March 14, 2012 / 5:57 AM / 5 years ago

CRISIL ratings for Indian debt instruments-Mar 14

Mar 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 13, 2012.	
	
COMPANY                       INSTRUMENT              RATING               AMOUNT   MOVEMENT	
                                                                          (RS.MLN)	
------                        ----------              ------               ------   ---------	
SHORT TERM RATINGS:	
-------------------	
Aqua Designs India Pvt Ltd    BG*                    CRISIL A3+              200  Assigned	
* Includes a sublimit of Rs.80 Million of Letter of Credit	
Dollar Industries Ltd         WC Demand Loan         CRISIL A3+              140  Reaffirmed	
Dollar Industries Ltd         BG                     CRISIL A3+                5  Reaffirmed	
Dollar Industries Ltd         CC                     CRISIL A3+              830  Reaffirmed	
Friends Infracon Pvt Ltd      BG                     CRISIL A4+               50  Reaffirmed	
Lalchand Jewellers Pvt Ltd    BG                     CRISIL A4+              150  Reaffirmed	
M/S. Japtech Industries       LOC                    CRISIL A4+               50  Reaffirmed	
M/S. Shanthala Spherocast     BG                     CRISIL A3                 2  Reaffirmed	
Pvt Ltd	
M/S. Shanthala Spherocast     LOC                    CRISIL A3                10  Reaffirmed	
Pvt Ltd	
Marymatha Construction        BG                     CRISIL A4+              300  Reaffirmed	
Company	
Nangalwala Impex Pvt Ltd      BG                     CRISIL A4+               10  Reaffirmed	
Poddar Pigments Ltd           LOC & BG               CRISIL A1             177.5  Reaffirmed	
Ram Lal Kamal Raj Jewellers   LOC*                   CRISIL A4+               30  Reaffirmed	
*Fully interchangeable with buyer's credit limit	
S. M. Lulla Industries World  Foreign Bill           CRISIL A4              33.5  Assigned	
Wide                          Discounting	
S. M. Lulla Industries World  BG                     CRISIL A4                 1  Assigned	
Wide	
S. M. Lulla Industries World  Bill Discounting       CRISIL A4                70  Assigned	
Wide                          under LOC	
S. M. Lulla Industries World  Foreign Exchange       CRISIL A4                 8  Assigned	
Wide                          Forward	
S. M. Lulla Industries World  LOC                    CRISIL A4                23  Assigned	
Wide	
S. M. Lulla Industries World  Export Packing Credit  CRISIL A4                20  Assigned	
Wide	
S.N.B. Infrastructure Pvt.    BG                     CRISIL A4+              280  Reaffirmed	
Ltd	
Sara International Ltd        Composite WC Limit     CRISIL A4+              920  Upgraded from	
                                                                                  CRISIL A4	
Sara International Ltd        LOC & BG               CRISIL A4+             1200  Upgraded from	
                                                                                  CRISIL A4	
Sree Anjaneya Medical Trust   BG                     CRISIL A4+             48.8  Assigned	
Sri Sainath Industry Pvt Ltd  BG                     CRISIL A4+               10  Reaffirmed	
Sri Sainath Industry Pvt Ltd  Packing Credit         CRISIL A4+              250  Reaffirmed	
Sri Sainath Industry Pvt Ltd  Proposed ST Bk Loan    CRISIL A4+               10  Reaffirmed	
                              Facility	
Stanzen Engineering Pvt Ltd   BG                     CRISIL A4                 2  Assigned	
State Bank Of Travancore      CD Programme           CRISIL A1+           105000  Reaffirmed	
Sundaram Packaging India Pvt  Standby Line of Credit CRISIL A4+                6  Assigned	
Ltd	
UI Pipe Fittings Pvt Ltd      LOC                    CRISIL A4+                8  Assigned	
UI Pipe Fittings Pvt Ltd      BG                     CRISIL A4+                2  Assigned	
	
LONG TERM RATINGS:	
-------------------	
Aqua Designs India Pvt Ltd    Long-TL                CRISIL BBB             16.5  Assigned	
Aqua Designs India Pvt Ltd    CC                     CRISIL BBB              170  Assigned	
Arjav Diamonds (I) Pvt Ltd    Export Packing Credit  CRISIL BBB             4090  Reaffirmed	
Arjav Diamonds (I) Pvt Ltd    Post Shipment Credit   CRISIL BBB             4550  Reaffirmed	
Arjav Diamonds (I) Pvt Ltd    Proposed LT Bk Loan    CRISIL BBB              360  Reaffirmed	
                              Facility	
Blue Star Diamonds Pvt Ltd    Export Packing Credit  CRISIL BBB-            1700  Reaffirmed	
Blue Star Diamonds Pvt Ltd    Post Shipment Credit   CRISIL BBB-            4900  Reaffirmed	
Blue Star Diamonds Pvt Ltd    Proposed LT Bk Loan    CRISIL BBB-              50  Reaffirmed	
                              Facility	
Darjeeling Cements Ltd        CC                     CRISIL D                 35  Downgraded
from	
                                                                                  CRISIL BB-	
Darjeeling Cements Ltd        TL                     CRISIL D               34.8  Downgraded
from	
                                                                                  CRISIL BB-	
Dharmadev Infrastructure Ltd  WC Demand Loan         CRISIL BB+              650  Downgraded
from	
                                                                                  CRISIL BBB-	
Diamond Food Products         CC                     CRISIL B                 20  suspended	
Diamond Food Products         Long-TL                CRISIL B                 49  suspended	
Diamond Food Products         Proposed LT Bk Loan    CRISIL B                1.6  suspended	
                              Facility	
Dollar Industries Ltd         TL                     CRISIL BBB            324.6  Reaffirmed	
Dollar Industries Ltd         Proposed LT Bk Loan    CRISIL BBB             20.4  Reaffirmed	
                              Facility	
Everest Starch (I) Pvt Ltd    CC                     CRISIL B                150  Assigned	
Everest Starch (I) Pvt Ltd    TL                     CRISIL B                250  Assigned	
Friends Infracon Pvt Ltd      CC                     CRISIL BB               100  Reaffirmed	
G.M.R. Spintex Pvt Ltd        CC                     CRISIL B-               150  Assigned	
G.M.R. Spintex Pvt Ltd        TL                     CRISIL B-             457.5  Assigned	
Janalakshmi Financial         Acquirer Payouts       CRISIL A (SO)         264.9  Assigned	
Services Pvt Ltd	
K.D. & Sons Pvt Ltd           CC                     CRISIL BBB-              85  Reaffirmed	
K.D. & Sons Pvt Ltd           Long-TL                CRISIL BBB-              14  Reaffirmed	
Lalchand Jewellers Pvt Ltd    CC                     CRISIL BB+              250  Reaffirmed	
Luxmi Rice Mills              CC                     CRISIL B                 30  Assigned	
Luxmi Rice Mills              Warehouse Financing    CRISIL B                 50  Assigned	
M/S. Japtech Industries       CC                     CRISIL BB                55  Upgraded from	
                                                                                  CRISIL BB-	
M/S. Japtech Industries       Proposed LT Bk Loan    CRISIL BB                16  Upgraded from	
                              Facility                                            CRISIL BB-	
M/S. Japtech Industries       TL                     CRISIL BB                24  Upgraded from	
                                                                                  CRISIL BB-	
M/S. Shanthala Spherocast     CC                     CRISIL BBB-             103  Reaffirmed	
Pvt Ltd	
M/S. Shanthala Spherocast     Long-TL                CRISIL BBB-              65  Reaffirmed	
Pvt Ltd	
Maharashtra Cricket           TL                     CRISIL BB               800  Reaffirmed	
Association	
Mangalam Metals & Ores Ltd    CC                     CRISIL BB-               20  Assigned	
Mangalam Metals & Ores Ltd    Proposed CC Limit      CRISIL BB-              100  Assigned	
Marymatha Construction        Overdraft Facility     CRISIL BB                50  Reaffirmed	
Company	
Meerut Roller Flour Mills     CC                     CRISIL BB-               78  Reaffirmed	
Pvt Ltd	
Meerut Roller Flour Mills     TL                     CRISIL BB-              5.5  Reaffirmed	
Pvt Ltd	
Mohana Cotton Ginning         TL                     CRISIL B                 65  Assigned	
Mohana Cotton Ginning         CC                     CRISIL B                 50  Assigned	
Mohana Cotton Ginning         Proposed LT Bk Loan    CRISIL B                 45  Assigned	
                              Facility	
Nangalwala Impex Pvt Ltd      CC@                   CRISIL BB-               99  Reaffirmed	
@ Includes SME Gold Card Facility of Rs.13.5 Million ; 	
includes a sub limit of LC of Rs.50.0 Million	
Nangalwala Impex Pvt Ltd      TL                     CRISIL BB-              7.7  Reaffirmed	
Narayanpur Power Company Pvt  Long-TL                CRISIL BBB-           262.8  suspended	
Ltd	
Netwing Technologies Pvt Ltd  CC                     CRISIL B+               192  Assigned	
Netwing Technologies Pvt Ltd  TL                     CRISIL B+                 8  Assigned	
Phr Invent Educational        TL                     CRISIL D                100  Reaffirmed	
Society	
Poddar Pigments Ltd           Bill                   CRISIL A                 10  Reaffirmed	
                              Purchase-Discounting	
                              Facility	
Poddar Pigments Ltd           CC                     CRISIL A                165  Reaffirmed	
Ram Lal Kamal Raj Jewellers   CC                     CRISIL BB               110  Reaffirmed	
Rassco Steels Ltd             CC                     CRISIL BB-              170  Reaffirmed	
Rukmani Infra Projects Pvt    BG                     CRISIL D                230  Reaffirmed	
Ltd	
Rukmani Infra Projects Pvt    CC                     CRISIL D                 50  Reaffirmed	
Ltd	
Rukmani Infra Projects Pvt    TL                     CRISIL D                 20  Reaffirmed	
Ltd	
S. M. Lulla Industries World  CC                     CRISIL B+               2.5  Assigned	
Wide	
S. N. Milk Products Pvt Ltd   CC                     CRISIL BB-               40  Reaffirmed	
S. N. Milk Products Pvt Ltd   TL                     CRISIL BB-             87.5  Reaffirmed	
S.N.B. Infrastructure Pvt.    CC                     CRISIL BB+              170  Reaffirmed	
Ltd	
Sara International Ltd        TL                     CRISIL BB                80  Upgraded from	
                                                                                  CRISIL BB-	
Shriganesh Texfab Ltd         CC                     CRISIL BB-               65  Assigned	
Shriganesh Texfab Ltd         TL                     CRISIL BB-             59.1  Assigned	
Sree Anjaneya Medical Trust   TL                     CRISIL BB             258.7  Assigned	
Stanzen Engineering Pvt Ltd   TL                     CRISIL B               47.5  Assigned	
Stanzen Engineering Pvt Ltd   Proposed LT Bk Loan    CRISIL B                 15  Assigned	
                              Facility	
Stanzen Engineering Pvt Ltd   CC                     CRISIL B                 20  Assigned	
State Bank Of Travancore      Upper Tier II Bonds    CRISIL AAA             5000  Assigned	
State Bank Of Travancore      Tier I Perpetual       CRISIL AAA             3000  Reaffirmed	
                              Bonds	
State Bank Of Travancore      Upper Tier II Bonds    CRISIL AAA             5000  Reaffirmed	
State Bank Of Travancore      Lower Tier II Bonds    CRISIL AAA             3900  Reaffirmed	
Sundaram Packaging India Pvt  TL                     CRISIL BB+              150  Assigned	
Ltd	
Sundaram Packaging India Pvt  CC                     CRISIL BB+             42.5  Assigned	
Ltd	
Sundaram Packaging India Pvt  Proposed LT Bk Loan    CRISIL BB+             51.5  Assigned	
Ltd                           Facility	
Swaminarayan Realty Pvt Ltd   Proposed LT Bk Loan    CRISIL BB+              900  Assigned	
                              Facility	
Thakur Fininvest Pvt Ltd      Proposed LT Bk Loan    CRISIL BBB              500  upgraded from	
                              Facility                                            CRISIL BBB-	
Tirupati Educational And      TL                     CRISIL D                155 Downgraded from	
Welfare Trust                                                                     CRISIL C	
UI Pipe Fittings Pvt Ltd      TL                     CRISIL BB-               70  Assigned	
UI Pipe Fittings Pvt Ltd      SME Credit             CRISIL BB-                5  Assigned	
UI Pipe Fittings Pvt Ltd      CC                     CRISIL BB-               48  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, E-mail at rru.data@reuters.com)

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