September 20, 2019 / 10:10 AM / 25 days ago

CRISIL ratings for Indian debt instruments-Sep 20

    Sep 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 19, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ambabhavani Fab Engineering Works LLP   BG                 CRISIL A4+     25      Assigned
Berry Alloys Ltd                        BG                 CRISIL A2      95.7    Upgraded from
                                                                                  CRISIL A3+
Berry Alloys Ltd                        LOC                CRISIL A2      300     Upgraded from
                                                                                  CRISIL A3+
Bismi Cashew Company                    Packing Credit     CRISIL A4+     270     Reaffirmed
Brij Nandan Singh                       BG                 CRISIL A4      35      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Castle Rock Fisheries Pvt Ltd           Foreign Exchange   CRISIL A3+     25
                                        Forward
Daga Global Chemicals Pvt Ltd           BG                 CRISIL A4+     20      Reaffirmed
Daga Global Chemicals Pvt Ltd           Bill Discounting   CRISIL A4+     70      Reaffirmed
Daga Global Chemicals Pvt Ltd           LOC                CRISIL A4+     800     Reaffirmed
Daga Global Chemicals Pvt Ltd           Overdraft          CRISIL A4+     360     Reaffirmed
Deepak Builders And Engineers India Pvt BG                 CRISIL A4      550     Revised from
Ltd                                                                               CRISIL A4+
(Issuer Not Cooperating)
Drishti Apparels                        Export Packing     CRISIL A4+     140     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting*
*Includes sublimit of EPC/PCFC of Rs 8Cr and overdraft of Rs 0.5 Cr. 
Drishti Apparels                        Foreign Exchange   CRISIL A4+     40      Reaffirmed
                                        Forward
Gsp Power Projects                      BG                 CRISIL A4+     160     Reaffirmed
Gsp Power Projects                      Packing Credit     CRISIL A4+     50      Reaffirmed
JKM Infra Works LLP                     BG                 CRISIL A3      580     Reaffirmed
Kajaria Iron And Steel Company Pvt Ltd  Packing Credit     CRISIL A4      80      Reaffirmed
                                        (pre-shipment
                                        credit)
Kajaria Iron And Steel Company Pvt Ltd  Post Shipment      CRISIL A4      50      Reaffirmed
                                        Credit
Lekh Raj Narinder Kumar                 Packing Credit     CRISIL A4+     800     Reaffirmed
Lekh Raj Narinder Kumar                 Post Shipment      CRISIL A4+     250     Reaffirmed
                                        Credit
M/S. S.K. Agarwalla                     BG                 CRISIL A4      120     Revised from
                                                                                  CRISIL A4+ 
(Issuer Not Cooperating)
Manappuram Finance Ltd                  CP                 CRISIL A1+     40000   Reaffirmed
NF Forgings Pvt Ltd                     LOC                CRISIL A4+     100     Migrated from
                                                                                  CRISIL A4+
Omprakash Shivprakash                   Packing Credit     CRISIL A4+     30      Migrated
(Issuer Not Cooperating)
R. Kothari and Company                  Bill Discounting   CRISIL A4+     40      Reaffirmed
R. Kothari and Company                  Packing Credit     CRISIL A4+     40      Reaffirmed
R. Kothari and Company                  Proposed ST Bk     CRISIL A4+     10      Reaffirmed
                                        Loan Fac
Ram Kumar Narwani                       BG                 CRISIL A4      50      Migrated
(Issuer Not Cooperating)
S. B. Construction and Company          BG                 CRISIL A4+     50      Migrated
(Issuer Not Cooperating)
S. B. Construction and Company          Proposed NFBL      CRISIL A4+     41.9    Migrated
(Issuer Not Cooperating)
S. K. Mehta and Co.                     BG                 CRISIL A4+     12      Reaffirmed
S.V. Chem Intermediates Pvt Ltd         LOC                CRISIL A4+     32      Reaffirmed
Sahara Poultry Farm                     Proposed ST Bk     CRISIL A4      9
                                        Loan Fac
(Issuer Not Cooperating)
Sai Datta Constructions                 BG                 CRISIL A4+     120     Migrated
(Issuer Not Cooperating)
Saibaba Flameproof Switchgears Pvt Ltd  BG                 CRISIL A4+     245     Migrated
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          BG                 CRISIL A4      100     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          LOC                CRISIL A4      24      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          Proposed BG        CRISIL A4      150     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          Proposed LOC       CRISIL A4      76      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shrikishan and Company                  BG                 CRISIL A4      230     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Shubh Grah Metals Pvt Ltd               Proposed LOC       CRISIL A4      3.8     Migrated
(Issuer Not Cooperating)
Siddharth Grease And Lubes Pvt Ltd      ST Bk Fac          CRISIL A2      3       Assigned
Siddharth Grease And Lubes Pvt Ltd      Pre Shipment CreditCRISIL A2      35      Assigned
Siddharth Grease And Lubes Pvt Ltd      LOC                CRISIL A2      110     Assigned
Siddharth Grease And Lubes Pvt Ltd      BG                 CRISIL A2      15      Assigned
SKR Exports India Pvt Ltd               Proposed ST Bk     CRISIL A4      10      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Spinaroo Commercial Pvt Ltd             Proposed LOC       CRISIL A4      35      Migrated
(Issuer Not Cooperating)
Super Seal Flexible Hose Ltd            Inland/Import LOC  CRISIL A4+     10      Upgraded from
                                                                                  CRISIL A4
Suraj Pulses                            BG                 CRISIL A4      30      Reaffirmed
Thapas Energy                           Proposed LOC & BG  CRISIL A4      5       Migrated
(Issuer Not Cooperating)
Tirupati Balaji Extrusion Pvt Ltd       BG                 CRISIL A4      6       Withdrawn
Uklana Commodities Pvt Ltd              BG                 CRISIL A4      80
(Issuer Not Cooperating)
Vaishnovi Constructions                 BG                 CRISIL A4+     100     Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Vignans Foundation For Science          Overdraft          CRISIL A3+     145     Migrated from
Technology And Research                                                           CRISIL A3+

LONG TERM RATINGS:
-------------------
Amar Udyog - Faridabad                  CC                 CRISIL BBB-    49      Reaffirmed
                                                           /Stable
Amar Udyog - Faridabad                  LT Loan            CRISIL BBB-    25      Reaffirmed
                                                           /Stable
Amar Udyog - Faridabad                  Proposed CC Limit  CRISIL BBB-    26      Reaffirmed
                                                           /Stable
Ambabhavani Fab Engineering Works LLP   CC                 CRISIL         45      Assigned
                                                           BB-/Stable
Barbil Mining and Industries Pvt Ltd    CC                 CRISIL         90      Reaffirmed
                                                           B+/Stable
Berry Alloys Ltd                        CC                 CRISIL         310     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Berry Alloys Ltd                        Funded Interest TL CRISIL         9.2     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Berry Alloys Ltd                        LT Loan            CRISIL         36.3    Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Berry Alloys Ltd                        Proposed LT Bk     CRISIL         55      Upgraded from
                                        Loan Fac           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Berry Alloys Ltd                        WC TL              CRISIL         103.8   Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Bismi Cashew Company                    Foreign Bill       CRISIL         50      Reaffirmed
                                        Discounting        BB-/Stable
Brij Nandan Singh                       Overdraft          CRISIL         55      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Brij Nandan Singh                       Proposed LT Bk     CRISIL         13.9    Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Brij Nandan Singh                       TL                 CRISIL         10.2    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Castle Rock Fisheries Pvt Ltd           Export Packing     CRISIL         625
                                        Credit             BBB/Stable
Daga Global Chemicals Pvt Ltd           Proposed LT Bk     CRISIL         25      Reaffirmed
                                        Loan Fac           BB+/Stable
Deepak Builders And Engineers India Pvt Overdraft          CRISIL         200     Revised from
Ltd                                                        B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Drishti Apparels                        Foreign Currency TLCRISIL         20      Reaffirmed
                                                           BB-/Stable
G.G. Fashions                           Open CC            CRISIL B+      134     Migrated from
                                                                                  CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
G.G. Fashions                           TL                 CRISIL B+      13.4    Migrated from
                                                                                  CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Gsp Power Projects                      CC                 CRISIL         10      Reaffirmed
                                                           BB+/Stable
Gsp Power Projects                      Proposed FB Bk     CRISIL         45      Reaffirmed
                                        Limits             BB+/Stable
Gsp Power Projects                      Standby LOC        CRISIL         75      Reaffirmed
                                                           BB+/Stable
Gsp Power Projects                      WC Fac             CRISIL         50      Reaffirmed
                                                           BB+/Stable
JKM Infra Works LLP                     CC                 CRISIL         180     Reaffirmed
                                                           BBB-/Stable
JKM Infra Works LLP                     Proposed LT Bk     CRISIL         30      Reaffirmed
                                        Loan Fac           BBB-/Stable
Kajaria Iron And Steel Company Pvt Ltd  CC                 CRISIL         20      Reaffirmed
                                                           B/Stable
King Fish Exports                       Packing Credit     CRISIL         90      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
King Fish Exports                       Proposed LT Bk     CRISIL         10      Downgraded
                                        Loan Fac           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Lekh Raj Narinder Kumar                 CC                 CRISIL         20      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Lekh Raj Narinder Kumar                 Proposed LT Bk     CRISIL         24.9    Upgraded from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB-/Stable
Lekh Raj Narinder Kumar                 TL                 CRISIL         45      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Lekh Raj Narinder Kumar                 Warehouse Receipts CRISIL BB      300     Upgraded from
                                                           /Stable                CRISIL BB-/
                                                                                  Stable
Shiv Carriers Roadways Pvt Ltd          Proposed LT Bk     CRISIL         35      Migrated from
                                        Loan Fac           B-/Stable              CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Shiv Carriers Roadways Pvt Ltd          TL                 CRISIL         90      Migrated from
                                                           B-/Stable              CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Shree Agarwal Dal Masala Udhyog         CC                 CRISIL         130     Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Shree Bala Ji Rice & General Mills      CC                 CRISIL B+      250     Migrated
(Issuer Not Cooperating)
Shri Ganesh Agro Industries - Parbhani  CC                 CRISIL D       70      Migrated
(Issuer Not Cooperating)
Shri Ganesh Agro Industries - Parbhani  Proposed LT Bk     CRISIL D       10      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          CC                 CRISIL         30      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Shri Vaari Electricals Pvt Ltd          Proposed CC Limit  CRISIL         20      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Shrikishan and Company                  CC                 CRISIL         20      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Shubh Grah Metals Pvt Ltd               Overdraft          CRISIL         66.2    Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Shubham Industries-Hyderabad            CC                 CRISIL B+      60.5    Migrated
(Issuer Not Cooperating)
Shukan Hospital LLP                     CC                 CRISIL         5       Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Shukan Hospital LLP                     TL                 CRISIL         94      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Siddharth Grease And Lubes Pvt Ltd      WC Fac             CRISIL         90      Assigned
                                                           BBB+/Stable
Siddharth Grease And Lubes Pvt Ltd      CC                 CRISIL         100     Assigned
                                                           BBB+/Stable
SKR Exports India Pvt Ltd               Proposed CC Limit  CRISIL         50      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
SKR Exports India Pvt Ltd               Proposed LT Bk     CRISIL         91      Migrated
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
SKR Exports India Pvt Ltd               TL                 CRISIL         49      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Somesh Forge Pvt Ltd                    CC                 CRISIL         40      Reaffirmed
                                                           B/Stable
Somesh Forge Pvt Ltd                    LT Loan            CRISIL         19.4    Reaffirmed
                                                           B/Stable
Somesh Forge Pvt Ltd                    Proposed LT Bk     CRISIL         40.6    Reaffirmed
                                        Loan Fac           B/Stable
Spinaroo Commercial Pvt Ltd             CC                 CRISIL         21.5    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Spinaroo Commercial Pvt Ltd             Proposed CC Limit  CRISIL         28.5    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Spinaroo Commercial Pvt Ltd             Proposed TL        CRISIL         9       Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Spinaroo Commercial Pvt Ltd             TL                 CRISIL         6       Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Sri Balaganesan Spinners                CC                 CRISIL         50      Migrated
                                                           BB/Stable
(Issuer Not Cooperating)
Sri Balaganesan Spinners                TL                 CRISIL         10      Migrated
                                                           BB/Stable
(Issuer Not Cooperating)
Sri Balaji Raw And Parboiled Rice Mills BG                 CRISIL D       80      Migrated
Pvt Ltd
(Issuer Not Cooperating)
Sri Balaji Raw And Parboiled Rice Mills CC                 CRISIL D       150     Migrated
Pvt Ltd
(Issuer Not Cooperating)
Sri Balaji Raw And Parboiled Rice Mills Warehouse FinancingCRISIL D       150     Migrated
Pvt Ltd
(Issuer Not Cooperating)
Super Seal Flexible Hose Ltd            CC                 CRISIL         90      Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Suraj Pulses                            CC                 CRISIL         120     Reaffirmed
                                                           B+/Stable
Suraj Pulses                            Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           B+/Stable
Tarini Agro Foodprocess Pvt Ltd         CC                 CRISIL         27.8    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Tarini Agro Foodprocess Pvt Ltd         Proposed LT Bk     CRISIL         5.7     Migrated
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Tarini Agro Foodprocess Pvt Ltd         TL                 CRISIL         36.4    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Thapas Energy                           Proposed CC Limit  CRISIL         20      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Thapas Energy                           Proposed WC Fac    CRISIL         25      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Tirupati Balaji Extrusion Pvt Ltd       CC                 CRISIL B/Stable70      Withdrawn
Tirupati Balaji Extrusion Pvt Ltd       Proposed LT Bk     CRISIL B/Stable33.6    Withdrawn
                                        Loan Fac
Tirupati Balaji Extrusion Pvt Ltd       TL                 CRISIL B/Stable60.4    Withdrawn
Vaishnovi Constructions                 CC                 CRISIL         40      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Vignans Foundation For Science          LT Loan            CRISIL         300     Migrated from
Technology And Research                                    BBB/Stable             CRISIL
                                                                                  BBB/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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