CRISIL ratings for Indian debt instruments-May 9

Thu May 9, 2013 10:43am IST

May 9 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 8, 2013.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
AB&Co Global Pvt Ltd                  LOC                CRISIL A4+     300*    Suspended
*Includes sublimit of Bank Guarantee of Rs.50 Million,*Includes sublimit of Buyers Credit of
Rs.150 Million 
AB&Co Global Pvt Ltd                  Proposed ST Bk     CRISIL A4+     150     Suspended
                                      Loan Fac
Akash Coke Industries Pvt Ltd         BG                 CRISIL A4+     10      Reaffirmed
Bhasin & Company                      BG                 CRISIL A4      3       Upgraded from
                                                                                CRISIL D
Bhasin & Company                      LOC                CRISIL A4      7       Upgraded from
                                                                                CRISIL D
DJPR Constructions Pvt Ltd            BG                 CRISIL A4+     40      Upgraded from
                                                                                CRISIL A4
Exim Overseas Pvt Ltd                 BG                 CRISIL A4+     5       Reaffirmed
Exim Overseas Pvt Ltd                 Export Packing     CRISIL A4+     180     Reaffirmed
                                      Credit
Juhu Beach Resorts Ltd                ST Loan            CRISIL A1      150     Assigned
Omega Designs                         Bill Discounting   CRISIL A4+     47.5    Reaffirmed
Omega Designs                         LOC & BG           CRISIL A4+     5       Reaffirmed
Omega Designs                         Packing Credit     CRISIL A4+     47.5    Reaffirmed
Palmar Mills Pvt Ltd                  LOC                CRISIL A4+     15      Reaffirmed
Ritco Logistics Pvt. Ltd              BG                 CRISIL A4+     50      Suspended
Shanti Gopal Concast Ltd              BG                 CRISIL A4+     19.1    Suspended
TD Power Systems Ltd                  BG                 CRISIL A1+     1080    Reaffirmed
TD Power Systems Ltd                  LOC                CRISIL A1+     350     Reaffirmed
Tube Investments of India Ltd         LOC**              CRISIL A1+     3000    Reaffirmed
**Interchangeable with bank guarantee.
Vaghasiya Exports                     Foreign Bill       CRISIL A4+     130
                                      Discounting
Vaghasiya Exports                     Proposed ST Bk     CRISIL A4+     20
                                      Loan Fac
LONG TERM RATINGS:
-------------------
AB&Co Global Pvt Ltd                  LOC                CRISIL BB      50**    Suspended
**Includes sublimit of Cash Credit of Rs.50 Million
Akash Coke Industries Pvt Ltd         CC                 CRISIL BB-     150     Reaffirmed
Akash Coke Industries Pvt Ltd         Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                      Loan Fac
Akash Coke Industries Pvt Ltd         Standby Line of    CRISIL BB-     23      Reaffirmed
                                      Credit
Akshay Cargo Movers Pvt Ltd           BG                 CRISIL D       2       Suspended
Akshay Cargo Movers Pvt Ltd           CC                 CRISIL D       38      Suspended
Akshay Cargo Movers Pvt Ltd           LT Loan            CRISIL D       200     Suspended
Alliance Filaments Ltd                CC                 CRISIL B-      150     Suspended
Alliance Filaments Ltd                Proposed LT Bk     CRISIL B-      8       Suspended
                                      Loan Fac
Alliance Filaments Ltd                TL                 CRISIL B-      300     Suspended
Anjani Cotton Industries              CC                 CRISIL B+      90      Suspended
ASK Financial Services Ltd            NCD                CRISIL B       500     Reaffirmed
Asomi Finance Pvt Ltd                 LT Bk Fac          CRISIL B+      161.6   Reaffirmed
Asomi Finance Pvt Ltd                 Proposed LT Bk     CRISIL B+      330.9   Reaffirmed
                                      Loan Fac
Basanth Wind Farm                     LT Loan            CRISIL B+      120     Assigned
Bhasin & Company                      Overdraft Fac      CRISIL B       60      Upgraded from
                                                                                CRISIL D
Bhasin & Company                      Proposed LT Bk     CRISIL B       38.1    Upgraded from
                                      Loan Fac                                  CRISIL D
Bhasin & Company                      TL                 CRISIL B       11.9    Upgraded from
                                                                                CRISIL D
Disari India Savings & Credit         CC                 CRISIL BB-     50      Reaffirmed
Corporation Ltd
Disari India Savings & Credit         Proposed LT Bk     CRISIL BB-     43.1    Reaffirmed
Corporation Ltd                       Loan Fac
Disari India Savings & Credit         TL                 CRISIL BB-     156.9   Reaffirmed
Corporation Ltd
DJPR Constructions Pvt Ltd            CC                 CRISIL BB-     50      Upgraded from
                                                                                CRISIL B+
Dolphin Nutraceuticals India Pvt Ltd  Proposed LT Bk     CRISIL B       200     Assigned
                                      Loan Fac
Juhu Beach Resorts Ltd                Overdraft Fac      CRISIL A       200     Downgraded
                                                                                from 
                                                                                CRISIL A+
Juhu Beach Resorts Ltd                TL                 CRISIL A       800     Downgraded
                                                                                from 
                                                                                CRISIL A+
L R N Finance Ltd                     Proposed LT Bk     CRISIL BB      100     Reaffirmed
                                      Loan Fac
L R N Finance Ltd                     NCDs               CRISIL BB      300     Reaffirmed
L R N Finance Ltd                     NCDs               CRISIL BB      300     Reaffirmed
L R N Finance Ltd                     NCDs               CRISIL BB      250     Reaffirmed
Mondal Construction Co. Ltd           CC                 CRISIL D       75      Suspended
Omega Designs                         TL                 CRISIL BB-     15      Reaffirmed
Padmavati Ferrous Ltd                 TL                 CRISIL BB      640     Suspended
Palmar Mills Pvt Ltd                  CC                 CRISIL BB      20      Upgraded from
                                                                                CRISIL BB-
Palmar Mills Pvt Ltd                  LT Loan            CRISIL BB      71.5    Upgraded from
                                                                                CRISIL BB-

Print Shop Pvt Ltd                    BG                 CRISIL D       5.7     Suspended
Print Shop Pvt Ltd                    CC                 CRISIL D       80      Suspended
Print Shop Pvt Ltd                    LOC                CRISIL D       15      Suspended
Print Shop Pvt Ltd                    LT Loan            CRISIL D       84.5    Suspended
RGVN (North East) Microfinance Ltd    LT Bk Fac          CRISIL BB      500     Reaffirmed
Ritco Logistics Pvt. Ltd              CC                 CRISIL BB+     350     Suspended
Ritco Logistics Pvt. Ltd              Proposed LT Bk     CRISIL BB+     50      Suspended
                                      Loan Fac
Ritco Logistics Pvt. Ltd              WC Demand Loan     CRISIL BB+     50      Suspended
Serendipity Buildtech Pvt Ltd         TL                 CRISIL BB+     264.5   Upgraded from
                                                                                CRISIL B+
Shanti Gopal Concast Ltd              CC                 CRISIL BB      60      Suspended
Shanti Gopal Concast Ltd              Proposed TL        CRISIL BB      13.2    Suspended
Shanti Gopal Concast Ltd              TL                 CRISIL BB      105.5   Suspended
Shekhawati Poly-Yarn Ltd              CC*                CRISIL BB+     120     Suspended
*Interchangeable with letter of credit to the extent of Rs.40.0 Million
Shekhawati Poly-Yarn Ltd              TL                 CRISIL BB+     125     Suspended
Sreema Mahila Samity                  CC                 CRISIL B+      272     Reaffirmed
Sreema Mahila Samity                  LT Bk Fac          CRISIL B+      6       Reaffirmed
TD Power Systems Ltd                  CC                 CRISIL A+      700     Reaffirmed
Tube Investments of India Ltd         CC*                CRISIL AA      4000    Reaffirmed
*Interchangeable with short-term buyer's credit, packing credit, and working capital demand
loan.
Uthan Educational Society             Overdraft Fac      CRISIL B+      30      Upgraded from
                                                                                CRISIL D
Uthan Educational Society             TL                 CRISIL B+      47.8    Upgraded from
                                                                                CRISIL D
Uthan Educational Society             Proposed TL        CRISIL B+      177.7   Upgraded from
                                                                                CRISIL D
--------------------------------------------------------------------------------------------
$: 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)