December 20, 2016 / 7:45 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Dec 20

Dec 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 19, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
All Services Global Pvt Ltd             BG                 CRISIL A3      150     Reaffirmed
Arafaath Travels Pvt Ltd                BG                 CRISIL A4+     45      Upgraded from
                                                                                  CRISIL A4
Avish Aviation Equipment Pvt Ltd        BG                 CRISIL A4+     40      Assigned
Bhoorathnom Construction Company Pvt LtdBG                 CRISIL A4      725     Upgraded from
                                                                                  CRISIL D
Consolidated Shipping Line India Pvt LtdBG                 CRISIL A4+     3       Downgraded
                                                                                  from CRISIL A3
CSM Technologies Pvt Ltd                Proposed ST Bk     CRISIL A4+     20      Assigned
                                        Loan Fac
CSM Technologies Pvt Ltd                BG                 CRISIL A4+     45      Assigned
Exim Logistics Pvt Ltd                  BG                 CRISIL A3      10      Reaffirmed
Favourite Plus Ceramic Pvt Ltd          BG                 CRISIL A4+     25      Reaffirmed
G.M. Dalui and Sons Pvt Ltd             BG                 CRISIL A4      40      Reaffirmed
G.M. Dalui and Sons Pvt Ltd             Bill Discounting   CRISIL A4      40      Reaffirmed
G.M. Dalui and Sons Pvt Ltd             Inland/Import LOC  CRISIL A4      20      Reaffirmed
G.Venkateshwar Reddy                    BG                 CRISIL A4      70      Reaffirmed
Gem Polytech Industries Pvt Ltd         BG                 CRISIL A4      1       Notice of
                                                                                  Withdrawal
Gem Polytech Industries Pvt Ltd         LOC                CRISIL A4      16      Notice of
                                                                                  Withdrawal
J P Polymers                            LOC                CRISIL A4      55      Assigned
K S Venkatraman and Co. Pvt Ltd         BG                 CRISIL A4      130     Reaffirmed
M/s. Hima Sai Constructions             BG                 CRISIL A4+     50      Reaffirmed
P. Chandra Reddy and Co.                BG                 CRISIL A4+     400     Reaffirmed
P. Chandra Reddy and Co.                Inland/Import LOC  CRISIL A4+     175     Reaffirmed
Palriwal Industries Pvt Ltd             BG                 CRISIL A3      95      Assigned
Palriwal Industries Pvt Ltd             LOC                CRISIL A3      18.5    Assigned
Rishi FIBC Solutions Pvt Ltd            BG                 CRISIL A1      30      Upgraded from
                                                                                  CRISIL A2+
Rishi FIBC Solutions Pvt Ltd            LOC                CRISIL A1      100     Upgraded from
                                                                                  CRISIL A2+
RPG Industrial Product Pvt Ltd          BG                 CRISIL A3      5       Assigned
RPG Industrial Product Pvt Ltd          Foreign LOC        CRISIL A3      10      Assigned
Shangold India Ltd                      Bill Purchase -    CRISIL A4+     41.2    Reaffirmed
                                        Discounting Fac
Shangold India Ltd                      Export Packing     CRISIL A4+     82.5    Reaffirmed
                                        Credit
Shobha Rice Mill Pvt Ltd                BG                 CRISIL A4      60      Assigned
Shree Shyam Bearings Pvt Ltd            LOC                CRISIL A4+     25      Notice of
                                                                                  Withdrawa
The Bank of Nova Scotia                  CD Programme      CRISIL A1+     5000    Reaffirmed
Vishal Video and Appliances Pvt Ltd     BG                 CRISIL A3      50      Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Vishal Video and Appliances Pvt Ltd     LOC                CRISIL A3      200     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Vitrag Infra Projects LLP               BG                 CRISIL A4+     295     Reaffirmed


LONG TERM RATINGS:
-------------------
Adinath Jewellery Exports               Post Shipment      CRISIL A       105     Reaffirmed
                                        Credit
Adinath Jewellery Exports               Pre Shipment       CRISIL A       245     Reaffirmed
                                        Packing Credit
Adinath Jewellery Exports               Proposed LT Bk     CRISIL A       250     Assigned
                                        Loan Fac
All Services Global Pvt Ltd             CC                 CRISIL BBB-    330     Reaffirmed
All Services Global Pvt Ltd             TL                 CRISIL BBB-    20      Reaffirmed
Arafaath Travels Pvt Ltd                Auto loans         CRISIL BB-     5       Upgraded from
                                                                                  CRISIL B+
Arafaath Travels Pvt Ltd                Overdraft Fac      CRISIL BB-     10      Upgraded from
                                                                                  CRISIL B+
Avish Aviation Equipment Pvt Ltd        Proposed LT Bk     CRISIL BB-     10      Assigned
                                        Loan Fac
Avish Aviation Equipment Pvt Ltd        CC                 CRISIL BB-     20      Assigned
Bhoorathnom Construction Company Pvt LtdCC                 CRISIL C       140     Upgraded from
                                                                                  CRISIL D
Bhoorathnom Construction Company Pvt LtdProposed FB Bk     CRISIL C       95      Upgraded from
                                        Limits                                    CRISIL D
Bhoorathnom Construction Company Pvt LtdSecured Overdraft  CRISIL C       20      Upgraded from
                                        Fac                                       CRISIL D
Bhoorathnom Construction Company Pvt LtdTL                 CRISIL C       20      Upgraded from
                                                                                  CRISIL D
Consolidated Shipping Line India Pvt LtdCC                 CRISIL BB+     36      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Consolidated Shipping Line India Pvt LtdProposed LT Bk     CRISIL BB+     2       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Consolidated Shipping Line India Pvt LtdStandby Line of    CRISIL BB+     3       Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB-
Consolidated Shipping Line India Pvt LtdTL                 CRISIL BB+     16      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
CSM Technologies Pvt Ltd                CC                 CRISIL BB+     35      Assigned
Damcosoft Pvt Ltd                       CC                 CRISIL BB-     5       Upgraded from
                                                                                  CRISIL B+
Damcosoft Pvt Ltd                       Proposed LT Bk     CRISIL BB-     8.6     Upgraded from
                                        Loan Fac                                  CRISIL B+
Damcosoft Pvt Ltd                       TL                 CRISIL BB-     146.4   Upgraded from
                                                                                  CRISIL B+
Encon Impex Pvt Ltd                     CC                 CRISIL BB      90      Assigned
Essel Mining and Industries Ltd         CC*                CRISIL AA      5600    Reaffirmed
* Fully interchangeable with packing credit/post-shipment discounting/bank
 guarantee/letter of credit and any other non-fund-based bank facility
Essel Mining and Industries Ltd         Foreign Currency TLCRISIL AA      1850    Reaffirmed
Essel Mining and Industries Ltd         Proposed CC Limit  CRISIL AA      2350    Reaffirmed
Essel Mining and Industries Ltd         Proposed Foreign   CRISIL AA      100     Reaffirmed
                                        Currency TL
Essel Mining and Industries Ltd         TL                 CRISIL AA      1100    Reaffirmed
Exim Logistics Pvt Ltd                  Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
                                        Loan Fac
Exim Logistics Pvt Ltd                  Standby Line of    CRISIL BBB-    10      Reaffirmed
                                        Credit
Exim Logistics Pvt Ltd                  WC Fac             CRISIL BBB-    90      Reaffirmed
Favourite Plus Ceramic Pvt Ltd          CC                 CRISIL BB      60      Upgraded from
                                                                                  CRISIL BB-
Favourite Plus Ceramic Pvt Ltd          LT Loan            CRISIL BB      9       Upgraded from
                                                                                  CRISIL BB-
Favourite Plus Ceramic Pvt Ltd          Proposed LT Bk     CRISIL BB      6       Assigned
                                        Loan Fac
G.M. Dalui and Sons Pvt Ltd             CC                 CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
G.Venkateshwar Reddy                    CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Gem Polytech Industries Pvt Ltd         CC                 CRISIL B-      40      Reaffirmed
Gem Polytech Industries Pvt Ltd         Standby Line of    CRISIL B-      6       Reaffirmed
                                        Credit
Gem Polytech Industries Pvt Ltd         Proposed LT Bk                    52      Withdrawal
                                        Loan Fac
Hotel Raj Park Pvt Ltd                  LT Loan            CRISIL BB+     70.8    Reaffirmed
Hotel Raj Park Pvt Ltd                  Overdraft Fac      CRISIL BB+     50      Reaffirmed
Hotel Raj Park Pvt Ltd                  Proposed CC Limit  CRISIL BB+     39.2    Assigned
Indiabulls Commercial Credit Ltd        LT Bk Fac          CRISIL AA+     4.44    Reaffirmed
Indiabulls Commercial Credit Ltd        Proposed LT Bk     CRISIL AA+     10.56   Reaffirmed
                                        Loan Fac
J P Polymers                            Proposed LT Bk     CRISIL B       30      Assigned
                                        Loan Fac
J P Polymers                            CC                 CRISIL B       15      Assigned
Jagdambaa Agro Mill Pvt Ltd             TL                 CRISIL B+      169.2   Assigned
Jagdambaa Agro Mill Pvt Ltd             CC                 CRISIL B+      50      Assigned
Jagdambaa Agro Mill Pvt Ltd             Proposed FB Bk     CRISIL B+      50.8    Assigned
                                        Limits
K S Venkatraman and Co. Pvt Ltd         CC                 CRISIL B+      120     Reaffirmed
K. V. Education Trust                   TL                 CRISIL BB      15.5    Assigned
K. V. Education Trust                   CC/ Overdraft Fac  CRISIL BB      14.5    Assigned
K. V. Education Trust                   Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
Kings Motors Pvt Ltd                    CC                 CRISIL BB+     180     Reaffirmed
Kings Motors Pvt Ltd                    TL                 CRISIL BB+     50      Assigned
Krishnapoultry Farm India Pvt Ltd       CC                 CRISIL BB-     100     Reaffirmed
M/s. Hima Sai Constructions             CC                 CRISIL BB-     15      Reaffirmed
M/s. Hima Sai Constructions             Proposed LT Bk     CRISIL BB-     135     Reaffirmed
                                        Loan Fac
Mendine Pharmaceuticals Pvt Ltd         CC                 CRISIL BB-     52.5    Reaffirmed
Millenium Buildhome Pvt Ltd             Proposed TL        CRISIL B+      150     Assigned
N P P Printing-N-Packaging              CC                 CRISIL BB+     70      Assigned
P. Chandra Reddy and Co.                Proposed LT Bk     CRISIL BB      20      Upgraded from
                                        Loan Fac                                  CRISIL BB-
P. Chandra Reddy and Co.                Secured Overdraft  CRISIL BB      75      Upgraded from
                                        Fac                                       CRISIL BB-
Palriwal Industries Pvt Ltd             CC                 CRISIL BBB-    230     Assigned
Palriwal Industries Pvt Ltd             Proposed BG        CRISIL BBB-    136.5   Assigned
Palriwal Industries Pvt Ltd             Proposed LT Bk     CRISIL BBB-    20      Assigned
                                        Loan Fac
Porbandar Solar Power Ltd                NCDs              CRISIL AA+     1202.3  Reaffirmed
Rishi FIBC Solutions Pvt Ltd            CC                 CRISIL A       450     Upgraded from
                                                                                  CRISIL A-
Rishi FIBC Solutions Pvt Ltd            Proposed LT Bk     CRISIL A       37.5    Upgraded from
                                        Loan Fac                                  CRISIL A-
Rishi FIBC Solutions Pvt Ltd            Rupee TL           CRISIL A       464.3   Upgraded from
                                                                                  CRISIL A-
RPG Industrial Product Pvt Ltd          CC                 CRISIL BBB-    150     Assigned
RPG Industrial Product Pvt Ltd          TL                 CRISIL BBB-    85      Assigned
Sachi Autonet Pvt Ltd                   CC                 CRISIL BB+     70      Reaffirmed
Sangani Infrastructure India Pvt Ltd    Proposed LT Bk     CRISIL BB-     405.5   Reaffirmed
                                        Loan Fac
Sangani Infrastructure India Pvt Ltd    TL                 CRISIL BB-     444.5   Reaffirmed
Shangold India Ltd                      CC                 CRISIL BB-     40      Reaffirmed
Shangold India Ltd                      Proposed LT Bk     CRISIL BB-     1.3     Reaffirmed
                                        Loan Fac
Shiva Shree Builders                    CC                 CRISIL B-      80      Upgraded from
                                                                                  CRISIL D
Shiva Shree Builders                    Project Loan       CRISIL B-      19      Upgraded from
                                                                                  CRISIL D
Shiva Shree Builders                    TL                 CRISIL B-      31.7    Assigned
Shiva Shree Builders                    Proposed LT Bk     CRISIL B-      29.3    Assigned
                                        Loan Fac
Shobha Rice Mill Pvt Ltd                CC                 CRISIL B+      15      Assigned
Shree Shyam Bearings Pvt Ltd            CC                 CRISIL BB+     220     Reaffirmed
Shree Shyam Bearings Pvt Ltd            Proposed CC Limit                         Withdrawal
SJ International                        Export Packing     CRISIL BB-     70      Reaffirmed
                                        Credit
Swarnsarita Gems Ltd                    CC                 CRISIL BB+     500     Reaffirmed
Swarnsarita Gems Ltd                    Proposed LT Bk     CRISIL BB+     120     Reaffirmed
                                        Loan Fac
Taiyo Feed Mill Pvt Ltd                 CC                 CRISIL BB      17.5    Reaffirmed
Taiyo Feed Mill Pvt Ltd                 LT Loan            CRISIL BB      15      Reaffirmed
Taiyo Feed Mill Pvt Ltd                 Proposed LT Bk     CRISIL BB      42.5    Reaffirmed
                                        Loan Fac
Vishal Video and Appliances Pvt Ltd     CC                 CRISIL BBB-    850     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Vishal Video and Appliances Pvt Ltd     LOC*               CRISIL BBB-    100     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
* Fully interchangeable with cash credit limit
Vishal Video and Appliances Pvt Ltd     Proposed LT Bk     CRISIL BBB-    5       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Vishal Video and Appliances Pvt Ltd     Standby Line of    CRISIL BBB-    55      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB
Vitrag Infra Projects LLP               CC                 CRISIL BB      55      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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