CARE ratings for Indian debt instruments-Aug 16

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CARE ratings for Indian debt instruments-Aug 16
Credit: © Reuters.

Aug 16 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of August 12, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Adilaxmi Industries

ST Bk Fac

CARE A4

20

Assigned Aries Agro Ltd

ST Bk Fac-

CARE A2

810

Assigned

Nonfund-

based-LC/BG Aym Syntex Ltd

ST Bk Fac

CARE A1

2060

Reaffirmed Aym Syntex Ltd

CP

CARE A1

250

Reaffirmed Dharti Cotspin Pvt Ltd

ST Bk Fac

CARE A4

15

Assigned Manaj Infraconstruction Ltd

ST nonfund based CARE A2 (SO)* 350

Revised from

Bk Fac

CARE A2+ (SO)

* Based on unconditional and irrevocable corporate guarantee extended by Man Infraconstruction (NS: MANI ) Limited (MIL, rated CARE BBB+/CARE A2) Panacea Biotec Ltd

ST Bk Fac

CARE A4

619.7 Reaffirmed Polyspin Exports Ltd

ST Bk Fac

CARE A4+

490

Reaffirmed enhanced from 19 CR Super Spinning Mills Ltd

ST Bk Fac

CARE A4+

484

Reaffirmed The Anup Engineering Ltd

LT Bk Fac

CARE A1+

105

Reaffirmed LONG TERM RATINGS: ------------------- 4S Spintex India Pvt Ltd

LT Bk Fac

CARE B+

210

Assigned Adilaxmi Industries

LT Bk Fac

CARE B+

163.5 Assigned enhanced from Rs.12.79 CR Aries Agro Ltd

LT Bk

CARE BBB+

950

Assigned

Fac-Fundbased- CC Artemis Medicare Services Ltd

LT Bk Fac

CARE A-

233.6 Reaffirmed reduced from 45.02 CR Artemis Medicare Services Ltd

ST Bk Fac

CARE A- /A2

250

Reaffirmed Aym Syntex Ltd

LT Bk Fac

CARE A

1969.3 Reaffirmed enhanced from Rs150.25 cr Aym Syntex Ltd

NCD

CARE A

250

Reaffirmed Creamy Foods Ltd

Bk Fac

--

Suspended Dharti Cotspin Pvt Ltd

LT Bk Fac

CARE BB-

403.8 Assigned Dharti Cotspin Pvt Ltd

Bk Fac

CARE BB- /A4 70

Assigned Equitas Housing Finance Ltd

NCD Issue

CARE A+

5000

Assigned

(Proposed) Goyal Energy & Steel Pvt Ltd

LT Bk Fac

CARE BB+

965

Revised from

CARE BB Lilamani Infra

LT Bk Fac

CARE B+

552.7 Reaffirmed reduced from 60 CR Manaj Tollway Ltd

LT Bk Fac

CARE BBB+ (SO)*1700

Revised from

CARE A- (SO)

* Based on unconditional and irrevocable corporate guarantee extended by Man Infraconstruction Limited (MIL, rated CARE BBB+/CARE A2) Newrise Healthcare Pvt Ltd

LT Bk Fac

CARE D

750

Reaffirmed Om Packaging

LT Bk Fac

CARE B+

60

Assigned Panacea Biotec Ltd

LT Bk Fac

CARE B+

9595.5 Revised from

CARE B- reduced from Rs.1,202.88 crore Parsa Kente Collieries Ltd.

LT Bk Fac

CARE BBB

2500

Assigned Perfect Chemfood Industries

LT Bk Fac

CARE BB

145.4 Reaffirmed reduced from 15 CR Polyspin Exports Ltd

LT Bk Fac

CARE BB+

221.3 Reaffirmed enhanced from 17.87 CR Regaliaa Buildtech & Services Pvt Ltd LT Bk Fac- LRD LoanCARE BB+

1175

Reaffirmed Reduced from 118.70 CR S.K.M. Cold Chain And Logistics

Bk Fac

--

Suspended Smc Foods Ltd

Bk Fac

--

Suspended Super Spinning Mills Ltd

LT Bk Fac

CARE BB+

411.6 Reaffirmed Super Spinning Mills Ltd

Bk Fac

CARE BB+ /A4+ 668.8 Reaffirmed The Anup Engineering Ltd

ST Bk Fac

CARE A+

1200

Reaffirmed enhanced from Rs.90.00 crore Truba Education Society

LT Bk Fac

CARE B

150

Reaffirmed short-term rating stands withdrawn -------------------------------------------------------------------------------------------- $: 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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