0
0
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local
debt instruments as of October 27, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Aercomfort Pvt Ltd ST Bk Fac CARE A4 41 -
(moved to ISSUER NOT COOPERATING category)
Aarti Infra Projects Pvt Ltd ST Bk Fac CARE D; 150 -
(Issuer not cooperating; Based on best available information)
Ashaganga Exports ST Bk Fac CARE A4 130 -
(moved to ISSUER NOT COOPERATING category)
Expanded Polymer Systems Pvt Ltd ST Bk Fac CARE A3 650 Reaffirmed
Greenchef Appliances Ltd ST Bk Fac CARE A4 10 Revised from
CARE A4+
(moved to ISSUER NOT COOPERATING category)
K. V. R Constructions Short -term Bk Fac CARE A4 150 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Karla Constructions Short -term Bk Fac CARE A4 50 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Plazma Technologies Pvt Ltd ST Bk Fac CARE D; 58 -
(Issuer not cooperating; Based on best available information)
Mgi Infra Pvt Ltd ST Bk Fac CARE A4 47 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Nilkamal Storage Systems Pvt Ltd ST Bk Fac CARE A1 352.5 Reaffirmed
(enhanced from Rs 25.25 crore)
Oriental Veneer Products Ltd ST Bk Fac CARE A3 160 Assigned
Oriental Veneer Products Ltd ST Bk Fac CARE A3 20 Reaffirmed
Pace Process Controls Pvt Ltd ST Bk Fac CARE A4 90 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Saggi Electric Company ST Bk Fac CARE A4 1 -
Rating (moved to ISSUER NOT COOPERATING category)
Satya Sai Exims ST Bk Fac CARE A4 50 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Snr Edatas Pvt Ltd ST Bk Fac CARE A4 145 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sri Sai Constructions ST Bk Fac CARE A4 140 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
The Rishabh Winpro Pvt Ltd ST Bk Fac CARE A4; 70 -
The Waterbase Ltd ST Bk Fac CARE A2+ 0.3 Reaffirmed
LONG TERM RATINGS:
-------------------
Aarti Infra Projects Pvt Ltd LT Bk Fac CARE D; 262.3 -
(Issuer not cooperating; Based on best available information)
Adithya Global Health Care Pvt Ltd LT Bk Fac CARE B-; Stable252 Revised from
CARE B; Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Aercomfort Pvt Ltd LT Bk Fac CARE BB-; 62 Revised from
Stable CARE
BB;Stable
(moved to ISSUER NOT COOPERATING category)
Amarnath Enterprises LT Bk Fac CARE B- 64.5 Revised from
CARE B
(Rating continues to remain under ISSUER NOT COOPERATING category)
Appollo Distilleries And Breweries Pvt LT Bk Fac CARE D 574 -
Ltd
(Rating continues to remain under ISSUER NOT COOPERATING category)
Ashaganga Exports LT Bk Fac CARE BB; 14.6 Revised from
Stable; CARE BB+;
Stable
(moved to ISSUER NOT COOPERATING category)
Dayakara Solar Power Pvt Ltd LT Bk Fac CARE BBB+ 1928.1 Reaffirmed
(CE); Stable
Outlook revised from Negative/(Reduced from 199.60 crs)
Dhara Motor Finance Ltd LT Bk Fac CARE BB-; 250 revised from
Stable CARE BB;
Stable
(Issuer Not Cooperating Issuer did not cooperate; Based on best available information)
Dish Infra Services Pvt Ltd (i) LT / ST Bk Fac - 0 Withdrawn
Dish Infra Services Pvt Ltd (ii) LT Bk Fac CARE B+ (CE); 9848 Reaffirmed
Stable
(Reduced from 1,024.00 crs)
Dish Infra Services Pvt Ltd (iii) LT / ST Bk CARE B+ (CE); 3978.8 Reaffirmed
Fac Stable /CARE
A4 (CE)
(Reduced from 497.88 crs)
Divya Agro Roller Flour Mills Pvt Ltd LT Bk Fac CARE D 96 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Durgashakti Foods Pvt Ltd FB- LT-TL - - Withdrawn
Durgashakti Foods Pvt Ltd FB- LT-Funded - - Withdrawn
Interest TL
Durgashakti Foods Pvt Ltd FB- LT-CC - - Reaffirmed at
CARE D and
Withdrawn
(Issuer Not Cooperating)
Durgashakti Foods Pvt Ltd Non-FB- ST-BGs - - Reaffirmed at
CARE D and
Withdrawn
(Issuer Not Cooperating)
Expanded Polymer Systems Pvt Ltd LT Bk Fac CARE BBB-; 340 Reaffirmed
Negative
Gali Bhanu Prakash LT Bk Fac CARE C; Stable 55.3 Revised from
CARE B; Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Grahati Solar Energy Pvt Ltd LT Bk Fac CARE BBB+ 3182.7 Reaffirmed
(CE); Stable
Outlook revised from Negative/(Reduced from 329.57 crs)
Greenchef Appliances Ltd LT Bk Fac CARE BB; Stable 190 Revised from
CARE BB+;
Stable
(moved to ISSUER NOT COOPERATING category)
Jakson Solar Pvt Ltd LT Bk Fac – fund - - Revised to
based – TL CARE BB+;
Stable from
CARE BB+;
Stable and
Withdrawn
(Issuer Not Cooperating)
Jharkhand Road Projects Implementation NCDs (NCD) CARE D 12755.1 Revised from
Co. Ltd CARE C
(Rating continues to remain under ISSUER NOT COOPERATING category)
K. V. R Constructions Long -term Bk Fac CARE B+; Stable 250 Revised from
CARE BB-;
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Kaizen Autocars Pvt Ltd LT Bk Fac CARE B-; Stable 95.7 Revised from
CARE B; Stable
(Issuer not cooperating)
Karla Constructions Long -term Bk Fac CARE C 70 Revised from
CARE B
(Rating continues to remain under ISSUER NOT COOPERATING category)
Mahavir Steel Industries Ltd LT Bk Fac CARE BB+; 9 Revised from
Stable CARE BBB+;
Stable
(Issuer not cooperating)
Mgi Infra Pvt Ltd LT Bk Fac CARE B-; 40 Revised from
CARE B+
(Rating continues to remain under ISSUER NOT COOPERATING category)
Mihit Solar Power Pvt Ltd LT Bk Fac* CARE BBB+ 3479.7 Reaffirmed
(CE); Stable
(Outlook revised from Negative/(Reduced from 362.32 crs)/
*Based on credit enhancement in the form of a Co-Obligor Undertaking signed between Mihit Solar
Power Private Limited, Grahati Solar Energy Private Limited (rated CARE BBB+ (CE); Stable) and
Dayakara Solar Power Private Limited (rated CARE BBB+ (CE); Stable) (co-obligors) in favour of
each other as well as the lender, as per which in the event of insufficiency of funds in debt
servicing, the lenders/lender’s agent shall utilize the amounts available in surplus account to
meet such shortfall in accordance with the Trust and Retention Account (TRA) Agreement to ensure
debt service by the due date.)
N & N Constructions LT Bk Fac CARE D 122.5 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Navin Cotton Fiber LT Bk Fac CARE B-; Stable 90 Revised from
CARE B; Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Nikki Steels Pvt Ltd LT Bk Fac CARE B-; 120 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Nilkamal Storage Systems Pvt Ltd LT Bk Fac CARE A; 117.5 Reaffirmed
Positive
Oriental Foundry Pvt Ltd LT Bk Fac CARE BBB-; 295 Assigned
Stable
Oriental Foundry Pvt Ltd LT Bk Fac CARE BBB-; 575 Reaffirmed
Stable
(Enhanced from 20.00 crs)
Oriental Foundry Pvt Ltd LT / ST Bk Fac CARE BBB-; 130 Reaffirmed
Stable /CARE A3
Oriental Veneer Products Ltd LT Bk Fac CARE BBB-; 320 Reaffirmed
Stable
(Enhanced from 14.00 crs)
Pace Process Controls Pvt Ltd LT Bk Fac CARE B+; Stable 7 Revised from
CARE BB-;
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Pavan Traders LT Bk Fac CARE B-; Stable 52.5 Revised from
CARE B; Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Plazma Technologies Pvt Ltd LT Bk Fac CARE D; 26.3 -
(Issuer not cooperating; Based on best available information)
Ramakrishna Electronics_ (Karnataka LT Bk Fac CARE D 60 -
Division)
(Rating continues to remain under ISSUER NOT COOPERATING category)
Saggi Electric Company LT Bk Fac CARE B; Stable 50 -
Rating (moved to ISSUER NOT COOPERATING category)
Satya Sai Exims LT Bk Fac CARE B; Stable 60.3 Revised from
CARE BB-;
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Siti Networks Ltd LT Bk Fac CARE D 870 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sri Ram Enterprises_(Visakhapatnam) LT Bk Fac CARE B 43.6 Revised from
CARE B+
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sri Rama Marketing LT Bk Fac CARE B; Stable 150 Revised from
CARE BB- ;
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sri Ranganathaswamy Jewellary Works Long -term Bk Fac CARE D 75 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sri Sai Constructions LT Bk Fac CARE B+ 50 Revised from
CARE BB
(Rating continues to remain under ISSUER NOT COOPERATING category)
Srinivasa Rice Industry LT Bk Fac CARE C 68 Revised from
CARE B
(Rating continues to remain under ISSUER NOT COOPERATING category)
Sundyota Numandis Pharmaceuticals Pvt LT Bk Fac CARE BB+; 61.2 Revised from
Ltd Stable CARE BB;
Stable
T G R Projects India Pvt Ltd LT Bk Fac CARE B-; Stable 320 Revised from
CARE B; Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
Tarang Jewels Pvt Ltd LT Bk Fac CARE D 75 Revised from
CARE B-;
Stable;
(Rating Continues to remain under Issuer not cooperating)
The Great Eastern Shipping Co. Ltd Proposed NCDs CARE AA+; 1500 Assigned
Stable
The Rishabh Winpro Pvt Ltd LT Bk Fac CARE B-; 49.7 Revised from
CARE B
(Rating continues to remain under ISSUER NOT COOPERATING category)
The Waterbase Ltd LT Bk Fac - 0 Withdrawn
The Waterbase Ltd LT/ST Bk Fac CARE A-; 738.1 Reaffirmed
Stable/CARE A2+
Vikram Traders LT Bk Fac CARE B-; Stable 110 Revised from
CARE B+;
Stable
(Rating continues to remain under ISSUER NOT COOPERATING category)
--------------------------------------------------------------------------------------------
$: 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
