Nov 22 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 21, 2019. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
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------
------- --------- ------------- SHORT TERM RATINGS: ------------------- Abhijit Realtors & Infraventures Pvt LST BkFac
CARE A4
55 (Issuer Not Cooperating) Davinder Exports
ST Bk Fac
CARE A4
Revised from
CARE A4+ (Issuer Not Cooperating) Gati (NS:GATI) Ltd
ST Bk Fac
CARE A4+
Revised from
CARE A3 Jayanita
ST Bk Fac
CARE A4
Reaffirmed Karni Communication Pvt Ltd
ST Bk Fac
CARE A4
15 (Issuer Not Cooperating) Lambda Therapeutic Research Ltd
ST BkFac
CARE A1+
Reaffirmed Nav Bharat Trading Company
ST Bk Fac
CARE A4
100 (Issuer Not Cooperating) Pal Enterprises
ST Bk Fac
CARE A4
150 (Issuer Not Cooperating) Rajasthan Fort And Palace Pvt Ltd
ST Bk Fac
CARE A4+
Revised from
CARE A4 Shraddha Energy And Infraprojects Pvt ST Bk Fac
CARE D
139.5 Revised from Ltd
CARE A4 (Issuer Not Cooperating) Spacewood Office Solutions Pvt Ltd
ST Bk Fac
CARE A3
Assigned Surendra Prasad And Lahri ConstructionST Bk Fac
CARE A4
125 Pvt Ltd (Issuer Not Cooperating) Victor Agencies
ST BkFac
CARE A4+
55 (Issuer Not Cooperating) MEDIUM TERM RATINGS: ------------------- Gati Ltd
Medium Term Fixed CARE BB+
Revised from
Deposits
Stable
CARE BBB
Negative LONG TERM RATINGS: ------------------- A C Strips Pvt Ltd
LT Bk Fac
CARE BB-
Stable (Issuer Not Cooperating) A.R.T. Fabrication Industries Pvt Ltd LT Bk Fac
CARE BB-
Reaffirmed
Stable Abhijit Realtors & Infraventures Pvt LLT BkFac
CARE B+ Stable289.9
Revised from
BB-(Stable) (Issuer Not Cooperating) Balaji Weft Pvt Ltd
LT BkFac
Revised from
CARE BBB
(CE) Negative
simultaneously
withdrawn (Issuer Not Cooperating) Balaji Weft Pvt Ltd
LT/ Shortterm Bk -
Fac Revised from CARE BBB(CE) Negative/CARE A3+ (CE) toCARE BB+ (CE) Stable / CARE A4+ (CE) simultaneously withdrawn (Issuer Not Cooperating) Banglore Polymers Pvt Ltd
LT Bk Fac
CARE B+ Stable210 (Issuer Not Cooperating) Banglore Polymers Pvt Ltd
LT / ST Bk Fac
CARE B+
Stable/CARE A4 (Issuer Not Cooperating) Davinder Exports
LT Bk Fac
CARE BB
Revised from
CARE BB+ (Issuer Not Cooperating) Deepak (NS:DPFE) Builders & Engineers India (NS:ENGI) Pvt LT Bk Fac
CARE BB-
1750 Ltd
Stable (Issuer Not Cooperating) Deepak Singal Engineers And Builders LT Bk Fac
CARE B+ Stable70
Revised from Pvt Ltd
CARE BB-
Stable (Issuer Not Cooperating) Deepshikha Exim Pvt Ltd
LT BkFac #
CARE BB+ (CE) 237
Revised from
Stable
CARE BBB
(CE) Negative (Issuer Not Cooperating)# Bank facilities are backed by the unconditional and irrevocable corporate guarantee of Jindal Worldwide Limited (JWL) Eon Electric Ltd
LT Bk Fac
CARE C Stable 400
Revised from
CARE B (Issuer Not Cooperating) Eon Electric Ltd
Long/ST Bk Fac
CARE C
Revised from
Stable /CARE
CARE B /CARE
A4 (Issuer Not Cooperating) Fathimuthu Amma Mills Ltd
LT Bk Fac
CARE BBB-
231.3
Reaffirmed
Stable (Reduced from 23.25 Crore) Gati Ltd
LT Bk Fac
CARE BB+
1384.3 Revised from
Stable
CARE BBB
Negative (reduced from 173.02 Crore) Gayatri Weavers Pvt Ltd
LT BkFac #
- Revised fromCARE BBB(CE) Negative to CARE BB+ (CE) Stable and, simultaneously withdrawn (Issuer Not Cooperating)/# This rating was based on the unconditional and irrevocable corporate guarantee of Jindal Worldwide Limited (JWL) Ircon Vadodara Kim Expressway Ltd
Unsupported Rating CARE A- Stable- Ircon Vadodara Kim Expressway Ltd
LT Bk Fac
ProvCARE AAA 7540
Assigned
(Proposed TL)
(CE) Stable ** **Proposed to be backed by unconditional and irrevocable corporate guarantee of IRCON International Limited. Rating assigned shall be provisional and shall be confirmed upon execution of unconditional irrevocable corporate guarantee from IRCON International Ltd and receipt of other documents to the satisfaction of CARE Ratings Ltd Jayanita
LT Bk Fac
CARE BB-
Reaffirmed
Stable Karni Communication Pvt Ltd
LT Bk Fac
CARE BB-
Revised from
Stable
CARE BB (Issuer Not Cooperating) Lambda Therapeutic Research Ltd
LT BkFac
CARE AA-
Reaffirmed
Stable Lambda Therapeutic Research Ltd
LT / ShortTerm Bk CARE AA-
Reaffirmed
Stable /CARE
A1+ Mithra Coaches Pvt Ltd
LT Bk Fac
CARE D
281.1 Revised from
CARE B Stable Mourya Aquex Pvt Ltd
LT Bk Fac
CARE BBB-
Assigned
Stable Mourya Aquex Pvt Ltd
LT/ST BkFac
CARE BBB-
Assigned
Stable/CARE A3 Nav Bharat Trading Company
LT Bk Fac
CARE BB-
Revised from
Stable
CARE BB (Issuer Not Cooperating) Nikhil Pulses Pvt Ltd
LT Bk Fac
CARE B+
Reaffirmed
Stable (Enhanced from Rs. 7.00 Crore) Patran Foods Pvt Ltd
LT Bk Fac
CARE BB-
Stable (Issuer Not Cooperating) Rajasthan Fort And Palace Pvt Ltd
LT Bk Fac
CARE BB+
285.3
Revised from
Stable
BB(Stable) Rajkamal Electric Press
LT Bk Fac
CARE BB-
Revised from
Stable
CARE BB (Issuer Not Cooperating) Repco Home Finance Ltd
LT BkFac
CARE AA
76450
Reaffirmed
Stable (enhanced from Rs 6,045 Crore) Rishi Traders
LT Bk Fac
CARE BB-
77.3*
Reaffirmed
Stable *Term loans sanctioned from Hero FinCorp Limited were withdrawn based on No Due Certificate from the lender dated July 10, 2019 S M Enterprises
LT BkFac
CARE BB-
129.8
Revised from
Stable
CARE BB
Stable (Issuer Not Cooperating) Saroj Weavers Pvt Ltd
LT BkFac #
- Revised from CARE BBB (CE) Negative to CARE BB+ (CE) Stable and, simultaneously withdrawn (Issuer Not Cooperating)/# This rating was based on the unconditional and irrevocable corporate guarantee of Jindal Worldwide Limited (JWL) Seth Construction Company
Long/ST BkFac
CARE B-
Revised from
Stable/CARE A4
CARE BB+
Stable/ CARE A4+ Shraddha Energy And Infraprojects Pvt LT Bk Fac ( TL)
CARE D
1063.1 Revised from Ltd
CARE B+
Stable (Issuer Not Cooperating) Shraddha Energy And Infraprojects Pvt LT Bk Fac ( Fund CARE D
Revised from Ltd
Based)
CARE B+
Stable (Issuer Not Cooperating) Shree Ram Cottex Industries Pvt Ltd LT BkFac
CARE B+ Stable300
Reaffirmed Spacewood Office Solutions Pvt Ltd
LT Bk Fac
CARE BBB-
154.1
Assigned
Stable Surendra Prasad And Lahri ConstructionLT Bk Fac
CARE B+
25 Pvt Ltd
Stable (Issuer Not Cooperating) Viaton Energy Pvt Ltd
LT BkFac-LT- TL
CARE BBB (CE) 374.8
Reaffirmed
Stable (Enhanced from Rs. 36.55 Crore) Viaton Energy Pvt Ltd
LT BkFac-LT-CC
CARE BBB (CE) 150
Assigned
Stable Victor Agencies
LT BkFac
CARE BB+
Stable (Issuer Not Cooperating) Victor Agencies
LT/Shortterm BkFac CARE BB+
Stable/CARE A4+ (Issuer Not Cooperating) Yash Weavers Ltd
LT/STBk Fac
CARE BB+ (CE) 25.5
Revised from
Stable/CARE
CARE BBB
A4+(CE)
(CE) Negative/
CARE A3+ (CE) (Issuer Not Cooperating) Yash Weavers Ltd
LTBk Fac
CARE BB+ (CE) 311.2
Revised from
Stable
CARE BBB
(CE) Negative (Issuer Not Cooperating) -------------------------------------------------------------------------------------------- $: 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.