CARE ratings for Indian debt instruments-Feb 17

CARE ratings for Indian debt instruments-Feb 17

Last Updated: Fri, Feb 17, 2017 10:40 hrs

Feb 17 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of February 16, 2017. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Bharat Ship Breakers Corporation ST Bk Fac CARE A4+ 663 Reaffirmed Flash Electronics India Pvt Ltd ST Bk Fac CARE A2 502.6 Revised from CARE A2+ Harso Steels Pvt Ltd ST Bk Fac CARE A4 111.8 Assigned Jk Tyre & Industries Ltd ST Instruments (CP)CARE A1+ 900* Reaffirmed (enhanced from 500) *carved out of the sanctioned working capital limits of the company. Kaygaon Paper Mills Ltd ST Bk Fac CARE A4 65 Reaffirmed Ngrt Systems Pvt Ltd ST Bk Fac CARE A3 10 Assigned R S Software (India) Ltd ST Bk Fac CARE A1 5 Revised from CARE A1+ Rmc Gems India Ltd. ST Bk Fac CARE A3 510 Reaffirmed (enhanced from 49.20 CR) Suraj Ltd ST Bk Fac CARE A4+ 124.7 Revised from CARE A3 LONG TERM RATINGS: ------------------- Aakash Global Foods Pvt Ltd LT Bk Fac CARE BBB 121.1 Revised from CARE BB+ Aakash Global Foods Pvt Ltd LT Bk Fac / ST Bk CARE BBB / 60 Revised from Fac CARE A3 CARE BB+ / CARE A4 Adani Power Rajasthan Ltd LT Bk Fac CARE BBB 60406.1 Revised from CARE A- Adani Power Rajasthan Ltd LT Bk Fac / ST Bk CARE BBB / 26277 Revised from Fac CARE A3+ CARE A- / CARE A2+ Atlantic Projects Ltd LT Bk Fac CARE D 1234.5 Revised from CARE BB+ Bat And Ball Karnataka Tourism CARE KTP B- - Assigned Proptionally convertible debentureuct - Homestay Bharat Ship Breakers Corporation LT Bk Fac CARE BB+ / 87 Reaffirmed CARE A4+ (Reduced from 9.00 CR) Fairdeal Motors And Workshop Pvt Ltd LT Bk Fac CARE BBB 260 Reaffirmed Flash Electronics India Pvt Ltd LT Bk Fac CARE A- 1655.1 Revised from CARE A Harso Steels Pvt Ltd LT Bk Fac CARE B 148.2 Assigned Kaygaon Paper Mills Ltd LT Bk Fac CARE BB 238.9 Reaffirmed Lloyd Electric & Engineering Ltd LT Bk Fac CARE A- 9821.3 Reaffirmed (enhanced from 955.18 CR) Lloyd Electric & Engineering Ltd LT Bk Fac / ST Bk CARE A- / 11350 Reaffirmed Fac CARE A2 (enhanced from 1,045 CR) Ngrt Systems Pvt Ltd LT Bk Fac CARE BBB- 100 Assigned Origin Formulations Pvt Ltd LT Bk Fac CARE B 274 Reaffirmed R S Software (India) Ltd LT Bk Fac CARE A 245 Revised from CARE A+ Royal Touch Laminates Pvt Ltd LT Bk Fac CARE BB- 60 Assigned Santosh Pulse Mill LT Bk Fac CARE B+ 60 Reaffirmed Saraansh Suitings Pvt Ltd LT Bk Fac CARE BB 154.6 Reaffirmed Specific Alloys Pvt Ltd LT Bk Fac CARE B+ 75 Assigned Specific Alloys Pvt Ltd Long/ST Bk Fac CARE B+ / 25 Assigned CARE A4 Suraj Ltd LT Bk Fac / ST Bk CARE BB+ / 988 Revised from Fac CARE A4+ CARE BBB- / CARE 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. (Mumbai Rate Reporting Unit + 91 22 6180 7222/3317 7222, E-mail at rru.data@thomsonreuters.com)



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