April 5, 2012 / 5:37 AM / 5 years ago

CRISIL ratings for Indian debt instruments-Apr 5

Apr 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 4, 2012.	
	
	
COMPANY                       INSTRUMENT              RATING            AMOUNT   MOVEMENT	
                                                                        RS.MLN)	
------                        ----------              ------            ------   ---------	
SHORT TERM RATINGS:	
-------------------	
Broadcast Engineering         Proposed ST Bk Loan    CRISIL A2               750  Assigned	
Consultants India Ltd         Facility	
Broadcast Engineering         BG                     CRISIL A2               250  Assigned	
Consultants India Ltd	
Broadcast Engineering         LOC                    CRISIL A2               750  Assigned	
Consultants India Ltd	
Carpet International          Foreign Bill Purchase  CRISIL A3                50  Suspended  	
Carpet International          Packing Credit         CRISIL A3                150  Suspended  	
Excel Industries Ltd          Inland Guarantees      CRISIL A2+               35  Upgraded
                                                                                  from	
                                                                                  CRISIL A2	
Excel Industries Ltd          Inland/Import LOC      CRISIL A2+              355  Upgraded
                                                                                  from	
                                                                                  CRISIL A2	
Kitchen Grace (I) Pvt Ltd     LOC                    CRISIL A4                10  Reaffirmed	
Kitchen Grace (I) Pvt Ltd     BG                     CRISIL A4                 5  Reaffirmed	
M S Metals And Steels Pvt     BG                     CRISIL A3               220  Suspended	
Ltd	
Manugraph India Ltd           LOC                    CRISIL A1+              350  Reaffirmed	
Manugraph India Ltd           BG                     CRISIL A1+              350  Reaffirmed	
Palak Jewellers Pvt Ltd       BG*                    CRISIL A3               150  Upgraded
                                                                                  from	
                                                                                  CRISIL A4+	
* issued in favour of HDFC Bank & Union Bank to obtain Gold Loan.
 (HDFC Bank - Rs. 89.0 Million and Union Bank - Rs. 61.0 Million)	
Pradip Overseas Ltd           Foreign Bill Purchase  CRISIL A4+            808.5  Suspended	
Pradip Overseas Ltd           LOC                    CRISIL A4+             1650  Suspended	
Pradip Overseas Ltd           Packing Credit         CRISIL A4+              160  Suspended	
Pritika Autocast Pvt Ltd      BG                     CRISIL A4+                3  Upgraded
                                                                                  from	
                                                                                  CRISIL A4	
Pritika Autocast Pvt Ltd      LOC                    CRISIL A4+               10  Upgraded 	
                                                                                  from	
                                                                                  CRISIL A4	
Quebec Petroleum Resources    LOC                    CRISIL A3                10  Assigned	
Ltd	
Rubicon Inspection Systems    BG                     CRISIL A4                20  Assigned	
Pvt Ltd	
Shri Ramana Heavy             BG                     CRISIL A4              17.5  Assigned	
Engineering Pvt Ltd	
Shri Ramana Heavy             LOC                    CRISIL A4                20  Assigned	
Engineering Pvt Ltd	
Sonali Autos Pvt Ltd          BG                     CRISIL A4+               20  Assigned	
Sree Lakshmi Agencies         LOC                    CRISIL A4+               60  Assigned	
Texport Industries Pvt Ltd    BG                     CRISIL A4+               29  Suspended	
Texport Industries Pvt Ltd    Bill                   CRISIL A4+            552.4  Suspended	
                              Purchase-Discounting	
                              Facility	
Texport Industries Pvt Ltd    LOC                    CRISIL A4+            229.5  Suspended	
Texport Industries Pvt Ltd    Packing Credit         CRISIL A4+            675.2  Suspended	
Time Technoplast Ltd          LOC & BG               CRISIL A1+             1800  Reaffirmed	
Vimal Oil And Foods Ltd       LOC                    CRISIL A4+              500  Suspended	
	
LONG TERM RATINGS:	
-------------------	
A. S. Carriers Pvt Ltd        Long-TL                CRISIL D             1146.7  Downgraded
                                                                                  from	
                                                                                  CRISIL B+	
A. S. Carriers Pvt Ltd        Proposed TL            CRISIL D              554.8  Downgraded
                                                                                  from	
                                                                                  CRISIL B+	
Bajaj Steels And Industries   CC                     CRISIL B+               100  Assigned	
Ltd	
Bajaj Steels And Industries   Proposed LT Bk Loan    CRISIL B+                30  Assigned	
Ltd                           Facility	
Broadcast Engineering         Overdraft Facility     CRISIL BBB+             175  Assigned	
Consultants India Ltd	
Dedicated Freight Corridor    Corporate Credit       CCR AAA                      Reaffirmed	
Corporation Of India Ltd      Rating	
Excel Industries Ltd          CC#                    CRISIL A-               450  Upgraded 
                                                                                  from	
                                                                                  CRISIL BBB+	
# Interchangeable with export packing credit, foreign bills discounting, 
and inland bills discounting	
Excel Industries Ltd          Proposed LT Bk Loan    CRISIL A-               150  Upgraded 
                              Facility                                            from	
                                                                                 CRISIL BBB+	
Excel Industries Ltd          WC Demand Loan         CRISIL A-               100  Upgraded 
                                                                                  from	
                                                                                 CRISIL BBB+	
Gayatri Jhansi Roadways Ltd   TL                     CRISIL BB+(SO)         3410  Downgraded
                                                                                  from	
                                                                                 CRISIL A-(SO)	
Gayatri Lalitpur Roadways     TL                     CRISIL BBB-(SO)        2520  Downgraded
Ltd                                                                               from	
                                                                                 CRISIL A-(SO)	
Greatech Telecom              BG                     CRISIL D                 10  Downgraded
                                                                                  from	
Technologies Pvt Ltd                                                              CRISIL B-	
Greatech Telecom              CC                     CRISIL D                 30  Downgraded
                                                                                  from	
Technologies Pvt Ltd                                                              CRISIL B-	
Greatech Telecom              LOC                    CRISIL D                 60  Downgraded
                                                                                  from	
Technologies Pvt Ltd                                                              CRISIL B-	
Greatech Telecom              Proposed LT Bk Loan    CRISIL D               44.1  Downgraded
                                                                                  from	
Technologies Pvt Ltd          Facility                                            CRISIL B-	
Greatech Telecom              TL                     CRISIL D               35.9  Downgraded
                                                                                  from	
Technologies Pvt Ltd                                                              CRISIL B-	
Hyderabad Expressways Ltd     TL                     CRISIL BB+             2900  Reaffirmed	
Juhu Beach Resorts Ltd        Overdraft Facility     CRISIL A+              200*  Reaffirmed	
*Interchangeable with CC upto Rs.30 Million	
Juhu Beach Resorts Ltd        TL                     CRISIL A+               750  Reaffirmed	
Kitchen Grace (I) Pvt Ltd     CC                     CRISIL B+                15  Reaffirmed	
Kitchen Grace (I) Pvt Ltd     TL                     CRISIL B+                61  Reaffirmed	
Kitchen Grace (I) Pvt Ltd     Proposed LT Bk Loan    CRISIL B+              21.5  Reaffirmed	
                              Facility	
M S Metals And Steels Pvt     CC                     CRISIL BBB              100  Suspended	
Ltd	
Manugraph India Ltd           Standby LOC            CRISIL A+               250  Reaffirmed	
Manugraph India Ltd           Proposed LT Bk Loan    CRISIL A+               188  Reaffirmed	
                              Facility	
Manugraph India Ltd           FCNR (B) LT Loan       CRISIL A+               480  Reaffirmed	
Manugraph India Ltd           CC                     CRISIL A+               350  Reaffirmed	
Numeric Power Systems Ltd     CC                     CRISIL A+@              235     
Numeric Power Systems Ltd     LOC & BG               CRISIL A1+@            1095   
Palak Jewellers Pvt Ltd       CC                     CRISIL BBB-              50  Upgraded 
                                                                                  from	
                                                                                  CRISIL BB+	
Pradip Overseas Ltd           CC                     CRISIL BB            2381.5  Suspended	
Pradip Overseas Ltd           Proposed LT Bk Loan    CRISIL BB              32.4  Suspended	
                              Facility	
Pradip Overseas Ltd           TL                     CRISIL BB             772.8  Suspended	
Pritika Autocast Pvt Ltd      CC                     CRISIL BB-              120  Upgraded 
                                                                                  from	
                                                                                  CRISIL B+ 	
Pritika Autocast Pvt Ltd      TL                     CRISIL BB-             79.1  Upgraded 
                                                                                  from	
                                                                                  CRISIL B+	
Quebec Petroleum Resources    TL                     CRISIL BBB-              20  Assigned	
Ltd	
Quebec Petroleum Resources    CC                     CRISIL BBB-           237.5  Assigned	
Ltd	
Rubicon Inspection Systems    TL                     CRISIL B                 20  Assigned	
Pvt Ltd	
Rubicon Inspection Systems    CC                     CRISIL B                 30  Assigned	
Pvt Ltd	
Shri Ramana Heavy             CC                     CRISIL B               47.5  Assigned	
Engineering Pvt Ltd	
Sonali Autos Pvt Ltd          CC                     CRISIL BB-              325  Reaffirmed	
Sonali Autos Pvt Ltd          Proposed LT Bk Loan    CRISIL BB-               55  Reaffirmed	
                              Facility	
Sree Lakshmi Agencies         CC                     CRISIL BB-               30  Assigned	
Texport Industries Pvt Ltd    Long-TL                CRISIL BB+            252.2  Suspended	
Texport Industries Pvt Ltd    Proposed LT Bk Loan    CRISIL BB+             57.9  Suspended	
                              Facility	
Time Technoplast Ltd          CC                     CRISIL AA-             2200  Reaffirmed	
Time Technoplast Ltd          Proposed LT Bk Loan    CRISIL AA-              300  Reaffirmed	
                              Facility	
Time Technoplast Ltd          Rupee TL               CRISIL AA-             2500  Reaffirmed	
Vimal Oil And Foods Ltd       CC                     CRISIL BB+              285  Suspended	
Vimal Oil And Foods Ltd       Long-TL                CRISIL BB+               19  Suspended	
--------------------------------------------------------------------------------------------	
$: 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, E-mail at rru.data@reuters.com)

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