Reuters logo
CRISIL ratings for Indian debt instruments-May 3
May 3, 2017 / 4:53 AM / 5 months ago

CRISIL ratings for Indian debt instruments-May 3

    May 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 2, 2017.


COMPANY                                INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                 ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
ECL Finance Ltd                        ST Debt Issue*    CRISIL A1+    30000  Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                        ST Debt Issue*    CRISIL A1+    35000  Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                        ST Debt Issue*    CRISIL A1+    20000  Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                        ST Debt           CRISIL A1+    36000  Reaffirmed
ECL Finance Ltd                        ST Principal      CRISIL PP-MLD 12000  Reaffirmed
                                       Protected Mkt     A1+r
                                       Linked Debentures
Edelweiss Commodities Services Ltd     ST Bk Fac         CRISIL A1+    600    Reaffirmed
Edelweiss Commodities Services Ltd     Standby LOC       CRISIL A1+    1520   Reaffirmed
Edelweiss Commodities Services Ltd     ST Debt Issue*    CRISIL A1+    30000  Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd     ST Debt Issue*    CRISIL A1+    30000  Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd     ST Debt Issue*    CRISIL A1+    30000  Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd     ST Debt           CRISIL A1+    70000  Reaffirmed
Edelweiss Financial Services Ltd       ST Debt Issue*    CRISIL A1+    20000  Assigned
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd       ST Debt Issue*    CRISIL A1+    35000  Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd       ST Debt Issue*    CRISIL A1+    20000  Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd       ST Debt           CRISIL A1+    63500  Reaffirmed
Kartik Industries                      Inland/Import LOC CRISIL A4+    400    Reaffirmed
Lift Controls Pvt Ltd                  Buyer`s Credit    CRISIL A3+    25     Reaffirmed
Lift Controls Pvt Ltd                  LOC & BG          CRISIL A3+    10     Reaffirmed
Pagan Paints and Chemicals Pvt Ltd     LOC               CRISIL A4+    15     Assigned
Pagan Paints and Chemicals Pvt Ltd     BG                CRISIL A4+    1      Assigned
Prafulla Kumar Mohanty                 BG                CRISIL A4     35     Reaffirmed
Issuer Not Cooperating
Prasad International Pvt Ltd           BG                CRISIL A3     5      Reaffirmed
Prasad International Pvt Ltd           LOC               CRISIL A3     20     Reaffirmed
Prasad International Pvt Ltd           Packing Credit    CRISIL A3     210    Reaffirmed
R R Durafabs Pvt Ltd                   BG                CRISIL A4     110    Reaffirmed
Rajesh Industries                      Packing Credit    CRISIL A4     230    Downgraded
                                                                              from CRISIL
                                                                              A4+
Issuer Not Cooperating
Regency Linx Exports Pvt Ltd           Foreign           CRISIL A4     126    Reaffirmed
                                       Documentary Bills
                                       Purchase
Issuer Not Cooperating
Regency Linx Exports Pvt Ltd           Packing Credit    CRISIL A4     110    Reaffirmed
Issuer Not Cooperating
Rio Ceramic Pvt Ltd                    BG                CRISIL A4     13     Reaffirmed
Issuer Not Cooperating
Rishab Gum And Chemicals               Packing Credit    CRISIL A4     30     Assigned
Saloraa Fabs                           Foreign Bill      CRISIL A4+    40     Reaffirmed
                                       Negotiation
Saloraa Fabs                           Packing Credit    CRISIL A4+    30     Reaffirmed
Saloraa Fabs                           Proposed Packing  CRISIL A4+    10     Reaffirmed
                                       Credit
Sree Sumangala Metals and Industries   LOC               CRISIL A4+    311.3  Reaffirmed
Pvt Ltd
Surya Electricals - Khurja             BG                CRISIL A4     35     Reaffirmed
Thermal Fabricators Pvt Ltd            LOC               CRISIL A4     48     Reaffirmed
V.C. Constructions                     BG                CRISIL A4     55     Assigned

LONG TERM RATINGS:
-------------------
Bhagwati Diamonds Pvt Ltd              CC                CRISIL B+     100    Reaffirmed
Bhagwati Diamonds Pvt Ltd              Proposed CC Limit CRISIL B+     15     Reaffirmed
Chandana Brothers Shopping Mall Pvt LtdCC                CRISIL BBB    1000   Reaffirmed
Chandana Brothers Shopping Mall Pvt LtdCorporate Loan    CRISIL BBB    145    Reaffirmed
Chandana Brothers Shopping Mall Pvt LtdTL                CRISIL BBB    235    Reaffirmed
ECL Finance Ltd                        CC                CRISIL AA     20800  Reaffirmed
ECL Finance Ltd                        LT Bk Fac         CRISIL AA     46477.8Reaffirmed
ECL Finance Ltd                        Proposed LT Bk    CRISIL AA     25022.2Reaffirmed
                                       Loan Fac**
**interchangeable with short term bank facilities
ECL Finance Ltd                        Subordinated Debt CRISIL AA     2000   Assigned
                                                         
ECL Finance Ltd                        NCDs              CRISIL AA     12000  Reaffirmed
ECL Finance Ltd                        NCDs              CRISIL AA     20000  Reaffirmed
ECL Finance Ltd                        NCDs              CRISIL AA     9300   Reaffirmed
ECL Finance Ltd                        LT Principal      CRISIL PP-MLD 5000   Reaffirmed
                                       Protected Market  AAr
                                       Linked Debentures
ECL Finance Ltd                        Principal         CRISIL PP-MLD 11900  Reaffirmed
                                       Protected Equity  AAr
                                       Linked Debentures
ECL Finance Ltd                        Principal         CRISIL PP-MLD 350    Reaffirmed
                                       Protected         AAr
                                       Commodity Linked Debentures
Edelweiss Commodities Services Ltd     LT Bk Fac         CRISIL AA     3250   Reaffirmed
Edelweiss Commodities Services Ltd     Overdraft         CRISIL AA     7000   Reaffirmed
Edelweiss Commodities Services Ltd     Proposed LT Bk    CRISIL AA     5000   Reaffirmed
                                       Loan Fac**
**Interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd     NCD               CRISIL AA     10000  Reaffirmed
Edelweiss Commodities Services Ltd     NCD               CRISIL AA     10000  Reaffirmed
Edelweiss Commodities Services Ltd     NCD               CRISIL AA     10000  Reaffirmed
Edelweiss Commodities Services Ltd     PS                CRISIL AA     1050   Reaffirmed
Haraparvati Realtors Pvt Ltd           Overdraft         CRISIL A(SO)  300    Reaffirmed
Haraparvati Realtors Pvt Ltd           TL                CRISIL A(SO)  1280   Reaffirmed
Kartik Industries                      CC                CRISIL BB     100    Reaffirmed
Lifestyle Sarees Pvt Ltd               CC                CRISIL B+     240    Reaffirmed
Lift Controls Pvt Ltd                  CC                CRISIL BBB    140    Reaffirmed
M.S. Ahuja Agro Foods Pvt Ltd          CC                CRISIL B+     50     Reaffirmed
M.S. Ahuja Agro Foods Pvt Ltd          TL                CRISIL B+     35     Reaffirmed
M.S. Ahuja Agro Foods Pvt Ltd          Warehouse FinancinCRISIL B+     100    Reaffirmed
Malebennur Foods Pvt Ltd               CC                CRISIL B      55     Reaffirmed
Malebennur Foods Pvt Ltd               LT Loan           CRISIL B      30     Reaffirmed
P. R. Packing Service                  Line of Credit    CRISIL B      135    Downgraded
                                                                              from CRISIL
                                                                              BB-
Issuer Not Cooperating
P. R. Packing Service                  Proposed LT Bk    CRISIL B      35     Downgraded
                                       Loan Fac                               from CRISIL
                                                                              BB-
Issuer Not Cooperating
P. R. Packing Service                  TL                CRISIL B      30     Downgraded
                                                                              from CRISIL
                                                                              BB-
Issuer Not Cooperating
Pagan Paints and Chemicals Pvt Ltd     Proposed LT Bk    CRISIL BB-    1      Assigned
                                       Loan Fac
Pagan Paints and Chemicals Pvt Ltd     CC                CRISIL BB-    35     Assigned
Paramount Blankets Pvt Ltd             CC                CRISIL C      97.5   Reaffirmed
Issuer Not Cooperating
Paramount Blankets Pvt Ltd             LT Loan           CRISIL C      1.1    Reaffirmed
Issuer Not Cooperating
Paramount Blankets Pvt Ltd             Proposed LT Bk    CRISIL C      57.5   Reaffirmed
                                       Loan Fac
Issuer Not Cooperating
Parshuram Construction                 BG                CRISIL D      50     Reaffirmed
Issuer Not Cooperating
Parshuram Construction                 Overdraft         CRISIL D      40     Reaffirmed
Issuer Not Cooperating
Parshuram Construction                 Proposed LT Bk    CRISIL D      18.3   Reaffirmed
                                       Loan Fac
Issuer Not Cooperating
Parshuram Construction                 TL                CRISIL D      16.7   Reaffirmed
Issuer Not Cooperating
Payyanur Medical Service and Research  Proposed LT Bk    CRISIL D      15     Downgraded
Centre Pvt Ltd                         Loan Fac                               from CRISIL
                                                                              B
Payyanur Medical Service and Research  TL                CRISIL D      180    Downgraded
Centre Pvt Ltd                                                                from CRISIL
                                                                              B
Pee Jay Imports Exports                CC                CRISIL B      85     Reaffirmed
Issuer Not Cooperating
Phorum Jewels Ltd                      CC                CRISIL D      80     Reaffirmed
Issuer Not Cooperating
Phorum Jewels Ltd                      Proposed LT Bk    CRISIL D      40     Reaffirmed
                                       Loan Fac
Issuer Not Cooperating
Prafulla Kumar Mohanty                 CC                CRISIL B      30     Downgraded
                                                                              from CRISIL
                                                                              B+
Issuer Not Cooperating
Prafulla Kumar Mohanty                 TL                CRISIL B      1.8    Downgraded
                                                                              from CRISIL
                                                                              B+
Issuer Not Cooperating
Prasad International Pvt Ltd           CC                CRISIL BBB-   20     Reaffirmed
Pressmach Engineers Pvt Ltd            CC                CRISIL BB-    135    Upgraded from
                                                                              CRISIL
                                                                              B
Pressmach Engineers Pvt Ltd            Proposed CC Limit CRISIL BB-    20     Upgraded from
                                                                              CRISIL
                                                                              B
Pressmach Infrastructure Pvt Ltd       CC                CRISIL BB-    35     Upgraded from
                                                                              CRISIL
                                                                              B
Pressmach Infrastructure Pvt Ltd       LT Loan           CRISIL BB-    78     Upgraded from
                                                                              CRISIL
                                                                              B
Pressmach Infrastructure Pvt Ltd       Proposed LT Bk    CRISIL BB-    8      Upgraded from
                                       Loan Fac                               CRISIL
                                                                              B
Pressmach Infrastructure Pvt Ltd       TL                CRISIL BB-    30     Upgraded from
                                                                              CRISIL
                                                                              B
Priyesh Agro Industries                CC                CRISIL B      100    Downgraded
                                                                              from CRISIL
                                                                              BB-
Issuer Not Cooperating
Priyesh Agro Industries                TL                CRISIL B      10     Downgraded
                                                                              from CRISIL
                                                                              BB-
Issuer Not Cooperating
R R Durafabs Pvt Ltd                   Overdraft         CRISIL B-     50     Reaffirmed
R R Durafabs Pvt Ltd                   Proposed LT Bk    CRISIL B-     10     Reaffirmed
                                       Loan Fac
R. S. Mirgane                          BG                CRISIL D      10     Reaffirmed
Issuer Not Cooperating
R. S. Mirgane                          CC                CRISIL D      80     Reaffirmed
Issuer Not Cooperating
R. S. Mirgane                          TL                CRISIL D      7.5    Reaffirmed
Issuer Not Cooperating
Rajesh Industries                      CC                CRISIL B      50     Downgraded
                                                                              from CRISIL
                                                                              BB
Issuer Not Cooperating
Rajveer Cotton Ginning And Pressing    CC                CRISIL B      3.5    Reaffirmed
Factory
Issuer Not Cooperating
Rajveer Cotton Ginning And Pressing    Proposed CC Limit CRISIL B      26.5   Reaffirmed
Factory
Issuer Not Cooperating
Rajveer Cotton Ginning And Pressing    TL                CRISIL B      7.3    Reaffirmed
Factory
Issuer Not Cooperating
Regency Linx Exports Pvt Ltd           TL                CRISIL B      4      Downgraded
                                                                              from CRISIL
                                                                              B+
Issuer Not Cooperating
Rio Ceramic Pvt Ltd                    CC                CRISIL B      27.5   Reaffirmed
Issuer Not Cooperating
Rio Ceramic Pvt Ltd                    Proposed LT Bk    CRISIL B      29.5   Reaffirmed
                                       Loan Fac
Issuer Not Cooperating
Rio Ceramic Pvt Ltd                    TL                CRISIL B      55     Reaffirmed
Issuer Not Cooperating
Rishab Gum And Chemicals               TL                CRISIL B      4.8    Assigned
Rishab Gum And Chemicals               Proposed LT Bk    CRISIL B      5.2    Assigned
                                       Loan Fac
Rishab Gum And Chemicals               CC                CRISIL B      40     Assigned
Rishab Gum And Chemicals               Foreign Bill      CRISIL B      5      Assigned
                                       Purchase
Royale Edible Company                  CC                CRISIL B      70     Reaffirmed
Issuer Not Cooperating
Royale Edible Company                  LT Loan           CRISIL B      30     Reaffirmed
Issuer Not Cooperating
Saloraa Fabs                           Proposed TL       CRISIL BB-    15.5   Reaffirmed
Saloraa Fabs                           TL                CRISIL BB-    4.5    Reaffirmed
Sharoff Steel Traders                  CC                CRISIL BB+    190    Reaffirmed
Sharoff Steel Traders                  Channel Financing CRISIL BB+    80     Reaffirmed
Sree Sumangala Metals and Industries   CC                CRISIL BB+    280    Reaffirmed
Pvt Ltd
Sree Sumangala Metals and Industries   LT Loan           CRISIL BB+    31     Reaffirmed
Pvt Ltd
Surya Electricals - Khurja             CC                CRISIL B+     30     Reaffirmed
Surya Electricals - Khurja             Proposed CC Limit CRISIL B+     5      Reaffirmed
Thermal Fabricators Pvt Ltd            CC                CRISIL B+     26     Upgraded from
                                                                              CRISIL
                                                                              B
Thermal Fabricators Pvt Ltd            TL                CRISIL B+     1      Upgraded from
                                                                              CRISIL
                                                                              B
V.C. Constructions                     CC                CRISIL B      100    Assigned
--------------------------------------------------------------------------------------------
$: 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