CRISIL ratings for Indian debt instruments-Oct 4

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CRISIL ratings for Indian debt instruments-Oct 4
Credit: © Reuters.

Oct 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS: CRSL )) for local debt instruments as of October 3, 2018. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Ambika Cotton Mills Ltd

Composite WC Limit CRISIL A1

4180 AU Small Finance Bank Ltd

CDs

CRISIL A1+

10000 Reaffirmed Reaffirmed Axis Bank Ltd

CDs

CRISIL A1+

600000 Reaffirmed Reaffirmed Bhagwat Chattels Pvt Ltd

BG

CRISIL A4+

30

Migrated from

CRISIL A4+ (Issuer Not Cooperating) Cholamandalam (NS: CHLA ) Investment and Finance

CP

CRISIL A1+

75000 Assigned Co. Ltd Assigned Danieli India Ltd

BG

CRISIL A2

3450

Reaffirmed Danieli India Ltd

BG %

CRISIL A2

1100

Reaffirmed % interchangeable with letter of credit upto Rs 20 crore, WDCL facility upto Rs 100 crore and Packing credit facility upto Rs 40 crore Danieli India Ltd

BG *

CRISIL A2

1130

Reaffirmed

* fully interchangeable between bank guarantee and Letter of credit Danieli India Ltd

BG ^

CRISIL A2

750

Reaffirmed ^interchangeable with letter of credit and upto Rs 50 crore with WDCL facility Danieli India Ltd

LOC *

CRISIL A2

450

Reaffirmed

* fully interchangeable between bank guarantee and Letter of credit Diamond Footcare Udyog Pvt Ltd

Inland/Import LOC CRISIL A4+

45

Assigned;

Suspension

Revoked Eva Exotica Pvt Ltd

BG

CRISIL A4+

15

Migrated (Issuer Not Cooperating) Eva Exotica Pvt Ltd

LOC

CRISIL A4+

15

Migrated (Issuer Not Cooperating) GHV (India) Pvt Ltd

BG

CRISIL A1

5240

Reaffirmed

and Withdrawn Global Tech India Pvt Ltd

LOC

CRISIL A4+

7.5

Assigned Glowstar

Packing Credit in CRISIL A3

15

Reaffirmed

Foreign Currency Glowstar

Post Shipment

CRISIL A3

280

Reaffirmed

Credit Jai Multi Engineering Co.

BG

CRISIL A4

20

Migrated (Issuer Not Cooperating) JBM Auto Ltd

LOC & BG

CRISIL A1

425

Assigned JBM Auto System Pvt Ltd

LOC

CRISIL A2+

600

Reaffirmed Removed from 'Rating Watch with Developing Implications JNS Instruments Ltd

LOC

CRISIL A3

150

Migrated (Issuer Not Cooperating) K.K.Duplex and Paper Mills Pvt Ltd

BG

CRISIL A4

2.5

Migrated (Issuer Not Cooperating) Kansal Ice and Cold Storage

LOC

CRISIL A4

1

Migrated (Issuer Not Cooperating) Kores India Ltd

BG

CRISIL A3+

484 Kores India Ltd

LOC

CRISIL A3+

350 Lalwani Ferro Alloys Ltd

BG

CRISIL A2

15

Reaffirmed Lalwani Ferro Alloys Ltd

Packing Credit in CRISIL A2

160

Reaffirmed

Foreign Currency Lalwani Ferro Alloys Ltd

LOC

CRISIL A2

1010

Reaffirmed Mayor and Company

Packing Credit

CRISIL A4

60

Assigned Mayor and Company

LOC

CRISIL A4

10

Assigned Mayor and Company

BG

CRISIL A4

2

Assigned Paramount Conductors Ltd

LOC

CRISIL D

60

Downgraded

from CRISIL A4 (Issuer Not Cooperating) Real Innerspring Technologies Pvt Ltd LOC & BG

CRISIL A4+

5

Migrated (Issuer Not Cooperating) Shimla Auto

BG

CRISIL A4

2

Migrated (Issuer Not Cooperating) Shrawasthi Agrotech Pvt Ltd

LOC

CRISIL A4+

10

Migrated (Issuer Not Cooperating) S. N. Bhobe and Associates Pvt Ltd

BG

CRISIL A4+

120

Migrated from

CRISIL A4+

Rating

Withdrawn (Issuer Not Cooperating) Sri Padmavathi Srinivasa Parboiled Rice Proposed BG

CRISIL A4

20

Assigned Industries Sri Padmavathi Srinivasa Parboiled Rice BG

CRISIL A4

60

Assigned Industries Sumip Composites Pvt Ltd

BG

CRISIL A4+

50

Migrated (Issuer Not Cooperating) Timespac India Pvt Ltd

BG

CRISIL A4

2.5

Migrated (Issuer Not Cooperating) TTK Prestige (NS: TTKL ) Ltd

LOC & BG

CRISIL A1+

600

Reaffirmed TTK Prestige Ltd

CP Programme

CRISIL A1+

500

Reaffirmed MEDIUM TERM RATINGS: ------------------- Kores India Ltd

FD

FA-

185 LONG TERM RATINGS: ------------------- Advance Laminates Pvt Ltd

CC

CRISIL B+

65

Migrated from

CRISIL B+ (Issuer Not Cooperating) Advance Laminates Pvt Ltd

TL

CRISIL B+

20

Migrated from

CRISIL B+ (Issuer Not Cooperating) Aimil Pharmaceuticals India Ltd

CC

CRISIL BB

210

Migrated (Issuer Not Cooperating) Aimil Pharmaceuticals India Ltd

LT Loan

CRISIL BB

80

Migrated (Issuer Not Cooperating) Aimil Pharmaceuticals India Ltd

Proposed LT Bk

CRISIL BB

210

Migrated

Loan Fac (Issuer Not Cooperating) Ambika Cotton Mills Ltd

Proposed LT Bk

CRISIL A

375.5

Loan Fac AU Small Finance Bank Ltd

NCD

CRISIL AA-

2150

Upgraded from

CRISIL A+ Upgraded from CRISIL A+ AU Small Finance Bank Ltd

Subordinated Debt CRISIL AA-

1250

Upgraded from

Bonds

CRISIL A+ Upgraded from CRISIL A+ Axis Bank Ltd

Tier I Bonds

CRISIL AA+

70000 Reaffirmed

(Under Basel III) Reaffirmed Axis Bank Ltd

Tier II Bonds

CRISIL AAA

40000 Assigned

(Under Basel III) Axis Bank Ltd

Tier II Bonds

CRISIL AAA

50000 Reaffirmed

(Under Basel III) Axis Bank Ltd

Tier II Bonds

CRISIL AAA

25000 Reaffirmed

(Under Basel III) Axis Bank Ltd

Tier II Bonds

CRISIL AAA

8500

Reaffirmed

(Under Basel III) Axis Bank Ltd

Tier II Bonds

CRISIL AAA

20000 Reaffirmed

(Under Basel III) Axis Bank Ltd

Infrastructure

CRISIL AAA

32050 Reaffirmed

Bonds Axis Bank Ltd

Infrastructure

CRISIL AAA

60000 Reaffirmed

Bonds Axis Bank Ltd

Infrastructure

CRISIL AAA

50000 Reaffirmed

Bonds Benara Autos Pvt Ltd

BG

CRISIL D

2.5

Migrated (Issuer Not Cooperating) Benara Autos Pvt Ltd

CC

CRISIL D

25

Migrated (Issuer Not Cooperating) Benara Autos Pvt Ltd

Foreign Bill

CRISIL D

5

Migrated

Discounting (Issuer Not Cooperating) Benara Autos Pvt Ltd

LOC

CRISIL D

2.5

Migrated (Issuer Not Cooperating) Benara Autos Pvt Ltd

Packing Credit

CRISIL D

15

Migrated (Issuer Not Cooperating) Benara Autos Pvt Ltd

Standby FB Limits CRISIL D

4

Migrated (Issuer Not Cooperating) Bhagwat Chattels Pvt Ltd

LT Loan

CRISIL BB-

690

Migrated from

CRISIL BB- (Issuer Not Cooperating) Casagrand Builder Pvt Ltd

Proposed LT Bk

CRISIL BB+

1755

Migrated from

Loan Fac

CRISIL BBB- (Issuer Not Cooperating) Casagrand Builder Pvt Ltd

TL

CRISIL BB+

495

Migrated from

CRISIL BBB- (Issuer Not Cooperating) Cholamandalam Investment and Finance

Lower Tier II BondsCRISIL AA+

2000

Reaffirmed Co. Ltd Reaffirmed Cosmos Business Machines Pvt Ltd

CC

CRISIL BB-

60

Migrated (Issuer Not Cooperating) Danieli India Ltd

CC

CRISIL BBB+

350

Reaffirmed Danieli India Ltd

CC @

CRISIL BBB+

400

Reaffirmed @ includes corporate card facility of Rs 1.4 crores Danieli India Ltd

Overdraft #

CRISIL BBB+

1500

Reaffirmed # fully interchangeable with Bill discounting, PCFC, Export Bill Purchased, Buyer's Credit & Invoice financing Danieli India Ltd

Proposed LT Bk

CRISIL BBB+

70

Reaffirmed

Loan Fac Danieli India Ltd

WC Demand Loan $ CRISIL BBB+

550

Reaffirmed $ fully interchangeable with Packing credit facility Danieli India Ltd

WC Demand Loan

CRISIL BBB+

500

Reaffirmed Diamond Footcare Udyog Pvt Ltd

CC

CRISIL BB-

440

Assigned;

Suspension

Revoked Diamond Footcare Udyog Pvt Ltd

Proposed LT Bk

CRISIL BB-

2.7

Assigned;

Loan Fac

Suspension

Revoked Diamond Footcare Udyog Pvt Ltd

TL

CRISIL BB-

62.3

Assigned;

Suspension

Revoked ECR Buildtech Pvt Ltd

TL

CRISIL BB

60

Migrated (Issuer Not Cooperating) Egwood Industries Pvt Ltd

LT Loan

CRISIL BB+

180

Migrated from

CRISIL BB+ (Issuer Not Cooperating) Eva Exotica Pvt Ltd

CC

CRISIL BB+

210

Migrated (Issuer Not Cooperating) Eva Exotica Pvt Ltd

TL

CRISIL BB+

40

Migrated (Issuer Not Cooperating) GHV (India) Pvt Ltd

CC

CRISIL A

1260

Reaffirmed

and Withdrawn Global Tech India Pvt Ltd

Proposed LT Bk

CRISIL BB-

25.5

Assigned

Loan Fac Global Tech India Pvt Ltd

CC

CRISIL BB-

22

Assigned Global Tech India Pvt Ltd

Foreign Bill

CRISIL BB-

15

Assigned

Purchase Global Technocrats Pvt Ltd

CC

CRISIL B+

70

Migrated (Issuer Not Cooperating) Global Technocrats Pvt Ltd

Proposed LT Bk

CRISIL B+

50

Migrated

Loan Fac (Issuer Not Cooperating) Glowstar

Proposed LT Bk

CRISIL BBB-

5

Reaffirmed

Loan Fac Hemco Garment Pvt Ltd.

CC

CRISIL B-

25

Migrated (Issuer Not Cooperating) Hemco Garment Pvt Ltd.

TL

CRISIL B-

40

Migrated (Issuer Not Cooperating) Hisar Motors Pvt Ltd

CC

CRISIL BB-

140

Assigned Hisar Motors Pvt Ltd

Channel Financing CRISIL BB-

100

Assigned J. K. Developers

TL

CRISIL B

120

Reaffirmed (Issuer Not Cooperating) Jai Multi Engineering Co.

CC

CRISIL B+

40

Migrated (Issuer Not Cooperating) Jai Multi Engineering Co.

Proposed LT Bk

CRISIL B+

15

Migrated

Loan Fac (Issuer Not Cooperating) Jai Multi Engineering Co.

TL

CRISIL B+

10

Migrated (Issuer Not Cooperating) Jai Multi Engineering Co.

WC Demand Loan

CRISIL B+

15

Migrated (Issuer Not Cooperating) JBM Auto Ltd

TL

CRISIL A

491.4 Assigned JBM Auto Ltd

Proposed LT Bk

CRISIL A

5890.5 Assigned

Loan Fac JBM Auto Ltd

CC*!

CRISIL A

300

Assigned *Interchangeable with Rs 5 cr of non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

LOC & BG^

CRISIL A

800

Assigned ^Interchangeable with Rs 65 crore fund based JBM Auto Ltd

CC**!

CRISIL A

142.5 Assigned **Interchangeable with non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

CC***!

CRISIL A

100

Assigned ***Interchangeable with Rs 5 cr of non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

CC&!

CRISIL A

950

Assigned &Interchangeable with Rs 18 cr of non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

CC**!

CRISIL A

350

Assigned **Interchangeable with non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

CC**!

CRISIL A

100

Assigned **Interchangeable with non-fund based/!Interchangeable with Working Capital Demand Loan JBM Auto Ltd

CC!

CRISIL A

260

Assigned !Interchangeable with Working Capital Demand Loan JBM Auto Ltd

LOC & BG^^

CRISIL A

250

Assigned ^^Interchangeable with Rs 20 crore fund based JBM Auto Ltd

LOC & BG%

CRISIL A

250

Assigned %Interchangeable with Rs 20 crore fund based JBM Auto System Pvt Ltd

CC*

CRISIL A-

1325

Reaffirmed Removed from 'Rating Watch with Developing Implications/*Interchangeable with letter of credit & bank guarantees JBM Auto System Pvt Ltd

CC#

CRISIL A-

800

Reaffirmed Removed from 'Rating Watch with Developing Implications/#Interchangeable with letter of credit & bank guarantees upto Rs 55 crore JBM Auto System Pvt Ltd

CC**

CRISIL A-

470

Reaffirmed Removed from 'Rating Watch with Developing Implications/**Interchangeable with letter of credit & bank guarantees upto Rs 15 crore JBM Auto System Pvt Ltd

CC

CRISIL A-

400

Reaffirmed Removed from 'Rating Watch with Developing Implications JBM Auto System Pvt Ltd

LT Loan

CRISIL A-

356.4 Reaffirmed Removed from 'Rating Watch with Developing Implications JBM Auto System Pvt Ltd

Proposed TL

CRISIL A-

373.8 Reaffirmed Removed from 'Rating Watch with Developing Implications JNS Instruments Ltd

Bill Discounting CRISIL BBB-

700

Migrated (Issuer Not Cooperating) JNS Instruments Ltd

Buyer`s Credit

CRISIL BBB-

50

Migrated (Issuer Not Cooperating) JNS Instruments Ltd

CC

CRISIL BBB-

100

Migrated (Issuer Not Cooperating) JNS Instruments Ltd

Inventory Funding CRISIL BBB-

400

Migrated

Fac (Issuer Not Cooperating) JNS Instruments Ltd

LT Loan

CRISIL BBB-

63

Migrated (Issuer Not Cooperating) JNS Instruments Ltd

Proposed LT Bk

CRISIL BBB-

7

Migrated

Loan Fac (Issuer Not Cooperating) K.K.Duplex and Paper Mills Pvt Ltd

CC

CRISIL B+

30

Migrated (Issuer Not Cooperating) K.K.Duplex and Paper Mills Pvt Ltd

LT Loan

CRISIL B+

75

Migrated (Issuer Not Cooperating) K.K.Duplex and Paper Mills Pvt Ltd

Standby LOC

CRISIL B+

2.5

Migrated (Issuer Not Cooperating) Kansal Ice and Cold Storage

CC

CRISIL B+

79.5

Migrated (Issuer Not Cooperating) Kansal Ice and Cold Storage

Proposed LT Bk

CRISIL B+

4.5

Migrated

Loan Fac (Issuer Not Cooperating) Kores India Ltd

CC & WC demand

CRISIL BBB

643.5

loan* *includes overdraft facility. Kores India Ltd

Proposed LT Bk

CRISIL BBB

60.7

Loan Fac Kores India Ltd

TL#

CRISIL BBB

450 # sub-limit under LAP Lalwani Ferro Alloys Ltd

CC

CRISIL BBB+

381

Reaffirmed Lalwani Ferro Alloys Ltd

Foreign Bill

CRISIL BBB+

160

Reaffirmed

Discounting Lalwani Ferro Alloys Ltd

Proposed LT Bk

CRISIL BBB+

44

Reaffirmed

Loan Fac Mayor and Company

TL

CRISIL B+

3

Assigned Mayor and Company

CC

CRISIL B+

5

Assigned Mayor and Company

Bill Discounting^ CRISIL B+

50

Assigned ^Fully interchangeable with packing credit Mithila Motors Pvt Ltd

CC

CRISIL BB+

300

Upgraded from

CRISIL BB Mithila Motors Pvt Ltd

Channel Financing CRISIL BB+

400

Upgraded from

CRISIL BB Mithila Motors Pvt Ltd

Inventory Funding CRISIL BB+

150

Upgraded from

Fac

CRISIL BB Mithila Motors Pvt Ltd

Proposed LT Bk

CRISIL BB+

150

Upgraded from

Loan Fac

CRISIL BB Musaddilal Projects Pvt Ltd

LT Loan

CRISIL BB+

570

Migrated from

CRISIL BB+ (Issuer Not Cooperating) Musaddilal Properties Pvt Ltd

LT Loan

CRISIL BB+

440

Migrated from

CRISIL BB+ (Issuer Not Cooperating) Orissa Stevedores Ltd

LT Loan

CRISIL C

740

Downgraded

from CRISIL BB Pan Synthetics Pvt. Ltd.

Buyer`s Credit

CRISIL BB-

220

Migrated (Issuer Not Cooperating) Pan Synthetics Pvt. Ltd.

LT Loan

CRISIL BB-

30

Migrated (Issuer Not Cooperating) Paramount Conductors Ltd

CC

CRISIL D

110

Downgraded

from CRISIL B (Issuer Not Cooperating) Paramount Conductors Ltd

Proposed LT Bk

CRISIL D

42.5

Downgraded

Loan Fac

from CRISIL B (Issuer Not Cooperating) Paramount Conductors Ltd

TL

CRISIL D

7.5

Downgraded

from CRISIL B (Issuer Not Cooperating) Pilania Industries (India) Pvt Ltd

CC

CRISIL BB

200

Migrated from

CRISIL B+ (Issuer Not Cooperating) Real Innerspring Technologies Pvt Ltd CC

CRISIL BB

60

Migrated (Issuer Not Cooperating) Real Innerspring Technologies Pvt Ltd Proposed LT Bk

CRISIL BB

5

Migrated

Loan Fac (Issuer Not Cooperating) Real Innerspring Technologies Pvt Ltd TL

CRISIL BB

40

Migrated (Issuer Not Cooperating) S. N. Bhobe and Associates Pvt Ltd

CC

CRISIL BB

10

Migrated from

CRISIL BB

Rating

Withdrawn (Issuer Not Cooperating) Shimla Auto

CC

CRISIL B

50

Migrated (Issuer Not Cooperating) Shimla Auto

TL

CRISIL B

6.3

Migrated (Issuer Not Cooperating) Shrawasthi Agrotech Pvt Ltd

CC

CRISIL BB+

200

Migrated (Issuer Not Cooperating) Shrawasthi Agrotech Pvt Ltd

Proposed LT Bk

CRISIL BB+

6.9

Migrated

Loan Fac (Issuer Not Cooperating) Shrawasthi Agrotech Pvt Ltd

TL

CRISIL BB+

3.1

Migrated (Issuer Not Cooperating) Shukra Jewellery Ltd

TL

CRISIL BB-

170.5 Assigned Sri Padmavathi Srinivasa Parboiled Rice Proposed CC Limit CRISIL B+

10

Assigned Industries Sri Padmavathi Srinivasa Parboiled Rice CC

CRISIL B+

10

Assigned Industries Sumip Composites Pvt Ltd

CC

CRISIL BB+

50

Migrated (Issuer Not Cooperating) Sumip Composites Pvt Ltd

TL

CRISIL BB+

79

Migrated (Issuer Not Cooperating) Timespac India Pvt Ltd

CC

CRISIL B+

90.5

Migrated (Issuer Not Cooperating) Timespac India Pvt Ltd

Proposed LT Bk

CRISIL B+

30.3

Migrated

Loan Fac (Issuer Not Cooperating) Timespac India Pvt Ltd

WC TL

CRISIL B+

56.7

Migrated (Issuer Not Cooperating) Tirth Agro Technology Pvt Ltd

CC

CRISIL A-

1250

Reaffirmed Tirth Agro Technology Pvt Ltd

TL

CRISIL A-

460

Reaffirmed Tiruchendur Murugan Hi-Tech Mill

CC

CRISIL BB

100

Reaffirmed Trotting Wheels Pvt Ltd

Proposed LT Bk

CRISIL B

230

Assigned

Loan Fac TTK Prestige Ltd

CC

CRISIL AA

1100

Upgraded from

CRISIL AA- TTK Prestige Ltd

Proposed LT Bk

CRISIL AA-

250

Withdrawn

Loan Fac Xplore-Tech Services Pvt Ltd

Foreign Currency TLCRISIL BBB+

600

Reaffirmed -------------------------------------------------------------------------------------------- $: 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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