August 14, 2019 / 6:41 AM / 8 days ago

CRISIL ratings for Indian debt instruments-Aug 14

    Aug 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 13, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Allied Engineering Works Pvt Ltd        BG                 CRISIL A3      300     Upgraded from
                                                                                  CRISIL A4+
Allied Engineering Works Pvt Ltd        LOC                CRISIL A3      60      Upgraded from
                                                                                  CRISIL A4+
B.L. International Pvt Ltd              Export Packing     CRISIL A4      200     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/
                                        Foreign Bill discounting
B.L. International Pvt Ltd              LOC                CRISIL A4      50      Reaffirmed
Birla TMT Holdings Pvt Ltd              CP                 CRISIL A1+     6000    Withdrawn
Consolidated Coin Company Pvt Ltd       BG                 CRISIL A2+     1700    Assigned
(Suspension Revoked)
DCM Ltd                                 LOC & BG           CRISIL A4+     132.5   Reaffirmed
(Continues on Rating Watch with Negative Implications)
DCM Ltd                                 Overdraft          CRISIL A4+     90      Reaffirmed
(Continues on Rating Watch with Negative Implications)
Devbhoomi Constructions Pvt Ltd         BG                 CRISIL A4+     15      Reaffirmed
Emperial Films LLP                      BG                 CRISIL A4+     17.5    Upgraded from
                                                                                  CRISIL A4
Fiza Exports                            Packing Credit in  CRISIL A3+     140     -
                                        Foreign Currency
Downgraded from CRISIL A3+, and Withdrawn
Franciskottackal Exim Pvt Ltd           BG                 CRISIL A4      4       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Fullerton India Home Finance Co. Ltd    CP                 CRISIL A1+     5000    Assigned
Fuso Glass India Pvt Ltd                LOC                CRISIL A4+     30      -
(Rating Reaffirmed and Withdrawn)
GSH India Pvt Ltd                       BG                 CRISIL A4+     3.5     Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Kataria Carriers                        BG                 CRISIL A3+     80      Upgraded from
                                                                                  CRISIL A3
Lakshmi Ceramics                        BG                 CRISIL A3      8       Reaffirmed
Larsen and Toubro Ltd                   CP                 CRISIL A1+     100000  Reaffirmed
Mahaveer Infraengineering Pvt Ltd       BG                 CRISIL A4      35      Reaffirmed
Mehrotra Buildcon Pvt Ltd               BG                 CRISIL A2      1220    Upgraded from
                                                                                  CRISIL A3+
Mittapalli Agro Enterprises             Packing Credit     CRISIL A4+     70      Reaffirmed
Mittapalli Agro Exports                 Packing Credit     CRISIL A4+     110     Reaffirmed
Mittapally Agro Products Pvt Ltd        BG                 CRISIL A4+     5       Reaffirmed
Mittapally Agro Products Pvt Ltd        Foreign Exchange   CRISIL A4+     5       Reaffirmed
                                        Forward
Mycon Construction Ltd                  BG                 CRISIL A4      580     Upgraded from
                                                                                  CRISIL D
Narnarayan Infrastructure Pvt Ltd       BG                 CRISIL A4+     110     Reaffirmed
R. N. Dobariya                          BG                 CRISIL A2      1290    Reaffirmed
Radhika Exports                         Bill Pur-Dis Fac   CRISIL A4+     55      Reaffirmed
Radhika Exports                         Packing Credit in  CRISIL A4+     155     Reaffirmed
                                        Foreign Currency
Rajan Overseas Inc.                     Packing Credit     CRISIL A4+     116     Reaffirmed
Raka Oil Company                        BG                 CRISIL A4+     50      Reaffirmed
S. N. Cashews                           Export Packing     CRISIL A4+     54.5    Reaffirmed
                                        Credit
S. N. Cashews                           Overdraft          CRISIL A4+     20      Reaffirmed
S. N. Cashews                           Proposed ST Bk     CRISIL A4+     40      Reaffirmed
                                        Loan Fac
Small Johnson Floor Tiles Pvt Ltd       BG                 CRISIL A4+     15      Downgraded
                                                                                  from CRISIL A3
Sreeja Hosieries Pvt Ltd                BG                 CRISIL A3+     1       Reaffirmed
Sreeja Hosieries Pvt Ltd                Export Packing     CRISIL A3+     80      Reaffirmed
                                        Credit
Sreeja Hosieries Pvt Ltd                Foreign Bill       CRISIL A3+     55      Reaffirmed
                                        Negotiation
Sreeja Hosieries Pvt Ltd                LOC                CRISIL A3+     50      Reaffirmed
Sreeja Hosieries Pvt Ltd                Standby Line of    CRISIL A3+     15      Reaffirmed
                                        Credit
V.N.Dyers and Processors Pvt Ltd        BG                 CRISIL A3      10      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Varsha Fresh Meat Products Pvt Ltd      Pre Shipment CreditCRISIL A3+     180     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Verga Attachments Pvt Ltd               LOC                CRISIL A3      110     Reaffirmed
Verga Attachments Pvt Ltd               Packing Credit     CRISIL A3      60      Reaffirmed
Well Knit Industries                    BG                 CRISIL A3+     1       Reaffirmed
Well Knit Industries                    Export Packing     CRISIL A3+     65      Reaffirmed
                                        Credit
Well Knit Industries                    Foreign Bill       CRISIL A3+     25      Reaffirmed
                                        Discounting
Well Knit Industries                    LOC                CRISIL A3+     30      Reaffirmed
Well Knit Industries                    Standby Line of    CRISIL A3+     10      Reaffirmed
                                        Credit

MEDIUM TERM RATINGS:
-------------------
Larsen and Toubro Ltd                   FD Programme       FAAA           -       Reaffirmed


LONG TERM RATINGS:
-------------------
A G Fats Pvt Ltd                        CC                 CRISIL BB+     400     Reaffirmed

A G Fats Pvt Ltd                        LT Loan            CRISIL BB+     10      Reaffirmed
A G Fats Pvt Ltd                        Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
A G Fats Pvt Ltd                        TL                 CRISIL BB+     20      Reaffirmed
Allied Engineering Works Pvt Ltd        CC                 CRISIL BBB-    90      Upgraded from
                                                                                  CRISIL BB+
Allied Engineering Works Pvt Ltd        TL                 CRISIL BBB-    50      Upgraded from
                                                                                  CRISIL BB+
Andru Minerals                          CC                 CRISIL BBB     400     Reaffirmed
B.L. International Pvt Ltd              Loan Against       CRISIL B+      70      Reaffirmed
                                        Property
B.L. International Pvt Ltd              Overdraft          CRISIL B+      50      Reaffirmed
B.L. International Pvt Ltd              Proposed FB Bk     CRISIL B+      410     Reaffirmed
                                        Limits
B.L. International Pvt Ltd              TL                 CRISIL B+      120     Reaffirmed
Bharath Electronics & Appliances        CC                 CRISIL BB+     80      Reaffirmed
Bharath Electronics & Appliances        LT Loan            CRISIL BB+     15      Reaffirmed
Bharath Electronics & Appliances        Proposed WC Fac    CRISIL BB+     5       Reaffirmed
Bholenath Rice Mill                     CC                 CRISIL BB-     41      Reaffirmed
Bholenath Rice Mill                     TL                 CRISIL BB-     5       Reaffirmed
Bholenath Rice Mill                     Warehouse FinancingCRISIL BB-     30      Reaffirmed
C R Commtrade Pvt Ltd                   CC                 CRISIL BB-     100     Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
C R Commtrade Pvt Ltd                   Export Packing     CRISIL BB-     100     Migrated from
                                        Credit                                    CRISIL BB
(Issuer Not Cooperating)
C. K. Velu                              Overdraft          CRISIL B+      50      Reaffirmed
Cibela Ceramic Pvt Ltd                  CC                 CRISIL BB-     32.5    Reaffirmed
Cibela Ceramic Pvt Ltd                  LT Loan            CRISIL BB-     100     Reaffirmed
Cibela Ceramic Pvt Ltd                  Proposed LT Bk     CRISIL BB-     0.5     Reaffirmed
                                        Loan Fac
Consolidated Coin Company Pvt Ltd       CC                 CRISIL A-      50      Assigned
(Suspension Revoked)
Consolidated Coin Company Pvt Ltd       Foreign LOC        CRISIL A-      850     Assigned
(Suspension Revoked)
DCM Ltd                                 Bill Discounting   CRISIL BB+     150     Reaffirmed
(Continues on Rating Watch with Negative Implications)
DCM Ltd                                 CC                 CRISIL BB+     1900    Reaffirmed
(Continues on Rating Watch with Negative Implications)
DCM Ltd                                 LT Loan            CRISIL BB+     1005.1  Reaffirmed
(Continues on Rating Watch with Negative Implications)
DCM Ltd                                 Proposed LT Bk     CRISIL BB+     481.2   Reaffirmed
                                        Loan Fac
(Continues on Rating Watch with Negative Implications)
Devbhoomi Constructions Pvt Ltd         CC                 CRISIL BB      37.5    Reaffirmed
Devbhoomi Constructions Pvt Ltd         Proposed LT Bk     CRISIL BB      7.5     Reaffirmed
                                        Loan Fac
Emperial Films LLP                      CC                 CRISIL BB-     55      Upgraded from
                                                                                  CRISIL B+
Emperial Films LLP                      TL                 CRISIL BB-     225     Upgraded from
                                                                                  CRISIL B+
Franciskottackal Exim Pvt Ltd           CC                 CRISIL B+      35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Franciskottackal Exim Pvt Ltd           LT Loan            CRISIL B+      21      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Fullerton India Home Finance Co. Ltd    Proposed LT Bk     CRISIL AAA     20000   Assigned
                                        Loan Fac
Fullerton India Home Finance Co. Ltd    NCD                CRISIL AAA     15000   Assigned
Fullerton India Home Finance Co. Ltd    Subordinated Debt  CRISIL AAA     5000    Assigned
Fuso Glass India Pvt Ltd                CC                 CRISIL BB+     330     -
(Rating Reaffirmed and Withdrawn)
Fuso Glass India Pvt Ltd                LT Loan            CRISIL BB+     135     -
(Rating Reaffirmed and Withdrawn)
GSH India Pvt Ltd                       CC                 CRISIL BB-     54.5    Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
GSH India Pvt Ltd                       TL                 CRISIL BB-     12      Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Jannat Fabrics And Apparels Pvt Ltd     CC                 CRISIL BB+     100     Reaffirmed
K.P.R. Agros Poultries Pvt Ltd          CC                 CRISIL BB-     130     Reaffirmed
Kataria Carriers                        CC                 CRISIL BBB     50      Upgraded from
                                                                                  CRISIL BBB-
Kataria Carriers                        Proposed LT Bk     CRISIL BBB     125     Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Kataria Carriers                        TL                 CRISIL BBB     95      Upgraded from
                                                                                  CRISIL BBB-
Kohinoor Carpets                        Bill Discounting   CRISIL B+      140     Assigned
(Suspension Revoked)
Kohinoor Carpets                        CC                 CRISIL B+      10      Assigned
(Suspension Revoked)
Lakshmi Ceramics                        CC                 CRISIL BBB-    100     Reaffirmed
Lakshmi Ceramics                        LT Loan            CRISIL BBB-    270     Reaffirmed
Lakshmi Ceramics                        Proposed WC Fac    CRISIL BBB-    4.5     Reaffirmed
Larsen and Toubro Ltd                   FB Fac             CRISIL AAA     100000  Reaffirmed
Larsen and Toubro Ltd                   WC Fac             CRISIL AAA     850000  Reaffirmed
Larsen and Toubro Ltd                   NCD                CRISIL AAA     14000   Assigned
Larsen and Toubro Ltd                   NCDs               CRISIL AAA     55500   Reaffirmed
Larsen and Toubro Ltd                   Inflation-linked   CRISIL AAA     1000    Reaffirmed
                                        Capital-Indexed NCD
Mahaveer Infraengineering Pvt Ltd       CC                 CRISIL B-      100     Reaffirmed
Mahaveer Infraengineering Pvt Ltd       Proposed LT Bk     CRISIL B-      65      Reaffirmed
                                        Loan Fac
Meenakshi Industries                    CC                 CRISIL B-      40      Migrated from
                                                                                  CRISIL B-
(Issuer Not Cooperating)
Meenakshi Industries                    Proposed LT Bk     CRISIL B-      14      Migrated from
                                        Loan Fac                                  CRISIL B-
(Issuer Not Cooperating)
Meenakshi Industries                    TL                 CRISIL B-      20.2    Migrated from
                                                                                  CRISIL B-
(Issuer Not Cooperating)
Mehrotra Buildcon Pvt Ltd               CC                 CRISIL BBB+    280     Upgraded from
                                                                                  CRISIL BBB
Mittapalli Agro Enterprises             CC                 CRISIL BB-     30      Reaffirmed
Mittapalli Agro Enterprises             Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan Fac
Mittapalli Agro Exports                 CC                 CRISIL BB-     40      Reaffirmed
Mittapalli Agro Exports                 Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
Mittapally Agro Products Pvt Ltd        Export Packing     CRISIL BB-     390     Reaffirmed
                                        Credit
Mycon Construction Ltd                  Overdraft          CRISIL B-      100     Upgraded from
                                                                                  CRISIL D
Mycon Construction Ltd                  Proposed LT Bk     CRISIL B-      20      Upgraded from
                                        Loan Fac                                  CRISIL D
Narnarayan Infrastructure Pvt Ltd       CC                 CRISIL BB+     55      Upgraded from
                                                                                  CRISIL BB
Narnarayan Infrastructure Pvt Ltd       TL                 CRISIL BB+     20      Upgraded from
                                                                                  CRISIL BB
Naturagreen Food Products Pvt Ltd       CC                 CRISIL BB-     70      Reaffirmed
Naturagreen Food Products Pvt Ltd       Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
Naturagreen Food Products Pvt Ltd       Proposed WC Fac    CRISIL BB-     30      Reaffirmed
Neil Computech Pvt Ltd                  Proposed LT Bk     CRISIL BB+     150     Migrated from
                                        Loan Fac                                  CRISIL BB+
(Issuer Not Cooperating)
Nokha Agrotech Pvt Ltd                  CC                 CRISIL BB-     50      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Nokha Agrotech Pvt Ltd                  TL                 CRISIL BB-     140     Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Nokha Cold Store Pvt Ltd                CC                 CRISIL BB-     150     Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Nokha Timber Store                      CC                 CRISIL BB-     110     -
Migrated from CRISIL BB , and Withdrawn (Issuer Not Cooperating),
Pragathi Hatcheries                     CC                 CRISIL D       75      Downgraded
                                                                                  from CRISIL B+
Pragathi Hatcheries                     TL                 CRISIL D       55      Downgraded
                                                                                  from CRISIL B+
Prime Customer Services Ltd             CC                 CRISIL BB+     26.5    Assigned
Prime Customer Services Ltd             Proposed LT Bk     CRISIL BB+     53.5    Assigned
                                        Loan Fac
R. N. Dobariya                          Overdraft          CRISIL BBB+    50      Reaffirmed
R.J. Chatha Rice Mills                  CC                 CRISIL B+      70      Reaffirmed
R.J. Chatha Rice Mills                  Export Packing     CRISIL B+      150     Reaffirmed
                                        Credit
R.J. Chatha Rice Mills                  Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
R.J. Chatha Rice Mills                  Warehouse Receipts CRISIL B+      80      Reaffirmed
Raj Agencies - Pune                     CC                 CRISIL BB+     100     Reaffirmed
(Outlook revised from Positive)
Rajan Overseas Inc.                     Proposed LT Bk     CRISIL BB+     4       Reaffirmed
                                        Loan Fac
Raka Oil Company                        CC                 CRISIL BB      45      Reaffirmed
Raka Oil Company                        Proposed WC Fac    CRISIL BB      35      Reaffirmed
RSL Distilleries (P) Ltd                CC                 CRISIL D       100     Downgraded
                                                                                  from CRISIL B-
RSL Distilleries (P) Ltd                Rupee TL           CRISIL D       733     Downgraded
                                                                                  from CRISIL B-
S. N. Cashews                           Proposed LT Bk     CRISIL BB-     35.5    Reaffirmed
                                        Loan Fac
Shiv Shakti Thermo Pvt Ltd              CC                 CRISIL BB      28      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Shiv Shakti Thermo Pvt Ltd              Proposed LT Bk     CRISIL BB      23      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Shiv Shakti Thermo Pvt Ltd              TL                 CRISIL BB      69      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Shyma Ma Enterprise                     CC                 -              150     Withdrawn
(Issuer Not Cooperating)
Shyma Ma Enterprise                     Proposed CC Limit  -              70      Withdrawn
(Issuer Not Cooperating)
Small Johnson Floor Tiles Pvt Ltd       CC                 CRISIL BB+     140     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Small Johnson Floor Tiles Pvt Ltd       Proposed LT Bk     CRISIL BB+     28.3    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Small Johnson Floor Tiles Pvt Ltd       TL                 CRISIL BB+     40      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Sreeja Hosieries Pvt Ltd                LT Loan            CRISIL BBB     10.2    Reaffirmed
Sreeja Hosieries Pvt Ltd                Proposed LT Bk     CRISIL BBB     39.3    Reaffirmed
                                        Loan Fac
Sri Balaganapathy Spinning Mills        CC                 CRISIL BB      70      Assigned
Sri Balaganapathy Spinning Mills        Proposed LT Bk     CRISIL BB      30      Assigned
                                        Loan Fac
Trehan Automotives Pvt Ltd              CC                 CRISIL BB      65      Reaffirmed
V.N.Dyers and Processors Pvt Ltd        CC                 CRISIL BBB-    150     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
V.N.Dyers and Processors Pvt Ltd        Proposed TL        CRISIL BBB-    10      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Varsha Fresh Meat Products Pvt Ltd      Foreign Currency TLCRISIL BBB     90      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Verga Attachments Pvt Ltd               Packing Credit     CRISIL BBB-    180     Reaffirmed
Verga Attachments Pvt Ltd               TL                 CRISIL BBB-    72.6    Assigned
Well Knit Industries                    LT Loan            CRISIL BBB     7.6     Reaffirmed
Well Knit Industries                    Proposed LT Bk     CRISIL BBB     35.8    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)
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