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CRISIL ratings for Indian debt instruments-Feb 16
February 16, 2017 / 4:44 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Feb 16

    Feb 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 15, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anil Kumar Goel                         BG                 CRISIL A4+     100     Assigned
Asha Ispat Pvt Ltd                      BG                 CRISIL A4      7.5     Reaffirmed
Asha Ispat Pvt Ltd                      Proposed ST Bk     CRISIL A4      4.8     Reaffirmed
                                        Loan Fac
Asha Ispat Pvt Ltd                      Standby Line of    CRISIL A4      2       Reaffirmed
                                        Credit
Avani Dyechem Industries                BG                 CRISIL A4      0.2     Reaffirmed
Avani Dyechem Industries                Foreign            CRISIL A4      10      Reaffirmed
                                        Discounting Bill
                                        Purchase
Avani Dyechem Industries                Inland/Import LOC  CRISIL A4      5       Reaffirmed
Bakers Circle India Pvt Ltd             Standby Line of    CRISIL A4+     95      Assigned
                                        Contract
Centech Engineers Pvt Ltd               BG                 CRISIL D       17.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Centech Engineers Pvt Ltd               LOC                CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Famous Stationery Pvt Ltd               Export Packing     CRISIL A4+     60      Assigned
                                        Credit
HI Tech Transpower Pvt Ltd              BG                 CRISIL A4      70      Reaffirmed
Indcon Projects and Equipment Ltd       BG                 CRISIL A4      115     Reaffirmed
Iscon Craft Paper Mill Pvt Ltd          BG                 CRISIL A4      5       Reaffirmed
Iscon Craft Paper Mill Pvt Ltd          LOC                CRISIL A4      5       Reaffirmed
Jaipan Industries Ltd                   LOC                CRISIL A4+     20      Notice of
                                                                                  Withdrawal
Jaya Guru Saw Mill                      LOC                CRISIL A4      70      Assigned
KL Hi-Tech Secure Print Ltd             BG                 CRISIL A3+     70      Reaffirmed
KL Hi-Tech Secure Print Ltd             Cheque Discounting CRISIL A3+     2.5     Reaffirmed
KL Hi-Tech Secure Print Ltd             LOC                CRISIL A3+     20      Reaffirmed
Om Fire Safety Company Pvt Ltd          BG                 CRISIL A4      40      Upgraded from
                                                                                  CRISIL D
Page Industries Ltd                     CP                 CRISIL A1+     150     Reaffirmed
Page Industries Ltd                     LOC                CRISIL A1+     600     Reaffirmed
Recon Technologies Pvt Ltd              BG                 CRISIL A4+     18      Reaffirmed
Shiv Durga Constructions and            BG                 CRISIL A4      70      Reaffirmed
Engineerings Pvt Ltd
The Shalimar Works (1980) Ltd           BG                 CRISIL A4      254.5   Reaffirmed
The Shalimar Works (1980) Ltd           LOC                CRISIL A4      10      Reaffirmed

LONG TERM RATINGS:
-------------------
Ainaj Industries                        CC                 CRISIL B       170     Upgraded from
                                                                                  CRISIL B-
Anil Kumar Goel                         CC                 CRISIL BB-     20      Assigned
Asha Ispat Pvt Ltd                      CC                 CRISIL B+      45      Reaffirmed
Avani Dyechem Industries                CC                 CRISIL B+      30      Reaffirmed
Avani Dyechem Industries                LT Loan            CRISIL B+      6.3     Assigned
Bakers Circle India Pvt Ltd             Buyer`s Credit     CRISIL BB      30      Assigned
Bakers Circle India Pvt Ltd             CC                 CRISIL BB      55      Assigned
Banshi Airgases Pvt Ltd                 CC                 CRISIL BB-     9       Reaffirmed
Banshi Airgases Pvt Ltd                 TL                 CRISIL BB-     58.5    Reaffirmed
BNR Overseas Pvt Ltd                    CC                 CRISIL BB+     92.5    Assigned
BNR Overseas Pvt Ltd                    Proposed LT Bk     CRISIL BB+     7.5     Assigned
                                        Loan Fac
Centech Engineers Pvt Ltd               CC                 CRISIL D       85      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Centech Engineers Pvt Ltd               Proposed LT Bk     CRISIL D       2.2     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Centech Engineers Pvt Ltd               Standby Line of    CRISIL D       12.5    Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
Centech Engineers Pvt Ltd               TL                 CRISIL D       12.8    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Deligent Hotel Corporation Pvt Ltd      LT Loan            CRISIL BB+     275     Reaffirmed
Deligent Hotel Corporation Pvt Ltd      Proposed LT Bk     CRISIL BB+     125     Assigned
                                        Loan Fac
Design - N - Glass Inc                  TL                 CRISIL D       50.4    Assigned
Design - N - Glass Inc                  Proposed LT Bk     CRISIL D       41.6    Assigned
                                        Loan Fac
Design - N - Glass Inc                  BG                 CRISIL D       3       Assigned
Design - N - Glass Inc                  CC                 CRISIL D       5       Assigned
Famous Stationery Pvt Ltd               TL                 CRISIL BB-     98      Assigned
Famous Stationery Pvt Ltd               CC                 CRISIL BB-     40      Assigned
Gayatri Rolling Mills Pvt Ltd           CC                 CRISIL B       55      Reaffirmed
Gayatri Rolling Mills Pvt Ltd           TL                 CRISIL B       30.9    Reaffirmed
Haveli Petroleum                        Overdraft          CRISIL BB-     100     Assigned
HI Tech Transpower Pvt Ltd              CC                 CRISIL B-      15      Downgraded
                                                                                  from CRISIL B
Indcon Projects and Equipment Ltd       CC                 CRISIL B+      60      Reaffirmed
Iscon Craft Paper Mill Pvt Ltd          CC                 CRISIL B+      55      Reaffirmed
Iscon Craft Paper Mill Pvt Ltd          Proposed LT Bk     CRISIL B+      18.1    Reaffirmed
                                        Loan Fac
Iscon Craft Paper Mill Pvt Ltd          TL                 CRISIL B+      66.9    Reaffirmed
Iswarya Enterprises                     Overdraft          CRISIL B       90      Assigned
J. N. Traders                           CC                 CRISIL B       65      Reaffirmed
J. N. Traders                           Proposed LT Bk     CRISIL B       25      Reaffirmed
                                        Loan Fac
Jagsun Agro Commodities Pvt Ltd         Foreign Bill       CRISIL B       90      Assigned
                                        Discounting
Jaipan Industries Ltd                   CC                 CRISIL BB-     70      Reaffirmed
Jaipan Industries Ltd                   Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Jaya Guru Saw Mill                      Proposed LT Bk     CRISIL B       22.5    Assigned
                                        Loan Fac
Jaya Guru Saw Mill                      CC                 CRISIL B       7.5     Assigned
KL Hi-Tech Secure Print Ltd             CC                 CRISIL BBB     60      Reaffirmed
KL Hi-Tech Secure Print Ltd             Proposed LT Bk     CRISIL BBB     117.5   Reaffirmed
                                        Loan Fac
Krishna Constructions (Chennai)         Proposed LT Bk     CRISIL B+      220     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Laggar Industries Ltd                   CC                 CRISIL D       140     Downgraded
                                                                                  from CRISIL B
Maha Electronics Pvt Ltd                CC                 CRISIL B-      150     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Maha Electronics Pvt Ltd                Proposed LT Bk     CRISIL B-      5       Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Maharashtra Foods Processing And Cold   Proposed LT Bk     CRISIL BB-     2.5     Assigned
Storage                                 Loan Fac
Maharashtra Foods Processing And Cold   CC                 CRISIL BB-     12.5    Assigned
Storage
Maharashtra Foods Processing And Cold   Export Packing     CRISIL BB-     135     Assigned
Storage                                 Credit
Om Fire Safety Company Pvt Ltd          Overdraft          CRISIL B       21      Upgraded from
                                                                                  CRISIL D
Page Industries Ltd                     CC                 CRISIL AA      1700    Reaffirmed
Pari Agri Grain Industries Pvt Ltd      CC                 CRISIL B+      80      Assigned
Pari Agri Grain Industries Pvt Ltd      Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
Pioneer Panel Products                  TL                 CRISIL B+      47.5    Assigned
Pioneer Panel Products                  CC                 CRISIL B+      30      Assigned
Pioneer Panel Products                  Proposed FB Bk     CRISIL B+      17.5    Assigned
                                        Limits
Recon Technologies Pvt Ltd              Channel Financing  CRISIL BB-     161     Reaffirmed
Recon Technologies Pvt Ltd              Overdraft          CRISIL BB-     95      Reaffirmed
Recon Technologies Pvt Ltd              TL                 CRISIL BB-     95.5    Reaffirmed
Ruhatiya Spinners Pvt Ltd               CC                 CRISIL BB      80      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
SBI Mutual Fund                         SBI Magnum Insta   CRISIL AAAmfs          Reaffirmed
                                        Cash Fund - Liquid
                                        Floater Plan
Shiv Durga Constructions and            CC                 CRISIL B       25      Downgraded
Engineerings Pvt Ltd                                                              from CRISIL B+
Shiv Durga Constructions and            Proposed LT Bk     CRISIL B       25      Downgraded
Engineerings Pvt Ltd                    Loan Fac                                  from CRISIL B+
Shiv Durga Constructions and            TL                 CRISIL B       5       Downgraded
Engineerings Pvt Ltd                                                              from CRISIL B+
Shree Lakshmee Homes & Infrastructures  LT Loan            CRISIL B-      60      Downgraded
                                                                                  from CRISIL B+
Shreeji Cotton Ginning and Pressing     TL                 CRISIL B+      11.1    Assigned
Industries
Shreeji Cotton Ginning and Pressing     CC                 CRISIL B+      50      Assigned
Industries
Shreeji Cotton Ginning and Pressing     Proposed LT Bk     CRISIL B+      18.9    Assigned
Industries                              Loan Fac
Sona Food Products                      CC                 CRISIL BB-     65      Reaffirmed
Sri Sunflower Educational Society       LT Loan            CRISIL D       120     Reaffirmed
Star Global Endura Ltd                  Buyer`s Credit     CRISIL BB      30      Reaffirmed
Star Global Endura Ltd                  CC                 CRISIL BB      60      Reaffirmed
Star Global Endura Ltd                  Proposed LT Bk     CRISIL BB      51.5    Reaffirmed
                                        Loan Fac
Star Global Endura Ltd                  TL                 CRISIL BB      124     Reaffirmed
Swathi Cotgin (Tmc) Pvt Ltd             CC                 CRISIL B       198     Downgraded
                                                                                  from CRISIL B+
Swathi Cotgin (Tmc) Pvt Ltd             LT Loan            CRISIL B       82      Downgraded
                                                                                  from CRISIL B+
Swathi Cotgin (Tmc) Pvt Ltd             Proposed LT Bk     CRISIL B       50      Assigned
                                        Loan Fac
Texla Plastics and Metals Pvt Ltd       CC                 CRISIL BB      25      Assigned
Texla Plastics and Metals Pvt Ltd       TL                 CRISIL BB      34.5    Assigned
The Sanjivani (T) S S K Ltd             CC                 CRISIL B-      56      Downgraded
                                                                                  from CRISIL B
The Sanjivani (T) S S K Ltd             Proposed LT Bk     CRISIL B-      219     Assigned
                                        Loan Fac
The Shalimar Works (1980) Ltd           CC/ Overdraft Fac  CRISIL C       60      Reaffirmed
The Shalimar Works (1980) Ltd           Proposed LT Bk     CRISIL C       225.5   Assigned
                                        Loan Fac
Uddyam Cement Pvt Ltd                   Proposed LT Bk     CRISIL B       140     Assigned
                                        Loan Fac
Vaibhav Fitting India Pvt Ltd           BG                 CRISIL D       1       Downgraded
                                                                                  from CRISIL B-
Vaibhav Fitting India Pvt Ltd           CC                 CRISIL D       11      Downgraded
                                                                                  from CRISIL A4
Vaibhav Fitting India Pvt Ltd           Proposed LT Bk     CRISIL D       43      Downgraded
                                        Loan Fac                                  from CRISIL B-
Vaibhav Fitting India Pvt Ltd           TL                 CRISIL D       40      Downgraded
                                                                                  from CRISIL B-
Vindhyabasini Rice Mills Cluster Pvt    CC                 CRISIL D       60      Downgraded
Ltd                                                                               from CRISIL B+
Vindhyabasini Rice Mills Cluster Pvt    Proposed LT Bk     CRISIL D       60      Downgraded
Ltd                                     Loan Fac                                  from CRISIL B+
Vindhyabasini Rice Mills Cluster Pvt    TL                 CRISIL D       40      Downgraded
Ltd                                                                               from CRISIL B+

--------------------------------------------------------------------------------------------
$: 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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