June 11, 2018 / 6:56 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Jun 11

    Jun 11 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 8, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Arul Industries                         Packing Credit     CRISIL A4+     6       Reaffirmed
Aspen Shaving Products                  LOC                CRISIL A4      10      Migrated
(Issuer Not Cooperating)
Astalakshmi Agencies                    Proposed LOC       CRISIL A4+     44      Migrated
(Issuer Not Cooperating)
Centur Gems                             Post Shipment      CRISIL A4+     40      Reassigned
                                        Credit
Deutsche Bank A. G.                     CDs                CRISIL A1+     20000   Reaffirmed
Deutsche Investments India Pvt Ltd      CP Programme       CRISIL A1+     22000   Reaffirmed
Durasign Corporation                    Proposed BG        CRISIL A4      5       Migrated
(Issuer Not Cooperating)
Flowtech Industries LLP                 BG                 CRISIL A4      190     Withdrawn
Gajanan Industries Ltd                  LOC                CRISIL A4+     120     Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Gajanan Oil Pvt Ltd                     LOC                CRISIL A4+     650     Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Goldstone Infratech Ltd                 BG                 CRISIL A3      459.5   Reaffirmed
Goldstone Infratech Ltd                 LOC*               CRISIL A3      670     Reaffirmed
*Includes bank guarantee of Rs.10 crores as sub-limit to letter of credit
Goldstone Infratech Ltd                 Proposed LOC       CRISIL A3      500     Reaffirmed
Grover Zampa Vineyards Ltd              BG                 CRISIL A4      30      Reaffirmed
Grover Zampa Vineyards Ltd              ST Loan            CRISIL A4      15      Reaffirmed
Impression Furniture Industries         BG                 CRISIL A4+     15      Reaffirmed
Inca Multisolutions                     Proposed LOC       CRISIL A4      15      Migrated
(Issuer Not Cooperating)
J and B Engineering and Construction    BG                 CRISIL A4      25      Reaffirmed
Company
Jesmajo Industrial Fabrications         BG                 CRISIL A4+     25      Migrated
Kalp Diamonds                           Foreign Exchange   CRISIL D       4       Downgraded
                                        Forward                                   from CRISIL A4
Karnataka Pvt Ltd
(Issuer Not Cooperating)
Lansh Engineering Pvt Ltd               BG                 CRISIL A4+     50      Migrated
(Issuer Not Cooperating)
Manoj Cables Ltd                        BG                 CRISIL A4+     50      Migrated
(Issuer Not Cooperating)
Nui Pulp and Paper Industries Pvt Ltd   Bill Discounting   CRISIL A4      50      Migrated
                                        under LOC
(Issuer Not Cooperating)
Nui Pulp and Paper Industries Pvt Ltd   Packing Credit in  CRISIL A4      40      Migrated
                                        Foreign Currency
(Issuer Not Cooperating)
Nui Pulp and Paper Industries Pvt Ltd   Proposed ST Bk     CRISIL A4      20      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
P. D. Agarwal                           BG                 CRISIL A4+     200     Migrated from
                                                                                  CRISIL A4+/
                                                                                  Rating
                                                                                  Withdrawn
(Issuer Not Cooperating)
Pro-Interactive Services India Pvt Ltd  BG                 CRISIL A3      10      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
R.G. Timbers and Saw Mills              LOC                CRISIL A4      80      Reaffirmed
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   BG                 CRISIL A4      52.5    Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   Bill Discounting   CRISIL A4      30      Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Raima Toll & Infrastructure Pvt. Ltd.   BG                 CRISIL A4      220.8   Withdrawn
(Issuer Not Cooperating)
Raj Fishmeal and Oil Company            LOC                CRISIL A4+     5       Reaffirmed
Red Rose Kindergarten Society           Overdraft          CRISIL A4+     4       Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
S.P.Sampathys Siva Sivani Educational   Overdraft          CRISIL A4+     40      Reaffirmed
Society
(Issuer Not Cooperating)
Sankranthi Raw and Boiled Rice Mill     Foreign LOC        CRISIL A4+     8       Reaffirmed
Shri Basaveshwar Veerashaiva            BG                 CRISIL A4      200     Withdrawn
Vidayavardhak Sangha
Shriram Transport Finance Co. Ltd       BG                 CRISIL A1+     16200   Reaffirmed
Shriram Transport Finance Co. Ltd       ST Bk Fac          CRISIL A1+     22690   Reaffirmed
Shriram Transport Finance Co. Ltd       CP                 CRISIL A1+     75000   Reaffirmed
Silpa Projects and Infrastructure India BG                 CRISIL A4      360     Reaffirmed
Pvt Ltd
Sunbeam Auto Pvt Ltd                    CP Programme       CRISIL A1+     350     Reaffirmed
Titagarh Wagons Ltd                     LOC & BG           CRISIL A2+     6000    Downgraded
                                                                                  from CRISIL A1
Tricolite Electrical Industries Ltd     BG                 CRISIL A4+     217.5   Assigned;
                                                                                  Suspension
                                                                                  Revoked
Tricolite Electrical Industries Ltd     Vendor Financing   CRISIL A4+     4.5     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Trimurthi Hitech Company Pvt Ltd        BG                 CRISIL A4      27.5    Assigned
URSS Techservices Pvt Ltd               BG                 CRISIL A3      20      Reaffirmed
U.K.Textiles                            Bill Discounting   CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
U.K.Textiles                            Packing Credit     CRISIL D       110     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
U.K.Textiles                            Proposed Packing   CRISIL D       23.6    Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
Varshini Exim Pvt Ltd                   BG                 CRISIL A4+     150     Reaffirmed
Vinar Systems Pvt Ltd                   BG                 CRISIL A4+     360     Downgraded
                                                                                  from CRISIL A3
Vinar Systems Pvt Ltd                   LOC                CRISIL A4+     60      Downgraded
                                                                                  from CRISIL A3
Vishal Surgical Equipment Company Pvt   BG                 CRISIL A4+     180     Reaffirmed
Ltd
Vishal Surgical Equipment Company Pvt   LOC                CRISIL A4+     20      Reaffirmed
Ltd

MEDIUM TERM RATINGS:
-------------------
Shriram Transport Finance Co. Ltd       FD Programme       FAAA           -       Reaffirmed

LONG TERM RATINGS:
-------------------
Adinath Sortex                          CC                 CRISIL B+      70      Reaffirmed
Arul Industries                         CC                 CRISIL BB-     76      Downgraded
                                                                                  from CRISIL BB
Arul Industries                         Foreign LOC        CRISIL BB-     10      Downgraded
                                                                                  from CRISIL BB
Arul Industries                         Proposed LT Bk     CRISIL BB-     28      Downgraded
                                        Loan Fac                                  from CRISIL BB
Ashoka Developers                       TL                 CRISIL BB-     100     Assigned
Aspen Shaving Products                  CC                 CRISIL B+      5       Migrated
(Issuer Not Cooperating)
Aspen Shaving Products                  LT Loan            CRISIL B+      50      Migrated
(Issuer Not Cooperating)
Aspen Shaving Products                  Proposed FB Bk     CRISIL B+      15      Migrated
                                        Limits
(Issuer Not Cooperating)
Astalakshmi Agencies                    CC#                CRISIL BB      50      Migrated
(Issuer Not Cooperating)/#Includes sublimit of LC to the extent of Rs.2 crore
Astalakshmi Agencies                    Proposed CC Limit  CRISIL BB      80      Migrated
(Issuer Not Cooperating)
Astalakshmi Agencies                    Proposed WC Fac    CRISIL BB      41      Migrated
(Issuer Not Cooperating)
Bajwa Developers Ltd                    CC/ Overdraft Fac  CRISIL BB-     180     Migrated
(Issuer Not Cooperating)
Centur Gems                             Export Packing     CRISIL BB+     86      Reaffirmed
                                        Credit
Choudhari Construction Co.              BG                 CRISIL D       28      Reaffirmed
(Issuer Not Cooperating)
Choudhari Construction Co.              CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Choudhari Construction Co.              Proposed LT Bk     CRISIL D       12      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Crafts India Industries                 CC                 CRISIL B       12.5    Migrated
(Issuer Not Cooperating)
Crafts India Industries                 LT Loan            CRISIL B       42.1    Migrated
(Issuer Not Cooperating)
Durasign Corporation                    Proposed CC Limit  CRISIL B       15      Migrated
(Issuer Not Cooperating)
Durasign Corporation                    Proposed LT Bk     CRISIL B       20      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Durasign Corporation                    Proposed TL        CRISIL B       10      Migrated
(Issuer Not Cooperating)
Embiotic Laboratories Pvt Ltd           CC                 CRISIL B+      120     Migrated
(Issuer Not Cooperating)
Flowtech Industries LLP                 CC*                CRISIL B       100     Withdrawn
*Includes sublimit for foreign documentary bill purchase/foreign issuance bill purchase of Rs.
10 Cr.
Flowtech Industries LLP                 Proposed LT Bk     CRISIL B       80      Withdrawn
                                        Loan Fac
Gajanan Gangamai Industries LLP         CC                 CRISIL D       1244    Downgraded
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Gajanan Gangamai Industries LLP         TL                 CRISIL D       256     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Gajanan Industries Ltd                  CC                 CRISIL BB      250     Migrated
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Gajanan Oil Pvt Ltd                     CC                 CRISIL BB      1250    Migrated
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Gajanan Oil Pvt Ltd                     TL                 CRISIL BB      600     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Gajanan Solvex Ltd                      CC                 CRISIL BB      700     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Gajanan Solvex Ltd                      TL                 CRISIL BB      160     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
(Issuer Not Cooperating)
Garv Udyog                              CC                 CRISIL D       42.5    Migrated
(Issuer Not Cooperating)
Garv Udyog                              LOC                CRISIL D       65      Migrated
(Issuer Not Cooperating)
Garv Udyog                              TL                 CRISIL D       37.5    Migrated
(Issuer Not Cooperating)
George Maijo Automobiles Pvt Ltd        CC                 CRISIL D       250     Downgraded
                                                                                  from CRISIL B
George Maijo Automobiles Pvt Ltd        Line of Credit     CRISIL D       60      Downgraded
                                                                                  from CRISIL B
George Maijo Automobiles Pvt Ltd        LT Loan            CRISIL D       135.1   Downgraded
                                                                                  from CRISIL B
Goldstone Infratech Ltd                 CC                 CRISIL BBB-    330     Reaffirmed
Goldstone Infratech Ltd                 Proposed LT Bk     CRISIL BBB-    28.4    Reaffirmed
                                        Loan Fac
Goldstone Infratech Ltd                 Standby Line of    CRISIL BBB-    20      Reaffirmed
                                        Credit
Grover Zampa Vineyards Ltd              CC                 CRISIL B       155     Reaffirmed
HCO Infrastructure                      BG                 CRISIL D       20.2    Reaffirmed
(Issuer Not Cooperating)
HCO Infrastructure                      CC                 CRISIL D       13      Reaffirmed
(Issuer Not Cooperating)
HCO Infrastructure                      LT Loan            CRISIL D       38      Reaffirmed
(Issuer Not Cooperating)
HCO Infrastructure                      Proposed LT Bk     CRISIL D       8.8     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Heena Food Products Pvt Ltd             CC                 CRISIL BB-     100     Migrated
(Issuer Not Cooperating)
Heena Food Products Pvt Ltd             Proposed WC Fac    CRISIL BB-     23      Migrated
(Issuer Not Cooperating)
Impression Furniture Industries         CC                 CRISIL BB      55      Upgraded from
                                                                                  CRISIL BB-
Inca Multisolutions                     Proposed BG        CRISIL B       15      Migrated
(Issuer Not Cooperating)
Inca Multisolutions                     Proposed CC Limit  CRISIL B       15      Migrated
(Issuer Not Cooperating)
Inca Multisolutions                     Proposed LT Bk     CRISIL B       5       Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Inca Multisolutions                     Proposed TL        CRISIL B       60      Migrated
(Issuer Not Cooperating)
J and B Engineering and Construction    CC                 CRISIL B-      75      Reaffirmed
Company
Jaishree Krishna and Company            CC                 CRISIL B       100     Migrated
(Issuer Not Cooperating)
Jesmajo Industrial Fabrications         Proposed LT Bk     CRISIL BB-     25      Migrated
Karnataka Pvt Ltd                       Loan Fac
(Issuer Not Cooperating)
Jesmajo Industrial Fabrications         Secured Overdraft  CRISIL BB-     70      Migrated
Karnataka Pvt Ltd                       Fac
(Issuer Not Cooperating)
Kalp Diamonds                           Export Packing     CRISIL D       40      Downgraded
                                        Credit                                    from CRISIL B+
Kalp Diamonds                           Post Shipment      CRISIL D       110     Downgraded
                                        Credit                                    from CRISIL B+
Kalp Diamonds                           Proposed LT Bk     CRISIL D       16      Downgraded
                                        Loan Fac                                  from CRISIL B+
Keshav Pulses                           CC                 CRISIL B+      45      Migrated
(Issuer Not Cooperating)
Keshav Pulses                           Proposed LT Bk     CRISIL B+      13.1    Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Keshav Pulses                           TL                 CRISIL B+      1.9     Migrated
(Issuer Not Cooperating)
Lansh Engineering Pvt Ltd               CC                 CRISIL BB-     50      Migrated
(Issuer Not Cooperating)
Lansh Engineering Pvt Ltd               LT Loan            CRISIL BB-     35      Migrated
(Issuer Not Cooperating)
M/S. Dipak J. Bhivare                   BG                 CRISIL D       15      Reaffirmed
(Issuer Not Cooperating)
M/S. Dipak J. Bhivare                   CC                 CRISIL D       105     Reaffirmed
(Issuer Not Cooperating)
M/S. Dipak J. Bhivare                   Proposed LT Bk     CRISIL D       1.2     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Maheswari Fertilizers                   CC                 CRISIL B       50      Migrated
(Issuer Not Cooperating)
Manoj Cables Ltd                        CC                 CRISIL BB-     300     Migrated
(Issuer Not Cooperating)
Manoj Cables Ltd                        Standby Line of    CRISIL BB-     30      Migrated
                                        Credit
(Issuer Not Cooperating)
Muthu Silk House                        CC                 CRISIL B+      60      Reaffirmed
Muthu Silk House                        Proposed CC Limit  CRISIL B+      5       Reaffirmed
Nakoda Industries                       CC                 CRISIL BB-     35      Migrated
(Issuer Not Cooperating)
Nakoda Industries                       TL                 CRISIL BB-     27.5    Migrated
(Issuer Not Cooperating)
Natasha Automobiles Pvt Ltd             CC                 CRISIL B+      50      Migrated
(Issuer Not Cooperating)
Natasha Automobiles Pvt Ltd             Electronic Dealer  CRISIL B+      100     Migrated
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Naturagreen Food Products Pvt Ltd       CC                 CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Naturagreen Food Products Pvt Ltd       Proposed LT Bk     CRISIL BB-     15      Downgraded
                                        Loan Fac                                  from CRISIL BB
Naturagreen Food Products Pvt Ltd       TL                 CRISIL BB-     35      Downgraded
                                                                                  from CRISIL BB
Novy Mir Lightweighting Solutions Pvt   NCD                CRISIL AA-     3150    Reaffirmed
Ltd
Odisha Multispeciality Hospital And     TL                 CRISIL BB-     80      Migrated
Trauma Care Centre Pvt Ltd
(Issuer Not Cooperating)
P&M and Hi Tech Infrastructures LLP     CC                 CRISIL D       400     Reaffirmed
(Issuer Not Cooperating)
P. D. Agarwal                           CC                 CRISIL BB+     50      Migrated from
                                                                                  CRISIL BB+/
                                                                                  Rating
                                                                                  Withdrawn
(Issuer Not Cooperating)
Pro-Interactive Services India Pvt Ltd  CC                 CRISIL BBB-    130     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Pro-Interactive Services India Pvt Ltd  Proposed LT Bk     CRISIL BBB-    10      Migrated from
                                        Loan Fac                                  CRISIL BB+
(Issuer Not Cooperating)
R.G. Timbers and Saw Mills              CC                 CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   CC                 CRISIL B       90      Migrated from
                                                                                  CRISIL B
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   Proposed LT Bk     CRISIL B       47.5    Migrated from
                                        Loan Fac                                  CRISIL B
(Issuer Not Cooperating)
Raj Fishmeal and Oil Company            CC                 CRISIL BB+     345     Reaffirmed
Raj Fishmeal and Oil Company            LT Bk Fac          CRISIL BB+     55      Reaffirmed
Raj Fishmeal and Oil Company            Overdraft*         CRISIL BB+     70      Reaffirmed
*Long term
Raj Fishmeal and Oil Company            TL                 CRISIL BB+     75      Reaffirmed
Ramsaai Real Estate Pvt Ltd             LT Loan            CRISIL D       64.2    Reaffirmed
Red Rose Kindergarten Society           Proposed LT Bk     CRISIL BB      18      Migrated from
                                        Loan Fac                                  CRISIL BB
(Issuer Not Cooperating)
Red Rose Kindergarten Society           TL                 CRISIL BB      40      Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Regin Agency                            CC                 CRISIL BB-     120     Downgraded
                                                                                  from CRISIL BB
Regin Agency                            Key CC             CRISIL BB-     100     Downgraded
                                                                                  from CRISIL BB
Regin Exports                           CC                 CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Regin Exports                           Key CC             CRISIL BB-     70      Downgraded
                                                                                  from CRISIL BB
Regin Exports                           Proposed LT Bk     CRISIL BB-     30      Downgraded
                                        Loan Fac                                  from CRISIL BB
S.K.P.V.V. Hindu High Schools Committee LT Loan            CRISIL BB      20      Reaffirmed
(Issuer Not Cooperating)
S.K.P.V.V. Hindu High Schools Committee Secured Overdraft  CRISIL BB      80      Reaffirmed
                                        Fac
(Issuer Not Cooperating)
S.P.Sampathys Siva Sivani Educational   TL                 CRISIL BB-     50      Reaffirmed
Society
(Issuer Not Cooperating)
Sabaris Educational Trust               CC                 CRISIL D       5       Reaffirmed
Sabaris Educational Trust               TL                 CRISIL D       112     Reaffirmed
Sankranthi Raw and Boiled Rice Mill     CC                 CRISIL BB-     169     Reaffirmed
Sankranthi Raw and Boiled Rice Mill     LT Loan            CRISIL BB-     3       Reaffirmed
Shiv Shanker Rice Mills (Ferozepur)     CC                 CRISIL B+      150     Reaffirmed
(Issuer Not Cooperating)
Shiv Shanker Rice Mills (Ferozepur)     Proposed LT Bk     CRISIL B+      11.7    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shiv Shanker Rice Mills (Ferozepur)     TL                 CRISIL B+      13.3    Reaffirmed
(Issuer Not Cooperating)
Shri Basaveshwar Veerashaiva            TL                 CRISIL BB+     30      Upgraded from
Vidayavardhak Sangha                                                              CRISIL B+
Shri Basaveshwar Veerashaiva            TL                 Withdrawn      747.1   Withdrawn
Vidayavardhak Sangha
Shriram Transport Finance Co. Ltd       BG                 CRISIL AA+     5500    Reaffirmed
Shriram Transport Finance Co. Ltd       CC & WC demand loanCRISIL AA+     63590   Reaffirmed
Shriram Transport Finance Co. Ltd       LT Bk Fac*         CRISIL AA+     194740  Reaffirmed
*Long term bank facilities of Rs 1243 crore transferred from Shriram Equipment Finance Company
Limited to Shriram Transport Finance Company Limited upon amalgamation of the former with latter
Shriram Transport Finance Co. Ltd       Proposed LT Bk     CRISIL AA+     59710   Reaffirmed
                                        Loan Fac
Shriram Transport Finance Co. Ltd       NCD                CRISIL AA+     50000   Assigned
Shriram Transport Finance Co. Ltd       NCD                CRISIL AA+     317800  Reaffirmed
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     20000   Reaffirmed
Shriram Transport Finance Co. Ltd       Subordinated Debt# CRISIL AA+     1317    Reaffirmed
#Transferred from Shriram Equipment Finance Company Limited to Shriram Transport Finance Company
Limited upon amalgamation of the former with latter
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     15000   Reaffirmed
                                        Issue (Tier II)
                                        Bonds
Silpa Projects and Infrastructure India CC                 CRISIL B+      330     Reaffirmed
Pvt Ltd
Silpa Projects and Infrastructure India Proposed LT Bk     CRISIL B+      43      Reaffirmed
Pvt Ltd                                 Loan Fac
Silpa Projects and Infrastructure India TL                 CRISIL B+      10      Reaffirmed
Pvt Ltd
Skandashree Jewel Creations             BG                 CRISIL D       10      Migrated
(Issuer Not Cooperating)
Skandashree Jewel Creations             CC                 CRISIL D       90      Migrated
(Issuer Not Cooperating)
Sunbeam Auto Pvt Ltd                    CC*                CRISIL AA-     2440    Reaffirmed
*Interchangeable with packing credit foreign currency loan
Titagarh Wagons Ltd                     CC                 CRISIL A-      1400    Downgraded
                                                                                  from CRISIL A
Tricolite Electrical Industries Ltd     CC                 CRISIL BB-     60      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Tricolite Electrical Industries Ltd     LT Loan            CRISIL BB-     8       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Trimurthi Hitech Company Pvt Ltd        Proposed CC Limit  CRISIL B-      25      Assigned
Trimurthi Hitech Company Pvt Ltd        CC                 CRISIL B-      47.5    Assigned
U.K.Textiles                            LT Loan            CRISIL D       156.4   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
URSS Techservices Pvt Ltd               CC                 CRISIL BBB-    50      Reaffirmed
URSS Techservices Pvt Ltd               Standby LOC        CRISIL BBB-    4       Reaffirmed
Varshini Exim Pvt Ltd                   Export Packing     CRISIL BB      250     Reaffirmed
                                        Credit
Varshini Exim Pvt Ltd                   LT Loan            CRISIL BB      52.5    Reaffirmed
Varshini Exim Pvt Ltd                   Proposed LT Bk     CRISIL BB      37.5    Reaffirmed
                                        Loan Fac
Vinar Systems Pvt Ltd                   Bill Purchase      CRISIL BB+     20      Downgraded
                                        Discounting Fac                           from CRISIL
                                                                                  BBB-
Vinar Systems Pvt Ltd                   CC                 CRISIL BB+     40      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Vishal Surgical Equipment Company Pvt   Overdraft          CRISIL BB      50      Reaffirmed
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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below