June 15, 2018 / 3:58 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Jun 15

    Jun 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 14, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Affordable Robotic and Automation Ltd   BG                 CRISIL A4+     5       Reaffirmed
Akshay Enterprises - Mumbai             Packing Credit     CRISIL A4      10      Reaffirmed
Associated Power Structures Pvt Ltd     BG                 CRISIL A2+     2246    Reaffirmed
Associated Power Structures Pvt Ltd     Inland/Import LOC  CRISIL A2+     750     Reaffirmed
Associated Power Structures Pvt Ltd     Proposed ST Bk     CRISIL A2+     1304    Assigned
                                        Loan Fac
Cenerg Global Tools Pvt Ltd             Packing Credit in  CRISIL A3      95      Assigned
                                        Foreign Currency
Cenerg Global Tools Pvt Ltd             LOC                CRISIL A3      3.5     Assigned
Cenerg Global Tools Pvt Ltd             BG                 CRISIL A3      1.9     Assigned
Corrtech International Pvt Ltd          BG                 CRISIL A4+     1109.9  Reaffirmed
Corrtech International Pvt Ltd          LOC                CRISIL A4+     310     Reaffirmed
Deccan Tobacco Exports Pvt Ltd          Packing Credit     CRISIL A4+     100     Withdrawn
Deccan Tobacco Exports Pvt Ltd          Proposed LT Bk     CRISIL A4+     900     Withdrawn
                                        Loan Fac
Kwik Patch Ltd                          LOC                CRISIL A4+     25      Assigned
Mutual Industries Ltd                   LOC & BG           CRISIL A1      30      Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Orbit Coatings Pvt Ltd                  Inland/Import LOC  CRISIL A4+     5       Assigned
Sage Metals Ltd                         Proposed Bill      CRISIL A2      220     Reaffirmed
                                        Discounting Fac
Continues on 'Rating Watch with Developing Implications'
Spinaroo Commercial Pvt Ltd             Proposed LOC       CRISIL A4      35      Assigned
Tricolite Electrical Industries Ltd     BG                 CRISIL A4+     162     Reaffirmed
Tricolite Electrical Industries Ltd     Vendor Financing   CRISIL A4+     60      Reaffirmed
Young Industries                        Inland/Import LOC  CRISIL A4      20      Reaffirmed
Abhitech Energycon Ltd                  Rating             --
CRISIL is yet to receive adequate information

LONG TERM RATINGS:
-------------------
Affordable Robotic and Automation Ltd   CC                 CRISIL BB+     120
Upgraded from 'CRISIL BB-'
Ankit Electro Grating                   BG                 CRISIL BB-     5
Ratings reaffirmed and Withdrawn
Ankit Electro Grating                   CC                 CRISIL BB-     66
Ratings reaffirmed and Withdrawn
Ankit Electro Grating                   LOC                CRISIL BB-     10
Ratings reaffirmed and Withdrawn
Ankit Electro Grating                   Proposed LT Bk     CRISIL BB-     3
                                        Loan Fac
Ratings reaffirmed and Withdrawn
Ankit Electro Grating                   TL                 CRISIL BB-     6
Ratings reaffirmed and Withdrawn
Ankit Steels                            BG                 CRISIL BB-     2
Ratings reaffirmed and Withdrawn
Ankit Steels                            CC                 CRISIL BB-     70
Ratings reaffirmed and Withdrawn
Ankit Steels                            Proposed LT Bk     CRISIL BB-     8
                                        Loan Fac
Ratings reaffirmed and Withdrawn
Ankit Steels                            TL                 CRISIL BB-     6.5
Ratings reaffirmed and Withdrawn
Arashu Clothing Company                 CC                 CRISIL BB-     40
Withdrawn
Arashu Clothing Company                 Proposed LT Bk     CRISIL BB-     16
                                        Loan Fac
Withdrawn
Arashu Clothing Company                 TL                 CRISIL BB-     4
Withdrawn
Associated Power Structures Pvt Ltd     CC                 CRISIL A-      850     Reaffirmed
Associated Power Structures Pvt Ltd     LT Loan            CRISIL A-      54      Reaffirmed
Bellsonica Auto Component India Pvt Ltd Proposed LT Bk     CRISIL A-      100     Assigned
                                        Loan Fac
Cenerg Global Tools Pvt Ltd             Proposed LT Bk     CRISIL BBB-    18.6    Assigned
                                        Loan Fac
Cenerg Global Tools Pvt Ltd             Foreign Currency TLCRISIL BBB-    81      Assigned
Charisma Builders                       Rating             --
CRISIL is yet to receive adequate information
Chhattisgarh Ferro Trades Pvt Ltd       CC                 CRISIL B+      55      Withdrawn
Corrtech International Pvt Ltd          CC                 CRISIL BB+     400     Reaffirmed
Corrtech International Pvt Ltd          Funded Interest TL CRISIL BB+     206.6   Reaffirmed
Corrtech International Pvt Ltd          LT Loan            CRISIL BB+     517     Reaffirmed
Corrtech International Pvt Ltd          Proposed LT Bk     CRISIL BB+     19.2    Reaffirmed
                                        Loan Fac
Corrtech International Pvt Ltd          WC TL              CRISIL BB+     687.3   Reaffirmed
Creative Components Pvt Ltd             Proposed LT Bk     CRISIL BB      0.8     Assigned
                                        Loan Fac
Creative Components Pvt Ltd             CC                 CRISIL BB      45      Assigned
Creative Components Pvt Ltd             LT Loan            CRISIL BB      49.2    Assigned
Debogram Agro Industries LLP            LT Loan            CRISIL B       120     Reaffirmed
DMW CNC Solutions India Pvt Ltd         BG                 CRISIL B       19
Issuer Not Cooperating; Rating Withdrawn
DMW CNC Solutions India Pvt Ltd         CC                 CRISIL B       40
Issuer Not Cooperating; Rating Withdrawn
DMW CNC Solutions India Pvt Ltd         Proposed LT Bk     CRISIL B       164.6
                                        Loan Fac
Issuer Not Cooperating; Rating Withdrawn
DMW CNC Solutions India Pvt Ltd         TL                 CRISIL B       188.8
Issuer Not Cooperating; Rating Withdrawn
Dutta Agro Plantations Pvt Ltd          Proposed LT Bk     CRISIL D       3.5     Assigned
                                        Loan Fac
Dutta Agro Plantations Pvt Ltd          CC                 CRISIL D       36.5    Assigned
Dutta Agro Plantations Pvt Ltd          LT Loan            CRISIL D       55      Assigned
FSN E-Commerce Ventures Pvt Ltd         Rating             --
CRISIL is yet to receive adequate information
G.S. Enterprises - Jalandhar            CC                 CRISIL BB      5
Withdrawn/Issuer Not Cooperating
Gemini Equipment and Rentals Pvt Ltd    Rating             --
CRISIL is yet to receive adequate information
Indomobil Sales And Services Pvt Ltd    CC                 CRISIL BB+     72.5    Reaffirmed
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Indomobil Sales And Services Pvt Ltd    LT Loan            CRISIL BB+     15      Reaffirmed
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Indomobil Sales And Services Pvt Ltd    TL                 CRISIL BB+     10      Assigned
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Indomobil Sales And Services Pvt Ltd    Proposed WC Fac    CRISIL BB+     2.5     Assigned
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
International Trading Corporation       Rating             --
CRISIL is yet to receive adequate information
IVC Logistics Ltd                       CC                 CRISIL BB-     240     Reaffirmed
Jeelani Marine Products                 CC                 CRISIL BB-     50      Reaffirmed
Jeelani Marine Products                 Proposed TL        CRISIL BB-     100     Reaffirmed
Joy Guru Rice Mill                      CC                 CRISIL BB-     30      Reaffirmed
Joy Guru Rice Mill                      Proposed LT Bk     CRISIL BB-     8       Reaffirmed
                                        Loan Fac
Joy Guru Rice Mill                      TL                 CRISIL BB-     32      Assigned
Kuantum Papers Ltd                      Rating             --
CRISIL is yet to receive adequate information
Kwik Patch Ltd                          LT Loan            CRISIL BB      25      Assigned
Kwik Patch Ltd                          CC                 CRISIL BB      100     Assigned
Megawin Leather (India) Pvt Ltd         CC                 CRISIL D       90
Downgraded from 'CRISIL BB'
Megawin Leather (India) Pvt Ltd         LOC                CRISIL D       30
Downgraded from 'CRISIL BB'
Modern Chemicals                        CC                 CRISIL BB-     50
Issuer Not Cooperating; Rating Withdrawn
Modern Chemicals                        Import LOC Limit   CRISIL BB-     145
Issuer Not Cooperating; Rating Withdrawn
Modern Chemicals                        Proposed LT Bk     CRISIL BB-     5
                                        Loan Fac
Issuer Not Cooperating; Rating Withdrawn
Mutual Industries Ltd                   CC*                CRISIL A+      100     Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   CC^                CRISIL A+      150     Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   CC                 CRISIL A+      70      Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   Proposed LT Bk     CRISIL A+      370     Reaffirmed
                                        Loan Fac
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   TL                 CRISIL A+      480     Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   WC TL              CRISIL A+      150     Reaffirmed
Continues on 'Rating Watch with Negative Implications'
Mutual Industries Ltd                   CC*                CRISIL A+      100
Watch Negative; *Interchangeable with letter of credit and bank guarantee
Mutual Industries Ltd                   CC^                CRISIL A+      150
Watch Negative; ^Interchangeable with letter of credit and bank guarantee of up to Rs 5 crore
Mutual Industries Ltd                   CC                 CRISIL A+      70
Watch Negative
Mutual Industries Ltd                   LOC & BG           CRISIL A+      30
Watch Negative
Mutual Industries Ltd                   Proposed LT Bk     CRISIL A+      370
                                        Loan Fac
Watch Negative
Mutual Industries Ltd                   TL                 CRISIL A+      480
Watch Negative
Mutual Industries Ltd                   WC TL              CRISIL A+      150
Watch Negative
Nandan Petrochem Ltd                    Proposed LT Bk     CRISIL BBB-    510     Reaffirmed
                                        Loan Fac
Nandan Petrochem Ltd                    WC Fac             CRISIL BBB-    740     Reaffirmed
Orbit Coatings Pvt Ltd                  TL                 CRISIL BB-     50      Assigned
Orbit Coatings Pvt Ltd                  Bill Discounting   CRISIL BB-     20      Assigned
Orbit Coatings Pvt Ltd                  CC                 CRISIL BB-     45      Assigned
P.K.Hospitality Services Pvt Ltd        Rating             --
CRISIL is yet to receive adequate information
Panduronga Timblo Industrias            CC                 CRISIL BB      200
Issuer Not Cooperating; Migrated from 'CRISIL BBB'
Panduronga Timblo Industrias            Proposed LT Bk     CRISIL BB      200
                                        Loan Fac
Issuer Not Cooperating; Migrated from 'CRISIL BBB'
Paswara Chemicals Ltd                   CC                 CRISIL BB-     110
Issuer Not Cooperating; Rating Withdrawn
Rajasthan Lime Udyog                    CC                 CRISIL BB      140     Withdrawn
Reliance Nippon Life Asset Management   LT Rating          CRISIL BB-             Reaffirmed
Ltd
Sanaa Distributors India Pvt Ltd        Channel Financing  CRISIL B       100
Ratings reaffirmed and Withdrawn
Sanaa Distributors India Pvt Ltd        Drop Line          CRISIL B       20
                                        Overdraft Fac
Ratings reaffirmed and Withdrawn
Sapphire Projects Pvt Ltd               LT Loan            CRISIL BB      230     Withdrawn
Shivdhan Boards Pvt Ltd                 Rating             --
CRISIL is yet to receive adequate information
Sidds Jewels India LLP                  CC                 CRISIL BBB     712.5
Revised from 'CRISIL BBB-'
Sidds Jewels India LLP                  TL                 CRISIL BBB     67.5
Revised from 'CRISIL BBB-'
Sidd's Jewels Pvt Ltd                   Post Shipment      CRISIL BBB     273.74
                                        Credit
Revised from CRISIL BBB-
Sidd's Jewels Pvt Ltd                   Proposed FB Bk     CRISIL BBB     25
                                        Limits
Revised from CRISIL BBB-
Sidd's Jewels Pvt Ltd                   Standby FB Limits  CRISIL BBB     38.26
Revised from CRISIL BBB-
Siyaram Impex Pvt Ltd                   CC                 CRISIL B       90      Reaffirmed
Siyaram Impex Pvt Ltd                   LT Bk Fac          CRISIL B       20      Assigned
Spinaroo Commercial Pvt Ltd             TL                 CRISIL B+      6       Assigned
Spinaroo Commercial Pvt Ltd             Proposed TL        CRISIL B+      9       Assigned
Spinaroo Commercial Pvt Ltd             CC                 CRISIL B+      21.5    Assigned
Spinaroo Commercial Pvt Ltd             Proposed CC Limit  CRISIL B+      28.5    Assigned
Sunren Industries Pvt Ltd               CC                 CRISIL B+      20      Assigned
Sunren Industries Pvt Ltd               TL                 CRISIL B+      42.5    Assigned
Super Shiv Shakti Chemicals Pvt Ltd     CC                 CRISIL D       212.5
Issuer Not Cooperating; Rating Withdrawn
Super Shiv Shakti Chemicals Pvt Ltd     TL                 CRISIL D       127.5
Issuer Not Cooperating; Rating Withdrawn
Super-Tech Plastpack Pvt Ltd            CC                 CRISIL B       0.8     Assigned
Super-Tech Plastpack Pvt Ltd            TL                 CRISIL B       4.9     Assigned
Swagat Hospitals Pvt Ltd                TL                 CRISIL B-      250     Withdrawn
Tirupatibalaji Mills Pvt Ltd            CC                 CRISIL B+      10      Assigned
Tirupatibalaji Mills Pvt Ltd            Rupee TL           CRISIL B+      5       Assigned
Tricolite Electrical Industries Ltd     CC                 CRISIL BB-     60      Reaffirmed
Tricolite Electrical Industries Ltd     LT Loan            CRISIL BB-     8       Reaffirmed
Young Industries                        CC                 CRISIL B       60
Downgraded from 'CRISIL B+'

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