July 17, 2019 / 11:41 AM / a month ago

CRISIL ratings for Indian debt instruments-Jul 17

   Jul 17 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 16, 2019.


COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABM 4 Builders                          BG                 CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Agra Wire Industries                    LOC                CRISIL A4+     20      Reaffirmed
Alok Ingots (Mumbai) Pvt Ltd            BG                 CRISIL A4+     10      Reaffirmed
Alok Ingots (Mumbai) Pvt Ltd            LOC                CRISIL A4+     100     Reaffirmed
Aludecor Lamination Pvt Ltd             BG                 CRISIL A3+     5       Reaffirmed
Aludecor Lamination Pvt Ltd             LOC                CRISIL A3+     215     Reaffirmed
Associated Soapstone Distributing Co    LOC & BG           CRISIL A2+     350     Reaffirmed
Pvt Ltd
Astra Chemtech Pvt Ltd                  LOC                CRISIL A4+     42      Reaffirmed
Astra Chemtech Pvt Ltd                  Packing Credit     CRISIL A4+     30      Reaffirmed
Avendus Finance Pvt Ltd                 CP                 CRISIL A1+     1000    Reaffirmed
Binjusaria Papers Pvt Ltd               Foreign LOC        CRISIL A4      100     Assigned
Birla Group Holdings Pvt Ltd            CP Programme       CRISIL A1+     40000   Assigned
Cooperatieve Rabobank U.A.              CD Programme       CRISIL A1+     25000   Reaffirmed
Creamline Dairy Products Ltd            ST Unsecured Loan  CRISIL A1+     500     Reaffirmed
EFD Induction Pvt Ltd                   BG                 CRISIL A3+     90      Upgraded from
                                                                                  CRISIL A3
G. P. Timber                            LOC                CRISIL A4      70      Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  BG                 CRISIL A1+     22000   Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Export Bill        CRISIL A1+     100     Reaffirmed
                                        Purchase
                                        -Discounting
Godrej and Boyce Manufacturing Co. Ltd  LOC                CRISIL A1+     10000   Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  LOC & BG           CRISIL A1+     1600    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Line of Credit     CRISIL A1+     1000    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Overdraft          CRISIL A1+     2000    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  Pre Shipment       CRISIL A1+     5200    Reaffirmed
                                        Credit*
*Interchangeable with post-shipment export packing credit facility; includes sub-limit 
of Rs  520 crore for letter of credit/bank guarantee
Godrej and Boyce Manufacturing Co. Ltd  Proposed ST Bk     CRISIL A1+     3000    Reaffirmed
                                        Loan Fac
Godrej and Boyce Manufacturing Co. Ltd  ST Loan            CRISIL A1+     4000    Assigned
Godrej and Boyce Manufacturing Co. Ltd  CP                 CRISIL A1+     6000    Reaffirmed
Hindustan Aeronautics Ltd               ST Debt            CRISIL A1+     4500    Withdrawn
(Issuer Not Cooperating)
Krupa Chaton Manufacturing Company Pvt  LOC                CRISIL A4+     235     Reaffirmed
Ltd
KSV Cotton Mills Pvt Ltd                BG                 CRISIL A4      5       Reaffirmed
KSV Cotton Mills Pvt Ltd                LOC                CRISIL A4      5       Reaffirmed
Mishra Dhatu Nigam Ltd                  BG                 CRISIL A1+     1020    Reaffirmed
Mishra Dhatu Nigam Ltd                  LOC                CRISIL A1+     1380    Reaffirmed
Mishra Dhatu Nigam Ltd                  CP                 CRISIL A1+     500     Assigned
Netplast Pvt Ltd                        BG                 CRISIL A3      38      Reaffirmed
Netplast Pvt Ltd                        Foreign Bill       CRISIL A3      57.5    Reaffirmed
                                        Purchase
Raghava Life Sciences Pvt Ltd           Proposed LOC       CRISIL A4      15      Reaffirmed
Sri Krishna Shipping Corporation        BG                 CRISIL A4      40      -
Migrated from CRISIL A4 (Issuer Not Cooperating)
Super Sales India Ltd                   LOC                CRISIL A2      37.5    Reaffirmed
Vital Healthcare Pvt Ltd                BG                 CRISIL A4      70      Reaffirmed
Vital Healthcare Pvt Ltd                Bill Negotiation   CRISIL A4      20      Reaffirmed
Vital Healthcare Pvt Ltd                LOC                CRISIL A4      57.2    Reaffirmed
Zuha Leather Pvt Ltd                    LOC                CRISIL A4+     71      Reaffirmed


MEDIUM TERM RATINGS:
-------------------
Godrej and Boyce Manufacturing Co. Ltd  FD                 FAA+           13300   Reaffirmed

LONG TERM RATINGS:
-------------------
Abdos Oils Pvt Ltd                      CC                 -              40      Withdrawn
Abdos Oils Pvt Ltd                      LOC                -              80      Withdrawn
Abdos Oils Pvt Ltd                      TL                 -              260     Withdrawn
ABM 4 Builders                          CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B+
Aditya Steel Rolling Mills Pvt Ltd      BG                 -              90      Withdrawn
Aditya Steel Rolling Mills Pvt Ltd      CC                 -              170     Withdrawn
Aditya Steel Rolling Mills Pvt Ltd      TL                 -              10      Withdrawn
Agra Wire Industries                    CC                 CRISIL BB      42.5    Reaffirmed
Agra Wire Industries                    Proposed LT Bk     CRISIL BB      17.5    Reaffirmed
                                        Loan Fac
Alok Ingots (Mumbai) Pvt Ltd            CC                 CRISIL BB      130     Reaffirmed
Alok Ingots (Mumbai) Pvt Ltd            Proposed LT Bk     CRISIL BB      29.7    Reaffirmed
                                        Loan Fac
Alok Ingots (Mumbai) Pvt Ltd            TL                 CRISIL BB      36      Reaffirmed
Aludecor Lamination Pvt Ltd             CC                 CRISIL BBB     452.6   Reaffirmed
Aludecor Lamination Pvt Ltd             LT Loan            CRISIL BBB     91.4    Reaffirmed
Aludecor Lamination Pvt Ltd             TL                 CRISIL BBB     90      Reaffirmed
Associated Soapstone Distributing Co    Bill Discounting   CRISIL A-      20      Reaffirmed
Pvt Ltd
Associated Soapstone Distributing Co    CC                 CRISIL A-      550     Reaffirmed
Pvt Ltd
Associated Soapstone Distributing Co    LT Loan            CRISIL A-      218.2   Reaffirmed
Pvt Ltd
Associated Soapstone Distributing Co    WC Demand Loan     CRISIL A-      50      Reaffirmed
Pvt Ltd
Astra Chemtech Pvt Ltd                  CC                 CRISIL BB-     70      Reaffirmed
Astra Chemtech Pvt Ltd                  Proposed LT Bk     CRISIL BB-     28      Reaffirmed
                                        Loan Fac

Astra Chemtech Pvt Ltd                  WC Demand Loan     CRISIL BB-     55      Reaffirmed
Avendus Finance Pvt Ltd                 CC                 CRISIL A+      250     Reaffirmed
Avendus Finance Pvt Ltd                 Proposed LT Bk     CRISIL A+      2300    Reaffirmed
                                        Loan Fac
Avendus Finance Pvt Ltd                 TL                 CRISIL A+      3300    Reaffirmed
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      3500    Reaffirmed
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      2000    Reaffirmed
Avendus Finance Pvt Ltd                 LT Principal       CRISIL PP-MLD  1000    Assigned
                                        Protected Market   A+r
                                        Linked Debentures
Binjusaria Papers Pvt Ltd               LT Loan            CRISIL B+      400     Assigned
Binjusaria Papers Pvt Ltd               CC                 CRISIL B+      250     Assigned
Birla Group Holdings Pvt Ltd            NCD                CRISIL AA-     10000   Assigned
Bloom Dekor Ltd                         CC                 CRISIL D       325     Downgraded
                                                                                  from CRISIL B-
Creamline Dairy Products Ltd            CC/ Overdraft Fac  CRISIL AA-     140     Reaffirmed
Creamline Dairy Products Ltd            LT Loan            CRISIL AA-     250.4   Reaffirmed
Creamline Dairy Products Ltd            Proposed LT Bk     CRISIL AA-     259.6   Reaffirmed
                                        Loan Fac
Dr. Govindans Hospital                  Proposed LT Bk     -              200     Withdrawn
                                        Loan Fac
EFD Induction Pvt Ltd                   CC                 CRISIL BBB     110     Upgraded from
                                                                                  CRISIL BBB-
G. P. Timber                            CC                 CRISIL B       30      Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  CC#                CRISIL AA      9000    Reaffirmed
#Fully interchangeable with working capital demand loan; includes pre-shipment 
export packing credit facilities of Rs 125 crore
Godrej and Boyce Manufacturing Co. Ltd  Standby LOC        CRISIL AA      2000    Assigned
Godrej and Boyce Manufacturing Co. Ltd  NCD                CRISIL AA      2500    Reaffirmed
Godrej and Boyce Manufacturing Co. Ltd  NCD                CRISIL AA      2500    Withdrawn
Haryana Steel Mongers Pvt Ltd           CC                 -              350     Withdrawn
Haryana Steel Mongers Pvt Ltd           Proposed LT Bk     -              77.5    Withdrawn
                                        Loan Fac
Hindustan Aeronautics Ltd               BG                 -              200     Withdrawn
(Issuer Not Cooperating)
Hindustan Aeronautics Ltd               CC                 -              4500    Withdrawn
(Issuer Not Cooperating)
Hindustan Aeronautics Ltd               LOC                -              10300   Withdrawn
(Issuer Not Cooperating)
Jani Sales Pvt Ltd                      CC                 CRISIL BBB-    100     Reaffirmed
Jani Sales Pvt Ltd                      Electronic Dealer  CRISIL BBB-    200     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Jani Sales Pvt Ltd                      Fund & NFBL        CRISIL BBB-    150     Assigned
Jawahar Shetkari Sahakari Soot Girni LtdBG                 CRISIL D       60.3    Downgraded
                                                                                  from CRISIL B
Jawahar Shetkari Sahakari Soot Girni LtdCC                 CRISIL D       400     Downgraded
                                                                                  from CRISIL B
Jawahar Shetkari Sahakari Soot Girni LtdLOC                CRISIL D       200     Downgraded
                                                                                  from CRISIL B
Jawahar Shetkari Sahakari Soot Girni LtdProposed LT Bk     CRISIL D       21.7    Downgraded
                                        Loan Fac                                  from CRISIL B
Jewel World                             CC                 -              65      Withdrawn
(Issuer Not Cooperating)
Jewel World                             Proposed LT Bk     -              10      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Krupa Chaton Manufacturing Company Pvt  TL                 -              338.7   Withdrawn
Ltd
Krupa Chaton Manufacturing Company Pvt  CC                 CRISIL BB      410     Reaffirmed
Ltd
KSV Cotton Mills Pvt Ltd                CC                 CRISIL B       60      Reaffirmed
KSV Cotton Mills Pvt Ltd                Proposed LT Bk     CRISIL B       30      Reaffirmed
                                        Loan Fac
Kwality Animal Feeds Pvt Ltd            CC                 CRISIL BBB     200     Reaffirmed
Kwality Animal Feeds Pvt Ltd            Proposed LT Bk     CRISIL BBB     194.5   Reaffirmed
                                        Loan Fac
Kwality Animal Feeds Pvt Ltd            TL                 CRISIL BBB     235     Reaffirmed
Mishra Dhatu Nigam Ltd                  CC                 CRISIL AA-     2000    Reaffirmed
Netplast Pvt Ltd                        CC                 CRISIL BBB-    5       Reaffirmed
Netplast Pvt Ltd                        LT Loan            CRISIL BBB-    4.5     Reaffirmed
Plaza Wires Pvt Ltd                     CC                 CRISIL BBB-    287     Reaffirmed
Plaza Wires Pvt Ltd                     TL                 CRISIL BBB-    13      Reaffirmed
Raghava Life Sciences Pvt Ltd           Proposed BG        CRISIL B       15      Reaffirmed
Raghava Life Sciences Pvt Ltd           Proposed CC Limit  CRISIL B       150     Reaffirmed
Raghava Life Sciences Pvt Ltd           Proposed TL        CRISIL B       420     Reaffirmed
Rajesh Estates and Nirman Pvt Ltd       NCD                CRISIL B+      2976    -
(Issuer Not Cooperating)
Rohini Minerals Pvt Ltd                 CC                 -              1500    Withdrawn
Rohini Minerals Pvt Ltd                 TL                 -              114     Withdrawn
Samvardhana Motherson Auto Component    CC*                CRISIL A+      50      Assigned
Pvt Ltd
*Interchangeable with Letter of credit and Bank Guarantee limit of Rs.2 Cr.
Samvardhana Motherson Auto Component    TL                 CRISIL A+      350     Assigned
Pvt Ltd
Sansar Trust June 2019 IV (Originator:  Series A PTCs      Provisional    -       Assigned
Shriram Transport Finance Co. Ltd)                         CRISIL AAA (SO)
Shreeji Cotton Ginning and Pressing     CC                 CRISIL BB-     50      Reaffirmed
Industries
Shreeji Cotton Ginning and Pressing     Proposed LT Bk     CRISIL BB-     30      Reaffirmed
Industries                              Loan Fac
Sri Krishna Shipping Corporation        CC                 CRISIL B       150     -
Migrated from CRISIL B-/Stable (Issuer Not Cooperating)
Super Sales India Ltd                   Bill Discounting   CRISIL BBB+    207.5   Reaffirmed
Super Sales India Ltd                   CC                 CRISIL BBB+    575     Reaffirmed
Super Sales India Ltd                   Proposed LT Bk     CRISIL BBB+    179.8   Reaffirmed
                                        Loan Fac
Super Sales India Ltd                   Warehouse FinancingCRISIL BBB+    50      Reaffirmed
Super Sales India Ltd                   WC Demand Loan     CRISIL BBB+    150     Reaffirmed
Unitech Couplers India Pvt Ltd          CC                 CRISIL BB      55      Reaffirmed
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Unitech Couplers India Pvt Ltd          LT Loan            CRISIL BB      40      Reaffirmed
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Unitech Couplers India Pvt Ltd          Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        Loan Fac
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Vikas Cotex                             CC                 CRISIL B+      123.5   Reaffirmed
Vikas Cotex                             Proposed LT Bk     CRISIL B+      21.8    Reaffirmed
                                        Loan Fac
Vital Healthcare Pvt Ltd                CC                 CRISIL B+      85      Upgraded from
                                                                                  CRISIL B
Vital Healthcare Pvt Ltd                Proposed LT Bk     CRISIL B+      347.8   Upgraded from
                                        Loan Fac                                  CRISIL B
Vital Healthcare Pvt Ltd                TL                 CRISIL B+      20      Upgraded from
                                                                                  CRISIL B
Zuha Leather Pvt Ltd                    Foreign Bill       CRISIL BB-     10      Reaffirmed
                                        Discounting
Zuha Leather Pvt Ltd                    Proposed LT Bk     CRISIL BB-     13      Reaffirmed
                                        Loan Fac
Zuha Leather Pvt Ltd                    WC Fac             CRISIL BB-     45      Assigned
Zuha Leather Pvt Ltd                    TL                 CRISIL BB-     2       Assigned
Zuha Leather Pvt Ltd                    Standby LOC        CRISIL BB-     5       Assigned
--------------------------------------------------------------------------------------------
$: 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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