CARE ratings for Indian debt instruments-Sep 29

Sep 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of September 28, 2015. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Facilities Of Alpha Design TechnologieST Bk Fac (NFB)

CARE A3

40

Assigned Pvt Ltd Gmr Infrastructure Ltd

ST Bk Fac

CARE A3

14100 Revised from

CARE A3+ Milton Industries Ltd

ST Bk Fac

CARE A4

87.5

Reaffirmed Netra Mercantile Pvt Ltd

ST Bk Fac

CARE A4

400

Assigned Sanjayuttam Agro Foods Pvt Ltd

ST Bk Fac

-

-

Reaffirmed Simplex Infrastructures (NSE: SINF ) Ltd

ST Debt (including CARE A1

5000

Revised from

CP)@

CARE A1+ @ carved out of working capital limits Simplex Infrastructures Ltd

ST Debt (including CARE A1

6000

Revised from

CP)*

CARE A1+ *Simplex Infrastructures Ltd. has given an undertaking that cash credit limit will not be utilized to the extent of STD utilization. LONG TERM RATINGS: ------------------- Apar Industries Ltd

LT Bk Fac

CARE A+

6000

Reaffirmed Apar Industries Ltd

LT/ST Bk Fac

CARE A+ /

33750 Reaffirmed

CARE A1+ Bdh Enterprises (India)

LT Bk Fac

CARE B+

150

Assigned Dee Emm Residency

Bk Fac

-

-

Suspended Elecon Epc Projects Ltd

Proposed NCD

CARE A-(SO)

1000

Assigned

(NCD) issue Facilities Of Alpha Design TechnologieLT Bk Fac (FB)

CARE BBB-

510

Reaffirmed Pvt Ltd (reduced from 56 CR) Facilities Of Alpha Design TechnologieLT Bk Fac (NFB)

CARE BBB-

500

Reaffirmed Pvt Ltd (enhanced from 44 CR) Gmr Infrastructure Ltd

NCD

-

Withdrawn Gmr Infrastructure Ltd

LT Bk Fac-Term

CARE BBB-

14452.2 Revised from

Loan-I

CARE BBB Gmr Infrastructure Ltd

LT Bk Fac- Term

CARE D

5000

Revised from

Loan-II

CARE BBB Gmr Infrastructure Ltd

NCD

CARE D

8675

Revised from

CARE BBB Imperial Fabrics Pvt Ltd

LT Bk Fac

CARE B+

72.5

Assigned Krrish Realtynirman Pvt Ltd

LT Bk Fac

CARE BB-

900

Reaffirmed L. M. Cotex Pvt Ltd

LT Bk Fac

CARE B+

127.4 Revised from

CARE B Milton Industries Ltd

LT Bk Fac

CARE BB

46.3

Reaffirmed Milton Industries Ltd

LT/ST Bk Fac

CARE BB /

100

Reaffirmed

CARE A4 Mohak Carpets Pvt. Ltd

Bk Fac

-

-

Suspended Narain Printers And Binders

Bk Fac

-

-

Suspended P.M.P. Textiles Spinning Mills Ltd

LT Bk Fac

CARE BB-

79

Assigned P.M.P. Textiles Spinning Mills Ltd

LT/ST Bk Fac

CARE BB- /

65

Assigned

CARE A4 Sanjayuttam Agro Foods Pvt Ltd

LT Bk Fac

CARE B+

169.7 Reaffirmed (enhanced from Rs. 12.20 crore) Shri Ramdev Cotspin

LT Bk Fac- TL

-

-

Withdrawn Shri Ramdev Cotspin

LT Bk Fac- CC

CARE BB-

145

Reaffirmed Simplex Infrastructures Ltd

LT Bk Fac

CARE A

24000 Revised from

CARE A+ Simplex Infrastructures Ltd

NCDs - Series I

CARE A

2000

Revised from

CARE A+ Simplex Infrastructures Ltd

NCDs - Series II CARE A

2000

Revised from

CARE A+ Simplex Infrastructures Ltd

NCDs - Series I

CARE A

1500

Revised from

CARE A+ Simplex Infrastructures Ltd

LT/ST Bk Fac

CARE A /CARE A187000 Revised from

CARE A+ /

CARE A1+ -------------------------------------------------------------------------------------------- $: 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.