53
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of November 20, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Amanta Healthcare Ltd ST Bk Fac CARE A3 135.5 -
Ratings Placed on credit watch with negative implications
Bhavya Beverages ST Bk Fac - - Withdrawn
Bahadur Chand Investments Pvt Ltd CP (CP) issue CARE A1+ 30000 Reaffirmed
(enhanced from 2500 Crore)
Datta Agro Services Pvt Ltd ST Bk Fac CARE D 250 -
(Issuer not cooperating)
Grenic Tiles Pvt Ltd ST Bk Fac CARE A4 20 Reaffirmed
Hsil Ltd ST Bk Fac CARE A1+ 3000 -
(enhanced from 285.00 Crore),Removed from credit watch
Hsil Ltd CP (CP) issue* CARE A1+ 3000 -
Removed from credit watch,*carved out of the sanctioned working capital limits of the company.
Jsw Severfield Structures Ltd ST Bk Fac-LC CARE A3+ 1000 Revised from
CARE A3
Kwality Animal Feeds Pvt Ltd ST Bk Fac - - Withdrawn
Lezora Vitrified Pvt Ltd ST Bk Fac - - Withdrawn
Mcpi Pvt Ltd ST BkFac CARE A1 18750 Revised from
CARE A2+
(Enhanced from 995 Crore)
Neha International Ltd ST Bk Fac CARE D 235 Revised from
CARE A3
Sunfame Ceramic Pvt Ltd ST Bk Fac - - Withdrawn
MEDIUM TERM RATINGS:
-------------------
Amanta Healthcare Ltd Medium Term CARE BBB (FD) 100 -
Instrument – FD
Ratings Placed on credit watch with negative implications
LONG TERM RATINGS:
-------------------
Aan Engineering Industries Ltd LT Fund BasedBk CARE A (SO) 20 Assigned
Fac- (CC)
Aan Engineering Industries Ltd LT/ STNon- Fund CARE A (SO)/A1 430 Assigned
Based BkFac (BG) (SO)
Amanta Healthcare Ltd LT Bk Fac CARE BBB 565.1 -
Ratings Placed on credit watch with negative implications
Ariston Tiles Ltd LT Bk Fac - - Withdrawn
Ariston Tiles Ltd LT/ ST Bk Fac - - Withdrawn
Athanas Enterprise Pvt. Ltd. NCD (NCD) issues - - Withdrawn
(Amalgamated With Altheon Enterprises
Ltd.)
Bhavya Beverages LT Bk Fac - - Withdrawn
Datta Agro Services Pvt Ltd LT Bk Fac CARE D 300.9 -
(Issuer not cooperating)
Dwarka Textile Park LT Bk Fac CARE B 146 -
(Issuer not cooperating)
Electrosteel Castings Ltd NCD (Series IV) - - Withdrawn^
(^) The company has repaid the NCD (series IV) and there is no amount outstanding under the said
issue.
Electrosteel Castings Ltd LT BkFac CARE BBB+ 14875.1 Reaffirmed
(reduced from 1553.69 Crore)
Electrosteel Castings Ltd Long/STBk Fac CARE BBB+/A2 8775 Reaffirmed
(reduced from 909.00 Crore)
Grenic Tiles Pvt Ltd LT Bk Fac CARE BB- 43.5 Reaffirmed
(Reduced from 7.41 Crore)
Hsil Ltd LT Bk Fac CARE A+ 12944 -
(enhanced from 1214.40 Crore),Removed from credit watch
Il&Fs Education & Technology Services CP (CP) issue CARE D 2000 Revised from
Ltd CARE A4
Jainam Fab Pvt Ltd LT Bk Fac - - Withdrawn
Jsw Severfield Structures Ltd LT Bk FacCC CARE BBB+ 900 Revised from
CARE BBB
(enhanced from 70.00 Crore)
Jsw Severfield Structures Ltd LT Bk FacBG CARE BBB+ 2630 Revised from
CARE BBB
(enhanced from 183.00 Crore)
Jsw Severfield Structures Ltd LT/ST Bk Fac-fund CARE BBB+/A3+ 1600 Revised from
based/nonfund based CARE BBB
(enhanced from 50.00 Crore)
Kamdhenu Enterprise LT Bk Fac - - Withdrawn
Kwality Animal Feeds Pvt Ltd LT Bk Fac - - Withdrawn
Lezora Vitrified Pvt Ltd LT Bk Fac - - Withdrawn
Madhusudan Developers Long- term Bk Fac CARE BB- 98.5 Assigned
Mahika Infra Llp LT BkFac CARE BB (SO) 1661.8 Reaffirmed
(reduced from 185.00 Crore)
Mahika Infra Llp LT BkFac CARE BB (SO) 400 Reaffirmed
Mcpi Pvt Ltd LT BkFac CARE A 1900 Revised from
CARE A-
(Reduced from 200 Crore)
Neha International Ltd LT Bk Fac CARE D 56 Revised from
CARE BBB-
Northern Solaire Prakash Pvt Ltd LT Bk Fac CARE A+ 1142.5 Assigned
Phpc Associates LT Bk Fac CARE BB 90 Assigned
Pokaran Solaire Energy Pvt Ltd LT Bk Fac CARE A+ 295 Assigned
Rico Aluminium And Ferrous Auto LT Fund BasedBk CARE A- (SO) 105 Assigned
Components Ltd Fac- (TermLoan)
Rico Aluminium And Ferrous Auto LT Fund BasedBk CARE A- (SO) 80 Assigned
Components Ltd Fac- (CC)
Rico Aluminium And Ferrous Auto LT/ STNon- Fund CARE A- 65 Assigned
Components Ltd Based BkFac (LC) (SO)/A2+ (SO)
Sahaj Solar Pvt Ltd LT Bk Fac CARE BB- 66.9 Reaffirmed
(enhanced from 2.41 Crore)
Sahaj Solar Pvt Ltd LT/ ST BkFac* CARE BB-/A4 108 Reaffirmed
* facility have been reclassified from short-term to long-term/short-term facility
Sarvottam Vegetable Oil Refinery Pvt LT Bk Fac CARE D 102.4 -
Ltd
(Issuer not cooperating)
Sheetal Infrastructure Pvt. Ltd. LT BkFac CARE BB 671.9 Re-affirmed
Shivohum Textiles LT Bk Fac CARE B 84 -
(Issuer not cooperating)
Shri Shikharjee Rice Oil Llp LT Bk Fac CARE B+ 117.5 Assigned
Solaire Power Pvt Ltd LT Bk Fac CARE A- 1285 Assigned
Solairedirect Projects India Pvt Ltd LT Bk Fac CARE A- 1235 Assigned
Star Wire (India) Vidyut Pvt Ltd LT BkFac CARE BB- 396.8 Revised from
CARE B
Sunfame Ceramic Pvt Ltd LT Bk Fac - - Withdrawn
Supersonic Distribution & Services PvtLT/Shortterm BkFac CARE B+/A4 274.8 Revised from
Ltd CARE B
Suryauday Solaire Prakash Pvt Ltd LT Bk Fac CARE A+ 620 Assigned
The Nilgiri Dairy Farm Pvt Ltd LT Bk Fac@ CARE A (SO) 420 Reaffirmed
@ The facilities are backed by unconditional and irrevocable guarantee from Future Consumer
Limited (erstwhile Future Consumer Enterprises Limited) rated CARE A/Stable/A1.
Ujjwal Granites Pvt Ltd LT Bk Fac - - Withdrawn
Vizebh Agri Sciences Pvt Ltd LT Bk Fac CARE D 118.7 -
(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)
