February 14, 2017 / 7:32 AM / 9 months ago

CRISIL ratings for Indian debt instruments-Feb 14

    Feb 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 13, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aditya Birla Money Ltd                  ST Debt Programme  CRISIL A1+     1500    Reaffirmed
Advance Cable Technologies Pvt Ltd      BG                 CRISIL A4+     45      Reaffirmed
Advance Cable Technologies Pvt Ltd      Foreign Exchange   CRISIL A4+     1.5     Reaffirmed
                                        Forward
Advance Cable Technologies Pvt Ltd      LOC                CRISIL A4+     145     Reaffirmed
A-I Enterprises Pvt Ltd                 Foreign Bill       CRISIL A4+     180     Reaffirmed
                                        Purchase
A-I Enterprises Pvt Ltd                 Inventory Funding  CRISIL A4+     150     Reaffirmed
                                        Fac
A-I Enterprises Pvt Ltd                 Packing Credit     CRISIL A4+     350     Reaffirmed
Augustan Knitwear Pvt Ltd               Bill Discounting   CRISIL A4+     190     Reaffirmed
Augustan Knitwear Pvt Ltd               LOC                CRISIL A4+     60      Reaffirmed
Augustan Knitwear Pvt Ltd               Packing Credit     CRISIL A4+     100     Reaffirmed
Avon Tubetech Pvt Ltd                   BG                 CRISIL A4+     10      Downgraded
                                                                                  from CRISIL A3
BMR Exports                             Packing Credit     CRISIL A4+     270.5   Reaffirmed
Commercial Syn Bags Ltd                 LOC                CRISIL A3+     10      Reaffirmed
Commercial Syn Bags Ltd                 LOC & BG           CRISIL A3+     50      Reaffirmed
Diwanka Energy Pvt Ltd                  LOC                CRISIL A4      15      Reaffirmed
Kartik Industries                       Inland/Import LOC  CRISIL A4+     250     Reaffirmed
Kathiawar Steels                        LOC                CRISIL A4+     350     Upgraded from
                                                                                  CRISIL A4
Kathiawar Steels                        Proposed ST Bk     CRISIL A4+     80      Upgraded from
                                        Loan Fac                                  CRISIL A4
Maharashtra Aldehydes & Chemicals Ltd   BG                 CRISIL A3      57.5    Reaffirmed
Maharashtra Aldehydes & Chemicals Ltd   LOC                CRISIL A3      30      Reaffirmed
Malhotra Constructions Pvt. Ltd.        BG                 CRISIL A4      110     Reaffirmed
Maya Exports Corporation                BG                 CRISIL A4+     1       Reaffirmed
P. S. Infrabuild Pvt Ltd                BG                 CRISIL A4+     46      Reaffirmed
Progress Traders                        LOC                CRISIL A4      50      Reaffirmed
Rine Engineering Pvt Ltd                BG                 CRISIL A4+     10      Reaffirmed
Rohilkhand Educational Charitable Trust BG                 CRISIL A2      82      Reaffirmed
Shreyas India Pvt Ltd                   BG                 CRISIL A4      40      Downgraded
                                                                                  from CRISIL A4
Swati Energy and Projects Pvt Ltd       BG                 CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Swati Energy and Projects Pvt Ltd       Letter Of GuaranteeCRISIL A4+     30      Upgraded from
                                                                                  CRISIL A4
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      480     Reaffirmed
Vijaynath Roof And Wall Cladding        BG                 CRISIL A4      150     Reaffirmed
Systems Pvt Ltd
Vijaynath Roof And Wall Cladding        LOC                CRISIL A4      52.5    Reaffirmed
Systems Pvt Ltd

LONG TERM RATINGS:
-------------------
Achievers Builders Pvt Ltd              TL                 CRISIL D       218.2   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Advance Cable Technologies Pvt Ltd      CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Agarwal Automobiles - Varanasi          CC                 CRISIL BB-     30      Reaffirmed
Agarwal Automobiles - Varanasi          Electronic Dealer  CRISIL BB-     100     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
A-I Enterprises Pvt Ltd                 LT Loan            CRISIL BB+     90      Reaffirmed
Augustan Knitwear Pvt Ltd               LT Loan            CRISIL BB+     115     Upgraded from
                                                                                  CRISIL BB
Avon Tubetech Pvt Ltd                   Bill Discounting   CRISIL BB+     20      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Avon Tubetech Pvt Ltd                   Buyer`s Credit     CRISIL BB+     215     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Avon Tubetech Pvt Ltd                   Overdraft          CRISIL BB+     195     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Avon Tubetech Pvt Ltd                   TL                 CRISIL BB+     295     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Avon Tubetech Pvt Ltd                   WC Demand Loan     CRISIL BB+     15      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Benchmark IT Solutions India Pvt Ltd    Rupee TL           CRISIL B+      100     Assigned
Bhola Nath Naresh Kumar                 CC                 CRISIL B       38.5    Upgraded from
                                                                                  CRISIL B-
Bhola Nath Naresh Kumar                 Proposed LT Bk     CRISIL B       1.5     Upgraded from
                                        Loan Fac                                  CRISIL B-
Bhola Nath Rakesh Kumar                 CC                 CRISIL B       60.2    Upgraded from
                                                                                  CRISIL B-
Commercial Syn Bags Ltd                 CC                 CRISIL BBB     76.5    Reaffirmed
Commercial Syn Bags Ltd                 Export Packing     CRISIL BBB     215.5   Reaffirmed
                                        Credit

Commercial Syn Bags Ltd                 TL                 CRISIL BBB     273.5   Reaffirmed
Crackers India (Alloys) Ltd             WC TL              CRISIL C       20.2    Assigned
Crackers India (Alloys) Ltd             CC                 CRISIL C       40      Assigned
Crackers India (Alloys) Ltd             Proposed LT Bk     CRISIL C       39.8    Assigned
                                        Loan Fac
Dev Prayag Paper Mill Pvt Ltd           CC                 CRISIL B       20      Upgraded from
                                                                                  CRISIL B-
Dev Prayag Paper Mill Pvt Ltd           TL                 CRISIL B       70      Upgraded from
                                                                                  CRISIL B-
Devi Enterprises - Erode                CC*                CRISIL BB      50      Assigned
*Includes sublimit to the extent of Rs.2 crore for LC
Devi Enterprises - Erode                Proposed WC Fac    CRISIL BB      100     Assigned
Diwanka Energy Pvt Ltd                  CC                 CRISIL B       70      Reaffirmed
Garvit Hospitality & Infracon Pvt Ltd   CC                 CRISIL B-      17.5    Assigned
Garvit Hospitality & Infracon Pvt Ltd   TL                 CRISIL B-      132.5   Assigned
Harshna Fruits                          CC                 CRISIL B       70      Upgraded from
                                                                                  CRISIL B-
Harshna Ice and Cold Storage Pvt Ltd    TL                 CRISIL B       100     Upgraded from
                                                                                  CRISIL B-
HCL Technologies Ltd                    Corporate Credit   CCR AAA        -       Reaffirmed
                                        Rating
JM Financial Credit Solutions Ltd       CC                 CRISIL AA      1750    Reaffirmed
JM Financial Credit Solutions Ltd       LT Loan            CRISIL AA      6250    Reaffirmed
JM Financial Credit Solutions Ltd       Proposed LT Bk     CRISIL AA      17000   Reaffirmed
                                        Loan Fac
Kartik Industries                       CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Kathiawar Steels                        CC                 CRISIL BB-     40      Upgraded from
                                                                                  CRISIL B+
Kathiawar Steels                        Proposed LT Bk     CRISIL BB-     30      Upgraded from
                                        Loan Fac                                  CRISIL B+
Khandelwal Ginning and Pressing         CC                 CRISIL B+      45      Reaffirmed
Khandelwal Ginning and Pressing         Proposed CC Limit  CRISIL B+      30      Reaffirmed
Kogta Financial India Ltd               CC                 CRISIL BB+     200     Reaffirmed
Kogta Financial India Ltd               TL                 CRISIL BB+     50      Reaffirmed
Maharashtra Aldehydes & Chemicals Ltd   CC                 CRISIL BBB-    100     Reaffirmed
Maharashtra Aldehydes & Chemicals Ltd   Corporate Loan     CRISIL BBB-    8.5     Reaffirmed
Maharashtra Aldehydes & Chemicals Ltd   Export Packing     CRISIL BBB-    30      Reaffirmed
                                        Credit
Maharashtra Aldehydes & Chemicals Ltd   Proposed LT Bk     CRISIL BBB-    10      Reaffirmed
                                        Loan Fac
Malhotra Constructions Pvt. Ltd.        CC                 CRISIL B+      30      Reaffirmed
Maya Exports Corporation                Secured Overdraft  CRISIL BB+     24      Reaffirmed
                                        against term
                                        deposits
Maya Exports Corporation                Proposed TL        CRISIL BB+     53.5    Reaffirmed
Maya Exports Corporation                Foreign Bill       CRISIL BB+     307.5   Reaffirmed
                                        Discounting*
*Includes sublimit of letter of credit of Rs 6 crore and direct dispatch of documents to
overseas buyers of Rs 13 crore. Packing credit facility is fully interchangeable with foreign
bill discounting.
MPG Hotels and Infrastructure Ventures  Proposed LT Bk     CRISIL BB      1058.3  Reaffirmed
Pvt Ltd                                 Loan Fac
N.S.K. Builders Pvt Ltd                 BG                 CRISIL D       270     Downgraded
                                                                                  from CRISIL A4
N.S.K. Builders Pvt Ltd                 CC                 CRISIL D       150     Downgraded
                                                                                  from CRISIL B
N.S.K. Builders Pvt Ltd                 Open CC            CRISIL D       80      Downgraded
                                                                                  from CRISIL B
P. S. Infrabuild Pvt Ltd                CC                 CRISIL BB-     15      Downgraded
                                                                                  from CRISIL BB
P. S. Infrabuild Pvt Ltd                Proposed LT Bk     CRISIL BB-     22.4    Downgraded
                                        Loan Fac                                  from CRISIL BB
P. S. Infrabuild Pvt Ltd                TL                 CRISIL BB-     1.6     Downgraded
                                                                                  from CRISIL BB
Progress Traders                        CC                 CRISIL B+      50      Reaffirmed
Ramanuj Cotton Corporation              CC                 CRISIL B+      74      Upgraded from
                                                                                  CRISIL B
Ramanuj Cotton Corporation              Proposed LT Bk     CRISIL B+      6       Upgraded from
                                        Loan Fac                                  CRISIL B
Rine Engineering Pvt Ltd                CC                 CRISIL BB-     90      Reaffirmed
Rohilkhand Educational Charitable Trust Proposed LT Bk     CRISIL BBB+    167.5   Reaffirmed
                                        Loan Fac
S.G.N. Charitable Trust (R)             LT Loan            CRISIL B       75      Reaffirmed
Sera Exports                            Bill Discounting   CRISIL B+      40      Reaffirmed
Sera Exports                            Export Packing     CRISIL B+      60      Reaffirmed
                                        Credit
Sera Exports                            Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Shreyas India Pvt Ltd                   CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Shreyas India Pvt Ltd                   Proposed LT Bk     CRISIL B       92      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Sivika Foods Pvt Ltd                    CC                 CRISIL BB+     120     Upgraded from
                                                                                  CRISIL BB
Sivika Foods Pvt Ltd                    Proposed LT Bk     CRISIL BB+     20      Upgraded from
                                        Loan Fac                                  CRISIL BB
SJP Global Ltd                          Rupee TL           CRISIL D       240     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
SKM Siddha and Ayurvedha Company India  CC                 CRISIL BB+     50      Assigned
Pvt Ltd
Swati Energy and Projects Pvt Ltd       CC                 CRISIL BB-     95      Reaffirmed
Swati Energy and Projects Pvt Ltd       Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
TD Power Systems Ltd                    CC*                CRISIL A-      900     Reaffirmed
* Includes sublimit of Rs 50 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
Veekesy Polymers Pvt Ltd                CC                 CRISIL BBB-    80      Assigned
Veekesy Polymers Pvt Ltd                LT Loan            CRISIL BBB-    25      Assigned
Vijaynath Roof And Wall Cladding        CC                 CRISIL B       20      Upgraded from
Systems Pvt Ltd                                                                   CRISIL B-
Vijaynath Roof And Wall Cladding        Proposed LT Bk     CRISIL B       128     Upgraded from
Systems Pvt Ltd                         Loan Fac                                  CRISIL B-
Vijaynath Roof And Wall Cladding        TL                 CRISIL B       27      Upgraded from
Systems Pvt Ltd                                                                   CRISIL B-
--------------------------------------------------------------------------------------------
$: 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