April 19, 2019 / 5:51 AM / a month ago

CRISIL ratings for Indian debt instruments-Apr 19

   Apr 19 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 18, 2019.


COMPANY                                INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                 ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Accura Spintex Pvt Ltd                  BG                 CRISIL A4      3.6     Reaffirmed
Arun Engineering Projects Pvt Ltd       BG                 CRISIL A4      125     Migrated
(Issuer Not Cooperating)
Balrampur Chini Mills Ltd               CP                 CRISIL A1+     12000   Reaffirmed
Bhanwariya Infra Projects Pvt Ltd       BG                 CRISIL A4+     90      Assigned
Dips Bioscience Pvt Ltd                 Proposed LOC & BG  CRISIL A4+     15
East West Combined Industries           Bill Discounting   CRISIL A4      90.2    Migrated
                                        under LOC
(Issuer Not Cooperating)
East West Combined Industries           Proposed ST Bk     CRISIL A4      30      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
ECL Finance Ltd                         CP Programme       CRISIL A1+     50000   Reaffirmed
ECL Finance Ltd                         CP Programme (IPO  CRISIL A1+     100000  Reaffirmed
                                        Financing)
ECL Finance Ltd                         ST Principal       CRISIL PP-MLD  12000   Reaffirmed
                                        Protected Market   A1+r
                                        Linked Debentures
Envogue Wood Working Pvt Ltd            Export Packing     CRISIL A4+     75      Migrated
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
(Issuer Not Cooperating)
EVIO Pvt Ltd                            LOC & BG           CRISIL A3      350     Assigned
EVIO Pvt Ltd                            Overdraft          CRISIL A3      50      Assigned
Garg Tube Ltd                           Bill Discounting   CRISIL A4+     50      Migrated
                                        under LOC
(Issuer Not Cooperating)
Goldstar Metals Ltd                     Foreign Exchange   CRISIL A4+     6       Migrated
                                        Forward
(Issuer Not Cooperating)
Goldstar Metals Ltd                     LOC                CRISIL A4+     80      Migrated
(Issuer Not Cooperating)
Grasim Industries Ltd                   LOC#               CRISIL A1+     15467.3 Reaffirmed
#Interchangeable with Bank guarantee
Grasim Industries Ltd                   ST Bk Fac^^        CRISIL A1+     3750    Reaffirmed
^^Facility of Rs 175 crore fully interchangeable with PCFC
Grasim Industries Ltd                   CP                 CRISIL A1+     25000   Reaffirmed
(Enhanced from Rs.1750 Crore)
HR Rice Mills Pvt Ltd                   BG                 CRISIL A4      1.9     Assigned
Indo-National Ltd                       Bill Purchase      CRISIL A1      230     Reaffirmed
                                        Discounting Fac
Indo-National Ltd                       Proposed ST Bk     CRISIL A1      1.8     Reaffirmed
                                        Loan Fac
International Certification Services    BG                 CRISIL A4      20      Migrated
Pvt Ltd
(Issuer Not Cooperating)
International Certification Services    Proposed BG        CRISIL A4      5       Migrated
Pvt Ltd
(Issuer Not Cooperating)
K. V. Aromatics Pvt Ltd                 BG                 CRISIL A3      160     Downgraded
                                                                                  from CRISIL
                                                                                  A3 and
                                                                                  Withdrawn
K. V. Aromatics Pvt Ltd                 Packing Credit     CRISIL A3      650     Downgraded
                                                                                  from CRISIL
                                                                                  A3 and
                                                                                  Withdrawn
Kevin Process Technologies Pvt Ltd      BG                 CRISIL A4+     15      Migrated
(Issuer Not Cooperating)
Kimplas Piping Systems Ltd              Bill Discounting   CRISIL A3      90      Withdrawn
                                        under LOC
Kimplas Piping Systems Ltd              Inland/Import LOC  CRISIL A3      180     Withdrawn
Kimplas Piping Systems Ltd              Post Shipment      CRISIL A3      60      Withdrawn
                                        Credit
Kuksons Electronics Pvt Ltd             LOC & BG           CRISIL A4+     5       Migrated
(Issuer Not Cooperating)
Lancosa Ceramic LLP                     BG                 CRISIL A4      20      Reaffirmed
Malhotra Electronics Pvt Ltd            LOC                CRISIL A4+     300     Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Meera and Ceiko Pumps Pvt Ltd           BG                 CRISIL A4+     39      Migrated
(Issuer Not Cooperating)
Meera and Ceiko Pumps Pvt Ltd           Proposed BG        CRISIL A4+     27      Migrated
(Issuer Not Cooperating)
Modern Industries - Bhavnagar           BG                 CRISIL A4      4.9     Migrated
(Issuer Not Cooperating)
Modern Industries - Bhavnagar           Inland/Import LOC  CRISIL A4      15      Migrated
(Issuer Not Cooperating)
Mohit Steel Industries Pvt Ltd          BG                 CRISIL A4+     3.8     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Mohit Steel Industries Pvt Ltd          LOC                CRISIL A4+     52.9    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Mundra Tractors                         BG                 CRISIL A4      33      Migrated
(Issuer Not Cooperating)
New India Infra Buildtech Ltd           BG                 CRISIL A4+     80      Migrated
(Issuer Not Cooperating)
NKS Construction And Engineers Pvt Ltd  BG                 CRISIL A4+     150     Migrated
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   LOC                CRISIL A4+     20      Migrated
(Issuer Not Cooperating)
Opalium International Exports           Packing Credit     CRISIL A4      30      Migrated
(Issuer Not Cooperating)
Opalium International Exports           Packing Credit in  CRISIL A4      15      Migrated
                                        Foreign Currency
(Issuer Not Cooperating)
Pansari Steels Pvt Ltd                  LOC                CRISIL A4      20      Assigned
Piyush Infratech Pvt Ltd                BG                 CRISIL A4+     300     Reaffirmed
Piyush Infratech Pvt Ltd                Proposed BG        CRISIL A4+     5       Reaffirmed
Ply Com Pvt Ltd                         LOC                CRISIL A4      50      Migrated
(Issuer Not Cooperating)
PPG Asian Paints Pvt Ltd                Bill Discounting   CRISIL A1+     250     Reaffirmed
Prabhu Dayal Kanojiya                   BG                 CRISIL A4      60      Migrated
(Issuer Not Cooperating)
Raghav Productivity Enhancers Ltd       Bill Discounting   CRISIL A3      2.5     Withdrawn
                                        under LOC
Rati Engineering                        BG                 CRISIL A4      50      Migrated
(Issuer Not Cooperating)
Rattan Steel Supply Co.                 Bill Discounting   CRISIL A4      2.5     Migrated
(Issuer Not Cooperating)
Rattan Steel Supply Co.                 Proposed Bill      CRISIL A4      2.5     Migrated
                                        Discounting Fac
(Issuer Not Cooperating)
Rishi Raj Construction                  BG                 CRISIL A4      200     Migrated
(Issuer Not Cooperating)
Rishi Raj Construction                  Overdraft          CRISIL A4      60      Migrated
(Issuer Not Cooperating)
Royal Impex India                       Packing Credit     CRISIL A4+     220     Migrated
(Issuer Not Cooperating)
Sachdeva Steel Products (Ship Breakers) LOC                CRISIL A4+     650     Migrated
LLP
(Issuer Not Cooperating)
Sai Srinivasa Bottles Pvt Ltd           BG                 CRISIL A4+     13      Reaffirmed
Seven Seas Distillery Pvt Ltd           BG                 CRISIL A4+     1.2     Migrated
(Issuer Not Cooperating)
Shirpur Gold Refinery Ltd               Non-FBL            CRISIL A4+     2030    Downgraded
                                                                                  from CRISIL A2
Removed from 'Rating Watch with Negative Implications'
Sigma Chemtrade Pvt Ltd                 BG                 CRISIL A4+     5       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sigma Chemtrade Pvt Ltd                 LOC                CRISIL A4+     100     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sigma Chemtrade Pvt Ltd                 Foreign Exchange   CRISIL A4+     16.8    Assigned;
                                        Forward                                   Suspension
                                                                                  Revoked
Siti Energy Ltd                         BG                 CRISIL A4+     70
Placed on 'Rating Watch With Positive Implications'
Sri Datta Sai Cement Concrete Products  BG                 CRISIL A4+     30      Migrated
(Issuer Not Cooperating)
Sri Datta Sai Cement Concrete Products  Inland/Import LOC  CRISIL A4+     30      Migrated
(Issuer Not Cooperating)
Sunil Chemical Industries               BG                 CRISIL A4+     60      Assigned ;
                                                                                  Suspension
                                                                                  Revoked
Sunil Chemical Industries               Import LOC Limit   CRISIL A4+     10      Assigned ;
                                                                                  Suspension
                                                                                  Revoked
Suvidha Engineers India Pvt Ltd         BG                 CRISIL A3+     600     Reaffirmed
Tamanna Internationals Pvt Ltd          BG                 CRISIL A3      27.5    Assigned
Tara Educational Trust                  Overdraft          CRISIL A4+     60      Reaffirmed
Vardhman Global Infrastructures Pvt Ltd BG                 CRISIL A4+     80      Migrated
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A.K.Spintex Ltd                         CC                 CRISIL BB+     75      Reaffirmed
                                                                                  and Withdrawn
A.K.Spintex Ltd                         TL                 CRISIL BB+     16.8    Reaffirmed
                                                                                  and Withdrawn
Accura Spintex Pvt Ltd                  CC                 CRISIL B+      40      Reaffirmed
Accura Spintex Pvt Ltd                  LT Loan            CRISIL B+      145     Reaffirmed
Accura Spintex Pvt Ltd                  Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
Adoni Municipalit                       Corporate Credit   CCR BB         -       Withdrawn
                                        Rating
Arun Engineering Projects Pvt Ltd       CC                 CRISIL B       25      Migrated
(Issuer Not Cooperating)
Arun Engineering Projects Pvt Ltd       Proposed LT Bk     CRISIL B       100     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Balrampur Chini Mills Ltd               CC$                CRISIL AA      2000    Reaffirmed
$interchangeable with non-fund based facility of Rs 40 crore
Balrampur Chini Mills Ltd               CC^                CRISIL AA      17030   Reaffirmed
^interchangeable with non-fund based facility of Rs 50 crore
Balrampur Chini Mills Ltd               CC**               CRISIL AA      1500    Reaffirmed
**interchangeable with non-fund based facility of Rs 15 crore
Balrampur Chini Mills Ltd               LT Loan            CRISIL AA      3876.3  Reaffirmed
Bhanwariya Infra Projects Pvt Ltd       Overdraft          CRISIL BB+     50      Assigned
Delhi Metro Rail Corporation Ltd        Proposed LT Bk     CRISIL AA+     18000   Reaffirmed
                                        Loan Fac
Delhi Metro Rail Corporation Ltd        NCD                CRISIL AA+     18000   Reaffirmed
Dips Bioscience Pvt Ltd                 Proposed CC Limit  CRISIL BB      60
Dips Bioscience Pvt Ltd                 Proposed LT Bk     CRISIL BB      5
                                        Loan Fac
East West Combined Industries           Overdraft          CRISIL B+      9.8     Migrated
(Issuer Not Cooperating)
ECL Finance Ltd                         CC**               CRISIL AA      25800   Reaffirmed
**Including working capital demand loan
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      123550  Reaffirmed
ECL Finance Ltd                         Proposed LT Bk     CRISIL AA      650     Reaffirmed
                                        Loan Fac*
*Interchangeable with short term bank facilities
ECL Finance Ltd                         Retail Bond@       CRISIL AA      20000   Assigned
@proposed public issue of retail NCDs
ECL Finance Ltd                         Retail Bond        CRISIL AA      20000   Reaffirmed
ECL Finance Ltd                         NCD                CRISIL AA      15000   Reaffirmed
ECL Finance Ltd                         NCD@               CRISIL AA      20000   Reaffirmed
@proposed public issue of retail NCDs
ECL Finance Ltd                         NCD                CRISIL AA      41300   Reaffirmed
ECL Finance Ltd                         Subordinated Debt  CRISIL AA      4000    Reaffirmed
ECL Finance Ltd                         LT Principal       CRISIL PP-MLD  3000    Reaffirmed
                                        Protected Market   Aar
                                        Linked Debentures
ECL Finance Ltd                         LT Principal       CRISIL PP-MLD  10000   Reaffirmed
                                        Protected Market   Aar
                                        Linked Debentures
ECL Finance Ltd                         Principal          CRISIL PP-MLD  11900   Reaffirmed
                                        Protected Equity   Aar
                                        Linked Debentures
ECL Finance Ltd                         Principal          CRISIL PP-MLD  350     Reaffirmed
                                        Protected          Aar
                                        Commoptionally convertible debentureity Linked
                                        Debentures
Envogue Wood Working Pvt Ltd            CC                 CRISIL BB-     5       Migrated
(Issuer Not Cooperating)
Envogue Wood Working Pvt Ltd            Non-FBL            CRISIL BB-     75      Migrated
(Issuer Not Cooperating)
Envogue Wood Working Pvt Ltd            Proposed TL        CRISIL BB-     7.8     Migrated
(Issuer Not Cooperating)
Envogue Wood Working Pvt Ltd            TL                 CRISIL BB-     17.2    Migrated
(Issuer Not Cooperating)
Erode Amarnath Mills Pvt Ltd            CC                 CRISIL B       12.5    Migrated
(Issuer Not Cooperating)
Erode Amarnath Mills Pvt Ltd            LT Loan            CRISIL B       43      Migrated
(Issuer Not Cooperating)
Erode Amarnath Mills Pvt Ltd            Proposed CC Limit  CRISIL B       12.5    Migrated
(Issuer Not Cooperating)
Essel Finance Business Loans Ltd        CC                 CRISIL BB+     85      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications'
Essel Finance Business Loans Ltd        Overdraft          CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications'
Essel Finance Business Loans Ltd        Proposed LT Bk     CRISIL BB+     1415    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications'
Essel Finance Business Loans Ltd        TL                 CRISIL BB+     450     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications'
Essel Finance Business Loans Ltd        NCD                CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications
Essel Finance Business Loans Ltd        NCD                CRISIL BB+     200     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications
Essel Finance Business Loans Ltd        Subordinated NCDs  CRISIL BB+     250     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications
Eurolax Pack LLP                        CC                 CRISIL B       50      Migrated
(Issuer Not Cooperating)
Eurolax Pack LLP                        LT Loan            CRISIL B       67      Migrated
(Issuer Not Cooperating)
EVIO Pvt Ltd                            TL                 CRISIL BBB-    60      Assigned
Garg Tube Ltd                           CC                 CRISIL BB      80      Migrated
(Issuer Not Cooperating)
Garg Tube Ltd                           Export Packing     CRISIL BB      60      Migrated
                                        Credit
(Issuer Not Cooperating)
Garg Tube Ltd                           Proposed FB Bk     CRISIL BB      50      Migrated
                                        Limits
(Issuer Not Cooperating)
Goldstar Metals Ltd                     CC                 CRISIL BB      80      Migrated
(Issuer Not Cooperating)
Goodway Chemicals Pvt Ltd               CC                 CRISIL BB      130     Assigned
Goodway Chemicals Pvt Ltd               Proposed FB Bk     CRISIL BB      20      Assigned
                                        Limits
Grasim Industries Ltd                   CC^                CRISIL AAA     5450    Reaffirmed
^Interchangeable with Working Capital demand Loan (WCDL), Packing Credit in Foreign Currency
(PCFC), Short Term Loan, Buyers Credit
Grasim Industries Ltd                   Rupee TL           CRISIL AAA     1392.7  Reaffirmed
Grasim Industries Ltd                   NCD                CRISIL AAA     20000   Reaffirmed
Grasim Industries Ltd                   NCD                CRISIL AAA     5000    Reaffirmed
Hi-Tech Satluj Motors Pvt Ltd           Inventory Funding  CRISIL D       132.4   Downgraded
                                        Fac                                       from CRISIL B
Hi-Tech Satluj Motors Pvt Ltd           Overdraft          CRISIL D       67.6    Downgraded
                                                                                  from CRISIL B
HR Rice Mills Pvt Ltd                   Proposed LT Bk     CRISIL B+      2.1     Assigned
                                        Loan Fac
HR Rice Mills Pvt Ltd                   LT Loan            CRISIL B+      17.8    Assigned
HR Rice Mills Pvt Ltd                   CC                 CRISIL B+      33.2    Assigned
Indo-National Ltd                       CC*                CRISIL A       135     Reaffirmed
*Interchangeable with short term loan up to Rs. 7.5 Cr
International Certification Services    LT Loan            CRISIL B-      37      Migrated
Pvt Ltd
(Issuer Not Cooperating)
International Certification Services    Overdraft          CRISIL B-      15      Migrated
Pvt Ltd
(Issuer Not Cooperating)
International Certification Services    Proposed Overdraft CRISIL B-      3       Migrated
Pvt Ltd                                 Fac
(Issuer Not Cooperating)
J. S. R. M. Foods                       CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL B+
J. S. R. M. Foods                       Proposed LT Bk     CRISIL D       9.2     Downgraded
                                        Loan Fac                                  from CRISIL B+
J. S. R. M. Foods                       TL                 CRISIL D       10.8    Downgraded
                                                                                  from CRISIL B+
K. V. Aromatics Pvt Ltd                 CC                 CRISIL BBB-    80      Downgraded
                                                                                  from CRISIL
                                                                                  BBB- and
                                                                                  Withdrawn
K. V. Aromatics Pvt Ltd                 Export Packing     CRISIL BBB-    1070    Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB- and
                                                                                  Withdrawn
K. V. Aromatics Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    60      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB- and
                                                                                  Withdrawn
K. V. Aromatics Pvt Ltd                 Standby LOC        CRISIL BBB-    230     Downgraded
                                                                                  from CRISIL
                                                                                  BBB- and
                                                                                  Withdrawn
Kevin Process Technologies Pvt Ltd      CC                 CRISIL BB+     40      Migrated
(Issuer Not Cooperating)
Kimplas Piping Systems Ltd              CC                 CRISIL BBB-    150     Withdrawn
Kimplas Piping Systems Ltd              Rupee TL           CRISIL BBB-    78      Withdrawn
Kuksons Electronics Pvt Ltd             CC                 CRISIL BB-     30      Migrated
(Issuer Not Cooperating)
Kuksons Electronics Pvt Ltd             Proposed CC Limit  CRISIL BB-     15      Migrated
(Issuer Not Cooperating)
Kurnool Municipal Corporation           Corporate Credit   CCR BBB        -       Withdrawn
                                        Rating
Lahariya Oil Industries Pvt Ltd         CC                 CRISIL B+      50      Migrated
(Issuer Not Cooperating)
Lahariya Oil Industries Pvt Ltd         Proposed CC Limit  CRISIL B+      10      Migrated
(Issuer Not Cooperating)
Lahariya Oil Industries Pvt Ltd         TL                 CRISIL B+      60      Migrated
(Issuer Not Cooperating)
Lamba Enterprises Pvt Ltd               CC                 CRISIL BB-     70      Migrated
(Issuer Not Cooperating)
Lamba Enterprises Pvt Ltd               Loan Against       CRISIL BB-     50      Migrated
                                        Property
(Issuer Not Cooperating)
Lancosa Ceramic LLP                     CC                 CRISIL B+      45      Reaffirmed
Lancosa Ceramic LLP                     LT Loan            CRISIL B+      134.5   Reaffirmed
Laxmi Polytex Pvt Ltd                   CC                 CRISIL B-      70      Downgraded
                                                                                  from CRISIL B
Magus Metals Pvt Ltd                    Proposed LT Bk     CRISIL D       20      Downgraded
                                        Loan Fac                                  from CRISIL B-
Magus Metals Pvt Ltd                    Secured Overdraft  CRISIL D       80      Downgraded
                                        Fac                                       from CRISIL B-
Malhotra Electronics Pvt Ltd            CC                 CRISIL BB+     80      Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Meenakshi Fibers                        CC                 CRISIL B+      66      Migrated
(Issuer Not Cooperating)
Meenakshi Fibers                        Proposed LT Bk     CRISIL B+      8.4     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Meenakshi Fibers                        Rupee TL           CRISIL B+      25.6    Migrated
(Issuer Not Cooperating)
Meera and Ceiko Pumps Pvt Ltd           CC                 CRISIL BB      20      Migrated
(Issuer Not Cooperating)
Meera and Ceiko Pumps Pvt Ltd           Proposed CC Limit  CRISIL BB      10      Migrated
(Issuer Not Cooperating)
MFL Securitisation Trust               Series A1 PTCs     Provisional    -       Assigned
LXXVI                                                     CRISIL AA (SO)         
(Originator: Magma Fincorp Ltd)                      
MFL Securitisation Trust               Series A2 PTCs     Provisional    -       Assigned
LXXVI                                                     CRISIL AA (SO)        
(Originator: Magma Fincorp Ltd)                      
MFL Securitisation Trust               Second loss Fac    Provisional    -       Assigned
LXXVI                                                     CRISIL BBB-(SO)    
(Originator: Magma Fincorp Ltd)                                                                 
               
MFL Securitisation Trust               Series A1 PTCs     Provisional    -       Assigned
LXXX                                                      CRISIL AAA (SO) 
(Originator: Magma Fincorp                            
Ltd)-MFL Securitisation Trust LXXX
MFL Securitisation Trust               Series A2 PTCs     Provisional    -       Assigned
LXXX                                                      CRISIL AAA (SO)
(Originator: Magma Fincorp                            
Ltd)-MFL Securitisation Trust LXXX
MFL Securitisation Trust               Second loss Fac    Provisional    -       Assigned
LXXX                                                      CRISIL BBB+(SO) 
(Originator: Magma Fincorp                            
Ltd)-MFL Securitisation Trust LXXX                          
MFL Securitisation Trust                Series A1 PTCs     Provisional    -       Assigned
LXXIX                                                      CRISIL AAA (SO)
(Originator: Magma Fincorp Ltd)                      
MFL Securitisation Trust                Series A2 PTCs     Provisional    -       Assigned
LXXIX                                                      CRISIL AAA (SO) 
(Originator: Magma Fincorp Ltd)                      
MFL Securitisation Trust                Second loss Fac    Provisional    -       Assigned
LXXIX                                                      CRISIL BBB (SO)
(Originator: Magma Fincorp Ltd)                                                                 
                
MFL Securitisation Trust                Series A1 PTCs     Provisional    -       Assigned
LXXVIII                                                    CRISIL AAA (SO) 
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII
MFL Securitisation Trust                Series A2 PTCs     Provisional    -       Assigned
LXXVIII                                                    CRISIL AAA (SO)
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII
MFL Securitisation Trust                Series B PTCs      Provisional    -       Assigned
LXXVIII                                                    CRISIL AAA (SO)
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII
MFL Securitisation Trust                Series C PTCs      Provisional    -       Assigned
LXXVIII                                                    CRISIL AAA (SO)
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII
MFL Securitisation Trust                Series D PTCs      Provisional    -       Assigned
LXXVIII                                                    CRISIL AAA (SO)
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII
MFL Securitisation Trust                Second loss Fac    Provisional    -       Assigned
LXXVIII                                                    CRISIL BBB-(SO) 
(Originator: Magma Fincorp                         
Ltd)-MFL Securitisation Trust LXXVIII                      
Modern Industries - Bhavnagar           CC                 CRISIL B+      30.5    Migrated
(Issuer Not Cooperating)
Modern Industries - Bhavnagar           Proposed LT Bk     CRISIL B+      19.1    Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Modern Industries - Bhavnagar           TL                 CRISIL B+      30.5    Migrated
(Issuer Not Cooperating)
Mohit Steel Industries Pvt Ltd          CC                 CRISIL BB      25      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Mohit Steel Industries Pvt Ltd          WC TL              CRISIL BB      30      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Mohit Steel Industries Pvt Ltd          Proposed CC Limit  CRISIL BB      38.3    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Monga Foods Pvt Ltd                     CC                 CRISIL BB-     90      Migrated
(Issuer Not Cooperating)
Monga Foods Pvt Ltd                     TL                 CRISIL BB-     10      Migrated
(Issuer Not Cooperating)
Mundra Tractors                         CC                 CRISIL B+      65      Migrated
(Issuer Not Cooperating)
Nandini Creation                        CC                 CRISIL B+      10      Migrated
(Issuer Not Cooperating)
Nandini Creation                        LT Loan            CRISIL B+      65      Migrated
(Issuer Not Cooperating)
Nandini Creation                        Proposed LT Bk     CRISIL B+      5       Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Nandnandan Silk Mills Pvt Ltd           CC                 CRISIL B-      67.5    Downgraded
                                                                                  from CRISIL B
Naruvizhi Ambal Modern Rice Mill Pvt LtdCC                 CRISIL B+      100     Migrated
(Issuer Not Cooperating)
New India Infra Buildtech Ltd           CC                 CRISIL BB-     17.5    Migrated
(Issuer Not Cooperating)
NKS Construction And Engineers Pvt Ltd  CC                 CRISIL BB-     50      Migrated
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   CC                 CRISIL BB      70      Migrated
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   Drop Line          CRISIL BB      6.8     Migrated
                                        Overdraft Fac
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   Overdraft          CRISIL BB      18      Migrated
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   Proposed FB Bk     CRISIL BB      15.2    Migrated
                                        Limits
(Issuer Not Cooperating)
Omega Designs Pvt Ltd                   TL                 CRISIL BB      10      Migrated
(Issuer Not Cooperating)
Omsai Professional Detective and        Proposed LT Bk     CRISIL BB+     500     Migrated
Security Services Pvt Ltd               Loan Fac
(Issuer Not Cooperating)
Opalium International Exports           CC                 CRISIL B+      15      Migrated
(Issuer Not Cooperating)
P. Rajagopal and R. Saravanan           Cash TL            CRISIL B       120     Migrated
(Issuer Not Cooperating)
Panchaganga Seeds Pvt Ltd               CC                 CRISIL BB      100     Assigned
Pansari Steels Pvt Ltd                  CC                 CRISIL B+      80      Assigned
Piyush Infratech Pvt Ltd                CC                 CRISIL BB      295     Reaffirmed
Ply Com Pvt Ltd                         CC                 CRISIL B-      50      Migrated
(Issuer Not Cooperating)
PPG Asian Paints Pvt Ltd                WC Demand Loan#    CRISIL AA      700     Reaffirmed
#Interchangeable with letter of credit/bank guarantee 
Prabhu Dayal Kanojiya                   CC                 CRISIL B       10      Migrated
(Issuer Not Cooperating)
Prabhu Dayal Kanojiya                   Proposed LT Bk     CRISIL B       20      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Prabhu Dayal Kanojiya                   Secured Overdraft  CRISIL B       50      Migrated
                                        Fac
(Issuer Not Cooperating)
R. G. International Pvt Ltd             CC                 CRISIL BB      600     Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Raghav Productivity Enhancers Ltd       CC                 CRISIL BBB-    90      Reaffirmed
Raghav Productivity Enhancers Ltd       Proposed LT Bk     CRISIL BBB-    12.5    Reaffirmed
                                        Loan Fac
Raghav Productivity Enhancers Ltd       TL                 CRISIL BBB-    45      Reaffirmed
Rajasthan Industries                    CC                 CRISIL BB      150     Migrated
(Issuer Not Cooperating)
Rati Engineering                        CC                 CRISIL B+      35      Migrated
(Issuer Not Cooperating)
Rati Engineering                        Proposed LT Bk     CRISIL B+      5       Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Rattan Steel Supply Co.                 CC                 CRISIL B       110     Migrated
(Issuer Not Cooperating)
RD Brown Box Packaging Pvt Ltd          Cash TL            CRISIL B       80      Migrated
(Issuer Not Cooperating)
RD Brown Box Packaging Pvt Ltd          LT Bk Fac          CRISIL B       135     Migrated
(Issuer Not Cooperating)
RD Brown Box Packaging Pvt Ltd          Overdraft          CRISIL B       35      Migrated
(Issuer Not Cooperating)
Royal Impex India                       Secured Overdraft  CRISIL BB      12.5    Migrated
                                        against term
                                        deposits
(Issuer Not Cooperating)
Royal Impex India                       TL                 CRISIL BB      67.5    Migrated
(Issuer Not Cooperating)
RVL Poly Industries Pvt Ltd             CC                 CRISIL BB-     105     Migrated
(Issuer Not Cooperating)
RVL Poly Industries Pvt Ltd             Proposed CC Limit  CRISIL BB-     13.4    Migrated
(Issuer Not Cooperating)
RVL Poly Industries Pvt Ltd             TL                 CRISIL BB-     26.6    Migrated
(Issuer Not Cooperating)
Sachdeva Steel Products (Ship Breakers) CC                 CRISIL BB      80      Migrated
LLP
(Issuer Not Cooperating)
Sachdeva Steel Products (Ship Breakers) Proposed LT Bk     CRISIL BB      20      Migrated
LLP                                     Loan Fac
(Issuer Not Cooperating)
Sachin Finecot Fibers                   CC                 CRISIL B+      77.5    Migrated
(Issuer Not Cooperating)
Sachin Finecot Fibers                   Proposed LT Bk     CRISIL B+      0.8     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Sachin Finecot Fibers                   TL                 CRISIL B+      21.1    Migrated
(Issuer Not Cooperating)
Sai Srinivasa Bottles Pvt Ltd           CC                 CRISIL BB-     100     Reaffirmed
Sai Srinivasa Bottles Pvt Ltd           Proposed LT Bk     CRISIL BB-     12      Reaffirmed
                                        Loan Fac
Sea Hawk Enterprises Pvt Ltd            CC                 CRISIL BB+     90      Migrated
(Issuer Not Cooperating)
Seahawk Agro Pvt Ltd                    CC                 CRISIL BB+     90      Migrated
(Issuer Not Cooperating)
Seven Seas Distillery Pvt Ltd           CC                 CRISIL BB+     250     Migrated
(Issuer Not Cooperating)
Seven Sky Entertainment Pvt Ltd         LT Loan            CRISIL BB-     150     Migrated
(Issuer Not Cooperating)
Seven Sky Entertainment Pvt Ltd         Proposed LT Bk     CRISIL BB-     30      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Shirpur Gold Refinery Ltd               CC                 CRISIL BB+     325     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Removed from 'Rating Watch with Negative Implications'
Shirpur Gold Refinery Ltd               Non-FBL            CRISIL BB+     1350    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Removed from 'Rating Watch with Negative Implications'
Shirpur Gold Refinery Ltd               Proposed LT Bk     CRISIL BB+     1885    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
Removed from 'Rating Watch with Negative Implications'
Shirpur Gold Refinery Ltd               TL                 CRISIL BB+     650     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Removed from 'Rating Watch with Negative Implications'
Shirpur Gold Refinery Ltd               WC Fac             CRISIL BB+     700     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Removed from 'Rating Watch with Negative Implications'
Sidhgiri Holdings Pvt Ltd               CC                 CRISIL B+      100     Migrated
(Issuer Not Cooperating)
Sidhgiri Holdings Pvt Ltd               Standby Line of    CRISIL B+      15      Migrated
                                        Credit
(Issuer Not Cooperating)
Sigma Chemtrade Pvt Ltd                 CC                 CRISIL BB+     55      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Siti Energy Ltd                         Proposed TL        CRISIL BB+     530
Placed on 'Rating Watch With Positive Implications'
Sri Datta Sai Cement Concrete Products  LT Loan            CRISIL BB      5       Migrated
(Issuer Not Cooperating)
Sri Datta Sai Cement Concrete Products  Proposed LT Bk     CRISIL BB      4       Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Sri Datta Sai Cement Concrete Products  Secured Overdraft  CRISIL BB      75      Migrated
                                        Fac
(Issuer Not Cooperating)
Sundaram Banking & PSU Debt Fund and    LT                 CRISIL AAAmfs  -       Reaffirmed
Sundaram Money Fund
Sundaram Banking & PSU Debt Fund and    LT                 CRISIL AAAmfs  -       Reaffirmed
Sundaram Money Fund
Sunil Chemical Industries               Bill Discounting   CRISIL BB-     15      Assigned ;
                                                                                  Suspension
                                                                                  Revoked
Super Diamond Enterprises               TL                 CRISIL BB+     1000    Migrated
(Issuer Not Cooperating)
Suvidha Engineers India Pvt Ltd         Bill Discounting   CRISIL BBB     80      Reassigned
T.C. Agro Food Industries               CC                 CRISIL BB      450     Reaffirmed
Tadipatri Municipality                  Corporate Credit   CCR BB         -       Withdrawn
                                        Rating
Tamanna Internationals Pvt Ltd          TL                 CRISIL BBB-    321.5   Assigned
Tamanna Internationals Pvt Ltd          CC                 CRISIL BBB-    162.5   Assigned
Tara Educational Trust                  Proposed FB Bk     CRISIL BB-     20      Reaffirmed
                                        Limits
Vardhman Global Infrastructures Pvt Ltd CC                 CRISIL BB+     7.5     Migrated
(Issuer Not Cooperating)
Vardhman Global Infrastructures Pvt Ltd CC/ Overdraft Fac  CRISIL BB+     10      Migrated
(Issuer Not Cooperating)
Varsha Printing Inks Mfg. Co.           CC                 CRISIL BB-     80      Assigned
Varsha Printing Inks Mfg. Co.           Proposed WC Fac    CRISIL BB-     20      Assigned
Wayne-Burt Petrochemicals Pvt Ltd       TL                 CRISIL B+      190     Assigned
YP Foods Pvt Ltd                        CC                 CRISIL B-      15      Upgraded from
                                                                                  CRISIL D
YP Foods Pvt Ltd                        Proposed LT Bk     CRISIL B-      29      Upgraded from
                                        Loan Fac                                  CRISIL D
YP Foods Pvt Ltd                        TL                 CRISIL B-      61      Upgraded from
                                                                                  CRISIL D
--------------------------------------------------------------------------------------------
$: 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)
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