Sep 7 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of September 4, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Axoli Tiles Pvt Ltd ST Rating CRISIL A4+ - Reaffirmed
Brindavan Agro Industries Pvt Ltd Overdraft CRISIL A2+ 100 Reaffirmed
Brindavan Agro Industries Pvt Ltd ST Rating CRISIL A2+ Reaffirmed
Centum Electronics Ltd LOC & BG CRISIL A3 1327 Reaffirmed
Centum Electronics Ltd Packing Credit in CRISIL A3 200 Reaffirmed
Foreign Currency
Chevrox Constructions Pvt Ltd ST Rating CRISIL A3 - Reaffirmed
Excelsource International Pvt Ltd ST Rating CRISIL A4 - Reaffirmed
Gemscab Industries Ltd ST Rating CRISIL A2+ - -
Green Mobiles BG CRISIL A3+ 500 Reaffirmed
Green Mobiles Purchase Bill CRISIL A3+ 200 Reaffirmed
Discounting
H. R. Polycoats Pvt Ltd LOC CRISIL A3 70 -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING)
Hindustan Petroleum Corporation Ltd ST Rating CRISIL A1+ - Reaffirmed
Hindustan Petroleum Corporation Ltd CP Programme CRISIL A1+ 150000 Reaffirmed
Hindustan Petroleum Corporation Ltd CP Programme CRISIL A1+ 150000 Reaffirmed
Modelama Exports Pvt Ltd ST Rating CRISIL A3+ - Reaffirmed
Ojus Power and Technologies Pvt Ltd LOC & BG CRISIL A4+ 20 Reaffirmed
Rajyalakshmi Marine Exports Packing Credit CRISIL A4+ 40 Assigned
Rajyalakshmi Marine Exports Packing Credit CRISIL A4+ 40 Assigned
Rasun Exports Pvt Ltd ST Rating CRISIL A4 - -
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING')
Raymond UCO Denim Pvt Ltd Non-FBL CRISIL A3+ 1080 -
(Downgraded from 'CRISIL A2'; Continues on 'Rating Watch with Negative Implications' )
Raymond UCO Denim Pvt Ltd Vendor Financing CRISIL A3+ 750 -
(Downgraded from 'CRISIL A2'; Continues on 'Rating Watch with Negative Implications' )
Rba Ferro Industries Pvt Ltd ST Rating CRISIL A3 - -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Rudra Enterprises - Asansol BG CRISIL A3 40 -
Sahu Exports Proposed Packing CRISIL A3+ 100 Reaffirmed
Credit
Sivaguru Spinning Mills Pvt Ltd ST Rating CRISIL A4 - Assigned
Uneecops Technologies Ltd ST Rating CRISIL A4+ - -
(Downgraded from 'CRISIL A3' and Rating withdrawn)
Universal Precision Screws ST Rating CRISIL A3+ - Reaffirmed
Welspun Corp Ltd BG CRISIL A1+ 10330 Reaffirmed
Welspun Corp Ltd LOC CRISIL A1+ 34900 Reaffirmed
Welspun Corp Ltd Proposed LOC & BG CRISIL A1+ 12120 Reaffirmed
Welspun Corp Ltd CP CRISIL A1+ 5000 Reaffirmed
MEDIUM TERM RATINGS:
-------------------
Hindustan Petroleum Corporation Ltd FD Programme FAAA/Stable 30000 Reaffirmed
Hindustan Petroleum Corporation Ltd FD Programme FAAA/Stable - Reaffirmed
LONG TERM RATINGS:
-------------------
Abhay Fire Engineering and Services Pvt Rating Advisory - - -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aeindri Agro Food Product Pvt Ltd LT Rating CRISIL - -
B+/Stable
(Upgraded from 'CRISIL B/Stable' )
Asirvad Microfinance Ltd Northern Arc 2019 CRISIL A- - -
MFI Artemis
-Series A PTCs
(Continues on 'Rating Watch with Negative Implications')
Asirvad Microfinance Ltd Northern Arc 2019 CRISIL A- - -
MFI Artemis
-Series A PTCs
(Continues on 'Rating Watch with Negative Implications')
Axoli Tiles Pvt Ltd LT Rating CRISIL - Reaffirmed
BB-/Stable
Brindavan Agro Industries Pvt Ltd CC CRISIL 300 Reaffirmed
A-/Stable
Brindavan Agro Industries Pvt Ltd Proposed LT Bk CRISIL 694.1 Reaffirmed
Loan Fac A-/Stable
Brindavan Agro Industries Pvt Ltd TL CRISIL 15.9 Reaffirmed
A-/Stable
Brindavan Agro Industries Pvt Ltd LT Rating CRISIL Reaffirmed
A-/Stable
Centum Electronics Ltd CC CRISIL 410 Reaffirmed
BBB-/Stable
Centum Electronics Ltd Cash TL CRISIL 380 Reaffirmed
BBB-/Stable
Centum Electronics Ltd Export Packing CRISIL 750 Reaffirmed
Credit BBB-/Stable
Centum Electronics Ltd WC Demand Loan CRISIL 430 Assigned
BBB-/Stable
Chevrox Constructions Pvt Ltd LT Rating CRISIL - Reaffirmed
BBB-/Stable
Clear Polyplast India Pvt Ltd CC CRISIL 145 Reaffirmed
BBB/Stable
Clear Polyplast India Pvt Ltd Proposed FB Bk CRISIL 145.2 Reaffirmed
Limits BBB/Stable
Clear Polyplast India Pvt Ltd TL CRISIL 9.8 Reaffirmed
BBB/Stable
Dipu Enterprises Pvt Ltd CC CRISIL 170 Reaffirmed
BB-/Stable
Dipu Enterprises Pvt Ltd Proposed LT Bk CRISIL 5.7 Reaffirmed
Loan Fac BB-/Stable
Dipu Enterprises Pvt Ltd SME Gold Card CRISIL 17 Reaffirmed
BB-/Stable
Dipu Enterprises Pvt Ltd TL CRISIL 7.3 Reaffirmed
BB-/Stable
Elite Foods Pvt Ltd CC CRISIL 50 Reaffirmed
BBB+/Stable
Elite Foods Pvt Ltd Proposed LT Bk CRISIL 50 Reaffirmed
Loan Fac BBB+/Stable
Elite Green Pvt Ltd Export Packing CRISIL 200 Reaffirmed
Credit BBB+/Stable
Elite Green Pvt Ltd Foreign Bill CRISIL 50 Reaffirmed
Discounting BBB+/Stable
Elite Green Pvt Ltd LT Loan CRISIL 1 Reaffirmed
BBB+/Stable
Elite Green Pvt Ltd Proposed WC Fac CRISIL 19 Reaffirmed
BBB+/Stable
Elite Natural Pvt Ltd LT Rating CRISIL - Reaffirmed
BBB+/Stable
Elite Tasty Toast Pvt Ltd CC CRISIL 15 Reaffirmed
BBB+/Stable
Elite Tasty Toast Pvt Ltd LT Loan CRISIL 18.1 Reaffirmed
BBB+/Stable
Elite Tasty Toast Pvt Ltd Proposed LT Bk CRISIL 16.9 Reaffirmed
Loan Fac BBB+/Stable
Gala Global Products Ltd LT Rating CRISIL - -
BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Gemscab Industries Ltd LT Rating CRISIL - -
A-/Stable
Genesys Biologics Pvt Ltd CC CRISIL D 110 Reaffirmed
Genesys Biologics Pvt Ltd Proposed LT Bk CRISIL D 5 Reaffirmed
Loan Fac
Genesys Biologics Pvt Ltd TL CRISIL D 585 Assigned
Green Mobiles Proposed LT Bk CRISIL 500 Reaffirmed
Loan Fac BBB/Stable
H. R. Polycoats Pvt Ltd CC CRISIL 275 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
H. R. Polycoats Pvt Ltd Fund & NFBL CRISIL 4 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
H. R. Polycoats Pvt Ltd Proposed FB Bk CRISIL 12.8 -
Limits BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
H. R. Polycoats Pvt Ltd TL CRISIL 150.6 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
H. R. Polycoats Pvt Ltd WC Demand Loan CRISIL 27.5 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
H. R. Polycoats Pvt Ltd WC Fac CRISIL 60.1 -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Hindustan Petroleum Corporation Ltd LT Rating CRISIL - Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 60000 Assigned
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 40000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 25000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 60000 Assigned
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 40000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 20000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 25000 Reaffirmed
AAA/Stable
Hindustan Petroleum Corporation Ltd NCD CRISIL 30000 Reaffirmed
AAA/Stable
Kesoram Industries Ltd NCD CRISIL D 16500 Assigned
Meenakshi Traders - Cochin CC CRISIL 90 Reaffirmed
BB+/Stable
Meenakshi Traders - Cochin Proposed WC Fac CRISIL 10 Reaffirmed
BB+/Stable
Modelama Exports Pvt Ltd LT Rating CRISIL - Reaffirmed
BBB/Stable
Muthoot Capital Services Ltd Vivriti Patroclus CRISIL AA+ - -
10 2019 -Series A1
PTCs
(Continues on 'Rating Watch with Negative Implications')
Muthoot Capital Services Ltd Achilles 02 2020 CRISIL AA+ - -
-Series A1 PTCs
(Converted from provisional rating to final rating/Continues on 'Rating Watch with Negative
Implications')
Ojus Power and Technologies Pvt Ltd CC CRISIL 100 Reaffirmed
BB+/Stable
Ojus Power and Technologies Pvt Ltd Channel Financing CRISIL 35 Reaffirmed
BB+/Stable
Ojus Power and Technologies Pvt Ltd TL CRISIL 84.5 Assigned
BB+/Stable
Ojus Power and Technologies Pvt Ltd Proposed FB Bk CRISIL 0.5 Assigned
Limits BB+/Stable
Rajyalakshmi Marine Exports WC TL CRISIL 29.6 Assigned
BB-/Stable
Rajyalakshmi Marine Exports Proposed LT Bk CRISIL 30.4 Assigned
Loan Fac BB-/Stable
Rajyalakshmi Marine Exports Foreign Bill CRISIL 60 Assigned
Discounting BB-/Stable
Rajyalakshmi Marine Exports WC TL CRISIL 29.6 Assigned
BB-/Stable
Rajyalakshmi Marine Exports Proposed LT Bk CRISIL 30.4 Assigned
Loan Fac BB-/Stable
Rajyalakshmi Marine Exports Foreign Bill CRISIL 60 Assigned
Discounting BB-/Stable
Rasun Exports Pvt Ltd LT Rating CRISIL - -
B/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Raymond UCO Denim Pvt Ltd FB Fac CRISIL BBB 2840 -
(Downgraded from 'CRISIL BBB+'; Continues on 'Rating Watch with Negative Implications' )
Raymond UCO Denim Pvt Ltd TL CRISIL BBB 673 -
(Downgraded from 'CRISIL BBB+'; Continues on 'Rating Watch with Negative Implications' )
Rba Ferro Industries Pvt Ltd LT Rating CRISIL - -
BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Rudra Enterprises - Asansol CC CRISIL 100 -
BBB-/Stable
S.K.P.V.V. Hindu High Schools Committee Secured Overdraft CRISIL D 100 Reaffirmed
Fac
Sahu Exports Export Packing CRISIL 150 Reaffirmed
Credit BBB/Stable
Sahu Exports Proposed FB Bk CRISIL 40 Reaffirmed
Limits BBB/Stable
Sahu Exports Proposed TL CRISIL 60 Reaffirmed
BBB/Stable
Sai Export Enterprises LT Rating CRISIL - Reassigned
B/Stable
Shriram City Union Finance Ltd Mobil Trust Series CRISIL AAA - -
09 -Series A PTCs
(Continues on 'Rating Watch with Negative Implications')
Sivaguru Spinning Mills Pvt Ltd LT Rating CRISIL - Assigned
B+/Stable
Sree Guru Raghavendra Cotton Ginning CC CRISIL 50 Reaffirmed
Factory B/Stable
Sri Dhanalakshmi Traders LT Rating CRISIL D - -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Uneecops Technologies Ltd LT Rating CRISIL - -
BB+/Stable
(Downgraded from 'CRISIL BBB-/Negative' and Rating withdrawn)
Universal Precision Screws LT Rating CRISIL - Reaffirmed
BBB/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Welspun Corp Ltd CC CRISIL 900 Reaffirmed
AA/Stable
Welspun Corp Ltd NCD CRISIL 900 Reaffirmed
AA/Stable
Woodkraft India Pvt Ltd LT Rating CRISIL - -
BBB/Stable
(Assigned; Suspension Revoked)
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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