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CRISIL ratings for Indian debt instruments-Feb 8
February 8, 2017 / 5:53 AM / in 9 months

CRISIL ratings for Indian debt instruments-Feb 8

    Feb 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 7, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bet Medical Pvt Ltd                     Import LOC Limit   CRISIL A4+     75      Reaffirmed
BP Plyboard Pvt Ltd                     Letter Of GuaranteeCRISIL A4      2.8     Reaffirmed
BP Plyboard Pvt Ltd                     LOC                CRISIL A4      8       Reaffirmed
Brightway Contractors and Developers    BG                 CRISIL A4      55      Reaffirmed
CIM Tools Pvt Ltd                       Foreign            CRISIL A4+     140     Reaffirmed
                                        Discounting Bill
                                        Purchase
CIM Tools Pvt Ltd                       Inland/Import LOC  CRISIL A4+     40      Reaffirmed
DCM Ltd                                 BG                 CRISIL A3      7.5     @
DCM Ltd                                 Foreign Bill       CRISIL A3      600     @
DCM Ltd                                 LOC                CRISIL A3      85      @
DCM Ltd                                 Packing Credit     CRISIL A3      520     @
East India Holdings Pvt Ltd             LOC                CRISIL A4+     60      Upgraded from
                                                                                  CRISIL A4
Edelweiss Finvest Pvt Ltd               ST Debt            CRISIL A1+     10000   Reaffirmed
Edelweiss Finvest Pvt Ltd               ST Debt Issue      CRISIL PP-MLD  5000    Reaffirmed
                                                           A1+r
Geeta Heemghar Pvt Ltd                  Overdraft          CRISIL A4      7.4     Assigned
Hi-Tech Power and Steel Ltd             LOC                CRISIL A4+     290     Reaffirmed
Kalpataru Power Transmission Ltd        LOC & BG           CRISIL A1+     55000   Reaffirmed
Kalpataru Power Transmission Ltd        Proposed LOC & BG  CRISIL A1+     20000   Reaffirmed
Kalpataru Power Transmission Ltd         ST Debt           CRISIL A1+     1000    Reaffirmed
                                        (Including CP)
Rudranee Infrastructure Ltd             BG                 CRISIL D       400     Downgraded
                                                                                  from CRISIL A4
Rudranee Infrastructure Ltd             Proposed LOC & BG  CRISIL D       660     Downgraded
                                                                                  from CRISIL A4
S. B. Khakal                            BG                 CRISIL A4+     30      Reaffirmed
S. B. Khakal                            LOC                CRISIL A4+     20      Reaffirmed
Shreenath Ceramics Industries           LOC & BG           CRISIL A3      69      Reassigned
Sree Saradhambal Automobiles Erode Pvt  Inventory Funding  CRISIL A4+     170     Reaffirmed
Ltd                                     Fac
Sree Saradhambal Automobiles Erode Pvt  Overdraft          CRISIL A4+     50      Reaffirmed
Ltd
Sree Saradhambal Automobiles Pvt Ltd    Inventory Funding  CRISIL A4+     50      Reaffirmed
                                        Fac
Sree Saradhambal Automobiles Pvt Ltd    Overdraft          CRISIL A4+     35      Reaffirmed
Sudalagunta Sugars Ltd                  BG                 CRISIL A4      150.5   Reassigned
Tube Investments of India Ltd           LOC**              CRISIL A1+     3000    Reaffirmed
**Interchangeable with bank guarantee
Vincent Solar Energy                    BG                 CRISIL A4+     15      Assigned
Vishnuraam Textiles Ltd                 BG                 CRISIL A4      1.1     Reaffirmed
Vishnuraam Textiles Ltd                 LOC                CRISIL A4      27.5    Reaffirmed
Xoriant Solutions Pvt Ltd               Foreign Bill       CRISIL A2      50      Upgraded from
                                        Discounting                               CRISIL A3+
LONG TERM RATINGS:
-------------------    
Arihant Syncotex Mills Pvt Ltd          CC                 CRISIL BB-     140     Reaffirmed
Bet Medical Pvt Ltd                     TL                 CRISIL BB      35      Reaffirmed
BP Plyboard Pvt Ltd                     CC                 CRISIL B+      45      Reaffirmed
BP Plyboard Pvt Ltd                     Proposed FB Bk     CRISIL B+      26.2    Reaffirmed
                                        Limits
BP Plyboard Pvt Ltd                     TL                 CRISIL B+      28      Reaffirmed
Brightway Contractors and Developers    CC                 CRISIL B       40      Reaffirmed
CIM Tools Pvt Ltd                       CC                 CRISIL BB+     20      Reaffirmed
CIM Tools Pvt Ltd                       External           CRISIL BB+     20      Reaffirmed
                                        Commercial
                                        Borrowings
CIM Tools Pvt Ltd                       TL                 CRISIL BB+     26.3    Reaffirmed
Darjeeling Power Pvt Ltd                TL                 CRISIL BBB-    220     Assigned
DCM Ltd                                 CC                 CRISIL BBB-    340     @
DCM Ltd                                 TL                 CRISIL BBB-    849.6   @
East India Holdings Pvt Ltd             CC                 CRISIL BB-     110     Upgraded from
                                                                                  CRISIL B+
East India Holdings Pvt Ltd             Proposed LT Bk     CRISIL BB-     30      Upgraded from
                                        Loan Fac                                  CRISIL B+
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      2000    Reaffirmed
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  6500    Assigned
                                        Protected Market   AAr
                                        Linked Debentures 
Geeta Heemghar Pvt Ltd                  CC                 CRISIL B       52      Assigned
Geeta Heemghar Pvt Ltd                  LT Loan            CRISIL B       40      Assigned
Hi-Tech Power and Steel Ltd             CC                 CRISIL BB+     450     Reaffirmed
Hi-Tech Power and Steel Ltd             Proposed LT Bk     CRISIL BB+     18.6    Reaffirmed
                                        Loan Fac
Hi-Tech Power and Steel Ltd             Standby Line of    CRISIL BB+     50      Reaffirmed
                                        Credit
Hi-Tech Power and Steel Ltd             TL                 CRISIL BB+     511.4   Reaffirmed
Hotel Babylon Capital Pvt Ltd           LT Loan            CRISIL B+      290     Assigned
Invest Gold and General Finance Pvt Ltd Proposed LT Bk     CRISIL B+      50      Assigned
                                        Loan Fac
JP Morgan Asset Management Company Ltd  JP Morgan India    CRISIL AAAmfs  -       Placed on
                                        Liquid Fund                               Notice of
                                                                                  Withdrawal
(Taken over by Edelweiss Asset Management Company Ltd and renamed Edelweiss Liquid Fund)
JP Morgan Asset Management Company Ltd  JP Morgan India    CRISIL AAAmfs  -       Placed on
                                        Active Bond Fund                          Notice of
                                                                                  Withdrawal
(Taken over by Edelweiss Asset Management Company Ltd and renamed Edelweiss Bond Fund)
Kalpataru Power Transmission Ltd        CC#                CRISIL AA      7750    Reaffirmed
# Rs 12.5 crores is interchangeable between fund-based and non-fund-based limits
Kalpataru Power Transmission Ltd        LOC & BG^          CRISIL AA      10120   Reaffirmed
^ Interchangeable with fund-based limits; however, overall fund-based limits will not exceed
Rs.800 crore
Kalpataru Power Transmission Ltd        Proposed LOC & BG^ CRISIL AA      1000    Reaffirmed
^ Interchangeable with fund-based limits; however, overall fund-based limits will not exceed
Rs.800 crore
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      2000    Assigned
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      2000    Reaffirmed
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      600     Withdrawal
Lion Manpower Solutions Pvt Ltd         CC                 CRISIL BB+     100     Reaffirmed
Lion Manpower Solutions Pvt Ltd         Proposed LT Bk     CRISIL BB+     100     Reaffirmed
                                        Loan Fac
M/s. TNR Industries Pvt Ltd             CC                 CRISIL C       70      Downgraded
                                                                                  from CRISIL B-
M/s. TNR Industries Pvt Ltd             LT Loan            CRISIL C       39      Downgraded
                                                                                  from CRISIL B-
M/s. TNR Industries Pvt Ltd             Proposed LT Bk     CRISIL C       41      Downgraded
                                        Loan Fac                                  from CRISIL B-
Mangalagiri Textiles Mills Pvt Ltd      CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL B-
Mangalagiri Textiles Mills Pvt Ltd      LT Loan            CRISIL D       140     Downgraded
                                                                                  from CRISIL B-
Rudranee Infrastructure Ltd             CC                 CRISIL D       1090    Downgraded
                                                                                  from CRISIL B-
Rudranee Infrastructure Ltd             Proposed CC Limit  CRISIL D       350     Downgraded
                                                                                  from CRISIL B-
S. B. Khakal                            CC                 CRISIL BB      50      Reaffirmed
S. B. Khakal                            Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
Saipooja Agrotech Cold Storage          Pledge Loan        CRISIL B       45      Reaffirmed
Saipooja Agrotech Cold Storage          Proposed LT Bk     CRISIL B       51.9    Reaffirmed
                                        Loan Fac
Saipooja Agrotech Cold Storage          TL                 CRISIL B       28.1    Reaffirmed
Savariya Industries                     CC                 CRISIL B       60      Assigned
Shreenath Ceramics Industries           CC                 CRISIL BBB-    120     Reaffirmed
Shreenath Ceramics Industries           Proposed LT Bk     CRISIL BBB-    16.5    Reaffirmed
                                        Loan Fac
Sree Saradhambal Automobiles Erode Pvt  Inventory Funding  CRISIL BB-     35      Reaffirmed
Ltd                                     Fac
Sree Saradhambal Automobiles Erode Pvt  LT Loan            CRISIL BB-     25      Reaffirmed
Ltd
Sree Saradhambal Automobiles Erode Pvt  Proposed LT Bk     CRISIL BB-     20      Reaffirmed
Ltd                                     Loan Fac
Sree Saradhambal Automobiles Pvt Ltd    Inventory Funding  CRISIL BB-     245     Reaffirmed
                                        Fac
Sree Saradhambal Automobiles Pvt Ltd    LT Loan            CRISIL BB-     100     Reaffirmed
Sree Saradhambal Automobiles Pvt Ltd    Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Sri Janardhan Agro Industries           CC                 CRISIL BB      50      Assigned
Sri Muthumari Charitable and            TL                 CRISIL D       70      Reaffirmed
Educational Trust
Sudalagunta Sugars Ltd                  Bill Discounting   CRISIL B+      100     Reaffirmed
Sudalagunta Sugars Ltd                  CC                 CRISIL B+      925     Reaffirmed
Sudalagunta Sugars Ltd                  LT Loan            CRISIL B+      461.7   Reaffirmed
Sudalagunta Sugars Ltd                  SEFASU Loan        CRISIL B+      123.7   Reaffirmed
Sudalagunta Sugars Ltd                  Warehouse FinancingCRISIL B+      248.5   Reaffirmed
Sudalagunta Sugars Ltd                  WC Demand Loan     CRISIL B+      33.4    Reaffirmed
Trinity Eye Hospital                    Proposed LT Bk     CRISIL B+      315     Assigned
                                        Loan Fac
Trinity Eye Hospital                    LT Loan            CRISIL B+      120     Assigned
Trinity Eye Hospital                    Overdraft          CRISIL B+      15      Assigned
Tube Investments of India Ltd           CC*                CRISIL AA      4000    Reaffirmed
*Interchangeable with short-term buyer's credit, packing credit, and working capital demand
loan 
Universal Constructions                 TL                 CRISIL D       120     Downgraded
                                                                                  from CRISIL B
Vincent Solar Energy                    Standby Line of    CRISIL BB-     5       Assigned
                                        Credit
Vincent Solar Energy                    Proposed LT Bk     CRISIL BB-     20      Assigned
                                        Loan Fac
Vincent Solar Energy                    CC                 CRISIL BB-     50      Assigned
Vishnuraam Textiles Ltd                 CC                 CRISIL B       43      Reaffirmed
Vishnuraam Textiles Ltd                 LT Loan            CRISIL B       68.2    Reaffirmed
Xoriant Solutions Pvt Ltd               Proposed LT Bk     CRISIL BBB+    50      Upgraded from
                                        Loan Fac                                  CRISIL BBB
--------------------------------------------------------------------------------------------
$: 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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