February 11, 2019 / 3:40 AM / in 8 days

CRISIL ratings for Indian debt instruments-Feb 11

    Feb 11 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 8, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abb Infra Buildtech Pvt Ltd             Proposed BG        CRISIL A4+     110     Assigned
Aromatics India Pvt Ltd                 Import LOC Limit   CRISIL A4+     85      Assigned
Ashok Kumar                             BG                 CRISIL A4+     50      Reaffirmed
Bivab Developers Pvt Ltd                Overdraft          CRISIL A4      33.3
Reassigned
C.T. Engineering Polymers Pvt Ltd       LOC                CRISIL A4      145     Reaffirmed
Ideas Engineers                         BG                 CRISIL A3      130
Upgraded from 'CRISIL A4+'
IndiaNivesh Securities Ltd              BG                 CRISIL A4+     400     Assigned
Lavish Granito Pvt Ltd                  BG                 CRISIL A4+     55      Reaffirmed
Leap India Pvt Ltd                      Proposed ST Bk     CRISIL A3      250     Assigned
                                        Loan Fac
Nilanjan Iron Pvt Ltd                   BG                 CRISIL A4+     20      Reaffirmed
Nilanjan Iron Pvt Ltd                   LOC                CRISIL A4+     120     Reaffirmed
Pankaj International - Ludhiana         BG                 CRISIL A4+     3.7     Assigned
Panna Textile Industries Pvt Ltd        Export Bill        CRISIL A4      35      Reaffirmed
                                        Purchase
                                        -Discounting
Panna Textile Industries Pvt Ltd        LOC                CRISIL A4      15      Reaffirmed
Panna Textile Industries Pvt Ltd        Packing Credit     CRISIL A4      30      Reaffirmed
Proventus Life Sciences Pvt Ltd         Packing Credit     CRISIL A4+     15      Assigned
Proventus Life Sciences Pvt Ltd         Inland/Import LOC  CRISIL A4+     10      Assigned
Prudhvi Constructions Pvt Ltd           BG                 CRISIL A4+     50      Reaffirmed
Prudhvi Constructions Pvt Ltd           Proposed ST Bk     CRISIL A4+     30      Reaffirmed
                                        Loan Fac
Saimirra Innopharm Pvt Ltd              Packing Credit     CRISIL A4+     60      Assigned
Saimirra Innopharm Pvt Ltd              Overdraft          CRISIL A4+     40      Assigned
Saimirra Innopharm Pvt Ltd              BG                 CRISIL A4+     15      Assigned
Shalimar Chemical Works Pvt Ltd         Proposed NFBL      CRISIL A3+     4.8
Issuer Not Cooperating; Migrated from 'CRISIL A1'
Sree Venkateshwara Enterprises          LOC                CRISIL A4+     95      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Triveni Smelters Pvt Ltd                LOC                CRISIL A4+     5       Reaffirmed
Vijay Engineering and Machinery Co.     BG                 CRISIL A3      20      Reaffirmed
Vijay Engineering and Machinery Co.     Inland/Import LOC  CRISIL A3      25      Reaffirmed

LONG TERM RATINGS:
-------------------
Abb Infra Buildtech Pvt Ltd             Proposed LT Bk     CRISIL BB      340     Assigned
                                        Loan Fac
Adhik Resort India Pvt Ltd              CC                 CRISIL BB      70
Upgraded from 'CRISIL BB-'
ALP Milk Foods Pvt Ltd                  CC                 CRISIL B+      80      Reaffirmed
ALP Milk Foods Pvt Ltd                  Proposed LT Bk     CRISIL B+      35      Reaffirmed
                                        Loan Fac
ALP Milk Foods Pvt Ltd                  TL                 CRISIL B+      75      Reaffirmed
Aromatics India Pvt Ltd                 Proposed LT Bk     CRISIL BB+     1       Assigned
                                        Loan Fac
Aromatics India Pvt Ltd                 CC                 CRISIL BB+     224     Assigned
Ashok Kumar                             CC                 CRISIL BB      45      Reaffirmed
Bivab Developers Pvt Ltd                TL                 CRISIL B       16.7    Reaffirmed
Migrated from 'CRISIL B issuer not cooperating'
C.T. Engineering Polymers Pvt Ltd       CC                 CRISIL B       5       Reaffirmed
DBS Automobiles Pvt Ltd                 CC                 CRISIL BB-     60
Upgraded from 'CRISIL B+'
DBS Automobiles Pvt Ltd                 TL                 CRISIL BB-     20
Upgraded from 'CRISIL B+'
Hemraj Rice Products Pvt Ltd            CC                 CRISIL BB      115     Reaffirmed
Ideas Engineers                         CC                 CRISIL BBB-    50
Upgraded from 'CRISIL BB+'
Ideas Engineers                         Proposed LT Bk     CRISIL BBB-    70
                                        Loan Fac
Upgraded from 'CRISIL BB+'
K.A.S. Industries India Pvt Ltd         CC                 CRISIL BBB     230     Assigned
K.A.S. Industries India Pvt Ltd         TL                 CRISIL BBB     377.6   Assigned
Kalinga Enterprises Pvt Ltd             CC                 CRISIL BB-     90
Upgraded from 'CRISIL B+'
Khaitan Paper and Packaging Pvt Ltd     CC                 CRISIL B+      20      Reaffirmed
Khaitan Paper and Packaging Pvt Ltd     Proposed TL        CRISIL B+      4       Reaffirmed
Khaitan Paper and Packaging Pvt Ltd     TL                 CRISIL B+      36      Assigned
Lavish Granito Pvt Ltd                  CC                 CRISIL BB+     200     Reaffirmed
Lavish Granito Pvt Ltd                  LT Loan            CRISIL BB+     228     Reaffirmed
Leap India Pvt Ltd                      Proposed TL        CRISIL BBB-    250     Assigned
Leap India Pvt Ltd                      LT Loan            CRISIL BBB-    2500    Assigned
Leap India Pvt Ltd                      NCD                CRISIL BBB-    250     Assigned
Likith Agro Foods Pvt Ltd               CC                 CRISIL BB-     100     Reaffirmed
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Mayasheel Retail India Ltd              TL                 CRISIL BB+     280.5   Assigned
Mayasheel Retail India Ltd              Proposed TL        CRISIL BB+     350     Assigned
Mayasheel Retail India Ltd              CC                 CRISIL BB+     50      Assigned
Mayasheel Retail India Ltd              Proposed FB Bk     CRISIL BB+     319.5   Assigned
                                        Limits
Nandi Sahakari Sakkare Karakhane NiyamitSugar Pledge CC    CRISIL BB      750
Migrated from 'CRISIL BB+ issuer not cooperating'
Nilanjan Iron Pvt Ltd                   CC                 CRISIL BB      72.9
Upgraded from 'CRISIL BB-'

Nilanjan Iron Pvt Ltd                   Rupee TL           CRISIL BB      17.1
Upgraded from 'CRISIL BB-'
P.S.Earthmovers Pvt Ltd                 Electronic Dealer  CRISIL B       180     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Pankaj International - Ludhiana         TL                 CRISIL BB      15.1    Assigned
Pankaj International - Ludhiana         Proposed FB Bk     CRISIL BB      10.2    Assigned
                                        Limits
Pankaj International - Ludhiana         CC                 CRISIL BB      31      Assigned
Panna Textile Industries Pvt Ltd        Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Proventus Life Sciences Pvt Ltd         Open CC            CRISIL BB-     30      Assigned
Proventus Life Sciences Pvt Ltd         Mortgage Loan Fac  CRISIL BB-     85      Assigned
Proventus Life Sciences Pvt Ltd         Bill Discounting   CRISIL BB-     5       Assigned
Prudhvi Constructions Pvt Ltd           Proposed LT Bk     CRISIL BB      60      Reaffirmed
                                        Loan Fac
Prudhvi Constructions Pvt Ltd           Secured Overdraft  CRISIL BB      60      Reaffirmed
                                        Fac
Saimirra Innopharm Pvt Ltd              TL                 CRISIL BB-     70      Assigned
Saimirra Innopharm Pvt Ltd              Bill Discounting   CRISIL BB-     15      Assigned
Sandeep Rice Mill                       CC                 CRISIL BB-     120     Reaffirmed
Satyam Agro Trade Pvt Ltd               CC                 CRISIL D       40
Downgraded from 'CRISIL BB-'
Satyam Agro Trade Pvt Ltd               LOC                CRISIL D       70
Downgraded from 'CRISIL BB-'
Satyam Eximtex International Pvt Ltd    CC                 CRISIL D       500
Downgraded from 'CRISIL BB'
Shalimar Chemical Works Pvt Ltd         CC                 CRISIL BBB     297
Issuer Not Cooperating; Migrated from 'CRISIL A'
Shalimar Chemical Works Pvt Ltd         TL                 CRISIL BBB     98.2
Issuer Not Cooperating; Migrated from 'CRISIL A'
Sree Venkateshwara Enterprises          CC                 CRISIL BB      50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sree Venkateshwara Enterprises          Proposed CC Limit  CRISIL BB      5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
The Jute Corporation of India Ltd       CC                 CRISIL A       500     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Triveni Smelters Pvt Ltd                CC                 CRISIL BB+     110     Reaffirmed
Triveni Smelters Pvt Ltd                TL                 CRISIL BB+     45      Assigned
Unik Traders                            CC                 CRISIL B       200     Reaffirmed
Vijay Engineering and Machinery Co.     Bill Discounting   CRISIL BBB-    10      Reaffirmed
Vijay Engineering and Machinery Co.     CC                 CRISIL BBB-    45      Reaffirmed
Vimala Feeds Pvt Ltd                    CC                 CRISIL BBB+    240     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Vimala Feeds Pvt Ltd                    Proposed LT Bk     CRISIL BBB+    42.5    Reaffirmed
                                        Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Zinzuwadia Brothers Jewellers           CC                 CRISIL BB      120     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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