November 14, 2018 / 7:32 AM / in a month

CRISIL ratings for Indian debt instruments-Nov 14

    Nov 14 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 13, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A.Ramanathan & Company                  BG                 CRISIL A4      20      Reaffirmed
Aassaan Global Trade                    Inland/Import LOC  CRISIL A4+     40      Assigned
Arjav Diamonds                          Post Shipment      CRISIL A4+     32.5    Reaffirmed
                                        Credit
Astalakshmi Agencies                    Inland/Import LOC  CRISIL A4+     50      -
(Migrated from CRISIL A4+ ISSUER NOT COOPERATING)
Bajaj Corp Ltd                          CP Programme       CRISIL A1+     1000    Assigned
Brothers Engineering and Erectors Ltd   BG                 CRISIL A4+     75      -
(Migrated from 'CRISIL  A4+ /ISSUER NOT COOPERATING)
Carloo Textile                          Packing Credit     CRISIL A4+     62      Reaffirmed
Clean Solar Power (Hiriyur) Pvt Ltd     LOC & BG*          CRISIL A1+     17300   Assigned
*Interchangeable with fund based limits of up to Rs 750 crore
Clean Solar Power (Hiriyur) Pvt Ltd     Overdraft          CRISIL A1+     20      Assigned
Clean Solar Power (Hiriyur) Pvt Ltd     CP                 CRISIL A1+     2500    Reaffirmed
D. Shanmugavel                          BG                 CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
Gajalakshmi Chennai Dyes and Chemicals  BG                 CRISIL A4+     7.5     Reaffirmed
Gajalakshmi Chennai Dyes and Chemicals  LOC                CRISIL A4+     5       Reaffirmed
Gazebo Industries Ltd                   Foreign Exchange   CRISIL A4      1       Reaffirmed
                                        Forward
Gazebo Industries Ltd                   LOC & BG           CRISIL A4      70      Reaffirmed
Gazebo Industries Ltd                   Packing Credit     CRISIL A4      105     Reaffirmed
Hero FinCorp Ltd                        CP                 CRISIL A1+     60000   Reaffirmed
M.K.V.K. Timbers and Saw Mills          Proposed ST Bk     CRISIL A4      12.5    Reaffirmed
                                        Loan Fac
Marc Technocrats Pvt Ltd                Letter Of GuaranteeCRISIL A4+     60      -
(Migrated from 'CRISIL BB-)
Marc Technocrats Pvt Ltd                Proposed NFBL      CRISIL A4+     14.8    -
(Migrated from 'CRISIL BB-)
New Age False Ceiling Pvt Ltd           LOC                CRISIL D       20      Downgraded
                                                                                  from CRISIL A4
Prestige Feed Mills Ltd                 BG                 CRISIL A3+     2.5     Reaffirmed
Prestige Feed Mills Ltd                 LOC                CRISIL A3+     11      Reaffirmed
Putzmeister India Pvt Ltd               BG                 CRISIL A4+     10      Reaffirmed
Putzmeister India Pvt Ltd               LOC                CRISIL A4+     22.5    Reaffirmed
Reliance Retail Ltd                     Non-FBL            CRISIL A1+     92200   Reaffirmed
Reliance Retail Ltd                     Proposed NFBL      CRISIL A1+     47800   Reaffirmed
Reliance Retail Ltd                     CP                 CRISIL A1+     150000  Reaffirmed
Sri M.K.V.Kandasamy Nadar Firm          Proposed ST Bk     CRISIL A4      33.5    Reaffirmed
                                        Loan Fac
Tanvirkumar & Co                        Post Shipment      CRISIL A4      533     Reaffirmed
                                        Credit
The Sirsa Bansivat Labour And           BG                 CRISIL A4+     45      Upgraded from
Construction Pvt Ltd                                                              CRISIL A4


LONG TERM RATINGS:
-------------------
A.Ramanathan & Company                  CC                 CRISIL B+      130     Reaffirmed
Aassaan Global Trade                    Overdraft          CRISIL BB-     100     Assigned
ABZ Agro Foods Ltd                      Proposed FB Bk     -              50      Withdrawn
                                        Limits
ABZ Agro Foods Ltd                      Proposed LT Bk     -              250     Withdrawn
                                        Loan Fac
Aqua World Exports Pvt Ltd              Export Packing     CRISIL B+      90      Reaffirmed
                                        Credit
Arjav Diamonds                          CC                 CRISIL BB      82.5    Reaffirmed
Astalakshmi Agencies                    CC                 CRISIL BB      50      -
(Migrated from  CRISIL BB/Stable ISSUER NOT COOPERATING)
Astalakshmi Agencies                    Proposed LT Bk     CRISIL BB      115     -
                                        Loan Fac
(Migrated from  CRISIL BB/Stable ISSUER NOT COOPERATING)
Blossom Grocery & Foods India Pvt Ltd   Foreign Bill       -              77.5    Withdrawn
                                        Purchase
Blossom Grocery & Foods India Pvt Ltd   Proposed LT Bk     -              47.5    Withdrawn
                                        Loan Fac
Brothers Engineering and Erectors Ltd   CC                 CRISIL BB      20      -
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING)
Carloo Textile                          CC                 CRISIL BB      38      Reaffirmed
Clean Solar Power (Gulbarga) Pvt Ltd    LT Loan*           CRISIL A+      10630   Assigned
*Interchangeable with Letter of Comfort upto Rs.950 Cr. Company has availed LuT facility of Rs
250 Cr from Yes Bank Limited which is secured against Letter of Comfort (from above lenders) for
the import of machinery for a tenor upto 36 months. 
Clean Solar Power (Hiriyur) Pvt Ltd     LT Loan            CRISIL AA-     470     Reaffirmed
D. Shanmugavel                          LT Loan            CRISIL BB-     8       Upgraded from
                                                                                  CRISIL B+
D. Shanmugavel                          Overdraft          CRISIL BB-     25      Upgraded from
                                                                                  CRISIL B+
D`Decor Properties LLP                  TL                 CRISIL BB      1315    Reaffirmed
D'Decor Realty LLP                      TL                 CRISIL BB      850     Reaffirmed
Devi Enterprises - Erode                CC                 CRISIL BB      30      Reaffirmed
Devi Enterprises - Erode                Proposed WC Fac    CRISIL BB      120     Reaffirmed
Dhariya Construction Pvt Ltd            CC                 -              40      Withdrawn
Dhariya Construction Pvt Ltd            WC TL              -              80      Withdrawn
Dynamic Flow Products Pvt Ltd           Foreign Bill       CRISIL BB      80      Upgraded
                                        Purchase                                  from CRISIL
                                                                                  BB-   
Encorp Powertrans Pvt Ltd               CC                 -              50      Withdrawn
(ISSUER NOT COOPERATING)
Encorp Powertrans Pvt Ltd               TL                 -              40      Withdrawn
(ISSUER NOT COOPERATING)
Fermenta Biotech Ltd                    CC#                -              170     Withdrawn

#Interchangeable with buyer's credit to the extent of Rs 15 crore
Fermenta Biotech Ltd                    CC*                -              50      Withdrawn
*fully interchangeable with buyer's credit
Fermenta Biotech Ltd                    Letter Of Guarantee-              2.5     Withdrawn
Fermenta Biotech Ltd                    LOC                -              50      Withdrawn
Fermenta Biotech Ltd                    LT Loan            -              87.5    Withdrawn
Fermenta Biotech Ltd                    Packing Credit in  -              120     Withdrawn
                                        Foreign Currency@
@fully interchangeable with post-shipment credit
Fiotex Cotspin Pvt Ltd                  BG                 -              66      Withdrawn
(Rating reaffirmed and Withdrawn)
Fiotex Cotspin Pvt Ltd                  CC                 -              225     Withdrawn
(Rating reaffirmed and Withdrawn)
Fiotex Cotspin Pvt Ltd                  LT Loan            -              1089    Withdrawn
(Rating reaffirmed and Withdrawn)
Gajalakshmi Chennai Dyes and Chemicals  CC                 CRISIL BB      12.5    Reaffirmed
Gajalakshmi Chennai Dyes and Chemicals  Channel Financing  CRISIL BB      30      Reaffirmed
Gazebo Industries Ltd                   CC                 CRISIL B+      7.5     Reaffirmed
Hero FinCorp Ltd                        CC & WC demand loanCRISIL AA+     19160   Reaffirmed
Hero FinCorp Ltd                        Proposed LT Bk     CRISIL AA+     4365    Reaffirmed
                                        Loan Fac
Hero FinCorp Ltd                        TL                 CRISIL AA+     6475    Reaffirmed
Hero FinCorp Ltd                        Subordinated Debt  CRISIL AA+     2000    Reaffirmed
Hero FinCorp Ltd                        NCDs               CRISIL AA+     22000   Reaffirmed
Hero FinCorp Ltd                        Subordinate Debt   CRISIL AA+     5000    Reaffirmed
J B Publishing House Pvt Ltd            CC                 -              125     Withdrawn
J B Publishing House Pvt Ltd            LT Loan            -              35      Withdrawn
J B Publishing House Pvt Ltd            Proposed TL        -              15      Withdrawn
Kamaraj College of Engineering and      LT Loan            CRISIL BB      30      Reaffirmed
Technology Managing Board
Kamaraj College of Engineering and      Overdraft          CRISIL BB      90      Reaffirmed
Technology Managing Board
Kamaraj College of Engineering and      TL                 CRISIL BB      10      Reaffirmed
Technology Managing Board
M.K.V.K. Timbers and Saw Mills          CC                 CRISIL B       12.5    Reaffirmed
M.K.V.K. Timbers and Saw Mills          Foreign LOC        CRISIL B       85      Reaffirmed
Marc Technocrats Pvt Ltd                Drop Line          CRISIL BB      5.2     -
                                        Overdraft Fac
(Migrated from 'CRISIL BB-)
Naman Metal                             CC*                CRISIL B+      62.5    Assigned
New Age False Ceiling Pvt Ltd           CC                 CRISIL D       30      Downgraded
                                                                                  from CRISIL B+
New Age False Ceiling Pvt Ltd           Proposed LT Bk     CRISIL D       30      Downgraded
                                        Loan Fac                                  from CRISIL B+
New Line Exports                        BG                 -              0.3     Withdrawn
New Line Exports                        Export Packing     -              88      Withdrawn
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
New Line Exports                        LT Loan            -              6       Withdrawn
New Line Exports                        Proposed FB Bk     -              5.7     Withdrawn
                                        Limits
Persang Alloy Industries Pvt Ltd        CC                 CRISIL BB+     125.5   Assigned
Persang Alloy Industries Pvt Ltd        LT Loan            CRISIL BB+     45.8    Assigned
Persang Alloy Industries Pvt Ltd        Proposed FB Bk     CRISIL BB+     76.9    Assigned
                                        Limits
Persang Alloy Industries Pvt Ltd        WC TL              CRISIL BB+     18.8    Assigned
Pickwick Hygienic Products Pvt Ltd      BG                 -              2.5     Withdrawn
Pickwick Hygienic Products Pvt Ltd      Deferred Payment   -              28.7    Withdrawn
                                        Guarantee
Pickwick Hygienic Products Pvt Ltd      LOC                -              1.3     Withdrawn
Prestige Feed Mills Ltd                 CC                 CRISIL BBB     695     Reaffirmed
Prestige Feed Mills Ltd                 TL                 CRISIL BBB     80      Reaffirmed
Putzmeister India Pvt Ltd               CC                 CRISIL BB+     90      Reaffirmed
Putzmeister India Pvt Ltd               Proposed LT Bk     CRISIL BB+     77.5    Reaffirmed
                                        Loan Fac
Rathi Special Steels Ltd                CC                 -              280     Withdrawn
Rathi Special Steels Ltd                LOC                -              12.5    Withdrawn
Rathi Special Steels Ltd                Proposed LT Bk     -              31.5    Withdrawn
                                        Loan Fac
Rathi Special Steels Ltd                TL                 -              136     Withdrawn
Reliance Retail Ltd                     FB Fac*            CRISIL AAA     27500   Reaffirmed
*Fungible between Fund Based and Non Fund based Facilities to the extent of Rs.2500 Crore
Reliance Retail Ltd                     Proposed FB Bk     CRISIL AAA     2500    Reaffirmed
                                        Limits
Shri Harikrishna Cotton Mills Pvt Ltd   BG                 -              7       Withdrawn
Shri Harikrishna Cotton Mills Pvt Ltd   CC                 -              200     Withdrawn
Shri Harikrishna Cotton Mills Pvt Ltd   Proposed LT Bk     -              233     Withdrawn
                                        Loan Fac
Shri Harikrishna Cotton Mills Pvt Ltd   TL                 -              110     Withdrawn
Spictex Coton Mills Pvt Ltd             BG                 -              9.5     Withdrawn
Spictex Coton Mills Pvt Ltd             CC                 -              250     Withdrawn
Spictex Coton Mills Pvt Ltd             Corporate Loan     -              72.5    Withdrawn
Spictex Coton Mills Pvt Ltd             LT Loan            -              37.5    Withdrawn
Spictex Coton Mills Pvt Ltd             Proposed LT Bk     -              205.5   Withdrawn
                                        Loan Fac
Sri M.K.V.Kandasamy Nadar Firm          CC                 CRISIL B       6.5     Reaffirmed
Sri M.K.V.Kandasamy Nadar Firm          Foreign LOC        CRISIL B       60      Reaffirmed
SSK Milk Foods Pvt Ltd                  CC                 -              60      Withdrawn
SSK Milk Foods Pvt Ltd                  LT Loan            -              36.8    Withdrawn
SSK Milk Foods Pvt Ltd                  Proposed LT Bk     -              3.2     Withdrawn
                                        Loan Fac
Tanvirkumar & Co                        Proposed LT Bk     CRISIL B+      112     Upgraded from
                                        Loan Fac                                  CRISIL B
The Sirsa Bansivat Labour And           CC                 CRISIL BB-     30      Upgraded from
Construction Pvt Ltd                                                              CRISIL B+
Unnati Writing Products Pvt Ltd         CC                 -              80      Withdrawn
Unnati Writing Products Pvt Ltd         Proposed LT Bk     -              20      Withdrawn
                                        Loan Fac
Vedika Agro Industries                  CC                 CRISIL B+      50      Upgraded
                                                                                  From CRISIL B
Vedika Agro Industries                  LT Loan            CRISIL B+      37.5    Upgraded
                                                                                  From CRISIL B
Vedika Agro Industries                  Proposed WC Fac    CRISIL B+      12.5    Upgraded
                                                                                  From CRISIL B
Wave Hospitality Pvt Ltd                TL                 -              1400    Withdrawn
(ISSUER NOT COOPERATING)
Yes Bharath Wedding Collections         CC                 CRISIL BB-     50      Reaffirmed
Yes Bharath Wedding Collections         Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan 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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