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CRISIL ratings for Indian debt instruments-Mar 10
March 10, 2017 / 5:13 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Mar 10

    Mar 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 9, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alam Tannery Pvt Ltd                    Inland/Import LOC  CRISIL A4      25      Upgraded
                                                                                  from CRISIL D
Creanza Ceramic Pvt Ltd                 BG                 CRISIL A4+     40      Reaffirmed
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Assigned
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     40000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     25000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     5000    Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     10000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     15000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.    
Edelweiss Commodities Services Ltd      ST Debt            CRISIL A1+     70000   Reaffirmed
Edelweiss Finvest Pvt Ltd               ST Debt            CRISIL A1+     10000   Reaffirmed
Edelweiss Finvest Pvt Ltd               ST Principal       CRISIL PP- MLD 5000    Reaffirmed
                                        Protected Market   A1+r
                                        Linked Debentures
Galaxy Office Automation Pvt Ltd        BG                 CRISIL A3      30      Reaffirmed
Ihsedu Agrochem Pvt Ltd                 Export Packing     CRISIL A2+     1550    Upgraded
                                        Credit                                    from CRISIL A2
Ihsedu Agrochem Pvt Ltd                 Foreign Bill       CRISIL A2+     600     Upgraded
                                        Purchase                                  from CRISIL A2
Ihsedu Agrochem Pvt Ltd                 LOC                CRISIL A2+     45      Upgraded
                                                                                  from CRISIL A2
Ihsedu Agrochem Pvt Ltd                 Standby Line of    CRISIL A2+     310     Upgraded
                                        Credit                                    from CRISIL A2
Imperial Granites Pvt Ltd               BG                 CRISIL A4      5       Reaffirmed
Imperial Granites Pvt Ltd               LOC                CRISIL A4      10      Reaffirmed
J.S.V Motors and Constructions Pvt Ltd  Overdraft          CRISIL A4+     125     Upgraded
                                                                                  from CRISIL A4
Jayant Agro-Organics Ltd                BG                 CRISIL A2+     15      Upgraded from
                                                                                  CRISIL A2
Jayant Agro-Organics Ltd                Export Packing     CRISIL A2+     150     Upgraded from
                                        Credit                                    CRISIL A2
Jayant Agro-Organics Ltd                Foreign Bill       CRISIL A2+     208     Upgraded from
                                        Discounting                               CRISIL A2
Jayant Agro-Organics Ltd                Inland/Import LOC  CRISIL A2+     55      Upgraded from
                                                                                  CRISIL A2
Jayant Agro-Organics Ltd                LOC                CRISIL A2+     5       Upgraded from
                                                                                  CRISIL A2
Jayant Agro-Organics Ltd                Packing Credit     CRISIL A2+     166.7   Upgraded from
                                                                                  CRISIL A2
Jayant Agro-Organics Ltd                Pre Shipment CreditCRISIL A2+     1200    Upgraded from
                                                                                  CRISIL A2
Jayant Agro-Organics Ltd                Pre Shipment       CRISIL A2+     200     Upgraded from
                                        Finance                                   CRISIL A2
Jayant Agro-Organics Ltd                Standby Export     CRISIL A2+     75.3    Upgraded from
                                        Packing Credit                            CRISIL A2
Jayant Agro-Organics Ltd                Standby Loan       CRISIL A2+     240.4   Upgraded from
                                                                                  CRISIL A2
Kaleesuwari Refinery Pvt Ltd            LOC                CRISIL A2+     4260    Reaffirmed
Kirloskar Corrocoat Pvt Ltd             BG                 CRISIL A3+     150     Reaffirmed
M. E. Energy Pvt Ltd                    BG                 CRISIL A4      100     Reaffirmed
MIRC Electronics Ltd                    LOC & BG           CRISIL A4+     3250    Reaffirmed
Pebco Motors Ltd                        Standby LOC        CRISIL A3      6       Reaffirmed
R.G. Timbers and Saw Mills              LOC                CRISIL A4      80      Reaffirmed
Sarda Plywood Industries Ltd            BG                 CRISIL A4      20      Reaffirmed
Sarda Plywood Industries Ltd            LOC                CRISIL A4      346.1   Reaffirmed
Standard Chartered Investments and      ST Debt            CRISIL A1+     20000   Reaffirmed
Loans India Ltd
Vardhman Acrylics Ltd                   LOC*               CRISIL A1+     400     Reaffirmed
* Interchangeable with bank guarantee facility
Vardhman Special Steels Ltd             LOC & BG           CRISIL A1+     1000    Reaffirmed
Vardhman Special Steels Ltd             ST Debt (Including CRISIL A1+     1500    Reaffirmed
                                        CP)
Vardhman Textiles Ltd                   LOC & BG#          CRISIL A1+     2000    Reaffirmed
# Letter of credit and bank guarantee limits are interchangeable
Vardhman Textiles Ltd                   ST Debt (          CRISIL A1+     10000   Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Vardhman Textiles Ltd                   FD                 FAA+                   Reaffirmed
    
LONG TERM RATINGS:
-------------------
Alam Tannery Pvt Ltd                    CC                 CRISIL B-      20      Upgraded from
                                                                                  CRISIL D
Alam Tannery Pvt Ltd                    Export Packing     CRISIL B-      160     Upgraded from
                                        Credit                                    CRISIL D
Alam Tannery Pvt Ltd                    Foreign Bill       CRISIL B-      130     Upgraded from
                                        Purchase                                  CRISIL D
Alam Tannery Pvt Ltd                    Proposed LT Bk     CRISIL B-      85      Upgraded from
                                        Loan Fac                                  CRISIL D
Amravati Municipal Corporation          Corporate Credit   CCR BBB-               Reaffirmed
                                        Rating
Bhima Jewels                            CC                 CRISIL BBB-    1740    Reaffirmed
Bhima Jewels                            Standby LOC        CRISIL BBB-    150     Reaffirmed
Bhima Jewels                            WC TL              CRISIL BBB-    60      Reaffirmed
Blueberry Agro Products Pvt Ltd         CC                 CRISIL B       20      Upgraded from
                                                                                  CRISIL B-
Blueberry Agro Products Pvt Ltd         LT Loan            CRISIL B       60      Upgraded from
                                                                                  CRISIL B-
Blueberry Agro Products Pvt Ltd         Proposed LT Bk     CRISIL B       5       Upgraded from
                                        Loan Fac                                  CRISIL B-
Classic Tea Company Pvt Ltd             CC                 CRISIL BB+     45      Reaffirmed
Classic Tea Company Pvt Ltd             Proposed LT Bk     CRISIL BB+     2.6     Reaffirmed
                                        Loan Fac
Classic Tea Company Pvt Ltd             TL                 CRISIL BB+     32.4    Reaffirmed
Creanza Ceramic Pvt Ltd                 CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Creanza Ceramic Pvt Ltd                 Proposed LT Bk     CRISIL BB+     50      Upgraded from
                                        Loan Fac                                  CRISIL BB
Creanza Ceramic Pvt Ltd                 TL                 CRISIL BB+     240     Upgraded from
                                                                                  CRISIL BB
Delhi International Airport Pvt Ltd     Corporate Credit   CCR AA-        -       Reaffirmed
                                        Rating
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Reaffirmed
Edelweiss Commodities Services Ltd      Overdraft          CRISIL AA      7000    Reaffirmed
Edelweiss Commodities Services Ltd      Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
**interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Assigned
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      PS                 CRISIL AA      1050    Reaffirmed
Edelweiss Finvest Pvt Ltd               Proposed LT Bk     CRISIL AA      5000    Assigned
                                        Loan Fac^
^Interchangeable between short term and long term
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      5000    Assigned
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      2000    Reaffirmed
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP- MLD 3000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP- MLD 3500    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Retail Finance Ltd            Proposed LT Bk     CRISIL AA      5000    Assigned
                                        Loan Fac^
^Interchangeable between short term and long term    
Edelweiss Retail Finance Ltd             NCD               CRISIL AA      5000    Assigned
Galaxy Office Automation Pvt Ltd        CC                 CRISIL BBB-    90      Reaffirmed
Galaxy Office Automation Pvt Ltd        Proposed LT Bk     CRISIL BBB-    35      Reaffirmed
                                        Loan Fac
Ihsedu Agrochem Pvt Ltd                 LT Loan            CRISIL A-      52.5    Upgraded from
                                                                                  CRISIL BBB+
Ihsedu Agrochem Pvt Ltd                 Proposed LT Bk     CRISIL A-      192.5   Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Imperial Granites Pvt Ltd               CC                 CRISIL B+      90      Upgraded from
                                                                                  CRISIL B
Imperial Granites Pvt Ltd               Export Packing     CRISIL B+      55      Upgraded from
                                        Credit                                    CRISIL B
Imperial Granites Pvt Ltd               Proposed LT Bk     CRISIL B+      28.5    Upgraded from
                                        Loan Fac                                  CRISIL B
J.S.V Motors and Constructions Pvt Ltd  Inventory Funding  CRISIL BB-     140     Upgraded from
                                        Fac                                       CRISIL B+
J.S.V Motors and Constructions Pvt Ltd  Proposed LT Bk     CRISIL BB-     66.2    Upgraded from
                                        Loan Fac                                  CRISIL B+
J.S.V Motors and Constructions Pvt Ltd  TL                 CRISIL BB-     8.8     Upgraded from
                                                                                  CRISIL B+
Jayant Agro-Organics Ltd                LT Loan            CRISIL A-      157.2   Upgraded from
                                                                                  CRISIL BBB+
Jayant Agro-Organics Ltd                Proposed LT Bk     CRISIL A-      1027.4  Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Kaleesuwari Refinery Pvt Ltd            LOC                CRISIL A-      2690    Reaffirmed
Kaleesuwari Refinery Pvt Ltd            LT Loan            CRISIL A-      800     Reaffirmed
Kans Wedding Centre                     CC                 CRISIL B+      67.8    Upgraded from
                                                                                  CRISIL B
Kans Wedding Centre                     LT Loan            CRISIL B+      12.2    Upgraded from
                                                                                  CRISIL B
Kirloskar Corrocoat Pvt Ltd             CC                 CRISIL BBB     40      Reaffirmed
M. E. Energy Pvt Ltd                    CC                 CRISIL B+      80      Reaffirmed
M. E. Energy Pvt Ltd                    Foreign LOC        CRISIL B+      15      Reaffirmed
Maa Bhagwati Rice Mill                  CC                 CRISIL B+      65      Reaffirmed
Maa Bhagwati Rice Mill                  Proposed LT Bk     CRISIL B+      49      Reaffirmed
                                        Loan Fac
Maruti Oil Mills                        CC                 CRISIL B+      96.5    Assigned
Maruti Oil Mills                        Proposed CC Limit  CRISIL B+      3.5     Assigned
MIRC Electronics Ltd                    CC                 CRISIL BB-     1450    Reaffirmed
Pebco Motors Ltd                        CC                 CRISIL BBB-    10      Reaffirmed
Pebco Motors Ltd                        Inventory Funding  CRISIL BBB-    60      Reaffirmed
                                        Fac
Pebco Motors Ltd                        Proposed LT Bk     CRISIL BBB-    74      Reaffirmed
                                        Loan Fac
Putzmeister Concrete Machines Pvt Ltd   CC                 CRISIL BBB     450     Upgraded from
                                                                                  CRISIL BBB-
Putzmeister Concrete Machines Pvt Ltd   Proposed LT Bk     CRISIL BBB     579.2   Upgraded from
                                        Loan Fac                                  CRISIL BBB-
R.G. Timbers and Saw Mills              CC                 CRISIL B-      20      Reaffirmed
Sarda Plywood Industries Ltd            CC                 CRISIL B-      359.6   Downgraded
                                                                                  from CRISIL B+
Sarda Plywood Industries Ltd            TL                 CRISIL B-      10      Downgraded
                                                                                  from CRISIL B+
Standard Chartered Investments and      Equity Linked      -              -       Withdrawal
Loans India Ltd                         Debentures 
Standard Chartered Investments and      NCD                CRISIL         5000    Upgraded from
Loans India Ltd                                            AA+                    CRISIL AA
Suryaa Chamball Power Ltd               CC                 CRISIL BB-     70      Reaffirmed
Suryaa Chamball Power Ltd               CC/ Overdraft Fac  CRISIL BB-     67.5    Reaffirmed
Suryaa Chamball Power Ltd               Proposed LT Bk     CRISIL BB-     199.4   Reaffirmed
                                        Loan Fac
Suryaa Chamball Power Ltd               TL                 CRISIL BB-     36.1    Reaffirmed
Vardhman Acrylics Ltd                   CC@                CRISIL AA-     100     Reaffirmed
@ Rs.5.5 crore cash credit facility interchangeable with short-term loan facility
Vardhman Acrylics Ltd                   FB Fac#            CRISIL AA-     350     Reaffirmed
#Interchangeable with Non-Fund Based Facility
Vardhman Acrylics Ltd                   Proposed WC Fac    CRISIL AA-     40      Reaffirmed
Vardhman Acrylics Ltd                   TL                 CRISIL AA-     10      Reaffirmed
Vardhman Nisshinbo Garments Co. Ltd     CC^                CRISIL A+      85      Reaffirmed
^Interchangeable with non-fun based (LC & BGs)
Vardhman Nisshinbo Garments Co. Ltd     LT Loan            CRISIL A+      243.8   Reaffirmed
Vardhman Nisshinbo Garments Co. Ltd     Proposed LT Bk     CRISIL A+      114     Reaffirmed
                                        Loan Fac
Vardhman Special Steels Ltd             CC                 CRISIL AA-     1500    Reaffirmed
Vardhman Special Steels Ltd             Corporate Loan     CRISIL AA-     1400    Reaffirmed
Vardhman Special Steels Ltd             Foreign Currency TLCRISIL AA-     1110.9  Reaffirmed
Vardhman Special Steels Ltd             TL                 CRISIL AA-     454.3   Reaffirmed
Vardhman Textiles Ltd                   CC*                CRISIL AA      15000   Reaffirmed
* Includes Rs.1,155 crore sublimit for packing credit
Vardhman Textiles Ltd                   Foreign Bill       CRISIL AA      2500    Reaffirmed
                                        Purchase
Vardhman Textiles Ltd                   FB Fac^            CRISIL AA      2000    Reaffirmed
^ Interchangeable with non-fund based limits
Vardhman Textiles Ltd                   Proposed LT Bk     CRISIL AA      2.3     Reaffirmed
                                        Loan Fac
Vardhman Textiles Ltd                   Proposed Rupee TL  CRISIL AA      8460    Reaffirmed
Vardhman Textiles Ltd                   Rupee TL           CRISIL AA      24200   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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