April 7, 2017 / 5:27 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Apr 7

    Apr 7 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 6, 2017.


COMPANY                                INSTRUMENT          RATING         AMOUNT   MOVEMENT
                                                                          (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bhambhani Shipping Ltd                  BG                 CRISIL A4+     18.4    Assigned
Bhambhani Shipping Ltd                  Overdraft          CRISIL A4+     21.6    Assigned
Diamond Shipping Agencies Pvt Ltd       BG                 CRISIL A3      35      Reaffirmed
Distichemi Process Engineering Pvt Ltd  BG                 CRISIL D       20.7    Downgraded
                                                                                  from CRISIL
                                                                                  A4
Eva Exotica Pvt Ltd                     BG                 CRISIL A4+     15      Assigned
Eva Exotica Pvt Ltd                     LOC                CRISIL A4+     15      Assigned
Kaneriya Oil Industries                 BG                 CRISIL A3+     3       Reaffirmed
Makharia Machineries Pvt Ltd            Letter Of GuaranteeCRISIL A3      5       Assigned
Metal Forgings Pvt Ltd                  Bill Negotiation   CRISIL A4+     30      Reaffirmed
Metal Forgings Pvt Ltd                  Export Packing     CRISIL A4+     30      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Metal Forgings Pvt Ltd                  LOC                CRISIL A4+     75      Reaffirmed
NTPC Ltd                                ST Debt (Including CRISIL A1+     20000   Reaffirmed
                                        CP)
Oriental Veneer Products Ltd            LOC                CRISIL A4+     70      
Issuer Not Cooperating;
Removed from Notice of withdrawal; Rating Reaffirmed
Powerica Ltd                            BG                 CRISIL A1+     1650    Reaffirmed
Powerica Ltd                            LOC                CRISIL A1+     2330    Reaffirmed
Rajesh Power Services Pvt Ltd           BG                 CRISIL A3      300     Reaffirmed
Ricela Health Foods Ltd                 Bill Discounting   CRISIL A3+     100     Assigned
Securens Systems Pvt Ltd                BG                 CRISIL A4      20      Reaffirmed
Shivam Transcon Pvt Ltd                 BG                 CRISIL A3+     705     Reaffirmed
Shivam Transcon Pvt Ltd                 Proposed BG        CRISIL A3+     610     Reaffirmed
Shrawasthi Agrotech Pvt Ltd             LOC                CRISIL A4+     10      Assigned
Ultimo Fabrics Pvt Ltd                  LOC                CRISIL A3+     100     Reaffirmed
Varun Beverages Ltd                     LOC                CRISIL A1+     1200    Reaffirmed

MEDIUM TERM RATINGS:
-------------------
NTPC Ltd                                FD                 FAAA           0       Reaffirmed

LONG TERM RATINGS:
-------------------
Asian Oilfield Services Ltd             LOC & BG           CRISIL D       150     Notice of
                                                                                  Withdrawal
Asian Oilfield Services Ltd             CC                                250     Withdrawal
Asian Oilfield Services Ltd             Proposed LOC                      70      Withdrawal
Asian Oilfield Services Ltd             Standby LOC                       380     Withdrawal
Begorra Infrastructure and Developers   CC                 CRISIL B+      180     Reaffirmed
Pvt Ltd
Bhambhani Shipping Ltd                  Rupee TL           CRISIL BB      260     Assigned
Diamond Shipping Agencies Pvt Ltd       CC                 CRISIL BBB-    40      Reaffirmed
Diamond Shipping Agencies Pvt Ltd       LT Loan            CRISIL BBB-    20      Reaffirmed
Diamond Shipping Agencies Pvt Ltd       Proposed WC Fac    CRISIL BBB-    30      Reaffirmed
Distichemi Process Engineering Pvt Ltd  CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL B
Distichemi Process Engineering Pvt Ltd  Rupee TL           CRISIL D       330     Downgraded
                                                                                  from CRISIL B
Eva Exotica Pvt Ltd                     CC                 CRISIL BB+     210     Assigned
Eva Exotica Pvt Ltd                     TL                 CRISIL BB+     40      Assigned
Janalakshmi Financial Services Ltd      TL                 CRISIL A       1050    Reaffirmed
Janalakshmi Financial Services Ltd      CC                                50      Withdrawal
Janalakshmi Financial Services Ltd      TL                                1250    Withdrawal
Kaneriya Oil Industries                 CC                 CRISIL BBB     450     Reaffirmed
Makharia Machineries Pvt Ltd            Proposed LT Bk     CRISIL BBB-    25      Assigned
                                        Loan Fac
Makharia Machineries Pvt Ltd            CC                 CRISIL BBB-    120     Assigned
Metal Forgings Pvt Ltd                  CC                 CRISIL BB      85      Reaffirmed
NM Coconut Oil Mercchants               CC                 CRISIL BB      190     Reaffirmed
NM Coconut Oil Mercchants               Proposed WC Fac    CRISIL BB      10      Reaffirmed
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7500    Reaffirmed
                                        XIII-A)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7500    Reaffirmed
                                        XIII-B)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     1000    Reaffirmed
                                        XVI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     500     Reaffirmed
                                        XVII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     500     Reaffirmed
                                        XIX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     10000   Reaffirmed
                                        XXI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXIII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXIV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXVI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     3500    Reaffirmed
                                        XXVII)
NTPC Ltd                                ond Issue (Series  CRISIL AAA     10000   Reaffirmed
                                        XXVIII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5500    Reaffirmed
                                        XXIX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7000    Reaffirmed
                                        XXX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XXXI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     1050    Reaffirmed
                                        XXXII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     1950    Reaffirmed
                                        XXXIII)
NTPC Ltd                                Bond Issue         CRISIL AAA     1500    Reaffirmed
                                        (Series XXXIV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     1200    Reaffirmed
                                        XXXV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XXXVI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     3000    Reaffirmed
                                        XXXVII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XXXVIII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     1050    Reaffirmed
                                        XXXIX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XL)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XLI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XLII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XLIII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        XLIV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XLV)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     750     Reaffirmed
                                        XLVI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     3900    Reaffirmed
                                        XLVII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     3000    Reaffirmed
                                        XLVIII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     2000    Reaffirmed
                                        XLIX)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     17500   Reaffirmed
                                        L)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     5000    Reaffirmed
                                        LI)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7500    Reaffirmed
                                        LII)
NTPC Ltd                                Bond Issue (Series CRISIL AAA     10000   Reaffirmed
                                        LIII)
NTPC Ltd                                NCD (Series LIV) * CRISIL AAA     103068.3Reaffirmed
* Refers to Rs 10306.8305 crore bonus debentures issued by NTPC to mark 
its 40th year of operations. The debentures have a 10-year tenor with 
repayments in the 8th, 9th, and 10th years and will carry an interest 
rate of government security (G-Sec) rate plus 50 basis points.
NTPC Ltd                                NCDs (Series LV)   CRISIL AAA     3000    Reaffirmed
NTPC Ltd                                NCDs (Series LVI)  CRISIL AAA     7000    Reaffirmed
NTPC Ltd                                NCDs (Series LVII) CRISIL AAA     5000    Reaffirmed
NTPC Ltd                                NCDs (Series LVIII)CRISIL AAA     3000    Reaffirmed
NTPC Ltd                                NCDs (Series LIX)  CRISIL AAA     6550    Reaffirmed
NTPC Ltd                                NCDs (Series LX)   CRISIL AAA     10000   Reaffirmed
NTPC Ltd                                NCDs (Series LXI)  CRISIL AAA     10725   Reaffirmed
NTPC Ltd                                Bond Issue (Series CRISIL AAA     8000    Reaffirmed
                                        LXII) **
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                Bond Issue (Series CRISIL AAA     6700    Reaffirmed
                                        LXIII) **
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7000    Reaffirmed
                                        LXIV) **
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                Bond Issue (Series CRISIL AAA     7000    Reaffirmed
                                        LXV) **
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                Bond Issue (Series CRISIL AAA     39250   Reaffirmed
                                        LXVI) **
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                05 NCDs **         CRISIL AAA     32050   Reaffirmed
** CRISIL has rated Rs 10,000 crore of non-convertible debentures,
 against which the company has issued bond series LXII, LXIII, LXIV, LXV and LXVI
NTPC Ltd                                NCDs (including    CRISIL AAA     4725    Reaffirmed
                                        Tax-Free Bonds)
NTPC Ltd                                Non-Convertible    CRISIL AAA     40000   Withdrawal
                                        Secured Bonds

Oneworld Creations Pvt Ltd              CC                 CRISIL BBB     450     Reaffirmed
Oneworld Creations Pvt Ltd              Proposed CC Limit  CRISIL BBB     90      Reaffirmed
Oneworld Creations Pvt Ltd              TL                 CRISIL BBB     160     Reaffirmed
Oriental Veneer Products Ltd            CC                 CRISIL BB+     130     Reaffirmed
Powerica Ltd                            CC                 CRISIL AA      1300    Reaffirmed
Rajesh Power Services Pvt Ltd           CC                 CRISIL BBB-    170     Reaffirmed
Ricela Health Foods Ltd                 CC                 CRISIL BBB     1500    Upgraded from
                                                                                  CRISIL BBB-
Ricela Health Foods Ltd                 Proposed WC Fac    CRISIL BBB     203     Upgraded from
                                                                                  CRISIL BBB-
Ricela Health Foods Ltd                 Warehouse Receipts CRISIL BBB     220     Assigned
Ricela Health Foods Ltd                 TL                 CRISIL BBB     177     Assigned
Securens Systems Pvt Ltd                CC                 CRISIL B+      7.5     Reaffirmed
Securens Systems Pvt Ltd                Proposed LT Bk     CRISIL B+      22.5    Reaffirmed
                                        Loan Fac
Securens Systems Pvt Ltd                TL                 CRISIL B+      30      Reaffirmed
Shivam Transcon Pvt Ltd                 CC                 CRISIL BBB     95      Reaffirmed
Shivam Transcon Pvt Ltd                 Proposed CC Limit  CRISIL BBB     90      Assigned
Shrawasthi Agrotech Pvt Ltd             CC                 CRISIL BB+     200     Assigned
Shrawasthi Agrotech Pvt Ltd             Proposed LT Bk     CRISIL BB+     6.9     Assigned
                                        Loan Fac
Shrawasthi Agrotech Pvt Ltd             TL                 CRISIL BB+     3.1     Assigned
Sri Lakshmi Venkateswara Modern Rice    CC                 CRISIL BB-     90      Assigned
Industry
Sri Lakshmi Venkateswara Modern Rice    Proposed LT Bk     CRISIL BB-     37.5    Assigned
Industry                                Loan Fac
Sri Lakshmi Venkateswara Modern Rice    SME Credit         CRISIL BB-     2.5     Assigned
Industry
Sundaram Asset Management Company Ltd   Sundaram Money FundCRISIL AAAmfs  0       Reaffirmed
The Kerala Minerals and Metals Ltd      CC                 CRISIL BBB     900     Upgraded from
                                                                                  CRISIL BBB-
Ultimo Fabrics Pvt Ltd                  CC                 CRISIL BBB     350     Reaffirmed
Ultimo Fabrics Pvt Ltd                  Proposed CC Limit  CRISIL BBB     98.8    Reaffirmed
Ultimo Fabrics Pvt Ltd                  TL                 CRISIL BBB     91.2    Reaffirmed
Varun Beverages Ltd                     CC                 CRISIL A+      3085    Reaffirmed
Varun Beverages Ltd                     Proposed LT Bk     CRISIL A+      1       Reaffirmed
                                        Loan Fac
Varun Beverages Ltd                     TL                 CRISIL A+      4455    Assigned
--------------------------------------------------------------------------------------------
$: 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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