Apr 2 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 30&31, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- Aarnav Industries Pvt Ltd
ST Bk Fac
CARE A3+
100
Reaffirmed Adani (NS:APSE) Agrifresh Ltd
ST Bk Fac
CARE A3
100
Reaffirmed Aishwarya Plast Exports Pvt Ltd
ST Bk Fac
CARE A4
194
-
Non-fund based ISSUER NOT COOPERATING Ajanta Universal Fabrics Pvt Ltd
ST Bk Fac
CARE A4+
130
Reaffirmed Ajeet And Company
ST Bk Fac
CARE A4
30
Reaffirmed Allflex Plastics Llp
ST Bk Fac
CARE A4
6
Assigned Amit Mines Pvt Ltd
ST Bk Fac
CARE A4
60
- ISSUER NOT COOPERATING Amit Metaliks Ltd
ST Bk Fac
CARE D
105
- ISSUER NOT COOPERATING Antony Waste Handling Cell Pvt Ltd
ST Bk Fac
CARE A3
230
Assigned Ashok Motors
ST Bk Fac
CARE A4+
6
Revised from
CARE A4 Balaram Papers Pvt Ltd
ST Bk Fac
CARE A4
7
- Issuer not cooperating Bebo International
ST Bk Fac
CARE A4
35
- ISSUER NOT COOPERATING Bharat Ship Breakers Corporation
ST Bk Fac
CARE A4+
663
Reaffirmed Bluecross Commodities Pvt Ltd
ST Bk FacNon-FB
CARE A4+
7.5
- Issuer not cooperating Bridal Jewellery Manufacturing CompanyST Bk Fac
CARE A4+
415
Reaffirmed Caspia Hotels Pvt Ltd
ST Bk Fac
CARE A3
100
Reaffirmed Chinar Forge Ltd
ST Bk Fac
CARE A4+
200
Revised from
CARE A3 ISSUER NOT COOPERATING Cipla (NS:CIPL) Ltd
ST Bk Fac (FB)
CARE A1+
31920 Reaffirmed Cipla Ltd
ST Bk Fac (Non-FB) CARE A1+
584.1 Reaffirmed Clix Capital Services Pvt Ltd
ST Bk Fac
CARE A1+
300
Reaffirmed Clix Capital Services Pvt Ltd
CP Issue
CARE A1+
7000
Reaffirmed (enhanced from 600 Crore) Clix Finance India Pvt Ltd
CP (CP) issue
CARE A1+
3000
Reaffirmed (enhanced from 200 Crore) Creative Casuals India Pvt Ltd
ST Bk Fac (Non
CARE A4+
60
Assigned
Fund Based)
(FC/LC/BG) Creative Casuals India Pvt Ltd
ST Bk Fac (Nonfund -
-
Withdrawn
Based)(LC/BG) Deesan Cotex Pvt Ltd
ST Bk Fac
CARE A4
10
Reaffirmed Dura Roof Pvt Ltd
ST Bk Facility
CARE A4
25
Assigned Epson Vitrified Pvt Ltd
ST Bk Fac
CARE A4
22.5
Reaffirmed Eros International Media Ltd
ST Bk Fac
CARE A3+
1870
Revised from
CARE A2 Finolex J-Power Systems Pvt Ltd
ST Bk Fac
CARE A3
260
Reaffirmed Flamingo Pharmaceuticals Ltd
ST Bk Fac
CARE A4
130
Revised from
(Non-Fund Based)
CARE A4 ISSUER NOT COOPERATING Genuine Promoters
ST Bk Fac
CARE A3
100
Revised from
CARE A4+ Gem Granites
ST Bk Fac
CARE D
771.6 - ISSUER NOT COOPERATING Gopi Synthetics Pvt Ltd
ST Bk Fac
CARE A3+
100
Reaffirmed Hanuman Weaving Factory
ST Bk Fac
CARE A4+
15.5
Revised from
CARE A3 Hule Constructions Pvt Ltd
ST Bk Fac
CARE A4
30
- ISSUER NOT COOPERATING K.K.R Agro Mills Pvt Ltd
ST Bk Fac
CARE A4+
11.7
Reaffirmed K.K.R. Mills
ST Bk Fac
CARE A4+
40
Reaffirmed Kakoti Engineering Works
ST Bk Fac
CARE A4
12.5
Assigned Karan Letex Ltd
ST Bk Fac
CARE A4+
4
- Issuer not cooperating Kesar Multimodal Logistics Ltd
ST Bk Fac (Non
CARE A4
90
Reaffirmed
Fund Based- BG
limit Krushna Cotex Pvt Ltd
ST Bk Fac
CARE A4
56.8
Reaffirmed Kse Electricals Pvt Ltd
ST Bk Fac
CARE A2
113
Revised from
CARE A3+ Kuantum Papers Ltd
ST Bk Fac
CARE A2+
532.5 Revised from
CARE A2 Karuna Management Services Ltd
ST Bk Facility
-
-
Withdrawn Lala Munni Lal Mange Ram Charitable ST Bk Fac
CARE A2+
4
Reaffirmed Trust Madhav Solar (Karnataka) Pvt Ltd
ST Bk Facility
CARE A2+
500
Reaffirmed Mantena Infra Llp
ST Bk Fac
CARE A3+
310
- Issuer not cooperating Master Construction Company
ST Bk Fac
CARE A4
20
Assigned Mense Electricals Pvt Ltd
ST Bk Fac
CARE A4
80
Reaffirmed Milano Bathroom Fittings Pvt Ltd
Non Fund based - CARE A3+
2.5
Reaffirmed
ST Bk Fac -LOC Mittal Infrastructure Pvt Ltd
ST Bk Fac
CARE A4
10
Reaffirmed Modison Copper Pvt. Ltd.
ST Bk Fac
CARE A3+
45
Reaffirmed Modison Metals Ltd
ST Bk Fac
CARE A1
175
Reaffirmed Murli Krishna Pharma Pvt Ltd
ST Bk Fac
CARE D
99
Revised from
CARE A4 Netafim Agricultural Financing Agency ST Bk Fac
CARE A2+
1300
Reaffirmed Pvt. Ltd. New Manasa Mata Foods
ST Bk Fac
CARE A4
4.5
Assigned P.K. Thakur And Company Pvt Ltd
ST Bk Fac
CARE A4
55
- Issuer not cooperating Pannalal Mahesh Chandra Jewellers
ST Bk Fac
CARE A4
201.5 Reaffirmed Paramount Impex Pvt Ltd
ST Bk Fac
CARE A4
105
- ISSUER NOT COOPERATING Pioneer Foods And Agro Industries Pvt ST Bk Fac
CARE A4
300
Reaffirmed Ltd Prabhat Elastomers Pvt Ltd
ST Bk Fac
CARE A4
140
Reaffirmed Issuer not cooperating Priyanka Communications (India) Pvt ST Bk Fac (Non-FB) CARE A3+
800
- Limite ISSUER NOT COOPERATING R.B.S Candiaparcar Engineers And
ST Bk Facility
CARE A4+
125
Reaffirmed Contractors Rallifan Ltd
ST Bk Fac
CARE A4
30
Reaffirmed Recorn Foods Pvt Ltd
ST Bk Fac
CARE A4
1
Assigned Ring Plus Aqua Ltd
ST Bk Fac
CARE A1+
119
Reaffirmed Rosmerta Technologies Ltd
ST Bk Fac
CARE A4
300
Reaffirmed S S Group Pvt Ltd
ST Bk Facility
CARE A4+
200
Assigned S. N. Rice Mills
ST Bk Facility
CARE A4
40
Reaffirmed Sai Balaji Constructions
ST Bk Facility
CARE A4
30
Assigned Samhi Hotels (Ahmedabad) Pvt Ltd
ST Bk Fac
CARE A3
40
Reaffirmed Sanghi Brothers (Indore) Pvt Ltd
ST Bk Fac
CARE A4+
190
Reaffirmed Satya Sai Exims
ST Bk Fac
CARE A4
50
- ISSUER NOT COOPERATING Shaarc Projects Ltd
ST Bk Fac
CARE A4+
65
- ISSUER NOT COOPERATING Shrijee Lifestyle Pvt Ltd
ST - FB Fac
CARE A3+
250
Reaffirmed Shrishaila Electricals India Pvt Ltd ST Bk Facility
CARE A4
100
Reaffirmed (Enhanced from 4.00 Crore) Sri Venkata Vamsi Krishna Traders
ST Bk Fac
-
-
Withdrawn Sajjala Woven Sacks Pvt Ltd
ST Bk Facility
CARE D
10
Revised from
CARE A4 Smbt Sevabhavi Trust
ST Bk Fac
CARE A4
236
- ISSUER NOT COOPERATING Pruthvi Aditya Infratech Pvt Ltd
ST Bk Fac
-
-
Withdrawn Technovinyl Polymers India Ltd
ST Bk Fac
CARE A3+
26.8
Reaffirmed Texspin Bearings Ltd
ST Bk Fac
CARE A2
12.8
Reaffirmed Tractors India Pvt Ltd
ST Fac
CARE A2
1100
Assigned Uppal Housing Pvt Ltd
ST Bk Fac
CARE A4+
1550
Revised from
CARE A3 Issuer not cooperating Us Technology International Pvt Ltd ST Bk Fac
CARE A3+
2880
Reaffirmed Venus Pipes And Tubes Pvt Ltd
ST Bk Fac
CARE A4
25
Assigned Whitefields Apparel
ST Bk Fac
CARE A4
33.5
Revised from
CARE A4 ISSUER NOT COOPERATING Yogendra International
ST Bk Fac
CARE A4
127
Assigned York Transport Equipment (India) Pvt ST Bk Fac
CARE A2
150
- Placed on credit watch with developing implications Unique Green Energy Technologies Pvt ST Bk Fac
-
-
Withdrawn LONG TERM RATINGS: ------------------- Aakash Global Foods Pvt Ltd
LT Bk Fac
CARE BBB+
93.1
Revised from
CARE BBB Aakash Global Foods Pvt Ltd
LT / ST Bk Fac
CARE BBB+/A3+ 60
Revised from
CARE BBB/A3 Aarnav Fabrics Pvt Ltd
LT Bk Fac
-
-
Withdrawn Aarnav Industries Pvt Ltd
LT Bk Fac
CARE BBB
586.3 Reaffirmed Aarnav Industries Pvt Ltd
LT / ST Bk Fac
CARE BBB/A3+ 10
Reaffirmed Adani Agrifresh Ltd
LT Bk Fac
CARE BBB-
174.1 Reaffirmed Adani Agrifresh Ltd
LT/ ST Bk Fac
CARE BBB-/A3 1450
Reaffirmed Adani Ports And Special Economic Zone NCDs (Proposed) - ICARE AA+
7500
Reaffirmed Ltd Adani Ports And Special Economic Zone NCDs Issue - II
CARE AA+
600
Reaffirmed Ltd Ahill Apparel Exports Pvt Ltd
LT Bk Fac
CARE BB+
279.2 Revised from
CARE BBB- ISSUER NOT COOPERATING Ahmedabad Ring Road Infrastructure LtdLT Bk Fac
CARE A+
2707
Reaffirmed Aishwarya Plast Exports Pvt Ltd
Bk Fac-Fund Based CARE BB
30
-
(CC) ISSUER NOT COOPERATING Ajanta Universal Fabrics Pvt Ltd
LT Bk Fac
CARE BB+
96.4
Reaffirmed Ajanta Universal Fabrics Pvt Ltd
LT /ST Bk Fac
CARE BB+/A4+ 27.5
Reaffirmed Ajeet And Company
LT/ST Bk Fac
CARE B+ /CARE 140
Revised from
A4
CARE BB- Akshat Agro Milling Company Pvt Ltd LT Bk Fac
CARE BB+
300
- Issuer not cooperating Allflex Plastics Llp
LT Bk Fac
CARE B+
149.4 Assigned Amit Metaliks Ltd
LT Bk Fac
CARE D
1052.7 - ISSUER NOT COOPERATING Amit Mines Pvt Ltd
LT Bk Fac
CARE BB
350
- ISSUER NOT COOPERATING Anantha Agency'S Pvt Ltd
LT Bk Fac
CARE B+
150
- ISSUER NOT COOPERATING Antony Lara Enviro Solutions Pvt Ltd LT Bk Fac : TL
CARE BBB
1105
Assigned Antony Waste Handling Cell Pvt Ltd
LT Bk Fac
CARE BBB
275
Assigned Apple (NASDAQ:AAPL) Hospitals And Research InstituteLT Bk Fac
CARE BB+
237
Reaffirmed Ltd Ashok Leyland (NS:ASOK) Ltd
LT/ST Bk Fac
CARE AA+/A1+ 26000 Revised from
CARE AA/A1+ Ashok Motors
LT Bk Fac
CARE BB
199.5 Revised from
CARE BB- Ashok Motors
LT/ ST Bk Fac
CARE BB/A4+
5
Assigned Aspiro Pharma Ltd
LT Bk Fac
CARE BBB-
323.1 Reaffirmed Balaram Papers Pvt Ltd
LT Bk Fac
CARE B+
90
- Issuer not cooperating Balaram Papers Pvt Ltd
LT/ ST Bk Fac
CARE B+/A4
40
- Issuer not cooperating Balu Iron & Steel Company
LT Bk Fac
CARE BB-
1000
- Issuer not cooperating Bebo International
LT Bk Fac
CARE B+
30
- ISSUER NOT COOPERATING Beta Wind Farm Pvt Ltd
LT Bk Fac
CARE D
9379
Reaffirmed Bgr Energy Systems Ltd
LT Bk Fac
CARE BBB+
31840 Revised from
CARE BBB+ Bgr Energy Systems Ltd
LT / ST Bk Fac
CARE BBB+/A3+ 66930 Revised from
CARE BBB+/A2 Bharat Ship Breakers Corporation
LT Bk Fac
CARE BB+
87
Reaffirmed Binayak Tex Processors Ltd
Bk Fac-FB - LT/
CARE BBB-/A3 420
Revised from
ST-CC/PC/ Bill
CARE BBB-/A3
Discounting Bluecross Commodities Pvt Ltd
LT Bk FacFB
CARE BB+
300
- Issuer not cooperating Bluecross Commodities Pvt Ltd
LT Bk Fac
CARE BB+
20
-
(Proposed TL) Issuer not cooperating Caspia Hotels Pvt Ltd
LT Bk Fac
CARE BBB-
2070.3 Reaffirmed Chinar Forge Ltd
LT Bk Fac
CARE BB+
307.5 Revised from
CARE BBB- ISSUER NOT COOPERATING Clix Capital Services Pvt Ltd
LT Bk Fac
CARE AA-
21200 Reaffirmed (enhanced from 1120 Crore) Clix Capital Services Pvt Ltd
LT/STBk Fac
CARE AA-
2000
Reaffirmed Clix Capital Services Pvt Ltd
Non - Convertible CARE AA-
1000
Reaffirmed
Debentures
(Proposed) Clix Capital Services Pvt Ltd
Non - Convertible CARE AA-
1000
Assigned
Debentures
(Proposed) Clix Capital Services Pvt Ltd
Non - Convertible CARE AA-
3000
Assigned
Debentures
(Proposed) Clix Finance India Pvt Ltd
LT Bk Fac
CARE AA-
15000 Reaffirmed (enhanced from 700 Crore) Clix Finance India Pvt Ltd
NCDs(Proposed)
CARE AA-
1000
Reaffirmed Clix Finance India Pvt Ltd
NCDs(Proposed)
CARE AA-
2000
Assigned Clix Finance India Pvt Ltd
LT/ST BkFac
CARE AA- /CARE 3000
Reaffirmed
A1+ (enhanced from 100 Crore) Creative Casuals India Pvt Ltd
LT Bk Fac (Fund
-
-
Withdrawn
Based)(CC/PCFC) Creative Casuals India Pvt Ltd
LT Bk Fac (Fund
CARE BB+
80
Assigned
Based)(CC/PCFC) Deesan Cotex Pvt Ltd
LT Bk Fac
CARE B
180
Revised from
CARE B+ Dev Priya Products Pvt Ltd
LT Bk Fac
CARE A-
450
Assigned Drushti Realtors Pvt Ltd
LT Bk Fac
CARE D
150
- Issuer not cooperating Dura Roof Pvt Ltd
LT Bk Facility
CARE BB-
174.9 Assigned Ecoren Energy India Pvt Ltd
LT/ST Bk Fac
CARE BBB+/A3 500
Reaffirmed Epson Vitrified Pvt Ltd
LT Bk Fac
CARE BB-
75
Reaffirmed Eros International Media Ltd
LT Bk Fac
CARE BBB+
5630
Revised from
CARE A- Finolex J-Power Systems Pvt Ltd
LT Bk Fac
CARE BBB-
206.4 Reaffirmed Flamingo Pharmaceuticals Ltd
LT Bk Fac - TL
CARE B
1378.2 Revised from
CARE BB+ ISSUER NOT COOPERATING Flamingo Pharmaceuticals Ltd
LT /ST Bk Fac
CARE B/A4
750
Revised from
(Fund Based)
CARE BB+/A4 ISSUER NOT COOPERATING Ganraj Ispat Pvt Ltd
LT Bk Facility
CARE BB-
300
Reaffirmed Gem Granites
LT Bk Fac
CARE D
580.2 - ISSUER NOT COOPERATING Gem Granites
LT/ST Bk Fac
CARE D
193.3 - ISSUER NOT COOPERATING Genuine Promoters
LT Bk Fac
CARE BBB-
1250
Revised from
CARE BB+ Gopi Synthetics Pvt Ltd
LT Bk Fac
CARE BBB
1123.9 Reaffirmed Gopi Synthetics Pvt Ltd
LT/ Shortterm Bk CARE BBB/A3+ 35
Reaffirmed
Facilit Goverdhan Energy And Petrochemicals PvLT Bk Facility
CARE BB
81.4
Reaffirmed Ltd Goverdhan Energy And Petrochemicals PvLT/ST Bk Facilitie CARE BB
30
Revised from Ltd
CARE BB Greenergy Wind Corporation Pvt Ltd
LT Bk Fac@
Prov.CARE BBB+ 395
Reaffirmed @ The above rating is provisional due to ongoing process of transferring wind mill assets of 8.2MW of Golden Hatcheries (GOH). The rating will be finalized post transfer of assets involving no cash outflow. Interest and redemption of preference shares, if issued for acquisition, will be subordinated to bank's debt Hanuman Weaving Factory
LT Bk Fac
CARE BB+
97
Revised from
CARE BBB- Haryana Liquors Pvt Ltd
LT Bk Fac
CARE B+
583.5 Reaffirmed Haryana Liquors Pvt Ltd
LT/ST Bk Fac
CARE B+/A4
10
Reaffirmed Hetero Labs Ltd
LT Bk Facility
CARE A+
37484.3 Revised from
CARE AA- Hetero Labs Ltd
LT/ST Bk Fac
CARE A+/A1+
12500 Revised from
CARE AA-/A1+ Hetero Med Solutions Ltd
LT Bk Facility
CARE A+
1322.3 Revised from
CARE AA- Hetero Wind Power (Pennar) Pvt Ltd
LT Bk Facility
CARE A+
935
Revised from
CARE AA- Hetero Wind Power Ltd
LT Bk Facility
CARE A+
2242.1 Revised from
CARE AA- Hilton Infrastructure
LT Bk Fac
CARE D
231.5 Reaffirmed Honey Vanijya Pvt Ltd
LT Bk Fac
CARE BB-
100
Assigned Hule Constructions Pvt Ltd
LT Bk Fac
CARE B+
90
- ISSUER NOT COOPERATING Icici Prudential (LON:PRU) Mutual Fund
LT Bk Fac (CC/
CARE AAA
20000 Revised from
Overdraft facility)
CARE A1+ Impresario Entertainment & HospitalityLT Bk Fac
CARE BB-
22.1
Revised from Pvt Ltd
CARE B Incredible Realcon Pvt Ltd
LT Instruments
CARE BB+
6000
Revised from
(Non- Convertible
CARE BBB-
Debentures) Insight Media City (India) Pvt Ltd
LT Bk Fac
CARE BB+
500
Assigned Jaipur Mahua Tollway Pvt Ltd
LT Bk Facility
CARE AA-
1350.1 Reaffirmed Jaipur Mahua Tollway Pvt Ltd
LT Instrument-
CARE AA-
1605.4 Reaffirmed
Nonconvertible
debentures Jaya Educational Society
LT Bk Fac
CARE BBB-
469
Reaffirmed Jrg Fincorp Ltd
LT Bk Fac
CARE BBB
500
- ISSUER NOT COOPERATING K.K.R Agro Mills Pvt Ltd
LT/ST Bk Fac
CARE BB
330
Reaffirmed K.K.R Flour Mills
LT Bk Facility
CARE BB
150
Reaffirmed K.K.R. Food Products
LT Bk Facility
CARE BB
300
Reaffirmed K.K.R. Mills
LT Bk Facility
CARE BB
150
Reaffirmed Kakoti Engineering Works
LT Bk Fac
CARE B+
60
Assigned Karan Letex Ltd
LT Bk Fac
CARE BB+
115
- Issuer not cooperating Karthika Modern Rice Mill
LT Bk Facility
CARE BB
110
Reaffirmed Karuna Management Services Ltd
LT Bk Facility
-
-
Withdrawn Kerala Police Housing Co-Operative
LT Bk Fac
CARE BBB
1000
- Society Ltd Issuer not cooperating Kesar Multimodal Logistics Ltd
LT Bk Fac (TL)
CARE B+
991.1 Revised from
CARE BB+ Kesar Terminals And Infrastructure LtdLT Bk Fac (TL)
CARE B+
118.8 Revised from
CARE BB+ Khagaria Purnea Highway Project Ltd LT Bk Fac (Senior CARE A-
4623.5 Revised from
debt)
CARE A (reduced from Rs.516.95 crore Crore) Khagaria Purnea Highway Project Ltd LT Bk Fac
CARE BBB+
300
Revised from
(Sub-ordinate debt)
CARE A- Krushna Cotex Pvt Ltd
LT Bk Fac
CARE B+
82.2
Reaffirmed Kse Electricals Pvt Ltd
LT Bk Fac
CARE BBB+
808.2 Reaffirmed Kuantum Papers Ltd
LT Bk Fac
CARE A-
2150.8 Revised from
CARE BBB+ Kuantum Papers Ltd
LT/Medium-term
CARE A-(FD)
400
Revised from
Fixed deposits
CARE BBB+ L&T Finance Ltd.
LT Bk Facility
CARE AAA
211000 Reaffirmed L&T Housing Finance Ltd
LT Bk Facility
CARE AAA
39000 Reaffirmed Lala Munni Lal Mange Ram Charitable LT Bk Fac
CARE A-
346
Reaffirmed Trust Legitimate Assets Operators Pvt. Ltd. NCD
CARE A+
2722.5* Reaffirmed
* the above rating is based on the credit enhancement in the form of Escrow agreement entered between Future Retail (NS:FURE) Ltd. (FRL), Legitimate Assets Operators Pvt. Ltd. (LAOPL) and LAOPL's debenture trustee wherein FRL has given an unconditional undertaking that it shall continue to make payment of monthly lease rentals (as per Master Lease Agreement, MLA) and annual management fees (as per Master Fees Agreement, MFA) to LAOPL until the NCD issue of LAOPL is repaid in full irrespective of usage of the assets leased by LAOPL to FRL. The rating also factors in the unconditional and irrevocable undertaking extended by Mr. Kishore Biyani, Mr. Rakesh Biyani and Mr. Vijay Biyani assuring the performance by FRL of its obligations under the MLA, MFA and Escrow Agreement. Lokmangal Agro Industries Ltd
LT Bk Fac
CARE BB
1100
- Issuer not cooperating Lokmangal Sugar Ethanol And
LT Bk Fac
CARE D
1747.1 - Co-Generation Industries Ltd Issuer not cooperating M.B. Ispat Corporation Ltd
LT Bk Fac
CARE B+
112.5 Revised from
CARE B+ M/S Kala Chand Bose
LT Bk Fac
CARE B+
66
Assigned Macro Group Pvt Ltd
LT Bk Fac
CARE D
165
Revised from
CARE BB- ISSUER NOT COOPERATING Madhav Solar (Karnataka) Pvt Ltd
LT Bk Facility
CARE A-
612.8 Reaffirmed Manav Sevarth Trust
LT Bk Fac
CARE A-
250
Reaffirmed Mantena Infra Llp
LT Bk Fac
CARE BBB+
300
- Issuer not cooperating Master Construction Company
LT Bk Fac
CARE BB-
70
Assigned Mense Electricals Pvt Ltd
LT Bk Fac
CARE BB
85
Reaffirmed Milano Bathroom Fittings Pvt Ltd
Fund Based - LT Bk CARE BBB+
100
Reaffirmed
Fac - CC Mitra Infratech Pvt. Ltd.
LT Bk Facility
CARE A-
958.2 Revised from
CARE BBB+ Mittal Infrastructure Pvt Ltd
LT Bk Fac
CARE B+
60
Reaffirmed Modison Copper Pvt. Ltd.
LT Bk Fac - TL
-
-
Withdrawn Modison Copper Pvt. Ltd.
LT Bk Fac
CARE BBB+
24
Revised from
CARE BBB Modison Metals Ltd
LT Bk Fac
CARE A
450
Reaffirmed Molagavalli Renewable Pvt Ltd
Proposed LT
Prov.CARE A+ 3130
Reaffirmed
Instrument - NCDs
(Issuance III) @ @ backed by credit enhancement in the form of: a. Proposed Unconditional and irrevocable promoter guarantee by Renew Power Ventures Private Limited (RPVPL, rated CARE A+; Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of the NCDs and structured payment mechanism. b. Proposed Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers (Narmada Wind Energy Private Limited and Renew Wind Energy (Rajasthan One) Private Limited) within the Restricted Group. Further all associates shall unconditionally and irrevocably guarantee their respective Issuers. Momai Foods Pvt Ltd
Long- term Bk Fac CARE D
86.4
Reaffirmed Removed from issuer not cooperating ,(reduced from 9.86 Crore) Murli Krishna Pharma Pvt Ltd
LT Bk Fac
CARE D
21
Revised from
CARE B+ Muthoot Fincorp Ltd
LT Bk Fac
CARE A-
30000 Reaffirmed Mynores India Pvt Ltd
LT Bk Fac
CARE A-
194.2 Reaffirmed Mynores India Pvt Ltd
LT/ Shortterm Bk CARE A-/A2
30
Reaffirmed
Facilit Narmada Wind Energy Pvt Ltd
Proposed LT
Prov.CARE A+ 5640
Reaffirmed
Instrument - NCDs
(Issuance II) @ @ backed by credit enhancement in the form of: a. Proposed Unconditional and irrevocable promoter guarantee by Renew Power Ventures Private Limited (RPVPL, rated CARE A+; Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of the NCDs and structured payment mechanism. b. Proposed Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers (Narmada Wind Energy Private Limited and Renew Wind Energy (Rajasthan One) Private Limited) within the Restricted Group. Further all associates shall unconditionally and irrevocably guarantee their respective Issuers. Netafim Agricultural Financing Agency LT Bk Fac
CARE A-
3682.6 Reaffirmed Pvt. Ltd. New Manasa Mata Foods
LT Bk Fac
CARE B+
71.6
Assigned Ocean Healthcare Pvt Ltd
LT Bk Fac
CARE B
131
Revised from
CARE BB ISSUER NOT COOPERATING Omkar Cotton Industries
LT Bk Fac
-
-
Withdrawn Ongc Petro-Additions Ltd
Compulsory -
CARE AAA @
4920
Assigned
Convertible
Debenture issue @ The above rating(s) is based on the credit enhancement in the form of irrevocable & unconditional undertaking from Oil and Gas Corporation Ltd for (a) fun P.K. Thakur And Company Pvt Ltd
LT Bk Fac
CARE B+
30.1
- Issuer not cooperating Pannalal Mahesh Chandra Jewellers
LT/ST Bk Fac
CARE BB /CARE 173.5 Revised from
A4
CARE BB- Paramount Impex Pvt Ltd
LT Bk Fac
CARE B+
17.6
- ISSUER NOT COOPERATING Pate Future Constructions Llp
LT Bk Fac
CARE D
450
Revised from
CARE BB Patel Knr Heavy Infrastructure Ltd
LT Bk Fac -
CARE AA
1124.3 Revised from
External
CARE AAA
Commercial Borrowing (ECB) Patel Knr Heavy Infrastructure Ltd
LT Instruments - CARE AA
3442
Revised from
NCD (NCD
CARE AAA Patel Knr Infrastructure Ltd
NCD
CARE AA+
2752.8 Revised from
CARE AAA* *The rating assigned to the NCDs of PKIL were put under credit watch with developing implications on account of the proposed sale of the entire equity stake Platinum Trust January 2014 -
Series A PTC
CARE AAA
-
Reaffirmed Cholamandalam (NS:CHLA) Investment And Finance Company Ltd Pnp Maritime Services Pvt Ltd
LT Bk Fac ^
CARE AA
1293.5 Reaffirmed ^backed by an unconditional and irrevocable guarantee from Shapoorji Pallonji and Company Private Limited (SPCPL, rated 'CARE AA+ Stable/ CARE A1+') for maintaining revolving Debt service reserve account (DSRA) for an amount payable towards scheduled one quarter interest and one quarter principal for immediately succeeding quarter during the tenure of the facility Pnp Maritime Services Pvt Ltd
LT Bk Fac
CARE BBB+
727.3 Reaffirmed Polakulath Narayanan Renai Medicity LT Bk Fac
CARE BBB-
130.6 Reaffirmed Prabhat Elastomers Pvt Ltd
LT/ST Bk Fac
CARE BB /CARE 230
Reaffirmed
A4 Issuer not cooperating Priyanka Communications (India) Pvt LT Bk Fac (FB)
CARE BBB
1200
- Limite ISSUER NOT COOPERATING Protech Feed Pvt Ltd
LT Bk Fac
CARE B
109.5 Revised from
CARE BB- ISSUER NOT COOPERATING Protima Alu Company
LT Bk Fac
CARE B+
60
Assigned Pruthvi Aditya Infratech Pvt Ltd
LT Bk Fac
-
-
Withdrawn R. G. Buildwell Engineers Ltd
LT Bk Fac
CARE BBB
380
Reaffirmed R. G. Buildwell Engineers Ltd
LT/ST Bk Fac
CARE BBB/A3+ 1570
Revised from
CARE BBB /
CARE A3 R. K. Marble Pvt Ltd
LT Bk Fac
CARE A+
1550
Reaffirmed R. K. Marble Pvt Ltd
LT / ST Bk Fac
CARE A+/A1+
1210
Reaffirmed R.B.S Candiaparcar Engineers And
LT Bk Facility
CARE BB+
160
Reaffirmed Contractors Radhe Enterprise
LT Bk Fac
-
-
Withdrawn Rallifan Ltd
LT Bk Fac
CARE B+
60
Revised from
CARE BB- Ranjan Fabrics Pvt Ltd
LT Bk Fac
CARE BB
100
Reaffirmed Ras Bearings Pvt Ltd
LT Bk Fac#
CARE BBB
104.7 Reaffirmed # backed by credit enhancement in the form of letter of comfort extended by TBL (rated: CARE BBB+; Positive/CARE A2) for ensuring debt servicing Ras Bearings Pvt Ltd
LT Bk Fac#
CARE BBB-
41.6
Reaffirmed # backed by credit enhancement in the form of letter of comfort extended by TBL (rated: CARE BBB+; Positive/CARE A2) for ensuring debt servicing Ras Bearings Pvt Ltd
Long/ST Bk Fac # CARE BBB/A3+ 2.5
Reaffirmed # backed by credit enhancement in the form of letter of comfort extended by TBL (rated: CARE BBB+; Positive/CARE A2) for ensuring debt servicing Recorn Foods Pvt Ltd
LT Bk Fac
CARE B+
220
Assigned Renew Wind Energy (Rajasthan One) Pvt LT Instrument -
Prov.CARE A+ 5740
Reaffirmed Ltd
NCD (Issuance I) @ @ backed by credit enhancement in the form of: a. Proposed Unconditional and irrevocable promoter guarantee by Renew Power Ventures Private Limited (RPVPL, rated CARE A+; Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of the NCDs and structured payment mechanism. b. Proposed Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers (Narmada Wind Energy Private Limited and Renew Wind Energy (Rajasthan One) Private Limited) within the Restricted Group. Further all associates shall unconditionally and irrevocably guarantee their respective Issuers Ring Plus Aqua Ltd
LT Bk Fac - TL
-
-
Withdrawn* *Term loans have been entirely repaid by the company and hence rating has been withdrawn Ring Plus Aqua Ltd
LT Bk Fac - Fund CARE A+
920.3 Reaffirmed
based Rmg Developers Pvt Ltd
LT instruments-
CARE BB
500
Reaffirmed
NonConvertible
Debentures Rrb Energy Ltd
LT Bk Fac -Fund
CARE D
950
Revised from
based
CARE C Rrb Energy Ltd
LT/ ST Bk Fac -
CARE D/CARE D 400
Revised from
Non-fund based
CARE C / CARE
A4 S S Group Pvt Ltd
LT Bk Facility
CARE BB+
270
Reaffirmed S. M Musthafa
LT Bk Fac
CARE B
220
- ISSUER NOT COOPERATING S. N. Rice Mills
LT Bk Facility
CARE BB
135
Reaffirmed Sai Balaji Constructions
LT Bk Facility
CARE B+
40
Assigned Sajjala Woven Sacks Pvt Ltd
LT Bk Facility
CARE D
71.7
Revised from
CARE C Removed from Non-Cooperation Saktthi Footwear
LT Bk Fac/ST Bk FacCARE BB-/A4
90
- ISSUER NOT COOPERATING Samhi Hotels (Ahmedabad) Pvt Ltd
LT Bk Fac
CARE BBB-
2792.4 Reaffirmed Sand Dune Constructions Pvt Ltd
LT Bk Fac
CARE BB-
250
- Issuer not cooperating Sanghi Brothers (Indore) Pvt Ltd
LT Bk Fac
CARE BB+
820
Reaffirmed Sankhya Financial Services Pvt Ltd
Subordinated Debt CARE A-
800
Assigned Sansar Trust December 2016 V - ShriramSeries A PTC
CARE AA
-
Reaffirmed Transport Finance Co. Ltd Sansar Trust March 2016 Ii - Shriram Series A PTC
CARE AA
-
Reaffirmed Transport Finance Co. Ltd Satya Sai Exims
LT Bk Fac
CARE BB-
60.3
- ISSUER NOT COOPERATING Satyamev Eminence
LT Bk Fac
CARE BB
150
Assigned Scofiled Sbl Ifmr Capital 2017 - VisagSeries A2 PTC
CARE BB+
-
Reaffirmed Holdings & Finance Pvt Limite Scofiled Sbl Ifmr Capital 2017 - VisagSeries A1 PTC
CARE BBB+
-
Reaffirmed Holdings & Finance Pvt Limite Shaarc Projects Ltd
LT Bk Facility
CARE BB+
10
- ISSUER NOT COOPERATING Shaarc Projects Ltd
LT/ST Bk Fac
CARE BB+/A4+ 25
- ISSUER NOT COOPERATING Shiv Real Ispat Pvt Ltd
LT Bk Fac
CARE BB+
60
Revised from
CARE BB Shree Pandurang Sahakari Sakhar
LT Bk Fac
CARE BB
2684.8 - Karkhana Ltd Issuer not cooperating Shri Ganga Four Wheels Pvt Ltd
LT BkFac
CARE B-
105
Assigned Shri Gurugorakhnath Rice Mills
LT Bk Fac
CARE B+
200
Reaffirmed Shri Krishnashray (India) Pvt Ltd
LT Bk Facility
CARE D
128
Revised from
CARE B+ ISSUER NOT COOPERATING Shrijee Lifestyle Pvt Ltd
LT - Fund based
CARE BBB+
297.8 Reaffirmed
(TL) Shrijee Lifestyle Pvt Ltd
LT - FB Fac
CARE BBB+
150
Reaffirmed Shriram City Union Finance
Series A2 PTC
CARE AA-
6.4
Reaffirmed Shriram City Union Finance
Series A1 PTC
CARE AAA
120.5 Reaffirmed Shriram Transport (NS:SRTR) Finance Co. Ltd
Series A PTC
CARE AA
-
Reaffirmed Shrishaila Electricals India Pvt Ltd LT Bk Facility
CARE B+
30
Revised from
CARE B (Enhanced from 1.50 Crore) Smbt Sevabhavi Trust
LT Bk Fac
CARE B
1404.6 Revised from
CARE BB ISSUER NOT COOPERATING Sobhagia Clothing Company
LT BkFac
CARE BBB-
298.2 Reaffirmed (reduced from Rs. 30 cr. Crore) Sohn Steel Pvt Ltd
LT Bk Facility
CARE BB-
140
Assigned Sohn Steel Pvt Ltd
LT/ST Bk Fac
CARE BB-/A4
70
Assigned Sri Venkata Vamsi Krishna Traders
LT Bk Fac
-
-
Withdrawn Stt Global Data Centres India Pvt Ltd LT Bk Fac
CARE AA
16000 Reaffirmed Stt Global Data Centres India Pvt Ltd Proposed LT Bk Fac CARE AA
30000 Reaffirmed Sudarshan Beopar Co. Ltd
LT Bk Fac
CARE BB+
160
Assigned Sunrise Electromelt Ltd
LT Bk Fac
CARE BB
250
Reaffirmed Surani Paper Pvt Ltd
LT Bk Fac
CARE B
36.2
- Issuer not cooperating Surani Paper Pvt Ltd
LT/ ST Bk Fac
CARE B /CARE A472.5
- Issuer not cooperating Sushee Ivrcl Arunachalhighways Ltd
LT Bk Fac
CARE BB
2340
Revised from
CARE BBB- Sushee Ivrcl Arunachalhighways Ltd
LT/ST Bk Fac
CARE BB/A4
743
Revised from
CARE BBB-/A3 Sushma Buildtech Ltd
LT Bk Fac
CARE BB+
1125.7 - ISSUER NOT COOPERATING Talwar Mobiles Pvt Ltd
LT Bk Fac
CARE BB
250
Revised from
CARE BB Taquito Lease Operators Pvt. Ltd.
LT Bk Fac@
CARE A-
2747.4 Reaffirmed @ The above rating is based on credit enhancement in the form of Tripartite agreement between Future Retail Ltd. (FRL, rated CARE AA-; table/ CARE A1+), Taquito Lease Operators Pvt. Ltd. (TLO) and TLO's lender wherein FRL has given an unconditional undertaking that it shall continue to make payment of monthly lease rentals to TLO until the term loan of TLO is repaid in full irrespective of usage of the assets leased by TLO to FRL. The rating also factors in the personal guarantee provided by Mr. Kishore Biyani and Mr. Vijay Biyani. Technovinyl Polymers India Ltd
LT Bk Fac
CARE BBB+
140
Reaffirmed Texspin Bearings Ltd
LT Bk Fac
CARE BBB+
1380.6 Reaffirmed Three M Paper Manufacturing Company LT Bk FacTL
CARE BB+
135
Reaffirmed Ltd Three M Paper Manufacturing Company LT Bk FacFund basedCARE BB+
220
Reaffirmed Ltd Three M Paper Manufacturing Company Proposed LT Bk
CARE BB+
25
Reaffirmed Ltd
Fac-Fund based Tractors India Pvt Ltd
LT Bk Fac
CARE A-
4480
Revised from
CARE A- Tractors India Pvt Ltd
Long/ST Bk Fac
CARE A-/A2
5000
Revised from
CARE A-/A2 Um Green Lighting Pvt Ltd
LT Bk Fac
CARE D
160
Revised from
CARE BB Um Green Lighting Pvt Ltd
LT/ Short Tem Bk CARE D/D
105
Revised from
Facility
CARE BB/A4 Umang Realtech Pvt Ltd
LT Bk Fac^
CARE BB+
1000
Revised from
CARE BBB- ^The above rating is based on the credit enhancement in the form of unconditional and irrevocable corporate guarantee from Uppal Housing Private Limited (UHPL) rated CARE A4+; ISSUER NOT COOPERATING. Union Roller Flour Mills Pvt Ltd
LT Bk Fac
CARE BB
119.3 Assigned Unique Green Energy Technologies Pvt LLT Bk Fac
-
-
Withdrawn United Petro Finance Ltd
LT Bk Facility
CARE BBB
2500
Reaffirmed U-Phase Infraprojects Pvt Ltd
LT Bk Fac
CARE A-
609.9* Revised from
CARE BBB+
* The above ratings are based on the credit enhancement in the form of Tripartite agreement between Future Retail Ltd. (FRL), U-Phase Infraprojects Pvt Ltd Us Technology International Pvt Ltd LT Bk Fac
CARE BBB+
220
Reaffirmed Us Technology Resources Pvt Ltd
LT Bk Fac
CARE BBB+
400
Reaffirmed Ust Global Information Technology ParkLT Bk Fac
CARE BBB+
1300@ Reaffirmed Pvt Ltd @backed by unconditional and irrevocable corporate guarantee provided by US Technology International Private Limited (USTIPL; rated CARE BBB+; Stable / CARE A3+) Ust Global Technology Services (India)LT Bk Fac
CARE BBB+
350
Reaffirmed Pvt Ltd Venus Pipes And Tubes Pvt Ltd
LT Bk Fac
CARE BB-
153.1 Revised from
CARE B+ Vippy Spinpro Ltd
LT Bk Fac
CARE BBB+
3.2
Reaffirmed Vippy Spinpro Ltd
LT/ ST Bk Fac
CARE BBB+/A2 190
Reaffirmed Vrundavan Ginning Industries
LT Bk Fac
CARE BB-
60.8
Assigned Whitefields Apparel
Long -term Bk Fac CARE B
92
Revised from
CARE BB ISSUER NOT COOPERATING Yogendra International
LT Bk Fac
CARE BB-
26.4
Assigned York Transport Equipment (India) Pvt LT Bk Fac
CARE BBB+
700
- Placed on credit watch with developing implications -------------------------------------------------------------------------------------------- $: 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.