August 20, 2019 / 4:16 AM / a month ago

CRISIL ratings for Indian debt instruments-Aug 20

    Aug 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 19, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aditya Precitech Pvt Ltd                Inland Guarantees  CRISIL A4      32.5
Issuer Not Cooperating; Rating Migrated
Agsons Agencies India Pvt Ltd           LOC                CRISIL A4+     700
Issuer Not Cooperating; Rating Migrated
Al-Fas Trading International Pvt Ltd    Inland/Import LOC  CRISIL A4      20
Migrated from 'CRISIL A4+ Issuer Not Cooperating' 
Anacon Process Control Pvt Ltd          BG                 CRISIL A4      39.5
Issuer Not Cooperating; Rating Migrated
Anacon Process Control Pvt Ltd          LOC                CRISIL A4      45.5
Issuer Not Cooperating; Rating Migrated
Anisha Impex Ltd                        BG                 CRISIL A4      10
Reassigned
APU Constructions                       BG                 CRISIL A4      5
Issuer Not Cooperating; Rating Migrated
Archana Granites                        BG                 CRISIL A4      2.5
Issuer Not Cooperating; Rating Migrated
B.L. Goel and Company                   BG                 CRISIL A4+     100
Issuer Not Cooperating; Rating Migrated
Banglore Polycotters Pvt Ltd            LOC                CRISIL A4+     40
Issuer Not Cooperating; Rating Migrated
BSR Techinfra                           BG                 CRISIL A4      80
Issuer Not Cooperating; Rating Migrated
Ceekay Associates                       BG                 CRISIL A4+     15
Issuer Not Cooperating; Rating Migrated
Coslight India Telecom Pvt Ltd          Non-FBL@           CRISIL A4+     90
Issuer Not Cooperating; Rating Migrated; @ Non-fund based limits include Bid Bond Bank Guarantee
-1 (Rs. 7.5 crores), Performance Bank Guarantee -1 (Rs. 5 crores), Letter of Credit - 1 (Rs. 5
crores) and Counter Bank Guarantee (Rs. 7.5 crores)
Dunexo Ceramic Pvt Ltd                  BG                 CRISIL A4+     10
Issuer Not Cooperating; Rating Migrated
Fiberfill Interiors and Constructions   BG                 CRISIL A4      20      Assigned
(India) Pvt Ltd
G.M. Exports                            BG                 CRISIL A4+     46
Issuer Not Cooperating; Rating Migrated
G.M. Exports                            LOC                CRISIL A4+     15
Issuer Not Cooperating; Rating Migrated
Gaurav Exportrades Pvt Ltd              Packing Credit     CRISIL A4      150
Issuer Not Cooperating; Rating Migrated
Indiana Steel Corporation - Pune        LOC                CRISIL A4+     1.7     Assigned
IRB Infrastructure Developers Ltd       BG                 CRISIL A1      12000   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
IRB Infrastructure Developers Ltd       Proposed BG        CRISIL A1      9000    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
JKG Infratech Pvt Ltd                   BG                 CRISIL A4+     100
Issuer Not Cooperating; Rating Migrated
Kamlesh Autowheels Pvt Ltd              Proposed NFBL      CRISIL A4+     7
Issuer Not Cooperating; Rating Migrated
Krita Engineering Pvt Ltd               BG                 CRISIL A4+     220
Issuer Not Cooperating; Rating Migrated
Krita Engineering Pvt Ltd               LOC                CRISIL A4+     5
Issuer Not Cooperating; Rating Migrated
Maharaja                                LOC                CRISIL A4+     60      Reaffirmed
Mass-Tech Controls Pvt Ltd              BG                 CRISIL A4      60      Reaffirmed
Mass-Tech Controls Pvt Ltd              Inland/Import LOC  CRISIL A4      12.5    Reaffirmed
Narola Gems                             Post Shipment      CRISIL A3+     214.5   Assigned
                                        Credit
Nowotek Textiles Pvt Ltd                LOC                CRISIL A4+     15      Reaffirmed
Oswal Polychem                          LOC                CRISIL A4+     50
Issuer Not Cooperating; Rating Migrated
Rajkamal Builders Infrastructure Pvt LtdBG                 CRISIL A4+     2650
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Rama Krishna Buildwell Pvt Ltd          BG                 CRISIL A4+     70
Issuer Not Cooperating; Rating Migrated
Shree Bharka India Ltd                  Packing Credit     CRISIL A4+     160     Assigned
Assigned; Suspension Revoked 
Shree Jaya Laboratories Pvt Ltd         LOC                CRISIL A3      80
Reaffirmed
Spack Coaters Pvt Ltd                   LOC                CRISIL A4+     10      Reaffirmed
SSK Exports Ltd                         Packing Credit     CRISIL A4+     520
Issuer Not Cooperating; Rating Migrated
Success Engineers                       BG                 CRISIL A4+     40
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Summer Sands                            BG                 CRISIL A4      40      Reaffirmed
Vijayawada Hospitalities Pvt Ltd        BG                 CRISIL A3      7       Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Overdraft          CRISIL A3      10      Reaffirmed

LONG TERM RATINGS:
-------------------
Actis Generics Pvt Ltd                  CC                 CRISIL B+      60
Issuer Not Cooperating; Rating Migrated
Actis Generics Pvt Ltd                  LT Loan            CRISIL B+      29
Issuer Not Cooperating; Rating Migrated
Actis Generics Pvt Ltd                  Proposed LT Bk     CRISIL B+      36
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Aditya Precitech Pvt Ltd                CC                 CRISIL B       30
Issuer Not Cooperating; Rating Migrated
Aditya Precitech Pvt Ltd                LT Loan            CRISIL B       28.5

Issuer Not Cooperating; Rating Migrated
Aditya Precitech Pvt Ltd                Proposed LT Bk     CRISIL B       9
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Agsons Agencies India Pvt Ltd           LOC                CRISIL BB-     150
Issuer Not Cooperating; Rating Migrated
Al-Fas Trading International Pvt Ltd    CC                 CRISIL B+      35
Migrated from 'CRISIL BB-/Stable Issuer Not Cooperating'
Amaleswari Constructions                BG                 CRISIL D       40
Issuer Not Cooperating; Rating Migrated
Amaleswari Constructions                CC                 CRISIL D       25
Issuer Not Cooperating; Rating Migrated
Amaleswari Constructions                Proposed LT Bk     CRISIL D       15
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Amaya Hotels                            LT Loan            CRISIL B+      70
Issuer Not Cooperating; Rating Migrated
Amaya Hotels                            Proposed LT Bk     CRISIL B+      30
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Anacon Process Control Pvt Ltd          CC - Book Debt     CRISIL B+      45
Issuer Not Cooperating; Rating Migrated
Anisha Impex Ltd                        CC                 CRISIL B       70
Downgraded from 'CRISIL B+/Stable'
Anisha Impex Ltd                        Proposed LT Bk     CRISIL B       20      Assigned
                                        Loan Fac
Downgraded from 'CRISIL B+/Stable'
APU Constructions                       Overdraft          CRISIL B       97.5
Issuer Not Cooperating; Rating Migrated
Archana Granites                        CC                 CRISIL B       91
Issuer Not Cooperating; Rating Migrated
B.L. Goel and Company                   CC                 CRISIL BB-     70
Issuer Not Cooperating; Rating Migrated
Banglore Polycotters Pvt Ltd            CC                 CRISIL BB-     110
Issuer Not Cooperating; Rating Migrated
Bija Poultry Farm Pvt Ltd               CC                 CRISIL BB-     267     Reaffirmed
Bija Poultry Farm Pvt Ltd               TL                 CRISIL BB-     248     Reaffirmed
Bindeshwari Cold Chain Pvt Ltd          TL                 CRISIL B       40
Issuer Not Cooperating; Rating Migrated
BSR Techinfra                           CC                 CRISIL B+      1
Issuer Not Cooperating; Rating Migrated
Ceekay Associates                       CC                 CRISIL BB-     80
Issuer Not Cooperating; Rating Migrated
Ceekay Associates                       Electronic Dealer  CRISIL BB-     50
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Coslight India Telecom Pvt Ltd          CC**               CRISIL BB      10
Issuer Not Cooperating; Rating Migrated; **Cash credit is fully interchangeable with non-fund
based limits subject to the combined drawings on both fund and non-fund based facilities not
exceeding Rs. 10 crores.
Deoghar Industries Pvt Ltd              Proposed CC Limit  CRISIL B       60
Issuer Not Cooperating; Rating Migrated
Deoghar Industries Pvt Ltd              TL                 CRISIL B       84.5
Issuer Not Cooperating; Rating Migrated
Deveer Decors Pvt Ltd                   CC                 CRISIL B-      75
Migrated from 'CRISIL B-/Stable Issuer Not Cooperating'
Deveer Decors Pvt Ltd                   TL                 CRISIL B-      190.4
Migrated from 'CRISIL B-/Stable Issuer Not Cooperating'
Dunexo Ceramic Pvt Ltd                  CC                 CRISIL BB-     45
Issuer Not Cooperating; Rating Migrated
Dunexo Ceramic Pvt Ltd                  Proposed LT Bk     CRISIL BB-     7.7
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Dunexo Ceramic Pvt Ltd                  TL                 CRISIL BB-     17.3
Issuer Not Cooperating; Rating Migrated
Fiberfill Interiors and Constructions   Proposed LT Bk     CRISIL B+      60      Assigned
(India) Pvt Ltd                         Loan Fac
Fiberfill Interiors and Constructions   CC                 CRISIL B+      20      Assigned
(India) Pvt Ltd
G. D. Builders                          LT Bk Fac          CRISIL B+      100
Issuer Not Cooperating; Rating Migrated
G.M. Exports                            CC                 CRISIL BB      25
Issuer Not Cooperating; Rating Migrated
G.M. Exports                            Channel Financing  CRISIL BB      214
Issuer Not Cooperating; Rating Migrated
Gaurav Exportrades Pvt Ltd              CC                 CRISIL B-      20
Issuer Not Cooperating; Rating Migrated
Gaurav Exportrades Pvt Ltd              Foreign LOC        CRISIL B-      20
Issuer Not Cooperating; Rating Migrated
Geep Industries India Pvt Ltd           TL                 CRISIL BBB     29      Assigned
Geep Industries India Pvt Ltd           Proposed LT Bk     CRISIL BBB     66      Assigned
                                        Loan Fac
Geep Industries India Pvt Ltd           CC                 CRISIL BBB     105     Assigned
Geep Industries India Pvt Ltd           Proposed FB Bk     CRISIL BBB     50      Assigned
                                        Limits
Honest Marketing Pvt Ltd                CC                 CRISIL BBB     160     Reaffirmed
Honest Marketing Pvt Ltd                Proposed CC Limit  CRISIL BBB     40      Reaffirmed
Indian Concretes                        CC                 CRISIL B       59      Assigned
Indiana Steel Corporation - Pune        Proposed FB Bk     CRISIL BB-     28.3    Assigned
                                        Limits
Indiana Steel Corporation - Pune        CC                 CRISIL BB-     40      Assigned
IRB Infrastructure Developers Ltd       LT Loan            CRISIL A+      18531.9 Reaffirmed
Placed on 'Rating Watch with Developing Implications'
IRB Infrastructure Developers Ltd       Proposed LT Bk     CRISIL A+      2468.1  Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
J. R. Textiles                          CC                 CRISIL BB      68
Upgraded from 'CRISIL BB-/Stable'
J. R. Textiles                          Proposed FB Bk     CRISIL BB      12
                                        Limits
Upgraded from 'CRISIL BB-/Stable'
                                        Purchase
Issuer Not Cooperating; Rating Migrated from 'CRISIL BB+/Positive'
Success Engineers                       CC                 CRISIL BB      25
Migrated from 'CRISIL BB/Stable Issuer Not Cooperating'
Success Engineers                       LT Loan            CRISIL BB      38.5
Migrated from 'CRISIL BB/Stable Issuer Not Cooperating'
Summer Sands                            Overdraft          CRISIL B+      90      Reaffirmed
Suryaa Chamball Power Ltd               CC                 CRISIL BBB-    70      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Suryaa Chamball Power Ltd               CC/ Overdraft Fac  CRISIL BBB-    67.5    Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Suryaa Chamball Power Ltd               Proposed LT Bk     CRISIL BBB-    226.3   Reaffirmed
                                        Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Suryaa Chamball Power Ltd               TL                 CRISIL BBB-    9.2     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Tasty Dairy Specialities Ltd            Bill Discounting   CRISIL BBB-    130     Reaffirmed
Tasty Dairy Specialities Ltd            CC                 CRISIL BBB-    270     Reaffirmed
Tasty Dairy Specialities Ltd            Overdraft          CRISIL BBB-    30      Reaffirmed
Universal Hatchery Pvt Ltd              CC                 CRISIL BB-     65.8    Assigned
Universal Hatchery Pvt Ltd              TL                 CRISIL BB-     67.5    Assigned
Vijayawada Hospitalities Pvt Ltd        LT Loan            CRISIL BBB-    42.4    Reaffirmed
Vijayawada Hospitalities Pvt Ltd        Proposed LT Bk     CRISIL BBB-    55.6    Reaffirmed
                                        Loan Fac
Weltime Footwear Pvt Ltd                Open CC            CRISIL B-      45      Reaffirmed
Weltime Footwear Pvt Ltd                Proposed LT Bk     CRISIL B-      0.5     Reaffirmed
                                        Loan Fac
Weltime Footwear Pvt Ltd                TL                 CRISIL B-      84      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)
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