December 23, 2016 / 6:45 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Dec 23

Dec 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 22, 2016.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Agarwal Packers and Movers Ltd          BG                 CRISIL A3      70      Reaffirmed
Air Carnival Pvt Ltd                    BG                 CRISIL A4      50      Assigned
Amaleswari Constructions                BG                 CRISIL A4+     40      Suspended
Arcon and Associates                    Proposed ST Bk     CRISIL A4+     10      Suspended
                                        Loan Fac
Astra Lifecare India Pvt Ltd            BG                 CRISIL A3      80      Reaffirmed
Balbir Metals and Power Pvt Ltd         BG                 CRISIL A4+     12.5    Reaffirmed
Balbir Rolling Mills Pvt Ltd            BG                 CRISIL A4+     37.5    Reaffirmed
Barbrik Project Ltd                     BG                 CRISIL A3+     1700    Reaffirmed
D R Coats Ink and Resins Pvt Ltd        Export Finance     CRISIL A4+     20      Assigned
                                        Limit
D R Coats Ink and Resins Pvt Ltd        BG                 CRISIL A4+     4       Assigned
DIC India Ltd                           LOC & BG           CRISIL A1+     90.9    Reaffirmed
DIC India Ltd                            ST Debt           CRISIL A1+     500     Reaffirmed
Durian Industries Ltd                   LOC                CRISIL A3+     200     Reaffirmed
E.I.D. Parry India Ltd                  BG                 CRISIL A1+     1750    Reaffirmed
E.I.D. Parry India Ltd                  Deferred Payment   CRISIL A1+     1500    Reaffirmed
                                        Guarantee
E.I.D. Parry India Ltd                  LOC*               CRISIL A1+     2000    Reaffirmed
*Interchangeable with bank guarantee. 
E.I.D. Parry India Ltd                  Proposed BG        CRISIL A1+     500     Reaffirmed
Edicon Pneumatic Tool Co. Pvt Ltd       BG                 CRISIL A3+     10      Upgraded from
                                                                                  CRISIL A3
Edicon Pneumatic Tool Co. Pvt Ltd       Proposed Packing   CRISIL A3+     40      Upgraded from
                                        Credit                                    CRISIL A3
Green Shield Enterprises Pvt Ltd        LOC                CRISIL A4      10      Upgraded from
                                                                                  CRISIL D
Green Shield Enterprises Pvt Ltd        Proposed ST Bk     CRISIL A4      55      Upgraded from
                                        Loan Fac                                  CRISIL D
Hero Cycles Ltd                         BG#                CRISIL A1+     700     Reaffirmed
# Fully interchangeable with each other
Hero Cycles Ltd                         LOC#               CRISIL A1+     200     Reaffirmed
# Fully interchangeable with each other
Industrial Boilers Ltd                  BG                 CRISIL A4+     25      Suspended
Industrial Boilers Ltd                  LOC                CRISIL A4+     20      Suspended
Intime Equities Ltd                     BG*                CRISIL A3+     100     Suspended
*Interchangeable with bank overdraft facility
Intime Equities Ltd                     ST Loan            CRISIL A3+     1000    Suspended
Jay Bhawani Coal Fields Pvt Ltd         LOC                CRISIL A4      20      Assigned
Jayesh Industries Ltd                   BG                 CRISIL A4      2       Notice of
                                                                                  Withdrawal
L&T Shipbuilding Ltd                    LOC^               CRISIL A1+     1300    Reaffirmed
^100 per cent two-way interchangeability between letter of credit and bank guarantee limits is
permitted.
L&T Shipbuilding Ltd                    LOC$               CRISIL A1+     3250    Reaffirmed
$ Including sub-limit of Rs.2350 million for bank guarantee
L&T Shipbuilding Ltd                    Proposed LOC & BG  CRISIL A1+     3550    Reaffirmed
Mahavir Construction Company - Mumbai   BG                 CRISIL A4      40      Assigned
Menon Bearings Ltd                      BG                 CRISIL A3+     5       Reaffirmed
Menon Bearings Ltd                      LOC                CRISIL A3+     20      Reaffirmed
Neha Constructions - Nagpur             BG                 CRISIL A4      60      Reaffirmed
Next Education India Pvt Ltd            BG                 CRISIL A2      10      Assigned
Nirmal Sagar Enterprises                Inland/Import LOC  CRISIL A4      10      Assigned
Noble Tech Industries Pvt Ltd           Inland/Import LOC  CRISIL A3      935     Assigned
Palghar Plywood Product Pvt Ltd         LOC                CRISIL A3+     40      Reaffirmed
Parry Sugars Refinery India Pvt Ltd     LOC & BG**         CRISIL A1      2050    Reaffirmed
** Interchangeable with letter of undertaking and buyer's credit; sublimit of Rs.700 million for
bank guarantee
Parry Sugars Refinery India Pvt Ltd     LOC & BG^^         CRISIL A1      780     Reaffirmed
^^ Interchangeable with buyer's credit       
Parry Sugars Refinery India Pvt Ltd     LOC****            CRISIL A1      2200    Reaffirmed
**** Interchangeable with letter of undertaking
Parry Sugars Refinery India Pvt Ltd     Proposed ST Bk     CRISIL A1      5270    Reaffirmed
                                        Loan Fac
Parrys Sugar Industries Ltd             BG*                CRISIL A1      100     Reaffirmed
* 100% two-way interchangeability between letter of credit and bank guarantee limits
Parrys Sugar Industries Ltd             LOC*               CRISIL A1      100     Reaffirmed
* 100% two-way interchangeability between letter of credit and bank guarantee limits
Parrys Sugar Industries Ltd             BG                 CRISIL A1      500     Assigned
Paruthi Engineers Pvt Ltd               BG                 CRISIL A3      85      Assigned
Raksha Tpa Pvt Ltd                      BG                 CRISIL A2      100     Reaffirmed
Raksha Tpa Pvt Ltd                      Proposed ST Bk     CRISIL A2      50      Reaffirmed
                                        Loan Fac
Sabitri Traders                         Bill Pur -         CRISIL A4      20      Downgraded
                                        Discounting Fac                           from CRISIL
                                                                                  A4+
Sabitri Traders                         Packing Credit     CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Sabitri Traders                         Proposed ST Bk     CRISIL A4      110     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  A4+
Satya Sai Agro Industries               BG                 CRISIL A4      60      Assigned
Solo Metals Pvt Ltd                     BG                 CRISIL A4+     15      Reaffirmed
Star Rewinders and Electricals          LOC                CRISIL A4      30      Assigned

Star Rewinders and Electricals          BG                 CRISIL A4      85      Assigned
Stream Ceramic Pvt Ltd                  BG                 CRISIL A4      10      Assigned
Success Engineers                       BG                 CRISIL A4+     40      Assigned
The Fertilisers and Chemicals           BG                 CRISIL A4      520.6   Reaffirmed
Travancore Ltd
The Fertilisers and Chemicals           LOC                CRISIL A4      3450.6  Reaffirmed
Travancore Ltd
Unity Fin-Cap Pvt Ltd                   BG                 CRISIL A4      10      Suspended
Vision Products Pvt Ltd                 Inland/Import LOC  CRISIL A4+     30      Reaffirmed
VNC Infraprojects                       BG                 CRISIL A4      30      Assigned

LONG TERM RATINGS:
-------------------
Agarwal Packers and Movers Ltd          CC                 CRISIL BBB-    350     Reaffirmed
Agarwal Packers and Movers Ltd          TL                 CRISIL BBB-    380     Reaffirmed
Agarwal Packers and Movers Ltd          NCD                CRISIL BBB-    450     Reaffirmed
Aggarwal Cotton and General Mills       CC                 CRISIL B+      100     Reaffirmed
Aggarwal Cotton and General Mills       Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
Air Carnival Pvt Ltd                    Secured Overdraft  CRISIL B       47      Assigned
                                        Fac
Air Carnival Pvt Ltd                    Proposed LT Bk     CRISIL B       53      Assigned
                                        Loan Fac
Air Carnival Pvt Ltd                    Cash TL            CRISIL B       50      Assigned
Amaleswari Constructions                CC                 CRISIL BB-     25      Suspended
Amaleswari Constructions                Proposed LT Bk     CRISIL BB-     15      Suspended
                                        Loan Fac
Amartex Industries Ltd                  CC                 CRISIL D       650     Reaffirmed
Amartex Industries Ltd                  LOC                CRISIL D       150     Reaffirmed
Amartex Industries Ltd                  Overdraft Fac      CRISIL D       100     Reaffirmed
Amartex Industries Ltd                  TL                 CRISIL D       100     Reaffirmed
Arcon and Associates                    CC                 CRISIL BB-     5       Suspended
Arcon and Associates                    Proposed LT Bk     CRISIL BB-     30.5    Suspended
                                        Loan Fac
Arcon and Associates                    TL                 CRISIL BB-     4.5     Suspended
Aroma Restaurants And Resorts Pvt Ltd   CC                 CRISIL B       20      Assigned
Aroma Restaurants And Resorts Pvt Ltd   TL                 CRISIL B       40      Assigned
Astra Lifecare India Pvt Ltd            Credit Limit Under CRISIL BBB-    130     Reaffirmed
                                        Gold Card
Astra Lifecare India Pvt Ltd            Export Packing     CRISIL BBB-    650     Reaffirmed
                                        Credit
Astra Lifecare India Pvt Ltd            TL                 CRISIL BBB-    247.3   Reaffirmed
Balbir Metals and Power Pvt Ltd         CC                 CRISIL BB      150     Reaffirmed
Balbir Rolling Mills Pvt Ltd            Overdraft Fac      CRISIL BB      460     Reaffirmed
Balbir Rolling Mills Pvt Ltd            TL                 CRISIL BB      42.5    Reaffirmed
Barbrik Project Ltd                     CC                 CRISIL BBB     300     Reaffirmed
Barbrik Project Ltd                     TL                 CRISIL BBB     500     Reaffirmed
Bennett Coleman and Co. Ltd             CC*                CRISIL AAA     27.35   Reaffirmed
*Interchangeable with bank guarantee, letter of credit, working capital loan, and buyer's
credit.
Bennett Coleman and Co. Ltd             Proposed CC Limit* CRISIL AAA     18.65   Reaffirmed
*Interchangeable with bank guarantee, letter of credit, working capital loan, and buyer's
credit.
Cauvery Neeravari Nigama Ltd            Bonds - Series II  CRISIL AA-(SO) 2000    Reaffirmed
D R Coats Ink and Resins Pvt Ltd        TL                 CRISIL BB+     6       Assigned
D R Coats Ink and Resins Pvt Ltd        Proposed LT Bk     CRISIL BB+     25      Assigned
                                        Loan Fac
D R Coats Ink and Resins Pvt Ltd        CC                 CRISIL BB+     120     Assigned
D R Coats Ink and Resins Pvt Ltd        Buyer Credit Limit CRISIL BB+     90      Assigned
Deepak yadav & others                   TL                 CRISIL B       90      Assigned
Deswal Hatcheries Pvt Ltd               CC                 CRISIL BB-     75      Assigned
Deswal Hatcheries Pvt Ltd               LT Loan            CRISIL BB-     66.5    Assigned
DIC India Ltd                           CC                 CRISIL AA-     500     Reaffirmed
DIC India Ltd                            NCD               CRISIL AA-     100     Reaffirmed
Durg Tractors                           CC                 CRISIL BB-     50      Assigned
Durian Industries Ltd                   CC                 CRISIL BBB     370     Reaffirmed
Durian Industries Ltd                   LT Loan            CRISIL BBB     11.3    Reaffirmed
Durian Industries Ltd                   Proposed LT Bk     CRISIL BBB     122.3   Reaffirmed
                                        Loan Fac
Durian Industries Ltd                   Standby Line of    CRISIL BBB     40      Reaffirmed
                                        Credit
E.I.D. Parry India Ltd                  CC#                CRISIL A+      4000    Reaffirmed
# Interchangeable with other fund-based limits, including working capital demand loan, packing
credit, short-term loans, and buyer's credit.
E.I.D. Parry India Ltd                  LT Loan            CRISIL A+      6765    Reaffirmed
E.I.D. Parry India Ltd                  Proposed LT Bk     CRISIL A+      3037    Reaffirmed
                                        Loan Fac
Edicon Pneumatic Tool Co. Pvt Ltd       CC                 CRISIL BBB     7.5     Upgraded from
                                                                                  CRISIL BBB-
Edicon Pneumatic Tool Co. Pvt Ltd       Export Packing     CRISIL BBB     22.5    Upgraded from
                                        Credit                                    CRISIL BBB-
Edicon Pneumatic Tool Co. Pvt Ltd       Proposed CC Limit  CRISIL BBB     5       Upgraded from
                                                                                  CRISIL BBB-
Edicon Pneumatic Tool Co. Pvt Ltd       Proposed Foreign   CRISIL BBB     130     Upgraded from
                                        Currency TL                               CRISIL BBB-
Edicon Pneumatic Tool Co. Pvt Ltd       Proposed LT Bk     CRISIL BBB     5       Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Express Infocom Pvt Ltd                 optionally         CRISIL BB      17      Upgraded from
                                        convertible                               CRISIL B-
                                        debenture
Express Infocom Pvt Ltd                 Proposed LT Bk     CRISIL BB      100     Upgraded from
                                        Loan Fac                                  CRISIL B-
Express Infocom Pvt Ltd                 TL                 CRISIL BB      178     Upgraded from
                                                                                  CRISIL B-
Gian Chand and Sons Pvt Ltd             CC                 CRISIL BB-     210     Reaffirmed
Green Shield Enterprises Pvt Ltd        CC                 CRISIL C       85      Upgraded from
                                                                                  CRISIL D
Greenwood Poultries                     CC                 CRISIL B+      13      Assigned
Greenwood Poultries                     LT Loan            CRISIL B+      69.7    Assigned
Hariom Corporation                      TL                 CRISIL BB-     90      Suspended
Hero Cycles Ltd                         CC^                CRISIL AA+     700     Reaffirmed
^ Includes sublimit of Rs 100 million for Export Packing Credit (EPC) and Rs 90 million for
Foreign Bill Discounting (FBD)
Hero Cycles Ltd                         TL                 CRISIL AA+     150     Reaffirmed
Industrial Boilers Ltd                  CC                 CRISIL BB      75      Suspended
Intime Equities Ltd                     Overdraft Fac      CRISIL BBB     650     Suspended
Jai Bhawani Trading Co.                 CC                 CRISIL B+      57      Reaffirmed
Jai Bhawani Trading Co.                 Proposed LT Bk     CRISIL B+      23      Reaffirmed
                                        Loan Fac
Jay Bhawani Coal Fields Pvt Ltd         CC                 CRISIL B+      50      Assigned
Jayesh Industries Ltd                   Buyer Credit Limit CRISIL B-      50      Reaffirmed
Jayesh Industries Ltd                   CC                 CRISIL B-      102.5   Reaffirmed
Jayesh Industries Ltd                   Proposed LT Bk     CRISIL B-      34.9    Reaffirmed
                                        Loan Fac
Jayesh Industries Ltd                   Standby Line of    CRISIL B-      10      Reaffirmed
                                        Credit
Karnataka Neeravari Nigama Ltd          Bonds - Series VIIICRISIL AA-(SO) 5000    Reaffirmed
Karnataka State Financial Corporation   8.58% Bonds*^      CRISIL AA-(SO) 2350    Reaffirmed
* Amount outstanding as on March 31, 2015/^ These are non-convertible bonds.

Karnataka State Financial Corporation   9.19% Bonds*^      CRISIL AA-(SO) 2500    Reaffirmed
* Amount outstanding as on March 31, 2015/^ These are non-convertible bonds.

Karnataka State Financial Corporation   9.08% Bonds*#      CRISIL AA-(SO) 2000    Reaffirmed
* Amount outstanding as on March 31, 2015. /#The trustee for this issuance has been changed from
State Bank of Hyderabad to SBI CAPS.
Karnataka State Financial Corporation   9.24% Bonds*#      CRISIL AA-(SO) 2000    Reaffirmed
* Amount outstanding as on March 31, 2015. /#The trustee for this issuance has been changed from
State Bank of Hyderabad to SBI CAPS.
Karnataka State Financial Corporation   8.6% Bonds *       CRISIL AA-(SO) 1000    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   8.39% Bonds*       CRISIL AA-(SO) 1230    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   8.23% Bonds*       CRISIL AA-(SO) 770     Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   9.23% Bonds*       CRISIL AA-(SO) 1000    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   9.49% Bonds*       CRISIL AA-(SO) 1000    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   7.45% Bonds*       CRISIL AA-(SO) 358     Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   7.64% Bonds*       CRISIL AA-(SO) 1000    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Karnataka State Financial Corporation   8.39% Bonds*       CRISIL AA-(SO) 1000    Reaffirmed
* Amount outstanding as on March 31, 2015. 
Kissan Hatcheries                       CC                 CRISIL BB-     120     Assigned
Kissan Hatcheries                       LT Loan            CRISIL BB-     17.7    Assigned
Krishna Bhagya Jala Nigam Ltd           Bond - Series      CRISIL AA-(SO) 5016    Reaffirmed
                                        2014-B
Krishna Bhagya Jala Nigam Ltd           Bond ' Series      CRISIL AA-(SO) 2484    Reaffirmed
                                        2014-C
Krishna Bhagya Jala Nigam Ltd           Bond - Series      CRISIL AA-(SO) 5120    Reaffirmed
                                        2012-A**
**Amount outstanding as on March 31, 2014;
Krishna Bhagya Jala Nigam Ltd           Bond - Series      CRISIL AA-(SO) 6445    Reaffirmed
                                        2014-A**
**Amount outstanding as on March 31, 2014;
Kumar Industries                        CC                 CRISIL B+      50      Reaffirmed
Kumar Industries                        LT Loan            CRISIL B+      6.5     Reaffirmed
Kumar Industries                        Proposed LT Bk     CRISIL B+      13.5    Reaffirmed
                                        Loan Fac
Kumar Industries                        Warehouse Receipts CRISIL B+      30      Assigned
L&T Shipbuilding Ltd                    FB Fac*            CRISIL AA-     4250    Reaffirmed
* One-way interchangeability of upto 50 per cent from fund-based working capital limits to
non-fund-based working capital limits is permitted to the extent of Rs.3500
L&T Shipbuilding Ltd                    BG^                CRISIL AA-     5200    Reaffirmed
^100 per cent two-way interchangeability between letter of credit and bank guarantee limits is
permitted.
L&T Shipbuilding Ltd                    BG@                CRISIL AA-     4150    Reaffirmed
@ Including sub-limit of Rs.3000 million towards letter of credit
L&T Shipbuilding Ltd                    Proposed FB Bk     CRISIL AA-     3250    Reaffirmed
                                        Limits
L&T Shipbuilding Ltd                    Proposed BG#       CRISIL AA-     5050    Reaffirmed
# Including sub-limit if any towards letter of credit.
Lala Madhoram Bhagwan Dass Charitable   Overdraft Fac      CRISIL B+      20      Upgraded from
Society                                                                           CRISIL B-
Lala Madhoram Bhagwan Dass Charitable   Proposed LT Bk     CRISIL B+      190     Upgraded from
Society                                 Loan Fac                                  CRISIL B-
Lala Madhoram Bhagwan Dass Charitable   Rupee TL           CRISIL B+      130     Upgraded from
Society                                                                           CRISIL B-
Lucknow Medical Agencies                CC                 CRISIL BB-     65      Assigned
Mahanagar Telephone Nigam Ltd           NCD                CRISIL AAA(SO) 35339.7 Reaffirmed
Mahanagar Telephone Nigam Ltd           NCD                CRISIL AAA(SO) 10000   Reaffirmed
Mahanagar Telephone Nigam Ltd           NCD                CRISIL AAA(SO) 30000   Reaffirmed
Mahavir Construction Company - Mumbai   Proposed LT Bk     CRISIL B+      105     Assigned
                                        Loan Fac
Mahavir Construction Company - Mumbai   CC                 CRISIL B+      80      Assigned
Menon Bearings Ltd                      CC                 CRISIL BBB     130.7   Reaffirmed
Menon Bearings Ltd                      Standby Line of    CRISIL BBB     20      Reaffirmed
                                        Credit
Menon Bearings Ltd                      TL                 CRISIL BBB     33.9    Reaffirmed
Metroof Industries                      CC                 CRISIL BB-     40      Assigned
Metroof Industries                      LT Loan            CRISIL BB-     20      Assigned
Monad Technologies Pvt Ltd              WC Demand Loan     CRISIL A-      200     Reaffirmed
Music Broadcast Ltd                     NCD                CRISIL AA      2000    Reaffirmed
Neha Constructions - Nagpur             CC                 CRISIL B+      30      Reaffirmed
Next Education India Pvt Ltd            Proposed LT Bk     CRISIL BBB+    200     Assigned
                                        Loan Fac
Next Education India Pvt Ltd            LT Loan            CRISIL BBB+    740     Assigned
Next Education India Pvt Ltd            CC                 CRISIL BBB+    250     Assigned
Nirmal Sagar Enterprises                TL                 CRISIL B+      15      Assigned
Nirmal Sagar Enterprises                CC                 CRISIL B+      70      Assigned
Noble Tech Industries Pvt Ltd           CC                 CRISIL BBB-    1035    Assigned
Noble Tech Industries Pvt Ltd           Corporate Loan     CRISIL BBB-    530     Assigned
Palghar Plywood Product Pvt Ltd         CC                 CRISIL BBB     40.2    Reaffirmed
Parinee Realty Pvt Ltd                  NCD                CRISIL BB-     2850    Assigned
Parry Sugars Refinery India Pvt Ltd     Packing Credit in  CRISIL A       2600    Reaffirmed
                                        Foreign Currency#
# Interchangeable with foreign bill discounting, foreign bill purchase, post shipment credit,
export bill re-discounting, letter of credit, and letter of undertaking 
Parry Sugars Refinery India Pvt Ltd     Packing Credit in  CRISIL A       3000    Reaffirmed
                                        Foreign Currency@
@ Interchangeable with cash credit, working capital demand loan, letter of credit, letter of
undertaking, and buyer's credit
Parry Sugars Refinery India Pvt Ltd     WC Fac^            CRISIL A       100     Reaffirmed
^ Interchangeable with foreign bill discounting and foreign bill purchase     
Parry Sugars Refinery India Pvt Ltd     WC Demand Loan~    CRISIL A       500     Reaffirmed
~ Interchangeable with packing credit in foreign currency and cash credit   
Parry Sugars Refinery India Pvt Ltd     CC & WC demand     CRISIL A       1000    Reaffirmed
                                        loan~~
~~ Interchangeable with packing credit in foreign currency, buyer's credit, letter of credit,
and bank
Parry Sugars Refinery India Pvt Ltd     CC*                CRISIL A       500     Reaffirmed
* Interchangeable with working capital demand loan, packing credit in foreign currency,
post-shipment credit, post-shipment credit in foreign currency, letter of credit and bank
guarantee, and letter of undertaking
Parry Sugars Refinery India Pvt Ltd     CC$                CRISIL A       1500    Reaffirmed
$ Interchangeable with packing credit in foreign currency, buyer's credit, and letter of
credit      
Parry Sugars Refinery India Pvt Ltd     CC$$               CRISIL A       500     Reaffirmed
$$ Interchangeable with working capital demand loan and packing credit in foreign currency    
Parrys Sugar Industries Ltd             CC                 CRISIL A       1000    Reaffirmed
Parrys Sugar Industries Ltd             LT Loan            CRISIL A       10      Reaffirmed
Parrys Sugar Industries Ltd             Proposed LT Bk     CRISIL A       290     Reaffirmed
                                        Loan Fac
Parrys Sugar Industries Ltd             TL                 CRISIL A       500     Reaffirmed
Paruthi Engineers Pvt Ltd               Foreign LOC        CRISIL BBB-    20      Assigned
Paruthi Engineers Pvt Ltd               CC                 CRISIL BBB-    50      Assigned
Purple Medical Solutions Pvt Ltd        CC                 CRISIL BB      80      Reaffirmed
Purple Medical Solutions Pvt Ltd        TL                 CRISIL BB      49      Reaffirmed
Rajan Jewellery                         CC                 CRISIL B-      100     Upgraded from
                                                                                  CRISIL D
Satya Sai Agro Industries               Proposed FB Bk     CRISIL B+      4       Assigned
                                        Limits
Satya Sai Agro Industries               LT Loan            CRISIL B+      6       Assigned
Satya Sai Agro Industries               CC                 CRISIL B+      30      Assigned
Shushrusha Citizens Co-Op. Hospital Ltd.TL                 CRISIL BB-     300     Assigned
Shyam Coal Corporation                  CC                 CRISIL B+      140     Reaffirmed
Sigma Corru Box Pvt Ltd                 WC Demand Loan     CRISIL A-      200     Reaffirmed
SNJ Distillers Pvt Ltd                  CC                 CRISIL BBB+    600     Reaffirmed
SNJ Distillers Pvt Ltd                  Proposed CC Limit  CRISIL BBB+    140     Reaffirmed
SNJ Distillers Pvt Ltd                  Proposed LT Bk     CRISIL BBB+    950     Assigned
                                        Loan Fac
Solo Metals Pvt Ltd                     CC                 CRISIL BB      175     Reaffirmed
Solo Metals Pvt Ltd                     Corporate Loan     CRISIL BB      10      Reaffirmed
Sri Sai Chandana API Pvt Ltd            Proposed LT Bk     CRISIL B       40      Assigned
                                        Loan Fac
Sri Sai Chandana API Pvt Ltd            CC                 CRISIL B       10      Assigned
Sri Sai Chandana API Pvt Ltd            LT Loan            CRISIL B       50      Assigned
Star Rewinders and Electricals          CC                 CRISIL B-      30      Assigned
Stream Ceramic Pvt Ltd                  TL                 CRISIL B+      60      Assigned
Stream Ceramic Pvt Ltd                  CC                 CRISIL B+      30      Assigned
Success Engineers                       LT Loan            CRISIL BB      38.5    Assigned
Success Engineers                       CC                 CRISIL BB      25      Assigned
The Fertilisers and Chemicals           CC                 CRISIL B+      6500    Upgraded from
Travancore Ltd                                                                    CRISIL C
Thunga Hospital Pvt Ltd                 CC                 CRISIL BB-     20      Assigned
Thunga Hospital Pvt Ltd                 LT Loan            CRISIL BB-     149     Assigned
Thunga Hospital Pvt Ltd                 Proposed LT Bk     CRISIL BB-     31      Assigned
                                        Loan Fac
Trycon Infrastructure Pvt Ltd           CC                 CRISIL BB      109     Assigned
Umang Oils Pvt Ltd                      CC                 CRISIL BB-     87.5    Reaffirmed
(Enhanced from Rs.73.3 Million)
Unity Fin-Cap Pvt Ltd                   Overdraft Fac      CRISIL B       50      Suspended
V. T. Adaskar and Company               CC                 CRISIL D       10      Downgraded
                                                                                  from CRISIL B
V. T. Adaskar and Company               TL                 CRISIL D       80      Downgraded
                                                                                  from CRISIL B
VE Jay Textile Mills                    CC                 CRISIL D       42.5    Downgraded
                                                                                  from CRISIL B+
VE Jay Textile Mills                    LT Loan            CRISIL D       38.5    Downgraded
                                                                                  from CRISIL B+
VE Jay Textile Mills                    Proposed LT Bk     CRISIL D       19      Downgraded
                                        Loan Fac                                  from CRISIL B+
Vishal Arogya Sampat                    CC                 CRISIL BB-     100     Suspended
Vishal Arogya Sampat                    Proposed LT Bk     CRISIL BB-     25      Suspended
                                        Loan Fac
Vishal Arogya Sampat                    WC Demand Loan     CRISIL BB-     15      Suspended
Vision Products Pvt Ltd                 CC                 CRISIL BB-     38      Reaffirmed
Vision Products Pvt Ltd                 Proposed LT Bk     CRISIL BB-     23.7    Reaffirmed
                                        Loan Fac
Vision Products Pvt Ltd                 TL                 CRISIL BB-     8.3     Reaffirmed
VNC Infraprojects                       Proposed LT Bk     CRISIL B+      180     Assigned
                                        Loan Fac
VNC Infraprojects                       CC                 CRISIL B+      15      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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