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Company News

CARE ratings for Indian debt instruments-Apr 4

    Apr 4 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of April 3, 2019.


COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                       (RS.MLN)
-------                               ----------         ------        -------  ---------
SHORT TERM RATINGS:
-------------------
A.N. Wires                            ST BkFac           CARE A4        2.5
(Issuer Not Cooperating)
Alpa Laboratories Ltd                 ST Bk Fac          -              -       Withdrawn
Antique Textile Pvt Ltd               ST Bk Fac          -              -       Withdrawn
Agc Networks Ltd                      ST Bk Fac          CARE A4        387     Revised from
                                                                                CARE A4
credit watch with developing implications
Agro Phos India Ltd                   ST BkFac           CARE A4+       60
(Issuer Not Cooperating)
Alcob India Pvt Ltd                   ST Bk Fac          CARE A4        167.5   Reaffirmed
(Reduced from 49.50 Crore)
Alpha Maier Pvt Ltd                   ST BkFac           CARE A4+       70      Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Amon-Ra Impex Pvt Ltd                 ST Fac             CARE A4        72.5
(Issuer Not Cooperating)
Anand Motors Agencies Ltd             ST Bk Fac          CARE A3        30      Reaffirmed
Anup Malleables Ltd                   ST Bk Fac          CARE A4        32
(Issuer Not Cooperating)
Apl Apollo Tubes Ltd                  ST Bk Fac          CARE A1+       1300    Reaffirmed
Arido Ceramic                         Short term Bk      CARE A4+       8.4
                                      Fac
Ratings placed on credit watch with developing implications
Asm Traxim Pvt Ltd                    ST Bk Fac          CARE A4        50      Reaffirmed
Bahadur Ke Textiles And Knitwears     ST Bk Fac          CARE A4        50      Assigned
Association
Beepee Enterprise Pvt Ltd             ST BkFac           CARE A4        3
(Issuer Not Cooperating)
Bravo Sponge Iron Pvt Ltd             ST BkFac           CARE A4+       100
(Issuer Not Cooperating)
Brintons Carpets Asia Pvt Ltd         ST Bk Fac          CARE A1        10      Reaffirmed
C.L. Gupta Exports Ltd                ST Bk Fac          CARE A2        30      Reaffirmed
Caparo Maruti Ltd                     Bk Fac - Non-fund  CARE A2+       87.5    Reaffirmed
                                      -based – ST -
                                      BG/LC
Caparo Maruti Ltd                     Bk Fac - FB – ST   CARE A2+       350     Reaffirmed
                                      - Invoice Financing
Caparo Maruti Ltd                     ST Instruments- CP CARE A2+       300     Reaffirmed
                                      programme*
*carved out of the working capital limits of the company
Caspia Hotels Pvt Ltd                 ST Bk Fac          CARE A3        100     Reaffirmed
Chelsea Mills Llp                     ST Bk Fac          CARE A3        530     Reaffirmed
(enhanced from 48.67 Crore)
Classic Corrugations Pvt Ltd          ST BkFac           CARE A4        9
(Issuer Not Cooperating)
Classic Products Pvt Ltd              ST Bk Fac          CARE A4        5       Reaffirmed
Compagnie Indo Francaise De Commerce  ST Bk Fac          CARE A3        1900    Reaffirmed
Pvt Ltd
(enhanced from 140.75 Crore)
Continental Device India Pvt Ltd      ST Bk Fac          CARE A3+       37      Reaffirmed
Davinder Sandhu Impex Pvt Ltd         ST Bk Fac          CARE A3+       10      Reaffirmed
Dembla Valves Ltd                     Short- term BkFac  CARE A3        455     Assigned
Edible Products India Ltd             ST Bk Fac          CARE A4+       25      Reaffirmed
Emcer Tiles Pvt Ltd                   ST Bk Fac          CARE A4        42.5    Reaffirmed
Ensemble Infrastructure India Ltd     ST Bk Fac          CARE A4+       200     Reaffirmed
(Enhanced from Rs.15.00 crore Crore)
Excell Autovista Pvt Ltd              ST Bk Fac          CARE A4        40      Revised from
                                                                                CARE A4+
(Issuer Not Cooperating)
G.S. Bansal & Company                 ST Bk Fac          CARE A4        135     Assigned
Gupta Exim India Pvt Ltd              ST Bk Fac          CARE D         5
(Issuer Not Cooperating)
Gujarat Infrapipes Pvt Ltd            ST Bk Fac          CARE A4        366     Reaffirmed
Hari Bhog Overseas                    ST Bk Fac          CARE A4        60      Assigned
Heeru Corrosion Protection Services   ST BkFac           CARE A3        155
India Pvt Ltd
(Issuer Not Cooperating)
Jackson Laboratories Pvt Ltd          ST BkFac           CARE A4        50      Assigned
Jallan Transport Company              ST Bk Fac          CARE A4        130     Assigned
Jana Brothers Sea Food Llp            ST Bk Fac          CARE A4        115     Assigned
Kanchan Oil Industries Ltd            ST Bk Fac          CARE A4+       50      Reaffirmed
Kashmiri Lal Constructions Pvt Ltd    ST BkFac           CARE A4+       70      Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Kisan Mouldings Ltd                   ST BkFac           CARE D         912.5
(Issuer Not Cooperating)
Krishna Buildestates Pvt Ltd          ST Bk Fac          -              -       Withdrawn
Khushbu Impex                         ST Bk Fac          CARE A4        253
(Issuer Not Cooperating)
Kumar Arc Tech Pvt Ltd                ST Bk Fac          CARE A4+       125
(Issuer Not Cooperating)
Mahabir Nirman Pvt Ltd                ST Bk Fac          CARE A4        25      Assigned
Mahalaxmi Exports                     ST Bk Fac          CARE A3        141.5   Reaffirmed
Maharashtra State Electricity         ST Bk Fac          -              -       Withdrawn
Distribution Co. Ltd
Manaksia Aluminium Co. Ltd            ST Bk Fac (Non     CARE A3+       1050    Reaffirmed
                                      Fund Based)
Meghaaarika Impex Pvt Ltd             ST Bk Fac          CARE A4        800     Reaffirmed
Mercator Ltd                          (iv) ST Bk Fac     CARE D         1500    Revised from
                                                                                CARE A4
Metroglobal Ltd                       ST Bk Fac          CARE A2        250     Reaffirmed
(reduced from 30.00 Crore)
Milestone Gears Pvt Ltd               ST BkFac           CARE A3+       250     Reaffirmed
Mstc Ltd                              ST Bk Fac          CARE A3+       48800   Reaffirmed
Mulji Devshi Export Pvt Ltd           ST Bk FacLOC       -              -       Withdrawn
Mulji Devshi Export Pvt Ltd           ST Bk Fac          CARE A4        50      Reaffirmed
Neptune Industries Ltd                ST Bk Fac          -              -       Withdrawn
N. R. Switch N Radio Services Pvt Ltd ST Bk Fac          CARE A4        10      Reaffirmed
Ncml Finance Pvt Ltd                  CP Issue           CARE A1+       2000    Reaffirmed
Niagara Metals India Ltd              ST BkFac           CARE A4+       50      Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Nirman Engineers And Contractors      ST Bk Fac          CARE A4        170     Reaffirmed
O. C. Sweaters Llp                    ST Bk Fac          CARE A3        400     Reaffirmed
Orazone Paper Pvt Ltd                 ST Bk Fac          CARE A4        9       Reaffirmed
Panache Digilife Ltd                  ST Bk Fac          -              -       Withdrawn
P. P. Rolling Mills Manufacturing     ST Bk Fac          CARE A4+       100     Reaffirmed
Company Pvt Ltd
Pegma Resources Pvt Ltd               ST Bk Fac          CARE A4        25
(Issuer Not Cooperating)
Perfect Filaments Ltd                 ST Bk Fac          CARE A2        118.3   Reaffirmed
Petryc International Pvt Ltd          ST Bk Fac          CARE A4        22
(Issuer Not Cooperating)
Prince Pipes And Fittings Ltd         ST Bk Fac          CARE A3+       2520    Reaffirmed
(Reduced from 271.19 Crore)
Rci Industries And Technologies Ltd   ST Bk Fac          -              -       Withdrawn
R.N. Gupta & Co. Ltd                  ST Bk Fac          CARE A3+       445     Reaffirmed
(enhanced from Rs. 33.60 Crore)
Radhamohan Builders Pvt Ltd           ST Bk Fac          CARE A4        13.1
(Issuer Not Cooperating)
Rajshree Polypack Ltd                 ST Bk Fac          CARE A3+       39      Reaffirmed
Rapier Machinery Manufacturing CompanyST Bk Fac          CARE A3+       5       Reaffirmed
Pvt. Ltd
removed from credit watch
Rmc Switchgears Ltd                   ST Bk Fac          CARE A4+       300     Reaffirmed
Rodic Consultants Pvt Ltd             ST Bk Fac (Fund    CARE A2+       224     Reaffirmed
                                      Based)
Rodic Consultants Pvt Ltd             ST Bk Fac          CARE A2+       532     Reaffirmed
                                      (Non-Fund Based)
(enhanced from 48.20 Crore)
Samhi Hotels (Ahmedabad) Pvt Ltd      ST Bk Fac          -              -       Withdrawn
Sahiba Ltd                            ST Bk Fac          CARE A2        300     Reaffirmed
Sanghi Brothers (Indore) Pvt Ltd      ST Bk Fac          CARE A4+       190
(Issuer Not Cooperating)
Saraswati Associates Company          ST Bk Fac          CARE A4        45      Reaffirmed
Sbw Udyog Ltd                         ST Bk Fac- SLC     CARE A3+       55      Reaffirmed
Sbw Udyog Ltd                         ST Bk Fac- BG      CARE A3+       50      Reaffirmed
Sebacic India Ltd                     ST Bk Fac          CARE D         4.6     Reaffirmed
Securens Systems Pvt Ltd              ST BkFac           CARE A4        14.1
(Issuer Not Cooperating)
Sewri Engineering Company Pvt Ltd     ST Bk Fac          CARE A4        50
(Issuer Not Cooperating)
Shiv Gorakh Timber Pvt Ltd            ST BkFac           CARE A4        100
(Issuer Not Cooperating)
Shiv Shakti Float Glasses Pvt Ltd     ST Bk Fac          CARE A4        45
(Issuer Not Cooperating)
Shri Dinesh Mills Ltd                 ST Bk Fac          CARE A1        48.3    Reaffirmed
Shri Siddhi Vinayak Trust             ST BkFac           CARE A4        3.4
(Issuer Not Cooperating)
Slmi Infra Projects Pvt Ltd           ST Bk Fac          CARE A4        670     Reaffirmed
Sml Finance Ltd                       ST Bk Fac          CARE A4+       250     Reaffirmed
(reduced from 32.50 Crore)
Snd Ltd                               ST Bk Fac -        CARE A3+       1000    Revised from
                                      Non-FBL                                   CARE A2+
Shubh Shagun Packaging Pvt Ltd        ST Bk Fac          -              -       Withdrawn
Sri Savitr Solar Pvt Ltd              ST Bk Fac#         -              0       Withdrawn
#the rating assigned to long term bank facility (term Loan) has been withdrawn since NOC and
Letter of withdrawal received for the same to withdraw the rating.
Sri Savitr Solar Pvt Ltd              ST Bk Fac          CARE A4        130     Reaffirmed
Removed from Non-Cooperation
Suganthi Educational Trust            ST BkFac           CARE A4+       50      Revised from
                                                                                CARE A3
(Issuer Not Cooperating)
Suraj Ltd                             ST BkFac           CARE A4+       124.7
(Issuer Not Cooperating)
Tc Travel Services Ltd                ST Bk Fac – BG     -              -       Withdrawn
Temple Packaging Pvt Ltd              ST Bk Fac          -              -       Withdrawn*
*The ratings on the facilities have been withdrawn upon company s request and NOC obtained from
lenders
Tuaman Engineering Ltd                ST Bk Fac          -              -       Withdrawn
                                      (Non-Fund based)
Tcns Ltd                              ST Bk Fac          CARE A4+       105     Reaffirmed
Tesla Transformers (India) Ltd        ST Bk Fac          CARE A3+       150     Assigned
Thane Steels Ltd                      ST Bk Fac          CARE A4        36.8    Reaffirmed
Tirupati Balaji Fibres Ltd            ST Bk Fac          CARE A3        20      Reaffirmed
(reduced from 5.50 Crore)
Topline Lamination Pvt Ltd            ST Bk Fac          CARE A4        97.5    Revoked from
                                                                                CARE A4
(Issuer Not Cooperating)
Universal Metal Co. Ltd               ST Bk Fac          CARE A4+       10      Reaffirmed
Unovel Industries Pvt Ltd             ST Bk Fac*         CARE A3        83.1    Reaffirmed
(enhanced from 0.00 Crore)/*Backed by unconditional and irrevocable corporate guarantee extended
by Ebullient Packaging Private Limited
Vento Ceramic                         ST Bk Fac          -              -       Withdrawn
Vinko Auto Industries Ltd             ST Bk Fac          CARE A4+       149
(Issuer Not Cooperating)
Zigma Laminates And Systems Pvt Ltd   ST Bk Fac          -              -       Withdrawn 

MEDIUM TERM RATINGS:
-------------------
Continental Device India Pvt Ltd      Medium Term        CARE BBB (FD)  78.1    Reaffirmed
                                      Instrument- Fixed
                                      Deposits
LONG TERM RATINGS:
-------------------
A.N. Wires                            LT BkFac           CARE B+        72      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Aakash Global Foods Pvt Ltd           LT BkFac           CARE BBB+      61      Reaffirmed
(reduced from 9.31 Crore)
Aakash Global Foods Pvt Ltd           LT / ST Bk Fac     CARE BBB+/A3+  136.4   Reaffirmed
(enhanced from 6.00 Crore)
Aarohi Solar Pvt Ltd                  LT Bk Fac          -              -       Withdrawn
Aarohi Solar Pvt Ltd                  LT Bk Fac (Forward -              -       Withdrawn
                                      Contract/Derivate
                                      Limits)
Acme Jaisalmer Solar Power Pvt Ltd    LT Bk Fac          -              -       Withdrawn
Acme Jaisalmer Solar Power Pvt Ltd    LT Bk Fac (Forward -              -       Withdrawn
                                      Contract/Derivate
                                      Limits)
Agc Networks Ltd                      LT Bk Fac          CARE BB+       1243.7  Revised from
                                                                                CARE BB+
credit watch with developing implications
Agro Phos India Ltd                   LT Bk Fac          CARE BB+       150
(Issuer Not Cooperating)
Akansha Fashions                      LT Bk Fac          CARE B+        75      Reaffirmed
Alcob India Pvt Ltd                   LT Bk Fac          CARE B+        80      Revised from
                                                                                CARE BB-
(Reduced from 18.00 Crore)
All Kind Healthcare Unit - Iii        LT BkFac           CARE BB-       408.3   Reaffirmed
(reduced from Rs.45.89 Crore)
Alpa Laboratories Ltd                 LT/ ST Bk Fac      -              -       Withdrawn
Alpha Maier Pvt Ltd                   LT BkFac           CARE BB+       27.4    Revised from
                                                                                CARE BBB-
(Issuer Not Cooperating)
Amon-Ra Impex Pvt Ltd                 LT Bk Fac          CARE B+        5
(Issuer Not Cooperating)
Anand Motors Agencies Ltd             LT Bk Fac          CARE BBB-      245.9   Reaffirmed
(reduced from 24.95 Crore)
Antique Textile Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Anup Malleables Ltd                   LT Bk Fac          CARE BB        112
(Issuer Not Cooperating)
Apl Apollo Tubes Ltd                  LT Bk Fac          CARE AA-       4450    Reaffirmed
Apl Apollo Tubes Ltd                  NCDs (NCDs)        CARE AA-       750     Reaffirmed
Arido Ceramic                         LT Bk Fac          CARE BB        43.8
(Reduced from 5.64 Crore) /Ratings placed on credit watch with developing implications
Arihant Prime Developers Pvt Ltd      LT Bk Fac          CARE BB        100     Reaffirmed
Ashiana Landcraft Realty Pvt Ltd      LT Instruments-    -              -       Withdrawn
                                      Non Convertible
                                      Debentures-II
Asm Traxim Pvt Ltd                    LT Bk Fac          CARE BB        450     Reaffirmed
(reduced from 60 Crore)
Avaneetha Textiles Pvt Ltd            LT BkFac           CARE BBB-      571.1   Reaffirmed
(enhanced from 7.51 Crore)
Avaneetha Textiles Pvt Ltd            Long/STBk Fac      CARE BBB-/A3   1200    Reaffirmed
(enhanced from 50.00 Crore)
Bahadur Ke Textiles And Knitwears     LT Bk Fac          CARE B         112.5   Assigned
Association
Bajoria Entertainment Pvt. Ltd.       LT Bk Fac          CARE BBB       50      Reaffirmed
Bajoria Entertainment Pvt. Ltd.       LT/STBk Fac        CARE BBB/A3    250     Assigned
Bd Agro Foods                         LT Bk Fac          CARE B         145
(Issuer Not Cooperating)
Bec Fertilizers Ltd                   LT Bk Fac (TL)     CARE D         637
(Issuer Not Cooperating)
Beepee Enterprise Pvt Ltd             LT Bk Fac          CARE BB-       121.8
(Issuer Not Cooperating)
Bhagwati Products Ltd                 LT Bk Fac          CARE BBB       422.7   Revised from
                                                                                CARE BBB+
Bhagwati Products Ltd                 LT / ST Bk Fac     CARE BBB/A3    5250    Revised from
                                                                                CARE BBB+/
                                                                                CARE A2
Bravo Sponge Iron Pvt Ltd             LT BkFac           CARE BB+       1125
(Issuer Not Cooperating)
Brintons Carpets Asia Pvt Ltd         LT/ ST BkFac       CARE A-/A1     70      Reaffirmed
C.L. Gupta Exports Ltd                LT Bk Fac          CARE A-        160.5   Reaffirmed
(Reduced from 17.47 Crore)
C.L. Gupta Exports Ltd                Long/ST BkFac      CARE A-/A2     1407.5  Reaffirmed
(Enhanced from 118.25 Crore)
Caparo Maruti Ltd                     Bk Fac – Fund      CARE A-        721.2   Reaffirmed
                                      based - LT – TL
Caparo Maruti Ltd                     Bk Fac - FB – LT – CARE A-        400     Reaffirmed
                                      CC
Caspia Hotels Pvt Ltd                 LT Bk Fac          CARE BBB-      2070.3  Reaffirmed
Century Ventures                      LT BkFac           CARE B+        91.5
(Issuer Not Cooperating)
Chelsea Mills Llp                     LT Bk Fac          CARE BBB       2.1     Reaffirmed
(reduced from 0.33 Crore)
Chelsea Mills Llp                     LT/ ST BkFac       CARE BBB/A3    90      Reaffirmed
(reduced from 12.00 Crore)
Chemmanur Credits And Investments Ltd NCD issue          -              -       Withdrawn
                                      (Proposed)
Cks Medicare Pvt Ltd                  LT Bk Fac          CARE B+        335     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Classic Corrugations Pvt Ltd          LT BkFac           CARE BB-       98.5
(Issuer Not Cooperating)
Classic Products Pvt Ltd              LT Bk Fac          CARE BB+       170     Reaffirmed
(Enhanced from Rs. 13.50 crore Crore)
Classic Products Pvt Ltd              Long /ST BkFac     CARE BB+/A4    50      Reaffirmed
Coastal Gujarat Power Ltd             LT BkFac&          CARE AA (SO)   15000   Assigned
& backed by unconditional and irrevocable corporate guarantee by Tata Power Co. Limited (Rated
CARE AA, Stable)
Compagnie Indo Francaise De Commerce  LT Bk Fac          CARE BBB-      100     Reaffirmed
Pvt Ltd
Consolidated Coin Company Pvt Ltd     LT Bk Fac          CARE BBB+      50      Revised from
                                                                                CARE BBB
Consolidated Coin Company Pvt Ltd     LT/Shortterm Bk    CARE BBB+/A2   2550    Revised from
                                      Fac                                       CARE BBB /
                                                                                CARE A3+
Continental Device India Pvt Ltd      LT Bk Fac          CARE BBB       73      Reaffirmed
D.B. Malls Pvt Ltd                    LT Bk Fac          CARE A-        1941    Revised from
                                                                                CARE BBB
(reduced from 215.80 Crore)
Dalmia Refractories Ltd               LT Bk Fac - Fund   CARE A-        400     Reaffirmed
                                      Based
Dalmia Refractories Ltd               LT/ST Bk Fac -     CARE A-/A2+    400     Reaffirmed
                                      Non-Fund Based
Daulat Ram Engineering Services Pvt LtLT BkFac           CARE BB+       106.2   Reaffirmed
(reduced from Rs.22.72 Crore)
Daulat Ram Engineering Services Pvt LtLT / Shortterm Bk  CARE BB+/A4+   900     Reaffirmed
                                      Fac
Davinder Sandhu Impex Pvt Ltd         LT Bk Fac          CARE BBB       439.9   Reaffirmed
(enhanced from Rs. 40.28  Crore)
Dayanidhi Solar Power Pvt Ltd         LT Bk Fac          -              -       Withdrawn
Dayanidhi Solar Power Pvt Ltd         LT Bk Fac (Forward -              -       Withdrawn
                                      Contract/Derivate
                                      Limits)
Dembla Valves Ltd                     Long- term BkFac   CARE BBB-      245     Assigned
Ds Toll Road Ltd                      LT Bk Fac          CARE BB+       2634.1  Revised from
                                                                                CARE BBB+
(reduced from Rs. 290.88 Crore)
Edible Products India Ltd             LT Bk Fac          CARE BB        101.7   Reaffirmed
Emcer Tiles Pvt Ltd                   LT Bk Fac          CARE B+        769     Revised from
                                                                                CARE BB-
Ensemble Infrastructure India Ltd     LT Bk Fac          CARE BB+       50      Reaffirmed
(Enhanced from Rs. 3.00  Crore)
Excell Autovista Pvt Ltd              LT Bk Fac          CARE BB        175     Revised from
                                                                                CARE BB+
(Issuer Not Cooperating)
G. R Constructions                    LT Bk Fac          CARE BB-       60      Reaffirmed
(Reduced from 87.50 Crore)
G.S. Bansal & Company                 LT Bk Fac          CARE BB        10      Assigned
Gdn Enterprises Pvt Ltd               LT Bk Fac          -              -       Withdrawn
Gera Developments Pvt Ltd             LT Bk Fac          CARE AA-       990     Reaffirmed
(enhanced from 29.00 Crore)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       250     Reaffirmed
                                      no: INE965R07074)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       250     Reaffirmed
                                      no: INE965R07082)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       250     Reaffirmed
                                      no: INE965R07090)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       250     Reaffirmed
                                      no: INE965R07108)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       250     Reaffirmed
                                      no: INE965R07116)
Gera Developments Pvt Ltd             NCD Issue (ISIN    CARE AA-       200     Reaffirmed
                                      no: INE965R07124)
Gera Developments Pvt Ltd             NCD Issue          CARE AA-       1755    Reaffirmed
                                      INE965R07157
Gera Developments Pvt Ltd             NCD issue          CARE AA-       1745    Reaffirmed
                                      (proposed)
(reduced from 199.50 Crore)
Green Infra Wind Farms Ltd            LT Bk Fac          -              -       Withdrawn
Grg Accessories Ltd                   LT Bk Fac: TL      CARE BBB+      488.7   Reaffirmed
Grg Accessories Ltd                   LT Bk Fac: CC      CARE BBB+      150     Reaffirmed
Gujarat Infrapipes Pvt Ltd            LT Bk Fac          CARE B         20      Reaffirmed
(reduced from Rs.3.21 Crore)
Gujarat Infrapipes Pvt Ltd            LT / ST Fac        CARE B/A4      230     Reaffirmed
Gupta Agro Products                   LT Bk Fac          CARE B         75      Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Gupta Exim India Pvt Ltd              LT Bk Fac          CARE D         4579.2
(Issuer Not Cooperating)
Gvr Behari Hanumana Tollway Pvt Ltd   LT Bk Fac          CARE D         900     Assigned
Gvr Khandaphod Bijwad Road Projects PvLT Bk Fac          CARE D         1500    Assigned
Ltd
Gvr Panna Amanganj Tollway Pvt Ltd    LT Bk Fac          CARE D         700     Assigned
H.L. Agro Products Pvt Ltd            LT Bk Fac          CARE BB+       1500
(Issuer Not Cooperating)
Hamon Shriram Cottrell Pvt Ltd        LT Bk Fac (FB)     CARE C         276.5   Reaffirmed
(reduced from 39.25 Crore)
Hamon Shriram Cottrell Pvt Ltd        Issuer Rating      CARE C (Is)    -       Reaffirmed
Hamon Shriram Cottrell Pvt Ltd        LT/ST Bk Fac       CARE C/A4      555     Reaffirmed
                                      (NonFB)
(reduced from 107.00 Crore)
Hamon Shriram Cottrell Pvt Ltd        LT/ST Bk Fac       CARE C/A4      450     Reaffirmed
                                      (Fundbased)
(enhanced from 25.00 Crore)
Hari Bhog Overseas                    LT Bk Fac          CARE B+        91.5    Assigned
Haware Properties                     LT Bk Fac          CARE BB+       73.8
(Issuer Not Cooperating)
Haware Properties                     Proposed LT Bk Fac CARE BB+       156.2
(Issuer Not Cooperating)
Heeru Corrosion Protection Services   LT BkFac           CARE BBB-      46
India Pvt Ltd
(Issuer Not Cooperating)
Il&Fs Infra Asset Management Ltd      IL&FS              CARE A (MF-IDF)-       Revised from
                                      Infrastructure                            CARE AA
                                      debt fund Schemes Series 1-A              (MF-IDF)
(watch with developing implications)
Il&Fs Infra Asset Management Ltd      IL&FS              CARE A+        -       Revised from
                                      Infrastructure     (MF-IDF)               CARE AA
                                      debt fund Schemes Series 1-B              (MF-IDF)
(watch with developing implications)
Il&Fs Infra Asset Management Ltd      IL&FS              CARE A+        -       Revised from
                                      Infrastructure     (MF-IDF)               CARE AA
                                      debt fund Schemes Series 1-C              (MF-IDF)
(watch with developing implications)
Il&Fs Infra Asset Management Ltd      IL&FS              CARE AA-       -       Revised from
                                      Infrastructure     (MF-IDF)               CARE AA
                                      debt fund Schemes Series 3-A              (MF-IDF)
(watch with developing implications)
Il&Fs Infra Asset Management Ltd      IL&FS              CARE AA-       -       Revised from
                                      Infrastructure     (MF-IDF)               CARE AA
                                      debt fund Schemes Series 3-B              (MF-IDF)
(watch with developing implications)
Jackson Laboratories Pvt Ltd          LT BkFac           CARE BB-       66      Assigned
Jagjit Enterprises Pvt Ltd            LT Bk Fac          CARE B         130     Assigned
Jallan Transport Company              LT Bk Fac          CARE BB        10      Assigned
Jana Brothers Sea Food Llp            LT Bk Fac          CARE B+        35      Assigned
Jsw Living Pvt Ltd                    Proposed LT/ST     CARE BBB-/A3   150     Assigned
                                      BkFac
Jsw Techno Projects Management Ltd    LT Bk Fac          CARE BBB+      7756.6  Reaffirmed
Kaila Devi Healthcare Services Pvt LtdLT Bk Fac          CARE B         120     Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Kanchan Oil Industries Ltd            LT Bk Fac          CARE BB+       100     Reaffirmed
Karania Bros                          LT Bk Fac          CARE B+        179     Reaffirmed
Kashi Jewellers                       LT/ST Bk Fac       -              -       Withdrawn
Kashmiri Lal Constructions Pvt Ltd    LT/STBk Fac        CARE BB+/A4+   287     Revised from
                                                                                CARE
                                                                                BBB-/CARE A3
(Issuer Not Cooperating)
Khushbu Impex                         LT Bk Fac          CARE BB-       3.1
(Issuer Not Cooperating)
Kiocl Ltd                             LT Bk Fac          CARE AA        10      Reaffirmed
Kiocl Ltd                             LT/ST BkFac        CARE AA/A1+    6840    Reaffirmed
Kisan Mouldings Ltd                   LT BkFac           CARE D         2087.5
(Issuer Not Cooperating)
Krishana Phoschem Ltd                 LT Bk Fac          CARE BBB       107.5   Reaffirmed
Krishana Phoschem Ltd                 LT / ST BkFac      CARE BBB/A3+   170     Reaffirmed /
                                                                                Revised from
                                                                                CAREA3
Krishna Buildestates Pvt Ltd          Long/Short term    -              -       Withdrawn
                                      Bk Fac
Kumar Agro Products Pvt Ltd           NCD issue          CARE B+ (SO)   800     Reaffirmed
Kumar Arc Tech Pvt Ltd                LT Bk Fac          CARE BB+       64.5
(Issuer Not Cooperating)
Kumar Arc Tech Pvt Ltd                LT/ST Bk Fac       CARE BB+/A4+   140
(Issuer Not Cooperating)
Latala Construction Company           LT BkFac           CARE BB        60      Reaffirmed
Latala Construction Company           LT/Shortterm BkFac CARE BB/A4     340     Reaffirmed
Laxmikripa Steels And Power Pvt Ltd   LT Bk Fac          CARE BB        228.1   Reaffirmed
(enhanced from 20 Crore)
Legitimate Assets Operators Pvt Ltd   LT NCD             -              -       Withdrawn
Lidco Projects (India) Pvt Ltd        LT Bk Fac          CARE B+        75      Reaffirmed
Removed from (Issuer Not Cooperating)
Mahabir Nirman Pvt Ltd                LT Bk Fac          CARE B+        35      Assigned
Maharashtra State Road Development    LTInstruments-Bonds-              -       Withdrawn
Corporation Ltd
Maharashtra State Road Development    LT BkFac           CARE A- (SO)   31.9    Reaffirmed
Corporation Ltd
Maharashtra State Road Development    LTInstruments-BondsCARE A- (SO)   8049.8  Reaffirmed
Corporation Ltd
Mahatma Gandhi University Of Medical  LT Bk Fac          CARE BBB+      1809.8  Revised from
Sciences And Technology                                                         CARE BBB+
Mahavir Agro Foods                    LT BkFac           CARE BB-       68.8    Reaffirmed
(reduced from Rs.8.06  Crore)
Mahavir Coal Resources Pvt Ltd        LT Bk Fac          CARE BB+       303.8   Revised from
                                                                                CARE BB
(enhanced from Rs.25.00  Crore)
Manaksia Aluminium Co. Ltd            LT Bk Fac (TL)     CARE BBB       150     Assigned
Manaksia Aluminium Co. Ltd            LT Bk Fac (Fund    CARE BBB       450     Reaffirmed
                                      Based)
Manchukonda Prakasham Industries IndiaLT Bk Fac          CARE A         10      Reaffirmed
Pvt Ltd
(Reduced from Rs.5.00  Crore)
Manchukonda Prakasham Industries IndiaLong/ST BkFac      CARE A         290     Reaffirmed
Pvt Ltd
(Enhanced from Rs.25.00 Crore)
Mantri Infrastructure Pvt Ltd         Non Convertible    CARE BB+(SO)   2500    Revised from
                                      Bonds Issue                               CARE BB+(SO)
                                      (Series A)
Mantri Infrastructure Pvt Ltd         Proposed Non       CARE BB+(SO)   2500    Revised from
                                      Convertible Bonds                         Prov CARE
                                      Issue(Series B)                           BB+(SO)
Medical Products Service              LT Bk Fac          CARE BB-       40      Assigned
Medical Products Service              LT/ Short- Term Bk CARE BB-/A4    310     Assigned
                                      Fac
Meghaaarika Impex Pvt Ltd             LT Bk Fac          CARE BB-       150     Reaffirmed
Melco India Pvt Ltd                   LT Bk Fac          CARE BBB       100     Reaffirmed
Melco India Pvt Ltd                   LT/STBk Fac        CARE BBB/A3+   1170    Reaffirmed
Mercator Ltd                          (i) LT Bk Fac- TL  CARE D         6539.7  Reaffirmed
Mercator Ltd                          (ii) LT Bk Fac- CC CARE D         500     Revised from
                                                                                CARE C
Mercator Ltd                          (iii) LT Bk Fac-   CARE D         2555.6  Revised from
                                      LOC                                       CARE C
Mercator Oil And Gas Ltd              LT Bk Fac          CARE D         992     Revised from
                                                                                CARE C (SO)
Mercator Oil And Gas Ltd              ST Bk Fac          CARE D         1240    Revised from
                                                                                CARE A4 (SO)
Mercator Petroleum Ltd                LT/ ST Bk Fac- TL  CARE D/D       950     Revised from
                                                                                CARE BB+
                                                                                /CARE A4+
(Under credit watch with developing implications)
Metro Institute Of Medical Sciences PvLT Bk Fac          CARE BBB-      1166.7  Reaffirmed
Ltd
Metro Mas Hospitals Pvt Ltd           LT Bk Fac          CARE BBB-(SO)  148     Reaffirmed
Metro Medical Services Ltd            LT Bk Fac          CARE BBB-(SO)  254.5   Reaffirmed
Metroglobal Ltd                       LT Bk Fac          CARE BBB+      205.4   Reaffirmed
(reduced from 25.00 Crore)
Milestone Gears Pvt Ltd               LT BkFac           CARE BBB       1868.5  Reaffirmed
Mittal Dewellers Pvt Ltd              LT Bk Fac          CARE BB-       600     Reaffirmed
Modern Road Makers Pvt Ltd            LT BkFac-TL        CARE A         599.4   Reaffirmed
(Increased from 42.90 Crore)
Modern Road Makers Pvt Ltd            LT BkFac-TL @      CARE A+(SO)    578.4   Reaffirmed
(Reduced from 132.27 Crore)@Unconditional and irrevocable corporate guarantee from IRB
Infrastructure Developers Ltd (IRB) to meet any shortfall in debt servicing.
Modern Road Makers Pvt Ltd            LT                 CARE A+(SO)    6250    Reaffirmed
                                      BkFac-CashCredit@
@Unconditional and irrevocable corporate guarantee from IRB Infrastructure Developers Ltd (IRB)
to meet any shortfall in debt servicing. 
Modern Road Makers Pvt Ltd            LT/ ST Bk Fac-     CARE           5500    Reaffirmed
                                      @[NonFund Based]   A+(SO)/A1+(SO)
@Unconditional and irrevocable corporate guarantee from IRB Infrastructure Developers Ltd (IRB)
to meet any shortfall in debt servicing.  
Modi Dairy                            LT BkFac           CARE BBB       422.8   Reaffirmed
Mohan Project Contractors Pvt Ltd     LT Bk Fac          CARE B         25      Reaffirmed /
                                                                                Removed from
                                                                                CARE B
(Issuer Not Cooperating)
Molagavalli Renewable Pvt Ltd         LT Bk Fac          -              -       Withdrawn*
*-CARE has withdrawn the rating assigned to the bank facilities of MRPL with immediate effect,
as the company has repaid the aforementioned bank facilities rated by us and there is no amount
outstanding under the loan as on date.   
Molagavalli Renewable Pvt Ltd         LT Instrument –    CARE A+ (SO)   3081    Reaffirmed
                                      NonConvertible                            and final
                                      Debentures(Issuance III) @                rating assigned
(reduced from Rs.313.00 Crore)
 @ backed by credit enhancement in the form of: 
 a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, rated CARE A+;
Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of
the NCDs and structured payment mechanism.
  b. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other
Issuers (Renew Wind Energy (Rajasthan One) Private Limited and Narmada Wind Energy Private
Limited) within the Restricted Group. Further all associates have unconditionally and
irrevocably guaranteed their respective Issuers.  
Mps Telecom Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
Mps Telecom Retail Ltd                LT Bk Fac          CARE BBB-      300     Revised from
                                                                                CARE BBB
(reduced from 43.00 Crore)
Mstc Ltd                              LT Bk Fac          CARE BBB       6200    Reaffirmed
Municipal Corporation                 Issuer Rating      CARE C (Is)    -       Assigned
Muthoot Vehicle And Asset Finance Ltd Non-Convertible    CARE BBB+      2000    Assigned
                                      Debenture(Proposed)
N. R. Switch N Radio Services Pvt Ltd LT Bk Fac          CARE BB        120     Reaffirmed
N. R. Switch N Radio Services Pvt Ltd LT/ST Bk Fac       CARE BB/A4     7.5     Reaffirmed
Nani Resorts And Floriculture Pvt Ltd LT Bk Fac          CARE BB        445.2
(Issuer Not Cooperating)
Narendra Sharma                       LT Bk Fac          CARE BB        2.5     Reaffirmed
Narendra Sharma                       LT / ST Bk Fac     CARE BB/A4     200     Reaffirmed
Narmada Wind Energy Pvt Ltd           LT Instrument –    CARE A+ (SO)   5409.6  Reaffirmed
                                      NonConvertible                            and final
                                      Debentures(Issuance II) @                 rating assigned
(reduced from Rs.564.00 Crore)@ backed by credit enhancement in the form of: 
 a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, rated CARE A+;
Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of
the NCDs and structured payment mechanism. 
 b. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other
Issuers (Renew Wind Energy (Rajasthan One) Private Limited and Molagavalli Renewable Private
Limited) within the Restricted Group. Further all associates have unconditionally and
irrevocably guaranteed their respective Issuers.  
National Highways Authority Of India  LT Borrowing       CARE AAA       750000  Assigned
                                      Programme for
                                      FY19-20
Ncml Finance Pvt Ltd                  Long Term/Short    CARE A+/A1+    4100    Reaffirmed
                                      TermBk Fac
Neptune Industries Ltd                LT Bk Fac          -              -       Withdrawn
New Mount Trading & Investment Co. LtdLT Bk Fac – TL I   -              -       Withdrawn
New Mount Trading & Investment Co. LtdLT Bk Fac – Fund   CARE BB+       165     Reaffirmed
                                      Based
New Mount Trading & Investment Co. LtdLT Bk Fac – TL II  CARE BB+       129.3   Reaffirmed
New Mount Trading & Investment Co. LtdLT Bk Fac – Non    CARE BBB (SO)  47.3    Reaffirmed
                                      fund based #
#The ratings for the above bank facilities are based on credit enhancement in the form of
unconditional and irrevocable corporate guarantee provided by SBW Udyog Ltd (SBWL, rated CARE
BBB; Stable / CARE A3+). 
Niagara Metals India Ltd              LT Bk Fac          CARE BB+       70      Revised from
                                                                                CARE BBB-
(Issuer Not Cooperating)
Niranjana Solar Energy Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Niranjana Solar Energy Pvt Ltd        LT Bk Fac (Forward -              -       Withdrawn
                                      Contract/Derivate
                                      Limits)
Nirman Engineers And Contractors      LT Bk Fac          CARE B+        60      Reaffirmed
Noor Impex Pvt Ltd                    LT/STBk Fac        CARE C/A4      180     Revised from
                                                                                CARE BB-/
                                                                                CARE A4
(Issuer Not Cooperating)
Nrb Industrial Bearings Ltd           LT Bk Fac – TL*    -              -       Withdrawn
*rating assigned to term loan was based on corporate guarantee of NRB Bearings Ltd and the same
has been withdrawn as the entire term loan is repaid.  
Nrb Industrial Bearings Ltd           LT Bk FacFund      CARE BBB-      662     Reaffirmed
                                      Based
(enhanced from 35.00 Crore)
Nufab Technical Textiles Pvt Ltd      LT Bk Fac          CARE BB        90.6    Revised from
                                                                                CARE BB-
(enhanced from 5.80 Crore) /(Issuer Not Cooperating)
O. C. Sweaters Llp                    LT Bk Fac          CARE BBB-      101.3   Reaffirmed
(reduced from 20.50 Crore) /(Issuer Not Cooperating)
Om Sai Intex Pvt Ltd                  LT Bk Fac          CARE BBB+      600     Reaffirmed
(enhanced from 55 crore Crore)
Optiemus Electronics Ltd              LT Bk Fac          CARE BBB-      150     Revised from
                                                                                CARE BBB
Optiemus Infracom Ltd                 LT Bk Fac          CARE BBB-      2315    Revised from
                                                                                CARE BBB
Orazone Paper Pvt Ltd                 LT Bk Fac          CARE B+        183.9   Reaffirmed
(enhanced from 15.93 Crore)
Oswal Industries Ltd                  LT BkFac           CARE BBB       407.5
(Issuer Not Cooperating)
Oswal Industries Ltd                  LT / Shortterm Bk  CARE BBB/A3+   820
                                      Fac
(Issuer Not Cooperating)
P. P. Rolling Mills Manufacturing     LT/ ST Bk Fac      CARE BB+/A4+   400     Reaffirmed
Company Pvt Ltd
P.L. Multiplex India Pvt Ltd          LT Bk Fac          CARE B         56.7
(Issuer Not Cooperating)
Panache Digilife Ltd                  LT Bk Fac          -              -       Withdrawn
Parsa Kente Collieries Ltd            LT / ST BkFac*     CARE BBB/A3+   3850    Reaffirmed*
*Reclassification of outstanding long term rating in to long term/short term ratings
Pegma Resources Pvt Ltd               LT Bk Fac          CARE BB-       65.4
(Issuer Not Cooperating)
Pegma Resources Pvt Ltd               Long –term/STBk FacCARE           115
                                                         BB-/A4
(Issuer Not Cooperating)
Perfect Filaments Ltd                 LT Bk Fac          CARE A-        1151.7  Reaffirmed
Petryc International Pvt Ltd          LT Bk Fac          CARE BB-       90
(Issuer Not Cooperating)
Prajapati Developers                  LT Bk Fac          CARE BB-       600     Re-affirmed
(enhanced from 23.00 Crore)
Prince Pipes And Fittings Ltd         LT Bk Fac – TL     CARE BBB+      1942.4  Reaffirmed
(Reduced from Rs.217.26 crore Crore)
Prince Pipes And Fittings Ltd         LT Bk Fac – Fund   CARE BBB+      1750    Reaffirmed
                                      Based
Prl Agastya Pvt Ltd                   LT Bk Fac          -              -       Withdrawn
Pv Power Technologies Pvt Ltd         LT BkFac- TL       CARE BBB-      35      Assigned
Pv Power Technologies Pvt Ltd         Long/ST – Fund     CARE BBB-/A3   250     Reaffirmed
                                      Based
Pv Power Technologies Pvt Ltd         Long/ST – Non Fund CARE BBB-/A3   280     Reaffirmed
                                      Based
(Enhanced from 25.00 Crore)
R. Vinudhanu Commerce                 LT Bk Fac          CARE B+        100     Assigned
R.G. Buildwell Engineers Ltd          LT Bk Fac          CARE BBB       380
(Issuer Not Cooperating)
R.G. Buildwell Engineers Ltd          LT/ST Bk Fac       CARE BBB/A3+   1570
(Issuer Not Cooperating)
R.N. Gupta & Co. Ltd                  LT Bk Fac          CARE BBB       434.5   Reaffirmed
(enhanced from Rs. 40.42 Crore)
Radhamohan Builders Pvt Ltd           LT Bk Fac          CARE BB        59.1
(Issuer Not Cooperating)
Rajasthan Global Securities Pvt Ltd   LT/STBk Fac        CARE A-/A2+    1000    Assigned
Rajshree Polypack Ltd                 LT Bk Fac          CARE BBB+      205.9   Reaffirmed
Rapier Machinery Manufacturing CompanyLT Bk Fac          CARE BBB       250     Revised from
Pvt. Ltd                                                                        CARE BBB+
(Under Credit Watch with developing implications)
Rci Industries And Technologies Ltd   LT Bk Fac          -              -       Withdrawn
Remira Motors Pvt Ltd                 LT Bk Fac          CARE B+        180     Reaffirmed
Renew Wind Energy (Rajasthan One) Pvt LT Instrument      CARE A+ (SO)   5519.3  Reaffirmed
Ltd                                   NCDs (Issuance I)                         and final
                                      @                                         rating assigned
(reduced from Rs.574.00 Crore)/
 @ backed by credit enhancement in the form of: 
 a. Unconditional and irrevocable promoter guarantee by Renew Power Limited (RPL, rated CARE A+;
Stable/CARE A1+) for 30% of outstanding principal amount and available throughout the tenure of
the NCDs and structured payment mechanism. 
 b. Unconditional and irrevocable co-obligor guarantee to the NCDs issued by each of the other
Issuers (Narmada Wind Energy Private Limited and Molagavalli Renewable Private Limited) within
the Restricted Group. Further all associates have unconditionally and irrevocably guaranteed
their respective Issuers. 
Revashankar Gems Ltd                  LT Bk Fac          CARE BB        400     Revised from
                                                                                CARE BB+
(Issuer Not Cooperating)
Rithwik Projects Pvt Ltd              LT Bk Fac          CARE BBB-      4430    Revised from
                                                                                CARE BBB-
(enhanced from 397.45 Crore)/[Credit Watch with Negative Implications]
Rithwik Projects Pvt Ltd              Long/ST BkFac      CARE BBB-/A3   16244.5 Revised from
                                                                                CARE
                                                                                BBB-/CARE A3
(reduced from 1670.00 Crore)/[Credit Watch with Negative Implications]
Ritzy Polymers                        LT/ Shortterm Bk   CARE BB/A4     560     Revised from
                                      Fac                                       CARE BB+/
                                                                                CARE A4+
(Issuer Not Cooperating)
Rivaaz Trade Ventures Pvt Ltd         LT NonConvertible  CARE A+(SO)    1764.1  Assigned
                                      Debenture
Rizvi Estates And Hotels Pvt Ltd      LT BkFac           CARE BB-       180     Reaffirmed
Rmc Switchgears Ltd                   LT Bk Fac          CARE BB+       170.4   Reaffirmed
Rodic Consultants Pvt Ltd             LT Bk Fac (TL)     CARE A         358.5   Reaffirmed
(reduced from 37.27 Crore)
Rpg Industrial Product Pvt Limted     LT Bk Fac          CARE BBB-      150     Revised from
                                                                                CARE BBB
(Issuer Not Cooperating)
S N Super Speciality Hospital Pvt Ltd LT BkFac           CARE BB        267.5   Reaffirmed
S&J Granulate Solutions Pvt Ltd       LT Bk FacST Bk Fac CARE B+/CARE A4178.2   Reaffirmed
(reduced by Rs.2.18 crore Crore)3
Sabyasachi Couture                    LT/ST BkFac        CARE A-/A2+    600     Reaffirmed
Sahiba Ltd                            LT Bk Fac          CARE BBB+      279.6   Reaffirmed
(enhanced from Rs.64.42 crore Crore)
Sahiba Ltd                            LT / Shortterm Bk  CARE BBB+/A2   400     Reaffirmed
                                      Fac
Sai Silks (Kalamandir) Ltd            LT Bk Fac          CARE A-        1497.2  Revised from
                                                                                CARE BBB+
Salim Paper Pvt Ltd                   LT Bk Fac          CARE B         120.8   Revised from
                                                                                CARE B+
Samhi Hotels (Ahmedabad) Pvt Ltd      LT Bk Fac- TL      CARE BBB-      430     Reaffirmed
Samhi Hotels (Ahmedabad) Pvt Ltd      LT Bk Fac- CC      CARE BBB-      180     Reaffirmed
Sangha Refrigeration                  LT Bk Fac          CARE B+        102.2   Reaffirmed
(reduced from Rs.11.04 crore Crore)
Sanghi Brothers (Indore) Pvt Ltd      LT BkFac           CARE BB+       820
(Issuer Not Cooperating)
Saptam Decore Pvt Ltd                 LT Bk Fac          CARE B+        400     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Saraswati Associates Company          LT Bk Fac          CARE B+        35      Reaffirmed
Sbw Udyog Ltd                         LT Bk Fac- TL      CARE BBB       222.5   Assigned
Sbw Udyog Ltd                         LT Bk Fac- CC      CARE BBB       325     Reaffirmed
Scm Silks Pvt Ltd                     LT Bk Fac          CARE BBB+      500     Reaffirmed
Sebacic India Ltd                     LT Bk Fac          CARE D         64      Reaffirmed
(reduced from 25.95 Crore)
Sebacic India Ltd                     Long/ ST Bk Fac    CARE D/D       159.3   Reaffirmed
Securens Systems Pvt Ltd              LT BkFac           CARE BB-       440.2
(Issuer Not Cooperating)
Sewri Engineering Company Pvt Ltd     LT Bk Fac          CARE B+        49.5
(Issuer Not Cooperating)
Shanker Plastic Products              LT Bk Fac          CARE B+        140
(Issuer Not Cooperating)
Sharda Agri Foods Pvt Ltd             LT Bk Fac          -              -       Withdrawn
Shiv Gorakh Timber Pvt Ltd            LT Bk Fac          CARE B         12.5    Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Shiv Shakti Float Glasses Pvt Ltd     LT Bk Fac          CARE B+        172.5   Revised from
                                                                                CARE BB
 (Issuer Not Cooperating)
Shivam Traders                        LT Bk Fac          CARE BBB+      1500    Reaffirmed
Shree Rupandham Steel Pvt Ltd         LT Bk Fac          CARE BB        50
(Issuer Not Cooperating)
Shree Rupandham Steel Pvt Ltd         LT/ST Bk Fac       CARE BB: /A4   100
(Issuer Not Cooperating)
Shri Dinesh Mills Ltd                 LT Bk Fac          CARE A-        86.2    Reaffirmed
(reduced from Rs.12.39 crore Crore)
Shri Krishna Motor Company            LT Bk Fac          CARE BB-       85      Reaffirmed
Shri Siddhi Vinayak Trust             LT BkFac           CARE BB-       44.5    Revised from
                                                                                CARE BB
(Issuer Not Cooperating)
Shri Sona Traders                     LT Bk Fac          CARE B+        120     Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Shri Venkatesh Trading Company        LT Bk Fac          CARE B+        70      Reaffirmed
Shubh Shagun Packaging Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Shyamsunder Grain Products Pvt Ltd    LT Bk Fac          CARE B         150     Revised from
                                                                                CARE B+
(Issuer Not Cooperating)
Skema Internataional Pvt Ltd          LT Bk Fac          CARE BB-       43.4    Reaffirmed
Skema Internataional Pvt Ltd          LT/ST Bk Fac       CARE BB-/CARE  60      Reaffirmed
                                                         A4
Sky Industries Ltd                    LT Bk Fac          -              -       Withdrawn
Sky Industries Ltd                    LT/ST Bk Fac       -              -       Withdrawn
Slmi Infra Projects Pvt Ltd           LT Bk Fac          CARE BB        200     Reaffirmed
Sml Finance Ltd                       LT Bk Fac          CARE BB        750     Revised from
                                                                                CARE BB+
(enhanced from 67.50 Crore)
Snd Ltd                               LT Bk Fac - TL     CARE BBB+      1712    Revised from
                                                                                CARE A-
(reduced from 193.43 Crore)
Snd Ltd                               LT Bk Fac - CC     CARE BBB+      1000    Revised from
                                                                                CARE A-
Sorathia Velji Ratna & Company        LT Bk Fac          CARE BBB+      195     Reaffirmed
(reduced from Rs.24.50 crore Crore)
Sorathia Velji Ratna & Company        LT/STBk Fac        CARE BBB+/A3+  1205    Reaffirmed
(enhanced from Rs.105.50 crore Crore)
Spaceage Storage Concepts Pvt Ltd     LT Bk Fac          CARE B         45      Assigned
Sri Savitr Solar Pvt Ltd              LT Bk Fac#         -              0       Withdrawn
#the rating assigned to long term bank facility (term Loan) has been withdrawn since NOC and
Letter of withdrawal received for the same to withdraw the rating.
Sri Savitr Solar Pvt Ltd              LT Bk Fac          CARE BB        370     Reaffirmed
(Enhanced fromRs.28.50crore Crore) Removed from Non-Cooperation
Suganthi Educational Trust            LT BkFac           CARE BB+       630     Revised from
                                                                                CARE BBB-
(Issuer Not Cooperating)
Sun Direct Tv Pvt Ltd                 LT BkFac           CARE BBB+      6213.5  Reaffirmed
(reduced from 775.61 Crore)
Sunflag Iron And Steel Co. Ltd        LT Bk Fac          CARE A         4527.5  Reaffirmed
(reduced from Rs 472.07 crore Crore)
Sunflag Iron And Steel Co. Ltd        LT/ST BkFac        CARE A/A1      3481    Reaffirmed
Sunhill Hospitals Pvt Ltd             LT Bk Fac          CARE BBB-(SO)  123.9   Reaffirmed
Sunlex Fabrics Pvt Ltd                LT Bk Fac          CARE BB+       96.7    Reaffirmed
(reduced from Rs.12.31 crore Crore)
Sunlex Fabrics Pvt Ltd                LT / ST Bk Fac     CARE BB+/A4+   226.5   Reaffirmed
(enhanced from Rs.16.04 crore Crore)
Sunmark Energy Projects Ltd           LT Bk Fac          CARE BBB-      565.7
(Issuer Not Cooperating)
Sunrise Industries_(Delhi)            LTBk Fac           CARE B+        60      Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Suraj Ltd                             LT / Shortterm Bk  CARE BB+/A4+   940.5
                                      Fac
(reduced from Rs.98.80 Crore)
Sushee Ivrcl Arunachalhighways Ltd    LT Bk Fac          CARE B         2340    Revised from
                                                                                CARED
Sushee Ivrcl Arunachalhighways Ltd    LT/ST BkFac        CARE B/A4      743     Revised from
                                                                                CARED
Suvidha Microfin                      LT Bk Fac          CARE BB-       100     Reaffirmed
(increased from 9.875 Crore)
Suzlon Energy Ltd                     LT / ST Bk Fac     CARE D         64060   Revised from
                                                                                CARE BB/CARE
                                                                                A4
( increased from 4442.21 Crore)
Suzlon Energy Ltd                     LT Bk Fac          CARE D         97794.6 Revised from
                                                                                CARE BB
(reduced from 9823.71 Crore)
Tata Industries Ltd                   Proposed NCD       -              -       Withdrawn
                                      Issue/TL
Tata Industries Ltd                   Proposed NCD Issue CARE AAA       60000   Assigned
Tcns Ltd                              LT/ST Bk Fac       CARE BB+/A4+   200     Reaffirmed
(reduced from 22.00 Crore)
Tejankar Health Care & Research       LT Bk Fac          CARE B+        138.8   Revised from
Institute Pvt Ltd                                                               CARE B
Teleecare Network India Pvt Ltd       LT Bk Fac          CARE BBB-      900     Revised from
                                                                                CARE BBB
(reduced from 171.00 Crore)
Temple Packaging Pvt Ltd              LT Bk Fac          -              -       Withdrawn*
*The ratings on the facilities have been withdrawn upon company s request and NOC obtained from
lenders
Temple Packaging Pvt Ltd              LT Bk Fac          CARE BBB       44.6
(Issuer Not Cooperating)
Tesla Transformers (India) Ltd        LT / ST Bk Fac     CARE BBB/A3+   450     Assigned

Thane Steels Ltd                      LT Bk Fac          CARE BB        278.4   Reaffirmed
Thane Steels Ltd                      Long / ST BkFac    CARE BB/A4     21.5    Reaffirmed
Thdc India Ltd                        LT Bk Fac (TL)     -              -       Withdrawn
Thdc India Ltd                        Long- term Bonds   CARE AA+       6000    Reaffirmed
The Chennai Silks                     LT Bk Fac          CARE BBB+      500     Reaffirmed
The Singareni Collieries Co. Ltd      LT Bk Fac          CARE AA        4310    Revised from
                                                                                CARE AA-
Tirupati Balaji Fibres Ltd            LT Bk Fac          CARE BBB-      280     Reaffirmed
(reduced from 38.62 Crore)
Topline Lamination Pvt Ltd            LT Bk Fac          CARE BB-       80      Revoked from
                                                                                CARE BB-
(Issuer Not Cooperating)
Trilok And Associates                 LT Bk Fac          CARE B+        41.6    Revised from
                                                                                CARE BB-
(Issuer Not Cooperating)
Trilok And Associates                 LT/Shortterm Bk    CARE B+/A4     58.4    Revised from
                                      Fac                                       CARE BB- /
                                                                                CARE A4
(Issuer Not Cooperating)
Tuaman Engineering Ltd                LT Bk Fac (Fund    -              -       Withdrawn
                                      based)
Tulsi Palace Resort Pvt Ltd           LT Bk Fac          CARE BBB-      944.6   Assigned
Unison Metals Ltd                     LT Bk Fac          CARE BB        205     Reaffirmed
(reduced from 21.77 Crore)
Universal Metal Co. Ltd               LT Bk Fac          CARE BB        124.6   Reaffirmed
(reduced from Rs.12.75 Crore)
Unovel Industries Pvt Ltd             LT Bk Fac*         CARE BBB-      355     Reaffirmed
(enhanced from 31.5 Crore)/*Backed by unconditional and irrevocable corporate guarantee extended
by Ebullient Packaging Private Limited
V.D. Motors Pvt Ltd                   LT BkFac           CARE B+        180     Reaffirmed
Vento Ceramic                         LT Bk Fac          -              -       Withdrawn
Vinko Auto Industries Ltd             LT Bk Fac          CARE BB+       53.7
(Issuer Not Cooperating)
Vishwatma Solar Energy Pvt Ltd        LT Bk Fac          -              -       Withdrawn
Vishwatma Solar Energy Pvt Ltd        LT Bk Fac (Forward -              -       Withdrawn
                                      Contract/Derivate
                                      Limits)
Yash Knitwear                         LT Bk Fac          CARE BB-       120     Reaffirmed
Zigma Laminates And Systems Pvt Ltd   LT Bk Fac          -              -       Withdrawn
--------------------------------------------------------------------------------------------
$: 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)
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