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  3. CRISIL ratings for Indian debt instruments-Apr 15

CRISIL ratings for Indian debt instruments-Apr 15

Mon, 15th Apr 2019 07:04

Apr 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of April 12, 2019. 

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
------------------- 
A.N.E. Industries Pvt Ltd               BG                 CRISIL A4      250     Reaffirmed
Anandji Haridas and Co. Pvt Ltd         BG                 CRISIL A3      3       Reaffirmed
Anandji Haridas and Co. Pvt Ltd         LOC                CRISIL A3      80      Reaffirmed
Asian Leather Pvt Ltd                   BG                 CRISIL A3      3       Reaffirmed
Asian Leather Pvt Ltd                   Export Packing     CRISIL A3      140     Reaffirmed
                                        Credit
Asian Leather Pvt Ltd                   LOC                CRISIL A3      4       Reaffirmed
BLS International Services Ltd          BG                 CRISIL A2      225     Reaffirmed
Centaur Pharmaceuticals Pvt Ltd         BG                 CRISIL A1      20      Upgraded from
                                                                                  CRISIL A2+
Centaur Pharmaceuticals Pvt Ltd         LOC                CRISIL A1      70      Upgraded from
                                                                                  CRISIL A2+
Comfort Securities Ltd                  BG                 CRISIL A4      300     Reaffirmed
Emkay Taps and Cutting Tools Ltd        LOC                CRISIL A2+     13.5    Reaffirmed
Green Gold Timbers Pvt Ltd              Import LOC Limit   CRISIL A4      335     Assigned
Hexagon-Midco India Pvt Ltd             BG                 CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
Hexagon-Midco India Pvt Ltd             Import LOC Limit   CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
IDMC Ltd                                BG                 CRISIL A1      6742.7  Reaffirmed
IDMC Ltd                                LOC                CRISIL A1      547.3   Reaffirmed
Larsen and Toubro Ltd                   CP                 CRISIL A1+     100000  Reaffirmed
Limson Engineering Pvt Ltd              BG                 CRISIL A4+     35      Reaffirmed
Limson Engineering Pvt Ltd              LOC                CRISIL A4+     15      Reaffirmed
Met-Rolla Iron and Strips Co. Ltd       LOC                CRISIL A4      60      Reaffirmed
Micro Plastics Pvt Ltd                  Capex LOC          CRISIL A2+     250     Reaffirmed
Micro Plastics Pvt Ltd                  Inland/Import LOC  CRISIL A2+     110     Reaffirmed
On Load Gears                           BG                 CRISIL A3      10      Reaffirmed
R. S. Construction - Mumbai             BG                 CRISIL A4      50      Reaffirmed
Remi Edelstahl Tubulars Ltd             BG                 CRISIL A4+     200     Upgraded from
                                                                                  CRISIL A4
Remi Edelstahl Tubulars Ltd             LOC                CRISIL A4+     132.5   Upgraded from
                                                                                  CRISIL A4
RLC Engineers Pvt Ltd                   Packing Credit     CRISIL A4+     10      Assigned
RLC Engineers Pvt Ltd                   Overdraft          CRISIL A4+     40      Assigned
RLC Engineers Pvt Ltd                   BG                 CRISIL A4+     4       Assigned
RLC Engineers Pvt Ltd                   LOC                CRISIL A4+     15      Assigned
Samcon Industrial Controls Pvt Ltd      BG                 CRISIL A4+     20      Reaffirmed
Samcon Industrial Controls Pvt Ltd      LOC                CRISIL A4+     5       Reaffirmed
Shreno Ltd                              ST Bk Fac          CRISIL A1      250     -
Continues on 'Rating Watch with Developing Implications'
Shreno Ltd                              CP Programme       CRISIL A1      200     -
(Continues on 'Rating Watch with Developing Implications')
Swam Pneumatics Pvt Ltd                 BG                 CRISIL A3      160     Assigned
Swam Pneumatics Pvt Ltd                 LOC                CRISIL A3      20      Assigned
Trinity Engineers Pvt Ltd               Bill Purch-Disc FacCRISIL A4      20      Reaffirmed
Trinity Engineers Pvt Ltd               LOC                CRISIL A4      40      Reaffirmed
MEDIUM TERM RATINGS: ------------------- 
Larsen and Toubro Ltd                   FD Programme       FAAA           -       Reaffirmed
Tarak Chemicals Ltd                     FD                 FB+            20      -
(ISSUER NOT COOPERATING)
LONG TERM RATINGS: ------------------- 
A.N.E. Industries Pvt Ltd               CC                 CRISIL B       238.2   Reaffirmed
A.N.E. Industries Pvt Ltd               Proposed LT Bk     CRISIL B       151.8   Reaffirmed
                                        Loan Fac
Agsar Paints Pvt Ltd                    CC                 CRISIL BB-     100     Reaffirmed
Agsar Paints Pvt Ltd                    LT Loan            CRISIL BB-     19.4    Reaffirmed
Agsar Paints Pvt Ltd                    Proposed LT Bk     CRISIL BB-     0.6     Reaffirmed
                                        Loan Fac
Anandji Haridas and Co. Pvt Ltd         Bill Discounting   CRISIL BBB-    10.1    Reaffirmed
Anandji Haridas and Co. Pvt Ltd         CC                 CRISIL BBB-    110     Reaffirmed
Anandji Haridas and Co. Pvt Ltd         TL                 CRISIL BBB-    41.2    Reaffirmed
Asian Leather Pvt Ltd                   Foreign Bill       CRISIL BBB-    40      Reaffirmed
                                        Discounting
Asian Leather Pvt Ltd                   Proposed FB Bk     CRISIL BBB-    13      Reaffirmed
                                        Limits
Avinash Doda                            CC                 CRISIL D       80      Downgraded
                                                                                  from CRISIL B+
Centaur Pharmaceuticals Pvt Ltd         CC                 CRISIL A-      650     Reaffirmed
Centaur Pharmaceuticals Pvt Ltd         Packing Credit     CRISIL A-      350     Reaffirmed
Centaur Pharmaceuticals Pvt Ltd         Proposed LT Bk     CRISIL A-      30      Reaffirmed
                                        Loan Fac
Centaur Pharmaceuticals Pvt Ltd         Standby Line of    CRISIL A-      30      Reaffirmed
                                        Credit
Comfort Securities Ltd                  Proposed LT Bk     CRISIL B-      150     Reaffirmed
                                        Loan Fac
Dairy Classic Ice Creams Pvt Ltd        CC                 CRISIL A-      75      Upgraded from
                                                                                  CRISIL BBB+
Dairy Classic Ice Creams Pvt Ltd        Cash TL            CRISIL A-      420     Upgraded from
                                                                                  CRISIL BBB+
Dairy Classic Ice Creams Pvt Ltd        Proposed LT Bk     CRISIL A-      25      Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Emkay Taps and Cutting Tools Ltd        CC                 CRISIL BBB+    40      Reaffirmed
Emkay Taps and Cutting Tools Ltd        Proposed LT Bk     CRISIL BBB+    46.5    Reaffirmed
                                        Loan Fac
Emkay Taps and Cutting Tools Ltd        TL                 CRISIL BBB+    10      Reaffirmed
Evershine Dynamic Corporation Ltd       CC                 CRISIL BB-     150     Assigned

Expo Gas Containers Ltd                 Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
Finns Frozen Foods India Ltd            Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
Green Gold Timbers Pvt Ltd              CC                 CRISIL B       85      Assigned
GVR Khandaphod Bijwad Road Project Pvt  LT Loan            CRISIL D       2000    Downgraded
Ltd                                                                               from CRISIL B+
Hari Bhog Overseas                      CC                 CRISIL B+      90      Upgraded from
                                                                                  CRISIL B
Hari Bhog Overseas                      TL                 CRISIL B+      10      Upgraded from
                                                                                  CRISIL B
Hexagon-Midco India Pvt Ltd             CC                 CRISIL BB-     40      Upgraded from
                                                                                  CRISIL B+
IDMC Ltd                                Proposed LT Bk     CRISIL A+      400     Reaffirmed
                                        Loan Fac
Jodhpur Wind Farms Pvt Ltd              CC                 CRISIL A+      200     Assigned
Jodhpur Wind Farms Pvt Ltd              LT Loan            CRISIL A+      2920    Assigned
Kaynes Technology India Pvt Ltd         Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
Khandelwal Edible Oils Ltd              CC                 CRISIL BB+     100     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB' and Removed from 'Rating Watch with
Developing Implications') 
Khandelwal Edible Oils Ltd              Proposed LT Bk     CRISIL BB+     100     -
                                        Loan Fac
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB' and Removed from 'Rating Watch with
Developing Implications') 
KLE Technological University            Proposed LT Bk     CRISIL BBB+    100     Assigned
                                        Loan Fac
KLE Technological University            TL                 CRISIL BBB+    90      Assigned
Larsen and Toubro Ltd                   FB Fac             CRISIL AAA     100000  Reaffirmed
Larsen and Toubro Ltd                   WC Fac             CRISIL AAA     850000  Assigned
Larsen and Toubro Ltd                   NCD                CRISIL AAA     15000   Assigned
Larsen and Toubro Ltd                   NCD                CRISIL AAA     20500   Reaffirmed
Larsen and Toubro Ltd                   Inflation-linked   CRISIL AAA     1000    Reaffirmed
                                        Capital-Indexed NCD
Latur Renewable Pvt Ltd                 CC                 CRISIL A+      200     Assigned
Latur Renewable Pvt Ltd                 TL                 CRISIL A+      2880    Assigned
Limson Engineering Pvt Ltd              CC                 CRISIL BB-     45      Reaffirmed
Limson Engineering Pvt Ltd              TL                 CRISIL BB-     5       Reaffirmed
Met-Rolla Iron and Strips Co. Ltd       CC                 CRISIL B       15      Reaffirmed
Micro Plastics Pvt Ltd                  Cash TL            CRISIL A-      390     Reaffirmed
Micro Plastics Pvt Ltd                  Export Packing     CRISIL A-      500     Reaffirmed
                                        Credit
Micro Plastics Pvt Ltd                  Proposed LT Bk     CRISIL A-      77      Reaffirmed
                                        Loan Fac
Mohini Health and Hygiene Ltd           CC                 CRISIL BB+     150     -
(ISSUER NOT COOPERATING)
Mohini Health and Hygiene Ltd           LT Loan            CRISIL BB+     100     -
(ISSUER NOT COOPERATING)
Muthoot Homefin India Ltd               CC                 CRISIL AA      250     Reaffirmed
Muthoot Homefin India Ltd               Proposed LT Bk     CRISIL AA      2500    Reaffirmed
                                        Loan Fac
Muthoot Homefin India Ltd               TL                 CRISIL AA      11900   Reaffirmed
Muthoot Homefin India Ltd               WC Demand Loan     CRISIL AA      350     Reaffirmed
Muthoot Homefin India Ltd               NCD @              CRISIL AA      3000    Reaffirmed
@public issue of retail secured redeemable non-convertible debenture
Nandu Chemicals Pvt Ltd                 CC                 CRISIL B       33      Reaffirmed
Nandu Chemicals Pvt Ltd                 Proposed CC Limit  CRISIL B       19.6    Reaffirmed
Nandu Chemicals Pvt Ltd                 TL                 CRISIL B       59.8    Reaffirmed
Omkar Speciality Chemicals Ltd          Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
On Load Gears                           CC                 CRISIL BBB-    85      Reaffirmed
On Load Gears                           Proposed LT Bk     CRISIL BBB-    9       Reaffirmed
                                        Loan Fac
Palathumpattu Sky Jewellery             CC                 CRISIL BB-     100     Reaffirmed
Palathumpattu Sky Jewellery             Proposed LT Bk     CRISIL BB-     9       Reaffirmed
                                        Loan Fac
Patel Incorporation                     Overdraft          CRISIL BB-     74      Upgraded from
                                                                                  CRISIL B+
Patel Incorporation                     Proposed LT Bk     CRISIL BB-     1       Upgraded from
                                        Loan Fac                                  CRISIL B+
Perfect Infraengineers Ltd              Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
Prahlad Ispat Pvt Ltd                   CC                 CRISIL B       77.5    -
(ISSUER NOT COOPERATING)
R. S. Construction - Mumbai             CC                 CRISIL B       10      Downgraded
from
                                                                                  CRISIL B+
R. S. Construction - Mumbai             Proposed LT Bk     CRISIL B       40      Downgraded
from
                                        Loan Fac                                  CRISIL B+
Remi Edelstahl Tubulars Ltd             CC                 CRISIL BB-     150     Upgraded from
                                                                                  CRISIL B+
RLC Engineers Pvt Ltd                   Proposed LT Bk     CRISIL BB      1       Assigned
                                        Loan Fac
Samcon Industrial Controls Pvt Ltd      CC                 CRISIL BB-     45      Reaffirmed

Samcon Industrial Controls Pvt Ltd      Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Samcon Industrial Controls Pvt Ltd      TL                 CRISIL BB-     20      Reaffirmed
Satish Agro Industries                  WC Fac             CRISIL B-      60      Assigned
Shakti International Pvt Ltd            LOC                -              500     Withdrawn
Shakti International Pvt Ltd            LOC                -              150     Withdrawn
Shreno Ltd                              CC^                CRISIL A       150     -
Continues on 'Rating Watch with Developing Implications'/^One way interchangeable from fund
based to non-fund based limits Shreno Ltd CC* CRISIL A 200 - Continues on 'Rating Watch with Developing Implications'/*Interchangeable with non-fund based limits 

Shreno Ltd                              Overdraft          CRISIL A       50      -
Continues on 'Rating Watch with Developing Implications'
Shreno Ltd                              TL                 CRISIL A       1200    -
Continues on 'Rating Watch with Developing Implications'
Shreno Ltd                              WC Demand Loan     CRISIL A       200     -
Continues on 'Rating Watch with Developing Implications'

Sundaram Finance Ltd - SHRI Trust AA Series A PTCs Provisional 5561 Assigned 

2019                                                       CRISIL AAA
Swam Pneumatics Pvt Ltd                 CC                 CRISIL BBB-    120     Assigned
Trinity Engineers Pvt Ltd               CC                 CRISIL B+      360     Upgraded from
                                                                                  CRISIL B
Trinity Engineers Pvt Ltd               Proposed TL        CRISIL B+      29.5    Upgraded from
                                                                                  CRISIL B
Tropical Mushrooms (Goa) Pvt Ltd        CC                 CRISIL BBB-    17      Reaffirmed
Tropical Mushrooms (Goa) Pvt Ltd        Proposed LT Bk     CRISIL BBB-    60      Reaffirmed
                                        Loan Fac
Tropical Mushrooms (Goa) Pvt Ltd        TL                 CRISIL BBB-    98      Reaffirmed
Uniply Decor Ltd                        Rating Update      -              -       -
Yet to receive adequate information to enable it to undertake a rating review
Veekay PVC Profiles                     LT Loan            -              3.2     Withdrawn
Veekay PVC Profiles                     Secured Overdraft  -              110     Withdrawn
                                        Fac
Zuari Foods And Farms Pvt Ltd           CC                 CRISIL BBB-    18      Reaffirmed
Zuari Foods And Farms Pvt Ltd           Proposed LT Bk     CRISIL BBB-    2.8     Reaffirmed
                                        Loan Fac
Zuari Foods And Farms Pvt Ltd           TL                 CRISIL BBB-    62      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. (Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@thomsonreuters.com)

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