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CRISIL ratings for Indian debt instruments-Dec 30
December 30, 2016 / 5:50 AM / a year ago

CRISIL ratings for Indian debt instruments-Dec 30

Dec 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 29, 2016.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aadharshila                             BG                 CRISIL A4      30      Assigned
Amy Exports and Imports Pvt Ltd         Foreign            CRISIL A4      70      Reaffirmed
                                        Documentary Bills
                                        Purchase
Amy Exports and Imports Pvt Ltd         Packing Credit     CRISIL A4      30      Reaffirmed
Ardhendu Mondal                         BG                 CRISIL A4+     24.2    Assigned
Bajaj Auto Ltd                          BG                 CRISIL A1+     900     Reaffirmed
Bajaj Auto Ltd                          LOC                CRISIL A1+     2000    Reaffirmed
Bajaj Auto Ltd                          Proposed BG        CRISIL A1+     34100   Reaffirmed
Fashion Matrix Overseas                 Proposed ST Bk     CRISIL A3      240     Assigned
                                        Loan Fac
Fashion Matrix Overseas                 Packing Credit     CRISIL A3      55      Assigned
Fashion Matrix Overseas                 LOC                CRISIL A3      10      Assigned
Futech Projects India Pvt Ltd           Clean Bill         CRISIL A4      15      Reaffirmed
                                        Discounting
Futech Projects India Pvt Ltd           LOC & BG           CRISIL A4      140     Reaffirmed
G3S Builders Pvt Ltd                    Overdraft Fac      CRISIL A4      120     Assigned
Harsh Constructions Pvt Ltd             BG                 CRISIL A3+     500     Assigned
Himatsingka Seide Ltd                   BG                 CRISIL A2+     55      Reaffirmed
Himatsingka Seide Ltd                   Export Finance     CRISIL A2+     1000    Reaffirmed
                                        Limit*
*Interchangeable with bills discounting and export factoring 
Himatsingka Seide Ltd                   LOC                CRISIL A2+     1940    Reaffirmed
Himatsingka Seide Ltd                   Packing Credit#    CRISIL A2+     1550    Reaffirmed
 #Interchangeable with bills discounting
Hind Offshore Pvt Ltd                   BG                 CRISIL A4+     200     Reaffirmed
JSR Infra Developers Pvt Ltd            BG                 CRISIL A4+     60      Reaffirmed
Kaveri Tubes                            BG                 CRISIL A4+     3.5     Reaffirmed
KELVOLT (India) Pvt Ltd                 BG                 CRISIL A4+     50      Suspended
Kirloskar Ebara Pumps Ltd               BG^                CRISIL A2+     1410    Reaffirmed
^ Interchangeable with letter of credit of up to Rs.100 million
Kirloskar Ebara Pumps Ltd               LOC                CRISIL A2+     120     Reaffirmed
Knitex Textiles Pvt Ltd                 Packing Credit     CRISIL A4+     40      Suspended
Knitex Textiles Pvt Ltd                 Standby Export     CRISIL A4+     8       Suspended
                                        Packing Credit
Lacton Tiles Pvt Ltd                    BG                 CRISIL A4      22.5    Reaffirmed
Leighton India Contractors Pvt Ltd      BG**               CRISIL A1      825     Reaffirmed
** Fully interchangeable with import LC and interchangeable with standby LC to the extent of Rs
550 million
Leighton India Contractors Pvt Ltd      Proposed NFBL      CRISIL A1      18330   Withdrawal
Lilly Fashions Pvt Ltd                  Packing Credit in  CRISIL A4      32.5    Assigned
                                        Foreign Currency
Living Media India Ltd                  LOC*               CRISIL A3      55      Reaffirmed
*Interchangeable with bank guarantee
Lotus Construction Corporation          BG                 CRISIL A4+     100     Suspended
M. J. Chemicals                         Import LOC Limit   CRISIL A4      36.2    Suspended
M. J. Chemicals                         Letter Of GuaranteeCRISIL A4      24.6    Suspended
M. K. Heemghar Pvt Ltd                  BG                 CRISIL A4      0.9     Suspended
M. L. Enterprises                       Packing Credit     CRISIL A4      5       Suspended
Mahendra Rice Industry                  BG                 CRISIL A4+     7       Suspended
Mandhana Plastics Pvt Ltd               LOC                CRISIL A4+     25      Assigned
Manjira Machine Builders Pvt Ltd        BG                 CRISIL A4+     65      Suspended
Manjira Machine Builders Pvt Ltd        LOC                CRISIL A4+     10      Suspended
Natraj Rice Mills Pvt Ltd               BG                 CRISIL A4+     3.4     Assigned
Nevatia Steel and Alloys Pvt Ltd        LOC                CRISIL A4+     7.5     Assigned
Nevatia Steel and Alloys Pvt Ltd        BG                 CRISIL A4+     45      Assigned
Nevatia Steel and Alloys Pvt Ltd        Foreign Exchange   CRISIL A4+     9.6     Assigned
                                        Forward
Orient Abrasives Ltd                    LOC & BG           CRISIL A1      100     Reaffirmed
Prathmesh Construction                  BG                 CRISIL A4+     130     Assigned
Ransan Packaging Pvt Ltd                LOC                CRISIL A4      30      Assigned
RBA Constructions Pvt Ltd               BG                 CRISIL A4+     60      Assigned
RBA Constructions Pvt Ltd               Overdraft Fac      CRISIL A4+     35      Assigned
Red Rose Kindergarten Society           Overdraft Fac      CRISIL A4+     4       Assigned
Roha Dyechem Pvt Ltd                    LOC & BG           CRISIL A2+     450     Reaffirmed
Rohan Rajdeep Kerala Road Projects Ltd  BG                 CRISIL A3      40.5    Assigned
Rythu Dairy Products Pvt. Ltd           LOC                CRISIL A4+     10      Suspended
S P International                       Packing Credit     CRISIL A4+     140     Assigned
Sanghar Exports                         LOC                CRISIL A4+     20      Assigned
Sanghar Exports                         Packing Credit     CRISIL A4+     250     Assigned
Satyam (Fab) Industries Pvt Ltd         BG                 CRISIL A4+     23      Reaffirmed
Shreeji Cotfab Ltd                      Overdraft Fac      CRISIL A4+     100     Assigned
Shreeji Cotfab Ltd                      Overdraft Fac      CRISIL A4+     100     Assigned
Shri Ramraja Sarkar Lok Kalyan Trust    Overdraft Fac      CRISIL A4      45      Upgraded from
                                                                                  CRISIL D
Spectra and Star Convergence Ltd        BG                 CRISIL A3      110     Reaffirmed
Surendra Infrastructure Pvt Ltd         Overdraft Fac      CRISIL A4+     12.5    Assigned
Surendra Infrastructure Pvt Ltd         LOC                CRISIL A4+     27.5    Assigned
Surendra Infrastructure Pvt Ltd         BG                 CRISIL A4+     160     Assigned
Swami Parmanand & Associates            BG                 CRISIL A4      50      Suspended
Swami Parmanand & Associates            Proposed ST Bk     CRISIL A4      14      Suspended
                                        Loan Fac
Symbosa Granito Pvt Ltd                 BG                 CRISIL A4      35      Suspended
Tata Projects Ltd                       ST Debt (Including CRISIL A1+     2000    Reaffirmed
                                        CP)
UltraTech Cement Ltd                    BG*                CRISIL A1+     7500    Reaffirmed
* Consortium led by State Bank of India.
UltraTech Cement Ltd                    LOC*               CRISIL A1+     5000    Reaffirmed
* Consortium led by State Bank of India.
Versatile Wires Ltd                     BG                 CRISIL A4      27.1    Suspended
Versatile Wires Ltd                     Foreign Exchange   CRISIL A4      0.3     Suspended
                                        Forward
Versatile Wires Ltd                     LOC                CRISIL A4      27.5    Suspended
Vetindia Pharmaceuticals Ltd            BG                 CRISIL A4+     2       Suspended
Vetindia Pharmaceuticals Ltd            Inland/Import LOC  CRISIL A4+     5       Suspended
Vishnu Saran and Co.                    BG                 CRISIL A3      80      Assigned
Vishnu Saran and Co.                    Overdraft Fac      CRISIL A3      35      Assigned
Window Magic India Pvt Ltd              LOC & BG           CRISIL A4+     30      Reaffirmed

LONG TERM RATINGS:
-------------------
Aadharshila                             Proposed LT Bk     CRISIL B+      50      Assigned
                                        Loan Fac
Aadharshila                             CC                 CRISIL B+      20      Assigned
Ardhendu Mondal                         Secured Overdraft  CRISIL BB-     60      Assigned
                                        Fac
Ardhendu Mondal                         Proposed FB Bk     CRISIL BB-     35.8    Assigned
                                        Limits
Avon Containners Pvt Ltd                TL                 CRISIL BB      25.4    Assigned
Avon Containners Pvt Ltd                Standby LOC        CRISIL BB      10      Assigned
Avon Containners Pvt Ltd                CC                 CRISIL BB      60      Assigned
Avon Containners Pvt Ltd                Proposed FB Bk     CRISIL BB      4.6     Assigned
                                        Limits
Avon Containners Pvt Ltd                TL                 CRISIL BB      25.4    Assigned
Avon Containners Pvt Ltd                Standby LOC        CRISIL BB      10      Assigned
Avon Containners Pvt Ltd                CC                 CRISIL BB      60      Assigned
Avon Containners Pvt Ltd                Proposed FB Bk     CRISIL BB      4.6     Assigned
                                        Limits
Avtar Singh and Company                 Proposed CC Limit  CRISIL BB      100     Assigned
B. S. P. Refineris                      CC                 CRISIL BB+     70      Assigned
Bajaj Auto Ltd                          CC                 CRISIL AAA     500     Reaffirmed
Chhina Paper And Allied Industries Pvt  CC                 CRISIL B+      60      Assigned
Ltd
Deepak Polyester Pvt Ltd                CC                 CRISIL B+      70      Reaffirmed
Deepak Polyester Pvt Ltd                TL                 CRISIL B+      21.1    Reaffirmed
Fashion Matrix Overseas                 Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
Fashion Matrix Overseas                 Overdraft Fac      CRISIL BBB-    55      Assigned
Futech Projects India Pvt Ltd           Proposed WC Fac    CRISIL B       17.5    Downgraded
                                                                                  from CRISIL B+
Futech Projects India Pvt Ltd           Secured Overdraft  CRISIL B       27.5    Downgraded
                                        Fac                                       from CRISIL B+
G. K. International                     CC*                CRISIL BB-     65      Assigned
*100% interchangeable with buyer's credit
Harsh Constructions Pvt Ltd             Proposed CC Limit  CRISIL BBB     100     Assigned
Harsh Constructions Pvt Ltd             Proposed BG        CRISIL BBB     150     Assigned
Harsh Constructions Pvt Ltd             CC                 CRISIL BBB     250     Assigned
Himatsingka Seide Ltd                   Proposed WC Fac    CRISIL A-      366.1   Reaffirmed
Himatsingka Seide Ltd                   TL                 CRISIL A-      11150.2 Reaffirmed
Himatsingka Seide Ltd                   WC Fac             CRISIL A-      200     Reaffirmed
Himatsingka Wovens Pvt Ltd              CC                 CRISIL A-      120     Reaffirmed
Himatsingka Wovens Pvt Ltd              Proposed LT Bk     CRISIL A-      113.9   Reaffirmed
                                        Loan Fac
Himatsingka Wovens Pvt Ltd              Rupee TL           CRISIL A-      16.1    Reaffirmed
Hind Offshore Pvt Ltd                   TL                 CRISIL BB+     582     Reaffirmed
HS Akash Agro India Pvt Ltd             CC                 CRISIL BB      800     Reaffirmed
HS Akash Agro India Pvt Ltd             Warehouse FinancingCRISIL BB      100     Assigned
Jain Electroplast Pvt Ltd               TL                 CRISIL BB-     42      Assigned
Jain Electroplast Pvt Ltd               CC                 CRISIL BB-     40      Assigned
Jain Electroplast Pvt Ltd               Proposed LT Bk     CRISIL BB-     43      Assigned
                                        Loan Fac
Jain Sons Finlease Ltd                  NCD                CRISIL BB+     660     Reaffirmed
JSR Infra Developers Pvt Ltd            CC                 CRISIL BB      370     Reaffirmed
JSR Infra Developers Pvt Ltd            Proposed LT Bk     CRISIL BB      110     Reaffirmed
                                        Loan Fac
Kaveri Tubes                            CC                 CRISIL BB+     50      Reaffirmed
KELVOLT (India) Pvt Ltd                 CC                 CRISIL BB      40      Suspended
KELVOLT (India) Pvt Ltd                 TL                 CRISIL BB      20      Suspended
Kerala State Co-Operative Agricultural  Overdraft Fac      CRISIL BB+     1000    Reaffirmed
and Rural Development Bank Ltd
Keshari Industries                      CC                 CRISIL BB-     27.5    Suspended
Keshari Industries                      TL                 CRISIL BB-     36      Suspended
Kirloskar Ebara Pumps Ltd               Buyer Credit Limit CRISIL A-      85      Reaffirmed
Kirloskar Ebara Pumps Ltd               CC                 CRISIL A-      140     Reaffirmed
Kirloskar Ebara Pumps Ltd               Overdraft Fac      CRISIL A-      50      Reaffirmed
Knitex Textiles Pvt Ltd                 Proposed LT Bk     CRISIL BB-     42      Suspended
                                        Loan Fac
Komman Peoples Welfare Society          TL                 CRISIL B+      77.8    Suspended
Lacton Tiles Pvt Ltd                    CC                 CRISIL B-      27.5    Downgraded
                                                                                  from CRISIL B+
Lacton Tiles Pvt Ltd                    Proposed LT Bk     CRISIL B-      15      Downgraded
                                        Loan Fac                                  from CRISIL B+
Lacton Tiles Pvt Ltd                    TL                 CRISIL B-      60      Downgraded
                                                                                  from CRISIL B+
Leighton India Contractors Pvt Ltd      BG*                CRISIL A       1950    Reaffirmed
* Fully interchangeable with import letter of credit (LC) and interchangeable with standby LC to
the extent of Rs 1025 million.

Leighton India Contractors Pvt Ltd      BG@                CRISIL A       2700    Reaffirmed
@ Interchangeable with LC to the extent of Rs 1000 million.

Leighton India Contractors Pvt Ltd      BG#                CRISIL A       1800    Reaffirmed
# Interchangeable with LC.

Leighton India Contractors Pvt Ltd      BG^                CRISIL A       3520    Reaffirmed
^ Interchangeable with LC to the extent of Rs 500 million.

Leighton India Contractors Pvt Ltd      CC##               CRISIL A       300     Reaffirmed
## Interchangeable with working capital demand loan and bank guarantee.

Leighton India Contractors Pvt Ltd      CC^^               CRISIL A       200     Reaffirmed
^^ Interchangeable with working capital demand loan, LC, and bank guarantee.

Leighton India Contractors Pvt Ltd      Fund & NFBL***     CRISIL A       2600    Reaffirmed
*** Interchangeable with the following limits:
Working capital loan to the extent of Rs 300 million with a sub-limit for cash flow finance of
Rs 300 million ,Overdraft facility to the extent of Rs 50 million,Fully interchangeable with
import documentary credits with a sublimit for import deferred payment credits and buyer's
credit of Rs 2600 million,Bank guarantees to the extent of Rs 1100 million with a sub limit of
Rs 650 million for open-ended guarantees with stated tenor of 42 months.

Leighton India Contractors Pvt Ltd      Overdraft Fac@@    CRISIL A       100     Reaffirmed
@@ Interchangeable with line of credit for short-term loans.

Leighton India Contractors Pvt Ltd      Proposed LT Bk     CRISIL A       1645    Withdrawal
                                        Loan Fac

Life Shine Medical Services Pvt Ltd     TL                 CRISIL B       180     Suspended
Lilly Fashions Pvt Ltd                  Foreign Bill       CRISIL B+      10      Assigned
                                        Discounting
Living Media India Ltd                  CC                 CRISIL BBB-    625     Reaffirmed
Living Media India Ltd                  Proposed FB Bk     CRISIL BBB-    60      Reaffirmed
                                        Limits#
#Interchangeable with proposed non-fund-based limits.
Living Media India Ltd                  Proposed LT Bk     CRISIL BBB-    300     Reaffirmed
                                        Loan Fac
Living Media India Ltd                  Rupee TL           CRISIL BBB-    200     Reaffirmed
Lotus Construction Corporation          Overdraft Fac      CRISIL BB-     50      Suspended
M. J. Chemicals                         Proposed LT Bk     CRISIL B       9.2     Suspended
                                        Loan Fac
M. K. Heemghar Pvt Ltd                  CC                 CRISIL B-      6.1     Suspended
M. K. Heemghar Pvt Ltd                  Proposed LT Bk     CRISIL B-      55      Suspended
                                        Loan Fac
M. K. Heemghar Pvt Ltd                  WC TL              CRISIL B-      10.1    Suspended
M. L. Enterprises                       Proposed LT Bk     CRISIL B+      45      Suspended
                                        Loan Fac
Madhav Govind Food Products Pvt. Ltd.   CC                 CRISIL BB-     65      Suspended
Madhav Govind Food Products Pvt. Ltd.   TL                 CRISIL BB-     60      Suspended
Mahendra Rice Industry                  CC                 CRISIL BB-     67.5    Suspended
Mahendra Rice Industry                  Proposed LT Bk     CRISIL BB-     9.5     Suspended
                                        Loan Fac
Mandhana Plastics Pvt Ltd               TL                 CRISIL BB      2.8     Assigned
Mandhana Plastics Pvt Ltd               Proposed LT Bk     CRISIL BB      2.2     Assigned
                                        Loan Fac
Mandhana Plastics Pvt Ltd               CC                 CRISIL BB      40      Assigned
Mangal Murti Fabrics Pvt Ltd            CC                 CRISIL B+      20      Suspended
Mangal Murti Fabrics Pvt Ltd            TL                 CRISIL B+      67.8    Suspended
Manjira Machine Builders Pvt Ltd        CC                 CRISIL BB      55      Suspended
Manjira Machine Builders Pvt Ltd        Proposed LT Bk     CRISIL BB      80      Suspended
                                        Loan Fac
Manjira Machine Builders Pvt Ltd        TL                 CRISIL BB      10      Suspended
Manthena Satyanarayana Raju Charitable  TL                 CRISIL BB      130     Suspended
Trust
Meadowz Media Brandcom Pvt Ltd          BG                 CRISIL D       22.5    Suspended
Meadowz Media Brandcom Pvt Ltd          CC                 CRISIL D       25      Suspended
Meadowz Media Brandcom Pvt Ltd          TL                 CRISIL D       50      Suspended
Mohammed Khan Jewellers Pvt Ltd         CC                 CRISIL BB-     178     Suspended
Mohammed Khan Jewellers Pvt Ltd         Proposed LT Bk     CRISIL BB-     22      Suspended
                                        Loan Fac
Muthoot Microfin Ltd                    Proposed LT Bk     CRISIL A-      1000    Reaffirmed
                                        Loan Fac
Namaha Estates                          CC                 CRISIL B       100     Suspended
Namaha Estates                          Proposed LT Bk     CRISIL B       100     Suspended
                                        Loan Fac
National Insurance Co. Ltd.             Financial Strength CRISIL AAA     -       Reaffirmed
Natraj Rice Mills Pvt Ltd               LT Loan            CRISIL BB+     147     Assigned
Natraj Rice Mills Pvt Ltd               CC                 CRISIL BB+     88.5    Assigned
Nevatia Steel and Alloys Pvt Ltd        Export Packing     CRISIL BB      252.5   Assigned
                                        Credit
Nevatia Steel and Alloys Pvt Ltd        CC                 CRISIL BB      6.3     Assigned
Nevatia Steel and Alloys Pvt Ltd        Proposed LT Bk     CRISIL BB      0.1     Assigned
                                        Loan Fac
Nevatia Steel and Alloys Pvt Ltd        Rupee TL           CRISIL BB      59      Assigned
Nimbus Motors Pvt Ltd                   CC                 CRISIL BB      165     Suspended
Nimbus Motors Pvt Ltd                   Channel Financing  CRISIL BB      105     Suspended
Nimbus Motors Pvt Ltd                   Proposed CC Limit  CRISIL BB      18      Suspended
Nimbus Motors Pvt Ltd                   TL                 CRISIL BB      12      Suspended
NLC India Ltd                           WC Demand Loan     CRISIL AAA     2500    Reaffirmed
NLC India Ltd                           WC Demand Loan     CRISIL AAA     2500    Reaffirmed
Orient Abrasives Ltd                    CC                 CRISIL A       400     Reaffirmed
Orient Abrasives Ltd                    Proposed LT Bk     CRISIL A       150     Reaffirmed
                                        Loan Fac
P. N. Memorial Neurocentre and Research CC                 CRISIL BBB     130     Upgraded from
Institute Ltd                                                                     CRISIL BBB-
P. N. Memorial Neurocentre and Research TL                 CRISIL BBB     1465    Upgraded from
Institute Ltd                                                                     CRISIL BBB-
Pearl Furniture Pvt Ltd                 CC                 CRISIL BB-     38      Upgraded from
                                                                                  CRISIL B+
Pearl Furniture Pvt Ltd                 TL                 CRISIL BB-     25.3    Upgraded from
                                                                                  CRISIL B+
Petronet LNG Ltd                        NCD                CRISIL AA+     10000   Reaffirmed
Petuela Industries                      CC                 CRISIL BB-     45      Suspended
Petuela Industries                      Proposed LT Bk     CRISIL BB-     8.2     Suspended
                                        Loan Fac
Petuela Industries                      TL                 CRISIL BB-     46.2    Suspended
Prathmesh Construction                  CC                 CRISIL BB+     100     Assigned
Premium Exports                         WC Fac             CRISIL B+      80      Assigned
Priyankshi Fashions Pvt Ltd             CC                 CRISIL B       100     Suspended
Protocol Marine Services Pvt Ltd        CC                 CRISIL BB-     55      Suspended
Protocol Marine Services Pvt Ltd        Proposed LT Bk     CRISIL BB-     101     Suspended
                                        Loan Fac
Protocol Marine Services Pvt Ltd        TL                 CRISIL BB-     44      Suspended
Ransan Packaging Pvt Ltd                Proposed WC Fac    CRISIL B       5       Assigned
Ransan Packaging Pvt Ltd                LT Loan            CRISIL B       40      Assigned
Ransan Packaging Pvt Ltd                CC                 CRISIL B       25      Assigned
RBA Constructions Pvt Ltd               Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
Ready Roti India Pvt Ltd                CC                 CRISIL BBB+    5       Assigned
Ready Roti India Pvt Ltd                Proposed LT Bk     CRISIL BBB+    16.6    Assigned
                                        Loan Fac
Ready Roti India Pvt Ltd                TL                 CRISIL BBB+    178.4   Assigned
Red Rose Kindergarten Society           TL                 CRISIL BB      45      Assigned
Red Rose Kindergarten Society           Proposed LT Bk     CRISIL BB      13      Assigned
                                        Loan Fac
Roha Dyechem Pvt Ltd                    Bill Discounting   CRISIL A-      300     Reaffirmed
Roha Dyechem Pvt Ltd                    CC@@               CRISIL A-      450     Reaffirmed
@@Fully interchangeable with letter of credit
Roha Dyechem Pvt Ltd                    CC#                CRISIL A-      300     Reaffirmed
# Fully interchangeable with packing credit and export bill discounted facility
Roha Dyechem Pvt Ltd                    LT Loan            CRISIL A-      3970    Reaffirmed
Roha Dyechem Pvt Ltd                    Packing Credit@    CRISIL A-      300     Reaffirmed
@Fully interchangeable with cash credit
Rohan Rajdeep Kerala Road Projects Ltd  Cash TL            CRISIL BBB-    681.1   Assigned
RR Polynet Pvt Ltd                      Proposed LT Bk     CRISIL B-      54.8    Suspended
                                        Loan Fac
Rythu Dairy Products Pvt. Ltd           CC                 CRISIL BB      40      Suspended
Rythu Dairy Products Pvt. Ltd           LT Loan            CRISIL BB      55.5    Suspended
Sai Tripura Techno Projects Pvt Ltd     Proposed LT Bk     CRISIL B       100     Suspended
                                        Loan Fac
Sanghar Exports                         Foreign Bill       CRISIL BB+     200     Assigned
                                        Discounting
Satyam (Fab) Industries Pvt Ltd         CC                 CRISIL BB      77      Reaffirmed
SBI Life Insurance Co. Ltd              Financial Strength CRISIL AAA     -       Reaffirmed
Shreeji Cotfab Ltd                      LT Loan            CRISIL BB-     45      Assigned
Shreeji Cotfab Ltd                      LT Loan            CRISIL BB-     45      Assigned
Shri Ramraja Sarkar Lok Kalyan Trust    Proposed LT Bk     CRISIL B-      155     Upgraded from
                                        Loan Fac                                  CRISIL D
Shri Ramraja Sarkar Lok Kalyan Trust    TL                 CRISIL B-      50      Upgraded from
                                                                                  CRISIL D
Spectra and Star Convergence Ltd        CC                 CRISIL BBB-    590     Reaffirmed
Sri Venkatesh Iron and Alloys India Ltd Proposed LT Bk     CRISIL BBB-    125     Assigned
                                        Loan Fac
Surendra Infrastructure Pvt Ltd         Proposed FB Bk     CRISIL BB-     42.7    Assigned
                                        Limits
Surendra Infrastructure Pvt Ltd         LT Loan            CRISIL BB-     4.3     Assigned
Surendra Infrastructure Pvt Ltd         CC                 CRISIL BB-     53      Assigned
Swami Parmanand & Associates            CC                 CRISIL B+      11      Suspended
Swami Parmanand & Associates            TL                 CRISIL B+      5       Suspended
Swarna Industries Ltd                   CC                 CRISIL BB-     250     Suspended
Swarna Industries Ltd                   Proposed LT Bk     CRISIL BB-     18.4    Suspended
                                        Loan Fac
Symbosa Granito Pvt Ltd                 CC                 CRISIL B       80      Suspended
Symbosa Granito Pvt Ltd                 LT Loan            CRISIL B       200     Suspended
T. C. M. Steels India                   CC                 CRISIL BB-     140     Suspended
Team Media And Hospitality Pvt Ltd      CC                 CRISIL B       30      Suspended
Team Media And Hospitality Pvt Ltd      TL                 CRISIL B       75      Suspended
Tufko International                     CC                 CRISIL B+      75      Suspended
UCN Cable Network Pvt Ltd               CC                 CRISIL BB      150     Suspended
UCN Cable Network Pvt Ltd               Proposed LT Bk     CRISIL BB      50      Suspended
                                        Loan Fac
UltraTech Cement Ltd                    CC*                CRISIL AAA     7500    Reaffirmed
* Consortium led by State Bank of India.
UltraTech Cement Ltd                    External           CRISIL AAA     17924.9 Reaffirmed
                                        Commercial
                                        Borrowings
UltraTech Cement Ltd                    Proposed LT Bk     CRISIL AAA     18065.1 Reaffirmed
                                        Loan Fac
UltraTech Cement Ltd                    Rupee TL           CRISIL AAA     6750    Reaffirmed
Unity Stone Crushers Pvt Ltd            CC                 CRISIL B+      48.5    Suspended
Versatile Wires Ltd                     CC                 CRISIL B-      48.9    Suspended
Versatile Wires Ltd                     Funded Interest TL CRISIL B-      5.6     Suspended
Vetindia Pharmaceuticals Ltd            CC                 CRISIL BB+     70.5    Suspended
Vetindia Pharmaceuticals Ltd            Proposed LT Bk     CRISIL BB+     22.5    Suspended
                                        Loan Fac
Virtuaal Retail Pvt Ltd                 BG                 CRISIL D       16      Suspended
Virtuaal Retail Pvt Ltd                 CC                 CRISIL D       150     Suspended
Virtuaal Retail Pvt Ltd                 Proposed CC Limit  CRISIL D       12      Suspended
Virtuaal Retail Pvt Ltd                 TL                 CRISIL D       32      Suspended
Vishnu Saran and Co.                    Proposed FB Bk     CRISIL BBB-    5       Assigned
                                        Limits
Vora Packaging Pvt Ltd                  CC*                CRISIL B+      92.5    Assigned
* Contains sub-limit of Rs.60 Million for packing credit.
Vora Packaging Pvt Ltd                  TL                 CRISIL B+      107.5   Assigned
Window Magic India Pvt Ltd              CC                 CRISIL BB-     100     Downgraded
                                                                                  from CRISIL BB
Window Magic India Pvt Ltd              Proposed LT Bk     CRISIL BB-     2.1     Downgraded
                                        Loan Fac                                  from CRISIL BB
Window Magic India Pvt Ltd              TL                 CRISIL BB-     5.4     Downgraded
                                                                                  from CRISIL BB
--------------------------------------------------------------------------------------------
$: 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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