for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CRISIL ratings for Indian debt instruments-Oct 13

   Oct 13  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of October 12, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
ASI Industries Ltd                     CC                CRISIL A4+    380    -
(Rating Reaffirmed and Withdrawn)
ASI Industries Ltd                     External          CRISIL A4+    270.5  -
                                       Commercial
                                       Borrowings
(Rating Reaffirmed and Withdrawn)
ASI Industries Ltd                     FCNR Loan         CRISIL A4+    288.6  -
(Rating Reaffirmed and Withdrawn)
ASI Industries Ltd                     LOC               CRISIL A4+    250    -
(Rating Reaffirmed and Withdrawn)
ASI Industries Ltd                     TL                CRISIL A4+    110.9  -
(Rating Reaffirmed and Withdrawn)
Euro Panel Products Pvt Ltd            ST Rating         CRISIL A4+    -      Reaffirmed
Green Woodcrafts Pvt Ltd               LOC & BG          CRISIL A4+    122.7  Reaffirmed
I Vetrivel                             BG                CRISIL A4+    700    Reaffirmed
Inox Wind Infrastructure Services Ltd  BG                CRISIL A2     1000   Reaffirmed
Jai Shakti Construction                ST Rating         CRISIL A4+    -      Reaffirmed
K.S.Selections Pvt Ltd                 BG                CRISIL A4     5      Reaffirmed
Rajendra And Co.                       Overdraft         CRISIL A4+    20     Reaffirmed
Security and Intelligence Services     LOC & BG          CRISIL A1+    1740   Assigned
(India) Ltd
(Assigned; Suspension Revoked)
Shanti Education Society               BG                CRISIL A3+    25     -
(Downgraded from 'CRISIL A2')
Shanti Education Society               Overdraft         CRISIL A3+    225    -
(Downgraded from 'CRISIL A2')
Shri Shyamjee Agro Industries          BG                CRISIL A4     70     Reaffirmed
Shri Shyamjee Agro Industries          Overdraft         CRISIL A4     4.4    Reaffirmed
Shri Shyamjee Agro Industries          Proposed NFBL     CRISIL A4     5.6    Reaffirmed
SM Corporation Ltd                     BG                CRISIL A4+    57.8   Reaffirmed
Solar Edge Power and Energy Pvt Ltd    ST Debt           Provisional   6141   Assigned
                                                         CRISIL A1^
(^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with a May 6, 2015 directive by the Securities and Exchange Board of India,
'Standardizing the term, rating symbol, and manner of disclosure with regards to conditional/
provisional/ in-principle ratings assigned by credit rating agencies'.)
Surya Contractors Pvt Ltd              BG                CRISIL A3     250    Assigned
Versatile Bonds Pvt Ltd                ST Rating         CRISIL A3            -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')

 
LONG TERM RATINGS:
-------------------
Classicwin Engineering Pvt Ltd         TL                CRISIL        300    Reaffirmed
                                                         B+/Stable
Cubatic Projects Pvt Ltd               LT Rating         CRISIL D      -
(Downgraded from 'CRISIL B/Stable')
Euro Panel Products Pvt Ltd            LT Rating         CRISIL        -      Reaffirmed
                                                         BB+/Stable
Green Woodcrafts Pvt Ltd               CC                CRISIL        40     Reaffirmed
                                                         BB-/Stable
Green Woodcrafts Pvt Ltd               Proposed CC Limit CRISIL        7.3    Reaffirmed
                                                         BB-/Stable
H. K. Kalchuri Education Trust         TL                CRISIL        700    -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
I Vetrivel                             Overdraft         CRISIL        700    Reaffirmed
                                                         BB+/Positive
(Outlook revised from 'Stable' and rating reaffirmed)
Inox Wind Infrastructure Services Ltd  CC                CRISIL        500    Reaffirmed
                                                         AA(CE)/Negative
Inox Wind Infrastructure Services Ltd  TL                CRISIL        1000   Reaffirmed
                                                         AA(CE)/Negative
Inox Wind Infrastructure Services Ltd  NCD               CRISIL        1950   -
                                                         AA(CE)/Negative
(Converted from Provisional Rating to Final Rating)
Inox Wind Infrastructure Services Ltd  NCD               CRISIL        2000   Withdrawn
                                                         AA(CE)/Negative
Jai Shakti Construction                LT Rating         CRISIL        -      Reaffirmed
                                                         BB/Stable
Jainam Fab Pvt Ltd                     LT Rating         CRISIL        -      Reaffirmed
                                                         BB-/Stable
K.P. Chacko Gold Centre & Kids Jewel   CC                CRISIL        100    -
                                                         BB-/Stable
(Downgraded from 'CRISIL BB/Stable')
K.S.Selections Pvt Ltd                 CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
K.S.Selections Pvt Ltd                 Proposed LT Bk    CRISIL        5      Reaffirmed
                                       Loan Fac          B+/Stable
Mool Chand Edibles Pvt Ltd             LT Rating         CRISIL
                                                         B+/Stable
National Trading Company               LT Rating         CRISIL               Reaffirmed
                                                         B+/Stable
Naturagreen Food Products Pvt Ltd      CC                CRISIL        100    Reaffirmed
                                                         BB-/Stable
Naturagreen Food Products Pvt Ltd      Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB-/Stable
Odyssey Logistics Pvt Ltd              CC                CRISIL        310    Assigned
                                                         BBB/Stable
Omshankar Milkfood Industries Pvt Ltd  Proposed CC Limit CRISIL        80     Reaffirmed
                                                         B+/Stable
Omshankar Milkfood Industries Pvt Ltd  TL                CRISIL        70     Assigned
                                                         B+/Stable
Rajendra And Co.                       CC                CRISIL        50     Reaffirmed
                                                         BB-/Stable
Rajendra And Co.                       Proposed FB Bk    CRISIL        30     Reaffirmed
                                       Limits            BB-/Stable
Ruchi Malls Pvt Ltd                    LT Rating         CRISIL        -      Reaffirmed
                                                         A+/Negative
Security and Intelligence Services     CC                CRISIL        5550   Assigned
(India) Ltd                                              AA-/Stable
(Assigned; Suspension Revoked)
Security and Intelligence Services     Proposed LT Bk    CRISIL        150    Assigned
(India) Ltd                            Loan Fac          AA-/Stable
(Assigned; Suspension Revoked)
Security and Intelligence Services     TL                CRISIL        550    Assigned
(India) Ltd                                              AA-/Stable
(Assigned; Suspension Revoked)
Shankar Rice and Gen. Mills - Punjab   CC                CRISIL        130    Reaffirmed
                                                         BB-/Stable
Shankar Rice and Gen. Mills - Punjab   Proposed CC Limit CRISIL        105    Reaffirmed
                                                         BB-/Stable
Shankar Rice and Gen. Mills - Punjab   WC Demand Loan    CRISIL        200    Assigned
                                                         BB-/Stable
Shankar Rice and Gen. Mills - Punjab   Warehouse Receipts CRISIL       145    Assigned
                                                         BB-/Stable
Shanti Education Society               Proposed LT Bk    CRISIL        509.5  -
                                       Loan Fac          BBB/Negative
(Downgraded from 'CRISIL BBB+/Negative')
Shanti Education Society               TL                CRISIL        390.5  -
                                                         BBB/Negative
(Downgraded from 'CRISIL BBB+/Negative')
Shri Shyamjee Agro Industries          CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
SM Corporation Ltd                     CC                CRISIL        90     Reaffirmed
                                                         BB/Stable
SM Corporation Ltd                     Channel Financing CRISIL        650    Reaffirmed
                                                         BB/Stable
SM Corporation Ltd                     LT Loan           CRISIL        65     Reaffirmed
                                                         BB/Stable
SM Corporation Ltd                     Proposed LT Bk    CRISIL        72.2   Reaffirmed
                                       Loan Fac          BB/Stable
SM Corporation Ltd                     Proposed WC Fac   CRISIL        55     Assigned
                                                         BB/Stable
Surya Contractors Pvt Ltd              CC                CRISIL        125    -
                                                         BBB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Versatile Bonds Pvt Ltd                LT Rating         CRISIL               -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Vinay Industries Ltd                   CC                CRISIL        450    Reaffirmed
                                                         BB+/Positive
(Outlook revised from 'Stable' and rating 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@refinitiv.com)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up