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Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of October 23, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------ ---------
SHORT TERM RATINGS:
-------------------
Apollo Polyvinyl Pvt Ltd ST Bk Fac CARE D 130 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Abf Engineering International Pvt Ltd ST Bk Fac CARE A4; 28 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Cura Sanitaryware Llp ST Bk Fac - - -
(Reaffirmed at CARE A4; and Withdrawn)
Deep Plast Industries ST Bk Fac CARE A4 50 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Flash Forge Pvt Ltd ST Bk Fac CARE A3 1170 -
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Greenland Paper Mills Ltd ST Bk Fac CARE A4 14 -
(Issuer not cooperating; Based on best available information)
Luxra Enterprises Pvt Ltd ST Bk Fac CARE A4 60 -
(Rating moved to ISSUER NOT COOPERATING category)
Maharashtra State Electricity ST Bk Fac CARE A1 12500 Reaffirmed
Transmission Co. Ltd
(Enhanced from 300.00 Crore)
Omkara Business Corporation ST Bk Fac CARE A4; 250 -
(Rating moved to ISSUER NOT COOPERATING category)
R B A Construction Pvt Ltd ST Bk Fac CARE A4+ 65 -
(Rating moved to ISSUER NOT COOPERATING category)
R K Chavan Infrastructure Pvt Ltd ST Bk Fac CARE A4; 26.3 -
(Issuer not cooperating; Based on best available information)
Ramesh H Beravat ST Bk Fac CARE A4 20 -
(Rating moved to ISSUER NOT COOPERATING category)
Ravji Manji Sorathia And Company ST Bk Fac CARE A4 100 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
S S Infrastructure Development ST Bk Fac CARE A4 80 -
Consultants Ltd
(Rating continues to remain under ISSUER NOT COOPERATING category)
Usha Prabha Industries ST Bk Fac CARE A4; 2 -
(Issuer not cooperating; Based on best available information)
LONG TERM RATINGS:
-------------------
Abf Engineering International Pvt Ltd LT Bk Fac CARE C; Stable 40.7 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Abha Sunlight Pvt Ltd LT Bk Fac CARE BBB+ 681.9 -
(CE); Stable
(Reaffirmed and Final Rating assigned)
Adani Agri Logistics (Bathinda) Ltd LT Bk Fac - - -
(Reaffirmed at CARE BBB; Stable and simultaneously withdrawn)
Adani Agri Logistics (Bathinda) Ltd LT/ ST Bk Fac - - -
(Reaffirmed at CARE BBB; Stable/ CARE A3+ and simultaneously withdrawn)
Adani Agri Logistics (Mansa) Ltd LT Bk Fac - - -
(Reaffirmed at CARE BBB; Stable and simultaneously withdrawn)
Adani Agri Logistics (Mansa) Ltd LT/ ST Bk Fac - - -
(Reaffirmed at CARE BBB; Stable/ CARE A3+ and simultaneously withdrawn)
Adani Agri Logistics (Moga) Ltd LT Bk Fac - - -
(Reaffirmed at CARE BBB; Stable and simultaneously withdrawn)
Adani Agri Logistics (Moga) Ltd LT/ ST Bk Fac - - -
(Reaffirmed at CARE BBB; Stable/ CARE A3+ and simultaneously withdrawn)
Adani Agri Logistics (Nakodar) Ltd LT Bk Fac - - -
(Reaffirmed at CARE BBB; Stable and simultaneously withdrawn)
Adani Agri Logistics (Nakodar) Ltd LT/ ST Bk Fac - - -
(Reaffirmed at CARE BBB; Stable/ CARE A3+ and simultaneously withdrawn)
Adani Agri Logistics (Raman) Ltd LT Bk Fac - - -
(Reaffirmed at CARE BBB; Stable and simultaneously withdrawn)
Adani Agri Logistics (Raman) Ltd LT/ ST Bk Fac - - -
(Reaffirmed at CARE BBB; Stable/ CARE A3+ and simultaneously withdrawn)
Agrow Foods LT Bk Fac CARE D 100 -
(Issuer not cooperating; Based on best available information)
Akhilagya Solar Energy Pvt Ltd LT Bk Fac CARE BBB+ 722.6 -
(CE); Stable
(Reaffirmed and Final Rating assigned)
Apollo Polyvinyl Pvt Ltd LT Bk Fac CARE D 568.8 -
(Rating continues to remain under ISSUER NOT COOPERATING category)
Art Housing Finance (India) Ltd LT Non-Convertible- - Withdrawn
Debentures
Art Housing Finance (India) Ltd LT Bk Fac CARE: 500 Reaffirmed
BB+;Stable
Bindu Vayu Urja Pvt Ltd LT Bk Fac CARE A- (CE); 24750 Assigned
Stable
Bridgestone India Pvt Ltd Long term/ST Bk Fac CARE BB+; 4730 -
Stable /CARE
A4+
(Rating continues to remain under Issuer not cooperating category and Revised from CARE AA+;
Stable/ CARE A1+;)
Cura Sanitaryware Llp LT Bk Fac - - -
(Reaffirmed at CARE B; Stable and Withdrawn)
Deep Plast Industries LT Bk Fac CARE B- 100 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B+;
ISSUER NOT COOPERATING)
Flash Forge Pvt Ltd LT Bk Fac CARE BBB-; 480 -
Stable
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Greenland Paper Mills Ltd Long -term Bk Fac CARE BB; 43.1 -
Stable;
(Issuer not cooperating; Based on best available information)
Izra Solar Energy Pvt Ltd LT Bk Fac CARE BBB+ 727.5 -
(CE); Stable
(Reaffirmed and final rating assigned)
Kay Vee Gems LT Bk Fac CARE B; Stable 95 -
(ssuer not cooperating; Revised from CARE BB-; Stable; ISSUER NOT COOPERATIN)
Krishna Export LT Bk Fac CARE B+; Stable 85 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB+;
Stable)
Luxra Enterprises Pvt Ltd LT Bk Fac CARE BB-; 55 -
Stable
(Rating moved to ISSUER NOT COOPERATING category)
Mac Precitec India LT Bk Fac - - -
(Reaffirmed at CARE B+; Stable and Withdrawn)
Maharashtra State Electricity LT Bk Fac CARE A; Stable 58050 Reaffirmed
Transmission Co. Ltd
Mechatronics Systems Pvt Ltd LT Bk Fac CARE BB+; 9 -
Stable
(Issuer not cooperating; Revised from CARE BBB+;Stable)
Nokor Bhoomi Pvt Ltd LT Bk Fac CARE BBB+ 724 -
(CE); Stable
(Reaffirmed and Final Rating assigned)
Nokor Solar Energy Pvt Ltd LT Bk Fac CARE BBB+ 690 -
(CE); Stable
(Reaffirmed and Final Rating assigned)
Omkara Business Corporation LT Bk Fac CARE B; Stable 237.1 -
(Revised from CARE B+; Stable; and moved to ISSUER NOT COOPERATING category)
R B A Construction Pvt Ltd LT Bk Fac CARE BB; Stable 58.3 -
(Rating moved to ISSUER NOT COOPERATING category)
R B A Construction Pvt Ltd LT / ST Bk Fac CARE BB; 16.2 -
Stable/CARE
A4+;
(Rating moved to ISSUER NOT COOPERATING category)
R K Chavan Infrastructure Pvt Ltd LT Bk Fac CARE B; Stable 23.7 -
(Issuer not cooperating; Revised from CARE B+; Stable; ISSUER NOT COOPERATING)
Rajparis Civil Constructions Ltd LT Medium Term CARE BB+ (FD);70.4 -
Instruments Stable
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Rajparis Civil Constructions Ltd LT Bk Fac CARE BB+; 16.5 -
Stable
(Rating removed from ISSUER NOT COOPERATING category and Reaffirmed)
Ramapriya Solar Energy Pvt Ltd LT Bk Fac CARE BB+; 83.6 -
Stable
(Rating moved to ISSUER NOT COOPERATING category)
Ramesh H Beravat LT Bk Fac CARE B; Stable 54.7 -
(Revised from CARE B+; Stable; and moved to ISSUER NOT COOPERATING category)
Ramesh Singh LT Bk Fac CARE B-; Stable 50 -
(Issuer not cooperating; Revised from CARE B+; Stable; on the basis of best available
information)
Ramky Pharma City (India) Ltd LT Bk Fac CARE BBB-; 140 Assigned
Stable
Ravji Manji Sorathia And Company LT Bk Fac CARE B 50 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B+)
S S Infrastructure Development LT Bk Fac CARE C; 20 -
Consultants Ltd
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB;
Stable)
S. M. Constructions LT Bk Fac CARE D; 63.9 -
(Issuer not cooperating; Based on best available information)
Shiv Ganesh Industries LT Bk Fac CARE B-; Stable 55 -
(Issuer not cooperating; Revised from CARE B; Stable)
Tirupati International LT Bk Fac CARE B+; 49.9 -
(Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE BB)
Usha Prabha Industries LT Bk Fac CARE B-; 48.6 -
Stable;
(Issuer not cooperating; Revised from CARE B; Stable; ISSUER NOT COOPERATING)
Vedbhumi Builders And Developers Pvt LT Bk Fac CARE D; 389.4 -
(Issuer not cooperating; Based on best available information)
--------------------------------------------------------------------------------------------
$: 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.
Source: reuters
