February 28, 2019 / 11:12 AM / a year ago

CRISIL ratings for Indian debt instruments-Feb 28

    Feb 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of February 27, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ananta Charitable Educational Society   BG                 CRISIL A4+     50      Assigned
Aristoplast Products Pvt Ltd            BG                 CRISIL A2      230     Reaffirmed
AST Telecom Solar Pvt Ltd               BG                 CRISIL A2      190     Reassigned
Avanse Financial Services Ltd           CP Programme       CRISIL A1      5000    Downgrade
                                                                                  from CRISIL
                                                                                  A1+
Balaji Contracting Company Pvt Ltd      BG                 CRISIL A4+     70      Assigned
Bhabani Pigments Pvt Ltd                BG                 CRISIL A2+     3       Reaffirmed
Bhabani Pigments Pvt Ltd                LOC                CRISIL A2+     30      Reaffirmed
Carzonrent India Pvt Ltd                BG                 CRISIL A4+     15.8    Reassigned
CavinKare Pvt Ltd                       Proposed NFBL      CRISIL A1      512.5   Reaffirmed
Centum Electronics Ltd                  LOC & BG           CRISIL A3      1327    Reaffirmed
Comt Constructions Pvt Ltd              BG                 CRISIL A3      300     Reaffirmed
Dewan Housing Finance Corporation Ltd   CP                 CRISIL A1      15250   Downgrade
                                                                                  from CRISIL
                                                                                  A1+
Dewan Housing Finance Corporation Ltd   ST Deposit#        CRISIL A1      10000   Downgrade
                                                                                  from CRISIL
                                                                                  A1+
#This rating does not pertain to the companys Fixed Deposit programme. As per management, the
current outstanding amount under this rated instrument is only ~Rs 11 crore as on date and they
plan to fully repay the same shortly.
Futuristic Packaging Pvt Ltd            LOC                CRISIL A4+     50      Assigned
Futuristic Packaging Pvt Ltd            BG                 CRISIL A4+     1.5     Assigned
Global Kitchens (Kolkata) LLP           BG                 CRISIL A3      5       Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Hariram Packaging and Polymers          BG                 CRISIL A4      30      -
(Issuer Not Cooperating)
Hayat Hospital Pvt Ltd                  Overdraft          CRISIL A4+     11      Assigned
HRS Process Systems Ltd                 BG                 CRISIL A3+     100     Reaffirmed
HRS Process Systems Ltd                 LOC                CRISIL A3+     50      Reaffirmed
Jalaram Agriexports Pvt Ltd             Foreign Exchange   CRISIL A4+     10.9    Assigned
                                        Forward
Jugal Kishore Mahanta                   BG                 CRISIL A3      490     Reaffirmed
Karnataka Chemical Industries           BG                 CRISIL A4+     40      Reaffirmed
Karnataka Chemical Industries           Bill Negotiation   CRISIL A4+     15      Reaffirmed
Karnataka Chemical Industries           LOC                CRISIL A4+     75      Reaffirmed
Kesar Alloys and Metals Pvt Ltd         LOC                CRISIL A4+     40      Reaffirmed
L&T Shipbuilding Ltd                    Proposed NFBL      CRISIL A1+     8000    Reaffirmed
L&T Shipbuilding Ltd                    CP                 CRISIL A1+     15500   Withdrawn
L N Constructions                       BG                 CRISIL D       70      Downgraded
                                                                                  from CRISIL
                                                                                  A4
(Issuer Not Cooperating)
M Arunachalam Projects and              BG                 CRISIL A3      100     Upgraded from
Infrastructure Company Pvt Ltd                                                    CRISIL A4+
M R K R Constructions and Industries    BG                 CRISIL A3      1750    Reaffirmed
Pvt Ltd
M. E. Infra Projects Pvt Ltd            BG                 CRISIL A4+     600     Reaffirmed
Magnum Export                           Bill Discounting   CRISIL A4+     195     Reaffirmed
Maja Health Care Division               BG                 CRISIL A3+     27.5    Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Inland/Import LOC  CRISIL A2+     204.5   Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Post Shipment      CRISIL A2+     102.5   Reaffirmed
                                        Credit
Meracus Mineral LLP                     BG                 CRISIL A4+     7       -
(Issuer Not Cooperating)
Multiple Special Steel Pvt Ltd          Import LOC Limit   CRISIL A4+     20      Assigned
M/s Vimlesh Prasad Singh                BG                 CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Naviya Technologies                     LOC                CRISIL A4+     20      Assigned
Naviya Technologies                     BG                 CRISIL A4+     49      Assigned
Navpad Steel Centre                     LOC                CRISIL A4+     80      -
(Issuer Not Cooperating)
Nobel Hygiene Pvt Ltd                   LOC                CRISIL A3+     185.4   Reaffirmed
Nulux Engineers                         Packing Credit     CRISIL A4      130     -
(Issuer Not Cooperating)
Orbit Exports Ltd                       BG                 CRISIL A2+     10      -
(Issuer Not Cooperating)
Orbit Exports Ltd                       Foreign Exchange   CRISIL A2+     25.5    -
                                        Forward
(Issuer Not Cooperating)
Oriental Rubber Industries Pvt Ltd      BG                 CRISIL A4+     150     Reaffirmed
Oriental Rubber Industries Pvt Ltd      LOC                CRISIL A4+     625     Reaffirmed
Pandrol Rahee Technologies Pvt Ltd      BG                 CRISIL A4+     240     Reaffirmed
Permeshwar Fashions Impex Pvt Ltd       LOC                CRISIL A3+     10      Withdrawn
PKS Technobuild Pvt Ltd                 Proposed BG        CRISIL A4+     40      Assigned
PKS Technobuild Pvt Ltd                 BG                 CRISIL A4+     40      Assigned
Prominent Vanijya Pvt Ltd               BG                 CRISIL A4+     11      -
(Issuer Not Cooperating)
Prominent Vanijya Pvt Ltd               LOC                CRISIL A4+     10      -
(Issuer Not Cooperating)
R A Kraft Paper Pvt Ltd                 LOC                CRISIL A4+     50      -
(Issuer Not Cooperating)
R K Jain Infra projects Pvt. Ltd.       BG                 CRISIL A4+     950     Downgraded
                                                                                  from CRISIL
                                                                                  A3
R K Jain Infra projects Pvt. Ltd.       Overdraft          CRISIL A4+     20      Downgraded
                                                                                  from CRISIL
                                                                                  A3
Rama Phosphates Ltd                     BG                 CRISIL A3      31.3    Withdrawn
Rama Phosphates Ltd                     Inland/Import LOC  CRISIL A3      67.7    Withdrawn
Rama Phosphates Ltd                     LOC                CRISIL A3      121     Withdrawn
Ramkrishna Electricals Ltd              BG                 CRISIL A4+     60      -
(Issuer Not Cooperating)
Ramkrishna Electricals Ltd              LOC                CRISIL A4+     35      -
(Issuer Not Cooperating)
S.S. Civil Construction Pvt Ltd         BG                 CRISIL A4+     60      Assigned
Saraca Laboratories Ltd                 BG                 CRISIL A2+     10      Reaffirmed
Saraca Laboratories Ltd                 LOC                CRISIL A2+     250     Reaffirmed
Saraswati Vehicles LLP                  BG                 CRISIL A4      2       Reaffirmed
Shree Mahalaxmi Himghar Pvt Ltd         BG                 CRISIL A4      4       -
(Issuer Not Cooperating)
Sree Lakshmi Agencies                   LOC                CRISIL A4+     100     -
(Issuer Not Cooperating)
Sree Santhosh Garments                  BG                 CRISIL A3+     2       -
(Issuer Not Cooperating)
Sree Santhosh Garments                  Foreign            CRISIL A3+     50      -
                                        Discounting Bill
                                        Purchase
(Issuer Not Cooperating)
Sree Santhosh Garments                  Packing Credit     CRISIL A3+     50      -
(Issuer Not Cooperating)
Sun-Tech Transformers                   Bill Discounting   CRISIL A4      50      Assigned
Swati Industries                        Bill Purchase      CRISIL A4+     80      -
(Issuer Not Cooperating)
Swati Industries                        LOC                CRISIL A4+     50      -
(Issuer Not Cooperating)
Swati Industries                        Packing Credit     CRISIL A4+     165     -
(Issuer Not Cooperating)
Teknovation Engineers Pvt Ltd           BG                 CRISIL A4      10.5    -
(Issuer Not Cooperating)
TPP Boilers Pvt Ltd                     BG                 CRISIL A4+     30      -
(Issuer Not Cooperating)
TPP Boilers Pvt Ltd                     LOC                CRISIL A4+     20      -
(Issuer Not Cooperating)
United Freight Carriers Pvt Ltd         BG                 CRISIL A4      20      Reaffirmed
Urvi Exim                               Packing Credit     CRISIL A4      100     Reaffirmed
(Issuer Not Cooperating)
V.N.Dyers and Processors Pvt Ltd        BG                 CRISIL A4+     10      -
(ISSUER NOT COOPERATING)
Varun Beverages Ltd                     LOC                CRISIL A1+     950     Reaffirmed
Varun Beverages Ltd                     CP                 CRISIL A1+     2500    Reaffirmed
Vina Electricals Pvt Ltd                BG                 CRISIL A4      30      Assigned
Vinita Synthetic Industries Pvt Ltd     LOC                CRISIL A4      60      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Vishnu Carriers Pvt Ltd                 BG                 CRISIL A4+     30      -
(Issuer Not Cooperating)
VPR Constructions-Hyderaba              BG                 CRISIL A4+     35      -
(ISSUER NOT COOPERATING)
VPR Constructions-Hyderaba              LOC                CRISIL A4+     5       -
(ISSUER NOT COOPERATING)
Western Outdoor Structures Pvt Ltd      BG                 CRISIL A4+     30      -
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd     BG                 CRISIL A4      3       -
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 BG                 CRISIL A4+     15      -
(Issuer Not Cooperating)


LONG TERM RATINGS:
-------------------
A R S Fabrics Pvt Ltd                   TL                 -              100     Withdrawn
(Issuer Not Cooperating)
Adinath Dyeing And Finishing Mills      Proposed LT Bk     CRISIL BB+     27      Assigned
                                        Loan Fac
Adinath Dyeing And Finishing Mills      LT Loan            CRISIL BB+     43      Assigned
Adinath Dyeing And Finishing Mills      CC                 CRISIL BB+     20      Assigned
Adinath Dyeing And Finishing Mills      Drop Line          CRISIL BB+     12      Assigned
                                        Overdraft Fac
Aditya Automobile Spares Pvt Ltd        CC                 CRISIL BB      120     -
(Issuer Not Cooperating)
Aditya Oil Industries-Mehsana           TL                 CRISIL BB      3       Assigned
Aditya Oil Industries-Mehsana           CC                 CRISIL BB      110     Assigned
Aditya Oil Industries-Mehsana           Proposed FB Bk     CRISIL BB      7       Assigned
                                        Limits
Adventure Park                          Proposed TL        CRISIL B       50      -
(Issuer Not Cooperating)
Ambit Concrete Pvt Ltd                  CC                 CRISIL BB      100     Assigned
Ananta Charitable Educational Society   Rupee TL           CRISIL BB      650     Assigned
Archana Hospitals Pvt Ltd               LT Loan            CRISIL BB-     86.9    -
(Issuer Not Cooperating)
Archana Hospitals Pvt Ltd               Proposed LT Bk     CRISIL BB-     13.1    -
                                        Loan Fac
(Issuer Not Cooperating)
Aristoplast Products Pvt Ltd            CC                 CRISIL BBB+    20      Reaffirmed
Aspam Academy Noida                     Rupee TL           CRISIL BBB     760     Reaffirmed
AST Telecom Solar Pvt Ltd               Proposed LT Bk     CRISIL BBB+    60      Reaffirmed
                                        Loan Fac
B. S. P. Refineris                      CC                 CRISIL BB+     70      Reaffirmed
Bhabani Pigments Pvt Ltd                CC                 CRISIL A-      180.4   Reaffirmed
Bhasin and Company                      Inland Guarantees  -              80      Withdrawn
(Issuer Not Cooperating)
Bhasin and Company                      Inland/Import LOC  -              20      Withdrawn
(Issuer Not Cooperating)
Bhasin and Company                      Overdraft          -              80      Withdrawn
(Issuer Not Cooperating)
Bhasin and Company                      Proposed BG        -              10      Withdrawn
(Issuer Not Cooperating)
BL Food Industries                      Open CC            CRISIL B       97.5    Reaffirmed
BL Food Industries                      TL                 CRISIL B       2.5     Reaffirmed
Bolton Petforms Pvt Ltd                 CC                 CRISIL D       49      Reaffirmed
Bolton Petforms Pvt Ltd                 Proposed LT Bk     CRISIL D       5       Reaffirmed
                                        Loan Fac
Bolton Petforms Pvt Ltd                 TL                 CRISIL D       86      Reaffirmed
Carzonrent India Pvt Ltd                CC                 -              25      Withdrawn
Carzonrent India Pvt Ltd                Proposed LT Bk     -              250.2   Withdrawn
                                        Loan Fac
Carzonrent India Pvt Ltd                TL                 -              13.9    Withdrawn
Carzonrent India Pvt Ltd                CC                 CRISIL BB+     90      Reaffirmed
Carzonrent India Pvt Ltd                Proposed CC Limit  CRISIL BB+     60      Reaffirmed
Carzonrent India Pvt Ltd                TL                 CRISIL BB+     26.5    Reaffirmed
CavinKare Pvt Ltd                       Bill Discounting&  CRISIL A       950     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                       CC                 CRISIL A       150     Reaffirmed
CavinKare Pvt Ltd                       LT Loan            CRISIL A       4150    Reaffirmed
CavinKare Pvt Ltd                       WC Demand Loan     CRISIL A       650     Reaffirmed
CavinKare Pvt Ltd                       Proposed TL        CRISIL A       250     Reaffirmed
CavinKare Pvt Ltd                       WC Demand Loan$    CRISIL A       550     Reaffirmed
$Interchangeable with cash credit upto Rs 40 Cr and letter of credit upto Rs 15 Cr
CavinKare Pvt Ltd                       WC Demand Loan#    CRISIL A       50      Reaffirmed
#Fully interchangeable with cash credit
CavinKare Pvt Ltd                       WC Demand Loan@    CRISIL A       37.5    Reaffirmed
@Fully interchangeable with cash credit and letter of credit
Centum Electronics Ltd                  CC                 CRISIL BBB-    410     Reaffirmed
Centum Electronics Ltd                  Cash TL            CRISIL BBB-    380     Reaffirmed
Centum Electronics Ltd                  Export Packing     CRISIL BBB-    350     Reaffirmed
                                        Credit
Centum Electronics Ltd                  WC Loan            CRISIL BBB-    1030    Reaffirmed
Comt Constructions Pvt Ltd              CC                 CRISIL BBB-    70      Reaffirmed
Comt Constructions Pvt Ltd              Drop Line          CRISIL BBB-    10      Reaffirmed
                                        Overdraft Fac
Comt Constructions Pvt Ltd              Proposed LT Bk     CRISIL BBB-    250     Reaffirmed
                                        Loan Fac
Constro Solutions Pvt Ltd               BG                 -              15      Withdrawn
(Issuer Not Cooperating)
Constro Solutions Pvt Ltd               CC                 -              65      Withdrawn
(Issuer Not Cooperating)
Constro Solutions Pvt Ltd               TL                 -              220     Withdrawn
(Issuer Not Cooperating)
D. S. Rolling Mills Pvt Ltd             CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Effwa Infra & Research Pvt Ltd          CC                 -              60      Withdrawn
Effwa Infra & Research Pvt Ltd          LOC & BG           -              140     Withdrawn
Empire Spices and Foods Ltd             CC                 CRISIL BBB-    120     Reaffirmed
Empire Spices and Foods Ltd             Proposed LT Bk     CRISIL BBB-    140     Reaffirmed
                                        Loan Fac
Empire Spices and Foods Ltd             TL                 CRISIL BBB-    140     Reaffirmed
Eshwari Textile Processing Pvt Ltd      Overdraft          CRISIL BB      25      -
(Issuer Not Cooperating)
Eshwari Textile Processing Pvt Ltd      TL                 CRISIL BB      47.5    -
(Issuer Not Cooperating)
Future Auto Wheels Pvt Ltd              CC                 -              10      Withdrawn
Future Auto Wheels Pvt Ltd              Electronic Dealer  -              162.5   Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Future Auto Wheels Pvt Ltd              Proposed LT Bk     -              2.5     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Futurenexa Cars Pvt Ltd                 CC                 -              1       Withdrawn
(Issuer Not Cooperating)
Futurenexa Cars Pvt Ltd                 Electronic Dealer  -              110     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Futurenexa Cars Pvt Ltd                 TL                 -              11.8    Withdrawn
(Issuer Not Cooperating)
Futuristic Packaging Pvt Ltd            TL                 CRISIL BB      12.8    Assigned
Futuristic Packaging Pvt Ltd            CC^                CRISIL BB      91      Assigned
^Includes sublimit packing credit of Rs 2 crore and FDBP of Rs 2 crore
Geeta Machine Tools Pvt Ltd             BG                 -              120     Withdrawn
(Issuer Not Cooperating)
Geeta Machine Tools Pvt Ltd             CC                 -              90      Withdrawn
(Issuer Not Cooperating)
Geeta Machine Tools Pvt Ltd             LOC                -              30      Withdrawn
(Issuer Not Cooperating)
Geeta Machine Tools Pvt Ltd             Proposed LT Bk     -              25      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Geeta Machine Tools Pvt Ltd             TL                 -              35      Withdrawn
(Issuer Not Cooperating)
Global Kitchens (Kolkata) LLP           Proposed LT Bk     CRISIL BBB-    88      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Global Kitchens (Kolkata) LLP           TL                 CRISIL BBB-    42      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Gurudev Overseas Ltd                    CC                 -              40      Withdrawn
(Issuer Not Cooperating)
Gurudev Overseas Ltd                    Inland/Import LOC  -              75      Withdrawn
(Issuer Not Cooperating)
Hariram Packaging and Polymers          CC                 CRISIL B+      70      -
(Issuer Not Cooperating)
Hariram Packaging and Polymers          Proposed LT Bk     CRISIL B+      90      -
                                        Loan Fac
(Issuer Not Cooperating)
Hayat Hospital Pvt Ltd                  TL                 CRISIL BB+     157     Assigned
Hayat Hospital Pvt Ltd                  CC                 CRISIL BB+     32      Assigned
Hindustan Enviro Life Protection        CC                 -              90      Withdrawn
Services Ltd
(Issuer Not Cooperating)
HRS Process Systems Ltd                 CC                 CRISIL BBB     87.5    Reaffirmed
HRS Process Systems Ltd                 Proposed CC Limit  CRISIL BBB     10      Reaffirmed
HRS Process Systems Ltd                 Standby Line of    CRISIL BBB     12.5    Reaffirmed
                                        Credit
Indian School of Business               LT Loan            CRISIL AA      1400    Upgraded from
                                                                                  CRISIL AA-
Indian School of Business               Overdraft          CRISIL AA      600     Upgraded from
                                                                                  CRISIL AA-
J T L Infra Ltd                         CC                 -              100     Withdrawn
(Issuer Not Cooperating)
J T L Infra Ltd                         Packing Credit in  -              150     Withdrawn
                                        Foreign Currency
(Issuer Not Cooperating)
Jain Sons India - Agra                  BG                 -              30      Withdrawn
Jain Sons India - Agra                  CC                 -              48      Withdrawn
Jain Sons India - Agra                  LOC                -              20      Withdrawn
Jain Sons India - Agra                  Proposed BG        -              20      Withdrawn
Jain Sons India - Agra                  Proposed LOC       -              30      Withdrawal
Jalaram Agriexports Pvt Ltd             TL                 CRISIL BB+     9.1     Assigned
Jalaram Agriexports Pvt Ltd             Packing Credit^    CRISIL BB+     170     Assigned
^includes sublimit CC of Rs 0.25 crore
Jalaram Agriexports Pvt Ltd             Bill Discounting   CRISIL BB+     30      Assigned
JSR Developers Pvt Ltd                  TL                 CRISIL B+      90      -
(Issuer Not Cooperating)
Jugal Kishore Mahanta                   CC                 CRISIL BBB-    100     Reaffirmed
K. Dinesh Furnishing Pvt Ltd            CC                 CRISIL BB      60      Assigned
K. Dinesh Furnishing Pvt Ltd            Proposed LT Bk     CRISIL BB      40      Assigned
                                        Loan Fac
Kalyaneswari Udyog Pvt Ltd              CC                 -              65      Withdrawn
(Issuer Not Cooperating)
Kamla Oleo Pvt Ltd                      CC*                CRISIL A-      220     Reaffirmed
*Fully interchangeable with letter of credit
Kamla Oleo Pvt Ltd                      TL                 CRISIL A-      30      Reaffirmed
Kamtanath Food Product Pvt Ltd          CC                 CRISIL B+      40      -
(Issuer Not Cooperating)
Kamtanath Food Product Pvt Ltd          LT Loan            CRISIL B+      80      -
(Issuer Not Cooperating)
Karnataka Chemical Industries           CC                 CRISIL BB+     240     Upgraded from
                                                                                  CRISIL BB
Karnataka Chemical Industries           Proposed LT Bk     CRISIL BB+     60      Upgraded from
                                        Loan Fac                                  CRISIL BB
Kesar Alloys and Metals Pvt Ltd         CC                 CRISIL BB-     68      Reaffirmed
Kesar Alloys and Metals Pvt Ltd         Electronic Dealer  CRISIL BB-     40      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Kesar Alloys and Metals Pvt Ltd         Proposed FB Bk     CRISIL BB-     19.5    Reaffirmed
                                        Limits
Kesar Alloys and Metals Pvt Ltd         TL                 CRISIL BB-     20      Reaffirmed
Konvertor Packaging Solutions Pvt Ltd   CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL BB
Konvertor Packaging Solutions Pvt Ltd   LT Loan            CRISIL BB+     21      Upgraded from
                                                                                  CRISIL BB
Kuno Trust Feb 2019 - Suryoday Small    Series A1 PTCs     Provisional    464.1   Assigned
Finance Bank Ltd                                           CRISIL A 
L N Constructions                       CC                 CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  B-
(Issuer Not Cooperating)
L&T Shipbuilding Ltd                    FB Fac             CRISIL AA-     4250    Reaffirmed
L&T Shipbuilding Ltd                    Non-FBL            CRISIL AA-     9750    Reaffirmed
L&T Shipbuilding Ltd                    Proposed FB Bk     CRISIL AA-     8000    Reaffirmed
                                        Limits
L&T Shipbuilding Ltd                    NCD                CRISIL AAA     13310   Reaffirmed
Late Shri Vishnu Waman Thakur           TL                 CRISIL BBB     95      Assigned
Charitable Trust
Leade Liquor Manufacturing Pvt Ltd      Proposed LT Bk     CRISIL D       68.4    -
                                        Loan Fac
(Issuer Not Cooperating)
Leade Liquor Manufacturing Pvt Ltd      TL                 CRISIL D       29.1    -
(Issuer Not Cooperating)
M Arunachalam Projects and              Proposed LT Bk     -              220     Withdrawn
Infrastructure Company Pvt Ltd          Loan Fac
M R K R Constructions and Industries    CC                 CRISIL BBB-    40      Reaffirmed
Pvt Ltd
M R K R Constructions and Industries    Proposed LT Bk     CRISIL BBB-    550     Reaffirmed
Pvt Ltd                                 Loan Fac
M. E. Infra Projects Pvt Ltd            CC                 CRISIL BB+     70      Reaffirmed
M. E. Infra Projects Pvt Ltd            Proposed WC Fac    CRISIL BB+     30      Reaffirmed
M. K. Proteins Ltd                      CC*                CRISIL A-      130     Reaffirmed
*Fully interchangeable with Letter of Credit
M/s Vimlesh Prasad Singh                CC                 CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Magnum Export                           Packing Credit     CRISIL BB-     730     Reassigned
Maja Health Care Division               CC                 CRISIL BBB     100     Reaffirmed
Maja Health Care Division               Proposed LT Bk     CRISIL BBB     47.5    Reaffirmed
                                        Loan Fac
Malar Textiles                          Proposed LT Bk     CRISIL B-      80      Assigned
                                        Loan Fac
Malladi Drugs and Pharmaceuticals Ltd   CC                 CRISIL A-      110     Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Cash TL            CRISIL A-      780     Reaffirmed
Malladi Drugs and Pharmaceuticals Ltd   Export Packing     CRISIL A-      900     Reaffirmed
                                        Credit
Malladi Drugs and Pharmaceuticals Ltd   Proposed LT Bk     CRISIL A-      3       Reaffirmed
                                        Loan Fac
Master Chain Pvt Ltd                    CC                 CRISIL BBB-    350     Reaffirmed
Meracus Mineral LLP                     CC                 CRISIL BB-     35      -
(Issuer Not Cooperating)
Meracus Mineral LLP                     Proposed LT Bk     CRISIL BB-     2       -
                                        Loan Fac
(Issuer Not Cooperating)
Meracus Mineral LLP                     TL                 CRISIL BB-     56      -
(Issuer Not Cooperating)
Mirrikh Motors Pvt Ltd                  CC                 -              150     Withdrawn
(Issuer Not Cooperating)
Multiple Special Steel Pvt Ltd          WC Fac             CRISIL BB+     125     Assigned
Multiple Special Steel Pvt Ltd          TL                 CRISIL BB+     26.9    Assigned
Multiple Special Steel Pvt Ltd          Proposed LT Bk     CRISIL BB+     8.1     Assigned
                                        Loan Fac
Multiple Special Steel Pvt Ltd          CC                 CRISIL BB+     70      Assigned
NAC Jewellers Pvt Ltd                   CC                 CRISIL BB+     1940    -
(Issuer Not Cooperating)
NAC Jewellers Pvt Ltd                   LT Loan            CRISIL BB+     68.5    -
(Issuer Not Cooperating)
Naviya Technologies                     Proposed LT Bk     CRISIL BB      151     Assigned
                                        Loan Fac
Naviya Technologies                     CC                 CRISIL BB      30      Assigned
Navpad Steel Centre                     Channel Financing  CRISIL BB-     80      -
(Issuer Not Cooperating)
Nobel Hygiene Pvt Ltd                   CC                 CRISIL BBB     400     Reaffirmed
Nobel Hygiene Pvt Ltd                   LT Loan            CRISIL BBB     431     Reaffirmed
Nobel Hygiene Pvt Ltd                   Proposed LT Bk     CRISIL BBB     183.6   Reaffirmed
                                        Loan Fac
Novasys Greenergy Pvt Ltd               CC                 CRISIL B       30      Reaffirmed
Novasys Greenergy Pvt Ltd               LT Bk Fac          CRISIL B       106     Reaffirmed
Novasys Greenergy Pvt Ltd               Proposed LT Bk     CRISIL B       14      Reaffirmed
                                        Loan Fac
Odysseus Logos LLP                      Proposed LT Bk     CRISIL B+      17.5    -
                                        Loan Fac
(Issuer Not Cooperating)
Odysseus Logos LLP                      Proposed TL        CRISIL B+      82.5    -
(Issuer Not Cooperating)
Orbit Exports Ltd                       CC*                CRISIL A-      235     -
(Issuer Not Cooperating)/*Includes sublimit of export packing credit/packing credit in foreign
currency/export bill discounting of Rs.21 crore
Orbit Exports Ltd                       Rupee TL           CRISIL A-      307.8   -
(Issuer Not Cooperating)
Oriental Rubber Industries Pvt Ltd      CC*                CRISIL BB+     1280    Reaffirmed
*Can interchangeably be used as packing credit
Oriental Rubber Industries Pvt Ltd      LT Loan            CRISIL BB+     110     Reaffirmed
P.C.S. Transports                       BG                 -              10      Withdrawn
(ISSUER NOT COOPERATING)
P.C.S. Transports                       CC                 -              50      Withdrawn
(ISSUER NOT COOPERATING)
P.C.S. Transports                       TL                 CRISIL BB-     30      -
(ISSUER NOT COOPERATING)
Pandrol Rahee Technologies Pvt Ltd      CC                 CRISIL BB+     50      Reaffirmed
Permeshwar Fashions Impex Pvt Ltd       Export Packing     CRISIL BBB     382.5   Withdrawn
                                        Credit
Permeshwar Fashions Impex Pvt Ltd       Standby Line of    CRISIL BBB     70      Withdrawn
                                        Credit
PKS Technobuild Pvt Ltd                 Proposed CC Limit  CRISIL BB      20      Assigned
PKS Technobuild Pvt Ltd                 CC                 CRISIL BB      50      Assigned
Pride Coke Pvt Ltd                      CC                 CRISIL B-      160     -
(Issuer Not Cooperating)
Pride Coke Pvt Ltd                      TL                 CRISIL B-      41.4    -
(Issuer Not Cooperating)
Prominent Vanijya Pvt Ltd               Buyer`s Credit     CRISIL BB      32.6    -
(Issuer Not Cooperating)
Prominent Vanijya Pvt Ltd               CC                 CRISIL BB      17      -
(Issuer Not Cooperating)
Prominent Vanijya Pvt Ltd               Proposed LT Bk     CRISIL BB      29.4    -
                                        Loan Fac
(Issuer Not Cooperating)
R A Kraft Paper Pvt Ltd                 Bill Discounting   CRISIL BB+     20      -
(Issuer Not Cooperating)
R A Kraft Paper Pvt Ltd                 CC                 CRISIL BB+     90      -
(Issuer Not Cooperating)
R G Bronze Mfg. Company Pvt Ltd         CC                 CRISIL BBB     75      -
(Issuer Not Cooperating)
R K Jain Infra projects Pvt. Ltd.       CC                 CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Raj Foods International                 CC                 -              40      Withdrawn
(Issuer Not Cooperating)
Raj Foods International                 Foreign Bill       -              170     Withdrawn
                                        Negotiation
(Issuer Not Cooperating)
Raj Laxmi Enterprises - Lucknow         BG                 -              34      Withdrawn
(ISSUER NOT COOPERATING)
Raj Laxmi Enterprises - Lucknow         CC                 -              9.5     Withdrawn
(ISSUER NOT COOPERATING)
Raj Laxmi Enterprises - Lucknow         Proposed BG        -              26.5    Withdrawn
(ISSUER NOT COOPERATING)
Raj Natural Food Pvt Ltd                CC                 -              30      Withdrawn
(Issuer Not Cooperating)
Raj Natural Food Pvt Ltd                Foreign Bill       -              30      Withdrawn
                                        Negotiation
(Issuer Not Cooperating)
Raj Natural Food Pvt Ltd                TL                 -              10      Withdrawn
(Issuer Not Cooperating)
Raja Motors (Bathinda)                  CC                 CRISIL B+      65      Reaffirmed
Raja Motors (Bathinda)                  Overdraft          CRISIL B+      20      Reaffirmed
Raja Motors (Bathinda)                  Proposed LT Bk     CRISIL B+      1.3     Reaffirmed
                                        Loan Fac
Rama Phosphates Ltd                     CC                 CRISIL BBB-    500     Withdrawn
Rami Reddy Constructions                LT Loan            CRISIL B       150     -
(Issuer Not Cooperating)
Ramkrishna Electricals Ltd              CC                 CRISIL BB      160     -
(Issuer Not Cooperating)
Ramkrishna Electricals Ltd              Proposed LT Bk     CRISIL BB      9.5     -
                                        Loan Fac
(Issuer Not Cooperating)
Rampuria Steel Pvt Ltd                  CC                 CRISIL BB-     100     -
(Issuer Not Cooperating)
Regent Energy Ltd                       LT Loan            -              120     Withdrawn
(Issuer Not Cooperating)
Riddhi Siddhi Gluco Biols Ltd           CC                 CRISIL BBB     500     Reaffirmed
Riddhi Siddhi Gluco Biols Ltd           LT Loan            CRISIL BBB     1350    Reaffirmed
Riddhi Siddhi Gluco Biols Ltd           Proposed LT Bk     CRISIL BBB     2000    Reaffirmed
                                        Loan Fac
S. Rajendran                            BG                 -              20      Withdrawn
(Issuer Not Cooperating)
S. Rajendran                            CC/ Overdraft Fac  -              15      Withdrawn
(Issuer Not Cooperating)
S. Rajendran                            Proposed BG        -              15      Withdrawn
(Issuer Not Cooperating)
S. Rajendran                            Proposed LT Bk     -              5       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
S.P. Lifestyles                         CC                 CRISIL BB      50      -
(ISSUER NOT COOPERATING)
S.S. Civil Construction Pvt Ltd         CC                 CRISIL BB+     30      Assigned
Saraca Laboratories Ltd                 Bill Discounting*  CRISIL A-      25      Reaffirmed
*Fully interchangeable among cash credit, export packing credit, and bill discounting limits
Saraca Laboratories Ltd                 CC*                CRISIL A-      150     Reaffirmed
*Fully interchangeable among cash credit, export packing credit, and bill discounting limits
Saraca Laboratories Ltd                 Export Packing     CRISIL A-      225     Reaffirmed
                                        Credit*
*Fully interchangeable among cash credit, export packing credit, and bill discounting limits
Saraca Laboratories Ltd                 Standby Line of    CRISIL A-      50      Reaffirmed
                                        Credit
Saraswati Vehicles LLP                  CC                 CRISIL B+      97      Upgraded from
                                                                                  CRISIL B
Saraswati Vehicles LLP                  Proposed CC Limit  CRISIL B+      16      Upgraded from
                                                                                  CRISIL B
Shree Balaji Enterprise Pvt Ltd         CC                 CRISIL BB+     125     -
(Issuer Not Cooperating)
Shree Ganesh Fats Pvt Ltd               CC*                CRISIL A-      290     Reaffirmed
*Fully interchangeable with Letter of Credit
Shree Mahalaxmi Himghar Pvt Ltd         CC                 CRISIL B       130     -
(Issuer Not Cooperating)
Shree Radhey Govinda Jewellers Pvt Ltd  Electronic Dealer  -              150     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Shree Vaibhavlaxmi Group Co Op Cotton   CC                 CRISIL BB      50      Assigned
Sale Ginning and Pressing Society Ltd
Shree Vaibhavlaxmi Group Co Op Cotton   TL                 CRISIL BB      4       Assigned
Sale Ginning and Pressing Society Ltd
Shri Nallapulliamman Hi-tech Modern     CC                 CRISIL BB-     100     -
Rice Mill
(ISSUER NOT COOPERATING)
Shri Nallapulliamman Traders            CC                 CRISIL B+      80      -
(Issuer Not Cooperating)
Shriniwas Trading Co.                   Warehouse Receipts CRISIL B+      50      Assigned
Shriniwas Trading Co.                   CC                 CRISIL B+      17.5    Assigned
Shriniwas Trading Co.                   Proposed LT Bk     CRISIL B+      32.5    Assigned
                                        Loan Fac
Sitara Jewellery Pvt Ltd                Export Packing     -              75      Withdrawn
                                        Credit
(Issuer Not Cooperating)
Sree Lakshmi Agencies                   CC                 CRISIL BB      45      -
(Issuer Not Cooperating)
Sree Santhosh Garments                  Foreign Currency TLCRISIL BBB     58      -
(Issuer Not Cooperating)
Sree Santhosh Garments                  LT Loan            CRISIL BBB     40      -
(Issuer Not Cooperating)
Sri Guru Harkrishan Sahib (C) Eye       Proposed LT Bk     CRISIL BB+     80      Upgraded from
Hospital Trust (Regd.)                  Loan Fac                                  CRISIL BB
Sri Guru Harkrishan Sahib (C) Eye       TL                 CRISIL BB+     200     Upgraded from
Hospital Trust (Regd.)                                                            CRISIL BB
Sri Sai Srinivasa Agro Tech Industries  CC                 CRISIL B       55      Reaffirmed
Sri Sai Srinivasa Agro Tech Industries  Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Sri Venkateswara Poultry Farm           CC                 CRISIL B       150     -
(Issuer Not Cooperating)
Sri Venkateswara Poultry Farm           LT Loan            CRISIL B       234.8   -
(Issuer Not Cooperating)
Suman Steel Industries                  CC                 CRISIL BB-     67.6    Assigned
Sun-Tech Transformers                   Proposed LT Bk     CRISIL B       5       Assigned
                                        Loan Fac
Sun-Tech Transformers                   CC                 CRISIL B       15      Assigned
Swati Industries                        CC                 CRISIL BB      60      -
(Issuer Not Cooperating)
Swati Industries                        TL                 CRISIL BB      45      -
(Issuer Not Cooperating)
Teknovation Engineers Pvt Ltd           CC                 CRISIL B-      25      -
(Issuer Not Cooperating)
Teknovation Engineers Pvt Ltd           TL                 CRISIL B-      38      -
(Issuer Not Cooperating)
TPP Boilers Pvt Ltd                     CC                 CRISIL BB      20      -
(Issuer Not Cooperating)
United Freight Carriers Pvt Ltd         CC                 CRISIL B       23      Reaffirmed
United Freight Carriers Pvt Ltd         Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
USM Healthcare                          CC                 CRISIL B+      0.8     -
(Issuer Not Cooperating)
USM Healthcare                          LT Loan            CRISIL B+      89.2    -
(Issuer Not Cooperating)
Utkal Healthcare Pvt Ltd                TL                 CRISIL B       450     -
(Issuer Not Cooperating)
V. J. Automobiles Pvt Ltd               CC                 CRISIL BB+     70      -
(Issuer Not Cooperating)
V. J. Automobiles Pvt Ltd               LT Loan            CRISIL BB+     20      -
(Issuer Not Cooperating)
V. J. Automobiles Pvt Ltd               Proposed LT Bk     CRISIL BB+     10      -
                                        Loan Fac
(Issuer Not Cooperating)
V.N.Dyers and Processors Pvt Ltd        CC                 CRISIL BBB-    150     -
(ISSUER NOT COOPERATING)
V.N.Dyers and Processors Pvt Ltd        Proposed TL        CRISIL BBB-    10      -
(ISSUER NOT COOPERATING)
Vaibhav Ispat Pvt Ltd                   CC                 CRISIL BB-     75      -
(Issuer Not Cooperating)
Vaishnodevi Oil Seeds Processing        CC                 CRISIL BB-     85      -
Industries
(Issuer Not Cooperating)
Vaishnodevi Oil Seeds Processing        Proposed LT Bk     CRISIL BB-     15      -
Industries                              Loan Fac
(Issuer Not Cooperating)
Varun Beverages Ltd                     CC                 CRISIL AA-     2785    Reaffirmed
Varun Beverages Ltd                     Proposed LT Bk     CRISIL AA-     2447.5  Reaffirmed
                                        Loan Fac
Varun Beverages Ltd                     Proposed TL        CRISIL AA-     341.5   Reaffirmed
Varun Beverages Ltd                     TL                 CRISIL AA-     2217    Reaffirmed
Varun Beverages Ltd                     NCD                CRISIL AA-     3000    Reaffirmed
Varun Industries - Bikaner              CC                 CRISIL B+      60      Reaffirmed
Varun Industries - Bikaner              Proposed LT Bk     CRISIL B+      6.7     Reaffirmed
                                        Loan Fac
Varun Industries - Bikaner              TL                 CRISIL B+      3.3     Reaffirmed
Varun Industries - Bikaner              Warehouse Receipts CRISIL B+      130     Reaffirmed
Veekas Pipes Pvt Ltd                    Overdraft          CRISIL B+      100     -
(Issuer Not Cooperating)
Veer Motor Company                      Drop Line          CRISIL BB-     10      -
                                        Overdraft Fac
(Issuer Not Cooperating)
Veer Motor Company                      Electronic Dealer  CRISIL BB-     100     -
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
VGK Builders Pvt Ltd                    Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
VGK Builders Pvt Ltd                    CC                 CRISIL BB-     50      Assigned
VGK Builders Pvt Ltd                    Proposed CC Limit  CRISIL BB-     5       Assigned
VIN Auto                                CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
VIN Auto                                Channel Financing  CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
VIN Auto                                Proposed LT Bk     CRISIL D       23.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
VIN Auto                                TL                 CRISIL D       26.5    Reaffirmed
(Issuer Not Cooperating)
Vina Electricals Pvt Ltd                Standby Line of    CRISIL B+      20      Assigned
                                        Credit
Vina Electricals Pvt Ltd                CC                 CRISIL B+      80      Assigned
Vinita Synthetic Industries Pvt Ltd     Proposed LT Bk     CRISIL B+      6       Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Vinita Synthetic Industries Pvt Ltd     TL                 CRISIL B+      49      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Vishnu Carriers Pvt Ltd                 CC                 CRISIL BB-     90      -
(Issuer Not Cooperating)
Vispute Jewellers Pvt Ltd               CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Vispute Jewellers Pvt Ltd               Proposed WC Fac    CRISIL BB      10      Upgraded from
                                                                                  CRISIL BB-
VPR Constructions-Hyderaba              CC                 CRISIL BB-     15      -
(ISSUER NOT COOPERATING)
VPR Constructions-Hyderaba              Proposed LT Bk     CRISIL BB-     45      -
                                        Loan Fac
(ISSUER NOT COOPERATING)
Western Outdoor Structures Pvt Ltd      Overdraft          CRISIL BB-     30      -
(Issuer Not Cooperating)
Western Outdoor Structures Pvt Ltd      Proposed Overdraft CRISIL BB-     40      -
                                        Fac
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd     CC                 CRISIL B       40      -
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd     Proposed TL        CRISIL B       25      -
(Issuer Not Cooperating)
Wide Angle Packaging System Pvt Ltd     TL                 CRISIL B       32      -
(Issuer Not Cooperating)
Win Win Vehicles (Car) Pvt Ltd          Drop Line          CRISIL BB-     19      -
                                        Overdraft Fac
(Issuer Not Cooperating)
Win Win Vehicles (Car) Pvt Ltd          Electronic Dealer  CRISIL BB-     80      -
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Win Win Vehicles (Car) Pvt Ltd          Standby Line of    CRISIL BB-     20      -
                                        Credit
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 CC                 CRISIL BB      1       -
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 Export Packing     CRISIL BB      60      -
                                        Credit
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 Proposed LT Bk     CRISIL BB      18.4    -
                                        Loan Fac
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 Proposed TL        CRISIL BB      20      -
(Issuer Not Cooperating)
XL Laboratories Pvt Ltd                 TL                 CRISIL BB      40.4    -
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   BG                 Withdrawn      5       -
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   CC                 Withdrawn      45      -
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   Import LOC Limit   Withdrawn      60      -
(Issuer Not Cooperating)


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

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

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

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