Reuters logo
CRISIL ratings for Indian debt instruments-Dec 16
December 16, 2016 / 7:33 AM / a year ago

CRISIL ratings for Indian debt instruments-Dec 16

Dec 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 15, 2016.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABM Civil Ventures Pvt Ltd              BG                 CRISIL A4      50      Reaffirmed
Aether Industries Ltd                   BG                 CRISIL A4+     20      Assigned
Aether Industries Ltd                   ST Bk Fac          CRISIL A4+     18      Assigned
Aether Industries Ltd                   LOC                CRISIL A4+     60      Assigned
Balaji Impex                            Import LOC Limit   CRISIL A4+     130     Reaffirmed
Balaji Impex                            LOC                CRISIL A4+     90      Reaffirmed
Balaji Impex                            Overdraft Fac      CRISIL A4+     30      Reaffirmed
Balaji Impex                            Post Shipment      CRISIL A4+     15      Assigned
                                        Credit
Balkrishna Sales Corporation            BG                 CRISIL A4+     30      Assigned
Bally Jute Co. Ltd                      BG                 CRISIL A3+     60      Suspended
Bally Jute Co. Ltd                      LOC                CRISIL A3+     100     Suspended
Bhati Associates Pvt Ltd                BG                 CRISIL A4+     80      Reaffirmed
Bonny Baby Care Pvt Ltd                 LOC                CRISIL A4+     4       Reaffirmed
Cross Trade Links                       Bill Discounting   CRISIL D       35      Downgraded
                                                                                  from CRISIL A4
Cross Trade Links                       Packing Credit     CRISIL D       35      Downgraded
                                                                                  from CRISIL A4
Esh Ispat Pvt Ltd                       LOC                CRISIL A4      6.7     Assigned
Evergreen Exports                       Packing Credit     CRISIL A4      105.5   Assigned
Kanak Pipe Industries Pvt Ltd           BG                 CRISIL A4+     25      Assigned
Kargwal Constructions Pvt Ltd           BG                 CRISIL A4+     100     Reaffirmed
Kaur Sain Exports Ltd                   Packing Credit     CRISIL A4+     80      Suspended
L&T Technology Services Ltd             LOC                CRISIL A1+     500     Reaffirmed
LNV Technology Pvt Ltd                  BG                 CRISIL A3      250     Suspended
MEC Engineers (India)                   BG                 CRISIL A4+     90      Suspended
Mohib Shoes Pvt Ltd                     BG                 CRISIL A3      0.5     Suspended
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL A3      95      Suspended
                                        Negotiation
Mohib Shoes Pvt Ltd                     LOC                CRISIL A3      15      Suspended
Power Chem Plast Ltd                    LOC                CRISIL A4+     25      Assigned
Power Chem Plast Ltd                    Proposed NFBL      CRISIL A4+     10      Assigned
Pragati Electrocom Pvt Ltd              BG                 CRISIL A4+     61      Upgraded from
                                                                                  CRISIL A4
Roy Cashew Products                     LOC                CRISIL A4+     40      Assigned
RTS Power Corporation Ltd               BG                 CRISIL A4+     518.7   Reaffirmed
RTS Power Corporation Ltd               LOC                CRISIL A4+     395.5   Reaffirmed
Sanjay Chemicals India Pvt Ltd          LOC                CRISIL A3      2000    Reaffirmed
Subhash Infraengineers Pvt Ltd          BG                 CRISIL A3+     400     Assigned
Supreme Offshore Constructions and      BG                 CRISIL A3      300     Reaffirmed
Technical Services Ltd
Supreme Offshore Constructions and      LOC                CRISIL A3      150     Reaffirmed
Technical Services Ltd
Surya Vijay Saw Mill                    LOC                CRISIL A4      100     Assigned
Vijmohan Constructions Pvt Ltd          BG                 CRISIL A4+     20      Reaffirmed
Vijmohan Constructions Pvt Ltd          LOC                CRISIL A4+     10      Reaffirmed
Woven Fabric Company                    Packing Credit     CRISIL A4      25      Assigned
Woven Fabric Company                    BG                 CRISIL A4      2       Assigned


LONG TERM RATINGS:
-------------------
A. Geeri Pai Gold and Diamonds          CC                 CRISIL B       170     Downgraded
                                                                                  from CRISIL B+
A. Geeri Pai Gold and Diamonds          LT Loan            CRISIL B       134     Downgraded
                                                                                  from CRISIL B+
ABM Civil Ventures Pvt Ltd              Overdraft Fac      CRISIL B+      40      Reaffirmed
Adroit Infratech Pvt Ltd                TL                 CRISIL B+      56.6    Reaffirmed
Aether Industries Ltd                   Proposed LT Bk     CRISIL BB      10      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Aether Industries Ltd                   TL                 CRISIL BB      640     Upgraded from
                                                                                  CRISIL BB-
Aether Industries Ltd                   CC                 CRISIL BB      160     Upgraded from
                                                                                  CRISIL BB-
Aether Industries Ltd                   Bill Discounting   CRISIL BB      70      Upgraded from
                                                                                  CRISIL BB-
Aether Industries Ltd                   Standby Line of    CRISIL BB      10      Upgraded from
                                        Credit                                    CRISIL BB-
Aglar Power Ltd                         LT Loan            CRISIL D       164.4   Suspended
Akshay Constructions                    CC                 CRISIL BB-     60      Reaffirmed
Akshay Constructions                    LT Loan            CRISIL BB-     63.6    Reaffirmed
Akshay Constructions                    Proposed LT Bk     CRISIL BB-     26.4    Assigned
                                        Loan Fac
Balaji Impex                            CC*                CRISIL BB+     70      Reaffirmed
* Interchangeable with Letter of Credit
Balkrishna Sales Corporation            CC                 CRISIL BB-     85      Assigned
Bally Jute Co. Ltd                      CC                 CRISIL BBB     350     Suspended
Bhati Associates Pvt Ltd                CC                 CRISIL BB-     80      Reaffirmed
Bhumika Egg Educing Valley              CC                 CRISIL B+      13.3    Suspended
Bhumika Egg Educing Valley              Proposed LT Bk     CRISIL B+      9.2     Suspended
                                        Loan Fac
Bhumika Egg Educing Valley              TL                 CRISIL B+      47.5    Suspended
Bonny Baby Care Pvt Ltd                 CC                 CRISIL BB+     15      Upgraded from
                                                                                  CRISIL BB
Bonny Baby Care Pvt Ltd                 TL                 CRISIL BB+     41      Upgraded from
                                                                                  CRISIL BB
Brahmaputra Paper Pvt Ltd               CC                 CRISIL B+      30      Suspended
Brahmaputra Paper Pvt Ltd               Proposed LT Bk     CRISIL B+      84      Suspended
                                        Loan Fac
Brahmaputra Paper Pvt Ltd               TL                 CRISIL B+      1       Suspended
Chaitanya Hospital                      Overdraft Fac      CRISIL D       5       Suspended

Chaitanya Hospital                      Proposed LT Bk     CRISIL D       12.5    Suspended
                                        Loan Fac
Chaitanya Hospital                      TL                 CRISIL D       72.5    Suspended
Chowdary Spinners Ltd                   CC                 CRISIL B+      250     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Chowdary Spinners Ltd                   LT Loan            CRISIL B+      102.9   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Chowdary Spinners Ltd                   WC TL              CRISIL B+      17.1    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Dexler Information Solutions Pvt Ltd    CC                 CRISIL BB+     50      Reaffirmed
Dexler Information Solutions Pvt Ltd    Proposed LT Bk     CRISIL BB+     2.4     Reaffirmed
                                        Loan Fac
Esh Ispat Pvt Ltd                       TL                 CRISIL B+      48      Assigned
Esh Ispat Pvt Ltd                       Proposed LT Bk     CRISIL B+      15.3    Assigned
                                        Loan Fac
Esh Ispat Pvt Ltd                       CC                 CRISIL B+      30      Assigned
Imprint Vinimay Pvt Ltd                 TL                 CRISIL D       125     Suspended
Kanak Pipe Industries Pvt Ltd           Proposed LT Bk     CRISIL BB-     12.4    Assigned
                                        Loan Fac
Kanak Pipe Industries Pvt Ltd           LT Loan            CRISIL BB-     28.6    Assigned
Kanak Pipe Industries Pvt Ltd           CC                 CRISIL BB-     29      Assigned
Kanchi Karpooram Ltd                    Buyer Credit Limit CRISIL BB-     60      Downgraded
                                                                                  from CRISIL BB
Kanchi Karpooram Ltd                    CC                 CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Kanchi Karpooram Ltd                    Proposed LT Bk     CRISIL BB-     70      Downgraded
                                        Loan Fac                                  from CRISIL BB
Kargwal Constructions Pvt Ltd           CC                 CRISIL BB+     20      Reaffirmed
Kaur Sain Exports Ltd                   TL                 CRISIL BB-     45      Suspended
Kendre Agro Industries Ltd              TL                 CRISIL D       50      Suspended
KKR India Financial Services Pvt Ltd    Overdraft Fac#     CRISIL AA      0.9938  Reaffirmed
KKR India Financial Services Pvt Ltd    Proposed LT Bk     CRISIL AA      2.1562  Reaffirmed
                                        Loan Fac
KKR India Financial Services Pvt Ltd    TL                 CRISIL AA      5.85    Reaffirmed
Kotak Mahindra Investments Ltd          LT Bk Fac          CRISIL AAA     2000    Reaffirmed
Kotak Mahindra Investments Ltd          Proposed LT Bk     CRISIL AAA     1250    Reaffirmed
                                        Loan Fac*
*Interchangeable with short term facilities
Kotak Mahindra Investments Ltd          WC Demand Loan     CRISIL AAA     6750    Reaffirmed
L&T Technology Services Ltd             CC                 CRISIL AA+     2000    Reaffirmed
Manav Bharti Charitable Trust           LT Loan            CRISIL BB+     57      Suspended
Manav Bharti Charitable Trust           Proposed LT Bk     CRISIL BB+     135     Suspended
                                        Loan Fac
MEC Engineers (India)                   CC                 CRISIL BB      50      Suspended
Metals United Alloys And Fusion         CC                 CRISIL BB-     72.5    Suspended
Products Ltd
Metals United Alloys And Fusion         Proposed LT Bk     CRISIL BB-     64.5    Suspended
Products Ltd                            Loan Fac
Metals United Alloys And Fusion         TL                 CRISIL BB-     23      Suspended
Products Ltd
Mohib Shoes Pvt Ltd                     CC                 CRISIL BBB-    4.5     Suspended
Mohib Shoes Pvt Ltd                     Export Packing     CRISIL BBB-    115     Suspended
                                        Credit
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL BBB-    140     Suspended
                                        Purchase
Moon Diamonds                           Export Packing     CRISIL BBB-    170     Assigned
                                        Credit
Moon Diamonds                           Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
Nila Sandrock Granites Pvt Ltd          CC                 CRISIL D       5       Downgraded
                                                                                  from CRISIL B
Nila Sandrock Granites Pvt Ltd          TL                 CRISIL D       85      Downgraded
                                                                                  from CRISIL B
North Karnataka Expressway Ltd          NCD                CRISIL AAA     1376    Reaffirmed
Peethambra Granites Pvt Ltd             TL                 CRISIL BBB-    200     Reaffirmed
Power Chem Plast Ltd                    CC                 CRISIL BB      105     Assigned
Power Chem Plast Ltd                    TL                 CRISIL BB      20      Assigned
Pragati Electrocom Pvt Ltd              CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B
Pragati Electrocom Pvt Ltd              Proposed LT Bk     CRISIL BB-     54      Upgraded from
                                        Loan Fac                                  CRISIL B
R. K. Natural Fibre Pvt Ltd             CC                 CRISIL B+      68      Assigned
R. K. Natural Fibre Pvt Ltd             Proposed LT Bk     CRISIL B+      22      Assigned
                                        Loan Fac
Rawalwasia Steel Plant Pvt Ltd          CC                 CRISIL B+      120     Suspended
Roy Cashew Products                     CC                 CRISIL BB-     115     Assigned
RTS Power Corporation Ltd               CC                 CRISIL BB-     224.9   Reaffirmed
RTS Power Corporation Ltd               Proposed LT Bk     CRISIL BB-     85.7    Reaffirmed
                                        Loan Fac
RTS Power Corporation Ltd               TL                 CRISIL BB-     19.7    Reaffirmed
Runwal Agri Tech                        LT Loan            CRISIL B       100     Suspended
Sanjay Chemicals India Pvt Ltd          CC                 CRISIL BBB-    200     Reaffirmed
Sanjay Chemicals India Pvt Ltd          Proposed LT Bk     CRISIL BBB-    4       Reaffirmed
                                        Loan Fac
Sardar Solvex Pvt Ltd                   CC                 CRISIL BB-     60      Assigned
Shubban Properties - Vision Royalle     TL                 CRISIL BB-     80      Suspended
Sonam Builders                          TL                 CRISIL BB+     1000    Reaffirmed
Subhash Infraengineers Pvt Ltd          CC                 CRISIL BBB     150     Assigned
Supreme Offshore Constructions and      CC                 CRISIL BBB-    600     Reaffirmed
Technical Services Ltd
Surya Vijay Saw Mill                    CC                 CRISIL B+      20      Assigned
Swami Feeds Pvt Ltd                     CC                 CRISIL BB+     400     Reaffirmed
Swami Feeds Pvt Ltd                     LT Loan            CRISIL BB+     200     Assigned
Vijmohan Constructions Pvt Ltd          CC                 CRISIL BB-     40      Reaffirmed
Vijmohan Constructions Pvt Ltd          LT Loan            CRISIL BB-     50      Reaffirmed
Vishal Paper Mills Pvt Ltd              CC                 CRISIL B+      30      Suspended
Vishal Paper Mills Pvt Ltd              LT Loan            CRISIL B+      30      Suspended
Vishal Paper Mills Pvt Ltd              Proposed LT Bk     CRISIL B+      62.5    Suspended
                                        Loan Fac
Vishal Paper Mills Pvt Ltd              SME Credit         CRISIL B+      2.5     Suspended
Vishhram NLP Associates                 Proposed LT Bk     CRISIL D       20      Suspended
                                        Loan Fac
Vishhram NLP Associates                 TL                 CRISIL D       60      Suspended
World Gold Junction Pvt Ltd             CC                 CRISIL BB-     200     Assigned
Woven Fabric Company                    Proposed LT Bk     CRISIL B+      55.3    Assigned
                                        Loan Fac
Woven Fabric Company                    LT Loan            CRISIL B+      3.7     Assigned
Woven Fabric Company                    CC                 CRISIL B+      14      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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below