Short-term debt programs of Indian firms rated by CRISIL:Part II

Trimex Industries Ltd Foreign Bills Discounted
P3+ 120 Assigned Trimex Sands Pvt Ltd

Bank Guarantee P3+ 270 Assigned
Tube Investments of India Ltd Letter of Credit Limit
P1+ 1100 Assigned Tube Investments of India Ltd

STD P1+ 1000 Reaffirmed
Tube Products Incorporate Bank Guarantee
P2 150 Assigned Tube Products Incorporate

Bills Purchase P2 50 Assigned
Tube Products Incorporate Letter of Credit
P2 350 Assigned TV Today Network Ltd

CP P1+ 150 Reaffirmed
UBL Trust - Series 60 Series A PTCs
P1+(so) 4297.4 Assigned UBL Trust - Series 60

Series B PTCs P1+(so) 4457.5 Assigned UBL
Trust - Series 61 Series A PTCs
P1+(so) 2685.9 Assigned UBL Trust - Series 61

Series B1 PTCs P1+(so) 1114.4 Assigned UBL
Trust - Series 61 Series B2 PTCs
P1+(so) 1671.5 Assigned UBL Trust - Series 62

Series A PTCs P1+(so) 6446.1 Assigned UBL
Trust - Series 62 Series B PTCs
P1+(so) 6686.2 Assigned UBL Trust - Series 63

Series A PTCs P1+(so) 2685.9 Assigned UBL
Trust - Series 63 Series B PTCs
P1+(so) 2785.9 Assigned UCO Bank's

CD P1+ 70000 Reaffirmed
Udupi Power Corporation Bank Guarantee
P3 7500 Assigned UltraTech Cement Ltd

Other Non Fund P1+ Assigned

-Based Limits Ultratech
Cement Ltd STD P1+
1000 Reaffirmed Ultratech Cement Ltd LOC

P1+ 6000 Reaffirmed Ultratech
Cement Ltd Bank Guarantee P1+
1500 Reaffirmed Unity Infraprojects Ltd STD

P2+ 500 Downgraded Union Bank
of India CD P1+
1000000 Assigned USV Ltd Letter
of Credit P1+ 75 Assigned USV Ltd

Bank Guarantee P1+ 20

Assigned USV Ltd CP

P1+ 400 Reaffirmed UTI Bank

CD P1+ 60000
Assigned Vandana Global Bank Guarantee

P3 100 Assigned Vandana Global

Letter of Credit P3 280
Assigned Vardhman Acrylics Ltd Letter of Credit

P1+ 250 Assigned Vardhman Acrylics Ltd

Bank Guarantee P1+ 50
Assigned Vardhman Acrylics Ltd Letter of Credit

P1+ 250 Assigned Vardhman Acrylics Ltd

Bank Guarantee P1+ 50
Assigned Vardhman Textiles Ltd Packing Credit

P1+ 1367 Assigned Vardhman Textiles Ltd

Foreign Bill Purchase P1+ 773
Assigned Vardhman Textiles Ltd Letters of Credit

P1+ 600 Assigned Vardhman Textiles Ltd

Bank Guarantee P1+ 255
Assigned Vardhman Textiles Ltd STD

P1+ 800 Reaffirmed Vardhman Yarn and
Threads Ltd. LOC P1+ 90
Assigned Veena Polysters Letter of
Credit P3+ 755 Assigned Veena Polysters

Bank Guarentee P3+ 40
Assigned Videsh Sanchar Nigam Ltd STD

P1+ 2500 Enhanced Vijai Electricals Ltd

Letter of Credit P1 4099
Assigned Vijai Electricals Ltd Bank Guarantee

P1 8599 Assigned Vijaya Bank

CD P1+ 10000
Assigned Vijayeswari Textiles Ltd Packing Credit &
Bills

Discounting facility
P3 802.5 Assigned Vijayeswari Textiles Ltd

LOC facility P3 120 Assigned
Vinar Systems Pvt Ltd BG
P2+ 300 Assigned Vinar Systems Pvt Ltd

LOC P2+ 50 Assigned
Vinyl Chemicals CP
P1+# 80 Vimal Oil and Foods Ltd. Letter of
Credit Limits P4 500 Assigned Vimta Labs

Bank Guarantee P1 10
Assigned Viraj Impex Private Ltd Letter of
Credit P2 880 Assigned Viva Highways
Private Ltd BG P1
12 Assigned VMT Spinning Co. Ltd Packing
Credit P1+ 60 Assigned VMT Spinning
Co. Ltd Foreign Bill Negotiation P1+
40 Assigned VMT Spinning Co. Ltd Letter of
Credit P1+ 25 Assigned VMT Spinning Co.
Ltd Bank Guarantee P1+ 25

Assigned Walchandnagar Industries LoC & Bank
Guarantee P1+ 5850 Assigned Wellknown
Polyester Ltd LOC P2
85.5 Assigned Wellknown Polyester Ltd Bank
Guarantee P2 70 Assigned Western
India Forgings Bank Guarantee P2+

45 Assigned Western India Forgings
Letter Of Credit P2+ 17.5 Assigned Western
India Forgings Buyer Credit P2+

50 Assigned Whirlpool of India Ltd
Short-Term Debt P1+ 1900 Assigned Witmans
Industries LOC P4

60 Assigned Witmans Industries BG

P4 1 Assigned Witmans
Industries Line of Credit P4

9 Assigned Wockhardt Ltd CP

P1+ 750 Reaffirmed Wockhardt
Ltd PTC P1(SO)
51.2 Downgraded Wockhardt Ltd PTC

P1(SO) 500.2 Downgraded Yes Bank
Ltd. PTC P1+(SO)

502.83 Assigned Zuari Industries Ltd ST
Loan P1 3000 Assigned Zuari
Industries Ltd LOC P1

3500 Assigned
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-----------------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended NCD-Non-convertible Debentures; CP-Commercial
Paper; CD-Certificate of Deposit; CCPS-Cumulative Convertible
Preference Shares; CLO-Collateralized Loan Obligation; DDB-Deep
Discount Bond; OFCD-Optionally Fully Convertible Debenture;
PCPS- Partly Convertible Preference Share; PTC-Pass Through
Certificates;PSPC-Post Shipment & Packing Credit; SO-Structured
Obligation; STB-Short Term Bond; STD-Short Term Debentures;
BG-Bank Guarantee; PSPC-Post Shipment & Packing Credit LOC:
Letter of Credit. P1: very strong; P2: strong; P3: adequate.
CRISIL may apply + sign for rating from P1 to P3 to reflect a
comparative higher standing within the category.
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