CRISIL ratings for Indian debt instruments-Oct 14 By Reuters


© Reuters. CRISIL ratings for Indian debt instruments-Oct 14

Oct 14 (Reuters) – Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:)) for local debt instruments as of October 11, 2019.

COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) ——

———-

——

—– ——— SHORT TERM RATINGS: ——————- Aggarwal and Company – Bhavnagar

CRISIL A4+

Reaffirmed AIREF Engineers Pvt Ltd

CRISIL A2+

Reaffirmed Aqua Alloys Pvt Ltd

CRISIL A3

Reaffirmed Aqua Alloys Pvt Ltd

Foreign

CRISIL A3

Reaffirmed

Discounting Bill

Purchase Aqua Alloys Pvt Ltd

Inland/Import LOC CRISIL A3

Reaffirmed Aqua Alloys Pvt Ltd

Packing Credit

CRISIL A3

Reaffirmed Aqua Alloys Pvt Ltd

Sales Bill

CRISIL A3

Reaffirmed

Discounting B. Patel Infrastructure Pvt Ltd

CRISIL A4+

Reaffirmed Commercial Syn Bags Ltd

CRISIL A3+

Reaffirmed

and Withdrawn Commercial Syn Bags Ltd

Export Packing

CRISIL A3+

215.5 Reaffirmed

Credit

and Withdrawn Commercial Syn Bags Ltd

CRISIL A3+

Reaffirmed

and Withdrawn Commercial Syn Bags Ltd

LOC & BG

CRISIL A3+

Reaffirmed

and Withdrawn Emmbros Autocomp Ltd

CRISIL A3

1.2 Migrated from CRISIL A4+ (Issuer not cooperating) Guru Ashish Shipbreakers

CRISIL A4+

Reaffirmed Hans Industries Pvt Ltd

CRISIL A4+

Reaffirmed Hans Industries Pvt Ltd

CRISIL A4+

Reaffirmed IKAA Granito Pvt Ltd

CRISIL A4+

Reaffirmed Karolia Lighting Pvt Ltd

CRISIL A3

15 Upgraded from CRISIL A4+ Karolia Lighting Pvt Ltd

CRISIL A3

10 Upgraded from CRISIL A4+ Krishnaping Alloys Ltd

CRISIL A4+

Reaffirmed Krishnaping Minerals Pvt Ltd

CRISIL A4+

Reaffirmed Maithan Steel and Power Ltd

LOC & BG

CRISIL A3+

Assigned Maithan Steel and Power Ltd

CRISIL A3+

Assigned Milestones Engineering Pvt Ltd

CRISIL A4+

Reaffirmed Milestones Engineering Pvt Ltd

CRISIL A4+

Reaffirmed Milestones Switchgears Pvt Ltd

CRISIL A3

52.5 Upgraded from CRISIL A4+ NCTI Llp

CRISIL A4+

Assigned Parshotam Lal & Co.

Letter Of GuaranteeCRISIL A4+

Reassigned Sanzyme Biologics Pvt Ltd

LOC & BG

CRISIL A1

Reaffirmed Sanzyme Pvt Ltd

Inland/Import LOC CRISIL A1

Reaffirmed Sastasundar Healthbuddy Ltd

CRISIL A4

Reaffirmed Sharmili Spices Pvt Ltd

Foreign Bill

CRISIL A4+

Reaffirmed

Purchase Sharmili Spices Pvt Ltd

Packing Credit

CRISIL A4+

Reaffirmed United Coke Pvt Ltd

CRISIL A4+

Reaffirmed Agrawal Iron & Industries

CRISIL D

26.8 Downgraded from CRISIL B/Stable Agrawal Iron & Industries

LT Loan

CRISIL D

120 Downgraded from CRISIL B/Stable Agrawal Iron & Industries

Proposed LT Bk

CRISIL D

3.2 LONG TERM RATINGS: ——————- Aarna Foundation

Proposed LT Bk

CRISIL

Assigned

Loan Fac

B+/Stable Aggarwal and Company – Bhavnagar

CRISIL

Reaffirmed

BB+/Stable

Loan Fac Downgraded from CRISIL B/Stable AIREF Engineers Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BBB+/Negative Anil Corner

CRISIL B/Stable65 Downgraded from CRISIL B+/Stable Annapurna Finance Pvt Ltd

LT Bk Fac

CRISIL

Reaffirmed

A-/Stable Annapurna Finance Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Assigned

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Reaffirmed

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Reaffirmed

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Reaffirmed

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Reaffirmed

A-/Stable Annapurna Finance Pvt Ltd

CRISIL

Reaffirmed

A-/Stable Aqua Alloys Pvt Ltd

CRISIL

Reaffirmed

BBB-/Stable Aqua Alloys Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BBB-/Stable B. Patel Infrastructure Pvt Ltd

CRISIL

Reaffirmed

BB/Stable B. Patel Infrastructure Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BB/Stable Chhaya – Lucknow

Proposed LT Bk

CRISIL

Assigned

Loan Fac

B+/Stable Commercial Syn Bags Ltd

CRISIL

106.5 Reaffirmed

BBB/Stable

and Withdrawn Commercial Syn Bags Ltd

Proposed WC Fac

CRISIL

Reaffirmed

BBB/Stable

and Withdrawn Commercial Syn Bags Ltd

CRISIL

273.5 Reaffirmed

BBB/Stable

and Withdrawn Designmate India Pvt Ltd

Overdraft

CRISIL D

110 Downgraded from CRISIL B-/Stable Emmbros Autocomp Ltd

CRISIL

BBB-/Stable Migrated from CRISIL BB+/Stable (Issuer not cooperating) Emmbros Autocomp Ltd

LT Loan

CRISIL

BBB-/Stable Migrated from CRISIL BB+/Stable (Issuer not cooperating) Emmbros Autocomp Ltd

Proposed LT Bk

CRISIL

Loan Fac

BBB-/Stable Migrated from CRISIL BB+/Stable (Issuer not cooperating) ESS AAR Automotive Pvt Ltd

FB Fac

CRISIL

Reaffirmed

BB-/Stable Guru Ashish Shipbreakers

CRISIL

Reaffirmed

BB+/Stable Hans Industries Pvt Ltd

CRISIL

Reaffirmed

BB+/Stable IKAA Granito Pvt Ltd

CRISIL

BB/Stable Upgraded from CRISIL BB-/Stable IKAA Granito Pvt Ltd

CRISIL

272.7

BB/Stable Upgraded from CRISIL BB-/Stable Jagdhatri Papers Pvt Ltd

CRISIL

Reaffirmed

BB+/Stable Jagdhatri Papers Pvt Ltd

LT Loan

CRISIL

Reaffirmed

BB+/Stable Karolia Lighting Pvt Ltd

CRISIL

BBB-/Stable Upgraded from CRISIL BB+/Stable Karolia Lighting Pvt Ltd

Proposed LT Bk

CRISIL

Loan Fac

BBB-/Stable Upgraded from CRISIL BB+/Stable Krishnaping Alloys Ltd

CRISIL

BB/Stable Upgraded from CRISIL BB-/Stable Krishnaping Minerals Pvt Ltd

CRISIL

BB/Stable Maithan Steel and Power Ltd

Proposed LT Bk

CRISIL

Assigned

Loan Fac

BBB/Stable Maithan Steel and Power Ltd

Proposed CC Limit CRISIL

102.4 Assigned

BBB/Stable Maithan Steel and Power Ltd

LT Loan

CRISIL

123.6 Assigned

BBB/Stable Maithan Steel and Power Ltd

CRISIL

Assigned

BBB/Stable Milestones Engineering Pvt Ltd

CRISIL

Reaffirmed

BB+/Stable Milestones Engineering Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BB+/Stable Milestones Switchgears Pvt Ltd

CRISIL

BBB-/Stable Upgraded from CRISIL BB+/Stable Milestones Switchgears Pvt Ltd

Proposed LT Bk

CRISIL

Loan Fac

BBB-/Stable Upgraded from CRISIL BB+/Stable NCTI Llp

Proposed LT Bk

CRISIL

Assigned

Loan Fac

BB/Stable NCTI Llp

CRISIL

Assigned

BB/Stable Parshotam Lal & Co.

CRISIL

Reaffirmed

BB-/Stable

* Packing Credit of Rs. 7 crore is a sub-limit of cash credit limit. S V Engineering Constructions India Pvt CC

CRISIL B/Stable35 Ltd Assigned; Suspension Revoked S V Engineering Constructions India Pvt Proposed LT Bk

CRISIL B/Stable65 Ltd

Loan Fac Assigned; Suspension Revoked Sanzyme Biologics Pvt Ltd

CRISIL

A+/Stable Upgraded from CRISIL A/Positive Sanzyme Biologics Pvt Ltd

Proposed LT Bk

CRISIL

Loan Fac

A+/Stable Sanzyme Pvt Ltd

CRISIL

A+/Stable Upgraded from CRISIL A/Positive Sanzyme Pvt Ltd

Proposed LT Bk

CRISIL

Loan Fac

A+/Stable Upgraded from CRISIL A/Positive Sastasundar Healthbuddy Ltd

CRISIL B/Stable200 Downgraded from CRISIL B+/Stable Sastasundar Healthbuddy Ltd

Proposed CC Limit CRISIL B/Stable40 Downgraded from CRISIL B+/Stable Shoppers International Malls Pvt Ltd

Cash TL

CRISIL D

270 Downgraded from CRISIL B-/Stable Sujan Cooper Standard AVS Pvt Ltd

CRISIL

343.2

BBB-/Stable Removed from Rating Watch with Negative Implications; Rating Reaffirmed Sujan Cooper Standard AVS Pvt Ltd

CRISIL

341.8

BBB-/Stable Removed from Rating Watch with Negative Implications; Rating Reaffirmed SVS Marine Services Pvt Ltd

CRISIL

Reaffirmed

BB+/Stable SVS Marine Services Pvt Ltd

Cash TL

CRISIL

Reaffirmed

BB+/Stable SVS Marine Services Pvt Ltd

Proposed FB Bk

CRISIL

212.2 Reaffirmed

Limits

BB+/Stable SVS Marine Services Pvt Ltd

CRISIL

218.5 Reaffirmed

BB+/Stable Swadeshi Textiles Pvt Ltd

CRISIL

Reaffirmed

BB-/Stable T K Precision Pvt Ltd

CRISIL

BB-/Stable Downgraded from CRISIL BB/Stable T K Precision Pvt Ltd

CRISIL

BB-/Stable Downgraded from CRISIL BB/Stable Tirumalai Textiles

CRISIL

Reaffirmed

BB/Stable Tirumalai Textiles

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BB/Stable United Coke Pvt Ltd

CRISIL

Reaffirmed

BB+/Stable VST Spintex India Pvt Ltd

Bill Discounting CRISIL

Reaffirmed

BB-/Stable VST Spintex India Pvt Ltd

CRISIL

153.6 Reaffirmed

BB-/Stable VST Spintex India Pvt Ltd

Proposed LT Bk

CRISIL

Reaffirmed

Loan Fac

BB-/Stable VST Spintex India Pvt Ltd

CRISIL

Reaffirmed

BB-/Stable Windar Renewable Energy Pvt Ltd

Proposed LT Bk

CRISIL

Loan Fac

BBB/Stable Rating Withdrawn Windar Renewable Energy Pvt Ltd

CRISIL

BBB/Stable Rating Withdrawn Yuwak Vikas Samiti

Proposed LT Bk

CRISIL

Assigned

Loan Fac

B+/Stable ——————————————————————————————– $: 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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