December 17, 2018 / 6:49 AM / 7 months ago

CRISIL ratings for Indian debt instruments-Dec 17

    Dec 17 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 14, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aravali Minerals and Chemicals          BG                 CRISIL A3      5       Reaffirmed
Industries Pvt Ltd
Aravali Minerals and Chemicals          Overdraft          CRISIL A3      30      Reaffirmed
Industries Pvt Ltd
Aravali Minerals and Chemicals          Pre Shipment CreditCRISIL A3      30      Reaffirmed
Industries Pvt Ltd
ASL Enterprises Ltd                     BG                 CRISIL A3      20      Upgraded from
                                                                                  CRISIL A4+
Bhansali Engineering Polymers Ltd       LOC                CRISIL A3+     1700    Withdrawn
Bharathi Cartons Pvt Ltd                LOC                CRISIL A4+     15      Reaffirmed
CHW Forge Pvt Ltd                       LOC & BG           CRISIL A2+     280     Reaffirmed
CHW Forge Pvt Ltd                       CP                 CRISIL A2+     400     Reaffirmed
Dalmia Laminators Ltd                   BG                 CRISIL A3      20      Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dalmia Tea Plantation and Industries LtdBG                 CRISIL A3      40      Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Esprit Stones Pvt Ltd                   Overdraft          CRISIL A3      50      Upgraded from
                                                                                  CRISIL A4+
Esprit Stones Pvt Ltd                   Pre Shipment CreditCRISIL A3      20      Upgraded from
                                                                                  CRISIL A4+
Ganpati Enterprises - Muzaffarnagar     Overdraft          CRISIL A4+     70      Reaffirmed
Jaya Hind Industries Ltd                BG                 CRISIL A1      80      Reaffirmed
(Placed on Rating Watch with Positive Implications)
Jaya Hind Industries Ltd                LOC                CRISIL A1      410     Reaffirmed
(Placed on Rating Watch with Positive Implications)
Jaya Hind Industries Ltd                Proposed BG        CRISIL A1      40      Reaffirmed
(Placed on Rating Watch with Positive Implications)
Jaya Hind Industries Ltd                Proposed LOC       CRISIL A1      70      Reaffirmed
(Placed on Rating Watch with Positive Implications)
Kam-Avida Enviro Engineers Pvt Ltd      BG                 CRISIL A4      57.5    Assigned
(Suspension Revoked)
Kam-Avida Enviro Engineers Pvt Ltd      LOC                CRISIL A4      42.5    Assigned
(Suspension Revoked)
Kautam Knits                            Bill Discounting   CRISIL A4      20      Assigned
Laxveer Ceramic LLP                     BG                 CRISIL A4+     20      Assigned
Assigned
Madhuram Construction Co                BG                 CRISIL A4+     115     Assigned
Madras Engineering Industries Pvt Ltd   BG                 CRISIL A1      11      Reaffirmed
Madras Engineering Industries Pvt Ltd   LOC                CRISIL A1      15      Reaffirmed
Madras Engineering Industries Pvt Ltd   Packing Credit     CRISIL A1      400     Reaffirmed
                                        (pre-shipment
                                        credit)*
* Segregated into two limits as (1) Rs. 25 Crores and (2) Rs. 15 Crores. Limit 
(1) Includes sublimit of Rs. 5 Crores for Overdraft Facility, Rs.20 Crores for Short Term Loans,
Rs. 10 Crores for Short Term loans, Rs. 25 Crores for Financial Guarantees / Standby Letter of
Credit (Trade), Rs. 25 Crores for Export Financing, Rs. 25 Crores for import Financing, Rs. 10
Crores for Bonds & Guarantees, Rs. 25 Crores for Import Letters of Credit, Rs. 25 Crores for
Export Bills Discounting Limit
(2) Includes sublimit of Rs. 15 Crores for Export Bills Discounting and Rs. 15 Crores for Export
Financing.
Mahajan Silk Mills Pvt Ltd              BG                 CRISIL A4      1       Reaffirmed
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              Inland/Import LOC  CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Mahaveer Trading Company                BG                 CRISIL A3      5       Reaffirmed
Mahaveer Trading Company                Overdraft          CRISIL A3      80      Reaffirmed
Manas Flour Mills Ltd                   BG                 CRISIL A4+     20      Reaffirmed
(Issuer Not Cooperating)
Mega Link Chains India Pvt Ltd          BG                 CRISIL A4      2       Reaffirmed
(Issuer Not Cooperating)
Navratan Specialty Chemicals LLP        LOC & BG           CRISIL A2      100     Reaffirmed
Nilshikhaa Infraa India Ltd             BG                 CRISIL A3      480     Reaffirmed
Nilshikhaa Infraa India Ltd             Letter Of GuaranteeCRISIL A3      130     Reaffirmed
Parksons Graphics Prop, Abhi - Ani Mfg. BG                 CRISIL A4+     5       Reaffirmed
Co. Pvt Ltd
(Issuer Not Cooperating)
Prachi Leathers Pvt Ltd                 LOC & BG           CRISIL A4+     5       Reaffirmed
(Issuer Not Cooperating)
Ramkrishna Agencies                     BG                 CRISIL A4+     60      Reaffirmed
(Issuer Not Cooperating)
Rasika Motors Pvt Ltd                   BG                 CRISIL A4+     2.5     Reaffirmed
Ravi Realcon Pvt Ltd                    BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Rose Marbles Ltd                        BG                 CRISIL A3      2.5     Reaffirmed
Rose Marbles Ltd                        Overdraft          CRISIL A3      30      Reaffirmed
Rose Marbles Ltd                        Pre Shipment CreditCRISIL A3      30      Reaffirmed
Safari Industries India Ltd             LOC                CRISIL A2+     195     Reaffirmed
Shree Sidhbali Impex Pvt Ltd            LOC                CRISIL A4      100     Reaffirmed
(Issuer Not Cooperating)
Shriram Transport Finance Co. Ltd       BG                 CRISIL A1+     15796.3 Reaffirmed
Shriram Transport Finance Co. Ltd       ST Bk Fac          CRISIL A1+     25812.5 Reaffirmed
Shriram Transport Finance Co. Ltd       CP                 CRISIL A1+     75000   Reaffirmed
SNS Technocorp Pvt Ltd                  LOC & BG           CRISIL A4+     169     Upgraded from
                                                                                  CRISIL A4
Sree Venkateswara Road Constructions    BG                 CRISIL A4+     130     Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
SSR Crest Engineers and Constructions   BG                 CRISIL A4+     130     Migrated from
Ltd                                                                               CRISIL A4
(Issuer Not Cooperating)

Sundaram Finance Ltd                    CP                 CRISIL A1+     60000   Reaffirmed
TAL Manufacturing Solutions Ltd         Bill Discounting   CRISIL A1      150     Reaffirmed
(Continues on Rating Watch with Developing Implications)
TAL Manufacturing Solutions Ltd         LOC & BG           CRISIL A1      3000    Reaffirmed
(Continues on Rating Watch with Developing Implications)
Technocrats Plasma Systems Pvt Ltd      BG                 CRISIL A4      9.5     Reaffirmed
(Issuer Not Cooperating)
Vijay Construction - Beed               BG                 CRISIL A4+     70      Assigned
(Issuer Not Cooperating)
Vijay Iron and Steel Industries         LOC                CRISIL A4+     65      Assigned
Vinayaka Constructions                  BG                 CRISIL A4+     30      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Sundaram Finance Ltd                    FD Programme       FAAA           -       Reaffirmed
Jaya Hind Industries Ltd                FD                 FAA-           500     -
(Placed on Rating Watch with Positive Implications)
Shriram Transport Finance Co. Ltd       FD Programme       FAAA           -       Reaffirmed

LONG TERM RATINGS:
-------------------
Aishwarya Vignan Educational Society    Rating             -              -       -
CRISIL is yet to receive adequate information
Anandeshwar Rice Industries             Proposed WC Fac    CRISIL BB-     28.6    Assigned
Anandeshwar Rice Industries             CC                 CRISIL BB-     50      Assigned
Anandeshwar Rice Industries             LT Loan            CRISIL BB-     21.4    Assigned
Aravali Minerals and Chemicals          Proposed LT Bk     CRISIL BBB-    35      Reaffirmed
Industries Pvt Ltd                      Loan Fac
ASL Enterprises Ltd                     CC                 CRISIL BBB-    145     Upgraded from
                                                                                  CRISIL BB+
ASL Enterprises Ltd                     Channel Financing  CRISIL BBB-    220     Upgraded from
                                                                                  CRISIL BB+
ASL Enterprises Ltd                     Proposed FB Bk     CRISIL BBB-    15      Upgraded from
                                        Limits                                    CRISIL BB+
Balarama Krishna Spinning Mills Pvt Ltd Rating             -              -       -
CRISIL is yet to receive adequate information
Bateli Tea Co. Ltd                      CC                 CRISIL BBB-    230     -
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Bateli Tea Co. Ltd                      LT Loan            CRISIL BBB-    20      -
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Bhansali Engineering Polymers Ltd       CC                 CRISIL BBB     400     Withdrawn
Bharathi Cartons Pvt Ltd                CC                 CRISIL BB-     27      Reaffirmed
Bharathi Cartons Pvt Ltd                Proposed CC Limit  CRISIL BB-     15      Reaffirmed
CHW Forge Pvt Ltd                       CC                 CRISIL A-      385     Reaffirmed
(Outlook revised from Stable)
CHW Forge Pvt Ltd                       External           CRISIL A-      554.9   Reaffirmed
                                        Commercial
                                        Borrowings
(Outlook revised from Stable)
CHW Forge Pvt Ltd                       LT Loan            CRISIL A-      400     Upgraded from
                                                                                  CRISIL A-
CHW Forge Pvt Ltd                       Proposed LT Bk     CRISIL A-      10.1    Upgraded from
                                        Loan Fac                                  CRISIL A-
CHW Forge Pvt Ltd                       TL                 CRISIL A-      100     Upgraded from
                                                                                  CRISIL A-
CHW Forge Pvt Ltd                       WC Demand Loan     CRISIL A-      170     Upgraded from
                                                                                  CRISIL A-
CHW Forge Pvt Ltd                       WC Fac             CRISIL A-      200     Upgraded from
                                                                                  CRISIL A-
Creanza Ceramic Pvt Ltd                 Rating             -              -       -
CRISIL is yet to receive adequate information
Dalmia Laminators Ltd                   CC                 CRISIL BBB-    790     Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dalmia Laminators Ltd                   LT Loan            CRISIL BBB-    330     Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dalmia Tea Plantation and Industries LtdCC                 CRISIL BBB-    420     Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dalmia Tea Plantation and Industries LtdLT Loan            CRISIL BBB-    66.1    Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dalmia Tea Plantation and Industries LtdTL                 CRISIL BBB-    283.9   Reaffirmed
(Revised to Rating Watch with Developing Implications from Rating Watch with Negative
Implications)
Dax Agri Impex                          CC                 CRISIL BB-     145     Assigned
Dax Agri Impex                          LT Loan            CRISIL BB-     15      Assigned
Dr. Govindan's Hospital                 Proposed LT Bk     CRISIL BB+     200     Assigned
                                        Loan Fac
Dyna Automation Pvt Ltd                 Rating             -              -       -
CRISIL is yet to receive adequate information
Esprit Stones Pvt Ltd                   LT Loan            CRISIL BBB-    250     Upgraded from
                                                                                  CRISIL BB+
Esprit Stones Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    100     Upgraded from
                                        Loan Fac                                  CRISIL BB+
Floking Pipes Pvt Ltd                   CC                 CRISIL D       40      Reaffirmed
Floking Pipes Pvt Ltd                   LT Loan            CRISIL D       386.9   Reaffirmed
Floking Pipes Pvt Ltd                   Proposed LT Bk     CRISIL D       3.1     Reaffirmed
                                        Loan Fac
Ganpati Enterprises - Muzaffarnagar     CC                 CRISIL BB      40      Reaffirmed
GLF Lifestyle Brands Pvt Ltd            CC                 CRISIL BBB-    30      Assigned
(Placed on Rating Watch with Positive Implications)
GLF Lifestyle Brands Pvt Ltd            Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
(Placed on Rating Watch with Positive Implications)
Greensol Renewable Power Pvt Ltd        Rating             -              -       -
CRISIL is yet to receive adequate information
India Infoline Finance Ltd              Series A PTCs      Provisional    2365.5  Assigned
                                                           CRISIL AAA (SO)
J. M. D. Industries                     Rating             -              -       -
CRISIL is yet to receive adequate information
Jainam Cables India Pvt Ltd             CC                 CRISIL BB-     100     Assigned
Jaya Hind Industries Ltd                CC                 CRISIL A+      660     Reaffirmed
(Placed on Rating Watch with Positive Implications)
Jaya Hind Industries Ltd                Proposed CC Limit  CRISIL A+      40      Reaffirmed
(Placed on Rating Watch with Positive Implications)
Jaya Hind Industries Ltd                TL                 CRISIL A+      1000    Reaffirmed
(Placed on Rating Watch with Positive Implications)
K. K. Agro Industries                   CC                 CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
Kam-Avida Enviro Engineers Pvt Ltd      CC                 CRISIL B+      110     Assigned
(Suspension Revoked)
Kam-Avida Enviro Engineers Pvt Ltd      Proposed CC Limit  CRISIL B+      10      Assigned
(Suspension Revoked)
Kautam Knits                            Proposed WC Fac    CRISIL B+      5       Assigned
Kautam Knits                            Packing Credit     CRISIL B+      40      Assigned
Kautam Knits                            LT Loan            CRISIL B+      23.5    Assigned
Keechery Engineering Co.                CC                 CRISIL BB-     60      -
(Issuer Not Cooperating)
Keechery Engineering Co.                TL                 CRISIL BB-     15      -
(Issuer Not Cooperating)
Kishan Cotton Ginning and Pressing      CC                 CRISIL BB-     120     Assigned
Factory
(Suspension Revoked)
Krishna Prabhas Agro Oils Pvt Ltd       Rating             -              -       -
CRISIL is yet to receive adequate information
Lal Baba Seamless Tubes Pvt Ltd         CC                 CRISIL BB+     135     Migrated from
                                                                                  CRISIL B-
(Issuer Not Cooperating)
Lal Baba Seamless Tubes Pvt Ltd         TL                 CRISIL BB+     18.2    Migrated from
                                                                                  CRISIL B-
(Issuer Not Cooperating)
Laxveer Ceramic LLP                     TL                 CRISIL BB      170     Assigned
Assigned
Laxveer Ceramic LLP                     CC                 CRISIL BB      80      Assigned
Assigned
Lotus Overseas                          Proposed LT Bk     CRISIL BB-     0.1     Assigned
                                        Loan Fac
Assigned
Lotus Overseas                          CC                 CRISIL BB-     70      Assigned
Assigned
Lotus Overseas                          LT Loan            CRISIL BB-     11.4    Assigned
Assigned
M/s. Rajendra Kumar Sureka & Others     TL                 CRISIL B+      97.5    -
(Issuer Not Cooperating)
Madhuram Construction Co                CC                 CRISIL BB+     55      Assigned
Madras Engineering Industries Pvt Ltd   CC^                CRISIL A       250     Upgraded from
                                                                                  CRISIL A-
^Includes sublimit of Rs 12 Crores for Inland Bills Discounting (IBD), Rs 3 Crores for Export
Packing Credit (EPC) and Rs. 4Crores of Foreign Bill Discounting (FBD).
Madras Engineering Industries Pvt Ltd   Corporate Loan     CRISIL A       150.5   Upgraded from
                                                                                  CRISIL A-
Madras Engineering Industries Pvt Ltd   Proposed LT Bk     CRISIL A       316.6   Upgraded from
                                        Loan Fac                                  CRISIL A-
Maha Sai Laboratories                   CC                 CRISIL BB      40      Assigned
Assigned
Maha Sai Laboratories                   LT Bk Fac          CRISIL BB      60      Assigned
Assigned
Mahajan Silk Mills Pvt Ltd              CC                 CRISIL B+      95.5    Reaffirmed
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              LOC                CRISIL B+      15.7    Reaffirmed
(Issuer Not Cooperating)
Mahaveer Trading Company                Proposed LT Bk     CRISIL BBB-    10      Reaffirmed
                                        Loan Fac
Mahaveer Trading Company                TL                 CRISIL BBB-    5       Reaffirmed
Manas Flour Mills Ltd                   CC                 CRISIL BB+     3       Reaffirmed
(Issuer Not Cooperating)
Manas Flour Mills Ltd                   Proposed LT Bk     CRISIL BB+     32      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Manas Flour Mills Ltd                   TL                 CRISIL BB+     130     Reaffirmed
(Issuer Not Cooperating)
Mega Link Chains India Pvt Ltd          CC                 CRISIL B+      28      Reaffirmed
(Issuer Not Cooperating)
Mega Link Chains India Pvt Ltd          Proposed LT Bk     CRISIL B+      0.4     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Mega Link Chains India Pvt Ltd          TL                 CRISIL B+      39.6    Reaffirmed
(Issuer Not Cooperating)
Milroc Good Earth Property And          Overdraft          CRISIL D       100     Reaffirmed
Developers LLP
(Issuer Not Cooperating)
Milroc Good Earth Property And          TL                 CRISIL D       50      Reaffirmed
Developers LLP
(Issuer Not Cooperating)
Minerva Brigade                         Lease Rental       CRISIL BB-     70      Reaffirmed
                                        Discounting Loan
(Issuer Not Cooperating)
Minerva Brigade                         Proposed LT Bk     CRISIL BB-     55      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
MJR Builders Pvt Ltd                    Proposed LT Bk     CRISIL BB-     450     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
MJR Builders Pvt Ltd                    TL                 CRISIL BB-     200     Reaffirmed
(Issuer Not Cooperating)
Navratan Specialty Chemicals LLP        CC                 CRISIL BBB+    400     Reaffirmed
Navratan Specialty Chemicals LLP        LOC & BG*          CRISIL BBB+    185     Reaffirmed
*One way interchangeability from Letter of Credit to Cash Credit to the extent of Rs
5.00creores.
Navratan Specialty Chemicals LLP        LT Loan            CRISIL BBB+    440.2   Reaffirmed
Navratan Specialty Chemicals LLP        Proposed CC Limit  CRISIL BBB+    1.1     Reaffirmed
Navratan Specialty Chemicals LLP        Proposed LT Bk     CRISIL BBB+    5.6     Reaffirmed
                                        Loan Fac
Neuron Pharma Pvt Ltd                   Proposed LT Bk     CRISIL BB-     73      Assigned
                                        Loan Fac
Nilshikhaa Infraa India Ltd             CC                 CRISIL BBB-    110     Reaffirmed
Nilshikhaa Infraa India Ltd             Overdraft          CRISIL BBB-    70      Reaffirmed
P.K. Cold Storage                       Overdraft          CRISIL B-      60      Reaffirmed
(Issuer Not Cooperating)
P.K. Cold Storage                       TL                 CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Palaniappa Marketing Agencies           CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Parker Estate Developers Pvt Ltd        TL                 CRISIL BB      90      Reaffirmed
(Issuer Not Cooperating)
Parksons Graphics Prop, Abhi - Ani Mfg. CC                 CRISIL BB+     40      Reaffirmed
Co. Pvt Ltd
(Issuer Not Cooperating)
Parksons Graphics Prop, Abhi - Ani Mfg. Proposed LT Bk     CRISIL BB+     64.4    Reaffirmed
Co. Pvt Ltd                             Loan Fac
(Issuer Not Cooperating)
Planet PR Pvt Ltd                       CC                 CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
Plus Medicare Hospitals Pvt Ltd         TL                 CRISIL B+      350     Reaffirmed
(Issuer Not Cooperating)
Poulomi Infra Pvt Ltd                   CC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Poulomi Infra Pvt Ltd                   Proposed LT Bk     CRISIL B       7       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Poulomi Infra Pvt Ltd                   TL                 CRISIL B       73      Reaffirmed
(Issuer Not Cooperating)
Prachi Leathers Pvt Ltd                 CC                 CRISIL BB+     120     Reaffirmed
(Issuer Not Cooperating)
Prachi Leathers Pvt Ltd                 Proposed LT Bk     CRISIL BB+     25      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Premavati Rice Mill                     CC                 CRISIL B+      60      Reaffirmed
(Issuer Not Cooperating)
Premavati Rice Mill                     LT Loan            CRISIL B+      2.5     Reaffirmed
(Issuer Not Cooperating)
Premier Spincot                         CC                 CRISIL BB-     40      Reaffirmed
(Issuer Not Cooperating)
Premier Spincot                         LT Loan            CRISIL BB-     38      Reaffirmed
(Issuer Not Cooperating)
Premier Spincot                         Proposed LT Bk     CRISIL BB-     22      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
R. S. K. Rice Mill                      Rating             -              -       -
CRISIL is yet to receive adequate information
Radhalaxmi Spintex Pvt Ltd              CC                 CRISIL BB      60      Reaffirmed
(Issuer Not Cooperating)
Radhalaxmi Spintex Pvt Ltd              LT Loan            CRISIL BB      270     Reaffirmed
(Issuer Not Cooperating)
Rakesh Masala Pvt Ltd                   CC                 CRISIL BB+     65      Reaffirmed
(Issuer Not Cooperating)
Rakesh Masala Pvt Ltd                   TL                 CRISIL BB+     60      Reaffirmed
(Issuer Not Cooperating)
Ramadas Minerals Pvt Ltd                CC                 CRISIL BB      30      Reaffirmed
(Issuer Not Cooperating)
Ramadas Minerals Pvt Ltd                LT Loan            CRISIL BB      70      Reaffirmed
(Issuer Not Cooperating)
Ramkrishna Agencies                     CC                 CRISIL BB+     430     Reaffirmed
(Issuer Not Cooperating)
Rana Farms and Foods Pvt Ltd            CC                 CRISIL D       36      Reaffirmed
(Issuer Not Cooperating)
Rana Farms and Foods Pvt Ltd            LT Loan            CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Rashmi Housing Spv Pvt Ltd              Proposed LT Bk     CRISIL B+      12.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Rashmi Housing Spv Pvt Ltd              TL                 CRISIL B+      100     Reaffirmed
(Issuer Not Cooperating)
Rasika Motors Pvt Ltd                   CC                 CRISIL BB      10.5    Reaffirmed
Rasika Motors Pvt Ltd                   Inventory Funding  CRISIL BB      146     Reaffirmed
                                        Fac
Rasika Motors Pvt Ltd                   Proposed LT Bk     CRISIL BB      1       Reaffirmed
                                        Loan Fac
Ravi Realcon Pvt Ltd                    CC                 CRISIL B       42.5    Reaffirmed
(Issuer Not Cooperating)
Relan Motors Pvt Ltd                    Inventory Funding  CRISIL BB-     100     Reaffirmed
                                        Fac
(Issuer Not Cooperating)
Riddhi Autowheels Pvt Ltd               Rating             -              -       -
CRISIL is yet to receive adequate information
Rishabh Industries                      Overdraft          CRISIL B+      100     Reaffirmed
(Issuer Not Cooperating)
Rose Marbles Ltd                        Proposed LT Bk     CRISIL BBB-    37.5    Reaffirmed
                                        Loan Fac
RSG Packagings Pvt Ltd                  CC                 CRISIL BB-     65      Reaffirmed
(Issuer Not Cooperating)
RSG Packagings Pvt Ltd                  TL                 CRISIL BB-     15      Reaffirmed
(Issuer Not Cooperating)
S. K. Exports - Kanpur                  Rating             -              -       -
CRISIL is yet to receive adequate information
S. M. Enterprises - Indore              Rating             -              -       -
CRISIL is yet to receive adequate information
S. Rasiklal and Co.                     Adhoc Limit        CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
S. Rasiklal and Co.                     Foreign Exchange   CRISIL D       6       Reaffirmed
                                        Forward
(Issuer Not Cooperating)
S. Rasiklal and Co.                     Packing Credit     CRISIL D       46.5    Reaffirmed
(Issuer Not Cooperating)
S. Rasiklal and Co.                     Post Shipment      CRISIL D       157.5   Reaffirmed
                                        Credit
(Issuer Not Cooperating)
S. Rasiklal and Co.                     Proposed LT Bk     CRISIL D       120     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S.K. Solvent India Pvt Ltd              CC                 CRISIL B+      40      Reaffirmed
(Issuer Not Cooperating)
S.K. Solvent India Pvt Ltd              Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S.K. Solvent India Pvt Ltd              TL                 CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating)
S.R.M. Smart Hoops Pvt Ltd              CC                 CRISIL BB-     32.5    Reaffirmed
(Issuer Not Cooperating)
S.R.M. Smart Hoops Pvt Ltd              TL                 CRISIL BB-     76.7    Reaffirmed
(Issuer Not Cooperating)
Safari Industries India Ltd             CC                 CRISIL A-      669.1   Reaffirmed
(Outlook revised from Stable)
Safari Industries India Ltd             TL                 CRISIL A-      35.9    Reaffirmed
(Outlook revised from Stable)
Sai Krupa Developers                    Rating             -              -       -
CRISIL is yet to receive adequate information
Saishakti Agencies                      CC                 CRISIL BB      250     Reaffirmed
(Issuer Not Cooperating)
Sarin's                                 Rating             -              -       -
CRISIL is yet to receive adequate information
SBM Traansport Applications Pvt Ltd     CC                 CRISIL BB-     40      Assigned
SBM Traansport Applications Pvt Ltd     LT Loan            CRISIL BB-     10      Assigned
Seven Seas Hospitality Pvt Ltd          Rating             -              -       -
CRISIL is yet to receive adequate information
Shetkari Sakhar Karkhana (Chandapuri)   CC                 CRISIL B-      107.3   Reaffirmed
Ltd
(Issuer Not Cooperating)
Shetkari Sakhar Karkhana (Chandapuri)   TL                 CRISIL B-      342.7   Reaffirmed
Ltd
(Issuer Not Cooperating)
Shilpi Construction-Giridih             Rating             -              -       -
CRISIL is yet to receive adequate information
Shir Commodities and Futures Pvt Ltd    Rating             -              -       -
CRISIL is yet to receive adequate information
Shree Ganesh Metaliks Ltd               Rating             -              -       -
CRISIL is yet to receive adequate information
Shree Gowthamee Rice Industries Pvt Ltd Rating             -              -       -
CRISIL is yet to receive adequate information
Shree Halasidhanath Sahakari Sakhar     Rating             -              -       -
Karkhana Ltd
CRISIL is yet to receive adequate information
Shree Ram Sponge and Steels Pvt Ltd     Rating             -              -       -
CRISIL is yet to receive adequate information
Shree Sidhbali Impex Pvt Ltd            CC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Shree Sidhbali Impex Pvt Ltd            Proposed LT Bk     CRISIL B       200     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shree Vaishnav Ispat Pvt Ltd            Rating             -              -       -
CRISIL is yet to receive adequate information
Shri Ram Wire Products Pvt Ltd          CC                 CRISIL BB-     20      Reaffirmed
(Issuer Not Cooperating)
Shri Ram Wire Products Pvt Ltd          Foreign LOC        CRISIL BB-     120     Reaffirmed
(Issuer Not Cooperating)
Shri Ram Wire Products Pvt Ltd          Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shri Sai Ginning and Pressing Factory   CC                 CRISIL BB-     70      Reaffirmed
(Issuer Not Cooperating)
Shri Sai Ginning and Pressing Factory   Proposed LT Bk     CRISIL BB-     10.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shri Sai Ginning and Pressing Factory   TL                 CRISIL BB-     7.5     Reaffirmed
(Issuer Not Cooperating)
Shri Sangam Sahakari Sakkare Karkhane   Proposed LT Bk     CRISIL B       860     -
Niyamit Hidkal-Dam                      Loan Fac
(Issuer Not Cooperating)
Shrid Metal Technologies Pvt Ltd        Rating             -              -       -
CRISIL is yet to receive adequate information
Shriram Transport Finance Co. Ltd       BG                 CRISIL AA+     5500    Reaffirmed
Shriram Transport Finance Co. Ltd       CC & WC demand loanCRISIL AA+     61175   Reaffirmed
Shriram Transport Finance Co. Ltd       LT Bk Fac@         CRISIL AA+     148128.3Reaffirmed
@Long term bank facilities of Rs 1243 crore transferred from Shriram Equipment Finance Company
Limited to Shriram Transport Finance Company Limited upon amalgamation of the former with latter
Shriram Transport Finance Co. Ltd       Proposed LT Bk     CRISIL AA+     106017.9Reaffirmed
                                        Loan Fac
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     10000   Assigned
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     10000   Reaffirmed
Shriram Transport Finance Co. Ltd       NCD                CRISIL AA+     50000   Reaffirmed
Shriram Transport Finance Co. Ltd       NCD                CRISIL AA+     367800  Reaffirmed
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     20000   Reaffirmed
Shriram Transport Finance Co. Ltd       Subordinated Debt #CRISIL AA+     1317    Reaffirmed
#Transferred from Shriram Equipment Finance Company Limited to Shriram Transport Finance Company
Limited upon amalgamation of the former with latter.    
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     15000   Reaffirmed
                                        Issue (Tier II)
                                        Bonds
SNJ Labs Pvt Ltd                        CC                 CRISIL B+      5       Assigned
SNJ Labs Pvt Ltd                        TL                 CRISIL B+      96.8    Assigned
Solnova Power Pvt Ltd                   Rating             -              -       -
CRISIL is yet to receive adequate information
Sree Sobhana Jewellers                  CC                 CRISIL BB      10      Reaffirmed
(Issuer Not Cooperating)
Sree Sobhana Jewellers                  Inventory Funding  CRISIL BB      110     Reaffirmed
                                        Fac
(Issuer Not Cooperating)
Sree Sobhana Jewellers                  LT Loan            CRISIL BB      5       Reaffirmed
(Issuer Not Cooperating)
Sree Sobhana Jewellers                  Proposed CC Limit  CRISIL BB      25      Reaffirmed
(Issuer Not Cooperating)
Sree Sree Gangadhar Rice Mill Pvt Ltd   CC                 CRISIL B+      49      Reaffirmed
(Issuer Not Cooperating)
Sree Venkateswara Road Constructions    CC                 CRISIL BB+     70      Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Sri Hanuman Cotton Ginners              Rating             -              -       -
CRISIL is yet to receive adequate information
Sri Lakshmi Raw & Boiled Rice Mill      Rating             -              -       -
CRISIL is yet to receive adequate information
Sri Shunmugam Jewellers & Co            CC                 CRISIL B       90      Reaffirmed
(Issuer Not Cooperating)
Sri Subam Textiles                      Buyer`s Credit     CRISIL BB-     10      Reaffirmed
(Issuer Not Cooperating)
Sri Subam Textiles                      CC                 CRISIL BB-     60      Reaffirmed
(Issuer Not Cooperating)
Sri Subam Textiles                      LT Loan            CRISIL BB-     90      Reaffirmed
(Issuer Not Cooperating)
SRM Motors Pvt Ltd                      CC                 CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
SRM Motors Pvt Ltd                      Channel Financing  CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
SRM Motors Pvt Ltd                      Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
SRM Motors Pvt Ltd                      Standby Line of    CRISIL B       10      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
SRM Spinners Ltd                        Rating             -              -       -
CRISIL is yet to receive adequate information
SSR Crest Engineers and Constructions   Overdraft          CRISIL BB+     50      Migrated from
Ltd                                                                               CRISIL B
(Issuer Not Cooperating)
Star Cotspin Ltd                        Rating             -              -       -
CRISIL is yet to receive adequate information
Subh Laxmi Cotton Pvt Ltd               CC                 CRISIL BB      80      Reaffirmed
(Issuer Not Cooperating)
Subh Laxmi Cotton Pvt Ltd               TL                 CRISIL BB      11.2    Reaffirmed
(Issuer Not Cooperating)
Subh Laxmi Oil Industries               CC                 CRISIL BB      90      Reaffirmed
(Issuer Not Cooperating)
Subh Laxmi Oil Industries               Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Subha Technical Services Pvt Ltd        Rating             -              -       -
CRISIL is yet to receive adequate information
Sundaram Finance Ltd                    Proposed LT Bk     CRISIL AAA     18500   Reaffirmed
                                        Loan Fac
Sundaram Finance Ltd                    TL                 CRISIL AAA     21500   Assigned
Sundaram Finance Ltd                    Tier-II Bonds      CRISIL AAA     670     Reaffirmed
Sundaram Finance Ltd                    Tier-II Bonds      CRISIL AAA     17001   Reaffirmed
Sundaram Finance Ltd                    NCD                CRISIL AAA     10000   Reaffirmed
Sundaram Finance Ltd                    NCD                CRISIL AAA     31800   Reaffirmed
Super Iron Foundry                      Rating             -              -       -
CRISIL is yet to receive adequate information
Supernova Engineers Ltd                 Rating             -              -       -
CRISIL is yet to receive adequate information
Supreme Solvex Pvt Ltd                  Rating             -              -       -
CRISIL is yet to receive adequate information
Surya Sales and Marketing               CC                 CRISIL BB-     85      Reaffirmed
(Issuer Not Cooperating)
Surya Sales and Marketing               Proposed CC Limit  CRISIL BB-     15      Reaffirmed
(Issuer Not Cooperating)
Surya Shakti Greenlands (P) Ltd.        LT Loan            CRISIL B+      135     Reaffirmed
(Issuer Not Cooperating)
Surya Shakti Greenlands (P) Ltd.        Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sushil Ansal Foundation                 TL                 CRISIL D       248     Reaffirmed
(Issuer Not Cooperating)
T. C. Motors Pvt Ltd                    Rating             -              -       -
CRISIL is yet to receive adequate information
TAL Manufacturing Solutions Ltd         CC                 CRISIL A+      1000    Reaffirmed
(Continues on Rating Watch with Developing Implications)
TAL Manufacturing Solutions Ltd         LT Loan^           CRISIL A+      550     Reaffirmed
(Continues on Rating Watch with Developing Implications),^Interchangeable with letter of credit
up to Rs.55.0 crore

TAL Manufacturing Solutions Ltd         Proposed LT Bk     CRISIL A+      15      Reaffirmed
                                        Loan Fac
(Continues on Rating Watch with Developing Implications)
Technocrats Plasma Systems Pvt Ltd      CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Technocrats Plasma Systems Pvt Ltd      Proposed CC Limit  CRISIL B       0.5     Reaffirmed
(Issuer Not Cooperating)
Transons Overseas India Pvt Ltd         Rating             -              -       -
CRISIL is yet to receive adequate information
Trump Impex Pvt Ltd                     Rating             -              -       -
CRISIL is yet to receive adequate information
V Chitti Babu                           TL                 CRISIL D       114     Downgraded
                                                                                  from CRISIL B
V S N Estates                           Rating             -              -       -
CRISIL is yet to receive adequate information
Veekay Agencies                         Rating             -              -       -
CRISIL is yet to receive adequate information
Veer Oil and General Mills              Rating             -              -       -
CRISIL is yet to receive adequate information
Vibrant Fashions Pvt Ltd                Rating             -              -       -
CRISIL is yet to receive adequate information
Vijay Construction - Beed               CC                 CRISIL BB      50      Assigned
(Issuer Not Cooperating)
Vijay Iron and Steel Industries         Proposed TL        CRISIL BB      15      Assigned
Vijay Kumar Sahu Infrastructure Pvt Ltd Rating             -              -       -
CRISIL is yet to receive adequate information
Vikash Residential Institutions         Rating             -              -       -
CRISIL is yet to receive adequate information
Vinayaka Constructions                  Overdraft          CRISIL BB      50      Reaffirmed
Vinayaka Constructions                  Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
Vinayaka Constructions                  TL                 CRISIL BB      10      Assigned
Vishal Papertech India Ltd              Rating             -              -       -
CRISIL is yet to receive adequate information
Vishal Wheelers Pvt Ltd                 Rating             -              -       -
CRISIL is yet to receive adequate information
Y.M.R. Constructions                    Rating             -              -       -
CRISIL is yet to receive adequate information
--------------------------------------------------------------------------------------------
$: 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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