April 21, 2017 / 5:23 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Apr 21

    Apr 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 20, 2017.


COMPANY                               INSTRUMENT           RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                ----------           ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alliance Vitrified Pvt Ltd              BG                 CRISIL A4+     25      Reaffirmed
Bharat Rail Automations Pvt Ltd         BG                 CRISIL A4+     450     Reaffirmed
Chakri Fisheries Pvt Ltd                BG                 CRISIL         2.5     Reaffirmed
                                                           A4 (Issuer Not
                                                           Cooperating)
Chakri Fisheries Pvt Ltd                Packing Credit     CRISIL         60      Reaffirmed
                                                           A4 (Issuer Not
                                                           Cooperating)
Crystal Crop Protection Pvt Ltd         LOC                CRISIL A1      1750    Upgraded from
                                                                                  CRISIL A2+
Crystal Crop Protection Pvt Ltd         Proposed ST Bk     CRISIL A1      380     Upgraded from
                                        Loan Fac                                  CRISIL A2+
Crystal Crop Protection Pvt Ltd         CP                 CRISIL A1      500     Upgraded from
                                                                                  CRISIL A2+
CTM Technical Textiles Ltd              BG                 CRISIL A4+     15      Reaffirmed
CTM Technical Textiles Ltd              Inland/Import LOC  CRISIL A4+     3       Reaffirmed
Global Acqua Pvt Ltd                    BG                 CRISIL A2+     10      Reassigned
ICICI Securities Primary Dealership Ltd ST Debt            CRISIL A1+     10000   Reaffirmed
Jai Jagdish Ship Breakers Pvt Ltd       LOC                CRISIL A4+     950     Reaffirmed
Kamalesh Construction Pvt Ltd           BG                 CRISIL A4      40      Reaffirmed
Kaycee Industries                       BG                 CRISIL A4      1.2     Reaffirmed
Kaycee Industries                       Inland/Import LOC  CRISIL A4      10      Reaffirmed
Maxim Tubes Company Pvt Ltd             BG                 CRISIL A4+     50      Reaffirmed
Maxim Tubes Company Pvt Ltd             Non-FBL            CRISIL A4+     176     Reaffirmed
Maxim Tubes Company Pvt Ltd             Packing Credit     CRISIL A4+     120     Reaffirmed
Metaflux Company Pvt Ltd                BG                 CRISIL A4+     5       Reaffirmed
Metaflux Company Pvt Ltd                LOC                CRISIL A4+     3       Reaffirmed
MIRC Electronics Ltd                    LOC & BG           CRISIL A4+     2370    Reaffirmed
MIRC Electronics Ltd                    LOC & BG           CRISIL A4+     880     Assigned
Remi Edelstahl Tubulars Ltd             BG                 CRISIL A4      200     Reaffirmed
Remi Edelstahl Tubulars Ltd             LOC                CRISIL A4      132.5   Reaffirmed
Sachdeva Steel Products (Ship Breakers) LOC                CRISIL A4+     420     Reaffirmed
LLP
Skema International Pvt Ltd             Packing Credit     CRISIL A4      60      Assigned
Sri Sakthi Vinayaga Ginning Mills       Bill Negotiation   CRISIL A4      50      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Sri Sakthi Vinayaga Ginning Mills       Overdraft          CRISIL A4      2.5     Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Suchitra Education Trust                Overdraft          CRISIL A4      15      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
T.C. Spinners Pvt Ltd                   LOC                CRISIL A3      100     Assigned
T.C. Spinners Pvt Ltd                   Packing Credit     CRISIL A3      50      Assigned
Uni Profiles Pvt Ltd                    BG                 CRISIL A4      5       Reaffirmed
 
LONG TERM RATINGS:
-------------------
Reliance Mutual Fund (RMF)              Reliance Liquid    CRISIL AAAmfs  -       Reaffirmed
                                        Fund - Treasury
                                        Plan
A B Convention                          TL                 CRISIL B       50      Downgraded
                                                                                  from  BB-
Alliance Vitrified Pvt Ltd              CC                 CRISIL BB-     80      Reaffirmed
Alliance Vitrified Pvt Ltd              LT Loan            CRISIL BB-     32.5    Reaffirmed
Alliance Vitrified Pvt Ltd              Proposed LT Bk     CRISIL BB-     13      Reaffirmed
                                        Loan Fac
Arihant Packwell                        CC                 CRISIL B       40      Reaffirmed
Arihant Packwell                        Proposed LT Bk     CRISIL B       68.2    Reaffirmed
                                        Loan Fac
Arihant Packwell                        TL                 CRISIL B       16.8    Reaffirmed
Athena Educational Trust                Overdraft          CRISIL B       20      Reaffirmed
Athena Educational Trust                TL                 CRISIL B       64      Reaffirmed
Ayursundra Health Care Pvt Ltd          CC                 CRISIL B       4       Downgraded
                                                                                  from CRISIL B+
Ayursundra Health Care Pvt Ltd          Proposed LT Bk     CRISIL B       2.1     Downgraded
                                        Loan Fac                                  from CRISIL B+
Ayursundra Health Care Pvt Ltd          TL                 CRISIL B       453.9   Downgraded
                                                                                  from CRISIL B+
Bharat Rail Automations Pvt Ltd         CC                 CRISIL BB+     200     (Upgraded
                                                                                  from CRISIL BB
BNR Egg Farms                           CC                 CRISIL B       17.2    Reaffirmed
BNR Egg Farms                           LT Loan            CRISIL B       54      Reaffirmed
BNR Egg Farms                           Proposed CC Limit  CRISIL B       3.8     Reaffirmed
Bogeashavara Polymers Pvt Ltd           LT Loan            CRISIL D       195     Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Bogeashavara Polymers Pvt Ltd           Proposed CC Limit  CRISIL D       36      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Bombay Intelligence Security India Ltd  Overdraft          CRISIL A-      300     Reaffirmed
Chakri Fisheries Pvt Ltd                Foreign Bill       CRISIL B       60      Reaffirmed
                                        Discounting
Chakri Fisheries Pvt Ltd                LT Loan            CRISIL B       12      Reaffirmed
Chakri Fisheries Pvt Ltd                Proposed LT Bk     CRISIL B       0.5     Reaffirmed
                                        Loan Fac
Choice Research and Breeding Farm       CC                 CRISIL BB-     44      Reaffirmed
Choice Research and Breeding Farm       LT Loan            CRISIL BB-     56      Reaffirmed
Choosy Fashions                         CC                 CRISIL B       100     Reaffirmed
City Max Hospital and Research Centre   TL                 CRISIL B-      80      Reaffirmed
Crystal Crop Protection Pvt Ltd         CC                 CRISIL A-      1400    Reaffirmed
Crystal Crop Protection Pvt Ltd         LOC                CRISIL A-      650     Reaffirmed
Crystal Crop Protection Pvt Ltd         Proposed LT Bk     CRISIL A-      235     Reaffirmed
                                        Loan Fac
Crystal Crop Protection Pvt Ltd         TL                 CRISIL A-      85      Assigned
CTM Technical Textiles Ltd              CC                 CRISIL BB      35      Reaffirmed
CTM Technical Textiles Ltd              LT Loan            CRISIL BB      14.6    Reaffirmed
CTM Technical Textiles Ltd              Proposed LT Bk     CRISIL BB      55.1    Reaffirmed
                                        Loan Fac
Darshita Aashiyana Pvt Ltd              CC                 CRISIL BBB+    350     Assigned
Darshita Aashiyana Pvt Ltd              Proposed LT Bk     CRISIL BBB+    25      Assigned
                                        Loan Fac
Global Acqua Pvt Ltd                    TL*                CRISIL A-      400     Reaffirmed
* Includes sublimit of letter of credit (LC) and buyer's credit (BC) to the extent of Rs 20
crore
Global Acqua Pvt Ltd                    CC#                CRISIL A-      50      Reaffirmed
# Fully interchangeable with working capital demand loan (WCDL)    
Hindustan Herbals Ltd                   CC                 CRISIL B-      80      Reaffirmed
Hindustan Herbals Ltd                   Proposed LT Bk     CRISIL B-      50      Reaffirmed
                                        Loan Fac
Hindustan Herbals Ltd                   TL                 CRISIL B-      50      Reaffirmed
Hindustan Herbals Ltd                   WC TL              CRISIL B-      20      Reaffirmed
ICICI Securities Primary Dealership Ltd Tier II Bonds      CRISIL AAA     500     Assigned
ICICI Securities Primary Dealership Ltd Tier II Bonds      CRISIL AAA     4400    Reaffirmed
Innova Childrens Heart Hospital Pvt Ltd CC                 CRISIL D       47.5    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Innova Childrens Heart Hospital Pvt Ltd TL                 CRISIL D       117.5   Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Jai Jagdish Ship Breakers Pvt Ltd       CC                 CRISIL BB      130     Reaffirmed
Jai Jagdish Ship Breakers Pvt Ltd       Proposed LT Bk     CRISIL BB      19      Reaffirmed
                                        Loan Fac
Kamalesh Construction Pvt Ltd           CC                 CRISIL B       32      Reaffirmed
Kaycee Industries                       CC                 CRISIL B+      47.5    Reaffirmed
Kaycee Industries                       Proposed LT Bk     CRISIL B+      16.3    Reaffirmed
                                        Loan Fac
Kirtiman Cements and Packaging          CC                 CRISIL BB      180     Assigned
Industries Ltd
Kirtiman Cements and Packaging          Proposed LT Bk     CRISIL BB      0.2     Assigned
Industries Ltd                          Loan Fac
Kirtiman Cements and Packaging          TL                 CRISIL BB      49.8    Assigned
Industries Ltd
Laxmi Builders and Transport Co.        CC                 CRISIL B+      140     Upgraded from
                                                                                  CRISIL B
Maxim Tubes Company Pvt Ltd             Buyer`s Credit     CRISIL BB+     450     Upgraded from
                                                                                  CRISIL BB
Maxim Tubes Company Pvt Ltd             CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Maxim Tubes Company Pvt Ltd             Credit Limit Under CRISIL BB+     14      Upgraded from
                                        Gold Card                                 CRISIL BB
Maxim Tubes Company Pvt Ltd             Proposed LT Bk     CRISIL BB+     9.7     Upgraded from
                                        Loan Fac                                  CRISIL BB
Maxim Tubes Company Pvt Ltd             TL                 CRISIL BB+     150     Upgraded from
                                                                                  CRISIL BB
Metaflux Company Pvt Ltd                CC                 CRISIL BB+     75      Reaffirmed
Metaflux Company Pvt Ltd                Proposed FB Bk     CRISIL BB+     14.5    Reaffirmed
                                        Limits
Metaflux Company Pvt Ltd                TL                 CRISIL BB+     2.4     Reaffirmed
MIRC Electronics Ltd                    CC                 -              50      notice of
                                                                                  withdrawal
MIRC Electronics Ltd                    CC                 CRISIL BB-     250     Reaffirmed
MIRC Electronics Ltd                    CC                 CRISIL BB-     1150    notice of
                                                                                  withdrawal
Oxina Cars Pvt Ltd                      TL                 CRISIL B       99      Assigned
Oxina Cars Pvt Ltd                      CC                 CRISIL B       50      Assigned
Oxina Cars Pvt Ltd                      Proposed LT Bk     CRISIL B       1       Assigned
                                        Loan Fac
R Misrilal Jewellers Pvt Ltd            CC                 CRISIL B-      150     Reaffirmed
Raj Rajendra Industries Ltd             CC                 CRISIL BBB-    160     Reaffirmed
Raj Rajendra Industries Ltd             Proposed LT Bk     CRISIL BBB-    100     Reaffirmed
                                        Loan Fac
Rama Rice Mills                         CC                 CRISIL B+      60      Assigned
Remi Edelstahl Tubulars Ltd             CC                 -              150     Withdrawal
Remi Edelstahl Tubulars Ltd             Proposed LT Bk     -              40      Withdrawal
                                        Loan Fac
Remi Edelstahl Tubulars Ltd             LOC                -              167.5   Withdrawal
Remi Edelstahl Tubulars Ltd             CC                 CRISIL B+      150     Reaffirmed
Sachdeva Steel Products (Ship Breakers) CC                 CRISIL BB      60      Reaffirmed
LLP
Sachdeva Steel Products (Ship Breakers) Proposed LT Bk     CRISIL BB      8.4     Reaffirmed
LLP                                     Loan Fac
Sakthi Vinayaga Gin and Pressing Mills  CC                 CRISIL B+      60      Reaffirmed
Shanmukha Cotton Products               CC                 CRISIL B       50      Reaffirmed
Shanmukha Cotton Products               Proposed CC Limit  CRISIL B       12.5    Reaffirmed
Shanmukha Cotton Products               SME Credit         CRISIL B       2.5     Reaffirmed
Shree Sidhbali Paper Mills Ltd          BG                 CRISIL D       5.1     Reaffirmed
Shree Sidhbali Paper Mills Ltd          Buyer`s Credit     CRISIL D       5       Reaffirmed
Shree Sidhbali Paper Mills Ltd          CC                 CRISIL D       100     Reaffirmed
Shree Sidhbali Paper Mills Ltd          LOC                CRISIL D       5       Reaffirmed
Shree Sidhbali Paper Mills Ltd          Proposed LT Bk     CRISIL D       41.4    Reaffirmed
                                        Loan Fac
Shree Sidhbali Paper Mills Ltd          TL                 CRISIL D       73.5    Reaffirmed
Simhapuri Transport                     CC                 CRISIL B+      50      Assigned
Skema International Pvt Ltd             TL                 CRISIL B+      35      Assigned
Sri Laxmi Venkateshwara Rice Mill       Overdraft          CRISIL B       75      Assigned
Ginning Factory
Sri Sakthi Vinayaga Ginning Mills       CC                 CRISIL B       47.5    Downgraded
                                                                                  from  B+
Sri Sakthi Vinayaga Ginning Mills       Proposed WC Fac    CRISIL B       2.5     Downgraded
                                                                                  from  B+
Sri Sakthi Vinayaga Ginning Mills       TL                 CRISIL B       12.5    Downgraded
                                                                                  from  B+
Sri Venkateswara Rice Mill              WC Fac             CRISIL B       130     Downgraded
                                                                                  from  B+
Srikara Parenterals Pvt Ltd             CC                 CRISIL D       20      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Srikara Parenterals Pvt Ltd             Funded Interest TL CRISIL D       25.8    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Srikara Parenterals Pvt Ltd             LT Loan            CRISIL D       25.2    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Srikara Parenterals Pvt Ltd             Proposed LT Bk     CRISIL D       7.2     Reaffirmed
                                        Loan Fac           (Issuer Not
                                                           Cooperating)
Srikara Parenterals Pvt Ltd             WC TL              CRISIL D       21.8    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Star Battery Ltd                        Proposed LT Bk     CRISIL B       67.5    Assigned
                                        Loan Fac
Star Battery Ltd                        TL                 CRISIL B       52.5    Assigned
Suchitra Education Trust                Proposed LT Bk     CRISIL B       9       Reaffirmed
                                        Loan Fac
Suchitra Education Trust                TL                 CRISIL B       36      Reaffirmed
Surya Charitable And Welfare Society    Proposed LT Bk     CRISIL B       10      Reaffirmed
Regd.                                   Loan Fac
T.C. Spinners Pvt Ltd                   CC                 CRISIL BBB-    380     Assigned
T.C. Spinners Pvt Ltd                   Foreign LOC        CRISIL BBB-    40      Assigned
T.C. Spinners Pvt Ltd                   LT Loan            CRISIL BBB-    360.4   Assigned
T.C. Spinners Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    69.6    Assigned
                                        Loan Fac
T.C. Spinners Pvt Ltd                   Warehouse Receipts CRISIL BBB-    200     Assigned
Uni Profiles Pvt Ltd                    CC                 CRISIL B       35      Downgraded
                                                                                  from CRISIL B+
Uni Profiles Pvt Ltd                    Proposed LT Bk     CRISIL B       50.6    Downgraded
                                        Loan Fac                                  from CRISIL B+
Uni Profiles Pvt Ltd                    TL                 CRISIL B       9.4     Downgraded
                                                                                  from CRISIL B+
V. N. Pethe Bros                        CC                 CRISIL B       45.5    Assigned
V. N. Pethe Bros                        TL                 CRISIL B       14.5    Assigned
VJR Poultry Farms                       CC                 CRISIL B       15      Reaffirmed
VJR Poultry Farms                       LT Loan            CRISIL B       36      Reaffirmed
VJR Poultry Farms                       Proposed LT Bk     CRISIL B       49      Reaffirmed
                                        Loan Fac
Yamuna Industries                       CC                 CRISIL BB-     66.5    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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