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CRISIL ratings for Indian debt instruments-Mar 16
March 16, 2017 / 7:01 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Mar 16

    Mar 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 15, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adam & Coal Resources Pvt Ltd           LOC                CRISIL A3+     1194.5  Reaffirmed
Amrit Exports Pvt Ltd                   BG                 CRISIL A4+     7.5     Reaffirmed
Amrit Exports Pvt Ltd                   Foreign Bill       CRISIL A4+     100     Reaffirmed
                                        Purchase
Amrit Exports Pvt Ltd                   Inland/Import LOC  CRISIL A4+     30      Reaffirmed
Amrit Exports Pvt Ltd                   Packing Credit     CRISIL A4+     182.5   Reaffirmed
Banbury Exports ( A Div. of Banbury     Packing Credit     CRISIL A4+     100     Reaffirmed
Impex Pvt Ltd)
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     25000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     7500    Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt            CRISIL A1+     36000   Reaffirmed
ECL Finance Ltd                         Short -Term        PP-MLD A1+r    12000   Reaffirmed
                                        Principal -
                                        Protected Market - Linked Debentures 
Gayatri Spinners Ltd                    LOC & BG           CRISIL A4      14      Assigned
Hospimax Healthcare Pvt Ltd             BG                 CRISIL A4+     55      Reaffirmed
Hospimax Healthcare Pvt Ltd             LOC                CRISIL A4+     5       Reaffirmed
HRS Process Systems Ltd                 BG                 CRISIL A3+     50      Reaffirmed
HRS Process Systems Ltd                 LOC                CRISIL A3+     50      Reaffirmed
Jasch Industries Ltd                    BG                 CRISIL A3+     30      Reaffirmed
Jasch Industries Ltd                    LOC                CRISIL A3+     120     Reaffirmed
Khator Technical Textiles Pvt Ltd       BG                 CRISIL A4+     6       Reaffirmed
Khator Technical Textiles Pvt Ltd       Packing Credit     CRISIL A4+     20      Reaffirmed
M/S. Dipak J. Bhivare                   BG                 CRISIL D       15      Downgraded
                                                                                  from CRISIL A4
Met-Rolla Steels Ltd                    LOC                CRISIL A3      445     Reaffirmed
MM Engineers Pvt Ltd                    BG                 CRISIL A4      25      Reaffirmed
MM Engineers Pvt Ltd                    LOC                CRISIL A4      25      Reaffirmed
Omega Designs                           LOC                CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Omega Designs                           Packing Credit     CRISIL A4      32.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Para Enterprises Pvt Ltd                LOC                CRISIL D       100     Downgraded
                                                                                  from CRISIL A4
Prabhat Steel Traders Pvt Ltd           LOC                CRISIL A4+     840     Reaffirmed
Rani Sati Foods Pvt Ltd                 LOC                CRISIL A4+     10      Reaffirmed
Ritesh Export                           Proposed ST Bk     CRISIL A3      26.6    Reaffirmed
                                        Loan Fac
Seco Warwick Allied Pvt Ltd             BG                 CRISIL A4      120     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Seco Warwick Allied Pvt Ltd             LOC                CRISIL A4      7.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Spic Fashions Pvt Ltd                   Bills Discount     CRISIL A4      30      Reaffirmed
                                        /Cheque Purchase
Spic Fashions Pvt Ltd                   Packing Credit     CRISIL A4      35      Reaffirmed
Texmo Industries                        LOC & BG           CRISIL A1+     70      Reaffirmed
Tranter India Pvt Ltd                   LOC & BG           CRISIL A1+(SO) 300     Reaffirmed

LONG TERM RATINGS:
-------------------
Adam & Coal Resources Pvt Ltd           CC                 CRISIL BBB     50      Reaffirmed
Amrit Exports Pvt Ltd                   Overdraft          CRISIL BB      10      Reaffirmed
Amrit Exports Pvt Ltd                   Proposed FB Bk     CRISIL BB      28.9    Reaffirmed
                                        Limits
Amrit Exports Pvt Ltd                   TL                 CRISIL BB      30      Reaffirmed
Barbil Mining and Industries Pvt Ltd    CC                 CRISIL B       90      Reaffirmed
Bhavin Impex Pvt Ltd                    CC                 CRISIL B+      95      Reaffirmed
Bhavin Impex Pvt Ltd                    Proposed CC Limit  CRISIL B+      95      Reaffirmed
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      11800   Reaffirmed
ECL Finance Ltd                         Overdraft          CRISIL AA      13300   Reaffirmed
ECL Finance Ltd                         Proposed LT Bk     CRISIL AA      12000   Reaffirmed
                                        Loan Fac**
**interchangeable with short term bank facilities    
ECL Finance Ltd                         WC Demand Loan     CRISIL AA      1200    Reaffirmed
ECL Finance Ltd                         NCDs               CRISIL AA      12000   Assigned
ECL Finance Ltd                         NCDs               CRISIL AA      20000   Reaffirmed
ECL Finance Ltd                         NCDs               CRISIL AA      9300    Reaffirmed
ECL Finance Ltd                         Principal-         CRISIL PP- MLD 11900   Reaffirmed
                                        Protected Equity-  Aar
                                        Linked Debentures
ECL Finance Ltd                         LT Principal       CRISIL PP- MLD 5000    Reaffirmed
                                        Protected Market   Aar
                                        Linked Debentures
ECL Finance Ltd                         Principal -        CRISIL PP- MLD 350     Reaffirmed
                                        Protected          Aar
                                        Commoptionally convertible debentureity - Linked
Debentures 
FSN E-Commerce Ventures Pvt Ltd         CC                 CRISIL BB      500     Assigned
Gayatri Spinners Ltd                    CC                 CRISIL B       50      Assigned
Gayatri Spinners Ltd                    LT Loan            CRISIL B       12.3    Assigned
Gayatri Spinners Ltd                    Proposed LT Bk     CRISIL B       3.7     Assigned
                                        Loan Fac
HCO Infrastructure                      Proposed LT Bk     CRISIL D       8.8     Assigned
                                        Loan Fac
HCO Infrastructure                      LT Loan            CRISIL D       38      Assigned
HCO Infrastructure                      BG                 CRISIL D       20.2    Assigned
HCO Infrastructure                      CC                 CRISIL D       13      Assigned
Hospimax Healthcare Pvt Ltd             CC                 CRISIL BB      35      Reaffirmed
Hospimax Healthcare Pvt Ltd             Overdraft          CRISIL BB      20      Reaffirmed
Hospimax Healthcare Pvt Ltd             Proposed LT Bk     CRISIL BB      5       Reaffirmed
                                        Loan Fac
HRS Process Systems Ltd                 CC                 CRISIL BBB     70      Reaffirmed
HRS Process Systems Ltd                 Standby Line of    CRISIL BBB     10      Reaffirmed
                                        Credit
Jani Sales Pvt Ltd                      CC                 CRISIL BB+     250     Reaffirmed
Jani Sales Pvt Ltd                      Electronic Dealer  CRISIL BB+     200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Jasch Industries Ltd                    CC                 CRISIL BBB     160     Reaffirmed
Jasch Industries Ltd                    TL                 CRISIL BBB     34.1    Reaffirmed
Jasch Industries Ltd                    WC TL              CRISIL BBB     11.6    Reaffirmed
Khator Technical Textiles Pvt Ltd       CC                 CRISIL BB-     18.9    Reaffirmed
Khator Technical Textiles Pvt Ltd       Proposed LT Bk     CRISIL BB-     29.7    Reaffirmed
                                        Loan Fac
Khator Technical Textiles Pvt Ltd       TL                 CRISIL BB-     125.4   Reaffirmed
Kirtilal Kalidas Jewellers Pvt Ltd      CC                 CRISIL BBB     2025    Reaffirmed
M/S. Dipak J. Bhivare                   CC                 CRISIL D       105     Downgraded
                                                                                  from CRISIL B-
M/S. Dipak J. Bhivare                   Proposed LT Bk     CRISIL D       1.2     Downgraded
                                        Loan Fac                                  from CRISIL B-
Mahesh Cotspin Pvt Ltd                  CC                 CRISIL B+      92.8    Reaffirmed
Mahesh Cotspin Pvt Ltd                  LT Loan            CRISIL B+      17.2    Reaffirmed
Mapple Exim Pvt Ltd                     CC                 CRISIL BB      114     Upgraded from
                                                                                  CRISIL BB-
Mapple Exim Pvt Ltd                     LT Loan            CRISIL BB      3       Upgraded from
                                                                                  CRISIL BB-
Met-Rolla Steels Ltd                    CC                 CRISIL BBB-    155     Reaffirmed
Met-Rolla Steels Ltd                    Proposed LT Bk     CRISIL BBB-    7       Reaffirmed
                                        Loan Fac
MM Engineers Pvt Ltd                    CC                 CRISIL B+      30      Reaffirmed
Nellore Municipal Corporation           Corporate Credit   CCR BB+        -       Reaffirmed
                                        Rating
Omega Designs                           Bill Discounting   CRISIL B+      32.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Omega Designs                           Proposed FB Bk     CRISIL B+      45      Downgraded
                                        Limits                                    from CRISIL
                                                                                  BB-
Para Enterprises Pvt Ltd                CC                 CRISIL D       280     Downgraded
                                                                                  from CRISIL B
Para Enterprises Pvt Ltd                Proposed LT Bk     CRISIL D       81      Downgraded
                                        Loan Fac                                  from CRISIL B
Para Enterprises Pvt Ltd                WC TL              CRISIL D       139     Downgraded
                                                                                  from CRISIL B
Pimpri Chinchwad Municipal Corporation  Bond               CRISIL AA-     2000    Assigned
Pioneer eServe Pvt Ltd                  TL                 CRISIL BBB-    200     Assigned
Prabhat Steel Industries                CC                 CRISIL BBB-    100     Reaffirmed
Prabhat Steel Traders Pvt Ltd           CC                 CRISIL BB      50      Reaffirmed
Prabhat Steel Traders Pvt Ltd           Proposed LT Bk     CRISIL BB      30      Reaffirmed
                                        Loan Fac
Proddatur Municipal corporation         Corporate Credit   CCR BB+        -       Reaffirmed
                                        Rating
Punjab and Sind Bank                    Lower Tier-II      CRISIL AA      3000    Reaffirmed
                                        Bonds (under Basel
                                        II)
Punjab and Sind Bank                    Tier II Bonds      CRISIL AA      5000    Reaffirmed
                                        (Under Basel III)
Punjab and Sind Bank                    Lower Tier-II      CRISIL AA      2000    Withdrawal
                                        Bonds (under Basel
                                        II)
Radhee Foods Pvt Ltd                    CC                 CRISIL BB-     105     Downgraded
                                                                                  from CRISIL BB
Radhee Foods Pvt Ltd                    Proposed LT Bk     CRISIL BB-     25      Downgraded
                                        Loan Fac                                  from CRISIL BB
Rani Sati Foods Pvt Ltd                 CC                 CRISIL BB-     120     Downgraded
                                                                                  from CRISIL BB
Rani Sati Foods Pvt Ltd                 Proposed LT Bk     CRISIL BB-     38.7    Downgraded
                                        Loan Fac                                  from CRISIL BB
Rani Sati Foods Pvt Ltd                 TL                 CRISIL BB-     18.8    Downgraded
                                                                                  from CRISIL BB
Ritesh Export                           Packing Credit     CRISIL BBB-    235     Reaffirmed
Ritesh Export                           Post Shipment      CRISIL BBB-    515     Reaffirmed
                                        Credit
Ritesh Export                           TL                 CRISIL BBB-    173.4   Reaffirmed
RK-CPR (JV)                             Proposed LT Bk     CRISIL B+      300     Assigned
                                        Loan Fac
Seco Warwick Allied Pvt Ltd             CC                 CRISIL B+      65      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Seco Warwick Allied Pvt Ltd             Proposed LT Bk     CRISIL B+      48.8    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Seco Warwick Allied Pvt Ltd             TL                 CRISIL B+      25      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Spic Fashions Pvt Ltd                   Proposed WC Fac    CRISIL B       11.3    Reaffirmed
Spic Fashions Pvt Ltd                   TL                 CRISIL B       28.7    Assigned
State Bank of Patiala                   Tier I Bonds       CRISIL AA+     11500   Assigned
                                        (Under Basel III) 
State Bank of Patiala                   Tier-I Perpetual   CRISIL AAA     3000    Reaffirmed
                                        Bonds (under Basel
                                        II) 
State Bank of Patiala                   Upper Tier II      CRISIL AAA     15000   Reaffirmed
                                        Bonds 
Texmo Industries                        CC                 CRISIL A+      650     Reaffirmed
Texmo Industries                        Proposed TL        CRISIL A+      850     Reaffirmed
Tranter India Pvt Ltd                   Export Packing     CRISIL AA(SO)  200     Reaffirmed
                                        Credit
Tranter India Pvt Ltd                   WC Demand Loan     CRISIL AA(SO)  207     Reaffirmed
Vaishnavi Food Products Pvt Ltd         CC                 CRISIL BB-     110     Upgraded
                                                                                  from CRISIL B+
Vaishnavi Food Products Pvt Ltd         Proposed LT Bk     CRISIL BB-     33.6    Upgraded
                                        Loan Fac                                  from CRISIL B+
Vaishnavi Food Products Pvt Ltd         TL                 CRISIL BB-     86.4    Upgraded
                                                                                  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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