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CRISIL ratings for Indian debt instruments-Aug 27

    Aug 27  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of August 26, 2020.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A N Builders                           BG                CRISIL A4     50     Assigned
Anand Technomarketing Pvt Ltd          BG                CRISIL A4     10     -
(Issuer Not Cooperating)
Anand Technomarketing Pvt Ltd          LOC               CRISIL A4     6.5    -
(Issuer Not Cooperating)
Apra Enterprises                       LOC               CRISIL A4     320    -
(Issuer Not Cooperating)
Ashapura Infrastructure Company        BG                CRISIL A4     50     -
(Issuer Not Cooperating)
Bhalla International                   Standby LOC       CRISIL A3+    16     Reaffirmed
Bharti Enterprises Ltd                 CP                CRISIL A1+    10000  Assigned
Community Action Through Motivation    BG                CRISIL A4+    40     Assigned
Programme Camp
Emerging Infrastructure                BG                CRISIL A4+    29.7   Reaffirmed
Fabindia Overseas Pvt Ltd              BG                CRISIL A1+    1      Reaffirmed
Farouk Sodagar Darvesh and Co. Pvt Ltd LOC               CRISIL A4     150    -
(Issuer Not Cooperating)
G. Venkata Rao And Co.                 BG                CRISIL A4     45     Migrated from
                                                                              CRISIL A4
(Issuer not cooperating)
G. Venkata Rao And Co.                 Proposed ST Bk    CRISIL A4     12.5   Migrated from
                                       Loan Fac                               CRISIL A4
(Issuer not cooperating)
Hero Motocorp Ltd                      Non-FBL*          CRISIL A1+    6630   Reaffirmed
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                      CP                CRISIL A1+    160    Reaffirmed
Industrial Electrics - Delhi           BG                CRISIL A4     150    Revised from
                                                                              CRISIL A4+
Integrated Enterprises India Pvt Ltd   BG                CRISIL A4     400    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
K.P.Manish Global Ingredients Pvt Ltd  Import LOC Limit  CRISIL A3     200    Reaffirmed
KTC Automotive Company                 BG                CRISIL A4     10     -
(Issuer Not Cooperating)
Logwell Forge Ltd                      LOC & BG          CRISIL        50     -
                                                         A3/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Ludhiana Beverages Pvt Ltd             BG                CRISIL A1     10     Reaffirmed
Ludhiana Beverages Pvt Ltd             LOC               CRISIL A1     50     Reaffirmed
M. Nagi Reddy and Company              BG                CRISIL A4     35     -
(Issuer Not Cooperating)
Millenium Granites And Marbles Pvt Ltd BG                CRISIL A4     1      Reaffirmed
Model Echoes Pvt Ltd                   Packing Credit in CRISIL A4+    20     Reaffirmed
                                       Foreign Currency
Mudra Denim Pvt Ltd                    LOC               CRISIL A4     30     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Neel Kanth Herbs                       LOC               CRISIL A4     50     -
(Issuer Not Cooperating)
New Jehlum Construction Co             BG                CRISIL A4+    50     Reaffirmed
Nova-Tech Refractories Pvt Ltd         BG                CRISIL A4     5      Reaffirmed
P.N.Gadgil Jewellers Pvt Ltd           LOC & BG          CRISIL A2     200    Migrated from
                                                                              CRISIL A4+
(Issuer not cooperating)
Pal Enterprises                        LOC               CRISIL A4     50     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Pal Enterprises                        Post Shipment     CRISIL A4     30     Revised from
                                       Credit                                 CRISIL A4+
(Issuer Not Cooperating)
Pal Enterprises                        Pre Shipment      CRISIL A4     70     Revised from
                                       Credit                                 CRISIL A4+
(Issuer Not Cooperating)
Pumarth Commodities Pvt Ltd            BG                CRISIL A4     100    -
(Issuer Not Cooperating)
Pumarth Credit and Capital Ltd         BG                CRISIL A4     60     -
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd     LOC               CRISIL A4     20     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Rishabh Sponge Ltd                     BG                CRISIL A4     35     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
S. R. Thorat Milk Products Pvt Ltd     BG                CRISIL A3+    10     Reaffirmed
Sami Spices and Herbs Pvt Ltd          Foreign Exchange  CRISIL A4     12.5   Reaffirmed
                                       Forward
Santosh Steel Industries               LOC               CRISIL A4     105    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sarvottam Rolling Mills Pvt Ltd        BG                CRISIL A4     5      -
(Issuer Not Cooperating)
Sarvottam Rolling Mills Pvt Ltd        LOC               CRISIL A4     50     -
(Issuer Not Cooperating)
Sepcon Systems Pvt Ltd                 BG                CRISIL A4+    22.5   Reaffirmed
Shreyans Oils Ltd                      Overdraft         CRISIL A4     25     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Spice Digital Ltd                      Bill Discounting  CRISIL A4     450    -
(Issuer Not Cooperating)
Spice Digital Ltd                      Overdraft         CRISIL A4     150    -
(Issuer Not Cooperating)
Sri Bapuji Constructions Pvt Ltd       BG                CRISIL A3     320    Reaffirmed
State Bank of India                    CDs Programme     CRISIL A1+    375000 Reaffirmed
Sti Industries                         Bill Discounting  CRISIL A4     45     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sti Industries                         Export Packing    CRISIL A4     20     Revised from
                                       Credit                                 CRISIL A4+
(Issuer Not Cooperating)
Sti Industries                         LOC               CRISIL A4     60     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sudheer Aravind Constructions          Proposed ST Bk    CRISIL A4     15     -
                                       Loan Fac
(Issuer Not Cooperating)
Sunwatt International Pvt Ltd          BG                CRISIL A4     20     -
(Issuer Not Cooperating)
Sunwatt International Pvt Ltd          LOC               CRISIL A4     40     -
(Issuer Not Cooperating)
T & U Systems Automobiles Pvt Ltd      BG                CRISIL A4     10     -
(Issuer not cooperating)
Tata Motors Finance Ltd                CP                CRISIL A1+    80000  Assigned
Tata Motors Finance Solutions Ltd      CP                CRISIL A1+    25000  Assigned
Techfab India Industries Ltd           LOC Bill          CRISIL A2     150    Reaffirmed
                                       Discounting
The Kalgidhar Society                  Overdraft         CRISIL A4     250    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
The Kalgidhar Trust                    Overdraft         CRISIL A4     480    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Trans Fab Power India Pvt Ltd          BG                CRISIL A4     95     -
(Issuer Not Cooperating)
Trans Fab Power India Pvt Ltd          LOC               CRISIL A4     75     -
(Issuer Not Cooperating)
Triveni Construction co                BG                CRISIL A4     25.2   -
(Issuer Not Cooperating)
Turki Cold Storage and General Mills   Overdraft         CRISIL A4     1.2    -
(Issuer Not Cooperating)
Uniglobe Mod Travels Pvt Ltd           BG                CRISIL A4     35     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Vijay V. Salunkhe                      BG                CRISIL A4     12.5   -
(Issuer Not Cooperating)
Vijaya Energy Plus Pvt Ltd             BG                CRISIL A4     40     -
(Issuer not cooperating)
Vijaya Maruthi Rice Industry           BG                CRISIL A4     0.8    -
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              BG                CRISIL A4     5      Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              LOC               CRISIL A4     7.5    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Vishnu Prakash R Punglia Ltd           BG                CRISIL A4     2050   Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Water Wealth Infratech India Pvt Ltd   BG                CRISIL A4     5      -
(Issuer Not Cooperating)
 
MEDIUM TERM RATINGS:
-------------------
Hero Motocorp Ltd                      FD                FAAA/Stable   -      Reaffirmed
 
 
 
LONG TERM RATINGS:
-------------------
A N Builders                           TL                CRISIL B/     17.4   Assigned
                                                         Stable
A N Builders                           Secured Overdraft CRISIL B/     11     Assigned
                                       Fac               Stable    
A N Builders                           Proposed FB Bk    CRISIL B/     21.6   Assigned
                                       Limits            Stable
A. K. Pipe Fitting Pvt Ltd             BG                CRISIL D      12.5   -
(Issuer Not Cooperating)
A. K. Pipe Fitting Pvt Ltd             CC                CRISIL D      40     -
(Issuer Not Cooperating)
Aesthetic Gold Ornaments Pvt Ltd       CC                CRISIL        50     Reaffirmed
                                                         BBB/Stable
AG Conveying Systems Pvt Ltd           BG                CRISIL D      15     -
(Issuer Not Cooperating)
AG Conveying Systems Pvt Ltd           CC                CRISIL D      10     -
(Issuer Not Cooperating)
AG Conveying Systems Pvt Ltd           Proposed LT Bk    CRISIL D      8.5    -
                                       Loan Fac
(Issuer Not Cooperating)
AG Conveying Systems Pvt Ltd           TL                CRISIL D      8      -
(Issuer Not Cooperating)
AG Conveying Systems Pvt Ltd           WC TL             CRISIL D      28.5   -
(Issuer Not Cooperating)
Akola Municipal Corporation            Corporate Credit  CCR BBB-/     -      Reaffirmed
                                       Rating            Stable 
Alaska Fabtech Pvt Ltd                 CC                CRISIL D      82.5   -
(Issuer Not Cooperating)
Alaska Fabtech Pvt Ltd                 Overdraft         CRISIL D      17.5   -
(Issuer Not Cooperating)
Alaska Fabtech Pvt Ltd                 Packing Credit    CRISIL D      20     -
(Issuer Not Cooperating)
Alaska Fabtech Pvt Ltd                 TL                CRISIL D      130    -
(Issuer Not Cooperating)
Alfara'A Infraprojects Pvt Ltd         BG                CRISIL D      3950.9 -
(Issuer not cooperating)
Alfara'A Infraprojects Pvt Ltd         CC                CRISIL D      1380   -
(Issuer not cooperating)
Alfara'A Infraprojects Pvt Ltd         LOC               CRISIL D      1400   -
(Issuer not cooperating)
Alfara'A Infraprojects Pvt Ltd         LT Loan           CRISIL D      350    -
(Issuer not cooperating)
Anand Technomarketing Pvt Ltd          CC                CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Anand Technomarketing Pvt Ltd          TL                CRISIL        28     -
                                                         B+/Stable
(Issuer Not Cooperating)
Anupam Industries Ltd                  BG                CRISIL D      1600   -
(Issuer Not Cooperating)
Anupam Industries Ltd                  CC                CRISIL D      1080   -
(Issuer Not Cooperating)
Anupam Industries Ltd                  Corporate Loan    CRISIL D      404.2  -
(Issuer Not Cooperating)
Anupam Industries Ltd                  Inland/Import LOC CRISIL D      300    -
(Issuer Not Cooperating)
Anupam Industries Ltd                  Proposed LT Bk    CRISIL D      115.8  -
                                       Loan Fac
(Issuer Not Cooperating)
Apra Enterprises                       CC                CRISIL        130    -
                                                         B+/Stable
(Issuer Not Cooperating)
Aran Kitchen World India Pvt Ltd       CC                CRISIL        140    -
                                                         B-/Stable
(Issuer Not Cooperating)
Ashapura Infrastructure Company        CC                CRISIL B/     55     -
(Issuer Not Cooperating)                                 Stable
Associate Lumbers Pvt Ltd              CC                CRISIL D      580    -
(Issuer Not Cooperating)
Bansi Mall Management Company Pvt Ltd  LT Loan           CRISIL        2500   Downgraded
                                                         B+/Negative          from CRISIL
                                                                              BB+/Negative
Beeta Poly Coats Pvt Ltd               CC                CRISIL        145    Reaffirmed
                                                         BB/Stable
Beeta Poly Coats Pvt Ltd               Proposed CC Limit CRISIL        45     Reaffirmed
                                                         BB/Stable
Bhalla International                   Export Packing    CRISIL        109    Reaffirmed
                                       Credit            BBB/Stable
Blaze Gold Jewels Pvt Ltd              CC                CRISIL        120    Reaffirmed
                                                         BB+/Stable
Blossom Gold Collections Pvt Ltd       CC                CRISIL        60     Reaffirmed
                                                         BBB-/Stable
Capital Ventures Pvt Ltd               CC/ Overdraft Fac CRISIL B/     180    Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Capital Ventures Pvt Ltd               Proposed CC Limit CRISIL B/     60     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Community Action Through Motivation    Proposed CC Limit CRISIL        35     Assigned
Programme Camp                                           BB+/Stable
Community Action Through Motivation    Proposed BG       CRISIL        25     Assigned
Programme Camp                                           BB+/Stable
Community Action Through Motivation    CC                CRISIL        25     Assigned
Programme Camp                                           BB+/Stable
Earth Trust                            Proposed LT Bk    CRISIL B/     200    -
                                       Loan Fac          Stable   
(Issuer Not Cooperating)
Eastern Silk Industries Ltd            Funded Interest TLCRISIL D      545.7  -
(Issuer Not Cooperating)
Eastern Silk Industries Ltd            Proposed LT Bk    CRISIL D      45     -
                                       Loan Fac
(Issuer Not Cooperating)
Eastern Silk Industries Ltd            TL                CRISIL D      535.7  -
(Issuer Not Cooperating)
Eastern Silk Industries Ltd            WC Fac            CRISIL D      628.7  -
(Issuer Not Cooperating)
Eastern Silk Industries Ltd            WC TL             CRISIL D      2959.9 -
(Issuer Not Cooperating)
Ela Nirman Pvt Ltd                     CC                CRISIL D      30     -
(Issuer Not Cooperating)
Ela Nirman Pvt Ltd                     LT Loan           CRISIL D      15     -
(Issuer Not Cooperating)
Ela Nirman Pvt Ltd                     TL                CRISIL D      30     -
(Issuer Not Cooperating)
Embassy Office Parks Reit              NCD               CRISIL        40000  Reaffirmed
                                                         AAA/Stable
Embassy Office Parks Reit              NCD               Provisional   15000  Assigned
                                                         CRISIL
                                                         AAA/Stable^
^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with directive issued by the Securities and Exchange Board of India (SEBI) on May 6,
2015, on 'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)'
Emerging Infrastructure                Secured Overdraft CRISIL        50     Reaffirmed
                                       Fac               BB-/Stable
Emerging Infrastructure                TL                CRISIL        0.3    Reaffirmed
                                                         BB-/Stable
Eminent Jewel Arcade Pvt Ltd           CC                CRISIL        69.5   Reaffirmed
                                                         BBB-/Stable
Fabindia Overseas Pvt Ltd              CC                CRISIL        899    Reaffirmed
                                                         AA/Stable
Farmico Cold Chain And Logistics Ltd   Mortgage Loan Fac CRISIL B      80     -
(Issuer Not Cooperating)
Farmico Cold Chain Pvt Ltd             TL                CRISIL B/     100    -
(Issuer Not Cooperating)                                 Stable   
Farouk Sodagar Darvesh and Co. Pvt Ltd Funded Interest TLCRISIL C      170    -
(Issuer Not Cooperating)
Farouk Sodagar Darvesh and Co. Pvt Ltd WC TL             CRISIL C      850    -
(Issuer Not Cooperating)
FCS Fluoro Carbon Seals Pvt Ltd        Open CC           CRISIL B/     60     Revised from
                                                         Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
FCS Fluoro Carbon Seals Pvt Ltd        TL                CRISIL B/     40     Revised from
                                                         Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
G. Venkata Rao And Co.                 Secured Overdraft CRISIL        32.5   Migrated from
                                       Fac               B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer not cooperating)
Gopalan Enterprises                    LT Loan**         CRISIL B/     152.1  Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)/**No amount outstanding as of date against these loans; awaiting
independent confirmation of repayment before withdrawing ratings on these instruments
Gopalan Enterprises India Pvt Ltd      Lease Rental      CRISIL B/     938    Revised from
                                       Discounting Loan  Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Hero Motocorp Ltd                      FB Fac*           CRISIL        2421   Reaffirmed
                                                         AAA/Stable
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                      Proposed FB Bk    CRISIL        1949   Reaffirmed
                                       Limits*           AAA/Stable
*Funded facility interchangeable with non-funded lines
Hero Motocorp Ltd                      NCD               CRISIL        150    Reaffirmed
                                                         AAA/Stable
Institute of Public Enterprise         Corporate Loan    CRISIL        540    Upgraded from
                                                         BBB/Stable           CRISIL
                                                                              BBB-/Stable
Institute of Public Enterprise         Proposed LT Bk    CRISIL        220    Upgraded from
                                       Loan Fac          BBB/Stable           CRISIL
                                                                              BBB-/Stable
Integrated Enterprises India Pvt Ltd   Overdraft         CRISIL B/     450    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
JCO Gas Pipe Ltd                       Proposed LT Bk    CRISIL B/     150    Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
K.P.Manish Global Ingredients Pvt Ltd  CC                CRISIL        240    Reaffirmed
                                                         BBB-/Stable
Karo Coils Pvt Ltd                     CC                CRISIL D      20.1   -
(Issuer Not Cooperating)
Karo Coils Pvt Ltd                     TL                CRISIL D      86.5   -
(Issuer Not Cooperating)
Kirtilal Kalidas Jewellers Pvt Ltd     CC                CRISIL        1625   Reaffirmed
                                                         BBB/Stable
Kirtilal Kalidas Jewellers Pvt Ltd     Proposed LT Bk    CRISIL        400    Reaffirmed
                                       Loan Fac          BBB/Stable
Kodai Cars Pvt Ltd                     BG                CRISIL D      20     -
(Issuer Not Cooperating)
Kodai Cars Pvt Ltd                     CC                CRISIL D      100    -
(Issuer Not Cooperating)
Kolkata Municipal Corporation          Corporate Credit  CCR A+/Stable -      Reaffirmed
                                       Rating
Kolkata Municipal Corporation          Bond              CRISIL        100    Reaffirmed
                                                         A+/Stable
KTC Automotive Company                 CC                CRISIL B/     73.2   -
(Issuer Not Cooperating)                                 Stable 
KTC Automotive Company                 TL                CRISIL B/     6.8    -
(Issuer Not Cooperating)                                 Stable  
Logwell Forge Ltd                      CC                CRISIL        230    -
                                                         BBB-/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Logwell Forge Ltd                      Loan Against      CRISIL        65.8   -
                                       Property          BBB-/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Logwell Forge Ltd                      Proposed FB Bk    CRISIL        56.8   -
                                       Limits            BBB-/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Logwell Forge Ltd                      TL                CRISIL        107.4  -
                                                         BBB-/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Ludhiana Beverages Pvt Ltd             CC                CRISIL        450    Reaffirmed
                                                         A+/Stable
Ludhiana Beverages Pvt Ltd             LT Loan           CRISIL        450    Reaffirmed
                                                         A+/Stable
Ludhiana Beverages Pvt Ltd             Standby Line of   CRISIL        45     Reaffirmed
                                       Credit            A+/Stable
Ludhiana Beverages Pvt Ltd             TL                CRISIL        1450   Reaffirmed
                                                         A+/Stable
Luster Gold Palace (India) Pvt Ltd     CC                CRISIL        60     Reaffirmed
                                                         BB+/Stable
Luster Gold Palace (India) Pvt Ltd     Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BB+/Stable
M. Nagi Reddy and Company              Secured Overdraft CRISIL        100    -
                                       Fac               B-/Stable
(Issuer Not Cooperating)
M.P.Entertainment And Developers Pvt LtLease Rental      CRISIL        1000   Reaffirmed
                                       Discounting Loan  BBB-/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Mahakali Motors Pvt Ltd                CC                CRISIL B/     200    Revised from
                                                         Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Malabar Business Centre Pvt Ltd        CC                CRISIL        140    Reaffirmed
                                                         BBB+/Stable
Malabar Cochin Arcade Pvt Ltd          CC                CRISIL        350    Reaffirmed
                                                         BBB/Stable
Malabar Creations Pvt Ltd              CC                CRISIL        60     Reaffirmed
                                                         BBB/Stable
Malabar Creations Pvt Ltd              Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BBB/Stable
Malabar Crystals and Diamonds Pvt Ltd  CC                CRISIL        100    Reaffirmed
                                                         BBB/Stable
Malabar Diamond Gallery Pvt Ltd        CC                CRISIL        400    Reaffirmed
                                                         BBB/Stable
Malabar Gold Palace Pvt Ltd            CC                CRISIL        240    Reaffirmed
                                                         BBB+/Stable
Malabar Gold Super Market (Kannur) Pvt CC                CRISIL        150    Reaffirmed
Ltd                                                      BBB/Stable
Malabar Jewels and Gems Pvt Ltd        CC                CRISIL        170    Reaffirmed
                                                         BBB+/Stable
Malabar Mangalore Arcade Pvt Ltd       CC                CRISIL        99.5   Reaffirmed
                                                         BBB/Stable
Malabar Mangalore Arcade Pvt Ltd       Proposed CC Limit CRISIL        0.5    Reaffirmed
                                                         BBB/Stable
Malabar Ornaments Pvt Ltd              CC                CRISIL        230    Reaffirmed
                                                         BBB+/Stable
Malabar Ornaments Pvt Ltd              Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BBB+/Stable
Malabar Ruby Pvt Ltd                   CC                CRISIL        100    Upgraded from
                                                         BBB/Stable           CRISIL
                                                                              BBB-/Stable
Malabar Watches Pvt Ltd                CC                CRISIL        80     Reaffirmed
                                                         BBB/Stable
Marathwada Auto Compo Pvt Ltd          CC                CRISIL BBB/   120    Reaffirmed
                                                         Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Marathwada Auto Compo Pvt Ltd          Proposed LT Bk    CRISIL BBB/   62.7   Reaffirmed
                                       Loan Fac          Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Marathwada Auto Compo Pvt Ltd          TL                CRISIL BBB/   52.3   Reaffirmed
                                                         Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Millenium Granites And Marbles Pvt Ltd CC                CRISIL B/     67     Downgraded
                                                         Stable               from CRISIL
                                                                              B+/Stable
Millenium Granites And Marbles Pvt Ltd LT Loan           CRISIL B/     44     Downgraded
                                                         Stable               from CRISIL
                                                                              B+/Stable
Millenium Granites And Marbles Pvt Ltd Proposed LT Bk    CRISIL B/     28     Downgraded
                                       Loan Fac          Stable               from CRISIL
                                                                              B+/Stable
Model Echoes Pvt Ltd                   Foreign Bill      CRISIL        40     Reaffirmed
                                       Discounting       BB-/Stable
Model Echoes Pvt Ltd                   Proposed LT Bk    CRISIL        90     Reaffirmed
                                       Loan Fac          BB-/Stable
Modern Prefab Systems Pvt Ltd          BG                -             350    Withdrawn
(Issuer Not Cooperating)
Modern Prefab Systems Pvt Ltd          CC                -             315    Withdrawn
(Issuer Not Cooperating)
Modern Prefab Systems Pvt Ltd          Loan Against      CRISIL B/     186.2  -
                                       Property          Stable
(Issuer Not Cooperating)
Mudra Denim Pvt Ltd                    CC                CRISIL B/     320    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Mudra Denim Pvt Ltd                    TL                CRISIL B/     1050   Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Mughal Foundation Mall                 LT Loan           CRISIL D      80     -
(Issuer Not Cooperating)
Neel Kanth Herbs                       CC                CRISIL        60     -
                                                         B+/Stable
(Issuer Not Cooperating)
Neel Kanth Herbs                       Proposed LT Bk    CRISIL        3.9    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
New Jehlum Construction Co             Secured Overdraft CRISIL        87     Reaffirmed
                                       Fac               BB-/Stable
Northern Gold Collections Llp          CC                CRISIL        130    Reaffirmed
                                                         BBB-/Stable
Novarc Labs Pvt Ltd                    CC                CRISIL D      50     -
(Issuer Not Cooperating)
Novarc Labs Pvt Ltd                    Proposed CC Limit CRISIL D      30     -
(Issuer Not Cooperating)
Nova-Tech Refractories Pvt Ltd         Secured Overdraft CRISIL B/     15     Downgraded
                                       Fac               Stable               from CRISIL
                                                                              B+/Stable
Nova-Tech Refractories Pvt Ltd         TL                CRISIL B/     57.5   Downgraded
                                                         Stable               from CRISIL
                                                                              B+/Stable
OM Sai Fleet Management India Pvt Ltd  CC                CRISIL        70     Reaffirmed
                                                         BB/Stable
P.N.Gadgil Jewellers Pvt Ltd           CC                CRISIL        1330   Migrated from
                                                         BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer not cooperating)
P.N.Gadgil Jewellers Pvt Ltd           Proposed LT Bk    CRISIL        474.5  Migrated from
                                       Loan Fac          BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer not cooperating)
P.N.Gadgil Jewellers Pvt Ltd           TL                CRISIL        935.5  Migrated from
                                                         BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer not cooperating)
P.N.Gadgil Jewellers Pvt Ltd           WC Demand Loan    CRISIL        650    Migrated from
                                                         BBB+/Stable          CRISIL
                                                                              BB+/Stable
(Issuer not cooperating)
Paschim Hydro Energy Pvt Ltd           LT Loan           CRISIL B/     320    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Premier Exports International          Export Packing    CRISIL        100    Migrated from
                                       Credit            BB/Stable            CRISIL
                                                                              BB+/Stable
Premier Exports International          Foreign Bill      CRISIL        100    Migrated from
                                       Discounting       BB/Stable            CRISIL
                                                                              BB+/Stable
Premier Exports International          Proposed Standby  CRISIL        20     Migrated from
                                       Line of Credit    BB/Stable            CRISIL
                                                                              BB+/Stable
Prime Hitech Engineering Ltd           BG                CRISIL D      90     -
(Issuer Not Cooperating)
Prime Hitech Engineering Ltd           CC                CRISIL D      112    -
(Issuer Not Cooperating)
Prime Hitech Engineering Ltd           LOC               CRISIL D      140    -
(Issuer Not Cooperating)
Prime Hitech Engineering Ltd           TL                CRISIL D      733    -
(Issuer Not Cooperating)
Prominent Jewel Arcade Pvt Ltd         CC                CRISIL        50     Reaffirmed
                                                         BB+/Stable
Quebec Petroleum Resources Ltd         CC                CRISIL B/     280    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Quebec Petroleum Resources Ltd         TL                CRISIL B/     19.8   Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd     CC                CRISIL B/     65     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Radharaman Stainless Steel Pvt Ltd     Proposed LT Bk    CRISIL B/     5      Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Riches Jewel Arcade Llp                CC                CRISIL        300    Reaffirmed
                                                         BBB/Stable
Riches Jewel Arcade Llp                Proposed CC Limit CRISIL        350    Reaffirmed
                                                         BBB/Stable
Rishabh Sponge Ltd                     CC                CRISIL B/     70     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Roharsh Motors Pvt Ltd                 CC                CRISIL        170    -
                                                         B-/Stable
(Issuer Not Cooperating)
Roharsh Motors Pvt Ltd                 Drop Line         CRISIL        30     -
                                       Overdraft Fac     B-/Stable
(Issuer Not Cooperating)
Royal Shelter                          CC                CRISIL B/     50     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Royal Shelter                          LT Loan           CRISIL B/     60     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Royal Shelter                          Proposed LT Bk    CRISIL B/     180    Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
S. R. Thorat Milk Products Pvt Ltd     CC                CRISIL        40     Reaffirmed
                                                         BBB/Stable
S. R. Thorat Milk Products Pvt Ltd     Proposed LT Bk    CRISIL        15     Reaffirmed
                                       Loan Fac          BBB/Stable
S. R. Thorat Milk Products Pvt Ltd     Proposed Rupee TL CRISIL        800    Reaffirmed
                                                         BBB/Stable
S. R. Thorat Milk Products Pvt Ltd     Rupee TL          CRISIL        115    Reaffirmed
                                                         BBB/Stable
S.K.P.V.V. Hindu High Schools CommitteeSecured Overdraft CRISIL D      100    Downgraded
                                       Fac                                    from CRISIL
                                                                              B+/Stable
(Issuer not cooperating)
Samara Cold Chain                      LT Loan           CRISIL B/     180    -
(Issuer Not Cooperating)                                 Stable 
Sami Spices and Herbs Pvt Ltd          Foreign Bill      CRISIL        115    Reaffirmed
                                       Discounting       B+/Stable
Sami Spices and Herbs Pvt Ltd          Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          B+/Stable
Santosh Steel Industries               LT Loan           CRISIL B/     12.5   Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        Bill Discounting  CRISIL D      6.8    -
                                       under LOC
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        Funded Interest TLCRISIL D      35.7   -
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        LT Loan           CRISIL D      283.8  -
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        Open CC           CRISIL D      35     -
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        WC Demand Loan    CRISIL D      44.8   -
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd        WC TL             CRISIL D      43.9   -
(Issuer Not Cooperating)
Sarvottam Rolling Mills Pvt Ltd        CC                CRISIL B/     120    -
(Issuer Not Cooperating)                                 Stable
Sarvottam Rolling Mills Pvt Ltd        Proposed CC Limit CRISIL B/     19.1   -
(Issuer Not Cooperating)                                 Stable
Sepcon Systems Pvt Ltd                 CC                CRISIL        32.5   Reaffirmed
                                                         BB-/Stable
Sepcon Systems Pvt Ltd                 Proposed LT Bk    CRISIL        15     Reaffirmed
                                       Loan Fac          BB-/Stable
Shankus Biosciences Pvt Ltd            CC                CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Sheen Golden Jewels (india) Pvt Ltd    CC                CRISIL        50     Reaffirmed
                                                         BB+/Stable
Shiv Engineering                       CC                CRISIL        7      Reaffirmed
                                                         BB-/Stable
Shiv Engineering                       TL                CRISIL        83     Reaffirmed
                                                         BB-/Stable
Shivam Steel Corporation               CC                CRISIL B/     50     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Shivam Steel Corporation               Proposed LT Bk    CRISIL B/     30     Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Shivsamarth Motoriders Pvt Ltd         CC                CRISIL B/     10     Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shivsamarth Motoriders Pvt Ltd         Electronic Dealer CRISIL B/     53.5   Revised from
                                       Financing         Stable               CRISIL
                                       Scheme(e-DFS)                          BB+/Stable
(Issuer Not Cooperating)
Shreyans Oils Ltd                      CC                CRISIL B/     60     Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Shreyans Oils Ltd                      Proposed LT Bk    CRISIL B/     65     Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Siddhi Vinayak Roller Flour Mills Pvt  CC                CRISIL B/     50     Revised from
Ltd                                                      Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Siddhi Vinayak Roller Flour Mills Pvt  Proposed LT Bk    CRISIL B/     20     Revised from
Ltd                                    Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Siddhi Vinayak Roller Flour Mills Pvt  TL                CRISIL B/     10     Revised from
Ltd                                                      Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Sitaram Denims India Ltd               CC                CRISIL        75     Downgraded
                                                         BB-/Stable           from CRISIL
                                                                              BB+/Stable
Sitaram Denims India Ltd               Proposed LT Bk    CRISIL        108.1  Downgraded
                                       Loan Fac          BB-/Stable           from CRISIL
                                                                              BB+/Stable
Sitaram Denims India Ltd               TL                CRISIL        566.9  Downgraded
                                                         BB-/Stable           from CRISIL
                                                                              BB+/Stable
Splendour Gold Collections LLP         CC                CRISIL        1550   Reaffirmed
                                                         BBB/Stable
Sri Bapuji Constructions Pvt Ltd       CC                CRISIL        250    Reaffirmed
                                                         BBB-/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Sri Bapuji Constructions Pvt Ltd       Proposed WC Fac   CRISIL        66.8   Reaffirmed
                                                         BBB-/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Sri Bapuji Constructions Pvt Ltd       TL                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Sriratna Packaging                     Proposed LT Bk    CRISIL B/     100    -
                                       Loan Fac          Stable    
(Issuer Not Cooperating)
SRV Modern Rice Mill                   CC                CRISIL        38     Assigned
                                                         B+/Stable
SRV Modern Rice Mill                   WC Demand Loan    CRISIL        30     Assigned
                                                         B+/Stable
State Bank of India                    Tier I Bonds      CRISIL        40000  Assigned
                                       (Under Basel III) AA+/Stable
State Bank of India                    Tier-I Bond Issue CRISIL        241000 Reaffirmed
                                        (Under Basel III)AA+/Stable
State Bank of India                    Tier II Bonds     CRISIL        256100 Reaffirmed
                                       (Under Basel III) AAA/Stable
State Bank of India                    Lower Tier-II     CRISIL        61328.38  -
                                       Bonds (Under      AAA/Stable
                                       Basel II)
(Reaffirmed)
State Bank of India                    Lower Tier-II     CRISIL        134571.62 -
                                       Bonds (Under BaselAAA/Stable
                                       II)
(Withdrawn)
State Bank of India                    Tier-I Perpetual  CRISIL        2000   Reaffirmed
                                       Bonds (Under      AAA/Stable
                                       Basel II)
State Bank of India                    Tier-I Perpetual  CRISIL        31600  Withdrawn
                                       Bonds (under      AAA/Stable
                                       Basel II)
State Bank of India                    Upper Tier-II     CRISIL        5000   Reaffirmed
                                       Bonds (Under BaselAAA/Stable
                                       II)
State Bank of India                    Upper Tier-II     CRISIL        138900 Withdrawn
                                       Bonds (Under BaselAAA/Stable
                                       II) (under Basel II)
State Bank of India                    FD Programme      FAAA/Stable   -      Reaffirmed
Sti Industries                         CC                CRISIL B/     2.5    Revised from
                                                         Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Sudheer Aravind Constructions          TL                CRISIL        85     -
                                                         B+/Stable
(Issuer Not Cooperating)
Sunwatt International Pvt Ltd          CC                CRISIL B/     5      -
(Issuer Not Cooperating)                                 Stable
Sunwatt International Pvt Ltd          Proposed LT Bk    CRISIL B/     35     -
                                       Loan Fac          Stable
(Issuer Not Cooperating)
Suvidha Projects                       TL                CRISIL B/     60     Revised from
                                                         Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Swarna Kamal Jewels India Pvt Ltd      CC                CRISIL        160    Reaffirmed
                                                         BBB-/Stable
SWE Fashions Pvt Ltd                   BG                CRISIL D      0.2    -
(Issuer Not Cooperating)
SWE Fashions Pvt Ltd                   CC                CRISIL D      50     -
(Issuer Not Cooperating)
SWE Fashions Pvt Ltd                   LOC               CRISIL D      10     -
(Issuer Not Cooperating)
SWE Fashions Pvt Ltd                   Proposed LT Bk    CRISIL D      9.8    -
                                       Loan Fac
(Issuer Not Cooperating)
SWE Fashions Pvt Ltd                   TL                CRISIL D      70     -
(Issuer Not Cooperating)
T & U Systems Automobiles Pvt Ltd      CC                CRISIL        55     -
                                                         B+/Stable
(Issuer not cooperating)
T & U Systems Automobiles Pvt Ltd      Proposed LT Bk    CRISIL        135    -
                                       Loan Fac          B+/Stable
(Issuer not cooperating)
T.L.Fashion                            CC                CRISIL        45     -
                                                         B+/Stable
(Issuer not cooperating)
T.L.Fashion                            Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B+/Stable
(Issuer not cooperating)
Tata Motors Finance Ltd                Perpetual Bonds   CRISIL        4150   Assigned
                                                         A/Negative
Tata Motors Finance Ltd                NCDs              CRISIL        56050  Assigned
                                                         AA-/Negative
Tata Motors Finance Ltd                Subordinated Debt CRISIL        14000  Assigned
                                       Programme         AA-/Negative
Tata Motors Finance Solutions Ltd      NCD               CRISIL        10000  Assigned
                                                         AA-/Negative
Tata Motors Finance Solutions Ltd      Subordinated Debt CRISIL        2000   Assigned
                                                         AA-/Negative
Techfab India Industries Ltd           CC                CRISIL        315    Reaffirmed
                                                         BBB+/Stable
Techfab India Industries Ltd           LT Loan           CRISIL        445    Reaffirmed
                                                         BBB+/Stable
Technovaa Plastic Industries Pvt Ltd   CC                CRISIL        180    -
                                                         B-/Stable
(Issuer Not Cooperating)
Technovaa Plastic Industries Pvt Ltd   TL                CRISIL        475    -
                                                         B-/Stable
(Issuer Not Cooperating)
Teena Labs Ltd                         CC                CRISIL        120    -
                                                         B+/Stable
(Issuer Not Cooperating)
The Aircraft Employees Credit          CC                CRISIL B/    200     Revised from
Cooperative Society Ltd                                  Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
The Kalgidhar Society                  Proposed LT Bk    CRISIL B/     136.5  Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
The Kalgidhar Trust                    Proposed LT Bk    CRISIL B/     18.2   Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Thermosol Glass Pvt Ltd                BG                CRISIL D      25     -
(Issuer Not Cooperating)
Thermosol Glass Pvt Ltd                CC                CRISIL D      130    -
(Issuer Not Cooperating)
Thermosol Glass Pvt Ltd                LT Loan           CRISIL D      293.6  -
(Issuer Not Cooperating)
Trans Fab Power India Pvt Ltd          CC                CRISIL        109.5  -
                                                         B+/Stable
(Issuer Not Cooperating)
Trans Fab Power India Pvt Ltd          Proposed LT Bk    CRISIL        20.5   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Travancore Gold India Pvt Ltd          CC                CRISIL        350    Upgraded from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
Triveni Construction co                CC                CRISIL        13.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Triveni Construction co                Proposed FB Bk    CRISIL        11.3   -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Turki Cold Storage and General Mills   CC                CRISIL B/     17     -
(Issuer Not Cooperating)                                 Stable 
Turki Cold Storage and General Mills   LT Loan           CRISIL B/     46     -
(Issuer Not Cooperating)                                 Stable
Turki Cold Storage and General Mills   Proposed LT Bk    CRISIL B/     5.8    -
                                       Loan Fac          Stable 
(Issuer Not Cooperating)
Ultra Trust                            TL                CRISIL D      50     -
(Issuer Not Cooperating)
Uniglobe Mod Travels Pvt Ltd           CC                CRISIL B/     215    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Unique Gems                            Export Packing    CRISIL        215    Reaffirmed
                                       Credit            BBB-/Stable
Unique Gems                            Post Shipment     CRISIL        285    Reaffirmed
                                       Credit            BBB-/Stable
Vardhman Enterprise - Ahmedabad        CC                CRISIL        48     -
                                                         B+/Stable
(Issuer not cooperating)
Vardhman Enterprise - Ahmedabad        Drop Line         CRISIL        44.5   -
                                       Overdraft Fac     B+/Stable
(Issuer not cooperating)
Varnika Jewellers                      Electronic Dealer CRISIL B/     80     Revised from
                                       Financing         Stable               CRISIL
                                       Scheme(e-DFS)                          BB-/Stable
(Issuer Not Cooperating)
Varnika Jewellers                      Proposed LT Bk    CRISIL B/    20      Revised from
                                       Loan Fac          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vasista Life Sciences Pvt Ltd          CC                CRISIL        80     Reaffirmed
                                                         BB/Stable
Vasista Life Sciences Pvt Ltd          LT Bk Fac         CRISIL        5      Reaffirmed
                                                         BB/Stable
Vasista Life Sciences Pvt Ltd          Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BB/Stable
Vasista Life Sciences Pvt Ltd          LT Loan           CRISIL        5      Reaffirmed
                                                         BB/Stable
Vasundhara Power And Infrastructure PvtCC                CRISIL B/     50     Revised from
Ltd                                                      Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vasundhara Power And Infrastructure PvtProposed FB Bk    CRISIL B/     10     Revised from
Ltd                                    Limits            Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vedant Education Trust                 TL                CRISIL B/     188    -
(Issuer Not Cooperating)                                 Stable 
Venkata Suresh Enterprises             CC                CRISIL B/     28     -
(Issuer Not Cooperating)                                 Stable
Venkata Suresh Enterprises             Proposed CC Limit CRISIL B/     10     -
(Issuer Not Cooperating)                                 Stable
Venkata Suresh Enterprises             Proposed LT Bk    CRISIL B/     62     -
                                       Loan Fac          Stable
(Issuer Not Cooperating)
Venkateshwara Dall Industries          CC                CRISIL        60     -
                                                         B+/Stable
(Issuer not cooperating)
Venus Garments India Ltd               LOC & BG          CRISIL D      149.1  -
(Issuer Not Cooperating)
Venus Garments India Ltd               Proposed LT Bk    CRISIL D      31.7   -
                                       Loan Fac
(Issuer Not Cooperating)
Venus Garments India Ltd               TL                CRISIL D      738.3  -
(Issuer Not Cooperating)
Venus Garments India Ltd               WC Fac            CRISIL D      690    -
(Issuer Not Cooperating)
Vibrant Content Pvt Ltd                Proposed LT Bk    CRISIL        101.5  -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Vibrant Content Pvt Ltd                TL                CRISIL        218.5  -
                                                         B+/Stable
(Issuer Not Cooperating)
Vijay V. Salunkhe                      CC                CRISIL        40     -
                                                         B+/Stable
(Issuer Not Cooperating)
Vijaya Energy Plus Pvt Ltd             CC                CRISIL        75     -
                                                         B+/Stable
(Issuer not cooperating)
Vijaya Maruthi Rice Industry           CC                CRISIL        55     -
                                                         B+/Stable
(Issuer Not Cooperating)
Vijaya Maruthi Rice Industry           Proposed LT Bk    CRISIL        44.2   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Vikas Stainless Steel India Pvt Ltd    CC                CRISIL B/    60      Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Vikas Stainless Steel India Pvt Ltd    Electronic Dealer CRISIL B/     290    Revised from
                                       Financing         Stable               CRISIL
                                       Scheme(e-DFS)                          BB+/Stable
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              CC                CRISIL B/     100    Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              Foreign Bill      CRISIL B/     10     Revised from
                                       Purchase          Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              Proposed TL       CRISIL B/     1.1    Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vinayak Ultraflex Pvt Ltd              TL                CRISIL B/     1.4    Revised from
                                                         Stable               CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Vishnu Prakash R Punglia Ltd           Overdraft         CRISIL B/     800    Revised from
                                                         Stable               CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd          CC                CRISIL D      200    -
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd          Funded Interest TLCRISIL D      62.1   -
(Issuer Not Cooperating)
Vishwanath Spinnerz India Ltd          LT Loan           CRISIL D      497.9  -
(Issuer Not Cooperating)
VKN Lakshmi Agro Foods Pvt Ltd         LT Loan           CRISIL B/     50     -
(Issuer Not Cooperating)                                 Stable  
VKN Lakshmi Agro Foods Pvt Ltd         Secured Overdraft CRISIL B/     50     -
                                       Fac               Stable  
(Issuer Not Cooperating)
VRT Logistics Solutions Pvt Ltd        Secured Overdraft CRISIL B/     65     Revised from
                                       Fac               Stable               CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Water Wealth Infratech India Pvt Ltd   CC                CRISIL B/     40     -
(Issuer Not Cooperating)                                 Stable
Webtech Engineering Pvt Ltd            CC                CRISIL D      165    -
(Issuer Not Cooperating)
Yadav Solvex Pvt Ltd                   CC                CRISIL B/     50     -
(Issuer Not Cooperating)                                 Stable
Yadav Solvex Pvt Ltd                   TL                CRISIL B/     71.5   -
(Issuer Not Cooperating)                                 Stable  
Yedeshwari Agro Products Ltd           LT Loan           CRISIL        310    Reaffirmed
                                                         BB/Stable
Yedeshwari Agro Products Ltd           WC Fac            CRISIL        640    Reaffirmed
                                                         BB/Stable



--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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