Mar 22 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of March 21, 2017. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) -------
----------
------
------- --------- SHORT TERM RATINGS: ------------------- 5 Core Acoustics Pvt Ltd
ST Bk Fac
CARE A4+
150
Issuer Not
Cooperating Arb Bearings Ltd
ST Fac
CARE A2
127.5 Reaffirmed Digi Export Venture Pvt Ltd
ST Bk Fac
CARE A4+
160
Issuer Not
Cooperating Ems And Exports
ST Bk Fac
CARE A4+
430
Issuer Not
Cooperating Engineers Enterprises
ST Bk Fac
-
-
withdrawn Eswari Global Metal Industries Pvt LtdST Bk Fac
CARE A4+
230.5 Issuer Not
Cooperating Family Credit Ltd.
CP
CARE A1+
110000 Reaffirmed (enhanced from 6,500crs) Faraday Electricals Pvt Ltd
ST Bk Fac
-
-
withdrawn Five Core Electronics Ltd
ST Bk Fac
CARE A4+
440
Issuer Not
Cooperating Hero Wiretex Pvt Ltd
ST Bk Fac
CARE A4
150
Reaffirmed (enhanced from 8 crs) Indian Acoustics Pvt Ltd
Short- term Bk Fac CARE A4+
240
Issuer Not
Cooperating Mb Power (Madhya Pradesh) Ltd
ST Bk Fac
CARE A4
490
Revised from
(Non-Fund Based)
CARE A4+ Modison Copper Pvt Ltd
ST Bk Fac
CARE A3+
24
Reaffirmed Modison Metals Ltd
ST Bk Fac
CARE A1
175
Reaffirmed Nagarjuna Fertilizers And Chemicals LtST Bk Fac
CARE D
11811.7 Revised from
CARE A4 Phenil Sugars Ltd
ST Bk Fac
CARE A4
20
Reaffirmed Prince Marine Transport Services Pvt ST Bk Fac
CARE D
30
Revised from Ltd
CARE A4 Riga Sugar Company Ltd.
ST Bk Fac
CARE A4
50
Reaffirmed (enhanced from 3.50crs) Rs Development And Constructions IndiaST Bk Fac
CARE A4
200
Issuer Not Pvt Ltd
Cooperating Sarda Metals & Alloys Ltd
ST Bk Fac
CARE A4+
2206
Reaffirmed Shivalik Bimetal Controls Ltd
ST Bk Fac
CARE A3+
400
Reaffirmed
(Non-fund Based) Shree Ginger Enterprises Ltd
ST Bk Fac -
CARE A3
270
Reaffirmed
LC/BG/BD Tirupati Balaji Fibres Ltd
ST Bk Fac
CARE A3
55
Reaffirmed (Enhanced from 2.50crs) Visual And Acoustics Corporation Llp Short- term Bk Fac CARE A4+
115
Issuer Not
Cooperating Welspun Captive Power Generation Ltd ST Bk Fac
CARE A2+
650
Reaffirmed (reduced from 100crs) LONG TERM RATINGS: ------------------- Alwar Municipal Council
Issuer Rating
CARE BBB+ (Is) -
Assigned Arb Bearings Ltd
LT Bk Fac
CARE BBB+
100.7 Reaffirmed (Reduced from 10.75crs) Arb Bearings Ltd
LT/ST Bk Fac
CARE BBB+
10
Reaffirmed
/CARE A2 Aspiro Pharma Ltd
LT Bk Fac
CARE BBB-
323.1 Reaffirmed (Reduced from 40.65crs) Assotech Realty Pvt Ltd
LT Bk Fac
CARE BB
350
Revised from
CARE BBB- Atoz Infracon Pvt Ltd
LT Bk Fac
CARE BB+
90
Issuer Not
Cooperating Beawar Municipal Council
Issuer Rating
CARE BB+ (Is) -
Assigned Bhagwati Lacto Foods Pvt Ltd
LT Bk Fac
CARE B+
150
Reaffirmed Bhiwadi Municipal Council
Issuer Rating
CARE A- (Is) -
Assigned Care Corupack Ltd
LT Bk Fac
CARE BB-
237.2 Issuer Not
Cooperating Cheeka Rice Mills
LT Bk Fac
CARE B+
80
Issuer Not
Cooperating D. Navinchandra Gems Pvt Ltd
LT Bk Fac (FB)
-
-
withdrawn Ems And Exports
LT Bk Fac
CARE BB+
20
Issuer Not
Cooperating Engineers Enterprises
LT Bk Fac
-
-
withdrawn Engineers Enterprises
LT/ST Bk Fac
-
-
withdrawn Eswari Global Metal Industries Pvt LtdLT Bk Fac
CARE BB+
220.9 Issuer Not
Cooperating Family Credit Ltd.
Perpetual Debt
CARE AA
2500
Assigned Family Credit Ltd.
NCDs
CARE AA+
44000 Assigned Family Credit Ltd.
Subordinated Debt CARE AA+
3500
Assigned Family Credit Ltd.
NCDs (Public Issue)CARE AA+
10000 Assigned Faraday Electricals Pvt Ltd
LT Bk Fac
-
-
withdrawn Faraday Electricals Pvt Ltd
LT/ST Bk Fac
-
-
withdrawn Five Core Electronics Ltd
LT Bk Fac
CARE BB+
10
Issuer Not
Cooperating Girija Fabrics Pvt Ltd
LT Bk Fac
CARE B+
65.8
Reaffirmed Graintech Foods India Pvt Ltd
LT Bk Fac
-
-
withdrawn Hero Wiretex Pvt Ltd
LT Bk Fac
CARE BB+
350
Revised from
CARE BB (enhanced from 15crs) India Land Infrastructure Development LT Bk Fac
CARE A
259.9 Reaffirmed Pvt Ltd (enhanced from 15.67) Indian Acoustics Pvt Ltd
Long- term Bk Fac CARE BB+
35.4
Issuer Not
Cooperating Jhunjunu Municipal Council
Issuer Rating
CARE A (Is)
-
Assigned Jitendra Dall Mill
LT Bk Fac
CARE B+
50
Assigned Jodhpur Municipal Corporation
Issuer Rating
CARE BB (Is) -
Assigned Kanodia Infratech Ltd
LT Bk Fac
-
-
withdrawn Khanapur Taluka Co-Op Spinning Mills LT Bk Fac
CARE B
233.1 Issuer Not Ltd
Cooperating Kishangarh Municipal Council
Issuer Rating
CARE A+ (Is) -
Assigned Kothari Prima Pvt Ltd
LT Bk Fac
CARE BB-
200
Issuer Not
Cooperating Lakshmipat Singhania Foundation For LT Bk Fac
CARE BBB-
1504.8 Reaffirmed Higher Learning Mb Power (Madhya Pradesh) Ltd
LT Bk Fac (Fund
CARE B
7580
Revised from
Based - ECBs)
CARE BB+ Mb Power (Madhya Pradesh) Ltd
LT Bk Fac (Fund
CARE B
6770
Revised from
Based - CC)
CARE BB+ Mb Power (Madhya Pradesh) Ltd
LT Bk Fac
CARE B
8880
Revised from
(Non-Fund Based)
CARE BB+ Mb Power (Madhya Pradesh) Ltd
LT Bk Fac (Fund
CARE D
51960 Revised from
Based -TL)
CARE BB+ Modison Copper Pvt Ltd
LT Bk Fac
CARE BBB
51
Reaffirmed Modison Metals Ltd
LT Bk Fac
CARE A
450
Reaffirmed Mps Steels Pvt Ltd
LT Bk Fac
CARE B+
106.6 Reaffirmed (Reduced from 11.92crs) Nagarjuna Fertilizers And Chemicals LT Bk Fac
CARE D
16964.9 Revised from Ltd
CARE B Nagaur Municipal Council
Issuer Rating
CARE BB+ (Is) -
Assigned Omicron Power Engineers Pvt Ltd
LT Bk Fac
CARE C
300.9 Issuer Not
Cooperating Pali Municipal Council
Issuer Rating
CARE BB+ (Is) -
Assigned Phenil Sugars Ltd
LT Bk Fac
CARE BB-
700
Reaffirmed Ping Telematics Pvt Ltd
LT Bk Fac
CARE B
85
Reaffirmed Pioneer Computronix Pvt Ltd
LT Bk Fac
CARE BB-
10
Reaffirmed Pioneer Computronix Pvt Ltd
LT/ST Bk Fac
CARE BB- /CARE 130
Reaffirmed
A4 Prince Marine Transport Services Pvt LT Bk Fac (TL)
CARE D
8.2
Issuer Not Ltd
Cooperating Prince Marine Transport Services Pvt LT Bk Fac (CC)
CARE D
55
Revised from Ltd
CARE C Riga Sugar Company Ltd.
LT Bk Fac
CARE B+
1248
Revised from
CARE B (reduced from 129.22crs) Ronak Agro Foods
LT Bk Fac
CARE BB
74.3
Issuer Not
Cooperating Rs Development And Constructions IndiaLT Bk Fac
CARE BB
239.2 Issuer Not Pvt Ltd
Cooperating Sanjay Homes & Developers Pvt Ltd
LT Bk Fac
CARE BB-
200
Reaffirmed Saraswatii Global Pvt Ltd
LT / ST Bk Fac
CARE BB /CARE 200
Reaffirmed
A4
/Assigned Sarda Metals & Alloys Ltd
LT Bk Fac
CARE BB+
4033.1 Reaffirmed Shiv Real Ispat Pvt Ltd
LT Bk Fac
CARE BB
60
Reaffirmed Shivalik Bimetal Controls Ltd
LT Bk Fac (TL)
CARE BBB
24.4
Reaffirmed (reduced from 4.15crs) Shivalik Bimetal Controls Ltd
Long/ST Bk Fac
CARE BBB /CARE 260
Reaffirmed
(Fund Based)
A3+ Shree Ginger Enterprises Ltd
LT Bk Fac - CC
CARE BBB-
345
Reaffirmed Shrirang Kisanlal Sarda
LT Bk Fac
CARE BBB-
115.6 Reaffirmed Sikar Municipal Council
Issuer Rating
CARE BB+ (Is) -
Assigned Sunteck Realty (NS:SUNT) Ltd.
Proposed NCD
-
-
withdrawn Surani Paper Pvt Ltd
LT Bk Fac
CARE B
36.2
Assigned Surani Paper Pvt Ltd
LT Bk Fac / ST Bk CARE B /CARE 72.5
Assigned
Fac
A4 Tirupati Balaji Fibres Ltd
LT Bk Fac
CARE BBB-
304.4 Reaffirmed (Reduced from 67.30crs) Tonk Municipal Council
Issuer Rating
CARE BBB(Is) -
Assigned Topline Industries (Raj.) Unit- Ii
LT Bk Fac
-
-
withdrawn Topline Industries (Raj.) Unit- Ii
ST Bk Fac
-
-
withdrawn Uttar Haryana Bijli Vitran Nigam Ltd Issuer Rating
CARE BB (Is) -
Reaffirmed Visual And Acoustics Corporation Llp Long- term Bk Fac CARE BB+
15
Issuer Not
Cooperating Welspun Captive Power Generation Ltd NCDs^
CARE AA-(SO) 2200
Reaffirmed ^ Backed by unconditional and irrevocable Corporate Guarantee of Welspun India Ltd (rated CARE AA-: Stable/CARE A1+, removed from credit watch in Dec 2016) Zonac Knitting Machines Pvt Ltd
LT Bk Fac
CARE BBB
215.1 Reaffirmed Zonac Knitting Machines Pvt Ltd
LT/ST Bk Fac
CARE BBB /CARE 25
Reaffirmed
A3+ -------------------------------------------------------------------------------------------- $: 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.