CRISIL ratings for Indian debt instruments-Oct 5

Published 05-10-2017, 10:27 am
Updated 05-10-2017, 10:30 am
© Reuters.

Oct 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of October 4, 2017. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ------

----------

------

----- --------- SHORT TERM RATINGS: ------------------- Ajanta Soya Ltd

BG^

CRISIL A3

20

Reaffirmed ^One-way fully changeable to LC limit Ajanta Soya Ltd

Foreign Exchange CRISIL A3

100

Reaffirmed

Forward** **Notional forward contract exposure being Rs 300 crore based on documentary evidence method. Ajanta Soya Ltd

LOC#

CRISIL A3

830

Reaffirmed Associated Plasmatron Pvt Ltd

BG

CRISIL A4+

5

Upgraded from

CRISIL A4 G. Eshwar Reddy and Sons

BG

CRISIL A4+

50

Reaffirmed IIFL Wealth Finance Ltd

ST Debt Issue*

CRISIL A1+

40000 Assigned IIFL Wealth Finance Ltd

ST Debt

CRISIL A1+

48000 Reaffirmed (Including Commercial Paper) IIFL Wealth Management Ltd

ST Debt Issue*

CRISIL A1+

20000 Assigned IIFL Wealth Management Ltd

ST Debt

CRISIL A1+

5000

Reaffirmed INFINA Finance Pvt Ltd

CP*

CRISIL A1+

75000 Assigned INFINA Finance Pvt Ltd

CP*

CRISIL A1+

75000 Withdrawal INFINA Finance Pvt Ltd

CP*

CRISIL A1+

75000 Reaffirmed INFINA Finance Pvt Ltd

CP

CRISIL A1+

4500

Reaffirmed KEC International (NS:KECL) Ltd

CP

CRISIL A1+

8000

Assigned Mahindra and Mahindra Financial

ST Bk Fac

CRISIL A1+

14370 Reaffirmed Services Ltd Praveen Electrical Works

BG

CRISIL A4

110

Assigned The Sirsa Bansivat Cooperative Labour BG

CRISIL A4

45

Reaffirmed And Construction Society Ltd Thomas Cook (NS:THOM) India Ltd

BG^

CRISIL A1+

1850

Reaffirmed ^ Facility of Rs 120 crore interchangeable with LC of up to Rs 25 crore Thomas Cook India Ltd

LOC#

CRISIL A1+

1800

Reaffirmed # Facility of Rs 85.0 crore interchangeable with PSFC and bank guarantee of up to Rs 25 crore & Facility of Rs 49.0 crore interchangeable with LC of up to Rs 25 crore; facility of Rs 100.0 crore fully interchangeable with LC and bank guarantee. Thomas Cook India Ltd

Overdraft&

CRISIL A1+

1740

Reaffirmed Universal Medicare Pvt Ltd

BG

CRISIL A1+

5

Reaffirmed Universal Medicare Pvt Ltd

LOC

CRISIL A1+

10

Reaffirmed V M R Constructions

BG

CRISIL A4+

180

Reaffirmed LONG TERM RATINGS: ------------------- Abdul Jaleel MM

TL

CRISIL B

20

Assigned Abdul Jaleel MM

CC

CRISIL B

35

Assigned Abdul Jaleel MM

Proposed LT Bk

CRISIL B

45

Assigned

Loan Fac Ajanta Soya Ltd

CC*

CRISIL BBB-

350

Reaffirmed *One-way changeable to letter of credit (LC) limit up to Rs 20 crore Alcobrew Distilleries India Pvt Ltd

Bill Discounting CRISIL BBB

150

Upgraded from

CRISIL BBB- Alcobrew Distilleries India Pvt Ltd

CC

CRISIL BBB

542.5 Upgraded from

CRISIL BBB- Alcobrew Distilleries India Pvt Ltd

LT Loan

CRISIL BBB

102.5 Upgraded from

CRISIL BBB- Alcobrew Distilleries India Pvt Ltd

Proposed LT Bk

CRISIL BBB

205

Upgraded from

Loan Fac

CRISIL BBB- Ashcons Infrastructure Pvt Ltd

CC

CRISIL BB

100

Reaffirmed Associated Plasmatron Pvt Ltd

CC

CRISIL BB-

16

Upgraded from

CRISIL B+ Associated Plasmatron Pvt Ltd

LT Loan

CRISIL BB-

108

Upgraded from

CRISIL B+ Associated Plasmatron Pvt Ltd

Overdraft

CRISIL BB-

7

Upgraded from

CRISIL B+ Bhadrashree Steel and Power Ltd

Secured Overdraft CRISIL BB+

120

Assigned

Fac Edelweiss Housing Finance Ltd

LT Bk Fac^

CRISIL AA

7150

Reaffirmed ^Interchangeable between short term and long term Edelweiss Housing Finance Ltd

Overdraft

CRISIL AA

1200

Reaffirmed Edelweiss Housing Finance Ltd

Proposed LT Bk

CRISIL AA

5000

Reaffirmed

Loan Fac^ G. Eshwar Reddy and Sons

Proposed LT Bk

CRISIL BB-

30

Reaffirmed

Loan Fac G. Eshwar Reddy and Sons

Secured Overdraft CRISIL BB-

100

Reaffirmed

Fac Jindal Steels (Bangalore)

CC

CRISIL BB-

580

Assigned Jindal Steels (Bangalore)

Channel Financing CRISIL BB-

20

Assigned Khandelwal Group Pvt Ltd

Electronic Dealer CRISIL BB-

100

Assigned

Financing

Scheme(e-DFS) Kotak Mahindra Investments Ltd

LT Bk Fac

CRISIL AAA

2000

Reaffirmed Kotak Mahindra Investments Ltd

Proposed LT Bk

CRISIL AAA

6250

Reaffirmed

Loan Fac* *Interchangeable with short term facilities Kotak Mahindra Investments Ltd

WC Demand Loan

CRISIL AAA

6750

Reaffirmed Mahindra and Mahindra Financial

CC

CRISIL AA+

19570 Reaffirmed Services Ltd Mahindra and Mahindra Financial

LT Bk Fac

CRISIL AA+

120900 Reaffirmed Services Ltd Mahindra and Mahindra Financial

Proposed LT Bk

CRISIL AA+

51590 Reaffirmed Services Ltd

Loan Fac Manappuram Finance Ltd

TL

CRISIL AA-

2500

Reaffirmed Praveen Electrical Works

Proposed LT Bk

CRISIL B+

30

Assigned

Loan Fac Praveen Electrical Works

Overdraft

CRISIL B+

60

Assigned Salasar Dineshchandra Infraprojects Pvt Proposed LT Bk

CRISIL A(SO) 91.1

Assigned Ltd

Loan Fac Salasar Dineshchandra Infraprojects Pvt TL

CRISIL A(SO) 1700

Assigned Ltd Shree Halasidhanath Sahakari Sakhar

CC

CRISIL B-

300

Assigned Karkhana Ltd Shree Halasidhanath Sahakari Sakhar

Proposed LT Bk

CRISIL B-

350

Assigned Karkhana Ltd

Loan Fac Shree Siddhivinayaka Cotton Corporation CC*

CRISIL A

200

Reaffirmed *Interchangeable with working capital demand loan to the extent of Rs.10 crore Shree Siddhivinayaka Cotton Corporation Proposed LT Bk

CRISIL A

126.5 Reaffirmed

Loan Fac Shree Siddhivinayaka Cotton Corporation TL

CRISIL A

78.5

Assigned SOTC Travel Ltd

TL

CRISIL AA-

540

Assigned The Sirsa Bansivat Cooperative Labour CC

CRISIL B+

30

Reaffirmed And Construction Society Ltd Thomas Cook India Ltd

CC*

CRISIL AA-

650

Reaffirmed

* Fully interchangeable with WCDL, commercial paper, and LC Thomas Cook India Ltd

Overdraft$

CRISIL AA-

1350

Reaffirmed Travel Corporation India Ltd

TL

CRISIL AA-

160

Assigned Universal Medicare Pvt Ltd

CC#

CRISIL A+

50

Reaffirmed #Inclusive of sub-limit for working capital demand loan up to Rs 5 crore Universal Medicare Pvt Ltd

Export Packing

CRISIL A+

2.5

Reaffirmed

Credit Universal Medicare Pvt Ltd

FB Fac*

CRISIL A+

150

Reaffirmed *Interchangeable with non-fund based limit to the extent of Rs 10 crore Universal Medicare Pvt Ltd

Proposed CC Limit CRISIL A+

62.5

Reaffirmed V M R Constructions

CC

CRISIL BB

10

Reaffirmed Vikash Residential Institutions

TL

CRISIL BB-

350

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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