Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of December 19, 2019.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN)
—— ———- —— —– ———
SHORT TERM RATINGS:
——————-
Asian Sky Infrastructure Inc BG CRISIL A4+ 65 Assigned
Associated Cashew Industries Export Packing CRISIL A4+ 170 Reaffirmed
Credit
Beekay Engineering Corporation BG CRISIL A3+ 800 Reaffirmed
Beekay Engineering Corporation LOC CRISIL A3+ 200 Reaffirmed
Beekay Engineering Corporation LOC & BG CRISIL A3+ 230 Reaffirmed
BLS International Services Ltd BG CRISIL A2 225 Reaffirmed
C.S.Construction BG CRISIL A4+ 10 Withdrawn
(Issuer Not Cooperating)
Choice Cashew Industries Export Packing CRISIL A4+ 75 Reaffirmed
Credit
Choice Cashew Industries Proposed ST Bk CRISIL A4+ 14 Reaffirmed
Loan Fac
Choice Cashew Industries Standby Line of CRISIL A4+ 8 Reaffirmed
Credit
Cura Health Care Pvt Ltd BG CRISIL D 125 Downgraded
from ‘CRISIL
A4+
Gloster Ltd BG CRISIL A1+ 10 Reaffirmed
Gloster Ltd LOC CRISIL A1+ 280 Reaffirmed
Gloster Ltd Proposed BG CRISIL A1+ 60 Reaffirmed
Gloster Ltd CP CRISIL A1+ 500 Reaffirmed
Godrej Properties Ltd CP Programme CRISIL A1+ 15000 Reaffirmed
International Switchgears Pvt Ltd BG CRISIL A3 8 Assigned
Kiswok Industries Pvt Ltd BG CRISIL A2 50 –
(Issuer Not Cooperating)
Meringue Hotels Pvt Ltd LOC CRISIL A2+(CE) 50 Assigned
Nutrikraft India Pvt Ltd ST Loan CRISIL A2+ 500 Assigned
Precision Power Products India Pvt Ltd BG CRISIL A4+ 100 Reaffirmed
Rean Watertech Pvt Ltd BG CRISIL A3+ 705 Reaffirmed
Rud India Chain Pvt Ltd BG CRISIL A4+ 30 Reaffirmed
Rud India Chain Pvt Ltd Inland/Import LOC CRISIL A4+ 10 Reaffirmed
SOM Autotech Pvt Ltd BG CRISIL A4+ 14.2 Reaffirmed
T S Realtech Pvt Ltd BG CRISIL A4+ 25.8 Reassigned
Value Line Trade Pvt Ltd LOC CRISIL A4 46.5 Assigned
LONG TERM RATINGS:
——————-
Alpha Packaging Pvt Ltd Ratings – – –
CRISIL is yet to receive adequate information to enable it to undertake a rating review.
Andhra Bank Tier I Bonds CRISIL AA- 5000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier I Bonds CRISIL AA- 9000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier I Bonds CRISIL AA- 5000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier II Bonds CRISIL AA+ 10000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier II Bonds CRISIL AA+ 5000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier II Bonds CRISIL AA+ 5000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Tier II Bonds CRISIL AA+ 10000 –
(Under Basel III)
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Infrastructure CRISIL AA+ 10000 –
Bond Issue
(Placed on ‘Rating Watch with Developing Implication’)
Andhra Bank Perpetual Tier-I CRISIL AA+ 2000 –
Bonds (under Basel
II)
(Placed on ‘Rating Watch with Developing Implication’)
Ashok Iron Works Pvt Ltd CC CRISIL 450 Reaffirmed
A-/Stable
Ashok Iron Works Pvt Ltd Cash TL CRISIL 500 Reaffirmed
A-/Stable
Ashok Iron Works Pvt Ltd Proposed LT Bk CRISIL 338.3 Reaffirmed
Loan Fac A-/Stable
Asian Sky Infrastructure Inc TL CRISIL 10 Assigned
BB-/Stable
Asian Sky Infrastructure Inc Proposed FB Bk CRISIL 26.5 Assigned
Limits BB-/Stable
Asian Sky Infrastructure Inc CC CRISIL 10 Assigned
BB-/Stable
Associated Cashew Industries Export Packing CRISIL 20 Downgraded
Credit BB/Stable from ‘CRISIL
BB+/Stable
Beekay Engineering Corporation CC CRISIL 320 Reaffirmed
BBB/Negative
Beekay Engineering Corporation LT Loan CRISIL 75 Reaffirmed
BBB/Negative
Beekay Engineering Corporation Proposed LT Bk CRISIL 169.4 Reaffirmed
Loan Fac BBB/Negative
Bharat Hatcheries CC CRISIL 70 Reaffirmed
BB-/Stable
Bharat Hatcheries Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac BB-/Stable
Bharat Hatcheries TL CRISIL 20 Reaffirmed
BB-/Stable
C.S.Construction CC CRISIL 60 Withdrawn
BB/Stable
(Issuer Not Cooperating)
Choice Cashew Industries Export Packing CRISIL 15 Downgraded
Credit BB/Stable from ‘CRISIL
BB+/Stable
Clover Energy Pvt Ltd Proposed TL CRISIL 105.7 Upgraded from
B/Stable CRISIL D
Clover Energy Pvt Ltd TL CRISIL 2164 Upgraded from
B/Stable CRISIL D
Cura Health Care Pvt Ltd CC CRISIL D 250 Downgraded
from ‘CRISIL
BB+/Negative
Cura Health Care Pvt Ltd Proposed LT Bk CRISIL D 5 Downgraded
Loan Fac from ‘CRISIL
BB+/Negative
Gloster Ltd CC CRISIL 680 Reaffirmed
A+/Stable
Gloster Ltd LT Loan CRISIL 25 Reaffirmed
A+/Stable
Gloster Ltd Proposed CC Limit CRISIL 200 Reaffirmed
A+/Stable
Gloster Ltd WC Demand Loan CRISIL 120 Reaffirmed
A+/Stable
Gloster Ltd Proposed LT Bk CRISIL 125 Reaffirmed
Loan Fac A+/Stable
Hansa Travels Corporate Credit CCR BB+/Stable – –
Rating
(Issuer Not Cooperating)
International Switchgears Pvt Ltd Proposed BG CRISIL 112 Assigned
BBB-/Stable
International Switchgears Pvt Ltd Rupee TL CRISIL 100 Assigned
BBB-/Stable
International Switchgears Pvt Ltd Proposed CC Limit CRISIL 20 Assigned
BBB-/Stable
International Switchgears Pvt Ltd CC CRISIL 60 Assigned
BBB-/Stable
Kiswok Industries Pvt Ltd CC CRISIL 200 –
BBB+/Stable
(Issuer Not Cooperating)
Kuber Foods Proposed LT Bk CRISIL 53 Assigned
Loan Fac B+/Stable
Kuber Foods Foreign Bill CRISIL 20 Assigned
Discounting B+/Stable
Kuber Foods CC CRISIL 77 Assigned
B+/Stable
Kuber Foods Export Packing CRISIL 20 Assigned
Credit B+/Stable
Leap Green Energy Pvt Ltd TL CRISIL 310 Withdrawn
B/Stable
Lotus Clean Power Venture Pvt Ltd TL CRISIL 1294.6 Upgraded from
B/Stable CRISIL D
Maple Renewable Power Pvt Ltd TL CRISIL 1788.2 Upgraded from
B/Stable CRISIL D
Meringue Hotels Pvt Ltd TL CRISIL 2000 Assigned
A-(CE)/Stable
Meringue Hotels Pvt Ltd Overdraft CRISIL 100 Assigned
A-(CE)/Stable
Nature Nursery TL CRISIL 120 Withdrawn
B+/Stable
Nutrikraft India Pvt Ltd CC CRISIL 300 Assigned
A-/Stable
Nutrikraft India Pvt Ltd WC Fac CRISIL 200 Assigned
A-/Stable
Orchid Renewable Powertech Pvt Ltd TL CRISIL B/Stable1640 Upgraded from
CRISIL D’
Orchid Renewable Powertech Pvt Ltd Proposed TL CRISIL 10 Upgraded from
B/Stable CRISIL D’
Prasad Seeds Pvt Ltd Bill Discounting CRISIL 105 Reaffirmed
BBB+/Stable
Prasad Seeds Pvt Ltd LT Loan CRISIL 893.2 Reaffirmed
BBB+/Stable
Prasad Seeds Pvt Ltd Proposed LT Bk CRISIL 29.2 Reaffirmed
Loan Fac BBB+/Stable
Precision Power Products India Pvt Ltd CC CRISIL 60 Reaffirmed
BB/Stable
Raipur Motor Engineering Works CC CRISIL 150 Reaffirmed
BB-/Stable
Rean Watertech Pvt Ltd CC CRISIL 115 Reaffirmed
BBB/Stable
Rud India Chain Pvt Ltd CC CRISIL 75 Reaffirmed
BB/Stable
Rud India Chain Pvt Ltd Proposed CC Limit CRISIL 15 Reaffirmed
BB/Stable
Rud India Chain Pvt Ltd Proposed LT Bk CRISIL 12 Reaffirmed
Loan Fac BB/Stable
Rud India Chain Pvt Ltd Rupee TL CRISIL 7.8 Reaffirmed
BB/Stable
Santhana Lakshmi Renewable Energy Pvt TL CRISIL B/Stable70 Assigned
Ltd
Saptrishi Realtors Proposed TL CRISIL 250 Assigned
B+/Stable
Shriprop Dwellers Pvt Ltd Ratings – – –
CRISIL is yet to receive adequate information to enable it to undertake a rating review.
SOM Autotech Pvt Ltd CC CRISIL 150 Reaffirmed
BB/Stable
SOM Autotech Pvt Ltd TL CRISIL 195.8 Reaffirmed
BB/Stable
South Park Motor Pvt Ltd Drop Line CRISIL 100 Withdrawn
Overdraft Fac B-/Stable
(Issuer Not Cooperating)
South Park Motor Pvt Ltd Electronic Dealer CRISIL 150 Withdrawn
Financing B-/Stable
Scheme(e-DFS)
(Issuer Not Cooperating)
Sudhamoy Agro Industry Pvt Ltd TL CRISIL 10 Assigned
B/Stable
Sudhamoy Agro Industry Pvt Ltd CC CRISIL 35 Assigned
B/Stable
Sudhamoy Agro Industry Pvt Ltd Proposed LT Bk CRISIL 55 Assigned
Loan Fac B/Stable
Sugam Vanijya Holdings Pvt Ltd Ratings – – –
CRISIL is yet to receive adequate information to enable it to undertake a rating review.
T S Realtech Pvt Ltd Cash TL CRISIL 90 Reaffirmed
BB+/Stable
T S Realtech Pvt Ltd Proposed LT Bk CRISIL 104.2 Reaffirmed
Loan Fac BB+/Stable
Trinity Buildcon (India) Pvt Ltd Ratings – – –
CRISIL is yet to receive adequate information to enable it to undertake a rating review.
United Bank of India Perpetual Tier-I CRISIL A- 3000 Placed on
Bonds (under Basel Rating Watch
II) with Positive
Implications
United Bank of India Tier II Bonds CRISIL A+ 5000 Placed on
(Under Basel III) Rating Watch
with Positive
Implications
United Bank of India Tier II Bonds CRISIL A+ 5000 Placed on
(Under Basel III) Rating Watch
with Positive
Implications
United Bank of India Tier II Bonds CRISIL A+ 5000 Placed on
(Under Basel III) Rating Watch
with Positive
Implications
United Bank of India Lower Tier-II CRISIL A+ 2000 Placed on
Bonds (under Basel Rating Watch
II) with Positive
Implications
Value Line Trade Pvt Ltd TL CRISIL 16.4 Assigned
B+/Stable
Value Line Trade Pvt Ltd Proposed LT Bk CRISIL 2.1 Assigned
Loan Fac B+/Stable
Value Line Trade Pvt Ltd CC CRISIL 40 Assigned
B+/Stable
Violet Green Power Pvt Ltd TL CRISIL 660 Reaffirmed
B/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)
