June 7, 2018 / 6:58 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Jun 7

    Jun 7 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of June 6, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Associated Power Structures Pvt Ltd     BG                 CRISIL A2+     2246    Reaffirmed
Associated Power Structures Pvt Ltd     Inland/Import LOC  CRISIL A2+     750     Reaffirmed
AU Small Finance Bank Ltd               CDs                CRISIL A1+     10000   Reaffirmed
Avendus Finance Pvt Ltd                 CP Programme       CRISIL A1+     1000    Assigned
Avendus Finance Pvt Ltd                 ST Non Convertible CRISIL A1+     1000    Reaffirmed
                                        Debentu
Cargo Service Center India Pvt Ltd      BG                 CRISIL A3+     110     Reaffirmed
Clean Solar Power (Hiriyur) Pvt Ltd     LOC & BG^          CRISIL A1+     17300   Reaffirmed
^Interchangeable with fund based limits of upto Rs.550 crore
Corrtech International Pvt Ltd          BG                 CRISIL A4+     1036.1  Assigned
Corrtech International Pvt Ltd          LOC                CRISIL A4+     275.3   Assigned
Dalas Biotech Ltd                       LOC                CRISIL D       200     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Gawar Construction Ltd                  Proposed ST Bk     CRISIL A1      2150    Reaffirmed
                                        Loan Fac
Goldstone Infratech Ltd                 BG                 CRISIL A3      459.5   Reaffirmed
Goldstone Infratech Ltd                 LOC*               CRISIL A3      500     Reaffirmed
Goldstone Infratech Ltd                 LOC                CRISIL A3      170     Reaffirmed
Goldstone Infratech Ltd                 Proposed LOC       CRISIL A3      300     Reaffirmed
Haldiram Foods International Pvt Ltd    LOC                CRISIL A1+     30      Assigned
Hatsun Agro Product Ltd                 Capex LOC          CRISIL A1      850.4   Reaffirmed
Kent Intelligent Transportation Systems Proposed ST Bk     CRISIL A4+     3.7     Assigned
(India) Pvt Ltd                         Loan Fac
Kent Intelligent Transportation Systems BG                 CRISIL A4+     19.5    Assigned
(India) Pvt Ltd
Kripton Granito Pvt Ltd                 BG                 CRISIL A4      35      Reaffirmed
MacBrout Engineering Pvt Ltd            BG                 CRISIL A2      3.5     Reaffirmed
MacBrout Engineering Pvt Ltd            LOC                CRISIL A2      186     Reaffirmed
MacBrout Engineering Pvt Ltd            Packing Credit     CRISIL A2      30      Reaffirmed
Mantora Oil Products Pvt Ltd            Import LOC Limit   CRISIL A3+     500     Reaffirmed
Netaji Oil Depot Unit Of Mrs Realty Pvt Proposed LOC       CRISIL A4+     80.6    Assigned
Ltd
Netaji Oil Depot Unit Of Mrs Realty Pvt Overdraft          CRISIL A4+     79.4    Assigned
Ltd
Netaji Oil Depot Unit Of Mrs Realty Pvt BG                 CRISIL A4+     70      Assigned
Ltd
Ojus Power and Technologies Pvt Ltd     LOC                CRISIL A4+     10      Assigned
Oricon Enterprises Ltd                  LOC                CRISIL A2+     150     -
Continues on 'Rating Watch with Developing Implications
Oriental Containers Ltd                 LOC                CRISIL A2+     900     -
Continues on 'Rating Watch with Developing Implications
Renfro India Pvt Ltd                    BG                 CRISIL A3+     15      Reaffirmed
Renfro India Pvt Ltd                    LOC & BG           CRISIL A3+     215     Reaffirmed
S.R. Udayashankar                       BG                 CRISIL A4      30      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Sawan Engineers Pvt Ltd                 LOC                CRISIL A3      65      Reaffirmed
Sawan Engineers Pvt Ltd                 Packing Credit     CRISIL A3      75      Reaffirmed
Shree Jaya Laboratories Pvt Ltd         BG                 CRISIL A3      2.5     Assigned
Suspension Revoked
Shree Jaya Laboratories Pvt Ltd         Foreign Exchange   CRISIL A3      2.5     Assigned
                                        Forward
Suspension Revoked
Shree Jaya Laboratories Pvt Ltd         LOC                CRISIL A3      90      Assigned
Suspension Revoked
Shree Jaya Laboratories Pvt Ltd         Standby Line of    CRISIL A3      5       Assigned
                                        Credit
Suspension Revoked
Shree Ram Plastics                      LOC*               CRISIL A4+     15      Assigned
* Interchangeability of BG of Rs.1 crore and foreign letter of credit Rs.1.5 crore
Tayal Sons Ltd                          Bill Discounting   CRISIL A3      100     Reaffirmed
The Mahabir Jute Mills Ltd              BG                 CRISIL A4+     30      Assigned
Suspension Revoked
TJSB Sahakari Bank Ltd                  BG                 CRISIL A2+     3200    Reaffirmed
Ukay Metal Industries Pvt Ltd           LOC                CRISIL A3+     2.5     Reaffirmed



LONG TERM RATINGS:
-------------------
Amplus Power Solutions Pvt Ltd          TL                 CRISIL BBB+    1280    Reaffirmed
Associated Power Structures Pvt Ltd     CC                 CRISIL A-      850     Reaffirmed
Associated Power Structures Pvt Ltd     LT Loan            CRISIL A-      54      Reaffirmed
AU Small Finance Bank Ltd               NCD                CRISIL A+      2150    Reaffirmed
AU Small Finance Bank Ltd               Subordinated Debt  CRISIL A+      1250    Reaffirmed
                                        Bonds
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      3500    Assigned
Avendus Finance Pvt Ltd                 NCD                CRISIL A+      2000    Reaffirmed
Avendus Finance Pvt Ltd                 Proposed LT Bk     CRISIL A+      5000    Reaffirmed
                                        Loan Fac
Bakson Drugs and Pharmaceuticals Pvt LtdCC                 CRISIL BB+     120     Reaffirmed
Bakson Drugs and Pharmaceuticals Pvt LtdLT Loan            CRISIL BB+     40      Assigned
Cargo Service Center India Pvt Ltd      CC                 CRISIL BBB     60      Reaffirmed
Cargo Service Center India Pvt Ltd      Proposed LT Bk     CRISIL BBB     10      Reaffirmed
                                        Loan Fac
Corrtech International Pvt Ltd          TL                 CRISIL BB+     462.2   Assigned
Corrtech International Pvt Ltd          Funded Interest TL CRISIL BB+     331.5   Assigned
Corrtech International Pvt Ltd          CC                 CRISIL BB+     400     Assigned
Corrtech International Pvt Ltd          WC Demand Loan     CRISIL BB+     397.5   Assigned
Corrtech International Pvt Ltd          WC TL              CRISIL BB+     347.4   Assigned
Dalas Biotech Ltd                       CC                 CRISIL D       200     Downgraded
                                                                                  from CRISIL BB
Dalas Biotech Ltd                       Proposed LT Bk     CRISIL D       39.1    Downgraded
                                        Loan Fac                                  from CRISIL BB
Dalas Biotech Ltd                       TL                 CRISIL D       16.8    Downgraded
                                                                                  from CRISIL BB
Dalas Biotech Ltd                       WC TL              CRISIL D       94.1    Downgraded
                                                                                  from CRISIL BB
EVM Motels Pvt Ltd                      TL                 CRISIL B+      100     Assigned
Gawar Construction Ltd                  BG*                CRISIL A+      1050    Reaffirmed
*Interchangeable with fund based facilities
Gawar Construction Ltd                  CC                 CRISIL A+      550     Reaffirmed
Gawar Construction Ltd                  CC & WC demand loanCRISIL A+      950     Reaffirmed
Gawar Construction Ltd                  Proposed LT Bk     CRISIL A+      500     Reaffirmed
                                        Loan Fac
Gawar Construction Ltd                  BG                 CRISIL A+      11900   Reaffirmed
Goldstone Infratech Ltd                 CC                 CRISIL BBB-    330     Reaffirmed
Goldstone Infratech Ltd                 Standby Line of    CRISIL BBB-    20      Reaffirmed
                                        Credit
Goldstone Infratech Ltd                 Proposed LT Bk     CRISIL BBB-    28.4    Assigned
                                        Loan Fac
Greenleaf Tobacco Threshers Ltd         Export Packing     CRISIL D       150     Downgraded
                                        Credit                                    from CRISIL B-
ISSUER NOT COOPERATING
Haldiram Foods International Pvt Ltd    CC                 CRISIL AA+     400     Assigned
Hatsun Agro Product Ltd                 CC                 CRISIL A       1000    Reaffirmed
Hatsun Agro Product Ltd                 LT Loan            CRISIL A       5723.3  Reaffirmed
Hatsun Agro Product Ltd                 Proposed LT Bk     CRISIL A       1426.3  Reaffirmed
                                        Loan Fac
IVC Logistics Ltd                       CC                 CRISIL BB-     182.5   Reaffirmed
JayMangal Realities                     TL                 CRISIL BB-     200     Reaffirmed
Kent Intelligent Transportation Systems CC                 CRISIL BB+     30      Assigned
(India) Pvt Ltd
Kripton Granito Pvt Ltd                 CC                 CRISIL B+      60      Reaffirmed
Kripton Granito Pvt Ltd                 TL                 CRISIL B+      200     Reaffirmed
MacBrout Engineering Pvt Ltd            Proposed LT Bk     CRISIL BBB+    40.5    Reaffirmed
                                        Loan Fac
Mantora Oil Products Pvt Ltd            CC                 CRISIL BBB     400     Reaffirmed
Mantora Oil Products Pvt Ltd            Foreign LOC        CRISIL BBB     100     Reaffirmed
Matrix Fine Sciences Pvt Ltd            CC                 CRISIL BBB     120     Upgraded from
                                                                                  CRISIL BBB-
Matrix Fine Sciences Pvt Ltd            Proposed LT Bk     CRISIL BBB     11.5    Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Matrix Fine Sciences Pvt Ltd            TL                 CRISIL BBB     118.5   Upgraded from
                                                                                  CRISIL BBB-
Netaji Oil Depot Unit Of Mrs Realty Pvt Proposed CC Limit  CRISIL BB+     50      Assigned
Ltd
Netaji Oil Depot Unit Of Mrs Realty Pvt CC                 CRISIL BB+     80      Assigned
Ltd
Ojus Power and Technologies Pvt Ltd     CC                 CRISIL BB+     110     Reaffirmed
Ojus Power and Technologies Pvt Ltd     Proposed TL        CRISIL BB+     40      Assigned
Ojus Power and Technologies Pvt Ltd     Proposed CC Limit  CRISIL BB+     20      Assigned
Oricon Enterprises Ltd                  Buyer`s Credit     CRISIL A-      100     -
Continues on 'Rating Watch with Developing Implications'
Oriental Containers Ltd                 CC                 CRISIL A-      600     -
Continues on 'Rating Watch with Developing Implications'
Osia Jewels Pvt Ltd                     CC                 CRISIL C       75      Revised from
                                                                                  CRISIL BB-
ISSUER NOT COOPERATING
Osia Jewels Pvt Ltd                     Proposed LT Bk     CRISIL C       125     Revised from
                                        Loan Fac                                  CRISIL BB-
ISSUER NOT COOPERATING
Renfro India Pvt Ltd                    Export Packing     CRISIL BBB     325     Reaffirmed
                                        Credit$
$Interchangeable with LC upto Rs.6 cr and Rs.6.5 cr of Cash credit
Renfro India Pvt Ltd                    Export Packing     CRISIL BBB     165     Reaffirmed
                                        Credit#
#Fully interchangeable with CC, Rs2 crore is sublimit of LC
Renfro India Pvt Ltd                    Export Packing     CRISIL BBB     220     Reaffirmed
                                        Credit*
*Fully interchangeable with CC/pre-shipment/post shipment finance/WCDL
Renfro India Pvt Ltd                    Export Packing     CRISIL BBB     110     Reaffirmed
                                        Credit
Renfro India Pvt Ltd                    Proposed TL        CRISIL BBB     700     Reaffirmed
Renfro India Pvt Ltd                    Rupee TL           CRISIL BBB     270     Assigned
Renfro India Pvt Ltd                    Proposed WC Fac    CRISIL BBB     150     Assigned
S.R. Udayashankar                       Overdraft          CRISIL B+      28      Downgraded
                                                                                  from CRISIL BB
Sawan Engineers Pvt Ltd                 CC                 CRISIL BBB-    120     Reaffirmed
Shree Jaya Laboratories Pvt Ltd         CC                 CRISIL BBB-    100     Assigned
Suspension Revoked
Shree Ram Plastics                      TL                 CRISIL BB-     11.9    Assigned
Shree Ram Plastics                      Proposed LT Bk     CRISIL BB-     23.1    Assigned
                                        Loan Fac
Shree Ram Plastics                      CC                 CRISIL BB-     60      Assigned
Siddham Jewels Pvt Ltd                  CC                 CRISIL C       50      Revised from
                                                                                  CRISIL BB-
ISSUER NOT COOPERATING
Siddham Jewels Pvt Ltd                  Proposed LT Bk     CRISIL C       50      Revised from
                                        Loan Fac                                  CRISIL BB-
ISSUER NOT COOPERATING
SK. Chan Basha and Co                   Bill Discounting   CRISIL D       82.5    Downgraded
                                        under LOC                                 from CRISIL B+
ISSUER NOT COOPERATING
SK. Chan Basha and Co                   CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B+
ISSUER NOT COOPERATING
Tayal Sons Ltd                          CC                 CRISIL BBB-    250     Reaffirmed
The Mahabir Jute Mills Ltd              CC                 CRISIL BB      125     Assigned
Suspension Revoked
The Mahabir Jute Mills Ltd              TL                 CRISIL BB      55      Assigned
Suspension Revoked
Tirumala Comprints Ltd                  CC                 CRISIL B-      88      Reaffirmed
Tirumala Comprints Ltd                  LT Loan            CRISIL B-      32      Reaffirmed
Ukay Metal Industries Pvt Ltd           CC                 CRISIL BBB     233     Reaffirmed
Ukay Metal Industries Pvt Ltd           Rupee TL           CRISIL BBB     185     Reaffirmed
Zydex Industries                        WC TL              CRISIL BB+     30      Assigned
Zydex Industries                        TL                 CRISIL BB+     10      Assigned
Zydex Industries                        CC                 CRISIL BB+     150     Assigned
Zydex Industries                        Foreign Bill       CRISIL BB+     20      Assigned
                                        Discounting
--------------------------------------------------------------------------------------------
$: 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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