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CRISIL ratings for Indian debt instruments-Aug 21

   Aug 21 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of August 20, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Annai Infra Developers Ltd             BG                CRISIL A4     1691.8 Reaffirmed
Asvini Fisheries Pvt Ltd               BG                CRISIL A2+    50     Reaffirmed
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Asvini Fisheries Pvt Ltd               Export Packing    CRISIL A2+    540    Reaffirmed
                                       Credit
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Asvini Fisheries Pvt Ltd               Foreign Bill      CRISIL A2+    340    Reaffirmed
                                       Discounting
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Asvini Fisheries Pvt Ltd               ST Bk Fac         CRISIL A2+    60     Reaffirmed
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Bang Data Forms Pvt Ltd                BG                CRISIL A2     7      Reaffirmed
Bang Data Forms Pvt Ltd                LOC               CRISIL A2     50     Reaffirmed
Bhairav Impex                          Packing Credit    CRISIL A4     15     Reaffirmed
(Issuer Not Cooperating)
Ceigall India Ltd                      BG                CRISIL A2     2230   -
(Upgraded from 'CRISIL A3+')
Ceigall India Ltd                      Proposed BG       CRISIL A2     117.2  -
(Upgraded from 'CRISIL A3+')
City Pride Buildcon Pvt Ltd            BG                CRISIL A4     114.1  Reaffirmed
(Issuer Not Cooperating)
City Pride Buildcon Pvt Ltd            Overdraft         CRISIL A4     12.5   Reaffirmed
(Issuer Not Cooperating)
Diamond Construction Company - Kaithal BG                CRISIL A3     240    Reaffirmed
Durga Polyflex Industries              BG                CRISIL A4     25.5   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Eastern Petroleum Pvt Ltd              BG                CRISIL A4     5      Withdrawn
(Issuer Not Cooperating)
Eastern Petroleum Pvt Ltd              CC                CRISIL A4     65     Withdrawn
(Issuer Not Cooperating)
Eastern Petroleum Pvt Ltd              LOC               CRISIL A4     120    Withdrawn
(Issuer Not Cooperating)
Eastern Petroleum Pvt Ltd              Proposed FB Bk    CRISIL A4     10     Withdrawn
                                       Limits
(Issuer Not Cooperating)
Hussain Sheth and Sons (Shipbreakers)  Proposed CC Limit CRISIL A4     50     Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Hussain Sheth and Sons (Shipbreakers)  Proposed LOC      CRISIL A4     400    Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Hussain Sheth and Sons (Shipbreakers)  Proposed LT Bk    CRISIL A4     30     Withdrawn
Pvt Ltd                                Loan Fac
(Issuer Not Cooperating)
Jainco Enterprises Pvt Ltd             BG                CRISIL A4     50
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Jainco Enterprises Pvt Ltd             Proposed BG       CRISIL A4     75
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Jyoti Cotspin Pvt Ltd                  LOC               CRISIL A4+    50     Reaffirmed
Keshava Medi Devices Pvt Ltd           BG                CRISIL A4     2.5    Reaffirmed
(Issuer Not Cooperating)
Keshava Medi Devices Pvt Ltd           LOC               CRISIL A4     7.5    Reaffirmed
(Issuer Not Cooperating)
Kundan Castings Pvt Ltd                LOC               CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Laxmi Garments                         Bill Discounting  CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
Nuvoco Vistas Corporation Ltd          LOC & BG*         CRISIL A1+    1200   Reaffirmed
(*Full interchangeable with bank guarantee and letter of credit)
Nuvoco Vistas Corporation Ltd          CP                CRISIL A1+    5000   Reaffirmed
Ocean Wealth Exports                   Foreign Bill      CRISIL A4+    65     Reaffirmed
                                       Discounting
Ocean Wealth Exports                   Packing Credit    CRISIL A4+    60     Reaffirmed
PAS Trading House                      Foreign Exchange  CRISIL A4     6      Assigned
                                       Forward
PAS Trading House                      Overdraft         CRISIL A4     75     Assigned
R. G. Industries                       BG                CRISIL A4     60     Reaffirmed
(Issuer Not Cooperating)
R. S. Contractors                      BG                CRISIL A4     230    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Ramelex Pvt Ltd                        LOC & BG          CRISIL A4     90     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Ravinder Kumar Vijay Kumar             LOC               CRISIL A4     100    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Real Innerspring Technologies Pvt Ltd  LOC & BG          CRISIL A4+    12.5   Reaffirmed
Roland Ceramic                         BG                CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Rupal Plastics Pvt Ltd                 BG                CRISIL A4     5      Reaffirmed
(Issuer Not Cooperating)
Rupal Plastics Pvt Ltd                 LOC               CRISIL A4     87.5   Reaffirmed
(Issuer Not Cooperating)
Salasar Plywood Pvt Ltd                LOC               CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)

Salem Automech - Salem                 BG                CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
Salem Automech - Salem                 LOC               CRISIL A4     8      Reaffirmed
(Issuer Not Cooperating)
Sankar Marine Aquarium Pvt Ltd         BG                CRISIL A4     3      Reaffirmed
(Issuer Not Cooperating)
Saurashtra Alloy Steel Distributors    Bill Discounting  CRISIL A4     300    Reaffirmed
                                       under LOC
(Issuer Not Cooperating)
Shivji Singla and Sons                 BG                CRISIL A4     5.6    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Shivji Singla and Sons                 Overdraft         CRISIL A4     35     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Shree Shanti Polysacks Pvt Ltd         BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Shree Shanti Polysacks Pvt Ltd         LOC               CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Shree Vasavi Exports                   Export Packing    CRISIL A4     30     Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Sidhaant Life Sciences Pvt Ltd         BG                CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sidhaant Life Sciences Pvt Ltd         Packing Credit    CRISIL A4     100    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sidhaant Life Sciences Pvt Ltd         Proposed ST Bk    CRISIL A4     30     -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sikkim Organics                        BG                CRISIL A4     30.9   Reaffirmed
(Issuer Not Cooperating)
SMPL Life Sciences Pvt Ltd             BG                CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Srico Projects Pvt Ltd                 BG                CRISIL A4+    50     Reaffirmed
Standard Glass Lining Technology Pvt Ltd LOC             CRISIL A3+    20     Assigned
Standard Glass Lining Technology Pvt Ltd BG              CRISIL A3+    20     Assigned
Subhodaya Chemicals Pvt Ltd            LOC               CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Supreme Music (India) Pvt Ltd          BG                CRISIL A4     25     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Supreme Music (India) Pvt Ltd          Proposed BG       CRISIL A4     45     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Supreme Polyweave Pvt Ltd              LOC               CRISIL A2     50     Reaffirmed
Svatantra Microfin Pvt Ltd             ST Debt Issue     CRISIL A1+    1000   Reaffirmed
The Highland Produce Co.Ltd            BG                CRISIL A4     17.5   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Tulsun Resources Ltd                   LOC               CRISIL A4     150    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Tulsun Resources Ltd                   Proposed ST Bk    CRISIL A4     100    -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Vijeta Broking India Pvt Ltd           BG                CRISIL A4     270    Withdrawn
(Issuer Not Cooperating)
Vijeta Broking India Pvt Ltd           Overdraft         CRISIL A4     50     Withdrawn
(Issuer Not Cooperating)
Visa Engineering Products (India) Pvt  LOC               CRISIL A2     20     Reaffirmed
Ltd
Weavetex Overseas                      Packing Credit    CRISIL A2+    340    Reaffirmed
 
 
LONG TERM RATINGS:
-------------------
3D Technopack Pvt Ltd                  CC                CRISIL        130    Reaffirmed
                                                         BB+/Stable
3D Technopack Pvt Ltd                  LT Loan           CRISIL        200    Assigned
                                                         BB+/Stable
Akruthi Apparrel                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anant Venkatesh Construction LLP       Rupee TL          CRISIL        150    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Annai Infra Developers Ltd             CC                CRISIL        608.2  Reaffirmed
                                                         B/Stable
Annai Infra Developers Ltd             Proposed CC Limit CRISIL        510    Assigned
                                                         B/Stable
Asvini Fisheries Pvt Ltd               BG                CRISIL        90     Reaffirmed
                                                         A-/Stable
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Asvini Fisheries Pvt Ltd               WC Fac            CRISIL        400    Reaffirmed
                                                         A-/Stable
(Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed)
Balaji Contracting Company Pvt Ltd     BG                -             70     Withdrawn
(Issuer Not Cooperating)
Bang Data Forms Pvt Ltd                CC                CRISIL        220    Reaffirmed
                                                         BBB+/Stable
Bang Data Forms Pvt Ltd                Proposed LT Bk    CRISIL        73     Assigned
                                       Loan Fac          BBB+/Stable
Bhairav Impex                          Foreign Bill      CRISIL        40     Reaffirmed
                                       Discounting       B/Stable
(Issuer Not Cooperating)
Bhoomi Textiles                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
BMW Iron and Steel Industries Ltd      LT Loan           -             345    Withdrawn
Brijraj Agro Products Pvt Ltd          CC                CRISIL        34     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Brijraj Agro Products Pvt Ltd          TL                CRISIL        27     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Castle Ships Pvt Ltd                   LT Loan           CRISIL        1140   -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Castle Ships Pvt Ltd                   TL                CRISIL        233.4  -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Ceigall India Ltd                      CC                CRISIL        42.8   -
                                                         BBB+/Stable
(Upgraded from 'CRISIL BBB/Stable')
Cerium Systems Pvt Ltd                 CC                CRISIL        140    -
                                                         BBB+/Stable
(Upgraded from 'CRISIL BBB-'; Removed from 'Rating Watch with Positive implications')
Cerium Systems Pvt Ltd                 Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          BBB+/Stable
(Upgraded from 'CRISIL BBB-'; Removed from 'Rating Watch with Positive implications')
City Pride Buildcon Pvt Ltd            Proposed LT Bk    CRISIL        2.2    Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
City Pride Buildcon Pvt Ltd            TL                CRISIL        6.2    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Diamond Construction Company - Kaithal CC                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
Driplex Water Engineering Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Durga Polyflex Industries              CC                CRISIL        55     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Durga Polyflex Industries              LT Loan           CRISIL        9.3    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Durga Polyflex Industries              Proposed LT Bk    CRISIL        60.2   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Elkosta Security Systems India         CC                -             70     Withdrawn
Elkosta Security Systems India         LOC & BG          -             80.6   Withdrawn
Elkosta Security Systems India         Overdraft         -             59.4   Withdrawn
ESSI Integrated Technologies Pvt Ltd   BG                -             50     Withdrawn
ESSI Integrated Technologies Pvt Ltd   CC                -             100    Withdrawn
Fabrico India Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Globe Steels Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gokul Mamra Pvt Ltd                    CC                CRISIL        80     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Gokul Mamra Pvt Ltd                    Proposed LT Bk    CRISIL        2      -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Gopimal Kaur Sain Industries Pvt Ltd   LT Loan           CRISIL D      280    Reaffirmed
(Issuer Not Cooperating)
Gopinath Chem-Tech Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
High Range Coffee Curring Pvt Ltd      CC                CRISIL        72.5   Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
High Range Coffee Curring Pvt Ltd      LT Loan           CRISIL        14.5   Assigned
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Holy Green Energy Pvt Ltd              CC                CRISIL        40     Withdrawn
                                                         BB/Stable
Holy Green Energy Pvt Ltd              TL                CRISIL        35.1   Withdrawn
                                                         BB/Stable
ICloud Homes Pvt Ltd                   LT Loan           CRISIL        100    Reaffirmed
                                                         BB-/Stable
Jayem Warehousing Pvt Ltd              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jyoti Cotspin Pvt Ltd                  CC                CRISIL        40     Reaffirmed
                                                         BB+/Stable
Jyoti Cotspin Pvt Ltd                  TL                CRISIL        70     Reaffirmed
                                                         BB+/Stable
Keshava Medi Devices Pvt Ltd           CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Keshava Medi Devices Pvt Ltd           LT Loan           CRISIL        13.6   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kundan Castings Pvt Ltd                CC                CRISIL        80     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Kundan Castings Pvt Ltd                Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Laxmi Garments                         Export Packing    CRISIL        60     Reaffirmed
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Laxmi Garments                         Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Navanaami Projects Pvt Ltd             LT Loan           CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Nuvoco Vistas Corporation Ltd          CC & WC demand    CRISIL        5050   Reaffirmed
                                       loan^@#           AA/Negative
(^Interchangeable with bank guarantee/letter of credit.
@Limits interchangeable with bank guarantee/letter of credits up to Rs 50 crore. 
#Interchangeable towards Letter of Credit upto Rs.50 crore) 
Nuvoco Vistas Corporation Ltd          TL                CRISIL        23450  Reaffirmed
                                                         AA/Negative
Nuvoco Vistas Corporation Ltd          WC Demand Loan$## CRISIL        1250   Reaffirmed
                                                         AA/Negative
($Interchangeble towards Bank Guarantee upto Rs.30 crore. 
##Interchangeable with Bank guarantee)
Nuvoco Vistas Corporation Ltd          NCD               CRISIL        30000  Reaffirmed
                                                         AA/Negative
Nuvoco Vistas Corporation Ltd          NCD               CRISIL        3500   Reaffirmed
                                                         AA/Negative
Nuvoco Vistas Corporation Ltd          NCD               CRISIL        6000   Reaffirmed
                                                         AA-/Negative
Ocean Wealth Exports                   CC                CRISIL        5      -
                                                         BB-/Stable
(Downgraded from 'CRISIL BB/Stable')
PAS Trading House                      CC                CRISIL        120    Reaffirmed
                                                         B+/Stable
PAS Trading House                      Proposed FB Bk    CRISIL        25     Reaffirmed
                                       Limits            B+/Stable
PAS Trading House                      LT Bk Fac         CRISIL        9      Reaffirmed
                                                         B+/Stable
PAS Trading House                      Loan Against      CRISIL        80     Reaffirmed
                                       Property          B+/Stable
Porus Laboratories Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prragathi Steel Castings Pvt Ltd       CC                CRISIL        75     Reaffirmed
                                                         BB-/Stable
Prragathi Steel Castings Pvt Ltd       TL                CRISIL        40     Reaffirmed
                                                         BB-/Stable
R. G. Industries                       CC                CRISIL        170    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
R. G. Industries                       Proposed LT Bk    CRISIL        220    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
R. S. Contractors                      CC                CRISIL        100    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
R. Senguttuvan                         Proposed LT Bk    CRISIL        100    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
R. Senguttuvan                         TL                CRISIL        200    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
R.K. Cotton & Ginning Industries       CC                CRISIL B/Stable 60   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
R.K. Cotton & Ginning Industries       Proposed CC Limit CRISIL B/Stable 10   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
R.K. Cotton & Ginning Industries       Proposed LT Bk    CRISIL B/Stable 19.5 -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
R.K. Cotton & Ginning Industries       TL                CRISIL B/Stable 10.5 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Ragam Metal Products Pvt Ltd           CC                CRISIL        50     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Ragam Metal Products Pvt Ltd           Proposed WC Fac   CRISIL        87.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Ragam Metal Products Pvt Ltd           TL                CRISIL        12.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Raj Exports                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rajesh Steel and Wire Industries       CC                CRISIL        100    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Ramelex Pvt Ltd                        CC                CRISIL        80     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Ramelex Pvt Ltd                        Proposed TL       CRISIL        100    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rapid Transpay Pvt Ltd                 CC                CRISIL        10     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rapid Transpay Pvt Ltd                 TL                CRISIL        70     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Raunaq Steels Trading Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ravinder Kumar Vijay Kumar             CC                CRISIL        40     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Real Innerspring Technologies Pvt Ltd  CC                CRISIL        50     Reaffirmed
                                                         BB/Stable
Real Innerspring Technologies Pvt Ltd  Proposed LT Bk    CRISIL        17.5   Reaffirmed
                                       Loan Fac          BB/Stable
Real Innerspring Technologies Pvt Ltd  TL                CRISIL        30     Reaffirmed
                                                         BB/Stable
Rockwell Minerals and Metals Pvt Ltd   CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Rohit Enterprises - Pune               CC                CRISIL B/Stable 60     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Roland Ceramic                         CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Roland Ceramic                         Proposed LT Bk    CRISIL        62.2   Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Roland Ceramic                         TL                CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Royal Petrochem                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rupal Plastics Pvt Ltd                 CC                CRISIL        57.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rupal Plastics Pvt Ltd                 Overdraft         CRISIL        2.5    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rupal Plastics Pvt Ltd                 Proposed LT Bk    CRISIL        7.5    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
S K Bikes Pvt Ltd                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S.M.Edibles Pvt Ltd                    CC                CRISIL        200    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
S.M.P.Exim Pvt Ltd                     CC                CRISIL B/Stable 50   -
 (Issuer Not Cooperating)
S.M.P.Exim Pvt Ltd                     Proposed LT Bk    CRISIL B/Stable 15   -
 (Issuer Not Cooperating)
Sahaj Finvest Pvt Ltd                  CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sai Agro Industries - Basmatnagar      CC                CRISIL B/Stable 50   -
 (Issuer Not Cooperating)
Sai Agro Industries - Basmatnagar      Proposed CC Limit CRISIL B/Stable 50   -
 (Issuer Not Cooperating)
Saivenkata Nirmiti Pvt Ltd             Rupee TL          CRISIL        96     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Salasar Plywood Pvt Ltd                CC                CRISIL        5      -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Salem Automech - Salem                 CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sankar Marine Aquarium Pvt Ltd         CC                CRISIL        15     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sankar Marine Aquarium Pvt Ltd         Proposed TL       CRISIL        75     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sathi Agricultural Multi Himghar Pvt LtProposed FB Bk    CRISIL        70     Reaffirmed
                                       Limits            B-/Stable
(Issuer Not Cooperating)
Scintillating Jewellery                Export Packing    -             108    Withdrawn
                                       Credit
Scintillating Jewellery                Proposed LT Bk    -             200    Withdrawn
                                       Loan Fac
Scintillating Jewellery                Post Shipment     -             162    Withdrawn
                                       Credit
Scintillating Jewellery                Export Packing    CRISIL        150    -
                                       Credit            BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
Scintillating Jewellery                Post Shipment     CRISIL        180    -
                                       Credit            BB/Stable
(Downgraded from 'CRISIL BB+/Stable')
SEE Linkages Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shah Virchand Govanji Jewellers Pvt LtdCC                CRISIL        700    -
                                                         BBB/Stable
(Downgraded from 'CRISIL BBB+/Negative')
Shalak Eatable Products Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shalimar Overseas Pvt Ltd              CC                CRISIL B/Stable 7.5  Reaffirmed
(Issuer Not Cooperating)
Shalimar Overseas Pvt Ltd              Proposed CC Limit CRISIL B/Stable 14.6 Reaffirmed
(Issuer Not Cooperating)
Shalimar Overseas Pvt Ltd              Proposed TL       CRISIL B/Stable 85.4 Reaffirmed
(Issuer Not Cooperating)
Shalimar Overseas Pvt Ltd              TL                CRISIL B/Stable 22.5 Reaffirmed
(Issuer Not Cooperating)
Shivji Singla and Sons                 CC                CRISIL        20     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shivji Singla and Sons                 TL                CRISIL        4.4    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Agro Fresh Ulo Cold Storage      Proposed LT Bk    CRISIL D      2.5    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Shree Agro Fresh Ulo Cold Storage      TL                CRISIL D      87.5   Reaffirmed
(Issuer Not Cooperating)
Shree Maha Luxmi Bricks Co.            CC                CRISIL B/Stable 40   Reaffirmed
(Issuer Not Cooperating)
Shree Maha Luxmi Bricks Co.            LT Loan           CRISIL B/Stable 80   Reaffirmed
(Issuer Not Cooperating)
Shree Maha Luxmi Bricks Co.            Proposed FB Bk    CRISIL B/Stable 30   Reaffirmed
                                       Limits
(Issuer Not Cooperating)
Shree Radhey Radhey Ispat Pvt Ltd      CC                CRISIL        228    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Radhey Radhey Ispat Pvt Ltd      LT Loan           CRISIL        115    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Radhey Radhey Ispat Pvt Ltd      Proposed LT Bk    CRISIL        7      -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Shanti Polysacks Pvt Ltd         CC                CRISIL        30     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Shanti Polysacks Pvt Ltd         Proposed LT Bk    CRISIL        30     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Siddhivinayak Sales Corporation  CC                CRISIL        100    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Shree Vasavi Exports                   CC                CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Shree Vasavi Exports                   Foreign Bill      CRISIL        10     Reaffirmed
                                       Purchase          B/Stable
(Issuer Not Cooperating)
Shree Vasavi Exports                   Key CC            CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Shri Mahalaxmi Industries - Jodhpur    CC                CRISIL B/Stable 55   Reaffirmed
(Issuer Not Cooperating)
Shubham Cotton Mills Pvt Ltd           CC                CRISIL        175    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Shubham Cotton Mills Pvt Ltd           TL                CRISIL        5      Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Siddhartha Super Spinning Mills Ltd    CC                CRISIL        100    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Siddhartha Super Spinning Mills Ltd    LT Loan           CRISIL        200    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sidhaant Life Sciences Pvt Ltd         Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Sikkim Organics                        CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sikkim Organics                        Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Singh Cycle & Motor Co.                CC                CRISIL D      37.5   Reaffirmed
(Issuer Not Cooperating)
Singh Cycle & Motor Co.                Inventory Funding CRISIL D      42.5   Reaffirmed
                                       Fac
(Issuer Not Cooperating)
Singh Cycle & Motor Co.                TL                CRISIL D      35     Reaffirmed
(Issuer Not Cooperating)
SMPL Life Sciences Pvt Ltd             CC                CRISIL        75     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sri Balaji Paraboiled Rice Mills Pvt Ltd CC              CRISIL        22.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sri Balaji Paraboiled Rice Mills Pvt Ltd Proposed LT Bk  CRISIL        62.5   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Sri Karunamaye Beverages Pvt Ltd       LT Loan           CRISIL        20     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Sri Karunamaye Beverages Pvt Ltd       Proposed LT Bk    CRISIL        50     Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
Sri Sakthi Educational Trust           LT Loan           CRISIL        70     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Sri Sakthi Educational Trust           Overdraft         CRISIL        15     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Sri Sakthi Educational Trust           Proposed LT Bk    CRISIL        15     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Srico Projects Pvt Ltd                 CC                CRISIL        60     Reaffirmed
                                                         BB-/Stable
Standard Glass Lining Technology Pvt Ltd Proposed LT Bk  CRISIL        10     Assigned
                                       Loan Fac          BBB/Stable
Standard Glass Lining Technology Pvt Ltd CC              CRISIL        100    Assigned
                                                         BBB/Stable
Stericon Pharma Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Subhodaya Chemicals Pvt Ltd            CC                CRISIL        50     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Sun Ark Aluminium Industries Pvt Ltd   CC                CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Sun Ark Aluminium Industries Pvt Ltd   LOC               CRISIL D      90     Reaffirmed
(Issuer Not Cooperating)
Supreme Music (India) Pvt Ltd          CC                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Supreme Music (India) Pvt Ltd          Proposed CC Limit CRISIL        50     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Supreme Polyweave Pvt Ltd              CC                CRISIL        20     Reaffirmed
                                                         BBB+/Stable
Supreme Polyweave Pvt Ltd              Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          BBB+/Stable
Svatantra Microfin Pvt Ltd             Proposed LT Bk    CRISIL        1720   Reaffirmed
                                       Loan Fac          A+/Stable
Svatantra Microfin Pvt Ltd             TL                CRISIL        13280  Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        3000   Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        750    Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             Subordinated Debt CRISIL        200    Reaffirmed
                                                         A+/Stable
Swarup Castings Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tamilnadu State Transport Corporation  CC                CRISIL        130    -
(Madurai) Ltd                                            B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Tara investments Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
The Highland Produce Co.Ltd            CC                CRISIL B/Stable 69.1 -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
The Highland Produce Co.Ltd            LT Loan           CRISIL B/Stable 40   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Tosoh India Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tulsun Resources Ltd                   CC                CRISIL        50     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Tulsun Resources Ltd                   Proposed LT Bk    CRISIL        67.8   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Unicorn Petroleum Industries Pvt Ltd   BG                CRISIL        5      Withdrawn
                                                         BB-/Stable
(Issuer Not Cooperating)
Unicorn Petroleum Industries Pvt Ltd   CC                CRISIL        80     Withdrawn
                                                         BB-/Stable
(Issuer Not Cooperating)
Unicorn Petroleum Industries Pvt Ltd   LOC               CRISIL        120    Withdrawn
                                                         BB-/Stable
(Issuer Not Cooperating)
Unicorn Petroleum Industries Pvt Ltd   Packing Credit    CRISIL        5      Withdrawn
                                                         BB-/Stable
(Issuer Not Cooperating)
Varsha Super Stockist India Pvt Ltd    CC                -             55     Withdrawn
(Issuer Not Cooperating)
Varsha Super Stockist India Pvt Ltd    CC                CRISIL        90     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Verene Packaging LLP                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Visa Engineering Products (India) Pvt  CC                CRISIL        50     Reaffirmed
Ltd                                                      BBB+/Stable
Visa Engineering Products (India) Pvt  Proposed FB Bk    CRISIL        90     Reaffirmed
Ltd                                    Limits            BBB+/Stable
Visa Engineering Products (India) Pvt  TL                CRISIL        144    Reaffirmed
Ltd                                                      BBB+/Stable
VR Patil Vividh Vidyuth Nirman Pvt Ltd Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Weavetex Overseas                      Packing Credit    -             210    Withdrawn
Weavetex Overseas                      Proposed FB Bk    CRISIL        65     Assigned
                                       Limits            A-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
--------------------------------------------------------------------------------------------
$: 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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