October 20, 2015 / 5:43 AM / 2 years ago

CRISIL ratings for Indian debt instruments-Oct 20

Oct 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 19, 2015.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ambica Jute Mills Ltd                   BG                 CRISIL A3+     100     Reaffirmed
Ambica Jute Mills Ltd                   LOC                CRISIL A3+     100     Reaffirmed
Ameet Enterprises                       LOC                CRISIL A3      350     Reaffirmed
Amoli Organics Pvt Ltd                  BG                 CRISIL A3      9       Reaffirmed
Amoli Organics Pvt Ltd                  Cash Management    CRISIL A3      10      Reaffirmed
                                        Service
Amoli Organics Pvt Ltd                  Composite WC Limit CRISIL A3      95      Reaffirmed
Amoli Organics Pvt Ltd                  Derivatives Fac    CRISIL A3      40.6    Reaffirmed
Amoli Organics Pvt Ltd                  LOC                CRISIL A3      112     Reaffirmed
Amoli Organics Pvt Ltd                  Proposed ST Bk     CRISIL A3      70      Reaffirmed
                                        Loan Fac
Arora Fibres Ltd                        BG                 CRISIL A4      6       Reaffirmed
Bhasin and Company                      BG#                CRISIL A4      50      Reaffirmed
# interchangaebility with letter of credit
Blue Water Foods and Exports Pvt Ltd    Packing Credit     CRISIL A4+     660     Assigned
Fairdeal Filaments Ltd                  BG                 CRISIL A3      5       Assigned
Global Foods                            Packing Credit     CRISIL A4      200     Reaffirmed
H.K. Enterprises                        LOC                CRISIL A3      1030    Reaffirmed
Hyson Logistics and Marine Exports Pvt  BG                 CRISIL A4+     5.7     Reaffirmed
Ltd
Hyson Logistics and Marine Exports Pvt  Foreign Bill       CRISIL A4+     80      Reaffirmed
Ltd                                     Negotiation
J.P. Logistics                          LOC Bill           CRISIL A4      50      Assigned
                                        Discounting
K K P Hi Tech Weaving India Pvt Ltd     LOC                CRISIL A3      20      Upgraded from
                                                                                  CRISIL A4+
K K P Textiles Ltd                      BG                 CRISIL A3      5       Upgraded from
                                                                                  CRISIL A4+
K K P Textiles Ltd                      Foreign Demand     CRISIL A3      87.9    Upgraded from
                                        Bill Purchase                             CRISIL A4+
K K P Textiles Ltd                      LOC                CRISIL A3      100     Upgraded from
                                                                                  CRISIL A4+
K K P Weaving and Processing Mills Ltd  BG                 CRISIL A3      2.5     Upgraded from
                                                                                  CRISIL A4+
K K P Weaving and Processing Mills Ltd  Foreign LOC        CRISIL A3      30.6    Upgraded from
                                                                                  CRISIL A4+
LMD Educational and Research Foundation Overdraft Fac      CRISIL A4+     20      Reassigned
Maxwell                                 LOC                CRISIL A4      130     Reaffirmed
Mehul Construction Company Pvt Ltd      BG                 CRISIL A4+     450     Reaffirmed
Mehul Construction Company Pvt Ltd      LOC                CRISIL A4+     5       Reaffirmed
Metal Craft Engineering Pvt Ltd         BG                 CRISIL A4+     0.5     Reaffirmed
Neva Garments Ltd                       BG                 CRISIL A3+     33      Reaffirmed
Neva Garments Ltd                       LOC                CRISIL A3+     60      Reaffirmed
Pace Power Systems Pvt Ltd              BG                 CRISIL A3+     270     Reaffirmed
Pace Power Systems Pvt Ltd              LOC                CRISIL A3+     50      Reaffirmed
Pace Power Systems Pvt Ltd              Proposed BG        CRISIL A3+     756.1   Reaffirmed
Pace Power Systems Pvt Ltd              Proposed LOC       CRISIL A3+     200     Reaffirmed
Prasanthi Cashew Company                Foreign Bill       CRISIL A4      50      Reaffirmed
                                        Purchase
Prasanthi Cashew Company                Packing Credit     CRISIL A4      450     Reaffirmed
Prasanthi Cashew Pvt Ltd                Bill Discounting   CRISIL A4      40      Reaffirmed
R S Paper                               Packing Credit in  CRISIL A4      30      Assigned
                                        Foreign Currency
Reitzel India Pvt Ltd                   BG                 CRISIL A3      2.5     Reaffirmed
Reitzel India Pvt Ltd                   Export Packing     CRISIL A3      120     Reaffirmed
                                        Credit
Reitzel India Pvt Ltd                   Foreign Bill       CRISIL A3      50      Reaffirmed
                                        Discounting
Reitzel India Pvt Ltd                   LOC                CRISIL A3      67.5    Reaffirmed
Safechem Industries                     LOC                CRISIL A3+     30      Assigned
Shantinath Detergents Pvt Ltd           LOC                CRISIL A3+     145     Assigned
Sonai Constructions Pvt Ltd             BG                 CRISIL A4      15      Reaffirmed
Surya Industries                        BG                 CRISIL A4      0.2     Reaffirmed
Talreja Textiles Industries Pvt Ltd     Export Packing     CRISIL A4      15      Reaffirmed
                                        Credit
Talreja Textiles Industries Pvt Ltd     Import LOC Limit   CRISIL A4      12.5    Reaffirmed
TV Today Network Ltd                    CP                 CRISIL A1+     150     Withdrawal
TV Today Network Ltd                    LOC**              CRISIL A1+     70      Reaffirmed
**Interchangeable with bank guarantee
Vinayaka Cashew Company                 Proposed ST Bk     CRISIL A4      40      Reaffirmed
                                        Loan Fac
Vizag Exports                           Export Packing     CRISIL A4      120     Reaffirmed
                                        Credit

LONG TERM RATINGS:
-------------------
Ambica Jute Mills Ltd                   CC                 CRISIL BBB     350     Reaffirmed
Ambica Jute Mills Ltd                   Proposed LT Bk     CRISIL BBB     10      Reaffirmed
                                        Loan Fac
Ameet Enterprises                       CC                 CRISIL BBB-    100     Reaffirmed
Amoli Organics Pvt Ltd                  CC                 CRISIL BBB-    529     Reaffirmed
Amoli Organics Pvt Ltd                  Proposed LT Bk     CRISIL BBB-    11.4    Reaffirmed
                                        Loan Fac
Amoli Organics Pvt Ltd                  TL                 CRISIL BBB-    163     Assigned
Apollo Enterprises                      Rupee TL           CRISIL C       65      Assigned
Apollo Enterprises                      CC                 CRISIL C       25      Assigned

Apollo Enterprises                      CC/ Overdraft Fac  CRISIL C       10      Assigned
Arora Fibres Ltd                        CC                 CRISIL C       75      Downgraded
                                                                                  from CRISIL B
Arora Fibres Ltd                        Proposed LT Bk     CRISIL C       19      Downgraded
                                        Loan Fac                                  from CRISIL B
Bhasin and Company                      Overdraft Fac*     CRISIL B+      80      Reaffirmed
* long term facility
Bhasin and Company                      Proposed LT Bk     CRISIL B+      50.3    Reaffirmed
                                        Loan Fac
Bhasin and Company                      TL                 CRISIL B+      9.7     Reaffirmed
Blue Water Foods and Exports Pvt Ltd    Foreign Bill       CRISIL BB+     560     Reaffirmed
                                        Purchase
Blue Water Foods and Exports Pvt Ltd    LT Loan            CRISIL BB+     40      Reaffirmed
Bush Tea Co Pvt Ltd                     CC                 CRISIL B       200     Reaffirmed
Denzong Albrew Pvt Ltd                  CC                 CRISIL B-      10      Reaffirmed
Denzong Albrew Pvt Ltd                  TL                 CRISIL B-      170     Reaffirmed
Dhanera Diamonds                        Export Packing     CRISIL BBB-    136     Reaffirmed
                                        Credit
Dhanera Diamonds                        Packing Credit     CRISIL BBB-    50      Reaffirmed
Dhanera Diamonds                        Post Shipment      CRISIL BBB-    100     Reaffirmed
                                        Credit*
*Includes sublimit of Export Packing credit of Rs. 50 million
Dhanera Diamonds                        Post Shipment      CRISIL BBB-    750     Reaffirmed
                                        Credit
Dhanera Diamonds                        Proposed LT Bk     CRISIL BBB-    44      Reaffirmed
                                        Loan Fac
Fairdeal Filaments Ltd                  TL                 CRISIL BBB-    70.6    Assigned
Fairdeal Filaments Ltd                  Proposed LT Bk     CRISIL BBB-    10      Assigned
                                        Loan Fac
Fairdeal Filaments Ltd                  CC                 CRISIL BBB-    250     Assigned
Ganga Knit Pvt Ltd                      CC                 CRISIL BB-     140     Assigned;
                                                                                  Suspension
                                                                                  Revoked
GVR Nutries Pvt Ltd                     CC                 CRISIL BB+     80      Assigned
GVR Nutries Pvt Ltd                     TL                 CRISIL BB+     50      Assigned
H.K. Enterprises                        CC                 CRISIL BBB-    20      Reaffirmed
Hyson Logistics and Marine Exports Pvt  Export Packing     CRISIL BB-     70      Reaffirmed
Ltd                                     Credit
Hyson Logistics and Marine Exports Pvt  Proposed LT Bk     CRISIL BB-     2.8     Assigned
Ltd                                     Loan Fac
Hyson Logistics and Marine Exports Pvt  LT Loan            CRISIL BB-     111.5   Assigned
Ltd
J. M. Feed Mills Pvt Ltd                CC                 CRISIL D       98      Downgraded
                                                                                  from CRISIL B+
J.P. Logistics                          CC                 CRISIL B-      50      Assigned
K K P Hi Tech Weaving India Pvt Ltd     CC                 CRISIL BBB-    95      Upgraded from
                                                                                  CRISIL BB+
K K P Hi Tech Weaving India Pvt Ltd     LT Loan            CRISIL BBB-    39.3    Upgraded from
                                                                                  CRISIL BB+
K K P Hi Tech Weaving India Pvt Ltd     Proposed LT Bk     CRISIL BBB-    69.1    Upgraded from
                                        Loan Fac                                  CRISIL BB+
K K P Textiles Ltd                      CC                 CRISIL BBB-    450     Upgraded from
                                                                                  CRISIL BB+
K K P Textiles Ltd                      Export Packing     CRISIL BBB-    95      Upgraded from
                                        Credit                                    CRISIL BB+
K K P Textiles Ltd                      LT Loan            CRISIL BBB-    141.8   Upgraded from
                                                                                  CRISIL A4+
K K P Textiles Ltd                      Standby Line of    CRISIL BBB-    25      Upgraded from
                                        Credit                                    CRISIL A4+
K K P Weaving and Processing Mills Ltd  CC                 CRISIL BBB-    164.5   Upgraded from
                                                                                  CRISIL BB+
K K P Weaving and Processing Mills Ltd  Proposed LT Bk     CRISIL BBB-    71.7    Upgraded from
                                        Loan Fac                                  CRISIL BB+
K K P Weaving and Processing Mills Ltd  TL                 CRISIL BBB-    98.5    Upgraded from
                                                                                  CRISIL BB+
K R Rubberite Ltd                       CC                 CRISIL BBB     80      Upgraded from
                                                                                  CRISIL BBB-
K R Rubberite Ltd                       Proposed LT Bk     CRISIL BBB     100     Upgraded from
                                        Loan Fac                                  CRISIL BBB-
K R Rubberite Ltd                       TL                 CRISIL BBB     20      Upgraded from
                                                                                  CRISIL BBB-
Kairali Exports                         Packing Credit     CRISIL B       120     Upgraded from
                                                                                  CRISIL B-
Kairali Exports                         Proposed LT Bk     CRISIL B       210     Upgraded from
                                        Loan Fac                                  CRISIL B-
Livewel Aviation Services Pvt Ltd       CC                 CRISIL BB+     420     Withdrawal
Livewel Aviation Services Pvt Ltd       TL                 CRISIL BB+     100     Suspended
LMD Educational and Research Foundation TL                 CRISIL BB      182.7   Reaffirmed
Manikeswari Gems Pvt Ltd                CC                 CRISIL B+      100     Assigned
Maxwell                                 CC                 CRISIL B-      45      Reaffirmed
Mehul Construction Company Pvt Ltd      Overdraft Fac      CRISIL BB+     240     Reaffirmed
Metal Craft Engineering Pvt Ltd         CC                 CRISIL BB-     99.5    Reaffirmed
Neva Garments Ltd                       CC                 CRISIL BBB     290     Reaffirmed
Neva Garments Ltd                       Standby Line of    CRISIL BBB     27      Reaffirmed
                                        Credit
Neva Garments Ltd                       TL                 CRISIL BBB     40      Reaffirmed
Pace Power Systems Pvt Ltd              CC                 CRISIL BBB     350     Reaffirmed
Pace Power Systems Pvt Ltd              Proposed CC Limit  CRISIL BBB     250     Reaffirmed
Pace Power Systems Pvt Ltd              Proposed LT Bk     CRISIL BBB     12.8    Reaffirmed
                                        Loan Fac
Pace Power Systems Pvt Ltd              TL                 CRISIL BBB     111.1   Reaffirmed
Power Max India Pvt Ltd                 CC                 CRISIL C       130     Reaffirmed
Power Max India Pvt Ltd                 WC Demand Loan     CRISIL C       70      Reaffirmed
Prasanthi Cashew Company                Packing Credit     CRISIL B       300     Upgraded from
                                                                                  CRISIL B-
Prasanthi Cashew Pvt Ltd                Packing Credit     CRISIL B       300     Upgraded from
                                                                                  CRISIL B-
R S Paper                               TL                 CRISIL B       44      Assigned
R S Paper                               CC                 CRISIL B       16      Assigned
Redhu Farms Pvt Ltd                     CC                 CRISIL D       210     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Redhu Farms Pvt Ltd                     TL                 CRISIL D       26.9    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Redhu Hatcheries Pvt Ltd                CC                 CRISIL D       248     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Redhu Hatcheries Pvt Ltd                TL                 CRISIL D       107.6   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Reitzel India Pvt Ltd                   LT Loan            CRISIL BBB-    9.3     Reaffirmed
Reitzel India Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    29.3    Reaffirmed
                                        Loan Fac
Safechem Industries                     Proposed LT Bk     CRISIL BBB     55      Assigned
                                        Loan Fac
Safechem Industries                     CC                 CRISIL BBB     200     Assigned
Shakti Cot Fibers                       CC                 CRISIL B+      60      Upgraded from
                                                                                  CRISIL B
Shakti Cot Fibers                       TL                 CRISIL B+      22.5    Upgraded from
                                                                                  CRISIL B
Shantinath Detergents Pvt Ltd           Proposed LT Bk     CRISIL BBB     35      Assigned
                                        Loan Fac
Shantinath Detergents Pvt Ltd           CC                 CRISIL BBB     223.4   Assigned
Shiv Mahima Milk Products Pvt Ltd       LT Loan            CRISIL B       70      Assigned
Shiv Mahima Milk Products Pvt Ltd       Proposed LT Bk     CRISIL B       56      Assigned
                                        Loan Fac
Shree Maheshwar Hydel Power Corporation OFCDs -            CRISIL AAA (SO)4000    Reaffirmed
Ltd
Sonai Constructions Pvt Ltd             CC                 CRISIL B       120     Downgraded
                                                                                  from CRISIL B+
Surya Industries                        CC                 CRISIL B       140     Reaffirmed
Surya Industries                        Proposed LT Bk     CRISIL B       65.8    Reaffirmed
                                        Loan Fac
Surya Industries                        TL                 CRISIL B       4       Reaffirmed
Talreja Textiles Industries Pvt Ltd     CC                 CRISIL B       30      Reaffirmed
Talreja Textiles Industries Pvt Ltd     LT Loan            CRISIL B       1.8     Reaffirmed
Talreja Textiles Industries Pvt Ltd     Proposed CC Limit  CRISIL B       15      Reaffirmed
Talreja Textiles Industries Pvt Ltd     Proposed LT Bk     CRISIL B       5.7     Reaffirmed
                                        Loan Fac
TV Today Network Ltd                    NCD                CRISIL AA-     100     Withdrawal
TV Today Network Ltd                    CC                 CRISIL AA-     170     Reaffirmed
TV Today Network Ltd                    CC*                CRISIL AA-     300     Reaffirmed
*Interchangeable with letter of credit, bank guarantee, and working capital demand loan
TV Today Network Ltd                    Proposed WC Fac    CRISIL AA-     210     Reaffirmed
U. K. Paper Converters Pvt Ltd          CC                 CRISIL B-      50      Assigned
Vaishnodevi Oil Seeds Processing        CC                 CRISIL B+      85      Reaffirmed
Industries
Vaishnodevi Oil Seeds Processing        Proposed LT Bk     CRISIL B+      15      Reaffirmed
Industries                              Loan Fac
Vaishnodevi Refoils and Solvex          CC                 CRISIL BB-     145     Reaffirmed
Vaishnodevi Refoils and Solvex          Proposed LT Bk     CRISIL BB-     66      Reaffirmed
                                        Loan Fac
Vaishnodevi Refoils and Solvex          TL                 CRISIL BB-     39      Reaffirmed
Vinayaka Cashew Company                 Packing Credit     CRISIL B-      120     Reaffirmed
Vizag Exports                           Proposed LT Bk     CRISIL B-      75      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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