CARE ratings for Indian debt instruments-Jan 1

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CARE ratings for Indian debt instruments-Jan 1
Credit: © Reuters.

Jan 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 31, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) -------

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Accent Microcell Pvt Ltd

ST Bk Fac

CARE A3

Reaffirmed (enhanced from 10.50 Crore) Achiever Apparels Pvt Ltd

ST Bk Fac

CARE A4+

Assigned Alfa Ica (India) Ltd

ST Bk Fac

CARE A3

Reaffirmed Allanasons Pvt Ltd

ST Bk Fac

CARE A1+

22000 Reaffirmed Annadata Rice Mill

ST Bk Fac

CARE D

5.4 Revised from CARE A4+ ; (reduced from 0.66 Crore) Captain Polyplast Ltd

ST Bk Fac

CARE A4+

715 Revised from CARE A3 ; (enhanced from Rs.46.50 Crore) Deepak (NS: DPFE ) Vegpro Pvt Ltd

ST Bk Fac

CARE A3

Reaffirmed Eswar Rubber Products Pvt Ltd

ST Bk Fac

CARE A4

Reaffirmed Freewill Sports Pvt Ltd

ST Bk Fac

CARE A2+

Reaffirmed Ganesh Grains Ltd

ST Bk Fac

CARE A3

- Issuer not Cooperating; Revised from CARE A2 ; Based on best available information Gangadhar Jena

ST Bk Fac

CARE A4

150 Revised from CARE A4+ Greenway Clothings India Pvt Ltd

ST Bk Fac

CARE A4;

113.7 Issuer not Cooperating; Based on best available information Havells India (NS: HVEL ) Ltd

Corporate

CARE CGR 2+

Reaffirmed

Governance Rating Lkp Infra Projects

ST Bk Fac

CARE A4

39.5 Reaffirmed and removed from non-co-operation; (reduced from 2.50 crs) M.S. Jewellers

ST Fac

CARE A4;

- Issuer not Cooperating; Based on best available information Maithon Power Ltd

CP Issue

CARE A1+

Assigned Mohindra Coaches (India) Pvt Ltd

ST Bk Fac

CARE A4

60 Reaffirmed and removed from Issuer Non Cooperation Orient Craft Ltd

ST Bk Fac

CARE A4+

7000 Revised from CARE A3+; Pack Print Industries (India) Pvt Ltd ST Bk Fac

CARE A4+

45 Revised from CARE A4 Pallishree Ltd

Long/ST Bk Fac

CARE A3+

4 Revised from CARE A2 Satyeshwar Himghar Pvt Ltd

ST Bk Fac

CARE D

1.8 Revised from CARE A4 Sainsons Paper Industries Pvt Ltd

ST Bk Fac-NonFund CARE A3+

Reaffirmed

Based Seth Industrial Corporation

ST Bk Fac

CARE A3

Reaffirmed (enhanced from 10.00 Crore) Shoppers Stop Ltd (NS: SHOP )

CP Issue

Withdrawn Spl Industries Ltd

Short- term Bk Fac -

Withdrawn

(BG) Suven Life Sciences Ltd

ST Bk Fac - Fund -

Based Reaffirmed at CARE A1 (Credit watch with Developing Implications) and Withdrawn Suven Life Sciences Ltd

ST Bk Fac - Non

Fund based Reaffirmed at CARE A1 (Credit watch with Developing Implications) and Withdrawn The State Trading Corporation Of IndiaST Bk Fac

CARE D

40000 - Ltd Issuer not Cooperating; Based on best available information Usha Breco Ltd

ST Bk Fac

CARE A2+

Reaffirmed (enhanced from 1.00 Crore) Vijay Solvex Ltd

ST Bk Fac

CARE A3

Reaffirmed (enhanced from Rs.73 Crore) Vrp Telematics Pvt Ltd

ST Bk Fac

CARE A3

Reaffirmed Western Carriers (India) Ltd

ST Bk Fac

CARE A3+

Reaffirmed LONG TERM RATINGS: ------------------- Accent Microcell Pvt Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable (reduced from 10.76 Crore) Accent Microcell Pvt Ltd

LT/ short term Bk CARE BBB-;

Reaffirmed

Stable /CARE A3 (enhanced from 11.25 Crore) Accord Udyog Pvt Ltd

LT Bk Fac

CARE B; Stable 80

Reaffirmed Alfa Ica (India) Ltd

LT Bk Fac/ ST Bk CARE BBB;

Reaffirmed

Stable /CARE A3 Annadata Rice Mill

LT Bk Fac

CARE D

92.2 Revised from CARE BB+; Stable; (reduced from 10.36 Crore) B. K. Roy Pvt Ltd

LT Bk Fac

CARE BBB+;

Stable Revised from CARE A-; Stable Balaji Speciality Chemicals Pvt Ltd LT Bk Fac

CARE AA- (CE); 1189.4 Reaffirmed

Stable (reduced from 125.00 Crore) Balaji Speciality Chemicals Pvt Ltd LT/ST Bk Fac

CARE AA- (CE); 500

Reaffirmed

Stable/CARE

A1+ (CE) Biff And Bright Welfare Society

LT Bk Fac

CARE BB+;

131.2

Stable Revised from CARE BBB-; Stable on the basis of best available information Birbhum Chemicals And Fertilisers Ltd LT Bk Fac

CARE BBB+;

Stable Revised from CARE A-; Stable Bisui Poultry Pvt Ltd

LT Bk Fac

CARE D

77 Revised CARE B+; Stable; Issuer not Cooperating ; (reduced from 8.75 Crore) Brindavan Bottlers Pvt Ltd

LT Bk Fac (Fund

CARE BB+

based) Revised from CARE BBB; Issuer not Cooperating; Based on best available information Brindavan Bottlers Pvt Ltd

LT Bk Fac (TL)

CARE BB+

614.5 Revised from CARE BBB; Issuer not Cooperating; Based on best available information Captain Polyplast Ltd

LT Bk Fac

CARE BB+;

Stable Revised from CARE BBB-; Negative Cosmopolitan Hospitals Pvt Ltd

LT Bk Fac

Withdrawn Deepak Vegpro Pvt Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable Deepak Vegpro Pvt Ltd

LT/ST Bk Fac

CARE BBB-;

Reaffirmed

Stable/CARE A3 (enhanced from Rs.55 Crore) Eswar Rubber Products Pvt Ltd

LT Bk Fac

CARE BB;

Stable Revised from CARE BB-; Stable Freewill Sports Pvt Ltd

LT Bk Fac

CARE A; Stable 352.1 Reaffirmed (reduced from 36.48 Crore) Ganesh Foods

LT Bk Fac

CARE B; Stable 160

- Issuer not Cooperating; Based on best available information Ganesh Grains Ltd

LT Bk Fac

CARE BBB-;

861.8 -

Stable Issuer not Cooperating; Revised from CARE BBB+; Stable on the basis of best available information Gangadhar Jena

LT Bk Fac

CARE BB+;

Reaffirmed

Stable Generic Engineering Construction And LT Bk Fac

CARE BBB;

Reaffirmed Projects Ltd

Stable Generic Engineering Construction And LT/ST Bk Fac

CARE BBB;

Reaffirmed Projects Ltd

Stable/CARE A3+ Gopal Shivhare

LT Bk Fac

CARE D

50 “Issuer not Cooperating; Based on best available information” Gopal Shivhare

LT /ST Bk Fac

CARE D/CARE D 30 “Issuer not Cooperating; Based on best available information” Greenway Clothings India Pvt Ltd

Long -term Bk Fac CARE BB- Stable36.3

- Issuer not Cooperating; Revised from CARE BB; Stable Based on best available information Indip Industrial Parks (Vizag) Pvt LtdLT Bk Fac

CARE BBB-;

423.6 (Formerly Mn Industrial Parks Pvt Ltd)

Stable Revised from CARE BB+; Stable ; (Enhanced from 36.50 Crore) Jagat Agro

LT Bk Fac

Withdrawn Kamla Shivhare

LT Bk Fac

CARE D

47 “Issuer not Cooperating; Based on best available information” Kamla Shivhare

LT /ST Bk Fac

CARE D/CARE D 30 “Issuer not Cooperating; Based on best available information” Laxminarayan Shivhare

LT Bk Fac

CARE D

70 “Issuer not Cooperating; Based on best available information” Laxminarayan Shivhare

LT /ST Bk Fac

CARE D/CARE D 30 “Issuer not Cooperating; Based on best available information” Lkp Infra Projects

LT Bk Fac-

Proposed Over

Draft# Withdrawn; #As confirmed by the management, the firm has not availed proposed overdraft facility with any bank or financial institution. Lkp Infra Projects

LT Bk Fac

CARE B; Stable 41.4 Reaffirmed and removed from non-co-operation; (reduced from 5.59 crs) Louroux Bio Energies Pvt Ltd

LT Bk Fac

CARE BBB+;

1745.6 Reaffirmed

Stable (reduced from 190.65 Crore) M.S. Jewellers

Long -term Bk Fac CARE B+; Stable45

- Issuer not Cooperating; Revised from CARE BB- ; Stable on the basis of best available information Maithon Power Ltd

LT Bk Fac- TL

CARE AA;

8601.7 Reaffirmed

Stable (reduced from 1050.00 Crore) Maithon Power Ltd

NCDs (NCDs)

CARE AA;

Reaffirmed

Stable Mohindra Coaches (India) Pvt Ltd

LT Bk Fac

CARE B+;

Stable Reaffirmed and removed from Issuer Non Cooperation Mrt Signals Ltd

LT Bk Fac

CARE A-;

Reaffirmed

Stable (enhanced from 14 Crore) Mrt Signals Ltd

Long/ST Bk Fac

CARE A-;

Reaffirmed

Stable/CARE A2 (enhanced from 78 Crore) Orient Craft Ltd

LT Bk Fac

CARE BB+;

3678.6

Stable Revised from CARE BBB; Stable Pack Print Industries (India) Pvt Ltd LT Bk Fac

CARE BB+;

194.4

Stable Revised from CARE BB; Stable Pallishree Ltd

LT Bk Fac

CARE BBB+;

759.2

Stable Revised from CARE A-; Stable ; (reduced from Rs.76.66 Crore) Reliance Diamond Tools

LT Bk Fac

CARE BB-;

Assigned

Stable Rupa Dyeing And Printing Pvt Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable (reduced from 1.59 Crore) Rupa Dyeing And Printing Pvt Ltd

LT/ ST Bk Fac

CARE BBB-;

Reaffirmed

Stable/CARE A3 Sadbhav Udaipur Highway Pvt Ltd

LT Bk Fac

CARE BBB+;

Stable Revised from CARE A-; Stable Sainsons Paper Industries Pvt Ltd

LT Bk Fac-TL

CARE BBB+;

339.2 Reaffirmed

Stable (enhanced from Rs.27.15 crores Crore) Sainsons Paper Industries Pvt Ltd

LT Bk Fac-Fund

CARE BBB+;

Reaffirmed

Based

Stable (enhanced from Rs.22.00 crores Crore) Sanjiv Prakashan

LT Bk Fac

CARE BBB-;

141.7 Reaffirmed

Stable Satyeshwar Himghar Pvt Ltd

LT Bk Fac

CARE D

114.2 Revised from CARE B; Stable; (Reduced from 12.19 Crore) Seth Industrial Corporation

LT Bk Fac

CARE BBB-;

504.2

Negative Reaffirmed; Outlook revised from Stable to Negative Sharda Educational Trust

LT Bk Fac (TL)

- Reaffirmed at CARE BBB-; Stable and Withdrawn Sharda Educational Trust

Long- term Bk Fac -

(BG) Sharda Educational Trust

Short- term Bk Fac -

(Bk Overdraft) Reaffirmed at CARE A3 and Withdrawn Siderforgerossi India Pvt Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable (enhanced from 17.00 Crore) Skipper Ltd

LT Bk Fac

CARE BBB+;

5739.1

Stable Revised from CARE A; Negative Skipper Ltd

LT/ST Bk Fac

CARE BBB+;

13920

Stable/CARE A2 Revised from CARE A; Negative/CARE A1 Spl Industries Ltd

LT Bk Fac (TL)

Withdrawn Spl Industries Ltd

Short- term Bk Fac -

Withdrawn

(EPC/PSC) Suven Life Sciences Ltd

LT Bk Fac - TL

Withdrawn Suven Life Sciences Ltd

LT Bk Fac – Fund -

based Reaffirmed at CARE A (Credit watch with developing implications) and Withdrawn The Gold Fort

LT Bk Fac

CARE BB-;

Stable Reaffirmed and revoked from Issuer not Cooperating The State Trading Corporation Of IndiaLT Bk Fac

CARE D

20000 - Ltd Issuer not Cooperating; Based on best available information Usha Breco Ltd

LT Bk Fac

CARE A; Stable 1189.1 Reaffirmed (reduced from 127.18 Crore) Veritas Finance Pvt Ltd

LT Bk Fac

CARE BBB+;

Reaffirmed

Stable [enhanced from 400 CRS] Vijay Solvex Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable (enhanced from Rs.27 Crore) Vinodsai Agricold Storage Llp

LT Bk Fac

CARE B+;

106.7 Reaffirmed

Stable (Reduced from 11.50 Crore) Vrp Telematics Pvt Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable Western Carriers (India) Ltd

LT Bk Fac

CARE BBB+;

Reaffirmed

Stable Yogakshemam Loans Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable (enhanced from 15.00 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.

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