August 13, 2014 / 5:38 AM / 3 years ago

CRISIL ratings for Indian debt instruments-Aug 13

Aug 13 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 12, 2014.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Cheviot Co. Ltd                       LOC & BG           CRISIL A1+     72.5    Reaffirmed
Cheviot Co. Ltd                       Proposed ST Bk     CRISIL A1+     14      Reaffirmed
                                      Loan Fac
Chhotanagpur Rope Works Pvt Ltd       LOC                CRISIL A4+     8.5     Reaffirmed
Coastal Agro Industries Ltd           BG                 CRISIL A3      2       Reaffirmed
Coastal Agro Industries Ltd           LOC                CRISIL A3      10      Reaffirmed
Cochin Frozen Food Exports Pvt Ltd    Packing Credit     CRISIL A4      100     Reaffirmed
Cochin Frozen Food Exports Pvt Ltd    Post Shipment      CRISIL A4      81.6    Reaffirmed
                                      Credit
Decibels Electronics Pvt Ltd          LOC & BG           CRISIL A4      30      Assigned
Dev Priya Industries Ltd              BG                 CRISIL A3      20      -
Excel Prime Commodities Pvt Ltd       Buyer Credit Limit CRISIL A4+     90      -
Excel Prime Commodities Pvt Ltd       Proposed ST Bk     CRISIL A4+     30      -
                                      Loan Fac
Export-Import Bank of India           ST CD Programme*   CRISIL A1+     1017.954Reaffirmed
*The amount outstanding under both the long-term and short-term certificates of deposit
programmes and commercial paper programme will not exceed Rs.101.7954 billion at any point in
time.
Export-Import Bank of India           CP Programme*      CRISIL A1+     1017.954Reaffirmed
*The amount outstanding under both the long-term and short-term certificates of deposit
programmes and commercial paper programme will not exceed Rs.101.7954 billion at any point in
time.
Flovel Energy Pvt Ltd                 BG                 CRISIL A3      622.1   Reaffirmed
Flovel Energy Pvt Ltd                 LOC                CRISIL A3      322.9   Reaffirmed
Hindustan Glass Works Ltd             LOC                CRISIL A3      49      Reaffirmed
Indiabulls Housing Finance Ltd        ST Bk Fac          CRISIL A1+     10490   Reaffirmed
Indra Hosiery Mills                   Inland/Import LOC  CRISIL A4+     15      Assigned
Maharaja Palanisamy Garments          Foreign Exchange   CRISIL A4      5       Assigned
                                      Forward
Maharaja Palanisamy Garments          BG                 CRISIL A4      9       Assigned
Maharaja Palanisamy Garments          Packing Credit     CRISIL A4      30      Assigned
Maharaja Palanisamy Garments          Foreign Bill       CRISIL A4      10      Assigned
                                      Negotiation
Mercury Laboratories Ltd              BG                 CRISIL A4+     7.5     Reaffirmed
Mercury Laboratories Ltd              LOC                CRISIL A4+     7.5     Reaffirmed
Nahar Colours & Coating Ltd           LOC                CRISIL A2      150     Reaffirmed
Nahar Colours & Coating Ltd           Packing Credit     CRISIL A2      10      Reaffirmed
National Bank for Agriculture and RuraCP                 CRISIL A1+     110000  Reaffirmed
Development
(Enhanced from Rs.90 Billion)
National Bank for Agriculture and RuraOne-Year CDs       CRISIL A1+     20000   Reaffirmed
Development                           Programme
Orient Glazes Ltd                     Inland/Import LOC  CRISIL A2      200     Reaffirmed
Pallavi Motors Pvt Ltd                BG                 CRISIL A4+     30      Reaffirmed
Power One Micro Systems Pvt Ltd       BG                 CRISIL A3      40      Reaffirmed
Power One Micro Systems Pvt Ltd       LOC                CRISIL A3      60      Reaffirmed
Premier Ispat Ltd                     BG                 CRISIL A4+     20      Reaffirmed
Pro Minerals Pvt Ltd                  BG                 CRISIL A4      120     Assigned
Shivaji Roller Flour Mills Pvt Ltd    BG                 CRISIL A4+     100     Reaffirmed
Skipper Electricals (India) Ltd       BG                 CRISIL A3      850     Downgraded
                                                                                from CRISIL
                                                                                A3+
Skipper Electricals (India) Ltd       Packing Credit     CRISIL A3      196     Downgraded
                                                                                from CRISIL
                                                                                A3+
Sohoni Metal Craft Pvt Ltd            LOC                CRISIL A4+     30      Reaffirmed
Sonaki Ceramic                        BG                 CRISIL A4      6.5     Reaffirmed
Super Dynic Clothing Pvt Ltd          Packing Credit     CRISIL A4+     10      Assigned
Superon Schweisstechnik India Ltd     BG                 CRISIL A3+     30      Reaffirmed
Superon Schweisstechnik India Ltd     Bill Discounting   CRISIL A3+     90      Reaffirmed
Unified Electronics (India) Ltd       BG                 CRISIL A4      15      Reaffirmed
Unified Electronics (India) Ltd       Bill Discounting   CRISIL A4      6       Reaffirmed
Vaghani Inc                           Buyer Credit Limit CRISIL A4+     90      -
Vaghani Inc                           Proposed ST Bk     CRISIL A4+     30      -
                                      Loan Fac
MEDIUM TERM RATINGS:
-------------------    
Export-Import Bank of India           Term Deposit       FAAA                   Reaffirmed
                                      Programme 
National Bank for Agriculture and RuraFD                 FAAA           1000    Reaffirmed
Development
    
LONG TERM RATINGS:
-------------------    
Adroit Urban Developers (P) Ltd       TL                 CRISIL B+      120     Assigned
Adroit Urban Developers (P) Ltd       LT Loan            CRISIL B+      42      Assigned
Adroit Urban Developers (P) Ltd       Proposed LT Bk     CRISIL B+      188     Assigned
                                      Loan Fac
Cheviot Co. Ltd                       CC*                CRISIL A+      150     Reaffirmed
*The cash credit limit has a sub-limit of Rs.130.0 million for export packing credit and packing
credit; this is further interchangeable with foreign bill discounting up to Rs.50.0 million
Cheviot Co. Ltd                       TL                 CRISIL A+      3.5     Reaffirmed
Chhotanagpur Rope Works Pvt Ltd       CC                 CRISIL BB+     51.5    Upgraded from
                                                                                CRISIL BB
Chhotanagpur Rope Works Pvt Ltd       Proposed LT Bk     CRISIL BB+     15.1    Upgraded from
                                      Loan Fac                                  CRISIL BB
Chhotanagpur Rope Works Pvt Ltd       Standby LOC        CRISIL BB+     8.5     Upgraded from
                                                                                CRISIL BB
Chhotanagpur Rope Works Pvt Ltd       TL                 CRISIL BB+     1.4     Upgraded from
                                                                                CRISIL BB
Coastal Agro Industries Ltd           CC                 CRISIL BBB-    110     Reaffirmed
Coastal Agro Industries Ltd           LT Loan            CRISIL BBB-    30      Reaffirmed
Coastal Agro Industries Ltd           Proposed LT Bk     CRISIL BBB-    54.7    Reaffirmed
                                      Loan Fac
Cochin Frozen Food Exports Pvt Ltd    LT Loan            CRISIL B+      2.3     Upgraded from
                                                                                CRISIL B
Decibels Electronics Pvt Ltd          LT Loan            CRISIL B-      17.5    Assigned

Decibels Electronics Pvt Ltd          CC                 CRISIL B-      15      Assigned
Dev Priya Industries Ltd              CC                 CRISIL BBB-    300     -
Dev Priya Industries Ltd              Rupee TL           CRISIL BBB-    180     -
Export-Import Bank of India           Proposed LT Bk     CRISIL AAA     30000   Reaffirmed
                                      Loan Fac
Export-Import Bank of India           Bond               CRISIL AAA     15000   Assigned
Export-Import Bank of India           Bond               CRISIL AAA     50000   Reaffirmed
Export-Import Bank of India           Bonds              CRISIL AAA     3140.19 Reaffirmed
Export-Import Bank of India           LT CD Programme*   CRISIL AAA     1017.954Reaffirmed
Flovel Energy Pvt Ltd                 CC                 CRISIL BBB-    110     Reaffirmed
Flovel Energy Pvt Ltd                 TL                 CRISIL BBB-    5       Reaffirmed
Garnet Construction Ltd               Overdraft Fac      CRISIL BB+     50      Assigned
Garnet Construction Ltd               Lease Rental       CRISIL BBB(SO) 144.5   Assigned
                                      Discounting Loan
Hindustan Glass Works Ltd             CC                 CRISIL BBB-    101     Reaffirmed
Hindustan Glass Works Ltd             Proposed LT Bk     CRISIL BBB-    1       Reaffirmed
                                      Loan Fac
Holiday Village Resorts Pvt Ltd       CC                 CRISIL D       20      Reaffirmed
Holiday Village Resorts Pvt Ltd       TL                 CRISIL D       151.2   Reaffirmed
Indiabulls Housing Finance Ltd        CC                 CRISIL AA+     52000   Reaffirmed
Indiabulls Housing Finance Ltd        LT Bk Fac          CRISIL AA+     166702.2Reaffirmed
Indiabulls Housing Finance Ltd        Proposed LT Bk     CRISIL AA+     46307.6 Reaffirmed
                                      Loan Fac
Indra Hosiery Mills                   Proposed LT Bk     CRISIL BB      16      Assigned
                                      Loan Fac
Indra Hosiery Mills                   CC                 CRISIL BB      39      Assigned
IV County Pvt. Ltd                    TL                 CRISIL BB-     3000    Assigned
Jagani Brothers Corporation           CC                 CRISIL BB-     90      Upgraded from
                                                                                CRISIL B+/
Jay Jalaram Hostel                    TL                 CRISIL BB-     90      Assigned
Mahamaya Foods & Grains Pvt Ltd       CC                 CRISIL BB-     178.5   Reaffirmed
Mahamaya Foods & Grains Pvt Ltd       Proposed LT Bk     CRISIL BB-     42.5    Reaffirmed
                                      Loan Fac
Mahamaya Foods & Grains Pvt Ltd       TL                 CRISIL BB-     79      Reaffirmed
Maharaja Palanisamy Garments          TL                 CRISIL B       26.8    Assigned
Maharaja Palanisamy Garments          Foreign Bill       CRISIL B       20      Assigned
                                      Discounting
Maharaja Palanisamy Garments          CC                 CRISIL B       10      Assigned
Maharaja Palanisamy Garments          Proposed LT Bk     CRISIL B       14.2    Assigned
                                      Loan Fac
Mercury Laboratories Ltd              CC                 CRISIL BB      40      Reaffirmed
Mercury Laboratories Ltd              TL                 CRISIL BB      72.5    Reaffirmed
Nahar Colours & Coating Ltd           CC                 CRISIL BBB+    240     Reaffirmed
Nahar Colours & Coating Ltd           Proposed LT Bk     CRISIL BBB+    12.5    Reaffirmed
                                      Loan Fac
Nahar Colours & Coating Ltd           TL                 CRISIL BBB+    167.5   Reaffirmed
Nandan Cotex Pvt Ltd                  CC                 CRISIL B+      100     Upgraded from
                                                                                CRISIL B
Nandan Cotex Pvt Ltd                  Proposed LT Bk     CRISIL B+      2.4     Upgraded from
                                      Loan Fac                                  CRISIL B
Nandan Cotex Pvt Ltd                  TL                 CRISIL B+      17.6    Upgraded from
                                                                                CRISIL B
National Bank for Agriculture and RuraBONDS              CRISIL AAA     760000  Reaffirmed
Development
Orient Glazes Ltd                     CC                 CRISIL BBB+    110     Reaffirmed
Orient Glazes Ltd                     Proposed LT Bk     CRISIL BBB+    90      Reaffirmed
                                      Loan Fac
Pallavi Motors Pvt Ltd                CC                 CRISIL BB      47.5    Reaffirmed
Pallavi Motors Pvt Ltd                Inventory Funding  CRISIL BB      25      Reaffirmed
                                      Fac
Power One Micro Systems Pvt Ltd       CC                 CRISIL BBB-    63.5    Reaffirmed
Pragana Danwar Food Processor Pvt Ltd CC                 CRISIL D       8       Assigned
Pragana Danwar Food Processor Pvt Ltd TL                 CRISIL D       60      Assigned
Prakash Woollen Mills Ltd             CC - Book Debt     CRISIL BB+     90      Reaffirmed
Prakash Woollen Mills Ltd             CC-Stock           CRISIL BB+     90      Reaffirmed
Prakash Woollen Mills Ltd             TL                 CRISIL BB+     110     Reaffirmed
Premier Ispat Ltd                     CC                 CRISIL BB-     205     Reaffirmed
Premier Ispat Ltd                     Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                      Loan Fac
Pro Minerals Pvt Ltd                  CC                 CRISIL B+      850     Assigned
Pro Minerals Pvt Ltd                  TL                 CRISIL B+      3680    Assigned
Rational Engineers Ltd                Proposed LT Bk     CRISIL BBB-    250     Assigned
                                      Loan Fac
Shivaji Roller Flour Mills Pvt Ltd    CC                 CRISIL BB      50      Upgraded from
                                                                                CRISIL BB-
Shri Venkateshwara Corporation        CC                 CRISIL BB-     60      -
Shri Venkateshwara Corporation        Proposed CC Limit  CRISIL BB-     12      -
Shri Venkateshwara Corporation        TL                 CRISIL BB-     8       -
Skipper Electricals (India) Ltd       CC                 CRISIL BBB-    80      Downgraded
                                                                                from CRISIL
                                                                                BBB
Skipper Electricals (India) Ltd       Proposed LT Bk     CRISIL BBB-    141     Downgraded
                                      Loan Fac                                  from CRISIL
                                                                                BBB
Sohoni Metal Craft Pvt Ltd            CC                 CRISIL BB-     20      Reaffirmed
Sohoni Metal Craft Pvt Ltd            Rupee TL           CRISIL BB-     2       Reaffirmed
Sohoni Metal Craft Pvt Ltd            Standby Line of    CRISIL BB-     3       Reaffirmed
                                      Credit
Sonaki Ceramic                        CC                 CRISIL B       30      Upgraded from
                                                                                CRISIL B-
Sonaki Ceramic                        TL                 CRISIL B       66.5    Upgraded from
                                                                                CRISIL B-
Super Dynic Clothing Pvt Ltd          TL                 CRISIL BB-     13.2    Assigned
Super Dynic Clothing Pvt Ltd          Proposed LT Bk     CRISIL BB-     11.8    Assigned
                                      Loan Fac
Super Dynic Clothing Pvt Ltd          Bill Discounting   CRISIL BB-     10      Assigned
Super Dynic Clothing Pvt Ltd          CC                 CRISIL BB-     80      Assigned
Superon Schweisstechnik India Ltd     CC                 CRISIL BBB     90      Reaffirmed
TUF Metallurgical Pvt. Ltd            Export Packing     CRISIL BB+     350     Assigned
                                      Credit
Unified Electronics (India) Ltd       CC                 CRISIL B       25      Reaffirmed
Unified Electronics (India) Ltd       LT Loan            CRISIL B       13.9    Reaffirmed
--------------------------------------------------------------------------------------------
$: 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below