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CRISIL ratings for Indian debt instruments-Aug 18

   Aug 18  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of August 17, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Agro Tech Foods Ltd                    BG                CRISIL A1+    100    Reaffirmed
Agro Tech Foods Ltd                    LOC               CRISIL A1+    50     Reaffirmed
Agro Tech Foods Ltd                    LOC & BG          CRISIL A1+    250    Reaffirmed
Agro Tech Foods Ltd                    Standby LOC       CRISIL A1+    50     Reaffirmed
Agro Tech Foods Ltd                    CP                CRISIL A1+    500    Reaffirmed
Bhabani Pigments Pvt Ltd               BG                CRISIL A2+    3      Reaffirmed
Bhabani Pigments Pvt Ltd               LOC               CRISIL A2+    30     Reaffirmed
BLS Ecotech Ltd                        LOC               CRISIL A2     200    Reaffirmed
J K Sons Engineers Pvt Ltd             BG                CRISIL A4     6      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
J K Sons Engineers Pvt Ltd             LOC               CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
J.K. Fisheries                         Bill Discounting  CRISIL A4     50     Reaffirmed
                                       under LOC
(Issuer Not Cooperating)
Jai Lokenath Oil Extraction Pvt Ltd    BG                CRISIL A4     65     Reaffirmed
(Issuer Not Cooperating)
KCL Ltd                                BG                CRISIL A3+    10     Reaffirmed
KCL Ltd                                LOC               CRISIL A3+    9.5    Reaffirmed
KD Timber LLP                          Proposed LOC      CRISIL A4     16     Assigned
KD Timber LLP                          LOC               CRISIL A4     30     Assigned
Muthoot Fincorp Ltd                    CP                CRISIL A1     9000   Reaffirmed
Myrayash Hotels Pvt Ltd                BG                CRISIL A4     50     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Norex Flavours Pvt Ltd                 LOC               CRISIL A3     10     Reaffirmed
Norex Flavours Pvt Ltd                 Proposed NFBL     CRISIL A3     10     Reaffirmed
SEZ Vitrified Pvt Ltd                  BG                CRISIL A4+    40     Reaffirmed
SK. Samir Ali                          Proposed ST Bk    CRISIL A4     30     Reaffirmed
                                       Loan Fac
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING')
Sree Saradhambal Automobiles Erode Pvt Inventory Funding CRISIL A4+    50     Reaffirmed
Ltd                                    Fac
Sree Saradhambal Automobiles Erode Pvt Overdraft         CRISIL A4+    70     Reaffirmed
Ltd
Sree Saradhambal Automobiles Pvt Ltd   Overdraft         CRISIL A4+    225    Reaffirmed
The Travancore Mats & Matting Co       Export Packing    CRISIL A3     155    Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Transrail Lighting Ltd                 Non-FBL           CRISIL A2+   33999.5 Reaffirmed
(Continues on 'Rating Watch with Negative Implications')
V.V.V and Sons Edible Oils Ltd         ST Loan           CRISIL A2     100    Reaffirmed
 
LONG TERM RATINGS:
-------------------
Agro Tech Foods Ltd                    CC*               CRISIL        800    Reaffirmed
                                                         AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed. 
*Fully interchangeable between fund-based facility and non-fund based facility)
Agro Tech Foods Ltd                    CC                CRISIL        50     Reaffirmed
                                                         AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Agro Tech Foods Ltd                    Proposed LT Bk    CRISIL        403    Reaffirmed
                                       Loan Fac          AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Agro Tech Foods Ltd                    TL                CRISIL        47     Reaffirmed
                                                         AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Agro Tech Foods Ltd                    WC Demand Loan    CRISIL        300    Reaffirmed
                                                         AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Agro Tech Foods Ltd                    WC Loan#          CRISIL        420    Reaffirmed
                                                         AA-/Stable
(Outlook revised from 'Negative' and rating reaffirmed. 
#Interchangeable between working capital loan and cash credit)
AM Motors                              Inventory Funding CRISIL        100    Reaffirmed
                                       Fac               BBB-/Stable
Bhabani Pigments Pvt Ltd               CC                CRISIL        100    Reaffirmed
                                                         A-/Stable
Bhabani Pigments Pvt Ltd               WC Fac            CRISIL        150    Assigned
                                                         A-/Stable
Bhabani Pigments Pvt Ltd               Proposed FB Bk    CRISIL        0.4    Assigned
                                       Limits            A-/Stable
BLS Ecotech Ltd                        CC                CRISIL        400    Reaffirmed
                                                         BBB+/Stable
BLS Ecotech Ltd                        LT Loan           CRISIL        379    Reaffirmed
                                                         BBB+/Stable
BLS Ecotech Ltd                        Proposed LT Bk    CRISIL        208.9  Reaffirmed
                                       Loan Fac          BBB+/Stable
BLS Ecotech Ltd                        Standby LOC       CRISIL        500    Reaffirmed
                                                         BBB+/Stable
BPS Overseas Pvt Ltd                   Packing Credit    CRISIL        150    Reaffirmed
                                                         BB+/Stable
Durga Traders - Bangalore              Proposed LT Bk    CRISIL        19.6   Assigned
                                       Loan Fac          BB+/Stable
Durga Traders - Bangalore              CC                CRISIL        55     Assigned
                                                         BB+/Stable
Durga Traders - Bangalore              Medium TL         CRISIL        25.4   Assigned
                                                         BB+/Stable

J J Realtech Pvt Ltd                   TL                CRISIL        250    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
J K Sons Engineers Pvt Ltd             CC                CRISIL        135    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
J K Sons Engineers Pvt Ltd             Standby Line of   CRISIL        19     -
                                       Credit            B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
J K Sons Engineers Pvt Ltd             TL                CRISIL        180    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
J.K. Fisheries                         CC                CRISIL        47.5   Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
J.K. Fisheries                         Proposed CC Limit CRISIL        2.5    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Jai Lokenath Oil Extraction Pvt Ltd    CC                CRISIL        38.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Jai Lokenath Oil Extraction Pvt Ltd    TL                CRISIL        64     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Jaiswal Battery Service                BG                CRISIL D      75     Reaffirmed
(Issuer Not Cooperating)
Jaiswal Battery Service                CC                CRISIL D      70     Reaffirmed
(Issuer Not Cooperating)
Kamleshkumar Balubhai Lad              BG                CRISIL D      52.5   Reaffirmed
(Issuer Not Cooperating)
Kamleshkumar Balubhai Lad              CC                CRISIL D      62.5   Reaffirmed
(Issuer Not Cooperating)
Kamrup Packaging Udyog                 CC                CRISIL        29     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Kamrup Packaging Udyog                 TL                CRISIL        66     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
KCL Ltd                                Proposed FB Bk    -             105.5  Withdrawn
                                       Limits
KCL Ltd                                CC                CRISIL        81     Reaffirmed
                                                         BBB/Stable
KCL Ltd                                Non-FBL           CRISIL        47     Reaffirmed
                                                         BBB/Stable
KCL Ltd                                TL                CRISIL        364.5  Reaffirmed
                                                         BBB/Stable
KCL Ltd                                WC Fac            CRISIL        40     Reaffirmed
                                                         BBB/Stable
KD Timber LLP                          WC TL             CRISIL        5      Assigned
                                                         B/Stable
KD Timber LLP                          WC Demand Loan    CRISIL        3      Assigned
                                                         B/Stable
KD Timber LLP                          Proposed CC Limit CRISIL        16     Assigned
                                                         B/Stable
KD Timber LLP                          CC                CRISIL        30     Assigned
                                                         B/Stable
Khanna Agro Industries                 CC                CRISIL        65     Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING)
Khanna Agro Industries                 Rupee TL          CRISIL        20.7   Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Khanna Agro Industries                 WC Demand Loan    CRISIL        14.3   Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Lucknow Producers Co-Operative Milk    CC                CRISIL B/Stable 250  Reaffirmed
Union Ltd
Muthoot Fincorp Ltd                  CC & WC demand loan CRISIL        77850  Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          A/Stable
Muthoot Fincorp Ltd                    TL                CRISIL        3375   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    WC TL             CRISIL        20575  Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        3000   Assigned
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        3000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        21.9   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        3.5    Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        9.2    Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Subordinated Debt CRISIL        355.9  Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Perpetual Bonds   CRISIL        1440   Reaffirmed
                                                         BBB+/Stable
Myrayash Hotels Pvt Ltd                Proposed TL       CRISIL        850    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Myrayash Hotels Pvt Ltd                TL                CRISIL        900    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Norex Flavours Pvt Ltd                 CC                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
Norex Flavours Pvt Ltd                 Export Packing    CRISIL        140    Reaffirmed
                                       Credit            BBB-/Stable
Norex Flavours Pvt Ltd                 Foreign Bill      CRISIL        80     Reaffirmed
                                       Purchase          BBB-/Stable
Norex Flavours Pvt Ltd                 Fund & NFBL       CRISIL        30     Reaffirmed
                                                         BBB-/Stable
Norex Flavours Pvt Ltd                 LT Loan           CRISIL        17     Reaffirmed
                                                         BBB-/Stable
Norex Flavours Pvt Ltd                 Standby FB Limits CRISIL        40     Assigned
                                                         BBB-/Stable
Pinnacle Infotech Solutions            Proposed CC Limit CRISIL        120    Withdrawn
                                                         BBB+/Stable
Pinnacle Infotech Solutions            TL                CRISIL        30     Withdrawn
                                                         BBB+/Stable
Quick Act Light Systems and Cables Pvt CC                CRISIL        48.5   Reaffirmed
Ltd                                                      B+/Stable
(Issuer Not Cooperating)
Quick Act Light Systems and Cables Pvt Channel Financing CRISIL        40     Reaffirmed
Ltd                                                      B+/Stable
(Issuer Not Cooperating)
Quick Act Light Systems and Cables Pvt Proposed LT Bk    CRISIL        61.5   Reaffirmed
Ltd                                    Loan Fac          B+/Stable
(Issuer Not Cooperating)
Radhe Cotton                           CC                CRISIL D      75     Reaffirmed
(Issuer Not Cooperating)
Radhe Cotton                           Proposed LT Bk    CRISIL D      10.9   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Radhe Cotton                           TL                CRISIL D      5.7    Reaffirmed
(Issuer Not Cooperating)
Ritvik Steel Pvt Ltd                   Proposed CC Limit CRISIL        50     Reaffirmed
                                                         B+/Stable
SBI General Insurance Co. Ltd          Corporate Credit  CCR AAA/Stable  -    Assigned
                                       Rating
SEZ Vitrified Pvt Ltd                  CC                CRISIL        100    Reaffirmed
                                                         BB-/Stable
SEZ Vitrified Pvt Ltd                  TL                CRISIL        360    Reaffirmed
                                                         BB-/Stable
Shriram Housing Finance Ltd            Proposed LT Bk    CRISIL        7500   Reaffirmed
                                       Loan Fac          AA/Negative
Shriram Housing Finance Ltd            TL                CRISIL        2500   Assigned
                                                         AA/Negative
Shriram Housing Finance Ltd            NCD               CRISIL        5000   -
                                                         AA/Negative
SK. Samir Ali                          CC/ Overdraft Fac CRISIL        70     Reaffirmed
                                                         B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Sree Saradhambal Automobiles Erode Pvt Inventory Funding CRISIL        180    Reaffirmed
Ltd                                    Fac               BB-/Stable
Sree Saradhambal Automobiles Pvt Ltd   Inventory Funding CRISIL        195    Reaffirmed
                                       Fac               BB-/Stable
Sree Saradhambal Automobiles Pvt Ltd   Proposed WC Fac   CRISIL        20     Reaffirmed
                                                         BB-/Stable
Srinivasa Cotton And Oil Mills Pvt Ltd CC                CRISIL        200    Reaffirmed
                                                         BB+/Stable
Srinivasa Cotton And Oil Mills Pvt Ltd LT Loan           CRISIL        97.5   Reaffirmed
                                                         BB+/Stable
Srinivasa Cotton And Oil Mills Pvt Ltd Proposed LT Bk    CRISIL        2.5    Reaffirmed
                                       Loan Fac          BB+/Stable
Srinivasa Cotton And Oil Mills Pvt Ltd WC Fac            CRISIL        250    Assigned
                                                         BB+/Stable
The Travancore Mats & Matting Co       Export Packing    CRISIL        95     Reaffirmed
                                       Credit            BBB-/Stable
The Travancore Mats & Matting Co       LT Loan           CRISIL        66     Reaffirmed
                                                         BBB-/Stable
The Travancore Mats & Matting Co       Proposed LT Bk    CRISIL        64     Assigned
                                       Loan Fac          BBB-/Stable
Transrail Lighting Ltd                 CC                CRISIL A-     2267.4 Reaffirmed
(Continues on 'Rating Watch with Negative Implications')
Transrail Lighting Ltd                 Proposed LT Bk    CRISIL A-     385.7  Reaffirmed
                                       Loan Fac
(Continues on 'Rating Watch with Negative Implications')
Transrail Lighting Ltd                 TL                CRISIL A-     2547.4 Reaffirmed
(Continues on 'Rating Watch with Negative Implications')
V.V.V and Sons Edible Oils Ltd         CC                CRISIL        650    Reaffirmed
                                                         BBB+/Stable
V.V.V and Sons Edible Oils Ltd         TL                CRISIL        150    Reaffirmed
                                                         BBB+/Stable
Vaigai Leather Corporation             Export Packing    CRISIL        30     Reaffirmed
                                       Credit            B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Vaigai Leather Corporation             Proposed LT Bk    CRISIL        30     Assigned
                                       Loan Fac          B+/Stable
(Migrated from 'CRISIL B+/Stable 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@refinitiv.com)
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