October 14, 2016 / 5:51 AM / 9 months ago

CRISIL ratings for Indian debt instruments-Oct 14

23 Min Read

Oct 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 13, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adgums Pvt Ltd                          LOC                CRISIL A4+     1       Reaffirmed
Akay Flavours and Aromatics Pvt Ltd     BG                 CRISIL A2      15      Reaffirmed
Akay Flavours and Aromatics Pvt Ltd     Packing Credit     CRISIL A2      703     Reaffirmed
B. C. Bhuyan Constructions Pvt Ltd      BG                 CRISIL A4+     120     Reaffirmed
Basil Commodities Pvt Ltd               Bill Discounting   CRISIL A4+     300     Reaffirmed
                                        under LOC
Basil Commodities Pvt Ltd               Bill Discounting   CRISIL A4+     300     Reaffirmed
                                        under LOC
Bhandari Steels Ltd                     LOC                CRISIL A4      50      Reaffirmed
Chennai Petroleum Corporation Ltd       LOC & BG           CRISIL A1+     1840    Reaffirmed
Chennai Petroleum Corporation Ltd       ST Bk Fac          CRISIL A1+     8739    Reaffirmed
Godrej Efacec Automation and Robotics   Non-FBL            CRISIL A3+     250     Reaffirmed
Ltd
IAC International Automotive India Pvt  LOC & BG           CRISIL A2      300     Upgraded from
Ltd                                                                               CRISIL A3+
Ihsedu Agrochem Pvt Ltd                 Export Packing     CRISIL A2      1550    Reaffirmed
                                        Credit
Ihsedu Agrochem Pvt Ltd                 LOC                CRISIL A2      45      Reaffirmed
Ihsedu Agrochem Pvt Ltd                 Standby Line of    CRISIL A2      310     Reaffirmed
                                        Credit
Interseas                               Bill Discounting   CRISIL A4+     100     Reaffirmed
                                        under LOC
Interseas                               Packing Credit     CRISIL A4+     100     Reaffirmed
Jayant Agro-Organics Ltd                BG                 CRISIL A2      15      Reaffirmed
Jayant Agro-Organics Ltd                Inland/Import LOC  CRISIL A2      55      Reaffirmed
Jayant Agro-Organics Ltd                LOC                CRISIL A2      5       Reaffirmed
Jayant Agro-Organics Ltd                Packing Credit     CRISIL A2      166.7   Reaffirmed
Jayant Agro-Organics Ltd                Pre Shipment CreditCRISIL A2      1200    Reaffirmed
Jayant Agro-Organics Ltd                Pre Shipment       CRISIL A2      200     Reaffirmed
                                        Finance
Jayant Agro-Organics Ltd                Standby Export     CRISIL A2      75.3    Reaffirmed
                                        Packing Credit
Niva Organics Pvt Ltd                   Bill Discounting   CRISIL A4+     299     Reaffirmed
                                        under LOC
Sai Om Petro Specialities Ltd           BG                 CRISIL A4      5       Reaffirmed
Sai Om Petro Specialities Ltd           Letter Of GuaranteeCRISIL A4      45      Reaffirmed
Shirdi Sai Electricals Ltd              BG                 CRISIL A2+     4120    Reaffirmed
Shirdi Sai Electricals Ltd              LOC                CRISIL A2+     1080    Reaffirmed
Sree Lakshmi Agencies                   LOC                CRISIL A4+     60      Reaffirmed
Sree Venkateshwara Enterprises          LOC                CRISIL A4+     45      Reaffirmed
Sri Cheran Synthetics India Pvt Ltd     Export Packing     CRISIL A2+     70      Reaffirmed
                                        Credit
Sri Cheran Synthetics India Pvt Ltd     LOC                CRISIL A2+     200     Reaffirmed
Star Transformers Ltd                   BG                 CRISIL A4+     70      Reaffirmed
Star Transformers Ltd                   LOC                CRISIL A4+     40      Reaffirmed
Sungov Engineering Pvt Ltd              Letter Of GuaranteeCRISIL A4+     20      Reaffirmed
Sungov Engineering Pvt Ltd              Packing Credit     CRISIL A4+     5       Reaffirmed
Sungov Engineering Pvt Ltd              Letter Of GuaranteeCRISIL A4+     20      Reaffirmed
Sungov Engineering Pvt Ltd              Packing Credit     CRISIL A4+     5       Reaffirmed
Trident Ltd                             LOC                CRISIL A1      3500    Upgraded from
                                                                                  CRISIL A2+
Uniply Industries Ltd                   Proposed LOC       CRISIL A3      150     Assigned
Uniply Industries Ltd                   LOC                CRISIL A3      350     Assigned

LONG TERM RATINGS:
-------------------
A.S. Emporium                           CC                 CRISIL B+      55      Assigned
Aashka Hospitals Pvt Ltd                TL                 CRISIL D       331.5   Downgraded
                                                                                  from CRISIL B
Adgums Pvt Ltd                          Export Packing     CRISIL BB      70      Reaffirmed
                                        Credit
Adgums Pvt Ltd                          Proposed LT Bk     CRISIL BB      35.9    Reaffirmed
                                        Loan Fac
Adgums Pvt Ltd                          TL                 CRISIL BB      3.1     Reaffirmed
Akay Flavours and Aromatics Pvt Ltd     Foreign Bill       CRISIL BBB+    30      Reaffirmed
                                        Purchase
Akay Flavours and Aromatics Pvt Ltd     Standby Line of    CRISIL BBB+    20      Reaffirmed
                                        Credit
Akay Flavours and Aromatics Pvt Ltd     TL                 CRISIL BBB+    27      Reaffirmed
Alliance Mall Developers Co. Pvt Ltd    TL                 CRISIL BB      1800    Upgraded from
                                                                                  CRISIL B+
B. C. Bhuyan Constructions Pvt Ltd      CC                 CRISIL BB+     100     Reaffirmed
B. C. Bhuyan Constructions Pvt Ltd      TL                 CRISIL BB+     10      Reaffirmed
Bhandari Steels Ltd                     CC                 CRISIL B+      100     Reaffirmed
Bhandari Steels Ltd                     Electronic Dealer  CRISIL B+      70      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Bhandari Steels Ltd                     TL                 CRISIL B+      20      Reaffirmed
Chennai Petroleum Corporation Ltd       CC                 CRISIL AAA     25000   Reaffirmed
Chennai Petroleum Corporation Ltd       Packing Credit*    CRISIL AAA     15000   Reaffirmed
*One way interchangeability with CC
Chennai Petroleum Corporation Ltd       TL                 CRISIL AAA     2450    Reaffirmed
Clover Energy Pvt Ltd                   LT Rating          CRISIL BBB     1664.1  Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Dwarka Infraventures Pvt Ltd            LT Loan            CRISIL BB-     180     Reaffirmed

Dwarka Infraventures Pvt Ltd            Proposed LT Bk     CRISIL BB-     70      Assigned
                                        Loan Fac
Godrej Efacec Automation and Robotics   FB Fac             CRISIL BBB     150     Reaffirmed
Ltd
Goyal Sons Jewels Pvt Ltd               Drop Line          CRISIL BB      20      Assigned
                                        Overdraft Fac
Goyal Sons Jewels Pvt Ltd               Electronic Dealer  CRISIL BB      150     Assigned
                                        Financing
                                        Scheme(e-DFS)
Goyal Sons Zaveri Pvt Ltd               Drop Line          CRISIL BB      30      Assigned
                                        Overdraft Fac
Goyal Sons Zaveri Pvt Ltd               Electronic Dealer  CRISIL BB      120     Assigned
                                        Financing
                                        Scheme(e-DFS)
Heera Rice Mills                        CC                 CRISIL B+      175     Assigned
Heera Rice Mills                        Warehouse Receipts CRISIL B+      75      Assigned
Heera Rice Mills                        TL                 CRISIL B+      12.8    Assigned
Heera Rice Mills                        Proposed FB Bk     CRISIL B+      2.2     Assigned
                                        Limits
IAC International Automotive India Pvt  CC                 CRISIL BBB+    200     Upgraded from
Ltd                                                                               CRISIL BBB
IAC International Automotive India Pvt  Rupee TL           CRISIL BBB+    119.2   Upgraded from
Ltd                                                                               CRISIL BBB
Ihsedu Agrochem Pvt Ltd                 CC                 CRISIL BBB+    50      Reaffirmed
Ihsedu Agrochem Pvt Ltd                 Foreign Bill       CRISIL BBB+    550     Reaffirmed
                                        Purchase
Ihsedu Agrochem Pvt Ltd                 LT Loan            CRISIL BBB+    52.5    Reaffirmed
Ihsedu Agrochem Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    192.5   Reaffirmed
                                        Loan Fac
Iris Ecopower Venture Pvt Ltd           LT Rating          CRISIL BBB     1095.5  Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Jayant Agro-Organics Ltd                Export Packing     CRISIL BBB+    150     Reaffirmed
                                        Credit
Jayant Agro-Organics Ltd                Foreign Bill       CRISIL BBB+    208     Reaffirmed
                                        Discounting
Jayant Agro-Organics Ltd                LT Loan            CRISIL BBB+    157.2   Reaffirmed
Jayant Agro-Organics Ltd                Proposed LT Bk     CRISIL BBB+    1027.4  Reaffirmed
                                        Loan Fac
Jayant Agro-Organics Ltd                Standby Fund Based CRISIL BBB+    240.4   Reaffirmed
                                        WC
K R Rubberite Ltd                       CC                 CRISIL BBB     100     Reaffirmed
K R Rubberite Ltd                       Proposed LT Bk     CRISIL BBB     25      Reaffirmed
                                        Loan Fac
K R Rubberite Ltd                       TL                 CRISIL BBB     75      Reaffirmed
Kolhapur Cancer Centre Pvt Ltd          Buyer Credit Limit CRISIL BB      58.4    Reaffirmed
Kolhapur Cancer Centre Pvt Ltd          Proposed LT Bk     CRISIL BB      84.5    Reaffirmed
                                        Loan Fac
Kolhapur Cancer Centre Pvt Ltd          TL                 CRISIL BB      7.1     Reaffirmed
Leap Green Energy Pvt Ltd               LT Rating          CRISIL BBB     310     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Lotus Clean Power Venture Pvt Ltd       LT Rating          CRISIL BBB     1294.6  Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Maple Renewable Power Pvt Ltd           LT Rating          CRISIL BBB     1548.5  Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
N. Z. Seasonal Wear Pvt Ltd             LT Loan            CRISIL BB      36      Assigned
N. Z. Seasonal Wear Pvt Ltd             Buyer Credit Limit CRISIL BB      40      Assigned
N. Z. Seasonal Wear Pvt Ltd             CC                 CRISIL BB      74      Assigned
Nandini Creation                        CC                 CRISIL B       10      Reaffirmed
Nandini Creation                        LT Loan            CRISIL B       65      Reaffirmed
Nandini Creation                        Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Nimit Steels And Alloys Pvt Ltd         CC                 CRISIL D       400     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Nimit Steels And Alloys Pvt Ltd         LOC                CRISIL D       1100    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Niva Organics Pvt Ltd                   CC                 CRISIL BB      1       Reaffirmed
Olive Ecopower Pvt Ltd                  LT Rating          CRISIL BBB     882.8   Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Orchid Renewable Powertech Pvt Ltd      LT Rating          CRISIL BBB     1650    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Penguin Random House India Pvt Ltd      CC/ Overdraft Fac  CRISIL A+      500     Upgraded from
                                                                                  CRISIL A
Rajeswari Automotives Pvt Ltd           Inventory Funding  CRISIL B+      40      Reaffirmed
                                        Fac
Rajeswari Automotives Pvt Ltd           Proposed LT Bk     CRISIL B+      26.4    Reaffirmed
                                        Loan Fac
Ramka Silk House Pvt Ltd                Packing Credit     CRISIL D       250     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Ramkrishna Forgings Ltd                 CC                 CRISIL BBB+    2400    Reaffirmed
Ramkrishna Forgings Ltd                 Proposed WC Fac    CRISIL BBB+    24      Reaffirmed
Ramkrishna Forgings Ltd                 TL*                CRISIL BBB+    3236    Reaffirmed
*Rs.620 million corresponds to USD 10 million
Sai Om Petro Specialities Ltd           CC                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
Shirdi Sai Electricals Ltd              CC                 CRISIL A-      600     Reaffirmed
Shirdi Sai Electricals Ltd              Proposed LT Bk     CRISIL A-      150     Reaffirmed
                                        Loan Fac
Sony India Pvt Ltd                      CC                 CRISIL AA      9700    Reaffirmed
Sree Lakshmi Agencies                   CC                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL BB-
Sree Venkateshwara Enterprises          CC                 CRISIL BB      40      Reaffirmed
Sri Cheran Synthetics India Pvt Ltd     CC                 CRISIL A-      320     Reaffirmed
Sri Cheran Synthetics India Pvt Ltd     LT Loan            CRISIL A-      750     Reaffirmed
Star Transformers Ltd                   CC                 CRISIL BB-     95      Downgraded
                                                                                  from CRISIL BB
Star Transformers Ltd                   Proposed LT Bk     CRISIL BB-     15      Downgraded
                                        Loan Fac                                  from CRISIL BB
Sungov Engineering Pvt Ltd              CC                 CRISIL BB-     30      Downgraded
                                                                                  from CRISIL BB
Sungov Engineering Pvt Ltd              Foreign Bill       CRISIL BB-     4       Downgraded
                                        Purchase                                  from CRISIL BB
Sungov Engineering Pvt Ltd              Proposed LT Bk     CRISIL BB-     10      Downgraded
                                        Loan Fac                                  from CRISIL BB
Sungov Engineering Pvt Ltd              TL                 CRISIL BB-     1       Downgraded
                                                                                  from CRISIL BB
Sungov Engineering Pvt Ltd              CC                 CRISIL BB-     30      Downgraded
                                                                                  from CRISIL BB
Sungov Engineering Pvt Ltd              Foreign Bill       CRISIL BB-     4       Downgraded
                                        Purchase                                  from CRISIL BB
Sungov Engineering Pvt Ltd              Proposed LT Bk     CRISIL BB-     10      Downgraded
                                        Loan Fac                                  from CRISIL BB
Sungov Engineering Pvt Ltd              TL                 CRISIL BB-     1       Downgraded
                                                                                  from CRISIL BB
Surien Pharmaceuticals Pvt Ltd          CC                 CRISIL BB      85      Reaffirmed
Tata Capital Ltd                        CC & WC demand loanCRISIL AA+     150     Reaffirmed
Tata Capital Ltd                        Proposed LT Bk     CRISIL AA+     100     Reaffirmed
                                        Loan Fac
TRG Industries Pvt Ltd                  CC                 CRISIL BB-     105     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Trident Ltd                             CC                 CRISIL A       11300   Upgraded from
                                                                                  CRISIL A-
Trident Ltd                             Foreign Currency TLCRISIL A       2006.3  Upgraded from
                                                                                  CRISIL A-
Trident Ltd                             LT Loan            CRISIL A       26109.9 Upgraded from
                                                                                  CRISIL A-
Tulip Renewable Powertech Pvt Ltd       LT Rating          CRISIL BBB     1240    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Uniply Industries Ltd                   Proposed TL        CRISIL BBB-    330     Assigned
Uniply Industries Ltd                   Proposed CC Limit  CRISIL BBB-    490     Assigned
Uniply Industries Ltd                   CC                 CRISIL BBB-    210     Assigned
Violet Green Power Pvt Ltd              LT Rating          CRISIL BBB     550     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
VKR Prakash Modern Rice Mill            CC                 CRISIL BB-     50      Assigned
VKR Prakash Modern Rice Mill            Proposed LT Bk     CRISIL BB-     1.2     Assigned
                                        Loan Fac
Wani Technologies Pvt Ltd               CC                 CRISIL BB-     70      Assigned
Yelahanka - AP Border Tollways Pvt Ltd  Cash TL            CRISIL BB      1988.3  Assigned
Yelahanka - AP Border Tollways Pvt Ltd  Proposed LT Bk     CRISIL BB      11.7    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)

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