January 4, 2017 / 4:46 AM / 8 months ago

CORRECTED-CRISIL ratings for Indian debt instruments-Jan 4

(Correcting amount to Crores, not Millions.)
    Jan 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 2 and 3, 2017.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.CRS)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Gulf Petrochem FZC                      Bill Discounting   CRISIL A2+     703.46  Reaffirmed
Gulf Petrochem FZC                      LOC                CRISIL A2+     3224.22 Reaffirmed
Gulf Petrochem FZC                      Proposed LOC       CRISIL A2+     2000    Reaffirmed
Imperial Auto Industries Ltd            LOC & BG           CRISIL A1      8.5     Assigned
Kanhaiya Lal Kalyanmal                  Packing Credit     CRISIL A4+     3       Assigned
Krisam Automation Pvt Ltd               LOC                CRISIL A4      3       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Krisam Automation Pvt Ltd               Packing Credit     CRISIL A4      1.25    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Triton Valves Ltd                       LOC@               CRISIL A2      10      Reaffirmed
@Includes sublimit of Rs 5 crore for packing credit in foreign currency, Rs 10 crore for letter
of credit, Rs 10 crore for buyers' credit, Rs 10 crore for bank guarantee.

LONG TERM RATINGS:
-------------------
Diageo India Pvt Ltd                    CC*                CRISIL AA-     10      Reaffirmed
*Interchangeable with overdraft limit and working capital demand loans.
Diageo India Pvt Ltd                    WC Demand Loan     CRISIL AA-     130     Reaffirmed
Gulf Petrochem FZC                      Overdraft          CRISIL A-      66.55   Reaffirmed
Gulf Petrochem FZC                      Proposed LT Bk     CRISIL A-      783.77  Reaffirmed
                                        Loan Fac
Imperial Auto Industries Ltd            TL                 CRISIL A       34.5    Assigned
Imperial Auto Industries Ltd            CC*                CRISIL A       192     Assigned
*Fully interchangeable with post shipment loans
Kanhaiya Lal Kalyanmal                  Foreign Bill       CRISIL BB      7       Assigned
                                        Discounting
Krisam Automation Pvt Ltd               Overdraft          CRISIL B+      3.75    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Krisam Automation Pvt Ltd               Proposed LT Bk     CRISIL B+      2.3     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Parsewar Agro Pvt Ltd                   CC                 CRISIL BB-     7       Assigned
Parsewar Agro Pvt Ltd                   Proposed LT Bk     CRISIL BB-     0.05    Assigned
                                        Loan Fac
Parsewar Agro Pvt Ltd                   TL                 CRISIL BB-     4.95    Assigned
Parsewar and Company                    CC                 CRISIL BB-     12      Assigned
Tata Sons Ltd                           Overdraft          CRISIL AAA     50      Reaffirmed
Triton Valves Ltd                       CC*                CRISIL BBB+    32      Reaffirmed
*Includes sublimit of Rs 32 crore for working capital demand loan

Triton Valves Ltd                       CC**               CRISIL BBB+    10      Reaffirmed
**Includes sublimit of Rs 5 crore for letter of credit, Rs 10 crore for working capital demand
loan, Rs 5 crore for purchase bill discounting, Rs 8.5 crore for sales invoice finance.

Triton Valves Ltd                       LOC^               CRISIL BBB+    15      Reaffirmed
^Includes sublimit of Rs 10 crore for cash credit, Rs 10 crore for working capital demand loan,
Rs 10 crore for WCL FCY, Rs 10 crore for packing credit in foreign currency, Rs 10 crore for
foreign bill purchase,  Rs 15 crore for buyers' credit.

Triton Valves Ltd                       LOC^^              CRISIL BBB+    10      Reaffirmed
^^Includes sublimit of Rs 5 crore for cash credit, Rs 10 crore for working capital demand loan,
Rs 10 crore for buyers' credit, Rs 10 crore for packing credit in foreign currency.

Triton Valves Ltd                       LT Loan            CRISIL BBB+    10.72   Reaffirmed
Triton Valves Ltd                       Proposed FB Bk     CRISIL BBB+    2.28    Reaffirmed
                                        Limits
Triton Valves Ltd                       Proposed TL        CRISIL BBB+    10      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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