December 27, 2019 / 6:54 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Dec 27

    Dec 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of December 26, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adani Capital Pvt Ltd                   Proposed ST Bk     CRISIL A1+     1000    Reaffirmed
                                        Loan Fac
Adani Capital Pvt Ltd                   WC Demand Loan     CRISIL A1+     1000    Reaffirmed
Adani Capital Pvt Ltd                   ST NCD             CRISIL A1+     1000    Assigned
Adani Capital Pvt Ltd                   CP                 CRISIL A1+     1500    Reaffirmed
Alpha Packaging Pvt Ltd                 BG                 CRISIL A2      18      Reaffirmed
Ambika Diamonds                         Foreign Bill       CRISIL A4+     180     Reaffirmed
                                        Purchase
Benzo Chem Industries Pvt Ltd           BG                 CRISIL A2+     30      Reaffirmed
Benzo Chem Industries Pvt Ltd           LOC                CRISIL A2+     80      Reaffirmed
Benzo Chem Industries Pvt Ltd           Loan Equivalent    CRISIL A2+     50      Reaffirmed
                                        Risk Limits
Benzo Chem Industries Pvt Ltd           Sales Bill         CRISIL A2+     20      Reaffirmed
                                        Discounting
Blizzard Vitrified LLP                  BG                 CRISIL A4      22.5    Reaffirmed
Dhiman Industrial Fabricators and       Letter Of GuaranteeCRISIL A4+     30      Rating
Designers                                                                         Migrated
(Issuer Not Cooperating)
Diyan Papers LLP                        BG                 CRISIL A4+     30      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Electronet Equipments Pvt Ltd           BG                 CRISIL A4      45      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Electronet Equipments Pvt Ltd           Bill Discounting   CRISIL A4      29      Rating
                                        under LOC                                 Migrated
(Issuer Not Cooperating)
Flovel Energy Pvt Ltd                   BG                 CRISIL A3+     730     Reaffirmed
Flovel Energy Pvt Ltd                   LOC                CRISIL A3+     310     Reaffirmed
Flovel Energy Pvt Ltd                   Proposed LOC & BG  CRISIL A3+     260     Reaffirmed
G.R.K. and Co.                          Bill Discounting   CRISIL A4      100     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
G.R.K. and Co.                          Packing Credit     CRISIL A4      110     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Holoflex Ltd                            Letter Of GuaranteeCRISIL A4+     16      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Holoflex Ltd                            LOC                CRISIL A4+     4       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Jai Parvati Forge Ltd                   BG                 CRISIL A3+     0.5     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Jai Parvati Forge Ltd                   LOC                CRISIL A3+     60      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Jupiter Knitting Company                Export Packing     CRISIL A4+     260     Reaffirmed
                                        Credit
Jupiter Knitting Company                Foreign Bill       CRISIL A4+     190     Reaffirmed
                                        Discounting
Jupiter Knitting Company                LOC                CRISIL A4+     30      Reaffirmed
Link Marble and Granites Pvt Ltd        BG                 CRISIL A4      10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Link Marble and Granites Pvt Ltd        Foreign Exchange   CRISIL A4      2       Rating
                                        Forward                                   Migrated
(Issuer Not Cooperating)
Link Marble and Granites Pvt Ltd        LOC                CRISIL A4      160     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Link Marble and Granites Pvt Ltd        Post Shipment      CRISIL A4      25      Rating
                                        Credit                                    Migrated
(Issuer Not Cooperating)
MAG Solvics Pvt Ltd                     BG                 CRISIL A4+     6       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Mainak Agro Food Product - Burdwan      BG                 CRISIL A4+     3.5     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Manibhai and Brothers                   BG                 CRISIL A4+     70      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Maxim Tubes Company Pvt Ltd             BG                 CRISIL A3      80      Reaffirmed
Maxim Tubes Company Pvt Ltd             LOC                CRISIL A3      450     Reaffirmed
Maxim Tubes Company Pvt Ltd             Packing Credit     CRISIL A3      130     Reaffirmed
Metecno India Pvt Ltd                   BG                 CRISIL A4+     40      Reaffirmed
Metecno India Pvt Ltd                   LOC                CRISIL A4+     180     Reaffirmed
Metecno India Pvt Ltd                   Packing Credit     CRISIL A4+     10      Reaffirmed
Metecno India Pvt Ltd                   Proposed NFBL      CRISIL A4+     194     Reaffirmed
MKU Ltd                                 BG                 CRISIL A4      500     -
(Issuer Not Cooperating)

MKU Ltd                                 Buyer`s Credit     CRISIL A4      220     -
(Issuer Not Cooperating)
MKU Ltd                                 Packing Credit     CRISIL A4      240     -
(Issuer Not Cooperating)
Mohan Clothing Co. Pvt Ltd              Proposed ST Bk     CRISIL A2+     120     -
                                        Loan Fac
Nascent Info Technologies Pvt Ltd       BG                 CRISIL A4      55      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Om Sharda Logistics Pvt Ltd             BG                 CRISIL A4      74      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL A4      58.5    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Paramount Forge                         Letter Of GuaranteeCRISIL A4      66.2    -
(Issuer Not Cooperating)
Prabha Infrastructure Pvt Ltd           BG                 CRISIL A4+     140     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Pradeep Transcore Pvt Ltd               Inland/Import LOC  CRISIL A4      45      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Pragati Automation Pvt Ltd              BG                 CRISIL A4+     2.5     Migrated from
                                                                                  CRISIL A3*
(Issuer Not Cooperating)
Pragati Automation Pvt Ltd              LOC                CRISIL A4+     10      Migrated from
                                                                                  CRISIL A3*
(Issuer Not Cooperating)
Prathmesh Construction                  BG                 CRISIL A4+     200     Reaffirmed
Precision Power Products India Pvt Ltd  BG                 CRISIL A4+     100     Reaffirmed
PRS Hospital Pvt Ltd                    BG                 CRISIL A3+     0.7     Upgraded from
                                                                                  CRISIL A3
Radhika Opto Electronics Pvt Ltd        LOC                CRISIL A4      65      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   BG                 CRISIL A4      12.5    Withdrawn
(Issuer Not Cooperating)
Raffles Green Pet India Pvt Ltd         BG                 CRISIL A4      9.5     -
(Issuer Not Cooperating)
Sankagiri Spintex Ltd                   BG                 CRISIL A4+     19.8    Withdrawn
(Issuer Not Cooperating)
Santosh Infra Power Pvt Ltd             BG                 CRISIL A4+     70      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Saraswati Education Society, Navi MumbaiOverdraft          CRISIL A4      62.5    Assigned
Savino Ceramic Pvt Ltd                  BG                 CRISIL A4      14      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Shraddha Construction Company - BilaspurBG                 CRISIL A4+     19.5    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Speciality Sintered Products Pvt Ltd    Bill Discounting   CRISIL A4+     50      Reaffirmed
Sri Varsha Food Products India Ltd      LOC                CRISIL A4+     100     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Tatva Chintan Pharma Chem Pvt Ltd       BG                 CRISIL A2      10      Upgraded from
                                                                                  CRISIL A3+
Tatva Chintan Pharma Chem Pvt Ltd       LOC                CRISIL A2      45      Upgraded from
                                                                                  CRISIL A3+
Toyota Financial Services India Ltd     CP                 CRISIL A1+     18000   Reaffirmed
United Techfab Pvt Ltd                  BG                 CRISIL A4+     10      Migrated from
                                                                                  CRISIL A4+
Varun Casting Co                        BG                 CRISIL A4      8.5     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Viltans Polyplast                       LOC                CRISIL A4      30      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Viva Infraventure Pvt Ltd               BG                 CRISIL A4      50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
VRC Marine Foods LLP                    Packing Credit     CRISIL A4      58      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Yash Electrical Systems                 BG                 CRISIL A4+     10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Yash Electrical Systems                 Bill Discounting   CRISIL A4+     50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------

Ethos Ltd                               FD                 FB+/Stable     128.7   Revised from
                                                                                  FA-/Stable
(Issuer Not Cooperating),Continues on Notice of Withdrawn


LONG TERM RATINGS:
-------------------
Adani Capital Pvt Ltd                   Proposed LT Bk     CRISIL         5750    Reaffirmed
                                        Loan Fac           AA-/Stable
Adani Capital Pvt Ltd                   TL                 CRISIL         3250    Reaffirmed
                                                           AA-/Stable
Alpha Packaging Pvt Ltd                 CC                 CRISIL         170     Reaffirmed
                                                           BBB+/Stable
Alpha Packaging Pvt Ltd                 Proposed LT Bk     CRISIL         52      Reaffirmed
                                        Loan Fac           BBB+/Stable
Alpha Packaging Pvt Ltd                 TL                 CRISIL         160     Reaffirmed
                                                           BBB+/Stable
Ambica Tea Estate                       Tea Hypothecation  CRISIL         69      Assigned
                                                           B+/Stable
Ambika Diamonds                         Proposed LT Bk     CRISIL         60      Withdrawn
                                        Loan Fac           BB/Stable
Avaada Solarise Energy Pvt Ltd          Proposed BG        CRISIL         225     Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Avaada Solarise Energy Pvt Ltd          Proposed TL        CRISIL         5       Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Avaada Solarise Energy Pvt Ltd          TL                 CRISIL         5140    Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Avaada Solarise Energy Pvt Ltd          WC Fac             CRISIL         130     Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Avaada Solarise Energy Pvt Ltd          Proposed LOC       Provisional    3400    Withdrawn
                                                           CRISIL
                                                           AAA(CE)/Stable^
Benzo Chem Industries Pvt Ltd           Export Packing     CRISIL         270     Reaffirmed
                                        Credit & Export    A-/Stable
                                        Bills Negotiation/Foreign Bill discounting^
^Interchangeable with cash credit to the extent of Rs.15 crore
Benzo Chem Industries Pvt Ltd           TL                 CRISIL         800     Reaffirmed
                                                           A-/Stable
Bhagwati Woven Pvt Ltd                  CC                 CRISIL         45      Assigned
                                                           B+/Stable
Bhagwati Woven Pvt Ltd                  TL                 CRISIL         30.7    Assigned
                                                           B+/Stable
Biswamata Heemghar Pvt Ltd              CC                 CRISIL D       114.4   Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Biswamata Heemghar Pvt Ltd              Proposed LT Bk     CRISIL D       7.6     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-/Stable
Biswamata Heemghar Pvt Ltd              TL                 CRISIL D       11.4    Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Biswamata Heemghar Pvt Ltd              WC Fac             CRISIL D       16.6    Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Blizzard Vitrified LLP                  CC                 CRISIL         70      Reaffirmed
                                                           B+/Stable
Blizzard Vitrified LLP                  TL                 CRISIL         180     Reaffirmed
                                                           B+/Stable
Deepak Builders & Developers            LT Loan            CRISIL B+      300     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Deepak Builders & Developers            Proposed Overdraft CRISIL B+      200     Rating
                                        Fac                                       Migrated
(Issuer Not Cooperating)
Delhi International Airport Ltd         Proposed Rupee TL  CRISIL         56160   Reaffirmed
                                                           AA-/Stable
Delhi International Airport Ltd         WC Fac             CRISIL         3840    Reaffirmed
                                                           AA-/Stable
Designmate India Pvt Ltd                Overdraft          CRISIL D       120     Reaffirmed
Dhiman Industrial Fabricators and       CC                 CRISIL         50      Rating
Designers                                                  BB-/Stable             Migrated
(Issuer Not Cooperating)
Dhiman Industrial Fabricators and       TL                 CRISIL         59.7    Rating
Designers                                                  BB-/Stable             Migrated
(Issuer Not Cooperating)
Diyan Papers LLP                        CC                 CRISIL         150     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Diyan Papers LLP                        TL                 CRISIL         387.2   Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Electronet Equipments Pvt Ltd           CC                 CRISIL         50      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Electronet Equipments Pvt Ltd           LT Loan            CRISIL         36      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Flovel Energy Pvt Ltd                   CC                 CRISIL         135     Reaffirmed
                                                           BBB/Stable
Flovel Energy Pvt Ltd                   LT Loan            CRISIL         45.5    Reaffirmed
                                                           BBB/Stable
Flovel Energy Pvt Ltd                   TL                 CRISIL         19.5    Reaffirmed
                                                           BBB/Stable
Gems Paradise                           Overdraft          CRISIL         80      Assigned
                                                           BB/Stable
Greenparadise Pigments LLP              CC                 CRISIL         31      Assigned
                                                           BB-/Stable
Greenparadise Pigments LLP              TL                 CRISIL         49      Assigned
                                                           BB-/Stable
Holoflex Ltd                            CC                 CRISIL         63.5    Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Holoflex Ltd                            LT Loan            CRISIL         60      Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Holoflex Ltd                            Proposed LT Bk     CRISIL         86.5    Rating
                                        Loan Fac           BB+/Stable             Migrated
(Issuer Not Cooperating)
J. M. Metals                            CC                 CRISIL         125     Assigned
                                                           BB-/Stable
J. M. Metals                            LT Loan            CRISIL         2.5     Assigned
                                                           BB-/Stable
Jai Parvati Forge Ltd                   CC                 CRISIL         194     Migrated from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jai Parvati Forge Ltd                   TL                 CRISIL         5.5     Migrated from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
JM Frictech India Pvt Ltd               Bill Discounting   CRISIL         340     Reaffirmed
                                                           BBB/Stable
JM Frictech India Pvt Ltd               CC                 CRISIL         180     Reaffirmed
                                                           BBB/Stable
JM Frictech India Pvt Ltd               Proposed LT Bk     CRISIL         5.4     Reaffirmed
                                        Loan Fac           BBB/Stable
JM Frictech India Pvt Ltd               TL                 CRISIL         110     Reaffirmed
                                                           BBB/Stable
Jupiter Knitting Company                Proposed LT Bk     CRISIL         220     Reaffirmed
                                        Loan Fac           BB+/Stable
K. Lekshmanan and Co.                   BG                 CRISIL D       3.5     -
(Issuer Not Cooperating)
K. Lekshmanan and Co.                   CC                 CRISIL D       46      -
(Issuer Not Cooperating)
K. Lekshmanan and Co.                   TL                 CRISIL D       15.5    -
(Issuer Not Cooperating)
Keshranand Cotex Pvt Ltd                CC                 CRISIL         40      -
                                                           B+/Stable
(Issuer Not Cooperating)
Keshranand Cotex Pvt Ltd                Proposed LT Bk     CRISIL         100     -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Keshranand Cotex Pvt Ltd                TL                 CRISIL         30      -
                                                           B+/Stable
(Issuer Not Cooperating)
Kohli and Sons                          Channel Financing  CRISIL         110     Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Kun Aerospace Pvt Ltd                   CC                 CRISIL         150     Reaffirmed
                                                           BB/Stable
Kun Aerospace Pvt Ltd                   LT Loan            CRISIL         175     Reaffirmed
                                                           BB/Stable
Kun Aerospace Pvt Ltd                   Proposed LT Bk     CRISIL         175     Reaffirmed
                                        Loan Fac           BB/Stable
Link Marble and Granites Pvt Ltd        CC                 CRISIL         177.5   Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
Link Marble and Granites Pvt Ltd        Proposed LT Bk     CRISIL         95.5    Rating
                                        Loan Fac           B-/Stable              Migrated
(Issuer Not Cooperating)
LPS Bossard Pvt Ltd                     BG                 CRISIL         20      Withdrawn
                                                           BBB+/Stable
LPS Bossard Pvt Ltd                     Bill Discounting   CRISIL         37.5    Withdrawn
                                                           BBB+/Stable
LPS Bossard Pvt Ltd                     CC                 CRISIL         92.5    Withdrawn
                                                           BBB+/Stable
LPS Bossard Pvt Ltd                     Proposed LT Bk     CRISIL         40      Withdrawn
                                        Loan Fac           BBB+/Stable
M2K Entertainment Pvt Ltd               Overdraft          CRISIL         149     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  B+/Stable ;
Rating Withdrawn
(Issuer Not Cooperating)
MAG Solvics Pvt Ltd                     CC                 CRISIL         45      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
MAG Solvics Pvt Ltd                     Proposed WC Fac    CRISIL         5.3     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
MAG Solvics Pvt Ltd                     TL                 CRISIL         22.5    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Mainak Agro Food Product - Burdwan      CC                 CRISIL BB      50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Manibhai and Brothers                   CC                 CRISIL         20      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Mark International Foods Stuff Pvt Ltd  CC                 CRISIL         120     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Mark International Foods Stuff Pvt Ltd  Proposed CC Limit  CRISIL         30      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Maxim Tubes Company Pvt Ltd             Bill Discounting   CRISIL         50      Reaffirmed
                                                           BBB-/Stable
Maxim Tubes Company Pvt Ltd             CC                 CRISIL         50      Reaffirmed
                                                           BBB-/Stable
Maxim Tubes Company Pvt Ltd             Credit Limit Under CRISIL         16      Reaffirmed
                                        Gold Card          BBB-/Stable
Maxim Tubes Company Pvt Ltd             LT Loan            CRISIL         134     Reaffirmed
                                                           BBB-/Stable
Metecno India Pvt Ltd                   CC                 CRISIL         50      Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
Metecno India Pvt Ltd                   Foreign Bill       CRISIL         10      Upgraded from
                                        Discounting        BB+/Stable             CRISIL
                                                                                  BB/Stable
Metecno India Pvt Ltd                   TL                 CRISIL         96      Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
Metecno India Pvt Ltd                   Standby Line of    CRISIL         20      Upgraded from
                                        Credit             BB+/Stable             CRISIL
                                                                                  BB/Stable
MKU Ltd                                 CC                 CRISIL B/Stable350     -
(Issuer Not Cooperating)
MKU Ltd                                 Standby LOC        CRISIL B/Stable120     -
(Issuer Not Cooperating)
MKU Ltd                                 TL                 CRISIL B/Stable254.5   -
(Issuer Not Cooperating)
Mohan Clothing Co. Pvt Ltd              CC                 CRISIL         350     -
                                                           A-/Stable
Mohan Clothing Co. Pvt Ltd              TL                 CRISIL         130     -
                                                           A-/Stable
Mohan Clothing Co. Pvt Ltd              WC Fac             CRISIL         400     -
                                                           A-/Stable
Mohan Steel Corporation                 Electronic Dealer  CRISIL         160     Reaffirmed
                                        Financing          BBB-/Stable
                                        Scheme(e-DFS)
Mohan Steel Corporation                 Overdraft          CRISIL         25      Reaffirmed
                                                           BBB-/Stable
Mohan Steel Corporation                 Proposed Inventory CRISIL         65      Reaffirmed
                                        Funding            BBB-/Stable
Naik Frozen Foods Pvt Ltd               Packing Credit     CRISIL         330     Assigned
                                        (pre-shipment      BB/Stable
                                        credit)
Nascent Info Technologies Pvt Ltd       CC                 CRISIL         40      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
OM Energy Generation Pvt Ltd            Proposed LT Bk     CRISIL         16.5    Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
OM Energy Generation Pvt Ltd            Rupee TL           CRISIL         383.5   Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL         2.5     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
P. C. Industries                        CC                 CRISIL B/Stable55      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
P. C. Industries                        TL                 CRISIL B/Stable19.9    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Parameswara Cotton Mills                CC                 CRISIL         90      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Parameswara Cotton Mills                LT Loan            CRISIL         7       Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Parameswara Cotton Mills                Proposed LT Bk     CRISIL         3       Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Paramount Forge                         CC                 CRISIL         95      -
                                                           B+/Stable
(Issuer Not Cooperating)
Paramount Forge                         Foreign Usance     CRISIL         15      -
                                        Bills Purchase -   B+/Stable
                                        Discounting
(Issuer Not Cooperating)
Paramount Forge                         Proposed LT Bk     CRISIL         222.3   -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Prabha Infrastructure Pvt Ltd           CC                 CRISIL         15      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Prabha Infrastructure Pvt Ltd           Proposed BG        CRISIL         10      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Prabha Infrastructure Pvt Ltd           Proposed CC Limit  CRISIL         35      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Pradeep Transcore Pvt Ltd               CC                 CRISIL         55      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Pragati Automation Pvt Ltd              CC                 CRISIL         300     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable*
(Issuer Not Cooperating)
Pragati Automation Pvt Ltd              Packing Credit     CRISIL         300     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable*
(Issuer Not Cooperating)
Pragati Automation Pvt Ltd              TL                 CRISIL         702.5   Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable*
(Issuer Not Cooperating)
Prathmesh Construction                  CC                 CRISIL         150     Reaffirmed
                                                           BB+/Stable
Outlook revised from Positive
Precision Power Products India Pvt Ltd  CC                 CRISIL         60      Reaffirmed
                                                           BB/Stable
PRS Hospital Pvt Ltd                    CC                 CRISIL         20      Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
PRS Hospital Pvt Ltd                    Proposed LT Bk     CRISIL         84.2    Upgraded from
                                        Loan Fac           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
PRS Hospital Pvt Ltd                    Standby Line of    CRISIL         1.5     Upgraded from
                                        Credit             BBB/Stable             CRISIL
                                                                                  BBB-/Stable
PRS Hospital Pvt Ltd                    TL                 CRISIL         60      Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Rachna Metal Industries Pvt Ltd         CC                 CRISIL         160.9   Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Radhika Opto Electronics Pvt Ltd        Bill Discounting   CRISIL         210     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Radhika Opto Electronics Pvt Ltd        CC                 CRISIL         150     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Radhika Opto Electronics Pvt Ltd        Proposed LT Bk     CRISIL         25      Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Radiant Lubes Pvt Ltd                   CC                 -              90      Withdrawn
(Issuer Not Cooperating)
Raffles Green Pet India Pvt Ltd         CC                 CRISIL         40      -
                                                           B-/Stable
(Issuer Not Cooperating)
Raffles Green Pet India Pvt Ltd         Proposed LT Bk     CRISIL         1       -
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Raffles Green Pet India Pvt Ltd         TL                 CRISIL         49.5    -
                                                           B-/Stable
(Issuer Not Cooperating)
Ram Lal Aneja Foods Pvt Ltd             CC                 CRISIL D       260     Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Ram Lal Aneja Foods Pvt Ltd             WC Demand Loan     CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Recore Ceramic                          CC                 CRISIL         30      -
                                                           B+/Stable
(Issuer Not Cooperating)
Recore Ceramic                          Proposed LT Bk     CRISIL         27.5    -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Recore Ceramic                          TL                 CRISIL         67.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Rudra Flour Mills                       TL                 CRISIL         5       Assigned
                                                           B+/Stable
Rudra Flour Mills                       CC                 CRISIL         20      Assigned
                                                           B+/Stable
Rudra Flour Mills                       Proposed LT Bk     CRISIL         35      Assigned
                                        Loan Fac           B+/Stable
S. T. Dyeing                            Proposed CC Limit  CRISIL         20      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
S. T. Dyeing                            Proposed FB Bk     CRISIL         5       Rating
                                        Limits             B+/Stable              Migrated
(Issuer Not Cooperating)
S. T. Dyeing                            Proposed TL        CRISIL         65      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
S.V.C. Projects Pvt Ltd                 BG                 CRISIL D       540     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
S.V.C. Projects Pvt Ltd                 CC                 CRISIL D       410     Downgraded
                                                                                  from 'CRISIL
                                                                                  BB+/Stable
S.V.C. Projects Pvt Ltd                 LT Loan            CRISIL D       150     Downgraded
                                                                                  from 'CRISIL
                                                                                  BB+/Stable
Sai Carton Manufacturing Company Pvt LtdCC                 CRISIL B/Stable45      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sai Carton Manufacturing Company Pvt LtdProposed TL        CRISIL B/Stable25      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sai Carton Manufacturing Company Pvt LtdRupee TL           CRISIL B/Stable10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sankagiri Spintex Ltd                   CC                 CRISIL         70      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Sankagiri Spintex Ltd                   LT Loan            CRISIL         10.2    Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Santosh Infra Power Pvt Ltd             CC                 CRISIL         40      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Saraswati Education Society, Navi MumbaiTL                 CRISIL B-      182.5   Assigned
Suspension Revoked
Saraswati Education Society, Navi MumbaiSecured Overdraft  CRISIL B-      5       Assigned
                                        against term
                                        deposits
Suspension Revoked
Savino Ceramic Pvt Ltd                  CC                 CRISIL         25      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Savino Ceramic Pvt Ltd                  Proposed LT Bk     CRISIL         36      Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Savino Ceramic Pvt Ltd                  TL                 CRISIL         25      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shanker Plastic Products                TL                 CRISIL         40      Assigned
                                                           BB-/Stable
Shanker Plastic Products                CC                 CRISIL         88.5    Assigned
                                                           BB-/Stable
Shanker Plastic Products                Proposed FB Bk     CRISIL         21.5    Assigned
                                        Limits             BB-/Stable
Sharvi Packaging Solutions Pvt Ltd      CC                 CRISIL         10      Reaffirmed
                                                           BB-/Stable
Sharvi Packaging Solutions Pvt Ltd      CC/ Overdraft Fac  CRISIL         75      Reaffirmed
                                                           BB-/Stable
Shraddha Construction Company - BilaspurCC                 CRISIL BB      50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Shraddha Construction Company - BilaspurProposed WC Fac    CRISIL BB      130.5   Rating
                                                                                  Migrated
(Issuer Not Cooperating)
SNJ Distillers Pvt Ltd                  CC                 CRISIL BBB+    600     Continues on
                                                                                  Rating Watch
                                                                                  with
Developing Implications
SNJ Distillers Pvt Ltd                  LT Loan            CRISIL BBB+    950     Continues on
                                                                                  Rating Watch
                                                                                  with
Developing Implications
SNJ Distillers Pvt Ltd                  Proposed LT Bk     CRISIL BBB+    140     Continues on
                                        Loan Fac                                  Rating Watch
                                                                                  with
Developing Implications
Speciality Sintered Products Pvt Ltd    CC                 CRISIL         160     Downgraded
                                                           BB/Stable              from CRISIL
                                                                                  BB+/Stable
Speciality Sintered Products Pvt Ltd    Proposed TL        CRISIL         1       Downgraded
                                                           BB/Stable              from CRISIL
                                                                                  BB+/Stable
Speciality Sintered Products Pvt Ltd    TL                 CRISIL         205     Downgraded
                                                           BB/Stable              from CRISIL
                                                                                  BB+/Stable
Sri Srinivasa Dairy Products Pvt Ltd    CC                 CRISIL         40      Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Sri Srinivasa Dairy Products Pvt Ltd    TL                 CRISIL         80      Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Sri Srinivasa Dairy Products Pvt Ltd    WC Demand Loan     CRISIL         60      Upgraded from
                                                           BBB/Stable             CRISIL
                                                                                  BBB-/Stable
Sri Varsha Food Products India Ltd      CC                 CRISIL         450     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Sri Varsha Food Products India Ltd      LT Loan            CRISIL         121.1   Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Sri Varsha Food Products India Ltd      Proposed LT Bk     CRISIL         78.9    Rating
                                        Loan Fac           BB+/Stable             Migrated
(Issuer Not Cooperating)
Stone Shippers Ltd                      Export Packing     CRISIL         70      Reaffirmed
                                        Credit             BBB/Stable
Sundaram Packaging India Pvt Ltd        CC                 CRISIL         195.5   Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB/Stable*
(Issuer Not Cooperating)
Sunkon Energy Pvt Ltd                   LT Loan            CRISIL         528.8   Rating
                                                           BBB/Stable             Migrated
(Issuer Not Cooperating)
Sunkon Energy Pvt Ltd                   Proposed LT Bk     CRISIL         402.7   Rating
                                        Loan Fac           BBB/Stable             Migrated
(Issuer Not Cooperating)
Tata Investment Corporation Ltd         NCD                CRISIL         100     Reaffirmed
                                                           AAA/Stable
Tatva Chintan Pharma Chem Pvt Ltd       CC                 CRISIL         150     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Tatva Chintan Pharma Chem Pvt Ltd       Proposed CC Limit  CRISIL         63.2    Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Tatva Chintan Pharma Chem Pvt Ltd       TL                 CRISIL         460     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
Tatva Chintan Pharma Chem Pvt Ltd       WC Loan            CRISIL         200     Upgraded from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB/Positive
The Footprints Ranthambhore             CC                 CRISIL         20      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
The Footprints Ranthambhore             LT Loan            CRISIL         82.5    Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
TI Automotives Pvt Ltd                  Drop Line          CRISIL         20      Rating
                                        Overdraft Fac      BB/Stable              Migrated
(Issuer Not Cooperating)
TI Automotives Pvt Ltd                  Inventory Funding  CRISIL         120     Rating
                                        Fac                BB/Stable              Migrated
(Issuer Not Cooperating)
Tirupati Steel Enterprises              CC                 CRISIL         200     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Toyota Financial Services India Ltd     CC & WC demand loanCRISIL         1000    Reaffirmed
                                                           AAA/Stable
Toyota Financial Services India Ltd     CC & WC demand loanCRISIL         2000    Reaffirmed
                                                           AAA/Stable
Toyota Financial Services India Ltd     Medium TL          CRISIL         2000    Reaffirmed
                                                           AAA/Stable
Toyota Financial Services India Ltd     WC Loan            CRISIL         7700    Reaffirmed
                                                           AAA/Stable
Toyota Financial Services India Ltd     NCD                CRISIL         21200   Reaffirmed
                                                           AAA/Stable
(Reduced from Rs.3020 Crore)
Tulsi Rocks Pvt Ltd                     CC                 CRISIL D       20      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Tulsi Rocks Pvt Ltd                     Export Packing     CRISIL D       30      Rating
                                        Credit                                    Migrated
(Issuer Not Cooperating)
Tulsi Rocks Pvt Ltd                     LT Loan            CRISIL D       150     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
TVS Sensing Solutions Pvt Ltd           Proposed LT Bk     CRISIL         35      Reaffirmed
                                        Loan Fac           BBB+/Stable
TVS Sensing Solutions Pvt Ltd           TL                 CRISIL         105     Reaffirmed
                                                           BBB+/Stable
TVS Sensing Solutions Pvt Ltd           WC Fac*            CRISIL         100     Reaffirmed
                                                           BBB+/Stable
*Including sub-limit of INR 2 Cr for Bank Guarantee & INR 2 Cr for LC
U. K. Paper Converters Pvt Ltd          CC                 CRISIL B/Stable50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
U. K. Paper Converters Pvt Ltd          Proposed FB Bk     CRISIL B/Stable50      Rating
                                        Limits                                    Migrated
(Issuer Not Cooperating)
United Techfab Pvt Ltd                  CC                 CRISIL         20      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB/Stable
United Techfab Pvt Ltd                  Proposed LT Bk     CRISIL         20      Migrated from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  BB/Stable
United Techfab Pvt Ltd                  TL                 CRISIL         233.5   Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB/Stable
Upasana Jewellers Pvt Ltd               Electronic Dealer  CRISIL         150     Rating
                                        Financing          BB/Stable              Migrated
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Upasana Jewellers Pvt Ltd               Proposed LT Bk     CRISIL         150     Rating
                                        Loan Fac           BB/Stable              Migrated
(Issuer Not Cooperating)
Vamshi Sai Rice Industries              CC                 CRISIL         45      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Vamshi Sai Rice Industries              Proposed LT Bk     CRISIL         82.5    Rating
                                        Loan Fac           BB-/Stable             Migrated
(Issuer Not Cooperating)
Vamshi Sai Rice Industries              SME Credit         CRISIL         2.5     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Varun Casting Co                        CC                 CRISIL         15      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Varun Casting Co                        TL                 CRISIL         177.3   Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Varun Casting Co                        WC TL              CRISIL         12.3    Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Vijay Breeding Farm and Hatcheries      CC                 CRISIL         52.5    Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Vijay Breeding Farm and Hatcheries      TL                 CRISIL         12.7    Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Viltans Polyplast                       CC                 CRISIL         45      Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
VRC Marine Foods LLP                    CC                 CRISIL         40      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
VRC Marine Foods LLP                    Proposed CC Limit  CRISIL         2       Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Wyan Industries Pvt Ltd                 CC                 CRISIL         160     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Wyan Industries Pvt Ltd                 Proposed TL        CRISIL         23.2    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Wyan Industries Pvt Ltd                 TL                 CRISIL         116.8   Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Yash Electrical Systems                 CC                 CRISIL         40      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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