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CRISIL ratings for Indian debt instruments-Dec 27
December 27, 2016 / 6:36 AM / a year ago

CRISIL ratings for Indian debt instruments-Dec 27

Dec 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 26, 2016.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Advance Metal Powder                    Inland/Import LOC  CRISIL A4+     30      Reaffirmed
Aeon Formulations Pvt Ltd               BG                 CRISIL A4+     0.5     Reaffirmed
Aeon Formulations Pvt Ltd               LOC                CRISIL A4+     5       Reaffirmed
Akruthi Apparrel                        Packing Credit     CRISIL A4+     40      Assigned
Amodh Ceramic Pvt. Ltd.                 BG                 CRISIL A4      10      Suspended
B D Overseas                            Packing Credit     CRISIL A4+     80      Assigned
Citibank N. A.                          CD Programme       CRISIL A1+     50000   Reaffirmed
Citicorp Finance India Ltd              ST Debt Programme  CRISIL A1+     10000   Reaffirmed
Digital Ceramics Pvt Ltd                BG                 CRISIL A4      20      Reaffirmed
DPS Contractors Pvt Ltd                 BG                 CRISIL A4+     130     Reaffirmed
Durovalves India Pvt Ltd                Bill Discounting   CRISIL A1      50      Reaffirmed
Durovalves India Pvt Ltd                LOC^#              CRISIL A1      50      Reaffirmed
^Interchangeable with buyers' credit to the extent of Rs.140 million/#Interchangeable with bank
guarantee to the extent of Rs.50 million
Durovalves India Pvt Ltd                LOC^               CRISIL A1      150     Reaffirmed
^Interchangeable with buyers' credit to the extent of Rs.140 million
ECL Finance Ltd                          ST Debt Issue*    CRISIL A1+     7500    Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Debt            CRISIL A1+     36000   Reaffirmed
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     25000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         ST Principal -     CRISIL PP- MLD 12000   Reaffirmed
                                        Prot Mkt - Linked  A1+r
                                        Deb 
Edelweiss Agri Value Chain Ltd          ST Debt            CRISIL A1+     10000   Reaffirmed
Edelweiss Asset Reconstruction Co. Ltd  CP Programme       CRISIL A1+     5500    Reaffirmed
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     10000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt            CRISIL A1+     70000   Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     25000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt            CRISIL A1+     63500   Reaffirmed
Edelweiss Securities Ltd                BG                 CRISIL A1+     4100    Reaffirmed
Edelweiss Securities Ltd                ST Debt            CRISIL A1+     10000   Reaffirmed
Elico Ltd                               BG                 CRISIL A4+     40      Suspended
Elico Ltd                               Foreign Exchange   CRISIL A4+     3       Suspended
                                        Forward
Flavour Granito LLP                     BG                 CRISIL A4      32      Assigned
Forbes and Co. Ltd                      LOC^               CRISIL A1+     155     Reaffirmed
^ Interchangeable with bank guarantee; 
Forbes and Co. Ltd                      LOC@               CRISIL A1+     550     Reaffirmed
@Interchangeable with buyer's credit and bank guarantee
Forbes and Co. Ltd                       CP Programmes     CRISIL A1+     300     Withdrawal
Hindustan Petroleum Corporation Ltd     Non-FBL            CRISIL A1+     170     Reaffirmed
Hindustan Petroleum Corporation Ltd     CP Programme       CRISIL A1+     150000  Reaffirmed
Indiabulls Housing Finance Ltd          ST Bk Fac          CRISIL A1+     10.49   Reaffirmed
Indiabulls Housing Finance Ltd          ST NCD Programme   CRISIL A1+     10000   Reaffirmed
Indiabulls Housing Finance Ltd          CP Programme       CRISIL A1+     150000  Reaffirmed
                                                           (Enhanced from
                                                           Rs.100.0 Billion)
Jatan Constructions Pvt Ltd             BG                 CRISIL A4+     200     Reaffirmed
K. Manoharan                            BG                 CRISIL A4      50      Assigned
Kanak Pipe Industries Pvt Ltd           BG                 CRISIL A4+     37.5    Reaffirmed
Kishor Sortex and Rice Mill Pvt Ltd     BG                 CRISIL A4+     130     Assigned
M.V.V. Satyanarayana                    BG                 CRISIL A4+     80      Upgraded from
                                                                                  CRISIL A4
Mahalaxmi Investment and Trading Pvt LtdBG                 CRISIL A4      50      Assigned
Mahalaxmi Investment and Trading Pvt LtdLOC                CRISIL A4      50      Assigned
Maruti Chemicals Company                Inland/Import LOC  CRISIL A4      7.5     Reaffirmed
Max Precision Bearings Pvt Ltd          BG                 CRISIL A4+     5       Reaffirmed
Max Precision Bearings Pvt Ltd          LOC                CRISIL A4+     3.5     Reaffirmed
National Bank For Agriculture and Rural CP                 CRISIL A1+     230000  Reaffirmed
Development
National Bank For Agriculture and Rural One-Year CDs       CRISIL A1+     100000  Reaffirmed
Development                             Programme 
NIF Pvt Ltd                             CP Programme       CRISIL A1+(SO) 250     Assigned
NIF Pvt Ltd                             BG                 CRISIL A2      50      Reaffirmed
NIF Pvt Ltd                             Proposed ST Bk     CRISIL A2      350     Reaffirmed
                                        Loan Fac
Pallickal Agro Mills                    BG                 CRISIL A4      30      Assigned
R.A. Knitwear Pvt Ltd                   LOC                CRISIL A4      4       Assigned
Rajputana Stainless Ltd                 LOC                CRISIL A4+     125     Suspended
Ram Niwas and Company                   BG                 CRISIL A4+     130     Assigned
S. K. B Builders India Ltd              BG                 CRISIL A4+     372.8   Reaffirmed
Sage Metals Ltd                         Foreign            CRISIL A2      200     Reaffirmed
                                        Discounting Bill
                                        Purchase
Sage Metals Ltd                         LOC                CRISIL A2      20      Reaffirmed
Salvo Explosives and Chemicals Pvt Ltd  LOC                CRISIL A4+     60      Suspended
Seasaga Enterprises Pvt Ltd             Packing Credit     CRISIL A4+     169.5   Reaffirmed

Silverline Electricals Pvt Ltd          BG                 CRISIL A4+     10      Upgraded from
                                                                                  CRISIL A4
Silverline Electricals Pvt Ltd          LOC                CRISIL A4+     10      Upgraded from
                                                                                  CRISIL A4
Siva Sai Exports                        Packing Credit     CRISIL A4+     200     Assigned
Sovereign Tech Engineering Services Pvt BG                 CRISIL A4+     8       Reaffirmed
Ltd
Sri Shyam Fashion India Pvt Ltd         BG                 CRISIL A4+     15      Assigned
Steel Centre                            LOC                CRISIL A4+     70      Assigned
Survival Technologies Pvt Ltd           LOC                CRISIL A3      100     Suspended
Survival Technologies Pvt Ltd           Packing Credit     CRISIL A3      70      Suspended
Toyota Financial Services India Ltd     ST Debt Programme  CRISIL A1+     14000   Reaffirmed
                                        (including CP)
Univastu India Pvt Ltd                  LOC                CRISIL A4+     5       Assigned
Univastu India Pvt Ltd                  BG                 CRISIL A4+     25      Assigned
Varroc Polymers Pvt Ltd                 BG                 CRISIL A1      50      Reaffirmed
Varroc Polymers Pvt Ltd                 Bill Discounting   CRISIL A1      460     Reaffirmed
Varroc Polymers Pvt Ltd                 LOC^               CRISIL A1      540     Reaffirmed
^Interchangeable with Buyers' Credit
Varroc Polymers Pvt Ltd                 CP                 CRISIL A1      500     Reaffirmed

    
MEDIUM TERM RATINGS:
-------------------
Hindustan Petroleum Corporation Ltd     FD Programme       FAAA           -       Reaffirmed
National Bank For Agriculture and Rural FD Programme       FAAA           1000    Reaffirmed
Development

LONG TERM RATINGS:
-------------------

Adarsh Heights Pvt Ltd                  LT Loan            CRISIL BB+     720     Assigned
Advance Metal Powder                    CC                 CRISIL BB-     130     Reaffirmed
Aeon Formulations Pvt Ltd               CC                 CRISIL BB      35      Reaffirmed
Aeon Formulations Pvt Ltd               Proposed LT Bk     CRISIL BB      29.5    Reaffirmed
                                        Loan Fac
Aeon Formulations Pvt Ltd               TL                 CRISIL BB      20      Reaffirmed
Akruthi Apparrel                        TL                 CRISIL BB+     34      Assigned
Akruthi Apparrel                        Bill Discounting   CRISIL BB+     6       Assigned
Aliz Ceramic                            CC                 CRISIL B       20      Suspended
Aliz Ceramic                            TL                 CRISIL B       30      Suspended
Amodh Ceramic Pvt. Ltd.                 CC                 CRISIL B+      20      Suspended
Amodh Ceramic Pvt. Ltd.                 TL                 CRISIL B+      30      Suspended
Auro Sundram Ply and Door Pvt Ltd       CC                 CRISIL BBB     120     Reaffirmed
B D Overseas                            Bill Discounting   CRISIL BB-     40      Assigned
B D Overseas                            CC                 CRISIL BB-     20      Assigned
C. K. Velu                              Overdraft Fac      CRISIL B+      50      Assigned
Caliber Mercantile Pvt Ltd              CC                 CRISIL BB-     100     Reaffirmed
Citibank N. A.                          Subordinated Bonds CRISIL AAA     3200    Reaffirmed
Citicorp Finance India Ltd              LT Bk Fac          CRISIL AAA     12750   Reaffirmed
Citicorp Finance India Ltd              Equity-Linked      CRISIL PP-MLD  164.5   Reaffirmed
                                        Debentures         AAAr
Citicorp Finance India Ltd              Commoptionally     CRISIL PP-MLD  3000    Reaffirmed
                                        convertible        AAAr/
                                        debentureity-Linked Debentures
D.V. Export                             Export Packing     CRISIL B+      190     Assigned
                                        Credit*
*Interchangable with CC facility to the extent of Rs.100 Million
Digital Ceramics Pvt Ltd                CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL B+
Digital Ceramics Pvt Ltd                TL                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
DPS Contractors Pvt Ltd                 CC                 CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Durovalves India Pvt Ltd                CC@                CRISIL A+      50      Reaffirmed
@Interchangeable with packing credit foreign currency to the extent of Rs.50 million 
Durovalves India Pvt Ltd                CC                 CRISIL A+      120     Reaffirmed
Durovalves India Pvt Ltd                CC*                CRISIL A+      100     Reaffirmed
*Interchangeable with packing credit foreign currency to the extent of Rs.57.5 million
Durovalves India Pvt Ltd                Proposed LT Bk     CRISIL A+      37.5    Reaffirmed
                                        Loan Fac
Eastern Mattresses Pvt Ltd              CC                 CRISIL B+      65      Suspended
Eastern Mattresses Pvt Ltd              LT Loan            CRISIL B+      15      Suspended
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      11800   Upgraded from
                                                                                  CRISIL AA-
ECL Finance Ltd                         Overdraft Fac      CRISIL AA      13300   Upgraded from
                                                                                  CRISIL AA-
ECL Finance Ltd                         WC Demand Loan     CRISIL AA      1200    Upgraded from
                                                                                  CRISIL AA-
ECL Finance Ltd                         NCDs               CRISIL AA      20000   Assigned
ECL Finance Ltd                         NCDs               CRISIL AA      9300    Upgraded from
                                                                                  CRISIL AA-
ECL Finance Ltd                         Principal -        CRISIL AA      11900   Upgraded from
                                        Protected Equity -                        CRISIL AA-
                                        Linked Debentures 
ECL Finance Ltd                         Principal-         CRISIL AA      350     Upgraded from
                                        Protected                                 CRISIL AA-
                                        Commoptionally convertible debentureity- Linked
Debentures 
Edelweiss Asset Reconstruction Co. Ltd  LT Bk Fac*         CRISIL AA-     500     Upgraded from
                                                                                  CRISIL A+
*Interchangeable between long-term and short-term
Edelweiss Asset Reconstruction Co. Ltd  NCD Issue          CRISIL AA-     500     Upgraded from
                                                                                  CRISIL A+
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Upgraded from
                                                                                  CRISIL AA-
Edelweiss Commodities Services Ltd      Overdraft Fac      CRISIL AA      7000    Upgraded from
                                                                                  CRISIL AA-
Edelweiss Commodities Services Ltd       PS                CRISIL AA      1050    Upgraded from
                                                                                  CRISIL AA-
Edelweiss Securities Ltd                Overdraft Fac      CRISIL AA      8700    Upgraded from
                                                                                  CRISIL AA-
Elico Ltd                               CC                 CRISIL BB      130     Suspended
Elico Ltd                               Proposed LT Bk     CRISIL BB      11      Suspended
                                        Loan Fac
Flavour Granito LLP                     TL                 CRISIL B+      255     Assigned
Flavour Granito LLP                     CC                 CRISIL B+      100     Assigned
Forbes and Co. Ltd                      CC*                CRISIL AA-     370     Reaffirmed
* Interchangeable between packing credit and working capital loans
Forbes and Co. Ltd                      Proposed FB Bk     CRISIL AA-     606.2   Reaffirmed
                                        Limits
Forbes and Co. Ltd                      Proposed LT Bk     CRISIL AA-     873.3   Reaffirmed
                                        Loan Fac
Forbes and Co. Ltd                      TL                 CRISIL AA-     65.5    Reaffirmed
Forbes and Co. Ltd                      NCD                CRISIL AA-     1000    Withdrawal
Gokul Ginning Factory                   CC                 CRISIL BB-     50      Assigned
GR8 Constructions Pvt Ltd               LT Loan            CRISIL B       50      Assigned
Hindustan Petroleum Corporation Ltd     CC*                CRISIL AAA     40      Reaffirmed
*Fungible with bank guarantee
Hindustan Petroleum Corporation Ltd     FB Fac             CRISIL AAA     240     Reaffirmed
Hindustan Petroleum Corporation Ltd     NCDs               CRISIL AAA     9750    Reaffirmed
HS Akash Agro India Pvt Ltd             CC                 CRISIL BB      150     Assigned
Indiabulls Housing Finance Ltd          CC                 CRISIL AA+     52      Reaffirmed
Indiabulls Housing Finance Ltd          LT Bk Fac          CRISIL AA+     166.7022Reaffirmed
Indiabulls Housing Finance Ltd          Proposed LT Bk     CRISIL AA+     46.3076 Reaffirmed
                                        Loan Fac
Indiabulls Housing Finance Ltd          NCDs               CRISIL AA+     93000   Reaffirmed
Indiabulls Housing Finance Ltd          Subordinated Debt  CRISIL AA+     5000    Reaffirmed
Indiabulls Housing Finance Ltd          Retail Bond Issue  CRISIL AA+     20000   Reaffirmed
Indiabulls Housing Finance Ltd          Retail Bond Issue  CRISIL AA+     10000   Reaffirmed
Indus Udyog and Infrastructure Pvt Ltd  CC                 CRISIL BBB-    90      Assigned
Indus Udyog and Infrastructure Pvt Ltd  LT Loan            CRISIL BBB-    40      Assigned
Indus Udyog and Infrastructure Pvt Ltd  Overdraft Fac      CRISIL BBB-    60      Assigned
Indus Udyog and Infrastructure Pvt Ltd  Proposed LT Bk     CRISIL BBB-    110     Assigned
                                        Loan Fac
International Mega Food Park Ltd        Rupee TL           CRISIL D       749     Reaffirmed
International Mega Food Park Ltd        TL                 CRISIL D       140.3   Assigned
Jatan Constructions Pvt Ltd             CC                 CRISIL BB      50      Reaffirmed
K. Manoharan                            CC                 CRISIL B+      32.5    Assigned
Kanak Pipe Industries Pvt Ltd           CC                 CRISIL BB-     29      Reaffirmed
Kanak Pipe Industries Pvt Ltd           LT Loan            CRISIL BB-     20.4    Reaffirmed
Kanak Pipe Industries Pvt Ltd           Proposed LT Bk     CRISIL BB-     8.1     Reaffirmed
                                        Loan Fac
Kishor Sortex and Rice Mill Pvt Ltd     CC                 CRISIL BB-     60      Assigned
Kusumgar Corporates Pvt Ltd             TL                 CRISIL BBB     50      Reaffirmed
Kusumgar Corporates Pvt Ltd             BG                     -          30      Withdrawal
Kusumgar Corporates Pvt Ltd             CC                     -          120     Withdrawal
Kusumgar Corporates Pvt Ltd             LOC                    -          75      Withdrawal
Kusumgar Corporates Pvt Ltd             Proposed LT Bk         -          179.7   Withdrawal
                                        Loan Fac
Lakshmi sugar mills company Pvt Ltd     LT Loan            CRISIL D       600     Assigned
Lakshmi sugar mills company Pvt Ltd     LOC                CRISIL D       17      Assigned
Lakshmi sugar mills company Pvt Ltd     BG                 CRISIL D       10      Assigned
Lakshmi sugar mills company Pvt Ltd     CC                 CRISIL D       600     Assigned
Lekh Raj and Sons                       CC                 CRISIL B+      450     Assigned
Lekh Raj and Sons                       Proposed CC Limit  CRISIL B+      50      Assigned
M.V.V. Satyanarayana                    Overdraft Fac      CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Mahalaxmi Cotton - Karimnagar           CC                 CRISIL B+      67.5    Assigned
Mahalaxmi Cotton - Karimnagar           Proposed LT Bk     CRISIL B+      32.5    Assigned
                                        Loan Fac
Mahalaxmi Investment and Trading Pvt LtdCC                 CRISIL B+      100     Assigned
Mahalaxmi Investment and Trading Pvt LtdCC/ Overdraft Fac  CRISIL B+      36.4    Assigned
Mahalaxmi Investment and Trading Pvt LtdProposed LT Bk     CRISIL B+      12.3    Assigned
                                        Loan Fac
Mahalaxmi Investment and Trading Pvt LtdTL                 CRISIL B+      11.3    Assigned
Maruti Chemicals Company                CC                 CRISIL B       45      Reaffirmed
Maruti Chemicals Company                Proposed LT Bk     CRISIL B       1       Reaffirmed
                                        Loan Fac
Maruti Chemicals Company                TL                 CRISIL B       11.5    Reaffirmed
Mavis Satcom Ltd                        LT Loan            CRISIL BB+     207     Assigned
Max Precision Bearings Pvt Ltd          Bill Discounting   CRISIL BB      5       Upgraded from
                                                                                  CRISIL BB-
Max Precision Bearings Pvt Ltd          CC                 CRISIL BB      32      Upgraded from
                                                                                  CRISIL BB-
Max Precision Bearings Pvt Ltd          Proposed LT Bk     CRISIL BB      8.5     Upgraded from
                                        Loan Fac                                  CRISIL BB-
Max Precision Bearings Pvt Ltd          TL                 CRISIL BB      2.8     Upgraded from
                                                                                  CRISIL BB-
N. S. Precision Works Pvt Ltd           Proposed TL        CRISIL BB      40      Assigned
N. S. Precision Works Pvt Ltd           Proposed Overdraft CRISIL BB      10      Assigned
                                        Fac
N. S. Precision Works Pvt Ltd           CC/ Overdraft Fac  CRISIL BB      30      Assigned
N. S. Precision Works Pvt Ltd           Channel Financing  CRISIL BB      20      Assigned
National Bank For Agriculture and Rural  Bond Issue        CRISIL AAA     40000   Assigned
Development
National Bank For Agriculture and Rural Bonds              CRISIL AAA     1100000 Reaffirmed
Development
National Bank For Agriculture and Rural Tax-Free Bonds     CRISIL AAA     50000   Reaffirmed
Development
NIF Pvt Ltd                             CC                 CRISIL BBB+    460     Reaffirmed
NIF Pvt Ltd                             Standby LOC        CRISIL BBB+    100     Reaffirmed
NIF Pvt Ltd                             TL                 CRISIL BBB+    1040    Reaffirmed
OMR Mall Developers Pvt Ltd             TL                 CRISIL D       950     Reaffirmed
Pallickal Agro Mills                    Standby Line of    CRISIL B+      7.5     Assigned
                                        Credit
Pallickal Agro Mills                    Proposed LT Bk     CRISIL B+      2.5     Assigned
                                        Loan Fac
Pallickal Agro Mills                    CC                 CRISIL B+      60      Assigned
Parul Foods Specialities Pvt Ltd        CC                 CRISIL BB-     60      Assigned
Parul Foods Specialities Pvt Ltd        TL                 CRISIL BB-     40      Assigned
R.A. Knitwear Pvt Ltd                   CC                 CRISIL B+      75      Assigned
Rajputana Stainless Ltd                 CC                 CRISIL BB+     550     Suspended
Rajputana Stainless Ltd                 Rupee TL           CRISIL BB+     75      Suspended
Ram Niwas and Company                   CC                 CRISIL BB-     20      Assigned
S. K. B Builders India Ltd              CC                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB
S. K. B Builders India Ltd              LT Loan            CRISIL BB+     45      Upgraded from
                                                                                  CRISIL BB
S. K. B Builders India Ltd              Proposed LT Bk     CRISIL BB+     32.2    Upgraded from
                                        Loan Fac                                  CRISIL BB
Sachdev Steel Works Pvt Ltd (Union      WC Loan            CRISIL C       31.1    Assigned
Enterprises)
Sachdev Steel Works Pvt Ltd (Union      CC                 CRISIL C       64      Assigned
Enterprises)
Sachdev Steel Works Pvt Ltd (Union      LT Loan            CRISIL C       54.9    Assigned
Enterprises)
Salvo Explosives and Chemicals Pvt Ltd  CC                 CRISIL BB+     60      Suspended
SDS Infratech Pvt Ltd                   Proposed LT Bk     CRISIL D       375     Reaffirmed
                                        Loan Fac
SDS Infratech Pvt Ltd                   TL                 CRISIL D       500     Reaffirmed
Seasaga Enterprises Pvt Ltd             Bill Discounting   CRISIL BB      140     Reaffirmed
Seasaga Enterprises Pvt Ltd             TL                 CRISIL BB      240     Assigned
Shriji Ginning and Pressing Factory     CC                 CRISIL BB-     180     Reaffirmed
Silverline Electricals Pvt Ltd          TL                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL B+
Siva Sai Exports                        TL                 CRISIL BB-     310     Assigned
Solapur Municipal Corporation           Proposed LT Bk     CRISIL BB+     1000    Reaffirmed
                                        Loan Fac
Sovereign Tech Engineering Services Pvt CC                 CRISIL BB      35.6    Reaffirmed
Ltd
Sovereign Tech Engineering Services Pvt Proposed LT Bk     CRISIL BB      118     Reaffirmed
Ltd                                     Loan Fac
Sovereign Tech Engineering Services Pvt TL                 CRISIL BB      58.4    Reaffirmed
Ltd
Sri Shyam Fashion India Pvt Ltd         LT Loan            CRISIL BB-     230     Assigned
Sri Shyam Fashion India Pvt Ltd         CC                 CRISIL BB-     70      Assigned
Steel Centre                            CC                 CRISIL BB-     50      Assigned
Sundaram Packaging India Pvt Ltd        CC                 CRISIL BBB     108     Assigned
Sundaram Packaging India Pvt Ltd        LT Loan            CRISIL BBB     75.5    Assigned
Sundaram Packaging India Pvt Ltd        Standby Line of    CRISIL BBB     12      Assigned
                                        Credit
Survival Technologies Pvt Ltd           CC                 CRISIL BBB-    60      Suspended
Survival Technologies Pvt Ltd           LT Loan            CRISIL BBB-    116     Suspended
Survival Technologies Pvt Ltd           Proposed TL        CRISIL BBB-    10      Suspended
Tapan Industries                        CC                 CRISIL BB      80      Assigned
Tapan Industries                        Inventory Funding  CRISIL BB      160     Assigned
                                        Fac
Tapan Industries                        Loan Against       CRISIL BB      170     Assigned
                                        Property
Tapan Industries                        Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
Total Earth Movers Pvt Ltd              Channel Financing  CRISIL BB-     100     Reaffirmed
Toyota Financial Services India Ltd     NCDs               CRISIL AAA     3000    Assigned
Toyota Financial Services India Ltd     NCDs Issue         CRISIL AAA     2000    Withdrawal
Toyota Financial Services India Ltd     NCDs               CRISIL AAA     28000   Reaffirmed
United Industries Plastic Pvt Ltd       CC                 CRISIL BB      140     Upgraded from
                                                                                  CRISIL BB-
United Industries Plastic Pvt Ltd       TL                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
Univastu India Pvt Ltd                  Proposed CC Limit  CRISIL BB-     10      Assigned
Univastu India Pvt Ltd                  Proposed BG        CRISIL BB-     15      Assigned
Univastu India Pvt Ltd                  CC                 CRISIL BB-     45      Assigned
Varroc Polymers Pvt Ltd                 CC#                CRISIL A+      200     Reaffirmed
#Interchangeable with working capital demand loan to the extent of Rs.100  million
Varroc Polymers Pvt Ltd                 CC**               CRISIL A+      50      Reaffirmed
**Interchangeable with Letter of Credit/Bank Guarantee/Buyers' Credit to the extent of Rs.50
million
Varroc Polymers Pvt Ltd                 CC                 CRISIL A+      160     Reaffirmed
Varroc Polymers Pvt Ltd                 Proposed TL        CRISIL A+      374.5   Assigned
Varroc Polymers Pvt Ltd                 LT Loan            Withdrawal     34.5    Withdrawal
Vikhroli Corporate Park Pvt Ltd         Overdraft Fac      CRISIL A       5440    Downgraded
                                                                                  from CRISIL A+
--------------------------------------------------------------------------------------------
$: 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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