January 7, 2019 / 3:58 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Jan 7

    Jan 7 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 4, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abhay Fire Engineering and Services Pvt BG                 CRISIL A4+     10      Assigned
Ltd
Air Mech Engineers Pvt Ltd              BG                 CRISIL A3      130     Assigned
Eastern Construction Co.                BG                 CRISIL A4+     50      Reaffirmed
K.P.Manish Global Ingredients Pvt Ltd   Import LOC Limit   CRISIL A3      130     Reaffirmed
King Yarns Pvt Ltd                      BG                 CRISIL A4+     20      Assigned
KNK Projects Pvt Ltd                    BG                 CRISIL A4+     120     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mehru Electrical and Mechanical         BG                 CRISIL A2      540     Reaffirmed
Engineers Pvt Ltd
Mehsana Dairy and Food Products Ltd     BG                 CRISIL A4      15      Reassigned
Narain Singh Bundela and Co.            BG                 CRISIL A4      24.7    Reaffirmed
Nekkanti Sea Foods Ltd                  Proposed NFBL      CRISIL A1      50      Reaffirmed
Punjab Alkalies and Chemicals Ltd       BG                 CRISIL A4      20.3    Reaffirmed
R.K. Electric Automation Ltd            BG                 CRISIL A4+     162.5   Reaffirmed
R.K. Electric Automation Ltd            Inland/Import LOC  CRISIL A4+     65      Reaffirmed
Raj Conbuild Ltd                        BG                 CRISIL A4      75      Reaffirmed
Raj Conbuild Ltd                        Overdraft          CRISIL A4      29      Reaffirmed
Rare Rocks                              Packing Credit     CRISIL A4      30      Assigned
Rare Rocks                              LOC                CRISIL A4      10      Assigned
Rare Rocks                              Foreign Exchange   CRISIL A4      4.5     Assigned
                                        Forward
S. Thartius Engineering Contractors     BG                 CRISIL A4      100     Reaffirmed
Shivam Iron and Steel Co. Ltd           BG                 CRISIL A4      59
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           CC                 CRISIL A4      1250
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           Funded Interest TL CRISIL A4      71.3
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           LOC                CRISIL A4      300
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           Proposed LT Bk     CRISIL A4      13.8
                                        Loan Fac
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           TL                 CRISIL A4      203.5
Issuer Not Cooperating; Rating Withdrawn
Shivam Iron and Steel Co. Ltd           WC TL              CRISIL A4      342.4
Issuer Not Cooperating; Rating Withdrawn
Starwood Veneers Pvt Ltd                Inland/Import LOC  CRISIL A4      60      Reaffirmed
Steel Works and Power Engineers Pvt Ltd Letter Of GuaranteeCRISIL A4+     133     Reaffirmed
Tata Advanced Systems Ltd               BG                 CRISIL A1+     150     Reaffirmed
Continues on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               LOC                CRISIL A1+     290     Reaffirmed
Continues on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               LOC & BG           CRISIL A1+     100     Reaffirmed
Continues on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               Packing Credit in  CRISIL A1+     700     Reaffirmed
                                        Foreign Currency
Continues on 'Rating Watch with Developing Implications'
Universal Cables Ltd                    BG                 CRISIL A1      7220    Reaffirmed
Universal Cables Ltd                    Capex LOC          CRISIL A1      85      Reaffirmed
Universal Cables Ltd                    Foreign Exchange   CRISIL A1      40      Reaffirmed
                                        Forward
Universal Cables Ltd                    Inland/Import LOC  CRISIL A1      2300    Reaffirmed
Universal Cables Ltd                    CP                 CRISIL A1      1000    Reaffirmed
Vihaan Networks Ltd                     BG                 CRISIL A2      200     Reaffirmed
Placed on 'Rating Watch with Negative Implications'
Vihaan Networks Ltd                     Inland/Import LOC  CRISIL A2      1300    Reaffirmed
Placed on 'Rating Watch with Negative Implications'


LONG TERM RATINGS:
-------------------
Abhay Fire Engineering and Services Pvt TL                 CRISIL BB-     5       Assigned
Ltd
Abhay Fire Engineering and Services Pvt Proposed LT Bk     CRISIL BB-     41      Assigned
Ltd                                     Loan Fac
Abhay Fire Engineering and Services Pvt Overdraft          CRISIL BB-     23      Assigned
Ltd
Abhay Fire Engineering and Services Pvt Drop Line          CRISIL BB-     11      Assigned
Ltd                                     Overdraft Fac
Air Mech Engineers Pvt Ltd              CC                 CRISIL BBB-    10      Assigned
Chandika Store                          CC                 CRISIL BB-     75      Assigned
Clean Solar Power (Bhadla) Pvt Ltd      LT Loan            CRISIL A+      13300   Assigned
Clean Wind Power (Bableshwar) Pvt Ltd   LT Loan            CRISIL A+      1725    Assigned
Clean Wind Power (Bableshwar) Pvt Ltd   WC Fac             CRISIL A+      100     Assigned
D. Navinchandra Exports Pvt Ltd         Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
De Lage Landen Financial Services India LT Bk Fac          CRISIL AA+     7600    Reaffirmed
Pvt Ltd
De Lage Landen Financial Services India Proposed LT Bk     CRISIL AA+     4500    Reaffirmed
Pvt Ltd                                 Loan Fac
Eastern Construction Co.                Overdraft          CRISIL BB-     25      Reaffirmed
K.P.Manish Global Ingredients Pvt Ltd   CC                 CRISIL BBB-    70      Reaffirmed
King Yarns Pvt Ltd                      TL                 CRISIL BB      460     Assigned
King Yarns Pvt Ltd                      CC                 CRISIL BB      120     Assigned
M. R Cotton Industries                  CC                 CRISIL B       62.5

Upgraded from 'CRISIL B-'
M. R Cotton Industries                  Proposed LT Bk     CRISIL B       37.5
                                        Loan Fac
Upgraded from 'CRISIL B-'
Mehru Electrical and Mechanical         CC                 CRISIL BBB+    320     Reaffirmed
Engineers Pvt Ltd
Mehru Electrical and Mechanical         Proposed BG        CRISIL BBB+    15      Reaffirmed
Engineers Pvt Ltd
Mehru Electrical and Mechanical         TL                 CRISIL BBB+    15      Reaffirmed
Engineers Pvt Ltd
Mehsana Dairy and Food Products Ltd     CC                 CRISIL B       95      Reaffirmed
Mehsana Dairy and Food Products Ltd     TL                 CRISIL B       422.5   Reaffirmed
Narain Singh Bundela and Co.            CC                 CRISIL B       37.5    Reaffirmed
Narain Singh Bundela and Co.            LT Loan            CRISIL B       1       Reaffirmed
Nekkanti Mega Food Park Pvt Ltd         LT Loan            CRISIL BBB+    150     Reaffirmed
Nekkanti Mega Food Park Pvt Ltd         TL                 CRISIL BBB+    337.1   Assigned
Nekkanti Sea Foods Ltd                  Export Packing     CRISIL A       1700    Reaffirmed
                                        Credit
Nekkanti Sea Foods Ltd                  Proposed LT Bk     CRISIL A       350     Reaffirmed
                                        Loan Fac
Nekkanti Sea Foods Ltd                  Standby Line of    CRISIL A       300     Reaffirmed
                                        Credit
Paramhans Wires Pvt Ltd                 CC                 CRISIL BBB-    100
Upgraded from 'CRISIL BB+'
Paramhans Wires Pvt Ltd                 Packing Credit     CRISIL BBB-    50
Upgraded from 'CRISIL BB+'
Paramhans Wires Pvt Ltd                 TL                 CRISIL BBB-    70.7    Assigned
Upgraded from 'CRISIL BB+'
Paramhans Wires Pvt Ltd                 Proposed FB Bk     CRISIL BBB-    29.3    Assigned
                                        Limits
Upgraded from 'CRISIL BB+'
Parmeshwari Silk Mills Ltd              CC                 CRISIL BB      350     Assigned
Parmeshwari Silk Mills Ltd              Foreign LOC        CRISIL BB      3.3     Assigned
Parmeshwari Silk Mills Ltd              TL                 CRISIL BB      201.7   Assigned
Pinnacle Vehicles And Services Pvt Ltd  CC                 CRISIL BB-     100     Assigned
Punjab Alkalies and Chemicals Ltd       CC                 CRISIL B       56.2
Upgraded from 'CRISIL C'
Punjab Alkalies and Chemicals Ltd       Proposed LT Bk     CRISIL B       807
                                        Loan Fac
Upgraded from 'CRISIL C'
R.K. Electric Automation Ltd            Open CC            CRISIL BB      72.5    Reaffirmed
Rare Rocks                              Rupee TL           CRISIL B+      24.5    Assigned
Rare Rocks                              Proposed LT Bk     CRISIL B+      3.5     Assigned
                                        Loan Fac
Rare Rocks                              CC                 CRISIL B+      27.5    Assigned
S. Thartius Engineering Contractors     Overdraft          CRISIL B+      50      Reaffirmed
S.P.K. and Co.                          Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sakaldeep Cold Storage Pvt Ltd          Overdraft          -              2
Issuer Not Cooperating; Rating Withdrawn
Sakaldeep Cold Storage Pvt Ltd          TL                 -              37.5
Issuer Not Cooperating; Rating Withdrawn
Sakaldeep Cold Storage Pvt Ltd          WC Loan            -              16.5
Issuer Not Cooperating; Rating Withdrawn
Shri Balaji Rohilkhand Rice Mills Pvt   CC                 CRISIL D       600
Ltd
Downgraded from 'CRISIL BB-'
Shri Balaji Rohilkhand Rice Mills Pvt   TL                 CRISIL D       90
Ltd
Downgraded from 'CRISIL BB-'
Sri Muthukumaran Educational Trust      Overdraft          CRISIL BB      150     Assigned
Assigned; Suspension Revoked
Star City Multispeciality Hospital Pvt  Rating Advisory    -              -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Starwood Veneers Pvt Ltd                Export Packing     CRISIL B       11      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Starwood Veneers Pvt Ltd                Overdraft          CRISIL B       20      Reaffirmed
Starwood Veneers Pvt Ltd                Proposed LT Bk     CRISIL B       9       Reaffirmed
                                        Loan Fac
Steel Works and Power Engineers Pvt Ltd CC                 CRISIL BB-     60      Reaffirmed
Steel Works and Power Engineers Pvt Ltd TL                 CRISIL BB-     28      Reaffirmed
Tapan Industries                        CC                 -              80
Issuer Not Cooperating; Rating Withdrawn
Tapan Industries                        Inventory Funding  -              160
                                        Fac
Issuer Not Cooperating; Rating Withdrawn
Tapan Industries                        Loan Against       -              170
                                        Property
Issuer Not Cooperating; Rating Withdrawn
Tapan Industries                        Proposed LT Bk     -              40
                                        Loan Fac
Issuer Not Cooperating; Rating Withdrawn
Tata Advanced Systems Ltd               CC                 CRISIL AA-     350     Reaffirmed
Continues  on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               Foreign Currency TLCRISIL AA-     760     Reaffirmed
Continues  on 'Rating Watch with Developing Implications'
Universal Cables Ltd                    CC                 CRISIL A       3928.7  Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Universal Cables Ltd                    LT Loan            CRISIL A       870     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Vihaan Networks Ltd                     CC                 CRISIL BBB+    1250    Reaffirmed
Placed on 'Rating Watch with Negative Implications'

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