April 20, 2018 / 7:41 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Apr 20

    Apr 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 19, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. S. Enterprise                        BG                 CRISIL A4+     85      Withdrawn
(Issuer Not Cooperating)
AFPL Global Pvt Ltd                     BG                 CRISIL A3+     2.5     Reaffirmed
AFPL Global Pvt Ltd                     Export Packing     CRISIL A3+     12.5    Reaffirmed
                                        Credit
AFPL Global Pvt Ltd                     Foreign Bill       CRISIL A3+     180     Reaffirmed
                                        Discounting
AFPL Global Pvt Ltd                     Foreign Bill       CRISIL A3+     130     Reaffirmed
                                        Negotiation
AFPL Global Pvt Ltd                     Foreign Exchange   CRISIL A3+     10      Reaffirmed
                                        Forward
AFPL Global Pvt Ltd                     LOC                CRISIL A3+     2.5     Reaffirmed
AFPL Global Pvt Ltd                     Proposed ST Bk     CRISIL A3+     5.1     Reaffirmed
                                        Loan Fac
AFPL Global Pvt Ltd                     Standby Line of    CRISIL A3+     24.5    Reaffirmed
                                        Credit
Akriti Sales Corporation                BG                 CRISIL A4+     10      Assigned
Chemfab Alkalis Ltd                     BG                 CRISIL A2      130     Reaffirmed
Removed from 'Rating Watch
with Developing Implications
Chemfab Alkalis Ltd                     LOC                CRISIL A2      55      Reaffirmed
Removed from 'Rating Watch
with Developing Implications
Hinduja Housing Finance Ltd             CP                 CRISIL A1+     1250    Assigned
Hydrotech Paryavaran India Pvt Ltd      BG                 CRISIL A4+     60      Withdrawn
(Issuer Not Cooperating)
M. E. Infra Projects Pvt Ltd            BG                 CRISIL A4+     360     Migrated from
                                                                                  CRISIL B
(Issuer Not Cooperating)
Masina Alloys Pvt Ltd                   BG                 CRISIL A4+     11      Upgraded from
                                                                                  CRISIL A4
Mishra Dhatu Nigam Ltd                  BG                 CRISIL A1+     1000    Reaffirmed
Mishra Dhatu Nigam Ltd                  LOC                CRISIL A1+     1200    Reaffirmed
Nagode International Pvt Ltd            Export Packing     CRISIL A4+     110     Withdrawn
                                        Credit & Export
                                        Bills Negotiation/
                                        Foreign Bill discounting
(Issuer Not Cooperating)
Namratha Oil Refineries Pvt Ltd         LOC                CRISIL A2      40      Upgraded from
                                                                                  CRISIL A3+
Upgraded from CRISIL A3+
Neelplast Polymers Pvt Ltd              BG                 CRISIL A4+     15      Assigned
PG Electroplast Ltd                     LOC & BG           CRISIL A4      180     Withdrawn
(Issuer Not Cooperating)
Raghav Trading Corporation              BG                 CRISIL A4+     40      Reaffirmed
Rajhans Impex Pvt Ltd                   BG                 CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Rajhans Impex Pvt Ltd                   Foreign Exchange   CRISIL A4      15      Downgraded
                                        Forward                                   from CRISIL
                                                                                  A4+
S K International Stones Pvt Ltd        Export Packing     CRISIL A4+     20      Reaffirmed
                                        Credit
S K International Stones Pvt Ltd        Foreign Bill       CRISIL A4+     9       Reaffirmed
                                        Discounting
Technico Strips and Tubes Pvt Ltd       LOC                CRISIL A4      112.5   Withdrawn
(Issuer Not Cooperating)
Veer Chemicals                          LOC                CRISIL A4      45      Reaffirmed

LONG TERM RATINGS:
-------------------
A. S. Enterprise                        CC                 CRISIL BB      3.5     Withdrawn
(Issuer Not Cooperating)
Abhilasha Jewellers Pvt Ltd             CC                 CRISIL BB+     680     Withdrawn
(Issuer Not Cooperating)
Agasthyacode Rubber Traders             CC                 CRISIL B-      130     Revised from
                                                                                  CRISIL B to
                                                                                  CRISIL D and
                                                                                  Simultaneously
                                                                                  Upgraded to
                                                                                  CRISIL B-
Ajita Sil-Chem Pvt Ltd                  Proposed BG        CRISIL BB+     37.5    Assigned
Ajita Sil-Chem Pvt Ltd                  CC                 CRISIL BB+     120     Assigned
Ajita Sil-Chem Pvt Ltd                  LT Loan            CRISIL BB+     132.5   Assigned
Akriti Sales Corporation                Channel Financing  CRISIL BB      80      Assigned
Akriti Sales Corporation                CC                 CRISIL BB      120     Assigned
Bija Poultary Farm Pvt Ltd              CC                 CRISIL BB-     267     Assigned
Bija Poultary Farm Pvt Ltd              TL                 CRISIL BB-     248     Assigned
BVSR SSG Road Projects Pvt Ltd          LT Loan            CRISIL BBB-    1267.2  Reaffirmed
BVSR SSG Road Projects Pvt Ltd          Proposed LT Bk     CRISIL BBB-    142.8   Reaffirmed
                                        Loan Fac
Chaitanya Cashew Company                Packing Credit     CRISIL D       80      Downgraded
                                                                                  from CRISIL A4
(Issuer Not Cooperating)
Chemfab Alkalis Ltd                     CC                 CRISIL BBB+    100     Reaffirmed
Removed from 'Rating Watch
with Developing Implications
Chemfab Alkalis Ltd                     LT Loan            CRISIL BBB+    450     Reaffirmed
Removed from 'Rating Watch
with Developing Implications
Chemfab Alkalis Ltd                     Proposed LT Bk     CRISIL BBB+    200     Reaffirmed
                                        Loan Fac
Removed from 'Rating Watch
with Developing Implications
Hind Aluminium Industries Ltd           TL                 CRISIL BBB+    51.1    Withdrawn

(Issuer Not Cooperating)
Hinduja Housing Finance Ltd             NCD                CRISIL AA-     2000    Assigned
Hridyanshu Multitrade Pvt Ltd           TL                 CRISIL BBB     800     Reaffirmed
Hydrotech Paryavaran India Pvt Ltd      CC                 CRISIL BB-     40      Withdrawn
(Issuer Not Cooperating)
Jagdhatri Papers Pvt Ltd                CC                 CRISIL BB      84.5    Reaffirmed
Junction Fabrics And Apparels Ltd       CC                 CRISIL BB-     93.1    Assigned
Junction Fabrics And Apparels Ltd       LT Bk Fac          CRISIL BB-     0.4     Assigned
K G N Motors Pvt Ltd                    CC                 CRISIL B       100     Assigned
K G N Motors Pvt Ltd                    Rupee TL           CRISIL B       50      Assigned
Karthikai Textile Mills                 CC                 CRISIL D       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Karthikai Textile Mills                 Foreign Bill       CRISIL D       45      Downgraded
                                        Discounting                               from CRISIL
                                                                                  BB+
Karthikai Textile Mills                 TL                 CRISIL D       135     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Landscape Reality                       LT Loan            CRISIL B+      670     Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Malwa Automobiles Pvt Ltd               CC                 CRISIL B+      130.7   Reaffirmed
Manav Agri Foods Pvt Ltd                CC                 CRISIL B+      175     Withdrawn
(Issuer Not Cooperating)
Manav Agri Foods Pvt Ltd                TL                 CRISIL B+      55      Withdrawn
(Issuer Not Cooperating)
Mandovi Minerals Pvt Ltd                CC                 CRISIL B       20      Reaffirmed
Mandovi Minerals Pvt Ltd                Proposed LT Bk     CRISIL B       26.9    Reaffirmed
                                        Loan Fac
Mandovi Minerals Pvt Ltd                TL                 CRISIL B       123.1   Reaffirmed
Masina Alloys Pvt Ltd                   CC                 CRISIL BB-     70      Upgraded from
                                                                                  CRISIL B+
Masina Alloys Pvt Ltd                   LT Loan            CRISIL BB-     10      Upgraded from
                                                                                  CRISIL B+
MBR Exims Pvt Ltd                       CC                 CRISIL B-      250     Migrated from
                                                                                  CRISIL B-
(Issuer Not Cooperating)
MBR Exims Pvt Ltd                       Proposed LT Bk     CRISIL B-      50      Migrated from
                                        Loan Fac                                  CRISIL B-
(Issuer Not Cooperating)
Mishra Dhatu Nigam Ltd                  CC                 CRISIL AA-     250     Reaffirmed
Mishra Dhatu Nigam Ltd                  LT Loan            CRISIL AA-     71.6    Withdrawn
Nagode International Pvt Ltd            Proposed TL        CRISIL BB      40      Withdrawn
(Issuer Not Cooperating)
Nakoda Unique Gold Pvt Ltd              CC                 CRISIL BB+     350     Withdrawn
(Issuer Not Cooperating)
Namratha Oil Refineries Pvt Ltd         CC                 CRISIL BBB     120     Reaffirmed
Reaffirmed
Neelplast Polymers Pvt Ltd              CC                 CRISIL BB-     155     Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
PG Electroplast Ltd                     CC                 CRISIL BB-     150     Withdrawn
(Issuer Not Cooperating)
PG Electroplast Ltd                     Proposed LT Bk     CRISIL BB-     98      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
PG Electroplast Ltd                     WC TL              CRISIL BB-     215     Withdrawn
(Issuer Not Cooperating)
Raghav Trading Corporation              CC                 CRISIL BB      20      Reaffirmed
Rajhans Impex Pvt Ltd                   Line of Credit     CRISIL B       170     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Rajhans Impex Pvt Ltd                   Proposed LT Bk     CRISIL B       25      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Rattan Rice Mills                       CC                 CRISIL B+      55      Withdrawn
(Issuer Not Cooperating)
Rattan Rice Mills                       Proposed LT Bk     CRISIL B+      14.5    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Rattan Rice Mills                       TL                 CRISIL B+      20.5    Withdrawn
(Issuer Not Cooperating)
S K International Stones Pvt Ltd        CC                 CRISIL BB-     20      Reaffirmed
S K International Stones Pvt Ltd        Proposed LT Bk     CRISIL BB-     1       Reaffirmed
                                        Loan Fac
S. R. Textile Suppliers                 CC                 CRISIL B+      210     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
S. R. Textile Suppliers                 Proposed LT Bk     CRISIL B+      9       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Sagar Enterprises                       CC                 CRISIL B+      90      Reaffirmed
Sharma Industries - Jodhpur             Buyer Credit       CRISIL BB+     99      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sharma Industries - Jodhpur             Proposed Rupee TL  CRISIL BB+     18      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sharma Industries - Jodhpur             Rupee TL           CRISIL BB+     83      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Shree Karthik Papers Ltd                CC                 CRISIL BB-     70      Reaffirmed
Shree Karthik Papers Ltd                LT Loan            CRISIL BB-     30      Reaffirmed
Sun Shine Autos Pvt Ltd                 CC                 CRISIL BB      60      Assigned
Technico Strips and Tubes Pvt Ltd       CC                 CRISIL B+      177.5   Withdrawn
(Issuer Not Cooperating)
Technico Strips and Tubes Pvt Ltd       TL                 CRISIL B+      90      Withdrawn
(Issuer Not Cooperating)
Veer Chemicals                          CC                 CRISIL B       20      Reaffirmed
Vessel Warehousing Pvt Ltd              Lease Rental       CRISIL BBB-    950     Assigned
                                        Discounting Loan
Viraj Canes And Energy Ltd              TL                 CRISIL B+      200     Assigned
Viraj Canes And Energy Ltd              CC                 CRISIL B+      30      Assigned
Viraj Canes And Energy Ltd              Proposed LT Bk     CRISIL B+      250     Assigned
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: 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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