CRISIL ratings for Indian debt instruments-Jan 10

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)