August 28, 2018 / 5:41 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Aug 28

    Aug 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 27, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amaravathi Textiles Pvt Ltd             BG                 CRISIL A3+     1.1     Migrated
(Issuer Not Cooperating)
Amaravathi Textiles Pvt Ltd             Foreign Exchange   CRISIL A3+     124.9   Migrated
                                        Forward
(Issuer Not Cooperating)
Amaravathi Textiles Pvt Ltd             Inland/Import LOC  CRISIL A3+     175     Migrated
(Issuer Not Cooperating)
Bharat Construction                     BG                 CRISIL A4      230     Withdrawn
B P Alloys Ltd                          LOC                CRISIL A4+     70      Assigned
Balmukund Concast Pvt Ltd               LOC                CRISIL A3      45      Migrated
(Issuer Not Cooperating)
Golf Ceramics Ltd                       BG                 CRISIL A3      50      Reaffirmed
Gurudev Motors Pvt Ltd                  LOC & BG           CRISIL A4+     19      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Hi-Tech Audio Systems Pvt Ltd           BG                 CRISIL A3+     50      Migrated
(Issuer Not Cooperating)
Hi-Tech Audio Systems Pvt Ltd           LOC                CRISIL A3+     50      Migrated
(Issuer Not Cooperating)
IVL Finance Ltd                         CP                 CRISIL A1+     50000   Reaffirmed
(Enhanced from Rs.2000 Crore) 
Japan Metal Building System Pvt Ltd     Letter Of GuaranteeCRISIL A4      55      Withdrawn
(Issuer Not Cooperating)
Japan Metal Building System Pvt Ltd     LOC                CRISIL A4      45      Withdrawn
(Issuer Not Cooperating)
Japan Metal Building System Pvt Ltd     Proposed ST Bk     CRISIL A4      40      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
JK Paper Ltd                            CP                 CRISIL A1      500     Reaffirmed
L&T-MHPS Turbine Generators Pvt Ltd     Foreign Exchange   CRISIL A1      1500    Reaffirmed
                                        Forward*
* The facility being rated is a plain vanilla forward contract
M.I. Alloys Pvt Ltd                     BG                 CRISIL A4+     14.5    Reaffirmed
Ozone PB Spintex Ltd.                   BG                 CRISIL A4+     15      Withdrawn
(Issuer Not Cooperating)
Precision Infratech Ltd                 BG                 CRISIL A4+     600     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Precision Infratech Ltd                 LOC                CRISIL A4+     100     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Rawmin Mining and Industries Pvt Ltd    Foreign Usance     CRISIL A3      200     Migrated
                                        Bills Purchase -
                                        Discounting
(Issuer Not Cooperating)
Rawmin Mining and Industries Pvt Ltd    Packing Credit     CRISIL A3      270     Migrated
(Issuer Not Cooperating)
RBM Industries                          BG                 CRISIL A4+     2.5     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Royal Touch Fablon Pvt Ltd              LOC & BG           CRISIL A4+     120     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
S. S. Engineers                         BG                 CRISIL A4+     540     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Saluja Steel and Power Pvt Ltd          BG                 CRISIL A4+     40      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Saluja Steel and Power Pvt Ltd          LOC                CRISIL A4+     70      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd            BG                 CRISIL A4+     35      Migrated
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd            LOC                CRISIL A4+     95      Migrated
(Issuer Not Cooperating)
Shiwalya Spinning and Weaving Mills Pvt LOC                CRISIL A4+     90      Migrated from
Ltd                                                                               CRISIL A3
(Issuer Not Cooperating)
Sua Explosives and Accessories Pvt Ltd  BG                 CRISIL A3      55      Migrated
(Issuer Not Cooperating)
Technical Associates Ltd                BG                 CRISIL A2      1000    Migrated
(Issuer Not Cooperating)
Technical Associates Ltd                LOC                CRISIL A2      753.8   Migrated
(Issuer Not Cooperating)
Vidya Herbs Pvt Ltd                     LOC                CRISIL A3+     60      Migrated
(Issuer Not Cooperating)
Vijaya Diagnostic Centre Pvt Ltd        Overdraft          CRISIL A3+     10
(Issuer Not Cooperating)
Vittal Cashew Industries                Packing Credit     CRISIL A4+     20      Reassigned
Zetts Cosmetics Pvt Ltd                 Bill Discounting   CRISIL A3      6       Reaffirmed
Zetts Cosmetics Pvt Ltd                 Export Packing     CRISIL A3      21.5    Reaffirmed
                                        Credit  
MEDIUM TERM RATINGS:
-------------------                                        
AKS Electricals and Electronics Pvt Ltd FD                 FA-            250     Assigned
JK Paper Ltd                            FD                 FAA-           1000    Reaffirmed
Lakshmi Float Glass Ltd                 FD                 FB+            120     Migrated
Sambandam Spinning Mills Ltd            FD                 FB+            119     Migrated
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Akanksha Automobiles (Rudrapur) Pvt Ltd CC                 CRISIL BB      40      Reaffirmed
Akanksha Automobiles (Rudrapur) Pvt Ltd Drop Line          CRISIL BB      50      Reaffirmed
                                        Overdraft Fac
Akanksha Automobiles (Rudrapur) Pvt Ltd Electronic Dealer  CRISIL BB      205     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Amaravathi Textiles Pvt Ltd             CC                 CRISIL BBB     760     Migrated
(Issuer Not Cooperating)
Amaravathi Textiles Pvt Ltd             LT Loan            CRISIL BBB     1294.2  Migrated
(Issuer Not Cooperating)
Amaravathi Textiles Pvt Ltd             Proposed LT Bk     CRISIL BBB     214.8   Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Ankapalli Tollway Pvt Ltd               TL                 CRISIL AA-(SO) 13536
Converted from Provisional Rating to Final Rating
B P Alloys Ltd                          Overdraft          CRISIL BB      60      Assigned
Balajee Hitec Rolling Pvt Ltd           CC                 CRISIL B       77.5    Downgraded
                                                                                  from CRISIL BB
Balajee Hitec Rolling Pvt Ltd           Proposed FB Bk     CRISIL B       89.9    Downgraded
                                        Limits                                    from CRISIL BB
Balmukund Concast Pvt Ltd               CC                 CRISIL BBB-    180     Migrated
(Issuer Not Cooperating)
Balmukund Concast Pvt Ltd               Proposed LT Bk     CRISIL BBB-    55      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Bamanbore Tollway Pvt Ltd               TL                 CRISIL AA-(SO) 3217
Converted from Provisional Rating to Final Rating
Bharat Construction                     CC                 CRISIL B-      120     Withdrawn
Clear Secured Services Pvt Ltd          CC                 CRISIL BBB-    250     Assigned
Clear Secured Services Pvt Ltd          Rupee TL           CRISIL BBB-    20      Assigned
Diwancheruvu Tollway Pvt Ltd            TL                 CRISIL AA-(SO) 9600
Converted from Provisional Rating to Final Rating
Diwantham Tollway Pvt Ltd               TL                 CRISIL AA-(SO) 4000
Converted from Provisional Rating to Final Rating
Garamore Tollway Pvt Ltd                TL                 CRISIL AA-(SO) 8600
Converted from Provisional Rating to Final Rating
Ginger Properties Pvt Ltd               TL                 CRISIL B       90      Downgraded
                                                                                  from CRISIL B+
Globe Mobility Pvt Ltd                  CC                 CRISIL B+      65      Reaffirmed
Golf Ceramics Ltd                       CC                 CRISIL BBB-    100     Reaffirmed
Golf Ceramics Ltd                       Proposed LT Bk     CRISIL BBB-    30      Reaffirmed
                                        Loan Fac
Gujarat Forgings Pvt Ltd                CC                 CRISIL BBB+    100     Reaffirmed
Gurudev Motors Pvt Ltd                  Inventory Funding  CRISIL BB+     210     Migrated from
                                        Fac                                       CRISIL BBB-
(Issuer Not Cooperating)
Gurudev Motors Pvt Ltd                  TL                 CRISIL BB+     93      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Himavasini Cars Pvt Ltd                 LT Loan            CRISIL B+      20      Assigned
Himavasini Cars Pvt Ltd                 CC                 CRISIL B+      30      Assigned
Himavasini Cars Pvt Ltd                 Electronic Dealer  CRISIL B+      30      Assigned
                                        Financing
                                        Scheme(e-DFS)
Hi-Tech Audio Systems Pvt Ltd           CC                 CRISIL BBB     140     Migrated
(Issuer Not Cooperating)
Hi-Tech Audio Systems Pvt Ltd           Proposed LT Bk     CRISIL BBB     250     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Icchapuram Tollway Pvt Ltd              TL                 CRISIL AA-(SO) 5216
Converted from Provisional Rating to Final Rating
Japan Metal Building System Pvt Ltd     CC                 CRISIL B       50      Withdrawn
(Issuer Not Cooperating)
Japan Metal Building System Pvt Ltd     Proposed LT Bk     CRISIL B       120     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
JK Paper Ltd                            Proposed Rupee TL  CRISIL A+      628.4   Reaffirmed
JK Paper Ltd                            Rupee TL           CRISIL A+      9691.6  Reaffirmed
JK Paper Ltd                            WC Fac             CRISIL A+      7200    Reaffirmed
JK Paper Ltd                            NCDs               CRISIL A+      3350    Reaffirmed
L&T-MHPS Turbine Generators Pvt Ltd     CC@@               CRISIL A       2000    Reaffirmed
@@ Fuly Interchangeble with OD, WCDL, PCRE/PCFC, Bills Discounting
L&T-MHPS Turbine Generators Pvt Ltd     CC##               CRISIL A       500     Reaffirmed
## Fully Interchangeable with PCRE/PCFC upto Rs. 25 crore
L&T-MHPS Turbine Generators Pvt Ltd     CC$$               CRISIL A       2000    Reaffirmed
$$ Interchangeable with OD/WCDL upto limit of Rs. 50 crore
L&T-MHPS Turbine Generators Pvt Ltd     CC^^               CRISIL A       3000    Reaffirmed
^^ Interchangeble with LC and Invoice Financing upto Rs. 50 crore, with Buyer's Credit upto Rs.
100 crore, with Export Bill purchase upto Rs. 200 crore
L&T-MHPS Turbine Generators Pvt Ltd     Export Packing     CRISIL A       3000    Reaffirmed
                                        Credit
L&T-MHPS Turbine Generators Pvt Ltd     LOC & BG           CRISIL A       5000    Reaffirmed
L&T-MHPS Turbine Generators Pvt Ltd     Proposed LT Bk     CRISIL A       1000    Reaffirmed
                                        Loan Fac
Lakshmi Float Glass Ltd                 CC                 CRISIL BB      300     Migrated
(Issuer Not Cooperating)
Lakshmi Float Glass Ltd                 WC Demand Loan     CRISIL BB      200     Migrated
(Issuer Not Cooperating)
M. R. Dairy Products Pvt Ltd            CC                 CRISIL BB+     450     Upgraded from
                                                                                  CRISIL BB
M.I. Alloys Pvt Ltd                     CC                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL BB-
M.I. Alloys Pvt Ltd                     Proposed LT Bk     CRISIL BB      24.1    Upgraded from
                                        Loan Fac                                  CRISIL BB-
M.I. Alloys Pvt Ltd                     TL                 CRISIL BB      25      Upgraded from
                                                                                  CRISIL BB-
Musaddilal Properties Pvt Ltd           Proposed LT Bk     CRISIL BB+     440     Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Osia Hyper Retail Ltd                   CC                 CRISIL BB+     117     Upgraded from
                                                                                  CRISIL BB
Ozone PB Spintex Ltd.                   CC                 CRISIL BB      150     Withdrawn
(Issuer Not Cooperating)
Ozone PB Spintex Ltd.                   TL                 CRISIL BB      635     Withdrawn
(Issuer Not Cooperating)
Porbandar Jetpur Tollway Pvt Ltd        TL                 CRISIL AA-(SO) 254
Converted from Provisional Rating to Final Rating
Porbandar Jetpur Tollway Pvt Ltd        Proposed TL        Provisional    46      Withdrawn
                                                           CRISIL AA-(SO)
Precision Infratech Ltd                 CC                 CRISIL BB+     115     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Precision Infratech Ltd                 Overdraft          CRISIL BB+     187.5   Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Precision Infratech Ltd                 Proposed LT Bk     CRISIL BB+     17.5    Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Puintola Tollway Pvt Ltd                TL                 CRISIL AA-(SO) 3967
Converted from Provisional Rating to Final Rating
Raj India Auto Pvt Ltd                  Electronic Dealer  CRISIL BB+     120     Migrated from
                                        Financing                                 CRISIL BBB-
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
RBM Industries                          CC                 CRISIL BB+     50      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
RBM Industries                          TL                 CRISIL BB+     77.5    Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Realtech Nirman Pvt Ltd                 LT Loan            CRISIL BBB-    200     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Royal Touch Fablon Pvt Ltd              CC                 CRISIL BB+     607.5   Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Royal Touch Fablon Pvt Ltd              Proposed LT Bk     CRISIL BB+     162.5   Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Royal Touch Fablon Pvt Ltd              TL                 CRISIL BB+     110     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
S. S. Engineers                         CC                 CRISIL BB+     50      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Saluja Steel and Power Pvt Ltd          CC                 CRISIL BB+     220     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Saluja Steel and Power Pvt Ltd          LT Loan            CRISIL BB+     65      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Saluja Steel and Power Pvt Ltd          Proposed FB Bk     CRISIL BB+     35      Migrated from
                                        Limits                                    CRISIL BBB-
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd            CC                 CRISIL BB-     548.5   Migrated
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd            TL                 CRISIL BB-     210     Migrated
(Issuer Not Cooperating)
Sankalp Venture LLP                     LT Loan            CRISIL BB-     120     Upgraded from
                                                                                  CRISIL B+
Shiwalya Spinning and Weaving Mills Pvt CC                 CRISIL BB+     310     Migrated from
Ltd                                                                               CRISIL BBB-
(Issuer Not Cooperating)
Siddhantham Tollway Pvt Ltd             TL                 CRISIL AA-(SO) 1610    Final Rating
Converted from Provisional Rating to Final Rating
Siddhantham Tollway Pvt Ltd             Proposed TL        Provisional    1090    Withdrawn
                                                           CRISIL AA-(SO)
Sidharth Exporters                      CC                 CRISIL BB+     200     Reaffirmed
Soft Medicaps Ltd                       Proposed LT Bk     CRISIL BB-     47.5    Reaffirmed
                                        Loan Fac
Soft Medicaps Ltd                       Secured Overdraft  CRISIL BB-     35      Reaffirmed
                                        Fac
Soft Medicaps Ltd                       TL                 CRISIL BB-     20      Reaffirmed
Sre Ram and Co.                         CC                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Stonemen Crafts India Pvt Ltd           Overdraft          CRISIL BBB     50      Migrated
(Issuer Not Cooperating)
Stonemen Crafts India Pvt Ltd           Packing Credit     CRISIL BBB     110     Migrated
(Issuer Not Cooperating)
Stonemen Crafts India Pvt Ltd           Rupee TL           CRISIL BBB     40      Migrated
(Issuer Not Cooperating)
Sua Explosives and Accessories Pvt Ltd  CC                 CRISIL BBB-    15      Migrated
(Issuer Not Cooperating)
Sua Explosives and Accessories Pvt Ltd  Proposed LT Bk     CRISIL BBB-    20      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Sumo Biscuits Pvt Ltd                   CC                 CRISIL BB      40      Upgraded from
                                                                                  CRISIL B+
Sumo Biscuits Pvt Ltd                   Proposed LT Bk     CRISIL BB      100.6   Upgraded from
                                        Loan Fac                                  CRISIL B+
Sumo Biscuits Pvt Ltd                   TL                 CRISIL BB      80.4    Upgraded from
                                                                                  CRISIL B+
Suryateja Power Projects Pvt Ltd        CC                 CRISIL B+      45      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Suryateja Power Projects Pvt Ltd        Proposed LT Bk     CRISIL B+      10      Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Tata Advanced Materials Ltd             CC*                CRISIL A+      3600    #
*interchangeable with Packing Credit/Overdraft/Bill discounting /Letter of credit /Bank
Guarantee
Tata Advanced Materials Ltd             TL                 CRISIL A+      500     #
Tata Advanced Materials Ltd             NCD                CRISIL AA+(SO) 1000    Reaffirmed
Technical Associates Ltd                CC                 CRISIL BBB+    400     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
The Sunbeam Academy Educational Society LT Loan            CRISIL BBB-    120     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Trans Engineers India Pvt Ltd           Proposed LT Bk     CRISIL BBB     300     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Unique Gems                             Post Shipment      CRISIL BBB-    300     Assigned,
                                        Credit                                    Suspension
                                                                                  revoked 
United Wines                            CC                 CRISIL BB+     450     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
United Wines                            Proposed FB Bk     CRISIL BB+     50      Migrated from
                                        Limits                                    CRISIL BBB
(Issuer Not Cooperating)
Vidya Herbs Pvt Ltd                     Export Packing     CRISIL BBB     300     Migrated
                                        Credit
(Issuer Not Cooperating)
Vidya Herbs Pvt Ltd                     FCNR Loan          CRISIL BBB     178     Migrated
(Issuer Not Cooperating)
Vidya Herbs Pvt Ltd                     Proposed WC Fac    CRISIL BBB     40      Migrated
(Issuer Not Cooperating)
Vidya Herbs Pvt Ltd                     Standby Line of    CRISIL BBB     40      Migrated
                                        Credit
(Issuer Not Cooperating)
Vijaya Diagnostic Centre Pvt Ltd        CC                 CRISIL BBB     20
(Issuer Not Cooperating)
Vijaya Diagnostic Centre Pvt Ltd        LT Loan            CRISIL BBB     260
(Issuer Not Cooperating)
Vijaya Diagnostic Centre Pvt Ltd        Proposed LT Bk     CRISIL BBB     110
                                        Loan Fac
(Issuer Not Cooperating)
Vittal Cashew Industries                CC/ Overdraft Fac  CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Zetts Cosmetics Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    62.5    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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