March 28, 2017 / 7:06 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Mar 28

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


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anil Kumar Biswal                       BG                 CRISIL A4      9       Reaffirmed
Anil Kumar Biswal                       LOC                CRISIL A4      5       Reaffirmed
Apollo Gleneagles Hospital Ltd          LOC & BG           CRISIL A1      2600    Reaffirmed
Apollo Gleneagles Hospital Ltd          LOC & BG           CRISIL A1      2600    Reaffirmed
Deep Industries Ltd                     BG                 CRISIL A2+     400     Reaffirmed
Dhoot Developers Pvt Ltd                BG                 CRISIL A4+     280     Reaffirmed
Dhoot Developers Pvt Ltd                Proposed ST Bk     CRISIL A4+     720     Reaffirmed
                                        Loan Fac
Dhoot Infrastructure Projects Ltd       BG                 CRISIL A4+     21.5    Reaffirmed
GTZ India Pvt Ltd                       BG                 CRISIL A4+     5.9     Reaffirmed
GTZ India Pvt Ltd                       LOC                CRISIL A4+     40      Reaffirmed
Hastalloy India Ltd                     BG                 CRISIL A4      45      Reaffirmed
Himalayan Infracorp Pvt Ltd             BG                 CRISIL A4+     50      Reaffirmed
Himalayan Infracorp Pvt Ltd             Proposed BG        CRISIL A4+     100     Reaffirmed
Integrated Enterprises India Ltd        BG                 CRISIL A2      400     Reaffirmed
Koshambh Multitred Pvt Ltd              Foreign Bill       CRISIL A3+     325     Upgraded from
                                        Purchase                                  CRISIL A3
Koshambh Multitred Pvt Ltd              LOC                CRISIL A3+     140     Upgraded from
                                                                                  CRISIL A3
Koshambh Multitred Pvt Ltd              Packing Credit     CRISIL A3+     80      Upgraded from
                                                                                  CRISIL A3
Koshambh Multitred Pvt Ltd              Foreign Bill       CRISIL A3+     325     Upgraded from
                                        Purchase                                  CRISIL A3
Koshambh Multitred Pvt Ltd              LOC                CRISIL A3+     140     Upgraded from
                                                                                  CRISIL A3
Koshambh Multitred Pvt Ltd              Packing Credit     CRISIL A3+     80      Upgraded from
                                                                                  CRISIL A3
Manisha Projects Pvt Ltd                BG                 CRISIL A4+     755     Reaffirmed
Mittal Construction Unit                BG                 CRISIL A4+     90      Assigned
Paresh Constructions and Foundations    BG                 CRISIL A3      230     Reaffirmed
Pvt Ltd
R R Durafabs Pvt Ltd                    BG                 CRISIL A4      90      Reaffirmed
Shri Mohangarh Construction Co.         BG                 CRISIL A4+     110     Assigned
Shri Varalakshmi Company                BG                 CRISIL A3+     22      Upgraded from
                                                                                  CRISIL A3
Sneha Constructions                     BG                 CRISIL A4      25      Reaffirmed
SRC Company Infra Pvt Ltd               BG                 CRISIL A4+     300     Reaffirmed
Srini Pharmaceuticals Pvt Ltd           BG                 CRISIL A3      2.5     Reaffirmed
Srini Pharmaceuticals Pvt Ltd           LOC                CRISIL A3      100     Reaffirmed
UCN Construction Company Pvt Ltd        BG                 CRISIL A4+     150     Assigned
UltraTech Cement Ltd                    Non-FBL            CRISIL A1+     18000   Reaffirmed
UltraTech Cement Ltd                    Proposed NFBL      CRISIL A1+     2000    Reaffirmed
Unisource Papers Pvt Ltd                LOC                CRISIL A4+     50      Upgraded from
                                                                                  CRISIL A4
Unisource Papers Pvt Ltd                Proposed LOC & BG  CRISIL A4+     20.5    Upgraded from
                                                                                  CRISIL A4
Vallabhaneni Constructions Pvt Ltd      BG                 CRISIL A3      355     Upgraded from
                                                                                  CRISIL A4+
Vallabhaneni Constructions Pvt Ltd      BG                 CRISIL A3      355     Upgraded from
                                                                                  CRISIL A4+
Vishwanath Singh Enterprises            BG                 CRISIL A4+     45      Reaffirmed
Vital Healthcare Pvt Ltd                BG                 CRISIL A4      150     Reaffirmed
Vital Healthcare Pvt Ltd                Bill Negotiation   CRISIL A4      20      Reaffirmed
Vital Healthcare Pvt Ltd                Buyers Finance     CRISIL A4      20      Reaffirmed
Vital Healthcare Pvt Ltd                LOC                CRISIL A4      100     Reaffirmed
Wellcome Fisheries Ltd                  Foreign            CRISIL A4+     800     Reaffirmed
                                        Discounting Bill
                                        Purchase
Wellcome Fisheries Ltd                  Import LOC Limit   CRISIL A4+     10      Reaffirmed
Wellcome Fisheries Ltd                  Packing Credit     CRISIL A4+     500     Reaffirmed


LONG TERM RATINGS:
-------------------
Amar Cars Pvt Ltd                       CC                 CRISIL BBB+    200     Reaffirmed
Anil Kumar Biswal                       CC                 CRISIL B+      80      Reaffirmed
Anil Kumar Biswal                       Proposed LT Bk     CRISIL B+      6       Reaffirmed
                                        Loan Fac
Apollo Gleneagles Hospital Ltd          CC                 CRISIL A+      2200    Reaffirmed
Apollo Gleneagles Hospital Ltd          Proposed TL        CRISIL A+      50      Reaffirmed
Apollo Gleneagles Hospital Ltd          TL                 CRISIL A+      8150    Reaffirmed
Apollo Gleneagles Hospital Ltd          CC                 CRISIL A+      2200    Reaffirmed
Apollo Gleneagles Hospital Ltd          Proposed TL        CRISIL A+      50      Reaffirmed
Apollo Gleneagles Hospital Ltd          TL                 CRISIL A+      8150    Reaffirmed
Archana Hospitals Pvt Ltd               LT Loan            CRISIL BB-     86.9    Assigned
Archana Hospitals Pvt Ltd               Proposed LT Bk     CRISIL BB-     13.1    Assigned
                                        Loan Fac
Bank of Baroda                          Tier-II Bond Issue CRISIL AAA     20000   Reaffirmed
Bank of Baroda                          Lower Tier II Bond CRISIL AAA     5000    Reaffirmed
Bank of Baroda                          Tier I Perpetual   CRISIL AAA     21500   Reaffirmed
                                        Bonds
Bank of Baroda                          Upper Tier II Bond CRISIL AAA     50000   Reaffirmed
Centur Gems                             CC                 CRISIL BB+     40      Assigned
Centur Gems                             Export Packing     CRISIL BB+     86      Assigned
                                        Credit
Chandan Realities                       Drop Line          CRISIL B-      70      Downgraded
                                        Overdraft Fac                             from CRISIL
                                                                                  CRISIL B
Deep Industries Ltd                     CC                 CRISIL A-      150     Reaffirmed
Deep Industries Ltd                     Corporate Loan     CRISIL A-      100     Reaffirmed
Deep Industries Ltd                     Proposed LT Bk     CRISIL A-      156.6   Reaffirmed
                                        Loan Fac
Deep Industries Ltd                     TL                 CRISIL A-      1203.4  Reaffirmed
Dhoot Infrastructure Projects Ltd       Lease Rental       CRISIL BB+     42      Reaffirmed
                                        Discounting Loan
Dhoot Infrastructure Projects Ltd       LT Loan            CRISIL BB+     700     Reaffirmed
Dhoot Infrastructure Projects Ltd       Proposed LT Bk     CRISIL BB+     36.5    Reaffirmed
                                        Loan Fac
DSP BlackRock Liquidity                 Fund               CRISIL AAAmfs  -       Notice of
                                                                                  withdrawal
DSP BlackRock Ultra Short Term Fund     Term Fund          CRISIL AAAmfs  -       Reaffirmed
Edelweiss Asset Reconstruction Co. Ltd  LT Bk Fac*         CRISIL AA-     500     Reaffirmed
*Interchangeable between long-term and short-term
Edelweiss Asset Reconstruction Co. Ltd  Proposed LT Bk     CRISIL AA-     5000    Reaffirmed
                                        Loan Fac*
*Interchangeable between long-term and short-term
GTZ India Pvt Ltd                       CC                 CRISIL BB      140     Upgraded from
                                                                                  CRISIL B
GTZ India Pvt Ltd                       TL                 CRISIL BB      24.1    Upgraded from
                                                                                  CRISIL B
Hastalloy India Ltd                     CC                 CRISIL B+      55      Reaffirmed
Hastalloy India Ltd                     Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Healthware Pvt Ltd                      WC Fac             CRISIL BBB-    180     Reaffirmed
Himalayan Infracorp Pvt Ltd             CC                 CRISIL BB      85      Reaffirmed
Himalayan Infracorp Pvt Ltd             Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        Loan Fac
Indchem Inc                             CC                 CRISIL BB-     65      Assigned
Integrated Enterprises India Ltd        Overdraft          CRISIL BBB     450     Reaffirmed
Islamic Council For Productive EducationOverdraft          CRISIL A-      170     Reaffirmed
J B Publishing House Pvt Ltd            CC                 CRISIL B+      100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
J B Publishing House Pvt Ltd            LT Loan            CRISIL B+      25      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
J. P. Industries                        CC                 CRISIL D       60      Downgraded
                                                                                  from CRISIL B+
J. P. Industries                        CC                 CRISIL D       60      Downgraded
                                                                                  from CRISIL B+
Jindal Rolling Mills Ltd                CC                 CRISIL BB-     100     Reaffirmed
Kalashreemukha                          CC                 CRISIL BB-     70      Assigned
Kalashreemukha                          Proposed LT Bk     CRISIL BB-     50      Assigned
                                        Loan Fac
Kamal Cotton Traders Pvt Ltd            CC                 CRISIL BB-     200     Reaffirmed
Kapil Enterprises Pvt Ltd               Packing Credit     CRISIL BB-     20      Assigned
Kapil Enterprises Pvt Ltd               Post Shipment      CRISIL BB-     30      Assigned
                                        Credit
Komal Texfab Pvt Ltd                    TL                 CRISIL BB+     75      Assigned
Koshambh Multitred Pvt Ltd              Proposed LT Bk     CRISIL BBB     10.4    Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Koshambh Multitred Pvt Ltd              TL                 CRISIL BBB     33.1    Upgraded from
                                                                                  CRISIL BBB-
Koshambh Multitred Pvt Ltd              Proposed LT Bk     CRISIL BBB     10.4    Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Koshambh Multitred Pvt Ltd              TL                 CRISIL BBB     33.1    Upgraded from
                                                                                  CRISIL BBB-
Leeford Healthcare Ltd                  CC                 CRISIL BBB-    500     Upgraded from
                                                                                  CRISIL
Libertas IFMR Capital 2015              Series A1 PTCs     CRISIL A       1800.1  Reaffirmed
Libertas IFMR Capital 2015              Series A2 PTCs     CRISIL BBB     19.1    Reaffirmed
Lourdes Matha Catholic Educational      WC TL              CRISIL B+      20      Assigned
Society
Lourdes Matha Catholic Educational      CC                 CRISIL B+      60      Assigned
Society
Lourdes Matha Catholic Educational      Proposed TL        CRISIL B+      5       Assigned
Society
Maad Mines and Minerals Pvt Ltd         CC                 CRISIL B+      100     Reaffirmed
Maad Mines and Minerals Pvt Ltd         TL                 CRISIL B+      150     Reaffirmed
Maad Mines and Minerals Pvt Ltd         CC                 CRISIL B+      100     Reaffirmed
Maad Mines and Minerals Pvt Ltd         TL                 CRISIL B+      150     Reaffirmed
Mahavir Rice Mill (Chamorshi)           CC                 CRISIL BB-     80      Upgraded from
                                                                                  CRISIL B+
Mahavir Rice Mill (Chamorshi)           Proposed LT Bk     CRISIL BB-     5       Upgraded from
                                        Loan Fac                                  CRISIL B+
Manisha Projects Pvt Ltd                CC                 CRISIL BB+     170     Reaffirmed
Mittal Construction Unit                CC                 CRISIL BB      110     Assigned
Odisha Multispeciality Hospital And     TL                 CRISIL BB-     80      Reaffirmed
Trauma Care Centre Pvt Ltd
Opulent Automobiles Pvt Ltd             CC                 CRISIL BB-     4       Reaffirmed
Opulent Automobiles Pvt Ltd             Channel Financing  CRISIL BB-     95      Reaffirmed
Opulent Automobiles Pvt Ltd             Proposed LT Bk     CRISIL BB-     1       Reaffirmed
                                        Loan Fac
Palamoor Paper Products Ltd.            LT Loan            CRISIL D       110     Downgraded
                                                                                  from CRISIL B
Palamoor Paper Products Ltd.            Proposed CC Limit  CRISIL D       40      Downgraded
                                                                                  from CRISIL B
Paresh Constructions and Foundations    CC                 CRISIL BBB-    20      Reaffirmed
Pvt Ltd
Paresh Constructions and Foundations    Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
Pvt Ltd                                 Loan Fac
R R Durafabs Pvt Ltd                    Overdraft          CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
RnP Marketing and Cargo Pvt Ltd         CC                 CRISIL BBB-    310     Reaffirmed
S. K. Industries - Faridkot             CC                 CRISIL B       70      Reaffirmed
S. K. Industries - Faridkot             Cash TL            CRISIL B       9.2     Reaffirmed
S. K. Industries - Faridkot             Proposed TL        CRISIL B       0.8     Assigned
Saffron Resources Pvt Ltd               CC                 CRISIL BB+     67.5    Assigned
Satya Constructions                     LT Loan            CRISIL B+      200     Reaffirmed
Sesa Minerals Ltd                       CC                 CRISIL B+      150     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sesa Minerals Ltd                       LOC                CRISIL B+      200     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sesa Minerals Ltd                       Proposed LT Bk     CRISIL B+      50      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Shivdhan Boards Pvt Ltd                 CC                 CRISIL B       77.5    Reaffirmed
Shivdhan Boards Pvt Ltd                 Proposed LT Bk     CRISIL B       11.1    Reaffirmed
                                        Loan Fac
Shiv-Raj Plastics Pvt Ltd               CC                 CRISIL BB      40      Assigned
Shiv-Raj Plastics Pvt Ltd               TL                 CRISIL BB      45      Assigned
Shree Balaji Steel Enterprises          Electronic Dealer  CRISIL B+      100     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Shri Mohangarh Construction Co.         Overdraft          CRISIL BB-     20      Assigned
Shri Varalakshmi Company                CC                 CRISIL BBB     200     Upgraded from
                                                                                  CRISIL BBB-
Shri Varalakshmi Company                Rupee TL           CRISIL BBB     134.9   Upgraded from
                                                                                  CRISIL BBB-
Sneha Constructions                     CC                 CRISIL B       120     Reaffirmed
Sneha Constructions                     Proposed WC Fac    CRISIL B       5       Reaffirmed
SRC Company Infra Pvt Ltd               CC                 CRISIL BB+     40      Upgraded from
                                                                                  CRISIL BB
Sri Nandha Educational Trust            Overdraft          CRISIL BB+     100     Reaffirmed
Sri Nandha Educational Trust            Proposed LT Bk     CRISIL BB+     17      Reaffirmed
                                        Loan Fac
Sri Nandha Educational Trust            TL                 CRISIL BB+     147.7   Reaffirmed
Sri Rudra Ginning Mill                  Proposed FB Bk     CRISIL B       12.8    Assigned
                                        Limits
Sri Rudra Ginning Mill                  CC                 CRISIL B       60      Assigned
Sri Rudra Ginning Mill                  LT Loan            CRISIL B       17.2    Assigned
Sri Venkatarama Oil Industries Ltd      CC                 CRISIL BB+     95      Reaffirmed
Sri Venkatarama Oil Industries Ltd      LT Loan            CRISIL BB+     103.1   Reaffirmed
Sri Venkatarama Oil Industries Ltd      Proposed LT Bk     CRISIL BB+     201.9   Reaffirmed
                                        Loan Fac
Srini Pharmaceuticals Pvt Ltd           CC                 CRISIL BBB-    150     Reaffirmed
Srini Pharmaceuticals Pvt Ltd           Proposed LT Bk     CRISIL BBB-    27.5    Reaffirmed
                                        Loan Fac
Srini Pharmaceuticals Pvt Ltd           TL                 CRISIL BBB-    190     Reaffirmed
TMI Healthcare Pvt Ltd                  LT Loan            CRISIL BB      105     Reaffirmed
Trident Infra Homes Pvt Ltd             TL                 CRISIL B+      400     Reaffirmed
UCN Construction Company Pvt Ltd        CC                 CRISIL BB+     50      Assigned
UltraTech Cement Ltd                    External           CRISIL AAA     15687.4 Reaffirmed
                                        Commercial
                                        Borrowings
UltraTech Cement Ltd                    FB Fac             CRISIL AAA     8000    Reaffirmed
UltraTech Cement Ltd                    Proposed LT Bk     CRISIL AAA     15052.6 Reaffirmed
                                        Loan Fac
UltraTech Cement Ltd                    Rupee TL           CRISIL AAA     4000    Reaffirmed
Unisource Papers Pvt Ltd                CC                 CRISIL BB-     15      Upgraded from
                                                                                  CRISIL B
Unisource Papers Pvt Ltd                LT Loan            CRISIL BB-     14.5    Upgraded from
                                                                                  CRISIL B
Unisource Papers Pvt Ltd                TL                 CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B
Unisource Papers Pvt Ltd                Proposed LT Bk     CRISIL BB-     10      Upgraded from
                                        Loan Fac                                  CRISIL B
Vallabhaneni Constructions Pvt Ltd      CC                 CRISIL BBB-    45      Upgraded from
                                                                                  CRISIL BB+
Vallabhaneni Constructions Pvt Ltd      Secured Overdraft  CRISIL BBB-    40      Upgraded from
                                        Fac                                       CRISIL BB+
Vallabhaneni Constructions Pvt Ltd      CC                 CRISIL BBB-    45      Upgraded from
                                                                                  CRISIL BB+
Vallabhaneni Constructions Pvt Ltd      Secured Overdraft  CRISIL BBB-    40      Upgraded from
                                        Fac                                       CRISIL BB+
Vikhroli Corporate Park Pvt Ltd         Lease Rental       CRISIL A       5500    Reaffirmed
                                        Discounting Loan
Vikhroli Corporate Park Pvt Ltd         Overdraft          Withdrawal     5440    Assigned
Vishwanath Singh Enterprises            CC/ Overdraft Fac  CRISIL BB-     35      Reaffirmed
Vital Healthcare Pvt Ltd                CC                 CRISIL B       100     Reaffirmed
Vital Healthcare Pvt Ltd                LT Loan            CRISIL B       37      Reaffirmed
Vital Healthcare Pvt Ltd                Proposed LT Bk     CRISIL B       113     Reaffirmed
                                        Loan Fac
Vital Healthcare Pvt Ltd                TL                 CRISIL B       30      Reaffirmed
Vital Healthcare Pvt Ltd                WC Demand Loan     CRISIL B       30      Reaffirmed
Wellcome Fisheries Ltd                  Foreign LOC        CRISIL BB+     87.1    Reaffirmed
Wellcome Fisheries Ltd                  TL                 CRISIL BB+     144.2   Reaffirmed
Yash Agro Industries                    CC                 CRISIL B       50      Reaffirmed
Yash Agro Industries                    TL                 CRISIL B       35      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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