January 5, 2018 / 8:25 AM / 18 days ago

CRISIL ratings for Indian debt instruments-Jan 5

    Jan 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 4, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alumayer India Pvt Ltd                  BG                 CRISIL A4+     27.5    Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Alumayer India Pvt Ltd                  LOC & BG           CRISIL A4+     7.5     Assigned
Issuer Not Cooperating
Amber Enterprises India Pvt Ltd         Bill Purchase-     CRISIL A2+     8       Reaffirmed
                                        Discounting Fac
Amber Enterprises India Pvt Ltd         LOC                CRISIL A2+     81.25   Reaffirmed
Amber Enterprises India Pvt Ltd         LOC & BG           CRISIL A2+     105     Reaffirmed
Amber Enterprises India Pvt Ltd         Sales Bill         CRISIL A2+     10      Reaffirmed
                                        Discounting
Arjuna Natural Extracts Ltd             BG                 CRISIL A2+     2.5     Withdrawal
Arjuna Natural Extracts Ltd             Foreign Bill       CRISIL A2+     2       Withdrawal
                                        Discounting
Arjuna Natural Extracts Ltd             LOC                CRISIL A2+     0.5     Withdrawal
Cogeme Precision Parts India Pvt Ltd    LOC                CRISIL A3+     3       Reaffirmed
Delta Finochem Pvt Ltd                  BG                 CRISIL A3      1       Reaffirmed
Delta Finochem Pvt Ltd                  LOC                CRISIL A3      20      Reaffirmed
Delta Finochem Pvt Ltd                  Standby Line of    CRISIL A3      2.25    Reaffirmed
                                        Credit
E-Durables                              LOC                CRISIL A2      8       Upgraded from
                                                                                  CRISIL A3+
E-Vision                                LOC                CRISIL A2      13.5    Upgraded from
                                                                                  CRISIL A3+
Foods and Inns Ltd                      BG                 CRISIL A4+     1.4     Reaffirmed
Foods and Inns Ltd                      Inland/Import LOC  CRISIL A4+     2       Reaffirmed
Foods and Inns Ltd                      LOC                CRISIL A4+     28.5    Reaffirmed
Foods and Inns Ltd                      Packing Credit     CRISIL A4+     65.05   Reaffirmed
Foods and Inns Ltd                      Pre Shipment CreditCRISIL A4+     15      Reaffirmed
Foods and Inns Ltd                      Pre Shipment Fac   CRISIL A4+     20.85   Reaffirmed
Hi-Tech Engineers and Consultants Pvt   BG                 CRISIL A3      55      Reaffirmed
Ltd
K. N. C. Agro Ltd                       BG                 CRISIL A4+     1       Reaffirmed
K. N. C. Agro Ltd                       Bill Discounting   CRISIL A4+     5       Reaffirmed
                                        under LOC
Kamala International Exim Pvt Ltd       Foreign Bill       CRISIL A1      0.5     Reaffirmed
                                        Discounting
Kamala International Exim Pvt Ltd       Foreign Exchange   CRISIL A1      4.65    Reaffirmed
                                        Forward
Metalkraft Forming Industries Pvt Ltd   BG                 CRISIL A3+     0.75    Upgraded from
                                                                                  CRISIL A3
Metalkraft Forming Industries Pvt Ltd   Inland/Import LOC  CRISIL A3+     2       Upgraded from
                                                                                  CRISIL A3
Paharpur Cooling Towers Ltd             CP                 CRISIL A1      750     Reaffirmed
Paharpur Cooling Towers Ltd             BG*                CRISIL A1      250     Reaffirmed
*Interchageable with letter of credit amounting Rs.160 crore and buyers credit amounting Rs.70
crore
Paharpur Cooling Towers Ltd             LOC & BG           CRISIL A1      600     Reaffirmed
Raj Shyama Constructions Pvt Ltd        BG                 CRISIL A3+     156.28  Reaffirmed
Raj Shyama Constructions Pvt Ltd        Overdraft          CRISIL A3+     7       Reaffirmed
Rajarambapu Patil Sah Dudh Sangh Ltd    ST Loan            CRISIL A3      25      Assigned
Ravi Foods Pvt Ltd                      BG                 CRISIL A1      5       Reaffirmed
Ravi Foods Pvt Ltd                      Inland/Import LOC  CRISIL A1      5       Reaffirmed
Ravi Foods Pvt Ltd                      Packing Credit in  CRISIL A1      25      Reaffirmed
                                        Foreign Currency
S. N. Bhobe and Associates Pvt Ltd      BG                 CRISIL A4+     12      Reaffirmed
Sai Computers Ltd                       BG                 CRISIL A4+     15      Reaffirmed
Sai Computers Ltd                       LOC                CRISIL A4+     3       Reaffirmed
Superior Industries Ltd                 BG                 CRISIL A4+     6       Reaffirmed
Superior Industries Ltd                 Overdraft          CRISIL A4+     38      Assigned

LONG TERM RATINGS:
-------------------
Abharan Jewellers Pvt Ltd               CC                 CRISIL BBB+    34.5    Reaffirmed
Abharan Jewellers Pvt Ltd               TL                 CRISIL BBB+    3.5     Reaffirmed
Alumayer India Pvt Ltd                  CC                 CRISIL BB+     10      Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Amber Enterprises India Pvt Ltd         Buyer`s Credit     CRISIL A-      10      Reaffirmed
Amber Enterprises India Pvt Ltd         CC                 CRISIL A-      83.75   Reaffirmed
Amber Enterprises India Pvt Ltd         CC & WC demand loanCRISIL A-      147.5   Reaffirmed
Amber Enterprises India Pvt Ltd         TL                 CRISIL A-      19.01   Reaffirmed
Amber Enterprises India Pvt Ltd         WC Demand Loan     CRISIL A-      10      Reaffirmed
Amber Enterprises India Pvt Ltd         WC TL              CRISIL A-      71.25   Reaffirmed
Arjuna Natural Extracts Ltd             CC                 CRISIL A-      0.8     Withdrawal
Arjuna Natural Extracts Ltd             Export Packing     CRISIL A-      7       Withdrawal
                                        Credit
Arjuna Natural Extracts Ltd             LT Loan            CRISIL A-      4.2     Withdrawal
Cogeme Precision Parts India Pvt Ltd    Buyer`s Credit     CRISIL BBB     3       Reaffirmed
Cogeme Precision Parts India Pvt Ltd    CC                 CRISIL BBB     7       Reaffirmed
Cogeme Precision Parts India Pvt Ltd    Proposed WC Fac    CRISIL BBB     8.5     Reaffirmed
Cogeme Precision Parts India Pvt Ltd    TL                 CRISIL BBB     17      Assigned
Coimbatore Roller Flour Mills Pvt Ltd   CC                 CRISIL BB      14.5    Reaffirmed
Delta Finochem Pvt Ltd                  Bill Discounting   CRISIL BBB-    2       Reaffirmed
Delta Finochem Pvt Ltd                  CC                 CRISIL BBB-    25      Reaffirmed
Delta Finochem Pvt Ltd                  Rupee TL           CRISIL BBB-    2.5     Reaffirmed
Delta Finochem Pvt Ltd                  Standby Line of    CRISIL BBB-    1.8     Assigned
                                        Credit
Dukes Products India Ltd                CC                 CRISIL A       15      Reaffirmed
E-Durables                              CC                 CRISIL BBB+    22      Upgraded from
                                                                                  CRISIL BBB
E-Durables                              Proposed LT Bk     CRISIL BBB+    13.03   Upgraded from
                                        Loan Fac                                  CRISIL BBB
E-Durables                              TL                 CRISIL BBB+    8.07    Upgraded from
                                                                                  CRISIL BBB
E-Vision                                CC                 CRISIL BBB+    47.2    Upgraded from
                                                                                  CRISIL BBB
E-Vision                                Proposed LT Bk     CRISIL BBB+    1.31    Upgraded from
                                        Loan Fac                                  CRISIL BBB
E-Vision                                TL                 CRISIL BBB+    37.99   Upgraded from
                                                                                  CRISIL BBB
Foods and Inns Ltd                      CC                 CRISIL BB+     15.9    Reaffirmed
Foods and Inns Ltd                      Export Packing     CRISIL BB+     9       Reaffirmed
                                        Credit
Foods and Inns Ltd                      Packing Credit     CRISIL BB+     7.43    Reaffirmed
Foods and Inns Ltd                      TL                 CRISIL BB+     11.12   Reaffirmed
Genesis Colors Ltd                      CC                 CRISIL BBB     45      Reaffirmed
Genesis La Mode Pvt Ltd                 CC                 CRISIL BBB     27      Reaffirmed
Genesis La Mode Pvt Ltd                 Proposed LT Bk     CRISIL BBB     3       Reaffirmed
                                        Loan Fac
Genesis Luxury Fashion Pvt Ltd          CC                 CRISIL BBB     28      Reaffirmed
Genesis Luxury Fashion Pvt Ltd          Proposed LT Bk     CRISIL BBB     4       Reaffirmed
                                        Loan Fac
GML India Fashion Pvt Ltd               CC                 CRISIL BBB     2       Assigned
GML India Fashion Pvt Ltd               Proposed LT Bk     CRISIL BBB     4       Assigned
                                        Loan Fac
Harness Cable Connector Pvt Ltd         CC                 CRISIL B+      2       Assigned
Harness Cable Connector Pvt Ltd         Proposed TL        CRISIL B+      3       Assigned
Hi-Tech Engineers and Consultants Pvt   CC                 CRISIL BBB-    1       Reaffirmed
Ltd
Jai Gurudev Ginning And Pressing        CC                 CRISIL B+      5       Assigned
Industries
Jai Gurudev Ginning And Pressing        TL                 CRISIL B+      3.21    Assigned
Industries
K. N. C. Agro Ltd                       Export Packing     CRISIL BB+     50      Reaffirmed
                                        Credit
K. N. C. Agro Ltd                       Proposed LT Bk     CRISIL BB+     4       Reaffirmed
                                        Loan Fac
Kamala International Exim Pvt Ltd       Proposed LT Bk     CRISIL A       4.85    Reaffirmed
                                        Loan Fac
Kirubha Exports                         CC                 CRISIL B+      10      Reaffirmed
Kirubha Exports                         Proposed LT Bk     CRISIL B+      2       Assigned
                                        Loan Fac
Kirubha Exports                         Key CC             CRISIL B+      3       Assigned
KPT Spinning Mills Pvt Ltd              CC                 CRISIL B       3.5     Assigned,
                                                                                  Suspension
                                                                                  revoked
KPT Spinning Mills Pvt Ltd              LT Loan            CRISIL B       2.5     Assigned,
                                                                                  Suspension
                                                                                  revoked
Matxin Labs Pvt Ltd                     Proposed LT Bk     CRISIL BB-     7       Assigned
                                        Loan Fac
Metalkraft Forming Industries Pvt Ltd   CC                 CRISIL BBB     27.5    Upgraded from
                                                                                  CRISIL BBB-
Metalkraft Forming Industries Pvt Ltd   LT Loan            CRISIL BBB     2.25    Upgraded from
                                                                                  CRISIL BBB-
Paharpur Cooling Towers Ltd             CC                 CRISIL A+      150     Reaffirmed
Paharpur Cooling Towers Ltd             LT Bk Fac          CRISIL A+      60      Reaffirmed
Parle Agro Pvt Ltd                      TL                 CRISIL AA      118.79  Assigned
Parle Agro Pvt Ltd                      TL                 CRISIL AA      120     Assigned
Parle Agro Pvt Ltd                      CC*                CRISIL AA      100     Assigned
*Interchangeable with letter of credit
Parle Agro Pvt Ltd                      Proposed TL        CRISIL AA      191.21  Assigned
R.S.G. Exports Pvt Ltd                  CC                 CRISIL BB-     20      Reaffirmed
R.S.G. Exports Pvt Ltd                  TL                 CRISIL BB-     20      Reaffirmed
Radhamani Exports Ltd                   Overdraft          CRISIL BBB-    6       Reaffirmed
Radhamani Textiles Pvt Ltd              CC                 CRISIL BBB-    12      Reaffirmed
Radhamani Textiles Pvt Ltd              Packing Credit     CRISIL BBB-    50      Reaffirmed
Raj Shyama Constructions Pvt Ltd        CC                 CRISIL BBB     11      Reaffirmed
Raj Shyama Constructions Pvt Ltd        Drop Line          CRISIL BBB     20      Reaffirmed
                                        Overdraft Fac
Raj Shyama Constructions Pvt Ltd        Proposed LT Bk     CRISIL BBB     45.72   Assigned
                                        Loan Fac
Rajarambapu Patil Sah Dudh Sangh Ltd    TL                 CRISIL BBB-    5       Assigned
Rajarambapu Patil Sah Dudh Sangh Ltd    CC*                CRISIL BBB-    25      Assigned
*Interchangeable with working capital demand loan (WCDL) and short term loan
Ravi Foods Pvt Ltd                      CC                 CRISIL A       18      Reaffirmed
Ravi Foods Pvt Ltd                      Export Packing     CRISIL A       59      Reaffirmed
                                        Credit
Ravi Foods Pvt Ltd                      Proposed LT Bk     CRISIL A       12      Reaffirmed
                                        Loan Fac
Ravi Foods Pvt Ltd                      Standby FB Limits  CRISIL A       11      Reaffirmed
Ravi Foods Pvt Ltd                      WC Demand Loan     CRISIL A       15      Assigned
RSG Foods Pvt Ltd                       CC                 CRISIL BB-     22      Reaffirmed
S. N. Bhobe and Associates Pvt Ltd      CC                 CRISIL BB      1       Upgraded from
                                                                                  CRISIL BB-
Sai Computers Ltd                       Bill Discounting   CRISIL BB-     0.18    Reaffirmed
Sai Computers Ltd                       CC                 CRISIL BB-     15      Reaffirmed
Sai Computers Ltd                       TL                 CRISIL BB-     0.75    Assigned
Sandu Pharmaceuticals Ltd               CC                 CRISIL BB      10      Reaffirmed
Sandu Pharmaceuticals Ltd               Proposed CC Limit  CRISIL BB      3.35    Reaffirmed
Sri Lakshmi Venkata Krishna Raw &       CC                 CRISIL BB-     28      Reaffirmed
Boiled Rice Mill
Issuer not cooperating
Sri Lakshmi Venkata Krishna Raw &       LT Loan            CRISIL BB-     1.5     Reaffirmed
Boiled Rice Mill
Issuer not cooperating
Sri Lakshmi Venkata Krishna Raw &       Proposed CC Limit  CRISIL BB-     12      Reaffirmed
Boiled Rice Mill
Issuer not cooperating
Sri Lakshmi Venkata Krishna Raw &       Proposed LT Bk     CRISIL BB-     0.5     Assigned
Boiled Rice Mill                        Loan Fac
Issuer not cooperating
Sri Laxmi Narasimhaa Spinning Mill Pvt  CC                 CRISIL D       8       Downgraded
Ltd                                                                               from CRISIL B+
Sri Laxmi Narasimhaa Spinning Mill Pvt  LT Loan            CRISIL D       7       Downgraded
Ltd                                                                               from CRISIL B+
Sri Laxmi Narasimhaa Spinning Mill Pvt  Proposed LT Bk     CRISIL D       2       Downgraded
Ltd                                     Loan Fac                                  from CRISIL B+
Sri Laxmi Narasimhaa Spinning Mill Pvt  WC TL              CRISIL D       3       Downgraded
Ltd                                                                               from CRISIL B+
Superior Industries Ltd                 Proposed TL        CRISIL BB      11      Assigned
Surat District Co-operative Milk        Proposed LT Bk     CRISIL AA+     300     Reaffirmed
Producers Union Ltd                     Loan Fac
Surat District Co-operative Milk        TL                 CRISIL AA+     280     Assigned
Producers Union Ltd


--------------------------------------------------------------------------------------------
$: 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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