Long-term debt programs of Indian firms rated by CRISIL:Part III

Vardhman Yarn and Threads Ltd. NCD
AA- 700.9 Assigned Vedanta Aluminium Ltd.

NCD AA+(SO) 4000 Assigned
Vedanta Aluminium Ltd. Term Loan
AA+(SO) 10000 Reaffirmed Veena Polysters

Cash Credit Limit BBB 46 Assigned
Vijai Electricals Ltd Term Loan
A+ 2586.8 Assigned Vijai Electricals Ltd

Cash Credit A+ 4500 Assigned
Vijaya Bank Term Loans
AA 150 Reaffirmed Vijayeshwari Textiles Ltd.

Cash Credit BB 1734.1 Downgraded
Vimal Oil and Foods Ltd. Lower Tier II Bonds
BB+ 19 Assigned Vimal Oil and Foods Ltd.

LT Loan BB+ 285 Assigned
Vimta Labs Term Loans A

100 Assigned Vimta Labs
Cash Credit Limits A 200 Assigned Vinar
Systems Pvt Ltd Cash Credit Limits BBB+

30 Assigned Vinar Systems Pvt Ltd
Term Loan BBB+ 20 Assigned Viraj
Impex Private Ltd Cash Credit Limits BBB+

20 Assigned Viva Highways Private Ltd
Bills Discounting Limits A+(so) 500 Assigned VMT
Spinning Co. Ltd Cash Credit A+

150 Assigned VMT Spinning Co. Ltd
Term Loan A+ 440 Assigned
Walchandnagar Industries Cash Credit
A+ 320 Assigned Walchandnagar Industries

Rupee Term Loan A+ 691.8 Assigned
Warkem Biotech Cash Credit
BBB 143 Assigned Warkem Biotech

Term Loan BBB 15 Assigned
Warkem Biotech Term Loan

Cash Credit
BBB 8 Assigned Warkem Biotech

Bill Discounting(Within

Cash Credit limits)
BBB 3 Assigned Warkem Biotech

Export Packing Credit-

Within CashCredit limits

Export Bill Negotiation/
BBB 3 Assigned Wellknown Polyester Ltd

Export Bill Discounting- BBB+ 2290 Assigned
Wellknown Polyester Ltd Within CashCredit limits

Term Loans
BBB+ 160 Assigned Wellknown Polyester Ltd

Foreign Currency BBB+ 730 Assigned
Wellknown Polyester Ltd Term Loans
BBB+ 540 Assigned Western India Forgings

Buyer's Credit A- 312.5 Assigned
Western MP Infrastructure & Working Capital Limits
Toll Roads Cash Credit Limit
BBB 5100 Assigned Whirlpool of India Ltd

A+ 3000 Assigned
Witmans Industries Term Loan
BB 60 Assigned Zuari Industries Ltd

Cash Credit Limits A 1800 Assigned
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----------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended CCPS-Cumulative Convertible Preference Share;
CPS-convertible preference shares; DDB-Deep Discount Bond;
EPBI-Exchange premium bond; FRB/FRN-Floating Rate Bond/Note;
FRD-floating rate debentures; MOCD-multiple option convertible
debenture; MTN-medium term notes; NCB- non-convertible bond;
NCD(SO)-Non Convertible Debenture-(Structured Obligation);
NCD-Non- Convertible Debenture; 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; POCD-partly optional convertible debentures;
PP-privately placed; PS-Preference Shares; PTC-Pass Through
Certificates; RPS-Redeemable Preference Shares; SCPN-secured
convertible preference notes; SDO-Structured Debt Obligation;
SLR-Statutory Liquidity Ratio; SPN-secured premium notes;
TB-Taxable Bond; TFB-Tax Free Bond; TOCD-triple option
convertible debentures CRISIL may apply + or - signs for
ratings from AA to C to reflect a comparative standing within
the category.
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