November 29, 2019 / 4:49 AM / 8 days ago

CRISIL ratings for Indian debt instruments-Nov 29

    Nov 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 28, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adani Capital Pvt Ltd                   CP                 CRISIL A1+     1500    Reaffirmed
Adani Capital Pvt Ltd                   Proposed ST Bk     CRISIL A1+     1000    Reaffirmed
                                        Loan Fac
Adani Capital Pvt Ltd                   WC Demand Loan     CRISIL A1+     1000    Reaffirmed
Adani Housing Finance Pvt Ltd           Proposed ST Bk     CRISIL A1+     500     Reaffirmed
                                        Loan Fac
Bajaj Auto Ltd                          BG                 CRISIL A1+     900     Reaffirmed
Bajaj Auto Ltd                          LOC                CRISIL A1+     2000    Reaffirmed
Bajaj Auto Ltd                          Proposed BG        CRISIL A1+     34100   Reaffirmed
Blackberry Tiles Pvt Ltd                BG                 CRISIL A4+     14      Reaffirmed
Bhagaban Mohapatra Constructions and    Letter Of GuaranteeCRISIL D       300     Downgraded
Engineers Pvt Ltd                                                                 from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        BG                 CRISIL A4      4       Withdrawn
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        Buyer`s Credit     CRISIL A4      90      Withdrawn
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        CC                 CRISIL A4      120     Withdrawn
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        Export Finance     CRISIL A4      20      Withdrawn
                                        Limit
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        Proposed LT Bk     CRISIL A4      25      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
D R Coats Ink and Resins Pvt Ltd        TL                 CRISIL A4      6       Withdrawn
(Issuer Not Cooperating)
Diamond Shipping Agencies Pvt Ltd       BG                 CRISIL A4+     35      -
(Issuer Not Cooperating)
Goldstar Power Ltd                      LOC                CRISIL A4      50      -
(Issuer Not Cooperating)
Gupta Fibres                            Proposed ST Bk     CRISIL A4      32.5    Assigned
                                        Loan Fac
(Suspension Revoked)
Hyundai Motor India Ltd                 ST Debt            CRISIL A1+     1000    Reaffirmed
Hyundai Motor India Ltd                 BG@@               CRISIL A1+     100     Reaffirmed
@@Interchangeable with letter of credit
Hyundai Motor India Ltd                 Packing Credit@    CRISIL A1+     28850   Reaffirmed
@Interchangeable with letter of credit, buyers credit, short-term loan, overdraft, bill
discounting, and bank guarantee
Hyundai Motor India Ltd                 Proposed ST Bk     CRISIL A1+     8050    Reaffirmed
                                        Loan Fac
Ideal Movers Pvt Ltd                    BG                 CRISIL A4+     77.5    Reaffirmed
Jash Engineering Ltd                    BG                 CRISIL A2      405     Assigned
Jash Engineering Ltd                    LOC                CRISIL A2      200     Assigned
Jash Engineering Ltd                    Standby LOC        CRISIL A2      147.5   Assigned
K. R. Anand                             BG                 CRISIL A4+     450     Reassigned
Laxmi Industrial Corporation            Packing Credit     CRISIL A3      140     Reassigned
Link Quest Telecom Ltd                  BG                 CRISIL A3+     55      Reaffirmed
Mann Residency Pvt Ltd                  BG                 CRISIL A4      20      Reaffirmed
Path Infotech Ltd                       BG                 CRISIL A3      20      Reaffirmed
Purita Water Solutions Pvt Ltd          BG                 CRISIL A4      25      Withdrawn
(Issuer Not Cooperating)
Purita Water Solutions Pvt Ltd          CC                 CRISIL A4      15      Withdrawn
(Issuer Not Cooperating)
Purita Water Solutions Pvt Ltd          Inland/Import LOC  CRISIL A4      15      Withdrawn
(Issuer Not Cooperating)
Purita Water Solutions Pvt Ltd          Proposed LT Bk     CRISIL A4      15      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
R Systems International Ltd             Loan Equivalent    CRISIL A1      180     Reaffirmed
                                        Risk Limits
R. C. Enterprise                        Packing Credit     CRISIL A3      200     Upgraded from
                                                                                  CRISIL A4+
Rajasthan Cylinders and Containers Ltd  BG                 CRISIL A4      5       -
(Issuer Not Cooperating)
Sanjay Commercial Company               BG                 CRISIL A3      7.5     Reaffirmed
Sanjay Commercial Company               LOC                CRISIL A3      315     Reaffirmed
Shree Hans Rice and General Mills       Packing Credit     CRISIL A4+     420     Assigned
Shree Hans Rice and General Mills       Foreign Exchange   CRISIL A4+     4       Assigned
                                        Fac
Shri Bajrang Alloys Ltd                 BG                 CRISIL A4+     10      -
(Issuer Not Cooperating)
Shri Bajrang Alloys Ltd                 Bill Discounting   CRISIL A4+     80      -
(Issuer Not Cooperating)
Traxun Towers India Pvt Ltd             BG                 CRISIL A4+     115     -
(Issuer Not Cooperating)
Traxun Towers India Pvt Ltd             Overdraft          CRISIL A4+     5       -
(Issuer Not Cooperating)
Vishal Car World Pvt Ltd                BG                 CRISIL A4+     10      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Bajaj Auto Ltd                          FD                 FAAA/Stable    -       Reaffirmed
Cent Bank Home Finance Ltd              FD Programme       FA-/Stable     -       Reaffirmed



LONG TERM RATINGS:
-------------------
Adani Capital Pvt Ltd                   Proposed LT Bk     CRISIL         2750    Reaffirmed
                                        Loan Fac           AA-/Stable
Adani Capital Pvt Ltd                   TL                 CRISIL         3250    Reaffirmed
                                                           AA-/Stable
Adani Housing Finance Pvt Ltd           Proposed LT Bk     CRISIL         4250    Reaffirmed
                                        Loan Fac*          AA-/Stable
*Interchangeable with short term bank facilities
Adani Housing Finance Pvt Ltd           TL                 CRISIL         250     Assigned
                                                           AA-/Stable
Assam Bengal Navigation Company Pvt Ltd Proposed LT Bk     CRISIL         12      Reaffirmed
                                        Loan Fac           BB/Stable
Assam Bengal Navigation Company Pvt Ltd TL                 CRISIL         101     Reaffirmed
                                                           BB/Stable
Aster Industries                        CC                 CRISIL         35      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Aster Industries                        LT Loan            CRISIL         70      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Aster Industries                        Proposed LT Bk     CRISIL         5       -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Bajaj Auto Ltd                          CC                 CRISIL         500     Reaffirmed
                                                           AAA/Stable
Bhagaban Mohapatra Constructions and    CC                 CRISIL D       30      Downgraded
Engineers Pvt Ltd                                                                 from CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Bhagaban Mohapatra Constructions and    LT Loan            CRISIL D       4.7     Downgraded
Engineers Pvt Ltd                                                                 from CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Bhagaban Mohapatra Constructions and    Proposed CC Limit  CRISIL D       1.3     Downgraded
Engineers Pvt Ltd                                                                 from CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Blackberry Tiles Pvt Ltd                CC                 CRISIL         50      Reaffirmed
                                                           BB/Stable
Blackberry Tiles Pvt Ltd                Proposed LT Bk     CRISIL         31      Reaffirmed
                                        Loan Fac           BB/Stable
Blackberry Tiles Pvt Ltd                TL                 CRISIL         5       Reaffirmed
                                                           BB/Stable
Cent Bank Home Finance Ltd              NCD                CRISIL         300     Reaffirmed
                                                           BBB+/Stable
Cent Bank Home Finance Ltd              Proposed LT Bk     CRISIL         400     Reaffirmed
                                        Loan Fac           BBB+/Stable
Diamond Shipping Agencies Pvt Ltd       CC                 CRISIL         40      -
                                                           BB/Stable
(Issuer Not Cooperating)
Diamond Shipping Agencies Pvt Ltd       LT Loan            CRISIL         20      -
                                                           BB/Stable
(Issuer Not Cooperating)
Diamond Shipping Agencies Pvt Ltd       Proposed WC Fac    CRISIL         30      -
                                                           BB/Stable
(Issuer Not Cooperating)
E-Lights Techno Park Pvt Ltd            TL                 CRISIL         804.4   Downgraded
                                                           BBB-/Negative          from CRISIL
                                                                                  A-/Stable
Ess Ell Foods Ltd                       Inventory Funding  CRISIL         75      Reaffirmed
                                        Fac                BB+/Stable
(Issuer Not Cooperating)
Ganesh Sponge Pvt Ltd                   CC                 CRISIL         260     Assigned
                                                           B-/Stable
Ganesh Sponge Pvt Ltd                   TL                 CRISIL         13.9    Assigned
                                                           B-/Stable
Globus Industries and Services Ltd      CC                 CRISIL D       120     Reaffirmed
Globus Industries and Services Ltd      Foreign LOC        CRISIL D       180     Reaffirmed
Globus Industries and Services Ltd      TL                 CRISIL D       10.3    Reaffirmed
Globus Industries and Services Ltd      WC TL              CRISIL D       383     Reaffirmed
Goldstar Power Ltd                      Bill Discounting   CRISIL B/Stable90      -
(Issuer Not Cooperating)
Goldstar Power Ltd                      CC                 CRISIL B/Stable60      -
(Issuer Not Cooperating)
Goldstar Power Ltd                      Corporate Loan     CRISIL B/Stable20      -
(Issuer Not Cooperating)
Goldstar Power Ltd                      Proposed LT Bk     CRISIL B/Stable19      -
                                        Loan Fac
(Issuer Not Cooperating)
Goldstar Power Ltd                      TL                 CRISIL B/Stable41      -
(Issuer Not Cooperating)
Gupta Fibres                            CC                 CRISIL         35      Assigned
                                                           B+/Stable
(Suspension Revoked)
Gupta Fibres                            TL                 CRISIL         22.5    Assigned
                                                           B+/Stable
(Suspension Revoked)
Ideal Movers Pvt Ltd                    CC                 CRISIL         1300    Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB+/Negative
Ideal Movers Pvt Ltd                    Proposed FB Bk     CRISIL         327.8   Downgraded
                                        Limits             BB-/Stable             from CRISIL
                                                                                  BB+/Negative
Ideal Movers Pvt Ltd                    TL                 CRISIL         1414.7  Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB+/Negative
Jash Engineering Ltd                    CC                 CRISIL         555     Assigned
                                                           BBB+/Stable
Jash Engineering Ltd                    TL                 CRISIL         176.5   Assigned
                                                           BBB+/Stable
K. R. Anand                             CC                 CRISIL         100     Assigned
                                                           BB/Stable
Karam Udyog                             Export Packing     CRISIL         100     Reaffirmed
                                        Credit             BBB/Stable
Kra Infrastructure Developers Pvt Ltd   CC                 CRISIL         30      Reaffirmed
                                                           BB/Stable
Krisumi Corporation Pvt Ltd             TL                 CRISIL         2000    Assigned
                                                           BB+/Stable
Laxmi Industrial Corporation            Proposed FB Bk     CRISIL         8       Upgraded from
                                        Limits             BBB-/Stable            CRISIL
                                                                                  BB+/Stable
Laxmi Industrial Corporation            TL                 CRISIL         7       Upgraded from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
Laxmi Industrial Corporation            Standby FB Limits  CRISIL         28      Upgraded from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
Link Quest Telecom Ltd                  CC                 CRISIL         238.4   Reaffirmed
                                                           BBB/Stable
Malwa Automobiles Pvt Ltd               CC                 CRISIL         136     Withdrawn
                                                           B+/Stable
Malwa Automobiles Pvt Ltd               Proposed FB Bk     CRISIL         4       Assigned
                                        Limits             B+/Stable
Malwa Automotives Pvt Ltd               TL                 CRISIL         19.7    Assigned
                                                           B+/Stable
Malwa Automotives Pvt Ltd               WC Fac             CRISIL         180.3   Assigned
                                                           B+/Stable
Mann Residency Pvt Ltd                  Overdraft          CRISIL         25      Reaffirmed
                                                           B+/Stable
Mann Residency Pvt Ltd                  Proposed LT Bk     CRISIL         145     Reaffirmed
                                        Loan Fac           B+/Stable
Path Infotech Ltd                       CC                 CRISIL         165     Reaffirmed
                                                           BBB-/Stable
R Systems International Ltd             CC*                CRISIL         200     Reaffirmed
                                                           A/Stable
*Interchangeable with Letter of Credit, Export Packing Credit (EPC), Pre Shipment credit in
Foreign currency (PCFC) and Pre shipment credit (PSC)
R. C. Enterprise                        Proposed TL        CRISIL         60      Upgraded from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
R. C. Enterprise                        Standby Line of    CRISIL         40      Upgraded from
                                        Credit             BBB-/Stable            CRISIL
                                                                                  BB+/Stable
Rajasthan Cylinders and Containers Ltd  CC                 CRISIL         45      -
                                                           B+/Stable
(Issuer Not Cooperating)
S J Developers and Housing Pvt Ltd      TL                 CRISIL         150     -
                                                           BB/Stable
(Issuer Not Cooperating)
Sangam Health Care Products Ltd         CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Sangam Health Care Products Ltd         Funded Interest TL CRISIL D       28.4    Reaffirmed
(Issuer Not Cooperating)
Sangam Health Care Products Ltd         LT Loan            CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Sangam Health Care Products Ltd         WC TL              CRISIL D       171.6   Reaffirmed
(Issuer Not Cooperating)
Sanjay Commercial Company               CC                 CRISIL         2.5     Reaffirmed
                                                           BBB-/Stable
Shantdeep Metals Pvt Ltd                CC                 CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Shantdeep Metals Pvt Ltd                Proposed LT Bk     CRISIL D       10      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-/Stable
Shantdeep Metals Pvt Ltd                TL                 CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Sheshadri Industries Ltd                CC                 CRISIL D       164.6   -
(Issuer Not Cooperating)
Sheshadri Industries Ltd                LT Loan            CRISIL D       345.4   -
(Issuer Not Cooperating)
Shree Hans Rice and General Mills       TL                 CRISIL         1       Assigned
                                                           BB/Stable
Shree Hans Rice and General Mills       CC                 CRISIL         225     Assigned
                                                           BB/Stable
Shri Bajrang Alloys Ltd                 CC                 CRISIL         200     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Shri Bajrang Alloys Ltd                 Proposed LT Bk     CRISIL         420     -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Shriram City Union Finance Ltd - Mobil  Series A PTCs      Provisional    481.1   Assigned
Trust Series - 04                                          CRISIL AAA (SO)
Sistema Smart Technologies Ltd          BG                 -              3904.1  Withdrawn
Sistema Smart Technologies Ltd          BG                 CRISIL         2800    Reaffirmed
                                                           BB-/Stable
SKN-Haryana City Gas Distribution Pvt   TL                 CRISIL BB+     80      Assigned
Ltd
(Placed on Rating Watch with Developing Implications)
SKN-Haryana City Gas Distribution Pvt   CC                 CRISIL BB+     40      Assigned
Ltd
(Placed on Rating Watch with Developing Implications)
SKN-Haryana City Gas Distribution Pvt   Standby LOC        CRISIL BB+     150     Assigned
Ltd
(Placed on Rating Watch with Developing Implications)
Sundaram Capital Protection Oriented    Sundaram Capital   CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme 5 Years (Series 7) 
Sundaram Capital Protection Oriented    Sundaram Capital   CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme 5 Years (Series 8)
Suryavanshi Spinning Mills Ltd          BG                 CRISIL D       6.6     -
(Issuer Not Cooperating)
Suryavanshi Spinning Mills Ltd          CC                 CRISIL D       143.3   -
(Issuer Not Cooperating)
Suryavanshi Spinning Mills Ltd          Corporate Loan     CRISIL D       104.3   -
(Issuer Not Cooperating)
Suryavanshi Spinning Mills Ltd          LT Loan            CRISIL D       97.5    -
(Issuer Not Cooperating)
Suryavanshi Spinning Mills Ltd          Proposed LT Bk     CRISIL D       48.3    -
                                        Loan Fac
(Issuer Not Cooperating)
T R Hospitalities                       TL                 CRISIL         65      Assigned
                                                           B/Stable
Traxun Towers India Pvt Ltd             Secured Overdraft  CRISIL         20      -
                                        against term       BB/Stable
                                        deposits
(Issuer Not Cooperating)
UTI Capital Protection Oriented Scheme  UTI Capital        CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme - Series VII-V
UTI Capital Protection Oriented Scheme  UTI Capital        CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme - Series VIII-I
UTI Capital Protection Oriented Scheme  UTI Capital        CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme - Series VIII-II
UTI Capital Protection Oriented Scheme  UTI Capital        CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme - Series VIII-III
UTI Capital Protection Oriented Scheme  UTI Capital        CRISIL AAA(SO) -       Reaffirmed
                                        Protection
                                        Oriented Scheme - Series VIII-IV
Vishal Car World Pvt Ltd                CC                 CRISIL         30      Reaffirmed
                                                           BB+/Stable
Vishal Car World Pvt Ltd                Electronic Dealer  CRISIL         90      Reaffirmed
                                        Financing          BB+/Stable
                                        Scheme(e-DFS)
Vishal Car World Pvt Ltd                Proposed LT Bk     CRISIL         28      Reaffirmed
                                        Loan Fac           BB+/Stable
Vishal Car World Pvt Ltd                TL                 CRISIL         30      Reaffirmed
                                                           BB+/Stable


--------------------------------------------------------------------------------------------
$: 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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