CARE ratings for Indian debt instruments-Nov 28

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CARE ratings for Indian debt instruments-Nov 28
Credit: © Reuters.

Nov 28 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of November 27, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

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

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Adithya Automotive Applications Pvt Ltd ST Bk Fac

CARE A2

150

Reaffirmed D. S. Contractors Pvt Ltd

ST Bk Fac

CARE D

70

- (Issuer Not Cooperating) Genus Paper & Boards Ltd

ST Bk Fac

CARE A2

450

Assigned Gillanders Arbuthnot & Co. Ltd

ST BkFac

CARE A3+

2124.6 Reaffirmed Gtn Textiles Ltd

ST Bk Fac

CARE A4

583

Reaffirmed Harsh Precious Metals Pvt Ltd

ST Bk Fac

CARE A4

13.3

Reaffirmed Jaguar Overseas Ltd

ST Bk Fac

CARE A3+

1500

Reaffirmed Jrj Sea Foods India Pvt Ltd

ST Bk Fac

CARE A4

80

Assigned Juniper Hotels Pvt Ltd

ST Bk Fac

CARE A4

60

Revised from

CARE A4 (Issuer Not Cooperating) Landmark Sizing

Short- Term Fac

CARE A4

18.5

Assigned Millenium Papers Pvt Ltd

ST Bk Fac

-

-

Withdrawn Mahavir Rolling Mill Pvt Ltd

ST BkFac

CARE A3

60

- Revised from CARE A4+ Mineral World Llp

ST Bk Fac

CARE A4

10

Reaffirmed P.C.Thomas And Company

ST Bk Fac

CARE A4

140

Reaffirmed Radico Nv Distilleries Maharashtra Ltd ST Bk Fac – LC/BG CARE A1

5

Revised from

CARE A2 T M Subramaniam & Co

Shot-term Bk Fac CARE A4

20

Assigned VRP Telematics Pvt Ltd

ST Bk Fac

CARE A3

950

Assigned WPIL Ltd

ST Bk Fac

CARE A1

9.6

Reaffirmed WPIL Ltd

CP*

CARE A1

150

Reaffirmed *carved out of sanctioned working capital limits of the company LONG TERM RATINGS: ------------------- Adithya Automotive Applications Pvt Ltd LT Bk Fac

CARE BBB+

100

Reaffirmed B. K. Polimex India Pvt Ltd

LT Bk Fac

-

-

Withdrawn B. K. Polimex India Pvt Ltd

LT/ST Bk Fac

-

-

Withdrawn Balaji Acqua & Agro Products Pvt Ltd LT Bk Fac

CARE B+

120

Assigned D. S. Contractors Pvt Ltd

LT Bk Fac

CARE D

56.9

- (Issuer Not Cooperating) Darpan Jewels (Gujarat) Llp

LT/ ST Bk Fac

CARE BBB-/A3 300

Reaffirmed Emami (NS: EMAM ) Realty Ltd

LT Bk Fac

CARE A- (SO) 1000

Assigned Esmart Energy Solutions Pvt Ltd

LT Bk Fac

CARE BB-

259

Reaffirmed Genus Paper & Boards Ltd

LT Bk Fac

CARE BBB+

1534.5 Assigned Gillanders Arbuthnot & Co. Ltd

LT BkFac

CARE BBB+

2113.7 Revised from

CARE BBB+ Gillanders Arbuthnot & Co. Ltd

Fixed Deposit

CARE BBB+ (FD) 430

Revised from

program

CARE BBB+ Gillanders Arbuthnot & Co. Ltd

Long/STBk Fac

CARE BBB+/A3+ 553

Revised from

CARE BBB+ Gtn Textiles Ltd

LT Bk Fac

CARE B

124.3 Revised from

CARE D Harsh Precious Metals Pvt Ltd

LT Bk Fac

CARE BB-

1.6

Reaffirmed Harsh Precious Metals Pvt Ltd

LT/ST Bk Fac

CARE BB-/A4

37

Reaffirmed High Point Properties Pvt Ltd

NCDs (NCD)^

CARE AA+ (SO) 2250

Final Rating Ineos Styrolution India Ltd

CP (Standalone)

-

-

Withdrawn Ipca Laboratories (NS: IPCA ) Ltd

LT/STBk Fac

CARE AA/A1+

11400 Reaffirmed Jaguar Overseas Ltd

LT Bk Fac

CARE BBB

275

Reaffirmed JRJ Sea Foods India Pvt Ltd

LT Bk Fac

CARE BB-

23.48 Assigned Juniper Hotels Pvt Ltd

LT Bk Fac

CARE BB

4212.2 Revised from

CARE BB (Issuer Not Cooperating) L.C. Foods Ltd

Long –term Bk Fac -

-

Withdrawn L.C. Foods Ltd

Long –term Bk Fac/ -

-

Withdrawn

ST Bk Fac Landmark Sizing

LT Bk Fac

CARE BB

180.9 Assigned Landmark Sizing

Long –term/ST BkFacCARE BB/A4

0.1

Assigned Mahavir Rolling Mill Pvt Ltd

LT BkFac

CARE BBB-

200

- Revised from CARE BB+ Manglam Agrotech Pvt. Ltd

LT BkFac

CARE B+

116.1 Assigned Millenium Papers Pvt Ltd

LT Bk Fac

-

-

Withdrawn Mineral World Llp

LT Bk Fac

CARE BB-

105.5 Reaffirmed P.C.Thomas And Company

LT Bk Fac

CARE BB

50

Revised from

CARE BB Punjab And Sind Bank

Basel III

CARE A+

10000 Reaffirmed

Compliant Tier I

Bonds Punjab And Sind Bank

Lower Tier II

CARE AA

8750

Reaffirmed

Bonds Punjab And Sind Bank

Tier II Bonds

CARE AA

5000

Reaffirmed

(Basel-III) Punjab And Sind Bank

Tier II Bonds

CARE AA

5000

Reaffirmed

(Basel-III)

(Proposed) Radico Nv Distilleries Maharashtra LtdLT Bk Fac – TL

-

-

Withdrawal Radico Nv Distilleries Maharashtra LtdLT Bk Fac - CC

CARE A

-

Revised from

CARE A- Rangoli Wood Pvt Ltd

LT Bk Fac

CARE B+

62.5

Assigned Rich Prints Pvt Ltd

LT Bk Fac

-

-

Withdrawn RM Rocks And Sand Pvt Ltd

Long -term Bk Fac CARE B

80

- (Issuer Not Cooperating) Sai Venkat Vishnu Hotels Pvt Ltd

LT Bk Fac

CARE BB

95.3

Revised and

Removed from

CARE BB- (Issuer Not Cooperating) Shree Karthik Papers Ltd

LT Bk Fac

CARE BB+

119

Revised from

CARE BB T M Subramaniam & Co

LT Bk Fac

CARE B

81.6

Assigned Timezone Entertainment Pvt Ltd

LT Bk Fac*

-

-

Withdrawn *Backed by Shortfall undertaking by Shopper Stop Ltd Timezone Entertainment Pvt Ltd

LT Bk Fac-

-

-

Withdrawn

Proposed Umachi Foods & Commodities Pvt Ltd

LT Bk Fac

CARE B

90

- (Issuer Not Cooperating) VRP Telematics Pvt Ltd

LT Bk Fac

CARE BBB-

450

Assigned WPIL Ltd

LT Bk Fac

CARE A

872.1 Reaffirmed WPIL Ltd

Long/ST Bk Fac

CARE A /CARE A1

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.

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