CRISIL ratings for Indian debt instruments-Apr 6

Apr 6 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS: CRSL )) for local debt instruments as of April 5, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
----------
------
----- --------- SHORT TERM RATINGS: ------------------- Aarkay Instruments Pvt Ltd
BG
CRISIL A4+
30
Migrated from
CRISIL A4 Issuer Not Cooperating Aarkay Instruments Pvt Ltd
Inland/Import LOC CRISIL A4+
20
Migrated from
CRISIL A4 Issuer Not Cooperating Baba Construction
BG
CRISIL A4
31.5
Assigned Beardsell Ltd
CP
CRISIL A1+
10
Reaffirmed Capital Business Systems Pvt Ltd
BG
CRISIL A3
100
Reaffirmed Capital Business Systems Pvt Ltd
ST Loan
CRISIL A3
120
Reaffirmed Capital Record Centre Pvt Ltd
BG
CRISIL A3
10
Reaffirmed Chartered Speed Pvt Ltd
BG
CRISIL A2
340
Reaffirmed Das and Sons Infracon Pvt Ltd
BG
CRISIL A4+
30.1
Migrated from
CRISIL A4+ Issuer Not Cooperating Diamond Nuts
Foreign Bill
CRISIL A4
30
Reaffirmed
Discounting Gallantt Ispat Ltd
BG
CRISIL A3
60
CRISIL A3 Gallantt Ispat Ltd
LOC
CRISIL A3
400
CRISIL A3 Gallantt Ispat Ltd
Proposed NFBL
CRISIL A3
20
CRISIL A3 Gautam Technocast
BG
CRISIL A4+
12
Reaffirmed Gautam Technocast
LOC
CRISIL A4+
20
Reaffirmed Gujarat Fluorochemicals (NS: GFLR ) Ltd
LOC & BG*
CRISIL A1+
3450
Reaffirmed *Interchangeable with short-term debt to the extent of Rs 250 crore. Gujarat Fluorochemicals Ltd
ST Loan@#
CRISIL A1+
7900
Reaffirmed #Interchangeable with letter of credit & bank guarantee to the extent of Rs 700 crore @Interchangeable with overdraft facility to the extent of Rs 340 crore Hamilton Housewares Pvt Ltd
LOC
CRISIL A1+
1250
Reaffirmed Hamilton Housewares Pvt Ltd
Proposed LOC
CRISIL A1+
117.4 Reaffirmed Home Credit India Finance Pvt Ltd
Series A1 PTCs
Provisional
-
-
CRISIL A1 Provisional Rating Assigned Home Credit India Finance Pvt Ltd
Series A2 PTCs
Provisional
-
-
CRISIL A3 Provisional Rating Assigned JRC KCVR Projects
Proposed BG
CRISIL A4+
367.5 Assigned Kaynes Technology India Pvt Ltd
Overdraft
CRISIL A3
50
Reaffirmed Kaynes Technology India Pvt Ltd
Packing Credit
CRISIL A3
330
Reaffirmed Kaynes Technology India Pvt Ltd
ST Loan
CRISIL A3
40
Reaffirmed Minda Corporation Ltd
LOC
CRISIL A1
95
Reaffirmed Minda Corporation Ltd
Standby Line of
CRISIL A1
606.1 Reaffirmed
Credit Minda SAI Ltd
LOC
CRISIL A1
110
Reaffirmed Motherson Sumi Systems (NS: MOSS ) Ltd
Foreign Exchange CRISIL A1+
50
Reaffirmed
Forward$**@ $**@ Foreign exchange forward has a notional value of Rs 250 crore Motherson Sumi Systems Ltd
LOC^***
CRISIL A1+
500
Reaffirmed ^*** Interchangeable with Bank Guarantee Motherson Sumi Systems Ltd
LOC$*
CRISIL A1+
500
Reaffirmed $* Interchangeable with Bank Guarantee, Forward Limit Multifilms Plastics Pvt Ltd
Non-FBL
CRISIL A4+
55
Assigned Pashupati Capital Services Pvt Ltd
BG
CRISIL A3
2500
Reaffirmed R.K.Engineers Sales Ltd
BG
CRISIL A3+
720
Reaffirmed Rajshekhar Constructions Pvt Ltd
BG
CRISIL A4
100
Reaffirmed Reydel Automotive India Pvt Ltd
LOC & BG
CRISIL A2
20
- Rating Watch with Positive Implications' Riata Life Sciences Pvt Ltd
LOC
CRISIL A4+
10
Reaffirmed S.R.Chaddha Industries Ltd.
BG
CRISIL A3
1250
Reaffirmed Sparkle Commercial Pvt Ltd
Proposed LOC
CRISIL A4+
15
Assigned Sparkle Commercial Pvt Ltd
LOC
CRISIL A4+
60
Assigned Sunrise Glass Industries Pvt Ltd
LOC
CRISIL A3
100
Assigned Sunrise Glass Industries Pvt Ltd
BG
CRISIL A3
30
Assigned Superking Glass and Ceramic Pvt Ltd
LOC
CRISIL A4+
10
Reassigned Tata Projects Ltd
CP
CRISIL A1+
800
Reaffirmed Aarkay Instruments Pvt Ltd
CC
CRISIL BB-
30
Migrated from
CRISIL B+ Issuer Not Cooperating MEDIUM TERM RATINGS: ------------------- Beardsell Ltd
FD Programme
FB+
5
Reaffirmed
LONG TERM RATINGS: ------------------- Ashok Auto Sales Ltd
CC
CRISIL BBB
300
Upgraded from
CRISIL BBB- Ashok Auto Sales Ltd
Channel Financing CRISIL BBB
1225
Upgraded from
CRISIL BBB- Ashok Auto Sales Ltd
Proposed FB Bk
CRISIL BBB
325
Upgraded from
Limits
CRISIL BBB- Ashok Auto Sales Ltd
Proposed Inventory CRISIL BBB
150
Upgraded from
Funding
CRISIL BBB- Baba Construction
Proposed CC Limit CRISIL B
38.5
Assigned Baba Construction
Proposed BG
CRISIL B
161.5 Assigned Baba Construction
CC
CRISIL B
18.5
Assigned Begorra Infrastructure and Developers CC
CRISIL BB
180
Upgraded from Pvt Ltd
CRISIL B+ Candy Spirits Pvt Ltd
CC
CRISIL BBB
180
Reaffirmed Capital Business Systems Pvt Ltd
CC
CRISIL BBB-
210
Reaffirmed Capital Record Centre Pvt Ltd
CC
CRISIL BBB-
30
Reaffirmed Capital Record Centre Pvt Ltd
TL
CRISIL BBB-
97
Reaffirmed Casagrand Builder Pvt Ltd
Proposed LT Bk
CRISIL BBB-
1755
-
Loan Fac Issuer Not Cooperating; Migrated from 'CRISIL BBB Casagrand Builder Pvt Ltd
TL
CRISIL BBB-
495
- Issuer Not Cooperating; Migrated from 'CRISIL BBB Chartered Speed Pvt Ltd
CC
CRISIL BBB+
140
Reaffirmed Chartered Speed Pvt Ltd
Drop Line
CRISIL BBB+
20
Reaffirmed
Overdraft Fac Continental Automotive Components
CC/ Overdraft Fac CRISIL BBB+
1000
Reaffirmed (India) Pvt Ltd Continental Automotive Components
Overdraft
CRISIL BBB+
500
Reaffirmed (India) Pvt Ltd Das and Sons Infracon Pvt Ltd
LT Loan
CRISIL BB-
1.7
Migrated from
CRISIL BB Issuer Not Cooperating Das and Sons Infracon Pvt Ltd
Overdraft
CRISIL BB-
60
Migrated from
CRISIL BB Issuer Not Cooperating Diamond Nuts
CC
CRISIL B+
70
Reaffirmed Diamond Nuts
Packing Credit
CRISIL B+
80
Reaffirmed Diamond Nuts
Proposed LT Bk
CRISIL B+
120
Reaffirmed
Loan Fac Essel Finance VKC Forex Ltd
CC & WC demand loanCRISIL BBB
517.5 Assigned Essel Finance VKC Forex Ltd
Overdraft
CRISIL BBB
190
Assigned ETA Powergen Pvt Ltd
LT Loan
CRISIL D
188.8 Issuer Not
Cooperating; ETA Powergen Pvt Ltd
Proposed LT Bk
CRISIL D
113.4 Issuer Not
Loan Fac
Cooperating; ETA Powergen Pvt Ltd
WC TL
CRISIL D
17.8
Issuer Not
Cooperating; Eurokids International Pvt Ltd
Overdraft
CRISIL A-
200
Reaffirmed Euroschool Properties and
TL
CRISIL A-
840
Reaffirmed Infrastructure Pvt Ltd Gagana Enterprises
CC
CRISIL B+
25
Assigned Gagana Enterprises
Proposed LT Bk
CRISIL B+
5
Assigned
Loan Fac Gallantt Ispat Ltd
CC
CRISIL BBB-
500
CRISIL
BBB-/Stable Gallantt Ispat Ltd
LT Loan
CRISIL BBB-
300
CRISIL
BBB-/Stable Gautam Technocast
CC
CRISIL BB+
120
- Outlook revised from 'Stable' and rating reaffirmed Gautam Technocast
Drop Line
CRISIL BB+
80
-
Overdraft Fac Outlook revised from 'Stable' and rating reaffirmed Gautam Technocast
Proposed LT Bk
CRISIL BB+
36.5
-
Loan Fac Outlook revised from 'Stable' and rating reaffirmed Gujarat Fluorochemicals Ltd
Proposed LT Bk
-
5000
Withdrawal
Loan Fac Gujarat Fluorochemicals Ltd
Foreign Currency TLCRISIL AA
1687.5 Reaffirmed Gujarat Fluorochemicals Ltd
Proposed LT Bk
CRISIL AA
1962.5 Reaffirmed
Loan Fac Gulf Petrochem India Pvt Ltd
Proposed LT Bk
CRISIL A-(SO) 222.7 Reaffirmed
Loan Fac Gulf Petrochem India Pvt Ltd
TL
CRISIL A-(SO) 2107.3 Reaffirmed Hamilton Housewares Pvt Ltd
CC
CRISIL AA-
800
Reaffirmed Hamilton Housewares Pvt Ltd
Proposed LT Bk
CRISIL AA-
316.1 Reaffirmed
Loan Fac Hamilton Housewares Pvt Ltd
Proposed TL
CRISIL AA-
200
Reaffirmed Hamilton Housewares Pvt Ltd
TL
CRISIL AA-
62.5
Reaffirmed JRC KCVR Projects
Drop Line
CRISIL BB+
122.5 Assigned
Overdraft Fac JRC KCVR Projects
Overdraft
CRISIL BB+
10
Assigned Kaynes Technology India Pvt Ltd
Bill Discounting CRISIL BBB-
120
- Outlook revised from 'Stable' and rating reaffirmed Kaynes Technology India Pvt Ltd
CC
CRISIL BBB-
260
- Outlook revised from 'Stable' and rating reaffirmed Kaynes Technology India Pvt Ltd
LT Loan
CRISIL BBB-
65.5
- Outlook revised from 'Stable' and rating reaffirmed Kaynes Technology India Pvt Ltd
TL
CRISIL BBB-
60.6
- Outlook revised from 'Stable' and rating reaffirmed Kaynes Technology India Pvt Ltd
Proposed FB Bk
CRISIL BBB-
288.9 -
Limits Outlook revised from 'Stable' and rating reaffirmed Kshatriya Constructions
Overdraft
CRISIL BB-
100
Assigned Majestic Property Developers Pvt Ltd
Proposed LT Bk
CRISIL B+
100
Assigned
Loan Fac Minda Corporation Ltd
CC
CRISIL A
779
Reaffirmed Minda Corporation Ltd
External
CRISIL A
260.9 Reaffirmed
Commercial
Borrowings Minda Corporation Ltd
TL
CRISIL A
359
Reaffirmed Minda Furukawa Electric Pvt Ltd
Bill Discounting CRISIL BBB+
75
Reaffirmed Minda Furukawa Electric Pvt Ltd
CC
CRISIL BBB+
60
Reaffirmed Minda Furukawa Electric Pvt Ltd
CC & WC demand loanCRISIL BBB+
15
Reaffirmed Minda SAI Ltd
CC
CRISIL A
645
Reaffirmed Minda SAI Ltd
FB Fac
CRISIL A
270
Reaffirmed Minda SAI Ltd
TL
CRISIL A
175
Reaffirmed Minda VAST Access Systems Pvt Ltd
CC
CRISIL A-
250
Reaffirmed Motherson Sumi Systems Ltd
CC*
CRISIL AA
3000
Reaffirmed *Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Foreign Bill Purchase Motherson Sumi Systems Ltd
CC**
CRISIL AA
300
Reaffirmed ** Interchangeable with Working Capital Demand Loan, Export Packing Credit, Foreign Bill Purchase, Foreign Bill Discounting Motherson Sumi Systems Ltd
CC***
CRISIL AA
400
Reaffirmed *** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Foreign Bill Discounting Motherson Sumi Systems Ltd
CC$
CRISIL AA
400
Reaffirmed $ Interchangeable with Foreign Bill Discounting, Packing Credit in Foreign Currency Motherson Sumi Systems Ltd
CC&
CRISIL AA
650
Reaffirmed & Interchangeable with Working Capital Demand Loan, Usance Letter of Credit Motherson Sumi Systems Ltd
Overdraft^*
CRISIL AA
450
Reaffirmed ^* Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency Motherson Sumi Systems Ltd
Overdraft^**
CRISIL AA
800
Reaffirmed ^** Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Export Bill Discounting Motherson Sumi Systems Ltd
Proposed LT Bk
CRISIL AA
100
Reaffirmed
Loan Fac Multifilms Plastics Pvt Ltd
FB Fac
CRISIL BB+
80
Assigned Multifilms Plastics Pvt Ltd
Proposed TL
CRISIL BB+
12.5
Assigned Multifilms Plastics Pvt Ltd
TL
CRISIL BB+
7.5
Assigned Oriental Textiles Industries
CC
CRISIL D
80
Downgraded
from CRISIL B Pashupati Capital Services Pvt Ltd
Overdraft
CRISIL BBB-
80
Assigned R.K.Engineers Sales Ltd
CC
CRISIL BBB
30
Reaffirmed Raja Udyog Pvt Ltd
CC
CRISIL BBB
583.5 Assigned Raja Udyog Pvt Ltd
TL
CRISIL BBB
16.5
Assigned Rajshekhar Constructions Pvt Ltd
Drop Line
CRISIL B+
150
Reaffirmed
Overdraft Fac Ravina Health Care Pvt Ltd
TL
CRISIL D
160
- Downgraded from 'CRISIL B Reydel Automotive India Pvt Ltd
CC & WC demand loanCRISIL BBB+
170
- Rating Watch with Positive Implications' Reydel Automotive India Pvt Ltd
Rupee TL
CRISIL BBB+
380
- Rating Watch with Positive Implications' Riata Life Sciences Pvt Ltd
CC
CRISIL BB+
10
Upgraded from
CRISIL BB Riata Life Sciences Pvt Ltd
Proposed LT Bk
CRISIL BB+
70
Upgraded from
Loan Fac
CRISIL BB Riata Life Sciences Pvt Ltd
TL
CRISIL BB+
10
Upgraded from
CRISIL BB S.R.Chaddha Industries Ltd.
CC
CRISIL BBB-
650
Reaffirmed S.R.Chaddha Industries Ltd.
Proposed LT Bk
CRISIL BBB-
950
Reaffirmed
Loan Fac SAN Automotive Industries Pvt Ltd
CC
CRISIL C
55
Downgraded
from CRISIL
BB- SAN Automotive Industries Pvt Ltd
LT Loan
CRISIL C
38
Downgraded
from CRISIL
BB- Sango Auto Forge Pvt Ltd
CC
Withdrawal
30
Issuer Not
Cooperating; Sango Auto Forge Pvt Ltd
TL
Withdrawal
25.6
Issuer Not
Cooperating; Seetharama Cotton Industries
CC
CRISIL B+
60
Reaffirmed Sparkle Commercial Pvt Ltd
Proposed CC Limit CRISIL BB
5
Assigned Sree Lakshmi Balaji Industries
CC
CRISIL B+
40
Reaffirmed Sri Venkateswara Boiled and Raw Rice
CC
CRISIL BB-
110
Assigned Mill Sunrise Glass Industries Pvt Ltd
TL
CRISIL BBB-
120
Assigned Sunrise Glass Industries Pvt Ltd
CC
CRISIL BBB-
210
Assigned Superking Glass and Ceramic Pvt Ltd
CC
CRISIL BB
50
Reaffirmed Superking Glass and Ceramic Pvt Ltd
TL
CRISIL BB
40
Reaffirmed Tata Capital Ltd
CC & WC demand loanCRISIL AA+
150
Reaffirmed Tata Capital Ltd
Proposed LT Bk
CRISIL AA+
100
Reaffirmed
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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