CARE ratings for Indian debt instruments-Apr 5 Part II
32
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 4, 2019.(Part II)
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
LONG TERM RATINGS:
-------------------
Ecoair Cooling Systems Pvt Ltd LT Bk Fac CARE BB- 95 Assigned
Ecstasy Realty Pvt Ltd NCD issue CARE BB+ 6000 -
CARE has sought confirmation from the Issuer on repayment but no confirmation on the same has
been received till date.
Edison Energy India Pvt Ltd LT Bk Fac CARE BB+ 450.2 Reaffirmed
Efficient Illumination Pvt Ltd Bk Fac - FB - LT-TLCARE A- (SO*) 500 Assigned
*Based on the credit enhancement in the form of unconditional, irrevocable and continuing
corporate guarantee extended by SMC Infrastructure Private Limited
Eita India Ltd LT BkFac CARE BBB- 374 Reaffirmed
(reduced from 38.00 Crore)
Elkay Telelinks Ltd LT Bk Fac CARE BBB- 150 Reaffirmed
Elkay Telelinks Ltd LT/ STBk Fac CARE BBB-/A3 245.6 Reaffirmed
Emerald Heights Academy & Realty Pvt LT Bk Fac CARE BB+ 299.6 Assigned
Enexio Power Cooling Solutions India LT/ ST Bk Fac CARE BBB-/A3 650 Revised from
Pvt Ltd CARE BBB
Esab India Ltd Issuer Rating CARE AA-(Is) - Reaffirmed
Escorts Heart Institute And Research Bk Fac - LT - TL CARE BBB- 280 Revised from
Centre Ltd CARE C and
placed on credit
watch with developing implications
Essel Urja Pvt Ltd LT BkFac – TL CARE BBB- 2670 Continues
under credit
watch with
developing implications
(reduced from 288.92 Crore)
Everest Power Pvt Ltd LT Bk Fac - - Withdrawn
Fatehpuria Transformers And SwitchgearLT Bk Fac CARE BB- 110 Reaffirmed
Pvt Ltd
Filatex India Ltd LT Bk Fac - - Withdrawn
Five Star Logistics Pvt Ltd LT Bk Fac CARE BB- 40 Assigned
Five Star Shipping Agency Pvt Ltd LT Bk Fac CARE BB- 60 Assigned
Floressence Perfumes Pvt Ltd LT/ST Bk Fac CARE D 90 -
*Issuer did not cooperate; Based on best available information
Floressence Perfumes Pvt Ltd LT Bk Fac CARE D 81 -
*Issuer did not cooperate; Based on best available information
Fortis Healthcare Ltd Bk Fac - LT - TL CARE BBB- 550 Revised from
CARE C and
placed on credit
watch with developing implications
Fortune Stones Ltd Total Bk Fac 296.5
Fortune Stones Ltd LT Bk Fac CARE BBB 21.5 Reaffirmed
(reduced from 2.38 Crore)
Fusion Microfinance Pvt Ltd LT Bk Fac CARE A- 15000 Reaffirmed
(enhanced from 900 Crore)
G.B. Sports LT Bk Fac CARE BB+ 129 Reaffirmed
(enhanced from Rs.11.58 Crore)
Ganesh Foods LT Bk Fac CARE B 160 Assigned
Ganga R K Industries Pvt Ltd LT Bk Fac CARE BB+ 25.9 Revised from
CARE BB
Ganga R K Industries Pvt Ltd LT/ STBk Fac CARE BB+/A4+ 70 Revised from
CARE BB
Garima Castings LT Bk Fac CARE BB+ 123.4 Revised from
/(Double B CARE BB
Plus/Outlook:/)
(reduced from Rs.13.48 crore Crore)
Garima Castings LT/STBk Fac CARE BB+ /A4+ 60 Revised from
(Double B CARE BB
Plus/Outlook:/A four Plus)
(enhanced from Rs.5 crore Crore)
General Insurance Corporation Of IndiaCPA CARE AAA (In) - Reaffirmed
Genuine Promoters LT Bk Fac CARE BBB- 1163.1 Reaffirmed
(reduced from Rs.125 crore Crore)
Gic Bhutan Reinsurance Ltd CPA CARE A (In) - Reaffirmed
Gmr Sez Infra Services Ltd Proposed Market - - Withdrawn
Linked Debentures
(MLDs)
Goa Sponge & Power Ltd LT Fac CARE B 700 Assigned
Gold Plus Glass Industry Ltd LT BkFac CARE BB+ 2490.7 -
Golden Agri Resources (India) Pvt Ltd LT/ST BkFac* CARE A 1150 Reaffirmed
(SO)/A2+ (SO)
*backed by unconditional & irrevocable corporate guarantee provided by Golden Agri Resources
Limited (GARL), Mauritius
Golden Agri Resources (India) Pvt Ltd LT/ST BkFac @ CARE A 1550 Reaffirmed
(SO)/A2+ (SO)
@to be backed by unconditional and irrevocable corporate guarantee to be provided by GARL,
Mauritius. The rating for the facilities (serial no ii) is “Provi
Golden Prince Wines Pvt Ltd LT Bk Fac CARE BBB 230 Reaffirmed
(reduced from 25.00 Crore),* Issuer did not cooperate; based on best available information
Gondia Education Society LT Bk Fac CARE BB- 60 Revised from
CARE BB
Goverdhan Verma Punjab Jewellers Pvt LLT Bk Fac CARE B+ 100 -
Green Express Carriers Pvt Ltd LT Bk Fac CARE B+ 120 Reaffirmed
Green Pearl Engineering Construction LT Bk Fac CARE BB+ 140 Reaffirmed
Corporation Ltd
Greenko Energies Pvt Ltd LT Bk Fac CARE A+ 55908 Reaffirmed
(enhanced from 879.50 Crore)
Greenko Energies Pvt Ltd LT Instruments – CARE A+ 2000 Reaffirmed
NCDs
Greenko Energies Pvt Ltd LT/ST BkFac CARE A+/A1+ 1000 Reaffirmed
Plus/Outlook:
/A One Plus)
Guwahati Carbon Ltd LT Bk Fac CARE BBB+ 300 Revised from
CARE BBB
(enhanced from 20.00 Crore)
Gwalior Bypass Project Ltd NCD issue CARE C 932.8 Revised from
CARE D
(Reduced from 161.26 Crore)
Hare Krishna Orchid LT Bk Fac CARE BB- 150 -
Issuer not cooperating
Harmony Plastics Pvt Ltd LT Bk Fac CARE 85.3 Revised from
BBB+/(Triple B CAREBBB+
Plus/Outlook: Positive)
Harmony Plastics Pvt Ltd LT/ST BkFac CARE BBB+/A2\ 150 Revised from
CAREBBB+
Hazaribagh Ranchi Expressway Ltd Senior NCD issue CARE C 4580 -
(NCD) - Series A
Issuer not cooperating/Based on best available information
Hazaribagh Ranchi Expressway Ltd Subordinate NCD CARE C 1430 -
issue (NCD) -
Series B
Issuer not cooperating/Based on best available information
Hero Future Energies Pvt Ltd (ErstwhilLT Bk Fac - - Withdrawn
Clean Solar Power (Hiriyur) Pvt Ltd)
Hetero Drugs Ltd LT Bk Fac CARE A 2880 Revised from
CARE A+
Hetero Drugs Ltd LT/ST BkFac CARE A/A1 1600 Revised from
CARE A+
Hetero Labs Ltd LT BkFac CARE A 33271.2 Revised from
CARE A+
(Reduced from Rs 4,108.93 crore Crore)
Hetero Labs Ltd LT/Shortterm BkFac CARE A/A1 12500 Revised from
CARE A+
Hetero Med Solutions Ltd LT BkFac @ CARE A (SO) 1231.6 Revised from
CARE A+
(Reduced from Rs. 132.23 crore Crore)
Hetero Wind Power (Pennar) Pvt Ltd LT BkFac @ CARE A (SO) 875 Revised from
CARE A+
(Reduced From Rs.93.50 crore Crore)
Hetero Wind Power Ltd LT BkFac @ CARE A (SO) 2114.7 Revised from
CARE A+
(Reduced from Rs. 224.21 crore Crore)
Hfm Solar Power Pvt Ltd LT Bk Fac CARE 163 -
BB-/ISSUER NOT
COOPERATING* (Double B Minus/Outlook:
Issuer not cooperating
Hinduja National Power Corporation LtdLT BkFac - TermLoanCARE A- 59850 -
Continues on credit watch with developing implications
Hinduja National Power Corporation LtdLT BkFac - CARE A- 12900 -
CashCredit
Continues on credit watch with developing implications
Hindustan Laboratories LT BkFac CARE BBB 150 Revised from
CARE BBB-
Hindustan Waste Treatment Pvt Ltd LT Bk Facility FB CARE A- (SO* 826.9 Reaffirmed
(TL)
Hitachi Payment Services Pvt Ltd NCDs (NCDs) CARE AA 1200 Reaffirmed
Hyderabad-Yadgiri Tollway Pvt Ltd LT Bk Fac CARE A 1749.1 Revised from
CARE A-
Hyderabad-Yadgiri Tollway Pvt Ltd NCD issue – I CARE A 1178.7 Revised from
CARE A-
Hyderabad-Yadgiri Tollway Pvt Ltd NCD issue - II CARE A 786 Assigned
Il&Fs Tamil Nadu Power Co. Ltd LT Bk Fac CARE D 55849.3 -
Indian Clearing Corporation Ltd Issuer Rating* CARE AAA (Is) - Reaffirmed
*The rating is subject to the company maintaining overall gearing not exceeding 2 times
Indo Nabin Projects Ltd Long –term Bk Fac CARE B 118 Reaffirmed
Indo Nabin Projects Ltd Long/ ST Bk Fac ST CARE B/A4 40200 Reaffirmed
Bk Fac
Indo Nabin Projects Ltd LT Bk Fac CARE D 120 Reaffirmed
Intergen Energy Ltd LT Bk Fac CARE BB 15 Reaffirmed
Intergen Energy Ltd LT / ST BkFac CARE BB/A4 35 Reaffirmed
Itnl Road Infrastructure Development LT Bk Fac CARE D 402.4 -
Co. Ltd
Ivy Ecoenergy India Pvt Ltd LT Bk Fac - - Withdrawn
Jagaran Microfin Pvt Ltd LT BkFac CARE BBB- 1000 Reaffirmed
(enhanced from 85.91 Crore)
Jaibalajee Marmograni Pvt Ltd LT Bk Fac CARE BB- 61.5 Assigned
Jakson Solar Pvt Ltd LT Bk Fac – fund CARE BBB 204.2 -
based – TL
Issuer not cooperating
Jharkhand Road Projects ImplementationNCDs (NCDs)^ CARE D 15458.1 -
Co. Ltd
Jindal Realty Ltd (Formerly Jindal LT Bk Fac - - Withdrawn
Realty Pvt Ltd)
(TL Crore)
Jindal Realty Ltd (Formerly Jindal LT/ST Bk Fac CARE BBB- 455 Reaffirmed
Realty Pvt Ltd) /CARE A3
(LC/BG Crore)
Jm Financial Properties And Holdings LCP (IPO financing) - - Withdrawn
Jms Mining Pvt Ltd LT Bk Fac CARE A+ 3336.1 Reaffirmed
Jms Mining Pvt Ltd Long/ST BkFac CARE A+/A1 6750 Reaffirmed
Jorabat Shillong Expressway Ltd Senior NCDs (NCDs) CARE D 5924.2 -
Jorabat Shillong Expressway Ltd Subordinate CARE D 2237.3 -
NonConvertible
Debentures (NCDs)
Jrg Educational Trust LT Bk Fac - - Withdrawn
Jrg Educational Trust LT Bk Fac CARE BB+ 83 Reaffirmed
K R F Ltd LT Bk Fac CARE BBB- 241.9 Revised from
CARE BBB
Kach Motors Pvt Ltd LT Bk Fac CARE BBB- 87.7 Reaffirmed
(Reduced from Rs.11.64 crore Crore)
Kalinga Calciner Ltd LT Bk Fac CARE BBB+ 300 Revised from
CARE BBB
Karamhans Foods Pvt Ltd LT Bk Fac CARE BB- 100 Revised from
CARE B+
Keventer Agro Ltd LT BkFac CARE BBB- 1435.3 Reaffirmed
(enhanced from 64.59 Crore)
Keventer Agro Ltd LT/ Shortterm Bk CARE BBB-/A3 1251.5 Reaffirmed
Fac
(enhanced from 55.15 Crore)
Kewalram Textiles Pvt Ltd Long/ST Bk Fac @ CARE BBB- 902 Reaffirmed
(SO)/A3 (SO)
@ backed by unconditional and irrevocable corporate guarantee extended by Singapore-based KCTex
International Ltd (KIL) which is the holding company of Kewa
Kewalram Textiles Pvt Ltd Long/STBk Fac # CARE 1200 Reaffirmed
BBB-(SO)/A3
(SO)
# proposed to be backed by unconditional and irrevocable corporate guarantee of KIL. The above
rating is provisional and shall be confirmed upon the executi
Klm Axiva Finvest Ltd LT Bk Fac CARE BB+ 150 Revised from
CARE BB
Klm Axiva Finvest Ltd NCD issue CARE BB+ 1000 Revised from
CARE BB
Kotecha Steel Forge Pvt Ltd LT/ ST BkFac CARE BB+/CARE 50 Revised from
A4+ CARE BB
Krishnagiri Thopur Toll Road Ltd LT BkFac - - Withdrawn
Krishnagiri Thopur Toll Road Ltd NCDs@ CARE AA+(SO) 996.3 Revised from
CARE AA-
Kunj Alloys Pvt Ltd LT Bk Fac CARE BB+ 350 Reaffirmed
Kunj Alloys Pvt Ltd LT Bk Fac CARE BB+ 90.8 Assigned
L&T Deccan Tollways Ltd LT Bk Fac@ CARE AA (SO) 1348.8 Revised from
CARE AA
@ backed by credit enhancement in the form of undertaking from L&T Infrastructure Development
Projects Limited(rated CARE AA; Stable )
L&T Infrastructure Development ProjectNCD Issue CARE AA 1000 Revised from
Ltd CARE AA
(reduced from 120 Crore)
Latiyal Handicrafts Pvt Ltd LT Bk Fac - - Withdrawn
Latiyal Handicrafts Pvt Ltd LT/Shortterm Bk CARE BBB-/A3 180 Revised from
Fac CARE BB+
Laxmi Sopan Agriculture Produce LT Bk Fac CARE B 38 Revised from
Marketing Co. Ltd CARE B
Issuer not cooperating,(Enhanced from Rs.3.26 crore Crore)
List Of Instruments With No NCD issue CARE BB+ 6000 -
Confirmation On Payment Status
CARE has sought confirmation from the Issuer on repayment but no confirmation on the same has
been received till date.
Lolark Polytex Pvt Ltd LT BkFac CARE BB 70 -
Lotus Surgicals Pvt Ltd LT Bk Fac CARE BBB- 224.7 Reaffirmed
Ltc Commercial Company Pvt Ltd LT Bk Fac CARE BBB 65.3 Reaffirmed
(reduced from Rs.8.93 crore Crore)
Madhuram Jewellers LT Bk Fac CARE B+ 60 Reaffirmed
Madhya Bharat Agro Products Ltd LT Bk Fac CARE BBB 299.4 Reaffirmed
(reduced from Rs.32.31 crore Crore)
Manipal Health And Education LT Bk Fac - - Revised to
International Pte Ltd CARE BBB-
Manipal Health Systems Pvt Ltd LT BkFac^ CARE BBB-(SO) - Assigned
#Equivalent to USD 134 USD million, forward exchange rate of 1USD equivalent to Rs.74.33 ^The
rated SBLC has been used to secure the term loan availed by a wholly owned subsidiary Manipal
Health and Education International Pte Limited (MHEIPL).
Maspack Industries LT Bk Fac CARE B+ 53.6 -
Issuer not cooperating
Mcnally Sayaji Engineering Ltd LT Bk Fac CARE D 1737.5 -
Issuer not cooperating
Mcnally Sayaji Engineering Ltd Long/ ST Bk Fac CARE D/D 890 -
Issuer not cooperating
Meenaxi Exports LT / ST Bk Fac - - Withdrawn
Mendine Pharmaceuticals Pvt Ltd LT Bk Fac CARE BB- 75 Assigned
Metcon India Realty & Infrastructure LT Bk Fac CARE BB 70 -
Pvt Ltd
Issuer not cooperating
Metcon India Realty & Infrastructure LT/ST Bk Fac CARE BB/A4 390 -
Pvt Ltd
Issuer not cooperating
Metro And Metro LT/ ST Bk Fac CARE BBB+ 290 Reaffirmed
Metrro Waste Handling Pvt Ltd LT Bk Fac CARE BBB- 189.6 Reaffirmed
(enhanced from Rs.10.00 crore Crore)
Metrro Waste Handling Pvt Ltd Long/ ST BkFac CARE BBB-/A3 10.4 Reaffirmed
Mewar Polytex Ltd LT Bk Fac CARE BBB+ 48.3 Revised from
CAREBBB+
Mewar Polytex Ltd LT/ST BkFac CARE BBB+/A2 100 Revised from
CAREBBB+
Micromax Informatics Ltd LT Bk Fac CARE BBB 53.9 Revised from
CARE BBB+
(reduced from 8.00 Crore)
Milano Bathroom Fittings Pvt Ltd LT Bk Fac CARE BBB+(SO) 100 Reaffirmed
Modern Automotives Ltd LT Bk Fac CARE BBB- 230 Reaffirmed
Modern Education Foundation LT Bk Fac CARE BBB- 56.2 Reaffirmed
Mohan Breweries And Distilleries Ltd (ii) LT BkFac CARE C 1190 Revised from
(Fund Based) CARE D
Mohan Breweries And Distilleries Ltd (i) LT BkFac (TL) CARE D 39.1 Reaffirmed
Moradabad Bareilly Expressway Ltd NCDs(NCDs) CARE D 3549 -
Moradabad Bareilly Expressway Ltd LT Fac CARE D 12110.4 -
Mp Border Checkpost Development Co. LtLT Bk Fac CARE D 5523.8 -
Nagarjuna Fertilizers And Chemicals LtLT Bk Fac CARE D 12761.4 Reaffirmed
(reduced from 1411.17 Crore)
Nagarjuna Fertilizers And Chemicals LtLT/ST Bk Fac CARE D/D 11796.7 Reaffirmed
(reduced from 1181.17 Crore)
Nandi Highway Developers Ltd LT Bk Fac CARE A- 1200 Assigned
Neo Carbon Pvt Ltd LT Bk Fac - - Withdrawn
Neo Carbon Pvt Ltd LT Bk Fac CARE BBB+ 500 Revised from
CARE BBB
Olive Bar And Kitchen Pvt Ltd LT BkFac CARE BBB- 142.4 Reaffirmed
and outlook
revised from
stable tonegative
Om Shiv Foods LT Bk Fac CARE B+ 240 -
*Issuer did not cooperate; Based on best available information
Ostro Urja Wind Pvt Ltd LT Bk Fac - - Withdrawn
P. D. Sekhsaria Trading Company Pvt LtLT Bk Fac (Fund CARE BBB- 900 Reaffirmed
Based)
P. D. Sekhsaria Trading Company Pvt LtLT Bk Fac (TL) CARE BBB- 13.5 Reaffirmed
P.C Yadav LT Bk Fac CARE BB 30 Assigned
Pacific Garments Pvt Ltd LT BkFac CARE B+ 6.9 Reaffirmed
Pacific Garments Pvt Ltd LT/STBk Fac CARE B+/A4 22.6 Reaffirmed
Pankaj C. Patel LT Bk Fac CARE B- 42 -
Issuer not cooperating
Parnika Commercial & Estates Pvt Ltd LT Bk Fac CARE BBB 100 Reaffirmed
outlook revised from Stable
Parnika Commercial & Estates Pvt Ltd LT/ST Bk Fac CARE BBB/A3+ 1800 Reaffirmed
outlook revised from Stable
Patspin India Ltd Long/ST Bk Fac CARE C/A4 70 Reaffirmed
Patspin India Ltd LT Bk Fac CARE D 920.3 Reaffirmed
Pattabhi Agro Foods Pvt Ltd LT Bk Fac CARE BBB 3800 Reaffirmed
Pcl Oil & Solvents Ltd LT/ ST Bk Fac CARE BB+/A4+ 1355 Reaffirmed
Pheroze Framroze & Company Pvt Ltd LT Bk Fac CARE BB 500 Reaffirmed
Plasti Weave Industries Llp LT Bk Fac CARE BBB+ 138.9 Revised from
CAREBBB+
Plasti Weave Industries Llp LT/ST BkFac CARE BBB+/A2 170 Revised from
CAREBBB+
Pnc Infratech Ltd LT Bk Fac CARE AA- 17000 Reaffirmed
(enhanced from 1,050 Crore)
Pragya Electric And Electronics LT Bk Fac CARE BB- 24 Reaffirmed
Corporation
Prince Steel Industries LT Bk Fac - - Withdrawn
Prozone Developers & Realtors Pvt Ltd NCDs CARE B+ 340 Re-affirmed
Ps Srijan Conclave LT Bk Fac - - Withdrawn
Pulkit Projects Pvt Ltd LT Bk Fac CARE B+ 130 -
Issuer not cooperating
Rajalakshmi Automobiles Pvt Ltd LT Bk Fac CARE BB 298.2 Reaffirmed
Rajdeep And Associates Long -termBk Fac CARE B 35 -
Issuer not cooperating
Rajdeep Energies Pvt Ltd Long -termBk Fac CARE BB- 40 -
Issuer not cooperating
Ramdhan Spintex LT Bk Fac CARE BB- 247.2 -
Issuer not cooperating
Ramky Elsamex Hyderabad Ring Road Ltd LT Bk Fac CARE BB- 930.2 Revised from
CARE D
(reduced from 196.99 Crore)
Ramky Integrated Township Ltd LT Bk Fac CARE BBB- 29.7 Reaffirmed
(reduced from 15.64 Crore)
Ratnapprabbha Motors LT Bk Fac CARE BBB- 300 Assigned
Rattanindia Solar 2 Pvt Ltd LT Fac CARE BBB+ 2300 Revised from
CARE BBB
Ravi Renewable Energy And Lighting LT Bk Fac - - Withdrawn
(India) Pvt Ltd
Ravi Renewable Energy And Lighting LT Bk Fac CARE BBB 150 Reaffirmed
(India) Pvt Ltd
(enhanced from Rs.4 crore Crore)
Ravi Renewable Energy And Lighting LT / ST BkFac CARE BBB/A3+ 200 Reaffirmed
(India) Pvt Ltd
(enhanced from Rs.11 crore Crore)
Ravi Sheet Processors Pvt Ltd LT/ STBk Fac CARE B+/A4 97.5 Reaffirmed
Rayat Educational And Research Trust LT Bk Fac CARE D 333.6 Reaffirmed
Rituraj Holdings Pvt Ltd LT Bk Fac CARE BB+ 13.6 Revised from
CARE BB
(reduced from 1.40 Crore)
Rituraj Holdings Pvt Ltd LT/ ST Bk Fac CARE BB+/A4+ 65 Long-term
rating
revised from
CARE BB
Ritzy Chemicals Pvt Ltd LT/ ST Bk Fac CARE BB+/A4+ 3150 Reaffirmed
(Double B
Plus/Outlook: /A Four Plus)
(enhanced from 250.00 Crore)
Rohan Builders And Developers Pvt Ltd LT Bk Fac CARE A- 1000 Reaffirmed
(reduced from 161.63 Crore)
Rohan Gruh Nirman Llp LT Bk Fac CARE A-(SO) 700 Reaffirmed
Royalcare Super Speciality Hospital LtLT Bk Fac CARE BB- 2312.5 Reaffirmed
(reduced from 241.17 Crore)
Rug Resources LT / ST Bk Fac CARE BB-/A4 110 Reaffirmed
S P Construction LT Bk Fac CARE B+ 20 Revoked from
CARE B+
S P Infra LT Bk Fac CARE BB- 93.8 Reaffirmed
(reduced from 10 Crore)
S S Group Pvt Ltd LT Bk Fac CARE BB+ 350 Reaffirmed
(Reduced from Rs. 47.00 crore Crore)
Sadbhav Engineering Ltd LT NCD CARE A 1000 Assigned
Sadbhav Infrastructure Project Ltd LT /ST BkFac CARE A-/A2+ 4000 Reaffirmed
Samudra Electronic System Pvt Ltd LT Fund based – CC CARE A- (SO*) 40 Reaffirmed
*Based on the credit enhancement in the form of unconditional, irrevocable and continuing
corporate guarantee extended by SMC Infrastructure Private Limited
Samudra Electronic System Pvt Ltd LT Fund based - TL CARE A- (SO*) 3 Reaffirmed
*Based on the credit enhancement in the form of unconditional, irrevocable and continuing
corporate guarantee extended by SMC Infrastructure Private Limited
Sanganeriya Spinning Mills Ltd LT Bk Fac CARE BB 85 Reaffirmed
Sarjan Infracon Pvt Ltd LT Bk Fac CARE BBB- 70 Reaffirmed
(enhanced from Rs.6.00 crore Crore)
Sarjan Infracon Pvt Ltd LT/ST Bk Fac CARE BBB-/A3 640 Reaffirmed
(enhanced from Rs.47.00 crore Crore)
Saroja Renewable Ltd LT Bk Fac- TL CARE BBB 1662 Assigned
(Senior Debt)
Saroja Renewable Ltd LT Bk Fac- TL (Sub CARE BBB 240.6 Assigned
Debt)
Satin Creditcare Network Ltd NCDs - - Withdrawn
Satin Creditcare Network Ltd NCDs - - Withdrawn
Satin Creditcare Network Ltd NCDs - - Withdrawn
Saurabh Agrotech Pvt Ltd LT Bk Fac CARE BB+ 240 Revised from
CARE BB
Scion Exports Pvt Ltd LT Bk Fac CARE BBB 90 Reaffirmed
Seajuli Developers & Finance Ltd LT Bk Fac CARE BBB- 1210 Reaffirmed
(reduced from 200 Crore)
Segam Tiles Pvt Ltd LT Bk Fac CARE B+ 400 -
Shaktigarh Textile & Industries Ltd LT Bk Fac CARE BB 241.6 Revised from
CARE BB+
(reduced from 28.16 Crore)
Shamji Kangad And Company LT Bk Fac CARE BB- 125 Revised from
CARE B+
Shanay Renewable Ltd LT BkFac CARE BBB 1039.4 Assigned
Shannon And Shannon LT Bk Fac CARE BB- 120 Assigned
Shannon And Shannon LT / ST Bk Fac CARE BB-/A4 10 Assigned
Shapers Constructions Ltd LT Bk Fac CARE BBB- 10 Reaffirmed
Shikhar Microfinance Pvt Ltd LT BkFac CARE BB 500 -
Issuer not cooperating
Shiksha Bharti Educational Society LT Bk Fac CARE B 105.3 Revised from
CARE B+
Shree Automotive Pvt Ltd LT Bk Fac CARE BBB 1525 Assigned
Shree Bhawani Lumbers LT / Shortterm Bk CARE B+/A4 135 -
Fac
Issuer not cooperating
Shree Mangal Proteins Ltd LT Bk Fac CARE BB 289.6 Reaffirmed
Shri Salasar Agro Processors LT Bk Fac CARE B+ 197 Revised from
CARE B
Issuer not cooperating,(Enhanced from Rs.7 crore Crore)
Shri Saraswati Trading Company LT Bk Fac CARE B+ 15 Assigned
Shri Shyam Ispat (India) Pvt. Ltd LT Bk Facility CARE A 340 Reaffirmed
(enhanced from 20.00 Crore)
Siddha Real Estate Development Pvt LtdLT BkFac CARE BBB 731.5 Continues to
be on credit
watch with
Developing implications
(reduced from 77.86 Crore)
Sikka Motors Pvt Ltd LT Bk Fac CARE BB- 490 Revised from
CARE B
Singhal Enterprises Pvt. Ltd LT Bk Facility CARE A 690 Reaffirmed
(enhanced from 35.00 Crore)
Sinnar Taluka Vibhagiya Sahakari Dudh LT Bk Fac CARE B+ 91.6 Reaffirmed
Utpadak And Prakriya Sangh Ltd
Skeiron Renewable Energy Kustagi Ltd LT Bk Fac CARE BBB 2716.6 Assigned
Skipper Ltd LT Bk Fac CARE A 6046.2 Reaffirmed
(enhanced from 556.12 Crore)
Skipper Ltd Long/ST BkFac CARE A/A1 14000 Reaffirmed
Skyways Air Services Pvt Ltd LT Bk Fac CARE BBB+ 830 Assigned
Smc Infrastructure Pvt Ltd LT Bk Fac (Fund CARE A- 912.5 Reaffirmed
Based CC Limits)
(enhanced from 61.25 Crore)
South India Corpn Pvt Ltd LT Bk Fac CARE A 1650 Reaffirmed
(enhanced from Rs.130 crore Crore)
South India Corpn Pvt Ltd LT/ST BkFac CARE A/A1 1879 Reaffirmed
(enhanced from Rs.147.90 crore Crore)
Sowil Ltd LT Bk Fac CARE BB+ 70 Reaffirmed
Spectra Realcon Llp LT Bk Fac CARE D 162.4 -
Issuer not cooperating
Sri Balaji Vidyapeeth LT Bk Fac CARE BB+ 191 Reaffirmed
Sri Shankara Cancer Foundation LT Bk Fac- TL# - - Withdrawn
Sri Shankara Cancer Foundation LT Bk Fac- LOC# - - Withdrawn
Sri Shankara Cancer Foundation LT Bk Fac CARE BBB 120.5 Revised from
CARE BBB-,
Stable (Triple B
Minus
(Reduced from Rs. 22 crore Crore)
Sri Vengamamba Hotels And Resorts Long -term BkFac CARE BB- 47.5 -
Issuer not cooperating
Srm Hotels Pvt Ltd LT Bk Fac CARE BB- 732.9 Revised from
CARE B+
Standard Casting Pvt Ltd LTBk Fac CARE B 40 -
Issuer not cooperating
Standard Casting Pvt Ltd LT/STBk Fac CARE B/A4 70 -
Issuer not cooperating
Steel Forge And Cast Industries LT/ Shortterm Bk CARE BB+/A4+ 60 Revised from
Fac CARE BB
Sumeru Microwave Communications Pvt LT Bk Fac CARE B+ 47.8 -
Ltd
Issuer not cooperating
Sun Polytex Pvt Ltd LT Bk Fac CARE BBB+ - Revised from
CARE BBB+
Sun Polytex Pvt Ltd LT/ST BkFac CARE BBB+/A2 100 Revised from
CARE BBB+
Sun-N-Sand Hotels Pvt Ltd LT Bk Fac CARE AA- 7.7 Reaffirmed
Talettutayi Solar Projects Pvt Ltd LT Bk Fac CARE BBB 590.6 Reaffirmed
(enhanced from Rs.53.35 crore Crore)
Talettutayi Solar Projects Six Pvt LtdLT Bk Fac CARE BBB 590.6 Reaffirmed
(enhanced from Rs.53.35 crore Crore)
Taneja Aerospace And Aviation Ltd LT Bk Fac CARE C 361 Revised from
CARE D
Tata Steel Bsl Ltd LT Bk Fac - TL CARE AA 190000 Reaffirmed
(reduced from 21,000.00 Crore)
Tata Steel Bsl Ltd LT/ST Bk Fac - CARE AA/A1+ 50000 -
Fund based/Nonfund
based
Teach For India Education And ResearchLT Bk Fac CARE BBB- 79.5 Reaffirmed
Samiti
(reduced from Rs.10.10 crore Crore)
Teemage Builders Pvt Ltd LT Bk Fac CARE BBB- 982.8 Reaffirmed
(decreased from 100.00 Crore)
Texspin Bearings Ltd LT Bk Fac - - Withdrawn
The All India Federation Of EducationaLT Bk Fac CARE BBB- 170 Reaffirmed
Association
The Andhra Pradesh Mineral DevelopmentIssuer Rating CARE AA (Is) - Reaffirmed
Corporation Ltd
The Motwane Manufacturing Company Pvt LT Bk Fac CARE BBB- 62.5 Reaffirmed
Ltd
The Nagpur Pallottine Society LT Bk Fac CARE BB 45.7 Reaffirmed
(reduced from Rs. 362.50 crore Crore)
The Punjab State Co-Operative Supply LT Bk Fac CARE BB+ 7500 Reaffirmed
And Marketing Federation Ltd (Markfed)
Tp Ajmer Distribution Ltd LT BkFac CARE A/(Single 1000 Assigned
A/Outlook: /)
Tractors India Pvt Ltd LT Bk Fac - - Withdrawn
Tractors India Pvt Ltd Long/ST Bk Fac - - Withdrawn
Trinayani Cement Pvt Ltd LT Bk Fac CARE BB+ 100 Reaffirmed
U.B. Cotton Pvt Ltd Long/ST BkFac CARE BBB/CARE 370 Reaffirmed
A3+ (Triple
B/Outlook: /A Three Plus)
(reduced from 42.00 Crore)
Ual Industries Ltd LT Bk Fac CARE A+ 785 Revised from
CARE A
Um Cables Ltd LT Bk Fac CARE BBB+ 432.9 Reaffirmed
V.R.K. Associates Pvt Ltd LT BkFac CARE B- 120 Revised from
CARE D
V.Sathyamoorthy & Co LT Bk Fac CARE BB+ 250 Reaffirmed
Vardhman Textile Components Ltd LT Bk Fac CARE BBB+ 133.5 Revised from
CARE BBB
(reduced from 14.04 Crore)
Vasantha Industries Ltd LT BkFac CARE BBB- 1731.2 Reaffirmed
(reduced from 193.28 Crore)
Vbs Textiles Pvt Ltd LT Bk Fac CARE B+ 410 Reaffirmed
(reduced from 44.00 Crore)
Venus Pipes And Tubes Pvt Ltd LT Bk Fac CARE BB- 153.1 -
Issuer not cooperating
Vijay Ship Breaking Corporation LT/ STBk Fac CARE BB/A4 45 Reaffirmed
(Double
B/Outlook: /A Four)
Vijay Solvex Ltd LT Bk Fac CARE BBB- 270 Reaffirmed
Vinayak Education Society LT Bk Fac CARE BB 76 -
Issuer not cooperating
Visakha Container Terminal Pvt Ltd LT Bk Fac CARE A- 2387.6 Reaffirmed
(reduced from 274.11 Crore)
Visakha Container Terminal Pvt Ltd Long/ST BkFac CARE A-/A2 496.6 Reaffirmed
(enhanced from 18.00 Crore)
Vishakha Renewables Pvt Ltd LT Bk Fac CARE BBB- (SO) 378.5 Reaffirmed
(reduced from 39.79 Crore)
Vishakha Renewables Pvt Ltd LT / STBk Fac CARE BBB- 80 Reaffirmed
(SO)/A3 (SO)
(reduced from 18.00 Crore)
Vyankatesh Metals And Alloys Pvt Ltd LT Bk Fac CARE B 45 “Issuer not
cooperating
Issuer not cooperating
Western Andhra Tollways Ltd LT BkFac - - Withdrawn
Western Andhra Tollways Ltd NCDs CARE AA+(SO) 935 Revised from
CARE AA-
Yantra Kaushalya Engineers Pvt Ltd LT Bk Fac - - Withdrawn
Yantra Kaushalya Engineers Pvt Ltd LT / ST Bk Fac - - Withdrawn
Yantra Kaushalya Engineers Pvt Ltd ST Bk Fac - - Withdrawn
Yarrow Infrastructure Pvt Ltd LT Fac CARE BBB+ 5183.5 Reaffirmed
(reduced from 536.50 Crore)
Yash Appliances LT Bk Fac CARE BBB- 80 Reaffirmed
Zonac Knitting Machines Pvt Ltd LT Bk Fac CARE BBB+ 186.3 Reaffirmed
Zonac Knitting Machines Pvt Ltd Long / ST Bk Fac CARE BBB+/A2 40 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
