January 6, 2017 / 5:19 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Jan 6

8 Min Read

Jan 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 5, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. B. Polypacks Pvt Ltd                 LOC                CRISIL A4+     25      Assigned
Exemed Pharmaceuticals                  Inland/Import LOC  CRISIL A2      80      Assigned
Granada Services Pvt Ltd                BG                 CRISIL A3      30      Assigned
Padmavati Pipes and Fittings Inc        BG                 CRISIL A4+     5       Assigned
Siraj International LLP                 LOC                CRISIL A4+     90      Assigned
Vadodara Gas Ltd                        LOC                CRISIL A2      250     Assigned
Vibhor Steel Tubes Pvt Ltd              BG                 CRISIL A4+     70      Reaffirmed
Viraj Projects India Pvt Ltd            BG                 CRISIL A4+     297     Assigned

LONG TERM RATINGS:
-------------------
A. B. Polypacks Pvt Ltd                 Proposed LT Bk     CRISIL BB+     6       Assigned
                                        Loan Fac
A. B. Polypacks Pvt Ltd                 CC                 CRISIL BB+     69      Assigned
Clover Energy Pvt Ltd                   Proposed TL        CRISIL BBB-    105.7   Reaffirmed
Clover Energy Pvt Ltd                   TL                 CRISIL BBB-    2164    Assigned
Din Dayal Purushottam Lal               CC                 CRISIL B+      600     Reaffirmed
Exemed Pharmaceuticals                  Proposed LT Bk     CRISIL BBB+    20      Assigned
                                        Loan Fac
Exemed Pharmaceuticals                  CC@#               CRISIL BBB+    50      Assigned
@Cash credit is interchangeable with Inland/ Import Letter of Credit to the extent of Rs.5.00
Cr.
# Cash credit is interchangeable with Packing Credit to the extent of Rs.5.00 Cr.
Granada Services Pvt Ltd                Foreign Bill       CRISIL BBB-    65      Assigned
                                        Discounting
Iris Ecopower Venture Pvt Ltd           TL                 CRISIL BBB-    1095.5  Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Leap Green Energy Pvt Ltd               TL                 CRISIL BBB-    310     Upgraded from
                                                                                  CRISIL BB-
Lotus Clean Power Venture Pvt Ltd       TL                 CRISIL BBB-    1294.6  Reaffirmed
Maple Renewable Power Pvt Ltd           TL                 CRISIL BBB-    1788.2  Reaffirmed
(Enhanced from Rs.154.85 Crore)
Olive Ecopower Pvt Ltd                  TL                 CRISIL BBB-    882.8   Assigned
Orchid Renewable Powertech Pvt Ltd      Proposed TL        CRISIL BBB-    10      Reaffirmed
Orchid Renewable Powertech Pvt Ltd      TL                 CRISIL BBB-    1640    Reaffirmed
Padmavati Pipes and Fittings Inc        CC                 CRISIL BB+     87.5    Upgraded from
                                                                                  CRISIL BB-
Padmavati Pipes and Fittings Inc        Foreign LOC        CRISIL BB+     15      Upgraded from
                                                                                  CRISIL BB-
Padmavati Pipes and Fittings Inc        Proposed LT Bk     CRISIL BB+     10      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Padmavati Pipes and Fittings Inc        LT Loan            CRISIL BB+     40      Upgraded from
                                                                                  CRISIL BB-
Param Tex Fab Pvt Ltd                   Proposed TL        CRISIL B+      52      Assigned
Param Tex Fab Pvt Ltd                   Proposed LT Bk     CRISIL B+      28      Assigned
                                        Loan Fac
Param Tex Fab Pvt Ltd                   CC                 CRISIL B+      40      Assigned
Param Tex Fab Pvt Ltd                   Proposed CC Limit  CRISIL B+      30      Assigned
Seth Roshan Lal Jain Trust              CC                 CRISIL BBB     250     Reaffirmed
Siraj International LLP                 CC                 CRISIL BB      50      Assigned
Tulip Renewable Powertech Pvt Ltd       TL                 CRISIL BBB-    2060    Reaffirmed
Vadodara Gas Ltd                        LT Loan            CRISIL BBB+    3645.9  Assigned
Vibhor Steel Tubes Pvt Ltd              CC                 CRISIL BB      280     Reaffirmed
Vibhor Steel Tubes Pvt Ltd              LT Loan            CRISIL BB      69.6    Reaffirmed
Violet Green Power Pvt Ltd              TL                 CRISIL BBB-    660     Reaffirmed
Viraj Projects India Pvt Ltd            Proposed LT Bk     CRISIL BB      100     Assigned
                                        Loan Fac
Viraj Projects India Pvt Ltd            CC                 CRISIL BB      203     Assigned
--------------------------------------------------------------------------------------------
$: 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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