February 25, 2020 / 10:21 AM / a month ago

CRISIL ratings for Indian debt instruments-Feb 25

    Feb 25  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of February 24, 2020.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A V Rambabu Infra Pvt Ltd               BG                 CRISIL A4+     250     Reaffirmed
A.Ramanathan & Company                  BG                 CRISIL A4      20      -
(Issuer Not Cooperating)
Aaditya Foam Industries LLP             LOC                CRISIL A4+     20      -
(Issuer Not Cooperating)
Acoustics India Pvt Ltd                 BG                 CRISIL A4      40      -
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                LOC Bill           CRISIL A4+     7.5     -
                                        Discounting
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                LOC & BG           CRISIL A4+     39.7    -
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                Sales Bill         CRISIL A4+     30      -
                                        Discounting
(Issuer Not Cooperating)
Al-Faheem Meatex Pvt Ltd                Proposed Packing   CRISIL A4+     50      -
                                        Credit
(Issuer Not Cooperating)
A-One Foot Arts Pvt Ltd                 LOC & BG           CRISIL A4+     30      -
(Issuer Not Cooperating)
A-One Foot Arts Pvt Ltd                 Proposed LOC & BG  CRISIL A4+     7.4     -
(Issuer Not Cooperating)
A-One Footwears Pvt Ltd                 LOC & BG           CRISIL A4+     22.5    -
(Issuer Not Cooperating)
Arcanjo Constructions Pvt Ltd           BG                 CRISIL A4      20      -
(Issuer Not Cooperating)
Arcanjo Constructions Pvt Ltd           LOC                CRISIL A4      20      -
(Issuer Not Cooperating)
Arihant Tiles And Marbles Pvt. Ltd.     BG                 CRISIL A4+     2.5     -
(Issuer Not Cooperating)
Arsha Seafood Exports                   Packing Credit     CRISIL A4      100     -
(Issuer Not Cooperating)
Ashish Enterprises                      BG                 CRISIL A4+     90      -
(Issuer Not Cooperating)
Ashok Kumar - Ara                       BG                 CRISIL A4+     10      -
(Issuer Not Cooperating)
Ashok Kumar - Ara                       Overdraft          CRISIL A4+     20      -
(Issuer Not Cooperating)
ASL Enterprises Ltd                     BG                 CRISIL A3      25      Reaffirmed
Baba Baidhnath Agro Cold Storage Pvt LtdOverdraft          CRISIL A4      2.9     -
(Issuer Not Cooperating)
Baliga Fishnets                         BG                 CRISIL A2      10      Reaffirmed
Baliga Fishnets                         Proposed NFBL      CRISIL A2      56.7    Reaffirmed
Bharat Construction                     BG                 CRISIL A4+     80      -
(Issuer Not Cooperating)
Bharat Road Carrier Pvt Ltd             BG                 CRISIL A4+     45      -
(Issuer Not Cooperating)
Bharti Airtel Ltd                       CP                 CRISIL A1+     150000  Reaffirmed
Bharti Enterprises (Holding) Pvt Ltd    CP                 CRISIL A1+     23000   Reaffirmed
Bharti Hexacom Ltd                      CP                 CRISIL A1+     25000   Reaffirmed
Bharti Telecom Ltd                      CP                 CRISIL A1+     70000   Reaffirmed
Bommidala Ventures Pvt Ltd              BG                 CRISIL A4      10      Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'
Bommidala Ventures Pvt Ltd              Packing Credit     CRISIL A4      480     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'
CKL Projects                            BG                 CRISIL A4+     10      -
(Issuer Not Cooperating)
CKL Projects                            Overdraft          CRISIL A4+     40      -
(Issuer Not Cooperating)
Cotton Works                            BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
Creative Peripherals And Distribution   LOC                CRISIL A3+     135     Assigned
Ltd
Devendran Coal International Pvt Ltd    BG                 CRISIL A4+     10      Reaffirmed
G. Shaji                                BG                 CRISIL A4      10      -
(Issuer Not Cooperating)
Geo-Tech Infrastructure                 BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
Gilgal Cashew Exports                   Overdraft          CRISIL A4      10      -
(Issuer Not Cooperating)
Gilgal Cashew Exports                   Packing Credit     CRISIL A4      65      -
(Issuer Not Cooperating)
Goldstab Organics Pvt Ltd               LOC                CRISIL A2+     80      Reaffirmed
Gupta Enterprises (Delhi)               BG                 CRISIL A4+     135     -
(Issuer Not Cooperating)
Guru Nanak Forging Pvt Ltd              BG                 CRISIL A4+     7.5     Reaffirmed
(Issuer Not Cooperating)
Guru Nanak Forging Pvt Ltd              Overdraft          CRISIL A4+     25      Reaffirmed
(Issuer Not Cooperating)
HRK Hospitality                         Overdraft          CRISIL A4      12.5    Assigned
Indicon Construction Pvt Ltd            BG                 CRISIL A4      19      Reaffirmed
Iworld Business Solutions Pvt Ltd       BG                 CRISIL A4+     150     -
(Issuer Not Cooperating)
Jewel India Pvt Ltd                     Packing Credit     CRISIL A4      50      -
(Issuer Not Cooperating)
Jewel India Pvt Ltd                     Standby LOC        CRISIL A4      145     -
(Issuer Not Cooperating)
Joygopal Food Products Pvt Ltd          BG                 CRISIL A4      10      -
(Issuer Not Cooperating)
Kamadhenu Feeds Pvt Ltd                 BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
Kishori Sarees Pvt Ltd                  Overdraft          CRISIL A4+     60      -
(Issuer Not Cooperating)
Kreya Infratech Pvt Ltd                 BG                 CRISIL A4+     60      -
(Issuer Not Cooperating)
Krishna Mineral Industries              Proposed ST Bk     CRISIL A4+     18      -
                                        Loan Fac
(Issuer Not Cooperating)
Krishnae Infrastructure Pvt Ltd         BG                 CRISIL A3+     450     Reaffirmed
L&T Shipbuilding Ltd                    Proposed NFBL      CRISIL A1+     8000    Reaffirmed
Laxmi Narain Infrabuild Pvt Ltd         BG                 CRISIL A4      30      -
(Issuer Not Cooperating)
Maa Prabhabati Rice Mill                BG                 CRISIL A4      5       -
(Issuer Not Cooperating)
Malhotra Electronics Pvt Ltd            Bill Discounting   CRISIL A4+     100     Reaffirmed
                                        under LOC
Malhotra Electronics Pvt Ltd            LOC                CRISIL A4+     340     Reaffirmed
Mayur Textiles                          BG                 CRISIL A4+     1.7     -
(Issuer Not Cooperating)
Menon Bearings Ltd                      LOC & BG           CRISIL A2      10      Reaffirmed
National Glass Works                    LOC                CRISIL A4+     25      Reaffirmed
North Eastern Carrying Corporation Ltd  BG                 CRISIL A4+     10      Reaffirmed
Pokarna Engineered Stone Ltd            Export Packing     CRISIL A3      97.5    -
                                        Credit
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            Foreign Bill       CRISIL A3      75      -
                                        Discounting
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            LOC                CRISIL A3      70      -
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            Packing Credit     CRISIL A3      75      -
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             Foreign            CRISIL A3      200     -
                                        Documentary Bills
                                        Purchase
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             LOC                CRISIL A3      105     -
(Rating Continues on 'Rating Watch with Developing Implications')
Rajasthan Antibiotics Ltd               LOC                CRISIL A3+     360     Reaffirmed
Rajshree Polypack Ltd                   ST Bk Fac          CRISIL A2      11.5    Assigned
Rajshree Polypack Ltd                   LOC                CRISIL A2      40      Assigned
Rajshree Polypack Ltd                   BG                 CRISIL A2      8.5     Assigned
Uflex Ltd                               LOC                CRISIL A1      250     -
(Placed on 'Rating Watch with Developing Implications')
Vraj Packaging Pvt Ltd                  Non-FBL            CRISIL A3      20      -
(Issuer Not Cooperating)
VSRK Constructions                      BG                 CRISIL D       130     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'


LONG TERM RATINGS:
-------------------
A V Rambabu Infra Pvt Ltd               Secured Overdraft  CRISIL         100     Downgraded
                                        Fac                BB-/Stable             from 'CRISIL
                                                                                  BB/Stable
A.Ramanathan & Company                  CC                 CRISIL         130     -
                                                           B+/Stable
(Issuer Not Cooperating)
Aadhan Builders LLP                     LT Loan            CRISIL         500     Reaffirmed
                                                           BB+/Stable
Aaditya Foam Industries LLP             CC                 CRISIL         22.5    -
                                                           BB/Stable
(Issuer Not Cooperating)
Aaditya Foam Industries LLP             TL                 CRISIL         57.5    -
                                                           BB/Stable
(Issuer Not Cooperating)
Acoustics India Pvt Ltd                 CC                 CRISIL         50      -
                                                           B+/Stable
(Issuer Not Cooperating)
Acoustics India Pvt Ltd                 Proposed LT Bk     CRISIL         10      -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Acqua Pearl Properties And Exports      TL                 CRISIL         51.5    -
(India) Pvt Ltd                                            B+/Stable
(Issuer Not Cooperating)
Akhil Dhiraj Junghare                   LT Loan            CRISIL         50      Reaffirmed
                                                           BB/Stable
Akkavila K Lekshmanan and Company       CC                 -              45      Withdrawn
(Issuer Not Cooperating)
Akkavila K Lekshmanan and Company       TL                 -              45      Withdrawn
(Issuer Not Cooperating)
Akshaj Ispat Llp                        CC                 CRISIL         65      -
                                                           B+/Stable
(Issuer Not Cooperating)
Akshaj Ispat Llp                        Proposed CC Limit  CRISIL         85      -
                                                           B+/Stable
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                CC                 CRISIL         70      -
                                                           BB+/Stable
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                Proposed LT Bk     CRISIL         30.6    -
                                        Loan Fac           BB+/Stable
(Issuer Not Cooperating)
Al-Aziz Plastics Pvt Ltd                TL                 CRISIL         22.2    -
                                                           BB+/Stable
(Issuer Not Cooperating)
Al-Faheem Meatex Pvt Ltd                Proposed CC Limit  CRISIL         150     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Alient Ceramics Pvt Ltd                 TL                 CRISIL         65.2    -
                                                           BB-/Stable
(Issuer Not Cooperating)
Alient Ceramics Pvt Ltd                 WC Fac             CRISIL         55      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Amar Rice Mills - Jammu                 CC                 CRISIL         54      -
                                                           B+/Stable
(Issuer Not Cooperating)
Amar Rice Mills - Jammu                 Proposed CC Limit  CRISIL         6       -
                                                           B+/Stable
(Issuer Not Cooperating)
A-One Foot Arts Pvt Ltd                 CC                 CRISIL         60      -
                                                           BB+/Stable
(Issuer Not Cooperating)
A-One Foot Arts Pvt Ltd                 Proposed CC Limit  CRISIL         10      -
                                                           BB+/Stable
(Issuer Not Cooperating)
A-One Foot Arts Pvt Ltd                 TL                 CRISIL         9       -
                                                           BB+/Stable
(Issuer Not Cooperating)
A-One Footwears Pvt Ltd                 CC                 CRISIL         69      -
                                                           BB+/Stable
(Issuer Not Cooperating)
A-One Footwears Pvt Ltd                 LT Loan            CRISIL         6       -
                                                           BB+/Stable
(Issuer Not Cooperating)
Aran Motors                             CC                 CRISIL B/Stable113     -
(Issuer Not Cooperating)
Aran Motors                             LT Loan            CRISIL B/Stable10      -
(Issuer Not Cooperating)
Arcanjo Constructions Pvt Ltd           CC                 CRISIL         50      -
                                                           B+/Stable
(Issuer Not Cooperating)
Arcanjo Constructions Pvt Ltd           Proposed LT Bk     CRISIL         5       -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Arihant Elastoplast Pvt Ltd             CC                 CRISIL         25      -
                                                           B+/Stable
(Issuer Not Cooperating)
Arihant Elastoplast Pvt Ltd             LT Loan            CRISIL         25      -
                                                           B+/Stable
(Issuer Not Cooperating)
Arihant Tiles And Marbles Pvt. Ltd.     CC                 CRISIL         278     -
                                                           BB/Stable
(Issuer Not Cooperating)
Arihant Tiles And Marbles Pvt. Ltd.     LT Loan            CRISIL         139.5   -
                                                           BB/Stable
(Issuer Not Cooperating)
Arjun Educational Trust                 Cash TL            -              50      Withdrawn
(Issuer Not Cooperating)
Arjun Educational Trust                 Overdraft          -              5       Withdrawn
(Issuer Not Cooperating)
Arjun Educational Trust                 Proposed LT Bk     -              45      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Arsha Seafood Exports                   Foreign Bill       CRISIL         100     -
                                        Discounting        B+/Stable
(Issuer Not Cooperating)
Aryan Silk Mills                        CC                 CRISIL D       70      -
(Issuer Not Cooperating)
Asha Ram Tek Ram Educational Trust      TL                 CRISIL D       50      -
(Issuer Not Cooperating)
Ashish Enterprises                      Overdraft          CRISIL         50      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Ashok Kumar - Ara                       Proposed LT Bk     CRISIL         20      -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Ashok Sales Agency                      CC                 CRISIL B/Stable65      -
(Issuer Not Cooperating)
ASL Enterprises Ltd                     CC                 CRISIL         145     Reaffirmed
                                                           BBB-/Stable
ASL Enterprises Ltd                     Channel Financing  CRISIL         285     Reaffirmed
                                                           BBB-/Stable
Aulakh Healthcare                       TL                 CRISIL         180     -
                                                           B-/Stable
(Issuer Not Cooperating)
Avantis Dream Homes LLP                 TL                 CRISIL         630     -
                                                           B+/Stable
(Issuer Not Cooperating)
AVC Motors - Muktsar                    CC                 CRISIL B/Stable50      -
(Issuer Not Cooperating)
AVC Motors - Muktsar                    Proposed LT Bk     CRISIL B/Stable7.4     -
                                        Loan Fac
(Issuer Not Cooperating)
AVC Motors - Muktsar                    TL                 CRISIL B/Stable42.6    -
(Issuer Not Cooperating)
Baba Baidhnath Agro Cold Storage Pvt LtdCC                 CRISIL B/Stable28.8    -
(Issuer Not Cooperating)
Baba Baidhnath Agro Cold Storage Pvt LtdProposed LT Bk     CRISIL B/Stable9.7     -
                                        Loan Fac
(Issuer Not Cooperating)
Baba Baidhnath Agro Cold Storage Pvt LtdTL                 CRISIL B/Stable30.5    -
(Issuer Not Cooperating)
Baba Santinath Rice Mill                Proposed CC /      CRISIL         50      -
                                        Bills Discounting  B+/Stable
                                        Limit
(Issuer Not Cooperating)
Baba Santinath Rice Mill                Proposed TL        CRISIL         40      -
                                                           B+/Stable
(Issuer Not Cooperating)
Baliga Fishnets                         Foreign LOC        CRISIL         100     Reaffirmed
                                                           BBB+/Stable
Bhagwati Lumbers Pvt Ltd                CC                 -              20      Withdrawn
(Issuer Not Cooperating)
Bhagwati Lumbers Pvt Ltd                Foreign LOC        -              100     Withdrawn
(Issuer Not Cooperating)
Bharat Construction                     CC                 CRISIL         120     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Bharat Road Carrier Pvt Ltd             CC                 CRISIL         9.8     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Bharat Road Carrier Pvt Ltd             Proposed CC Limit  CRISIL         5.2     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Bharti Airtel Ltd                       Proposed LT Bk     CRISIL         200000  Reaffirmed
                                        Loan Fac           AA/Stable
Bharti Airtel Ltd                       NCD                CRISIL         30000   Reaffirmed
                                                           AA/Stable
Bharti Airtel Ltd                       NCD                CRISIL         2725    Reaffirmed
                                                           AA/Stable
Bharti Airtel Ltd                       NCD                CRISIL         35000   Reaffirmed
                                                           AA/Stable
Bharti Telecom Ltd                      Proposed LT Bk     CRISIL         10000   Reaffirmed
                                        Loan Fac           AA+/Stable
Bharti Telecom Ltd                      NCD                CRISIL         25000   Reaffirmed
                                                           AA+/Stable
Bharti Telecom Ltd                      NCD                CRISIL         60000   Reaffirmed
                                                           AA+/Stable
Bharti Telecom Ltd                      NCD                CRISIL         2000    Reaffirmed
                                                           AA+/Stable
Bhaskar Educational Society             CC                 CRISIL         7.9     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Bhaskar Educational Society             TL                 CRISIL         42.1    -
                                                           BB-/Stable
(Issuer Not Cooperating)
Blissful Garments Pvt Ltd               CC                 CRISIL D       35      -
(Issuer Not Cooperating)
Blissful Garments Pvt Ltd               LT Loan            CRISIL D       65      -
(Issuer Not Cooperating)
Chungath Gold                           CC                 CRISIL         100     -
                                                           BB-/Stable
(Issuer Not Cooperating)
CKL Projects                            Proposed LT Bk     CRISIL         50      -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Classic Agencies                        CC                 CRISIL         63.6    -
                                                           B+/Stable
(Issuer Not Cooperating)
Classic Agencies                        LT Loan            CRISIL         10      -
                                                           B+/Stable
(Issuer Not Cooperating)
Classic Agencies                        Proposed WC Fac    CRISIL         6.4     -
                                                           B+/Stable
(Issuer Not Cooperating)
Corporate Fashion Pvt Ltd               CC                 CRISIL D       65.4    -
(Issuer Not Cooperating)
Corporate Fashion Pvt Ltd               LOC                CRISIL D       12.5    -
(Issuer Not Cooperating)
Corporate Fashion Pvt Ltd               LT Loan            CRISIL D       13.1    -
(Issuer Not Cooperating)
Corporate Fashion Pvt Ltd               Standby LOC        CRISIL D       9       -
(Issuer Not Cooperating)
Cotton Works                            CC                 CRISIL         90      -
                                                           BB/Stable
(Issuer Not Cooperating)
Cotton Works                            Proposed FB Bk     CRISIL         8.2     -
                                        Limits             BB/Stable
(Issuer Not Cooperating)
Cotton Works                            TL                 CRISIL         31.9    -
                                                           BB/Stable
(Issuer Not Cooperating)
Creative Peripherals And Distribution   CC                 CRISIL         200     Assigned
Ltd                                                        BBB/Stable
Damodar Texo Fab                        CC                 -              65      Withdrawn
Damodar Texo Fab                        TL                 -              35      Withdrawn
Devendran Coal International Pvt Ltd    Bill Discounting   CRISIL         50      Downgraded
                                                           BB-/Stable             from 'CRISIL
                                                                                  BB+/Stable
Devendran Coal International Pvt Ltd    CC                 CRISIL         600     Downgraded
                                                           BB-/Stable             from 'CRISIL
                                                                                  BB+/Stable
Devendran Coal International Pvt Ltd    LT Loan            CRISIL         10      Downgraded
                                                           BB-/Stable             from 'CRISIL
                                                                                  BB+/Stable
Devendran Coal International Pvt Ltd    Proposed LT Bk     CRISIL         200     Downgraded
                                        Loan Fac           BB-/Stable             from 'CRISIL
                                                                                  BB+/Stable
Dhiraj Shamraoji Junghare               LT Loan            CRISIL         50      Reaffirmed
                                                           BB/Stable
DRN Infrastructure Pvt Ltd              BG                 -              2950    Withdrawn
(Issuer Not Cooperating)
DRN Infrastructure Pvt Ltd              CC                 -              740     Withdrawn
(Issuer Not Cooperating)
DRN Infrastructure Pvt Ltd              FB Fac             -              10      Withdrawn
(Issuer Not Cooperating)
Eastern Doors                           CC                 CRISIL         15      -
                                                           B+/Stable
(Issuer Not Cooperating)
Eastern Doors                           TL                 CRISIL         43.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Ekta Rice Land                          CC                 CRISIL         60      Reaffirmed
                                                           BB-/Stable
Ekta Rice Land                          Rupee TL           CRISIL         60      Reaffirmed
                                                           BB-/Stable
G Sons Apparels                         CC                 CRISIL         40      -
                                                           BB-/Stable
(Issuer Not Cooperating)
G. Shaji                                CC                 CRISIL B/Stable47      -
(Issuer Not Cooperating)
G. Shaji                                Standby Line of    CRISIL B/Stable5.6     -
                                        Credit
(Issuer Not Cooperating)
Geo-Tech Infrastructure                 CC                 CRISIL         16.5    -
                                                           BB/Stable
(Issuer Not Cooperating)
Geo-Tech Infrastructure                 Proposed LT Bk     CRISIL         28.5    -
                                        Loan Fac           BB/Stable
(Issuer Not Cooperating)
Gilgal Cashew Exports                   TL                 CRISIL         5       -
                                                           B+/Stable
(Issuer Not Cooperating)
Godavari Khore Namdeoraoji Parjane      TL                 CRISIL         28.1    Assigned
Patil Taluka Sahakari Dudh Utpadak                         BB-/Stable
Sangh Ltd
Godavari Khore Namdeoraoji Parjane      WC Loan            CRISIL         92      Assigned
Patil Taluka Sahakari Dudh Utpadak                         BB-/Stable
Sangh Ltd
Goldstab Organics Pvt Ltd               CC                 CRISIL         100     Reaffirmed
                                                           A-/Stable
Goldstab Organics Pvt Ltd               Proposed FB Bk     CRISIL         120     Reaffirmed
                                        Limits             A-/Stable
Golecha Telecom LLP                     CC                 CRISIL         97      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Gomur Fabrics Pvt Ltd                   CC                 CRISIL         75      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Good Media News Pvt Ltd                 CC                 CRISIL B/Stable60      -
(Issuer Not Cooperating)
Good Media News Pvt Ltd                 Rupee TL           CRISIL B/Stable50      -
(Issuer Not Cooperating)
Govind Agro Foods                       CC                 CRISIL         300     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Great Eastern Hire Purchase Pvt Ltd     CC                 -              510     Withdrawn
(Issuer Not Cooperating)
Great Eastern Hire Purchase Pvt Ltd     Loan Against       -              123     Withdrawn
                                        Property
(Issuer Not Cooperating)
Gupta Enterprises (Delhi)               Secured Overdraft  CRISIL         25      -
                                        against term       BB/Stable
                                        deposits
(Issuer Not Cooperating)
Guru Nanak Forging Pvt Ltd              LT Loan            CRISIL         50      Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
Guru Nanak Forging Pvt Ltd              Proposed LT Bk     CRISIL         2.5     Reaffirmed
                                        Loan Fac           BB/Stable
(Issuer Not Cooperating)
Habib Cold Storage Pvt Ltd              CC                 CRISIL         20      -
                                                           B-/Stable
(Issuer Not Cooperating)
Habib Cold Storage Pvt Ltd              Proposed CC Limit  CRISIL         10      -
                                                           B-/Stable
(Issuer Not Cooperating)
Habib Cold Storage Pvt Ltd              Proposed FB Bk     CRISIL         6.7     -
                                        Limits             B-/Stable
(Issuer Not Cooperating)
Habib Cold Storage Pvt Ltd              Proposed TL        CRISIL         43.3    -
                                                           B-/Stable
(Issuer Not Cooperating)
Harika Chemicals Pvt Ltd                CC                 CRISIL         40      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Harika Chemicals Pvt Ltd                LT Loan            CRISIL         20      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Harika Chemicals Pvt Ltd                Proposed LT Bk     CRISIL         40      -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Hitech Marketing                        CC                 CRISIL B/Stable70      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-/Stable
HRK Hospitality                         TL                 CRISIL B/Stable73.9    Assigned
HRK Hospitality                         Proposed LT Bk     CRISIL B/Stable3.6     Assigned
                                        Loan Fac
Impex India-Dehradun                    Proposed TL        CRISIL D       8.7     -
(Issuer Not Cooperating)
Impex India-Dehradun                    TL                 CRISIL D       91.3    -
(Issuer Not Cooperating)
Indicon Construction Pvt Ltd            CC                 CRISIL         39      Reaffirmed
                                                           B-/Stable
Indicon Construction Pvt Ltd            Funded Interest TL CRISIL         9       Reaffirmed
                                                           B-/Stable
Indicon Construction Pvt Ltd            LT Loan            CRISIL         16      Reaffirmed
                                                           B-/Stable
Indicon Construction Pvt Ltd            Proposed LT Bk     CRISIL         75      Reaffirmed
                                        Loan Fac           B-/Stable
Indicon Construction Pvt Ltd            WC TL              CRISIL         17      Reaffirmed
                                                           B-/Stable
Iworld Business Solutions Pvt Ltd       CC                 CRISIL         750     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Iworld Business Solutions Pvt Ltd       Drop Line          CRISIL         100     -
                                        Overdraft Fac      BB+/Stable
(Issuer Not Cooperating)
Iworld Digital Solutions Pvt Ltd        CC                 CRISIL         150     -
                                                           BB+/Stable
(Issuer Not Cooperating)
Joygopal Food Products Pvt Ltd          CC                 CRISIL         42.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Joygopal Food Products Pvt Ltd          LT Loan            CRISIL         57.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Kalyan Cotton Industries                CC                 CRISIL         47.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Kalyan Cotton Industries                LT Loan            CRISIL         12.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Kamadhenu Feeds Pvt Ltd                 CC                 CRISIL         230     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kamadhenu Feeds Pvt Ltd                 LT Loan            CRISIL         120     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kartikeya Paper Distributor Pvt Ltd     CC                 CRISIL         250     -
                                                           B-/Stable
(Issuer Not Cooperating)
Kedia Guar Gum Pvt Ltd                  CC                 -              70      Withdrawn
(Issuer Not Cooperating)
Kishori Sarees Pvt Ltd                  Proposed LT Bk     CRISIL         10      -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
KPK Oils and Proteins India Pvt Ltd     CC                 CRISIL B/Stable50      -
(Issuer Not Cooperating)
KPK Oils and Proteins India Pvt Ltd     LT Loan            CRISIL B/Stable13      -
(Issuer Not Cooperating)
KPK Oils and Proteins India Pvt Ltd     Proposed LT Bk     CRISIL B/Stable37      -
                                        Loan Fac
(Issuer Not Cooperating)
Kreya Infratech Pvt Ltd                 CC                 CRISIL         30      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kreya Infratech Pvt Ltd                 Proposed BG        CRISIL         20      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kreya Infratech Pvt Ltd                 Proposed CC Limit  CRISIL         20      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Krishna Mineral Industries              CC                 CRISIL         57      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Krishnae Infrastructure Pvt Ltd         CC                 CRISIL         250     Reaffirmed
                                                           BBB/Stable
Krishnae Infrastructure Pvt Ltd         Proposed CC Limit  CRISIL         50      Reaffirmed
                                                           BBB/Stable
Krishnae Infrastructure Pvt Ltd         Proposed FB Bk     CRISIL         100     Reaffirmed
                                        Limits             BBB/Stable
Krishnapoultry Tex Mill India Pvt Ltd   CC                 CRISIL         120     -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kush Polyflex                           TL                 CRISIL         42.2    -
                                                           BB-/Stable
(Issuer Not Cooperating)
Kush Polyflex                           WC Fac             CRISIL         15      -
                                                           BB-/Stable
(Issuer Not Cooperating)
L&T Investment Management Ltd           L&T Ultra ST Fund  CRISIL AAAmfs  -       Assigned
L&T Shipbuilding Ltd                    FB Fac             CRISIL         4250    -
                                                           AA-/Watch
                                                           Positive
(Continues on 'Rating Watch with Positive Implications')
L&T Shipbuilding Ltd                    Non-FBL            CRISIL         9750    -
                                                           AA-/Watch
                                                           Positive
(Continues on 'Rating Watch with Positive Implications')
L&T Shipbuilding Ltd                    Proposed FB Bk     CRISIL         8000    -
                                        Limits             AA-/Watch
                                                           Positive
(Continues on 'Rating Watch with Positive Implications')
L&T Shipbuilding Ltd                    NCD                CRISIL         13310   Reaffirmed
                                                           AAA(CE)/Stable
Lal Chinta Rice Mills Pvt Ltd           CC                 CRISIL         50      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Lal Chinta Rice Mills Pvt Ltd           LT Loan            CRISIL         20      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Lal Chinta Rice Mills Pvt Ltd           Proposed WC Fac    CRISIL         30      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Lalita Dheeraj Junghare                 LT Loan            CRISIL         50      Reaffirmed
                                                           BB/Stable
Lawrence Clothing Pvt Ltd               CC                 -              80      Withdrawn
(Issuer Not Cooperating)
Lawrence Clothing Pvt Ltd               LOC Bill           -              40      Withdrawn
                                        Discounting
(Issuer Not Cooperating)
Lawrence Clothing Pvt Ltd               TL                 -              30      Withdrawn
(Issuer Not Cooperating)
Laxmi Narain Infrabuild Pvt Ltd         CC                 CRISIL B/Stable40      -
(Issuer Not Cooperating)
Leighton India Contractors Pvt Ltd      BG*@               CRISIL A/Stable2780    Reaffirmed
*@ Interchangeable with Bond & Guarantee up to Rs 101 crore, Financial guarantee up to Rs 178.21
crore, Letter of Credit up to Rs 102 crore
Leighton India Contractors Pvt Ltd      BG**@              CRISIL A/Stable2600    Reaffirmed
**@ Interchangeable with Bond & Guarantee up to Rs 175 crore, Financial guarantee up to Rs 175
crore, Letter of Credit up to Rs 260 crore, Overdraft up to Rs 50 crore, Working capital up to
Rs.30 crore, Buyer's credit up to Rs 260crore
Leighton India Contractors Pvt Ltd      BG***@             CRISIL A/Stable3000    Reaffirmed
***@ Interchangeable with Bond & Guarantee up to Rs 300crore, Letter of Credit up to Rs 100
crore, Cash credit up to Rs 30crore, LOU up to Rs 100 crore
Leighton India Contractors Pvt Ltd      BG@#               CRISIL A/Stable3500    Reaffirmed
@# Interchangeable with Bond & Guarantee up to Rs 350 crore, financial guarantee up to Rs 200
crore
Leighton India Contractors Pvt Ltd      BG@##              CRISIL A/Stable2000    Reaffirmed
@## Interchangeable with Bond & Guarantee up to Rs 200 crore, Letter of Credit up to Rs 200
crore, Cash credit up to Rs 20 crore
Leighton India Contractors Pvt Ltd      Proposed LT Bk     CRISIL A/Stable115     Reaffirmed
                                        Loan Fac
Link Enterprises                        BG                 CRISIL D       90      -
(Issuer Not Cooperating)
Link Enterprises                        CC                 CRISIL D       60      -
(Issuer Not Cooperating)
Lucknow Healthcity Trauma Centre and    LT Loan            CRISIL         95      -
Superspeciality Hospital Pvt Ltd                           B+/Stable
(Issuer Not Cooperating)
Maa Bhawani Ginning & Pressing          CC                 -              60      Withdrawn
Maa Bhawani Ginning & Pressing          Proposed WC Fac    -              14.3    Withdrawn
Maa Bhawani Ginning & Pressing          TL                 -              18.7    Withdrawn
Maa Prabhabati Rice Mill                CC                 CRISIL B/Stable9       -
(Issuer Not Cooperating)
Maa Prabhabati Rice Mill                TL                 CRISIL B/Stable58      -
(Issuer Not Cooperating)
Maa Vaishno Devi Educational Trust      Drop Line          -              11.5    Withdrawn
                                        Overdraft Fac
(Issuer Not Cooperating)
Maa Vaishno Devi Educational Trust      Overdraft          -              50      Withdrawn
(Issuer Not Cooperating)
Malhotra Electronics Pvt Ltd            CC                 CRISIL         80      Reaffirmed
                                                           BB+/Stable
Mayur Textiles                          CC                 CRISIL         25      -
                                                           BB-/Stable
(Issuer Not Cooperating)
Mayur Textiles                          Proposed LT Bk     CRISIL         11      -
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Mayur Textiles                          TL                 CRISIL         17.3    -
                                                           BB-/Stable
(Issuer Not Cooperating)
Menon Bearings Ltd                      CC                 CRISIL         197.5   Reaffirmed
                                                           BBB+/Stable
Menon Bearings Ltd                      TL                 CRISIL         2.1     Reaffirmed
                                                           BBB+/Stable
Nagarjuna Hospitals Ltd                 LT Loan            CRISIL B/Stable132     -
(Issuer Not Cooperating)
Nagarjuna Hospitals Ltd                 Secured Overdraft  CRISIL B/Stable10      -
                                        Fac
(Issuer Not Cooperating)
Nagarsheth Shipbreakers                 Line of Credit     CRISIL D       850     -
(Issuer Not Cooperating)
National Glass Works                    CC                 CRISIL         30      Reaffirmed
                                                           BB-/Stable
NBCC (India) Ltd                        BG                 CRISIL         17500   Reaffirmed
                                                           AA/Negative
North Eastern Carrying Corporation Ltd  CC                 CRISIL         600     Reaffirmed
                                                           BB+/Stable
North Eastern Carrying Corporation Ltd  Drop Line          CRISIL         70      Reaffirmed
                                        Overdraft Fac      BB+/Stable
North Eastern Carrying Corporation Ltd  Proposed LT Bk     CRISIL         200     Reaffirmed
                                        Loan Fac           BB+/Stable
North Eastern Electric Power            NCD                CRISIL AA      9000    -
Corporation Ltd
(Continues on 'Rating Watch with Developing Implications')
Parshotam Lal & Co.                     CC*                -              120     Withdrawn
* Packing Credit of Rs. 7 crore is a sub-limit of cash credit limit.
Parshotam Lal & Co.                     Letter Of Guarantee-              5       Withdrawn
Pokarna Engineered Stone Ltd            Export Packing     CRISIL BBB-    300     -
                                        Credit
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            Foreign Currency TLCRISIL BBB-    2500    -
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            LT Loan            CRISIL BBB-    365.7   -
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Engineered Stone Ltd            Proposed LT Bk     CRISIL BBB-    216.8   -
                                        Loan Fac
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             Proposed LT Bk     CRISIL BBB-    616.5   -
                                        Loan Fac
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             CC                 CRISIL         20      -
                                                           BBB-/Stable
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             Export Packing     CRISIL         200     -
                                        Credit             BBB-/Stable
(Rating Continues on 'Rating Watch with Developing Implications')
Pokarna Ltd                             Foreign Currency TLCRISIL         168.5   -
                                                           BBB-/Stable
(Rating Continues on 'Rating Watch with Developing Implications')
R. S. Yarns and Power Pvt Ltd           BG                 CRISIL         65      Reaffirmed
                                                           BB+/Stable
R. S. Yarns and Power Pvt Ltd           CC                 CRISIL         75      Reaffirmed
                                                           BB+/Stable
R. S. Yarns and Power Pvt Ltd           Proposed CC Limit  CRISIL         70      Reaffirmed
                                                           BB+/Stable
Rajasthan Antibiotics Ltd               CC                 CRISIL         390     Reaffirmed
                                                           BBB/Stable
Rajasthan Antibiotics Ltd               LT Loan            CRISIL         64.7    Reaffirmed
                                                           BBB/Stable
Rajasthan Antibiotics Ltd               Proposed LT Bk     CRISIL         35.3    Reaffirmed
                                        Loan Fac           BBB/Stable
Rajkamal Textiles                       CC                 -              110     Withdrawn
Rajkamal Textiles                       Proposed LT Bk     -              20.9    Withdrawn
                                        Loan Fac
Rajshree Polypack Ltd                   WC TL              CRISIL         90      Assigned
                                                           BBB+/Stable
Rajshree Polypack Ltd                   CC                 CRISIL         65      Assigned
                                                           BBB+/Stable
Rajshree Polypack Ltd                   Bill Discounting   CRISIL         15      Assigned
                                                           BBB+/Stable
Safiya Travels Pvt Ltd                  BG                 Withdrawn      57.5
Safiya Travels Pvt Ltd                  Overdraft          Withdrawn      2.8
Safiya Travels Pvt Ltd                  Proposed LT Bk     Withdrawn      4.7
                                        Loan Fac
Shri Kalyanika Promotors and Developers TL                 -              100     Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Simplex Engineers And Traders           BG                 -              4       Withdrawn
(Rating reaffirmed and Withdrawn)
Simplex Engineers And Traders           CC                 -              5       Withdrawn
(Rating reaffirmed and Withdrawn)
Simplex Engineers And Traders           LOC*               -              65      Withdrawn
(Rating reaffirmed and Withdrawn)/*Interchangeability of Rs 100 Lakh is allowed from LC to CC.
Simplex Engineers And Traders           Proposed ST Bk     -              51      Withdrawn
                                        Loan Fac
(Rating reaffirmed and Withdrawn)
Sri Periyanayaki Amman Spinning Mills   CC                 CRISIL         15      Reaffirmed
                                                           BB-/Stable
Sri Periyanayaki Amman Spinning Mills   TL                 CRISIL         45      Reaffirmed
                                                           BB-/Stable
Texaco Synthetics Ltd                   CC                 -              75      Withdrawn
(Issuer Not Cooperating)
Texaco Synthetics Ltd                   LOC                -              17.5    Withdrawn
(Issuer Not Cooperating)
Texaco Synthetics Ltd                   Proposed LT Bk     -              23.1    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Texaco Synthetics Ltd                   TL                 -              64.4    Withdrawn
(Issuer Not Cooperating)
The Oriental Insurance Co. Ltd          Subordinated Debt  CRISIL         7500    Reaffirmed
                                                           AAA/Stable
Uflex Ltd                               LT Loan            CRISIL A       9230    -
(Placed on 'Rating Watch with Developing Implications')
Uflex Ltd                               Proposed FB Bk     CRISIL A       4770    -
                                        Limits
(Placed on 'Rating Watch with Developing Implications')
Uflex Ltd                               WC Fac             CRISIL A       7750    -
(Placed on 'Rating Watch with Developing Implications')
Vadehra Builders Pvt Ltd                CC                 -              100     Withdrawn
(Issuer Not Cooperating)
Vahinie Engineering                     CC                 CRISIL         50      Reaffirmed
                                                           BB-/Stable
Vahinie Engineering                     Proposed LT Bk     CRISIL         10      Reaffirmed
                                        Loan Fac           BB-/Stable
Varmora Plastech Pvt Ltd                BG                 -              5       Withdrawn
(Issuer Not Cooperating)
Varmora Plastech Pvt Ltd                CC                 -              130     Withdrawn
(Issuer Not Cooperating)
Varmora Plastech Pvt Ltd                Foreign Exchange   -              2       Withdrawn
                                        Forward
(Issuer Not Cooperating)
Varmora Plastech Pvt Ltd                Inland/Import LOC  -              70      Withdrawn
(Issuer Not Cooperating)
Varmora Plastech Pvt Ltd                Proposed LT Bk     -              15.9    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Varmora Plastech Pvt Ltd                TL                 -              151.7   Withdrawn
(Issuer Not Cooperating)
Vraj Packaging Pvt Ltd                  CC                 CRISIL         240     -
                                                           BBB-/Stable
(Issuer Not Cooperating)
Vraj Packaging Pvt Ltd                  LT Loan            CRISIL         60      -
                                                           BBB-/Stable
(Issuer Not Cooperating)
VSRK Constructions                      CC                 CRISIL D       20      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB/Stable


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

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

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

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