April 11, 2018 / 8:00 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Apr 11

   Apr 11 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 10, 2018.


COMPANY                                INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                 ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alfa Chemo Plast Pvt Ltd                LOC                CRISIL A4      55      Reaffirmed,
                                                                                  Migrated from
                                                                                  CRISIL A4,
                                                                                  Issuer Not
                                                                                  Cooperating
Ambalika Construction Ltd               BG                 CRISIL A4+     40      Reaffirmed
Astron Packaging Ltd                    LOC                CRISIL A2      250     Reaffirmed
Astron Packaging Ltd                    Purchase Bill      CRISIL A2      130     Reaffirmed
                                        Discounting#
#Working capital demand loan is sub limit of Purchase bill
 discounting to the extent of Rs.13.00 Cr.
Black Rose Industries Ltd               LOC                CRISIL A3      255     Reaffirmed
Black Rose Industries Ltd               LOC Bill           CRISIL A3      59      Assigned
                                        Discounting
E G Pharmaceuticals                     LOC                CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Empire Home Appliances Pvt Ltd          Inland/Import LOC  CRISIL A4+     80      Assigned
Forech India Pvt Ltd                    BG                 CRISIL A2      150     Reaffirmed
Forech India Pvt Ltd                    Foreign Bill       CRISIL A2      30      Reaffirmed
                                        Discounting
Forech India Pvt Ltd                    LOC                CRISIL A2      300     Reaffirmed
Forech India Pvt Ltd                    Post Shipment      CRISIL A2      110     Reaffirmed
                                        Credit
Forech India Pvt Ltd                    Pre Shipment CreditCRISIL A2      20      Reaffirmed
Garg Sons Estate Promoters Pvt Ltd      BG                 CRISIL A4+     220     Assigned
IKM Investors Pvt Ltd                   BG                 CRISIL A2      1250    Reaffirmed
Jagmini Micro Knit Pvt Ltd              BG                 CRISIL A3+     2.5     Reaffirmed
Jagmini Micro Knit Pvt Ltd              LOC                CRISIL A3+     7.5     Reaffirmed
LNV Technology Pvt Ltd                  Proposed BG        CRISIL A3      1250    Assigned
LNV Technology Pvt Ltd                  Proposed LOC       CRISIL A3      1400    Assigned
Nanz Med Science Pharma Pvt Ltd         BG                 CRISIL A3      35      Upgraded
                                                                                  from
                                                                                  CRISIL A4+
Nanz Med Science Pharma Pvt Ltd         LOC                CRISIL A3      50      Upgraded 
                                                                                  from
                                                                                  CRISIL A4+
Proec Energy Ltd                        LOC & BG           CRISIL A2      20      Upgraded 
                                                                                  from
                                                                                  CRISIL A3+
Proec Energy Ltd                        Packing Credit     CRISIL A2      80      Upgraded 
                                                                                  from
                                                                                  CRISIL A3+
Ranisati Paddy Processing Pvt Ltd       Proposed BG        CRISIL A4      31      Assigned
Ranisati Paddy Processing Pvt Ltd       BG                 CRISIL A4      19      Assigned
S. Thartius Engineering Contractors     BG                 CRISIL A4      100     Reaffirmed
Sanjay Chemicals India Pvt Ltd          LOC                CRISIL A3+     2785    Reaffirmed
Shapoorji Pallonji Finance Pvt Ltd      CP                 CRISIL A1+     3000    -
Shobha Ram Sharma Contractor            BG                 CRISIL A4+     300     Reaffirmed
SQS India BFSI Ltd                      Letter Of GuaranteeCRISIL A3+     25      Assigned
Tata Advanced Systems Ltd               BG                 CRISIL A1+     150     Reaffirmed
Tata Advanced Systems Ltd               LOC                CRISIL A1+     290     Reaffirmed
Tata Advanced Systems Ltd               LOC & BG           CRISIL A1+     100     Reaffirmed
Tata Advanced Systems Ltd               Packing Credit in  CRISIL A1+     700     Reaffirmed
                                        Foreign Currency
Tata Teleservices (Maharashtra) Ltd     LOC & BG**         CRISIL A1+     27392.8 Reaffirmed
**Includes buyers credit limit of USD 2.5 crore (around Rs. 161.6 Crore)
Tata Teleservices (Maharashtra) Ltd     ST Loan            CRISIL A1+     5000    Reaffirmed
Tata Teleservices (Maharashtra) Ltd     CP                 CRISIL A1+     65000   Reaffirmed
Tata Teleservices Ltd                   LOC & BG#          CRISIL A1+     37570   Reaffirmed
Tata Teleservices Ltd                   ST Loan            CRISIL A1+     5000    Reaffirmed
Tata Teleservices Ltd                   CP                 CRISIL A1+     134750  Reaffirmed
(Enhanced from Rs.12500 Crore)

MEDIUM TERM RATINGS:
-------------------
Transcorp International Ltd             FD                 FA-            150     -
(Issuer Not Cooperating; Continues on Notice of Withdrawal)
Forech India Pvt Ltd                    FD Programme       FA-            50      Reaffirmed

LONG TERM RATINGS:
-------------------
Alfa Chemo Plast Pvt Ltd                CC                 CRISIL B-      25      Reaffirmed,
                                                                                  Migrated from
                                                                                  CRISIL B-
                                                                                  Issuer Not
                                                                                  Cooperating
Alfa Chemo Plast Pvt Ltd                Proposed CC Limit  CRISIL B-      25      Reaffirmed,
                                                                                  Migrated from
                                                                                  CRISIL B- 
                                                                                  Issuer Not
                                                                                  Cooperating
Alfa Chemo Plast Pvt Ltd                Proposed LT Bk     CRISIL B-      30      Reaffirmed,
                                        Loan Fac                                  Migrated from
                                                                                  CRISIL B- 
                                                                                  Issuer Not
                                                                                  Cooperating
Ambalika Construction Ltd               Overdraft          CRISIL BB      100     Reaffirmed
Ambalika Construction Ltd               Proposed LT Bk     CRISIL BB      15.5    Reaffirmed
                                        Loan Fac
Angel Pipes and Tubes Pvt Ltd           CC                 CRISIL B       100     Reaffirmed,
                                                                                  Migrated from
                                                                                  CRISIL B 
                                                                                  Issuer Not
                                                                                  Cooperating
Angel Pipes and Tubes Pvt Ltd           Proposed LT Bk     CRISIL B       50      Reaffirmed,
                                        Loan Fac                                  Migrated from
                                                                                  CRISIL B 
                                                                                  Issuer Not
                                                                                  Cooperating
Astron Packaging Ltd                    CC                 CRISIL BBB+    220     Reaffirmed
Astron Packaging Ltd                    LT Loan            CRISIL BBB+    670     Reaffirmed
Bhumi Prakash Pvt Ltd                   TL                 CRISIL A       948.8   Reaffirmed
Black Rose Industries Ltd               CC                 CRISIL BBB-    160     Reaffirmed
Black Rose Industries Ltd               TL                 CRISIL BBB-    126     Assigned
Century Plyboards India Ltd             TL                 CRISIL A       1844.4  Reaffirmed
Issuer Not Cooperating
Dhruvtara Agro And Allied Industries    CC                 CRISIL B-      50      Reaffirmed
Pvt Ltd                                                                           ,Migrated
                                                                                  from 
                                                                                  CRISIL B- 
                                                                                  Issuer Not
                                                                                  Cooperating
                                                                                  and 
                                                                                  Simultaneously
                                                                                  Upgraded 
                                                                                  to CRISIL B
Dhruvtara Agro And Allied Industries    Proposed LT Bk     CRISIL B-      10      Reaffirmed
Pvt Ltd                                 Loan Fac                                  ,Migrated
                                                                                  from 
                                                                                  CRISIL B- 
                                                                                  Issuer Not
                                                                                  Cooperating
                                                                                  and 
                                                                                  Simultaneously
                                                                                  Upgraded 
                                                                                  to CRISIL B
Dhruvtara Agro And Allied Industries    TL                 CRISIL B-      40      Reaffirmed
Pvt Ltd                                                                           ,Migrated
                                                                                  from 
                                                                                  CRISIL B- 
                                                                                  Issuer Not
                                                                                  Cooperating
                                                                                  and 
                                                                                  Simultaneously
                                                                                  Upgraded 
                                                                                  to CRISIL B
E G Pharmaceuticals                     CC                 CRISIL B+      40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Electrica Engineers (India) Pvt Ltd     CC                 CRISIL BB+     100     Reaffirmed
Empire Home Appliances Pvt Ltd          CC                 CRISIL BB-     160     Assigned
Forech India Pvt Ltd                    CC                 CRISIL BBB+    185     Reaffirmed
Forech India Pvt Ltd                    Proposed LT Bk     CRISIL BBB+    125     Reaffirmed
                                        Loan Fac
Forech India Pvt Ltd                    TL                 CRISIL BBB+    140     Reaffirmed
Garg Sons Estate Promoters Pvt Ltd      CC                 CRISIL BB-     130     Assigned
Jagmini Micro Knit Pvt Ltd              Export Packing     CRISIL BBB     42.5    Reaffirmed
                                        Credit
Jagmini Micro Knit Pvt Ltd              LT Loan            CRISIL BBB     39.3    Reaffirmed
Jagmini Micro Knit Pvt Ltd              Proposed LT Bk     CRISIL BBB     23.2    Reaffirmed
                                        Loan Fac
Lexicon Vanijya Pvt Ltd                 TL                 CRISIL A+      810     Reaffirmed
LNV Technology Pvt Ltd                  Proposed CC Limit  CRISIL BBB-    100     Assigned
Nanz Med Science Pharma Pvt Ltd         CC                 CRISIL BBB-    90      Upgraded from
                                                                                  CRISIL BB+
Nanz Med Science Pharma Pvt Ltd         TL                 CRISIL BBB-    68.4    Upgraded from
                                                                                  CRISIL BB+
Nanz Med Science Pharma Pvt Ltd         WC TL              CRISIL BBB-    35      Upgraded from
                                                                                  CRISIL BB+
Proec Energy Ltd                        Buyer`s Credit     CRISIL BBB+    30      Upgraded from
                                                                                  CRISIL BBB
Proec Energy Ltd                        FCNR Loan          CRISIL BBB+    49.5    Upgraded from
                                                                                  CRISIL BBB
Ranisati Paddy Processing Pvt Ltd       Proposed CC Limit  CRISIL B+      5       Assigned
Ranisati Paddy Processing Pvt Ltd       Proposed BG        CRISIL B+      33.6    Assigned
Ranisati Paddy Processing Pvt Ltd       LT Loan            CRISIL B+      30      Assigned
Ranisati Paddy Processing Pvt Ltd       CC                 CRISIL B+      15      Assigned
Renew Agni Power Pvt Ltd                TL                 CRISIL A       948.8   Reaffirmed
ReNew Wind Energy (AP) Pvt Ltd          TL                 CRISIL A-      950     Reaffirmed
Renew Wind Energy (Karnataka 4) Pvt Ltd TL                 CRISIL A       968.3   Reaffirmed
Renew Wind Energy (Karnataka 4) Pvt Ltd TL                 CRISIL A       968.3   Reaffirmed
Renew Wind Energy (Maharashtra) Pvt Ltd TL                 CRISIL A       966.8   Reaffirmed
Renew Wind Energy (MP Four) Pvt Ltd     TL                 CRISIL A       979.3   Reaffirmed
Renew Wind Energy (MP Three) Pvt Ltd    TL                 CRISIL A       1009.5  Reaffirmed
Renew Wind Energy (Rajasthan Four) Pvt  TL                 CRISIL A       964.5   Reaffirmed
Ltd
S. Thartius Engineering Contractors     Overdraft          CRISIL B+      50      Reaffirmed
Sanjay Chemicals India Pvt Ltd          CC                 CRISIL BBB     152.5   Reaffirmed
Sanjay Chemicals India Pvt Ltd          Proposed LT Bk     CRISIL BBB     4       Reaffirmed
                                        Loan Fac
Sanjay Chemicals India Pvt Ltd          WC Fac             CRISIL BBB     62.5    Assigned
Sarvottam Poultry Feed Supply Centre    CC                 CRISIL B+      125     Migrated from
Pvt Ltd                                                                           CRISIL B,
                                                                                  Issuer Not
                                                                                  Cooperating
Sarvottam Poultry Feed Supply Centre    TL                 CRISIL B+      30      Migrated from
Pvt Ltd                                                                           CRISIL B,
                                                                                  Issuer Not
                                                                                  Cooperating
Shapoorji Pallonji Finance Pvt Ltd      Proposed LT Bk     CRISIL AA-     1750    Reaffirmed
                                        Loan Fac
Shapoorji Pallonji Finance Pvt Ltd      WC Fac             CRISIL AA-     1000    Assigned
Shapoorji Pallonji Finance Pvt Ltd      TL                 CRISIL AA-     250     Assigned
Shapoorji Pallonji Finance Pvt Ltd      NCD                CRISIL AA-     2000    -
Shobha Ram Sharma Contractor            CC                 CRISIL BB      90      Reaffirmed
SQS India BFSI Ltd                      CC                 CRISIL BBB     46      Assigned
Tarun Kiran Bhoomi Pvt Ltd              TL                 CRISIL A       968.3   Reaffirmed
Tata Advanced Systems Ltd               CC                 CRISIL AA-     350     Reaffirmed
Tata Advanced Systems Ltd               Foreign Currency TLCRISIL AA-     760     Reaffirmed
Tata Teleservices (Maharashtra) Ltd     CC/ Overdraft Fac* CRISIL AA-     2750    Reaffirmed
*Interchangeable between fund-based and non-fund-based limits to the extent of Rs.150 crore
Tata Teleservices (Maharashtra) Ltd     LT Loan            CRISIL AA-     3086    Reaffirmed
Tata Teleservices (Maharashtra) Ltd     Proposed TL        CRISIL AA-     13431.2 Reaffirmed
Tata Teleservices Ltd                   CC                 CRISIL AA-     2900    Reaffirmed
Tata Teleservices Ltd                   Proposed TL        CRISIL AA-     18260   Reaffirmed
Tata Teleservices Ltd                   TL                 CRISIL AA-     86270   Reaffirmed
Transcorp International Ltd             CC                 CRISIL BBB-    170     Reaffirmed
                                                                                  Issuer Not
                                                                                  Cooperating
Transcorp International Ltd             Overdraft          CRISIL BBB-    0.5     Reaffirmed
                                                                                  Issuer Not
                                                                                  Cooperating
Transcorp International Ltd             Proposed LT Bk     CRISIL BBB-    6.2     Reaffirmed
                                        Loan Fac
                                                                                  Issuer Not
                                                                                  Cooperating
Transcorp International Ltd             TL                 CRISIL BBB-    30      Reaffirmed
                                                                                  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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