Jul 29 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of July 28, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
ADD Pens Pvt Ltd BG CRISIL A4+ 5 Reaffirmed
(Issuer Not Cooperating)
ADD Pens Pvt Ltd LOC CRISIL A4+ 12.5 Reaffirmed
(Issuer Not Cooperating)
Aditya Aggregates BG CRISIL A4 15 Reaffirmed
(Issuer Not Cooperating)
Allied Electro Mechanicals Pvt Ltd BG CRISIL A4 15 Reaffirmed
(Issuer Not Cooperating)
Allied Electro Mechanicals Pvt Ltd LOC CRISIL A4 2 Reaffirmed
(Issuer Not Cooperating)
Annai Infra Developers Ltd BG CRISIL A4 1691.8 Reaffirmed
(Revised from 'CRISIL A4' to 'CRISIL D' and Simultaneously Upgraded to 'CRISIL A4')
B D Corporates Pvt Ltd BG CRISIL A4+ 15.5 Reaffirmed
Berry Alloys Ltd BG CRISIL A2 100 Reaffirmed
Berry Alloys Ltd LOC CRISIL A2 300 Reaffirmed
Bhaskar Resources Pvt Ltd BG CRISIL A4+ 30 Reaffirmed
(Issuer Not Cooperating)
BLA Udyog Pvt Ltd LOC CRISIL A4+ 50 Reaffirmed
(Issuer Not Cooperating)
Braza Tyres Pvt Ltd LOC CRISIL A4 10 -
(Downgraded from 'CRISIL A4+')
Capshare Impex Pvt Ltd LOC CRISIL A4 10.7 -
(Migrated from 'CRISIL D ISSUER NOT COOPERATING)
CDE Asia Ltd BG CRISIL A2 100 Reaffirmed
Concept Pharmaceuticals Ltd BG CRISIL A3+ 45 Reaffirmed
Concept Pharmaceuticals Ltd LOC CRISIL A3+ 80 Reaffirmed
Drill Jig Bushing Co (Madras) Pvt Ltd Packing Credit CRISIL A4 13 Assigned
D-Vois Communications Pvt Ltd BG CRISIL A3 36 Reaffirmed
Elegant Collection BG CRISIL A2+ 5 Reaffirmed
Elegant Collection Foreign Exchange CRISIL A2+ 20 Reaffirmed
Forward
Elegant Collection Post Shipment CRISIL A2+ 330 Reaffirmed
Credit
Euroasia Trans Continental Import LOC Limit CRISIL A4+ 5 Reaffirmed
(Issuer Not Cooperating)
Explicit Leathers Bill Discounting CRISIL A4 35 Reaffirmed
(Issuer Not Cooperating)
Exquisite Enterprises Pvt Ltd LOC CRISIL A4 57.5 Reaffirmed
(Issuer Not Cooperating)
Garg Agrifoods Pvt Ltd BG CRISIL A4+ 6 Reaffirmed
(Issuer Not Cooperating)
Garg Rice Mill - Pilibhit BG CRISIL A4+ 0.5 Reaffirmed
(Issuer Not Cooperating)
Gujarat Pickers Industries Ltd BG CRISIL A4+ 85 Reaffirmed
H Dipak and Co. Post Shipment CRISIL A2+ 3837.5 Reaffirmed
Credit
H Dipak and Co. Proposed ST Bk CRISIL A2+ 250 Reaffirmed
Loan Fac
H Dipak and Co. Standby Line of CRISIL A2+ 250 Reaffirmed
Credit
Hyquip Systems Ltd BG CRISIL A4 102 Reaffirmed
(Issuer Not Cooperating)
Immanuel and Co. BG CRISIL A4+ 57 Reaffirmed
(Issuer Not Cooperating)
J. B and Brothers Pvt Ltd Pre Shipment Credit CRISIL A2+ 4798 Reaffirmed
Jaipur Golden Transport Co Pvt Ltd BG CRISIL A3+ 20 Reaffirmed
Jamnagar Utilities and Power Pvt Ltd Non-FBL CRISIL A1+ 1000 Reaffirmed
Jamnagar Utilities and Power Pvt Ltd Proposed NFBL CRISIL A1+ 3170 Reaffirmed
Jamnagar Utilities and Power Pvt Ltd CP CRISIL A1+ 40000 Assigned
Jasani India Pvt Ltd Export Packing CRISIL A2+ 350 Reaffirmed
Credit
Jasani India Pvt Ltd Foreign Exchange CRISIL A2+ 2.2 Reaffirmed
Forward
Jasani India Pvt Ltd Post Shipment CRISIL A2+ 106 Reaffirmed
Credit
Jhansi Concrete Products - Jhansi BG CRISIL A4 3 Reaffirmed
(Issuer Not Cooperating)
JMP Manufacturing Company Packing Credit CRISIL A4+ 15 Reaffirmed
Kalpataru Power Transmission Ltd FB Fac CRISIL A1+ 1500 Reaffirmed
Kalpataru Power Transmission Ltd LOC & BG CRISIL A1+ 103190 Reaffirmed
Kalpataru Power Transmission Ltd Proposed LOC & BG CRISIL A1+ 10630 Assigned
Kalpataru Power Transmission Ltd CP CRISIL A1+ 2500 Reaffirmed
Kapu Gems Post Shipment CRISIL A2+ 444.6 Reaffirmed
Credit
Koshambh Multitred Pvt Ltd Import LOC Limit CRISIL A3+ 100 Reaffirmed
KRS Polyfab BG CRISIL A4+ 8 Reaffirmed
KRS Polyfab LOC CRISIL A4+ 20 Reaffirmed
Lancosa Ceramic LLP BG CRISIL A4 20 Reaffirmed
(Issuer Not Cooperating)
Lavis Signature Panel Pvt Ltd BG CRISIL A4+ 10 Reaffirmed
Loknete Baburao Patil Agro Industries ST Loan CRISIL A4+ 350 Reaffirmed
Ltd
(Issuer Not Cooperating)
M/s J. K. Star Foreign Exchange CRISIL A3+ 10 Reaffirmed
Forward
Mahavishnu Cashew Factory Overdraft CRISIL A4 10 Reaffirmed
(Issuer Not Cooperating)
Mahavishnu Cashew Factory Packing Credit CRISIL A4 80 Reaffirmed
(Issuer Not Cooperating)
Manokamana Agrotech Pvt Ltd BG CRISIL A4 40 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Mantora Oil Products Pvt Ltd LOC CRISIL A3+ 600 Reaffirmed
Met-Rolla Steels Ltd LOC CRISIL A3 445 Reaffirmed
Modern Glass Industries BG CRISIL A4 20.9 -
(Upgraded from 'CRISIL D')
Muthoottu Mini Financiers Ltd Northern Arc 2019 CRISIL A1 - -
GL Aurum - Series
A1 PTCs
(Converted from Provisional Rating to Final Rating/Continues on 'Rating Watch with Developing
Implications')
Naresh Exports Post Shipment CRISIL A3 120 Reaffirmed
Credit
Naresh Exports Proposed ST Bk CRISIL A3 60 Reaffirmed
Loan Fac
Narola Gems Post Shipment CRISIL A3+ 214.5 Reaffirmed
Credit
Orissa Bengal Carrier Ltd BG CRISIL A3+ 90 Reaffirmed
Piyush Infratech Pvt Ltd BG CRISIL A4+ 300 Reaffirmed
(Issuer Not Cooperating)
Piyush Infratech Pvt Ltd Proposed BG CRISIL A4+ 5 Reaffirmed
(Issuer Not Cooperating)
Prestige Feed Mills Ltd BG CRISIL A3 2.5 Reaffirmed
Prestige Feed Mills Ltd LOC CRISIL A3 11 Reaffirmed
R. S. Construction - Mumbai BG CRISIL A4 50 Reaffirmed
Rainbow Fabart Pvt Ltd Foreign Exchange CRISIL A4+ 15 -
Forward
(Downgraded from 'CRISIL A3')
Rainbow Fabart Pvt Ltd LOC CRISIL A4+ 25 -
(Downgraded from 'CRISIL A3')
Rainbow Fabart Pvt Ltd Standby Line of CRISIL A4+ 30 -
Credit
(Downgraded from 'CRISIL A3')
Royal Diam Pre Shipment Credit CRISIL A3 585 -
(Downgraded from 'CRISIL A3+')
Samrat Forgings Ltd BG CRISIL A4+ 15 Reaffirmed
Samrat Forgings Ltd LOC CRISIL A4+ 40 Reaffirmed
Sankalp Construction BG CRISIL A3+ 22.5 Withdrawn
(Rating Reaffirmed and Withdrawn)
Sankalp Construction Secured Overdraft CRISIL A3+ 49.5 Withdrawn
against term
deposits
(Rating Reaffirmed and Withdrawn)
Satya Sai Agro Industries BG CRISIL A4 60 Reaffirmed
(Issuer Not Cooperating)
SDB Infrastructure Pvt Ltd BG CRISIL A4 300 Reaffirmed
(Issuer Not Cooperating)
SDB Infrastructure Pvt Ltd Proposed ST Bk CRISIL A4 20 Reaffirmed
Loan Fac
(Issuer Not Cooperating)
Sejal Exports India Post Shipment CRISIL A3 281 Reaffirmed
Credit
Shantilal B. Patel BG CRISIL A3+ 950 Reaffirmed
Sharda Motor Industries Ltd Sales Bill CRISIL A1+ 75 Assigned
Discounting
Shinryo Suvidha Engineers India Pvt Ltd BG CRISIL A3+ 600 Reaffirmed
Shinryo Suvidha Engineers India Pvt Ltd Bill Discounting CRISIL A3+ 70 Reaffirmed
Shree Lalji Energy Foods Pvt Ltd BG CRISIL A4+ 70 Reaffirmed
(Issuer Not Cooperating)
Sikka Ports & Terminals Ltd CP CRISIL A1+ 55000 Reaffirmed
SLN Coffee and Spices Exports Pvt Ltd Packing Credit in CRISIL A4+ 450 Assigned
Foreign Currency
SLN Coffee and Spices Exports Pvt Ltd Non-FBL CRISIL A4+ 20 Assigned
Srishti Apparels BG CRISIL A4+ 5.2 Reaffirmed
(Issuer Not Cooperating)
Srishti Apparels LOC CRISIL A4+ 18 Reaffirmed
(Issuer Not Cooperating)
Star Rays Export Packing CRISIL A2 2625 Reaffirmed
Credit
Star Rays Post Shipment CRISIL A2 975 Reaffirmed
Credit
Sunpower Cement Company Pvt Ltd BG CRISIL A4 28.9 -
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
Sunpower Cement Company Pvt Ltd LOC CRISIL A4 2.1 -
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
Tata Cleantech Capital Ltd ST Bk Fac CRISIL A1+ 1000 Reaffirmed
Tata Cleantech Capital Ltd CP CRISIL A1+ 20000 -
LONG TERM RATINGS:
-------------------
ADD Pens Pvt Ltd CC CRISIL 35 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
ADD Pens Pvt Ltd Proposed LT Bk CRISIL 22.5 Reaffirmed
Loan Fac BB+/Stable
(Issuer Not Cooperating)
Adihm Developers Pvt Ltd Proposed TL CRISIL 500 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Aditya Aggregates CC CRISIL 7.5 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Aditya Aggregates Proposed BG CRISIL 35 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Aditya Aggregates Proposed LT Bk CRISIL 92.5 Reaffirmed
Loan Fac B/Stable
(Issuer Not Cooperating)
Aditya Agri Machineries Proposed FB Bk CRISIL 50 Reaffirmed
Limits B/Stable
(Issuer Not Cooperating)
Alcobrew Distilleries India Pvt Ltd Bill Discounting CRISIL 170 Reaffirmed
BBB+/Negative
Alcobrew Distilleries India Pvt Ltd CC* CRISIL 1630 Reaffirmed
BBB+/Negative
(*Includes Rs 15 crore interchangeability with term loan)
Alcobrew Distilleries India Pvt Ltd LT Loan CRISIL 200 Reaffirmed
BBB+/Negative
Allied Electro Mechanicals Pvt Ltd CC CRISIL 6 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Allied Electro Mechanicals Pvt Ltd Proposed LT Bk CRISIL 57 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Alpine Expo Tex Pvt Ltd CC CRISIL 200 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Alpine Expo Tex Pvt Ltd Proposed CC Limit CRISIL 50 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
American Feed CC CRISIL 28.9 Reaffirmed
B/Stable
(Issuer Not Cooperating)
American Feed Proposed CC Limit CRISIL 1.1 Reaffirmed
B/Stable
(Issuer Not Cooperating)
American Feed Unit-II CC CRISIL B/Stable 26.5 Reaffirmed
(Issuer Not Cooperating)
American Feed Unit-II Proposed CC Limit CRISIL B/Stable 3.5 Reaffirmed
(Issuer Not Cooperating)
Anjali Kitchenware Pvt Ltd CC CRISIL 90 Reaffirmed
BB/Stable
Anjaninandan Premier Packaging Pvt Ltd CC CRISIL 90 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Annai Infra Developers Ltd CC CRISIL 608.2 -
B/Stable
(Revised from 'CRISIL B-/Negative' to 'CRISIL D' and Simultaneously Upgraded to 'CRISIL
B/Stable')
Ashoka Distillers and Chemicals Pvt Ltd CC CRISIL 130 Reaffirmed
BBB/Stable
Ashoka Distillers and Chemicals Pvt Ltd LT Loan CRISIL 67.9 Reaffirmed
BBB/Stable
Ashoka Distillers and Chemicals Pvt Ltd Proposed LT Bk CRISIL 332.1 Reaffirmed
Loan Fac BBB/Stable
B D Corporates Pvt Ltd CC CRISIL 277 Reaffirmed
BB-/Stable
B D Corporates Pvt Ltd Proposed FB Bk CRISIL 37.5 Reaffirmed
Limits BB-/Stable
Berry Alloys Ltd CC CRISIL 300 Reaffirmed
BBB+/Stable
Berry Alloys Ltd Proposed LT Bk CRISIL 210 Reaffirmed
Loan Fac BBB+/Stable
Bharat Heart and Super Speciality LT Loan CRISIL D 276.7 -
Hospitals
(Downgraded from 'CRISIL BB-/Stable')
Bhaskar Resources Pvt Ltd CC CRISIL 40 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Bhaskar Resources Pvt Ltd LT Loan CRISIL 36.5 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
BLA Udyog Pvt Ltd CC CRISIL 190 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
BLA Udyog Pvt Ltd Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac BB+/Stable
(Issuer Not Cooperating)
Braza Tyres Pvt Ltd CC CRISIL 75 -
B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Braza Tyres Pvt Ltd Standby Line of CRISIL 10 -
Credit B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Braza Tyres Pvt Ltd TL CRISIL 21.3 -
B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Capshare Impex Pvt Ltd CC CRISIL 49.5 -
B-/Stable
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
Capshare Impex Pvt Ltd Proposed WC Fac CRISIL 47.3 -
B-/Stable
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
CDE Asia Ltd CC CRISIL 50 Reaffirmed
BBB+/Stable
Concept Pharmaceuticals Ltd CC CRISIL 145.8 Reaffirmed
BBB/Stable
Concept Pharmaceuticals Ltd Foreign Currency CRISIL 121.4 Reaffirmed
Demand Loan BBB/Stable
Concept Pharmaceuticals Ltd Foreign Currency TCRISIL 222.8 Reaffirmed
BBB/Stable
Damodar Jagannath Malpani CC CRISIL 730 Reaffirmed
BBB+/Stable
Damodar Jagannath Malpani Overdraft CRISIL 300 Reaffirmed
BBB+/Stable
Damodar Jagannath Malpani Proposed LT Bk CRISIL 2970 Reaffirmed
Loan Fac BBB+/Stable
Dhanera Diamonds Export Packing CRISIL 462.5 -
Credit BBB-/Negative
(Downgraded from 'CRISIL BBB/Stable')
Dhanera Diamonds Post Shipment CRISIL 967.5 -
Credit BBB-/Negative
(Downgraded from 'CRISIL BBB/Stable')
Dhanera Diamonds Proposed LT Bk CRISIL 100 -
Loan Fac BBB-/Negative
(Downgraded from 'CRISIL BBB/Stable')
Dr. Rajendra Prasad Educational Society Overdraft CRISIL 40 -
B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Dr. Rajendra Prasad Educational Society TL CRISIL 50 -
B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Drill Jig Bushing Co (Madras) Pvt Ltd CC CRISIL 29.5 Assigned
B/Stable
Drill Jig Bushing Co (Madras) Pvt Ltd Mortgage Loan Fac CRISIL 47.5 Assigned
B/Stable
D-Vois Communications Pvt Ltd CC CRISIL 60 Reaffirmed
BBB-/Stable
D-Vois Communications Pvt Ltd Proposed LT Bk CRISIL 150 Reaffirmed
Loan Fac BBB-/Stable
D-Vois Communications Pvt Ltd TL CRISIL 348.1 -
BBB-/Stable
East Coast Distributors Pvt Ltd CC CRISIL 180 Reaffirmed
B+/Stable
East Coast Distributors Pvt Ltd Proposed LT Bk CRISIL 40 Reaffirmed
Loan Fac B+/Stable
Easternzone Industries Pvt Ltd CC CRISIL 70 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Easternzone Industries Pvt Ltd TL CRISIL 29.5 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Elegant Collection Export Packing CRISIL 470 Reaffirmed
Credit A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Elegant Collection Proposed LT Bk CRISIL 85 Reaffirmed
Loan Fac A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Elegant Collection Standby Line of CRISIL 40 Reaffirmed
Credit A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Essar Power Hazira Ltd TL CRISIL 9500 Assigned
BBB/Stable
Euroasia Trans Continental Foreign Bill CRISIL 75 Reaffirmed
Purchase BB-/Stable
(Issuer Not Cooperating)
Euroasia Trans Continental Proposed WC Fac CRISIL 20 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Eximpipes Pvt Ltd CC CRISIL 130 Reaffirmed
BB-/Stable
Eximpipes Pvt Ltd LT Loan CRISIL 20 Reaffirmed
BB-/Stable
Eximpipes Pvt Ltd Proposed LT Bk CRISIL 79 Reaffirmed
Loan Fac BB-/Stable
Explicit Leathers Proposed FB Bk CRISIL 35.5 Reaffirmed
Limits B/Stable
(Issuer Not Cooperating)
Exquisite Enterprises Pvt Ltd CC CRISIL 10 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Flexi Plast Industries CC CRISIL 35 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Flexi Plast Industries LT Loan CRISIL 20 Reaffirmed
B/Stable
(Issuer Not Cooperating)
Flexi Plast Industries Proposed LT Bk CRISIL 5 Reaffirmed
Loan Fac B/Stable
(Issuer Not Cooperating)
Formokem India Corporation Bill Purchase CRISIL 20 Withdrawn
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable'; Rating Withdrawn)
Formokem India Corporation CC CRISIL 30 Withdrawn
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable'; Rating Withdrawn)
Formokem India Corporation Export Packing CRISIL 90 Withdrawn
Credit BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable'; Rating Withdrawn)
Formokem India Corporation LOC CRISIL 20 Withdrawn
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable'; Rating Withdrawn)
Ganga Pulp and Papers Pvt Ltd CC CRISIL 50 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Ganga Pulp and Papers Pvt Ltd LT Loan CRISIL 115 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Garg Agrifoods Pvt Ltd CC CRISIL 250 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Garg Agrifoods Pvt Ltd Proposed LT Bk CRISIL 2 Reaffirmed
Loan Fac BB/Stable
(Issuer Not Cooperating)
Garg Agrifoods Pvt Ltd TL CRISIL 42 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Garg Rice Industry CC CRISIL 48 -
B+/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Garg Rice Industry LT Loan CRISIL 22.5 -
B+/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Garg Rice Industry Proposed FB Bk CRISIL 29.5 -
Limits B+/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Garg Rice Mill - Pilibhit CC CRISIL 70 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Garg Rice Mill - Pilibhit Proposed LT Bk CRISIL 45.9 Reaffirmed
Loan Fac BB/Stable
(Issuer Not Cooperating)
Garg Rice Mill - Pilibhit TL CRISIL 3.6 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Gujarat Pickers Industries Ltd CC CRISIL 85 Reaffirmed
BB/Stable
Gujarat Pickers Industries Ltd Channel Financing CRISIL 415 Reaffirmed
BB/Stable
H Dipak and Co. Export Packing CRISIL A- 1912.5 -
Credit
Hi-Tech Satluj Motors Pvt Ltd Inventory Funding CRISIL D 132.4 Reaffirmed
Fac
(Issuer Not Cooperating)
Hi-Tech Satluj Motors Pvt Ltd Overdraft CRISIL D 67.6 Reaffirmed
(Issuer Not Cooperating)
Hyquip Systems Ltd CC CRISIL C 86.6 Reaffirmed
(Issuer Not Cooperating)
Immanuel and Co. Overdraft CRISIL 183 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Indel Money Pvt Ltd VIVRITI BENJAMIN Provisional - Assigned
05 2020 - Series CRISIL BBB-
A1 PTCs
Independent Resources India Pvt Ltd CC CRISIL 20 Assigned
BB/Stable
Independent Resources India Pvt Ltd Export Packing CRISIL 146 Assigned
Credit BB/Stable
Independent Resources India Pvt Ltd Proposed LT Bk CRISIL 60 Assigned
Loan Fac BB/Stable
Independent Resources India Pvt Ltd TL CRISIL 4 Assigned
BB/Stable
J. B and Brothers Pvt Ltd Post Shipment CRISIL 1675 Reaffirmed
Credit A-/Stable
Jai Hind Public School TL CRISIL 48 Reaffirmed
B-/Stable
(Issuer Not Cooperating)
Jaipur Golden Transport Co Pvt Ltd CC CRISIL 350 Reaffirmed
BBB/Negative
Jamnagar Utilities and Power Pvt Ltd Corporate Credit CCR AAA/Stable - -
Rating
(Renewed & Reaffirmed)
Jamnagar Utilities and Power Pvt Ltd External CRISIL 19000 Reaffirmed
Commercial AAA/Stable
Borrowings
Jamnagar Utilities and Power Pvt Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Jamnagar Utilities and Power Pvt Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Jamnagar Utilities and Power Pvt Ltd NCD CRISIL 13500 Reaffirmed
AAA/Stable
Jamnagar Utilities and Power Pvt Ltd NCD CRISIL 3750 Withdrawn
AAA/Stable
Jasani India Pvt Ltd Export Packing CRISIL 2088.6 Reaffirmed
Credit A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Jasani India Pvt Ltd Post Shipment CRISIL 1425.4 Reaffirmed
Credit A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Jasani India Pvt Ltd Proposed LT Bk CRISIL 37.8 Reaffirmed
Loan Fac A-/Negative
Jhansi Concrete Products - Jhansi CC CRISIL 15 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Jhansi Concrete Products - Jhansi LT Loan CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Jhansi Concrete Products - Jhansi Proposed WC Fac CRISIL 54 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Jhansi Concrete Products - Jhansi TL CRISIL 18 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
JMP Manufacturing Company CC CRISIL 47.5 Reaffirmed
BB-/Stable
Kalpataru Power Transmission Ltd CC CRISIL 9250 Reaffirmed
AA/Stable
Kalpataru Power Transmission Ltd TL CRISIL 2000 Assigned
AA/Stable
Kalpataru Power Transmission Ltd NCD CRISIL 3000 Reaffirmed
AA/Stable
Kapu Gems Export Packing CRISIL 2555.4 Reaffirmed
Credit A-/Stable
Komal Fibres CC CRISIL 70 Reaffirmed
BB+/Stable
Koshambh Multitred Pvt Ltd Foreign Bill CRISIL 450 Reaffirmed
Purchase BBB/Stable
Koshambh Multitred Pvt Ltd LT Loan CRISIL 199.5 Reaffirmed
BBB/Stable
Koshambh Multitred Pvt Ltd Proposed LT Bk CRISIL 139 Reaffirmed
Loan Fac BBB/Stable
KRS Polyfab CC CRISIL 70 Reaffirmed
BB+/Stable
KRS Polyfab Proposed LT Bk CRISIL 2 Reaffirmed
Loan Fac BB+/Stable
KRS Polyfab TL CRISIL 50 Reaffirmed
BB+/Stable
Kusalava Finance Ltd CC CRISIL 300 -
B+/Stable
(ISSUER NOT COOPERATING; Rating migrated from CRISIL BB-/Stable)
Lancosa Ceramic LLP CC CRISIL 45 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Lancosa Ceramic LLP LT Loan CRISIL 134.5 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Lavis Signature Panel Pvt Ltd CC CRISIL 100 Reaffirmed
BB/Stable
Laxmi Cottex CC CRISIL 75 Reaffirmed
B+/Stable
Loknete Baburao Patil Agro Industries Sugar Pledge CC CRISIL 500 Reaffirmed
Ltd BB/Stable
(Issuer Not Cooperating)
Loknete Baburao Patil Agro Industries TL CRISIL 150 Reaffirmed
Ltd BB/Stable
(Issuer Not Cooperating)
Luthfa Foundation Proposed FB Bk CRISIL 76 Reaffirmed
Limits B/Stable
Luthfa Foundation TL CRISIL 49 Reaffirmed
B/Stable
M/s J. K. Star Post Shipment CRISIL 150 Reaffirmed
Credit BBB/Stable
M/s J. K. Star Proposed LT Bk CRISIL 40 Reaffirmed
Loan Fac BBB/Stable
Magic Mirror - Mumbai Loan Against CRISIL 190 Reaffirmed
Property BB-/Stable
(Issuer Not Cooperating)
Mahavishnu Cashew Factory Standby LOC CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Manokamana Agrotech Pvt Ltd CC CRISIL 50 -
B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Mantora Oil Products Pvt Ltd CC CRISIL 400 Reaffirmed
BBB/Negative
Mantora Oil Products Pvt Ltd Foreign LOC CRISIL 300 Reaffirmed
BBB/Negative
Metaforge Engineering (India) Pvt Ltd CC CRISIL 100 Reaffirmed
BB+/Stable
Metaforge Engineering (India) Pvt Ltd Foreign Currency CRISIL 43.8 Reaffirmed
Term Loan BB+/Stable
Metaforge Engineering (India) Pvt Ltd Rupee TL CRISIL 51.2 Reaffirmed
BB+/Stable
Met-Rolla Steels Ltd CC CRISIL 155 Reaffirmed
BBB-/Stable
Met-Rolla Steels Ltd Proposed LT Bk CRISIL 7 Reaffirmed
Loan Fac BBB-/Stable
Micropet Containers Inc. CC CRISIL 130 -
BB+/Stable
Micropet Containers Inc. LT Loan CRISIL 200 -
BB+/Stable
Modern Glass Industries CC CRISIL 100 -
B-/Stable
(Upgraded from 'CRISIL D')
Modern Glass Industries TL CRISIL 129.1 -
B-/Stable
(Upgraded from 'CRISIL D')
Montage Enterprises Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nalwa Steel and Power Ltd Corporate Credit CCR - Assigned
Rating BBB-/Stable
Narola Gems Export Packing CRISIL 206.5 Reaffirmed
Credit BBB/Stable
Nutech Polymers Pvt Ltd CC CRISIL 50 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Nutech Polymers Pvt Ltd WC TL CRISIL 10 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Onest Milk and Foods Proposed TL CRISIL 100 Assigned
B+/Stable
Onest Milk and Foods Proposed WC Fac CRISIL 10 Assigned
B+/Stable
Orissa Bengal Carrier Ltd CC CRISIL 240 Reaffirmed
BBB/Stable
Orissa Bengal Carrier Ltd Overdraft CRISIL 30 Assigned
BBB/Stable
Pandit Ambika Pratap Narayan Higher Overdraft CRISIL 55 Reaffirmed
Educational Shiksha Samiti BB-/Stable
(Issuer Not Cooperating)
Pandit Ambika Pratap Narayan Higher Rupee TL CRISIL 5.8 Reaffirmed
Educational Shiksha Samiti BB-/Stable
(Issuer Not Cooperating)
Piyush Infratech Pvt Ltd CC CRISIL 295 Reaffirmed
BB/Stable
(Issuer Not Cooperating)
Plaza Wires Pvt Ltd CC CRISIL 337 Reaffirmed
BBB-/Stable
Plaza Wires Pvt Ltd TL CRISIL 13 Reaffirmed
BBB-/Stable
Prabhu Textiles Proposed LT Bk CRISIL 22.8 Reaffirmed
Loan Fac BB-/Stable
(Issuer Not Cooperating)
Prabhu Textiles Proposed TL CRISIL 27 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Prabhu Textiles TL CRISIL 40.2 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Precise Engineering Company CC CRISIL 20 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Precise Engineering Company Proposed LT Bk CRISIL 68.8 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Precise Engineering Company Rupee TL CRISIL 11.2 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Predomix Technologies Pvt Ltd Proposed LT Bk CRISIL 100 Reaffirmed
Loan Fac B/Stable
Prestige Feed Mills Ltd CC CRISIL 900 Reaffirmed
BBB-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Prestige Feed Mills Ltd TL CRISIL 80 Reaffirmed
BBB-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
R. S. Construction - Mumbai CC CRISIL B/Stable 10 Reaffirmed
R. S. Construction - Mumbai Proposed LT Bk CRISIL B/Stable 40 Reaffirmed
Loan Fac
Rainbow Fabart Pvt Ltd CC CRISIL 200 -
BB+/Negative
(Downgraded from 'CRISIL BBB-/Stable')
Rainbow Fabart Pvt Ltd Proposed LT Bk CRISIL 1 -
Loan Fac BB+/Negative
(Downgraded from 'CRISIL BBB-/Stable')
Rainbow Fabart Pvt Ltd TL CRISIL 29 -
BB+/Negative
(Downgraded from 'CRISIL BBB-/Stable')
Rakesh Credits Ltd Proposed LT Bk CRISIL 85 Reaffirmed
Loan Fac B/Stable
(Issuer Not Cooperating)
Rakesh Credits Ltd NCD CRISIL 50 -
B/Stable
(ISSUER NOT COOPERATING; Rating Migrated)
Royal Diam Post Shipment CRISIL 150 -
Credit BBB-/Negative
(Downgraded from 'CRISIL BBB/Stable')
Sachdeva Home Furnishing Pvt Ltd CC CRISIL 80 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sachdeva Home Furnishing Pvt Ltd TL CRISIL 22.6 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Samrat Forgings Ltd Bill Discounting CRISIL 10 Reaffirmed
BB-/Stable
Samrat Forgings Ltd CC CRISIL 185 Reaffirmed
BB-/Stable
Samrat Forgings Ltd Proposed TL CRISIL 16.4 Reaffirmed
BB-/Stable
Samrat Forgings Ltd Proposed WC Fac CRISIL 30 Reaffirmed
BB-/Stable
Samrat Forgings Ltd TL CRISIL 3.6 Reaffirmed
BB-/Stable
Samruddhi Realty Ltd NCD CRISIL D 750 -
Sarama Steel Furniture CC CRISIL 20 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sarama Steel Furniture LT Loan CRISIL 20 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sarama Steel Furniture Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac B+/Stable
(Issuer Not Cooperating)
Satya Sai Agro Industries CC CRISIL 30 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Satya Sai Agro Industries LT Loan CRISIL 10 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sejal Exports India Export Packing CRISIL 19 Reaffirmed
Credit BBB-/Stable
Shantilal B. Patel LT Loan CRISIL 10.2 Reaffirmed
BBB/Stable
Shantilal B. Patel Proposed LT Bk CRISIL 39.8 Reaffirmed
Loan Fac BBB/Stable
Sharda Motor Industries Ltd WC Fac CRISIL 1700 Assigned
AA-/Stable
Shinryo Suvidha Engineers India Pvt Ltd Proposed FB Bk CRISIL 10 Assigned
Limits BBB/Stable
Shree Gurudatta Shikshan Sanstha CC CRISIL 40 -
BB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Shree Gurudatta Shikshan Sanstha Rupee TL CRISIL 40 -
BB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Shree Lalji Energy Foods Pvt Ltd CC CRISIL 80 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Shree Prayosha Jewellers CC CRISIL 60 Reaffirmed
B/Stable
Shree Rajasvi Polyesters CC CRISIL 100 -
BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Shree Rajasvi Polyesters Proposed LT Bk CRISIL 102.1 -
Loan Fac BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Shreyans Creation Global Ltd CC CRISIL 250 Reaffirmed
BB+/Stable
(Issuer Not Cooperating)
Shubhi Devi Higher Education Shiksha Overdraft CRISIL 58.5 Reaffirmed
Samiti BB/Stable
(Issuer Not Cooperating)
Sikka Ports & Terminals Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Sikka Ports & Terminals Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Sikka Ports & Terminals Ltd NCD CRISIL 35000 Reaffirmed
AAA/Stable
Sikka Ports & Terminals Ltd NCD CRISIL 25000 Reaffirmed
AAA/Stable
Sikka Ports & Terminals Ltd NCD CRISIL 40000 Reaffirmed
AAA/Stable
Sikka Ports & Terminals Ltd NCD CRISIL 75000 Reaffirmed
AAA/Stable
SLN Coffee and Spices Exports Pvt Ltd TL CRISIL 80 Assigned
BB+/Stable
SLN Coffee and Spices Exports Pvt Ltd CC/ Overdraft Fac CRISIL 350 Assigned
BB+/Stable
Sree Skandha Food Processing India Pvt CC CRISIL 130 Reaffirmed
Ltd BB-/Stable
Sree Skandha Food Processing India Pvt Proposed LT Bk CRISIL 34 Reaffirmed
Ltd Loan Fac BB-/Stable
Sree Skandha Food Processing India Pvt WC Demand Loan CRISIL 26 Assigned
Ltd BB-/Stable
Sree Vasavi Trust CC CRISIL 20 Reaffirmed
B/Stable
Sree Vasavi Trust LT Loan CRISIL 80 Reaffirmed
B/Stable
Sri Durga Maruthi Automotives Pvt Ltd CC CRISIL 40 -
BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sri Durga Maruthi Automotives Pvt Ltd Electronic Dealer CRISIL 103.5 -
Financing BB-/Stable
Scheme(e-DFS)
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sri Durga Maruthi Automotives Pvt Ltd Proposed LT Bk CRISIL 2.4 -
Loan Fac BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sri Durga Maruthi Automotives Pvt Ltd TL CRISIL 17.5 -
BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Sri Varalakshmi Solvent Oils Pvt Ltd CC CRISIL 100 Reaffirmed
B+/Stable
(Issuer Not Cooperating)
Sri Venkatadri Para Boiled Rice Mill CC CRISIL 330 Reaffirmed
BB/Stable
Sri Venkatadri Para Boiled Rice Mill LT Loan CRISIL 20 Reaffirmed
BB/Stable
Srijan Alloys And Steel Pvt Ltd CC CRISIL 18 Reaffirmed
B+/Stable
Srijan Alloys And Steel Pvt Ltd TL CRISIL 34 Reaffirmed
B+/Stable
Srinivas Papers Pvt Ltd CC CRISIL 400 Reaffirmed
BB-/Stable
Srishti Apparels CC CRISIL 13 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Srishti Apparels Proposed WC Fac CRISIL 11.4 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Srishti Apparels TL CRISIL 82.4 Reaffirmed
BB-/Stable
(Issuer Not Cooperating)
Sunpower Cement Company Pvt Ltd CC CRISIL 78.4 -
B-/Stable
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
Sunpower Cement Company Pvt Ltd Proposed WC Fac CRISIL 10.6 Assigned
B-/Stable
(Migrated from 'CRISIL D ISSUER NOT COOPERATING')
Surbhi Satcom Pvt Ltd CC CRISIL 150 -
BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Surbhi Satcom Pvt Ltd LT Loan CRISIL 70 -
BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Tata Cleantech Capital Ltd Perpetual Bonds CRISIL 2500 -
AA+/Stable
Tata Cleantech Capital Ltd CC & WC demand loan CRISIL 17570 Reaffirmed
AAA/Stable
Tata Cleantech Capital Ltd LT Bk Fac^ CRISIL 28570 Reaffirmed
AAA/Stable
(^Includes NABARD's loan of 100 Million USD equivalent INR)
Tata Cleantech Capital Ltd Proposed LT Bk CRISIL 2860 Reaffirmed
Loan Fac AAA/Stable
Tata Cleantech Capital Ltd Subordinated Debt CRISIL 5000 -
AAA/Stable
Tata Cleantech Capital Ltd Subordinated Debt CRISIL 1000 -
Issue AAA/Stable
Tata Cleantech Capital Ltd Subordinated Debt CRISIL 1000 -
Issue AAA/Stable
Tata Cleantech Capital Ltd Subordinated Debt CRISIL 1500 -
AAA/Stable
Tata Cleantech Capital Ltd NCD CRISIL 10000 -
AAA/Stable
Tata Cleantech Capital Ltd NCD CRISIL 1850 -
AAA/Stable
Tata Cleantech Capital Ltd NCD# CRISIL 2600 -
AAA/Stable
(#Green Debt Securities)
Tata Cleantech Capital Ltd NCD# CRISIL 11677 -
AAA/Stable
(#Green Debt Securities)
Tata Cleantech Capital Ltd LT Principal CRISIL PP-MLD 10000 -
Protected Market AAAr/Stable
Linked Debentures
Uttam Food Infrastructure Park Pvt Ltd Overdraft CRISIL 20 Reaffirmed
BBB/Stable
Uttam Food Infrastructure Park Pvt Ltd Proposed FB Bk CRISIL 49.5 Reaffirmed
Limits BBB/Stable
Uttam Food Infrastructure Park Pvt Ltd TL CRISIL 80 Assigned
BBB/Stable
Walking Tree (India) Pvt Ltd CC CRISIL 1300 Reaffirmed
BBB/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Walking Tree (India) Pvt Ltd Proposed CC Limit CRISIL 100 Reaffirmed
BBB/Negative
(Outlook revised from 'Stable' and rating 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 [email protected])
CRISIL ratings for Indian debt instruments-Jul 29
Jul 29 – Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of July 28, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) —— ———- —— —– ——— SHORT TERM RATINGS: ——————- ADD Pens Pvt Ltd BG CRISIL A4+ 5 Reaffirmed (Issuer […]
