CARE ratings for Indian debt instruments-Jun 29
44
0
Jun 29 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of June 28, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Amarraja Constructions ST Bk Fac CARE A4 15 Assigned
Amp Solar Solutions Pvt Ltd ST Bk Fac – LOC - - Withdrawn*
* CARE has withdrawn the rating assigned to the Short Term Bank facilities of AMP Solar
Solutions Private Ltd. with immediate effect, as the company has repaid the aforementioned bank
facilities in full and there is no amount outstanding under these facilities as on date.
Amp Solar Solutions Pvt Ltd ST Bk Fac – - - Withdrawn*
Overdraft
* CARE has withdrawn the rating assigned to the Short Term Bank facilities of AMP Solar
Solutions Private Ltd. with immediate effect, as the company has repaid the aforementioned bank
facilities in full and there is no amount outstanding under these facilities as on date.
Amp Solar Solutions Pvt Ltd ST Bk Fac – LOC - - Withdrawn*
* CARE has withdrawn the rating assigned to the Short Term Bank facilities of AMP Solar
Solutions Private Ltd. with immediate effect, as the company has repaid the aforementioned bank
facilities in full and there is no amount outstanding under these facilities as on date.
Amp Solar Solutions Pvt Ltd ST Bk Fac – - - Withdrawn*
Forward Contract
* CARE has withdrawn the rating assigned to the Short Term Bank facilities of AMP Solar
Solutions Private Ltd. with immediate effect, as the company has repaid the aforementioned bank
facilities in full and there is no amount outstanding under these facilities as on date.
Meena Jewellers & Diamonds Pvt Ltd ST Bk Fac CARE D 50 Revised from
CARE A4
(Issuer not cooperating)
Meena Jewellers Pvt Ltd ST Bk Fac CARE D 50 Revised from
CARE A4
(Issuer not cooperating)
Parker Tiles Pvt Ltd ST Bk Fac CRE A4 43 -
(Issuer not cooperating)
Today Footwear Pvt Ltd ST Bk Fac CARE A4 15 Assigned
Viral Corporation India Pvt Ltd ST Bk Fac CARE A4 60 Reaffirmed
(ISSUER NOT COOPERATING)
LONG TERM RATINGS:
-------------------
Amarraja Constructions LT Bk Fac CARE B+ 50 Assigned
Amp Solar Solutions Pvt Ltd LT Bk Fac CARE BBB 1220 Assigned
Catwalk Worldwide Pvt Ltd Proposed LT Bk CARE BBB- 300 Assigned
facility
Devghar Ispat LT Bk Fac CARE B+ 85 Assigned
Dhfl Direct Assignment March 2012–I Assignee Payouts CARE AAA - Reaffirmed
Dhfl Direct Assignment March 2012–II Assignee Payouts CARE AAA - Reaffirmed
Dhfl Direct Assignment March 2012–III Assignee Payouts CARE AAA - Reaffirmed
Fabworth Promoters Pvt Ltd LT Bk Fac - - Withdrawn
Fairchem Speciality Ltd LT (LT) Bk Fac CARE A 834.3 Revised from
CARE A-
Fairchem Speciality Ltd LT/ Shortterm (ST) CARE A/A1 25 Revised from
Bk Fac CARE A-/CARE
A1
Hindustan Enviro Life Protection LT Bk Fac CARE BB- 90 -
Services Ltd
(Issuer not cooperating)
Indian Overseas Bank Basel III - - Withdrawn
Compliant
Additional Tier I Bonds
Karthikeya Agro Industries LT Bk Fac CARE B+ 92.3 Reaffirmed
(Removed
from Non-cooperation)
Mahalaxmi Builders And Developers LT Bk Fac CARE B+ 140 Assigned
Meena Jewellers & Diamonds Pvt Ltd LT Bk Fac CARE D 630 Revised from
CARE BB
(Issuer not cooperating)
Meena Jewellers Exclusive Pvt Ltd LT Bk Fac CARE D 680 Revised from
CARE BB
(Issuer not cooperating)
Meena Jewellers Extension Pvt Ltd LT Bk Fac CARE D 280 Revised from
CARE BB
(Issuer not cooperating)
Meena Jewellers Pvt Ltd LT Bk Fac CARE D 610 Revised from
CARE BB
(Issuer not cooperating)
Meena Jewels Exports LT Bk Fac CARE D 320 Revised from
CARE BB
(Issuer not cooperating)
Momai Foods Pvt Ltd LT Bk Fac CARE C 86.4 Revised from
CARE D
New Pack Agro Chem LT Bk Fac CARE B+ 89 Assigned
Noble Polytec LT Bk Fac CARE B+ 54.4 Assigned
Parker Tiles Pvt Ltd LT Bk Fac CARE BB 238.2 -
(Issuer not cooperating)
Pellet Energy Systems Pvt Ltd LT Bk Fac CARE D 285 Revised from
CARE BB-
(ISSUER NOT COOPERATING)
Shree Mahesh Oil Products LT Bk Fac CARE BBB- 240 Assigned
Staragri Finance Ltd (Safl) Series A PTCs CARE A - Assigned
Sun Projects India Pvt Ltd LT Bk Fac CARE BB- 150 Assigned
Suresh Techno Electro (India) Llp LT Bk Fac CARE BB 20 Revised from
CARE BB-
Suresh Techno Electro (India) Llp LT/ ST Bk Fac CARE BB/A4 120 Revised from
CARE BB-
Today Footwear Pvt Ltd LT Bk Fac CARE B+ 95 Assigned
Viral Corporation India Pvt Ltd LT Bk Fac CARE B 65 Revised from
CARE BB
(ISSUER NOT COOPERATING)
--------------------------------------------------------------------------------------------
$: 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
