Reuters logo
CRISIL ratings for Indian debt instruments-Jul 14
July 14, 2015 / 5:07 AM / 2 years ago

CRISIL ratings for Indian debt instruments-Jul 14

Jul 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 13, 2015.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amroon Foods Pvt Ltd                    BG                 CRISIL A3      5       Reaffirmed
Amroon Foods Pvt Ltd                    Bill Discounting   CRISIL A3      400     Reaffirmed
Amroon Foods Pvt Ltd                    Export Packing     CRISIL A3      200     Reaffirmed
                                        Credit
Biocon Ltd                              ST Bk Fac**        CRISIL A1+     2030    Reaffirmed
**Fully interchangeable with packing credit.
Dayal Fertilizers Pvt Ltd               BG                 CRISIL A2+     2.5     Upgraded from
                                                                                  CRISIL BBB+
Dayal Fertilizers Pvt Ltd               LOC                CRISIL A2+     20      Upgraded from
                                                                                  CRISIL BBB+
Durable Ceramics Pvt Ltd                BG                 CRISIL A4      50      Reaffirmed
Elcome Integrated Systems Pvt Ltd       BG                 CRISIL A3+     50      Reaffirmed
Elcome Integrated Systems Pvt Ltd       LOC                CRISIL A3+     150     Reaffirmed
Fair Exports India Pvt Ltd              BG                 CRISIL A3      10      Reaffirmed
Fair Exports India Pvt Ltd              Bill Discounting   CRISIL A3      250     Reaffirmed
Fair Exports India Pvt Ltd              Export Packing     CRISIL A3      250     Reaffirmed
                                        Credit
Hi Tech Construction                    BG                 CRISIL A1+     200     Reaffirmed
Hind Polyfabs Pvt Ltd                   LOC                CRISIL A4+     40      Reaffirmed
JPM Exports Pvt Ltd                     Bill Discounting   CRISIL A4+     50      Reaffirmed
JPM Exports Pvt Ltd                     Packing Credit     CRISIL A4+     250     Reaffirmed
K K Welding Ltd                         Overdraft Fac      CRISIL A4+     265     Assigned
K K Welding Ltd                         Inland/Import LOC  CRISIL A4+     50      Assigned
Motilal Oswal Financial Services Ltd    CP Programme       CRISIL A1+     4       Reaffirmed
Motilal Oswal Financial Services Ltd    CP Programme       CRISIL A1+     3       Reaffirmed
Piyush Overseas Pvt Ltd                 BG                 CRISIL A4+     0.3     Reaffirmed
Piyush Overseas Pvt Ltd                 Export Packing     CRISIL A4+     30      Reaffirmed
                                        Credit^
^ Fully interchangeable with foreign bills purchase limit
Piyush Overseas Pvt Ltd                 LOC                CRISIL A4+     29.7    Reaffirmed
Rahul Cables Pvt Ltd                    BG                 CRISIL A4+     475.4   Reaffirmed
Sentiss Pharma Pvt Ltd                  Packing Credit     CRISIL A2+     360     Reaffirmed
#Includes sub-limits for cash credit, packing credit, working demand loan, and letter of credit
South City Projects (Kolkata) Ltd       BG                 CRISIL A2      123.6   Reaffirmed
South City Projects (Kolkata) Ltd       Overdraft Fac      CRISIL A2      20      Reaffirmed
Technico Strips and Tubes Pvt Ltd       LOC                CRISIL A4      160     Reaffirmed
Texbond Nonwovens                       BG                 CRISIL A4+     2       Reaffirmed
Texbond Nonwovens                       LOC                CRISIL A4+     5       Reaffirmed
Vasudev Power Pvt Ltd                   BG                 CRISIL A4+     50      Assigned
Vasudev Power Pvt Ltd                   Overdraft Fac      CRISIL A4+     10      Assigned
Vishwanath Paper and Boards Ltd         LOC                CRISIL A4+     200     Assigned
VMT Spinning Co. Ltd                    BG                 CRISIL A1+     10      Reaffirmed
VMT Spinning Co. Ltd                    LOC&               CRISIL A1+     10      Reaffirmed
& Includes Sublimit of Rs.15 million for Bank Guarantee.
VMT Spinning Co. Ltd                    LOC & BG           CRISIL A1+     30      Reaffirmed

LONG TERM RATINGS:
-------------------
Ample Textech Pvt Ltd                   BG                 CRISIL D       4.1     Reaffirmed
Ample Textech Pvt Ltd                   CC                 CRISIL D       5       Reaffirmed
Ample Textech Pvt Ltd                   TL                 CRISIL D       76.5    Reaffirmed
Amroon Foods Pvt Ltd                    TL                 CRISIL BBB-    183.8   Reaffirmed
B D Overseas                            TL                 CRISIL B+      12.8    Reaffirmed
Biocon Ltd                              CC*                CRISIL AA+     200     Reaffirmed
*Fully interchangeable with packing credit, working capital loan, letter of credit, and bank
guarantee facilities.
Biocon Ltd                              Proposed CC Limit  CRISIL AA+     270     Reaffirmed
Dayal Fertilizers Pvt Ltd               CC                 CRISIL BBB+    180     Upgraded from
                                                                                  CRISIL A3+
Dayal Fertilizers Pvt Ltd               Proposed LT Bk     CRISIL BBB+    27.5    Upgraded from
                                        Loan Fac                                  CRISIL A3+
Dayal Seeds Pvt Ltd                     Proposed LT Bk     CRISIL BBB     80      Upgraded from
                                        Loan Fac                                  CRISIL BB+
Dinesh Seamless Tubes Pvt Ltd           CC                 CRISIL B       60      Withdrawal
Dinesh Seamless Tubes Pvt Ltd           Proposed LT Bk     CRISIL B       30      Withdrawal
                                        Loan Fac
Durable Ceramics Pvt Ltd                CC                 CRISIL B+      100     Reaffirmed
Elcome Integrated Systems Pvt Ltd       CC                 CRISIL BBB     150     Reaffirmed
Elcome Integrated Systems Pvt Ltd       TL                 CRISIL BBB     100     Reaffirmed
Fair Exports India Pvt Ltd              Export Packing     CRISIL BBB-    135.5   Reaffirmed
                                        Credit
Fair Exports India Pvt Ltd              TL                 CRISIL BBB-    270     Reaffirmed
Gopala Kraft Pack Pvt Ltd               CC                 CRISIL B+      37.5    Upgraded from
                                                                                  CRISIL B
Gopala Kraft Pack Pvt Ltd               TL                 CRISIL B+      62.5    Upgraded from
                                                                                  CRISIL B
Gopalan Enterprises                     CC*                CRISIL BBB+    1000    Reaffirmed
*This limit includes letter of credit of Rs.200 Million and Bank Guarantee of Rs.100 Million
Gopalan Enterprises                     LT Loan            CRISIL BBB+    749.6   Reaffirmed
Gopalan Enterprises                     Proposed LT Bk     CRISIL BBB+    950.4   Reaffirmed
                                        Loan Fac
Gopalan Enterprises India Pvt Ltd       LT Loan            CRISIL BBB+    6375.2  Reaffirmed
Guru Kirpa Rice Mills                   CC                 CRISIL B+      140     Reaffirmed
Guru Kirpa Rice Mills                   Inventory Funding  CRISIL B+      40      Reaffirmed
                                        Fac
Hi Tech Construction                    CC                 CRISIL BB+     100     Reaffirmed
Hind Polyfabs Pvt Ltd                   Proposed LT Bk     CRISIL BB      35      Reaffirmed
                                        Loan Fac
Indel Money Pvt Ltd                     CC                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL B+
Ishwarlal Harjivandas Jewellers Pvt Ltd CC                 CRISIL B+      300     Reaffirmed
JPM Exports Pvt Ltd                     Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
K K Welding Ltd                         Bill Discounting   CRISIL BB      10      Assigned
K K Welding Ltd                         CC                 CRISIL BB      175     Assigned
Kandla Packaging Pvt Ltd                CC                 CRISIL B       120     Downgraded
                                                                                  from CRISIL B+
Kandla Packaging Pvt Ltd                Proposed LT Bk     CRISIL B       5       Downgraded
                                        Loan Fac                                  from CRISIL B+
M.P. Jewellers (Gb) and Co              CC                 CRISIL BBB-    260     Upgraded from
                                                                                  CRISIL BB+
M.P. Jewellers (Gb) and Co              TL                 CRISIL BBB-    40      Upgraded from
                                                                                  CRISIL BB+
Maruti Packagers Pvt Ltd                CC                 CRISIL BB      75      Reaffirmed
Maruti Packagers Pvt Ltd                Proposed LT Bk     CRISIL BB      80      Reaffirmed
                                        Loan Fac
Piyush Overseas Pvt Ltd                 CC                 CRISIL BB-     40      Reaffirmed
Rahul Cables Pvt Ltd                    CC                 CRISIL BB      134.8   Reaffirmed
Rahul Cables Pvt Ltd                    Channel Financing  CRISIL BB      231.5   Reaffirmed
Rahul Cables Pvt Ltd                    Overdraft Fac      CRISIL BB      10      Reaffirmed
Rosewood Laminates Pvt Ltd              CC                 CRISIL B       30      Reaffirmed
Rosewood Laminates Pvt Ltd              Proposed LT Bk     CRISIL B       0.9     Reaffirmed
                                        Loan Fac
Rosewood Laminates Pvt Ltd              TL                 CRISIL B       59.1    Reaffirmed
Sahibzada Ajit Singh Educational Trust  Overdraft Fac      CRISIL D       170     Assigned
Sahibzada Ajit Singh Educational Trust  Rupee TL           CRISIL D       90      Assigned
Sentiss Pharma Pvt Ltd                  Proposed LT Bk     CRISIL A-      40      Reaffirmed
                                        Loan Fac
Shivam Traders                          CC                 CRISIL B-      65      Reaffirmed
South City Projects (Kolkata) Ltd       TL                 CRISIL BBB+    1117.7  Reaffirmed
Supreme Rice Industries                 CC                 CRISIL BB      70      Assigned
Suyash Motors (Unit of Patton Logistic  CC                 CRISIL BB-     25      Reaffirmed
Services Pvt Ltd)
Suyash Motors (Unit of Patton Logistic  Electronic Dealer  CRISIL BB-     70      Reaffirmed
Services Pvt Ltd)                       Financing
                                        Scheme(e-DFS)
Suyash Motors (Unit of Patton Logistic  TL                 CRISIL BB-     14.5    Reaffirmed
Services Pvt Ltd)
Swarnsarita Gems Ltd                    CC#                CRISIL BB+     500     Reaffirmed
#Includes sublimit of Rs. 200 million of Domestic Metal Gold Loan facility, Rs. 170 million of
Export Metal Gold Loan facility and Rs. 200 million of Standby Letter of Credit
Swarnsarita Gems Ltd                    Proposed LT Bk     CRISIL BB+     120     Reaffirmed
                                        Loan Fac
Technico Strips and Tubes Pvt Ltd       CC                 CRISIL B       130     Reaffirmed
Technico Strips and Tubes Pvt Ltd       TL                 CRISIL B       90      Reaffirmed
Texbond Nonwovens                       CC                 CRISIL BB      22.5    Reaffirmed
Texbond Nonwovens                       Proposed LT Bk     CRISIL BB      96.3    Reaffirmed
                                        Loan Fac
Texbond Nonwovens                       TL                 CRISIL BB      40.9    Reaffirmed
The Jute Corporation of India Ltd       CC                 CRISIL A       250     Reaffirmed
The Jute Corporation of India Ltd       Proposed LT Bk     CRISIL A       250     Reaffirmed
                                        Loan Fac
Vanesa Cosmetics                        CC*                CRISIL BBB     200     Reaffirmed
*Contains sublimit of 150 Million WCDL
Vee Kay Enterprises                     CC                 CRISIL B       67.5    Reaffirmed
Vee Kay Enterprises                     TL                 CRISIL B       15.4    Reaffirmed
Vibrant Global Salt Pvt Ltd             CC                 CRISIL BB-     110     Reaffirmed
Vibrant Global Salt Pvt Ltd             TL                 CRISIL BB-     172.5   Reaffirmed
Vishwanath Paper and Boards Ltd         CC                 CRISIL BB+     240     Assigned
Vishwanath Paper and Boards Ltd         Rupee TL           CRISIL BB+     30      Assigned
VMT Spinning Co. Ltd                    CC^               CRISIL AA-     150     Reaffirmed
^Interchangeable with Packing Credit of Rs.150 million, Bill Discounting of Rs.90 million, &
includes sub limit of Rs.25 million out of Rs.60 million for Foreign Bills Purchase/Foreign
Bills Discounting facilities.
VMT Spinning Co. Ltd                    Proposed WC Fac    CRISIL AA-     5.5     Reaffirmed
VMT Spinning Co. Ltd                    TL                 CRISIL AA-     734.5   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)

Our Standards:The Thomson Reuters Trust Principles.
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