March 11, 2019 / 4:48 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Mar 11

   Mar 11 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 8, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adani Housing Finance Pvt Ltd           Proposed ST Bk     CRISIL A1+     500     Assigned
                                        Loan Fac
Amit N. Shah                            BG                 CRISIL A4+     150     Assigned
Arora Matthey Ltd                       BG                 CRISIL A3      35      Upgraded from
                                                                                  CRISIL A4+
Atlanta Electricals Pvt Ltd             BG                 CRISIL A3+     1250    Reaffirmed
Atlanta Electricals Pvt Ltd             LOC                CRISIL A3+     600     Reaffirmed
Chirag Goel Enterprises Pvt Ltd         Inland/Import LOC  CRISIL A4      50      Reaffirmed
Migrated from CRISIL A4 (Issuer Not Cooperating)
Cmm Infraprojects Ltd                   BG                 CRISIL A4      1000    Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
DPB Antibiotics                         Proposed LOC       CRISIL A3+     90      Upgraded from
                                                                                  CRISIL A3
Galwalia Ispat Udyog Pvt Ltd            LOC                CRISIL A3+     200     Upgraded from
                                                                                  CRISIL A3
Metal Crafts Constructors Pvt Ltd       BG                 CRISIL A4+     100     Assigned
Rohit Automobiles - Ara                 Vendor Financing   CRISIL A4+     45      Reaffirmed
S P International                       Export Packing     CRISIL A4+     60      Reaffirmed
                                        Credit
Sanghi Brothers (Indore) Pvt Ltd        LOC                CRISIL A4+     150     Assigned
Sanghi Brothers (Indore) Pvt Ltd        BG                 CRISIL A4+     40      Assigned
Southern Tropical Foods Pvt Ltd         BG                 CRISIL A4+     5       Reaffirmed
Southern Tropical Foods Pvt Ltd         Packing Credit     CRISIL A4+     350     Reaffirmed
Tata Capital Ltd                        CP                 CRISIL A1+     20000   Reaffirmed
The Naihati Jute Mills Co Ltd           BG                 CRISIL A4+     40      Reaffirmed
The Naihati Jute Mills Co Ltd           LOC                CRISIL A4+     40      Reaffirmed


LONG TERM RATINGS:
-------------------
Adani Housing Finance Pvt Ltd           Proposed LT Bk     CRISIL AA-     4500    Reaffirmed
                                        Loan Fac*
*Interchangeable with short term bank facilities
Amisha Steels Pvt Ltd                   CC                 CRISIL B+      55      Upgraded from
                                                                                  CRISIL B
Amit N. Shah                            CC                 CRISIL BB+     50      Assigned
Apotex Pharmachem India Pvt Ltd         Packing Credit in  -              320     Withdrawn
                                        Foreign Currency
Arora Matthey Ltd                       CC                 CRISIL BBB-    159     Upgraded from
                                                                                  CRISIL BB+
Atlanta Electricals Pvt Ltd             CC                 CRISIL BBB     560     Reaffirmed
Atlanta Electricals Pvt Ltd             Proposed LT Bk     CRISIL BBB     25      Reaffirmed
                                        Loan Fac
Atlanta Electricals Pvt Ltd             TL                 CRISIL BBB     165     Reaffirmed
Chirag Goel Enterprises Pvt Ltd         CC                 CRISIL B       50      Reaffirmed
Migrated from CRISIL B
CMM Infraprojects Ltd                   CC                 CRISIL B+      300     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Deepa Agencies                          CC                 CRISIL BB      25      Upgraded from
                                                                                  CRISIL BB-
Deepa Agencies                          Channel Financing  CRISIL BB      75      Upgraded from
                                                                                  CRISIL BB-
DPB Antibiotics                         CC                 CRISIL BBB     400     Upgraded from
                                                                                  CRISIL BBB-
DPB Antibiotics                         Proposed CC Limit  CRISIL BBB     10      Upgraded from
                                                                                  CRISIL BBB-
Epygen Biotech Pvt Ltd                  TL                 CRISIL D       250     Downgraded
                                                                                  from CRISIL B+
Galwalia Ispat Udyog Pvt Ltd            CC                 CRISIL BBB     312.5   Upgraded from
                                                                                  CRISIL BBB-
Galwalia Ispat Udyog Pvt Ltd            LT Loan            CRISIL BBB     227.2   Upgraded from
                                                                                  CRISIL BBB-
GEO Connect Ltd                         CC                 CRISIL B-      114     Assigned
GEO Connect Ltd                         LT Loan            CRISIL B-      56      Assigned
Jagdish Rice Mills                      CC                 CRISIL BBB-    200     Upgraded from
                                                                                  CRISIL BB+
MD Movers                               CC                 CRISIL BBB-    60      Reaffirmed
MD Movers                               TL                 CRISIL BBB-    240     Reaffirmed
Mercury Feb 2019 (Originator: Asirvad   Series A PTCs      Provisional    1214.7  Provisional
Microfinance Ltd)                                          CRISIL A (SO)          Rating
                                                                                  Assigned
Metal Crafts Constructors Pvt Ltd       CC                 CRISIL BB      60      Assigned
NeuroGen Brain And Spine Institute      Proposed TL        CRISIL BB-     100     Reaffirmed
NeuroGen Brain And Spine Institute      TL                 CRISIL BB-     120     Assigned
R. J. Cylinder Industries               CC/ Overdraft Fac  CRISIL BB-     39.7    Assigned
R. J. Cylinder Industries               LT Loan            CRISIL BB-     77.2    Assigned
Rohit Automobiles - Ara                 CC                 CRISIL BB      95      Reaffirmed
Rohit Automobiles - Ara                 TL                 CRISIL BB      10      Reaffirmed
S P International                       Export Packing     CRISIL BB      140     Reaffirmed
                                        Credit
Sanghi Brothers (Indore) Pvt Ltd        LT Loan            CRISIL BB+     90.4    Assigned
Sanghi Brothers (Indore) Pvt Ltd        CC                 CRISIL BB+     710     Assigned
SB Energy Three Pvt Ltd                 TL                 -              10      Withdrawn
SB Energy Three Pvt Ltd                 TL                 CRISIL A-      3800    Reaffirmed
SB Energy Three Pvt Ltd                 WC Fac             CRISIL A-      80      Assigned

Sidharth Exporters                      CC                 CRISIL BBB-    200     Upgraded from
                                                                                  CRISIL BB+
Southern Tropical Foods Pvt Ltd         Foreign Bill       CRISIL BB+     350     Reaffirmed
                                        Discounting
Southern Tropical Foods Pvt Ltd         LT Loan            CRISIL BB+     151.2   Reaffirmed
Southern Tropical Foods Pvt Ltd         Proposed CC Limit  CRISIL BB+     100     Reaffirmed
Southern Tropical Foods Pvt Ltd         Proposed LT Bk     CRISIL BB+     3.8     Assigned
                                        Loan Fac
Tata Capital Ltd                        CC & WC demand loanCRISIL AAA     150     Reaffirmed
Tata Capital Ltd                        Proposed LT Bk     CRISIL AAA     100     Reaffirmed
                                        Loan Fac
Tata Capital Ltd                        PS                 CRISIL AAA     400     Assigned
Tata Capital Ltd                        PS                 CRISIL AAA     25700   Reaffirmed
Tata Capital Ltd                        NCDs               CRISIL AAA     25000   Reaffirmed
The Naihati Jute Mills Co Ltd           CC                 CRISIL BB+     150     Reaffirmed
The Naihati Jute Mills Co Ltd           Proposed LT Bk     CRISIL BB+     9       Reaffirmed
                                        Loan Fac
Uniply Industries Ltd                   Proposed LT Bk     -              1130    Withdrawn
                                        Loan Fac
Uniply Industries Ltd                   Proposed ST Bk     -              400     Withdrawn
                                        Loan Fac
Unique Infraspace Pvt Ltd               TL                 CRISIL BB      350     Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Universal Educational Society           Overdraft          CRISIL BBB-    39.5    Reaffirmed
Universal Educational Society           TL                 CRISIL BBB-    342.5   Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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