB-
150
Assigned Airen Copper Pvt Ltd
LT Bk Fac
CARE BBB-
50
Reaffirmed Airen Metals Pvt Ltd
LT Bk Fac
CARE BBB
310.8 Reaffirmed (enhanced from 30.84) Alpha Corp Development Pvt Ltd (Acdpl,LT Instrument
ProvCARE BBB 3000
Reaffirmed Formerly Known As Alpha G:Corp
(NonConvertible Development Pvt Ltd)
Debentures) 1) 2) 1) Proposed NCDs shall rank subordinate to senior debt with reference to annual debt service obligations 2) Provisional rating assigned is based on indicative terms of the proposed issue. Final rating shall be assigned on execution of transaction documents to the satisfaction of the CARE. Amit Mines Pvt Ltd
LT Bk Fac
CARE BB+
420
Reaffirmed Amrapali Smart City Developers Pvt LtdLT Bk Fac
CARE D
2700
Issuer not
Cooperating Angle Infrastructure Pvt Ltd
LT Bk Fac
CARE D
900
Revised from
CARE BB- Appollo Distilleries And Breweries PvtLT Bk Fac
CARE D
574
Reaffirmed Ltd Arg Developers Pvt Ltd
LT Bk Fac
CARE BB
493.7 Reaffirmed Arg Housing Pvt Ltd
LT Bk Fac
CARE BB-
171.7 Revised from
CARE BB Arg Royal Ensign Developers Pvt Ltd LT Bk Fac
CARE B+
129.6 Reaffirmed (enhanced from 8.47) Bagzone Lifestyles Pvt Ltd
Bk Fac-FB - LT-CC CARE BBB-
75
Revised from
CARE BB+ Balajee Mini Steels & Re-Rolling Pvt LLT Bk Fac
CARE BBB- (SO) 270.6 Reaffirmed Balmukund Cement & Roofings Pvt Ltd LT Bk Fac
CARE BBB- (SO) 124.9 Reaffirmed Bhagwati Kripa Paper Mills Pvt Ltd
LT Bk Fac
CARE BB+
180.2 Reaffirmed Bhagwati Products Ltd
LT Bk Fac
CARE A-
367.4 Revised from
CARE A (reduced from 70.00) Bhagwati Products Ltd
LT/ST Bk Fac
CARE A- /CARE 9500
Revised from
A2+
CARE A/ CARE
A1 (enhanced from 650) Bhandari Foils And Tubes Ltd
LT Bk Fac
CARE BBB-
500
Revised from
CARE BBB Bio Med Healthcare Products Pvt Ltd LT Bk Fac
CARE BBB
167.9 Reaffirmed (reduced from 21.00) Bright Fame International
LT/ ST Bk Fac
CARE B+/CARE A480
Reaffirmed Century Infrapower Pvt Ltd
LT Bk Fac*
CARE BB+
150
Reaffirmed *Long term rating of CARE BB+ assigned to the Term Loan facility has been withdrawn, as the said term loan has been fully repaid Century Infrapower Pvt Ltd
LT/ST Bk Fac
CARE BB+ /CARE 930
Reaffirmed
A4+ Chaitanya International Minerals Llp LT Bk Fac
CARE B+
80
Assigned Chinar Forge Ltd
LT Bk Fac
CARE BBB-
307.5 Reaffirmed (enhanced from 23.75)
Chowringhee Residency Pvt Ltd.
LT Bk Fac
CARE BBB-
2500
Reaffirmed City Union Bank Ltd (NS:CTBK)
Lower Tier II BondsCARE A+
100
Reaffirmed Colorplus Fashions Ltd
LT/ST Bk Fac
CARE A+ /CARE 450
Reaffirmed
A1+ Coromandel Sugars Ltd
LT Bk Fac*
CARE A-
408.3 Revised from
CARE BBB+ *backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee from The India Cements (NS:ICMN) Limited (ICL, rated CARE A-; Stable/ CARE A1) Coromandel Sugars Ltd
LT Bk Fac
CARE BBB-
1050
Reaffirmed Dbl Hassan Periyapatna Tollways Ltd LT Bk Fac (Fund
CARE BBB
1296.7 Assigned
based) Dbl Hassan Periyapatna Tollways Ltd LT Bk Fac
CARE BBB
129.3 Assigned
(Non-Fund based) Dee Vee Projects Ltd
LT Bk Fac
CARE BBB+
306.3 Reaffirmed Dee Vee Projects Ltd
Long/ST Bk Fac
CARE BBB+/CARE 2318.7 Reaffirmed
A2 Deepkiran Foods Pvt Ltd
LT / ST Bk Fac
CARE A /CARE 170
Reaffirmed
A1 Devi Construction Company Pvt Ltd
LT Bk Fac
CARE BBB
49
Reaffirmed Dreisatz Mysolar24 Pvt Ltd
LT Bk Fac
CARE A-
438.5 Reaffirmed Ems Infracon Pvt Ltd
LT Bk Fac
CARE BBB
157.5 Revised from
CARE BBB- (enhanced from 10.57) Ems Infracon Pvt Ltd
LT-ST Bk Fac
CARE BBB /CARE 1400
Revised from
A3+
CARE BBB-
/CARE A3 (enhanced from 115.00) Essel Housing Projects Pvt Ltd
LT Bk Fac
ProvCARE BBB- 200
Assigned
(SO) @ @Backed by irrevocable and unconditional corporate guarantee of Suncity Projects Private Limited (SPPL) rated CARE BBB-(Stable) / CARE A3; reaffirmed in Feb-17
Gandevikar Jewellers Pvt Ltd
LT Bk Fac
CARE BBB-
330
Revised from
CARE BBB Gandevikar'S Sara Gold Pvt Ltd
LT Bk Fac
CARE BBB-
80
Reaffirmed Ganpati Infrapower Pvt Ltd
LT Bk Fac
CARE BB+
50
Reaffirmed [Enhanced from 3] Gem Granites
LT Bk Fac
CARE D
580.2 Reaffirmed (reduced from 80.19) Gem Granites
LT/ST Bk Fac
CARE D
193.3 Reaffirmed Gna Axles Ltd
LT Bk Fac
CARE A
1633.7 Revised from
CARE A- Gopal Glass Works Ltd.
LT Bk Fac
CARE A-
50
Reaffirmed Hanwant Fasteners Pvt Ltd
LT Bk Fac
CARE B+
54.1
issuer not
Cooperating Hasti Petro Chemical & Shipping Ltd LT Bk Fac
CARE BB
647.4 Revised from
CARE BB- Herrera Ifmr Capital 2017 [Originator:Series A2 PTC #
ProvCARE BB+ -
Assigned Annapurna Microfinance Pvt Ltd)
(SO) # The PTCs rated based on ultimate payment basis Herrera Ifmr Capital 2017 [Originator:Series A1 PTC #
ProviCARE A- -
Assigned Annapurna Microfinance Pvt Ltd)
(SO) # The PTCs rated based on ultimate payment basis Hitek Engineering Services
LT Bk Fac
CARE BB+
100
Reaffirmed Ifci Venture Capital Funds Ltd
LT Bk Fac *
CARE A- (SO) 2587.6 Revised from
CARE A (SO)
* backed by the Letter of Comfort from IFCI (NS:IFCI) Ltd (rated CARE A; Negative/CARE A1+ ). Ifci Venture Capital Funds Ltd
LT Bk Fac
CARE BBB+
572
Reaffirmed Ifci Venture Capital Funds Ltd
LT NCDs
CARE BBB+
1776
Reaffirmed Ifci Venture Capital Funds Ltd
Long / ST Bk Fac CARE BBB+
250
Reaffirmed
/CARE A2+ Ifci Venture Capital Funds Ltd
LT Bk Fac #
ProvCARE A-
1690.4 Revised from
(SO)
Provisional
CARE A (SO) #proposed to be backed by the Letter of Comfort from IFCI Limited Ind Sphinx Precision Ltd
LT Bk Fac
CARE BBB+
359.7 Assigned Ind Sphinx Precision Ltd
LT/ST Bk Fac
CARE BBB+/CARE 166.6 Assigned
A2 Innovative Cuisine Pvt Ltd
LT Bk Fac
CARE A-
430.5 Revised from
CARE BBB+ Innovative Cuisine Pvt Ltd
LT / ST Bk Fac
CARE A- /CARE 185
Revised from
A2+
CARE BBB+/
CARE A2+ Integrated Equipment (India) Pvt Ltd LT Bk Fac
CARE D
86.3
Revised from
CARE BBB- Integrated Equipment (India) Pvt Ltd LT FBL
CARE D
300
Revised from
CARE BBB- Integrated Equipment (India) Pvt Ltd LT Non Fund Based CARE D
100
Revised from
CARE BBB- Itzcash Card Ltd (Itzcash)
LT Bk Fac
CARE BB+
370
Revised from
/CARE A4+
CARE BB /
CARE A4+ (enhanced from Rs.15 crore) Jagath Milk Dairy
LT Bk Fac
CARE B+
101.3 Assigned Jalpa Devi Tollways Ltd
LT Bk Fac#
CARE A-(SO)
6540
Assigned #backed by unconditional and irrevocable corporate guarantee extended by Dilip Buildcon Limited (DBL, rated CARE A- /CARE A2+) till the tenor of the loan Jics Logistic Ltd
LT/ ST Bk Fac
CARE BBB-
250
Reaffirmed
/CARE A3 Joyville Shapoorji Housing Pvt Ltd
LT- NCDs- Series- ACARE AA
898.4 Reaffirmed Joyville Shapoorji Housing Pvt Ltd
LT-Proposed NCDs CARE AA
2701.6 Reaffirmed
-Series- A Joyville Shapoorji Housing Pvt Ltd
LT- NCDs- Series- BCARE AA
2096.2 Reaffirmed Joyville Shapoorji Housing Pvt Ltd
LT-Proposed NCDs CARE AA
6303.8 Reaffirmed
-Series- B Jyoti Strips Pvt Ltd
LT Bk Fac
CARE BBB
500
Reaffirmed (enhanced from 15) Karthik Alloys Ltd
LT Bk Fac
CARE D
120
Issuer not
Cooperating Kashi Jewellers
Long/ST Bk Fac
CARE BBB+
150
Reaffirmed
/CARE A2 Ketan Brothers Diamondz Exports
LT Bk Fac - FB
CARE BBB-
1000
Assigned Kewalram Textiles Pvt Ltd
LT /ST Bk Fac @
CARE BBB- (SO) 902
Reaffirmed
/CARE A3 (SO) @backed by unconditional and irrevocable corporate guarantee extended by Singapore-based KCTex International Ltd(KIL) which is the holding company of Kewalram Textiles Pvt. Ltd (with 96% stake).
Kewalram Textiles Pvt Ltd
LT/ST Bk Fac#
ProvCARE BBB- 1200
Reaffirmed
(SO) /CARE A3
(SO)
#proposed to be backed by unconditional and irrevocable corporate guarantee of KIL. This rating is provisional and shallbe confirmed upon the execution of the corporate guarantee deed to the satisfaction of CARE. [Enhanced from Rs.27.70 crore] Khanna Paper Mills Ltd
LT Bk Fac
CARE A-
3365.5 Revised from
CARE BBB+ (reduced from 352.69) Kilburn Engineering Ltd
LT Bk Fac
CARE BBB-
300
Reaffirmed Kilburn Engineering Ltd
LT Bk Fac
CARE BBB-
1000
Reaffirmed
/CARE A3 Kris Flexipack Pvt Ltd
Fund based Bk Fac CARE BBB+
618.2 Reaffirmed Krishi Rasayan
LT Bk Fac
CARE BBB+
310
Reaffirmed Krishi Rasayan
LT/ ST Bk Fac
CARE BBB+ / A2 65
Reaffirmed Krrish Realtynirman Pvt Ltd
LT Bk Fac
CARE D
900
Revised from
CARE BB- Laxmi India Finleasecap Pvt. Ltd.
LT Bk Fac
CARE BB+
100
Reaffirmed Ltc Commercial Company Pvt Ltd
LT Bk Fac
CARE BBB
131
Issuer not
Cooperating Lucky Shikshan Sansthan
LT Bk Fac
CARE BBB-
162.8 Reaffirmed Lulu Flight Kitchen Pvt Ltd
LT Bk Fac
CARE BBB
50
Reaffirmed Lulu Flight Kitchen Pvt Ltd
LT/ST Bk Fac
CARE BBB /CARE 150
Reaffirmed
A3+ Maahi Milk Producer Co. Ltd
Issuer Rating
CARE AA- (Is) -
Reaffirmed Madhav Infra Pvt Ltd
LT Bk Fac
CARE BBB+
1627.9 Reaffirmed Madhav Infra Pvt Ltd
LT / ST Bk Fac
CARE BBB+ / A3+2390
Reaffirmed Maharashtra State Road Development
LT Bk Fac*
CARE A- (SO) 31.9
Reaffirmed Corporation Ltd.
* backed by unconditional and irrevocable guarantee from Government of Maharashtra (GoM) Maharashtra State Road Development
LT
CARE A- (SO) 12014.3 Reaffirmed Corporation Ltd.
InstrumentsBonds*
(Series XVI - XXIV)
* backed by unconditional and irrevocable guarantee from Government of Maharashtra (GoM) Maharashtra State Road Development
LT Bk Fac
CARE BBB
5.8
Reaffirmed Corporation Ltd. Mahaveer Fibres Pvt Ltd
LT Bk Fac
CARE BB-
111
Revised form
CARE B+ (reduced from 11.95) Man Realty Ltd
LT Bk Fac**
CARE BBB (SO) 2500
Revised from
CARE BBB+ (SO) **backed by Letter of Comfort given by Man Industries (India) Ltd Marda Enterprises Pvt Ltd
LT Bk Fac
CARE BBB-
57.5
Reaffirmed Medics International Lifesciences Ltd LT Bk Fac
CARE BB
1936.4 Revised from
CARE BB- (increased from 118.64) Meenamani Ganga Builders Llp
LT Bk Fac
CARE B+
500
Issuer not
Cooperating Methodex Systems Pvt Ltd
LT Bk Facilitie
CARE BBB+
450
Revised from
CARE A- Mi Mysolar24 Pvt Ltd
LT Bk Fac
CARE A-
426.5 Reaffirmed Milestone Opportunities Fund 10
-
-
-
Withdrawn Mutha Engineering Pvt Ltd
LT Bank Fac
CARE BB-
110
Upgraded from
CARE B+ (reduced form Rs.11.23 crore) Nabha Power Ltd
LT Bk Fac
CARE A
4399.9 Reaffirmed
(External
commercial borrowings) Nabha Power Ltd
LT Bk Fac (Working CARE A
7500
Reaffirmed
capital limits) Nabha Power Ltd
LT Bk Fac (BG)
CARE A
800
Reaffirmed Nangalwala Chemical Industries
LT Bk Fac
CARE BB
28.8
Revised from
CARE BB- Nayak Infrastructure Pvt Ltd
LT Bk Facility
CARE BBB
875
Assigned Nayak Infrastructure Pvt Ltd
LT/ ST Bk Facility CARE BBB
1300
Assigned
/CARE A3 Osmed Formulations Pvt Ltd
LT Bk Fac
CARE D
22.3
Revised from
CARE BB- (reduced from 3.20) Osmed Formulations Pvt Ltd
LT/ST Bk Fac
CARE D
20
Revised from
CARE BB-/CARE
A4 Ostro Madhya Wind Pvt Ltd
LT Bk Fac
CARE BBB
5000
Reaffirmed (enhanced from 457.24) Paayas Milk Producer Co. Ltd
Issuer Rating
CARE AA- (Is) -
Reaffirmed Pantel Technologies Pvt Ltd
LT Bk Fac
CARE D
140
Revised from
CARE B+ Paras Gottam And Company
LT /ST Bk Fac
CARE B+ /CARE 100
Reaffirmed
A4 Parishudh Machines Pvt Ltd
LT Bk Fac
CARE D
65
Revised from
CARE B Paschim Gujarat Vij Co. Ltd
LT Bk Fac
CARE AA-
8469.3 Revised from
CARE A+ Paschim Gujarat Vij Co. Ltd
Long /ST Bk Fac
CARE AA-
490
Revised from
/CARE A1+
CARE A+/ CARE
A1+ Pawan Enterprises
LT/ST Bk Fac
CARE BB-/A4
88
Issuer not
Cooperating Prerna Services Pvt Ltd
LT Bk Fac
CARE D
52.2
Revised from
CARE B+ Punjab Biomass Power Ltd
TL
CARE BB-
178.5 Reaffirmed Punjab Biomass Power Ltd
CC
CARE BB-
99.7
Reaffirmed R.G. Residency Pvt Ltd
LT Bk Fac
CARE D
940.7 issuer not
Cooperating Rahul Agro Industries
LT Bk Fac
CARE BB-
180
Revised from
CARE B+ Rajasthan Education Institute & HealthLT Bk Fac
CARE BB-
62.6
Issuer not Society
Cooperating Rajasthan Powergen Transformers Pvt LtLT Bk Fac
CARE B
65.8
Revised from
CARE B+ Rajesh Projects India Pvt Ltd
LT Bk Fac
CARE D
562.6 issuer not
Cooperating Reliance Big Entertainment Pvt Ltd
LT Bk Fac
CARE A+
-
Reaffirmed @ Backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee from Reliance Innoventures Pvt. Ltd. (RIPL). Reliance Big Entertainment Pvt Ltd
LT Bk Fac
CARE BBB-
400
Reaffirmed Reliance Capital Ltd
LT debt Programme CARE AA+
170000 Reaffirmed Reliance Commercial Finance Ltd
LT Bk Fac
CARE AA+
105000 Reaffirmed Reliance Commercial Finance Ltd
NCDs
CARE AA+
10000 Assigned Reliance Commercial Finance Ltd
Subordinated Debt CARE AA+
5000
Assigned Reliance Commercial Finance Ltd
Market Linked
CARE PP-MLD AA+2000
Assigned
Debentures Reliance Infrastructure Ltd
LT Bk Fac
CARE A+
37000 Continues on
Credit Watch (enhanced from 2600) Reliance Infrastructure Ltd
LT NCD -1
CARE A+
8000
Continues on
Credit Watch Reliance Infrastructure Ltd
LT NCD-2
CARE A+
12000 Continues on
Credit Watch Reliance Infrastructure Ltd
LT NCD-3
CARE A+
3650
Continues on
Credit Watch Rika Global Impex Ltd.
LT / ST Bk Fac
CARE BBB/CARE 2050
Revised from
(FB/NonFB)
A3
CARE BBB-
/Reaffirmed (reduced from 210) Ritu Logistics
LT Bk Fac
CARE B+
90
Reaffirmed Rochem Separation Systems Pvt Ltd
LT Bk Fac
CARE BBB-
504.6 Assigned Rochem Separation Systems Pvt Ltd
LT/ST Bk Fac
CARE BBB-
375
Assigned
/CARE A3 Rohit Steels
LT Bk Fac
CARE BB
130
Assigned Rungta Irrigation Ltd
LT Bk Fac
CARE B+
140
issuer not
Cooperating S. K. Industries
LT Bk Fac
CARE B+
79
issuer not
Cooperating Salasar Techno Engineering Ltd
LT Bk Fac (TL)
CARE BB+
-
Withdrawn Salasar Techno Engineering Ltd
LT Bk Fac
CARE BBB
400
Revised from
CARE BB+ (Enhanced from 37.50) Sansar Trust March 2017 Vi (OriginatorSeries A PTC
Prov lCARE AA -
Assigned Shriram Transport (NS:SRTR) Finance Company Ltd.)
(SO) Sant Auto
LT Bk Fac
CARE B+
60
Assigned Sd Corporation Pvt Ltd
LT Bk Fac#
CARE AA+
675
Reaffirmed # Revolving Debt Service Reserve Account (DSRA) guarantee from Shapoorji Pallonji and Company Private Ltd (SPCPL,CARE AA+ Stable) to fund DSRA three business days in advance in case borrower i.e. S.D. Corporation Pvt. Ltd. is not ableto fund DSRA four business days in advance prior to relevant due date for an amount equal to one month debtservice/repayment obligation (including principal and interest). Shivani Cotex Pvt Ltd
LT Bk Fac
CARE B+
122.2 Issuer not
Cooperating Shivani Scientific Industries Pvt Ltd LT Bk Fac
CARE BB+
77.2
issuer not
Cooperating Shraddha Energy & Infraprojects Pvt LtLT Bk Fac
CARE BB+
1643.1 Reaffirmed Shree Shubham Logistics Ltd
LT Bk Fac
CARE BBB
3305.3 Revised from
CARE BBB+ (reduced from Rs.369.28 crore) Shree Shubham Logistics Ltd
LT/ ST Bk Fac
CARE BBB
1600
Revised from
/CARE A3
CARE BBB+ /
CARE A3+ (enhanced from Rs.140.00 crore) Shri Om Sai Auto
LT Bk Fac
CARE B+
100.7 Assigned Shri Ramchander Straws Products Ltd LT Bk Fac
CARE BB+
80
issuer not
Cooperating Shri Rokadoba Maharaj Ginning And
LT Bk Fac
CARE B+
92.8
Reaffirmed Pressing Pvt Ltd (reduced from 10.03) Shrivallabh Pittie Industries Ltd
LT Bk Fac
CARE BB+
2750
Issuer not
Cooperating Shubhalakshmi Polyesters Ltd.
LT Bk Fac
CARE BBB
6823.9 Reaffirmed Sidhartha Buildhome Pvt Ltd
LT Bk Fac
CARE D
1290
Revised from
CARE BB- Sigma Industrial Corporation
LT Bk Fac
CARE D
100
Revised from
CARE BB- Simplex Engineers & Traders
LT Bk Fac
CARE B+
5
issuer not
Cooperating Skipper Ltd
Long -term Bk Fac CARE A+
4587
Reaffirmed (enhanced from 434.50) Skipper Ltd
Long /ST Bk Fac
CARE A+ /CARE 13000 Reaffirmed
A1+ Sp Imperial Star Pvt Ltd
LT- NCD Series-A CARE A
6500
Assigned
(Zero Coupon) Sp Imperial Star Pvt Ltd
LT- NCD Final
CARE AA+ (SO) 500
Assigned
Rating Series B
(Zero Coupon)* *backed by an unconditional and irrevocable DSRA guarantee from SPCPL (rated CARE AA+ Stable) Spc Infrastructure Pvt Ltd
LT / ST Bk Fac
CARE BBB-
200
Reaffirmed
/CARE A3 Stci Finance Ltd
NCDs
-
-
Withdrawn Stylam Industries Ltd
LT Bk Fac
CARE BBB+
458.8 Reaffirmed Suncity Projects Pvt Ltd
LT Bk Fac
CARE BBB-
600
Reaffirmed Supreme And Company Pvt Ltd
LT Bk Fac
CARE BBB-
587.1 Reaffirmed (enhanced from 63.77) Supreme And Company Pvt Ltd
Long/ST Bk Fac
CARE BBB-
1210
Reaffirmed
/CARE A3 Svasti Microfinance Pvt Ltd
LT Bk Fac
CARE BB+
400
Reaffirmed Taneja Aerospace And Aviation Ltd
LT Bk Fac
CARE BB-
350.9 Reaffirmed Tata Motor Finance Ltd
Perpetual Debt
CARE AA-
397
Assigned Tata Motor Finance Ltd
NCDs
CARE AA+
15270 Assigned Tata Motor Finance Ltd
Subordinated Debt CARE AA+
2650
Assigned Tata Motor Finance Solutions Ltd
Perpetual Debt
CARE AA-
1000
Assigned Tata Motor Finance Solutions Ltd
NCDs
CARE AA+
10000 Assigned Tata Motor Finance Solutions Ltd
Subordinated Debt CARE AA+
2000
Assigned Tetradrip Pharma Pvt Ltd
LT Bk Fac
CARE B+
70
Assigned The Kutch Salt And Allied Industries LLT Bk Fac
CARE BB+
180
Reaffirmed Trust Marketing
LT/ST Bk Fac
CARE BBB /CARE 600
Reaffirmed
A3+ Ultra Home Construction Pvt Ltd
LT Bk Fac
CARE D
2045.6 issuer not
Cooperating Urban Transit Pvt Ltd
LT Bk Fac
CARE BBB-(SO)* 1520
Reaffirmed *The ratings factor in credit enhancement in the form of an unconditional and irrevocable corporate guarantee extended by promoters Scomi Engineering Bhd. (SEB) to the lenders of UTPL. Varron Aluminium Pvt Ltd
LT Bk Fac
CARE D
400
Issuer not
Cooperating Varron Aluminium Pvt Ltd
LT Bk Fac/ST Bk FacCARE D
500
Issuer not
Cooperating Varron Auto Kast Ltd
LT Bk Fac
CARE D
1550
Issuer not
Cooperating Varron Auto Kast Ltd
LT Bk Fac/ST Bk FacCARE D
3220
Issuer not
Cooperating Varron Industries Pvt Ltd
LT Bk Fac
CARE D
179.4 Issuer not
Cooperating Varron Industries Pvt Ltd
LT Bk Fac/ST Bk FacCARE D
1091
Issuer not
Cooperating Varsity Instruments Pvt Ltd
LT Bk Fac
CARE BB-
5
Assigned Vasu Infrastructure Pvt Ltd
LT Bk Fac
CARE BB
500
issuer not
Cooperating Velko Infratek Projects Pvt Ltd
LT Bk Fac
CARE BB+
50
Assigned Velko Infratek Projects Pvt Ltd
LT/ST Bk Fac
CARE BB+ /CARE 150
Assigned
A4+ Wadhwa Residency Pvt. Ltd.
LT Bk Fac - TL
CARE BBB(SO)* 5003.5 Reaffirmed
* based on escrow of project receivables and other terms of the sanction Walzen Strips Pvt. Ltd.
LT Bk Fac
CARE BB
191
Assigned Welspun Renewables Energy Pvt Ltd
LT Bk Fac
CARE A
22527 Reaffirmed Win-Stone Industries (India) Pvt Ltd LT Bk Fac
CARE D
142.6 Revised from
CARE C -------------------------------------------------------------------------------------------- $: 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.