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CRISIL ratings for Indian debt instruments-Nov 16
November 16, 2015 / 5:33 AM / 2 years ago

CRISIL ratings for Indian debt instruments-Nov 16

Nov 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 13 & 14, 2015.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anuj Global Corporation                 LOC                CRISIL A4      40      Assigned
Biswapita Cold Storage Pvt Ltd          BG                 CRISIL A4      1.4     Assigned
Calibre Chemicals Pvt Ltd               LOC & BG           CRISIL A2+     265     Reaffirmed
Eastern Copper Manufacturing Company    BG                 CRISIL A4      20      Reaffirmed
Pvt Ltd
Eastern Copper Manufacturing Company    Foreign            CRISIL A4      20      Reaffirmed
Pvt Ltd                                 Discounting Bill
                                        Purchase
Eastern Copper Manufacturing Company    LOC                CRISIL A4      60      Reaffirmed
Pvt Ltd
Hallmark Aquaequipment Pvt Ltd          BG                 CRISIL A4      10      Assigned
Hallmark Aquaequipment Pvt Ltd          LOC                CRISIL A4      20      Assigned
Hallmark Aquaequipment Pvt Ltd          Proposed ST Bk     CRISIL A4      1.1     Assigned
                                        Loan Fac
Indian Overseas Bank                    CDs Programme      CRISIL A1+             Reaffirmed
Jindal Steel and Power Ltd              LOC                CRISIL A2+     38000   Downgraded
                                                                                  from CRISIL A1
Jindal Steel and Power Ltd              Proposed LOC       CRISIL A2+     33492.4 Downgraded
                                                                                  from CRISIL A1
Jindal Steel and Power Ltd              Proposed ST Bk     CRISIL A2+     25000   Downgraded
                                        Loan Fac                                  from CRISIL A1
Jindal Steel and Power Ltd              CP                 CRISIL A2+     41500   Downgraded
                                                                                  from CRISIL A1
Maverick Holdings and Investments Pvt   BG                 CRISIL A4+     196.8   Reaffirmed
Ltd
R.S.Concast Ltd                         LOC & BG           CRISIL A4+     20      Notice of
                                                                                  Withdrawal
Rayon Textile India Pvt Ltd             LOC                CRISIL A4      15      Reaffirmed
Sambandam Siva Textiles Pvt Ltd         BG                 CRISIL A4      25      Reaffirmed
Sambandam Siva Textiles Pvt Ltd         LOC                CRISIL A4      43.5    Reaffirmed
Scan Energy and Power Ltd               LOC                CRISIL D       70      Downgraded
                                                                                  from CRISIL A4
Solas Fire Safety Equipment Pvt Ltd     BG                 CRISIL A4      25      Reaffirmed
TeeKnits                                Foreign Bill       CRISIL A4      54      Reaffirmed
                                        Negotiation
TeeKnits                                Packing Credit     CRISIL A4      20      Reaffirmed
Truvolt Engineering Company Pvt Ltd     BG                 CRISIL A4      50      Notice of
                                                                                  Withdrawal
Truvolt Engineering Company Pvt Ltd     LOC                CRISIL A4      50      Notice of
                                                                                  Withdrawal
MEDIUM TERM RATINGS:
-------------------
Indian Overseas Bank                    FD Programme       FAA+           2000000 Downgraded
                                                                                  from FAAA
LONG TERM RATINGS:
-------------------
Anuj Global Corporation                 CC                 CRISIL B       25      Assigned
Biswapita Cold Storage Pvt Ltd          CC                 CRISIL B       58      Assigned
Biswapita Cold Storage Pvt Ltd          Proposed LT Bk     CRISIL B       3.3     Assigned
                                        Loan Fac
Biswapita Cold Storage Pvt Ltd          TL                 CRISIL B       12.3    Assigned
Calibre Chemicals Pvt Ltd               CC*                CRISIL A-      435     Reaffirmed
*Fully interchangeable with cash credit/working capital demand loan (WCDL)/export
finance/buyer's' credit/letter of credit/bank guarantee
Calibre Chemicals Pvt Ltd               CC^                CRISIL A-      210     Reaffirmed
^Interchangeable with letter of credit and bank guarantee facilities to the extent of Rs.50
million.
Calibre Chemicals Pvt Ltd               Proposed LT Bk     CRISIL A-      12.5    Reaffirmed
                                        Loan Fac
Chennai Citi Centre Holdings Pvt Ltd    LT Loan            CRISIL D       900     Reaffirmed
Chennai Citi Centre Holdings Pvt Ltd    Proposed LT Bk     CRISIL D       80      Assigned
                                        Loan Fac
Durgashakti Foods Pvt Ltd               CC                 CRISIL B+      48      Upgraded from
                                                                                  CRISIL B
Durgashakti Foods Pvt Ltd               TL                 CRISIL B+      102     Upgraded from
                                                                                  CRISIL B
Eastern Copper Manufacturing Company    CC                 CRISIL C       38.8    Reaffirmed
Pvt Ltd
Eastern Copper Manufacturing Company    Proposed LT Bk     CRISIL C       10      Reaffirmed
Pvt Ltd                                 Loan Fac
Eastern Copper Manufacturing Company    WC TL              CRISIL C       101.2   Assigned
Pvt Ltd
Hallmark Aquaequipment Pvt Ltd          CC                 CRISIL B+      66      Assigned
Hallmark Aquaequipment Pvt Ltd          TL                 CRISIL B+      5.1     Assigned
Hentech Agrovet Pvt Ltd                 CC                 CRISIL BB-     72.2    Reaffirmed
Hentech Agrovet Pvt Ltd                 TL                 CRISIL BB-     45.5    Reaffirmed
Indian Overseas Bank                    Perpetual Tier-I   CRISIL A+      7800    Downgraded
                                        Bonds (Under Basel                        from CRISIL
                                        II)                                       AA-
Indian Overseas Bank                    Upper Tier-II      CRISIL A+      2632.3  Downgraded
                                        Bonds (Under Basel                        from CRISIL
                                        II)                                       AA-
Indian Overseas Bank                    Lower Tier-II      CRISIL AA-     25400   Downgraded
                                        Bonds (Under Basel                        from CRISIL
                                        II)                                       AA
Inox Renewables Ltd                     External           CRISIL A-      3602.2  Reaffirmed
                                        Commercial
                                        Borrowings*
*@Rs.48.8/USD
Inox Renewables Ltd                     LT Loan            CRISIL A-      1775    Reaffirmed
Jaika Motors Ltd                        CC                 CRISIL BB      350     Reaffirmed

Jindal Steel and Power Ltd              CC                 CRISIL A       36000   Downgraded
                                                                                  from CRISIL A+
Jindal Steel and Power Ltd              Proposed CC Limit  CRISIL A       5500    Downgraded
                                                                                  from CRISIL A+
Jindal Steel and Power Ltd              Proposed LT Bk     CRISIL A       43400   Downgraded
                                        Loan Fac                                  from CRISIL A+
Jindal Steel and Power Ltd              TL                 CRISIL A       144987.6Downgraded
                                                                                  from CRISIL A+
Jindal Steel and Power Ltd              NCD                CRISIL A       32120   Downgraded
                                                                                  from CRISIL A+
Kanishk Gold Pvt Ltd                    CC                 CRISIL A-      6700    Upgraded from
                                                                                  CRISIL BBB+
Kanishk Gold Pvt Ltd                    Proposed LT Bk     CRISIL A-      3745.8  Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Kanishk Gold Pvt Ltd                    TL                 CRISIL A-      54.2    Upgraded from
                                                                                  CRISIL BBB+
Mandke and Mandke Infrastructure Pvt LtdProposed TL        CRISIL B       1000    Reaffirmed
Maverick Holdings and Investments Pvt   Proposed LT Bk     CRISIL BB      128.3   Reaffirmed
Ltd                                     Loan Fac
Maverick Holdings and Investments Pvt   TL                 CRISIL BB      1200    Reaffirmed
Ltd
Nabalebar Charitable Trust              Funded Interest TL CRISIL D       8.5     Downgraded
                                                                                  from CRISIL B-
Nabalebar Charitable Trust              Proposed LT Bk     CRISIL D       11.5    Downgraded
                                        Loan Fac                                  from CRISIL B-
Nabalebar Charitable Trust              TL                 CRISIL D       110     Downgraded
                                                                                  from CRISIL B-
Nabalebar Charitable Trust              WC TL              CRISIL D       20      Downgraded
                                                                                  from CRISIL B-
Nagarjuna Steel Pvt Ltd                 CC                 CRISIL B       140     Reaffirmed
Pure Milk Products Pvt Ltd              CC                 CRISIL D       374.8   Downgraded
                                                                                  from CRISIL B
Pure Milk Products Pvt Ltd              Proposed LT Bk     CRISIL D       9.8     Downgraded
                                        Loan Fac                                  from CRISIL B
Pure Milk Products Pvt Ltd              TL                 CRISIL D       135.4   Downgraded
                                                                                  from CRISIL B
Pure Milk Products Pvt Ltd              WC Demand Loan     CRISIL D       110     Downgraded
                                                                                  from CRISIL B
R.S.Concast Ltd                         CC                 CRISIL BB+     10      Notice of
                                                                                  Withdrawal
R.S.Concast Ltd                         Proposed LT Bk     CRISIL BB+     90      Withdrawal
                                        Loan Fac
Rayon Textile India Pvt Ltd             CC                 CRISIL B+      50      Reaffirmed
Rayon Textile India Pvt Ltd             Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
Rayon Textile India Pvt Ltd             TL                 CRISIL B+      15      Reaffirmed
Sambandam Siva Textiles Pvt Ltd         CC                 CRISIL B+      98      Reaffirmed
Sambandam Siva Textiles Pvt Ltd         Corporate Loan     CRISIL B+      75      Reaffirmed
Sambandam Siva Textiles Pvt Ltd         Proposed LT Bk     CRISIL B+      35.4    Reaffirmed
                                        Loan Fac
Sambandam Siva Textiles Pvt Ltd         WC Demand Loan     CRISIL B+      64      Reaffirmed
Scan Energy and Power Ltd               CC                 CRISIL D       590     Downgraded
                                                                                  from CRISIL B
Scan Energy and Power Ltd               LT Loan            CRISIL D       808.3   Downgraded
                                                                                  from CRISIL B
Sheyn International School              LT Loan            CRISIL B-      72.5    Downgraded
                                                                                  from CRISIL B
Solas Fire Safety Equipment Pvt Ltd     CC                 CRISIL B+      45      Reaffirmed
Truvolt Engineering Company Pvt Ltd     CC                 CRISIL B+      50      Withdrawal
Truvolt Engineering Company Pvt Ltd     TL                 CRISIL B+      25      Withdrawal
--------------------------------------------------------------------------------------------
$: 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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