CRISIL ratings for Indian debt instruments-Dec 8

Published 08-12-2016, 11:34 am
Updated 08-12-2016, 12:10 pm
© Reuters.  CRISIL ratings for Indian debt instruments-Dec 8

Dec 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of December 7, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Amol Pharmaceuticals Pvt Ltd

Bill Discounting CRISIL A4+

70

Reaffirmed Amol Pharmaceuticals Pvt Ltd

LOC

CRISIL A4+

100

Reaffirmed Bajaj Finance (NS:BJFN) Ltd

ST Bk Fac

CRISIL A1+

2.75

Reaffirmed Balwindra Tools Pvt Ltd

Export Packing

CRISIL A4

62.5

Suspended

Credit BLS Ecotech Ltd

LOC

CRISIL A3+

50

Raassigned Cera Sanitaryware Ltd

ST Debt (Including CRISIL A1+

300

Reaffirmed

CP) Cochin Veneers

LOC

CRISIL A4

40

Assigned Concept Shapers and Electronics Pvt Ltd BG

CRISIL A4

50

Reaffirmed Concept Shapers and Electronics Pvt Ltd LOC

CRISIL A4

50

Reaffirmed Coromandel International Ltd

Buyer Credit Limit^CRISIL A1+

4000

Reaffirmed ^ Fully interchangeable with FB limits and Letter of credit & Bank Guarantee Coromandel International Ltd

Buyer Credit Limit CRISIL A1+

6000

Reaffirmed Coromandel International Ltd

LOC & BG^^

CRISIL A1+

2500

Reaffirmed ^^ Fully interchangeable with FB limits and Buyers Credit Coromandel International Ltd

LOC & BG##

CRISIL A1+

7400

Reaffirmed # Fully Interchangeable with LC & Buyers Credit limits Coromandel International Ltd

LOC & BG*

CRISIL A1+

8000

Reaffirmed

* Interchangeable to Fund Based Facility upto Rs.1000 million Coromandel International Ltd

LOC & BG

CRISIL A1+

18000 Reaffirmed Coromandel International Ltd

LOC & BG*##

CRISIL A1+

2500

Reaffirmed ## Fully Interchangeable with Buyers Credit limits,* Interchangeable to Fund Based Facility upto Rs.1000 million Coromandel International Ltd

ST Loan

CRISIL A1+

2000

Reaffirmed Hindustan Agro Products Pvt Ltd

LOC

CRISIL A4

6.9

Reaffirmed IKM Investors Pvt Ltd

BG*

CRISIL A2

650

Reaffirmed

* Interchangeable with short-term loan. IKM Investors Pvt Ltd

BG

CRISIL A2

200

Reaffirmed Jolly Spinning Mills Pvt Ltd

BG

CRISIL A4+

25

Suspended Kailash Overseas

Inland/Import LOC CRISIL A4

55

Suspended Kajah Trading Pvt Ltd

Overdraft Fac

CRISIL A4

50

Reaffirmed Kuku Exports

Bill Discounting CRISIL A4

25

Suspended Kuku Exports

Export Packing

CRISIL A4

60

Suspended

Credit Kuntal Granites Pvt Ltd

BG

CRISIL A4

3

Downgraded

from CRISIL A4 Kuntal Granites Pvt Ltd

LOC

CRISIL A4

15

Downgraded

from CRISIL A4 Landmark Engineer

BG

CRISIL A4+

100

Reaffirmed Maheshwari Technocast Ltd

BG

CRISIL A4

1

Suspended Maheshwari Technocast Ltd

LOC

CRISIL A4

10

Suspended Mobile Communications India Pvt Ltd

BG

CRISIL A4+

170

Suspended Nand Hospitality Pvt Ltd

BG

CRISIL A4

6

Reaffirmed Nash Robotics and Automation Pvt Ltd

BG

CRISIL A4+

50

Suspended Nash Robotics and Automation Pvt Ltd

LOC

CRISIL A4+

20

Suspended Nekkanti Sea Foods Ltd

BG

CRISIL A2+

69

Reaffirmed Nekkanti Sea Foods Ltd

Import LOC Limit CRISIL A2+

5

Reaffirmed Nekkanti Sea Foods Ltd

LOC

CRISIL A2+

5

Reaffirmed P. D. Agarwal

BG

CRISIL A4+

200

Reaffirmed Paulose George Construction Company Pvt BG

CRISIL A4+

300

Reaffirmed Ltd R. H. Laboratories

LOC & BG

CRISIL A4+

2.5

Suspended Rashi Granite Exports India Pvt Ltd

BG*

CRISIL A4+

10

Suspended *50 per cent two-way interchangeability between fund-based and non-fund-based limits Rashi Granite Exports India Pvt Ltd

Foreign Exchange CRISIL A4+

9.6

Suspended

Forward Rashi Granite Exports India Pvt Ltd

LOC*

CRISIL A4+

50

Suspended *50 per cent two-way interchangeability between fund-based and non-fund-based limits Rosata Vitrified Pvt Ltd

BG

CRISIL A4

24

Assigned Shiva Structures Pvt Ltd

BG

CRISIL A4

60

Suspended Shivshakti Construction Company

BG

CRISIL A4+

19

Suspended Sun Particle Board Pvt Ltd

BG

CRISIL A4

5.5

Suspended Sunder Overseas-Prop. Chandresh Finance BG

CRISIL A4+

17.5

Suspended Ltd. Supreme Road Transport Pvt Ltd

Letter Of GuaranteeCRISIL A4+

30

Suspended Thomas Cook (NS:THOM) India Ltd

BG##

CRISIL A1+

2765

Reaffirmed ## Facility of Rs 1635 million interchangeable with letter of credit to the extent of Rs 250 million Thomas Cook India Ltd

LOC^^

CRISIL A1+

1900

Reaffirmed ^^ Facility of Rs 350 million interchangeable with overdraft limit and bills discounting to the extent of Rs 300 million and Rs 50 million, respectively; facility of Rs 1000 million interchangeable with bank guarantee and post-shipment credit in foreign currency (PSFC) to the extent of Rs 250 million Thomas Cook India Ltd

Overdraft Fac@

CRISIL A1+

1425

Reaffirmed @ Facility of Rs 335 million equivalent of USD 5 million; facility of Rs 490 million interchangeable with Letter of Credit to the extent of Rs 250 million; facility of Rs 500 million interchangeable with Letter of Credit Utsah Engineering Pvt Ltd

BG

CRISIL A3+

20

Reaffirmed Utsah Engineering Pvt Ltd

LOC

CRISIL A3+

20

Reaffirmed LONG TERM RATINGS: ------------------- Amol Pharmaceuticals Pvt Ltd

CC

CRISIL BB+

50

Reaffirmed Amol Pharmaceuticals Pvt Ltd

Proposed LT Bk

CRISIL BB+

132.5 Reaffirmed

Loan Fac Arjun Enterprises Ltd

CC

CRISIL B+

37.5

Reaffirmed Arjun Enterprises Ltd

Proposed CC Limit CRISIL B+

37.5

Notice of

Withdrawal Asian Organo Industries

CC

CRISIL B+

70

Suspended Asian Organo Industries

Standby Line of

CRISIL B+

7.5

Suspended

Credit Asian Organo Industries

TL

CRISIL B+

8

Suspended Bajaj Finance Ltd

CC & WC demand loanCRISIL AAA

29.5

Reaffirmed Bajaj Finance Ltd

LT Bk Fac

CRISIL AAA

135.5804Reaffirmed Bajaj Finance Ltd

Proposed LT Bk

CRISIL AAA

42.1696 Reaffirmed

Loan Fac Balwindra Tools Pvt Ltd

CC

CRISIL B

10

Suspended Balwindra Tools Pvt Ltd

LT Loan

CRISIL B

14.7

Suspended Balwindra Tools Pvt Ltd

Proposed LT Bk

CRISIL B

16.3

Suspended

Loan Fac BLS Ecotech Ltd

CC

CRISIL BBB

500

Upgraded from

CRISIL BBB- BLS Ecotech Ltd

Proposed LT Bk

CRISIL BBB

15.8

Upgraded from

Loan Fac

CRISIL BBB- BLS Ecotech Ltd

TL

CRISIL BBB

784.2 Upgraded from

CRISIL BBB- Cochin Veneers

CC

CRISIL B-

14

Assigned Concept Shapers and Electronics Pvt Ltd CC

CRISIL B+

50

Reaffirmed Concept Shapers and Electronics Pvt Ltd LT Loan

CRISIL B+

28

Assigned Coromandel International Ltd

CC@

CRISIL AA+

7500

Reaffirmed @ Fully Interchangeable with Short Term Loan and one way interchangeable to NFB limits & Buyers Credit Coromandel International Ltd

CC$

CRISIL AA+

6500

Reaffirmed $ Fully Interchangeable with Short Term Loan, NFB and BC limits Coromandel International Ltd

CC#

CRISIL AA+

500

Reaffirmed Coromandel International Ltd

CC%

CRISIL AA+

4700

Reaffirmed % Fully Interchangeable with LC, BG, Short Term Loan and Buyers Credit Coromandel International Ltd

Proposed FB Bk

CRISIL AA+

2400

Reaffirmed

Limits Eldee Motors

CC

CRISIL B+

37.5

Suspended Eldee Motors

Electronic Dealer CRISIL B+

36.5

Suspended

Financing

Scheme(e-DFS) Eldee Motors

TL

CRISIL B+

16

Suspended Fortune Tire Tech Ltd

CC

CRISIL B+

17

Suspended Fortune Tire Tech Ltd

Proposed LT Bk

CRISIL B+

35.8

Suspended

Loan Fac Fortune Tire Tech Ltd

Rupee TL

CRISIL B+

97.2

Suspended H. K. Industries

CC

CRISIL B+

50

Notice of

Withdrawal H. K. International

CC

CRISIL B+

45

Notice of

Withdrawal H. K. International

Proposed CC Limit CRISIL B+

30

Notice of

Withdrawal Hindustan Agro Products Pvt Ltd

CC

CRISIL B+

80

Reaffirmed Infinity Realty India Pvt Ltd

TL

CRISIL BB-

100

Suspended Jai Ambe Quality Sugar

CC

CRISIL B+

90

Reaffirmed Jolly Spinning Mills Pvt Ltd

CC

CRISIL BB-

30

Suspended Jolly Spinning Mills Pvt Ltd

Proposed LT Bk

CRISIL BB-

3

Suspended

Loan Fac Jolly Spinning Mills Pvt Ltd

TL

CRISIL BB-

438

Suspended Kailash Overseas

CC

CRISIL B

25

Suspended Kajah Trading Pvt Ltd

Proposed LT Bk

CRISIL B+

5

Reaffirmed

Loan Fac Kedareshwar Fibers

CC

CRISIL BB-

72.5

Reaffirmed Kedareshwar Fibers

TL

CRISIL BB-

12

Reaffirmed KNS Infrastructure Pvt Ltd

LT Loan

CRISIL BB-

373.1 Suspended Krishnaiah Motors Pvt Ltd

CC

CRISIL BB-

100

Suspended Krishnaiah Motors Pvt Ltd

Proposed LT Bk

CRISIL BB-

50

Suspended

Loan Fac Kuntal Granites Pvt Ltd

Export Packing

CRISIL B+

170

Downgraded

Credit

from CRISIL

BB- Kuntal Granites Pvt Ltd

Proposed LT Bk

CRISIL B+

18.7

Downgraded

Loan Fac

from CRISIL

BB- Kuntal Granites Pvt Ltd

TL

CRISIL B+

63.3

Downgraded

from CRISIL

BB- Kwality Overseas Pvt Ltd

CC

CRISIL BB

125

Suspended Landmark Engineer

CC

CRISIL BB

30

Reaffirmed Maheshwari Technocast Ltd

CC

CRISIL B

30

Suspended Maheshwari Technocast Ltd

TL

CRISIL B

19

Suspended Manav Sevarth Trust

CC

CRISIL BBB+

40

Suspended Manav Sevarth Trust

Proposed LT Bk

CRISIL BBB+

105.2 Suspended

Loan Fac Manav Sevarth Trust

TL

CRISIL BBB+

74.8

Suspended Mobile Communications India Pvt Ltd

CC

CRISIL BB

20

Suspended Mobile Communications India Pvt Ltd

Proposed LT Bk

CRISIL BB

10

Suspended

Loan Fac Mother Industries

CC

CRISIL B

40

Reaffirmed Mother Industries

TL

CRISIL B

50

Reaffirmed Mother Industries

CC

CRISIL B

40

Reaffirmed Mother Industries

TL

CRISIL B

50

Reaffirmed Nand Hospitality Pvt Ltd

CC

CRISIL B+

3.2

Reaffirmed Nand Hospitality Pvt Ltd

Proposed LT Bk

CRISIL B+

1.3

Reaffirmed

Loan Fac Nand Hospitality Pvt Ltd

TL

CRISIL B+

234.5 Reaffirmed Narendra Emporis Ltd

CC

CRISIL BB

150

Assigned Nash Robotics and Automation Pvt Ltd

CC

CRISIL BB+

80

Suspended Nash Robotics and Automation Pvt Ltd

Proposed LT Bk

CRISIL BB+

29.5

Suspended

Loan Fac Nash Robotics and Automation Pvt Ltd

TL

CRISIL BB+

10.5

Suspended Nekkanti Sea Foods Ltd

CC

CRISIL A-

250

Reaffirmed Nekkanti Sea Foods Ltd

Export Packing

CRISIL A-

1300

Reaffirmed

Credit Nekkanti Sea Foods Ltd

Foreign LOC

CRISIL A-

121

Reaffirmed Nekkanti Sea Foods Ltd

Proposed LT Bk

CRISIL A-

110

Reaffirmed

Loan Fac Nekkanti Sea Foods Ltd

Standby LOC

CRISIL A-

139

Reaffirmed Nekkanti Sea Foods Ltd

TL

CRISIL A-

51

Reaffirmed North India Steel Company

CC

CRISIL BB-

100

Reaffirmed North India Steel Company

Proposed LT Bk

CRISIL BB-

10

Reaffirmed

Loan Fac P. D. Agarwal

CC

CRISIL BB+

50

Upgraded from

CRISIL BB Paulose George Construction Company Pvt CC

CRISIL BB

60

Reaffirmed Ltd Premier Agri Foods Pvt Ltd

CC

CRISIL BB

200

Suspended Premier Agri Foods Pvt Ltd

TL

CRISIL BB

15.2

Suspended R. H. Laboratories

CC

CRISIL BB-

77.5

Suspended R. H. Laboratories

Standby Line of

CRISIL BB-

3

Suspended

Credit R. H. Laboratories

TL

CRISIL BB-

2

Suspended Raju Chilukuri

CC

CRISIL BB-

70

Suspended Rashi Granite Exports India Pvt Ltd

Export Packing

CRISIL BB+

50

Suspended

Credit* *50 per cent two-way interchangeability between fund-based and non-fund-based limits Rosata Vitrified Pvt Ltd

LT Loan

CRISIL B+

195

Assigned Rosata Vitrified Pvt Ltd

CC

CRISIL B+

60

Assigned Samal Auto India Pvt Ltd

CC

CRISIL BB

80

Reaffirmed Samal Auto India Pvt Ltd

Channel Financing CRISIL BB

227.5 Reaffirmed Samal Auto India Pvt Ltd

Line of Credit

CRISIL BB

10

Reaffirmed Sarda Dairy & Food Products Pvt Ltd

CC

CRISIL BB-

40

Downgraded

from CRISIL

BBB- Sarda Dairy & Food Products Pvt Ltd

TL

CRISIL BB-

593.1 Downgraded

from CRISIL

BBB- Shanti Sheet Grah Pvt Ltd

CC

CRISIL B

25

Assigned Shanti Sheet Grah Pvt Ltd

TL

CRISIL B

120

Assigned Shiva Structures Pvt Ltd

CC

CRISIL B

50

Suspended Shiva Structures Pvt Ltd

TL

CRISIL B

250

Suspended Shivshakti Construction Company

CC

CRISIL BB

30

Suspended Shivshakti Construction Company

Overdraft Fac

CRISIL BB

1

Suspended Shivshakti Construction Company

Proposed CC Limit CRISIL BB

20

Suspended Somani Motors Pvt Ltd

CC

CRISIL B+

7.5

Reaffirmed Somani Motors Pvt Ltd

Electronic Dealer CRISIL B+

52.5

Reaffirmed

Financing

Scheme(e-DFS) Somani Motors Pvt Ltd

Proposed LT Bk

CRISIL B+

20

Reaffirmed

Loan Fac Sri Surya Educational Society

LT Loan

CRISIL BB-

103.5 Reaffirmed Sri Surya Educational Society

Overdraft Fac

CRISIL BB-

46.5

Reaffirmed Sun Particle Board Pvt Ltd

CC

CRISIL B-

20

Suspended Sun Particle Board Pvt Ltd

TL

CRISIL B-

73.5

Suspended Sunder Overseas-Prop. Chandresh Finance CC

CRISIL BB-

45

Suspended Ltd. Supreme Road Transport Pvt Ltd

CC

CRISIL BB-

120

Suspended Supreme Road Transport Pvt Ltd

Proposed LT Bk

CRISIL BB-

20

Suspended

Loan Fac Suresh Angadi Education Foundation

Rupee TL

CRISIL D

170

Suspended TCI Express Ltd

BG

CRISIL A+

100

Reaffirmed TCI Express Ltd

CC

CRISIL A+

600

Reaffirmed TCI Express Ltd

Proposed LT Bk

CRISIL A+

300

Reaffirmed

Loan Fac Thomas Cook India Ltd

CC**

CRISIL AA-

650

Reaffirmed ** Fully interchangeable with working capital demand loan (WCDL), commercial paper, and letter of credit (LC) Thomas Cook India Ltd

Overdraft Fac@@

CRISIL AA-

650

Reaffirmed @@ Facility of Rs 150 million interchangeable with WCDL to the extent of Rs 120 million; facilities of Rs 500 million interchangeable with WCDL and Short Term Loans, Rs 300 million with Bank Guarantee and Rs 100 million with Letter of Credit. Universal LSS Exports India Pvt Ltd

Bill Discounting CRISIL D

400

Suspended Universal LSS Exports India Pvt Ltd

Proposed ST Bk

CRISIL D

100

Suspended

Loan Fac Utsah Engineering Pvt Ltd

CC

CRISIL BBB

90

Reaffirmed Utsah Engineering Pvt Ltd

Proposed LT Bk

CRISIL BBB

10

Reaffirmed

Loan Fac Utsah Engineering Pvt Ltd

TL

CRISIL BBB

20

Reaffirmed Varsha Construction

Proposed LT Bk

CRISIL BB-

65

Suspended

Loan Fac Vindsor Management Consultants Pvt Ltd CC

CRISIL B+

155

Suspended Vindsor Management Consultants Pvt Ltd LT Loan

CRISIL B+

101

Suspended Vindsor Management Consultants Pvt Ltd Proposed LT Bk

CRISIL B+

175

Suspended

Loan Fac Vindsor Management Consultants Pvt Ltd WC TL

CRISIL B+

69

Suspended -------------------------------------------------------------------------------------------- $: 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.