0
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of December 4, 2020 and December 5, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
A-1 Chips And Exports India Pvt Ltd ST Bk Fac CARE A4 2.7 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Aadarsh Pvt Ltd ST Bk Fac CARE A4 35 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Alpex Solar Pvt Ltd ST Bk Fac CARE A4 170 Assigned
Ashoka Manufacturing Pvt Ltd ST Bk Fac CARE A4 35 Reaffirmed
Bajaj Energy Ltd Bk Fac – non fund CARE A4+ 260 -
based – ST – BG/ LC
(Revised from CARE A4 )
Ganpati Foods ST Bk Fac CARE A4 100 Reaffirmed
(Reduced from 16.00 Crore) )
Indian Railway Finance Corporation Ltd ST Market CARE A1+ 80000 Reaffirmed
(Irfc) Borrowing
Programme (FY’17)^
(^ currently no ISIN assigned as mentioned by the company )
Indian Railway Finance Corporation Ltd ST Market CARE A1+ 120000 Reaffirmed
(Irfc) Borrowing
Programme (FY’18)^
(^ currently no ISIN assigned as mentioned by the company )
Indian Railway Finance Corporation Ltd CP Issue CARE A1+ 150000 Reaffirmed
(Irfc)
K.H.T Agencies Pvt Ltd ST Bk Fac CARE A4 658.7 Reaffirmed
(Rating removed from ISSUER NOT COOPERATING category and Reaffirme,
(Enhanced from 37.00 Crore))
Lakshmi Saraswathi Textiles ST Bk Fac CARE A4 52 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Laxmi Garments ST Bk Fac CARE A4 106.9 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
P&C Projects Pvt Ltd ST Bk Fac - - -
(Rating continues to remain under ISSUER NOT COOPERATING category; Reaffirmed and Withdrawn )
Neilsoft Pvt Ltd ST Bk Fac CARE A2+ 30 -
(Revised from CARE A2 )
Prathvi Infrastructure Pvt Ltd ST Bk Fac CARE A4 30 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Rayalaseema Steel Re Rolling Mills Pvt ST Bk Fac CARE A4 30 Reaffirmed
Ltd
Rhythm Knit India Pvt Ltd ST Bk Fac CARE A4 30 Assigned
Rohan Builders (India) Pvt Ltd ST Bk Fac Non-FBL CARE A2+ 1380 Reaffirmed
S A Mulla ST Bk Fac CARE A4 60 -
(Rating moved to ISSUERNOT COOPERATING category)
Sai Constructions_Hyderabad ST Bk Fac CARE A4 50 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Shreem Electric Ltd ST Bk Fac CARE A4 3995 Reaffirmed
(Reduced from 635.00 Crore)
Softtech Engineers Ltd ST Bk Fac CARE A3 116.8 Reaffirmed
The Sukhjit Starch And Chemicals Ltd ST Bk Fac CARE A1 900 Reaffirmed
(Reduced from 91.00 Crore)
MEDIUM TERM RATINGS:
-------------------
The Sukhjit Starch And Chemicals Ltd Fixed Deposit CARE A (FD); 753.2 -
Stable
(Revised from CARE A+ ;(Enhanced from 70.00 Crore)
LONG TERM RATINGS:
-------------------
A-1 Chips And Exports India Pvt Ltd LT Bk Fac CARE B+ 50.2 -
(Rating continues to remain under ISSUER NOTCOOPERATING category and Revised from CARE BB-)
Aadarsh Pvt Ltd LT Bk Fac CARE BB-; 70 -
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB)
Alpex Solar Pvt Ltd LT Bk Fac CARE B+/ Stable 120 Assigned
Andhra Paper Ltd (Erstwhile LT Bk Fac CARE AA-; 100 Reaffirmed
International Paper Appm Ltd) Stable
Andhra Paper Ltd (Erstwhile LT/ST Bk Fac CARE AA-; 450 Reaffirmed
International Paper Appm Ltd) Stable/CARE A1+
Aptus Finance India Pvt Ltd LT Bk Fac CARE A+; 2500 Reaffirmed
Stable
Aptus Finance India Pvt Ltd NCD-I CARE A+; 500 Reaffirmed
Stable
Aptus Finance India Pvt Ltd NCD-II CARE A+; 250 Reaffirmed
Stable
Aptus Value Housing Finance India Ltd LT Bk Fac CC - - Withdrawn
Aptus Value Housing Finance India Ltd LT Bk Fac TL CARE A+;Stable 10000 Reaffirmed
Aptus Value Housing Finance India Ltd NCDs issue-I CARE A+; 997 Reaffirmed
Stable
Aquarelle India Pvt Ltd LT Bk Fac CARE BBB; 500 Reaffirmed
Stable
Aquarelle India Pvt Ltd LT/ST Bk Fac CARE BBB; 580 Reaffirmed
Stable /CARE
A3+
Ashoka Manufacturing Pvt Ltd LT Bk Fac CARE BB-; 65.5 Reaffirmed
Stable
(reduced from 7.24 Crore)
Bajaj Energy Ltd Bk Fac – fund CARE BB+; 11854.8 -
based – LT – TL Stable
(Revised from CARE B+; Stable. (increased from 1,159.15 Crore)
Bajaj Energy Ltd Bk Fac – fund CARE BB+; 6287.3 -
based – LT/ST – CC Stable/CARE A4+
(Revised from CARE B+; Stable, (increased from 563.58 Crore)
Bhopal Garage And Service Station LT Bk Fac CARE B 150.9 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B+)
Burckhardt Compression India Pvt Ltd LT/ ST Bk Fac CARE A; 307.5 Reaffirmed
Stable/CARE A1
Cold Care Technologies Pvt Ltd LT Bk Fac CARE B-; Stable 97.5 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B;
Stable)
Deccan Hyderabad Tradeimpex Pvt Ltd ST Bk Fac CARE D; 100 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Epl Ltd Proposed NCD (NCD)CARE AA; Stable 500 Assigned
Equitas Small Finance Bank Ltd Subordinate Debt CARE A+; 300 Reaffirmed
(EMFL) Stable
Finova Capital Pvt Ltd LT Bk Fac CARE BBB+/ 3650 -
Stable
(Revised from CARE BBB; Stable )
Finova Capital Pvt Ltd NCDs CARE BBB+/ 150 -
Stable
(Revised from CARE BBB; Stable )
Food Corporation Of India Bonds (Series VI) CARE AAA (CE);80000 Reaffirmed
Stable
Food Corporation Of India Bonds (Series VII)CARE AAA (CE);80000 Reaffirmed
Stable
Food Corporation Of India Bonds (Series VIIICARE AAA (CE);80000 Reaffirmed
Stable
Food Corporation Of India Bonds (Series IX) CARE AAA (CE);80000 Reaffirmed
Stable
Gali Jagadish Chandra Prakash LT Bk Fac CARE B-; Stable 55.3 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Ganpati Foods LT Bk Fac CARE BB-; 180 Reaffirmed
Stable
(Enhanced from 14.00 Crore) )
Indian Railway Finance Corporation Ltd LT Market CARE AAA/Stable 549400 Reaffirmed
(Irfc) Borrowing
Programme (FY’19)
Indian Railway Finance Corporation Ltd Market Borrowing CARE AAA/Stable 580000Reaffirmed
(Irfc) Programme (FY’21)
Indian Railway Finance Corporation Ltd Market Borrowing CARE 15700 Reaffirmed
(Irfc) Programme (FY’07) AAA/Stable
Indian Railway Finance Corporation Ltd Market Borrowing CARE 24210 Reaffirmed
(Irfc) Programme (FY’08) AAA/Stable
Indian Railway Finance Corporation Ltd Market Borrowing CARE 48790 Reaffirmed
(Irfc) Programme (FY’09) AAA/Stable
Indian Railway Finance Corporation Ltd Market Borrowing CARE 45298.3 Reaffirmed
(Irfc) Programme (FY’10) AAA/Stable
Indian Railway Finance Corporation Ltd Market Borrowing CARE 57314.7 Reaffirmed
(Irfc) Programme (FY’11) AAA/Stable
Indian Railway Finance Corporation Ltd Market Borrowing CARE 113850 Reaffirmed
(Irfc) Programme (FY’12) AAA/Stable
Indian Railway Finance Corporation Ltd LT Market CARE 81060.4 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’13)
Indian Railway Finance Corporation Ltd LT Market CARE 88283.4 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’14)
Indian Railway Finance Corporation Ltd LT Market CARE 26250 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’15)^
(^ currently no ISIN assigned as mentioned by the company )
Indian Railway Finance Corporation Ltd LT Market CARE 192000 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’16)
Indian Railway Finance Corporation Ltd LT Market CARE 409850 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’17)
Indian Railway Finance Corporation Ltd LT Market CARE 400000 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’18)
Indian Railway Finance Corporation Ltd LT Market CARE 554710 Reaffirmed
(Irfc) Borrowing AAA/Stable
Programme (FY’20)
Invicon Homes Pvt Ltd LT Bk Fac CARE BB/ 552.5 Assigned
Stable
K.H.T Agencies Pvt Ltd LT Bk Fac CARE B+; 446.6 -
Stable
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE B; Stable;
(Reduced from 53.06 Crore))
Kc Maritime (India) Ltd LT Bk Fac – TL CARE BBB+; 780.1 Reaffirmed
Stable
(Reduced from 81.51 Crore)
Kosamattam Finance Ltd NCD Issue-II - - Withdrawn
Kosamattam Finance Ltd NCD Issue-V - - Withdrawn
Kosamattam Finance Ltd NCD Issue-VIII - - Withdrawn
Kosamattam Finance Ltd Subordinated Debt - - Withdrawn
– I
Kosamattam Finance Ltd NCD Issue-IV CARE BBB; 195.1 -
Stable
(Revised from CARE BBB-; Stable)
Kosamattam Finance Ltd NCD Issue-VI CARE BBB; 406.4 -
Stable
(Revised from CARE BBB-; Stable)
Kosamattam Finance Ltd NCD Issue-VII CARE BBB; 337.1 -
Stable
(Revised from CARE BBB-; Stable)
Kosamattam Finance Ltd Subordinated Debt CARE BBB; 100 -
– II Stable
(Revised from CARE BBB-; Stable)
Kosamattam Finance Ltd Subordinated Debt CARE BBB; 300 -
– III Stable
(Revised from CARE BBB-; Stable)
Kosamattam Finance Ltd Subordinated Debt CARE BBB; 247.9 -
– IV Stable
(Revised from CARE BBB-; Stable)
Kushtagi Solar Power Pvt Ltd LT BkFac CARE A-; 506 -
Stable
(Revised from CARE BBB- and removed from Credit watch with Developing Implications;
Stable outlook assigned, (Reduced from 58.50 Crore)
Lakshmi Saraswathi Textiles LT Bk Fac CARE B- 8.4 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Laxmi Garments LT Bk Fac CARE B- 3.1 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B)
Neilsoft Pvt Ltd LT Bk Fac CARE A; Stable 580.6 -
(Revised from CARE A-; (Reduced from 58.77 Crore)
Njt Finance Pvt Ltd LT BkFac CARE B+; Stable 245 -
(Revised from CARE BB-; Stable and moved to ISSUER NOT COOPERATING category )
Nvr Renew Pvt Ltd LT Bk Fac CARE BBB (CE);740 -
Stable
(Rating removed from ISSUER NOT COOPERATING category and Revised from CARE BBB- (CE); Stable,
(Reduced from 78.63 Crore)
P&C Projects Pvt Ltd LT Bk Fac - - -
(Rating continues to remain under ISSUER NOT COOPERATING category; Reaffirmed and Withdrawn)
P&C Projects Pvt Ltd Long/Short Term - - -
Bk Fac
(Rating continues to remain under ISSUER NOT COOPERATING category; Reaffirmed and Withdrawn)
Ppn Power Generating Company Pvt Ltd LT Bk Fac CARE B+; 1748.5 -
Stable
(Revised from CARE D, (Reduced from 285.35 Crore)
Ppn Power Generating Company Pvt Ltd LT / ST Bk Fac CARE B+; 495 -
Stable /CARE A4
(Revised from CARE D / CARE D , (Reduced from 137.00 Crore)
Prathvi Infrastructure Pvt Ltd LT Bk Fac CARE BB-; 50 -
Stable;
(Rating continues to remain under ISSUER NOT COOPERATING category and
Revised from CARE BB; Stable;)
Radharaman Cotgin Pvt Ltd LT Bk Fac CARE D 90 -
(Revised from CARE B+)
Rayalaseema Steel Re Rolling Mills Pvt LT Bk Fac CARE BB-; 270 Reaffirmed
Ltd Stable
Real Constructions LT Bk Fac CARE B; Stable 100 -
(Rating continues to remain under ISSUER NOT COOPERATING category and
Revised from CARE BB; Stable)
Renew Wind Energy (Jadeswar) Pvt Ltd LT Bk Fac CARE BBB+; 391.6 Assigned
Stable
Rhythm Knit India Pvt Ltd LT Bk Fac CARE BB; 120 Assigned
Stable
Rohan Builders (India) Pvt Ltd LT Bk Fac FB Led CARE BBB+; 300 Reaffirmed
Positive
S A Mulla LT Bk Fac CARE B-; Stable 50 -
(Rating moved to ISSUERNOT COOPERATING category)
Sai Constructions_Hyderabad LT Bk Fac CARE B-; Stable 10 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B;
Stable)
Shree Vardhman Buildprop Pvt Ltd NCDs CARE D 350 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Shree Vardhman Infraheights Pvt Ltd NCDs CARE D 1400 -
(Rating continues to remain under ISSUER NOT COOPERATING category )
Shreem Electric Ltd LT Bk Fac CARE BB; 219.5 Assigned
Stable
Shreem Electric Ltd LT Bk Fac CARE BB; 2840 Reaffirmed
Stable
(Reduced from 290.00 Crore)
Skipper Ltd LT Bk Fac - - -
(Reaffirmed and Withdrawn)
Skipper Ltd LT/ST Bk Fac - - -
(Reaffirmed and Withdrawn)
Softtech Engineers Ltd LT Bk Fac CARE BBB-; 60 Reaffirmed
Stable
Srinivasan Associates Pvt Ltd LT Bk Fac CARE BB- 100 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB)
Sukhjit Mega Food Park & Infra Ltd LT Bk Fac CARE A (CE)/ - Revised from
Stable CARE A+
Supreme Agro Products LT Bk Fac CARE BB-; 86.6 Reaffirmed
Stable
(Reduced from 9.00 Crore)
The Sukhjit Starch And Chemicals Ltd LT Bk Fac CARE A; Stable 2913.2 -
(Revised from CARE A+; (Reduced from 295.00 Crore)
--------------------------------------------------------------------------------------------
$: 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
tags:
CARE RATINGS
