CRISIL ratings for Indian debt instruments-Jul 10
69
0
Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 9, 2018.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Aarti Industries Ltd LOC & BG CRISIL A1+ 2400 Reaffirmed
Aarti Industries Ltd CP CRISIL A1+ 4000 Reaffirmed
Aero Club BG CRISIL A3+ 32.2 Reaffirmed
Aero Club LOC CRISIL A3+ 873 Reaffirmed
Alaknanda Sponge Iron Ltd BG CRISIL A3 112.5 Assigned
Assigned, Suspension revoked
Alaknanda Sponge Iron Ltd Overdraft CRISIL A3 85 Assigned
Assigned, Suspension revoked
Balaji Associates - Nagpur BG CRISIL A4 52.6
Downgraded from CRISIL A4+
Centrum Broking Ltd BG CRISIL A3+ 700 Reaffirmed
Continues on 'Rating Watch with Positive Implications'
Centrum Broking Ltd Proposed ST Bk CRISIL A3+ 550 Reaffirmed
Loan Fac
Continues on 'Rating Watch with Positive Implications'
Fabtech Technologies International Ltd BG CRISIL A2 200 Reaffirmed
Fabtech Technologies International Ltd LOC & BG CRISIL A2 330 Reaffirmed
GKB Ophthalmics Ltd BG CRISIL A4 9 Reaffirmed
GKB Ophthalmics Ltd Export Bill CRISIL A4 10 Reaffirmed
Purchase
-Discounting
GKB Ophthalmics Ltd LOC CRISIL A4 52 Reaffirmed
Hero FinCorp Ltd CP CRISIL A1+ 40000
Jayashree Electromech Pvt Ltd BG CRISIL A4+ 50 Reaffirmed
Jayashree Electromech Pvt Ltd LOC CRISIL A4+ 20 Reaffirmed
Kanohar Electricals Ltd BG CRISIL A3+ 1400 Reaffirmed
Kanohar Electricals Ltd LOC CRISIL A3+ 200 Reaffirmed
Nowotek Textiles Pvt Ltd LOC CRISIL A4+ 15 Reaffirmed
Ramkamal Chemicals Pvt Ltd LOC CRISIL A4 20 Reaffirmed
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Srinivasa Raw & Par Boiled Rice Mill BG CRISIL A4 100 Assigned
Suam Overseas Pvt Ltd BG CRISIL A2 20 Reaffirmed
Suam Overseas Pvt Ltd Foreign Exchange CRISIL A2 15 Reaffirmed
Fac
Suam Overseas Pvt Ltd LOC CRISIL A2 30 Reaffirmed
Suam Overseas Pvt Ltd Sales Bill CRISIL A2 30 Reaffirmed
Discounting
Super Hi-Tech Engineers and Contractors BG CRISIL A4+ 65 Reaffirmed
Tamil Naadu Edible Oils Pvt Ltd LOC CRISIL A4 200 Reaffirmed
Issuer Not Cooperating
Tata Power Renewable Energy Ltd CP CRISIL A1+ 1000
Reassigned from CRISIL A1+ (SO)
Tata Power Renewable Energy Ltd CP CRISIL A1+ 9000 Reaffirmed
TKV Marketing India Pvt Ltd BG CRISIL A4+ 5 Reaffirmed
TKV Marketing India Pvt Ltd Packing Credit CRISIL A4+ 45 Reaffirmed
Uni Profiles Pvt Ltd BG CRISIL A4 5 Reaffirmed
Issuer Not Cooperating
Vishesh Overseas LOC & BG CRISIL A4+ 10
Migrated from 'CRISIL A4+'; Issuer Not Cooperating'
Windsor Refractories Ltd BG CRISIL A4+ 8 Reaffirmed
Windsor Refractories Ltd Bill Discounting CRISIL A4+ 15 Reaffirmed
Windsor Refractories Ltd Overdraft CRISIL A4+ 30 Reaffirmed
Windsor Refractories Ltd Packing Credit CRISIL A4+ 35 Reaffirmed
Windsor Refractories Ltd Proposed ST Bk CRISIL A4+ 2 Assigned
Loan Fac
Yasin Impex India Pvt Ltd LOC CRISIL A4+ 400
Migrated from 'CRISIL A4 Issuer Not Cooperating'
LONG TERM RATINGS:
-------------------
MEDIUM TERM RATINGS:
-------------------
Aarti Industries Ltd CC CRISIL AA- 7900 Reaffirmed
Aarti Industries Ltd Proposed CC Limit CRISIL AA- 670 Reaffirmed
Aarti Industries Ltd Proposed TL CRISIL AA- 1000 Reaffirmed
Aarti Industries Ltd TL CRISIL AA- 1650 Reaffirmed
Aarti Industries Ltd NCD CRISIL AA- 1000 Reaffirmed
Aarti Industries Ltd NCD CRISIL AA- 1000 Reaffirmed
Aarti Industries Ltd LT Borrowing CRISIL AA- 1000 Reaffirmed
Programme
Aero Club CC CRISIL BBB 2190 Reaffirmed
Outlook revised from 'Positive' and rating reaffirmed
Aero Club Proposed LT Bk CRISIL BBB 540 Reaffirmed
Loan Fac
Outlook revised from 'Positive' and rating reaffirmed
Aero Club WC Demand Loan CRISIL BBB 2270 Reaffirmed
Outlook revised from 'Positive' and rating reaffirmed
Alaknanda Sponge Iron Ltd CC CRISIL BBB- 87.5 Assigned
Assigned, Suspension revoked
Alaknanda Sponge Iron Ltd LT Loan CRISIL BBB- 172.5 Assigned
Assigned, Suspension revoked
Alaknanda Sponge Iron Ltd Proposed LT Bk CRISIL BBB- 2.5 Assigned
Loan Fac
Assigned, Suspension revoked
Balaji Associates - Nagpur CC CRISIL B+ 32.5
Downgraded from CRISIL BB-
Balaji Associates - Nagpur Proposed TL CRISIL B+ 77.4
Downgraded from CRISIL BB-
Balaji Associates - Nagpur TL CRISIL B+ 37.5 Assigned
Bharath Hi-Tecch Builders Pvt Ltd Rupee TL CRISIL BB 100 Assigned
Bhavani Erectors Pvt Ltd BG CRISIL BBB- 500
Rating reaffirmed and Withdrawn
Bhavani Erectors Pvt Ltd CC CRISIL BBB- 150
Rating reaffirmed and Withdrawn
Dugar Overseas Pvt Ltd Capex LOC CRISIL D 13
Rating reaffirmed and Withdrawn
Dugar Overseas Pvt Ltd CC CRISIL D 130
Rating reaffirmed and Withdrawn
Dugar Overseas Pvt Ltd Foreign LOC CRISIL D 157
Rating reaffirmed and Withdrawn
Dugar Overseas Pvt Ltd TL CRISIL D 95
Rating reaffirmed and Withdrawn
Dugar Overseas Pvt Ltd WC TL CRISIL D 15
Rating reaffirmed and Withdrawn
Elite Plast Autosystems Pvt Ltd CC CRISIL BB 7.5 Assigned
Elite Plast Autosystems Pvt Ltd Proposed LT Bk CRISIL BB 72.5 Assigned
Loan Fac
Fabtech Technologies International Ltd CC CRISIL BBB+ 150 Reaffirmed
Fabtech Technologies International Ltd Corporate Loan CRISIL BBB+ 50 Reaffirmed
Fabtech Technologies International Ltd Proposed LT Bk CRISIL BBB+ 210 Reaffirmed
Loan Fac
Frisco Global Pvt Ltd Export Bill CRISIL D 135
Purchase
Downgraded from 'CRISIL B+'
Frisco Global Pvt Ltd Export Bill CRISIL D 150
Purchase
-Discounting
Downgraded from 'CRISIL B+'
Frisco Global Pvt Ltd Export Packing CRISIL D 50
Credit
Downgraded from 'CRISIL B+'
Frisco Global Pvt Ltd TL CRISIL D 96
Downgraded from 'CRISIL B+'
GKB Ophthalmics Ltd CC CRISIL B 65 Reaffirmed
GKB Ophthalmics Ltd Export Packing CRISIL B 15
Credit
Reaffirmed
Hero FinCorp Ltd CC & WC demand loanCRISIL AA+ 18360 Reaffirmed
Hero FinCorp Ltd Proposed LT Bk CRISIL AA+ 5165 Reaffirmed
Loan Fac
Hero FinCorp Ltd TL CRISIL AA+ 6475 Reaffirmed
Hero FinCorp Ltd NCDs CRISIL AA+ 22000
Hero FinCorp Ltd Subordinate Debt CRISIL AA+ 5000
Jayashree Electromech Pvt Ltd CC CRISIL BB 90 Reaffirmed
Kanohar Electricals Ltd CC CRISIL BBB 200 Reaffirmed
Kanohar Electricals Ltd Proposed LT Bk CRISIL BBB 43 Reaffirmed
Loan Fac
Kanohar Electricals Ltd TL CRISIL BBB 17 Reaffirmed
Kansara Popatlal Tibhovandas Metal Pvt CC CRISIL B 100 Reaffirmed
Ltd
Issuer Not Cooperating
Kansara Popatlal Tibhovandas Metal Pvt Proposed LT Bk CRISIL B 51.5 Reaffirmed
Ltd Loan Fac
Issuer Not Cooperating
Kansara Popatlal Tibhovandas Metal Pvt TL CRISIL B 39.5 Reaffirmed
Ltd
Issuer Not Cooperating
Konark Projects Ltd Proposed LT Bk CRISIL BBB 993.5 Assigned
Loan Fac
Loomtex Fabrics CC CRISIL B 80 Reaffirmed
Issuer Not Cooperating
Loomtex Fabrics Proposed LT Bk CRISIL B 40 Reaffirmed
Loan Fac
Issuer Not Cooperating
M.M.Cotton Factory CC CRISIL B 30
Issuer Not Cooperating
M.M.Cotton Factory Rupee TL CRISIL B 3.7
Issuer Not Cooperating
M.M.Cotton Factory Warehouse FinancingCRISIL B 50
Issuer Not Cooperating
Mahavir Builders CC CRISIL B 100 Reaffirmed
Issuer Not Cooperating
Mahavir Builders Proposed LT Bk CRISIL B 100 Reaffirmed
Loan Fac
Issuer Not Cooperating
Maitri and Maitri Builders and Proposed TL CRISIL B 100 Reaffirmed
Developers
Issuer Not Cooperating
Mangang Constructions Pvt Ltd Proposed LT Bk CRISIL B 430 Reaffirmed
Loan Fac
Issuer Not Cooperating
Matsyodari Steel and Alloy Pvt Ltd CC CRISIL B 250 Reaffirmed
Issuer Not Cooperating
MBR Group LT Loan CRISIL B 500 Reaffirmed
Issuer Not Cooperating
Muthus Golden Rice Products Pvt Ltd CC CRISIL B 75 Reaffirmed
Issuer Not Cooperating
Muthus Golden Rice Products Pvt Ltd TL CRISIL B 22 Reaffirmed
Issuer Not Cooperating
N Kumar Projects and Infrastructure Pvt TL CRISIL B 650 Reaffirmed
Ltd
Issuer Not Cooperating
Navi Mumbai International Airport Pvt Proposed LT Bk CRISIL A+ 103000 Assigned
Ltd Loan Fac
Navkar Sugars CC CRISIL B 52.5 Reaffirmed
Issuer Not Cooperating
Navkar Sugars Proposed LT Bk CRISIL B 17.5 Reaffirmed
Loan Fac
Issuer Not Cooperating
Nowotek Textiles Pvt Ltd CC CRISIL BB- 65 Reaffirmed
Nowotek Textiles Pvt Ltd Proposed FB Bk CRISIL BB- 5 Reaffirmed
Limits
Nowotek Textiles Pvt Ltd TL CRISIL BB- 95 Reaffirmed
Pal Stone Industries Ltd CC CRISIL BBB- 250 Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Pal Stone Industries Ltd Standby Line of CRISIL BBB- 37.5 Reaffirmed
Credit
Outlook revised from 'Stable' and rating reaffirmed
Panipat Jalandhar NH-1 Tollway Pvt Ltd TL CRISIL B 36460
Upgraded from CRISIL D
Phoenix Poultry Proposed LT Bk CRISIL BBB+ 500 Assigned
Loan Fac
Radhe Girdhari Cold Storage Pvt Ltd CC CRISIL B 3 Reaffirmed
Radhe Girdhari Cold Storage Pvt Ltd LT Loan CRISIL B 56 Reaffirmed
Radhe Girdhari Cold Storage Pvt Ltd TL CRISIL B 18 Reaffirmed
Ramkamal Chemicals Pvt Ltd CC CRISIL B+ 70
Migrated from 'CRISIL B Issuer Not Cooperating'
SA Cashews CC CRISIL BB 60 Assigned
Sethia Oil Industries Ltd CC CRISIL BBB 150 Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Sethia Oil Industries Ltd Proposed LT Bk CRISIL BBB 14.8 Reaffirmed
Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Shiraj Timber Traders CC^ CRISIL D 255
Issuer Not Cooperating; Downgraded from 'CRISIL B-'; ^Fully interchangeable with letter of
credit
Shiraj Timber Traders LOC CRISIL D 145
Issuer Not Cooperating; Downgraded from 'CRISIL B-'
Shri Rani Sati Foods and Grains Pvt Ltd CC CRISIL B 80 Reaffirmed
Issuer Not Cooperating
Shri Rani Sati Foods and Grains Pvt Ltd Proposed LT Bk CRISIL B 20 Reaffirmed
Loan Fac
Issuer Not Cooperating
Shriram Industries and Exports Pvt Ltd Proposed LT Bk CRISIL B 10 Reaffirmed
Loan Fac
Issuer Not Cooperating
Shriram Industries and Exports Pvt Ltd TL CRISIL B 90 Reaffirmed
Issuer Not Cooperating
South Park Motor Pvt Ltd Drop Line CRISIL B- 100
Overdraft Fac
Migrated from 'CRISIL B+'; Issuer Not Cooperating'
South Park Motor Pvt Ltd Electronic Dealer CRISIL B- 150
Financing
Scheme(e-DFS)
Migrated from 'CRISIL B+'; Issuer Not Cooperating'
Sree Guru Raghavendra Farm TL CRISIL B 50 Reaffirmed
Issuer Not Cooperating
Sree Harsha Automotive Services Pvt Ltd Inventory Funding CRISIL B 70 Reaffirmed
Fac
Issuer Not Cooperating
Sree Harsha Automotive Services Pvt Ltd Proposed LT Bk CRISIL B 10 Reaffirmed
Loan Fac
Issuer Not Cooperating
Sri Ganesh Steels CC CRISIL B 80 Reaffirmed
Issuer Not Cooperating
Sri Ganesh Steels Proposed LT Bk CRISIL B 20 Reaffirmed
Loan Fac
Issuer Not Cooperating
Sri Gayathri Nature Cure Hospital Proposed LT Bk CRISIL D 50
Loan Fac
Issuer Not Cooperating; Downgraded from 'CRISIL B'
Sri Mahaganapathi Cashew Industries CC CRISIL B 50 Reaffirmed
Issuer Not Cooperating
Sri Murugar Spinning Mill CC CRISIL B 90 Reaffirmed
Issuer Not Cooperating
Sri Sai Lakshmi Rice Mill CC CRISIL B 56.5 Reaffirmed
Issuer Not Cooperating
Sri Sai Lakshmi Rice Mill Proposed WC Fac CRISIL B 51.5 Reaffirmed
Issuer Not Cooperating
Sri Sai Lakshmi Rice Mill TL CRISIL B 17 Reaffirmed
Issuer Not Cooperating
Sri Swami Chitrath Rice Mills CC CRISIL BB- 250
Upgraded from 'CRISIL B+'
Sri Venkateswara Rice Mill - Gollaprolu CC CRISIL B 39.5
Issuer Not Cooperating
Sri Venkateswara Rice Mill - Gollaprolu LT Loan CRISIL B 12
Issuer Not Cooperating
Sri Venkateswara Rice Mill - Gollaprolu Proposed LT Bk CRISIL B 11
Loan Fac
Issuer Not Cooperating
Sri Venkateswara Rice Mill - Gollaprolu SME Credit CRISIL B 2.5
Issuer Not Cooperating
Srinivasa Raw & Par Boiled Rice Mill CC CRISIL B 10 Assigned
Suam Overseas Pvt Ltd CC CRISIL BBB+ 190 Reaffirmed
Suam Overseas Pvt Ltd Export Packing CRISIL BBB+ 80 Reaffirmed
Credit
Suam Overseas Pvt Ltd TL CRISIL BBB+ 385 Reaffirmed
Super Hi-Tech Engineers and Contractors CC CRISIL BB- 60 Reaffirmed
Tamil Naadu Edible Oils Pvt Ltd CC CRISIL B 50 Reaffirmed
Issuer Not Cooperating
Tata Power Renewable Energy Ltd Proposed TL CRISIL AA- 5000 Reaffirmed
Tata Power Renewable Energy Ltd TL CRISIL AA- 5000 Reaffirmed
TKV Marketing India Pvt Ltd Foreign Bill CRISIL BB 42.5 Reaffirmed
Purchase
TKV Marketing India Pvt Ltd Overdraft CRISIL BB 5 Reaffirmed
TKV Marketing India Pvt Ltd Proposed LT Bk CRISIL BB 10 Reaffirmed
Loan Fac
TKV Marketing India Pvt Ltd Standby Line of CRISIL BB 17.5 Reaffirmed
Credit
Trans Volt Engineering CC CRISIL B 5 Reaffirmed
Issuer Not Cooperating
Trans Volt Engineering LT Loan CRISIL B 4.1 Reaffirmed
Issuer Not Cooperating
Trans Volt Engineering Proposed LT Bk CRISIL B 40.9 Reaffirmed
Loan Fac
Issuer Not Cooperating
Uni Profiles Pvt Ltd CC CRISIL B 35 Reaffirmed
Issuer Not Cooperating
Uni Profiles Pvt Ltd Proposed LT Bk CRISIL B 50.6 Reaffirmed
Loan Fac
Issuer Not Cooperating
Uni Profiles Pvt Ltd TL CRISIL B 9.4 Reaffirmed
Issuer Not Cooperating
United Wire Products CC CRISIL D 119.5 Reaffirmed
Issuer Not Cooperating
United Wire Products Proposed LT Bk CRISIL D 28.8 Reaffirmed
Loan Fac
Issuer Not Cooperating
United Wire Products TL CRISIL D 1.7 Reaffirmed
Issuer Not Cooperating
Vishesh Overseas Export Packing CRISIL BB- 160
Credit & Export
Bills Negotiation/Foreign Bill discounting*
Migrated from 'CRISIL BB-'; Issuer Not Cooperating' ; *Includes sublimit of Rs 8 crore for
packing credit/pre-shipment credit in foreign currency and Rs 10 crore for foreign bill
discounting
Vishesh Overseas Proposed FB Bk CRISIL BB- 30 Assigned
Limits
Migrated from 'CRISIL BB-'; Issuer Not Cooperating'
VJR Poultry Farms CC CRISIL B 15 Reaffirmed
Issuer Not Cooperating
VJR Poultry Farms LT Loan CRISIL B 36 Reaffirmed
Issuer Not Cooperating
VJR Poultry Farms Proposed LT Bk CRISIL B 49 Reaffirmed
Loan Fac
Issuer Not Cooperating
Yasin Impex India Pvt Ltd CC CRISIL BB- 50
Migrated from 'CRISIL B+ Issuer Not Cooperating'
--------------------------------------------------------------------------------------------
$: 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)
Source: reuters
