October 22, 2018 / 7:58 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Oct 22

   Oct 22 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 19, 2018.


COMPANY                                 INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bhagwati Power and Steel Ltd            LOC                CRISIL A3+     200     Reaffirmed
Diaexports Corporation                  Post Shipment      CRISIL A4+     50      Reaffirmed
                                        Credit
Diaexports Corporation                  Proposed ST Bk     CRISIL A4+     40      Reaffirmed
                                        Loan Fac
Ernad Engineering Enterprises           BG                 CRISIL A4      300     -
(Downgraded from CRISIL A4+)
G. B. Agro Products                     BG                 CRISIL A4      30      Reaffirmed
Hyderabad Wine Mart                     BG                 CRISIL A4+     20      Assigned
Simplex Engineers And Traders           Proposed ST Bk     CRISIL D       51      -
                                        Loan Fac
(Downgraded from CRISIL BB-)
Julius Baer Capital India Pvt Ltd       CP                 CRISIL A1+     12000   Reaffirmed
VKJ Infrastructures                     Overdraft          CRISIL A4      100     Assigned


LONG TERM RATINGS:
-------------------
Aliens Developers Pvt Ltd               CC                 CRISIL B-      63      Assigned
Aliens Developers Pvt Ltd               Proposed LT Bk     CRISIL B-      17      Assigned
                                        Loan Fac
Bangalore International Airport Ltd     CC                 CRISIL AA      500     Reaffirmed
Bangalore International Airport Ltd     Proposed LT Bk     CRISIL AA      335.9   Reaffirmed
                                        Loan Fac
Bangalore International Airport Ltd     TL                 CRISIL AA      17804.1 Reaffirmed
Bhagwati Power and Steel Ltd            CC                 CRISIL BBB     170     Reaffirmed
Bhagwati Power and Steel Ltd            Proposed LT Bk     CRISIL BBB     39.5    Reaffirmed
                                        Loan Fac
Bhagwati Power and Steel Ltd            TL                 CRISIL BBB     175.5   Reaffirmed
Bhagwati Power and Steel Ltd            WC Demand Loan     CRISIL BBB     65      Reaffirmed
DSM Sinochem Pharmaceuticals India Pvt  Composite WC Limit*-              450     Withdrawn
Ltd
*Interchangeable with fund based and non-fund based working capital facilities
DSM Sinochem Pharmaceuticals India Pvt  Proposed LT Bk     -              54      Withdrawn
Ltd                                     Loan Fac
DSM Sinochem Pharmaceuticals India Pvt  TL                 -              896     Withdrawn
Ltd
Ernad Engineering Enterprises           CC                 CRISIL B+      200     -
(Downgraded from CRISIL BB-)
G. B. Agro Products                     CC                 CRISIL B+      27.5    Reaffirmed
G. B. Agro Products                     Proposed LT Bk     CRISIL B+      2.5     Reaffirmed
                                        Loan Fac
Hyderabad Wine Mart                     CC                 CRISIL BB      30      Assigned
Inca Hammock Manufacturing and Export   BG                 CRISIL D       10      -
Pvt Ltd
(Downgraded from CRISIL BB-)
Inca Hammock Manufacturing and Export   Export Packing     CRISIL D       146     -
Pvt Ltd                                 Credit
(Downgraded from CRISIL BB-)
Inca Hammock Manufacturing and Export   Foreign Bill       CRISIL D       64      -
Pvt Ltd                                 Discounting
(Downgraded from CRISIL BB-)
Inca Hammock Manufacturing and Export   LOC                CRISIL D       15      -
Pvt Ltd
(Downgraded from CRISIL BB-)
Jiya Eco-Products Ltd                   Proposed LT Bk     CRISIL BBB-    170     Assigned
                                        Loan Fac
Jiya Eco-Products Ltd                   CC                 CRISIL BBB-    80      Assigned
Jiya Eco-Products Ltd                   LT Loan            CRISIL BBB-    34.7    Assigned
Rishabh Software Pvt Ltd                BG                 -              2.5     Withdrawn
Rishabh Software Pvt Ltd                Drop Line          -              85      Withdrawn
                                        Overdraft Fac
Rishabh Software Pvt Ltd                Foreign Exchange   -              5.2     Withdrawn
                                        Forward
Rishabh Software Pvt Ltd                Proposed LT Bk     -              9.9     Withdrawn
                                        Loan Fac
Rishabh Software Pvt Ltd                TL                 -              45.5    Withdrawn
Sagar Cotton Industries                 CC                 CRISIL B+      80      Reaffirmed
Sagar Cotton Industries                 TL                 CRISIL B+      10      Assigned
Shree Bhagwati Industries - Baddi       CC                 CRISIL BBB-    30      Assigned
Shresht Industries Pvt Ltd              CC                 CRISIL BB+     125     -
(Upgraded from CRISIL BB-)
Simplex Engineers And Traders           BG                 CRISIL D       4       -
(Downgraded from CRISIL BB-)
Simplex Engineers And Traders           CC                 CRISIL D       5       -
(Downgraded from CRISIL BB-)
Simplex Engineers And Traders           LOC                CRISIL D       65      -
(Downgraded from CRISIL BB-)
Srinav Oil Extraction Pvt Ltd           CC                 CRISIL BB      80      -
(Upgraded from CRISIL BB-)
Srinav Oil Extraction Pvt Ltd           Proposed LT Bk     CRISIL BB      45      -
                                        Loan Fac
(Upgraded from CRISIL BB-)
Strawberry Constructions Pvt Ltd        TL                 CRISIL BB      900     Assigned
Swastik Cotex                           CC                 CRISIL BB-     100     -
(Upgraded from CRISIL B+)
TCI Express Ltd                         BG                 CRISIL AA-     100     Reaffirmed

TCI Express Ltd                         CC                 CRISIL AA-     600     Reaffirmed
TCI Express Ltd                         Proposed LT Bk     CRISIL AA-     300     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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