CARE ratings for Indian debt instruments-Nov 26

Nov 26 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 25, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

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------- --------- SHORT TERM RATINGS: ------------------- Ambattur Fashion India Pvt Ltd

ST Bk Fac

CARE A2

Reaffirmed C&S Himoinsa (P) Ltd

ST Bk Fac

CARE A3

Reaffirmed Dish Tv India Ltd

ST Bk Fac (LOC / CARE A4+

Revised from

Bk Guarantee)

CARE A3+ Dish Tv India Ltd

ST Bk Fac (TL)

CARE A4+

Revised from

CARE A3+ Dish Tv India Ltd

ST Bk Fac

CARE A4+

Revised from

(Overdraft)

CARE A3+ Hisar Metal Industries Ltd

ST Bk Fac

CARE A4+

Revised from

CARE A3 (Issuer not cooperating; On the basis of best available information) J P Extrusiontech Ltd

ST Bk Fac

CARE A4+

Reaffirmed Jagannath Extrusion India Ltd

ST Bk Fac

CARE A4+

Reaffirmed Kings International Ltd

ST Bk Fac

CARE A4

- (Issuer Not Cooperating ; Based on best available information) Matadeen Ramchandra Agarwal

Long Short/Short- CARE A4

Reaffirmed

term BkFac Msp Steel & Power Ltd

ST Bk Fac

CARE A4+

Reaffirmed Patspin India Ltd

ST Bk Fac

CARE D

Revised from

CARE A4 Sahyog Exports Pvt Ltd

ST Bk Fac

CARE A4+

Reaffirmed Sayaji Industries Ltd

ST Bk Fac

CARE A3

Reaffirmed Setco Automotive Ltd

ST Bk Fac

CARE A4

Reaffirmed Shakti Pumps (India) Ltd

ST BkFac

CARE A2+

Reaffirmed Sunrise Foam Product Pvt Ltd

ST Bk Fac

CARE A4

- (Issuer not cooperating; Based on best available information) The Angus Co. Ltd

ST Bk Fac

CARE A4+

Revised from

CARE A4 Uniroyal Marine Exports Ltd

ST Bk Fac

CARE A4

307.5 - (Issuer not cooperating; Based on best available information) MEDIUM TERM RATINGS: ------------------- Sayaji Industries Ltd

Medium Term

CARE BBB (FD); 300

Revised from

Instrument-Fixed Negative

CARE BBB

Deposit Programme

(FD); Stable LONG TERM RATINGS: ------------------- Ambattur Fashion India Pvt Ltd

LT Bk Fac

CARE BBB;

Reaffirmed

Stable Asl Logistics Pvt Ltd

LT Bk Fac

CARE B; Stable 50

Assigned Asl Logistics Pvt Ltd

Proposed LT BkFac CARE B; Stable 10

Assigned Bindal Coir Pvt Ltd

LT Bk Fac

CARE B+; Stable65

Revised from

CARE BB-;

Stable (Issuer not cooperating) C&S Himoinsa (P) Ltd

LT Bk Fac

CARE BBB-;

Reaffirmed

Stable Cooper Corporation Pvt Ltd

LT Bk Fac

CARE A+; Stable505.1 Assigned Cooper Corporation Pvt Ltd

LT/ST Bk Fac

CARE A+;

Assigned

Stable / A1 Couple International Pvt Ltd

LT Bk Fac

CARE D

- (Issuer not Cooperating ; Based on best available information) Dalmia Refractories Ltd

LT Bk Fac-Fund

CARE A-

Based (Placed on credit watch with developing implications) Dalmia Refractories Ltd

LT Bk Fac-

CARE A-

Non-Fund Based

(stand by limit) (Placed on credit watch with developing implications) Dalmia Refractories Ltd

LT/ST Bk Fac –

CARE A-/CARE 400

Non-FundBased

A2+ (Placed on credit watch with developing implications) Dish Infra Services Pvt Ltd

LT/ ST Bk Fac (FB CARE BB+ (CE) 19686 -

/ Non fund based) ; Negative/

A4+ (CE) Rating revised from CARE BBB+(CE); Stable/A3+(CE) Dish Infra Services Pvt Ltd

LT/ ST Bk Fac (BG) CARE BB+ (CE) 1000

; Negative/

A4+ (CE) Rating revised from CARE BBB+(CE); Stable/A3+(CE) Dish Infra Services Pvt Ltd

LT Bk Fac(TL)

CARE BB+ (CE) 14309 -

;Negative Rating revised from CARE BBB+(CE) ; Stable Dish Infra Services Pvt Ltd

LT Bk Fac (CC)

CARE BB+ (CE); 400

Negative Rating revised from CARE BBB+(CE) ; Stable Encana International

LT Bk Fac

CARE B+;

Reaffirmed

Stable Fourth Dimension Solution Ltd

LT Bk Fac

CARE D

Reafffirmed Fourth Dimension Solution Ltd

LT/ST Bk Fac

CARE D/CARE D 700

Reafffirmed Grand Pinkcity Infraproject

LT Bk Fac

- (Reaffirmed at CARE B+; Stable and withdrawn) Hisar Metal Industries Ltd

LT BkFac

CARE BB+;

Revised from

Stable

CARE BBB-;

Stable (Issuer not cooperating; On the basis of best available information) Industrial Progressive (NYSE: PGR ) (India) Ltd

LT Bk Fac

CARE D

Reafffirmed J P Extrusiontech Ltd

LT Bk Fac

CARE BB+;

Reaffirmed

Stable J P Extrusiontech Ltd

LT/ST BkFac

CARE BB+;

Reaffirmed

Stable / A4+ Jagannath Extrusion India Ltd

LT Bk Fac

CARE BB+;

Reaffirmed

Stable (Outlook revised from Positive to Stable) Jagannath Extrusion India Ltd

LT /ST Bk Fac

CARE BB+;

Reaffirmed

Stable/ A4+ (Outlook revised from Positive to Stable) Kings International Ltd

LT Bk Fac

CARE B+; Stable50

Revised from

BB-;Stable (Issuer Not Cooperating ; Based on best available information) Lava Cast Pvt Ltd

LT BkFac

CARE B (CE); 1567

Negative Revised from CARE BB (CE); Negative Mahip Industries Ltd (Erstwhile Known LT Bk Fac

CARE B+

237.2 Revised from As Care Corupack Ltd)

CARE BB- (Issuer Not Cooperating) Malegaon Power Supply Ltd

LT BkFac

CARE BBB-;

Assigned

Stable Malegaon Power Supply Ltd

LT/ST Bk Fac

CARE BBB-;

Assigned

Stable / A3 Matadeen Ramchandra Agarwal

Long- term Bk Fac CARE BB-;

Revised from

Stable

CARE BB;

Stable Mitcon Solar Alliance Ltd

LT Bk Fac

Withdrawn Msp Steel & Power Ltd

LT Bk Fac

CARE BB+

5381.4 Reaffirmed (Outlook revised from Stable) Nrss Xxxvi Transmission Ltd

LT Bk Fac- TL

CARE D

Revised from

CARE BB+ [Under Credit Watch with Developing Implications] Patspin India Ltd

LT Bk Fac

CARE D

920.3 Reaffirmed Patspin India Ltd

Long/ST Bk Fac

CARE D/CARE D 70

Revised from

CARE C Pundrikaksh Granites Pvt Ltd

LT Bk Fac

CARE B+; Stable121.3 Revised from

CARE BB-;

Stable Pundrikaksh Granites Pvt Ltd

LT / ST Bk Fac

CARE B+;

Revised from

Stable / A4

CARE BB-;

Stable/ A4 Santosh Warehousing Ltd

LT Bk Fac

CARE D

Reafffirmed Sayaji Industries Ltd

LT Bk Fac

CARE BBB;

362.3 Revised from

Negative

CARE BBB;

Stable Sayaji Industries Ltd

LT/ST BkFac

CARE BBB;

Revised from

Negative / A3

CARE BBB;

Stable/ A3 Setco Automotive Ltd

LT Bk Fac

CARE B;

2571.8 Revised from

Negative

CARE BB;

Negative Shakti Pumps (India) Ltd

LT BkFac

CARE A-;

934.9 Revised from

Negative

CARE A-;

Stable Simplex Infrastructures (NS: SINF ) Ltd

LT Bk Fac

CARE BB+;

26000 Revised from

Negative

CARE BBB;

Negative Simplex Infrastructures Ltd

CARE BB+;

Revised from

Negative

CARE BBB;

Negative Simplex Infrastructures Ltd

Long/ST Bk Fac

CARE BB+;

79000 Revised from

Negative / A4

CARE BBB;

Negative / A3 Sree Karpagamoorthy Automobiles

Long -term Bk Fac CARE B Stable 70

Revised from

CARE B+;

Stable Sunrise Foam Product Pvt Ltd

LT Bk Fac

CARE B+; Stable72

Revised from

CARE BB- ;

Stable (Issuer not cooperating; Based on best available information) The Angus Co. Ltd

LT Bk Fac

CARE BB; Stable63

Revised from

CARE BB-;

Stable Vikram Monarch (Aop)

LTBk Fac

CARE BBB- (CE) 220

Revised from

; Stable

CARE BBB+

(CE); Stable (Issuer not cooperating; Based on best available information) -------------------------------------------------------------------------------------------- $: 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.