Reuters logo
CRISIL ratings for Indian debt instruments-Sep 4
September 4, 2017 / 6:27 AM / in 3 months

CRISIL ratings for Indian debt instruments-Sep 4

    Sep 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 1, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abacus                                  BG                 CRISIL A4+     11      Upgraded from
                                                                                  CRISIL A4
Issuer Not Cooperating
Air Works India (Engineering) Pvt Ltd   Non-FBL            CRISIL A3+     100     Reaffirmed
Ankit Diamonds                          Foreign            CRISIL A4      420     Downgraded
                                        Discounting Bill                          from CRISIL
                                        Purchase                                  A4+
Issuer Not Cooperating
Anupam Construction Co                  BG                 CRISIL A3      437.5   Reaffirmed
Anupam Rasayan India Ltd                BG                 CRISIL A2      4       Reaffirmed
Anupam Rasayan India Ltd                LOC                CRISIL A2      116     Reaffirmed
Britannia Industries Ltd                STD#               CRISIL A1+     5000    Reaffirmed
#Interchangeable with commercial paper
Britannia Industries Ltd                BG                 CRISIL A1+     320     Reaffirmed
Britannia Industries Ltd                Buyers Finance     CRISIL A1+     21      Reaffirmed
Britannia Industries Ltd                LOC@               CRISIL A1+     990     Reaffirmed
@Interchangeable with bank guarantee
Britannia Industries Ltd                Overdraft          CRISIL A1+     550     Reaffirmed
Britannia Industries Ltd                Proposed Packing   CRISIL A1+     750     Reaffirmed
                                        Credit
Britannia Industries Ltd                Proposed ST Bk     CRISIL A1+     569     Reaffirmed
                                        Loan Fac
Dodhia Synthetics Ltd                   BG                 CRISIL A4      6.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Dodhia Synthetics Ltd                   Packing Credit in  CRISIL A4      485     Downgraded
                                        Foreign Currency                          from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Fiat India Automobiles Pvt Ltd          CP                 CRISIL A1      2000    Withdrawal
Fiat India Automobiles Pvt Ltd          BG                 CRISIL A1      150     Reaffirmed
Fiat India Automobiles Pvt Ltd          LOC                CRISIL A1      350     Reaffirmed
Kayathri Consultants Pvt Ltd            BG                 CRISIL A4      65      Reaffirmed
KNK Projects Pvt Ltd                    BG                 CRISIL A4+     120     Reaffirmed
Mahajan Silk Mills Pvt Ltd              BG                 CRISIL A4      1       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Mahajan Silk Mills Pvt Ltd              Inland/Import LOC  CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Mantra Industries Ltd                   BG                 CRISIL A4+     50      Reaffirmed
Issuer Not Cooperating
Mantra Industries Ltd                   LOC                CRISIL A4+     181.1   Reaffirmed
Issuer Not Cooperating
Miracle Cables India Pvt Ltd            BG                 CRISIL A4+     10      Reaffirmed
Nelito Systems Ltd                      BG                 CRISIL A2      160     Downgraded
Removed from 'Rating Watch with Developing Implications'
Nestor Pharmaceuticals Ltd              BG                 CRISIL A4      100     Assigned
Privi Organics India Ltd                Non-FBL            CRISIL A2+     350     Assigned
Rudra Automobiles Pvt Ltd               BG                 CRISIL A3+     50      Reaffirmed
Rudra Automobiles Pvt Ltd               Overdraft          CRISIL A3+     20      Assigned
Sambandam Siva Textiles Pvt Ltd         BG                 CRISIL A4      25      Reaffirmed
Issuer Not Cooperating
Sambandam Siva Textiles Pvt Ltd         LOC                CRISIL A4      43.5    Reaffirmed
Issuer Not Cooperating
Samsung Overseas Ltd                    BG                 CRISIL A4      3       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Samsung Overseas Ltd                    Bill Discounting   CRISIL A4      100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Samsung Overseas Ltd                    LOC & BG           CRISIL A4      900     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Samsung Overseas Ltd                    Packing Credit     CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Vasupujya Filaments                     BG                 CRISIL A4      1       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Venus Rolling Mills Pvt Ltd             BG                 CRISIL A4+     25      Reaffirmed
Worth Peripherals Ltd                   Post Shipment      CRISIL A3+     1.8     Reassigned
                                        Credit

LONG TERM RATINGS:
-------------------
Abacus                                  CC                 CRISIL BB-     15.5    Upgraded from
                                                                                  CRISIL B
Issuer Not Cooperating
Abacus                                  Proposed CC Limit  CRISIL BB-     31      Upgraded from
                                                                                  CRISIL B
Issuer Not Cooperating
Abacus                                  TL                 CRISIL BB-     23.5    Upgraded from
                                                                                  CRISIL B
Issuer Not Cooperating
Abacus India Agencies Pvt Ltd           CC                 CRISIL BB-     139.1   Assigned
Air Works India (Engineering) Pvt Ltd   Bill Discounting#  CRISIL BBB     200     Reaffirmed
# fully interchangable with cash credit
Air Works India (Engineering) Pvt Ltd   FB Fac             CRISIL BBB     200     Reaffirmed
Air Works India (Engineering) Pvt Ltd   LOC & BG           CRISIL BBB     50      Reaffirmed
Air Works India (Engineering) Pvt Ltd   Overdraft^         CRISIL BBB     150     Reaffirmed
^fully interchangable with working capital demand loan and letter of credit and bank guarantee
Air Works India (Engineering) Pvt Ltd   Proposed LT Bk     CRISIL BBB     45      Withdrawal
                                        Loan Fac
Air Works India (Engineering) Pvt Ltd   Standby LOC        CRISIL BBB     1555    Reaffirmed
Air Works India (Engineering) Pvt Ltd   WC Demand Loan*    CRISIL BBB     100     Reaffirmed
*fully interchangable with overdraft
Ami Estates LLP                         LT Loan            CRISIL B+      540     Downgraded
                                                                                  from CRISIL BB
Ami Estates LLP                         Proposed LT Bk     CRISIL B+      60      Downgraded
                                        Loan Fac                                  from CRISIL BB
Ankit Diamonds                          Export Packing     CRISIL B       30      Downgraded
                                        Credit                                    from CRISIL BB
Issuer Not Cooperating
Anupam Construction Co                  Non-FBL            CRISIL BBB-    27.3    Reaffirmed
Anupam Construction Co                  Proposed BG        CRISIL BBB-    5.2     Assigned
Anupam Construction Co                  Overdraft          CRISIL BBB-    30      Assigned
Anupam Rasayan India Ltd                CC                 CRISIL BBB+    35      Reaffirmed
Anupam Rasayan India Ltd                CC/ Overdraft Fac  CRISIL BBB+    30      Reaffirmed
Anupam Rasayan India Ltd                Export Packing     CRISIL BBB+    1115    Reaffirmed
                                        Credit
Anupam Rasayan India Ltd                Proposed LT Bk     CRISIL BBB+    68.5    Reaffirmed
                                        Loan Fac
Anupam Rasayan India Ltd                TL                 CRISIL BBB+    1721.5  Reaffirmed
Britannia Industries Ltd                CC**               CRISIL AAA     500     Reaffirmed
**Interchangeable with working capital demand loan and overdraft
Britannia Industries Ltd                Proposed FB Bk     CRISIL AAA     100     Reaffirmed
                                        Limits
Britannia Industries Ltd                Proposed LT Bk     CRISIL AAA     200     Reaffirmed
                                        Loan Fac##
##Unallocated limits
Britannia Industries Ltd                WC Demand Loan^    CRISIL AAA     1000    Reaffirmed
^Interchangeable with overdraft or cash credit
Christy Textile Products Pvt Ltd        CC                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Christy Textile Products Pvt Ltd        Proposed LT Bk     CRISIL B       28.5    Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Christy Textile Products Pvt Ltd        TL                 CRISIL B       1.5     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
D`Decor Realty LLP                      TL                 CRISIL BB      850     Reaffirmed
Dodhia Synthetics Ltd                   CC                 CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Dodhia Synthetics Ltd                   LT Loan            CRISIL B       424.6   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Dodhia Synthetics Ltd                   Proposed LT Bk     CRISIL B       1       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Ever Green Fabric Process Pvt Ltd       CC                 CRISIL B       15      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Ever Green Fabric Process Pvt Ltd       Proposed LT Bk     CRISIL B       3.5     Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Ever Green Fabric Process Pvt Ltd       TL                 CRISIL B       31.5    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Fiat India Automobiles Pvt Ltd          CC                 CRISIL A       5000    Reaffirmed
Fiat India Automobiles Pvt Ltd          External           CRISIL A       10200   Reaffirmed
                                        Commercial
                                        Borrowings
Fiat India Automobiles Pvt Ltd          Foreign Currency TLCRISIL A       2040    Reaffirmed
Fiat India Automobiles Pvt Ltd          LT Loan            CRISIL A       800     Reaffirmed
Fiat India Automobiles Pvt Ltd          Proposed LT Bk     CRISIL A       1460    Reaffirmed
                                        Loan Fac
Jagannath Polymers Ltd                  CC                 CRISIL B       56      Reaffirmed
Issuer Not Cooperating
Jagannath Polymers Ltd                  LT Loan            CRISIL B       3.8     Reaffirmed
Issuer Not Cooperating
Jagannath Polymers Ltd                  Proposed LT Bk     CRISIL B       40.2    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Kameswari Jewellers                     CC                 CRISIL BB-     100     Reaffirmed
Kayathri Consultants Pvt Ltd            CC                 CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
Kayathri Consultants Pvt Ltd            Proposed LT Bk     CRISIL B-      15      Downgraded
                                        Loan Fac                                  from CRISIL B
M. D. Suitings Pvt Ltd                  CC                 CRISIL BB      100     Assigned
M. D. Suitings Pvt Ltd                  Standby LOC        CRISIL BB      5       Assigned
Mahajan Silk Mills Pvt Ltd              CC                 CRISIL B+      95.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Mahajan Silk Mills Pvt Ltd              LOC                CRISIL B+      15.7    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Mantra Industries Ltd                   CC                 CRISIL BB      480     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Mantra Industries Ltd                   Rupee TL           CRISIL BB      28.9    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Miracle Cables India Pvt Ltd            Bill Discounting   CRISIL BB      2.5     Reaffirmed
Miracle Cables India Pvt Ltd            CC                 CRISIL BB      185     Reaffirmed
Miracle Cables India Pvt Ltd            Proposed LT Bk     CRISIL BB      12.4    Reaffirmed
                                        Loan Fac
Miracle Cables India Pvt Ltd            Rupee TL           CRISIL BB      30.1    Reaffirmed
Miracle Cables India Pvt Ltd            TL                 CRISIL BB      30      Assigned
Nelito Systems Ltd                      CC                 CRISIL BBB+    120     Downgraded
Removed from 'Rating Watch with Developing Implications'
Nestor Pharmaceuticals Ltd              Proposed LT Bk     CRISIL B-      9.7     Assigned
                                        Loan Fac
Nestor Pharmaceuticals Ltd              CC                 CRISIL B-      520.3   Assigned
Privi Organics India Ltd                TL                 CRISIL A-      699.6   Assigned
Privi Organics India Ltd                Proposed LT Bk     CRISIL A-      32.9    Assigned
                                        Loan Fac
Privi Organics India Ltd                FB Fac             CRISIL A-      2100    Assigned
Privi Organics India Ltd                Non-FBL            CRISIL A-      1288    Assigned
Ramkrishna Forgings Ltd                 CC                 CRISIL BBB+    2400    Reaffirmed
Ramkrishna Forgings Ltd                 Proposed WC Fac    CRISIL BBB+    24      Reaffirmed
Ramkrishna Forgings Ltd                 TL                 CRISIL BBB+    3236    Reaffirmed
Rudra Automobiles Pvt Ltd               CC                 CRISIL BBB     200     Reaffirmed
Rudra Automobiles Pvt Ltd               LT Loan            CRISIL BBB     10      Reaffirmed
Rudra Automobiles Pvt Ltd               TL                 CRISIL BBB     10      Assigned
Rudra Automobiles Pvt Ltd               Proposed LT Bk     CRISIL BBB     20      Assigned
                                        Loan Fac
Rungta Industries Pvt Ltd               CC                 CRISIL BB      230     Reaffirmed
Sabari Enterprises                      Proposed LT Bk     CRISIL BB-     80      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Sambandam Siva Textiles Pvt Ltd         CC                 CRISIL B+      98      Reaffirmed
Issuer Not Cooperating
Sambandam Siva Textiles Pvt Ltd         Corporate Loan     CRISIL B+      75      Reaffirmed
Issuer Not Cooperating
Sambandam Siva Textiles Pvt Ltd         Proposed LT Bk     CRISIL B+      35.4    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Sambandam Siva Textiles Pvt Ltd         WC Demand Loan     CRISIL B+      64      Reaffirmed
Issuer Not Cooperating
Samsung Overseas Ltd                    Proposed LT Bk     CRISIL B       12.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Sanjivini Pipes and Fittings Pvt Ltd    CC                 CRISIL B       40      Reaffirmed
Issuer Not Cooperating
Sanjivini Pipes and Fittings Pvt Ltd    LT Loan            CRISIL B       45      Reaffirmed
Issuer Not Cooperating
Sanjivini Pipes and Fittings Pvt Ltd    Proposed LT Bk     CRISIL B       4       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Shirode Cars Pvt Ltd                    CC                 CRISIL B       35      Reaffirmed
Issuer Not Cooperating
Shirode Cars Pvt Ltd                    Proposed LT Bk     CRISIL B       3       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Shirode Cars Pvt Ltd                    TL                 CRISIL B       12      Reaffirmed
Issuer Not Cooperating
Shivram Synthetics Pvt Ltd              CC                 CRISIL BB      100     Assigned
Shivram Synthetics Pvt Ltd              Standby LOC        CRISIL BB      5       Assigned
Sri Venkata Srinivasa Oils Pvt Ltd      CC                 CRISIL BB-     120     Reaffirmed
Vasupujya Filaments                     CC                 CRISIL B       29      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Vasupujya Filaments                     Foreign LOC        CRISIL B       16.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Vasupujya Filaments                     LT Loan            CRISIL B       37.1    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Vasupujya Filaments                     Proposed LT Bk     CRISIL B       77.4    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Vasupujya Filaments                     TL                 CRISIL B       139     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Venus Rolling Mills Pvt Ltd             Bill Discounting   CRISIL BB      40      Reaffirmed
Venus Rolling Mills Pvt Ltd             CC                 CRISIL BB      205     Reaffirmed
Worth Peripherals Ltd                   CC                 CRISIL BBB     70      Reaffirmed
Worth Peripherals Ltd                   Proposed FB Bk     CRISIL BBB     14.2    Reaffirmed
                                        Limits
Worth Peripherals Ltd                   TL*#               CRISIL BBB     144     Assigned
* interchangeable with buyers credit; # interchangeable with capex letter of credit and buyers
credit

--------------------------------------------------------------------------------------------
$: 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below