April 30, 2019 / 12:06 PM / 5 months ago

CRISIL ratings for Indian debt instruments-Apr 30

    Apr 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 26&27, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adinath Forging Pvt Ltd                 BG                 CRISIL A4+     5       Reaffirmed
Ananta Charitable Educational Society   BG                 CRISIL A4+     100     Reaffirmed
Ardom Towergen Pvt Ltd                  BG                 CRISIL A3      200     Reaffirmed
Assam Air Products Pvt Ltd              BG                 CRISIL A4+     30      Revised from
                                                                                  CRISIL A3 
Issuer Not Cooperating
ASTA India Pvt Ltd                      LOC                CRISIL A4+     10      -
(ISSUER NOT COOPERATING)
Astitva Capital Market Pvt Ltd          BG                 CRISIL A4      20      Reaffirmed
Astra Microwave Products Ltd            BG                 CRISIL A1      3500    Reaffirmed
Astra Microwave Products Ltd            CP                 CRISIL A1      200     Reaffirmed
Avenue Supermarts Ltd                   ST Loan            CRISIL A1+     500     Reassigned
Avenue Supermarts Ltd                   CP                 CRISIL A1+     5000    Reaffirmed
B D Corporates Pvt Ltd                  BG                 CRISIL A4+     15.5    Upgraded from
                                                                                  CRISIL A4
Bhagwandas Metals and Steel             LOC                CRISIL A4      65      Reaffirmed
CDE Asia Ltd                            BG                 CRISIL A2      100     Reaffirmed
Connectwell Industries Pvt Ltd          Standby LOC        CRISIL A2      30      -
(ISSUER NOT COOPERATING)
Creative Polypack Ltd                   BG                 CRISIL A4+     20      Revised from
                                                                                  CRISIL A3+
(ISSUER NOT COOPERATING)
Creative Polypack Ltd                   Overdraft          CRISIL A4+     30      Revised from
                                                                                  CRISIL A3+
(ISSUER NOT COOPERATING)
CSM Technologies Pvt Ltd                BG                 CRISIL A3      110     Upgraded from
                                                                                  CRISIL A4+
Davariya Brothers Pvt Ltd               Pre Shipment CreditCRISIL A4+     350     Assigned
Davariya Brothers Pvt Ltd               Post Shipment      CRISIL A4+     520     Assigned
                                        Credit
Davariya Brothers Pvt Ltd               Packing Credit     CRISIL A4+     114     Assigned
Dayal Steels Ltd                        BG                 CRISIL A4+     23.8    Assigned
Dayal Steels Ltd                        Inland/Import LOC  CRISIL A4+     8       Assigned
Deep Industries                         Bill Discounting   CRISIL A4+     70      Reaffirmed
                                        under LOC
Doka India Pvt Ltd                      LOC                CRISIL A4+     50      Reaffirmed
E-Durables                              LOC                CRISIL A4+     80      -
(ISSUER NOT COOPERATING)
Electromec Engineering Enterprises      BG                 CRISIL A4      22.5    Assigned
Elgi Equipments Ltd                     LOC & BG##         CRISIL A1+     300     Reaffirmed
##Interchangeable with bill discounting
Elgi Equipments Ltd                     Packing Credit     CRISIL A1+     1500    Reaffirmed
Elgi Equipments Ltd                     ST Bk Fac@         CRISIL A1+     205     Reaffirmed
@ Interchangeable between letter of credit and bank guarantee
Elgi Equipments Ltd                     ST Bk Fac#         CRISIL A1+     200     Reaffirmed
#Interchangeable between PCFC and non-fund-based working capital facilities
Elgi Equipments Ltd                     ST Bk Fac          CRISIL A1+     1075    Reaffirmed
Elgi Equipments Ltd                     CP                 CRISIL A1+     500     Withdrawn
E-Vision                                LOC                CRISIL A4+     135     -
(ISSUER NOT COOPERATING)
Fire Safety Devices Pvt Ltd             BG                 CRISIL A3+     65      Migrated from
                                                                                  CRISIL A3+
                                                                                  and Withdrawn
Issuer Not Cooperating
Fire Safety Devices Pvt Ltd             LOC                CRISIL A3+     5       Migrated from
                                                                                  CRISIL A3+
                                                                                  and Withdrawn
Issuer Not Cooperating
Formokem India Corporation              Bill Purchase      CRISIL A3      20      Upgraded from
                                                                                  CRISIL A4+
Formokem India Corporation              LOC                CRISIL A3      20      Upgraded from
                                                                                  CRISIL A4+
Garg Agrifoods Pvt Ltd                  BG                 CRISIL A4+     6       Reaffirmed
Gee Ltd                                 LOC                CRISIL A3+     100     Assigned
Gloster Ltd                             BG                 CRISIL A1+     40      Upgraded from
                                                                                  CRISIL A1
Gloster Ltd                             LOC                CRISIL A1+     200     Upgraded from
                                                                                  CRISIL A1
Gloster Ltd                             CP                 CRISIL A1+     200     Upgraded from
                                                                                  CRISIL A1
Grainspan Nutrients Pvt Ltd             ST Loan            CRISIL A3      300     Assigned
Grainspan Nutrients Pvt Ltd             BG                 CRISIL A3      5       Assigned
Grainspan Nutrients Pvt Ltd             CP                 CRISIL A3      100     Assigned
Hyquip Systems Ltd                      BG                 CRISIL A4      102     Reaffirmed
International Cylinders Pvt Ltd         BG                 CRISIL A3+     75      Reaffirmed
Jai Goswami Electric Work               Overdraft          CRISIL A4      70      Assigned
Jai Sai Construction                    BG                 CRISIL A4+     50      Reaffirmed
Jay Autocomponents Ltd                  LOC                CRISIL A4+     50      Revised from
                                                                                  CRISIL A3
Issuer Not Cooperating
Jay Autocomponents Ltd                  Packing Credit in  CRISIL A4+     50      Revised from
                                        Foreign Currency                          CRISIL A3
Issuer Not Cooperating

Jayapriya Chit Funds Pvt Ltd            ST Loan            CRISIL A4      50      Reaffirmed
JMP Securities Pvt Ltd                  BG                 CRISIL A4+     500     Reaffirmed
Jupiter Laminators Pvt Ltd              BG                 CRISIL A3      15      Migrated from
                                                                                  CRISIL A2
Issuer Not Cooperating
Ketul Chem Pvt Ltd                      Foreign Exchange   CRISIL A4+     10      Revised from
                                        Forward                                   CRISIL A3
Issuer Not Cooperating
Ketul Chem Pvt Ltd                      LOC                CRISIL A4+     860     Revised from
                                                                                  CRISIL A3
Issuer Not Cooperating
KLJ Organic Ltd                         BG                 CRISIL A1+     10      Reaffirmed
KLJ Organic Ltd                         LOC                CRISIL A1+     1257.5  Reaffirmed
KLJ Plasticizers Ltd                    BG                 CRISIL A1+     20      Reaffirmed
Issuer Not Cooperating
KLJ Plasticizers Ltd                    LOC                CRISIL A1+     3645    Reaffirmed
KLJ Plasticizers Ltd                    Proposed LOC       CRISIL A1+     135     Reaffirmed
KLJ Plasticizers Ltd                    CP Programme       CRISIL A1+     250     Reaffirmed
KLJ Polymers and Chemicals Ltd          BG                 CRISIL A1+     20      Reaffirmed
KLJ Polymers and Chemicals Ltd          LOC*               CRISIL A1+     1480.6  Reaffirmed
*Includes a sublimit for Forward Contract amounting to Rs 8.06 crores
KLJ Polymers and Chemicals Ltd          CP                 CRISIL A1+     400     Reaffirmed
KLJ Resources Ltd                       LOC                CRISIL A1+     5200    Reaffirmed
KMCT Group of Institutions              BG                 CRISIL A4+     46.1    -
(ISSUER NOT COOPERATING)
KMCT Group of Institutions              Overdraft          CRISIL A4+     70      -
(ISSUER NOT COOPERATING)
Koya and Company Construction Ltd       BG*                CRISIL A4+     1450    Reaffirmed
* Interchangeable with letter of credit of up to Rs 70 crore
L&T Technology Services Ltd             Non-FBL**          CRISIL A1+     500     Reaffirmed
**Non Fund Based ' Letter of Credit / Bank Guarant
Larsen and Toubro Infotech Ltd          BG*                CRISIL A1+     250     Reaffirmed
*Interchangeable with packing credit up to Rs 25 crore
Larsen and Toubro Infotech Ltd          BG**               CRISIL A1+     500     Reaffirmed
**Rs 25 Crore interchangeable with buyer's credit limit
Larsen and Toubro Infotech Ltd          BG                 CRISIL A1+     2630    Reaffirmed
Larsen and Toubro Infotech Ltd          Packing Credit     CRISIL A1+     1750    Reaffirmed
Larsen and Toubro Infotech Ltd          Packing Credit&    CRISIL A1+     790     Reaffirmed
&Rs 26 crore interchangeable with bank guarantee
Larsen and Toubro Infotech Ltd          Packing Credit%    CRISIL A1+     300     Reaffirmed
%Rs 28 crore interchangeable with buyer's credit limit
Larsen and Toubro Infotech Ltd          Proposed BG        CRISIL A1+     1730    Reaffirmed
Laser Shaving India Pvt Ltd             LOC                CRISIL A2+     120     Reaffirmed
Lumens India                            Packing Credit     CRISIL A4      80      Assigned
Manav Motors                            Proposed BG        CRISIL A4+     29      Assigned
Manav Motors                            BG                 CRISIL A4+     11      Assigned
Maruti Ferrous Pvt Ltd                  Proposed ST Bk     CRISIL A3+     5       -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Mathew Associates Hook - Up & Weld      BG                 CRISIL A4      105     Reaffirmed
Services
Mother Dairy Fruit And Vegetable Pvt LtdCP                 CRISIL A1+     6000    Reaffirmed
MPIL Steel Structures Ltd               BG                 CRISIL A3      93      Reaffirmed
MPIL Steel Structures Ltd               LOC                CRISIL A3      170     Reaffirmed
Overseas Timber Corporation             LOC                CRISIL A4      40      Assigned
Parthas Textiles - Cochin               Packing Credit     CRISIL A4+     20      Assigned
Pawar Patkar Constructions Pvt Ltd      BG                 CRISIL A4+     430     -
(ISSUER NOT COOPERATING)
Periyar Polymers Pvt Ltd                LOC                CRISIL A4+     56      Reaffirmed
Power Grid Corporation of India Ltd     BG                 CRISIL A1+     6000    Reaffirmed
Power Grid Corporation of India Ltd     LOC                CRISIL A1+     16000   Reaffirmed
Power Grid Corporation of India Ltd     ST Debt            CRISIL A1+     21000   Reaffirmed
Power Grid Corporation of India Ltd     CP                 CRISIL A1+     30000   Reaffirmed
Precision Rubber Industries Pvt Ltd     Inland/Import LOC  CRISIL A4+     30      -
(ISSUER NOT COOPERATING)
R.G. Buildwell Engineers Ltd            BG                 CRISIL A3+     1620    Reaffirmed
Rajarambapu Patil Sah Dudh Sangh Ltd    ST Loan            CRISIL A4+     250     -
(ISSUER NOT COOPERATING)
Rama Overseas Ltd                       Packing Credit     CRISIL A4+     125     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Romil Impex Pvt Ltd                     Packing Credit     CRISIL A4+     50      Upgraded from
                                                                                  CRISIL A4
Romil Impex Pvt Ltd                     Post Shipment      CRISIL A4+     110     Upgraded from
                                        Credit                                    CRISIL A4
Romil Impex Pvt Ltd                     Proposed ST Bk     CRISIL A4+     80      Upgraded from
                                        Loan Fac                                  CRISIL A4
Royal Latex Pvt Ltd                     Packing Credit     CRISIL A4+     20      Assigned
RP Sealing Systems India Pvt Ltd        BG                 CRISIL A4+     15      Revised from
                                                                                  CRISIL A3
Issuer Not Cooperating
RP Sealing Systems India Pvt Ltd        LOC                CRISIL A4+     50      Revised from
                                                                                  CRISIL A3
Issuer Not Cooperating
Samkit Diamond Export Pvt Ltd           Foreign Exchange   CRISIL A4+     10      Reaffirmed
                                        Forward
Samkit Diamond Export Pvt Ltd           Post Shipment      CRISIL A4+     80      Reaffirmed
                                        Credit
Satya Sai Agro Industries               BG                 CRISIL A4      60      Reaffirmed
Shivam Steels and Tubes Pvt Ltd         Inland/Import LOC  CRISIL A4+     250     Reaffirmed
Shourya Consumer Services               BG                 CRISIL A4      5       Assigned
Shree Santoshi Traders                  BG                 CRISIL A4+     54.5    Assigned
Shree Sanwaria Seth Kripa               BG                 CRISIL A4+     43.1    Assigned
Sinewave Generators Pvt Ltd             BG                 CRISIL A4+     40      grated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Skyway RMC Plants Pvt Ltd               BG                 CRISIL A3+     75      Reaffirmed
Skyway RMC Plants Pvt Ltd               LOC                CRISIL A3+     110     Reaffirmed
Skyway RMC Plants Pvt Ltd               Sales Bill         CRISIL A3+     80      Reaffirmed
                                        Discounting
Sparsh Transport Carriers Pvt Ltd       BG                 CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Stanfab Apparels Pvt Ltd                BG                 CRISIL A4+     2.5     -
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                Export Packing     CRISIL A4+     113     -
                                        Credit
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                Foreign Bill       CRISIL A4+     143     -
                                        Discounting
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                LOC                CRISIL A4+     20      -
(ISSUER NOT COOPERATING)
Sua Explosives and Accessories Pvt Ltd  BG                 CRISIL A4+     55      -
(ISSUER NOT COOPERATING)
Superb Minerals India Pvt Ltd           BG                 CRISIL A4      3.7     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Superb Minerals India Pvt Ltd           Post Shipment      CRISIL A4      15      Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
Superb Minerals India Pvt Ltd           ST Loan            CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Tata Motors Finance Ltd                 CP                 CRISIL A1+     70000   Reaffirmed
Tata Motors Finance Solutions Ltd       CP                 CRISIL A1+     25000   Reaffirmed
The Automotive Research Association of  BG                 CRISIL A1+     10      -
India
(ISSUER NOT COOPERATING)
The Automotive Research Association of  LOC                CRISIL A1+     290     -
India
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     BG                 CRISIL A3      5       -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     LOC                CRISIL A3      19.5    -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     Packing Credit     CRISIL A3      185     -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     Post Shipment      CRISIL A3      30      -
                                        Credit
(ISSUER NOT COOPERATING)
Toughglass India Pvt Ltd                BG                 CRISIL A4+     6       Reaffirmed
Trio Trend Exports Pvt Ltd              Export Packing     CRISIL A3+     200     Reaffirmed
                                        Credit
U.K.B. Electronics Pvt Ltd              Inland/Import LOC  CRISIL A3+     10      Reaffirmed
Vedant Fashions Pvt Ltd                 CP Programme       CRISIL A1+     100     Reaffirmed
Vedant Fashions Pvt Ltd                 CP Programme       CRISIL A1+     400     Withdrawn
Vijaya Diagnostic Centre Pvt Ltd        Overdraft          CRISIL A4+     10      Revised from
                                                                                  CRISIL A3+
Issuer Not Cooperating
Volvo Financial Services (India) Pvt LtdCP Programme       CRISIL A1+     3000    Reaffirmed
Yamai Fashions Pvt Ltd                  Packing Credit     CRISIL A2      190     Reaffirmed
Industrial Fans India Pvt Ltd           BG                 CRISIL D       27.5    Downgraded
Theme Export Pvt Ltd                    Packing Credit     CRISIL D       120     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Theme Export Pvt Ltd                    Standby Export     CRISIL D       46      Downgraded
                                        Packing Credit                            from CRISIL
                                                                                  A4+
                                                                                  from CRISIL A4



MEDIUM TERM RATINGS:
-------------------
Manglam Build Developers Ltd            FD                 FB             400     -
(ISSUER NOT COOPERATING)
SRS Ltd                                 FD                 FD             250
Issuer Not Cooperating
SRS Ltd                                 FD                 FD             1000
Issuer Not Cooperating



LONG TERM RATINGS:
-------------------
Adinath Forging Pvt Ltd                 CC                 CRISIL BB-     110     Reaffirmed
Alcobrew Distilleries India Pvt Ltd     Bill Discounting   CRISIL BBB+    150     Upgraded from
                                                                                  CRISIL BBB
Alcobrew Distilleries India Pvt Ltd     CC                 CRISIL BBB+    542.5   Upgraded from
                                                                                  CRISIL BBB
Alcobrew Distilleries India Pvt Ltd     LT Loan            CRISIL BBB+    102.5   Upgraded from
                                                                                  CRISIL BBB
Alcobrew Distilleries India Pvt Ltd     Proposed CC Limit  CRISIL BBB+    350     Upgraded from
                                                                                  CRISIL BBB
Alcobrew Distilleries India Pvt Ltd     Proposed Rupee TL  CRISIL BBB+    400     Upgraded from
                                                                                  CRISIL BBB
Alcobrew Distilleries India Pvt Ltd     Proposed LT Bk     CRISIL BBB+    205     Upgraded from
                                        Loan Fac                                  CRISIL BBB
Ananta Charitable Educational Society   Rupee TL           CRISIL BB      600     Reaffirmed
Ardom Towergen Pvt Ltd                  CC                 CRISIL BBB-    225     Reaffirmed
Ardom Towergen Pvt Ltd                  LT Loan            CRISIL BBB-    200     Reaffirmed
Ardom Towergen Pvt Ltd                  Proposed LT Bk     CRISIL BBB-    75      Reaffirmed
                                        Loan Fac
Ashok Iron Works Pvt Ltd                Ratings            -              -       -
CRISIL is yet to receive adequate information
Assam Air Products Pvt Ltd              CC                 CRISIL BB+     30      Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Assam Air Products Pvt Ltd              Proposed LT Bk     CRISIL BB+     145.9   Revised from
                                        Loan Fac                                  CRISIL BBB-
Issuer Not Cooperating
Assam Air Products Pvt Ltd              TL                 CRISIL BB+     94.1    Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
ASTA India Pvt Ltd                      Bill Discounting   CRISIL BB+     10      -
(ISSUER NOT COOPERATING)
ASTA India Pvt Ltd                      CC                 CRISIL BB+     275     -
(ISSUER NOT COOPERATING)
ASTA India Pvt Ltd                      Proposed LT Bk     CRISIL BB+     55      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
ASTA India Pvt Ltd                      Standby Line of    CRISIL BB+     220     -
                                        Credit
(ISSUER NOT COOPERATING)
Astitva Capital Market Pvt Ltd          Overdraft          CRISIL B+      50      Reaffirmed
Astitva Capital Market Pvt Ltd          Proposed Overdraft CRISIL B+      30      Reaffirmed
                                        Fac
Astra Microwave Products Ltd            Proposed LT Bk     -              1203.5  Withdrawn
                                        Loan Fac
Astra Microwave Products Ltd            CC                 CRISIL A       950     Downgraded
                                                                                  from CRISIL
                                                                                  A+
Astra Microwave Products Ltd            TL                 CRISIL A       142.6   Downgraded
                                                                                  from CRISIL
                                                                                  A+
Astra Microwave Products Ltd            NCD                CRISIL A       500     Downgraded
                                                                                  from CRISIL
                                                                                  A+
Astra Microwave Products Ltd            TL                 Withdrawn      81      Assigned
Avenue Supermarts Ltd                   Proposed FB Bk     CRISIL AA+     820     Reaffirmed
                                        Limits
Avenue Supermarts Ltd                   WC Fac             CRISIL AA+     6180    Reaffirmed
Avenue Supermarts Ltd                   NCDs               CRISIL AA+     3810    Reaffirmed
B D Corporates Pvt Ltd                  CC                 CRISIL BB-     277     Upgraded from
                                                                                  CRISIL B+
B D Corporates Pvt Ltd                  Proposed FB Bk     CRISIL BB-     37.5    Upgraded from
                                        Limits                                    CRISIL B+
B. D. Agro Products Pvt Ltd             CC                 CRISIL B       30      Upgraded from
                                                                                  CRISIL B-
B. D. Agro Products Pvt Ltd             Proposed FB Bk     CRISIL B       30      Upgraded from
                                        Limits                                    CRISIL B-
Bhagwandas Metals and Steel             CC                 CRISIL B+      30      Reaffirmed
Bhatia Wine Merchants Pvt Ltd           CC                 CRISIL BB+     250     -
(ISSUER NOT COOPERATING)
Bhatia Wine Merchants Pvt Ltd           TL                 CRISIL BB+     450     -
(ISSUER NOT COOPERATING)
Brindco Sales Pvt Ltd                   CC                 CRISIL BB+     370     Revised from
                                                                                  CRISIL BBB+
(ISSUER NOT COOPERATING)
C.I.Builders Pvt Ltd                    LT Loan            CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB
C.I.Builders Pvt Ltd                    Mortgage Loan Fac  CRISIL D       64.4    Downgraded
                                                                                  from CRISIL
                                                                                  BB
C.I.Builders Pvt Ltd                    Overdraft          CRISIL D       175     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Campus Student Communities Pvt Ltd      Ratings            -              -       -
CRISIL is yet to receive adequate information
CDE Asia Ltd                            CC                 CRISIL BBB+    50      Reaffirmed
Connectwell Industries Pvt Ltd          CC                 CRISIL BBB+    237.7   -
(ISSUER NOT COOPERATING)
Connectwell Industries Pvt Ltd          TL                 CRISIL BBB+    30.6    -
(ISSUER NOT COOPERATING)
Corum Hospitality                       CC                 CRISIL BB+     50      Withdrawn
Issuer Not Cooperating
Corum Hospitality                       Corporate Mortgage CRISIL BB+     80      Withdrawn
                                        Loan
Issuer Not Cooperating
Coster India Packaging Pvt Ltd          CC                 -              30      Withdrawn
Coster India Packaging Pvt Ltd          Packing Credit     -              10      Withdrawn
Coster India Packaging Pvt Ltd          Proposed WC Fac    -              40      Withdrawn
Creative Polypack Ltd                   CC                 CRISIL BB+     150     Revised from
                                                                                  CRISIL BBB
(ISSUER NOT COOPERATING)
Creative Polypack Ltd                   TL                 CRISIL BB+     100     Revised from
                                                                                  CRISIL BBB
(ISSUER NOT COOPERATING)
CSM Technologies Pvt Ltd                CC                 CRISIL BBB-    70      Upgraded from
                                                                                  CRISIL BB+
CSM Technologies Pvt Ltd                TL                 CRISIL BBB-    48      Upgraded from
                                                                                  CRISIL BB+
Daftari Agro Pvt Ltd                    Warehouse Receipts CRISIL BB      45      Assigned
Daftari Agro Pvt Ltd                    CC                 CRISIL BB      75      Assigned
Daftari Agro Pvt Ltd                    TL                 CRISIL BB      5       Assigned
Daulat Flour Mill                       CC                 Withdrawn      30      -
(ISSUER NOT COOPERATING)
Daulat Flour Mill                       Rupee TL           Withdrawn      30      -
(ISSUER NOT COOPERATING)
Davariya Brothers Pvt Ltd               Foreign Bill       CRISIL BB      266     Assigned
                                        Discounting
Davariya Brothers Pvt Ltd               FB Fac             CRISIL BB      200     Assigned
Dayal Steels Ltd                        CC                 CRISIL BB+     68.2    Assigned
Deep Industries                         CC                 CRISIL BB+     30      Reaffirmed
Doka India Pvt Ltd                      Proposed LT Bk     CRISIL BB+     75      Reaffirmed
                                        Loan Fac
Doka India Pvt Ltd                      WC Loan            CRISIL BB+     175     Reaffirmed
E-Durables                              CC                 CRISIL BB+     220     -
(ISSUER NOT COOPERATING)
E-Durables                              Proposed LT Bk     CRISIL BB+     130.3   -
                                        Loan Fac
(ISSUER NOT COOPERATING)
E-Durables                              TL                 CRISIL BB+     80.7    -
(ISSUER NOT COOPERATING)
Electromec Engineering Enterprises      Overdraft          CRISIL B       35      Assigned
Elgi Equipments Ltd                     CC                 CRISIL AA      330     Reaffirmed
Elgi Equipments Ltd                     Proposed WC Fac    CRISIL AA      370     Reaffirmed
Encon Impex Pvt Ltd                     Ratings            -              -       -
CRISIL is yet to receive adequate information
E-Vision                                CC                 CRISIL BB+     472     -
(ISSUER NOT COOPERATING)
E-Vision                                Proposed LT Bk     CRISIL BB+     13.1    -
                                        Loan Fac
(ISSUER NOT COOPERATING)
E-Vision                                TL                 CRISIL BB+     379.9   -
(ISSUER NOT COOPERATING)
Fire Safety Devices Pvt Ltd             CC                 CRISIL BBB     20      Migrated from
                                                                                  CRISIL BBB
                                                                                  and Withdrawn
Issuer Not Cooperating
Formokem India Corporation              CC                 CRISIL BBB-    30      Upgraded from
                                                                                  CRISIL BB+
Formokem India Corporation              Export Packing     CRISIL BBB-    90      Upgraded from
                                        Credit                                    CRISIL BB+
Friends of WWB, India                   Ratings            -              -       -
CRISIL is yet to receive adequate information
Garg Agrifoods Pvt Ltd                  CC                 CRISIL BB      250     Reaffirmed
Garg Agrifoods Pvt Ltd                  Proposed LT Bk     CRISIL BB      2       Reaffirmed
                                        Loan Fac
Garg Agrifoods Pvt Ltd                  TL                 CRISIL BB      42      Reaffirmed
Gee Ltd                                 CC                 CRISIL BBB     593.5   Assigned
Gee Ltd                                 Rupee TL           CRISIL BBB     6.5     Assigned
Global Payments Asia-Pacific India Pvt  Overdraft          CRISIL A-      1000    Reaffirmed
Ltd
Gloster Ltd                             CC                 CRISIL A+      770     Reaffirmed
Gloster Ltd                             LT Loan            CRISIL A+      16.6    Reaffirmed
Gloster Ltd                             Proposed LT Bk     CRISIL A+      343.4   Reaffirmed
                                        Loan Fac
Gloster Ltd                             WC Demand Loan     CRISIL A+      130     Reaffirmed
Grainspan Nutrients Pvt Ltd             TL                 CRISIL BBB-    332.5   Assigned
Grainspan Nutrients Pvt Ltd             Standby Line of    CRISIL BBB-    50      Assigned
                                        Credit
Grainspan Nutrients Pvt Ltd             Proposed LT Bk     CRISIL BBB-    62.5    Assigned
                                        Loan Fac
Green Express Carriers Pvt Ltd          CC                 CRISIL BB-     120     Assigned
Healthware Pvt Ltd                      WC Fac             CRISIL BB+     180     -
(ISSUER NOT COOPERATING)
Hyquip Systems Ltd                      CC                 CRISIL C       86.6    Reaffirmed
IndoSpace AS Industrial Park Pvt Ltd    Lease Rental       CRISIL A-(SO)  1840    Reaffirmed
                                        Discounting Loan
IndoSpace AS Industrial Park Pvt Ltd    TL                 CRISIL BBB+    1800    Reaffirmed
IndoSpace Industrial Parks Pvt Ltd      Lease Rental       CRISIL AA-(SO) 850     Reaffirmed
                                        Discounting Loan*
* IndoSpace SKCL Industrial Park Pvt Ltd, IndoSpace SKCL Industrial Park Oragadam Pvt Ltd, and
IndoSpace Industrial Parks Pvt Ltd jointly and severally hold the total lease rental discounting
(LRD) loan of Rs 85 crore.
IndoSpace SKCL Industrial Park Oragadam Lease Rental       CRISIL AA-(SO) 850     Reaffirmed
Pvt Ltd                                 Discounting Loan*
* IndoSpace SKCL Industrial Park Pvt Ltd, IndoSpace SKCL Industrial Park Oragadam Pvt Ltd, and
IndoSpace Industrial Parks Pvt Ltd jointly and severally hold the total lease rental discounting
(LRD) loan of Rs 85 crore.
IndoSpace SKCL Industrial Park Pvt Ltd  Lease Rental       CRISIL AA-     850     Reaffirmed
                                        Discounting Loan*
* IndoSpace SKCL Industrial Park Pvt Ltd, IndoSpace SKCL Industrial Park Oragadam Pvt Ltd, and
IndoSpace Industrial Parks Pvt Ltd jointly and severally hold the total lease rental discounting
(LRD) loan of Rs 85 crore.
Industrial Fans India Pvt Ltd           CC                 CRISIL D       62.5    Downgraded
                                                                                  from CRISIL
                                                                                  B+
International Cylinders Pvt Ltd         CC                 CRISIL BBB     65      Reaffirmed
International Cylinders Pvt Ltd         Proposed BG        CRISIL BBB     75      Reaffirmed
Inventia Healthcare Pvt Ltd             CC*                CRISIL BBB+    500     Reaffirmed
                                                                                  and Withdrawn
*Fully interchangeable with packing credit in foreign currency (PCFC), working capital demand
loan (WCDL), export packing credit (EPC), and foreign currency
non-resident(FCNR);interchangeable with bills discounting of up to Rs 5 crore and
interchangeable with letter of credit and bank guarantee of up to Rs 5 crore.
Inventia Healthcare Pvt Ltd             LT Loan            CRISIL BBB+    181.6   Reaffirmed
                                                                                  and Withdrawn
Jai Goswami Electric Work               Proposed LT Bk     CRISIL B       10      Assigned
                                        Loan Fac
Jai Sai Construction                    CC                 CRISIL BB-     50      Reaffirmed
Jai Sai Construction                    Proposed BG        CRISIL BB-     450     Reaffirmed
Jai Sai Construction                    Proposed CC Limit  CRISIL BB-     200     Reaffirmed
Jay Autocomponents Ltd                  Bill Discounting   CRISIL BB+     81      Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Jay Autocomponents Ltd                  CC                 CRISIL BB+     180     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Jay Autocomponents Ltd                  Proposed LT Bk     CRISIL BB+     150     Revised from
                                        Loan Fac                                  CRISIL BBB-
Issuer Not Cooperating
Jay Autocomponents Ltd                  TL                 CRISIL BB+     314     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Jayapriya Chit Funds Pvt Ltd            Overdraft          CRISIL B+      120     Reaffirmed
Jayapriya Chit Funds Pvt Ltd            Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Jupiter Laminators Pvt Ltd              CC                 CRISIL BBB-    610     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Jupiter Laminators Pvt Ltd              LT Loan            CRISIL BBB-    475     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
K.M. Rafi & Co                          Overdraft          -              60      Withdrawn
Katheri Industrial Pvt Ltd              CC                 CRISIL BB      50      Withdrawn
Issuer Not Cooperating
KBR Homes India Pvt Ltd                 TL                 CRISIL B+      238     Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
KCC Lateri Expressway Pvt Ltd           TL                 CRISIL BB+     1100    -
(ISSUER NOT COOPERATING)
Keerthi Enterprises                     Proposed LT Bk     CRISIL BBB     150     Withdrawn
                                        Loan Fac
Ketul Chem Pvt Ltd                      CC                 CRISIL BB+     130     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Khayati Steel Industries Pvt Ltd        Ratings            -              -       -
CRISIL is yet to receive adequate information
KLJ Organic Ltd                         CC                 CRISIL A+      350     Reaffirmed
KLJ Organic Ltd                         TL                 CRISIL A+      360     Reaffirmed
KLJ Plasticizers Ltd                    CC                 CRISIL A+      800     Reaffirmed
KLJ Plasticizers Ltd                    TL                 CRISIL A+      70      Reaffirmed
KLJ Polymers and Chemicals Ltd          CC                 CRISIL A+      800     Reaffirmed
KLJ Polymers and Chemicals Ltd          Proposed LT Bk     CRISIL A+      494.4   Reaffirmed
                                        Loan Fac
KLJ Polymers and Chemicals Ltd          TL                 CRISIL A+      79.3    Reaffirmed
KLJ Resources Ltd                       CC                 CRISIL A+      1000    Reaffirmed
KLJ Resources Ltd                       Proposed LT Bk     CRISIL A+      50      Reaffirmed
                                        Loan Fac
KMCT Group of Institutions              LT Loan            CRISIL BB+     134.9   -
(ISSUER NOT COOPERATING)
KMCT Group of Institutions              Proposed WC Fac    CRISIL BB+     19      -
(ISSUER NOT COOPERATING)
Koya and Company Construction Ltd       CC                 CRISIL BB+     170     Reaffirmed
Koya and Company Construction Ltd       Overdraft          CRISIL BB+     71.5    Reaffirmed
Koya and Company Construction Ltd       Proposed LT Bk     CRISIL BB+     8.5     Reaffirmed
                                        Loan Fac
L&T Technology Services Ltd             FB Fac*            CRISIL AA+     1200    Reaffirmed
*Fund Based ' Cash Credit / Packing Credit (does not include term loan)
L&T Technology Services Ltd             Proposed WC Fac    CRISIL AA+     800     Assigned
Lancor Holdings Ltd                     CC                 CRISIL BB      1300    -
(ISSUER NOT COOPERATING)
Lancor Holdings Ltd                     Lease Rental       CRISIL BB      67.6    -
                                        Discounting Loan
(ISSUER NOT COOPERATING)
Lancor Holdings Ltd                     LT Loan            CRISIL BB      554.6   -
(ISSUER NOT COOPERATING)
Lancor Holdings Ltd                     Secured Overdraft  CRISIL BB      1077.8  -
                                        Fac
(ISSUER NOT COOPERATING)
Laqshya Hyderabad Airport Media Pvt Ltd Proposed CC Limit  CRISIL BBB     50      Reaffirmed
Larsen and Toubro Infotech Ltd          BG^                CRISIL AA+     500     Reaffirmed
^Fully interchangeable with cash credit/overdraft facility and buyer's credit limits
Larsen and Toubro Infotech Ltd          Packing Credit^^   CRISIL AA+     320     Reaffirmed
^^Interchangeable with cash credit/overdraft facility limits
Larsen and Toubro Infotech Ltd          Packing Credit@    CRISIL AA+     100     Reaffirmed
@Overdraft Facility
Laser Shaving India Pvt Ltd             CC                 CRISIL A-      70      Reaffirmed
Lumens India                            Credit Limit Under CRISIL B+      15      Assigned
                                        Gold Card
Lumens India                            Foreign Bill       CRISIL B+      10      Assigned
                                        Discounting
M/s. Damodar Jagannath Malpani          CC                 CRISIL BBB+    730     Upgraded from
                                                                                  CRISIL BBB
M/s. Damodar Jagannath Malpani          Overdraft          CRISIL BBB+    200     Upgraded from
                                                                                  CRISIL BBB
M/s. Damodar Jagannath Malpani          Proposed LT Bk     CRISIL BBB+    3070    Upgraded from
                                        Loan Fac                                  CRISIL BBB
Maa Mundeshwari Motors Pvt Ltd          CC                 CRISIL B+      90      Reaffirmed
Maa Mundeshwari Motors Pvt Ltd          Proposed WC Fac    CRISIL B+      60      Reaffirmed
Mahadev Motors Pvt Ltd                  CC                 CRISIL B+      30      Reaffirmed
Mahadev Motors Pvt Ltd                  Channel Financing  CRISIL B+      50      Reaffirmed
Mahadev Motors Pvt Ltd                  Inventory Funding  CRISIL B+      110     Reaffirmed
                                        Fac
Manav Motors                            Proposed CC Limit  CRISIL BB      2       Assigned
Manav Motors                            CC                 CRISIL BB      38      Assigned
Manglam Build Developers Ltd            LT Loan            CRISIL B       1735.1  -
(ISSUER NOT COOPERATING)
Manglam Build Developers Ltd            Proposed LT Bk     CRISIL B       572.4   -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Manglam Build Developers Ltd            TL                 CRISIL B       192.5   -
(ISSUER NOT COOPERATING)
Maruti Ferrous Pvt Ltd                  CC                 CRISIL BBB     320     -
(ISSUER NOT COOPERATING)
Maruti Ferrous Pvt Ltd                  Proposed LT Bk     CRISIL BBB     15      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Master Minds                            LT Loan            CRISIL BBB-    60      -
(ISSUER NOT COOPERATING)
Master Minds                            Overdraft          CRISIL BBB-    50      -
(ISSUER NOT COOPERATING)
Mathew Associates Hook - Up & Weld      CC                 CRISIL B+      45      Upgraded from
Services                                                                          CRISIL B
Mawana Sugars Ltd                       LT Loan            -              600     Withdrawn
Meenakshi Ammal Trust                   CC                 CRISIL BB+     350     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Meenakshi Ammal Trust                   TL                 CRISIL BB+     200     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Mobile Telecommunications Ltd           Overdraft          CRISIL D       140     -
(ISSUER NOT COOPERATING)
MPIL Steel Structures Ltd               CC                 CRISIL BBB-    110     Reaffirmed
MPIL Steel Structures Ltd               Channel Financing  CRISIL BBB-    100     Reaffirmed
MPIL Steel Structures Ltd               TL                 CRISIL BBB-    67      Reaffirmed
MRN Infrastructure Pvt Ltd              CC                 CRISIL D       2       Downgraded
                                                                                  from CRISIL
                                                                                  BB-
MRN Infrastructure Pvt Ltd              Proposed LT Bk     CRISIL D       48      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Muthoot Capital Services Ltd - Northern Series A2 PTCs     Provisional    18.5    Assigned
Arc 2019 CV PTU                                            CRISIL A 
Muthoot Capital Services Ltd - Northern Series A1 PTCs     Provisional    322.6   Assigned
Arc 2019 CV PTU                                            CRISIL AA- 
Nagreeka Hydrocarbons Pvt Ltd           Overdraft          CRISIL BB-     100     -
(ISSUER NOT COOPERATING)
Nagreeka Hydrocarbons Pvt Ltd           Proposed LT Bk     CRISIL BB-     40      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Northern Arc 2019 CV PTU
(Originator:   Series A2 PTCs     Provisional    -       Assigned
Muthoot Capital Services Ltd)                              CRISIL A (SO)
Northern Arc 2019 CV PTU
(Originator:   Series A1 PTCs     Provisional    -       Assigned
Muthoot Capital Services Ltd)                              CRISIL AA- (SO)
Nutech Polymers Pvt Ltd                 CC                 CRISIL BB      50      Assigned
Nutech Polymers Pvt Ltd                 WC TL              CRISIL BB      10      Assigned
Odisha Generation Phase II Transmission Rupee TL*          CRISIL A-      9540    Upgraded from
Ltd                                                                               CRISIL BBB
*Sublimit of letter of credit equivalent to 80% of the rupee term loan amount
Overseas Timber Corporation             CC                 CRISIL B       20      Assigned
P Manoharlal Jewellers and Exporters    CC                 CRISIL BB+     100     Assigned
Padmini Bakers Pvt Ltd                  CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Padmini Bakers Pvt Ltd                  LT Loan            CRISIL D       43      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Parekh Aluminex Ltd                     CC^                CRISIL D       3450    Reaffirmed
^Account is classified as NPA with the banks
Parekh Aluminex Ltd                     LOC^               CRISIL D       550     Reaffirmed
^Account is classified as NPA with the banks

Parekh Aluminex Ltd                     LOC & BG^          CRISIL D       900     Reaffirmed
^Account is classified as NPA with the banks

Parekh Aluminex Ltd                     Proposed LT Bk     CRISIL D       8550    Reaffirmed
                                        Loan Fac^
^Account is classified as NPA with the banks

Parthas Textiles - Cochin               Proposed LT Bk     CRISIL BB-     71.6    Assigned
                                        Loan Fac
Parthas Textiles - Cochin               LT Loan            CRISIL BB-     90      Assigned
Parthas Textiles - Cochin               CC                 CRISIL BB-     60      Assigned
Parthas Textiles - Cochin               Foreign Bill       CRISIL BB-     60      Assigned
                                        Discounting
Parthas Textiles - Cochin               Secured Overdraft  CRISIL BB-     90      Assigned
                                        Fac
Parthas Textiles - Cochin               WC TL              CRISIL BB-     28.4    Assigned
Pascos                                  CC                 CRISIL BBB     750     Reaffirmed
Patidar Agricare                        CC                 CRISIL B       5       Assigned
Patidar Agricare                        TL                 CRISIL B       22.5    Assigned
Pawar Patkar Constructions Pvt Ltd      CC                 CRISIL BB+     140     -
(ISSUER NOT COOPERATING)
Periyar Polymers Pvt Ltd                CC                 CRISIL BB-     40      Reaffirmed
Periyar Polymers Pvt Ltd                TL                 CRISIL BB-     4       Reaffirmed
PMJ Gems and Jewellers Pvt Ltd          CC                 CRISIL BBB     250     Assigned
Power Grid Corporation of India Ltd     CC                 CRISIL AAA     3000    Reaffirmed
Power Grid Corporation of India Ltd     LT Borrowing       CRISIL AAA     100000  Assigned
                                        Programme*
* The borrowing programme pertains to fiscal 2020.
Power Grid Corporation of India Ltd     LT Borrowing       CRISIL AAA     300000  Reaffirmed
                                        Programme@
@ The borrowing programme pertains to fiscal 2019. Of the total Rs 30,000 crore, Rs 20,000 crore
was to be raised as bonds. The remaining Rs 10,000 crore was to be raised as long-term loans.
Power Grid Corporation of India Ltd     LT Borrowing       CRISIL AAA     260000  Reaffirmed
                                        Programme#
#The borrowing programme pertains to fiscal 2017. Of the total Rs 26,000 crore, Rs 14,000 crore
was to be raised as bonds against which Rs 13481 crore has already been raised under Series
LIII, LIV, LV, LVI, LVII and LVIII. The remaining Rs 12,000 crore was to be raised as long-term
loans.
Power Grid Corporation of India Ltd     LT Borrowing       CRISIL AAA     260000  Reaffirmed
                                        Programme^
^The borrowing programme pertains to fiscal 2018. Of the total Rs 26,000 crore, Rs 14,000 crore
was to be raised as bonds against which Rs 9130 crore has already been raised under Series LIX,
LX and LXI. The remaining Rs 12,000 crore was to be raised as long-term loans.
Power Grid Corporation of India Ltd     Bond Programme     CRISIL AAA     17812.5 Reaffirmed
Power Grid Corporation of India Ltd     Bond Programme     CRISIL AAA     553411.1Reaffirmed
Precise Engineering Company             Rupee TL           CRISIL B+      11.2    Assigned
Precise Engineering Company             CC                 CRISIL B+      20      Assigned
Precise Engineering Company             Proposed LT Bk     CRISIL B+      68.8    Assigned
                                        Loan Fac
Precision Rubber Industries Pvt Ltd     CC                 CRISIL BB+     130     -
(ISSUER NOT COOPERATING)
Prithvi Sound Products Company Pvt      Proposed LT Bk     CRISIL BBB+    450     Reaffirmed
Limite                                  Loan Fac
Punjab Riceland Pvt Ltd                 CC                 CRISIL BB      50      Reaffirmed
Punjab Riceland Pvt Ltd                 WC Fac             CRISIL BB      700     Reaffirmed
R.G. Buildwell Engineers Ltd            CC                 CRISIL BBB     380     Reaffirmed
Radhamani Exports Pvt Ltd               Overdraft          CRISIL BBB-    60      -
(ISSUER NOT COOPERATING)
Radhamani Textiles Pvt Ltd              CC                 CRISIL BBB-    120     Migrated
Issuer Not Cooperating
Radhamani Textiles Pvt Ltd              Packing Credit     CRISIL BBB-    500     Migrated
Issuer Not Cooperating
Radhe Hurkat Ispat Pvt Ltd              CC                 CRISIL B+      55      Reaffirmed
Radium Creation Ltd                     Export Packing     CRISIL BBB-    230     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB
Radium Creation Ltd                     LT Loan            CRISIL BBB-    150     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Rajarambapu Patil Sah Dudh Sangh Ltd    CC^                CRISIL BB+     250     -
^Interchangeable with working capital demand loan (WCDL) and short term loan/ (ISSUER NOT
COOPERATING)
Rajarambapu Patil Sah Dudh Sangh Ltd    TL                 CRISIL BB+     50      -
(ISSUER NOT COOPERATING)
Rajmahal Silks and Textiles Pvt Ltd     CC                 CRISIL BB+     200     -
(ISSUER NOT COOPERATING)
Rama Overseas Ltd                       Foreign Bill       CRISIL BB+     125     Migrated from
                                        Purchase                                  CRISIL BBB-
Issuer Not Cooperating
Rama Overseas Ltd                       Proposed WC Fac    CRISIL BB+     65      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Rao Computer Consultants Pvt Ltd        Ratings            -              -       -
CRISIL is yet to receive adequate information
Rasiklal Sankalchand Jewellers Pvt Ltd  CC                 CRISIL BB+     400     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  TL                 CRISIL BB+     50      Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Reflection Investments                  Ratings            -              -       -
CRISIL is yet to receive adequate information
Remy Diamonds Pvt Ltd                   Loan Against       CRISIL BB      53.5    Reaffirmed
                                        Property
Remy Diamonds Pvt Ltd                   Post Shipment      CRISIL BB      80      Reaffirmed
                                        Credit
Remy Diamonds Pvt Ltd                   Proposed LT Bk     CRISIL BB      16.5    Reaffirmed
                                        Loan Fac
Royal Latex Pvt Ltd                     CC                 CRISIL BB-     100     Assigned
RP Sealing Systems India Pvt Ltd        CC                 CRISIL BB+     40      Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
RP Sealing Systems India Pvt Ltd        LT Loan            CRISIL BB+     100     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Ruby Cables Ltd                         BG                 CRISIL D       30      -
(ISSUER NOT COOPERATING)
Ruby Cables Ltd                         CC                 CRISIL D       100     -
(ISSUER NOT COOPERATING)
Ruby Cables Ltd                         Proposed LT Bk     CRISIL D       43.5    -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Ruby Cables Ltd                         TL                 CRISIL D       76.5    -
(ISSUER NOT COOPERATING)
Sai Construction Pvt Ltd                Lease Rental       CRISIL BB+     1000    Revised from
                                        Discounting Loan                          CRISIL BBB-
(ISSUER NOT COOPERATING)
Sandhu Automobiles Pvt Ltd              CC                 CRISIL BB+     120     Reaffirmed
Sandhu Automobiles Pvt Ltd              Standby Line of    CRISIL BB+     10      Reaffirmed
                                        Credit
Sanghvi Cylinders Pvt Ltd               Ratings            -              -       -
CRISIL is yet to receive adequate information
Santosh Enterprises                     Bill Discounting   CRISIL D       20      Downgraded
                                                                                  from CRISIL B
(ISSUER NOT COOPERATING)
Santosh Enterprises                     CC                 CRISIL D       22.5    Downgraded
                                                                                  from CRISIL B
(ISSUER NOT COOPERATING)
Santosh Enterprises                     CC/ Overdraft Fac  CRISIL D       15      Downgraded
                                                                                  from CRISIL B
(ISSUER NOT COOPERATING)
Santosh Enterprises                     Proposed WC Fac    CRISIL D       12.5    Downgraded
                                                                                  from CRISIL B
(ISSUER NOT COOPERATING)
Satya Sai Agro Industries               CC                 CRISIL B+      30      Reaffirmed
Satya Sai Agro Industries               LT Loan            CRISIL B+      10      Reaffirmed
Satyendra Agro Products                 CC                 CRISIL B-      70      Downgraded
                                                                                  from CRISIL B
Sharayu Agro Industries Ltd             Proposed CC Limit  CRISIL B-      200     Upgraded from
                                                                                  CRISIL D
Sharayu Agro Industries Ltd             TL                 CRISIL B-      2000    Upgraded from
                                                                                  CRISIL D
Shivam Steels and Tubes Pvt Ltd         Bill Discounting   CRISIL BB-     50      Reaffirmed
Shivam Steels and Tubes Pvt Ltd         CC                 CRISIL BB-     30      Reaffirmed
Shourya Consumer Services               TL                 CRISIL B+      50      Assigned
Shourya Consumer Services               CC                 CRISIL B+      16.5    Assigned
Shree Santoshi Traders                  Overdraft          CRISIL BB      40      Assigned
Shree Sanwaria Seth Kripa               Overdraft          CRISIL BB      33      Assigned
Sidharth Exporters                      CC                 CRISIL BBB-    220     Reaffirmed
Sinewave Generators Pvt Ltd             CC                 CRISIL BB+     40      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Sinewave Generators Pvt Ltd             Proposed LT Bk     CRISIL BB+     18      Migrated from
                                        Loan Fac                                  CRISIL BBB-
Issuer Not Cooperating
Singhania Buildcon Pvt Ltd              LT Loan            CRISIL BBB-    500     Reaffirmed
Skyway RMC Plants Pvt Ltd               CC                 CRISIL BBB     1010    Reaffirmed
Skyway RMC Plants Pvt Ltd               Drop Line          CRISIL BBB     75      Reaffirmed
                                        Overdraft Fac
Small Business Fincredit India Pvt Ltd  Series A PTCs      Provisional    589.5   Assigned
- Aura Trust March 2019                                    CRISIL AA+ 
Small Business Fincredit India Pvt Ltd  Series A PTCs      Provisional    990.1   Assigned
- Prime Trust March 2019                                   CRISIL AAA 
Sona Textiles Pvt Ltd                   CC                 CRISIL BBB-    240     Assigned
Sparsh Transport Carriers Pvt Ltd       CC                 CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Sriram Fasteners                        CC                 CRISIL B       25      Reaffirmed
Sriram Fasteners                        LT Loan            CRISIL B       21.4    Reaffirmed
Sriram Fasteners                        Proposed LT Bk     CRISIL B       8.6     Reaffirmed
                                        Loan Fac
Stanfab Apparels Pvt Ltd                LT Loan            CRISIL BB+     70      -
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                Proposed LT Bk     CRISIL BB+     37.3    -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                Standby Line of    CRISIL BB+     55      -
                                        Credit
(ISSUER NOT COOPERATING)
Stanfab Apparels Pvt Ltd                TL                 CRISIL BB+     65      -
(ISSUER NOT COOPERATING)
Stonemen Crafts India Pvt Ltd           Overdraft          CRISIL BB+     50      Revised from
                                                                                  CRISIL BBB
(ISSUER NOT COOPERATING)
Stonemen Crafts India Pvt Ltd           Packing Credit     CRISIL BB+     110     Revised from
                                                                                  CRISIL BBB
(ISSUER NOT COOPERATING)
Stonemen Crafts India Pvt Ltd           Rupee TL           CRISIL BB+     40      Revised from
                                                                                  CRISIL BBB
(ISSUER NOT COOPERATING)
Sua Explosives and Accessories Pvt Ltd  CC                 CRISIL BB+     15      -
(ISSUER NOT COOPERATING)
Sua Explosives and Accessories Pvt Ltd  Proposed LT Bk     CRISIL BB+     20      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Superb Minerals India Pvt Ltd           CC                 CRISIL B+      15      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Superb Minerals India Pvt Ltd           Packing Credit     CRISIL B+      15      Downgraded
                                        (pre-shipment                             from CRISIL
                                        credit)                                   BB-
Supreme Construction And Developers Pvt Overdraft          CRISIL BB      100     Reaffirmed
Ltd
Supreme Construction And Developers Pvt TL                 CRISIL BB      150     Reaffirmed
Ltd
Surbhi Satcom Pvt Ltd                   CC                 CRISIL BB+     150     Reaffirmed
Surbhi Satcom Pvt Ltd                   LT Loan            CRISIL BB+     70      Reaffirmed
Surya Contractors Pvt Ltd               CC                 CRISIL BB+     80      Revised from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Surya Contractors Pvt Ltd               Proposed LT Bk     CRISIL BB+     250     Revised from
                                        Loan Fac                                  CRISIL BBB
Issuer Not Cooperating
Suyog Logistics Park Pvt Ltd            Lease Rental       CRISIL A(SO)   280     Reaffirmed
                                        Discounting Loan
Swagat Abharan Pvt Ltd                  Ratings            -              -       -
CRISIL is yet to receive adequate information
T R Sawhney Automobiles Pvt Ltd         Inventory Funding  CRISIL BB+     600     Revised from
                                        Fac                                       CRISIL BBB-
(ISSUER NOT COOPERATING)
T R Sawhney Motors Pvt Ltd              CC                 CRISIL BB+     500     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
T R Sawhney Motors Pvt Ltd              Inventory Funding  CRISIL BB+     700     Revised from
                                        Fac                                       CRISIL BBB-
Issuer Not Cooperating
Tata Motors Finance Ltd                 Perpetual Bonds    CRISIL A+      4150    Reaffirmed
Tata Motors Finance Ltd                 NCDs               CRISIL AA      56050   Reaffirmed
Tata Motors Finance Ltd                 Subordinated Debt  CRISIL AA      14000   Reaffirmed
                                        Programme
Tata Motors Finance Solutions Ltd       NCD                CRISIL AA      10000   Reaffirmed
Tata Motors Finance Solutions Ltd       Subordinated Debt  CRISIL AA      2000    Reaffirmed
Textile Solutions                       CC                 CRISIL BB-     200     Reaffirmed
The Rajlakshmi Cotton Mills Pvt Ltd     CC                 CRISIL BBB-    30      -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     Foreign Currency TLCRISIL BBB-    18.3    -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     LT Loan            CRISIL BBB-    200     -
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     Proposed FB Bk     CRISIL BBB-    15.2    -
                                        Limits
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     Proposed LT Bk     CRISIL BBB-    50      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
The Rajlakshmi Cotton Mills Pvt Ltd     TL                 CRISIL BBB-    20      -
(ISSUER NOT COOPERATING)
The Sunbeam Academy Educational Society LT Loan            CRISIL BB+     120     Revised from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Theme Export Pvt Ltd                    Foreign Bill       CRISIL D       110     Downgraded
                                        Discounting                               from CRISIL
                                                                                  BB-
Theme Export Pvt Ltd                    Proposed LT Bk     CRISIL D       24      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Toughglass India Pvt Ltd                CC                 CRISIL BB      70      Reaffirmed
Toughglass India Pvt Ltd                CC                 CRISIL BB      250     Reaffirmed
Toughglass India Pvt Ltd                Proposed LT Bk     CRISIL BB      2       Reaffirmed
                                        Loan Fac
Toughglass India Pvt Ltd                TL                 CRISIL BB      42      Reaffirmed
Trans Engineers India Pvt Limite        Proposed LT Bk     CRISIL BB+     300     Revised from
                                        Loan Fac                                  CRISIL BBB
(ISSUER NOT COOPERATING)
Trend Setters                           Bill Discounting   CRISIL D       40      Reaffirmed
Trend Setters                           Packing Credit     CRISIL D       35      Reaffirmed
Trend Setters                           Proposed LT Bk     CRISIL D       75      Reaffirmed
                                        Loan Fac
U.K.B. Electronics Pvt Ltd              CC & WC demand loanCRISIL BBB     420     Reaffirmed
U.K.B. Electronics Pvt Ltd              Channel Financing  CRISIL BBB     50      Reaffirmed
U.K.B. Electronics Pvt Ltd              LT Loan            CRISIL BBB     385     Reaffirmed
Uddyam Cement Pvt Ltd                   CC                 CRISIL B-      20
Uddyam Cement Pvt Ltd                   Proposed LT Bk     CRISIL B-      44      Assigned
                                        Loan Fac
Uddyam Cement Pvt Ltd                   LT Loan            CRISIL B-      76      Assigned
Vedant Fashions Pvt Ltd                 Proposed FB Bk     -              400     Withdrawn
                                        Limits
Vedant Fashions Pvt Ltd                 CC                 CRISIL AA-     800     Reaffirmed
Vedant Fashions Pvt Ltd                 WC Demand Loan     CRISIL AA-     100     Reaffirmed
Vedant Fashions Pvt Ltd                 Line of Credit     CRISIL AA-     300     Reaffirmed
Versa Drives Pvt Ltd                    Ratings            -              -       -
CRISIL is yet to receive adequate information
Vgn Property Developers Pvt Ltd         Ratings            -              -       -
CRISIL is yet to receive adequate information
Vijaya Diagnostic Centre Pvt Ltd        CC                 CRISIL BB+     20      Revised from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Vijaya Diagnostic Centre Pvt Ltd        LT Loan            CRISIL BB+     260     Revised from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Vijaya Diagnostic Centre Pvt Ltd        Proposed LT Bk     CRISIL BB+     110     Revised from
                                        Loan Fac                                  CRISIL BBB
Issuer Not Cooperating

--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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