Reuters logo
CRISIL ratings for Indian debt instruments-Jan 12
January 12, 2017 / 4:31 AM / a year ago

CRISIL ratings for Indian debt instruments-Jan 12

Jan 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 11, 2017.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Arjan Impex Pvt Ltd                     Packing Credit in  CRISIL A4+     430     Reaffirmed
                                        Foreign Currency
Baazar Retail Ltd                       BG                 CRISIL A2+     2.5     Reaffirmed
Chenduran Cotspin India Pvt Ltd         BG                 CRISIL A4+     8.5     Assigned
Chenduran Cotspin India Pvt Ltd         LOC                CRISIL A4+     85      Assigned
D. D. Enterprises (Pune)                BG                 CRISIL A4+     95      Reaffirmed
D. D. Enterprises (Pune)                Proposed BG        CRISIL A4+     105     Reaffirmed
DF Power Systems Pvt Ltd                LOC*               CRISIL A3+     430     Downgraded
                                                                                  from CRISIL A2
*fully interchangeable with bank guarantee
Fresco Plus Ceramic Pvt Ltd             BG                 CRISIL A4      5       Reaffirmed
Himatsingka Seide Ltd                   BG                 CRISIL A2+     55      Reaffirmed
Himatsingka Seide Ltd                   Export Finance     CRISIL A2+     1000    Reaffirmed
                                        Limit*
*Interchangeable with bills discounting and export factoring 
Himatsingka Seide Ltd                   LOC                CRISIL A2+     1940    Reaffirmed
Himatsingka Seide Ltd                   Packing Credit#    CRISIL A2+     1550    Reaffirmed
 #Interchangeable with bills discounting
Kaka Carpets                            Export Packing     CRISIL A4+     35      Reaffirmed
                                        Credit
Kaka Carpets                            Foreign Bill       CRISIL A4+     50      Reaffirmed
                                        Purchase
Kaka Carpets                            Proposed ST Bk     CRISIL A4+     50      Reaffirmed
                                        Loan Fac
Leader Valves Ltd                       LOC & BG           CRISIL A3      150     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Microfinish Valves Pvt Ltd              BG**               CRISIL A4+     200     Downgraded
                                                                                  from CRISIL A3
**Interchangeable with foreign letter of credit.
Microfinish Valves Pvt Ltd              Packing Credit     CRISIL A4+     50      Downgraded
                                                                                  from CRISIL A3
Pee Vee Textiles Ltd                    BG                 CRISIL A2      200     Reaffirmed
Pee Vee Textiles Ltd                    LOC                CRISIL A2      200     Reaffirmed
Plastiblends India Ltd                  LOC^               CRISIL A1      200     Reaffirmed
^Interchangeable with buyer's credit
Plastiblends India Ltd                  LOC & BG           CRISIL A1      46      Reaffirmed
Shri Sai Construction Co.               Proposed BG        CRISIL A4+     71      Assigned
Shri Sai Construction Co.               BG                 CRISIL A4+     80      Assigned
Simms Engineering Pvt Ltd               BG                 CRISIL A4+     67.5    Reaffirmed
Simms Engineering Pvt Ltd               Bill               CRISIL A4+     45      Reaffirmed
                                        Pur-Discounting Fac
Sterling India                          Inland/Import LOC  CRISIL A4+     90      Reaffirmed
Surya Shakti Vessels Pvt Ltd            LOC                CRISIL A3      20      Assigned
Surya Shakti Vessels Pvt Ltd            BG                 CRISIL A3      20      Assigned
TD Power Systems Ltd                    BG                 CRISIL A1      1080    Reaffirmed
TD Power Systems Ltd                    BG$                CRISIL A1      150     Reaffirmed
$ Fully interchangeable with letter of credit
TD Power Systems Ltd                    LOC                CRISIL A1      350     Reaffirmed
Texmo Pipes and Products Ltd            BG                 CRISIL A4+     120.8   Reaffirmed
Texmo Pipes and Products Ltd            LOC                CRISIL A4+     340     Reaffirmed
Vinayak Polymers Inc.                   LOC                CRISIL A4      50      Reaffirmed
Yash Poly Industries Pvt Ltd            BG                 CRISIL A4+     0.5     Reaffirmed

LONG TERM RATINGS:
-------------------
Arjan Impex Pvt Ltd                     LT Loan            CRISIL BB      90      Reaffirmed
Arjan Impex Pvt Ltd                     Proposed WC Fac    CRISIL BB      10      Assigned
Asian Multiplexes Pvt Ltd               LT Loan            CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Asian Multiplexes Pvt Ltd               Overdraft          CRISIL BB+     25      Upgraded from
                                                                                  CRISIL BB
Baazar Retail Ltd                       CC                 CRISIL A-      400.5   Reaffirmed
Chenduran Cotspin India Pvt Ltd         Proposed WC Fac    CRISIL BB+     5.9     Assigned
Chenduran Cotspin India Pvt Ltd         LT Loan            CRISIL BB+     77.6    Assigned
Chenduran Cotspin India Pvt Ltd         External           CRISIL BB+     18      Assigned
                                        Commercial
                                        Borrowings
Chenduran Cotspin India Pvt Ltd         CC                 CRISIL BB+     215     Assigned
D. D. Enterprises (Pune)                CC                 CRISIL BB      50      Reaffirmed
D. D. Enterprises (Pune)                Proposed CC Limit  CRISIL BB      50      Reaffirmed
DF Power Systems Pvt Ltd                CC                 -              30      Downgraded
                                                                                  from CRISIL
                                                                                  BBB+ /
                                                                                  Withdrawn
DF Power Systems Pvt Ltd                LOC                -              500     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+ /
                                                                                  Withdrawn
Fresco Plus Ceramic Pvt Ltd             CC                 CRISIL B       22.5    Reaffirmed
Fresco Plus Ceramic Pvt Ltd             Proposed TL        CRISIL B       37.5    Reaffirmed
Fresco Plus Ceramic Pvt Ltd             TL                 CRISIL B       60      Reaffirmed
GMP Weaving Mills Pvt Ltd               CC                 CRISIL B+      10      Assigned
GMP Weaving Mills Pvt Ltd               LT Loan            CRISIL B+      164     Assigned
Grover Agro Food Pvt Ltd                TL                 CRISIL B       52      Assigned
Himatsingka Seide Ltd                   Proposed WC Fac    CRISIL A-      116.1   Reaffirmed
Himatsingka Seide Ltd                   TL                 CRISIL A-      11150.2 Reaffirmed
Himatsingka Seide Ltd                   WC Fac             CRISIL A-      450     Reaffirmed

Kaka Carpets                            Standby Line of    CRISIL BB      15      Reaffirmed
                                        Credit
Leader Valves Ltd                       CC                 CRISIL BBB-    120     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Microfinish Valves Pvt Ltd              CC/ Overdraft Fac  CRISIL BB+     400     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Microfinish Valves Pvt Ltd              Foreign Bill       CRISIL BB+     50      Downgraded
                                        Discounting*                              from CRISIL
                                                                                  BBB-
*Interchangeable with foreign bill exchange.
Microfinish Valves Pvt Ltd              TL                 CRISIL BB+     290     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Pee Vee Textiles Ltd                    CC                 CRISIL BBB+    800     Reaffirmed
Pee Vee Textiles Ltd                    Standby LOC        CRISIL BBB+    100     Reaffirmed
Pee Vee Textiles Ltd                    TL                 CRISIL BBB+    2850    Reaffirmed
Plastiblends India Ltd                  CC*                CRISIL A+      210     Reaffirmed
*Interchangeable with packing credit, buyer's credit, post-shipment credit in foreign currency,
working capital demand loan, and export bill discounting.
Plastiblends India Ltd                  Packing Credit**   CRISIL A+      700     Reaffirmed
**Interchangeable with cash credit, export bill discounting, buyer's credit, post-shipment in
foreign currency, and working capital demand loan.
Plastiblends India Ltd                  Proposed FB Bk     CRISIL A+      4       Reaffirmed
                                        Limits
Rathna Stores Firm Purasai              CC                 CRISIL B       75      Assigned
Rathna Stores Firm Purasai              TL                 CRISIL B       25      Assigned
Shri Sai Construction Co.               Overdraft          CRISIL BB      10      Assigned
Simms Engineering Pvt Ltd               Bill Discounting   CRISIL BB      30      Reaffirmed
Simms Engineering Pvt Ltd               CC                 CRISIL BB      75      Reaffirmed
Simms Engineering Pvt Ltd               Proposed LT Bk     CRISIL BB      5.9     Reaffirmed
                                        Loan Fac
Simms Engineering Pvt Ltd               TL                 CRISIL BB      0.8     Reaffirmed
Sterling India                          CC                 CRISIL BB+     40      Reaffirmed
Sterling India                          Proposed LT Bk     CRISIL BB+     50      Reaffirmed
                                        Loan Fac
Surya Shakti Vessels Pvt Ltd            Proposed FB Bk     CRISIL BBB-    10      Assigned
                                        Limits
Surya Shakti Vessels Pvt Ltd            CC                 CRISIL BBB-    130     Assigned
TD Power Systems Ltd                    CC*                CRISIL A-      700     Reaffirmed
*Includes sublimit of Rs.10 crore for packing credit and Rs.5 crore for inland bill discounting
under letter of credit.
TD Power Systems Ltd                    CC#                CRISIL A-      50      Reaffirmed
# Fully interchangeable with short-term loan
Texmo Pipes and Products Ltd            CC                 CRISIL BB+     460     Reaffirmed
Texmo Pipes and Products Ltd            Standby Line of    CRISIL BB+     30      Reaffirmed
                                        Credit
Texmo Pipes and Products Ltd            TL                 CRISIL BB+     49.2    Reaffirmed
Vinayak Polymers Inc.                   CC                 CRISIL B+      200     Reaffirmed
Yash Poly Industries Pvt Ltd            CC                 CRISIL BB      100     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)

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