February 15, 2017 / 7:56 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Feb 15

    Feb 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 14, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aristo Biotech and Life Science Pvt Ltd LOC                CRISIL A4+     10      Assigned
Arora Industries                        Export Performance CRISIL A4+     6       Reaffirmed
                                        Guarantee
Arora Industries                        LOC                CRISIL A4+     51      Reaffirmed
Arora Knit Fab Pvt Ltd                  Export Performance CRISIL A4+     5       Reaffirmed
                                        Guarantee
Arora Knit Fab Pvt Ltd                  Inland/Import LOC  CRISIL A4+     17.5    Reaffirmed
Bhansali Trade Impex                    LOC                CRISIL A4      65      Reaffirmed
BMR Industries Pvt Ltd                  LOC                CRISIL A4+     25      Reaffirmed
Checkmate Services Pvt Ltd              BG                 CRISIL A3      200     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
GCKC Projects and Works Pvt Ltd         BG                 CRISIL A3      380     Reaffirmed
GCKC Projects and Works Pvt Ltd         Inland/Import LOC  CRISIL A3      250     Reaffirmed
GCKC Projects and Works Pvt Ltd         LOC & BG           CRISIL A3      130     Assigned
GCKC Projects and Works Pvt Ltd         LOC Bill           CRISIL A3      40      Assigned
                                        Discounting
Gupta and Company                       BG                 CRISIL A4+     5       Reaffirmed
Gupta and Company                       Foreign Bill       CRISIL A4+     70      Reaffirmed
                                        Purchase
Gupta and Company                       LOC                CRISIL A4+     10      Reaffirmed
Gupta and Company                       LOC Bill           CRISIL A4+     7.5     Reaffirmed
                                        Discounting
Gupta and Company                       Packing Credit     CRISIL A4+     50      Reaffirmed
Ishaan TPR                              Import LOC Limit   CRISIL A4      70      Assigned
J. B and Brothers Pvt Ltd               Loan Equivalent    CRISIL A2+     15      Reaffirmed
                                        Risk Limits
J. B and Brothers Pvt Ltd               Pre Shipment CreditCRISIL A2+     4376    Reaffirmed
Krishak Bharati Cooperative Ltd         LOC*               CRISIL A1+     3000    Notice of
                                                                                  Withdrawal
* Fully interchangeable with bank guarantee and buyer's credit 
Lamifab Industries                      Foreign Exchange   CRISIL A4+     1       Assigned
                                        Forward
Lamifab Industries                      BG                 CRISIL A4+     10      Assigned
Lamifab Industries                      Inland/Import LOC  CRISIL A4+     20      Assigned
Metrochem API Pvt Ltd                   LOC                CRISIL A3+     550     Reaffirmed
Omprakash Shivprakash                   Packing Credit     CRISIL A4+     30      Reaffirmed
Prasoon Constructions                   BG                 CRISIL A4+     30      Assigned
S.S.Wood Craft                          Bill Discounting   CRISIL A4      14      Reaffirmed
                                        under LOC
Sanatan Logistics Pvt Ltd               Receivable         CRISIL A4+     50      Assigned
                                        Factoring
Sanatan Logistics Pvt Ltd               BG                 CRISIL A4+     1       Assigned
Siwal Infracon Pvt Ltd                  BG                 CRISIL A4      80      Assigned
Syngene International Ltd               LOC & BG           CRISIL A1+     185     Reaffirmed
Syngene International Ltd               Overdraft          CRISIL A1+     50      Reaffirmed
Syngene International Ltd               Packing Credit in  CRISIL A1+     1815    Reaffirmed
                                        Foreign Currency
Trimex Industries Pvt Ltd               BG                 CRISIL A4      75      Upgraded from
                                                                                  CRISIL D
Weavetex Overseas                       Packing Credit     CRISIL A2+     550     Reaffirmed

LONG TERM RATINGS:
-------------------
Amazon Technocast Pvt Ltd               CC                 CRISIL B+      20      Assigned
Amazon Technocast Pvt Ltd               TL                 CRISIL B+      41.2    Assigned
Aristo Biotech and Life Science Pvt Ltd Proposed FB Bk     CRISIL BB-     30      Assigned
                                        Limits
Aristo Biotech and Life Science Pvt Ltd CC                 CRISIL BB-     60      Assigned
Arora Industries                        CC                 CRISIL BB+     342     Upgraded from
                                                                                  CRISIL BB
Arora Industries                        Proposed LT Bk     CRISIL BB+     31      Upgraded from
                                        Loan Fac                                  CRISIL BB
Arora Industries                        Rupee TL           CRISIL BB+     70      Upgraded from
                                                                                  CRISIL BB
Arora Knit Fab Pvt Ltd                  CC                 CRISIL BB+     380     Upgraded from
                                                                                  CRISIL BB
Arora Knit Fab Pvt Ltd                  Proposed LT Bk     CRISIL BB+     10.5    Upgraded from
                                        Loan Fac                                  CRISIL BB
Arora Knit Fab Pvt Ltd                  TL                 CRISIL BB+     87      Upgraded from
                                                                                  CRISIL BB
Bhansali Trade Impex                    CC                 CRISIL B+      35      Reaffirmed
BMR Industries Pvt Ltd                  CC                 CRISIL BB+     15      Reaffirmed
BMR Industries Pvt Ltd                  Export Packing     CRISIL BB+     540.6   Reaffirmed
                                        Credit
BMR Industries Pvt Ltd                  Foreign Currency TLCRISIL BB+     139.4   Reaffirmed
BMR Industries Pvt Ltd                  TL                 CRISIL BB+     280     Reaffirmed
Checkmate Services Pvt Ltd              CC                 CRISIL BBB-    900     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Checkmate Services Pvt Ltd              TL                 CRISIL BBB-    300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
D A Jhaveri                             CC                 CRISIL BB+     20      Reaffirmed
D A Jhaveri                             Packing Credit     CRISIL BB+     200     Reaffirmed
D A Jhaveri                             Post Shipment      CRISIL BB+     30      Reaffirmed
                                        Credit
D A Jhaveri                             Proposed LT Bk     CRISIL BB+     100     Reaffirmed
                                        Loan Fac
GCKC Projects and Works Pvt Ltd         CC                 CRISIL BBB-    310     Reaffirmed
GCKC Projects and Works Pvt Ltd         Proposed LT Bk     CRISIL BBB-    120     Assigned
                                        Loan Fac
GCKC Projects and Works Pvt Ltd         TL                 CRISIL BBB-    225     Assigned
Global Overseas                         Export Packing     CRISIL BB      100     Assigned
                                        Credit
Global Overseas                         Foreign Bill       CRISIL BB      30      Assigned
                                        Purchase
Gupta and Company                       LT Loan            CRISIL BB-     22.5    Reaffirmed
Gupta and Company                       Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Innovation House Industries Pvt Ltd     CC                 CRISIL B-      15      Reaffirmed
Innovation House Industries Pvt Ltd     TL                 CRISIL B-      135     Reaffirmed
Ishaan TPR                              LT Loan            CRISIL B       10      Assigned
Ishaan TPR                              CC                 CRISIL B       15      Assigned
J. B and Brothers Pvt Ltd               Post Shipment      CRISIL A-      1789    Reaffirmed
                                        Credit
JMK Motowheels Pvt Ltd                  CC                 CRISIL B+      10      Upgraded from
                                                                                  CRISIL B
JMK Motowheels Pvt Ltd                  Channel Financing  CRISIL B+      70      Upgraded from
                                                                                  CRISIL B
JMK Motowheels Pvt Ltd                  Proposed LT Bk     CRISIL B+      16.5    Upgraded from
                                        Loan Fac                                  CRISIL B
K. B. Rice Mills                        CC                 CRISIL B       90      Reaffirmed
K. B. Rice Mills                        Rupee TL           CRISIL B       30      Reaffirmed
Kaluram Food Products Pvt Ltd           CC                 CRISIL BB      68.6    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Kaluram Food Products Pvt Ltd           TL                 CRISIL BB      71.4    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Krishak Bharati Cooperative Ltd         CC#                CRISIL AA-     14300   Reaffirmed
# Fully interchangeable with overdraft facility and short-term loan
Lamifab Industries                      Proposed LT Bk     CRISIL BB      3.3     Assigned
                                        Loan Fac
Lamifab Industries                      CC                 CRISIL BB      62.5    Assigned
Lamifab Industries                      TL                 CRISIL BB      26.3    Assigned
Lamifab Industries                      WC TL              CRISIL BB      1.9     Assigned
M. R. Dairy Products Pvt Ltd            CC                 CRISIL BB      350     Assigned
Mahalaxmi Fab                           CC                 CRISIL BB-     100     Reaffirmed
Metrochem API Pvt Ltd                   CC                 CRISIL BBB     900     Reaffirmed
Metrochem API Pvt Ltd                   LT Loan            CRISIL BBB     520     Reaffirmed
Metrochem API Pvt Ltd                   Proposed LT Bk     CRISIL BBB     100     Reaffirmed
                                        Loan Fac
Narmada Solvex Pvt Ltd                  CC                 CRISIL BB      600     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Neptune Super Speciality Hospitals Pvt  Proposed LT Bk     CRISIL B       10      Assigned
Ltd                                     Loan Fac
Neptune Super Speciality Hospitals Pvt  Proposed TL        CRISIL B       100     Assigned
Ltd
Omprakash Shivprakash                   CC                 CRISIL BB      120     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Prasoon Constructions                   CC                 CRISIL BB-     70      Assigned
Progressive Industries                  CC                 CRISIL B-      40      Upgraded from
                                                                                  CRISIL D
Progressive Industries                  Proposed LT Bk     CRISIL B-      0.6     Upgraded from
                                        Loan Fac                                  CRISIL D
Progressive Industries                  TL                 CRISIL B-      39.4    Upgraded from
                                                                                  CRISIL D
Reliance Liquidity Fund                 Reliance Liquidity CRISIL AAAmfs  -       Notice of
                                        Fund                                      Withdrawal
Rishika Cottons Pvt Ltd                 CC                 CRISIL B+      150     Reaffirmed
Ruhatiya Cotton and Metal Pvt Ltd       CC                 CRISIL BB      70      Assigned
S.S.Wood Craft                          Buyer`s Credit     CRISIL B       70      Reaffirmed
S.S.Wood Craft                          CC                 CRISIL B       16      Reaffirmed
Sanatan Logistics Pvt Ltd               Proposed CC Limit  CRISIL BB-     194     Assigned
Sanatan Logistics Pvt Ltd               CC                 CRISIL BB-     155     Assigned
Siti Energy Ltd                         Proposed LT Bk     CRISIL BB-     8.5     Reaffirmed
                                        Loan Fac
Siti Energy Ltd                         TL                 CRISIL BB-     591.5   Reaffirmed
Siwal Infracon Pvt Ltd                  CC                 CRISIL B+      69      Assigned
SVR Spinning Mills Pvt Ltd              CC                 CRISIL BB-     60      Reaffirmed
SVR Spinning Mills Pvt Ltd              Corporate Loan     CRISIL BB-     129.9   Reaffirmed
SVR Spinning Mills Pvt Ltd              Proposed LT Bk     CRISIL BB-     10.1    Reaffirmed
                                        Loan Fac
Syngene International Ltd               Buyer`s Credit     CRISIL AA      350     Reaffirmed
Syngene International Ltd               Packing Credit in  CRISIL AA      600     Reaffirmed
                                        Foreign Currency*
*Fully interchangeable with cash credit.
Trimex Industries Pvt Ltd               CC                 CRISIL C       205     Upgraded from
                                                                                  CRISIL D
Trimex Industries Pvt Ltd               LT Loan            CRISIL C       85      Upgraded from
                                                                                  CRISIL D
Trimex Industries Pvt Ltd               Proposed WC Fac    CRISIL C       939     Upgraded from
                                                                                  CRISIL D
Weavetex Overseas                       TL                 CRISIL A-      65      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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