CARE ratings for Indian debt instruments-Sep 12

Last Updated: Tue, Sep 12, 2017 10:19 hrs

Sep 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of September 11, 2017. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Arowana Exports Pvt Ltd ST Bk Fac CARE D 70 Issuer not Cooperating Cauvery Buildtech ST Bk Fac CARE A4 37.5 Assigned Freemans Measures Pvt Ltd ST Bk Fac CARE A4 16.1 Assigned Hindalco Industries Ltd Proposed CP (CP) CARE A1+ 20000 Reaffirmed issue (Standalone)/ ST Debt Hypercity Retail India Ltd ST Bk Fac* CARE A1 (SO) 100 Reaffirmed *Backed by Unconditional and irrevocable Corporate Guarantee by Shopper Stop Ltd Indo Rama Synthetics Ltd ST Bk Fac CARE D 650 Reaffirmed M. G Hussain ST Bk Fac CARE A4 25 Assigned Manappuram Finance Ltd Proposed CP issue CARE A1+ 35000 Assigned Marc Enterprises Pvt Ltd ST Bk Fac CARE A4+ 20 assigned Opel Sulz Pvt Ltd ST Bk Fac - - Withdrawn Pks Technobuild Pvt Ltd ST Bk Fac CARE A4 40 Assigned R.S. Infraprojects Pvt Ltd ST Bk Fac CARE A3+ 1750 Assigned Ramky Enviro Engineers Ltd ST Bk Fac CARE A3+ 1500 Revised from CARE A3 Rmp Bearings Ltd ST Bk Fac CARE A4+ 1 Assigned Sanvi Spinning Mill Pvt Ltd ST Bk Fac CARE A4 22.5 Reaffirmed Shopper Stop Ltd ST Bk Fac CARE A1 215 Reaffirmed Sutlej Textiles And Industries Ltd Fund Based- CARE A1+ 6000 Reaffirmed LT/ST-CC/EPC/PCFC Sutlej Textiles And Industries Ltd CP CARE A1+ 3000 Reaffirmed Trent Ltd CP Issue CARE A1+ 4000 Reaffirmed (Enhanced from Rs. 300 crore) Unitech International Ltd ST Bk Fac CARE A4 230 Issuer not Cooperating Wadhawan Global Capital Pvt. Ltd. CP Issue CARE A1+ 3000 Reaffirmed (enhanced from Rs.100 crore) LONG TERM RATINGS: ------------------- Bright Style Fabrics Pvt Ltd LT Bk Fac CARE BB- 67 Reaffirmed Cauvery Buildtech LT Bk Fac CARE BB- 25 Assigned Freemans Measures Pvt Ltd LT Bk Fac CARE B+ 29.6 Assigned Freemans Measures Pvt Ltd LT Bk Fac/ ST Bk CARE B+ /CARE 85 Assigned Fac A4 Hypercity Retail India Ltd LT Bk Fac* CARE A (SO) 3518.3 Reaffirmed *Backed by Unconditional and irrevocable Corporate Guarantee by Shopper Stop Ltd/ (Enhanced from Rs.165.83 Crore) Hypercity Retail India Ltd LT / ST Bk Fac* CARE A (SO) 400 Reaffirmed /CARE A1 (SO) *Backed by Unconditional and irrevocable Corporate Guarantee by Shopper Stop Ltd Hypercity Retail India Ltd LT Bk Fac^ CARE BBB+ (SO) 82.5 Reaffirmed ^ Backed by Letter of Comfort by SSL Hypercity Retail India Ltd LT / ST Bk Fac^ CARE BBB+ (SO) 200 Reaffirmed /CARE A2 (SO) ^ Backed by Letter of Comfort by SSL Indo Rama Synthetics Ltd LT Bk Fac CARE D 1237.5 Reaffirmed Indo Rama Synthetics Ltd Long/ ST Bk Fac CARE D 7112.5 Reaffirmed Khanna Polyweave Pvt Ltd LT Bk Fac CARE BB- 150 Assigned M. G Hussain LT Bk Fac CARE B+ 48 Assigned Mafatlal Industries Ltd LT Bk FacTL CARE BBB 675 Reaffirmed Mafatlal Industries Ltd LT Bk Fac – FB Fac CARE BBB 950 Reaffirmed Mafatlal Industries Ltd Long /ST Bk Fac – CARE BBB /CARE 375 Reaffirmed Fund/Non Fund BasedA3+ Mahalaxmi Jewellers Pvt Ltd LT Bk Facility CARE B+ 75 Assigned Marc Enterprises Pvt Ltd LT Bk Fac CARE BB+ 120 Assigned Marc Enterprises Pvt Ltd LT/ ST Bk Fac CARE BB+ /CARE 360 Assigned A4+ Metecno India Pvt Ltd LT Bk Fac CARE BB- 246.1 Reaffirmed Metecno India Pvt Ltd Long / ST Bk Fac CARE BB- /CARE 200 Reaffirmed A4 Mumbai Waste Management Ltd LT Bk Fac CARE BBB+ 780.6 Revised from CARE BBB [reduced from 81.85crs] Mumbai Waste Management Ltd LT/ST Bk Fac CARE BBB+ 25 Revised from /CARE A3+ CARE BBB / CARE A3 Nhpc Ltd Proposed Long CARE AAA 22500 Assigned –term Bonds (W Series) Opel Sulz Pvt Ltd LT Bk Fac - - Withdrawn Pacific Medical University LT Bk Fac CARE BBB- 1172.4 Assigned Param Exports LT Bk Fac CARE BB+ 107.5 Reaffirmed Pks Technobuild Pvt Ltd LT Bk Fac CARE BB- 50 Assigned R.R. Polynet Pvt Ltd LT Bk Fac CARE B+ 31.8 Assigned R.R. Polynet Pvt Ltd LT Bk Fac/ ST Bk CARE B+ /CARE 56 Assigned Fac A4 R.S. Infraprojects Pvt Ltd LT Bk Fac CARE BBB+ 700 Assigned Ramky Enviro Engineers Ltd LT Bk Fac CARE BBB+ 2494.2 Revised from CARE BBB- [reduced from 280.39crs] Rgs Poultry Farm LT Bk Fac CARE B+ 45 Assigned Riddhi Siddhi Associates LT Bk Fac CARE BB+ 395 Assigned Riddhi Siddhi Associates LT/ST Bk Fac CARE BB+ /CARE 500 Assigned A4 Rmp Bearings Ltd LT Bk Fac CARE BB+ 149 Assigned Rohtak Hissar Tollway Pvt Ltd LT/ST Bk Fac CARE BBB- 9524 Reaffirmed /CARE A3 S.M.I.L.E. Microfinance Ltd NCD-I (Proposed) CARE BBB 387 Assigned S.M.I.L.E. Microfinance Ltd NCD-II (Proposed) CARE BBB 258 Assigned Sanjay Homes And Developers Pvt Ltd LT Bk Fac - - Withdrawn Sanvi Spinning Mill Pvt Ltd LT Bk Fac CARE BB 332.2 Revised from CARE B+ (reduced from 34.50crs) Sanvi Spinning Mill Pvt Ltd LT /ST Bk Fac CARE BB /CARE 50 Revised from A4 CARE B /Reaffirmed Shopper Stop Ltd LT Bk Fac CARE A 7426.7 Reaffirmed Sutlej Textiles And Industries Ltd Fund Based-LT-TL CARE AA 8098.2 Reaffirmed Sutlej Textiles And Industries Ltd Non-Fund CARE AA/CARE 450 Reaffirmed Based-ST-LC/BG A1+ Talettutayi Solar Projects One Pvt LtdLT Bk Fac – TL CARE BBB- 1750 Assigned The Tata Power Co. Ltd Perpetual Bond CARE AA 15000 Reaffirmed The Tata Power Co. Ltd Hybrid Bond CARE AA 15000 Reaffirmed The Tata Power Co. Ltd NCDs CARE AA 22100 Reaffirmed Unitech International Ltd LT Bk Fac CARE BB 120 Issuer not Cooperating Wasan Auto Sales Pvt Ltd LT Bk Fac - - Withdrawn Zubic Lifescience Pvt Ltd LT Bk Fac CARE B 128 Assigned -------------------------------------------------------------------------------------------- $: 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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