February 27, 2017 / 5:40 AM / 9 months ago

CRISIL ratings for Indian debt instruments-Feb 27

   Feb 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 24, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aero Club                               BG                 CRISIL A3+     32.2    Reaffirmed
Aero Club                               LOC                CRISIL A3+     648     Reaffirmed
Ahammed Roller Flour Mills Pvt Ltd      LOC                CRISIL A4+     80      Reaffirmed
Bhargovi Gems Pvt Ltd                   Post Shipment      CRISIL A3      407     Reaffirmed
                                        Credit
Choice Diamond                          Export Packing     CRISIL A3+     100     Reaffirmed
                                        Credit
Choice Diamond                          Post Shipment      CRISIL A3+     50      Reaffirmed
                                        Credit
Dilshad Trading Co Pvt Ltd              LOC                CRISIL A4      2000    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Dutta Agro Products Pvt Ltd             BG                 CRISIL A4+     3.3     Reaffirmed
EPC Industrie Ltd                       BG                 CRISIL A1      10.4    Reaffirmed
Hallmark Aquaequipment Pvt Ltd          BG                 CRISIL A4      10      Reaffirmed
Hallmark Aquaequipment Pvt Ltd          LOC                CRISIL A4      20      Reaffirmed
Hallmark Aquaequipment Pvt Ltd          Proposed ST Bk     CRISIL A4      1.1     Reaffirmed
                                        Loan Fac
Hanuman Texnit and Industries Ltd       BG                 CRISIL A4+     3.5     Reaffirmed
Hav Automobiles Pvt Ltd                 Proposed ST Bk     CRISIL A4+     12      Reaffirmed
                                        Loan Fac
Hemraj Devkarandas Metals And Minerals  LOC                CRISIL A4      80      Assigned
Ltd
Hical Technologies Pvt Ltd              BG                 CRISIL         3       Reaffirmed
                                                           A3(Notice of
                                                           Withdrawal)
Hical Technologies Pvt Ltd              Foreign Exchange   CRISIL         16      Reaffirmed
                                        Forward            A3(Notice of
                                                           Withdrawal)
Hical Technologies Pvt Ltd              LOC                CRISIL         7       Reaffirmed
                                                           A3(Notice of
                                                           Withdrawal)
Hical Technologies Pvt Ltd              Packing Credit     CRISIL         65      Reaffirmed
                                                           A3(Notice of
                                                           Withdrawal)
Hillwood Furniture Pvt Ltd              BG                 CRISIL A4      5       Reaffirmed
Hillwood Furniture Pvt Ltd              LOC                CRISIL A4      350     Reaffirmed
Hillwood Imports and Exports Pvt Ltd    LOC                CRISIL A4      200     Reaffirmed
J R Tantia Charitable Trust             Overdraft          CRISIL A3      90      Upgraded from
                                                                                  CRISIL A4+
Kalyani Technoforge Ltd                 LOC Bill           CRISIL A2      420     Reaffirmed
                                        Discounting
Kavi Protein and Feed Pvt Ltd           LOC                CRISIL A4+     50      Reaffirmed
LCL Logistix India Pvt Ltd              BG                 CRISIL A3      200     Reaffirmed
M. K. Enterprises JV                    BG                 CRISIL A4+     84.1    Reaffirmed
Mars Construction                       BG                 CRISIL A4+     16.5    Assigned
Megamiles Bearing Cups Pvt Ltd          LOC                CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL A3+     85      Assigned
                                        Negotiation
Mohib Shoes Pvt Ltd                     Proposed Export    CRISIL A3+     75      Assigned
                                        Packing Credit
Natraj Home Furnishings Pvt Ltd         Packing Credit     CRISIL A4      30      Assigned
Natraj Home Furnishings Pvt Ltd         Foreign Exchange   CRISIL A4      5       Assigned
                                        Forward
New Nalanda Tubewell Boring and         BG                 CRISIL A4+     50      Assigned
Engineering Works
Ocean Gate Container Terminals Pvt Ltd  BG                 CRISIL A3      250     Reaffirmed
Pact Industries Ltd                     LOC                CRISIL A4+     40      Assigned
Peekay Roller Flour Mills               LOC                CRISIL A4+     100     Reaffirmed
Pregna International Ltd                LOC                CRISIL A4+     15      Reaffirmed
Rajeev Kumar - Patna                    BG                 CRISIL A4      50      Assigned
Rajeev Kumar - Patna                    Overdraft          CRISIL A4      8       Assigned
Ranika Exports Design                   Foreign            CRISIL A4+     40.5    Reaffirmed
                                        Discounting Bill
                                        Purchase
Ranika Exports Design                   Packing Credit     CRISIL A4+     40.5    Reaffirmed
Shrilekha Trading Pvt Ltd               LOC                CRISIL A4      1200    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Subhkaran and Sons                      LOC                CRISIL D       500     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Southern Cooling Towers Pvt Ltd         BG                 CRISIL A4      130     Reaffirmed
Super Dynic Clothing Pvt Ltd            Bill Discounting   CRISIL A4+     5       Reaffirmed
Super Dynic Clothing Pvt Ltd            Packing Credit     CRISIL A4+     10      Reaffirmed
Tata Motors Finance Ltd                 ST Debt            CRISIL A1+     10000   Reaffirmed
Vikas Transport Co.                     BG                 CRISIL A4      120     Reaffirmed
Viraj Syntex Pvt Ltd                    Inland Guarantees  CRISIL A4      5       Reaffirmed
Viraj Syntex Pvt Ltd                    Inland/Import LOC  CRISIL A4      10      Reaffirmed
Viraj Syntex Pvt Ltd                    Packing Credit     CRISIL A4      13.5    Reaffirmed

LONG TERM RATINGS:
-------------------
Aditya Car Care Pvt Ltd                 Inventory Funding  CRISIL BB-     220     Reaffirmed
                                        Fac
Aero Club                               CC                 CRISIL BBB     1382.8  Reaffirmed
Aero Club                               WC Demand Loan     CRISIL BBB     2270    Reaffirmed
Agency House (A and N Islands) Pvt Ltd  CC                 CRISIL BB+     40      Assigned

Agency House (A and N Islands) Pvt Ltd  Inventory Funding  CRISIL BB+     100     Assigned
                                        Fac
Ahammed Roller Flour Mills Pvt Ltd      CC                 CRISIL BB      51      Reaffirmed
ANG Life Sciences India Pvt Ltd         BG                 CRISIL D       20      Reaffirmed
ANG Life Sciences India Pvt Ltd         CC                 CRISIL D       70      Reaffirmed
ANG Life Sciences India Pvt Ltd         LOC                CRISIL D       40      Reaffirmed
ANG Life Sciences India Pvt Ltd         Proposed LT Bk     CRISIL D       14      Reaffirmed
                                        Loan Fac
ANG Life Sciences India Pvt Ltd         TL                 CRISIL D       36      Reaffirmed
Bhargovi Gems Pvt Ltd                   Export Packing     CRISIL BBB-    226     Reaffirmed
                                        Credit
Bhargovi Gems Pvt Ltd                   Post Shipment      CRISIL BBB-    97      Reaffirmed
                                        Credit
Choice Diamond                          Export Packing     CRISIL BBB     602     Reaffirmed
                                        Credit
Choice Diamond                          Post Shipment      CRISIL BBB     84      Reaffirmed
                                        Credit
Choice Diamond                          Proposed LT Bk     CRISIL BBB     64      Reaffirmed
                                        Loan Fac
Dhansri Complex Pvt Ltd                 CC                 CRISIL BB-     25      Upgraded from
                                                                                  CRISIL B+
Dhansri Complex Pvt Ltd                 TL                 CRISIL BB-     125     Upgraded from
                                                                                  CRISIL B+
Dutta Agro Products Pvt Ltd             CC                 CRISIL BB-     88      Reaffirmed
Dutta Agro Products Pvt Ltd             Proposed FB Bk     CRISIL BB-     8.7     Reaffirmed
                                        Limits
EPC Industrie Ltd                       CC#                CRISIL A+      445     Reaffirmed
#Interchangeable with working capital demand loan to the extent of Rs 30.00 crore,
 letter of credit to the extent of Rs 33.00 crore; interchangeable with bank 
 guarantee to the extent of Rs 26.00 crore
EPC Industrie Ltd                       Proposed LT Bk     CRISIL A+      44.6    Reaffirmed
                                        Loan Fac
Genesys Biologics Pvt Ltd               Proposed LT Bk     CRISIL B+      600     Assigned
                                        Loan Fac
Georai Taluka Shikshak Sahakari         CC                 CRISIL BBB-    70      Reaffirmed
Patsanstha Maryadit
Hallmark Aquaequipment Pvt Ltd          CC                 CRISIL B+      66      Reaffirmed
Hallmark Aquaequipment Pvt Ltd          TL                 CRISIL B+      5.1     Reaffirmed
Hanuman Texnit and Industries Ltd       CC                 CRISIL BB-     95      Reaffirmed
Hanuman Texnit and Industries Ltd       Proposed LT Bk     CRISIL BB-     6.5     Reaffirmed
                                        Loan Fac
Hanuman Texnit and Industries Ltd       TL                 CRISIL BB-     15      Reaffirmed
Hari Om Industries Ltd                  TL                 CRISIL BB+     87.5    Assigned
Hari Om Industries Ltd                  CC                 CRISIL BB+     140     Assigned
Hari Om Industries Ltd                  Proposed FB Bk     CRISIL BB+     12.5    Assigned
                                        Limits
Hav Automobiles Pvt Ltd                 CC                 CRISIL BB      100     Reaffirmed
Hav Automobiles Pvt Ltd                 Drop Line          CRISIL BB      8       Reaffirmed
                                        Overdraft Fac
Hemraj Devkarandas Metals And Minerals  Proposed LT Bk     CRISIL B+      20      Assigned
Ltd                                     Loan Fac
Hemraj Devkarandas Metals And Minerals  CC                 CRISIL B+      100     Assigned
Ltd
Hical Technologies Pvt Ltd              Export Packing     CRISIL BBB-    35      Reaffirmed
                                        Credit
Hillwood Furniture Pvt Ltd              CC                 CRISIL B       30      Reaffirmed
Hillwood Imports and Exports Pvt Ltd    CC                 CRISIL B       10      Reaffirmed
J R Tantia Charitable Trust             TL                 CRISIL BBB-    280     Upgraded from
                                                                                  CRISIL BB+
Jaideep Trading Company                 CC                 CRISIL BB-     75      Upgraded from
                                                                                  CRISIL B
Jaideep Trading Company                 Proposed LT Bk     CRISIL BB-     30      Upgraded from
                                        Loan Fac                                  CRISIL B
Janardhan Plyboard Industries Ltd       CC                 CRISIL D       45      Downgraded
                                                                                  from CRISIL B-
Janardhan Plyboard Industries Ltd       Proposed FB Bk     CRISIL D       13.5    Downgraded
                                        Limits                                    from CRISIL B-
Janardhan Plyboard Industries Ltd       TL                 CRISIL D       8       Downgraded
                                                                                  from CRISIL B-
Kalyani Technoforge Ltd                 External           CRISIL BBB+    920     Reaffirmed
                                        Commercial
                                        Borrowings
Kalyani Technoforge Ltd                 Rupee TL           CRISIL BBB+    300     Reaffirmed
Kalyani Technoforge Ltd                 TL                 CRISIL BBB+    330     Reaffirmed
Kalyani Technoforge Ltd                 WC Fac             CRISIL BBB+    650     Reaffirmed
Kavi Poultrie                           CC                 CRISIL BB      60      Assigned
Kavi Poultrie                           LT Loan            CRISIL BB      25      Assigned
Kavi Poultrie                           Overdraft          CRISIL BB      20      Assigned
Kavi Poultrie                           Proposed LT Bk     CRISIL BB      15      Assigned
                                        Loan Fac
Kavi Protein and Feed Pvt Ltd           CC                 CRISIL BB      40      Reaffirmed
Kavi Protein and Feed Pvt Ltd           TL                 CRISIL BB      65      Reaffirmed
Kishore G Lund                          CC                 CRISIL B+      55      Reaffirmed
LCL Logistix India Pvt Ltd              CC                 CRISIL BBB-    600     Reaffirmed
Lily Realty Pvt Ltd                     Overdraft          CRISIL D       200     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-(SO)
Lily Realty Pvt Ltd                     TL*                CRISIL D       3100    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-(SO)
*Letter of Credit/Bank Guarantee/Stand-by Letter of Credit Facility 
of Rs 30 Crore as sublimit of Term Loan
M. K. Enterprises JV                    LT Loan            CRISIL BB-     85.9    Reaffirmed
Mac Steel Pvt Ltd                       TL                 CRISIL B+      14      Assigned
Mac Steel Pvt Ltd                       CC                 CRISIL B+      45      Assigned
Mac Steel Pvt Ltd                       Proposed LT Bk     CRISIL B+      6       Assigned
                                        Loan Fac
Maha Agricultural Products Pvt Ltd      CC/ Overdraft Fac  CRISIL BB-     20      Assigned
Maha Agricultural Products Pvt Ltd      Export Packing     CRISIL BB-     75      Assigned
                                        Credit
Maha Agricultural Products Pvt Ltd      Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
Mandovi Minerals Pvt Ltd                CC                 CRISIL B       20      Reaffirmed
Mandovi Minerals Pvt Ltd                Proposed LT Bk     CRISIL B       26.9    Reaffirmed
                                        Loan Fac
Mandovi Minerals Pvt Ltd                TL                 CRISIL B       123.1   Reaffirmed
Mangalore Minerals Pvt Ltd              Bill Discounting   CRISIL BB+     1.5     Reaffirmed
Mangalore Minerals Pvt Ltd              CC                 CRISIL BB+     110     Reaffirmed
Mangalore Minerals Pvt Ltd              TL                 CRISIL BB+     275.5   Reaffirmed
Mars Construction                       CC                 CRISIL BB-     33.5    Assigned
Megamiles Bearing Cups Pvt Ltd          CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Metropolis Properties Pvt Ltd           Proposed LT Bk     CRISIL BB      50      Reaffirmed
                                        Loan Fac
Metropolis Properties Pvt Ltd           Secured Overdraft  CRISIL BB      50      Assigned
                                        Fac
Mohib Shoes Pvt Ltd                     CC                 CRISIL BBB     5       Assigned
Mohib Shoes Pvt Ltd                     Export Packing     CRISIL BBB     115     Assigned
                                        Credit
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL BBB     120     Assigned
                                        Purchase
Natraj Home Furnishings Pvt Ltd         Foreign Bill       CRISIL B+      50      Assigned
                                        Discounting
New Nalanda Tubewell Boring and         Overdraft          CRISIL BB-     40      Assigned
Engineering Works
Pact Industries Ltd                     Standby LOC        CRISIL BB      10      Assigned
Pact Industries Ltd                     CC                 CRISIL BB      70      Assigned
Peekay Roller Flour Mills               CC                 CRISIL BB      60      Reaffirmed
Peekay Roller Flour Mills               LT Loan            CRISIL BB      2       Reaffirmed
Pregna International Ltd                CC                 CRISIL BB      35      Reaffirmed
Pregna International Ltd                Proposed LT Bk     CRISIL BB      90      Reaffirmed
                                        Loan Fac
Premium Medical and Health Care         TL                 CRISIL BB-     200     Assigned
Providers Pvt Ltd
Raghunath Laxminarayan Spices Pvt Ltd   CC                 CRISIL D       100     Downgraded
                                                                                  from CRISIL B+
Rajeev Kumar - Patna                    Proposed LT Bk     CRISIL B+      2       Assigned
                                        Loan Fac
Ranika Exports Design                   Proposed LT Bk     CRISIL BB      18.4    Reaffirmed
                                        Loan Fac
Ranika Exports Design                   Standby Line of    CRISIL BB      14      Reaffirmed
                                        Credit
S.B. Syscon Pvt Ltd                     CC                 CRISIL B+      105     Reaffirmed
S.B. Syscon Pvt Ltd                     Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
Shiv Mahima Milk Products Pvt Ltd       CC                 CRISIL B       60      Reaffirmed
Shiv Mahima Milk Products Pvt Ltd       LT Loan            CRISIL B       66      Reaffirmed
Shrilekha Trading Pvt Ltd               LOC*               CRISIL C       100     Downgraded
                                                                                  from CRISIL BB
* including sublimit cash credit of Rs.10 Crore
Siddhi Ganesh Metal Pvt Ltd             CC                 CRISIL B+      50      Reaffirmed
Siddhi Ganesh Metal Pvt Ltd             Electronic Dealer  CRISIL B+      200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Southern Cooling Towers Pvt Ltd         CC                 CRISIL B-      120     Reaffirmed
Southern Cooling Towers Pvt Ltd         LT Loan            CRISIL B-      9       Reaffirmed
Southern Cooling Towers Pvt Ltd         Proposed LT Bk     CRISIL B-      41      Reaffirmed
                                        Loan Fac
SRC Laboratories Pvt Ltd                Proposed LT Bk     CRISIL B       24      Upgraded from
                                        Loan Fac                                  CRISIL B-
SRC Laboratories Pvt Ltd                TL                 CRISIL B       97.5    Upgraded from
                                                                                  CRISIL B-
Sri Srinivasa Agro Products             CC                 CRISIL B+      60      Upgraded from
                                                                                  CRISIL B
Sri Srinivasa Agro Products             Proposed LT Bk     CRISIL B+      10      Upgraded from
                                        Loan Fac                                  CRISIL B
Subrahmanyeswara Swamy Rice Mill        Proposed LT Bk     CRISIL B-      32.1    Assigned
                                        Loan Fac
Subrahmanyeswara Swamy Rice Mill        CC                 CRISIL B-      10      Assigned
Subrahmanyeswara Swamy Rice Mill        LT Loan            CRISIL B-      57.9    Assigned
Super Dynic Clothing Pvt Ltd            CC                 CRISIL BB      120     Reaffirmed
Super Dynic Clothing Pvt Ltd            LT Loan            CRISIL BB      5       Reaffirmed
Superways Enterprises Pvt Ltd           LOC                CRISIL D       1000    Reaffirmed
Tata Motors Finance Ltd                 Perpetual Bonds    CRISIL A+      4150    Reaffirmed
Tata Motors Finance Ltd                 NCD                CRISIL AA      20000   Reaffirmed
Tata Motors Finance Ltd                 NCD                CRISIL AA      30000   Reaffirmed
Tata Motors Finance Ltd                 NCD                CRISIL AA      50000   Reaffirmed
Tata Motors Finance Ltd                 Subordinated Debt  CRISIL AA      14000   Reaffirmed
                                        Programme
Techna Infrastructure Pvt Ltd           Proposed LT Bk     CRISIL BB      810.5   Reaffirmed
                                        Loan Fac
Techna Infrastructure Pvt Ltd           TL                 CRISIL BB      889.5   Reaffirmed
Vikas Transport Co.                     CC                 CRISIL B+      38      Reaffirmed
Viraj Syntex Pvt Ltd                    CC                 CRISIL B+      41.5    Reaffirmed
Viraj Syntex Pvt Ltd                    Proposed LT Bk     CRISIL B+      19.4    Reaffirmed
                                        Loan Fac
Viraj Syntex Pvt Ltd                    TL                 CRISIL B+      20.6    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)

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