February 12, 2019 / 4:57 AM / in 3 months

CRISIL ratings for Indian debt instruments-Feb 12

   Feb 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 11, 2019.


COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ACME Fitness Pvt Ltd                    LOC                CRISIL A4+     20      Reaffirmed
Agrasen Sponge Pvt Ltd                  BG                 CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Arafaath Travels Pvt Ltd                BG                 CRISIL A4+     45      Reaffirmed
Bls Impex Pvt Ltd                       Packing Credit     CRISIL A4      90      Assigned
Cosmos Infra                            Bill Discounting   CRISIL A4+     50      Assigned
Haryana Conductors Pvt Ltd              BG                 CRISIL A4+     60      Reaffirmed
Haryana Conductors Pvt Ltd              LOC                CRISIL A4+     60      Reaffirmed
Institute For Technology and Management Overdraft          CRISIL A3+     100     Assigned
Trust
Kamala Cold Storage Pvt Ltd             BG                 CRISIL A4      1.5     Reaffirmed
Krishna Traders                         Foreign Bill       CRISIL A4+     245     Reaffirmed
                                        Purchase
Krishna Traders                         Packing Credit     CRISIL A4+     230     Reaffirmed
Krishna Traders                         Standby Export     CRISIL A4+     40      Reaffirmed
                                        Packing Credit
Machino Plastics Ltd                    LOC & BG           CRISIL A2      10      Reaffirmed
Millenium Road Construction Pvt Ltd     BG                 CRISIL A4+     75      Reaffirmed
People Combine Avenues Ltd              Overdraft          CRISIL A2      300     Migrated from
                                                                                  CRISIL A1
(Issuer Not Cooperating)
Plantrich Agri Tech Pvt Ltd             BG                 CRISIL A4      0.5     Reaffirmed
Plantrich Agri Tech Pvt Ltd             Packing Credit     CRISIL A4      50      Reaffirmed
Prima Plastics Ltd                      LOC                CRISIL A3      65      Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Rajeev Metal Industries                 Export Packing     CRISIL A4+     24      Reaffirmed
                                        Credit
Rajeev Metal Industries                 Foreign Bill       CRISIL A4+     60      Reaffirmed
                                        Purchase
Rajeev Metal Industries                 Packing Credit     CRISIL A4+     60      Reaffirmed
Rajeev Metal Industries                 Proposed Packing   CRISIL A4+     6       Reaffirmed
                                        Credit
Ramjee Leathers and Supplies            BG                 CRISIL A4+     5       Reaffirmed
S.S. Constructions                      BG                 CRISIL A4      40      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
S.S.Natarajan & Co                      BG                 CRISIL A4+     40      Reaffirmed
Sandha Heemghar Pvt Ltd                 BG                 CRISIL A4      1.2     Reaffirmed
Sri Sainath Constructions               BG                 CRISIL A4+     63      Reaffirmed
Sumesh Engineers Pvt Ltd                BG                 CRISIL A4      50      Reaffirmed
Tan-B Constructions                     BG                 CRISIL A4      12.5    Reaffirmed


LONG TERM RATINGS:
-------------------
ACME Fitness Pvt Ltd                    CC*                CRISIL BB-     280     Reaffirmed
*LC sublimit of Rs 23 Crores
Agrasen Sponge Pvt Ltd                  CC                 CRISIL BB-     150     Upgraded from
                                                                                  CRISIL B+
Agrasen Sponge Pvt Ltd                  Proposed LT Bk     CRISIL BB-     15      Upgraded from
                                        Loan Fac                                  CRISIL B+
Arafaath Travels Pvt Ltd                Overdraft          CRISIL BB-     10      Reaffirmed
Arafaath Travels Pvt Ltd                Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Bls Impex Pvt Ltd                       Foreign Bill       CRISIL B+      60      Reaffirmed
                                        Discounting
Chalimeda Feeds Pvt Ltd                 CC                 CRISIL BBB+    350     Reaffirmed
Chalimeda Feeds Pvt Ltd                 CC-Stock           CRISIL BBB+    50      Reaffirmed
Chalimeda Feeds Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    162.9   Reaffirmed
                                        Loan Fac
Chalimeda Feeds Pvt Ltd                 TL                 CRISIL BBB+    154.1   Assigned
Cosmos Infra                            Proposed CC Limit  CRISIL BB      55      Assigned
Cosmos Infra                            CC                 CRISIL BB      95      Assigned
Dakshin Foundry Pvt Ltd                 CC                 CRISIL BB+     80      Upgraded from
                                                                                  CRISIL BB
Dakshin Foundry Pvt Ltd                 Proposed WC Fac    CRISIL BB+     140     Upgraded from
                                                                                  CRISIL BB
Freedom Enterprises                     Foreign LOC        -              77.5    Withdrawn
(Issuer Not Cooperating)
Freedom Enterprises                     Proposed LT Bk     -              22.5    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Gilpin Tours and Travel Management      CC                 CRISIL BB+     195     Reaffirmed
India Pvt Ltd
Gilpin Tours and Travel Management      Proposed CC Limit  CRISIL BB+     5       Assigned
India Pvt Ltd
Gurukrupa Exports                       CC                 -              365     Withdrawn
(Issuer Not Cooperating)
Haryana Conductors Pvt Ltd              CC                 CRISIL BB+     75      Reaffirmed
Haryana Conductors Pvt Ltd              Proposed LT Bk     CRISIL BB+     30      Reaffirmed
                                        Loan Fac
Haryana Conductors Pvt Ltd              Standby Line of    CRISIL BB+     25      Assigned
                                        Credit
India Grid Trust                        LT Loan            CRISIL AAA     10000   Reaffirmed
India Grid Trust                        NCD                CRISIL AAA     4350    Assigned
India Grid Trust                        NCD                CRISIL AAA     2500    Reaffirmed

India Grid Trust                        Corporate Credit   CRISIL AAA             Reaffirmed
                                        Rating
Institute For Technology and Management LT Loan            CRISIL BBB     1100    Assigned
Trust
Jai Ambey Distributors                  CC                 CRISIL B+      55      Assigned
Jai Ambey Distributors                  Proposed CC Limit  CRISIL B+      10      Assigned
Jai Ravechi Chemicals Pvt Ltd           CC                 CRISIL B       50      Reaffirmed
Jai Ravechi Chemicals Pvt Ltd           Proposed LT Bk     CRISIL B       85      Reaffirmed
                                        Loan Fac
Jenam Enterprises Pvt Ltd               CC                 CRISIL D       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Jenam Enterprises Pvt Ltd               Inland/Import LOC  CRISIL D       77.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Jenam Enterprises Pvt Ltd               Proposed LT Bk     CRISIL D       22.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Kamala Cold Storage Pvt Ltd             CC                 CRISIL B+      64.7    Upgraded from
                                                                                  CRISIL B
Kamala Cold Storage Pvt Ltd             WC Fac             CRISIL B+      13.4    Upgraded from
                                                                                  CRISIL B
Krishna Traders                         CC                 CRISIL BB+     15      Reaffirmed
Machino Plastics Ltd                    CC                 CRISIL BBB+    385     Reaffirmed
Machino Plastics Ltd                    Channel Financing  CRISIL BBB+    100     Reaffirmed
Machino Plastics Ltd                    Proposed LT Bk     CRISIL BBB+    378.4   Reaffirmed
                                        Loan Fac
Machino Plastics Ltd                    TL                 CRISIL BBB+    849.6   Reaffirmed
Marut Nandan Textiles Ltd               CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B+
Marut Nandan Textiles Ltd               Proposed CC Limit  CRISIL BB-     13.7    Upgraded from
                                                                                  CRISIL B+
Marut Nandan Textiles Ltd               TL                 CRISIL BB-     6.3     Upgraded from
                                                                                  CRISIL B+
Millenium Road Construction Pvt Ltd     CC                 CRISIL BB+     50      Reaffirmed
People Combine Avenues Ltd              LT Loan            CRISIL BBB+    1500    Migrated from
                                                                                  CRISIL A
(Issuer Not Cooperating)
People Combine Knowledge Solutions Pvt  TL                 CRISIL BBB+(SO)350     -
Ltd
(Issuer Not Cooperating)
People Combine Solutions Pvt Ltd        TL                 CRISIL BBB+(SO)1200    -
(Issuer Not Cooperating)
Plantrich Agri Tech Pvt Ltd             CC                 CRISIL B+      10      Reaffirmed
Plantrich Agri Tech Pvt Ltd             LT Loan            CRISIL B+      1.6     Reaffirmed
Plantrich Agri Tech Pvt Ltd             Proposed LT Bk     CRISIL B+      2.9     Reaffirmed
                                        Loan Fac
Prima Plastics Ltd                      CC                 CRISIL BBB-    240     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Prima Plastics Ltd                      Proposed LT Bk     CRISIL BBB-    45      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Prima Plastics Ltd                      TL                 CRISIL BBB-    50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Rai Fertilizer Center                   CC                 CRISIL BB      90      Reaffirmed
Rajshree Educational Trust              TL                 -              980     Withdrawn
(Issuer Not Cooperating)
Ramjee Leathers and Supplies            Bill Discounting   CRISIL BB      25      Reaffirmed
Ramjee Leathers and Supplies            Export Packing     CRISIL BB      30      Reaffirmed
                                        Credit
Ramjee Leathers and Supplies            Proposed LT Bk     CRISIL BB      20.7    Reaffirmed
                                        Loan Fac
Ramjee Leathers and Supplies            WC TL              CRISIL BB      19.3    Reaffirmed
S.S. Constructions                      Overdraft          CRISIL B-      30      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
S.S.Natarajan & Co                      Overdraft          CRISIL BB      25      Reaffirmed
S.S.Natarajan & Co                      Proposed WC Fac    CRISIL BB      35      Reaffirmed
Sadhana Nitro Chem Ltd                  CC                 -              140     Withdrawn
Sadhana Nitro Chem Ltd                  LOC & BG           -              100     Withdrawn
Sadhana Nitro Chem Ltd                  Proposed LT Bk     -              33.2    Withdrawn
                                        Loan Fac
Sandha Heemghar Pvt Ltd                 CC                 CRISIL B+      112.7   Reaffirmed
Sandha Heemghar Pvt Ltd                 Proposed TL        CRISIL B+      2.1     Reaffirmed
Sandha Heemghar Pvt Ltd                 WC Fac             CRISIL B+      20      Reaffirmed
Shree Somnath Cotex                     CC                 CRISIL BB-     140     Reaffirmed
Shree Somnath Cotex                     Proposed LT Bk     CRISIL BB-     36.5    Reaffirmed
                                        Loan Fac
Sidds Jewels India LLP                  CC                 -              712.5   Withdrawn
Sidds Jewels India LLP                  TL                 -              67.5    Withdrawn
Sidds Jewels Pvt Ltd                    Post Shipment      -              2737.4  Withdrawn
                                        Credit
Sidds Jewels Pvt Ltd                    Proposed FB Bk     -              250     Withdrawn
                                        Limits
Sidds Jewels Pvt Ltd                    Standby FB Limits  -              382.6   Withdrawn
Souparnika Export Enterprises           Export Packing     -              100     Withdrawn
                                        Credit
(Issuer Not Cooperating)
Sri Krishna Diamonds & Jewellery        Proposed LT Bk     CRISIL BB+     200     Reaffirmed
                                        Loan Fac
Sri Sainath Constructions               CC                 CRISIL BB+     16      Reaffirmed
Sri Sainath Constructions               Proposed BG        CRISIL BB+     31      Reaffirmed
Star Plastics                           CC                 -              155     Withdrawn
(Issuer Not Cooperating)
Star Plastics                           Proposed LT Bk     -              45      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Star Plastics                           Proposed Packing   -              50      Withdrawn
                                        Credit
(Issuer Not Cooperating)
Star Plastics                           TL                 -              50      Withdrawn
(Issuer Not Cooperating)
Subh Laxmi Multisolution Pvt Ltd        CC                 -              120     Withdrawn
(Issuer Not Cooperating)
Subh Laxmi Multisolution Pvt Ltd        Proposed FB Bk     -              10.9    Withdrawn
                                        Limits
(Issuer Not Cooperating)
Subh Laxmi Multisolution Pvt Ltd        TL                 -              19.1    Withdrawn
(Issuer Not Cooperating)
Sumesh Engineers Pvt Ltd                CC                 CRISIL B+      30      Reaffirmed
Super Seals India Ltd                   CC                 CRISIL B+      80      Reaffirmed
Super Seals India Ltd                   LT Loan            CRISIL B+      20      Reaffirmed
Taiko Plastic Technologies Pvt Ltd      CC                 CRISIL B       35      Assigned
Taiko Plastic Technologies Pvt Ltd      TL                 CRISIL B       115     Assigned
Tan-B Constructions                     Overdraft          CRISIL B+      77.5    Reaffirmed
Tan-B Constructions                     Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Tarini Infrastructure Ltd               Proposed LT Bk     -              110     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Tarini Infrastructure Ltd               TL                 -              190     Withdrawn
(Issuer Not Cooperating)
The Be Be Rubber Estates Ltd            CC                 CRISIL B       48.5    Reaffirmed
The Be Be Rubber Estates Ltd            LT Loan            CRISIL B       20      Reaffirmed
The Be Be Rubber Estates Ltd            Proposed LT Bk     CRISIL B       3.8     Reaffirmed
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: 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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