March 1, 2017 / 7:33 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Mar 1

51 Min Read

    Mar 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 28, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Agro Pulping Machinery Pvt Ltd          BG                 CRISIL A4      27      Reaffirmed
Alectra Construction Ltd                BG                 CRISIL A3      174     Assigned
Anil Kumar and Company                  BG                 CRISIL A3      1000    Reaffirmed
Anjana Constructions                    BG                 CRISIL A4      25      Assigned
Aqua Machineries Pvt Ltd                BG                 CRISIL A4+     100     Reaffirmed
Aqua Machineries Pvt Ltd                Inland/Import LOC  CRISIL A4+     20      Reaffirmed
Arjun Chemicals Pvt Ltd                 BG                 CRISIL A4+     10      Reaffirmed
Arjun Chemicals Pvt Ltd                 LOC                CRISIL A4+     150     Reaffirmed
Armor Plast Ltd                         Export Packing     CRISIL A4+     25      Assigned
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Best Buildwell Pvt Ltd                  BG                 CRISIL A4+     70      Upgraded from
                                                                                  CRISIL B+
Binjusaria Sponge and Power Pvt Ltd     BG                 CRISIL A4+     3.5     Reaffirmed
C M Roy Construction Pvt Ltd            BG                 CRISIL A4      40      Assigned
Chhajed Foods Pvt Ltd                   BG                 CRISIL A4+     40      Reaffirmed
Chhajed Foods Pvt Ltd                   Inland/Import LOC  CRISIL A4+     50      Reaffirmed
ClearTrip Pvt Ltd                       BG                 CRISIL A4+     352.1   Downgraded
                                                                                  from CRISIL A3
ClearTrip Pvt Ltd                       Overdraft          CRISIL A4+     449.8   Downgraded
                                                                                  from CRISIL A3
D B Machine Tools Pvt Ltd               Foreign            CRISIL A4+     45.5    Assigned
                                        Documentary Bills
                                        Purchase
D B Machine Tools Pvt Ltd               Packing Credit     CRISIL A4+     25      Assigned
Deccan Construction Company             BG                 CRISIL A4+     12      Assigned
Durga Polysters Pvt Ltd                 LOC                CRISIL A3      20      Assigned
Durga Polysters Pvt Ltd                 BG                 CRISIL A3      20      Assigned
Ecron Acunova Ltd                       BG                 CRISIL A4+     25      Reaffirmed
Elcom Innovations Pvt Ltd               LOC                CRISIL A4      40      Assigned
Elcom Innovations Pvt Ltd               LOC                CRISIL A4      40      Assigned
Electra Global Resources Pvt Ltd        LOC                CRISIL A4      35      Reaffirmed
Emmbros Automotives Pvt Ltd             BG                 CRISIL A4+     1.2     Reaffirmed
Everest Flavours Ltd                    Packing Credit     CRISIL A4      100     Reaffirmed
Everest Flavours Ltd                    Proposed ST Bk     CRISIL A4      100     Assigned
                                        Loan Fac
Exmart International Pvt Ltd            Packing Credit     CRISIL A4+     30      Assigned
Expanded Polymer Systems Pvt Ltd        LOC                CRISIL A4+     450     Assigned
Expanded Polymer Systems Pvt Ltd        BG                 CRISIL A4+     5       Assigned
Fanidhar Mega Food Park Pvt Ltd         Proposed ST Bk     CRISIL A4      15      Assigned
                                        Loan Fac
Fena Pvt Ltd                            LOC & BG           CRISIL A1      200     Upgraded from
                                                                                  CRISIL A2+
Fransko Agro Foods                      BG                 CRISIL A4      15      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Future Automobile Agency Pvt Ltd        BG                 CRISIL A4+     2       Upgraded from
                                                                                  CRISIL A4
Guru Kirpa Agro Foods                   Proposed NFBL      CRISIL A4      0.6     Assigned
Hal-Ko-Infra Projects                   Proposed ST Bk     CRISIL A4      3       Assigned
                                        Loan Fac
Hal-Ko-Infra Projects                   BG                 CRISIL A4      42      Assigned
Heena Engineering Co. Ltd               Inland/Import LOC  CRISIL A4+     5       Reaffirmed
Hindustan Construction - Raebareli      BG                 CRISIL A4      10      Assigned
Igaku Needles Pvt Ltd                   Import LOC Limit   CRISIL A4      5       Assigned
Jaypee Projects Ltd                     BG                 CRISIL A4      120     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Jeevan Construction Company             BG                 CRISIL A4+     100     Reaffirmed
Jindal Poly Films Ltd                   LOC**              CRISIL A1      3000    Reaffirmed
** Comprises bank guarantees, which are interchangeable
Jindal Poly Films Ltd                   CP                 CRISIL A1      600     Reaffirmed
JMP Securities Pvt Ltd                  BG                 CRISIL A4+     450     Reaffirmed
Kailash Hillways Engineering associates BG                 CRISIL A4      35      Reaffirmed
Ksheeraabd Constructions Pvt Ltd        BG                 CRISIL A4+     600     Reaffirmed
Ksheeraabd Constructions Pvt Ltd        Proposed ST Bk     CRISIL A4+     200     Reaffirmed
                                        Loan Fac
Lifestyle International Pvt Ltd         CP                 CRISIL A1+     2500    Reaffirmed
M B Motor Body Builders                 BG                 CRISIL A4      20      Assigned
Maa Gauri Timbers Pvt Ltd               LOC                CRISIL A4+     135     Reaffirmed
Millenium Steel India Pvt Ltd           LOC                CRISIL A4      160     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Nancy Krafts                            Export Packing     CRISIL A4      35      Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
Nancy Krafts                            LOC & BG           CRISIL A4      11      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
North East Nutrients Pvt Ltd            BG                 CRISIL A2+     100     Reaffirmed
North East Nutrients Pvt Ltd            ST Loan            CRISIL A2+     130     Reaffirmed
Oncocare Medicals Pvt Ltd               Overdraft          CRISIL A4+     20      Reaffirmed
Powertech Electroinfra Pvt Ltd          BG                 CRISIL A4      34      Assigned

Prudhvi Constructions Pvt Ltd           BG                 CRISIL A4+     50      Assigned
QVC Exports Pvt Ltd                     Export Packing     CRISIL A4+     120     Reaffirmed
                                        Credit
QVC Exports Pvt Ltd                     LOC                CRISIL A4+     80      Reaffirmed
Rainbow Fabart Pvt Ltd                  BG                 CRISIL A3      5       Reaffirmed
Rainbow Fabart Pvt Ltd                  LOC                CRISIL A3      25      Reaffirmed
Rainbow Fabart Pvt Ltd                  Standby Line of    CRISIL A3      30      Reaffirmed
                                        Credit
S. K. Impex                             Overdraft          CRISIL A4+     150     Reaffirmed
Sanga Automobiles Pvt Ltd               BG                 CRISIL A4      20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Security Products Pvt Ltd               BG                 CRISIL A3      100     Assigned
Sesa Resources Ltd                      Bk Fac             CRISIL A1+     0       Reaffirmed
Shivam Hi-Tech Steels Pvt Ltd           BG                 CRISIL A3      115     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivam Hi-Tech Steels Pvt Ltd           LOC                CRISIL A3      40      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivshakti Construction Company         BG                 CRISIL A4+     19      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivshakti Construction Company         Overdraft          CRISIL A4+     24.6    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shree Venkateshwara Infrastructure Pvt  BG                 CRISIL A4      40      Assigned
Ltd
Shree Venkateshwara Infrastructure Pvt  Overdraft          CRISIL A4      35      Assigned
Ltd
Sky Industries Ltd                      Import LOC Limit   CRISIL A4+     35      Assigned
Sky Industries Ltd                      LOC                CRISIL A4+     15      Assigned
Smith Industrial Corporation Pvt Ltd    BG                 CRISIL A4+     10      Assigned
Somani Fabrics Pvt Ltd                  Packing Credit     CRISIL A4+     72      Assigned
Spak Surfactants Pvt Ltd                Foreign LOC        CRISIL A4      20      Assigned
Srishti Apparels                        BG                 CRISIL A4+     4       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Srishti Apparels                        LOC                CRISIL A4+     22.5    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sundaram Industries                     Overdraft          CRISIL A4+     25      Assigned
Tafe Motors and Tractors Ltd            STD                CRISIL A1+     450     Reaffirmed
Takshi Auto Components Pvt Ltd          LOC                CRISIL A4+     20      Reaffirmed
Toshbro Medicals Pvt Ltd                BG                 CRISIL A4      50      Reaffirmed
Tractors and Farm Equipment Ltd         STD                CRISIL A1+     300     Reaffirmed
Tractors and Farm Equipment Ltd         BG                 CRISIL A1+     50      Reaffirmed
Tractors and Farm Equipment Ltd         LOC                CRISIL A1+     100     Reaffirmed

LONG TERM RATINGS:
-------------------
Aachi Special Foods Pvt Ltd             Proposed LT Bk     CRISIL BB+     200     Reaffirmed
                                        Loan Fac
Aachi Special Foods Pvt Ltd             Warehouse Receipts CRISIL BB+     400     Reaffirmed
Agro Pulping Machinery Pvt Ltd          CC                 CRISIL B+      15      Reaffirmed
Agro Pulping Machinery Pvt Ltd          LT Loan            CRISIL B+      3       Reaffirmed
Agro Pulping Machinery Pvt Ltd          Proposed LT Bk     CRISIL B+      25      Reaffirmed
                                        Loan Fac
Alectra Construction Ltd                CC                 CRISIL BBB-    40      Assigned
Alectra Construction Ltd                Standby Line of    CRISIL BBB-    6       Assigned
                                        Credit
Amisal                                  Export Packing     CRISIL B+      65      Reaffirmed
                                        Credit
Amrutvahini Sheti and Shikshan Vikas    Overdraft          CRISIL BB      47.5    Upgraded from
Sanstha                                                                           CRISIL B+
Amrutvahini Sheti and Shikshan Vikas    Proposed LT Bk     CRISIL BB      102.5   Upgraded from
Sanstha                                 Loan Fac                                  CRISIL B+
Anil Kumar and Company                  Overdraft          CRISIL BBB-    100     Reaffirmed
Anjana Constructions                    CC                 CRISIL B       40      Assigned
Annur A P A Spinners Pvt Ltd            LT Loan            CRISIL B-      86      Assigned
Aqua Machineries Pvt Ltd                CC                 CRISIL BB+     50      Reaffirmed
Arjun Chemicals Pvt Ltd                 CC                 CRISIL BB+     210     Reaffirmed
Arjun Chemicals Pvt Ltd                 LT Loan            CRISIL BB+     6.6     Reaffirmed
Arjun Chemicals Pvt Ltd                 Standby Line of    CRISIL BB+     50      Reaffirmed
                                        Credit
Arjun Chemicals Pvt Ltd                 TL                 CRISIL BB+     24.4    Reaffirmed
Armor Plast Ltd                         TL                 CRISIL BB      15      Assigned
Armor Plast Ltd                         Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
Armor Plast Ltd                         Bill Discounting   CRISIL BB      4       Assigned
Armor Plast Ltd                         CC                 CRISIL BB      16      Assigned
Arvind Cotsyn India Ltd                 CC                 CRISIL BBB+    90      Upgraded from
                                                                                  CRISIL BBB
Arvind Cotsyn India Ltd                 Proposed LT Bk     CRISIL BBB+    30      Upgraded from
                                        Loan Fac                                  CRISIL BBB
Arvind Cotsyn India Ltd                 TL                 CRISIL BBB+    110     Upgraded from
                                                                                  CRISIL BBB
Arvind Dyeing and Bleaching Mills Pvt   CC                 CRISIL BBB     140     Upgraded from
Ltd                                                                               CRISIL BBB-
Arvind Dyeing and Bleaching Mills Pvt   TL                 CRISIL BBB     330     Upgraded from
Ltd                                                                               CRISIL BBB-
Astra Rocks and Minerals Pvt Ltd        TL                 CRISIL B       30      Assigned
Astra Rocks and Minerals Pvt Ltd        CC                 CRISIL B       60      Assigned
Astra Rocks and Minerals Pvt Ltd        Proposed LT Bk     CRISIL B       10      Assigned
                                        Loan Fac
Best Buildwell Pvt Ltd                  Drop Line          CRISIL BB-     130     Upgraded from
                                        Overdraft Fac                             CRISIL A4
Bharat Aluminium Company Ltd            Bk Fac             CRISIL A+      0       Reaffirmed
                                                           /CRISIL A1
                                                           /CRISIL A1+ (SO)
Bindal Coir Pvt Ltd                     CC                 CRISIL BB-     65      Upgraded from
                                                                                  CRISIL B+
Bindal Coir Pvt Ltd                     TL                 CRISIL BB-     15      Upgraded from
                                                                                  CRISIL B+
Binjusaria Ispat Pvt Ltd                CC                 CRISIL BBB     120     Reaffirmed
Binjusaria Ispat Pvt Ltd                Proposed LT Bk     CRISIL BBB     30      Reaffirmed
                                        Loan Fac
Binjusaria Sponge and Power Pvt Ltd     CC                 CRISIL BB+     82.5    Reaffirmed
Binjusaria Sponge and Power Pvt Ltd     Foreign LOC        CRISIL BB+     34      Reaffirmed
Bright star Syntex Pvt Ltd              CC                 CRISIL B+      40      Assigned
Bright star Syntex Pvt Ltd              TL                 CRISIL B+      35      Assigned
C M Roy Construction Pvt Ltd            CC                 CRISIL B       60      Assigned
Chhajed Foods Pvt Ltd                   CC                 CRISIL BB      100     Reaffirmed
Chhajed Foods Pvt Ltd                   Proposed LT Bk     CRISIL BB      77.3    Reaffirmed
                                        Loan Fac
Chhajed Foods Pvt Ltd                   Proposed TL        CRISIL BB      94      Reaffirmed
Chhajed Foods Pvt Ltd                   TL                 CRISIL BB      88.7    Reaffirmed
ClearTrip Pvt Ltd                       CC                 CRISIL BB+     350     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
ClearTrip Pvt Ltd                       Proposed Overdraft CRISIL BB+     348.1   Downgraded
                                        Fac                                       from CRISIL
                                                                                  BBB-
D B Machine Tools Pvt Ltd               Proposed LT Bk     CRISIL BB      19.5    Assigned
                                        Loan Fac
Deccan Construction Company             Overdraft          CRISIL BB      40      Assigned
Durga Polysters Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    207     Assigned
                                        Loan Fac
Durga Polysters Pvt Ltd                 LT Loan            CRISIL BBB-    283     Assigned
Durga Polysters Pvt Ltd                 CC                 CRISIL BBB-    120     Assigned
East India Packaging Pvt Ltd            CC                 CRISIL B+      37.8    Assigned
East India Packaging Pvt Ltd            LT Loan            CRISIL B+      71.6    Assigned
East India Packaging Pvt Ltd            Proposed LT Bk     CRISIL B+      0.6     Assigned
                                        Loan Fac
Ecron Acunova Ltd                       CC                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB-
Ecron Acunova Ltd                       Letter of Comfort  CRISIL BB+     352.1   Upgraded from
                                                                                  CRISIL BB-
Ecron Acunova Ltd                       Proposed LT Bk     CRISIL BB+     7.9     Upgraded from
                                        Loan Fac                                  CRISIL BB-
Ecron Acunova Ltd                       Rupee TL           CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB-
Edimannickal Jewellery                  CC                 CRISIL B+      56      Reaffirmed
Edimannickal Jewellery                  Proposed LT Bk     CRISIL B+      43      Reaffirmed
                                        Loan Fac
Elcom Innovations Pvt Ltd               Proposed FB Bk     CRISIL B-      5       Assigned
                                        Limits
Elcom Innovations Pvt Ltd               CC                 CRISIL B-      75      Assigned
Elcom Innovations Pvt Ltd               Proposed FB Bk     CRISIL B-      5       Assigned
                                        Limits
Elcom Innovations Pvt Ltd               CC                 CRISIL B-      75      Assigned
Electra Global Resources Pvt Ltd        CC                 CRISIL B       55      Reaffirmed
Electra Global Resources Pvt Ltd        Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Electrica Engineers (India) Pvt Ltd     CC                 CRISIL BB+     100     Assigned
Emmbros Automotives Pvt Ltd             CC                 CRISIL BB      55      Reaffirmed
Emmbros Automotives Pvt Ltd             TL                 CRISIL BB      28.8    Reaffirmed
Exmart International Pvt Ltd            Secured Overdraft  CRISIL BB+     10      Assigned
                                        against term
                                        deposits
Exmart International Pvt Ltd            Foreign Bill       CRISIL BB+     30      Assigned
                                        Discounting
Expanded Polymer Systems Pvt Ltd        Proposed LT Bk     CRISIL BB+     162     Assigned
                                        Loan Fac
Expanded Polymer Systems Pvt Ltd        LT Loan            CRISIL BB+     83      Assigned
Expanded Polymer Systems Pvt Ltd        CC                 CRISIL BB+     250     Assigned
Expanded Polymer Systems Pvt Ltd        Bill Discounting   CRISIL BB+     50      Assigned
Fanidhar Mega Food Park Pvt Ltd         Proposed LT Bk     CRISIL B       475     Assigned
                                        Loan Fac
Fena Pvt Ltd                            CC                 CRISIL A-      150     Reaffirmed
Fransko Agro Foods                      CC                 CRISIL B+      70      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Fransko Agro Foods                      LT Loan            CRISIL B+      1.5     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Fransko Agro Foods                      Proposed LT Bk     CRISIL B+      13.5    Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Future Automobile Agency Pvt Ltd        CC                 CRISIL BB-     2       Upgraded from
                                                                                  CRISIL B+
Future Automobile Agency Pvt Ltd        Electronic Dealer  CRISIL BB-     92      Upgraded from
                                        Financing                                 CRISIL B+
                                        Scheme(e-DFS)
Future Automobile Agency Pvt Ltd        Proposed FB Bk     CRISIL BB-     49      Upgraded from
                                        Limits                                    CRISIL B+
Gopal Udhyog                            CC                 CRISIL BB-     87.5    Assigned
Guru Kirpa Agro Foods                   SME Credit         CRISIL B+      2.5     Assigned
Guru Kirpa Agro Foods                   CC                 CRISIL B+      88.5    Assigned
Guru Kirpa Agro Foods                   Proposed FB Bk     CRISIL B+      8.4     Assigned
                                        Limits
GVRMP Whagdhari Ribbanpally Tollway Pvt LT Loan            CRISIL B       2020    Downgraded
Ltd                                                                               from CRISIL
                                                                                  BBB/Stable;
Issuer Not Cooperating
Hal-Ko-Infra Projects                   Overdraft          CRISIL B       17.5    Assigned
Heena Engineering Co. Ltd               CC                 CRISIL BB      50      Reaffirmed
Heena Engineering Co. Ltd               Proposed LT Bk     CRISIL BB      175     Reaffirmed
                                        Loan Fac
Hindustan Construction - Raebareli      TL                 CRISIL B       4.7     Assigned
Hindustan Construction - Raebareli      CC                 CRISIL B       60      Assigned
Hindustan Zinc Ltd                      Bk Fac             CRISIL AAA     0       Reaffirmed
                                                           /CRISIL A1+
Igaku Needles Pvt Ltd                   CC                 CRISIL B+      22      Assigned
Igaku Needles Pvt Ltd                   Proposed LT Bk     CRISIL B+      3       Assigned
                                        Loan Fac
Igaku Needles Pvt Ltd                   TL                 CRISIL B+      40      Assigned
Imperial Hospital and Research Centre   CC                 CRISIL A+      190     Reaffirmed
Ltd
Imperial Hospital and Research Centre   LT Loan            CRISIL A+      810     Reaffirmed
Ltd
Indian Sales Corporation - Raipur       Proposed LT Bk     CRISIL BB-     22.5    Assigned
                                        Loan Fac
Indian Sales Corporation - Raipur       Channel Financing  CRISIL BB-     25      Assigned
Indian Sales Corporation - Raipur       CC                 CRISIL BB-     50      Assigned
Indian Sales Corporation - Raipur       CC/ Overdraft Fac  CRISIL BB-     1.5     Assigned
Ishanika Hotels Pvt Ltd                 TL                 CRISIL B       120     Assigned
Jai Bharat Rice Mills (Partnership)     CC                 CRISIL B       250     Reaffirmed
Jai Bharat Rice Mills (Partnership)     Proposed LT Bk     CRISIL B       50      Reaffirmed
                                        Loan Fac
Jaypee Projects Ltd                     CC                 CRISIL B+      60      Downgraded
                                                                                  from CRISIL BB
Jaypee Projects Ltd                     Proposed LT Bk     CRISIL B+      30      Downgraded
                                        Loan Fac                                  from CRISIL BB
Jeet Home Solutions Pvt Ltd             TL                 CRISIL D       90      Assigned
Jeevan Construction Company             CC                 CRISIL BB      10      Reaffirmed
Jindal Poly Films Ltd                   CC*                CRISIL A+      2000    Reaffirmed
* Includes working capital demand loan and packing credit, which are interchangeable
Jindal Poly Films Ltd                   LT Loan            CRISIL A+      1200    Reaffirmed
Jindal Poly Films Ltd                   Rupee TL           CRISIL A+      2280    Reaffirmed
Jindal Poly Films Ltd                   NCD                CRISIL         2500    Reaffirmed
                                                           A+/Negative
JKR Motors Pvt Ltd                      CC                 CRISIL B+      50      Assigned
JMK Motors Pvt Ltd                      Channel Financing  CRISIL B+      70      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
JMK Motors Pvt Ltd                      Drop Line          CRISIL B+      17      Downgraded
                                        Overdraft Fac                             from CRISIL
                                                                                  BB-
JMK Motors Pvt Ltd                      Proposed LT Bk     CRISIL B+      29.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Kailash Hillways Engineering associates CC                 CRISIL B+      30      Upgraded from
                                                                                  CRISIL B
Kailash Hillways Engineering associates TL                 CRISIL B+      7       Upgraded from
                                                                                  CRISIL B
Kamdhenu Realities                      Proposed LT Bk     CRISIL BB-     95      Upgraded from
                                        Loan Fac                                  CRISIL B+
Kamdhenu Realities                      TL                 CRISIL BB-     105     Upgraded from
                                                                                  CRISIL B+
KIA Textiles Pvt Ltd                    CC*                CRISIL B+      80      Assigned;
                                                                                  Suspension
                                                                                  Revoked
*Includes sub limit of export packing credit to the extent of Rs.7.0 Cr. and foreign bill
purchase to the extent of Rs.5.0 Cr.
Kohli and Sons                          CC                 CRISIL BB      30      Reaffirmed
Kohli and Sons                          Channel Financing  CRISIL BB      100     Reaffirmed
Ksheeraabd Constructions Pvt Ltd        CC                 CRISIL BB      30      Reaffirmed
Lifestyle International Pvt Ltd         CC                 CRISIL AA-     3550    Reaffirmed
Lifestyle International Pvt Ltd         Proposed CC Limit  CRISIL AA-     900     Reaffirmed
Lifestyle International Pvt Ltd         Proposed TL        CRISIL AA-     1450    Reaffirmed
Lord Balaji Ware Housing Pvt Ltd        TL                 CRISIL D       100     Assigned
Lotus Greens Constructions Pvt Ltd      NCD                CRISIL BB+ (SO)4500    Reaffirmed
M B Motor Body Builders                 CC                 CRISIL B+      35      Assigned
M. B. Chitale Constructions             CC                 CRISIL BB-     60      Assigned
M.G.Brothers Automobiles Pvt Ltd        Proposed LT Bk     CRISIL B       200     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Maa Gauri Timbers Pvt Ltd               CC                 CRISIL BB-     35      Reaffirmed
Maa Gauri Timbers Pvt Ltd               Proposed FB Bk     CRISIL BB-     2.5     Assigned
                                        Limits
Maa Tara Rice Mill                      CC                 CRISIL BB-     75      Reaffirmed
Maa Tara Rice Mill                      Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Malco Energy Ltd                        Bk Fac             CRISIL AA-     0       Reaffirmed
                                                           /CRISIL A1+
Manthan Software Services Pvt Ltd       CC/ Overdraft Fac  CRISIL B+      200     Assigned
Millenium Steel India Pvt Ltd           CC                 CRISIL B       42.5    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Millenium Steel India Pvt Ltd           Proposed LT Bk     CRISIL B       7.5     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Nancy Krafts                            Proposed LT Bk     CRISIL B       19      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Nancy Krafts                            Standby Line of    CRISIL B       5       Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
National Ginning and Pressing           CC                 CRISIL B-      70      Reaffirmed
Industries
National Ginning and Pressing           Proposed LT Bk     CRISIL B-      8.8     Reaffirmed
Industries                              Loan Fac
National Ginning and Pressing           TL                 CRISIL B-      21.2    Reaffirmed
Industries
National Trading Company                Proposed WC Fac    CRISIL B+      50      Assigned
Nikunj Exports                          CC                 CRISIL B+      60      Assigned
Nikunj Exports                          LT Loan            CRISIL B+      46      Assigned
Nikunj Exports                          Proposed FB Bk     CRISIL B+      19      Assigned
                                        Limits
North East Nutrients Pvt Ltd            LT Loan            CRISIL A-      700     Reaffirmed
Oncocare Medicals Pvt Ltd               CC                 CRISIL BB      2       Upgraded from
                                                                                  CRISIL BB-
Oncocare Medicals Pvt Ltd               Drop Line          CRISIL BB      13      Upgraded from
                                        Overdraft Fac                             CRISIL BB-
Oncocare Medicals Pvt Ltd               Proposed LT Bk     CRISIL BB      10      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Oncocare Medicals Pvt Ltd               TL                 CRISIL BB      105     Upgraded from
                                                                                  CRISIL BB-
Pluton Trading Co.                      CC                 CRISIL BB+     440     Assigned
Pluton Trading Co.                      Proposed LT Bk     CRISIL BB+     60      Assigned
                                        Loan Fac
Power Max India Pvt Ltd                 CC                 CRISIL C       130     Reaffirmed
Power Max India Pvt Ltd                 WC Demand Loan     CRISIL C       70      Reaffirmed
Powertech Electroinfra Pvt Ltd          Proposed LT Bk     CRISIL B       16      Assigned
                                        Loan Fac
Powertech Electroinfra Pvt Ltd          CC                 CRISIL B       50      Assigned
Pride Hotels Ltd                        BG                 CRISIL D       14      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded
from CRISIL A4+
Pride Hotels Ltd                        CC                 CRISIL D       160     Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Pride Hotels Ltd                        Corporate Loan     CRISIL D       262.6   Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Pride Hotels Ltd                        Drop Line          CRISIL D       13      Issuer Not
                                        Overdraft Fac                             Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Pride Hotels Ltd                        Overdraft          CRISIL D       33      Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Pride Hotels Ltd                        Proposed LT Bk     CRISIL D       45.5    Issuer Not
                                        Loan Fac                                  Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Pride Hotels Ltd                        TL                 CRISIL D       1461.9  Issuer Not
                                                                                  Cooperating;
                                                                                  Downgraded
from CRISIL BB+
Prudhvi Constructions Pvt Ltd           Secured Overdraft  CRISIL BB-     70      Assigned
                                        Fac
Puneet Enterprises - Aurangabad         CC                 CRISIL BB+     400     Assigned
QVC Exports Pvt Ltd                     CC                 CRISIL BB-     20      Reaffirmed
QVC Exports Pvt Ltd                     Proposed LT Bk     CRISIL BB-     50      Reaffirmed
                                        Loan Fac
Rainbow Fabart Pvt Ltd                  CC                 CRISIL BBB-    150     Reaffirmed
Rainbow Fabart Pvt Ltd                  Proposed LT Bk     CRISIL BBB-    30      Reaffirmed
                                        Loan Fac
Rainbow Fabart Pvt Ltd                  TL                 CRISIL BBB-    60      Reaffirmed
Rajchandra Agencies                     CC                 CRISIL B+      110     Reaffirmed
Rajul Builders                          TL                 CRISIL BB-     75      Assigned
Ramineni Agro Industries Pvt Ltd        CC                 CRISIL B+      100     Reaffirmed
Ramineni Agro Industries Pvt Ltd        LT Loan            CRISIL B+      25      Reaffirmed
Revathi Gold Agro Products              CC                 CRISIL B+      70      Assigned
Revathi Gold Agro Products              Cash TL            CRISIL B+      15      Assigned
Sai Sree Woven Sacks Pvt Ltd            Proposed LT Bk     CRISIL BB-     105     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Sanga Automobiles Pvt Ltd               CC                 CRISIL B+      130     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sanga Automobiles Pvt Ltd               Inventory Funding  CRISIL B+      48      Assigned;
                                        Fac                                       Suspension
                                                                                  Revoked
Sanga Automobiles Pvt Ltd               Overdraft          CRISIL B+      10.8    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sanga Automobiles Pvt Ltd               Proposed TL        CRISIL B+      141.2   Assigned;
                                                                                  Suspension
                                                                                  Revoked
SAS Automotives Pvt Ltd                 CC                 CRISIL BB      100     Reaffirmed
SAS Automotives Pvt Ltd                 Inventory Funding  CRISIL BB      240     Reaffirmed
                                        Fac
SAS Automotives Pvt Ltd                 TL                 CRISIL BB      10      Reaffirmed
Security Products Pvt Ltd               CC                 CRISIL BBB-    10      Assigned
Shah Construction                       CC                 CRISIL BB+     70      Reaffirmed
Shiv Shanker Rice Mills (Ferozepur)     CC                 CRISIL B+      150     Reaffirmed
Shiv Shanker Rice Mills (Ferozepur)     Proposed LT Bk     CRISIL B+      11.7    Reaffirmed
                                        Loan Fac
Shiv Shanker Rice Mills (Ferozepur)     TL                 CRISIL B+      13.3    Reaffirmed
Shivam Hi-Tech Steels Pvt Ltd           CC                 CRISIL BBB-    200     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivam Hi-Tech Steels Pvt Ltd           Proposed LT Bk     CRISIL BBB-    62.7    Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Shivam Hi-Tech Steels Pvt Ltd           Standby Line of    CRISIL BBB-    10      Assigned;
                                        Credit                                    Suspension
                                                                                  Revoked
Shivam Hi-Tech Steels Pvt Ltd           TL                 CRISIL BBB-    42.3    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivshakti Construction Company         CC                 CRISIL BB      50      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Shivshakti Construction Company         Proposed LT Bk     CRISIL BB      6.4     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Shree Ameya Public Charitable Trust     CC                 CRISIL BB      8.5     Upgraded from
                                                                                  CRISIL B
Shree Ameya Public Charitable Trust     Proposed LT Bk     CRISIL BB      15      Upgraded from
                                        Loan Fac                                  CRISIL B
Shree Ameya Public Charitable Trust     TL                 CRISIL BB      134     Upgraded from
                                                                                  CRISIL B
Shree Ganesh Industries                 CC                 CRISIL B       70      Reaffirmed
Shree Ganesh Industries                 Proposed CC Limit  CRISIL B       30      Reaffirmed
Shree Ponni Lead Alloy Pvt Ltd          CC                 CRISIL B       20      Assigned
Shree Ponni Lead Alloy Pvt Ltd          Cash TL            CRISIL B       30      Assigned
Shree Venkateshwara Infrastructure Pvt  Proposed LT Bk     CRISIL B       5       Assigned
Ltd                                     Loan Fac
Shriram Properties and Infrastructure   BG                 CRISIL C       300     Downgraded
Pvt Ltd                                                                           from CRISIL
                                                                                  BB+
Siddham Jewels Pvt Ltd                  CC                 CRISIL BB-     50      Assigned
Siddham Jewels Pvt Ltd                  Proposed LT Bk     CRISIL BB-     50      Assigned
                                        Loan Fac
Singh Diamonds                          Foreign Bill       CRISIL BB      30      Reaffirmed
                                        Discounting
Singh Diamonds                          Packing Credit     CRISIL BB      50      Reaffirmed
Singh Diamonds                          Proposed LT Bk     CRISIL BB      120     Reaffirmed
                                        Loan Fac
Sky Industries Ltd                      Overdraft          CRISIL BB      85      Assigned
Smart Stack Warehousing                 TL                 CRISIL B       120     Assigned
Smith Industrial Corporation Pvt Ltd    TL                 CRISIL BB-     22.7    Assigned
Smith Industrial Corporation Pvt Ltd    Proposed LT Bk     CRISIL BB-     21.3    Assigned
                                        Loan Fac
Smith Industrial Corporation Pvt Ltd    CC                 CRISIL BB-     46      Assigned
Snehanjali Electronics and Trading Pvt  CC                 CRISIL BBB-    80      Assigned
Ltd
Snehanjali Electronics and Trading Pvt  Proposed LT Bk     CRISIL BBB-    70      Assigned
Ltd                                     Loan Fac
Somani Fabrics Pvt Ltd                  Proposed LT Bk     CRISIL BB-     2.6     Assigned
                                        Loan Fac
Spak Surfactants Pvt Ltd                Proposed LT Bk     CRISIL B       0.7     Assigned
                                        Loan Fac
Spak Surfactants Pvt Ltd                LT Loan            CRISIL B       89.3    Assigned
Spak Surfactants Pvt Ltd                Bill Discounting   CRISIL B       20      Assigned
Spak Surfactants Pvt Ltd                CC                 CRISIL B       10      Assigned
SPR Construction Pvt Ltd                NCD                CRISIL BB-     1300    Assigned
Srikara Packaging Pvt Ltd               CC                 CRISIL D       40      Assigned
Srikara Packaging Pvt Ltd               LT Loan            CRISIL D       50      Assigned
Srishti Apparels                        CC                 CRISIL BB-     13      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Srishti Apparels                        Proposed LT Bk     CRISIL BB-     90.5    Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
SRK Infracon India Pvt Ltd              LT Loan            CRISIL BB      100     Reaffirmed
Sundaram Industries                     CC                 CRISIL BB-     45      Assigned
Swapna Enterprise                       TL                 CRISIL B+      820     Reaffirmed
T. C. M. Steels India                   CC                 CRISIL BB-     142.5   Assigned;
                                                                                  Suspension
                                                                                  Revoked
Takshi Auto Components Pvt Ltd          CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Takshi Auto Components Pvt Ltd          TL                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB
Talwandi Sabo Power Ltd                 Bk Fac             CRISIL AA-     0       Reaffirmed
                                                           (SO) /CRISIL
                                                           A1+ (SO)
The Panchmahal District Co-Op. Milk     Corporate Credit   CCR AA         0       Assigned
Producers Union Ltd                     Rating
The Panchmahal District Co-Op. Milk     LT Loan            CRISIL AAA (SO)2250    Reaffirmed
Producers Union Ltd
Tirupati Corrugators                    BG                 CRISIL D       14      Reaffirmed
Tirupati Corrugators                    CC                 CRISIL D       77.5    Reaffirmed
Tirupati Corrugators                    Proposed LT Bk     CRISIL D       57.4    Reaffirmed
                                        Loan Fac
Tirupati Corrugators                    TL                 CRISIL D       1.8     Reaffirmed
Toshbro Medicals Pvt Ltd                CC                 CRISIL B       65      Reaffirmed
Tractors and Farm Equipment Ltd         Proposed LT Bk     CRISIL AA+     530     Reaffirmed
                                        Loan Fac
Vedanta Ltd                             Bk Fac             CRISIL AA-     0       Reaffirmed
                                                           /CRISIL A1+
Vinayak Marine Services Pvt Ltd         LT Bk Fac          CRISIL B+      80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Vizag General Cargo Berth Pvt Ltd       Bk Fac             CRISIL AA- (SO)0       Reaffirmed
Vyom - New Delhi                        Drop Line          CRISIL BB-     40      Assigned
                                        Overdraft Fac
Vyom - New Delhi                        Proposed LT Bk     CRISIL BB-     10      Assigned
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: 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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