October 15, 2015 / 5:28 AM / 2 years ago

CRISIL ratings for Indian debt instruments-Oct 15

Oct 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 14, 2015.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Advatech Cera Tiles Ltd                 BG                 CRISIL A4      20      Reassigned
Atlantic Shipping Pvt Ltd               BG                 CRISIL A4+     10      Upgraded from
                                                                                  CRISIL A4
Balaji Impex                            Overdraft Fac      CRISIL A4+     10      Assigned
Balaji Impex                            LOC                CRISIL A4+     90      Assigned
Balaji Impex                            Import LOC Limit   CRISIL A4+     40      Assigned
Bhargavi Automobiles Pvt Ltd            BG                 CRISIL A4      10      Reaffirmed
Blue Star Malleable Pvt Ltd             BG                 CRISIL A4+     95      Reaffirmed
BP Sangle Constructions Pvt Ltd         BG                 CRISIL A3      100     Assigned
Chakri Fisheries Pvt Ltd                Packing Credit     CRISIL A4      60      Assigned
Chakri Fisheries Pvt Ltd                BG                 CRISIL A4      2.5     Assigned
Chem Corporation                        LOC                CRISIL A4      40      Reaffirmed
Continental Furnishers Pvt Ltd          BG                 CRISIL A4      30      Reaffirmed
Continental Furnishers Pvt Ltd          LOC                CRISIL A4      6       Reaffirmed
Crown Engineering Enterprises           LOC Bill           CRISIL A4+     100     Assigned
                                        Discounting
Crown Engineering Enterprises           Inland/Import LOC  CRISIL A4+     15      Assigned
D. K. Chauhan                           BG                 CRISIL A4+     40      Reaffirmed
Elektronik Lab                          BG                 CRISIL A4+     30      Reaffirmed
GKB Ophthalmics Ltd                     BG                 CRISIL A4      11      Upgraded from
                                                                                  CRISIL D
GKB Ophthalmics Ltd                     Export Bill        CRISIL A4      20      Upgraded from
                                        Purchase                                  CRISIL D
                                        -Discounting
GKB Ophthalmics Ltd                     Export Packing     CRISIL A4      30      Upgraded from
                                        Credit                                    CRISIL D
GKB Ophthalmics Ltd                     LOC                CRISIL A4      50      Upgraded from
                                                                                  CRISIL D
Goyum Screw Press                       Packing Credit in  CRISIL A4      70      Reaffirmed
                                        Foreign Currency
Jumax Foam Pvt Ltd                      Foreign Exchange   CRISIL A4+     50      Assigned
                                        Forward
Khator Fibre and Fabrics Ltd            Letter Of GuaranteeCRISIL A4+     1       Reaffirmed
Khator Fibre and Fabrics Ltd            Packing Credit     CRISIL A4+     22.5    Reaffirmed
Krishna Enterprises - Hyderabad         Bill Discounting   CRISIL A4+     234     Reaffirmed
                                        under LOC
LNV Technology Pvt Ltd                  BG                 CRISIL A3      250     Assigned
Magna Electro Castings Ltd              BG                 CRISIL A3      2.5     Reaffirmed
Magna Electro Castings Ltd              Bill Discounting   CRISIL A3      100     Reaffirmed
Magna Electro Castings Ltd              LOC                CRISIL A3      50      Reaffirmed
Online Print and Pack Pvt Ltd           BG                 CRISIL A4      1       Reaffirmed
Pal Enterprises                         LOC                CRISIL A4+     50      Reaffirmed
Pal Enterprises                         Post Shipment      CRISIL A4+     30      Reaffirmed
                                        Credit
Pal Enterprises                         Pre Shipment CreditCRISIL A4+     70      Reaffirmed
Rakshit Drugs Pvt Ltd                   Inland/Import LOC  CRISIL A4+     40      Reaffirmed
Rakshit Drugs Pvt Ltd                   Packing Credit     CRISIL A4+     25      Reaffirmed
S.S.Natarajan & Co                      BG                 CRISIL A4+     40      Assigned
Shilpi Cable Technologies Ltd           LOC                CRISIL A2      2700    Reaffirmed
Shilpi Cable Technologies Ltd           LOC & BG           CRISIL A2      800     Reaffirmed
Shilpi Cable Technologies Ltd           Proposed NFBL      CRISIL A2      1750    Reaffirmed
Shri Basaveshwar Veerashaiva            BG                 CRISIL A4      200     Upgraded from
Vidayavardhak Sangha                                                              CRISIL D
Srivenkateshwar Tradex Pvt Ltd          LOC                CRISIL A4      300     Reaffirmed
Synergene Active Ingredients Pvt Ltd    BG                 CRISIL A4+     30      Reaffirmed
Triple Helix Industries                 Export Packing     CRISIL A4      30      Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
Triple Helix Industries                 Foreign Bill       CRISIL A4      10      Downgraded
                                        Negotiation                               from CRISIL
                                                                                  A4+
Triple Helix Industries                 LOC                CRISIL A4      40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
ValueLabs LLP                           Packing Credit in  CRISIL A4+     120     Reaffirmed
                                        Foreign Currency
Vijaynath Roof And Wall Cladding        BG                 CRISIL A4      200     Reaffirmed
Systems Pvt Ltd
Vijaynath Roof And Wall Cladding        LOC                CRISIL A4      100     Reaffirmed
Systems Pvt Ltd
Yash Enterprises                        BG                 CRISIL A4      47      Reaffirmed

LONG TERM RATINGS:
-------------------
Advatech Cera Tiles Ltd                 CC                 CRISIL B+      125     Reaffirmed
Advatech Cera Tiles Ltd                 Proposed LT Bk     CRISIL B+      92      Reaffirmed
                                        Loan Fac
Advatech Cera Tiles Ltd                 WC TL              CRISIL B+      23.3    Assigned
Advatech Cera Tiles Ltd                 TL                 CRISIL B+      39.7    Assigned
Aggarwal Cotton and General Mills       CC                 CRISIL B+      140     Reaffirmed
Aquaco Industries Pvt Ltd               Proposed LT Bk     CRISIL B-      17.9    Assigned
                                        Loan Fac
Aquaco Industries Pvt Ltd               CC                 CRISIL B-      28.4    Assigned
Aquaco Industries Pvt Ltd               LT Loan            CRISIL B-      73.7    Assigned
Archis Packaging India Pvt Ltd          Proposed LT Bk     CRISIL BB-     7.5     Reaffirmed
                                        Loan Fac

Archis Packaging India Pvt Ltd          WC Fac*            CRISIL BB-     62.5    Reaffirmed
  * interchangable with cash credit and letter of credit
Asian Earthmovers                       CC                 CRISIL D       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Atlantic Shipping Pvt Ltd               CC                 CRISIL BB-     80      Upgraded from
                                                                                  CRISIL
                                                                                  B+
Atlantic Shipping Pvt Ltd               Overdraft Fac      CRISIL BB-     10      Upgraded from
                                                                                  CRISIL
                                                                                  B+
Atlantic Shipping Pvt Ltd               TL                 CRISIL BB-     130     Upgraded from
                                                                                  CRISIL
                                                                                  B+
Bahubali Cashews                        CC                 CRISIL B       60      Assigned
Balaji Impex                            CC*                CRISIL BB+     70      Assigned
* Interchangeable with Letter of Credit
Bhargavi Automobiles Pvt Ltd            CC                 CRISIL B+      155     Reaffirmed
Blue Star Malleable Pvt Ltd             CC                 CRISIL BB+     55      Reaffirmed
BP Sangle Constructions Pvt Ltd         CC                 CRISIL BBB-    150     Assigned
Chakri Fisheries Pvt Ltd                Proposed LT Bk     CRISIL B       0.5     Assigned
                                        Loan Fac
Chakri Fisheries Pvt Ltd                LT Loan            CRISIL B       12      Assigned
Chakri Fisheries Pvt Ltd                Foreign Bill       CRISIL B       60      Assigned
                                        Discounting
Chem Corporation                        CC                 CRISIL B       12.5    Reaffirmed
Chem Corporation                        Proposed LT Bk     CRISIL B       7.5     Reaffirmed
                                        Loan Fac
Continental Furnishers Pvt Ltd          CC                 CRISIL B-      22.5    Reaffirmed
Continental Furnishers Pvt Ltd          Proposed LT Bk     CRISIL B-      21.5    Reaffirmed
                                        Loan Fac
Crown Engineering Enterprises           Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
Crown Engineering Enterprises           CC                 CRISIL BB-     30      Assigned
D. K. Chauhan                           CC                 CRISIL BB      50      Reaffirmed
D. K. Chauhan                           Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        Loan Fac
D. K. Chauhan                           Standby Line of    CRISIL BB      5       Reaffirmed
                                        Credit
Elektronik Lab                          CC                 CRISIL BB      10      Reaffirmed
Elektronik Lab                          CC/ Overdraft Fac  CRISIL BB      15      Reaffirmed
Elektronik Lab                          Proposed LT Bk     CRISIL BB      77      Reaffirmed
                                        Loan Fac
Elektronik Lab                          TL                 CRISIL BB      18      Reaffirmed
Enrich Exports                          Packing Credit     CRISIL BB-     105     Assigned
G R R Industries Pvt Ltd                CC                 CRISIL B       60      Reaffirmed
G R R Industries Pvt Ltd                Proposed LT Bk     CRISIL B       25      Reaffirmed
                                        Loan Fac
G R R Industries Pvt Ltd                TL                 CRISIL B       5       Reaffirmed
Galaxy Infracon                         Proposed LT Bk     CRISIL B+      50      Assigned
                                        Loan Fac
Gayatri Agro Oil and Food Products      TL                 CRISIL BB-     87.5    Assigned
Gayatri Agro Oil and Food Products      CC                 CRISIL BB-     50      Assigned
Gayatri Agro Oil and Food Products      Proposed LT Bk     CRISIL BB-     17.2    Assigned
                                        Loan Fac
GKB Ophthalmics Ltd                     CC                 CRISIL B       40      Upgraded from
                                                                                  CRISIL D
Goyum Screw Press                       Proposed LT Bk     CRISIL B       50      Reaffirmed
                                        Loan Fac
Jai Ambe Quality Sugar                  CC                 CRISIL B+      90      Reaffirmed
Jumax Foam Pvt Ltd                      CC                 CRISIL BB      50      Assigned
Kanchi Karpooram Ltd                    Buyer Credit Limit CRISIL BB      60      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Kanchi Karpooram Ltd                    CC                 CRISIL BB      70      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Kanchi Karpooram Ltd                    Proposed LT Bk     CRISIL BB      70      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Khator Fibre and Fabrics Ltd            CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL
                                                                                  BB
Khator Fibre and Fabrics Ltd            TL                 CRISIL BB-     126.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB
Kiran Gems Pvt Ltd                      CC                 CRISIL A-      500     Reaffirmed
Kiran Gems Pvt Ltd                      Export Packing     CRISIL A-      7500    Reaffirmed
                                        Credit
Kiran Gems Pvt Ltd                      Post Shipment      CRISIL A-      9250    Reaffirmed
                                        Credit
Kiran Gems Pvt Ltd                      Proposed LT Bk     CRISIL A-      6110    Reaffirmed
                                        Loan Fac
Kiran Gems Pvt Ltd                      Standby Line of    CRISIL A-      2500    Reaffirmed
                                        Credit
Kiran Jewelry                           Export Packing     CRISIL A-      240     Reaffirmed
                                        Credit
Kiran Jewelry                           Post Shipment      CRISIL A-      1110    Reaffirmed
                                        Credit
Kkrishna Vaahan Pvt Ltd                 CC                 CRISIL BB-     45      Upgraded from
                                                                                  CRISIL
                                                                                  B+
Kkrishna Vaahan Pvt Ltd                 Proposed LT Bk     CRISIL BB-     75      Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  B+
Krishna Enterprises - Hyderabad         CC - Book Debt     CRISIL BB-     16      Reaffirmed
Kuttanadu Vikasana Samithy              Proposed LT Bk     CRISIL B       11.5    Assigned
                                        Loan Fac
Magma Fincorp Ltd                       Series A1 PTCs     CRISIL A       1918.9  Assigned
Magma Fincorp Ltd                       Series A2 PTCs     CRISIL A       125.7   Assigned
Magma Fincorp Ltd                       Liquidity Fac      CRISIL AAA     30.4    Assigned
Magma Fincorp Ltd                       Second Loss Fac    CRISIL BBB     41.8    Assigned
Magna Electro Castings Ltd              CC*                CRISIL BBB-    50      Reaffirmed
*Fully interchangeable with PC/PCFC
Magna Electro Castings Ltd              CC**               CRISIL BBB-    50      Reaffirmed
**Fully interchangeable with packing credit, foreign bill purchase. and foreign bill negotiation
Magna Electro Castings Ltd              LT Loan            CRISIL BBB-    85      Reaffirmed
Magna Electro Castings Ltd              Proposed LT Bk     CRISIL BBB-    25.8    Reaffirmed
                                        Loan Fac
Millionaire Developers                  Proposed LT Bk     CRISIL BB      50      Assigned
                                        Loan Fac
Nagar Dairy Pvt Ltd                     CC                 CRISIL BB      500     Reaffirmed
Navdurga Agro Industries                CC                 CRISIL B       80      Reaffirmed
NIF Ispat Ltd                           Export Packing     CRISIL BB      69.5    Upgraded from
                                        Credit*                                   CRISIL
                                                                                  BB-
* Fully interchangeable with foreign bill discounting
NIF Ispat Ltd                           Foreign Bill       CRISIL BB      69.5    Upgraded from
                                        Discounting#                              CRISIL
                                                                                  BB-
# Fully interchangeable with export packing credit
NIF Ispat Ltd                           Proposed LT Bk     CRISIL BB      31      Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB-
Om Esha Agro Products Pvt Ltd           Proposed CC Limit  CRISIL B       45      Assigned
Om Esha Agro Products Pvt Ltd           Proposed TL        CRISIL B       155     Assigned
Om Sai Cotton Industries                CC                 CRISIL B       100     Reaffirmed
Om Sai Cotton Industries                Proposed LT Bk     CRISIL B       36      Reaffirmed
                                        Loan Fac
Om Sai Cotton Industries                TL                 CRISIL B       14      Reaffirmed
Online Print and Pack Pvt Ltd           CC#                CRISIL B+      55      Reaffirmed
#Includes a sub-limit of Rs.5 million of bill discounting, export packing credit, and
inland/import letter of credit.
Online Print and Pack Pvt Ltd           TL                 CRISIL B+      24      Reaffirmed
Prime Cargo Movers                      CC                 CRISIL B+      60      Reaffirmed
Prime Cargo Movers & Logistics Pvt Ltd  CC                 CRISIL B+      70      Reaffirmed
Rakshit Drugs Pvt Ltd                   CC                 CRISIL BB      100     Reaffirmed
Rakshit Drugs Pvt Ltd                   LT Loan            CRISIL BB      59.3    Reaffirmed
Rakshit Drugs Pvt Ltd                   WC TL              CRISIL BB      55.7    Reaffirmed
Ravina Health Care Pvt Ltd              Proposed TL        CRISIL B       160     Reaffirmed
Ryatar Sahakari Sakkare Karkhane NiyamitCC-Stock           CRISIL B-      200     Reaffirmed
Ryatar Sahakari Sakkare Karkhane NiyamitLT Bk Fac          CRISIL B-      260     Reaffirmed
S.S.Natarajan & Co                      Proposed WC Fac    CRISIL BB      35      Assigned
S.S.Natarajan & Co                      Overdraft Fac      CRISIL BB      25      Assigned
Sarwati Polymers Pvt Ltd                CC                 CRISIL B       20      Reaffirmed
Sarwati Polymers Pvt Ltd                Proposed LT Bk     CRISIL B       11.8    Reaffirmed
                                        Loan Fac
Sarwati Polymers Pvt Ltd                TL                 CRISIL B       38.2    Reaffirmed
Shankar Industries Rice Mill            CC                 CRISIL B       69.5    Reaffirmed
Shanthala Spherocast Pvt Ltd            CC                 CRISIL BB+     160     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Shanthala Spherocast Pvt Ltd            LT Loan            CRISIL BB+     42.7    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Shanthala Spherocast Pvt Ltd            Proposed LT Bk     CRISIL BB+     44      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Shilpi Cable Technologies Ltd           CC                 CRISIL BBB+    1250    Reaffirmed
Shilpi Cable Technologies Ltd           Proposed FB Bk     CRISIL BBB+    500     Reaffirmed
                                        Limits
Shree Prakash Textiles (Guj.) Pvt Ltd   CC                 CRISIL BB+     85      Upgraded from
                                                                                  CRISIL
                                                                                  BB
Shree Prakash Textiles (Guj.) Pvt Ltd   Proposed LT Bk     CRISIL BB+     1.8     Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB
Shree Prakash Textiles (Guj.) Pvt Ltd   TL                 CRISIL BB+     213.2   Upgraded from
                                                                                  CRISIL
                                                                                  BB
Shri Basaveshwar Veerashaiva            TL                 CRISIL B       777.1   Upgraded from
Vidayavardhak Sangha                                                              CRISIL D
Shri Dnyaneshwar Sahakari Sakhar        CC                 CRISIL BB+     400     Reaffirmed
Karkhana Ltd
Shri Dnyaneshwar Sahakari Sakhar        LT Loan            CRISIL BB+     125.3   Reaffirmed
Karkhana Ltd
Shri Dnyaneshwar Sahakari Sakhar        Proposed LT Bk     CRISIL BB+     324.7   Reaffirmed
Karkhana Ltd                            Loan Fac
Shridhar Kraftpack LLP                  CC                 CRISIL B       27      Assigned
Shridhar Kraftpack LLP                  TL                 CRISIL B       53      Assigned
Srivenkateshwar Tradex Pvt Ltd          CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Synergene Active Ingredients Pvt Ltd    CC                 CRISIL BB+     110     Reaffirmed
Synergene Active Ingredients Pvt Ltd    LT Loan            CRISIL BB+     20      Reaffirmed
Synergene Active Ingredients Pvt Ltd    Proposed CC Limit  CRISIL BB+     20      Reaffirmed
Tata Cleantech Capital Ltd              CC & WC demand loanCRISIL AA+     0.5     Reaffirmed
Tata Cleantech Capital Ltd              LT Loan            CRISIL AA+     1       Reaffirmed
Tata Cleantech Capital Ltd              Proposed LT Bk     CRISIL AA+     1       Reaffirmed
                                        Loan Fac
The Hongkong and Shanghai Banking       loan receivables   CRISIL AAA     500.3   Withdrawn
Corporation Ltd
Triple Helix Industries                 CC                 CRISIL B+      5       Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Triple Helix Industries                 Proposed WC Fac    CRISIL B+      3.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
ValueLabs LLP                           LT Loan            CRISIL BB+     80      Reaffirmed
Vijaynath Roof And Wall Cladding        CC                 CRISIL B-      20      Reaffirmed
Systems Pvt Ltd
Vijaynath Roof And Wall Cladding        Proposed LT Bk     CRISIL B-      30.5    Reaffirmed
Systems Pvt Ltd                         Loan Fac
Vijaynath Roof And Wall Cladding        TL                 CRISIL B-      27      Reaffirmed
Systems Pvt Ltd
Yash Enterprises                        CC                 CRISIL B       40      Reaffirmed
--------------------------------------------------------------------------------------------
$: 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below