August 8, 2019 / 8:07 AM / 12 days ago

CRISIL ratings for Indian debt instruments-Aug 8

    Aug 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 7, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Concept Pharmaceuticals Ltd             BG                 CRISIL A3+     45      Migrated from
                                                                                  CRISIL A3+
Issuer Not Cooperating
Concept Pharmaceuticals Ltd             LOC                CRISIL A3+     80      Migrated from
                                                                                  CRISIL A3+
Issuer Not Cooperating
Creamline Dairy Products Ltd            ST Unsecured Loan  CRISIL A1+     600     -
DP Chocolates                           BG                 CRISIL A2      10      Reassigned
Dusters Total Solutions Services Pvt LtdBG                 CRISIL A2+     25      Assigned
G.C. Chemie Pharmie Ltd                 LOC$               CRISIL A2+     -       -
$Sublimit of Rs 1 crore towards bank guarantee; Interchangeable with buyer's credit
G.C. Chemie Pharmie Ltd                 LOC#               CRISIL A2+     300     -
#Sublimit of Rs 10 crore towards cash credit / WCDL
Geo Seafoods                            BG                 CRISIL A3      20      Reaffirmed
Henry and Farad Pvt Ltd                 BG                 CRISIL A4      95      Reaffirmed
Indian Immunologicals Ltd               LOC & BG           CRISIL A1+     600     Reaffirmed
Indian Immunologicals Ltd               CP                 CRISIL A1+     1500    Reaffirmed
Jagannath Textile Co. Ltd               BG                 CRISIL A4      12      Upgraded from
                                                                                  CRISIL D
Jagannath Textile Co. Ltd               LOC                CRISIL A4      5       Upgraded from
                                                                                  CRISIL D
Jagannath Textile Co. Ltd               Proposed ST Bk     CRISIL A4      147     Upgraded from
                                        Loan Fac                                  CRISIL D
Jitendra Singh                          BG                 CRISIL A4+     352.2   Reaffirmed
Jitendra Singh                          Overdraft          CRISIL A4+     115     Reaffirmed
Jitendra Singh                          Proposed NFBL      CRISIL A4+     12.8    Reaffirmed
JSW Severfield Structures Ltd           LOC & BG           CRISIL A2+     980     Assigned
JSW Severfield Structures Ltd           LOC                CRISIL A2+     3000    Assigned
JSW Severfield Structures Ltd           BG                 CRISIL A2+     4250    Assigned
Leotronic Scales Pvt Ltd                BG                 CRISIL A3      120     Reaffirmed
Levinza Ceramic Pvt Ltd                 BG                 CRISIL A4      8.5     Reaffirmed
Montage Enterprises Pvt Ltd             LOC & BG           CRISIL A3      1000    Downgraded
                                                                                  from CRISIL A2
Narmada Drinks Pvt Ltd                  Overdraft          CRISIL A2      90      Reaffirmed
NCC Infraspace Pvt Ltd                  BG                 CRISIL A3+     320     Reaffirmed
Orion Chem Pvt Ltd                      BG                 CRISIL A4+     20      Reaffirmed
Photon Energy Systems Ltd               BG                 CRISIL A4+     160     Reaffirmed
Photon Energy Systems Ltd               LOC                CRISIL A4+     300     Reaffirmed
Progressive Share Brokers Pvt Ltd       BG                 CRISIL A3      750     Withdrawn
Progressive Share Brokers Pvt Ltd       Proposed ST Bk     CRISIL A3      250     Withdrawn
                                        Loan Fac
R. N. Dobariya                          BG                 CRISIL A2      950     Reaffirmed
Sarala Foods Pvt Ltd                    Packing Credit     CRISIL A4      90      Revised from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Sendoz Commercials Pvt Ltd              LOC & BG           CRISIL A4      70      Revised from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Sethu Educational Trust                 Overdraft          CRISIL A4+     30      Assigned
Suspension Revoked
Shri Krishna Exports -UDUPI             Overdraft          CRISIL A4      22.1    Reaffirmed
Shri Niwas Dall and Besan Mill          Overdraft          CRISIL A4      25      Revised from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Sonthalia Rice Mill                     BG                 CRISIL A4      20      Revised from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Sumangal Petrochemicals Pvt Ltd         LOC                CRISIL A4      100     Revised from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Supernova Engineers Ltd                 BG                 CRISIL A3      100     Reaffirmed
Supernova Engineers Ltd                 LOC                CRISIL A3      180     Reaffirmed
T V Subbaiah                            BG                 CRISIL A4      58      -
Issuer Not Cooperating
Talreja Textile Industries Pvt Ltd      Export Packing     CRISIL A4      15      -
                                        Credit
Issuer Not Cooperating
Talreja Textile Industries Pvt Ltd      Import LOC Limit   CRISIL A4      12.5    -
Issuer Not Cooperating
Tirth Agro Technology Pvt Ltd           Non-FBL            CRISIL A2+     35.3    Reaffirmed
United Trade And Investments            Inland/Import LOC  CRISIL A4      25      -
Issuer Not Cooperating

LONG TERM RATINGS:
-------------------
Anjali Hotels Pvt Ltd                   CC                 CRISIL BB+     80      Reaffirmed
Anjali Hotels Pvt Ltd                   TL                 CRISIL BB+     154.5   Reaffirmed
BIC Chemicals and Packagings Pvt Ltd    CC                 CRISIL BB-     58.3    Reaffirmed
Concept Pharmaceuticals Ltd             CC                 CRISIL BBB     65.8    Migrated from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Concept Pharmaceuticals Ltd             Foreign Currency   CRISIL BBB     234.2   Migrated from
                                        Demand Loan                               CRISIL BBB
Issuer Not Cooperating
Concept Pharmaceuticals Ltd             Foreign Currency TLCRISIL BBB     110     Migrated from
                                                                                  CRISIL BBB

Issuer Not Cooperating
Concept Pharmaceuticals Ltd             Proposed LT Bk     CRISIL BBB     80      Migrated from
                                        Loan Fac                                  CRISIL BBB
Issuer Not Cooperating
Creamline Dairy Products Ltd            CC/ Overdraft Fac  CRISIL AA-     145     -
Creamline Dairy Products Ltd            LT Loan            CRISIL AA-     402     -
Creamline Dairy Products Ltd            Proposed LT Bk     CRISIL AA-     3       -
                                        Loan Fac
DP Chocolates                           CC                 CRISIL BBB+    205     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
DP Chocolates                           Proposed TL        CRISIL BBB+    45      Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
DP Cocoa Products Llp                   Proposed LT Bk     CRISIL BBB+    125     Migrated from
                                        Loan Fac                                  CRISIL BBB+
Issuer Not Cooperating
Dusters Total Solutions Services Pvt LtdCC                 CRISIL A-      670     Reaffirmed
East North Interconnection Co. Ltd      TL                 CRISIL AAA(SO) 400     -
(Continues on Rating Watch with Developing Implications)
East North Interconnection Co. Ltd      NCD (Reduced from  CRISIL AAA(SO) 7725    -
                                        Rs.782.5 Crore)
(Continues on Rating Watch with Developing Implications)
G.C. Chemie Pharmie Ltd                 CC^                CRISIL A-      65      -
^Sublimit of Rs 6 crore towards WCDL in USD/INR ; Sublimit of Rs 6.5 crore towards LC
G.C. Chemie Pharmie Ltd                 Proposed CC Limit  CRISIL A-      39      -
Gayatri Cotton Mills                    CC                 CRISIL D       80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Gayatri Cotton Mills                    Proposed LT Bk     CRISIL D       20      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Geo Seafoods                            Export Packing     CRISIL BBB-    370     Reaffirmed
                                        Credit*
*Interchangeable with Non LC Bill Discounting
Henry and Farad Pvt Ltd                 CC                 CRISIL B+      45      Reaffirmed
Indian Immunologicals Ltd               CC                 CRISIL AA      900     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
Indian Immunologicals Ltd               LT Loan            CRISIL AA      324     Reaffirmed
Indian Immunologicals Ltd               Proposed TL        CRISIL AA      926     Reaffirmed
Indo European Breweries Ltd             CC                 CRISIL BBB-    30      Reaffirmed
Indo European Breweries Ltd             TL                 CRISIL BBB-    70      Reaffirmed
Jagannath Textile Co. Ltd               CC                 CRISIL B-      550     Upgraded from
                                                                                  CRISIL D
Jagannath Textile Co. Ltd               Corporate Loan     CRISIL B-      246.1   Upgraded from
                                                                                  CRISIL D
Jagannath Textile Co. Ltd               Proposed LT Bk     CRISIL B-      1250    Upgraded from
                                        Loan Fac                                  CRISIL D
Jitendra Singh                          CC                 CRISIL BB+     20      Reaffirmed
JSW Severfield Structures Ltd           Proposed FB Bk     CRISIL A-      20      Assigned
                                        Limits
JSW Severfield Structures Ltd           LT Loan            CRISIL A-      400     Assigned
JSW Severfield Structures Ltd           CC                 CRISIL A-      750     Assigned
Karvy DigiKonnect Ltd                   CC                 CRISIL BBB     200     Reaffirmed
(Outlook revised from Stable)
Karvy DigiKonnect Ltd                   Proposed LT Bk     CRISIL BBB     400     Reaffirmed
                                        Loan Fac
(Outlook revised from Stable)
Karvy DigiKonnect Ltd                   TL                 CRISIL BBB     50      Reaffirmed
(Outlook revised from Stable)
Karvy DigiKonnect Ltd                   NCD                CRISIL BBB     1000    Assigned
Kudu Knit Process Pvt Ltd               CC                 CRISIL BBB-    80      Reaffirmed
Kudu Knit Process Pvt Ltd               LT Loan            CRISIL BBB-    38.8    Reaffirmed
Kudu Knit Process Pvt Ltd               Proposed LT Bk     CRISIL BBB-    6.2     Reaffirmed
                                        Loan Fac
Leotronic Scales Pvt Ltd                CC                 CRISIL BBB-    30      Reaffirmed
Levinza Ceramic Pvt Ltd                 CC                 CRISIL B+      30      Reaffirmed
Levinza Ceramic Pvt Ltd                 TL                 CRISIL B+      68.1    Reaffirmed
M.G.B. Mobiles                          CC                 CRISIL BB      104     Reaffirmed
M.G.B. Mobiles                          Electronic Dealer  CRISIL BB      83.5    Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
M.G.B. Mobiles                          LT Loan            CRISIL BB      5       Reaffirmed
Montage Enterprises Pvt Ltd             CC                 CRISIL BBB-    800     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Montage Enterprises Pvt Ltd             Proposed TL        CRISIL BBB-    190     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Montage Enterprises Pvt Ltd             Proposed WC Fac    CRISIL BBB-    450     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Montage Enterprises Pvt Ltd             TL                 CRISIL BBB-    1460    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Narmada Drinks Pvt Ltd                  CC                 CRISIL BBB     50      Reaffirmed
Narmada Drinks Pvt Ltd                  Proposed LT Bk     CRISIL BBB     30      Reaffirmed
                                        Loan Fac
Narmada Drinks Pvt Ltd                  TL                 CRISIL BBB     50      Reaffirmed
NCC Infraspace Pvt Ltd                  CC                 CRISIL BBB     100     Reaffirmed
Orange Megastructure LLP                Lease Rental       CRISIL BB+     1000    Reaffirmed
                                        Discounting Loan*
* to be converted into long term loan
Orange Megastructure LLP                LT Loan            CRISIL BB+     400     Reaffirmed
Orion Chem Pvt Ltd                      CC                 CRISIL BB+     20      Reaffirmed
Orion Chem Pvt Ltd                      Packing Credit     CRISIL BB+     10      Reaffirmed
PAS Trading House                       CC                 CRISIL B+      120     -
PAS Trading House                       LT Bk Fac          CRISIL B+      15      -
Photon Energy Systems Ltd               CC                 CRISIL BB-     60      Reaffirmed
Photon Energy Systems Ltd               Proposed LT Bk     CRISIL BB-     180     Reaffirmed
                                        Loan Fac
Premji Valji and Sons                   -                  -              -       -
Provided ‘No Default Statement’
Purple Medical Solutions Pvt Ltd        CC                 CRISIL BB+     104.2   Reaffirmed
R. N. Dobariya                          Overdraft          CRISIL BBB+    40      Reaffirmed
Raghav Cotspin Pvt Ltd                  CC                 CRISIL D       80      Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
Raghav Cotspin Pvt Ltd                  TL                 CRISIL D       220     Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
Reliable Cashew Company Pvt Ltd         CC                 CRISIL BB+     150     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Sankar Cotton Traders- Guntur           CC                 CRISIL D       130     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Sarala Foods Pvt Ltd                    CC                 CRISIL B+      30      Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Sarala Foods Pvt Ltd                    Proposed WC Fac    CRISIL B+      180     Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Scan Energy and Power Ltd               CC                 CRISIL D       590     -
Issuer Not Cooperating
Scan Energy and Power Ltd               LOC                CRISIL D       70      -
Issuer Not Cooperating
Scan Energy and Power Ltd               LT Loan            CRISIL D       808.3   -
Issuer Not Cooperating
Sendoz Commercials Pvt Ltd              CC                 CRISIL B+      160     Revised from
                                                                                  CRISIL BB+
Issuer Not Cooperating
Sethu Educational Trust                 Proposed TL        CRISIL BB-     320     Assigned
Suspension Revoked
Sethu Educational Trust                 TL                 CRISIL BB-     350     Assigned
Suspension Revoked
Shiv Gramoudyog Sansthan                CC                 CRISIL B       110     Assigned
Suspension Revoked
Shri Krishna Exports -UDUPI             Overdraft          CRISIL B+      52.9    Reaffirmed
Shri Krishna Exports -UDUPI             Pledge Loan        CRISIL B+      7.9     Reaffirmed
Shri Krishna Exports -UDUPI             TL                 CRISIL B+      13      Reaffirmed
Shri Niwas Dall and Besan Mill          CC                 CRISIL B+      160     Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Silver Oak Shops and Office             TL                 CRISIL B+      413.2   -
Co-Operative Housing Society Ltd
Issuer Not Cooperating
Snehanjali Electronics and Trading Pvt  CC                 CRISIL B+      80      Revised from
Ltd                                                                               CRISIL BB+
Issuer Not Cooperating
Snehanjali Electronics and Trading Pvt  Proposed LT Bk     CRISIL B+      70      Revised from
Ltd                                     Loan Fac                                  CRISIL BB+
Issuer Not Cooperating
Someswara Enterprises                   Warehouse Receipts CRISIL B       100     -
Issuer Not Cooperating
Sonthalia Rice Mill                     CC                 CRISIL B+      30      Revised from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Sonthalia Rice Mill                     Proposed LT Bk     CRISIL B+      2.5     Revised from
                                        Loan Fac                                  CRISIL BB-
Issuer Not Cooperating
Sonthalia Rice Mill                     TL                 CRISIL B+      84      Revised from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Southern Health Foods Pvt Ltd           CC                 CRISIL B+      140     Revised from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Southern Health Foods Pvt Ltd           TL                 CRISIL B+      60      Revised from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Sri Sunflower Educational Society       LT Loan            CRISIL D       120     -
Issuer Not Cooperating
Star Aqua International Pvt Ltd         CC                 CRISIL D       100     -
Issuer Not Cooperating
Star Aqua International Pvt Ltd         LT Loan            CRISIL D       82.7    -
Issuer Not Cooperating
Sumangal Petrochemicals Pvt Ltd         CC                 CRISIL B+      50      Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Sumangal Petrochemicals Pvt Ltd         Proposed LT Bk     CRISIL B+      10      Revised from
                                        Loan Fac                                  CRISIL BB
Issuer Not Cooperating
Superior Drinks Pvt Ltd                 CC                 CRISIL BBB     150     Reaffirmed
Superior Drinks Pvt Ltd                 Proposed LT Bk     CRISIL BBB     155     Reaffirmed
                                        Loan Fac
Superior Drinks Pvt Ltd                 Rupee TL           CRISIL BBB     650     Reaffirmed
Supernova Engineers Ltd                 CC                 CRISIL BBB-    250     Reaffirmed
Swastik Pipe Ltd                        CC                 CRISIL BBB-    700     Assigned
Suspension Revoked
T V Subbaiah                            CC                 CRISIL B       75      -
Issuer Not Cooperating
Talreja Textile Industries Pvt Ltd      CC                 CRISIL B+      45      -
Issuer Not Cooperating
Talreja Textile Industries Pvt Ltd      LT Loan            CRISIL B+      1.8     -
Issuer Not Cooperating
Talreja Textile Industries Pvt Ltd      Proposed LT Bk     CRISIL B+      5.7     -
                                        Loan Fac
Issuer Not Cooperating
Tech Sis Ltd                            CC                 CRISIL BBB+    50      Reaffirmed
Tech Sis Ltd                            Proposed LT Bk     CRISIL BBB+    60      Reaffirmed
                                        Loan Fac
Tech Sis Ltd                            TL                 CRISIL BBB+    140     Reaffirmed
Texla Plastics and Metals Pvt Ltd       CC                 CRISIL B+      25      Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Texla Plastics and Metals Pvt Ltd       TL                 CRISIL B+      34.5    Revised from
                                                                                  CRISIL BB
Issuer Not Cooperating
Tirth Agro Technology Pvt Ltd           CC                 CRISIL A-      1250    Reaffirmed
Tirth Agro Technology Pvt Ltd           Non-FBL            CRISIL A-      100     Reaffirmed
Tirth Agro Technology Pvt Ltd           TL                 CRISIL A-      1114.7  Reaffirmed
Tirvani Rice Industry                   CC                 CRISIL B       80      -
Issuer Not Cooperating
Trinity Eye Hospital                    LT Loan            CRISIL B+      120     -
Issuer Not Cooperating
Trinity Eye Hospital                    Overdraft          CRISIL B+      15      -
Issuer Not Cooperating
Trinity Eye Hospital                    Proposed LT Bk     CRISIL B+      315     -
                                        Loan Fac
Issuer Not Cooperating
Turbo Cast India Pvt Ltd                CC                 CRISIL B+      5       -
Issuer Not Cooperating
Turbo Cast India Pvt Ltd                Proposed LT Bk     CRISIL B+      17.7    -
                                        Loan Fac
Issuer Not Cooperating
Turbo Cast India Pvt Ltd                TL                 CRISIL B+      50.8    -
Issuer Not Cooperating
Udaipur Beverages Ltd                   CC                 CRISIL BBB     150     Reaffirmed
Udaipur Beverages Ltd                   Proposed TL        CRISIL BBB     350     Reaffirmed
Unique Trees Pvt Ltd                    CC                 CRISIL B       2       -
Issuer Not Cooperating
Unique Trees Pvt Ltd                    LT Loan            CRISIL B       66      -
Issuer Not Cooperating
Unique Trees Pvt Ltd                    Proposed CC Limit  CRISIL B       16      -
Issuer Not Cooperating
Unique Trees Pvt Ltd                    Proposed LT Bk     CRISIL B       50      -
                                        Loan Fac
Issuer Not Cooperating
United Trade And Investments            CC                 CRISIL B+      40      -
Issuer Not Cooperating
USK Agro Sciences                       CC                 CRISIL B       50      -
Issuer Not Cooperating
USK Agro Sciences                       LT Loan            CRISIL B       15      -
Issuer Not Cooperating
--------------------------------------------------------------------------------------------
$: 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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