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CRISIL ratings for Indian debt instruments-Apr 27
April 27, 2017 / 6:28 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Apr 27

    Apr 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 26, 2017.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ajanta Packaging                        BG                 CRISIL A4+     5       Reaffirmed
Ajanta Packaging                        LOC*               CRISIL A4+     50      Reaffirmed
* Interchagaeable with CC limit upto Rs.3.5 crore
Ambertex Sekhsaria Exports              BG                 CRISIL A4      0.2     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ambertex Sekhsaria Exports              LOC                CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ambertex Sekhsaria Exports              Packing Credit     CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Arcon Project Pvt Ltd                   BG                 CRISIL A4+     79.5    Reaffirmed
Arix Ceramic Industries                 BG                 CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
Art N Glass Inc.                        BG                 CRISIL A3+     2.1     Reaffirmed
Art N Glass Inc.                        LOC                CRISIL A3+     8       Reaffirmed
Axsys Solutions                         BG                 CRISIL A4      50      Reaffirmed
Axsys Solutions                         LOC                CRISIL A4      62.5    Reaffirmed
Axsys Solutions                         Standby Line of    CRISIL A4      5       Reaffirmed
                                        Credit
Bhadresh Natural Resources Pvt Ltd      LOC                CRISIL A4      160     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Chhotanagpur Rope Works Pvt Ltd         Derivatives Fac    CRISIL A4      4.2     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Chhotanagpur Rope Works Pvt Ltd         LOC                CRISIL A4      8.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Coast to Coast Designs Pvt Ltd          Bill Discounting   CRISIL A4+     20      Reaffirmed
                                        under LOC
Coast to Coast Designs Pvt Ltd          Inland/Import LOC  CRISIL A4+     100     Reaffirmed
Crest Composites and Plastics Pvt Ltd   LOC                CRISIL A2      130     Upgraded from
                                                                                  CRISIL A3+
DACC International Pvt Ltd              Inland/Import LOC  CRISIL A4      150     Reaffirmed
(Issuer Not Cooperating)
Danieli India Ltd                       BG                 CRISIL A2      3400    Reaffirmed
Danieli India Ltd                       LOC                CRISIL A2      2000    Reaffirmed
Drishti Lifestyle                       Packing Credit     CRISIL A4      80      Reaffirmed
Ebro India Pvt Ltd                      Packing Credit in  CRISIL A1      4600    Assigned
                                        Foreign Currency
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     30000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     40000   Withdrawal
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     20000   Withdrawal
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt            CRISIL A1+     70000   Reaffirmed
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     35000   Assigned
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     35000   Withdrawal
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     10000   Withdrawal
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     20000   Withdrawal
Edelweiss Financial Services Ltd        ST Debt            CRISIL A1+     63500   Withdrawal
Faith Buildtech Pvt Ltd                 BG                 CRISIL A4      900     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
G. S. Pharmbutor Pvt Ltd                BG                 CRISIL A3+     10      Reaffirmed
G. S. Pharmbutor Pvt Ltd                Bill Discounting   CRISIL A3+     470     Reaffirmed
G. S. Pharmbutor Pvt Ltd                LOC                CRISIL A3+     155     Reaffirmed
Galaxy Mica Pvt Ltd                     Foreign Exchange   CRISIL A4      0.5     Reaffirmed
                                        Forward
Gautam Industrial Corporation Pvt Ltd   BG                 CRISIL A4      23      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Gautam Industrial Corporation Pvt Ltd   LOC                CRISIL A4      20      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Govardhan Cars Pvt Ltd                  Inventory Funding  CRISIL A4      40      Reaffirmed
                                        Fac
Gulzar Motors Pvt Ltd                   BG                 CRISIL         25      Downgraded
                                                           A4 (Issuer Not         from CRISIL
                                                           Cooperating)           A4+
Haritasa Checkmate Electronics Pvt Ltd  BG                 CRISIL A4      30      Downgraded
                                                                                  from CRISIL
                                                                                  A4+

(Issuer Not Cooperating)
Haro Gouri Agro Products                BG                 CRISIL A4      5       Reaffirmed
Holly Offshore Logistics Ltd            BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
INFINA Finance Pvt Ltd                  CP Issue*          CRISIL A1+     35000   Assigned
INFINA Finance Pvt Ltd                  CP Issue*          CRISIL A1+     35000   Reaffirmed
INFINA Finance Pvt Ltd                  ST Debt            CRISIL A1+     4500    Reaffirmed
INFINA Finance Pvt Ltd                  CP Issue*          CRISIL A1+     10000   Reaffirmed
Jaksons Developers Pvt Ltd              BG                 CRISIL A4+     97.7    Reaffirmed
Jamna Metal Co.                         BG                 CRISIL A4      16.7    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Japan Metal Building System Pvt Ltd     Letter Of GuaranteeCRISIL A4      55      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Japan Metal Building System Pvt Ltd     LOC                CRISIL A4      45      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Japan Metal Building System Pvt Ltd     Proposed ST Bk     CRISIL A4      40      Reaffirmed
                                        Loan Fac           (Issuer Not
                                                           Cooperating)
Jayashree Electromech Pvt Ltd           LOC                CRISIL A4+     30      Assigned
Jayashree Electromech Pvt Ltd           BG                 CRISIL A4+     50      Assigned
JM Financial Capital Ltd                CP                 CRISIL A1+     10000   Assigned
JM Financial Capital Ltd                CP                 CRISIL A1+     10000   Withdrawal
JM Financial Capital Ltd                ST DEBT            CRISIL A1+     10000   Reaffirmed
                                        ((Including CP)
JSW Vallabh Tinplate Pvt Ltd            BG                 CRISIL A3+     10      Reaffirmed
K. Manikandan                           BG                 CRISIL A4      10      Assigned
Kamachi Steels Ltd                      Inland/Import LOC  CRISIL A4      50      Assigned
Karthik Enterprises                     BG                 CRISIL A4+     50      Reaffirmed
Karthik Enterprises                     Overdraft          CRISIL A4+     45      Reaffirmed
Khudiram Cold Storage Pvt Ltd           BG                 CRISIL A4      1       Reaffirmed
(Issuer Not Cooperating)
Kotak Mahindra Prime Ltd                Proposed ST Bk     CRISIL A1+     29850   Reaffirmed
                                        Loan Fac
Kotak Mahindra Prime Ltd                ST Loan            CRISIL A1+     150     Reaffirmed
Krishna Enterprises - Hyderabad         Bill Discounting   CRISIL A4      234     Downgraded
                                        under LOC                                 from CRISIL
                                                                                  A4+
Krrish Motors Pvt Ltd                   Inventory Funding  CRISIL A4+     50      Reaffirmed
                                        Fac
Lotus Wireless Technologies India Pvt   BG                 CRISIL A4      130     Downgraded
Ltd                                                                               from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   LOC                CRISIL A4      50      Downgraded
Ltd                                                                               from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
M. Ilaiah and Company                   BG                 CRISIL A4      75      Reaffirmed
Medall Healthcare Pvt Ltd               BG                 CRISIL A2+     47      Reaffirmed
Medall Healthcare Pvt Ltd               Proposed ST Bk     CRISIL A2+     125     Reaffirmed
                                        Loan Fac
Medall Healthcare Pvt Ltd               ST Bk Fac          CRISIL A2+     75      Reaffirmed
Milano Impex Pvt Ltd                    Inland/Import LOC  CRISIL A4      40      Reaffirmed
Milano Impex Pvt Ltd                    Proposed NFBL      CRISIL A4      10      Reaffirmed
Moulika Infra Developers (India) Ltd    BG                 CRISIL A4      35      Reaffirmed
Mukesh Industries Ltd                   LOC                CRISIL A3      85      Reaffirmed
Munjal Showa Ltd                        BG                 CRISIL A1+     22.5    Reaffirmed
Munjal Showa Ltd                        LOC@               CRISIL A1+     435     Reaffirmed
@Rs 30 crore as ad hoc unsecured import LC limits
N.T. Rahamathulla Khan Associates       Overdraft          CRISIL A4+     40      Reassigned
Omvir Singh                             BG                 CRISIL A4+     93      Reaffirmed
Omvir Singh                             Overdraft          CRISIL A4+     20.4    Reaffirmed
Oswal Agricomm Pvt Ltd                  LOC                CRISIL A4+     30      Reaffirmed
Safe Ceramic Pvt Ltd                    BG                 CRISIL A4      10      Reaffirmed
Sai Service Pvt Ltd                     LOC & BG           CRISIL A1      270     Reaffirmed
Sattik Exports Pvt Ltd                  LOC                CRISIL A4      10      Reaffirmed
Sattik Exports Pvt Ltd                  Packing Credit     CRISIL A4      60      Reaffirmed
Shukan Micro Mineral LLP                BG                 CRISIL A4      6       Reaffirmed
Specialty Polyfilms India Pvt Ltd       BG                 CRISIL A4+     2.5     Reaffirmed
Specialty Polyfilms India Pvt Ltd       LOC                CRISIL A4+     2.5     Reaffirmed
Ultra Tech Transmissions Pvt Ltd        BG                 CRISIL A4+     80      Reaffirmed
VNS Accessories (India) LLP             Packing Credit in  CRISIL A4      120     Reaffirmed
                                        Foreign Currency
Yamuna Cable Accessories Pvt Ltd        LOC                CRISIL A3      50      Assigned

LONG TERM RATINGS:
-------------------
A.V. Marble Palace                      CC                 CRISIL B+      70      Reaffirmed
Adarsh Jan Kalyan Evam Shiksha Samiti   Proposed FB Bk     CRISIL B       10      Reaffirmed
                                        Limits
Ajanta Packaging                        CC                 CRISIL BB+     70      Reaffirmed
Ajanta Packaging                        Proposed LT Bk     CRISIL BB+     9.6     Reaffirmed
                                        Loan Fac
Ajanta Packaging                        Rupee TL           CRISIL BB+     116     Reaffirmed
Alloy Tech                              CC                 CRISIL BB-     95      Downgraded
                                                                                  from CRISIL BB
Alloy Tech                              Proposed TL        CRISIL BB-     50      Downgraded
                                                                                  from CRISIL BB
Ambertex Sekhsaria Exports              CC                 CRISIL B       37      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Ambertex Sekhsaria Exports              Foreign Bill       CRISIL B       45      Downgraded
                                        Discounting                               from CRISIL BB
Issuer Not Cooperating
Ambertex Sekhsaria Exports              LT Loan            CRISIL B       5       Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Ambertex Sekhsaria Exports              Overdraft          CRISIL B       2.5     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Ambertex Sekhsaria Exports              Proposed LT Bk     CRISIL B       8.8     Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Amplus Solar Solutions Pvt Ltd          LT Loan            CRISIL A+      480     Assigned
Arcon Project Pvt Ltd                   CC                 CRISIL BB-     35.5    Reaffirmed
Arcon Project Pvt Ltd                   WC Demand Loan     CRISIL BB-     110     Reaffirmed
Arix Ceramic Industries                 CC                 CRISIL BB-     30      Reaffirmed
(Issuer Not Cooperating)
Arix Ceramic Industries                 TL                 CRISIL BB-     20      Reaffirmed
(Issuer Not Cooperating)
Art N Glass Inc.                        CC                 CRISIL BBB     115     Reaffirmed
Art N Glass Inc.                        Electronic Dealer  CRISIL BBB     105     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Art N Glass Inc.                        Standby Line of    CRISIL BBB     12      Reaffirmed
                                        Credit
Art N Glass Inc.                        TL                 CRISIL BBB     42.9    Reaffirmed
Axsys Solutions                         CC                 CRISIL B-      25      Reaffirmed
Axsys Solutions                         Proposed LT Bk     CRISIL B-      49.6    Reaffirmed
                                        Loan Fac
Axsys Solutions                         TL                 CRISIL B-      32.9    Assigned
Bajaj Basmati Pvt Ltd                   CC                 CRISIL D       380     Reaffirmed
Bajaj Basmati Pvt Ltd                   TL                 CRISIL D       190     Reaffirmed
Bajaj Basmati Pvt Ltd                   Warehouse FinancingCRISIL D       100     Reaffirmed
Bhadresh Natural Resources Pvt Ltd      CC                 CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Birma Industrial and Business           CC                 CRISIL BB      125     Upgraded from
Enterprise Pvt Ltd                                                                CRISIL BB-
Birma Industrial and Business           Proposed LT Bk     CRISIL BB      10      Upgraded from
Enterprise Pvt Ltd                      Loan Fac                                  CRISIL BB-
Chhotanagpur Rope Works Pvt Ltd         CC                 CRISIL B       51.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Chhotanagpur Rope Works Pvt Ltd         Proposed FB Bk     CRISIL B       12.3    Downgraded
                                        Limits                                    from CRISIL
                                                                                  BB+
Chhotanagpur Rope Works Pvt Ltd         Standby LOC        CRISIL B       8.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Cholas Spices Pvt Ltd                   CC                 CRISIL BB+     70      Reaffirmed
Cholas Spices Pvt Ltd                   Proposed LT Bk     CRISIL BB+     25      Reaffirmed
                                        Loan Fac
Coast to Coast Designs Pvt Ltd          CC                 CRISIL BB      20      Reaffirmed
Coast to Coast Designs Pvt Ltd          LT Loan            CRISIL BB      10      Reaffirmed
Coast to Coast Designs Pvt Ltd          Proposed LT Bk     CRISIL BB      50      Reaffirmed
                                        Loan Fac
Crest Composites and Plastics Pvt Ltd   CC                 CRISIL BBB+    100     Upgraded from
                                                                                  CRISIL BBB+
Crest Composites and Plastics Pvt Ltd   Proposed LT Bk     CRISIL BBB+    172.5   Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Crest Composites and Plastics Pvt Ltd   TL                 CRISIL BBB+    103.5   Upgraded from
                                                                                  CRISIL BBB+
DACC International Pvt Ltd              CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL B+
(Issuer Not Cooperating)
Danieli India Ltd                       CC                 CRISIL BBB+    1600    Reaffirmed
Danieli India Ltd                       LT Loan*           CRISIL BBB+    1500    Reaffirmed
*Loan from parent company (Danieli & C. Officine Meccaniche SPA)
Danieli India Ltd                       Proposed LT Bk     CRISIL BBB+    500     Reaffirmed
                                        Loan Fac
dB Devices Pvt Ltd                      TL                 CRISIL B       80      Assigned
Dodhia Techno Engineering Pvt Ltd       BG                 CRISIL D       1       Reaffirmed
Dodhia Techno Engineering Pvt Ltd       CC                 CRISIL D       60      Reaffirmed
Dodhia Techno Engineering Pvt Ltd       LOC                CRISIL D       4       Reaffirmed
Dodhia Techno Engineering Pvt Ltd       Proposed LT Bk     CRISIL D       10      Reaffirmed
                                        Loan Fac
Dynamic Building Concepts Pvt Ltd       CC                 CRISIL B       15      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Dynamic Building Concepts Pvt Ltd       LT Loan            CRISIL B       85      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Dynamic Building Concepts Pvt Ltd       Proposed LT Bk     CRISIL B       20      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
ECL Finance Ltd                         CC                 CRISIL AA      20800   Reaffirmed
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      46477.8 Reaffirmed
ECL Finance Ltd                         Proposed LT Bk     CRISIL AA      25022.2 Reaffirmed
                                        Loan Fac**
**interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Reaffirmed
Edelweiss Commodities Services Ltd      Overdraft          CRISIL AA      7000    Reaffirmed
Edelweiss Commodities Services Ltd      Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Commodities Services Ltd      PS                 CRISIL AA      1050    Reaffirmed
Edelweiss Finance and Investments Ltd   Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac^
^Interchangeable between short term and long term
Emil Traders Pvt Ltd                    Export Packing     CRISIL BB+     100     Reaffirmed
                                        Credit
Emil Traders Pvt Ltd                    Foreign Bill       CRISIL BB+     50      Reaffirmed
                                        Discounting
Evergreen Drums and Cans Pvt Ltd        CC                 CRISIL D       75      Downgraded
                                                                                  from CRISIL B-
Evergreen Drums and Cans Pvt Ltd        Corporate Loan     CRISIL D       60      Downgraded
                                                                                  from CRISIL B-
Evergreen Drums and Cans Pvt Ltd        LOC                CRISIL D       100     Downgraded
                                                                                  from CRISIL A4
Evergreen Drums and Cans Pvt Ltd        Proposed LT Bk     CRISIL D       3.5     Downgraded
                                        Loan Fac                                  from CRISIL B-
Evergreen Drums and Cans Pvt Ltd        TL                 CRISIL D       61.5    Downgraded
                                                                                  from CRISIL B-
Excellent Power Cable Pvt Ltd           CC                 CRISIL B       75      Reaffirmed
Five Stars Bulkcarriers Pvt Ltd         External           CRISIL BB+     3536.3  Reaffirmed
                                        Commercial
                                        Borrowings
Five Stars Bulkcarriers Pvt Ltd         LT Loan            CRISIL BB+     128.2   Reaffirmed
G and G International Pvt Ltd           CC                 CRISIL BB-     68.5    Reaffirmed
G and G International Pvt Ltd           Proposed LT Bk     CRISIL BB-     35.9    Reaffirmed
                                        Loan Fac
G and G International Pvt Ltd           TL                 CRISIL BB-     20.6    Reaffirmed
G. S. Pharmbutor Pvt Ltd                CC                 CRISIL BBB     270     Reaffirmed
G. S. Pharmbutor Pvt Ltd                TL                 CRISIL BBB     395     Reaffirmed
Galaxy Mica Pvt Ltd                     CC                 CRISIL B+      35      Reaffirmed
Galaxy Mica Pvt Ltd                     LT Loan            CRISIL B+      74.4    Reaffirmed
Ganga Knit Pvt Ltd                      CC                 CRISIL B       140     Downgraded
                                                                                  from CRISIL BB
Gautam Industrial Corporation Pvt Ltd   CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL B+
Gautam Industrial Corporation Pvt Ltd   Proposed LT Bk     CRISIL B       4.5     Downgraded
                                        Loan Fac                                  from CRISIL B+
Gayatri Agro Oil and Food Products      CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Gayatri Agro Oil and Food Products      Proposed LT Bk     CRISIL B       17.2    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Gayatri Agro Oil and Food Products      TL                 CRISIL B       87.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Gemini Enterprises-Hyderabad            CC                 CRISIL B       70      Reaffirmed
Govardhan Cars Pvt Ltd                  CC                 CRISIL B       15      Reaffirmed
Govardhan Cars Pvt Ltd                  LT Loan            CRISIL B       30      Reaffirmed
Govardhan Cars Pvt Ltd                  Proposed LT Bk     CRISIL B       15      Reaffirmed
                                        Loan Fac
Gulzar Motors Pvt Ltd                   CC                 CRISIL B       65      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Gulzar Motors Pvt Ltd                   Channel Financing  CRISIL B       70      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
GVR Nutries Pvt Ltd                     CC                 CRISIL B       80      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
GVR Nutries Pvt Ltd                     TL                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
H P Rama Reddy                          Lease Rental       CRISIL B       80      Downgraded
                                        Discounting Loan                          from CRISIL B+
Hariom Yamaha                           CC                 CRISIL B+      60      Reaffirmed
Hariom Yamaha                           Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Haritasa Checkmate Electronics Pvt Ltd  CC                 CRISIL B       90      Downgraded
                                                                                  from CRISIL BB
(Issuer Not Cooperating)
Haro Gouri Agro Products                CC                 CRISIL B       35      Reaffirmed
Haro Gouri Agro Products                Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Haro Gouri Agro Products                TL                 CRISIL B       45      Reaffirmed
Haveli Entertainments Pvt Ltd           TL                 CRISIL B-      97.5    Reaffirmed
Himachal Flour Mills Pvt Ltd            CC                 CRISIL B+      70      Reaffirmed
Hindustan Jewellers                     CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Hitech Extrusion Llp                    CC                 CRISIL BB      75      Reaffirmed
Hitech Extrusion Llp                    Proposed LT Bk     CRISIL BB      180     Reaffirmed
                                        Loan Fac
Hitech Extrusion Llp                    TL                 CRISIL BB      5       Reaffirmed
Holly Offshore Logistics Ltd            CC                 CRISIL B       15      Downgraded
                                                                                  from CRISIL BB
(Issuer Not Cooperating)
Holly Offshore Logistics Ltd            LT Loan            CRISIL B       55.5    Downgraded
                                                                                  from CRISIL BB
(Issuer Not Cooperating)
ICICI Lombard General Insurance Co. Ltd Subordinated Debt  CRISIL AAA     48500   Reaffirmed
Infinium Pharmachem Pvt Ltd             CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Infinium Pharmachem Pvt Ltd             TL                 CRISIL B       12.5    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
J N S L Ferro Alloys                    CC                 CRISIL B       49      Downgraded
                                                                                  from CRISIL B+
J N S L Ferro Alloys                    Proposed LT Bk     CRISIL B       16      Downgraded
                                        Loan Fac                                  from CRISIL B+
J N S L Ferro Alloys                    TL                 CRISIL B       15      Downgraded
                                                                                  from CRISIL B+
J. M. Feed Mills Pvt Ltd                CC                 CRISIL D       98      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Jaksons Developers Pvt Ltd              CC                 CRISIL BB      30      Reaffirmed
Jaksons Developers Pvt Ltd              Proposed LT Bk     CRISIL BB      1466.5  Reaffirmed
                                        Loan Fac
Jaksons Developers Pvt Ltd              TL                 CRISIL BB      355.8   Reaffirmed
Jamna Metal Co.                         CC                 CRISIL C       40      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Jamna Metal Co.                         Proposed LT Bk     CRISIL C       100.1   Reaffirmed
                                        Loan Fac           (Issuer Not
                                                           Cooperating)
Jamna Metal Co.                         TL                 CRISIL C       18.2    Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Jamna Metal Co.                         WC TL              CRISIL C       55      Reaffirmed
                                                           (Issuer Not
                                                           Cooperating)
Japan Metal Building System Pvt Ltd     CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Japan Metal Building System Pvt Ltd     Proposed LT Bk     CRISIL B       120     Downgraded
                                        Loan Fac                                  from CRISIL B+
Jay Bajrang Cotton Industries           CC                 CRISIL B       40      Reaffirmed
Jay Bajrang Cotton Industries           LT Loan            CRISIL B       15      Reaffirmed
Jay Bajrang Cotton Industries           Proposed LT Bk     CRISIL B       15      Reaffirmed
                                        Loan Fac
Jayabheri Automotives Pvt Ltd           CC                 CRISIL B-      150     Reaffirmed
Jayabheri Automotives Pvt Ltd           TL                 CRISIL B-      115     Reaffirmed
Jayashree Electromech Pvt Ltd           CC                 CRISIL BB      80      Assigned
JayMangal Realities                     TL                 CRISIL BB-     200     Reaffirmed
JM Financial Capital Ltd                NCD                CRISIL AAA     2000    Reaffirmed
JM Financial Products Ltd               CC                 CRISIL AA      2000    Reaffirmed
JM Financial Products Ltd               LT Bk Fac          CRISIL AA      2000    Reaffirmed
JM Financial Products Ltd               Proposed LT Bk     CRISIL AA      1000    Reaffirmed
                                        Loan Fac
JP Developers                           TL                 CRISIL B       70      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
JSW Vallabh Tinplate Pvt Ltd            CC                 CRISIL BBB     390     Reaffirmed
JSW Vallabh Tinplate Pvt Ltd            LT Loan            CRISIL BBB     1083.5  Reaffirmed
JSW Vallabh Tinplate Pvt Ltd            Proposed LT Bk     CRISIL BBB     60      Reaffirmed
                                        Loan Fac
K. M. Enterprises - Tirunelveli         CC                 CRISIL BB-     80      Assigned
K. Manikandan                           Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
K. Manikandan                           CC                 CRISIL B+      50      Assigned
Kamachi Steels Ltd                      CC                 CRISIL B-      170     Assigned
Karthik Enterprises                     LT Loan            CRISIL BB-     5       Reaffirmed
Khudiram Cold Storage Pvt Ltd           CC                 CRISIL B       36.9    Reaffirmed
(Issuer Not Cooperating)
Khudiram Cold Storage Pvt Ltd           LT Loan            CRISIL B       49      Reaffirmed
(Issuer Not Cooperating)
Khudiram Cold Storage Pvt Ltd           WC Loan            CRISIL B       9.7     Reaffirmed
(Issuer Not Cooperating)
Kotak Mahindra Prime Ltd                CC & WC demand loanCRISIL AAA     38500   Reaffirmed
Kotak Mahindra Prime Ltd                LT Loan            CRISIL AAA     2710    Reaffirmed
Kotak Mahindra Prime Ltd                Proposed LT Bk     CRISIL AAA     28790   Reaffirmed
                                        Loan Fac
Krishna Enterprises - Hyderabad         CC - Book Debt     CRISIL B       16      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Krrish Motors Pvt Ltd                   CC/ Overdraft Fac  CRISIL BB+     27.5    Reaffirmed
KSS Petron Pvt Ltd                      BG                 CRISIL D       5527    Reaffirmed
KSS Petron Pvt Ltd                      CC                 CRISIL D       5910    Reaffirmed
KSS Petron Pvt Ltd                      LOC                CRISIL D       1517.5  Reaffirmed
KSS Petron Pvt Ltd                      LT Loan            CRISIL D       200     Reaffirmed
KSS Petron Pvt Ltd                      Proposed ST Bk     CRISIL D       180.5   Reaffirmed
                                        Loan Fac
Kumar Distributors Pvt Ltd              CC                 CRISIL BB      92.5    Reaffirmed
Kumar Distributors Pvt Ltd              Electronic Dealer  CRISIL BB      110     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Laxmi Enterprises - Mumbai              Packing Credit     CRISIL BBB     972     Upgraded from
                                                                                  CRISIL BBB-
Laxmi Enterprises - Mumbai              Proposed LT Bk     CRISIL BBB     67.7    Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Loomtex Fabrics                         CC                 CRISIL B       80      Downgraded
                                                                                  from CRISIL B+
Loomtex Fabrics                         Proposed LT Bk     CRISIL B       40      Downgraded
                                        Loan Fac                                  from CRISIL B+
Lotus Wireless Technologies India Pvt   CC                 CRISIL B       40      Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Lotus Wireless Technologies India Pvt   Proposed LT Bk     CRISIL B       580     Downgraded
Ltd                                     Loan Fac                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
M. Ilaiah and Company                   LT Loan            CRISIL B-      5       Reaffirmed
M. Ilaiah and Company                   Overdraft          CRISIL B-      60      Reaffirmed
M. Ilaiah and Company                   Proposed LT Bk     CRISIL B-      10      Reaffirmed
                                        Loan Fac
M.M.Cotton Factory                      CC                 CRISIL B       30      Reaffirmed
M.M.Cotton Factory                      Rupee TL           CRISIL B       3.7     Reaffirmed
M.M.Cotton Factory                      Warehouse FinancingCRISIL B       50      Reaffirmed
Mahavir Builders                        CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Mahavir Builders                        Proposed LT Bk     CRISIL B       100     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Maitri and Maitri Builders and          Proposed TL        CRISIL B       100     Downgraded
Developers                                                                        from CRISIL BB
Manikeswari Gems Pvt Ltd                Proposed CC Limit  CRISIL B       300     Downgraded
                                                                                  from CRISIL B+
Medall Healthcare Pvt Ltd               CC                 CRISIL A-      300     Reaffirmed
Medall Healthcare Pvt Ltd               Corporate Loan     CRISIL A-      680     Reaffirmed
Medall Healthcare Pvt Ltd               LT Loan            CRISIL A-      384.1   Reaffirmed
Medall Healthcare Pvt Ltd               Proposed LT Bk     CRISIL A-      568.9   Reaffirmed
                                        Loan Fac
Metro Cash and Carry India Pvt Ltd      LT Loan            CRISIL A       2451.9  Reaffirmed
Metro Cash and Carry India Pvt Ltd      Proposed LT Bk     CRISIL A       988.1   Reaffirmed
                                        Loan Fac
Metro Cash and Carry India Pvt Ltd      Proposed WC Fac    CRISIL A       1000    Reaffirmed
Metro Cash and Carry India Pvt Ltd      WC Demand Loan     CRISIL A       4000    Reaffirmed
Milano Impex Pvt Ltd                    CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Milano Impex Pvt Ltd                    Proposed FB Bk     CRISIL B       10      Downgraded
                                        Limits                                    from CRISIL B+
MNR Dairy Farms                         TL                 CRISIL D       250     Reaffirmed
Moulika Infra Developers (India) Ltd    CC                 CRISIL C       75      Reaffirmed
Moulika Infra Developers (India) Ltd    Proposed LT Bk     CRISIL C       40      Reaffirmed
                                        Loan Fac
Mukesh Industries Ltd                   CC                 CRISIL BBB-    290     Reaffirmed
Mukesh Industries Ltd                   TL                 CRISIL BBB-    275     Reaffirmed
Munjal Showa Ltd                        CC*                CRISIL AA      300     Reaffirmed
* Interchangeable with bank overdraft
Munjal Showa Ltd                        Proposed LT Bk     CRISIL AA      685     Reaffirmed
                                        Loan Fac
N.T. Rahamathulla Khan Associates       Proposed WC Fac    CRISIL BB      30      Reaffirmed
Nagpal Warehouse Inc.                   TL                 CRISIL B       60      Downgraded
                                                                                  from CRISIL B+
Nagreeka Brij Hotels Vadodara Pvt Ltd   LT Loan            CRISIL B       78.7    Reaffirmed
Nagreeka Brij Hotels Vadodara Pvt Ltd   Proposed LT Bk     CRISIL B       21.3    Reaffirmed
                                        Loan Fac
Narcinva Damodar Naik                   Secured Overdraft  CRISIL B-      150     Reaffirmed
                                        Fac
Navjivan Motors Pvt Ltd                 Inventory Funding  CRISIL BB      70      Reaffirmed
                                        Fac
Omvir Singh                             Secured Overdraft  CRISIL BB      44.8    Upgraded from
                                        Fac                                       CRISIL BB-
Oswal Agricomm Pvt Ltd                  CC                 CRISIL BB-     40      Reaffirmed
PRR Travels                             CC                 CRISIL BB      102.5   Reaffirmed
PRR Travels                             LT Loan            CRISIL BB      47.5    Reaffirmed
Ratnagiri Chemicals Pvt Ltd             CC                 CRISIL D       45      Reaffirmed
Ratnagiri Chemicals Pvt Ltd             Packing Credit     CRISIL D       45      Reaffirmed
Ratnagiri Chemicals Pvt Ltd             Post Shipment      CRISIL D       20      Reaffirmed
                                        Credit
Reliance Infrastructure Ltd             Proposed LT Bk     CRISIL A-      10000   Reaffirmed
                                        Loan Fac
Safe Ceramic Pvt Ltd                    CC                 CRISIL B+      20      Reaffirmed
Safe Ceramic Pvt Ltd                    Proposed LT Bk     CRISIL B+      1.3     Reaffirmed
                                        Loan Fac
Safe Ceramic Pvt Ltd                    TL                 CRISIL B+      48.7    Reaffirmed
Sai Service Pvt Ltd                     CC                 CRISIL A+      30      Reaffirmed
Sai Service Pvt Ltd                     CC*                CRISIL A+      50      Reaffirmed
* interchangeable with working capital demand loan
Sai Service Pvt Ltd                     CC#                CRISIL A+      100     Reaffirmed
Sai Service Pvt Ltd                     Inventory Funding  CRISIL A+      400     Reaffirmed
                                        Fac
Sai Service Pvt Ltd                     Proposed LT Bk     CRISIL A+      150     Reaffirmed
                                        Loan Fac
Samay Cotton                            CC                 CRISIL B+      50      Reaffirmed
Samay Cotton                            LT Loan            CRISIL B+      8.7     Reaffirmed
Sattik Exports Pvt Ltd                  Proposed LT Bk     CRISIL B+      4.5     Reaffirmed
                                        Loan Fac
Shukan Micro Mineral LLP                CC                 CRISIL B       40      Reaffirmed
Shukan Micro Mineral LLP                Proposed LT Bk     CRISIL B       2       Reaffirmed
                                        Loan Fac
Shukan Micro Mineral LLP                TL                 CRISIL B       72      Reaffirmed
Shyamsundar Satyanarayan Textiles Pvt   CC                 CRISIL BB      200     Reaffirmed
Ltd
Someshwar Organisors                    Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
Someshwar Organisors                    TL                 CRISIL B+      210     Assigned
Specialty Polyfilms India Pvt Ltd       CC                 CRISIL BB      85      Reaffirmed
Specialty Polyfilms India Pvt Ltd       Proposed LT Bk     CRISIL BB      32.8    Reaffirmed
                                        Loan Fac
Specialty Polyfilms India Pvt Ltd       Rupee TL           CRISIL BB      3.6     Reaffirmed
Tushar Fabrics Pvt Ltd                  CC                 CRISIL BB+     250     Assigned
U. K. Paper Converters Pvt Ltd          CC                 CRISIL B-      50      Reaffirmed
Udyog Mandir                            CC                 CRISIL BB      140     Reaffirmed
Udyog Mandir                            WC TL              CRISIL BB      1.7     Reaffirmed
Ultra Tech Transmissions Pvt Ltd        Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
United Wire Products                    CC                 CRISIL D       119.5   Reaffirmed
United Wire Products                    Proposed LT Bk     CRISIL D       28.8    Reaffirmed
                                        Loan Fac
United Wire Products                    TL                 CRISIL D       1.7     Reaffirmed
Varun Exports                           Letter Of GuaranteeCRISIL D       0.5     Downgraded
                                                                                  from CRISIL A4
Varun Exports                           LOC                CRISIL D       2       Downgraded
                                                                                  from CRISIL A4
Varun Exports                           Packing Credit     CRISIL D       75      Downgraded
                                                                                  from CRISIL A4
Varun Exports                           Proposed LT Bk     CRISIL D       12.1    Downgraded
                                        Loan Fac                                  from CRISIL B
VNS Accessories (India) LLP             Foreign Bill       CRISIL B+      120     Reaffirmed
                                        Discounting
Western Heat And Forge Pvt Ltd          CC                 CRISIL BBB-    340     Reaffirmed
Yamuna Cable Accessories Pvt Ltd        CC                 CRISIL BBB-    125     Assigned
Yamuna Cable Accessories Pvt Ltd        Standby LOC        CRISIL BBB-    27.2    Assigned
Yamuna Cable Accessories Pvt Ltd        TL                 CRISIL BBB-    135     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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