May 23, 2017 / 6:11 AM / 3 months ago

CRISIL ratings for Indian debt instruments-May 23

    May 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 22, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aryan Granites and Monuments Pvt Ltd    BG                 CRISIL A3      5       Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Foreign Bill       CRISIL A3      65      Reaffirmed
                                        Discounting
Aryan Granites and Monuments Pvt Ltd    LOC                CRISIL A3      20      Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Standby Line of    CRISIL A3      30      Reaffirmed
                                        Credit
Ascent e-Digit Solutions Pvt Ltd        BG                 CRISIL A4+     80      Reaffirmed
Ascent e-Digit Solutions Pvt Ltd        LOC                CRISIL A4+     10      Reaffirmed
B. Patel Infrastructure Pvt Ltd         BG                 CRISIL A4+     230     Reaffirmed
Basant                                  Proposed Export    CRISIL A4+     55      Assigned
                                        Packing Credit
Christy Apparels                        BG                 CRISIL A4+     1.2     Reaffirmed
Christy Apparels                        Packing Credit     CRISIL A4+     37      Reaffirmed
Divine Constructions                    BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Envirad Projects Pvt Ltd                BG                 CRISIL A4+     300     Reaffirmed
H. P. Zala                              BG                 CRISIL A4      20      Reaffirmed
Highway Engineering Consultant          BG                 CRISIL A4+     12      Assigned
HiMedia Laboratories Pvt Ltd            BG                 CRISIL A1      20      Reaffirmed
HiMedia Laboratories Pvt Ltd            LOC**              CRISIL A1      60      Reaffirmed
Janki Dass Rice Mills                   Packing Credit     CRISIL A4+     450     Reaffirmed
Jayachandran Industries Pvt Ltd         Foreign Bill       CRISIL A4      30      Reaffirmed
                                        Negotiation
Jayesh Industries Ltd                   BG                 CRISIL A4      2       Reaffirmed
Issuer Not Cooperating
Juniper Constructions Pvt Ltd           BG                 CRISIL A4+     45      Reaffirmed
Lamina Foundries Ltd                    Foreign Bill       CRISIL A4+     9.1     Reaffirmed
                                        Purchase
Lamina Foundries Ltd                    LOC & BG           CRISIL A4+     54.7    Reaffirmed
Lamina International                    Export Packing     CRISIL A4+     18.5    Reaffirmed
                                        Credit
Lamina International                    Foreign Bill       CRISIL A4+     60      Reaffirmed
                                        Purchase
Lamina Suspension Products Ltd          Bill Discounting   CRISIL A4+     19      Reaffirmed
Lamina Suspension Products Ltd          LOC                CRISIL A4+     163.5   Reaffirmed
M/s. L. G. Chaudhary                    BG                 CRISIL A4+     235     Downgraded
                                                                                  from CRISIL A3
Magbro Healthcare Pvt Ltd               LOC                CRISIL A4      20      Reaffirmed
Mahindra and Mahindra Financial         ST Bk Fac          CRISIL A1+     14370   Reaffirmed
Services Ltd
Maruti Educational Trust                Overdraft          CRISIL A4      37.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Maruti Educational Trust                Overdraft          CRISIL A4      37.5    Downgraded
                                                           (Issuer Not            from CRISIL
                                                           Cooperating)           A4+
Issuer Not Cooperating
Mecwel Constructions                    BG                 CRISIL A4+     30      Upgraded from
                                                                                  CRISIL A4
Modi-Mundipharma Pvt Ltd                BG                 CRISIL A2      6       Reaffirmed
Modi-Mundipharma Pvt Ltd                Buyer`s Credit     CRISIL A2      31.3    Reaffirmed
Nuvoco Vistas Corporation Ltd           BG                 CRISIL A1+     110.5   Reaffirmed
Nuvoco Vistas Corporation Ltd           LOC & BG*          CRISIL A1+     2000    Reaffirmed
Nuvoco Vistas Corporation Ltd           LT Loan            CRISIL A1+     3000    Withdrawal
Nuvoco Vistas Corporation Ltd           Overdraft^         CRISIL A1+     250     Reaffirmed
Nuvoco Vistas Corporation Ltd           Overdraft          CRISIL A1+     350     Reaffirmed
Secunderabad Hotels Pvt Ltd             BG                 CRISIL A3      20      Reaffirmed
Secunderabad Hotels Pvt Ltd             Overdraft          CRISIL A3      97.5    Reaffirmed
SESA International Ltd                  LOC                CRISIL A4+     920     Reaffirmed
Shiva Engineering Works                 BG                 CRISIL A4+     40      Reaffirmed
Shiva Engineering Works                 LOC                CRISIL A4+     20      Reaffirmed
Siddharth Industries                    BG                 CRISIL A4      35      Reaffirmed
Siddharth Industries                    LOC                CRISIL A4      15      Reaffirmed
Techno Exports                          Export Packing     CRISIL A4      59      Reaffirmed
                                        Credit
Techno Exports                          Proposed Export    CRISIL A4      21      Reaffirmed
                                        Packing Credit
The Fabricators (India)                 BG                 CRISIL A4      42.5    Assigned
Trinity Global - Alappuzha              BG                 CRISIL A4      6       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Turakhia Polymers Pvt Ltd               BG                 CRISIL A4      100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
V.S.Engineering Pvt Ltd                 BG                 CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating

Vijayawada Hospitalities Pvt Ltd        BG                 CRISIL A4+     7.5     Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Overdraft          CRISIL A4+     10      Reaffirmed
Vinod H Patel                           BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        BG                 CRISIL A4      15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Win-Medicare Pvt Ltd                    BG                 CRISIL A2      15      Reaffirmed


LONG TERM RATINGS:
-------------------
Aditya Birla Nuvo Ltd                   NCD                CRISIL AA+     2000    Rating Watch
                                                                                  with Positive
                                                                                  Implications
Amrit Agencies (Indore) Pvt Ltd         CC                 CRISIL BB      150     Assigned
Arihant Syncotex Mills Pvt Ltd          CC                 CRISIL BB-     300     Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Export Packing     CRISIL BBB-    145     Reaffirmed
                                        Credit
Aryan Granites and Monuments Pvt Ltd    Foreign Currency TLCRISIL BBB-    180     Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Proposed LT Bk     CRISIL BBB-    111     Reaffirmed
                                        Loan Fac
Ascent e-Digit Solutions Pvt Ltd        CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Ascent e-Digit Solutions Pvt Ltd        Proposed WC Fac    CRISIL BB      1.3     Upgraded from
                                                                                  CRISIL BB-
B. Patel Infrastructure Pvt Ltd         CC                 CRISIL BB      65      Upgraded from
                                                                                  CRISIL BB-
B. Patel Infrastructure Pvt Ltd         TL                 CRISIL BB      5       Upgraded from
                                                                                  CRISIL BB-
Balajee Hitec Rolling Pvt Ltd           CC                 CRISIL BB      87.5    Reaffirmed
Balajee Hitec Rolling Pvt Ltd           Proposed FB Bk     CRISIL BB      79.9    Reaffirmed
                                        Limits
Basant                                  Proposed LT Bk     CRISIL BB      135     Assigned
                                        Loan Fac
Basant                                  Export Packing     CRISIL BB      60      Assigned
                                        Credit
Bhatia Wine Merchants Pvt Ltd           CC                 CRISIL BBB-    250     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Bhatia Wine Merchants Pvt Ltd           TL                 CRISIL BBB-    450     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Bhopal Dhule Transmission Co. Ltd       External           CRISIL AAA     2782.5  Upgraded from
                                        Commercial                                CRISIL AA-
                                        Borrowings
Bhopal Dhule Transmission Co. Ltd       TL*                CRISIL AAA     13800   Upgraded from
                                                                                  CRISIL AA-
* to be withdrawn once these loans are repaid and no dues certificates regarding the same are
received from the bankers
Christy Apparels                        Bill Discounting   CRISIL BB-     30      Reaffirmed
Christy Apparels                        CC                 CRISIL BB-     32.5    Reaffirmed
Christy Apparels                        LT Loan            CRISIL BB-     49.3    Reaffirmed
Divine Constructions                    CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Envirad Projects Pvt Ltd                CC                 CRISIL BB      50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Gajra Differential Gears Ltd            CC                 CRISIL C       101     Assigned
H. P. Zala                              CC                 CRISIL B-      50      Reaffirmed
Highway Engineering Consultant          Proposed CC Limit  CRISIL BB      48      Assigned
Highway Engineering Consultant          Proposed BG        CRISIL BB      238     Assigned
Highway Engineering Consultant          CC                 CRISIL BB      2       Assigned
HiMedia Laboratories Pvt Ltd            CC*                CRISIL A       480     Reaffirmed
*Interchangeable with book debt of Rs 16 crore, export packing credit of Rs 30 crore, export
bill negotiation/export bill discounting of Rs 30 
HiMedia Laboratories Pvt Ltd            Packing Credit In  CRISIL A       80      Reaffirmed
                                        Foriegn Currency @$
@Interchangeable with standby letter of credit of Rs 6 crore
$Fully interchangeable with post shipment credit in foreign currency, cash credit, working
capital demand loan, letter of credit, import letter of credit, buyer's credit
HiMedia Laboratories Pvt Ltd            Proposed LT Bk     CRISIL A       778.9   Reaffirmed
                                        Loan Fac
HiMedia Laboratories Pvt Ltd            TL                 CRISIL A       431.1   Assigned
Jaika Automobiles Pvt Ltd               CC                 CRISIL BB      150     Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               Inventory Funding  CRISIL BB      70      Upgraded from
                                        Fac                                       CRISIL BB-
Jaika Automobiles Pvt Ltd               TL                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               CC                 CRISIL BB      150     Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               Inventory Funding  CRISIL BB      70      Upgraded from
                                        Fac                                       CRISIL BB-
Jaika Automobiles Pvt Ltd               TL                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Janki Dass Rice Mills                   CC                 CRISIL BB      150     (Upgraded
                                                                                  from CRISIL
                                                                                  BB-
Jayachandran Industries Pvt Ltd         Bill Discounting   CRISIL B+      40      Upgraded from
                                                                                  CRISIL B
Jayachandran Industries Pvt Ltd         CC                 CRISIL B+      64      Upgraded from
                                                                                  CRISIL B
Jayachandran Industries Pvt Ltd         Proposed FB Bk     CRISIL B+      97.7    Upgraded from
                                        Limits                                    CRISIL B
Jayachandran Industries Pvt Ltd         TL                 CRISIL B+      3.8     Upgraded from
                                                                                  CRISIL B
Jayesh Distributors                     CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Jayesh Distributors                     Export Packing     CRISIL BB-     10      Downgraded
                                        Credit                                    from CRISIL BB
Issuer Not Cooperating
Jayesh Industries Ltd                   Buyer`s Credit     CRISIL B-      50      Reaffirmed
Issuer Not Cooperating
Jayesh Industries Ltd                   CC                 CRISIL B-      102.5   Reaffirmed
Issuer Not Cooperating
Jayesh Industries Ltd                   Proposed LT Bk     CRISIL B-      34.9    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jayesh Industries Ltd                   Standby Line of    CRISIL B-      10      Reaffirmed
                                        Credit
Issuer Not Cooperating
Juniper Constructions Pvt Ltd           CC                 CRISIL BB-     30      Reaffirmed
Juniper Constructions Pvt Ltd           Proposed LT Bk     CRISIL BB-     3.9     Reaffirmed
                                        Loan Fac
Karnal Motors Pvt Ltd                   CC                 CRISIL BBB     100     Reaffirmed
Karnal Motors Pvt Ltd                   Electronic Dealer  CRISIL BBB     200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Karnal Motors Pvt Ltd                   Proposed LT Bk     CRISIL BBB     50      Reaffirmed
                                        Loan Fac
Katyayni Contractors Pvt Ltd            Proposed CC Limit  CRISIL BB-     50      Assigned
KVR Autocars Pvt Ltd                    CC                 CRISIL BB      20      Reaffirmed
KVR Autocars Pvt Ltd                    Inventory Funding  CRISIL BB      180     Reaffirmed
                                        Fac
KVR Cars                                CC                 CRISIL BB      70      Reaffirmed
KVR Cars                                Overdraft          CRISIL BB      50      Reaffirmed
Lamina Foundries Ltd                    CC                 CRISIL BB-     85.5    Reaffirmed
Lamina Foundries Ltd                    Fund & NFBL        CRISIL BB-     64.2    Reaffirmed
Lamina Foundries Ltd                    Proposed LT Bk     CRISIL BB-     22.6    Reaffirmed
                                        Loan Fac
Lamina Foundries Ltd                    WC Demand Loan     CRISIL BB-     34.7    Reaffirmed
Lamina Suspension Products Ltd          Overdraft          CRISIL BB-     92      Reaffirmed
Lamina Suspension Products Ltd          Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan Fac
LSR Forge Pvt Ltd                       CC                 CRISIL BB+     75      Upgraded from
                                                                                  CRISIL B+
LSR Forge Pvt Ltd                       Proposed LT Bk     CRISIL BB+     125     Upgraded from
                                        Loan Fac                                  CRISIL B+
M C Medical Services Pvt Ltd            CC                 CRISIL B       20      Reaffirmed
M C Medical Services Pvt Ltd            LT Loan            CRISIL B       82      Reaffirmed
M C Medical Services Pvt Ltd            Proposed LT Bk     CRISIL B       23      Reaffirmed
                                        Loan Fac
M C Medical Services Pvt Ltd            CC                 CRISIL B       20      Reaffirmed
M C Medical Services Pvt Ltd            LT Loan            CRISIL B       82      Reaffirmed
M C Medical Services Pvt Ltd            Proposed LT Bk     CRISIL B       23      Reaffirmed
                                        Loan Fac
M/s. L. G. Chaudhary                    CC                 CRISIL BB+     15      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Magbro Healthcare Pvt Ltd               CC                 CRISIL B-      70      Reaffirmed
Mahindra and Mahindra Financial         CC                 CRISIL AA+     19570   Reaffirmed
Services Ltd
Mahindra and Mahindra Financial         LT Bk Fac          CRISIL AA+     131647  Reaffirmed
Services Ltd
Mahindra and Mahindra Financial         Proposed LT Bk     CRISIL AA+     40843   Reaffirmed
Services Ltd                            Loan Fac
Maruti Educational Trust                TL                 CRISIL B       82.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Maruti Educational Trust                TL                 CRISIL B       82.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Mecwel Constructions                    CC/ Overdraft Fac  CRISIL BB-     130     Upgraded from
                                                                                  CRISIL B+
Mecwel Constructions                    Proposed LT Bk     CRISIL BB-     90      Upgraded from
                                        Loan Fac                                  CRISIL B+
Modi-Mundipharma Pvt Ltd                CC                 CRISIL BBB+    484.5   Reaffirmed
Modi-Mundipharma Pvt Ltd                TL                 CRISIL BBB+    28.2    Reaffirmed
Nuvoco Vistas Corporation Ltd           CC & WC demand     CRISIL AA      375     Withdrawal
                                        loan^
^Interchangeable with bank guarantee/letter of credit 
Nuvoco Vistas Corporation Ltd           Proposed WC Fac    CRISIL AA      500     Reaffirmed
Nuvoco Vistas Corporation Ltd           WC Demand Loan     CRISIL AA      200     Reaffirmed
Nuvoco Vistas Corporation Ltd           CC & WC demand loanCRISIL AA      250     Reaffirmed
Regin Agency                            CC                 CRISIL BB      120     Reaffirmed
Regin Agency                            Key CC             CRISIL BB      100     Assigned
Regin Exports                           CC                 CRISIL BB      70      Reaffirmed
Regin Exports                           Key CC             CRISIL BB      70      Reaffirmed
Regin Exports                           Proposed LT Bk     CRISIL BB      30      Reaffirmed
                                        Loan Fac
RSL Distilleries (P) Ltd                CC                 CRISIL B-      100     Downgraded
                                                                                  from CRISIL B
RSL Distilleries (P) Ltd                Rupee TL           CRISIL B-      733     Downgraded
                                                                                  from CRISIL B
Secunderabad Hotels Pvt Ltd             LT Loan            CRISIL BBB-    321.3   Reaffirmed
Secunderabad Hotels Pvt Ltd             Proposed LT Bk     CRISIL BBB-    11.2    Reaffirmed
                                        Loan Fac
SESA International Ltd                  CC                 CRISIL BB+     450     Reaffirmed
SESA International Ltd                  Proposed LT Bk     CRISIL BB+     555     Reaffirmed
                                        Loan Fac
Shiva Engineering Works                 CC                 CRISIL BB      25      Reaffirmed
Shiva Engineering Works                 Proposed LT Bk     CRISIL BB      17      Reaffirmed
                                        Loan Fac
Shree Aryalakshmi Steel Pvt Ltd         Proposed LT Bk     CRISIL BB-     400     Assigned
                                        Loan Fac
Siddharth Industries                    CC                 CRISIL B       45      Reaffirmed
Siddharth Industries                    Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Sun Direct TV Pvt Ltd                   LT Loan*           CRISIL BBB+    1500    Upgraded from
                                                                                  CRISIL BBB
*Interchangeable with cash credit/overdraft facility to the extent of Rs.30 crore.
Sun Direct TV Pvt Ltd                   LT Loan**          CRISIL BBB+    750     Upgraded from
                                                                                  CRISIL BBB
**Interchangeable with cash credit/overdraft facility to the extent of Rs.20 crore.
Sun Direct TV Pvt Ltd                   LT Loan***         CRISIL BBB+    2500    Upgraded from
                                                                                  CRISIL BBB
***Interchangeable with cash credit/overdraft facility to the extent of Rs.51 crore.
Sun Direct TV Pvt Ltd                   LT Loan#           CRISIL BBB+    1500    Upgraded from
                                                                                  CRISIL BBB
#Interchangeable with cash credit/overdraft facility to the extent of Rs.30 crore.
Sun Direct TV Pvt Ltd                   LT Loan##          CRISIL BBB+    1000    Upgraded from
                                                                                  CRISIL BBB
##Interchangeable with cash credit/overdraft facility to the extent of Rs.20 crore.
Sun Direct TV Pvt Ltd                   LT Loan            CRISIL BBB+    4500    Upgraded from
                                                                                  CRISIL BBB
Sun Direct TV Pvt Ltd                   Proposed LT Bk     CRISIL BBB+    250     Upgraded from
                                        Loan Fac                                  CRISIL BBB
The Fabricators (India)                 CC                 CRISIL B       20      Assigned
Trinity Global - Alappuzha              CC                 CRISIL B       110     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Turakhia Polymers Pvt Ltd               CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
V.S.Engineering Pvt Ltd                 CC                 CRISIL B       70      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               Proposed CC Limit  CRISIL B       50      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Vijayawada Hospitalities Pvt Ltd        LT Loan            CRISIL BB+     88.2    Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Proposed LT Bk     CRISIL BB+     9.3     Reaffirmed
                                        Loan Fac
Vinod H Patel                           CC                 CRISIL B       42.5    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        Bill Discounting   CRISIL B       20      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Warkem Biotech Pvt Ltd                  CC*                CRISIL A-      70      Reaffirmed
*Interchangeable with book debt of Rs 2 crore, export packing credit of Rs 0.5 crore, export
bill discounting of Rs 0.5 crore, letter of credit of Rs 2 crore, and buyers' credit of Rs 1.5
crore.
Warkem Biotech Pvt Ltd                  Proposed LT Bk     CRISIL A-      88      Reaffirmed
                                        Loan Fac
Win-Medicare Pvt Ltd                    Bill Discounting   CRISIL BBB+    100     Reaffirmed
Win-Medicare Pvt Ltd                    CC                 CRISIL BBB+    813.5   Reaffirmed
Win-Medicare Pvt Ltd                    Proposed FB Bk     CRISIL BBB+    168.8   Reaffirmed
                                        Limits
Win-Medicare Pvt Ltd                    TL                 CRISIL BBB+    102.7   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-CRISIL ratings for Indian debt instruments-May 23

    May 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 22, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aryan Granites and Monuments Pvt Ltd    BG                 CRISIL A3      5       Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Foreign Bill       CRISIL A3      65      Reaffirmed
                                        Discounting
Aryan Granites and Monuments Pvt Ltd    LOC                CRISIL A3      20      Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Standby Line of    CRISIL A3      30      Reaffirmed
                                        Credit
Ascent e-Digit Solutions Pvt Ltd        BG                 CRISIL A4+     80      Reaffirmed
Ascent e-Digit Solutions Pvt Ltd        LOC                CRISIL A4+     10      Reaffirmed
B. Patel Infrastructure Pvt Ltd         BG                 CRISIL A4+     230     Reaffirmed
Basant                                  Proposed Export    CRISIL A4+     55      Assigned
                                        Packing Credit
Christy Apparels                        BG                 CRISIL A4+     1.2     Reaffirmed
Christy Apparels                        Packing Credit     CRISIL A4+     37      Reaffirmed
Divine Constructions                    BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Envirad Projects Pvt Ltd                BG                 CRISIL A4+     300     Reaffirmed
H. P. Zala                              BG                 CRISIL A4      20      Reaffirmed
Highway Engineering Consultant          BG                 CRISIL A4+     12      Assigned
HiMedia Laboratories Pvt Ltd            BG                 CRISIL A1      20      Reaffirmed
HiMedia Laboratories Pvt Ltd            LOC**              CRISIL A1      60      Reaffirmed
Janki Dass Rice Mills                   Packing Credit     CRISIL A4+     450     Reaffirmed
Jayachandran Industries Pvt Ltd         Foreign Bill       CRISIL A4      30      Reaffirmed
                                        Negotiation
Jayesh Industries Ltd                   BG                 CRISIL A4      2       Reaffirmed
Issuer Not Cooperating
Juniper Constructions Pvt Ltd           BG                 CRISIL A4+     45      Reaffirmed
Lamina Foundries Ltd                    Foreign Bill       CRISIL A4+     9.1     Reaffirmed
                                        Purchase
Lamina Foundries Ltd                    LOC & BG           CRISIL A4+     54.7    Reaffirmed
Lamina International                    Export Packing     CRISIL A4+     18.5    Reaffirmed
                                        Credit
Lamina International                    Foreign Bill       CRISIL A4+     60      Reaffirmed
                                        Purchase
Lamina Suspension Products Ltd          Bill Discounting   CRISIL A4+     19      Reaffirmed
Lamina Suspension Products Ltd          LOC                CRISIL A4+     163.5   Reaffirmed
M/s. L. G. Chaudhary                    BG                 CRISIL A4+     235     Downgraded
                                                                                  from CRISIL A3
Magbro Healthcare Pvt Ltd               LOC                CRISIL A4      20      Reaffirmed
Mahindra and Mahindra Financial         ST Bk Fac          CRISIL A1+     14370   Reaffirmed
Services Ltd
Maruti Educational Trust                Overdraft          CRISIL A4      37.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Maruti Educational Trust                Overdraft          CRISIL A4      37.5    Downgraded
                                                           (Issuer Not            from CRISIL
                                                           Cooperating)           A4+
Issuer Not Cooperating
Mecwel Constructions                    BG                 CRISIL A4+     30      Upgraded from
                                                                                  CRISIL A4
Modi-Mundipharma Pvt Ltd                BG                 CRISIL A2      6       Reaffirmed
Modi-Mundipharma Pvt Ltd                Buyer`s Credit     CRISIL A2      31.3    Reaffirmed
Nuvoco Vistas Corporation Ltd           BG                 CRISIL A1+     110.5   Reaffirmed
Nuvoco Vistas Corporation Ltd           LOC & BG*          CRISIL A1+     2000    Reaffirmed
Nuvoco Vistas Corporation Ltd           LT Loan            CRISIL A1+     3000    Withdrawal
Nuvoco Vistas Corporation Ltd           Overdraft^         CRISIL A1+     250     Reaffirmed
Nuvoco Vistas Corporation Ltd           Overdraft          CRISIL A1+     350     Reaffirmed
Secunderabad Hotels Pvt Ltd             BG                 CRISIL A3      20      Reaffirmed
Secunderabad Hotels Pvt Ltd             Overdraft          CRISIL A3      97.5    Reaffirmed
SESA International Ltd                  LOC                CRISIL A4+     920     Reaffirmed
Shiva Engineering Works                 BG                 CRISIL A4+     40      Reaffirmed
Shiva Engineering Works                 LOC                CRISIL A4+     20      Reaffirmed
Siddharth Industries                    BG                 CRISIL A4      35      Reaffirmed
Siddharth Industries                    LOC                CRISIL A4      15      Reaffirmed
Techno Exports                          Export Packing     CRISIL A4      59      Reaffirmed
                                        Credit
Techno Exports                          Proposed Export    CRISIL A4      21      Reaffirmed
                                        Packing Credit
The Fabricators (India)                 BG                 CRISIL A4      42.5    Assigned
Trinity Global - Alappuzha              BG                 CRISIL A4      6       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Turakhia Polymers Pvt Ltd               BG                 CRISIL A4      100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
V.S.Engineering Pvt Ltd                 BG                 CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating

Vijayawada Hospitalities Pvt Ltd        BG                 CRISIL A4+     7.5     Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Overdraft          CRISIL A4+     10      Reaffirmed
Vinod H Patel                           BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        BG                 CRISIL A4      15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Win-Medicare Pvt Ltd                    BG                 CRISIL A2      15      Reaffirmed


LONG TERM RATINGS:
-------------------
Aditya Birla Nuvo Ltd                   NCD                CRISIL AA+     2000    Rating Watch
                                                                                  with Positive
                                                                                  Implications
Amrit Agencies (Indore) Pvt Ltd         CC                 CRISIL BB      150     Assigned
Arihant Syncotex Mills Pvt Ltd          CC                 CRISIL BB-     300     Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Export Packing     CRISIL BBB-    145     Reaffirmed
                                        Credit
Aryan Granites and Monuments Pvt Ltd    Foreign Currency TLCRISIL BBB-    180     Reaffirmed
Aryan Granites and Monuments Pvt Ltd    Proposed LT Bk     CRISIL BBB-    111     Reaffirmed
                                        Loan Fac
Ascent e-Digit Solutions Pvt Ltd        CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Ascent e-Digit Solutions Pvt Ltd        Proposed WC Fac    CRISIL BB      1.3     Upgraded from
                                                                                  CRISIL BB-
B. Patel Infrastructure Pvt Ltd         CC                 CRISIL BB      65      Upgraded from
                                                                                  CRISIL BB-
B. Patel Infrastructure Pvt Ltd         TL                 CRISIL BB      5       Upgraded from
                                                                                  CRISIL BB-
Balajee Hitec Rolling Pvt Ltd           CC                 CRISIL BB      87.5    Reaffirmed
Balajee Hitec Rolling Pvt Ltd           Proposed FB Bk     CRISIL BB      79.9    Reaffirmed
                                        Limits
Basant                                  Proposed LT Bk     CRISIL BB      135     Assigned
                                        Loan Fac
Basant                                  Export Packing     CRISIL BB      60      Assigned
                                        Credit
Bhatia Wine Merchants Pvt Ltd           CC                 CRISIL BBB-    250     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Bhatia Wine Merchants Pvt Ltd           TL                 CRISIL BBB-    450     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Bhopal Dhule Transmission Co. Ltd       External           CRISIL AAA     2782.5  Upgraded from
                                        Commercial                                CRISIL AA-
                                        Borrowings
Bhopal Dhule Transmission Co. Ltd       TL*                CRISIL AAA     13800   Upgraded from
                                                                                  CRISIL AA-
* to be withdrawn once these loans are repaid and no dues certificates regarding the same are
received from the bankers
Christy Apparels                        Bill Discounting   CRISIL BB-     30      Reaffirmed
Christy Apparels                        CC                 CRISIL BB-     32.5    Reaffirmed
Christy Apparels                        LT Loan            CRISIL BB-     49.3    Reaffirmed
Divine Constructions                    CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Envirad Projects Pvt Ltd                CC                 CRISIL BB      50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Gajra Differential Gears Ltd            CC                 CRISIL C       101     Assigned
H. P. Zala                              CC                 CRISIL B-      50      Reaffirmed
Highway Engineering Consultant          Proposed CC Limit  CRISIL BB      48      Assigned
Highway Engineering Consultant          Proposed BG        CRISIL BB      238     Assigned
Highway Engineering Consultant          CC                 CRISIL BB      2       Assigned
HiMedia Laboratories Pvt Ltd            CC*                CRISIL A       480     Reaffirmed
*Interchangeable with book debt of Rs 16 crore, export packing credit of Rs 30 crore, export
bill negotiation/export bill discounting of Rs 30 
HiMedia Laboratories Pvt Ltd            Packing Credit In  CRISIL A       80      Reaffirmed
                                        Foriegn Currency @$
@Interchangeable with standby letter of credit of Rs 6 crore
$Fully interchangeable with post shipment credit in foreign currency, cash credit, working
capital demand loan, letter of credit, import letter of credit, buyer's credit
HiMedia Laboratories Pvt Ltd            Proposed LT Bk     CRISIL A       778.9   Reaffirmed
                                        Loan Fac
HiMedia Laboratories Pvt Ltd            TL                 CRISIL A       431.1   Assigned
Jaika Automobiles Pvt Ltd               CC                 CRISIL BB      150     Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               Inventory Funding  CRISIL BB      70      Upgraded from
                                        Fac                                       CRISIL BB-
Jaika Automobiles Pvt Ltd               TL                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               CC                 CRISIL BB      150     Upgraded from
                                                                                  CRISIL BB-
Jaika Automobiles Pvt Ltd               Inventory Funding  CRISIL BB      70      Upgraded from
                                        Fac                                       CRISIL BB-
Jaika Automobiles Pvt Ltd               TL                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Janki Dass Rice Mills                   CC                 CRISIL BB      150     (Upgraded
                                                                                  from CRISIL
                                                                                  BB-
Jayachandran Industries Pvt Ltd         Bill Discounting   CRISIL B+      40      Upgraded from
                                                                                  CRISIL B
Jayachandran Industries Pvt Ltd         CC                 CRISIL B+      64      Upgraded from
                                                                                  CRISIL B
Jayachandran Industries Pvt Ltd         Proposed FB Bk     CRISIL B+      97.7    Upgraded from
                                        Limits                                    CRISIL B
Jayachandran Industries Pvt Ltd         TL                 CRISIL B+      3.8     Upgraded from
                                                                                  CRISIL B
Jayesh Distributors                     CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Jayesh Distributors                     Export Packing     CRISIL BB-     10      Downgraded
                                        Credit                                    from CRISIL BB
Issuer Not Cooperating
Jayesh Industries Ltd                   Buyer`s Credit     CRISIL B-      50      Reaffirmed
Issuer Not Cooperating
Jayesh Industries Ltd                   CC                 CRISIL B-      102.5   Reaffirmed
Issuer Not Cooperating
Jayesh Industries Ltd                   Proposed LT Bk     CRISIL B-      34.9    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jayesh Industries Ltd                   Standby Line of    CRISIL B-      10      Reaffirmed
                                        Credit
Issuer Not Cooperating
Juniper Constructions Pvt Ltd           CC                 CRISIL BB-     30      Reaffirmed
Juniper Constructions Pvt Ltd           Proposed LT Bk     CRISIL BB-     3.9     Reaffirmed
                                        Loan Fac
Karnal Motors Pvt Ltd                   CC                 CRISIL BBB     100     Reaffirmed
Karnal Motors Pvt Ltd                   Electronic Dealer  CRISIL BBB     200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Karnal Motors Pvt Ltd                   Proposed LT Bk     CRISIL BBB     50      Reaffirmed
                                        Loan Fac
Katyayni Contractors Pvt Ltd            Proposed CC Limit  CRISIL BB-     50      Assigned
KVR Autocars Pvt Ltd                    CC                 CRISIL BB      20      Reaffirmed
KVR Autocars Pvt Ltd                    Inventory Funding  CRISIL BB      180     Reaffirmed
                                        Fac
KVR Cars                                CC                 CRISIL BB      70      Reaffirmed
KVR Cars                                Overdraft          CRISIL BB      50      Reaffirmed
Lamina Foundries Ltd                    CC                 CRISIL BB-     85.5    Reaffirmed
Lamina Foundries Ltd                    Fund & NFBL        CRISIL BB-     64.2    Reaffirmed
Lamina Foundries Ltd                    Proposed LT Bk     CRISIL BB-     22.6    Reaffirmed
                                        Loan Fac
Lamina Foundries Ltd                    WC Demand Loan     CRISIL BB-     34.7    Reaffirmed
Lamina Suspension Products Ltd          Overdraft          CRISIL BB-     92      Reaffirmed
Lamina Suspension Products Ltd          Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan Fac
LSR Forge Pvt Ltd                       CC                 CRISIL BB+     75      Upgraded from
                                                                                  CRISIL B+
LSR Forge Pvt Ltd                       Proposed LT Bk     CRISIL BB+     125     Upgraded from
                                        Loan Fac                                  CRISIL B+
M C Medical Services Pvt Ltd            CC                 CRISIL B       20      Reaffirmed
M C Medical Services Pvt Ltd            LT Loan            CRISIL B       82      Reaffirmed
M C Medical Services Pvt Ltd            Proposed LT Bk     CRISIL B       23      Reaffirmed
                                        Loan Fac
M C Medical Services Pvt Ltd            CC                 CRISIL B       20      Reaffirmed
M C Medical Services Pvt Ltd            LT Loan            CRISIL B       82      Reaffirmed
M C Medical Services Pvt Ltd            Proposed LT Bk     CRISIL B       23      Reaffirmed
                                        Loan Fac
M/s. L. G. Chaudhary                    CC                 CRISIL BB+     15      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Magbro Healthcare Pvt Ltd               CC                 CRISIL B-      70      Reaffirmed
Mahindra and Mahindra Financial         CC                 CRISIL AA+     19570   Reaffirmed
Services Ltd
Mahindra and Mahindra Financial         LT Bk Fac          CRISIL AA+     131647  Reaffirmed
Services Ltd
Mahindra and Mahindra Financial         Proposed LT Bk     CRISIL AA+     40843   Reaffirmed
Services Ltd                            Loan Fac
Maruti Educational Trust                TL                 CRISIL B       82.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Maruti Educational Trust                TL                 CRISIL B       82.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Mecwel Constructions                    CC/ Overdraft Fac  CRISIL BB-     130     Upgraded from
                                                                                  CRISIL B+
Mecwel Constructions                    Proposed LT Bk     CRISIL BB-     90      Upgraded from
                                        Loan Fac                                  CRISIL B+
Modi-Mundipharma Pvt Ltd                CC                 CRISIL BBB+    484.5   Reaffirmed
Modi-Mundipharma Pvt Ltd                TL                 CRISIL BBB+    28.2    Reaffirmed
Nuvoco Vistas Corporation Ltd           CC & WC demand     CRISIL AA      375     Withdrawal
                                        loan^
^Interchangeable with bank guarantee/letter of credit 
Nuvoco Vistas Corporation Ltd           Proposed WC Fac    CRISIL AA      500     Reaffirmed
Nuvoco Vistas Corporation Ltd           WC Demand Loan     CRISIL AA      200     Reaffirmed
Nuvoco Vistas Corporation Ltd           CC & WC demand loanCRISIL AA      250     Reaffirmed
Regin Agency                            CC                 CRISIL BB      120     Reaffirmed
Regin Agency                            Key CC             CRISIL BB      100     Assigned
Regin Exports                           CC                 CRISIL BB      70      Reaffirmed
Regin Exports                           Key CC             CRISIL BB      70      Reaffirmed
Regin Exports                           Proposed LT Bk     CRISIL BB      30      Reaffirmed
                                        Loan Fac
RSL Distilleries (P) Ltd                CC                 CRISIL B-      100     Downgraded
                                                                                  from CRISIL B
RSL Distilleries (P) Ltd                Rupee TL           CRISIL B-      733     Downgraded
                                                                                  from CRISIL B
Secunderabad Hotels Pvt Ltd             LT Loan            CRISIL BBB-    321.3   Reaffirmed
Secunderabad Hotels Pvt Ltd             Proposed LT Bk     CRISIL BBB-    11.2    Reaffirmed
                                        Loan Fac
SESA International Ltd                  CC                 CRISIL BB+     450     Reaffirmed
SESA International Ltd                  Proposed LT Bk     CRISIL BB+     555     Reaffirmed
                                        Loan Fac
Shiva Engineering Works                 CC                 CRISIL BB      25      Reaffirmed
Shiva Engineering Works                 Proposed LT Bk     CRISIL BB      17      Reaffirmed
                                        Loan Fac
Shree Aryalakshmi Steel Pvt Ltd         Proposed LT Bk     CRISIL BB-     400     Assigned
                                        Loan Fac
Siddharth Industries                    CC                 CRISIL B       45      Reaffirmed
Siddharth Industries                    Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Sun Direct TV Pvt Ltd                   LT Loan*           CRISIL BBB+    1500    Upgraded from
                                                                                  CRISIL BBB
*Interchangeable with cash credit/overdraft facility to the extent of Rs.30 crore.
Sun Direct TV Pvt Ltd                   LT Loan**          CRISIL BBB+    750     Upgraded from
                                                                                  CRISIL BBB
**Interchangeable with cash credit/overdraft facility to the extent of Rs.20 crore.
Sun Direct TV Pvt Ltd                   LT Loan***         CRISIL BBB+    2500    Upgraded from
                                                                                  CRISIL BBB
***Interchangeable with cash credit/overdraft facility to the extent of Rs.51 crore.
Sun Direct TV Pvt Ltd                   LT Loan#           CRISIL BBB+    1500    Upgraded from
                                                                                  CRISIL BBB
#Interchangeable with cash credit/overdraft facility to the extent of Rs.30 crore.
Sun Direct TV Pvt Ltd                   LT Loan##          CRISIL BBB+    1000    Upgraded from
                                                                                  CRISIL BBB
##Interchangeable with cash credit/overdraft facility to the extent of Rs.20 crore.
Sun Direct TV Pvt Ltd                   LT Loan            CRISIL BBB+    4500    Upgraded from
                                                                                  CRISIL BBB
Sun Direct TV Pvt Ltd                   Proposed LT Bk     CRISIL BBB+    250     Upgraded from
                                        Loan Fac                                  CRISIL BBB
The Fabricators (India)                 CC                 CRISIL B       20      Assigned
Trinity Global - Alappuzha              CC                 CRISIL B       110     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Turakhia Polymers Pvt Ltd               CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
V.S.Engineering Pvt Ltd                 CC                 CRISIL B       70      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               Proposed CC Limit  CRISIL B       50      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vijayant Agencies Pvt Ltd               Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Vijayawada Hospitalities Pvt Ltd        LT Loan            CRISIL BB+     88.2    Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Proposed LT Bk     CRISIL BB+     9.3     Reaffirmed
                                        Loan Fac
Vinod H Patel                           CC                 CRISIL B       42.5    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        Bill Discounting   CRISIL B       20      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vrinda Nano Technologies Pvt Ltd        CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Warkem Biotech Pvt Ltd                  CC*                CRISIL A-      70      Reaffirmed
*Interchangeable with book debt of Rs 2 crore, export packing credit of Rs 0.5 crore, export
bill discounting of Rs 0.5 crore, letter of credit of Rs 2 crore, and buyers' credit of Rs 1.5
crore.
Warkem Biotech Pvt Ltd                  Proposed LT Bk     CRISIL A-      88      Reaffirmed
                                        Loan Fac
Win-Medicare Pvt Ltd                    Bill Discounting   CRISIL BBB+    100     Reaffirmed
Win-Medicare Pvt Ltd                    CC                 CRISIL BBB+    813.5   Reaffirmed
Win-Medicare Pvt Ltd                    Proposed FB Bk     CRISIL BBB+    168.8   Reaffirmed
                                        Limits
Win-Medicare Pvt Ltd                    TL                 CRISIL BBB+    102.7   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)
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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  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
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