December 4, 2018 / 4:04 AM / in a month

CRISIL ratings for Indian debt instruments-Dec 4

    Dec 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 3, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Associated Ceramics Ltd                 BG                 CRISIL A4+     60      Reaffirmed
Issuer Not Cooperating
Bhavyasindhu Infra Projects Pvt Ltd     BG                 CRISIL A4      25      Assigned
Bhavyasindhu Infra Projects Pvt Ltd     Overdraft          CRISIL A4      50      Assigned
Johnson Lifts Pvt Ltd                   BG                 CRISIL A1+     1500    Assigned
Lakshmi Technology and Engineering      BG                 CRISIL A3+     300
Industries Ltd
Rating reaffirmed and Withdrawn
Lakshmi Technology and Engineering      CC                 CRISIL A3+     70
Industries Ltd
Rating reaffirmed and Withdrawn
Lakshmi Technology and Engineering      LOC                CRISIL A3+     35
Industries Ltd
Rating reaffirmed and Withdrawn
Lakshmi Technology and Engineering      LT Loan            CRISIL A3+     62
Industries Ltd
Rating reaffirmed and Withdrawn
Lakshmi Technology and Engineering      Packing Credit     CRISIL A3+     30
Industries Ltd
Rating reaffirmed and Withdrawn
Lakshmi Technology and Engineering      Proposed WC Fac    CRISIL A3+     33
Industries Ltd
Rating reaffirmed and Withdrawn
Nupur Viniyog Pvt Ltd                   Packing Credit     CRISIL A4      50      Assigned
P.M.K. Constructions (India) Pvt Ltd    BG                 CRISIL A4+     170     Reaffirmed
Padmavati Infrastructure Company        BG                 CRISIL A4+     200     Assigned
Paulose George Construction Company Pvt BG                 CRISIL A4+     470     Reaffirmed
Ltd
RGR Knit Wear                           BG                 CRISIL A4      15      Assigned
Unimech Industries Pvt Ltd              LOC                CRISIL A4+     10      Assigned
Unimech Industries Pvt Ltd              Clean Supply Bill  CRISIL A4+     65      Assigned
                                        Purchase
Unimech Industries Pvt Ltd              BG                 CRISIL A4+     10      Assigned
Vraj Packaging Pvt Ltd                  Non-FBL            CRISIL A4+     20
Issuer Not Cooperating; Migrated from 'CRISIL A3'
Worldwide Safety Pvt Ltd                Capex LOC          CRISIL A2      125.2   Reaffirmed
Worldwide Safety Pvt Ltd                LOC                CRISIL A2      120     Reaffirmed

LONG TERM RATINGS:
-------------------
Arvee Laboratories (India) Pvt Ltd      CC                 CRISIL B-      55      Reaffirmed
Issuer Not Cooperating
Arvee Laboratories (India) Pvt Ltd      Proposed LT Bk     CRISIL B-      44.4    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Arvee Laboratories (India) Pvt Ltd      TL                 CRISIL B-      40.6    Reaffirmed
Issuer Not Cooperating
Associated Ceramics Ltd                 CC                 CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating
C P Mohanty And Associates              CC*                CRISIL BB-     50      Assigned
*Interchangeable with bank guarantee to the extent of Rs 0.5 crore
Goldcoin Angel CPP Film Pvt Ltd         Rating Advisory    -
CRISIL is yet to receive adequate information from Goldcoin Angel CPP Film Private Limited
(GACFPL) to enable it to undertake a rating review.
Jala Shakti Ltd                         LT Loan            CRISIL B-      206.4
Upgraded from 'CRISIL D'
Jala Shakti Ltd                         Proposed LT Bk     CRISIL B-      58.6    Assigned
                                        Loan Fac
Upgraded from 'CRISIL D'
K R Rubberite Ltd                       CC                 CRISIL BBB     290     Reaffirmed
K R Rubberite Ltd                       TL                 CRISIL BBB     310     Reaffirmed
K. M. International                     CC                 CRISIL BB-     50
Upgraded from 'CRISIL B'
K. M. International                     TL                 CRISIL BB-     70
Upgraded from 'CRISIL B'
MAK Hospitals Pvt Ltd                   Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
MAK Hospitals Pvt Ltd                   TL                 CRISIL B+      80      Assigned
P.M.K. Constructions (India) Pvt Ltd    Overdraft          CRISIL BB+     20      Reaffirmed
Padmavati Infrastructure Company        CC/ Overdraft Fac  CRISIL BB      20      Assigned
Paulose George Construction Company Pvt CC                 CRISIL BB+     80      Reaffirmed
Ltd
RGR Knit Wear                           Proposed LT Bk     CRISIL B+      10      Assigned
                                        Loan Fac
RGR Knit Wear                           CC                 CRISIL B+      35      Assigned
SR Construction And Developers          LT Loan            CRISIL B+      25      Reaffirmed
Issuer Not Cooperating; Rating Migrated
SR Construction And Developers          Proposed LT Bk     CRISIL B+      75      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Unimech Industries Pvt Ltd              LT Loan            CRISIL BB      10      Assigned
Unimech Industries Pvt Ltd              CC                 CRISIL BB      55      Assigned
United Granites and Metals              CC                 CRISIL BB-     75
Upgraded from 'CRISIL B+'
United Granites and Metals              LT Loan            CRISIL BB-     81.3
Upgraded from 'CRISIL B+'
Vraj Packaging Pvt Ltd                  CC                 CRISIL BB+     240

Issuer Not Cooperating; Migrated from 'CRISIL BBB-'
Vraj Packaging Pvt Ltd                  LT Loan            CRISIL BB+     60
Issuer Not Cooperating; Migrated from 'CRISIL BBB-'
Worldwide Safety Pvt Ltd                TL                 CRISIL BBB+    87.9    Reaffirmed
Worldwide Safety Pvt Ltd                WC Fac             CRISIL BBB+    420     Assigned

--------------------------------------------------------------------------------------------
$: 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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