April 12, 2018 / 6:02 AM / in 14 days

CRISIL ratings for Indian debt instruments-Apr 12

    Apr 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 11, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Arjan Impex Pvt Ltd                     Packing Credit in  CRISIL A4+     430     Reaffirmed
                                        Foreign Currency
Arora Industries                        Export Performance CRISIL A4+     6       Reaffirmed
                                        Guarantee
Arora Industries                        LOC                CRISIL A4+     51      Reaffirmed
Arora Knit Fab Pvt Ltd                  Export Performance CRISIL A4+     5       Reaffirmed
                                        Guarantee
Arora Knit Fab Pvt Ltd                  Inland/Import LOC  CRISIL A4+     17.5    Reaffirmed
Deshmukh And Company                    BG                 CRISIL A3      120     Reaffirmed
Deshmukh And Company                    Proposed BG        CRISIL A3      150     Assigned
DETAILS                                 Foreign Bill       CRISIL A4      54      Reaffirmed
                                        Exchange
DETAILS                                 Packing Credit     CRISIL A4      120     Reaffirmed
DETAILS                                 Proposed NFBL      CRISIL A4      16      Reaffirmed
DETAILS                                 Proposed Packing   CRISIL A4      10      Reaffirmed
                                        Credit*
* Adhoc Limit
G.Venkateshwar Reddy                    BG                 CRISIL A4      270     Reaffirmed
Hi - Tech Engineers - Mumbai (West Zone)BG                 CRISIL A4+     90      Reaffirmed
Hindustan Hydraulics Pvt Ltd            LOC & BG           CRISIL A3+     100     Upgraded from
                                                                                  CRISIL A3
Indian Progressive Construction Pvt Ltd BG                 CRISIL A4      428.6   Reaffirmed
Iworld Business Solutions Pvt Ltd       BG                 CRISIL A2      32.5    Reaffirmed
Jai Kedarnath Buildcon Pvt Ltd          BG                 CRISIL A4      23      Reaffirmed
Kaypee Metals and Alloys Pvt Ltd        BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
Kaypee Metals and Alloys Pvt Ltd        LOC                CRISIL A4+     100     -
(Issuer Not Cooperating)
Madhav Industrial Corporation           LOC                CRISIL A4+     700     Reaffirmed
(Issuer Not Cooperating)
Madhav Steels (Ship Breaking Division)  LOC                CRISIL A4+     700     Reaffirmed
Nilkanth Concast Pvt Ltd                LOC                CRISIL A4+     450     Reaffirmed
(Issuer Not Cooperating)
Prakash Engineers and Infraprojects Pvt BG                 CRISIL A4+     600     -
Ltd
(Issuer Not Cooperating)
R M Dasa Infrastructure Pvt Ltd         BG                 CRISIL A4+     70      Reaffirmed
(Issuer Not Cooperating)
Ramco Industries Ltd                    CP Programm        CRISIL A1+     100     Reaffirmed
RIC Projects Pvt Ltd                    BG                 CRISIL A4+     150     Reaffirmed
SBS Gems                                Foreign Bill       CRISIL A4      63      Reaffirmed
                                        Purchase
SBS Gems                                Proposed ST Bk     CRISIL A4      32      Reaffirmed
                                        Loan Fac
Shobha Woollens Pvt Ltd                 Export Packing     CRISIL A4+     37.5    Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Shobha Woollens Pvt Ltd                 Foreign Bill       CRISIL A4+     53.5    Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Srico Projects Pvt Ltd                  BG                 CRISIL A4+     50      Assigned
TAQA Neyveli Power Company Pvt Ltd      BG**               CRISIL A1+     500     Reaffirmed
** Interchangeable with letter of credit
TAQA Neyveli Power Company Pvt Ltd      ST Loan            CRISIL A1+     500     Assigned
Towels Enterprises Ltd                  Inland/Import LOC  CRISIL A4+     35      Assigned
Utsah Engineering Pvt Ltd               BG                 CRISIL A3+     20      Reaffirmed
Utsah Engineering Pvt Ltd               LOC                CRISIL A3+     20      Reaffirmed
LONG TERM RATINGS:
-------------------
Adroit Infratech Pvt Ltd                TL                 CRISIL B+      56.6    Reaffirmed
Altimetrik India Pvt Ltd                CC                 CRISIL BB      220     Reaffirmed
Altimetrik India Pvt Ltd                LT Loan            CRISIL BB      40      Reaffirmed
Arjan Impex Pvt Ltd                     LT Loan            CRISIL BB      90      Reaffirmed
Arjan Impex Pvt Ltd                     Proposed WC Fac    CRISIL BB      10      Reaffirmed
Arora Industries                        CC                 CRISIL BB+     342     Reaffirmed
Arora Industries                        Proposed LT Bk     CRISIL BB+     31      Reaffirmed
                                        Loan Fac
Arora Industries                        Rupee TL           CRISIL BB+     70      Reaffirmed
Arora Knit Fab Pvt Ltd                  CC                 CRISIL BB+     380     Reaffirmed
Arora Knit Fab Pvt Ltd                  Proposed LT Bk     CRISIL BB+     10.5    Reaffirmed
                                        Loan Fac
Arora Knit Fab Pvt Ltd                  TL                 CRISIL BB+     87      Reaffirmed
Centre For Advanced Studies In          TL                 CRISIL B       170.4   -
Engineering
(Issuer Not Cooperating)
Chhattisgarh Ferro Trades Pvt Ltd       CC                 CRISIL B+      55      Reaffirmed
Deepak Polyester Pvt Ltd                CC                 CRISIL B+      70      Reaffirmed
Deepak Polyester Pvt Ltd                TL                 CRISIL B+      21.1    Reaffirmed
Deshmukh And Company                    CC/ Overdraft Fac  CRISIL BBB-    30      Reaffirmed
Divya Packmaf Pvt Ltd                   CC                 CRISIL BB-     90      -
(Issuer Not Cooperating)
Dreamciti Realty Pvt Ltd                CC                 CRISIL B+      80      Reaffirmed
Erode Critical And Emergency Care       LT Loan            CRISIL D       140     Reaffirmed
Centre Pvt Ltd
Erode Critical And Emergency Care       Proposed LT Bk     CRISIL D       10      Reaffirmed
Centre Pvt Ltd                          Loan Fac
G.Venkateshwar Reddy                    CC                 CRISIL B       100     Reaffirmed
Gartech Equipments Pvt Ltd              CC                 CRISIL BBB-    80      Reaffirmed
Gartech Equipments Pvt Ltd              Proposed Rupee TL  CRISIL BBB-    30      Reaffirmed
Gartech Equipments Pvt Ltd              Proposed WC Fac    CRISIL BBB-    4.8     Reaffirmed
Gartech Equipments Pvt Ltd              Rupee TL           CRISIL BBB-    19.1    Reaffirmed
Heaven On Ocean Tourism Pvt Ltd         CC/ Overdraft Fac  CRISIL B+      8.5     Reaffirmed
(Issuer Not Cooperating)
Heaven On Ocean Tourism Pvt Ltd         Cash TL            CRISIL B+      51.5    Reaffirmed
(Issuer Not Cooperating)
Hi - Tech Engineers - Mumbai (West Zone)CC                 CRISIL BB      100     Reaffirmed
Hindustan Hydraulics Pvt Ltd            Buyer`s Credit     CRISIL BBB-    35      Reaffirmed
Hindustan Hydraulics Pvt Ltd            CC                 CRISIL BBB-    51      Reaffirmed
Hindustan Hydraulics Pvt Ltd            Proposed FB Bk     CRISIL BBB-    10.5    Reaffirmed
                                        Limits
Hindustan Hydraulics Pvt Ltd            TL                 CRISIL BBB-    3.5     Reaffirmed
Indian Progressive Construction Pvt Ltd Overdraft          CRISIL B+      200     Reaffirmed
Indian Progressive Construction Pvt Ltd TL                 CRISIL B+      16.4    Reaffirmed
Iworld Business Solutions Pvt Ltd       CC                 CRISIL BBB+    250     Reaffirmed
Iworld Digital Solutions Pvt Ltd        CC                 CRISIL BBB     150     Reaffirmed
Jai Kedarnath Buildcon Pvt Ltd          TL                 CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
Jay Dwarkadhish Ginning & Oil IndustriesCC                 CRISIL BB-     85      Reaffirmed
Jay Dwarkadhish Ginning & Oil IndustriesCash TL            CRISIL BB-     14.5    Reaffirmed
Jay Dwarkadhish Ginning & Oil IndustriesProposed LT Bk     CRISIL BB-     0.5     -
                                        Loan Fac
(Issuer Not Cooperating)
Karimkuttiyil Constructions & DevelopersCC                 CRISIL B+      60      Reaffirmed
Kaypee Metals and Alloys Pvt Ltd        CC                 CRISIL BB      82      -
(Issuer Not Cooperating)
Kaypee Metals and Alloys Pvt Ltd        LT Loan            CRISIL BB      7       -
(Issuer Not Cooperating)
Kaypee Metals and Alloys Pvt Ltd        Standby LOC        CRISIL BB      8       -
(Issuer Not Cooperating)
Kaypee Metals and Alloys Pvt Ltd        TL                 CRISIL BB      18      -
(Issuer Not Cooperating)
Kunal Steel                             CC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Luxmi Rice Mill                         CC                 CRISIL BB-     100     -
(Issuer Not Cooperating)
Luxmi Rice Mill                         TL                 CRISIL BB-     25      -
(Issuer Not Cooperating)
Luxmi Rice Mill                         Warehouse FinancingCRISIL BB-     90      -
(Issuer Not Cooperating)
Madhav Industrial Corporation           CC                 CRISIL BB+     50      Reaffirmed
(Issuer Not Cooperating)
Madhav Steels (Ship Breaking Division)  CC                 CRISIL BB+     50      Reaffirmed
Mirae Asset Cash Management Fund        Mirae Asset Cash   CRISIL AAAmfs  -       Reaffirmed
                                        Management Fund
Nilkanth Concast Pvt Ltd                CC                 CRISIL BB      500     Reaffirmed
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd                Proposed LT Bk     CRISIL BB      195.2   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Nilkanth Concast Pvt Ltd                TL                 CRISIL BB      134.8   Reaffirmed
Nirmanghar Traders Pvt Ltd              CC/ Overdraft Fac  CRISIL B       70      Reaffirmed
Nirmanghar Traders Pvt Ltd              Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
Pawar Patkar and D. S. Contractors      BG                 CRISIL D       20      Reaffirmed
Associates Pvt Ltd
Pawar Patkar and D. S. Contractors      CC                 CRISIL D       100     Reaffirmed
Associates Pvt Ltd
Pawar Patkar and D. S. Contractors      Proposed LT Bk     CRISIL D       30      Reaffirmed
Associates Pvt Ltd                      Loan Fac
Prakash Engineers and Infraprojects Pvt CC                 CRISIL BB+     210     -
Ltd
(Issuer Not Cooperating)
Prakash Engineers and Infraprojects Pvt Proposed LT Bk     CRISIL BB+     150     -
Ltd                                     Loan Fac
(Issuer Not Cooperating)
R M Dasa Infrastructure Pvt Ltd         CC                 CRISIL BB      30      Reaffirmed
(Issuer Not Cooperating)
Rotex Automation Ltd                    CC                 --             155     Withdrawn
Rotex Automation Ltd                    Pre Shipment       --             80      Withdrawn
                                        Finance
Rotex Automation Ltd                    TL                 --             30.8    Withdrawn
Rudra Agro                              CC                 CRISIL B       200     Reaffirmed
S M Industries - Jalalabad              CC                 CRISIL B       75      Reaffirmed
S M Industries - Jalalabad              Proposed LT Bk     CRISIL B       7.5     Reaffirmed
                                        Loan Fac
S M Industries - Jalalabad              TL                 CRISIL B       22.5    Reaffirmed
Sanjay D. Ghodawat                      LT Loan            CRISIL BB-     750     Reaffirmed
Sanjay D. Ghodawat                      Secured Overdraft  CRISIL BB-     150     Reaffirmed
                                        Fac
Sankar Cotton Traders- Guntur           CC                 CRISIL BB-     130     Reaffirmed
Shah Motilal Foods Ltd                  CC                 CRISIL BB      100     Reaffirmed
Shah Motilal Foods Ltd                  LT Loan            CRISIL BB      76.7    Reaffirmed
Shah Motilal Foods Ltd                  Proposed LT Bk     CRISIL BB      23.3    Reaffirmed
                                        Loan Fac
Shakti Cot Fibers                       CC                 CRISIL B+      60      Reaffirmed
Shakti Cot Fibers                       TL                 CRISIL B+      22.5    Reaffirmed
Shobha Woollens Pvt Ltd                 Export Packing     CRISIL BB      20      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Shobha Woollens Pvt Ltd                 Standby Line of    CRISIL BB      9       Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Shree Bhagwati Samarth Food Products    CC                 CRISIL B+      60      -
Pvt Ltd
(Issuer Not Cooperating)
Shree Bhagwati Samarth Food Products    TL                 CRISIL B+      60      -
Pvt Ltd
(Issuer Not Cooperating)
Shree Radhey Govinda Jewellers Pvt Ltd  Electronic Dealer  CRISIL B-      150     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Sri Sitaramanjaneya Sortex              CC                 CRISIL B+      20      Reaffirmed
Sri Sitaramanjaneya Sortex              Export Packing     CRISIL B+      60      Reaffirmed
                                        Credit
Sri Sitaramanjaneya Sortex              Proposed CC Limit  CRISIL B+      40      Reaffirmed
Srico Projects Pvt Ltd                  CC                 CRISIL BB-     60      Assigned
TAQA Neyveli Power Company Pvt Ltd      CC*                CRISIL AA-     250     Reaffirmed
* Interchangeable with working capital demand loan
TAQA Neyveli Power Company Pvt Ltd      Proposed LT Bk     CRISIL AA-     250     Assigned
                                        Loan Fac
Towels Enterprises Ltd                  Proposed WC Fac    CRISIL BB-     15      Assigned
Towels Enterprises Ltd                  CC                 CRISIL BB-     50      Assigned
Utsah Engineering Pvt Ltd               CC                 CRISIL BBB     90      Reaffirmed
Utsah Engineering Pvt Ltd               Proposed TL        CRISIL BBB     30      Reaffirmed
Uttar Pradesh Power Corporation Ltd     Crore Bond         CRISIL A+      54930   -
(Converted from Provisional rating to Final rating)
Uttar Pradesh Power Corporation Ltd     Crore Bond         CRISIL A+      45000   Reaffirmed

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