August 12, 2019 / 5:03 AM / 11 days ago

CRISIL ratings for Indian debt instruments-Aug 12

    Aug 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 9, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Best Knitting Mills Pvt Ltd             BG                 CRISIL A4+     7       Reaffirmed
Deens Constructions                     BG                 CRISIL A4+     50      Reaffirmed
Diasqua India Pvt Ltd                   Proposed ST Bk     CRISIL A4      245     Reaffirmed
                                        Loan Fac
Ecron Acunova Ltd                       BG                 CRISIL A4      25      Withdrawn
(Issuer Not Cooperating)
Enzal Chemicals India Ltd               BG                 CRISIL A4      1.5     Reaffirmed
Enzal Chemicals India Ltd               LOC                CRISIL A4      26      Reaffirmed
Gupta Enterprises - Eluru               BG                 CRISIL A4+     2.5     Assigned
Gupta Enterprises - Eluru               Foreign Bill       CRISIL A4+     100     Assigned
                                        Negotiation
Harinagar Sugar Mills Ltd               BG                 CRISIL A3+     87.1    -
Rating Reaffirmed and Withdrawn
Inox Wind Ltd                           BG                 CRISIL A2+     3150    Reaffirmed
Inox Wind Ltd                           LOC                CRISIL A2+     10450   Reaffirmed
Inox Wind Ltd                           CP                 CRISIL A2+     2000    -
Jaya Industries                         BG                 CRISIL A4      60      Reaffirmed
Jindal Poly Films Ltd                   Proposed NFBL^^    CRISIL A1      3150    Reaffirmed
^^Fully interchangeability with Fund based limits
Jindal Poly Films Ltd                   CP                 CRISIL A1      600     Reaffirmed
L&T Valves Ltd                          Non-FBL            CRISIL A1+     7500    Reaffirmed
Multichem Specialities Pvt Ltd          LOC                CRISIL A4+     317.5   -
Rating Reaffirmed and Withdrawn 
North East Nutrients Pvt Ltd            BG                 CRISIL A1+     200     Reaffirmed
Pandrol Rahee Technologies Pvt Ltd      BG                 CRISIL A4+     240     Reaffirmed
Parishi Diamond - Surat                 Post Shipment      CRISIL A3      852.5   Migrated from
                                        Credit                                    CRISIL A4+
(Issuer Not Cooperating)
Parishi Diamond - Surat                 Pre Shipment CreditCRISIL A3      60      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
R. K. Patil - Panvel                    BG                 CRISIL A4+     2.5     Reaffirmed
Ramkamal Chemicals Pvt Ltd              LOC                CRISIL A4      20      Reaffirmed
Ratan Iron Company                      Overdraft          CRISIL A4+     40      Assigned
Shri Santhosh Meenakshi Textiles Pvt LtdBG                 CRISIL A3      20      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Shri Santhosh Meenakshi Textiles Pvt LtdLOC                CRISIL A3      20      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Shri Santhosh Meenakshi Textiles Pvt LtdPacking Credit in  CRISIL A3      100     Migrated from
                                        Foreign Currency                          CRISIL A3+
(Issuer Not Cooperating)
Sree Santhosh Garments                  BG                 CRISIL A3      2       Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Sree Santhosh Garments                  Foreign            CRISIL A3      50      Migrated from
                                        Discounting Bill                          CRISIL A3+
                                        Purchase
(Issuer Not Cooperating)
Sree Santhosh Garments                  Packing Credit     CRISIL A3      50      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Suddpram Auto Engineering Company Pvt   BG                 CRISIL A4+     10      Assigned
Ltd
Tandi                                   BG                 CRISIL A4+     1       Assigned
Vidyasagar Himghar Pvt Ltd              BG                 CRISIL A4      4       Reaffirmed
Worldwide Oilfield Machine Pvt Ltd      Proposed ST Bk     CRISIL A4+     150     Reaffirmed
                                        Loan Fac

MEDIUM TERM RATINGS:
-------------------
ICICI Home Finance Co. Ltd              FD                 FAAA           35000   Reaffirmed


LONG TERM RATINGS:
-------------------
Aeroflex Industries Ltd                 CC                 CRISIL BB-     100     Assigned
(Suspension Revoked)
Aeroflex Industries Ltd                 TL                 CRISIL BB-     450     Assigned
(Suspension Revoked)
Aruabhishek Realtors Pvt Ltd            Lease Rental       CRISIL BBB-    250     Reaffirmed
                                        Discounting Loan
Basant Overseas                         Rating Advisory    --             -       --
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Best Knitting Mills Pvt Ltd             CC                 CRISIL BB+     355.8   Reaffirmed
(Outlook revised from Positive)
Best Knitting Mills Pvt Ltd             Proposed WC Fac    CRISIL BB+     39      Reaffirmed
(Outlook revised from Positive)
Best Knitting Mills Pvt Ltd             TL                 CRISIL BB+     193.2   Reaffirmed
(Outlook revised from Positive)
Deens Constructions                     CC                 CRISIL BB      120     Reaffirmed
Deens Constructions                     TL                 CRISIL BB      20      Reaffirmed
Diasqua India Pvt Ltd                   Proposed LT Bk     CRISIL B+      75      Reaffirmed
                                        Loan Fac
Disha Auto Components Pvt Ltd           CC                 CRISIL B+      30      Withdrawn
(Migrated from 'CRISIL B+,(Issuer Not Cooperating))
Disha Auto Components Pvt Ltd           Proposed TL        CRISIL B+      15      Withdrawn
(Migrated from 'CRISIL B+,(Issuer Not Cooperating))
Disha Auto Components Pvt Ltd           TL                 CRISIL B+      15      Withdrawn
(Migrated from 'CRISIL B+,(Issuer Not Cooperating))

Ecron Acunova Ltd                       CC                 CRISIL B+      100     Withdrawn
(Issuer Not Cooperating)
Ecron Acunova Ltd                       Letter of Comfort  CRISIL B+      352.1   Withdrawn
(Issuer Not Cooperating)
Ecron Acunova Ltd                       Proposed LT Bk     CRISIL B+      7.9     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Ecron Acunova Ltd                       Rupee TL           CRISIL B+      50      Withdrawn
(Issuer Not Cooperating)
Enzal Chemicals India Ltd               CC                 CRISIL B+      80      Reaffirmed
Enzal Chemicals India Ltd               Proposed LT Bk     CRISIL B+      12.5    Reaffirmed
                                        Loan Fac
Ess Kay Fincorp Ltd                     Proposed LT Bk     CRISIL A       4850    Reaffirmed
                                        Loan Fac
Ess Kay Fincorp Ltd                     TL                 CRISIL A       1150    Reaffirmed
Ess Kay Fincorp Ltd                     Proposed LT Bk     CRISIL A       4850    Reaffirmed
                                        Loan Fac
Ess Kay Fincorp Ltd                     TL                 CRISIL A       1150    Reaffirmed
Ess Kay Fincorp Ltd                     NCD                CRISIL A       1000    Assigned
Ess Kay Fincorp Ltd                     NCD                CRISIL A       1500    Reaffirmed
Ess Kay Fincorp Ltd                     NCD                CRISIL A       3000    Reaffirmed
Ess Kay Fincorp Ltd                     NCD                CRISIL A       1000    Reaffirmed
Ess Kay Fincorp Ltd                     NCD                CRISIL A       1500    Reaffirmed
Ess Kay Fincorp Ltd                     NCD                CRISIL A       3000    Reaffirmed
Ess Kay Fincorp Ltd                     LT Principal       CRISIL PP-MLD  500     Reaffirmed
                                        Protected Market   Ar
                                        Linked Debentures
Ess Kay Fincorp Ltd                     LT Principal       CRISIL PP-MLD  500     Reaffirmed
                                        Protected Market   Ar
                                        Linked Debentures
F.Robin Polymers Pvt Ltd                CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL B
F.Robin Polymers Pvt Ltd                LT Loan            CRISIL D       110     Downgraded
                                                                                  from CRISIL B
F.Robin Polymers Pvt Ltd                Proposed ST Bk     CRISIL D       50      Downgraded
                                        Loan Fac                                  from CRISIL A4
G3 Motors Ltd                           CC                 CRISIL D       120     Downgraded
                                                                                  from CRISIL BB
G3 Motors Ltd                           LOC                CRISIL D       200     Downgraded
                                                                                  from CRISIL BB
G3 Motors Ltd                           Proposed WC Fac    CRISIL D       180     Downgraded
                                                                                  from CRISIL BB
Genesis Finance Co. Ltd                 Overdraft          CRISIL BB+     100     Withdrawn
Genesis Finance Co. Ltd                 TL                 CRISIL BB+     250     Withdrawn
Great Eastern Energy Corporation Ltd    Corporate Loan     CRISIL BBB     1268.1  Reaffirmed
(Outlook revised from Stable)
Great Eastern Energy Corporation Ltd    External           CRISIL BBB     1541.8  Reaffirmed
                                        Commercial
                                        Borrowings
(Outlook revised from Stable)
Great Eastern Energy Corporation Ltd    LT Loan            CRISIL BBB     364.8   Reaffirmed
(Outlook revised from Stable)
Great Eastern Energy Corporation Ltd    Proposed LT Bk     CRISIL BBB     867.5   Withdrawn
                                        Loan Fac
Great Eastern Energy Corporation Ltd    Rupee TL           CRISIL BBB     1680.9  Reaffirmed
(Outlook revised from Stable)
Great Eastern Energy Corporation Ltd    NCD                CRISIL BBB     780     Reaffirmed
(Outlook revised from Stable)
GRR Ginning Mills Pvt Ltd               TL                 CRISIL B       37.5    Assigned
GRR Ginning Mills Pvt Ltd               CC/ Overdraft Fac  CRISIL B       50      Assigned
GRR Ginning Mills Pvt Ltd               Proposed LT Bk     CRISIL B       35.5    Assigned
                                        Loan Fac
Gupta Enterprises - Eluru               Packing Credit     CRISIL BB      295     Assigned
Gupta Hair Products Pvt Ltd             Packing Credit     CRISIL BB      120     Assigned
                                        (pre-shipment
                                        credit)
Harinagar Sugar Mills Ltd               CC                 CRISIL BBB     2600    -
Rating Reaffirmed and Withdrawn
Harinagar Sugar Mills Ltd               Proposed LT Bk     CRISIL BBB     85.2    -
                                        Loan Fac
Rating Reaffirmed and Withdrawn
ICICI Home Finance Co. Ltd              NCD                CRISIL AAA     15000   Reaffirmed
ICICI Home Finance Co. Ltd              LT Principal       CRISIL PP-MLD  3000    Assigned
                                        Protected Market   AAAr
                                        Linked Debentures
ICICI Home Finance Co. Ltd              LT Principal       CRISIL PP-MLD  3000    Reaffirmed
                                        Protected Market   AAAr
                                        Linked Debentures
Inox Wind Ltd                           LT Loan            CRISIL A-      1308.2  Reaffirmed
Inox Wind Ltd                           Proposed LT Bk     CRISIL A-      11804.8 Reaffirmed
                                        Loan Fac
Inox Wind Ltd                           CC**               CRISIL A-      650     Reaffirmed
**Rs.100 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC*                CRISIL A-      387     -
*Rs.38.70 Crore is interchangeable with Letter of credit
Inox Wind Ltd                           CC                 CRISIL A-      550     -
Inox Wind Ltd                           CC***              CRISIL A-      500     -
***Rs.50 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC#                CRISIL A-      200     -
#Rs.20 Crore is  interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC##               CRISIL A-      750     -
##Rs.75 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC###              CRISIL A-      150     -
###Rs.15 Crore is interchangeable with Letter of credit
Inox Wind Ltd                           CC                 CRISIL A-      100     -
Islamic Council For Productive EducationRating Advisory    --             -       --
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jaya Industries                         CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL B+
Jindal Poly Films Ltd                   LT Loan            CRISIL A+      1150    Reaffirmed
(Outlook revised from Stable)
Jindal Poly Films Ltd                   Rupee TL           CRISIL A+      1330    Reaffirmed
(Outlook revised from Stable)
Jindal Poly Films Ltd                   Proposed FB Bk     CRISIL A+      2500    Reaffirmed
                                        Limits^
(Outlook revised from Stable),^Fully interchangeability with Non Fund based limits
Jindal Poly Films Ltd                   WC Fac**           CRISIL A+      350     Reaffirmed
L&T Valves Ltd                          FB Fac             CRISIL AA      900     Downgraded
                                                                                  from CRISIL
                                                                                  AA+
Magma Fincorp Ltd                       MFL Securitisation CRISIL AAA(SO) 576.6   -
                                        Trust LXXIX,Series
                                        A1 PTCs
Converted from provisional rating to final rating
Magma Fincorp Ltd                       MFL Securitisation CRISIL AAA(SO) 29.6    -
                                        Trust LXXIX,Series
                                        A2 PTCs
Converted from provisional rating to final rating
Magma Fincorp Ltd                       MFL Securitisation CRISIL BBB     35.5    -
                                        Trust LXXIX,Second (SO) Equivalent
                                        loss Fac
Converted from provisional rating to final rating
Multichem Specialities Pvt Ltd          CC                 CRISIL BB-     2.5     -
Rating Reaffirmed and Withdrawn 
Nexo Industries Pvt Ltd                 Rating Advisory    --             -       --
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
North East Nutrients Pvt Ltd            LT Loan            CRISIL A+      730     Reaffirmed
Pandrol Rahee Technologies Pvt Ltd      CC                 CRISIL BB+     50      Reaffirmed
Parishi Diamond - Surat                 Export Packing     CRISIL BBB-    477.5   Migrated from
                                        Credit                                    CRISIL BB+
(Issuer Not Cooperating)
Polmon Instruments Pvt Ltd              CC                 CRISIL BB+     70      Reaffirmed
Polmon Instruments Pvt Ltd              Proposed LT Bk     CRISIL BB+     30      Reaffirmed
                                        Loan Fac
R. K. Patil - Panvel                    CC                 CRISIL BB-     106.5   Reaffirmed
R. K. Patil - Panvel                    LT Loan            CRISIL BB-     43.5    Reaffirmed
R. K. Patil - Panvel                    Proposed CC Limit  CRISIL BB-     97.5    Reaffirmed
Ramade Memorial Medicare And Research   LT Loan            CRISIL B       120     Migrated from
Institute LLP                                                                     CRISIL B
(Issuer Not Cooperating)
Ramade Memorial Medicare And Research   Proposed WC Fac    CRISIL B       10      Migrated from
Institute LLP                                                                     CRISIL B
(Issuer Not Cooperating)
Ramkamal Chemicals Pvt Ltd              CC                 CRISIL B+      70      Reaffirmed
Ratan Iron Company                      Proposed LT Bk     CRISIL BB-     60      Assigned
                                        Loan Fac
S.P.Mani and Mohan Dairy                Proposed LT Bk     CRISIL BB+     87.1    Withdrawn
                                        Loan Fac
Migrated from CRISIL BB+ ,(Issuer Not Cooperating)
S.P.Mani and Mohan Dairy                TL                 CRISIL BB+     60.4    Withdrawn
Migrated from CRISIL BB+ ,(Issuer Not Cooperating)
Satin Creditcare Network Ltd            Vivriti Heimdall   CRISIL A+ (SO) 4.5     -
                                        03 2019 Series A2
                                        PTCs
Converted from provisional rating to final rating
Satin Creditcare Network Ltd            Vivriti Heimdall   CRISIL AA- (SO)400     -
                                        03 2019 Series A1
                                        PTCs
Converted from provisional rating to final rating
Seshaasai Business Forms Pvt Ltd        Rating Advisory    --             -       --
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shri Santhosh Meenakshi Textiles Pvt LtdBill Discounting   CRISIL BBB-    50      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Shri Santhosh Meenakshi Textiles Pvt LtdLT Loan            CRISIL BBB-    219.5   Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Shri Santhosh Meenakshi Textiles Pvt LtdTL                 CRISIL BBB-    180     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Shubham Propmart Pvt Ltd                CC                 CRISIL B+      4       Assigned
Shubham Propmart Pvt Ltd                TL                 CRISIL B+      131     Assigned
Sree Santhosh Garments                  Foreign Currency TLCRISIL BBB-    58      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sree Santhosh Garments                  LT Loan            CRISIL BBB-    40      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sri Akilaa Spinning Mills Pvt Ltd       CC                 CRISIL BB-     95      Withdrawn
Suddpram Auto Engineering Company Pvt   CC                 CRISIL BB      140     Assigned
Ltd
Supreme Audiotek Pvt Ltd                Proposed LT Bk     CRISIL BB-     80      Withdrawn
                                        Loan Fac
Suresh Textiles - Palladam              CC                 CRISIL BB-     80      Withdrawn
Tandi                                   Packing Credit     CRISIL BB      40      Assigned
Tandi                                   Bill Discounting   CRISIL BB      20      Assigned
Terai Ispat & Trading Pvt. Ltd.         CC                 CRISIL BB-     700     Reaffirmed
Vidyasagar Himghar Pvt Ltd              CC                 CRISIL B+      140     Reaffirmed
Vidyasagar Himghar Pvt Ltd              Proposed LT Bk     CRISIL B+      17      Reaffirmed
                                        Loan Fac
Vidyasagar Himghar Pvt Ltd              TL                 CRISIL B+      14      Reaffirmed
Vidyasagar Himghar Pvt Ltd              WC Fac             CRISIL B+      15      Assigned
Winsun Ceramic Pvt Ltd                  Rating Advisory    --             -       --
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
-------------------------------------------------------------------------------------------
$: 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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