January 10, 2017 / 4:31 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Jan 10

Jan 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 9, 2017.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aculife Healthcare Pvt Ltd              LOC*               CRISIL A3+     500     Assigned
*Fully interchangeable with bank guarantee
Aculife Healthcare Pvt Ltd              Proposed LOC*      CRISIL A3+     250     Assigned
*Fully interchangeable with bank guarantee
Amar Organics                           LOC                CRISIL A4      50      Reaffirmed
Amar Organics                           LOC Bill           CRISIL A4      10      Reaffirmed
                                        Discounting
Bajaj Processors Ltd                    BG                 CRISIL A4      5       Reaffirmed
Britto Timbers Pvt Ltd                  LOC                CRISIL A4      80      Reaffirmed
Cura Health Care Pvt Ltd                BG                 CRISIL A4+     50      Reaffirmed
Cura Health Care Pvt Ltd                LOC                CRISIL A4+     50      Reaffirmed
Falcon Marine Exports Ltd               LOC & BG           CRISIL A1      205     Reaffirmed
Falcon Marine Exports Ltd               Post Shipment      CRISIL A1      450     Reaffirmed
                                        Credit
Shyam Metalics and Energy Ltd           BG                 CRISIL A2+     180     Reaffirmed
Shyam Metalics and Energy Ltd           LOC                CRISIL A2+     2840    Reaffirmed
Shyam Sel and Power Ltd                 BG                 CRISIL A2+     250     Reaffirmed
Shyam Sel and Power Ltd                 LOC                CRISIL A2+     2900    Reaffirmed
Shyam Sel and Power Ltd                 CP                 CRISIL A2+     1500    Reaffirmed

LONG TERM RATINGS:
-------------------
Aculife Healthcare Pvt Ltd              CC                 CRISIL BBB     1000    Reaffirmed
Aculife Healthcare Pvt Ltd              TL                 CRISIL BBB     2700    Reaffirmed
Aculife Healthcare Pvt Ltd              Proposed CC Limit  CRISIL BBB     250     Reaffirmed
Amar Organics                           CC                 CRISIL B       27.5    Reaffirmed
Amar Organics                           Proposed LT Bk     CRISIL B       52.5    Reaffirmed
                                        Loan Fac
Bajaj Processors Ltd                    CC                 CRISIL B+      100     Reaffirmed
Bajaj Processors Ltd                    TL                 CRISIL B+      111.4   Reaffirmed
Britto Timbers Pvt Ltd                  CC                 CRISIL B       10      Reaffirmed
Cura Health Care Pvt Ltd                CC                 CRISIL BB+     150     Reaffirmed
Falcon Marine Exports Ltd               Export Packing     CRISIL A       792     Assigned
                                        Credit
Falcon Marine Exports Ltd               Proposed LT Bk     CRISIL A       600     Assigned
                                        Loan Fac
Falcon Marine Exports Ltd               Standby Line of    CRISIL A       88      Assigned
                                        Credit
Home Credit India Finance Pvt Ltd       LT Bk Fac          CRISIL BBB     5385    Reaffirmed
Home Credit India Finance Pvt Ltd       Proposed LT Bk     CRISIL BBB     2615    Reaffirmed
                                        Loan Fac
Jay Dwarkadhish Ginning & Oil IndustriesCC                 CRISIL BB-     85      Reaffirmed
Jay Dwarkadhish Ginning & Oil IndustriesCash TL            CRISIL BB-     14.5    Reaffirmed
Jay Dwarkadhish Ginning & Oil IndustriesProposed LT Bk     CRISIL BB-     0.5     Reaffirmed
                                        Loan Fac
Krishna Cotton - Jamnagar               CC                 CRISIL B+      70      Reaffirmed
Krishna Cotton - Jamnagar               Proposed LT Bk     CRISIL B+      16.4    Reaffirmed
                                        Loan Fac
Krishna Cotton - Jamnagar               TL                 CRISIL B+      13.6    Reaffirmed
Popatlal Nathalal Shah                  acking Credit      CRISIL BB+     271     Reaffirmed
Popatlal Nathalal Shah                  Post Shipment      CRISIL BB+     599     Reaffirmed
                                        Credit
Sai Rama Sea Foods                      CC                 CRISIL BB      52.5    Assigned
Sai Rama Sea Foods                      Proposed WC Fac    CRISIL BB      47.5    Assigned
Sanvita Bio Technologies Pvt Ltd        LT Loan            CRISIL B       601.5   Reaffirmed
Sanvita Bio Technologies Pvt Ltd        Proposed CC Limit  CRISIL B       30      Reaffirmed
Sanvita Bio Technologies Pvt Ltd        Proposed LT Bk     CRISIL B       388.5   Reaffirmed
                                        Loan Fac
Shyam Metalics and Energy Ltd           CC                 CRISIL A-      2500    Reaffirmed
Shyam Metalics and Energy Ltd           Proposed TL        CRISIL A-      846.4   Reaffirmed
Shyam Metalics and Energy Ltd           TL                 CRISIL A-      269.3   Reaffirmed
Shyam Metalics and Energy Ltd           TL*                CRISIL A-      540     Reaffirmed
* INR equivalent of USD 12 million
Shyam Metalics and Energy Ltd           TL#                CRISIL A-      84.4    Reaffirmed
# INR equivalent of USD 1.875 million
Shyam Metalics and Energy Ltd           TL^                CRISIL A-      149.9   Reaffirmed
^ INR equivalent of USD 3.332 million
Shyam Sel and Power Ltd                 CC                 CRISIL A-      2500    Reaffirmed
Shyam Sel and Power Ltd                 Proposed TL        CRISIL A-      1960.8  Reaffirmed
Shyam Sel and Power Ltd                 TL                 CRISIL A-      238.8   Reaffirmed
Shyam Sel and Power Ltd                 TL*                CRISIL A-      690.9   Reaffirmed
* INR equivalent of USD 14.1 million
Shyam Sel and Power Ltd                 TL#                CRISIL A-      514.5   Reaffirmed
# INR equivalent of USD 10.5 million 
Shyam Sel and Power Ltd                 TL^                CRISIL A-      245     Reaffirmed
^ INR equivalent of USD 5.0 million
Sifti Rice Mills                        CC                 CRISIL B       250     Reaffirmed
Sifti Rice Mills                        Proposed LT Bk     CRISIL B       3.5     Reaffirmed
                                        Loan Fac
Sifti Rice Mills                        TL                 CRISIL B       7       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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