CRISIL ratings for Indian debt instruments-Apr 6

  • Reuters
  • Stock Market News
CRISIL ratings for Indian debt instruments-Apr 6
Credit: © Reuters.

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.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles