February 12, 2016 / 7:18 AM / 3 years ago

CRISIL ratings for Indian debt instruments-Feb 12

Feb 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 11, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A R Polymers Pvt Ltd                    LOC & BG*          CRISIL A4+     60      Assigned
*Includes sublimit Packing credit of Rs.45 Million
Aimil Ltd                               LOC & BG           CRISIL A3      120     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Aimil Ltd                               Standby Line of    CRISIL A3      30      Downgraded
                                        Credit                                    from CRISIL
                                                                                  A3+
Amartara Pvt Ltd                        BG                 CRISIL A4+     1       Reaffirmed
Ampo Valves India Pvt Ltd               Packing Credit     CRISIL A2      150     Reaffirmed
Antarctic Industries Ltd                LOC                CRISIL A4      72.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4
Arr Ess Industries Pvt Ltd              LOC                CRISIL A4      10      Reaffirmed
Avtar Steel Ltd                         LOC & BG           CRISIL A4+     115     Reaffirmed
Dodhia Synthetics Ltd                   BG                 CRISIL A4+     6.5     Reaffirmed
Dodhia Synthetics Ltd                   Packing Credit in  CRISIL A4+     485     Reaffirmed
                                        Foreign Currency
Drashti Innovative Syncotex Pvt. Ltd    BG                 CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Eastern Treads Ltd                      Inland/Import LOC  CRISIL A4+     10      Assigned
Eastern Treads Ltd                      BG                 CRISIL A4+     45      Assigned
India Japan Lighting Pvt Ltd            BG                 CRISIL A3+     156.5   Upgraded from
                                                                                  CRISIL A4+
India Japan Lighting Pvt Ltd            LOC*               CRISIL A3+     200     Upgraded from
                                                                                  CRISIL A4+
*Interchangeable with bank guarantee 
India Japan Lighting Pvt Ltd            Letter of Cred     CRISIL A3+     43.5    Upgraded from
                                                                                  CRISIL A4+
India Japan Lighting Pvt Ltd            ST Loan            CRISIL A3+     140     Upgraded from
                                                                                  CRISIL A4+
Jayshree Enterprises                    LOC                CRISIL A4+     40      Assigned
Ludhiana Steel Rolling Mills            LOC                CRISIL A4+     140     Reaffirmed
Matrix Fine Sciences Pvt Ltd            Packing Credit     CRISIL A4+     30      Reaffirmed
Meenu Creation                          Foreign Bill       CRISIL A4+     150     Reaffirmed
                                        Discounting
Meenu Creation                          Packing Credit     CRISIL A4+     450     Reaffirmed
Meenu Creation                          Proposed ST Bk     CRISIL A4+     50      Reaffirmed
                                        Loan Fac
Minmat Ferro Alloys Pvt Ltd             BG                 CRISIL A4+     1       Reaffirmed
Minmat Ferro Alloys Pvt Ltd             Bill Discounting   CRISIL A4+     10      Reaffirmed
Minmat Ferro Alloys Pvt Ltd             LOC                CRISIL A4+     25      Reaffirmed
Mohak Woollens Pvt Ltd                  BG                 CRISIL A4      6.7     Reassigned
MSS India Pvt Ltd                       BG                 CRISIL A2+     80      Reaffirmed
MSS India Pvt Ltd                       LOC                CRISIL A2+     60      Reaffirmed
MSS India Pvt Ltd                       ST Bk Fac          CRISIL A2+     28      Reaffirmed
NKS Construction And Engineers Pvt Ltd  BG                 CRISIL A4      130     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Om Parkash Surinder Mohan               BG                 CRISIL A4      40      Reaffirmed
Partap Fabrics Pvt Ltd                  BG                 CRISIL A3      18      Reaffirmed
Raghunath Agro Industries Pvt Ltd       LOC & BG           CRISIL A2      50      Assigned
S.K.Samanta and Co. Pvt Ltd             BG                 CRISIL A3+     750     Reaffirmed
Spenzzer Ceramic Pvt Ltd                BG                 CRISIL A4      10      Reassigned
Sri City Pvt Ltd                        BG*                CRISIL A3+     100     Reaffirmed
* Two-way interchangeability with Letter of Credit.
Sri City Pvt Ltd                        BG                 CRISIL A3+     100     Reaffirmed
Sri City Pvt Ltd                        LOC#               CRISIL A3+     100     Reaffirmed
# Two-way interchangeability with Bank Guarantee.
Sri City Pvt Ltd                        LOC & BG           CRISIL A3+     100     Reaffirmed
Sumatichand Gouti Jewellers Pvt Ltd     Proposed ST Bk     CRISIL A4+     1250    Reaffirmed
                                        Loan Fac
Sumatichand Gouti Jewellers Pvt Ltd     ST Bk Fac          CRISIL A4+     750     Reaffirmed
Surajmull Gouti                         BG                 CRISIL A4+     12.5    Reaffirmed
Surajmull Gouti                         Cheque Discounting CRISIL A4+     12.5    Reaffirmed
Surajmull Gouti                         Gold Loan          CRISIL A4+     552.5   Reaffirmed
Tadimety Aromatics Pvt Ltd              Packing Credit     CRISIL A4+     25      Assigned
Tadimety Aromatics Pvt Ltd              BG                 CRISIL A4+     20      Assigned
Vasupujya Filaments                     BG                 CRISIL A4+     1       Reaffirmed
VE-7 Ceramic                            BG                 CRISIL D       26.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4
Vin Semiconductors Pvt Ltd              Non-FBL            CRISIL A4+     47.5    Assigned
Voltech O and M Services Pvt Ltd        Proposed BG        CRISIL A4+     27.5    Assigned
Voltech O and M Services Pvt Ltd        BG                 CRISIL A4+     40      Assigned

LONG TERM RATINGS:
-------------------
A P Organics Ltd                        CC                 CRISIL BBB-    460     Reaffirmed
A P Organics Ltd                        Corporate Loan     CRISIL BBB-    50      Reaffirmed
A P Organics Ltd                        TL                 CRISIL BBB-    50      Reaffirmed
A R Polymers Pvt Ltd                    CC                 CRISIL BB      85      Assigned
Agrawal Soya Extracts Pvt Ltd           CC                 CRISIL B+      70      Assigned
Agrawal Soya Extracts Pvt Ltd           TL                 CRISIL B+      50      Assigned
Aimil Ltd                               CC                 CRISIL BBB-    380     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Aimil Ltd                               LT Loan            CRISIL BBB-    20      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Amartara Pvt Ltd                        Line of Credit**   CRISIL BB-     250     Reaffirmed
**includes Rs.60 million of cash credit limit

Amartara Pvt Ltd                        Proposed LT Bk     CRISIL BB-     44.6    Reaffirmed
                                        Loan Fac
Amartara Pvt Ltd                        TL                 CRISIL BB-     15.4    Assigned
Amartara Pvt Ltd                        Rupee TL           CRISIL BB-     3.8     Assigned
Antarctic Industries Ltd                Bill Discounting   CRISIL B+      80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Antarctic Industries Ltd                CC                 CRISIL B+      20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Antarctic Industries Ltd                Proposed LT Bk     CRISIL B+      27.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Arr Ess Industries Pvt Ltd              CC                 CRISIL B-      190     Reaffirmed
Avtar Steel Ltd                         CC                 CRISIL BB-     85      Reaffirmed
Bhanu Farms Ltd                         BG                 CRISIL D       41.2    Notice of
                                                                                  Withdrawal
Bhanu Farms Ltd                         CC                 CRISIL D       60      Notice of
                                                                                  Withdrawal
Bhanu Farms Ltd                         Proposed LT Bk     CRISIL D       2.3     Notice of
                                        Loan Fac                                  Withdrawal
Bhanu Farms Ltd                         TL                 CRISIL D       150     Reaffirmed
Bhopal Dhule Transmission Co. Ltd       External           CRISIL A-      2782.5  Upgraded from
                                        Commercial                                CRISIL BBB
                                        Borrowings
Bhopal Dhule Transmission Co. Ltd       TL                 CRISIL A-      13800   Upgraded from
                                                                                  CRISIL BBB
Bismillah Jewellers Pvt Ltd             CC                 CRISIL BB      80      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
CLP Wind Farms (Theni- Project II) Pvt  Proposed LT Bk     CRISIL A-      2100    Reaffirmed
Ltd                                     Loan Fac
Creaative Powertech Pvt Ltd             CC                 CRISIL B+      15      Assigned
Creaative Powertech Pvt Ltd             Proposed LT Bk     CRISIL B+      265     Assigned
                                        Loan Fac
Dodhia Synthetics Ltd                   CC                 CRISIL BB+     90      Reaffirmed
Dodhia Synthetics Ltd                   LT Loan            CRISIL BB+     424.6   Reaffirmed
Dodhia Synthetics Ltd                   Proposed LT Bk     CRISIL BB+     1       Assigned
                                        Loan Fac
Drashti Innovative Syncotex Pvt. Ltd    CC                 CRISIL D       101.3   Downgraded
                                                                                  from CRISIL
                                                                                  BB
Drashti Innovative Syncotex Pvt. Ltd    Proposed LT Bk     CRISIL D       40      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB
Drashti Innovative Syncotex Pvt. Ltd    TL                 CRISIL D       98.7    Downgraded
                                                                                  from CRISIL
                                                                                  BB
Eastern Treads Ltd                      CC                 CRISIL BB-     200     Assigned
Faridabad Steel Mongers Pvt Ltd         CC                 CRISIL BB-     400     Reaffirmed
Gauri International Pvt Ltd             CC                 CRISIL D       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Gauri International Pvt Ltd             Proposed LT Bk     CRISIL D       100     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB
India Japan Lighting Pvt Ltd            CC                 CRISIL BBB     50      Upgraded from
                                                                                  CRISIL BB
India Japan Lighting Pvt Ltd            Proposed LT Bk     CRISIL BBB     580     Upgraded from
                                        Loan Fac                                  CRISIL BB
Indian Foodtech Ltd                     CC                 CRISIL D       75      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Indian Foodtech Ltd                     TL                 CRISIL D       25      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
J.C. Brothers Jewellers                 CC                 CRISIL BB+     300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
J.C. Brothers Jewellers                 Proposed CC Limit  CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Jagat Jagdamba Flour Pvt Ltd            CC                 CRISIL D       140     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Janakirama Raw and Boiled Rice Mill     Open CC            CRISIL BB-     90      Assigned
Jayshree Enterprises                    CC                 CRISIL BB-     30      Assigned
KVR Cars                                CC                 CRISIL BB-     70      Reaffirmed
KVR Cars                                Overdraft Fac      CRISIL BB-     50      Reaffirmed
LSR Forge Pvt Ltd                       CC                 CRISIL B+      75      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
LSR Forge Pvt Ltd                       Proposed LT Bk     CRISIL B+      90      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
LSR Forge Pvt Ltd                       TL                 CRISIL B+      35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Ludhiana Steel Rolling Mills            CC                 CRISIL BB-     200     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Matrix Fine Sciences Pvt Ltd            CC                 CRISIL BB-     10      Reaffirmed
Matrix Fine Sciences Pvt Ltd            TL                 CRISIL BB-     20      Reaffirmed
Meenu Creation                          Proposed LT Bk     CRISIL BB-     50      Assigned
                                        Loan Fac
Minmat Ferro Alloys Pvt Ltd             CC                 CRISIL BB-     40      Reaffirmed
Minmat Ferro Alloys Pvt Ltd             Proposed LT Bk     CRISIL BB-     31.5    Reaffirmed
                                        Loan Fac
Mohak Woollens Pvt Ltd                  CC                 CRISIL B       46.5    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Mohak Woollens Pvt Ltd                  Proposed LT Bk     CRISIL B       33.7    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Mohak Woollens Pvt Ltd                  TL                 CRISIL B       26.9    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Mohak Woollens Pvt Ltd                  Proposed TL        CRISIL B       11.2    Downgraded
                                                                                  from CRISIL
                                                                                  B+
MSS India Pvt Ltd                       CC#@%              CRISIL A-      150     Reaffirmed
#Interchangeable with export packing credit to the extent of Rs.95 Million.
@Interchangeable with pre-shipment credit in foreign currency to the extent of Rs.50 Million.
%Interchangeable with Export Bill Discounting (within cash credit limit) Rs.95 Million.
MSS India Pvt Ltd                       LOC*               CRISIL A-      40      Reaffirmed
*Interchangeable with cash credit/export packing credit to the extent of Rs.40 Million.
MSS India Pvt Ltd                       TL^$               CRISIL A-      125     Reaffirmed
^One-time project loan (within term loan) Rs.100 Million.
$ Interchangeable with FCNR(B) loan Rs.109.5 Million.
NKS Construction And Engineers Pvt Ltd  CC                 CRISIL B+      20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Om Parkash Surinder Mohan               CC                 CRISIL B+      70      Reaffirmed
Om Parkash Surinder Mohan               Proposed LT Bk     CRISIL B+      12      Reaffirmed
                                        Loan Fac
Orai Flour Mills Pvt Ltd                CC                 CRISIL BB-     140     Assigned
Partap Fabrics Pvt Ltd                  CC                 CRISIL BBB-    150     Reaffirmed
Partap Fabrics Pvt Ltd                  Proposed TL        CRISIL BBB-    85.3    Reaffirmed
Partap Fabrics Pvt Ltd                  TL                 CRISIL BBB-    494.7   Reaffirmed
Raghunath Agro Industries Pvt Ltd       TL                 CRISIL BBB+    75      Assigned
Raghunath Agro Industries Pvt Ltd       WC Fac             CRISIL BBB+    1000    Assigned
Ricela Health Foods Ltd                 CC                 CRISIL BBB-    1200    Reaffirmed
Ricela Health Foods Ltd                 Corporate Loan     CRISIL BBB-    60      Reaffirmed
Ricela Health Foods Ltd                 TL                 CRISIL BBB-    190     Reaffirmed
Richa International                     Packing Credit     CRISIL D       60      Downgraded
                                                                                  from CRISIL B
S.K. Medical Foundation Pvt Ltd         TL                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B+
S.K.Samanta and Co. Pvt Ltd             CC                 CRISIL BBB     150     Reaffirmed
Shivom Cotspin Ltd                      CC                 CRISIL BB      75      Reaffirmed
Shivom Cotspin Ltd                      Proposed LT Bk     CRISIL BB      65      Reaffirmed
                                        Loan Fac
Shivom Cotspin Ltd                      TL                 CRISIL BB      120     Reaffirmed
Shree Ganesh Cotex Pvt Ltd              TL                 CRISIL B+      21.4    Assigned
Shree Ganesh Cotex Pvt Ltd              CC                 CRISIL B+      60      Assigned
Shree Ganesh Cotex Pvt Ltd              Proposed LT Bk     CRISIL B+      68.6    Assigned
                                        Loan Fac
Shri Ranisati Steel Traders             CC                 CRISIL B       75      Assigned
Sneh Quality Spices Pvt Ltd             Proposed LT Bk     CRISIL B+      10      Upgraded from
                                        Loan Fac                                  CRISIL B
Sneh Quality Spices Pvt Ltd             TL                 CRISIL B+      60      Upgraded from
                                                                                  CRISIL B
Spenzzer Ceramic Pvt Ltd                TL                 CRISIL B-      49.6    Downgraded
                                                                                  from CRISIL B
Spenzzer Ceramic Pvt Ltd                Proposed LT Bk     CRISIL B-      35.4    Downgraded
                                        Loan Fac                                  from CRISIL B
Spenzzer Ceramic Pvt Ltd                CC                 CRISIL B-      30      Downgraded
                                                                                  from CRISIL B
Sree Skandha Food Processing India Pvt  CC                 CRISIL BB-     140     Reaffirmed
Ltd
Sri City Pvt Ltd                        CC                 CRISIL BBB     1767.5  Reaffirmed
Sri City Pvt Ltd                        Corporate Loan     CRISIL BBB     985     Reaffirmed
Sri City Pvt Ltd                        Proposed CC Limit  CRISIL BBB     50      Assigned
Sri City Pvt Ltd                        TL                 CRISIL BBB     81.1    Assigned
Sri City Pvt Ltd                        Proposed LT Bk     CRISIL BBB     151.4   Assigned
                                        Loan Fac
Sumatichand Gouti Jewellers Pvt Ltd     CC                 CRISIL BB-     1400    Reaffirmed
Sumatichand Gouti Jewellers Pvt Ltd     Proposed LT Bk     CRISIL BB-     250     Reaffirmed
                                        Loan Fac
Surajmull Gouti                         CC                 CRISIL BB-     100     Reaffirmed
Surajmull Gouti                         Proposed LT Bk     CRISIL BB-     100     Reaffirmed
                                        Loan Fac
Tadimety Aromatics Pvt Ltd              CC                 CRISIL BB+     25      Assigned
The Chennai Shopping Mall-Jewellers     CC                 CRISIL BB+     50      CRISIL BB+
Vasupujya Filaments                     CC                 CRISIL BB+     29      Reaffirmed
Vasupujya Filaments                     Foreign LOC        CRISIL BB+     16.5    Reaffirmed
Vasupujya Filaments                     LT Loan            CRISIL BB+     37.1    Reaffirmed
Vasupujya Filaments                     Proposed LT Bk     CRISIL BB+     77.4    Reaffirmed
                                        Loan Fac
Vasupujya Filaments                     TL                 CRISIL BB+     139     Reaffirmed
VE-7 Ceramic                            CC                 CRISIL D       30      Downgraded
                                                                                  from CRISIL
                                                                                  B+
VE-7 Ceramic                            LT Loan            CRISIL D       69.5    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Vin Semiconductors Pvt Ltd              Proposed LT Bk     CRISIL BB-     8.5     Assigned
                                        Loan Fac
Vin Semiconductors Pvt Ltd              CC                 CRISIL BB-     100     Assigned
Vin Semiconductors Pvt Ltd              LT Loan            CRISIL BB-     1.8     Assigned
Voltech O and M Services Pvt Ltd        Proposed CC Limit  CRISIL BB-     20      Assigned
Voltech O and M Services Pvt Ltd        CC                 CRISIL BB-     10      Assigned
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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