May 4, 2017 / 4:15 AM / 4 months ago

CRISIL ratings for Indian debt instruments-May 4

    May 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 3, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A.P.I. Civilcon Pvt Ltd                 BG                 CRISIL A4+     350     Reaffirmed
Aditya Birla Retail Ltd                 Bill Purchase      CRISIL A2+     1000    Reaffirmed
                                        Discounting Fac
Aditya Birla Retail Ltd                 LOC & BG           CRISIL A2+     820     Reaffirmed
Aditya Birla Retail Ltd                 Proposed ST Bk     CRISIL A2+     4970    Reaffirmed
                                        Loan Fac
Aimil Ltd                               LOC & BG           CRISIL A3      120     Reaffirmed
Aimil Ltd                               Standby Line of    CRISIL A3      30      Reaffirmed
                                        Credit
Emark Energisers Pvt Ltd                BG                 CRISIL A4+     14      Reaffirmed
Emark Energisers Pvt Ltd                Bill Discounting   CRISIL A4+     6       Reaffirmed
                                        under LOC
Gepl Capital Pvt Ltd                    Proposed ST Bk     CRISIL A4+     50      Assigned
                                        Loan Fac
Gepl Capital Pvt Ltd                    BG                 CRISIL A4+     300     Assigned
Global Coal and Mining Pvt Ltd          BG                 CRISIL A1      2600    Reaffirmed
Kochhar Glass India Pvt Ltd             BG                 CRISIL A4      5       Reassigned
MRK Healthcare Pvt Ltd                  BG                 CRISIL A3      20      Reaffirmed
MRK Healthcare Pvt Ltd                  LOC                CRISIL A3      142.5   Reaffirmed
Ornate Agencies Pvt Ltd                 Inland/Import LOC  CRISIL A4+     475     Assigned
Privilege Biksons Boilers Pvt Ltd       Packing Credit     CRISIL A4+     15      Assigned
Privilege Biksons Boilers Pvt Ltd       BG                 CRISIL A4+     20      Assigned
S.S. Fabricators and Manufacturers      BG                 CRISIL A4      100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
S.S. Fabricators and Manufacturers      LOC                CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
SLMI Infraprojects Pvt Ltd              BG                 CRISIL A4      370     Reaffirmed
Timespac India Pvt Ltd                  BG                 CRISIL A4      2.5     Reaffirmed
Vinoth Feeds and Poultry Pvt Ltd        BG                 CRISIL A4+     2.5     Reaffirmed

LONG TERM RATINGS:
-------------------
A.P.I. Civilcon Pvt Ltd                 CC                 CRISIL BB+     200     Reaffirmed
Aditya Birla Retail Ltd                 FCNR (B) LT Loan   CRISIL A-      6000    Reaffirmed
Aditya Birla Retail Ltd                 LT Loan            CRISIL A-      7340    Reaffirmed
Aditya Birla Retail Ltd                 Overdraft          CRISIL A-      6220    Reaffirmed
Aditya Birla Retail Ltd                 WC Demand Loan     CRISIL A-      8650    Reaffirmed
Aditya Birla Retail Ltd                 NCD                CRISIL A-      5000    Reaffirmed
Aditya Birla Retail Ltd                 NCD                CRISIL A-      5000    Reaffirmed
Aimil Ltd                               CC                 CRISIL BBB-    380     Reaffirmed
Aimil Ltd                               LT Loan            CRISIL BBB-    20      Reaffirmed
Anant Agro Industries (Jaivik Krishi    CC                 CRISIL BB-     150     Reaffirmed
Pariyojana)
Anant Agro Industries (Jaivik Krishi    Proposed LT Bk     CRISIL BB-     20      Reaffirmed
Pariyojana)                             Loan Fac
Anant Agro Industries (Jaivik Krishi    Warehouse Receipts CRISIL BB-     30      Assigned
Pariyojana)
B. Manji & Co.                          Foreign Bill       CRISIL B+      47.5    Assigned
                                        Discounting
B. Manji & Co.                          Proposed LT Bk     CRISIL B+      32.5    Assigned
                                        Loan Fac
C. M. Industries                        CC                 CRISIL B       50      Reaffirmed
De Lage Landen Financial Services India LT Bk Fac          CRISIL AA+     2000    Assigned
Pvt Ltd
De Lage Landen Financial Services India Proposed LT Bk     CRISIL AA+     1000    Assigned
Pvt Ltd                                 Loan Fac
Devbhumi Realtors Pvt Ltd               CC*                CRISIL A (SO)  4000    Reaffirmed
*Includes Rs.40 crore sub-limit for letter of credit/bank guarantee
Devbhumi Realtors Pvt Ltd               Overdraft          CRISIL A (SO)  1300    Reaffirmed
Devbhumi Realtors Pvt Ltd               TL                 CRISIL A (SO)  1950    Assigned
Devbhumi Realtors Pvt Ltd               Proposed LT Bk     Provisional    11000   Reaffirmed
                                        Loan Fac           CRISIL A (SO)
Emark Energisers Pvt Ltd                CC                 CRISIL BB-     50      Reaffirmed
Emark Energisers Pvt Ltd                Proposed LT Bk     CRISIL BB-     11.6    Reaffirmed
                                        Loan Fac
Emark Energisers Pvt Ltd                TL                 CRISIL BB-     8.4     Reaffirmed
Gepl Capital Pvt Ltd                    CC/ Overdraft Fac  CRISIL BB-     250     Assigned
Global Coal and Mining Pvt Ltd          CC                 CRISIL A+      500     Reaffirmed
Global Coal and Mining Pvt Ltd          Proposed LT Bk     CRISIL A+      1293    Reaffirmed
                                        Loan Fac
Global Coal and Mining Pvt Ltd          TL                 CRISIL A+      902     Reaffirmed
HDFC Bank Ltd                           Tier I Bonds       CRISIL AA+     100000  Assigned
                                        (Under Basel III)
HDFC Bank Ltd                           Tier I Bonds       CRISIL AA+     50000   Reaffirmed
                                        (Under Basel III)
HDFC Bank Ltd                           Infrastructure     CRISIL AAA     50000   Reaffirmed
                                        Bonds
HDFC Bank Ltd                           Infrastructure     CRISIL AAA     100000  Reaffirmed
                                        Bonds
HDFC Bank Ltd                           Perpetual Tier I   CRISIL AAA     12000   Reaffirmed
                                        Bonds (Under Basel
                                        II)
HDFC Bank Ltd                           Upper Tier II      CRISIL AAA     52000   Reaffirmed
                                        Bonds (Under
                                        Basel II)
Khushi Exim Pvt Ltd                     CC                 CRISIL B-      140     Reaffirmed
Kochhar Glass India Pvt Ltd             CC                 CRISIL B+      73      Reaffirmed
Kochhar Glass India Pvt Ltd             Electronic Dealer  CRISIL B+      28.8    Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Kochhar Glass India Pvt Ltd             Standby Line of    CRISIL B+      5       Reaffirmed
                                        Credit
Kochhar Glass India Pvt Ltd             TL                 CRISIL B+      43.2    Reaffirmed
L.G. Agro Industries                    CC                 CRISIL BB-     150     Reaffirmed
MRK Healthcare Pvt Ltd                  CC                 CRISIL BBB-    102.5   Reaffirmed
Nimex Trading Corporation               LT Loan            CRISIL BB      194.2   Assigned
Nimex Trading Corporation               Proposed LT Bk     CRISIL BB      5.8     Assigned
                                        Loan Fac
Nishit Aggarwal Krishi Sewa Kendra      CC                 CRISIL B+      50      Reaffirmed
Nishit Aggarwal Krishi Sewa Kendra      Warehouse Receipts CRISIL B+      100     Reaffirmed
Ornate Agencies Pvt Ltd                 LOC*               CRISIL BB+     25      Assigned
* Interchangeable with CC limit of Rs 2.5 crore
Privilege Biksons Boilers Pvt Ltd       Proposed LT Bk     CRISIL BB-     20      Assigned
                                        Loan Fac
Privilege Biksons Boilers Pvt Ltd       CC                 CRISIL BB-     15      Assigned
Pulimoottil Silks and Apparel Pvt Ltd   CC                 CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Pulimoottil Silks and Apparel Pvt Ltd   LT Loan            CRISIL BB-     80      Upgraded from
                                                                                  CRISIL B+
Pulimoottil Silks Kottayam              CC                 CRISIL BB-     37.5    Upgraded from
                                                                                  CRISIL B+
Pulimoottil Silks Kottayam              Proposed LT Bk     CRISIL BB-     42.5    Upgraded from
                                        Loan Fac                                  CRISIL B+
Pulimoottil Silks Thrissur              CC                 CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Pulimoottil Silks Thrissur              TL                 CRISIL BB-     20      Upgraded from
                                                                                  CRISIL B+
S.S. Fabricators and Manufacturers      CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
S.S. Fabricators and Manufacturers      Proposed LT Bk     CRISIL B       50      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Shree Dwarkadhish Udyog Pvt Ltd         CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL B+
Shri Ranisati Steel Traders             CC                 CRISIL B       75      Reaffirmed
Siddhi Laxmi Motors                     CC                 CRISIL B       80      Reaffirmed
SLMI Infraprojects Pvt Ltd              Overdraft          CRISIL B       150     Upgraded from
                                                                                  CRISIL B-
SLMI Infraprojects Pvt Ltd              Proposed LT Bk     CRISIL B       250     Upgraded from
                                        Loan Fac                                  CRISIL B-
Timespac India Pvt Ltd                  CC                 CRISIL B       78.8    Reaffirmed
Timespac India Pvt Ltd                  Proposed LT Bk     CRISIL B       42      Reaffirmed
                                        Loan Fac
Timespac India Pvt Ltd                  Standby Line of    CRISIL B       56.7    Reaffirmed
                                        Credit
Vinayaka Electroalloys India Pvt Ltd    CC                 CRISIL B       40      Reaffirmed
Vinayaka Electroalloys India Pvt Ltd    LT Loan            CRISIL B       50      Reaffirmed
Vinoth Feeds and Poultry Pvt Ltd        CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Vinoth Feeds and Poultry Pvt Ltd        LT Loan            CRISIL BB      75      Upgraded from
                                                                                  CRISIL BB-
Vinoth Feeds and Poultry Pvt Ltd        Proposed LT Bk     CRISIL BB      52.5    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)

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