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)
