CARE ratings for Indian debt instruments-Dec 8

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CARE ratings for Indian debt instruments-Dec 8
Credit: © Reuters.

Dec 8 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 7, 2017. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Ananthalakshmi Agro Foods

ST Bk Fac

-

-

Withdrawn Anutex Shopping Mall Llp

ST Bk Fac

CARE A4

40

Assigned Bagzone Lifestyle Pvt Ltd.

ST fund based Bk CARE A3

50

Reaffirmed

Fac C.R.I. Pumps Pvt Ltd

ST Bk Fac

CARE A1+

500

Assigned Dish Tv India Ltd

ST Bk Fac

CARE A1+

900

Reaffirmed (reduced from 132.00crs) Fabrimax Engineering Pvt Ltd

ST Bk Fac

CARE A4+

100

Reaffirmed Icici Prudential (LON: PRU ) Mutual Fund

ST Bk Fac

CARE A1+

65000 Reaffirmed Icici Prudential Mutual Fund

Overdraft facility CARE A1+

20000 Reaffirmed Jambuwala Capital Services Pvt Ltd

ST Bk Fac

CARE A4

230

Reaffirmed Kuantum Papers Ltd

ST Bk Fac

CARE A2

532.5 Reaffirmed Lahoty Buildcon Ltd

ST Bk Fac

CARE A4+

115

Revised from

CARE A4 L&T Finance Ltd (Erstwhile Family

CP Issue (IPO

-

-

Withdrawn Credit Ltd)

Financing) L&T Housing Finance Ltd

CP (for IPO

-

-

Withdrawn

financing) L&T Infrastructure Finance Co. Ltd

CP (for IPO

-

-

Withdrawn

financing) Panacea Biotec Ltd

ST Bk Fac

CARE D

619.7 Revised from

CARE A4 R.N. Gupta & Co. Ltd

ST Bk Fac

CARE A3

336

Assigned Rmbay

ST Bk Fac

CARE A4

65

Reaffirmed (enhanced from 6.00crs) Rubamin Ltd

ST Bk Fac

CARE A1

559.7 Revised from

CARE A2+ Surendra Infrastructure Pvt Ltd

ST Bk Fac

CARE A4+

187.5 Reaffirmed Symbiotec Pharmalab Pvt Ltd

ST Bk Fac

CARE A1

1312.8 Revised from

CARE A2+ (enhanced from 128.28crs)

MEDIUM TERM RATINGS: ------------------- Kuantum Papers Ltd

LT/Medium-term

CARE BBB+ (FD) 400

Reaffirmed

Fixed deposits LONG TERM RATINGS: ------------------- Ananthalakshmi Agro Foods

LT Bk Fac

-

-

Withdrawn Anutex Shopping Mall Llp

LT Bk Fac

CARE BB

195

Reaffirmed (Enhanced from Rs.10.51crs) Bagzone Lifestyle Pvt Ltd.

LT fund based Bk CARE BBB-

100

Reaffirmed

Fac C.R.I. Pumps Pvt Ltd

LT Bk Fac

CARE A+

2000

Assigned Dish Infra Services Pvt. Ltd.

NCDs

-

-

Withdrawn Dish Infra Services Pvt. Ltd.

Fund based Bk Fac CARE A+(SO)

400

Reaffirmed

(CC) Dish Infra Services Pvt. Ltd.

Non-Fund based Bk CARE A+(SO)

1540

Reaffirmed

Fac (LC) Dish Infra Services Pvt. Ltd.

NCDs

CARE A+(SO)

1000

Reaffirmed Dish Infra Services Pvt. Ltd.

NCDs

CARE A+(SO)

2000

Reaffirmed Dish Infra Services Pvt. Ltd.

LT/ST

CARE

18335.3 Reaffirmed

Fundbased/Non-fund A+(SO)/CARE

based Bk Fac

A1+(SO) Dredging Corporation (NS: DRDG ) Of India

Tax Free, Secured, CARE A+

588.8 Revised from

Redeemable NCDs

CARE AA- Fabrimax Engineering Pvt Ltd

LT Bk Fac

CARE BB+

92.5

Reaffirmed Fine Components And Tools Pvt Ltd

LT Bk Fac

CARE BBB+

198

Reaffirmed Globus Spirits Ltd.

LT Bk Fac

CARE A-

2713.4 Revised from

CARE A (reduced from 284.4crs) Globus Spirits Ltd.

Long/ ST Bk Fac

CARE A- / A2 100

Revised from

CARE A Gokaldas Intimatewear Pvt Ltd.

LT Bk Fac

CARE BBB+

430

Reaffirmed (enhanced from 35 crore) Hdfc Credila Financial Services Pvt LtPerpetual Debt

CARE AA+

500

Assigned Jaipur National University

LT Bk Fac

CARE BBB-

2759.7 Revised from

CARE BBB Issuer not cooperating Katihar Medical College

LT Bk Fac

CARE BBB+

220.4 Reaffirmed (enhanced from 7.55crs) Kay Vee Gems

LT Bk Fac

CARE BB-

95

Reaffirmed Krishna Export

LT Bk Fac

CARE BB+

85

Reaffirmed Kuantum Papers Ltd

LT Bk Fac

CARE BBB+

2150.8 Reaffirmed Lahoty Buildcon Ltd

LT Bk Fac

CARE BB+

280

Revised from

CARE BB Lahoty Buildcon Ltd

LT Bk Fac/ ST Bk CARE BB+ /CARE 500

Revised from

Fac

A4+

CARE BB/CARE

A4 Man Infraconstruction Ltd (NS: MANI )

LT Bk Fac

CARE A-

325

Revised from

CARE BBB+ Man Infraconstruction Ltd

Long/ST Bk Fac

CARE A- /CARE 1881.8 Revised from

A2+

CARE BBB+

/CARE A2 Man Projects Ltd

Long/ST Bk Fac

CARE A- (SO) 1600

Revised from

/CARE A2+ (SO)

CARE BBB+

(SO)/

CARE A2(SO) Omid Engineering Pvt Ltd

LT Bk Fac

CARE D

140

Revised from

CARE BB- Panacea Biotec Ltd

LT Bk Fac

CARE D

9595.5 Revised from

CARE B+ Premium Harvest Ltd

LT Bk Fac

CARE BB

203

Reaffirmed Prithipal Singh And Company

LT Bk Fac

CARE BB

30

Assigned Prithipal Singh And Company

LT/ ST Fac

CARE BB /CARE 55

Assigned

A4+ R.N. Gupta & Co. Ltd

LT Bk Fac

CARE BBB-

404.2 Assigned Rmbay

LT Bk Fac

CARE BB

90

Reaffirmed Rubamin Ltd

LT Bk Fac

CARE A

2233.7 Revised from

CARE A- (reduced from 225.25crs) Shrachi Burdwan Developers Pvt. Ltd. LT Bk Fac

-

-

Withdrawn Shree Ram Agro India

LT Bk Fac

CARE B+

51.8

Assigned Surendra Infrastructure Pvt Ltd

LT Bk Fac

CARE BB

57

Reaffirmed Symbiotec Pharmalab Pvt Ltd

LT Bk Fac

CARE A

1870

Revised from

CARE A (enhanced from 178.64crs) The Indian Film Combine Pvt Ltd

LT Bk Fac

CARE BBB+

16000 Reaffirmed Zeal Metaliks Pvt Ltd

LT Bk Fac

CARE BB

150

Assigned -------------------------------------------------------------------------------------------- $: 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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