May 26, 2016 / 5:51 AM / a year ago

CRISIL ratings for Indian debt instruments-May 26

May 26 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 25, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alfa Laval India Ltd                    BG                 CRISIL A1+     2695.5  Reaffirmed
Alpex Exports Pvt Ltd                   BG                 CRISIL A4+     20      Reaffirmed
Alpex Exports Pvt Ltd                   LOC                CRISIL A4+     265     Reaffirmed
BVSR PAM Road Projects Pvt Ltd          BG                 CRISIL A2      10      Reaffirmed
BVSR PRP Road Projects Pvt Ltd          BG                 CRISIL A3+     14      Reaffirmed
Concord Construction                    BG                 CRISIL A4      150     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
DLF Ltd                                 BG                 CRISIL A2+     8602.3  Reaffirmed
DLF Ltd                                 LOC                CRISIL A2+     8100    Reaffirmed
DLF Ltd                                 ST Loan            CRISIL A2+     18450   Reaffirmed
Duflon Industries Pvt Ltd               BG                 CRISIL A4      3.5     Upgraded from
                                                                                  CRISIL A4+
Duflon Industries Pvt Ltd               LOC                CRISIL A4      70      Upgraded from
                                                                                  CRISIL A4+
Everplus Plastics Pvt Ltd               LOC                CRISIL A4      2.5     Suspended
Kalyan Aqua and Marine Exports India    BG                 CRISIL A4+     3.4     Upgraded from
Pvt Ltd                                                                           CRISIL A4'
Kalyan Aqua and Marine Exports India    Foreign Bill       CRISIL A4+     300     Upgraded from
Pvt Ltd                                 Discounting                               CRISIL A4'
Kalyan Aqua and Marine Exports India    LOC                CRISIL A4+     25      Upgraded from
Pvt Ltd                                                                           CRISIL A4'
Kalyan Aqua and Marine Exports India    Packing Credit     CRISIL A4+     150     Upgraded from
Pvt Ltd                                                                           CRISIL A4'
KUN Motoren Pvt Ltd                     BG                 CRISIL A4+     40.5    Assigned
Nashik Forge Pvt Ltd                    BG                 CRISIL A4      25      Suspended
Phaloudi Constructions and              BG                 CRISIL A4+     160     Assigned
Infrastructure Pvt Ltd
Roofs and Ceilings (India) Pvt Ltd      LOC                CRISIL A4+     100     Assigned
Roofs and Ceilings (India) Pvt Ltd      BG                 CRISIL A4+     100     Assigned
Roopa Industries Ltd                    BG                 CRISIL A4+     2       Reaffirmed
Roopa Industries Ltd                    Bill Discounting   CRISIL A4+     60      Reaffirmed
Roopa Industries Ltd                    LOC                CRISIL A4+     25      Reaffirmed
Shree Nathjee Roller Flour Mills Ltd    ST Loan            CRISIL         500     Reaffirmed
                                                           A2(Notice of
                                                           Withdrawal)
Sleek Knitwears                         LOC                CRISIL A4+     10      Reaffirmed
SN Enviro - Tech Pvt Ltd                BG                 CRISIL A3+     820     Reaffirmed
Sourz Foods India Pvt Ltd               Bill Discounting   CRISIL A4      15      Suspended
Sourz Foods India Pvt Ltd               Packing Credit     CRISIL A4      35      Suspended
Sourz Foods India Pvt Ltd               Proposed ST Bk     CRISIL A4      50      Suspended
                                        Loan Fac
Spectoms Engineering Pvt Ltd            BG                 CRISIL A4      46.5    Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
Spectoms Engineering Pvt Ltd            Bill Purchase      CRISIL A4      2       Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
Spectoms Engineering Pvt Ltd            LOC                CRISIL A4      20      Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
SRG Apparels Pvt Ltd                    BG                 CRISIL A3+     8       Reaffirmed
SRG Apparels Pvt Ltd                    Export Packing     CRISIL A3+     300     Reaffirmed
                                        Credit
SRG Apparels Pvt Ltd                    Post Shipment      CRISIL A3+     100     Reaffirmed
                                        Credit
Sunray Tiles Pvt Ltd                    BG                 CRISIL A4+     20      Reaffirmed
SVA Syntex Pvt Ltd                      BG                 CRISIL A4+     0.3     Reaffirmed
SVA Syntex Pvt Ltd                      LOC                CRISIL A4+     20      Reaffirmed
Tamil Nadu Newsprint and Papers Ltd     ST Debt (Including CRISIL A1      500     Withdrawn
                                        CP)
Tamil Nadu Newsprint and Papers Ltd     CP                 Provisional    500     Assigned
                                                           CRISIL A1+(SO)
Texmo Industries                        LOC & BG           CRISIL A1+     70      Reaffirmed
Tranter India Pvt Ltd                   LOC & BG           CRISIL A1+(SO) 300     Reaffirmed
Veera Techno Trec Pvt Ltd               BG*                CRISIL A4      135     Reaffirmed
*includes sub limit of letter of credit of Rs35 million
Vijaya Ferlloys                         Inland/Import LOC  CRISIL A4      5       Reaffirmed
VST Industries Ltd                      LOC & BG           CRISIL A1+     600     Reaffirmed

LONG TERM RATINGS:
-------------------
Aesthetic Gold Ornaments Pvt Ltd        CC                 CRISIL BBB-    50      Assigned
Alfa Laval India Ltd                    CC                 CRISIL AA+     277.1   Reaffirmed
Alpex Exports Pvt Ltd                   CC                 CRISIL BB      150     Reaffirmed
Asian Multiplexes Pvt Ltd               LT Loan            CRISIL BB      50      Reaffirmed
Asian Multiplexes Pvt Ltd               Overdraft Fac      CRISIL BB      25      Reaffirmed
Bellad and Company                      CC                 CRISIL BB      158     Reaffirmed
Bellad and Company                      LT Loan            CRISIL BB      40      Reaffirmed
Bellad Enterprises Pvt Ltd              CC                 CRISIL BB-     79      Reaffirmed
BVSR KP Road Projects Pvt Ltd           Proposed LT Bk     CRISIL BBB     333     Reaffirmed
                                        Loan Fac
BVSR KP Road Projects Pvt Ltd           TL                 CRISIL BBB     417     Reaffirmed
BVSR PAM Road Projects Pvt Ltd          LT Loan            CRISIL BBB+    106.4   Reaffirmed
BVSR PAM Road Projects Pvt Ltd          Proposed LT Bk     CRISIL BBB+    138.6   Reaffirmed
                                        Loan Fac

BVSR PRP Road Projects Pvt Ltd          LT Loan            CRISIL BBB     164.8   Reaffirmed
BVSR PRP Road Projects Pvt Ltd          Proposed LT Bk     CRISIL BBB     181.2   Reaffirmed
                                        Loan Fac
Capitol Hill Hotels Pvt Ltd             TL                 CRISIL D       450     Downgraded
                                                                                  from 'CRISIL
                                                                                  B-
Concord Construction                    CC                 CRISIL B+      60      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-/Stable')
Deluxe Cold Storage and Food Processors CC                 CRISIL BBB+    700     Reaffirmed
Ltd
Deluxe Cold Storage and Food Processors Proposed LT Bk     CRISIL BBB+    150     Reaffirmed
Ltd                                     Loan Fac
DLF Ltd                                 Overdraft Fac      CRISIL A       4150    Reaffirmed
DLF Ltd                                 Proposed LT Bk     CRISIL A       2189.1  Reaffirmed
                                        Loan Fac
DLF Ltd                                 TL                 CRISIL A       115807.3Reaffirmed
Duflon Industries Pvt Ltd               CC                 CRISIL B+      40      Upgraded from
                                                                                  CRISIL BB
Duflon Industries Pvt Ltd               Export Packing     CRISIL B+      275     Upgraded from
                                        Credit                                    CRISIL BB
Duflon Industries Pvt Ltd               Proposed LT Bk     CRISIL B+      204.2   Upgraded from
                                        Loan Fac                                  CRISIL BB
Duflon Industries Pvt Ltd               Standby LOC        CRISIL B+      25      Upgraded from
                                                                                  CRISIL BB
Duflon Industries Pvt Ltd               TL                 CRISIL B+      82.3    Upgraded from
                                                                                  CRISIL BB
Egwood Industries Pvt Ltd               LT Loan            CRISIL BBB-    179.1   Upgraded from
                                                                                  CRISIL BB+
Egwood Industries Pvt Ltd               Proposed LT Bk     CRISIL BBB-    0.9     Upgraded from
                                        Loan Fac                                  CRISIL BB+
Eminent Jewel Arcade Pvt Ltd            CC                 CRISIL BB+     69.5    Assigned
ESS Ell Cables Company                  CC*                CRISIL B       100     Assigned
* Interchangeable with non-fund-based facilities
Everplus Plastics Pvt Ltd               CC*                CRISIL B       27.5    Suspended
*Includes Sub-limit of Rs. 10 million of Working Capital Demand Loan
Everplus Plastics Pvt Ltd               Proposed LT Bk     CRISIL B       16.3    Suspended
                                        Loan Fac
Everplus Plastics Pvt Ltd               TL                 CRISIL B       28.7    Suspended
Gagan Pulses Pvt Ltd                    CC                 CRISIL BBB+    600     Reaffirmed
Ganpati Foods - Fazilka                 CC                 CRISIL B       50      Assigned
Ganpati Foods - Fazilka                 Warehouse Receipts CRISIL B       20      Assigned
ICICI Prudential Money Market Fund      Money Market Fund  CRISIL AAAmfs  -       Reaffirmed
Indra Power Gen. Pvt Ltd                CC                 CRISIL D       40      Suspended
Indra Power Gen. Pvt Ltd                Proposed LT Bk     CRISIL D       70.5    Suspended
                                        Loan Fac
Indra Power Gen. Pvt Ltd                TL                 CRISIL D       129.5   Suspended
JKC General Trading Co.                 Buyer Credit Limit CRISIL BB      100     Reaffirmed
JKC General Trading Co.                 CC                 CRISIL BB      50      Reaffirmed
JKC General Trading Co.                 Warehouse Receipts CRISIL BB      150     Reaffirmed
Kalyan Aqua and Marine Exports India    Proposed LT Bk     CRISIL BB-     21.5    Upgraded from
Pvt Ltd                                 Loan Fac                                  CRISIL
                                                                                  B+
Kalyan Aqua and Marine Exports India    Standby LOC        CRISIL BB-     25      Upgraded from
Pvt Ltd                                                                           CRISIL
                                                                                  B+
Kalyan Aqua and Marine Exports India    TL                 CRISIL BB-     58.3    Upgraded from
Pvt Ltd                                                                           CRISIL
                                                                                  B+
KUN Motoren Pvt Ltd                     CC/ Overdraft Fac  CRISIL BB      50      Assigned
Mangal Pulses Pvt Ltd                   CC                 CRISIL BBB+    495     Reaffirmed
Musaddilal Projects Ltd                 LT Loan            CRISIL BBB-    510     Assigned
Musaddilal Projects Ltd                 Proposed LT Bk     CRISIL BBB-    60      Assigned
                                        Loan Fac
Muthu Silk House                        CC                 CRISIL B+      60      Reaffirmed
Muthu Silk House                        Proposed CC Limit  CRISIL B+      5       Reaffirmed
Nashik Forge Pvt Ltd                    CC                 CRISIL B       50      Suspended
Nashik Forge Pvt Ltd                    TL                 CRISIL B       25      Suspended
Phaloudi Constructions and              CC                 CRISIL BB+     30      Assigned
Infrastructure Pvt Ltd
Premier Cryogenics Ltd                  CC                 CRISIL BBB     30      Upgraded from
                                                                                  CRISIL BBB-
Premier Cryogenics Ltd                  Proposed LT Bk     CRISIL BBB     125     Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Priniti Foods Pvt Ltd                   CC                 CRISIL B       20      Downgraded
                                                                                  from 
                                                                                  CRISIL B+
Priniti Foods Pvt Ltd                   TL                 CRISIL B       107.5   Downgraded
                                                                                  from 
                                                                                  CRISIL B+
Roofs and Ceilings (India) Pvt Ltd      CC                 CRISIL BB-     20      Assigned
Roopa Industries Ltd                    CC                 CRISIL BB-     32.5    Reaffirmed
Roopa Industries Ltd                    LT Loan            CRISIL BB-     8       Reaffirmed
Roopa Industries Ltd                    Proposed LT Bk     CRISIL BB-     8       Reaffirmed
                                        Loan Fac
Roopa Industries Ltd                    SME Credit         CRISIL BB-     2.5     Reaffirmed
Roopa Industries Ltd                    TL                 CRISIL BB-     2       Reaffirmed
S.V. Motors                             LT Loan            CRISIL B+      2       Assigned
S.V. Motors                             Open CC            CRISIL B+      63      Assigned
Salasar Balaji Real Infra               TL                 CRISIL B-      50      Assigned
Sargodha Oil Mills Pvt Ltd              CC                 CRISIL BBB+    600     Reaffirmed
SB Motor Corp                           CC                 CRISIL BB-     110     Reaffirmed
SBI                                     SBI Premier Liquid CRISIL AAAmfs  -       Reaffirmed
                                        Fund
SBI                                     SBI Magnum         CRISIL AAAmfs  -       Reaffirmed
                                        InstaCash Fund
SBI Magnum InstaCash Fund and SBI       SBI Premier Liquid CRISIL AAAmfs  -       Reaffirmed
Premier Liquid Fund                     Fund
SBI Magnum InstaCash Fund and SBI       SBI Magnum         CRISIL AAAmfs  -       Reaffirmed
Premier Liquid Fund                     InstaCash Fund
Sheen Golden Jewels (india) Pvt Ltd     CC                 CRISIL BB+     50      Assigned
Shree Bankey Behari Exports Ltd         CC                 CRISIL BBB+    4900    Reaffirmed
Shree Bankey Behari Exports Ltd         Proposed CC Limit  CRISIL BBB+    1100    Reaffirmed
Shree Bankey Behari Food Processors Pvt CC                 CRISIL BBB+    400     Reaffirmed
Ltd
Shree Nathjee Roller Flour Mills Ltd    CC                 CRISIL BBB+    500     Reaffirmed
Shreemukh Builders Pvt Ltd              Secured Overdraft  CRISIL BB      300     Upgraded from
                                        Fac                                       CRISIL BB-
Shreemukh Infra Projects Pvt Ltd        Secured Overdraft  CRISIL B+      180     Reaffirmed
                                        Fac
Siyaram Impex Pvt Ltd                   CC                 CRISIL B-      80      Downgraded
                                                                                  from 'CRISIL
                                                                                  B
Siyaram Impex Pvt Ltd                   Proposed LT Bk     CRISIL B-      9.1     Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  B
Sleek Knitwears                         Overdraft Fac      CRISIL BB-     425     Reaffirmed
Sleek Knitwears                         TL                 CRISIL BB-     25      Reaffirmed
SN Enviro - Tech Pvt Ltd                CC                 CRISIL BBB     60      Reaffirmed
Spectoms Engineering Pvt Ltd            CC                 CRISIL B+      16      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-
Spectoms Engineering Pvt Ltd            Proposed LT Bk     CRISIL B+      20.5    Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  BB-
Spectoms Engineering Pvt Ltd            TL                 CRISIL B+      5       Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-
SRG Apparels Pvt Ltd                    Buyer Credit Limit CRISIL BBB     85      Reaffirmed
SRG Apparels Pvt Ltd                    LT Loan            CRISIL BBB     67      Reaffirmed
SRG Apparels Pvt Ltd                    Proposed LT Bk     CRISIL BBB     75      Reaffirmed
                                        Loan Fac
Sumo Biscuits Pvt Ltd                   CC                 CRISIL B+      72.5    Assigned
Sumo Biscuits Pvt Ltd                   TL                 CRISIL B+      148.5   Assigned
Sunray Tiles Pvt Ltd                    CC                 CRISIL BB-     60      Reaffirmed
Sunray Tiles Pvt Ltd                    Proposed LT Bk     CRISIL BB-     70      Reaffirmed
                                        Loan Fac
SVA Syntex Pvt Ltd                      CC                 CRISIL BB+     20      Upgraded from
                                                                                  CRISIL
                                                                                  BB
SVA Syntex Pvt Ltd                      Proposed LT Bk     CRISIL BB+     59.7    Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB
Telu Ram Amar Chand & Company           CC                 CRISIL BBB+    350     Reaffirmed
Texmo Industries                        CC                 CRISIL A+      650     Reaffirmed
Texmo Industries                        Proposed TL        CRISIL A+      850     Reaffirmed
TGI Packaging Pvt Ltd                   CC                 CRISIL BB      160     Upgraded from
                                                                                  CRISIL B+
TGI Packaging Pvt Ltd                   LT Loan            CRISIL BB      15      Upgraded from
                                                                                  CRISIL B+
TGI Packaging Pvt Ltd                   Proposed CC Limit  CRISIL BB      35.5    Upgraded from
                                                                                  CRISIL B+
Tranter India Pvt Ltd                   Export Packing     CRISIL AA(SO)  200     Reaffirmed
                                        Credit
Tranter India Pvt Ltd                   WC Demand Loan     CRISIL AA(SO)  207     Reaffirmed
Ukay Luggage India Pvt Ltd              CC                 CRISIL BB-     60      Reaffirmed
Ukay Luggage India Pvt Ltd              TL                 CRISIL BB-     30      Reaffirmed
Veera Techno Trec Pvt Ltd               CC                 CRISIL B       50      Reaffirmed
Vijaya Ferlloys                         CC                 CRISIL B       55      Downgraded
                                                                                  from 'CRISIL
                                                                                  B+
Vijaya Ferlloys                         Proposed CC Limit  CRISIL B       15      Downgraded
                                                                                  from 'CRISIL
                                                                                  B+
--------------------------------------------------------------------------------------------
$: 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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