June 13, 2018 / 10:00 AM / 12 days ago

CRISIL ratings for Indian debt instruments-Jun 13

    Jun 13 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 12, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
AL-HAMD Agro Food Products Pvt Ltd      Foreign Exchange   CRISIL A3      135     Reaffirmed
                                        Forward
AL-HAMD Agro Food Products Pvt Ltd      Proposed ST Bk     CRISIL A3      44.4    Reaffirmed
                                        Loan Fac
Alinta Granito Pvt Ltd                  BG                 CRISIL A4+     32.5    Upgraded from
                                                                                  CRISIL A4
Bayer Bioscience Pvt Ltd                Non-FBL#           CRISIL A1+     4.2     Reaffirmed
#Comprises letter of credit and bank guarantee (fully interchangeable)
Fransko Agro Foods                      BG                 CRISIL A4      15      Reaffirmed
Hasbro Clothing Pvt Ltd                 LOC                CRISIL A4+     100
HMM Infra Ltd                           Letter Of GuaranteeCRISIL A3      300     Reaffirmed
Indian Peroxide Ltd                     BG                 CRISIL A4      50      Reaffirmed
Indore Public School Pvt Ltd            Rent               CRISIL A3+     77.1    Reaffirmed
                                        Securitisation loan
Mirza International Ltd                 BG                 CRISIL A1      5       Reaffirmed
Mirza International Ltd                 Bill Discounting   CRISIL A1      1900    Reaffirmed
Mirza International Ltd                 LOC                CRISIL A1      200     Reaffirmed
Mirza International Ltd                 Packing Credit     CRISIL A1      1200    Reaffirmed
Natraj Home Furnishings Pvt Ltd         Foreign Exchange   CRISIL A4      5       Reaffirmed
                                        Forward
Natraj Home Furnishings Pvt Ltd         Packing Credit     CRISIL A4      30      Reaffirmed
Neel Industries Pvt Ltd                 LOC*               CRISIL A2      25      -
(Continues on Rating Watch with Developing Implications)
*Interchangeable with BG up to Rs.1 crore
Neel Industries Pvt Ltd                 LOC**              CRISIL A2      60      -
(Continues on Rating Watch with Developing Implications)
**Interchangeable with BG up to Rs.1 crore
R.S.Infraprojects Pvt Ltd               BG                 CRISIL A4+     1000    Withdrawn
(ISSUER NOT COOPERATING)
R.S.Infraprojects Pvt Ltd               LOC                CRISIL A4+     200     Withdrawn
(ISSUER NOT COOPERATING)
Saloraa Fabs                            Foreign Bill       CRISIL A4+     40      Reaffirmed
                                        Negotiation
Saloraa Fabs                            Packing Credit     CRISIL A4+     30      Reaffirmed
Saloraa Fabs                            Proposed Packing   CRISIL A4+     10      Reaffirmed
                                        Credit
Samsonite South Asia Pvt Ltd            LOC & BG           CRISIL A1+     68.5    Reaffirmed
Samsonite South Asia Pvt Ltd            Purchase Bill      CRISIL A1+     200     Reaffirmed
                                        Discounting
Samsonite South Asia Pvt Ltd            Supplier Bill      CRISIL A1+     210     Reaffirmed
                                        Discounting
Saxena Marine-Tech Pvt Ltd              BG                 CRISIL A4      138     Assigned
Saxena Marine-Tech Pvt Ltd              LOC                CRISIL A4      50      Assigned
Shree Bharat International Pvt Ltd      Foreign Bill       CRISIL A2+     70      Reaffirmed
                                        Discounting
Shree Bharat International Pvt Ltd      Overdraft          CRISIL A2+     10      Reaffirmed
Shree Bharat International Pvt Ltd      Packing Credit     CRISIL A2+     70      Reaffirmed
Shri Varalakshmi Company                BG                 CRISIL A4+     22      -
(ISSUER NOT COOPERATING; Migrated from CRISIL A3+ /Stable)
Sonai Constructions Pvt Ltd             BG                 CRISIL A4      20      Assigned
Super Plateck Pvt Ltd                   LOC & BG           CRISIL A4      22.5    Reaffirmed
Surya Electricals - Khurja              BG                 CRISIL A4      35      Reaffirmed
Texmaco Hi-Tech Pvt Ltd                 BG                 CRISIL A3      150     Reaffirmed
(Continues on Rating Watch with Positive Implications)
Texmaco Hi-Tech Pvt Ltd                 LOC                CRISIL A3      100     Reaffirmed
(Continues on Rating Watch with Positive Implications)
Unique Ship Breaking Corporation        LOC                CRISIL A4+     400     Reaffirmed


LONG TERM RATINGS:
-------------------
AL-HAMD Agro Food Products Pvt Ltd      CC                 CRISIL BBB-    20      Reaffirmed
AL-HAMD Agro Food Products Pvt Ltd      Export Packing     CRISIL BBB-    770     Reaffirmed
                                        Credit
AL-HAMD Agro Food Products Pvt Ltd      TL                 CRISIL BBB-    30.6    Reaffirmed
Alinta Granito Pvt Ltd                  CC                 CRISIL BB-     90      Upgraded from
                                                                                  CRISIL B+
Alinta Granito Pvt Ltd                  LT Loan            CRISIL BB-     155     Upgraded from
                                                                                  CRISIL B+
Alinta Granito Pvt Ltd                  Proposed LT Bk     CRISIL BB-     142.5   Upgraded from
                                        Loan Fac                                  CRISIL B+
Avanse Financial Services Ltd           Series A2 PTCs     CRISIL A+      -       -
(Converted from Provisional Rating to Final Rating To)
Avanse Financial Services Ltd           Series A1 PTCs     CRISIL AA-     -       -
(Converted from Provisional Rating to Final Rating To)
Bayer Bioscience Pvt Ltd                FB Fac@            CRISIL AA-     255.8   -
(Downgraded from CRISIL AA/Watch Negative ; Removed from Rating Watch with Negative
Implications)
@Comprises cash credit, overdraft, and short-term loans (fully interchangeable) 
Bayer Cropscience Ltd                   FB Fac*            CRISIL AA+     1125.5  Reaffirmed
*Fully interchangeable with cash credit, overdraft, short-term loans, letter of credit, and bank
guarantee (Removed from Rating Watch with Negative Implications)
Bayer Cropscience Ltd                   Proposed LT Bk     CRISIL AA+     154.5   Reaffirmed
                                        Loan Fac
(Removed from Rating Watch with Negative Implications; Rating reaffirmed)
Bayer Pharmaceuticals Pvt Ltd           CC                 CRISIL A+      40      Reaffirmed
(Removed from Rating Watch with Negative Implications; Rating reaffirmed)
Bayer Vapi Pvt Ltd                      LT Bk Fac*         CRISIL AA      50      -
(Downgraded from CRISIL AA+; Removed from Rating Watch with Negative Implications) /
*Interchangeable with non-fund-based facilities
Bayer Vapi Pvt Ltd                      LT Bk Fac          CRISIL AA      130     -
(Downgraded from CRISIL AA+; Removed from Rating Watch with Negative Implications)
Bayer Vapi Pvt Ltd                      Proposed LT Bk     CRISIL AA      20      -
                                        Loan Fac
(Downgraded from CRISIL AA+; Removed from Rating Watch with Negative Implications)
Brijlax Auto Pvt Ltd                    CC                 CRISIL BB-     5       Upgraded from
                                                                                  CRISIL B+
Brijlax Auto Pvt Ltd                    Electronic Dealer  CRISIL BB-     46      Upgraded from
                                        Financing                                 CRISIL B+
                                        Scheme(e-DFS)
Brijlax Auto Pvt Ltd                    LT Loan            CRISIL BB-     10.8    Upgraded from
                                                                                  CRISIL B+
Fransko Agro Foods                      CC                 CRISIL B+      70      Reaffirmed
Fransko Agro Foods                      LT Loan            CRISIL B+      1.5     Reaffirmed
Fransko Agro Foods                      Proposed LT Bk     CRISIL B+      13.5    Reaffirmed
                                        Loan Fac
Good Media News Pvt Ltd                 CC                 CRISIL B-      28.5    Reaffirmed
Good Media News Pvt Ltd                 LT Loan            CRISIL B-      81.5    Reaffirmed
Green Field Hi-Tech Rice Mill           CC                 CRISIL BB-     50      Reaffirmed
Green Field Hi-Tech Rice Mill           TL                 CRISIL BB-     20      Reaffirmed
Hasbro Clothing Pvt Ltd                 CC                 CRISIL BB+     280
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
Hasbro Clothing Pvt Ltd                 LT Loan            CRISIL BB+     20
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
HI-TECH AGRO FOOD Pvt Ltd               CC                 CRISIL B+      82.5    Reaffirmed
HMM Infra Ltd                           CC                 CRISIL BBB-    115     Reaffirmed
HMM Infra Ltd                           TL                 CRISIL BBB-    35      Reaffirmed
Indian Peroxide Ltd                     Proposed LT Bk     CRISIL B+      1.5     Assigned
                                        Loan Fac
Indian Peroxide Ltd                     LT Loan            CRISIL B+      620     Assigned
Indian Peroxide Ltd                     CC                 CRISIL B+      88.5    Assigned
Indore Public School Pvt Ltd            Proposed TL        CRISIL BBB     2.4     Reaffirmed
Indore Public School Pvt Ltd            TL                 CRISIL BBB     38.9    Reaffirmed
J. K. Rice Mills                        CC                 CRISIL B       147.5   Reaffirmed
J. K. Rice Mills                        Warehouse Receipts CRISIL B       7.5     Reaffirmed
Jai Shanker Rice and General Mills      CC                 CRISIL B+      100     -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Jai Shanker Rice and General Mills      TL                 CRISIL B+      30      -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Jakharia Fabric Ltd                     CC                 CRISIL BB      20      Reaffirmed
Jakharia Fabric Ltd                     Proposed LT Bk     CRISIL BB      87.5    Reaffirmed
                                        Loan Fac
Jakharia Fabric Ltd                     TL                 CRISIL BB      90      Reaffirmed
KIA Textiles Pvt Ltd                    CC                 CRISIL D       95      -
(Downgraded from CRISIL B+/Stable)
KMC Plastochem                          CC                 CRISIL BB-     40      Reaffirmed
KMC Plastochem                          Proposed LT Bk     CRISIL BB-     65      Reaffirmed
                                        Loan Fac
KMC Plastochem                          TL                 CRISIL BB-     45      Reaffirmed
Mirza International Ltd                 CC                 CRISIL A       400     Reaffirmed
Mirza International Ltd                 TL                 CRISIL A       263.8   Reaffirmed
Natraj Home Furnishings Pvt Ltd         Foreign Bill       CRISIL B+      50      Reaffirmed
                                        Discounting
Neel Industries Pvt Ltd                 CC^                CRISIL BBB+    20      -
(Continues on Rating Watch with Developing Implications) 
^ Interchangeable with working capital demand loan
Neel Industries Pvt Ltd                 CC^^               CRISIL BBB+    40      -
(Continues on Rating Watch with Developing Implications) 
^^Interchangeable with working capital demand loan; changeable one-way with letter of credit and
bank
Neel Industries Pvt Ltd                 CC                 CRISIL BBB+    10      -
Neel Industries Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    45      -
                                        Loan Fac
Pradhama Multi speciality Hospitals &   CC                 CRISIL D       115     Downgraded
Research Institute Ltd                                                            from CRISIL B
Pradhama Multi speciality Hospitals &   LT Loan            CRISIL D       1310    Downgraded
Research Institute Ltd                                                            from CRISIL B
R.S.Infraprojects Pvt Ltd               CC                 CRISIL BB      500     Withdrawn
(ISSUER NOT COOPERATING)
R.S.Infraprojects Pvt Ltd               LT Loan            CRISIL BB      20      Withdrawn
(ISSUER NOT COOPERATING)
R.S.Infraprojects Pvt Ltd               TL                 CRISIL BB      120     Withdrawn
(ISSUER NOT COOPERATING)
Ramgo Modern Rice Mill                  CC                 CRISIL B       50      Reaffirmed
Ravi Texo Fab Pvt Ltd                   CC                 CRISIL B-      65      Assigned
Saloraa Fabs                            Proposed LT Bk     CRISIL BB-     15.5    Reaffirmed
                                        Loan Fac
Saloraa Fabs                            TL                 CRISIL BB-     4.5     Reaffirmed
Samsonite South Asia Pvt Ltd            CC                 CRISIL AA-     220     Reaffirmed
Samsonite South Asia Pvt Ltd            Packing Credit     CRISIL AA-     150     Reaffirmed
Samsonite South Asia Pvt Ltd            Proposed LT Bk     CRISIL AA-     501.5   Reaffirmed
                                        Loan Fac
Samsonite South Asia Pvt Ltd            Purchase Bill      CRISIL AA-     250     Reaffirmed
                                        Discounting
Samsonite South Asia Pvt Ltd            WC Fac             CRISIL AA-     350     Reaffirmed
Saxena Marine-Tech Pvt Ltd              CC                 CRISIL B+      210     Assigned
Saxena Marine-Tech Pvt Ltd              LT Loan            CRISIL B+      2       Assigned
Senthiyappa Modern Rice Mill            CC                 CRISIL BB-     50      Reaffirmed
Senthiyappa Modern Rice Mill            Proposed LT Bk     CRISIL BB-     11.5    Reaffirmed
                                        Loan Fac
Senthiyappa Modern Rice Mill            TL                 CRISIL BB-     8.5     Reaffirmed
Shree Bharat International Pvt Ltd      Proposed LT Bk     CRISIL BBB+    49.9    Reaffirmed
                                        Loan Fac
Shri Maharana Chains                    CC                 CRISIL B       59      Reaffirmed
Shri Maharana Chains                    Proposed LT Bk     CRISIL B       11      Reaffirmed
                                        Loan Fac
Shri Varalakshmi Company                CC                 CRISIL BB+     200     -
(ISSUER NOT COOPERATING; Migrated from CRISIL BBB/Stable)
Shri Varalakshmi Company                Rupee TL           CRISIL BB+     134.9   -
(ISSUER NOT COOPERATING; Migrated from CRISIL BBB/Stable)
Sonai Constructions Pvt Ltd             CC                 CRISIL B+      60      Assigned
Sri Lakshmi Rice Industries             CC                 CRISIL B+      66.9    -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Sri Lakshmi Rice Industries             Proposed LT Bk     CRISIL B+      11.1    -
                                        Loan Fac
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Sri Lakshmi Rice Industries             LT Loan            CRISIL B+      2       -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Sri Viswasanthi Educational             CC                 CRISIL BB      30      -
Institutions Pvt Ltd
(Migrated from CRISIL BB/Stable ISSUER NOT COOPERATING)
Sri Viswasanthi Educational             Drop Line          CRISIL BB      30      -
Institutions Pvt Ltd                    Overdraft Fac
(Migrated from CRISIL BB/Stable ISSUER NOT COOPERATING)
Sri Viswasanthi Educational             Proposed LT Bk     CRISIL BB      15.6    -
Institutions Pvt Ltd                    Loan Fac
(Migrated from CRISIL BB/Stable ISSUER NOT COOPERATING)
Sri Viswasanthi Educational             TL                 CRISIL BB      36.5    -
Institutions Pvt Ltd
(Migrated from CRISIL BB/Stable ISSUER NOT COOPERATING)
Sterling and Wilson Co-Gen Solutions    LOC*               Withdrawn      950     -
Pvt Ltd
(Rating reaffirmed and Withdrawn) 
*Interchangeable with bank guarantee of Rs 50 crore, buyer's credit of Rs 50 crore, packing
credit of Rs 40 crore, working capital loan of Rs 15 crore, and overdraft of Rs 5 crore. 
Sukra Jewels                            CC                 CRISIL BB-     100     Reaffirmed
Super Plateck Pvt Ltd                   CC                 CRISIL B-      37.5    Reaffirmed
Surien Pharmaceuticals Pvt Ltd          CC                 CRISIL BB-     100     -
(Migrated from CRISIL BB/Stable ISSUER NOT COOPERATING)
Surya Electricals - Khurja              CC                 CRISIL B+      30      Reaffirmed
Surya Electricals - Khurja              Proposed CC Limit  CRISIL B+      5       Reaffirmed
Tarini Agro Foodprocess Pvt Ltd         CC                 CRISIL B+      27.8    -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Tarini Agro Foodprocess Pvt Ltd         Proposed LT Bk     CRISIL B+      5.7     -
                                        Loan Fac
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Tarini Agro Foodprocess Pvt Ltd         TL                 CRISIL B+      36.4    -
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Texmaco Hi-Tech Pvt Ltd                 CC*                CRISIL BBB-    150     Reaffirmed
(Continues on Rating Watch with Positive Implications) 
*Interchangeable with Working Capital Demand Loan, Bills Discounting, Export Packing Credit,
Packing Credit in Foreign Currency, and Foreign Bills Discounting
Texmaco Hi-Tech Pvt Ltd                 Proposed TL        CRISIL BBB-    600     Reaffirmed
(Continues on Rating Watch with Positive Implications)
Tulips Ambbience Pvt Ltd                CC                 CRISIL D       35      Reaffirmed
Tulips Ambbience Pvt Ltd                LOC                CRISIL D       3       Reaffirmed
Tulips Ambbience Pvt Ltd                TL                 CRISIL D       42      Reaffirmed
Unique Ship Breaking Corporation        CC                 CRISIL BB-     50      Reaffirmed
Vaidyaratnam Oushadhasala Pvt Ltd       CC                 CRISIL BBB-    100     Assigned
Vishal Infraglobal Pvt Ltd              BG                 CRISIL D       470     -
(ISSUER NOT COOPERATING; Downgraded from CRISIL B+/Stable ISSUER NOT COOPERATING)
Vishal Infraglobal Pvt Ltd              CC                 CRISIL D       250     -
(ISSUER NOT COOPERATING; Downgraded from CRISIL B+/Stable ISSUER NOT COOPERATING)
--------------------------------------------------------------------------------------------
$: 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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