August 21, 2019 / 5:48 AM / 25 days ago

CORRECTED-CRISIL ratings for Indian debt instruments-Aug 21

 (Correcting Rating for Mirae Asset Global Investments India Pvt Ltd.)
    Aug 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 20, 2019.


COMPANY                               INSTRUMENT           RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                ----------           ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aanuj Infraprojects Pvt Ltd             BG                 CRISIL A4+     43
Anil Kumar and Company                  BG                 CRISIL A4+     1000    Migrated
(Issuer Not Cooperating)
Anil Kumar and Company                  BG                 CRISIL A4+     1000    Migrated
(Issuer Not Cooperating)
Anjana Constructions                    BG                 CRISIL A4      20      Reaffirmed
Aswini Homeo And Ayurvedic Products Pvt Overdraft          CRISIL A3      100     Reassigned
Ltd
Baba Construction                       BG                 CRISIL A4      31.5    Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Bishwa Raman Kumar Singh                BG                 CRISIL A4+     50      Assigned
Centurywells Roofing India Pvt Ltd      LOC                CRISIL A2+     200     Assigned
Cyano Pharma Pvt Ltd                    BG                 CRISIL A4+     22.5    Reaffirmed
Cyano Pharma Pvt Ltd                    LOC                CRISIL A4+     2.5     Reaffirmed
Harshni Textiles Ltd                    BG                 CRISIL A3+     20      Reaffirmed
Harshni Textiles Ltd                    Import LOC Limit   CRISIL A3+     60      Reaffirmed
Harshni Textiles Ltd                    Packing Credit     CRISIL A3+     40      Reaffirmed
Hi - Tech Packaging                     Foreign LOC        CRISIL A4      22.5
(Issuer Not Cooperating)
HPM Chemicals and Fertilizers Ltd       LOC                CRISIL A2      100     Reaffirmed
Ideal Dealers Pvt Ltd                   Proposed ST Bk     CRISIL A4+     10      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
IIFL Alternate Asset Advisors Ltd       CP                 CRISIL A1+             Reaffirmed
                                        Programme                      
IIFL Facilities Services Ltd            CP Programme(IPO   CRISIL A1+     50000   Reaffirmed
                                        Financing)
IIFL Facilities Services Ltd            CP                 CRISIL A1+     30000   Reaffirmed
IIFL Finance Ltd                        CP                 CRISIL A1+             Reaffirmed
IIFL Home Finance Ltd                   CP                 CRISIL A1+     50000   Reaffirmed
IIFL Securities Ltd                     CP                 CRISIL A1+             Reaffirmed
IIFL Wealth Finance Ltd                 CP                 CRISIL A1+             Reaffirmed
                                        Programme (IPO                 
                                        Financing)
IIFL Wealth Finance Ltd                 CP                 CRISIL A1+             Reaffirmed
IIFL Wealth Finance Ltd                 CP                 CRISIL A1+             Withdrawn
                                        Issue*
*Assigned for initial public offering financing on an episodic basis                 
IIFL Wealth Management Ltd              CP                 CRISIL A1+             Reaffirmed
                                        Programme (IPO                 
                                        Financing)
IIFL Wealth Management Ltd              CP                 CRISIL A1+             Reaffirmed
                                        Programme                      
IIFL Wealth Management Ltd              CP                 CRISIL A1+             Withdrawn
                                        Issue*
*Assigned for initial public offering financing on an episodic basis                         
India Infoline Finance Ltd              CP                 CRISIL A1+             Reaffirmed
                                        Programme(IPO                  
                                        Financing) 
India Infoline Finance Ltd              CP                 CRISIL A1+             Reaffirmed
Indraprastha Logistics Pvt Ltd          BG                 CRISIL A4+     20      Migrated
(Issuer Not Cooperating)
Joys Steel Impex                        LOC                CRISIL A4+     70      Reaffirmed
JSW Vallabh Tinplate Pvt Ltd            BG                 CRISIL A3+     10
Continues on 'Rating Watch with Developing Implications'
Jubilant FoodWorks Ltd                  CP                 CRISIL A1+     2000    Reaffirmed
Jyoti Strips Pvt Ltd                    BG                 CRISIL A2      50
Continues on 'Rating Watch with Developing Implications'
Jyoti Strips Pvt Ltd                    LOC                CRISIL A2      1860
Continues on 'Rating Watch with Developing Implications'
Jyoti Strips Pvt Ltd                    Proposed LOC       CRISIL A2      480
Continues on 'Rating Watch with Developing Implications'
L&T Shipbuilding Ltd                    Proposed NFBL      CRISIL A1+     8000    Reaffirmed
M Suresh Company Pvt Ltd                Foreign Exchange   CRISIL A2+     50
                                        Forward
M Suresh Company Pvt Ltd                Post Shipment      CRISIL A2+     3441
                                        Credit
Menon Bearings Ltd                      LOC & BG           CRISIL A2      10      Reaffirmed
Menon Bearings Ltd                      LOC & BG           CRISIL A2      10      Reaffirmed
Nuvoco Vistas Corporation Ltd           BG                 CRISIL A1+     110.5   Reaffirmed
Nuvoco Vistas Corporation Ltd           LOC & BG*          CRISIL A1+     1201    Reaffirmed
*Full interchangeable with bank guarantee and letter of credit 
Nuvoco Vistas Corporation Ltd           Overdraft^         CRISIL A1+     250     Reaffirmed
^Interchangeable with bank guarantee/letter of credit 
Nuvoco Vistas Corporation Ltd           Overdraft          CRISIL A1+     350     Reaffirmed
Nuvoco Vistas Corporation Ltd           CP                 CRISIL A1+
 (Enhanced from Rs.300 Crore)
Palaniappa Electronics                  BG                 CRISIL A4      10      Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Paramount Enterprises                   BG                 CRISIL A4+     90      Upgraded from
                                                                                  CRISIL A4
Paramount Enterprises                   Proposed ST Bk     CRISIL A4+     35      Upgraded from
                                        Loan Fac                                  CRISIL A4
Parishi Diamond - Surat                 Post Shipment      CRISIL A3      740
                                        Credit
Parishi Diamond - Surat                 Pre Shipment CreditCRISIL A3      60
Parishi Diamond - Surat                 Proposed ST Bk     CRISIL A3      100
                                        Loan Fac
Rajhans Metals Pvt Ltd                  Foreign Exchange   CRISIL A3      53.9    Upgraded from
                                        Forward                                   CRISIL A4+
Rajhans Metals Pvt Ltd                  LOC                CRISIL A3      160     Upgraded from
                                                                                  CRISIL A4+
S. K. Mehta and Co.                     BG                 CRISIL A4+     12      Reaffirmed
Shyam Steel Manufacturing Ltd           BG                 CRISIL A1+     400     Reaffirmed
Shyam Steel Manufacturing Ltd           Foreign Exchange   CRISIL A1+     60      Reaffirmed
                                        Forward
Shyam Steel Manufacturing Ltd           LOC                CRISIL A1+     700     Reaffirmed
Shyam Steel Manufacturing Ltd           CP                 CRISIL A1+     750     Reaffirmed
 
LONG TERM RATINGS:
-------------------
Aanuj Infraprojects Pvt Ltd             CC                 CRISIL BB-     53
Aanuj Infraprojects Pvt Ltd             Proposed LT Bk     CRISIL BB-     64
                                        Loan Fac
Amodhini Estates Pvt Ltd                LT Loan            CRISIL BB-     52      Assigned
Amodhini Estates Pvt Ltd                Proposed LT Bk     CRISIL BB-     8       Assigned
                                        Loan Fac
Anil Kumar and Company                  Overdraft          CRISIL BB      100     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Anil Kumar and Company                  Overdraft          CRISIL BB      100     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Anjana Constructions                    CC                 CRISIL B       90      Reaffirmed
Anjana Constructions                    Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Ashoka Coating Chemicals                LT Loan            CRISIL B       50      Assigned
Aswini Homeo And Ayurvedic Products Pvt CC                 CRISIL BBB-    50      Reaffirmed
Ltd
Aswini Homeo And Ayurvedic Products Pvt TL                 CRISIL BBB-    25      Reaffirmed
Ltd
Atop Food Products Pvt Ltd              Overdraft          CRISIL BB      100     Reaffirmed
Atop Food Products Pvt Ltd              Proposed LT Bk     CRISIL BB      7.3     Reaffirmed
                                        Loan Fac
Atop Food Products Pvt Ltd              Proposed LT Bk     -              42.7    Withdrawn
                                        Loan Fac
Baba Construction                       CC                 CRISIL B       18.5    Migrated from
                                                                                  CRISIL B
(Issuer Not Cooperating)
Baba Construction                       Proposed BG        CRISIL B       161.5   Migrated from
                                                                                  CRISIL B
(Issuer Not Cooperating)
Baba Construction                       Proposed CC Limit  CRISIL B       38.5    Migrated from
                                                                                  CRISIL B
(Issuer Not Cooperating)
Bajrang Cotton Pvt Ltd                  CC                 CRISIL BB-     90      Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Bajrang Cotton Pvt Ltd                  Proposed FB Bk     CRISIL BB-     2.8     Migrated from
                                        Limits                                    CRISIL B+
(Issuer Not Cooperating)
Bishwa Raman Kumar Singh                Proposed CC Limit  CRISIL BB-     20      Assigned
Bishwa Raman Kumar Singh                Proposed BG        CRISIL BB-     50      Assigned
Bishwa Raman Kumar Singh                LT Loan            CRISIL BB-     15      Assigned
Bishwa Raman Kumar Singh                CC                 CRISIL BB-     35      Assigned
Centurywells Roofing India Pvt Ltd      CC                 CRISIL A-      200     Reaffirmed
Charisma Builders                       Overdraft          CRISIL B+      231     Reaffirmed
Charisma Builders                       Proposed LT Bk     CRISIL B+      139     Reaffirmed
                                        Loan Fac
Charisma Builders                       Overdraft          CRISIL B+      231     Reaffirmed
Charisma Builders                       Proposed LT Bk     CRISIL B+      139     Reaffirmed
                                        Loan Fac
Cyano Pharma Pvt Ltd                    CC                 CRISIL BB      50      Reaffirmed
Cyano Pharma Pvt Ltd                    Proposed LT Bk     CRISIL BB      1       Reaffirmed
                                        Loan Fac
Diamant Infrastructure Ltd              BG                 CRISIL D       20      Downgraded
                                                                                  from CRISIL C
(Issuer Not Cooperating)
Diamant Infrastructure Ltd              CC                 CRISIL D       80      Downgraded
                                                                                  from CRISIL C
(Issuer Not Cooperating)
Diamant Infrastructure Ltd              Proposed LT Bk     CRISIL D       40      Downgraded
                                        Loan Fac                                  from CRISIL C
(Issuer Not Cooperating)
Dukes Products India Ltd                WC Demand Loan     CRISIL BB+     150     Migrated from
                                                                                  CRISIL A
(Issuer Not Cooperating)
Famous Stationery Pvt Ltd               CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Famous Stationery Pvt Ltd               Export Packing     CRISIL D       60      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Famous Stationery Pvt Ltd               TL                 CRISIL D       98      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Mirae Asset Global Investments India    Cash Management    CRISIL AAAmfs  -       -          
Pvt Ltd                                 Fund
(Placed on Notice of Withdrawal)
Palaniappa Electronics                  CC                 CRISIL B+      100     Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Paramount Enterprises                   Proposed LT Bk     CRISIL BB-     15      Upgraded from
                                        Loan Fac                                  CRISIL B+
Parishi Diamond - Surat                 Export Packing     CRISIL BBB-    490
                                        Credit
Phenil Sugars Ltd                       WC TL              CRISIL D       483.2   Assigned
Phenil Sugars Ltd                       LT Loan            CRISIL D       4.4     Assigned
Phenil Sugars Ltd                       BG                 CRISIL D       20      Assigned
Phenil Sugars Ltd                       Funded Interest TL CRISIL D       92.4    Assigned
Rajhans Metals Pvt Ltd                  CC                 CRISIL BBB-    600     Upgraded from
                                                                                  CRISIL BB+
Rajhans Metals Pvt Ltd                  Proposed TL        CRISIL BBB-    51.7    Upgraded from
                                                                                  CRISIL BB+
Rajhans Metals Pvt Ltd                  Standby Line of    CRISIL BBB-    10      Upgraded from
                                        Credit                                    CRISIL BB+
Rajhans Metals Pvt Ltd                  Rupee TL           CRISIL BBB-    24.4    Upgraded from
                                                                                  CRISIL BB+
Ravi Foods Pvt Ltd                      CC                 CRISIL BB+     900     Migrated from
                                                                                  CRISIL A
(Issuer Not Cooperating)
Ravi Foods Pvt Ltd                      Proposed LT Bk     CRISIL BB+     600     Migrated from
                                        Loan Fac                                  CRISIL A
(Issuer Not Cooperating)
Reliance Mutual Fund                    Reliance Liquid    CRISIL AAAmfs  -       Assigned
                                        Fund
Reliance Mutual Fund                    Reliance Money     CRISIL AAAmfs  -       Assigned
                                        Market Fund
RVL Poly Industries Pvt Ltd             CC                 CRISIL BB      115     Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
RVL Poly Industries Pvt Ltd             Proposed WC Fac    CRISIL BB      10      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
RVL Poly Industries Pvt Ltd             TL                 CRISIL BB      20      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
S. K. Mehta and Co.                     CC                 CRISIL BB-     50      Reaffirmed
S. K. Mehta and Co.                     Proposed LT Bk     CRISIL BB-     108     Reaffirmed
                                        Loan Fac
Sarda Dairy & Food Products Ltd         CC                 CRISIL BB-     60      Reaffirmed
Sarda Dairy & Food Products Ltd         Proposed LT Bk     CRISIL BB-     256.2   Reaffirmed
                                        Loan Fac
Sarda Dairy & Food Products Ltd         TL                 CRISIL BB-     665     Reaffirmed
Shrihari Ginning And Oil Industries     CC                 CRISIL B+      30      Reaffirmed
Shrihari Ginning And Oil Industries     LT Loan            CRISIL B+      69      Reaffirmed
Shrihari Ginning And Oil Industries     Proposed LT Bk     CRISIL B+      51      Reaffirmed
                                        Loan Fac
Shyam Steel Manufacturing Ltd           CC                 CRISIL A+      1200    Reaffirmed
Shyam Steel Manufacturing Ltd           LT Loan            CRISIL A+      544.5   Reaffirmed
Shyam Steel Manufacturing Ltd           Proposed CC Limit  CRISIL A+      2.7     Reaffirmed
Siddhi Ganesh Metal Pvt Ltd             Electronic Dealer  CRISIL BB-     240     Upgraded from
                                        Financing                                 CRISIL B+
                                        Scheme(e-DFS)
Siddhi Ganesh Metal Pvt Ltd             Proposed LT Bk     CRISIL BB-     10      Upgraded from
                                        Loan Fac                                  CRISIL B+
Sri Kannan and Company                  CC                 CRISIL BB+     80      Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Sri Kannan and Company                  CC - Book Debt     CRISIL BB+     40      Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Sri Sai Srinivasa Rice Industries Pvt   CC                 CRISIL B+      95      Migrated from
Ltd                                                                               CRISIL B+
(Issuer Not Cooperating)
Subhashree Packers Pvt Ltd              CC                 CRISIL BB-     25      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Subhashree Packers Pvt Ltd              Proposed FB Bk     CRISIL BB-     13.5    Migrated from
                                        Limits                                    CRISIL BB-
(Issuer Not Cooperating)
Subhashree Packers Pvt Ltd              TL                 CRISIL BB-     31.5    Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Swadeshi Aluminium Company Pvt Ltd      CC                 CRISIL D       230     Downgraded
                                                                                  from CRISIL B
(Issuer Not Cooperating)
Swadeshi Aluminium Company Pvt Ltd      CC                 CRISIL D       230
(Issuer Not Cooperating)
Tasty Dairy Specialities Ltd            Bill Discounting   CRISIL BBB-    180     Reaffirmed
Tasty Dairy Specialities Ltd            CC                 CRISIL BBB-    270     Reaffirmed
Tasty Dairy Specialities Ltd            LT Loan            CRISIL BBB-    25      Reaffirmed
Tasty Dairy Specialities Ltd            Proposed LT Bk     CRISIL BBB-    435     Reaffirmed
                                        Loan Fac
Tasty Dairy Specialities Ltd            Overdraft          CRISIL BBB-    30      Reaffirmed
Tasty Dairy Specialities Ltd            Non-FBL            CRISIL BBB-    10      Reaffirmed
VIVRITI HELGA 03 2019
(Originator:                            Series A1 PTCs     CRISIL A+ (SO) -       
Belstar Investment and Finance Pvt Ltd)
(Converted from Provisional Rating to Final Rating)
--------------------------------------------------------------------------------------------
$: 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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