Nov 8 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of November 6, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
----------
------
----- --------- SHORT TERM RATINGS: ------------------- Accurate Products Corporation Pvt Ltd BG
CRISIL A3+
7
Reaffirmed Active Tools Pvt Ltd
Packing Credit
CRISIL A4+
80
Reaffirmed Asset Engineers Pvt Ltd
BG
CRISIL A4
5
Assigned Avanse Financial Services Ltd
Rating Update
-
- CRISIL's rating on Avanse Financial Services Limited (Avanse) is driven by expectation of support from the Dewan group, whose flagship company is Dewan Housing (NS:DWNH) Finance Corporation Ltd (DHFL). Therefore, in the light of recent developments on liquidity front for DHFL, the rating on Avanse will also be closely monitored. Dewan Housing Finance Corporation Ltd Rating Update
-
- CRISIL believes that DHFL's ability to raise resources from capital markets and traditional bank lines will be important for managing current funding challenges and ensuring business growth. Therefore, these will be the key monitorables and rating-sensitivity factors. CRISIL will continue to cautiously monitor with specific focus on liquidity position, access to funds, and developments on asset quality. ECL Finance Ltd
CP Programme
CRISIL A1+
50000 Reaffirmed ECL Finance Ltd
CP Programme (IPO CRISIL A1+
100000 Reaffirmed
Financing) ECL Finance Ltd
ST Principal-
CRISIL PP-MLD 12000 Reaffirmed
Protected Market- A1+r
Linked Debentures Export Import Bank of India (NS:BOI)
ST CD Programme* CRISIL A1+
98209.9 Reaffirmed (Reduced from Rs.15651.95 Crore); *Amount outstanding under long-term and short-term certificates of deposit programmes and commercial paper programme will not exceed Rs 9820.99 crore at any point in time Export Import Bank of India
CP Programme*
CRISIL A1+
98209.9 Reaffirmed (Reduced from Rs.15651.95 Crore); *Amount outstanding under long-term and short-term certificates of deposit programmes and commercial paper programme will not exceed Rs 9820.99 crore at any point in time IL Jin Electronics India Pvt Ltd
Sales Bill
CRISIL A2+
200
Discounting* Upgraded from 'CRISIL A2' ; *Sublimit - Cash credit of Rs 15 crore, buyer's credit of Rs 10 crore, working capital demand loan of Rs 15.0 crore and Purchase Bill Discounting- Rs 20 crore. JWL Cold Store Pvt Ltd
BG
CRISIL A2+
70
Assigned Maa Prabhabati Rice Mill
BG
CRISIL A4
5
Reaffirmed Mercury Travels Ltd
BG
CRISIL A3
15
Reaffirmed Continues on 'Rating Watch with Developing Implications' Nanma Properties Pvt Ltd
BG
CRISIL A4+
20
Assigned Nanma Properties Pvt Ltd
Overdraft
CRISIL A4+
300
Assigned PICL (India) Pvt Ltd
Non- FBL
CRISIL A2+
110
Reaffirmed Pradeep Metals Ltd
BG
CRISIL A4+
30
Reaffirmed Pradeep Metals Ltd
Export Bill
CRISIL A4+
190
Reaffirmed
Purchase Pradeep Metals Ltd
Foreign Exchange CRISIL A4+
15.3
Reaffirmed
Forward Pradeep Metals Ltd
Packing Credit in CRISIL A4+
260
Reaffirmed
Foreign Currency Prime Ispat Ltd
BG
CRISIL A3
30
Reaffirmed Ruksh Garments Pvt Ltd
Packing Credit
CRISIL A4
25
Reaffirmed Migrated from 'CRISIL A4 ISSUER NOT COOPERATING' to 'CRISIL D ISSUER NOT COOPERATING' and Simultaneously Migrated to 'CRISIL A4 ISSUER NOT COOPERATING' Ruksh Garments Pvt Ltd
Sales Bill
CRISIL A4
20
Reaffirmed
Discounting Migrated from 'CRISIL A4 ISSUER NOT COOPERATING' to 'CRISIL D ISSUER NOT COOPERATING' and Simultaneously Migrated to 'CRISIL A4 ISSUER NOT COOPERATING' S. M. Shankarrao Mohite Patil S. S. K. ST Loan
CRISIL A4
62.8
Reaffirmed Ltd Shiv Industries (Food) Pvt Ltd
BG
CRISIL A4+
6.2
Reaffirmed SIS Cash Services Pvt Ltd
BG
CRISIL A2
250 Downgraded from 'CRISIL A2+' SIS Prosegur Holdings Pvt Ltd
BG
CRISIL A2
280
Reaffirmed Vijay Kapoor Constructions
Proposed ST Bk
CRISIL A4+
22.5
Assigned
Loan Fac Vijay Kapoor Constructions
BG
CRISIL A4+
7.5
Assigned Yash Technologies Pvt Ltd
BG
CRISIL A1
400 Assigned Yash Technologies Pvt Ltd
LOC
CRISIL A1
350
Assigned Aadhar Housing Finance Ltd
Rating Update
-
- CRISIL's rating on Aadhar Housing Finance Ltd (Aadhar housing) is driven by expectation of support from the Dewan group, whose flagship company is Dewan Housing Finance Corporation Ltd (DHFL). Therefore, in the light of recent developments on liquidity front for DHFL, the rating on Aadhar Housing will also be closely monitored. LONG TERM RATINGS: ------------------- Accurate Products Corporation Pvt Ltd LT Loan
CRISIL BBB
62.3
Reaffirmed Accurate Products Corporation Pvt Ltd Proposed LT Bk
CRISIL BBB
45.7
Reaffirmed
Loan Fac Accurate Products Corporation Pvt Ltd WC Fac
CRISIL BBB
85
Reaffirmed Active Tools Pvt Ltd
CC
CRISIL BB
10 Upgraded from 'CRISIL BB-' Annapurna Finance Pvt Ltd
LT Bk Fac
CRISIL A-
1000
Reaffirmed Annapurna Finance Pvt Ltd
Proposed LT Bk
CRISIL A-
7500
Reaffirmed
Loan Fac Annapurna Finance Pvt Ltd
NCD
CRISIL A-
460
Assigned Ashapura Agrocomm Pvt Ltd
CC
CRISIL BB+
280
Reaffirmed Ashapura Agrocomm Pvt Ltd
Overdraft
CRISIL BB+
37
Assigned Asset Engineers Pvt Ltd
TL
CRISIL B+
37.6
Assigned Asset Engineers Pvt Ltd
Proposed WC Fac
CRISIL B+
13.2
Assigned Asset Engineers Pvt Ltd
Proposed LT Bk
CRISIL B+
29.2
Assigned
Loan Fac Asset Engineers Pvt Ltd
CC
CRISIL B+
10
Assigned Dusters Total Solutions Services Pvt LtdCC
CRISIL A-
600
Reaffirmed ECL Finance Ltd
CC**
CRISIL AA
25800 Reaffirmed **Including working capital demand loan ECL Finance Ltd
LT Bk Fac
CRISIL AA
123550 Reaffirmed ECL Finance Ltd
Proposed LT Bk
CRISIL AA
650
Reaffirmed
Loan Fac* *Interchangeable with short term bank facilities ECL Finance Ltd
Retail Bond
CRISIL AA
20000 Assigned ECL Finance Ltd
NCD@
CRISIL AA
20000 Reaffirmed @proposed public issue of retail NCDs ECL Finance Ltd
NCD
CRISIL AA
41300 Reaffirmed ECL Finance Ltd
Subordinated Debt CRISIL AA
4000
Reaffirmed ECL Finance Ltd
LT Principal
CRISIL PP-MLD 3000
Assigned
Protected Market AAr
Linked Debentures ECL Finance Ltd
LT Principal
CRISIL PP-MLD 10000 Reaffirmed
Protected Market AAr
Linked Debentures ECL Finance Ltd
Principal-
CRISIL PP-MLD 11900 Reaffirmed
Protected Equity- AAr
Linked Debentures ECL Finance Ltd
Principal-
CRISIL PP-MLD 350
Reaffirmed
Protected
AAr
Commoptionally convertible debentureity- Linked Debentures Export Import Bank of India
Tier- 1 Bonds
CRISIL AA+
11000 Reaffirmed
Under Basel III Export Import Bank of India
Proposed LT Bk
CRISIL AAA
30000 Reaffirmed
Loan Fac Export Import Bank of India
Bonds Issue
CRISIL AAA
50000 Reaffirmed Export Import Bank of India
Bonds Issue
CRISIL AAA
50000 Reaffirmed Export Import Bank of India
Bonds
CRISIL AAA
455319 Reaffirmed Export Import Bank of India
LT CD Programme* CRISIL AAA
98209.9 Reaffirmed (Reduced from Rs.15651.95 Crore); *Amount outstanding under long-term and short-term certificates of deposit programmes and commercial paper programme will not exceed Rs 9820.99 crore at any point in time Export Import Bank of India
Term Deposit
FAAA
Reaffirmed
Programme HCY Industrial Parks Pvt Ltd
Lease Rental
CRISIL
787.5 Reaffirmed
Discounting (LRD) AA-(SO)#
Loan* #The structured obligation (SO) rating continues as the LRD loan has a debt service reserve account and an escrow mechanism; *IndoSpace FWS Industrial Park Pvt Ltd, HCY Warehousing Pvt Ltd, and HCY Industrial Parks Pvt Ltd jointly and severally hold the total lease renting discounting (LRD) loan of Rs 78.75 crore. IL Jin Electronics India Pvt Ltd
LT Loan
CRISIL A-
300 Upgraded from 'CRISIL BBB+' JWL Cold Store Pvt Ltd
CC
CRISIL A-
20
Reaffirmed JWL Cold Store Pvt Ltd
Drop Line
CRISIL A-
7.5
Reaffirmed
Overdraft Fac JWL Cold Store Pvt Ltd
TL
CRISIL A-
356.8 Reaffirmed Maa Prabhabati Rice Mill
CC
CRISIL B
9
Reaffirmed Maa Prabhabati Rice Mill
TL
CRISIL B
58
Reaffirmed Madhav Copper Ltd
CC
CRISIL BB+
80
Reaffirmed Madhav Copper Ltd
TL
CRISIL BB+
15
Reaffirmed Mercury Travels Ltd
CC
CRISIL BBB-
260
Reaffirmed Continues on 'Rating Watch with Developing Implications' Monga Iron & Steel Pvt. Ltd.
CC
CRISIL D
60 Downgraded from CRISIL B- ; Issuer Not Cooperating Monga Iron & Steel Pvt. Ltd.
Proposed LT Bk
CRISIL D
60
Loan Fac Downgraded from CRISIL B- ; Issuer Not Cooperating Nanma Properties Pvt Ltd
CC
CRISIL BB+
100
Reaffirmed Padmavathi Cotton Industries
TL
CRISIL BB-
57.9
Assigned Padmavathi Cotton Industries
CC
CRISIL BB-
45
Assigned Padmavathi Cotton Industries
Proposed CC Limit CRISIL BB-
7.1
Assigned PICL (India) Pvt Ltd
FB Fac
CRISIL A-
385
Reaffirmed PICL (India) Pvt Ltd
TL
CRISIL A-
110
Reaffirmed Pradeep Metals Ltd
CC
CRISIL BB+
125
Reaffirmed Outlook revised from 'Negative' and rating reaffirmed Pradeep Metals Ltd
LT Loan
CRISIL BB+
339.7 Reaffirmed Outlook revised from 'Negative' and rating reaffirmed Prime Ispat Ltd
CC
CRISIL BBB-
380
Reaffirmed Prime Ispat Ltd
Proposed LT Bk
CRISIL BBB-
57
Reaffirmed
Loan Fac Prime Ispat Ltd
TL
CRISIL BBB-
133
Assigned PVR Ltd
LT Loan
CRISIL AA-
4233.3 Reaffirmed PVR Ltd
WC Fac
CRISIL AA-
250
Reaffirmed PVR Ltd
NCDs
CRISIL AA-
6850
Reaffirmed Ruksh Garments Pvt Ltd
Proposed FB Bk
CRISIL B-
6
Reaffirmed
Limits Migrated from 'CRISIL B- ISSUER NOT COOPERATING' to 'CRISIL D ISSUER NOT COOPERATING' and Simultaneously Migrated to 'CRISIL B- ISSUER NOT COOPERATING' Ruksh Garments Pvt Ltd
TL
CRISIL B-
49
Reaffirmed Migrated from 'CRISIL B- ISSUER NOT COOPERATING' to 'CRISIL D ISSUER NOT COOPERATING' and Simultaneously Migrated to 'CRISIL B- ISSUER NOT COOPERATING' S K Timbers
CC
CRISIL B+
80
Assigned S. M. Shankarrao Mohite Patil S. S. K. Bill Discounting CRISIL C
224.7 Ltd Downgraded from 'CRISIL B-' S. M. Shankarrao Mohite Patil S. S. K. LT Loan
CRISIL C
310.4 Ltd Downgraded from 'CRISIL B-' S. M. Shankarrao Mohite Patil S. S. K. Medium TL
CRISIL C
364.8 Ltd Downgraded from 'CRISIL B-' S. M. Shankarrao Mohite Patil S. S. K. Proposed LT Bk
CRISIL C
37.3 Ltd
Loan Fac Downgraded from 'CRISIL B-' S. M. Shankarrao Mohite Patil S. S. K. Sugar Pledge CC
CRISIL C
3000 Ltd Downgraded from 'CRISIL B-' Sanwariyaji Synthetics
CC
CRISIL BBB-
180
Reaffirmed Sanwariyaji Synthetics
TL
CRISIL BBB-
63.1
Reaffirmed Sanwariyaji Texfab Industries Ltd
CC
CRISIL BBB-
67.5
Reaffirmed Sanwariyaji Texfab Industries Ltd
TL
CRISIL BBB-
45
Reaffirmed Service Master Clean Ltd
CC
CRISIL A-
330
Reaffirmed Shiv Industries (Food) Pvt Ltd
CC
CRISIL BB
50
Reaffirmed Shiv Industries (Food) Pvt Ltd
Proposed LT Bk
CRISIL BB
91.8
Reaffirmed
Loan Fac Shiv Industries (Food) Pvt Ltd
TL
CRISIL BB
2
Reaffirmed Shiv Shakti Industries Pvt Ltd
CC
CRISIL BB
101.7 Assigned Shiv Shakti Industries Pvt Ltd
TL
CRISIL BB
4.6
Assigned Shri Paharimata Cold Storage Pvt Ltd
CC
CRISIL B-
50
Reaffirmed Shri Paharimata Cold Storage Pvt Ltd
Proposed LT Bk
CRISIL B-
7
Reaffirmed
Loan Fac Shri Paharimata Cold Storage Pvt Ltd
Rupee TL
CRISIL B-
19
Reaffirmed SIS Cash Services Pvt Ltd
CC
CRISIL BBB+
150 Downgraded from 'CRISIL A-' SIS Prosegur Holdings Pvt Ltd
CC
CRISIL BBB+
400
Reaffirmed SRS Thermax (NS:THMX) Ltd
CC
CRISIL D
20 Downgraded from 'CRISIL B' SRS Thermax Ltd
TL
CRISIL D
50 Downgraded from 'CRISIL B' Tech Sis Ltd
CC
CRISIL BBB+
50
Reaffirmed Tech Sis Ltd
Proposed LT Bk
CRISIL BBB+
60
Reaffirmed
Loan Fac Tech Sis Ltd
TL
CRISIL BBB+
140
Reaffirmed Vijay Kapoor Constructions
CC
CRISIL BB-
40
Assigned Viva Books Pvt Ltd
CC
CRISIL BBB-
260
Reaffirmed Yash Technologies Pvt Ltd
External
CRISIL A
1500
Assigned
Commercial
Borrowings -------------------------------------------------------------------------------------------- $: 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.