January 10, 2019 / 4:33 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Jan 10

    Jan 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 9, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
D D Enterprise - Guwahati               Proposed ST Bk     CRISIL A4      20      Assigned
                                        Loan Fac
D D Enterprise - Guwahati               BG                 CRISIL A4      20      Assigned
Dmsons Metal Pvt Ltd                    LOC                CRISIL A3+     780     Reaffirmed
Gravit-Onsite-JV, India                 Proposed LOC       CRISIL A4      70      Assigned
John Deere Financial India Pvt Ltd      CP                 CRISIL A1+     6000    Reaffirmed
KPIT Technologies Ltd                   BG                 CRISIL A1+     20      #
Logan Ceramic                           BG                 CRISIL A4+     18.5    Reaffirmed
Manjeera Hotels and Resorts Pvt Ltd     Proposed BG        CRISIL A4+     10      Reassigned
Omax Cotspin Pvt Ltd                    BG                 CRISIL A3      55      Reaffirmed
Piyush Enterprises                      BG                 CRISIL A4      50      Reaffirmed
Sharp Ferro Alloys Ltd                  Proposed NFBL      CRISIL A3+     0.7     Assigned
Sharp Ferro Alloys Ltd                  LOC & BG           CRISIL A3+     295     Assigned
Sharp Ferro Alloys Ltd                  LOC                CRISIL A3+     107.5   Assigned
Sharp Ferro Alloys Ltd                  Proposed LOC & BG  CRISIL A3+     197.5   Assigned
T.Abdul Wahid and Co                    Export Packing     CRISIL A4      250     Reaffirmed
                                        Credit
T.Abdul Wahid and Co                    LOC                CRISIL A4      250     Reaffirmed
T.Abdul Wahid and Co                    Standby LOC        CRISIL A4      50      Reaffirmed
 
LONG TERM RATINGS:
-------------------
Alamdar Cold Store                      CC                 CRISIL D       30      Downgraded
                                                                                  from CRISIL B
Alamdar Cold Store                      LT Loan            CRISIL D       241.4   Downgraded
                                                                                  from CRISIL B
Alamdar Cold Store                      Proposed LT Bk     CRISIL D       8.6     Downgraded
                                        Loan Fac                                  from CRISIL B
Arya Industries                         CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL
                                                                                  B+
Arya Industries                         TL                 CRISIL BB-     25      Upgraded from
                                                                                  CRISIL
                                                                                  B+
Bigbloc Construction Ltd                CC                 CRISIL BB      130     #
Bigbloc Construction Ltd                LT Loan            CRISIL BB      100     #
Bigbloc Construction Ltd                Proposed LT Bk     CRISIL BB      20      #
                                        Loan Fac
D D Enterprise - Guwahati               Proposed LT Bk     CRISIL B+      30      Assigned
                                        Loan Fac
D D Enterprise - Guwahati               CC                 CRISIL B+      40      Assigned
Divya Pharmacy Unit Of Divya Yog Mandir CC                 CRISIL BB+     2000    Withdrawn
Trust
(Issuer Not Cooperating)
Dmsons Metal Pvt Ltd                    CC                 CRISIL BBB     220     Reaffirmed
Gaddala Financial Services Pvt Ltd      Proposed LT Bk     CRISIL B       100     Reaffirmed
                                        Loan Fac
Gravit-Onsite-JV, India                 Proposed FB Bk     CRISIL B+      2.5     Assigned
                                        Limits
Gravit-Onsite-JV, India                 Proposed BG        CRISIL B+      27.5    Assigned
Gravit-Onsite-JV, India                 Proposed CC Limit  CRISIL B+      20      Assigned
John Deere Financial India Pvt Ltd      Proposed LT Bk     CRISIL AAA     1345    Reaffirmed
                                        Loan Fac
John Deere Financial India Pvt Ltd      TL                 CRISIL AAA     1355    Reaffirmed
John Deere Financial India Pvt Ltd      NCD                CRISIL AAA     5000    Reaffirmed
KPIT Technologies Ltd                   TL                 CRISIL AA-     796.9   #
KPIT Technologies Ltd                   WC Fac             CRISIL AA-     3628.6  # 
Logan Ceramic                           CC                 CRISIL BB-     40      Reaffirmed
Logan Ceramic                           TL                 CRISIL BB-     71      Reaffirmed
Manjeera Hotels and Resorts Pvt Ltd     TL                 CRISIL BB+     130     Reaffirmed
Manjeera Hotels and Resorts Pvt Ltd     Proposed TL        CRISIL BB+     80      Reaffirmed
Manjeera Hotels and Resorts Pvt Ltd     Proposed Overdraft CRISIL BB+     30      Reaffirmed
                                        Fac
N. Z. Seasonal Wear Pvt Ltd             Buyer`s Credit     CRISIL BB      40
(Migrated from CRISIL BB and Withdrawn)
N. Z. Seasonal Wear Pvt Ltd             CC                 CRISIL BB      74
(Migrated from CRISIL BB and Withdrawn)
N. Z. Seasonal Wear Pvt Ltd             LT Loan            CRISIL BB      36
(Migrated from CRISIL BB and Withdrawn)
Omax Cotspin Pvt Ltd                    CC                 CRISIL BBB-    400     Reaffirmed
Omax Cotspin Pvt Ltd                    Proposed CC Limit  CRISIL BBB-    100     Reaffirmed
Omax Cotspin Pvt Ltd                    TL                 CRISIL BBB-    1100    Reaffirmed
Piyush Enterprises                      CC                 CRISIL B+      10      Reaffirmed
Samriddhi Petroproducts Pvt Ltd         Proposed LT Bk     CRISIL BB+     200     Assigned
                                        Loan Fac
Sharp Ferro Alloys Ltd                  CC                 CRISIL BBB     335     Assigned
Sharp Ferro Alloys Ltd                  Proposed TL        CRISIL BBB     65      Assigned
Sharp Ferro Alloys Ltd                  TL                 CRISIL BBB     24.3    Assigned
Sitaram Denims India Ltd                CC                 CRISIL BB+     75      Upgraded from
                                                                                  CRISIL BB
Sitaram Denims India Ltd                Proposed LT Bk     CRISIL BB+     4       Upgraded from
                                        Loan Fac                                  CRISIL BB
Sitaram Denims India Ltd                TL                 CRISIL BB+     671     Upgraded from
                                                                                  CRISIL BB
T.Abdul Wahid and Co                    Proposed LT Bk     CRISIL B+      24      Reaffirmed
                                        Loan Fac
T.Abdul Wahid and Co                    TL                 CRISIL B+      6       Reaffirmed
Uniton Infra Pvt Ltd                    Proposed LT Bk     CRISIL BB-     50      Assigned
                                        Loan Fac
Uniton Infra Pvt Ltd                    Secured Overdraft  CRISIL BB-     150     Assigned
                                        Fac
Wind Construction Ltd                   BG                 CRISIL BBB-    250     Reaffirmed
Wind Construction Ltd                   TL                 CRISIL BBB-    2250    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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