CRISIL ratings for Indian debt instruments-Nov 16

Published 16-11-2016, 02:10 pm
© Reuters.  CRISIL ratings for Indian debt instruments-Nov 16

Nov 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 15, 2016. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Aerobok Shoe Pvt Ltd

LOC

CRISIL A3+

50

Reaffirmed Ankit India Ltd

BG

CRISIL A3+

195

Suspended Ankit India Ltd

LOC

CRISIL A3+

5

Suspended Aqualite Rubbers and Plastics Pvt Ltd Foreign Exchange CRISIL A3+

1.8

Reaffirmed

Forward BDS Projects India Pvt Ltd

Letter Of GuaranteeCRISIL A4+

72.5

Upgraded from

CRISIL A4 Chetak Autoengineering Products Company BG

CRISIL A4+

1

Suspended Pvt Ltd Electronet Equipments Pvt Ltd

BG

CRISIL A4

40

Reaffirmed Electronet Equipments Pvt Ltd

Bill Discounting CRISIL A4

10

Reaffirmed

under LOC Freedom Footwear Pvt Ltd

LOC

CRISIL A3+

50

Reaffirmed Ganpati Sugar Industries Ltd

BG

CRISIL A4+

40

Suspended Inderdeep Construction Co.

BG

CRISIL A4+

150

Reaffirmed Inderdeep Construction Co.

Overdraft Fac

CRISIL A4+

65

Reaffirmed Kalliyath Developers Pvt Ltd

BG

CRISIL A4

25

Suspended Maheswari Brothers Coal Ltd

LOC & BG

CRISIL A4+

900

Suspended Maheswari Brothers Coal Ltd

Proposed LOC & BG CRISIL A4+

470

Suspended Matsya Automobiles Ltd

BG

CRISIL A4

5

Suspended Meghmani Industries Ltd

BG^

CRISIL A1

20

Reaffirmed ^ Fully interchangeable with letter of credit Meghmani Industries Ltd

Foreign Exchange CRISIL A1

85

Reaffirmed

Fac Meghmani Industries Ltd

LOC

CRISIL A1

300

Reaffirmed Meghmani Industries Ltd

CP

CRISIL A1

250

Reaffirmed Nestle India Ltd

ST Debt

CRISIL A1+

7000

Reaffirmed NSL Textiles Ltd

LOC & BG

CRISIL D

933.6 Downgraded

from CRISIL A4 Olivia Impex Pvt Ltd

BG

CRISIL A3+

5

Upgraded from

CRISIL A3 Olivia Impex Pvt Ltd

LOC

CRISIL A3+

425

Upgraded from

CRISIL A3 Olivia Impex Pvt Ltd

Proposed ST Bk

CRISIL A3+

135

Upgraded from

Loan Fac

CRISIL A3 Om Prakash Amarnath

BG

CRISIL A4

70

Suspended Opal Polymers Pvt Ltd

LOC

CRISIL A3+

30

Reaffirmed Pradeep Stainless India Pvt Ltd

LOC

CRISIL A3

70

Reaffirmed Pradeep Stainless India Pvt Ltd

Packing Credit

CRISIL A3

80

Reaffirmed Puneet Iron and Steel Pvt Ltd

BG

CRISIL A4+

80

Suspended Rangsons Electronics Pvt Ltd

BG

CRISIL A1+(SO) 803.2 Assigned Rangsons Electronics Pvt Ltd

LOC

CRISIL A1+(SO) 300

Assigned Rangsons Electronics Pvt Ltd

Packing Credit in CRISIL A1+(SO) 240

Assigned

Foreign Currency Rathi Dye Chem Pvt Ltd

BG

CRISIL A4+

2.5

Reaffirmed S P P Food Products Pvt Ltd

BG

CRISIL A3

20

Reaffirmed S P P Food Products Pvt Ltd

LOC

CRISIL A3

15

Reaffirmed SEED Infotech Ltd

BG

CRISIL A3

15

Reaffirmed Shanti Construction Co.

BG

CRISIL A3

680

Reaffirmed Sonia Fisheries

BG

CRISIL A4

1.5

Reaffirmed Sonia Fisheries

Packing Credit

CRISIL A4

140

Reaffirmed Sonia Fisheries

BG

CRISIL A4

1.5

Reaffirmed Sonia Fisheries

Packing Credit

CRISIL A4

140

Reaffirmed Swiss Singapore India Pvt Ltd

Non-FBL^

CRISIL A1

500

Reaffirmed ^Interchangeable between fund based and non-fund based facilities The India Thermit Corporation Ltd

BG

CRISIL A2+

720

Reaffirmed The India Thermit Corporation Ltd

Buyer Credit Limit CRISIL A2+

70

Reaffirmed The India Thermit Corporation Ltd

Foreign LOC

CRISIL A2+

50

Reaffirmed 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 Trident (NS:TRIE) Chemphar Ltd

LOC

CRISIL A2

2850

Suspended Veejay Lakshmi Engineering Works Ltd

LOC & BG

CRISIL A3

120

Reaffirmed Yogeshwar Timber Mart

LOC

CRISIL A4

60

Assigned Yogeshwar Timber Mart

Overdraft Fac

CRISIL A4

5.3

Assigned LONG TERM RATINGS: ------------------- 3D Technopack Ltd

CC

CRISIL BB

130

Assigned Aerobok Shoe Pvt Ltd

CC

CRISIL BBB

230

Reaffirmed Aerobok Shoe Pvt Ltd

TL

CRISIL BBB

60

Reaffirmed Agri Best India Pvt Ltd

CC

CRISIL B+

100

Suspended Agri Best India Pvt Ltd

Warehouse Receipts CRISIL B+

70

Suspended Anandtara Properties

TL

CRISIL BB

70

Reaffirmed Ankit India Ltd

CC

CRISIL BBB

450

Suspended Ankit India Ltd

Proposed LT Bk

CRISIL BBB

100.8 Suspended

Loan Fac Ankit India Ltd

TL

CRISIL BBB

9.2

Suspended Aqualite India Pvt Ltd

Proposed LT Bk

CRISIL BBB

125

Reaffirmed

Loan Fac Aqualite Rubbers and Plastics Pvt Ltd CC

CRISIL BBB

25

Reaffirmed Aqualite Rubbers and Plastics Pvt Ltd TL

CRISIL BBB

150

Reaffirmed BDS Projects India Pvt Ltd

Proposed LT Bk

CRISIL BB-

2.5

Upgraded from

Loan Fac

CRISIL B+ BDS Projects India Pvt Ltd

Secured Overdraft CRISIL BB-

10

Upgraded from

Fac

CRISIL B+ Campus Student Communities Pvt Ltd

NCD

CRISIL BB-

300

Assigned Chennai Cnc Servotronics Pvt Ltd

CC

CRISIL B+

35

Assigned;

Suspension

Revoked Chennai Cnc Servotronics Pvt Ltd

LT Loan

CRISIL B+

65

Assigned;

Suspension

Revoked Chetak Autoengineering Products Company CC

CRISIL BB-

27.5

Suspended Pvt Ltd Chetak Autoengineering Products Company Proposed TL

CRISIL BB-

5.9

Suspended Pvt Ltd Chetak Autoengineering Products Company TL

CRISIL BB-

25.6

Suspended Pvt Ltd Electronet Equipments Pvt Ltd

CC

CRISIL B+

50

Reaffirmed Electronet Equipments Pvt Ltd

LT Loan

CRISIL B+

36

Assigned Freedom Footwear Pvt Ltd

CC

CRISIL BBB

275

Reaffirmed Freedom Footwear Pvt Ltd

TL

CRISIL BBB

110

Reaffirmed Ganpati Sugar Industries Ltd

CC

CRISIL BB+

800

Suspended Hannah Joseph Hospital Pvt Ltd

Proposed LT Bk

CRISIL BB-

300

Suspended

Loan Fac Inderdeep Construction Co.

CC

CRISIL BB

100

Reaffirmed Inderdeep Construction Co.

Proposed BG

CRISIL BB

100

Reaffirmed Inderdeep Construction Co.

Proposed LT Bk

CRISIL BB

5

Reaffirmed

Loan Fac Inderdeep Construction Co.

TL

CRISIL BB

180

Reaffirmed Kalliyath Developers Pvt Ltd

CC

CRISIL B+

25

Suspended Kamarajar Port Ltd

TFB*

CRISIL AA

10000 Reaffirmed *Non-convertible tax-free infrastructure bond Kamarajar Port Ltd

TFB*

CRISIL AA

10000 Reaffirmed *Non-convertible tax-free infrastructure bonds Kataria Snack Pellets Pvt Ltd

CC

CRISIL B+

20

Suspended Kataria Snack Pellets Pvt Ltd

LT Loan@

CRISIL B+

100

Suspended @ Import letter of credit / Letter of comfort/ Buyers Credit limit is sublimit of term loan to the extent of Rs.89.2 Million Kumar Infrastructure Development Pvt LtdOverdraft Fac

CRISIL B

110

Suspended Kumar Infrastructure Development Pvt LtdProposed LT Bk

CRISIL B

80

Suspended

Loan Fac M N Polytex Pvt Ltd

CC

CRISIL B

75

Suspended Maheswari Brothers Coal Ltd

CC

CRISIL BB+

80

Suspended Matsya Automobiles Ltd

CC

CRISIL B+

45

Suspended Matsya Automobiles Ltd

Channel Financing CRISIL B+

315

Suspended Matsya Automobiles Ltd

Proposed LT Bk

CRISIL B+

95

Suspended

Loan Fac Meghmani Industries Ltd

CC*

CRISIL A

750

Reaffirmed

* Interchangeable with foreign bill purchase and export packing credit up to Rs 150 million and Rs 100 million, respectively Meghmani Industries Ltd

CC**

CRISIL A

50

Reaffirmed ** Fully interchangeable with demand loan, foreign bill purchase, export packing credit, and purchase of bills Meghmani Industries Ltd

Proposed LT Bk

CRISIL A

165

Reaffirmed

Loan Fac Nestle India Ltd

LT Loan

CRISIL AAA

18000 Reaffirmed NSL Textiles Ltd

CC

CRISIL D

3016.9 Downgraded

from CRISIL B+ NSL Textiles Ltd

Funded Interest TL CRISIL D

425.6 Downgraded

from CRISIL B+ NSL Textiles Ltd

ST Loan

CRISIL D

168.7 Downgraded

from CRISIL B+ NSL Textiles Ltd

TL

CRISIL D

6236.2 Downgraded

from CRISIL B+ Olivia Impex Pvt Ltd

CC

CRISIL BBB

19.9

Upgraded from

CRISIL BBB- Olivia Impex Pvt Ltd

Proposed LT Bk

CRISIL BBB

210.1 Upgraded from

Loan Fac

CRISIL BBB- Om Prakash Amarnath

CC

CRISIL B+

50

Suspended Om Prakash Amarnath

Mortgage Loan Fac CRISIL B+

30

Suspended Om Prakash Amarnath

Proposed LT Bk

CRISIL B+

50

Suspended

Loan Fac Opal Polymers Pvt Ltd

CC

CRISIL BBB

125

Reaffirmed Opal Polymers Pvt Ltd

TL

CRISIL BBB

45

Reaffirmed Oriental Nagpur Betul Highway Ltd

NCD^

CRISIL AAA(SO) 25110 Assigned ^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation Oriental Nagpur Betul Highway Ltd

NCD^

CRISIL AAA(SO) 2760

Assigned ^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of specific structures, and will be supported by certain critical documentation Partth Properties

TL

CRISIL BB-

150

Reaffirmed Pradeep Stainless India Pvt Ltd

Bill Discounting CRISIL BBB-

50

Reaffirmed Pradeep Stainless India Pvt Ltd

Proposed WC Fac

CRISIL BBB-

14.6

Reaffirmed Pradeep Stainless India Pvt Ltd

TL

CRISIL BBB-

12.5

Assigned Prasad Cotton Industries Pvt Ltd

CC

CRISIL BB-

60

Reaffirmed Prasad Cotton Industries Pvt Ltd

Proposed LT Bk

CRISIL BB-

10

Reaffirmed

Loan Fac Prasad Fibers Pvt Ltd

CC

CRISIL BB-

70

Reaffirmed Proarch IT Solutions Pvt Ltd

Proposed LT Bk

CRISIL BB

150

Assigned

Loan Fac Puneet Iron and Steel Pvt Ltd

CC

CRISIL BB

140

Suspended Radhe Hurkat Ispat Pvt Ltd

CC

CRISIL B

55

Reaffirmed Rangsons Electronics Pvt Ltd

CC

CRISIL AA-(SO) 910

Assigned Rangsons Electronics Pvt Ltd

Proposed LT Bk

CRISIL AA-(SO) 106.8 Assigned

Loan Fac Rangsons Electronics Pvt Ltd

Standby Line of

CRISIL AA-(SO) 90

Assigned

Credit Rathi Dye Chem Pvt Ltd

CC

CRISIL BB+

60

Reaffirmed Rathi Dye Chem Pvt Ltd

Overdraft Fac*

CRISIL BB+

30

Reaffirmed

* long term, packing credit/post shipment is sub-limit of this limit Rathi Dye Chem Pvt Ltd

Proposed TL

CRISIL BB+

30

Reaffirmed Reia Fashions

Bill Discounting CRISIL BB+

25

Assigned Reia Fashions

Export Packing

CRISIL BB+

45

Assigned

Credit Reia Fashions

Bill Discounting CRISIL BB+

25

Assigned Reia Fashions

Export Packing

CRISIL BB+

45

Assigned

Credit Rosebay Polymers Pvt Ltd

CC

CRISIL BBB

75

Reaffirmed Rosebay Polymers Pvt Ltd

Proposed LT Bk

CRISIL BBB

2.5

Reaffirmed

Loan Fac Rosebay Polymers Pvt Ltd

TL

CRISIL BBB

122.5 Reaffirmed S P P Food Products Pvt Ltd

CC

CRISIL BBB-

100

Reaffirmed S P P Food Products Pvt Ltd

TL

CRISIL BBB-

45

Reaffirmed SEED Infotech Ltd

CC

CRISIL BBB-

40

Reaffirmed SEED Infotech Ltd

Proposed LT Bk

CRISIL BBB-

75

Reaffirmed

Loan Fac Shanti Construction Co.

CC

CRISIL BBB-

120

Reaffirmed Sonia Fisheries

CC

CRISIL B-

30

Reaffirmed Sonia Fisheries

Foreign Bill

CRISIL B-

25

Reaffirmed

Discounting Sonia Fisheries

TL

CRISIL B-

33.5

Reaffirmed Sonia Fisheries

CC

CRISIL B-

30

Reaffirmed Sonia Fisheries

Foreign Bill

CRISIL B-

25

Reaffirmed

Discounting Sonia Fisheries

TL

CRISIL B-

33.5

Reaffirmed Sri Padmavati Energy Solutions India

CC

CRISIL B+

50

Downgraded Pvt Ltd

from CRISIL

BB- Sri Padmavati Energy Solutions India

LT Loan

CRISIL B+

55

Downgraded Pvt Ltd

from CRISIL

BB- Sri Padmavati Energy Solutions India

Proposed LT Bk

CRISIL B+

95

Downgraded Pvt Ltd

Loan Fac

from CRISIL

BB- Sukhdev Vaishno Dhaba

CC

CRISIL BB

5

Suspended Sukhdev Vaishno Dhaba

Proposed LT Bk

CRISIL BB

14

Suspended

Loan Fac Sukhdev Vaishno Dhaba

TL

CRISIL BB

64.5

Suspended Swaraj Fashions

Bill Discounting CRISIL BB+

30

Assigned Swaraj Fashions

Export Packing

CRISIL BB+

40

Assigned

Credit Swiss Singapore India Pvt Ltd

Proposed FB Bk

CRISIL A

1000

Reaffirmed

Limits Tempus Infra Projects Pvt Ltd

BG*

CRISIL D

330

Suspended *Includes Rs.100 Million of sub limit of letter of credit Tempus Infra Projects Pvt Ltd

BG

CRISIL D

250

Suspended Tempus Infra Projects Pvt Ltd

CC

CRISIL D

470

Suspended Tempus Infra Projects Pvt Ltd

Funded Interest TL CRISIL D

49.6

Suspended Tempus Infra Projects Pvt Ltd

LT Loan

CRISIL D

38.1

Suspended Tempus Infra Projects Pvt Ltd

Proposed LT Bk

CRISIL D

21.8

Suspended

Loan Fac Tempus Infra Projects Pvt Ltd

WC TL

CRISIL D

440.5 Suspended The India Thermit Corporation Ltd

Proposed LT Bk

CRISIL A-

10

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

Assigned @@ 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 Trident Chemphar Ltd

CC*

CRISIL BBB+

200

Suspended *Fully interchangeable with letter of credit to the extent of Rs.120 million Vasmo Agro Nutri Product Pvt Ltd

CC

CRISIL BB

250

Suspended Veejay Lakshmi Engineering Works Ltd

CC

CRISIL BBB-

205

Reaffirmed Veejay Lakshmi Engineering Works Ltd

Proposed LT Bk

CRISIL BBB-

25

Reaffirmed

Loan Fac Veejay Lakshmi Engineering Works Ltd

Proposed WC Fac

CRISIL BBB-

50

Assigned Vidhatri Exports Pvt Ltd

Export Packing

CRISIL B

60

Upgraded from

Credit

CRISIL B- Vinayak Enterprises (New Delhi)

CC

CRISIL BB+

100

Assigned Yogeshwar Timber Mart

CC

CRISIL B

10

Assigned Yogeshwar Timber Mart

Proposed LT Bk

CRISIL B

4.7

Assigned

Loan Fac -------------------------------------------------------------------------------------------- $: 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.

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