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CRISIL ratings for Indian debt instruments-Aug 21
August 21, 2017 / 5:10 AM / a month ago

CRISIL ratings for Indian debt instruments-Aug 21

    Aug 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 18, 2017.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A K Das Associates Ltd                  BG                 CRISIL A4+     500     Reaffirmed
A K Das Associates Ltd                  LOC                CRISIL A4+     100     Reaffirmed
Al Karma                                BG                 CRISIL A4      37.5    Reaffirmed
Al Karma                                LOC                CRISIL A4      7.5     Reaffirmed
Arunachal Timber Traders Pvt Ltd        Foreign LOC        CRISIL A4+     210     Reaffirmed
Asa Bhanu Technical Services Ltd        Bill Discounting   CRISIL A4      30      Downgraded
                                        under LOC                                 from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Asa Bhanu Technical Services Ltd        LOC & BG           CRISIL A4      100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Asian Tire Factory Ltd                  LOC                CRISIL A4      35      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Asian Tire Factory Ltd                  Proposed ST Bk     CRISIL A4      2       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  A4+
Associated Lighting Company             LOC                CRISIL A4      60      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Averina International Resorts Pvt Ltd   BG                 CRISIL A3+     26      Reaffirmed
Bharat Construction                     BG                 CRISIL A4      230     Reaffirmed
Issuer Not Cooperating
Bharat Hydel Projects Pvt Ltd           BG                 CRISIL A4      200     Reaffirmed
Bhoorathnom Construction Company Pvt LtdBG                 CRISIL A4      720     Reaffirmed
Centum Industries Pvt Ltd               BG                 CRISIL A4+     30      Downgraded
                                                                                  from CRISIL A3
Centum Industries Pvt Ltd               LOC                CRISIL A4+     10      Downgraded
                                                                                  from CRISIL A3
Ch. Ramamohan Reddy                     BG                 CRISIL A4      12.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ch. Ramamohan Reddy                     Overdraft          CRISIL A4      60      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Deccan Tobacco Exports Pvt Ltd          Packing Credit     CRISIL A4+     100     Downgraded
                                                                                  from CRISIL
                                                                                  A3
Gurudeo Exports Corporation Pvt Ltd     LOC                CRISIL A4+     250     Assigned
G.S. Auto International Ltd             BG                 CRISIL D       25      Downgraded
                                                                                  from CRISIL A4
G.S. Auto International Ltd             LOC                CRISIL D       15      Downgraded
                                                                                  from CRISIL A4
Immanuel and Co.                        BG                 CRISIL A4+     5       Reassigned
IndoStar Capital Finance Ltd            ST Debt Programme  CRISIL A1+     17500   Reaffirmed
Jai Pawansut Polytex Pvt Ltd            BG                 CRISIL A4      1.2     Reaffirmed
Issuer Not Cooperating
Joys Steel Impex                        LOC                CRISIL A4+     70      Reaffirmed
Kingsmen Fairtech Interiors Pvt Ltd     BG                 CRISIL A4      102.5   Reaffirmed
Krishna Constructions Co                BG                 CRISIL A4+     66      Reaffirmed
Krishna Constructions Co                Overdraft          CRISIL A4+     5.4     Reaffirmed
Mechvac India Ltd                       BG#                CRISIL A3      75      Reaffirmed
# Interchangeable with letters of credit
Mechvac India Ltd                       LOC*               CRISIL A3      75      Reaffirmed
* Fully interchangeable with bank guarantee
Naranjan Rice Exports Pvt Ltd           Packing Credit     CRISIL A4      550     Reaffirmed
Issuer Not Cooperating
Nirman India Constructions Pvt Ltd      BG                 CRISIL A4+     60      Reaffirmed
NTPC Ltd                                BG                 CRISIL A1+     18650   Reaffirmed
NTPC Ltd                                LOC                CRISIL A1+     27250   Reaffirmed
NTPC Ltd                                Proposed BG        CRISIL A1+     1350    Reaffirmed
NTPC Ltd                                Proposed LOC       CRISIL A1+     2750    Reaffirmed
Oyster Steel and Iron Pvt Ltd           BG                 CRISIL A4      100     Reaffirmed
Issuer Not Cooperating
Oyster Steel and Iron Pvt Ltd           Proposed BG        CRISIL A4      100     Reaffirmed
Issuer Not Cooperating
Premier Ispat Ltd                       LOC & BG           CRISIL A4+     40      Reaffirmed
Premier Pipes Ltd                       LOC & BG           CRISIL A4      25      Reaffirmed
Radhey Shyam & Sons                     LOC                CRISIL A4      111     Reaffirmed
Issuer Not Cooperating
Rajesh Products Pvt Ltd                 LOC                CRISIL A4      10      Reaffirmed
Rajarathnam Construction Pvt Ltd        Overdraft          CRISIL D       45      Downgraded
                                                                                  from CRISIL A4
Recktronic Devices and Systems          LOC                CRISIL A4+     55      Reaffirmed
Ruia Chemicals Pvt Ltd                  Letter Of GuaranteeCRISIL A4      11.1    Reaffirmed
Ruia Chemicals Pvt Ltd                  LOC                CRISIL A4      2       Reaffirmed
Shreegopal Concrete Pvt Ltd             BG                 CRISIL A4+     19.2    Reaffirmed
Shreegopal Concrete Pvt Ltd             LOC                CRISIL A4+     50      Reaffirmed
Synthite Industries Ltd                 Export Finance     CRISIL A1+     1500    Reaffirmed
                                        Limit^
^100% interchangeability between letter of credit
Synthite Industries Ltd                 LOC                CRISIL A1+     30      Reaffirmed
Synthite Industries Ltd                 LOC & BG           CRISIL A1+     250     Reaffirmed
Synthite Industries Ltd                 Packing Credit##   CRISIL A1+     1598    Reaffirmed

##100% interchangeability between packing credit in foreign currency, foreign documentary bill
purchase, and foreign usance discount bill purchase.
Synthite Industries Ltd                 Packing Credit@@   CRISIL A1+     1500    Reaffirmed
@@100% interchangeability between packing credit in foreign currency, import letter of credit,
standby letter of credit, short-term loan, and overdraft export.
Synthite Industries Ltd                 Packing Credit@    CRISIL A1+     500     Reaffirmed
@Rs 50.0 crs is interchangeable between packing credit in foreign currency and foreign
documentary bill purchase.
Synthite Industries Ltd                 Packing Credit     CRISIL A1+     1000    Reaffirmed
Thomas Cook India Ltd                   BG ##              CRISIL A1+     2650    Reaffirmed
## Facility of Rs 162.0 crore interchangeable with letter of credit to the extent of Rs 25.0
crore
Thomas Cook India Ltd                   LOC ^^             CRISIL A1+     1800    Reaffirmed
^^ Facility of Rs 75.0 crore interchangeable with BG and post-shipment credit in foreign
currency (PSFC) to the extent of Rs.25 crore
Thomas Cook India Ltd                   Overdraft @@       CRISIL A1+     740     Reaffirmed
@@ Facility of Rs 49.0 crore interchangeable with Letter of Credit to the extent of Rs.25 crore;
facility of Rs 15.0 crore fully interchangeable with Letter of Credit and Bank Guarantee


LONG TERM RATINGS:
-------------------
A K Das Associates Ltd                  CC                 CRISIL BB-     250     Reaffirmed
A. H. Alloys                            CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Al Karma                                CC                 CRISIL B-      35      Reaffirmed
Al Karma                                Proposed LT Bk     CRISIL B-      7.5     Reaffirmed
                                        Loan Fac
Al Karma                                WC Fac             CRISIL B-      2.5     Reaffirmed
Arunachal Timber Traders Pvt Ltd        CC                 CRISIL BB-     67.5    Reaffirmed
Asa Bhanu Technical Services Ltd        CC/ Overdraft Fac  CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Asa Bhanu Technical Services Ltd        LT Loan            CRISIL B       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Asa Bhanu Technical Services Ltd        WC Demand Loan     CRISIL B       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Asian Tire Factory Ltd                  CC                 CRISIL B       65      Downgraded
                                                                                  from CRISIL BB
Associated Lighting Company             Export Packing     CRISIL B       90      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Averina International Resorts Pvt Ltd   Overdraft          CRISIL BBB     50      Reaffirmed
Averina International Resorts Pvt Ltd   Rupee TL           CRISIL BBB     123.8   Reaffirmed
Bharat Aluminium Co.                    CC                 CRISIL B       70      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Bharat Carbon and Oil Industries        CC                 CRISIL B-      10      Reaffirmed
Bharat Carbon and Oil Industries        Mortgage Loan Fac  CRISIL B-      12      Reaffirmed
Bharat Carbon and Oil Industries        Proposed TL        CRISIL B-      1       Reaffirmed
Bharat Carbon and Oil Industries        TL                 CRISIL B-      52      Reaffirmed
Bharat Construction                     CC                 CRISIL B-      120     Reaffirmed
Issuer Not Cooperating
Bharat Hydel Projects Pvt Ltd           CC                 CRISIL B-      100     Reaffirmed
Bhoorathnom Construction Company Pvt LtdCC                 CRISIL B-      140     Upgraded from
                                                                                  CRISIL C
Bhoorathnom Construction Company Pvt LtdProposed LT Bk     CRISIL B-      77.8    Upgraded from
                                        Loan Fac                                  CRISIL C
Bhoorathnom Construction Company Pvt LtdSecured Overdraft  CRISIL B-      20      Upgraded from
                                        Fac                                       CRISIL C
Bhoorathnom Construction Company Pvt LtdTL                 CRISIL B-      42.2    Upgraded from
                                                                                  CRISIL C
Bhumya Tea Company Pvt Ltd              CC                 CRISIL B       240     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Bhumya Tea Company Pvt Ltd              TL                 CRISIL B       192.1   Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Centum Industries Pvt Ltd               CC@                CRISIL BB      30      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
@ Includes sublimit of Rs.0.5 cr for export packing credit and bills discounting 
Centum Industries Pvt Ltd               Proposed LT Bk     CRISIL BB      15      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Ch. Ramamohan Reddy                     LT Loan            CRISIL B       15      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Ch. Ramamohan Reddy                     Proposed LT Bk     CRISIL B       32.5    Downgraded
                                        Loan Fac                                  from CRISIL BB
Issuer Not Cooperating
Creative Yarn Pvt Ltd                   CC                 CRISIL B-      70      Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
Creative Yarn Pvt Ltd                   Proposed LT Bk     CRISIL B-      18.9    Downgraded
                                        Loan Fac                                  from CRISIL B
Issuer Not Cooperating
Creative Yarn Pvt Ltd                   TL                 CRISIL B-      11.1    Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
Deccan Tobacco Exports Pvt Ltd          Proposed LT Bk     CRISIL BB+     900     Reassigned
                                        Loan Fac
Edit Guru                               CC                 CRISIL B       7.5     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Edit Guru                               TL                 CRISIL B       62.5    Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
G. R. Multiflex Packaging Pvt Ltd       CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
G. R. Multiflex Packaging Pvt Ltd       Proposed LT Bk     CRISIL D       3.2     Downgraded
                                        Loan Fac                                  from CRISIL B
Issuer Not Cooperating
G. R. Multiflex Packaging Pvt Ltd       TL                 CRISIL D       16.8    Downgraded
                                                                                  from CRISIL B
Issuer Not Cooperating
G.S. Auto International Ltd             CC                 CRISIL D       272.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
G.S. Auto International Ltd             Foreign Currency TLCRISIL D       240     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
G.S. Auto International Ltd             Proposed LT Bk     CRISIL D       237.4   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
G.S. Auto International Ltd             TL                 CRISIL D       60.1    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Global Estates AC Ambassador Hotel      CC                 CRISIL B       5       Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Global Estates AC Ambassador Hotel      Proposed LT Bk     CRISIL B       0.8     Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Global Estates AC Ambassador Hotel      TL                 CRISIL B       84.2    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Global Foods - Nagpur                   TL                 CRISIL B-      90      Reaffirmed
Gurudeo Exports Corporation Pvt Ltd     Export Packing     CRISIL BB      700     Assigned
                                        Credit
Horizon Polymers                        CC                 CRISIL B-      100     Downgraded
                                                                                  from CRISIL B
IFFCO Tokio General Insurance Co. Ltd   Financial Strength CRISIL AA      -       Downgraded
                                        Rating                                    from CRISIL
                                                                                  AA-
Immanuel and Co.                        Overdraft          CRISIL BB      95      Reaffirmed
Irrilink Drip Irrigation Industries     CC                 CRISIL B-      32.5    Reaffirmed
Irrilink Drip Irrigation Industries     Proposed CC Limit  CRISIL B-      18.1    Reaffirmed
Irrilink Drip Irrigation Industries     TL                 CRISIL B-      49.4    Reaffirmed
Jain Industries                         CC                 CRISIL BB-     90      Upgraded from
                                                                                  CRISIL B+
Jaya Jeya Agro Food Products Pvt Ltd    TL                 CRISIL B       100     Assigned
Jaya Jeya Agro Food Products Pvt Ltd    CC                 CRISIL B       140     Assigned
Jaya Jeya Agro Food Products Pvt Ltd    Proposed CC Limit  CRISIL B       5       Assigned
Joys Steel Impex                        CC                 CRISIL BB-     230     Reaffirmed
Keya Seth's Ayurvedic Solution          CC                 CRISIL BB      25      Downgraded
(Cosmetic Divisio                                                                 from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Keya Seth's Ayurvedic Solution          Proposed LT Bk     CRISIL BB      19.9    Downgraded
(Cosmetic Divisio                       Loan Fac                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Keya Seth's Ayurvedic Solution          TL                 CRISIL BB      5.1     Downgraded
(Cosmetic Divisio                                                                 from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Keya Seths Marketing                    CC                 CRISIL BB      15      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
Keya Seths Marketing                    Proposed LT Bk     CRISIL BB      35      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Issuer Not Cooperating
KF Biotech Pvt Ltd                      CC *               CRISIL B       80      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
* Kissan Credit Card Scheme
KF Biotech Pvt Ltd                      LT Loan #          CRISIL B       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
# Revolving farm machinery running limit
KF Biotech Pvt Ltd                      Proposed WC Fac    CRISIL B       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
KF Farms Pvt Ltd                        CC *               CRISIL B       85      Downgraded
                                                                                  from CRISIL B+
* Kissan Credit Card Scheme
KF Farms Pvt Ltd                        LT Loan #          CRISIL B       10      Downgraded
                                                                                  from CRISIL B+
# Farm machinery running limit
KF Farms Pvt Ltd                        Proposed WC Fac    CRISIL B       55      Downgraded
                                                                                  from CRISIL B+
Kingsmen Fairtech Interiors Pvt Ltd     CC                 CRISIL B+      150     Reaffirmed
Konkan Railway Corporation Ltd          Bond*              CRISIL AAA     17      Reaffirmed
*Outstanding as on March 31, 2016
Konkan Railway Corporation Ltd          Bond               CRISIL AAA     3100    Withdrawal
Krishna Constructions Co                Bill Discounting   CRISIL BB      9.6     Reaffirmed
Krishna Constructions Co                Proposed LT Bk     CRISIL BB      19      Reaffirmed
                                        Loan Fac
Madhav Stores                           CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Madhav Stores                           TL                 CRISIL B       24.2    Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Mechvac India Ltd                       CC                 CRISIL BBB-    100     Reaffirmed
Mechvac India Ltd                       Proposed LT Bk     CRISIL BBB-    253.5   Reaffirmed
                                        Loan Fac
Mechvac India Ltd                       TL                 CRISIL BBB-    96.5    Reaffirmed
Nilkanth Cotton Industries              CC                 CRISIL B+      40      Reaffirmed
Nilkanth Cotton Industries              Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
Nirman India Constructions Pvt Ltd      CC                 CRISIL BB-     17      Reaffirmed
Nirman India Constructions Pvt Ltd      TL                 CRISIL BB-     0.3     Reaffirmed
NTPC Ltd                                CC                 CRISIL AAA     14800   Reaffirmed
NTPC Ltd                                LT Loan            CRISIL AAA     466591.8Reaffirmed
NTPC Ltd                                Proposed CC Limit  CRISIL AAA     5200    Reaffirmed
NTPC Ltd                                Proposed LT Bk     CRISIL AAA     183408.2Reaffirmed
                                        Loan Fac
NU - Chem Oils Pvt Ltd                  CC                 CRISIL B       120     Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
NU - Chem Oils Pvt Ltd                  Proposed TL        CRISIL B       20      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
NU - Chem Oils Pvt Ltd                  TL                 CRISIL B       45      Downgraded
                                                                                  from CRISIL BB
Issuer Not Cooperating
Oyster Steel and Iron Pvt Ltd           CC                 CRISIL B       750     Downgraded
                                                                                  from CRISIL B+
Oyster Steel and Iron Pvt Ltd           Proposed CC Limit  CRISIL B       250     Downgraded
                                                                                  from CRISIL B+
Padam Cars Pvt Ltd                      CC                 CRISIL B       300     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Padam Cars Pvt Ltd                      Inventory Funding  CRISIL B       260     Downgraded
                                        Fac                                       from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Parsvnath Developers Ltd                CC                 CRISIL D       889.6   Downgraded
                                                                                  from CRISIL C
Parsvnath Developers Ltd                LT Loan            CRISIL D       200     Downgraded
                                                                                  from CRISIL C
Parsvnath Developers Ltd                Proposed LT Bk     CRISIL D       1410.4  Downgraded
                                        Loan Fac                                  from CRISIL C
Pawan Kumar Kanoi                       Proposed FB Bk     CRISIL BB-     145     Assigned
                                        Limits
Pawan Kumar Kanoi                       CC                 CRISIL BB-     45      Assigned
Pawan Kumar Kanoi                       Electronic Dealer  CRISIL BB-     60      Assigned
                                        Financing
                                        Scheme(e-DFS)
Premier Ispat Ltd                       CC                 CRISIL BB-     205     Reaffirmed
Premier Ispat Ltd                       Proposed LT Bk     CRISIL BB-     35      Reaffirmed
                                        Loan Fac
Premier Pipes Ltd                       CC                 CRISIL B+      65      Reaffirmed
Premier Pipes Ltd                       Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Radhey Shyam & Sons                     CC                 CRISIL B       5       Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Radhey Shyam & Sons                     Proposed LT Bk     CRISIL B       4       Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Raghu Educational Society               CC                 CRISIL BB-     37.5    Upgraded from
                                                                                  CRISIL B
Raghu Educational Society               LT Loan            CRISIL BB-     40      Upgraded from
                                                                                  CRISIL B
Raghu Educational Society               Proposed LT Bk     CRISIL BB-     82.5    Upgraded from
                                        Loan Fac                                  CRISIL B
Rajarathnam Construction Pvt Ltd        TL                 CRISIL D       469.7   Downgraded
                                                                                  from CRISIL B+
Rajarathnam Construction Pvt Ltd        WC TL              CRISIL D       85.3    Downgraded
                                                                                  from CRISIL B+
Rajesh Products Pvt Ltd                 CC                 CRISIL B-      40      Reaffirmed
Rajesh Products Pvt Ltd                 Proposed FB Bk     CRISIL B-      10      Reaffirmed
                                        Limits
Rajesh Products Pvt Ltd                 TL                 CRISIL B-      20      Reaffirmed
Raunaq Steels Trading Pvt Ltd           Channel Financing  CRISIL BBB-    180     Assigned
Recktronic Devices and Systems          CC                 CRISIL BB      25      Reaffirmed
Ruia Chemicals Pvt Ltd                  CC                 CRISIL B-      40      Reaffirmed
Ruia Chemicals Pvt Ltd                  Proposed LT Bk     CRISIL B-      16.9    Reaffirmed
                                        Loan Fac
Sargam India Electronics Pvt Ltd        CC                 CRISIL BBB-    500     Reaffirmed
Satyam Castings Pvt Ltd                 CC                 CRISIL BB-     60      Reaffirmed
Satyam Castings Pvt Ltd                 Proposed TL        CRISIL BB-     10      Reaffirmed
Shiv Flour Mill                         CC                 CRISIL B       29.6    Reaffirmed
Shiv Flour Mill                         Proposed LT Bk     CRISIL B       15.4    Reaffirmed
                                        Loan Fac
Shiv Flour Mill                         TL                 CRISIL B       80      Reaffirmed
Shree Mahalaxmi Roller Flour Mills      CC                 CRISIL BB-     80      Reaffirmed
Shreegopal Concrete Pvt Ltd             CC                 CRISIL BB-     340     Reaffirmed
Shreegopal Concrete Pvt Ltd             Proposed LT Bk     CRISIL BB-     72.1    Reaffirmed
                                        Loan Fac
Shreegopal Concrete Pvt Ltd             TL                 CRISIL BB-     30.3    Reaffirmed
Smaaash Entertainment Pvt Ltd           NCD                CRISIL BB      1200    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
SMSG Automart Pvt Ltd                   CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
SMSG Automart Pvt Ltd                   Proposed LT Bk     CRISIL B       5       Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
SMSG Automart Pvt Ltd                   TL                 CRISIL B       35      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Sukee Enterprises                       CC                 CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B+
Sukee Enterprises                       LT Loan            CRISIL BB-     50.4    Upgraded from
                                                                                  CRISIL B+
Sukee Enterprises                       Proposed LT Bk     CRISIL BB-     14.6    Upgraded from
                                        Loan Fac                                  CRISIL B+
Sun Hospital Pvt Ltd                    CC                 CRISIL B+      25      Reaffirmed
Sun Hospital Pvt Ltd                    TL                 CRISIL B+      34.9    Reaffirmed
Suvi International Pvt Ltd              CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Suvi International Pvt Ltd              Proposed LT Bk     CRISIL B       10      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Suvi International Pvt Ltd              TL                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Synthite Industries Ltd                 CC                 CRISIL AA-     2       Reaffirmed
Synthite Industries Ltd                 Packing Credit*    CRISIL AA-     1800    Reaffirmed
*100% interchangeability between packing credit in foreign currency, foreign bill purchase,
foreign bill discounting, foreign bill negotiation, bill purchase, bill discounting, working
capital demand loan, and short-term loan
Tata Sons Ltd                           Overdraft          CRISIL AAA     500     Reaffirmed
Thomas Cook India Ltd                   CC *               CRISIL AA-     650     Reaffirmed
* Fully interchangeable with working capital demand loan (WCDL), commercial paper, and letter of
credit (LC)
Thomas Cook India Ltd                   Overdraft ~~       CRISIL AA-     1550    Reaffirmed
~~ Facility of Rs 15.0 crore interchangeable with WCDL to the extent of Rs 12.0 crore;
facilities of Rs 50.0 crore interchangeable with WCDL and Short Term Loans, Rs 30.0 crore with
Bank Guarantee and Rs 10.0 crore with Letter of Credit; facility of Rs 70.0
crore interchangeable with WCDL & Short term loan (STL) to the extent of 50 crore, Rs.60 crore
with Letter of Credit; facility of Rs 20 crore fully interchangeable with working capital demand
loan (WCDL), Letter of Credit (LC) and Bank Guarantee (BG)
Tiny Tots Educational Society           TL                 CRISIL B       94      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Vardhman Rice & General Mills           CC                 CRISIL B+      60      Reaffirmed
Vardhman Rice & General Mills           Inventory Funding  CRISIL B+      30      Reaffirmed
                                        Fac
Vardhman Rice & General Mills           TL                 CRISIL B+      8.8     Reaffirmed
Vedant Fashions Pvt Ltd                 CC                 CRISIL A+      1200    #
Wings Travels Management (India) Pvt LtdBill Discounting   CRISIL BB      15      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Wings Travels Management (India) Pvt LtdCC                 CRISIL BB      160     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
--------------------------------------------------------------------------------------------
$: 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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