April 6, 2017 / 6:15 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Apr 6

    Apr 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 5, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. B. Pal Electricals Pvt Ltd           BG                 CRISIL A4      1       Reaffirmed
A. B. Pal Electricals Pvt Ltd           Bills              CRISIL A4      9       Reaffirmed
                                        Discount/Cheque
                                        Purchase
A. B. Pal Electricals Pvt Ltd           Inland/Import LOC  CRISIL A4      30      Reaffirmed
Aditya Steel Rolling Mills Pvt Ltd      BG                 CRISIL A4      60      Upgraded from
                                                                                  CRISIL D
Angelique International Ltd             BG                 CRISIL A2      15050   Reaffirmed
Angelique International Ltd             Bill Purchase      CRISIL A2      380     Reaffirmed
                                        Discounting Fac
Angelique International Ltd             Bills Receivable   CRISIL A2      1350    Reaffirmed
                                        Discounting
Angelique International Ltd             LOC                CRISIL A2      1800    Reaffirmed
Angelique International Ltd             Packing Credit     CRISIL A2      100     Reaffirmed
Angelique International Ltd             CP                 CRISIL A2      100     @
Atlas Copco India Ltd                   LOC & BG           CRISIL A1+     1680    Reaffirmed
Craftsman Automation Pvt Ltd            BG                 CRISIL A3+     217.5   Reaffirmed
Craftsman Automation Pvt Ltd            LOC                CRISIL A3+     310     Reaffirmed
Craftsman Automation Pvt Ltd            Packing Credit     CRISIL A3+     840     Reaffirmed
Craftsman Automation Pvt Ltd            Vendor Financing   CRISIL A3+     75      Reaffirmed
Divya Creations                         LOC & BG           CRISIL A3+     140     Reaffirmed
Hi-Tech Engineers and Consultants Pvt   BG                 CRISIL A3      400     Assigned
Ltd
Indian Stitchers                        BG                 CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Indian Stitchers                        Packing Credit     CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
International Panaacea Ltd              BG                 CRISIL A3      25      Assigned
JP Structures Pvt Ltd                   BG                 CRISIL A3+     300     Reaffirmed
Leela Trade Steel and Commodities India Cheque Purchase    CRISIL A4+     7.5     Downgraded
Pvt Ltd                                                                           from CRISIL A3
Parrys Sugar Industries Ltd             BG*                CRISIL A1      100     $
Parrys Sugar Industries Ltd             LOC*               CRISIL A1      100     $
*100% two-way interchangeability between letter of credit and bank guarantee limits    
Parrys Sugar Industries Ltd             BG*                CRISIL A1      500     $
*100% two-way interchangeability between letter of credit and bank guarantee limits    
Parrys Sugar Industries Ltd             ST Debt (Including CRISIL A1      1000    @
Prompt Barrier Films Pvt Ltd            BG                 CRISIL A4      30      Reassigned
R. C. Gems                              Post Shipment      CRISIL A4+     165     Reaffirmed
                                        Credit
R.R.Thulasi Builders India Pvt Ltd      BG                 CRISIL A3+     100     Upgraded from
                                                                                  CRISIL A3
R.R.Thulasi Builders India Pvt Ltd      ST Bk Fac          CRISIL A3+     20      Upgraded from
                                                                                  CRISIL A3
R.R.Thulasi Builders India Pvt Ltd      Proposed ST Bk     CRISIL A3+     49.4    Upgraded from
                                        Loan Fac                                  CRISIL A3
Rajalakshmi Spinners Pvt Ltd            BG                 CRISIL A4+     11      Reaffirmed
Rama Auto Dealers Pvt Ltd               Proposed ST Bk     CRISIL A4      3.8     Reaffirmed
                                        Loan Fac
Rawmin Mining and Industries Pvt Ltd    Foreign Usance     CRISIL A3      200     Reaffirmed
                                        Bills Purchase -
                                        Discounting
Rawmin Mining and Industries Pvt Ltd    Packing Credit     CRISIL A3      270     Reaffirmed
SRG Apparels Pvt Ltd                    Export Packing     CRISIL A2      350     Upgraded from
                                        Credit                                    CRISIL A3+
SRG Apparels Pvt Ltd                    LOC                CRISIL A2      100     Upgraded from
                                                                                  CRISIL A3+
SRG Apparels Pvt Ltd                    Post Shipment      CRISIL A2      400     Upgraded from
                                        Credit%                                   CRISIL A3+
% Aggregate exposure along with export packing credit restricted to Rs 50 Cr    
Sterling Tapes Ltd                      LOC                CRISIL A4+     70      Reaffirmed
Techno Industries Ltd                   LOC                CRISIL A3+     40      Assigned
Techno Industries Ltd                   BG                 CRISIL A3+     50      Assigned

LONG TERM RATINGS:
-------------------
A. B. Pal Electricals Pvt Ltd           CC                 CRISIL B+      140     Reaffirmed
Aditya Steel Rolling Mills Pvt Ltd      CC                 CRISIL B-      170     Upgraded from
                                                                                  CRISIL D
Aditya Steel Rolling Mills Pvt Ltd      TL                 CRISIL B-      10      Upgraded from
                                                                                  CRISIL D
Andhra Baryte Corporation Pvt Ltd       CC                 CRISIL D       50      Reaffirmed
Andhra Baryte Corporation Pvt Ltd       Proposed LT Bk     CRISIL D       135     Reaffirmed
                                        Loan Fac
Andhra Baryte Corporation Pvt Ltd       TL                 CRISIL D       15      Reaffirmed
Angelique International Ltd             CC                 CRISIL BBB+    220     Reaffirmed
Angelique International Ltd             Proposed LT Bk     CRISIL BBB+    100     Reaffirmed
                                        Loan Fac
Arjun Enterprises Ltd                   CC                 CRISIL B+      37.5    Reaffirmed
Arjun Enterprises Ltd                   Proposed CC Limit  CRISIL B+      37.5    Reaffirmed
Atlas Copco India Ltd                   CC                 CRISIL AA+     500     Reaffirmed
Craftsman Automation Pvt Ltd            CC                 CRISIL BBB     1060    Reaffirmed
Craftsman Automation Pvt Ltd            LT Loan            CRISIL BBB     3722.4  Reaffirmed
Craftsman Automation Pvt Ltd            Proposed LT Bk     CRISIL BBB     315     Reaffirmed
                                        Loan Fac
Divya Creations                         FB Fac             CRISIL BBB     120     Assigned
Hi-Tech Engineers and Consultants Pvt   CC                 CRISIL BBB-    10      Assigned
Ltd
Indian Stitchers                        Foreign Bill       CRISIL B+      20      Downgraded
                                        Discounting                               from CRISIL
                                                                                  BB-
Indian Stitchers                        Proposed LT Bk     CRISIL B+      40      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
International Panaacea Ltd              TL                 CRISIL BBB-    13.4    Reaffirmed
International Panaacea Ltd              CC                 CRISIL BBB-    125     Reaffirmed
Jehan Numa Palace Hotel Pvt Ltd         CC                 CRISIL BBB+    46      Upgraded from
                                                                                  CRISIL BBB
Jehan Numa Palace Hotel Pvt Ltd         Proposed LT Bk     CRISIL BBB+    54      Upgraded from
                                        Loan Fac                                  CRISIL BBB
JP Structures Pvt Ltd                   CC                 CRISIL BBB     140     Reaffirmed
JP Structures Pvt Ltd                   LT Loan            CRISIL BBB     140     Reaffirmed
Leela Trade Steel and Commodities India CC                 CRISIL BB+     650     Downgraded
Pvt Ltd                                                                           from CRISIL
                                                                                  BBB-
Leela Trade Steel and Commodities India Proposed LT Bk     CRISIL BB+     92.5    Downgraded
Pvt Ltd                                 Loan Fac                                  from CRISIL
                                                                                  BBB-
Natural Gold Pulse & Flour Mill         CC                 CRISIL BB+     85      Assigned
Natural Gold Pulse & Flour Mill         Proposed LT Bk     CRISIL BB+     0.2     Assigned
                                        Loan Fac
P Dass Forging Pvt Ltd                  CC                 CRISIL BB+     70      Upgraded from
                                                                                  CRISIL BB
P Dass Forging Pvt Ltd                  TL                 CRISIL BB+     20      Upgraded from
                                                                                  CRISIL BB
Parrys Sugar Industries Ltd             CC                 CRISIL A       1000    $
Parrys Sugar Industries Ltd             Proposed LT Bk     CRISIL A       300     $
                                        Loan Fac                                  
Parrys Sugar Industries Ltd             TL                 CRISIL A       500     $
                                                                                  
Pratisthan Coal Bricket                 CC                 CRISIL B       125     Assigned
Prompt Barrier Films Pvt Ltd            CC                 CRISIL B       30      Reaffirmed
Prompt Barrier Films Pvt Ltd            LT Loan            CRISIL B       120     Reaffirmed
R. C. Gems                              CC                 CRISIL BB-     10      Reaffirmed
R. C. Gems                              Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
R.R.Thulasi Builders India Pvt Ltd      CC                 CRISIL BBB     40      Upgraded from
                                                                                  CRISIL BBB-
R.R.Thulasi Builders India Pvt Ltd      Drop Line          CRISIL BBB     180     Upgraded from
                                        Overdraft Fac                             CRISIL BBB-
R.R.Thulasi Builders India Pvt Ltd      LT Loan            CRISIL BBB     13.3    Upgraded from
                                                                                  CRISIL BBB-
Rainbow Rice Pvt Ltd                    CC                 CRISIL BB-     500     Assigned
Rainbow Rice Pvt Ltd                    Proposed WC Fac    CRISIL BB-     30      Assigned
Rajalakshmi Spinners Pvt Ltd            CC                 CRISIL BB-     140     Reaffirmed
Rajalakshmi Spinners Pvt Ltd            LT Loan            CRISIL BB-     61.7    Reaffirmed
Rajalakshmi Spinners Pvt Ltd            Proposed LT Bk     CRISIL BB-     12.4    Reaffirmed
                                        Loan Fac
Rajasthan Pulses                        CC                 CRISIL B+      75      Reaffirmed
Rajasthan Pulses                        Proposed LT Bk     CRISIL B+      35      Reaffirmed
                                        Loan Fac
Rajasthan Pulses                        Warehouse Receipts CRISIL B+      40      Reaffirmed
Rama Auto Dealers Pvt Ltd               CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL B+
Rama Auto Dealers Pvt Ltd               Drop Line          CRISIL B       10      Downgraded
                                        Overdraft Fac                             from CRISIL B+
Rama Auto Dealers Pvt Ltd               Inventory Funding  CRISIL B       50      Downgraded
                                        Fac                                       from CRISIL B+
Rosebey Resorts LL                      Proposed LT Bk     CRISIL B       1       Assigned
                                        Loan Fac
Rosebey Resorts LL                      TL                 CRISIL B       129     Assigned
Safi Traders                            CC                 CRISIL BB      240     Reaffirmed
Safi Traders                            Channel Financing  CRISIL BB      250     Reaffirmed
Safi Traders                            Proposed LT Bk     CRISIL BB      57.5    Reaffirmed
                                        Loan Fac
Safi Traders                            Overdraft          CRISIL BB      20      Reaffirmed
Safi Traders                            LT Loan            CRISIL BB      12.5    Reaffirmed
Sahana Clothing Company Pvt Ltd         Key CC             CRISIL BBB     200     Assigned
Sahana Clothing Company Pvt Ltd         Export Packing     CRISIL BBB     220     Assigned
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Sahana Clothing Company Pvt Ltd         Export Packing     CRISIL BBB     80      Assigned
                                        Credit
Sahana Clothing Company Pvt Ltd         Bill Discounting   CRISIL BBB     60      Assigned
Sahana Clothing Company Pvt Ltd         CC                 CRISIL BBB     250     Assigned
Shree Gautam Labdhi Trade Links         CC                 CRISIL B       80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Slipons India Pvt Ltd                   CC                 CRISIL BB      65      Assigned
Slipons India Pvt Ltd                   Proposed CC Limit  CRISIL BB      20      Assigned
SRG Apparels Pvt Ltd                    Foreign LOC^       CRISIL BBB+    146.4   Upgraded from
                                                                                  CRISIL BBB
^ Convertible into Buyer's credit   
SRG Apparels Pvt Ltd                    LT Loan            CRISIL BBB+    230     Upgraded from
                                                                                  CRISIL BBB
Sterling Tapes Ltd                      CC                 CRISIL BB-     65      Reaffirmed
Sterling Tapes Ltd                      Proposed LT Bk     CRISIL BB-     21.5    Reaffirmed
                                        Loan Fac
Tara Health Foods Ltd                   CC                 CRISIL D       2175.4  Downgraded
                                                                                  from CRISIL B
Tara Health Foods Ltd                   TL                 CRISIL D       844.6   Downgraded
                                                                                  from CRISIL B
Techno Industries Ltd                   CC                 CRISIL BBB     120     Assigned
Teja Educational Society                LT Loan            CRISIL BB-     56.5    Reaffirmed
Teja Educational Society                Overdraft          CRISIL BB-     20      Reaffirmed
Teja Educational Society                TL                 CRISIL BB-     54.5    Reaffirmed
Union Mutual Fund                       Union Liquid Fund  CRISIL AAAmfs  -       Reaffirmed
Vedic And Futuristic Edutech            TL                 CRISIL B+      1000    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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