CRISIL ratings for Indian debt instruments-Nov 29

Nov 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 28, 2012.

COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Apotex PharmaChem India Pvt Ltd Packing Credit in CRISIL A2 320 Reaffirmed
Foreign Currency
Arr Ess Industries Pvt Ltd LOC CRISIL D 10 Downgraded
from CRISIL
A4+
Bora Agro Foods LOC & BG CRISIL A3 30 Suspended
Bora Agro Foods Packing Credit in CRISIL A3 240 Suspended
Foreign Currency
Canara Bank CDs CRISIL A1+ 500000 Reaffirmed
Chengmari Tea Co Ltd LOC & BG CRISIL A4+ 7 Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd BG CRISIL A4 10 Assigned
Gill & Company Pvt Ltd Packing Credit CRISIL A3 140 Reaffirmed
Gill & Company Pvt Ltd Packing Credit^ CRISIL A3 300 Reaffirmed
^Fully interchangeable with packing credit in foreign currency, foreign bills purchasing/foreign
bills discounting and interchangeable with short term loan of Rs.100
Gill & Company Pvt Ltd Packing Credit$ CRISIL A3 1000 Reaffirmed
$ Fully interchangeable with export bill discounting, letter of credit of Rs.450 million and
bank guarantee of Rs.500 million
Graffiti Exports Packing Credit CRISIL A4 30 Assigned
Graffiti Exports LOC CRISIL A4 15 Assigned
Graffiti Exports Foreign Bill CRISIL A4 33 Assigned
Discounting
H R Ispat Pvt Ltd LOC CRISIL A4+ 11.6 Assigned
Hanuman Rice & General Mills Packing Credit CRISIL A4 40 Assigned
Homa Engineering Works Proposed ST Bk Loan CRISIL A4 20 Assigned
Fac
Homa Engineering Works Letter Of Guarantee CRISIL A4 40 Assigned
Indwell Constructions Pvt Ltd BG CRISIL A3+ 250 Assigned
Jagran Prakashan Ltd LOC* CRISIL A1+ 1100 Reaffirmed
* Fully interchangeable with bank guarantee
Jayashree Electron Pvt Ltd LOC CRISIL A4+ 3 Assigned
Jayashree Electron Pvt Ltd BG CRISIL A4+ 10 Assigned
Kailas Ceramics Pvt Ltd LOC CRISIL A4 50 Assigned
Kay Pee Metals and Alloys Pvt Ltd BG CRISIL A4+ 5 Upgraded
from CRISIL
A4
Kay Pee Metals and Alloys Pvt Ltd LOC CRISIL A4+ 90 Upgraded
from CRISIL
A4
Laborate Pharmaceuticals India Ltd Packing Credit CRISIL A2 180 Reaffirmed
Laborate Pharmaceuticals India Ltd LOC* CRISIL A2 40 Reaffirmed
Laborate Pharmaceuticals India Ltd BG* CRISIL A2 40 Reaffirmed
Maruti Suzuki India Ltd LOC^ CRISIL A1+ 8000 Reaffirmed
^ Interchangeable with bank guarantee
Maxim Tubes Company Pvt Ltd BG CRISIL A4 8.5 Reaffirmed
* Includes sub limit of 20 Million Packing Credit and Foreign Bill Discounting
Maxim Tubes Company Pvt Ltd Packing Credit CRISIL A4 40 Reaffirmed
Maxim Tubes Company Pvt Ltd LOC CRISIL A4 70 Reaffirmed
Metro Cash & Carry India Pvt Ltd ST Loan CRISIL A1 1000 Reaffirmed
My Car (Pune) Pvt Ltd BG CRISIL A4 20 Assigned
NKCM Spinners Pvt Ltd LOC CRISIL A4+ 10 Upgraded
from CRISIL
A4
Nucon Power Controls Pvt Ltd BG# CRISIL A2+ 400 Downgraded
from CRISIL
A1
# Interchangeable between letter of credit and bank guarantee up to Rs.50 million
Nucon Power Controls Pvt Ltd LOC CRISIL A2+ 25 Downgraded
from CRISIL
A1
Nucon Switchgears Pvt Ltd BG$ CRISIL A2+ 610 Downgraded
from CRISIL
A1
$ Interchangeable between letter of credit and bank guarantee up to Rs.100 million
Sai Life Sciences Ltd LOC CRISIL A2 130 Assigned
Sai Life Sciences Ltd BG CRISIL A2 40 Assigned
Saj Food Products Pvt Ltd BG CRISIL A3+ 10 Suspended
Samsung Overseas Ltd BG CRISIL A3 3 Reaffirmed
Samsung Overseas Ltd Bill Discounting CRISIL A3 250 Reaffirmed
Samsung Overseas Ltd LOC CRISIL A3 700 Reaffirmed
SAR Ispat Pvt Ltd LOC CRISIL A4 120 Assigned
Sree Ayyanar Spinning and Weaving Mills Foreign Bill Purchase CRISIL A4+ 60 Reaffirmed
Limite
Sree Ayyanar Spinning and Weaving Mills LOC CRISIL A4+ 170 Reaffirmed
Limite
Sree Rani Sati Overseas Pvt Ltd LOC* CRISIL A4 100 Reaffirmed
*Includes sublimit of buyer's credit facility of Rs.100 mn
Thota Coldcel Pvt Limite LOC CRISIL A4 15 Assigned
Thota Coldcel Pvt Limite BG CRISIL A4 17.5 Assigned

LONG TERM RATINGS:
-------------------
A M Marketing Ltd CC CRISIL BBB+ 65 Suspended
Aar Aar Technoplast Pvt Ltd CC CRISIL BB+ 75 Upgraded
from CRISIL
BB
Aar Aar Technoplast Pvt Ltd TL CRISIL BB+ 22.5 Upgraded
from CRISIL
BB
Airflow Equipments India Pvt Ltd CC CRISIL D 50 Downgraded
from CRISIL
BB-
Airflow Equipments India Pvt Ltd LT Loan CRISIL D 121 Downgraded
from CRISIL
BB-
Airflow Equipments India Pvt Ltd Proposed CC Limit CRISIL D 14 Downgraded
from CRISIL
BB-
Andhra Bank Perpetual Tier-I BondsCRISIL AA+ 2000 Reaffirmed
Andhra Bank Upper Tier-II Bonds CRISIL AA+ 7200 Reaffirmed
Arr Ess Industries Pvt Ltd CC CRISIL D 190 Downgraded
from CRISIL
BB-
Bhujbal Constron TL CRISIL B 80 Assigned
Bivab Developers Pvt Ltd TL CRISIL D 50 Assigned
Canara Bank Perpetual Tier I CRISIL AAA 15896 Reaffirmed
Bonds
Canara Bank Upper Tier II Bonds CRISIL AAA 20000 Reaffirmed
Canara Bank Lower Tier II Bonds CRISIL AAA 34250 Reaffirmed
Chengmari Tea Co Ltd CC CRISIL BB 121.6 Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd Overdraft Fac CRISIL C 50 Assigned
Gill & Company Pvt Ltd Proposed LT Bk Loan CRISIL BBB- 250 Reaffirmed
Fac
Gill & Company Pvt Ltd CC* CRISIL BBB- 300 Reaffirmed
* Fully interchangeable with packing credit
Gill & Company Pvt Ltd CC# CRISIL BBB- 500 Reaffirmed
# Fully Interchangeable with export packing credit, packing credit in foreign currency foreign
bills purchasing/foreign bills discounting and interchangeable with Rs
Gill & Company Pvt Ltd Foreign Bill CRISIL BBB- 220 Reaffirmed
Discounting
Goldvision Entertainment Pvt Ltd CC CRISIL BB 250 Downgraded
from CRISIL
BBB-
Goldvision Entertainment Pvt Ltd TL CRISIL BB 1000 Downgraded
from CRISIL
BBB-
Graffiti Exports TL CRISIL B+ 35 Assigned
Graffiti Exports CC CRISIL B+ 15 Assigned
H R Ispat Pvt Ltd CC CRISIL BB- 80 Assigned
Hanuman Rice & General Mills CC CRISIL B- 100 Assigned
Homa Engineering Works CC CRISIL B 20 Assigned
Indwell Constructions Pvt Ltd CC CRISIL BBB 16 Assigned
Jagran Prakashan Ltd CC CRISIL AA+ 1750 Reaffirmed
Jagran Prakashan Ltd TL CRISIL AA+ 900 Reaffirmed
Jayashree Electron Pvt Ltd Rupee TL CRISIL BB 10 Assigned
Jayashree Electron Pvt Ltd Proposed LT Bk Loan CRISIL BB 14 Assigned
Fac
Jayashree Electron Pvt Ltd CC CRISIL BB 23 Assigned
Jhanwar Rice & Dall Mill TL CRISIL B 9 Assigned
Jhanwar Rice & Dall Mill CC CRISIL B 70 Assigned
Jhanwar Rice & Dall Mill Proposed LT Bk Loan CRISIL B 1 Assigned
Fac
Kailas Ceramics Pvt Ltd CC CRISIL B 10 Assigned
Kalp Diamonds Post-Shipment Credit CRISIL BB- 110 Reaffirmed
Kalp Diamonds Export Packing Credit CRISIL BB- 40 Reaffirmed
Kay Pee Metals and Alloys Pvt Ltd CC CRISIL BB- 50 Upgraded
from CRISIL
B+
Kay Pee Metals and Alloys Pvt Ltd LT Loan CRISIL BB- 9 Upgraded
from CRISIL
B+
Kay Pee Metals and Alloys Pvt Ltd Proposed LT Bk Loan CRISIL BB- 18 Upgraded
Fac from CRISIL
B+
Khimesara Silk Mills Pvt Ltd CC CRISIL B+ 20 Assigned
Khimesara Silk Mills Pvt Ltd Proposed LT Bk Loan CRISIL B+ 30 Assigned
Fac
KKP Hi Tech Weaving India Pvt Ltd CC CRISIL B+ 50 Assigned
KKP Hi Tech Weaving India Pvt Ltd LT Loan CRISIL B+ 73.4 Assigned
Laborate Pharmaceuticals India Ltd CC CRISIL BBB+ 300 Reaffirmed
Laborate Pharmaceuticals India Ltd TL CRISIL BBB+ 30 Reaffirmed
Mahavir Fibre Industries CC CRISIL B+ 35 Assigned
Mahavir Fibre Industries Proposed LT Bk Loan CRISIL B+ 15 Assigned
Fac
Malles Constructions Pvt Ltd LT Loan CRISIL BB- 50 Assigned
Malles Constructions Pvt Ltd Overdraft Fac CRISIL BB- 50 Assigned
Maruti Suzuki India Ltd CC# CRISIL AAA 22000 Reaffirmed
# Interchangeable with working capital demand loans/ buyers credit/packing credit/post
shipment credit facilities; Upto Rs. 15.65 billion is interchangeable with Letter
of Credit and Bank Guarantee
Maxim Tubes Company Pvt Ltd CC CRISIL B+ 50 Reaffirmed
Maxim Tubes Company Pvt Ltd Credit Limit Under CRISIL B+ 8 Reaffirmed
Gold Card
Maxim Tubes Company Pvt Ltd Proposed LT Bk Loan CRISIL B+ 59.1 Reaffirmed
Fac
Maxim Tubes Company Pvt Ltd TL CRISIL B+ 84.4 Reaffirmed
Metro Cash & Carry India Pvt Ltd LT Loan CRISIL A 3250 Reaffirmed
Metro Cash & Carry India Pvt Ltd Proposed LT Bk Loan CRISIL A 3380 Reaffirmed
Fac
Metro Cash & Carry India Pvt Ltd WC Loan* CRISIL A 810 Reaffirmed
*Upto Rs. 160 Million interchangeable with letter of credit/ bank guarantee
My Car (Pune) Pvt Ltd TL CRISIL B+ 73.8 Assigned
My Car (Pune) Pvt Ltd Proposed LT Bk Loan CRISIL B+ 36.2 Assigned
Fac
My Car (Pune) Pvt Ltd Inventory Funding Fac CRISIL B+ 160 Assigned
My Car (Pune) Pvt Ltd CC CRISIL B+ 60 Assigned
NKCM Spinners Pvt Ltd CC CRISIL BB- 150 Upgraded
from CRISIL
B+
NKCM Spinners Pvt Ltd LT Loan CRISIL BB- 30 Upgraded
from CRISIL
B+
North Bengal Oncology Centre Pvt Ltd TL CRISIL D 80 Assigned
North Bengal Oncology Centre Pvt Ltd Overdraft Fac CRISIL D 0.8 Assigned
North Bengal Oncology Centre Pvt Ltd Proposed LT Bk Loan CRISIL D 9.2 Assigned
Fac
Nucon Power Controls Pvt Ltd CC CRISIL A- 50 Reaffirmed
Nucon Power Controls Pvt Ltd LOC** CRISIL A- 25 Reaffirmed
** Changeable one way to cash credit limit from letter of credit up to Rs.25 million
Nucon Power Controls Pvt Ltd Proposed LT Bk Loan CRISIL A- 300 Reaffirmed
Fac
Nucon Switchgears Pvt Ltd CC** CRISIL A- 220 Reaffirmed
** Includes a sublimit for export packing credit of Rs.70 million
Nucon Switchgears Pvt Ltd LOC# CRISIL A- 100 Reaffirmed
# Changeable one way to cash credit limit from letter of credit up Rs.100 million
Nucon Switchgears Pvt Ltd Proposed LT Bk Loan CRISIL A- 370 Reaffirmed
Fac
Rangali Agro India Pvt Ltd CC CRISIL B 70 Assigned
Rangali Agro India Pvt Ltd TL CRISIL B 200 Assigned
Sai Life Sciences Ltd Standby Line of CreditCRISIL BBB+ 90 Assigned
Sai Life Sciences Ltd LT Loan CRISIL BBB+ 550 Assigned
Sai Life Sciences Ltd CC CRISIL BBB+ 440 Assigned
Saj Food Products Pvt Ltd CC CRISIL BBB 100 Suspended
Saj Food Products Pvt Ltd Proposed LT Bk Loan CRISIL BBB 45.4 Suspended
Fac
Saj Food Products Pvt Ltd Rupee TL CRISIL BBB 93.7 Suspended
Samsung Overseas Ltd Export Packing Credit CRISIL BBB- 100 Reaffirmed
Samsung Overseas Ltd Proposed LT Bk Loan CRISIL BBB- 12.5 Reaffirmed
Fac
SAR Ispat Pvt Ltd CC CRISIL B+ 100 Assigned
Shri Bijasani Cotton Fiber CC CRISIL B- 70 Assigned
Shri Bijasani Cotton Fiber TL CRISIL B- 20 Assigned
Siddhi Industries CC CRISIL B 30 Upgraded
from CRISIL
B-
Siddhi Industries Proposed LT Bk Loan CRISIL B 25 Upgraded
Fac from CRISIL
B-
Siddhi Industries Rupee TL CRISIL B 4.2 Upgraded
from CRISIL
B-
Sree Ayyanar Spinning and Weaving Mills CC CRISIL BB 119 Reaffirmed
Limite
Sree Ayyanar Spinning and Weaving Mills Proposed LT Bk Loan CRISIL BB 32.6 Reaffirmed
Limite Fac
Sree Ayyanar Spinning and Weaving Mills TL CRISIL BB 163.3 Reaffirmed
Limite
Sree Ayyanar Spinning and Weaving Mills WC Demand Loan CRISIL BB 151 Reaffirmed
Limite
Sree Rani Sati Overseas Pvt Ltd CC^ CRISIL B 40 Reaffirmed
^Include sublimit of Working Capital Demand Loan/Export Packing Credit, Foreign Bill
Purchase of Rs.40 mn and letter of credit facility of Rs.20 mn
Sterling Estates and Properties Ltd CC CRISIL D 100 Downgraded
from CRISIL
C
Sterling Estates and Properties Ltd Proposed LT Bk Loan CRISIL D 2.4 Downgraded
Fac from CRISIL
C
Swarna Industries Ltd CC CRISIL BB 250 Reaffirmed
Swarna Industries Ltd TL CRISIL BB 18.4 Reaffirmed
Talwar Auto Garages Pvt Ltd Channel Financing CRISIL B 75 Downgraded
from CRISIL
BB+
Thirupathy Bright Industries Proposed TL CRISIL BB- 25 Assigned
Thirupathy Bright Industries CC CRISIL BB- 50 Assigned
Thirupathy Bright Industries Proposed CC Limit CRISIL BB- 30 Assigned
Thota Coldcel Pvt Limite TL CRISIL B 45 Assigned
Thota Coldcel Pvt Limite Proposed LT CRISIL B 2.5 Assigned
Thota Coldcel Pvt Limite CC CRISIL B 30 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

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)