Dec 7 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of December 4, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Alfa Laval India Pvt Ltd BG CRISIL A1+ 2695.5 Reaffirmed Amara Raja Electronics Ltd BG* CRISIL A4+ 42 Reaffirmed *Bank guarantee and letter of credit are interchangeable Amara Raja Electronics Ltd BG CRISIL A4+ 3 Reaffirmed Amara Raja Electronics Ltd LOC* CRISIL A4+ 146 Reaffirmed *Bank guarantee and letter of credit are interchangeable Bharat Oman Refineries Ltd Non-FBL CRISIL A1+ 49500 Reaffirmed Bharat Oman Refineries Ltd ST Bk Fac CRISIL A1+ 450 Reaffirmed Bharat Oman Refineries Ltd CP CRISIL A1+ 12000 Reaffirmed Bharat Serums and Vaccines Ltd LOC CRISIL A1 180 Reaffirmed C J S Specialty Chemicals Pvt Ltd LOC CRISIL A2+ 500 Upgraded from CRISIL A2 C L Gupta Exports Ltd LOC CRISIL A1 100 Assigned (Assigned; Suspension Revoked) C L Gupta Exports Ltd Standby Line of CRISIL A1 147.5 Assigned Contract (Assigned; Suspension Revoked) C. J. Shah and Co. LOC CRISIL A1 9320 Reaffirmed Centrum Financial Services Ltd - Fjord Series A1 PTCs Provisional 375 Assigned Trust Nov-20 CRISIL A1+ (SO) Centrum Financial Services Ltd - Fjord Series A2 PTCs Provisional 50 Assigned Trust Nov-20 CRISIL A4 (SO) Century Enka Ltd LOC$ CRISIL A1+ 200 Reaffirmed $Interchangeable with Buyers credit Century Enka Ltd LOC^ CRISIL A1+ 750 Reaffirmed ^Fully interchangeable with Buyers credit , Bank Guarantee to the extent of Rs.10 crore ,WCDL to the extent of Rs. 40 crore and overdraft to the extent of Rs 20 crore. Century Enka Ltd LOC & BG CRISIL A1+ 1050 Reaffirmed Century Enka Ltd Proposed NFBL CRISIL A1+ 660 Reaffirmed DH Ltd BG CRISIL A3 90 Assigned DH Ltd Inland/Import LOC CRISIL A3 10 Assigned G-Next Media Pvt Ltd BG CRISIL A4+ 21.5 Migrated from CRISIL A4 (Issuer Not Cooperating) Hyundai Motor India Ltd BG@@ CRISIL A1+ 100 Reaffirmed @@Interchangeable with letter of credit Hyundai Motor India Ltd Packing Credit@ CRISIL A1+ 28520 Reaffirmed @Interchangeable with letter of credit, buyer's credit, short-term loan, overdraft, bill discounting and bank guarantee Hyundai Motor India Ltd Proposed ST Bk CRISIL A1+ 980 Reaffirmed Loan Fac Hyundai Motor India Ltd ST Debt CRISIL A1+ 1000 Reaffirmed Innovative Interiors Pvt Ltd BG CRISIL A4 20 Downgraded from CRISIL A4+ J.P. International - Kolkata Packing Credit in CRISIL A4 11.8 Reassigned Foreign Currency K.N. Srinivasa BG CRISIL A4 5 Reaffirmed Lisha Engineers Pvt Ltd BG CRISIL A3 210 Assigned Maxim Tubes Company Pvt Ltd BG CRISIL A3 130 Reaffirmed Maxim Tubes Company Pvt Ltd Bill Discounting CRISIL A3 50 Reaffirmed under LOC Maxim Tubes Company Pvt Ltd LOC CRISIL A3 550 Reaffirmed Millennium Engineers and Contractors LOC & BG CRISIL A4+ 430 Reaffirmed Ltd Muthoot Fincorp Ltd CP CRISIL A1 9000 Reaffirmed Narmada Iron and Associates Pvt Ltd LOC CRISIL A3+ 450 Reaffirmed Pharmacon BG CRISIL A4+ 20 Reaffirmed Poct Services BG CRISIL A3+ 185 Reaffirmed Poct Services Overdraft CRISIL A3+ 27.5 Reaffirmed Poct Services Pvt Ltd BG CRISIL A3+ 50 Reaffirmed Ralson (India) Ltd Capex LOC CRISIL A1+ 150 Reaffirmed Ralson (India) Ltd LOC CRISIL A1+ 240 Reaffirmed Ralson (India) Ltd Non-FBL CRISIL A1+ 30.9 Reaffirmed Ralson (India) Ltd CP CRISIL A1+ 100 Reaffirmed Shah C J World LLP LOC & BG CRISIL A2+ 1250 Reaffirmed Southern India Aquaculture LOC CRISIL A3 50 Migrated from CRISIL A4+ (Issuer Not Cooperating) Sri Sai Constructions - Proddatur BG CRISIL A4+ 190 Reaffirmed Studds Accessories Ltd LOC & BG CRISIL A1 70 Reaffirmed Studds Accessories Ltd Non-FBL CRISIL A1 150 Reaffirmed Studds Accessories Ltd Overdraft CRISIL A1 210 Reaffirmed Sunag Engineering Pvt Ltd Letter Of CRISIL A4 35 Reaffirmed Guarantee Sunag Engineering Pvt Ltd Overdraft CRISIL A4 10 Reaffirmed Sunag Engineering Pvt Ltd Proposed NFBL CRISIL A4 25 Reaffirmed Sunita Natural Forest Products Pvt Ltd BG CRISIL A4 50 Reaffirmed Vasu Enterprises BG CRISIL A4+ 200 Reaffirmed Venkateswara Electrical Industries Pvt BG CRISIL A4+ 160 Reaffirmed Ltd Venkateswara Electrical Industries Pvt Inland/Import LOC CRISIL A4+ 100 Reaffirmed Ltd Wellknown Polyesters Ltd BG CRISIL A1+ 650 Reaffirmed Wellknown Polyesters Ltd LOC CRISIL A1+ 560 Reaffirmed Wellknown Polyesters Ltd CP CRISIL A1+ 2000 Reaffirmed LONG TERM RATINGS: ------------------- AGR Automobiles Pvt Ltd CC CRISIL 53 Reaffirmed BBB-/Stable AGR Automobiles Pvt Ltd Inventory Funding CRISIL 335 Reaffirmed Fac BBB-/Stable Alfa Laval India Pvt Ltd CC CRISIL 227.1 Reaffirmed AA+/Stable Alfa Laval India Pvt Ltd Proposed WC Fac CRISIL 50 Reaffirmed AA+/Stable Alliance Projects- Chennai Proposed TL CRISIL 500 Assigned BBB-/Stable Alliance Projects- Chennai TL CRISIL 225.8 Assigned BBB-/Stable Amara Raja Electronics Ltd CC CRISIL 163.5 Reaffirmed BB-/Stable Amara Raja Electronics Ltd Proposed LT Bk CRISIL 32 Reaffirmed Loan Fac BB-/Stable Amophil Chemicals Pvt Ltd CC CRISIL 37.5 Assigned BB+/Stable Amophil Chemicals Pvt Ltd LT Loan CRISIL 132.5 Assigned BB+/Stable Bashko Engineering Pvt Ltd CC CRISIL 75 Downgraded BB-/Stable from CRISIL BB/Stable Bashko Engineering Pvt Ltd Proposed LT Bk CRISIL 11.9 Downgraded Loan Fac BB-/Stable from CRISIL BB/Stable Bashko Engineering Pvt Ltd TL CRISIL 83.1 Downgraded BB-/Stable from CRISIL BB/Stable Bharat Oman Refineries Ltd NCD CRISIL AA+ 6000 - (Continues on 'Rating watch with Developing Implications') Bharat Oman Refineries Ltd NCD CRISIL AA+ 14000 Assigned (Assigned; Placed on 'Rating Watch with Developing Implications') Bharat Oman Refineries Ltd External CRISIL 8646.4 Reaffirmed Commercial AA+/Watch Borrowings Developing (Continues on 'Rating watch with Developing Implications') Bharat Oman Refineries Ltd FB Fac CRISIL 20000 Reaffirmed AA+/Watch Developing (Continues on 'Rating watch with Developing Implications') Bharat Oman Refineries Ltd FB Fac* CRISIL 12500 Reaffirmed AA+/Watch Developing (Continues on 'Rating watch with Developing Implications')/*Fully interchangeable with non-fund based limits Bharat Oman Refineries Ltd Proposed FB Bk CRISIL 28982.6Reaffirmed Limits AA+/Watch Developing (Continues on 'Rating watch with Developing Implications') Bharat Oman Refineries Ltd TL CRISIL 43791 Reaffirmed AA+/Watch Developing (Continues on 'Rating watch with Developing Implications') Bharat Serums and Vaccines Ltd CC CRISIL A+ 370 Reaffirmed Bharat Serums and Vaccines Ltd Foreign Currency CRISIL A+ 200 Reaffirmed TL Bharat Serums and Vaccines Ltd WC Fac CRISIL A+ 1400 Reaffirmed Bharat Serums and Vaccines Ltd Proposed WC Fac CRISIL A+ 250 Reaffirmed Bundela Exports CC CRISIL 30 Reaffirmed BB-/Stable Bundela Exports Proposed LT Bk CRISIL 15.5 Reaffirmed Loan Fac BB-/Stable Bundela Exports TL CRISIL 4.5 Reaffirmed BB-/Stable C L Gupta Exports Ltd TL CRISIL 10 Assigned A/Stable (Assigned; Suspension Revoked) C L Gupta Exports Ltd WC Fac CRISIL 492.5 Assigned A/Stable (Assigned; Suspension Revoked) Century Enka Ltd Bill Discounting CRISIL 200 Reaffirmed A+/Stable Century Enka Ltd CC* CRISIL 300 Reaffirmed A+/Stable *Interchangeable with WCDL and other non-fund based facilities Century Enka Ltd CC# CRISIL 50 Reaffirmed A+/Stable #Interchangeable with other fund based facilities Century Enka Ltd CC CRISIL 60 Reaffirmed A+/Stable Century Enka Ltd LOC@ CRISIL 250 Reaffirmed A+/Stable @Fully interchangeable with Bank guarantee and Cash credit, WCDL and Bill discounting to the extent of Rs.15 crore Century Enka Ltd Proposed FB Bk CRISIL 1820 Reaffirmed Limits A+/Stable Century Enka Ltd TL CRISIL 110 Reaffirmed A+/Stable DH Ltd Proposed LT Bk CRISIL 30 Assigned Loan Fac BBB-/Stable DH Ltd Open CC CRISIL 70 Assigned BBB-/Stable Gawar Rohna Jhajjar Highway Pvt Ltd Proposed LT Bk CRISIL 10 Upgraded from Loan Fac AA-/Stable CRISIL A/Positive Gawar Rohna Jhajjar Highway Pvt Ltd Rupee TL* CRISIL 2690 Upgraded from AA-/Stable CRISIL A/Positive *Mobilisation bank guarantee sublimit of Rs 78.98 crore Gawar Rohna Sonepat Highways Pvt Ltd Proposed LT Bk CRISIL 10 Reaffirmed Loan Fac A-/Stable Gawar Rohna Sonepat Highways Pvt Ltd Rupee TL* CRISIL 3990 Reaffirmed A-/Stable *Mobilisation bank guarantee sublimit of Rs 112.2 crore G-Next Media Pvt Ltd CC CRISIL 115 Migrated from BB+/Stable CRISIL B+/Stable (Issuer Not Cooperating) G-Next Media Pvt Ltd Proposed FB Bk CRISIL 3.5 Migrated from Limits BB+/Stable CRISIL B+/Stable (Issuer Not Cooperating) Hyundai Motor India Ltd Packing Credit^ CRISIL 7400 Reassigned AAA/Stable ^ Interchangeable with Packing Credit in Foreign Currency / Foreign Bills Discounted / Export Bills Rediscounting. One way interchangeability with non-fund based working capital limits to the extent of Rs 350 crore; Includes Rs 740 crore of Cash credit and Rs 100 crore of Forward Contract/ Derivative Credit Exposure limit as sub-limits Innovative Interiors Pvt Ltd LT Loan CRISIL 16 Downgraded B+/Stable from CRISIL BB-/Stable Innovative Interiors Pvt Ltd Secured Overdraft CRISIL 30 Downgraded Fac B+/Stable from CRISIL BB-/Stable J.P. International - Kolkata CC/ Overdraft Fac CRISIL 2.5 Reaffirmed B+/Stable J.P. International - Kolkata TL CRISIL 5.7 Reaffirmed B+/Stable K.N. Srinivasa Overdraft CRISIL 75 Reaffirmed B/Stable K.N. Srinivasa Proposed OverdraftCRISIL 15 Reaffirmed Fac B/Stable Kaycee Polymers Pvt Ltd CC - 30 Withdrawn Kaycee Polymers Pvt Ltd LOC - 60 Withdrawn Komal Texfab Pvt Ltd Proposed LT Bk - 30 Withdrawn Loan Fac Komal Texfab Pvt Ltd TL - 45 Withdrawn Kumaragiri Spinnerss Pvt Ltd CC CRISIL 375 Assigned BBB/Stable Kumaragiri Spinnerss Pvt Ltd Proposed LT Bk CRISIL 318 Assigned Loan Fac BBB/Stable Kumaragiri Spinnerss Pvt Ltd TL CRISIL 737 Assigned BBB/Stable Lisha Engineers Pvt Ltd CC/ Overdraft Fac CRISIL 30 Assigned BBB-/Stable Lisha Engineers Pvt Ltd WC Fac CRISIL 260 Assigned BBB-/Stable Maxim Tubes Company Pvt Ltd CC CRISIL 165 Reaffirmed BBB-/Stable Maxim Tubes Company Pvt Ltd Credit Limit UnderCRISIL 23 Reaffirmed Gold Card BBB-/Stable Maxim Tubes Company Pvt Ltd Export Packing CRISIL 115 Reaffirmed Credit BBB-/Stable Maxim Tubes Company Pvt Ltd Proposed LT Bk CRISIL 6.3 Reaffirmed Loan Fac BBB-/Stable Maxim Tubes Company Pvt Ltd TL CRISIL 416 Reaffirmed BBB-/Stable Millennium Engineers and Contractors CC CRISIL 170 Reaffirmed Ltd BB+/Stable Millennium Engineers and Contractors Drop Line CRISIL 30 Reaffirmed Ltd Overdraft Fac BB+/Stable Millennium Engineers and Contractors Proposed FB Bk CRISIL 60 Reaffirmed Ltd Limits BB+/Stable Millennium Engineers and Contractors Proposed LT Bk CRISIL 20 Reaffirmed Ltd Loan Fac BB+/Stable Millennium Engineers and Contractors TL CRISIL 60 Reaffirmed Ltd BB+/Stable Muthoot Fincorp Ltd CC & WC demand CRISIL 77850 Reaffirmed loan A/Stable Muthoot Fincorp Ltd Proposed LT Bk CRISIL 10 Reaffirmed Loan Fac A/Stable Muthoot Fincorp Ltd TL CRISIL 3375 Reaffirmed A/Stable Muthoot Fincorp Ltd WC TL CRISIL 20575 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 4000 Assigned A/Stable Muthoot Fincorp Ltd NCD CRISIL 4000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 3000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 5000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 3000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 5000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 5000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 5000 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 21.9 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 3.5 Reaffirmed A/Stable Muthoot Fincorp Ltd NCD CRISIL 9.2 Reaffirmed A/Stable Muthoot Fincorp Ltd Subordinated Debt CRISIL 355.9 Reaffirmed A/Stable Muthoot Fincorp Ltd Perpetual Bonds CRISIL 1440 Reaffirmed BBB+/Stable Namrata Stone Crusher CC CRISIL 120 Migrated from BB/Stable CRISIL B+/Stable (Issuer Not Cooperating) Namrata Stone Crusher LT Loan CRISIL 90 Migrated from BB/Stable CRISIL B+/Stable (Issuer Not Cooperating) Namrata Stone Crusher Proposed TL CRISIL 60 Migrated from BB/Stable CRISIL B+/Stable (Issuer Not Cooperating) Nandi Sahakari Sakkare Karakhane NiyamiSugar Pledge CC CRISIL 850 Reaffirmed BB/Stable Narmada Iron and Associates Pvt Ltd CC CRISIL 150 Reaffirmed BBB/Stable Narmada Iron and Associates Pvt Ltd Electronic Dealer CRISIL 495 Reaffirmed Financing BBB/Stable Scheme(e-DFS) P.C. Snehal Construction Pvt Ltd Ratings - - - (CRISIL is yet to receive adequate information to enable it to undertake a rating review) Perfect Alloys and Steel Ltd BG - 3 Withdrawn Perfect Alloys and Steel Ltd CC - 62 Withdrawn Perfect Alloys and Steel Ltd Rupee TL - 52.5 Withdrawn Pharmacon CC CRISIL 35 Reaffirmed BB-/Stable Pharmacon Proposed BG CRISIL 5 Reaffirmed BB-/Stable Pharmacon Proposed WC Fac CRISIL 10 Reaffirmed BB-/Stable Poct Services Bill Discounting CRISIL 130 Reaffirmed BBB/Negative (Outlook revised from 'Stable' and rating reaffirmed) Poct Services CC CRISIL 200 Reaffirmed BBB/Negative (Outlook revised from 'Stable' and rating reaffirmed) Poct Services Secured Overdraft CRISIL 7.5 Reaffirmed against term BBB/Negative deposits (Outlook revised from 'Stable' and rating reaffirmed) Poct Services WC TL CRISIL 50 Reaffirmed BBB/Negative (Outlook revised from 'Stable' and rating reaffirmed) Poct Services Pvt Ltd CC CRISIL 110 Reaffirmed BBB/Negative (Outlook revised from 'Stable' and rating reaffirmed) PPS Motors Pvt Ltd CC CRISIL 50 Reaffirmed BBB/Stable (Outlook revised from 'Negative' and rating reaffirmed) PPS Motors Pvt Ltd Inventory Funding CRISIL 300 Reaffirmed Fac BBB/Stable (Outlook revised from 'Negative' and rating reaffirmed) Ralson (India) Ltd Buyer`s Credit CRISIL 210 Reaffirmed A+/Stable Ralson (India) Ltd CC CRISIL 755 Reaffirmed A+/Stable Ralson (India) Ltd LT Loan CRISIL 175 Reaffirmed A+/Stable Ralson (India) Ltd Proposed FB Bk CRISIL 25 Reaffirmed Limits A+/Stable Rasik Products Pvt Ltd BG - 19 Withdrawn (Issuer Not Cooperating) Rasik Products Pvt Ltd Packing Credit - 60 Withdrawn (Issuer Not Cooperating) Rasik Products Pvt Ltd Proposed LT Bk - 11 Withdrawn Loan Fac (Issuer Not Cooperating) Rasik Products Pvt Ltd Secured Overdraft - 90 Withdrawn Fac (Issuer Not Cooperating) Southern India Aquaculture CC CRISIL 50 Migrated from BBB-/Stable CRISIL BB+/Stable (Issuer Not Cooperating) Sri Sai Constructions - Proddatur CC CRISIL 60 Reaffirmed BB/Stable Studds Accessories Ltd LT Loan CRISIL 486.7 Reaffirmed A/Positive (Outlook revised from 'Stable' and rating reaffirmed) Studds Accessories Ltd Proposed LT Bk CRISIL 3.3 Reaffirmed Loan Fac A/Positive (Outlook revised from 'Stable' and rating reaffirmed) Sunita Natural Forest Products Pvt Ltd CC CRISIL 35 Reaffirmed B+/Stable Swaroop Pharmaceuticals Pvt Ltd CC - 65 Withdrawn (Rating Reaffirmed and Withdrawn) T G R Projects India Pvt Ltd LT Loan CRISIL 298.1 Migrated from B/Stable CRISIL B/Stable (Issuer Not Cooperating) T G R Projects India Pvt Ltd Proposed TL CRISIL 21.9 Migrated from B/Stable CRISIL B/Stable (Issuer Not Cooperating) Vasu Enterprises CC CRISIL 120 Reaffirmed BB/Stable Venkateswara Electrical Industries Pvt CC CRISIL 200 Reaffirmed Ltd BB-/Stable Venkateswara Electrical Industries Pvt Channel Financing CRISIL 140 Reaffirmed Ltd BB-/Stable Vessella Meadows LT Loan CRISIL 350 Reaffirmed BB/Stable Wellknown Polyesters Ltd CC CRISIL 9420 Reaffirmed AA-/Stable Wellknown Polyesters Ltd External CRISIL 3352.7 Reaffirmed Commercial AA-/Stable Borrowings Wellknown Polyesters Ltd Foreign Currency CRISIL 2465.3 Reaffirmed TL AA-/Stable Wellknown Polyesters Ltd Rupee TL CRISIL 2052 Reaffirmed AA-/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 rru.data@refinitiv.com)
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