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CRISIL ratings for Indian debt instruments-Sep 6
September 6, 2017 / 4:43 AM / 20 days ago

CRISIL ratings for Indian debt instruments-Sep 6

    Sep 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 5, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Akshat Papers Ltd                       BG                 CRISIL A4      7       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Apollo Microsystems Pvt Ltd             BG                 CRISIL A4+     100     Downgraded
                                                                                  from CRISIL A3
Apollo Microsystems Pvt Ltd             LOC                CRISIL A4+     90      Downgraded
                                                                                  from CRISIL A3
Apollo Microsystems Pvt Ltd             Proposed ST Bk     CRISIL A4+     13.4    Downgraded
                                        Loan Fac                                  from CRISIL A3
Arun Oil Trade                          LOC                CRISIL A3      150     Reaffirmed
Watch Developing
DLF Ltd                                 STD                CRISIL A2+     30000   Reaffirmed
Placed on Rating Watch with Developing Implications
DLF Ltd                                 BG                 CRISIL A2+     8500    Reaffirmed
Placed on Rating Watch with Developing Implications
DLF Ltd                                 LOC                CRISIL A2+     6520    Reaffirmed
Placed on Rating Watch with Developing Implications
DLF Ltd                                 ST Loan            CRISIL A2+     14450   Reaffirmed
Placed on Rating Watch with Developing Implications
Falcon Business Resources Pvt Ltd       LOC & BG           CRISIL A4      15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Greta Steels Ltd                        LOC                CRISIL A4+     100     Reaffirmed
Issuer Not Cooperating
Indsil Hydro Power and Manganese Ltd    LOC                CRISIL A4+     275.5   Reaffirmed
Placed on Rating Watch with Negative Implications
Jai Durga Iron Pvt Ltd                  LOC                CRISIL A4+     22.5    Reaffirmed
Issuer Not Cooperating
Kaleesuwari Refinery And Industry Pvt   LOC                CRISIL A3      500     Reaffirmed
Ltd
Watch Developing
Kaleesuwari Refinery Pvt Ltd            LOC                CRISIL A2+     4260    Reaffirmed
Watch Developing
Karnataka Hybrid Micro Devices Ltd      BG                 CRISIL A4+     10      Reaffirmed
Issuer Not Cooperating
LIC Housing Finance Ltd                 ST Bk Fac          CRISIL A1+     58250   Reaffirmed
LIC Housing Finance Ltd                 CP                 CRISIL A1+     70000   Reaffirmed
M/s Daroga Pradhan                      BG                 CRISIL A3      170     Upgraded from
                                                                                  CRISIL A4+
Mahabir Prasad Agarwal                  BG                 CRISIL A4+     49      Assigned
Nezami Rekha Sea Foods Pvt Ltd          Export Packing     CRISIL A4+     210     Reaffirmed
                                        Credit
Nezami Rekha Sea Foods Pvt Ltd          Proposed Packing   CRISIL A4+     70      Assigned
                                        Credit
Nezami Rekha Sea Foods Pvt Ltd          Proposed Bill      CRISIL A4+     30      Assigned
                                        Discounting Fac
Nezami Rekha Sea Foods Pvt Ltd          Proposed ST Bk     CRISIL A4+     1.4     Assigned
                                        Loan Fac
Philips Lighting India Ltd              BG                 CRISIL A1+     1750    Reaffirmed
Rai Bahadur Narain Singh Sugar Mills LtdBG                 CRISIL A4      20      Reaffirmed
Issuer Not Cooperating
Rainbow Infrastructure Pvt Ltd          BG                 CRISIL A4      30      Reaffirmed
Issuer Not Cooperating
Rainbow Infrastructure Pvt Ltd          Proposed ST Bk     CRISIL A4      50      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Raosahebdada Pawar Ghodganga Sahakari   ST Loan            CRISIL A4      92      Assigned
Sakhar Karkhana Ltd
Rotocast Industries Ltd                 LOC                CRISIL A4+     15      Assigned
Rotocast Industries Ltd                 BG                 CRISIL A4+     4       Assigned
Saj Jewellery Pvt Ltd                   Foreign            CRISIL A4      35      Reaffirmed
                                        Documentary Bills
                                        Purchase
Issuer Not Cooperating
Saj Jewellery Pvt Ltd                   Packing Credit     CRISIL A4      35      Reaffirmed
Issuer Not Cooperating
Shreyas Relay Systems Ltd               BG                 CRISIL A2+     70      Reaffirmed
Removed from Rating Watch with Negative Implications
Sovika Aviation Services Pvt Ltd        BG                 CRISIL A4+     300     Reaffirmed
Issuer Not Cooperating
Sovika Aviation Services Pvt Ltd        Proposed BG        CRISIL A4+     300     Reaffirmed
Issuer Not Cooperating
Specialty Polyfilms India Pvt Ltd       BG                 CRISIL A4+     2.5     Reaffirmed
Specialty Polyfilms India Pvt Ltd       LOC                CRISIL A4+     2.5     Reaffirmed
The Rubber Products Ltd                 BG                 CRISIL A4      2.5     Reaffirmed
Issuer Not Cooperating
The Rubber Products Ltd                 LOC                CRISIL A4      12.5    Reaffirmed
Issuer Not Cooperating

MEDIUM TERM RATINGS:
-------------------
LIC Housing Finance Ltd                 FD Programme       FAAA           0       Reaffirmed

LONG TERM RATINGS:
-------------------
A.S. Steel Traders                      CC                 CRISIL BB-     200     Reaffirmed
Issuer Not Cooperating
Akshat Papers Ltd                       CC                 CRISIL B+      224     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Akshat Papers Ltd                       TL                 CRISIL B+      44      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Albus India Ltd                         CC                 CRISIL D       110     Reaffirmed
Issuer Not Cooperating
Albus India Ltd                         TL                 CRISIL D       110     Reaffirmed
Issuer Not Cooperating
Apollo Microsystems Pvt Ltd             CC                 CRISIL BB+     315     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Apollo Microsystems Pvt Ltd             Corporate Loan     CRISIL BB+     30      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Apollo Microsystems Pvt Ltd             LT Bk Fac          CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Apollo Microsystems Pvt Ltd             Proposed LT Bk     CRISIL BB+     350     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Apollo Microsystems Pvt Ltd             TL                 CRISIL BB+     182.1   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Arun Oil Trade                          CC                 CRISIL BBB-    100     Reaffirmed
Watch Developing
Avi Technologies                        CC                 CRISIL B       15      Reaffirmed
Issuer Not Cooperating
Avi Technologies                        LT Loan            CRISIL B       75      Reaffirmed
Issuer Not Cooperating
C. R. Jewellery                         CC                 CRISIL BB-     100     Reaffirmed
Issuer Not Cooperating
C. R. Jewellery                         Proposed CC Limit  CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating
DLF Ltd                                 NCD                CRISIL A       50000   Reaffirmed
Placed on Rating Watch with Developing Implications
DLF Ltd                                 Overdraft          CRISIL A       4150    Reaffirmed
Placed on Rating Watch with Developing Implications
DLF Ltd                                 TL                 CRISIL A       22500   Reaffirmed
Placed on Rating Watch with Developing Implications
Earth Solar Pvt Ltd                     TL                 CRISIL BB      190     Reaffirmed
Issuer Not Cooperating
Emerging Projects Pvt Ltd               CC                 CRISIL BB      15      Reaffirmed
Issuer Not Cooperating
Emerging Projects Pvt Ltd               TL                 CRISIL BB      105     Reaffirmed
Issuer Not Cooperating
Falcon Business Resources Pvt Ltd       Secured Overdraft  CRISIL B       66      Downgraded
                                        Fac                                       from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Falcon Business Resources Pvt Ltd       Secured Overdraft  CRISIL B       39      Downgraded
                                        against term                              from CRISIL
                                        deposits                                  BB+
Issuer Not Cooperating
Fresh Pet Pvt Ltd                       CC                 CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating
Fresh Pet Pvt Ltd                       Proposed LT Bk     CRISIL BB-     70      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Fresh Pet Pvt Ltd                       TL                 CRISIL BB-     25      Reaffirmed
Issuer Not Cooperating
Greta Steels Ltd                        CC                 CRISIL BB-     50      Reaffirmed
Issuer Not Cooperating
H.L. Agro Products Pvt Ltd              CC                 CRISIL B       500     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Indsil Hydro Power and Manganese Ltd    CC                 CRISIL BB+     380     Reaffirmed
Placed on Rating Watch with Negative Implications
Indsil Hydro Power and Manganese Ltd    LT Loan            CRISIL BB+     15      Reaffirmed
Placed on Rating Watch with Negative Implications
Indsil Hydro Power and Manganese Ltd    Rupee TL           CRISIL BB+     29.3    Reaffirmed
Placed on Rating Watch with Negative Implications
Indsil Hydro Power and Manganese Ltd    TL                 CRISIL BB+     90      Reaffirmed
Placed on Rating Watch with Negative Implications
Jai Durga Iron Pvt Ltd                  CC                 CRISIL BB-     120     Reaffirmed
Issuer Not Cooperating
Jai Durga Iron Pvt Ltd                  Proposed LT Bk     CRISIL BB-     45.5    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jai Durga Iron Pvt Ltd                  Standby LOC        CRISIL BB-     12      Reaffirmed
Issuer Not Cooperating
Kaleesuwari Jewellery Pvt Ltd           CC                 CRISIL BB-     180     Reaffirmed
Watch Developing
Kaleesuwari Jewellery Pvt Ltd           Proposed LT Bk     CRISIL BB-     120     Reaffirmed
                                        Loan Fac
Watch Developing
Kaleesuwari Refinery And Industry Pvt   CC                 CRISIL BBB-    500     Reaffirmed
Ltd
Watch Developing
Kaleesuwari Refinery And Industry Pvt   Proposed LT Bk     CRISIL BBB-    25      Reaffirmed
Ltd                                     Loan Fac
Watch Developing
Kaleesuwari Refinery And Industry Pvt   TL                 CRISIL BBB-    75      Reaffirmed
Ltd
Watch Developing
Kaleesuwari Refinery Pvt Ltd            LOC                CRISIL A-      2690    Reaffirmed
Watch Developing
Kaleesuwari Refinery Pvt Ltd            LT Loan            CRISIL A-      800     Reaffirmed
Watch Developing
Karnataka Hybrid Micro Devices Ltd      Overdraft          CRISIL BB      60      Reaffirmed
Issuer Not Cooperating
Karnataka Hybrid Micro Devices Ltd      Proposed WC Fac    CRISIL BB      20      Reaffirmed
Issuer Not Cooperating
LIC Housing Finance Ltd                 LT Bk Fac          CRISIL AAA     217650  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     250000  Assigned
LIC Housing Finance Ltd                 NCD                CRISIL AAA     50000   Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     100000  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     50000   Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     59760   Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     150000  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     200000  Reaffirmed
LIC Housing Finance Ltd                 NCD                CRISIL AAA     338330  Reaffirmed
LIC Housing Finance Ltd                 Tier II Bond       CRISIL AAA     17500   Reaffirmed
LIC Housing Finance Ltd                 Upper Tier II BondsCRISIL AAA     16000   Reaffirmed
M/s Daroga Pradhan                      CC                 CRISIL BBB-    80      Upgraded from
                                                                                  CRISIL BB
M/s Daroga Pradhan                      Proposed LT Bk     CRISIL BBB-    60      Upgraded from
                                        Loan Fac                                  CRISIL BB
Mahabir Prasad Agarwal                  CC                 CRISIL BB-     50      Assigned
Mehsana Dairy and Food Products Ltd     CC                 CRISIL B       70      Downgraded
                                                                                  from CRISIL B+
Mehsana Dairy and Food Products Ltd     TL                 CRISIL B       300     Downgraded
                                                                                  from CRISIL B+
Morinda Rice and Gen. Mills             CC                 CRISIL B+      50      Reaffirmed
Issuer Not Cooperating
Morinda Rice and Gen. Mills             Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Nezami Rekha Sea Foods Pvt Ltd          Bill Discounting   CRISIL BB      70      Assigned
Nezami Rekha Sea Foods Pvt Ltd          Standby Line of    CRISIL BB      20      Assigned
                                        Credit
Nezami Rekha Sea Foods Pvt Ltd          Proposed LT Bk     CRISIL BB      48.6    Assigned
                                        Loan Fac
Parasakti Orthocare                     CC                 CRISIL B+      50      Reaffirmed
Parasakti Orthocare                     Proposed CC Limit  CRISIL B+      10      Reaffirmed
Philips Lighting India Ltd              CC*                CRISIL AA      3050    Reaffirmed
*Fully interchangeable limit of Rs 300 crore with non-fund-based facilities
Prakash Auto Pvt Ltd                    Inventory Funding  CRISIL B+      160     Reaffirmed
                                        Fac
Prakash Auto Pvt Ltd                    Overdraft          CRISIL B+      3       Reaffirmed
Prakash Auto Pvt Ltd                    Proposed LT Bk     CRISIL B+      7       Assigned
                                        Loan Fac
Prem Infracity Pvt Ltd                  LT Loan            CRISIL D       280     Reaffirmed
Issuer Not Cooperating
Raghava Project Constructions Pvt Ltd   BG                 CRISIL D       32.5    Reaffirmed
Raghava Project Constructions Pvt Ltd   Overdraft          CRISIL D       32.5    Reaffirmed
Rai Bahadur Narain Singh Sugar Mills LtdCC                 CRISIL C       1810    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Rainbow Infrastructure Pvt Ltd          CC                 CRISIL B+      15      Reaffirmed
Issuer Not Cooperating
Rainbow Infrastructure Pvt Ltd          Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Raosahebdada Pawar Ghodganga Sahakari   Rupee TL           CRISIL B       760.7   Assigned
Sakhar Karkhana Ltd
Raosahebdada Pawar Ghodganga Sahakari   Sugar Pledge CC    CRISIL B       772.6   Assigned
Sakhar Karkhana Ltd
Rotocast Industries Ltd                 Proposed LT Bk     CRISIL BB      1       Assigned
                                        Loan Fac
Rotocast Industries Ltd                 CC                 CRISIL BB      150     Assigned
Satyawati Rice Mill                     CC                 CRISIL B       145     Reaffirmed
Issuer Not Cooperating
Satyawati Rice Mill                     Proposed LT Bk     CRISIL B       2.2     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Satyawati Rice Mill                     TL                 CRISIL B       2.8     Reaffirmed
Issuer Not Cooperating
Shreyas Relay Systems Ltd               CC                 CRISIL A-      150     Reaffirmed
Removed from Rating Watch with Negative Implications
Shreyas Relay Systems Ltd               Proposed FB Bk     CRISIL A-      30      Reaffirmed
                                        Limits
Removed from Rating Watch with Negative Implications
Shreyas Relay Systems Ltd               WC Demand Loan     CRISIL A-      100     Reaffirmed
Removed from Rating Watch with Negative Implications
Shreyas Shipping and Logistics Ltd      CC                 CRISIL A-      400     Reaffirmed
Shreyas Shipping and Logistics Ltd      Foreign Currency TLCRISIL A-      1295.7  Reaffirmed
Shreyas Shipping and Logistics Ltd      Proposed LT Bk     CRISIL A-      2146.7  Reaffirmed
                                        Loan Fac
Removed from Rating Watch with Developing Implications
Shreyas Shipping and Logistics Ltd      Rupee TL           CRISIL A-      317.6   Reaffirmed
Singhal Clearing And Forwarding         CC                 CRISIL B-      35      Reaffirmed
Services Pvt Ltd
Issuer Not Cooperating
Singhal Clearing And Forwarding         TL                 CRISIL B-      22.5    Reaffirmed
Services Pvt Ltd
Issuer Not Cooperating
Sovika Aviation Services Pvt Ltd        CC                 CRISIL BB-     100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sovika Aviation Services Pvt Ltd        Proposed CC Limit  CRISIL BB-     150     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sovika Aviation Services Pvt Ltd        Proposed TL        CRISIL BB-     10      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sovika Aviation Services Pvt Ltd        TL                 CRISIL BB-     40      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Specialty Polyfilms India Pvt Ltd       CC                 CRISIL BB      85      Reaffirmed
Specialty Polyfilms India Pvt Ltd       Proposed LT Bk     CRISIL BB      32.8    Reaffirmed
                                        Loan Fac
Specialty Polyfilms India Pvt Ltd       Rupee TL           CRISIL BB      3.6     Reaffirmed
The Rubber Products Ltd                 CC                 CRISIL C       45      Downgraded
                                                                                  from CRISIL B-
Issuer Not Cooperating
The Rubber Products Ltd                 Proposed LT Bk     CRISIL C       35      Downgraded
                                        Loan Fac                                  from CRISIL B-
Issuer Not Cooperating
Tres Mercari Pvt Ltd                    LT Loan            CRISIL B+      23.8    Assigned
Tres Mercari Pvt Ltd                    Overdraft          CRISIL B+      40      Assigned
--------------------------------------------------------------------------------------------
$: 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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