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CRISIL ratings for Indian debt instruments-Jun 3
June 3, 2014 / 4:42 AM / in 4 years

CRISIL ratings for Indian debt instruments-Jun 3

Jun 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 2, 2014.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ASG Leather Pvt Ltd                   Export Packing     CRISIL A4      55      Reaffirmed
                                      Credit
ASG Leather Pvt Ltd                   Foreign Bill       CRISIL A4      5       Reaffirmed
                                      Discounting
ASG Leather Pvt Ltd                   LOC                CRISIL A4      5       Reaffirmed
ASG Leather Pvt Ltd                   Proposed ST Bk     CRISIL A4      45      Reaffirmed
                                      Loan Fac
Canara Bank                           CDs                CRISIL A1+     500000  Reaffirmed
Competent Automobiles Company Ltd     BG                 CRISIL A3+     25      Reaffirmed
Competent Automobiles Company Ltd     LOC                CRISIL A3+     160     Reaffirmed
EPlus Projects Pvt Ltd                BG                 CRISIL A4      80      Reaffirmed
Essem Jute Industries Ltd             BG                 CRISIL A4+     4       Upgraded from
                                                                                CRISIL A4
Essem Jute Industries Ltd             LOC                CRISIL A4+     20      Upgraded from
                                                                                CRISIL A4
Hansco Iron and Steels Pvt Ltd        LOC                CRISIL A4+     30      Reaffirmed
INOX Leisure Ltd                      BG                 CRISIL A1+     114.1   Reaffirmed
INOX Leisure Ltd                      CP                 CRISIL A1+     2300    Assigned
J V Commodity Pvt Ltd                 BG                 CRISIL A4      200     Assigned
Maharaja Cotspin Ltd                  BG                 CRISIL A4      6       Reaffirmed
Maharaja Cotspin Ltd                  LOC                CRISIL A4      80      Reaffirmed
Mittal Corp Ltd                       LOC                CRISIL A3+     3440    Reaffirmed
RTS Power Corporation Ltd             BG                 CRISIL A4      411.5   Reaffirmed
RTS Power Corporation Ltd             LOC                CRISIL A4      356.6   Reaffirmed
Shree Automotive Pvt Ltd              BG                 CRISIL A4+     50      Suspended
Shri Karvir Nivasini Mahalaxmi Ispat  LOC                CRISIL A4      30      Downgraded
Pvt Ltd                                                                         from CRISIL
                                                                                A4+
Shriram Transport Finance Company Ltd BG                 CRISIL A1+     27575   Reaffirmed
Shriram Transport Finance Company Ltd ST Bk Fac          CRISIL A1+     11980   Reaffirmed
Shriram Transport Finance Company Ltd ST Debt Programme  CRISIL A1+     20000   Reaffirmed
Suraj Pulses                          BG                 CRISIL A4      30      Reaffirmed
Tirupati Balaji Extrusions Pvt Ltd    LOC                CRISIL A4      10      Reaffirmed
Vikas Road Carriers Ltd               BG                 CRISIL A4+     25      Reaffirmed
Vikas Road Carriers Ltd               Proposed BG        CRISIL A4+     15      Reaffirmed
VTC Engineering Pvt Ltd               BG                 CRISIL A4      70      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Shriram Transport Finance Company Ltd FD Programme       FAA+                   Reaffirmed
    
LONG TERM RATINGS:
-------------------
ASG Leather Pvt Ltd                   TL                 CRISIL B-      10      Reaffirmed
Balaji Cotton Trading Company         CC                 CRISIL B       150     Reaffirmed
Canara Bank                           Lower Tier-II BondsCRISIL AAA     34250   Reaffirmed
Canara Bank                           Upper Tier-II BondsCRISIL AAA     20000   Reaffirmed
Canara Bank                           Tier II Bonds      CRISIL AAA     25000   Reaffirmed
                                      (Under Basel III)
Canara Bank                           Perpetual Tier-I   CRISIL AAA     15896   Reaffirmed
                                      Bonds
Classic Wears Pvt Ltd                 BG                 CRISIL D       2       Reaffirmed
Classic Wears Pvt Ltd                 CC                 CRISIL D       90      Reaffirmed
Classic Wears Pvt Ltd                 Proposed LT Bk     CRISIL D       15.8    Reaffirmed
                                      Loan Fac
Classic Wears Pvt Ltd                 TL                 CRISIL D       92.2    Reaffirmed
Competent Automobiles Company Ltd     CC                 CRISIL BBB     135     Reaffirmed
Competent Automobiles Company Ltd     Inventory Funding  CRISIL BBB     20      Reaffirmed
                                      Fac
Competent Automobiles Company Ltd     Proposed LT Bk     CRISIL BBB     15.7    Reaffirmed
                                      Loan Fac
Competent Automobiles Company Ltd     TL                 CRISIL BBB     66.4    Reaffirmed
EPlus Projects Pvt Ltd                CC                 CRISIL B+      65      Upgraded from
                                                                                CRISIL B
EPlus Projects Pvt Ltd                Proposed CC Limit  CRISIL B+      5       Upgraded from
                                                                                CRISIL B
Essem Jute Industries Ltd             CC                 CRISIL BB-     55      Upgraded from
                                                                                CRISIL B+
Essem Jute Industries Ltd             TL                 CRISIL BB-     19      Upgraded from
                                                                                CRISIL B+
Global Trading Solutions Ltd          CC                 CRISIL B+      80      Downgraded
                                                                                from CRISIL
                                                                                BB-
Hansco Iron and Steels Pvt Ltd        CC                 CRISIL BB-     40      Reaffirmed
Hansco Iron and Steels Pvt Ltd        Proposed LT Bk     CRISIL BB-     28      Reaffirmed
                                      Loan Fac
Hansco Iron and Steels Pvt Ltd        TL                 CRISIL BB-     12      Reaffirmed
INOX Leisure Ltd                      Proposed LT Bk     CRISIL A+      4       Reaffirmed
                                      Loan Fac
INOX Leisure Ltd                      TL                 CRISIL A+      948.7   Reaffirmed
Ispat India                           CC                 CRISIL B+      115     Suspended
Ispat India                           TL                 CRISIL B+      35      Suspended
IUA Trust                             TL                 CRISIL B       75      Reaffirmed
Le Merite Exports Pvt Ltd             Export Packing     CRISIL BBB-    195     Reaffirmed
                                      Credit
Le Merite Exports Pvt Ltd             Proposed LT Bk     CRISIL BBB-    55      Reaffirmed
                                      Loan Fac
Maharaja Cotspin Ltd                  CC                 CRISIL B+      100     Reaffirmed
Maharaja Cotspin Ltd                  Proposed LT Bk     CRISIL B+      425     Reaffirmed
                                      Loan Fac

Maharaja Cotspin Ltd                  TL                 CRISIL B+      144     Reaffirmed
Master Chain Pvt Ltd                  CC*                CRISIL BB+     250     Reaffirmed
* Includes a sub limit for gold loan facilities of Rs.100.0 million.
Master Chain Pvt Ltd                  Proposed LT Bk     CRISIL BB+     40      Reaffirmed
                                      Loan Fac
Mittal Corp Ltd                       CC                 CRISIL BBB     1310    Reaffirmed
Mittal Corp Ltd                       TL                 CRISIL BBB     1145.8  Reaffirmed
MJR Rice Industries                   CC                 CRISIL D       50      Reaffirmed
MJR Rice Industries                   Proposed LT Bk     CRISIL D       35      Reaffirmed
                                      Loan Fac
PVR Ltd                               LT Loan            CRISIL A+      3483.3  Reaffirmed
PVR Ltd                               NCD                CRISIL A+      2300    Reaffirmed
PVR Ltd                               NCD                CRISIL A+      500     Reaffirmed
Raj-Ratan Castings Pvt Ltd            CC                 CRISIL BBB-    490     Upgraded from
                                                                                CRISIL BB+
Raj-Ratan Castings Pvt Ltd            Proposed LT Bk     CRISIL BBB-    50      Upgraded from
                                      Loan Fac                                  CRISIL BB+
Rathna Stores Pvt Ltd                 CC                 CRISIL D       870     Downgraded
                                                                                from CRISIL
                                                                                B+
Rathna Stores                         CC                 CRISIL D       360     Downgraded
                                                                                from CRISIL
                                                                                BB-
Rathna Stores                         LT Loan            CRISIL D       36      Downgraded
                                                                                from CRISIL
                                                                                BB-
Rathna Stores                         Overdraft Fac      CRISIL D       75      Downgraded
                                                                                from CRISIL
                                                                                BB-
Rathna Stores                         Proposed LT Bk     CRISIL D       29      Downgraded
                                      Loan Fac                                  from CRISIL
                                                                                BB-
RTS Power Corporation Ltd             CC                 CRISIL B+      217.4   Reaffirmed
RTS Power Corporation Ltd             Proposed LT Bk     CRISIL B+      10.5    Reaffirmed
                                      Loan Fac
RTS Power Corporation Ltd             TL                 CRISIL B+      35      Reaffirmed
Shree Automotive Pvt Ltd              CC                 CRISIL BB-     360     Suspended
Shri Karvir Nivasini Mahalaxmi Ispat  CC                 CRISIL B+      120     Downgraded
Pvt Ltd                                                                         from CRISIL
                                                                                BB-
Shri Karvir Nivasini Mahalaxmi Ispat  Proposed LT Bk     CRISIL B+      9.5     Downgraded
Pvt Ltd                               Loan Fac                                  from CRISIL
                                                                                BB-
Shri Karvir Nivasini Mahalaxmi Ispat  TL                 CRISIL B+      2.3     Downgraded
Pvt Ltd                                                                         from CRISIL
                                                                                BB-
Shriram Transport Finance Company Ltd BG                 CRISIL AA      8000    Reaffirmed
Shriram Transport Finance Company Ltd CC & WC demand loanCRISIL AA      60395   Reaffirmed
Shriram Transport Finance Company Ltd LT Bk Fac          CRISIL AA      88661.3 Reaffirmed
Shriram Transport Finance Company Ltd Proposed LT Bk     CRISIL AA      53388.7 Reaffirmed
                                      Loan Fac
Shriram Transport Finance Company Ltd NCD Issue          CRISIL AA      10000   Assigned
Shriram Transport Finance Company Ltd NCD                CRISIL AA      92800   Reaffirmed
Shriram Transport Finance Company Ltd Subordinated Debt  CRISIL AA      15000   Reaffirmed
                                      Issue (Tier-II
                                      Bonds) 
Sri Kailasanadha Cotton Syndicate (P) CC                 CRISIL B       80      Reaffirmed
Ltd
Suraj Pulses                          CC                 CRISIL B       120     Reaffirmed
Suraj Pulses                          Proposed LT Bk     CRISIL B       10      Reaffirmed
                                      Loan Fac
The Nagpur Ashok                      CC                 CRISIL B       3       Reaffirmed
The Nagpur Ashok                      TL                 CRISIL B       97      Reaffirmed
Tirupati Balaji Extrusions Pvt Ltd    CC                 CRISIL B       35      Reaffirmed
Tirupati Balaji Extrusions Pvt Ltd    TL                 CRISIL B       45      Reaffirmed
UNO Feeds                             CC                 CRISIL BB+     200     Upgraded from
                                                                                CRISIL BB-
UNO Feeds                             LT Loan            CRISIL BB+     50      Upgraded from
                                                                                CRISIL BB-
Vikas Road Carriers Ltd               CC                 CRISIL BB-     160     Reaffirmed
Vikas Road Carriers Ltd               Proposed CC Limit  CRISIL BB-     70      Reaffirmed
VTC Engineering Pvt Ltd               CC                 CRISIL B       70      Reaffirmed
VTC Engineering Pvt Ltd               CC/ Overdraft Fac  CRISIL B       25      Reaffirmed
VTC Engineering Pvt Ltd               Proposed LT Bk     CRISIL B       35      Reaffirmed
                                      Loan Fac
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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

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