CARE ratings for Indian debt instruments-Apr 30
66
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 27, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Ajay Trading Compnay ST Bk Fac CARE A4+ 270 Assigned
Bodal Chemicals Ltd ST Bk Fac CARE A1 850 Reaffirmed
Cleartrip Pvt Ltd ST Bk Fac CARE A3 1350 Assigned
G.Hemanth Reddy ST Bk Fac CARE A4 77.5 Assigned
Issl Settlement & Transaction Services CP CARE A1+ 1000 Assigned
Ltd
Maa Annapurna Sheet Grah ST Bk Fac CARE A4 2.1 Reaffirmed
Permali Wallace Pvt Ltd ST Bk Fac CARE A4 142.5 Assigned
Samasta Microfinance Ltd CP CARE A1 3500 Reaffirmed
Seam Industries Ltd ST Bk Fac CARE A4 (SO)* 300 Revised from
CARE A2+(SO)
Shalimar Ispat Udyog ST Bk Fac CARE A4 20 Assigned
Simora Tiles Llp ST Bk Fac CARE A4 20 Assigned
Swat Ceramic Pvt Ltd ST Bk Fac CARE A4 10 Assigned
Tmf Holdings Ltd CP CARE A1+ 25000 Reaffirmed
LONG TERM RATINGS:
-------------------
A B Renewable Energy Pvt Ltd LT Bk Facilitie CARE BB- 220 Assigned
Agarwal Associates (Promoters) Ltd LT Bk Fac CARE BBB- 155 Reaffirmed
Ajanta Raaj Proteins Ltd LT Bk Fac CARE BB 200 Assigned
Ajay Trading Compnay LT Bk Fac CARE BB+ 73 Assigned
Aveena Milk Products LT Bk Facilitie CARE B+ 100 Assigned
Bodal Chemicals Ltd LT Bk Fac CARE A 1720 Reaffirmed
Cleartrip Pvt Ltd LT Bk Fac CARE BBB- 150 Assigned
G.Hemanth Reddy LT Bk Fac CARE B+ 22.5 Assigned
Irc Concrete Mix India Pvt Ltd LT Bk Facilitie CARE B+ 48.7 Assigned
Kinjal Chemicals Pvt Ltd LT Bk Fac CARE BB 200 Assigned
Kumaran Aagro Foods LT Bk Fac CARE BB 60 Assigned
Maa Annapurna Sheet Grah LT Bk Fac CARE B+ 127.3 Reaffirmed
Morgan Credits Pvt Ltd NCD - - Withdrawn
Morgan Credits Pvt Ltd NCD - - Withdrawn
Permali Wallace Pvt Ltd LT Bk Fac CARE B 246.1 Assigned
Permali Wallace Pvt Ltd LT/ST Bk Fac CARE B /CARE A434.3 Assigned
Radhakanta Himghar Pvt Ltd LT Bk Fac CARE B+ 50.5 Assigned
Sagar Metallics Pvt Ltd LT Bk Fac CARE BB- 19.8 Assigned
Sagar Metallics Pvt Ltd LT/Shortterm Bk FacCARE BB-/CARE 110 Assigned
A4
Seam Industries Ltd LT Bk Fac CARE BB (SO)* 386.1 Revised from
CARE A-(SO)
Shalimar Ispat Udyog LT Bk Fac CARE B+ 60 Assigned
Simora Tiles Llp LT Bk Fac CARE BB- 280 Assigned
Star Wire India Vidyut Pvt Ltd (Sivl) LT Bk Facilitie CARE B 420 Assigned
Sunil Hitech Solar (Dhule) Pvt Ltd Long/ST Bk Fac - - Withdrawn
Sunil Hitech Solar (Dhule) Pvt Ltd LT Bk Fac- (TL) CARE BB (SO)* 235.1 Revised from
CARE BBB(SO)
*backed by corporate guarantee provided by Sunil Hitech Engineers Ltd
Swat Ceramic Pvt Ltd LT Bk Fac CARE BB- 118 Assigned
Tmf Holdings Ltd NCDs CARE AA+ 12500 Reaffirmed
Tmf Holdings Ltd LT/ST Bk Fac CARE AA+/CARE 3000 Reaffirmed
A1+
Visu Leasing And Finance Pvt Ltd Proposed NCDs CARE A 2500 Assigned
Visu Leasing And Finance Pvt Ltd NCDs CARE A 2500 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.
(Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)
Source: in.reuters
