April 23, 2018 / 7:23 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Apr 23

    Apr 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 20& 21, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aum Shri Hotels and Resorts Pvt Ltd     BG                 CRISIL A4      173.1   -
(Issuer Not Cooperating)
C.R.Garments                            Bill Discounting   CRISIL A3+     30      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
C.R.Garments                            Packing Credit in  CRISIL A3+     120     Migrated from
                                        Foreign Currency                          CRISIL A3
(Issuer Not Cooperating)
Cliff Scaffoldings Pvt Ltd              LOC                CRISIL A4      40      -
(Issuer Not Cooperating)
Cliff Scaffoldings Pvt Ltd              Packing Credit     CRISIL A4      110     -
(Issuer Not Cooperating)
D B Machine Tools Pvt Ltd               Foreign            CRISIL A4+     65      Reaffirmed
                                        Documentary Bills
                                        Purchase
D B Machine Tools Pvt Ltd               Packing Credit     CRISIL A4+     45      Reaffirmed
Deutsche Bank A. G.                     CDs                CRISIL A1+     20000   Reaffirmed
Deutsche Investments India Pvt Ltd      CP Programme       CRISIL A1+     22000   Reaffirmed
DLA Industries Pvt Ltd                  BG                 CRISIL A4      1.5     -
(Issuer Not Cooperating)
Fashion Matrix Overseas                 LOC                CRISIL A3      10      -
(Issuer Not Cooperating)
Fashion Matrix Overseas                 Packing Credit     CRISIL A3      55      -
(Issuer Not Cooperating)
Fashion Matrix Overseas                 Proposed ST Bk     CRISIL A3      240     -
                                        Loan Fac
(Issuer Not Cooperating)
Garg Duplex and Paper Mills Pvt Ltd     LOC                CRISIL A3      50      Assigned
Good Luck Capital Pvt Ltd               Overdraft          CRISIL A4      100     -
(Issuer Not Cooperating)
Good Luck Capital Pvt Ltd               Proposed NFBL      CRISIL A4      20      -
(Issuer Not Cooperating)
Hindustan Auto Agency                   BG                 CRISIL A3      80      Reaffirmed
Indo Autotech Ltd                       BG                 CRISIL A2+     10      Reaffirmed
Indo Autotech Ltd                       LOC                CRISIL A2+     130     Reaffirmed
Indo Autotech Ltd                       Packing Credit in  CRISIL A2+     220     Reaffirmed
                                        Foreign Currency
Ingersoll Rand India Ltd                LOC & BG           CRISIL A1+     770     Reaffirmed
Ingersoll Rand India Ltd                Proposed NFBL      CRISIL A1+     10      Reaffirmed
Laxmi Fabdye Printing Pvt Ltd           Overdraft          CRISIL A4      20      -
(Issuer Not Cooperating)
Lhasa Hotel & Restaurant                Overdraft          CRISIL A4      58      -
(Issuer Not Cooperating)
LIC Housing Finance Ltd                 ST Bk Fac          CRISIL A1+     107750  Reaffirmed
LIC Housing Finance Ltd                 CP                 CRISIL A1+     100000  Reaffirmed
Maheshwari Technocast Ltd               BG                 CRISIL A4      1       -
(Issuer Not Cooperating)
Maheshwari Technocast Ltd               LOC                CRISIL A4      6.7     -
(Issuer Not Cooperating)
Mysore Mercantile Co. Ltd               Packing Credit     CRISIL A4+     610     Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Parekh Agencies                         Bill Discounting   CRISIL A4      27      -
                                        under LOC
(Issuer Not Cooperating)
Parekh Agencies                         LOC                CRISIL A4      40      -
(Issuer Not Cooperating)
Phyto Chem (India) Ltd                  Inland/Import LOC  CRISIL A4+     50      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Piaggio Vehicles Pvt Ltd                BG                 CRISIL A1      2000    Reaffirmed
Piaggio Vehicles Pvt Ltd                Bill Discounting   CRISIL A1      2200    Reaffirmed
Piaggio Vehicles Pvt Ltd                LOC & BG           CRISIL A1      2450    Reaffirmed
Piaggio Vehicles Pvt Ltd                ST Loan            CRISIL A1      500     Reaffirmed
Piaggio Vehicles Pvt Ltd                Bill Discounting^  CRISIL A1      300     Reaffirmed
^Interchangeable with Letter of Credit and Bank Guarantee
R.A. Knitwear Pvt Ltd                   LOC                CRISIL A4      4       -
(Issuer Not Cooperating)
Shalak Eatable Products Pvt. Ltd.       Standby Overdraft  CRISIL A4      15      -
                                        Fac
(Issuer Not Cooperating)
Shivhare Road lines                     BG                 CRISIL A4      35      -
(Issuer Not Cooperating)
Shivhare Road lines                     LOC                CRISIL A4      15      -
(Issuer Not Cooperating)
T.P.S. Sekar                            BG                 CRISIL A4      10      Reaffirmed
Vinayak Tmt Bars Pvt Ltd                BG                 CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)



MEDIUM TERM RATINGS:
-------------------
LIC Housing Finance Ltd                 FD Programme       FAAA           -       Reaffirmed



LONG TERM RATINGS:
-------------------
Aum Shri Hotels and Resorts Pvt Ltd     Proposed LT Bk     CRISIL B+      6.9     -
                                        Loan Fac
(Issuer Not Cooperating)
Bansal Rice Mills - Ismailabad          CC                 CRISIL B+      55      -

(Issuer Not Cooperating)
Bansal Rice Mills - Ismailabad          Proposed LT Bk     CRISIL B+      40      -
                                        Loan Fac
(Issuer Not Cooperating)
Bansal Rice Mills - Ismailabad          TL                 CRISIL B+      5       -
(Issuer Not Cooperating)
Blue Nile Developers Pvt Ltd            LT Loan            CRISIL BB-     60      Reaffirmed
Blue Nile Developers Pvt Ltd            Proposed LT Bk     CRISIL BB-     40      Reaffirmed
                                        Loan Fac
C.R.Garments                            CC                 CRISIL BBB     20      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
C.R.Garments                            LT Loan            CRISIL BBB     70      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
C.R.Garments                            Proposed LT Bk     CRISIL BBB     105     Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
California Agri Nuts Corp.              CC/ Overdraft Fac  CRISIL B+      100     Reaffirmed
Chinar Syntex Ltd                       CC                 CRISIL B+      210     -
(Issuer Not Cooperating)
Chinar Syntex Ltd                       Proposed LT Bk     CRISIL B+      20      -
                                        Loan Fac
(Issuer Not Cooperating)
De Son Marketing Pvt Ltd                CC                 CRISIL BB+     20      Reaffirmed
De Son Marketing Pvt Ltd                Electronic Dealer  CRISIL BB+     200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
DLA Industries Pvt Ltd                  CC                 CRISIL B-      47.5    -
(Issuer Not Cooperating)
DLA Industries Pvt Ltd                  Proposed LT Bk     CRISIL B-      51      -
                                        Loan Fac
(Issuer Not Cooperating)
DLA Industries Pvt Ltd                  TL                 CRISIL B-      100     -
(Issuer Not Cooperating)
Eternity Globetex Pvt Ltd               CC                 CRISIL B+      80      -
(Issuer Not Cooperating)
Fashion Matrix Overseas                 Overdraft          CRISIL BBB-    55      -
(Issuer Not Cooperating)
Fashion Matrix Overseas                 Proposed LT Bk     CRISIL BBB-    30      -
                                        Loan Fac
(Issuer Not Cooperating)
Garg Duplex and Paper Mills Pvt Ltd     Proposed LT Bk     CRISIL BBB-    1       Assigned
                                        Loan Fac
Garg Duplex and Paper Mills Pvt Ltd     LT Loan            CRISIL BBB-    70      Assigned
Garg Duplex and Paper Mills Pvt Ltd     CC                 CRISIL BBB-    100     Assigned
Good Luck Capital Pvt Ltd               CC                 CRISIL B-      180     -
(Issuer Not Cooperating)
Hindustan Auto Agency                   CC                 CRISIL BBB-    370     Reaffirmed
Hotel Ganesh Pvt Ltd                    Proposed Rupee TL  CRISIL B       100     -
(Issuer Not Cooperating)
Indo Autotech Ltd                       CC                 CRISIL A-      525     Reaffirmed
Indo Autotech Ltd                       Proposed LT Bk     CRISIL A-      606.5   Reaffirmed
                                        Loan Fac
Indo Autotech Ltd                       TL                 CRISIL A-      558.5   Reaffirmed
Indo MIM Pvt Ltd                        CC                 -              579.5   Withdrawn
(Issuer Not Cooperating)
Indo MIM Pvt Ltd                        Export Packing     -              300     Withdrawn
                                        Credit
(Issuer Not Cooperating)
Indo MIM Pvt Ltd                        TL                 -              2794.9  Withdrawn
(Issuer Not Cooperating)
Ingersoll Rand India Ltd                CC                 CRISIL AA+     20      Reaffirmed
Jind Industrial And Manufacturing Works BG                 -              3       Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Jind Industrial And Manufacturing Works CC                 -              48      Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Jind Industrial And Manufacturing Works Proposed LT Bk     -              47.2    Withdrawn
Pvt Ltd                                 Loan Fac
(Issuer Not Cooperating)
Jind Industrial And Manufacturing Works TL                 -              21.8    Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Jindal Poly Films Ltd                   LT Loan            CRISIL A+      1150    Reaffirmed
Jindal Poly Films Ltd                   Proposed WC Fac*   CRISIL A+      5650    Reaffirmed
* Includes working capital demand loan and packing credit, which are interchangeable
Jindal Poly Films Ltd                   Rupee TL           CRISIL A+      1330    Reaffirmed
Jindal Poly Films Ltd                   WC Fac**           CRISIL A+      350     Assigned
** This facility is for Jindal Photo Division of Jindal Poly Films Limited
KBN Gold and Diamond Jewellery          CC                 CRISIL B       98      -
(Issuer Not Cooperating)
KBN Gold and Diamond Jewellery          Proposed LT Bk     CRISIL B       2       -
                                        Loan Fac
(Issuer Not Cooperating)
Kissan Agro Industries                  CC                 -              60      Withdrawn
(Issuer Not Cooperating)
Kissan Agro Industries                  Proposed LT Bk     -              27.5    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Kissan Agro Industries                  TL                 -              10      Withdrawn
(Issuer Not Cooperating)
Krishna Cotton - Jamnagar               CC                 CRISIL B+      70      Reaffirmed
Krishna Cotton - Jamnagar               Proposed LT Bk     CRISIL B+      16.4    Reaffirmed
                                        Loan Fac
Krishna Cotton - Jamnagar               TL                 CRISIL B+      13.6    Reaffirmed
Kusumgar Corporates Pvt Ltd             TL                 CRISIL BBB     50      -
(Issuer Not Cooperating)
Laxmi Fabdye Printing Pvt Ltd           LT Loan            CRISIL B-      100     -
(Issuer Not Cooperating)
Laxmi Fabdye Printing Pvt Ltd           Proposed TL        CRISIL B-      19.6    -
(Issuer Not Cooperating)
LIC Housing Finance Ltd                 LT Bk Fac          CRISIL AAA     292848.8Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     250000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     50000   Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     100000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     50000   Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     59760   Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     200000  Reaffirmed
LIC Housing Finance Ltd                 NCDs               CRISIL AAA     338330  Reaffirmed
LIC Housing Finance Ltd                 Upper Tier II Bond CRISIL AAA     16000   Reaffirmed
LIC Housing Finance Ltd                 Tier II Bond       CRISIL AAA     17500   Reaffirmed
Maheshwari Technocast Ltd               CC                 CRISIL B       39.5    -
(Issuer Not Cooperating)
Maheshwari Technocast Ltd               TL                 CRISIL B       12.8    -
(Issuer Not Cooperating)
Mothers Pet Education Society           TL                 CRISIL BB+     220     Reaffirmed
Moulana Hospital                        LT Loan            CRISIL BBB     163.1   Reaffirmed
Moulana Hospital                        Overdraft          CRISIL BBB     45      Reaffirmed
Moulana Hospital                        Proposed LT Bk     CRISIL BBB     41.9    Reaffirmed
                                        Loan Fac
Mysore Mercantile Co. Ltd               CC                 CRISIL BB+     25      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Mysore Mercantile Co. Ltd               LT Loan            CRISIL BB+     512.9   Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Nakoda Agro Tech                        CC                 CRISIL BB-     60      Reaffirmed
Nakoda Agro Tech                        TL                 CRISIL BB-     21.5    Reaffirmed
P.S. Industries - Baddi                 CC                 -              40      Withdrawn
(Issuer Not Cooperating)
P.S. Industries - Baddi                 LT Loan            -              13      Withdrawn
(Issuer Not Cooperating)
P.S. Industries - Baddi                 Proposed LT Bk     -              2       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Parekh Agencies                         CC                 CRISIL B+      20      -
(Issuer Not Cooperating)
Parekh Agencies                         TL                 CRISIL B+      18      -
(Issuer Not Cooperating)
Phyto Chem (India) Ltd                  CC & WC demand loanCRISIL BB-     135     Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Piaggio Vehicles Pvt Ltd                CC                 CRISIL A       100     Reaffirmed
Piaggio Vehicles Pvt Ltd                Overdraft          CRISIL A       250     Reaffirmed
Piaggio Vehicles Pvt Ltd                Proposed FB Bk     CRISIL A       114.6   Reaffirmed
                                        Limits
Prakasam Enterprises                    CC                 CRISIL B+      100     Reaffirmed
R.A. Knitwear Pvt Ltd                   CC                 CRISIL B+      75      -
(Issuer Not Cooperating)
Raghuram Industries                     CC                 CRISIL B+      50      Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Raghuram Industries                     Proposed LT Bk     CRISIL B+      6       Migrated from
                                        Loan Fac                                  CRISIL B+
(Issuer Not Cooperating)
Sarathy Motors (Kollam)                 CC                 -              90      Withdrawn
(Issuer Not Cooperating)
Shalak Eatable Products Pvt. Ltd.       TL                 CRISIL B-      146.6   -
(Issuer Not Cooperating)
Shivhare Road lines                     CC                 CRISIL B+      10      -
(Issuer Not Cooperating)
Shivhare Road lines                     TL                 CRISIL B+      88      -
(Issuer Not Cooperating)
Shriniwas Ginning Industries            CC                 CRISIL B+      80      -
Shriniwas Ginning Industries            TL                 CRISIL B+      5.4     -
(Issuer Not Cooperating)
Shriniwas Ginning Industries            Warehouse FinancingCRISIL B+      14.6    -
(Issuer Not Cooperating)
Shukla Agritech Flour Industries Pvt LtdCC                 CRISIL D       52.5    Downgraded
                                                                                  from CRISIL B
Shukla Agritech Flour Industries Pvt LtdTL                 CRISIL D       55.5    Downgraded
                                                                                  from CRISIL B
Siemens Ltd                             CC/ Overdraft Fac  CRISIL AAA     1260    Reaffirmed
Siemens Ltd                             LOC & BG           CRISIL AAA     51600   Reaffirmed
Spring Dynamics Pvt Ltd                 TL                 CRISIL B       14      Assigned
Spring Dynamics Pvt Ltd                 CC                 CRISIL B       15      Assigned
Spring Dynamics Pvt Ltd                 Proposed LT Bk     CRISIL B       29      Assigned
                                        Loan Fac
T.P.S. Sekar                            CC                 CRISIL B+      55      Reaffirmed
T.P.S. Sekar                            LT Loan            CRISIL B+      9       Reaffirmed
Umed Sizers                             CC                 CRISIL BBB-    100     Upgraded from
                                                                                  CRISIL BB+
Umed Sizers                             TL                 CRISIL BBB-    24      Upgraded from
                                                                                  CRISIL BB+
Umed Tex-Fab Pvt Ltd                    Rupee TL           CRISIL BBB-    95      Upgraded from
                                                                                  CRISIL BB+
Uniq Detective & Security Services Pvt  CC                 CRISIL BB+     30      Migrated from
Ltd                                                                               CRISIL BBB
(Issuer Not Cooperating)
Uniq Detective & Security Services Pvt  Proposed BG        CRISIL BB+     40      Migrated from
Ltd                                                                               CRISIL BBB
(Issuer Not Cooperating)
Uniq Detective & Security Services Pvt  Proposed LT Bk     CRISIL BB+     30      Migrated from
Ltd                                     Loan Fac                                  CRISIL BBB
(Issuer Not Cooperating)
Unnati Writing Products Pvt Ltd         CC                 CRISIL B       80      -
(Issuer Not Cooperating)
Unnati Writing Products Pvt Ltd         Proposed LT Bk     CRISIL B       20      -
                                        Loan Fac
(Issuer Not Cooperating)
Vee Dee Enterprises                     CC#                CRISIL B       37.5    -
(Issuer Not Cooperating) / #includes sub limit of Rs.0.3 crore for packing credit and Rs.0.3
crore for post-shipment credit
Vee Dee Enterprises                     TL                 CRISIL B       32.5    -
(Issuer Not Cooperating)
Vikas Chain and Jewellery Pvt Ltd       CC                 CRISIL B+      117.5   -
(Issuer Not Cooperating)
Vinayak Tmt Bars Pvt Ltd                CC                 CRISIL BB+     150     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Vinayak Tmt Bars Pvt Ltd                Proposed LT Bk     CRISIL BB+     55      Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Vinayak Tmt Bars Pvt Ltd                Standby LOC        CRISIL BB+     25      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Vinayak Tmt Bars Pvt Ltd                TL                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BBB-
(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)
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