Reuters logo
CRISIL ratings for Indian debt instruments-Feb 10
February 10, 2017 / 4:10 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Feb 10

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


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ajay Natavarlal Commodities Pvt Ltd     BG                 CRISIL A3      300     Reaffirmed
ANS Pvt Ltd                             BG                 CRISIL A3      700     Reaffirmed
Euro Vistaa India Ltd                   BG                 CRISIL A4+     30      Reaffirmed
Euro Vistaa India Ltd                   Bill Discounting   CRISIL A4+     450     Reaffirmed
Euro Vistaa India Ltd                   LOC                CRISIL A4+     30      Reaffirmed
Euro Vistaa India Ltd                   Packing Credit     CRISIL A4+     85      Reaffirmed
G N Construction - Ambikapur            BG                 CRISIL A4+     7       Assigned
HV Connecting Infra (India) Pvt Ltd     BG                 CRISIL A4      20      Assigned
Paramount Minerals and Chemicals Ltd    BG                 CRISIL A2      7.5     Reaffirmed
Paramount Minerals and Chemicals Ltd    Bill Discounting   CRISIL A2      150     Reaffirmed
                                        under LOC
Paramount Minerals and Chemicals Ltd    LOC                CRISIL A2      185     Reaffirmed
Paramount Minerals and Chemicals Ltd    Packing Credit in  CRISIL A2      133.4   Reaffirmed
                                        Foreign Currency
Prakash Road Lines Corporation Ltd      BG                 CRISIL A4+     40      Reaffirmed
Precision Engineering Components        BG                 CRISIL A4      7.6     Reaffirmed
Precision Engineering Components        Bill Discounting   CRISIL A4      5       Reaffirmed
Precision Engineering Components        LOC                CRISIL A4      12      Reaffirmed
Quadra Infratel Synergies Pvt Ltd       BG                 CRISIL A4      30      Reaffirmed
Souvenir Developers India Pvt Ltd       BG                 CRISIL A4+     100     Assigned
Souvenir Developers India Pvt Ltd       Proposed NFBL      CRISIL A4+     50      Assigned
Super Tech Laces Tirupur Pvt Ltd        Letter Of GuaranteeCRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Tulips Ambbience Pvt Ltd                LOC                CRISIL D       3       Downgraded
                                                                                  from CRISIL A4
UB Foods Pvt Ltd                        Foreign Exchange   CRISIL A4+     20      Reaffirmed
                                        Forward
UB Foods Pvt Ltd                        Import LOC Limit   CRISIL A4+     12.5    Reaffirmed
UB Foods Pvt Ltd                        Packing Credit     CRISIL A4+     7.5     Reaffirmed
Venkatadri Spinning Mills Pvt Ltd       BG                 CRISIL A4      1.8     Upgraded from
                                                                                  CRISIL D
Win India Exports                       Foreign Bill       CRISIL A4+     90      Reaffirmed
                                        Exchange
Win India Exports                       Packing Credit     CRISIL A4+     55      Reaffirmed

LONG TERM RATINGS:
-------------------
Ajay Natavarlal Commodities Pvt Ltd     Overdraft          CRISIL BBB-    100     Reaffirmed
ANS Pvt Ltd                             Overdraft          CRISIL BBB-    80      Reaffirmed
Apex Builders                           CC                 CRISIL B+      80      Reaffirmed
Apex Builders                           TL                 CRISIL B+      120     Reaffirmed
Bireshwar Cold Storage Pvt Ltd          CC                 CRISIL B       40      Reaffirmed
Bireshwar Cold Storage Pvt Ltd          Proposed LT Bk     CRISIL B       40.1    Reaffirmed
                                        Loan Fac
Bireshwar Cold Storage Pvt Ltd          WC Loan            CRISIL B       6       Reaffirmed
Bireshwar Cold Storage Pvt Ltd          WC TL              CRISIL B       2.4     Reaffirmed
Dholadhar Developers Pvt Ltd            Proposed LT Bk     CRISIL D       22      Downgraded
                                        Loan Fac                                  from CRISIL C
Dholadhar Developers Pvt Ltd            TL                 CRISIL D       80      Downgraded
                                                                                  from CRISIL C
Euro Vistaa India Ltd                   Proposed LT Bk     CRISIL BB      73.8    Upgraded from
                                        Loan Fac                                  CRISIL BB-
Euro Vistaa India Ltd                   TL                 CRISIL BB      53      Upgraded from
                                                                                  CRISIL BB-
G N Construction - Ambikapur            Proposed LT Bk     CRISIL BB      3       Assigned
                                        Loan Fac
G N Construction - Ambikapur            CC                 CRISIL BB      120     Assigned
HV Connecting Infra (India) Pvt Ltd     CC                 CRISIL B+      102.5   Reaffirmed
HV Connecting Infra (India) Pvt Ltd     Proposed LT Bk     CRISIL B+      177.5   Reaffirmed
                                        Loan Fac
Indel Money Pvt Ltd                     CC                 CRISIL BBB-    152.5   Reaffirmed
Indel Money Pvt Ltd                     Proposed LT Bk     CRISIL BBB-    447.5   Reaffirmed
                                        Loan Fac
Kunstwerk Machinery India Pvt Ltd       Proposed WC Fac    CRISIL B       70      Assigned
Kunstwerk Machinery India Pvt Ltd       CC                 CRISIL B       20      Assigned
Kunstwerk Machinery India Pvt Ltd       Export Packing     CRISIL B       10      Assigned
                                        Credit
Lakshmi Engineering and Drilling        CC                 CRISIL BB-     100     Assigned
Nav Jyoti Agro Foods Pvt Ltd            CC                 CRISIL BB-     1200    Reaffirmed
Nav Jyoti Agro Foods Pvt Ltd            TL                 CRISIL BB-     24      Reaffirmed
Nav Jyoti Agro Foods Pvt Ltd            Warehouse FinancingCRISIL BB-     300     Assigned
Nutave Stone Crushers                   TL                 CRISIL B       49.6    Assigned
Nutave Stone Crushers                   CC                 CRISIL B       7.5     Assigned
Nutave Stone Crushers                   Proposed LT Bk     CRISIL B       2.9     Assigned
                                        Loan Fac
Paramount Minerals and Chemicals Ltd    CC                 CRISIL BBB+    90      Reaffirmed
Paramount Minerals and Chemicals Ltd    LT Loan            CRISIL BBB+    75.3    Reaffirmed
Paramount Minerals and Chemicals Ltd    WC TL              CRISIL BBB+    23.8    Reaffirmed
Prakash Road Lines Corporation Ltd      CC                 CRISIL BB      120     Upgraded from
                                                                                  CRISIL BB-
Prakash Road Lines Corporation Ltd      Proposed FB Bk     CRISIL BB      5.5     Upgraded from
                                        Limits                                    CRISIL BB-
Prakash Road Lines Corporation Ltd      TL                 CRISIL BB      14.5    Upgraded from
                                                                                  CRISIL BB-
Precision Engineering Components        CC                 CRISIL B-      65      Downgraded
                                                                                  from CRISIL B+
Precision Engineering Components        Proposed LT Bk     CRISIL B-      43.5    Downgraded
                                        Loan Fac                                  from CRISIL B+
Precision Engineering Components        Standby Line of    CRISIL B-      10      Downgraded
                                        Credit                                    from CRISIL B+
Quadra Infratel Synergies Pvt Ltd       CC                 CRISIL B       50      Reaffirmed
Rachana Life Spaces                     TL                 CRISIL BB-     300     Upgraded from
                                                                                  CRISIL B+
Realtrack Wire Industries Pvt Ltd       BG                 CRISIL D       7.5     Downgraded
                                                                                  from CRISIL A
Realtrack Wire Industries Pvt Ltd       CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL B
Realtrack Wire Industries Pvt Ltd       Corporate Loan     CRISIL D       68.3    Downgraded
                                                                                  from CRISIL B
Realtrack Wire Industries Pvt Ltd       Inland/Import LOC  CRISIL D       15      Downgraded
                                                                                  from CRISIL B
Realtrack Wire Industries Pvt Ltd       LT Loan            CRISIL D       14      Downgraded
                                                                                  from CRISIL B
Someswara Enterprises                   Warehouse Receipts CRISIL B       100     Assigned
Souvenir Developers India Pvt Ltd       BG*                CRISIL BB-     100     Assigned
* Interchangeable with CC for Rs. 10 crores
Souvenir Developers India Pvt Ltd       CC                 CRISIL BB-     300     Assigned
Super Tech Laces Tirupur Pvt Ltd        CC                 CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+
Super Tech Laces Tirupur Pvt Ltd        Rupee TL           CRISIL BB-     65      Upgraded from
                                                                                  CRISIL B+
TRG Industries Pvt Ltd                  CC                 CRISIL BB-     150     Reaffirmed
Tulips Ambbience Pvt Ltd                CC                 CRISIL D       35      Downgraded
                                                                                  from CRISIL B
Tulips Ambbience Pvt Ltd                TL                 CRISIL D       42      Downgraded
                                                                                  from CRISIL B
UB Foods Pvt Ltd                        CC                 CRISIL BB-     40      Reaffirmed
UB Foods Pvt Ltd                        LT Loan            CRISIL BB-     5.9     Reaffirmed
UB Foods Pvt Ltd                        Proposed LT Bk     CRISIL BB-     14.1    Reaffirmed
                                        Loan Fac
Uttam Chand Rakesh Kumar                CC                 CRISIL B+      80      Upgraded from
                                                                                  CRISIL B
Vastu Housing Finance Corporation Ltd   Proposed LT Bk     CRISIL BBB+    1800    Assigned
                                        Loan Fac
Vastu Housing Finance Corporation Ltd   CC                 CRISIL BBB+    30      Assigned
Vastu Housing Finance Corporation Ltd   LT Bk Fac          CRISIL BBB+    170     Assigned
Venkatadri Spinning Mills Pvt Ltd       Overdraft          CRISIL C       40      Upgraded from
                                                                                  CRISIL D
Venkatadri Spinning Mills Pvt Ltd       TL                 CRISIL C       88.2    Upgraded from
                                                                                  CRISIL D
Win India Exports                       Proposed LT Bk     CRISIL BB      5       Upgraded from
                                        Loan Fac                                  CRISIL BB-

--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below