June 5, 2017 / 4:56 AM / 6 months ago

CRISIL ratings for Indian debt instruments-Jun 5

    Jun 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 2, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aashiana Rolling Mills Ltd              BG                 CRISIL A3      10      Reaffirmed
Ace Multi Axes Systems Ltd              BG                 CRISIL A2      2.5     Reaffirmed
Ace Multi Axes Systems Ltd              Bill Purchase      CRISIL A2      2.5     Reaffirmed
                                        Discounting Fac
Ace Multi Axes Systems Ltd              LOC                CRISIL A2      2.5     Reaffirmed
Ace Multi Axes Systems Ltd              Packing Credit     CRISIL A2      2.5     Reaffirmed
Aditya Auto Products and Engineering    Export Packing     CRISIL A2      60      Reaffirmed
India Pvt Ltd                           Credit
Aditya Auto Products and Engineering    LOC                CRISIL A2      130     Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Packing Credit     CRISIL A2      238.5   Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Vendor Financing   CRISIL A2      70      Reaffirmed
India Pvt Ltd
Ibex Engineering Pvt Ltd                Export Packing     CRISIL A4      22.5    Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
LEDVANCE Pvt Ltd                        Non-FBL            CRISIL A1      406     Reassigned
Leebo Metals Pvt Ltd                    BG                 CRISIL A4+     6       Reaffirmed
Leebo Metals Pvt Ltd                    LOC                CRISIL A4+     30      Reaffirmed
Masti Health & Beauty Pvt Ltd           BG                 CRISIL A4      8       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Melody Healthcare Pvt Ltd               LOC                CRISIL A4+     34      Reaffirmed
Om Sharda Logistics Pvt Ltd             BG                 CRISIL A4+     74      Assigned
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL A4+     58.5    Assigned
Omega Rolling Mills Pvt Ltd             BG                 CRISIL A4+     25      Reaffirmed
Omega Rolling Mills Pvt Ltd             LOC                CRISIL A4+     75      Reaffirmed
Paramount Forge                         Letter Of GuaranteeCRISIL A4      66.2    Reaffirmed
Rishabh Diamond Pvt Ltd                 Foreign Bill       CRISIL A4      240     Reaffirmed
                                        Purchase
Soriso Ceramic Pvt Ltd                  BG                 CRISIL A3+     30      Reaffirmed
SRF Ltd                                 CP                 CRISIL A1+     500     Assigned
Universal Erectors Pvt Ltd              Cash Management    CRISIL A4+     5       Assigned
                                        Service
Universal Erectors Pvt Ltd              BG                 CRISIL A4+     250     Assigned
Vishwaa Apparels                        Foreign Bill       CRISIL A4+     15      Reaffirmed
                                        Discounting
Vishwaa Apparels                        Packing Credit     CRISIL A4+     15      Reaffirmed

LONG TERM RATINGS:
-------------------
Aashiana Rolling Mills Ltd              CC                 CRISIL BBB-    230     Reaffirmed
Aashiana Rolling Mills Ltd              Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
                                        Loan Fac
Ace Multi Axes Systems Ltd              CC                 CRISIL BBB+    20      Reaffirmed
Ace Multi Axes Systems Ltd              Proposed LT Bk     CRISIL BBB+    50      Reaffirmed
                                        Loan Fac
Ace Multi Axes Systems Ltd              Rupee TL           CRISIL BBB+    70      Reaffirmed
Aditya Auto Products and Engineering    Bill Discounting   CRISIL BBB+    56.5    Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    CC                 CRISIL BBB+    265     Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Corporate Loan     CRISIL BBB+    150     Reaffirmed
India Pvt Ltd
Anand Education Society                 Proposed LT Bk     CRISIL B       97.9    Assigned
                                        Loan Fac
Anand Education Society                 TL                 CRISIL B       2.1     Assigned
B.Bucha Reddy and Co                    BG                 CRISIL D       80      Reaffirmed
B.Bucha Reddy and Co                    Overdraft          CRISIL D       55      Reaffirmed
B.Bucha Reddy and Co                    Proposed LT Bk     CRISIL D       5       Reaffirmed
                                        Loan Fac
Bajrang Cotton                          CC                 CRISIL B       70      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Bajrang Cotton                          Proposed LT Bk     CRISIL B       16.6    Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Delhi Metro Rail Corporation Ltd        Proposed LT Bk     CRISIL AA+     18000   Reaffirmed
                                        Loan Fac
Delhi Metro Rail Corporation Ltd        NCD                CRISIL AA+     18000   Reaffirmed
Dhruv Medicos Pvt Ltd                   CC                 CRISIL BB-     100     Assigned
Ibex Engineering Pvt Ltd                CC                 CRISIL B       20      Downgraded
                                                                                  from CRISIL BB
Ibex Engineering Pvt Ltd                Proposed CC Limit  CRISIL B       15      Downgraded
                                                                                  from CRISIL BB
Ibex Engineering Pvt Ltd                TL                 CRISIL B       10.5    Downgraded
                                                                                  from CRISIL BB
K.C. Timber Traders                     Buyer`s Credit     CRISIL B       80      Reaffirmed
K.C. Timber Traders                     CC                 CRISIL B       20      Reaffirmed
LEDVANCE Pvt Ltd                        CC                 CRISIL A+      300     @
LEDVANCE Pvt Ltd                        Proposed LT Bk     CRISIL A+      294     @
LEDVANCE Pvt Ltd                        CC                 Withdrawal     794     Withdrawal
LEDVANCE Pvt Ltd                        Proposed LT Bk     Withdrawal     206     Withdrawal
                                        Loan Fac
Leebo Metals Pvt Ltd                    CC                 CRISIL BB+     115     Upgraded from
                                                                                  CRISIL BB-
Leebo Metals Pvt Ltd                    Proposed LT Bk     CRISIL BB+     11      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Mahenju Textiles Pvt Ltd                CC                 CRISIL B+      40      Reaffirmed
Mahenju Textiles Pvt Ltd                Proposed LT Bk     CRISIL B+      42      Reaffirmed
                                        Loan Fac
Mahenju Textiles Pvt Ltd                TL                 CRISIL B+      18      Reaffirmed
Masti Health & Beauty Pvt Ltd           CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL BB
Masti Health & Beauty Pvt Ltd           Proposed LT Bk     CRISIL B       27      Downgraded
                                        Loan Fac                                  from CRISIL BB
Masti Health & Beauty Pvt Ltd           TL                 CRISIL B       55      Downgraded
                                                                                  from CRISIL BB
Melody Healthcare Pvt Ltd               CC                 CRISIL BB+     40      Upgraded from
                                                                                  CRISIL BB
Melody Healthcare Pvt Ltd               Export Packing     CRISIL BB+     40      Upgraded from
                                        Credit                                    CRISIL BB
Midas Petrochem Pvt Ltd                 CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Muthu Silk House                        CC                 CRISIL B+      60      Reaffirmed
Muthu Silk House                        Proposed CC Limit  CRISIL B+      5       Reaffirmed
Om Esha Agro Products Pvt Ltd           CC                 CRISIL B       50      Reaffirmed
Om Esha Agro Products Pvt Ltd           LT Loan            CRISIL B       145     Reaffirmed
Om Esha Agro Products Pvt Ltd           Proposed LT Bk     CRISIL B       5       Assigned
                                        Loan Fac
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL BB      2.5     Assigned
Omega Rolling Mills Pvt Ltd             CC                 CRISIL BB+     60      Upgraded from
                                                                                  CRISIL BB-
Pac Bio Fungbact Pvt Ltd                CC                 CRISIL D       50      Reaffirmed
Pac Bio Fungbact Pvt Ltd                Proposed LT Bk     CRISIL D       33.5    Reaffirmed
                                        Loan Fac
Pac Bio Fungbact Pvt Ltd                TL                 CRISIL D       9.8     Assigned
Paramount Forge                         CC                 CRISIL B+      95      Reaffirmed
Paramount Forge                         Foreign Usance     CRISIL B+      15      Reaffirmed
                                        Bills Purchase -
                                        Discounting
Paramount Forge                         Proposed LT Bk     CRISIL B+      222.3   Reaffirmed
                                        Loan Fac
Reliable Cashew Company Pvt Ltd         CC                 CRISIL BBB-    120     Upgraded from
                                                                                  CRISIL BB+
Sai Mahaavir Developers                 TL                 CRISIL B       200     Assigned
Sayak Enterprise                        CC                 CRISIL BB-     110     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating;
Shree Krishna Bhagavan Prasad           Mortgage Loan Fac  CRISIL B+      50      Assigned
Soriso Ceramic Pvt Ltd                  CC                 CRISIL BBB     100     Reaffirmed
Soriso Ceramic Pvt Ltd                  Proposed LT Bk     CRISIL BBB     70      Reaffirmed
                                        Loan Fac
Sree Dhanalakshmi Modern Rice Mill      CC                 CRISIL BB-     55      Assigned
Sree Dhanalakshmi Modern Rice Mill      Proposed LT Bk     CRISIL BB-     15      Assigned
                                        Loan Fac
SRF Ltd                                 NCD                CRISIL AA+     3000    Assigned
Sri Lakshmikantha Spinners Ltd          CC*#               CRISIL D       478.5   Downgraded
                                                                                  from CRISIL B-
*Includes a sub-limit of Rs.90 million of export packing credit/foreign bill
discounting.#Includes a sub-limit of Rs.60 million of export packing credit/foreign bill
discounting
Sri Lakshmikantha Spinners Ltd          LT Loan            CRISIL D       651.5   Downgraded
                                                                                  from CRISIL B-
Universal Erectors Pvt Ltd              Proposed LT Bk     CRISIL BB+     25      Assigned
                                        Loan Fac
Universal Erectors Pvt Ltd              CC                 CRISIL BB+     50      Assigned
Vaishnaoi Infratech And Developers Pvt  Proposed LT Bk     CRISIL B+      100     Assigned
Ltd                                     Loan Fac
Vishwaa Apparels                        CC                 CRISIL BB-     110     Reaffirmed
Vishwaa Apparels                        Foreign Currency TLCRISIL BB-     24      Reaffirmed
Vishwaa Apparels                        Proposed LT Bk     CRISIL BB-     36      Reaffirmed
                                        Loan Fac
Vrundavan Ceramic Pvt Ltd               BG                 CRISIL D       22.5    Reaffirmed
Vrundavan Ceramic Pvt Ltd               CC                 CRISIL D       97.5    Reaffirmed
Vrundavan Ceramic Pvt Ltd               Funded Interest TL CRISIL D       33      Reaffirmed
Vrundavan Ceramic Pvt Ltd               Proposed LT Bk     CRISIL D       7       Reaffirmed
                                        Loan Fac
Vrundavan Ceramic Pvt Ltd               WC TL              CRISIL D       90      Reaffirmed
Zenith Drugs Pvt Ltd                    CC                 CRISIL BB-     24.5    Assigned
Zenith Drugs Pvt Ltd                    TL                 CRISIL BB-     28.4    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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