Dec 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 27, 2016. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- Ala Chemicals Pvt Ltd
ST Bk Fac - Non-FB CARE A3 (SO) 300
Reaffirmed
- LC/BG* *The above ratings are based on the credit enhancement in the form of unconditional and irrevocable Corporate Guarantee extended by Lalitha Chem Industries Pvt Ltd to the lenders of ALA Chemicals Pvt Ltd for payment of the obligations on the bank facilities. Harsha Liners Pvt Ltd
ST Bk Fac
CARE A3+ (SO) 5
Assigned Honour Lab Ltd
ST Bk Fac
CARE A3+
1450
Reaffirmed Kasuya Gpp Auto Products Pvt Ltd
ST Bk Fac
CARE A3
30
Reaffirmed Kesar Terminals And Infrastructure LtdST Bk Fac -
CARE A4 (SO) 90
Revised from
Non-fundbased
CARE A3 (SO)
Limits* *Backed by unconditional and irrevocable corporate guarantee of Kesar Terminals and Infrastructure Limited (KTIL) Kusalava Batteries Pvt Ltd
ST Bk Fac@
CARE A3+ (SO) 5
Assigned @backed by the unconditional and irrevocable corporate guarantee extended by Kusalava International Limited (rated CARE BBB; Positive/CARE A3+ ) Kusalava International Ltd
ST Bk Fac
CARE A3+
90
Reaffirmed enhanced from 8.50 CR Lalitha Chem Industries Pvt Ltd
ST Bk Fac - Non-FB CARE A3
652.5 Reaffirmed
- LC/BG Om Logistics Ltd
ST Bk Fac
CARE A1+
60
Reaffirmed enhanced from 3.75 CR Om Logistics Ltd
CP
CARE A1+
200
Reaffirmed Perfect Ply Industries Pvt Ltd
ST Bk Fac
CARE A4
10
Assigned Ruchi Infrastructure Ltd.
ST Bk Fac
CARE D
1600
Revised from
CARE A2 Subray Catal Chem Pvt Ltd
ST Bk Fac - Non-FB CARE A3 (SO) 302.5 Assigned
- LC/BG* *The above ratings are based on the credit enhancement in the form of unconditional and irrevocable Corporate Guarantee extended by Lalitha Chem Industries Pvt Ltd to the lenders of Subray Catal Chem Pvt Ltd for payment of the obligations on the bank facilities. Subray Catal Chem Pvt Ltd
ST Bk Fac-
CARE A3 (SO) 0.5
Assigned
NFB-Proposed** ** The above rating is based on the credit enhancement in the form of the proposed unconditional and irrevocable Corporate Guarantee to be extended by Lalitha Chem Industries Pvt Ltd to the lenders of Subray Catal Chem Pvt Ltd for payment of the obligations on the bank facilities. Zenith Metaplast Pvt Ltd
ST Bk Fac
CARE A4
180
Reaffirmed LONG TERM RATINGS: ------------------- Acecons Mining And Logistics Pvt Ltd Bk Fac
-
-
Suspended Akshata Mercantile Pvt Ltd
Bk Fac
-
-
Suspended Ala Chemicals Pvt Ltd
LT Bk Fac - FB -CC*CARE BBB- (SO) 100
Reaffirmed *The above ratings are based on the credit enhancement in the form of unconditional and irrevocable Corporate Guarantee extended by Lalitha Chem Industries Pvt Ltd to the lenders of ALA Chemicals Pvt Ltd for payment of the obligations on the bank facilities. Alpine Expo Tex Pvt Ltd
Long -term Bk Fac CARE BB-
186.5 Assigned Ambala Coach Builders
Bk Fac
-
-
Suspended Amsat Industries Pvt Ltd
Bk Fac
-
-
Suspended Anand Ispat Udyog Ltd
Bk Fac
-
-
Suspended Anand Metallics & Power Pvt Ltd
Bk Fac
-
-
Suspended Autobahn Automotive Pvt Ltd
Bk Fac
-
-
Suspended Autobahn Enterprises Pvt Ltd
Bk Fac
-
-
Suspended Aziz Memorial Charitable Trust
Bk Fac
-
-
Suspended Bdh Enterprises (India)
Bk Fac
-
-
Suspended Captain Ramesh Rice Mills Pvt Ltd
Bk Fac
-
-
Suspended Champalal Motilal Steel Company Pvt LtBk Fac
-
-
Suspended Copper Strips Pvt Ltd
Bk Fac
-
-
Withdrawn Coreline Exports
Bk Fac
-
-
Suspended Delhi Sanskar Bharti Shiksha Samiti Bk Fac
-
-
Suspended Elin Electronics Ltd
Bk Fac
-
-
Suspended Eskay Elevator (India) Pvt. Ltd.
Bk Fac
-
-
Suspended Ganga Sheel Charitable Trust
Bk Fac
-
-
Suspended Gdr Home Style Pvt Ltd
Bk Fac
-
-
Suspended Girnar Hosiery Works
Bk Fac
-
-
Suspended Harsha Liners Pvt Ltd
LT Bk Fac
CARE BBB (SO) 64.5
Assigned reduced from 10 CR Honour Lab Ltd
Long -term Bk Fac CARE BBB+
4218.9 Reaffirmed Reduced from Rs.438.14 crore Imperial Fabrics Pvt Ltd
Bk Fac
-
-
Suspended Indian Cane Power Ltd
Bk Fac
-
-
Suspended J D Sons Steels Pvt Ltd
Bk Fac
-
-
Suspended Jay Builders
Bk Fac
-
-
Suspended Jps Life Sciences Pvt Ltd
Bk Fac
-
-
Suspended K. C. Automart Pvt Ltd
Bk Fac
-
-
Suspended Kasuya Gpp Auto Products Pvt Ltd
LT Bk Fac
CARE BBB-
45
Reaffirmed Kesar Terminals And Infrastructure LtdLT Bk Fac - TL*
CARE BB+ (SO) 991.1 Revised from
CARE BBB- (SO) *Backed by unconditional and irrevocable corporate guarantee of Kesar Terminals and Infrastructure Limited (KTIL) Krish Ispat Company Ltd
Bk Fac
-
-
Suspended Krishna Tissues Pvt. Ltd
Bk Fac
-
-
Suspended Kusalava Batteries Pvt Ltd
LT Bk Fac@
CARE BBB (SO) 80
Assigned @backed by the unconditional and irrevocable corporate guarantee extended by Kusalava International Limited (rated CARE BBB; Positive/CARE A3+) Kusalava International Ltd
LT Bk Fac
CARE BBB
425
Reaffirmed enhanced from 38.76 CR Lakra Industries Ltd
Bk Fac
-
-
Suspended Lalitha Chem Industries Pvt Ltd
LT Bk Fac - FB -CC CARE BBB-
230
Reaffirmed Lucky Engineering Company
Bk Fac
-
-
Suspended Madhya Pradesh Cupro Metals Pvt Ltd Bk Fac
-
-
Withdrawn Narayana Agro Oils Priavte Ltd
Long -term Bk Fac CARE BB-
205.6 Revised from
CARE B+ Netra Mercantile Pvt Ltd
Bk Fac
-
-
Suspended Nikka Mal Pyare Lal Jain
Bk Fac
-
-
Suspended Om Logistics Ltd
LT Bk Fac
CARE AA-
1955
Reaffirmed enhanced from 185.50 CR Parivartan Buildtech Pvt Ltd
LT Bk Fac
CARE BB+
100
Assigned Parivartan Buildtech Pvt Ltd
Bk Fac
CARE BB+ /A4+ 250
Assigned Perfect Ply Industries Pvt Ltd
LT Bk Fac
CARE B+
73.8
Assigned Pheonix Impex Pvt Ltd
Bk Fac
-
-
Suspended Poscho Steel Pvt Ltd
Bk Fac
-
-
Suspended Prakash Woollen Mills Ltd
Bk Fac
-
-
Suspended R. Kantilal And Company
Bk Fac
-
-
Suspended Ruchi Infrastructure Ltd
Bk Fac
-
-
Withdrawn Sahakar Maharshi Shankarrao Mohite
Long -term Bk Fac CARE B+
350
Revised from Patil Ssk Ltd
CARE B- Saikrupa Cotgin Pvt Ltd
LT Bk Fac
CARE BB-
305
Assigned Saikrupa Fibers Pvt Ltd
LT Bk Fac
CARE B
171.2 Assigned Sipping Spirits Pvt Ltd
Bk Fac
-
-
Withdrawn Sita Maa Rice Mill
Bk Fac
-
-
Suspended Smt. Tarawanti Educational Trust
Bk Fac
-
-
Suspended Spiro Lifecare Pvt Ltd
Bk Fac
-
-
Withdrawn Subray Catal Chem Pvt Ltd
LT Bk Fac - FB -CC*CARE BBB- (SO) 87
Assigned *The above ratings are based on the credit enhancement in the form of unconditional and irrevocable Corporate Guarantee extended by Lalitha Chem Industries Pvt Ltd to the lenders of Subray Catal Chem Pvt Ltd for payment of the obligations on the bank facilities. Sunshine Educational And Development Bk Fac
-
-
Suspended Society Swapna Projects Pvt Ltd
Bk Fac
-
-
Suspended Talwalkars Better Value Fitness Ltd LT NCDs -III
CARE AA
250
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - IV
CARE AA
250
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - V
CARE AA
250
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - VI
CARE AA
250
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - VII
CARE AA
250
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - VIII
CARE AA
200
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - IX
CARE AA
300
Reaffirmed Talwalkars Better Value Fitness Ltd LT NCDs - X
CARE AA
500
Reaffirmed
(proposed) Topworth Tollways (Ujjain) Pvt Ltd
Bk Fac
-
-
Suspended United Chloro Paraffins Pvt Ltd.
Bk Fac
-
-
Suspended Wonder Industries Pvt. Ltd.
LT Bk Fac
CARE BB-
92
Revised from
CARE BB reduced from Rs.10.37 crore Zenith Metaplast Pvt Ltd
LT Bk Fac
CARE BB-
455.5 Revised from
CARE BB Reduced from Rs.51.31 crore -------------------------------------------------------------------------------------------- $: 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.