October 1, 2014 / 6:08 AM / 3 years ago

CRISIL ratings for Indian debt instruments-Oct 1

Oct 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 30, 2014.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Affordable Robotic & Automation Pvt   LOC                CRISIL A4      10      Assigned
Ltd
Ampo Valves India Pvt Ltd             Packing Credit     CRISIL A2      150     Assigned
Appolo Sesame Industries              BG                 CRISIL A4+     50      Reaffirmed
Ark Industries Pvt Ltd                LOC                CRISIL A3      250     Upgraded from
                                                                                CRISIL A4+
Asian Food Industries                 BG                 CRISIL A3      70      Reaffirmed
Asian Food Industries                 LOC                CRISIL A3      20      Reaffirmed
Assam Motors                          BG                 CRISIL A4+     2       Assigned
Bhalla International                  Export Packing     CRISIL A3      80      Reaffirmed
                                      Credit
Blackberry Tiles Pvt Ltd              BG                 CRISIL A4      14      Assigned
Blue Star Malleable Pvt Ltd           BG                 CRISIL A4+     95      Reaffirmed
Deepak Rugs                           Foreign Demand     CRISIL A4      35      Reaffirmed
                                      Bill Purchase
Deepak Rugs                           Packing Credit     CRISIL A4      47      Reaffirmed
Deepak Rugs                           Proposed ST Bk     CRISIL A4      3       Reaffirmed
                                      Loan Fac
Deluxe Sales Corporation              LOC                CRISIL A4+     45      Assigned
Everest Organics Ltd                  LOC Bill           CRISIL A4      15      Assigned
                                      Discounting
Everest Organics Ltd                  BG                 CRISIL A4      1       Assigned
Everest Organics Ltd                  Overdraft Fac      CRISIL A4      5       Assigned
Everest Organics Ltd                  LOC                CRISIL A4      55      Assigned
Future Automobile Agency Pvt Ltd      BG                 CRISIL A4      5       Reaffirmed
Gehlot Tractors Pvt Ltd               Standby Line of    CRISIL A4+     9       Reaffirmed
                                      Credit
Gupta Steel (Ship Breakers)           Foreign Exchange   CRISIL A3      19.2    -
                                      Forward
Gupta Steel (Ship Breakers)           LOC                CRISIL A3      890     -
Hitachi Systems Micro Clinic Pvt Ltd  BG                 CRISIL A2      200     Upgraded from
                                                                                CRISIL A4+
Hy-Tuf Steels Pvt. Ltd.               BG                 CRISIL A4+     5       Reaffirmed
INSITEL Services Pvt Ltd              LOC@               CRISIL A4+@    1500
@ Includes a sublimit of Rs 100 million of Bank guarantee
J.R.D. International Ltd              Proposed ST Bk     CRISIL A4+     200     Assigned
                                      Loan Fac
Kays Jewels Pvt Ltd                   BG                 CRISIL A3+     4       Assigned
Kuldeep Oswal Hosiery Mills Pvt Ltd   LOC                CRISIL A4+     5       Assigned
Lee Pharma Ltd                        BG                 CRISIL A3      15      -
Lee Pharma Ltd                        LOC                CRISIL A3      100     -
Lee Pharma Ltd                        Proposed LOC       CRISIL A3      40      -
Mangla Amit Builders Pvt. Ltd.        BG                 CRISIL A4+     25      Assigned
On Load Gears                         BG                 CRISIL A3      10      Reaffirmed
Pavani Controls & Panels Ltd          LOC & BG           CRISIL A3+     245     Assigned
Prince Alloys Pvt.Ltd.                BG                 CRISIL A3      8.2     Withdrawal
Prince Roller Flour Mills Pvt.Ltd     BG                 CRISIL A3      0.7     Reaffirmed
Prince Roller Flour Mills Pvt.Ltd     LOC                CRISIL A3      30      Reaffirmed
Prince Rollings Pvt.Ltd.              BG                 CRISIL A3      7.5     Rating placed
                                                                                on Notice of
                                                                                Withdrawal
Prince T M T Steels Pvt Ltd           BG                 CRISIL A3      5       Reaffirmed
Prince T M T Steels Pvt Ltd           LOC                CRISIL A3      70      Reaffirmed
Ragam Metal Products Pvt Ltd          LOC                CRISIL A4+     17.5    Reaffirmed
Rohan Builders (India) Pvt Ltd        LOC & BG           CRISIL A2      2000    Assigned
Schreiber Dynamix Dairies Ltd         LOC & BG           CRISIL A1+     70      Reaffirmed
Shree Tirupati Balajee FIBC Pvt Ltd   Export Packing     CRISIL A4+     120     Assigned
                                      Credit
Shri Ganesh Agro Foods - Delhi        Packing Credit     CRISIL A4      200     Assigned
Skytouch Ceramic Pvt Ltd              BG                 CRISIL A4      29      Assigned
Soiltech (India) Pvt Ltd              Proposed BG        CRISIL A4+     5       Assigned
Soiltech (India) Pvt Ltd              BG                 CRISIL A4+     5       Assigned
Southern Lubrication Pvt Ltd          BG                 CRISIL A3      38      Reaffirmed
Southern Lubrication Pvt Ltd          LOC                CRISIL A3      2       Reaffirmed
Sri Lakshmi Saraswathi Spintex Ltd    Post Shipment      CRISIL A4+     50      Assigned
                                      Credit
Sri Lakshmi Saraswathi Spintex Ltd    Packing Credit     CRISIL A4+     46      Assigned
Sri Lakshmi Saraswathi Spintex Ltd    Inland Guarantees  CRISIL A4+     5       Assigned
Vadilal Industries Ltd                LOC & BG           CRISIL A3      120     Reaffirmed
Velocis Systems Pvt Ltd               BG#                CRISIL A3      270     Assigned
# Interchangeability between Letter of Credit (LC) and Bank Guarantee (BG) to the extent of
Rs.40 million
Wins International                    Packing Credit     CRISIL A4      15      Assigned
Wins International                    Foreign Bill       CRISIL A4      25      Assigned
                                      Negotiation

MEDIUM TERM RATINGS:
-------------------
Vadilal Enterprises Ltd               FD                 FA-            60      Assigned
Vadilal Industries Ltd                FD                 FA-            150     Assigned

LONG TERM RATINGS:
-------------------
Affordable Robotic & Automation Pvt   Proposed LT Bk     CRISIL B+      105     Assigned
Ltd                                   Loan Fac
Affordable Robotic & Automation Pvt   Overdraft Fac      CRISIL B+      10*     Assigned
Ltd
*Long term faclity
Ambojini Property Developers Pvt Ltd  LT Loan            CRISIL B+      350     Reaffirmed
Ambojini Property Developers Pvt Ltd  Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                      Loan Fac
Anupam Industries                     CC                 CRISIL BB-     65      Assigned
Anupam Industries                     TL                 CRISIL BB-     5       Assigned
Appolo Sesame Industries              Packing Credit     CRISIL BB      100     Reaffirmed

Ark Industries Pvt Ltd                CC                 CRISIL BBB-    150     Upgraded from
                                                                                CRISIL BB
Aroma Realties Ltd                    Proposed LT Bk     CRISIL B+      200     Upgraded from
                                      Loan Fac                                  CRISIL B
Aroma Realties Ltd                    TL                 CRISIL B+      150     Upgraded from
                                                                                CRISIL B
Arya Industries                       Proposed LT Bk     CRISIL B       125     Assigned
                                      Loan Fac
Arya Tankers Pvt Ltd                  External           CRISIL BBB-    1334    Assigned
                                      Commercial
                                      Borrowings
Ashok Agency                          CC                 CRISIL BB      60      Assigned
Ashok Agency                          Proposed LT Bk     CRISIL BB      20      Assigned
                                      Loan Fac
Asian Food Industries                 Packing Credit     CRISIL BBB-    506.2   Reaffirmed
Assam Motors                          Standby Line of    CRISIL BB-     3.7     Assigned
                                      Credit
Assam Motors                          Proposed LT Bk     CRISIL BB-     36.3    Assigned
                                      Loan Fac
Assam Motors                          CC                 CRISIL BB-     38      Assigned
Atri Infrastructure Pvt Ltd           TL                 CRISIL B+      127     Upgraded from
                                                                                CRISIL B
Bagh Bahar Appliances Pvt Ltd         CC                 CRISIL BBB+    430     Assigned
Bagh Bahar Appliances Pvt Ltd         LOC                CRISIL BBB+    50      Assigned
Bhalla International                  Corporate Loan     CRISIL BBB-    25      Reaffirmed
Bhalla International                  Proposed LT Bk     CRISIL BBB-    4.8     Reaffirmed
                                      Loan Fac
Bhalla International                  TL                 CRISIL BBB-    15.2    Reaffirmed
Blackberry Tiles Pvt Ltd              Proposed LT Bk     CRISIL B+      1       Assigned
                                      Loan Fac
Blackberry Tiles Pvt Ltd              Cash TL            CRISIL B+      65      Assigned
Blackberry Tiles Pvt Ltd              CC                 CRISIL B+      20      Assigned
Blue Star Malleable Pvt Ltd           CC                 CRISIL BB+     55      Upgraded from
                                                                                CRISIL BB
BMW India Financial Services Pvt Ltd  Bond Issue         CRISIL AAA     5000    Assigned
BMW India Financial Services Pvt Ltd  Bond Issue         CRISIL AAA     8000    Reaffirmed
BMW India Financial Services Pvt Ltd  Bond Issue         CRISIL AAA     2500    Reaffirmed
Creative Yarn Pvt Ltd                 TL                 CRISIL B       6.5     Assigned
Creative Yarn Pvt Ltd                 CC                 CRISIL B       60      Assigned
Creative Yarn Pvt Ltd                 Proposed LT Bk     CRISIL B       33.5    Assigned
                                      Loan Fac
Darshan Foods Pvt Ltd                 CC                 CRISIL BB      47.5    Assigned
Darshan Foods Pvt Ltd                 Proposed LT Bk     CRISIL BB      25.4    Assigned
                                      Loan Fac
Darshan Foods Pvt Ltd                 Rupee TL           CRISIL BB      27.1    Assigned
Deluxe Sales Corporation              CC                 CRISIL BB-     5       Assigned
Dhariwal Industries Pvt Ltd           TL                 CRISIL BB      962.6   Reaffirmed
Divya Impex                           CC                 CRISIL B       120     Reaffirmed
Everest Organics Ltd                  Proposed LT Bk     CRISIL B+      64      Assigned
                                      Loan Fac
Everest Organics Ltd                  CC                 CRISIL B+      40      Assigned
Everest Organics Ltd                  Bill Discounting   CRISIL B+      40      Assigned
Everest Organics Ltd                  LT Loan            CRISIL B+      30      Assigned
Future Automobile Agency Pvt Ltd      CC                 CRISIL B+      8       Reaffirmed
Future Automobile Agency Pvt Ltd      Channel Financing  CRISIL B+      75      Reaffirmed
Future Automobile Agency Pvt Ltd      Proposed LT Bk     CRISIL B+      42      Reaffirmed
                                      Loan Fac
Future Automobile Agency Pvt Ltd      Standby Line of    CRISIL B+      15      Reaffirmed
                                      Credit
Gangaputra(Regd)                      CC                 CRISIL B       12.4    Reaffirmed
Gangaputra(Regd)                      TL                 CRISIL B       187.6   Reaffirmed
Gehlot Tractors Pvt Ltd               CC                 CRISIL BB-     60      Reaffirmed
Gehlot Tractors Pvt Ltd               WC Demand Loan     CRISIL BB-     10      Reaffirmed
Girdhari Lal Manohar Lal Glass Works  CC                 CRISIL B       70      Upgraded from
No.-2                                                                           CRISIL B-
Girdhari Lal Manohar Lal Glass Works  TL                 CRISIL B       112.2   Upgraded from
No.-2                                                                           CRISIL B-
Gupta Steel (Ship Breakers)           CC                 CRISIL BBB-    110     -
Hitachi Systems Micro Clinic Pvt Ltd  CC                 CRISIL BBB+    200     Upgraded from
                                                                                CRISIL BB+
Hitachi Systems Micro Clinic Pvt Ltd  Proposed LT Bk     CRISIL BBB+    4.5     Upgraded from
                                      Loan Fac                                  CRISIL BB+
Hy-Tuf Steels Pvt. Ltd.               CC                 CRISIL BB+     90      Reaffirmed
Hy-Tuf Steels Pvt. Ltd.               Standby Line of    CRISIL BB+     13.5    Reaffirmed
                                      Credit
Hy-Tuf Steels Pvt. Ltd.               TL                 CRISIL BB+     66      Reaffirmed
Inland Power Ltd                      TL                 CRISIL BBB-    2274.4  Assigned
Inland Power Ltd                      CC                 CRISIL BBB-    365     Assigned
Inland Power Ltd                      Proposed LT Bk     CRISIL BBB-    0.6     Assigned
                                      Loan Fac
Innovation House Industries Pvt Ltd   CC                 CRISIL B+      15      Assigned
Innovation House Industries Pvt Ltd   TL                 CRISIL B+      135     Assigned
Integral Industries Pvt Ltd           Proposed LT Bk     CRISIL BB      600     Assigned
                                      Loan Fac
J.G.Chemicals Pvt Ltd                 CC                 CRISIL BB-     227.2   Reaffirmed
J.G.Chemicals Pvt Ltd                 TL                 CRISIL BB-     12.8    Reaffirmed
J.R.D. International Ltd              CC                 CRISIL BB      85      Reaffirmed
J.R.D. International Ltd              TL                 CRISIL BB      125     Reaffirmed
J.R.D. International Ltd              Proposed CC Limit  CRISIL BB      65      Reaffirmed
JKC General Trading Co.               Buyer Credit Limit CRISIL BB      50      Assigned
JKC General Trading Co.               Warehouse Receipts CRISIL BB      100     Assigned
Kays Jewels Pvt Ltd                   CC                 CRISIL BBB     135     Assigned
Kays Jewels Pvt Ltd                   Export Packing     CRISIL BBB     20      Assigned
                                      Credit
Kays Jewels Pvt Ltd                   Foreign Bill       CRISIL BBB     40      Assigned
                                      Purchase
Kays Jewels Pvt Ltd                   Proposed LT Bk     CRISIL BBB     1       Assigned
                                      Loan Fac
King's Motors Pvt Ltd                 CC                 CRISIL BB      140     Reaffirmed
Krishna Ginning and Pressing Factory  CC                 CRISIL BB-     53      Assigned
Kuldeep Oswal Hosiery Mills Pvt Ltd   Proposed LT Bk     CRISIL BB      39.4    Assigned
                                      Loan Fac
Kuldeep Oswal Hosiery Mills Pvt Ltd   Medium TL          CRISIL BB      75.6    Assigned
Kuldeep Oswal Hosiery Mills Pvt Ltd   CC                 CRISIL BB      50      Assigned
Kunj Bihari Bullions & Jewellers Pvt  CC                 CRISIL B       60      Assigned
Ltd
Lajjya Steels Ltd                     CC                 CRISIL B       180     Reaffirmed
Lajjya Steels Ltd                     Proposed LT Bk     CRISIL B       5       Reaffirmed
                                      Loan Fac
Lajjya Steels Ltd                     Standby Line of    CRISIL B       15      Reaffirmed
                                      Credit
Lee Pharma Ltd                        CC                 CRISIL BBB-    310     -
Lee Pharma Ltd                        Proposed CC Limit  CRISIL BBB-    150     -
Lee Pharma Ltd                        Proposed LT Bk     CRISIL BBB-    140     -
                                      Loan Fac
Lee Pharma Ltd                        Standby Line of    CRISIL BBB-    60      -
                                      Credit
Lee Pharma Ltd                        TL                 CRISIL BBB-    105     -
Lichchhwi Foods India Pvt Ltd         WC TL              CRISIL B       10.5    Assigned
Lichchhwi Foods India Pvt Ltd         WC Fac             CRISIL B       5       Assigned
Lichchhwi Foods India Pvt Ltd         CC                 CRISIL B       60      Assigned
Lichchhwi Foods India Pvt Ltd         TL                 CRISIL B       39.3    Assigned
M. G. T. Motors Pvt Ltd               CC                 CRISIL BB      115     Assigned
M. G. T. Motors Pvt Ltd               TL                 CRISIL BB      10      Assigned
Mangla Amit Builders Pvt. Ltd.        Overdraft Fac      CRISIL BB-     80      Assigned
Manisha Textiles Pvt Ltd              TL                 CRISIL B       10      Assigned
Manisha Textiles Pvt Ltd              CC                 CRISIL B       40      Assigned
Manisha Textiles Pvt Ltd              Foreign LOC        CRISIL B       5       Assigned
Muthoot Automotive India Pvt Ltd      Inventory Funding  CRISIL B+      50      Downgraded
                                      Fac                                       from CRISIL
                                                                                BB-
My Car (Bhopal) Pvt Ltd               CC                 CRISIL B+      350     Reaffirmed
On Load Gears                         Overdraft Fac      CRISIL BBB-    90      Reaffirmed
On Load Gears                         Proposed LT Bk     CRISIL BBB-    4       Reaffirmed
                                      Loan Fac
Pavani Controls & Panels Ltd          Overdraft Fac      CRISIL BBB     10      Assigned
Prakashmani Cottan Industries         Proposed LT Bk     CRISIL B+      8.8     Assigned
                                      Loan Fac
Prakashmani Cottan Industries         CC                 CRISIL B+      40      Assigned
Prakashmani Cottan Industries         Cash TL            CRISIL B+      11.2    Assigned
Priceless Overseas Ltd                CC                 CRISIL BB-     77.5    Assigned
Priceless Overseas Ltd                Proposed LT Bk     CRISIL BB-     22.5    Assigned
                                      Loan Fac
Prince Alloys Pvt.Ltd.                CC                 CRISIL BBB-    50      Withdrawal
Prince Roller Flour Mills Pvt.Ltd     CC                 CRISIL BBB-    70      Reaffirmed
Prince Rollings Pvt.Ltd.              CC                 CRISIL BBB-    50      Rating placed
                                                                                on Notice of
                                                                                Withdrawal
Prince T M T Steels Pvt Ltd           CC                 CRISIL BBB-    90      Reaffirmed
Prince T M T Steels Pvt Ltd           LOC                CRISIL BBB-    20      Reaffirmed
Ragam Metal Products Pvt Ltd          CC                 CRISIL BB-     50      Reaffirmed
Ragam Metal Products Pvt Ltd          TL                 CRISIL BB-     82.5    Reaffirmed
RCS Steel & Auto Pvt Ltd              TL                 CRISIL D       70      Assigned
RNV Industries Pvt Ltd                LOC                CRISIL BB      1100    Reaffirmed
RNV Industries Pvt Ltd                Proposed LT Bk     CRISIL BB      400     Reaffirmed
                                      Loan Fac
Rohan Builders (India) Pvt Ltd        CC                 CRISIL BBB+    710     Assigned
Rohan Builders (India) Pvt Ltd        TL                 CRISIL BBB+    340     Assigned
Rukhmani Cottex                       TL                 CRISIL BB-     18.5    Assigned
Rukhmani Cottex                       CC                 CRISIL BB-     27.5    Assigned
Rukhmani Cottex                       Proposed CC Limit  CRISIL BB-     29      Assigned
SBI Cards and Payment Services Pvt LtdLT Bk Fac*         CRISIL AAA     55000   Reaffirmed
*Cash credit/working capital demand loan
Schreiber Dynamix Dairies Ltd         CC*                CRISIL AA-     100     Reaffirmed
* Inter-changeable with export packing credit and post shipment credit.
Schreiber Dynamix Dairies Ltd         CC                 CRISIL AA-     450     Reaffirmed
Schreiber Dynamix Dairies Ltd         Proposed TL        CRISIL AA-     480     Reaffirmed
Sentosa Granito Pvt Ltd               CC                 CRISIL BB      100     Reaffirmed
Sentosa Granito Pvt Ltd               Proposed LT Bk     CRISIL BB      18.4    Reaffirmed
                                      Loan Fac
Sentosa Granito Pvt Ltd               TL*                CRISIL BB      221.6   Reaffirmed
*Includes a sublimit of Rs.103.6 Million for Letter of Credit
Shivam Castor Products Pvt Ltd        TL                 CRISIL BB      42.9    Assigned
Shivam Castor Products Pvt Ltd        CC                 CRISIL BB      108     Assigned
Shivam Castor Products Pvt Ltd        Proposed LT Bk     CRISIL BB      39.1    Assigned
                                      Loan Fac
Shree Sant Kripa Appliances Pvt Ltd   WC TL              CRISIL BBB+    250     Assigned
Shree Sant Kripa Appliances Pvt Ltd   Proposed LT Bk     CRISIL BBB+    1000    Assigned
                                      Loan Fac
Shree Sant Kripa Appliances Pvt Ltd   Non-FBL            CRISIL BBB+    750     Assigned
Shree Sant Kripa Appliances Pvt Ltd   Bill Discounting   CRISIL BBB+    700     Assigned
Shree Sant Kripa Appliances Pvt Ltd   CC                 CRISIL BBB+    3300    Assigned
Shree Tirupati Balajee FIBC Pvt Ltd   LT Loan            CRISIL BB+     15      Assigned
Shri Ganesh Agro Foods - Delhi        CC                 CRISIL B+      100     Assigned
Silver Oak Shops & Office Co-operativeTL                 CRISIL B-      120.8   Downgraded
Housing Society Ltd                                                             from CRISIL B+
Skytouch Ceramic Pvt Ltd              LT Loan            CRISIL B+      160     Assigned
Skytouch Ceramic Pvt Ltd              CC                 CRISIL B+      60      Assigned
Smit Telecom Pvt Ltd                  CC                 CRISIL B+      62.5    Assigned
Smit Telecom Pvt Ltd                  Proposed LT Bk     CRISIL B+      7.5     Assigned
                                      Loan Fac
Smt. Sonpatti Devi Memorial Medical   TL                 CRISIL B       60      Assigned
Trust
Soiltech (India) Pvt Ltd              Proposed LT Bk     CRISIL BB      10.5    Assigned
                                      Loan Fac
Soiltech (India) Pvt Ltd              CC                 CRISIL BB      12.5    Assigned
Soiltech (India) Pvt Ltd              Proposed TL        CRISIL BB      22.5    Assigned
Soiltech (India) Pvt Ltd              TL                 CRISIL BB      12      Assigned
Soiltech (India) Pvt Ltd              Proposed CC Limit  CRISIL BB      12.5    Assigned
Sonigara Jewellers Pvt Ltd            CC                 CRISIL BB-     120     -
Southern Lubrication Pvt Ltd          CC                 CRISIL BBB-    20      Reaffirmed
Southern Lubrication Pvt Ltd          Proposed LT Bk     CRISIL BBB-    50      Reaffirmed
                                      Loan Fac
Spire Industries Pvt Ltd              Proposed LT Bk     CRISIL D       177.8   Reaffirmed
                                      Loan Fac
Spire Industries Pvt Ltd              Rupee TL           CRISIL D       78.7    Reaffirmed
Sree Narayana Guru Trust              Proposed TL        CRISIL B-      20      Assigned
Sree Narayana Guru Trust              TL                 CRISIL B-      80      Assigned
Sri Lakshmi Saraswathi Spintex Ltd    TL                 CRISIL BB      18.5    Assigned
Sri Lakshmi Saraswathi Spintex Ltd    Proposed LT Bk     CRISIL BB      50.5    Assigned
                                      Loan Fac
Sri Lakshmi Saraswathi Spintex Ltd    CC                 CRISIL BB      20      Assigned
Srinivasa Cotton & Oil Mills Ltd      CC                 CRISIL BBB-    200     Reaffirmed
Srinivasa Cotton & Oil Mills Ltd      LT Loan            CRISIL BBB-    23      Reaffirmed
Srinivasa Cotton & Oil Mills Ltd      Proposed LT Bk     CRISIL BBB-    77      Reaffirmed
                                      Loan Fac
SSK Retails Pvt Ltd                   CC                 CRISIL BBB+    300     Assigned
Sushil Kumar Vijay Kumar              CC                 CRISIL B       50      Assigned
Sushil Kumar Vijay Kumar              Proposed LT Bk     CRISIL B       50      Assigned
                                      Loan Fac
Torrid Motors                         CC                 CRISIL B+      50      Assigned
Torrid Motors                         TL                 CRISIL B+      10      Assigned
UI Pipe Fittings Pvt Ltd              BG                 CRISIL D       2       Reaffirmed
UI Pipe Fittings Pvt Ltd              CC                 CRISIL D       53      Reaffirmed
UI Pipe Fittings Pvt Ltd              LOC                CRISIL D       8       Reaffirmed
UI Pipe Fittings Pvt Ltd              TL                 CRISIL D       70      Reaffirmed
Vadilal Industries Ltd                CC                 CRISIL BBB-    526.7   Reaffirmed
Vadilal Industries Ltd                TL                 CRISIL BBB-    1203.3  Reaffirmed
Velocis Systems Pvt Ltd               BG$                CRISIL BBB-    20      Reaffirmed
$ Interchangeability between Cash Credit (CC) and bank Guarantee (BG) to the extent of Rs.20
million
Velocis Systems Pvt Ltd               CC$                CRISIL BBB-    180     Reaffirmed
$ Interchangeability between Cash Credit (CC) and bank Guarantee (BG) to the extent of Rs.20
million
Velocis Systems Pvt Ltd               TL                 CRISIL BBB-    1.8     Reaffirmed
Viva Vita Diagnostic Systems Pvt Ltd  Proposed LT Bk     CRISIL D       23.3    Assigned
                                      Loan Fac
Viva Vita Diagnostic Systems Pvt Ltd  CC                 CRISIL D       6.7     Assigned
Viva Vita Diagnostic Systems Pvt Ltd  LT Loan            CRISIL D       50      Assigned
West Coast Spices Pvt Ltd             LT Loan            CRISIL B       40      Assigned
West Coast Spices Pvt Ltd             Overdraft Fac      CRISIL B       10      Assigned
White Bricks Buildtech Pvt. Ltd.      CC                 CRISIL B+      40      Assigned
White Bricks Buildtech Pvt. Ltd.      TL                 CRISIL B+      145     Assigned
Wins International                    Proposed LT Bk     CRISIL B       55      Assigned
                                      Loan Fac
Wins International                    CC                 CRISIL B       5       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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