0
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for
local debt instruments as of December 21, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Associated Toolings India Pvt Ltd ST Bk Fac CARE A4 58 Reaffirmed
Balasaheb R Bhadane ST Bk Fac CARE A4 30 -
(Issuer Not Cooperating)
Enn Aar Poles ST Bk Fac CARE A4 50 -
(Issuer Not Cooperating)
Ferozepur Foods Energy Pvt Ltd ST Bk Fac CARE A4 6.9 -
(Issuer Not Cooperating)
Firstsource Solutions Ltd ST Bk Fac CARE A1+ 400 Reaffirmed
Firstsource Solutions Ltd CP* CARE A1+ 500 Reaffirmed
*carved out of sanctioned working capital limits
Goyal Sons ST Bk Fac CARE A4 5 -
(Issuer Not Cooperating)
Jindal Prl Infrastructure (Joint ST Bk Fac CARE A4 120 -
Venture)
(Issuer Not Cooperating)
Jyothy Labs Ltd CP CARE A1+ 1000 Reaffirmed
Krishi Rasayan ST Bk Fac CARE A3+ 400 Reaffirmed
Mayur Leather Products Ltd ST Bk Fac CARE D 10.5 -
(Issuer Not Cooperating)
Modern Dairies Ltd ST Bk Fac CARE D 41 -
(Issuer Not Cooperating)
Namdhari Rice And General Mills ST Bk Fac CARE D 15 -
(Issuer Not Cooperating)
Nahar Poly Films Ltd ST Bk Fac CARE A2+ 150 Reaffirmed
(reduced from 21.00 Crore)/Removed from Credit Watch with Developing Implications
Point Textiles Pvt Ltd ST Bk Fac CARE A4; 15 -
(Issuer Not Cooperating)
Premier Plastic Industries ST BkFac CARE A4 130 -
(Issuer Not Cooperating)
Raghunath Exports Pvt Ltd ST Bk Fac CARE A4 150 Reaffirmed
Singan Projects Ltd ST Bk Fac CARE D 215 -
(Issuer Not Cooperating)
Shiva Texyarn Ltd ST Bk Fac CARE A3 400 Reaffirmed
(Reduced from 50.00 Crore)
Veerabhadra Exports Pvt Ltd ST Bk Fac CARE A3 40 Reaffirmed
Veerabhadra Exports Pvt Ltd ST Bk Fac CARE A3 40 Revised from
CARE BBB-;
Stable / CARE A3
LONG TERM RATINGS:
-------------------
Associated Toolings India Pvt Ltd LT Bk Fac - - Withdrawn
Associated Toolings India Pvt Ltd LT Bk Fac CARE B+/ Stable81 Reaffirmed
Balasaheb R Bhadane LT Bk Fac Withdrawn - Withdrawn
Bharat Ispat Udyog (Prop. Impression LT Bk Fac CARE BB+/ 100 Reaffirmed
Securities Pvt Ltd) Stable
Elnet Technologies Ltd Issuer Rating CARE A- (Is)/ - Reaffirmed
Stable
Emami Realty Ltd LT Bk Fac CARE BBB-/ 1600 Assigned
Stable
Enn Aar Poles LT Bk Fac CARE B-/ Stable50 Revised from
CARE B;Stable
(Issuer Not Cooperating)
Firstsource Solutions Ltd LT / ST BkFac CARE A+/ 3110 Reaffirmed
Stable /CARE
A1+
Fpl Automobiles Pvt Ltd LT Bk Fac CARE B/ Stable 130 Revised from
CARE B+;
Stable
(Issuer Not Cooperating)
Goyal Sons LT Bk Fac CARE B+/ Stable45 Revised from
CARE BB-;
Stable
(Issuer Not Cooperating)
Indian Renewable Energy Development LT bonds (IREDA CARE AA+/ 7000 Reaffirmed
Agency Ltd Green Bonds) Stable
Indian Renewable Energy Development LT bonds CARE AAA(CE)/ 18076.5 Reaffirmed
Agency Ltd Stable
(reduced from 1,957.65 Crore)
Indian Renewable Energy Development LT Bonds: GoIFully CARE AAA/ 40000 Reaffirmed
Agency Ltd serviced Bonds Stable
Indigo Facility Services Pvt Ltd LT BkFac CARE B-/ Stable108.5 Revised from
CARE B; Stable
(Issuer Not Cooperating)
Ivrcl Chengapalli Tollways Ltd LT Bk Fac CARE D 8619 -
(Issuer Not Cooperating)
Jindal Prl Infrastructure (Joint LT Bk Fac CARE B/ Stable 30 Revised from
Venture) CARE B+;
Stable;
(Issuer Not Cooperating)
Joshi Auto Wheels Pvt Ltd LT Bk Fac CARE C 80 Revised from
CARE B
(Issuer Not Cooperating)
Jyothy Labs Ltd LT BkFac CARE AA/ 3125 Reaffirmed
Stable
(Reduced from Rs.380.35 crore Crore)
Kcc Lateri Expressway Pvt Ltd LT Bk Fac CARE A-/ Stable689.2 Reaffirmed
(Reduced from 74.23 Crore)
Krishi Rasayan LT Bk Fac CARE BBB/ 360 Reaffirmed
Stable
Krishi Rasayan LT / ST BkFac CARE BBB/ 140 Reaffirmed
Stable /CARE
A3+
Luker Electric Technologies Pvt Ltd LT Bk Fac CARE BBB/ 300 Assigned
Stable
Maxtar Bio Genics LT Bk Fac CARE B-; 100 Revised from
CARE B;
(Issuer Not Cooperating)
Mayur Leather Products Ltd LT Bk Fac CARE D 6.6 -
(Issuer Not Cooperating)
Mayur Leather Products Ltd LT / ST Bk Fac CARE D /CARE D 80 -
(Issuer Not Cooperating)
Modern Dairies Ltd LT Bk Fac CARE D 1212.5 -
(Issuer Not Cooperating)
Nahar Poly Films Ltd LT Bk Fac CARE A-/ 2320 Reaffirmed
Stable
Removed from Credit Watch with Developing Implications;Stable outlook assigned
Namdhari Rice And General Mills LT Bk Fac CARE D 115 -
(Issuer Not Cooperating)
Nasa Brain And Spine Center LT / ST Bk Fac CARE B-/ 100 Revised from
Stable /CARE A4 CARE B;
Stable / CARE A4
(Issuer Not Cooperating)
Nikkamal Jewellers Pvt Ltd LT Bk Fac CARE B-/ Stable180 Revised from
CARE B;Stable
(Issuer Not Cooperating)
Octal Sales Pvt Ltd LT Bk Fac CARE BB-/ 70 Assigned
Stable
Om Metals Infraprojects Ltd LT Bk Fac CARE BBB-/ 1010 Reaffirmed
Stable
(Reduced from 114.60 Crore)
Om Metals Infraprojects Ltd LT / ST Bk Fac CARE BBB-/ 6370 Reaffirmed
Stable /CARE A3
Panvelkar Infrastructures Pvt Ltd LT Bk Fac CARE B+/ Stable13.1 Assigned
Panvelkar Infrastructures Pvt Ltd LT Bk Fac CARE B+/ Stable135.2 Reaffirmed
(Reduced from 15.75 Crore)
Point Textiles Pvt Ltd LT Bk Fac CARE B-; 176.4 Revised from
Stable; CARE
B; Stable;
(Issuer Not Cooperating)
Prem Industries_(Karnal) LT Bk Fac CARE B/ Stable 96.1 Revised from
CARE B+;
Stable
(Issuer Not Cooperating)
Premier Plastic Industries LT BkFac CARE B-/ Stable58 Revised from
CARE B; Stable
(Issuer Not Cooperating)
R.S.Fuel Pvt Ltd LT Bk Fac CARE BB 49 Revised from
CARE BB+
(Issuer Not Cooperating)
R.S.Fuel Pvt Ltd LT / ST Bk Fac CARE BB /CARE 250 Revised from
A4 CARE BB+ /
CARE A4+
(Issuer Not Cooperating)
Radhegovindkripa Developers Pvt Ltd LT Bk Fac CARE BB-/ 490 Reaffirmed
Negative
(Reduced from 49.75 Crore) /Outlook revised from Stable
Robo Silicon Pvt Ltd LT BkFac CARE BB+/ 503.6 Reaffirmed
Stable
Salasar Balaji Industries LT Bk Fac CARE B+ 150 -
(Issuer Not Cooperating)
Sarathi Trust December 2020 OriginatorSeries A PTC ProvCARE - -
Centrum Microcredit Ltd A- (SO)-
Save Solutions Pvt Ltd NCDs CARE BBB-/ 750 Assigned
Stable
Shirish Hotels Pvt Ltd LT Bk Fac CARE B-/ Stable128.5 Revised from
CARE B;Stable
(Issuer Not Cooperating)
Shiva Texyarn Ltd LT Bk Fac CARE BBB-/ 1247 Reaffirmed
Stable
(Reduced from 139.55 Crore)
Shiva Texyarn Ltd LT / ST BkFac CARE BBB-/ 700 Reaffirmed
Stable /CARE A3
Singan Projects Ltd LT Bk Fac CARE D 330 -
(Issuer Not Cooperating)
Sri Subam Textiles LT Bk Fac CARE BB-/ 132.2 Revised from
Stable CARE B+;
Stable
(Rating removed from Issuer Not Cooperating category)
Sudharma Infratech Pvt Ltd LT Bk Fac CARE BB-/ 80 Revised from
Stable CARE BB;
Stable
(Issuer Not Cooperating)
Sudharma Infratech Pvt Ltd LT/ST Bk Fac CARE BB-/ 162.5 Revised from
Stable /CARE A4 CAREBB;
Stable /CARE A4;
(Issuer Not Cooperating)
Tipsons Financial Services Pvt Ltd LT Bk Fac CARE A+ (SO)/ 2000 Reaffirmed
Stable
Ultra Space Developers Pvt Ltd LT Bk Fac CARE D 2000 -
(Issuer Not Cooperating)
Veerabhadra Exports Pvt Ltd LT Bk Fac CARE BBB-/ 253.1 Reaffirmed
Stable
Veerabhadra Exports Pvt Ltd LT / ST Bk Fac CARE BBB-/ 600 Reaffirmed
Stable /CARE A3
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
Source: reuters
