Dec 13 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 12, 2017. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- Allied Engineering Works Pvt Ltd
ST Bk Fac
CARE A4
150
Assigned Ambuja Intermediates Pvt Ltd
ST Bk Fac
CARE A2+
190
Reaffirmed Chaudhary Timber Industries Pvt Ltd ST Bk Fac
CARE A3+
1005
Assigned Glochem Industries Pvt Ltd (Formerly ST Bk Fac
CARE A2
125
Revised from Known As Glochem Industries Ltd)
CARE A3 Honest Enterprise Pvt Ltd
ST Bk Fac
-
-
Withdrawn Jagannath Extrusion India Ltd
ST Bk Fac
CARE A4+
50
Revised from
CARE A3 (reduced from 7.50 Crore) K R Pulp & Papers Ltd
ST Bk Fac
CARE A1
275
Revised from
CARE A2+ Krishna Traders
ST Bk Fac
CARE A4
20
Assigned Rocks Forever
ST Bk Fac
CARE A4-
45
ISSUER NOT
COOPERATING Satya Subal Himghar Pvt Ltd
ST Bk Fac
CARE A4
1.7
Assigned Satyeshwar Himghar Pvt Ltd
ST Bk Fac
CARE A4
1.8
Assigned Siddeshwar Multipurpose Heemghar Pvt ST Bk Fac
CARE A4
1.2
Assigned Ltd Writers And Publishers Pvt. Ltd.
ST Bk Fac
CARE A3
400
Reaffirmed (reduced from 120.00 Crore) LONG TERM RATINGS: ------------------- Adani Power (NS:ADAN) (Mundra) Ltd.
NCD issue ^
ProvCARE AA- 4510
Assigned
(SO) ^ backed by credit enhancement in the form of security of first and exclusive pledge of promoters unencumbered shares of Adani (NS:APSE) Ports & SEZ Ltd. (APSEZ) and Adani Transmission Ltd. (ATL) in the ratio of 80: 20, such that the value of these shares is 2 times the value of the outstanding NCDs. Akme Star Housing Finance Ltd.
LT Bk Fac
CARE BB+
300
Assigned Allied Engineering Works Pvt Ltd
LT Bk Fac
CARE BB-
80
Assigned Amber Spintex Pvt Ltd
LT Bk Fac
CARE BB
439.7 Revised from
CARE BB- (reduced from Rs.57.56 crore) Ambuja Intermediates Pvt Ltd
LT Bk Fac
CARE A-
250.5 Reaffirmed (reduced from Rs.27.00 crore ) Ambuja Intermediates Pvt Ltd
LT/ ST Bk Fac
CARE A-/A2+
250
Reaffirmed Capital Power Systems Ltd
LT Bk Fac
CARE BB-
200
Assigned Capital Power Systems Ltd
LT/ ST Bk Fac
CARE BB-/A4
350
Assigned Casca Ifmr Capital 2016
Series A PTCs
-
-
Withdrawn Chaudhary Timber Industries Pvt Ltd LT Bk Fac
CARE BBB
15
Assigned Cosmopolitan Hospitals Pvt Ltd
LT Bk Fac
CARE BBB
35
Reaffirmed (reduced from 5.40 Crore) Ds Max Properties Pvt Ltd
LT Bk Fac
CARE BBB
1000
ISSUER NOT
COOPERATING Emaar Lead Company Pvt Ltd
LT Bk Facility
CARE B
90
Assigned Glochem Industries Pvt Ltd (Formerly LT Bk Fac
CARE BBB+
195
Revised from Known As Glochem Industries Ltd)
CARE BBB- (enhanced from 8.00 Crore) Glochem Industries Pvt Ltd (Formerly LT/ST Bk Fac
CARE BBB+/A2 80
Revised from Known As Glochem Industries Ltd)
CARE
BBB-/CARE A3 Honest Enterprise Pvt Ltd
LT Bk Fac
-
-
Withdrawn Indian Microfinance Loan Receivables Series A PTCs
-
-
Withdrawn Trust January 2016 (Originator: Bharat Financial Inclusion Ltd) IMLRT January 2016 Jagannath Extrusion India Ltd
LT Bk Fac
CARE BB+
68.2
Revised from
CARE BBB- (enhanced from 5.37 Crore) Jagannath Extrusion India Ltd
LT /STBk Fac
CARE BB+/A4+ 7.5
Revised from
CARE
BBB-/CARE A3 (reduced from 1.25 Crore) K R Pulp & Papers Ltd
LT Bk Fac
CARE A-
1095.7 Reaffirmed (reduced from 140.06 Crore) Krishna Traders
LT Bk Fac
CARE B
42
Assigned Krishna Traders
LT Bk Fac/ ST Bk CARE B/A4
29
-
Fac Kumar Agro Products Pvt Ltd
Proposed Non
ProvCARE BB- 800
Assigned
ConvertibleDeb
(SO)
issue @ @ The above rating is based on the strength of the proposed transaction structure which stipulates a structured payment mechanism wherein, the cashflows from the project will be utilized as per the stipulated waterfall mechanism mentioned below. The rating for the proposed NCD is provisional and would be confirmed subject to the adherence of the proposed transaction structure, executed debenture trust deed and NOC from Piramal Enterprises Limited (NS:PIRA). R.S. Sharma Contractors Pvt Ltd
LT Bk Fac
CARE BB-
86
Assigned Rajendra Singh Bhamboo Infra Pvt. Ltd.LT Bk Fac
CARE BBB-
225
Reaffirmed Rajendra Singh Bhamboo Infra Pvt. Ltd.LT/ STBk Fac
CARE BBB-
985
Reaffirmed (enhanced from 67.30 Crore) Rocks Forever
LT Bk Fac
CARE BB-
102.5 ISSUER NOT
COOPERATING Satya Subal Himghar Pvt Ltd
LT Bk Fac
CARE B
109.9 Assigned Satyeshwar Himghar Pvt Ltd
LT Bk Fac
CARE B
130.3 Assigned Shree Cement Ltd
Proposed Non
CARE AAA
5000
Assigned
ConvertibleDeb Siddeshwar Multipurpose Heemghar Pvt LLT Bk Fac
CARE B
84.4
Assigned The Yashoda Mutually Aided Co-OperativLT Bk Fac
CARE B+
62.4
ISSUER NOT Credit Society Ltd
COOPERATING Ultra Denim Pvt Ltd
LT Bk Fac
CARE BBB-
1016.8 Reaffirmed (enhanced from Rs. 27.50 Crore) Ultra Denim Pvt Ltd
LT/ST Bk Fac
CARE BBB-/A3 25
Reaffirmed -------------------------------------------------------------------------------------------- $: 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.