May 23, 2019 / 6:00 AM / a month ago

CRISIL ratings for Indian debt instruments-May 23

    May 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 22, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. T. Exports                           Packing Credit     CRISIL A4+     50      Reaffirmed
Issuer Not Cooperating
Aastha Spintex Pvt Ltd                  Inland Guarantees  CRISIL A4+     35      Reaffirmed
Issuer Not Cooperating
All About Outdoor Pvt Ltd               BG                 CRISIL A3      140     Reaffirmed
Amber Electrotech Ltd                   Letter Of GuaranteeCRISIL A4      200     Migrated from
                                                                                  CRISIL A4
Rating Withdrawn
Antony Motors Pvt Ltd                   BG                 CRISIL A4+     125     Reaffirmed
Antony Motors Pvt Ltd                   Import LOC Limit   CRISIL A4+     25      Reaffirmed
Apra Enterprises                        LOC                CRISIL A4      320     Reaffirmed
Issuer Not Cooperating
Asansol Alloys Pvt Ltd                  LOC                CRISIL A4+     30      Assigned
Ashtech India Pvt Ltd                   LOC & BG           CRISIL A3      90      Reaffirmed
Ashtech India Pvt Ltd                   Packing Credit     CRISIL A3      60      Reaffirmed
Goel Road Carriers Pvt Ltd              BG                 CRISIL A4      5       Reaffirmed
Issuer Not Cooperating
Hem Impex                               LOC                CRISIL A4      35      Reaffirmed
Issuer Not Cooperating
Hem Impex                               Proposed ST Bk     CRISIL A4      45      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jeevan Construction Company             BG                 CRISIL A4+     100     Reaffirmed
Jyoti Strips Pvt Ltd                    BG                 CRISIL A2      50      Reaffirmed
Continues on Rating Watch with Developing Implications 
Jyoti Strips Pvt Ltd                    LOC                CRISIL A2      1860    Reaffirmed
Continues on Rating Watch with Developing Implications 
Jyoti Strips Pvt Ltd                    Proposed LOC       CRISIL A2      480     Reaffirmed
Continues on Rating Watch with Developing Implications 
Karnal Motors Pvt Ltd                   Overdraft          CRISIL A3+     70      Reaffirmed
Kirloskar Pneumatic Co. Ltd             LOC & BG           CRISIL A1+     4960    Reaffirmed
L. D. International                     LOC                CRISIL A4+     130     Upgraded from
                                                                                  CRISIL A4
L. D. International                     Proposed ST Bk     CRISIL A4+     10      Upgraded from
                                        Loan Fac                                  CRISIL A4
Muthoot Fincorp Ltd                     Series A1 PTCs     CRISIL A1+(SO) 150     -
Converted from Provisional Rating to Final Rating
Naresh Exports                          Post Shipment      CRISIL A3      120     Reaffirmed
                                        Credit
Naresh Exports                          Proposed ST Bk     CRISIL A3      60      Reaffirmed
                                        Loan Fac
Pooja Trading Corporation               Overdraft          CRISIL A4+     50      Reaffirmed
Pumarth Commodities Pvt Ltd             BG                 CRISIL A4      100     Reaffirmed
Issuer Not Cooperating
Pumarth Credit and Capital Ltd          BG                 CRISIL A4      60      Reaffirmed
Issuer Not Cooperating
Radha V Company                         BG                 CRISIL A4      34.4    Reaffirmed
Issuer Not Cooperating
SAMKRG Pistons and Rings Ltd            BG                 CRISIL A2+     0.5     Reaffirmed
SAMKRG Pistons and Rings Ltd            LOC                CRISIL A2+     60      Reaffirmed
Security Products Pvt Ltd               BG                 CRISIL A3+     100     Upgraded from
                                                                                  CRISIL A3
Sri Bapuji Constructions Pvt Ltd        BG                 CRISIL A3      285     Reaffirmed
Sri Ramraghav Mills                     BG                 CRISIL A4+     5       Assigned
Supernova Engineers Ltd                 BG                 CRISIL A3      120     Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Supernova Engineers Ltd                 LOC                CRISIL A3      180     Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Thiagarajar Mills Pvt Ltd               Bill Discounting   CRISIL A1      100     Reaffirmed
Reaffirmed
Thiagarajar Mills Pvt Ltd               LOC                CRISIL A1      318     Reaffirmed
Reaffirmed
Thiagarajar Mills Pvt Ltd               Packing Credit     CRISIL A1      720     Reaffirmed
Reaffirmed
Vijaya Maruthi Rice Industry            BG                 CRISIL A4      0.8     Reaffirmed
Issuer Not Cooperating
Wadpack Pvt Ltd                         LOC                CRISIL A4+     50      Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Yash Enterprises                        BG                 CRISIL A4      140     Reaffirmed

LONG TERM RATINGS:
-------------------
A. T. Exports                           Foreign Bill       CRISIL BB-     30      Reaffirmed
                                        Discounting
Issuer Not Cooperating
A. T. Exports                           Proposed LT Bk     CRISIL BB-     45      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Aastha Spintex Pvt Ltd                  CC                 CRISIL BB-     130     Reaffirmed
Issuer Not Cooperating
Aastha Spintex Pvt Ltd                  Proposed LT Bk     CRISIL BB-     185     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating

Aastha Spintex Pvt Ltd                  TL                 CRISIL BB-     450     Reaffirmed
Issuer Not Cooperating
All About Outdoor Pvt Ltd               CC                 CRISIL BBB-    10      Reaffirmed
Outlook revised from Stable
Alphacraft Pvt Ltd                      CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Amber Electrotech Ltd                   CC                 CRISIL B       100     Migrated from
                                                                                  CRISIL B
Rating Withdrawn
Amber Electrotech Ltd                   Proposed LT Bk     CRISIL B       20      Migrated from
                                        Loan Fac                                  CRISIL B
Rating Withdrawn
Antony Motors Pvt Ltd                   CC                 CRISIL BB+     100     Reaffirmed
Outlook revised from Stable
Antony Motors Pvt Ltd                   Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
Outlook revised from Stable
Apra Enterprises                        CC                 CRISIL B+      130     Reaffirmed
Issuer Not Cooperating
Asansol Alloys Pvt Ltd                  Proposed FB Bk     CRISIL BB      1.5     Assigned
                                        Limits
Asansol Alloys Pvt Ltd                  CC                 CRISIL BB      48.5    Assigned
Ashtech India Pvt Ltd                   LT Loan            CRISIL BBB-    440     Reaffirmed
Ashtech India Pvt Ltd                   Overdraft          CRISIL BBB-    240     Reaffirmed
Ashtech India Pvt Ltd                   Rupee TL           CRISIL BBB-    120     Reaffirmed
Bagwan Cotex                            Rating             --             --      --
CRISIL is yet to receive adequate information
Bahubali Cashews                        CC                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
DP Chocolates                           Rating             --             --      --
CRISIL is yet to receive adequate information
DSP Investment Managers Pvt Ltd         DSP Low Duration   CRISIL Aamfs   -       Downgraded
                                        Fund                                      from CRISIL
                                                                                  AAAmfs
Rating Watch with Negative Implications
Galco Extrusions Pvt Ltd                CC                 CRISIL B+      90      Reaffirmed
Issuer Not Cooperating
Galco Extrusions Pvt Ltd                Proposed LT Bk     CRISIL B+      54.5    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Galco Extrusions Pvt Ltd                TL                 CRISIL B+      12      Reaffirmed
Issuer Not Cooperating
Ganga Sriram Hitech Agro Pvt Ltd        CC                 CRISIL B+      30      Upgraded from
                                                                                  CRISIL B
Ganga Sriram Hitech Agro Pvt Ltd        LT Loan            CRISIL B+      30      Upgraded from
                                                                                  CRISIL B
Ganga Sriram Hitech Agro Pvt Ltd        Proposed CC Limit  CRISIL B+      20      Upgraded from
                                                                                  CRISIL B
Goel Road Carriers Pvt Ltd              CC                 CRISIL B+      75      Reaffirmed
Issuer Not Cooperating
Goel Road Carriers Pvt Ltd              TL                 CRISIL B+      64.4    Reaffirmed
Issuer Not Cooperating
Green Infra Renewable Energy Ltd        Proposed WC Fac    CRISIL A+      520     Reaffirmed
Outlook revised from Stable
Green Infra Renewable Energy Ltd        TL                 CRISIL A+      14480   Reaffirmed
Outlook revised from Stable
Green Infra Renewable Energy Ltd        LOC@                              2000    Withdrawn
(Reduced from Rs.1700 Crore),
@Interchangeable with short term debt and capex letter of credit
Gyan Fruit Company                      CC                 CRISIL BB-     103     Assigned
Hartex Rubber Pvt Ltd                   CC                 CRISIL BBB+    185     -
Reaffirmed and Withdrawn
Hartex Tubes Pvt Ltd                    CC                 CRISIL BBB+    70      -
Reaffirmed and Withdrawn
Hem Impex                               CC                 CRISIL B-      17      Reaffirmed
Issuer Not Cooperating
Hem Impex                               Proposed LT Bk     CRISIL B-      3       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jeevan Construction Company             CC                 CRISIL BB      10      Reaffirmed
Jyoti Strips Pvt Ltd                    CC                 CRISIL BBB+    480     Reaffirmed
Continues on Rating Watch with Developing Implications
Jyoti Strips Pvt Ltd                    Proposed LT Bk     CRISIL BBB+    50      Reaffirmed
                                        Loan Fac
Continues on Rating Watch with Developing Implications
K.C. Rice Mills                         CC                 CRISIL B+      120     -
Issuer Not Cooperating , Rating Migrated
Karnal Motors Pvt Ltd                   CC                 CRISIL BBB     300     Reaffirmed
Kirloskar Pneumatic Co. Ltd             CC                 CRISIL AA-     400     Reaffirmed
Lexicon Ceramic Pvt Ltd                 Rating             --             --      --
CRISIL is yet to receive adequate information
Maharaja Agrasen Technical Education    CC/ Overdraft Fac  CRISIL BBB+    117     Reaffirmed
Society
Maharaja Agrasen Technical Education    LT Loan            CRISIL BBB+    350     Reaffirmed
Society
Maharaja Agrasen Technical Education    Proposed LT Bk     CRISIL BBB+    43      Assigned
Society                                 Loan Fac
Manjushree Innovations Pvt Ltd          CC                 CRISIL BB-     140     Upgraded from
                                                                                  CRISIL B+
Manjushree Innovations Pvt Ltd          Proposed FB Bk     CRISIL BB-     4.9     Upgraded from
                                        Limits                                    CRISIL B+
Manjushree Innovations Pvt Ltd          TL                 CRISIL BB-     355.1   Upgraded from
                                                                                  CRISIL B+
Muthoot Hotels Pvt Ltd                  Proposed LT Bk     CRISIL BB      355     Reaffirmed
                                        Loan Fac
Nishanth Poultry Breeding Farm          TL                 CRISIL B+      85.5    Assigned
OM Namah Shivay Trading Company         CC                 CRISIL BB-     91      Reaffirmed
OM Namah Shivay Trading Company         Proposed CC Limit  CRISIL BB-     73.6    Reaffirmed
OM Namah Shivay Trading Company         Proposed LT Bk     CRISIL BB-     28.5    Reaffirmed
                                        Loan Fac
OM Namah Shivay Trading Company         TL                 CRISIL BB-     6.9     Reaffirmed
Penguin Plywood Pvt Ltd                 CC                 CRISIL D       12.5    Migrated from
                                                                                  CRISIL D
Rating Withdrawn ,Issuer Not Cooperating
Penguin Plywood Pvt Ltd                 LT Loan            CRISIL D       26.9    Migrated from
                                                                                  CRISIL D
Rating Withdrawn ,Issuer Not Cooperating
Penguin Plywood Pvt Ltd                 Proposed LT Bk     CRISIL D       60.6    Migrated from
                                        Loan Fac                                  CRISIL D
Rating Withdrawn ,Issuer Not Cooperating
Pooja Trading Corporation               CC                 CRISIL BB      300     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Priya Petro Products                    CC                 CRISIL BB-     50      Assigned
Pruthvi Developers                      LT Loan            CRISIL B+      90      Assigned
Quick Act Light Systems and Cables Pvt  CC                 CRISIL B+      48.5    Reaffirmed
Ltd
Issuer Not Cooperating
Quick Act Light Systems and Cables Pvt  Channel Financing  CRISIL B+      40      Reaffirmed
Ltd
Issuer Not Cooperating
Quick Act Light Systems and Cables Pvt  Proposed LT Bk     CRISIL B+      61.5    Reaffirmed
Ltd                                     Loan Fac
Issuer Not Cooperating
Radha V Company                         CC                 CRISIL B       20      Reaffirmed
Issuer Not Cooperating
Radha V Company                         Key Loan           CRISIL B       5       Reaffirmed
Issuer Not Cooperating
Radha V Company                         Proposed LT Bk     CRISIL B       0.6     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
RHJ Tubes Pvt Ltd                       Buyer`s Credit     CRISIL B+      45      Reaffirmed
Issuer Not Cooperating
RHJ Tubes Pvt Ltd                       CC                 CRISIL B+      105     Reaffirmed
Issuer Not Cooperating
Rudra SolarFarms Ltd                    Proposed CC Limit  CRISIL BBB+    50      Withdrawn
Rudra SolarFarms Ltd                    Proposed LT Bk     CRISIL BBB+    900     Withdrawn
                                        Loan Fac
SAMKRG Pistons and Rings Ltd            CC                 CRISIL A-      160     Reaffirmed
Security Products Pvt Ltd               CC                 CRISIL BBB     10      Upgraded from
                                                                                  CRISIL BBB-
Shree Gopal Proteins India Pvt Ltd      CC                 CRISIL BB-     110     Reaffirmed
Shree Gopal Proteins India Pvt Ltd      Warehouse Receipts CRISIL BB-     20      Reaffirmed
Singhal Pipes Pvt Ltd                   CC                 CRISIL BB-     160     Reaffirmed
Sri Bapuji Constructions Pvt Ltd        CC                 CRISIL BBB-    250     Reaffirmed
Sri Bapuji Constructions Pvt Ltd        TL                 CRISIL BBB-    15      Reaffirmed
Sri Ramraghav Mills                     CC                 CRISIL BB-     65      Assigned
Sultanpure Textile Mills Pvt Ltd        TL                 CRISIL BB-     45.5    Assigned
Sultanpure Textile Mills Pvt Ltd        CC                 CRISIL BB-     75      Assigned
Sultanpure Textile Mills Pvt Ltd        Proposed LT Bk     CRISIL BB-     20      Assigned
                                        Loan Fac
Supernova Engineers Ltd                 CC                 CRISIL BBB-    230     Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
The Saswad Mali Sugar Factory Ltd       CC                 CRISIL B       54.7    Upgraded from
                                                                                  CRISIL B-
The Saswad Mali Sugar Factory Ltd       LT Loan            CRISIL B       885.3   Upgraded from
                                                                                  CRISIL B-
The Saswad Mali Sugar Factory Ltd       Proposed CC Limit  CRISIL B       220     Upgraded from
                                                                                  CRISIL B-
The Saswad Mali Sugar Factory Ltd       Sugar Pledge CC    CRISIL B       710     Upgraded from
                                                                                  CRISIL B-
Thiagarajar Mills Pvt Ltd               CC                 CRISIL A-      342     Reaffirmed
Reaffirmed
Thiagarajar Mills Pvt Ltd               TL                 CRISIL A-      320     Reaffirmed
Reaffirmed
Trade Linkers Pvt Ltd                   CC                 CRISIL BB-     160     Reaffirmed
Vijaya Maruthi Rice Industry            CC                 CRISIL B+      55      Reaffirmed
Issuer Not Cooperating
Vijaya Maruthi Rice Industry            Proposed LT Bk     CRISIL B+      44.2    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Vishnu Prakash R Punglia Ltd            Rating             --             --      --
CRISIL is yet to receive adequate information
Wadpack Pvt Ltd                         CC                 CRISIL BB      113.5   Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
Wadpack Pvt Ltd                         TL                 CRISIL BB      51      Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
Yash Enterprises                        CC                 CRISIL B+      60      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)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below