October 17, 2016 / 6:01 AM / 10 months ago

CRISIL ratings for Indian debt instruments-Oct 17

Oct 17 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 14, 2016.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bemco Hydraulics Ltd                    BG                 CRISIL A4      105     Reaffirmed
Bemco Hydraulics Ltd                    LOC                CRISIL A4      40      Reaffirmed
Bemco Hydraulics Ltd                    BG                 CRISIL A4      105     Reaffirmed
Bemco Hydraulics Ltd                    LOC                CRISIL A4      40      Reaffirmed
Freeworld Exports Pvt Ltd               BG                 CRISIL A4+     35      Suspended
Freeworld Exports Pvt Ltd               Foreign Bill       CRISIL A4+     170     Suspended
                                        Discounting*
*2 way interchangeability between FBD and PC upto Rs.50 million  
Freeworld Exports Pvt Ltd               LOC                CRISIL A4+     10      Suspended
Freeworld Exports Pvt Ltd               Packing Credit*    CRISIL A4+     250     Suspended
*2 way interchangeability between FBD and PC upto Rs.50 million  
Freeworld Exports Pvt Ltd               Proposed Packing   CRISIL A4+     15      Suspended
                                        Credit
Hanuman Industries                      Packing Credit     CRISIL A4      200     Suspended
Kama-Schachter Jewelry Pvt Ltd          Post Shipment      CRISIL A3+     403.2   Reaffirmed
                                        Credit
Karbon Steelmart Pvt Ltd                LOC                CRISIL A4+     135     Reaffirmed
Lakshmi Ring Travellers (Coimbatore) LtdBG                 CRISIL A2+     30      Reaffirmed
Lakshmi Ring Travellers (Coimbatore) LtdLOC                CRISIL A2+     15      Reaffirmed
M/s J. K. Star                          Foreign Exchange   CRISIL A3      10      Reaffirmed
                                        Forward
Maktel Control and Systems Pvt Ltd      BG                 CRISIL A4+     90      Reaffirmed
Maktel Control and Systems Pvt Ltd      LOC                CRISIL A4+     60      Reaffirmed
Motherson Sumi Systems Ltd              LOC^***            CRISIL A1+     500     Reaffirmed
^*** Interchangeable with Bank Guarantee
Motherson Sumi Systems Ltd              LOC$*              CRISIL A1+     500     Reaffirmed
$* Interchangeable with Bank Guarantee, Forward Limit
Motherson Sumi Systems Ltd              Derivatives Fac$** CRISIL A1+     150     Reaffirmed
$** Derivative facility is in the form of forward limits with a notional value of Rs.10 Billion
MTV Exports                             Packing Credit     CRISIL A4      20      Suspended
N A Construction Pvt Ltd                BG                 CRISIL A3+     736.2   Assigned
Nagode International Pvt Ltd            Export Packing     CRISIL A4+     110     Assigned
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Ply Com Pvt Ltd                         LOC                CRISIL A4      50      Reaffirmed
R.K.Industries (Unit II)                LOC                CRISIL A3      2300    Suspended
RMP Impex                               Letter Of GuaranteeCRISIL A4      0.1     Suspended
RMP Impex                               Packing Credit     CRISIL A4      25      Suspended
Shree Ram Shipping Industries Pvt Ltd   LOC                CRISIL A3      1000    Suspended
Shree Ram Steel and Rolling Industries  LOC                CRISIL A3      1550    Suspended
Shree Ram Vessel Scrap Pvt Ltd          LOC                CRISIL A3      1750    Suspended
Smriti Products Pvt Ltd                 LOC                CRISIL A4+     50      Suspended
Sudarshan Jeans Pvt Ltd                 BG                 CRISIL A4+     10      Suspended
Vandemataram Projects Pvt Ltd           BG                 CRISIL A4+     100     Reaffirmed
Vantage Organic Foods Pvt Ltd           Packing Credit     CRISIL A4+     80      Suspended
Vardhman Electro-Mech Pvt Ltd           BG                 CRISIL A4      40      Suspended
Vardhman Electro-Mech Pvt Ltd           LOC                CRISIL A4      10      Suspended
VSM Weavess India Pvt Ltd               LOC                CRISIL A2+     50      Reaffirmed
VSM Weavess India Pvt Ltd               LOC                CRISIL A2+     50      Reaffirmed

LONG TERM RATINGS:
-------------------
Airvision Technologies Pvt Ltd          CC                 CRISIL D       5       Suspended
Airvision Technologies Pvt Ltd          Funded Interest TL CRISIL D       26      Suspended
Airvision Technologies Pvt Ltd          Proposed LT Bk     CRISIL D       6.4     Suspended
                                        Loan Fac
Airvision Technologies Pvt Ltd          TL                 CRISIL D       62.6    Suspended
Astra Diamond Tools Company Pvt Ltd     CC                 CRISIL D       5       Suspended
Astra Diamond Tools Company Pvt Ltd     LT Loan            CRISIL D       75      Suspended
Astra Diamond Tools Company Pvt Ltd     Proposed LT Bk     CRISIL D       10      Suspended
                                        Loan Fac
Baba Naga Rice and General Mills        CC                 CRISIL B       50      Assigned
Baba Naga Rice and General Mills        Proposed WC Fac    CRISIL B       70      Assigned
Bemco Hydraulics Ltd                    CC                 CRISIL B-      100     Reaffirmed
Bemco Hydraulics Ltd                    Proposed LT Bk     CRISIL B-      85      Reaffirmed
                                        Loan Fac
Bemco Hydraulics Ltd                    TL                 CRISIL B-      20      Reaffirmed
Bemco Hydraulics Ltd                    CC                 CRISIL B-      100     Reaffirmed
Bemco Hydraulics Ltd                    Proposed LT Bk     CRISIL B-      85      Reaffirmed
                                        Loan Fac
Bemco Hydraulics Ltd                    TL                 CRISIL B-      20      Reaffirmed
Burnpur Cement Ltd                      BG                 CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Burnpur Cement Ltd                      CC                 CRISIL D       137     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Burnpur Cement Ltd                      LOC                CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Burnpur Cement Ltd                      Proposed BG        CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Burnpur Cement Ltd                      Proposed CC Limit  CRISIL D       113     Downgraded
                                                                                  from CRISIL
                                                                                  BB-

Burnpur Cement Ltd                      Proposed LOC       CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Burnpur Cement Ltd                      TL                 CRISIL D       1250    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
G. A. Industries                        CC                 CRISIL B-      70      Suspended
Gajraj Automobiles Pvt Ltd              CC                 CRISIL BB      60      Upgraded from
                                                                                  CRISIL BB-
Gajraj Automobiles Pvt Ltd              Inventory Funding  CRISIL BB      100     Upgraded from
                                        Fac                                       CRISIL BB-
Ganpati Enterprises - Muzaffarnagar     CC                 CRISIL B+      20      Suspended
Ganpati Enterprises - Muzaffarnagar     CC/ Overdraft Fac  CRISIL B+      135     Suspended
Gee Cee Hydro Power Pvt Ltd             Proposed LT Bk     CRISIL BB+     7.9     Suspended
                                        Loan Fac
Gee Cee Hydro Power Pvt Ltd             TL                 CRISIL BB+     239     Suspended
Govind Agro Foods                       CC                 CRISIL B+      200     Reaffirmed
Govind Agro Foods                       TL                 CRISIL B+      10      Reaffirmed
Govind Agro Foods                       Warehouse Receipts CRISIL B+      40      Reaffirmed
Gujranwala Jewellers                    CC                 CRISIL BB-     50      Suspended
Gujranwala Jewellers                    TL                 CRISIL BB-     120     Suspended
Himagiri Hospitals Pvt Ltd              LT Loan            CRISIL B       60      Suspended
Himagiri Hospitals Pvt Ltd              Overdraft Fac      CRISIL B       22.5    Suspended
Himagiri Hospitals Pvt Ltd              Proposed LT Bk     CRISIL B       7.5     Suspended
                                        Loan Fac
Jayachandra Bearings India Pvt Ltd      CC                 CRISIL BB-     130     Suspended
Jayachandra Bearings India Pvt Ltd      Proposed LT Bk     CRISIL BB-     10      Suspended
                                        Loan Fac
Jayachandra Bearings India Pvt Ltd      Standby Line of    CRISIL BB-     10      Suspended
                                        Credit
Jayanthi Textile Products               TL                 CRISIL BB-     70      Suspended
Kama-Schachter Jewelry Pvt Ltd          CC                 CRISIL BBB     860     Reaffirmed
Kama-Schachter Jewelry Pvt Ltd          Export Packing     CRISIL BBB     741.5   Reaffirmed
                                        Credit
Kama-Schachter Jewelry Pvt Ltd          Gold Loan          CRISIL BBB     65.3    Reaffirmed
Kama-Schachter Jewelry Pvt Ltd          Proposed LT Bk     CRISIL BBB     150     Reaffirmed
                                        Loan Fac
Kama-Schachter Jewelry Pvt Ltd          TL                 CRISIL BBB     150     Assigned
Karbon Steelmart Pvt Ltd                CC                 CRISIL BB+     60      Reaffirmed
Khushi Enterprises - Vapi               Packing Credit     CRISIL B       60      Suspended
Khushi Enterprises - Vapi               Proposed LT Bk     CRISIL B       5       Suspended
                                        Loan Fac
Lakshmi Ring Travellers (Coimbatore) LtdCC                 CRISIL A-      105     Reaffirmed
Lakshmi Ring Travellers (Coimbatore) LtdProposed LT Bk     CRISIL A-      122.7   Reaffirmed
                                        Loan Fac
Lakshmi Ring Travellers (Coimbatore) LtdTL                 CRISIL A-      150     Reaffirmed
M/s J. K. Star                          Post Shipment      CRISIL BBB-    150     Reaffirmed
                                        Credit
M/s J. K. Star                          Proposed LT Bk     CRISIL BBB-    40      Reaffirmed
                                        Loan Fac
M/s. Damodar Jagannath Malpani          CC                 CRISIL BBB-    730     Reaffirmed
M/s. Damodar Jagannath Malpani          Overdraft Fac      CRISIL BBB-    200     Reaffirmed
M/s. Damodar Jagannath Malpani          Proposed LT Bk     CRISIL BBB-    722     Reaffirmed
                                        Loan Fac
M/s. Damodar Jagannath Malpani          TL                 CRISIL BBB-    2348    Reaffirmed
Maktel Control and Systems Pvt Ltd      CC                 CRISIL BB      90      Upgraded from
                                                                                  CRISIL BB-
Maktel Control and Systems Pvt Ltd      Proposed LT Bk     CRISIL BB      1       Upgraded from
                                        Loan Fac                                  CRISIL BB-
Maktel Control and Systems Pvt Ltd      TL                 CRISIL BB      49      Upgraded from
                                                                                  CRISIL BB-
Motherson Sumi Systems Ltd              CC*                CRISIL AA      3000    Upgraded from
                                                                                  CRISIL AA-
*Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Foreign
Bill Purchase.
Motherson Sumi Systems Ltd              CC**               CRISIL AA      300     Upgraded from
                                                                                  CRISIL AA-
** Interchangeable with Working Capital Demand Loan, Export Packing Credit, Foreign Bill
Purchase, Foreign Bill Discounting.
Motherson Sumi Systems Ltd              CC***              CRISIL AA      400     Upgraded from
                                                                                  CRISIL AA-
*** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency,
Foreign Bill Discounting.
Motherson Sumi Systems Ltd              CC$                CRISIL AA      400     Upgraded from
                                                                                  CRISIL AA-
$ Interchangeable with Foreign Bill Discounting, Packing Credit in Foreign Currency
Motherson Sumi Systems Ltd              CC&                CRISIL AA      650     Upgraded from
                                                                                  CRISIL AA-
& Interchangeable with Working Capital Demand Loan, Usance Letter of Credit.
Motherson Sumi Systems Ltd              Overdraft Fac^*    CRISIL AA      450     Upgraded from
                                                                                  CRISIL AA-
^* Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency
Motherson Sumi Systems Ltd              Overdraft Fac^**   CRISIL AA      800     Upgraded from
                                                                                  CRISIL AA-
^** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Export
Bill Discounting
MPL Automobiles Agency Pvt Ltd          Inventory Funding  CRISIL B-      125     Reaffirmed
                                        Fac
MPL Automobiles Agency Pvt Ltd          Proposed LT Bk     CRISIL B-      75      Withdrawal
                                        Loan Fac
MPL Automobiles Agency Pvt Ltd          Secured Overdraft  CRISIL B-      250     Reaffirmed
                                        Fac
MTV Exports                             CC                 CRISIL B       20      Suspended
MTV Exports                             Proposed LT Bk     CRISIL B       35      Suspended
                                        Loan Fac
N A Construction Pvt Ltd                CC                 CRISIL BBB     128.5   Reaffirmed
N A Construction Pvt Ltd                Overdraft Fac      CRISIL BBB     14      Reaffirmed
Nagode International Pvt Ltd            Proposed TL        CRISIL BB      40      Assigned
Partap Industries Ltd                   CC                 CRISIL BB+     69      Suspended
Partap Industries Ltd                   TL                 CRISIL BB+     481.2   Suspended
Ply Com Pvt Ltd                         CC                 CRISIL B       50      Reaffirmed
R.K.Industries (Unit II)                CC                 CRISIL BBB-    200     Suspended
Radish Technologies                     CC                 CRISIL BB      113     Suspended
Radish Technologies                     Proposed LT Bk     CRISIL BB      8       Suspended
                                        Loan Fac
Radish Technologies                     TL                 CRISIL BB      31      Suspended
RMP Impex                               Foreign Bill       CRISIL B+      5       Suspended
                                        Discounting
RMP Impex                               Proposed LT Bk     CRISIL B+      51.6    Suspended
                                        Loan Fac
RMP Impex                               TL                 CRISIL B+      18.3    Suspended
S S M Foundation Trust For Educational  Overdraft Fac      CRISIL D       16      Suspended
and Social Development
S S M Foundation Trust For Educational  Proposed LT Bk     CRISIL D       14.1    Suspended
and Social Development                  Loan Fac
S S M Foundation Trust For Educational  TL                 CRISIL D       45      Suspended
and Social Development
Shetkari Mahila Sahakari Vastranirman   TL                 CRISIL B+      265.2   Suspended
Soot Girni Maryadit
Shree Ram Steel and Rolling Industries  CC                 CRISIL BBB-    200     Suspended
Shree Ram Vessel Scrap Pvt Ltd          CC                 CRISIL BBB-    145     Suspended
Smriti Products Pvt Ltd                 CC                 CRISIL BB+     300     Suspended
Smriti Products Pvt Ltd                 TL                 CRISIL BB+     13.7    Suspended
Sona Automotives Pvt Ltd                CC                 CRISIL B+      10      Suspended
Sona Automotives Pvt Ltd                TL                 CRISIL B+      68.4    Suspended
Sri Venkateswara Educational Trust      TL                 CRISIL B-      105     Assigned
Sri Venkateswara Educational Trust      Overdraft Fac      CRISIL B-      15      Assigned
Sri Venkateswara Educational Trust      Proposed LT Bk     CRISIL B-      10      Assigned
                                        Loan Fac
Sudarshan Jeans Pvt Ltd                 CC                 CRISIL BB+     42.5    Suspended
Sudarshan Jeans Pvt Ltd                 TL                 CRISIL BB+     487.5   Suspended
U P Bone Mills Pvt Ltd                  CC                 CRISIL B-      51.8    Suspended
Vardhman Electro-Mech Pvt Ltd           CC                 CRISIL B+      40      Suspended
Vijayatej Hospitality Pvt Ltd           Proposed LT Bk     CRISIL B+      21.1    Suspended
                                        Loan Fac
Vijayatej Hospitality Pvt Ltd           TL                 CRISIL B+      62      Suspended
Vishwajeet Meadows                      Proposed LT Bk     CRISIL BB      200     Suspended
                                        Loan Fac
VOI Jeans Retail India Pvt Ltd          CC                 CRISIL BB-     25      Reaffirmed
VOI Jeans Retail India Pvt Ltd          Proposed CC Limit  CRISIL BB-     55      Assigned
VSM Weavess India Pvt Ltd               CC                 CRISIL A-      270     Reaffirmed
VSM Weavess India Pvt Ltd               LT Loan            CRISIL A-      385.4   Reaffirmed
VSM Weavess India Pvt Ltd               Standby Line of    CRISIL A-      10      Reaffirmed
                                        Credit
VSM Weavess India Pvt Ltd               CC                 CRISIL A-      270     Reaffirmed
VSM Weavess India Pvt Ltd               LT Loan            CRISIL A-      385.4   Reaffirmed
VSM Weavess India Pvt Ltd               Standby Line of    CRISIL A-      10      Reaffirmed
                                        Credit


--------------------------------------------------------------------------------------------
$: 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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