Jun 17 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of June 16, 2020.
COMPANY INSTRUMENT RATING AMOUNT MOVEMENT
(RS.MLN)
------ ---------- ------ ----- ---------
SHORT TERM RATINGS:
-------------------
Accord Software and Systems Pvt Ltd BG CRISIL A2 220 Assigned
Alankar Real Estates Pvt Ltd BG CRISIL A4 30 Reaffirmed
Anita Singh BG CRISIL A4+ 25 Assigned
Chandra Coal Pvt Ltd BG CRISIL A4+ 20 Reaffirmed
Deccan Fine Chemicals India Pvt Ltd LOC & BG CRISIL A1 60 Reaffirmed
Deccan Fine Chemicals India Pvt Ltd Packing Credit in CRISIL A1 3800 Reaffirmed
Foreign Currency
Deco Gold Glazed Tiles Ltd BG CRISIL A4 15 Reaffirmed
Dinshaw S Dairy Foods Pvt Ltd BG* CRISIL A2+ 5 Reaffirmed
(*Interchangeable with letter of credit)
Dinshaw S Dairy Foods Pvt Ltd ST Loan CRISIL A2+ 400 Reaffirmed
DSR Sons India Engineers Pvt Ltd BG CRISIL A4+ 20 Reaffirmed
Kej Minerals Pvt Ltd BG CRISIL A4+ 1.5 Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Kej Minerals Pvt Ltd Bill Discounting CRISIL A4+ 80 Reaffirmed
under LOC
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Maharaj Soaps Industry Pvt Ltd LOC CRISIL A4+ 120 -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Manappuram Finance Ltd BG CRISIL A1+ 200 Reaffirmed
Manappuram Finance Ltd CP CRISIL A1+ 40000 Reaffirmed
Mint Environ Pvt Ltd Proposed ST Bk CRISIL A4+ 9 Reaffirmed
Loan Fac
Nimma Narayan Engineers And Contractors BG CRISIL A4+ 250 Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Nimma Narayan Engineers And Contractors Proposed BG CRISIL A4+ 1.5 Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Shri Rathi Steel (Dakshin) Ltd LOC CRISIL A2 80 Reaffirmed
Shri Rathi Steel Ltd LOC CRISIL A2 110 Reaffirmed
UltraTech Cement Ltd CP CRISIL A1+ 45000 Reaffirmed
(Enhanced from Rs.3500 Crore)
Universal Forces Industries BG CRISIL A4+ 70 Reaffirmed
Vaibhav Gems Packing Credit CRISIL A3+ 140 Reaffirmed
Vaibhav Gems Post Shipment CRISIL A3+ 100 Reaffirmed
Credit
Vaibhav Gems Proposed Export CRISIL A3+ 128 Reaffirmed
Packing Credit
Varad Agri Tech Ltd BG CRISIL A4+ 20 Reaffirmed
Varad Agri Tech Ltd ST Rating CRISIL A4+ - Reaffirmed
V-Trans India Ltd BG CRISIL A2+ 25 Reaffirmed
LONG TERM RATINGS:
-------------------
Accord Software and Systems Pvt Ltd WC TL CRISIL 60 Assigned
BBB+/Stable
Accord Software and Systems Pvt Ltd WC Demand Loan CRISIL 120 Assigned
BBB+/Stable
Accord Software and Systems Pvt Ltd Standby Line of CRISIL 20 Assigned
Credit BBB+/Stable
Accord Software and Systems Pvt Ltd Proposed WC Fac CRISIL 2.5 Assigned
BBB+/Stable
Accord Software and Systems Pvt Ltd CC CRISIL 257.5 Assigned
BBB+/Stable
Alankar Real Estates Pvt Ltd CC CRISIL 55 Reaffirmed
B+/Stable
Anita Singh Proposed LT Bk CRISIL 56.6 Assigned
Loan Fac BB-/Stable
Anita Singh LT Loan CRISIL 3.4 Assigned
BB-/Stable
Anita Singh CC/ Overdraft Fac CRISIL 15 Assigned
BB-/Stable
Chandra Coal Pvt Ltd CC CRISIL 70 Reaffirmed
BB/Stable
Deccan Fine Chemicals India Pvt Ltd External CRISIL 7790 Reaffirmed
Commercial A+/Stable
Borrowings
(Outlook revised from 'Positive' and rating reaffirmed)
Deccan Fine Chemicals India Pvt Ltd Foreign Currency CRISIL 5510 Reaffirmed
Term Loan A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Deccan Fine Chemicals India Pvt Ltd Proposed LT Bk CRISIL 3281 Reaffirmed
Loan Fac A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Deccan Fine Chemicals India Pvt Ltd WC Fac CRISIL 500 Assigned
A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Deco Gold Glazed Tiles Ltd CC CRISIL 50 Reaffirmed
B-/Stable
Deco Gold Glazed Tiles Ltd Proposed LT Bk CRISIL 60 Reaffirmed
Loan Fac B-/Stable
Dinshaw S Dairy Foods Pvt Ltd CC CRISIL 100 Reaffirmed
A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Dinshaw S Dairy Foods Pvt Ltd CC & WC demand loan CRISIL 300 Reaffirmed
A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Dinshaw S Dairy Foods Pvt Ltd Proposed LT Bk CRISIL 6.5 Reaffirmed
Loan Fac A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Dinshaw S Dairy Foods Pvt Ltd Rupee TL CRISIL 958.5 Reaffirmed
A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
DSR Sons India Engineers Pvt Ltd CC CRISIL 50 Reaffirmed
BB-/Stable
DSR Sons India Engineers Pvt Ltd LT Loan CRISIL 30 Reaffirmed
BB-/Stable
Kej Minerals Pvt Ltd CC CRISIL 100 Reaffirmed
BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Kej Minerals Pvt Ltd Proposed WC Fac CRISIL 78.5 Reaffirmed
BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Maharaj Soaps Industry Pvt Ltd CC CRISIL 190 -
BB/Stable
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING')
Maharaj Soaps Industry Pvt Ltd TL CRISIL 40 -
BB/Stable
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING')
Mahavir Eco Projects Pvt Ltd Drop Line CRISIL 75.5 Reaffirmed
Overdraft Fac BB-/Stable
Mahavir Eco Projects Pvt Ltd Proposed LT Bk CRISIL 72 Reaffirmed
Loan Fac 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 Assigned
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 34575 Reaffirmed
AA/Stable
Mint Environ Pvt Ltd Overdraft CRISIL 29 Reaffirmed
BB-/Stable
Mint Environ Pvt Ltd Proposed LT Bk CRISIL 12 Reaffirmed
Loan Fac BB-/Stable
Nath Bio-Genes India Ltd CC CRISIL 740 Reaffirmed
BBB/Stable
Nath Bio-Genes India Ltd Proposed CC Limit CRISIL 10 Reaffirmed
BBB/Stable
Nimma Narayan Engineers And Contractors CC CRISIL 15 Reaffirmed
BB/Stable
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING')
Shri Rathi Steel (Dakshin) Ltd CC CRISIL 220 -
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Shri Rathi Steel (Dakshin) Ltd TL CRISIL 20 -
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Shri Rathi Steel Ltd CC CRISIL 320 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Shri Rathi Steel Ltd LT Loan CRISIL 57 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Shri Rathi Steel Ltd Proposed CC Limit CRISIL 33 Reaffirmed
BBB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
UltraTech Cement Ltd External CRISIL 9714.2 Reaffirmed
Commercial AAA/Stable
Borrowings
UltraTech Cement Ltd Proposed LT Bk CRISIL 19895.8 Reaffirmed
Loan Fac AAA/Stable
UltraTech Cement Ltd Rupee TL CRISIL 113072.6 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 2500 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 2500 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 2500 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 3600 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 2500 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 5000 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 6500 Reaffirmed
AAA/Stable
UltraTech Cement Ltd NCD CRISIL 3000 Reaffirmed
AAA/Stable
Universal Forces Industries CC CRISIL 19 Reaffirmed
BB/Stable
Vaibhav Gems TL CRISIL 12 Assigned
BBB/Stable
Varad Agri Tech Ltd CC CRISIL 170 Reaffirmed
BB/Stable
Varad Agri Tech Ltd Proposed LT Bk CRISIL 10 Reaffirmed
Loan Fac BB/Stable
Varad Agri Tech Ltd LT Rating CRISIL - Reaffirmed
BB/Stable
V-Trans India Ltd CC CRISIL 325 Reaffirmed
A-/Stable
V-Trans India Ltd Proposed FB Bk CRISIL 95 Reaffirmed
Limits A-/Stable
V-Trans India Ltd TL CRISIL 30 Reaffirmed
A-/Stable
Yashraj Biotechnology Ltd LT Loan CRISIL 220 Reaffirmed
BBB/Stable
Yashraj Biotechnology Ltd Packing Credit CRISIL 140 Assigned
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 rru.data@refinitiv.com)