December 6, 2018 / 9:29 AM / in 4 months

CRISIL ratings for Indian debt instruments-Dec 6

    Dec 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 5, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adhunik Niryat Ispat Ltd                Inland/Import LOC  CRISIL A4+     195     Assigned
Cardio Fitness India Pvt Ltd            Foreign Exchange   CRISIL D       33.2    Downgraded
                                        Forward                                   from CRISIL
                                                                                  A4+
Cardio Fitness India Pvt Ltd            LOC                CRISIL D       45      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Cheran Spinner Pvt Ltd                  Inland/Import LOC  CRISIL A3+     50      Assigned
Gujarat Flotex Pvt Ltd                  BG                 CRISIL A3      10      Reaffirmed
Gujarat Flotex Pvt Ltd                  LOC                CRISIL A3      20      Reaffirmed
Homa Engineering Works                  Letter Of GuaranteeCRISIL D       40      Downgraded
                                                                                  from CRISIL A4
Homa Engineering Works                  Proposed ST Bk     CRISIL D       20      Downgraded
                                        Loan Fac                                  from CRISIL A4
Jawandsons                              LOC                CRISIL A3+     50      Reaffirmed
KUN Motor Company Pvt Ltd               BG                 CRISIL A2      90      Reaffirmed
Meghmani Industries Ltd                 BG^                CRISIL A1      20      Reaffirmed
^ Fully interchangeable with letter of credit
Meghmani Industries Ltd                 Foreign Exchange   CRISIL A1      70      Reaffirmed
                                        Fac
Meghmani Industries Ltd                 LOC                CRISIL A1      10      Reaffirmed
Meghmani Industries Ltd                 CP                 CRISIL A1      250     Reaffirmed
Millennium Automation and Systems Ltd   BG                 CRISIL A4+     60      Reaffirmed
Millennium Automation and Systems Ltd   LOC                CRISIL A4+     120     Reaffirmed
NEOSPARK Drugs and Chemicals Pvt Ltd    BG                 CRISIL A3+     1       Reaffirmed
NEOSPARK Drugs and Chemicals Pvt Ltd    LOC                CRISIL A3+     10      Reaffirmed
Nilshikhaa Infraa India Ltd             BG                 CRISIL A3      300     Reaffirmed
Nilshikhaa Infraa India Ltd             Letter Of GuaranteeCRISIL A3      130     Reaffirmed
Nilshikhaa Infraa India Ltd             Overdraft          CRISIL A3      70      Reaffirmed
P K K Constructions                     BG                 CRISIL A4      40      Reaffirmed
P L Raju Constructions Ltd              BG                 CRISIL A3+     2280    -
(ISSUER NOT COOPERATING)
Shaf Broadcast Pvt Ltd                  BG                 CRISIL A4+     100     -
(ISSUER NOT COOPERATING)
Shaf Broadcast Pvt Ltd                  LOC                CRISIL A4+     145     -
(ISSUER NOT COOPERATING)
Shree Durga Syntex Pvt Ltd              BG                 CRISIL A2      20      Reaffirmed
Shrinath Rotopack Pvt Ltd               LOC & BG           CRISIL A2      63      Assigned
Srijagdamba Cylinder Gases Pvt Ltd      BG                 CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
Sterling Abrasives Ltd                  Proposed ST Bk     CRISIL A1      61      Reassigned
                                        Loan Fac
The Ananda Bag Tea Co. Ltd.             Foreign            CRISIL A4+     20      Reaffirmed
                                        Discounting Bill
                                        Purchase
The Ananda Bag Tea Co. Ltd.             Letter Of GuaranteeCRISIL A4+     10      Reaffirmed
The Ananda Bag Tea Co. Ltd.             Packing Credit     CRISIL A4+     8       Reaffirmed
The Sirsa Bansivat Labour And           BG                 CRISIL A4+     70      Reaffirmed
Construction Pvt Ltd
Vinayaka Cashew Company                 Proposed ST Bk     CRISIL A4      40      Reaffirmed
                                        Loan Fac

LONG TERM RATINGS:
-------------------
Adhunik Niryat Ispat Ltd                CC                 CRISIL BB+     30      Assigned
Aimil Pharmaceuticals India Ltd         CC                 CRISIL BB      335     Reaffirmed
(ISSUER NOT COOPERATING)
Aimil Pharmaceuticals India Ltd         LT Loan            CRISIL BB      75.2    Reaffirmed
(ISSUER NOT COOPERATING)
Aimil Pharmaceuticals India Ltd         Proposed FB Bk     CRISIL BB      339.8   Reaffirmed
                                        Limits
(ISSUER NOT COOPERATING)
Antariksh Infrabuild LLP                CC                 CRISIL B       20      Assigned
Antariksh Infrabuild LLP                TL                 CRISIL B       65      Assigned
APL Machinery Pvt Ltd                   CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B
Avana Logistek Ltd                      CC                 CRISIL A-      400     Reaffirmed
Avana Logistek Ltd                      WC TL              CRISIL A-      200     Reaffirmed
Cardio Fitness India Pvt Ltd            CC                 CRISIL D       85      Downgraded
                                                                                  from CRISIL BB
Cardio Fitness India Pvt Ltd            Proposed LT Bk     CRISIL D       16.8    Downgraded
                                        Loan Fac                                  from CRISIL BB
Cheran Spinner Pvt Ltd                  CC                 CRISIL BBB     280     Reaffirmed
Cheran Spinner Pvt Ltd                  WC Demand Loan     CRISIL BBB     20      Reaffirmed
Cheran Spinner Pvt Ltd                  LT Loan            CRISIL BBB     170     Reaffirmed
CMYK Printech Ltd                       CC                 CRISIL B+      90      Reaffirmed
CMYK Printech Ltd                       Proposed CC Limit  CRISIL B+      40      Reaffirmed
Gujarat Flotex Pvt Ltd                  CC                 CRISIL BBB-    325     Reaffirmed
Gujarat Flotex Pvt Ltd                  TL                 CRISIL BBB-    155     Reaffirmed
Homa Engineering Works                  CC                 CRISIL D       20      Downgraded
                                                                                  from CRISIL B+
Jaidayal Hitex Pvt Ltd                  Proposed CC Limit  CRISIL BB      40      Assigned
Jaidayal Hitex Pvt Ltd                  CC                 CRISIL BB      50      Assigned
Jaidayal Hitex Pvt Ltd                  LT Loan            CRISIL BB      240     Assigned
Jawandsons                              CC/ Overdraft Fac  CRISIL BBB     40      Reaffirmed
Jawandsons                              Export Packing     CRISIL BBB     700     Reaffirmed
                                        Credit
Jawandsons                              LT Loan            CRISIL BBB     280     Reaffirmed
Jawandsons                              Proposed LT Bk     CRISIL BBB     30      Reaffirmed
                                        Loan Fac
KUN Motor Company Pvt Ltd               CC                 CRISIL BBB+    250     Reaffirmed
KUN Motor Company Pvt Ltd               Inventory Funding  CRISIL BBB+    150     Reaffirmed
                                        Fac
KUN Motor Company Pvt Ltd               TL                 CRISIL BBB+    36      Reaffirmed
Meghmani Industries Ltd                 CC*                CRISIL A       1140    Reaffirmed
*Interchangeable with foreign bill purchase and export packing credit for Rs 15.00 crore and Rs
10.0 crore, respectively, includes sublimit for letter of credit for Rs 33 crore.
Meghmani Industries Ltd                 CC**               CRISIL A       50      Reaffirmed
**Fully interchangeable with demand loan, foreign bill purchase, export packing credit, and
purchase of bills.
Millennium Automation and Systems Ltd   CC                 CRISIL BB-     20      Downgraded
                                                                                  from CRISIL BB
Millennium Automation and Systems Ltd   Proposed LT Bk     CRISIL BB-     450     Downgraded
                                        Loan Fac                                  from CRISIL BB
Mistair Health And Hygiene Pvt Ltd      CC                 CRISIL BB-     33      Upgraded from
                                                                                  CRISIL B+
Mistair Health And Hygiene Pvt Ltd      LT Loan            CRISIL BB-     87      Upgraded from
                                                                                  CRISIL B+
Mistair Health And Hygiene Pvt Ltd      TL                 CRISIL BB-     55      Upgraded from
                                                                                  CRISIL B+
Nahalchand Laloochand Pvt Ltd           TL                 CRISIL BB-     200     Upgraded from
                                                                                  CRISIL B+
NEOSPARK Drugs and Chemicals Pvt Ltd    CC                 CRISIL BBB     130     Reaffirmed
Nilshikhaa Infraa India Ltd             BG                 CRISIL BBB-    180     Reaffirmed
Nilshikhaa Infraa India Ltd             CC                 CRISIL BBB-    110     Reaffirmed
P K K Constructions                     CC                 CRISIL B+      40      Reaffirmed
P K K Constructions                     Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
P L Raju Constructions Ltd              CC                 CRISIL BBB     10      -
(ISSUER NOT COOPERATING)
P L Raju Constructions Ltd              Overdraft          CRISIL BBB     420     -
(ISSUER NOT COOPERATING)
P. N. Memorial Neurocentre and Research CC                 CRISIL BBB+    130     Reaffirmed
Institute Ltd
P. N. Memorial Neurocentre and Research LT Loan            CRISIL BBB+    1465    Reaffirmed
Institute Ltd
Ramya Reprographic Pvt Ltd              CC                 CRISIL BB+     150     Assigned
Rime Rich Foods Pvt Ltd                 LT Loan            CRISIL D       95      Reaffirmed
Rime Rich Foods Pvt Ltd                 Overdraft          CRISIL D       45      Reaffirmed
Shaf Broadcast Pvt Ltd                  CC                 CRISIL BB      100     -
(ISSUER NOT COOPERATING)
Shree Durga Syntex Pvt Ltd              LT Loan            CRISIL BBB+    990     Assigned
Shree Durga Syntex Pvt Ltd              CC                 CRISIL BBB+    1150    Assigned
Shrinath Rotopack Pvt Ltd               TL                 CRISIL BBB+    547     Assigned
Shrinath Rotopack Pvt Ltd               CC                 CRISIL BBB+    1370    Assigned
Srijagdamba Cylinder Gases Pvt Ltd      Secured Overdraft  CRISIL BB      90      Upgraded from
                                        Fac                                       CRISIL B+
Srijagdamba Cylinder Gases Pvt Ltd      TL                 CRISIL BB      40      Upgraded from
                                                                                  CRISIL B+
Sterling Abrasives Ltd                  CC^                CRISIL A+      189     Reaffirmed
^Interchangeable with working capital demand loan (WCDL)/ export packing credit(EPC) / packing
credit in foreign currency( PCFC)/ foreign bill discounting (FBD)/export bill rediscounting(EBR)
up to Rs 6 crore
The Ananda Bag Tea Co. Ltd.             CC                 CRISIL BB+     82      Reaffirmed
The Sirsa Bansivat Labour And           CC                 CRISIL BB-     30      Reaffirmed
Construction Pvt Ltd
Vinayaka Cashew Company                 Packing Credit     CRISIL B+      120     Upgraded from
                                                                                  CRISIL B

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