Sep 8 Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE)
for local debt instruments as of September 7, 2016.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------- ---------- ------ ------- ---------
SHORT TERM RATINGS:
-------------------
Jyoti Spinners ST Bk Fac CARE A4 32 Assigned
Maruti Bitumen Pvt Ltd ST Bk Fac CARE A4 25 Assigned
Murlidhar Ratanlal Exports Ltd ST Bk Fac CARE A4+ 493.5 Reaffirmed
Phillips Carbon Black Ltd. CP* CARE A1+ 5000 Reaffirmed
* The aggregate of outstanding CP and other working capital borrowings shall be
within the sanctioned fund-based working capital limits with banks
MEDIUM TERM RATINGS:
-------------------
Aimil Ltd Fixed deposit Suspended
programme
LONG TERM RATINGS:
-------------------
A B T Investments (India) Pvt Ltd Proposed LT CARE B 1000 Assigned
NonConvertible
Debentures
Amber Builders LT Bk Fac CARE BB- 50 Assigned
Amber Builders LT / ST Bk Fac CARE BB- /CARE 90 Assigned
A4
Amber Spintex Pvt Ltd LT Bk Fac CARE BB- 575.6 Assigned
Andhra Expressway Ltd Bk Fac Withdrawn
Asian Star Co. Ltd LT/ST Bk Fac (FB) CARE A-/CARE 11825 Reaffirmed
A2+
Cls Industries Pvt Ltd LT Bk Fac CARE D 143.3 Revised from
CARE B
Disha Microfin Pvt. Ltd. LT Bk Fac CARE BBB+ 250 Assigned
Embee Agro Food Industries Pvt Ltd LT Bk Fac CARE BB- 203.3 Suspension
revoked and
reaffirmed
Esaf Microfinance And Investments Pvt.Series A PTCs Withdrawn
Ltd - Cedar Mfi Trust 18
Jyoti Spinners LT Bk Fac CARE B+ 63 Assigned
Maharashtra Eastern Grid Power Bk Fac Withdrawn
Transmission Company Ltd
Maruti Bitumen Pvt Ltd LT/ST Bk Facilitie CARE BB-/CARE 97.5 Assigned
A4
Mtc Business Pvt Ltd LT Bk Fac - FB CARE A- 250 Assigned
Murlidhar Ratanlal Exports Ltd LT Bk Fac CARE BB+ 648 Reaffirmed
Murlidhar Ratanlal Exports Ltd LT/ ST Bk Fac CARE BB+/A4+ 175 Assigned
Param Exports LT Bk Fac CARE BB+ 107.5 Reaffirmed
Paschal Formwork (India) Pvt Ltd LT Bk Fac (CC) CARE BB- 42.5 Revised from
CARE BB
Paschal Formwork (India) Pvt Ltd LT Bk Fac (TL) Withdrawn
Rajahmundry Expressway Ltd Bk Fac Withdrawn
Satyam Roller Flour Mills Pvt Ltd LT Bk Fac CARE BB- 70 Assigned
Shaktigarh Textile & Industries Ltd LT Bk Fac CARE BB 330 Reaffirmed
The Great Eastern Shipping Co. Ltd Proposed LT CARE AAA 5000 Assigned
NonConvertible
Debenture
The Great Eastern Shipping Co. Ltd LT NCD - 1 CARE AAA 4750 Reaffirmed
The Great Eastern Shipping Co. Ltd LT NCD - 2 CARE AAA 2000 Reaffirmed
The Great Eastern Shipping Co. Ltd LT NCD - 3 CARE AAA 4600 Reaffirmed
The Great Eastern Shipping Co. Ltd LT NCD - 4 CARE AAA 5000 Reaffirmed
The Great Eastern Shipping Co. Ltd LT NCD - 5 CARE AAA 5000 Reaffirmed
The Great Eastern Shipping Co. Ltd Long/ST Bk Fac (BG)CARE AAA /CARE 500 Reaffirmed
A1+
The Panoramic Getaway LT Bk Fac CARE BB- 142.5 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.
