May 26, 2017 / 4:50 AM / 3 months ago

CRISIL ratings for Indian debt instruments-May 26

    May 26 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 25, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A D Electro Steel Co Pvt Ltd            BG                 CRISIL A4      30      Reaffirmed
A D Electro Steel Co Pvt Ltd            Export Packing     CRISIL A4      10      Reaffirmed
                                        Credit
ACT Infraport Ltd                       BG                 CRISIL A4+     10      Downgraded
                                                                                  from CRISIL A3
Alfa Laval India Ltd                    CP                 CRISIL A1+     100     Assigned
Alfa Laval India Ltd                    BG                 CRISIL A1+     2695.5  Reaffirmed
Ambabhavani Fab Engineering Works LLP   BG                 CRISIL A4      15      Assigned
Avadh Alloys Pvt Ltd                    LOC**              CRISIL A4      15      Reaffirmed
**Sublimit of Rs. 0.50 crore - Bank Guarantee
Bhagwati Fats and Edible Oils Pvt Ltd   LOC                CRISIL A4      800     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
DCM Ltd                                 LOC & BG           CRISIL A3      132.5   Reaffirmed
Fiotex Cotspin Pvt Ltd                  BG                 CRISIL A4+     66      Assigned
Golf Ceramics Ltd                       BG                 CRISIL A3      50      Upgraded from
                                                                                  CRISIL A4+
Hy Link Overseas Pvt Ltd                LOC                CRISIL D       125     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Jai Prakash and Sons                    BG                 CRISIL A4+     150     Reaffirmed
Jai Prakash and Sons                    Overdraft          CRISIL A4+     15      Reaffirmed
Jayant Printery LLP                     BG                 CRISIL A4      25.5    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
K. Koteswara Reddy                      BG                 CRISIL A4      70      Reaffirmed
Issuer Not Cooperating
Ludhiana Steel Rolling Mills            Bill Discounting   CRISIL A4+     100     Reaffirmed
                                        under LOC
M.P. Agro Nutri Foods Ltd               BG                 CRISIL A3+     105     Assigned
M/s. A. C. Shaikh Contractor            BG                 CRISIL A4+     190     Reaffirmed
Mahadeva Steel Mills Pvt Ltd            BG                 CRISIL A4+     15      Reaffirmed
Maithri Drugs Pvt Ltd                   Import LOC Limit   CRISIL A3+     20      Assigned
Maithri Laboratories Pvt Ltd            LOC & BG           CRISIL A3+     20      Assigned
Malbros International Pvt Ltd           BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Malbros International Pvt Ltd           LOC                CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Maxop Engineering Company Pvt Ltd       BG                 CRISIL A3      4       Upgraded from
                                                                                  CRISIL A4
Maxop Engineering Company Pvt Ltd       Foreign Exchange   CRISIL A3      10.2    Upgraded from
                                        Forward                                   CRISIL A4
Maxop Engineering Company Pvt Ltd       LOC                CRISIL A3      60      Upgraded from
                                                                                  CRISIL A4
Maxop Engineering Company Pvt Ltd       Packing Credit in  CRISIL A3      200     Upgraded from
                                        Foreign Currency                          CRISIL A4
Maxop Engineering Company Pvt Ltd       Post Shipment      CRISIL A3      415     Upgraded from
                                        Credit                                    CRISIL A4
Mehta Tubes Ltd                         BG                 CRISIL A3      40      Upgraded from
                                                                                  CRISIL A4+
Mehta Tubes Ltd                         Bill Discounting   CRISIL A3      20      Upgraded from
                                        under LOC                                 CRISIL A4+
MSN Laboratories Pvt Ltd                LOC & BG           CRISIL A1      200     Assigned
MSN Organics Pvt Ltd                    LOC & BG           CRISIL A2      30      Assigned
MSN Pharmachem Pvt Ltd                  LOC                CRISIL A1      75      Assigned
MVPR Infrastructure Ltd                 BG                 CRISIL A4      40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
MVPR Infrastructure Ltd                 LOC                CRISIL A4      40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
MVPR Infrastructure Ltd                 Proposed LOC       CRISIL A4      60      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
NHS Industries                          Overdraft          CRISIL A4      25      Assigned
P.P.Kharpatil Constructions Pvt Ltd     BG                 CRISIL A3      331.2   Reaffirmed
Poct Services                           Proposed NFBL      CRISIL A3      92.5    Assigned
Poct Services                           Overdraft          CRISIL A3      27.5    Assigned
Poct Services                           BG                 CRISIL A3      90      Assigned
Pyro Telecom Solutions Pvt Ltd          BG                 CRISIL A4+     15      Assigned
R.J. Chatha Rice Mills                  Packing Credit     CRISIL A4      150     Reaffirmed
Salem Automech India Pvt Ltd            BG                 CRISIL A4      3.4     Reaffirmed
Issuer Not Cooperating
Salem Automech India Pvt Ltd            Proposed LOC       CRISIL A4      15      Reaffirmed
Issuer Not Cooperating
Sri Rajalakshmi Saw Mill - Tirunelveli  Foreign LOC        CRISIL A4      60      Assigned
Sterling Cast and Forge                 Packing Credit     CRISIL A4+     20      Assigned
Stone Wonders India Ltd                 BG                 CRISIL A4      5       Reaffirmed

Stone Wonders India Ltd                 Export Packing     CRISIL A4      15      Reaffirmed
                                        Credit
Stone Wonders India Ltd                 LOC                CRISIL A4      5       Reaffirmed
Sunag Engineering Pvt Ltd               Letter Of GuaranteeCRISIL A4      70      Reaffirmed
Super Gold Suitings Pvt Ltd             Standby Line of    CRISIL A3      20      Upgraded from
                                        Credit                                    CRISIL A4+
Valuepoint Systems Pvt Ltd              BG                 CRISIL A3      150     Upgraded from
                                                                                  CRISIL A4+
Veronica Marine Exports Pvt Ltd         BG                 CRISIL A4      5       Reaffirmed
Veronica Marine Exports Pvt Ltd         Export Packing     CRISIL A4      180     Reaffirmed
                                        Credit
Veronica Marine Exports Pvt Ltd         Foreign Bill       CRISIL A4      120     Reaffirmed
                                        Negotiation
Veronica Marine Exports Pvt Ltd         Foreign Bill       CRISIL A4      22      Reaffirmed
                                        Purchase
Windsor Refractories Ltd                BG                 CRISIL A4+     8       Reaffirmed
Windsor Refractories Ltd                Overdraft          CRISIL A4+     30      Reaffirmed
Windsor Refractories Ltd                Packing Credit     CRISIL A4+     35      Reaffirmed
Windsor Refractories Ltd                Proposed ST Bk     CRISIL A4+     17      Reaffirmed
                                        Loan Fac
LONG TERM RATINGS:
-------------------
A D Electro Steel Co Pvt Ltd            CC                 CRISIL B+      110     Reaffirmed
A D Electro Steel Co Pvt Ltd            Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
ACT Infraport Ltd                       CC                 CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
ACT Infraport Ltd                       CC*                CRISIL BB+     100     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
*Includes Rs 2 crore fully interchangeable with bank guarantee
ACT Infraport Ltd                       Proposed CC Limit  CRISIL BB+     440     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Agrawal Soya Extracts Pvt Ltd           CC                 CRISIL B+      70      Reaffirmed
Agrawal Soya Extracts Pvt Ltd           TL                 CRISIL B+      50      Reaffirmed
Alfa Laval India Ltd                    CC                 CRISIL AA+     277.1   Reaffirmed
Alliance Dental Care Ltd                Overdraft          CRISIL A       100     Reaffirmed
Alliance Dental Care Ltd                Proposed LT Bk     CRISIL A       175     Reaffirmed
                                        Loan Fac
Alliance Dental Care Ltd                Rupee TL           CRISIL A       225     Reaffirmed
Ambabhavani Fab Engineering Works LLP   CC                 CRISIL B+      45      Assigned
Angel Papers Pvt Ltd                    CC                 CRISIL B       30      Assigned
Angel Papers Pvt Ltd                    LT Loan            CRISIL B       60      Assigned
Ashwin Traders - Navi Mumbai            Proposed LT Bk     CRISIL BB-     20      Assigned
                                        Loan Fac
Ashwin Traders - Navi Mumbai            Buyer`s Credit     CRISIL BB-     40      Assigned
Ashwin Traders - Navi Mumbai            CC                 CRISIL BB-     40      Assigned
Avadh Alloys Pvt Ltd                    CC                 CRISIL B+      50      Upgraded from
                                                                                  CRISIL B
Avadh Alloys Pvt Ltd                    Proposed CC Limit  CRISIL B+      4.8     Upgraded from
                                                                                  CRISIL B
B.N.M. Hi- Tech Agro Industries         CC                 CRISIL B+      60      Assigned;
                                                                                  Suspension
                                                                                  Revoked
B.N.M. Hi- Tech Agro Industries         Proposed CC Limit  CRISIL B+      40      Assigned;
                                                                                  Suspension
                                                                                  Revoked
B.N.M. Hi- Tech Agro Industries         Proposed LT Bk     CRISIL B+      20      Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Bajpai Refrigeration and Bakers Company CC                 CRISIL B+      60      Reaffirmed
Bajpai Refrigeration and Bakers Company Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
Bajpai Refrigeration and Bakers Company TL                 CRISIL B+      37.5    Reaffirmed
Basant Betons                           CC                 CRISIL B       35      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Basant Betons                           LT Loan            CRISIL B       116.5   Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Basant Betons                           Proposed LT Bk     CRISIL B       143.5   Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Beena Steels                            Overdraft          CRISIL B       21      Downgraded
                                                                                  from CRISIL BB
Beena Steels                            Proposed WC Fac    CRISIL B       29      Downgraded
                                                                                  from CRISIL BB
Bhagwati Fats and Edible Oils Pvt Ltd   CC                 CRISIL B       45      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Bhagwati Fats and Edible Oils Pvt Ltd   Proposed LT Bk     CRISIL B       287     Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Bhagwati Fats and Edible Oils Pvt Ltd   TL                 CRISIL B       70      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Bhaskara Logistics                      Proposed LT Bk     CRISIL BB      29      Assigned
                                        Loan Fac
Bhaskara Logistics                      CC/ Overdraft Fac  CRISIL BB      15      Assigned
Bhaskara Logistics                      Cash TL            CRISIL BB      56      Assigned
Birla Sun Life Mutual Fund              Birla Sun Life     CRISIL AAAmfs          Reaffirmed
                                        Savings Fund
Birla Sun Life Mutual Fund              Birla Sun Life     CRISIL AAAmfs          Reaffirmed
                                        Income Plus
Birla Sun Life Mutual Fund              Birla Sun Life ST  CRISIL AAAmfs          Reaffirmed
                                        Fund
Birla Sun Life Mutual Fund              Birla Sun Life     CRISIL AAAmfs          Reaffirmed
                                        Treasury Optimizer
                                        Plan 
Ciscons Projects Pvt Ltd                BG                 CRISIL D       30      Reaffirmed
Issuer Not Cooperating
Ciscons Projects Pvt Ltd                Overdraft          CRISIL D       27.5    Reaffirmed
Issuer Not Cooperating
Ciscons Projects Pvt Ltd                Proposed LT Bk     CRISIL D       132.5   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Ciscons Projects Pvt Ltd                TL                 CRISIL D       10      Reaffirmed
Issuer Not Cooperating
DCM Ltd                                 Bill Discounting   CRISIL BBB-    750     Reaffirmed
DCM Ltd                                 CC                 CRISIL BBB-    1360    Reaffirmed
DCM Ltd                                 Proposed LT Bk     CRISIL BBB-    355.5   Reaffirmed
                                        Loan Fac
DCM Ltd                                 TL                 CRISIL BBB-    1160.8  Assigned
DHFL Vysya Housing Finance Ltd          LT Loan            CRISIL A+      472.4   Reaffirmed
Durga Hardware And Mill Store           CC                 CRISIL B+      60      Reaffirmed
Durga Hardware And Mill Store           Proposed LT Bk     CRISIL B+      65      Reaffirmed
                                        Loan Fac
Fiotex Cotspin Pvt Ltd                  LT Loan            CRISIL BB      1089    Assigned
Fiotex Cotspin Pvt Ltd                  CC                 CRISIL BB      225     Assigned
G. N. Pet                               CC                 CRISIL D       25      Reaffirmed
G. N. Pet                               Funded Interest TL CRISIL D       13.7    Reaffirmed
G. N. Pet                               Proposed LT Bk     CRISIL D       0.2     Reaffirmed
                                        Loan Fac
G. N. Pet                               TL                 CRISIL D       35.5    Reaffirmed
G. N. Pet                               WC TL              CRISIL D       25.6    Reaffirmed
Garib Nawaz Polymers Pvt Ltd            CC                 CRISIL D       35      Reaffirmed
Garib Nawaz Polymers Pvt Ltd            Funded Interest TL CRISIL D       11.4    Reaffirmed
Garib Nawaz Polymers Pvt Ltd            Proposed LT Bk     CRISIL D       12.4    Reaffirmed
                                        Loan Fac
Garib Nawaz Polymers Pvt Ltd            TL                 CRISIL D       24.2    Reaffirmed
Garib Nawaz Polymers Pvt Ltd            WC TL              CRISIL D       27      Reaffirmed
Ginger Properties Pvt Ltd               TL                 CRISIL B+      90      Assigned
Global Health Pvt Ltd                   LT Loan*           CRISIL A+      5000    Reaffirmed
*Rs.110 crore interchangeable with letter of credit/buyer's credit
Golf Ceramics Ltd                       CC                 CRISIL BBB-    130     Upgraded from
                                                                                  CRISIL BB+
Harsha Liners Pvt Ltd                   CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Harsha Liners Pvt Ltd                   LT Loan            CRISIL B       39.6    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Harsha Liners Pvt Ltd                   Proposed CC Limit  CRISIL B       20.4    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Hy Link Overseas Pvt Ltd                CC                 CRISIL D       85      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Hy Link Overseas Pvt Ltd                WC TL              CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Indian Spices - Navi Mumbai             Proposed LT Bk     CRISIL BB-     20      Assigned
                                        Loan Fac
Indian Spices - Navi Mumbai             Buyer`s Credit     CRISIL BB-     40      Assigned
Indian Spices - Navi Mumbai             CC                 CRISIL BB-     40      Assigned
Jai Prakash and Sons                    CC                 CRISIL BB+     15.5    Reaffirmed
Jai Prakash and Sons                    Proposed LT Bk     CRISIL BB+     7.5     Reaffirmed
                                        Loan Fac
Jai Prakash and Sons                    TL                 CRISIL BB+     2       Assigned
Jayant Printery LLP                     CC                 CRISIL B       52.5    Downgraded
                                                                                  from CRISIL B+
K. Koteswara Reddy                      Secured Overdraft  CRISIL B       40      Downgraded
                                        Fac                                       from CRISIL B+
Issuer Not Cooperating
KMB Granite Quarriers                   CC                 CRISIL D       200     Reaffirmed
Issuer Not Cooperating
Kumar Infratrade Enterprises Pvt Ltd    TL                 CRISIL B       110     Assigned
Kun United Car Trax Pvt Ltd             CC                 CRISIL BB      60      Reaffirmed
Kun United Car Trax Pvt Ltd             LT Loan            CRISIL BB      25      Assigned
Kun United Car Trax Pvt Ltd             Inventory Funding  CRISIL BB      415     Assigned
                                        Fac
Ludhiana Steel Rolling Mills            CC                 CRISIL BB+     240     Upgraded from
                                                                                  CRISIL BB-
M.P. Agro Nutri Foods Ltd               CC                 CRISIL BBB     250     Assigned
M/s. A. C. Shaikh Contractor            CC                 CRISIL BB+     110     Reaffirmed
M/s. A. C. Shaikh Contractor            TL                 CRISIL BB+     10      Reaffirmed
Mahadeva Steel Mills Pvt Ltd            CC                 CRISIL BB+     70      Upgraded from
                                                                                  CRISIL BB
Mahadeva Steel Mills Pvt Ltd            Proposed Fund-     CRISIL BB+     45      Upgraded from
                                        Based Bk Limits                           CRISIL BB
Maithri Drugs Pvt Ltd                   TL                 CRISIL BBB     70      Assigned
Maithri Drugs Pvt Ltd                   Proposed LT Bk     CRISIL BBB     20      Assigned
                                        Loan Fac
Maithri Drugs Pvt Ltd                   CC                 CRISIL BBB     30      Assigned
Maithri Laboratories Pvt Ltd            Proposed LT Bk     CRISIL BBB     30      Assigned
                                        Loan Fac
Maithri Laboratories Pvt Ltd            CC                 CRISIL BBB     90      Assigned
Malbros International Pvt Ltd           CC                 CRISIL B       330     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Malbros International Pvt Ltd           Proposed LT Bk     CRISIL B       151.9   Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Malbros International Pvt Ltd           TL                 CRISIL B       203.1   Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Maxop Engineering Company Pvt Ltd       CC                 CRISIL BBB-    60      Upgraded from
                                                                                  CRISIL BB
Maxop Engineering Company Pvt Ltd       Proposed LT Bk     CRISIL BBB-    24.6    Upgraded from
                                        Loan Fac                                  CRISIL BB
Maxop Engineering Company Pvt Ltd       TL                 CRISIL BBB-    243.4   Upgraded from
                                                                                  CRISIL BB
Medanta Holdings Pvt Ltd                LT Bk Fac          CRISIL BBB+    5000    Reaffirmed
Mehta Tubes Ltd                         Proposed LT Bk     -              385     Upgraded from
                                        Loan Fac                                  CRISIL BB+
Mehta Tubes Ltd                         CC                 CRISIL BBB-    365     Upgraded from
                                                                                  CRISIL BB+
Mehta Tubes Ltd                         Proposed LT Bk     CRISIL BBB-    75      Upgraded from
                                        Loan Fac                                  CRISIL BB+
Mehta Tubes Ltd                         TL                 CRISIL BBB-    300     Upgraded from
                                                                                  CRISIL BB+
MSN Laboratories Pvt Ltd                TL                 CRISIL A       1000    Assigned
MSN Laboratories Pvt Ltd                Proposed LT Bk     CRISIL A       200     Assigned
                                        Loan Fac
MSN Laboratories Pvt Ltd                CC                 CRISIL A       3000    Assigned
MSN Life Sciences Pvt Ltd               CC                 CRISIL BBB+    200     Assigned
MSN Life Sciences Pvt Ltd               TL                 CRISIL BBB+    1830    Assigned
MSN Organics Pvt Ltd                    TL                 CRISIL BBB+    120     Assigned
MSN Organics Pvt Ltd                    CC                 CRISIL BBB+    70      Assigned
MSN Pharmachem Pvt Ltd                  CC                 CRISIL A       510     Assigned
MVPR Infrastructure Ltd                 CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL BB
MVPR Infrastructure Ltd                 Proposed CC Limit  CRISIL B       60      Downgraded
                                                                                  from CRISIL BB
NHS Industries                          TL                 CRISIL B-      84      Assigned
P.P.Kharpatil Constructions Pvt Ltd     CC                 CRISIL BBB-    20      Reaffirmed
P.P.Kharpatil Constructions Pvt Ltd     TL                 CRISIL BBB-    23.8    Reaffirmed
Parijat Oil and Feeds Pvt Ltd           CC                 CRISIL B       45      Assigned
Parijat Oil and Feeds Pvt Ltd           TL                 CRISIL B       80      Assigned
PAS Trading House                       CC                 CRISIL B+      120     Reaffirmed
PAS Trading House                       LT Bk Fac          CRISIL B+      15      Reaffirmed
Poct Services                           Proposed Fund-     CRISIL BBB-    200     Assigned
                                        Based Bk Limits
Poct Services                           CC                 CRISIL BBB-    150     Assigned
Poct Services                           Bill Discounting   CRISIL BBB-    40      Assigned
Pyro Telecom Solutions Pvt Ltd          Proposed LT Bk     CRISIL BB-     4       Assigned
                                        Loan Fac
Pyro Telecom Solutions Pvt Ltd          CC                 CRISIL BB-     70      Assigned
Pyro Telecom Solutions Pvt Ltd          Bill Discounting   CRISIL BB-     20      Assigned
R. R. Developers                        Drop Line          CRISIL B+      100     Reaffirmed
                                        Overdraft Fac
R.J. Chatha Rice Mills                  CC                 CRISIL B+      70      Reaffirmed
R.J. Chatha Rice Mills                  Inventory Funding  CRISIL B+      100     Reaffirmed
                                        Fac
Richa Particle Board Pvt Ltd            CC                 CRISIL BB      45      Upgraded from
                                                                                  CRISIL BB-
Richa Particle Board Pvt Ltd            TL                 CRISIL BB      23.6    Upgraded from
                                                                                  CRISIL BB-
S.J. Exports                            Packing Credit     CRISIL B+      195     Reaffirmed
S.J. Exports                            Proposed LT Bk     CRISIL B+      55      Reaffirmed
                                        Loan Fac
Sai Udyog                               CC                 CRISIL BB      12.5    Upgraded from
                                                                                  CRISIL BB-
Sai Udyog                               TL                 CRISIL BB      52.5    Upgraded from
                                                                                  CRISIL BB-
Salem Automech India Pvt Ltd            CC                 CRISIL B       23      Reaffirmed
Salem Automech India Pvt Ltd            LT Loan            CRISIL B       55      Reaffirmed
Salem Automech India Pvt Ltd            Overdraft          CRISIL B       42      Reaffirmed
Salem Automech India Pvt Ltd            Proposed LT Bk     CRISIL B       21.6    Reaffirmed
                                        Loan Fac
Sankalp Venture LLP                     LT Loan            CRISIL B+      120     Assigned
Saras Hotels Pvt Ltd                    TL                 CRISIL D       150     Assigned
Shiv Cottex - Kadi                      CC                 CRISIL B+      70      Reaffirmed
Shiv Cottex - Kadi                      LT Loan            CRISIL B+      18      Reaffirmed
Shiv Cottex - Kadi                      Proposed LT Bk     CRISIL B+      12      Reaffirmed
                                        Loan Fac
Sky Wheels Pvt Ltd                      CC                 CRISIL BB-     20      Reaffirmed
Sky Wheels Pvt Ltd                      Electronic Dealer  CRISIL BB-     50      Reaffirmed
                                        Financing
                                        Scheme(e- DFS)
Sri Rajalakshmi Saw Mill - Tirunelveli  CC                 CRISIL B       10      Assigned
Sterling Cast and Forge                 LT Loan            CRISIL BB-     3       Assigned
Sterling Cast and Forge                 CC                 CRISIL BB-     10.5    Assigned
Sterling Cast and Forge                 Foreign Bill       CRISIL BB-     20      Assigned
                                        Purchase
Stone Wonders India Ltd                 Proposed LT Bk     CRISIL B       47.5    Reaffirmed
                                        Loan Fac
Sumita Tex Spin Pvt Ltd                 BG                 CRISIL D       25      Reaffirmed
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 CC                 CRISIL D       170     Reaffirmed
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 Funded Interest TL CRISIL D       67.7    Reaffirmed
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 LOC                CRISIL D       25      Reaffirmed
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 LT Loan            CRISIL D       253.9   Reaffirmed
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 Proposed LT Bk     CRISIL D       1022.8  Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Sumita Tex Spin Pvt Ltd                 WC TL              CRISIL D       435.6   Reaffirmed
Issuer Not Cooperating
Sundaram Multi Pap Ltd                  CC                 CRISIL B-      158.7   Upgraded from
                                                                                  CRISIL D
Sundaram Multi Pap Ltd                  Corporate Loan     CRISIL B-      157.5   Upgraded from
                                                                                  CRISIL D
Sundaram Multi Pap Ltd                  Funded Interest TL CRISIL B-      54.3    Upgraded from
                                                                                  CRISIL D
Sundaram Multi Pap Ltd                  Proposed LT Bk     CRISIL B-      79.5    Upgraded from
                                        Loan Fac                                  CRISIL D
Sunrise Industries                      CC@                CRISIL BB+     70      Reaffirmed
@Includes sublimit of Bank Guarantee of Rs.1.0 crore
Sunrise Industries                      Proposed LT Bk     CRISIL BB+     10      Reaffirmed
                                        Loan Fac
Super Gold Suitings Pvt Ltd             CC                 CRISIL BBB-    300     Upgraded from
                                                                                  CRISIL BB
Super Gold Suitings Pvt Ltd             Proposed TL        CRISIL BBB-    95      Upgraded from
                                                                                  CRISIL BB
Super Gold Suitings Pvt Ltd             TL                 CRISIL BBB-    490     Upgraded from
                                                                                  CRISIL BB
The Satya Educational Society           LT Loan            CRISIL BBB     250     Assigned
U. S. Metal Products                    CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
U. S. Metal Products                    LT Loan            CRISIL BB+     17      Upgraded from
                                                                                  CRISIL BB
Vardhman Industries Ltd                 CC                 CRISIL D       746.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Vardhman Industries Ltd                 LT Loan            CRISIL D       520.3   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Vardhman Industries Ltd                 Proposed LT Bk     CRISIL D       63.2    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Vasavi Pipes Pvt Ltd                    CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Vasavi Pipes Pvt Ltd                    Proposed LT Bk     CRISIL B       50      Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Valuepoint Systems Pvt Ltd              CC                 CRISIL BBB-    80      Upgraded from
                                                                                  CRISIL A4+
Valuepoint Systems Pvt Ltd              Proposed LT Bk     CRISIL BBB-    23.2    Upgraded from
                                        Loan Fac                                  CRISIL A4+
Valuepoint Systems Pvt Ltd              TL                 CRISIL BBB-    6.8     Upgraded from
                                                                                  CRISIL A4+
Vardhman Industries Ltd                 LOC                CRISIL D       470     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Veronica Marine Exports Pvt Ltd         LT Loan            CRISIL B       10.4    Reaffirmed

--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below