CRISIL ratings for Indian debt instruments-Jan 10

Thu Jan 10, 2013 11:57am IST

Jan 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 9, 2013.

COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------       -----   ---------
SHORT TERM RATINGS:
-------------------
Ambika Cotton Mills Ltd                 LOC                   CRISIL A2    400     Assigned
Ambika Cotton Mills Ltd                 Export Packing        CRISIL A2    750     Assigned
                                        Credit
BDG Metal & Power Ltd                   LOC                   CRISIL A3    700     Reaffirmed
Bhavya Cements Ltd                      BG                    CRISIL A3    20      Reaffirmed
Bhavya Cements Ltd                      LOC*                  CRISIL A3    120     Reaffirmed
*One-way interchangeability from CC to LC to the Extent of Rs. 40.00 Million
Bhavya Cements Ltd                      BG                    CRISIL A3    20      Reaffirmed
Bhavya Cements Ltd                      LOC*                  CRISIL A3    120     Reaffirmed
*One-way interchangeability from CC to LC to the Extent of Rs. 40.00 Million
BMA Stainless Ltd                       BG                    CRISIL A4+   30      Reaffirmed
BMA Stainless Ltd                       LOC                   CRISIL A4+   240     Reaffirmed
Cadila Healthcare Ltd                   ST Debt Programme     CRISIL A1+   1250    Reaffirmed
Cadila Healthcare Ltd                   LOC                   CRISIL A1+   1000    Reaffirmed
Cadila Healthcare Ltd                   BG                    CRISIL A1+   500     Reaffirmed
Consolidated Coin Company Pvt Ltd       Packing Credit        CRISIL A4+   100     Assigned
Consolidated Coin Company Pvt Ltd       BG                    CRISIL A4+   500     Assigned
Deepak Timber Store                     Foreign LOC           CRISIL A4+   80      Reaffirmed
DMR Builders Pvt Ltd                    BG                    CRISIL A4+   80      Upgraded
                                                                                   from CRISIL
                                                                                   A4
Ginni Filaments Ltd                     BG                    CRISIL A4+   15      Reaffirmed
Ginni Filaments Ltd                     Bill Discounting      CRISIL A4+   210     Reaffirmed
Ginni Filaments Ltd                     LOC%$                 CRISIL A4+   385     Reaffirmed
% includes sub limit of Rs. 1.8 millions for bank guarantee; $Includes a sublimit of 
Rs. 5.0 millions for bank guarantee
Global Health Care Products             LOC                   CRISIL A4    10      Assigned
Global Health Care Products             BG                    CRISIL A4    2.5     Assigned
GRP Ltd                                 LOC                   CRISIL A1    20      Upgraded
                                                                                   from CRISIL
                                                                                   A2+
Hastalloy India Ltd                     BG                    CRISIL A4    45      Reaffirmed
Ibex Engineering Pvt Ltd                Export Packing        CRISIL A4+   22.5    Assigned
                                        Credit
IKM Investors Pvt Ltd                   ST Loan               CRISIL A2    375     Reaffirmed
IKM Investors Pvt Ltd                   BG                    CRISIL A2    325     Reaffirmed
Indian Immunologicals Ltd               LOC & BG              CRISIL A1+   200     Reaffirmed
Jai Durga Iron Pvt Ltd                  BG                    CRISIL A4+   22.5    Reaffirmed
Jaypee Alloy & Castings Pvt Ltd         BG                    CRISIL A4+   25      Reaffirmed
Jaypee Alloy & Castings Pvt Ltd         LOC                   CRISIL A4+   9.5     Reaffirmed
Jetair Pvt Ltd                          BG                    CRISIL A4+   231     Upgraded
                                                                                   from CRISIL
                                                                                   A4
JSM Proteins Pvt Ltd                    BG                    CRISIL A4    5       Reaffirmed
JSM Proteins Pvt Ltd                    LOC                   CRISIL A4    50      Reaffirmed
JSM Vegoils Pvt Ltd                     BG                    CRISIL A4+   7.5     Reaffirmed
JSM Vegoils Pvt Ltd                     LOC                   CRISIL A4+   45      Reaffirmed
Khatema Fibres Ltd                      LOC                   CRISIL A4    39      Suspended
Kriticons Ltd                           BG                    CRISIL A3+   90      Reaffirmed
Kriticons Ltd                           LOC                   CRISIL A3+   50      Reaffirmed
Lotus Wireless Technologies India       BG                    CRISIL A3    100     Reaffirmed
Pvt Ltd
Lotus Wireless Technologies India       LOC                   CRISIL A3    50      Reaffirmed
Pvt Ltd
N. N. Ispat Pvt Ltd                     LOC                   CRISIL A4+   30      Assigned
Nagarsheth Shipbreakers                 LOC                   CRISIL A4    387.5   Reaffirmed
National Fertilizers Ltd                LOC & BG              CRISIL A1+   3000    Reaffirmed
National Fertilizers Ltd                STD                   CRISIL A1+   8000    Reaffirmed
Enhanced from Rs.2.00 Billion
Nina Concrete Systems Pvt Ltd           BG                    CRISIL A4+   150     Reaffirmed
Nina Concrete Systems Pvt Ltd           LOC                   CRISIL A4+   80      Reaffirmed
Orbit Products Pvt Ltd                  Bill Discounting      CRISIL A4    30      Assigned
Orbit Products Pvt Ltd                  LOC                   CRISIL A4    25      Assigned
Reitzel India Pvt Ltd                   BG                    CRISIL A3    2.5     Reaffirmed
Reitzel India Pvt Ltd                   Export Packing        CRISIL A3    120     Reaffirmed
                                        Credit
Reitzel India Pvt Ltd                   Foreign Bill          CRISIL A3    50      Reaffirmed
                                        Discounting
Reitzel India Pvt Ltd                   LOC                   CRISIL A3    67.5    Reaffirmed
Renuka Oil Industries                   BG                    CRISIL D     2.5     Downgraded
                                                                                   from CRISIL
                                                                                   A4
RMG Polyvinyl India Ltd                 LOC                   CRISIL A3+   100     Reaffirmed
Romil Impex Pvt Ltd                     Proposed ST Bk Loan   CRISIL A4    50      Assigned
                                        Fac
Romil Impex Pvt Ltd                     Packing Credit        CRISIL A4    45      Assigned
Romil Impex Pvt Ltd                     Post Shipment Credit  CRISIL A4    145     Assigned
Sasken Communication Technologies       LOC & BG              CRISIL A1+   120     Reaffirmed
Ltd
Sasken Communication Technologies       Packing Credit        CRISIL A1+   500     Reaffirmed
Ltd
Shakti Apifoods Pvt Ltd                 Bill Discounting*     CRISIL A4+   500     Reaffirmed
*Includes a sublimit of Export packing credit of Rs.330 Million.
Shakti Bhog Foods Ltd                   BG                    CRISIL A2+   750     Reaffirmed
Shakti Bhog Foods Ltd                   LOC                   CRISIL A2+   4000    Reaffirmed
Shree Malani Foams Pvt Ltd              LOC                   CRISIL A4+   47.5    Reaffirmed
Shri Karvir Nivasini Mahalaxmi Ispat    LOC                   CRISIL A4+   30      Assigned
Pvt Ltd
Silver Proteins Pvt Ltd                 Packing Credit        CRISIL A4    60      Reaffirmed
Tirupati Medicare Ltd                   Standby LOC**         CRISIL A4+   2.5     Assigned
**Interchangeable with Foreign letter of credit
Trans Tech Turnkey Pvt Ltd              LOC & BG              CRISIL A3+   1850    Reaffirmed
Trans Tech Turnkey Pvt Ltd              Proposed ST Bk Loan   CRISIL A3+   200     Reaffirmed
                                        Fac
Transitions                             Proposed NFBL         CRISIL A4    125     Upgraded
                                                                                   from CRISIL
                                                                                   D
Transpole Logistics Pvt Ltd             BG                    CRISIL A3+   100     Assigned
Transpole Logistics Pvt Ltd             Standby LOC           CRISIL A3+   600     Assigned
TVS Credit Services Ltd                 ST Debt Programme*    CRISIL A1    1000    Assigned
*including commercial paper
Universal Power Transformer Pvt Ltd     BG%                   CRISIL A4    120     Upgraded
                                                                                   from CRISIL
                                                                                   D
% Interchangeable with Letter of Credit upto Rs.60.00 Million
Universal Power Transformer Pvt Ltd     Foreign Bill          CRISIL A4    30      Upgraded
                                        Discounting#                               from CRISIL
                                                                                   D
# Fully interchangeable with Inland Bill Discounting
Universal Power Transformer Pvt Ltd     LOC                   CRISIL A4    20      Upgraded
                                                                                   from CRISIL
                                                                                   D
Vijai Electricals Ltd                   LOC                   CRISIL A4    4430.1  Reaffirmed
Vijai Electricals Ltd                   BG                    CRISIL A4    14272.5 Reaffirmed
Virendra & Co.                          LOC                   CRISIL A4+   430     Assigned

LONG TERM RATINGS:
-------------------
A.R. Castings Pvt Ltd                   CC                    CRISIL B+    75      Reaffirmed
A.R. Castings Pvt Ltd                   Proposed LT Bk Loan   CRISIL B+    45      Reaffirmed
                                        Fac
Ambika Cotton Mills Ltd                 LT Loan               CRISIL BBB+  1060    Assigned
Ambika Cotton Mills Ltd                 CC                    CRISIL BBB+  1100    Assigned
Anand Education Society                 TL                    CRISIL D     38.5    Reaffirmed
Anand Education Society                 Overdraft Fac         CRISIL D     30      Reaffirmed
ANC Enterprises                         CC                    CRISIL B     51.4    Reaffirmed
ANC Enterprises                         TL                    CRISIL B     9.8     Reaffirmed
Arora Rice Mills                        CC                    CRISIL B-    120     Reaffirmed
Arora Rice Mills                        TL                    CRISIL B-    7       Reaffirmed
Arora Rice Mills                        Proposed LT Bk Loan   CRISIL B-    48      Reaffirmed
                                        Fac
Balaji Wires Pvt Ltd                    CC                    CRISIL BBB   350     Reaffirmed
Balaji Wires Pvt Ltd                    Rupee TL              CRISIL BBB   50      Reaffirmed
Bansal High Carbons Pvt Ltd             CC                    CRISIL BBB   280     Reaffirmed
Bansal High Carbons Pvt Ltd             Rupee TL              CRISIL BBB   45      Reaffirmed
Bansal Wire Industries Ltd              CC                    CRISIL BBB   400     Reaffirmed
Bansal Wire Industries Ltd              Rupee TL              CRISIL BBB   50      Reaffirmed
BDG Metal & Power Ltd                   CC                    CRISIL BBB-  608.2   Reaffirmed
BDG Metal & Power Ltd                   Proposed LT Bk Loan   CRISIL BBB-  72.6    Reaffirmed
                                        Fac
BDG Metal & Power Ltd                   TL                    CRISIL BBB-  555.7   Reaffirmed
Bhavya Cements Ltd                      CC*                   CRISIL BBB-  600     Reaffirmed
*One-way interchangeability from CC to LC to the Extent of Rs. 40.00 Million
Bhavya Cements Ltd                      TL                    CRISIL BBB-  2060    Reaffirmed
Bhavya Cements Ltd                      CC*                   CRISIL BBB-  600     Reaffirmed
*One-way interchangeability from CC to LC to the Extent of Rs. 40.00 Million
Bhavya Cements Ltd                      TL                    CRISIL BBB-  2060    Reaffirmed
BMA Stainless Ltd                       CC                    CRISIL BB-   290     Reaffirmed
BMA Stainless Ltd                       Proposed LT Bk Loan   CRISIL BB-   8.8     Reaffirmed
                                        Fac
BMA Stainless Ltd                       TL                    CRISIL BB-   1.2     Reaffirmed
Cadila Healthcare Ltd                   NCDs                  CRISIL AA+   1000    Reaffirmed
Cadila Healthcare Ltd                   NCDs                  CRISIL AA+   2500    Reaffirmed
Cadila Healthcare Ltd                   CC*                   CRISIL AA+   6000    Reaffirmed
*Interchangeable with working capital demand loan and packing credit in foreign currency
Cadila Healthcare Ltd                   LT Loan               CRISIL AA+   4918.4  Reaffirmed
Cadila Healthcare Ltd                   Proposed LT Bk loan   CRISIL AA+   111.6   Reaffirmed
                                        Fac
Consolidated Coin Company Pvt Ltd       TL                    CRISIL BB    65      Assigned
Consolidated Coin Company Pvt Ltd       CC                    CRISIL BB    20      Assigned
Dash Exports Pvt Ltd                    CC                    CRISIL A-    30      Reaffirmed
Dash Exports Pvt Ltd                    Proposed LT Bk Loan   CRISIL A-    90      Reaffirmed
                                        Fac
Deepak Timber Store                     CC                    CRISIL BB-   20      Reaffirmed
Dinesh Das and Sons Mines and Steels    CC                    CRISIL B-    25      Upgraded
Pvt Ltd                                                                            from CRISIL
                                                                                   D
Dinesh Das and Sons Mines and Steels    TL                    CRISIL B-    35      Upgraded
Pvt Ltd                                                                            from CRISIL
                                                                                   D
DMR Builders Pvt Ltd                    CC                    CRISIL BB-   100     Upgraded
                                                                                   from CRISIL
                                                                                   B+
Emmanuval Silks                         CC                    CRISIL D     107.9   Downgraded
                                                                                   from CRISIL
                                                                                   BB
Emmanuval Silks                         LT Loan               CRISIL D     27.1    Downgraded
                                                                                   from CRISIL
                                                                                   BB
Gajraj Automobiles Pvt Ltd              CC                    CRISIL BB-   100     Reaffirmed
Gajraj Automobiles Pvt Ltd              Channel Financing     CRISIL BB-   80      Reaffirmed
Ginni Filaments Ltd                     CC#+                  CRISIL BB-   1055    Reaffirmed
#includes sub limit of Rs. 68 million for Export Packing Credit and Rs. 40 million for Foreign
Bill Purchases; +Includes sub limit of EPC of Rs. 360Million an
Ginni Filaments Ltd                     Export Packing        CRISIL BB-   535     Reaffirmed
                                        Credit
Global Health Care Products             Proposed LT Bk Loan   CRISIL B+    52.5    Assigned
                                        Fac
Global Health Care Products             CC                    CRISIL B+    85      Assigned
Gopalan Enterprises                     Proposed LT Bk Loan   CRISIL BBB+  1301.6  Reaffirmed
                                        Fac
Gopalan Enterprises                     LT Loan               CRISIL BBB+  398.4   Reaffirmed
Gopalan Enterprises                     CC*                   CRISIL BBB+  1000    Reaffirmed
*Includes letter of credit of Rs.200 million and bank guarantee of Rs.100 million
Gopalan Enterprises (India) Pvt Ltd     LT Loan               CRISIL BBB+  1873.8  Reaffirmed
Gopalan Enterprises (India) Pvt Ltd     Proposed Long- Term   CRISIL BBB+  826.2   Reaffirmed
                                        Bk Loan Fac
GRP Ltd                                 CC*                   CRISIL A-    200     Reaffirmed
*includes sublimit of WCDL of Rs.160.00 Million and Bank Guarantee of Rs.27.5 Million
GRP Ltd                                 Packing Credit**      CRISIL A-    100     Reaffirmed
**includes sublimit of cash credit of Rs.80.00 Million and performance guarantee of Rs.20.00
Million
GRP Ltd                                 TL                    CRISIL A-    580     Reaffirmed
Hastalloy India Ltd                     CC                    CRISIL B+    55      Reaffirmed
Hastalloy India Ltd                     Proposed LT Bk Loan   CRISIL B+    1.5     Reaffirmed
                                        Fac
Hastalloy India Ltd                     TL                    CRISIL B+    1       Reaffirmed
Ibex Engineering Pvt Ltd                TL                    CRISIL BB-   10.5    Assigned
Ibex Engineering Pvt Ltd                Proposed CC Limit     CRISIL BB-   15      Assigned
Ibex Engineering Pvt Ltd                CC                    CRISIL BB-   20      Assigned
Indian Immunologicals Ltd               CC#                   CRISIL AA-   450     Reaffirmed
# Interchangeable with Export Packing Credit and working capital demand loan
Indian Immunologicals Ltd               CC                    CRISIL AA-   600     Reaffirmed
Indian Immunologicals Ltd               TL                    CRISIL AA-   1000    Reaffirmed
Jagdish Jewellers Pvt Ltd               CC                    CRISIL BB+   100     Reaffirmed
Jai Durga Iron Pvt Ltd                  CC                    CRISIL BB    120     Reaffirmed
Jai Durga Iron Pvt Ltd                  Proposed TL           CRISIL BB    45.5    Reaffirmed
Jai Durga Iron Pvt Ltd                  TL                    CRISIL BB    12      Reaffirmed
Jaypee Alloy & Castings Pvt Ltd         CC                    CRISIL BB    40      Reaffirmed
Jaypee Alloy & Castings Pvt Ltd         Proposed LT Bk Loan   CRISIL BB    20      Reaffirmed
                                        Fac
Jetair Pvt Ltd                          CC                    CRISIL BB-   110     Reaffirmed
Jetair Pvt Ltd                          Proposed LT Bk Loan   CRISIL BB-   459     Reaffirmed
                                        Fac
JSM Proteins Pvt Ltd                    CC                    CRISIL B+    75      Reaffirmed
JSM Vegoils Pvt Ltd                     CC                    CRISIL BB-   32.5    Reaffirmed
Jupiter Knitting Company                CC#                   CRISIL BB    400     Reaffirmed
#Interchangeable with Foreign Bill Negotiation and Export Packing Credit
Jupiter Knitting Company                Proposed CC Limit     CRISIL BB    80      Reaffirmed
Jupiter Knitting Company                TL                    CRISIL BB    140     Reaffirmed
Khatema Fibres Ltd                      CC*                   CRISIL C     423.8   Suspended
Khatema Fibres Ltd                      TL                    CRISIL D     358.5   Suspended
Kriticons Ltd                           CC                    CRISIL BBB-  50      Reaffirmed
Kriticons Ltd                           Proposed CC           CRISIL BBB-  20      Reaffirmed
Kumar Food Industries Ltd               CC                    CRISIL A-    100     Reaffirmed
Lahari Holiday Homes Ltd                CC                    CRISIL D     18.5    Reaffirmed
Lahari Holiday Homes Ltd                LT Loan               CRISIL D     78      Reaffirmed
Lahari Holiday Homes Ltd                Proposed LT Bk Loan   CRISIL D     15      Reaffirmed
                                        Fac
Laxmi Opticals                          CC                    CRISIL B+    160     Reaffirmed
Lotus Wireless Technologies India       CC                    CRISIL BBB-  40      Reaffirmed
Pvt Ltd
N. N. Ispat Pvt Ltd                     LT Loan               CRISIL BB-   65      Assigned
N. N. Ispat Pvt Ltd                     Overdraft Fac         CRISIL BB-   65      Assigned
N. N. Ispat Pvt Ltd                     Proposed LT Bk Loan   CRISIL BB-   12      Assigned
                                        Fac
Nagarsheth Shipbreakers                 CC                    CRISIL B     62.5    Reaffirmed
National Fertilizers Ltd                CC                    CRISIL AA-   10000   Reaffirmed
National Fertilizers Ltd                TL@                   CRISIL AA-   39000   Reaffirmed
@ Of which Rs.500 Million is interchangeable with letter of credit
National Fertilizers Ltd                Proposed TL           CRISIL AA-   3000    Reaffirmed
National Fertilizers Ltd                Bond Programme        CRISIL AA-   3000    Reaffirmed
National Fertilizers Ltd                Bond Programme        CRISIL AA-   1180    Reaffirmed
Neil Computech Pvt Ltd                  Proposed LT Bk Loan   CRISIL D     10      Downgraded
                                        Fac                                        from CRISIL
                                                                                   B+
Neil Computech Pvt Ltd                  TL                    CRISIL D     100     Downgraded
                                                                                   from CRISIL
                                                                                   B+
Nina Concrete Systems Pvt Ltd           CC*                   CRISIL BB+   120     Reaffirmed
* Includes working capital demand loan sub-limit of Rs.120.0 million.
Orbit Products Pvt Ltd                  CC                    CRISIL B+    40      Assigned
Orbit Products Pvt Ltd                  Proposed CC Limit     CRISIL B+    5       Assigned
Pal Prateek Motors Pvt Ltd              CC                    CRISIL BB-   60      Reaffirmed
Pal Prateek Motors Pvt Ltd              TL                    CRISIL BB-   8.4     Reaffirmed
Reitzel India Pvt Ltd                   LT Loan               CRISIL BBB-  11.5    Reaffirmed
Reitzel India Pvt Ltd                   Proposed LT Bk Loan   CRISIL BBB-  27.1    Reaffirmed
                                        Fac
Renuka Oil Industries                   CC                    CRISIL D     20      Downgraded
                                                                                   from CRISIL
                                                                                   B
Renuka Oil Industries                   TL                    CRISIL D     65      Downgraded
                                                                                   from CRISIL
                                                                                   B
RMG Polyvinyl India Ltd                 CC                    CRISIL BBB   80      Reaffirmed
RMG Polyvinyl India Ltd                 Proposed TL           CRISIL BBB   1       Reaffirmed
RMG Polyvinyl India Ltd                 TL                    CRISIL BBB   82.5    Reaffirmed
RMG Polyvinyl India Ltd                 Standby Line of       CRISIL BBB   10      Reaffirmed
                                        Credit
Sanjay Strips Pvt Ltd                   CC                    CRISIL B+    150     Reaffirmed
Shakti Apifoods Pvt Ltd                 TL                    CRISIL BB+   50.5    Reaffirmed
Shakti Bhog Foods Ltd                   CC                    CRISIL A-    16000   Reaffirmed
Shakti Bhog Foods Ltd                   External Commercial   CRISIL A-    940     Reaffirmed
                                        Borrowings
Shakti Bhog Foods Ltd                   Proposed LT Bk Loan   CRISIL A-    2696.3  Reaffirmed
                                        Fac
Shakti Bhog Foods Ltd                   TL                    CRISIL A-    543.7   Reaffirmed
Shakti Bhog Snacks Ltd                  CC                    CRISIL A-    50      Reaffirmed
Shree B.D. Ispat & Alloys Pvt Ltd       TL                    CRISIL D     117     Assigned
Shree B.D. Ispat & Alloys Pvt Ltd       CC                    CRISIL D     60      Assigned
Shree B.D. Ispat & Alloys Pvt Ltd       LOC*                  CRISIL D     17.5    Assigned
*Interchangeability between Letter of credit and Bank guarantee to the tune of Rs.12.5 Million
for electricity purpose
Shree Malani Foams Pvt Ltd              CC                    CRISIL BB+   50      Upgraded
                                                                                   from CRISIL
                                                                                   BB
Shree Malani Foams Pvt Ltd              TL                    CRISIL BB+   70      Upgraded
                                                                                   from CRISIL
                                                                                   BB
Shree Malani Foams Pvt Ltd              Proposed LT Bk Loan   CRISIL BB+   20.9    Upgraded
                                        Fac                                        from CRISIL
                                                                                   BB
Shri Karvir Nivasini Mahalaxmi Ispat    TL                    CRISIL BB-   2.3     Assigned
Pvt Ltd
Shri Karvir Nivasini Mahalaxmi Ispat    Proposed LT Bk Loan   CRISIL BB-   9.5     Assigned
Pvt Ltd                                 Fac
Shri Karvir Nivasini Mahalaxmi Ispat    CC                    CRISIL BB-   120     Assigned
Pvt Ltd
Shriram Warehousing Pvt Ltd             TL                    CRISIL B-    112.4   Assigned
Silver Proteins Pvt Ltd                 CC                    CRISIL B+    120     Reaffirmed
Tamil Nadu Electricity Board            8.45 per cent Bonds   CRISIL A-(SO)2000    Reaffirmed
Tamil Nadu Electricity Board            8.45 per cent         CRISIL A-(SO)8       Reaffirmed
                                        Bonds 
Tamil Nadu Electricity Board            8.75 per cent         CRISIL A-(SO)2000    Reaffirmed
                                        Bonds
Tamil Nadu Electricity Board            8.90 per cent Bonds   CRISIL A-(SO)630     Withdrawn
Tamil Nadu Electricity Board            8.00 per cent Bonds   CRISIL A-(SO)1210    Withdrawn
Tamil Nadu Electricity Board            Bond Programme        CRISIL A-(SO)14000   Reaffirmed
Tamil Nadu entities                     bond programmes       CRISIL A-(SO)-       Reaffirmed
Tirupati Medicare Ltd                   CC                    CRISIL BB-   202     Upgraded
                                                                                   from CRISIL
                                                                                   B+
Tirupati Medicare Ltd                   Proposed LT Bk Loan   CRISIL BB-   2       Upgraded
                                        Fac                                        from CRISIL
                                                                                   B+
Tirupati Medicare Ltd                   TL                    CRISIL BB-   102.4   Upgraded
                                                                                   from CRISIL
                                                                                   B+
Trans Tech Turnkey Pvt Ltd              CC                    CRISIL BBB   300     Reaffirmed
Trans Tech Turnkey Pvt Ltd              TL                    CRISIL BBB   50      Reaffirmed
Trans Tech Turnkey Pvt Ltd              Proposed LT Bk Loan   CRISIL BBB   100     Reaffirmed
                                        Fac
Transpole Logistics Pvt Ltd             CC                    CRISIL BBB   700     Assigned
Universal Power Transformer Pvt Ltd     CC*                   CRISIL B     120     Upgraded
                                                                                   from CRISIL
                                                                                   D
* Includes a sub-limit of Rs.30.00 Million for Export Packing Credit & Rs.30.00 Million for
Foreign Bill Discounting/ Inland Bill Discounting
Universal Power Transformer Pvt Ltd     LOC$                  CRISIL B     30      Upgraded
                                                                                   from CRISIL
                                                                                   D
$ Interchangeable with Cash Credit upto Rs.30.00 Million and interchangeable with Bank guarantee
for Rs.12.50 Million
Universal Power Transformer Pvt Ltd     Proposed LT Bk Loan   CRISIL B     615     Upgraded
                                        Fac                                        from CRISIL
                                                                                   D
Universal Power Transformer Pvt Ltd     TL                    CRISIL B     5       Upgraded
                                                                                   from CRISIL
                                                                                   D
Upper India Smelting & Refinery         CC                    CRISIL B+    90      Downgraded
Works (Prop. Devendra Kumar Gupta &                                                from CRISIL
Sons H.U.F.)                                                                       BB-
Upper India Smelting & Refinery         Proposed LT Bk Loan   CRISIL B+    5       Downgraded
Works (Prop. Devendra Kumar Gupta &     Fac                                        from CRISIL
Sons H.U.F.)                                                                       BB-
Upper India Smelting & Refinery         Standby Line of       CRISIL B+    5       Downgraded
Works (Prop. Devendra Kumar Gupta &     Credit                                     from CRISIL
Sons H.U.F.)                                                                       BB-
Vijai Electricals Ltd                   CC                    CRISIL B-    4860    Upgraded
                                                                                   from CRISIL
                                                                                   C
Vijai Electricals Ltd                   LT Loans              CRISIL B-    2346.1  Upgraded
                                                                                   from CRISIL
                                                                                   C
Vijai Electricals Ltd                   Proposed TL           CRISIL B-    19.7    Upgraded
                                                                                   from CRISIL
                                                                                   C
Vijai Electricals Ltd                   WC TL                 CRISIL B-    843.5   Upgraded
                                                                                   from CRISIL
                                                                                   C
Vijai Electricals Ltd                   TL*                   CRISIL B-    1788.8  Upgraded
                                                                                   from CRISIL
                                                                                   C
Vijai Electricals Ltd                   Funded Interest TL    CRISIL B-    639.3   Upgraded
                                                                                   from CRISIL
                                                                                   C
Virendra & Co.                          CC                    CRISIL BB    50      Assigned
--------------------------------------------------------------------------------------------
$: 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)
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