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CRISIL ratings for Indian debt instruments-May 18
May 18, 2017 / 6:03 AM / 4 months ago

CRISIL ratings for Indian debt instruments-May 18

   May 18 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 17, 2017.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ashok Bricks Industries Pvt Ltd         BG                 CRISIL         200     Issuer Not
                                                           A4 (Issuer Not         Cooperating;
                                                           Cooperating)           Downgraded 
                                                                                  from 
                                                                                  CRISIL A4+
Bos Natural Flavors Pvt Ltd             LOC                CRISIL A4+     11      Assigned
Brahma Refractories Pvt Ltd             BG                 CRISIL A4      20      Issuer Not
                                                                                  Cooperating;
                                                                                  Rating
                                                                                  Reaffirmed
Brahma Refractories Pvt Ltd             Proposed NFBL      CRISIL A4      6.3     Issuer Not
                                                                                  Cooperating;
                                                                                  Rating
                                                                                  Reaffirmed
Cadiz Pharmaceuticals Pvt Ltd           BG                 CRISIL A4+     130     Reaffirmed
Chemitech Engineers Pvt Ltd             BG                 CRISIL A4      30      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL A4+
Chemitech Engineers Pvt Ltd             Inland/Import LOC  CRISIL A4      210     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL A4+
DCM Ltd                                 LOC & BG           CRISIL A3      132.5   Reaffirmed
DTDC Express Ltd                        LOC & BG           CRISIL A2+     360     Reaffirmed
Geeta Enterprises Pvt Ltd               LOC                CRISIL A4      100     Issuer Not
                                                                                  Cooperating;
                                                                                  Rating 
                                                                                  Reaffirmed
Gemini Enterprises                      BG                 CRISIL A4+     0.5     Reassigned;
                                                                                  Placed on
                                                                                  Notice of 
                                                                                  Withdrawal
Gemini Enterprises                      LOC                CRISIL A4+     60      Reassigned;
                                                                                  Placed on
                                                                                  Notice of 
                                                                                  Withdrawal
Gupta Infotech                          Import LOC Limit   CRISIL A4      30      Issuer Not
                                                                                  Cooperating;
                                                                                  Rating 
                                                                                  Reaffirmed
Gupta Infotech                          LOC                CRISIL A4      0.5     Issuer Not
                                                                                  Cooperating;
                                                                                  Rating 
                                                                                  Reaffirmed
Hanuman Alloys Pvt Ltd                  BG                 CRISIL A4      29.1    Issuer Not
                                                                                  Cooperating;
                                                                                  Rating 
                                                                                  Reaffirmed
Hanuman Alloys Pvt Ltd                  LOC                CRISIL A4      9.7     Issuer Not
                                                                                  Cooperating;
                                                                                  Rating 
                                                                                  Reaffirmed
Himalayan Flour Mill Pvt Ltd            BG                 CRISIL A4      10      Issuer Not
                                                                                  Co-operating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL A4+
Jain Udyog                              BG                 CRISIL A3+     35      Reaffirmed
Kokal Interior Contracts Pvt Ltd        BG                 CRISIL A2      200     Upgraded from
                                                                                  CRISIL A3+
Lakshmi Steel Rolling Mills - Unit II   Foreign Exchange   CRISIL A4+     14      Upgraded from
                                        Forward                                   CRISIL A4
Lakshmi Steel Rolling Mills - Unit II   LOC                CRISIL A4+     700     Upgraded from
                                                                                  CRISIL A4
Laxmi Engineering Industries (Bhopal)   BG                 CRISIL A4+     100     Reaffirmed
Pvt Ltd
Radha Krishna Flour Mill                BG                 CRISIL A4+     40      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Roctool Engineers Pvt Ltd               LOC                CRISIL A4+     6       Reaffirmed
Sarveshwar Foods Ltd                    Post Shipment      CRISIL A4+     50      Assigned
                                        Credit
Sarveshwar Overseas Ltd                 Packing Credit     CRISIL A4+     50      Assigned
Shweta Paper Industries Pvt Ltd         BG                 CRISIL A4+     10      Reaffirmed
Shweta Paper Industries Pvt Ltd         Import LOC Limit   CRISIL A4+     40      Reaffirmed
Sri Sri Gruha Nirman India Pravate Ltd  ST Loan            CRISIL A4      180     Assigned
Weaverly Jute Mills Pvt Ltd             BG                 CRISIL A4+     25      Reaffirmed
Zim Laboratories Ltd                    BG                 CRISIL A4+     80      Reaffirmed
Zim Laboratories Ltd                    LOC                CRISIL A4+     50      Reaffirmed


LONG TERM RATINGS:
-------------------
Aimil Pharmaceuticals India Ltd         CC                 CRISIL BB      210     Reaffirmed
Aimil Pharmaceuticals India Ltd         LT Loan            CRISIL BB      80      Reaffirmed
Aimil Pharmaceuticals India Ltd         Proposed LT Bk     CRISIL BB      210     Reaffirmed
                                        Loan Fac
Anupam Industries                       CC                 CRISIL BB-     100     Reaffirmed
Ashok Bricks Industries Pvt Ltd         CC                 CRISIL B       100     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB
Ashok Bricks Industries Pvt Ltd         Proposed CC Limit  CRISIL B       0.3     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB
Ashok Bricks Industries Pvt Ltd         Standby LOC        CRISIL B       15      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB
Ashok Bricks Industries Pvt Ltd         TL                 CRISIL B       4.7     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB
BOB Capital Markets Ltd                 Corporate Credit   CCR AAA        0       Assigned
                                        Rating
Bos Natural Flavors Pvt Ltd             Packing Credit     CRISIL BB+     55      Assigned
Bos Natural Flavors Pvt Ltd             LT Loan            CRISIL BB+     9       Assigned
Bos Natural Flavors Pvt Ltd             CC                 CRISIL BB+     30      Assigned
Bos Natural Flavors Pvt Ltd             Export Packing     CRISIL BB+     95      Assigned
                                        Credit
Brahma Refractories Pvt Ltd             CC                 CRISIL B       62.5    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB
Cadiz Pharmaceuticals Pvt Ltd           CC                 CRISIL BB      60      Reaffirmed
Chain N Chains Jewels Ltd               CC                 CRISIL BB+     180     Reaffirmed
Chain N Chains Jewels Ltd               Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
Chemitech Engineers Pvt Ltd             CC                 CRISIL B       80      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB-
CJ S Haritha Homes                      Proposed LT Bk     CRISIL B       132.2   Assigned
                                        Loan Fac
CJ S Haritha Homes                      TL                 CRISIL B       217.8   Assigned
Ckompax Metatech Pvt Ltd                CC                 CRISIL B       300     Reaffirmed
Ckompax Metatech Pvt Ltd                Proposed WC Fac    CRISIL B       200     Assigned
DCM Ltd                                 Bill Discounting   CRISIL BBB-    750     Continues on
                                                                                  Rating Watch
                                                                                  with 
                                                                                  Negative 
                                                                                  Implications
DCM Ltd                                 CC                 CRISIL BBB-    1360    Reaffirmed
DCM Ltd                                 TL                 CRISIL BBB-    159.6   Continues on
                                                                                  Rating Watch
                                                                                  with 
                                                                                  Negative 
                                                                                  Implications
DTDC Express Ltd                        CC                 CRISIL A-      830     Reaffirmed
DTDC Express Ltd                        Proposed LT Bk     CRISIL A-      50      Reaffirmed
                                        Loan Fac
DTDC Express Ltd                        TL                 CRISIL A-      450     Reaffirmed
Gajraj Flour Mill                       CC                 CRISIL B       100     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB-
Gajraj Flour Mill                       Proposed LT Bk     CRISIL B       100     Issuer Not
                                        Loan Fac                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL BB-
Gayatri Microns Ltd                     CC                 CRISIL B       49.2    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Gayatri Microns Ltd                     TL                 CRISIL B       60.8    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Geeta Enterprises Pvt Ltd               CC                 CRISIL B       25      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL B+
Gemini Enterprises                      Export Packing     CRISIL BB      25      Reaffirmed
                                        Credit
Gemini Enterprises                      Foreign Bill       CRISIL BB      116.5   Reaffirmed
                                        Discounting
Gemini Enterprises                      Proposed LT Bk     CRISIL BB      24.5    Reaffirmed
                                        Loan Fac
Gemini Enterprises                      Standby FB Limits  CRISIL BB      27.5    Reaffirmed
GNB Motors Pvt Ltd                      CC                 CRISIL B       60      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB-
GNB Motors Pvt Ltd                      Channel Financing  CRISIL B       75      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB-
GNB Motors Pvt Ltd                      Proposed FB Bk     CRISIL B       21      Issuer Not
                                        Limits                                    Cooperating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB-
Gupta Infotech                          Bill Discounting   CRISIL B       90      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Gupta Infotech                          CC                 CRISIL B       30      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Gupta Infotech                          CC/ Overdraft Fac  CRISIL B       20      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Gupta Infotech                          Proposed LT Bk     CRISIL B       69.5    Issuer Not
                                        Loan Fac                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Guranditta Mal Mohan Lal                CC                 CRISIL B       170     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB-
Hansraj Agrofresh Pvt Ltd               CC                 CRISIL B       20.1    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Hansraj Agrofresh Pvt Ltd               LT Loan            CRISIL B       34.6    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Hanuman Alloys Pvt Ltd                  CC                 CRISIL B       107.5   Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Hanuman Alloys Pvt Ltd                  Proposed CC Limit  CRISIL B       68.7    Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Hanuman Alloys Pvt Ltd                  Proposed FB Bk     CRISIL B       35      Issuer Not
                                        Limits                                    Cooperating;
                                                                                  Downgraded 
                                                                                  from 
                                                                                  CRISIL B+
Himalayan Flour Mill Pvt Ltd            CC                 CRISIL B       60      Issuer Not
                                                                                  Co-operating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB
Himalayan Flour Mill Pvt Ltd            Proposed BG        CRISIL B       20      Issuer Not
                                                                                  Co-operating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB
Himalayan Flour Mill Pvt Ltd            Proposed CC Limit  CRISIL B       10      Issuer Not
                                                                                  Co-operating;
                                                                                  Downgraded 
                                                                                  from
                                                                                  CRISIL BB
J. Y. International                     CC                 CRISIL BB      145     Assigned
J. Y. International                     Export Packing     CRISIL BB      60      Assigned
                                        Credit
J. Y. International                     TL                 CRISIL BB      5       Assigned
Jain Udyog                              CC                 CRISIL BBB     195     Reaffirmed
Jain Udyog                              Inventory Funding  CRISIL BBB     80      Reaffirmed
                                        Fac
Kancheshwar Sugar Ltd                   Pledge Loan        CRISIL D       500     Downgraded
                                                                                  from CRISIL B
Kancheshwar Sugar Ltd                   TL                 CRISIL D       230     Downgraded
                                                                                  from CRISIL B
Kancheshwar Sugar Ltd                   WC TL              CRISIL D       200     Downgraded
                                                                                  from CRISIL B
Kokal Interior Contracts Pvt Ltd        CC                 CRISIL BBB     12.5    Reaffirmed
Kokal Interior Contracts Pvt Ltd        Proposed WC Fac    CRISIL BBB     37.5    Reaffirmed
Lakshmi Steel Rolling Mills - Unit II   CC                 CRISIL BB-     85      Upgraded from
                                                                                  CRISIL B+
Laxmi Engineering Industries (Bhopal)   CC                 CRISIL BB      175     Reaffirmed
Pvt Ltd
Laxmi Engineering Industries (Bhopal)   Rupee TL           CRISIL BB      107.5   Reaffirmed
Pvt Ltd
Mirae Asset Cash Management Fund        Mirae Asset Cash   CRISIL AAAmfs  0       Reaffirmed
                                        Management Fund
Mohammed Enterprises Pvt Ltd            CC                 CRISIL B+      521     Reaffirmed
Prudential Sugar Corporation Ltd        Proposed LT Bk     CRISIL C       200     Reaffirmed
                                        Loan Fac
Radha Krishna Flour Mill                CC                 CRISIL BB-     50      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Radha Krishna Flour Mill                Proposed CC Limit  CRISIL BB-     20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Raj Rajeshwari Techno Fab Pvt Ltd       Proposed CC Limit  CRISIL B       40      Assigned
Raj Rajeshwari Techno Fab Pvt Ltd       Proposed Rupee TL  CRISIL B       150     Assigned
Roctool Engineers Pvt Ltd               CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Roctool Engineers Pvt Ltd               LT Loan            CRISIL BB+     4       Upgraded from
                                                                                  CRISIL BB
Roctool Engineers Pvt Ltd               Proposed LT Bk     CRISIL BB+     10      Upgraded from
                                        Loan Fac                                  CRISIL BB
Sant Bhagatram Ginning and Pressing     CC                 CRISIL BB-     65      Upgraded from
                                                                                  CRISIL B+
Sarveshwar Foods Ltd                    CC                 CRISIL BB+     450     Assigned
Sarveshwar Foods Ltd                    Warehouse FinancingCRISIL BB+     288.1   Assigned
Sarveshwar Foods Ltd                    Proposed LT Bk     CRISIL BB+     1.9     Assigned
                                        Loan Fac
Sarveshwar Overseas Ltd                 Warehouse FinancingCRISIL BB+     250     Assigned
Sarveshwar Overseas Ltd                 TL                 CRISIL BB+     90      Assigned
Sarveshwar Overseas Ltd                 CC                 CRISIL BB+     1000    Assigned
Sharada Education Trust                 TL                 CRISIL B-      110     Reaffirmed
Shweta Paper Industries Pvt Ltd         CC                 CRISIL BB-     50      Reaffirmed
Shweta Paper Industries Pvt Ltd         Proposed LT Bk     CRISIL BB-     84.5    Reaffirmed
                                        Loan Fac
Shweta Paper Industries Pvt Ltd         TL                 CRISIL BB-     43      Reaffirmed
Techops Infrastructure Pvt Ltd          TL                 CRISIL B+      100     Assigned
Weaverly Jute Mills Pvt Ltd             CC                 CRISIL BB+     115     Upgraded from
                                                                                  CRISIL BB
Weaverly Jute Mills Pvt Ltd             Export Packing     CRISIL BB+     5       Upgraded from
                                        Credit                                    CRISIL BB
Z Fashions                              CC                 CRISIL B+      50      Reaffirmed
Z Fashions                              Proposed CC Limit  CRISIL B+      25      Reaffirmed
Z Fashions                              Proposed LT Bk     CRISIL B+      25      Assigned
                                        Loan Fac
Zim Laboratories Ltd                    CC*                CRISIL BB+     650     Reaffirmed
*Fully interchangeable with pre-shipment and post-shipment. 
Zim Laboratories Ltd                    External           CRISIL BB+     291.1   Outlook
                                        Commercial                                revised from
                                        Borrowings                                Negative
                                                                                  and
                                                                                  rating 
                                                                                  reaffirmed
Zim Laboratories Ltd                    Proposed LT Bk     CRISIL BB+     40.2    Reaffirmed
                                        Loan Fac
Zim Laboratories Ltd                    LT Loan            CRISIL BB+     48.7    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)

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