August 1, 2019 / 9:56 AM / 17 days ago

CRISIL ratings for Indian debt instruments-Aug 1

    Aug 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 31, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A B Sugars Ltd                          LOC                CRISIL A3+     300     Reaffirmed
Ace Kudale Car Pvt Ltd                  BG                 CRISIL A4      10      Reaffirmed
Acer Granito Pvt Ltd                    BG                 CRISIL A2      76.5    Reaffirmed
Alfa Laval India Pvt Ltd                BG                 CRISIL A1+     2695.5  Reaffirmed
Alfa Laval India Pvt Ltd                CP                 CRISIL A1+     100     Reaffirmed
Amora Tiles Pvt Ltd                     BG                 CRISIL A2+     37.5    -
Downgraded from CRISIL A1
Ashnoor Textile Mills Ltd               Export Bill        CRISIL A3      192     Reaffirmed
                                        Purchase
Ashnoor Textile Mills Ltd               Packing Credit     CRISIL A3      178     Reaffirmed
Batliboi Ltd                            LOC & BG           CRISIL A4      439     Reaffirmed
Bhagwati Ferro Metal Pvt Ltd            BG                 CRISIL A3+     80      Reaffirmed
Bhagwati Ferro Metal Pvt Ltd            LOC                CRISIL A3+     240     Reaffirmed
Birla Visabeira Pvt Ltd                 Derivatives Fac    CRISIL A3+     25      Assigned
Birla Visabeira Pvt Ltd                 BG                 CRISIL A3+     50      Assigned
Continental Engines Pvt Ltd             Export Packing     CRISIL A2      230     Reaffirmed
                                        Credit
Continental Engines Pvt Ltd             Post Shipment      CRISIL A2      250     Reaffirmed
                                        Credit
Continental Engines Pvt Ltd             Sales Bill         CRISIL A2      324     -
                                        Discounting
Continental Engines Pvt Ltd             Standby Export     CRISIL A2      46      Reaffirmed
                                        Packing Credit
Daund Sugar Pvt Ltd                     BG                 CRISIL A2      100     Assigned
Edelweiss Finvest Pvt Ltd               CP Programme(IPO   CRISIL A1+     30000   Assigned
                                        Financing)
Edelweiss Finvest Pvt Ltd               ST Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   A1+r
                                        Linked Debentures
Edelweiss Rural and Corporate Services  CP Programme (IPO  CRISIL A1+     60000   Reaffirmed
Ltd                                     Financing)
 (Reduced from Rs.8000 Crore)
Edelweiss Rural and Corporate Services  CP Programme*      CRISIL A1+     95000   Reaffirmed
Ltd
*Transferred from Edelweiss Agri Value Chail Limited on its amalgamation with 
Edelweiss Rural and Corporate Services Limited.
EL Shadaai                              Foreign            CRISIL A4+     50      Assigned
                                        Discounting Bill
                                        Purchase
Emmbi Industries Ltd                    LOC                CRISIL A2      230     Assigned
Emmbi Industries Ltd                    BG                 CRISIL A2      80      Assigned
Galaxy Surfactants Ltd                  Factoring/         CRISIL A1      850     Reaffirmed
                                        Forfaiting
Galaxy Surfactants Ltd                  LOC & BG           CRISIL A1      2704    Reaffirmed
Herald Publications Pvt Ltd             BG                 CRISIL A4+     0.5     Reaffirmed
Herald Publications Pvt Ltd             LOC                CRISIL A4+     5       Reaffirmed
Imperial Auto Industries Ltd            LOC & BG           CRISIL A1      85      Reaffirmed
J.P.G. Engineers Pvt Ltd                BG                 CRISIL A4+     120     Assigned
Kalyaneswari Properties Pvt Ltd         LOC                CRISIL A4+     25      Assigned
Landmark Royal Engineering India Pvt LtdBG                 CRISIL A4+     192.3   Assigned
M and B Engineering Ltd                 BG                 CRISIL A3+     792.3   Reaffirmed
M and B Engineering Ltd                 LOC & BG           CRISIL A3+     358.4   Reaffirmed
M and B Engineering Ltd                 Inland/Import LOC  CRISIL A3+     1094.3  Reaffirmed
M B Enterprise                          LOC                CRISIL A4+     200     -
Downgraded from CRISIL A3
M B Enterprise                          Proposed LOC       CRISIL A4+     550     -
Downgraded from CRISIL A3
MB Power (Madhya Pradesh) Ltd           BG#                CRISIL A3      5710    -
Downgraded from CRISIL A3+. 
# Interchangeable with letter of credit facility to the extent of Rs. 100 crore
MB Power (Madhya Pradesh) Ltd           Foreign Exchange   CRISIL A3      2700    -
                                        Forward
Downgraded from CRISIL A3+
MB Power (Madhya Pradesh) Ltd           Non-FBL            CRISIL A3      490     -
Downgraded from CRISIL A3+
Mittal Ocean Trade Pvt Ltd              LOC                CRISIL A4      95      Reaffirmed
Multicolor Steels India Pvt Ltd         LOC                CRISIL A4+     150     Assigned
Nippon Audiotronix Pvt Ltd              LOC*               CRISIL A1      600     Reaffirmed
* Bank Guarantee of Rs 7 Crore and SBLC for Buyer's Credit of Rs 60 Crore 
are a sublimit of Letter of Credit.
Orion Security Solutions Pvt Ltd        BG                 CRISIL A4+     470     Reaffirmed
Migrated from CRISIL A4+ (Issuer Not Cooperating)
Para Products Pvt Ltd                   Proposed NFBL      CRISIL A4+     8       -
Prime Ispat Ltd                         BG                 CRISIL A3      30      Reaffirmed
R.S.Brothers Jewellers Pvt Ltd          Metal Loan         CRISIL A2+     50      Reaffirmed
Rays Import Inc                         LOC                CRISIL A4+     407.5   Assigned
Real Innerspring Technologies Pvt Ltd   LOC & BG           CRISIL A4+     12.5    Reaffirmed
Migrated from CRISIL A4+ (Issuer Not Cooperating)
Roy Agrovets Pvt Ltd                    BG                 CRISIL A3      2       Assigned
Salasar Exteriors and Contour Ltd       LOC & BG           CRISIL A4+     10      Assigned
Samrudh Pharmacare Pvt Ltd              LOC                CRISIL A4      5       Reaffirmed
Sentosa Granito Pvt Ltd                 BG                 CRISIL A4+     50      Assigned;
                                                                                  Suspension
                                                                                  Revoked 
Servo Packaging Ltd                     BG                 CRISIL A3      40      -
Upgraded from CRISIL A4+

Servo Packaging Ltd                     LOC                CRISIL A3      125     -
Upgraded from CRISIL A4+
Servo Packaging Ltd                     Non-FBL            CRISIL A3      0.3     -
Upgraded from CRISIL A4+
Shree Kumarasamy Poly Chem              Packing Credit     CRISIL A4+     16      -
Upgraded from CRISIL A4
Society of Green Makers Pvt Ltd         BG                 CRISIL A4+     80      Assigned
Tega Industries Ltd                     LOC & BG#          CRISIL A2+     350     -
Upgraded from CRISIL A2. 
#Fully interchangeable with letter of credit, bank guarantee, and buyer's credit.
Tega Industries Ltd                     Proposed LOC       CRISIL A2+     200     -
Upgraded from CRISIL A2
Tega Industries Ltd                     Proposed ST Bk     CRISIL A2+     150     -
                                        Loan Fac
Upgraded from CRISIL A2
The KCP Ltd                             LOC & BG           CRISIL A2+     1350
The KCP Ltd                             Proposed LOC & BG  CRISIL A2+     150     Reaffirmed
The KCP Ltd                             ST Loan            CRISIL A2+     200     Assigned
Thermotech Engineering (India) LLP      BG                 CRISIL A4      30      Assigned
Vaaghani Inc                            LOC                CRISIL A4+     447.4   Reaffirmed
Vikram Pvt Ltd                          BG                 CRISIL A4      10      Assigned;
                                                                                  Suspension
                                                                                  Revoked 
VVV Construction Pvt Ltd                BG                 CRISIL A4      65      Reaffirmed
Migrated from CRISIL A4 (Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------
Senco Gold Ltd                          FD                 FA             990     Reaffirmed
The KCP Ltd                             FD                 FA             1250    Reaffirmed

LONG TERM RATINGS:
-------------------
A B Sugars Ltd                          CC                 CRISIL BBB     1100    Reaffirmed
A B Sugars Ltd                          TL                 CRISIL BBB     100     Reaffirmed
Ace Kudale Car Pvt Ltd                  CC                 CRISIL B+      35      Reaffirmed
Ace Kudale Car Pvt Ltd                  Inventory Funding  CRISIL B+      287.5   Reaffirmed
                                        Fac
Ace Kudale Car Pvt Ltd                  Loan Against       CRISIL B+      19.4    Reaffirmed
                                        Property
Ace Kudale Car Pvt Ltd                  Proposed LT Bk     CRISIL B+      242.8   Reaffirmed
                                        Loan Fac
Ace Kudale Car Pvt Ltd                  TL                 CRISIL B+      35.3    Reaffirmed
Acer Granito Pvt Ltd                    CC                 CRISIL BBB+    180     Reaffirmed
Acer Granito Pvt Ltd                    Proposed FB Bk     CRISIL BBB+    230.5   Reaffirmed
                                        Limits
Acer Granito Pvt Ltd                    TL                 CRISIL BBB+    123     Reaffirmed
Alfa Laval India Pvt Ltd                CC                 CRISIL AA+     227.1   Reaffirmed
Alfa Laval India Pvt Ltd                Proposed WC Fac    CRISIL AA+     50      Reaffirmed
Amora Tiles Pvt Ltd                     CC                 CRISIL A-      90      -
Downgraded from CRISIL A
Amora Tiles Pvt Ltd                     Proposed FB Bk     CRISIL A-      50      -
                                        Limits
Downgraded from CRISIL A
Amora Tiles Pvt Ltd                     TL                 CRISIL A-      116.5   -
Downgraded from CRISIL A
Andru Minerals                          CC                 CRISIL BBB     150     Assigned
Annapurna Poultries                     CC                 CRISIL B+      68.1    Assigned
Annapurna Poultries                     LT Loan            CRISIL B+      41.9    Assigned
Ashnoor Textile Mills Ltd               Credit Limit Under CRISIL BBB-    74      Reaffirmed
                                        Gold Card
Ashnoor Textile Mills Ltd               LT Loan            CRISIL BBB-    45.4    Reaffirmed
Ashnoor Textile Mills Ltd               Non-FBL            CRISIL BBB-    25      Reaffirmed
Ashnoor Textile Mills Ltd               Proposed LT Bk     CRISIL BBB-    185.6   Assigned
                                        Loan Fac
Ashoka Highways (Bhandara) Ltd          Rupee TL           CRISIL BBB+(SO)1540    -
Ashoka Highways (Bhandara) Ltd          NCD                CRISIL         1700    Downgraded
                                                           BBB+(SO)               from CRISIL
                                                                                  A-(SO)
Bangalore International Airport Ltd     CC                 CRISIL AA      500     Reaffirmed
Bangalore International Airport Ltd     Proposed LT Bk     CRISIL AA      335.9   Reaffirmed
                                        Loan Fac
Bangalore International Airport Ltd     TL                 CRISIL AA      120304.1Assigned
Batliboi Ltd                            CC                 CRISIL B       186     Reaffirmed
Batliboi Ltd                            Proposed LT Bk     CRISIL B       102.5   Reaffirmed
                                        Loan Fac
Bhagwati Ferro Metal Pvt Ltd            CC                 CRISIL BBB     600     Reaffirmed
Bhagwati Ferro Metal Pvt Ltd            Proposed LT Bk     CRISIL BBB     0.5     Reaffirmed
                                        Loan Fac
Bhawani Moulders Pvt Ltd                CC                 CRISIL B+      90      Assigned
Bhawani Moulders Pvt Ltd                TL                 CRISIL B+      60      Assigned
Birla Visabeira Pvt Ltd                 LT Loan            CRISIL BBB     100     Assigned
Birla Visabeira Pvt Ltd                 CC                 CRISIL BBB     125     Assigned
Classique Associates                    Proposed Rupee TL  CRISIL A+      600     Reaffirmed
Cliffton Packagings Pvt Ltd             CC                 CRISIL B+      80      Assigned
Cliffton Packagings Pvt Ltd             Proposed FB Bk     CRISIL B+      20      Assigned
                                        Limits
Continental Engines Pvt Ltd             CC                 CRISIL BBB+    270     Reaffirmed
Continental Engines Pvt Ltd             Export Packing     CRISIL BBB+    100     -
                                        Credit
Continental Engines Pvt Ltd             TL                 CRISIL BBB+    300     Reaffirmed
Daund Sugar Pvt Ltd                     Sugar Pledge CC    CRISIL BBB+    2525    Assigned
Daund Sugar Pvt Ltd                     Proposed WC Fac    CRISIL BBB+    175     Assigned
Daund Sugar Pvt Ltd                     Proposed Rupee TL  CRISIL BBB+    200     Assigned
East Coast Distributors Pvt Ltd         CC                 CRISIL B+      180     Reaffirmed
East Coast Distributors Pvt Ltd         Proposed LT Bk     CRISIL B+      40      Reaffirmed
                                        Loan Fac
Edelweiss Finvest Pvt Ltd               LT Bk Fac          CRISIL AA      500     Reaffirmed
Edelweiss Finvest Pvt Ltd               Proposed LT Bk     CRISIL AA      4500    Reaffirmed
                                        Loan Fac^
^interchangeable with short term bank facilities
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      5000    Reaffirmed
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      2000    Reaffirmed
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  10000   Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  7500    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  3000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  3500    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Rural and Corporate Services  LT Bk Fac          CRISIL AA      6250    Reaffirmed
Ltd
Edelweiss Rural and Corporate Services  Overdraft          CRISIL AA      500     Reaffirmed
Ltd
Edelweiss Rural and Corporate Services  Proposed LT Bk     CRISIL AA      20620   Reaffirmed
Ltd                                     Loan Fac**
**Interchangeable with short term bank facilities
Edelweiss Rural and Corporate Services  NCD                CRISIL AA      10000   Reaffirmed
Ltd
Edelweiss Rural and Corporate Services  NCD                CRISIL AA      70000   Reaffirmed
Ltd
Edelweiss Rural and Corporate Services  PS                 CRISIL AA      1050    Reaffirmed
Ltd
Edelweiss Rural and Corporate Services  NCD*               CRISIL AA      5000    Reaffirmed
Ltd
*Transferred from Edelweiss Agri Value Chail Limited on its amalgamation with 
Edelweiss Rural and Corporate Services Limited.
Edelweiss Rural and Corporate Services  NCDs Rs.1000       CRISIL AA      10000   Reaffirmed
Ltd                                     Crore*
*Transferred from Edelweiss Agri Value Chail Limited on its amalgamation with 
Edelweiss Rural and Corporate Services Limited.
EL Shadaai                              Packing Credit     CRISIL BB      27.5    Assigned
Emmbi Industries Ltd                    TL                 CRISIL BBB+    223.7   Assigned
Emmbi Industries Ltd                    Corporate Loan     CRISIL BBB+    242.4   Assigned
Emmbi Industries Ltd                    CC                 CRISIL BBB+    970     Assigned
Eurokids International Pvt Ltd          Overdraft          CRISIL A-      200     Reaffirmed
Euroschool Foundation                   TL                 CRISIL A-      450     Reaffirmed
Euroschool Properties and               TL                 CRISIL A-      840     Reaffirmed
Infrastructure Pvt Ltd
Fino Finance Pvt Ltd                    Proposed LT Bk     CRISIL BBB-    1110.7  Reaffirmed
                                        Loan Fac
Fino Finance Pvt Ltd                    NCDs Issue         CRISIL BBB-    570     Reaffirmed
Fino Finance Pvt Ltd                    Subordinated Debt  CRISIL BBB-    250     Reaffirmed
Galaxy Surfactants Ltd                  CC                 CRISIL A+      2650    Reaffirmed
Galaxy Surfactants Ltd                  Proposed LT Bk     CRISIL A+      1708.9  Reaffirmed
                                        Loan Fac
Galaxy Surfactants Ltd                  TL                 CRISIL A+      1150.4  Reaffirmed
Gamma Constructions Pvt Ltd             Rupee TL           CRISIL A+      2500    Reaffirmed
Grewal Transport Company                CC                 CRISIL B+      80      Assigned
Guruvayoor Infrastructure Pvt Ltd       NCD                CRISIL BB+     1000    -
Revised from CRISIL BBB- (Issuer Not Cooperating)
H. N. Cotex Pvt Ltd                     CC                 CRISIL B+      100     Reaffirmed
H. N. Cotex Pvt Ltd                     Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
H. N. Cotex Pvt Ltd                     TL                 CRISIL B+      5       Reaffirmed
Herald Publications Pvt Ltd             CC                 CRISIL BB      100     Reaffirmed
Herald Publications Pvt Ltd             TL                 CRISIL BB      77      Reaffirmed
Himanshu Apparels                       BG                 -              0.1     Withdrawn
Himanshu Apparels                       Export Packing     -              99.9    Withdrawn
                                        Credit
Imperial Auto Industries Ltd            CC*                CRISIL A       1920    Reaffirmed
*Fully interchangeable with post shipment loans
Imperial Auto Industries Ltd            TL                 CRISIL A       345     Reaffirmed
J.P.G. Engineers Pvt Ltd                Overdraft          CRISIL BB-     30      Assigned
Kalyaneswari Properties Pvt Ltd         CC                 CRISIL BB      30      Assigned
Krishna Natural Fibre Pvt Ltd           CC                 CRISIL B+      130     Reaffirmed
Krishna Natural Fibre Pvt Ltd           TL                 CRISIL B+      25.7    Reaffirmed
Kumar Brothers Chemists Pvt Ltd         CC                 CRISIL B+      370     Assigned
Landmark Royal Engineering India Pvt LtdProposed LT Bk     CRISIL BB+     0.7     Assigned
                                        Loan Fac
Landmark Royal Engineering India Pvt LtdOverdraft          CRISIL BB+     10      Assigned
M and B Engineering Ltd                 CC                 CRISIL BBB     420.2   Reaffirmed
M and B Engineering Ltd                 CC^                CRISIL BBB     91.6    Reaffirmed
^Fully interchangeability with letter of credit/bank guarantee
Mahalaxmi Industries - Nagpur           TL                 CRISIL BB-     23.3    Assigned
Mahalaxmi Industries - Nagpur           CC                 CRISIL BB-     40      Assigned
Mahalaxmi Industries - Nagpur           Proposed LT Bk     CRISIL BB-     6.7     Assigned
                                        Loan Fac
Mahaveer Finance India Ltd              CC                 CRISIL BBB-    272.5   Reaffirmed
Mahaveer Finance India Ltd              Proposed CC Limit  CRISIL BBB-    2.5     Reaffirmed
Mahaveer Finance India Ltd              TL                 CRISIL BBB-    25      Reaffirmed
Mahaveer Finance India Ltd              NCD                CRISIL BBB-    100     Reaffirmed
MB Power (Madhya Pradesh) Ltd           CC                 CRISIL BBB-    10600   -
Downgraded from CRISIL BBB+/Negative
MB Power (Madhya Pradesh) Ltd           Corporate Loan     CRISIL BBB-    240     -
Downgraded from CRISIL BBB+/Negative
MB Power (Madhya Pradesh) Ltd           External           CRISIL BBB-    7430    -
                                        Commercial
                                        Borrowings*
Downgraded from CRISIL BBB+/Negative. * equivalent to USD12.5446 crore
MB Power (Madhya Pradesh) Ltd           Proposed LT Bk     CRISIL BBB-    2243.2  -
                                        Loan Fac
Downgraded from CRISIL BBB+/Negative
MB Power (Madhya Pradesh) Ltd           TL                 CRISIL BBB-    46240   -
Downgraded from CRISIL BBB+/Negative
Mittal Ocean Trade Pvt Ltd              CC                 CRISIL B+      30      Reaffirmed
Multicolor Steels India Pvt Ltd         CC                 CRISIL BB-     105     Assigned
Multicolor Steels India Pvt Ltd         LT Loan            CRISIL BB-     85      Assigned
N. B. Cotex Pvt Ltd                     CC                 CRISIL B+      70      Reaffirmed
N. B. Cotex Pvt Ltd                     TL                 CRISIL B+      5       Reaffirmed
National Ginning and Pressing IndustriesCC                 CRISIL B+      70      Reaffirmed
National Ginning and Pressing IndustriesProposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
New Bilkhiya Ginning Factory            CC                 CRISIL B+      52.5    Reaffirmed
New Bilkhiya Ginning Factory            Proposed LT Bk     CRISIL B+      27.5    Reaffirmed
                                        Loan Fac
New Habitat Housing Finance And         CC                 -              30      Withdrawn
Development Ltd
New Habitat Housing Finance And         Proposed LT Bk     -              460     Withdrawn
Development Ltd                         Loan Fac
New Habitat Housing Finance And         TL                 CRISIL BB+     50      Reaffirmed
Development Ltd
New Habitat Housing Finance And         TL                 Withdrawn      460     Assigned
Development Ltd
Nippon Audiotronix Pvt Ltd              Bill Discounting   CRISIL A       300     Reaffirmed
Nippon Audiotronix Pvt Ltd              CC                 CRISIL A       200     Reaffirmed
Orion Security Solutions Pvt Ltd        CC                 CRISIL BB+     50      Reaffirmed
Migrated from CRISIL BB+ (Issuer Not Cooperating)
Orion Security Solutions Pvt Ltd        CC/ Overdraft Fac  CRISIL BB+     10      Reaffirmed
Migrated from CRISIL BB+ (Issuer Not Cooperating)
Orion Security Solutions Pvt Ltd        Proposed LT Bk     CRISIL BB+     95      Reaffirmed
                                        Loan Fac
Migrated from CRISIL BB+ (Issuer Not Cooperating)
Orion Security Solutions Pvt Ltd        WC Loan            CRISIL BB+     75      Reaffirmed
Migrated from CRISIL BB+ (Issuer Not Cooperating)
Para Products Pvt Ltd                   CC^                CRISIL BB      192     Reaffirmed
PAS Trading House                       CC                 CRISIL B+      120     Reaffirmed
PAS Trading House                       LT Bk Fac          CRISIL B+      15      Reaffirmed
Phoenix Mills Ltd                       Overdraft*         CRISIL A+      650     Reaffirmed
*Sublimit of Term Loan
Phoenix Mills Ltd                       TL                 CRISIL A+      3350    Reaffirmed
Prime Ispat Ltd                         CC                 CRISIL BBB-    380     Reaffirmed
Prime Ispat Ltd                         Proposed LT Bk     CRISIL BBB-    57      Reaffirmed
                                        Loan Fac
Prime Ispat Ltd                         TL                 CRISIL BBB-    133     Reaffirmed
R S Brothers Retail India Pvt Ltd       CC                 CRISIL A-      800     Reaffirmed
R S Brothers Retail India Pvt Ltd       Proposed LT Bk     CRISIL A-      510     Reaffirmed
                                        Loan Fac
R S Brothers Retail India Pvt Ltd       TL                 CRISIL A-      690     Reaffirmed
R.S.Brothers Jewellers Pvt Ltd          CC                 CRISIL A-      650     Reaffirmed
Rahul International Pvt Ltd             LT Loan            CRISIL B+      210     Assigned
Raj Path Infracon PN 41 LLP             TL                 CRISIL BBB-    578.2   Assigned
Raj Path Infracon PN 44 LLP             TL                 CRISIL BBB-    598     Assigned
Raj Path Infracon PN 51 LLP             TL                 CRISIL BBB-    400     Assigned
Rays Import Inc                         CC*                CRISIL BB+     20      Assigned
*Cash Credit is Sub Limit of Letter of Credit facility
Real Innerspring Technologies Pvt Ltd   CC                 CRISIL BB      50      Reaffirmed
Migrated from CRISIL BB (Issuer Not Cooperating)
Real Innerspring Technologies Pvt Ltd   Proposed LT Bk     CRISIL BB      17.5    Reaffirmed
                                        Loan Fac
Migrated from CRISIL BB (Issuer Not Cooperating)
Real Innerspring Technologies Pvt Ltd   TL                 CRISIL BB      30      Reaffirmed
Migrated from CRISIL BB (Issuer Not Cooperating)
Ritvik Steel Pvt Ltd                    CC                 CRISIL B+      50      Assigned
Roma Builders Pvt Ltd                   Proposed LT Bk     CRISIL A+      2000    Reaffirmed
                                        Loan Fac
Roma Builders Pvt Ltd                   Rupee TL           CRISIL A+      5500    Reaffirmed
Roy Agrovets Pvt Ltd                    TL                 CRISIL BBB-    98      Assigned
Roy Agrovets Pvt Ltd                    CC                 CRISIL BBB-    150     Assigned
S. R. Textile Suppliers                 CC                 -              90      Withdrawn
S. R. Textile Suppliers                 Proposed LT Bk     -              129     Withdrawn
                                        Loan Fac
Salasar Exteriors and Contour Ltd       CC                 CRISIL BB-     110     Assigned
Salasar Techno Engineering Ltd          BG                 -              75      Withdrawn
Salasar Techno Engineering Ltd          CC                 -              400     Withdrawn
Salasar Techno Engineering Ltd          LOC                -              125     Withdrawn
Salasar Techno Engineering Ltd          Proposed LT Bk     -              7.5     Withdrawn
                                        Loan Fac
Salasar Techno Engineering Ltd          TL                 -              32.5    Withdrawn
Samrudh Pharmacare Pvt Ltd              CC                 CRISIL B       10      -
Upgraded from CRISIL B-
Samrudh Pharmacare Pvt Ltd              Proposed LT Bk     CRISIL B       1.1     -
                                        Loan Fac
Upgraded from CRISIL B-
Samrudh Pharmacare Pvt Ltd              TL                 CRISIL B       88.9    -
Upgraded from CRISIL B-
Sara Exports Ltd                        Bill Discounting   CRISIL BB      50      Reaffirmed
Sara Exports Ltd                        CC*                CRISIL BB      320     Reaffirmed
* Letter of Credit (Inland/Foreign) of Rs 24.50 Crore is a sub-limit of Cash Credit limit
Sara Exports Ltd                        LT Loan            CRISIL BB      25      Reaffirmed
Sara Exports Ltd                        Proposed FB Bk     CRISIL BB      50      Assigned
                                        Limits
Sarjak Container Lines Pvt Ltd          CC & WC demand loanCRISIL BBB-    120     Reaffirmed
Sarjak Container Lines Pvt Ltd          Foreign Currency TLCRISIL BBB-    130     Reaffirmed
Senco Gold Ltd                          WC Fac             -              5500    Withdrawn
Sentosa Granito Pvt Ltd                 CC                 CRISIL BB+     130     Assigned;
                                                                                  Suspension
                                                                                  Revoked 
Sentosa Granito Pvt Ltd                 TL                 CRISIL BB+     120.2   Assigned;
                                                                                  Suspension
                                                                                  Revoked 
Servo Packaging Ltd                     CC                 CRISIL BBB-    145     -
Upgraded from CRISIL BB+
Servo Packaging Ltd                     Foreign LOC        CRISIL BBB-    5       -
Upgraded from CRISIL BB+
Servo Packaging Ltd                     WC TL              CRISIL BBB-    31      Assigned
Upgraded from CRISIL BB+
Servo Packaging Ltd                     TL                 CRISIL BBB-    8.7     Assigned
Upgraded from CRISIL BB+
Servo Packaging Ltd                     WC Demand Loan     CRISIL BBB-    15      Assigned
Upgraded from CRISIL BB+
Seva Engineering -Talwade               Rupee TL           CRISIL B+      15      Assigned
Seva Engineering -Talwade               CC                 CRISIL B+      25      Assigned
Seva Engineering -Talwade               Proposed CC Limit  CRISIL B+      20      Assigned
Shree Kumarasamy Poly Chem              CC                 CRISIL BB-     24      -
Upgraded from CRISIL B+
Shree Kumarasamy Poly Chem              LT Loan            CRISIL BB-     17.2    -
Upgraded from CRISIL B+
Shree Kumarasamy Poly Chem              Proposed TL        CRISIL BB-     22.8    -
Upgraded from CRISIL B+
Shri Shivaji Maratha Society            Rupee TL           CRISIL BBB-    200     Reaffirmed
Society of Green Makers Pvt Ltd         Proposed LT Bk     CRISIL BB+     15      Assigned
                                        Loan Fac
Society of Green Makers Pvt Ltd         CC                 CRISIL BB+     5       Assigned
Somany Fine Vitrified Pvt Ltd           CC                 CRISIL A       150     Reaffirmed
Somany Fine Vitrified Pvt Ltd           LT Loan            CRISIL A       160     Reaffirmed
Somany Fine Vitrified Pvt Ltd           Proposed FB Bk     CRISIL A       90      Reaffirmed
                                        Limits
Sri Balaji Agro Industries              TL                 CRISIL B       39.5    Assigned
Sri Balaji Agro Industries              CC                 CRISIL B       30      Assigned
Sri Balaji Agro Industries              Proposed FB Bk     CRISIL B       0.5     Assigned
                                        Limits
Sri Rama Educational Trust              BG                 CRISIL D       10      -
Downgraded from CRISIL B+
Sri Rama Educational Trust              CC                 CRISIL D       50      -
Downgraded from CRISIL B+
Sri Rama Educational Trust              LT Loan            CRISIL D       332.3   -
Downgraded from CRISIL B+
Sri Rama Educational Trust              Proposed FB Bk     CRISIL D       27.7    -
                                        Limits
Downgraded from CRISIL B+
Sri Sai Laxmi Narasimha Cotton and      LT Loan            CRISIL B+      25      Assigned
Ginning Mill
Sri Sai Laxmi Narasimha Cotton and      Open CC            CRISIL B+      50      Assigned
Ginning Mill
Tega Industries (Sez) Ltd               CC*                -              500     Withdrawn
*Interchangeable with non-fund-based bank facilities
Tega Industries (Sez) Ltd               LT Loan            -              330     Withdrawn
Tega Industries Ltd                     CC^                CRISIL A-      1610    -
Upgraded from CRISIL BBB+ . 
^Fully interchangeable with export packing credit, packing credit in foreign currency, 
post shipment in foreign currency, working capital demand loan & bill discounting, 
letter of credit, bank guarantee, and buyer's credit. 
Tega Industries Ltd                     Proposed CC Limit  CRISIL A-      90      -
Upgraded from CRISIL BBB+
Tega Industries Ltd                     TL                 CRISIL A-      1100    -
Upgraded from CRISIL BBB+
The KCP Ltd                             CC                 CRISIL A-      1160    Reaffirmed
The KCP Ltd                             FB Fac*            CRISIL A-      750
*Interchangable with non fund based facility
The KCP Ltd                             Proposed CC Limit  CRISIL A-      450     Reaffirmed
The KCP Ltd                             Proposed LT Bk     CRISIL A-      538     Reaffirmed
                                        Loan Fac
The KCP Ltd                             TL                 CRISIL A-      4193.9  Assigned
The KCP Ltd                             NCD                CRISIL A-      700     Reaffirmed
Thermotech Engineering (India) LLP      CC                 CRISIL B       50      Assigned
Vaaghani Inc                            CC*                CRISIL BB+     50      Assigned
*Cash credit is a sub limit of Letter of Credit facility
Vaishnavi Vahini Mount Life Hospitality Proposed LT Bk     CRISIL BB-     25      Assigned
Pvt Ltd                                 Loan Fac
Vaishnavi Vahini Mount Life Hospitality TL                 CRISIL BB-     75      Assigned
Pvt Ltd
Vidya Agro Food Products                CC                 CRISIL BB      50      Assigned
Vikram Pvt Ltd                          CC                 CRISIL B       118     Assigned;
                                                                                  Suspension
                                                                                  Revoked 
Vikram Pvt Ltd                          Proposed LT Bk     CRISIL B       32      Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked 
VVV Construction Pvt Ltd                Overdraft          CRISIL B       315     -
Migrated from CRISIL B+ (Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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