August 31, 2018 / 9:27 AM / 19 days ago

CRISIL ratings for Indian debt instruments-Aug 31

   Aug 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 30, 2018.

 
COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anna Aluminium Company Pvt Ltd          Packing Credit     CRISIL A3+     13.6    Reaffirmed
Autobahn Enterprises Pvt Ltd            BG                 CRISIL A3      15      Assigned
Coastal Gujarat Power Ltd               BG*#               CRISIL A1+(SO) 2500    Reaffirmed
*Guaranteed by Tata Power. #One-way interchangeability from bank guarantee to Letter of Credit 
Coastal Gujarat Power Ltd               Buyer`s Credit*    CRISIL A1+(SO) 22500   Reaffirmed
*Guaranteed by Tata Power
Coastal Gujarat Power Ltd               ST Loan*           CRISIL A1+(SO) 3500    Reaffirmed
*Guaranteed by Tata Power
Coastal Gujarat Power Ltd               CP*                CRISIL A1+(SO) 5000    Reaffirmed
*Guaranteed by Tata Power
Edelweiss Housing Finance Ltd           CP                 CRISIL A1+     10000   Reaffirmed
Geethalaya Exports                      BG                 CRISIL A3      2.5     Reaffirmed
(Issuer Not Cooperating)
Geethalaya Exports                      Export Packing     CRISIL A3      100     Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Geethalaya Exports                      LOC                CRISIL A3      2       Reaffirmed
(Issuer Not Cooperating)
Geethalaya Exports                      Standby Line of    CRISIL A3      16      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Ideal Movers Pvt Ltd                    BG                 CRISIL A4+     77.5    Downgraded
                                                                                  from CRISIL A3
Indian Terrain Fashions Ltd             LOC                CRISIL A2      135     Upgraded from
                                                                                  CRISIL A3+
Indian Terrain Fashions Ltd             Proposed ST Bk     CRISIL A2      35.5    Upgraded from
                                        Loan Fac                                  CRISIL A3+
IndianOil Adani Gas Pvt Ltd             BG                 CRISIL A2+     66349.2 Reaffirmed
IndianOil Adani Gas Pvt Ltd             Proposed BG        CRISIL A2+     3820    Assigned
Jinaams Dress Ltd                       BG                 CRISIL A4+     2.4     Reaffirmed
LC Infra Projects Pvt Ltd               BG                 CRISIL A3+     1550    Reaffirmed
Leather Crafts India Pvt Ltd            Proposed ST Bk     CRISIL A3+     20      Reaffirmed
                                        Loan Fac
M.N.S. Metal and Profiles Pvt Ltd       Proposed ST Bk     CRISIL A3      60      Reaffirmed
                                        Loan Fac
Meta Rolls and Commodities Pvt Ltd      BG                 CRISIL A3      110     Reaffirmed
(Issuer Not Cooperating)
Meta Rolls and Commodities Pvt Ltd      LOC                CRISIL A3      200     Reaffirmed
(Issuer Not Cooperating)
R R Durafabs Pvt Ltd                    BG                 CRISIL A4      120     Reaffirmed
Stanfab Apparels Pvt Ltd                BG                 CRISIL A3      2.5     Reaffirmed
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                Export Packing     CRISIL A3      113     Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                Foreign Bill       CRISIL A3      143     Reaffirmed
                                        Discounting
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                LOC                CRISIL A3      20      Reaffirmed
(Issuer Not Cooperating)
Tirupati Structurals Ltd                BG                 CRISIL A2      50      Reaffirmed
Tirupati Structurals Ltd                Bill Purchase      CRISIL A2      10      Reaffirmed
                                        Discounting Fac
Tirupati Structurals Ltd                Import Documentary CRISIL A2      100     Reaffirmed
                                        Credit
Tirupati Structurals Ltd                LOC                CRISIL A2      130     Reaffirmed
Tirupati Structurals Ltd                LOC & BG           CRISIL A2      100     Reaffirmed
Triton Valves Ltd                       LOC                CRISIL A2      350     Reaffirmed
Uttorayon Tea Industries Pvt Ltd        BG                 CRISIL A4      3       Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Atlas Cycles (Haryana) Ltd              FD                 FD             300     -
(Issuer did not cooperate; )based on best-available information

LONG TERM RATINGS:
-------------------
Anisha Impex Ltd                        CC                 CRISIL B+      49      Upgraded from
                                                                                  CRISIL B
Anisha Impex Ltd                        Proposed LT Bk     CRISIL B+      51      Upgraded from
                                        Loan Fac                                  CRISIL B
Anna Aluminium Company Pvt Ltd          CC                 CRISIL BBB     115     Reaffirmed
Arnav Technosoft Pvt Ltd                Proposed LT Bk     CRISIL D       24.7    Assigned
                                        Loan Fac
Arnav Technosoft Pvt Ltd                TL                 CRISIL D       110.3   Assigned
Autobahn Enterprises Pvt Ltd            Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
Autobahn Enterprises Pvt Ltd            CC                 CRISIL BBB-    175     Assigned
Coastal Gujarat Power Ltd               ST Loan*           -              3000    Withdrawn
*Guaranteed by Tata Power
Coastal Gujarat Power Ltd               LT Loan            CRISIL A-      38642   Reaffirmed
Coastal Gujarat Power Ltd               CC & WC demand     CRISIL AA-(SO) 500     Reaffirmed
                                        loan*^
*Guaranteed by Tata Power
^ One-way interchangeability from cash credit to letter of credit/buyers credit
D F M Foods Ltd                         CC                 CRISIL BBB+    115     Reaffirmed
(Issuer Not Cooperating)
D F M Foods Ltd                         Proposed LT Bk     CRISIL BBB+    0.1     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)

D F M Foods Ltd                         TL                 CRISIL BBB+    383     Reaffirmed
(Issuer Not Cooperating)
Edelweiss Housing Finance Ltd           LT Bk Fac^         CRISIL AA      7150    Reaffirmed
^Interchangeable between short term and long term
Edelweiss Housing Finance Ltd           Overdraft          CRISIL AA      1200    Reaffirmed
Edelweiss Housing Finance Ltd           Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac^
^Interchangeable between short term and long term
Edelweiss Housing Finance Ltd           NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Housing Finance Ltd           NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Housing Finance Ltd           Subordinated Debt  CRISIL AA      2000    Reaffirmed
Geethalaya Exports                      LT Loan            CRISIL BBB-    82      Reaffirmed
(Issuer Not Cooperating)
Geethalaya Exports                      Proposed LT Bk     CRISIL BBB-    7.5     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Goel Solvents                           TL                 CRISIL B+      20      Assigned
Goel Solvents                           CC                 CRISIL B+      40      Assigned
Goel Solvents                           Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
Ideal Movers Pvt Ltd                    CC                 CRISIL BB+     1300    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Ideal Movers Pvt Ltd                    Proposed FB Bk     CRISIL BB+     327.8   Downgraded
                                        Limits                                    from CRISIL
                                                                                  BBB-
Ideal Movers Pvt Ltd                    TL                 CRISIL BB+     1414.7  Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Indian Terrain Fashions Ltd             CC                 CRISIL BBB+    375     Upgraded from
                                                                                  CRISIL BBB
Indian Terrain Fashions Ltd             Proposed LT Bk     CRISIL BBB+    250     Upgraded from
                                        Loan Fac                                  CRISIL BBB
Jinaams Dress Ltd                       CC                 CRISIL BB+     300     Reaffirmed
Jinaams Dress Ltd                       TL                 CRISIL BB+     67.6    Reaffirmed
Kogta Financial India Ltd               Subordinated NCDs  CRISIL BBB-    150     Reaffirmed
Krish Infratel Pvt Ltd                  CC                 CRISIL BB-     56.6    Assigned
Krish Infratel Pvt Ltd                  Proposed FB Bk     CRISIL BB-     0.4     Assigned
                                        Limits
LC Infra Projects Pvt Ltd               CC                 CRISIL BBB     150     Reaffirmed
Leather Crafts India Pvt Ltd            CC                 CRISIL BBB     60      Reaffirmed
Leather Crafts India Pvt Ltd            Proposed LT Bk     CRISIL BBB     115     Reaffirmed
                                        Loan Fac
Leather Crafts India Pvt Ltd            TL                 CRISIL BBB     5       Reaffirmed
M.N.S. Metal and Profiles Pvt Ltd       CC                 CRISIL BBB-    180     Reaffirmed
Malkani Alloys                          TL                 CRISIL B+      43.2    Assigned
Malkani Alloys                          CC                 CRISIL B+      20      Assigned
Malkani Alloys                          Proposed LT Bk     CRISIL B+      36.8    Assigned
                                        Loan Fac
Meta Rolls and Commodities Pvt Ltd      CC                 CRISIL BBB-    350     Reaffirmed
(Issuer Not Cooperating)
Meta Rolls and Commodities Pvt Ltd      Proposed LT Bk     CRISIL BBB-    223     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Meta Rolls and Commodities Pvt Ltd      TL                 CRISIL BBB-    390     Reaffirmed
(Issuer Not Cooperating)
New Jammu Kashmir Rolling Mills         CC                 CRISIL B+      150     Assigned
P G Industry Ltd                        Buyer`s Credit     CRISIL BB-     75      Reaffirmed
P G Industry Ltd                        CC                 CRISIL BB-     150     Reaffirmed
Prerana Hospital Ltd                    CC                 -              50      Withdrawn
Prerana Hospital Ltd                    LT Loan            -              385     Withdrawn
Prerana Hospital Ltd                    Overdraft          -              25      Withdrawn
R R Durafabs Pvt Ltd                    Overdraft          CRISIL B-      50      Reaffirmed
S. J. Logistics India Ltd               CC                 CRISIL B+      170     Assigned
S. J. Logistics India Ltd               Proposed FB Bk     CRISIL B+      110     Assigned
                                        Limits
Shree Gajkeshri Fabrics                 CC                 CRISIL B+      30      Reaffirmed
Shree Gajkeshri Fabrics                 LT Loan            CRISIL B+      75      Reaffirmed
Shree Gajkeshri Fabrics                 Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Shri Dnyaneshwar Sahakari Sakhar        Rupee TL           CRISIL BB-     150     Upgraded from
Karkhana Ltd                                                                      CRISIL B+
Shri Dnyaneshwar Sahakari Sakhar        Sugar Pledge CC    CRISIL BB-     700     Upgraded from
Karkhana Ltd                                                                      CRISIL B+
Sri Sowbhagyalakshmi Paddy Boiling      CC                 CRISIL BB      200     Reaffirmed
Industries
Sri Sowbhagyalakshmi Paddy Boiling      LT Loan            CRISIL BB      10      Reaffirmed
Industries
Stanfab Apparels Pvt Ltd                LT Loan            CRISIL BBB-    70      Reaffirmed
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                Proposed LT Bk     CRISIL BBB-    37.3    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                Standby Line of    CRISIL BBB-    55      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Stanfab Apparels Pvt Ltd                TL                 CRISIL BBB-    65      Reaffirmed
(Issuer Not Cooperating)
Stellar Marine Foods                    Packing Credit     -              71      Rating
                                                                                  Reaffirmed
                                                                                  and Withdrawn
Suman Jaiswal                           CC                 CRISIL BB-     60      Assigned
Sundaram Mahadeo Autoworld Pvt Ltd      CC                 CRISIL B+      45      Upgraded from
                                                                                  CRISIL B
Sundaram Mahadeo Autoworld Pvt Ltd      TL                 CRISIL B+      25      Upgraded from
                                                                                  CRISIL B
Tirupati Structurals Ltd                CC                 CRISIL BBB+    140     Reaffirmed
Tirupati Structurals Ltd                CC & WC demand loanCRISIL BBB+    70      Reaffirmed
Tirupati Structurals Ltd                LT Loan            CRISIL BBB+    20      Reaffirmed
Triton Valves Ltd                       CC                 CRISIL BBB+    420     Reaffirmed
Triton Valves Ltd                       LT Loan            CRISIL BBB+    166.9   Reaffirmed
Triton Valves Ltd                       Proposed FB Bk     CRISIL BBB+    13.1    Reaffirmed
                                        Limits
Triton Valves Ltd                       Proposed TL        CRISIL BBB+    50      Reaffirmed
Uttorayon Tea Industries Pvt Ltd        CC                 CRISIL B+      24.5    Reaffirmed
Uttorayon Tea Industries Pvt Ltd        LT Loan            CRISIL B+      57.5    Reaffirmed
Uttorayon Tea Industries Pvt Ltd        Proposed LT Bk     CRISIL B+      1       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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