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CRISIL ratings for Indian debt instruments-Dec 29
December 29, 2016 / 6:33 AM / 9 months ago

CRISIL ratings for Indian debt instruments-Dec 29

Dec 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 28, 2016.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aditya Precitech Pvt Ltd                LOC                CRISIL A4      32.5    Suspended
Apollo Hospitals International Ltd      Overdraft Fac      CRISIL A3+     180     Reaffirmed
Arya Filaments Pvt Ltd                  LOC                CRISIL A4      16      Suspended
Axis Bank Ltd                           CD                 CRISIL A1+     500000  Reaffirmed
(Enhanced from Rs.350.0 Billion)
B. N. Agritech Ltd                      Proposed ST Bk     CRISIL A3      350     Assigned
                                        Loan Fac
B. N. Agritech Ltd                      Inland/Import LOC  CRISIL A3      160     Assigned
Bellad and Company Pvt Ltd              BG                 CRISIL A4      15      Suspended
Bhagwan Cotton Ginners Pvt Ltd          BG                 CRISIL A4      0.9     Suspended
Bhagwati Vintrade Pvt Ltd               BG                 CRISIL A3      0.4     Assigned
Bharti Airtel Ltd                       Buyer Credit Limit CRISIL A1+     1350    Reaffirmed
Bharti Airtel Ltd                       LOC & BG           CRISIL A1+     5000    Reaffirmed
Bharti Airtel Ltd                       CP Programme       CRISIL A1+     1000    Reaffirmed
Bhavna Property Developers Ltd.         BG                 CRISIL A4+     50      Suspended
Binjusaria Metal Box Company Pvt Ltd    BG                 CRISIL A4      30      Suspended
Binjusaria Metal Box Company Pvt Ltd    LOC                CRISIL A4      60      Suspended
Cavinkare Pvt Ltd                       LOC^               CRISIL A1      115     Reaffirmed
^ Interchangeable with Buyers Credit
Creative Stylo Packs Pvt Ltd            BG                 CRISIL A4+     20      Suspended
DCB Bank Ltd                             CDs               CRISIL A1+     15000   Reaffirmed
(Enhanced from Rs.10 Billion)
DCB Bank Ltd                            ST FD              CRISIL A1+     -       Reaffirmed
Diamond Nuts                            Packing Credit     CRISIL A4      230     Assigned
Eastern Power Distribution Company of   LOC                CRISIL A4+     1000    Upgraded from
Andhra Pradesh Ltd                                                                CRISIL A4
Ethos Ltd                               BG                 CRISIL A3      6       Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Ethos Ltd                               LOC & BG           CRISIL A3      47.5    Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Evergreen Publications India Ltd        BG                 CRISIL A3      30      Reaffirmed
Evergreen Publications India Ltd        Overdraft Fac#     CRISIL A3      292.5   Reaffirmed
*Includes sub-limits for foreign bank guarantee/domestic bank guarantee/foreign letter of
credit/inland letter of credit/packing credit/packing credit in foreign currency/foreign bill
discounting/foreign bill usance discounting/direct recourse under letter of credit of Rs 20
million
G. O. Steel Pvt Ltd                     BG                 CRISIL A4+     65      Suspended
Ganpati Minetech Pvt Ltd                BG                 CRISIL A4      2.5     Notice of
                                                                                  Withdrawal
Garg Ispat Udyog Ltd                    LOC                CRISIL A4      30      Suspended
Goldman Sachs India Securities Pvt Ltd  CP Programme       CRISIL A1+     20000   Reaffirmed
Grace Manufacturing And Trading Company BG                 CRISIL A4      50      Assigned
Gruh Finance Ltd                        ST Debt Programme  CRISIL A1+     55000   Reaffirmed
Indira Securities Pvt Ltd               BG                 CRISIL         220     notice of
                                                           A4+(Notice of          withdrawal
                                                           Withdrawal)
Indra Hosiery Mills                     Inland/Import LOC  CRISIL A4+     15      Suspended
J.J.Glastronics Pvt Ltd                 BG                 CRISIL A4+     5       Suspended
J.J.Glastronics Pvt Ltd                 Foreign Bill       CRISIL A4+     135     Suspended
                                        Purchase
J.J.Glastronics Pvt Ltd                 Packing Credit     CRISIL A4+     80      Suspended
Jagdish International Pvt Ltd           BG                 CRISIL A4+     50      Assigned
JM Financial Ltd                        CP Programme       CRISIL A1+     10000   Reaffirmed
Kasturi Overseas                        LOC                CRISIL A4      50      Suspended
Kasturi Overseas                        Proposed LOC       CRISIL A4      50      Suspended
Kimplas Piping Systems Ltd              Post Shipment      CRISIL A3      60      Assigned
                                        Credit
Kimplas Piping Systems Ltd              Inland/Import LOC  CRISIL A3      85      Assigned
Kimplas Piping Systems Ltd              Bill Discounting   CRISIL A3      50      Assigned
                                        under LOC
Kovai Medical Center Research and       Overdraft Fac      CRISIL A2      25      Assigned
Educational Trust
Magma Fincorp Ltd                       ST Debt Programme  CRISIL A1+     10000   Reaffirmed
Magma Housing Finance                   ST Debt Programme  CRISIL A1+     7000    Reaffirmed
Manoj Kumar Kedia                       BG                 CRISIL A4      50      Assigned
Matrix Therapeutics Pvt Ltd             BG                 CRISIL A4+     30      Assigned
Metropolitan Equipments and Consultants BG                 CRISIL A4+     40      Assigned
Pvt Ltd
NGL Fine Chem Ltd                       LOC                CRISIL A3+     48      Upgraded from
                                                                                  CRISIL A3
NGL Fine Chem Ltd                       Packing Credit     CRISIL A3+     80      Upgraded from
                                                                                  CRISIL A3
Northern Power Distribution Company of  LOC                CRISIL A4+     1000    Upgraded from
Telangana Ltd                                                                     CRISIL A4
Nova Publications                       BG$                CRISIL A3      50      Reaffirmed
$ Include sublimit LC of Rs.50 Million
Nova Publications and Printers Pvt Ltd  BG                 CRISIL A3      5       Reaffirmed
P L Raju Constructions Ltd              BG                 CRISIL A2      2380    Reaffirmed
Paramount Impex                         Packing Credit     CRISIL A4+     77.5    Assigned
Pumarth Commodities Pvt Ltd             BG                 CRISIL A4+     100     Reaffirmed
Rangineni Steel Pvt Ltd                 BG                 CRISIL A4+     5       Assigned
Ravi Industries                         LOC                CRISIL A4+     42.5    Assigned
Regal Transcore Laminations Pvt Ltd     Bill Discounting   CRISIL A4      20      Reaffirmed
Regal Transcore Laminations Pvt Ltd     LOC                CRISIL A4      110     Reaffirmed

Regal Transcore Laminations Pvt Ltd     Proposed ST Bk     CRISIL A4      30      Reaffirmed
                                        Loan Fac
Reliance Home Finance Ltd               ST Debt Programme  CRISIL A1+     15000   Reaffirmed
RVN Infra Pvt Ltd                       BG                 CRISIL A4      210     Reaffirmed
RVN Infra Pvt Ltd                       Overdraft Fac      CRISIL A4      60      Reaffirmed
Sam Industrial Enterprises Ltd          BG                 CRISIL A4      10      Suspended
Sam Industrial Enterprises Ltd          Overdraft Fac      CRISIL A4      15      Suspended
Score Information Technologies Ltd      BG                 CRISIL A4+     50      Suspended
Score Information Technologies Ltd      Foreign LOC        CRISIL A4+     100     Suspended
Shree Krishan Co (Manufacturers) Pvt LtdBG                 CRISIL A4      7.5     Suspended
Shri Amman Steel and Alied Industries   Bill Discounting   CRISIL A3      10      Reaffirmed
Pvt Ltd
Shri Amman Steel and Alied Industries   LOC                CRISIL A3      50      Reaffirmed
Pvt Ltd
Shri Vishnu Eatables India Ltd          Packing Credit in  CRISIL A4+     1000    Assigned
                                        Foreign Currency
Shri Vishnu Overseas Pvt Ltd            Packing Credit     CRISIL A4+     300     Assigned
SKD Rice Industries Pvt Ltd             BG                 CRISIL A4      5       Reaffirmed
Sri Lakshmi Venkata Ramana Raw & Boiled Overdraft Fac      CRISIL A4      20      Assigned
Rice Mill
Sri Ram Technopack Pvt Ltd              Inland Guarantees  CRISIL A4      1.6     Suspended
Sundaram Mutual Fund                    Proposed ST Bk     CRISIL A1+     10000   Reaffirmed
                                        Loan Fac
Sundaram Mutual Fund                    ST Bk Fac          CRISIL A1+     15000   Reaffirmed
Sunfame Ceramic Pvt Ltd                 BG                 CRISIL A4      6       Suspended
Super Disco Ispat Pvt. Ltd              BG                 CRISIL A4      20      Suspended
Super Disco Ispat Pvt. Ltd              LOC                CRISIL A4      20      Suspended
Suzuki Suitings Pvt Ltd                 Inland/Import LOC  CRISIL A4      30      Suspended
The Asian Traders India                 Bill Purchase -    CRISIL A3+     670     Reaffirmed
                                        Discounting Fac
The South Indian Bank Ltd               ST FD              CRISIL A1+     -       Reaffirmed
Titagarh Wagons Ltd                     LOC & BG           CRISIL A1      6000    Reaffirmed
Udasee Stampings Pvt Ltd                Bill Discounting   CRISIL A4      20      Reaffirmed
Udasee Stampings Pvt Ltd                LOC                CRISIL A4      90      Reaffirmed
Udasee Stampings Pvt Ltd                Proposed ST Bk     CRISIL A4      30      Reaffirmed
                                        Loan Fac
Ved Parkash and Sons                    BG                 CRISIL A3      10      Reaffirmed
Vignans Foundation For Science          Overdraft Fac      CRISIL A3+     145     Assigned
Technology And Research
Vijay Transtech Pvt Ltd                 BG                 CRISIL A4+     12.5    Reaffirmed
Vijay Transtech Pvt Ltd                 LOC                CRISIL A4+     12.5    Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Ethos Ltd                               FD                 FA-            128.7   Reaffirmed
Gruh Finance Ltd                        FD Programme       FAAA           -       Reaffirmed


LONG TERM RATINGS:
-------------------
Adarsha Control Systems Pvt. Ltd        Bill Discounting   CRISIL BB-     20      Reaffirmed
Adarsha Control Systems Pvt. Ltd        Open CC            CRISIL BB-     55      Reaffirmed
Aditya Precitech Pvt Ltd                CC                 CRISIL B+      25      Suspended
Aditya Precitech Pvt Ltd                LT Loan            CRISIL B+      9       Suspended
Aman Enterprises                        CC                 CRISIL B       12      Suspended
A-One Tex Tech Pvt Ltd                  CC                 CRISIL D       65      Suspended
A-One Tex Tech Pvt Ltd                  Proposed LT Bk     CRISIL D       65      Suspended
                                        Loan Fac
A-One Tex Tech Pvt Ltd                  TL                 CRISIL D       55      Suspended
Apollo Hospitals International Ltd      Proposed LT Bk     CRISIL BBB     150     Reaffirmed
                                        Loan Fac
Apollo Hospitals International Ltd      TL                 CRISIL BBB     770     Reaffirmed
Apurva Biopharm Inc                     BG                 CRISIL D       5       Suspended
Apurva Biopharm Inc                     CC                 CRISIL D       5       Suspended
Apurva Biopharm Inc                     LOC                CRISIL D       10      Suspended
Apurva Biopharm Inc                     Packing Credit     CRISIL D       35      Suspended
Apurva Biopharm Inc                     Proposed LT Bk     CRISIL D       5.4     Suspended
                                        Loan Fac
Apurva Biopharm Inc                     Standby LOC        CRISIL D       6       Suspended
Apurva Biopharm Inc                     TL                 CRISIL D       3.6     Suspended
Apurva Biosciences Pvt Ltd              CC                 CRISIL D       10      Suspended
Apurva Biosciences Pvt Ltd              Proposed LT Bk     CRISIL D       70.5    Suspended
                                        Loan Fac
Apurva Biosciences Pvt Ltd              TL                 CRISIL D       149.5   Suspended
Arun Mathew                             CC                 CRISIL B       50      Assigned
Arun Mathew                             LT Loan            CRISIL B       10      Assigned
Arun Rega Bakery Machineries Pvt Ltd    CC                 CRISIL BB-     75      Reaffirmed
Arya Filaments Pvt Ltd                  CC                 CRISIL B+      79      Suspended
Aryan Hospital                          CC                 CRISIL D       3       Assigned
Aryan Hospital                          TL                 CRISIL D       66      Assigned
Asha Educational and Cultural Society   TL                 CRISIL BB      44.9    Suspended
Avinash Tobaccos                        CC                 CRISIL B+      50      Suspended
Axis Bank Ltd                           Tier I Bonds       CRISIL AA      35000   Reaffirmed
                                        Issue  (Under
                                        Basel III)
Axis Bank Ltd                           Infrastructure     CRISIL AAA     32050   Reaffirmed
                                        Bonds
Axis Bank Ltd                            Tier II Bonds     CRISIL AAA     20000   Reaffirmed
                                        Issue (Under Basel
                                        III)
Axis Bank Ltd                            Tier II Bonds     CRISIL AAA     25000   Reaffirmed
                                        Issue (Under Basel
                                        III)
Axis Bank Ltd                           Tier II Bonds      CRISIL AAA     8500    Reaffirmed
                                        Issue (Under Basel
                                        III)
Axis Bank Ltd                           Infrastructure     CRISIL AAA     50000   Reaffirmed
                                        Bonds Issue
Axis Bank Ltd                           Infrastructure     CRISIL AAA     60000   Reaffirmed
                                        Bonds Issue
B. N. Agritech Ltd                      Proposed LT Bk     CRISIL BBB-    22      Assigned
                                        Loan Fac
B. N. Agritech Ltd                      CC                 CRISIL BBB-    68      Assigned
B. S. Innovations                       Standby Line of    CRISIL B+      10      Assigned
                                        Credit
B. S. Innovations                       Proposed WC Fac    CRISIL B+      5       Assigned
B. S. Innovations                       Export Packing     CRISIL B+      30      Assigned
                                        Credit
B. S. Innovations                       Bill Discounting   CRISIL B+      25      Assigned
B. S. Innovations                       CC                 CRISIL B+      20      Assigned
Balar Fabrics Pvt Ltd                   CC                 CRISIL BB      200     Suspended
Bellad and Company Pvt Ltd              CC                 CRISIL B+      110     Suspended
Bellad and Company Pvt Ltd              Proposed LT Bk     CRISIL B+      19      Suspended
                                        Loan Fac
Bellad and Company Pvt Ltd              TL                 CRISIL B+      104.2   Suspended
Bhagwan Cotton Ginners Pvt Ltd          CC                 CRISIL B+      80      Suspended
Bhagwan Cotton Ginners Pvt Ltd          Proposed LT Bk     CRISIL B+      64.1    Suspended
                                        Loan Fac
Bhagwan Cotton Ginners Pvt Ltd          TL                 CRISIL B+      15      Suspended
Bhagwati Vintrade Pvt Ltd               Proposed LT Bk     CRISIL BBB-    23.5    Assigned
                                        Loan Fac
Bhagwati Vintrade Pvt Ltd               LT Loan            CRISIL BBB-    43.6    Assigned
Bhagwati Vintrade Pvt Ltd               CC                 CRISIL BBB-    142.5   Assigned
Bharti Airtel Ltd                       CC                 CRISIL AA+     3850    Reaffirmed
Bharti Airtel Ltd                       LOC & BG           CRISIL AA+     14180   Reaffirmed
Bharti Airtel Ltd                        NCDs              CRISIL AA+     2725    Reaffirmed
Bhavna Property Developers Ltd.         CC                 CRISIL BB-     120     Suspended
Bhumika Gems                            Export Packing     CRISIL BB      65      Upgraded from
                                        Credit                                    CRISIL BB-
Bhumika Gems                            Post Shipment      CRISIL BB      145     Upgraded from
                                        Credit                                    CRISIL BB-
Bhumika Gems                            Proposed LT Bk     CRISIL BB      40      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Binjusaria Metal Box Company Pvt Ltd    CC                 CRISIL B+      90      Suspended
Binjusaria Metal Box Company Pvt Ltd    Proposed LT Bk     CRISIL B+      50      Suspended
                                        Loan Fac
Capital propmart Pvt Ltd                TL                 CRISIL B+      95      Assigned
Cavinkare Pvt Ltd                       CC*                CRISIL A       697.5   Reaffirmed
*Interchangeable with Short-Term Loans
Cavinkare Pvt Ltd                       Proposed LT Bk     CRISIL A       437.5   Reaffirmed
                                        Loan Fac
Chakravarthy Fabric Pvt Ltd             Rupee TL           CRISIL B       148.5   Reaffirmed
Creative Stylo Packs Pvt Ltd            CC                 CRISIL BB-     60      Suspended
Creative Stylo Packs Pvt Ltd            External           CRISIL BB-     210     Suspended
                                        Commercial
                                        Borrowings
Creative Stylo Packs Pvt Ltd            Proposed LT Bk     CRISIL BB-     62.5    Suspended
                                        Loan Fac
Creative Stylo Packs Pvt Ltd            TL                 CRISIL BB-     127.5   Suspended
Dairy Ice Cream and Frozen Foods Pvt LtdCC                 CRISIL B-      20      Suspended
Dairy Ice Cream and Frozen Foods Pvt LtdLT Loan            CRISIL B-      70      Suspended
Dayakar Enterprises                     CC                 CRISIL B+      50      Suspended
Dayakar Enterprises                     Proposed LT Bk     CRISIL B+      5       Suspended
                                        Loan Fac
Devi Corporation Pvt Ltd                CC                 CRISIL BB-     400     Suspended
Dhanraj Cotton Industries               CC                 CRISIL BB-     55.1    Suspended
Dhanraj Cotton Industries               TL                 CRISIL BB-     24.9    Suspended
Diamond Nuts                            Proposed LT Bk     CRISIL B+      30      Assigned
                                        Loan Fac
Diamond Nuts                            Foreign Bill       CRISIL B+      40      Assigned
                                        Discounting
Eastern Power Distribution Company of   CC                 CRISIL BB+     330     Upgraded from
Andhra Pradesh Ltd                                                                CRISIL BB
Eastern Power Distribution Company of   Rupee TL           CRISIL BB+     3701.8  Upgraded from
Andhra Pradesh Ltd                                                                CRISIL BB
Ethos Ltd                               CC*                CRISIL BBB-    510     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
 *Interchangeable with non-fund-based facility to the extent of Rs 40 million
Ethos Ltd                               Proposed LT Bk     CRISIL BBB-    36.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Evergreen Publications India Ltd        CC*                CRISIL BBB-    186.3   Reaffirmed
*Includes sub-limits for foreign bank guarantee/domestic bank guarantee/foreign letter of
credit/inland letter of credit/packing credit/packing credit in foreign currency/foreign bill
discounting/foreign bill usance discounting/direct recourse under letter of credit of Rs 20
million
Evergreen Publications India Ltd        Proposed CC Limit  CRISIL BBB-    90      Reaffirmed
Evergreen Publications India Ltd        TL                 CRISIL BBB-    13.1    Reaffirmed
G. J. Agro Industries                   CC                 CRISIL B       45      Suspended
G. J. Agro Industries                   Proposed LT Bk     CRISIL B       55      Suspended
                                        Loan Fac
G. O. Steel Pvt Ltd                     CC                 CRISIL BB-     15      Suspended
G. O. Steel Pvt Ltd                     Proposed LT Bk     CRISIL BB-     35      Suspended
                                        Loan Fac
G. S. Distributors Ltd                  CC                 CRISIL BB-     190     Suspended
G. S. Distributors Ltd                  WC TL              CRISIL BB-     10      Suspended
Ganpati Minetech Pvt Ltd                CC                 CRISIL B+      10      Notice of
                                                                                  Withdrawal
Ganpati Minetech Pvt Ltd                Proposed LT Bk     CRISIL B+      62.5    Notice of
                                        Loan Fac                                  Withdrawal
Garg Ispat Udyog Ltd                    CC                 CRISIL B       70      Suspended
Garg Ispat Udyog Ltd                    Proposed LT Bk     CRISIL B       20      Suspended
                                        Loan Fac
Grace Manufacturing And Trading Company Proposed CC Limit  CRISIL B+      15      Assigned
Grace Manufacturing And Trading Company CC                 CRISIL B+      50      Assigned
GRG Trust                               TL                 CRISIL BBB     125     Upgraded from
                                                                                  CRISIL BBB-
Gruh Finance Ltd                        NCD Issue          CRISIL AAA     1150    Assigned
Gruh Finance Ltd                        NCD                CRISIL AAA     13500   Reaffirmed
Gruh Finance Ltd                        Subordinated Debt  CRISIL AAA     350     Reaffirmed
                                        Issue
(Reduced from Rs.1.5 Billion)
ICICI Prudential Income                 Opportunities Fund CRISIL AAAmfs  -       Reaffirmed
ICICI Prudential Income                 Income Fund        CRISIL AAAmfs  -       Reaffirmed
Indra Hosiery Mills                     CC                 CRISIL BB      39      Suspended
Indra Hosiery Mills                     Proposed LT Bk     CRISIL BB      16      Suspended
                                        Loan Fac
Jadhao Layland Pvt Ltd                  WC Fac             CRISIL B+      50      Suspended
Jagdish Cotton Industries Pvt Ltd       CC                 CRISIL B+      180     Suspended
Jagdish Cotton Industries Pvt Ltd       LT Loan            CRISIL B+      29.4    Suspended
Jagdish International Pvt Ltd           Proposed WC Fac    CRISIL BB-     42.5    Assigned
Jagdish International Pvt Ltd           CC                 CRISIL BB-     87.5    Assigned
Jyoti Threads India Ltd                 CC                 CRISIL BB      62      Suspended
Jyoti Threads India Ltd                 Proposed LT Bk     CRISIL BB      34.6    Suspended
                                        Loan Fac
Jyoti Threads India Ltd                 TL                 CRISIL BB      143.4   Suspended
K.P.R. Pipes Pvt Ltd                    CC                 CRISIL B+      30      Suspended
K.P.R. Pipes Pvt Ltd                    LT Loan            CRISIL B+      10      Suspended
K.P.R. Pipes Pvt Ltd                    Proposed LT Bk     CRISIL B+      60      Suspended
                                        Loan Fac
Kamal Agro Industries                   CC                 CRISIL B       90      Reaffirmed
Kamal Agro Industries                   Proposed LT Bk     CRISIL B       29      Reaffirmed
                                        Loan Fac
Kamal Agro Industries                   TL                 CRISIL B       21      Reaffirmed
Kapsun Resources Corporation            CC                 CRISIL BB-     46      Reaffirmed
Kapsun Resources Corporation            Proposed LT Bk     CRISIL BB-     34      Reaffirmed
                                        Loan Fac
Kasturi Developers                      CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Kasturi Developers                      TL                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B+
Kasturi Overseas                        CC                 CRISIL B+      12.5    Suspended
Kasturi Overseas                        Proposed CC Limit  CRISIL B+      12.5    Suspended
Kimplas Piping Systems Ltd              Proposed LT Bk     CRISIL BBB-    105     Assigned
                                        Loan Fac
Kimplas Piping Systems Ltd              CC                 CRISIL BBB-    150     Assigned
Kovai Medical Center Research and       LT Loan            CRISIL BBB+    235     Assigned
Educational Trust
Mangalore Marketing                     CC                 CRISIL BB-     90      Assigned
Manoj Kumar Kedia                       CC                 CRISIL B+      10      Assigned
Matrix Therapeutics Pvt Ltd             CC                 CRISIL BB      70      Assigned
Metropolitan Equipments and Consultants CC                 CRISIL BB-     40      Assigned
Pvt Ltd
NGL Fine Chem Ltd                       CC                 CRISIL BBB     80      Upgraded from
                                                                                  CRISIL BBB-
NGL Fine Chem Ltd                       Proposed LT Bk     CRISIL BBB     122.9   Upgraded from
                                        Loan Fac                                  CRISIL BBB-
NGL Fine Chem Ltd                       TL                 CRISIL BBB     178     Upgraded from
                                                                                  CRISIL BBB-
Northern Power Distribution Company of  CC                 CRISIL BB      1500    Reaffirmed
Telangana Ltd
Northern Power Distribution Company of  Rupee TL           CRISIL BB      10849.5 Reaffirmed
Telangana Ltd
Nova Publications                       CC*                CRISIL BBB-    188.4   Reaffirmed
*Include sublimit-foreign bank guarantee/domestic bank guarantee/foreign letter of credit/inland
letter of credit/packing credit/packing credit in foreign currency/foreign bill
discounting/foreign bill usance discounting/direct recourse under letter of credit of Rs.50
Million
Nova Publications                       CC#                CRISIL BBB-    217.5   Reaffirmed
# Include sublimit working capital demand loan of Rs.170 Million
Nova Publications                       Proposed CC Limit  CRISIL BBB-    56.1    Reaffirmed
Nova Publications                       TL                 CRISIL BBB-    11      Reaffirmed
Nova Publications and Printers Pvt Ltd  CC*                CRISIL BBB-    120     Reaffirmed
* Include sublimit letter of credit of Rs.10 Million
Nova Publications and Printers Pvt Ltd  Proposed CC Limit  CRISIL BBB-    20      Reaffirmed
Nova Publications and Printers Pvt Ltd  Proposed LT Bk     CRISIL BBB-    16.5    Reaffirmed
                                        Loan Fac
Nova Publications and Printers Pvt Ltd  Standby LOC        CRISIL BBB-    30      Reaffirmed
Nova Publications and Printers Pvt Ltd  TL                 CRISIL BBB-    108.5   Reaffirmed
P L Raju Constructions Ltd              CC                 CRISIL BBB+    10      Reaffirmed
P L Raju Constructions Ltd              Overdraft Fac      CRISIL BBB+    320     Reaffirmed
Paramount Impex                         Bill Discounting   CRISIL BB-     55      Assigned
Paramount Impex                         CC                 CRISIL BB-     7.5     Assigned
Proodle Hospitality Services Pvt Ltd    CC                 CRISIL B+      50      Assigned
R. K. Cotgin and Pressing Industries    CC                 CRISIL B+      55      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
R. K. Cotgin and Pressing Industries    LT Loan            CRISIL B+      35.1    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
R. K. Cotgin and Pressing Industries    Proposed LT Bk     CRISIL B+      34.9    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Rangineni Steel Pvt Ltd                 Overdraft Fac      CRISIL BB      70      Assigned
Rangineni Steel Pvt Ltd                 Proposed LT Bk     CRISIL BB      131     Assigned
                                        Loan Fac
Rangineni Steel Pvt Ltd                 TL                 CRISIL BB      49      Assigned
Rattan Rice Mills                       TL                 CRISIL B+      20.5    Assigned
Rattan Rice Mills                       CC                 CRISIL B+      55      Assigned
Rattan Rice Mills                       Proposed LT Bk     CRISIL B+      14.5    Assigned
                                        Loan Fac
Ravi Industries                         CC                 CRISIL BB-     40      Assigned
Regal Transcore Laminations Pvt Ltd     CC                 CRISIL B+      87.5    Upgraded from
                                                                                  CRISIL B
Regal Transcore Laminations Pvt Ltd     Proposed LT Bk     CRISIL B+      30      Upgraded from
                                        Loan Fac                                  CRISIL B
Sam Industrial Enterprises Ltd          CC                 CRISIL B-      75      Suspended
Sam Industrial Enterprises Ltd          Proposed LT Bk     CRISIL B-      25      Suspended
                                        Loan Fac
Satyam Industries                       CC                 CRISIL D       137     Suspended
Satyam Industries                       TL                 CRISIL D       51.2    Suspended
Score Information Technologies Ltd      CC                 CRISIL BB      55      Suspended
Score Information Technologies Ltd      Proposed LT Bk     CRISIL BB      15      Suspended
                                        Loan Fac
Shankheshwar Enterprises                CC                 CRISIL B+      50      Suspended
Shankheshwar Enterprises                Proposed LT Bk     CRISIL B+      30      Suspended
                                        Loan Fac
Shree Gopal Industries                  CC                 CRISIL BB      15      Suspended
Shree Gopal Industries                  TL                 CRISIL BB      52.5    Suspended
Shree Grand Automotives Pvt Ltd         CC                 CRISIL BB-     60      Suspended
Shree Grand Automotives Pvt Ltd         Proposed LT Bk     CRISIL BB-     14      Suspended
                                        Loan Fac
Shree Grand Automotives Pvt Ltd         TL                 CRISIL BB-     9       Suspended
Shree Kankeshwari Agro Pvt Ltd          CC                 CRISIL B+      200     Suspended
Shree Krishan Co (Manufacturers) Pvt LtdCC                 CRISIL B       46      Suspended
Shree Krishan Co (Manufacturers) Pvt LtdProposed LT Bk     CRISIL B       12      Suspended
                                        Loan Fac
Shree Krishan Co (Manufacturers) Pvt LtdTL                 CRISIL B       154.5   Suspended
Shree Pushkar Construction Co.          TL                 CRISIL BB-     75      Suspended
Shri Amman Steel and Alied Industries   CC                 CRISIL BBB-    130     Reaffirmed
Pvt Ltd
Shri Vishnu Eatables India Ltd          CC                 CRISIL BB+     800     Assigned
Shri Vishnu Eatables India Ltd          Export Packing     CRISIL BB+     200     Assigned
                                        Credit
Shri Vishnu Eatables India Ltd          Foreign Bill       CRISIL BB+     300     Assigned
                                        Purchase
Shri Vishnu Overseas Pvt Ltd            CC                 CRISIL BB+     550     Assigned
Shri Vishnu Overseas Pvt Ltd            Export Packing     CRISIL BB+     200     Assigned
                                        Credit
Shri Vishnu Overseas Pvt Ltd            Foreign Bill       CRISIL BB+     200     Assigned
                                        Purchase
Shyam Hatcheries                        CC                 CRISIL BB-     55      Assigned
Shyam Hatcheries                        TL                 CRISIL BB-     45      Assigned
SKD Rice Industries Pvt Ltd             CC                 CRISIL B       15      Reaffirmed
SKD Rice Industries Pvt Ltd             TL                 CRISIL B       45      Reaffirmed
Solid Stone Co. Ltd                     CC                 CRISIL BB+     138     Reaffirmed
Sona Wheels Pvt Ltd                     CC                 CRISIL BB      95      Suspended
Southern Power Distribution Company of  CC                 CRISIL BB      230.3   Reaffirmed
Andhra Pradesh Ltd
Southern Power Distribution Company of  Rupee TL           CRISIL BB      30669.7 Reaffirmed
Andhra Pradesh Ltd
Sri Anantha Padmanabha Swamy Pharma Pvt CC                 CRISIL B       6       Suspended
Ltd
Sri Anantha Padmanabha Swamy Pharma Pvt LT Loan            CRISIL B       50      Suspended
Ltd
Sri Anantha Padmanabha Swamy Pharma Pvt Proposed LT Bk     CRISIL B       4       Suspended
Ltd                                     Loan Fac
Sri Jagannadha Surya Lakshmi Rice Mill  Key CC             CRISIL B+      30      Suspended
Sri Jagannadha Surya Lakshmi Rice Mill  Open CC            CRISIL B+      70      Suspended
Sri Lakshmi Agro Farms                  CC                 CRISIL B-      4.8     Suspended
Sri Lakshmi Agro Farms                  LT Loan            CRISIL B-      43.5    Suspended
Sri Lakshmi Agro Farms                  Proposed LT Bk     CRISIL B-      21.7    Suspended
                                        Loan Fac
Sri Lakshmi Venkata Ramana Raw & Boiled CC                 CRISIL B+      100     Assigned
Rice Mill
Sri Raghavendra Agro Products           CC                 CRISIL BB-     150     Suspended
Sri Ram Technopack Pvt Ltd              CC                 CRISIL B       50      Suspended
Sri Ram Technopack Pvt Ltd              TL                 CRISIL B       28.4    Suspended
SS Aluminium Pvt Ltd                    CC                 CRISIL B       35      Assigned
SS Aluminium Pvt Ltd                    LT Loan            CRISIL B       63.2    Assigned
Style N Supply Pvt Ltd                  BG                 CRISIL D       5       Suspended
Style N Supply Pvt Ltd                  CC                 CRISIL D       85      Suspended
Suma Refinaries Pvt Ltd                 CC                 CRISIL D       25      Suspended
Suma Refinaries Pvt Ltd                 LT Loan            CRISIL D       50      Suspended
Suma Refinaries Pvt Ltd                 Proposed LT Bk     CRISIL D       25      Suspended
                                        Loan Fac
Sunfame Ceramic Pvt Ltd                 CC                 CRISIL B+      15      Suspended
Sunfame Ceramic Pvt Ltd                 Proposed LT Bk     CRISIL B+      37.5    Suspended
                                        Loan Fac
Sunfame Ceramic Pvt Ltd                 TL                 CRISIL B+      43.5    Suspended
Sunshine Cars Pvt Ltd                   CC                 CRISIL B-      70      Suspended
Sunshine Cars Pvt Ltd                   LT Loan            CRISIL B-      11      Suspended
Sunshine Cars Pvt Ltd                   Proposed LT Bk     CRISIL B-      19      Suspended
                                        Loan Fac
Super Disco Ispat Pvt. Ltd              CC                 CRISIL B       40      Suspended
Super Disco Ispat Pvt. Ltd              Proposed LT Bk     CRISIL B       20      Suspended
                                        Loan Fac
Super Fine Rice Industries              CC                 CRISIL B       150     Assigned
Surendra Steels Pvt Ltd                 CC                 CRISIL BB      122.5   Suspended
Surendra Steels Pvt Ltd                 Channel Financing  CRISIL BB      130     Suspended
Surendra Steels Pvt Ltd                 LT Loan            CRISIL BB      27.5    Suspended
Suryateja Power Projects Pvt Ltd        CC                 CRISIL B+      21.3    Suspended
Suryateja Power Projects Pvt Ltd        LT Loan            CRISIL B+      24      Suspended
Suzuki Suitings Pvt Ltd                 CC                 CRISIL B+      140     Suspended
Suzuki Suitings Pvt Ltd                 TL                 CRISIL B+      75      Suspended
Swadisht Oils Pvt Ltd                   Proposed CC Limit  CRISIL B       150     Assigned
Titagarh Wagons Ltd                     CC                 CRISIL A+      1400    Reaffirmed
Udasee Stampings Pvt Ltd                CC                 CRISIL B+      72.5    Upgraded from
                                                                                  CRISIL B
Udasee Stampings Pvt Ltd                Proposed LT Bk     CRISIL B+      30      Upgraded from
                                        Loan Fac                                  CRISIL B
Ved Parkash and Sons                    CC*                CRISIL BBB-    60      Reaffirmed
  * Include sublimit Invoice bill purchase/invoice bills discounting of Rs10 million
Ved Parkash and Sons                    Proposed CC Limit  CRISIL BBB-    10      Reaffirmed
Ved Parkash and Sons                    Standby LOC        CRISIL BBB-    20      Reaffirmed
Vignans Foundation For Science          LT Loan            CRISIL BBB     300     Assigned
Technology And Research
Vijay Transtech Pvt Ltd                 CC                 CRISIL BB      35      Reaffirmed
Vijay Transtech Pvt Ltd                 Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        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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