Reuters logo
CRISIL ratings for Indian debt instruments-Feb 21
February 21, 2017 / 4:19 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Feb 21

    Feb 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 20, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. M. Mohammed Ali                      BG                 CRISIL A4+     150     Reaffirmed
Akas Medical                            BG                 CRISIL A4      6       Reaffirmed
Akas Medical                            LOC                CRISIL A4      10.8    Reaffirmed
Alok Shivhare                           BG                 CRISIL A4+     150     Reaffirmed
Aquarius Shipyard Pvt Ltd               Proposed LOC       CRISIL A3      30      Assigned
Aquarius Shipyard Pvt Ltd               Proposed BG        CRISIL A3      57      Assigned
Aquarius Shipyard Pvt Ltd               LOC                CRISIL A3      20      Assigned
Aquarius Shipyard Pvt Ltd               BG                 CRISIL A3      83      Assigned
Atul Commodities Pvt Ltd                LOC                CRISIL A4      30      Assigned
B.B. Styro Extrusion Pvt Ltd            BG                 CRISIL A4      6.7     Reaffirmed
B.B. Styro Extrusion Pvt Ltd            Inland/Import LOC  CRISIL A4      40      Reaffirmed
Bharat Petroleum Corporation Ltd        Non-FBL            CRISIL A1+     149870  Reaffirmed
Bharat Petroleum Corporation Ltd        Proposed NFBL      CRISIL A1+     1100    Reaffirmed
Bharat Petroleum Corporation Ltd        Proposed NFBL      CRISIL A1+     19825   Reaffirmed
BSL Engineering Services Ltd            BG                 CRISIL A4      40      Reaffirmed
Fabindia Overseas Pvt Ltd               BG                 CRISIL A1+     1       Reaffirmed
Goyal Agencies Pvt Ltd                  Letter Of GuaranteeCRISIL A4      5       Reaffirmed
Goyal Agencies Pvt Ltd                  LOC                CRISIL A4      80      Reaffirmed
JMR Infotech India Pvt Ltd              BG                 CRISIL A4+     50      Reaffirmed
L. D. International                     LOC                CRISIL A4      67.5    Reaffirmed
L. D. International                     Proposed ST Bk     CRISIL A4      72.5    Reaffirmed
                                        Loan Fac
Leather Crafts India Pvt Ltd            Proposed ST Bk     CRISIL A3+     38.4    Reaffirmed
                                        Loan Fac
Mahathi Infra Services Pvt Ltd          BG                 CRISIL A4+     50      Reaffirmed
Ms Bait Al Tamur Co                     BG                 CRISIL A3+     200     Reaffirmed
N. R. C. Industries Ltd                 LOC & BG           CRISIL A4      330     Reaffirmed
N. R. C. Industries Ltd                 Proposed ST Bk     CRISIL A4      30      Assigned
                                        Loan Fac
Oyster Printers and Publishers Pvt Ltd  BG                 CRISIL A4      20      Assigned
Piaggio Vehicles Pvt Ltd                BG                 CRISIL A1      1388.8  Reaffirmed
Piaggio Vehicles Pvt Ltd                Bill Discounting   CRISIL A1      1000    Reaffirmed
Piaggio Vehicles Pvt Ltd                LOC & BG           CRISIL A1      3401.8  Reaffirmed
Piaggio Vehicles Pvt Ltd                ST Loan            CRISIL A1      500     Reaffirmed
Piaggio Vehicles Pvt Ltd                Bill Discounting^  CRISIL A1      300     Reaffirmed
^Interchangeable with Letter of Credit and Bank Guarantee
Shastha Enterprises                     Foreign Bill       CRISIL A4+     50      Reaffirmed
                                        Purchase
Shastha Enterprises                     Packing Credit     CRISIL A4+     120     Reaffirmed
Sushee Hi-Tech Projects Pvt Ltd         BG                 CRISIL A4      168     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Sushee Hi-Tech Projects Pvt Ltd         Overdraft          CRISIL A4      80      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Vardhman Industries Ltd                 LOC                CRISIL A4+     470     Downgraded
                                                                                  from CRISIL A3

LONG TERM RATINGS:
-------------------
A. M. Mohammed Ali                      CC                 CRISIL BB-     100     Reaffirmed
Abdos Lamitubes Pvt Ltd                 LT Loan            CRISIL BBB+    100     Assigned
Abdos Lamitubes Pvt Ltd                 CC                 CRISIL BBB+    150     Assigned
Abdos Lamitubes Pvt Ltd                 External           CRISIL BBB+    320     Assigned
                                        Commercial
                                        Borrowings
Ahuja Synfab Pvt Ltd                    CC                 CRISIL BB      450     Reaffirmed
Ahuja Synfab Pvt Ltd                    LT Loan            CRISIL BB      221.1   Reaffirmed
Ahuja Synfab Pvt Ltd                    TL                 CRISIL BB      178.9   Assigned
Akas Medical                            CC                 CRISIL B+      55      Reaffirmed
Akas Medical                            LT Loan            CRISIL B+      28.2    Reaffirmed
Alok Shivhare                           CC                 CRISIL BB+     100     Reaffirmed
Aquarius Shipyard Pvt Ltd               Proposed CC Limit  CRISIL BBB-    20      Assigned
Aquarius Shipyard Pvt Ltd               CC                 CRISIL BBB-    90      Assigned
Arthi Textiles                          CC                 CRISIL B+      75      Reaffirmed
Arthi Textiles                          LT Loan            CRISIL B+      28.4    Reaffirmed
Arthi Textiles                          Proposed LT Bk     CRISIL B+      6.6     Assigned
                                        Loan Fac
Ashtech Buildpro India Pvt. Ltd.        CC                 CRISIL B       10      Reaffirmed
Ashtech Buildpro India Pvt. Ltd.        Proposed LT Bk     CRISIL B       5.2     Reaffirmed
                                        Loan Fac
Ashtech Buildpro India Pvt. Ltd.        TL                 CRISIL B       109.8   Assigned
Atul Commodities Pvt Ltd                Secured Overdraft  CRISIL B+      31.5    Assigned
                                        Fac
Atul Commodities Pvt Ltd                Proposed LT Bk     CRISIL B+      3.5     Assigned
                                        Loan Fac
Atul Commodities Pvt Ltd                CC                 CRISIL B+      40      Assigned
B.B. Styro Extrusion Pvt Ltd            CC                 CRISIL B+      23.3    Reaffirmed
B.B. Styro Extrusion Pvt Ltd            TL                 CRISIL B+      30      Reaffirmed
Bharat Petroleum Corporation Ltd        FB Fac@            CRISIL AAA     241800  Reaffirmed
@ Rs 5015.0 crore is interchangeable with non-fund-based facilities
Bharat Petroleum Corporation Ltd        Proposed FB Bk     CRISIL AAA     6100    Reaffirmed
                                        Limits
Bharat Petroleum Corporation Ltd        FB Fac             CRISIL AAA     99125   Reaffirmed
Bharat Petroleum Corporation Ltd        Proposed FB Bk     CRISIL AAA     165615  Reaffirmed
                                        Limits
BSL Engineering Services Ltd            CC                 CRISIL B       30      Reaffirmed
Capital Agro Export Pvt Ltd             CC                 CRISIL B       70      Reaffirmed
Capital Agro Export Pvt Ltd             Proposed LT Bk     CRISIL B       30      Reaffirmed
                                        Loan Fac
Chirag Rice & Pulse Mill                CC                 CRISIL B+      50      Upgraded from
                                                                                  CRISIL B
Chirag Rice & Pulse Mill                Proposed LT Bk     CRISIL B+      0.1     Upgraded from
                                        Loan Fac                                  CRISIL B
Chirag Rice & Pulse Mill                TL                 CRISIL B+      6.9     Upgraded from
                                                                                  CRISIL B
Dish Infra Services Pvt Ltd             TL*                CRISIL A-      2700    Reaffirmed
*Fully interchangeable with buyer's credit, letter of credit, and letter of undertaking
Fabindia Overseas Pvt Ltd               CC                 CRISIL AA-     899     Reaffirmed
Goyal Agencies Pvt Ltd                  CC                 CRISIL B       240     Reaffirmed
Hariom Corporation                      Proposed LT Bk     CRISIL BB      30      Assigned
                                        Loan Fac
Hariom Corporation                      TL                 CRISIL BB      70      Assigned
HI Build Coatings Pvt Ltd               CC                 CRISIL BB+     160     Reaffirmed
HI Build Coatings Pvt Ltd               LT Loan            CRISIL BB+     107.6   Reaffirmed
HI Build Coatings Pvt Ltd               Proposed LT Bk     CRISIL BB+     62.4    Reaffirmed
                                        Loan Fac
Indiabulls Commercial Credit Ltd        LT Bk Fac          CRISIL AA+     4805.5  Reaffirmed
Indiabulls Commercial Credit Ltd        Proposed LT Bk     CRISIL AA+     20194.5 Reaffirmed
                                        Loan Fac
Inesh Realtors Pvt Ltd                  NCD                CRISIL BB      2500    Reaffirmed
JMR Infotech India Pvt Ltd              CC                 CRISIL BB-     100     Reaffirmed
JMR Infotech India Pvt Ltd              LT Loan            CRISIL BB-     50      Reaffirmed
Kajuwalla                               CC & WC demand loanCRISIL B+      100     Reaffirmed
KEW Industries Ltd                      CC                 CRISIL D       149.5   Reaffirmed
KEW Industries Ltd                      TL                 CRISIL D       10.5    Reaffirmed
Kudu Knit Process Pvt Ltd               CC                 CRISIL BB+     110     Reaffirmed
Kudu Knit Process Pvt Ltd               LT Loan            CRISIL BB+     6       Reaffirmed
Kudu Knit Process Pvt Ltd               Proposed TL        CRISIL BB+     9       Reaffirmed
Leather Crafts India Pvt Ltd            CC                 CRISIL BBB     60      Reaffirmed
Leather Crafts India Pvt Ltd            Proposed LT Bk     CRISIL BBB     40.1    Reaffirmed
                                        Loan Fac
Leather Crafts India Pvt Ltd            TL                 CRISIL BBB     61.5    Reaffirmed
Mahathi Infra Services Pvt Ltd          CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Mahathi Infra Services Pvt Ltd          LT Loan            CRISIL BB      18      Upgraded from
                                                                                  CRISIL BB-
Mahathi Infra Services Pvt Ltd          Proposed LT Bk     CRISIL BB      282     Upgraded from
                                        Loan Fac                                  CRISIL BB-
Ms Bait Al Tamur Co                     Buyer`s Credit     CRISIL BBB     150     Reaffirmed
Ms Bait Al Tamur Co                     CC                 CRISIL BBB     150     Reaffirmed
Ms Bait Al Tamur Co                     Warehouse FinancingCRISIL BBB     150     Reaffirmed
N. R. C. Industries Ltd                 CC                 CRISIL B+      220     Reaffirmed
Oyster Printers and Publishers Pvt Ltd  CC                 CRISIL B+      70      Assigned
P. S. Enterprises - Ghaziabad           CC                 CRISIL BB-     450     Reaffirmed
Paras Tarp Industries                   CC                 CRISIL B+      18      Assigned
Paras Tarp Industries                   LT Loan            CRISIL B+      50      Assigned
Paras Tarp Industries                   Proposed LT Bk     CRISIL B+      2       Assigned
                                        Loan Fac
Piaggio Vehicles Pvt Ltd                CC*                CRISIL A       300     Reaffirmed
*Fully interchangeable with Letter of Credit /Local Bill Discounting/Export Bill
Discounting/Packing Credit and Bank Guarantees.
Piaggio Vehicles Pvt Ltd                LT Loan            CRISIL A       674     Reaffirmed
Piaggio Vehicles Pvt Ltd                Overdraft          CRISIL A       250     Reaffirmed
Piaggio Vehicles Pvt Ltd                CC                 CRISIL A       100     Reaffirmed
Raj Waterscape Properties Pvt Ltd       CC                 CRISIL D       250     Downgraded
                                                                                  from CRISIL B-
Ravina Health Care Pvt Ltd              TL                 CRISIL B       160     Reaffirmed
Shastha Enterprises                     CC                 CRISIL BB-     30      Reaffirmed
Sidhara Exports                         CC                 CRISIL BB      80      Reaffirmed
Sidhara Exports                         Standby Line of    CRISIL BB      10      Reaffirmed
                                        Credit
Sri Vaishnavi Jute Traders              Warehouse Receipts CRISIL B       100     Assigned
Sundaram Capital Protection Oriented    Sundaram Capital   CRISIL AAA     -       Assigned
Scheme                                  Protection
                                        Oriented Scheme Series 17 (3.5 years)
Sundaram Capital Protection Oriented    Sundaram Capital   CRISIL AAA     -       Assigned
Scheme                                  Protection
                                        Oriented Scheme Series 18 (3.5 years) 
Sushee Hi-Tech Projects Pvt Ltd         CC                 CRISIL B+      2       Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Tarsun Steels India Pvt Ltd             CC                 CRISIL BB-     65      Reaffirmed
Tarsun Steels India Pvt Ltd             LT Loan            CRISIL BB-     8.5     Reaffirmed
Tarsun Steels India Pvt Ltd             Proposed LT Bk     CRISIL BB-     16.5    Reaffirmed
                                        Loan Fac
U. S. Agrawal & Co.                     CC                 CRISIL BB-     80      Reaffirmed
Vardhman Industries Ltd                 CC                 CRISIL BB+     746.5   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Vardhman Industries Ltd                 LT Loan            CRISIL BB+     520.3   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Vardhman Industries Ltd                 Proposed LT Bk     CRISIL BB+     63.2    Downgraded
                                        Loan Fac                                  from 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)

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