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

UTI Asset Mgt. Co. (Private) Ltd's UTI Cap Protection Fund
AAA(so) Assigned

-Series I(3-Yr Plan) UTI
Asset Mgt. Co. (Private) Ltd's UTI Cap Protection Fund
AAA(so) Assigned

-Series I(Five-Year Plan)
Vacmet Packaging India Pvt Ltd Term Loans
BBB 1850 Assigned Vacmet Packaging India Pvt Ltd

Line of Credit BBB 390 Assigned
Vacmet Packaging India Pvt Ltd Line of Credit (Proposed)
BBB 260 Assigned Vandana Global

Term Loan BBB- 1750 Assigned
Vandana Global Cash Credit
BBB- 900 Assigned Vardhman Acrylics Ltd

Cash Credit A+ 200 Assigned
Vardhman Textiles Ltd Cash Credit
AA- 3360 Assigned Vardhman Textiles Ltd

Rupee Term Loan AA- 25320 Assigned
Vardhman Textiles Ltd NCD
AA- 400 Reaffirmed Vardhman Yarn and Threads Ltd.

Cash Credit Limit AA- 512 Assigned
Vardhman Yarn and Threads Ltd. Term Loan
AA- 700.9 Assigned Veena Polysters

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

Cash Credit A+ 4500 Assigned
Vijaya Bank Lower Tier II Bonds
AA 150 Reaffirmed Vijayeswari Textiles Ltd

LT Loan BBB- 1734.1 Assigned
Vimal Oil and Foods Ltd. Term Loans
BB+ 19 Assigned Vimal Oil and Foods Ltd.

Cash Credit Limits BB+ 285 Assigned
Vinar Systems Pvt Ltd Cash Credit Limits
BBB+ 30 Assigned Vinar Systems Pvt Ltd

Bills Discounting Limits BBB+ 20 Assigned
Viraj Impex Private Ltd Cash Credit
BBB+ 20 Assigned Viva Highways Private Ltd

Term Loan A+(so) 500 Assigned VMT
Spinning Co. Ltd Cash Credit A+

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

Term Loan A+ 691.8 Assigned
Warkem Biotech Term Loan
BBB 143 Assigned Warkem Biotech

Cash Credit BBB 15 Assigned
Warkem Biotech Bill Discounting(Within

Cash Credit limits)
BBB 8 Assigned Warkem Biotech

Export Packing Credit-

Within CashCredit limits
BBB 3 Assigned Warkem Biotech

Export Bill Negotiation/

Export Bill Discounting-

Within CashCredit limits
BBB 3 Assigned Wellknown Polyester Ltd

Term Loans BBB+ 2290 Assigned
Wellknown Polyester Ltd Foreign Currency

Term Loans
BBB+ 160 Assigned Wellknown Polyester Ltd

Buyer's Credit BBB+ 730 Assigned
Wellknown Polyester Ltd Working Capital Limits
BBB+ 540 Assigned Western MP Infrastructure & Toll
Roads Term Loan BBB

5100 Assigned Witmans Industries
Cash Credit BB 60 Assigned Zuari
Industries Ltd Cash Credit A

1800 Assigned
----------------------------------------------------------------
----------------------------#: 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.
----------------------------------------------------------------
----------------------