May 5 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of May 2, 2014. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Aquatech Systems (Asia) Pvt Ltd BG# CRISIL A3+ 1350 Reaffirmed # includes sublimit of letter of credit of upto Rs 120 million Aquatech Systems (Asia) Pvt Ltd BG$ CRISIL A3+ 660 Reaffirmed $ Includes sublimit of letter of credit of upto Rs 250 million Aquatech Systems (Asia) Pvt Ltd Letter of Comfort CRISIL A3+ 85 Reaffirmed Bhorosha Rice Mill Pvt Ltd BG CRISIL A4 1.6 Reaffirmed HMA Food Export Pvt Ltd BG CRISIL A4+ 5 Upgraded from CRISIL A4 Isagro (Asia) Agrochemicals Pvt Ltd LOC CRISIL A1 200 Reaffirmed Kamad Giri Steel Pvt. Ltd LOC CRISIL A4 20 Assigned KBR Infratech Ltd BG CRISIL A4+ 740 Reaffirmed KBR Infratech Ltd Foreign LOC CRISIL A4+ 8.8 Reaffirmed Khatuco Export India Pvt. Ltd. Standby LOC CRISIL A4 7.5 Assigned Khatuco Export India Pvt. Ltd. Foreign Bill CRISIL A4 60 Assigned Discounting Kothari Agritech Pvt Ltd LOC CRISIL A4+ 420 Reaffirmed Maharani Innovative Paints Pvt. Ltd. LOC CRISIL A3+ 90 Assigned Mandakini Coal Co. Ltd BG CRISIL A2 630 Watch Negative MTAB Engineers Pvt Ltd BG CRISIL A4 10 Reaffirmed MTAB Engineers Pvt Ltd LOC CRISIL A4 20 Reaffirmed Power Finance Corporation Ltd ST Borrowing CRISIL A1+ 50000 Assigned programme* *Borrowing programme for 2014-15 (refers to financial year, April 1 to March 31); the long term borrowing programme and short term borrowing programme are interchangeable. The long term borrowing programme includes Tax Free Bonds under Section 10 of the Income Tax Act 1961. Power Finance Corporation Ltd ST Borrowing CRISIL A1+ 34350 Reaffirmed Programme Rabi Engineering Works Pvt Ltd BG CRISIL A4 50 Reaffirmed Rajindra Prasad Parmod Kumar Jain LOC CRISIL A4 70 Reaffirmed Sarathy Coffee Curing Works Export Packing CRISIL A4 17 Reaffirmed Credit Sarathy Coffee Curing Works Foreign Bill CRISIL A4 10 Reaffirmed Discounting SKM Steels Ltd Channel Financing CRISIL A3 1400 Reaffirmed Sreedevi Infraconstructions Pvt Ltd BG CRISIL A4+ 130 Reaffirmed Surface Graphics Pvt Ltd BG CRISIL A4+ 2 Reaffirmed Transitions LOC CRISIL A4 125 Reaffirmed Unique Plywoods Pvt. Ltd. Inland/Import LOC CRISIL A4+ 80 Assigned Vishal Paper Industries Pvt Ltd LOC CRISIL A4 20 Reaffirmed LONG TERM RATINGS: ------------------- Accurate Education & Research Society CC CRISIL BB+ 360 Downgraded from CRISIL BBB- Accurate Education & Research Society TL CRISIL BB+ 221 Downgraded from CRISIL BBB- Aquatech Systems (Asia) Pvt Ltd CC* CRISIL BBB 340 Reaffirmed *Fully interchangeable with foreign bill purchase/foreign bill discounting and export packing credit Aquatech Systems (Asia) Pvt Ltd Proposed LT Bk CRISIL BBB 338 Reaffirmed Loan Fac Aquatech Systems (Asia) Pvt Ltd TL CRISIL BBB 17 Reaffirmed Aquatech Systems (Asia) Pvt Ltd WC TL CRISIL BBB 150 Assigned Bhorosha Rice Mill Pvt Ltd CC CRISIL B- 70 Reaffirmed Bhorosha Rice Mill Pvt Ltd Proposed TL CRISIL B- 0.4 Reaffirmed BRD Securities Ltd Overdraft Fac CRISIL BB 200 Assigned CMJ Breweries Pvt Ltd CC CRISIL B- 500 Reaffirmed CMJ Breweries Pvt Ltd Proposed LT Bk CRISIL B- 284.7 Reaffirmed Loan Fac CMJ Breweries Pvt Ltd TL CRISIL B- 1236.3 Assigned DWS Money Plus Fund DWS Money Plus FundCRISIL AAAmfs Notice of Withdrawal G. A. Industries CC CRISIL B- 70 Assigned Good Luck Publishers Ltd CC CRISIL B+ 100 Reaffirmed Good Luck Publishers Ltd TL CRISIL B+ 8.7 Reaffirmed HMA Food Export Pvt Ltd Packing Credit* CRISIL BB- 100 Upgraded from CRISIL B *Sublimit of FLC of Rs.37.2 Millio HMA Food Export Pvt Ltd Proposed LT Bk CRISIL BB- 42.5 Upgraded from Loan Fac CRISIL B HMA Food Export Pvt Ltd TL CRISIL BB- 39.2 Upgraded from CRISIL B Isagro (Asia) Agrochemicals Pvt Ltd CC CRISIL A 335 Reaffirmed Isagro (Asia) Agrochemicals Pvt Ltd Proposed LT Bk CRISIL A 15 Reaffirmed Loan Fac Jiwan Textile TL CRISIL B 5 Assigned Jiwan Textile CC CRISIL B 47.5 Assigned Jiwan Textile Proposed LT Bk CRISIL B 27.5 Assigned Loan Fac Kamad Giri Steel Pvt. Ltd Proposed LT Bk CRISIL B 50 Assigned Loan Fac Kamad Giri Steel Pvt. Ltd CC CRISIL B 50 Assigned KBR Infratech Ltd CC CRISIL BB+ 70 Reaffirmed KBR Infratech Ltd Proposed LT Bk CRISIL BB+ 21.2 Reaffirmed Loan Fac KBR Infratech Ltd TL CRISIL BB+ 30 Reaffirmed Khatuco Export India Pvt. Ltd. Export Packing CRISIL B+ 11 Assigned Credit Kothari Agritech Pvt Ltd CC CRISIL BB- 300 Reaffirmed Kothari Agritech Pvt Ltd TL CRISIL BB- 110 Reaffirmed Lily Realty Pvt Ltd NCD CRISIL BB 18500
Downgraded from CRISIL BB+ Maharani Innovative Paints Pvt. Ltd. CC CRISIL BBB 265 Assigned MTAB Engineers Pvt Ltd CC CRISIL B+ 65 Reaffirmed MTAB Engineers Pvt Ltd Proposed LT Bk CRISIL B+ 71.2 Reaffirmed Loan Fac MTAB Engineers Pvt Ltd TL CRISIL B+ 3.8 Reaffirmed Olympus Motors Pvt Ltd CC CRISIL BBB- 390 Upgraded from CRISIL BB+ Power Finance Corporation Ltd CC^ CRISIL AAA 75000 Reaffirmed ^Limit for working capital'Working capital demand loan/Overdraft facility/Cash Credit/Line of credit/Bank guarantee. Limit includes long-term and short-term facilities. Total working capital borrowings not to exceed board-approved limit of Rs.75.0 billion Power Finance Corporation Ltd TL CRISIL AAA 170050 Reaffirmed Power Finance Corporation Ltd LT Borrowing CRISIL AAA 390000 Assigned Programme* *Borrowing programme for 2014-15 (refers to financial year, April 1 to March 31); the long term borrowing programme and short term borrowing programme are interchangeable. The long term borrowing programme includes Tax Free Bonds under Section 10 of the Income Tax Act 1961. Power Finance Corporation Ltd Subordinated NCD CRISIL AAA 100000 Reaffirmed Power Finance Corporation Ltd LT Borrowing CRISIL AAA 530000 Reaffirmed Programme Power Finance Corporation Ltd Bonds CRISIL AAA 1053** Reaffirmed Rabi Engineering Works Pvt Ltd CC CRISIL B+ 10 Reaffirmed Rajindra Prasad Parmod Kumar Jain Overdraft Fac CRISIL B- 7.5 Assigned Ramji Acro Ltd CC CRISIL BB- 100 Upgraded from CRISIL B+ Ramji Acro Ltd Proposed LT Bk CRISIL BB- 9 Upgraded from Loan Fac CRISIL B+ Ramji Acro Ltd TL CRISIL BB- 91 Assigned Sarathy Coffee Curing Works CC CRISIL B 20 Reaffirmed Sarathy Coffee Curing Works Proposed LT Bk CRISIL B 23.3 Reaffirmed Loan Fac Shambhavi Realty Pvt Ltd NCD CRISIL BB- 1850 Outlook Revised from Stable Shree Padmavati Rice Pulse and Oil CC CRISIL BB- 85.8 Reaffirmed Mills Shree Padmavati Rice Pulse and Oil TL CRISIL BB- 16.2 Reaffirmed Mills SKM Steels Ltd TL CRISIL BBB- 100 Reaffirmed SKM Steels Ltd WC Fac CRISIL BBB- 2750 Reaffirmed Sreedevi Infraconstructions Pvt Ltd CC CRISIL BB- 100 Downgraded from CRISIL BB Surface Graphics Pvt Ltd CC CRISIL BB 35 Upgraded from CRISIL BB- Surface Graphics Pvt Ltd Proposed LT Bk CRISIL BB 7 Upgraded from Loan Fac CRISIL BB- Surface Graphics Pvt Ltd TL CRISIL BB 77.1 Upgraded from CRISIL BB- Surface Graphics Pvt Ltd WC TL CRISIL BB 38.9 Upgraded from CRISIL BB- Tajshree Motors Pvt Ltd CC CRISIL B+ 50 Reaffirmed Tajshree Motors Pvt Ltd TL CRISIL B+ 15 Reaffirmed Unique Plywoods Pvt. Ltd. Proposed LT Bk CRISIL BB- 75 Assigned Loan Fac Unique Plywoods Pvt. Ltd. CC CRISIL BB- 45 Assigned Vishal Paper Industries Pvt Ltd CC CRISIL B+ 90 Reaffirmed Vishal Paper Industries Pvt Ltd Proposed LT Bk CRISIL B+ 53 Reaffirmed Loan Fac Vishal Paper Industries Pvt Ltd TL CRISIL B+ 27 Reaffirmed -------------------------------------------------------------------------------------------- $: 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@thomsonreuters.com) Keywords: CRISIL RATINGS/
