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CRISIL ratings for Indian debt instruments-Apr 10
April 10, 2017 / 4:50 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Apr 10

    Apr 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 7, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Dilip Singh Raghuvanshi                 BG                 CRISIL A4+     150     Assigned
Fancy Fittings Ltd                      BG                 CRISIL A3      6       Reaffirmed
Fancy Fittings Ltd                      LOC                CRISIL A3      80      Reaffirmed
Himangi Foods Pvt Ltd                   BG                 CRISIL A3      40      Reaffirmed
Jindal Industries Pvt Ltd               CP                 CRISIL A1      250     Reaffirmed
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      650     Reaffirmed
@ Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      200     Reaffirmed
@ Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      250     Reaffirmed
@ Includes bank guarantee, letter of credit & letter of undertakings
Konark Infrastructure Ltd               BG                 CRISIL A4      1525    Issuer Not
                                                                                  Cooperating
Lee Builders                            BG                 CRISIL A4+     92      Reaffirmed
R.K. Transport and Constructions Pvt LtdBG                 CRISIL A4+     430     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Issuer Not Cooperating
R.K. Transport and Constructions Pvt LtdOverdraft          CRISIL A4+     20      Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Issuer Not Cooperating
Rockeira Engineering LLP                BG                 CRISIL A4+     80      Upgraded from
                                                                                  CRISIL A4
ST. George Electronica Pvt Ltd          Overdraft          CRISIL A4      204.5   Reassigned
Suyog Telematics Ltd                    BG                 CRISIL A3      30      Assigned
Trivitron Healthcare Pvt Ltd            LOC                CRISIL A2      300     Reaffirmed

LONG TERM RATINGS:
-------------------
A P Organics Ltd                        CC                 CRISIL BBB     500     Upgraded from
                                                                                  CRISIL BBB-
A P Organics Ltd                        TL                 CRISIL BBB     60      Upgraded from
                                                                                  CRISIL BBB-
Aishwarya Infrastructure and Developers Overdraft          CRISIL B       100     Reaffirmed
Dhanalakshmi Poultry Complex            CC                 CRISIL BB      70      Assigned
Dhanraj Cotton Industries - Mehsana     CC                 CRISIL B       50      Reaffirmed
Dhanraj Cotton Industries - Mehsana     TL                 CRISIL B       28.8    Reaffirmed
Dilip Singh Raghuvanshi                 Overdraft          CRISIL BB      50      Assigned
Fancy Fittings Ltd                      CC                 CRISIL BBB-    160     Reaffirmed
Fancy Fittings Ltd                      Corporate Loan     CRISIL BBB-    40      Reaffirmed
Fancy Fittings Ltd                      LOC*               CRISIL BBB-    40      Reaffirmed
* Interchangeable with CC
Fancy Fittings Ltd                      Proposed LT Bk     CRISIL BBB-    64      Assigned
                                        Loan Fac
Garon Dehydrates Pvt Ltd                CC                 CRISIL B+      20      Upgraded from
                                                                                  CRISIL B
Garon Dehydrates Pvt Ltd                Export Packing     CRISIL B+      20      Upgraded from
                                        Credit                                    CRISIL B
Garon Dehydrates Pvt Ltd                Proposed LT Bk     CRISIL B+      12      Upgraded from
                                        Loan Fac                                  CRISIL B
Garon Dehydrates Pvt Ltd                TL                 CRISIL B+      43      Assigned
Himangi Foods Pvt Ltd                   CC                 CRISIL BBB-    180     Reaffirmed
Himangi Foods Pvt Ltd                   TL                 CRISIL BBB-    30      Assigned
Jindal Industries Pvt Ltd               CC**##             CRISIL A       400     Reaffirmed
** Includes bill discount, buyer credit, packing credit, short-term working capital demand loan;
## Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd               CC**##             CRISIL A       550     Reaffirmed
** Includes bill discount, buyer credit, packing credit, short-term working capital demand loan;
## Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd               CC**##             CRISIL A       50      Reaffirmed
** Includes bill discount, buyer credit, packing credit, short-term working capital demand loan;
## Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd               CC**##             CRISIL A       50      Reaffirmed
** Includes bill discount, buyer credit, packing credit, short-term working capital demand loan;
## Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd               LOC & BG@#         CRISIL A       100     Reaffirmed
@ Includes bank guarantee, letter of credit & letter of undertakings; # Non-fund-based to
fund-based interchangeability allowed
Jindal Industries Pvt Ltd               Proposed LT Bk     CRISIL A       250     Assigned
                                        Loan Fac
Konark Infrastructure Ltd               CC                 CRISIL B-      907.3   Reaffirmed
Konark Infrastructure Ltd               Overdraft          CRISIL B-      30      Reaffirmed
Konark Infrastructure Ltd               TL                 CRISIL B-      850     Reaffirmed
Lee Builders                            CC                 CRISIL BB-     178     Reaffirmed
R.K. Transport and Constructions Pvt LtdCC                 CRISIL BB+     100     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Issuer Not Cooperating
Rockeira Engineering LLP                Open CC            CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B
Rockeira Engineering LLP                Proposed LT Bk     CRISIL BB-     370     Upgraded from
                                        Loan Fac                                  CRISIL B
Samarth Fablon Pvt Ltd                  CC                 CRISIL BB+     400     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
ST. George Electronica Pvt Ltd          LT Loan            CRISIL B       51.5    Reaffirmed
ST. George Electronica Pvt Ltd          WC TL              CRISIL B       34      Reaffirmed
Subam Papers Pvt Ltd                    CC^                CRISIL BBB     190     Upgraded from
                                                                                  CRISIL BB+

^ Sub limit LC Rs 14 Cr
Subam Papers Pvt Ltd                    LT Loan            CRISIL BBB     299     Upgraded from
                                                                                  CRISIL BB+
Subam Papers Pvt Ltd                    CC%                CRISIL BBB     260     Upgraded from
                                                                                  CRISIL BB+
% Sublimit Bill Discounting Rs 18 Cr; Sublimit LC of Rs 16 Cr
Suyog Telematics Ltd                    TL                 CRISIL BBB-    870     Reaffirmed
Trivitron Healthcare Pvt Ltd            CC                 CRISIL BBB+    600     Reaffirmed
Trivitron Healthcare Pvt Ltd            Proposed LT Bk     CRISIL BBB+    270     Reaffirmed
                                        Loan Fac
Trivitron Healthcare Pvt Ltd            Standby LOC        CRISIL BBB+    150     Reaffirmed
Trivitron Healthcare Pvt Ltd            TL                 CRISIL BBB+    200     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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