Jan 14 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of January 13, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Armaan Industries Pvt Ltd ST Bk Fac - - Reaffirmed at
CARE A4 and
Simultaneously
withdrawn
Ajanta Shoes (India) Pvt Ltd ST Bk Fac CARE A2+ 35 Revised from
(Non-Fund Based) CARE A1
(reduced from9.50 Crore)
Aklavya Industries Pvt Ltd ST Bk Fac - - Reaffirmed at
CARE A4 and
Simultaneously
Withdrawn
Exclusive Steel & Casting Pvt Ltd ST BkFac CARE A4 5 -
Issuer did not cooperate; Based on best available information
Gajender Infratech Pvt Ltd ST Bk Fac CARE A4 26 Reaffirmed
J V Steel Tubes ST Bk Fac CARE A4 20 Assigned
Lakshmi Vacuum Technologies Pvt Ltd ST Bk Fac CARE A4 105.9 -
Issuer did not cooperate; Based on best available information
Jay Kishan Fibre Pvt Ltd ST BkFac - - Withdrawn @
@ The Company has completely surrendered the limit and there are no outstanding under the same.
Taking cognizance of the fact, CARE has withdrawn the rating assigned to the above mentioned
short term bank facility.
Girdhar Tents Pvt Ltd ST Bk Fac - - Withdrawn
Shri Venkatesh Udyog ST Bk Fac - - -
CARE A4 and Withdrawn
Markwell International ST Bk Fac CARE A4 30 Reaffirmed
Piccolo Mosaic Ltd ST BkFac CARE A3 5 -
Issuer did not cooperate; Based on best available information
Mukherjee Enterprise ST Bk Fac - - CARE A4
Issuer Not Cooperating and Withdrawn
R. S. Infra Transmission Ltd ST Bk Fac - - Withdrawn
Miot Hospitals Pvt Ltd ST BkFac - - Withdrawn
(Reduced from 11.50 Crore)
New India Roadways ST Bk Fac - - Reaffirmed &
Withdrawn
Sri Ganapathy Enterprises ST Bk Fac CARE A4 7.5 -
Issuer did not cooperate; Based on best available information
Sri Pavithra Constructions ST BkFac CARE A4 100 -
Issuer did not cooperate; Based on best available information
Sunbeam Enterprises ST Bk Fac CARE A4 50 Reaffirmed
LONG TERM RATINGS:
-------------------
Aastha Fashions Pvt Ltd LT BkFac - - Reaffirmed at
CARE BB-
Ajanta Footcare (India) Pvt Ltd Long / ST Bk Fac @ CARE A- (CE) / 65 Revised from
Stable/A2+ (CE) CARE A
(CE);Stable/
CARE A1 (CE)
(Credit Enhancement),@ Backed by unconditional and irrevocable corporate guarantee provided by
Ajanta Shoes (India) Pvt Ltd
Ajanta Shoes (India) Pvt Ltd Long/ ST Bk Fac CARE 300 Revised from
(Fund/Non-Fund A-/Stable/A2+ CARE A Stable
Based) /CARE A1
Ajanta Shoes (India) Pvt Ltd LT Bk Fac (Fund CARE A-Stable 290 Revised from
Based) CARE A Stable
(enhanced from 21.00 Crore)
Ajanta Shoes (India) Pvt Ltd LT Bk Fac CARE A-Stable 50 Revised from
(Non-Fund Based) CARE A Stable
Aklavya Industries Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB-
Stable
Apical Exim Pvt Ltd LT/ST BkFac - - Reaffirmed at
CARE BB+
Stable
Armaan Industries Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB-
Stable
Canara Goods Transport LT Bk Fac - - Reaffirmed at
CARE B+Stable
D. C. Corporation LT Bk Fac CARE BB/Stable 70 -
ISSUER NOT COOPERATING
Exclusive Steel & Casting Pvt Ltd LT/ Shortterm Bk CARE 115 -
Fac BB-/Stable/A4
ISSUER NOT COOPERATING
Gajender Infratech Pvt Ltd LT Bk Fac CARE BB/Stable 291.3 Reaffirmed
Girdhar Tents Pvt Ltd LT Bk Fac - - Withdrawn
Goel Coal Sizing Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE BB-
ISSUER NOT COOPERATING
Gokul Ginning & Oil Industries LT Bk Fac - - Reaffirmed at
CARE B+
ISSUER NOT COOPERATING
Ishika Packaging Pvt Ltd LT BkFac CARE B/Stable 84.6 Revised from
CARE B-
(reduced from 10.01 Crore),ISSUER NOT COOPERATING
J V Steel Tubes LT Bk Fac CARE B+/Stable 105 Assigned
Jay Kishan Fibre Pvt Ltd LT BkFac CARE BB/Stable 172.1 Reaffirmed
(Increased from Rs.15.12 Crore)
Lakshmi Vacuum Heat Treaters Pvt Ltd Long -term Bk Fac CARE B+/Stable 53.7 Revised from
CARE
BB-;
Stable
Issuer did not cooperate; Based on best available information
Lakshmi Vacuum Technologies Pvt Ltd Long -term Bk Fac CARE B+/Stable 50 Revised from
CARE
BB-;
Stable
Issuer did not cooperate; Based on best available information
Logan Minerals Pvt Ltd LT/ST BkFac - - -
Reaffirmed at CARE BB+; Stable/ CARE A4+ and Withdrawn
Markwell International LT BkFac - - Withdrawn @
@ The Entity has completely surrendered the limit and there are no outstanding under the same.
Taking cognizance of the fact, CARE has withdrawn the rating assigned to the above mentioned
short term bank facility
Markwell International LT / ST Bk Fac CARE 70 Reaffirmed
BB/Stable/A4
outlook revised from Positive to Stable
Markwell Spinning Pvt Ltd LT BkFac CARE BB/Stable 527.8 Reaffirmed
(reduced from Rs.60.10 Crore)outlook revised from Positive to Stable
Markwell Spinning Pvt Ltd LT/ ST Bk Fac CARE 25 Reaffirmed
BB/Stable/A4
(reduced from Rs.3.75 Crore)outlook revised
from Positive to Stable
Metalfab Hightech Pvt Ltd LT Bk Fac -- - Reaffirmed at
CARE B+
outlook Stable and withdrawn
Metalfab Hightech Pvt Ltd Long/ST Bk Fac -- - -
Reaffirmed at CARE B+Stable/ CARE A4 and withdrawn
Miot Hospitals Pvt Ltd LT BkFac CARE BBB/Stable2320.4 Revised from
CARE BBB
(reduced from 243.90 Crore)
Miot Hospitals Pvt Ltd LT BkFac CARE BBB/Stable400 Revised from
CARE BBB
(enhanced from 23.00 Crore)
Mukherjee Enterprise LT Bk Fac - - Reaffirmed at
CARE B+Stable
ISSUER NOT COOPERATING
New India Roadways LT Bk Fac - - Reaffirmed &
Withdrawn
Nhj Infra Pvt Ltd LT Bk Fac - - Reaffirmed at
CARE B Stable
ISSUER NOT COOPERATING
Nhj Infra Pvt Ltd Long /ST Bk Fac - - CARE B;
Stable/A4
ISSUER NOT COOPERATING and Withdrawn
Piccolo Mosaic Ltd LT BkFac CARE 82.3 -
BBB-/Stable
Issuer did not cooperate; Based on best available information
Piccolo Mosaic Ltd LT /ST BkFac CARE 125.1 -
BBB-/Stable/A3
Issuer did not cooperate; Based on best available information
Popular Stores LT Bk Fac CARE B/Stable 64.2 -
ISSUER NOT COOPERATING
R. S. Infra Transmission Ltd LT Bk Fac - - Withdrawn
R. S. Infra Transmission Ltd LT/ST Bk Fac - - Withdrawn
Rsi Stone World Pvt Ltd Long -Term Bk Fac CARE BB+/Stable55.6 Assigned
Rsi Stone World Pvt Ltd Long – Term CARE 115.5 Assigned
/Short- TermBk Fac BB+/Stable/A4+
Sayed Hifazat Ali Long -Term Bk Fac - - -
Reaffirmed at CARE BB;Stable and withdrawn
Shri Venkatesh Udyog LT Bk Fac - - -
Reaffirmed at CARE B+; Stable and Withdrawn
Sri Ganapathy Enterprises LT Bk Fac CARE BB-/Stable152.5 -
Issuer did not cooperate; Based on best available information
Sri Ganesh Jewellery Mart LT Bk Fac -- - Withdrawn
Sri Pavithra Constructions LT BkFac CARE BB-/Stable50 -
Issuer did not cooperate; Based on best available information
Star Pcg Sme Series I Oct 19 Assignee Payouts CARE AA (SO) 2574.5 Reaffirmed
Sunbeam Enterprises LT Bk Fac CARE BB-/Stable33.3 Revised from
CARE B+ Stable
Sunbeam Enterprises LT/ST Bk Fac CARE 5 Revised from
BB-/Stable/A4 CARE B+;
Stable
Vishwakarma Automotive Pvt Ltd LT BkFac CARE B+; Stable250 Revised
fromCARE B+;
Stable
Issuer Not Cooperating
Vivriti Tonks 02 2019 Series A1 PTCs - - Withdrawn
Vivriti Tonks 02 2019 Series A2 PTCs - - 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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