March 15, 2017 / 5:30 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Mar 15

    Mar 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 14, 2017.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A K Shivhare Infrastructure Pvt Ltd     BG                 CRISIL A3      250     Assigned
Balaji Associates - Nagpur              BG                 CRISIL A4+     52.6    Assigned
Bang Overseas Ltd                       LOC                CRISIL A4+     170     Reaffirmed
BMW Ventures Ltd                        BG                 CRISIL A3      10      Reaffirmed
BMW Ventures Ltd                        Proposed ST Bk     CRISIL A3      50      Reaffirmed
                                        Loan Fac
Canbank Factors Ltd                     ST Debt Programme  CRISIL A1+     2000    Reaffirmed
Chartered Speed Pvt Ltd                 BG#                CRISIL A2      235     Assigned
# Letter of Credit upto Rs.2 Cr. as sub-limit of Bank Guarantee
Eagle Electronics India Pvt Ltd         BG                 CRISIL A4+     80      Reaffirmed
GKR Infracon (India) Pvt Ltd            BG                 CRISIL A4+     240     Reaffirmed
Goma Engineering Pvt Ltd                BG                 CRISIL A3      100     Reaffirmed
H. R. Power Projects Pvt Ltd            BG                 CRISIL A4      70      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
H. R. Power Projects Pvt Ltd            LOC                CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
HP Cotton Textile Mills Ltd             BG                 CRISIL A4+     3       Downgraded
                                                                                  from CRISIL A3
HP Cotton Textile Mills Ltd             Capex LOC          CRISIL A4+     67.5    Downgraded
                                                                                  from CRISIL A3
HP Cotton Textile Mills Ltd             LOC                CRISIL A4+     24      Downgraded
                                                                                  from CRISIL A3
J.J. Plastalloy Pvt Ltd                 BG                 CRISIL A4+     40      Reaffirmed
J.J. Plastalloy Pvt Ltd                 LOC                CRISIL A4+     130     Reaffirmed
J.J. Plastalloy Pvt Ltd                 Packing Credit     CRISIL A4+     60      Reaffirmed
Kamal Builders                          BG                 CRISIL A4      120     Reaffirmed
L N Malviya Infra Projects Pvt Ltd      Proposed BG        CRISIL A4+     117     Assigned
L N Malviya Infra Projects Pvt Ltd      BG                 CRISIL A4+     48      Assigned
My Car (Pune) Pvt Ltd                   BG                 CRISIL A3      25      Upgraded from
                                                                                  CRISIL A4+
Nandan Steels and Power Ltd             LOC & BG           CRISIL A3+     500     Reaffirmed
S B Impex                               Export Packing     CRISIL A4      60      Reaffirmed
                                        Credit
S B Impex                               Foreign Exchange   CRISIL A4      6       Reaffirmed
                                        Forward
Sri Siddheshwar Engineers India Pvt Ltd BG                 CRISIL A4+     50      Reaffirmed
Sri Vamshi Krishna Industries           Export Packing     CRISIL A4+     75      Reaffirmed
                                        Credit
Sri Varsha Food Products India Ltd      LOC                CRISIL A3      100     Assigned
Thirumalai Chemicals Ltd                LOC                CRISIL A2+     3488    Upgraded from
                                                                                  CRISIL A2
VBS Textiles Pvt Ltd                    BG                 CRISIL A4      22.5    Assigned

LONG TERM RATINGS:
-------------------
A K Shivhare Infrastructure Pvt Ltd     CC                 CRISIL BBB-    100     Assigned
Aditya Birla Fashion and Retail Ltd     CC                 CRISIL AA      5410    Reaffirmed
Aditya Birla Fashion and Retail Ltd     External           CRISIL AA      92      Reaffirmed
                                        Commercial
                                        Borrowings
Aditya Birla Fashion and Retail Ltd     LT Loan            CRISIL AA      181.9   Reaffirmed
Aditya Birla Fashion and Retail Ltd     Proposed LT Bk     CRISIL AA      3316.1  Reaffirmed
                                        Loan Fac
Aditya Birla Fashion and Retail Ltd     WC Demand Loan     CRISIL AA      3500    Reaffirmed
Bal Kishan Om Prakash And Company       Warehouse Receipts CRISIL B+      80      Reaffirmed
Balaji Associates - Nagpur              Proposed TL        CRISIL BB-     114.9   Assigned
Balaji Associates - Nagpur              CC                 CRISIL BB-     32.5    Assigned
Bang Overseas Ltd                       CC                 CRISIL BB+     155     Upgraded from
                                                                                  CRISIL BB-
Bang Overseas Ltd                       Proposed LT Bk     CRISIL BB+     245     Withdrawal
                                        Loan Fac
Bharat Agro Molecules Ltd               CC                 CRISIL B+      80      Assigned
Bharat Agro Molecules Ltd               Proposed LT Bk     CRISIL B+      60      Assigned
                                        Loan Fac
Bhuvan Marketing                        CC                 CRISIL BB-     70      Reaffirmed
Bhuvan Marketing                        Channel Financing  CRISIL BB-     42.5    Reaffirmed
BMW Ventures Ltd                        CC                 CRISIL BBB-    500     Reaffirmed
BMW Ventures Ltd                        Channel Financing  CRISIL BBB-    250     Reaffirmed
BNP Paribas Securities India Pvt Ltd    Overdraft          CRISIL AAA     200     Upgraded from
                                                                                  CRISIL AA+
Chartered Speed Pvt Ltd                 Secured Overdraft  CRISIL BBB+    19      Assigned
                                        against term
                                        deposits
Chartered Speed Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    96      Assigned
                                        Loan Fac
Chartered Speed Pvt Ltd                 Drop Line          CRISIL BBB+    15      Assigned
                                        Overdraft Fac
Chartered Speed Pvt Ltd                 CC                 CRISIL BBB+    35      Assigned
Eagle Electronics India Pvt Ltd         CC                 CRISIL BB+     120     Reaffirmed
G M Cot Fibers                          CC                 CRISIL B+      70      Reaffirmed
G M Cot Fibers                          Proposed LT Bk     CRISIL B+      2       Reaffirmed
                                        Loan Fac
G M Cot Fibers                          TL                 CRISIL B+      28      Reaffirmed
Ghaziabad Forgings (P) Ltd              CC                 CRISIL B+      50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Ghaziabad Forgings (P) Ltd              Proposed CC Limit  CRISIL B+      7.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
GKR Infracon (India) Pvt Ltd            Overdraft          CRISIL BB-     60      Reaffirmed
GKR Infracon (India) Pvt Ltd            Proposed LT Bk     CRISIL BB-     700     Reaffirmed
                                        Loan Fac
Goma Engineering Pvt Ltd                CC                 CRISIL BBB-    75      Reaffirmed
Goma Engineering Pvt Ltd                Proposed LT Bk     CRISIL BBB-    47.3    Reaffirmed
                                        Loan Fac
Goma Engineering Pvt Ltd                Rupee TL           CRISIL BBB-    17.7    Reaffirmed
Goma Engineering Pvt Ltd                Standby Line of    CRISIL BBB-    10      Reaffirmed
                                        Credit
H. R. Power Projects Pvt Ltd            CC                 CRISIL B-      120     Upgraded from
                                                                                  CRISIL BB-
HP Cotton Textile Mills Ltd             CC                 CRISIL BB+     60      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
HP Cotton Textile Mills Ltd             Proposed LT Bk     CRISIL BB+     30.7    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
HP Cotton Textile Mills Ltd             LT Loan            CRISIL BB+     16.5    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
J.J. Plastalloy Pvt Ltd                 CC                 CRISIL BB+     210     Upgraded from
                                                                                  CRISIL BB-
J.J. Plastalloy Pvt Ltd                 LT Loan            CRISIL BB+     140     Upgraded from
                                                                                  CRISIL BB-
Kamal Builders                          CC                 CRISIL B+      30      Reaffirmed
Kamal Builders                          TL                 CRISIL B+      20      Reaffirmed
L N Malviya Infra Projects Pvt Ltd      Proposed CC Limit  CRISIL BB+     31.5    Assigned
L N Malviya Infra Projects Pvt Ltd      Proposed BG        CRISIL BB+     300     Assigned
L N Malviya Infra Projects Pvt Ltd      CC                 CRISIL BB+     3.5     Assigned
Lancor Holdings Ltd                     Lease Rental       CRISIL BBB-    333.3   Downgraded
                                        Discounting Loan                          from CRISIL
                                                                                  BBB
Lancor Holdings Ltd                     LT Loan            CRISIL BBB-    426.6   Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Lancor Holdings Ltd                     Proposed Overdraft CRISIL BBB-    200     Downgraded
                                        Fac                                       from CRISIL
                                                                                  BBB
Lancor Holdings Ltd                     Proposed TL        CRISIL BBB-    282.3   Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Lancor Holdings Ltd                     Secured Overdraft  CRISIL BBB-    557.8   Downgraded
                                        Fac                                       from CRISIL
                                                                                  BBB
Mahavir Synthesis Pvt Ltd               CC                 CRISIL BBB-    40      Reaffirmed
Mahavir Synthesis Pvt Ltd               Proposed LT Bk     CRISIL BBB-    40      Assigned
                                        Loan Fac
My Car (Pune) Pvt Ltd                   CC                 CRISIL BBB-    200     Upgraded from
                                                                                  CRISIL BB
My Car (Pune) Pvt Ltd                   Inventory Funding  CRISIL BBB-    724     Upgraded from
                                        Fac                                       CRISIL BB
My Car (Pune) Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    207.1   Upgraded from
                                        Loan Fac                                  CRISIL BB
My Car (Pune) Pvt Ltd                   TL                 CRISIL BBB-    353.9   Upgraded from
                                                                                  CRISIL BB
Nandan Steels and Power Ltd             CC                 CRISIL BBB     570     Reaffirmed
Nandan Steels and Power Ltd             Proposed LT Bk     CRISIL BBB     93      Reaffirmed
                                        Loan Fac
Nandan Steels and Power Ltd             TL                 CRISIL BBB     265     Reaffirmed
Patwa Abhikaran Ratlam Pvt Ltd          CC                 CRISIL BB-     220     Reaffirmed
Patwa Automotive Pvt Ltd                CC                 CRISIL BB-     360     Reaffirmed
Patwa Automotive Pvt Ltd                Inventory Funding  CRISIL BB-     90      Reaffirmed
                                        Fac
Poojitha Parboiled Rice Mill            CC                 CRISIL BB-     100     Reaffirmed
PPS Motors Pvt Ltd                      CC                 CRISIL BBB     50      Upgraded from
                                                                                  CRISIL BBB-
PPS Motors Pvt Ltd                      Inventory Funding  CRISIL BBB     300     Upgraded from
                                        Fac                                       CRISIL BBB-
Pragati Sahayog Development Services    CC                 CRISIL B       50      Reaffirmed
S B Impex                               CC                 CRISIL B       40      Reaffirmed
S B Impex                               LT Loan            CRISIL B       1.5     Reaffirmed
S B Impex                               Proposed LT Bk     CRISIL B       65      Reaffirmed
                                        Loan Fac
SGM Packaging Industries                BG                 CRISIL D       12.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
SGM Packaging Industries                CC                 CRISIL D       35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
SGM Packaging Industries                LOC                CRISIL D       2.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
SGM Packaging Industries                Proposed LT Bk     CRISIL D       20      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
SGM Packaging Industries                TL                 CRISIL D       5       Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sri Guru Harkrishan Sahib (C) Eye       Overdraft          CRISIL B+      45      Upgraded from
Hospital Trust (Regd.)                                                            CRISIL D
Sri Guru Harkrishan Sahib (C) Eye       Proposed LT Bk     CRISIL B+      60      Upgraded from
Hospital Trust (Regd.)                  Loan Fac                                  CRISIL D
Sri Guru Harkrishan Sahib (C) Eye       Proposed WC Fac    CRISIL B+      30      Upgraded from
Hospital Trust (Regd.)                                                            CRISIL D
Sri Guru Harkrishan Sahib (C) Eye       TL                 CRISIL B+      145     Upgraded from
Hospital Trust (Regd.)                                                            CRISIL D
Sri Siddheshwar Engineers India Pvt Ltd CC                 CRISIL BB-     120     Reaffirmed
Sri Surya Poultry Farm                  Proposed WC Fac    CRISIL D       5       Assigned
Sri Surya Poultry Farm                  LT Bk Fac          CRISIL D       73      Assigned
Sri Surya Poultry Farm                  BG                 CRISIL D       10      Assigned
Sri Surya Poultry Farm                  CC                 CRISIL D       42      Assigned
Sri Vamshi Krishna Industries           CC                 CRISIL BB-     57.5    Reaffirmed
Sri Vamshi Krishna Industries           LT Loan            CRISIL BB-     2.5     Reaffirmed
Sri Vamshi Krishna Industries           Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Sri Varsha Food Products India Ltd      LT Loan            CRISIL BBB-    180     Assigned
Sri Varsha Food Products India Ltd      CC                 CRISIL BBB-    470     Assigned
Thirumalai Chemicals Ltd                CC                 CRISIL A-      1750    Upgraded from
                                                                                  CRISIL BBB+
Thirumalai Chemicals Ltd                Proposed FB Bk     CRISIL A-      577.4   Upgraded from
                                        Limits                                    CRISIL BBB+
VBS Textiles Pvt Ltd                    LT Loan            CRISIL B+      410     Assigned
VBS Textiles Pvt Ltd                    CC                 CRISIL B+      30      Assigned
Vohra Foods Pvt Ltd                     CC                 CRISIL B+      110     Reaffirmed
Vohra Foods Pvt Ltd                     Proposed LT Bk     CRISIL B+      15      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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