February 28, 2017 / 5:39 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Feb 28

   Feb 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 27, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A P Steel Re-Rolling Mill Ltd           BG                 CRISIL A4      5       Assigned
A P Steel Re-Rolling Mill Ltd           LOC                CRISIL A4      40      Assigned
Amit Auto Wheels Pvt Ltd                Inventory Funding  CRISIL A4      180     Reaffirmed
                                        Fac
Bakshi Security and Personnel Services  BG                 CRISIL A4+     30      Reaffirmed
Pvt Ltd
Calicut Landmark Builders and           Proposed ST Bk     CRISIL A4+     1       Reaffirmed
Developers India Pvt Ltd                Loan Fac
Charak Pharma Pvt Ltd                   BG                 CRISIL A2+     10      Reaffirmed
Datta Meghe Institute of Medical        BG                 CRISIL A4      160     Reaffirmed
Sciences
DPB Antibiotics                         LOC                CRISIL A4+     160     Reaffirmed
Emerging Infrastructure                 Overdraft          CRISIL A4+     40      Assigned
Finolex Cables Ltd                      LOC & BG           CRISIL A1+     2500    Reaffirmed
G. P. Timber                            LOC                CRISIL A4      70      Reaffirmed
GSM Plus India                          Packing Credit     CRISIL A4      60      Reaffirmed
Jaidhar Constructions                   BG                 CRISIL A4      8       Assigned
Krupa Chaton Manufacturing Company Pvt  LOC                CRISIL A4+     235     Reaffirmed
Ltd
Krupa Chaton Manufacturing Company Pvt  Proposed LT Bk     CRISIL A4+     701.8   Withdrawal
Ltd                                     Loan Fac
Mech Well Industries Ltd                BG                 CRISIL A4+     50      Reaffirmed
Makalu Trading Ltd                      LOC                CRISIL D       2350    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Mini Diamonds India Ltd                 Export Packing     CRISIL A4      60      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
N. S. Engineering Projects Pvt Ltd      BG                 CRISIL A4      55      Reaffirmed
N. S. Engineering Projects Pvt Ltd      Inland Guarantees  CRISIL A4      10      Reaffirmed
N. S. Engineering Projects Pvt Ltd      LOC                CRISIL A4      80      Reaffirmed
NIF Pvt Ltd                             BG                 CRISIL A2      50      Reaffirmed
NIF Pvt Ltd                             Proposed ST Bk     CRISIL A2      350     Reaffirmed
                                        Loan Fac
Orange City Alloys Pvt Ltd              LOC                CRISIL A4+     10      Reaffirmed
P. Murugesan                            BG                 CRISIL A4      30      Assigned
Parekh Petrochemicals                   LOC                CRISIL A4      100     Assigned
PCM Strescon Overseas Ventures Ltd      BG                 CRISIL A4      615     Reaffirmed
PCM Strescon Overseas Ventures Ltd      Letter Of GuaranteeCRISIL A4      256.5   Reaffirmed
PCM Strescon Overseas Ventures Ltd      LOC                CRISIL A4      218.5   Reaffirmed
PCM Strescon Overseas Ventures Ltd      Proposed BG        CRISIL A4      200     Reaffirmed
Picasso Home Products Pvt Ltd           Foreign LOC        CRISIL A4      20      Reassigned
Prolific Systems and Technologies Pvt   BG                 CRISIL A3      140     Reaffirmed
Ltd
Ruby Mica Co. Ltd                       BG                 CRISIL A4      5       Reaffirmed
Ruby Mica Co. Ltd                       Export Packing     CRISIL A4      19      Reaffirmed
                                        Credit
Ruby Mica Co. Ltd                       LOC                CRISIL A4      5       Reaffirmed
Ruby Mica Co. Ltd                       Post Shipment      CRISIL A4      6       Reaffirmed
                                        Credit
Sagar Cements Ltd                       BG                 CRISIL A4+     30      Placed on
                                                                                  Notice of
                                                                                  Withdrawal 
                                                                                  and Issuer 
                                                                                  Not
                                                                                  Cooperating
Sagar Cements Ltd                       LOC                CRISIL A4+     120     Placed on
                                                                                  Notice of
                                                                                  Withdrawal 
                                                                                  and Issuer 
                                                                                  Not 
                                                                                  Cooperating
Saumil Impex Pvt Ltd                    LOC                CRISIL A4      610     Revised from
                                                                                  CRISIL A4+ to
                                                                                  CRISIL D 
                                                                                  simultaneously
                                                                                  upgraded to 
                                                                                  CRISIL A4
Sigma Search Lights Ltd                 BG                 CRISIL A4+     12      Reaffirmed
Sigma Search Lights Ltd                 LOC                CRISIL A4+     7.5     Reaffirmed
Sonthalia Rice Mill                     BG                 CRISIL A4+     20      Reaffirmed
Sri Karpagam Mills India Pvt Ltd        LOC                CRISIL A4+     134.5   Reaffirmed
Sterling Agro Industries Ltd            LOC & BG           CRISIL A1      20      Reaffirmed
Sukhesh Marketing Pvt Ltd               LOC                CRISIL A4+     220     Assigned
Sumangal Petrochemicals Pvt Ltd         LOC                CRISIL A4+     100     Assigned
Sumangal Polymers                       LOC                CRISIL A4+     100     Assigned
Techno Electric and Engg Co Ltd         Non-FBL            CRISIL A1+     7600    Reaffirmed
Torque Pharmaceuticals Pvt Ltd          Bill Discounting   CRISIL A3+     57      Reaffirmed
Tria Industries LLP                     Packing Credit     CRISIL A4+     32.5    Reaffirmed
Vardhini Industries                     BG                 CRISIL A4      10      Assigned


LONG TERM RATINGS:
-------------------
A P Steel Re-Rolling Mill Ltd           CC                 CRISIL B       35      Assigned
A P Steel Re-Rolling Mill Ltd           Proposed LT Bk     CRISIL B       5       Assigned
                                        Loan Fac
Angayarkkanni Enterprises               CC                 CRISIL B+      15      Reaffirmed
Angayarkkanni Enterprises               WC TL              CRISIL B+      185     Reaffirmed
Bakshi Security and Personnel Services  Overdraft          CRISIL BB      30      Upgraded from
Pvt Ltd                                                                           CRISIL BB-
Bakshi Security and Personnel Services  Proposed LT Bk     CRISIL BB      20      Upgraded from
Pvt Ltd                                 Loan Fac                                  CRISIL BB-
Bhagabati Store                         CC                 CRISIL B+      125     Upgraded from
                                                                                  CRISIL D
Bhuvan Wheels Pvt Ltd                   CC                 CRISIL B-      60      Reaffirmed
Calicut Landmark Builders and           TL                 CRISIL BB      99      Reaffirmed
Developers India Pvt Ltd
Charak Pharma Pvt Ltd                   CC*                CRISIL A-      180     Reaffirmed

*Interchangeable with Working Capital Demand Loan
Datta Meghe Institute of Medical        CC                 CRISIL B       70      Reaffirmed
Sciences
Datta Meghe Institute of Medical        Loan Against       CRISIL B       50      Assigned
Sciences                                Property
Dhiren Diamonds                         Export Packing     CRISIL B+      160     Assigned
                                        Credit*
* 100% interchangeability with post shipment credit 
DPB Antibiotics                         CC                 CRISIL BB+     60      Reaffirmed
DPB Antibiotics                         Proposed LT Bk     CRISIL BB+     10      Reaffirmed
                                        Loan Fac
Emerging Infrastructure                 TL                 CRISIL BB-     4       Assigned
Emerging Infrastructure                 Proposed LT Bk     CRISIL BB-     36      Assigned
                                        Loan Fac
Exotic Realtors & Developers            Proposed LT Bk     CRISIL B+      2       Assigned
                                        Loan Fac
Exotic Realtors & Developers            TL                 CRISIL B+      73      Assigned
Fedora Sea Foods Pvt Ltd                CC                 CRISIL BB      150     Assigned
Fedora Sea Foods Pvt Ltd                LT Loan            CRISIL BB      150     Assigned
Finolex Cables Ltd                      CC*                CRISIL AA+     2000    Reaffirmed
*Interchangeable with overdraft facility, bill discounting, cheque discounting, packing credit,
and short-term loan 
Finolex Cables Ltd                      LT Bk Fac          CRISIL AA+     500     Reaffirmed
G. P. Timber                            CC                 CRISIL B       30      Reaffirmed
Ganga Roller Flour Mills Pvt Ltd        CC                 CRISIL BB+     80      Upgraded from
                                                                                  CRISIL BB
Ganga Roller Flour Mills Pvt Ltd        TL                 CRISIL BB+     90      Upgraded from
                                                                                  CRISIL BB
Goel Food Product                       CC                 CRISIL B+      50      Assigned
Goel Food Product                       Proposed LT Bk     CRISIL B+      10      Assigned
                                        Loan Fac
Goel Food Product                       TL                 CRISIL B+      40      Assigned
GSM Plus India                          Proposed LT Bk     CRISIL B+      55      Reaffirmed
                                        Loan Fac
GSM Plus India                          TL                 CRISIL B+      5       Reaffirmed
Jaidhar Constructions                   TL                 CRISIL B       40.3    Assigned
Jaidhar Constructions                   Proposed LT Bk     CRISIL B       10.7    Assigned
                                        Loan Fac
Jaidhar Constructions                   CC                 CRISIL B       41      Assigned
Jaika Motors Pvt Ltd                    CC                 CRISIL BB      350     Reaffirmed
K. Chandrakant and Co. International    Export Packing     CRISIL BBB-    252.2   Reaffirmed
Pvt Ltd                                 Credit
K. Chandrakant and Co. International    Export Packing     CRISIL BBB-    131     Reaffirmed
Pvt Ltd                                 Credit
K. Chandrakant and Co. International    Post Shipment      CRISIL BBB-    616.8   Reaffirmed
Pvt Ltd                                 Credit
Kakumanu Seeds                          Drop Line          CRISIL BB-     28.7    Reaffirmed
                                        Overdraft Fac
Kakumanu Seeds                          Proposed LT Bk     CRISIL BB-     43.8    Assigned
                                        Loan Fac
Karnataka Turned Components Pvt Ltd     Overdraft          CRISIL B       30      Reaffirmed
Karnataka Turned Components Pvt Ltd     Proposed LT Bk     CRISIL B       57      Reaffirmed
                                        Loan Fac
Karnataka Turned Components Pvt Ltd     TL                 CRISIL B       43      Reaffirmed
KCC Roads Construction Pvt Ltd          TL                 CRISIL A-      760     Upgraded from
                                                                                  CRISIL BBB
Krupa Chaton Manufacturing Company Pvt  CC                 CRISIL BB      410     Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
Krupa Chaton Manufacturing Company Pvt  TL                 CRISIL BB      338.7   Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
Makalu Trading Ltd                      LOC*               CRISIL D       400     Downgraded
                                                                                  from CRISIL BB
* Including sublimit for cash credit of Rs 40 crore
Mech Well Industries Ltd                CC                 CRISIL BB-     60      Reaffirmed
Mini Diamonds India Ltd                 CC                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
Mini Diamonds India Ltd                 Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL B+
Mullas Wedding Centre                   LT Loan            CRISIL B       50      Reaffirmed
Mullas Wedding Centre                   Overdraft          CRISIL B       30      Reaffirmed
N. S. Engineering Projects Pvt Ltd      CC                 CRISIL B-      390     Reaffirmed
N. S. Engineering Projects Pvt Ltd      Funded Interest TL CRISIL B-      76.7    Reaffirmed
N. S. Engineering Projects Pvt Ltd      Proposed LT Bk     CRISIL B-      105.1   Reaffirmed
                                        Loan Fac
N. S. Engineering Projects Pvt Ltd      TL                 CRISIL B-      181     Reaffirmed
N. S. Engineering Projects Pvt Ltd      WC TL              CRISIL B-      103.6   Reaffirmed
Natural Herbals and Seeds               CC                 CRISIL BB-     195     Reaffirmed
NIF Pvt Ltd                             CC                 CRISIL BBB+    460     Reaffirmed
NIF Pvt Ltd                             Standby LOC        CRISIL BBB+    100     Reaffirmed
NIF Pvt Ltd                             TL                 CRISIL BBB+    1040    Reaffirmed
Orange City Alloys Pvt Ltd              CC                 CRISIL BB+     53      Reaffirmed
Orange City Steel Industries Pvt Ltd    CC                 CRISIL BB+     200     Reaffirmed
P. Murugesan                            Proposed LT Bk     CRISIL B+      15      Assigned
                                        Loan Fac
P. Murugesan                            CC                 CRISIL B+      45      Assigned
Parekh Petrochemicals                   CC                 CRISIL B+      50      Assigned
Parevartan Educare Foundation           TL                 CRISIL B+      100     Upgraded from
                                                                                  CRISIL B
PCM Strescon Overseas Ventures Ltd      Proposed LT Bk     CRISIL B       310     Reaffirmed
                                        Loan Fac
PCM Strescon Overseas Ventures Ltd      Proposed TL        CRISIL B       120     Assigned
Phoenix Ispat Pvt Ltd                   CC                 CRISIL B+      65      Reaffirmed
Phoenix Ispat Pvt Ltd                   Electronic Dealer  CRISIL B+      75      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Phoenix Ispat Pvt Ltd                   Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Picasso Home Products Pvt Ltd           CC                 CRISIL B       30      Reaffirmed
Picasso Home Products Pvt Ltd           Proposed LT Bk     CRISIL B       32.5    Reaffirmed
                                        Loan Fac
Prolific Systems and Technologies Pvt   CC                 CRISIL BBB-    230     Reaffirmed
Ltd
Prolific Systems and Technologies Pvt   Proposed LT Bk     CRISIL BBB-    5       Assigned
Ltd                                     Loan Fac
PSR Silk Sarees India Pvt Ltd           CC                 CRISIL BB      400     Reaffirmed
PSR Silk Sarees India Pvt Ltd           LT Loan            CRISIL BB      80      Reaffirmed
Ratan Cold Storage                      TL                 CRISIL B+      57      Assigned
Ratan Cold Storage                      CC                 CRISIL B+      2.5     Assigned
Ratan Cold Storage                      Proposed LT Bk     CRISIL B+      10.5    Assigned
                                        Loan Fac
Ruby Mica Co. Ltd                       CC - Book Debt     CRISIL B+      8       Reaffirmed
Ruby Mica Co. Ltd                       CC-Stock           CRISIL B+      12      Reaffirmed
Ruby Mica Co. Ltd                       Proposed LT Bk     CRISIL B+      20.6    Reaffirmed
                                        Loan Fac
Ruby Mica Co. Ltd                       Standby Line of    CRISIL B+      9       Reaffirmed
                                        Credit
RVM Charitable Trust                    LT Loan            CRISIL B+      300     Assigned
Sagar Cements Ltd                       CC                 CRISIL BB      720     Reaffirmed
Sagar Cements Ltd                       Proposed TL        CRISIL BB      430     Withdrawal
Sagar Cements Ltd                       TL                 CRISIL BB      1830    Withdrawal
Saumil Impex Pvt Ltd                    CC                 CRISIL B       71      Revised from
                                                                                  CRISIL
                                                                                  BB/CRISIL D 
Saumil Impex Pvt Ltd                    Proposed LT Bk     CRISIL B       14      Revised from
                                        Loan Fac                                  CRISIL
                                                                                  BB/CRISIL D 
Sigma Search Lights Ltd                 CC                 CRISIL BB      50      Reaffirmed
Sigma Search Lights Ltd                 Proposed LT Bk     CRISIL BB      8       Reaffirmed
                                        Loan Fac
Sigma Search Lights Ltd                 TL                 CRISIL BB      14.2    Reaffirmed
Skyhigh Hospitality Pvt Ltd             TL                 CRISIL B-      100     Reaffirmed
Solano Ceramic Pvt Ltd                  CC                 CRISIL B       27.5    Reaffirmed
Solano Ceramic Pvt Ltd                  Proposed TL        CRISIL B       37.3    Reaffirmed
Solano Ceramic Pvt Ltd                  TL                 CRISIL B       35.2    Reaffirmed
Sonthalia Rice Mill                     CC                 CRISIL BB-     30      Reaffirmed
Sonthalia Rice Mill                     Proposed LT Bk     CRISIL BB-     2.5     Reaffirmed
                                        Loan Fac
Sonthalia Rice Mill                     TL                 CRISIL BB-     84      Reaffirmed
Sri Kangeyaa Textiles Pvt Ltd           CC                 CRISIL B+      25      Reaffirmed
Sri Kangeyaa Textiles Pvt Ltd           LT Loan            CRISIL B+      31      Reaffirmed
Sri Kangeyaa Textiles Pvt Ltd           Proposed WC Fac    CRISIL B+      4       Reaffirmed
Sri Karpagam Mills India Pvt Ltd        CC                 CRISIL BB      362.5   Reaffirmed
Sri Karpagam Mills India Pvt Ltd        Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
Sterling Agro Industries Ltd            CC*                CRISIL A       2350    Reaffirmed
*Fully interchangeable with packing credit, export packing credit, 
foreign bills discounting/foreign bills purchase, letter of credit, 
working capital demand loans,short-term loans, and buyer's credit facilities.
Sterling Agro Industries Ltd            External           CRISIL A       1093.8  Reaffirmed
                                        Commercial
                                        Borrowings
Sterling Agro Industries Ltd            Proposed LT Bk     CRISIL A       61.3    Reaffirmed
                                        Loan Fac
Sterling Agro Industries Ltd            TL                 CRISIL A       1414.9  Reaffirmed
Sukhesh Marketing Pvt Ltd               Proposed LT Bk     CRISIL BB      30      Assigned
                                        Loan Fac
Sukhesh Marketing Pvt Ltd               CC                 CRISIL BB      30      Assigned
Sumangal Petrochemicals Pvt Ltd         Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
Sumangal Petrochemicals Pvt Ltd         CC                 CRISIL BB      50      Assigned
Sumangal Polymers                       CC                 CRISIL BB      100     Assigned
Sumangal Polymers                       Electronic Dealer  CRISIL BB      150     Assigned
                                        Financing
                                        Scheme(e-DFS)
Tata Sons Ltd                           Overdraft          CRISIL AAA     500     Reaffirmed
Techno Electric and Engg Co Ltd         FB Fac             CRISIL AA-     410     Reaffirmed
Techno Electric and Engg Co Ltd         FB Fac^            CRISIL AA-     300     Reaffirmed
^ includes sub-limit of Rs.30 crore for non-fund based limits
Techno Electric and Engg Co Ltd         FB Fac*            CRISIL AA-     900     Reaffirmed
* includes sub-limit of Rs.25 crore for non-fund based limits
Techno Electric and Engg Co Ltd         Non-FBL$           CRISIL AA-     1100    Reaffirmed
$ includes sub-limit of Rs.60 crore for fund-based facilities
Techno Electric and Engg Co Ltd         Non-FBL!           CRISIL AA-     1140    Reaffirmed
! Fully interchangeable with fund-based facilities
Techno Electric and Engg Co Ltd         Non-FBL#           CRISIL AA-     600     Reaffirmed
# includes sub-limit of Rs.30 crore for fund-based facilities
Techno Electric and Engg Co Ltd         Proposed LT Bk     CRISIL AA-     250     Reaffirmed
                                        Loan Fac
Torque Pharmaceuticals Pvt Ltd          CC                 CRISIL BBB     270     Reaffirmed
Torque Pharmaceuticals Pvt Ltd          Proposed TL        CRISIL BBB     105.5   Reaffirmed
Torque Pharmaceuticals Pvt Ltd          TL                 CRISIL BBB     167.5   Reaffirmed
Tria Industries LLP                     CC                 CRISIL BB-     17.5    Reaffirmed
Tria Industries LLP                     Rupee TL           CRISIL BB-     30      Reaffirmed
V. M. Star                              Bill Purchase -    CRISIL D       150     Downgraded
                                        Discounting Fac                           from CRISIL
                                                                                  B+
Vardhini Industries                     Proposed LT Bk     CRISIL B+      5.2     Assigned
                                        Loan Fac
Vardhini Industries                     CC                 CRISIL B+      64.8    Assigned
Viney Corporation Ltd                   FCNR (B) LT Loan   CRISIL BBB+    50      Assigned
Viney Corporation Ltd                   Bill Discounting   CRISIL BBB+    50      Assigned
Viney Corporation Ltd                   CC                 CRISIL BBB+    400     Assigned
Vishal Construction                     Proposed LT Bk     CRISIL D       35.5    Assigned
                                        Loan Fac
Vishal Construction                     BG                 CRISIL D       34.5    Assigned
Vishal Construction                     CC                 CRISIL D       30      Assigned
Vrajpack Industries                     CC                 CRISIL B       59.5    Reaffirmed
Vrajpack Industries                     TL                 CRISIL B       40.5    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)

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