December 31, 2018 / 11:05 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Dec 31 Part III

    Dec 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 28 & 29, 2018.(Part III)


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
LONG TERM RATINGS:    
--------------------    
Vert Envirotech Pvt Ltd                 CC                 CRISIL B+      15      Assigned
Vibrant Fashions Pvt Ltd                CC                 CRISIL BB-     10      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vijay Kumar Sahu Infrastructure Pvt Ltd CC                 CRISIL BB      40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vijay Kumar Sahu Infrastructure Pvt Ltd Proposed LT Bk     CRISIL BB      40      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Vikash Residential Institutions         TL                 CRISIL BB-     350     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vikram Tea Processor Pvt Ltd            CC                 CRISIL BB+     300     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Vikram Tea Processor Pvt Ltd            Proposed LT Bk     CRISIL BB+     34.3    Migrated from
                                        Loan Fac                                  CRISIL BBB+
(Issuer Not Cooperating)
Vikram Tea Processor Pvt Ltd            TL                 CRISIL BB+     25.7    Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Vikram Tea Processor Pvt Ltd            WC TL              CRISIL BB+     60      Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Vinayak Polymers Inc.                   LOC                CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
Vinayak Polymers Inc.                   CC                 CRISIL B+      200     Reaffirmed
(Issuer Not Cooperating)
Vishal Wheelers Pvt Ltd                 CC                 CRISIL B       61      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vishal Wheelers Pvt Ltd                 Line of Credit     CRISIL B       23.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vishal Wheelers Pvt Ltd                 TL                 CRISIL B       36      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vision Distribution Pvt Ltd             CC                 CRISIL BB      200     Upgraded from
                                                                                  CRISIL BB-
Vision Distribution Pvt Ltd             Proposed LT Bk     CRISIL BB      70      Upgraded from
                                        Loan Fac                                  CRISIL BB-
VMT Spinning Co. Ltd                    BG                 CRISIL A1+     10      Reaffirmed
VMT Spinning Co. Ltd                    LOC & BG           CRISIL A1+     40      Reaffirmed
VMT Spinning Co. Ltd                    CC#                CRISIL AA      60      Reaffirmed
#Interchangeable with Packing Credit and Bill Discounting
VMT Spinning Co. Ltd                    CC*                CRISIL AA      90      Reaffirmed
*Interchangeable with Packing Credit & includes sub limit of Rs 2.5 crores for Foreign Bills
Purchase/ Foreign Bills Discounting facilities
VMT Spinning Co. Ltd                    Proposed TL        CRISIL AA      267.5   Reaffirmed
VMT Spinning Co. Ltd                    TL                 CRISIL AA      322.5   Reaffirmed
VMT Spinning Co. Ltd                    WC Fac             CRISIL AA      150     Reaffirmed
Vohra Auto Distributors Pvt Ltd         CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Vohra Auto Distributors Pvt Ltd         Proposed CC Limit  CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+
Vraj Packaging Pvt Ltd                  CC                 CRISIL BBB-    240     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Vraj Packaging Pvt Ltd                  LT Loan            CRISIL BBB-    60      Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Zydus Healthcare Ltd                    LOC**              CRISIL A1+     100     Reaffirmed
**Fully interchangeable with bank guarantee
Zydus Healthcare Ltd                    CC*                CRISIL AA+     1100    Reaffirmed
(Removed from Rating Watch with Developing Implications),*Fully interchangeable with working
capital demand loan

Zydus Technologies Ltd                  LT Loan            CRISIL AA+(SO) 1640    Reaffirmed
Zydus Technologies Ltd                  Proposed LT Bk     CRISIL AA+(SO) 630     Assigned
                                        Loan Fac
(Removed from Rating Watch with Developing Implications)
--------------------------------------------------------------------------------------------
$: 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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