February 8, 2019 / 4:54 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Feb 8

    Feb 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 7, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abb Infra Buildcon Pvt Ltd              Proposed BG        CRISIL A4+     60      Assigned
AKA Logistics Pvt Ltd                   Proposed BG        CRISIL A1      300     Assigned
AKA Logistics Pvt Ltd                   BG                 CRISIL A1      800     Assigned
AKA Logistics Pvt Ltd                   CP                 CRISIL A1      50      Reaffirmed
D. Navinchandra Exports Pvt Ltd         Post Shipment      CRISIL A2      760     Reaffirmed
                                        Credit
Globe Cotyarn Pvt Ltd                   Foreign Demand     CRISIL A3      160     Reaffirmed
                                        Bill Purchase
Globe Cotyarn Pvt Ltd                   Foreign            CRISIL A3      90      Reaffirmed
                                        Discounting Bill
                                        Purchase
Globe Cotyarn Pvt Ltd                   LOC                CRISIL A3      20      Reaffirmed
Globe Cotyarn Pvt Ltd                   Packing Credit     CRISIL A3      270     Reaffirmed
GRP Ltd                                 LOC$               CRISIL A2      50      Reaffirmed
$Interchangeable with bank guarantee
Heritage Foods Ltd                      BG                 CRISIL A1      73.4    Upgraded from
                                                                                  CRISIL A2+
Heritage Foods Ltd                      LOC                CRISIL A1      51.6    Upgraded from
                                                                                  CRISIL A2+
India Infoline Finance Ltd              CP Programme(IPO   CRISIL A1+     60000   Reaffirmed
                                        Financing)
India Infoline Finance Ltd              CP                 CRISIL A1+     80000   Reaffirmed
IndoStar Capital Finance Ltd            CP Programme       CRISIL A1+     20000   Reaffirmed
Maa Kailashwanti Agro Industries        Proposed NFBL      CRISIL A4+     22.3    Assigned
Maa Kailashwanti Agro Industries        BG                 CRISIL A4+     30      Assigned
Panorama Electronics Pvt Ltd            BG                 CRISIL A4+     72.1    Upgraded from
                                                                                  CRISIL A4
Panorama Electronics Pvt Ltd            LOC & BG           CRISIL A4+     31      Upgraded from
                                                                                  CRISIL A4
LONG TERM RATINGS:
-------------------
Abb Infra Buildcon Pvt Ltd              Proposed TL        CRISIL BB      180     Assigned
AKA Logistics Pvt Ltd                   Proposed CC Limit  CRISIL A       50      Assigned
AKA Logistics Pvt Ltd                   CC                 CRISIL A       100     Assigned
D. Navinchandra Exports Pvt Ltd         CC                 CRISIL BBB+    530     Reaffirmed
(Outlook revised from Stable)
D. Navinchandra Exports Pvt Ltd         Export Packing     CRISIL BBB+    750     Reaffirmed
                                        Credit
(Outlook revised from Stable)
D. Navinchandra Exports Pvt Ltd         Post Shipment      CRISIL BBB+    360     Reaffirmed
                                        Credit
(Outlook revised from Stable)
D. Navinchandra Exports Pvt Ltd         Proposed FB Bk     CRISIL BBB+    760     Assigned
                                        Limits
(Outlook revised from Stable)
D. Navinchandra Exports Pvt Ltd         Standby LOC        CRISIL BBB+    80      Assigned
(Outlook revised from Stable)
D. Navinchandra Exports Pvt Ltd         Standby Line of    CRISIL BBB+    160     Assigned
                                        Credit
(Outlook revised from Stable)
Educational Society Of St. Mary's       Proposed TL        CRISIL BBB-    14      Assigned
Academy
Enkay Foam Pvt Ltd                      CC                 CRISIL B       100     Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
Globe Cotyarn Pvt Ltd                   CC                 CRISIL BBB-    20      Reaffirmed
GRP Ltd                                 CC                 CRISIL BBB+    570     Reaffirmed
GRP Ltd                                 Proposed WC Fac    CRISIL BBB+    373.2   Reaffirmed
GRP Ltd                                 TL                 CRISIL BBB+    61.4    Reaffirmed
Heritage Foods Ltd                      CC                 CRISIL A       1000    Upgraded from
                                                                                  CRISIL A-
Heritage Foods Ltd                      Rupee TL           CRISIL A       2910    Upgraded from
                                                                                  CRISIL A-
Heritage Nutrivet Ltd                   CC                 CRISIL BBB+    80      Upgraded from
                                                                                  CRISIL BBB
Heritage Nutrivet Ltd                   Proposed LT Bk     CRISIL BBB+    82.5    Upgraded from
                                        Loan Fac                                  CRISIL BBB
Heritage Nutrivet Ltd                   Rupee TL           CRISIL BBB+    187.5   Upgraded from
                                                                                  CRISIL BBB
India Infoline Finance Ltd              NCD                CRISIL AA      5000    Assigned
India Infoline Finance Ltd              NCD                CRISIL AA      50000   Reaffirmed
India Infoline Finance Ltd              Subordinated Debt  CRISIL AA      10000   Reaffirmed
India Infoline Finance Ltd              LT Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Intercontinental Infrastructure Ltd     LT Loan            CRISIL B-      268.5   Withdrawn
Intercontinental Infrastructure Ltd     Proposed LT Bk     CRISIL B-      500     Withdrawn
                                        Loan Fac
Maa Kailashwanti Agro Industries        Proposed CC Limit  CRISIL BB      20      Assigned
Maa Kailashwanti Agro Industries        LT Loan            CRISIL BB      5       Assigned
Maa Kailashwanti Agro Industries        CC                 CRISIL BB      22.5    Assigned
Maschio Gaspardo India Pvt Ltd          CC                 CRISIL BBB     50      Reaffirmed
Maschio Gaspardo India Pvt Ltd          WC Fac             CRISIL BBB     200     Assigned
Mayasheel Retail LLP                    CC                 CRISIL BB+     45      Withdrawn
Mayasheel Retail LLP                    Proposed LT Bk     CRISIL BB+     335.7   Withdrawn
                                        Loan Fac
Mayasheel Retail LLP                    TL                 CRISIL BB+     78      Withdrawn
Mayasheel Retail LLP                    WC Fac             CRISIL BB+     41.3    Withdrawn
MSR Sea Foods                           CC                 CRISIL B+      50      Assigned
MSR Sea Foods                           Proposed CC Limit  CRISIL B+      200     Assigned
Nisha Enterprises                       CC                 CRISIL B+      70      Reaffirmed
Panorama Electronics Pvt Ltd            CC                 CRISIL BB-     70      Upgraded from
                                                                                  CRISIL B+
Panorama Electronics Pvt Ltd            Proposed LT Bk     CRISIL BB-     1.9     Upgraded from
                                        Loan Fac                                  CRISIL B+
Parle Agro Pvt Ltd                      CC*                CRISIL AA      1000    Reaffirmed
*Interchangeable with letter of credit
Parle Agro Pvt Ltd                      Proposed TL        CRISIL AA      1912.1  Reaffirmed
Parle Agro Pvt Ltd                      TL                 CRISIL AA      2387.9  Reaffirmed
Patwari Steels Pvt Ltd                  CC                 CRISIL B+      110     Upgraded from
                                                                                  CRISIL B
Patwari Steels Pvt Ltd                  Standby Line of    CRISIL B+      7.2     Upgraded from
                                        Credit                                    CRISIL B
Q Nineth Ceramics                       Open CC            CRISIL B+      110     Reaffirmed
Rajesh Housing Pvt Ltd                  NCD                CRISIL B       1400    Downgraded
                                                                                  from CRISIL
                                                                                  B+(SO)
Sagar Milk Chilling Centre              Proposed LT Bk     CRISIL BB-     90      Assigned
                                        Loan Fac
Sandhya Poultry Farm                    CC                 CRISIL B       80      Reaffirmed
Sandhya Poultry Farm                    LT Loan            CRISIL B       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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