April 9, 2013 / 7:13 AM / 5 years ago

CRISIL ratings for Indian debt instruments-Apr 9

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


COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------       -----   ---------

SHORT TERM RATINGS:
-------------------
A S R Multimetals Pvt Ltd               BG                    CRISIL A3+   20      Upgraded from
                                                                                   CRISIL A3
A S R Multimetals Pvt Ltd               LOC                   CRISIL A3+   356.7   Upgraded from
                                                                                   CRISIL A3
Aniirudh Civil Engineers and            BG                    CRISIL A4    1       Assigned
Contractors Pvt Ltd
ASAP Fluids Pvt Ltd                     LOC & BG              CRISIL A4+   50      Suspended
Avinash Transport                       BG                    CRISIL A4    50      Reaffirmed
Cheema Boilers Ltd                      BG                    CRISIL A3    155     Downgraded
                                                                                   from CRISIL
                                                                                   A3+
Cheema Boilers Ltd                      LOC                   CRISIL A3    75      Downgraded
                                                                                   from CRISIL
                                                                                   A3+
Filter Manufacturing Industries         BG                    CRISIL A4+   30      Reaffirmed
Pvt Ltd
Filter Manufacturing Industries         LOC                   CRISIL A4+   10      Reaffirmed
Pvt Ltd
HHV Solar Technologies Pvt Ltd          BG*                   CRISIL A4    100     Upgraded from
                                                                                   CRISIL D
* Includes a sub-limit of Rs.50.00 Million of Letter of Credit
HHV Solar Technologies Pvt Ltd          LOC*                  CRISIL A4    100     Upgraded from
                                                                                   CRISIL D
* Includes a sub-limit of Rs.50.00 Million of Bank Guarantee
Jai Jagdish Ship Breakers Pvt Ltd       LOC                   CRISIL A4+   615     Reaffirmed
Kajaria Yarns & Twines Ltd              Bill Discounting      CRISIL A4+   75      Reaffirmed
Kajaria Yarns & Twines Ltd              Export Packing        CRISIL A4+   30      Reaffirmed
                                        Credit
Kajaria Yarns & Twines Ltd              LOC & BG              CRISIL A4+   25      Reaffirmed
Kommlabs Dezign Pvt Ltd                 BG                    CRISIL A4    30      Suspended
Mangal Industries Ltd                   Export Packing        CRISIL A2    140     Assigned
                                        Credit
Mangal Industries Ltd                   LOC                   CRISIL A2    82.5    Assigned
Mangal Industries Ltd                   LOC & BG              CRISIL A2    125     Assigned
Mangal Industries Ltd                   Packing Credit in     CRISIL A2    200     Assigned
                                        Foreign Currency
NHB Ball and Roller Ltd                 BG                    CRISIL A3    30      Assigned
NHB Ball and Roller Ltd                 LOC                   CRISIL A3    660     Assigned
Polyset Plastics Pvt Ltd                BG                    CRISIL A3+   10      Placed on
                                                                                   Notice of
                                                                                   Withdrawal
Polyset Plastics Pvt Ltd                LOC                   CRISIL A3+   10      Placed on
                                                                                   Notice of
                                                                                   Withdrawal
Powerica Ltd                            LOC                   CRISIL A1+   1050    Reaffirmed
Powerica Ltd                            BG                    CRISIL A1+   750     Reaffirmed
RCI Logistics Pvt Ltd                   BG                    CRISIL A4    20      Suspended
Sachdeva Steel Products Ship            LOC                   CRISIL A4+   180     Reaffirmed
Breakers
Scott-Edil Pharmacia Ltd                LOC                   CRISIL A3    120     Upgraded
                                                                                   from CRISIL
                                                                                   A4+
Sesa Goa Ltd                            ST Debt Including    CRISIL A1+   35000    Reaffirmed
                                        CP Programme
Sesa Goa Ltd                            BG                    CRISIL A1+   500     Reaffirmed
Sesa Goa Ltd                            Foreign Bill          CRISIL A1+   2500    Reaffirmed
                                        Discounting
Sesa Goa Ltd                            LOC                   CRISIL A1+   3070    Reaffirmed
Sesa Goa Ltd                            LOC and BG^           CRISIL A1+   2000    Reaffirmed
^Interchangeable with letter of undertaking
Sesa Goa Ltd                            Packing Credit in     CRISIL A1+   5000    Reaffirmed
                                        Foreign Currency
Shree Lalji Energy Foods Pvt Ltd        BG                    CRISIL A3    66.5    Upgraded
                                                                                   from CRISIL
                                                                                   A4+
Shree Lalji Energy Foods Pvt Ltd        Proposed ST Bk Loan   CRISIL A3    181.5   Upgraded
                                        Fac                                        from CRISIL
                                                                                   BB 
Sivanssh Infrastructure                 BG                    CRISIL A4+   290     Reaffirmed
Development Pvt Ltd
Shree Lalji Energy Foods Pvt Ltd        TL                    CRISIL BBB-  72      Upgraded
                                                                                   from CRISIL
                                                                                   A4+
Sree Lalitha Parameswari Spinning       Proposed ST Bk Loan   CRISIL A4+   2.2     Assigned
Mills Pvt Ltd                           Fac
Sree Lalitha Parameswari Spinning       Inland/Import LOC     CRISIL A4+   20      Assigned
Mills Pvt Ltd
Sree Lalitha Parameswari Spinning       BG                    CRISIL A4+   5.4     Assigned
Mills Pvt Ltd
Tenty Marketing Co Pvt Ltd              LOC                   CRISIL A4    25      Assigned
Terai Tea Co. Ltd                       BG                    CRISIL A3    6       Assigned
Terai Tea Co. Ltd                       Bill Purchase -       CRISIL A3    17      Assigned
                                        Discounting Fac
Trimex Industries Pvt Ltd               LOC & BG              CRISIL A4+   250     Upgraded
                                                                                   from CRISIL
                                                                                   A4

Tulsidas Trading Pvt Ltd                LOC                   CRISIL D     20      Downgraded
                                                                                   from CRISIL
                                                                                   A4
Ujala Pumps Pvt Ltd                     LOC                   CRISIL A4+   145     Upgraded
                                                                                   from CRISIL
                                                                                   D
Venkatesh Logistics Pvt Ltd             LOC                   CRISIL A4+   20      Suspended
Vishnu Steels                           LOC & BG              CRISIL A4    10      Assigned

LONG TERM RATINGS:
-------------------
A S R Multimetals Pvt Ltd               CC                    CRISIL BBB   500     Upgraded
                                                                                   from CRISIL
                                                                                   BBB-
A S R Multimetals Pvt Ltd               TL                    CRISIL BBB   142.5   Upgraded
                                                                                   from CRISIL
                                                                                   BBB-
Aadya Motor Car Company Pvt Ltd         CC                    CRISIL B+    310     Reaffirmed
Aadya Motor Car Company Pvt Ltd         Proposed LT Bk Loan   CRISIL B+    325.5   Reaffirmed
                                        Fac
Aadya Motor Car Company Pvt Ltd         TL                    CRISIL B+    342.5   Reaffirmed
Aniirudh Civil Engineers and            TL                    CRISIL B-    19      Assigned
Contractors Pvt Ltd
Aniirudh Civil Engineers and            CC                    CRISIL B-    30      Assigned
Contractors Pvt Ltd
ASAP Fluids Pvt Ltd                     CC                    CRISIL BB    25      Suspended
ASAP Fluids Pvt Ltd                     LT Loan               CRISIL BB    9       Suspended
ASAP Fluids Pvt Ltd                     Proposed LT Bk Loan   CRISIL BB    26      Suspended
                                        Fac
Auto Forgings                           CC                    CRISIL B+    42.5    Suspended
Auto Forgings                           LT Loan               CRISIL B+    9.9     Suspended
Avinash Transport                       CC                    CRISIL B+    25      Reaffirmed
Avinash Transport                       Proposed LT Bk Loan   CRISIL B+    70      Reaffirmed
                                        Fac
Bajla Motors Pvt Ltd                    CC*                   CRISIL B     95      Reaffirmed
*includes Inventory funding of Rs.55 million
Cheema Boilers Ltd                      CC                    CRISIL BBB-  258     Downgraded
                                                                                   from CRISIL
                                                                                   BBB
Cheema Boilers Ltd                      TL                    CRISIL BBB-  40.4    Downgraded
                                                                                   from CRISIL
                                                                                   BBB
Cheema Boilers Ltd                      Proposed LT Bk Loan   CRISIL BBB-  124.5   Downgraded
                                        Fac                                        from CRISIL
                                                                                   BBB
Comet Granito Pvt Ltd                   Proposed LT Bk Loan   CRISIL D     85      Reaffirmed
                                        Fac
Comet Granito Pvt Ltd                   CC                    CRISIL D     180     Reaffirmed
Comet Granito Pvt Ltd                   Rupee TL              CRISIL D     250     Reaffirmed
Data Sons                               CC                    CRISIL BB    90      Reaffirmed
Deluxe Cold Storage and Food            CC                    CRISIL BB+   650     Suspended
Processors Ltd
Eastern Alloys Pvt Ltd                  BG                    CRISIL D     0.4     Suspended
Eastern Alloys Pvt Ltd                  CC                    CRISIL D     85      Suspended
Eastern Alloys Pvt Ltd                  LOC                   CRISIL D     1.6     Suspended
Eastern Alloys Pvt Ltd                  Proposed LT Bk Loan   CRISIL D     8       Suspended
                                        Fac
Eastern Alloys Pvt Ltd                  TL                    CRISIL D     5       Suspended
Filter Manufacturing Industries         CC                    CRISIL BB-   35      Reaffirmed
Pvt Ltd
Filter Manufacturing Industries         Proposed LT Bk Loan   CRISIL BB-   18      Reaffirmed
Pvt Ltd                                 Fac
Filter Manufacturing Industries         Standby Line of       CRISIL BB-   3       Reaffirmed
Pvt Ltd                                 Credit
HHV Solar Technologies Pvt Ltd          CC                    CRISIL B-    200     Upgraded 
                                                                                   from
                                                                                   CRISIL D
HHV Solar Technologies Pvt Ltd          Proposed LT Bk Loan   CRISIL B-    91.5    Upgraded
                                                                                   from
                                        Fac                                        CRISIL D
HHV Solar Technologies Pvt Ltd          TL                    CRISIL B-    127     Upgraded 
                                                                                   from
                                                                                   CRISIL D
IFMR Capital MOSEC XIV                  Series A1 PTCs*       CRISIL AA-   -       Upgraded
                                                              SO                   from 
                                                                                   CRISIL
                                                                                   A-(SO)
*Series A1 PTCs are entitled to receive interest on fortnightly basis. 
There is an expected schedule for principal repayments for Series A1 PTCs; 
however, the structure allows for principal payments to be made by maturity
date of the PTCs (ultimate payment structure).
IFMR Capital MOSEC XIV                  Series A2 PTCs*       CRISIL BBB-  -       Upgraded 
                                                              SO                   from
                                                                                   CRISIL
                                                                                   BB-(SO)
*Series A1 PTCs are entitled to receive interest on fortnightly basis.
 There is an expected schedule for principal repayments for Series A1 PTCs;
 however, the structure allows for principal payments to be made by maturity
 date of the PTCs (ultimate payment structure).
Jai Jagdish Ship Breakers Pvt Ltd       CC                    CRISIL BB    70      Reaffirmed
JPC Infra Pvt Ltd                       TL                    CRISIL BB    164     Assigned
Kirti Foods Ltd                         CC                    CRISIL BB-   200     Reaffirmed
Kolli Ramaiah Educational Society       LT Loan               CRISIL D     60      Downgraded
                                                                                   from CRISIL
                                                                                   BB-
Kolli Ramaiah Educational Society       Overdraft Fac         CRISIL D     5       Downgraded
                                                                                   from CRISIL
                                                                                   BB-
Kommlabs Dezign Pvt Ltd                 CC^                   CRISIL B     20      Suspended
^ Includes interchangeability of Rs.5.0 Million with BankGuarantee facility & vice versa
Kommlabs Dezign Pvt Ltd                 LT Loan               CRISIL B     7.2     Suspended
Mangal Industries Ltd                   CC                    CRISIL BBB+  245     Assigned
Mangal Industries Ltd                   LT Loan               CRISIL BBB+  447.6   Assigned
Nandini Fitness Pvt Ltd                 TL                    CRISIL D     70      Assigned
NHB Ball and Roller Ltd                 CC                    CRISIL BBB-  400     Assigned
NHB Ball and Roller Ltd                 TL                    CRISIL BBB-  213.8*  Assigned
* Includes External Commercial Borrowing of USD 3.5 Million
Panacea Hospitals Pvt Ltd               CC                    CRISIL D     25      Assigned
Panacea Hospitals Pvt Ltd               TL                    CRISIL D     45      Assigned
Polyset Plastics Pvt Ltd                CC                    CRISIL BBB   100     Placed on
                                                                                   Notice of
                                                                                   Withdrawal
Polyset Plastics Pvt Ltd                Proposed LT Bk Loan   CRISIL BBB   27.5    Placed on
                                        Fac                                        Notice of
                                                                                   Withdrawal
Powerica Ltd                            CC                    CRISIL AA    200     Reaffirmed
Powerica Ltd                            Proposed LT Bk Loan   CRISIL AA    1500    Reaffirmed
                                        Fac
Raghu Prime Metal Ltd                   CC                    CRISIL D     135     Suspended
Raghu Prime Metal Ltd                   TL                    CRISIL D     50      Suspended
RCI Logistics Pvt Ltd                   CC                    CRISIL B     20      Suspended
RCI Logistics Pvt Ltd                   WC Demand Loan        CRISIL B     180     Suspended
Sachdeva Steel Products Ship            CC                    CRISIL BB    20      Reaffirmed
Breakers
Scott-Edil Pharmacia Ltd                CC                    CRISIL BBB-  400     Upgraded
                                                                                   from CRISIL
                                                                                   BB
Scott-Edil Pharmacia Ltd                LOC                   CRISIL BBB-  30*     Upgraded
                                                                                   from CRISIL
                                                                                   BB
*Interchangeable with bank guarantee to the extent of Rs.30 Million
Scott-Edil Pharmacia Ltd                TL                    CRISIL BBB-  13      Upgraded
                                                                                   from CRISIL
                                                                                   BB 
Scott-Edil Pharmacia Ltd                Proposed LT Bk Loan   CRISIL BBB-  15.5    Upgraded
                                        Fac                                        from CRISIL
                                                                                   BB 
Sesa Goa Ltd                            NCDs                  CRISIL AA+ # 1000    
Sesa Goa Ltd                            CC                    CRISIL AA+ # 130     
Sesa Goa Ltd                            LOC*                  CRISIL AA+ #  1000    
*Facility contracted for capital expenditure
Shree Lalji Energy Foods Pvt Ltd        CC                    CRISIL BBB-  180     Upgraded
                                                                                   from CRISIL
                                                                                   BB
Shriram Transport Finance Company       Series A1 PTCs        CRISIL AAA S1770.7   Assigned
Ltds
Shriram Transport Finance Company       Series A2 PTCs        CRISIL AAA   93.2    Assigned
Ltds                                                         SO*
*Rating on Series A2 PTCs covers only the principal payments and not the interest
Shriram Transport Finance Company       Second loss Fac      CRISIL BBB (SO)105.4   Assigned
Ltds
Sivanssh Infrastructure                 CC                    CRISIL BB    35      Upgraded
Development Pvt Ltd                                                                from CRISIL
                                                                                   BB-
Sivanssh Infrastructure                 Proposed LT Bk Loan   CRISIL BB    17.5    Upgraded
Development Pvt Ltd                     Fac                                        from CRISIL
                                                                                   BB-
Sree Lalitha Parameswari Spinning       LT Loan               CRISIL BB-   262.4   Assigned
Mills Pvt Ltd
Sree Lalitha Parameswari Spinning       CC                    CRISIL BB-   150     Assigned
Mills Pvt Ltd
Sri Surya Ginning and Pressing          CC                    CRISIL D     50      Reaffirmed
Industries
Sri Surya Ginning and Pressing          LT Loan               CRISIL D     25      Reaffirmed
Industries
Sumit Cotton Industry                   CC                    CRISIL B+    180     Reaffirmed
Sumit Cotton Industry                   TL                    CRISIL B+    2.5     Reaffirmed
Supreme Coated Board Mills Pvt Ltd      CC                    CRISIL D     225.4   Downgraded
                                                                                   from CRISIL
                                                                                   BB+
Supreme Coated Board Mills Pvt Ltd      LT Loan               CRISIL D     85      Downgraded
                                                                                   from CRISIL
                                                                                   BB+
Tenty Marketing Co Pvt Ltd              CC                    CRISIL B-    80      Assigned
Terai Tea Co. Ltd                       CC                    CRISIL BBB-  152.6   Assigned
Terai Tea Co. Ltd                       TL                    CRISIL BBB-  49      Assigned
Trimex Industries Pvt Ltd               CC                    CRISIL BB-   300*    Upgraded
                                                                                   from CRISIL
                                                                                   B+
*Rs.180 million interchangeable with export packing credit
Trimex Industries Pvt Ltd               LT Loan               CRISIL BB-   69.8    Upgraded
                                                                                   from CRISIL
                                                                                   B+
Trimex Industries Pvt Ltd               Proposed LT Bk Loan   CRISIL BB-   422.2   Upgraded
                                        Fac                                        from CRISIL
                                                                                   B+
Trimex Industries Pvt Ltd               WC TL                 CRISIL BB-   262     Upgraded
                                                                                   from CRISIL
                                                                                   B+
Tulsidas Trading Pvt Ltd                CC                    CRISIL D     100     Downgraded
                                                                                   from CRISIL
                                                                                   B+
Ujala Pumps Pvt Ltd                     CC                    CRISIL BB-   285     Upgraded
                                                                                   from CRISIL
                                                                                   D
Ujala Pumps Pvt Ltd                     Proposed CC Limit     CRISIL BB-   45      Upgraded
                                                                                   from CRISIL
                                                                                   D
Ujala Pumps Pvt Ltd                     Rupee TL              CRISIL BB-   75      Upgraded
                                                                                   from CRISIL
                                                                                   D
V.S.Lad and Sons                        Packing Credit        CRISIL D     450     Suspended
Venkatesh Logistics Pvt Ltd             CC*                   CRISIL BB    280     Suspended
*Includes proposed facility of Rs.18.5 Million
Venkatesh Logistics Pvt Ltd             TL                    CRISIL BB    50      Suspended
Vishnu Steels                           CC                    CRISIL B+    190     Reaffirmed
Vishnu Steels                           LT Loan               CRISIL B+    44.5    Reaffirmed
Vix Enterprises                         CC                    CRISIL BB    50      Assigned
Vix Enterprises                         Proposed LT Bk Loan   CRISIL BB    100     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; NCDSO -
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

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