April 10, 2018 / 4:45 AM / in 17 days

CRISIL ratings for Indian debt instruments-Apr 10

    Apr 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 9, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A Infrastructure Ltd                    BG                 CRISIL A4+     105     Withdrawal
(Issuer Not Cooperating)
A Infrastructure Ltd                    LOC                CRISIL A4+     345     Withdrawal
(Issuer Not Cooperating)
A Infrastructure Ltd                    Overdraft          CRISIL A4+     33      Withdrawal
(Issuer Not Cooperating)
Centrum Broking Ltd                     BG                 CRISIL A3+     700     -
(Placed on Watch with Positive Implications)
Centrum Broking Ltd                     Proposed ST Bk     CRISIL A3+     550     -
                                        Loan Fac
(Placed on Watch with Positive Implications)
Chetas Control Systems Pvt Ltd          LOC & BG           CRISIL A4+     330     Migrated from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Condor Footwear India Ltd               BG                 CRISIL A2      20      Assigned
(Suspension Revoked)
Corey Organics Pvt Ltd                  LOC                CRISIL A4+     60      Reaffirmed
Cosmos International Ltd                LOC                CRISIL A4+     20      Migrated
(Issuer Not Cooperating)
Dorai Fashion Wear                      Foreign Bill       CRISIL A4+     13      Reaffirmed
                                        Purchase
Dorai Fashion Wear                      Packing Credit     CRISIL A4+     50      Reaffirmed
Fresh Catch Exports                     Export Bill        CRISIL A4      10      Assigned
                                        Purchase
Fresh Catch Exports                     Packing Credit     CRISIL A4      70      Assigned
G S Autocomp Pvt Ltd                    LOC                CRISIL A4      5       Reaffirmed
Groma Infrastructure Ltd                BG                 CRISIL A4      40      Withdrawal
(Issuer Not Cooperating)
Groma Infrastructure Ltd                LOC                CRISIL A4      40      Withdrawal
(Issuer Not Cooperating)
Groma Infrastructure Ltd                Proposed LOC       CRISIL A4      60      Withdrawal
(Issuer Not Cooperating)
HVK International Pvt Ltd               Foreign Exchange   CRISIL A4+     10      Migrated from
                                        Forward                                   CRISIL A3+
(Issuer Not Cooperating)
HVK International Pvt Ltd               Packing Credit     CRISIL A4+     120     Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
HVK International Pvt Ltd               Post Shipment      CRISIL A4+     80      Migrated from
                                        Credit                                    CRISIL A3+
(Issuer Not Cooperating)
Madras Hydraulic Hose Pvt Ltd           LOC                CRISIL A3      80      Reaffirmed
Magnum Spinning Millss India Pvt Ltd    BG                 CRISIL A4+     1.5     Reaffirmed
Miracle Software Systems India Pvt Ltd  Overdraft          CRISIL A4+     60      Assigned
Noble Tech Industries Pvt Ltd           Inland/Import LOC  CRISIL A4+     935     Downgraded
                                                                                  from CRISIL A3
PV Sons Corn Milling Company Pvt Ltd    Packing Credit in  CRISIL A3      220     Assigned
                                        Foreign Currency
R. G. Pigments Pvt Ltd                  LOC                CRISIL A4      70      Withdrawal
(Issuer Not Cooperating)
Raghuvar India Ltd                      BG                 CRISIL A4      2.5     Withdrawal
(Issuer Not Cooperating)
Shri Niwas Board And Paper Pvt Ltd      LOC                CRISIL A4+     20      Withdrawal
(Issuer Not Cooperating)
Talwandi Sabo Power Ltd                 CP                 CRISIL A1+(SO) 25000   Reaffirmed
UB Foods Pvt Ltd                        Foreign Exchange   CRISIL A4+     15      Reaffirmed
                                        Forward
UB Foods Pvt Ltd                        Import LOC Limit   CRISIL A4+     15      Reaffirmed
Vyanktesh Plastics and Packaging Pvt LtdInland/Import LOC  CRISIL A4      20      Withdrawal
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A Infrastructure Ltd                    CC                 CRISIL BB      357     Withdrawal
(Issuer Not Cooperating)
A Infrastructure Ltd                    Proposed LT Bk     CRISIL BB      185.9   Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
A Infrastructure Ltd                    Standby Line of    CRISIL BB      14      Withdrawal
                                        Credit
(Issuer Not Cooperating)
A Infrastructure Ltd                    TL                 CRISIL BB      112.6   Withdrawal
(Issuer Not Cooperating)
A Infrastructure Ltd                    WC Demand Loan     CRISIL BB      80      Withdrawal
(Issuer Not Cooperating)
Adani Power Ltd                         LT Loan            CRISIL BB-     16475.7 Withdrawal
Birla Institute of Technology and       Corporate Credit    CCR AA+               Assigned
Science                                 Rating
Chetas Control Systems Pvt Ltd          CC                 CRISIL BB+     10      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Condor Footwear India Ltd               CC*                CRISIL BBB+    210     Assigned
(Suspension Revoked),* Export Packing Credit and Packing Credit in Foreign Currency facility as
a sub-limit of Cash Credit facility.
Corey Organics Pvt Ltd                  CC                 CRISIL BB-     140     Reaffirmed
Corey Organics Pvt Ltd                  Standby Fund Based CRISIL BB-     15      Reaffirmed
                                        WC

Corey Organics Pvt Ltd                  TL                 CRISIL BB-     80      Reaffirmed
Cosmos International Ltd                CC                 CRISIL BB      300     Migrated
(Issuer Not Cooperating)
Cosmos International Ltd                Overdraft          CRISIL BB      9       Migrated
(Issuer Not Cooperating)
Cosmos International Ltd                Proposed LT Bk     CRISIL BB      171     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Dolphin Wires Pvt Ltd                   Export Packing     CRISIL BB      88      Reaffirmed
                                        Credit
Dolphin Wires Pvt Ltd                   LT Loan            CRISIL BB      22      Reaffirmed
Dorai Fashion Wear                      LT Loan            CRISIL BB      37      Reaffirmed
Fresh Catch Exports                     TL                 CRISIL B+      70      Assigned
G S Autocomp Pvt Ltd                    CC                 CRISIL B+      45      Reaffirmed
G S Autocomp Pvt Ltd                    LT Loan            CRISIL B+      20.2    Reaffirmed
G S Autocomp Pvt Ltd                    Proposed LT Bk     CRISIL B+      17.4    Reaffirmed
                                        Loan Fac
Groma Infrastructure Ltd                CC                 CRISIL B       10      Withdrawal
(Issuer Not Cooperating)
Groma Infrastructure Ltd                Proposed CC Limit  CRISIL B       60      Withdrawal
(Issuer Not Cooperating)
HVK International Pvt Ltd               Packing Credit     CRISIL BB+     1062.5  Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
HVK International Pvt Ltd               Post Shipment      CRISIL BB+     2498.5  Migrated from
                                        Credit                                    CRISIL BBB
(Issuer Not Cooperating)
HVK International Pvt Ltd               Proposed LT Bk     CRISIL BB+     1050    Migrated from
                                        Loan Fac                                  CRISIL BBB
(Issuer Not Cooperating)
HVK International Pvt Ltd               Standby Line of    CRISIL BB+     639     Migrated from
                                        Credit                                    CRISIL BBB
(Issuer Not Cooperating)
Madras Hydraulic Hose Pvt Ltd           Bill Discounting   CRISIL BBB-    60      Reaffirmed
(Outlook revised from Negative)
Madras Hydraulic Hose Pvt Ltd           Export Packing     CRISIL BBB-    60      Reaffirmed
                                        Credit
(Outlook revised from Negative)
Madras Hydraulic Hose Pvt Ltd           Proposed LT Bk     CRISIL BBB-    25.9    Reaffirmed
                                        Loan Fac
(Outlook revised from Negative)
Madras Hydraulic Hose Pvt Ltd           Standby Fund Based CRISIL BBB-    25      Reaffirmed
                                        WC
(Outlook revised from Negative)
Magnum Spinning Millss India Pvt Ltd    CC                 CRISIL BB+     90      Reaffirmed
Magnum Spinning Millss India Pvt Ltd    LT Loan            CRISIL BB+     130     Reaffirmed
Magnum Spinning Millss India Pvt Ltd    Proposed LT Bk     CRISIL BB+     117.9   Reaffirmed
                                        Loan Fac
Magnum Spinning Millss India Pvt Ltd    Standby Line of    CRISIL BB+     14      Reaffirmed
                                        Credit
Miracle Software Systems India Pvt Ltd  LT Loan            CRISIL BB      40      Assigned
Noble Tech Industries Pvt Ltd           CC                 CRISIL BB+     1035    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Noble Tech Industries Pvt Ltd           Corporate Loan     CRISIL BB+     34.2    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Noble Tech Industries Pvt Ltd           Proposed TL        CRISIL BB+     495.8   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Pearl City Marine Products Pvt Ltd      CC                 CRISIL BB      50      Assigned
PV Sons Corn Milling Company Pvt Ltd    LT Loan            CRISIL BBB-    410     Assigned
R. G. Pigments Pvt Ltd                  CC                 CRISIL B       20      Withdrawal
(Issuer Not Cooperating)
R. G. Pigments Pvt Ltd                  Proposed LT Bk     CRISIL B       30      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Raghuvar India Ltd                      CC                 CRISIL B+      307.5   Withdrawal
(Issuer Not Cooperating)
Raghuvar India Ltd                      Proposed LT Bk     CRISIL B+      10      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Raghuvar India Ltd                      TL                 CRISIL B+      80      Withdrawal
(Issuer Not Cooperating)
Shaji Mathew                            Overdraft          CRISIL B+      61      Reaffirmed
Shaji Mathew                            Proposed LT Bk     CRISIL B+      4       Reaffirmed
                                        Loan Fac
Shree Packers (MP) Pvt Ltd              CC                 CRISIL B+      75      Withdrawal
(Issuer Not Cooperating)
Shree Packers (MP) Pvt Ltd              TL                 CRISIL B+      22.5    Withdrawal
(Issuer Not Cooperating)
Shri Niwas Board And Paper Pvt Ltd      CC                 CRISIL BB-     50      Withdrawal
(Issuer Not Cooperating)
Shri Niwas Board And Paper Pvt Ltd      TL                 CRISIL BB-     31.7    Withdrawal
(Issuer Not Cooperating)
Sri Rama Modern and Paraboiled Rice MillCC                 CRISIL BB-     250     Withdrawal
(Issuer Not Cooperating)
Sri Rama Modern and Paraboiled Rice MillProposed LT Bk     CRISIL BB-     33.5    Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Sri Rama Modern and Paraboiled Rice MillTL                 CRISIL BB-     16.5    Withdrawal
(Issuer Not Cooperating)
Sushila International                   Bill Discounting   CRISIL D       35      Withdrawal
(Issuer Not Cooperating)
Sushila International                   CC                 CRISIL D       20      Withdrawal
(Issuer Not Cooperating)
Sushila International                   Packing Credit     CRISIL D       130     Withdrawal
(Issuer Not Cooperating)
Sushila International                   Proposed LT Bk     CRISIL D       101.3   Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Sushila International                   TL                 CRISIL D       13.7    Withdrawal
(Issuer Not Cooperating)
Talwandi Sabo Power Ltd                 Buyer`s Credit     CRISIL AA(SO)  520     Reaffirmed
Talwandi Sabo Power Ltd                 Letter of Comfort  CRISIL AA(SO)  3900    Reaffirmed
Talwandi Sabo Power Ltd                 LOC                CRISIL AA(SO)  1000    Reaffirmed
Talwandi Sabo Power Ltd                 Rupee TL           CRISIL AA(SO)  38500   Reaffirmed
Talwandi Sabo Power Ltd                 TL                 CRISIL AA(SO)  5000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  10000   Reaffirmed
(Converted from Provisional rating to Final rating)
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  5000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  3000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  10000   Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  2500    Reaffirmed
UB Foods Pvt Ltd                        CC                 CRISIL BB-     45      Reaffirmed
UB Foods Pvt Ltd                        Proposed LT Bk     CRISIL BB-     25      Reaffirmed
                                        Loan Fac
Vyanktesh Plastics and Packaging Pvt LtdCC                 CRISIL B+      50      Withdrawal
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: 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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