August 22, 2017 / 9:23 AM / in 3 months

CRISIL ratings for Indian debt instruments-Aug 22

   Aug 22 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 21, 2017.
 
    
COMPANY                                 INSTRUMENT         RATING        AMOUNT   MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Afflatus Gravures Pvt Ltd               Proposed LOC & BG  CRISIL A3+     75      Downgraded
                                                                                  from CRISIL
                                                                                  A2
Ajanta Soya Ltd                         BG^                CRISIL A3      20      Reaffirmed
^ One-way fully changeable to LC limit
Alfara`a Infraprojects Pvt Ltd          BG                 CRISIL D       4195    Downgraded
                                                                                  from CRISIL
                                                                                  A4
Alfara`a Infraprojects Pvt Ltd          LOC                CRISIL D       1400    Downgraded
                                                                                  from CRISIL
                                                                                  A4
Ajanta Soya Ltd                         Foreign Exchange   CRISIL A3      100     Reaffirmed
                                        Forward**
** Notional forward contract exposure being Rs 300 crore based on documentary evidence method 
Alfa Transformers Ltd                   BG                 CRISIL A4      64.6    Reaffirmed
Alfa Transformers Ltd                   Foreign Exchange   CRISIL A4      0.6     Reaffirmed
                                        Forward
Alfa Transformers Ltd                   LOC                CRISIL A4      52.5    Reaffirmed
Ambootia Tea Exports Pvt Ltd            BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ambootia Tea Exports Pvt Ltd            Credit Limit Under CRISIL A4      100     Downgraded
                                        Gold Card                                 from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ambootia Tea Exports Pvt Ltd            Foreign Bill       CRISIL A4      150     Downgraded
                                        Purchase                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Ambootia Tea Exports Pvt Ltd            Packing Credit     CRISIL A4      650     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Amrit Trading Company                   Foreign LOC        CRISIL A4      100     Reaffirmed
Anish Pharma Equip Pvt Ltd              BG                 CRISIL A4+     50      Assigned
Associated Biotech                      LOC#               CRISIL A4+     87      Reaffirmed
# Includes bank guarantee limit of Rs.10.0 million
Bang Data Forms Pvt Ltd                 LOC                CRISIL A2      90      Reaffirmed
Bayer Bioscience Pvt Ltd                Non-FBL#           CRISIL A1+     4.2     Reaffirmed
# Comprises letter of credit and bank guarantee (fully interchangeable)
Bhurji Super-tek Industries Ltd         BG                 CRISIL D       5       Downgraded
                                                                                  from CRISIL
                                                                                  A4
Bhurji Super-tek Industries Ltd         LOC                CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  A4
Broadcast Engineering Consultants India BG                 CRISIL A4      250     Downgraded
Ltd                                                                               from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Scorodite Stainless India Pvt Ltd       BG                 CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  A4
Issuer Not Cooperating
Scorodite Stainless India Pvt Ltd       LOC                CRISIL D       90      Downgraded
                                                                                  from CRISIL
                                                                                  A4
Issuer Not Cooperating
Broadcast Engineering Consultants India LOC                CRISIL A4      600     Downgraded
Ltd                                                                               from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Broadcast Engineering Consultants India Proposed ST Bk     CRISIL A4      775     Downgraded
Ltd                                     Loan Fac                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Chaudhary Construction Company Pvt Ltd  BG                 CRISIL A4      53      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Delta Paper Mills Ltd                   BG                 CRISIL A4      35      Reaffirmed
Delta Paper Mills Ltd                   LOC                CRISIL A4      65      Reaffirmed
Delta Paper Mills Ltd                   Overdraft          CRISIL A4      80      Reaffirmed
Dembla Valves Ltd                       BG                 CRISIL A4+     60      Reaffirmed
Dembla Valves Ltd                       Inland/Import LOC  CRISIL A4+     80      Reaffirmed
Dembla Valves Ltd                       Packing Credit     CRISIL A4+     135     Reaffirmed
Deutsche Bank A. G.                     CDs                CRISIL A1+     20000   Reaffirmed
Drish Shoes Ltd                         Bill Discounting   CRISIL A3      100     Reaffirmed
Drish Shoes Ltd                         Export Packing     CRISIL A3      716.6   Reaffirmed
                                        Credit
Drish Shoes Ltd                         LOC & BG           CRISIL A3      140     Reaffirmed
Eastern Condiments Pvt Ltd              BG                 CRISIL A1      25      Reaffirmed
Eastern Condiments Pvt Ltd              ST Loan            CRISIL A1      1875    Reaffirmed
Frontier Springs Ltd                    BG                 CRISIL A4+     30      Reaffirmed
Frontier Springs Ltd                    LOC                CRISIL A4+     30      Reaffirmed
Greensol Renewable Power Pvt Ltd        LOC                CRISIL A4+     32.5    Assigned
Greensol Renewable Power Pvt Ltd        BG                 CRISIL A4+     40      Assigned
Happy Forgings Ltd                      BG                 CRISIL A2      10      Upgraded from
                                                                                  CRISIL A3+
Happy Forgings Ltd                      LOC                CRISIL A2      300     Upgraded from
                                                                                  CRISIL A3+
Himalayan Road Construction Pvt Ltd     Letter Of GuaranteeCRISIL A4+     120     Reaffirmed
Hindustan Pencils Pvt Ltd               BG                 CRISIL A2+     8.8     Reaffirmed
Hindustan Pencils Pvt Ltd               Composite WC Limit*CRISIL A2+     623.7   Reaffirmed
* interchangeable with CC/WCDL/PC/PS/FBD/BD/LC/BC
Hindustan Pencils Pvt Ltd               Composite WC Limit^CRISIL A2+     365.7   Reaffirmed
^ interchangeable with CC/PCFC/WCDL/BC/EBD/FLC/BN/FBD
Hindustan Pencils Pvt Ltd               Composite WC Limit@CRISIL A2+     381.5   Reaffirmed
@interchangeable with CC/WCDL/BC/LC/short term loan
Hindustan Pencils Pvt Ltd               Composite WC Limit$CRISIL A2+     339.2   Reaffirmed
$ interchangeable with LC/BC/OD/PCFC/PSFC/EBP/EBN/EBD/PBD/SBD
Hindustan Pencils Pvt Ltd               LOC#               CRISIL A2+     15      Reaffirmed
# interchangeable with Buyers Credit

Hindustan Tyre Company (Prop. Hindustan BG                 CRISIL A3+     5       Reaffirmed
Cycle and Tubes Pvt Ltd)
Hindustan Tyre Company (Prop. Hindustan LOC                CRISIL A3+     40      Reaffirmed
Cycle and Tubes Pvt Ltd)
IDBI Bank Ltd                           CD Programme       CRISIL A1+     400000  Reaffirmed
Industrial Associates                   BG                 CRISIL A4      32.5    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
ISR Infra Pvt Ltd                       BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
ITP Electronics Pvt Ltd                 BG*                CRISIL A4      30      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
*Interchangable with letter of credit
Jain Timber Co Pvt Ltd                  LOC*               CRISIL A4      60      Reaffirmed
* Includes Bank Guarantee as a sublimit to the extent of Rs.25 Million. Issuer Not Cooperating
Ktech Engineer Builders Company Pvt Ltd BG                 CRISIL A4      300     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Lift and Shift India Pvt Ltd            BG                 CRISIL A4+     220     Reaffirmed
Maha Maruti Logistics Pvt Ltd           BG                 CRISIL A4      70      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Maruti Inox (India) Pvt Ltd             BG                 CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Modulus Cosmetics                       Bill Discounting   CRISIL A4      30      Downgraded
                                        under LOC                                 from CRISIL
                                                                                  A4+
Montage Enterprises Pvt Ltd             LOC & BG           CRISIL A2      980     Downgraded
                                                                                  from CRISIL
                                                                                  A2+
Narula Build Well Pvt Ltd               BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Narula Exports                          BG                 CRISIL A4      32      Reaffirmed
Narula Exports                          LOC & BG           CRISIL A4      16.5    Reaffirmed
Narula Exports                          Packing Credit in  CRISIL A4      16.5    Reaffirmed
                                        Foreign Currency
Omsun Power Pvt Ltd                     Inland/Import LOC  CRISIL A4      90      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Padhas Hydel Projects Pvt Ltd           BG                 CRISIL A4      16      Reaffirmed
Paradigm Tunneling Pvt Ltd              BG                 CRISIL A4      80      Reaffirmed
Paradigm Tunneling Pvt Ltd              LOC                CRISIL A4      30      Reaffirmed
Ramana Safety and Systems (India) Pvt   BG                 CRISIL A4      120     Downgraded
Ltd                                                                               from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Royal Exports - Surat                   Packing Credit     CRISIL A4      100     Assigned
Rukshmani Syntex Pvt Ltd                BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Shivam Construction Co.                 BG                 CRISIL A4      40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Shivam Construction Co.                 Proposed BG        CRISIL A4      10      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Shreegen Pharma Ltd                     BG                 CRISIL A4      5       Reaffirmed
Shreegen Pharma Ltd                     LOC                CRISIL A4      45      Reaffirmed
Special Engineering Services Ltd        LOC & BG           CRISIL A4+     100     Reaffirmed
Sri Bhavani Traders                     BG                 CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Sri Lakshmi Prabha Engineering          BG                 CRISIL A4      50      Reaffirmed
Industries Pvt Ltd
Issuer Not Cooperating
Supreme Polyweave Pvt Ltd               LOC                CRISIL A2      50      Reaffirmed
Supreme Polyweave Pvt Ltd               Pre Shipment Fac   CRISIL A2      30      Reaffirmed
Suyash Metatech Pvt Ltd                 Foreign LOC        CRISIL A4      11.6    Reaffirmed
TD Power Systems Ltd                    BG                 CRISIL A1      1080    Reaffirmed
TD Power Systems Ltd                    BG$                CRISIL A1      150     Reaffirmed
$ Fully interchangeable with letter of credit
TD Power Systems Ltd                    LOC                CRISIL A1      480     Reaffirmed
Tirumala Automotives                    BG                 CRISIL A4      31.5    Assigned
Transport Corporation of India Ltd      BG                 CRISIL A1+     320     Reaffirmed
U.K.Textiles                            Bill Discounting   CRISIL A4+     100     Reaffirmed
U.K.Textiles                            Proposed Packing   CRISIL A4+     23.6    Assigned
                                        Credit
U.K.Textiles                            Packing Credit     CRISIL A4+     110     Assigned
Uniply Industries Ltd                   Proposed ST Bk     CRISIL A3      400     Reaffirmed
                                        Loan Fac
V K R Projects Pvt Ltd                  Proposed BG        CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
V. S. Matrix Pvt Ltd                    Proposed LOC       CRISIL A4      25      Reaffirmed
Vector Projects India Pvt Ltd           LOC & BG           CRISIL A3      100     Reaffirmed
Vikas Sanitary Wares                    BG                 CRISIL A4      10      Reaffirmed
Y.S.R.Spinning and Weaving Mills Pvt LtdLOC                CRISIL A4      15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating

MEDIUM TERM RATINGS:
-------------------
IDBI Bank Ltd                           FD Programme       FAA                    Reaffirmed

LONG TERM RATINGS:
-------------------
A to Z Logistics Ltd                    CC                 CRISIL B       300     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Afflatus Gravures Pvt Ltd               LT Loan            CRISIL BBB     650     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Afflatus Gravures Pvt Ltd               Proposed TL        CRISIL BBB     100     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
AI Cotton Industries                    CC                 CRISIL B       140     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Aishwarya Vignan Educational Society    Overdraft          CRISIL BB      50      Reaffirmed
Aishwarya Vignan Educational Society    Proposed LT Bk     CRISIL BB      50      Reaffirmed
                                        Loan Fac
Ajanta Soya Ltd                         CC*                CRISIL BBB-    350     Reaffirmed
* One-way changeable to letter of credit (LC) limit up to Rs 20 crore
Alfa Transformers Ltd                   CC                 CRISIL B+      100.4   Reaffirmed
Alfa Transformers Ltd                   Proposed LT Bk     CRISIL B+      26.9    Reaffirmed
                                        Loan Fac
Alfara`a Infraprojects Pvt Ltd          CC                 CRISIL D       1380    Downgraded
                                                                                  from CRISIL B
Alfara`a Infraprojects Pvt Ltd          Proposed LT Bk     CRISIL D       5.9     Downgraded
                                        Loan Fac                                  from CRISIL B
Alfara`a Infraprojects Pvt Ltd          TL                 CRISIL D       100     Downgraded
                                                                                  from CRISIL B
Amrit Trading Company                   CC                 CRISIL B       25      Reaffirmed
Andhra Bank                             Tier-I Bond Issue  CRISIL AA-     9000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier-I Bond Issue  CRISIL AA-     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Perpetual Tier-I   CRISIL AA-     2000    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Andhra Bank                             Upper Tier-II      CRISIL AA-     7200    Reaffirmed
                                        Bonds (Under Basel
                                        II)
Andhra Bank                             Tier-II Bond Issue CRISIL AA+     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier-II Bond Issue CRISIL AA+     5000    Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Tier-II Bond Issue CRISIL AA+     10000   Reaffirmed
                                        (Under Basel III)
Andhra Bank                             Infrastructure     CRISIL AA+     10000   Reaffirmed
                                        Bond Issue
Anish Pharma Equip Pvt Ltd              CC                 CRISIL BB      50      Assigned
Associated Biotech                      CC                 CRISIL BB      85      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Associated Biotech                      Proposed LT Bk     CRISIL BB      13      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Balaji Motors - Rewari                  CC-Stock           CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Bang Data Forms Pvt Ltd                 CC                 CRISIL BBB+    160     Reaffirmed
Bang Data Forms Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    100     Reaffirmed
                                        Loan Fac
Bayer Bioscience Pvt Ltd                FB Fac*            CRISIL AA      255.8   Reaffirmed
*Comprises cash credit, overdraft, and short-term loans (fully interchangeable)
Bayer Pharmaceuticals Pvt Ltd           CC                 CRISIL A+      40      Reaffirmed
Bayer Vapi Pvt Ltd                      LT Bk Fac*         CRISIL AA+     50      Reaffirmed
Bayer Vapi Pvt Ltd                      LT Bk Fac          CRISIL AA+     130     Reaffirmed
Bayer Vapi Pvt Ltd                      Proposed LT Bk     CRISIL AA+     20      Reaffirmed
                                        Loan Fac
Bhurji Super-tek Industries Ltd         CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  B-
Bhurji Super-tek Industries Ltd         Proposed LT Bk     CRISIL D       23.2    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B-
Bhurji Super-tek Industries Ltd         TL                 CRISIL D       166.8   Downgraded
                                                                                  from CRISIL
                                                                                  B-
Broadcast Engineering Consultants India Overdraft          CRISIL B       300     Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Challa Chlorides Pvt Ltd                Proposed LT Bk     CRISIL B-      15.7    Assigned
                                        Loan Fac
Challa Chlorides Pvt Ltd                CC                 CRISIL B-      50      Assigned
Challa Chlorides Pvt Ltd                LT Loan            CRISIL B-      24.3    Assigned
Chaudhary Construction Company Pvt Ltd  CC                 CRISIL B       22      Downgraded
                                                                                  from CRISIL
                                                                                  BB
CVT Technology Solutions Pvt Ltd        LT Loan            CRISIL B       50      Reaffirmed
CVT Technology Solutions Pvt Ltd        Overdraft          CRISIL B       10      Reaffirmed
CVT Technology Solutions Pvt Ltd        Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
D F M Foods Ltd                         CC                 CRISIL BBB+    115     Reaffirmed
D F M Foods Ltd                         Proposed LT Bk     CRISIL BBB+    0.1     Reaffirmed
                                        Loan Fac
D F M Foods Ltd                         TL                 CRISIL BBB+    383     Reaffirmed
Delta Paper Mills Ltd                   CC                 CRISIL B       520     Upgraded from
                                                                                  CRISIL B-
Delta Paper Mills Ltd                   LT Loan            CRISIL B       380     Upgraded from
                                                                                  CRISIL B-
Dembla Valves Ltd                       CC                 CRISIL BB+     245     Upgraded from
                                                                                  CRISIL BB-
Dembla Valves Ltd                       Foreign Bill       CRISIL BB+     70.8    Upgraded from
                                        Discounting                               CRISIL BB-
Dembla Valves Ltd                       TL                 CRISIL BB+     9.2     Upgraded from
                                                                                  CRISIL BB-
Drish Shoes Ltd                         CC                 CRISIL BBB-    50      Reaffirmed
Drish Shoes Ltd                         TL                 CRISIL BBB-    143.4   Reaffirmed
Eastern Condiments Pvt Ltd              CC                 CRISIL A       500     Reaffirmed
Eastern Condiments Pvt Ltd              Packing Credit     CRISIL A       400     Reaffirmed
Eastern Condiments Pvt Ltd              Proposed LT Bk     CRISIL A       830     Reaffirmed
                                        Loan Fac
Ekta Enterprises                        Bill Discounting   CRISIL B+      40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Ekta Enterprises                        CC                 CRISIL B+      130     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Frontier Springs Ltd                    CC                 CRISIL BB+     78.1    Reaffirmed
Frontier Springs Ltd                    Proposed LT Bk     CRISIL BB+     0.5     Reaffirmed
                                        Loan Fac
Frontier Springs Ltd                    Standby Line of    CRISIL BB+     7.5     Reaffirmed
                                        Credit
Frontier Springs Ltd                    TL                 CRISIL BB+     38.7    Reaffirmed
GMR Goa International Airport Ltd       BG                 CRISIL BBB-    1000    Reaffirmed
GMR Goa International Airport Ltd       Rupee TL*          CRISIL BBB-    13300   Assigned
* Includes inter-changeable sub-limit for Letter of Credit facility for Rs.200 crore.
Golden Star Facilities and Services Pvt CC                 CRISIL B       62      Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
Golden Star Facilities and Services Pvt Proposed LT Bk     CRISIL B       18      Downgraded
Ltd                                     Loan Fac                                  from CRISIL
                                                                                  BB+
Golden Star Facilities and Services Pvt WC Demand Loan     CRISIL B       10      Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB+
Grameen Vikas Sanstha                   Proposed LT Bk     CRISIL B       20      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Greensol Renewable Power Pvt Ltd        CC                 CRISIL BB      57.5    Assigned
Gujarat Ginning and Oil Industries      CC                 CRISIL B       120     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Happy Forgings Ltd                      CC                 CRISIL BBB+    750     Upgraded from
                                                                                  CRISIL BBB
Happy Forgings Ltd                      Corporate Loan     CRISIL BBB+    245.7   Upgraded from
                                                                                  CRISIL BBB
Happy Forgings Ltd                      LT Loan            CRISIL BBB+    1366.4  Upgraded from
                                                                                  CRISIL BBB
Happy Forgings Ltd                      Proposed LT Bk     CRISIL BBB+    27.9    Upgraded from
                                        Loan Fac                                  CRISIL BBB
Himalayan Road Construction Pvt Ltd     CC                 CRISIL BB-     60      Reaffirmed
Hindustan Pencils Pvt Ltd               Buyer`s Credit     CRISIL A-      83.9    Reaffirmed
Hindustan Pencils Pvt Ltd               External           CRISIL A-      613.6   Reaffirmed
                                        Commercial
                                        Borrowings
Hindustan Pencils Pvt Ltd               Proposed LT Bk     CRISIL A-      318.6   Reaffirmed
                                        Loan Fac
Hindustan Tyre Company (Prop. Hindustan CC                 CRISIL BBB     80      Reaffirmed
Cycle and Tubes Pvt Ltd)
Hindustan Tyre Company (Prop. Hindustan Proposed LT Bk     CRISIL BBB     30      Reaffirmed
Cycle and Tubes Pvt Ltd)                Loan Fac
Hisar Steels Pvt Ltd                    CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Hisar Steels Pvt Ltd                    Proposed CC Limit  CRISIL B       21.3    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Hisar Steels Pvt Ltd                    TL                 CRISIL B       0.4     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
IDBI Bank Ltd                           Upper Tier-II BondsCRISIL A       36362   Reaffirmed
IDBI Bank Ltd                           Tier-I Perpetual   CRISIL A       27088   Reaffirmed
                                        Bonds
IDBI Bank Ltd                           Tier II Bonds      CRISIL A+      20000   Reaffirmed
                                        (Under Basel III)
IDBI Bank Ltd                           Infrastructure     CRISIL A+      20000   Reaffirmed
                                        Bonds
IDBI Bank Ltd                           Tier II Bonds      CRISIL A+      30000   Reaffirmed
                                        (Under Basel III)
IDBI Bank Ltd                           Infrastructure     CRISIL A+      80000   Reaffirmed
                                        Bonds
IDBI Bank Ltd                           Senior/Lower       CRISIL A+      50000   Reaffirmed
                                        Tier-II Bonds
IDBI Bank Ltd                           Lower Tier-II BondsCRISIL A+      90416.8 Reaffirmed
IDBI Bank Ltd                           Omni Bonds         CRISIL A+      154795  Reaffirmed
IDBI Bank Ltd                           Flexi Bonds        CRISIL A+      4659.6  Reaffirmed
IDBI Bank Ltd                           Tier-I Bond Issue  CRISIL BBB+    25000   Reaffirmed
                                        (Under Basel III)
IDBI Bank Ltd                           Tier-I Bond Issue  CRISIL BBB+    20000   Reaffirmed
                                        (Under Basel III)
Industrial Associates                   CC                 CRISIL B       117.5   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
ISR Infra Pvt Ltd                       CC                 CRISIL B       21.7    Downgraded
                                                                                  from CRISIL
                                                                                  BB
Issuer Not Cooperating
ISR Infra Pvt Ltd                       Open CC            CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB
Issuer Not Cooperating
ISR Infra Pvt Ltd                       WC TL              CRISIL B       8.3     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Issuer Not Cooperating
ITP Electronics Pvt Ltd                 CC                 CRISIL B       35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
ITP Electronics Pvt Ltd                 Proposed LT Bk     CRISIL B       35      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Jain Timber Co Pvt Ltd                  CC                 CRISIL B       32.5    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Jain Timber Co Pvt Ltd                  Proposed LT Bk     CRISIL B       7.5     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Janakirama Raw and Boiled Rice Mill     Open CC            CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
KSD Zonne Energie LLP                   LT Loan            CRISIL BB-     130     Assigned
Ktech Engineer Builders Company Pvt Ltd CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Lift and Shift India Pvt Ltd            CC                 CRISIL BB+     40      Reaffirmed
Lift and Shift India Pvt Ltd            LT Loan            CRISIL BB+     54      Reaffirmed
Maha Maruti Logistics Pvt Ltd           CC                 CRISIL B       15      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Maha Maruti Logistics Pvt Ltd           Proposed LT Bk     CRISIL B       15      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Maruti Inox (India) Pvt Ltd             CC                 CRISIL B       180     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Maruti Inox (India) Pvt Ltd             TL                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB
Modulus Cosmetics                       CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Modulus Cosmetics                       LT Bk Fac          CRISIL B       21.2    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Modulus Cosmetics                       Proposed LT Bk     CRISIL B       8.8     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Montage Enterprises Pvt Ltd             CC                 CRISIL BBB+    620     Downgraded
                                                                                  from CRISIL
                                                                                  A-
Montage Enterprises Pvt Ltd             Corporate Loan     CRISIL BBB+    1000    Downgraded
                                                                                  from CRISIL
                                                                                  A-
Montage Enterprises Pvt Ltd             TL                 CRISIL BBB+    400     Downgraded
                                                                                  from CRISIL
                                                                                  A-
Narula Build Well Pvt Ltd               CC                 CRISIL B       35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Narula Exports                          Foreign LOC        CRISIL B+      30      Reaffirmed
Narula Exports                          Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Omsun Power Pvt Ltd                     CC                 CRISIL B       55      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Omsun Power Pvt Ltd                     Proposed LT Bk     CRISIL B       105     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Oriental Textile Processing Co Pvt Ltd  CC                 CRISIL B       105     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Oriental Textile Processing Co Pvt Ltd  LT Loan            CRISIL B       225     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Padhas Hydel Projects Pvt Ltd           TL                 CRISIL B       240     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Paradigm Tunneling Pvt Ltd              CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Parker VRC Infrastructure Pvt Ltd       Rupee TL           CRISIL B       450     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Pawan Kumar Prem Kumar                  CC                 CRISIL B       80      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Priniti Foods Pvt Ltd                   CC                 CRISIL B       25      Reaffirmed
Priniti Foods Pvt Ltd                   TL                 CRISIL B       102.5   Reaffirmed
Ramana Safety and Systems (India) Pvt   CC                 CRISIL B       40      Downgraded
Ltd                                                                               from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Real Agrotech Industries                CC                 CRISIL B       40      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Real Agrotech Industries                LT Loan            CRISIL B       13.3    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Royal Foodstuffs Pvt Ltd                CC                 CRISIL B       5       Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Royal Foodstuffs Pvt Ltd                Export Packing     CRISIL B       25      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Royal Foodstuffs Pvt Ltd                LT Loan            CRISIL B       109.1   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Royal Foodstuffs Pvt Ltd                Proposed LT Bk     CRISIL B       0.9     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Rukshmani Syntex Pvt Ltd                CC                 CRISIL B       215     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Rukshmani Syntex Pvt Ltd                FCNR (B) LT Loan   CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Rukshmani Syntex Pvt Ltd                LT Loan            CRISIL B       187     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Rukshmani Syntex Pvt Ltd                Proposed TL        CRISIL B       133     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sacred Heart Convent School             TL                 CRISIL B       70      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
SalaSaar Iron and Steels Pvt Ltd        CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
SalaSaar Iron and Steels Pvt Ltd        LT Loan            CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Scorodite Stainless India Pvt Ltd       CC                 CRISIL D       230     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Scorodite Stainless India Pvt Ltd       TL                 CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Shivam Construction Co.                 CC                 CRISIL B       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Shivam Construction Co.                 Proposed CC Limit  CRISIL B       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Shivom Cotspin Ltd                      CC                 CRISIL B       75      Downgraded
                                                                                  from CRISIL
                                                                                  BB
Shivom Cotspin Ltd                      Proposed LT Bk     CRISIL B       65      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB
Shivom Cotspin Ltd                      TL                 CRISIL B       120     Downgraded
                                                                                  from CRISIL
                                                                                  BB
Shree Ganesh Cotex Pvt Ltd              CC                 CRISIL B       60      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Shree Ganesh Cotex Pvt Ltd              Proposed LT Bk     CRISIL B       68.6    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Shree Ganesh Cotex Pvt Ltd              TL                 CRISIL B       21.4    Downgraded
                                                                                  from CRISIL
                                                                                  B+
SHREE GOVARDHAN COTGIN Pvt Ltd          CC                 CRISIL B       475     Downgraded
                                                                                  from CRISIL
                                                                                  B+
SHREE GOVARDHAN COTGIN Pvt Ltd          TL                 CRISIL B       20      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Shreegen Pharma Ltd                     CC                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Shreegen Pharma Ltd                     LT Loan            CRISIL B       130     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Sonovision Enterprises                  CC                 CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB
Special Engineering Services Ltd        CC                 CRISIL BB+     50      Reaffirmed
Sri Bhavani Traders                     CC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Sri Lakshmi Prabha Engineering          CC                 CRISIL B       30      Downgraded
Industries Pvt Ltd                                                                from CRISIL
                                                                                  B+
Sri Lakshmi Prabha Engineering          Proposed LT Bk     CRISIL B       80      Downgraded
Industries Pvt Ltd                      Loan Fac                                  from CRISIL
                                                                                  B+
Stitchfab (India) Pvt Ltd               CC                 CRISIL B       80      Reaffirmed
Sukhmani Shikshan Sansthan              Proposed LT Bk     CRISIL B       134     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B+
Issuer Not Cooperating
Supreme Knowledge Foundation            Proposed LT Bk     CRISIL B       64      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Supreme Knowledge Foundation            TL                 CRISIL B       32      Upgraded from
                                                                                  CRISIL BB-
Supreme Polyweave Pvt Ltd               Proposed LT Bk     CRISIL BBB+    20      Reaffirmed
                                        Loan Fac
Suvarna Durga Agro Products Pvt Ltd     CC                 CRISIL BB      200     Assigned
Suvarna Durga Agro Products Pvt Ltd     Proposed LT Bk     CRISIL BB      50      Assigned
                                        Loan Fac
Suyash Metatech Pvt Ltd                 CC                 CRISIL B+      45      Upgraded from
                                                                                  CRISIL B
Suyash Metatech Pvt Ltd                 LT Loan            CRISIL B+      12      Upgraded from
                                                                                  CRISIL B
Suyash Metatech Pvt Ltd                 Proposed LT Bk     CRISIL B+      1.4     Upgraded from
                                        Loan Fac                                  CRISIL B
TCI Express Ltd                         BG                 CRISIL AA-     100     Upgraded from
                                                                                  CRISIL A+
TCI Express Ltd                         CC                 CRISIL AA-     600     Upgraded from
                                                                                  CRISIL A+
TCI Express Ltd                         Proposed LT Bk     CRISIL AA-     300     Upgraded from
                                        Loan Fac                                  CRISIL A+
TD Power Systems Ltd                    CC*                CRISIL A-      900     Reaffirmed
* Includes sublimit of Rs 50 crore for packing credit and Rs 5 crore for inland 
bill discounting under letter of credit.
TD Power Systems Ltd                    CC#                CRISIL A-      50      Reaffirmed
# Fully interchangeable with short-term loan
The Himanis                             TL                 CRISIL B       50      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Tiger Tanning Industries                CC                 CRISIL B       65      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Tiger Tanning Industries                Proposed FB Bk     CRISIL B       7       Downgraded
                                        Limits                                    from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Tirumala Automotives                    Proposed LT Bk     CRISIL B+      3.5     Assigned
                                        Loan Fac
Tirumala Automotives                    Open CC            CRISIL B+      115     Assigned
Tirumala Automotives                    Channel Financing  CRISIL B+      20      Assigned
Transport Corporation of India Ltd      BG                 CRISIL AA-     150     Reaffirmed
Transport Corporation of India Ltd      CC                 CRISIL AA-     2400    Reaffirmed
Transport Corporation of India Ltd      Proposed LT Bk     CRISIL AA-     975     Reaffirmed
                                        Loan Fac
Transport Corporation of India Ltd      TL                 CRISIL AA-     1755    Reaffirmed
U.K.Textiles                            LT Loan            CRISIL BB-     156.4   Assigned
Uniply Industries Ltd                   Proposed LT Bk     CRISIL BBB-    1130    Reaffirmed
                                        Loan Fac
V K R Projects Pvt Ltd                  Proposed LT Bk     CRISIL B       50      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB
V. S. Matrix Pvt Ltd                    Proposed CC Limit  CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  B+
Vector Projects India Pvt Ltd           CC                 CRISIL BBB-    900     Reaffirmed
Vikas Sanitary Wares                    CC                 CRISIL B       32.5    Downgraded
                                                                                  from CRISIL
                                                                                  B+
Vikas Sanitary Wares                    TL                 CRISIL B       29      Downgraded
                                                                                  from CRISIL
                                                                                  B+
Virender Singh Harinder Singh           LT Loan            CRISIL BB-     58      Reaffirmed
Y.S.R.Spinning and Weaving Mills Pvt LtdCC                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Y.S.R.Spinning and Weaving Mills Pvt LtdProposed CC Limit  CRISIL B       15      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Y.S.R.Spinning and Weaving Mills Pvt LtdTL                 CRISIL B       100     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Yadav Rice Mills                        CC                 CRISIL B+      60      Upgraded from
                                                                                  CRISIL B
Issuer Not Cooperating
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below