August 27, 2013 / 6:08 AM / 4 years ago

CRISIL ratings for Indian debt instruments-Aug 27

Aug 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 26, 2013.

COMPANY                               INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                      (RS.MLN)
------                                ----------         ------        -----    ---------
SHORT TERM RATINGS:
-------------------
Anandtex International Pvt Ltd        Foreign Bill       CRISIL A4+     60      Reaffirmed
                                      Purchase*
*One way interchangeability from Foreign Bill Purchase (FBP) limit to Packing Credit limit to
the extent of Rs.40 Mln
Anandtex International Pvt Ltd        Packing Credit     CRISIL A4+     200     Reaffirmed
Anandtex International Pvt Ltd        Foreign Exchange   CRISIL A4+     14      Reaffirmed
                                      Forward Limit
Anandtex International Pvt Ltd        Standby Line of    CRISIL A4+     50      Reaffirmed
                                      Credit
Anandtex International Pvt Ltd        LOC                CRISIL A4+     180     Reaffirmed
Anpras Food Products Pvt Ltd          Import LOC Limit   CRISIL A4      12      Assigned
Astra Lifecare (India) Pvt Ltd        BG                 CRISIL A3      80      Assigned
B.N.R. Constructions                  BG                 CRISIL A4+     200     Assigned
Calcutta Overseas                     Foreign            CRISIL A4+     110     Reaffirmed
                                      Documentary Bills
                                      Purchase
Calcutta Overseas                     Packing Credit     CRISIL A4+     30      Reaffirmed
Exotica Ceramic Pvt Ltd               BG                 CRISIL A4      6.2     Suspended
Glorious Trading Pvt Ltd              Letter of Credit   CRISIL A4      45      Reaffirmed
Hitachi Home & Life Solutions (India) ST Debt (Including CRISIL A1+     200     Reaffirmed
Ltd                                   CP)
Hitachi Home & Life Solutions (India) LOC & BG^          CRISIL A1+     1500    Reaffirmed
Ltd
^ Bank Guarantees are fully interchangeable with Letter of credit
Indus Towers Ltd                      BG                 CRISIL A1+     500     Reaffirmed
Indus Towers Ltd                      Buyer Credit Limit CRISIL A1+     1000    Reaffirmed
Indus Towers Ltd                      ST Debt            CRISIL A1+     10000   Reaffirmed
Indus Towers Ltd                      Proposed ST Bk     CRISIL A1+     12000   Reaffirmed
                                      Loan Fac
Jansons Industries Ltd                LOC and BG         CRISIL A3      15      Reaffirmed
Jansons Industries Ltd                Loan Equivalent    CRISIL A3      20      Reaffirmed
                                      Risk Limits
Mahindra Rural Housing Finance Ltd    ST Debt Programme  CRISIL A1+     500     Reaffirmed
                                      (Including CP)
Musaddilals Jewellers (India) Pvt Ltd BG                 CRISIL A4+     150     Reaffirmed
Rajkar Bros                           LOC                CRISIL A4+     50      Assigned
Ramji Agencies                        BG                 CRISIL A4      90      Assigned
Ratnaveer Stainless Products Pvt Ltd  BG                 CRISIL A4+     1.1     Reaffirmed
Ratnaveer Stainless Products Pvt Ltd  LOC^^              CRISIL A4+     538.9   Reaffirmed
^^ Interchangeable with Bank Guarantee/ Buyer's Credit
Samsun Ceramic Pvt Ltd                BG                 CRISIL A4      5.5     Suspended
Shantilal C. Mehta                    LOC                CRISIL A3      80      Downgraded
                                                                                from 'CRISIL
                                                                                A3+
Sharp Global Ltd                      BG^                CRISIL A3      250     Reaffirmed
^Includes sub limit of letter of credit to an extent of Rs.150.0 Mn
Sharp Global Ltd                      Packing Credit in  CRISIL A3      8900    Reaffirmed
                                      Foreign Currency*
*100% interchangeability from pre shipment to post shipment
Sharp Global Ltd                      Packing Credit in  CRISIL A3      1000    Reaffirmed
                                      Foreign Currency#
#50% interchangeability from pre shipment to post shipment
Sharp Global Ltd                      Packing Credit in  CRISIL A3      1000    Reaffirmed
                                      Foreign Currency
Sharp Global Ltd                      Post Shipment      CRISIL A3      100     Reaffirmed
                                      Credit
Sohoni Metal Craft Pvt Ltd            LOC                CRISIL A4+     30      Assigned
South Calcutta Diesels Pvt Ltd        BG                 CRISIL A4+     35      Assigned
Sovika Aviation Services Pvt Ltd      BG                 CRISIL A4      10      Assigned
Swashthik Industriees                 LOC                CRISIL A4      20      Assigned

LONG TERM RATINGS:
-------------------
Anandtex International Pvt Ltd        CC                 CRISIL BB-     140     Reaffirmed
Anandtex International Pvt Ltd        TL                 CRISIL BB-     273.1   Reaffirmed
Anpras Food Products Pvt Ltd          TL                 CRISIL B+      32.5    Assigned
Anpras Food Products Pvt Ltd          CC                 CRISIL B+      15      Assigned
Astra Lifecare (India) Pvt Ltd        TL                 CRISIL BBB-    247.3   Assigned
Astra Lifecare (India) Pvt Ltd        Export Packing     CRISIL BBB-    650     Assigned
                                      Credit
Astra Lifecare (India) Pvt Ltd        Credit Limit Under CRISIL BBB-    130     Assigned
                                      Gold Card
Atul Projects India Ltd               Proposed LT Bk     CRISIL BB+     50      Assigned
                                      Loan Fac
Atul Projects India Ltd               TL                 CRISIL BB+     450     Assigned
B.N.R. Constructions                  Overdraft Fac      CRISIL BB      50      Assigned
Balar Exports                         Packing Credit     CRISIL D       16      Suspended
Balar Exports                         Post Shipment      CRISIL D       44      Suspended
                                      Credit
Balar Exports                         Proposed ST Bk     CRISIL D       15      Suspended
                                      Loan Fac
Bhanu International Resorts and HotelsLT Loan            CRISIL B-      160     Upgraded from
Pvt Ltd                                                                         CRISIL D
Bhumi Cottex Industry Pvt Ltd         Medium TL          CRISIL D       140     Assigned
Bhumi Cottex Industry Pvt Ltd         BG                 CRISIL D       10      Assigned
Bhumi Cottex Industry Pvt Ltd         CC                 CRISIL D       100     Assigned
Blue Dreamz Advertising Pvt Ltd       Proposed TL        CRISIL B-      20      Assigned
Blue Dreamz Advertising Pvt Ltd       CC                 CRISIL B-      25      Assigned

Blue Dreamz Advertising Pvt Ltd       Proposed CC Limit  CRISIL B-      35      Assigned
Cosmo Electro Industries Pvt Ltd      CC                 CRISIL BB      137     Reaffirmed
Cosmo Electro Industries Pvt Ltd      Proposed LT Bk     CRISIL BB      50.5    Reaffirmed
                                      Loan Fac
Cosmo Electro Industries Pvt Ltd      TL                 CRISIL BB      47.5    Reaffirmed
Exotica Ceramic Pvt Ltd               CC                 CRISIL B       20      Suspended
Exotica Ceramic Pvt Ltd               Rupee TL           CRISIL B       35.4    Suspended
Glorious Trading Pvt Ltd              Proposed LT Bank   CRISIL A4      45      Reaffirmed
                                      Loan Facility
Hitachi Home & Life Solutions (India) CC                 CRISIL AA-     1000    Reaffirmed
Ltd
Indus Towers Ltd                      Bond Issue         CRISIL AA      25000   Reaffirmed
Indus Towers Ltd                      Overdraft Fac      CRISIL AA      7000    Reaffirmed
Indus Towers Ltd                      TL                 CRISIL AA      94500   Reaffirmed
Jansons Industries Ltd                CC^                CRISIL BBB-    450     Reaffirmed
^ Includes sublimit of Rs.100 million for export packing credit/export packing in foreign
currency/foreign bills purchase
Jansons Industries Ltd                CC                 CRISIL BBB-    50      Reaffirmed
Jansons Industries Ltd                LT Loan            CRISIL BBB-    85      Reaffirmed
Mahindra Rural Housing Finance Ltd    WC Demand Loan     CRISIL AA-     0.75    Reaffirmed
Mahindra Rural Housing Finance Ltd    LT Bk Fac          CRISIL AA-     5.7     Reaffirmed
Mahindra Rural Housing Finance Ltd    Proposed LT Bk Fac CRISIL AA-     1.05    Reaffirmed
Musaddilals Jewellers (India) Pvt Ltd CC                 CRISIL BB-     200     Reaffirmed
Musaddilals Jewellers (India) Pvt Ltd Proposed LT Bk     CRISIL BB-     50      Reaffirmed
                                      Loan Fac
Rajkar Bros                           CC                 CRISIL BB      50      Assigned
Ramji Agencies                        CC                 CRISIL B+      60      Assigned
Ramvijay Cotton Mills Pvt Ltd         CC                 CRISIL B+      90      Reaffirmed
Ratnaveer Stainless Products Pvt Ltd  CC*                CRISIL BB      156     Reaffirmed
* Interchangeable with Export Packing Credit/ Packing Credit in Foreign Currency/Foreign Bill
Purchase/ Foreign Bill Discounting
Ratnaveer Stainless Products Pvt Ltd  TL                 CRISIL BB      6.2     Reaffirmed
Samsun Ceramic Pvt Ltd                CC                 CRISIL B       20      Suspended
Samsun Ceramic Pvt Ltd                Rupee TL           CRISIL B       30      Suspended
Satguru Agro Industries Ltd           CC                 CRISIL BB-     100     Reaffirmed
Satguru Agro Industries Ltd           TL                 CRISIL BB-     10.5    Reaffirmed
Satguru Agro Industries Ltd           Proposed LT Bk Fac CRISIL BB-     6       Reaffirmed
Shah Housecon Pvt Ltd                 TL                 CRISIL BB-     500     Assigned
Shantilal C. Mehta                    CC                 CRISIL BBB-    60      Downgraded
                                                                                from CRISIL
                                                                                BBB
Sharp Global Ltd                      WC Demand Loan     CRISIL BBB-    350     Reaffirmed
Sohoni Metal Craft Pvt Ltd            CC                 CRISIL BB-     20      Assigned
Sohoni Metal Craft Pvt Ltd            Standby Line of    CRISIL BB-     3       Assigned
                                      Credit
Sohoni Metal Craft Pvt Ltd            Rupee TL           CRISIL BB-     2       Assigned
South Calcutta Diesels Pvt Ltd        CC                 CRISIL BB-     18      Assigned
Sovika Aviation Services Pvt Ltd      TL                 CRISIL B       85.5    Assigned
Sovika Aviation Services Pvt Ltd      CC                 CRISIL B       34.5    Assigned
Sri Venkatrama Agro Tech              CC                 CRISIL B+      120     Assigned
Sri Venkatrama Agro Tech              Proposed CC Limit  CRISIL B+      20      Assigned
Sriven Corporation                    CC                 CRISIL BB-     80      Assigned
Sriven Corporation                    Proposed CC Limit  CRISIL BB-     30      Assigned
Swashthik Industriees                 CC*                CRISIL B+      47.5    Assigned
*Includes small and medium enterprise credit of Rs.2.5 million
Swashthik Industriees                 LT Loan            CRISIL B+      33.1    Assigned
Swashthik Industriees                 Proposed LT Bk LoanCRISIL B+      0.4     Assigned
Vidhatri Exports Pvt Ltd              Export Packing     CRISIL B       60      Assigned
                                      Credit*
*Sub Limit of Foreign Bill Discounting/ Foreign Bill Purchased of Rs.35.00 million
--------------------------------------------------------------------------------------------
$: 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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