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CRISIL ratings for Indian debt instruments-Aug 12
August 12, 2015 / 5:02 AM / 2 years ago

CRISIL ratings for Indian debt instruments-Aug 12

Aug 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 11, 2015.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Artefact Infrastructure Ltd             BG                 CRISIL A4      25      Notice of
                                                                                  Withdrawal
Artefact Infrastructure Ltd             LOC                CRISIL A4      35      Notice of
                                                                                  Withdrawal
Fermenta Biotech Ltd                    Letter Of GuaranteeCRISIL A3+     5       Reaffirmed
Fermenta Biotech Ltd                    LOC                CRISIL A3+     20      Reaffirmed
Fermenta Biotech Ltd                    Post Shipment      CRISIL A3+     60      Reaffirmed
                                        Credit
Fermenta Biotech Ltd                    Pre Shipment Fac   CRISIL A3+     60      Reaffirmed
Hindustan Zinc Ltd                      STD                CRISIL A1+     1000    Assigned
Hindustan Zinc Ltd                      Bill Discounting   CRISIL A1+     2.3     Reaffirmed
Hindustan Zinc Ltd                      LOC & BG           CRISIL A1+     10.8    Reaffirmed
K T K P Sarabarahkari and Babasayi      BG                 CRISIL A4      1.8     Upgraded from
Samitee Himghar Ltd                                                               CRISIL D
Kaka Overseas Ltd                       Proposed ST Bk     CRISIL A4+     34      Assigned
                                        Loan Fac
Kaka Overseas Ltd                       Export Packing     CRISIL A4+     20      Assigned
                                        Credit *
*Interchangeability of Rs.15 million from foreign bill purchase to export packing credit and
vice versa.
Kaka Overseas Ltd                       Foreign Bill       CRISIL A4+     35      Assigned
                                        Purchase *
*Interchangeability of Rs.15 million from foreign bill purchase to export packing credit and
vice versa.
Mahalaxmi Buildwell India Pvt Ltd       BG                 CRISIL A4+     1.5     Reaffirmed
Mahalaxmi Buildwell India Pvt Ltd       Proposed ST Bk     CRISIL A4+     28.5    Assigned
                                        Loan Fac
Manidhari Oils Pvt Ltd                  LOC                CRISIL A4+     40      Assigned
Narain and Company                      LOC                CRISIL A4+     300     Reaffirmed
Pratibha Electrical Contractor LLP      BG                 CRISIL A4      130     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Pratibha Electrical Contractor LLP      Inland/Import LOC  CRISIL A4      30      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Pratibha Electrical Contractor LLP      LOC                CRISIL A4      20      Assigned
Pyoginam                                BG                 CRISIL A4      1.2     Reaffirmed
Pyoginam                                Foreign Bill       CRISIL A4      127     Reaffirmed
                                        Purchase
Pyoginam                                Packing Credit     CRISIL A4      65      Reaffirmed
R.L.Construction                        BG                 CRISIL A4      70      Reaffirmed
Rajeev Metal Industries                 Export Packing     CRISIL A4+     30      Reaffirmed
                                        Credit
Rajeev Metal Industries                 Foreign Bill       CRISIL A4+     60      Reaffirmed
                                        Purchase
Rajeev Metal Industries                 Packing Credit     CRISIL A4+     60      Assigned
Ritisha Oils Pvt Ltd                    LOC                CRISIL A4+     100     Reaffirmed
Sarvottam Rolling Mills Pvt Ltd         BG                 CRISIL A4      30      Reaffirmed
Shobha Woollens Pvt Ltd                 Import LOC Limit   CRISIL A4+     3       Assigned
Shobha Woollens Pvt Ltd                 Export Packing     CRISIL A4+     15      Assigned
                                        Credit *
*Interchangeability of Rs.15 million from foreign bill purchase to export packing credit and
vice versa
Shobha Woollens Pvt Ltd                 Foreign Bill       CRISIL A4+     30      Assigned
                                        Purchase *
*Interchangeability of Rs.15 million from foreign bill purchase to export packing credit and
vice versa
Time Technoplast Ltd                    CP                 CRISIL A1+     600     Reaffirmed
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     380 ^^^ Reaffirmed
^^^Includes sublimit of Rs.420 million for overdraft, Rs.400 million for short-term loans,
Rs.480 million for import letter of credit
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     300     Reaffirmed
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     450 @@@ Reaffirmed
@@@Includes sublimit of Rs.170 million for bank guarantee
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     560 @   Reaffirmed
@ Includes sublimit of Rs.75 million for bank guarantee and fully interchangeable with stand-by
letter of credit
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     80 &    Reaffirmed
&Fully interchangeable with bank guarantee
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     620 $$  Reaffirmed
$$ Includes sublimit of Rs.11 million for bank guarantee and fully interchangeable with buyer's
credit
Time Technoplast Ltd                    LOC & BG           CRISIL A1+     80 @@   Reaffirmed
@@ Includes sublimit of Rs.10 million for bank guarantee
Toyota Financial Services India Ltd     ST/CP              CRISIL A1+     11000   Reaffirmed
Zim Laboratories Ltd                    LOC & BG           CRISIL A3+     160     Reaffirmed

LONG TERM RATINGS:
-------------------
Aadhar Rice Mill Pvt Ltd                CC                 CRISIL BB      125     Assigned
Aadhar Rice Mill Pvt Ltd                Rupee TL           CRISIL BB      26.1    Assigned
Artefact Infrastructure Ltd             CC                 CRISIL B       45      Notice of
                                                                                  Withdrawal
Baba Naga Agro Pvt Ltd                  CC                 CRISIL B       150     Reaffirmed
Baba Naga Agro Pvt Ltd                  Proposed LT Bk     CRISIL B       39      Reaffirmed
                                        Loan Fac
Baba Naga Agro Pvt Ltd                  TL                 CRISIL B       156     Assigned
Bhumika Egg Educing Valley              TL                 CRISIL B+      47.5    Assigned
Bhumika Egg Educing Valley              CC                 CRISIL B+      13.3    Assigned
Bhumika Egg Educing Valley              Proposed LT Bk     CRISIL B+      9.2     Assigned
                                        Loan Fac
Fermenta Biotech Ltd                    CC                 CRISIL BBB     160     Reaffirmed
Fermenta Biotech Ltd                    LT Loan            CRISIL BBB     65      Reaffirmed

Fermenta Biotech Ltd                    Proposed LT Bk     CRISIL BBB     110     Reaffirmed
                                        Loan Fac
Hindustan Zinc Ltd                      LOC & BG *         CRISIL AAA     1.5     Reaffirmed
* Interchangeable with fund-based facilities
Hindustan Zinc Ltd                      Overdraft Fac      CRISIL AAA     5.2     Reaffirmed
Hindustan Zinc Ltd                      Proposed CC Limit  CRISIL AAA     0.2     Reaffirmed
J.G.Chemicals Pvt Ltd                   CC                 CRISIL BB      233.2   Upgraded from
                                                                                  CRISIL BB-
J.G.Chemicals Pvt Ltd                   TL                 CRISIL BB      6.8     Upgraded from
                                                                                  CRISIL BB-
Jin Plast India Ltd                     LT Loan            CRISIL D       20      Assigned
Jin Plast India Ltd                     CC                 CRISIL D       50      Assigned
Jin Plast India Ltd                     LOC                CRISIL D       10      Assigned
Jindal House                            CC                 CRISIL BB+     125     Assigned
K T K P Sarabarahkari and Babasayi      CC                 CRISIL B-      43.8    Upgraded from
Samitee Himghar Ltd                                                               CRISIL D
K T K P Sarabarahkari and Babasayi      Proposed LT Bk     CRISIL B-      48      Upgraded from
Samitee Himghar Ltd                     Loan Fac                                  CRISIL D
K T K P Sarabarahkari and Babasayi      WC Loan            CRISIL B-      6.5     Upgraded from
Samitee Himghar Ltd                                                               CRISIL D
K T K P Sarabarahkari and Babasayi      WC TL              CRISIL B-      3.9     Upgraded from
Samitee Himghar Ltd                                                               CRISIL D
Kaka Overseas Ltd                       Standby Line of    CRISIL BB-     11      Assigned
                                        Credit
Kakda Rolling Mills                     CC                 CRISIL B+      135     Assigned
Lekh Raj Autoplaza Pvt Ltd              CC                 CRISIL B-      90      Reaffirmed
Lekh Raj Autoplaza Pvt Ltd              Proposed LT Bk     CRISIL B-      20      Reaffirmed
                                        Loan Fac
Lekh Raj Autoplaza Pvt Ltd              TL                 CRISIL B-      40      Reaffirmed
Luni Power Company Pvt Ltd              TL                 CRISIL BB-     150     Reaffirmed
Mahalaxmi Buildwell India Pvt Ltd       CC                 CRISIL BB-     120     Reaffirmed
Manidhari Oils Pvt Ltd                  CC                 CRISIL BB+     10      Reaffirmed
Manidhari Oils Pvt Ltd                  Proposed LT Bk     CRISIL BB+     50      Assigned
                                        Loan Fac
Minda Furukawa Electric Pvt Ltd         Bill Discounting   CRISIL BBB+    75      Upgraded from
                                                                                  CRISIL BBB-
Minda Furukawa Electric Pvt Ltd         CC & WC demand loanCRISIL BBB+    15      Assigned
Minda Furukawa Electric Pvt Ltd         CC                 CRISIL BBB+    60      Assigned
Narain and Company                      CC                 CRISIL BB-     500     Reaffirmed
P. J. Exports                           CC                 CRISIL B-      45      Reaffirmed
P. J. Exports                           Foreign Bill       CRISIL B-      65      Reaffirmed
                                        Discounting
P. J. Exports                           Packing Credit     CRISIL B-      100     Reaffirmed
Pioneer Motors (Kannur) Pvt Ltd         CC                 CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Pioneer Motors (Kannur) Pvt Ltd         Inventory Funding  CRISIL BB-     30      Downgraded
                                        Fac                                       from CRISIL BB
Pioneer Motors (Kannur) Pvt Ltd         LT Loan            CRISIL BB-     4       Downgraded
                                                                                  from CRISIL BB
Pratibha Electrical Contractor LLP      CC                 CRISIL B+      65      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Pratibha Electrical Contractor LLP      Proposed LT Bk     CRISIL B+      5       Assigned
                                        Loan Fac
Pyoginam                                Overdraft Fac      CRISIL B+      52      Reaffirmed
R.L.Construction                        CC                 CRISIL B+      50      Upgraded from
                                                                                  CRISIL B
R.L.Construction                        Standby Line of    CRISIL B+      5       Upgraded from
                                        Credit                                    CRISIL B
Rayfam Enterprises Pvt Ltd              Overdraft Fac      CRISIL B       10      Upgraded from
                                                                                  CRISIL B-
Rayfam Enterprises Pvt Ltd              Proposed WC Fac    CRISIL B       40      Upgraded from
                                                                                  CRISIL B-
Rayfam Enterprises Pvt Ltd              WC Fac             CRISIL B       50      Upgraded from
                                                                                  CRISIL B-
Ritisha Oils Pvt Ltd                    CC                 CRISIL BB+     100     Reaffirmed
Ritisha Oils Pvt Ltd                    Proposed LT Bk     CRISIL BB+     50      Assigned
                                        Loan Fac
Sandu Developers                        Proposed LT Bk     CRISIL B+      53      Assigned
                                        Loan Fac
Sandu Developers                        TL                 CRISIL B+      377     Assigned
Sarvottam Rolling Mills Pvt Ltd         CC                 CRISIL B+      150     Reaffirmed
Sarvottam Rolling Mills Pvt Ltd         Proposed LT Bk     CRISIL B+      14.1    Reaffirmed
                                        Loan Fac
Shobha Woollens Pvt Ltd                 Standby Line of    CRISIL BB-     9       Assigned
                                        Credit
Shobha Woollens Pvt Ltd                 Proposed LT Bk     CRISIL BB-     43      Assigned
                                        Loan Fac
Shree Developers                        Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Shree Developers                        TL                 CRISIL B+      50      Reaffirmed
Shree Shakambari Rice Mill Pvt Ltd      CC                 CRISIL BB      200     Assigned
Shri Ram Solvent Extractions Pvt Ltd    TL                 CRISIL BB      15      Assigned
Shri Ram Solvent Extractions Pvt Ltd    CC                 CRISIL BB      65      Assigned
Shri Ram Solvent Extractions Pvt Ltd    Proposed LT Bk     CRISIL BB      20      Assigned
                                        Loan Fac
Sri Muthukumaran Educational Trust      TL                 CRISIL BB      600     Assigned
T. C. Motors Pvt Ltd                    CC                 CRISIL BB-     40      Downgraded
                                                                                  from CRISIL BB
T. C. Motors Pvt Ltd                    Inventory Funding  CRISIL BB-     130     Downgraded
                                        Fac                                       from CRISIL BB
T. C. Motors Pvt Ltd                    TL                 CRISIL BB-     85.7    Downgraded
                                                                                  from CRISIL BB
Tarini Infrastructure Ltd               Funded Interest TL CRISIL D       76.5    Assigned
Tarini Infrastructure Ltd               TL                 CRISIL D       223.5   Assigned
Time Technoplast Ltd                    NCD                CRISIL AA-     2000    Reaffirmed
Time Technoplast Ltd                    CC                 CRISIL AA-     550     Reaffirmed
Time Technoplast Ltd                    CC                 CRISIL AA-     340 ##  Reaffirmed
##Fully interchangeable with working capital demand loan, export finance and buyer's credit
Time Technoplast Ltd                    CC                 CRISIL AA-     575 ^^  Reaffirmed
^^Includes sublimit of Rs.460 million for working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL AA-     650 #   Reaffirmed
# Fully interchangeable with working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL AA-     215 *   Reaffirmed
*Interchangeable with working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL AA-     250 ^   Reaffirmed
^ Includes sublimit of Rs.150 million for working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL AA-     375 $   Reaffirmed
$ Includes sublimit of Rs.150 million for bank guarantee, and fully interchangeable with working
capital demand loan, letter of credit and buyer's credit
Time Technoplast Ltd                    LT Loan            CRISIL AA-     3260    Reaffirmed
Time Technoplast Ltd                    Proposed LT Bk     CRISIL AA-     50      Reaffirmed
                                        Loan Fac
Time Technoplast Ltd                    Proposed TL        CRISIL AA-     40      Reaffirmed
Time Technoplast Ltd                    WC Demand Loan     CRISIL AA-     645 **  Reaffirmed
** Includes sublimit of Rs.2.6 million for bill discounting/bill purchase and fully
interchangeable with cash credit
Time Technoplast Ltd                    WC Demand Loan     CRISIL AA-     330     Reaffirmed
Toyota Financial Services India Ltd     NCD                CRISIL AAA     3000    Assigned
Toyota Financial Services India Ltd     NCD                CRISIL AAA     11000   Reaffirmed
Zim Laboratories Ltd                    CC                 CRISIL BBB     580     Reaffirmed
Zim Laboratories Ltd                    External           CRISIL BBB     333.3   Reaffirmed
                                        Commercial
                                        Borrowings
Zim Laboratories Ltd                    LT Loan            CRISIL BBB     64.5    Reaffirmed
Zim Laboratories Ltd                    Proposed LT Bk     CRISIL BBB     22.2    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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