CARE ratings for Indian debt instruments-Jun 19
49
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 18, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Aquafil Polymers Company Pvt Ltd ST Bk Fac CARE D 170
(ISSUER NOT COOPERATING)
Indiamco ST Bk Fac CARE D 145
(ISSUER NOT COOPERATING)
Jindal (India) Ltd ST Bk Fac - - Withdrawn
Mynor Enterprises Pvt Ltd ST Bk Fac CARE A4 70 Assigned
Pegma Resources Pvt Ltd ST BkFac CARE A4 25 Assigned
Sankar Marine Aquarium ST Fac CARE A4 3 Assigned
Sns Starch Ltd ST Bk Fac CARE D 95
(ISSUER NOT COOPERATING)
LONG TERM RATINGS:
-------------------
Amreli Renewable Energy Pvt Ltd LT Bk Fac CARE BBB+ 1550 Reaffirmed
(enhanced from 141.00 Crore)
Aquafil Polymers Company Pvt Ltd Long- term Bk Fac CARE D 311.9
(ISSUER NOT COOPERATING)
Avani Textiles Ltd LT Bk Fac CARE D 105.9 Assigned
Avani Textiles Ltd LT/ ST Bk Fac CARE D 330 Assigned
Baba Bhubaneswar Cold Storage Pvt Ltd LT BkFacility CARE B 72.4 Reaffirmed
(Reduced from 8.13 Crore)
Dakshin Odisha Urja Pvt Ltd LT Bk Fac CARE BBB- 1900 Assigned
Dev Cotex Pvt Ltd Long- term Bk Fac CARE D 100
(ISSUER NOT COOPERATING)
Fourth Dimension Solution Ltd. LT /ST Bk Fac CARE BB /A4* 1000 Revised from
CARE
BBB-/CARE A3
*Under credit watch with Negative Implications
Gayatri Vidya Parishad LT Bk Fac CARE D 887.2 Revised from
CARE BB
Greenko Energies Pvt Ltd Proposed NCD issue CARE A+ 2000 Assigned
Hooghly Infrastructure Pvt Ltd LT Bk Fac CARE A- 134.7 Reaffirmed
(reduced from 16.91 Crore)
Hooghly Infrastructure Pvt Ltd LT/ST BkFac CARE A-/A2+ 500 Reaffirmed
(enhanced from 44.00 Crore)
Jindal (India) Ltd LT Bk Fac - - Withdrawn
Mahalaxmi Industries LT Bk Fac CARE B+ 67.6 Assigned
Manifold Agricrops Pvt Ltd LT Bk Fac - - Withdrawn
Mynor Enterprises Pvt Ltd LT Bk Fac CARE B+ 20 Assigned
Padmavati Ginning And Pressing Pvt LtdLT Bk Fac CARE B 70
(ISSUER NOT COOPERATING)
Palimarwar Solar Project Pvt Ltd LT Bk Fac - - Withdrawn
Parmarth Wind Energy Pvt Ltd LT Bk Fac - - Withdrawn
Pegma Resources Pvt Ltd LT BkFac CARE BB- 65.4 Reaffirmed
Pegma Resources Pvt Ltd LT / Shortterm Bk CARE BB-/A4 115 Reaffirmed
Fac
Sai Venkatarama Oil And Agro Products LT Bk Fac CARE B+ 60 Assigned
Sankar Marine Aquarium LT Bk Fac CARE B+ 80.5 Assigned
Shree Ram Brinechem Pvt Ltd LT Bk Fac CARE B+ 60 Revised from
CARE B
Sidhidata Solar Urja Ltd LT Bk Fac - - Withdrawn
Sns Starch Ltd LT Bk Fac CARE D 609.3
(ISSUER NOT COOPERATING)
Themis Medicare Ltd LT Bk Fac CARE D 148.5 Revised from
CARE BB
Themis Medicare Ltd LT/ST Bk Fac CARE D 801.5 Revised from
CARE BB
/CARE A4
Vento Power & Energy Ltd LT Bk Fac CARE BBB- 1900 Assigned
Wellbore Engineering Company LT Bk Fac CARE BB- 90 Assigned
--------------------------------------------------------------------------------------------
$: 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: reuters
