August 28, 2017 / 5:49 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Aug 28

    Aug 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 24, 2017 and August 25, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alkem Laboratories Ltd                  CP                 CRISIL A1+     7000    Reaffirmed
Alkem Laboratories Ltd                  BG                 CRISIL A1+     250     Reaffirmed
Amrutanjan Health Care Ltd              Overdraft          CRISIL A1      20      Reaffirmed
Apco Vehicles India Pvt Ltd             Inventory Funding  CRISIL A3      35      Upgraded from
                                        Fac                                       CRISIL A4+
Best Knitting Mills Pvt Ltd             BG                 CRISIL A4+     8       Downgraded
                                                                                  from CRISIL A3
Bhagyodaya Motors Pvt Ltd               Channel Financing  CRISIL A4      17.5    Reaffirmed
Bhagyodaya Trokhos Pvt Ltd              Channel Financing  CRISIL A4      30      Reaffirmed
Coastal Agro Industries Ltd             BG                 CRISIL A3      1       Reaffirmed
Coastal Agro Industries Ltd             LOC                CRISIL A3      10      Reaffirmed
Cosmo Ferrites Ltd                      BG                 CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Cosmo Ferrites Ltd                      Export Packing     CRISIL A4      50      Downgraded
                                        Credit                                    from CRISIL
                                                                                  A4+
Cosmo Ferrites Ltd                      LOC                CRISIL A4      80      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Cosmo Ferrites Ltd                      Proposed BG        CRISIL A4      5       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Demosha Chemicals Pvt Ltd               BG                 CRISIL A3      25      Reaffirmed
Demosha Chemicals Pvt Ltd               LOC                CRISIL A3      40      Reaffirmed
Demosha Chemicals Pvt Ltd               Packing Credit     CRISIL A3      20      Reaffirmed
Devi Construction Company               BG                 CRISIL A4      40      Reaffirmed
ECL Finance Ltd                         ST Debt Issue*     CRISIL A1+     25000   Assigned 
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         Short- Term Debt   CRISIL A1+     30000   Reaffirmed
                                        Issue*
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         Short- Term Debt   CRISIL A1+     30000   Reaffirmed
                                        Issue*
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         Short- Term Debt   CRISIL A1+     20000   Reaffirmed
                                        Issue*
*Assigned for initial/ follow-on public offer financing on episodic basis.
ECL Finance Ltd                         Short- Term Debt   CRISIL A1+     36000   Reaffirmed
                                        (including ST NCD) 
ECL Finance Ltd                         Short- Term        CRISIL PP- MLD 12000   Reaffirmed
                                        Principal-         A1+r
                                        Protected Market- Linked Debentures
Edelweiss Commodities Services Ltd      ST Bk Fac          CRISIL A1+     600     Reaffirmed
Edelweiss Commodities Services Ltd      Standby LOC        CRISIL A1+     1520    Reaffirmed
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     20000   Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     10000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     55000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt Issue*     CRISIL A1+     55000   Reaffirmed
*Assigned for initial/ follow-on public offer financing on episodic basis.
Edelweiss Commodities Services Ltd      ST Debt (Including CRISIL A1+     70000   Reaffirmed
                                        ST NCD)
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     25000   Assigned 
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     30000   Reaffirmed 
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     30000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt Issue*     CRISIL A1+     20000   Reaffirmed
*Assigned for initial public offering/ open offer financing on episodic basis
Edelweiss Financial Services Ltd        ST Debt            CRISIL A1+     63500   Reaffirmed
Ferrum Extreme Engineering Pvt Ltd      LOC & BG           CRISIL A3      125     Reaffirmed
Ferrum Extreme Engineering Pvt Ltd      Proposed LOC & BG  CRISIL A3      25      Reaffirmed
Gangadhar Jena                          BG                 CRISIL A4+     150     Reaffirmed
GKB Ophthalmics Ltd                     BG                 CRISIL A4      9       Reaffirmed
GKB Ophthalmics Ltd                     Export Bill        CRISIL A4      10      Reaffirmed
                                        Purchase
                                        -Discounting
GKB Ophthalmics Ltd                     Export Packing     CRISIL A4      15      Reaffirmed
                                        Credit
GKB Ophthalmics Ltd                     LOC                CRISIL A4      32      Reaffirmed
Gouranga Cold Storage Pvt Ltd           BG                 CRISIL A4      4.2     Reaffirmed
GVK Jaipur Expressway Pvt Ltd           BG                 CRISIL A1+     125     Reaffirmed
Hindustan Petroleum Corporation Ltd     Non-FBL            CRISIL A1+     170000  Reaffirmed
Hindustan Petroleum Corporation Ltd     CP Programme       CRISIL A1+     150000  Reaffirmed
Indag Rubber Ltd                        LOC & BG           CRISIL A1      195     Downgraded
                                                                                  from CRISIL
                                                                                  A1+
Issuer Not Cooperating
Indag Rubber Ltd                        Pre Shipment CreditCRISIL A1      25      Downgraded
                                                                                  from CRISIL
                                                                                  A1+
Issuer Not Cooperating
Industrial Safety Products Pvt Ltd      Foreign Bill       CRISIL A3      550     Reaffirmed
                                        Purchase*
*Interchangeable up to Rs.10 crore between packing credit and foreign bill purchase
Industrial Safety Products Pvt Ltd      Packing Credit*    CRISIL A3      100     Reaffirmed
*Interchangeable up to Rs.10 crore between packing credit and foreign bill purchase
Industrial Safety Products Pvt Ltd      Proposed ST Bk     CRISIL A3      120     Reaffirmed
                                        Loan Fac

Industrial Safety Products Pvt Ltd      Standby Foreign    CRISIL A3      130     Reaffirmed
                                        Bill Exchange

Jewel India Pvt Ltd                     Packing Credit     CRISIL A4      50      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Jewel India Pvt Ltd                     Standby LOC        CRISIL A4      145     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Kamadhenu Jewellery Pvt Ltd             BG                 CRISIL A4      75      Assigned
KNK Projects Pvt Ltd                    BG                 CRISIL A4+     80      Reaffirmed
M/s Soma Srinivas Reddy                 BG                 CRISIL A4+     80      Reaffirmed
Mahindra Gears and Transmissions Pvt LtdExport Packing     CRISIL A1+     350     Upgraded from
                                        Credit$                                   CRISIL A1
$Interchangeable with FCNR for working capital to the extent of Rs 35 crore, cash credit to the
extent of Rs 25 crore, FUBD/FBP/PSFC to the extent of Rs 35 crore, letter of credit to the
extent of Rs 35 crore, bank guarantee to the extent of Rs 35 crore, and letter of undertaking to
the extent of Rs 35 crore
Marinelines Shipbreakers Pvt Ltd        LOC                CRISIL A4+     300     Assigned
MIOT Hospitals Pvt Ltd                  LOC                CRISIL A3+     50      Downgraded
                                                                                  from CRISIL A2
MPS Telecom Pvt. Ltd.                   Proposed NFBL      CRISIL A3+     100     Reaffirmed
Watch Developing
MPS Telecom Pvt. Ltd.                   Standby LOC        CRISIL A3+     600     Reaffirmed
Watch Developing
MT Educare Ltd                          Overdraft          CRISIL A2+     50      Downgraded
                                                                                  from CRISIL A1
MYK Schomburg India Pvt Ltd             LOC                CRISIL A3      35      Upgraded from
                                                                                  CRISIL A4+
Nandan Denim Ltd                        BG                 CRISIL A2      23.5    Reaffirmed
Issuer Not Cooperating
Nandan Denim Ltd                        LOC                CRISIL A2      158.5   Reaffirmed
Issuer Not Cooperating
Optiemus Infracom Ltd                   Bill Discounting#  CRISIL A2+     310     Watch
                                                                                  Developing
#Includes sublimit of Rs 10 crore for letter of credit/bank guarantee.
Optiemus Infracom Ltd                   LOC & BG$          CRISIL A2+     350     Watch
                                                                                  Developing
$Includes sublimit of inland/foreign letter of credit Rs 35 crore
Optiemus Infracom Ltd                   Proposed LOC & BG  CRISIL A2+     650     Watch
                                                                                  Developing
Optiemus Infracom Ltd                   Standby LOC        CRISIL A2+     900     Watch
                                                                                  Developing
R. K. Ganapathi Chettiar                Non-FBL            CRISIL A2      50      Assigned
Rasi Graphics Pvt Ltd                   BG                 CRISIL A4+     3       Reaffirmed
Rathna Offset Printers                  BG                 CRISIL A4+     5       Reaffirmed
Shri Karvir Nivasini Mahalaxmi Ispat    BG                 CRISIL A4      11.8    Reaffirmed
Pvt Ltd
Shri Karvir Nivasini Mahalaxmi Ispat    LOC                CRISIL A4      30      Reaffirmed
Pvt Ltd
Sir.M. Visvesvaraya Education Trust     Overdraft          CRISIL A4+     110     Reaffirmed
Southern Tropical Foods Pvt Ltd         BG                 CRISIL A4+     7.5     Reaffirmed
Southern Tropical Foods Pvt Ltd         Foreign Exchange   CRISIL A4+     2.5     Reaffirmed
                                        Forward
Southern Tropical Foods Pvt Ltd         Packing Credit     CRISIL A4+     350     Assigned
Spentika Ceramic Pvt Ltd                BG                 CRISIL A4      8       Reaffirmed
Sree Shiva Ganesh Cotton Industries     BG                 CRISIL A4      1       Assigned
Steel Works and Power Engineers Pvt Ltd Letter Of GuaranteeCRISIL A4+     153     Reaffirmed
Sumitomo Mitsui Banking Corporation     CD                 CRISIL A1+     5000    Assigned
Sun Pharmaceutical Industries Ltd       BG@                CRISIL A1+     260     Reaffirmed
@ Fully interchangeable with letter of credit
Sun Pharmaceutical Industries Ltd       LOC$$              CRISIL A1+     790     Reaffirmed
$$ Fully interchangeable with bank guarantee
Sunshine Infra Engineers India Pvt Ltd  BG                 CRISIL A4+     700     Downgraded
                                                                                  from CRISIL A3
Swarup International                    Packing Credit     CRISIL A4      25      Reaffirmed
Taj Granites Pvt Ltd                    Overdraft          CRISIL A4      38      Assigned
Transpek-Silox Industry Pvt Ltd         CP                 CRISIL A1+     100     Reaffirmed
Transpek-Silox Industry Pvt Ltd         LOC & BG           CRISIL A1+     100     Reaffirmed
Transpek-Silox Industry Pvt Ltd         Packing Credit     CRISIL A1+     206     Reaffirmed
Trela Overseas Pvt Ltd                  Packing Credit*    CRISIL A4+     67.5    Assigned
*Includes sublimit of Rs 6.75 Cr of FDBP
Ujjain Charitable Trust Hospital and    LOC & BG           CRISIL A2+     38      Upgraded from
Research Centre                                                                   CRISIL A2

MEDIUM TERM RATINGS:
-------------------
Hindustan Petroleum Corporation Ltd     FD Programme       FAAA           0       Reaffirmed 


LONG TERM RATINGS:
-------------------
Aananda Lakshmi Spinning Mills Ltd      CC                 CRISIL D       142.9   Reaffirmed
Aananda Lakshmi Spinning Mills Ltd      LT Loan            CRISIL D       188.7   Reaffirmed
Aananda Lakshmi Spinning Mills Ltd      Proposed LT Bk     CRISIL D       48.4    Reaffirmed
                                        Loan Fac
Alkem Laboratories Ltd                  CC*                CRISIL AA+     1000    Upgraded from
                                                                                  CRISIL AA
*Includes Rs 15 crore export packing credit and pre-shipment credit limits
Alkem Laboratories Ltd                  LOC#               CRISIL AA+     500     Upgraded from
                                                                                  CRISIL AA
#Letter of credit can be wholly utilised as cash credit limit
Amrutanjan Health Care Ltd              CC                 CRISIL A-      80      Reaffirmed
Amrutanjan Health Care Ltd              Proposed LT Bk     CRISIL A-      80      Reaffirmed
                                        Loan Fac
Amrutanjan Health Care Ltd              Secured Overdraft  CRISIL A-      20      Reaffirmed
                                        against term
                                        deposits
Andhra Pradesh State Financial          9.48% Bond Series  CRISIL BB+ (SO)2000    Continues on
Corporation                             V/2012*                                   Rating Watch
                                                                                  with Negative
                                                                                  Implications'
* Amount outstanding as on March 31. 2015
Andhra Pradesh State Financial          8.7% Bond Series   CRISIL BB+ (SO)774     Continues on
Corporation                             II/2008*                                  Rating Watch
                                                                                  with Negative
                                                                                  Implications'
* Amount outstanding as on March 31. 2015
Andhra Pradesh State Financial          9.2% Bond Series   CRISIL BB+ (SO)800     Continues on
Corporation                             III/2008*                                 Rating Watch
                                                                                  with Negative
                                                                                  Implications'
* Amount outstanding as on March 31. 2015
Andhra Pradesh State Financial          8.35% Bond Series  CRISIL BB+ (SO)1210    Continues on
Corporation                             IV/2009*                                  Rating Watch
                                                                                  with Negative
                                                                                  Implications'
* Amount outstanding as on March 31. 2015
Andhra Pradesh State Financial          Bonds Series VII & CRISIL BB+ (SO)2080    Continues on
Corporation                             VIII/2014*                                Rating Watch
                                                                                  with Negative
                                                                                  Implications'
* Amount outstanding as on March 31. 2015
Apco Vehicles India Pvt Ltd             CC                 CRISIL BBB-    75      Upgraded from
                                                                                  CRISIL BB
Apco Vehicles India Pvt Ltd             Inventory Funding  CRISIL BBB-    30      Upgraded from
                                        Fac                                       CRISIL BB
Apco Vehicles India Pvt Ltd             LT Loan            CRISIL BBB-    10      Upgraded from
                                                                                  CRISIL BB
Bellad Enterprises Pvt Ltd              CC                 CRISIL B       79      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Best Knitting Mills Pvt Ltd             CC                 CRISIL BB+     224.4   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Best Knitting Mills Pvt Ltd             Proposed LT Bk     CRISIL BB+     104.9   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Best Knitting Mills Pvt Ltd             Rupee TL           CRISIL BB+     257.7   Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Bhagyodaya Motors Pvt Ltd               CC                 CRISIL B       150     Reaffirmed
Bhagyodaya Motors Pvt Ltd               LT Loan            CRISIL B       8.5     Reaffirmed
Bhagyodaya Motors Pvt Ltd               Proposed LT Bk     CRISIL B       18.5    Reaffirmed
                                        Loan Fac
Bhagyodaya Motors Pvt Ltd               Standby Line of    CRISIL B       10      Reaffirmed
                                        Credit
Bhagyodaya Trokhos Pvt Ltd              CC                 CRISIL B       130     Reaffirmed
Bhagyodaya Trokhos Pvt Ltd              LT Loan            CRISIL B       19.6    Reaffirmed
Bhagyodaya Trokhos Pvt Ltd              Proposed LT Bk     CRISIL B       2.9     Reaffirmed
                                        Loan Fac
Bhagyodaya Trokhos Pvt Ltd              Standby Line of    CRISIL B       17.5    Reaffirmed
                                        Credit
Coastal Agro Industries Ltd             CC                 CRISIL BBB-    150     Reaffirmed
Coastal Agro Industries Ltd             LT Loan            CRISIL BBB-    28.5    Reaffirmed
Coastal Agro Industries Ltd             Proposed LT Bk     CRISIL BBB-    17.2    Reaffirmed
                                        Loan Fac
Cosmo Ferrites Ltd                      CC                 CRISIL B+      66.2    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Cosmo Ferrites Ltd                      Proposed CC Limit  CRISIL B+      97.9    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Cosmo Ferrites Ltd                      Proposed TL        CRISIL B+      67.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Cosmo Ferrites Ltd                      Standby Line of    CRISIL B+      10      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB-
Cosmo Ferrites Ltd                      TL                 CRISIL B+      118.4   Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Cosmo Granites Pvt Ltd                  CC                 CRISIL B+      200     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Cosmo Granites Pvt Ltd                  TL                 CRISIL B+      300     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Demosha Chemicals Pvt Ltd               CC                 CRISIL BBB-    100     Reaffirmed
Devi Construction Company               CC                 CRISIL B-      90      Downgraded
                                                                                  from CRISIL B+
ECL Finance Ltd                         CC                 CRISIL AA      20800   Reaffirmed
ECL Finance Ltd                         LT Bk Fac          CRISIL AA      46477.8 Reaffirmed
ECL Finance Ltd                         Proposed LT Bk     CRISIL AA      25022.2 Reaffirmed
                                        Loan Fac**
**interchangeable with short term bank facilities
ECL Finance Ltd                         NCDs               CRISIL AA      41300   Reaffirmed
ECL Finance Ltd                         Subordinated Debt  CRISIL AA      4000    Reaffirmed
ECL Finance Ltd                         LT Principal       CRISIL PP- MLD 10000   Reaffirmed 
                                        Protected Market   AAr
                                        Linked Debentures
ECL Finance Ltd                         Principal-         CRISIL PP- MLD 11900   Reaffirmed 
                                        Protected Equity-  AAr
                                        Linked Debentures
ECL Finance Ltd                         Principal-         CRISIL PP- MLD 350     Reaffirmed 
                                        Protected          AAr
                                        Market- Linked Debentures 
Edelweiss Commodities Services Ltd      LT Bk Fac          CRISIL AA      3250    Reaffirmed
Edelweiss Commodities Services Ltd      Overdraft          CRISIL AA      7000    Reaffirmed
Edelweiss Commodities Services Ltd      Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
**Interchangeable with short term bank facilities
Edelweiss Commodities Services Ltd      NCD                CRISIL AA      30000   Reaffirmed
Edelweiss Commodities Services Ltd      PS                 CRISIL AA      1050    Reaffirmed

Euro Panel Products Pvt Ltd             CC                 CRISIL BB-     100     Assigned
Ferrum Extreme Engineering Pvt Ltd      CC                 CRISIL BBB-    95      Reaffirmed
Ferrum Extreme Engineering Pvt Ltd      LT Loan            CRISIL BBB-    99.5    Reaffirmed
Ferrum Extreme Engineering Pvt Ltd      Proposed LT Bk     CRISIL BBB-    105.5   Assigned
                                        Loan Fac
Gangadhar Jena                          CC                 CRISIL BB+     90      Reaffirmed
Gangadhar Jena                          Proposed LT Bk     CRISIL BB+     10      Assigned
                                        Loan Fac
GKB Ophthalmics Ltd                     CC                 CRISIL B       55      Reaffirmed
GKB Ophthalmics Ltd                     Proposed LT Bk     CRISIL B       30      Assigned
                                        Loan Fac
Gouranga Cold Storage Pvt Ltd           CC                 CRISIL B       124     Upgraded from
                                                                                  CRISIL B-
Gouranga Cold Storage Pvt Ltd           TL                 CRISIL B       8       Upgraded from
                                                                                  CRISIL B-
GVK Jaipur Expressway Pvt Ltd           LT Loan            CRISIL AA-(SO) 1426.2  Reaffirmed
Hindustan Petroleum Corporation Ltd     CC*                CRISIL AAA     40000   Reaffirmed
*Fungible with bank guarantee
Hindustan Petroleum Corporation Ltd     FB Fac             CRISIL AAA     240000  Reaffirmed
Hindustan Petroleum Corporation Ltd     NCD                CRISIL AAA     20000   Assigned
Hindustan Petroleum Corporation Ltd     NCD                CRISIL AAA     9750    Reaffirmed
Indag Rubber Ltd                        CC                 CRISIL A       80      Downgraded
                                                                                  from CRISIL A+
Issuer Not Cooperating
Jagruteshwar Metals Pvt Ltd             CC                 CRISIL B       4.5     Reaffirmed
Jagruteshwar Metals Pvt Ltd             Proposed LT Bk     CRISIL B       20.5    Reaffirmed
                                        Loan Fac
Jagruteshwar Metals Pvt Ltd             TL                 CRISIL B       55      Reaffirmed
K. N. Motors Pvt Ltd                    Electronic Dealer  CRISIL BBB-    160     Upgraded from
                                        Financing                                 CRISIL BB+
                                        Scheme(e-DFS)
Kamadhenu Jewellery Pvt Ltd             CC                 CRISIL B       50      Assigned
Kirubha Exports                         CC                 CRISIL B+      80      Reaffirmed
Kogta Financial India Ltd               Subordinated NCDs  CRISIL BBB-    150     Upgraded from
                                                                                  CRISIL BB+
Krishna Bhagya Jala Nigam Ltd           Bond-Series 2014-B CRISIL AA-     5016    Reaffirmed
Krishna Bhagya Jala Nigam Ltd           Bond-Series 2014-C CRISIL AA-     2484    Reaffirmed
Krishna Bhagya Jala Nigam Ltd           Bond-Series        CRISIL AA-     5120    Reaffirmed
                                        2012-A**
**Amount outstanding as on March 31, 2014
Krishna Bhagya Jala Nigam Ltd           Bond-Series        CRISIL AA-     6445    Reaffirmed
                                        2014-A**
**Amount outstanding as on March 31, 2014
Krishna Bhagya Jala Nigam Ltd           Proposed TL        CRISIL AA-(SO) 15245   Provisional
Krishna Bhagya Jala Nigam Ltd           TL                 CRISIL AA-(SO) 34755   Provisional
M/s Soma Srinivas Reddy                 Overdraft          CRISIL BB      40      Reaffirmed
Mahaveer Cotts Strings Pvt Ltd          CC                 CRISIL B       60      Reaffirmed
Mahindra Gears and Transmissions Pvt LtdProposed LT Bk     CRISIL AA-     490     Upgraded from
                                        Loan Fac                                  CRISIL A+
Marinelines Shipbreakers Pvt Ltd        CC                 CRISIL BB-     50      Assigned
MIOT Hospitals Pvt Ltd                  CC                 CRISIL BBB     180     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
MIOT Hospitals Pvt Ltd                  Corporate Loan     CRISIL BBB     620     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
MIOT Hospitals Pvt Ltd                  Foreign Currency TLCRISIL BBB     80.9    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
MIOT Hospitals Pvt Ltd                  Proposed LT Bk     CRISIL BBB     1062.4  Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
MIOT Hospitals Pvt Ltd                  Standby Line of    CRISIL BBB     15      Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB+
MIOT Hospitals Pvt Ltd                  TL                 CRISIL BBB     1751.7  Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
MPS Telecom Pvt. Ltd.                   Vendor Bill        CRISIL BBB     1000    Reaffirmed
                                        Discounting Limits
Watch Developing
MT Educare Ltd                          TL                 CRISIL A-      500     Reassigned
MYK Schomburg India Pvt Ltd             CC                 CRISIL BBB-    126.5   Upgraded from
                                                                                  CRISIL BB+
Nandan Denim Ltd                        CC                 CRISIL BBB+    1030    Reaffirmed
Issuer Not Cooperating
Nandan Denim Ltd                        Corporate Loan     CRISIL BBB+    250     Reaffirmed
Issuer Not Cooperating
Nandan Denim Ltd                        TL                 CRISIL BBB+    3144.8  Reaffirmed
Issuer Not Cooperating
Newsmen Associates Ltd                  CC                 CRISIL BB      3       Assigned;
                                                                                  Suspension
                                                                                  Revoked
Newsmen Associates Ltd                  TL                 CRISIL BB      16      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Newsmen Associates Ltd                  Proposed LT Bk     CRISIL BB      11      Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Nirmala Automobiles Pvt Ltd             CC                 CRISIL BB-     30      Reaffirmed
Nirmala Automobiles Pvt Ltd             Channel Financing  CRISIL BB-     120     Reaffirmed
Nirmala Automobiles Pvt Ltd             Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Optiemus Infracom Ltd                   CC*                CRISIL A-      200     Watch
                                                                                  Developing
*Includes sublimit of Rs 55 crore for bill discounting/invoice funding.
Optiemus Infracom Ltd                   CC & WC demand loanCRISIL A-      50      Watch
                                                                                  Developing
Optiemus Infracom Ltd                   Channel Financing  CRISIL A-      100     Watch
                                                                                  Developing
Optiemus Infracom Ltd                   Proposed LT Bk     CRISIL A-      1972.9  Watch
                                        Loan Fac                                  Developing
Optiemus Infracom Ltd                   TL                 CRISIL A-      1787.1  Watch
                                                                                  Developing
Prasanna Education Trust                LT Loan            CRISIL D       100     Reaffirmed
R. K. Ganapathi Chettiar                CC                 CRISIL BBB+    150     Reaffirmed
R. K. Ganapathi Chettiar                Export Packing     CRISIL BBB+    100     Assigned
                                        Credit
R. K. Swarn Pvt Ltd                     Drop Line          CRISIL BB-     25      Assigned
                                        Overdraft Fac
R. K. Swarn Pvt Ltd                     Inventory Funding  CRISIL BB-     100     Assigned
                                        Fac
Rai Infrastructure                      CC                 CRISIL B       76      Reaffirmed
Rai Infrastructure                      TL                 CRISIL B       22.9    Reaffirmed
Rasi Graphics Pvt Ltd                   CC                 CRISIL BB+     10      Reaffirmed
Rasi Graphics Pvt Ltd                   LT Loan            CRISIL BB+     37      Reaffirmed
Rathna Offset Printers                  CC                 CRISIL BB+     10      Reaffirmed
Rathna Offset Printers                  Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
Rathna Offset Printers                  TL                 CRISIL BB+     15      Reaffirmed
Rebell Jewels and Gifting Pvt Ltd       CC                 CRISIL B+      80      Assigned
Refkings Cott Soya Pvt Ltd              Proposed TL        CRISIL B       120     Assigned
Sandu Developers                        Proposed LT Bk     CRISIL B       53      Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Sandu Developers                        TL                 CRISIL B       377     Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Sheshadri Industries Ltd                CC                 CRISIL D       164.6   Reaffirmed
Sheshadri Industries Ltd                LT Loan            CRISIL D       345.4   Reaffirmed
Shri Balaji Rice Products Pvt Ltd       CC                 CRISIL BB      90      Reaffirmed
Shri Karvir Nivasini Mahalaxmi Ispat    CC                 CRISIL B+      120     Reaffirmed
Pvt Ltd
Sir.M. Visvesvaraya Education Trust     LT Loan            CRISIL BB+     145     Reaffirmed
Sir.M. Visvesvaraya Education Trust     Proposed LT Bk     CRISIL BB+     15      Reaffirmed
                                        Loan Fac
Southern Tropical Foods Pvt Ltd         Foreign Bill       CRISIL BB+     350     Reaffirmed
                                        Discounting
Southern Tropical Foods Pvt Ltd         LT Loan            CRISIL BB+     207     Reaffirmed
Southern Tropical Foods Pvt Ltd         Proposed LT Bk     CRISIL BB+     43      Assigned
                                        Loan Fac
Spentika Ceramic Pvt Ltd                CC                 CRISIL B       45      Reaffirmed
Spentika Ceramic Pvt Ltd                LT Loan            CRISIL B       60      Reaffirmed
Spentika Ceramic Pvt Ltd                Proposed LT Bk     CRISIL B       12      Reaffirmed
                                        Loan Fac
Sree Shiva Ganesh Cotton Industries     LT Loan            CRISIL B+      44      Assigned
Sree Shiva Ganesh Cotton Industries     CC                 CRISIL B+      50      Assigned
Sri Karvembu Textiles Pvt Ltd           CC                 CRISIL B       45      Upgraded from
                                                                                  CRISIL D
Sri Karvembu Textiles Pvt Ltd           LT Loan            CRISIL B       65      Upgraded from
                                                                                  CRISIL D
Sri Karvembu Textiles Pvt Ltd           Proposed LT Bk     CRISIL B       22.6    Upgraded from
                                        Loan Fac                                  CRISIL D
Steel Works and Power Engineers Pvt Ltd CC                 CRISIL BB-     60      Reaffirmed
Steel Works and Power Engineers Pvt Ltd TL                 CRISIL BB-     1.4     Reaffirmed
Sun Pharmaceutical Industries Ltd       CC$                CRISIL AAA     710     Reaffirmed
$ Interchangeable with working capital demand loan; fully interchangeable with non-fund-based
facilities
Sunco Enterprises                       CC                 CRISIL B+      70      Assigned
Sunshine Infra Engineers India Pvt Ltd  Proposed LT Bk     CRISIL BB+     1050    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Sunshine Infra Engineers India Pvt Ltd  Secured Overdraft  CRISIL BB+     350     Downgraded
                                        Fac                                       from CRISIL
                                                                                  BBB-
Suryavanshi Spinning Mills Ltd          BG                 CRISIL D       6.6     Reaffirmed
Suryavanshi Spinning Mills Ltd          CC                 CRISIL D       143.3   Reaffirmed
Suryavanshi Spinning Mills Ltd          Corporate Loan     CRISIL D       104.3   Reaffirmed
Suryavanshi Spinning Mills Ltd          LT Loan            CRISIL D       97.5    Reaffirmed
Suryavanshi Spinning Mills Ltd          Proposed LT Bk     CRISIL D       48.3    Reaffirmed
                                        Loan Fac
Swarn Cars Pvt Ltd                      CC                 CRISIL BB-     10      Reaffirmed
Swarn Cars Pvt Ltd                      Drop Line          CRISIL BB-     20      Reaffirmed
                                        Overdraft Fac
Swarn Cars Pvt Ltd                      Electronic Dealer  CRISIL BB-     80      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Swarn Cars Pvt Ltd                      LT Loan            CRISIL BB-     3.5     Reaffirmed
Swarn Cars Pvt Ltd                      Proposed LT Bk     CRISIL BB-     6.5     Assigned
                                        Loan Fac
Swarup International                    Bill Discounting   CRISIL B+      31      Reaffirmed
Taj Granites Pvt Ltd                    TL                 CRISIL B+      24.3    Assigned
Tibrewala Electromech Pvt Ltd           CC                 CRISIL BBB-    80      Reaffirmed
Tibrewala Electromech Pvt Ltd           Proposed LT Bk     CRISIL BBB-    80      Reaffirmed
                                        Loan Fac
Tirupati Cotton                         CC                 CRISIL BB      80      Reaffirmed
Transpek-Silox Industry Pvt Ltd         CC                 CRISIL AA      114     Reaffirmed
Transpek-Silox Industry Pvt Ltd         Proposed LT Bk     CRISIL AA      100     Reaffirmed
                                        Loan Fac
Trela Overseas Pvt Ltd                  Proposed TL        CRISIL BB-     17.5    Assigned
Trela Overseas Pvt Ltd                  LT Loan            CRISIL BB-     15      Assigned
Ujjain Charitable Trust Hospital and    CC                 CRISIL BBB+    12      Reaffirmed
Research Centre
Ujjain Charitable Trust Hospital and    LT Loan            CRISIL BBB+    150     Reaffirmed
Research Centre
Ukay Luggage India Pvt Ltd              CC                 CRISIL BB-     60      Reaffirmed
Ukay Luggage India Pvt Ltd              TL                 CRISIL BB-     30      Reaffirmed
Vemparala Venkat Rao Cotton Industries  CC                 CRISIL B       54      Reaffirmed
Vemparala Venkat Rao Cotton Industries  LT Loan            CRISIL B       16.6    Reaffirmed
Vemparala Venkat Rao Cotton Industries  Proposed LT Bk     CRISIL B       9.4     Reaffirmed
                                        Loan Fac
Venture Impex                           CC                 CRISIL B+      99      Assigned
Venture Impex                           Proposed LT Bk     CRISIL B+      51      Assigned
                                        Loan Fac
Vidhatri Motors Pvt Ltd                 CC                 CRISIL B+      7.5     Reaffirmed
Vidhatri Motors Pvt Ltd                 Inventory Funding  CRISIL B+      75      Reaffirmed
                                        Fac
Vidhatri Motors Pvt Ltd                 TL                 CRISIL B+      17.5    Reaffirmed

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

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

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

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

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