March 13, 2018 / 6:34 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Mar 13

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



COMPANY                                 INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. S. Motors Pvt Ltd                    Overdraft          CRISIL A4      35      Assigned
Aditya Steel Rolling Mills Pvt Ltd      BG                 CRISIL A4      90      Reaffirmed
B.D. Agricare Pvt Ltd                   BG#                CRISIL A4      0.7     Assigned
#Performance Bank guarantee
Bharat Aluminium Co. Ltd                CP Programme       CRISIL A1+     20000   Reaffirmed
Bharat Aluminium Co. Ltd                CP Programme^      CRISIL A1+(SO) 2500    Withdrawal
^ Guaranteed by Vedanta Ltd
Bharat Constructions - Jammu            CC                 CRISIL D       65      Migrated from
                                                                                  CRISIL A4
Issuer Not Cooperating
Commander Ceramic Industries            BG                 CRISIL A4      10      Assigned
Danavarshini Exports Pvt Ltd            Foreign            CRISIL A4+     150     Reaffirmed
                                        Discounting Bill
                                        Purchase
Danavarshini Exports Pvt Ltd            Packing Credit     CRISIL A4+     150     Reaffirmed
Futech Projects India Pvt Ltd           Clean Bill         CRISIL A4      10      Reaffirmed
                                        Discounting
Futech Projects India Pvt Ltd           LOC & BG           CRISIL A4      120     Reaffirmed
GSS Infotech Ltd                        BG                 CRISIL A4      32.5    Reaffirmed
Issuer Not Cooperating
Haryana Oils and Soya Ltd               LOC                CRISIL A4+     950     Reaffirmed
Hindustan Zinc Ltd                      Bill Discounting   CRISIL A1+     2300    Reaffirmed
Hindustan Zinc Ltd                      LOC & BG           CRISIL A1+     10800   Reaffirmed
Hindustan Zinc Ltd                      CP                 CRISIL A1+     20000   Reaffirmed
(Reduced from Rs.4650 Crore)
KLSR Infratech Ltd                      BG                 CRISIL A4+     1225    -
Issuer Not Cooperating
Kotak Infrastructure Debt Fund Ltd      CP Programme       CRISIL A1+     300     Reaffirmed
MALCO Energy Ltd                        LOC & BG**         CRISIL A1+     200     Reaffirmed
** Interchangeable with letter of undertaking
Oricon Enterprises Ltd                  LOC                CRISIL A2+     150     Reaffirmed
Oriental Containers Ltd                 LOC                CRISIL A2+     900     Reaffirmed
Rine Engineering Pvt Ltd                BG                 CRISIL A4+     10      Reaffirmed
Saba Exports                            LOC                CRISIL A3      21.5    Reaffirmed
Sesa Resources Ltd                      Non-FBL            CRISIL A1+     1500    Reaffirmed
Sesa Resources Ltd                      CP                 CRISIL A1+     1000    Withdrawal
Vedanta Ltd                             Non-FBL*           CRISIL A1+     185750  Reaffirmed
* Non-fund-based limit of Rs 2000 crore interchangeable with fund-based limit
Vedanta Ltd                             CP                 CRISIL A1+     130000  Reaffirmed


LONG TERM RATINGS:
-------------------
A. S. Motors Pvt Ltd                    Inventory Funding  CRISIL B+      194     Assigned
                                        Fac
A. S. Motors Pvt Ltd                    Loan Against       CRISIL B+      45      Assigned
                                        Property
Adinath Foundations Pvt Ltd             LT Loan            -              100     Withdrawal
Issuer Not Cooperating
Aditya Steel Rolling Mills Pvt Ltd      CC                 CRISIL B-      170     Reaffirmed
Aditya Steel Rolling Mills Pvt Ltd      TL                 CRISIL B-      10      Reaffirmed
Aryan Villa and Resorts LLP             TL                 CRISIL B+      250     Assigned
AYG Realty Pvt Ltd                      BG                 CRISIL D       140     -
AYG Realty Pvt Ltd                      CC                 CRISIL D       70      -
B.D. Agricare Pvt Ltd                   TL                 CRISIL B+      20.9    Assigned
B.D. Agricare Pvt Ltd                   Proposed TL        CRISIL B+      2.6     Assigned
B.D. Agricare Pvt Ltd                   CC                 CRISIL B+      60      Assigned
Bharat Aluminium Co. Ltd                Bill Discounting   -              2900    Withdrawal
Bharat Aluminium Co. Ltd                CC                 -              1500    Withdrawal
Bharat Aluminium Co. Ltd                LOC & BG           -              20000   Withdrawal
Bharat Aluminium Co. Ltd                NCDs               CRISIL AA-     5000    Withdrawal
Bharat Constructions - Jammu            BG                 CRISIL D       25      Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
Capital Power Systems Ltd               BG                 -              250     Withdrawal
Issuer Not Cooperating
Capital Power Systems Ltd               CC                 -              150     Withdrawal
Issuer Not Cooperating
Capital Power Systems Ltd               LOC                -              150     Withdrawal
Issuer Not Cooperating
Chandralok Residency Pvt Ltd            TL                 CRISIL D       50      -
Commander Ceramic Industries            TL                 CRISIL B       50      Assigned
Commander Ceramic Industries            CC                 CRISIL B       30      Assigned
Danavarshini Exports Pvt Ltd            CC                 CRISIL BB+     10      Reaffirmed
Danavarshini Exports Pvt Ltd            LT Loan            CRISIL BB+     56      Reaffirmed
Danavarshini Exports Pvt Ltd            Proposed LT Bk     CRISIL BB+     2.8     Assigned
                                        Loan Fac
Dewan India                             Export Packing     -              25      Withdrawal
                                        Credit
Dewan India                             Foreign Bill       -              25      Withdrawal
                                        Purchase
Dewan India                             Standby LOC        -              10      Withdrawal
Fusion Industries Ltd                   CC                 -              120     Withdrawal
Issuer Not Cooperating
Fusion Industries Ltd                   LOC & BG           -              30      Withdrawal
Issuer Not Cooperating
Fusion Industries Ltd                   LT Loan            -              100     Withdrawal
Issuer Not Cooperating

Fusion Industries Ltd                   Proposed LT Bk     -              35      Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Fusion Industries Ltd                   TL                 -              15      Withdrawal
Issuer Not Cooperating
Futech Projects India Pvt Ltd           Proposed WC Fac    CRISIL B-      50      -
Futech Projects India Pvt Ltd           Secured Overdraft  CRISIL B-      20      -
                                        Fac
Gian Chand and Sons Pvt Ltd             CC                 CRISIL D       210     -
GSS Infotech Ltd                        Proposed LT Bk     CRISIL B       494     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
GSS Infotech Ltd                        WC TL              CRISIL B       73.5    Reaffirmed
Issuer Not Cooperating
Guru Ram Dass Educational Trust         Overdraft          CRISIL BB+     60      Assigned
Haryana Oils and Soya Ltd               Overdraft          CRISIL BB      40      -
Hindustan Zinc Ltd                      LOC & BG*          CRISIL AAA     1500    Reaffirmed
* Interchangeable with fund-based facilities
Hindustan Zinc Ltd                      Overdraft          CRISIL AAA     5200    Reaffirmed
Hindustan Zinc Ltd                      Proposed CC Limit  CRISIL AAA     200     Reaffirmed
India Circuits Ltd                      CC                 -              60      Withdrawal
Issuer Not Cooperating
India Circuits Ltd                      Foreign LOC        -              55      Withdrawal
Issuer Not Cooperating
JC Retail India Pvt Ltd                 CC                 CRISIL BBB     100     Reaffirmed
Issuer Not Cooperating
JC Retail India Pvt Ltd                 Proposed LT Bk     CRISIL BBB     26.1    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
JC Retail India Pvt Ltd                 TL                 CRISIL BBB     198.9   Reaffirmed
Issuer Not Cooperating
KLSR Infratech Ltd                      CC                 CRISIL BB+     225     -
Issuer Not Cooperating
KLSR Infratech Ltd                      Proposed LT Bk     CRISIL BB+     550     -
                                        Loan Fac
Issuer Not Cooperating
Kotak Infrastructure Debt Fund Ltd      NCD                CRISIL AAA     2000    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Kotak Infrastructure Debt Fund Ltd      NCD                CRISIL AAA     3000    Assigned
LTG Infrastructure Pvt Ltd              Proposed LT Bk     -              1120    Withdrawal
                                        Loan Fac
Issuer Not Cooperating
MALCO Energy Ltd                        LOC & BG**         -              700     Withdrawal
** Interchangeable with letter of undertaking
MALCO Energy Ltd                        Proposed CC Limit  -              500     Withdrawal
MALCO Energy Ltd                        CC & WC demand     CRISIL AA      100     Reaffirmed
                                        loan*
* Interchangeable with letter of credit, bank guarantee, and letter of undertaking
Oricon Enterprises Ltd                  Buyer`s Credit     CRISIL A-      100     Reaffirmed
Oriental Containers Ltd                 CC                 CRISIL A-      600     Reaffirmed
Prime Automobiles Pvt Ltd               CC                 CRISIL BB-     130     Reaffirmed
Prime Automobiles Pvt Ltd               LT Loan            CRISIL BB-     2.5     Reaffirmed
Prime Automobiles Pvt Ltd               Proposed LT Bk     CRISIL BB-     90      Reaffirmed
                                        Loan Fac
Rajhans Cold Storage Pvt Ltd            Proposed LT Bk     CRISIL B+      45.1    Assigned
                                        Loan Fac
Rajhans Cold Storage Pvt Ltd            TL                 CRISIL B+      2.1     Assigned
Rehber Food Industries Pvt Ltd          CC                 -              70      Withdrawal
Rehber Food Industries Pvt Ltd          Foreign Bill       -              70      Withdrawal
                                        Purchase
Rehber Food Industries Pvt Ltd          Packing Credit     -              130     Withdrawal
Rehber Food Industries Pvt Ltd          TL                 -              230     Withdrawal
Rine Engineering Pvt Ltd                CC                 CRISIL BB-     90      Reaffirmed
Saba Exports                            Export Packing     CRISIL BBB-    111.5   Reaffirmed
                                        Credit
Saba Exports                            Standby Line of    CRISIL BBB-    10      Reaffirmed
                                        Credit
Samrat Plastic Industries               TL                 CRISIL BB      28.3    Assigned
Samrat Plastic Industries               CC                 CRISIL BB      40      Assigned
Samrat Plastic Industries               Proposed LT Bk     CRISIL BB      12.8    Assigned
                                        Loan Fac
Sri Jayamalar Spinning Mills Pvt Ltd    CC                 CRISIL D       80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sri Jayamalar Spinning Mills Pvt Ltd    LT Loan            CRISIL D       29.4    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sri Jayamalar Spinning Mills Pvt Ltd    Proposed LT Bk     CRISIL D       0.6     -
                                        Loan Fac
Sterling Abrasives Ltd                  CC^                CRISIL A+      130     Reaffirmed
^Interchangeable with working capital demand loan/export packing credit/packing
 credit in foreign currency/foreign bill discounting/export 
 bill rediscounting up to Rs 6 crore
Sterling Abrasives Ltd                  LT Loan            CRISIL A+      120     Reaffirmed
Super Fine Knitters Ltd                 CC                 -              160     Withdrawal
Issuer Not Cooperating
Super Fine Knitters Ltd                 Foreign Demand     -              10      Withdrawal
                                        Bill Purchase
Issuer Not Cooperating
Super Fine Knitters Ltd                 LOC                -              30      Withdrawal
Issuer Not Cooperating
Super Fine Knitters Ltd                 Proposed LT Bk     -              16.6    Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Super Fine Knitters Ltd                 TL                 -              23.4    Withdrawal
Issuer Not Cooperating
Supreme Colour Roofing and Decking Pvt  CC                 -              80      Withdrawal
Ltd
Issuer Not Cooperating
Supreme Colour Roofing and Decking Pvt  LOC                -              50      Withdrawal
Ltd
Issuer Not Cooperating
Supreme Colour Roofing and Decking Pvt  Proposed LT Bk     -              33.5    Withdrawal
Ltd                                     Loan Fac
Issuer Not Cooperating
Supreme Colour Roofing and Decking Pvt  TL                 -              24      Withdrawal
Ltd
Issuer Not Cooperating
Synkromax Biotech Pvt Ltd               CC                 -              40      Withdrawal
Issuer Not Cooperating
Synkromax Biotech Pvt Ltd               LT Loan            -              87.5    Withdrawal
Issuer Not Cooperating
Synkromax Biotech Pvt Ltd               Proposed LT Bk     -              2.5     Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Talwandi Sabo Power Ltd                 Buyer`s Credit     -              1100    Withdrawal
Talwandi Sabo Power Ltd                 Buyer`s Credit     CRISIL AA(SO)  520     Reaffirmed
Talwandi Sabo Power Ltd                 Letter of Comfort  CRISIL AA(SO)  3900    Reaffirmed
Talwandi Sabo Power Ltd                 LOC                CRISIL AA(SO)  1000    -
Talwandi Sabo Power Ltd                 Rupee TL           CRISIL AA(SO)  38500   Reaffirmed
Talwandi Sabo Power Ltd                 TL                 CRISIL AA(SO)  5000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  5000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  3000    Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  10000   Reaffirmed
Talwandi Sabo Power Ltd                 NCD                CRISIL AA(SO)  2500    Reaffirmed
Talwandi Sabo Power Ltd                 CP Programme       CRISIL AA(SO)  25000   Reaffirmed
Tirupati Iron India Pvt Ltd             CC                 -              65      Withdrawal
Issuer Not Cooperating
Tirupati Iron India Pvt Ltd             Proposed LT Bk     -              55      Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Vedanta Ltd                             EPCG Guarantee     -              5938.1  Withdrawal
                                        (ST)#
# Initial sanction of USD 450 million, 1 USD=INR 67.38
Vedanta Ltd                             TL                 -              5625    Assigned /
                                                                                  Withdrawl
Vedanta Ltd                             FB Fac**           CRISIL AA      57300   Reaffirmed
**Fund-based limit completely interchangeable with non-fund-based limit
Vedanta Ltd                             Non-FBL##          CRISIL AA      5000    Reaffirmed
## Capex letter of credit limit, interchangeable with operational non-fund based limits
Vedanta Ltd                             Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac
Vedanta Ltd                             TL                 CRISIL AA      68497.1 Assigned
Vedanta Ltd                             NCDs               CRISIL AA      5250    Withdrawal
Vedanta Ltd                             NCDs               CRISIL AA      15000   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      500     Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      5000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      3000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      3000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      12500   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      36000   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      21000   Reaffirmed
Vedanta Ltd                             PS                 CRISIL AA      30100   Reaffirmed
Vizag General Cargo Berth Pvt Ltd       BG*                CRISIL AA(SO)  200     Reaffirmed
* Guaranteed by Vedanta Ltd
Vizag General Cargo Berth Pvt Ltd       NCD*               CRISIL AA(SO)  4250    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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