December 9, 2016 / 5:17 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Dec 9

Dec 9 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 8, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Accrete Pharmaceuticals Pvt Ltd         LOC                CRISIL A4      20      Assigned
Amar Communication                      BG                 CRISIL A4+     210     Reaffirmed
Asvini Fisheries Pvt Ltd                BG                 CRISIL A2+     90      Assigned
Calibre Chemicals Pvt Ltd               LOC & BG           CRISIL A2+     150     Reaffirmed
Calibre Chemicals Pvt Ltd               BG                 CRISIL A3+     10      Reaffirmed
Chennai Petroleum Corporation Ltd       LOC & BG           CRISIL A1+     1840    Reaffirmed
Chennai Petroleum Corporation Ltd       ST Bk Fac          CRISIL A1+     8739    Reaffirmed
Dudhepukur Cold Storage Pvt Ltd         BG                 CRISIL A4      1.8     Suspended
Edelweiss Finance and Investments Ltd   ST Debt Issue*     CRISIL A1+     10000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Finance and Investments Ltd   ST Debt Issue*     CRISIL A1+     10000   Withdrawal
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Finance and Investments Ltd   ST Debt            CRISIL A1+     5000    Reaffirmed
Edelweiss Finance and Investments Ltd   ST Principal -     CRISIL PP-MLD  2000    Reaffirmed
                                        Protected Market - A1+r 
                                        Linked Debentures
Hamd Foods Pvt Ltd                      Foreign Bill       CRISIL A4+     20      Suspended
                                        Purchase
Hamd Foods Pvt Ltd                      Packing Credit     CRISIL A4+     20      Suspended
Hamd Foods Pvt Ltd                      Proposed Packing   CRISIL A4+     100     Suspended
                                        Credit
INFINA Finance Pvt Ltd                  CP Issue*          CRISIL A1+     10000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
INFINA Finance Pvt Ltd                  CP Issue*          CRISIL A1+     90000   Withdrawal
*Assigned for initial/ follow-on public offer financing on episodic basis
INFINA Finance Pvt Ltd                  ST Debt            CRISIL A1+     2500    Reaffirmed
IRC Natural Resources Pvt Ltd           BG                 CRISIL A3      340     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Jainco Enterprises Pvt Ltd              BG                 CRISIL A4+     400     Reaffirmed
Jainco Enterprises Pvt Ltd              Proposed BG        CRISIL A4+     75      Assigned
Jugalkishore Ramkishan Agrawal          BG                 CRISIL A4+     100     Suspended
Infrastructure Pvt Ltd
Karnataka Plastoo Industries Pvt Ltd    BG                 CRISIL A3+     10      Upgraded from
                                                                                  CRISIL A3
Krishna Steel Industries                Proposed ST Bk     CRISIL A4      35      Assigned
                                        Loan Fac
Maruti Packagers Pvt Ltd                BG                 CRISIL A4+     150     Reaffirmed
Milagro Ceramica Pvt Ltd                LOC                CRISIL A4+     20      Suspended
MIRC Electronics Ltd                    LOC & BG           CRISIL A4+     3250    Notice of
                                                                                  Withdrawal
North East Nutrients Pvt Ltd            ST Loan            CRISIL A2+     130     Assigned
Pro-Arc Welding and Cutting Systems Pvt LOC & BG           CRISIL A4      30      Reaffirmed
Ltd
R.K.Engineers Sales Ltd                 BG                 CRISIL A3+     370     Suspended
Raja Rajeswari Krafts Pvt Ltd           LOC                CRISIL A4      20      Suspended
Rateria Laminators Pvt Ltd              BG                 CRISIL A4+     50      Reaffirmed
Rateria Laminators Pvt Ltd              Bill Discounting   CRISIL A4+     24      Reaffirmed
                                        under LOC
S. S. and Company - Gurgaon             BG                 CRISIL A4+     110     Assigned
Sanee Infrastructure Pvt Ltd            BG                 CRISIL A4      80      Assigned
Shree Palsiddha Construction            BG                 CRISIL A4+     20      Suspended
Sistema Shyam Teleservices Ltd          ST Loan            CRISIL A4+     3900    Reaffirmed
Sopan Paper Mill Pvt Ltd                BG                 CRISIL A4      5       Suspended
TCNS Clothing Co. Pvt Ltd               BG                 CRISIL A1      10      Upgraded from
                                                                                  CRISIL BBB+
TCNS Clothing Co. Pvt Ltd               LOC                CRISIL A1      150     Upgraded from
                                                                                  CRISIL A2
TCNS Clothing Co. Pvt Ltd               CC                 CRISIL A       380     Upgraded from
                                                                                  CRISIL A2
Texbond Nonwovens                       BG                 CRISIL A4+     2       Suspended
Texbond Nonwovens                       LOC                CRISIL A4+     5       Suspended
The Seal Coat Structural Works Pvt Ltd  BG                 CRISIL A4+     20      Suspended
Trishan Metals Pvt Ltd                  Letter Of GuaranteeCRISIL A4      5       Suspended
Wahi Sons Pvt Ltd                       BG                 CRISIL A4+     10      Reaffirmed
Wahi Sons Pvt Ltd                       LOC                CRISIL A4+     10      Reaffirmed



MEDIUM TERM RATINGS:
-------------------
Berar Finance Ltd                       FD Programme       FA-            450     Suspended



LONG TERM RATINGS:
-------------------
A. S. Carriers Pvt Ltd                  Lease Rental       CRISIL BB+     320     Assigned
                                        Discounting Loan
A.S.Cargo Movers Pvt Ltd                Lease Rental       CRISIL B+      610     Assigned
                                        Discounting Loan
Accrete Pharmaceuticals Pvt Ltd         CC                 CRISIL B-      44      Assigned
Accrete Pharmaceuticals Pvt Ltd         LT Loan            CRISIL B-      30      Assigned
Accrete Pharmaceuticals Pvt Ltd         Proposed LT Bk     CRISIL B-      6       Assigned
                                        Loan Fac
Amar Communication                      CC                 CRISIL BB      60      Reaffirmed
Amar Communication                      Channel Financing  CRISIL BB      127.5   Reaffirmed
Amar Communication                      Proposed LT Bk     CRISIL BB      2.5     Reaffirmed
                                        Loan Fac
Ameya Information Ltd                   TL                 CRISIL B       145     Suspended
Angika Development Society              TL                 CRISIL BB+     64      Reaffirmed
Asvini Fisheries Pvt Ltd                Foreign Bill       CRISIL A-      340     Assigned
                                        Discounting
Asvini Fisheries Pvt Ltd                Export Packing     CRISIL A-      540     Assigned
                                        Credit
Atul Builders - Pune                    TL                 CRISIL B+      270     Suspended
Calibre Chemicals Pvt Ltd               CC*                CRISIL A-      435     Reaffirmed

*Fully interchangeable with cash credit/working capital demand loan/export finance/buyer's'
credit/letter of credit/bank guarantee
Calibre Chemicals Pvt Ltd               CC^                CRISIL A-      50      Reaffirmed
^Interchangeable with letter of credit and bank guarantee facilities of up to Rs 50 million.
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
Dudhepukur Cold Storage Pvt Ltd         CC                 CRISIL C       53.5    Suspended
Dudhepukur Cold Storage Pvt Ltd         Proposed LT Bk     CRISIL C       29.4    Suspended
                                        Loan Fac
Dudhepukur Cold Storage Pvt Ltd         TL                 CRISIL C       40      Suspended
Dudhepukur Cold Storage Pvt Ltd         WC Loan            CRISIL C       6.2     Suspended
Earth Estate Developers Pvt Ltd         Proposed CC Limit  CRISIL BB      150     Suspended
Earth Estate Developers Pvt Ltd         Proposed LT Bk     CRISIL BB      350     Suspended
                                        Loan Fac
Earthcon Universal Infratech Pvt Ltd    Proposed Rupee TL  CRISIL D       250     Downgraded
                                                                                  from CRISIL BB
Earthcon Universal Infratech Pvt Ltd    Rupee TL           CRISIL D       1000    Downgraded
                                                                                  from CRISIL BB
Edelweiss Finance and Investments Ltd   NCD                CRISIL AA-     250     Reaffirmed
Edelweiss Finance and Investments Ltd    Preference Share  CRISIL AA-     1050    Reaffirmed
                                        Issue
Golden Ikon Fleet Management Pvt Ltd    Auto loans         CRISIL BB+     100     Suspended
Golden Ikon Fleet Management Pvt Ltd    Overdraft Fac      CRISIL BB+     25      Suspended
Goose Global Agri Pvt Ltd               Proposed WC Fac    CRISIL B       120     Suspended
Greenleaf Tobacco Threshers Ltd         Export Packing     CRISIL B-      150     Upgraded from
                                        Credit                                    CRISIL C
Greenleaf Tobacco Threshers Ltd         Export Packing     CRISIL B-      150     Upgraded from
                                        Credit                                    CRISIL C
Guru Nanak Foundation                   Proposed LT Bk     CRISIL BBB-    14.5    Suspended
                                        Loan Fac
Guru Nanak Foundation                   TL                 CRISIL BBB-    75.5    Suspended
Hamd Foods Pvt Ltd                      CC                 CRISIL BB      10      Suspended
Hind Polyfabs Pvt Ltd                   CC                 CRISIL BB      75      Reaffirmed
ICICI Securities Primary Dealership Ltd Tier II Bonds      CRISIL AAA     3950    Reaffirmed
ICICI Securities Primary Dealership Ltd ST Debt            CRISIL AAA     10000   Reaffirmed
IRC Natural Resources Pvt Ltd           CC                 CRISIL BBB-    50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Jainco Enterprises Pvt Ltd              Overdraft Fac      CRISIL BB      25      Reaffirmed
Jalan Transolutions India Ltd           CC                 CRISIL B+      150     Suspended
Jalan Transolutions India Ltd           Proposed CC Limit  CRISIL B+      70      Suspended
Jalan Transolutions India Ltd           TL                 CRISIL B+      100     Suspended
Johns Gold & Diamonds                   CC                 CRISIL B+      110     Assigned
Jugalkishore Ramkishan Agrawal          CC                 CRISIL BB+     100     Suspended
Infrastructure Pvt Ltd
Jupax Vanijya Pvt Ltd                   CC                 CRISIL BB      70      Reaffirmed
Karam Multipack Pvt Ltd                 CC                 CRISIL B+      80      Suspended
Karam Multipack Pvt Ltd                 Proposed LT Bk     CRISIL B+      27.7    Suspended
                                        Loan Fac
Karam Multipack Pvt Ltd                 TL                 CRISIL B+      10.5    Suspended
Karnataka Plastoo Industries Pvt Ltd    CC                 CRISIL BBB     50      Upgraded from
                                                                                  CRISIL BBB-
Karnataka Plastoo Industries Pvt Ltd    Proposed LT Bk     CRISIL BBB     14      Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Karnataka Plastoo Industries Pvt Ltd    TL                 CRISIL BBB     36      Upgraded from
                                                                                  CRISIL BBB-
Krishna Steel Industries                Bill Discounting   CRISIL B+      40      Assigned
Krishna Steel Industries                CC                 CRISIL B+      25      Assigned
Maruti Packagers Pvt Ltd                CC                 CRISIL BB      155     Reaffirmed
Maruti Packagers Pvt Ltd                CC                 CRISIL BB-     25      Assigned
Milagro Ceramica Pvt Ltd                CC                 CRISIL BB+     80      Suspended
MIRC Electronics Ltd                    CC                 CRISIL BB-     1450    Notice of
                                                                                  Withdrawal
MIRC Electronics Ltd                    Proposed CC Limit  Withdrawal     50      Notice of
                                                                                  Withdrawal
MIRC Electronics Ltd                    Proposed LOC & BG  Withdrawal     2850    Notice of
                                                                                  Withdrawal
MIRC Electronics Ltd                    Proposed ST Bk     Withdrawal     1400    Notice of
                                        Loan Fac                                  Withdrawal
MIRC Electronics Ltd                    Proposed TL        Withdrawal     1750    Notice of
                                                                                  Withdrawal
Mohak Associates                        LT Loan            CRISIL BB      80      Reaffirmed
Nakoda Unique Gold Pvt Ltd              CC                 CRISIL BB+     350     Reaffirmed
North East Nutrients Pvt Ltd            LT Loan            CRISIL A-      700     Assigned
Nova Agri Tech Pvt Ltd                  CC                 CRISIL B+      130     Upgraded from
                                                                                  CRISIL BB-
Nova Agri Tech Pvt Ltd                  LT Loan            CRISIL B+      15      Upgraded from
                                                                                  CRISIL BB-
Prachi India Pvt Ltd                    CC                 CRISIL B       140     Suspended
Prachi India Pvt Ltd                    Proposed LT Bk     CRISIL B       30      Suspended
                                        Loan Fac
Prachi India Pvt Ltd                    TL                 CRISIL B       30      Suspended
Pro-Arc Welding and Cutting Systems Pvt CC                 CRISIL B+      25      Reaffirmed
Ltd
R.K.Engineers Sales Ltd                 CC                 CRISIL BBB     50      Suspended
R.K.Engineers Sales Ltd                 Proposed BG        CRISIL BBB     80      Suspended
Rahul Uro Gynaec and Research Pvt Ltd   TL                 CRISIL B+      90      Suspended
Raja Rajeswari Krafts Pvt Ltd           CC                 CRISIL B       20      Suspended
Raja Rajeswari Krafts Pvt Ltd           Line of Credit     CRISIL B       15      Suspended
Raja Rajeswari Krafts Pvt Ltd           LT Loan            CRISIL B       26.4    Suspended
Raja Rajeswari Krafts Pvt Ltd           Proposed LT Bk     CRISIL B       16      Suspended
                                        Loan Fac
Rateria Laminators Pvt Ltd              Channel Financing  CRISIL BB      60      Reaffirmed
Renaissance Spaces                      Proposed LT Bk     CRISIL BB      180     Reaffirmed
                                        Loan Fac
S. S. and Company - Gurgaon             Proposed LT Bk     CRISIL BB      210     Assigned
                                        Loan Fac
S. S. and Company - Gurgaon             LT Loan            CRISIL BB      140     Assigned
S. S. and Company - Gurgaon             CC/ Overdraft Fac  CRISIL BB      40      Assigned
Sanee Infrastructure Pvt Ltd            Proposed CC Limit  CRISIL B       1       Assigned
Sanee Infrastructure Pvt Ltd            CC                 CRISIL B       29      Assigned
Shree Palsiddha Construction            CC                 CRISIL BB-     100     Suspended
Shree Palsiddha Construction            Proposed CC Limit  CRISIL BB-     40      Suspended
Shree Palsiddha Construction            Proposed LT Bk     CRISIL BB-     40      Suspended
                                        Loan Fac
Shyama Jewels (Madikeri) Pvt Ltd        CC                 CRISIL BB+     80      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Shyama Jewels Sourcing Pvt Ltd          CC                 CRISIL BB+     70      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Shyama Jewels Sourcing Pvt Ltd          Proposed LT Bk     CRISIL BB+     30      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Sistema Shyam Teleservices Ltd          BG                 CRISIL BB      7670    Reaffirmed
Soni Hospitals Pvt Ltd                  Proposed LT Bk     CRISIL BB-     489.4   Reaffirmed
                                        Loan Fac
Sopan Paper Mill Pvt Ltd                CC                 CRISIL B+      30      Suspended
Sopan Paper Mill Pvt Ltd                TL                 CRISIL B+      71      Suspended
Sovox Renewables Pvt Ltd                TL                 CRISIL BBB-    122.1   Suspended
St. Lawrence Educational and Charitable Proposed LT Bk     CRISIL B       75.5    Suspended
Trust                                   Loan Fac
St. Lawrence Educational and Charitable TL                 CRISIL B       54.5    Suspended
Trust
T.S.B. Overseas                         CC                 CRISIL BB+     70      Suspended
T.S.B. Overseas                         Proposed CC Limit  CRISIL BB+     50      Suspended
TANGEDCO                                Bond Programme     CRISIL A       14000   Reaffirmed
TCNS Clothing Co. Pvt Ltd               Overdraft Fac      CRISIL A       5       Upgraded from
                                                                                  CRISIL BBB+
TCNS Clothing Co. Pvt Ltd               LT Loan            CRISIL A       205     Upgraded from
                                                                                  CRISIL BBB+
Texbond Nonwovens                       CC                 CRISIL BB      22.5    Suspended
Texbond Nonwovens                       Proposed LT Bk     CRISIL BB      96.3    Suspended
                                        Loan Fac
Texbond Nonwovens                       TL                 CRISIL BB      40.9    Suspended
The Seal Coat Structural Works Pvt Ltd  CC                 CRISIL BB-     38      Suspended
The Seal Coat Structural Works Pvt Ltd  LT Loan            CRISIL BB-     7.5     Suspended
TNEB                                    8.75% Bonds*       CRISIL A       2000    Reaffirmed
* To be transferred to TANTRANSCO
Trishan Metals Pvt Ltd                  CC*                CRISIL B       81.1    Suspended
*Letter of credit (Inland) limit of Rs.45 million is within cash credit limit and one way
interchangeability from CC to LC is allowed.
Trishan Metals Pvt Ltd                  WC TL              CRISIL B       8.9     Suspended
Virgo Cements Ltd                       CC                 CRISIL D       64      Suspended
Virgo Cements Ltd                       TL                 CRISIL D       212.8   Suspended
Wahi Sons Pvt Ltd                       CC                 CRISIL BB      95      Reaffirmed
Wahi Sons Pvt Ltd                       LT Loan            CRISIL BB      50      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)

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