October 1, 2019 / 10:22 AM / 2 months 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, 2019.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. B. Pal Electricals Pvt Ltd           BG                 CRISIL A4      1
(Issuer Not Cooperating)
A. B. Pal Electricals Pvt Ltd           Bills              CRISIL A4      9
                                        Discount/Cheque
                                        Purchase
(Issuer Not Cooperating)
A. B. Pal Electricals Pvt Ltd           Inland/Import LOC  CRISIL A4      30
(Issuer Not Cooperating)
A.C. Brothers                           Bill Purchase      CRISIL A3      10      Reaffirmed
                                        Discounting Fac
A.C. Brothers                           Packing Credit     CRISIL A3      70      Reaffirmed
A.P.I. Civilcon Pvt Ltd                 BG                 CRISIL A3      700     Assigned
Aasma Foods and Beverages Pvt Ltd       Inland/Import LOC  CRISIL A4+     2.5     Assigned
Advance Steel Tubes Ltd                 LOC & BG           CRISIL A4+     270     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Agribase Commodities                    Foreign Exchange   CRISIL A4      3.3
                                        Forward
(Issuer Not Cooperating)
Alliance International Tours And TravelsBG                 CRISIL A4      50      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Alliance International Tours And TravelsOverdraft          CRISIL A4      11.1    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Almondz Global Infra-Consultant Ltd     BG                 CRISIL A4+     87.1    Reaffirmed
Amarson Overseas Pvt Ltd                Foreign Exchange   CRISIL A4      15
                                        Forward
(Issuer Not Cooperating)
Amarson Overseas Pvt Ltd                Inland/Import LOC  CRISIL A4      5
(Issuer Not Cooperating)
Amarson Overseas Pvt Ltd                Packing Credit     CRISIL A4      15
(Issuer Not Cooperating)
Amore Jewels Pvt Ltd                    BG                 CRISIL A4+     200     Reassigned
Arcon Project Pvt Ltd                   BG                 CRISIL A4      79.5    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Arix Ceramic Industries                 BG                 CRISIL A4      10      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Asia Resorts Ltd                        BG                 CRISIL A4      10      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Avinashi Ads                            BG                 CRISIL A4      40
(Issuer Not Cooperating)
Balaji Associates - Nagpur              BG                 CRISIL A4+     50      Reaffirmed
Bayer Bioscience Pvt Ltd                Non-FBL#           CRISIL A1+     4.2     Reaffirmed
#Comprises letter of credit and bank guarantee (fully interchangeable) 
Bhadresh Natural Resources Pvt Ltd      LOC                CRISIL A4      160
(Issuer Not Cooperating)
Bhanu Construction                      BG                 CRISIL A4      250
(Issuer Not Cooperating)
Bharat Rail Automations Pvt Ltd         BG                 CRISIL A4      450     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
BKB Transport Pvt Ltd                   BG                 CRISIL A4      550     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
BKB Transport Pvt Ltd                   Overdraft          CRISIL A4      60      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Blue Phosphate Ltd                      LOC                CRISIL A4+     100     Assigned
Brahmaputra River Valley Trading Pvt LtdBG                 CRISIL A4      150
(Issuer Not Cooperating)
BS Mining Corporation Pvt Ltd           BG                 CRISIL A4      5
(Issuer Not Cooperating)
Bunge India Pvt Ltd                     BG                 CRISIL A1+     200     Reassigned
C.M.S. Balan & Co.                      Packing Credit     CRISIL A4      20
(Issuer Not Cooperating)
Cargill India Pvt Ltd                   CP Programme       CRISIL A1+     3000    Reaffirmed
CCS Computers Pvt Ltd                   BG                 CRISIL A3      420     Reaffirmed
CCS Computers Pvt Ltd                   LOC                CRISIL A3      20      Reaffirmed
Ceigall India Ltd                       BG                 CRISIL A3+     150     Assigned
Chakri Fisheries Pvt Ltd                BG                 CRISIL A4      2.5
(Issuer Not Cooperating)
Chakri Fisheries Pvt Ltd                Packing Credit     CRISIL A4      60
(Issuer Not Cooperating)
Circle Infotech Pvt Ltd                 LOC                CRISIL A4      90      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Classic Binding Industries              Letter Of GuaranteeCRISIL A3      100     Reaffirmed
Classic Engicon Pvt Ltd                 BG                 CRISIL A4      160     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Cometweld Pvt Ltd                       LOC                CRISIL A4+     30      Assigned
Cometweld Pvt Ltd                       BG                 CRISIL A4+     25.3    Assigned
Dwarakamai Constructions Pvt Ltd        BG                 CRISIL A4      90      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Eastern Condiments Pvt Ltd              CP                 CRISIL A1      500     Reaffirmed
Eastern Condiments Pvt Ltd              ST Loan***         CRISIL A1      730     Reaffirmed
***Interchangeable with Packing Currency in Foreign Currency / Indian Rupee
Eastern Condiments Pvt Ltd              ST Loan            CRISIL A1      700     Reaffirmed
Elica Vitrified Pvt Ltd                 BG                 CRISIL A4      25      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Enaltec Labs Pvt Ltd                    LOC                CRISIL A3+     110     Reaffirmed
Enaltec Labs Pvt Ltd                    Packing Credit in  CRISIL A3+     150     Reaffirmed
                                        Foreign Currency
Energy Efficiency Services Ltd          CP                 CRISIL A1+     4000    Reaffirmed
Eternal Motors Pvt Ltd                  BG                 CRISIL A4      15
(Issuer Not Cooperating)
Feris Spintex Pvt Ltd                   BG                 CRISIL A4      20
(Issuer Not Cooperating)
Future Parking Pvt Ltd                  BG                 CRISIL A2+     45      Reaffirmed
Gautam International Pratisthan         BG                 CRISIL A4+     114     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
GMM Pfaudler Ltd                        CP                 CRISIL A1+     100     Withdrawn
GMM Pfaudler Ltd                        BG*                CRISIL A1+     300     Reaffirmed
*Fully interchangeable with each other
GMM Pfaudler Ltd                        BG                 CRISIL A1+     300     Reaffirmed
GMM Pfaudler Ltd                        LOC*               CRISIL A1+     200     Reaffirmed
*Fully interchangeable with each other
Govardhan Cars Pvt Ltd                  Inventory Funding  CRISIL A4      40
                                        Fac
(Issuer Not Cooperating)
Haldiram Snacks Pvt Ltd                 BG                 CRISIL A1+     25      Reaffirmed
Haldiram Snacks Pvt Ltd                 LOC                CRISIL A1+     500     Reaffirmed
Hariom Pipe Industries Ltd              BG                 CRISIL A3+     5       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Hariom Pipe Industries Ltd              LOC                CRISIL A3+     80      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Haritasa Electronics Solutions Pvt Ltd  BG                 CRISIL A4      30
(Issuer Not Cooperating)
Hero Motocorp Ltd                       CP                 CRISIL A1+     160     Reaffirmed
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     1750    Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     1000    Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     500     Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     800     Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     330     Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     1000    Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     250     Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Non-FBL*           CRISIL A1+     1000    Reaffirmed
*Funded facility interchangeable with non-funded lines
Hindalco Industries Ltd                 CP                 CRISIL A1+     9000    Reaffirmed
Hindusthan Technologies Pvt Ltd         BG                 CRISIL A4      70
(Issuer Not Cooperating)
Hindusthan Technologies Pvt Ltd         Proposed ST Bk     CRISIL A4      40
                                        Loan Fac
(Issuer Not Cooperating)
Hussain Sheth Ispat (S.B)               Proposed LOC       CRISIL A4+     500     Assigned
J. P. C. Enterprises                    BG                 CRISIL A4+     20      Reaffirmed
J. P. C. Enterprises                    Project Loan       CRISIL A4+     30      Reaffirmed
Jhajjar Power Ltd                       CP                 CRISIL A1+     8000    Reaffirmed
JM Financial Capital Ltd                ST Debt (Including CRISIL A1+     10000   Reaffirmed
                                        CP)
Kartik Industries                       Inland/Import LOC  CRISIL A4+     400     Migrated
(Issuer Not Cooperating)
Koushic Pressure Vessels Pvt Ltd        BG                 CRISIL A4      50      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Krishna Speciality Chemicals Pvt Ltd    LOC                CRISIL A4      60      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Kush Synthetics Pvt Ltd                 Inland/Import LOC  CRISIL A3      50      Reaffirmed
Kush Synthetics Pvt Ltd                 Proposed LOC       CRISIL A3      50      Reaffirmed
Lilly Maritime Pvt Ltd                  Letter Of GuaranteeCRISIL A4+     25      Reaffirmed
Lubrizol India Pvt Ltd                  LOC & BG           CRISIL A1+     130     Reaffirmed
M. G. Jaijith                           BG                 CRISIL A4+     30      Upgraded from
                                                                                  CRISIL A4'
M. G. Jaijith                           Overdraft          CRISIL A4+     70      Upgraded from
                                                                                  CRISIL A4'
M.R. Hi-Tech Engineers Pvt Ltd          BG                 CRISIL A4+     55      Assigned
Assigned; Suspension Revoked
Macawber Beekay Pvt Ltd                 BG                 CRISIL A3      5550    Reaffirmed
Macawber Beekay Pvt Ltd                 LOC                CRISIL A3      700     Reaffirmed
Macawber Beekay Pvt Ltd                 LOC & BG           CRISIL A3      1850    Reaffirmed
Mahindra and Mahindra Ltd               LOC & BG           CRISIL A1+     7000    Reaffirmed
Mahindra and Mahindra Ltd               CP                 CRISIL A1+     5000    Reaffirmed
Mani Export Pvt Ltd                     Post Shipment      CRISIL A4+     181     Assigned
                                        Credit
Meghmani Organics Ltd                   LOC & BG           CRISIL A1      350     Reaffirmed
Meghmani Organics Ltd                   LOC & BG!          CRISIL A1      400     Reaffirmed
!Interchangeable with buyer's credit
Modtech Material Handling Projects Pvt  BG                 CRISIL A4+     50      Migrated from
Ltd                                                                               CRISIL A4+
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt  LOC                CRISIL A4+     30      Migrated from
Ltd                                                                               CRISIL A4+
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt  Proposed NFBL      CRISIL A4+     91      Migrated from
Ltd                                                                               CRISIL A4+
(Issuer Not Cooperating)
Nextile Marbosys Pvt Ltd                Post Shipment      CRISIL A3      30      Assigned
                                        Credit
Nextile Marbosys Pvt Ltd                BG                 CRISIL A3      60      Assigned
Nikita Papers Ltd                       LOC                CRISIL A3      70      Reaffirmed
Nous Infosystems Pvt Ltd                Packing Credit in  CRISIL A3+     250     Reaffirmed
                                        Foreign Currency
Oberoi Construction                     BG                 CRISIL A4+     85      Reaffirmed
Oberoi Construction                     Proposed BG        CRISIL A4+     310     Reaffirmed
Pallickal Agro Mills                    BG                 CRISIL A4      32.5    Reaffirmed
Peregrine Guarding Pvt Ltd              BG                 CRISIL A3      225     Downgraded
                                                                                  from 'CRISIL
                                                                                  A2'
Pollutech Engineering                   Non-FBL            CRISIL A3      30      Reaffirmed
POSCO- India Pune Processing Center Pvt ST Bk Fac          CRISIL A1+     4090    Reaffirmed
Ltd
POSCO- India Pune Processing Center Pvt ST Bk Fac          -              3880    Withdrawn
Ltd 
Powerica Ltd                            LOC & BG           CRISIL A1+     7460    Reaffirmed
Prakash Ferrous Industries Pvt Ltd      Import LOC Limit   CRISIL A3+     1.8     Assigned,
                                                                                  Suspension
                                                                                  Revoked
Pro Minerals Pvt Ltd                    BG                 CRISIL A1+(CE) 200     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Prolific Systems and Technologies Pvt   BG                 CRISIL A4+     140     Withdrawn
Ltd
Promising Exports Ltd                   Foreign Exchange   CRISIL A4      3.5
                                        Forward
(Issuer Not Cooperating)
Promising Exports Ltd                   LOC                CRISIL A4      75
(Issuer Not Cooperating)
Promising Exports Ltd                   Post Shipment      CRISIL A4      100
                                        Credit
(Issuer Not Cooperating)
Promising Exports Ltd                   Pre Shipment CreditCRISIL A4      100
(Issuer Not Cooperating)
Quality Power Electrical Equipments Pvt BG                 CRISIL A3+     47.5    Reaffirmed
Ltd
Quality Power Electrical Equipments Pvt Inland/Import LOC  CRISIL A3+     27      Reaffirmed
Ltd
Ralson (India) Ltd                      Capex LOC          CRISIL A1+     100     Reaffirmed
Ralson (India) Ltd                      LOC                CRISIL A1+     370     Reaffirmed
Ralson (India) Ltd                      Non-FBL            CRISIL A1+     30.9    Reaffirmed
Ralson (India) Ltd                      CP                 CRISIL A1+     100     Reaffirmed
Ram Ratna International                 Bill Purchase      CRISIL A3      200     Reaffirmed
                                        Discounting Fac
Ram Ratna International                 Packing Credit     CRISIL A3      100     Reaffirmed
Ramdev Chemical Industries              LOC                CRISIL A3+     20      Reaffirmed
Rane (Madras) Ltd                       Proposed ST Bk     CRISIL A1      10
                                        Loan Fac
Rane (Madras) Ltd                       ST Bk Fac          CRISIL A1      2250
Rane (Madras) Ltd                       ST Loan            CRISIL A1      500
Rane (Madras) Ltd                       CP                 CRISIL A1      400
Raymond Ltd                             Bill Discounting   CRISIL A1+     500     Reaffirmed
Raymond Ltd                             Non-FBL@           CRISIL A1+     2150    Reaffirmed
@Interchangeable with letter of credit, bank guarantee, buyer's credit, and suppliers' credit.
Realply Industries Pvt Ltd              LOC                CRISIL A4+     225     Reaffirmed
Redington India Ltd                     BG                 CRISIL A1+     1850    Reaffirmed
Redington India Ltd                     ST Loan            CRISIL A1+     8510    Reaffirmed
SA Rawther Spices Pvt Ltd               CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
SA Rawther Spices Pvt Ltd               TL                 CRISIL D       247.5   Downgraded
                                                                                  from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
Shree Bharat International Pvt Ltd      Foreign Bill       CRISIL A2+     70      Reaffirmed
                                        Discounting
Shree Bharat International Pvt Ltd      Overdraft          CRISIL A2+     10      Reaffirmed
Shree Bharat International Pvt Ltd      Packing Credit     CRISIL A2+     70      Reaffirmed
S. R. Thorat Milk Products Pvt Ltd      BG                 CRISIL A3+     10      Reaffirmed
Samsonite South Asia Pvt Ltd            LOC & BG           CRISIL A1+     68.5    Reaffirmed
Samsonite South Asia Pvt Ltd            Purchase Bill      CRISIL A1+     200     Reaffirmed
                                        Discounting
Samsonite South Asia Pvt Ltd            Supplier Bill      CRISIL A1+     210     Reaffirmed
                                        Discounting
Sawan Engineers Pvt Ltd                 BG                 CRISIL A3      50      Reaffirmed
Shri Vile Parle Kelavani Mandal         LOC                CRISIL A1      150     Reaffirmed
Shri Vile Parle Kelavani Mandal         Overdraft          CRISIL A1      1146    Reaffirmed
Simla Chemicals Pvt Ltd                 BG                 CRISIL A3      60      Assigned
SN Enviro - Tech Pvt Ltd                BG                 CRISIL A4+     700     Assigned
SN Enviro - Tech Pvt Ltd                Deposit Cum Demand CRISIL A4+     19.7    Assigned
                                        Loan
SNL Bearings Ltd                        Bill Discounting   CRISIL A1      10      Reaffirmed
Steelfur System Pvt Ltd                 BG                 CRISIL A4+     26.5    Reaffirmed
Sunbeam Generators Pvt Ltd              BG                 CRISIL A2      15      Migrated from
                                                                                  CRISIL
                                                                                  A2 and
                                                                                  Withdrawn
(Issuer Not Cooperating)
The Federal Bank Ltd                    CDs                CRISIL A1+     80000   Reaffirmed
The Federal Bank Ltd                    ST FD Programme    CRISIL A1+             Reaffirmed
V.Sons Distributors Pvt Ltd             BG                 CRISIL A4+     6.5     Assigned
Value Point Systems Pvt Ltd             BG                 CRISIL A3+     300     Reaffirmed
Value Point Systems Pvt Ltd             Bill Discounting   CRISIL A3+     102.5   Reaffirmed
                                        under LOC
Vamsi Labs Ltd                          LOC                CRISIL A4+     20      Assigned
Vamsi Labs Ltd                          BG                 CRISIL A4+     2.5     Assigned
Vindhya Telelinks Ltd                   CP                 CRISIL A1+     2000    Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Hero Motocorp Ltd                       FD                 FAAA/Stable    -       Reaffirmed
LONG TERM RATINGS:
-------------------
A B Convention                          TL                 CRISIL         50
                                                           B/Stable
(Issuer Not Cooperating)
A. B. Pal Electricals Pvt Ltd           CC                 CRISIL         140
                                                           B+/Stable
(Issuer Not Cooperating)
A.C. Brothers                           Credit Limit Under CRISIL         16      Reaffirmed
                                        Gold Card          BBB-/Stable
A.C. Brothers                           Proposed LT Bk     CRISIL         9       Reaffirmed
                                        Loan Fac           BBB-/Stable
A.C. Brothers                           TL                 CRISIL         85      Reaffirmed
                                                           BBB-/Stable
A.G. Babu Sah                           CC                 CRISIL         70
                                                           B/Stable
(Issuer Not Cooperating)
A.G. Babu Sah                           Proposed LT Bk     CRISIL         0.2
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
A.G. Babu Sah                           Rupee TL           CRISIL         9.8
                                                           B/Stable
(Issuer Not Cooperating)
A.P.I. Civilcon Pvt Ltd                 CC                 CRISIL         200     Assigned
                                                           BBB-/Stable
A.P.I. Civilcon Pvt Ltd                 Proposed BG        CRISIL         550     Assigned
                                                           BBB-/Stable
A.V. Marble Palace                      CC                 CRISIL         70
                                                           B+/Stable
(Issuer Not Cooperating)
Aasma Foods and Beverages Pvt Ltd       TL                 CRISIL         25      Assigned
                                                           BB-/Stable
Aasma Foods and Beverages Pvt Ltd       CC                 CRISIL         22.5    Assigned
                                                           BB-/Stable
ABC Cotspin Pvt Ltd                     Bill Discounting   CRISIL D       250
(Issuer Not Cooperating)
ABC Cotspin Pvt Ltd                     Packing Credit     CRISIL D       590
(Issuer Not Cooperating)
ABC Cotspin Pvt Ltd                     Proposed Packing   CRISIL D       1860
                                        Credit
(Issuer Not Cooperating)
Abhivyakti Welfare Society              Proposed FB Bk     CRISIL         10
                                        Limits             B/Stable
(Issuer Not Cooperating)
ABP Affordable Housing                  Proposed LT Bk     CRISIL         200     Assigned
                                        Loan Fac           BB/Stable
Adarsh Jan Kalyan Evam Shiksha Samiti   Proposed FB Bk                    10
                                        Limits
(Issuer Not Cooperating)
Advance Steel Tubes Ltd                 CC                 CRISIL         260     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Negative
(Issuer Not Cooperating)
Agribase Commodities                    CC                 CRISIL B/Stable48.5
(Issuer Not Cooperating)
Agribase Commodities                    TL                 CRISIL B/Stable1.6
(Issuer Not Cooperating)
Agribase Commodities                    Warehouse Receipts CRISIL B/Stable11.5
(Issuer Not Cooperating)
Alliance International Tours And TravelsCC                 CRISIL         37.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Alliance International Tours And TravelsProposed LT Bk     CRISIL         14.3    Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Alliance International Tours And TravelsSecured Overdraft  CRISIL         8.3     Revised from
                                        Fac                B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Alliance International Tours And TravelsTL                 CRISIL         48.8    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Alloy Tech                              CC                 CRISIL         95      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Alloy Tech                              Proposed TL        CRISIL         50      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Almondz Global Infra-Consultant Ltd     TL                 CRISIL         12.9    Reaffirmed
                                                           BB+/Stable
Amar Jyoti Industries Pvt Ltd           CC                 CRISIL B-      40
(Issuer Not Cooperating)
Amar Jyoti Industries Pvt Ltd           TL                 CRISIL B-      104
(Issuer Not Cooperating)
Amarson Overseas Pvt Ltd                Foreign Currency TLCRISIL         17.1
                                                           B/Stable
(Issuer Not Cooperating)
Amarson Overseas Pvt Ltd                Overdraft          CRISIL         20
                                                           B/Stable
(Issuer Not Cooperating)
Amarson Overseas Pvt Ltd                Proposed LT Bk     CRISIL         27.9
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Ambal Modern Rice Mill                  CC                 CRISIL         100     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Ambala Cotspin Pvt Ltd                  TL                 CRISIL         84      Assigned
                                                           BB-/Stable
Ambala Cotspin Pvt Ltd                  CC                 CRISIL         15      Assigned
                                                           BB-/Stable
Ambala Cotspin Pvt Ltd                  Proposed LT Bk     CRISIL         21      Assigned
                                        Loan Fac           BB-/Stable
Amore Jewels Pvt Ltd                    CC                 CRISIL         150     Downgraded
                                                           BB+/Stable             from CRISIL
                                                                                  BBB-/Negative
Amore Jewels Pvt Ltd                    Packing Credit     CRISIL         430     Downgraded
                                                           BB+/Stable             from CRISIL
                                                                                  BBB-/Negative
Amore Jewels Pvt Ltd                    Proposed LT Bk     CRISIL         220     Downgraded
                                        Loan Fac           BB+/Stable             from CRISIL
                                                                                  BBB-/Negative
Anant Ram Bhatia Oils Pvt Ltd           CC                 CRISIL D       100
(Issuer Not Cooperating)
Anant Ram Bhatia Oils Pvt Ltd           Proposed LT Bk     CRISIL D       20
                                        Loan Fac
(Issuer Not Cooperating)
Andhra Pradesh Capital Region           Bond               CRISIL         20000
Development Authority                                      A+(CE)/Negative
Outlook revised from 'Stable' and rating reaffirmed 
Ankita Agro and Food Processing Pvt Ltd CC                 CRISIL         34.9
                                                           B-/Stable
(Issuer Not Cooperating)
Ankita Agro and Food Processing Pvt Ltd TL                 CRISIL         65.1
                                                           B-/Stable
(Issuer Not Cooperating)
Anubhav Trading                         Proposed CC Limit  CRISIL         80
                                                           B/Stable
(Issuer Not Cooperating)
Anubhav Trading                         Proposed LT Bk     CRISIL         10
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Arcon Project Pvt Ltd                   CC                 CRISIL         35.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Arcon Project Pvt Ltd                   WC Demand Loan     CRISIL         110     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Arix Ceramic Industries                 CC                 CRISIL         30      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Arix Ceramic Industries                 TL                 CRISIL         20      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Asan Steels Pvt Ltd                     CC                 CRISIL         60
                                                           B-/Stable
(Issuer Not Cooperating)
Asan Steels Pvt Ltd                     TL                 CRISIL         25
                                                           B-/Stable
(Issuer Not Cooperating)
Asia Resorts Ltd                        CC                 CRISIL         20      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Asia Resorts Ltd                        Proposed LT Bk     CRISIL         92.9    Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Asia Resorts Ltd                        TL                 CRISIL         127.1   Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Asian Earthmovers                       CC                 CRISIL D       60
(Issuer Not Cooperating)
Athena Educational Trust                Overdraft          CRISIL         20
                                                           B/Stable
(Issuer Not Cooperating)
Athena Educational Trust                TL                 CRISIL         64
                                                           B/Stable
(Issuer Not Cooperating)
Aurangabad Gymkhana Club Pvt Ltd        Overdraft          CRISIL         95
                                                           B/Stable
(Issuer Not Cooperating)
Aurangabad Gymkhana Club Pvt Ltd        Proposed LT Bk     CRISIL         5
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Avinashi Ads                            CC                 CRISIL         50
                                                           B/Stable
(Issuer Not Cooperating)
Avis India                              CC                 CRISIL         70
                                                           B+/Stable
(Issuer Not Cooperating)
B. I. Group of Industries               CC                 CRISIL         105     Migrated
                                                           BB+/Stable             from CRISIL
                                                                                  BB+/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Bajaj Basmati Pvt Ltd                   CC                 CRISIL D       380
(Issuer Not Cooperating)
Bajaj Basmati Pvt Ltd                   TL                 CRISIL D       190
(Issuer Not Cooperating)
Bajaj Basmati Pvt Ltd                   Warehouse FinancingCRISIL D       100
(Issuer Not Cooperating)
Balaji Associates - Nagpur              CC                 CRISIL         50      Reaffirmed
                                                           BB-/Stable
Balaji Associates - Nagpur              TL                 CRISIL         100     Reaffirmed
                                                           BB-/Stable
Balanagu Industries                     LT Loan            CRISIL         42.6
                                                           B/Stable
(Issuer Not Cooperating)
Balanagu Industries                     Open CC            CRISIL         10
                                                           B/Stable
(Issuer Not Cooperating)
Batanagar Education and Research Trust  TL                 CRISIL D       130
(Issuer Not Cooperating)
Bayer Bioscience Pvt Ltd                FB Fac@            CRISIL         255.8   Reaffirmed
                                                           AA-/Stable
@Comprises cash credit, overdraft, and short-term loans (fully interchangeable) 
Bayer Vapi Pvt Ltd                      LT Bk Fac*                        50
*Interchangeable with non-fund-based facilities 
Bayer Vapi Pvt Ltd                      LT Bk Fac                         130
Bayer Vapi Pvt Ltd                      Proposed LT Bk                    20
                                        Loan Fac
Bergwerff Organic India Pvt Ltd         LT Loan            CRISIL         520     Reaffirmed
                                                           A-/Negative
Bergwerff Organic India Pvt Ltd         WC Fac             CRISIL         1180    Reaffirmed
                                                           A-/Negative
Bergwerff Organic India Pvt Ltd         Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           A-/Negative
Bhadresh Natural Resources Pvt Ltd      CC                 CRISIL         90
                                                           B/Stable
(Issuer Not Cooperating)
Bharat Rail Automations Pvt Ltd         CC                 CRISIL         200     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
BKB Transport Pvt Ltd                   CC                 CRISIL         170     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Blue Phosphate Ltd                      TL                 CRISIL         57.5    Assigned
                                                           BB/Stable
Blue Phosphate Ltd                      Proposed Line of   CRISIL         6.4     Assigned
                                        Credit             BB/Stable
Blue Phosphate Ltd                      CC                 CRISIL         80      Assigned
                                                           BB/Stable
BNR Egg Farms                           CC                 CRISIL         17.2
                                                           B/Stable
(Issuer Not Cooperating)
BNR Egg Farms                           LT Loan            CRISIL         54
                                                           B/Stable
(Issuer Not Cooperating)
BNR Egg Farms                           Proposed CC Limit  CRISIL         3.8
                                                           B/Stable
(Issuer Not Cooperating)
BOB Capital Markets Ltd                 LT Rating          CRISIL
                                                           B-/Stable
(Issuer Not Cooperating)
Brahmaputra River Valley Trading Pvt LtdCC                 CRISIL B/Stable90
(Issuer Not Cooperating)
BS Mining Corporation Pvt Ltd           CC                 CRISIL         93
                                                           B/Stable
(Issuer Not Cooperating)
BS Mining Corporation Pvt Ltd           Proposed LT Bk     CRISIL         2
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Bunge India Pvt Ltd                     CC*                CRISIL         1300    Reaffirmed
                                                           AA-/Negative
Outlook revised from 'Stable/*Interchangeable with letter of credit, bank guarantee, pre-export
advance, post-shipment credit, overdraft, and other short-term facility
Bunge India Pvt Ltd                     Proposed CC Limit  CRISIL         7170    Reaffirmed
                                                           AA-/Negative
Outlook revised from 'Stable
C.M.S. Balan & Co.                      CC                 CRISIL         10
                                                           B/Stable
(Issuer Not Cooperating)
C.M.S. Balan & Co.                      Foreign Bill       CRISIL         50
                                        Purchase           B/Stable
(Issuer Not Cooperating)
C.M.S. Balan & Co.                      Proposed LT Bk     CRISIL         5
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
CCS Computers Pvt Ltd                   CC                 CRISIL         30      Reaffirmed
                                                           BBB-/Stable
CCS Computers Pvt Ltd                   Proposed FB Bk     CRISIL         30      Reaffirmed
                                        Limits             BBB-/Stable
Ceeje Builders                          TL                 CRISIL         125     Assigned
                                                           BB-/Stable
Ceigall India Ltd                       CC                 CRISIL         90      Assigned
                                                           BBB/Stable
Chakri Fisheries Pvt Ltd                Foreign Bill       CRISIL B/Stable60
                                        Discounting
(Issuer Not Cooperating)
Chakri Fisheries Pvt Ltd                LT Loan            CRISIL B/Stable12
(Issuer Not Cooperating)
Chakri Fisheries Pvt Ltd                Proposed LT Bk     CRISIL B/Stable0.5
                                        Loan Fac
(Issuer Not Cooperating)
Chitiz Metals & Minerals Trading Pvt LtdCC                 CRISIL         87
                                                           B/Stable
(Issuer Not Cooperating)
Chitiz Metals & Minerals Trading Pvt LtdProposed CC Limit  CRISIL         43
                                                           B/Stable
(Issuer Not Cooperating)
Choice Research and Breeding Farm       CC                 CRISIL         44      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Choice Research and Breeding Farm       LT Loan            CRISIL         56      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Choosy Fashions                         CC                 CRISIL         100
                                                           B/Stable
(Issuer Not Cooperating)
Churiwal Commercial Company Pvt Ltd     CC                 CRISIL         160     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Circle Infotech Pvt Ltd                 CC                 CRISIL         75      Assigned;
                                                           B+/Stable              Suspension
                                                                                  Revoked
City Max Hospital and Research Centre   TL                 CRISIL         80
                                                           B-/Stable
(Issuer Not Cooperating)
Class Restaurant                        CC                 CRISIL         90
                                                           B-/Stable
(Issuer Not Cooperating)
Class Restaurant                        Proposed LT Bk     CRISIL         10
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Classic Binding Industries              CC                 CRISIL         10      Reaffirmed
                                                           BBB-/Stable
Classic Engicon Pvt Ltd                 CC                 CRISIL         50      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Cometweld Pvt Ltd                       CC                 CRISIL         20      Assigned
                                                           BB-/Stable
Dhanjal Impex Pvt Ltd                   TL                 CRISIL         30      Assigned
                                                           BB-/Stable
Dhanjal Impex Pvt Ltd                   CC                 CRISIL         25      Assigned
                                                           BB-/Stable
Dhanjal Impex Pvt Ltd                   Proposed LT Bk     CRISIL         5       Assigned
                                        Loan Fac           BB-/Stable
Digikredit Finance Pvt Ltd- Vivriti     Series A1 PTCs     Provisional    107.4
Garth 08 2019                                              CRISIL A- (SO)
Provisional Rating Assigned
Digikredit Finance Pvt Ltd- Vivriti     Series A1 PTCs     Provisional    6.3
Garth 08 2019                                              CRISIL BBB (SO)
Provisional Rating Assigned
Dodhia Techno Engineering Pvt Ltd       BG                 CRISIL D       1
(Issuer Not Cooperating)
Dodhia Techno Engineering Pvt Ltd       CC                 CRISIL D       60
(Issuer Not Cooperating)
Dodhia Techno Engineering Pvt Ltd       LOC                CRISIL D       4
(Issuer Not Cooperating)
Dodhia Techno Engineering Pvt Ltd       Proposed LT Bk     CRISIL D       10
                                        Loan Fac
(Issuer Not Cooperating)
Dwarakamai Constructions Pvt Ltd        Proposed LT Bk     CRISIL         70      Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Dwarakamai Constructions Pvt Ltd        Secured Overdraft  CRISIL         40      Revised from
                                        Fac                B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Dynamic Building Concepts Pvt Ltd       CC                 CRISIL         15
                                                           B/Stable
(Issuer Not Cooperating)
Dynamic Building Concepts Pvt Ltd       LT Loan            CRISIL         85
                                                           B/Stable
(Issuer Not Cooperating)
Dynamic Building Concepts Pvt Ltd       Proposed LT Bk     CRISIL         20
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Eastea Chai Pvt Ltd                     CC                 CRISIL         60      Reaffirmed
                                                           BBB-/Stable
Eastern Condiments Pvt Ltd              BG*                CRISIL         30      Reaffirmed
                                                           A/Positive
*Interchangeable with Short Term Loan & Cash Credit
Eastern Condiments Pvt Ltd              CC#                CRISIL         150     Reaffirmed
                                                           A/Positive
#Interchangeable with Short Term Loan
Eastern Condiments Pvt Ltd              Packing Credit**   CRISIL         500     Reaffirmed
                                                           A/Positive
**Interchangeable with Short Term Loan
Eastern Condiments Pvt Ltd              Proposed LT Bk     CRISIL         970     Reaffirmed
                                        Loan Fac           A/Positive
Eastern Condiments Pvt Ltd              ST Loan@           CRISIL         550     Reaffirmed
                                                           A/Positive
@Interchangeable with Cash Credit
Eden Critical Care Hospital Pvt Ltd     TL                 CRISIL D       195
(Issuer Not Cooperating)
Elica Vitrified Pvt Ltd                 CC                 CRISIL         90      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Elica Vitrified Pvt Ltd                 TL                 CRISIL         53.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Enaltec Labs Pvt Ltd                    CC                 CRISIL         70      Reaffirmed
                                                           BBB/Negative
Outlook revised from 'Stable'
Enaltec Labs Pvt Ltd                    Export Packing     CRISIL         60      Reaffirmed
                                        Credit             BBB/Negative
Outlook revised from 'Stable'
Enaltec Labs Pvt Ltd                    LT Loan            CRISIL         260     Reaffirmed
                                                           BBB/Negative
Outlook revised from 'Stable'
Enaltec Labs Pvt Ltd                    Proposed LT Bk     CRISIL         150     Reaffirmed
                                        Loan Fac           BBB/Negative
Outlook revised from 'Stable'
Entrack Overseas Pvt Ltd                Export Packing     CRISIL D       250
                                        Credit
(Issuer Not Cooperating)
Entrack Overseas Pvt Ltd                Proposed LT Bk     CRISIL D       550
                                        Loan Fac
(Issuer Not Cooperating)
Erode Steels                            CC                 CRISIL         145     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Essel Finance Business Loans Ltd        NCD                CRISIL         50      Downgraded
                                                           B+/Negative            from CRISIL
                                                                                  BB+/Stable
Essel Finance Business Loans Ltd        NCD                CRISIL         200     Downgraded
                                                           B+/Negative            from CRISIL
                                                                                  BB+/Stable
Essel Finance Business Loans Ltd        Subordinated NCDs  CRISIL         250     Downgraded
                                                           B+/Negative            from 'CRISIL
                                                                                  BB+/Stable'
Essel Finance Business Loans Ltd        CC                 CRISIL         85      Downgraded
                                                           B+/Negative            from 'CRISIL
                                                                                  BB+/Stable'
Essel Finance Business Loans Ltd        Overdraft          CRISIL         50      Downgraded
                                                           B+/Negative            from 'CRISIL
                                                                                  BB+/Stable'
Essel Finance Business Loans Ltd        Proposed LT Bk     CRISIL         1415    Downgraded
                                        Loan Fac           B+/Negative            from 'CRISIL
                                                                                  BB+/Stable'
Essel Finance Business Loans Ltd        TL                 CRISIL         450     Downgraded
                                                           B+/Negative            from 'CRISIL
                                                                                  BB+/Stable'
Eternal Motors Pvt Ltd                  CC                 CRISIL         67.5
                                                           B/Stable
(Issuer Not Cooperating)
Eternal Motors Pvt Ltd                  Electronic Dealer  CRISIL         8.5
                                        Financing          B/Stable
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Eternal Motors Pvt Ltd                  TL                 CRISIL         9
                                                           B/Stable
(Issuer Not Cooperating)
Excellent Power Cable Pvt Ltd           CC                 CRISIL         75
                                                           B/Stable
(Issuer Not Cooperating)
Faith Industries Ltd                    CC                 CRISIL         142.5   Assigned
                                                           BB/Stable
Falcon Steels                           CC                 CRISIL         100
                                                           B+/Stable
(Issuer Not Cooperating)
Fcom's Tex                              Proposed LT Bk     CRISIL         100
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Feris Spintex Pvt Ltd                   CC                 CRISIL         70
                                                           B/Stable
(Issuer Not Cooperating)
Feris Spintex Pvt Ltd                   LT Loan            CRISIL         330
                                                           B/Stable
(Issuer Not Cooperating)
Future Parking Pvt Ltd                  Overdraft          CRISIL         10      Reaffirmed
                                                           A-/Stable
G. L. D. Agri Foods                     CC                 CRISIL         120     Assigned
                                                           B+/Stable
G. L. D. Agri Foods                     TL                 CRISIL         15      Assigned
                                                           B+/Stable
Gautam International Pratisthan         TL                 CRISIL         86      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Gayatri Agro Oil and Food Products      CC                 CRISIL         50
                                                           B/Stable
(Issuer Not Cooperating)
Gayatri Agro Oil and Food Products      Proposed LT Bk     CRISIL         17.2
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Gayatri Agro Oil and Food Products      TL                 CRISIL         87.5
                                                           B/Stable
(Issuer Not Cooperating)
GMM Pfaudler Ltd                        CC                 CRISIL         200     Reaffirmed
                                                           AA-/Stable
Godriwala Plastics Pvt Ltd              CC                 CRISIL         100     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Golden Apparels Exports Pvt Ltd         CC                 CRISIL         50      Assigned
                                                           A-/Stable
Golden Apparels Exports Pvt Ltd         Proposed WC Fac    CRISIL         50      Assigned
                                                           A-/Stable
Gorakhpur Dugdh Utpadak Sahkari Sangh   Secured Overdraft  CRISIL         10      Assigned
Ltd                                     Fac                B-/Stable
Govardhan Cars Pvt Ltd                  CC                 CRISIL         15
                                                           B/Stable
(Issuer Not Cooperating)
Govardhan Cars Pvt Ltd                  LT Loan            CRISIL         30
                                                           B/Stable
(Issuer Not Cooperating)
Govardhan Cars Pvt Ltd                  Proposed LT Bk     CRISIL         15
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Government of India (GoI) Fully         GoI Fully Serviced CRISIL         10000   Reaffirmed
Serviced Bonds (Issued by Inland        Bonds - IWAI       AAA/Stable
Waterways Authority of India)
H P Rama Reddy                          Lease Rental       CRISIL         80
                                        Discounting Loan   B/Stable
(Issuer Not Cooperating)
Haldiram Snacks Pvt Ltd                 NCD                CRISIL         750     Withdrawn
                                                           AA+/Stable
Haldiram Snacks Pvt Ltd                 Drop Line          CRISIL         1000    Reaffirmed
                                        Overdraft Fac      AA+/Stable
Haldiram Snacks Pvt Ltd                 Standby LOC        CRISIL         50      Reaffirmed
                                                           AA+/Stable
Haldiram Snacks Pvt Ltd                 TL                 CRISIL         380     Reaffirmed
                                                           AA+/Stable
Haldiram Snacks Pvt Ltd                 WC Fac             CRISIL         950     Reaffirmed
                                                           AA+/Stable
Haldiram Snacks Pvt Ltd                 WC Fac*            CRISIL         600     Reaffirmed
                                                           AA+/Stable
*Interchangeable to LC up to Rs.60 Crore
Haldiram Snacks Pvt Ltd                 WC Fac#            CRISIL         620     Reaffirmed
                                                           AA+/Stable
#including non-Fund based BG of Rs.12 Crore
Hariom Pipe Industries Ltd              CC/ Overdraft Fac  CRISIL         250     Assigned;
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Hariom Pipe Industries Ltd              TL                 CRISIL         305     Assigned;
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Haritasa Electronics Solutions Pvt Ltd  CC                 CRISIL B/Stable90
(Issuer Not Cooperating)
Haveli Entertainments Pvt Ltd           TL                 CRISIL         97.5
                                                           B-/Stable
(Issuer Not Cooperating)
Hemkund Energy Pvt Ltd                  CC                 CRISIL         120     Assigned
                                                           BB/Stable
Hemkund Energy Pvt Ltd                  Proposed FB Bk     CRISIL         22      Assigned
                                        Limits             BB/Stable
Hemkund Gases                           Rupee TL           CRISIL         15      Assigned
                                                           BB-/Stable
Hero Motocorp Ltd                       NCD                CRISIL         150     Reaffirmed
                                                           AAA/Stable
Hero Motocorp Ltd                       FB Fac*            CRISIL         1650    Reaffirmed
                                                           AAA/Stable
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       FB Fac*            CRISIL         700     Reaffirmed
                                                           AAA/Stable
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       FB Fac*            CRISIL         71      Reaffirmed
                                                           AAA/Stable
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                       Proposed FB Bk     CRISIL         1949    Reaffirmed
                                        Limits*            AAA/Stable
*Funded facility interchangeable with non-funded lines
Hindalco Industries Ltd                 NCD                CRISIL         14000   Reaffirmed
                                                           AA/Positive
Hindalco Industries Ltd                 NCD                CRISIL         15000   Reaffirmed
                                                           AA/Positive
Hindalco Industries Ltd                 NCD                CRISIL         30000   Reaffirmed
                                                           AA/Positive
Hindalco Industries Ltd                 NCD                CRISIL         1000    Reaffirmed
                                                           AA/Positive
Hindustan Herbals Ltd                   CC                 CRISIL         80
                                                           B-/Stable
(Issuer Not Cooperating)
Hindustan Herbals Ltd                   Proposed LT Bk     CRISIL         50
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Hindustan Herbals Ltd                   TL                 CRISIL         50
                                                           B-/Stable
(Issuer Not Cooperating)
Hindustan Herbals Ltd                   WC TL              CRISIL         20
                                                           B-/Stable
(Issuer Not Cooperating)
Hindustan Jewellers                     CC                 CRISIL         50
                                                           B/Stable
(Issuer Not Cooperating)
Hindustan Mint and Agro Products Pvt LtdProposed WC Fac    CRISIL         200     Assigned;
                                                           BBB-/Stable            Suspension
                                                                                  Revoked
Hindusthan Technologies Pvt Ltd         CC                 CRISIL         25
                                                           B/Stable
(Issuer Not Cooperating)
Hitech Extrusion Llp                    CC                 CRISIL         75      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Hitech Extrusion Llp                    Proposed LT Bk     CRISIL         180     Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Hitech Extrusion Llp                    TL                 CRISIL         5       Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Hotel Magic Mountain                    Proposed TL        CRISIL         35
                                                           B/Stable
(Issuer Not Cooperating)
Hotel Pearl                             TL                 CRISIL         35
                                                           B-/Stable
(Issuer Not Cooperating)
Hotel Pearl                             WC TL              CRISIL         80
                                                           B-/Stable
(Issuer Not Cooperating)
Hussain Sheth Ispat (S.B)               Proposed CC Limit  CRISIL         100     Assigned
                                                           BB-/Stable
Hyderabad Galvanising Pvt Ltd           CC                 CRISIL         50
                                                           B+/Stable
(Issuer Not Cooperating)
Hyderabad Galvanising Pvt Ltd           Proposed CC /      CRISIL         30
                                        Bills Discounting  B+/Stable
                                        Limit
(Issuer Not Cooperating)
India Infradebt Ltd                     NCDs               CRISIL         102000  Reaffirmed
                                                           AAA/Stable
India Infradebt Ltd                     Subordinated Debt  CRISIL         2500    Reaffirmed
                                                           AAA/Stable
Infissi Fenestration LLP                CC                 CRISIL B/Stable35
(Issuer Not Cooperating)
Infissi Fenestration LLP                LT Loan            CRISIL B/Stable33.5
(Issuer Not Cooperating)
Infissi Fenestration LLP                Proposed LT Bk     CRISIL B/Stable1.5
                                        Loan Fac
(Issuer Not Cooperating)
Innova Childrens Heart Hospital Pvt Ltd CC                 CRISIL D       47.5
(Issuer Not Cooperating)
Innova Childrens Heart Hospital Pvt Ltd TL                 CRISIL D       117.5
(Issuer Not Cooperating)
J. P. C. Enterprises                    CC                 CRISIL         25      Reaffirmed
                                                           BB-/Stable
J. P. C. Enterprises                    Proposed WC Fac    CRISIL         10      Reaffirmed
                                                           BB-/Stable
Jagruteshwar Metals Pvt Ltd             CC                 CRISIL         4.5     Reaffirmed
                                                           B+/Stable
Jagruteshwar Metals Pvt Ltd             Proposed LT Bk     CRISIL         20.5    Reaffirmed
                                        Loan Fac           B+/Stable
Jagruteshwar Metals Pvt Ltd             TL                 CRISIL         55      Reaffirmed
                                                           B+/Stable
Jhajjar Power Ltd                       LT Loan            CRISIL         4954.7  Reaffirmed
                                                           AA-/Stable
Jhajjar Power Ltd                       Proposed LT Bk     CRISIL         5045.3  Reaffirmed
                                        Loan Fac           AA-/Stable
JM Financial Capital Ltd                NCD                CRISIL         2000    Reaffirmed
                                                           AA/Stable
K.P. Chacko Gold Centre & Kids Jewel    CC                 CRISIL         100     Reaffirmed
                                                           BB/Stable
Kartik Industries                       CC                 CRISIL         100     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Kerala Infrastructure Investment Fund   LT Loan            Provisional    20000
Board                                                      CRISIL A+(CE)^
Placed on 'Rating Watch with Negative Implications'^A prefix of 'Provisional' indicates that the
rating centrally factors in the strength of specific structures and will be supported by certain
critical documentation by the issuer, without which the rating would either have been different
or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities
and Exchange Board of India (SEBI), 'Standardising the term, rating symbol, and manner of
disclosure with regard to conditional/ provisional/ in-principle ratings assigned by credit
rating agencies (CRAs)'.
Kerala Infrastructure Investment Fund   Proposed LT Bk     Provisional    30000   Placed on
Board                                   Loan Fac           CRISIL A+(CE)^         Rating Watch
                                                                                  with Negative
Implications'
Placed on 'Rating Watch with Negative Implications'^A prefix of 'Provisional' indicates that the
rating centrally factors in the strength of specific structures and will be supported by certain
critical documentation by the issuer, without which the rating would either have been different
or not assigned ab initio. This is in compliance with a May 6, 2015, directive by the Securities
and Exchange Board of India (SEBI), 'Standardising the term, rating symbol, and manner of
disclosure with regard to conditional/ provisional/ in-principle ratings assigned by credit
rating agencies (CRAs)'.
Khandesh College Education Society      TL                 CRISIL         64.1
                                                           BBB-/Stable
Migrated from 'CRISIL BB+/Stable (Issuer Not Cooperating)'
Kolte-Patil I-Ven Townships (Pune) Ltd  BG                 CRISIL         100     Reaffirmed
                                                           A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Kolte-Patil I-Ven Townships (Pune) Ltd  Overdraft          CRISIL         950     Reaffirmed
                                                           A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Kolte-Patil I-Ven Townships (Pune) Ltd  TL                 CRISIL         450     Assigned
                                                           A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Koushic Pressure Vessels Pvt Ltd        CC                 CRISIL         100     Assigned;
                                                           B-/Stable              Suspension
                                                                                  Revoked
Krishna Speciality Chemicals Pvt Ltd    CC                 CRISIL         120     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kunnath Paper Mills Pvt Ltd             Proposed FB Bk     CRISIL         41.5    Assigned
                                        Limits             BB-/Stable
Kunnath Paper Mills Pvt Ltd             WC TL              CRISIL         8.5     Assigned
                                                           BB-/Stable
Kush Synthetics Pvt Ltd                 LT Loan            CRISIL         225     Reaffirmed
                                                           BBB-/Stable
Outlook revised from 'Negative
Kush Synthetics Pvt Ltd                 CC                 CRISIL         50      Reaffirmed
                                                           BBB-/Stable
Outlook revised from 'Negative
Kushal Foods Pvt Ltd                    CC                 CRISIL         95      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kushal Foods Pvt Ltd                    LT Loan            CRISIL         24.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kushal Foods Pvt Ltd                    Proposed LT Bk     CRISIL         5.5     Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Lilly Maritime Pvt Ltd                  CC                 CRISIL         35      Reaffirmed
                                                           BB+/Stable
Lilly Maritime Pvt Ltd                  TL                 CRISIL         13      Reaffirmed
                                                           BB+/Stable
Lubrizol India Pvt Ltd                  CC                 CRISIL         30      Reaffirmed
                                                           AA-/Stable
M.R. Hi-Tech Engineers Pvt Ltd          Secured Overdraft  CRISIL         72.5    Assigned
                                        Fac                BB/Stable
Assigned; Suspension Revoked
M.R. Hi-Tech Engineers Pvt Ltd          TL                 CRISIL         10      Assigned
                                                           BB/Stable
Assigned; Suspension Revoked
Macawber Beekay Pvt Ltd                 CC                 CRISIL         3000    Reaffirmed
                                                           BBB-/Negative
Outlook revised from 'Stable'
Macawber Beekay Pvt Ltd                 Proposed LT Bk     CRISIL         900     Reaffirmed
                                        Loan Fac           BBB-/Negative
Outlook revised from 'Stable'
Mahindra and Mahindra Ltd               FB Fac             CRISIL         3500    Reaffirmed
                                                           AAA/Stable
Mahindra and Mahindra Ltd               Proposed FB Bk     CRISIL         500     Reaffirmed
                                        Limits             AAA/Stable
Mahindra and Mahindra Ltd               NCD                CRISIL         4750    Reaffirmed
                                                           AAA/Stable
Mahindra and Mahindra Ltd               NCD                CRISIL         5000    Reaffirmed
                                                           AAA/Stable
Mani Export Pvt Ltd                     Proposed LT Bk     CRISIL         40      Assigned
                                        Loan Fac           BB+/Stable
Mani Export Pvt Ltd                     Export Packing     CRISIL         79      Assigned
                                        Credit             BB+/Stable
Meghmani Finechem Ltd                   LT Loan            CRISIL         5130    Reaffirmed
                                                           A+/Positive
Meghmani Finechem Ltd                   Proposed LT Bk     CRISIL         35      Reaffirmed
                                        Loan Fac           A+/Positive
Meghmani Finechem Ltd                   WC Fac             CRISIL         1335    Reaffirmed
                                                           A+/Positive
Meghmani Organics Ltd                   CC*                CRISIL         1500    Reaffirmed
                                                           A+/Positive
*Interchangeable between WCDL/EPC/PCFC/PSFC. Interchangeable between Overdraft/ Short Term
Loan/Export & Local Bills Discounted/Export Invoice Financing
Meghmani Organics Ltd                   CC$                CRISIL         600     Reaffirmed
                                                           A+/Positive
$Interchangeable between Working Capital demand loan (WCDL)/Export Packing Credit (EPC)/
Preshipment Credit in Foreign Currency (PCFC)
Meghmani Organics Ltd                   CC^                CRISIL         800     Reaffirmed
                                                           A+/Positive
^Interchangeable between CC/WCDL/EPC/Foreign Usance Bills Discounting (FUBD)/Foreign Bills
Purchased (FBP)/PCFC/Post Shipment Credit in Foreign Currency (PSCFC)/Inlan
Meghmani Organics Ltd                   Export Packing     CRISIL         350     Reaffirmed
                                        Credit*            A+/Positive
*Interchangeable between Overdraft/ Short Term Loan/Export & Local Bills Discounted/Export
Invoice Financing
Meghmani Organics Ltd                   Proposed LT Bk     CRISIL         1000    Reaffirmed
                                        Loan Fac           A+/Positive
Meghmani Organics Ltd                   Rupee TL           CRISIL         1290    Reaffirmed
                                                           A+/Positive
Micro Precession Pvt Ltd                CC                 CRISIL         70      Assigned
                                                           BBB-/Stable
Micro Precession Pvt Ltd                LT Loan            CRISIL         30      Assigned
                                                           BBB-/Stable
Modern Rice and Gen. Mills              CC                 CRISIL B/Stable150
(Issuer Not Cooperating)
Modern Rice and Gen. Mills              Export Packing     CRISIL B/Stable45
                                        Credit
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt  CC                 CRISIL         13      Migrated from
Ltd                                                        BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt  Proposed FB Bk     CRISIL         10      Migrated from
Ltd                                     Limits             BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Modtech Material Handling Projects Pvt  TL                 CRISIL         6       Migrated from
Ltd                                                        BB+/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Nation Exim                             CC                 CRISIL         85      Reaffirmed
                                                           B+/Stable
Nation Exim                             Warehouse FinancingCRISIL         25      Reaffirmed
                                                           B+/Stable
Navin Cold Storage Pvt Ltd              CC                 CRISIL         52.2    Reaffirmed
                                                           B-/Stable
Navin Cold Storage Pvt Ltd              Proposed LT Bk     CRISIL         35.2    Reaffirmed
                                        Loan Fac           B-/Stable
Navin Cold Storage Pvt Ltd              TL                 CRISIL         5.3     Reaffirmed
                                                           B-/Stable
Navin Cold Storage Pvt Ltd              WC Fac             CRISIL         15      Reaffirmed
                                                           B-/Stable
Nextile Marbosys Pvt Ltd                TL                 CRISIL         328     Assigned
                                                           BBB-/Stable
Nextile Marbosys Pvt Ltd                CC                 CRISIL         150     Assigned
                                                           BBB-/Stable
Nikita Papers Ltd                       CC                 CRISIL         250     Reaffirmed
                                                           BBB-/Negative
Outlook revised from 'Stable'
Nikita Papers Ltd                       Rupee TL           CRISIL         55      Reaffirmed
                                                           BBB-/Negative
Outlook revised from 'Stable'
NRB Bearings Ltd                        CC*                CRISIL         800     Reaffirmed
                                                           AA-/Stable
* Interchangeable with buyer's credit (BC), export packing credit (EPC), bill discounting (BD),
letter of credit (LC), and bank guarantee (BG)/(Outlook revised from 'Positive'
NRB Bearings Ltd                        CC#                CRISIL         670     Reaffirmed
                                                           AA-/Stable
#Interchangeable with working capital demand loan (WCDL /LC/standby letter of
credit/guarantee/EPC/(Outlook revised from 'Positive'
NRB Bearings Ltd                        CC&                CRISIL         750     Reaffirmed
                                                           AA-/Stable
& Interchangeable with WCDL, EPC, LC/BC, and capex BC/(Outlook revised from 'Positive'
NRB Bearings Ltd                        CC^                CRISIL         500     Reaffirmed
                                                           AA-/Stable
^ Interchangeable with cash credit, WCDL/foreign currency non-repatriable (FCNR)/EPC/BC/(Outlook
revised from 'Positive'
NRB Bearings Ltd                        CC**               CRISIL         800     Reaffirmed
                                                           AA-/Stable
** Interchangeable with STL/CP, BC/EPC/FCNR, CC/WCDL./(Outlook revised from 'Positive'
NRB Bearings Ltd                        Proposed LT Bk     CRISIL         100     Reaffirmed
                                        Loan Fac           AA-/Stable
NRB Bearings Ltd                        NCD                CRISIL         300     Reaffirmed
                                                           AA-/Stable
Outlook revised from 'Positive
NRB Bearings Ltd                        NCD                CRISIL         200     Reaffirmed
                                                           AA-/Stable
Outlook revised from 'Positive
NRB Bearings Ltd                        NCD                CRISIL         200     Reaffirmed
                                                           AA-/Stable
Outlook revised from 'Positive
Oberoi Construction                     CC                 CRISIL         5       Reaffirmed
                                                           BB/Stable
Oberoi Construction                     Proposed CC Limit  CRISIL         90      Reaffirmed
                                                           BB/Stable
Pallickal Agro Mills                    CC                 CRISIL         60      Reaffirmed
                                                           B+/Stable
Pallickal Agro Mills                    Standby Line of    CRISIL         7.5     Reaffirmed
                                        Credit             B+/Stable
Pavani Polymers Pvt Ltd                 LT Loan            CRISIL D       195
(Issuer Not Cooperating)
Pavani Polymers Pvt Ltd                 Proposed CC Limit  CRISIL D       36
(Issuer Not Cooperating)
Peregrine Guarding Pvt Ltd              CC                 CRISIL         825     Downgraded
                                                           BBB-/Negative          from CRISIL
                                                                                  BBB+/Stable
Peregrine Guarding Pvt Ltd              CC*                CRISIL         200     Downgraded
                                                           BBB-/Negative          from CRISIL
                                                                                  BBB+/Stable
* Rs. 3 crore of bank guarantee is a sub-limit of Cash credit limit
Peregrine Guarding Pvt Ltd              Proposed FB Bk     CRISIL         200     Downgraded
                                        Limits             BBB-/Negative          from CRISIL
                                                                                  BBB+/Stable
Pollutech Engineering                   CC                 CRISIL         230     Reaffirmed
                                                           BBB-/Stable
Pollutech Engineering                   Proposed CC Limit  CRISIL         55      Reaffirmed
                                                           BBB-/Stable
Pollutech Engineering                   TL                 CRISIL         35      Reaffirmed
                                                           BBB-/Stable
Powerica Ltd                            CC                 CRISIL         780     Reaffirmed
                                                           AA/Stable
Powerica Ltd                            TL                 CRISIL         1840    Reaffirmed
                                                           AA/Stable
Prakash Ferrous Industries Pvt Ltd      CC                 CRISIL         110     Assigned,
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Prakash Ferrous Industries Pvt Ltd      CC/ Overdraft Fac  CRISIL         180     Assigned,
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Prakash Ferrous Industries Pvt Ltd      TL                 CRISIL         108.2   Assigned,
                                                           BBB/Stable             Suspension
                                                                                  Revoked
Premier Metal Products                  CC                 CRISIL         120     Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable'
Premier Metal Products                  Proposed LT Bk     CRISIL         10      Upgraded from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  B+/Stable'
Pro Minerals Pvt Ltd                    CC                 CRISIL         200     Assigned;
                                                           AA-(CE)/Stable         Suspension
                                                                                  Revoked
Pro Minerals Pvt Ltd                    Rupee TL           CRISIL         3100    Assigned;
                                                           AA-(CE)/Stable         Suspension
                                                                                  Revoked
Prolific Systems and Technologies Pvt   CC                 CRISIL BB+     230     Withdrawn
Ltd
Prolific Systems and Technologies Pvt   Proposed LT Bk     CRISIL BB+     5       Withdrawn
Ltd                                     Loan Fac
Putzmeister Concrete Machines Pvt Ltd   CC*                CRISIL         450     Reaffirmed
                                                           BBB+/Stable
*Interchangeably used as LC, BG and packing credit
Quality Power Electrical Equipments Pvt CC                 CRISIL         20      Reaffirmed
Ltd                                                        BBB/Stable
Quality Power Electrical Equipments Pvt Export Packing     CRISIL         50      Reaffirmed
Ltd                                     Credit             BBB/Stable
Raashri Paints and Barrels Pvt Ltd      CC                 CRISIL D       75
(Issuer Not Cooperating)
Raashri Paints and Barrels Pvt Ltd      Corporate Loan     CRISIL D       60
(Issuer Not Cooperating)
Raashri Paints and Barrels Pvt Ltd      LOC                CRISIL D       100
(Issuer Not Cooperating)
Raashri Paints and Barrels Pvt Ltd      Proposed LT Bk     CRISIL D       3.5
                                        Loan Fac
(Issuer Not Cooperating)
Raashri Paints and Barrels Pvt Ltd      TL                 CRISIL D       61.5
(Issuer Not Cooperating)
Radha Khadi Gramodhyog Bunkar Sewa      Proposed LT Bk     CRISIL         10      Assigned
Samiti                                  Loan Fac           B/Stable
Ralson (India) Ltd                      CC                 CRISIL         405     Reaffirmed
                                                           A+/Stable
Ralson (India) Ltd                      LT Loan            CRISIL         300     Reaffirmed
                                                           A+/Stable
Ramdev Chemical Industries              Export Packing     CRISIL         246.3   Reaffirmed
                                        Credit             BBB/Positive
Rane (Madras) Ltd                       TL                 CRISIL A/Stable1270
Ratnagiri Chemicals Pvt Ltd             CC                 CRISIL D       45
(Issuer Not Cooperating)
Ratnagiri Chemicals Pvt Ltd             Packing Credit     CRISIL D       45
(Issuer Not Cooperating)
Ratnagiri Chemicals Pvt Ltd             Post Shipment      CRISIL D       20
                                        Credit
(Issuer Not Cooperating)
Raymond Ltd                             CP                 CRISIL A1+     5500    Reaffirmed
Raymond Ltd                             NCD                CRISIL         1750    Reaffirmed
                                                           AA-/Stable
Raymond Ltd                             NCD                CRISIL         1000    Reaffirmed
                                                           AA-/Stable
Raymond Ltd                             CC                 CRISIL         4850    Reaffirmed
                                                           AA-/Stable
Raymond Ltd                             Fund & NFBL        CRISIL         1750    Reaffirmed
                                                           AA-/Stable
Raymond Ltd                             Proposed FB Bk     CRISIL         650     Reaffirmed
                                        Limits^            AA-/Stable
^Interchangeable with non-fund-based bank limits
Raymond Ltd                             Proposed Rupee TL  CRISIL         5420    Reaffirmed
                                                           AA-/Stable
Raymond Ltd                             Rupee TL           CRISIL         2580    Reaffirmed
                                                           AA-/Stable
Realply Industries Pvt Ltd              CC                 CRISIL         50      Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Realply Industries Pvt Ltd              Proposed LT Bk     CRISIL         33.7    Downgraded
                                        Loan Fac           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Realply Industries Pvt Ltd              Rupee TL           CRISIL         11.3    Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Redington India Ltd                     CP                 CRISIL A1+     19000   Reaffirmed
Redington India Ltd                     CC                 CRISIL         6200    Reaffirmed
                                                           AA/Stable
Redington India Ltd                     Proposed LT Bk     CRISIL         940     Reaffirmed
                                        Loan Fac           AA/Stable
Roto Power Projects Pvt Ltd             CC                 CRISIL         40      Downgraded
                                                           BBB-/Negative          from CRISIL
                                                                                  BBB+/Stable
Roto Power Projects Pvt Ltd             Proposed FB Bk     CRISIL         60      Downgraded
                                        Limits             BBB-/Negative          from CRISIL
                                                                                  BBB+/Stable
Ruchi Malls Pvt Ltd                     Drop Line          CRISIL         2400    Reaffirmed
                                        Overdraft Fac      A+/Stable
S. R. Thorat Milk Products Pvt Ltd      CC                 CRISIL         40      Reaffirmed
                                                           BBB/Stable
S. R. Thorat Milk Products Pvt Ltd      Proposed LT Bk     CRISIL         15      Reaffirmed
                                        Loan Fac           BBB/Stable
S. R. Thorat Milk Products Pvt Ltd      Rupee TL           CRISIL         115     Reaffirmed
                                                           BBB/Stable
SA Rawther Spices Pvt Ltd               Bill Purchase      CRISIL D       2.5     Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
SA Rawther Spices Pvt Ltd               LOC                CRISIL D       700     Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
SA Rawther Spices Pvt Ltd               Packing Credit     CRISIL D       850     Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
SA Rawther Spices Pvt Ltd               Post Shipment      CRISIL D       1200    Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Samsonite South Asia Pvt Ltd            CC                 CRISIL         220     Reaffirmed
                                                           AA-/Stable
Samsonite South Asia Pvt Ltd            Packing Credit     CRISIL         150     Reaffirmed
                                                           AA-/Stable
Samsonite South Asia Pvt Ltd            Proposed LT Bk     CRISIL         501.5   Reaffirmed
                                        Loan Fac           AA-/Stable
Samsonite South Asia Pvt Ltd            Purchase Bill      CRISIL         250     Reaffirmed
                                        Discounting        AA-/Stable
Samsonite South Asia Pvt Ltd            WC Fac             CRISIL         350     Reaffirmed
                                                           AA-/Stable
Sanjeev Industrial Corporation          CC                 CRISIL         125     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Sawan Engineers Pvt Ltd                 CC                 CRISIL         210     Reaffirmed
                                                           BBB-/Positive
Outlook revised from 'Stable'
Shiraj Timber Traders                   CC                 CRISIL D       255
(Issuer Not Cooperating)
Shiraj Timber Traders                   LOC                CRISIL D       145
(Issuer Not Cooperating)
Shree Ajay International Pvt Ltd        CC                 CRISIL         83      Reaffirmed
                                                           B+/Stable
Shree Ajay International Pvt Ltd        Proposed LT Bk     CRISIL         37      Reaffirmed
                                        Loan Fac           B+/Stable
Shree Bharat International Pvt Ltd      Proposed LT Bk     CRISIL         49.9    Reaffirmed
                                        Loan Fac           BBB+/Stable
Shreeram Food Products                  CC                 CRISIL         190     Reaffirmed
                                                           BB/Stable
Shreeram Food Products                  Pledge Loan        CRISIL         50      Reaffirmed
                                                           BB/Stable
Shreeram Food Products                  Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BB/Stable
Shri Beereshwar Co-Operative Credit     Proposed LT Bk     CRISIL         325     Reaffirmed
Society Ltd                             Loan Fac           BB-/Stable
Shri Vile Parle Kelavani Mandal         CC                 CRISIL         400     Reaffirmed
                                                           A/Positive
Shri Vile Parle Kelavani Mandal         TL                 CRISIL         8255.1  Reaffirmed
                                                           A/Positive
Simla Chemicals Pvt Ltd                 CC/ Overdraft Fac  CRISIL         30      Assigned
                                                           BBB-/Stable
Singla Builders and Promoters Ltd       Proposed LT Bk     CRISIL         100     Assigned
                                        Loan Fac           BB+/Stable
SN Enviro - Tech Pvt Ltd                CC                 CRISIL         5       Assigned
                                                           BB+/Stable
SN Enviro - Tech Pvt Ltd                CC/ Overdraft Fac  CRISIL         50      Assigned
                                                           BB+/Stable
SN Enviro - Tech Pvt Ltd                Proposed FB Bk     CRISIL         105.3   Assigned
                                        Limits             BB+/Stable
SNL Bearings Ltd                        CC*                CRISIL         50      Outlook
                                                           A/Stable               revised from
                                                                                  Positive' and
                                                                                  rating 
                                                                                  reaffirmed
*Interchangeable with letter of credit of up to Rs 1 crore.
SNL Bearings Ltd                        CC                 CRISIL         30      Outlook
                                                           A/Stable               revised from
                                                                                  Positive' and
                                                                                  reaffirmed
SNL Bearings Ltd                        Proposed LT Bk     CRISIL         51      Outlook
                                        Loan Fac           A/Stable               revised from
                                                                                  Positive' and
                                                                                  reaffirmed
Sree Sun Shine Industries               TL                 CRISIL         30      Assigned
                                                           BB-/Stable
Sree Sun Shine Industries               CC                 CRISIL         7       Assigned
                                                           BB-/Stable
Sree Sun Shine Industries               Proposed WC Fac    CRISIL         63      Assigned
                                                           BB-/Stable
Steelfur System Pvt Ltd                 CC                 CRISIL         25      Reaffirmed
                                                           BB-/Stable
Steelfur System Pvt Ltd                 LT Loan            CRISIL         45.4    Reaffirmed
                                                           BB-/Stable
Steelfur System Pvt Ltd                 WC Demand Loan     CRISIL         2.5     Reaffirmed
                                                           BB-/Stable
Steelfur System Pvt Ltd                 Proposed LT Bk     CRISIL         0.1     Reaffirmed
                                        Loan Fac           BB-/Stable
Sunbeam Generators Pvt Ltd              CC                 CRISIL         70      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB+/Stable
                                                                                  and Withdrawn
(Issuer Not Cooperating)
Sunbeam Generators Pvt Ltd              Proposed TL        CRISIL         21.2    Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB+/Stable
                                                                                  and Withdrawn
(Issuer Not Cooperating)
Swadesh Suiting Pvt Ltd                 CC                 CRISIL         30      Reaffirmed
                                                           BB/Stable
Swadesh Suiting Pvt Ltd                 TL                 CRISIL         140.2   Reaffirmed
                                                           BB/Stable
Swaraj Sulz Pvt Ltd                     CC                 CRISIL         85      Reaffirmed
                                                           BB/Stable
Swastik Wire Product                    CC                 CRISIL         50      Migrated from
                                                           BBB/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Swastik Wire Product                    Inventory Funding  CRISIL         50      Migrated from
                                        Fac                BBB/Stable             CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Tata Motors Finance Ltd- Indian         Series A PTCs      Provisional
Receivable Trust SEP19                                     CRISIL AAA (SO)
(Provisional Rating Assigned)
Tata Projects Ltd                       CP                 CRISIL A1+     14000   Reaffirmed
Tenon Facility Management India Pvt Ltd CC*                CRISIL         170     Downgraded
                                                           BBB-/Negative          from 'CRISIL
                                                                                  BBB+/Stable'
* Rs. 12 crore of Working Capital Demand Loan, Rs. 2 crore of Performance Bank Guarantee and Rs.
2 crore of Overdraft against Fixed Deposit are sub-limit of Cash Credit
Tenon Facility Management India Pvt Ltd Proposed FB Bk     CRISIL         30      Downgraded
                                        Limits             BBB-/Negative          from 'CRISIL
                                                                                  BBB+/Stable'
Tirupati Wellness LLP                   CC                 CRISIL BB      120     Reaffirmed
Placed on 'Rating Watch with Positive Implications'
Tirupati Wellness LLP                   TL                 CRISIL BB      230     Reaffirmed
Placed on 'Rating Watch with Positive Implications'
Torrent Power Grid Ltd                  LT Loan^           CRISIL         2440    Upgraded from
                                                           AA+/Stable             CRISIL
                                                                                  AA/Stable
Trump Impex Pvt Ltd                     CC                 CRISIL D       95
(Issuer Not Cooperating); Downgraded from 'CRISIL BB-/Stable (Issuer Not Cooperating)'
V.Sons Distributors Pvt Ltd             WC TL              CRISIL         1       Assigned
                                                           BB-/Stable
V.Sons Distributors Pvt Ltd             CC                 CRISIL         70      Assigned
                                                           BB-/Stable
Value Point Systems Pvt Ltd             Proposed WC Fac    CRISIL         47.5    Reaffirmed
                                                           BBB/Stable
Value Point Systems Pvt Ltd             CC                 CRISIL         292.5   Reaffirmed
                                                           BBB/Stable
Vamsi Labs Ltd                          TL                 CRISIL         29.5    Assigned
                                                           BB/Stable
Vamsi Labs Ltd                          CC                 CRISIL         60      Assigned
                                                           BB/Stable
Vedanta Creations Ltd                   LOC                CRISIL A4+     50      Migrated
(Issuer Not Cooperating)
Vedanta Creations Ltd                   CC                 CRISIL         50      Migrated
                                                           BB+/Stable
(Issuer Not Cooperating)
Zydex Industries                        CC                 CRISIL         150     Reaffirmed
                                                           BB+/Stable
Zydex Industries                        Foreign Bill       CRISIL         20      Reaffirmed
                                        Discounting        BB+/Stable
Zydex Industries                        TL                 CRISIL         10      Reaffirmed
                                                           BB+/Stable
Zydex Industries                        WC TL              CRISIL         30      Reaffirmed
                                                           BB+/Stable
--------------------------------------------------------------------------------------------
$: 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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