March 23, 2018 / 7:02 AM / a month ago

CRISIL ratings for Indian debt instruments-Mar 23

   Mar 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 22, 2018.


COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS: 
-------------------
Aamoda Publications Pvt Ltd             Inland/Import LOC  CRISIL A4      90      Reaffirmed
Bravo Sponge Iron Pvt Ltd               Proposed ST Bk     CRISIL A3      100     Assigned
                                        Loan Fac
Bravo Sponge Iron Pvt Ltd               LOC                CRISIL A3      100     Assigned
Careon Healthcare Solutions Pvt Ltd     LOC                CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Careon Healthcare Solutions Pvt Ltd     Proposed LOC       CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
D. K. Chauhan                           BG                 CRISIL A4      40      Downgraded
                                                                                  fromCRISIL
                                                                                  A4+
Davanam Jewellerrs Pvt Ltd              BG                 CRISIL A4+     40      Reaffirmed
Dhruv Consultancy Services Pvt Ltd      BG                 CRISIL A4+     120     Reaffirmed
Dhruv Consultancy Services Pvt Ltd      Proposed NFBL      CRISIL A4+     100     Assigned
Elkay Chemicals Pvt Ltd                 BG                 CRISIL A4+     0.5     Reaffirmed
Issuer Not Cooperating
Elkay Chemicals Pvt Ltd                 LOC                CRISIL A4+     45      Reaffirmed
Issuer Not Cooperating
GTFC Ltd                                LOC                CRISIL A4+     40.1    Reaffirmed
Hemant Surgical Industries Ltd          LOC                CRISIL A4+     100     Assigned
Jamia Islamia Ishaatul Uloom            BG                 CRISIL A4+     70      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Malladi Drugs and Pharmaceuticals Ltd   Inland/Import LOC  CRISIL A2+     310     Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Post Shipment      CRISIL A2+     102.5   Reaffirmed
                                        Credit
Raj Petro Specialities Pvt Ltd          BG                 CRISIL A2      400     Reaffirmed
Raj Petro Specialities Pvt Ltd          LOC                CRISIL A2      4815    Reaffirmed
Reflection Investments                  BG                 CRISIL A4+     140     Assigned
Reflection Investments                  Proposed BG        CRISIL A4+     20      Assigned
Swelect Energy Systems Ltd              Overdraft          CRISIL A2      250     Migrated from
                                                                                  CRISIL A1
Issuer Not Cooperating
Vijai Construction India Pvt Ltd        BG                 CRISIL A3+     440     Assigned

MEDIUM TERM RATINGS:
-------------------
Paranjape Schemes (Construction) Ltd    FD                 FB+            550     Migrated from
                                                                                  FA-
LONG TERM RATINGS:
-------------------
Aamoda Publications Pvt Ltd             CC                 CRISIL B+      210     Reaffirmed
Aamoda Publications Pvt Ltd             Proposed LT Bk     CRISIL B+      120     Reaffirmed
                                        Loan Fac
Ashoka GVR Mudhol Nipani Roads Ltd      CC*                CRISIL A-(SO)  150     -
Ashoka GVR Mudhol Nipani Roads Ltd      TL                 CRISIL A-(SO)  2650    -
Bravo Sponge Iron Pvt Ltd               Proposed LT Bk     CRISIL BBB-    253.1   Assigned
                                        Loan Fac
Bravo Sponge Iron Pvt Ltd               LT Loan            CRISIL BBB-    1126.9  Assigned
Bravo Sponge Iron Pvt Ltd               CC                 CRISIL BBB-    170     Assigned
Careon Healthcare Solutions Pvt Ltd     CC                 CRISIL B+      32      Reaffirmed
Issuer Not Cooperating
Careon Healthcare Solutions Pvt Ltd     Proposed CC Limit  CRISIL B+      38      Reaffirmed
Issuer Not Cooperating
Careon Healthcare Solutions Pvt Ltd     Proposed LT Bk     CRISIL B+      8       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Careon Healthcare Solutions Pvt Ltd     Proposed TL        CRISIL B+      5       Reaffirmed
Issuer Not Cooperating
Careon Healthcare Solutions Pvt Ltd     TL                 CRISIL B+      57      Reaffirmed
Issuer Not Cooperating
Chandigarh Healthcare Pvt Ltd           Overdraft          CRISIL BB-     20      Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
Chandigarh Healthcare Pvt Ltd           TL                 CRISIL BB-     252.6   Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
D. K. Chauhan                           CC                 CRISIL B+      50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
D. K. Chauhan                           Proposed LT Bk     CRISIL B+      40      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
D. K. Chauhan                           Standby Line of    CRISIL B+      5       Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
Darjeeling Power Pvt Ltd                TL                 CRISIL BBB-    220     Reaffirmed
Davanam Jewellerrs Pvt Ltd              CC                 CRISIL BB      730     Reaffirmed
Deepak Fasteners Ltd                    CC@                CRISIL D       1230    Reaffirmed
@ includes a sub limit of Rs 65 Crore Packaging Credit and Rs 30 Crore of Bill Discounting
Deepak Fasteners Ltd                    CC^                CRISIL D       390     Reaffirmed
^ includes a sub limit of Rs 39 Crore Packaging Credit and Rs. 39 Crore of Bill Discounting
Deepak Fasteners Ltd                    CC&                CRISIL D       300     Reaffirmed
& includes a sub limit of Rs 30 Crore Packaging Credit
Deepak Fasteners Ltd                    CC$                CRISIL D       390     Reaffirmed
$ includes a sub limit of Rs 20 Crore Packaging Credit
Deepak Fasteners Ltd                    CC#                CRISIL D       390     Reaffirmed
# includes a sub limit of Rs 18 Crore Packaging Credit

Deepak Fasteners Ltd                    External           CRISIL D       1008.7  Reaffirmed
                                        Commercial
                                        Borrowings
Deepak Fasteners Ltd                    Foreign Bill       CRISIL D       100     Reaffirmed
                                        Discounting**
** Represents Foreign Outward Bill Negotiated under Letter of Credit (FOBNLC)/Foreign Outward
Deepak Fasteners Ltd                    LOC%               CRISIL D       500     Reaffirmed
% includes a sub limit of Rs 50 Crore Buyer Credit and Rs. 15 Crore of Bank Guarantee.
 Interchangeable from Non fund based to Fund based limits to the extent of Rs. 20 Crore
Deepak Fasteners Ltd                    LOC^^              CRISIL D       200     Reaffirmed
^^ includes a sub limit of Rs 20 Crore of Buyer credit and Rs. 2 Crore of Bank Guarantee
Deepak Fasteners Ltd                    LOC$$              CRISIL D       150     Reaffirmed
$$ includes a sub limit of Rs 15 Crore Buyer Credit and Rs 4.5 Crore of Bank Guarantee
Deepak Fasteners Ltd                    LOC&&              CRISIL D       150     Reaffirmed
&& includes a sublimit of Rs. 15 Crore Buyer Credit and Rs. 10 Crore of Bank Guarantee
Deepak Fasteners Ltd                    LOC##              CRISIL D       250     Reaffirmed
##includes a sublimit of Rs. 25 Crore of Buyer Credit. Interchangeable from
 Non fund based to Fund based limits to the extent of Rs. 5 Crore
Deepak Fasteners Ltd                    TL                 CRISIL D       421.3   Reaffirmed
Dhruv Consultancy Services Pvt Ltd      CC                 CRISIL BB      60      Reaffirmed
Dhruv Consultancy Services Pvt Ltd      LT Bk Fac          CRISIL BB      10      Assigned
Dhruv Consultancy Services Pvt Ltd      Drop Line          CRISIL BB      10      Assigned
                                        Overdraft Fac
Elkay Chemicals Pvt Ltd                 CC                 -              62.5    Withdrawal
Issuer Not Cooperating
Elkay Chemicals Pvt Ltd                 Proposed LT Bk     -              35      Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Elkay Chemicals Pvt Ltd                 Standby Line of    -              7       Withdrawal
                                        Credit
Issuer Not Cooperating
G. D. Motors                            Inventory Funding  CRISIL BB-     81      Migrated from
                                        Fac                                       CRISIL B+
                                                                                  Issuer Not
                                                                                  Cooperating
GTFC Ltd                                CC                 CRISIL BB-     14      Reaffirmed
Hemant Surgical Industries Ltd          CC                 CRISIL BB      47.5    Assigned
Hindustan Textiles                      CC                 CRISIL BB+     140     Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Hindustan Textiles                      LT Loan            CRISIL BB+     60      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
J. S. Grover Autos Pvt Ltd              CC                 CRISIL B+      80      Assigned
Jamia Islamia Ishaatul Uloom            TL                 CRISIL BB+     200     Assigned;
                                                                                  Suspension
                                                                                  Revoked
JCR Cinema Pvt Ltd                      TL                 CRISIL B       200     Reaffirmed
Jewel Cast                              Gold Loan          -              50      Withdrawal
Issuer Not Cooperating
Malladi Drugs and Pharmaceuticals Ltd   CC                 CRISIL A-      110     Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Cash TL            CRISIL A-      300.4   Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Export Packing     CRISIL A-      775     Reaffirmed
                                        Credit
Malladi Drugs and Pharmaceuticals Ltd   Proposed LT Bk     CRISIL A-      2.1     Reaffirmed
                                        Loan Fac
Mangaldas Venichand                     CC                 CRISIL BB+     100     Reaffirmed
Mohanlal Jewellers Pvt Ltd              CC                 -              600     Reaffirmed
                                                                                  and Withdrawal
Mother Industries                       CC                 CRISIL D       40      Downgraded
                                                                                  fromCRISIL B
Issuer Not Cooperating
Mother Industries                       TL                 CRISIL D       50      Downgraded
                                                                                  fromCRISIL B
Issuer Not Cooperating
Pallazzio Hotels and Leisure Ltd        TL                 CRISIL A-      5625    Assigned
Pallazzio Hotels and Leisure Ltd        Overdraft          CRISIL A-      250     Assigned
Pallazzio Hotels and Leisure Ltd        Proposed LT Bk     CRISIL A-      125     Assigned
                                        Loan Fac
Paranjape Schemes (Construction) Ltd    CC                 CRISIL BB+     80      Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Paranjape Schemes (Construction) Ltd    Proposed LT Bk     CRISIL BB+     70      Migrated from
                                        Loan Fac                                  CRISIL BBB+
Issuer Not Cooperating
Paranjape Schemes (Construction) Ltd    TL                 CRISIL BB+     300     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Paranjape Schemes (Construction) Ltd    NCD                CRISIL BB+     1750    Migrated from
                                                                                  CRISIL BBB+
Proodle Hospitality Services Pvt Ltd    CC                 CRISIL B+      50      Reaffirmed
Raj Petro Specialities Pvt Ltd          CC                 CRISIL BBB+    1080    Reaffirmed
Raj Petro Specialities Pvt Ltd          Proposed LT Bk     CRISIL BBB+    905     Reaffirmed
                                        Loan Fac
Sandeep Gilhotra Ranjana Gilhotra       TL                 CRISIL BB+     120     Assigned
Godowns
Santha Cashew                           CC                 CRISIL B+      55      Assigned
Santha Cashew                           Export Packing     CRISIL B+      20      Assigned
                                        Credit
Shah Marketing Corporation              CC                 CRISIL BB+     100     Reaffirmed
Shree Datta Shetkari Sahakari Sakhar    Rupee TL           CRISIL BB+     428     Reaffirmed
Karkhana Ltd
Shree Datta Shetkari Sahakari Sakhar    Sugar Pledge CC    CRISIL BB+     1072    Reaffirmed
Karkhana Ltd
Super Fine Rice Industries              CC                 CRISIL D       150     Downgraded
                                                                                  From CRISIL
                                                                                  B
Swarna Tollway Pvt Ltd                  NCD                Provisional    1060    Reaffirmed
                                                           CRISIL AAA(SO)
Swelect Energy Systems Ltd              TL                 CRISIL BBB+    400     Migrated from
                                                                                  CRISIL A-
Issuer Not Cooperating
TVC Electronics                         CC                 CRISIL B+      60      Migrated from
                                                                                  CRISIL B
TVC Electronics                         Standby Line of    CRISIL B+      10      Migrated from
                                        Credit                                    CRISIL B
Umaxe Projects Pvt Ltd                  BG                 CRISIL D       100     Downgraded
                                                                                  fromCRISIL
                                                                                  B
Umaxe Projects Pvt Ltd                  CC                 CRISIL D       55      Downgraded
                                                                                  fromCRISIL
                                                                                  B
Vijai Construction India Pvt Ltd        CC                 CRISIL BBB     80      Assigned
Vishal Arogya Sampat Pvt Ltd            Secured Overdraft  CRISIL BB-     90      Assigned
                                        Fac
--------------------------------------------------------------------------------------------
$: 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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