CARE ratings for Indian debt instruments-Jan 9

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CARE ratings for Indian debt instruments-Jan 9

Jan 9 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of January 8, 2020. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Abhijit Realtors & Infraventures Pvt ST Bk Fac

CARE A4

55

Revised from Ltd

CARE A4 (Issuer not cooperating) Ador Welding Ltd

ST BkFac

CARE A1+

790

Reaffirmed Balasore Alloys Ltd

ST Bk Fac

CARE A4

953

Revised from

CARE A4+ Bharat Carriers Ltd

ST Bk Fac

CARE A4+

5

Reaffirmed Centrum Financial Services Ltd

CP Programme

CARE A1+ (CE) 200

Assigned Centrum Financial Services Ltd

CP Programme

CARE A1+ (CE) 550

Reaffirmed Centrum Financial Services Ltd

CP Programme

CARE A1+ (CE) 250

- Rsg Exports Pvt Ltd

ST Bk Fac

CARE A4/

400

- (Issuer not cooperating) Centrum Microcredit Ltd

CP (CP) issue

CARE A3+

100

Reaffirmed (Enhanced from 5.00) Damodar Industries Ltd

ST Bk Fac

CARE A3

185

Revised from

CARE A3 + Emami (NS: EMAM ) Agrotech Ltd

ST BkFac

CARE A2

55403 Reaffirmed Fermenta Biotech Ltd

ST Bk Fac (non-FBL)CARE A2

62.5

Reaffirmed Galaxy Laboratories Pvt Ltd

ST Bk Fac

CARE A3

17.5

Reaffirmed Upper India Steel Manufacturing &

ST Bk Fac

CARE D

199

- Engineering Co. Ltd Issuer not cooperating on the basis of best Hdb Financial Services Ltd

CP

CARE A1+

125000 Reaffirmed Kider India Pvt Ltd

ST Bk Fac

CARE A4

90

Reaffirmed Kuantum Papers Ltd

ST Bk Fac

CARE A2+

944.9 Reaffirmed (enhanced from Rs. 71.55 crore) Manaksia Aluminium Co. Ltd

ST Bk Fac (Non

CARE A3+

1050

Reaffirmed

Fund Based) Shoppers Stop Ltd (NS: SHOP )

ST Bk Fac (Non

CARE AA-/Stable380

Reaffirmed

Fund Based) S. G. Sales Corporation

ST Bk Fac

-

-

Reaffirmed at

CARE A4 and

withdrawn Mohib Shoes Pvt Ltd

ST BkFac

CARE A3+

395

Assigned Ok Enterprise

ST Bk Fac

CARE A4

-

Withdrawn (Issuer not cooperating) Ra Chem Pharma Ltd

ST BkFac@

CARE A1+

588.5 - (Issuer not cooperating),@ backed by the unconditional and irrevocable corporate guarantee provided by Micro Labs Limited (MLL). Radharani Himghar Pvt Ltd

ST Bk Fac

CARE A4

3

Reaffirmed Resin Agency Llp

ST – Working

CARE A1

40

Reaffirmed

Capital Limits Shoppers Stop Ltd

Proposed ST

CARE A1+

500

Reaffirmed

Working Capital

Limits Shree Enterprises

ST Bk Fac

CARE A4

20

- (Issuer not cooperating) Suam Overseas Pvt Ltd

ST Bk Fac

CARE A3+

65

Reaffirmed Uttarayan Foods Pvt Ltd

ST Bk Fac

CARE A4

1.6

- Issuer not cooperating on the basis of best available information Venkateshwara Hatcheries Pvt Ltd

ST BkFac

CARE A1

1419.4 Revised from

CARE A2+ (Reduced from 148.81) Venky'S India Ltd

ST Bk Fac

CARE A1

525

Revised from

CARE A2+ MEDIUM TERM RATINGS: ------------------- Damodar Industries Ltd

Medium Term Fixed CARE BBB-

400

Revised from

Deposit

(FD)/Stable

CARE BBB LONG TERM RATINGS: ------------------- Abheygarh

Long -Term Bk Fac -

-

Withdrawn Abhijit Realtors & Infraventures Pvt LT Bk Fac

CARE B+/Stable 280.3 Revised from Ltd

CARE B+ (Issuer not cooperating) Ador Welding Ltd

LT BkFac

CARE AA-/Stable875

Reaffirmed Akshat Agro Milling Company Pvt Ltd LT Bk Fac (TL)

-

-

Withdrawn Akshat Agro Milling Company Pvt Ltd LT Bk Fac (CC)

-

-

Withdrawn Alfa Trust Dec 2018

Series A PTC

CARE AA- (SO) 32.7

Revised from

CARE A (SO) Annapurna Finance Pvt Ltd

LT BkFac

CARE A-/Stable 4518.3 Reaffirmed (enhanced from 317.34) Avp Powerinfra Pvt Ltd

LT BkFac – TermLoanCARE A- (CE) 1334.9 Revised from

CARE A- Avp Powerinfra Pvt Ltd

LT BkFac –

CARE A- (CE) 149

Revised from

CashCredit

CARE A- B S Buildtech

LT BkFac

CARE B+

450

- (Issuer not cooperating) Badoni Power Pvt Ltd

LT BkFac – TermLoanCARE A- (CE) 1433

Revised from

CARE A- Badoni Power Pvt Ltd

LT BkFac –

CARE A- (CE) 124

Revised from

CashCredit

CARE A- Balasore Alloys Ltd

LT Bk Fac

CARE BB/Stable 900

Revised from

CARE BB+ Belij Hydro Power Pvt Ltd

LT Bk Fac

CARE BB

217.4 - (Issuer not cooperating) Bharat Carriers Ltd

LT Bk Fac

CARE BB+/Stable130.3 Reaffirmed (reduced from 15.92) Bharat Ispat Udyog (Prop. Impression LT Bk Fac

CARE BB+/Stable100

Reaffirmed Securities Pvt Ltd) Bharat Motors Ltd

LT Bk Fac

CARE BB+/Stable105.7 Reaffirmed (reduced from 24.69) Clean Sustainable Solar Energy Pvt. LT Bk Fac- TL&

-

-

Reaffirmed at Ltd

CARE AA- &the rating was based on the credit enhancement in the form of an unconditional and irrevocable corporate guarantee given by Tata Power Renewable Energy Ltd. Clear Water Ltd

LT BkFac

CARE

15

Reaffirmed

BB-/Negative Clear Water Ltd

LT/ShortTerm Bk FacCARE

80

Reaffirmed

BB-/Negative

/A4 Crossword Bookstore Ltd

LT Bk Fac (TL)

CARE AA-

24.7

Reaffirmed

(CE)/Stable Crossword Bookstore Ltd

LT/ST BkFac

CARE AA-

120

Reaffirmed

(CE)/Stable

/A1+ (CE) Crossword Bookstore Ltd

Proposed LT/STBk CARE AA-

85.3

Reaffirmed

Fac

(CE)/Stable

/A1+ (CE) D.Navinchandra Jewels

LT Bk Fac

CARE

200

Reaffirmed

BBB-/Stable Dali & Samir Engineering Pvt Ltd

LT BkFac

CARE

48.9

Reaffirmed

BBB-/Stable Dali & Samir Engineering Pvt Ltd

LT/ST Bk Fac

CARE

245

Reaffirmed

BBB-/Stable/A3 Damodar Industries Ltd

LT Bk Fac

CARE

1505

Revised from

BBB-/Stable

CARE BBB Damodar Industries Ltd

LT/ST Bk Fac

CARE

1560

Revised from

BBB-/Stable/A3

CARE BBB Devarahipparigi Wind Power Pvt Ltd

LT BkFac

CARE A+ (CE) 5925.2 - Placed on credit watch with negative implications ,(reduced from Rs.618.01) Dnj Creations Llp

Long/ST BkFac

CARE

400

Reaffirmed

BBB-/Stable/A3 Emami Agrotech Ltd

LT BkFac

CARE A-/Stable 14012.6 Reaffirmed (enhanced from 588.34) Fermenta Biotech Ltd

LT Bk Fac (FBL)

CARE A-/Stable 1090

Reaffirmed (enhanced from 69.00) Fermenta Biotech Ltd

LT Bk Fac (TL)

CARE A-/Stable 745.6 Reaffirmed (enhanced from 45.52) Galaxy Laboratories Pvt Ltd

LT Bk Fac

CARE

70

Reaffirmed

BBB-/Stable Gangdari Hydro Power Pvt Ltd

LT Bk Fac

CARE A+ (CE) 1050

- Placed on credit watch with negative implications Gayatri Vidya Parishad

LT Bk Fac

CARE BB+/Stable952.4 Revised from

CARE BB- (Enhanced from Rs. 80.00 Crore) Gayatri Vidya Parishad

LT/ST Bk Fac

CARE

95

Revised from

BB+/Stable /A4

CARE BB- Green Infra Wind Solutions Pvt Ltd

LT Bk Fac- TL

CARE BBB-

2373.8 Revised from

CARE BBB (Under credit watch with negative implications),(Reduced from 252.94) Green Infra Wind Solutions Pvt Ltd

Proposed LT Bk

CARE BBB-

200

Revised from

Fac- Fundbased

CARE BBB (Under credit watch with negative implications) Greenko Clean Energy Projects Pvt Ltd NCD issue – 1

CARE A+ (CE) 2010

- Placed on credit watch with negative implications Greenko Clean Energy Projects Pvt Ltd NCD issue – 2

CARE A+ (CE) 990

- Placed on credit watch with negative implications Greenko Energies Pvt Ltd

LT Bk FacLT/ST

CARE A+

47113 -

BkFac Placed on credit watch with negative implicationsPlaced on credit watch with negative implications Greenko Godavari Power Projects Pvt LT Bk Fac

CARE A+ (CE) 150

- Ltd Placed on credit watch with negative implications Greenko Hatkoti Energy Pvt Ltd

LT BkFac

CARE A+ (CE) 1470

- Placed on credit watch with negative implications Greenko Solar Power (Dharmavaram) Ltd LT Bk Fac

CARE A+ (CE) 962.7 - Placed on credit watch with negative implications Greenko Solar Power (Medak) Ltd

NCD issue – Series CARE A+ (CE) 189.3 -

B Placed on credit watch with negative implications Greenko Solar Power (Medak) Ltd

NCD issue – Series CARE A+ (CE)/( 851.9 -

A Placed on credit watch with negative implications Greenko Wind Projects Pvt Ltd

LT Bk Fac

CARE A+ (CE) 250

- Placed on credit watch with negative implications Grow Ever Steel (India) Pvt Ltd

LT BkFac

CARE A+/Stable 35

Reaffirmed Grow Ever Steel (India) Pvt Ltd

Long/ST BkFac

CARE

69.6

Reaffirmed

A+/Stable/A1+ (reduced from 8.23) Hdb Financial Services Ltd

NCDs

CARE AAA/Stable478438 Reaffirmed Hdb Financial Services Ltd

Bk Loan Ratings

CARE AAA/Stable250000 Reaffirmed Hdb Financial Services Ltd

Perpetual Debt

CARE AAA/Stable10000 Reaffirmed Hdb Financial Services Ltd

Subordinate Debt CARE AAA/Stable35000 Reaffirmed Hdb Financial Services Ltd

Market Linked

CARE PP-MLD

30000 Reaffirmed

Debentures

AAA/Stable Helios Infratech Pvt Ltd

LT BkFac

CARE BBB-

1776

Revised from

CARE BBB Hi-Tech Systems & Services Ltd

LT BkFac

CARE A-

784.4 - Continues on credit watch with developing implications Hi-Tech Systems & Services Ltd

LT/ Shortterm Bk CARE A-/A2+

475

-

Fac Continues on credit watch with developing implications Iifl Home Finance Ltd

NCDs (NCD)

CARE AA/Stable 4000

Reaffirmed India Infoline Finance Ltd

PS

CARE AA

500

Reaffirmed

(RPS)/Stable India Infoline Finance Ltd

NCDs (NCD)

CARE AA/Stable 16300 Reaffirmed India Infoline Finance Ltd

LT Bk Fac

CARE AA/Stable 20000 Reaffirmed India Infoline Finance Ltd

Subordinated Debt CARE AA/Stable 2000

Reaffirmed India Nets

LT – TL

CARE A+/Stable 173.8 Reaffirmed India Nets

LT/ST – Fund

CARE A+/Stable 300

Reaffirmed

based/NonFBL

/A1 Jamnagar Utilities & Power Pvt Ltd

NCDs

CARE AAA/Stable55750 Reaffirmed (reduced from 5,875) Jsw Energy Ltd

Proposed NCDs

-

-

Withdrawn Kalyan Vaijinathrao Kale

LT Bk Fac

CARE D

37.3

Revised from

CARE B+ Kider India Pvt Ltd

LT Bk Fac

CARE BB/Stable 197.7 Reaffirmed Kider India Pvt Ltd

LT/ STBk Fac

CARE

100

Reaffirmed

BB/Stable/A4 Kuantum Papers Ltd

LT/Medium-term FD CARE A-

450

Reaffirmed Kuantum Papers Ltd

LT Bk Fac

CARE

6346.9 Reaffirmed

A-/Negative (enhanced from Rs. 329.04 crore) M. R. Weaving Mills Pvt Ltd

LT Bk Fac

CARE

730.4 Reaffirmed

BB+/Stable (enhanced from 68.04) Mahindra And Mahindra Financial

Secured NCD (NCD) CARE

66965 Reaffirmed Services Ltd

AAA/Stable Mahindra And Mahindra Financial

Unsecured

CARE

10000 Reaffirmed Services Ltd

Non-Convertible

AAA/Stable

Debenture (NCD) Mahindra And Mahindra Financial

Subordinated Debt CARE

10000 Reaffirmed Services Ltd

(Public Issue)

AAA/Stable Mahindra And Mahindra Financial

Subordinated Debt CARE

6000

Reaffirmed Services Ltd

(Privately Placed) AAA/Stable Mahindra And Mahindra Financial

Public Issue of LT CARE

100000 Reaffirmed Services Ltd

Debt

AAA/Stable

Program(Non-ConvertibleDebentures/Subordinated Debt) Mahindra Rural Housing Finance Ltd

Issuer Rating^

CARE AA+

-

Reaffirmed ^The rating is subject to the company maintaining overall gearing not exceeding 10 times. Mahindra Rural Housing Finance Ltd

Subordinated Debt CARE

3000

-

AA+/Stable Mahindra Rural Housing Finance Ltd

NCD

CARE

1750

-

AA+/Stable Manaksia Aluminium Co. Ltd

LT Bk Fac (TL)

CARE BBB,

150

Reaffirmed

Stable Manaksia Aluminium Co. Ltd

LT Bk Fac (Fund

CARE BBB,

450

Reaffirmed

Based)

Stable Mohib Shoes Pvt Ltd

LT BkFac

CARE

4.5

Assigned

BBB/Stable Molagavalli Renewable Pvt Ltd

NCD issue@

CARE A+

3081

Revised from

CARE A+ Under credit watch with developing implications,@ backed by credit enhancement in the form of: a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, 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. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers (Renew Wind Energy (Rajasthan One) Private Limited and Narmada Wind Energy Private Limited) within the Restricted Group.Further all associates have unconditionally and irrevocably guaranteed their respective Issuers. Narmada Wind Energy Pvt Ltd

NCD issue@

CARE A+

5409.6 Revised from

CARE A+ Under credit watch with developing implications,@ backed by credit enhancement in the form of: a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, 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. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers (Renew Wind Energy (Rajasthan One) Private Limited and Molagavalli Renewable Private Limited within the Restricted Group. Further all associates have unconditionally and irrevocably guaranteed their respective Issuers Natsteel Asia Pte Ltd

LT BkFac

CARE AA-

113890 Reaffirmed (reduced from Rs. 13,400.03 crore) Navayuga Engineering Co. Ltd

LT Bk Fac

CARE

27439.4 Revised from

A-/Negative

CARE A (reduced from 2936.57) Navayuga Engineering Co. Ltd

LT/STBk Fac

CARE

67856.3 Revised from

A-/Negative/A2+

CARE A (enhanced from 6593.00) New Era Enviro Ventures (Mahbubnagar) NCD issue – Series CARE A+

327.3 - Pvt Ltd

A Placed on credit watch with negative implications New Era Enviro Ventures (Mahbubnagar) NCD issue – Series CARE A+

149.6 - Pvt Ltd

B Placed on credit watch with negative implications Ok Enterprise

LT Bk Fac

-

-

Reaffirmed at

CARE B+ (Issuer not cooperating) Ostro Anantapur Pvt Ltd

LT BkFac – TermLoanCARE A-

5495.8 Revised from

CARE A- (Credit watch with developing implications) Ostro Anantapur Pvt Ltd

LT BkFac –

CARE A-

436

Revised from

CashCredit

CARE A- (Credit watch with developing implications) Ostro Andhra Wind Pvt Ltd

LT BkFac (TermLoan)CARE BBB-

5659.8 Revised from

CARE BBB (Credit watch with developing implications) Ostro Ap Wind Pvt Ltd

LT BkFac (TermLoan)CARE BBB-

5847.4 Revised from

CARE BBB (Credit watch with developing implications) Ostro Jaisalmer Pvt Ltd

LT BkFac –TermLoan -

-

Revised to

CARE BBB (Issuer not cooperating),(Credit watch with developing implications) Ostro Jaisalmer Pvt Ltd

LT BkFac – TermLoanCARE A-

2698.8 Revised from

CARE A- (Credit watch with developing implications) Ostro Jaisalmer Pvt Ltd

LT BkFac –

CARE A-

-

Revised from

CashCredit

CARE A- (Credit watch with developing implications) Ostro Madhya Wind Pvt Ltd

LT BkFac –TL

-

-

Revised to

CARE BBB+ (Issuer not cooperating),(Credit watch with developing implications) Ostro Madhya Wind Pvt Ltd

LT BkFac – TermLoanCARE A-

4779.8 Revised from

CARE A- (Credit watch with developing implications) Ostro Madhya Wind Pvt Ltd

LT BkFac –

CARE A-

559

Revised from

CashCredit

CARE A- (Credit watch with developing implications) Ostro Urja Wind Pvt Ltd

LT BkFac – TermLoanCARE A-

3645.5 Revised from

CARE A- (Credit watch with developing implications) Ostro Urja Wind Pvt Ltd

LT BkFac –

CARE A-

402

Revised from

CashCredit

CARE A- (Credit watch with developing implications) Pennar Renewables Pvt Ltd

NCD issue – Series CARE A+

897.1 -

A Placed on credit watch with negative implications Pennar Renewables Pvt Ltd

NCD issue – Series CARE A+

355.1 -

B Placed on credit watch with negative implications Polysil Pipes

LT/ST BkFac

CARE

300

Reaffirmed

A+/Stable/A1 Prathamesh Solarfarms Ltd

LT BkFac – TermLoanCARE A-

2711.7 Revised from

CARE A- Credit watch with developing implications Prathamesh Solarfarms Ltd

LT BkFac –

CARE A-

119

Revised from

CashCredit

CARE A- Credit watch with developing implications Premier Photovoltaic (Medak) Pvt Ltd NCD issue – Series CARE A+

1299.7 -

A Placed on credit watch with negative implications Premier Photovoltaic (Medak) Pvt Ltd NCD issue – Series CARE A+

523.6 -

B Placed on credit watch with negative implications Premium Lifestyle And Fashion India PvLT Bk Fac

CARE

622.4 Reaffirmed Ltd

BB+/Positive (enhanced form 43.00) Ra Chem Pharma Ltd

LT BkFac@

CARE A+

1246.3 - (Issuer not cooperating),@ backed by the unconditional and irrevocable corporate guarantee provided by Micro Labs Limited (MLL). Radharani Himghar Pvt Ltd

LT Bk Fac

CARE B+/Stable 76.3

Reaffirmed Renew Vayu Urja Pvt Ltd

LT Instrument– NCD CARE BBB

8040

Revised from

CARE BBB+ Under credit watch with developingImplications Renew Wind Energy (Rajasthan One) Pvt NCD issue@

CARE A+

5519.3 Revised from Ltd

CARE A+ Under credit watch with developing implications,@ backed by credit enhancement in the form of: a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, 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. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other Issuers Molagavalli Renewable Private Limited and Narmada Wind Energy Private Limited) within the Restricted Group. Further all associates have unconditionally and irrevocably guaranteed their respective Issuers Resin Agency Llp

LT – Non-FBL

CARE

260

Reaffirmed

A+/Stable Rsg Exports Pvt Ltd

LT Bk Fac

CARE

319.4 -

BB/Stable (Issuer not cooperating) S. G. Sales Corporation

LT Bk Fac

-

-

Reaffirmed at

CARE BB- Sai Venkat Vishnu Hotels Pvt Ltd

LT Bk Fac

CARE BB/Stable 80.2

Reaffirmed (Reduced from Rs 9.53 crore) Sandla Wind Project Pvt Ltd

LT Bk FacTL

-

-

Withdrawn Sandla Wind Project Pvt Ltd

LT Bk FacWorking CARE BBB

170

Revised from

capital Limits

CARE BBB+ (Under Credit watch with Developing Implications) Sandla Wind Project Pvt Ltd

LT Bk

CARE BBB-

371

Revised from

FacSubordinated Bk

CARE BBB

Loan (Under Credit watch with Developing Implications) Sei Arushi Pvt Ltd

LT Bk Fac

CARE A+

1236.8 - Placed on credit watch with negative implications,(reduced from 127.32) Sei Green Flash Pvt Ltd

LT Bk Fac

CARE A+

1340.5 - Placed on credit watch with negative implications,(reduced from 137.73) Sembcorp Energy India Ltd

LT BkFac

CARE

79435.7 Reaffirmed

AA-/Stable Shoppers Stop Ltd

LT Bk Fac (TL)

CARE AA-/Stable200

Reaffirmed Shoppers Stop Ltd

LT Bk Fac (Fund

CARE AA-/Stable1490

Reaffirmed

Based) Shree Bharat Motors Ltd

LT Bk Fac

CARE

485.9 Reaffirmed

BB+/Stable (reduced from 57.96) Shree Enterprises

LT Bk Fac

CARE BB- Stable50

- (Issuer not cooperating) Shri Sankalp Medical And Research

LT Bk Fac

-

-

Revised from Institute Pvt Ltd

CARE BB- subsequently Withdrawn Skeiron Renewable Energy Amidyala Ltd LT Bk FacSenior

CARE BBB-

10844.6 Revised from

Debt

CARE BBB Skeiron Renewable Energy Amidyala Ltd LT Bk Fac-Sub Debt CARE BBB-

1726.7 Revised from

CARE BBB Skeiron Renewable Energy Amidyala Ltd LT Bk Fac

CARE BBB-

122

Revised from

CARE BBB Sree Lakshmi Gayatri Hospitals Pvt LtdLT Bk Fac

CARE D

1600

Revised from

CARE BB Stamlo Industries Ltd

LT Bk Fac

CARE

40

Revised from

BBB+/Stable

CARE A- Stamlo Industries Ltd

LT Bk Fac/ ST Bk CARE

85

Revised from

Fac

BBB+/Stable/A2+

CARE A- Suam Overseas Pvt Ltd

LT Bk Fac

CARE

295

Reaffirmed

BBB/Stable Suam Overseas Pvt Ltd

LT/ST Bk Fac

CARE

310

Reaffirmed

BBB/Stable/A3+ Sunalco Alloys Pvt Ltd

LT / Shortterm Bk CARE

1350

Reaffirmed

Fac

BBB-/Stable /A3 Tufropes Pvt Ltd

LT/ST – Fund

CARE

500

Reaffirmed

based/NonFBL

AA-/Stable/A1+ Upper India Steel Manufacturing &

LT Bk Fac

CARE D

447

- Engineering Co. Ltd Issuer not cooperating on the basis of best available information available information Uttarayan Foods Pvt Ltd

LT Bk Fac

CARE B/Stable 48.6

- Issuer not cooperating on the basis of best available information Veera Associates

LT BkFac

CARE BB/Stable 70

- Issuer not cooperating on the basis of best available information Veera Associates

LT/STBk Fac

CARE

55

-

BB/Stable/A4 Issuer not cooperating on the basis of best available information Venkateshwara Hatcheries Pvt Ltd

LT BkFac

CARE A/Stable 7180.5 Revised from

CARE A- (Enhanced from 545.27) Venkateshwara Hatcheries Pvt Ltd

LT/Shortterm BkFac CARE

1730.8 Revised from

A/Stable/A1

CARE A- (reduced from 234.61) Venky'S India Ltd

LT Bk Fac

CARE A/Stable 652

Revised from

CARE A- (reduced from 235.35) Venky'S India Ltd

LT/STBk Fac

CARE

2800

Revised from

A/Stable/A1

CARE A- (reduced from 305.00) Vkt Pharma Pvt Ltd

LT Bk Fac

CARE

850.4 Reaffirmed

BBB-/Stable (reduced from 90.00) Waaneep Solar Pvt Ltd

LT BkFac

CARE A-

3083.5 - Revised from credit watch with developing implications ,(reduced from 331.17) -------------------------------------------------------------------------------------------- $: 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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