March 29, 2017 / 6:04 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Mar 29

8 Min Read

    Mar 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 28, 2017.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alchemist Foods Ltd                     BG                 CRISIL A4      2.5     Upgraded from
                                                                                  CRISIL D
Alchemist Foods Ltd                     BG                 CRISIL A4      2.5     Upgraded from
                                                                                  CRISIL D
Hind Hydraulics and Engineers(Prop.     BG                 CRISIL A4      50      Reaffirmed
Hind Fluid Power Pvt Ltd)
Pilot Industries Ltd                    BG                 CRISIL A3+     50      Reaffirmed
Pilot Industries Ltd                    Inland/Import LOC  CRISIL A3+     20      Reaffirmed
Pilot Industries Ltd                    LOC                CRISIL A3+     180     Reaffirmed
Pilot Industries Ltd                    LOC Bill           CRISIL A3+     50      Reaffirmed
                                        Discounting
Pilot Industries Ltd                    Overdraft          CRISIL A3+     70      Reaffirmed
R. M. Katore                            BG                 CRISIL A4+     20      Reaffirmed
R. M. Katore                            Proposed BG        CRISIL A4+     15      Reaffirmed
Ram Sarup Murari Lal                    LOC                CRISIL A4      110     Reaffirmed

LONG TERM RATINGS:
-------------------
Aimil Pharmaceuticals India Ltd         CC                 CRISIL BB      135     Upgraded from
                                                                                  CRISIL BB-
Aimil Pharmaceuticals India Ltd         LT Loan            CRISIL BB      40      Upgraded from
                                                                                  CRISIL BB-
Aimil Pharmaceuticals India Ltd         Proposed LT Bk     CRISIL BB      125     Upgraded from
                                        Loan Fac                                  CRISIL BB-
Alchemist Foods Ltd                     CC                 CRISIL C       80      Upgraded from
                                                                                  CRISIL D
Alchemist Foods Ltd                     Proposed LT Bk     CRISIL C       240     Upgraded from
                                        Loan Fac                                  CRISIL D
Alchemist Foods Ltd                     CC                 CRISIL C       80      Upgraded from
                                                                                  CRISIL D
Alchemist Foods Ltd                     Proposed LT Bk     CRISIL C       240     Upgraded from
                                        Loan Fac                                  CRISIL D
Alchemist Ltd                           CC                 CRISIL D       35      Reaffirmed
Alchemist Ltd                           Proposed LT Bk     CRISIL D       198.2   Reaffirmed
                                        Loan Fac
Alchemist Ltd                           Proposed ST Bk     CRISIL D       20      Reaffirmed
                                        Loan Fac
Hind Hydraulics and Engineers(Prop.     CC                 CRISIL B+      45      Reaffirmed
Hind Fluid Power Pvt Ltd)
Hind Hydraulics and Engineers(Prop.     Proposed LT Bk     CRISIL B+      98.9    Reaffirmed
Hind Fluid Power Pvt Ltd)               Loan Fac
Hind Hydraulics and Engineers(Prop.     TL                 CRISIL B+      6.1     Reaffirmed
Hind Fluid Power Pvt Ltd)
KVR Autocars Pvt Ltd                    CC                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
KVR Autocars Pvt Ltd                    Inventory Funding  CRISIL BB      150     Upgraded from
                                        Fac                                       CRISIL BB-
KVR Cars                                CC                 CRISIL BB      70      Upgraded from
                                                                                  CRISIL BB-
KVR Cars                                Overdraft          CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Pilot Industries Ltd                    CC                 CRISIL BBB     900     Reaffirmed
Pilot Industries Ltd                    CC & WC demand loanCRISIL BBB     200     Reaffirmed
Pilot Industries Ltd                    TL                 CRISIL BBB     650     Reaffirmed
R. M. Katore                            CC                 CRISIL BB      46      Reaffirmed
Ram Sarup Murari Lal                    CC                 CRISIL B       17.5    Reaffirmed
Skandashree Jewel Creations             BG                 CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Skandashree Jewel Creations             CC                 CRISIL D       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
--------------------------------------------------------------------------------------------
$: 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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