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CRISIL ratings for Indian debt instruments-Aug 30
August 30, 2017 / 5:25 AM / 23 days ago

CRISIL ratings for Indian debt instruments-Aug 30

    Aug 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 29, 2017.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABC Transformers Pvt Ltd                BG                 CRISIL A4      25      Reaffirmed
Academy of Maritime Education and       Overdraft          CRISIL A4      150     Downgraded
Training                                                                          from CRISIL
                                                                                  A4+
Astron International Pvt Ltd            BG                 CRISIL A3      20      Reaffirmed
Astron International Pvt Ltd            LOC                CRISIL A3      490     Reaffirmed
Astron Zinc Industries                  LOC & BG           CRISIL A3      10.4    Reaffirmed
Astron Zircon Pvt Ltd                   BG                 CRISIL A3      32      Reaffirmed
Astron Zircon Pvt Ltd                   LOC                CRISIL A3      40      Reaffirmed
Dharti Industries Pvt Ltd               Inland/Import LOC  CRISIL A4+     1       Reaffirmed
Gemus Engineering Ltd                   Letter Of GuaranteeCRISIL A4      40      Reaffirmed
Metalman Auto Pvt Ltd                   LOC & BG           CRISIL A2+     20      Reaffirmed
Metalman Auto Pvt Ltd                   Packing Credit     CRISIL A2+     48      Reaffirmed
Metalman Auto Pvt Ltd                   Vendor Financing   CRISIL A2+     150     Reaffirmed
Penguin Apparels Pvt Ltd                BG                 CRISIL A3+     3       Reaffirmed
Penguin Apparels Pvt Ltd                Foreign Bill       CRISIL A3+     20      Reaffirmed
                                        Discounting
Penguin Apparels Pvt Ltd                LOC                CRISIL A3+     20      Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       LOC & BG           CRISIL A3      25.8    Reaffirmed
Shree Krishna Timber Co Pvt Ltd         LOC                CRISIL A3      50      Reaffirmed
Shree Krishna Timber Co Pvt Ltd         Standby Line of    CRISIL A3      15      Assigned
                                        Credit
Shree Krishna Timber Co Pvt Ltd         Proposed ST Bk     CRISIL A3      295     Assigned
                                        Loan Fac
Shree Shakti Ceramics - Mehsana         LOC                CRISIL A3      10      Reaffirmed
Shreenath Ceramics Industries           LOC & BG           CRISIL A3      69      Reaffirmed
Silvertoss Industries Pvt Ltd           LOC                CRISIL A3      370     Reaffirmed
Sri Nachammai Cotton Mills Ltd          BG                 CRISIL A4      12      Reaffirmed
Sri Nachammai Cotton Mills Ltd          LOC                CRISIL A4      200     Reaffirmed
Sunrise Silichem Industries Pvt Ltd     BG                 CRISIL A3      10      Reaffirmed
Sunrise Silichem Industries Pvt Ltd     LOC                CRISIL A3      40      Reaffirmed
Sylvan Plyboard India Pvt Ltd           BG                 CRISIL A3+     7.5     Reaffirmed
Sylvan Plyboard India Pvt Ltd           LOC                CRISIL A3+     522.5   Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Proposed LOC       CRISIL A3      32.5    Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  BG                 CRISIL A3      235     Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  LOC                CRISIL A3      87.5    Assigned
Welsuit Glass and Ceramics Pvt Ltd      BG                 CRISIL A3      2.7     Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      LOC                CRISIL A3      150     Reaffirmed
Zirconia Cera Tech Glazes               BG                 CRISIL A3      15      Reaffirmed


LONG TERM RATINGS:
-------------------
Aarem Tradex Pvt Ltd                    CC                 CRISIL BBB-    125.9   Reaffirmed
Aarem Tradex Pvt Ltd                    Proposed CC Limit  CRISIL BBB-    74.1    Reaffirmed
ABC Transformers Pvt Ltd                CC                 CRISIL B       35      Reaffirmed
ABC Transformers Pvt Ltd                Proposed FB Bk     CRISIL B       5       Reaffirmed
                                        Limits
Academy of Maritime Education and       LT Loan            CRISIL B       320     Downgraded
Training                                                                          from CRISIL
                                                                                  BB-
Academy of Maritime Education and       WC Demand Loan     CRISIL B       10      Downgraded
Training                                                                          from CRISIL
                                                                                  BB-
Aditya Spinners Ltd                     Secured Overdraft  CRISIL BB      37.5    Assigned
                                        Fac
Aditya Spinners Ltd                     LT Loan            CRISIL BB      78.5    Assigned
Aditya Spinners Ltd                     Proposed LT Bk     CRISIL BB      4       Assigned
                                        Loan Fac
Al-Ayaan Foods Pvt Ltd                  CC                 CRISIL B       100     Reaffirmed
Astron International Pvt Ltd            CC                 CRISIL BBB-    10      Reaffirmed
Astron Zinc Industries                  CC                 CRISIL BBB-    35      Reaffirmed
Astron Zinc Industries                  TL                 CRISIL BBB-    15      Reaffirmed
Astron Zircon Pvt Ltd                   CC                 CRISIL BBB-    298     Reaffirmed
Astron Zircon Pvt Ltd                   TL                 CRISIL BBB-    59.5    Reaffirmed
Axolo Ceramic Pvt Ltd                   CC                 CRISIL BBB-    30      Reaffirmed
Axolo Ceramic Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    30      Reaffirmed
                                        Loan Fac
Axolo Ceramic Pvt Ltd                   TL                 CRISIL BBB-    30      Reaffirmed
Biswamata Heemghar Pvt Ltd              CC                 CRISIL B+      114.4   Upgraded from
                                                                                  CRISIL B
Biswamata Heemghar Pvt Ltd              Proposed LT Bk     CRISIL B+      1.6     Upgraded from
                                        Loan Fac                                  CRISIL B
Biswamata Heemghar Pvt Ltd              TL                 CRISIL B+      17.2    Upgraded from
                                                                                  CRISIL B
Biswamata Heemghar Pvt Ltd              WC Fac             CRISIL B+      16.8    Upgraded from
                                                                                  CRISIL B
Comfia Industries Pvt Ltd               LT Bk Fac          CRISIL BBB-    70      Reaffirmed
Crest Promoters Pvt Ltd                 Proposed TL        CRISIL B+      50      Reaffirmed
Crest Promoters Pvt Ltd                 TL                 CRISIL B+      950     Reaffirmed
D.R. Thangamaaligai                     CC                 CRISIL B       60      Reaffirmed
D.R. Thangamaaligai                     Proposed LT Bk     CRISIL B       10      Reaffirmed
                                        Loan Fac
Dhanpati Agro Udyog Pvt Ltd             CC                 CRISIL D       65      Reaffirmed
Dhanpati Agro Udyog Pvt Ltd             TL                 CRISIL D       20.7    Reaffirmed
Dharti Industries Pvt Ltd               Export Packing     CRISIL BB      65      Reaffirmed
                                        Credit

Dharti Industries Pvt Ltd               Post Shipment      CRISIL BB      5       Reaffirmed
                                        Credit
Dharti Industries Pvt Ltd               Proposed LT Bk     CRISIL BB      54      Reaffirmed
                                        Loan Fac
Dr. Anjoli Health Care                  Proposed LT Bk     CRISIL B-      50      Reaffirmed
                                        Loan Fac
Gemus Engineering Ltd                   CC                 CRISIL B       85      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Gemus Engineering Ltd                   TL                 CRISIL B       36      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Goyal Proteins Ltd                      CC                 CRISIL A-      1150    Reaffirmed
Goyal Proteins Ltd                      Proposed LT Bk     CRISIL A-      160     Reaffirmed
                                        Loan Fac
Goyal Proteins Ltd                      Warehouse FinancingCRISIL A-      300     Assigned
Goyal Vegoils Ltd                       CC                 CRISIL A-      1000    Reaffirmed
H.M. Textiles Pvt Ltd                   CC                 CRISIL BBB-    100     Reaffirmed
Metalman Auto Pvt Ltd                   CC                 CRISIL A-      100     Reaffirmed
Metalman Auto Pvt Ltd                   Proposed LT Bk     CRISIL A-      4       Reaffirmed
                                        Loan Fac
Metalman Auto Pvt Ltd                   TL                 CRISIL A-      303     Reaffirmed
Penguin Apparels Pvt Ltd                Export Packing     CRISIL BBB     55      Reaffirmed
                                        Credit
Penguin Apparels Pvt Ltd                LT Loan            CRISIL BBB     45      Reaffirmed
Penguin Apparels Pvt Ltd                Proposed LT Bk     CRISIL BBB     42.4    Reaffirmed
                                        Loan Fac
Pillai and Sons Motor Company           CC                 CRISIL BBB-    30      Reaffirmed
Pillai and Sons Motor Company           Channel Financing  CRISIL BBB-    320     Reaffirmed
Pillai and Sons Motor Company           Inventory Funding  CRISIL BBB-    110     Reaffirmed
                                        Fac
Pillai and Sons Motor Company           TL                 CRISIL BBB-    10      Assigned
Pillai and Sons Motor Company           Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
Quantas Glass And Ceramic Pvt Ltd       CC                 CRISIL BBB-    50      Reaffirmed
Quantas Glass And Ceramic Pvt Ltd       TL                 CRISIL BBB-    28      Reaffirmed
Sagar Business Pvt Ltd                  CC                 CRISIL B       180     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Shree Krishna Timber Co Pvt Ltd         CC                 CRISIL BBB-    100     Reaffirmed
Shree Shakti Ceramics - Mehsana         CC                 CRISIL BBB-    40      Reaffirmed
Shree Shakti Ceramics - Mehsana         TL                 CRISIL BBB-    28.5    Reaffirmed
Shreenath Ceramics Industries           CC                 CRISIL BBB-    120     Reaffirmed
Shreenath Ceramics Industries           Proposed LT Bk     CRISIL BBB-    16.5    Reaffirmed
                                        Loan Fac
Shri Paharimata Cold Storage Pvt Ltd    CC                 CRISIL B-      50      Reaffirmed
Shri Paharimata Cold Storage Pvt Ltd    Proposed LT Bk     CRISIL B-      7       Reaffirmed
                                        Loan Fac
Shri Paharimata Cold Storage Pvt Ltd    Rupee TL           CRISIL B-      19      Reaffirmed
Silvertoss Industries Pvt Ltd           CC                 CRISIL BBB-    150     Reaffirmed
Silvertoss Industries Pvt Ltd           Proposed LT Bk     CRISIL BBB-    7       Reaffirmed
                                        Loan Fac
Sri Nachammai Cotton Mills Ltd          CC                 CRISIL B+      200     Reaffirmed
Sri Nachammai Cotton Mills Ltd          LT Loan            CRISIL B+      69.5    Reaffirmed
Sri Nachammai Cotton Mills Ltd          Proposed LT Bk     CRISIL B+      22.5    Assigned
                                        Loan Fac
Sri Saraswathi Educational Society -    LT Loan            CRISIL B       65      Reaffirmed
East Godavari
Sri Saraswathi Educational Society -    Secured Overdraft  CRISIL B       80      Reaffirmed
East Godavari                           Fac
Sunrise Silichem Industries Pvt Ltd     CC                 CRISIL BBB-    150     Reaffirmed
Sunrise Silichem Industries Pvt Ltd     TL                 CRISIL BBB-    320     Assigned
Superking Glass and Ceramic Pvt Ltd     Proposed LT Bk     CRISIL BB      100     Reaffirmed
                                        Loan Fac
Swagat Hospitals Pvt Ltd                TL                 CRISIL B-      250     Reaffirmed
Sylvan Plyboard India Pvt Ltd           CC                 CRISIL BBB     400     Reaffirmed
Syndicate Bank                          Lower Tier-II      CRISIL AA      27250   Reaffirmed
                                        Bonds
Syndicate Bank                          Perpetual Tier-I   CRISIL AA      7770    Reaffirmed
                                        Bonds
Syndicate Bank                          Upper Tier-II      CRISIL AA      8600    Withdrawn
                                        Bonds (under Basel
                                        II) 
Triumph Auto Parts Distributors Pvt Ltd Electronic Dealer  CRISIL B       67.5    Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Union Roadways Ltd                      CC                 CRISIL BBB     328.4   Reaffirmed
Union Roadways Ltd                      TL                 CRISIL BBB     31.6    Reaffirmed
Vinayaga Impex Pvt Ltd                  CC                 CRISIL D       34      Reaffirmed
Vinayaga Impex Pvt Ltd                  Export Bill        CRISIL D       45      Reaffirmed
                                        Rediscounting
Vinayaga Impex Pvt Ltd                  Inland/Import LOC  CRISIL D       2.5     Reaffirmed
Vinayaga Impex Pvt Ltd                  Overdraft          CRISIL D       25      Reaffirmed
Vinayaga Impex Pvt Ltd                  Packing Credit     CRISIL D       25      Reaffirmed
Vinayaga Impex Pvt Ltd                  Proposed LT Bk     CRISIL D       13.9    Reaffirmed
                                        Loan Fac
Vinayaga Impex Pvt Ltd                  TL                 CRISIL D       4.6     Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd  LT Loan            CRISIL BBB-    171.4   Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Foreign LOC        CRISIL BBB-    50      Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  CC                 CRISIL BBB-    100     Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Proposed BG        CRISIL BBB-    258.6   Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Proposed CC Limit  CRISIL BBB-    50      Assigned
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Standby Line of    CRISIL BBB-    15      Assigned
                                        Credit
Welsuit Glass and Ceramics Pvt Ltd      CC                 CRISIL BBB-    250     Reaffirmed
Welsuit Glass and Ceramics Pvt Ltd      TL                 CRISIL BBB-    14      Reaffirmed
Zirconia Cera Tech Glazes               CC                 CRISIL BBB-    52.5    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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