Apr 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 5, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Aarkay Instruments Pvt Ltd BG CRISIL A4+ 30 Migrated from
CRISIL A4
Issuer Not Cooperating
Aarkay Instruments Pvt Ltd Inland/Import LOC CRISIL A4+ 20 Migrated from
CRISIL A4
Issuer Not Cooperating
Baba Construction BG CRISIL A4 31.5 Assigned
Beardsell Ltd CP CRISIL A1+ 10 Reaffirmed
Capital Business Systems Pvt Ltd BG CRISIL A3 100 Reaffirmed
Capital Business Systems Pvt Ltd ST Loan CRISIL A3 120 Reaffirmed
Capital Record Centre Pvt Ltd BG CRISIL A3 10 Reaffirmed
Chartered Speed Pvt Ltd BG CRISIL A2 340 Reaffirmed
Das and Sons Infracon Pvt Ltd BG CRISIL A4+ 30.1 Migrated from
CRISIL A4+
Issuer Not Cooperating
Diamond Nuts Foreign Bill CRISIL A4 30 Reaffirmed
Discounting
Gallantt Ispat Ltd BG CRISIL A3 60 CRISIL A3
Gallantt Ispat Ltd LOC CRISIL A3 400 CRISIL A3
Gallantt Ispat Ltd Proposed NFBL CRISIL A3 20 CRISIL A3
Gautam Technocast BG CRISIL A4+ 12 Reaffirmed
Gautam Technocast LOC CRISIL A4+ 20 Reaffirmed
Gujarat Fluorochemicals Ltd LOC & BG* CRISIL A1+ 3450 Reaffirmed
*Interchangeable with short-term debt to the extent of Rs 250 crore.
Gujarat Fluorochemicals Ltd ST Loan@# CRISIL A1+ 7900 Reaffirmed
#Interchangeable with letter of credit & bank guarantee to the extent of Rs 700 crore
@Interchangeable with overdraft facility to the extent of Rs 340 crore
Hamilton Housewares Pvt Ltd LOC CRISIL A1+ 1250 Reaffirmed
Hamilton Housewares Pvt Ltd Proposed LOC CRISIL A1+ 117.4 Reaffirmed
Home Credit India Finance Pvt Ltd Series A1 PTCs Provisional - -
CRISIL A1
Provisional Rating Assigned
Home Credit India Finance Pvt Ltd Series A2 PTCs Provisional - -
CRISIL A3
Provisional Rating Assigned
JRC KCVR Projects Proposed BG CRISIL A4+ 367.5 Assigned
Kaynes Technology India Pvt Ltd Overdraft CRISIL A3 50 Reaffirmed
Kaynes Technology India Pvt Ltd Packing Credit CRISIL A3 330 Reaffirmed
Kaynes Technology India Pvt Ltd ST Loan CRISIL A3 40 Reaffirmed
Minda Corporation Ltd LOC CRISIL A1 95 Reaffirmed
Minda Corporation Ltd Standby Line of CRISIL A1 606.1 Reaffirmed
Credit
Minda SAI Ltd LOC CRISIL A1 110 Reaffirmed
Motherson Sumi Systems Ltd Foreign Exchange CRISIL A1+ 50 Reaffirmed
Forward$**@
$**@ Foreign exchange forward has a notional value of Rs 250 crore
Motherson Sumi Systems Ltd LOC^*** CRISIL A1+ 500 Reaffirmed
^*** Interchangeable with Bank Guarantee
Motherson Sumi Systems Ltd LOC$* CRISIL A1+ 500 Reaffirmed
$* Interchangeable with Bank Guarantee, Forward Limit
Multifilms Plastics Pvt Ltd Non-FBL CRISIL A4+ 55 Assigned
Pashupati Capital Services Pvt Ltd BG CRISIL A3 2500 Reaffirmed
R.K.Engineers Sales Ltd BG CRISIL A3+ 720 Reaffirmed
Rajshekhar Constructions Pvt Ltd BG CRISIL A4 100 Reaffirmed
Reydel Automotive India Pvt Ltd LOC & BG CRISIL A2 20 -
Rating Watch with Positive Implications'
Riata Life Sciences Pvt Ltd LOC CRISIL A4+ 10 Reaffirmed
S.R.Chaddha Industries Ltd. BG CRISIL A3 1250 Reaffirmed
Sparkle Commercial Pvt Ltd Proposed LOC CRISIL A4+ 15 Assigned
Sparkle Commercial Pvt Ltd LOC CRISIL A4+ 60 Assigned
Sunrise Glass Industries Pvt Ltd LOC CRISIL A3 100 Assigned
Sunrise Glass Industries Pvt Ltd BG CRISIL A3 30 Assigned
Superking Glass and Ceramic Pvt Ltd LOC CRISIL A4+ 10 Reassigned
Tata Projects Ltd CP CRISIL A1+ 800 Reaffirmed
Aarkay Instruments Pvt Ltd CC CRISIL BB- 30 Migrated from
CRISIL B+
Issuer Not Cooperating
MEDIUM TERM RATINGS:
-------------------
Beardsell Ltd FD Programme FB+ 5 Reaffirmed
LONG TERM RATINGS:
-------------------
Ashok Auto Sales Ltd CC CRISIL BBB 300 Upgraded from
CRISIL BBB-
Ashok Auto Sales Ltd Channel Financing CRISIL BBB 1225 Upgraded from
CRISIL BBB-
Ashok Auto Sales Ltd Proposed FB Bk CRISIL BBB 325 Upgraded from
Limits CRISIL BBB-
Ashok Auto Sales Ltd Proposed Inventory CRISIL BBB 150 Upgraded from
Funding CRISIL BBB-
Baba Construction Proposed CC Limit CRISIL B 38.5 Assigned
Baba Construction Proposed BG CRISIL B 161.5 Assigned
Baba Construction CC CRISIL B 18.5 Assigned
Begorra Infrastructure and Developers CC CRISIL BB 180 Upgraded from
Pvt Ltd CRISIL B+
Candy Spirits Pvt Ltd CC CRISIL BBB 180 Reaffirmed
Capital Business Systems Pvt Ltd CC CRISIL BBB- 210 Reaffirmed
Capital Record Centre Pvt Ltd CC CRISIL BBB- 30 Reaffirmed
Capital Record Centre Pvt Ltd TL CRISIL BBB- 97 Reaffirmed
Casagrand Builder Pvt Ltd Proposed LT Bk CRISIL BBB- 1755 -
Loan Fac
Issuer Not Cooperating; Migrated from 'CRISIL BBB
Casagrand Builder Pvt Ltd TL CRISIL BBB- 495 -
Issuer Not Cooperating; Migrated from 'CRISIL BBB
Chartered Speed Pvt Ltd CC CRISIL BBB+ 140 Reaffirmed
Chartered Speed Pvt Ltd Drop Line CRISIL BBB+ 20 Reaffirmed
Overdraft Fac
Continental Automotive Components CC/ Overdraft Fac CRISIL BBB+ 1000 Reaffirmed
(India) Pvt Ltd
Continental Automotive Components Overdraft CRISIL BBB+ 500 Reaffirmed
(India) Pvt Ltd
Das and Sons Infracon Pvt Ltd LT Loan CRISIL BB- 1.7 Migrated from
CRISIL BB
Issuer Not Cooperating
Das and Sons Infracon Pvt Ltd Overdraft CRISIL BB- 60 Migrated from
CRISIL BB
Issuer Not Cooperating
Diamond Nuts CC CRISIL B+ 70 Reaffirmed
Diamond Nuts Packing Credit CRISIL B+ 80 Reaffirmed
Diamond Nuts Proposed LT Bk CRISIL B+ 120 Reaffirmed
Loan Fac
Essel Finance VKC Forex Ltd CC & WC demand loanCRISIL BBB 517.5 Assigned
Essel Finance VKC Forex Ltd Overdraft CRISIL BBB 190 Assigned
ETA Powergen Pvt Ltd LT Loan CRISIL D 188.8 Issuer Not
Cooperating;
ETA Powergen Pvt Ltd Proposed LT Bk CRISIL D 113.4 Issuer Not
Loan Fac Cooperating;
ETA Powergen Pvt Ltd WC TL CRISIL D 17.8 Issuer Not
Cooperating;
Eurokids International Pvt Ltd Overdraft CRISIL A- 200 Reaffirmed
Euroschool Properties and TL CRISIL A- 840 Reaffirmed
Infrastructure Pvt Ltd
Gagana Enterprises CC CRISIL B+ 25 Assigned
Gagana Enterprises Proposed LT Bk CRISIL B+ 5 Assigned
Loan Fac
Gallantt Ispat Ltd CC CRISIL BBB- 500 CRISIL
BBB-/Stable
Gallantt Ispat Ltd LT Loan CRISIL BBB- 300 CRISIL
BBB-/Stable
Gautam Technocast CC CRISIL BB+ 120 -
Outlook revised from 'Stable' and rating reaffirmed
Gautam Technocast Drop Line CRISIL BB+ 80 -
Overdraft Fac
Outlook revised from 'Stable' and rating reaffirmed
Gautam Technocast Proposed LT Bk CRISIL BB+ 36.5 -
Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Gujarat Fluorochemicals Ltd Proposed LT Bk - 5000 Withdrawal
Loan Fac
Gujarat Fluorochemicals Ltd Foreign Currency TLCRISIL AA 1687.5 Reaffirmed
Gujarat Fluorochemicals Ltd Proposed LT Bk CRISIL AA 1962.5 Reaffirmed
Loan Fac
Gulf Petrochem India Pvt Ltd Proposed LT Bk CRISIL A-(SO) 222.7 Reaffirmed
Loan Fac
Gulf Petrochem India Pvt Ltd TL CRISIL A-(SO) 2107.3 Reaffirmed
Hamilton Housewares Pvt Ltd CC CRISIL AA- 800 Reaffirmed
Hamilton Housewares Pvt Ltd Proposed LT Bk CRISIL AA- 316.1 Reaffirmed
Loan Fac
Hamilton Housewares Pvt Ltd Proposed TL CRISIL AA- 200 Reaffirmed
Hamilton Housewares Pvt Ltd TL CRISIL AA- 62.5 Reaffirmed
JRC KCVR Projects Drop Line CRISIL BB+ 122.5 Assigned
Overdraft Fac
JRC KCVR Projects Overdraft CRISIL BB+ 10 Assigned
Kaynes Technology India Pvt Ltd Bill Discounting CRISIL BBB- 120 -
Outlook revised from 'Stable' and rating reaffirmed
Kaynes Technology India Pvt Ltd CC CRISIL BBB- 260 -
Outlook revised from 'Stable' and rating reaffirmed
Kaynes Technology India Pvt Ltd LT Loan CRISIL BBB- 65.5 -
Outlook revised from 'Stable' and rating reaffirmed
Kaynes Technology India Pvt Ltd TL CRISIL BBB- 60.6 -
Outlook revised from 'Stable' and rating reaffirmed
Kaynes Technology India Pvt Ltd Proposed FB Bk CRISIL BBB- 288.9 -
Limits
Outlook revised from 'Stable' and rating reaffirmed
Kshatriya Constructions Overdraft CRISIL BB- 100 Assigned
Majestic Property Developers Pvt Ltd Proposed LT Bk CRISIL B+ 100 Assigned
Loan Fac
Minda Corporation Ltd CC CRISIL A 779 Reaffirmed
Minda Corporation Ltd External CRISIL A 260.9 Reaffirmed
Commercial
Borrowings
Minda Corporation Ltd TL CRISIL A 359 Reaffirmed
Minda Furukawa Electric Pvt Ltd Bill Discounting CRISIL BBB+ 75 Reaffirmed
Minda Furukawa Electric Pvt Ltd CC CRISIL BBB+ 60 Reaffirmed
Minda Furukawa Electric Pvt Ltd CC & WC demand loanCRISIL BBB+ 15 Reaffirmed
Minda SAI Ltd CC CRISIL A 645 Reaffirmed
Minda SAI Ltd FB Fac CRISIL A 270 Reaffirmed
Minda SAI Ltd TL CRISIL A 175 Reaffirmed
Minda VAST Access Systems Pvt Ltd CC CRISIL A- 250 Reaffirmed
Motherson Sumi Systems Ltd CC* CRISIL AA 3000 Reaffirmed
*Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Foreign
Bill Purchase
Motherson Sumi Systems Ltd CC** CRISIL AA 300 Reaffirmed
** Interchangeable with Working Capital Demand Loan, Export Packing Credit, Foreign Bill
Purchase, Foreign Bill Discounting
Motherson Sumi Systems Ltd CC*** CRISIL AA 400 Reaffirmed
*** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency,
Foreign Bill Discounting
Motherson Sumi Systems Ltd CC$ CRISIL AA 400 Reaffirmed
$ Interchangeable with Foreign Bill Discounting, Packing Credit in Foreign Currency
Motherson Sumi Systems Ltd CC& CRISIL AA 650 Reaffirmed
& Interchangeable with Working Capital Demand Loan, Usance Letter of Credit
Motherson Sumi Systems Ltd Overdraft^* CRISIL AA 450 Reaffirmed
^* Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency
Motherson Sumi Systems Ltd Overdraft^** CRISIL AA 800 Reaffirmed
^** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Export
Bill Discounting
Motherson Sumi Systems Ltd Proposed LT Bk CRISIL AA 100 Reaffirmed
Loan Fac
Multifilms Plastics Pvt Ltd FB Fac CRISIL BB+ 80 Assigned
Multifilms Plastics Pvt Ltd Proposed TL CRISIL BB+ 12.5 Assigned
Multifilms Plastics Pvt Ltd TL CRISIL BB+ 7.5 Assigned
Oriental Textiles Industries CC CRISIL D 80 Downgraded
from CRISIL B
Pashupati Capital Services Pvt Ltd Overdraft CRISIL BBB- 80 Assigned
R.K.Engineers Sales Ltd CC CRISIL BBB 30 Reaffirmed
Raja Udyog Pvt Ltd CC CRISIL BBB 583.5 Assigned
Raja Udyog Pvt Ltd TL CRISIL BBB 16.5 Assigned
Rajshekhar Constructions Pvt Ltd Drop Line CRISIL B+ 150 Reaffirmed
Overdraft Fac
Ravina Health Care Pvt Ltd TL CRISIL D 160 -
Downgraded from 'CRISIL B
Reydel Automotive India Pvt Ltd CC & WC demand loanCRISIL BBB+ 170 -
Rating Watch with Positive Implications'
Reydel Automotive India Pvt Ltd Rupee TL CRISIL BBB+ 380 -
Rating Watch with Positive Implications'
Riata Life Sciences Pvt Ltd CC CRISIL BB+ 10 Upgraded from
CRISIL BB
Riata Life Sciences Pvt Ltd Proposed LT Bk CRISIL BB+ 70 Upgraded from
Loan Fac CRISIL BB
Riata Life Sciences Pvt Ltd TL CRISIL BB+ 10 Upgraded from
CRISIL BB
S.R.Chaddha Industries Ltd. CC CRISIL BBB- 650 Reaffirmed
S.R.Chaddha Industries Ltd. Proposed LT Bk CRISIL BBB- 950 Reaffirmed
Loan Fac
SAN Automotive Industries Pvt Ltd CC CRISIL C 55 Downgraded
from CRISIL
BB-
SAN Automotive Industries Pvt Ltd LT Loan CRISIL C 38 Downgraded
from CRISIL
BB-
Sango Auto Forge Pvt Ltd CC Withdrawal 30 Issuer Not
Cooperating;
Sango Auto Forge Pvt Ltd TL Withdrawal 25.6 Issuer Not
Cooperating;
Seetharama Cotton Industries CC CRISIL B+ 60 Reaffirmed
Sparkle Commercial Pvt Ltd Proposed CC Limit CRISIL BB 5 Assigned
Sree Lakshmi Balaji Industries CC CRISIL B+ 40 Reaffirmed
Sri Venkateswara Boiled and Raw Rice CC CRISIL BB- 110 Assigned
Mill
Sunrise Glass Industries Pvt Ltd TL CRISIL BBB- 120 Assigned
Sunrise Glass Industries Pvt Ltd CC CRISIL BBB- 210 Assigned
Superking Glass and Ceramic Pvt Ltd CC CRISIL BB 50 Reaffirmed
Superking Glass and Ceramic Pvt Ltd TL CRISIL BB 40 Reaffirmed
Tata Capital Ltd CC & WC demand loanCRISIL AA+ 150 Reaffirmed
Tata Capital Ltd Proposed LT Bk CRISIL AA+ 100 Reaffirmed
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)