December 15, 2016 / 6:19 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Dec 15

Dec 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 14, 2016.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ankur Roller Flour Mills Pvt Ltd        LOC                CRISIL A2      200     Reaffirmed
Anupam Nirman Pvt Ltd                   BG                 CRISIL A4+     470     Suspended
Anushree Infrastructure Pvt Ltd         Overdraft Fac      CRISIL A4      18      Suspended
Archimedis Laboratories Pvt Ltd         Foreign LOC        CRISIL A4      20      Suspended
Ark Industries Pvt Ltd                  LOC                CRISIL A3      250     Reaffirmed
Balaji Fabriccs                         Packing Credit     CRISIL A4      30      Suspended
Bansal Infratech Synergies India Ltd    BG                 CRISIL A4      400     Suspended
Bhati Associates Pvt Ltd                BG                 CRISIL A4+     80      Reaffirmed
Chowdhry Rubber & Chemicals Pvt Ltd     BG                 CRISIL A4      20      Suspended
Chowdhry Rubber & Chemicals Pvt Ltd     LOC                CRISIL A4      75      Suspended
Delta Iron and Steel Company Pvt Ltd    LOC                CRISIL A3      1450    Reaffirmed
Giriraj Timber Pvt Ltd                  Import LOC Limit   CRISIL A4+     460     Suspended
Herald Marine Products Pvt Ltd          BG                 CRISIL A4+     8       Upgraded from
                                                                                  CRISIL A4
Hind Offshore Pvt Ltd                   BG                 CRISIL A4+     200     Reaffirmed
Hindustan Poly Foams Pvt Ltd            LOC                CRISIL A4+     20      Suspended
Hindustan Poly Foams Pvt Ltd            Proposed ST Bk     CRISIL A4+     20      Suspended
                                        Loan Fac
Hitech Grain Processing Pvt Ltd         LOC                CRISIL A2      970     Reaffirmed
Inder Mohan Singh Contractor            BG                 CRISIL A4      25      Suspended
Kotak Mahindra Prime Ltd                Proposed ST Bk     CRISIL A1+     29850   Reaffirmed
                                        Loan Fac
Kotak Mahindra Prime Ltd                ST Loan            CRISIL A1+     150     Reaffirmed
Kotak Mahindra Prime Ltd                ST Debt            CRISIL A1+     60000   Reaffirmed
Kotak Mahindra Prime Ltd                ST Debt Issue^     CRISIL A1+     40000   Reaffirmed
Kudu Fabrics                            LOC                CRISIL A4+     7.5     Suspended
Kumar Organic Products Ltd              LOC                CRISIL A1      150     Reaffirmed
National Polyplast India Ltd            BG                 CRISIL A4+     20      Suspended
National Polyplast India Ltd            LOC                CRISIL A4+     70      Suspended
Netafim Irrigation India Pvt Ltd        BG                 CRISIL A1      750.6   Reaffirmed
Netafim Irrigation India Pvt Ltd        Bill Discounting** CRISIL A1      50      Reaffirmed
**Interchangeable with letter of credit
Netafim Irrigation India Pvt Ltd        LOC*               CRISIL A1      1220    Reaffirmed
*Interchangeable with bank guarantee
Netafim Irrigation India Pvt Ltd        LOC                CRISIL A1      500     Reaffirmed
Netafim Irrigation India Pvt Ltd        Overdraft Fac      CRISIL A1      50      Reaffirmed
Netafim Irrigation India Pvt Ltd        ST Loan            CRISIL A1      700     Assigned
OMR Bagla Automotive Systems India Ltd  Bill Discounting   CRISIL A3+     100     Reaffirmed
OMR Bagla Automotive Systems India Ltd  Capex LOC          CRISIL A3+     25      Reaffirmed
OMR Bagla Automotive Systems India Ltd  LOC & BG           CRISIL A3+     80      Reaffirmed
Pacific Exports                         Export Packing     CRISIL A4      40      Suspended
                                        Credit
Pacific Exports                         LOC                CRISIL A4      20      Suspended
Rojer Mathew and Company                BG                 CRISIL A4      70      Reaffirmed
Sentiss Pharma Pvt Ltd                  Packing Credit     CRISIL A2+     360     Reaffirmed
Shiva Metalloys International Ltd       LOC                CRISIL A4      150     Suspended
Shivam Autotech Ltd                     LOC                CRISIL A2+     400     Withdrawal
SLR Construction Pvt Ltd                BG                 CRISIL A4      90      Suspended
Sterimed Surgicals India Pvt Ltd        LOC                CRISIL A4      15      Suspended
Taurus Powertronics Pvt Ltd             BG                 CRISIL A4      40      Suspended
Taurus Powertronics Pvt Ltd             LOC                CRISIL A4      10      Suspended
TTK Prestige Ltd                        LOC & BG           CRISIL A1+     600     Reaffirmed
TTK Prestige Ltd                        CP Programme       CRISIL A1+     500     Reaffirmed
Wahi Sons Pvt Ltd                       BG                 CRISIL A4+     10      Reaffirmed
Wahi Sons Pvt Ltd                       LOC                CRISIL A4+     30      Reaffirmed

LONG TERM RATINGS:
-------------------
Amrit Udyog - Bikaner                   CC                 CRISIL BB-     95      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Angel International                     Proposed LT Bk     CRISIL BB+     100     Reaffirmed
                                        Loan Fac
Ankur Roller Flour Mills Pvt Ltd        CC                 CRISIL BBB+    300     Reaffirmed
Ankur Roller Flour Mills Pvt Ltd        Proposed LT Bk     CRISIL BBB+    300     Reaffirmed
                                        Loan Fac
Anupam Nirman Pvt Ltd                   CC                 CRISIL BB+     130     Suspended
Anushree Infrastructure Pvt Ltd         CC                 CRISIL B       30      Suspended
Anushree Infrastructure Pvt Ltd         Proposed LT Bk     CRISIL B       8       Suspended
                                        Loan Fac
Archimedis Laboratories Pvt Ltd         CC                 CRISIL B+      60      Suspended
Archimedis Laboratories Pvt Ltd         LT Loan            CRISIL B+      37.4    Suspended
Ark Industries Pvt Ltd                  CC                 CRISIL BBB-    150     Reaffirmed
Balaji Fabriccs                         Proposed LT Bk     CRISIL B       70      Suspended
                                        Loan Fac
Bansal Infratech Synergies India Ltd    CC                 CRISIL B+      250     Suspended
Bhati Associates Pvt Ltd                CC                 CRISIL BB-     80      Reaffirmed
Caps Gold Pvt Ltd                       CC                 CRISIL BBB-    530     Suspended
Caps Gold Pvt Ltd                       Proposed LT Bk     CRISIL BBB-    20      Suspended
                                        Loan Fac
Chauhan Poultry Farm                    CC                 CRISIL B       32.5    Reaffirmed
Chauhan Poultry Farm                    Proposed LT Bk     CRISIL B       10      Reaffirmed
                                        Loan Fac
Chauhan Poultry Farm                    TL                 CRISIL B       57.5    Reaffirmed
Chowdhry Rubber & Chemicals Pvt Ltd     CC                 CRISIL B+      175     Suspended
Contentra Technologies (India) Pvt Ltd  Proposed LT Bk     CRISIL B+      50      Suspended
                                        Loan Fac
Datt Realinfra Pvt Ltd                  Proposed LT Bk     CRISIL B+      90      Assigned
                                        Loan Fac
Delta Iron and Steel Company Pvt Ltd    CC                 CRISIL BBB-    300     Reaffirmed
Giriraj Timber Pvt Ltd                  CC                 CRISIL BB-     40      Suspended
Godwin Agro Products Ltd                CC                 CRISIL B-      59      Suspended
Godwin Agro Products Ltd                TL                 CRISIL B-      131     Suspended
Herald Marine Products Pvt Ltd          CC                 CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+
Herald Marine Products Pvt Ltd          Proposed LT Bk     CRISIL BB-     7       Upgraded from
                                        Loan Fac                                  CRISIL B+
Herald Marine Products Pvt Ltd          Rupee TL           CRISIL BB-     35      Upgraded from
                                                                                  CRISIL B+
Hind Offshore Pvt Ltd                   TL                 CRISIL BB+     450     Reaffirmed
Hindustan Poly Foams Pvt Ltd            CC                 CRISIL BB-     40      Suspended
Hindustan Poly Foams Pvt Ltd            Proposed LT Bk     CRISIL BB-     20      Suspended
                                        Loan Fac
Hitech Agpro Pvt Ltd                    Proposed LT Bk     CRISIL BB+     100     Reaffirmed
                                        Loan Fac
Hitech Grain Processing Pvt Ltd         CC                 CRISIL BBB+    1070    Reaffirmed
Hitech Grain Processing Pvt Ltd         Proposed LT Bk     CRISIL BBB+    310     Reaffirmed
                                        Loan Fac
Igaku Needles Pvt Ltd                   CC                 CRISIL D       22      Suspended
Igaku Needles Pvt Ltd                   Proposed LT Bk     CRISIL D       2       Suspended
                                        Loan Fac
Igaku Needles Pvt Ltd                   TL                 CRISIL D       46      Suspended
Inder Mohan Singh Contractor            CC                 CRISIL B+      60      Suspended
Inder Mohan Singh Contractor            Proposed LT Bk     CRISIL B+      25      Suspended
                                        Loan Fac
Kotak Mahindra Prime Ltd                CC & WC demand loanCRISIL AAA     38500   Reaffirmed
Kotak Mahindra Prime Ltd                LT Loan            CRISIL AAA     2710    Reaffirmed
Kotak Mahindra Prime Ltd                Proposed LT Bk     CRISIL AAA     28790   Reaffirmed
                                        Loan Fac
Kotak Mahindra Prime Ltd                NCDs               CRISIL         28000   Assigned
                                                           AAA/Stable
Kotak Mahindra Prime Ltd                NCDs               CRISIL         145942  Reaffirmed
                                                           AAA/Stable
Kotak Mahindra Prime Ltd                Subordinated Debt  CRISIL         7900    Reaffirmed
                                                           AAA/Stable
Kotak Mahindra Prime Ltd                Nifty Linked       CRISIL PP-MLD  3290    Reaffirmed
                                        Debentures         AAAr/Stable
Kudu Fabrics                            CC                 CRISIL BB      130     Suspended
Kudu Fabrics                            Proposed LT Bk     CRISIL BB      12.5    Suspended
                                        Loan Fac
Kumar Organic Products Ltd              CC                 CRISIL A-      100     Reaffirmed
Kumar Organic Products Ltd              Proposed LT Bk     CRISIL A-      241.1   Reaffirmed
                                        Loan Fac
Mansha Agencies Pvt Ltd                 CC                 CRISIL BBB     350     Suspended
Mansha Agencies Pvt Ltd                 Proposed LT Bk     CRISIL BBB     50      Suspended
                                        Loan Fac
National Polyplast India Ltd            CC                 CRISIL BB+     140     Suspended
National Polyplast India Ltd            LT Loan            CRISIL BB+     57.5    Suspended
National Polyplast India Ltd            Proposed LT Bk     CRISIL BB+     252.5   Suspended
                                        Loan Fac
Netafim Irrigation India Pvt Ltd        CC**               CRISIL A       900     Reaffirmed
**Interchangeable with letter of credit
Nikunj Exports                          CC                 CRISIL B       60      Suspended
Nikunj Exports                          LT Loan            CRISIL B       62.5    Suspended
Nikunj Exports                          Proposed LT Bk     CRISIL B       2.5     Suspended
                                        Loan Fac
OMR Bagla Automotive Systems India Ltd  CC                 CRISIL BBB     40      Reaffirmed
OMR Bagla Automotive Systems India Ltd  Proposed LT Bk     CRISIL BBB     65      Reaffirmed
                                        Loan Fac
Oswal Arts Pvt Ltd                      CC                 CRISIL BB-     270     Suspended
Oswal Arts Pvt Ltd                      Cash TL            CRISIL BB-     30      Suspended
Oswal Motels and Resorts Ltd            Proposed TL        CRISIL B-      100     Suspended
Oswal Motels and Resorts Ltd            TL                 CRISIL B-      150     Suspended
Oswal Traders and Travels Pvt Ltd       CC                 CRISIL BB-     250     Suspended
Oswal Traders and Travels Pvt Ltd       TL                 CRISIL BB-     50      Suspended
Renuka Gum and Chemical Industries      CC                 CRISIL BB-     35      Suspended
Renuka Gum and Chemical Industries      TL                 CRISIL BB-     17      Suspended
Rojer Mathew and Company                CC                 CRISIL B-      120     Reaffirmed
RTM Real Estates                        LT Loan            CRISIL B+      90      Assigned
S. M. Infrastructure Pvt Ltd            TL                 CRISIL B+      99      Suspended
Sentiss Pharma Pvt Ltd                  Proposed LT Bk     CRISIL A-      40      Reaffirmed
                                        Loan Fac
Shiva Metalloys International Ltd       CC                 CRISIL B+      110     Suspended
Shivam Autotech Ltd                     CC*                CRISIL         1150    Withdrawal
                                                           A-/Negative
*Interchangeable with working capital demand loans
Shivam Autotech Ltd                     Rupee TL           CRISIL BBB+    1384.2  Downgraded
                                                                                  from CRISIL A-
Shree Balaji Cotgin Pvt Ltd             CC                 CRISIL B       27.5    Reaffirmed
Shree Balaji Cotgin Pvt Ltd             Proposed LT Bk     CRISIL B       12.3    Reaffirmed
                                        Loan Fac
Shree Balaji Cotgin Pvt Ltd             TL                 CRISIL B       20.2    Reaffirmed
Shrishti Enterprises                    CC                 CRISIL B+      85      Suspended
Shrishti Enterprises                    Proposed LT Bk     CRISIL B+      15      Suspended
                                        Loan Fac
SLR Construction Pvt Ltd                Overdraft Fac      CRISIL B+      25      Suspended
SLR Construction Pvt Ltd                Proposed LT Bk     CRISIL B+      2       Suspended
                                        Loan Fac
Sterimed Surgicals India Pvt Ltd        CC                 CRISIL B       30      Suspended
Sterimed Surgicals India Pvt Ltd        TL                 CRISIL B       15      Suspended
Sterimed Surgicals India Pvt Ltd        WC TL              CRISIL B       15      Suspended
Taurus Powertronics Pvt Ltd             CC                 CRISIL B+      19      Suspended
Taurus Powertronics Pvt Ltd             Proposed LT Bk     CRISIL B+      51      Suspended
                                        Loan Fac
Tirupati Trading Corporation            CC                 CRISIL B+      110     Suspended
TTK Prestige Ltd                        CC                 CRISIL AA-     900     Reaffirmed
TTK Prestige Ltd                        Proposed LT Bk     CRISIL AA-     450     Reaffirmed
                                        Loan Fac
Ujjawal Savera Samiti (Meerut)          Proposed LT Bk     CRISIL B       10      Suspended
                                        Loan Fac
Wahi Sons Pvt Ltd                       CC                 CRISIL BB      95      Reaffirmed
Wahi Sons Pvt Ltd                       LT Loan            CRISIL BB      30      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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