April 5, 2018 / 6:25 AM / 17 days ago

CRISIL ratings for Indian debt instruments-Apr 5

    Apr 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 4, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aculife Healthcare Pvt Ltd              LOC*               CRISIL A2      750     Reaffirmed
*Fully interchangeable with bank guarantee 
Alfa Chemo Plast Pvt Ltd                LOC#               CRISIL A4      55      Migrated
Issuer Not Cooperating/#sublimit of Rs.5.5 crore buyers credit 
Alfa Chemo Plast Pvt Ltd                Proposed LOC$      CRISIL A4      20      Migrated
Issuer Not Cooperating
Astron International Pvt Ltd            BG                 CRISIL A3      20      Reaffirmed
Astron International Pvt Ltd            LOC                CRISIL A3      490     Reaffirmed
Astron Zinc Industries                  LOC & BG           CRISIL A3      10.4    Reaffirmed
Astron Zircon Pvt Ltd                   BG                 CRISIL A3      32      Reaffirmed
Astron Zircon Pvt Ltd                   LOC                CRISIL A3      40      Reaffirmed
Axolo Ceramic Pvt Ltd                   LOC & BG           CRISIL A3      20      Reassigned
Bajaj Finance Ltd                       ST Bk Fac          CRISIL A1+     3750
Bajaj Finance Ltd                       Crore CP           CRISIL A1+     150000
Bajrang Wire Products India Pvt Ltd     Letter Of GuaranteeCRISIL A4+     130     Withdrawal
Issuer Not Cooperating
Comfia Industries Pvt Ltd               LOC                CRISIL A3      25      Reassigned
Crystal Crop Protection Ltd             LOC                CRISIL A1      3680    Reaffirmed
Crystal Crop Protection Ltd             Proposed LOC       CRISIL A1      170     Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  BG                 CRISIL A1+     22000   Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Export Bill        CRISIL A1+     100     Reaffirmed
                                        Purchase
                                        -Discounting
Godrej and Boyce Manufacturing Co. Ltd  LOC                CRISIL A1+     10000   Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  LOC & BG           CRISIL A1+     1600    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Line of Credit     CRISIL A1+     3000    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Pre Shipment       CRISIL A1+     5200    Reaffirmed
                                        Credit*
* Interchangeable with post-shipment export packing credit facility; includes sub-limit of
Rs.280 crores for letter of credit/bank guarantee 
Godrej and Boyce Manufacturing Co. Ltd  Proposed ST Bk     CRISIL A1+     3000    Reaffirmed
                                        Loan Fac
Godrej and Boyce Manufacturing Co. Ltd  CP                 CRISIL A1+     6000    Reaffirmed
Goel and Associates                     BG                 CRISIL A4      30      Migrated
Issuer Not Cooperating
Goldfield Fragrances Pvt Ltd            LOC                CRISIL A4      10      Withdrawal
Issuer Not Cooperating
Green Infra Wind Energy Ltd             ST Loan            CRISIL A1+     7000    Reaffirmed
Gurnam Singh and Co.                    BG                 CRISIL A4+     35      Reaffirmed
Hero Future Energies Pvt Ltd            LOC & BG^          CRISIL A1+     14300   #
^Interchangeable with fund based limits of upto Rs 450 crore 
Inland World Logistics Pvt Ltd          BG                 CRISIL A2      170     Reaffirmed
Inox Wind Infrastructure Services Ltd   BG                 CRISIL A2+     500     Assigned
Jatan Constructions Pvt Ltd             BG                 CRISIL A4+     200     Withdrawal
Issuer Not Cooperating
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      800     Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      200     Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd               LOC & BG@          CRISIL A1      250     Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd               CP                 CRISIL A1      250     Reaffirmed
Karuna Management Services Ltd          BG                 CRISIL A2      85      Reaffirmed
Lee Pharma Ltd                          BG                 CRISIL A3      15      Reaffirmed
Lee Pharma Ltd                          LOC                CRISIL A3      140     Reaffirmed
Mittapalli Agro Enterprises             Packing Credit     CRISIL A4+     100     Migrated
Issuer Not Cooperating
Mittapalli Agro Exports                 Packing Credit     CRISIL A4+     110     Migrated
Issuer Not Cooperating
Mittapalli Agro Products Pvt Ltd        BG                 CRISIL A4+     5       Migrated
Issuer Not Cooperating
Mittapalli Agro Products Pvt Ltd        Foreign Exchange   CRISIL A4+     5       Migrated
                                        Forward
Issuer Not Cooperating
NEC Packaging Ltd                       LOC                CRISIL A4      10      Withdrawal
Issuer Not Cooperating
Quantas Glass And Ceramic Pvt Ltd       BG                 CRISIL A3      6       Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       LOC                CRISIL A3      20      Reaffirmed
R.K.Engineers Sales Ltd                 BG                 CRISIL A3+     490     Reaffirmed
Rakshit Drugs Pvt Ltd                   Inland/Import LOC  CRISIL A4+     40      Reaffirmed
Rakshit Drugs Pvt Ltd                   Packing Credit     CRISIL A4+     25      Reaffirmed
Rakshit Pharmaceuticals Ltd             Inland/Import LOC  CRISIL A4+     60      Reaffirmed
Rakshit Pharmaceuticals Ltd             Proposed LOC       CRISIL A4+     30      Reaffirmed
Rakshit Pharmaceuticals Ltd             Proposed Packing   CRISIL A4+     20      Reaffirmed
                                        Credit
Royalcare Super Speciality Hospital Ltd BG                 CRISIL A4      43.5    Reaffirmed
                                                                                  and Withdrawal
S. S. and Company - Gurgaon             BG                 CRISIL A4+     110     Reaffirmed
Issuer Not Cooperating
Salzer Magnet Wires Ltd                 BG                 CRISIL A4+     3       $
Salzer Magnet Wires Ltd                 LOC                CRISIL A4+     80      $
Satvik Enterprises Ltd                  BG                 CRISIL A3      10      Reaffirmed
Satvik Enterprises Ltd                  Bill Discounting   CRISIL A3      80      Reaffirmed
Satvik Enterprises Ltd                  LOC                CRISIL A3      260     Reaffirmed
Sharp Designers And Engineers India Pvt Packing Credit     CRISIL A4+     15      Assigned
Ltd
Sharp Designers And Engineers India Pvt LOC                CRISIL A4+     40      Assigned
Ltd
Sharp Designers And Engineers India Pvt BG                 CRISIL A4+     40      Assigned
Ltd
Shivam Jewels - Mumbai                  Post Shipment      CRISIL A3      125     Assigned
                                        Credit
Shor Shot India Pvt Ltd                 LOC                CRISIL A4      11      Reaffirmed
Shor Shot India Pvt Ltd                 Packing Credit     CRISIL A4      30      Reaffirmed
Shor Shot India Pvt Ltd                 Standby Line of    CRISIL A4      10      Reaffirmed
                                        Credit
Shree Shakti Ceramics - Mehsana         LOC                CRISIL A3      20      Reaffirmed
Shreenath Ceramics Industries           BG                 CRISIL A3      19      Reaffirmed
Shreenath Ceramics Industries           LOC                CRISIL A3      50      Reaffirmed
Silvertones Speciality Textile Pvt Ltd  LOC                CRISIL A4+     60      Migrated
Issuer Not Cooperating
Sivasakthi Exports                      BG                 CRISIL A4      17.5    Assigned
Spire Cera-Frit Pvt Ltd                 BG                 CRISIL A3      20      Reaffirmed
Spire Cera-Frit Pvt Ltd                 LOC                CRISIL A3      40      Assigned
Sri Satya Sai Constructions             BG                 CRISIL A4      75      Migrated
Issuer Not Cooperating
Star Export                             Packing Credit     CRISIL A4      10      Migrated
Issuer Not Cooperating
Stream Ceramic Pvt Ltd                  BG                 CRISIL A4      10      Migrated
Issuer Not Cooperating
Sunrise Silichem Industries Pvt Ltd     BG                 CRISIL A3      10      Reaffirmed
Sunrise Silichem Industries Pvt Ltd     LOC                CRISIL A3      40      Reaffirmed
Surendra Infrastructure Pvt Ltd         BG                 CRISIL A4+     160     Migrated
Issuer Not Cooperating
Surendra Infrastructure Pvt Ltd         LOC                CRISIL A4+     27.5    Migrated
Issuer Not Cooperating
Surendra Infrastructure Pvt Ltd         Overdraft          CRISIL A4+     12.5    Migrated
Issuer Not Cooperating
Time Technoplast Ltd                    LOC & BG           CRISIL A1      56@     Reaffirmed
@ Includes sublimit of Rs.7.5 crore for bank guarantee and fully interchangeable with standby
letter of credit
Time Technoplast Ltd                    LOC & BG           CRISIL A1      4.5     Reaffirmed
Time Technoplast Ltd                    LOC & BG           CRISIL A1      1225    Reaffirmed
Time Technoplast Ltd                    LOC & BG           CRISIL A1      8**     Reaffirmed
** Includes sublimit of Rs.1 crore for bank guarantee
Time Technoplast Ltd                    CP                 CRISIL A1      1600    Reaffirmed
Vardhman Cables and Conductors          BG                 CRISIL A4      70      Withdrawal
Issuer Not Cooperating
Vardhman Cables and Conductors          Bill Discounting   CRISIL A4      210     Withdrawal
                                        under LOC
Issuer Not Cooperating
Vardhman Cables and Conductors          LOC                CRISIL A4      90      Withdrawal
Issuer Not Cooperating
Vijayneha Polymers Pvt Ltd              LOC                CRISIL A3+     200     Reaffirmed
Vishnu Carpets                          Export Packing     CRISIL A4      25      Migrated
                                        Credit
Issuer Not Cooperating
Vishnu Carpets                          Foreign Demand     CRISIL A4      25      Migrated
                                        Bill Purchase
Issuer Not Cooperating
Viswaat Chemicals Ltd                   BG                 CRISIL A3+     20      Reaffirmed
Viswaat Chemicals Ltd                   LOC                CRISIL A3+     240     Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      BG                 CRISIL A3      50      Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      LOC                CRISIL A3      150     Reaffirmed
Zirconia Cera Tech Glazes               BG                 CRISIL A3      15      Reaffirmed
MEDIUM TERM RATINGS:
-------------------
Bajaj Finance Ltd                       FD Programme       FAAA           -
LONG TERM RATINGS:
-------------------
A R S Fabrics Pvt Ltd                   TL                 CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Aculife Healthcare Pvt Ltd              CC                 CRISIL BBB+    1500    Reaffirmed
Aculife Healthcare Pvt Ltd              TL                 CRISIL BBB+    2700    Reaffirmed
Aggarwal Cotton and General Mills       CC                 CRISIL B+      100     Withdrawal
Aggarwal Cotton and General Mills       Proposed LT Bk     CRISIL B+      40      Withdrawal
                                        Loan Fac
Alfa Chemo Plast Pvt Ltd                CC                 CRISIL B-      25      Migrated
Issuer Not Cooperating
Alfa Chemo Plast Pvt Ltd                Proposed CC Limit  CRISIL B-      12.5    Migrated
Issuer Not Cooperating
Alfa Chemo Plast Pvt Ltd                Proposed LT Bk     CRISIL B-      22.5    Migrated
                                        Loan Fac
Issuer Not Cooperating
Astron International Pvt Ltd            CC                 CRISIL BBB-    10      Reaffirmed
Astron Zinc Industries                  CC                 CRISIL BBB-    35      Reaffirmed
Astron Zinc Industries                  TL                 CRISIL BBB-    15      Reaffirmed
Astron Zircon Pvt Ltd                   CC                 CRISIL BBB-    297.5   Reaffirmed
Astron Zircon Pvt Ltd                   TL                 CRISIL BBB-    60      Reaffirmed
Axolo Ceramic Pvt Ltd                   CC                 CRISIL BBB-    35      Reaffirmed
Axolo Ceramic Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
                                        Loan Fac
Axolo Ceramic Pvt Ltd                   TL                 CRISIL BBB-    15      Reaffirmed
Bajaj Finance Ltd                       CC & WC demand loanCRISIL AAA     27900
Bajaj Finance Ltd                       LT Bk Fac          CRISIL AAA     102000
Bajaj Finance Ltd                       Proposed LT Bk     CRISIL AAA     76350
                                        Loan Fac
Bajaj Finance Ltd                       NCD                CRISIL AAA     50000
Bajaj Finance Ltd                       NCD                CRISIL AAA     70000
Bajaj Finance Ltd                       Crore NCD          CRISIL AAA     30000
Bajaj Finance Ltd                       NCDs               CRISIL AAA     70528
Bajaj Finance Ltd                       Subordinated Debt  CRISIL AAA     20000
Bajaj Finance Ltd                       Subordinate Debt   CRISIL AAA     5000
Bajaj Finance Ltd                       Subordinated Debt  CRISIL AAA     1000
Bajaj Finance Ltd                       Lower Tier-II BondsCRISIL AAA     7000
Bajrang Wire Products India Pvt Ltd     CC                 CRISIL BB+     300     Withdrawal
Issuer Not Cooperating
Bajrang Wire Products India Pvt Ltd     Proposed LT Bk     CRISIL BB+     15      Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Bajrang Wire Products India Pvt Ltd     TL                 CRISIL BB+     115     Withdrawal
Issuer Not Cooperating
Bansal Strips Pvt Ltd                   CC                 CRISIL BBB+    220     Withdrawal
Bansal Strips Pvt Ltd                   Proposed LT Bk     CRISIL BBB+    50      Withdrawal
                                        Loan Fac
Comfia Industries Pvt Ltd               CC                 CRISIL BBB-    45      Reaffirmed
Crystal Crop Protection Ltd             CC                 CRISIL A       2150    Upgraded from
                                                                                  CRISIL A-     
                                                                         
Crystal Crop Protection Ltd             Proposed CC Limit  CRISIL A       400     Upgraded from
                                                                                  CRISIL A-
Crystal Crop Protection Ltd             Proposed TL        CRISIL A       15      Upgraded from
                                                                                  CRISIL A-     
                                                                            
Crystal Crop Protection Ltd             TL                 CRISIL A       85      Upgraded from
                                                                                  CRISIL A-     
                                                                            
Dipu Enterprises Pvt Ltd                CC                 CRISIL B+      70      Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
Dipu Enterprises Pvt Ltd                Proposed LT Bk     CRISIL B+      70      Migrated from
                                        Loan Fac                                  CRISIL B+
Issuer Not Cooperating
Dipu Enterprises Pvt Ltd                TL                 CRISIL B+      10      Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
Godrej and Boyce Manufacturing Co. Ltd  CC#                CRISIL AA      13000   Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Standby LOC        CRISIL AA      2000    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  NCD                CRISIL AA      5000    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  FD Programme       FAA+           10761   Reaffirmed
Goel and Associates                     CC                 CRISIL B       38      Migrated
Issuer Not Cooperating
Goel and Associates                     Proposed LT Bk     CRISIL B       12      Migrated
                                        Loan Fac
Issuer Not Cooperating
Goldfield Fragrances Pvt Ltd            CC                 CRISIL B       97.5    Withdrawal
Issuer Not Cooperating
Goldfield Fragrances Pvt Ltd            Proposed LT Bk     CRISIL B       9.9     Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Goldfield Fragrances Pvt Ltd            Standby Line of    CRISIL B       7.6     Withdrawal
                                        Credit
Issuer Not Cooperating
Gurnam Singh and Co.                    CC                 CRISIL BB      65      Reaffirmed
Inland World Logistics Pvt Ltd          CC                 CRISIL BBB+    800     Reaffirmed
Inland World Logistics Pvt Ltd          LT Loan            CRISIL BBB+    151.8   Reaffirmed
Inland World Logistics Pvt Ltd          Proposed FB Bk     CRISIL BBB+    700     Reaffirmed
                                        Limits
Inland World Logistics Pvt Ltd          Proposed TL        CRISIL BBB+    78.2    Reaffirmed
Inox Wind Infrastructure Services Ltd   NCD                CRISIL AA(SO)  3000    Reaffirmed
Jatan Constructions Pvt Ltd             CC                 CRISIL BB      50      Withdrawal
Issuer Not Cooperating
Jindal Industries Pvt Ltd               CC##               CRISIL A       400     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed 
Jindal Industries Pvt Ltd               CC##               CRISIL A       550     Reaffirmed
##Fund-based to non-fund-based interchangeability allowed 
Jindal Industries Pvt Ltd               CC##               CRISIL A       50      Reaffirmed
##Fund-based to non-fund-based interchangeability allowed 
Jindal Industries Pvt Ltd               CC##               CRISIL A       50      Reaffirmed
##Fund-based to non-fund-based interchangeability allowed 
Jindal Industries Pvt Ltd               LOC & BG*#         CRISIL A       200     Reaffirmed
*Includes bank guarantee, letter of credit & letter of undertakings/#Non-fund-based to
fund-based interchangeability allowed
Jindal Industries Pvt Ltd               Proposed LT Bk     CRISIL A       500     Reaffirmed
                                        Loan Fac
Johnson Jewellers                       CC                 CRISIL B       200     Withdrawal    
                                                      
Issuer Not Cooperating
Karuna Management Services Ltd          CC                 CRISIL BBB+    1150    Reaffirmed
Karuna Management Services Ltd          Non-FBL            CRISIL BBB+    5       Reaffirmed
Karuna Management Services Ltd          Standby LOC        CRISIL BBB+    45      Reaffirmed
Lee Pharma Ltd                          CC                 CRISIL BBB-    470     Reaffirmed
Lee Pharma Ltd                          Proposed LT Bk     CRISIL BBB-    143.4   Reaffirmed
                                        Loan Fac
Lee Pharma Ltd                          Standby Line of    CRISIL BBB-    60      Reaffirmed
                                        Credit
Lee Pharma Ltd                          TL                 CRISIL BBB-    91.6    Reaffirmed
Mittapalli Agro Enterprises             CC                 CRISIL BB-     30      Migrated
Issuer Not Cooperating
Mittapalli Agro Exports                 CC                 CRISIL BB-     40      Migrated
Issuer Not Cooperating
Mittapalli Agro Exports                 Proposed LT Bk     CRISIL BB-     20      Migrated
                                        Loan Fac
Issuer Not Cooperating
Mittapalli Agro Products Pvt Ltd        Export Packing     CRISIL BB-     390     Migrated
                                        Credit
Issuer Not Cooperating
NEC Packaging Ltd                       CC                 CRISIL B       40      Withdrawal
Issuer Not Cooperating
Quantas Glass And Ceramic Pvt Ltd       CC                 CRISIL BBB-    50      Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       TL                 CRISIL BBB-    15      Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       Proposed LT Bk     CRISIL BBB-    12.8    Reaffirmed
                                        Loan Fac
R.K.Engineers Sales Ltd                 CC                 CRISIL BBB     30      Reaffirmed
Rakshit Drugs Pvt Ltd                   CC                 CRISIL BB+     100     Reaffirmed
Rakshit Drugs Pvt Ltd                   LT Loan            CRISIL BB+     25.3    Reaffirmed
Rakshit Drugs Pvt Ltd                   Proposed LT Bk     CRISIL BB+     25      Reaffirmed
                                        Loan Fac
Rakshit Drugs Pvt Ltd                   Proposed TL        CRISIL BB+     270     Reaffirmed
Rakshit Drugs Pvt Ltd                   WC TL              CRISIL BB+     24.7    Reaffirmed
Rakshit Pharmaceuticals Ltd             CC                 CRISIL BB+     100     Reaffirmed
Rakshit Pharmaceuticals Ltd             LT Loan            CRISIL BB+     22.6    Reaffirmed
Rakshit Pharmaceuticals Ltd             Proposed CC Limit  CRISIL BB+     20      Reaffirmed
Rakshit Pharmaceuticals Ltd             Proposed TL        CRISIL BB+     130     Reaffirmed
Rakshit Pharmaceuticals Ltd             Proposed LT Bk     CRISIL BB+     9.4     Reaffirmed
                                        Loan Fac
Rao Computer Consultants Pvt Ltd        LT Loan            CRISIL BB      180     Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
Royalcare Super Speciality Hospital Ltd CC                 CRISIL B+      97.5    Reaffirmed
                                                                                  and Withdrawal
RTM Real Estates                        LT Loan            CRISIL B+      90      Withdrawal
Issuer Not Cooperating
S. S. and Company - Gurgaon             CC/ Overdraft Fac  CRISIL BB      40      Reaffirmed
Issuer Not Cooperating
S. S. and Company - Gurgaon             LT Loan            CRISIL BB      140     Reaffirmed
Issuer Not Cooperating
S. S. and Company - Gurgaon             Proposed LT Bk     CRISIL BB      210     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Saisree Engineers Pvt Ltd               BG                 CRISIL D       50      Migrated
Issuer Not Cooperating
Saisree Engineers Pvt Ltd               CC                 CRISIL D       50      Migrated
Issuer Not Cooperating
Saisree Engineers Pvt Ltd               LT Loan            CRISIL D       50      Migrated
Issuer Not Cooperating
Salzer Magnet Wires Ltd                 CC                 CRISIL BB      120     $
Satvik Enterprises Ltd                  CC*                CRISIL BBB-    150     Reaffirmed
*Export packing credit and Cash credit are 100% interchangeable.
Satvik Enterprises Ltd                  Export Packing     CRISIL BBB-    110     Reaffirmed
                                        Credit*
*Export packing credit and Cash credit are 100% interchangeable.
Sharp Designers And Engineers India Pvt CC                 CRISIL BB      105     Assigned
Ltd
Shor Shot India Pvt Ltd                 CC                 CRISIL B       15      Reaffirmed
Shor Shot India Pvt Ltd                 Foreign Bill       CRISIL B       12      Reaffirmed
                                        Purchase
Shor Shot India Pvt Ltd                 Proposed LT Bk     CRISIL B       42      Withdrawal
                                        Loan Fac
Shree Shakti Ceramics - Mehsana         CC                 CRISIL BBB-    30      Reaffirmed
Shree Shakti Ceramics - Mehsana         Proposed LT Bk     CRISIL BBB-    18.5    Reaffirmed
                                        Loan Fac
Shree Shakti Ceramics - Mehsana         TL                 CRISIL BBB-    10      Assigned
Shreenath Ceramics Industries           CC                 CRISIL BBB-    120     Reaffirmed
Shreenath Ceramics Industries           Proposed LT Bk     CRISIL BBB-    16.5    Reaffirmed
                                        Loan Fac
Silvertones Speciality Textile Pvt Ltd  CC                 CRISIL BB-     190     Migrated
Issuer Not Cooperating
Silvertones Speciality Textile Pvt Ltd  TL                 CRISIL BB-     30      Migrated
Issuer Not Cooperating
Sivasakthi Exports                      LT Loan            CRISIL B+      17.5    Assigned
Sivasakthi Exports                      Export Packing     CRISIL B+      25      Assigned
                                        Credit
Sivasakthi Exports                      CC                 CRISIL B+      10      Assigned
Spire Cera-Frit Pvt Ltd                 CC                 CRISIL BBB-    85      Reaffirmed
Sri Kangeyaa Textiles Pvt Ltd           CC                 CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+     
                                                                            
Sri Kangeyaa Textiles Pvt Ltd           LT Loan            CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+
Sri Satya Sai Constructions             CC                 CRISIL B+      40      Migrated
Issuer Not Cooperating
Sri Satya Sai Constructions             Proposed LT Bk     CRISIL B+      5       Migrated
                                        Loan Fac
Issuer Not Cooperating
Stalwart Alloys India Pvt Ltd           CC                 CRISIL BB-     120     Upgraded from
                                                                                  CRISIL B+
Star Export                             Foreign Bill       CRISIL B       10      Migrated
                                        Discounting
Issuer Not Cooperating
Star Export                             Overdraft          CRISIL B       20      Migrated
Issuer Not Cooperating
Star Export                             Warehouse Receipts CRISIL B       20      Migrated
Issuer Not Cooperating
Stream Ceramic Pvt Ltd                  CC                 CRISIL B+      30      Migrated
Issuer Not Cooperating
Stream Ceramic Pvt Ltd                  TL                 CRISIL B+      60      Migrated
Issuer Not Cooperating
Sunrise Silichem Industries Pvt Ltd     CC                 CRISIL BBB-    150     Reaffirmed
Sunrise Silichem Industries Pvt Ltd     TL                 CRISIL BBB-    320     Reaffirmed
Surendra Infrastructure Pvt Ltd         CC                 CRISIL BB-     53      Migrated
Issuer Not Cooperating
Surendra Infrastructure Pvt Ltd         LT Loan            CRISIL BB-     4.3     Migrated
Issuer Not Cooperating
Surendra Infrastructure Pvt Ltd         Proposed FB Bk     CRISIL BB-     42.7    Migrated
                                        Limits
Issuer Not Cooperating
Textile Solutions                       CC                 CRISIL BB-     200     Assigned
Time Technoplast Ltd                    CC                 CRISIL A+      9.75    Reaffirmed
Time Technoplast Ltd                    CC                 CRISIL A+      34##    Reaffirmed
##Fully interchangeable with working capital demand loan, export finance and buyer's credit
Time Technoplast Ltd                    CC                 CRISIL A+      32***   Reaffirmed
***Fully interchangeable with Fund Based and Non Fund Based facilities
Time Technoplast Ltd                    CC                 CRISIL A+      65#     Reaffirmed
# Fully interchangeable with working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL A+      275###  Reaffirmed
###Fully interchangeable with letter of credit and working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL A+      40^     Reaffirmed
^ Includes sublimit of Rs.15 crore for working capital demand loan
Time Technoplast Ltd                    CC                 CRISIL A+      50!     Reaffirmed
!Interchangeable with Letter of Credit/Bank Guarantee upto Rs 25 crore
Time Technoplast Ltd                    LT Loan            CRISIL A+      3050    Reaffirmed
Time Technoplast Ltd                    Proposed TL        CRISIL A+      450     Reaffirmed
Vardhman Cables and Conductors          CC                 CRISIL B+      20      Withdrawal
Issuer Not Cooperating
Vasavi Estates                          CC                 CRISIL B+      100     Withdrawal
Issuer Not Cooperating
VHS Mechatronics Services ( P ) Ltd     BG                 CRISIL D       4       Reaffirmed
VHS Mechatronics Services ( P ) Ltd     CC                 CRISIL D       20      Reaffirmed
VHS Mechatronics Services ( P ) Ltd     LOC                CRISIL D       4       Reaffirmed
VHS Mechatronics Services ( P ) Ltd     Proposed LT Bk     CRISIL D       11.4    Reaffirmed
                                        Loan Fac
VHS Mechatronics Services ( P ) Ltd     TL                 CRISIL D       22.8    Assigned
Vijayneha Polymers Pvt Ltd              CC                 CRISIL BBB     340     Reaffirmed
Vijayneha Polymers Pvt Ltd              Channel Financing  CRISIL BBB     170     Reaffirmed
Vijayneha Polymers Pvt Ltd              LT Loan            CRISIL BBB     930     Reaffirmed
Viswaat Chemicals Ltd                   CC                 CRISIL BBB     465     Reaffirmed
Viswaat Chemicals Ltd                   Proposed LT Bk     CRISIL BBB     4.5     Reaffirmed
                                        Loan Fac
Viswaat Chemicals Ltd                   TL                 CRISIL BBB     460.5   Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      CC                 CRISIL BBB-    300     Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      Proposed LT Bk     CRISIL BBB-    9.7     Reaffirmed
                                        Loan Fac
Welsuit Glass and Ceramics Pvt Ltd      TL                 CRISIL BBB-    7       Reaffirmed
Zirconia Cera Tech Glazes               CC                 CRISIL BBB-    52.5    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)
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