May 16, 2017 / 4:35 AM / 3 months ago

CRISIL ratings for Indian debt instruments-May 16

    May 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 15, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alkyl Amines Chemicals Ltd              BG                 CRISIL A1      68      Reaffirmed
Alkyl Amines Chemicals Ltd              LOC                CRISIL A1      306     Reaffirmed
Ammayapper Textiles Pvt Ltd             Foreign            CRISIL A4+     80      Reaffirmed
                                        Discounting Bill
                                        Purchase
Ammayapper Textiles Pvt Ltd             Letter Of GuaranteeCRISIL A4+     1.4     Reaffirmed
Ammayapper Textiles Pvt Ltd             LOC                CRISIL A4+     35      Reaffirmed
Ammayapper Textiles Pvt Ltd             Packing Credit     CRISIL A4+     65      Reaffirmed
Arora Construction Co. Pvt Ltd          BG                 CRISIL A4+     100     Reaffirmed
Issuer Not Cooperating
Ascent Networks Pvt Ltd                 BG                 CRISIL A4      25      Reaffirmed
Issuer Not Cooperating
Ascent Networks Pvt Ltd                 LOC                CRISIL A4      35      Reaffirmed
Issuer Not Cooperating
Biswapita Cold Storage Pvt Ltd          BG                 CRISIL A4      1.4     Reaffirmed
Issuer Not Cooperating
Devendran Plastic Pvt Ltd               LOC                CRISIL A4      65      Reaffirmed
Devendran Plastic Pvt Ltd               LOC Bill           CRISIL A4      35      Reaffirmed
                                        Discounting
Floor Gardens                           LOC                CRISIL A4      2.5     Reaffirmed
G B Springs Pvt Ltd                     BG                 CRISIL A4+     40      Assigned;
                                                                                  Suspension
                                                                                  revoked
G B Springs Pvt Ltd                     LOC                CRISIL A4+     20      Assigned;
                                                                                  Suspension
                                                                                  revoked
Global Farm Fresh Pvt Ltd               BG                 CRISIL A4      5       Reaffirmed
Issuer Not Cooperating
Global Farm Fresh Pvt Ltd               LOC                CRISIL A4      5       Reaffirmed
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                LOC                CRISIL A4      50      Reaffirmed
Issuer Not Cooperating
Gupta Threads Ltd                       BG                 CRISIL A4+     4.7     Reaffirmed
Issuer Not Cooperating
Gypsum Structural India Pvt Ltd         BG                 CRISIL A4+     20      Assigned
Hoshiarpur Roller Flour Mill Pvt Ltd    Overdraft          CRISIL A4      30      Reaffirmed
Issuer Not Cooperating
Kamal Suitings Pvt Ltd                  LOC                CRISIL A4      5       Reaffirmed
Issuer Not Cooperating
L N Constructions                       BG                 CRISIL A4      70      Reaffirmed
Issuer Not Cooperating
M S Infraengineers Pvt Ltd              BG                 CRISIL A4      40      Reaffirmed
Issuer Not Cooperating
Madhav Constructions                    BG                 CRISIL A4      40      Reaffirmed
Issuer Not Cooperating
Maruthi Constructions - Visakhapatnam   BG                 CRISIL A4      25      Reaffirmed
Meghmani Organics Ltd                   CP                 CRISIL A1      500     Assigned
Meghmani Organics Ltd                   LOC & BG           CRISIL A1      570     Reaffirmed
Meghmani Organics Ltd                   LOC & BG!          CRISIL A1      680     Reaffirmed
! Interchangeable with buyer's credit
MPR Projects Pvt Ltd                    BG                 CRISIL A4      50      Reaffirmed
Issuer Not Cooperating
Multiflex Polybags Pvt Ltd              LOC                CRISIL A4      20      Reaffirmed
Omprakash Trading Co.                   LOC & BG           CRISIL A4      20      Reaffirmed
Progressive Motors                      BG                 CRISIL A4      41.3    Reaffirmed
Issuer Not Cooperating
Puthupalayam Timber Industries          LOC                CRISIL A4      90      Reaffirmed
Issuer Not Cooperating
Solarium Ceramic Pvt Ltd                BG                 CRISIL A4      9       Reaffirmed
Spacewood Office Solutions Pvt Ltd      Bill Discounting   CRISIL A4      27.1    Downgraded
                                        under LOC                                 from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Square Ceramic Pvt Ltd                  BG                 CRISIL A4      11.5    Reaffirmed
Issuer Not Cooperating
Sree Rayalaseema Hi- Strength Hypo Ltd  BG                 CRISIL A2      100     Upgraded from
                                                                                  CRISIL A3+
Sree Rayalaseema Hi- Strength Hypo Ltd  LOC                CRISIL A2      400     Upgraded from
                                                                                  CRISIL A3+
Sree Rayalaseema Hi- Strength Hypo Ltd  Packing Credit in  CRISIL A2      250     Upgraded from
                                        Foreign Currency                          CRISIL A3+
ST. George Electronica Pvt Ltd          Overdraft          CRISIL A4      204.5   Reaffirmed
Sure Cargo Control Pvt Ltd              BG                 CRISIL A4      1       Reaffirmed
Issuer Not Cooperating
Swarup Castings Pvt Ltd                 LOC                CRISIL A4+     60      Reaffirmed
U. B. Rice Mill Pvt Ltd                 BG                 CRISIL A4      3.5     Reaffirmed
Vaichal Constructions Pvt Ltd           BG                 CRISIL A4+     25      Reaffirmed
Venkata Krishna Constructions Pvt Ltd   BG                 CRISIL A4      18      Reaffirmed
Issuer Not Cooperating
Vidya Herbs Pvt Ltd                     LOC                CRISIL A3+     60      Reaffirmed
Zuha Leather Pvt Ltd                    LOC                CRISIL A4+     71      Assigned

LONG TERM RATINGS:
-------------------
Agarwal Diam Expo Pvt Ltd               CC                 CRISIL BB      35      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Agarwal Diam Expo Pvt Ltd               Proposed CC Limit  CRISIL BB      5       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Akanksha Automobiles (Rudrapur) Pvt Ltd CC                 CRISIL BB      40      Reaffirmed
Akanksha Automobiles (Rudrapur) Pvt Ltd Electronic Dealer  CRISIL BB      155     Reaffirmed
                                        Financing
                                        Scheme(e- DFS)
Alkyl Amines Chemicals Ltd              CC                 CRISIL A       350     Reaffirmed
Alkyl Amines Chemicals Ltd              Export Packing     CRISIL A       150     Reaffirmed
                                        Credit
Alkyl Amines Chemicals Ltd              External           CRISIL A       1458.7  Reaffirmed
                                        Commercial
                                        Borrowings
Alkyl Amines Chemicals Ltd              Line of Credit     CRISIL A       50      Reaffirmed
Alkyl Amines Chemicals Ltd              Proposed LT Bk     CRISIL A       80.3    Reaffirmed
                                        Loan Fac
Ammayapper Textiles Pvt Ltd             CC                 CRISIL BB      35      Reaffirmed
Ammayapper Textiles Pvt Ltd             LT Loan            CRISIL BB      83.6    Reaffirmed
Amrutha Varshini Dairy Farms Pvt Ltd    CC                 CRISIL D       125     Reaffirmed
Issuer Not Cooperating
Amrutha Varshini Dairy Farms Pvt Ltd    LT Loan            CRISIL D       45      Reaffirmed
Issuer Not Cooperating
Arora Construction Co. Pvt Ltd          CC                 CRISIL BB      50      Reaffirmed
Issuer Not Cooperating
Ascent Networks Pvt Ltd                 CC                 CRISIL B       35      Reaffirmed
Issuer Not Cooperating
Ascent Networks Pvt Ltd                 Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Bhavik Polymers (P) Ltd.                CC                 CRISIL B+      75      Reaffirmed
Bhorosha Rice Mill Pvt Ltd              BG                 CRISIL D       1.6     Reaffirmed
Issuer Not Cooperating
Bhorosha Rice Mill Pvt Ltd              CC                 CRISIL D       95      Reaffirmed
Issuer Not Cooperating
Bhorosha Rice Mill Pvt Ltd              TL                 CRISIL D       25.4    Reaffirmed
Issuer Not Cooperating
Biswapita Cold Storage Pvt Ltd          CC                 CRISIL B       58      Reaffirmed
Issuer Not Cooperating
Biswapita Cold Storage Pvt Ltd          Proposed LT Bk     CRISIL B       3.3     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Biswapita Cold Storage Pvt Ltd          TL                 CRISIL B       12.3    Reaffirmed
Issuer Not Cooperating
Burgundy Lifestyle Pvt Ltd              CC                 CRISIL D       52      Reaffirmed
Burgundy Lifestyle Pvt Ltd              LOC                CRISIL D       62.5    Reaffirmed
Burgundy Lifestyle Pvt Ltd              Packing Credit     CRISIL D       34.5    Reaffirmed
Caps Gold Pvt Ltd                       CC                 CRISIL BB+     480     Assigned;
                                                                                  Suspension
                                                                                  revoked
Coral Cove Hotels and Resorts Pvt Ltd   Proposed TL        CRISIL B       24      Reaffirmed
Issuer Not Cooperating
Coral Cove Hotels and Resorts Pvt Ltd   TL                 CRISIL B       41      Reaffirmed
Issuer Not Cooperating
Devendran Plastic Pvt Ltd               CC                 CRISIL B       50      Reaffirmed
Devendran Plastic Pvt Ltd               Proposed WC Fac    CRISIL B       2.9     Reaffirmed
Devendran Plastic Pvt Ltd               TL                 CRISIL B       82.1    Reaffirmed
Dhenu Hydro Pvt Ltd                     BG                 CRISIL D       69.7    Reaffirmed
Issuer Not Cooperating
Dhenu Hydro Pvt Ltd                     CC                 CRISIL D       30      Reaffirmed
Issuer Not Cooperating
Dhenu Hydro Pvt Ltd                     Proposed BG        CRISIL D       5.3     Reaffirmed
Issuer Not Cooperating
Dhenu Hydro Pvt Ltd                     WC TL              CRISIL D       20      Reaffirmed
Issuer Not Cooperating
Floor Gardens                           Export Packing     CRISIL B       47.5    Reaffirmed
                                        Credit
G B Springs Pvt Ltd                     CC                 CRISIL BB+     100     Assigned;
                                                                                  Suspension
                                                                                  revoked
Global Farm Fresh Pvt Ltd               CC                 CRISIL B       55      Reaffirmed
Issuer Not Cooperating
Global Farm Fresh Pvt Ltd               Proposed LT Bk     CRISIL B       8       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Global Farm Fresh Pvt Ltd               TL                 CRISIL B       157     Reaffirmed
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                Bill Discounting   CRISIL B       90      Reaffirmed
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                CC                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                Corporate Loan     CRISIL B       20      Reaffirmed
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                Proposed LT Bk     CRISIL B       19      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Goldstar Battery Pvt Ltd                TL                 CRISIL B       41      Reaffirmed
Issuer Not Cooperating
Gupta Threads Ltd                       CC                 CRISIL BB      80      Reaffirmed
Issuer Not Cooperating
Gupta Threads Ltd                       TL                 CRISIL BB      265.3   Reaffirmed
Issuer Not Cooperating
Gypsum Structural India Pvt Ltd         CC                 CRISIL BB      40      Assigned
Himachal Soap And Detergents Pvt Ltd    CC                 CRISIL B-      50      Reaffirmed
Issuer Not Cooperating
Himachal Soap And Detergents Pvt Ltd    Proposed LT Bk     CRISIL B-      30      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Hoshiarpur Roller Flour Mill Pvt Ltd    CC                 CRISIL B-      85      Reaffirmed
Issuer Not Cooperating
Hoshiarpur Roller Flour Mill Pvt Ltd    Proposed LT Bk     CRISIL B-      3       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Jalsa Banquets Pvt Ltd                  TL                 CRISIL B-      57.5    Reaffirmed
Issuer Not Cooperating
Jayawanti Babu Foundation               TL                 CRISIL D       118     Reaffirmed
Issuer Not Cooperating
Kaas Footwear Industries Pvt Ltd        CC                 CRISIL B       36.7    Reaffirmed
Issuer Not Cooperating
Kaas Footwear Industries Pvt Ltd        TL                 CRISIL B       67.1    Reaffirmed
Issuer Not Cooperating
Kamal Suitings Pvt Ltd                  CC                 CRISIL B-      65      Reaffirmed
Issuer Not Cooperating
Kamal Suitings Pvt Ltd                  Standby LOC        CRISIL B-      5       Reaffirmed
Issuer Not Cooperating
Kamal Suitings Pvt Ltd                  TL                 CRISIL B-      35      Reaffirmed
Issuer Not Cooperating
Kenersys India Pvt Ltd                  BG**               CRISIL D       1800    Reaffirmed
**Fully interchangeable with letter of credit; Issuer Not Cooperating
Kenersys India Pvt Ltd                  CC*                CRISIL D       525     Reaffirmed
*Fully interchangeable with non- fund- based limit of Rs 40 crore; Issuer Not Cooperating
Kenersys India Pvt Ltd                  CC                 CRISIL D       850     Reaffirmed
Issuer Not Cooperating
Kenersys India Pvt Ltd                  Corporate Loan     CRISIL D       205     Reaffirmed
Issuer Not Cooperating
Kenersys India Pvt Ltd                  Proposed LT Bk     CRISIL D       50      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
KVR Prime Constructions Pvt Ltd         CC                 CRISIL B-      120     Reaffirmed
Issuer Not Cooperating
L N Constructions                       CC                 CRISIL B-      40      Reaffirmed
Issuer Not Cooperating
M S Infraengineers Pvt Ltd              CC                 CRISIL B       90      Reaffirmed
Issuer Not Cooperating
Madhav Constructions                    Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Maharana Pratap Education Centre        Overdraft          CRISIL B-      140     Reaffirmed
Issuer Not Cooperating
Maharana Pratap Education Centre        Proposed BG        CRISIL B-      10      Reaffirmed
Issuer Not Cooperating
Maharana Pratap Education Centre        Proposed TL        CRISIL B-      262     Reaffirmed
Issuer Not Cooperating
Maharana Pratap Education Centre        TL                 CRISIL B-      388     Reaffirmed
Issuer Not Cooperating
Maruthi Constructions - Visakhapatnam   Secured Overdraft  CRISIL B       55      Downgraded
                                        Fac                                       from CRISIL B+
Maruti Cotton Industries                CC                 CRISIL B       50      Reaffirmed
Maruti Cotton Industries                Proposed LT Bk     CRISIL B       1.8     Reaffirmed
                                        Loan Fac
Maruti Cotton Industries                TL                 CRISIL B       8.2     Reaffirmed
Meghmani Finechem Ltd                   CC#                CRISIL A       440     Upgraded from
                                                                                  CRISIL A-
# Fully interchangeable with letter of credit and bank guarantee
Meghmani Finechem Ltd                   Proposed WC Fac#   CRISIL A       322     Upgraded from
                                                                                  CRISIL A-
# Fully interchangeable with letter of credit and bank guarantee
Meghmani Finechem Ltd                   Rupee TL           CRISIL A       1128    Upgraded from
                                                                                  CRISIL A-
Meghmani Organics Ltd                   CC@                CRISIL A+      1580    Upgraded from
                                                                                  CRISIL A
@ Interchangeable between WCDL/EPC/FBC/PCFC/EBR
Meghmani Organics Ltd                   CC$                CRISIL A+      600     Upgraded from
                                                                                  CRISIL A
$ Interchangeable between WCDL/EPC/PCFC
Meghmani Organics Ltd                   CC^                CRISIL A+      820     Upgraded from
                                                                                  CRISIL A
^ Interchangeable between CC/WCDL/EPC/FUBD/FBP/PCFC/PSCFC/Inland Bills Purchased/ Discounted
Meghmani Organics Ltd                   CC%                CRISIL A+      150     Upgraded from
                                                                                  CRISIL A
%Interchangeable between WCDL/EPC/PCFC/PSFC
Meghmani Organics Ltd                   Export Packing     CRISIL A+      350     Upgraded from
                                        Credit*                                   CRISIL A
*Interchangeable between Overdraft/ Short Term Loan/ Export & Local Bills Discounted/ Export
Invoice Financing
Meghmani Organics Ltd                   Rupee TL           CRISIL A+      1367.5  Upgraded from
                                                                                  CRISIL A
MPR Projects Pvt Ltd                    CC                 CRISIL B       10      Reaffirmed
Issuer Not Cooperating
Multiflex Polybags Pvt Ltd              CC                 CRISIL B+      15      Reaffirmed
Multiflex Polybags Pvt Ltd              Cash TL            CRISIL B+      25      Reaffirmed
Multiflex Polybags Pvt Ltd              Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
Navkar Lifesciences                     CC                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
Navkar Lifesciences                     Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Navkar Lifesciences                     TL                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
Network Tradelink Pvt Ltd               CC                 CRISIL D       20      Reaffirmed
Issuer Not Cooperating
Network Tradelink Pvt Ltd               LOC                CRISIL D       30      Reaffirmed
Issuer Not Cooperating
NJT Granites                            Proposed LT Bk     CRISIL B       65      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
NJT Granites                            TL                 CRISIL B       35      Reaffirmed
Issuer Not Cooperating
Novarc Labs Pvt Ltd                     CC                 CRISIL B       50      Reaffirmed
Issuer Not Cooperating
Novarc Labs Pvt Ltd                     Proposed CC Limit  CRISIL B       30      Reaffirmed
Issuer Not Cooperating
Omprakash Trading Co.                   CC                 CRISIL B+      160     Upgraded from
                                                                                  CRISIL B
Progressive Motors                      CC                 CRISIL B+      50      Reaffirmed
Issuer Not Cooperating
Progressive Motors                      Proposed LT Bk     CRISIL B+      8.7     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Puthupalayam Timber Industries          CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
RPN Engineers Chennai Pvt Ltd           TL                 CRISIL D       0.2     Assigned
RPN Engineers Chennai Pvt Ltd           Inland/Import LOC  CRISIL D       25      Assigned
RPN Engineers Chennai Pvt Ltd           BG                 CRISIL D       27.6    Assigned
RPN Engineers Chennai Pvt Ltd           CC                 CRISIL D       12.5    Assigned
Saravanaa Projects & Co.                CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Saravanaa Projects & Co.                LT Loan            CRISIL B       20      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Shiv Lal Trading Co                     CC                 CRISIL B       14      Reaffirmed
Issuer Not Cooperating
Shiv Lal Trading Co                     Warehouse Receipts CRISIL B       80      Reaffirmed
Issuer Not Cooperating
Shree Ganesh Enterprise - Surat         TL                 CRISIL BB-     65      Assigned
Solarium Ceramic Pvt Ltd                CC                 CRISIL B       45      Reaffirmed
Solarium Ceramic Pvt Ltd                LT Loan            CRISIL B       71      Reaffirmed
Sonac                                   LT Loan            CRISIL B+      100     Assigned
Sonac                                   Open CC            CRISIL B+      50      Assigned
Spacewood Office Solutions Pvt Ltd      CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Spacewood Office Solutions Pvt Ltd      Rupee TL           CRISIL B       12.9    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Square Ceramic Pvt Ltd                  CC                 CRISIL B-      12.5    Reaffirmed
Issuer Not Cooperating
Square Ceramic Pvt Ltd                  TL                 CRISIL B-      50      Reaffirmed
Issuer Not Cooperating
Sree Rayalaseema Hi- Strength Hypo Ltd  CC                 CRISIL BBB+    100     Upgraded from
                                                                                  CRISIL BBB
Sree Rayalaseema Hi- Strength Hypo Ltd  Foreign Bill       CRISIL BBB+    200     Upgraded from
                                        Discounting                               CRISIL BBB
Sree Rayalaseema Hi- Strength Hypo Ltd  LT Loan            CRISIL BBB+    250     Upgraded from
                                                                                  CRISIL BBB
Sree Rayalaseema Hi- Strength Hypo Ltd  Proposed LT Bk     CRISIL BBB+    587.2   Upgraded from
                                        Loan Fac                                  CRISIL BBB
Sree Rayalaseema Hi- Strength Hypo Ltd  Standby Line of    CRISIL BBB+    40      Upgraded from
                                        Credit                                    CRISIL BBB
Sri Kailasanadha Textiles Pvt Ltd       CC                 CRISIL D       60      Reaffirmed
Issuer Not Cooperating
Sri Kailasanadha Textiles Pvt Ltd       LT Loan            CRISIL D       90.4    Reaffirmed
Issuer Not Cooperating
Sri Sainatha Rice Industries            CC                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
Sri Sainatha Rice Industries            LT Loan            CRISIL B       40      Reaffirmed
Issuer Not Cooperating
ST. George Electronica Pvt Ltd          LT Loan            CRISIL B       51.5    Reaffirmed
ST. George Electronica Pvt Ltd          TL                 CRISIL B       102     Reaffirmed
ST. George Electronica Pvt Ltd          WC TL              CRISIL B       34      Assigned
Surat District Co- operative Milk       Proposed LT Bk     CRISIL AA+     3000    Assigned
Producers Union Ltd                     Loan Fac
Sure Cargo Control Pvt Ltd              Overdraft          CRISIL B-      10      Reaffirmed
Issuer Not Cooperating
Sure Cargo Control Pvt Ltd              TL                 CRISIL B-      39      Reaffirmed
Issuer Not Cooperating
Swarup Castings Pvt Ltd                 CC                 CRISIL BB+     150     Reaffirmed
Swarup Rolling Mills Ltd                CC                 CRISIL BB+     180     Reaffirmed
U. B. Rice Mill Pvt Ltd                 CC                 CRISIL B+      44      Upgraded from
                                                                                  CRISIL B
U. B. Rice Mill Pvt Ltd                 LT Loan            CRISIL B+      10      Upgraded from
                                                                                  CRISIL B
U. B. Rice Mill Pvt Ltd                 Proposed LT Bk     CRISIL B+      62.5    Upgraded from
                                        Loan Fac                                  CRISIL B
Vahini Poultries Pvt Ltd                CC                 CRISIL B       50      Reaffirmed
Issuer Not Cooperating
Vahini Poultries Pvt Ltd                LT Loan            CRISIL B       100     Reaffirmed
Issuer Not Cooperating
Vaichal Constructions Pvt Ltd           CC                 CRISIL BB-     30      Reaffirmed
Venkata Krishna Constructions Pvt Ltd   CC                 CRISIL B       2       Reaffirmed
Issuer Not Cooperating
Venkata Krishna Constructions Pvt Ltd   Proposed LT Bk     CRISIL B       115     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Vidya Herbs Pvt Ltd                     Export Packing     CRISIL BBB     300     Reaffirmed
                                        Credit
Vidya Herbs Pvt Ltd                     FCNR Loan          CRISIL BBB     178     Reaffirmed
Vidya Herbs Pvt Ltd                     Proposed WC Fac    CRISIL BBB     40      Reaffirmed
Vidya Herbs Pvt Ltd                     Standby Line of    CRISIL BBB     40      Reaffirmed
                                        Credit
Vikas Cotton Industries Pvt Ltd         CC                 CRISIL B       85      Reaffirmed
Vikas Cotton Industries Pvt Ltd         Proposed LT Bk     CRISIL B       3       Reaffirmed
                                        Loan Fac
Vikas Cotton Industries Pvt Ltd         TL                 CRISIL B       12      Reaffirmed
Vizag General Cargo Berth Pvt Ltd       NCD*               CRISIL AA (SO) 4250    Assigned
* Guaranteed by Vedanta Ltd
Vizag General Cargo Berth Pvt Ltd       BG*^               CRISIL AA(SO)  200     Reaffirmed
^These are likely to be refinanced using the proposed debentures; * Guaranteed by Vedanta Ltd
Vizag General Cargo Berth Pvt Ltd       LT Loan*^          CRISIL AA(SO)  1250    Reaffirmed
^These are likely to be refinanced using the proposed debentures; * Guaranteed by Vedanta Ltd
Vizag General Cargo Berth Pvt Ltd       Rupee TL*^         CRISIL AA(SO)  2750    Reaffirmed
^These are likely to be refinanced using the proposed debentures; * Guaranteed by Vedanta Ltd
Wateredge Hospitality Pvt Ltd           LT Loan            CRISIL B-      120     Reaffirmed
Issuer Not Cooperating
Zuha Leather Pvt Ltd                    Proposed LT Bk     CRISIL BB-     30      Assigned
                                        Loan Fac
Zuha Leather Pvt Ltd                    WC Fac             CRISIL BB-     45      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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