May 29, 2017 / 6:59 AM / 6 months ago

CRISIL ratings for Indian debt instruments-May 29

   May 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 26, 2017.


COMPANY                                INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                 ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aadhar Housing Finance Ltd              CP                 CRISIL A1+     4000    Reaffirmed
Aeon Medical Pvt Ltd                    BG                 CRISIL A4      60      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Anjan Infrastructure Pvt Ltd            BG                 CRISIL A4+     40      Reaffirmed
Issuer Not Cooperating
AOV Exports Pvt Ltd                     BG                 CRISIL A4      12.5    Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Issuer Not Cooperating
AOV Exports Pvt Ltd                     Bill Discounting   CRISIL A4      30      Downgraded
                                        under LOC                                 from CRISIL
                                                                                  A3+
Issuer Not Cooperating
AOV Exports Pvt Ltd                     Post Shipment      CRISIL A4      250     Downgraded
                                        Credit                                    from CRISIL
                                                                                  A3+
Issuer Not Cooperating
AOV Exports Pvt Ltd                     Pre Shipment CreditCRISIL A4      550     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Issuer Not Cooperating
Aqueduct Plastics Pvt Ltd               BG                 CRISIL A4+     120     Issuer Not
                                                                                  Cooperating
Bidesh Plywood Factory Pvt Ltd          LOC                CRISIL D       180     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Bidesh Plywood Factory Pvt Ltd          Standby LOC        CRISIL D       18      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Balrampur Chini Mills Ltd               CP                 CRISIL A1+     12000   Assigned
Banaskantha District Co-Operative Milk  ST Loan            CRISIL A1+     2250    Assigned
Producers Union Ltd
Barnala Steel Industries Ltd            Bill Discounting   CRISIL A4      50      Reaffirmed
                                        under LOC
Issuer Not Cooperating
Bestin Plast                            Overdraft          CRISIL A4      50      Reaffirmed
Issuer Not Cooperating
Brakes India Pvt Ltd                    CP                 CRISIL A1+     250     Reaffirmed
Brakes India Pvt Ltd                    LOC**              CRISIL A1+     1000    Reaffirmed
** Interchangeable with bank guarantee
Continental Furnishers Pvt Ltd          BG                 CRISIL A4      30      Issuer Not
                                                                                  Cooperating
Continental Furnishers Pvt Ltd          LOC                CRISIL A4      6       Issuer Not
                                                                                  Cooperating
Delite Hi-Tech Furniture Industries Pvt BG                 CRISIL A4      25      Reaffirmed
Ltd
Designers Point (India) Pvt Ltd         BG                 CRISIL A4+     5       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Designers Point (India) Pvt Ltd         Packing Credit in  CRISIL A4+     50      Assigned;
                                        Foreign Currency                          Suspension
                                                                                  Revoked
Desu Veeraiah Sons                      BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
E.I.D. Parry India Ltd                  BG                 CRISIL A1+     1750    Reaffirmed
E.I.D. Parry India Ltd                  Deferred Payment   CRISIL A1+     1500    Reaffirmed
                                        Guarantee
E.I.D. Parry India Ltd                  LOC*               CRISIL A1+     2000    Reaffirmed
*Interchangeable with bank guarantee
E.I.D. Parry India Ltd                  Proposed BG        CRISIL A1+     500     Reaffirmed
E.I.D. Parry India Ltd                  ST Debt (Including CRISIL A1+     9500    Reaffirmed
                                        CP)
Emdet Engineers Pvt Ltd                 BG                 CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Emdet Engineers Pvt Ltd                 LOC                CRISIL A4      3.5     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Gujarat Colourlam Pvt Ltd               BG                 CRISIL A3      7.5     Assigned
Hotel Sukhamaya Pvt Ltd                 BG                 CRISIL A4      7.5     Reaffirmed
Issuer Not Cooperating
Ilasakaa Steels Ltd                     LOC                CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Jai Hind Wire Rod Mills Ltd             Proposed NFBL      CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
Kanti Bijlee Utpadan Nigam Ltd          BG                 CRISIL A3      1000    Reaffirmed
Libra International Ltd                 LOC                CRISIL A4+     65      Reaffirmed
Link Quest Telecom Ltd                  BG                 CRISIL A3+     5       Upgraded from
                                                                                  CRISIL A3
Link Quest Telecom Ltd                  LOC                CRISIL A3+     5       Upgraded from
                                                                                  CRISIL A3

Link Quest Telecom Ltd                  Proposed ST Bk     CRISIL A3+     3.4     Assigned
                                        Loan Fac
M/S M.P.Khaitan                         BG                 CRISIL A4+     425     Reaffirmed
Magnum Steels Ltd                       LOC & BG           CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Maimoon Impex L.L.P                     LOC                CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Manipal Media Network Ltd               BG                 CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Manipal Media Network Ltd               LOC                CRISIL A4      180     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Metal Gems                              LOC                CRISIL A3      120     Upgraded from
                                                                                  CRISIL A4+
Miter and Miter Engineers Pvt Ltd       BG                 CRISIL A4      10      Issuer Not
                                                                                  Cooperating
Mohit Ispat Ltd                         BG                 CRISIL A4      35      Reaffirmed
Issuer Not Cooperating
Mohit Ispat Ltd                         LOC                CRISIL A4      100     Reaffirmed
Issuer Not Cooperating
Mujawadia Tractors Pvt Ltd              BG                 CRISIL A4      70      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
MY Store Pvt Ltd                        BG                 CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Oasis Distilleries Ltd                  BG                 CRISIL A4      47.5    Issuer Not
                                                                                  Cooperating
Oasis Distilleries Ltd                  Inland/Import LOC  CRISIL A4      2.5     Issuer Not
                                                                                  Cooperating
P N Shanavas                            BG                 CRISIL A4+     30      Assigned
P. D. Shah and Sons                     BG                 CRISIL A4      2.4     Reaffirmed
Issuer Not Cooperating
Rabindra Surgicals Pvt Ltd              BG                 CRISIL A4      40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Raffles Green Pet India Pvt Ltd         BG                 CRISIL A4      9.5     Reaffirmed
S P Iron Pvt Ltd                        LOC                CRISIL A4      20      Reaffirmed
S. Roy Engineering Co                   BG                 CRISIL A4+     85      Assigned
Sanjay Kumar Agrawal                    BG                 CRISIL A4+     120     Assigned
Issuer Not Cooperating
Shresid Interiors Pvt Ltd               BG                 CRISIL A4      45      Reaffirmed
Issuer Not Cooperating
Shri Shyam Ispat India Pvt Ltd          LOC                CRISIL A2+     27.5    Assigned
Shri Shyam Ispat India Pvt Ltd          BG                 CRISIL A2+     22.5    Assigned
Singhal Enterprises Pvt Ltd             BG                 CRISIL A2+     30      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Singhal Enterprises Pvt Ltd             LOC*               CRISIL A2+     20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
*Fully interchangeable with bank guarantee
Sri Bhagavathy Traders                  BG                 CRISIL A3      95      Upgraded from
                                                                                  CRISIL A4+
Sri Bhagavathy Traders Pvt Ltd          BG                 CRISIL A3      5       Upgraded from
                                                                                  CRISIL A4+
Sushitex Industries Pvt Ltd             BG                 CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Swizzer Ceramic Pvt Ltd                 BG                 CRISIL A4+     40      Upgraded from
                                                                                  CRISIL A4
Vedanta Ltd                             EPCG Guarantee     CRISIL A1+     30321.2 Reaffirmed
                                        (ST)#
# Equivalent to USD 450 million, 1 USD=INR 67.38
Vedanta Ltd                             Non-FBL*           CRISIL A1+     159250  Reaffirmed
* Non-fund-based limit of Rs 1500 crore interchangeable with fund-based limit
Vedanta Ltd                             ST Debt (Including CRISIL A1+     130000  Reaffirmed
                                        CP Programme)
Venus Garments India Ltd                LOC & BG           CRISIL A4      149.1   Reaffirmed
Zuri Hotels and Resorts Pvt Ltd         Overdraft          CRISIL A4      20      Reaffirmed
Issuer Not Cooperating

LONG TERM RATINGS:
-------------------
A V Anjaneya Prasad                     LT Loan            CRISIL BB-     50      Assigned
Adams Marketing Pvt Ltd                 BG                 CRISIL D       25      Reaffirmed
Issuer Not Cooperating
Adams Marketing Pvt Ltd                 CC                 CRISIL D       215     Reaffirmed
Issuer Not Cooperating
Adams Marketing Pvt Ltd                 Proposed LT Bk     CRISIL D       35      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Adams Marketing Pvt Ltd                 TL                 CRISIL D       10      Reaffirmed
Issuer Not Cooperating
Aeon Medical Pvt Ltd                    CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Aeon Medical Pvt Ltd                    Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Ahinsa Flour Mill Pvt Ltd               CC                 CRISIL BB      40      Assigned
Ahinsa Flour Mill Pvt Ltd               TL                 CRISIL BB      34      Assigned
Anjan Infrastructure Pvt Ltd            CC                 CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating
Anjan Infrastructure Pvt Ltd            Proposed LT Bk     CRISIL BB-     29.9    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
AOV Exports Pvt Ltd                     Foreign Currency TLCRISIL B+      33.4    Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Issuer Not Cooperating
AOV Exports Pvt Ltd                     Proposed LT Bk     CRISIL B+      53.6    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Issuer Not Cooperating
AOV Exports Pvt Ltd                     TL                 CRISIL B+      70.5    Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Issuer Not Cooperating
Aqueduct Plastics Pvt Ltd               Proposed LT Bk     CRISIL BB-     104.7   Issuer Not
                                        Loan Fac                                  Cooperating
Aqueduct Plastics Pvt Ltd               CC                 CRISIL BB-     8.1     Issuer Not
                                                                                  Cooperating
Astha Beej Company Pvt Ltd              TL                 CRISIL B+      13.4    Assigned
Astha Beej Company Pvt Ltd              Standby Line of    CRISIL B+      3.5     Assigned
                                        Credit
Astha Beej Company Pvt Ltd              CC                 CRISIL B+      25      Assigned
Astha Beej Company Pvt Ltd              Proposed LT Bk     CRISIL B+      18.1    Assigned
                                        Loan Fac
Balrampur Chini Mills Ltd               SEFASU Loan@       CRISIL AA      1490.1  Assigned
@Scheme for Extending Financial Assistance to Sugar Undertaking (SEFASU)
Balrampur Chini Mills Ltd               Proposed CC Limit^^CRISIL AA      164.9   Assigned
^^current outstanding is NIL
Balrampur Chini Mills Ltd               CC*                CRISIL AA      9530    Assigned
*interchangeable with non-fund based facility of Rs 20 crore and
 forward cover facility of Rs 4 crore
Balrampur Chini Mills Ltd               CC#                CRISIL AA      2720    Assigned
#interchangeable with non-fund based facility of Rs 25 crore
Balrampur Chini Mills Ltd               CC^                CRISIL AA      3750    Assigned
^interchangeable with non-fund based facility of Rs 50 crore
Balrampur Chini Mills Ltd               LT Loan            CRISIL AA      345     Assigned
Banaskantha District Co-Operative Milk  CC*                CRISIL AA+     2000    Reaffirmed
Producers Union Ltd
* Cash credit is interchangeable with short-term loan
Banaskantha District Co-Operative Milk  LT Loan            CRISIL AA+     2680    Reaffirmed
Producers Union Ltd
Banaskantha District Co-Operative Milk  Proposed LT Bk     CRISIL AA+     1070    Assigned
Producers Union Ltd                     Loan Fac
Bansal Associates Ltd                   CC                 CRISIL BB-     150     Reaffirmed
Barnala Steel Industries Ltd            CC                 CRISIL B       600     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Barnala Steel Industries Ltd            TL                 CRISIL B       60      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Beena Metals                            Overdraft          CRISIL B       21      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Beena Metals                            Proposed WC Fac    CRISIL B       29      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Bhavani Renewable Energy Pvt Ltd        LT Loan            CRISIL BB-     110     Assigned
Bidesh Plywood Factory Pvt Ltd          BG                 CRISIL D       5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Bidesh Plywood Factory Pvt Ltd          CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL B+
Bidesh Plywood Factory Pvt Ltd          Proposed LT Bk     CRISIL D       37      Downgraded
                                        Loan Fac                                  from CRISIL B+
Brakes India Pvt Ltd                    NCD                CRISIL AA+     200     Reaffirmed
Brakes India Pvt Ltd                    CC*                CRISIL AA+     2250    Reaffirmed
* Interchangeable with short-term loan, working capital demand loan,
 packing credit, and other fund- based limits
Clavecon India Pvt Ltd                  CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL B+
Clavecon India Pvt Ltd                  LT Loan            CRISIL B       120     Downgraded
                                                                                  from CRISIL B+
Continental Furnishers Pvt Ltd          CC                 CRISIL B-      22.5    Reaffirmed
Continental Furnishers Pvt Ltd          Proposed LT Bk     CRISIL B-      21.5    Reaffirmed
                                        Loan Fac
Delite Hi-Tech Furniture Industries Pvt CC                 CRISIL B+      40      Reaffirmed
Ltd
Delite Hi-Tech Furniture Industries Pvt LT Loan            CRISIL B+      55      Reaffirmed
Ltd
Delite Hi-Tech Furniture Industries Pvt Proposed LT Bk     CRISIL B+      15      Assigned
Ltd                                     Loan Fac
Designers Point (India) Pvt Ltd         CC                 CRISIL BB      20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Designers Point (India) Pvt Ltd         Proposed LT Bk     CRISIL BB      5       Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Desu Veeraiah Sons                      CC                 CRISIL B       175     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
E.I.D. Parry India Ltd                  CC#                CRISIL AA-     4000    Upgraded from
                                                                                  CRISIL A+
#Interchangeable with other fund-based limits, including working capital 
demand loan, packing credit, short-term loans, and buyer's credit.
E.I.D. Parry India Ltd                  LT Loan            CRISIL AA-     6765    Upgraded from
                                                                                  CRISIL A+
E.I.D. Parry India Ltd                  Proposed LT Bk     CRISIL AA-     3037    Upgraded from
                                        Loan Fac                                  CRISIL A+
E.I.D. Parry India Ltd                  NCD                CRISIL AA-     1000    Upgraded from
                                                                                  CRISIL A+
E.I.D. Parry India Ltd                  NCD                CRISIL AA-     1000    Upgraded from
                                                                                  CRISIL A+
Emdet Engineers Pvt Ltd                 CC                 CRISIL B       75      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Emdet Engineers Pvt Ltd                 TL                 CRISIL B       101.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Gujarat Colourlam Pvt Ltd               TL                 CRISIL BBB-    185     Assigned
Gujarat Colourlam Pvt Ltd               Proposed LT Bk     CRISIL BBB-    2.5     Assigned
                                        Loan Fac
Gujarat Colourlam Pvt Ltd               CC                 CRISIL BBB-    140     Assigned
Gujral and Sons                         CC                 CRISIL D       65      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Hind Charity Trust                      Overdraft          CRISIL B       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Hind Charity Trust                      TL                 CRISIL B       330     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Hotel Sukhamaya Pvt Ltd                 CC                 CRISIL B-      20      Reaffirmed
Issuer Not Cooperating
Hotel Sukhamaya Pvt Ltd                 TL                 CRISIL B-      42.5    Reaffirmed
Issuer Not Cooperating
Ilasakaa Steels Ltd                     CC                 CRISIL B       290     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Ilasakaa Steels Ltd                     LT Loan            CRISIL B       2.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Jai Bhavani Furnishing Pvt Ltd          CC                 CRISIL B       120     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Jai Hind Wire Rod Mills Ltd             Buyer`s Credit     CRISIL BB-     150     Reaffirmed
Jai Hind Wire Rod Mills Ltd             CC                 CRISIL BB-     90      Reaffirmed
Jai Hind Wire Rod Mills Ltd             Proposed FB Bk     CRISIL BB-     85.6    Reaffirmed
                                        Limits
Jai Hind Wire Rod Mills Ltd             TL                 CRISIL BB-     150     Reaffirmed
Jai Maakali Poultry Farms               CC                 CRISIL D       95      Reaffirmed
Issuer Not Cooperating
Jai Maakali Poultry Farms               LT Loan            CRISIL D       30      Reaffirmed
Issuer Not Cooperating
Jamshedpur Minerals & Chemicals         CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Jamshedpur Minerals & Chemicals         Foreign LOC        CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Jamshedpur Minerals & Chemicals         TL                 CRISIL BB-     10      Upgraded from
                                                                                  CRISIL B+
Jomsons Enterprises (India) Pvt Ltd     CC                 CRISIL B       110     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Jomsons Enterprises (India) Pvt Ltd     LT Loan            CRISIL B       95      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Kakarania Innovative Systems Pvt Ltd    CC                 CRISIL BBB-    30      Upgraded from
                                                                                  CRISIL BB+
Kakarania Innovative Systems Pvt Ltd    Proposed FB Bk     CRISIL BBB-    10      Upgraded from
                                        Limits                                    CRISIL BB+
Kakarania Innovative Systems Pvt Ltd    TL                 CRISIL BBB-    10      Assigned
Kanti Bijlee Utpadan Nigam Ltd          CC                 CRISIL BBB-    2200    Reaffirmed
Kanti Bijlee Utpadan Nigam Ltd          LT Loan            CRISIL BBB-    26039.1 Reaffirmed
Kanti Bijlee Utpadan Nigam Ltd          Proposed CC Limit  CRISIL BBB-    3150    Reaffirmed
Kanti Bijlee Utpadan Nigam Ltd          Proposed LT Bk     CRISIL BBB-    1613.7  Reaffirmed
                                        Loan Fac
KMB Trading Corporation Pvt Ltd         CC                 CRISIL D       60      Reaffirmed
Issuer Not Cooperating
KMB Trading Corporation Pvt Ltd         Corporate Loan     CRISIL D       25      Reaffirmed
Issuer Not Cooperating
KMB Trading Corporation Pvt Ltd         Funded Interest TL CRISIL D       41.5    Reaffirmed
Issuer Not Cooperating
KMB Trading Corporation Pvt Ltd         LT Loan            CRISIL D       127.2   Reaffirmed
Issuer Not Cooperating
KMB Trading Corporation Pvt Ltd         Proposed LT Bk     CRISIL D       11.3    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Lal Baba Seamless Tubes Pvt Ltd         CC                 CRISIL B-      135     Reaffirmed
Lal Baba Seamless Tubes Pvt Ltd         TL                 CRISIL B-      18.2    Reaffirmed
Libra International Ltd                 CC                 CRISIL BB      77.5    Upgraded from
                                                                                  CRISIL BB-
Libra International Ltd                 TL                 CRISIL BB      7.5     Upgraded from
                                                                                  CRISIL BB-
Link Quest Telecom Ltd                  CC                 CRISIL BBB     250     Upgraded from
                                                                                  CRISIL BBB-
Link Quest Telecom Ltd                  LT Loan            CRISIL BBB     15.7    Upgraded from
                                                                                  CRISIL BBB-
Link Quest Telecom Ltd                  Proposed LT Bk     CRISIL BBB     14.3    Assigned
                                        Loan Fac
M/S M.P.Khaitan                         CC                 CRISIL BB+     150     Reaffirmed
Magnum Steels Ltd                       CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Magnum Steels Ltd                       Proposed LT Bk     CRISIL B       55      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Maimoon Impex L.L.P                     CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Manipal Media Network Ltd               CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Manipal Media Network Ltd               Proposed LT Bk     CRISIL B       159.6   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Manipal Media Network Ltd               TL                 CRISIL B       0.4     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Manjushree Innovations Pvt Ltd          TL                 CRISIL B+      350     Reaffirmed
Manjushree Polypacks Pvt Ltd            CC                 CRISIL BBB-    45      Upgraded from
                                                                                  CRISIL BB+
Manjushree Polypacks Pvt Ltd            Proposed LT Bk     CRISIL BBB-    5       Upgraded from
                                        Loan Fac                                  CRISIL BB+
Metal Gems                              CC                 CRISIL BBB-    175     Upgraded from
                                                                                  CRISIL BB+
Miter and Miter Engineers Pvt Ltd       CC                 CRISIL B       45      Issuer Not
                                                                                  Cooperating
Miter and Miter Engineers Pvt Ltd       Proposed LT Bk     CRISIL B       35      Issuer Not
                                        Loan Fac                                  Cooperating
Miter and Miter Engineers Pvt Ltd       TL                 CRISIL B       90      Issuer Not
                                                                                  Cooperating
Mohit Ispat Ltd                         CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Moonak Ispat Udyog                      CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Moonak Ispat Udyog                      Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Mujawadia Tractors Pvt Ltd              CC                 CRISIL B       1       Reaffirmed
Issuer Not Cooperating
MY Store Pvt Ltd                        CC                 CRISIL B+      100     Reaffirmed
Issuer Not Cooperating
MY Store Pvt Ltd                        TL                 CRISIL B+      50      Reaffirmed
Issuer Not Cooperating
National Highways Authority of India    LT Borrowing       CRISIL AAA     590000  Reaffirmed
                                        Programme 
National Highways Authority of India    LT Borrowing       CRISIL AAA     331180  Reaffirmed
                                        Programme 
National Highways Authority of India    TFBs               CRISIL AAA     190000  Reaffirmed
National Highways Authority of India    TFBs               CRISIL AAA     100000  Reaffirmed
National Highways Authority of India    TFBs               CRISIL AAA     50000   Reaffirmed
National Highways Authority of India    NCD*               CRISIL AAA     40000   Withdrawal
*partly raised as 54 EC Capital Gain Tax Exemption Bonds
Oasis Distilleries Ltd                  CC                 CRISIL B       415     Issuer Not
                                                                                  Cooperating
Oasis Distilleries Ltd                  Proposed LT Bk     CRISIL B       15      Issuer Not
                                        Loan Fac                                  Cooperating
Oasis Distilleries Ltd                  Standby Line of    CRISIL B       40      Issuer Not
                                        Credit                                    Cooperating
Oasis Distilleries Ltd                  TL                 CRISIL B       190     Issuer Not
                                                                                  Cooperating
P N Shanavas                            Proposed WC Fac    CRISIL BB-     55      Assigned
P N Shanavas                            CC/ Overdraft Fac  CRISIL BB-     65      Assigned
P. D. Shah and Sons                     CC                 CRISIL B       250     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
P. D. Shah and Sons                     Proposed LT Bk     CRISIL B       70.1    Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
P. D. Shah and Sons                     TL                 CRISIL B       57.5    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
PEW Engineering Pvt Ltd                 Proposed LT Bk     CRISIL B       100     Downgraded
                                        Loan Fac                                  from CRISIL BB
R.K. Pulses Pvt Ltd                     CC                 CRISIL B       80      Reaffirmed
Rabindra Surgicals Pvt Ltd              CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Raffles Green Pet India Pvt Ltd         CC                 CRISIL B-      40      Upgraded from
                                                                                  CRISIL C
Raffles Green Pet India Pvt Ltd         Proposed LT Bk     CRISIL B-      1       Upgraded from
                                        Loan Fac                                  CRISIL C
Raffles Green Pet India Pvt Ltd         TL                 CRISIL B-      49.5    Upgraded from
                                                                                  CRISIL C
Raghavendra Cotton Corporation          CC                 CRISIL B+      60      Assigned
Ram Nath Memorial Trust Society         Funded Interest TL CRISIL D       35.5    Reaffirmed
Issuer Not Cooperating
Ram Nath Memorial Trust Society         TL                 CRISIL D       163     Reaffirmed
Issuer Not Cooperating
Rose Industries                         CC                 CRISIL B       60      Assigned
Rose Industries                         TL                 CRISIL B       16      Assigned
S P Iron Pvt Ltd                        Bill Discounting   CRISIL B+      30      Reaffirmed
S P Iron Pvt Ltd                        CC                 CRISIL B+      100     Reaffirmed
S. Roy Engineering Co                   CC                 CRISIL BB-     35      Assigned
Sabaris Educational Trust               CC                 CRISIL D       5       Reaffirmed
Sabaris Educational Trust               TL                 CRISIL D       112     Reaffirmed
Sanjay Kumar Agrawal                    CC                 CRISIL BB      1       Assigned
Issuer Not Cooperating
Service Master Clean Ltd                CC                 CRISIL BBB+    100     Reaffirmed
Shree Vaishnav Casting Pvt Ltd          BG                 CRISIL D       80      Reaffirmed
Issuer Not Cooperating
Shree Vaishnav Casting Pvt Ltd          CC                 CRISIL D       470     Reaffirmed
Issuer Not Cooperating
Shree Vaishnav Casting Pvt Ltd          LOC                CRISIL D       420     Reaffirmed
Issuer Not Cooperating
Shree Vaishnav Casting Pvt Ltd          Proposed ST Bk     CRISIL D       309.7   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Shree Vaishnav Casting Pvt Ltd          Standby Line of    CRISIL D       50      Reaffirmed
                                        Credit
Issuer Not Cooperating
Shree Vaishnav Casting Pvt Ltd          TL                 CRISIL D       670.3   Reaffirmed
Issuer Not Cooperating
Shresid Interiors Pvt Ltd               CC                 CRISIL B-      35      Reaffirmed
Issuer Not Cooperating
Shri Shiv Shakti Cot Fab Pvt Ltd        CC                 CRISIL D       15      Reaffirmed
Issuer Not Cooperating
Shri Shiv Shakti Cot Fab Pvt Ltd        Proposed LT Bk     CRISIL D       103.2   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Shri Shiv Shakti Cot Fab Pvt Ltd        TL                 CRISIL D       81.8    Reaffirmed
Issuer Not Cooperating
Shri Shyam Ispat India Pvt Ltd          TL                 CRISIL A-      230     Assigned
Shri Shyam Ispat India Pvt Ltd          Proposed LT Bk     CRISIL A-      20      Assigned
                                        Loan Fac
Shri Shyam Ispat India Pvt Ltd          CC                 CRISIL A-      200     Assigned
Singhal Enterprises Pvt Ltd             CC                 CRISIL A-      350     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Siva Filling Station                    CC                 CRISIL B+      17      Assigned
Siva Filling Station                    Proposed LT Bk     CRISIL B+      33      Assigned
                                        Loan Fac
Smart Agro Food Park Pvt Ltd            TL                 CRISIL B       270     Assigned
Sri Bhagavathy Traders                  CC                 CRISIL BBB-    3       Upgraded from
                                                                                  CRISIL BB+
Sri Bhagavathy Traders                  LT Loan            CRISIL BBB-    50      Upgraded from
                                                                                  CRISIL BB+
Sri Bhagavathy Traders                  Proposed LT Bk     CRISIL BBB-    105.2   Upgraded from
                                        Loan Fac                                  CRISIL BB+
Sri Bhagavathy Traders Pvt Ltd          CC                 CRISIL BBB-    120     Upgraded from
                                                                                  CRISIL BB+
Sri Lakshmi Ganesh Spinning Mills O.E.  CC                 CRISIL BB-     20      Reaffirmed
Division
Sri Lakshmi Ganesh Spinning Mills O.E.  LT Loan            CRISIL BB-     55      Reaffirmed
Division
SunBorne Energy Gujarat One Pvt Ltd     TL                 CRISIL A-      1440    Upgraded from
                                                                                  CRISIL BBB+
Sushitex Industries Pvt Ltd             CC                 CRISIL B+      30      Reaffirmed
Issuer Not Cooperating
Sushitex Industries Pvt Ltd             Export Packing     CRISIL B+      135     Reaffirmed
                                        Credit
Issuer Not Cooperating
Sushitex Industries Pvt Ltd             Proposed LT Bk     CRISIL B+      45.7    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Sushitex Industries Pvt Ltd             TL                 CRISIL B+      180     Reaffirmed
Issuer Not Cooperating
Swachha Beverages Pvt Ltd               BG                 CRISIL D       2       Issuer Not
                                                                                  Cooperating
Swachha Beverages Pvt Ltd               CC                 CRISIL D       20      Issuer Not
                                                                                  Cooperating
Swachha Beverages Pvt Ltd               Proposed LT Bk     CRISIL D       7       Issuer Not
                                        Loan Fac                                  Cooperating
Swachha Beverages Pvt Ltd               TL                 CRISIL D       35      Issuer Not
                                                                                  Cooperating
Swati Educational Society               LT Loan            CRISIL BB-     100     Assigned
Swizzer Ceramic Pvt Ltd                 CC                 CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Swizzer Ceramic Pvt Ltd                 LT Loan            CRISIL BB-     215     Upgraded from
                                                                                  CRISIL B+
Teknoflow Green Equipments Pvt Ltd      CC                 CRISIL B       37.5    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Teknoflow Green Equipments Pvt Ltd      TL                 CRISIL B       95      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Tuli Motors Pvt Ltd                     Proposed FB Bk     CRISIL B-      47      Reaffirmed
                                        Limits
Issuer Not Cooperating
Tuli Motors Pvt Ltd                     WC Fac             CRISIL B-      18      Reaffirmed
Issuer Not Cooperating
Tuli Motors Pvt Ltd                     WC Loan            CRISIL B-      60      Reaffirmed
Issuer Not Cooperating
Vardhman Ispat Udyog                    CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Vedanta Ltd                             External           CRISIL AA      33091   Reaffirmed
                                        Commercial
                                        Borrowings
Vedanta Ltd                             FB Fac**           CRISIL AA      47300   Reaffirmed
**Fund-based limit completely interchangeable with non-fund-based limit
Vedanta Ltd                             Non-FBL##          CRISIL AA      5000    Reaffirmed
## Capex letter of credit limit, interchangeable with operational non-fund based limits
Vedanta Ltd                             Rupee TL           CRISIL AA      10000   Reaffirmed
Vedanta Ltd                             TL                 CRISIL AA      142450  Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      500     Assigned
Vedanta Ltd                             NCDs               CRISIL AA      5000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      3000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      3000    Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      12500   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      15000   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      56000   Reaffirmed
Vedanta Ltd                             NCDs               CRISIL AA      21000   Reaffirmed
Vedanta Ltd                             PS                 CRISIL AA      30100   Reaffirmed
Venus Garments India Ltd                Proposed LT Bk     CRISIL B-      31.7    Revised
                                        Loan Fac
Venus Garments India Ltd                TL                 CRISIL B-      738.3   Revised
Venus Garments India Ltd                WC Fac             CRISIL B-      690     Revised
Vij Agro Exports Pvt Ltd                CC                 CRISIL B       600     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Vohra Solvex Pvt Ltd                    CC                 CRISIL B       90      Reaffirmed
Zuri Hotels and Resorts Pvt Ltd         TL                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
--------------------------------------------------------------------------------------------
$: 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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