April 12, 2017 / 4:39 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Apr 12

8 Min Read

    Apr 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 11, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abharan Motors Pvt Ltd                  BG                 CRISIL A4+     2.1     Reaffirmed
Alinta Granito Pvt Ltd                  BG                 CRISIL A4      32.5    Reassigned
P. V. Ramanaiah and Company             BG                 CRISIL A4+     200     Upgraded from
                                                                                  CRISIL A4
Parksons Packaging Ltd                  LOC & BG           CRISIL A1      75.5    Reaffirmed
Saibaba Flameproof Switchgears Pvt Ltd  BG                 CRISIL A4+     245     Reaffirmed
Saibaba Ship Breaking Corporation       LOC                CRISIL A4      460     Reaffirmed
Stanfab Apparels Pvt Ltd                BG                 CRISIL A3      2.5     Reaffirmed
Stanfab Apparels Pvt Ltd                Export Packing     CRISIL A3      113     Reaffirmed
                                        Credit
Stanfab Apparels Pvt Ltd                Foreign Bill       CRISIL A3      253     Reaffirmed
                                        Discounting
Stanfab Apparels Pvt Ltd                LOC                CRISIL A3      20      Reaffirmed

LONG TERM RATINGS:
-------------------
Abharan Motors Pvt Ltd                  CC                 CRISIL BB      160     Reaffirmed
Abharan Motors Pvt Ltd                  Proposed LT Bk     CRISIL BB      1.3     Reaffirmed
                                        Loan Fac
Abharan Motors Pvt Ltd                  TL                 CRISIL BB      6       Assigned
Alinta Granito Pvt Ltd                  CC                 CRISIL B+      90      Upgraded from
                                                                                  CRISIL B
Alinta Granito Pvt Ltd                  LT Loan            CRISIL B+      237     Upgraded from
                                                                                  CRISIL B
Alinta Granito Pvt Ltd                  Proposed LT Bk     CRISIL B+      60.5    Upgraded from
                                        Loan Fac                                  CRISIL B
Devi Auto Components                    Proposed LT Bk     CRISIL BB+     95      Assigned
                                        Loan Fac
HM Grains and Pulses Processing Pvt Ltd CC                 CRISIL BB-     70      Assigned
ICICI Prudential Flexible Income Plan   ICICI Prudential   CRISIL AAAmfs  -       Reaffirmed
                                        Flexible Income
                                        Plan
Indraprasth Foods Ltd                   CC                 CRISIL BB-     360     Assigned
Indraprasth Foods Ltd                   CC                 CRISIL BB-     360     Assigned
K Chandrasekharbabu                     Proposed Overdraft CRISIL B+      40      Assigned
                                        Fac
K Chandrasekharbabu                     Proposed BG        CRISIL B+      15      Assigned
K Chandrasekharbabu                     Proposed LT Bk     CRISIL B+      25      Assigned
                                        Loan Fac
Omax Minerals Pvt Ltd                   CC                 CRISIL BB+     150     Reaffirmed
P. V. Ramanaiah and Company             CC                 CRISIL BB-     120     Upgraded from
                                                                                  CRISIL B+
Paper Packaging Pvt Ltd                 CC                 CRISIL BBB     200     Reaffirmed
Parksons Packaging Ltd                  Buyer`s Credit     CRISIL A+      146.2   Reaffirmed
Parksons Packaging Ltd                  Foreign Currency TLCRISIL A+      764.3   Reaffirmed
Parksons Packaging Ltd                  Proposed LT Bk     CRISIL A+      364     Reaffirmed
                                        Loan Fac
Parksons Packaging Ltd                  WC Fac             CRISIL A+      900     Reaffirmed
Recore Ceramic                          CC                 CRISIL B+      30      Upgraded from
                                                                                  CRISIL B-
Recore Ceramic                          Proposed LT Bk     CRISIL B+      27.5    Upgraded from
                                        Loan Fac                                  CRISIL B-
Recore Ceramic                          TL                 CRISIL B+      67.5    Upgraded from
                                                                                  CRISIL B-
Saibaba Flameproof Switchgears Pvt Ltd  CC                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL BB-
Saibaba Ship Breaking Corporation       CC                 CRISIL B+      40      Reaffirmed
SIPL Textile Pvt Ltd                    BG                 CRISIL D       11      Reaffirmed
SIPL Textile Pvt Ltd                    CC                 CRISIL D       37.5    Reaffirmed
SIPL Textile Pvt Ltd                    Proposed LT Bk     CRISIL D       35.9    Reaffirmed
                                        Loan Fac
SIPL Textile Pvt Ltd                    TL                 CRISIL D       40.6    Reaffirmed
Stanfab Apparels Pvt Ltd                LT Loan            CRISIL BBB-    33.5    Reaffirmed
Stanfab Apparels Pvt Ltd                Proposed LT Bk     CRISIL BBB-    28.8    Reaffirmed
                                        Loan Fac
Stanfab Apparels Pvt Ltd                Standby Line of    CRISIL BBB-    55      Reaffirmed
                                        Credit

--------------------------------------------------------------------------------------------
$: 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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