Jan 1 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of December 31, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Accent Microcell Pvt Ltd ST Bk Fac CARE A3 125 Reaffirmed
(enhanced from 10.50 Crore)
Achiever Apparels Pvt Ltd ST Bk Fac CARE A4+ 140 Assigned
Alfa Ica (India) Ltd ST Bk Fac CARE A3 3 Reaffirmed
Allanasons Pvt Ltd ST Bk Fac CARE A1+ 22000 Reaffirmed
Annadata Rice Mill ST Bk Fac CARE D 5.4
Revised from CARE A4+ ; (reduced from 0.66 Crore)
Captain Polyplast Ltd ST Bk Fac CARE A4+ 715
Revised from CARE A3 ; (enhanced from Rs.46.50 Crore)
Deepak Vegpro Pvt Ltd ST Bk Fac CARE A3 50 Reaffirmed
Eswar Rubber Products Pvt Ltd ST Bk Fac CARE A4 22.5 Reaffirmed
Freewill Sports Pvt Ltd ST Bk Fac CARE A2+ 30 Reaffirmed
Ganesh Grains Ltd ST Bk Fac CARE A3 37.5 -
Issuer not Cooperating; Revised from CARE A2 ; Based on best available information
Gangadhar Jena ST Bk Fac CARE A4 150
Revised from CARE A4+
Greenway Clothings India Pvt Ltd ST Bk Fac CARE A4; 113.7
Issuer not Cooperating; Based on best available information
Havells India Ltd Corporate CARE CGR 2+ - Reaffirmed
Governance Rating
Lkp Infra Projects ST Bk Fac CARE A4 39.5
Reaffirmed and removed from non-co-operation; (reduced from 2.50 crs)
M.S. Jewellers ST Fac CARE A4; 20 -
Issuer not Cooperating; Based on best available information
Maithon Power Ltd CP Issue CARE A1+ 4500 Assigned
Mohindra Coaches (India) Pvt Ltd ST Bk Fac CARE A4 60
Reaffirmed and removed from Issuer Non Cooperation
Orient Craft Ltd ST Bk Fac CARE A4+ 7000
Revised from CARE A3+;
Pack Print Industries (India) Pvt Ltd ST Bk Fac CARE A4+ 45
Revised from CARE A4
Pallishree Ltd Long/ST Bk Fac CARE A3+ 4
Revised from CARE A2
Satyeshwar Himghar Pvt Ltd ST Bk Fac CARE D 1.8
Revised from CARE A4
Sainsons Paper Industries Pvt Ltd ST Bk Fac-NonFund CARE A3+ 20 Reaffirmed
Based
Seth Industrial Corporation ST Bk Fac CARE A3 550 Reaffirmed
(enhanced from 10.00 Crore)
Shoppers Stop Ltd CP Issue - - Withdrawn
Spl Industries Ltd Short- term Bk Fac - - Withdrawn
(BG)
Suven Life Sciences Ltd ST Bk Fac - Fund - -
Based
Reaffirmed at CARE A1 (Credit watch with Developing Implications) and Withdrawn
Suven Life Sciences Ltd ST Bk Fac - Non - -
Fund based
Reaffirmed at CARE A1 (Credit watch with Developing Implications) and Withdrawn
The State Trading Corporation Of IndiaST Bk Fac CARE D 40000 -
Ltd
Issuer not Cooperating; Based on best available information
Usha Breco Ltd ST Bk Fac CARE A2+ 60 Reaffirmed
(enhanced from 1.00 Crore)
Vijay Solvex Ltd ST Bk Fac CARE A3 830 Reaffirmed
(enhanced from Rs.73 Crore)
Vrp Telematics Pvt Ltd ST Bk Fac CARE A3 950 Reaffirmed
Western Carriers (India) Ltd ST Bk Fac CARE A3+ 50 Reaffirmed
LONG TERM RATINGS:
-------------------
Accent Microcell Pvt Ltd LT Bk Fac CARE BBB-; 66 Reaffirmed
Stable
(reduced from 10.76 Crore)
Accent Microcell Pvt Ltd LT/ short term Bk CARE BBB-; 130 Reaffirmed
Fac Stable /CARE A3
(enhanced from 11.25 Crore)
Accord Udyog Pvt Ltd LT Bk Fac CARE B; Stable 80 Reaffirmed
Alfa Ica (India) Ltd LT Bk Fac/ ST Bk CARE BBB; 120 Reaffirmed
Fac Stable /CARE A3
Annadata Rice Mill LT Bk Fac CARE D 92.2
Revised from CARE BB+; Stable; (reduced from 10.36 Crore)
B. K. Roy Pvt Ltd LT Bk Fac CARE BBB+; 250
Stable
Revised from CARE A-; Stable
Balaji Speciality Chemicals Pvt Ltd LT Bk Fac CARE AA- (CE); 1189.4 Reaffirmed
Stable
(reduced from 125.00 Crore)
Balaji Speciality Chemicals Pvt Ltd LT/ST Bk Fac CARE AA- (CE); 500 Reaffirmed
Stable/CARE
A1+ (CE)
Biff And Bright Welfare Society LT Bk Fac CARE BB+; 131.2
Stable
Revised from CARE BBB-; Stable on the basis of best available information
Birbhum Chemicals And Fertilisers Ltd LT Bk Fac CARE BBB+; 730
Stable
Revised from CARE A-; Stable
Bisui Poultry Pvt Ltd LT Bk Fac CARE D 77
Revised CARE B+; Stable; Issuer not Cooperating ; (reduced from 8.75 Crore)
Brindavan Bottlers Pvt Ltd LT Bk Fac (Fund CARE BB+ 200
based)
Revised from CARE BBB; Issuer not Cooperating; Based on best available information
Brindavan Bottlers Pvt Ltd LT Bk Fac (TL) CARE BB+ 614.5
Revised from CARE BBB; Issuer not Cooperating; Based on best available information
Captain Polyplast Ltd LT Bk Fac CARE BB+; 205
Stable
Revised from CARE BBB-; Negative
Cosmopolitan Hospitals Pvt Ltd LT Bk Fac - - Withdrawn
Deepak Vegpro Pvt Ltd LT Bk Fac CARE BBB-; 150 Reaffirmed
Stable
Deepak Vegpro Pvt Ltd LT/ST Bk Fac CARE BBB-; 800 Reaffirmed
Stable/CARE A3
(enhanced from Rs.55 Crore)
Eswar Rubber Products Pvt Ltd LT Bk Fac CARE BB; 170
Stable
Revised from CARE BB-; Stable
Freewill Sports Pvt Ltd LT Bk Fac CARE A; Stable 352.1 Reaffirmed
(reduced from 36.48 Crore)
Ganesh Foods LT Bk Fac CARE B; Stable 160 -
Issuer not Cooperating; Based on best available information
Ganesh Grains Ltd LT Bk Fac CARE BBB-; 861.8 -
Stable
Issuer not Cooperating; Revised from CARE BBB+; Stable on the basis of best available
information
Gangadhar Jena LT Bk Fac CARE BB+; 130 Reaffirmed
Stable
Generic Engineering Construction And LT Bk Fac CARE BBB; 180 Reaffirmed
Projects Ltd Stable
Generic Engineering Construction And LT/ST Bk Fac CARE BBB; 240 Reaffirmed
Projects Ltd Stable/CARE A3+
Gopal Shivhare LT Bk Fac CARE D 50
“Issuer not Cooperating; Based on best available information”
Gopal Shivhare LT /ST Bk Fac CARE D/CARE D 30
“Issuer not Cooperating; Based on best available information”
Greenway Clothings India Pvt Ltd Long -term Bk Fac CARE BB- Stable36.3 -
Issuer not Cooperating; Revised from CARE BB; Stable Based on best available information
Indip Industrial Parks (Vizag) Pvt LtdLT Bk Fac CARE BBB-; 423.6
(Formerly Mn Industrial Parks Pvt Ltd) Stable
Revised from CARE BB+; Stable ; (Enhanced from 36.50 Crore)
Jagat Agro LT Bk Fac - - Withdrawn
Kamla Shivhare LT Bk Fac CARE D 47
“Issuer not Cooperating; Based on best available information”
Kamla Shivhare LT /ST Bk Fac CARE D/CARE D 30
“Issuer not Cooperating; Based on best available information”
Laxminarayan Shivhare LT Bk Fac CARE D 70
“Issuer not Cooperating; Based on best available information”
Laxminarayan Shivhare LT /ST Bk Fac CARE D/CARE D 30
“Issuer not Cooperating; Based on best available information”
Lkp Infra Projects LT Bk Fac- -
Proposed Over
Draft#
Withdrawn; #As confirmed by the management, the firm has not availed proposed overdraft facility
with any bank or financial institution.
Lkp Infra Projects LT Bk Fac CARE B; Stable 41.4
Reaffirmed and removed from non-co-operation; (reduced from 5.59 crs)
Louroux Bio Energies Pvt Ltd LT Bk Fac CARE BBB+; 1745.6 Reaffirmed
Stable
(reduced from 190.65 Crore)
M.S. Jewellers Long -term Bk Fac CARE B+; Stable45 -
Issuer not Cooperating; Revised from CARE BB- ; Stable on the basis of best available
information
Maithon Power Ltd LT Bk Fac- TL CARE AA; 8601.7 Reaffirmed
Stable
(reduced from 1050.00 Crore)
Maithon Power Ltd NCDs (NCDs) CARE AA; 5000 Reaffirmed
Stable
Mohindra Coaches (India) Pvt Ltd LT Bk Fac CARE B+; 25
Stable
Reaffirmed and removed from Issuer Non Cooperation
Mrt Signals Ltd LT Bk Fac CARE A-; 150 Reaffirmed
Stable
(enhanced from 14 Crore)
Mrt Signals Ltd Long/ST Bk Fac CARE A-; 970 Reaffirmed
Stable/CARE A2
(enhanced from 78 Crore)
Orient Craft Ltd LT Bk Fac CARE BB+; 3678.6
Stable
Revised from CARE BBB; Stable
Pack Print Industries (India) Pvt Ltd LT Bk Fac CARE BB+; 194.4
Stable
Revised from CARE BB; Stable
Pallishree Ltd LT Bk Fac CARE BBB+; 759.2
Stable
Revised from CARE A-; Stable ; (reduced from Rs.76.66 Crore)
Reliance Diamond Tools LT Bk Fac CARE BB-; 95.6 Assigned
Stable
Rupa Dyeing And Printing Pvt Ltd LT Bk Fac CARE BBB-; 9.3 Reaffirmed
Stable
(reduced from 1.59 Crore)
Rupa Dyeing And Printing Pvt Ltd LT/ ST Bk Fac CARE BBB-; 40 Reaffirmed
Stable/CARE A3
Sadbhav Udaipur Highway Pvt Ltd LT Bk Fac CARE BBB+; 4270
Stable
Revised from CARE A-; Stable
Sainsons Paper Industries Pvt Ltd LT Bk Fac-TL CARE BBB+; 339.2 Reaffirmed
Stable
(enhanced from Rs.27.15 crores Crore)
Sainsons Paper Industries Pvt Ltd LT Bk Fac-Fund CARE BBB+; 270 Reaffirmed
Based Stable
(enhanced from Rs.22.00 crores Crore)
Sanjiv Prakashan LT Bk Fac CARE BBB-; 141.7 Reaffirmed
Stable
Satyeshwar Himghar Pvt Ltd LT Bk Fac CARE D 114.2
Revised from CARE B; Stable; (Reduced from 12.19 Crore)
Seth Industrial Corporation LT Bk Fac CARE BBB-; 504.2
Negative
Reaffirmed; Outlook revised from Stable to Negative
Sharda Educational Trust LT Bk Fac (TL) - -
Reaffirmed at CARE BBB-; Stable and Withdrawn
Sharda Educational Trust Long- term Bk Fac - - -
(BG)
Sharda Educational Trust Short- term Bk Fac - -
(Bk Overdraft)
Reaffirmed at CARE A3 and Withdrawn
Siderforgerossi India Pvt Ltd LT Bk Fac CARE BBB-; 300 Reaffirmed
Stable
(enhanced from 17.00 Crore)
Skipper Ltd LT Bk Fac CARE BBB+; 5739.1
Stable
Revised from CARE A; Negative
Skipper Ltd LT/ST Bk Fac CARE BBB+; 13920
Stable/CARE A2
Revised from CARE A; Negative/CARE A1
Spl Industries Ltd LT Bk Fac (TL) - - Withdrawn
Spl Industries Ltd Short- term Bk Fac - - Withdrawn
(EPC/PSC)
Suven Life Sciences Ltd LT Bk Fac - TL - - Withdrawn
Suven Life Sciences Ltd LT Bk Fac – Fund - -
based
Reaffirmed at CARE A (Credit watch with developing implications) and Withdrawn
The Gold Fort LT Bk Fac CARE BB-; 70
Stable
Reaffirmed and revoked from Issuer not Cooperating
The State Trading Corporation Of IndiaLT Bk Fac CARE D 20000 -
Ltd
Issuer not Cooperating; Based on best available information
Usha Breco Ltd LT Bk Fac CARE A; Stable 1189.1 Reaffirmed
(reduced from 127.18 Crore)
Veritas Finance Pvt Ltd LT Bk Fac CARE BBB+; 6500 Reaffirmed
Stable
[enhanced from 400 CRS]
Vijay Solvex Ltd LT Bk Fac CARE BBB-; 370 Reaffirmed
Stable
(enhanced from Rs.27 Crore)
Vinodsai Agricold Storage Llp LT Bk Fac CARE B+; 106.7 Reaffirmed
Stable
(Reduced from 11.50 Crore)
Vrp Telematics Pvt Ltd LT Bk Fac CARE BBB-; 450 Reaffirmed
Stable
Western Carriers (India) Ltd LT Bk Fac CARE BBB+; 1240 Reaffirmed
Stable
Yogakshemam Loans Ltd LT Bk Fac CARE BBB-; 250 Reaffirmed
Stable
(enhanced from 15.00 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@refinitiv.com)
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