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CRISIL ratings for Indian debt instruments-Feb 3
February 3, 2017 / 5:56 AM / 10 months ago

CRISIL ratings for Indian debt instruments-Feb 3

Feb 3 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 2, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ADD Pens Pvt Ltd                        BG                 CRISIL A3+     5       Reaffirmed
ADD Pens Pvt Ltd                        LOC                CRISIL A3+     12.5    Reaffirmed
Afflatus International                  Packing Credit     CRISIL A3      150     Assigned
Bhupendra Steels Pvt Ltd                Bill Discounting   CRISIL A3      30      Reaffirmed
Bhupendra Steels Pvt Ltd                LOC                CRISIL A3      70      Reaffirmed
Bhupendra Steels Pvt Ltd                Pre Shipment Fac   CRISIL A3      20      Reaffirmed
BSL Castings Pvt Ltd                    Post Shipment      CRISIL A3      70      Reaffirmed
                                        Credit
Chemi Pack India Pvt Ltd                LOC                CRISIL A2+(SO) 80      Reassigned
Deco Gold Glazed Tiles Ltd              BG                 CRISIL A4      15      Reaffirmed
Ganesan Builders Ltd                    BG                 CRISIL A4+     120     Reaffirmed
J. M. Financial and Investment          ST Debt Programme  CRISIL A1+     1000    Reaffirmed
Consultancy Services Pvt Ltd
JSW Cement Ltd                          LOC^               CRISIL A3      1500    #
^ Rs 30 crore is interchangeable with cash credit
Polyhose India Pvt Ltd                  ST Bk Fac          CRISIL A2+     550     Reassigned
Raj Vehicles Pvt Ltd                    Inventory Funding  CRISIL A4      80      Reassigned
                                        Fac
Raj Vehicles Pvt Ltd                    Proposed ST Bk     CRISIL A4      60      Reassigned
                                        Loan Fac
Rajasekar Textile                       Bill Purchase      CRISIL A4      90      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Rajasekar Textile                       Packing Credit     CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Replika Press Pvt Ltd                   BG                 CRISIL A2+     10      Reaffirmed
Replika Press Pvt Ltd                   LOC                CRISIL A2+     30      Reaffirmed
Rhenus Logistics India Pvt Ltd          BG                 CRISIL A3      12.5    Reaffirmed
Royal Classic Mills Pvt Ltd             Packing Credit     CRISIL A2      1288.6  Upgraded from
                                                                                  CRISIL A3+
Shree Shakti Ceramics - Mehsana         LOC                CRISIL A3      10      Assigned
Solas Fire Safety Equipment Pvt Ltd     BG                 CRISIL A4      55      Reaffirmed
Tata Motors Finance Solutions Ltd       CP Programme       CRISIL A1+     20000   Reaffirmed

LONG TERM RATINGS:
-------------------
ADD Pens Pvt Ltd                        CC                 CRISIL BBB     35      Reaffirmed
ADD Pens Pvt Ltd                        Proposed LT Bk     CRISIL BBB     22.5    Reaffirmed
                                        Loan Fac
Afflatus International                  Foreign LOC        CRISIL BBB-    50      Assigned
Bhupendra Steels Pvt Ltd                CC                 CRISIL BBB-    120     Reaffirmed
Bhupendra Steels Pvt Ltd                TL                 CRISIL BBB-    40      Reaffirmed
BSL Castings Pvt Ltd                    CC                 CRISIL BBB-    170     Reaffirmed
BSL Castings Pvt Ltd                    Proposed LT Bk     CRISIL BBB-    10      Reaffirmed
                                        Loan Fac
BSL Castings Pvt Ltd                    TL                 CRISIL BBB-    130     Reaffirmed
Chemi Pack India Pvt Ltd                CC                 CRISIL A-(SO)  35      Reassigned
Deco Gold Glazed Tiles Ltd              CC                 CRISIL B-      50      Reaffirmed
Deco Gold Glazed Tiles Ltd              Proposed LT Bk     CRISIL B-      60      Reaffirmed
                                        Loan Fac
Dinco 4 Wheels LLP                      CC                 CRISIL B+      20      Upgraded from
                                                                                  CRISIL B
Dinco 4 Wheels LLP                      Electronic Dealer  CRISIL B+      220     Upgraded from
                                        Financing                                 CRISIL B
                                        Scheme(e-DFS)
DP Cocoa Products Pvt Ltd               CC                 CRISIL BBB+    100     Upgraded from
                                                                                  CRISIL BBB
DP Cocoa Products Pvt Ltd               Proposed LT Bk     CRISIL BBB+    25      Upgraded from
                                        Loan Fac                                  CRISIL BBB
Ganesan Builders Ltd                    CC                 CRISIL BB-     170     Reaffirmed
Ganesan Builders Ltd                    Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
Halo Energie Pvt Ltd                    LT Loan            CRISIL BB+     125     Assigned
JSW Cement Ltd                          CC                 CRISIL BBB-    390     #
JSW Cement Ltd                          LOC                CRISIL BBB-    750     #
JSW Cement Ltd                          TL                 CRISIL BBB-    880     #
Mustang Services                        Open CC            CRISIL B+      60      Reaffirmed
Mustang Services                        Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
N P Rajagopal Chetty and Co             CC                 CRISIL B+      60      Reaffirmed
Nanma Properties Pvt Ltd                CC                 CRISIL BB      180     Assigned
Nanma Properties Pvt Ltd                WC Demand Loan     CRISIL BB      30      Assigned
Naveen Hotels Ltd                       LT Loan            CRISIL BBB+(SO)400     Reaffirmed
Polyhose India Pvt Ltd                  Proposed LT Bk     CRISIL A-      180     Reaffirmed
                                        Loan Fac
Polyhose India Pvt Ltd                  TL                 CRISIL A-      70      Reaffirmed
R.P. Singh Crusher and Construction     CC                 CRISIL B       70.7    Assigned
Company
Raj Vehicles Pvt Ltd                    CC                 CRISIL B+      110     Reaffirmed
Replika Press Pvt Ltd                   CC                 CRISIL A-      495     Reaffirmed
Replika Press Pvt Ltd                   Proposed LT Bk     CRISIL A-      0.3     Reaffirmed
                                        Loan Fac
Replika Press Pvt Ltd                   Standby LOC        CRISIL A-      50      Reaffirmed
Replika Press Pvt Ltd                   TL                 CRISIL A-      286.7   Reaffirmed
Rhenus Logistics India Pvt Ltd          CC                 CRISIL BBB-    170     Reaffirmed
Rhenus Logistics India Pvt Ltd          Proposed LT Bk     CRISIL BBB-    8       Reaffirmed
                                        Loan Fac
Rhenus Logistics India Pvt Ltd          TL                 CRISIL BBB-    9.5     Reaffirmed
Royal Classic Mills Pvt Ltd             CC                 CRISIL BBB+    257.5   Upgraded from
                                                                                  CRISIL BBB
Royal Classic Mills Pvt Ltd             LT Loan            CRISIL BBB+    945.7   Upgraded from
                                                                                  CRISIL BBB
Royal Classic Mills Pvt Ltd             Proposed LT Bk     CRISIL BBB+    208.2   Upgraded from
                                        Loan Fac                                  CRISIL BBB
Saurashtra Ginning Pvt Ltd              CC                 CRISIL B       67.5    Reaffirmed
Saurashtra Ginning Pvt Ltd              Proposed LT Bk     CRISIL B       4.1     Reaffirmed
                                        Loan Fac
Saurashtra Ginning Pvt Ltd              TL                 CRISIL B       18.4    Reaffirmed
Shree Shakti Ceramics - Mehsana         TL                 CRISIL BBB-    28.5    Assigned
Shree Shakti Ceramics - Mehsana         CC                 CRISIL BBB-    40      Assigned
Shri Balaji Rohilkhand Rice Mills Pvt   CC                 CRISIL BB-     300     Assigned
Ltd
Shri Balaji Rohilkhand Rice Mills Pvt   Proposed LT Bk     CRISIL BB-     45      Assigned
Ltd                                     Loan Fac
Shri Balaji Rohilkhand Rice Mills Pvt   TL                 CRISIL BB-     20      Assigned
Ltd
Solas Fire Safety Equipment Pvt Ltd     CC                 CRISIL B+      44.5    Reaffirmed
Solas Fire Safety Equipment Pvt Ltd     Proposed LT Bk     CRISIL B+      40.5    Assigned
                                        Loan Fac
Tata Motors Finance Solutions Ltd       NCDs               CRISIL AA      20000   Reaffirmed
Tata Motors Finance Solutions Ltd       Subordinated Debt  CRISIL AA      2000    Reaffirmed
Tulsi Dall Mill                         CC                 CRISIL B       99      Reaffirmed
Vaishno Devi Food Products Pvt Ltd      CC                 CRISIL BB-     135     Withdrawal
Vaishno Devi Food Products Pvt Ltd      TL                 Withdrawal     20      Withdrawal


--------------------------------------------------------------------------------------------
$: 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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