November 12, 2018 / 5:13 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Nov 12

    Nov 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 9, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Associated Biotech                      LOC                CRISIL A4+     87
(Issuer Not Cooperating)
Beepee Enterprise Pvt Ltd               Foreign Demand     CRISIL A4      20
                                        Bill Purchase
(Issuer Not Cooperating)
Beepee Enterprise Pvt Ltd               Letter Of GuaranteeCRISIL A4      3
(Issuer Not Cooperating)
Bina Commercial Corporation             LOC & BG           CRISIL A4      40      Reaffirmed
Broadcast Engineering Consultants India BG                 CRISIL A4      250
Ltd
(Issuer Not Cooperating)
Broadcast Engineering Consultants India LOC                CRISIL A4      600
Ltd
(Issuer Not Cooperating)
Broadcast Engineering Consultants India Proposed ST Bk     CRISIL A4      775
Ltd                                     Loan Fac
(Issuer Not Cooperating)
Centum Industries Pvt Ltd               BG                 CRISIL A4+     30
(Issuer Not Cooperating)
Centum Industries Pvt Ltd               LOC                CRISIL A4+     10
(Issuer Not Cooperating)
Century Textiles and Industries Ltd     Non-FBL            CRISIL A1+     11000   Reaffirmed
Century Textiles and Industries Ltd     CP                 CRISIL A1+     22000   Reaffirmed
Ceratune Ceramic                        BG                 CRISIL A4      3
(Issuer Not Cooperating)
Chaudhary Construction Company Pvt Ltd  BG                 CRISIL A4      53
(Issuer Not Cooperating)
Durga Carriers Pvt Ltd                  BG                 CRISIL A4      5
(Issuer Not Cooperating)
Entraco BKS Busducts Pvt Ltd            Proposed NFBL      CRISIL A4      20
(Issuer Not Cooperating)
Gemus Engineering Ltd                   Letter Of GuaranteeCRISIL A4      40
(Issuer Not Cooperating)
Hero Housing Finance Ltd                CP                 CRISIL A1+     1000    Reaffirmed
Hindustan Refrigeration Stores          Letter Of GuaranteeCRISIL A4      1
(Issuer Not Cooperating)
Hyundai Motor India Ltd                 BG**               CRISIL A1+     100     Reaffirmed
**nterchangeable with Letter of Credit
Hyundai Motor India Ltd                 Packing Credit*    CRISIL A1+     26550   Reaffirmed
*Interchangeable with Letter of Credit, Buyers Credit, Short Term Loan, Intra Day Overdraft,
Bill Discounting and Bank Guarantee
Hyundai Motor India Ltd                 Proposed ST Bk     CRISIL A1+     10350   Reaffirmed
                                        Loan Fac
Hyundai Motor India Ltd                 ST Debt            CRISIL A1+     1000    Reaffirmed
Katyayini Paper Mills Pvt Ltd           BG                 CRISIL A4+     5
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Packing Credit     CRISIL A4+     153.5
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Post Shipment      CRISIL A4+     76.5
                                        Credit
(Issuer Not Cooperating)
Magick Woods Exports Pvt Ltd            Inland/Import LOC  CRISIL A2      187.5   Assigned
Magick Woods Exports Pvt Ltd            BG                 CRISIL A2      2.5     Assigned
Magick Woods Exports Pvt Ltd            Export Packing     CRISIL A2      330     Assigned
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Oscar Equipments Pvt Ltd                BG                 CRISIL A4      30
(Issuer Not Cooperating)
Oscar Equipments Pvt Ltd                Import LOC Limit   CRISIL A4      13
(Issuer Not Cooperating)
Oscar Equipments Pvt Ltd                LOC                CRISIL A4      5
(Issuer Not Cooperating)
The Creative Texture                    Bill Discounting   CRISIL A4+     10      Reaffirmed
                                        under LOC
Vikram Overseas Ltd                     Packing Credit     CRISIL A4      50
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A. R. Chains                            CC                 CRISIL B+      160     Reaffirmed
Associated Biotech                      CC                 CRISIL BB      85
(Issuer Not Cooperating)
Associated Biotech                      Proposed LT Bk     CRISIL BB      13
                                        Loan Fac
(Issuer Not Cooperating)
Beepee Enterprise Pvt Ltd               CC                 CRISIL B+      35
(Issuer Not Cooperating)
Beepee Enterprise Pvt Ltd               Proposed LT Bk     CRISIL B+      10
                                        Loan Fac
(Issuer Not Cooperating)
Bina Commercial Corporation             CC                 CRISIL B       50      Reaffirmed
Bindu Food Processors Pvt Ltd           CC                 CRISIL B       60      Upgraded from
                                                                                  CRISIL B-
Bindu Food Processors Pvt Ltd           Proposed LT Bk     CRISIL B       22.3    Upgraded from
                                        Loan Fac                                  CRISIL B-
Bindu Food Processors Pvt Ltd           WC Loan            CRISIL B       9.9     Upgraded from
                                                                                  CRISIL B-
Broadcast Engineering Consultants India Overdraft          CRISIL B       300
Ltd
(Issuer Not Cooperating)
Capitol Hill Hotels Pvt Ltd             TL                 CRISIL D       450
(Issuer Not Cooperating)
Centum Industries Pvt Ltd               CC                 CRISIL BB      30
(Issuer Not Cooperating)
Centum Industries Pvt Ltd               Proposed LT Bk     CRISIL BB      15
                                        Loan Fac
(Issuer Not Cooperating)
Century Textiles and Industries Ltd     FB Fac             CRISIL AA      15000
Continues on 'Rating Watch with Developing Implications' 
Century Textiles and Industries Ltd     Proposed LT Bk     CRISIL AA      15626.5
                                        Loan Fac
Continues on 'Rating Watch with Developing Implications' 
Century Textiles and Industries Ltd     Rupee TL           CRISIL AA      19856.5
Continues on 'Rating Watch with Developing Implications' 
Century Textiles and Industries Ltd     NCDs               CRISIL AA      9000
(Continues on 'Rating Watch with Developing Implications')
Ceratune Ceramic                        CC                 CRISIL B       10
(Issuer Not Cooperating)
Ceratune Ceramic                        LT Loan            CRISIL B       52.5
(Issuer Not Cooperating)
Chaudhary Construction Company Pvt Ltd  CC                 CRISIL B       22
(Issuer Not Cooperating)
Crackers India Infrastructure Ltd       LT Loan            CRISIL C       650
(Issuer Not Cooperating)
Creative Yarn Pvt Ltd                   CC                 CRISIL B-      70
(Issuer Not Cooperating)
Creative Yarn Pvt Ltd                   Proposed LT Bk     CRISIL B-      18.9
                                        Loan Fac
(Issuer Not Cooperating)
Creative Yarn Pvt Ltd                   TL                 CRISIL B-      11.1
(Issuer Not Cooperating)
Crest Promoters Pvt Ltd                 Proposed TL        CRISIL B+      50
(Issuer Not Cooperating)
Crest Promoters Pvt Ltd                 TL                 CRISIL B+      950
(Issuer Not Cooperating)
Dawer Sons Pvt Ltd                      CC                 CRISIL B       50
(Issuer Not Cooperating)
Dawer Sons Pvt Ltd                      Proposed CC Limit  CRISIL B       30
(Issuer Not Cooperating)
Derby Plantations Pvt Ltd               CC                 CRISIL C       52      Reaffirmed
Dhanpati Agro Udyog Pvt Ltd             CC                 CRISIL D       65
(Issuer Not Cooperating)
Dhanpati Agro Udyog Pvt Ltd             TL                 CRISIL D       20.7
(Issuer Not Cooperating)
Dhanshree Seeds Pvt Ltd                 CC                 CRISIL D       213.9
(Issuer Not Cooperating)
Dhanshree Seeds Pvt Ltd                 TL                 CRISIL D       11.1
(Issuer Not Cooperating)
Dharmana Motors                         CC                 CRISIL B       58
(Issuer Not Cooperating)
Dharti Cotton Industries                CC                 CRISIL D       55
(Issuer Not Cooperating)
Durga Carriers Pvt Ltd                  CC                 CRISIL B       65
(Issuer Not Cooperating)
Elmeasure India Pvt Ltd                 CC                 CRISIL B       45
(Issuer Not Cooperating)
Elmeasure India Pvt Ltd                 Proposed LT Bk     CRISIL B       51.8
                                        Loan Fac
(Issuer Not Cooperating)
Elmeasure India Pvt Ltd                 TL                 CRISIL B       53.2
(Issuer Not Cooperating)
Entraco BKS Busducts Pvt Ltd            Proposed CC Limit  CRISIL B+      10
(Issuer Not Cooperating)
Entraco BKS Busducts Pvt Ltd            Proposed TL        CRISIL B+      69.5
(Issuer Not Cooperating)
Etica Developers Pvt Ltd                Proposed LT Bk     CRISIL B       6.5
                                        Loan Fac
(Issuer Not Cooperating)
Etica Developers Pvt Ltd                TL                 CRISIL B       43.5
(Issuer Not Cooperating)
Farmgate Agro Milch Pvt Ltd             LT Loan            CRISIL BB+     200     Reaffirmed
                                                                                  and Withdrawn
Farmgate Agro Milch Pvt Ltd             WC Fac             CRISIL BB+     600     Reaffirmed
                                                                                  and Withdrawn
Fucon Technologies Ltd                  Overdraft          CRISIL D       29
(Issuer Not Cooperating)
Fucon Technologies Ltd                  WC Demand Loan     CRISIL D       116
(Issuer Not Cooperating)
G N R C Ltd                             CC                 CRISIL B       50
(Issuer Not Cooperating)
G N R C Ltd                             Proposed LT Bk     CRISIL B       4.5
                                        Loan Fac
(Issuer Not Cooperating)
G N R C Ltd                             TL                 CRISIL B       607.6
(Issuer Not Cooperating)
G. R. Multiflex Packaging Pvt Ltd       CC                 CRISIL D       70
(Issuer Not Cooperating)
G. R. Multiflex Packaging Pvt Ltd       Proposed LT Bk     CRISIL D       3.2
                                        Loan Fac
(Issuer Not Cooperating)
G. R. Multiflex Packaging Pvt Ltd       TL                 CRISIL D       16.8
(Issuer Not Cooperating)
Garg Industries Ltd                     CC                 CRISIL B       230
(Issuer Not Cooperating)
Garg Industries Ltd                     Proposed LT Bk     CRISIL B       25.9
                                        Loan Fac
(Issuer Not Cooperating)
Gee Emm Spinfab Ltd                     CC                 CRISIL BB      114
(Issuer Not Cooperating)
Gee Emm Spinfab Ltd                     TL                 CRISIL BB      358.4
(Issuer Not Cooperating)
Gee Emm Spinfab Ltd                     Warehouse Receipts CRISIL BB      2.6
(Issuer Not Cooperating)
Gemus Engineering Ltd                   CC                 CRISIL B       85
(Issuer Not Cooperating)
Gemus Engineering Ltd                   TL                 CRISIL B       36
(Issuer Not Cooperating)
Ghanshyam Foods Pvt Ltd                 CC                 CRISIL B+      49
(Issuer Not Cooperating)
Ghanshyam Foods Pvt Ltd                 TL                 CRISIL B+      1.9
(Issuer Not Cooperating)
Global Aluminium Pvt Ltd                Buyer`s Credit     CRISIL BB      128.6
(Issuer Not Cooperating)
Global Aluminium Pvt Ltd                CC                 CRISIL BB      351.4
(Issuer Not Cooperating)
Grameen Vikas Sanstha                   Proposed LT Bk     CRISIL B       20
                                        Loan Fac
(Issuer Not Cooperating)
Greenbilt Industries Pvt Ltd            Proposed LT Bk     CRISIL B       210
                                        Loan Fac
(Issuer Not Cooperating)
Gujarat Ginning and Oil Industries      CC                 CRISIL B       120
(Issuer Not Cooperating)
H. N. Agri Serve Pvt Ltd                CC                 CRISIL B-      150
(Issuer Not Cooperating)
H. N. Agri Serve Pvt Ltd                TL                 CRISIL B-      100
(Issuer Not Cooperating)
Hariwansh Packaging Pvt Ltd             CC                 CRISIL BB      150     Withdrawn
Hariwansh Packaging Pvt Ltd             TL                 CRISIL BB      32.8    Withdrawn
Harshna Naturals                        CC                 CRISIL B-      100
(Issuer Not Cooperating)
Harshna Naturals                        TL                 CRISIL B-      50
(Issuer Not Cooperating)
Helpage Youth Foundation                Proposed LT Bk     CRISIL B+      10      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Hero Housing Finance Ltd                Proposed LT Bk     CRISIL AA+     4000    Reaffirmed
                                        Loan Fac
Hero Housing Finance Ltd                Subordinated Debt  CRISIL AA+     2000    Assigned
Hero Housing Finance Ltd                NCD                CRISIL AA+     1000    Reaffirmed
Hero Housing Finance Ltd                NCD                CRISIL AA+     500     Reaffirmed
Hindustan Refrigeration Stores          CC                 CRISIL B       110
(Issuer Not Cooperating)
Katyayini Paper Mills Pvt Ltd           CC                 CRISIL BB      225
(Issuer Not Cooperating)
Katyayini Paper Mills Pvt Ltd           TL                 CRISIL BB      270
(Issuer Not Cooperating)
Lagan Engineering Co. Ltd               BG                 CRISIL D       30
(Issuer Not Cooperating)
Lagan Engineering Co. Ltd               CC                 CRISIL D       55
(Issuer Not Cooperating)
Lagan Engineering Co. Ltd               LOC                CRISIL D       5
(Issuer Not Cooperating)
Lagan Engineering Co. Ltd               Proposed LT Bk     CRISIL D       45.8
                                        Loan Fac
(Issuer Not Cooperating)
Lagan Engineering Co. Ltd               TL                 CRISIL D       75
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Export Packing     CRISIL BB      80
                                        Credit
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Foreign Bill       CRISIL BB      147.5
                                        Purchase
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Packing Credit     CRISIL BB      67
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Post Shipment      CRISIL BB      175.5
                                        Credit
(Issuer Not Cooperating)
Lotus Ornaments Pvt Ltd                 Proposed LT Bk     CRISIL BB      500
                                        Loan Fac
(Issuer Not Cooperating)
Magick Woods Exports Pvt Ltd            Proposed LT Bk     CRISIL BBB+    630     Assigned
                                        Loan Fac
Manipur Tea Co. Pvt Ltd                 CC                 CRISIL C       48      Reaffirmed
Manipur Tea Co. Pvt Ltd                 Proposed CC Limit  CRISIL C       15.4    Reaffirmed
Mantri Tea Company Pvt Ltd              CC                 CRISIL C       40      Reaffirmed
Mantri Tea Company Pvt Ltd              Proposed CC Limit  CRISIL C       35.3    Reaffirmed
Mantri Tea Company Pvt Ltd              TL                 CRISIL C       22.1    Reaffirmed
Om Foodprocessing Pvt Ltd               CC                 CRISIL B+      75      Assigned
Om Foodprocessing Pvt Ltd               Proposed LT Bk     CRISIL B+      25      Assigned
                                        Loan Fac
Oscar Equipments Pvt Ltd                CC                 CRISIL B       19
(Issuer Not Cooperating)
Oscar Equipments Pvt Ltd                Proposed LT Bk     CRISIL B       2.4
                                        Loan Fac
(Issuer Not Cooperating)
Patanjali Distributors Pvt Ltd          CC                 CRISIL B+      187.5   Migrated
(Issuer Not Cooperating)
Patanjali Distributors Pvt Ltd          Proposed CC Limit  CRISIL B+      112.5   Migrated
(Issuer Not Cooperating)
Ruttonpore Plantations Pvt Ltd          CC                 CRISIL C       70      Reaffirmed
Ruttonpore Plantations Pvt Ltd          Proposed CC Limit  CRISIL C       3.7     Reaffirmed
Shanti Ispat Ltd                        TL                 CRISIL B-      114.5
(Issuer Not Cooperating)
Shivom Cotspin Ltd                      CC                 CRISIL B       75
(Issuer Not Cooperating)
Shivom Cotspin Ltd                      Proposed LT Bk     CRISIL B       65
                                        Loan Fac
(Issuer Not Cooperating)
Shivom Cotspin Ltd                      TL                 CRISIL B       120
(Issuer Not Cooperating)
Sona Chandi Agro Processors             CC                 CRISIL D       550
(Issuer Not Cooperating)
Spring Merchandisers Pvt Ltd            CC                 CRISIL D       45
(Issuer Not Cooperating)
Spring Merchandisers Pvt Ltd            Inland/Import LOC  CRISIL D       65
(Issuer Not Cooperating)
The Creative Texture                    CC                 CRISIL BB-     55      Downgraded
                                                                                  from CRISIL BB
The Creative Texture                    Export Packing     CRISIL BB-     57.5    Downgraded
                                        Credit                                    from CRISIL BB
The Creative Texture                    LT Loan            CRISIL BB-     5       Downgraded
                                                                                  from CRISIL BB
The Creative Texture                    Proposed LT Bk     CRISIL BB-     22.5    Downgraded
                                        Loan Fac                                  from CRISIL BB
Vikram Overseas Ltd                     CC                 CRISIL B       5
(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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