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CRISIL ratings for Indian debt instruments-Apr 13
April 13, 2017 / 5:22 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Apr 13

    Apr 13 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 12, 2017.


COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------        -----    ---------
SHORT TERM RATINGS:
-------------------
Akshay Enterprises - Mumbai             Packing Credit     CRISIL A4      100     Reaffirmed
Avtar Steel Ltd                         LOC & BG           CRISIL A4+     115     Reaffirmed
Chicago Constructions International Pvt BG                 CRISIL A4+     35      Reaffirmed
Ltd
Elica Vitrified Pvt Ltd                 BG                 CRISIL A4+     25      Reaffirmed
Goldstone Infratech Ltd                 BG                 CRISIL A3      487.9   Upgraded from
                                                                                  CRISIL A4+
Goldstone Infratech Ltd                 LOC                CRISIL A3      170     Upgraded from
                                                                                  CRISIL A4+
Grace Micron LLP                        BG                 CRISIL A4      7.5     Assigned
Hanuman Rice Mills - Karnal             Capex LOC          CRISIL A4+     17.5    Assigned
K.P.R.Agrochem Ltd                      Inland/Import LOC  CRISIL A3+     1500    Assigned
K.P.R.Agrochem Ltd                      BG                 CRISIL A3+     15      Assigned
Lahliwala Steels Pvt Ltd                BG                 CRISIL A4      3.5     Reaffirmed
Perth Ceramic Pvt Ltd                   Letter Of GuaranteeCRISIL A4      60      Reaffirmed
Refex Energy Ltd                        BG                 CRISIL A3      192     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Refex Energy Ltd                        LOC                CRISIL A3      100     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shilpa Medicare Ltd                     LOC                CRISIL A2+     150     Reaffirmed
Shilpa Medicare Ltd                     Packing Credit in  CRISIL A2+     100     Reaffirmed
                                        Foreign Currency
Sneham International                    LOC & BG           CRISIL A3      6       Reaffirmed
Sneham International                    Proposed LOC       CRISIL A3      7       Reaffirmed

LONG TERM RATINGS:
-------------------
Aathi Velan Mills                       CC                 CRISIL B+      65      Reaffirmed
Aathi Velan Mills                       Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Aathi Velan Mills                       Proposed WC Fac    CRISIL B+      15      Reaffirmed
Aurangabad Gymkhana Club Pvt Ltd        Overdraft          CRISIL B       95      Reaffirmed
Aurangabad Gymkhana Club Pvt Ltd        Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Avtar Steel Ltd                         CC                 CRISIL BB-     85      Reaffirmed
Balkrishna Ginning and Pressing Factory CC                 CRISIL B+      190     Reaffirmed
Balkrishna Ginning and Pressing Factory Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Chicago Constructions International Pvt CC                 CRISIL BB-     130     Reaffirmed
Ltd
Class Restaurant                        CC                 CRISIL B-      90      Reaffirmed
Class Restaurant                        Proposed LT Bk     CRISIL B-      10      Reaffirmed
                                        Loan Fac
Elica Vitrified Pvt Ltd                 CC                 CRISIL BB-     90      Reaffirmed
Elica Vitrified Pvt Ltd                 TL                 CRISIL BB-     53.5    Reaffirmed
Goldstone Infratech Ltd                 CC                 CRISIL BBB-    330     Upgraded from
                                                                                  CRISIL BB+
Goldstone Infratech Ltd                 Standby Line of    CRISIL BBB-    20      Upgraded from
                                        Credit                                    CRISIL BB+
Gopimal Kaur Sain Industries Pvt Ltd    LT Loan            CRISIL B       280     Assigned
Grace Micron LLP                        LT Loan            CRISIL B       67.5    Assigned
Grace Micron LLP                        CC                 CRISIL B       20      Assigned
Hanuman Rice Mills - Karnal             Proposed LT Bk     CRISIL BB-     12.5    Assigned
                                        Loan Fac
Hanuman Rice Mills - Karnal             CC*                CRISIL BB-     150     Assigned
*Interchangeable with Export Packing Credit
HR Food Processing Pvt Ltd              CC                 CRISIL B-      3.7     Reaffirmed
HR Food Processing Pvt Ltd              TL                 CRISIL B-      71.3    Reaffirmed
K.P.R.Agrochem Ltd                      Proposed LT Bk     CRISIL BBB     230     Assigned
                                        Loan Fac
K.P.R.Agrochem Ltd                      LT Loan            CRISIL BBB     1015    Assigned
K.P.R.Agrochem Ltd                      CC                 CRISIL BBB     2240    Assigned
Lahliwala Steels Pvt Ltd                CC                 CRISIL B+      80      Reaffirmed
Lahliwala Steels Pvt Ltd                Proposed LT Bk     CRISIL B+      15.5    Reaffirmed
                                        Loan Fac
Perth Ceramic Pvt Ltd                   CC                 CRISIL B+      125     Reaffirmed
Perth Ceramic Pvt Ltd                   LT Loan            CRISIL B+      330     Reaffirmed
Perth Ceramic Pvt Ltd                   Proposed LT Bk     CRISIL B+      10      Reaffirmed
Phoolchand Bhagatsingh                  Bill Discounting   CRISIL BB+     50      Reaffirmed
Phoolchand Bhagatsingh                  CC                 CRISIL BB+     150     Reaffirmed
Refex Energy Ltd                        CC                 CRISIL BBB-    50      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Refex Energy Ltd                        Proposed WC Fac    CRISIL BBB-    345.5   Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shilpa Medicare Ltd                     CC                 CRISIL A-      1100    Reaffirmed
Shilpa Medicare Ltd                     External           CRISIL A-      1000    Reaffirmed
                                        Commercial
                                        Borrowings
Shilpa Medicare Ltd                     Foreign LOC        CRISIL A-      50      Reaffirmed
Shilpa Medicare Ltd                     LT Loan            CRISIL A-      500     Reaffirmed
Sneham International                    CC                 CRISIL BBB-    20      Reaffirmed
Sneham International                    Proposed TL        CRISIL BBB-    15      Reaffirmed
Sneham International                    Standby Line of    CRISIL BBB-    2       Reaffirmed
                                        Credit
Sneham International                    TL                 CRISIL BBB-    12      Reaffirmed
Sri Lakshmi Narayana Rice Mill          CC                 CRISIL B       150     Reaffirmed
Sumit Wool Processors                   CC                 CRISIL D       170     Downgraded
                                                                                  from CRISIL B+
Sumit Wool Processors                   Proposed LT Bk     CRISIL D       40      Downgraded
                                        Loan Fac                                  from CRISIL B+
Sumit Wool Processors                   TL                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B+
VE-7 Ceramic                            BG                 CRISIL D       26.5    Reaffirmed
VE-7 Ceramic                            CC                 CRISIL D       30      Reaffirmed
VE-7 Ceramic                            LT Loan            CRISIL D       69.5    Reaffirmed
VNR Seeds Pvt Ltd                       CC                 CRISIL BBB+    750     Reaffirmed
VNR Seeds Pvt Ltd                       TL                 CRISIL BBB+    78.6    Reaffirmed
VNR Seeds Pvt Ltd                       Proposed LT Bk     CRISIL BBB+    21.4    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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