August 26, 2019 / 7:59 AM / a month ago

CRISIL ratings for Indian debt instruments-Aug 26

    Aug 26 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 23, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alkyl Amines Chemicals Ltd              BG                 CRISIL A1      68      Reaffirmed
Alkyl Amines Chemicals Ltd              Foreign Exchange   CRISIL A1      94      Reaffirmed
                                        Forward
Alkyl Amines Chemicals Ltd              LOC                CRISIL A1      706     Reaffirmed
ANS Constructions Pvt Ltd               BG                 CRISIL A4+     410     Assigned
(Suspension Revoked)
Bajaj Sindhudurg Rice Mills Ltd         BG                 CRISIL A4      20      Reaffirmed
Bajaj Sindhudurg Rice Mills Ltd         Pledge Loan        CRISIL A4      180     Reaffirmed
Bajaj Sindhudurg Rice Mills Ltd         ST Loan            CRISIL A4      100     Reaffirmed
Benco Thermal Technologies Pvt Ltd      BG                 CRISIL A4+     50      Assigned
British India Trading Company           BG                 CRISIL A4      35      Assigned
Coastal Agro Industries Ltd             BG                 CRISIL A4+     1       Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Coastal Agro Industries Ltd             LOC                CRISIL A4+     10      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Devi Aqua Feeds Pvt Ltd                 BG                 CRISIL A2      5       -
(Reaffirmed and Withdrawn)
Devi Aqua Feeds Pvt Ltd                 Foreign Exchange   CRISIL A2      5       -
                                        Forward
(Reaffirmed and Withdrawn)
Devi Aqua Feeds Pvt Ltd                 LOC                CRISIL A2      150     -
(Reaffirmed and Withdrawn)
Devi Aquatech Pvt Ltd                   BG                 CRISIL A2      50      -
(Reaffirmed and Withdrawn)
Devi Aquatech Pvt Ltd                   Packing Credit     CRISIL A2      1000    -
(Reaffirmed and Withdrawn)
Devi Fisheries Ltd                      Post Shipment      CRISIL A1      900     -
                                        Credit
(Reaffirmed and Withdrawn)
Devi Fisheries Ltd                      Pre Shipment CreditCRISIL A1      720     -
(Reaffirmed and Withdrawn)
Eastman Cast and Forge Ltd              Foreign Exchange   CRISIL A3      15      Upgraded from
                                        Forward                                   CRISIL A4+
Eastman Cast and Forge Ltd              LOC                CRISIL A3      30      Upgraded from
                                                                                  CRISIL A4+
Ganga Kaveri Seeds Pvt Ltd              BG                 CRISIL A4+     10      Migrated from
                                                                                  CRISIL A3*
(Issuer Not Cooperating)
GFL Ltd                                 WC Fac             CRISIL A1+     10850   Withdrawn
GFL Ltd                                 CP                 CRISIL A1+     4000    Withdrawn
Gujarat Fluorochemicals Ltd             WC Fac             CRISIL A1+     10850   Assigned
Gujarat Fluorochemicals Ltd             CP                 CRISIL A1+     4000    Assigned
Haldiram Foods International Pvt Ltd    LOC*               CRISIL A1+     30      Reaffirmed
*Fullly interchangeable with BG
Inox Wind Ltd                           BG                 CRISIL A2+     3150    Reaffirmed
Inox Wind Ltd                           LOC                CRISIL A2+     10450   Reaffirmed
Inox Wind Ltd                           CP                 CRISIL A2+     2000    Reaffirmed
J and B Engineering and Construction    BG                 CRISIL A4      75      Withdrawn
Company
Jagdamba Timbers Pvt Ltd                Inland/Import LOC  CRISIL A4      90      Reaffirmed
KL Hi-Tech Secure Print Ltd             BG                 CRISIL A3      90      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
KL Hi-Tech Secure Print Ltd             LOC                CRISIL A3      30      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Konark Synthetic Ltd                    Inland/Import LOC  CRISIL A4      35      Assigned
Konark Synthetic Ltd                    Foreign Exchange   CRISIL A4      70      Assigned
                                        Forward
Konark Synthetic Ltd                    BG                 CRISIL A4      4.5     Assigned
Krishna Contractors                     BG                 CRISIL A4+     160     Reaffirmed
Lakhani Footwear Pvt Ltd                Bill Pur-Dis Fac   CRISIL A4      150     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Footwear Pvt Ltd                LOC*               CRISIL A4      270     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         BG                 CRISIL A4      10      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         Bill Pur-Dis Fac   CRISIL A4      75      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         LOC                CRISIL A4      100     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Works                    BG                 CRISIL A4      10      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Works                    Bill Pur-Dis Fac   CRISIL A4      60      Migrated from
                                                                                  CRISIL D

(Issuer Not Cooperating)
Lakhani Rubber Works                    LOC                CRISIL A4      100     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Shoes and Apparels Pvt Ltd      BG                 CRISIL A4      5       Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Shoes and Apparels Pvt Ltd      LOC                CRISIL A4      179.5   Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Leuco Microns Pvt Ltd                   BG                 CRISIL A4      8       Withdrawn
Lohiya Industries                       BG                 CRISIL A4+     5       Migrated from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Lohiya Industries                       LOC                CRISIL A4+     1700    Migrated from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Nagpur Sortex                           BG                 CRISIL A4+     0.7     Reaffirmed
Prasam Exports                          Packing Credit     CRISIL A4+     65      Reaffirmed
Ramkrishna Agro Products Pvt Ltd        BG                 CRISIL A4      1.5     Assigned
Royale Marine Impex Pvt. Ltd.           BG                 CRISIL A4+     37.5    Reaffirmed
(Issuer Not Cooperating)
Royale Marine Impex Pvt. Ltd.           Foreign Exchange   CRISIL A4+     5       Reaffirmed
                                        Forward
(Issuer Not Cooperating)
Satyanarayana Traders - Dosapadu        BG                 CRISIL A4      35      Assigned
Seaboy Fisheries Pvt Ltd                Foreign            CRISIL A4+     10      Upgraded from
                                        Discounting Bill                          CRISIL A4
                                        Purchase
Srini Pharmaceuticals Pvt Ltd           BG                 CRISIL A4+     2.5     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Srini Pharmaceuticals Pvt Ltd           LOC                CRISIL A4+     100     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  BG                 CRISIL A4+     45.5    Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Tej International Pvt Ltd               BG                 CRISIL A4+     5       Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Tej International Pvt Ltd               LOC                CRISIL A4+     55      Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating)
Tirubala Exports                        Bill Purchase      CRISIL A4+     20      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Tirubala Exports                        LOC                CRISIL A4+     10      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Tirubala Exports                        Packing Credit     CRISIL A4+     100     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Tirubala International Pvt Ltd          LOC                CRISIL A4+     12.5    Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Trivitron Healthcare Pvt Ltd            LOC                CRISIL A3+     300     Downgraded
                                                                                  from CRISIL A2
URSS Techservices Pvt Ltd               BG                 CRISIL A4+     20      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Vallabhaneni Constructions Pvt Ltd      BG                 CRISIL A4+     645     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
VMT Spinning Co. Ltd                    BG                 CRISIL A1+     10      Reaffirmed
VMT Spinning Co. Ltd                    LOC & BG           CRISIL A1+     40      Reaffirmed
VVC Motors Pvt Ltd                      BG                 CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Alkaloids Corporation                   CC                 CRISIL BBB+    138     Assigned
Alkyl Amines Chemicals Ltd              CC                 CRISIL A+      450     Reaffirmed
Alkyl Amines Chemicals Ltd              Export Packing     CRISIL A+      250     Reaffirmed
                                        Credit
Alkyl Amines Chemicals Ltd              External           CRISIL A+      1130.9  Reaffirmed
                                        Commercial
                                        Borrowings
Alkyl Amines Chemicals Ltd              Line of Credit     CRISIL A+      50      Reaffirmed
Alkyl Amines Chemicals Ltd              Proposed LT Bk     CRISIL A+      134.6   Reaffirmed
                                        Loan Fac
ANS Constructions Pvt Ltd               CC                 CRISIL BB      60      Assigned
(Suspension Revoked)
ANS Constructions Pvt Ltd               Proposed LT Bk     CRISIL BB      30      Assigned
                                        Loan Fac
(Suspension Revoked)
Asirvad Microfinance Ltd                Northern Arc 2019  Provisional    777.1   Provisional
                                        MFI Artemis Series CRISIL A (SO)          Rating
                                        A PTCs                                    Assigned
Avanti Finance Pvt Ltd                  Proposed LT Bk     CRISIL BBB+    1000    Assigned
                                        Loan Fac
Bajaj Sindhudurg Rice Mills Ltd         CC                 CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
Bajaj Sindhudurg Rice Mills Ltd         LT Loan            CRISIL B-      53.5    Downgraded
                                                                                  from CRISIL B
Bajaj Sindhudurg Rice Mills Ltd         TL                 CRISIL B-      100     Downgraded
                                                                                  from CRISIL B
Banwari Aromas Pvt Ltd                  CC                 CRISIL BB      40      Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Banwari Aromas Pvt Ltd                  Export Packing     CRISIL BB      60      Migrated from
                                        Credit                                    CRISIL BB
(Issuer Not Cooperating)
Benco Thermal Technologies Pvt Ltd      CC                 CRISIL BB-     40      Assigned
British India Trading Company           Proposed LT Bk     CRISIL B       10      Assigned
                                        Loan Fac
British India Trading Company           CC                 CRISIL B       25      Assigned
Coastal Agro Industries Ltd             CC                 CRISIL BB+     150     Migrated from
                                                                                  CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Coastal Agro Industries Ltd             LT Loan            CRISIL BB+     8       Migrated from
                                                                                  CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Coastal Agro Industries Ltd             Proposed LT Bk     CRISIL BB+     37.7    Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Dadha Pharma Distribution Pvt Ltd       CC                 CRISIL BBB-    200     Reaffirmed
Deccan Nutraceuticals Pvt Ltd           Proposed FB Bk     CRISIL BBB+    30      Assigned
                                        Limits
Devi Aqua Feeds Pvt Ltd                 CC                 CRISIL BBB+    350     -
(Reaffirmed and Withdrawn)
Devi Aqua Feeds Pvt Ltd                 LT Loan            CRISIL BBB+    200     -
(Reaffirmed and Withdrawn)
Devi Aquatech Pvt Ltd                   LT Loan            CRISIL BBB+    200     -
(Reaffirmed and Withdrawn)
Devi Fisheries Ltd                      LT Loan            CRISIL A       100     -
(Reaffirmed and Withdrawn)
Devi Fisheries Ltd                      Proposed LT Bk     CRISIL A       1130    -
                                        Loan Fac
(Reaffirmed and Withdrawn)
Dhruv Chem Industries                   CC                 CRISIL BB-     45      Withdrawn
Dhruv Chem Industries                   TL                 CRISIL BB-     16.3    Withdrawn
D-Link India Ltd                        CC & WC demand loanCRISIL A       100     Reaffirmed
(Outlook revised from Negative)
Eastman Cast and Forge Ltd              CC                 CRISIL BBB-    270     Upgraded from
                                                                                  CRISIL BB+
Eastman Cast and Forge Ltd              Proposed TL        CRISIL BBB-    8.5     Upgraded from
                                                                                  CRISIL BB+
Enar Industrial Enterprises Pvt Ltd     CC                 CRISIL BB-     197.5   Assigned
(Suspension Revoked)
Enar Industrial Enterprises Pvt Ltd     Electronic Dealer  CRISIL BB-     202.5   Assigned
                                        Financing
                                        Scheme(e-DFS)
(Suspension Revoked)
Ganga Kaveri Seeds Pvt Ltd              CC                 CRISIL BB+     460     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Ganga Kaveri Seeds Pvt Ltd              Proposed LT Bk     CRISIL BB+     400     Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
GFL Ltd                                 CC~~~              CRISIL AA      1000    Withdrawn
~~~Interchangeable with overdraft and other working capital facility
GFL Ltd                                 Foreign Currency TLCRISIL AA      406.6   Withdrawn
GFL Ltd                                 Foreign Currency TLCRISIL AA      406.6   Withdrawn
GFL Ltd                                 Foreign Currency TLCRISIL AA      456.4   Withdrawn
GFL Ltd                                 Proposed LT Bk     CRISIL AA      930.4   Withdrawn
                                        Loan Fac
GFL Ltd                                 Rupee TL           CRISIL AA      950     Withdrawn
Gujarat Fluorochemicals Ltd             Rupee TL           CRISIL AA      950     Assigned
Gujarat Fluorochemicals Ltd             Proposed LT Bk     CRISIL AA      930.4   Assigned
                                        Loan Fac
Gujarat Fluorochemicals Ltd             CC~~~              CRISIL AA      1000    Assigned
~~~Interchangeable with Overdraft and other working capital facility
Gujarat Fluorochemicals Ltd             Foreign Currency TLCRISIL AA      406.6   Assigned
Gujarat Fluorochemicals Ltd             Foreign Currency TLCRISIL AA      406.6   Assigned
Gujarat Fluorochemicals Ltd             Foreign Currency TLCRISIL AA      456.4   Assigned
Gujarat State Petroleum Corporation Ltd TL*                -              793     Reaffirmed
(Continues on Rating Watch with Developing Implications),*converted at Rs 65/USD

Gujarat State Petroleum Corporation Ltd TL*                CRISIL BBB+    793     Reaffirmed
(Removed from Rating Watch with Developing Implications),*converted at Rs 65/USD

Gujarat State Petroleum Corporation Ltd NCD                CRISIL BBB+    40000   Withdrawn
(Continues on Rating Watch with Positive Implications)
Gujarat State Petroleum Corporation Ltd Subordinated NCDs  CRISIL BBB+    20000   Withdrawn
(Continues on Rating Watch with Positive Implications)
Gujarat State Petroleum Corporation Ltd Compulsory         CRISIL BBB+    5500    Withdrawn
                                        Convertible
                                        Debentures 
(Continues on Rating Watch with Positive Implications)
Haldiram Foods International Pvt Ltd    CC                 CRISIL AA+     400     Reaffirmed
Hi-Can Industries Pvt Ltd               CC                 CRISIL B       150     Withdrawn
(Issuer Not Cooperating)
Hi-Can Industries Pvt Ltd               TL                 CRISIL B       10      Withdrawn
(Issuer Not Cooperating)
Himanshu Apparels Pvt Ltd               Export Packing     CRISIL BBB-    75      Assigned
                                        Credit
Himanshu Apparels Pvt Ltd               Proposed FB Bk     CRISIL BBB-    25      Assigned
                                        Limits
IMPS Educational Trust                  Proposed LT Bk     CRISIL D       20.1    Downgraded
                                        Loan Fac                                  from CRISIL B
(Issuer Not Cooperating)
IMPS Educational Trust                  TL                 CRISIL D       44.5    Downgraded
                                                                                  from CRISIL B
(Issuer Not Cooperating)
Inox Wind Ltd                           Proposed LT Bk     -              5000    Withdrawn
                                        Loan Fac
Inox Wind Ltd                           LT Loan            CRISIL A-      1308.2  Reaffirmed
Inox Wind Ltd                           Proposed LT Bk     CRISIL A-      6804.8  Reaffirmed
                                        Loan Fac
Inox Wind Ltd                           CC**               CRISIL A-      650     Reaffirmed
**Rs.65 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC*                CRISIL A-      387     Reaffirmed
*Rs.38.70 Crore is interchangeable with Letter of credit
Inox Wind Ltd                           CC                 CRISIL A-      550     Reaffirmed
Inox Wind Ltd                           CC***              CRISIL A-      500     Reaffirmed
***Rs.50 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC#                CRISIL A-      200     Reaffirmed
#Rs.20 Crore is  interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC##               CRISIL A-      750     Reaffirmed
##Rs.75 Crore is interchangeable with Letter of credit/bank guarantee
Inox Wind Ltd                           CC###              CRISIL A-      150     Reaffirmed
###Rs.15 Crore is interchangeable with Letter of credit
Inox Wind Ltd                           CC                 CRISIL A-      100     Reaffirmed
J and B Engineering and Construction    CC                 CRISIL B-      140     Withdrawn
Company
Jagdamba Timbers Pvt Ltd                CC                 CRISIL B+      40      Reaffirmed
Kay Cee Enterprises - Delhi             Overdraft          CRISIL BB-     70      Reaffirmed
KL Hi-Tech Secure Print Ltd             CC                 CRISIL BBB-    150     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Konark Synthetic Ltd                    CC                 CRISIL B       170.5   Assigned
Krishna Contractors                     CC                 CRISIL BB      60      Reaffirmed
KTL Pvt Ltd                             Rating Advisory    --             -       --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
KVR Sales Corporation                   WC Demand Loan     CRISIL B+      165     Assigned
KVR Sales Corporation                   Proposed LT Bk     CRISIL B+      110     Assigned
                                        Loan Fac
KVR Sales Corporation                   CC                 CRISIL B+      10      Assigned
KVR Sales Corporation                   Drop Line          CRISIL B+      15      Assigned
                                        Overdraft Fac
Lakhani Footwear Pvt Ltd                CC                 CRISIL B-      593.1   Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Footwear Pvt Ltd                Proposed LT Bk     CRISIL B-      49.5    Migrated from
                                        Loan Fac                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Footwear Pvt Ltd                TL                 CRISIL B-      118.6   Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         CC                 CRISIL B-      85      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         Proposed LT Bk     CRISIL B-      159.8   Migrated from
                                        Loan Fac                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Products Pvt Ltd         TL                 CRISIL D       22.2    Withdrawn
Lakhani Rubber Works                    CC                 CRISIL B-      85      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Works                    Proposed LT Bk     CRISIL B-      52.8    Migrated from
                                        Loan Fac                                  CRISIL D
(Issuer Not Cooperating)
Lakhani Rubber Works                    TL                 CRISIL D       13.7    Withdrawn
Lakhani Shoes and Apparels Pvt Ltd      CC                 CRISIL B-      250     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Leuco Microns Pvt Ltd                   CC                 CRISIL B+      30      Withdrawn
Leuco Microns Pvt Ltd                   Rupee TL           CRISIL B+      45      Withdrawn
Lifelong India Pvt Ltd                  Rating Advisory    --             -       --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Lohiya Industries                       CC                 CRISIL BB+     220     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Maa Muktakeshi Potato Freezing Pvt Ltd  CC                 CRISIL B       4.3     Assigned
Maa Muktakeshi Potato Freezing Pvt Ltd  TL                 CRISIL B       45      Assigned
Magtorq Pvt Ltd                         Open CC            CRISIL BB-     100     Reaffirmed
(Issuer Not Cooperating)
Movement Impex Trading Co.              Export Packing     CRISIL BB-     105     Downgraded
                                        Credit                                    from CRISIL BB
Movement Impex Trading Co.              Proposed LT Bk     CRISIL BB-     5       Downgraded
                                        Loan Fac                                  from CRISIL BB
Muthoot Capital Services Ltd            Northern Arc 2019  CRISIL A (SO)  18.5    -
                                        CV PTU  Series A2
                                        PTCs
(Converted from Provisional Rating to Final Rating)
Muthoot Capital Services Ltd            Northern Arc 2019  CRISIL AA- (SO)322.6   -
                                        CV PTU  Series A1
                                        PTCs
(Converted from Provisional Rating to Final Rating)
Muthoot Capital Services Ltd            Vivriti Minerva 03 CRISIL AA (SO) 540.4   Assigned
                                        2019 Series A1 PTCs
(Converted from Provisional Rating to Final Rating)
Nagpur Sortex                           CC                 CRISIL BB      200     Reaffirmed
Nagpur Sortex                           Proposed LT Bk     CRISIL BB      34.3    Reaffirmed
                                        Loan Fac
Nagpur Sortex                           TL                 CRISIL BB      15      Assigned
Narbheram Agencies Pvt Ltd              CC                 CRISIL BB-     30      Assigned
(Suspension Revoked)
Narbheram Agencies Pvt Ltd              Proposed LT Bk     CRISIL BB-     45      Assigned
                                        Loan Fac
(Suspension Revoked)
Narbheram Agencies Pvt Ltd              Channel Financing  CRISIL BB-     25      Assigned
(Suspension Revoked)
NSL Wind Power Company (Phoolwadi) Pvt  LT Loan            CRISIL BBB     2550    Downgraded
Ltd                                                                               from CRISIL
                                                                                  BBB+
Oneworld Creations Pvt Ltd              CC                 CRISIL D       450     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Creations Pvt Ltd              Proposed CC Limit  CRISIL D       90      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Creations Pvt Ltd              Proposed LT Bk     CRISIL D       350     Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Oneworld Creations Pvt Ltd              TL                 CRISIL D       160     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Retail Pvt Ltd                 CC                 CRISIL D       285     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Retail Pvt Ltd                 Proposed LT Bk     CRISIL D       150     Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Oneworld Retail Pvt Ltd                 TL                 CRISIL D       87.5    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Sourcing                       CC                 CRISIL D       660     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Oneworld Sourcing                       TL                 CRISIL D       120     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Pawan Shree Food International Pvt Ltd  CC                 CRISIL BB+     400     Reaffirmed
Pawan Shree Food International Pvt Ltd  TL                 CRISIL BB+     55      Reaffirmed
Peethambra Granites Pvt Ltd             Rating Advisory    --             -       --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Prabhu Steels                           CC                 CRISIL BB+     170     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Prabhu Steels                           Channel Financing  CRISIL BB+     375     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Prasam Exports                          CC                 CRISIL BB-     15      Reaffirmed
Prasam Exports                          Proposed LT Bk     CRISIL BB-     70      Reaffirmed
                                        Loan Fac
Ramkrishna Agro Products Pvt Ltd        WC Fac             CRISIL B       45      Assigned
Ramkrishna Agro Products Pvt Ltd        TL                 CRISIL B       55.1    Assigned
Ramkrishna Agro Products Pvt Ltd        CC                 CRISIL B       7.3     Assigned
RKS Motor Pvt Ltd                       Rating Advisory    --             -       --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Royale Marine Impex Pvt. Ltd.           Export Packing     CRISIL BB      500     Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Royale Marine Impex Pvt. Ltd.           Proposed LT Bk     CRISIL BB      11.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Royale Marine Impex Pvt. Ltd.           Standby LOC        CRISIL BB      75      Reaffirmed
(Issuer Not Cooperating)
Royale Marine Impex Pvt. Ltd.           TL                 CRISIL BB      21      Reaffirmed
(Issuer Not Cooperating)
Satyanarayana Traders - Dosapadu        Proposed WC Fac    CRISIL B+      50.5    Assigned
Satyanarayana Traders - Dosapadu        CC                 CRISIL B+      14.5    Assigned
Seaboy Fisheries Pvt Ltd                Packing Credit     CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Shradha Apparels Worldwide              Foreign Bill       CRISIL D       25      Withdrawn
                                        Negotiation
Shradha Apparels Worldwide              Foreign Bill       CRISIL D       55      Withdrawn
                                        Purchase
Shriram City Union Finance Ltd          MOBIL TRUST SERIES Provisional    2816.7  Provisional
                                        - 01 Series A PTCs CRISIL AAA (SO)        Rating
                                                                                  Assigned
SKY Spintex Pvt Ltd                     CC                 CRISIL BBB-    80      Upgraded from
                                                                                  CRISIL BB+
SKY Spintex Pvt Ltd                     LT Loan            CRISIL BBB-    600     Upgraded from
                                                                                  CRISIL BB+
Sri Rajeshwara Hatcheries Pvt Ltd       CC                 CRISIL BB+     240     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sri Rajeshwara Hatcheries Pvt Ltd       Proposed LT Bk     CRISIL BB+     32.9    Migrated from
                                        Loan Fac                                  CRISIL BBB
(Issuer Not Cooperating)
Sri Rajeshwara Hatcheries Pvt Ltd       TL                 CRISIL BB+     191     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Sri Ram Spinning Mills Ltd              CC                 CRISIL B-      128     Upgraded from
                                                                                  CRISIL C
Sri Ram Spinning Mills Ltd              LT Loan            CRISIL B-      100     Upgraded from
                                                                                  CRISIL C
Sri Ram Spinning Mills Ltd              Proposed CC Limit  CRISIL B-      4.5     Upgraded from
                                                                                  CRISIL C
Sri Ram Spinning Mills Ltd              Standby Line of    CRISIL B-      17.5    Upgraded from
                                        Credit                                    CRISIL C
Srini Pharmaceuticals Pvt Ltd           CC                 CRISIL BB+     150     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Srini Pharmaceuticals Pvt Ltd           Proposed LT Bk     CRISIL BB+     27.5    Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Srini Pharmaceuticals Pvt Ltd           TL                 CRISIL BB+     190     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  CC                 CRISIL BB+     33.5    Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  LT Loan            CRISIL BB+     180     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  Proposed LT Bk     CRISIL BB+     21      Migrated from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Sundaram BNP Paribas Home Finance Ltd   Santhanam Trust    CRISIL AAA (SO)1826.1  Reaffirmed
                                        Series I Series A
                                        PTCs
Tej International Pvt Ltd               CC                 CRISIL BB+     10      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating)
Tej International Pvt Ltd               Export Packing     CRISIL BB+     160     Migrated from
                                        Credit                                    CRISIL BBB
(Issuer Not Cooperating)
Tej International Pvt Ltd               Proposed LT Bk     CRISIL BB+     170     Migrated from
                                        Loan Fac                                  CRISIL BBB
(Issuer Not Cooperating)
Tirubala Exports                        CC                 CRISIL BB+     20      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Tirubala International Pvt Ltd          Foreign Bill       CRISIL BB+     230     Migrated from
                                        Discounting                               CRISIL BBB-
(Issuer Not Cooperating)
Tirubala International Pvt Ltd          Foreign Bill       CRISIL BB+     280     Migrated from
                                        Purchase                                  CRISIL BBB-
(Issuer Not Cooperating)
Tirubala International Pvt Ltd          Packing Credit     CRISIL BB+     160     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Trivitron Healthcare Pvt Ltd            CC                 CRISIL BBB     650     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Trivitron Healthcare Pvt Ltd            Proposed LT Bk     CRISIL BBB     220     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
Trivitron Healthcare Pvt Ltd            Standby LOC        CRISIL BBB     150     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Trivitron Healthcare Pvt Ltd            TL                 CRISIL BBB     200     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Ultimo Fabrics Pvt Ltd                  CC                 CRISIL D       350     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Ultimo Fabrics Pvt Ltd                  LOC                CRISIL D       100     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Ultimo Fabrics Pvt Ltd                  Proposed CC Limit  CRISIL D       248.8   Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Ultimo Fabrics Pvt Ltd                  TL                 CRISIL D       91.2    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
URSS Techservices Pvt Ltd               CC                 CRISIL BB+     50      Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
URSS Techservices Pvt Ltd               Standby LOC        CRISIL BB+     4       Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Vallabhaneni Constructions Pvt Ltd      CC                 CRISIL BB+     105     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Vardhman Nisshinbo Garments Co. Ltd     CC                 CRISIL A+      85      Reaffirmed
(Outlook revised from Stable)
Vardhman Nisshinbo Garments Co. Ltd     LT Loan            CRISIL A+      200     Reaffirmed
(Outlook revised from Stable)
Vardhman Nisshinbo Garments Co. Ltd     Proposed LT Bk     CRISIL A+      157.8   Reaffirmed
                                        Loan Fac
(Outlook revised from Stable)
Vayas Multi-trading Pvt Ltd             CC                 CRISIL B       82.2    Reaffirmed
VMT Spinning Co. Ltd                    CC#                CRISIL AA      60      Reaffirmed
(Outlook revised from Stable),
#Interchangeable with packing credit and bill discounting
VMT Spinning Co. Ltd                    CC*                CRISIL AA      90      Reaffirmed
(Outlook revised from Stable),
*Interchangeable with Packing Credit & includes sub limit of Rs 2.5 crore for foreign bills
purchase/ foreign bills discounting
VMT Spinning Co. Ltd                    Proposed TL        CRISIL AA      267.5   Reaffirmed
(Outlook revised from Stable)
VMT Spinning Co. Ltd                    TL                 CRISIL AA      322.5   Reaffirmed
(Outlook revised from Stable)
VMT Spinning Co. Ltd                    WC Fac             CRISIL AA      150     Reaffirmed
(Outlook revised from Stable)
VVC Motors Pvt Ltd                      CC                 CRISIL BB+     200     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Western Bio Vegetable Seeds Pvt Ltd     Proposed CC Limit  CRISIL B+      100     Withdrawn
Western Bio Vegetable Seeds Pvt Ltd     Proposed TL        CRISIL B+      20      Withdrawn
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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