March 7, 2014 / 5:13 AM / 3 years ago

CRISIL ratings for Indian debt instruments-Mar 7

Mar 7 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 6, 2014.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alpha Design Technologies Pvt Ltd     BG                 CRISIL A4      201.4   Assigned
Amore Jewels Pvt Ltd                  Packing Credit     CRISIL A4+     240     Reaffirmed
Amore Jewels Pvt Ltd                  Standby LOC        CRISIL A4+     110     Reaffirmed
Avyaan Ornaments Pvt Ltd              Export Packing     CRISIL A4      1000    Assigned
                                      Credit*
* Includes the sublimit for Packing Credit of Rs.400.0 Million
Black Jack India Ltd                  Foreign            CRISIL A4+     40      Reaffirmed
                                      Documentary Bills
                                      Purchase
Black Jack India Ltd                  Foreign Exchange   CRISIL A4+     120     Reaffirmed
                                      Forward
Black Jack India Ltd                  Packing Credit     CRISIL A4+     25      Reaffirmed
Deccan Tobacco Exports Pvt Ltd        Packing Credit#*^@ CRISIL A2      1000    Reaffirmed
^includes sublimit for clean overdraft up to Rs.25.0 Million @includes sublimit for foreign bill
purchase (FBP)/foreign bills negotiable (FBN) up to Rs.300.0 Million # Fully interchangeable
with letter of comfort *Includes sub-limit of clean overdraft of Rs.25.0 Million and Foreign
Bill Purchase (FBP)/Foreign Bills Negotiable (FBN) of Rs.300.0 Million
Dee Vee Projects Ltd                  BG                 CRISIL A3      450     Reaffirmed
Faizan Shoes Pvt Ltd                  Bill Discounting   CRISIL A4+     45      Reaffirmed
Faizan Shoes Pvt Ltd                  Bill Discounting   CRISIL A4+     60      Reaffirmed
                                      under LOC
Faizan Shoes Pvt Ltd                  Inland/Import LOC  CRISIL A4+     60      Reaffirmed
Faizan Shoes Pvt Ltd                  Packing Credit     CRISIL A4+     40      Reaffirmed
Faizan Shoes Pvt Ltd                  Proposed ST Bk     CRISIL A4+     32      Reaffirmed
                                      Loan Fac
Faizan Shoes Pvt Ltd                  Standby Line of    CRISIL A4+     20      Reaffirmed
                                      Credit
Famina Knits Ltd                      Packing Credit     CRISIL A4      30      Assigned
Famina Knits Ltd                      Bill Negotiation   CRISIL A4      50      Assigned
Filter Manufacturing Industries Pvt.  BG                 CRISIL A4      30      Downgraded
Ltd.                                                                            from CRISIL
                                                                                A4+
Filter Manufacturing Industries Pvt.  LOC                CRISIL A4      10      Downgraded
Ltd.                                                                            from CRISIL
                                                                                A4+
Globus Industries and Services Ltd    Foreign LOC        CRISIL A4      180     Upgraded from
                                                                                CRISIL D
J Korin Spinning Pvt Ltd              BG                 CRISIL A4+     9.5     Reaffirmed
J Korin Spinning Pvt Ltd              Standby Line of    CRISIL A4+     7       Reaffirmed
                                      Credit
Jindal Fibres Ltd                     LOC                CRISIL A4      30      Reaffirmed
JVR Forgings Ltd                      LOC                CRISIL D       250     Downgraded
                                                                                from CRISIL
                                                                                A4+
K. P. Automotives Pvt Ltd             BG                 CRISIL A4+     10.5    Reaffirmed
K. P. Automotives Pvt Ltd             LOC                CRISIL A4+     30      Reaffirmed
KRM Tyres                             BG                 CRISIL A4      2       Reaffirmed
KRM Tyres                             LOC                CRISIL A4      130.7   Reaffirmed
LGW Ltd                               BG                 CRISIL A4      15      Reaffirmed
LGW Ltd                               LOC                CRISIL A4      15      Reaffirmed
Metro Ceramics                        BG                 CRISIL A4+     11      Upgraded from
                                                                                CRISIL A4
Nui Pulp & Paper Industries Pvt Ltd   Packing Credit     CRISIL A4      110     Reaffirmed
Panoply Packagings Pvt Ltd            LOC                CRISIL A4      15      Assigned
Prim Shylla                           Bill Discounting   CRISIL A4      70      Assigned
Punjab Riceland Pvt Ltd               Packing Credit     CRISIL A4+     600     Reaffirmed
Rachna Plasticizers                   Inland/Import LOC  CRISIL A3+     81.1    Assigned
Sangeeta Poly Pack Pvt Ltd            BG                 CRISIL A3      2       Reaffirmed
Sangeeta Poly Pack Pvt Ltd            LOC & BG           CRISIL A3      20      Reaffirmed
Sasken Communication Technologies Ltd LOC & BG           CRISIL A1+     120     Reaffirmed
Sasken Communication Technologies Ltd Packing Credit     CRISIL A1+     500     Reaffirmed
Shreya's India Pvt Ltd                BG                 CRISIL A4+     45      Reaffirmed
Sri Bapuji Constructions Pvt Ltd      BG                 CRISIL A4+     200     Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd      Bill Discounting   CRISIL A4      40      Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd      LOC                CRISIL A4      10      Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd      Packing Credit     CRISIL A4      100     Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd      Standby Line of    CRISIL A4      24      Reaffirmed
                                      Credit
Tab India Granites Pvt Ltd            LOC                CRISIL A3      150     Reaffirmed
Tab India Granites Pvt Ltd            Packing Credit#    CRISIL A3      670     Reaffirmed
# Includes sub-limit of Rs.370 Million for pre-shipment and post-shipment credit
Technofab Engineering Ltd             BG^                CRISIL A2+     7500    Reaffirmed
^ Includes a letter of credit sub-limit of Rs.1260 million
Technofab Engineering Ltd             Proposed BG        CRISIL A2+     500     Reaffirmed
Tej Shoe Tech                         LOC                CRISIL A4+     37.5    Reaffirmed
Tej Shoe Tech                         Packing Credit     CRISIL A4+     120     Reaffirmed
The Mittal Udyog Samiti               Packing Credit     CRISIL A4      400     Reaffirmed
Tinna Overseas Ltd                    BG                 CRISIL A3      100     Suspended
Vetrivel Explosives Pvt Ltd           BG                 CRISIL A4      20      Assigned
Vetrivel Explosives Pvt Ltd           LOC                CRISIL A4      40      Assigned
Vikram Plasticizers                   LOC                CRISIL A3      100     Assigned
Vikram Plasticizers                   BG                 CRISIL A3      2.5     Assigned
Yerik International                   Bill Discounting   CRISIL A4+     145     Reaffirmed
Yerik International                   Packing Credit     CRISIL A4+     100     Reaffirmed

LONG TERM RATINGS:
-------------------
A. Automovers Pvt Ltd                 Inventory Funding  CRISIL BB-     200     Assigned
                                      Fac
Agarwal Corporation                   CC                 CRISIL B-      70      Assigned
Agarwal Corporation                   Proposed LT Bk     CRISIL B-      30      Assigned
                                      Loan Fac

Alpha Design Technologies Pvt Ltd     Proposed LT Bk     CRISIL B+      5.3     Assigned
                                      Loan Fac
Alpha Design Technologies Pvt Ltd     CC                 CRISIL B+      272.5   Assigned
Amore Jewels Pvt Ltd                  CC                 CRISIL BB+     50      Reaffirmed
Apollo Creations Pvt Ltd              Proposed TL        CRISIL B+      142     Reaffirmed
Apollo Creations Pvt Ltd              TL                 CRISIL B+      8       Reaffirmed
ASIP Pvt Ltd                          BG                 CRISIL D       750     Downgraded
                                                                                from CRISIL AA
ASIP Pvt Ltd                          CC                 CRISIL D       650     Downgraded
                                                                                from CRISIL B
ASIP Pvt Ltd                          TL                 CRISIL D       50      Downgraded
                                                                                from CRISIL B
Beekay Distributors                   CC                 CRISIL BB+     32.5    Reaffirmed
Beekay Distributors                   Channel Financing  CRISIL BB+     115     Reaffirmed
Beekay Distributors                   Proposed LT Bk     CRISIL BB+     12.5    Reaffirmed
                                      Loan Fac
Bholasons Jewellers                   CC                 CRISIL BB      60      Reaffirmed
Bholasons Jewellers                   Proposed LT Bk     CRISIL BB      80      Reaffirmed
                                      Loan Fac
Cosmo Granites Pvt Ltd                CC                 CRISIL BB-     98.5    Suspended
Dee Vee Projects Ltd                  CC                 CRISIL BBB-    80      Reaffirmed
Dee Vee Projects Ltd                  Proposed LT Bk     CRISIL BBB-    45      Reaffirmed
                                      Loan Fac
Dee Vee Projects Ltd                  TL                 CRISIL BBB-    25      Reaffirmed
Employees Welfare Fund                CC                 CRISIL B+      140     Assigned
Erode Builder Educational Trust       CC                 CRISIL C       13      Reaffirmed
Erode Builder Educational Trust       TL                 CRISIL C       200     Reaffirmed
Famina Knits Ltd                      TL                 CRISIL B       4       Assigned
Famina Knits Ltd                      Proposed LT Bk     CRISIL B       46      Assigned
                                      Loan Fac
Famina Knits Ltd                      Foreign Bill       CRISIL B       40      Assigned
                                      Discounting
Famina Knits Ltd                      CC                 CRISIL B       100     Assigned
Filter Manufacturing Industries Pvt.  CC                 CRISIL B+      35      Downgraded
Ltd.                                                                            from CRISIL
                                                                                BB-
Filter Manufacturing Industries Pvt.  Proposed LT Bk     CRISIL B+      18      Downgraded
Ltd.                                  Loan Fac                                  from CRISIL
                                                                                BB-
Filter Manufacturing Industries Pvt.  Standby Line of    CRISIL B+      3       Downgraded
Ltd.                                  Credit                                    from CRISIL
                                                                                BB-
Globus Industries and Services Ltd    CC                 CRISIL C       120     Upgraded from
                                                                                CRISIL D
Globus Industries and Services Ltd    TL                 CRISIL C       10.3    Upgraded from
                                                                                CRISIL D
Globus Industries and Services Ltd    WC TL              CRISIL C       383     Upgraded from
                                                                                CRISIL D
Ilasakaa Steels Ltd                   CC                 CRISIL BB-     250     Reaffirmed
Ilasakaa Steels Ltd                   TL                 CRISIL BB-     27.5    Reaffirmed
J Korin Spinning Pvt Ltd              CC #               CRISIL BB-     70      Reaffirmed
# Includes sub limit of Packing Credit of Rs.25 Million and Inland/Import Letter of Credit of
Rs.15.0 Million
J Korin Spinning Pvt Ltd              LT Loan            CRISIL BB-     143.1   Reaffirmed
J Korin Spinning Pvt Ltd              Proposed LT Bk     CRISIL BB-     30.4    Reaffirmed
                                      Loan Fac
J.M.D. Laxmi Enterprises              CC                 CRISIL B-      70      Assigned
J.M.D. Laxmi Enterprises              Proposed LT Bk     CRISIL B-      30      Assigned
                                      Loan Fac
Jai Ambay Fertilisers Pvt Ltd         CC                 CRISIL B       50      Assigned
Jindal Fibres Ltd                     CC                 CRISIL B+      130     Reaffirmed
Jindal Fibres Ltd                     Rupee TL           CRISIL B+      90      Reaffirmed
JVR Forgings Ltd                      CC                 CRISIL D       300     Downgraded
                                                                                from CRISIL BB
*Fungible with Export Packing Credit/Packing credit Foreign Currency/Export Bill Purchase up to
Rs.50.0 Million
K. P. Automotives Pvt Ltd             Overdraft Fac      CRISIL BB      95      Reaffirmed
K. P. Automotives Pvt Ltd             Proposed LT Bk     CRISIL BB      9.3     Reaffirmed
                                      Loan Fac
K. P. Automotives Pvt Ltd             TL                 CRISIL BB      36      Reaffirmed
Kalpatru Synthetics Pvt Ltd           CC                 CRISIL BB-     13      Upgraded from
                                                                                CRISIL B+
Kalpatru Synthetics Pvt Ltd           Rupee TL           CRISIL BB-     50      Upgraded from
                                                                                CRISIL B+
KRM Tyres                             CC                 CRISIL B+      120     Upgraded from
                                                                                CRISIL B-
KRM Tyres                             Standby Line of    CRISIL B+      30      Upgraded from
                                      Credit                                    CRISIL B-
KRM Tyres                             TL                 CRISIL B+      17.3    Upgraded from
                                                                                CRISIL B-
LGW Ltd                               Export Packing     CRISIL B-      100     Reaffirmed
                                      Credit
LGW Ltd                               Proposed LT Bk     CRISIL B-      230     Reaffirmed
                                      Loan Fac
LGW Ltd                               WC TL              CRISIL B-      120     Reaffirmed
Mac Remedies Pvt Ltd                  CC                 CRISIL D       150     Downgraded
                                                                                from CRISIL
                                                                                BB+
Marlin Infrastructures Pvt Ltd        BG                 CRISIL D       30      Assigned
Marlin Infrastructures Pvt Ltd        CC                 CRISIL D       30      Assigned
Metro Ceramics                        CC                 CRISIL BB-     35      Upgraded from
                                                                                CRISIL B+
Metro Ceramics                        TL                 CRISIL BB-     34      Upgraded from
                                                                                CRISIL B+
Mother's Pet Kindergarten             Proposed LT Bk     CRISIL BB+     27.3    Reaffirmed
                                      Loan Fac
Mother's Pet Kindergarten             Rupee TL           CRISIL BB+     47.7    Reaffirmed
Nagpur Estates Pvt Ltd                Proposed LT Bk     CRISIL BB+     25.8    Upgraded from
                                      Loan Fac                                  CRISIL BB
Nagpur Estates Pvt Ltd                TL                 CRISIL BB+     29.2    Upgraded from
                                                                                CRISIL BB
Panoply Packagings Pvt Ltd            CC                 CRISIL B+      45      Assigned
Punjab Riceland Pvt Ltd               CC                 CRISIL BB-     50      Reaffirmed
Rachna Plasticizers                   CC                 CRISIL BBB     100     Assigned
Sangeeta Poly Pack Pvt Ltd            CC                 CRISIL BBB-    70      Reaffirmed
Sangeeta Poly Pack Pvt Ltd            Rupee TL           CRISIL BBB-    34      Reaffirmed
Shree Ganesh Press-N-Coat Industries  Proposed CC Limit  CRISIL BBB-    100     Assigned
Pvt Ltd
Shreya's India Pvt Ltd                CC                 CRISIL BB-     70      Reaffirmed
Shreya's India Pvt Ltd                Proposed LT Bk     CRISIL BB-     57      Reaffirmed
                                      Loan Fac
Singla Jewellers Pvt Ltd              CC                 CRISIL B+      150     Reaffirmed
Sonale Fabrics Pvt Ltd                CC                 CRISIL BB-     90      Assigned
Sonale Fabrics Pvt Ltd                Rupee TL           CRISIL BB-     40      Assigned
Sri Bapuji Constructions Pvt Ltd      CC                 CRISIL BB      100     Reaffirmed
Sri Bapuji Constructions Pvt Ltd      TL                 CRISIL BB      7.5     Reaffirmed
Srivari Cotton Pvt Ltd                Overdraft Fac      CRISIL B       50      Assigned
Srivari Cotton Pvt Ltd                Proposed LT Bk     CRISIL B       50      Assigned
                                      Loan Fac
Sunrise Foam Product Pvt Ltd          TL                 CRISIL B+      5.5     Assigned
Sunrise Foam Product Pvt Ltd          CC                 CRISIL B+      60      Assigned
Sunrise Foam Product Pvt Ltd          Proposed LT Bk     CRISIL B+      17      Assigned
                                      Loan Fac
Surya Contractors Pvt Ltd             CC                 CRISIL BBB-    80      Assigned
Surya Contractors Pvt Ltd             Proposed LT Bk     CRISIL BBB-    70      Assigned
                                      Loan Fac
T. Abdul Wahid Tanneries Pvt Ltd      TL                 CRISIL B+      20      Upgraded from
                                                                                CRISIL B-
Tab India Granites Pvt Ltd            CC*                CRISIL BBB-    60      Reaffirmed
Tab India Granites Pvt Ltd            Proposed LT Bk     CRISIL BBB-    40      Reaffirmed
                                      Loan Fac
Tab India Granites Pvt Ltd            TL                 CRISIL BBB-    200     Reaffirmed
Tata Cleantech Capital Ltd            CC & WC demand loanCRISIL AA+     500     Reaffirmed
Tata Cleantech Capital Ltd            Proposed LT Bk     CRISIL AA+     2000    Reaffirmed
                                      Loan Fac
Technofab Engineering Ltd             CC*                CRISIL A-      800     Reaffirmed
* Fully interchangeable with export packing credit and foreign bill purchase to the extent of
Rs.400 million* Includes Rs.100 million sub-limit of export packing credit and foreign bill
purchase 
Technofab Engineering Ltd             Proposed CC Limit  CRISIL A-      200     Reaffirmed
Tej Shoe Tech                         Proposed LT Bk     CRISIL BB      34      Reaffirmed
                                      Loan Fac
Tej Shoe Tech                         TL                 CRISIL BB      7.2     Reaffirmed
The Mittal Udyog Samiti               CC                 CRISIL B+      600     Reaffirmed
The Mittal Udyog Samiti               TL                 CRISIL B+      15      Reaffirmed
Tinna Overseas Ltd                    CC                 CRISIL BBB-    110     Suspended
Tinna Overseas Ltd                    TL                 CRISIL BBB-    6.6     Suspended
Vetrivel Explosives Pvt Ltd           CC                 CRISIL B+      50      Assigned
Vetrivel Explosives Pvt Ltd           Proposed LT Bk     CRISIL B+      27.5    Assigned
                                      Loan Fac
Vetrivel Explosives Pvt Ltd           WC TL              CRISIL B+      35      Assigned
Vikram Plasticizers                   CC                 CRISIL BBB-    125     Assigned
Yerik International                   Proposed LT Bk     CRISIL BB+     5       Reaffirmed
                                      Loan 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; 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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