CRISIL Notes for Indian Debt Securities – October 1
Oct 1 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of September 30, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Apollo Hospitals International Ltd Overdraft CRISIL A2+ 180 Reaffirmed
Bajaj Steel Industries Ltd BG CRISIL A2+ 45 -
(Upgraded from 'CRISIL A3+')
Bajaj Steel Industries Ltd Loan Equivalent CRISIL A2+ 30 -
Risk Limits
(Upgraded from 'CRISIL A3+')
Bajaj Steel Industries Ltd Proposed Bill CRISIL A2+ 100 -
Discounting Fac
(Upgraded from 'CRISIL A3+')
Cargill India Pvt Ltd CP Programme CRISIL A1+ 3000 Reaffirmed
Cholamandalam Investment and Finance CP CRISIL A1+ 80000 Reaffirmed
Co. Ltd
CMK Projects Pvt Ltd Proposed ST Bk CRISIL A3 300 Assigned
Loan Fac
CMK Projects Pvt Ltd BG CRISIL A3 250 Assigned
Crystal Crop Protection Ltd LOC CRISIL A1 2680 Reaffirmed
Dmsons Metal Pvt Ltd LOC CRISIL A3 800 -
(Downgraded from 'CRISIL A3+')
Dmsons Metal Pvt Ltd Proposed NFBL CRISIL A3 60 -
(Downgraded from 'CRISIL A3+')
Drishti Apparels Export Packing CRISIL A4+ 140 Reaffirmed
Credit & Export
Bills Negotiation/Foreign Bill discounting*
(*Includes sublimit of EPC/PCFC of Rs 8Cr and overdraft of Rs 0.5 Cr.)
Drishti Apparels Foreign Exchange CRISIL A4+ 40 Reaffirmed
Forward
Dusters Total Solutions Services Pvt LtBG CRISIL A1 25 -
(Upgraded from 'CRISIL A2+')
Eurokids International Pvt Ltd Overdraft CRISIL A2+ 280 Assigned
G. K. Plastics Pvt Ltd BG CRISIL A4 1.6 Assigned
Gopal Sponge and Power Pvt Ltd BG CRISIL A2 12.5 Reaffirmed
Gopal Sponge and Power Pvt Ltd LOC CRISIL A2 137.5 Reaffirmed
GVK Biosciences Pvt Ltd CP CRISIL A1+ 500 Reaffirmed
GVK Biosciences Pvt Ltd LOC CRISIL A1+ 470 Reaffirmed
Indiana Steel Corporation LOC CRISIL A4 6.8 Reaffirmed
Jalan Jee Polytex Ltd LOC CRISIL A4 10 -
(Upgraded from 'CRISIL D')
JM Financial Capital Ltd CP Issue* CRISIL A1+ 12500 Assigned
(*Assigned for initial/ follow-on public offer financing on episodic basis)
JM Financial Capital Ltd ST Debt (Including CRISIL A1+ 10000 Reaffirmed
CP)
JM Financial Capital Ltd CP Issue* CRISIL A1+ 12500 Reaffirmed
(*Assigned for initial/ follow-on public offer financing on episodic basis)
Kejriwal Dyeing and Printing Mills Pvt LOC CRISIL A2+ 22.5 Reaffirmed
Ltd
Kotec Automotive Services India Pvt Ltd BG CRISIL A3 10 Assigned
Metropolis Healthcare Ltd Proposed ST Bk CRISIL A1+ 50 Assigned
Loan Fac
Nirav Metals Pvt Ltd BG CRISIL A4 10 -
(Downgraded from 'CRISIL A4+')
Nirav Metals Pvt Ltd LOC CRISIL A4 15 -
(Downgraded from 'CRISIL A4+')
Oblum Electrical Industries Pvt Ltd BG CRISIL A4+ 140 Reaffirmed
Orient Craft Ltd Non-FBL CRISIL A4+ 1640 -
(Continues on 'Rating Watch with Negative Implications')
Orient Craft Ltd Proposed NFBL CRISIL A4+ 110 -
(Continues on 'Rating Watch with Negative Implications')
Popular Mega Motors India Pvt Ltd BG CRISIL A3+ 10 Reaffirmed
Powertech Constructions Pvt Ltd Overdraft CRISIL A4+ 36 Assigned
Raghunath Dye Chem Pvt Ltd LOC CRISIL A4+ 10 Assigned
Ramesh Kumar Bansal BG CRISIL A3 90 Assigned
Ramesh Kumar Bansal Overdraft CRISIL A3 10 Assigned
Redington India Ltd BG CRISIL A1+ 1150 Reaffirmed
Redington India Ltd ST Loan CRISIL A1+ 11060 Reaffirmed
Redington India Ltd CP CRISIL A1+ 19000 Reaffirmed
S K Bikes Pvt Ltd BG CRISIL A3 280 -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Service Master Clean Ltd BG CRISIL A1 705 -
(Upgraded from 'CRISIL A2+')
Sharu Steels Pvt Ltd LOC CRISIL A4+ 200 Assigned
Shree Electromelts Ltd LOC CRISIL A3 500 Reaffirmed
Shubhlaxmi Polytex Ltd LOC CRISIL A4+ 35 -
(Downgraded from 'CRISIL A3+'; Placed on 'Rating Watch with Negative Implications')
Siddheshwari Industries Pvt Ltd BG CRISIL A3+ 25 Reaffirmed
Siddheshwari Industries Pvt Ltd LOC CRISIL A3+ 150 Reaffirmed
Siddheshwari Industries Pvt Ltd Non-FBL CRISIL A3+ 6 Reaffirmed
Sundaram Mutual Fund Proposed ST Bk CRISIL A1+ 10000 Reaffirmed
Loan Fac
Sundaram Mutual Fund ST Bk Fac CRISIL A1+ 15000 Reaffirmed
Surajit Deka BG CRISIL A4 15 Assigned
Tata Autocomp Systems Ltd LOC* CRISIL A1+ 600 Reaffirmed
(*Interchangeable with bank guarantee)
Ulka Sea Foods Pvt Ltd Post Shipment CRISIL A2 250 Assigned
Credit
Ulka Sea Foods Pvt Ltd Foreign Exchange CRISIL A2 40 Assigned
Fac
Victoria Foods Pvt Ltd Inland/Import LOC CRISIL A3+ 561 Reaffirmed
Victoria Foods Pvt Ltd LOC CRISIL A3+ 290 Reaffirmed
LONG TERM RATINGS:
-------------------
Akshay Enterprises - Mumbai Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anmol Cold Storage CC CRISIL 2.5 Assigned
BB-/Stable
Anmol Cold Storage TL CRISIL 38.5 Assigned
BB-/Stable
Apollo Hospitals International Ltd TL CRISIL 920 Reaffirmed
A-/Stable
Arabian Gold and Diamonds Kayamkulam Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Asian Concretes and Cements Pvt Ltd Proposed TL CRISIL 900 -
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A+/Negative')
Asian Fine Cements Pvt Ltd CC CRISIL 150 -
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Asian Fine Cements Pvt Ltd Proposed LT Bk CRISIL 20 -
Loan Fac BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Asian Fine Cements Pvt Ltd TL CRISIL 730 -
BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Baid Synthetics Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bajaj Steel Industries Ltd CC^ CRISIL 300 -
A-/Stable
(Upgraded from 'CRISIL BBB/Positive' . ^Includes sublimit of loan equivalent risk (LER) of Rs 1
crore)
Bajaj Steel Industries Ltd CC! CRISIL 150 -
A-/Stable
(Upgraded from 'CRISIL BBB/Positive' . !Includes sub limits of Letter of Credit limit to the
tune of Rs. 4 Cr., Bank Guarantee limit of Rs. 0.5 Cr. & Loa
Bajaj Steel Industries Ltd Proposed BG CRISIL 355 -
A-/Stable
(Upgraded from 'CRISIL BBB/Positive')
Bajaj Steel Industries Ltd Proposed Overdraft CRISIL 180 -
Fac A-/Stable
(Upgraded from 'CRISIL BBB/Positive')
Bloom Seal Containers Pvt Ltd CC CRISIL 100 Reaffirmed
BBB/Stable
Bloom Seal Containers Pvt Ltd Proposed LT Bk CRISIL 12 Reaffirmed
Loan Fac BBB/Stable
Bloom Seal Containers Pvt Ltd TL CRISIL 138 Reaffirmed
BBB/Stable
BRT Spinner Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
BSR Poultry Farm Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Candor Kolkata One Hi-Tech Structures Proposed LT Bk Provisional 13450 Assigned
Pvt Ltd Loan Fac CRISIL AAA
Cholamandalam Investment and Finance Lower Tier II CRISIL 250 Reaffirmed
Co. Ltd Bonds AA+/Stable
CMK Projects Pvt Ltd CC/ Overdraft Fac CRISIL 200 Assigned
BBB-/Stable
Cosco India Ltd CC CRISIL 297.5 Reaffirmed
BBB/Stable
Cosco India Ltd Proposed FB Bk CRISIL 42.5 Reaffirmed
Limits BBB/Stable
Crystal Crop Protection Ltd CC CRISIL 3740 Reaffirmed
A/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Crystal Crop Protection Ltd TL CRISIL 80 -
A/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Dmsons Metal Pvt Ltd CC CRISIL 80 -
BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Dmsons Metal Pvt Ltd Proposed FB Bk CRISIL 60 -
Limits BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Drishti Apparels Foreign Currency TCRISIL 20 Reaffirmed
BB-/Stable
Dusters Total Solutions Services Pvt LTD CC CRISIL 670 -
A/Stable
(Upgraded from 'CRISIL A-/Stable')
Eurokids International Pvt Ltd Overdraft CRISIL 200 Reaffirmed
A-/Stable
Festus Properties Pvt Ltd Proposed LT Bk Provisional 7250 Assigned
Loan Fac CRISIL
AAA/Stable
G. K. Plastics Pvt Ltd CC CRISIL 48.4 Assigned
B+/Stable
Gee Filaments Pvt Ltd CC CRISIL 148 Assigned
A-/Stable
Gee Filaments Pvt Ltd TL CRISIL 52 Assigned
A-/Stable
Gopal Sponge and Power Pvt Ltd CC CRISIL 150 Reaffirmed
BBB+/Stable
Gopal Sponge and Power Pvt Ltd Proposed LT Bk CRISIL 68 Reaffirmed
Loan Fac BBB+/Stable
Gorakhpur Dugdh Utpadak Sahkari Sangh Rating Advisory - - -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
GVK Biosciences Pvt Ltd External CRISIL 447 -
Commercial AA-/Stable
Borrowings
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd Proposed LT Bk CRISIL 310 -
Loan Fac AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd TL CRISIL 1250 -
AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd WC Fac* CRISIL 908 -
AA-/Stable
(Upgraded from 'CRISIL A+/Positive'
*Fully interchangeable with letter of credit/buyers' credit/bank guarantee)
GVK Biosciences Pvt Ltd WC Fac CRISIL 400 -
AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd NCD CRISIL 750 -
AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
Harlalka Manufacturing Enterprisers CC CRISIL 85 Assigned
BB+/Stable
Indiana Steel Corporation CC CRISIL B/Stabl63.2 -
J S Exim Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jakharia Fabric Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jalan Jee Polytex Ltd CC CRISIL 90 -
B-/Stable
(Upgraded from 'CRISIL D')
Janani International Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
JM Financial Capital Ltd NCD CRISIL AA/Stab2000 Reaffirmed
Kandhavilas Agro Foods Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kejriwal Dyeing and Printing Mills Pvt CC CRISIL 40 Reaffirmed
Ltd A-/Stable
Kejriwal Dyeing and Printing Mills Pvt TL CRISIL 23 Reaffirmed
Ltd A-/Stable
Kejriwal Geotech Pvt Ltd CC CRISIL 450 Reaffirmed
A-/Stable
Kejriwal Geotech Pvt Ltd TL CRISIL 838.5 Reaffirmed
A-/Stable
Kotec Automotive Services India Pvt Ltd CC CRISIL 33 Assigned
BBB-/Stable
Kotec Automotive Services India Pvt Ltd Proposed WC Fac CRISIL 57 Assigned
BBB-/Stable
Kumar Agro Refinery Pvt Ltd Proposed LT Bk CRISIL 250 Assigned
Loan Fac BB/Stable
Kunnath Paper Mills Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Landmark Royal Engineering India Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Magenta Distributors Pvt Ltd CC CRISIL 65 Reaffirmed
B/Stable
Magenta Distributors Pvt Ltd Proposed LT Bk CRISIL 25.3 Reaffirmed
Loan Fac B/Stable
Magenta Distributors Pvt Ltd TL CRISIL 33 Reaffirmed
B/Stable
Mashkoor Cold Storage Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mehra Novelties CC CRISIL 57.5 Assigned
B+/Stable
Metropolis Healthcare Ltd Proposed LT Bk CRISIL 1450 Reaffirmed
Loan Fac AA-/Stable
Metropolis Healthcare Ltd NCD CRISIL 2500 Reaffirmed
AA-/Stable
MSR India Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
NF Forgings Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nirav Metals Pvt Ltd CC CRISIL 55 -
B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Nirav Metals Pvt Ltd Proposed LT Bk CRISIL 20 -
Loan Fac B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Nithya Tobaccos Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nouveau Textiles Pvt Ltd Proposed LT Bk CRISIL 200 Assigned
Loan Fac B/Stable
Oberoi Construction Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Oblum Electrical Industries Pvt Ltd CC CRISIL 65 Reaffirmed
BB/Stable
Orient Craft Ltd CC* CRISIL BB- 5000 -
(*Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications'.
Interchangeable with export packing credit, packing credit in for
Orient Craft Ltd Proposed CC Limit*CRISIL BB- 250 -
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications'.
*Interchangeable with export packing credit, packing credit in for
Orient Craft Ltd Proposed LT Bk CRISIL BB- 30.4 -
Loan Fac
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications')
Orient Craft Ltd Rupee TL CRISIL BB- 3469.6 -
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications')
Padma Plywood Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Popular Mega Motors India Pvt Ltd CC CRISIL 90 Reaffirmed
BBB/Negative
Popular Mega Motors India Pvt Ltd Channel Financing CRISIL 549 Reaffirmed
BBB/Negative
Popular Mega Motors India Pvt Ltd Inventory Funding CRISIL 810.5 Reaffirmed
Fac BBB/Negative
Popular Mega Motors India Pvt Ltd TL CRISIL 50.5 Reaffirmed
BBB/Negative
Popular Mega Motors India Pvt Ltd WC Fac CRISIL 87.5 Assigned
BBB/Negative
Powertech Constructions Pvt Ltd Proposed LT Bk CRISIL 14 Assigned
Loan Fac BB-/Stable
Pressmach Infrastructure Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R G Bronze Mfg. Company Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raghunath Dye Chem Pvt Ltd Proposed LT Bk CRISIL 26.8 Assigned
Loan Fac BB-/Stable
Raghunath Dye Chem Pvt Ltd CC CRISIL 33.2 Assigned
BB-/Stable
Raj Hair International Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ramesh Kumar Bansal TL CRISIL 32 Assigned
BBB-/Stable
Ramesh Kumar Bansal Proposed BG CRISIL 18 Assigned
BBB-/Stable
RD Forge Pvt Ltd Export Packing CRISIL 50 Reaffirmed
Credit BB-/Stable
RD Forge Pvt Ltd Proposed CC Limit CRISIL 10 Reaffirmed
BB-/Stable
RD Forge Pvt Ltd Proposed LT Bk CRISIL 30 Reaffirmed
Loan Fac BB-/Stable
RD Forge Pvt Ltd TL CRISIL 35 Reaffirmed
BB-/Stable
Redington India Ltd CC CRISIL 4500 Reaffirmed
AA/Stable
Redington India Ltd Proposed LT Bk CRISIL 790 Reaffirmed
Loan Fac AA/Stable
S K Bikes Pvt Ltd Bill Discounting CRISIL 150 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd CC CRISIL 175 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd Foreign LOC CRISIL 50 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd LT Loan CRISIL 6.9 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd Proposed LT Bk CRISIL 48.1 -
Loan Fac BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S S Multi Services Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sai Spacecon India Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sanya Motors Pvt Ltd CC CRISIL 120 Reaffirmed
B-/Stable
Sanya Motors Pvt Ltd Inventory Funding CRISIL 100 Reaffirmed
Fac B-/Stable
Sanya Motors Pvt Ltd Proposed LT Bk CRISIL 155 Reaffirmed
Loan Fac B-/Stable
Service Master Clean Ltd CC CRISIL 750 -
A/Stable
(Upgraded from 'CRISIL A-/Stable')
Service Master Clean Ltd TL CRISIL 170 -
A/Stable
(Upgraded from 'CRISIL A-/Stable')
Shantiniketan Properties Pvt Ltd Proposed LT Bk Provisional 2600 Assigned
Loan Fac CRISIL
AAA/Stable^
(^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with the directive issued by the Securities and Exchange Board of India (SEBI) on May
6, 2015, on 'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)'.)
Sharu Steels Pvt Ltd WC TL CRISIL 29.6 Assigned
BB/Stable
Sharu Steels Pvt Ltd WC Demand Loan CRISIL 17 Assigned
BB/Stable
Sharu Steels Pvt Ltd CC CRISIL 170 Assigned
BB/Stable
Shree Electromelts Ltd CC CRISIL 75 Reaffirmed
BBB-/Stable
Shree Gopal Motors Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shubhlaxmi Polytex Ltd CC CRISIL BB+ 287.5 -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Shubhlaxmi Polytex Ltd Proposed CC Limit CRISIL BB+ 2.5 -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Shubhlaxmi Polytex Ltd TL CRISIL BB+ 425 -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Siddheshwari Industries Pvt Ltd CC CRISIL 250 Reaffirmed
BBB/Stable
Siddheshwari Industries Pvt Ltd LT Loan CRISIL 99 Reaffirmed
BBB/Stable
Simbhaoli Sugars Ltd CC CRISIL D 3087.5 Reaffirmed
Simbhaoli Sugars Ltd LOC & BG CRISIL D 835 Reaffirmed
Simbhaoli Sugars Ltd Proposed LT Bk CRISIL D 1293.2 Reaffirmed
Loan Fac
Simbhaoli Sugars Ltd TL CRISIL D 2220.6 Reaffirmed
Simbhaoli Sugars Ltd WC TL* CRISIL D 499.9 Reaffirmed
(* Working capital term loan was sanctioned as a part of corporate debt restructuring)
Solarfield Energy Two Pvt Ltd Proposed FB Bk CRISIL 21.5 Reaffirmed
Limits A+/Stable
Solarfield Energy Two Pvt Ltd TL CRISIL 172 Assigned
A+/Stable
Southern Power Distribution Company of CC CRISIL 5500 -
Andhra Pradesh Ltd BB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Southern Power Distribution Company of Proposed LT Bk CRISIL 25400 -
Andhra Pradesh Ltd Loan Fac BB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Spark Electricals & Projects Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Speedofer Components Pvt Ltd Proposed LT Bk CRISIL 10 Assigned
Loan Fac B-/Stable
Speedofer Components Pvt Ltd CC CRISIL 55 Assigned
B-/Stable
Speedofer Components Pvt Ltd Foreign LOC CRISIL 35 Assigned
B-/Stable
Surajit Deka CC CRISIL 55 Assigned
B+/Stable
Swaraj Sulz Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tamilnadu Petroproducts Ltd CC - 560 Withdrawn
Tamilnadu Petroproducts Ltd LOC - 630 Withdrawn
Tata Autocomp Systems Ltd NCD - 1000 Withdrawn
Tata Autocomp Systems Ltd CC CRISIL 500 Reaffirmed
AA-/Stable
Tata Autocomp Systems Ltd Export Packing CRISIL 300 Reaffirmed
Credit AA-/Stable
Tata Autocomp Systems Ltd Rupee TL CRISIL 1000 Reaffirmed
AA-/Stable
Tech Sis Ltd CC CRISIL 50 Reaffirmed
BBB+/Stable
Tech Sis Ltd Proposed LT Bk CRISIL 200 Reaffirmed
Loan Fac BBB+/Stable
Theji Electrical Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Thirumurugan Company CC CRISIL 150 Reaffirmed
BB+/Stable
Touch Wood Infra Ventures Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Trendset Builders Pvt Ltd Lease Rental CRISIL 200 -
Discounting Loan BB-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB/Stable)
Trendset Builders Pvt Ltd Proposed LT Bk CRISIL 800 -
Loan Fac BB-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB/Stable)
Ulka Sea Foods Pvt Ltd Standby Line of CRISIL 100 Assigned
Credit BBB+/Stable
Ulka Sea Foods Pvt Ltd Proposed LT Bk CRISIL 60 Assigned
Loan Fac BBB+/Stable
Ulka Sea Foods Pvt Ltd Export Packing CRISIL 250 Assigned
Credit BBB+/Stable
Unique International Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Urmila Rcp Projects Pvt Ltd Rating Advisory - - -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Victoria Foods Pvt Ltd CC CRISIL 360 Reaffirmed
BBB/Stable
Victoria Foods Pvt Ltd Cash TL CRISIL 48.7 Reaffirmed
BBB/Stable
Victoria Foods Pvt Ltd Proposed WC Fac CRISIL 120.3 Reaffirmed
BBB/Stable
Victoria Foods Pvt Ltd Secured Overdraft CRISIL 180 Reaffirmed
Fac BBB/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.
(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at [email protected])