August 9, 2019 / 7:28 AM / a month ago

CRISIL ratings for Indian debt instruments-Aug 9

    Aug 9 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 8, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alphageo (India) Ltd                    BG                 CRISIL A2      848     Reaffirmed
(Placed on 'Rating Watch with Developing Implications' )
Ashwin Diamonds                         Packing Credit     CRISIL A4+     180     Reaffirmed
Ashwin Diamonds                         Post Shipment      CRISIL A4+     320     Reaffirmed
                                        Credit
D B Machine Tools Pvt Ltd               Foreign            CRISIL A4+     60      Reaffirmed
                                        Documentary Bills
                                        Purchase
D B Machine Tools Pvt Ltd               Packing Credit     CRISIL A4+     120     Reaffirmed
Fiorenza Granito Pvt Ltd                BG                 CRISIL A4+     70      Reaffirmed
Fiorenza Granito Pvt Ltd                LOC                CRISIL A4+     10      Reaffirmed
FirstRand Bank Ltd                      CDs Programme      CRISIL A1+     2500    Reaffirmed
Hamilton Housewares Pvt Ltd             LOC                CRISIL A1+     1600    Reaffirmed
Hamilton Housewares Pvt Ltd             CP                 CRISIL A1+     600     Reaffirmed
Kaycee Industries                       BG                 CRISIL A4+     1.2     Reaffirmed
Kaycee Industries                       Inland/Import LOC  CRISIL A4+     10      Reaffirmed
Kirloskar Brothers Ltd                  LOC & BG           CRISIL A1+     14800   Reaffirmed
Kirloskar Brothers Ltd                  CP                 CRISIL A1+     1000    Reaffirmed
Kumar Rice Industries                   BG                 CRISIL A4      70      Reaffirmed
Mozzeco Tiles LLP                       BG                 CRISIL A4      10      Reaffirmed
Ommi Forge Pvt Ltd                      BG                 CRISIL A4      20      Reaffirmed
Parth Papers Llp                        BG                 CRISIL A4+     10      Reaffirmed
R&B Denims Ltd                          LOC                CRISIL A4+     50      Assigned
R&B Denims Ltd                          BG                 CRISIL A4+     30      Assigned
S. K. Mehta and Co.                     BG                 CRISIL A4+     12      Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Tamil Nadu Newsprint and Papers Ltd     CP                 CRISIL A1      500     Withdrawn
Vnm Jewel Crafts Ltd                    BG                 CRISIL A4      10      Reaffirmed



LONG TERM RATINGS:
-------------------
Aarti Structures Pvt Ltd                CC                 -              50      Withdrawn
(Rating Reaffirmed and Withdrawn)
Aarti Structures Pvt Ltd                TL                 -              55      Withdrawn
(Rating Reaffirmed and Withdrawn)
Acme Builders Pvt Ltd                   TL                 CRISIL D       500     Downgraded
                                                                                  from 'CRISIL
                                                                                  B+
(ISSUER NOT COOPERATING)
Aeon Formulations Pvt Ltd               BG                 -              0.5     Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Aeon Formulations Pvt Ltd               CC                 -              35      Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Aeon Formulations Pvt Ltd               LOC                -              5       Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Aeon Formulations Pvt Ltd               Proposed LT Bk     -              29.5    Withdrawn
                                        Loan Fac
(ISSUER NOT COOPERATING; Rating Withdrawn)
Aeon Formulations Pvt Ltd               TL                 -              20      Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Alphageo (India) Ltd                    CC                 CRISIL BBB+    400     Reaffirmed
(Placed on 'Rating Watch with Developing Implications' )
Belstar Investment and Finance Pvt Ltd  Series A1 PTCs     CRISIL AA-     436.8   -
- Vivriti Rovena 03 2019
(Converted from Provisional Rating to Final Rating)
Chordia Industries                      CC                 CRISIL BB-     70      Assigned
Chordia Industries                      Proposed LT Bk     CRISIL BB-     15      Assigned
                                        Loan Fac
Emaar Diamonds Pvt Ltd                  CC                 CRISIL B+      90      Upgraded from
                                                                                  CRISIL B
Emaar Diamonds Pvt Ltd                  Proposed LT Bk     CRISIL B+      45      Upgraded from
                                        Loan Fac                                  CRISIL B
Fiorenza Granito Pvt Ltd                CC                 CRISIL BB+     100     Reaffirmed
Fiorenza Granito Pvt Ltd                Proposed LT Bk     CRISIL BB+     50.3    Reaffirmed
                                        Loan Fac
Fiorenza Granito Pvt Ltd                TL                 CRISIL BB+     214     Reaffirmed
Hamilton Housewares Pvt Ltd             CC                 CRISIL AA-     1300    Reaffirmed
Hamilton Housewares Pvt Ltd             Proposed LT Bk     CRISIL AA-     500     Reaffirmed
                                        Loan Fac
Joonktollee Tea and Industries Ltd      CC                 -              280     Withdrawn
(Rating Reaffirmed and Withdrawn)
Joonktollee Tea and Industries Ltd      Proposed FB Bk     -              400     Withdrawn
                                        Limits
(Rating Reaffirmed and Withdrawn)
Joonktollee Tea and Industries Ltd      TL                 -              300     Withdrawn
(Rating Reaffirmed and Withdrawn)
Joonktollee Tea and Industries Ltd      WC Demand Loan     -              220     Withdrawn
(Rating Reaffirmed and Withdrawn)
Kamdhenu Realities                      Proposed LT Bk     CRISIL BB-     165.2   -
                                        Loan Fac
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Kamdhenu Realities                      TL                 CRISIL BB-     34.8    -
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Kaycee Industries                       CC                 CRISIL BB-     47.5    Reaffirmed
Kaycee Industries                       Proposed LT Bk     CRISIL BB-     16.3    Reaffirmed
                                        Loan Fac
Kirloskar Brothers Ltd                  CC                 CRISIL AA-     3200    Reaffirmed
Kirloskar Brothers Ltd                  TL                 CRISIL AA-     500     Reaffirmed
Kumar Rice Industries                   CC                 CRISIL B+      25      Reaffirmed
Kumar Rice Industries                   Proposed CC Limit  CRISIL B+      5       Reaffirmed
Kumaran oil Mill                        CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Kush Proteins Pvt Ltd                   CC                 CRISIL BB+     120     Reaffirmed
Kush Proteins Pvt Ltd                   TL                 CRISIL BB+     14      Reaffirmed
Mozzeco Tiles LLP                       CC                 CRISIL B+      30      Reaffirmed
Mozzeco Tiles LLP                       LT Loan            CRISIL B+      66.7    Reaffirmed
Mozzeco Tiles LLP                       Proposed WC Fac    CRISIL B+      3.3     Reaffirmed
Ommi Forge Pvt Ltd                      CC                 CRISIL B+      75      Upgraded from
                                                                                  CRISIL B
Ommi Forge Pvt Ltd                      TL                 CRISIL B+      5       Upgraded from
                                                                                  CRISIL B
P G Industry Ltd                        CC                 CRISIL BB-     150     Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
P G Industry Ltd                        Foreign LOC        CRISIL BB-     55      Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
P G Industry Ltd                        Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
(Continues on 'Rating Watch with Developing Implications')
Parth Papers Llp                        CC                 CRISIL BB      60      Upgraded from
                                                                                  CRISIL BB-
Parth Papers Llp                        Proposed FB Bk     CRISIL BB      17.5    Upgraded from
                                        Limits                                    CRISIL BB-
Parth Papers Llp                        TL                 CRISIL BB      75.6    Upgraded from
                                                                                  CRISIL BB-
Pentagon Premises Pvt Ltd               LT Loan            CRISIL B+      130     Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-
Pentagon Premises Pvt Ltd               Proposed LT Bk     CRISIL B+      370     Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  BB-
Phoenix International Ltd               TL                 CRISIL BB      950     Assigned
Priceless Overseas Ltd                  CC                 CRISIL BB-     75.5    Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Priceless Overseas Ltd                  Foreign LOC        CRISIL BB-     49.5    Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Primesteel Manufacture Pvt Ltd          CC                 CRISIL BB-     45      Reaffirmed
Primesteel Manufacture Pvt Ltd          TL                 CRISIL BB-     25      Reaffirmed
R&B Denims Ltd                          LT Loan            CRISIL BB+     115     Assigned
R&B Denims Ltd                          CC                 CRISIL BB+     355     Assigned
S. K. Mehta and Co.                     CC                 CRISIL BB-     50      Reaffirmed
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
S. K. Mehta and Co.                     Proposed LT Bk     CRISIL BB-     108     Reaffirmed
                                        Loan Fac
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sandhya Hydro Power Projects Balargha   Proposed LT Bk     -              169.1   Withdrawn
Pvt Ltd                                 Loan Fac
Sandhya Hydro Power Projects Balargha   LT Bk Fac          CRISIL BBB     830.9   Upgraded from
Pvt Ltd                                                                           CRISIL BBB-
Satin Creditcare Network Ltd - Vivriti  Series A2 PTCs     CRISIL A+      4.5     -
Heimdall 03 2019
(Converted from Provisional Rating to Final Rating)
Satin Creditcare Network Ltd - Vivriti  Series A1 PTCs     CRISIL AA-     400     -
Heimdall 03 2019
(Converted from Provisional Rating to Final Rating)
Shreyas Enterprises - Gorakhpur         CC                 CRISIL B-      92.5    -
(Revised from 'CRISIL B/Stable' to 'CRISIL D' and Simultaneously Upgraded to CRISIL B-/Stable')
Shri Lakshmi Narayanan Industries Pvt   CC                 CRISIL B+      15      Reaffirmed
Ltd
Shri Lakshmi Narayanan Industries Pvt   LT Loan            CRISIL B+      73.1    Reaffirmed
Ltd
SNJ Distillers Pvt Ltd                  CC                 CRISIL BBB+    740     Reaffirmed
(Placed on 'Rating Watch with Developing Implications')
SNJ Distillers Pvt Ltd                  LT Loan            CRISIL BBB+    950     Reaffirmed
(Placed on 'Rating Watch with Developing Implications')
Sri Raam Dyeing Factory                 CC                 CRISIL BB      65      Assigned
Sri Raam Dyeing Factory                 LT Loan            CRISIL BB      132     Assigned
Sri Raam Dyeing Factory                 Proposed LT Bk     CRISIL BB      16.7    Assigned
                                        Loan Fac
Sumo Biscuits Pvt Ltd                   CC                 CRISIL BB      40      Reaffirmed
Sumo Biscuits Pvt Ltd                   Proposed LT Bk     CRISIL BB      117     Reaffirmed
                                        Loan Fac
Sumo Biscuits Pvt Ltd                   TL                 CRISIL BB      64      Reaffirmed
Tamil Nadu Newsprint and Papers Ltd     Proposed LT Bk     CRISIL A       8800    Reaffirmed
                                        Loan Fac
V.H. Industries Pvt Ltd                 TL                 CRISIL B+      5       Assigned
V.H. Industries Pvt Ltd                 CC                 CRISIL B+      36      Assigned
V.H. Industries Pvt Ltd                 Proposed CC Limit  CRISIL B+      29      Assigned
Vnm Jewel Crafts Ltd                    CC                 CRISIL B       50      Reaffirmed
Vnm Jewel Crafts Ltd                    Proposed WC Fac    CRISIL B       40      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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