Dec 20 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 19, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Exel Rubber Ltd ST Bk Fac CARE A1+ 611.5 Reaffirmed
Ezentech India Pvt Ltd ST Bk Fac CARE A4+ 100 Assigned
Glochem Industries Pvt Ltd ST BkFac CARE A3+ 155 Revised from
CARE A2
Hcp Design Planning And Management PvtST Bk Fac - - Reaffirmed at
Ltd CARE BB;
Stable /CARE A4
and withdrawn
(Issuer Not Cooperating)
Indiabulls Properties Pvt Ltd CP -- - Withdrawn
Indiabulls Real Estate Company Pvt LtdCP -- - Withdrawn
Kovai Medical Center And Hospital Ltd ST Bk Fac CARE A1+ 340 Reaffirmed
(enhanced from 30.00 Crore)
Krishna Global Marbles & Stone Llp ST Fac CARE A4 50 Assigned
Rajeev Gupta ST Bk Fac - - Reaffirmed at
CARE A4
andWithdrawn
The Malayala Manorama Co. Ltd ST BkFac CARE A1+ 800 Reaffirmed
Unity Fabtext Industries Pvt Ltd ST Bk Fac CARE D 6 Assigned
LONG TERM RATINGS:
-------------------
Ahmedabad Ring Road Infrastructure LtdLT BkFac CARE A 2172.2 Revised from
CARE A+
(Under Credit watch with Developing Implications)
Arvind Goodhill Suit Manufacturing PvtLT BkFac CARE BBB; 80.5 Revised from
Ltd Stable CARE BBB+;
Stable
(reduced from 15.40 Crore)
Arvind Goodhill Suit Manufacturing PvtLT / ST Bk Fac CARE BBB; 200 Revised from
Ltd Stable /CARE CARE BBB+;
A3+ Stable/ CARE A2
Binjhabahal To Telebani Section (Km LT Bk Fac CARE A- 4904.7
414.00 To Km 491.71) Of Nh-6 (New
Nh-49) Highway Pvt Ltd...
(Reduced from 557.47 Crore) /Placed on credit watch with developing implications
Exel Rubber Ltd LT Bk Fac CARE A+; 170 Reaffirmed
Stable
Ezentech India Pvt Ltd LT Bk Fac CARE BB+; 123.5 Assigned
Stable
Ezentech India Pvt Ltd LT/ST Bk Fac CARE BB+; 2.4 Assigned
Stable/CARE A4+
Fdcm Esselworld Gorewada Zoo Pvt Ltd LT Bk Fac- CARE BB; 1500 Assigned
Proposed TL Stable
Glochem Industries Pvt Ltd LT BkFac CARE BBB; 212 Revised from
Stable CARE BBB+;
Stable
(reduced from Rs.26 Crore)
Glochem Industries Pvt Ltd LT/Shortterm Bk FacCARE BBB; 100 Revised from
Stable/CARE A3+ CARE BBB+;
Stable/ CARE A2
Greenesol Power Systems Pvt Ltd LT Bk Fac CARE BBB-; 60 Revised from
Stable CARE BB+;
Stable
Greenesol Power Systems Pvt Ltd LT/ST BkFac CARE BBB-; 240 Revised from
Stable /CARE A3 CARE BB+;
Stable/ CARE A4+
Hcp Design Planning And Management PvtLT Bk Fac - - Reaffirmed at
Ltd CARE BB;
Stable and
Withdrawn
(Issuer Not Cooperating)
Hindustan Equipments Pvt Ltd LT BkFac CARE BB+; 497.1@ Revised from
Stable CARE BBB;
Stable
(reduced from Rs. 58.27 Crore)/@Rs. 7.50 crore reclassified from LT to LT/ST and Rs.12.50 crore
reclassified from ST to LT/ST
Hindustan Equipments Pvt Ltd LT/Shortterm Bk FacCARE BB+; 396@ Revised from
Stable/CARE A4+ CARE BBB;
Stable/ CARE A3
(enhanced from Rs. 9.60 Crore)/@Rs. 7.50 crore reclassified from LT to LT/ST and Rs.12.50 crore
reclassified from ST to LT/ST
Inarco Pvt Ltd LT BkFac (TL) - - Withdrawn
Inarco Pvt Ltd LT/STBk Fac CARE BBB; 100 Reaffirmed
Stable/CARE A3+
(Outlook revised from Positive to Stable)
Jay Iber Pvt Ltd LT BkFac CARE B; Stable 55.7
(Issuer Not Cooperating)
Kovai Medical Center And Hospital Ltd LT Bk Fac CARE A+; Stable6234.2 Reaffirmed
(reduced from 664.98 Crore)
Krishna Global Marbles & Stone Llp LT Fac CARE BB; 45.9 Assigned
Stable
Krishna Global Marbles & Stone Llp LT / ST BkFac CARE BB; 205 Assigned
Stable/CARE A4
Manisha Creations LT Bk Fac CARE BB; 165 Reaffirmed
Stable
(enhanced from 14.00 Crore)
Mithila Cars Pvt Ltd LT Bk Fac CARE D 300 Revised from
CARE C;Stable
(Issuer Not Cooperating)
Northern Arc 2019 Cv Series A2 PTC ProvCARE A (SO)- Assigned
Wendell
Originator: Kogta Financial
India Ltd
Northern Arc 2019 Cv Series A1 PTC Prov CARE AA- - Assigned
Wendell Originator: Kogta Financial (SO)
India Ltd
P.K. Metal Industries LT Bk Fac CARE D 64.5 Revised from
CARE B+;
Stable
Rajeev Gupta LT Bk Fac - - Reaffirmed at
CARE BB;
Stable and
Withdrawn
Rajiv Chowk Sohna Highway Pvt Ltd LT BkFac CARE A- 3378*
Placed on credit watch with developing implications /* Includes Bank Guarantee amounting to
Rs.78 crore as Sub-limit of this term loan facility.
Satguru Agro Industries Ltd LT Bk Fac CARE B- 205
(Issuer Not Cooperating)
Scasa Nutrients Pvt Ltd LT Bk Fac CARE BB-; 200 Assigned
Stable
Shivshanti Hospitality Pvt Ltd LT Bk Fac CARE B;Stable 100
(Issuer Not Cooperating)
Shree Geeta Textile Mills Pvt Ltd LT Bk Fac CARE D 438.1 Revised from
CARE B+;
Stable
Shri Dattaprabhu Agro Industries Pvt LLT Bk Fac CARE D 109.4 Reaffirmed
Sophisticated Industrial Materials LT BkFac CARE BB+; 103 Reaffirmed
Analytic Labs Pvt Ltd Stable
(enhanced from 5.83)/removed from Issuer Not Cooperating
Sophisticated Industrial Materials LT/ ST Bk Fac CARE BB+; 170
Analytic Labs Pvt Ltd Stable/CARE A4+
(enhanced from 12.00)/removed from Issuer Not Cooperating
St. Patricks Realty Pvt Ltd LT BkFac CARE BBB (CE) 1750
(Placed on credit watch with developing implications)
Sweta Estates Pvt Ltd LT BkFac CARE BBB (CE) 3750
Placed on credit watch with developing implications
The Malayala Manorama Co. Ltd LT BkFac CARE AA; 2948.5 Reaffirmed
Stable
(reduced from 299.05 Crore)
Unity Fabtext Industries Pvt Ltd LT Bk Fac CARE D 94 Assigned
Women’S National Educational Society LT Bk Fac CARE B+; Stable50.5 Revised from
CARE B; Stable
(Reduced from Rs.5.67 Crore)
--------------------------------------------------------------------------------------------
$: 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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