May 30, 2012 / 5:37 AM / 5 years ago

CRISIL ratings for Indian debt instruments-May 30

May 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 29, 2012.	
	
COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT	
                                                                          (RS.MLN)	
------                                  ----------            ------       -----   ---------	
SHORT TERM RATINGS:	
-------------------	
Alluri Sitarama Raju Educational SocietyBG                    CRISIL A3    60      Assigned	
Chiral Biosciences Ltd                  LOC                   CRISIL D     40      Downgraded	
                                                                                   from CRISIL	
                                                                                   A4	
Chiral Biosciences Ltd                  Proposed LOC          CRISIL D     60      Downgraded	
                                                                                   from CRISIL	
                                                                                   A4	
Corona Vitrified Pvt Ltd                BG                    CRISIL A4    10      Assigned	
Diasqua India Pvt Ltd                   Packing Credit        CRISIL A4    24      Reaffirmed	
Diasqua India Pvt Ltd                   Proposed ST Bk Loan   CRISIL A4    36      Reaffirmed	
                                        Fac	
Diasqua India Pvt Ltd                   Post-Shipment Credit  CRISIL A4    90      Reaffirmed	
Ferozepur Foods Pvt Ltd                 Export Packing Credit CRISIL A4    50      Assigned	
G V G Industries Pvt Ltd                BG                    CRISIL A4+   1       Reaffirmed	
G V G Industries Pvt Ltd                LOC                   CRISIL A4+   35      Reaffirmed	
HPM Chemicals and Fertilizers Ltd       LOC                   CRISIL A3+   300     Reaffirmed	
Janmani International Pvt Ltd           LOC                   CRISIL A4    101.3   Reaffirmed	
Jivraj Coke Pvt Ltd                     LOC                   CRISIL A4+   5       Assigned	
Lanco Power Ltd                         LOC                   CRISIL A4+   340     Downgraded	
                                                                                   from CRISIL	
                                                                                   A3	
Lanco Power Ltd                         BG                    CRISIL A4+   340     Downgraded	
                                                                                   from CRISIL	
                                                                                   A3	
Lanco Power Ltd                         BG*                   CRISIL A4+   680     Downgraded	
                                                                                   from CRISIL	
                                                                                   A3	
*Fungible with letter of credit	
Lok-Beta Pharmaceuticals (I) Pvt Ltd    LOC                   CRISIL A4    30      Reaffirmed	
Lok-Beta Pharmaceuticals (I) Pvt Ltd    BG                    CRISIL A4    2.5     Reaffirmed	
Marathon Electric Motors (India) Ltd    LOC & BG              CRISIL A1    320     Reaffirmed	
Narayan Trading Company                 BG                    CRISIL D     5       Downgraded	
                                                                                   from CRISIL	
                                                                                   A4+	
Narayan Trading Company                 LOC                   CRISIL D     200     Downgraded	
                                                                                   from CRISIL	
                                                                                   A4+	
Narayan Trading Company                 Packing Credit        CRISIL D     185     Downgraded	
                                                                                   from CRISIL	
                                                                                   A4+	
Nitte Education Trust                   BG                    CRISIL A1    102     Upgraded	
                                                                                   from CRISIL	
                                                                                   A2+	
Omsairam Steels and Alloys Pvt Ltd      BG                    CRISIL A4+   70      Assigned	
P.Manickam & Co                         BG                    CRISIL A4+   20      Assigned	
Paramount Forge                         BG                    CRISIL A4    30      Assigned	
Pelican International Pvt Ltd           LOC                   CRISIL A4    137.5   Assigned	
Prakash Asphaltings and Toll Highways   BG                    CRISIL A2    770     Reaffirmed	
(India) Ltd	
Prakash Corrugated Pune Pvt Ltd         BG                    CRISIL A4    3       Assigned	
Pushpit Steels Pvt Ltd                  LOC                   CRISIL A3    600     Assigned	
Royalline Resources Ltd                 Packing Credit        CRISIL A4    150     Placed on	
                                                                                   Notice of	
                                                                                   Withdrawal	
Royalline Resources Ltd                 Proposed ST Bk Loan   CRISIL A4    75      Placed on	
                                        Fac                                        Notice of	
                                                                                   Withdrawal	
Shree Automotive Pvt Ltd                BG                    CRISIL A4+   50      Assigned	
Sidhi Jewellers                         BG                    CRISIL A4    50      Reaffirmed	
SMT Machines India Ltd                  LOC                   CRISIL A4    7.5     Assigned	
Sukaso Ceracolors Pvt Ltd               Packing Credit        CRISIL A3+   85      Assigned	
Sukaso Ceracolors Pvt Ltd               LOC Bill Discounting  CRISIL A3+   40      Assigned	
Sukaso Ceracolors Pvt Ltd               LOC                   CRISIL A3+   80      Assigned	
Superon Schweisstechnik India Ltd       BG                    CRISIL A3    30      Assigned	
Veejay Lakshmi Engineering Works Ltd    LOC & BG              CRISIL A3+   200     Reaffirmed	
	
LONG TERM RATINGS:	
-------------------	
Alluri Sitarama Raju Educational SocietyProposed LT Bk Loan   CRISIL BBB-  50.5    Assigned	
                                        Fac	
Alluri Sitarama Raju Educational SocietyLT Loan               CRISIL BBB-  87      Assigned	
Alluri Sitarama Raju Educational SocietyCC                    CRISIL BBB-  12.5    Assigned	
Ambattur Constructions Ltd              LT Loan               CRISIL BBB   99.4    Reaffirmed	
Ambattur Constructions Ltd              Proposed LT Bk Loan   CRISIL BBB   28.8    Reaffirmed	
                                        Fac	
Chiral Biosciences Ltd                  CC                    CRISIL D     80      Downgraded	
                                                                                   from CRISIL	
                                                                                   B-	
Chiral Biosciences Ltd                  Proposed CC Limit     CRISIL D     60      Downgraded	
                                                                                   from CRISIL	
                                                                                   B-	
Chiral Biosciences Ltd                  Proposed TL           CRISIL D     61.7    Downgraded	
                                                                                   from CRISIL	
                                                                                   B-	
Chiral Biosciences Ltd                  TL                    CRISIL D     48.3    Downgraded	
                                                                                   from CRISIL	
                                                                                   B-	
Corona Vitrified Pvt Ltd                Rupee TL^             CRISIL B+    75      Assigned	
^Includes one time Letter of Credit of Rs.22.1 Million	
Corona Vitrified Pvt Ltd                CC                    CRISIL B+    50      Assigned	
Exodus Futura Knit Pvt Ltd              CC*                   CRISIL B-    53      Assigned	
*includes sub limit Export Packing Credit of Rs 20.0 Million	
Exodus Futura Knit Pvt Ltd              TL                    CRISIL B-    90      Assigned	
Ferozepur Foods Pvt Ltd                 TL                    CRISIL B+    16.8    Assigned	
Ferozepur Foods Pvt Ltd                 Proposed LT Bk Loan   CRISIL B+    3.2     Assigned	
                                        Fac	
Ferozepur Foods Pvt Ltd                 CC                    CRISIL B+    200     Assigned	
G V G Industries Pvt Ltd                CC                    CRISIL BB-   60      Reaffirmed	
HPM Chemicals and Fertilizers Ltd       CC                    CRISIL BBB   400     Reaffirmed	
HPM Chemicals and Fertilizers Ltd       TL                    CRISIL BBB   28.5    Reaffirmed	
Janmani International Pvt Ltd           LOC*                  CRISIL B+    6.87    Downgraded	
                                                                                   from CRISIL	
                                                                                   BB-	
Janmani International Pvt Ltd           CC                    CRISIL B+    25      Reaffirmed	
Jivraj Coke Pvt Ltd                     TL                    CRISIL BB-   15      Assigned	
Jivraj Coke Pvt Ltd                     Proposed LT Bk Loan   CRISIL BB-   70      Assigned	
                                        Fac	
Jivraj Coke Pvt Ltd                     CC                    CRISIL BB-   20      Assigned	
Karuturi Ceramics Pvt Ltd               LT Loan               CRISIL D     231.9   Assigned	
Karuturi Ceramics Pvt Ltd               Proposed TL           CRISIL D     8.1     Assigned	
Khanna Properties & Infrastructures Pvt TL                    CRISIL B     270     Assigned	
Ltd	
Lanco Power Ltd                         LT Loan               CRISIL BB    79047   Downgraded	
                                                                                   from CRISIL	
                                                                                   BBB-	
Lanco Power Ltd                         CC                    CRISIL BB    830     Downgraded	
                                                                                   from CRISIL	
                                                                                   BBB-	
Lanco Power Ltd                         CC                    CRISIL BB    830     Downgraded	
                                                                                   from CRISIL	
                                                                                   BBB-	
Lanco Power Ltd                         Proposed LT Bk Loan   CRISIL BB    6       Downgraded	
                                        Fac                                        from CRISIL	
                                                                                   BBB-	
Lok-Beta Pharmaceuticals (I) Pvt Ltd    Packing Credit^       CRISIL B+    57.5    Reaffirmed	
^Fully interchangeable with export bill discounting and includes sub-limit of cash credit to the
extent of Rs.10 million	
Marathon Electric Motors (India) Ltd    Bill Discounting*     CRISIL A     80      Reaffirmed	
*Interchangeable with Cash credit	
Mount Carmel Educational Society        CC                    CRISIL BB    4       Assigned	
Mount Carmel Educational Society        TL                    CRISIL BB    76      Assigned	
Narayan Trading Company                 CC                    CRISIL D     415     Downgraded	
                                                                                   from CRISIL	
                                                                                   BB	
Nitte Education Trust                   LT Loan               CRISIL A     202     Upgraded	
                                                                                   from CRISIL	
                                                                                   A-	
Nitte Education Trust                   Overdraft Fac         CRISIL A     150     Upgraded	
                                                                                   from CRISIL	
                                                                                   A-	
Nitte Education Trust                   Proposed LT Bk Loan   CRISIL A     110     Upgraded	
                                        Fac                                        from CRISIL	
                                                                                   A-	
Omsairam Steels and Alloys Pvt Ltd      TL                    CRISIL BB-   444.8   Assigned	
Omsairam Steels and Alloys Pvt Ltd      CC                    CRISIL BB-   210     Assigned	
Orchid Medical Centre Pvt Ltd           Export Packing Credit CRISIL D     7.5     Assigned	
Orchid Medical Centre Pvt Ltd           TL                    CRISIL D     67.5    Assigned	
P.Manickam & Co                         Overdraft Fac*        CRISIL BB    90      Assigned	
*Long Term Facility	
Paramount Forge                         TL                    CRISIL B+    155.1   Assigned	
Paramount Forge                         Proposed LT Bk Loan   CRISIL B+    118.4   Assigned	
                                        Fac	
Paramount Forge                         CC*                   CRISIL B+    95      Assigned	
* Includes Sub-Limit of Packing Credit of Rs.37.5 Million.	
Parasmal Pagariya & Company             CC                    CRISIL B+    80      Assigned	
Parasmal Pagariya & Company             TL                    CRISIL B+    20      Assigned	
Parasmal Pagariya & Sons                CC                    CRISIL B+    60      Assigned	
Parasmal Pagariya & Sons                TL                    CRISIL B+    40      Assigned	
Pelican International Pvt Ltd           CC                    CRISIL B+    2.5     Assigned	
Prakash Asphaltings and Toll Highways   CC                    CRISIL BBB+  330     Reaffirmed	
(India) Ltd	
Prakash Asphaltings and Toll Highways   TL                    CRISIL BBB+  240     Reaffirmed	
(India) Ltd	
Prakash Corrugated Pune Pvt Ltd         TL                    CRISIL B-    80      Assigned	
Prakash Corrugated Pune Pvt Ltd         Proposed LT Bk Loan   CRISIL B-    35      Assigned	
                                        Fac	
Prakash Corrugated Pune Pvt Ltd         CC                    CRISIL B-    30      Assigned	
Pushpit Steels Pvt Ltd                  CC                    CRISIL BBB-  180     Assigned	
R.S.Trust                               CC                    CRISIL BBB   90      Reaffirmed	
R.S.Trust                               TL                    CRISIL BBB   20      Reaffirmed	
Rajaram and Brothers                    CC                    CRISIL BB    80      Assigned	
Sai Krishna Constructions               LT Loan               CRISIL B+    60      Assigned	
Sai Krishna Constructions               Proposed TL           CRISIL B+    30      Assigned	
Saral Motors                            CC                    CRISIL BB    45      Assigned	
Saral Motors                            Standby Line of CreditCRISIL BB    5       Assigned	
Shakti Plastic Industries               CC                    CRISIL D     20      Reaffirmed	
Shakti Plastic Industries               TL                    CRISIL D     30      Reaffirmed	
Shakti Plastic Industries               Proposed LT Bk Loan   CRISIL D     15      Reaffirmed	
                                        Fac	
Sharda Rice Mill                        CC                    CRISIL BB-   150     Upgraded	
                                                                                   from CRISIL	
                                                                                   B+
Shree Automotive Pvt Ltd                CC                    CRISIL BB-   360     Upgraded	
                                                                                   from CRISIL	
                                                                                   B+	
Sidhi Jewellers                         CC                    CRISIL B     200     Reaffirmed	
SMT Machines India Ltd                  TL                    CRISIL B+    1.5     Assigned	
SMT Machines India Ltd                  CC                    CRISIL B+    130     Assigned	
Sree Skandha Food Processing (India)    CC                    CRISIL BB-   92.5    Upgraded	
Pvt Ltd                                                                            from CRISIL	
                                                                                   B+	
Sree Skandha Food Processing (India)    LT Loan               CRISIL BB-   16.4    Upgraded	
Pvt Ltd                                                                            from CRISIL	
                                                                                   B+	
Sree Skandha Food Processing (India)    Proposed LT Bk Loan   CRISIL BB-   31.1    Upgraded	
Pvt Ltd                                 Fac                                        from CRISIL	
                                                                                   B+	
Subhash Guar Gum Industry Pvt Ltd       Proposed LT Bk Loan   CRISIL B-    120     Assigned	
                                        Fac	
Sukaso Ceracolors Pvt Ltd               TL                    CRISIL BBB   34.3    Assigned	
Sukaso Ceracolors Pvt Ltd               CC*                   CRISIL BBB   160.7   Assigned	
*includes sub limit of Working Capital Demand Loan of Rs. 30.00 Million	
Superon Schweisstechnik India Ltd       CC                    CRISIL BBB-  60      Reaffirmed	
Superon Schweisstechnik India Ltd       TL                    CRISIL BBB-  30      Reaffirmed	
Superon Schweisstechnik India Ltd       Proposed LT Bk Loan   CRISIL BBB-  30      Reaffirmed	
                                        Fac	
Tirumala Realcon Pvt Ltd                CC                    CRISIL BB-   130     Assigned	
Vectus Industries Ltd                   CC                    CRISIL BB+   80      Reaffirmed	
Vectus Industries Ltd                   TL                    CRISIL BB+   60      Reaffirmed	
Veejay Lakshmi Engineering Works Ltd    CC                    CRISIL BBB   150     Reaffirmed	
Vel Trust 1997                          LT Loan               CRISIL BBB   20      Reaffirmed	
Vel Trust 1997                          Overdraft Fac         CRISIL BBB   90      Reaffirmed	
Vijaya Medical Centre                   Proposed LT Bk Loan   CRISIL BBB-  10      Assigned	
                                        Fac	
Vijaya Medical Centre                   TL                    CRISIL BBB-  90      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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