Reuters logo
CRISIL ratings for Indian debt instruments-Aug 31
August 31, 2017 / 7:30 AM / 20 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, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABB India Ltd                           LOC & BG           CRISIL A1+     60000   Reaffirmed
ABB India Ltd                           CP                 CRISIL A1+     1000    Reaffirmed
Aditi Infrabuild and Services Ltd       BG                 CRISIL A4+     165     Reaffirmed
Arjan Dass and Sons Pvt Ltd             LOC                CRISIL A4      20      Assigned
B.K.S.Textiles Pvt Ltd                  Foreign            CRISIL A4+     180     Reaffirmed
                                        Discounting Bill
                                        Purchase
B.K.S.Textiles Pvt Ltd                  Packing Credit     CRISIL A4+     120     Reaffirmed
Bank of Maharashtra                     CD                 CRISIL A1+     15000   Reaffirmed
(Reduced from Rs.15000 Crore)
Bhandari Hosiery Exports Ltd            BG                 CRISIL A3+     3       Reaffirmed
Bhandari Hosiery Exports Ltd            Foreign Exchange   CRISIL A3+     2.7     Reaffirmed
                                        Forward
Chandrashekaraiah                       BG                 CRISIL A4      35      Reaffirmed
Issuer Not Cooperating
Cube Construction Engineering Ltd       BG                 CRISIL A2+     3400    Reaffirmed
Divya Jewellers Pvt Ltd                 Bill Discounting   CRISIL A2+     20      Reaffirmed
Divya Jewellers Pvt Ltd                 LOC & BG           CRISIL A2+     85      Reaffirmed
Divya Jewellers Pvt Ltd                 Packing Credit     CRISIL A2+     55      Reaffirmed
Epitome Plast-O-Pack Pvt Ltd            LOC                CRISIL A4      45      Reaffirmed
Issuer Not Cooperating
Fidelity Contracts and Services Pvt Ltd BG                 CRISIL A4+     50      Assigned
Focus Infra Solutions                   Proposed ST Bk     CRISIL A4+     20      Assigned
                                        Loan Fac
Focus Infra Solutions                   BG                 CRISIL A4+     30      Assigned
GDN Enterprises Pvt Ltd                 Proposed ST Bk     CRISIL A4+     504.4   Downgraded
                                        Loan Fac                                  from CRISIL A3
Issuer Not Cooperating
GTPL Hathway Ltd                        Factoring/         CRISIL A2+     200     Reaffirmed
                                        Forfaiting
GTPL Hathway Ltd                        Overdraft          CRISIL A2+     200     Reaffirmed
Inca Hammock Manufacturing and Export   BG                 CRISIL A4+     10      Reaffirmed
Pvt Ltd
Inca Hammock Manufacturing and Export   LOC                CRISIL A4+     15      Reaffirmed
Pvt Ltd
Indian Immunologicals Ltd               LOC & BG           CRISIL A1+     300     Reaffirmed
Indian Immunologicals Ltd               ST Debt (Including CRISIL A1+     1500    Reaffirmed
                                        CP)
Jodhpur Health Care Pvt Ltd             BG                 CRISIL A4      2       Reaffirmed
KVN Impex Pvt Ltd                       LOC                CRISIL A4+     1175    Reaffirmed
Maco Corporation India Pvt Ltd          LOC & BG           CRISIL A2+     350     Upgraded from
                                                                                  CRISIL A2
Maco Corporation India Pvt Ltd          Proposed NFBL      CRISIL A2+     150     Upgraded from
                                                                                  CRISIL A2
Magnum Export                           Bill Discounting   CRISIL A4      300     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Magnum Export                           Packing Credit     CRISIL A4      450     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Malwi Ship Breaking Co                  LOC                CRISIL A4+     530     Reaffirmed
Malwi Ship Breaking Co                  Proposed ST Bk     CRISIL A4+     70      Reaffirmed
                                        Loan Fac
Mantralaya Impex                        BG                 CRISIL A4+     40      Assigned
Medhaj Techno Concept Pvt Ltd           Proposed ST Bk     CRISIL A2      130     Assigned
                                        Loan Fac
Medhaj Techno Concept Pvt Ltd           BG                 CRISIL A2      195     Assigned
Medibios Laboratories Pvt Ltd           BG                 CRISIL A3      2.5     Upgraded from
                                                                                  CRISIL A4+
Medibios Laboratories Pvt Ltd           LOC                CRISIL A3      25      Upgraded from
                                                                                  CRISIL A4+
Medicare T P A Services I Pvt Ltd       BG                 CRISIL A4+     85      Reaffirmed
Issuer Not Cooperating
Mega Rubber Technologies Pvt Ltd        BG                 CRISIL A2      3       Reaffirmed
Mega Rubber Technologies Pvt Ltd        Foreign Exchange   CRISIL A2      20      Reaffirmed
                                        Forward
Mega Rubber Technologies Pvt Ltd        LOC                CRISIL A2      30      Reaffirmed
Midas Treads India Pvt Ltd              LOC                CRISIL A1      100     Reaffirmed
Midas Treads India Pvt Ltd              Packing Credit     CRISIL A1      170     Reaffirmed
National Steel Suppliers                BG                 CRISIL A4      40      Reaffirmed
National Steel Suppliers                Overdraft          CRISIL A4      100     Reaffirmed
Nimma Narayan Engineers And Contractors BG                 CRISIL A4+     185     Reaffirmed
Nimma Narayan Engineers And Contractors Overdraft          CRISIL A4+     9       Reaffirmed
Power Finance Corporation Ltd           ST Borrowing       CRISIL A1+     150000  Reaffirmed
                                        Programme*
'*Borrowing programme for fiscal 2018. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs 36000 crore at any point in time
during fiscal 2018. The long-term borrowing programme includes tax-free bonds under Section 10
of the Income Tax Act 1961. 
Power Finance Corporation Ltd           ST Borrowing       CRISIL A1+     320000  Reaffirmed
                                        Programme~
bank borrowing and borrowings under the rated long-term bonds programme not to exceed Rs 60,000
crore at any point in time during fiscal 2017. The long-term borrowing programme includes
tax-free bonds under Section 10 of the Income Tax Act 1961 and Rs 5000 crore of extra budgetary
resources to be raised on behalf of the Ministry of Power. 
Prakasam Heavy Engineering Pvt Ltd      BG                 CRISIL A4      225     Assigned
Precia Molen India Pvt Ltd              BG                 CRISIL A3+     30      Assigned

R G Scientific Enterprises Pvt Ltd      Overdraft          CRISIL A4      30      Assigned
Rajaram Solvex Ltd                      BG                 CRISIL A4+     25      Reaffirmed
Riga Ceramica Pvt Ltd                   BG                 CRISIL A4      12      Reaffirmed
Sangeeta Poly Pack Pvt Ltd              BG                 CRISIL A3+     2       Reaffirmed
Sangeeta Poly Pack Pvt Ltd              LOC & BG           CRISIL A3+     20      Reaffirmed
Shiva Lokenath Rice Mills Pvt Ltd       BG                 CRISIL A4      3       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shrimati Urmila Devi Mehgaiya Paropkari BG                 CRISIL A4      50      Reaffirmed
Trust
Issuer Not Cooperating
Shyam Godavari Steels Pvt Ltd           Proposed NFBL      CRISIL A4+     8       Assigned
Sleek Knitwears                         LOC                CRISIL A4+     10      Reaffirmed
Sri Vyshnavi Foods Pvt Ltd              Overdraft          CRISIL A4+     60      Assigned
Superb Minerals India Pvt Ltd           BG                 CRISIL A4+     3.7     Reaffirmed
Issuer Not Cooperating
Superb Minerals India Pvt Ltd           Post Shipment      CRISIL A4+     15      Reaffirmed
                                        Credit
Issuer Not Cooperating
Superb Minerals India Pvt Ltd           ST Loan            CRISIL A4+     10      Reaffirmed
Issuer Not Cooperating
Surface Engineering Pvt Ltd             BG                 CRISIL A4+     50      Assigned
Teleecare Network India Pvt Ltd         LOC                CRISIL A4+     1250    Downgraded
                                                                                  from CRISIL A3
Issuer Not Cooperating
Uttam Sucrotech International Pvt Ltd   BG                 CRISIL A4+     1486.4  Reaffirmed
Vashi Electricals Pvt Ltd               Overdraft          CRISIL A2+     145     Reaffirmed
Viva Infraventure Pvt Ltd               BG                 CRISIL A4      45      Reaffirmed
Vishnuraam Textiles Ltd                 BG                 CRISIL D       1.1     Downgraded
                                                                                  from CRISIL A4
Vishnuraam Textiles Ltd                 LOC                CRISIL D       27.5    Downgraded
                                                                                  from CRISIL A4
Webcot                                  BG                 CRISIL A3      5       Upgraded from
                                                                                  CRISIL A4+
Webcot                                  LOC                CRISIL A3      15      Upgraded from
                                                                                  CRISIL A4+
Webcot                                  Packing Credit in  CRISIL A3      15      Upgraded from
                                        Foreign Currency                          CRISIL A4+


LONG TERM RATINGS:
-------------------

ABB India Ltd                           Overdraft*         CRISIL AAA     15000   Reaffirmed
*Interchangeable with short-term loan and working capital demand loan
ABB India Ltd                           NCD                CRISIL         6000    Reaffirmed
                                                           AAA/Stable
Aditi Infrabuild and Services Ltd       CC                 CRISIL BB-     150     Downgraded
                                                                                  from CRISIL BB
Aditya Motors                           CC                 CRISIL B       6       Reaffirmed
Issuer Not Cooperating
Aditya Motors                           Inventory Funding  CRISIL B       50      Reaffirmed
                                        Fac
Issuer Not Cooperating
Akola Municipal Corporation             Corporate Credit   CCR BB+        -       Assigned
                                        Rating
Al Manama Retail Pvt Ltd                CC                 CRISIL BB-     119     Upgraded from
                                                                                  CRISIL B+
Issuer Not Cooperating
Al Manama Retail Pvt Ltd                Proposed LT Bk     CRISIL BB-     63.3    Upgraded from
                                        Loan Fac                                  CRISIL B+
Issuer Not Cooperating
Al Manama Retail Pvt Ltd                TL                 CRISIL BB-     57.7    Upgraded from
                                                                                  CRISIL B+
Issuer Not Cooperating
Anithaa Weaving Mill Pvt Ltd            CC                 CRISIL BB+     70      Reaffirmed
Issuer Not Cooperating
Anithaa Weaving Mill Pvt Ltd            Export Packing     CRISIL BB+     10      Reaffirmed
                                        Credit
Issuer Not Cooperating
Anithaa Weaving Mill Pvt Ltd            LT Loan            CRISIL BB+     38.7    Reaffirmed
Issuer Not Cooperating
Archana Oil Industries                  CC                 CRISIL BB      120     Reaffirmed
Arjan Dass and Sons Pvt Ltd             CC                 CRISIL B       80      Assigned
B.K.S.Textiles Pvt Ltd                  CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL BB
B.K.S.Textiles Pvt Ltd                  LT Loan            CRISIL BB-     53.3    Downgraded
                                                                                  from CRISIL BB
Bank of Maharashtra                     Upper Tier-II      CRISIL         4000    Downgraded
                                        Bonds (Under Basel A/Negative             from CRISIL A+
                                        II)
Bank of Maharashtra                     Perpetual Tier-I   CRISIL         700     Downgraded
                                        Bonds (Under Basel A/Negative             from CRISIL A+
                                        II)
Bank of Maharashtra                     Lower Tier-II      CRISIL         13300   Downgraded
                                        Bonds (Under Basel A+/Negative            from CRISIL
                                        II)                                       AA-
Bank of Maharashtra                     Tier-I Bonds       CRISIL         10000   Downgraded
                                        (Under Basel III)  BBB+/Negative          from CRISIL A-
Bhandari Hosiery Exports Ltd            CC                 CRISIL BBB     520     Reaffirmed
Bhandari Hosiery Exports Ltd            LT Loan            CRISIL BBB     127.3   Reaffirmed
Bhandari Hosiery Exports Ltd            Standby Line of    CRISIL BBB     20      Reaffirmed
                                        Credit
Bhandari Hosiery Exports Ltd            TL                 CRISIL BBB     157     Reaffirmed
Birthplace Healthcare Pvt Ltd           Overdraft          CRISIL B       25      Reaffirmed
Birthplace Healthcare Pvt Ltd           Proposed LT Bk     CRISIL B       11      Reaffirmed
                                        Loan Fac
Birthplace Healthcare Pvt Ltd           TL                 CRISIL B       104     Reaffirmed
Chandrashekaraiah                       CC                 CRISIL B       70      Reaffirmed
Issuer Not Cooperating
Cube Construction Engineering Ltd       CC                 CRISIL A-      900     Reaffirmed
Cube Construction Engineering Ltd       Proposed LT Bk     CRISIL A-      43.4    Reaffirmed
                                        Loan Fac
Cube Construction Engineering Ltd       WC Demand Loan     CRISIL A-      86.6    Reaffirmed
Dharti Cotton Industries                CC                 CRISIL D       55      Reaffirmed
Issuer Not Cooperating
Emil Pharmaceutical Industries Pvt Ltd  Export Packing     CRISIL BBB-    110     Upgraded from
                                        Credit                                    CRISIL BB+
Epitome Plast-O-Pack Pvt Ltd            CC                 CRISIL B-      30      Reaffirmed
Issuer Not Cooperating
Epitome Plast-O-Pack Pvt Ltd            Proposed LT Bk     CRISIL B-      62.5    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Epitome Plast-O-Pack Pvt Ltd            TL                 CRISIL B-      32.5    Reaffirmed
Issuer Not Cooperating
Epitome Plast-O-Pack Pvt Ltd            WC TL              CRISIL B-      30      Reaffirmed
Issuer Not Cooperating
EPP Composites Pvt Ltd                  CC                 CRISIL BB      170     Upgraded from
                                                                                  CRISIL BB-
EPP Composites Pvt Ltd                  TL                 CRISIL BB      230     Upgraded from
                                                                                  CRISIL BB-
Fidelity Contracts and Services Pvt Ltd Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
Fidelity Contracts and Services Pvt Ltd CC                 CRISIL BB      20      Assigned
Focus Infra Solutions                   CC                 CRISIL BB      30      Assigned
GDN Enterprises Pvt Ltd                 TL                 CRISIL BB      45.6    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
General Rubbers                         CC                 CRISIL A       100     Reaffirmed
Global Printing and Packaging Company   CC                 CRISIL BBB     70      Upgraded from
Pvt Ltd                                                                           CRISIL BBB-
Global Printing and Packaging Company   Proposed LT Bk     CRISIL BBB     180     Upgraded from
Pvt Ltd                                 Loan Fac                                  CRISIL BBB-
Gourav Roshni Ltd                       CC                 CRISIL B       50      Upgraded from
                                                                                  CRISIL D
Grand Hyundai                           CC                 CRISIL B+      30      Reaffirmed
Grand Hyundai                           Inventory Funding  CRISIL B+      92      Reaffirmed
                                        Fac
Grand Hyundai                           TL                 CRISIL B+      8       Reaffirmed
Grand Motors Sales and Services Pvt Ltd CC                 CRISIL B+      230     Reaffirmed
Grand Motors Sales and Services Pvt Ltd Inventory Funding  CRISIL B+      20      Reaffirmed
                                        Fac
Greenbilt Industries Pvt Ltd            Proposed LT Bk     CRISIL B       210     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
GTPL Hathway Ltd                        CC/ Overdraft Fac  CRISIL A-      360     Reaffirmed
GTPL Hathway Ltd                        LT Loan            CRISIL A-      1642.6  Reaffirmed
GTPL Hathway Ltd                        Proposed LT Bk     CRISIL A-      1097.4  Reaffirmed
                                        Loan Fac
Helpage Youth Foundation                Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Hotel Dee Emm Residency                 Proposed LT Bk     CRISIL B       1       Reaffirmed
                                        Loan Fac
Hotel Dee Emm Residency                 Rupee TL           CRISIL B       99      Reaffirmed
IB Commercial Pvt Ltd                   Proposed LT Bk     CRISIL D       1.6     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
IB Commercial Pvt Ltd                   WC Demand Loan     CRISIL D       578.4   Reaffirmed
Issuer Not Cooperating
Imperial Merchants Pvt Ltd              Buyer`s Credit     CRISIL BB+     230     Upgraded from
                                                                                  CRISIL BB
Imperial Merchants Pvt Ltd              Overdraft          CRISIL BB+     120     Upgraded from
                                                                                  CRISIL BB
Imperial Merchants Pvt Ltd              Proposed LT Bk     CRISIL BB+     150     Upgraded from
                                        Loan Fac                                  CRISIL BB
Inca Hammock Manufacturing and Export   Export Packing     CRISIL BB-     111     Reaffirmed
Pvt Ltd                                 Credit
Inca Hammock Manufacturing and Export   Foreign Bill       CRISIL BB-     64      Reaffirmed
Pvt Ltd                                 Discounting
Inca Hammock Manufacturing and Export   Proposed WC Fac    CRISIL BB-     20      Reaffirmed
Pvt Ltd
Inca Hammock Manufacturing and Export   Proposed LT Bk     CRISIL BB-     15      Reaffirmed
Pvt Ltd                                 Loan Fac
Indian Immunologicals Ltd               CC                 CRISIL AA-     900     Reaffirmed
Indian Immunologicals Ltd               Proposed TL        CRISIL AA-     66      Reaffirmed
Indian Immunologicals Ltd               TL                 CRISIL AA-     484     Reaffirmed
Indian Immunologicals Ltd               CC*                CRISIL AA-     650     Reaffirmed
*Interchangeable with export packing credit and working capital demand loan

Indian Immunologicals Ltd               CC#                CRISIL AA-     100     Reaffirmed
#Interchangeable with export packing credit, working capital demand loan, and letter of
credit/bank guarantee
Indianoil Skytanking Pvt Ltd            Foreign Currency TLCRISIL AA-     146     Reaffirmed
Indianoil Skytanking Pvt Ltd            Proposed LT Bk     CRISIL AA-     494     Reaffirmed
                                        Loan Fac
Indianoil Skytanking Pvt Ltd            Rupee TL           CRISIL AA-     60      Reaffirmed
Indus Motors Light Commercial Vehicles  CC                 CRISIL B       7.5     Reaffirmed
Pvt Ltd
Indus Motors Light Commercial Vehicles  Inventory Funding  CRISIL B       50      Reaffirmed
Pvt Ltd                                 Fac
Indus Motors Light Commercial Vehicles  LT Loan            CRISIL B       2.7     Reaffirmed
Pvt Ltd
Indus Motors Light Commercial Vehicles  Overdraft          CRISIL B       70      Reaffirmed
Pvt Ltd
Indus Motors Light Commercial Vehicles  Proposed LT Bk     CRISIL B       9.8     Reaffirmed
Pvt Ltd                                 Loan Fac
Jai Maa Jagdamba Flour Pvt Ltd          CC                 CRISIL D       200     Reaffirmed
Issuer Not Cooperating
Jay Plast International                 CC                 CRISIL B+      40      Assigned
Jay Plast International                 TL                 CRISIL B+      30      Assigned
Jodhpur Health Care Pvt Ltd             Overdraft          CRISIL B-      95      Downgraded
                                                                                  from CRISIL B
Jodhpur Health Care Pvt Ltd             Proposed LT Bk     CRISIL B-      61.2    Downgraded
                                        Loan Fac                                  from CRISIL B
Jodhpur Health Care Pvt Ltd             TL                 CRISIL B-      276.8   Downgraded
                                                                                  from CRISIL B
K.G.P. Gold Palace                      Proposed LT Bk     CRISIL BB-     40      Assigned
                                        Loan Fac
K.G.P. Gold Palace                      CC                 CRISIL BB-     90      Assigned
K.G.P. Gold Palace                      Proposed CC Limit  CRISIL BB-     20      Assigned
Kamadhenu Feeds Pvt Ltd                 CC                 CRISIL BB      200     Reaffirmed
Issuer Not Cooperating
KB Board Mills LLP                      CC                 CRISIL BB-     50      Reaffirmed
Issuer Not Cooperating
KB Board Mills LLP                      Proposed TL        CRISIL BB-     7.8     Reaffirmed
Issuer Not Cooperating
KB Board Mills LLP                      TL                 CRISIL BB-     2.2     Reaffirmed
Issuer Not Cooperating
Kenz Inn Commercial Complex Ltd         Proposed TL        CRISIL B       1500    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Keshav Enterprises                      LOC                CRISIL D       140     Reaffirmed
Issuer Not Cooperating
Keshav Ginning and Pressing Factory     CC                 CRISIL BB      150     Reaffirmed
Keshav Ginning and Pressing Factory     Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
KGP Jewellers                           TL                 CRISIL BB-     13.7    Assigned
KGP Jewellers                           Proposed LT Bk     CRISIL BB-     46.3    Assigned
                                        Loan Fac
KGP Jewellers                           CC                 CRISIL BB-     100     Assigned
KGP Jewellers                           Proposed CC Limit  CRISIL BB-     20      Assigned
KVN Impex Pvt Ltd                       CC                 CRISIL BB      100     Reaffirmed
M. C. K. Kutty Engineers Pvt Ltd        Proposed CC Limit  CRISIL BB      30      Reaffirmed
Issuer Not Cooperating
M. C. K. Kutty Engineers Pvt Ltd        Proposed Rupee TL  CRISIL BB      20      Reaffirmed
Issuer Not Cooperating
Mahua Bharatpur Expressways Ltd         NCD                ^Provisional   1920    Assigned
                                                           CRISIL AAA(SO
^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with a May 6, 2015, directive by the Securities and Exchange Board of India (SEBI),
'Standardising the term, rating symbol, and manner of disclosure with regard to conditional/
provisional/ in-principle ratings assigned by credit rating agencies (CRAs)' 
Malnad Cashews                          CC/ Overdraft Fac  CRISIL BB      95      Reaffirmed
Issuer Not Cooperating
Mansarovar Trade Link                   CC                 CRISIL B       70      Reaffirmed
Issuer Not Cooperating
Mantralaya Impex                        LT Loan            CRISIL BB      30      Assigned
Mantralaya Impex                        CC                 CRISIL BB      50      Assigned
Medhaj Techno Concept Pvt Ltd           Overdraft          CRISIL BBB+    25      Assigned
Medibios Laboratories Pvt Ltd           CC                 CRISIL BBB-    80      Upgraded from
                                                                                  CRISIL BB+
Medibios Laboratories Pvt Ltd           TL                 CRISIL BBB-    52.5    Upgraded from
                                                                                  CRISIL BB+
Medibios Laboratories Pvt Ltd           WC TL              CRISIL BBB-    30      Upgraded from
                                                                                  CRISIL BB+
Medicare T P A Services I Pvt Ltd       CC                 CRISIL BB      25      Reaffirmed
Issuer Not Cooperating
Medicare T P A Services I Pvt Ltd       Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Mega Rubber Technologies Pvt Ltd        CC                 CRISIL BBB+    360     Reaffirmed
Mega Rubber Technologies Pvt Ltd        Proposed LT Bk     CRISIL BBB+    60.7    Reaffirmed
                                        Loan Fac
Mega Rubber Technologies Pvt Ltd        TL                 CRISIL BBB+    312.3   Reaffirmed
Mehta and Sons                          CC                 CRISIL BB      95      Reaffirmed
Midas Treads India Pvt Ltd              Packing Credit     CRISIL A       30      Reaffirmed
Millennium Boards Pvt Ltd               CC                 CRISIL BBB-    150     Assigned
Millennium Boards Pvt Ltd               Rupee TL           CRISIL BBB-    270     Assigned
MPS Telecom Retail Pvt Ltd              Proposed LT Bk     CRISIL BB      300     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
MPS Telecom Retail Pvt Ltd              TL                 CRISIL BB      300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Naachiyars                              CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Naachiyars                              LT Loan            CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
National Steel Suppliers                CC                 CRISIL B-      100     Reaffirmed
Nimma Narayan Engineers And Contractors CC                 CRISIL BB      7.5     Reaffirmed
Pacifica Builders Pvt Ltd               Proposed LT Bk     CRISIL BBB     150     Reaffirmed
                                        Loan Fac
Pacifica Builders Pvt Ltd               TL                 CRISIL BBB     950     Reaffirmed
Power Finance Corporation Ltd           LT Borrowing       CRISIL AAA     360000  Reaffirmed
                                        Programme*
'*Borrowing programme for fiscal 2018. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs 36000 crore at any point in time
during fiscal 2018. The long-term borrowing programme includes tax-free bonds under Section 10
of the Income Tax Act 1961. 
Power Finance Corporation Ltd           LT Borrowing       CRISIL AAA     600000  Reaffirmed
                                        Programme~
'~Borrowing programme for fiscal 2017. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs 60,000 crore at any point in time
during fiscal 2017. The long-term borrowing programme includes tax-free bonds under Section 10
of the Income Tax Act 1961 and Rs 5000 crore of extra budgetary resources to be raised on behalf
of the Ministry of Power. 
Power Finance Corporation Ltd           Subordinated NCDs  CRISIL AAA     150000  Reaffirmed
Power Finance Corporation Ltd           Bonds              CRISIL AAA     1669673 Reaffirmed
Prakasam Heavy Engineering Pvt Ltd      Overdraft          CRISIL B       50      Assigned
Precia Molen India Pvt Ltd              Proposed CC Limit  CRISIL BBB     5       Assigned
Precia Molen India Pvt Ltd              Proposed BG        CRISIL BBB     50      Assigned
Precia Molen India Pvt Ltd              CC                 CRISIL BBB     15      Assigned
PSN Motors Pvt Ltd                      CC                 CRISIL D       48      Reaffirmed
Issuer Not Cooperating
PSN Motors Pvt Ltd                      Overdraft          CRISIL D       7.5     Reaffirmed
Issuer Not Cooperating
PSN Motors Pvt Ltd                      Proposed LT Bk     CRISIL D       31.6    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
PSN Motors Pvt Ltd                      TL                 CRISIL D       2.9     Reaffirmed
Issuer Not Cooperating
Purushottam Narayan Gadgil Saraf and    CC                 CRISIL BBB+    400     Reaffirmed
Jewellers
R G Scientific Enterprises Pvt Ltd      CC                 CRISIL B+      100     Reaffirmed
Removed from 'Issuer Not Cooperating
R G Scientific Enterprises Pvt Ltd      Overdraft          CRISIL B+      45      Reaffirmed
Removed from 'Issuer Not Cooperating
R G Scientific Enterprises Pvt Ltd      TL                 CRISIL B+      57      Reaffirmed
Removed from 'Issuer Not Cooperating
R G Scientific Enterprises Pvt Ltd      WC TL              CRISIL B+      18      Assigned
Removed from 'Issuer Not Cooperating
Radhika Jewels                          CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Rajaram Solvex Ltd                      CC                 CRISIL BB+     219     Reaffirmed
Riga Ceramica Pvt Ltd                   CC                 CRISIL B       27.5    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Riga Ceramica Pvt Ltd                   Proposed LT Bk     CRISIL B       0.7     Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Riga Ceramica Pvt Ltd                   TL                 CRISIL B       59.8    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
S.R.R. Impex                            CC                 CRISIL B+      35.5    Reaffirmed
S.R.R. Impex                            TL                 CRISIL B+      33      Reaffirmed
Sangeeta Poly Pack Pvt Ltd              CC                 CRISIL BBB     140     Reaffirmed
Sangeeta Poly Pack Pvt Ltd              Rupee TL           CRISIL BBB     64      Reaffirmed
Sangeeta Poly Pack Pvt Ltd              TL                 CRISIL BBB     7.6     Reaffirmed
Sansar Texturisers Pvt Ltd              CC                 CRISIL B-      350     Upgraded from
                                                                                  CRISIL D
Satyam Green Energy                     TL                 CRISIL D       60      Reaffirmed
Issuer Not Cooperating
Shanti Ispat Ltd                        TL                 CRISIL B-      114.5   Reaffirmed
Issuer Not Cooperating
Shiva Lokenath Rice Mills Pvt Ltd       CC                 CRISIL B+      140     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shiva Lokenath Rice Mills Pvt Ltd       Proposed TL        CRISIL B+      95.4    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shiva Lokenath Rice Mills Pvt Ltd       Proposed FB Bk     CRISIL B+      1.6     Assigned;
                                        Limits                                    Suspension
                                                                                  Revoked
Shiva Lokenath Rice Mills Pvt Ltd       Proposed CC Limit  CRISIL B+      50      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shiva Lokenath Rice Mills Pvt Ltd       Proposed BG        CRISIL B+      10      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivadarshan Agro Industries            CC                 CRISIL BB-     80      Reaffirmed
Issuer Not Cooperating
Shivadarshan Agro Industries            Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Shrimati Urmila Devi Mehgaiya Paropkari TL                 CRISIL C       10      Reaffirmed
Trust
Issuer Not Cooperating
Shyam Godavari Steels Pvt Ltd           CC                 CRISIL BB-     42      Assigned
Shyam Godavari Steels Pvt Ltd           Proposed FB Bk     CRISIL BB-     50      Assigned
                                        Limits
Sleek Knitwears                         Overdraft          CRISIL BB-     425     Reaffirmed
Sleek Knitwears                         TL                 CRISIL BB-     25      Reaffirmed
Sravani Raw & Boiled Rice Mill          CC                 CRISIL B-      40      Reaffirmed
Issuer Not Cooperating
Sravani Raw & Boiled Rice Mill          LT Loan            CRISIL B-      20      Reaffirmed
Issuer Not Cooperating
Sravani Raw & Boiled Rice Mill          Proposed CC Limit  CRISIL B-      10      Reaffirmed
Issuer Not Cooperating
Sri Vyshnavi Dairy Specialities Pvt Ltd TL                 CRISIL BB-     30.9    Assigned
Sri Vyshnavi Dairy Specialities Pvt Ltd CC                 CRISIL BB-     60      Assigned
Sri Vyshnavi Dairy Specialities Pvt Ltd Proposed LT Bk     CRISIL BB-     49.1    Assigned
                                        Loan Fac
Sri Vyshnavi Foods Pvt Ltd              TL                 CRISIL BB-     28      Assigned
Sri Vyshnavi Foods Pvt Ltd              Proposed LT Bk     CRISIL BB-     72      Assigned
                                        Loan Fac
Superb Minerals India Pvt Ltd           CC                 CRISIL BB-     15      Reaffirmed
Issuer Not Cooperating
Superb Minerals India Pvt Ltd           Packing Credit     CRISIL BB-     15      Reaffirmed
                                        (pre-shipment
                                        credit)
Issuer Not Cooperating
Surface Engineering Pvt Ltd             Overdraft          CRISIL BB-     25      Assigned
Tata Realty and Infrastructure Ltd      NCD                CRISIL         30000   Reaffirmed
                                                           AA/Stable
Teleecare Network India Pvt Ltd         Bill Discounting   CRISIL BB      150     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Teleecare Network India Pvt Ltd         CC                 CRISIL BB      415     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Teleecare Network India Pvt Ltd         Proposed LT Bk     CRISIL BB      21      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Teleecare Network India Pvt Ltd         TL                 CRISIL BB      14      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
The Kerala Khadi and Village Industries CC                 CRISIL BB-     109     Reaffirmed
Association
The Kerala Khadi and Village Industries TL                 CRISIL BB-     20      Reaffirmed
Association
The Kerala Khadi and Village Industries Proposed LT Bk     CRISIL BB-     21      Reaffirmed
Association                             Loan Fac
Tirupati Polymers                       CC                 CRISIL BB      55      Assigned
Tirupati Polymers                       TL                 CRISIL BB      20      Assigned
Tulasi Seeds Pvt Ltd                    CC                 CRISIL B+      500     Upgraded from
                                                                                  CRISIL B
Issuer Not Cooperating
Tulasi Seeds Pvt Ltd                    Proposed LT Bk     CRISIL B+      180     Upgraded from
                                        Loan Fac                                  CRISIL B
Issuer Not Cooperating
UMA Kraftpaper Pvt Ltd                  CC                 CRISIL B       17.5    Reaffirmed
Issuer Not Cooperating
UMA Kraftpaper Pvt Ltd                  TL                 CRISIL B       82.5    Reaffirmed
Issuer Not Cooperating
Uttam Sucrotech International Pvt Ltd   Proposed LT Bk     CRISIL BB+     13.6    Reaffirmed
                                        Loan Fac
V. G. Shipbreakers Pvt Ltd              CC                 CRISIL D       70      Reaffirmed
Issuer Not Cooperating
V. G. Shipbreakers Pvt Ltd              LOC                CRISIL D       80      Reaffirmed
Issuer Not Cooperating
Vamsadhara Ginning and Pressing         Proposed LT Bk     CRISIL B       50      Assigned
Industries                              Loan Fac
Vamsadhara Ginning and Pressing         CC                 CRISIL B       50      Assigned
Industries
Vamsadhara Ginning and Pressing         Proposed CC Limit  CRISIL B       70      Assigned
Industries
Vamsadhara Rice Industries              CC                 CRISIL B+      50      Assigned
Vamsadhara Rice Industries              Proposed LT Bk     CRISIL B+      20      Assigned
                                        Loan Fac
Vashi Electricals Pvt Ltd               CC                 CRISIL A-      550     Reaffirmed
Vashi Electricals Pvt Ltd               Channel Financing  CRISIL A-      30      Reaffirmed
Vashi Electricals Pvt Ltd               Proposed LT Bk     CRISIL A-      175     Reaffirmed
                                        Loan Fac
Vishnuraam Textiles Ltd                 LT Loan            CRISIL D       68.2    Downgraded
                                                                                  from CRISIL B
Vishnuraam Textiles Ltd                 CC                 CRISIL D       43      Downgraded
                                                                                  from CRISIL B
Viva Infraventure Pvt Ltd               Overdraft          CRISIL B+      5       Reaffirmed
Webcot                                  CC                 CRISIL BBB-    60      Upgraded from
                                                                                  CRISIL BB
Webcot                                  Proposed LT Bk     CRISIL BBB-    22      Upgraded from
                                        Loan Fac                                  CRISIL BB
Webcot                                  TL                 CRISIL BBB-    33      Upgraded from
                                                                                  CRISIL BB

--------------------------------------------------------------------------------------------
$: 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below