Jul 7 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of July 6, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Archon Powerinfra India Pvt Ltd BG CRISIL A4 45 Reaffirmed
(Issuer Not Cooperating)
Chiripal Poly Films Ltd Non-FBL CRISIL A2+ 3900 Reaffirmed
Crystal Industrial Syndicate Pvt Ltd BG CRISIL A4+ 135 Reaffirmed
Geo Aquatic Products Pvt Ltd Packing Credit CRISIL A4+ 100 Reaffirmed
Jain Brothers BG CRISIL A4+ 65 Reaffirmed
Kansai Nerolac Paints Ltd CP CRISIL A1+ 300 Reaffirmed
Kirloskar Brothers Ltd LOC & BG CRISIL A1+ 15050 Reaffirmed
Kirloskar Brothers Ltd CP CRISIL A1+ 1000 Reaffirmed
Kirloskar Corrocoat Pvt Ltd BG CRISIL A3 140 Reaffirmed
Kirloskar Oil Engines Ltd LOC & BG CRISIL A1+ 4600 Reaffirmed
Kirloskar Oil Engines Ltd CP CRISIL A1+ 1000 Assigned
Manappuram Finance Ltd BG CRISIL A1+ 200 Reaffirmed
Manappuram Finance Ltd CP CRISIL A1+ 40000 Reaffirmed
Northern Power Distribution Company of LOC CRISIL A4+ 1000 Reaffirmed
Telangana Ltd
Punjab General Industries Pvt Ltd BG CRISIL A3+ 20 Reaffirmed
Saraswathi Engineering Construction Pvt BG CRISIL A4 45 Reaffirmed
Ltd
SLN Coffee Pvt Ltd BG CRISIL A4+ 105 Assigned
(Assigned; Suspension Revoked)
Syngene International Ltd LOC & BG CRISIL A1+ 50 Reaffirmed
Syngene International Ltd Overdraft CRISIL A1+ 50 Reaffirmed
Syngene International Ltd Packing Credit in CRISIL A1+ 2000 Reaffirmed
Foreign Currency
Thames Steels Pvt Ltd BG CRISIL A4 20 -
(Revised from 'CRISIL A4+ ISSUER NOT COOPERATING' to 'CRISIL D' and Simultaneously Revised to
'CRISIL A4')
The Cardamom Planters' Marketing BG CRISIL A2+ 40 Reaffirmed
Co-Operative Society Ltd
The Kerala Cardamom Processing and BG CRISIL A2+ 50 Reaffirmed
Marketing Co. Ltd
Torque Pharmaceuticals Pvt Ltd LOC CRISIL A3+ 6.6 Reaffirmed
Varshini Exim Pvt Ltd BG CRISIL A4+ 230 Reaffirmed
LONG TERM RATINGS:
-------------------
Active Tools Pvt Ltd CC CRISIL 10 -
B+/Stable
(Upgraded from 'CRISIL D')
Active Tools Pvt Ltd Export Packing CRISIL 110 -
Credit B+/Stable
(Upgraded from 'CRISIL D')
Active Tools Pvt Ltd LT Loan CRISIL 50 -
B+/Stable
(Upgraded from 'CRISIL D')
Alcobrew Distilleries India Pvt Ltd Bill Discounting CRISIL 370 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Alcobrew Distilleries India Pvt Ltd CC CRISIL 970 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Alcobrew Distilleries India Pvt Ltd LT Loan CRISIL 410 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Ampa Housing Development Pvt Ltd Lease Rental CRISIL 761.8 Reaffirmed
Discounting Loan BB-/Stable
Ampa Housing Development Pvt Ltd Proposed LT Bk CRISIL 120 Assigned
Loan Fac BB-/Stable
Archon Powerinfra India Pvt Ltd CC CRISIL C 15 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
Archon Powerinfra India Pvt Ltd Proposed BG CRISIL C 45 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
Archon Powerinfra India Pvt Ltd Proposed CC Limit CRISIL C 15 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
AU Small Finance Bank Ltd India Standard CRISIL AAA - -
Loan Trust LVI
-Liquidity Fac
(Converted from provisional rating/ credit opinion to final rating/ credit opinion)
AU Small Finance Bank Ltd India Standard CRISIL AAA - -
Loan Trust LVI
-Series A PTCs
(Converted from provisional rating/ credit opinion to final rating/ credit opinion)
AU Small Finance Bank Ltd India Standard CRISIL BBB+ - -
Loan Trust LVI
-Second loss Fac
(Converted from provisional rating/ credit opinion to final rating/ credit opinion)
Chiripal Poly Films Ltd FB Fac CRISIL 2750 Reaffirmed
A-/Negative
Chiripal Poly Films Ltd Proposed TL CRISIL 334.9 Reaffirmed
A-/Negative
Chiripal Poly Films Ltd TL CRISIL 4407.7 Reaffirmed
A-/Negative
Cholamandalam Investment and Finance Platinum Trust CRISIL AAA - Final Rating
Co. Ltd 2019
-Series A PTCs
(Converted from provisional rating to final rating)
Cholamandalam Investment and Finance Platinum Trust CRISIL BBB - Final Rating
Co. Ltd 2019
-Second Loss Fac
(Converted from provisional rating to final rating)
Crystal Industrial Syndicate Pvt Ltd CC CRISIL 160 Reaffirmed
BB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Crystal Industrial Syndicate Pvt Ltd Proposed LT Bk CRISIL 60 Reaffirmed
Loan Fac BB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Crystal Industrial Syndicate Pvt Ltd WC Fac CRISIL 60 Assigned
BB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Curatio Healthcare (I) Pvt Ltd TL CRISIL 510 Reaffirmed
BB/Stable
Eastern Mattresses Pvt Ltd CC CRISIL 85 Reaffirmed
B/Stable
Eastern Mattresses Pvt Ltd LT Loan CRISIL 120 Reaffirmed
B/Stable
Eastern Mattresses Pvt Ltd Proposed LT Bk CRISIL 30 Assigned
Loan Fac B/Stable
Geo Aquatic Products Pvt Ltd Bill Discounting CRISIL 100 Reaffirmed
BB-/Stable
Jain Brothers Overdraft CRISIL 30 Reaffirmed
BB-/Stable
Jain Brothers Proposed LT Bk CRISIL 45 Reaffirmed
Loan Fac BB-/Stable
Jupiter Laminators Pvt Ltd CC CRISIL 440 Reaffirmed
BBB+/Stable
Jupiter Laminators Pvt Ltd LT Loan CRISIL 660 Reaffirmed
BBB+/Stable
Kama-Schachter Jewelry Pvt Ltd Export Packing - 150 Withdrawn
Credit
Kama-Schachter Jewelry Pvt Ltd Post Shipment - 100 Withdrawn
Credit
Kansai Nerolac Paints Ltd CC* - 20 Withdrawn
(*Interchangeable with buyer's credit, working capital loan, letter of credit and bank
guarantee.)
Kansai Nerolac Paints Ltd CC* CRISIL 1580 Reaffirmed
AAA/Stable
(*Interchangeable with buyer's credit, working capital loan, letter of credit and bank
guarantee.)
Kansai Nerolac Paints Ltd NCD CRISIL 100 Reaffirmed
AAA/Stable
Kirloskar Brothers Ltd CC CRISIL 2950 Reaffirmed
AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Kirloskar Brothers Ltd TL CRISIL 1141.3 Reaffirmed
AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Kirloskar Brothers Ltd WC Demand Loan CRISIL 1500 Assigned
AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Kirloskar Corrocoat Pvt Ltd CC CRISIL 50 Reaffirmed
BBB-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Kirloskar Oil Engines Ltd CC CRISIL 1030 Reaffirmed
AA/Stable
Kumarasamy Industries CC CRISIL 110 Reaffirmed
BB-/Stable
Kumarasamy Industries Export Packing CRISIL 10 Assigned
Credit BB-/Stable
Manappuram Finance Ltd CC/ Overdraft Fac CRISIL 6600 Reaffirmed
AA/Stable
Manappuram Finance Ltd Proposed LT Bk CRISIL 62.5 Reaffirmed
Loan Fac AA/Stable
Manappuram Finance Ltd TL CRISIL 8187.5 Reaffirmed
AA/Stable
Manappuram Finance Ltd WC Demand Loan CRISIL 34950 Reaffirmed
AA/Stable
Manappuram Finance Ltd NCD CRISIL 5000 Reaffirmed
AA/Stable
Manappuram Finance Ltd NCD CRISIL 2000 Reaffirmed
AA/Stable
Manappuram Finance Ltd NCD CRISIL 3500 Reaffirmed
AA/Stable
Manappuram Finance Ltd NCD CRISIL 11650.5Reaffirmed
AA/Stable
Manappuram Finance Ltd LT Principal CRISIL PP-MLD 2500 Assigned
Protected Market AAr/Stable
Linked Debentures
Niyogi Enterprise Pvt Ltd NCD CRISIL AA- 4500 Assigned
(Assigned; Placed on 'Rating Watch with Developing Implications')
Northern Power Distribution Company of CC CRISIL 1500 Reaffirmed
Telangana Ltd BB/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Northern Power Distribution Company of Rupee TL CRISIL 10849.5Reaffirmed
Telangana Ltd BB/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Punjab General Industries Pvt Ltd CC CRISIL 300 Reaffirmed
BBB/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Punjab General Industries Pvt Ltd Proposed FB Bk CRISIL 1 Reaffirmed
Limits BBB/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Punjab General Industries Pvt Ltd TL CRISIL 39 Reaffirmed
BBB/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Rami Reddy Constructions Loan Against CRISIL 12 Reaffirmed
Property B/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Rami Reddy Constructions LT Loan CRISIL 188 Assigned
B/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING')
Rithik Sizing Mills India Pvt Ltd CC CRISIL 15.8 Reaffirmed
B+/Stable
Rithik Sizing Mills India Pvt Ltd TL CRISIL 110 Reaffirmed
B+/Stable
Saraswathi Engineering Construction Pvt Overdraft CRISIL 45 Reaffirmed
Ltd B+/Stable
Saraswathi Engineering Construction Proposed Overdraft CRISIL 5 Reaffirmed
Pvt Ltd Fac B+/Stable
Saraswathi Engineering Construction Pvt WC Demand Loan CRISIL 25 Assigned
Ltd B+/Stable
Security Products Pvt Ltd BG CRISIL 150 -
BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Skeiron Renewable Energy Amidyala Ltd TL CRISIL BBB- 3577.4 Reaffirmed
(Continues on 'Rating Watch with Negative Implications')
SLMG Beverages Pvt Ltd CC CRISIL 900 Reaffirmed
BBB-/Stable
SLMG Beverages Pvt Ltd TL CRISIL 8040 Assigned
BBB-/Stable
SLN Coffee Pvt Ltd CC/ Overdraft Fac CRISIL 650 Assigned
BB+/Stable
(Assigned; Suspension Revoked)
SLN Coffee Pvt Ltd Proposed LT Bk CRISIL 245 Assigned
Loan Fac BB+/Stable
(Assigned; Suspension Revoked)
Suvidhi Rayons Pvt Ltd CC CRISIL 280 Reaffirmed
BB+/Stable
Suvidhi Rayons Pvt Ltd Overdraft CRISIL 10 Reaffirmed
BB+/Stable
Suvidhi Rayons Pvt Ltd TL CRISIL 388.4 Assigned
BB+/Stable
Suvidhi Rayons Pvt Ltd Proposed LT Bk CRISIL 18 Assigned
Loan Fac BB+/Stable
Syngene International Ltd Buyer`s Credit CRISIL 800 -
AA+/Stable
(Upgraded from 'CRISIL AA/Positive')
Syngene International Ltd Packing Credit in CRISIL 100 -
Foreign Currency* AA+/Stable
(Upgraded from 'CRISIL AA/Positive'.
*Fully interchangeable with cash credit.)
Thames Steels Pvt Ltd CC CRISIL 64 -
B-/Stable
(Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING' to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B-/Stable')
Thames Steels Pvt Ltd LT Loan CRISIL 261.5 -
B-/Stable
(Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING' to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B-/Stable')
Thames Steels Pvt Ltd TL CRISIL 44.5 Assigned
B-/Stable
(Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING' to 'CRISIL D' and
Simultaneously Revised to 'CRISIL B-/Stable')
The Cardamom Planters' Marketing CC CRISIL 10 Reaffirmed
Co-Operative Society Ltd A-/Stable
The Kerala Cardamom Processing and CC CRISIL 187.3 Reaffirmed
Marketing Co. Ltd A-/Stable
Torque Pharmaceuticals Pvt Ltd CC CRISIL 430 Reaffirmed
BBB/Positive
Torque Pharmaceuticals Pvt Ltd Loan Against CRISIL 139 Reaffirmed
Property BBB/Positive
Torque Pharmaceuticals Pvt Ltd Proposed LT Bk CRISIL 120 Reaffirmed
Loan Fac BBB/Positive
Torque Pharmaceuticals Pvt Ltd TL CRISIL 24.4 Assigned
BBB/Positive
Varshini Exim Pvt Ltd Export Packing CRISIL 250 Reaffirmed
Credit BB/Stable
Varshini Exim Pvt Ltd LT Loan CRISIL 10 Reaffirmed
BB/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)