May 8, 2019 / 5:52 AM / in 11 days

CRISIL ratings for Indian debt instruments-May 8

    May 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 7, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Apnatech Consultancy Services Pvt Ltd   BG                 CRISIL A4+     130     Reaffirmed
Coco Latex Exports Pvt Ltd              BG                 CRISIL A4+     10      Reaffirmed
Coco Latex Exports Pvt Ltd              Packing Credit     CRISIL A4+     25      Reaffirmed
Imperial Malts Ltd                      BG                 CRISIL A4+     20      Reassigned
JayantiSuper Construction Pvt Ltd       BG                 CRISIL A4+     300
(Issuer Not Cooperating)
KRR Drugs And Chemicals Pvt Ltd         Inland/Import LOC  CRISIL A4+     20      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Merino Industries Ltd                   Export Packing     CRISIL A1+     130
                                        Credit
Merino Industries Ltd                   LOC                CRISIL A1+     820
Merino Panel Products Ltd               LOC                CRISIL A1+     490     Reaffirmed
Oswal Agrimpex                          Foreign Exchange   CRISIL A4+     15      Reaffirmed
                                        Forward
Oswal Agrimpex                          Packing Credit in  CRISIL A4+     335     Reaffirmed
                                        Foreign Currency
Prince Construction.                    BG                 CRISIL D       30      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
P.S.K.Engineering Construction and Co.  BG                 CRISIL D       350     Downgraded
                                                                                  from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
R. G. Industries                        BG                 CRISIL A4      60
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd      LOC                CRISIL A4+     20
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                  BG                 CRISIL A4+     2.5
(Issuer Not Cooperating)
Rivergrow Vyapar Pvt Ltd                LOC                CRISIL A4      80
(Issuer Not Cooperating)
S.N.K.M. and Sons Timbers Pvt Ltd       LOC                CRISIL A4      50
(Issuer Not Cooperating)
Salasar Plywood Pvt Ltd                 LOC                CRISIL A4+     80
(Issuer Not Cooperating)
Sarda Metals and Alloys Ltd             LOC                CRISIL A3+     2060    Assigned
Sarda Metals and Alloys Ltd             BG                 CRISIL A3+     128     Assigned
Shah Foils Ltd                          BG                 CRISIL A3+     25      Reaffirmed
Shanti Devi Charitable Trust (Regd.)    BG                 CRISIL A4      135     Upgraded from
                                                                                  CRISIL D
Sharma Orthopedic (India) Pvt Ltd       Packing Credit in  CRISIL A4+     22.5
                                        Foreign Currency
(Issuer Not Cooperating)
Shivji Singla and Sons                  BG                 CRISIL A4+     5.6
(Issuer Not Cooperating)
Shivji Singla and Sons                  Overdraft          CRISIL A4+     35
(Issuer Not Cooperating)
Shree NM Electricals Ltd                Inland/Import LOC  CRISIL A3+     50      Reaffirmed
Shree Shanti Polysacks Pvt Ltd          BG                 CRISIL A4+     5
(Issuer Not Cooperating)
Shree Shanti Polysacks Pvt Ltd          LOC                CRISIL A4+     20
(Issuer Not Cooperating)
Shri Sai Construction Company -         BG                 CRISIL A4+     100     Reaffirmed
Chandrapur
Shrim Bhanu Construction Pvt Ltd        BG                 CRISIL A3+     450     Reaffirmed
Sripathy Assoceates                     BG                 CRISIL A4+     500     Reaffirmed
Uniglobe Mod Travels Pvt Ltd            BG                 CRISIL A4+     35
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Apnatech Consultancy Services Pvt Ltd   CC                 CRISIL BB      22      Reaffirmed
Apnatech Consultancy Services Pvt Ltd   Proposed LT Bk     CRISIL BB      38      Reaffirmed
                                        Loan Fac
Bengal Aerotropolis Projects Ltd        LT Loan            CRISIL BBB-    1295.7  Assigned
Bengal Aerotropolis Projects Ltd        Proposed LT Bk     CRISIL BBB-    4.3     Assigned
                                        Loan Fac
Bengal Aerotropolis Projects Ltd        NCD                CRISIL BBB-    1300    Assigned
Coco Latex Exports Pvt Ltd              Bill Discounting   CRISIL BB      45      Reaffirmed
Coco Latex Exports Pvt Ltd              Foreign LOC        CRISIL BB      25      Reaffirmed
Gupta Wood Products                     Secured Overdraft  CRISIL B+      15      Assigned
                                        Fac
Gupta Wood Products                     Foreign LOC        CRISIL B+      45      Assigned
Gupta Wood Products                     Proposed LT Bk     CRISIL B+      10      Assigned
                                        Loan Fac
Imperial Malts Ltd                      CC                 CRISIL BB      130     Reaffirmed
Imperial Malts Ltd                      Proposed LT Bk     CRISIL BB      122.5   Reaffirmed
                                        Loan Fac
Imperial Malts Ltd                      TL                 CRISIL BB      37.5    Reaffirmed
JayantiSuper Construction Pvt Ltd       CC                 CRISIL BB+     20
(Issuer Not Cooperating)
KRR Drugs And Chemicals Pvt Ltd         CC                 CRISIL BB-     35      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
KRR Drugs And Chemicals Pvt Ltd         LT Loan            CRISIL BB-     19      Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Merino Industries Ltd                   CC                 CRISIL AA-     780
Merino Industries Ltd                   TL                 CRISIL AA-     500
Merino Industries Ltd                   WC Demand Loan     CRISIL AA-     370
Merino Panel Products Ltd               CC                 CRISIL AA-     210     Reaffirmed
Merino Panel Products Ltd               TL                 CRISIL AA-     50      Reaffirmed
Om Satya Overseas                       CC                 CRISIL B+      50      Assigned
P.S.K.Engineering Construction and Co.  Overdraft          CRISIL D       300     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
P.S.K.Engineering Construction and Co.  TL                 CRISIL D       10.4    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Pandit Javdekar Associates              TL                 CRISIL BB+     100     Assigned
Prince Construction.                    CC                 CRISIL D       7.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Prince Construction.                    Proposed LT Bk     CRISIL D       37.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Prince Construction.                    TL                 CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
R. G. Industries                        CC                 CRISIL B       170
(Issuer Not Cooperating)
R. G. Industries                        Proposed LT Bk     CRISIL B       220
                                        Loan Fac
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd      CC                 CRISIL BB-     65
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd      Proposed LT Bk     CRISIL BB-     5
                                        Loan Fac
(Issuer Not Cooperating)
Radhika Cotex                           CC                 CRISIL B       45
(Issuer Not Cooperating)
Radhika Cotex                           Proposed LT Bk     CRISIL B       23.8
                                        Loan Fac
(Issuer Not Cooperating)
Radhika Cotex                           TL                 CRISIL B       11.2
(Issuer Not Cooperating)
Ragam Metal Products Pvt Ltd            CC                 CRISIL BB      50
(Issuer Not Cooperating)
Ragam Metal Products Pvt Ltd            Proposed WC Fac    CRISIL BB      87.5
(Issuer Not Cooperating)
Ragam Metal Products Pvt Ltd            TL                 CRISIL BB      12.5
(Issuer Not Cooperating)
Rajesh Steel and Wire Industries        CC                 CRISIL BB      100
(Issuer Not Cooperating)
Rangoli Particle Boards Pvt Ltd         CC                 CRISIL B+      50
(Issuer Not Cooperating)
Rangoli Particle Boards Pvt Ltd         Proposed LT Bk     CRISIL B+      25
                                        Loan Fac
(Issuer Not Cooperating)
Rangoli Particle Boards Pvt Ltd         TL                 CRISIL B+      50
(Issuer Not Cooperating)
Rapid Transpay Pvt Ltd                  CC                 CRISIL BB+     10
(Issuer Not Cooperating)
Rapid Transpay Pvt Ltd                  TL                 CRISIL BB+     70
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                  CC                 CRISIL BB+     60
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                  Overdraft          CRISIL BB+     30
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                  Proposed TL        CRISIL BB+     30
(Issuer Not Cooperating)
Rivergrow Vyapar Pvt Ltd                CC                 CRISIL B       14
(Issuer Not Cooperating)
Rivergrow Vyapar Pvt Ltd                Proposed LT Bk     CRISIL B       6
                                        Loan Fac
(Issuer Not Cooperating)
S.M.Edibles Pvt Ltd                     CC                 CRISIL B+      200
(Issuer Not Cooperating)
S.M.P.Exim Pvt Ltd                      CC                 CRISIL BB-     50
(Issuer Not Cooperating)
S.M.P.Exim Pvt Ltd                      Proposed LT Bk     CRISIL BB-     15
                                        Loan Fac
(Issuer Not Cooperating)
S.N.K.M. and Sons Timbers Pvt Ltd       CC                 CRISIL B       55
(Issuer Not Cooperating)
Salasar Plywood Pvt Ltd                 CC                 CRISIL BB      5
(Issuer Not Cooperating)
Sanmaan Agro Industries                 CC                 CRISIL B       85
(Issuer Not Cooperating)
Sanmaan Agro Industries                 Warehouse Receipts CRISIL B       15
(Issuer Not Cooperating)
Saraswati Rice and General Mills -      CC                 CRISIL BB-     110     Reaffirmed
Taraori
Saraswati Rice and General Mills -      Proposed LT Bk     CRISIL BB-     25      Reaffirmed
Taraori                                 Loan Fac
Saraswati Rice and General Mills -      TL                 CRISIL BB-     15      Reaffirmed
Taraori
Sarda Metals and Alloys Ltd             TL                 CRISIL BBB     3030.1  Assigned
Sarda Metals and Alloys Ltd             Proposed LT Bk     CRISIL BBB     81.9    Assigned
                                        Loan Fac
Sarda Metals and Alloys Ltd             CC                 CRISIL BBB     500     Assigned
Shah Foils Ltd                          CC                 CRISIL BBB     950     Reaffirmed
Shah Foils Ltd                          Proposed LT Bk     CRISIL BBB     33.3    Reaffirmed
                                        Loan Fac
Shah Foils Ltd                          TL                 CRISIL BBB     436     Reaffirmed
Shakti Vegetables and Fruits Storage    CC                 CRISIL B       2.5
(Issuer Not Cooperating)
Shakti Vegetables and Fruits Storage    TL                 CRISIL B       97.5
(Issuer Not Cooperating)
Shanti Devi Charitable Trust (Regd.)    CC                 CRISIL B-      32      Upgraded from
                                                                                  CRISIL D
Shanti Devi Charitable Trust (Regd.)    TL                 CRISIL B-      950     Upgraded from
                                                                                  CRISIL D
Sharma Orthopedic (India) Pvt Ltd       CC                 CRISIL BB-     50
(Issuer Not Cooperating)
Sharma Orthopedic (India) Pvt Ltd       Proposed LT Bk     CRISIL BB-     6.7
                                        Loan Fac
(Issuer Not Cooperating)
Sharma Orthopedic (India) Pvt Ltd       TL                 CRISIL BB-     37.5
(Issuer Not Cooperating)
Shivji Singla and Sons                  CC                 CRISIL BB      20
(Issuer Not Cooperating)
Shivji Singla and Sons                  TL                 CRISIL BB      4.4
(Issuer Not Cooperating)
Shree NM Electricals Ltd                CC                 CRISIL BBB     300     Reaffirmed
Shree NM Electricals Ltd                Electronic Dealer  CRISIL BBB     850     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Shree Radhey Radhey Ispat Pvt Ltd       CC                 CRISIL BB      228
(Issuer Not Cooperating)
Shree Radhey Radhey Ispat Pvt Ltd       LT Loan            CRISIL BB      115
(Issuer Not Cooperating)
Shree Radhey Radhey Ispat Pvt Ltd       Proposed LT Bk     CRISIL BB      7
                                        Loan Fac
(Issuer Not Cooperating)
Shree Shanti Polysacks Pvt Ltd          CC                 CRISIL BB      30
(Issuer Not Cooperating)
Shree Shanti Polysacks Pvt Ltd          Proposed LT Bk     CRISIL BB      30
                                        Loan Fac
(Issuer Not Cooperating)
Shree Siddhivinayak Cotspin Pvt Ltd     CC                 CRISIL BBB     570     Reaffirmed
Shree Siddhivinayak Cotspin Pvt Ltd     Standby FB Limits  CRISIL BBB     24      Reaffirmed
Shree Siddhivinayak Cotspin Pvt Ltd     TL                 CRISIL BBB     351     Reaffirmed
Shree Siddhivinayak Sales Corporation   CC                 CRISIL BB      100
(Issuer Not Cooperating)
Shri Sai Construction Company -         CC                 CRISIL BB      20      Reaffirmed
Chandrapur
Shri Sai Construction Company -         Proposed LT Bk     CRISIL BB      22.5    Reaffirmed
Chandrapur                              Loan Fac
Shri Sai Construction Company -         TL                 CRISIL BB      22.9    Reaffirmed
Chandrapur
Shrim Bhanu Construction Pvt Ltd        CC                 CRISIL BBB     200     Reaffirmed
Shrim Bhanu Construction Pvt Ltd        Proposed CC Limit  CRISIL BBB     150     Reaffirmed
Shrim Bhanu Construction Pvt Ltd        Proposed BG        CRISIL BBB     200     Reaffirmed
Singh Cycle & Motor Co.                 CC                 CRISIL D       37.5
(Issuer Not Cooperating)
Singh Cycle & Motor Co.                 Inventory Funding  CRISIL D       42.5
                                        Fac
(Issuer Not Cooperating)
Singh Cycle & Motor Co.                 TL                 CRISIL D       35
(Issuer Not Cooperating)
Sreeragam Exports Pvt Ltd               Bill Discounting   CRISIL BBB-    310     Reaffirmed
Sreeragam Exports Pvt Ltd               Export Packing     CRISIL BBB-    250     Reaffirmed
                                        Credit
Sri Sakthi Educational Trust            LT Loan            CRISIL BB      70
(Issuer Not Cooperating)
Sri Sakthi Educational Trust            Overdraft          CRISIL BB      15
(Issuer Not Cooperating)
Sri Sakthi Educational Trust            Proposed LT Bk     CRISIL BB      15
                                        Loan Fac
(Issuer Not Cooperating)
Sripathy Assoceates                     CC                 CRISIL BB+     250     Upgraded from
                                                                                  CRISIL BB
Sun Ark Aluminium Industries Pvt Ltd    CC                 CRISIL D       30
(Issuer Not Cooperating)
Sun Ark Aluminium Industries Pvt Ltd    LOC                CRISIL D       90
(Issuer Not Cooperating)
Uniglobe Mod Travels Pvt Ltd            CC                 CRISIL BB+     215
(Issuer Not Cooperating)
Unitech Couplers India Pvt Ltd          CC                 CRISIL BB      55
(Issuer Not Cooperating)
Unitech Couplers India Pvt Ltd          LT Loan            CRISIL BB      40
(Issuer Not Cooperating)
Unitech Couplers India Pvt Ltd          Proposed LT Bk     CRISIL BB      40
                                        Loan Fac
(Issuer Not Cooperating)
Vardhman Enterprise - Ahmedabad         CC                 CRISIL B+      48
(Issuer Not Cooperating)
Vardhman Enterprise - Ahmedabad         Drop Line          CRISIL B+      44.5
                                        Overdraft Fac
(Issuer Not Cooperating)
Veeraj Construction                     BG                 CRISIL D       125     Downgraded
                                                                                  from CRISIL B+
Veeraj Construction                     CC                 CRISIL D       45      Downgraded
                                                                                  from CRISIL B+
Venkata Suresh Enterprises              CC                 CRISIL B       28
(Issuer Not Cooperating)
Venkata Suresh Enterprises              Proposed CC Limit  CRISIL B       10
(Issuer Not Cooperating)
Venkata Suresh Enterprises              Proposed LT Bk     CRISIL B       62
                                        Loan Fac
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd           CC                 CRISIL D       200
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd           Funded Interest TL CRISIL D       62.1
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd           LT Loan            CRISIL D       497.9
(Issuer Not Cooperating)
VKN Lakshmi Agro Foods Pvt Ltd          LT Loan            CRISIL B       50
(Issuer Not Cooperating)
VKN Lakshmi Agro Foods Pvt Ltd          Secured Overdraft  CRISIL B       50
                                        Fac
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: 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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