July 6, 2018 / 5:27 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Jul 6

    Jul 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 5, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Allied Engineering Works Pvt Ltd        BG                 CRISIL A4+     290     Reaffirmed
Allied Engineering Works Pvt Ltd        Proposed ST Bk     CRISIL A4+     70      Assigned
                                        Loan Fac
Apollo Hospitals Enterprise Ltd         Bills Payable      CRISIL A1+     1059.2  Reaffirmed
Apollo Hospitals Enterprise Ltd         ST Loan            CRISIL A1+     600     Reaffirmed
Apollo Hospitals Enterprise Ltd         WC Demand Loan     CRISIL A1+     1000    Assigned
Bharat Serums and Vaccines Ltd          LOC                CRISIL A1      270     Reaffirmed
Bharat Serums and Vaccines Ltd          CP Programme       CRISIL A1      600     Withdrawn
Horizon Microtech Pvt Ltd               BG                 CRISIL A4+     150     Reaffirmed
HT Media Ltd                            CP                 CRISIL A1+     15000   Reaffirmed
(Enhanced from Rs.1200 Crore)
Montage Enterprises Pvt Ltd             LOC & BG           CRISIL A2      1000    Reaffirmed
Motor and General Sales Pvt Ltd         BG                 CRISIL A4      91.5    Assigned
Nazarudeen                              BG                 CRISIL A4      10      Assigned
P. R. Patel and Co.                     BG                 CRISIL A3      300     Upgraded from
                                                                                  CRISIL A4+
Parksons Packaging Ltd                  LOC & BG           CRISIL A1      75.5    Reaffirmed
Sanzyme Biologics Pvt Ltd               LOC & BG           CRISIL A1      28      Assigned
Sanzyme Pvt Ltd                         Inland/Import LOC  CRISIL A1      120     Reaffirmed
SBI Cards and Payment Services Pvt Ltd  CP                 CRISIL A1+     140000  Reaffirmed
(Enhanced from Rs. 11000 Crore)
Shivam Steels and Tubes Pvt Ltd         Inland/Import LOC  CRISIL A4+     250     Migrated from
                                                                                  CRISIL A4+
ISSUER NOT COOPERATING
United Builders                         BG                 CRISIL A4+     50      Reaffirmed
Veronica Marine Exports Pvt Ltd         BG                 CRISIL A4      5       Reaffirmed
Veronica Marine Exports Pvt Ltd         Export Packing     CRISIL A4      180     Reaffirmed
                                        Credit
Veronica Marine Exports Pvt Ltd         Foreign Bill       CRISIL A4      120     Reaffirmed
                                        Negotiation
Veronica Marine Exports Pvt Ltd         Foreign Bill       CRISIL A4      22      Reaffirmed
                                        Purchase
Wave Industries Pvt Ltd                 BG                 CRISIL A3      250     Reassigned
Wave Industries Pvt Ltd                 LOC                CRISIL A3      250     Reassigned

MEDIUM TERM RATINGS:
-------------------
Apollo Hospitals Enterprise Ltd         FD                 FAA+           -       Reaffirmed


LONG TERM RATINGS:
-------------------
Allied Engineering Works Pvt Ltd        CC                 CRISIL BB+     90      Reaffirmed
Allied Engineering Works Pvt Ltd        TL                 CRISIL BB+     50      Assigned
Apollo Hospitals Enterprise Ltd         CC                 CRISIL AA      742.7   Reaffirmed
Apollo Hospitals Enterprise Ltd         Proposed LT Bk     CRISIL AA      2848.1  Reaffirmed
                                        Loan Fac
Apollo Hospitals Enterprise Ltd         Rupee TL           CRISIL AA      18150   Reaffirmed
Apollo Hospitals Enterprise Ltd         WC Demand Loan     CRISIL AA      1600    Assigned
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      2000    Reaffirmed
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      2000    Reaffirmed
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      3190    Reaffirmed
Bharat Serums and Vaccines Ltd          CC                 CRISIL A+      730     Reaffirmed
Bharat Serums and Vaccines Ltd          WC Fac             CRISIL A+      1400    Reaffirmed
Dolphin Offshore Shipping Ltd           CC                 CRISIL C       15      Reaffirmed
Issuer Not Cooperating; Rating Migrated*
Dolphin Offshore Shipping Ltd           Fund & NFBL        CRISIL C       35      Reaffirmed
Issuer Not Cooperating; Rating Migrated*
Dolphin Offshore Shipping Ltd           Proposed LT Bk     CRISIL C       70      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated*
Eagle Steel Industries Pvt Ltd          CC                 CRISIL BB-     120     Reaffirmed
Eagle Steel Industries Pvt Ltd          Proposed CC Limit  CRISIL BB-     20      Reaffirmed
Eagle Steel Industries Pvt Ltd          Proposed LT Bk     CRISIL BB-     10      Assigned
                                        Loan Fac
Horizon Microtech Pvt Ltd               CC                 CRISIL BB      150     Upgraded from
                                                                                  CRISIL BB-
HT Media Ltd                            NCD                CRISIL AA+     2500    Reaffirmed
Maharaja Agrasen Hospital Charitable    TL                 CRISIL BBB+    1500    Reaffirmed
Trust
Montage Enterprises Pvt Ltd             CC                 CRISIL BBB+    800     Reaffirmed
Montage Enterprises Pvt Ltd             Corporate Loan     CRISIL BBB+    700     Reaffirmed
Montage Enterprises Pvt Ltd             Proposed CC Limit  CRISIL BBB+    270     Reaffirmed
Montage Enterprises Pvt Ltd             TL                 CRISIL BBB+    1130    Reaffirmed
Motor and General Sales Pvt Ltd         CC                 CRISIL B+      123     Reaffirmed
Motor and General Sales Pvt Ltd         Inventory Funding  CRISIL B+      150     Reaffirmed
                                        Fac
Motor and General Sales Pvt Ltd         WC Demand Loan     CRISIL B+      55      Assigned
Motor and General Sales Pvt Ltd         Proposed LT Bk     CRISIL B+      177.8   Assigned
                                        Loan Fac
Motor and General Sales Pvt Ltd         LT Loan            CRISIL B+      102.7   Assigned
Nazarudeen                              CC                 CRISIL B+      40      Assigned
P. R. Patel and Co.                     CC                 CRISIL BBB-    20      Upgraded from
                                                                                  CRISIL BB+
P. R. Patel and Co.                     Proposed LT Bk     CRISIL BBB-    50      Upgraded from
                                        Loan Fac                                  CRISIL BB+
Parksons Packaging Ltd                  Foreign Currency TLCRISIL A+      1580    Reaffirmed
Parksons Packaging Ltd                  Proposed TL        CRISIL A+      544.5   Reaffirmed
Parksons Packaging Ltd                  WC Fac             CRISIL A+      1150    Reaffirmed
Patco Precision Components Pvt Ltd      CC                 CRISIL BB      65      Upgraded from
                                                                                  CRISIL BB-
Patco Precision Components Pvt Ltd      Proposed LT Bk     CRISIL BB      50      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Patco Precision Components Pvt Ltd      TL                 CRISIL BB      135     Upgraded from
                                                                                  CRISIL BB-
Pawan Shree Food International Pvt Ltd  CC                 CRISIL BB      150     Reaffirmed
Pawan Shree Food International Pvt Ltd  TL                 CRISIL BB      55      Reaffirmed
Sanzyme Biologics Pvt Ltd               TL                 CRISIL A       220     Assigned
Sanzyme Biologics Pvt Ltd               CC                 CRISIL A       72      Assigned
Sanzyme Pvt Ltd                         CC                 CRISIL A       100     Reaffirmed
Sanzyme Pvt Ltd                         Proposed LT Bk     CRISIL A       450     Reaffirmed
                                        Loan Fac
SBI Cards and Payment Services Pvt Ltd  LT Bk Fac**        CRISIL AAA     110000  Reaffirmed
**Cash credit/working capital demand loan
SBI Cards and Payment Services Pvt Ltd  Proposed LT Bk     CRISIL AAA     30000   Assigned
                                        Loan Fac**
**Cash credit/working capital demand loan    
SBI Cards and Payment Services Pvt Ltd  NCD                CRISIL AAA     1500    Assigned
SBI Cards and Payment Services Pvt Ltd  NCD                CRISIL AAA     10000   Reaffirmed
SBI Cards and Payment Services Pvt Ltd  NCD                CRISIL AAA     5000    Reaffirmed
SBI Cards and Payment Services Pvt Ltd  Lower Tier II      CRISIL AAA     5000    Reaffirmed
                                        Bonds 
SBI Cards and Payment Services Pvt Ltd  Lower Tier II BondsCRISIL AAA     1500    Reaffirmed
SBI Cards and Payment Services Pvt Ltd  Lower Tier II      CRISIL AAA     1250    Reaffirmed
                                        Bonds
SBI Cards and Payment Services Pvt Ltd  Lower Tier II BondsCRISIL AAA     5000    Reaffirmed
SBI Cards and Payment Services Pvt Ltd  Lower Tier II BondsCRISIL AAA     1000    Reaffirmed
SBI Cards and Payment Services Pvt Ltd  Lower Tier II BondsCRISIL AAA     2000    Reaffirmed
SBI Cards and Payment Services Pvt Ltd  Lower Tier II BondsCRISIL AAA     1000    Reaffirmed
Shivam Steels and Tubes Pvt Ltd         Bill Discounting   CRISIL BB-     50      Migrated from
                                                                                  CRISIL BB-
ISSUER NOT COOPERATING
Shivam Steels and Tubes Pvt Ltd         CC                 CRISIL BB-     30      Migrated from
                                                                                  CRISIL BB-
ISSUER NOT COOPERATING
The Kerala Minerals and Metals Ltd      CC                 CRISIL BBB+    250     Upgraded from
                                                                                  CRISIL BBB
The Kerala Minerals and Metals Ltd      Proposed LT Bk     CRISIL BBB+    6750    Upgraded from
                                        Loan Fac                                  CRISIL BBB
United Builders                         CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Veronica Marine Exports Pvt Ltd         CC                 CRISIL B+      74.1    Reaffirmed
Veronica Marine Exports Pvt Ltd         LT Loan            CRISIL B+      10.4    Assigned
Wave Industries Pvt Ltd                 TL                 CRISIL BBB-    300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Wave Industries Pvt Ltd                 Proposed CC Limit  CRISIL BBB-    50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Wave Industries Pvt Ltd                 CC                 CRISIL BBB-    2150    Downgraded
                                                                                  from CRISIL
                                                                                  BBB
--------------------------------------------------------------------------------------------
$: 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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