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  5. CRISIL ratings for Indian debt instruments-Jul 10
CRISIL ratings for Indian debt instruments-Jul 10

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
Anand Gupta Editor - EQ Int'l Media Network

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