February 26, 2020 / 11:03 AM / a month ago

CRISIL ratings for Indian debt instruments-Feb 26

    Feb 26  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of February 25, 2020.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
LONG TERM RATINGS:
-------------------
Adgums Pvt Ltd                          BG                 CRISIL A4+     1       Reaffirmed
Adgums Pvt Ltd                          Packing Credit     CRISIL A4+     70      -
AKA Logistics Pvt Ltd                   BG                 CRISIL A1      1100    Reaffirmed
AKA Logistics Pvt Ltd                   Proposed BG        CRISIL A1      200     Reaffirmed
AKA Logistics Pvt Ltd                   CP                 CRISIL A1      50      Withdrawn
Alaknanda Sponge Iron Ltd               BG                 CRISIL A3+     112.5   Reaffirmed
Alaknanda Sponge Iron Ltd               Overdraft          CRISIL A3+     85      Reaffirmed
Alaknanda Sponge Iron Ltd               Proposed BG        CRISIL A3+     122.5   Reaffirmed
Bhushan Tubes Pvt Ltd                   Channel Financing  CRISIL A4+     31      Assigned
(Issuer Not Cooperating)
Bhushan Tubes Pvt Ltd                   BG                 CRISIL A4+     20      Assigned
(Issuer Not Cooperating)
Bhushan Tubes Pvt Ltd                   Bill Discounting   CRISIL A4+     50      Assigned
                                        under LOC
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Bill Discounting   CRISIL A4      80      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Overdraft          CRISIL A4      10      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Packing Credit     CRISIL A4      212.5   Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
C P Rama Rao                            BG                 CRISIL A4      154.1   Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'
(Issuer Not Cooperating)
C P Rama Rao                            Proposed BG        CRISIL A4      39.8    Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'
(Issuer Not Cooperating)
Calibre Chemicals Pvt Ltd               LOC & BG           CRISIL A1      140     Reaffirmed
CavinKare Pvt Ltd                       Proposed NFBL      CRISIL A1      420     Withdrawn
Champ Energy Ventures Pvt Ltd           LOC                CRISIL A4+     50      Reaffirmed
Climax Synthetics Pvt Ltd               BG                 CRISIL A4+     38      Reaffirmed
Climax Synthetics Pvt Ltd               LOC                CRISIL A4+     70      Reaffirmed
Consort Builders Pvt Ltd                BG                 CRISIL A4+     350     Migrated from
                                                                                  CRISIL A4+
                                                                                  
(Issuer Not Cooperating)
Geogy George                            BG                 CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Goodluck India Ltd                      BG                 CRISIL A3+     405     Reaffirmed
Goodluck India Ltd                      LOC                CRISIL A3+     819.9   Reaffirmed
Hindustan Tyre Company (Prop. Hindustan BG                 CRISIL A3+     5       Reaffirmed
Cycle and Tubes Pvt Ltd)
Hindustan Tyre Company (Prop. Hindustan LOC                CRISIL A3+     40      Reaffirmed
Cycle and Tubes Pvt Ltd)
HLS Asia Ltd                            BG^                CRISIL A1      940     Reaffirmed
^Letter of Credit of Rs 4 crore is a sublimit
HLS Asia Ltd                            LOC                CRISIL A1      10      Reaffirmed
Ispat Damodar Pvt Ltd                   BG                 CRISIL A3      200     Reaffirmed
Ispat Damodar Pvt Ltd                   Letter Of GuaranteeCRISIL A3      87      Reaffirmed
Ispat Damodar Pvt Ltd                   LOC                CRISIL A3      73      Reaffirmed
M/s M.P. Agarwalla                      BG                 CRISIL A4      120     Withdrawn
(Issuer Not Cooperating)
Mannarkkad Steels Pvt Ltd               BG                 CRISIL A4+     6       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Mannarkkad Steels Pvt Ltd               LOC                CRISIL A4+     34      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Marupudi Anjaneyulu                     BG                 CRISIL A4+     45      Reaffirmed
Marupudi Anjaneyulu                     Inland/Import LOC  CRISIL A4+     35      Reaffirmed
Medeor Hospital Ltd                     Overdraft          CRISIL A4      580     Assigned
MMTC - Pamp India Pvt Ltd               Foreign Exchange   CRISIL A1      1300    Upgraded from
                                        Forward                                   CRISIL A2+
MMTC - Pamp India Pvt Ltd               LOC@               CRISIL A1      18000   Upgraded from
                                                                                  CRISIL A2+
@Fully interchangeable with bank guarantee and one way interchangeability with FB limits up to
Rs. 140 crore
   
MMTC - Pamp India Pvt Ltd               LOC#               CRISIL A1      3000    Upgraded from
                                                                                  CRISIL A2+
# Interchangeable with Forward Exchange Limit upto Rs.30 crore.    
MMTC - Pamp India Pvt Ltd               LOC&               CRISIL A1      3000    Upgraded from
                                                                                  CRISIL A2+
& Interchangeable with Forward Exchange Limit of Rs.30 crore
    
MMTC - Pamp India Pvt Ltd               LOC                CRISIL A1      12250   Upgraded from
                                                                                  CRISIL A2+
MMTC - Pamp India Pvt Ltd               Proposed LOC & BG  CRISIL A1      2070    Upgraded from
                                                                                  CRISIL A2+
Nirmal Bang Securities Pvt Ltd          BG                 CRISIL A2      2300    Downgraded
                                                                                  from 'CRISIL
                                                                                  A1'
Overseas Leather Goods Company Pvt Ltd  Packing Credit     CRISIL A4      66.6    Rating
                                                                                  Migrated
(Issuer Not Cooperating)

Pashupati Cotyarn LLP                   BG                 CRISIL A4+     5       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Pavas Polychem Pvt Ltd                  LOC                CRISIL A4      90      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Phaloudi Constructions and              BG                 CRISIL A3      160     Upgraded from
Infrastructure Pvt Ltd                                                            CRISIL A4+'
PTC Energy Ltd                          BG                 CRISIL A1      950     Reaffirmed
PTC Energy Ltd                          LOC#               CRISIL A1      500     Reaffirmed
#Fully interchangeable with bank guarantee
PTC Energy Ltd                          Overdraft          CRISIL A1      10      Reaffirmed
PTC Energy Ltd                          Proposed ST Bk     CRISIL A1      190     Reaffirmed
                                        Loan Fac
PTC Energy Ltd                          ST Loan#           CRISIL A1      200     Reaffirmed
#Fully interchangeable with bank guarantee
PTC Energy Ltd                          ST Loan@           CRISIL A1      200     Reaffirmed
@One way interchangeable with bank guarantee
PTC India Ltd                           LOC                CRISIL A1+     1000    Reaffirmed
PTC India Ltd                           LOC & BG*          CRISIL A1+     10500   Reaffirmed
*Interchangeable with Short Term Bank Facility to the extent of Rs 500 Crores
PTC India Ltd                           LOC & BG^          CRISIL A1+     1000    Reaffirmed
^Fully interchangeable with Short Term Bank Facility
PTC India Ltd                           LOC & BG#          CRISIL A1+     4500    Reaffirmed
#Interchangeable with Short Term Bank Facility to the extent of Rs 50 Crores
PTC India Ltd                           LOC & BG           CRISIL A1+     5000    Reaffirmed
PTC India Ltd                           Proposed NFBL      CRISIL A1+     11100   Reaffirmed
PTC India Ltd                           ST Bk Fac          CRISIL A1+     1900    Reaffirmed
PTC India Ltd                           CP                 CRISIL A1+     3000    Reaffirmed
Pushpanjali Overseas Pvt Ltd            Pre-Shipment       CRISIL A4+     70      Rating
                                        Credit in Forex                           Migrated
(Issuer Not Cooperating)
Quality Knitwears Pvt Ltd               Export Packing     CRISIL A4+     47.5    Reaffirmed
                                        Credit
Reep Industries Pvt Ltd                 BG                 CRISIL A4+     20      Reaffirmed
Reep Industries Pvt Ltd                 Bill Purchase      CRISIL A4+     40      Reaffirmed
Reep Industries Pvt Ltd                 Foreign Bill       CRISIL A4+     9       Reaffirmed
                                        Discounting
Reep Industries Pvt Ltd                 LOC                CRISIL A4+     20      Reaffirmed
Reep Industries Pvt Ltd                 Packing Credit     CRISIL A4+     9       Reaffirmed
Rishi FIBC Solutions Pvt Ltd            BG                 CRISIL A1      30      Reaffirmed
Rishi FIBC Solutions Pvt Ltd            LOC                CRISIL A1      100     Reaffirmed
S. S. Constructions - Hyderabad         BG                 CRISIL A4+     150     Reaffirmed
(Issuer Not Cooperating)
S. Sheshagiri                           BG                 CRISIL A4+     10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Safex Fire Services Ltd                 BG                 CRISIL A3+     5       Reaffirmed
Safex Fire Services Ltd                 LOC                CRISIL A3+     45      Reaffirmed
Sagar Pulp and Paper Mills Ltd          Inland/Import LOC  CRISIL A4+     10      Reaffirmed
Sandhya Kamal Tea Industry              BG                 CRISIL A4      7.5     Reaffirmed
(Issuer Not Cooperating)
Sanjay Tools and Accessories Pvt Ltd    BG                 CRISIL A4+     30      Assigned
Savan Green Energy Solutions Ltd        BG                 CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Senghani and Senghani Exim Pvt Ltd      LOC                CRISIL A4+     78.5    Reaffirmed
Shakti Opto-Telelinks                   BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Sheenlac Paints Ltd                     Inland/Import LOC  CRISIL A4+     39      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Shivam Transcon Pvt Ltd                 BG                 CRISIL A3+     675     Reaffirmed
Shiwalya Spinning and Weaving Mills Pvt LOC                CRISIL A4+     90      Downgraded
Ltd                                                                               from 'CRISIL
                                                                                  A3'
Shreeji Enterprise - Ahmedabad          BG                 CRISIL A4      5.9     Reaffirmed
(Issuer Not Cooperating)
Shri Ram Krupa Medicare Pvt Ltd         BG                 CRISIL A4+     15      Assigned
Shukan Micro Mineral LLP                BG                 CRISIL A4      6       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              Bill Purchase      CRISIL A4+     25      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              Foreign            CRISIL A4+     50      Rating
                                        Documentary Bills                         Migrated
                                        Purchase
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              Foreign Exchange   CRISIL A4+     3.6     Rating
                                        Forward                                   Migrated
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              LOC & BG           CRISIL A4+     22.5    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
SMS International Beverages Pvt Ltd     BG                 CRISIL A4      1       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
SMS International Beverages Pvt Ltd     LOC                CRISIL A4      15      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sree Venkateswara Constructions -       BG                 CRISIL A4+     25      Rating
Chennai                                                                           Migrated
(Issuer Not Cooperating)
Sree Venkateswara Constructions -       Overdraft          CRISIL A4+     70      Rating
Chennai                                                                           Migrated
(Issuer Not Cooperating)
Sri Thirumalai Balaji Spinning Mills    BG                 CRISIL A4      7.5     Rating
-Erode                                                                            Migrated
(Issuer Not Cooperating)
SRM Construction                        BG                 CRISIL A4+     70      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Standard Agro Vet Pvt Ltd               Overdraft          CRISIL A4+     10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       BG                 CRISIL A4++    32.5    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       LOC                CRISIL A4++    50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Stuti Pipes Pvt Ltd                     Proposed LOC & BG  CRISIL A4      30      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Super Tech Laces Tirupur Pvt Ltd        Letter Of GuaranteeCRISIL A4+     15      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
T. Kanagaraj                            BG                 CRISIL A4      3.3     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Tata Teleservices (Maharashtra) Ltd     LOC & BG           CRISIL A1+     7861.6  Reaffirmed
Tata Teleservices (Maharashtra) Ltd     CP                 CRISIL A1+     85000   Reaffirmed
Tata Teleservices Ltd                   LOC & BG           CRISIL A1+     10686.9 Reaffirmed
Tata Teleservices Ltd                   CP                 CRISIL A1+     75000   Reaffirmed
The Creative Texture                    Bill Discounting   CRISIL A4+     10      Rating
                                        under LOC                                 Migrated
(Issuer Not Cooperating)
Tricon Infra Buildtech Pvt Ltd          Proposed LT Bk     CRISIL A4+     800     Withdrawn
                                        Loan Fac
Tricon Infra Buildtech Pvt Ltd          Proposed ST Bk     CRISIL A4+     200     Withdrawn
                                        Loan Fac
Ujin Pharmachem                         CC                 CRISIL A4      90      Withdrawn
(Issuer Not Cooperating)
Ujin Pharmachem                         Inland/Import LOC  CRISIL A4      40      Withdrawn
(Issuer Not Cooperating)
Unifab Engineering Project Pvt Ltd      LOC                CRISIL A4+     20      Assigned
Unifab Engineering Project Pvt Ltd      BG                 CRISIL A4+     40      Assigned
Universal Air Products Pvt Ltd          BG                 CRISIL A4+     5       Rating
                                                                                  Migrated
(Issuer Not Cooperating)
V Kathiresan                            BG                 CRISIL A4      10      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
V Kathiresan                            Overdraft          CRISIL A4      50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Vertice Global Pvt Ltd                  Inland/Import LOC  CRISIL A4+     40      Upgraded from
                                                                                  CRISIL A4'
Vijay Kapoor Constructions              BG                 CRISIL A4+     7.5     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Vijay Kapoor Constructions              Proposed ST Bk     CRISIL A4+     22.5    Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Vivekanand Cotspin LLP                  BG                 CRISIL A4+     15      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Vivekanand Cotspin LLP                  LOC                CRISIL A4+     50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A. Geeri Pai Gold and Diamonds          CC                 CRISIL B/Stable400     Reaffirmed
A. Geeri Pai Gold and Diamonds          LT Loan            CRISIL B/Stable91.1    Reaffirmed
A. Geeri Pai Gold and Diamonds          Proposed LT Bk     CRISIL B/Stable87.9    Reaffirmed
                                        Loan Fac
Adgums Pvt Ltd                          Proposed LT Bk     CRISIL         30      Reaffirmed
                                        Loan Fac           BB/Stable
Adgums Pvt Ltd                          TL                 CRISIL         9       Reaffirmed
                                                           BB/Stable
AKA Logistics Pvt Ltd                   CC                 CRISIL A/Stable150     Reaffirmed
AKA Logistics Pvt Ltd                   Proposed CC Limit  CRISIL A/Stable50      Reaffirmed
Alaknanda Sponge Iron Ltd               CC                 CRISIL         87.5    Reaffirmed
                                                           BBB/Stable
Alaknanda Sponge Iron Ltd               LT Loan            CRISIL         92.5    Reaffirmed
                                                           BBB/Stable
Alaknanda Sponge Iron Ltd               Proposed LT Bk     CRISIL         80      Assigned
                                        Loan Fac           BBB/Stable
Amalorpavam Educational Welfare Society LT Loan            CRISIL         300     Migrated from
                                                           BBB/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Attire Creation Company                 Packing Credit     CRISIL         65      Downgraded
                                                           BB/Stable              from 'CRISIL
                                                                                  BB+/Stable'
(Issuer Not Cooperating)
Attire Creation Company                 Proposed CC Limit  CRISIL         15      Downgraded
                                                           BB/Stable              from 'CRISIL
                                                                                  BB+/Stable'
(Issuer Not Cooperating)
Bhushan Tubes Pvt Ltd                   CC                 CRISIL         49      Assigned
                                                           BB+/Stable
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            LT Loan            CRISIL         2.5     Migrated from
                                                           B+/Stable              CRISIL D
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Proposed WC Fac    CRISIL         45      Migrated from
                                                           B+/Stable              CRISIL D
(Issuer Not Cooperating)
C P Rama Rao                            Secured Overdraft  CRISIL B/Stable106.1   Downgraded
                                        Fac                                       from 'CRISIL
                                                                                  BB-/Stable'
(Issuer Not Cooperating)
Calibre Chemicals Pvt Ltd               CC**               CRISIL A/Stable750     Reaffirmed
**Interchangeable with cash credit up to Rs.15 crore/working capital demand loan up to Rs.25
crore/pre and post shipment finance/buyer's credit/ bills discounting up to Rs.50 crore/ letter
of credit up to Rs.75 crore /bank guarantee upto Rs.20 crore 
Calibre Chemicals Pvt Ltd               CC^                CRISIL A/Stable50      Reaffirmed
^Interchangeable with letter of credit and bank guarantee facilities of up to Rs.5 crore
CavinKare Pvt Ltd                       Bill Discounting&  CRISIL A/Stable880     Reaffirmed
& Interchangeable with working capital demand loan upto Rs 32 Cr, cash credit upto Rs 27 Cr and
letter of credit upto Rs 3 Cr
CavinKare Pvt Ltd                       Bill Discounting@  CRISIL A/Stable300     Reaffirmed
@ Interchangeable with cash credit of Rs 12 Cr, ST loan of INR 20 Cr and letter of credit upto
Rs 5 Cr
CavinKare Pvt Ltd                       CC                 CRISIL A/Stable160     Reaffirmed
CavinKare Pvt Ltd                       LT Loan            CRISIL A/Stable4250    Reaffirmed
CavinKare Pvt Ltd                       WC Demand Loan     CRISIL A/Stable1140    Reaffirmed
CavinKare Pvt Ltd                       WC Demand Loan$    CRISIL A/Stable450     Reaffirmed
$ Interchangeable with cash credit upto Rs 40 Cr and letter of credit upto Rs 5 Cr
Champ Energy Ventures Pvt Ltd           CC                 CRISIL         60      Reaffirmed
                                                           BB/Stable
Champ Energy Ventures Pvt Ltd           Proposed LT Bk     CRISIL         270     Reaffirmed
                                        Loan Fac           BB/Stable
Climax Synthetics Pvt Ltd               CC                 CRISIL         115     Reaffirmed
                                                           BB-/Stable
Climax Synthetics Pvt Ltd               Channel Financing  CRISIL         47      Reaffirmed
                                                           BB-/Stable
Consort Builders Pvt Ltd                CC                 CRISIL         72.5    Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)'*
Consort Builders Pvt Ltd                WC Demand Loan     CRISIL         27.5    Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)'*
DHL Infrabulls                          LT Loan            CRISIL         25.9    Reaffirmed
                                                           B+/Stable
DHL Infrabulls                          Proposed LT Bk     CRISIL         174.1   Assigned
                                        Loan Fac           B+/Stable
Geogy George                            CC                 CRISIL         45      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Geogy George                            Proposed LT Bk     CRISIL         37.2    Reaffirmed
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Goodluck India Ltd                      Bill Discounting   CRISIL         75      Reaffirmed
                                                           BBB/Stable
Goodluck India Ltd                      CC                 CRISIL         3371.2  Reaffirmed
                                                           BBB/Stable
Goodluck India Ltd                      LT Loan            CRISIL         988.9   Reaffirmed
                                                           BBB/Stable
Goodluck India Ltd                      Standby LOC        CRISIL         100     Reaffirmed
                                                           BBB/Stable
Goodluck India Ltd                      WC TL              CRISIL         237.5   Reaffirmed
                                                           BBB/Stable
H R Hygiene Products Pvt Ltd            CC                 CRISIL         20      Reaffirmed
                                                           B+/Stable
H R Hygiene Products Pvt Ltd            Proposed CC Limit  CRISIL         8.7     Reaffirmed
                                                           B+/Stable
H R Hygiene Products Pvt Ltd            TL                 CRISIL         31.3    Reaffirmed
                                                           B+/Stable
Hindustan Tyre Company (Prop. Hindustan CC                 CRISIL BBB /   80      Reaffirmed
Cycle and Tubes Pvt Ltd)                                   Stable
Hindustan Tyre Company (Prop. Hindustan Proposed LT Bk     CRISIL BBB /   30      Reaffirmed
Cycle and Tubes Pvt Ltd)                Loan Fac           Stable
HLS Asia Ltd                            CC                 CRISIL         100     Reaffirmed
                                                           A-/Positive
Outlook revised from 'Stable' and rating reaffirmed
Ispat Damodar Pvt Ltd                   CC                 CRISIL         698     Reaffirmed
                                                           BBB-/Stable
Ispat Damodar Pvt Ltd                   Proposed FB Bk     CRISIL         52      Reaffirmed
                                        Limits             BBB-/Stable
Kalamandir Jewellers Ltd                CC                 CRISIL         1350    Reaffirmed
                                                           BBB/Stable
Kalamandir Jewellers Ltd                Standby Line of    CRISIL         100     Reaffirmed
                                        Credit             BBB/Stable
Kankani Enterprises Pvt Ltd             CC                 CRISIL         24      Reaffirmed
                                                           BB/Stable
Kankani Enterprises Pvt Ltd             TL                 CRISIL         76      Reaffirmed
                                                           BB/Stable
Khandelwal Industries                   CC                 CRISIL         45      Withdrawn
                                                           BB-/Stable
(Issuer Not Cooperating)
Lux Flavours                            Proposed LT Bk     CRISIL         100     Upgraded from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB-/Stable'
M/s M.P. Agarwalla                      CC                 CRISIL         90      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
M/s M.P. Agarwalla                      Proposed BG        CRISIL         30      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
M/s M.P. Agarwalla                      Proposed CC Limit  CRISIL         10      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
M/s M.P. Agarwalla                      Proposed LT Bk     CRISIL         150     Withdrawn
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Mallemaala Entertainments Pvt Ltd       CC                 CRISIL         182.5   Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Mallemaala Entertainments Pvt Ltd       LT Loan            CRISIL         187.5   Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Mannarkkad Steels Pvt Ltd               CC                 CRISIL         25      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Marupudi Anjaneyulu                     Overdraft          CRISIL         40      Reaffirmed
                                                           BB-/Stable
Marupudi Anjaneyulu                     Proposed LT Bk     CRISIL         30      Reaffirmed
                                        Loan Fac           BB-/Stable
Maxivision Eye Hospitals Pvt Ltd        Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Medeor Hospital Ltd                     LT Loan            CRISIL         4240    Assigned
                                                           B+/Stable
MMTC - Pamp India Pvt Ltd               CC                 CRISIL A       300     Upgraded from
                                                                                  CRISIL
                                                                                  A-/Positive
MMTC - Pamp India Pvt Ltd               CC*                CRISIL A       150     Upgraded from
                                                                                  CRISIL
                                                                                  A-/Positive
*Interchangeable with Forward Exchange Limit of Rs.15 crore.
    
Mohana Harsha Logistics                 Loan Against       CRISIL B/Stable67.5    Reaffirmed
                                        Property
(Issuer Not Cooperating)
Mohana Harsha Logistics                 Proposed LT Bk     CRISIL B/Stable52.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Mor Hatcheries                          CC                 CRISIL         65      Reaffirmed
                                                           BB-/Stable
(Issuer Not Cooperating)
Mor Hatcheries                          Proposed LT Bk     CRISIL         55      Reaffirmed
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Muthu Gold House                        CC                 CRISIL         285     Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
Muthu Gold House                        LT Loan            CRISIL         20      Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
Muthu Gold House                        Proposed CC Limit  CRISIL         25      Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
Nagardas Kanji Shah                     BG                 CRISIL D       9.5     Withdrawn
(Ratings reaffirmed and Withdrawn)
Nagardas Kanji Shah                     CC                 CRISIL D       10.5    Withdrawn
(Ratings reaffirmed and Withdrawn)
Nagardas Kanji Shah                     LOC                CRISIL D       70      Withdrawn
(Ratings reaffirmed and Withdrawn)
Nagardas Kanji Shah                     Proposed LT Bk     CRISIL D       10      Withdrawn
                                        Loan Fac
(Ratings reaffirmed and Withdrawn)
Narra Sakaar                            Lease Rental       CRISIL         61.1    Reaffirmed
                                        Discounting Loan   BB-/Stable
(Issuer Not Cooperating)
Narra Sakaar                            Proposed LT Bk     CRISIL         38.9    Reaffirmed
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
National Rice Mill                      CC                 CRISIL D       48.9    Downgraded
                                                                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
NEcX Pvt Ltd                            CC                 CRISIL         40      Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
NEcX Pvt Ltd                            Funded Interest TL CRISIL         8.4     Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
NEcX Pvt Ltd                            Proposed LT Bk     CRISIL         11.3    Rating
                                        Loan Fac           B-/Stable              Migrated
(Issuer Not Cooperating)
NEcX Pvt Ltd                            WC TL              CRISIL         40.3    Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
New Age False Ceiling Pvt Ltd           CC                 CRISIL D       30      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
New Age False Ceiling Pvt Ltd           LOC                CRISIL D       20      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
New Age False Ceiling Pvt Ltd           Proposed LT Bk     CRISIL D       30      Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Nirmal Bang Securities Pvt Ltd          Overdraft          CRISIL         625     Downgraded
                                                           BBB+/Stable            from 'CRISIL
                                                                                  A-/Stable'
Nirmal Bang Securities Pvt Ltd          Proposed LT Bk     CRISIL         325     Downgraded
                                        Loan Fac           BBB+/Stable            from 'CRISIL
                                                                                  A-/Stable'
Nirmal Bang Securities Pvt Ltd          NCD                CRISIL         500     Assigned
                                                           BBB+/Stable
Overseas Leather Goods Company Pvt Ltd  Foreign Bill       CRISIL         45      Rating
                                        Purchase           B-/Stable              Migrated
(Issuer Not Cooperating)
Overseas Leather Goods Company Pvt Ltd  Proposed LT Bk     CRISIL         2.3     Rating
                                        Loan Fac           B-/Stable              Migrated
(Issuer Not Cooperating)
Padmavathi Cotton Industries            CC                 CRISIL         45      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Padmavathi Cotton Industries            Proposed CC Limit  CRISIL         7.1     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Padmavathi Cotton Industries            TL                 CRISIL         57.9    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Pal Prateek Motors Pvt Ltd              CC                 CRISIL         68.4    Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               CC                 CRISIL         15      Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               Foreign Bill       CRISIL         125     Rating
                                        Discounting        BB+/Stable             Migrated
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               LT Loan            CRISIL         130     Rating
                                                           BB+/Stable             Migrated
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               Packing Credit     CRISIL         80      Rating
                                        (pre-shipment      BB+/Stable             Migrated
                                        credit)
(Issuer Not Cooperating)
Paramount Wheels Pvt Ltd                CC                 CRISIL D       207.5   Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Paramount Wheels Pvt Ltd                Drop Line          CRISIL D       42.5    Rating
                                        Overdraft Fac                             Migrated
(Issuer Not Cooperating)
Paramount Wheels Pvt Ltd                Inventory Funding  CRISIL D       150     Rating
                                        Fac                                       Migrated
(Issuer Not Cooperating)
Pashupati Cotyarn LLP                   CC                 CRISIL         151.8   Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Pashupati Cotyarn LLP                   Proposed LT Bk     CRISIL         4.3     Rating
                                        Loan Fac           BB/Stable              Migrated
(Issuer Not Cooperating)
Pashupati Cotyarn LLP                   TL                 CRISIL         21.3    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Patco Precision Components Pvt Ltd      CC                 CRISIL         65      Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Patco Precision Components Pvt Ltd      TL                 CRISIL         185     Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Pavas Polychem Pvt Ltd                  CC                 CRISIL         10      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Phaloudi Constructions and              CC                 CRISIL         30      Upgraded from
Infrastructure Pvt Ltd                                     BBB-/Stable            CRISIL
                                                                                  BB+/Stable'
Phoenix Ispat Pvt Ltd                   CC                 CRISIL         65      Reaffirmed
                                                           BB-/Stable
(Issuer Not Cooperating)
Phoenix Ispat Pvt Ltd                   Electronic Dealer  CRISIL         125     Reaffirmed
                                        Financing          BB-/Stable
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Phoenix Ispat Pvt Ltd                   Proposed LT Bk     CRISIL         60      Reaffirmed
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Pinnacle Vehicles And Services Pvt Ltd  CC                 CRISIL D       50      -
Rating Reaffirmed and Withdrawn
Pinnacle Vehicles And Services Pvt Ltd  Inventory Funding  CRISIL D       50      -
                                        Fac
Rating Reaffirmed and Withdrawn
Pragati Polymers                        CC                 CRISIL         80      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Prakrutees Infra Impex India Pvt Ltd    CC                 CRISIL         94      Withdrawn
                                                           BB-/Stable
Prakrutees Infra Impex India Pvt Ltd    LT Loan            CRISIL         4       Withdrawn
                                                           BB-/Stable
Premsons Motor Udyog Pvt Ltd            CC                 CRISIL         50      Reaffirmed
                                                           BBB/Stable
Premsons Motor Udyog Pvt Ltd            Inventory Funding  CRISIL         750     Reaffirmed
                                        Fac                BBB/Stable
Primuss Pipes & Tubes Ltd               CC                 CRISIL D       65      Downgraded
                                                                                  from 'CRISIL
                                                                                  B+
(Issuer Not Cooperating)
Primuss Pipes & Tubes Ltd               LOC & BG           CRISIL D       25      Downgraded
                                                                                  from 'CRISIL
                                                                                  A4
(Issuer Not Cooperating)
Primuss Pipes & Tubes Ltd               Proposed LT Bk     CRISIL D       10      Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  B+
(Issuer Not Cooperating)
PTC Energy Ltd                          CC                 CRISIL A/Stable150     Reaffirmed
PTC Energy Ltd                          LT Loan            CRISIL A/Stable15106.4 Reaffirmed
PTC Energy Ltd                          Proposed LT Bk     CRISIL A/Stable1393.6  Reaffirmed
                                        Loan Fac
PTC Energy Ltd                          WC Demand Loan*    CRISIL A/Stable300     Reaffirmed
*Includes Rs 15 crore sublimit of bank guarantee
Pushpanjali Overseas Pvt Ltd            Packing Credit     CRISIL         20      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Quality Knitwears Pvt Ltd               Bill Discounting   CRISIL         130     Reaffirmed
                                                           BB+/Stable
Quality Knitwears Pvt Ltd               LT Loan            CRISIL         43.8    Reaffirmed
                                                           BB+/Stable
R.V.R. Technologies Ltd                 CC                 CRISIL BB- /   65      Reaffirmed
                                                           Stable
(Issuer Not Cooperating)
Raghu Educational Society               CC                 CRISIL         35      Reaffirmed
                                                           BB-/Stable
Raghu Educational Society               LT Loan            CRISIL         55      Reaffirmed
                                                           BB-/Stable
Raghu Educational Society               Proposed LT Bk     CRISIL         70      Reaffirmed
                                        Loan Fac           BB-/Stable
Rajat Vinyls Pvt Ltd                    CC                 CRISIL         100     Reaffirmed
                                                           BB+/Stable
Rajat Vinyls Pvt Ltd                    Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           BB+/Stable
Rajat Vinyls Pvt Ltd                    TL                 CRISIL         30      Reaffirmed
                                                           BB+/Stable
Rajson Hotels Pvt Ltd                   Proposed LT Bk     CRISIL         150     Rating
                                        Loan Fac           BB/Stable              Migrated
(Issuer Not Cooperating)
Ram Kumar Rice Mill                     CC                 CRISIL B/Stable63.7    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Ram Kumar Rice Mill                     Proposed CC Limit  CRISIL B/Stable36.3    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Ramdevbaba Solvent Pvt Ltd              CC                 CRISIL         106.5   Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Ramdevbaba Solvent Pvt Ltd              TL                 CRISIL         43.5    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Rangoli Industries - Banaskantha        CC                 CRISIL D       52.5    Downgraded
                                                                                  from 'CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Rangoli Industries - Banaskantha        LT Loan            CRISIL D       21.4    Downgraded
                                                                                  from 'CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Rangoli Industries - Banaskantha        Proposed LT Bk     CRISIL D       1.1     Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Ravels Apparels Pvt Ltd                 Bill Discounting   CRISIL D       35      Downgraded
                                                                                  from 'CRISIL
                                                                                  B+
(Issuer Not Cooperating)
Reep Industries Pvt Ltd                 CC                 CRISIL         40      Reaffirmed
                                                           BB/Stable
Reep Industries Pvt Ltd                 Proposed LT Bk     CRISIL         33.8    Reaffirmed
                                        Loan Fac           BB/Stable
Reep Industries Pvt Ltd                 TL                 CRISIL         30      Reaffirmed
                                                           BB/Stable
Revti Industries Pvt Ltd                CC                 CRISIL         49      Reaffirmed
                                                           BBB/Stable
Revti Industries Pvt Ltd                Proposed LT Bk     CRISIL         98      Reaffirmed
                                        Loan Fac           BBB/Stable
Rishi FIBC Solutions Pvt Ltd            CC^                CRISIL A/Stable900     Reaffirmed
^EPC/PCFC/EBD/EBR facilities as a sub limit of Cash Credit facility
Rishi FIBC Solutions Pvt Ltd            Proposed FB Bk     CRISIL A/Stable180     Reaffirmed
                                        Limits
Rishi FIBC Solutions Pvt Ltd            TL                 CRISIL A/Stable580     Reaffirmed
S P Kamath                              CC                 CRISIL B/Stable70      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
S. R. S. Meditech Ltd                   CC                 CRISIL D       120     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
S. R. S. Meditech Ltd                   LOC                CRISIL D       45      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
S. R. S. Meditech Ltd                   LT Loan            CRISIL D       35      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
S. R. S. Meditech Ltd                   Proposed LOC       CRISIL D       5.7     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
S. S. Constructions - Hyderabad         Overdraft          CRISIL         30      Reaffirmed
                                                           BB/Stable
(Issuer Not Cooperating)
S. S. Constructions - Hyderabad         Proposed Overdraft CRISIL         20      Reaffirmed
                                        Fac                BB/Stable
(Issuer Not Cooperating)
S. Sheshagiri                           CC                 CRISIL         50      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
S.K. Shoe Fashion                       CC                 CRISIL D       1.5     Reaffirmed
(Issuer Not Cooperating)
S.K. Shoe Fashion                       Proposed LT Bk     CRISIL D       20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S.K. Shoe Fashion                       Proposed WC Fac    CRISIL D       28.4    Reaffirmed
(Issuer Not Cooperating)
S.K. Shoe Fashion                       TL                 CRISIL D       0.1     Reaffirmed
(Issuer Not Cooperating)
Safex Fire Services Ltd                 CC                 CRISIL         50      Reaffirmed
                                                           BBB/Positive
Outlook revised from 'Stable
Sagar Pulp and Paper Mills Ltd          CC                 CRISIL         30      Reaffirmed
                                                           BB/Stable
Sagar Pulp and Paper Mills Ltd          Proposed LT Bk     CRISIL         50      Reaffirmed
                                        Loan Fac           BB/Stable
Saiom Developers Pvt Ltd                TL                 CRISIL         600     -
                                                           BB/Stable
Rating Reaffirmed and Withdrawn
Salasar Cottex - Hinganghat             CC                 CRISIL         45      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Salasar Cottex - Hinganghat             TL                 CRISIL         5.5     Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Salasar Cottex - Hinganghat             Warehouse FinancingCRISIL         9.5     Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sandhya Kamal Tea Industry              CC                 CRISIL         10.8    Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sandhya Kamal Tea Industry              LT Loan            CRISIL         50.8    Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sandhya Kamal Tea Industry              Proposed LT Bk     CRISIL         40.9    Reaffirmed
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Sanjay Tools and Accessories Pvt Ltd    Standby Line of    CRISIL         13      Assigned
                                        Credit             BB+/Stable
Sanjay Tools and Accessories Pvt Ltd    CC                 CRISIL         177     Assigned
                                                           BB+/Stable
Saraswati Udyog India Ltd               CC                 CRISIL D       380     Reaffirmed
(Issuer Not Cooperating)
Saraswati Udyog India Ltd               Cash TL            CRISIL D       400     Reaffirmed
(Issuer Not Cooperating)
Saraswati Udyog India Ltd               Inland/Import LOC  CRISIL D       100     Reaffirmed
(Issuer Not Cooperating)
Saraswati Udyog India Ltd               LT Loan            CRISIL D       20      Reaffirmed
(Issuer Not Cooperating)
Saraswati Udyog India Ltd               Proposed LT Bk     CRISIL D       130     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Saraswati Udyog India Ltd               WC Demand Loan     CRISIL D       20      Reaffirmed
(Issuer Not Cooperating)
Sarda Rice and Oil Mills                CC                 CRISIL         76      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sarda Rice and Oil Mills                TL                 CRISIL         54      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Savan Green Energy Solutions Ltd        CC                 CRISIL B/Stable90      Reaffirmed
(Issuer Not Cooperating)
Savan Green Energy Solutions Ltd        LT Loan            CRISIL B/Stable20      Reaffirmed
(Issuer Not Cooperating)
Senghani and Senghani Exim Pvt Ltd      CC                 CRISIL         15      Downgraded
                                                           BB/Stable              from 'CRISIL
                                                                                  BB+/Stable'
Senghani and Senghani Exim Pvt Ltd      Proposed FB Bk     CRISIL         66.5    Downgraded
                                        Limits             BB/Stable              from 'CRISIL
                                                                                  BB+/Stable'
Senthil Kumar Textiles                  CC                 CRISIL C       130     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Shakti Opto-Telelinks                   CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Sheenlac Paints Ltd                     CC                 CRISIL         565     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Sheenlac Paints Ltd                     Rupee TL           CRISIL         16      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Shivam Transcon Pvt Ltd                 CC                 CRISIL         125     Reaffirmed
                                                           BBB/Stable
Shivam Transcon Pvt Ltd                 Proposed BG        CRISIL         200     Reaffirmed
                                                           BBB/Stable
Shivam Transcon Pvt Ltd                 Proposed LT Bk     CRISIL         500     Assigned
                                        Loan Fac           BBB/Stable
Shivdham Frozen Foods Pvt Ltd           CC                 CRISIL         40      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shivdham Frozen Foods Pvt Ltd           Proposed LT Bk     CRISIL         31      Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Shivdham Frozen Foods Pvt Ltd           TL                 CRISIL         10      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shiwalya Spinning and Weaving Mills Pvt CC                 CRISIL         310     Downgraded
Ltd                                                        BB+/Stable             from 'CRISIL
                                                                                  BBB-/Stable'
SHREE GOVARDHAN COTGIN Pvt Ltd          CC                 CRISIL D       475     -
Downgraded from CRISIL B/Stable (Issuer Not Cooperating)
(Issuer Not Cooperating)
SHREE GOVARDHAN COTGIN Pvt Ltd          TL                 CRISIL D       20      ISSUER NOT
                                                                                  COOPERATING;
                                                                                  Downgraded
from 'CRISIL B/Stable (Issuer Not Cooperating)'*
(Issuer Not Cooperating)
Shree Naveen Silk Mills Pvt Ltd         CC                 CRISIL         40      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Shree Naveen Silk Mills Pvt Ltd         Proposed TL        CRISIL         3.7     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Shree Naveen Silk Mills Pvt Ltd         Rupee TL           CRISIL         26.3    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Shreeji Enterprise - Ahmedabad          CC                 CRISIL         20      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Shreeji Enterprise - Ahmedabad          Proposed LT Bk     CRISIL         4.6     Reaffirmed
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Shreeji Enterprise - Ahmedabad          TL                 CRISIL         29.5    Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Shri Hardayal Singh Sheetgarh Pvt Ltd   CC                 CRISIL         57      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shri Paharimata Cold Storage Pvt Ltd    CC                 CRISIL         50      Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
Shri Paharimata Cold Storage Pvt Ltd    Proposed LT Bk     CRISIL         7       Rating
                                        Loan Fac           B-/Stable              Migrated
(Issuer Not Cooperating)
Shri Paharimata Cold Storage Pvt Ltd    Rupee TL           CRISIL         19      Rating
                                                           B-/Stable              Migrated
(Issuer Not Cooperating)
Shri Ram Krupa Medicare Pvt Ltd         CC                 CRISIL         80      Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable'
Shri Ram Krupa Medicare Pvt Ltd         TL                 CRISIL         365     Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable'
Shukan Micro Mineral LLP                CC                 CRISIL         60      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shukan Micro Mineral LLP                Proposed LT Bk     CRISIL         2       Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Shukan Micro Mineral LLP                TL                 CRISIL         112.5   Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Shyam Fibers                            CC                 CRISIL D       40      Downgraded
                                                                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Shyam Fibers                            LT Loan            CRISIL D       15.1    Downgraded
                                                                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Shyam Fibers                            Proposed LT Bk     CRISIL D       10.9    Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Siliguri Builders Pvt Ltd               CC                 CRISIL         175     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Siliguri Builders Pvt Ltd               Channel Financing  CRISIL         240     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              CC                 CRISIL         75      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              Proposed LT Bk     CRISIL         121.4   Rating
                                        Loan Fac           BB-/Stable             Migrated
(Issuer Not Cooperating)
Smartak Footcare Pvt Ltd                CC                 CRISIL         73.7    Reaffirmed
                                                           BB+/Stable
Smartak Footcare Pvt Ltd                LT Loan            CRISIL         16.3    Reaffirmed
                                                           BB+/Stable
SMS International Beverages Pvt Ltd     CC                 CRISIL B/Stable30      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
SMS International Beverages Pvt Ltd     Proposed LT Bk     CRISIL B/Stable24.3    Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
SMS International Beverages Pvt Ltd     TL                 CRISIL B/Stable48.8    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Soham Cold Storage and Chilling Plants  CC                 CRISIL B/Stable20.5    Assigned
Soham Cold Storage and Chilling Plants  TL                 CRISIL B/Stable30.1    Assigned
Sperry Plast Ltd                        CC                 CRISIL D       500     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sperry Plast Ltd                        LOC                CRISIL D       250     Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sperry Plast Ltd                        TL                 CRISIL D       1000    Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Sree Venkateswara Constructions -       Proposed LT Bk     CRISIL BB-     5       Rating
Chennai                                 Loan Fac                                  Migrated
(Issuer Not Cooperating)
Sri Gopal Inter Globe Exports           Proposed LT Bk     CRISIL B/Stable50      Assigned
                                        Loan Fac
Sri Luxmi Tulasi Agro Paper Pvt Ltd     Ratings            -              -       -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
SRI Ram Enterprises - Vishakapatnam     Proposed LT Bk     CRISIL         8.7     Reaffirmed
                                        Loan Fac           BB+/Stable
(Issuer Not Cooperating)
SRI Ram Enterprises - Vishakapatnam     Secured Overdraft  CRISIL         30      Reaffirmed
                                        Fac                BB+/Stable
(Issuer Not Cooperating)
SRI Ram Enterprises - Vishakapatnam     TL                 CRISIL         61.3    Reaffirmed
                                                           BB+/Stable
(Issuer Not Cooperating)
Sri Srinivasa Textiles - Kakinada       CC                 CRISIL         20      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sri Srinivasa Textiles - Kakinada       LT Loan            CRISIL         50      Reaffirmed
                                                           B+/Stable
(Issuer Not Cooperating)
Sri Srinivasa Textiles - Kakinada       Proposed LT Bk     CRISIL         20      Reaffirmed
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Sri Thirumalai Balaji Spinning Mills    CC                 CRISIL B/Stable20      Rating
-Erode                                                                            Migrated
(Issuer Not Cooperating)
Sri Thirumalai Balaji Spinning Mills    LT Loan            CRISIL B/Stable142.3   Rating
-Erode                                                                            Migrated
(Issuer Not Cooperating)
Sriyansh Knitters                       CC                 CRISIL         155     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
SRM Construction                        Overdraft          CRISIL         80      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Standard Agro Vet Pvt Ltd               CC                 CRISIL         65      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Standard Agro Vet Pvt Ltd               Proposed CC Limit  CRISIL         50      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Standard Frozen Foods Exports Pvt Ltd   CC                 CRISIL         40      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Standard Frozen Foods Exports Pvt Ltd   Cash TL            CRISIL         200     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Standard Frozen Foods Exports Pvt Ltd   Export Packing     CRISIL         110     Rating
                                        Credit             BB/Stable              Migrated
(Issuer Not Cooperating)
Standard Frozen Foods Exports Pvt Ltd   Proposed CC Limit  CRISIL         20      Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       CC                 CRISIL         62.5    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       Proposed LT Bk     CRISIL         7.7     Rating
                                        Loan Fac           BB/Stable              Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       Standby Line of    CRISIL         12.5    Rating
                                        Credit             BB/Stable              Migrated
(Issuer Not Cooperating)
Steel and Industrial Forgings Ltd       TL                 CRISIL         29.8    Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Stuti Pipes Pvt Ltd                     CC#                CRISIL         110     Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating),#Letter of Credit of Rs 2.75 crore and Bank Guarantee of Rs 0.50 crore
are sub-limits
Sukra Jewellery                         CC/ Overdraft Fac  CRISIL         50      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Sun Blues                               CC                 CRISIL         120     Rating
                                                           BB/Stable              Migrated
(Issuer Not Cooperating)
Super Tech Laces Tirupur Pvt Ltd        CC                 CRISIL         30      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Super Tech Laces Tirupur Pvt Ltd        Rupee TL           CRISIL         65      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Supritha Cashew Industries              CC                 CRISIL         53      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Sureyan Modern Rice Mill                CC                 CRISIL         80      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Swagattam Plastics                      CC                 CRISIL         70      Withdrawn
                                                           BB-/Stable
T. Kanagaraj                            CC                 CRISIL B/Stable50      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Tata Teleservices (Maharashtra) Ltd     CC/ Overdraft Fac  CRISIL         350     Reaffirmed
                                                           AA-/Stable
Tata Teleservices (Maharashtra) Ltd     Proposed TL        CRISIL         43448.4 Reaffirmed
                                                           AA-/Stable
Tata Teleservices Ltd                   CC                 CRISIL         3000    Reaffirmed
                                                           AA-/Stable
Tata Teleservices Ltd                   Proposed TL        CRISIL         56313.1 Reaffirmed
                                                           AA-/Stable
Thankys Exports Pvt Ltd                 CC                 CRISIL         120     Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
The Creative Texture                    CC                 CRISIL         55      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
The Creative Texture                    Export Packing     CRISIL         57.5    Rating
                                        Credit             BB-/Stable             Migrated
(Issuer Not Cooperating)
The Creative Texture                    LT Loan            CRISIL         5       Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
The Creative Texture                    Proposed LT Bk     CRISIL         22.5    Rating
                                        Loan Fac           BB-/Stable             Migrated
(Issuer Not Cooperating)
The Metal Powder Co. Ltd                LT Loan            CRISIL         300     Reaffirmed
                                                           A-/Stable
The Metal Powder Co. Ltd                Proposed LT Bk     CRISIL         500     Reaffirmed
                                        Loan Fac           A-/Stable
Toplon Industries Pvt Ltd               CC                 CRISIL D       45      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Toplon Industries Pvt Ltd               LT Loan            CRISIL D       65      Rating
                                                                                  Migrated
(Issuer Not Cooperating)
Toplon Industries Pvt Ltd               Proposed LT Bk     CRISIL D       25      Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Umesh Mineral Industries Pvt Ltd        CC                 CRISIL         35      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Umesh Mineral Industries Pvt Ltd        Proposed LT Bk     CRISIL         25      Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Unifab Engineering Project Pvt Ltd      Proposed FB Bk     CRISIL         43      Assigned
                                        Limits             BB/Stable
Unifab Engineering Project Pvt Ltd      Drop Line          CRISIL         17      Assigned
                                        Overdraft Fac      BB/Stable
Unifab Engineering Project Pvt Ltd      CC                 CRISIL         10      Assigned
                                                           BB/Stable
Unifour Developers Pvt Ltd              Proposed LT Bk     CRISIL         35      Rating
                                        Loan Fac           B+/Stable              Migrated
(Issuer Not Cooperating)
Unifour Developers Pvt Ltd              TL                 CRISIL         60      Rating
                                                           B+/Stable              Migrated
(Issuer Not Cooperating)
Universal Air Products Pvt Ltd          CC                 CRISIL         50      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Universal Air Products Pvt Ltd          Proposed CC Limit  CRISIL         81.1    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Universal Air Products Pvt Ltd          Standby Line of    CRISIL         5       Rating
                                        Credit             BB-/Stable             Migrated
(Issuer Not Cooperating)
Universal Air Products Pvt Ltd          TL                 CRISIL         48.9    Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
V Kathiresan                            Proposed LT Bk     CRISIL B/Stable5       Rating
                                        Loan Fac                                  Migrated
(Issuer Not Cooperating)
Valentis Cancer Care Hospital Pvt Ltd   BG                 CRISIL         1.2     Reaffirmed
                                                           BB-/Stable
(Issuer Not Cooperating)
Valentis Cancer Care Hospital Pvt Ltd   TL                 CRISIL         145     Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Versatile Mobile Distributors Pvt Ltd   BG                 CRISIL D       51.5    Downgraded
                                                                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Versatile Mobile Distributors Pvt Ltd   CC                 CRISIL D       88.5    Downgraded
                                                                                  from 'CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Vertice Global Pvt Ltd                  CC                 CRISIL         45      Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable'
Vertice Global Pvt Ltd                  LT Loan            CRISIL         55      Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable'
Vidyapati Cold Storage Pvt Ltd          CC                 CRISIL         11.6    Reaffirmed
                                                           B+/Stable
Vidyapati Cold Storage Pvt Ltd          Proposed LT Bk     CRISIL         23.9    Reaffirmed
                                        Loan Fac           B+/Stable
Vidyapati Cold Storage Pvt Ltd          WC Fac             CRISIL         64.3    Reaffirmed
                                                           B+/Stable
Vijay Kapoor Constructions              CC                 CRISIL         40      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Vikas Educational Society               Cash TL            CRISIL         50      Rating
                                                           BB-/Stable             Migrated
(Issuer Not Cooperating)
Vikas Educational Society               Proposed LT Bk     CRISIL         50      Rating
                                        Loan Fac           BB-/Stable             Migrated
(Issuer Not Cooperating)
Vivekanand Cotspin LLP                  CC                 CRISIL         60      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@refinitiv.com)
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