Downgrade Warning
S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
REUTERS SHOWCASE
Revitalising China
China president takes charge of sweeping economic reform plans - sources. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
CRISIL ratings for Indian debt instruments-Feb 1
Feb 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 31, 2013.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Alectrona Energy Pvt Ltd BG CRISIL A4+ 35 Assigned
Amoli Organics Pvt Ltd LOC CRISIL A3 70*** Assigned
*** Interchangeable with buyers Credit to the extent of Rs.70 million
Amoli Organics Pvt Ltd LOC CRISIL A3 25 Assigned
Amoli Organics Pvt Ltd BG CRISIL A3 5 Assigned
Anjana Adorables Packing Credit CRISIL A4 40* Assigned
*Fully interchangeable with foreign bills discounting
Baby Marine International Bill Purchase- CRISIL A4+ 75 Reaffirmed
Discounting Fac
Baby Marine International Packing Credit CRISIL A4+ 55 Reaffirmed
Baby Marine International Proposed ST Bk CRISIL A4+ 2.6 Assigned
Loan Fac
Baby Marine Sarass Bill Purchase- CRISIL A4+ 40 Reaffirmed
Discounting Fac
Baby Marine Sarass Packing Credit CRISIL A4+ 60 Reaffirmed
Baby Marine Sarass Proposed ST Bk CRISIL A4+ 10 Assigned
Loan Fac
Bansal Marine (S.B.) LOC CRISIL A4+ 200 Reaffirmed
Basu & Co Road Contractors Pvt Ltd BG CRISIL A4+ 10 Assigned
Beekalene Fabrics Pvt Ltd LOC CRISIL A4 4 Assigned
Beekalene Fabrics Pvt Ltd BG CRISIL A4 6 Assigned
Bharat Constructions BG CRISIL A4 100 Suspended
Bharat Hydel Projects Pvt Ltd BG CRISIL A4 99.9 Suspended
CCS Computers Pvt Ltd Proposed LOC CRISIL A4+ 50 Assigned
CCS Computers Pvt Ltd Proposed BG CRISIL A4+ 20 Assigned
CCS Computers Pvt Ltd BG CRISIL A4+ 60 Assigned
CCS Computers Pvt Ltd LOC CRISIL A4+ 20 Assigned
Chemco Plastic Industries Pvt Ltd BG CRISIL A3 6 Reaffirmed
Chemco Plastic Industries Pvt Ltd LOC CRISIL A3 10 Reaffirmed
Daawat Foods Ltd Packing Credit CRISIL A3 116.9 Assigned
Desai and Company BG CRISIL A4+ 8 Assigned
Digitronics BG CRISIL A4+ 35 Assigned
Dosch Pharmaceuticals Pvt Ltd BG CRISIL A4+ 2.5 Reaffirmed
Dosch Pharmaceuticals Pvt Ltd Export Packing CRISIL A4+ 46.5 Reaffirmed
Credit
Dosch Pharmaceuticals Pvt Ltd LOC CRISIL A4+ 20 Reaffirmed
Essen Deinki LOC CRISIL A4 16 Assigned
Fairy Food Products Pvt Ltd BG CRISIL A4 2.5 Suspended
Fairy Food Products Pvt Ltd Bill Purchase- CRISIL A4 105 Suspended
Discounting Fac
Fairy Food Products Pvt Ltd LOC CRISIL A4 75 Suspended
Fairy Food Products Pvt Ltd Packing Credit CRISIL A4 80 Suspended
Gorsi Constructions Pvt Ltd BG CRISIL A4 15 Suspended
Gurulaxmi Cottex Pvt Ltd BG CRISIL A4 7.5 Assigned
Hussain Sheth and Sons LOC CRISIL A4+ 400 Reaffirmed
(Shipbreakers) Pvt Ltd
Indexpo Foreign Bill CRISIL A4 45 Suspended
Purchase
Indexpo Packing Credit CRISIL A4 50 Suspended
Indian Transformers & Electricals LOC* CRISIL A4 25 Downgraded
(Prop. Patni Enterprises Pvt. Ltd.) from CRISIL
A4+
*Fully interchangeable
Indian Transformers & Electricals BG* CRISIL A4 25 Downgraded
(Prop. Patni Enterprises Pvt. Ltd.) from CRISIL
A4+
*Fully interchangeable
Indico Motors Pvt Ltd BG CRISIL A4 10 Suspended
Industrial Metal Corporation LOC CRISIL A4+ 130 Assigned
Industrial Metal Corporation BG CRISIL A4+ 10 Assigned
Keshava Medi Devices Pvt Ltd LOC CRISIL A4 10 Assigned
Keshava Medi Devices Pvt Ltd BG CRISIL A4 5 Assigned
Landmark Corporation Pvt Ltd BG CRISIL A4+ 80 Downgraded
from CRISIL
BB
LT Foods Ltd LOC CRISIL A3 430 Assigned
LT Foods Ltd Bills Payable CRISIL A3 461 Assigned
LT Foods Ltd Foreign LOC CRISIL A3 72 Assigned
LT Foods Ltd BG CRISIL A3 176 Assigned
LT Foods Ltd Bill Discounting CRISIL A3 1 Assigned
LT Foods Ltd Post Shipment CRISIL A3 90 Assigned
Credit
LT Foods Ltd Export CRISIL A3 103 Assigned
Post-Shipment
Credit
MBG Commodities Pvt Ltd Proposed LOC & BG CRISIL A3+ 700 Suspension
revoked
MBG Commodities Pvt Ltd LOC & BG CRISIL A3+ 2250 Suspension
revoked
Mercury Granites Pvt Ltd Foreign Bill CRISIL A4 17.5 Reaffirmed
Purchase
Mercury Granites Pvt Ltd Standby Line of CRISIL A4 8 Reaffirmed
Credit
Mercury Granites Pvt Ltd Packing Credit CRISIL A4 17.5 Reaffirmed
Mercury Granites Pvt Ltd LOC CRISIL A4 7.5 Reaffirmed
MMTC - Pamp India Pvt Ltd BG^^ CRISIL A3 2000 Upgraded
from CRISIL
BB+
^^Interchangeable with LC
MMTC - Pamp India Pvt Ltd Standby LOC** CRISIL A3 6000 Assigned
**Interchangeable with Bank Guarantee and Stand by Letter of Credit
MMTC - Pamp India Pvt Ltd Proposed NFBL CRISIL A3 6535 Assigned
MMTC - Pamp India Pvt Ltd LOC* CRISIL A3 2250 Assigned
*Interchangeable with Stand by Letter of Credit, includes Rs.500 million sub-limit for Bank
Guarantee.
MMTC - Pamp India Pvt Ltd LOC CRISIL A3 2000 Assigned
MMTC - Pamp India Pvt Ltd LOC^ CRISIL A3 1000 Assigned
^ Interchangeable with BG
Mono Steel (India) Ltd BG CRISIL A3 50 Upgraded
from CRISIL
A4+
Mono Steel (India) Ltd Buyer Credit Limit CRISIL A3 350 Upgraded
from CRISIL
A4+
Morvi Vegetable Products Ltd BG CRISIL A4+ 2.7 Reaffirmed
Morvi Vegetable Products Ltd LOC CRISIL A4+ 30 Assigned
Mydeen Timbers LOC CRISIL A4+ 180 Assigned
Natraj Proteins Ltd BG CRISIL A4+ 5 Reaffirmed
Natraj Proteins Ltd Packing Credit CRISIL A4+ 96 Reaffirmed
Nature Bio-Foods Ltd LOC CRISIL A3 200 Assigned
Navbharat Insulation & Engg. Co. BG CRISIL A4 20 Reaffirmed
Navbharat Insulation & Engg. Co. LOC CRISIL A4 15 Reaffirmed
Noor Impex Pvt Ltd LOC CRISIL A4 110 Reaffirmed
Nova Carbons India Pvt Ltd Foreign Bill CRISIL A4+ 25 Assigned
Discounting
Nova Carbons India Pvt Ltd Packing Credit CRISIL A4+ 25 Assigned
Oswal Fashion Pvt Ltd LOC CRISIL A4 10.5 Assigned
Patsar Transformers and Electricals LOC* CRISIL A4 17.5 Downgraded
Pvt Ltd from CRISIL
A4+
*Fully interchangeable
Patsar Transformers and Electricals BG* CRISIL A4 22.5 Downgraded
Pvt Ltd from CRISIL
A4+
*Fully interchangeable
Pioneer Agro Extracts Ltd LOC CRISIL A4 50 Assigned
Pranjal Projects Pvt Ltd LOC CRISIL A4 110* Assigned
*Fully Inter-changeable with Letter of Guarantee
Prasad Multi Services Pvt Ltd BG CRISIL A4 30 Assigned
R.M.R. Spinning Mill Pvt Ltd LOC CRISIL A4 2 Assigned
Raghunath Agro Industries Packing Credit CRISIL A3 282.5 Assigned
Raghunath Agro Industries Bills Payable CRISIL A3 17.5 Assigned
Rajankumar & Bros (Impex) LOC CRISIL A4+ 650 Reaffirmed
RKB Mining & Infrastructure LOC CRISIL A4+ 240 Upgraded
from CRISIL
A4
S T P Ltd LOC CRISIL A4 130 Reaffirmed
S T P Ltd BG CRISIL A4 20 Reaffirmed
Savitri Steels & Rerollings Pvt Ltd BG CRISIL A4+ 15 Assigned
Shree Sidhbali Steels Ltd LOC CRISIL A4 38.5 Assigned
Shree Sidhbali Steels Ltd BG CRISIL A4 25 Assigned
SJB Automobiles Pvt Ltd Inventory Funding CRISIL A4+ 56.6 Assigned
Fac
SJB Automobiles Pvt Ltd BG CRISIL A4+ 11 Assigned
Sree Murali Mohana Boiled and Raw Packing Credit CRISIL A4+ 300 Upgraded
Rice Mill Pvt Ltd from CRISIL
BB
Sri Vakirakaaliamman Spinning Mills Letter Of Guarantee CRISIL A4 6.5 Assigned
Pvt Ltd
Supertex Industries Ltd Overdraft Fac CRISIL A4 5 Assigned
Suven Life Sciences Ltd LOC CRISIL A4 120 Reaffirmed
Suven Life Sciences Ltd BG CRISIL A4 25 Reaffirmed
Tirupati Aluminium Ltd BG CRISIL A4 45 Assigned
Tribhuvan Apparels Pvt Ltd Export Packing CRISIL A4 60 Assigned
Credit
Triveni Electroplast Pvt Ltd LOC & BG CRISIL A4 45 Assigned
Unistil Alcoblends Pvt Ltd LOC CRISIL A4+ 10 Assigned
Unistil Alcoblends Pvt Ltd BG CRISIL A4+ 2.5 Assigned
Vaishno Devi Dairy Products Pvt Ltd BG CRISIL A4 10 Suspended
Vintech Industries Pvt Ltd Export Packing CRISIL A4+ 6 Reaffirmed
Credit
LONG TERM RATINGS:
-------------------
A. L. Overseas CC CRISIL B+ 80 Suspended
Alectrona Energy Pvt Ltd LOC* CRISIL BB- 20 Assigned
*Interchangeable with cash credit to the extent of Rs.10.00 million
Alectrona Energy Pvt Ltd CC CRISIL BB- 55 Assigned
Al-Sami Agro Products Pvt Ltd LT Loan CRISIL B 200 Assigned
Amoli Organics Pvt Ltd Rupee TL CRISIL BBB- 126**** Assigned
****fully interchangeable with foreign currency term loan
Amoli Organics Pvt Ltd Proposed LT Bk CRISIL BBB- 54 Assigned
Loan Fac
Amoli Organics Pvt Ltd CC CRISIL BBB- 100* Assigned
*interchangeable with packing credit to the extent of Rs.100 million
Amoli Organics Pvt Ltd CC CRISIL BBB- 220** Assigned
**interchangeable with packing credit to the extent of Rs.50 million
Andhra Bank Series A PTCs CRISIL AAA (S429.5 Withdrawn
Anjana Adorables LT Loan CRISIL B+ 25 Assigned
Arowana Exports CC CRISIL B 95 Assigned
AVK Automart Pvt Ltd CC CRISIL B+ 140 Assigned
AVK Automart Pvt Ltd TL CRISIL B+ 80 Assigned
Balaji Polytex Industry Pvt Ltd TL CRISIL D 90 Assigned
Balaji Polytex Industry Pvt Ltd BG CRISIL D 5 Assigned
Balaji Polytex Industry Pvt Ltd CC CRISIL D 50 Assigned
Bansal Marine (S.B.) LT Loan CRISIL BB- 2 Downgraded
from CRISIL
BB
Bansal Marine (S.B.) Proposed LT Bk CRISIL BB- 78 Assigned
Loan Fac
Basu & Co Road Contractors Pvt Ltd Proposed LT Bk CRISIL BB- 15 Assigned
Loan Fac
Basu & Co Road Contractors Pvt Ltd CC CRISIL BB- 45 Assigned
Beekalene Fabrics Pvt Ltd TL CRISIL B+ 50 Assigned
Beekalene Fabrics Pvt Ltd Proposed LT Bk CRISIL B+ 100 Assigned
Loan Fac
Beekalene Fabrics Pvt Ltd CC CRISIL B+ 40 Assigned
Beekay Distributors CC CRISIL BB+ 15 Reaffirmed
Beekay Distributors Channel Financing CRISIL BB+ 82.3 Reaffirmed
Beekay Distributors Proposed LT Bk CRISIL BB+ 2.7 Assigned
Loan Fac
Bharat Constructions CC CRISIL B- 100 Suspended
Bharat Hydel Projects Pvt Ltd CC CRISIL B- 100 Suspended
CCS Computers Pvt Ltd Proposed CC Limit CRISIL BB 150 Assigned
Chemco Plastic Industries Pvt Ltd CC CRISIL BBB- 52.5 Reaffirmed
Chemco Plastic Industries Pvt Ltd Proposed LT Bk CRISIL BBB- 1.4 Reaffirmed
Loan Fac
Chemco Plastic Industries Pvt Ltd Rupee TL CRISIL BBB- 50.1 Reaffirmed
Daawat Foods Ltd TL CRISIL BBB- 423.3 Assigned
Daawat Foods Ltd Standby Line of CRISIL BBB- 50 Assigned
Credit
Daawat Foods Ltd CC CRISIL BBB- 1209.8 Assigned
Dasari Veer Raju & Gunnam Ram TL CRISIL D 70.5 Reaffirmed
Chandra Rao Memorial Trust
Deo Ispat Alloys Ltd CC CRISIL B+ 100 Downgraded
from CRISIL
BB-
Deo Ispat Alloys Ltd TL CRISIL B+ 10 Downgraded
from CRISIL
BB-
Desai and Company CC CRISIL BB 60 Assigned
Dev Priya Product Ltd CC CRISIL BBB- 300 Reaffirmed
Dev Priya Product Ltd TL CRISIL BBB- 60 Reaffirmed
Devnandan Infrastructure Pvt Ltd Proposed LT Bk CRISIL BB- 220 Assigned
Loan Fac
Devnandan Infrastructure Pvt Ltd TL CRISIL BB- 280 Assigned
Digitronics TL CRISIL BB- 19.8 Assigned
Digitronics Proposed CC Limit CRISIL BB- 2.2 Assigned
Digitronics CC CRISIL BB- 8 Assigned
Dosch Pharmaceuticals Pvt Ltd CC CRISIL BB+ 73.5 Reaffirmed
Dosch Pharmaceuticals Pvt Ltd Proposed LT Bk CRISIL BB+ 7.5 Reaffirmed
Loan Fac
Emark Energisers Pvt Ltd TL CRISIL B- 33.9^ Assigned
^includes sub-limit of Rs.10.0 Million of Buyer's Credit
Emark Energisers Pvt Ltd TL CRISIL B- 6 Assigned
Emark Energisers Pvt Ltd CC CRISIL B- 27.5* Assigned
*includes sub-limit of Rs.5.0 Million of LC & Rs.5.0 Million of BD
Emark Energisers Pvt Ltd Proposed LT Bk CRISIL B- 22.6 Assigned
Loan Fac
Essen Deinki TL CRISIL B+ 12 Assigned
Essen Deinki CC CRISIL B+ 57 Assigned
Fairy Food Products Pvt Ltd CC CRISIL C 35 Suspended
Florence Nightingale Educational TL CRISIL B 100 Assigned
Society
Florence Nightingale Educational Overdraft Fac CRISIL B 10 Assigned
Society
Florence Nightingale Educational Proposed LT Bk CRISIL B 40 Assigned
Society Loan Fac
Ganpati Foods CC CRISIL B+ 110 Reaffirmed
Ganpati Foods TL CRISIL B+ 10 Reaffirmed
Gorsi Constructions Pvt Ltd CC CRISIL C 45 Suspended
Gorsi Constructions Pvt Ltd Proposed LT Bk CRISIL C 11.8 Suspended
Loan Fac
Gorsi Constructions Pvt Ltd WC Demand Loan CRISIL C 6 Suspended
Gurulaxmi Cottex Pvt Ltd TL CRISIL B- 191.9 Assigned
Gurulaxmi Cottex Pvt Ltd Proposed LT Bk CRISIL B- 0.6 Assigned
Loan Fac
Gurulaxmi Cottex Pvt Ltd CC CRISIL B- 50 Assigned
Hi - Tech Board Pvt Ltd CC CRISIL B+ 50 Reaffirmed
Hi - Tech Board Pvt Ltd LT Loan CRISIL B+ 150 Reaffirmed
Hussain Sheth and Sons CC CRISIL BB- 50 Reaffirmed
(Shipbreakers) Pvt Ltd
Indian Transformers & Electricals CC CRISIL B+ 40 Downgraded
(Prop. Patni Enterprises Pvt. Ltd.) from CRISIL
BB-
Indico Motors Pvt Ltd CC CRISIL B 120 Suspended
Indico Motors Pvt Ltd Proposed LT Bk CRISIL B 69.9 Suspended
Loan Fac
Industrial Metal Corporation CC CRISIL BB 30 Assigned
Jai Sai Trading Co Proposed LT Bk CRISIL B 10 Assigned
Loan Fac
Jai Sai Trading Co Warehouse Receipts CRISIL B 90 Assigned
Jai Shiv Foods Proposed LT Bk CRISIL B 10 Assigned
Loan Fac
Jai Shiv Foods Warehouse Receipts CRISIL B 90 Assigned
Jindal Charitable Society TL CRISIL B 160 Assigned
Jindal Charitable Society Overdraft Fac CRISIL B 20 Assigned
Jindal Charitable Society Proposed LT Bk CRISIL B 20 Assigned
Loan Fac
K.G. Industries CC CRISIL B 190 Reaffirmed
K.G. Industries Proposed LT Bk CRISIL B 10 Reaffirmed
Loan Fac
K.G. Industries TL CRISIL B 10 Assigned
Kasavu Kada CC CRISIL B 66 Assigned
Kasavu Kada LT Loan CRISIL B 14 Assigned
Keshava Medi Devices Pvt Ltd CC CRISIL B+ 45 Assigned
Keshava Medi Devices Pvt Ltd LT Loan CRISIL B+ 63.6 Assigned
Kundu Developers & Realtors (P) Ltd CC CRISIL B+ 70 Suspended
Kundu Developers & Realtors (P) Ltd WC Demand Loan CRISIL B+ 90 Suspended
Landmark Corporation Pvt Ltd CC CRISIL BB- 70 Downgraded
from CRISIL
BB
Landmark Corporation Pvt Ltd Proposed LT Bk CRISIL BB- 40 Downgraded
Loan Fac from CRISIL
BB
LT Foods Ltd Export Packing CRISIL BBB- 588 Assigned
Credit
LT Foods Ltd WC Demand Loan CRISIL BBB- 110 Assigned
LT Foods Ltd Proposed LT Bk CRISIL BBB- 354 Assigned
Loan Fac
LT Foods Ltd Pledge Loan CRISIL BBB- 1500 Assigned
LT Foods Ltd CC CRISIL BBB- 1464 Assigned
LT Foods Ltd TL CRISIL BBB- 961 Assigned
LT Foods Ltd Packing Credit CRISIL BBB- 1246 Assigned
LT Foods Ltd Standby LOC CRISIL BBB- 88 Assigned
Mahavir Dal Mills Pvt Ltd TL CRISIL BB 3 Reaffirmed
Mahavir Dal Mills Pvt Ltd CC CRISIL BB 85 Reaffirmed
Mahavir Dal Mills Pvt Ltd Proposed LT Bk CRISIL BB 27 Reaffirmed
Loan Fac
Mansha Agencies Pvt Ltd CC CRISIL BBB- 150 Reaffirmed
MBG Commodities Pvt Ltd Proposed CC Limit CRISIL BBB 50 Suspension
revoked
MBG Commodities Pvt Ltd CC CRISIL BBB 250 Suspension
revoked
Mercury Granites Pvt Ltd LT Loan CRISIL C 34.5 Downgraded
from CRISIL
B
MMTC - Pamp India Pvt Ltd TL CRISIL BBB- 1385 Assigned
MMTC - Pamp India Pvt Ltd CC CRISIL BBB- 250 Assigned
MMTC - Pamp India Pvt Ltd CC# CRISIL BBB- 100 Assigned
#Interchangeable with Working Capital Demand Loan and Bill Discounting.
MMTC - Pamp India Pvt Ltd CC@ CRISIL BBB- 50 Assigned
@Interchangeable with WCDL/FCNR(B)
Mono Steel (India) Ltd CC CRISIL BBB- 650 Upgraded
from CRISIL
BB+
Mono Steel (India) Ltd TL CRISIL BBB- 750 Upgraded
from CRISIL
BB+
Morvi Vegetable Products Ltd CC CRISIL BB- 150 Downgraded
from CRISIL
BB
Mydeen Timbers CC CRISIL BB- 25 Assigned
Nangalia Fabrics Pvt Ltd BG CRISIL D 0.7 Reaffirmed
Nangalia Fabrics Pvt Ltd CC CRISIL D 57 Reaffirmed
Nangalia Fabrics Pvt Ltd LOC CRISIL D 5 Reaffirmed
Nangalia Fabrics Pvt Ltd Packing Credit CRISIL D 20 Reaffirmed
Nangalia Fabrics Pvt Ltd Proposed LT Bk CRISIL D 15 Reaffirmed
Loan Fac
Nangalia Fabrics Pvt Ltd Standby Line of CRISIL D 5 Reaffirmed
Credit
Natraj Proteins Ltd CC CRISIL BB+ 36 Reaffirmed
Natraj Proteins Ltd Warehouse Receipts CRISIL BB+ 36 Reaffirmed
Nature Bio-Foods Ltd CC CRISIL BBB- 200 Assigned
Navbharat Insulation & Engg. Co. CC CRISIL B- 33.5 Downgraded
from CRISIL
B+
Noor Impex Pvt Ltd CC CRISIL B 20 Reaffirmed
Oswal Fashion Pvt Ltd TL CRISIL B- 45 Assigned
Oswal Fashion Pvt Ltd Proposed LT Bk CRISIL B- 4.5 Assigned
Loan Fac
Oswal Fashion Pvt Ltd CC CRISIL B- 220 Assigned
Oswal Trends Pvt Ltd CC CRISIL B- 110 Assigned
Parekh Aluminex Ltd NCD CRISIL BB+@ 1250 Downgraded
from CRISIL
BBB+
Patsar Transformers and Electricals CC CRISIL B+ 27.5 Downgraded
Pvt Ltd from CRISIL
BB-
Pioneer Agro Extracts Ltd TL CRISIL B+ 10 Assigned
Pioneer Agro Extracts Ltd CC CRISIL B+ 62.5 Assigned
Pioneer Industries Ltd CC CRISIL BB 180 Assigned
Pioneer Industries Ltd TL CRISIL BB 211.8 Assigned
Pranjal Projects Pvt Ltd CC CRISIL B+ 80 Assigned
Prasad Multi Services Pvt Ltd TL CRISIL B- 153.4 Assigned
Prasad Multi Services Pvt Ltd Proposed LT Bk CRISIL B- 56.6 Assigned
Loan Fac
Prasad Multi Services Pvt Ltd CC CRISIL B- 60 Assigned
Pride Coke Pvt Ltd CC CRISIL B- 110 Upgraded
from CRISIL
D
Pride Coke Pvt Ltd TL CRISIL B- 41.4 Upgraded
from CRISIL
D
R.M.R. Spinning Mill Pvt Ltd LT Loan CRISIL B+ 28 Assigned
R.M.R. Spinning Mill Pvt Ltd CC CRISIL B+ 50 Assigned
Radhey Shyam Trading Co Proposed LT Bk CRISIL B 10 Assigned
Loan Fac
Radhey Shyam Trading Co Warehouse Receipts CRISIL B 90 Assigned
Raghunath Agro Industries Proposed LT Bk CRISIL BBB- 255 Assigned
Loan Fac
Raghunath Agro Industries CC CRISIL BBB- 55 Assigned
Rajankumar & Bros (Impex) CC CRISIL BB 250 Reaffirmed
Rajeshree Industries India Pvt Ltd CC CRISIL BB- 200 Assigned
Rajeshree Industries India Pvt Ltd TL CRISIL BB- 20 Assigned
Ramesh Corporation CC CRISIL BB+ 170 Reaffirmed
RKB Mining & Infrastructure CC CRISIL BB 70 Upgraded
from CRISIL
B+
S T Impex Pvt Ltd CC CRISIL B 150 Assigned
S T P Ltd CC CRISIL B+ 200 Reaffirmed
Saluja Motors Pvt Ltd Proposed LT Bk CRISIL BB+ 180 Assigned
Loan Fac
Sanjay Steel Corporation LOC CRISIL B 70 Reaffirmed
Sanjay Steel Corporation Proposed LT Bk CRISIL B 29.9 Reaffirmed
Loan Fac
Savitri Steels & Rerollings Pvt Ltd LT Loan CRISIL BB- 65 Assigned
Savitri Steels & Rerollings Pvt Ltd CC CRISIL BB- 100 Assigned
Shree Sidhbali Steels Ltd TL CRISIL B- 116.5 Assigned
Shree Sidhbali Steels Ltd CC CRISIL B- 200 Assigned
SJB Automobiles Pvt Ltd Proposed TL CRISIL BB 20 Assigned
SJB Automobiles Pvt Ltd LT Loan CRISIL BB 15.4 Assigned
SJB Automobiles Pvt Ltd CC CRISIL BB 97 Assigned
Sree Murali Mohana Boiled and Raw CC CRISIL BB+ 800 Upgraded
Rice Mill Pvt Ltd from CRISIL
BB
Sree Murali Mohana Boiled and Raw TL CRISIL BB+ 100 Assigned
Rice Mill Pvt Ltd
Sri Sai Venkateshwara Agro TL CRISIL D 15 Assigned
Industries
Sri Sai Venkateshwara Agro CC CRISIL D 36 Assigned
Industries
Sri Sai Venkateshwara Agro SME Credit CRISIL D 5 Assigned
Industries
Sri Vakirakaaliamman Spinning Mills CC CRISIL B+ 300 Reaffirmed
Pvt Ltd
Sri Vakirakaaliamman Spinning Mills Proposed LT Bk CRISIL B+ 19.5 Reaffirmed
Pvt Ltd Loan Fac
Sri Vakirakaaliamman Spinning Mills TL CRISIL B+ 89 Reaffirmed
Pvt Ltd
Supertex Industries Ltd Proposed LT Bk CRISIL B+ 695 Assigned
Loan Fac
Suven Life Sciences Ltd TL CRISIL BB 847.7 Reaffirmed
Suven Life Sciences Ltd CC# CRISIL BB 230 Reaffirmed
#Fully Interchangeable with Export Packing Credit/Packing Credit in Foreign Currency/Bill
Discounting
Suven Life Sciences Ltd CC CRISIL BB 50 Reaffirmed
Tata Capital Financial Services Ltd Perpetual Bonds CRISIL AA- 2000 Reaffirmed
Programme
Tata Capital Financial Services Ltd NCD CRISIL AA+ 10000 Assigned
Tata Capital Financial Services Ltd NCD CRISIL AA+ 17000 Reaffirmed
Technico Industries Ltd WC Demand Loan CRISIL D 250 Assigned
Technico Industries Ltd TL CRISIL D 837.8 Assigned
Technico Industries Ltd BG CRISIL D 30 Assigned
Technico Industries Ltd CC* CRISIL D 250 Assigned
*Includes sub limit for letter of credit for Rs. 150.0 mn & packing credit/foreign bills
purchase for Rs. 50.0 mn.
Texool Ltd Bill Purchase- CRISIL D 25 Downgraded
Discounting Fac* from CRISIL
A4+
*Fully interchangeable with each other. The combined ceiling for Packing Credit and Bill
Purchase- Discounting Facility is Rs.75 million
Texool Ltd LOC CRISIL D 10 Downgraded
from CRISIL
A4+
Texool Ltd Packing Credit* CRISIL D 60 Downgraded
from CRISIL
A4+
*Fully interchangeable with each other. The combined ceiling for Packing Credit and Bill
Purchase- Discounting Facility is Rs.75 million
Tirupati Aluminium Ltd CC CRISIL B 140 Assigned
Tribhuvan Apparels Pvt Ltd TL CRISIL B 26 Assigned
Triveni Electroplast Pvt Ltd TL CRISIL B+ 60 Assigned
Triveni Electroplast Pvt Ltd CC CRISIL B+ 65 Assigned
Unistil Alcoblends Pvt Ltd TL CRISIL BB 20 Assigned
Unistil Alcoblends Pvt Ltd Proposed LT Bk CRISIL BB 8.5 Assigned
Loan Fac
Unistil Alcoblends Pvt Ltd CC CRISIL BB 155 Assigned
Uttar Pradesh State Bridge CC CRISIL BBB+ 250 Upgraded
Corporation Ltd from CRISIL
BBB
V. D. Motors Pvt Ltd CC CRISIL B+ 120 Assigned
Vaishno Devi Dairy Products Pvt Ltd CC CRISIL B 34 Suspended
Vaishno Devi Dairy Products Pvt Ltd Proposed LT Bk CRISIL B 121.4 Suspended
Loan Fac
Vaishno Devi Dairy Products Pvt Ltd TL CRISIL B 54.6 Suspended
Varadharaja Foods Pvt Ltd CC CRISIL D 32.5 Reaffirmed
Varadharaja Foods Pvt Ltd TL CRISIL D 20 Reaffirmed
Varadharaja Foods Pvt Ltd LOC CRISIL D 15 Reaffirmed
Varadharaja Foods Pvt Ltd Proposed LT Bk CRISIL D 3.8 Assigned
loan Fac
Vintech Industries Pvt Ltd CC CRISIL BB- 2 Downgraded
from CRISIL
BB
Vintech Industries Pvt Ltd Rupee TL CRISIL BB- 122 Downgraded
from CRISIL
BB
Wacker Chemie India Pvt Ltd Overdraft Fac CRISIL A 155 Reaffirmed
Western UP Tollway Ltd TL CRISIL D 3.85 Reaffirmed
--------------------------------------------------------------------------------------------
$: 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)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints





Follow Reuters