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CRISIL ratings for Indian debt instruments-May 15
May 15, 2017 / 6:44 AM / in 5 months

CRISIL ratings for Indian debt instruments-May 15

    May 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 12, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amara Raja Power Systems Ltd            BG                 CRISIL A3+     987     Upgraded from
                                                                                  CRISIL A4+
Amara Raja Power Systems Ltd            LOC                CRISIL A3+     118     Upgraded from
                                                                                  CRISIL A4+
Amara Raja Power Systems Ltd            LOC & BG           CRISIL A3+     300     Upgraded from
                                                                                  CRISIL A4+
Amara Raja Power Systems Ltd            Vendor Bill        CRISIL A3+     300     Upgraded from
                                        Discounting Limits                        CRISIL A4+
Anmol Associates - Lucknow              BG                 CRISIL A4+     40      Upgraded from
                                                                                  CRISIL A4
Ballavpur Paper Mfg. Ltd                LOC                CRISIL A4+     140     Downgraded
                                                                                  from CRISIL A3
Ballavpur Paper Mfg. Ltd                Standby Line of    CRISIL A4+     15      Downgraded
                                        Credit                                    from CRISIL A3
Bharat Heavy Electricals Ltd            LOC & BG           CRISIL A1+     535100  Reaffirmed
Bharat Heavy Electricals Ltd            Proposed LOC & BG  CRISIL A1+     14900   Reaffirmed
Bishnupriya Cold Storage Pvt Ltd        Proposed ST Bk     CRISIL A4      11.1    Reaffirmed
                                        Loan Fac
Jay Jagdamba Profile Pvt Ltd            BG                 CRISIL A3      5       Upgraded from
                                                                                  CRISIL A4+
Jay Jagdamba Profile Pvt Ltd            Export Bill        CRISIL A3      80      Upgraded from
                                        Purchase                                  CRISIL A4+
                                        -Discounting
Jay Jagdamba Profile Pvt Ltd            Packing Credit     CRISIL A3      60      Upgraded from
                                                                                  CRISIL A4+
KLJ Polymers and Chemicals Ltd          BG                 CRISIL A1+     20      Reaffirmed
KLJ Polymers and Chemicals Ltd          LOC*               CRISIL A1+     1480.6  Reaffirmed
*Includes a sublimit for Forward Contract amounting to Rs 8.06 crores
Offshore Infrastructures Ltd            BG                 CRISIL A2+     5840    Reaffirmed
Offshore Infrastructures Ltd            Proposed BG        CRISIL A2+     410     Reaffirmed
Pink Rose Lingerie Pvt Ltd              LOC                CRISIL A4      25      Assigned
Royal Touch Fablon Pvt Ltd              LOC & BG           CRISIL A3      120     Reaffirmed
Sanskriti Packaging Pvt Ltd             LOC                CRISIL A4+     39.6    Assigned
SCM Garments Pvt Ltd                    Packing Credit in  CRISIL A2+     1000    Upgraded from
                                        Foreign Currency                          CRISIL A2
SCM Garments Pvt Ltd                    Standby Export     CRISIL A2+     100     Upgraded from
                                        Packing Credit                            CRISIL A2
Sento Vitrified LLP                     BG                 CRISIL A4      11      Assigned
Solanki Construction                    BG                 CRISIL A4      35      Reaffirmed
Temple Packaging Pvt Ltd                BG                 CRISIL A2      20      Reaffirmed
Temple Packaging Pvt Ltd                LOC                CRISIL A2      30      Reaffirmed
TKV Marketing India Pvt Ltd             BG                 CRISIL A4+     5       Reaffirmed
TKV Marketing India Pvt Ltd             Packing Credit     CRISIL A4+     45      Reaffirmed
Unilec Engineers Ltd                    BG                 CRISIL A4+     121.3   Upgraded from
                                                                                  CRISIL A4
VIP Clothing Ltd                        BG                 CRISIL A3      13.5    Rating Watch
                                                                                  with Positive
                                                                                  Implications
VIP Clothing Ltd                        Foreign Exchange   CRISIL A3      5       Rating Watch
                                        Forward                                   with Positive
                                                                                  Implications
VIP Clothing Ltd                        LOC                CRISIL A3      260     Rating Watch
                                                                                  with Positive
                                                                                  Implications
LONG TERM RATINGS:
-------------------
Amara Raja Power Systems Ltd            CC                 CRISIL BBB     379     Upgraded from
                                                                                  CRISIL BB+
Anmol Associates - Lucknow              CC                 CRISIL BB-     40      Upgraded from
                                                                                  CRISIL B
Apollo Creations Pvt Ltd                CC                 CRISIL B+      50      Reaffirmed
Apollo Creations Pvt Ltd                Proposed LT Bk     CRISIL B+      100     Reaffirmed
                                        Loan Fac
Baby Memorial Hospital Ltd              CC                 CRISIL B+      100     Reaffirmed
Baby Memorial Hospital Ltd              TL                 CRISIL B+      400     Reaffirmed
Ballavpur Paper Mfg. Ltd                CC                 CRISIL BB      100     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Ballavpur Paper Mfg. Ltd                TL                 CRISIL BB      75      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Bharat Heavy Electricals Ltd            CC                 CRISIL AA+     37500   Reaffirmed
Bharat Heavy Electricals Ltd            Proposed CC Limit  CRISIL AA+     12500   Reaffirmed
Bishnupriya Cold Storage Pvt Ltd        CC                 CRISIL B       67      Reaffirmed
Bishnupriya Cold Storage Pvt Ltd        TL                 CRISIL B       22.5    Reaffirmed
Ceedeeyes Infrastructure DevelopmentPvt LT Loan            CRISIL B       569     Downgraded
Ltd                                                                               from CRISIL BB
Ceedeeyes Infrastructure DevelopmentPvt Proposed LT Bk     CRISIL B       591     Downgraded
Ltd                                     Loan Fac                                  from CRISIL BB
Ceedeeyes Infrastructure DevelopmentPvt Proposed Overdraft CRISIL B       200     Downgraded
Ltd                                     Fac                                       from CRISIL BB
Invesco India                           Liquid Fund        CRISIL AAAmfs          Reaffirmed
J. K. Developers                        TL                 CRISIL B       120     Downgraded
                                                                                  from CRISIL B+
Jay Jagdamba Profile Pvt Ltd            CC                 CRISIL BBB-    10      Upgraded from
                                                                                  CRISIL BB+
Jay Jagdamba Profile Pvt Ltd            TL                 CRISIL BBB-    120     Upgraded from
                                                                                  CRISIL BB+
Kailash Castings Ltd                    CC                 CRISIL B+      55      Reaffirmed
KLJ Polymers and Chemicals Ltd          CC                 CRISIL A+      800     Reaffirmed
KLJ Polymers and Chemicals Ltd          Proposed LT Bk     CRISIL A+      494.4   Reaffirmed
                                        Loan Fac
KLJ Polymers and Chemicals Ltd          TL                 CRISIL A+      79.3    Reaffirmed
Mat White Gum Industries Pvt Ltd        CC                 CRISIL B       150     Reaffirmed
Offshore Infrastructures Ltd            CC                 CRISIL A-      650     Reaffirmed
Offshore Infrastructures Ltd            Proposed CC Limit  CRISIL A-      350     Reaffirmed
Offshore Infrastructures Ltd            Proposed LT Bk     CRISIL A-      250     Reaffirmed
                                        Loan Fac
Patikari Power Pvt Ltd                  LT Loan            CRISIL D       142.5   Downgraded
                                                                                  from CRISIL BB
Patikari Power Pvt Ltd                  Proposed LT Bk     CRISIL D       73.6    Downgraded
                                        Loan Fac                                  from CRISIL BB
Pink Rose Lingerie Pvt Ltd              CC                 CRISIL B-      90      Assigned
Raj Agrovet Farm                        CC                 CRISIL BB-     80      Assigned
Raj Agrovet Farm                        TL                 CRISIL BB-     10      Assigned
Royal Touch Fablon Pvt Ltd              CC                 CRISIL BBB-    607.5   Reaffirmed
Royal Touch Fablon Pvt Ltd              Proposed LT Bk     CRISIL BBB-    162.5   Reaffirmed
                                        Loan Fac
Royal Touch Fablon Pvt Ltd              TL                 CRISIL BBB-    110     Reaffirmed
Salasar Balaji Cold Storage Pvt Ltd     Overdraft          CRISIL B+      95      Reaffirmed
Salasar Balaji Cold Storage Pvt Ltd     Proposed Overdraft CRISIL B+      5       Reaffirmed
                                        Fac
Sanskriti Packaging Pvt Ltd             CC                 CRISIL BB-     100     Reaffirmed
Sanskriti Packaging Pvt Ltd             TL                 CRISIL BB-     10.4    Reaffirmed
Sarvoday Ashram                         CC                 CRISIL B+      70      Reaffirmed
SBI Cards and Payment Services Pvt Ltd  LT Bk Fac**        CRISIL AAA     85000   Reaffirmed
**Cash credit/working capital demand loan
SBI Cards and Payment Services Pvt Ltd  Proposed LT Bk     CRISIL AAA     25000   Reaffirmed
                                        Loan Fac**
**Cash credit/working capital demand loan
SCM Garments Pvt Ltd                    Export Packing     CRISIL A-      425     Upgraded from
                                        Credit                                    CRISIL BBB+
SCM Garments Pvt Ltd                    Foreign Bill       CRISIL A-      155     Upgraded from
                                        Discounting                               CRISIL BBB+
SCM Garments Pvt Ltd                    Standby Line of    CRISIL A-      58.5    Upgraded from
                                        Credit                                    CRISIL BBB+
SCM Garments Pvt Ltd                    TL                 CRISIL A-      592.7   Upgraded from
                                                                                  CRISIL BBB+
Sento Vitrified LLP                     TL                 CRISIL B+      170     Assigned
Sento Vitrified LLP                     CC                 CRISIL B+      70      Assigned
Sh. Ransingh Bohra Fuels                CC                 CRISIL B+      80      Reaffirmed
Shree Baba Exports                      CC                 CRISIL B       120     Reaffirmed
Solanki Construction                    CC                 CRISIL B       30      Reaffirmed
Surya Alloy Industries Ltd              CC                 CRISIL D       914.9   Reaffirmed
Surya Alloy Industries Ltd              LOC & BG           CRISIL D       507.7   Reaffirmed
Surya Alloy Industries Ltd              TL                 CRISIL D       1733.8  Reaffirmed
Temple Packaging Pvt Ltd                Proposed LT Bk     -              150     Withdrawal
                                        Loan Fac
Temple Packaging Pvt Ltd                Bill Discounting   CRISIL BBB+    260     Reaffirmed
Temple Packaging Pvt Ltd                CC                 CRISIL BBB+    30      Reaffirmed
Temple Packaging Pvt Ltd                Proposed LT Bk     CRISIL BBB+    190     Reaffirmed
                                        Loan Fac
Temple Packaging Pvt Ltd                TL                 CRISIL BBB+    320     Reaffirmed
The Oriental Insurance Co. Ltd          Financial Strength CRISIL AAA             Reaffirmed
TKV Marketing India Pvt Ltd             Foreign Bill       CRISIL BB      42.5    Reaffirmed
                                        Purchase
TKV Marketing India Pvt Ltd             Overdraft          CRISIL BB      5       Reaffirmed
TKV Marketing India Pvt Ltd             Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
TKV Marketing India Pvt Ltd             Standby Line of    CRISIL BB      17.5    Reaffirmed
                                        Credit
Unilec Engineers Ltd                    CC                 CRISIL BB-     63.2    Upgraded from
                                                                                  CRISIL B+
VIP Clothing Ltd                        CC                 CRISIL BBB-    796.5   Rating Watch
                                                                                  with Positive
                                                                                  Implications
VIP Clothing Ltd                        Proposed LT Bk     CRISIL BBB-    59      Rating Watch
                                        Loan Fac                                  with Positive
                                                                                  Implications
VIP Clothing Ltd                        Standby Line of    CRISIL BBB-    50      Rating Watch
                                        Credit                                    with Positive
                                                                                  Implications
VIP Clothing Ltd                        TL                 CRISIL BBB-    50      Rating Watch
                                                                                  with Positive
                                                                                  Implications
Xplore-Tech Services Pvt Ltd            Foreign Currency TLCRISIL BBB     433     Assigned
Zedson Agro Pvt Ltd                     CC                 CRISIL B+      42      Reaffirmed
Zedson Agro Pvt Ltd                     LT Loan            CRISIL B+      43      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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