June 20, 2013 / 6:08 AM / 4 years ago

CRISIL ratings for Indian debt instruments-Jun 20

Jun 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 19, 2013.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Colourshop Trading Company Pvt Ltd    Proposed ST Bk     CRISIL A4+     1000    Assigned
                                      Loan Fac
Commander Vitrified Pvt Ltd           LOC & BG           CRISIL A4+     25      Assigned
Glittek Granites Ltd                  Proposed Packing   CRISIL A4      25.8    Assigned
                                      Credit
Glittek Granites Ltd                  LOC                CRISIL A4      20      Assigned
Glittek Granites Ltd                  BG                 CRISIL A4      1.5     Assigned
Glittek Granites Ltd                  Bill Discounting   CRISIL A4      70      Assigned
Glittek Granites Ltd                  Proposed ST Bk     CRISIL A4      4.2     Assigned
                                      Loan Fac
Glittek Granites Ltd                  Standby Export     CRISIL A4      10      Assigned
                                      Packing Credit
Glittek Granites Ltd                  Packing Credit     CRISIL A4      70      Assigned
Kej Minerals Pvt Ltd                  BG                 CRISIL A4      1.5     Assigned
Kunal Structure (India) Pvt Ltd       BG                 CRISIL A2      1990*   Reaffirmed
*Includes a sub limit of Rs.300 Million for Letter of Credit
Laxai - Avanti Life - Sciences Pvt LtdBG                 CRISIL A4      2.5     Upgraded from
                                                                                CRISIL D
Laxai - Avanti Life - Sciences Pvt LtdLOC                CRISIL A4      3       Upgraded from
                                                                                CRISIL D
Leighton Welspun Contractors Pvt Ltd  BG                 CRISIL A1      6200    Reaffirmed
Leighton Welspun Contractors Pvt Ltd  Proposed Non-FB    CRISIL A1      16630   Reaffirmed
                                      limits
Mahesh Industries Pvt Ltd             Foreign LOC        CRISIL A3      600     Reaffirmed
Mahesh Timber Pvt Ltd                 Standby LOC        CRISIL A3      1620    Reaffirmed
Mahesh Timber Pvt Ltd                 Proposed ST Bk     CRISIL A3      200     Reaffirmed
                                      Loan Fac
Mohan Fibre Products Ltd              LOC                CRISIL A2      5       Reaffirmed
Motilal Oswal Securities Ltd          BG Fac             CRISIL A1+     750     Reaffirmed
Prijai Heat Exchangers Pvt Ltd        LOC                CRISIL A4+     75      Reaffirmed
Priya Exim Pvt Ltd                    Proposed ST Bk     CRISIL A4+     1000    Assigned
                                      Loan Fac
Sadashiva Sugars Ltd                  ST Debt Programme  CRISIL A1+     500     Assigned
Saket Promoters Ltd                   Proposed ST Bk     CRISIL A4      150     Assigned
                                      Loan Fac
Vallabhji Malsi & Co                  LOC & BG           CRISIL A2      100     Reaffirmed

LONG TERM RATINGS:
-------------------
A-1 Heights & Hospitality Pvt Ltd     Proposed LT Bk     CRISIL B       8.5     Assigned
                                      Loan Fac
A-1 Heights & Hospitality Pvt Ltd     TL                 CRISIL B       91.5    Assigned
Attero Recycling Pvt Ltd              WC Demand Loan     CRISIL BB-     36      Assigned
Attero Recycling Pvt Ltd              CC                 CRISIL BB-     130     Assigned
Attero Recycling Pvt Ltd              Overdraft Fac      CRISIL BB-     24.2    Assigned
Backbone MNMP Highway Pvt Ltd         TL                 CRISIL BBB     670.6   Assigned
Bunge India Pvt Ltd                   CC*                CRISIL A       2628.3  Watch with
                                                                                Developing
                                                                                Implications
*Interchangeable with letter of credit, bank guarantee, pre-export advance, post-shipment
credit, overdraft, and other short-term facilities
Colourshop Trading Company Pvt Ltd    Proposed LT Bk     CRISIL BB-     500     Assigned
                                      Loan Fac
Commander Vitrified Pvt Ltd           TL                 CRISIL BB      222.5   Assigned
Commander Vitrified Pvt Ltd           Proposed LT Bk     CRISIL BB      7.5     Assigned
                                      Loan Fac
Commander Vitrified Pvt Ltd           CC                 CRISIL BB      95      Assigned
Dasmesh Mechanical Works Pvt Ltd      TL                 CRISIL D       14.5    Assigned
Dasmesh Mechanical Works Pvt Ltd      CC                 CRISIL D       70      Assigned
Dasmesh Mechanical Works Pvt Ltd      LOC                CRISIL D       2.5     Assigned
Eastern Gourmet Pvt Ltd               CC                 CRISIL B       15.7    Assigned
Eastern Gourmet Pvt Ltd               TL                 CRISIL B       59      Assigned
Gee Cee Hydro Power Pvt Ltd           TL                 CRISIL B+      239     Assigned
Gee Cee Hydro Power Pvt Ltd           WC Fac             CRISIL B+      7.9     Assigned
Kej Minerals Pvt Ltd                  TL                 CRISIL B+      25.9    Assigned
Kej Minerals Pvt Ltd                  Proposed CC Limit  CRISIL B+      39.1    Assigned
Kej Minerals Pvt Ltd                  CC                 CRISIL B+      26      Assigned
Kunal Structure (India) Pvt Ltd       CC                 CRISIL BBB+    680     Reaffirmed
Laxai - Avanti Life - Sciences Pvt LtdCC                 CRISIL B-      25*     Upgraded from
                                                                                CRISIL D
*Includes sub limit of Rs.15.00 Million for export packing credit
Laxai - Avanti Life - Sciences Pvt LtdProposed LT Bk     CRISIL B-      6.2     Upgraded from
                                      Loan Fac                                  CRISIL D
Laxai - Avanti Life - Sciences Pvt LtdLT Loan            CRISIL B-      7       Upgraded from
                                                                                CRISIL D
Leighton Welspun Contractors Pvt Ltd  BG*                CRISIL A+      1514    Reaffirmed
*Interchangeable with the following facilities subject to fund-based facility sub-limits of
Rs.0.3 Billion: 1) financial guarantee/standby letter of credit of Rs.0.27 Billion 2)Short-term
Loan of Rs.0.20 Billion 3) Overdraft of Rs.0.30 Billion
    
Leighton Welspun Contractors Pvt Ltd  BG**               CRISIL A+      3109    Reaffirmed
**Interchangeable with the following facilities subject to fund-based facility sub-limits of
Rs.0.3 Billion: 1) Short-term Loan of Rs.0.20 Billion 2) Overdraft of Rs.0.30 Billion
    
Leighton Welspun Contractors Pvt Ltd  BG***              CRISIL A+      1100    Reaffirmed
***This is a working capital facility, which is interchangeable with the following facilities
subject to sub limits of: 1) Bank guarantee of Rs.1.10 Billion 2) Open-ended guarantee of
Rs.0.65 Billion 3) Working capital loan of Rs.1.10 Billion with an overdraft sublimit of Rs.0.05
Billion 4) Import documentary credit of Rs.1.10 Billion 5) Import deferred payment credit and
buyer's credit of Rs.1.10 Billion
    
Leighton Welspun Contractors Pvt Ltd  BG                 CRISIL A+      4000    Reaffirmed
Leighton Welspun Contractors Pvt Ltd  CC#                CRISIL A+      300     Reaffirmed
#Interchangeable with bank guarantee
Leighton Welspun Contractors Pvt Ltd  Overdraft Fac^     CRISIL A+      250     Reaffirmed
^Interchangeable with non-fund-based facilities
Leighton Welspun Contractors Pvt Ltd  Proposed LT Bk     CRISIL A+      977     Reaffirmed
                                      Loan Fac
Leighton Welspun Contractors Pvt Ltd  TL                 CRISIL A+      920     Reaffirmed
Mahesh Industries Pvt Ltd             CC                 CRISIL BBB-    120     Reaffirmed
Mahesh Timber Pvt Ltd                 CC                 CRISIL BBB-    400     Reaffirmed
Mahesh Timber Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    200     Reaffirmed
                                      loan Fac
Metcast Metals Pvt Ltd                TL                 CRISIL D       60      Assigned
Metcast Metals Pvt Ltd                CC                 CRISIL D       15      Assigned
Metcast Metals Pvt Ltd                LOC                CRISIL D       15      Assigned
Mohan Fibre Products Ltd              CC                 CRISIL BBB+    80      Reaffirmed
Mohan Fibre Products Ltd              TL                 CRISIL BBB+    77.5    Reaffirmed
Mohan Fibre Products Ltd              Proposed LT Bk     CRISIL BBB+    7.5     Reaffirmed
                                      Loan Fac
Paghadi Associates                    Proposed LT Bk     CRISIL BB-     47.5    Assigned
                                      Loan Fac
Paghadi Associates                    TL                 CRISIL BB-     100     Assigned
Prijai Heat Exchangers Pvt Ltd        CC                 CRISIL BB-     175     Reaffirmed
Prijai Heat Exchangers Pvt Ltd        LT Loan            CRISIL BB-     100     Reaffirmed
Priya Exim Pvt Ltd                    Proposed LT Bk     CRISIL BB-     500     Assigned
                                      Loan Fac
Saket Promoters Ltd                   Proposed LT Bk     CRISIL B+      450     Assigned
                                      Loan Fac
Sri Ganesh Exime                      CC                 CRISIL BB-     80      Upgraded from
                                                                                CRISIL B+
Sri Ganesh Exime                      Standby Line of    CRISIL BB-     5       Upgraded from
                                      Credit                                    CRISIL B+
Steril- Gene Life Sciences (P) Ltd    LT Loan            CRISIL D       200     Assigned
Steril- Gene Life Sciences (P) Ltd    CC                 CRISIL D       50      Assigned
Steril- Gene Life Sciences (P) Ltd    Foreign Currency TLCRISIL D       110     Assigned
Super Plastic Coats Pvt Ltd           Overdraft Fac      CRISIL BBB-    100     Assigned
Super Plastic Coats Pvt Ltd           Proposed LT Bk     CRISIL BBB-    100     Assigned
                                      Loan Fac
Vallabhji Malsi & Co                  CC*                CRISIL BBB+    100     Reaffirmed
* Includes sub-limit of Rs.80.0 Million of Stand by Letter of Credit/Bank Guarantee.
Vallabhji Malsi & Co                  Gold Loan          CRISIL BBB+    100     Reaffirmed
Vallabhji Malsi & Co                  Packing Credit     CRISIL BBB+    100     Reaffirmed
Vallabhji Malsi & Co                  Proposed LT Bk     CRISIL BBB+    100     Reaffirmed
                                      Loan Fac
Yenepoya Institute of Medical SciencesCC                 CRISIL BB      15      Assigned
and Research Pvt Ltd
Yenepoya Institute of Medical SciencesTL                 CRISIL BB      75      Assigned
and Research Pvt Ltd
--------------------------------------------------------------------------------------------
$: 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)

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