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CRISIL ratings for Indian debt instruments-Jan 29
January 29, 2013 / 7:27 AM / 5 years ago

CRISIL ratings for Indian debt instruments-Jan 29

Jan 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 28, 2013.

COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------       -----   ---------
SHORT TERM RATINGS:
-------------------
ASIP Pvt Ltd                            BG                    CRISIL A4    750     Assigned
Brij Gopal Construction Company Pvt     BG                    CRISIL A3+   250     Suspended
Ltd
Chambal Fertilisers and Chemicals       ST Debt Programme     CRISIL A1+   11500   Reaffirmed
Ltd
Chambal Fertilisers and Chemicals       LOC & BG@             CRISIL A1+   8500    Reaffirmed
Ltd
Chambal Fertilisers and Chemicals       Proposed LOC          CRISIL A1+   2904.8  Reaffirmed
Ltd
Chennai Micro Print P Ltd               BG                    CRISIL A4+   7       Suspended
Chennai Micro Print P Ltd               LOC                   CRISIL A4+   2.3     Suspended
Chennai Micro Print P Ltd               SME Care Loan         CRISIL A4+   10      Suspended
Chennai Micro Print P Ltd               SME Credit            CRISIL A4+   2.5     Suspended
Deepak Construction Co.                 BG                    CRISIL A4+   70      Assigned
DRK Metallurgical Pvt Ltd               Packing Credit        CRISIL A4+   11      Reaffirmed
Ganesh Multiplex Pvt Ltd                LOC                   CRISIL A4    65      Reaffirmed
India Infoline Finance Ltd              ST Bk Fac             CRISIL A1+   0.4     Assigned
India Infoline Finance Ltd              ST Debt Programme     CRISIL A1+   20000   Assigned
Kairali Exports                         Bill Discounting      CRISIL A4+   30      Assigned
Kings Marine Products                   Bill Discounting      CRISIL A4    42.5    Reaffirmed
Kings Marine Products                   Packing Credit        CRISIL A4    42.5    Reaffirmed
Madan Trading Co Pvt Ltd                Proposed ST Bk        CRISIL A4    30      Assigned
                                        Loan Fac
Madan Trading Co Pvt Ltd                Bill Discounting*     CRISIL A4    60      Assigned
* Fully interchangeable with Packing Credit
Madan Trading Co Pvt Ltd                Packing Credit        CRISIL A4    50      Assigned
Mahavir Die Casters Pvt Ltd             Purchase Bill         CRISIL A3    90      Assigned
                                        Discounting
Mahavir Die Casters Pvt Ltd             LOC                   CRISIL A3    150     Assigned
Mahavir Die Casters Pvt Ltd             BG                    CRISIL A3    10      Assigned
Malwi Ship Breaking Co                  LOC                   CRISIL A4+   400     Assigned
Malwi Ship Breaking Co                  Proposed ST Bk        CRISIL A4+   59.8    Assigned
                                        Loan Fac
Millenium Electronics                   LOC                   CRISIL A4    10      Assigned
Oswal Castings Pvt Ltd                  Purchase Bill         CRISIL A3+   100     Assigned
                                        Discounting
Oswal Castings Pvt Ltd                  LOC                   CRISIL A3+   190     Assigned
Oswal Castings Pvt Ltd                  BG                    CRISIL A3+   15      Assigned
Overseas Leather Goods Company Pvt      Packing Credit        CRISIL A4    89.6    Assigned
Ltd
Paliwal GDR Home Styles Pvt Ltd         Bill Purchase         CRISIL A4+   140     Assigned
Paliwal GDR Home Styles Pvt Ltd         Export Packing        CRISIL A4+   60      Assigned
                                        Credit*
* 100% Interchangeable from Export Packing Credit to Bill Purchase
Partap Spintex Ltd                      BG                    CRISIL A4+   22.5    Assigned
Pataka Industries Pvt Ltd               BG                    CRISIL A1    150     Reaffirmed
Prasanthi Cashew Company                Foreign Bill          CRISIL A4+   30      Reaffirmed
                                        Purchase
Prasanthi Cashew Company                Proposed ST Bk        CRISIL A4+   20      Reaffirmed
                                        Loan Fac
Prasanthi Cashew Pvt Ltd                Bill Discounting      CRISIL A4+   40      Reaffirmed
Rohan Builders India Pvt Ltd            BG                    CRISIL A4+   2000    Suspended
Rohan Rajdeep Rajasthan Infra           BG                    CRISIL A4    40      Suspended
Projects Ltd
Rohan Rajdeep Rajasthan Infra           Proposed ST Bk        CRISIL A4    35      Suspended
Projects Ltd                            Loan Fac
Rohan Rajdeep Warora ROB                BG                    CRISIL A4+   8.7     Suspended
Infrastructure
Sai Shipping Company Pvt Ltd            BG                    CRISIL A4+   120.5   Reaffirmed
Shanti Pulses                           LOC                   CRISIL A4    30      Reaffirmed
Shanti Udyog                            LOC                   CRISIL A4    30      Reaffirmed
Shri Ram Multicom Pvt Ltd               BG                    CRISIL A3    35.4    Assigned
Siddhi Vinayak Industries Pvt Ltd       LOC                   CRISIL A4    135     Reaffirmed
Siddhi Vinayak Industries Pvt Ltd       BG                    CRISIL A4    2.5     Reaffirmed
Super Sales India Ltd                   Foreign Bill          CRISIL A4+   10      Downgraded
                                        Discounting                                from CRISIL
                                                                                   A2
Surface Graphics Pvt Ltd                LOC                   CRISIL A4+   75      Reaffirmed
Tirubala International Pvt Ltd          LOC                   CRISIL A3    12.5    Assigned
Unisex Agencies                         Proposed BG           CRISIL A4    5       Assigned
Unisex Agencies                         BG                    CRISIL A4    30      Assigned
Updater Services Pvt Ltd                BG                    CRISIL A3+   50      Assigned
Vialle Alternative Fuel Systems Pvt     BG                    CRISIL A4    1       Suspended
Ltd
Vialle Alternative Fuel Systems Pvt     LOC                   CRISIL A4    40      Suspended
Ltd

MEDIUM TERM RATINGS:
-------------------
Chambal Fertilisers and Chemicals       FD Programme          FAA          -       Reaffirmed
Ltd.

LONG TERM RATINGS:
-------------------
ACT Educational & Charitable Trust      LT Loan               CRISIL D     179     Suspended
Andhra Baryte Corporation Pvt Ltd       LT Loan               CRISIL C     95      Assigned
Andhra Baryte Corporation Pvt Ltd       Proposed TL           CRISIL C     8       Assigned
ASIP Pvt Ltd                            CC                    CRISIL B     650     Assigned
ASIP Pvt Ltd                            TL                    CRISIL B     50      Assigned
Bikanervala                             TL                    CRISIL BB-   126.6   Assigned
Bikanervala                             CC                    CRISIL BB-   10      Assigned

Bikanervala                             Proposed LT Bk        CRISIL BB-   13.4    Assigned
                                        Loan Fac
Brij Gopal Construction Company Pvt     CC                    CRISIL BBB   100     Suspended
Ltd
Brij Gopal Construction Company Pvt     TL                    CRISIL BBB   4       Suspended
Ltd
Chambal Fertilisers and Chemicals       NCD Programme         CRISIL AA-   4500    Withdrawn
Ltd
Chambal Fertilisers and Chemicals       Rupee TL              CRISIL AA-   2780.8  Reaffirmed
Ltd
Chambal Fertilisers and Chemicals       CC                    CRISIL AA-   5250    Reaffirmed
Ltd
Chambal Fertilisers and Chemicals       Proposed TL           CRISIL AA-   500     Reaffirmed
Ltd
Chennai Micro Print P Ltd               CC                    CRISIL BB    50      Suspended
Chennai Micro Print P Ltd               LT Loan               CRISIL BB    64.4    Suspended
Deepak Construction Co.                 Overdraft Fac         CRISIL BB-   20      Assigned
DRK Metallurgical Pvt Ltd               CC                    CRISIL BB-   29      Reaffirmed
DRK Metallurgical Pvt Ltd               Proposed LT Bk        CRISIL BB-   4       Reaffirmed
                                        Loan Fac
Gupta Synthetics Ltd                    BG                    CRISIL D     34.5    Suspended
Gupta Synthetics Ltd                    CC                    CRISIL D     560.5   Suspended
Gupta Synthetics Ltd                    LOC                   CRISIL D     405     Suspended
Gupta Synthetics Ltd                    TL                    CRISIL D     450     Suspended
Gurgaon Info Parks Ltd                  TL                    CRISIL D     116.5   Suspended
India Infoline Finance Ltd              Subordinated Debt     CRISIL AA-   10000   Assigned
India Infoline Finance Ltd              NCDs                  CRISIL AA-   3000    Assigned
India Infoline Finance Ltd              LT Bk Fac             CRISIL AA-   17.5    Assigned
India Infoline Finance Ltd              CC Fac                CRISIL AA-   1.5     Assigned
India Infoline Finance Ltd              Overdraft Fac         CRISIL AA-   0.5     Assigned
India Infoline Finance Ltd              Proposed LT Bk        CRISIL AA-   0.25    Assigned
                                        Loan Fac
Kairali Exports                         Packing Credit        CRISIL BB+   250     Reaffirmed
Klassic Wheels Pvt Ltd                  CC                    CRISIL BB    102     Upgraded
                                                                                   from CRISIL
                                                                                   BB-
Klassic Wheels Pvt Ltd                  TL                    CRISIL BB    131.9   Upgraded
                                                                                   from CRISIL
                                                                                   BB-
Kunj Roller Flour Mills Pvt Ltd         CC                    CRISIL BB    65      Assigned
Kunj Roller Flour Mills Pvt Ltd         Proposed LT Bk Fac    CRISIL BB    35      Assigned
Ladhar Paper Mills                      CC                    CRISIL B-    70      Assigned
Ladhar Paper Mills                      TL                    CRISIL B-    10      Assigned
Landmark Dairy Pvt Ltd                  CC                    CRISIL D     2.5     Downgraded
                                                                                   from CRISIL
                                                                                   B+
Landmark Dairy Pvt Ltd                  TL                    CRISIL D     50      Downgraded
                                                                                   from CRISIL
                                                                                   B+
Maa Bhuasuni Roller Flour Mills         CC                    CRISIL B+    45      Assigned
Maa Bhuasuni Roller Flour Mills         Proposed LT Bk Fac    CRISIL B+    15      Assigned
Mahavir Die Casters Pvt Ltd             CC                    CRISIL BBB-  150     Assigned
Malwi Ship Breaking Co                  CC                    CRISIL BB    40      Assigned
Mange Ram Enterprises Pvt Ltd           CC                    CRISIL BB-   90      Reaffirmed
Millenium Electronics                   CC                    CRISIL B     50      Assigned
Nagarwala Enterprises                   CC                    CRISIL B+    60      Reaffirmed
Oswal Castings Pvt Ltd                  TL                    CRISIL BBB   50      Assigned
Oswal Castings Pvt Ltd                  CC                    CRISIL BBB   100     Assigned
Overseas Leather Goods Company Pvt      TL                    CRISIL B     5.9     Assigned
Ltd
Overseas Leather Goods Company Pvt      Foreign Bill          CRISIL B     18.4    Assigned
Ltd                                     Purchase*
* One way to inter changeability from Foreign Bill Purchase / Foreign Bill Discounting to
Packing Credit upto Rs.17 Million
Paliwal GDR Home Styles Pvt Ltd         TL                    CRISIL BB-   23.8    Assigned
Paliwal GDR Home Styles Pvt Ltd         Proposed LT Bk        CRISIL BB-   8       Assigned
                                        Loan Fac
Partap Spintex Ltd                      CC                    CRISIL BB    210     Assigned
Partap Spintex Ltd                      TL                    CRISIL BB    355.6   Assigned
Partap Spintex Ltd                      Warehouse Financing   CRISIL BB    190     Assigned
Pataka Industries Pvt Ltd               CC                    CRISIL A     30      Reaffirmed
Prasanthi Cashew Company                Packing Credit        CRISIL BB+   350*    Reaffirmed
* Packing credit interchangeable with Cash Credit to the extent of Rs.20 Million and Foreign
Bill Discounting of Rs.60 Million
Prasanthi Cashew Pvt Ltd                Packing Credit        CRISIL BB+   300*    Reaffirmed
* Packing credit interchangeable with Cash Credit to the extent of Rs.45 Million and Foreign
Bill Discounting of Rs.70 Million
Quality Rice Exports Pvt Ltd            CC                    CRISIL B+    100     Assigned
Raghuvanshi Industries                  CC                    CRISIL B+    200     Assigned
Rohan Builders India Pvt Ltd            CC                    CRISIL BB+   200     Suspended
Rohan Builders India Pvt Ltd            Rupee TL              CRISIL BB+   113.4   Suspended
Rohan Rajdeep Rajasthan Infra           Proposed LT Bk        CRISIL B+    237.2   Suspended
Projects Ltd                            Loan Fac
Rohan Rajdeep Rajasthan Infra           Rupee TL              CRISIL B+    1125    Suspended
Projects Ltd
Rohan Rajdeep Toll Roads Ltd            Rupee TL              CRISIL BBB+  2000    Suspended
Rohan Rajdeep Warora ROB                Rupee TL              CRISIL BB    237.5   Suspended
Infrastructure
Sahil Concast Pvt Ltd                   TL                    CRISIL B+    10      Assigned
Sahil Concast Pvt Ltd                   CC                    CRISIL B+    45      Assigned
Sahil Concast Pvt Ltd                   Proposed LT Bk        CRISIL B+    5       Assigned
                                        Loan Fac
Sai Shipping Company Pvt Ltd            CC                    CRISIL BB-   13      Assigned
Shanti Pulses                           CC                    CRISIL B+    30      Reaffirmed
Shanti Udyog                            CC                    CRISIL B+    30      Reaffirmed
Shri Ram Mall Pvt Ltd                   TL                    CRISIL BB+   300     Reaffirmed
Shri Ram Multicom Pvt Ltd               TL                    CRISIL BBB-  132.4   Reaffirmed
Shri Ram Multicom Pvt Ltd               Proposed LT Bk        CRISIL BBB-  82.2    Assigned
                                        Loan Fac
Siddhi Vinayak Industries Pvt Ltd       CC                    CRISIL B+    10      Reaffirmed
Sifti Rice Mills                        TL                    CRISIL B     6.8     Assigned
Sifti Rice Mills                        CC                    CRISIL B     120     Assigned
Sifti Rice Mills                        Proposed LT Bk        CRISIL B     7.6     Assigned
                                        Loan Fac
Singh Cycle & Motor Co.                 Inventory Funding     CRISIL BB-   50      Assigned
                                        Fac
Singh Cycle & Motor Co.                 Proposed LT Bk        CRISIL BB-   25      Assigned
                                        Loan Fac
Super Sales India Ltd                   CC                    CRISIL BB+   325     Downgraded
                                                                                   from CRISIL
                                                                                   BBB+
Super Sales India Ltd                   WC Demand Loan        CRISIL BB+   100     Downgraded
                                                                                   from CRISIL
                                                                                   BBB+
Super Sales India Ltd                   Rupee TL              CRISIL BB+   308.4   Downgraded
                                                                                   from CRISIL
                                                                                   BBB+
Super Sales India Ltd                   Foreign Currency TL   CRISIL BB+   27.4    Downgraded
                                                                                   from CRISIL
                                                                                   BBB+
Surface Graphics Pvt Ltd                CC                    CRISIL BB-   37.5    Reaffirmed
Surface Graphics Pvt Ltd                Proposed LT Bk        CRISIL BB-   27.5    Reaffirmed
                                        Loan Fac
Surface Graphics Pvt Ltd                TL                    CRISIL BB-   20      Reaffirmed
T I Motors Pvt Ltd                      CC                    CRISIL BB-   20      Reaffirmed
T I Motors Pvt Ltd                      Inventory Funding     CRISIL BB-   23.3    Reaffirmed
                                        Fac
T I Motors Pvt Ltd                      Standby Line of       CRISIL BB-   3       Reaffirmed
                                        Credit
T I Motors Pvt Ltd                      TL                    CRISIL BB-   15      Reaffirmed
Thirumala Child Health Services Pvt     CC                    CRISIL B+    7.5     Assigned
Ltd
Thirumala Child Health Services Pvt     TL                    CRISIL B+    93.5    Assigned
Ltd
Tirubala International Pvt Ltd          Packing Credit        CRISIL BBB-  160     Assigned
Tirubala International Pvt Ltd          Foreign Bill          CRISIL BBB-  280     Assigned
                                        Purchase
Unisex Agencies                         Proposed CC Limit     CRISIL B+    25      Assigned
Unisex Agencies                         CC                    CRISIL B+    40      Assigned
Updater Services Pvt Ltd                CC                    CRISIL BBB   150*    Assigned
Interchangeable with bank guarantee to the extent of Rs.50.0 Million
Uttam Cotton Mills Pvt Ltd              CC                    CRISIL D     160     Downgraded
                                                                                   from CRISIL
                                                                                   BB-
Vialle Alternative Fuel Systems Pvt     CC                    CRISIL B-    68      Suspended
Ltd
Vidyasagar Himghar Pvt Ltd              TL                    CRISIL B-    71.5    Assigned
Vidyasagar Himghar Pvt Ltd              CC                    CRISIL B-    14.5    Assigned
Vidyasagar Himghar Pvt Ltd              Proposed LT Bk        CRISIL B-    4       Assigned
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: 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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