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CARE ratings for Indian debt instruments-Jan 3

Stock MarketsJan 03, 2018 14:30
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© Reuters. CARE ratings for Indian debt instruments-Jan 3

Jan 3 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of January 2, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Agroh Rewa Ring Road Pvt Ltd

ST Bk Fac

CARE A3+ (SO) 9

Reaffirmed Agroking Pesticides Pvt Ltd

ST Bk Fac

CARE A4

15

- ISSUER NOT COOPERATING Akshar Chem India Ltd

ST Bk Fac

CARE A1+

60

Reaffirmed Ampsolar Solution Pvt Ltd

ST Bk Fac - LOC

CARE A1+(SO) 250

Assigned Ampsolar Solution Pvt Ltd

ST Bk Fac - LOC

CARE A1+(SO) 840

Assigned Ampsolar Solution Pvt Ltd

ST Bk Fac -

CARE A1+(SO) 10

Assigned

Overdraft Ampsolar Solution Pvt Ltd

ST Bk Fac -

Provisional

40

Provisional

Forward Contract CARE A1+(SO) Bhaskar Steel & Ferro Alloy Pvt Ltd ST Bk Fac

CARE A3 (SO) 100

Reaffirmed Big Bags Bangalore Pvt Ltd

ST Bk Fac

CARE A4+

165

Reaffirmed Bluepark Seafoods Pvt Ltd

ST Bk Fac

CARE A4+

100

Assigned Chandra Electronic Appliances Pvt Ltd ST Bk Fac

CARE A4

4

Reaffirmed Cmk Projects Pvt Ltd

ST Bk Fac

CARE A4+

100

Reaffirmed Conffi Sanitaryware Pvt Ltd

ST Bk Fac

CARE A4+

10.8

Revised from

CARE A4 Das Processors

ST Bk Fac

CARE A4

70

Reaffirmed Embio Ltd

ST Non Fund

CARE A2+

15.3

Reaffirmed

BasedBk Fac Embio Ltd

ST Non Fund

CARE A2+

92

Reaffirmed

BasedBk Fac* *Sub-limit of long-term fund-based facilities Fullerton India Credit Co. Ltd

CP

CARE A1+

10000 Reaffirmed G Ramamoorthi Constructions India Pvt ST Bk Fac

CARE A4

40

Reaffirmed Ltd Gaurav Aircon Computers Pvt Ltd

ST Bk Fac

CARE A4

2

Reaffirmed Gemscab Industries Ltd

ST Bk Fac

CARE A3

825

Reaffirmed Jsw Dharamtar Port Pvt Ltd.

ST Bk Fac (Non

CARE A1+

50

Upgraded from

Fund Based - LC/BG)

CARE A1 Jsw Infrastructure Ltd.

ST Bk Fac

CARE A1+

800

Upgraded from

CARE A1 Jsw Jaigarh Port Ltd.

ST Bk Fac - NFB

CARE A1+

650

Upgraded from

(LC/BG)

CARE A1 Kufri Fun Campus Pvt Ltd

ST Bk Fac

CARE A4

30

Assigned Madhya Bharat Power Corporation Ltd ST Non-Fund Based CARE A4

100

Revised from

Bk Fac

CARE A4 to

CARE D and

again to

CARE A4 Maharaja Paper Industries Pvt Ltd

ST Bk Fac

CARE A4

30

Reaffirmed Medikon India

ST Bk Fac

-

-

Withdrawn Micro Therapeutic Research Labs Pvt Ltd ST Bk Fac

CARE A4

1.5

Revised from

CARE D Mother Dairy Fruit & Vegetable Pvt LtdST Bk Fac

CARE A1+

200

Reaffirmed Mother Dairy Fruit & Vegetable Pvt LtdCP

CARE A1+

6000

Reaffirmed *carved out of the sanctioned working capital limits of the company Neeraj Paper Marketing Ltd

ST Bk Fac

CARE A4+

200

- ISSUER NOT COOPERATING Qrg Central Hospital And Research

ST Bk Fac

CARE A2+

100

Reaffirmed Centre Ltd Refracast Metallurgical Pvt Ltd

ST Bk Fac

CARE A4

20

Reaffirmed Reliance Infrastructure Ltd (NS:RLIN)

ST Bk Fac

CARE A2+

15000 Revised from

CARE A2+ Renew Power Ventures Pvt Ltd

ST Bk Fac

CARE A1+

4000

Reaffirmed Sona Wires Pvt Ltd

ST Bk Fac

CARE A4

2.7

Reaffirmed South West Port Ltd.

ST Bk Fac

CARE A1+

1550

Reaffirmed

(Non-fund Based) Srmb Srijan Pvt Ltd

ST Bk Fac

CARE A3

890

Reaffirmed (reduced from 108.00 ) Surya Wires Pvt Ltd

ST Bk Fac

CARE A4

186

Reaffirmed Tata Housing Development (NS:HDIL) Co. Ltd

CP Issue

CARE A1+

10000 Reaffirmed Tata Value Homes Ltd

CP Issue

CARE A1+

2000

Reaffirmed Udipta Energy And Equipment Pvt Ltd ST Bk Fac

CARE A4

130

Assigned Virdev Intermediates Pvt Ltd

ST Bk Fac

CARE A4+

40

Revised from

CARE A4 LONG TERM RATINGS: ------------------- Abhishek Propbuild Pvt Ltd

LT BkFac

CARE BBB-(SO)] 1425.6 Reaffirmed Agroh Rewa Ring Road Pvt Ltd

LT Bk Fac

CARE BBB (SO) 526

Reaffirmed Agroh Rewa Ring Road Pvt Ltd

Longterm/ST Bk Fac CARE BBB (SO) 33.3

Reaffirmed Agroking Pesticides Pvt Ltd

LT Bk Fac

CARE BB-

62.5

- ISSUER NOT COOPERATING Akshar Chem India Ltd

LT Bk Fac

-

0

Withdrawn Akshar Chem India Ltd

Long- Term/STBk FacCARE A+

420

Reaffirmed Apex Realty Pvt Ltd

Long-TL

CARE AA (SO) 500

Reaffirmed Ardent Properties Pvt Ltd

Long-TL

CARE AA

2000

Reaffirmed Bharat Power Inc

LT Bk Fac

-

-

Withdrawn Bhaskar Steel & Ferro Alloy Pvt Ltd LT Bk Fac

CARE BBB-(SO) 684.8 Reaffirmed Big Bags Bangalore Pvt Ltd

LT Bk Fac

CARE BB+

48.7

Reaffirmed Bluepark Seafoods Pvt Ltd

LT Bk Fac

CARE BB+

850

Assigned Camden Industries Ltd

NCDs (NCD)

-

-

Withdrawn Chandra Electronic Appliances Pvt Ltd LT Bk Fac

CARE BB

126.9 Reaffirmed Cmk Projects Pvt Ltd

LT Bk Fac

CARE BB+

200

Revised from

CARE BB Columbus Overseas Llp

LT Bk Fac

CARE BB

140.6 Assigned Conffi Sanitaryware Pvt Ltd

LT Bk Fac

CARE BB+

177.5 Reaffirmed Das Processors

LT Bk Fac

CARE BB-

20

Reaffirmed Dharti Cotton Pvt Ltd

LT Bk Fac

CARE B+

120

Reaffirmed Durga Automotives Pvt Ltd

LT Bk Fac

CARE B

140

Assigned Dushmanta Giri

LT Bk Fac

CARE BB

65

- ISSUER NOT COOPERATING Embio Ltd

LT Bk Fac

CARE A-

415.6 Reaffirmed Fullerton India Credit Co. Ltd

NCDs

CARE AAA

30000 Reaffirmed Fullerton India Credit Co. Ltd

Subordinated Debt CARE AAA

4500

Reaffirmed Fullerton India Credit Co. Ltd

LT Bk Fac

CARE AAA

10000 Reaffirmed G Ramamoorthi Constructions India Pvt LT Bk Fac

CARE BB

50

Reaffirmed Ltd Gaurav Aircon Computers Pvt Ltd

LT Bk Fac

CARE BB

71

Reaffirmed Gehlot Enterprise

LT Bk Fac

CARE B+

90

Assigned Gemscab Industries Ltd

LT Bk Fac

CARE BBB

871.2 Reaffirmed Gvk Emri (Up)

LT BkFac

CARE BBB

100

Reaffirmed Gvk Emri (Up)

Long/ST BkFac

CARE BBB

280

Reaffirmed Gvk Janani Shishu Suraksha Up

LT BkFac

CARE BBB-

147

Revised from

CARE BBB Gvk Janani Shishu Suraksha Up

Long/ST BkFac

CARE BBB-/CARE 290

Revised from

A3

CARE BBB H L Promoters Pvt Ltd

LT Bk Fac

CARE AA-

500

Reaffirmed H. S. Agro

LT Bk Fac TL

-

0

Withdrawn H. S. Agro

Non-FB - LT-BGs

-

0

Withdrawn Hari Bhoomi Communications Pvt Ltd

LT Bk Fac

CARE BBB

127.4 Reaffirmed Il&Fs Infra Asset Management Ltd

IL&FS Mutual Fund CARE AAA

0

Assigned

Infrastructure

(MF-IDF)

Debt Fund - Series 3-A Jsw Dharamtar Port Pvt Ltd.

Long term Bk Fac CARE A+

750

Upgraded from

- Subordinated debt

CARE A Jsw Dharamtar Port Pvt Ltd.

Long term Bk Fac CARE AA-

3300

Upgraded from

- TL

CARE A+ Jsw Dharamtar Port Pvt Ltd.

LT Bk Fac (Non

CARE AA-

300

Upgraded from

Fund Based - BG)

CARE A+ Jsw Infrastructure Ltd.

LT Bk Fac

CARE AA-

850

Upgraded from

CARE A+ Jsw Infrastructure Ltd.

LT NCD

CARE AA-

1960

Upgraded from

CARE A+ Jsw Jaigarh Port Ltd.

Long term Bk Fac CARE AA-

16360 Upgraded from

- TL

CARE A+ Jsw Paradip Terminal Pvt Ltd.

LT Bk Fac(TL)

CARE AA- (SO) 4400.@ Upgraded from

Provisional

CARE A+ (SO) @ backed by unconditional and irrevocable corporate guarantee by JSW Infrastructure Limited (JSWIL) Jsw Paradip Terminal Pvt Ltd.

LT Bk Fac (BG)

CARE AA- (SO) 4400.@ Upgraded from

Provisional

CARE A+ (SO) @ backed by unconditional and irrevocable corporate guarantee by JSW Infrastructure Limited (JSWIL) Kolkata-One Excelton Pvt Ltd

LT Bk Fac

CARE AA-

900

Reaffirmed Kriday Realty Pvt Ltd

LT Bk Fac

CARE AA

900

Reaffirmed Kufri Fun Campus Pvt Ltd

LT Bk Fac

CARE B+

98.9

Assigned Kunal Lohachem Pvt Ltd

LT Bk Fac

CARE B

60

Reaffirmed Madhya Bharat Power Corporation Ltd LT Fund Based Bk CARE BB

7718.8 Revised from

Fac-TL

CARE BB+ to

CARE D and

subsequently

revised to

CARE BB Madhya Bharat Power Corporation Ltd Long/ST Bk Fac

CARE BBB-(SO) 800

Reaffirmed Maharaja Paper Industries Pvt Ltd

LT Bk Fac

CARE B

140.6 Reaffirmed Manisha Textiles Pvt Ltd

LT Bk Fac

CARE BB-

54.1

Assigned Medikon India

LT Bk Fac

-

-

Withdrawn Micro Therapeutic Research Labs Pvt Ltd LT Bk Fac

CARE B

146.2 Revised from

CARE D Mother Dairy Fruit & Vegetable Pvt LtdLT Bk Fac

CARE AAA

13725 Reaffirmed Myntra Jabong India Pvt Ltd

LT/ST Bk Fac

CARE BBB-(SO) 3000

Assigned Neeraj Paper Marketing Ltd

LT Bk Fac

CARE BB+

600

- ISSUER NOT COOPERATING Oceanic Buildcon Pvt Ltd

LT Bk Fac

-

-

Withdrawn Paul & Company

LT Bk Fac

CARE BB-

119.9 - ISSUER NOT COOPERATING Piccadily Hotels Pvt Ltd

LT Bk Fac

-

-

Withdrawn* *CARE has withdrawn the rating assigned to the previous bank facilities of Piccadily hotels Private Limited (PHPL) with immediate effect, as the company has repaid the aforementioned bank facilities in full by availing a new term loan and there is no amount outstanding under the loan as on date. Piccadily Hotels Pvt Ltd

LT Bk Fac

CARE BB

3300

Assigned Plasser India Pvt Ltd

LT/ST BkFac

CARE AA-

500

Reaffirmed Princeton Infrastructure Pvt Ltd

LT Bk Fac

CARE AA-

900

Reaffirmed Promont Hillside Pvt Ltd

NCDs

CARE AA (SO) 4000

Reaffirmed Promont Hilltop Pvt Ltd

LT Bk Fac

CARE AA

1250

Reaffirmed Promptec Renewable Energy Solutions Pvt LT Bk Fac

CARE A-

200

Reaffirmed Ltd Promptec Renewable Energy Solutions Pvt ST Bk Fac

CARE A-

150

Reaffirmed Ltd Qrg Central Hospital And Research

LT Bk Fac

CARE A-

30

Reaffirmed Centre Ltd Refracast Metallurgical Pvt Ltd

LT Bk Fac

CARE BB

70

Reaffirmed Reliable Spaces Pvt Ltd

LT Bk Fac

CARE BB+

1700

Assigned Reliance Infrastructure Ltd

LT Bk Fac

CARE A-

37000 Revised from

CARE A- Reliance Infrastructure Ltd

LT NCD -1

CARE A-

8000

Revised from

CARE A+ Reliance Infrastructure Ltd

LT NCD-2

CARE A-

12000 Revised from

CARE A+ Reliance Infrastructure Ltd

LT NCD-3

CARE A-

3650

Revised from

CARE A+ Renew Clean Energy Pvt Ltd

LT Bk Fac

CARE A+ (SO) 1500

Assigned Renew Power Ventures Pvt Ltd

LT/ST BkFac

CARE A+

16300 Reaffirmed Sai Maatarini Tollways Ltd

LT Bk Fac

CARE D

13973.5 Revised from

CARE BB+ Sector 113 Gatevida Developers Pvt LtdLT Bk Fac

CARE AA-

2000

Reaffirmed Shivalik Engineering Industries Pvt Ltd LT Bk Fac@

CARE BBB- (SO) 480.6 - ISSUER NOT COOPERATING @ Backed by unconditional and irrevocable corporate guarantee of Shivalik Power & Steel Private Limited Shivalik Engineering Industries Pvt Ltd LT Bk Fac#

Provisional

44.1

-

CARE BBB- (SO) ISSUER NOT COOPERATING # Rating is Provisional as the corporate guarantee deed is yet to be executed. Shivalik Power & Steel Pvt Ltd

LT Bk Fac

CARE BBB-

158.9 - ISSUER NOT COOPERATING Slk Software Services Pvt Ltd

LT Bk Fac

-

-

Withdrawn Smart Value Homes (Boisar) Pvt Ltd

LT Bk Fac

CARE AA

500

Reaffirmed Smart Value Homes (Peenya) Pvt Ltd

LT Bk Fac

CARE AA

2000

Reaffirmed Sona Wires Pvt Ltd

LT Bk Fac

CARE B+

35.9

Reaffirmed Srmb Srijan Pvt Ltd

LT Bk Fac

CARE BBB-

2655

Reaffirmed Sterling Addlife India Pvt Ltd

LT Bk Fac

CARE BBB+

993.5 Reaffirmed Sterling Addlife India Pvt Ltd

Long/ST BkFac

CARE BBB+

250

Reaffirmed Surya Wires Pvt Ltd

LT Bk Fac

CARE B+

100

Reaffirmed Surya Wires Pvt Ltd

LT/ ST Bk Fac

CARE B+

40

Reaffirmed Tamilnadu Waste Management Ltd

LT Bk Fac

CARE BBB+(SO) 223.6 Revised from

CARE BBB Tata Housing Development Co. Ltd

LT Bk Fac

CARE AA

9500

Reaffirmed Tata Value Homes Ltd

LT Bk Fac

CARE AA

3500

Reaffirmed Tata Value Homes Ltd

NCDs

CARE AA

4000

Reaffirmed Trichy Tollway Pvt Ltd

LT Bk Fac

CARE AA-

2631.7 Removed from

Credit Watch,

Rating

Reaffirmed Udipta Energy And Equipment Pvt Ltd LT Bk Fac

CARE BB

100

Assigned Vasundhara Diamond Roof Pvt Ltd

LT Bk Fac

CARE BBB

150

Reaffirmed Virdev Intermediates Pvt Ltd

LT Bk Fac

CARE BB

88

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.

CARE ratings for Indian debt instruments-Jan 3
 

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