Sep 7 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of September 6, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
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------- --------- SHORT TERM RATINGS: ------------------- Ahimsa Industries Ltd
ST Bk Fac
CARE A4+
50
Reaffirmed Bansal Spinning Mills Ltd
ST Bk Fac
CARE A4+
650
Revised from
CARE A3 (Issuer not cooperating) Clrk Extractions And Exports Pvt Ltd ST Bk Fac
CARE A4
30
Issuer not
cooperating;
Based on
best available
information Hariom Pipe Industries Ltd (Erstwhile ST Bk Fac
CARE A4+
45
Reaffirmed Hariom Concast & Steels Pvt Ltd) Jindal Hotels Ltd
ST Bk Fac
CARE A3
80
Assigned Kanhaiyalal Kalyanmal
ST Bk Fac
CARE A3
78
Assigned Karnavati Polyester Pvt Ltd
ST Bk Fac
CARE A3
0.5
Rating
revised CARE
A4+ Kic Metaliks Ltd
ST Bk Fac
CARE A3+
320
Revised from
CARE A3 Maharaja Cotspin Ltd
ST Bk Fac
CARE A4+
156
Revised from
CARE A4 Om Construction Co.
ST Bk Fac
CARE A4
60
Assigned Rolex Processors Pvt Ltd
ST Bk Fac
-
-
Withdrawn Kisan Mouldings Ltd
ST Bk Fac
CARE D
912.5 Revised from
CARE A4 Minda Kyoraku Ltd
ST Bk Fac- Nonfund CARE A-
15
Assigned
based Pankaj C. Patel
ST Bk Fac
CARE A4
10
Assigned Pasupati Acrylon Ltd
ST Bk Fac
CARE A2
2799.6 Reaffirmed Saffron Specialty Papers Pvt Ltd
ST Bk Fac
CARE A4
35
- (Issuer not cooperating)
Based on
best available
information Shri Siddhi Vinayak Trust
ST Bk Fac
CARE A4
3.4
Reaffirmed Sigachi Industries Pvt Ltd
ST Bk Fac
CARE A3
27.5
Reaffirmed Suraksha Realty Ltd
ST NCD issue -1
CARE A1+(SO) 2000* Reaffirmed *backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor). Suraksha Realty Ltd
ST NCD issue – 2 CARE A1+(SO) 1000* Reaffirmed *backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor). Suraksha Realty Ltd
ST NCD issue – 3 CARE A1+(SO) 1900* Final Rating
Assigned *backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor). Suraksha Realty Ltd
CP – 1**
CARE A1+(SO) 5000
- ** based on the credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor). The guarantee is provided on joint and several basis along with Khyati Realtors Private Limited (KRPL; wholly owned subsidiary of LIFPL) Suraksha Realty Ltd
CP – 2 %
CARE A1+(SO) 6500
- % based on the credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor). Suraksha Realty Ltd
Proposed ST NCD
Provisional
100** Reaffirmed
CARE A1+(SO) **to be backed by credit enhancement in the form of unconditional and irrevocable corporate guarantee by Lakshdeep Investments and Finance Private Limited (LIFPL, guarantor).The rating is provisional (to the extent of Rs 10 crore) and is subject to the necessary documents being executed and the final rating would be assigned on submission and verification of executed documents to the satisfaction of CARE. Swastik Copper Pvt Ltd
ST Bk Fac
CARE A4
400
- (Issuer not cooperating) Based on best available information Torneto Foods International Pvt Ltd ST Bk Fac
CARE A4
2.5
Reaffirmed Victory Ceratech Pvt Ltd
ST Bk Fac
CARE A3
40
Revised from
CARE A4+ Virat Spinners Pvt Ltd
ST Bk Fac
CARE A4
20
Reaffirmed LONG TERM RATINGS: ------------------- Ahimsa Industries Ltd
LT Bk Fac
CARE BB+
17.4
Reaffirmed Ahimsa Industries Ltd
LT/ST Bk Fac
CARE BB+/CARE 70
Reaffirmed
A4+ Arora Construction Company Pvt Ltd
LT Bk Fac
CARE BB
50
Revised from
CARE BB+ Arora Construction Company Pvt Ltd
LT/ST Bk Fac
CARE BB /CARE 150
Revised from
A4
CARE BB+ /
CARE A4+ Balaji Cotton Agros
Long -term Bk Fac CARE B+
140
Assigned Bansal Spinning Mills Ltd
LT Bk Fac
CARE BB+
1099.2 Revised from
CARE BBB- (Issuer not cooperating) Blue Craft Business Ventures Llp
LT Bk Fac
CARE BBB
550
Assigned Clrk Extractions And Exports Pvt Ltd LT Bk Fac
CARE BB-
350
Issuer not
cooperating;
Based on
best available
information Datta Krupa Roller Flour Mill Pvt. LtdLT Bk Fac
CARE BB+
250
Revised from
CARE BBB- Dharwad Metallics Pvt Ltd
Long -term Bk Fac CARE D
63
- (Issuer not cooperating), based on best available information E-City Projects Lucknow Pvt Ltd
LT Bk Fac
-
-
Withdrawn Ekam Agro Pvt Ltd
LT Bk Fac
CARE BB-
139.8 - (Issuer not cooperating); Based on best available information Ganpat Rai Shri Ram And Company
LT Bk Fac
CARE B+
120
Assigned Golden Triangle Fort And Palace Pvt Ltd LT Bk Fac
-
-
Withdrawn Greentech Mega Food Park Ltd
LT Bk Fac
CARE BB
300
Reaffirmed Happy Home Corporation
LT Bk Fac
CARE BB+
3852
Revised from
CARE BBB- (Issuer not cooperating); Hariom Pipe Industries Ltd (Erstwhile LT Bk Fac
CARE BB+
191.5 Reaffirmed Hariom Concast & Steels Pvt Ltd) Harita Seating Systems Ltd
LT Bk Fac
CARE A
278
Revised from
CARE A- Harita Seating Systems Ltd
Long/ ST Bk Fac
CARE A /CARE A150
Revised from
CARE A-/ CARE
A2+ Il&Fs Energy Development Co. Ltd
LT Fac
CARE BB-
11378.5 Revised from
CARE A+ Il&Fs Energy Development Co. Ltd
NCDs
CARE BB-
5000
Revised from
CARE A+ India Mega Agro Anaj Ltd
LT Bk Fac
CARE BB+
250
Revised from
CARE BBB Jindal Hotels Ltd
LT Bk Fac
CARE BBB-
70
Assigned Jindal Industries
LT Bk Fac
CARE B+
148
Assigned Kanhaiyalal Kalyanmal
LT/ST Bk Fac
CARE BBB-/CARE 30
Assigned
A3 Karnavati Polyester Pvt Ltd
LT Bk Fac
CARE BBB-
47.7
Rating
revised from
CARE BB+ Kic Metaliks Ltd
LT Bk Fac
CARE BBB
570
Revised from
CARE BBB- Kisan Mouldings Ltd
LT Bk Fac
CARE D
2087.5 Revised from
CARE B+ Krishna Reddy Rural Godowns
LT Bk Fac
CARE B+
63
Assigned Madhav Cotton Pvt Ltd
LT Bk Fac (TL)
-
-
Withdrawn Madhav Cotton Pvt Ltd
LT Bk Fac (CC)
CARE B+
-
Reaffirmed Madhuri P. Rural Godowns
LT Bk Fac
CARE B+
100
Assigned Maharaja Cotspin Ltd
LT Bk Fac
CARE BB+
287.4 Revised from
CARE BB Minda Kyoraku Ltd
LT Bk Fac-TL
CARE A-
410.5 Assigned Minda Kyoraku Ltd
LT Bk Fac-CC
CARE A-
135
Assigned Nvr Mahasolar Pvt Ltd
LT Bk Fac
CARE A-
2369.2 Revised from
CARE BBB Om Construction Co.
LT Bk Fac
CARE BB-
20
Assigned P Padma Rural Godowns
LT Bk Fac
CARE B+
1000
Assigned Pankaj C. Patel
LT Bk Fac
CARE B-
42
Assigned Pasupati Acrylon Ltd
LT Bk Fac
CARE BBB+
113.6 Reaffirmed R.S. Ispat
LT Bk Fac
CARE B+
65
Assigned Ravindra Rice And General Mills
LT Bk Fac
CARE B+;
165
- (Issuer not cooperating) Rolex Processors Pvt Ltd
Long -term Bk Fac CARE B+
451.7 Revoked from
CARE B+ Saffron Specialty Papers Pvt Ltd
LT Bk Fac/ ST Bk CARE B+/CARE 45
Revised from
Fac
A4;
CARE BB- (Issuer not cooperating); Samhi Hotels Pvt Ltd.
LT Bk Fac- TL
CARE BBB+
2855.6 Assigned Samhi Hotels Pvt Ltd.
LT Bk Fac- CC
CARE BBB+
300
Assigned Samhi Hotels Pvt Ltd.
Non FB – LT/ST-
CARE BBB+/CARE 92
Assigned
LC/BG
A2 Shri Siddhi Vinayak Trust
LT Bk Fac
CARE BB
45.5
Revised from
CARE BB- Siddhi Vinayak Importers
LT Bk Fac
CARE B+
60
Assigned Sigachi Industries Pvt Ltd
LT Bk Fac
CARE BBB-
289.5 Reaffirmed Sri Venkateswara Aerospace Pvt Ltd
LT Bk Fac
CARE BB
6
Revised from
CARE BB- Sri Venkateswara Aerospace Pvt Ltd
LT / ST Bk Fac
CARE BB/CARE A4180.4 Revised from
CARE BB-/
CARE A4 Sri Venkateswara Mechanical And
LT Bk Fac
CARE BB-
23.4
Reaffirmed Electrical Engineering Industries Sri Venkateswara Mechanical And
LT/ ST Bk Fac
CARE BB-;/CARE 106.6 Reaffirmed Electrical Engineering Industries
A4 Swastik Copper Pvt Ltd
LT Bk Fac
CARE B+
200
- (Issuer not cooperating) Based on best available information Swathi Sunsoure Power Pvt Ltd
Long -term Bk Fac CARE B+
140
- (Issuer not cooperating) Swathi Sunsoure Power Pvt Ltd
Long –term/ST Bk CARE B+ /CARE 60
-
Fac
A4; (Issuer not cooperating) Torneto Foods International Pvt Ltd LT Bk Fac
CARE B+
36.1
Reaffirmed Torneto Foods International Pvt Ltd LT/ ST Bk Fac
CARE B+/CARE A430
Reaffirmed United Carbon
LT Bk Fac
CARE BB-
70
Assigned Uttranchal Ispat Pvt Ltd
LT Bk Fac
CARE B+
110
Revised from
CARE BB+; (Issuer not cooperating) Victory Ceratech Pvt Ltd
LT Bk Fac
CARE BBB-
39
Revised from
CARE BB+ Victory Ceratech Pvt Ltd
LT/ST Bk Fac
CARE BBB-/CARE 30
Revised from
A3
CARE BB+/CARE
A4+ Virat Spinners Pvt Ltd
LT Bk Fac
CARE BB
68.3
Reaffirmed Virat Spinners Pvt Ltd
LT/ST Bk Fac
CARE BB/CARE A465
Reaffirmed Visage Holdings And Finance Pvt Ltd LT Bk Fac
CARE BBB
2390
Reaffirmed Vishwakarma Auto Parts Pvt Ltd
LT Bk Fac
CARE B+
106.3 Reaffirmed Wipro (NS:WIPR) Enterprises (P) Ltd
Issuer Rating
CARE AAA (Is) -
Assigned -------------------------------------------------------------------------------------------- $: 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.