CRISIL ratings for Indian debt instruments-Oct 31

Oct 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 30, 2012.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
A E Infra Projects Pvt Ltd Letter Of Guarantee CRISIL A4 20 Assigned
Aeon Manufacturing Pvt Ltd LOC** CRISIL A4+ 500 Reaffirmed
**Rs.200 Million of Buyer's Credit is sublimit of Letter of Credit.
AJS Impex Pvt Ltd LOC CRISIL A4+ 775 Assigned
Anil Enterprises Foreign LOC CRISIL A4+ 220 Assigned
Associated Lighting Company BG CRISIL A3 20 Suspended
Associated Lighting Company LOC CRISIL A3 40 Suspended
Associated Lighting Company Packing Credit* CRISIL A3 90 Suspended
* Interchangeable with Foreign Bill Discounting
Associated Lighting Company Proposed ST Bk Loan CRISIL A3 0.8 Suspended
Fac
B S Progressive Pvt Ltd LOC CRISIL A3 320 Reaffirmed
Bhorosha Rice Mill Pvt Ltd BG CRISIL A4 1 Assigned
Braco Electricals (India) Pvt Ltd Letter Of Guarantee CRISIL A4+ 5 Reaffirmed
Chetak Enterpr ises Ltd BG # CRISIL 150 Suspended
A1(SO)
Chetak Enterprises Ltd BG@ CRISIL 200 Suspended
A1(SO)
Decent Dia-Jewels Pvt Ltd Post Shipment Credit CRISIL A4+ 905 Reaffirmed
Decent Dia-Jewels Pvt Ltd Foreign Bill CRISIL A4+ 795 Reaffirmed
Discounting
Dynamic Polycoats Pvt Ltd LOC CRISIL A4 60 Assigned
Entrust Granites Pvt Ltd Packing Credit** CRISIL A4 5 Assigned
* * includes sublimit of bill purchase of Rs. 2.5 Million
Entrust Granites Pvt Ltd BG CRISIL A4 15 Assigned
Entrust Granites Pvt Ltd Bill Purchase CRISIL A4 5 Assigned
Entrust Granites Pvt Ltd LOC CRISIL A4 4.2 Assigned
Globsyn Knowledge Foundation BG CRISIL A4 2.5 Assigned
Indo Simon Electric Pvt Ltd LOC CRISIL A4 17.5 Assigned
Indus Concessions India Pvt Ltd BG CRISIL A3+ 1000 Assigned
Kaithal Timbers Pvt Ltd LOC CRISIL A4+ 210 Assigned
Kanpur Edibles Pvt Ltd LOC CRISIL A4+ 3500 Assigned
Kerala Transport Company BG CRISIL A4 30 Reaffirmed
Kulkarni Power Tools Ltd BG CRISIL A4+ 7.5 Reaffirmed
Kulkarni Power Tools Ltd LOC CRISIL A4+ 77.5 Reaffirmed
Laljee Godhoo & Co. LOC CRISIL A4 30 Assigned
M.P.Agarwala BG CRISIL A4 100 Assigned
Meclin Infras Pvt Ltd LOC CRISIL A4+ 5 Assigned
Meclin Infras Pvt Ltd BG CRISIL A4+ 90 Assigned
Mittal International Foreign Documentary CRISIL A4+ 25.8 Assigned
Bills Purchase
Mittal International Packing Credit CRISIL A4+ 110 Assigned
Muthoot Fincorp Ltd ST Debt CRISIL A1+@ 10000 Reaffirmed
Noble Resources and Trading India Pvt. LOC # CRISIL A1 600 Suspended
Ltd
#Interchangeable with bills acceptances, pre-export advances, bank guarantee, and post import
financing.
Peacock Apparels Pvt Ltd Standby Line of CRISIL A4+ 2.5 Assigned
Contract
Peacock Apparels Pvt Ltd Packing Credit CRISIL A4+ 11 Assigned
Peacock Apparels Pvt Ltd LOC CRISIL A4+ 6 Assigned
Peacock Apparels Pvt Ltd BG CRISIL A4+ 2.5 Assigned
Peacock Apparels Pvt Ltd Foreign Bill CRISIL A4+ 21.5 Assigned
Discounting
R D Samant Contractors Pvt Ltd BG CRISIL A4+ 70 Reaffirmed
R. V. Rail Products Pvt Ltd BG CRISIL A2 200 Assigned
R.J. Chatha Rice Mills Packing Credit CRISIL A4 100 Reaffirmed
Ram Ratna Infrastructure Pvt Ltd LOC & BG CRISIL A4+ 40 Assigned
RRC Ventures Pvt Ltd LOC CRISIL A4+ 5 Assigned
RRC Ventures Pvt Ltd BG CRISIL A4+ 57.1 Assigned
S. K. Jain BG CRISIL A3+ 280 Suspended
Saranya Electronics Pvt Ltd BG CRISIL A4 10 Assigned
Shakuntalam Impex Pvt Ltd Export Packing Credit CRISIL A4 15 Assigned
Shakuntalam Impex Pvt Ltd Foreign Bill Purchase CRISIL A4 50 Assigned
Shiv Shankar and Company Grains Pvt Ltd Proposed ST Bk Loan CRISIL A4 40 Assigned
Fac
Shri Saravana Industries Pvt Ltd BG CRISIL A4+ 66.8 Reaffirmed
Sri Krishna Pharmaceuticals Ltd Standby Line of CreditCRISIL A3+ 160 Assigned
Sri Krishna Pharmaceuticals Ltd Proposed BG CRISIL A3+ 20 Assigned
Sri Krishna Pharmaceuticals Ltd LOC CRISIL A3+ 500 Assigned
Sri Krishna Pharmaceuticals Ltd BG CRISIL A3+ 30 Assigned
State Bank of India CD Programme CRISIL A1+ 240000 Reaffirmed
Tamra Dhatu Udyog Pvt Ltd BG CRISIL A3 60 Reaffirmed
Tamra Dhatu Udyog Pvt Ltd LOC CRISIL A3 760 Reaffirmed
Tata Motors Finance Ltd BG CRISIL A1+ 26.32 Reaffirmed
Tata Motors Finance Ltd Proposed BG CRISIL A1+ 6.55 Reaffirmed

MEDIUM TERM RATINGS:
-------------------
State Bank of India FD Programme# FAAA - Reaffirmed
#The rating pertains only to State Bank of Indore's (SBoI's) fixed deposit programme,
rated by CRISIL, that has been transferred to State Bank of India (SBI) following the
merger of SBoI with SBI.

LONG TERM RATINGS:
-------------------
A E Infra Projects Pvt Ltd Proposed LT Bk Loan CRISIL B+ 49 Assigned
Fac
A E Infra Projects Pvt Ltd Overdraft Fac CRISIL B+ 31 Assigned
Aeon Manufacturing Pvt Ltd CC* CRISIL BB- 200 Reaffirmed
*Represents Cash Credit for Stocks of Rs.200 Million, Cash Credit for Book Debts of Rs.100
Million and Inland Bill Negotiation (Bill to bill basis), but the overall
Agra's Residency Pvt Ltd LT Loan CRISIL D 160 Assigned
AJS Impex Pvt Ltd Proposed LT Bk Loan CRISIL BB+ 275 Assigned
Fac

AJS Impex Pvt Ltd CC CRISIL BB+ 400 Assigned
Anil Enterprises Proposed LT Bk Loan CRISIL BB- 5 Assigned
Fac
Anil Enterprises CC CRISIL BB- 45 Assigned
B S Progressive Pvt Ltd CC CRISIL BBB- 15 Reaffirmed
B S Progressive Pvt Ltd LT Loan CRISIL BBB- 11 Reaffirmed
Bafna Hospital and Orthopaedic Research TL CRISIL D 300* Downgraded
Centre Pvt Ltd from
CRISIL B
* Includes a sub limit of Rs 140.0 Million for Letter of Credit
Bafna Hospital and Orthopaedic Research TL CRISIL D 180^ Downgraded
Centre Pvt Ltd from
CRISIL B
^ Includes a sub limit of Rs 50.0 Million for Letter of Credit
Bhorosha Rice Mill Pvt Ltd CC CRISIL B- 60 Assigned
Bhorosha Rice Mill Pvt Ltd TL CRISIL B- 9.5 Assigned
Bhorosha Rice Mill Pvt Ltd Proposed LT Bk Loan CRISIL B- 1.5 Assigned
Fac
Braco Electricals (India) Pvt Ltd CC CRISIL BB 40 Reaffirmed
Braco Electricals (India) Pvt Ltd Overdraft Fac CRISIL BB 9 Reaffirmed
Brainer Impex Ltd Proposed LT Bk Loan CRISIL B+ 367.5 Assigned
Fac
Brainer Impex Ltd CC CRISIL B+ 547.5 Assigned
Brainer Impex Ltd Line of Credit CRISIL B+ 85 Assigned
Century Flour Mills Ltd Proposed TL CRISIL BBB 121 Assigned
Century Flour Mills Ltd CC CRISIL BBB 180 Assigned
Century Flour Mills Ltd LT Loan CRISIL BBB 69 Assigned
Chetak Enterprises Ltd Foreign Currency TL # CRISIL A(SO) 377 Suspended
#Backed by an escrow first charge on the toll receivables of Ferozepur-Jalalabad-Fazilka
Chetak Enterprises Ltd LT Loan @ CRISIL A(SO) 1400 Suspended
@Backed by an escrow first charge on the toll receivables of Pune-Ahmednagar
Chetak Enterprises Ltd Overdraft Fac ** CRISIL A(SO) 600 Suspended
**Backed by first charge on the toll receivables of Hoshangabad-Pipariya-Panchmarhi
(interchangeable with bank guarantee)
Chetak Enterprises Ltd Overdraft Fac *** CRISIL A(SO) 450 Suspended
***Backed by first charge on the toll receivables of Nimbahera by-pass and Jodhpur Bar-Bilara
(interchangeable with bank guarantee)

Devki Nandan J. Gupta LOC* CRISIL BB+ 350 Reaffirmed
*Includes sub-limit of Cash Credit of Rs 150.0 million
DS-Max Properties Pvt Ltd TL CRISIL BB- 330 Assigned
Dynamic Polycoats Pvt Ltd CC* CRISIL B+ 30 Assigned
* Rs.15 Million interchangeable with Letter of Credit
Entrust Granites Pvt Ltd CC* CRISIL B 10 Assigned
*Includes sub limit of Rs. 10.0 Million of packing credit facility
Entrust Granites Pvt Ltd Proposed LT Bk Loan CRISIL B 67.5 Assigned
Fac
Entrust Granites Pvt Ltd TL CRISIL B 43.3 Assigned
Globsyn Knowledge Foundation TL CRISIL B 160 Assigned
Globsyn Knowledge Foundation CC CRISIL B 10 Assigned
Golden Star Facilities and Services Pvt WC Demand Loan CRISIL BB 10 Assigned
Ltd
Golden Star Facilities and Services Pvt CC CRISIL BB 50 Assigned
Ltd
Golden Star Facilities and Services Pvt Proposed LT Bk Loan CRISIL BB 30 Assigned
Ltd Fac
Hothur Ispat Pvt Ltd BG CRISIL D 2 Reaffirmed
Hothur Ispat Pvt Ltd CC CRISIL D 50 Reaffirmed
Hothur Ispat Pvt Ltd LOC CRISIL D 50 Reaffirmed
Hothur Ispat Pvt Ltd LT Loan CRISIL D 533.3 Reaffirmed
Indo Simon Electric Pvt Ltd TL CRISIL B- 17.3 Assigned
Indo Simon Electric Pvt Ltd Proposed TL CRISIL B- 20 Assigned
Indo Simon Electric Pvt Ltd CC CRISIL B- 45 Assigned
Integral Biosciences Pvt Ltd CC CRISIL BB- 10 Upgraded
from
CRISIL B+
Integral Biosciences Pvt Ltd TL CRISIL BB- 90 Upgraded
from
CRISIL B+
Integral Biosciences Pvt Ltd Proposed TL CRISIL BB- 50 Upgraded
from
CRISIL B+
Jai Jalaram Ceramic Works Pvt Ltd CC CRISIL B 55 Reaffirmed
Jai Jalaram Ceramic Works Pvt Ltd Proposed LT Bk Loan CRISIL B 20 Reaffirmed
Fac
Jawandamal Dhannamal LOC* CRISIL BB+ 600 Reaffirmed
*includes sub limit of Cash Credit of Rs. 200.0 millions
Jawandamal Dhannamal Proposed LT Bk Loan CRISIL BB+ 50 Reaffirmed
Fac
Kaithal Timbers Pvt Ltd CC CRISIL BB- 40 Assigned
Kalpaka Transport Co Pvt Ltd Overdraft Fac CRISIL B+ 90 Assigned
Kanpur Edibles Pvt Ltd TL CRISIL BB+ 125 Assigned
Kanpur Edibles Pvt Ltd CC CRISIL BB+ 350 Assigned
Kerala Transport Company CC CRISIL B+ 290 Reaffirmed
Kerala Transport Company LT Loan CRISIL B+ 40 Reaffirmed
Kulkarni Power Tools Ltd Bill CRISIL BB 6 Reaffirmed
Purchase-Discounting
Fac
Kulkarni Power Tools Ltd CC CRISIL BB 67.4 Reaffirmed
Kulkarni Power Tools Ltd Foreign Currency CRISIL BB 71.6 Reaffirmed
Demand Loan
Kulkarni Power Tools Ltd LT Loan CRISIL BB 228 Reaffirmed
Kulkarni Power Tools Ltd Proposed LT Bk Loan CRISIL BB 23.5 Reaffirmed
Fac
Laljee Godhoo & Co. Proposed LT Bk Loan CRISIL B 20 Assigned
Fac
Laljee Godhoo & Co. CC CRISIL B 100 Assigned
M.P.Agarwala Proposed CC Limit CRISIL B 10 Assigned
M.P.Agarwala CC CRISIL B 40 Assigned
M/s. Sai Agro Industries SME Credit CRISIL BB- 2.5 Assigned
M/s. Sai Agro Industries CC CRISIL BB- 40 Assigned
M/s. Sai Agro Industries LT Loan CRISIL BB- 26.5 Assigned
Meclin Infras Pvt Ltd Proposed LT Bk Loan CRISIL BB- 6.7 Assigned
Fac
Meclin Infras Pvt Ltd CC CRISIL BB- 30 Assigned
Muthoot Capital Services Ltd CC CRISIL A+ 100 Reaffirmed
Muthoot Capital Services Ltd Proposed LT Bk Loan CRISIL A+ 720 Reaffirmed
Fac
Muthoot Capital Services Ltd WC Demand Loan CRISIL A+ 1200 Reaffirmed
Muthoot Fincorp Ltd Subordinated Debt BondCRISIL A+@ 750 Reaffirmed
Muthoot Fincorp Ltd NCD CRISIL A+@ 1000 Reaffirmed
Muthoot Fincorp Ltd NCD CRISIL A+@ 2000 Reaffirmed
Muthoot Fincorp Ltd NCD CRISIL A+@ 500 Reaffirmed
My Car (Bhopal) Pvt Ltd CC CRISIL BB- 350 Assigned
Noble Resources and Trading India Pvt. Overdraft Fac^ CRISIL A 1600 Suspended
Ltd
^Interchangeable with short-term prime lending rate loans, export packing credit, FCNRB loan,
letter of credit, guarantees, buyer's credit, working capital demand loan, pre-shipment export
credit, post-shipment export credit, letter of credit, buyer's credit.
Noble Resources and Trading India Pvt. Proposed LT Bk Loan CRISIL A 750 Suspended
Ltd Fac
Noble Resources and Trading India Pvt. WC Demand Loan* CRISIL A 4550 Suspended
Ltd
*Interchangeable with payment undertaking, letter of credit, financial guarantees, working
capital revolver, export finance credit, bills discounted, letters of credit,
performance/financial guarantees, banker's acceptance credit, buyer's credit, export facility
for purchase, pre-shipment loans against export, import documentary credit, import deferred
payment credits, and guarantees.
Orbit Bearings (India) Pvt Ltd CC CRISIL A- 100.0* Assigned
*includes sublimit of Rs.50 Million of working capital demand loan, Rs.40 Million of export
packing credit/packing credit foreign currency/foreign bill discounting/foreign bill purchase,
Rs.30 Million of bills/invoice discounting, Rs.30 Million of letter of credit with total cap of
Rs.100 Million
PIL Pharmaceuticals Pvt Ltd CC CRISIL D 25 Assigned
PIL Pharmaceuticals Pvt Ltd TL CRISIL D 50 Assigned
Prudent Infrarealty Pvt Ltd Proposed LT Bk Loan CRISIL BB 250 Assigned
Fac
R D Samant Contractors Pvt Ltd CC CRISIL BB+ 150 Reaffirmed
R. V. Rail Products Pvt Ltd CC CRISIL BBB+ 20 Assigned
R.J. Chatha Rice Mills CC CRISIL B+ 70 Reaffirmed
Ram Ratna Infrastructure Pvt Ltd CC CRISIL BB 20 Assigned
RRC Ventures Pvt Ltd TL CRISIL BB+ 7.9 Assigned
RRC Ventures Pvt Ltd CC CRISIL BB+ 15 Assigned
S. K. Jain CC CRISIL BBB 20 Suspended
Saranya Electronics Pvt Ltd CC CRISIL B+ 60 Assigned
Shiv Shankar and Company Grains Pvt Ltd CC CRISIL B 80 Assigned
Shivalik Cotex Ltd TL CRISIL D 132.5 Assigned
Shivalik Cotex Ltd BG CRISIL D 7.5 Assigned
Shivalik Cotex Ltd CC CRISIL D 40 Assigned
Shree Manibhadra Food Product Pvt Ltd TL CRISIL B+ 23.3 Reaffirmed
Shree Manibhadra Food Product Pvt Ltd CC CRISIL B+ 90 Reaffirmed
Shri Saravana Industries Pvt Ltd CC* CRISIL BB- 40 Downgraded
from
CRISIL BB
*Fully interchangeable with overdraft (book debt)
Shri Saravana Industries Pvt Ltd TL CRISIL BB- 5.7 Downgraded
from
CRISIL BB
Siddhi (Guj) Hospitality LLP TL* CRISIL BB- 500 Assigned
*Term loan of Rs 400.0 million includes a sublimit of Rs.200 million for import letter of credit
facility
Snam Alloys Pvt Ltd CC CRISIL BBB+ 410 Reaffirmed
Snam Alloys Pvt Ltd Proposed CC Limit CRISIL BBB+ 100 Reaffirmed
Sri Krishna Pharmaceuticals Ltd LT Loan CRISIL BBB 358 Assigned
Sri Krishna Pharmaceuticals Ltd CC* CRISIL BBB 280 Assigned
* includes sub limit of Rs.200 Million fully interchangeable between Export Packing Credit and
Foreign Bill Discounting
Sri Lakshmi Venkata Krishna Raw & CC CRISIL B+ 60 Assigned
Boiled Rice Mill
Sri Lakshmi Venkata Krishna Raw & LT Loan CRISIL B+ 53 Assigned
Boiled Rice Mill
State Bank of India Lower Tier-II Bonds CRISIL AAA 212500 Reaffirmed
State Bank of India Upper Tier-II Bonds CRISIL AAA 205000 Reaffirmed
State Bank of India Tier-I Perpetual CRISIL AAA 31650 Reaffirmed
Bonds
Swashthik Industriees CC CRISIL B+ 30 Assigned
Swashthik Industriees LT Loan CRISIL B+ 30 Assigned
Tamra Dhatu Udyog Pvt Ltd CC CRISIL BBB- 750 Reaffirmed
Tamra Dhatu Udyog Pvt Ltd TL CRISIL BBB- 373.8 Reaffirmed
Tamra Dhatu Udyog Pvt Ltd Proposed LT Bk Long CRISIL BBB- 15 Reaffirmed
Fac
Tata Motors Finance Ltd CC and WC Demand Loan CRISIL AA- 45.23 Reaffirmed
#
#Rs.45.23 billion comprises existing facilities of Rs.42.03 billion and proposed facilities of
Rs.3.20 billion (interchangeable with long-term loans) , Rs.45.23 billion comprises existing
facilities of Rs.41.78 billion and proposed facilities of Rs.3.45 billion (interchangeable with
long-term loans)
Tata Motors Finance Ltd LT Bk Fac CRISIL AA- 98.5 Reaffirmed
Tata Motors Finance Ltd Proposed LT Bk Loan CRISIL AA- 30 Reaffirmed
Fac
Tata Motors Finance Ltd Proposed ST Bk Loan Withdrawal 11.78 Reaffirmed
Fac
The West Bengal Power Development Proposed TL CRISIL BBB- 70 Suspended
Corporation Ltd
The West Bengal Power Development TL CRISIL BBB- 6930 Suspended
Corporation Ltd
Tulip Yarn TL CRISIL BB- 24.8 Assigned
Tulip Yarn CC * CRISIL BB- 28.5 Assigned
* CC includes sublimit of Rs. 2.5 mn. Letter of Credit
Tulip Yarn Proposed LT Bk Loan CRISIL BB- 8.2 Assigned
Fac
--------------------------------------------------------------------------------------------
$: 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

CRISIL 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)