January 31, 2019 / 4:12 AM / 8 months ago

CRISIL ratings for Indian debt instruments-Jan 31

    Jan 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of January 30, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ACC Ltd                                 LOC & BG           CRISIL A1+     9750    Reaffirmed
Aditya Timpack Pvt Ltd                  Inland/Import LOC  CRISIL A4+     15      Assigned
Aditya Timpack Pvt Ltd                  BG                 CRISIL A4+     5       Assigned
Ajai Builders                           BG                 CRISIL A4+     150     Assigned
Al-Fas Trading International Pvt Ltd    Inland/Import LOC  CRISIL A4+     20
Issuer Not Cooperating
Ambuja Cements Ltd                      LOC & BG           CRISIL A1+     7000    Reaffirmed
Ambuja Cements Ltd                      ST Debt            CRISIL A1+     1000    Reaffirmed
Ashwinram Spinning Mills Pvt Ltd        LOC                CRISIL A4+     10      Assigned
Ashwinram Spinning Mills Pvt Ltd        BG                 CRISIL A4+     6.8     Assigned
Asiatic Enterprises                     LOC                CRISIL A4      80
Issuer Not Cooperating; Rating Migrated
Bansal Brothers - Bhilai                LOC                CRISIL A4+     21      Reaffirmed
BMW Enterprises                         Proposed ST Bk     CRISIL A4+     50      Assigned
                                        Loan Fac
Dawar Footwear Industries               Packing Credit in  CRISIL A3+     290     Reaffirmed
                                        Foreign Currency
DLF Ltd                                 BG                 CRISIL A1      8500    Reaffirmed
DLF Ltd                                 LOC                CRISIL A1      6520    Reaffirmed
DLF Ltd                                 ST Loan            CRISIL A1      14450   Reaffirmed
DLF Ltd                                 ST Debt            CRISIL A1      3000    Reaffirmed
Everest Flavours Ltd                    Proposed ST Bk     -              100
                                        Loan Fac
Withdrawn
Excelra Knowledge Solutions Pvt Ltd     Foreign Exchange   CRISIL A2      30      Reaffirmed
                                        Forward#
#Marked-to-market threshold
Fourrts India Laboratories Pvt Ltd      BG                 CRISIL A2+     100     Reaffirmed
Fourrts India Laboratories Pvt Ltd      LOC                CRISIL A2+     50      Reaffirmed
GSC Glass Ltd                           BG                 CRISIL A2      50      Reaffirmed
GSC Glass Ltd                           LOC                CRISIL A2      50      Reaffirmed
Guiness Securities Ltd                  BG                 CRISIL A4      279.8
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Hycount Plastics and Chemicals          BG                 CRISIL A4      20
Issuer Not Cooperating; Rating Migrated
IBC Ltd                                 BG                 CRISIL A4      50      Reaffirmed
IBC Ltd                                 Export Packing     CRISIL A4      300     Reaffirmed
                                        Credit
IBC Ltd                                 LOC                CRISIL A4      40      Reaffirmed
K. K. Nag Pvt Ltd                       BG                 CRISIL A3+     15
Upgraded from 'CRISIL A3'
K. K. Nag Pvt Ltd                       LOC                CRISIL A3+     52.5
Upgraded from 'CRISIL A3'
K. S. Motors Pvt Ltd                    BG                 CRISIL A4      51.5
Issuer Not Cooperating; Rating Migrated
K. S. Motors Pvt Ltd                    Overdraft          CRISIL A4      160
Issuer Not Cooperating; Rating Migrated
K.Bala Narsimha Reddy Engineers and     BG                 CRISIL A4+     160     Reaffirmed
Contractors Pvt Ltd
K.Bala Narsimha Reddy Engineers and     Overdraft          CRISIL A4+     80      Reaffirmed
Contractors Pvt Ltd
Kanika Furniture Pvt Ltd                BG                 CRISIL A4      30
Issuer Not Cooperating; Rating Migrated
Kasyap Sweetners Ltd                    LOC & BG           CRISIL A1      50      Reaffirmed
Kharagpur Metal Reforming Industries    BG                 CRISIL A2      160
Pvt Ltd
Upgraded from 'CRISIL A3+'
Krishna Paper Projects Pvt Ltd          Proposed ST Bk     CRISIL A4      110.8
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Lighting Technologies India Pvt Ltd     BG                 CRISIL A4+     75
Issuer Not Cooperating; Rating Migrated
Lincoln Parenteral Ltd                  LOC                CRISIL A4+     15
Issuer Not Cooperating; Revised from 'CRISIL A3 Issuer Not Cooperating'
Marathon Electric Motors India Ltd      BG                 CRISIL A3+     110
Downgraded from 'CRISIL A2'
Marathon Electric Motors India Ltd      LOC & BG           CRISIL A3+     400
Downgraded from 'CRISIL A2'
Marathon Electric Motors India Ltd      Proposed LOC & BG  CRISIL A3+     265     Assigned
Downgraded from 'CRISIL A2'
Mekins Industries Ltd                   LOC & BG           CRISIL A3+     30      Reaffirmed
Pallava Textiles Pvt Ltd                LOC                CRISIL A1      200     Reaffirmed
Paras Commercial Corporation            BG                 CRISIL A4+     45.5
Issuer Not Cooperating; Rating Migrated
Phaloudi Constructions and              BG                 CRISIL A4+     160
Infrastructure Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Plaza Power and Infrastructure Company  LOC                CRISIL A4+     30      Assigned
Plaza Power and Infrastructure Company  BG                 CRISIL A4+     30      Assigned
Praveen Electrical Works                BG                 CRISIL A4      110
Issuer Not Cooperating; Rating Migrated
Raja Craft Mills LLP                    BG                 CRISIL A4      15
Issuer Not Cooperating; Rating Migrated
Sage Metals Pvt Ltd                     Post Shipment      CRISIL A4+     350     Reaffirmed
                                        Credit
Saiteja Drugs and Intermidiates Pvt Ltd Bill Discounting   CRISIL A4+     15      Reaffirmed
                                        under LOC
Saiteja Drugs and Intermidiates Pvt Ltd Inland/Import LOC  CRISIL A4+     35      Reaffirmed
Sarthak Metals Ltd                      LOC & BG           CRISIL A3+     85      Reaffirmed
SBJ Projects Pvt Ltd                    BG                 CRISIL A4      20      Reaffirmed
Small Johnson Floor Tiles Pvt Ltd       BG                 CRISIL A3      15      Reaffirmed
Som Projects Pvt Ltd                    BG                 CRISIL A3+     1115    Assigned
Southern Rocks and Minerals Pvt Ltd     Export Packing     CRISIL A3+     163
                                        Credit
Downgraded from 'CRISIL A2'
Southern Rocks and Minerals Pvt Ltd     LOC                CRISIL A3+     30
Downgraded from 'CRISIL A2'
Sri Cheran Synthetics India Pvt Ltd     LOC                CRISIL A1      200     Reaffirmed
Stalwart Technik Pvt Ltd                Packing Credit     CRISIL A4+     50
Issuer Not Cooperating; Rating Migrated
Stericon Pharma Pvt Ltd                 Import LOC Limit   CRISIL A3+     5       Reaffirmed
Stone Shippers Ltd                      Proposed NFBL      CRISIL A3+     30      Assigned
Sunlarge Industries Pvt Ltd             BG                 CRISIL A4      7.5
Issuer Not Cooperating
Supermac Industries India Ltd           Inland/Import LOC  CRISIL A3      30      Assigned
T.K. Basheer & Co.                      BG                 CRISIL A4      40
Issuer Not Cooperating
TA Hydraulics Pvt Ltd                   BG                 CRISIL A4      10
Issuer Not Cooperating; Rating Migrated
TA Hydraulics Pvt Ltd                   Proposed BG        CRISIL A4      20
Issuer Not Cooperating; Rating Migrated
Ultra Pipes                             LOC                CRISIL A4+     60      Assigned
United Ship Breaking Co.                LOC                CRISIL A4+     380
Issuer Not Cooperating
V. I. Shetty and Company                BG                 CRISIL A4      30
Issuer Not Cooperating; Rating Migrated
Vaghasiya Exports                       Proposed ST Bk     CRISIL D       60
                                        Loan Fac
Downgraded from 'CRISIL A4'
Venati Suresh Reddy                     BG                 CRISIL A4      20
Issuer Not Cooperating; Rating Migrated
VSM Weavess India Pvt Ltd               LOC                CRISIL A1      50      Reaffirmed
Zorin Interiors Pvt Ltd                 Proposed ST Bk     CRISIL A4+     50
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated

MEDIUM TERM RATINGS:
-------------------
K. K. Nag Pvt Ltd                       FD                 FA-            8.55    Reaffirmed

LONG TERM RATINGS:
-------------------
ACC Ltd                                 Overdraft          CRISIL AAA     1550    Reaffirmed
Adhi Mangala Fabric                     CC                 CRISIL B+      36
Issuer Not Cooperating; Rating Migrated
Adhi Mangala Fabric                     LT Loan            CRISIL B+      25
Issuer Not Cooperating; Rating Migrated
Adhi Mangala Fabric                     Proposed LT Bk     CRISIL B+      39
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Aditya Timpack Pvt Ltd                  Rupee TL           CRISIL BB+     65.9    Assigned
Aditya Timpack Pvt Ltd                  CC                 CRISIL BB+     80      Assigned
Ajai Builders                           CC                 CRISIL BB      22.5    Assigned
Ajay Ingot Rolling Mill Pvt Ltd         CC                 CRISIL BB-     40
Issuer Not Cooperating; Rating Migrated
Alankar Auto Sales and Service Pvt Ltd  CC                 CRISIL BBB     150
Upgraded from 'CRISIL BBB-'
Alankar Auto Sales and Service Pvt Ltd  Electronic Dealer  CRISIL BBB     161
                                        Financing
                                        Scheme(e-DFS)
Upgraded from 'CRISIL BBB-'
Alankar Auto Sales and Service Pvt Ltd  Inventory Funding  CRISIL BBB     68.5
                                        Fac
Upgraded from 'CRISIL BBB-'
Al-Fas Trading International Pvt Ltd    CC                 CRISIL BB-     35
Issuer Not Cooperating
Ambuja Cements Ltd                      CC                 CRISIL AAA     1000    Reaffirmed
Annapurna Finance Pvt Ltd- Northern Arc Series A1 PTCs     Provisional    824.4
2018 MFI Shiller                                           CRISIL A (SO)@
Provisional Rating Assigned; @A prefix of 'Provisional' indicates that the rating centrally
factors in the strength of specific structures, and will be supported by certain critical
documentation by the issuer, without which the rating would either have been different or not
assigned ab initio. This is in compliance with a May 6, 2015, Securities and Exchange Board of
India (SEBI) directive, 'Standardising the term, rating symbol, and manner of disclosure with
regard to conditional/ provisional/ in principle ratings assigned by CRAs.
Annapurna Finance Pvt Ltd- Northern Arc Series A2 PTCs     Provisional    41
2018 MFI Shiller                                           CRISIL BBB
                                                           (SO)@
Provisional Rating Assigned; @A prefix of 'Provisional' indicates that the rating centrally
factors in the strength of specific structures, and will be supported by certain critical
documentation by the issuer, without which the rating would either have been different or not
assigned ab initio. This is in compliance with a May 6, 2015, Securities and Exchange Board of
India (SEBI) directive, 'Standardising the term, rating symbol, and manner of disclosure with
regard to conditional/ provisional/ in principle ratings assigned by CRAs.
Ashwinram Spinning Mills Pvt Ltd        TL                 CRISIL BB+     73.1    Assigned
Ashwinram Spinning Mills Pvt Ltd        Proposed LT Bk     CRISIL BB+     40.1    Assigned
                                        Loan Fac
Ashwinram Spinning Mills Pvt Ltd        CC                 CRISIL BB+     130     Assigned
Asiatic Enterprises                     CC                 CRISIL B       20
Issuer Not Cooperating; Rating Migrated
Bansal Brothers - Bhilai                CC                 CRISIL BB+     60      Reaffirmed
BMW Enterprises                         Proposed LT Bk     CRISIL BB+     150     Assigned
                                        Loan Fac
BMW Enterprises                         CC                 CRISIL BB+     240     Assigned
BMW Enterprises                         Channel Financing  CRISIL BB+     100     Assigned
Bombay Education Society                Proposed LT Bk     CRISIL A-      120
                                        Loan Fac
Migrated from 'CRISIL A- Issuer Not Cooperating'
Case New Holland Construction Equipment CC                 CRISIL AA-     330
India Pvt Ltd
Reaffirmed and Withdrawn
Case New Holland Construction Equipment LOC*               CRISIL AA-     250
India Pvt Ltd
Reaffirmed and Withdrawn; *Interchangeable with bank guarantee to the extent of Rs.15 crore
Case New Holland Construction Equipment LOC & BG           CRISIL AA-     130
India Pvt Ltd
Reaffirmed and Withdrawn
Case New Holland Construction Equipment Proposed LT Bk     CRISIL AA-     540
India Pvt Ltd                           Loan Fac
Reaffirmed and Withdrawn
Case New Holland Construction Equipment WC Demand Loan^    CRISIL AA-     500
India Pvt Ltd
Reaffirmed and Withdrawn; ^Interchangeable with cash credit to the extent of Rs.25 crore and
fully interchangeable with purchase bills/invoice discounting, sales bills/invoice discounting,
foreign bills discounting, and export packing credit
Celmech Engineering Pvt Ltd             CC                 CRISIL B       5       Assigned
Celmech Engineering Pvt Ltd             Proposed LT Bk     CRISIL B       45      Assigned
                                        Loan Fac
Dada Motors                             CC                 CRISIL BB+     210
Issuer Not Cooperating; Rating Migrated
Dawar Footwear Industries               Export Packing     CRISIL BBB     210     Reaffirmed
                                        Credit
DLF Ltd                                 Overdraft          CRISIL A+      4150    Reaffirmed
DLF Ltd                                 TL                 CRISIL A+      22500   Reaffirmed
DLF Ltd                                 NCD                CRISIL A+      50000   Reaffirmed
Elan Auto India Ltd                     CC                 CRISIL BB-     70
Issuer Not Cooperating; Rating Withdrawn
Elan Auto India Ltd                     Proposed Rupee TL  CRISIL BB-     4
Issuer Not Cooperating; Rating Withdrawn
Elan Auto India Ltd                     TL                 CRISIL BB-     46
Issuer Not Cooperating; Rating Withdrawn
Esco Pipes Pvt Ltd                      CC                 CRISIL B+      62.5    Assigned
Everest Flavours Ltd                    Packing Credit     -              100
Withdrawn
Excelra Knowledge Solutions Pvt Ltd     Packing Credit in  CRISIL BBB+    100     Reaffirmed
                                        Foreign Currency*@
*Fully interchangeable with working capital facility and cash credit; @Interchangeable with
letter of credit to the extent of Rs 6 crore
Excelra Knowledge Solutions Pvt Ltd     Proposed LT Bk     CRISIL BBB+    245     Reaffirmed
                                        Loan Fac
Fourrts India Laboratories Pvt Ltd      CC                 CRISIL BBB+    200     Reaffirmed
Fourrts India Laboratories Pvt Ltd      Export Packing     CRISIL BBB+    465     Reaffirmed
                                        Credit
Fourrts India Laboratories Pvt Ltd      Proposed LT Bk     CRISIL BBB+    149.4   Reaffirmed
                                        Loan Fac
Gazi Service Station                    Proposed CC Limit  CRISIL B+      10      Assigned
Gazi Service Station                    Proposed LT Bk     CRISIL B+      90      Assigned
                                        Loan Fac
GSC Glass Ltd                           CC                 CRISIL BBB+    80      Reaffirmed
GSC Glass Ltd                           Proposed LT Bk     CRISIL BBB+    190     Reaffirmed
                                        Loan Fac
Guiness Securities Ltd                  CC                 CRISIL B-      300
Issuer Not Cooperating; Revised from 'CRISIL BB- Issuer Not Cooperating'
Guiness Securities Ltd                  Overdraft          CRISIL B-      10
Issuer Not Cooperating; Revised from 'CRISIL BB- Issuer Not Cooperating'
Guiness Securities Ltd                  Proposed LT Bk     CRISIL B-      190.2
                                        Loan Fac
Issuer Not Cooperating; Revised from 'CRISIL BB- Issuer Not Cooperating'
Guiness Securities Ltd                  TL                 CRISIL B-      20
Issuer Not Cooperating; Revised from 'CRISIL BB- Issuer Not Cooperating'
Hari Om Industries Ltd                  CC                 CRISIL BB+     200     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Hari Om Industries Ltd                  TL                 CRISIL BB+     40      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Hitachi Consulting Software Services    Proposed LT Bk     CRISIL A+      152.5   Reaffirmed
India Pvt Ltd                           Loan Fac
Hycount Plastics and Chemicals          CC                 CRISIL B+      75
Issuer Not Cooperating; Rating Migrated
Hycount Plastics and Chemicals          Standby Line of    CRISIL B+      9.5
                                        Credit
Issuer Not Cooperating; Rating Migrated
Hycount Plastics and Chemicals          TL                 CRISIL B+      11.3
Issuer Not Cooperating; Rating Migrated
IBC Ltd                                 CC                 CRISIL B-      95      Reaffirmed
IBC Ltd                                 LT Loan            CRISIL B-      130     Reaffirmed
IBC Ltd                                 Proposed LT Bk     CRISIL B-      15      Assigned
                                        Loan Fac
J. Kay Agencies                         CC                 CRISIL B-      54.5
Issuer Not Cooperating; Rating Migrated
J. Kay Agencies                         Proposed LT Bk     CRISIL B-      25.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Jaykrishna Rice industries              CC                 CRISIL B       100
Issuer Not Cooperating; Rating Migrated
JKG Overseas Pvt Ltd                    CC                 CRISIL B+      27.5
Issuer Not Cooperating; Rating Migrated
JKG Overseas Pvt Ltd                    Proposed LT Bk     CRISIL B+      120.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
K. K. Nag Pvt Ltd                       CC                 CRISIL BBB     65
Upgraded from 'CRISIL BBB-'
K. K. Nag Pvt Ltd                       Standby Line of    CRISIL BBB     9.5
                                        Credit
Upgraded from 'CRISIL BBB-'
K. K. Nag Pvt Ltd                       TL                 CRISIL BBB     40.8
Upgraded from 'CRISIL BBB-'
K. S. Motors Pvt Ltd                    CC                 CRISIL B       110
Issuer Not Cooperating; Rating Migrated
K. S. Motors Pvt Ltd                    Inventory Funding  CRISIL B       335
                                        Fac
Issuer Not Cooperating; Rating Migrated
K. S. Motors Pvt Ltd                    Proposed Inventory CRISIL B       81.6
                                        Funding
Issuer Not Cooperating; Rating Migrated
K. S. Motors Pvt Ltd                    Rupee TL           CRISIL B       30
Issuer Not Cooperating; Rating Migrated
K. S. Motors Pvt Ltd                    WC TL              CRISIL B       31.9
Issuer Not Cooperating; Rating Migrated
K.Bala Narsimha Reddy Engineers and     Proposed LT Bk     CRISIL BB      180     Reaffirmed
Contractors Pvt Ltd                     Loan Fac
Kanika Furniture Pvt Ltd                CC                 CRISIL B+      15
Issuer Not Cooperating; Rating Migrated
Kanika Furniture Pvt Ltd                Proposed FB Bk     CRISIL B+      1.8
                                        Limits
Issuer Not Cooperating; Rating Migrated
Kanika Furniture Pvt Ltd                TL                 CRISIL B+      2.3
Issuer Not Cooperating; Rating Migrated
Kanika Furniture Pvt Ltd                WC TL              CRISIL B+      15.9
Issuer Not Cooperating; Rating Migrated
Karnataka Plastoo Industries Pvt Ltd    CC                 CRISIL BBB     60      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Karnataka Plastoo Industries Pvt Ltd    TL                 CRISIL BBB     50      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Kasyap Sweetners Ltd                    CC                 CRISIL A       910     Reaffirmed
Kasyap Sweetners Ltd                    Proposed TL        CRISIL A       320     Reaffirmed
Kedarnath Cottons Pvt Ltd               CC                 CRISIL B+      200
Upgraded from 'CRISIL B'
Kedarnath Cottons Pvt Ltd               Proposed LT Bk     CRISIL B+      9.3
                                        Loan Fac
Upgraded from 'CRISIL B'
Kharagpur Metal Reforming Industries    CC                 CRISIL BBB+    150
Pvt Ltd
Upgraded from 'CRISIL BBB/Positive'
Kharagpur Metal Reforming Industries    Proposed LT Bk     CRISIL BBB+    210
Pvt Ltd                                 Loan Fac
Upgraded from 'CRISIL BBB/Positive'
Kharagpur Metal Reforming Industries    TL                 CRISIL BBB+    150
Pvt Ltd
Upgraded from 'CRISIL BBB/Positive'
Klaus Waren Fixtures Pvt Ltd            CC                 CRISIL D       100
Issuer Not Cooperating; Rating Migrated
Klaus Waren Fixtures Pvt Ltd            Proposed LT Bk     CRISIL D       90.2
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Klaus Waren Fixtures Pvt Ltd            TL                 CRISIL D       75
Issuer Not Cooperating; Rating Migrated
Kms Health Center Pvt Ltd               CC                 CRISIL B+      45
Issuer Not Cooperating
Kms Health Center Pvt Ltd               TL                 CRISIL B+      10
Issuer Not Cooperating
Krishna Paper Projects Pvt Ltd          CC                 CRISIL B+      64.2
Issuer Not Cooperating; Rating Migrated
Lighting Technologies India Pvt Ltd     CC                 CRISIL BB      150
Issuer Not Cooperating; Rating Migrated
Lincoln Parenteral Ltd                  CC                 CRISIL BB+     30
Issuer Not Cooperating; Revised from 'CRISIL BBB- Issuer Not Cooperating'
Lincoln Parenteral Ltd                  Rupee TL           CRISIL BB+     138.2
Issuer Not Cooperating; Revised from 'CRISIL BBB- Issuer Not Cooperating'
Makrania Oil Mill                       CC                 CRISIL B-      60
Issuer Not Cooperating; Rating Migrated
Marathon Electric Motors India Ltd      Bill Discounting   CRISIL BBB     100
Downgraded from 'CRISIL BBB+/Negative'
Marathon Electric Motors India Ltd      CC                 CRISIL BBB     75
Downgraded from 'CRISIL BBB+/Negative'
Mekins Industries Ltd                   CC                 CRISIL BBB     100     Reaffirmed
Mekins Industries Ltd                   LT Loan            CRISIL BBB     50      Reaffirmed
Naini Seed Products                     CC                 CRISIL BB-     124
Issuer Not Cooperating; Rating Migrated
Narmada Iron and Associates Pvt Ltd     CC                 CRISIL BB+     150
Issuer Not Cooperating; Rating Migrated
Narmada Iron and Associates Pvt Ltd     Electronic Dealer  CRISIL BB+     200
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Nepzpack Industries Pvt Ltd             Buyer`s Credit     CRISIL B+      17.5
Issuer Not Cooperating; Rating Migrated
Nepzpack Industries Pvt Ltd             CC                 CRISIL B+      15
Issuer Not Cooperating; Rating Migrated
Nepzpack Industries Pvt Ltd             LT Loan            CRISIL B+      37.5
Issuer Not Cooperating; Rating Migrated
Nepzpack Industries Pvt Ltd             Proposed CC Limit  CRISIL B+      30
Issuer Not Cooperating; Rating Migrated
Normandy Breweries and Distilleries Pvt CC                 CRISIL B+      5       Assigned
Ltd
Pal Prateek Auto Sales Pvt Ltd          CC                 CRISIL B+      10
Issuer Not Cooperating; Rating Migrated
Pal Prateek Auto Sales Pvt Ltd          Electronic Dealer  CRISIL B+      50
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Pallava Textiles Pvt Ltd                CC                 CRISIL A       450     Reaffirmed
Pallava Textiles Pvt Ltd                LT Loan            CRISIL A       1050    Reaffirmed
Pallava Textiles Pvt Ltd                Proposed LT Bk     CRISIL A       160     Reaffirmed
                                        Loan Fac
Pallava Textiles Pvt Ltd                Standby LOC        CRISIL A       50      Assigned
Paras Commercial Corporation            CC                 CRISIL BB      55
Issuer Not Cooperating; Rating Migrated
Paras Commercial Corporation            Proposed LT Bk     CRISIL BB      44.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Paras Seeds Corporation                 CC                 CRISIL BB-     100
Issuer Not Cooperating; Rating Migrated
Parasmal Pagariya and Co                CC                 CRISIL BB-     150
Issuer Not Cooperating; Rating Migrated
Pasupala Foods Pvt Ltd                  CC                 CRISIL B+      75
Issuer Not Cooperating; Rating Migrated
Pasupala Foods Pvt Ltd                  Proposed LT Bk     CRISIL B+      35
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Pavan Industries -Hyderabad             CC                 CRISIL B       50
Issuer Not Cooperating
Pavan Industries -Hyderabad             Proposed CC Limit  CRISIL B       50
Issuer Not Cooperating
Phaloudi Constructions and              CC                 CRISIL BB+     30
Infrastructure Pvt Ltd
Issuer Not Cooperating; Rating Migrated
PHI Learning Pvt Ltd                    CC/ Overdraft Fac  CRISIL B       80
Issuer Not Cooperating; Rating Migrated
Plaza Power and Infrastructure Company  CC                 CRISIL BB      70      Assigned
Ponnu Food Products                     CC                 CRISIL BB-     89
Issuer Not Cooperating; Rating Migrated
Ponnu Food Products                     Rupee TL           CRISIL BB-     11
Issuer Not Cooperating; Rating Migrated
Porwal Ginning And Pressing Pvt Ltd     CC                 CRISIL B+      50
Issuer Not Cooperating; Rating Migrated
Porwal Ginning And Pressing Pvt Ltd     TL                 CRISIL B+      26.5
Issuer Not Cooperating; Rating Migrated
Prakruti Life Science Pvt Ltd           LT Loan            CRISIL D       70
Issuer Not Cooperating; Rating Migrated
Prakruti Life Science Pvt Ltd           Overdraft          CRISIL D       10.3
Issuer Not Cooperating; Rating Migrated
Praveen Electrical Works                Overdraft          CRISIL B+      60
Issuer Not Cooperating; Rating Migrated
Praveen Electrical Works                Proposed LT Bk     CRISIL B+      30
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Progressive Surface Systems Pvt Ltd     CC                 CRISIL BB      45      Assigned
Progressive Surface Systems Pvt Ltd     Proposed CC Limit  CRISIL BB      15      Assigned
Raja Craft Mills LLP                    CC                 CRISIL B       80
Issuer Not Cooperating; Rating Migrated
Raja Craft Mills LLP                    TL                 CRISIL B       105
Issuer Not Cooperating; Rating Migrated
Sai Shipping Company Pvt Ltd            Overdraft          CRISIL B       15
Upgraded from 'CRISIL D'
Sai Shipping Company Pvt Ltd            Proposed LT Bk     CRISIL B       112
                                        Loan Fac
Upgraded from 'CRISIL D'
Sai Shipping Company Pvt Ltd            TL                 CRISIL B       163
Upgraded from 'CRISIL D'
Saiteja Drugs and Intermidiates Pvt Ltd CC                 CRISIL BB      20      Reaffirmed
Saiteja Drugs and Intermidiates Pvt Ltd LT Loan            CRISIL BB      9.5     Reaffirmed
Saiteja Drugs and Intermidiates Pvt Ltd Proposed FB Bk     CRISIL BB      5.5     Reaffirmed
                                        Limits
Samadhan Kendra                         Proposed LT Bk     CRISIL B       10      Reaffirmed
                                        Loan Fac
Sandu Pharmaceuticals Ltd               CC                 CRISIL BB      100
Issuer Not Cooperating; Rating Migrated
Sandu Pharmaceuticals Ltd               Proposed CC Limit  CRISIL BB      33.5
Issuer Not Cooperating; Rating Migrated
Sangita Sales Pvt Ltd                   CC                 CRISIL BB-     310     Reaffirmed
Sarthak Metals Ltd                      CC                 CRISIL BBB     80      Reaffirmed
Sarthak Metals Ltd                      Proposed CC Limit  CRISIL BBB     67.5    Reaffirmed
Sarthak Metals Ltd                      Rupee TL           CRISIL BBB     30      Reaffirmed
Sarthak Metals Ltd                      Standby Line of    CRISIL BBB     10      Reaffirmed
                                        Credit
SBJ Projects Pvt Ltd                    CC                 CRISIL B-      60      Reaffirmed
SBJ Projects Pvt Ltd                    Proposed LT Bk     CRISIL B-      65      Reaffirmed
                                        Loan Fac
Shiva Dall Industries                   CC                 CRISIL B+      120
Issuer Not Cooperating
Shiva Dall Industries                   TL                 CRISIL B+      9.5
Issuer Not Cooperating
Shree Ganesh Cottex Mill                TL                 CRISIL BB-     25      Assigned
Shree Ganesh Cottex Mill                CC                 CRISIL BB-     25      Assigned
Shree Ganesh Cottex Mill                Proposed TL        CRISIL BB-     12.5    Assigned
Shri Mahadev Silk Mills Pvt Ltd         CC                 CRISIL B       43      Reaffirmed
Shri Mahadev Silk Mills Pvt Ltd         LT Loan            CRISIL B       12.6    Reaffirmed
Shri Mahadev Silk Mills Pvt Ltd         Proposed LT Bk     CRISIL B       17.4    Reaffirmed
                                        Loan Fac
Shrinivasa Agro Foods Pvt Ltd           CC                 CRISIL BB+     300
Issuer Not Cooperating; Migrated from 'CRISIL BBB-'
Shrinivasa Agro Foods Pvt Ltd           Warehouse Receipts CRISIL BB+     100
Issuer Not Cooperating; Migrated from 'CRISIL BBB-'
Small Johnson Floor Tiles Pvt Ltd       CC                 CRISIL BBB-    140     Reaffirmed
Small Johnson Floor Tiles Pvt Ltd       Proposed LT Bk     CRISIL BBB-    28.3    Reaffirmed
                                        Loan Fac
Small Johnson Floor Tiles Pvt Ltd       TL                 CRISIL BBB-    40      Reaffirmed
SmartCity (Kochi) Infrastructure Pvt LtdOverdraft          CRISIL BBB+    200     Reaffirmed
SmartCity (Kochi) Infrastructure Pvt LtdTL                 CRISIL BBB+    470     Assigned
SmartCity (Kochi) Infrastructure Pvt LtdProposed LT Bk     CRISIL BBB+    1330    Assigned
                                        Loan Fac
Som Projects Pvt Ltd                    Proposed LT Bk     CRISIL BBB     175     Assigned
                                        Loan Fac
Som Projects Pvt Ltd                    CC                 CRISIL BBB     210     Assigned
Sony India Pvt Ltd                      CC                 CRISIL AA      10700   Reaffirmed
Southern Rocks and Minerals Pvt Ltd     CC                 CRISIL BBB     17
Downgraded from 'CRISIL BBB+'
Southern Rocks and Minerals Pvt Ltd     Proposed LT Bk     CRISIL BBB     21.2
                                        Loan Fac
Downgraded from 'CRISIL BBB+'
Southern Rocks and Minerals Pvt Ltd     TL                 CRISIL BBB     108.6   Assigned
Downgraded from 'CRISIL BBB+'
Sri Cheran Synthetics India Pvt Ltd     CC                 CRISIL A       470     Reaffirmed
Sri Cheran Synthetics India Pvt Ltd     Proposed LT Bk     CRISIL A       517.7   Reaffirmed
                                        Loan Fac
Sri Cheran Synthetics India Pvt Ltd     TL                 CRISIL A       762.3   Reaffirmed
Sri Venkatrama Agro Tech                CC                 CRISIL B+      200
Issuer Not Cooperating; Rating Migrated
Stalwart Technik Pvt Ltd                CC                 CRISIL BB-     2.5
Issuer Not Cooperating; Rating Migrated
Stalwart Technik Pvt Ltd                TL                 CRISIL BB-     7.5
Issuer Not Cooperating; Rating Migrated
Stericon Pharma Pvt Ltd                 CC                 CRISIL BBB     40      Reaffirmed
Stericon Pharma Pvt Ltd                 Proposed LT Bk     CRISIL BBB     136.9   Reaffirmed
                                        Loan Fac
Stericon Pharma Pvt Ltd                 Standby Line of    CRISIL BBB     5       Reaffirmed
                                        Credit
Stone Shippers Ltd                      Proposed FB Bk     CRISIL BBB     40      Assigned
                                        Limits
Sunlarge Industries Pvt Ltd             LT Loan            CRISIL B-      112
Issuer Not Cooperating
Sunlarge Industries Pvt Ltd             Open CC            CRISIL B-      42.5
Issuer Not Cooperating
Supermac Industries India Ltd           TL                 CRISIL BBB-    20      Assigned
Supermac Industries India Ltd           CC                 CRISIL BBB-    70      Assigned
Swastik TradeLink Pvt Ltd               CC                 CRISIL B+      80
Issuer Not Cooperating; Rating Migrated
T.K. Basheer & Co.                      CC                 CRISIL B+      20
Issuer Not Cooperating
T.K. Basheer & Co.                      Proposed LT Bk     CRISIL B+      10
                                        Loan Fac
Issuer Not Cooperating
TA Hydraulics Pvt Ltd                   CC                 CRISIL B       60
Issuer Not Cooperating; Rating Migrated
TA Hydraulics Pvt Ltd                   Proposed LT Bk     CRISIL B       30
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
TMA Infrastructure Pvt Ltd              BG                 CRISIL D       20
Issuer Not Cooperating; Rating Migrated
TMA Infrastructure Pvt Ltd              Overdraft          CRISIL D       100
Issuer Not Cooperating; Rating Migrated
Ultra Pipes                             LT Loan            CRISIL BB+     58      Assigned
Ultra Pipes                             CC                 CRISIL BB+     92      Assigned
United Ship Breaking Co.                CC                 CRISIL BB      50
Issuer Not Cooperating
United Ship Breaking Co.                Proposed LT Bk     CRISIL BB      17
                                        Loan Fac
Issuer Not Cooperating
V S P Industries Pvt Ltd                CC                 CRISIL BBB     20      Reaffirmed
V S P Industries Pvt Ltd                LT Loan            CRISIL BBB     180     Reaffirmed
V. I. Shetty and Company                CC                 CRISIL B+      50
Issuer Not Cooperating; Rating Migrated
V. I. Shetty and Company                Proposed LT Bk     CRISIL B+      10
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Vaghasiya Exports                       Foreign Bill       CRISIL D       27.5
                                        Discounting
Downgraded from 'CRISIL A4'
Vaghasiya Exports                       Packing Credit in  CRISIL D       12.5
                                        Foreign Currency
Downgraded from 'CRISIL A4'
Vaigai Leather Corporation              Export Packing     CRISIL B+      60
                                        Credit
Issuer Not Cooperating; Rating Migrated
Vaishnavi Global Pvt Ltd                CC                 CRISIL B+      85
Issuer Not Cooperating; Rating Migrated
Vaishnavi Global Pvt Ltd                Proposed LT Bk     CRISIL B+      140
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Venati Suresh Reddy                     Proposed LT Bk     CRISIL B+      20
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Venati Suresh Reddy                     Secured Overdraft  CRISIL B+      80
                                        Fac
Issuer Not Cooperating; Rating Migrated
Vibhav Farms                            LT Loan            CRISIL D       45.7
Issuer Not Cooperating; Rating Migrated
Vibhav Farms                            Open CC            CRISIL D       25
Issuer Not Cooperating; Rating Migrated
Vibhav Farms                            Proposed LT Bk     CRISIL D       8.2
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Vibhav Farms                            WC TL              CRISIL D       11.1
Issuer Not Cooperating; Rating Migrated
Vinayaka Educational Trust              Proposed LT Bk     CRISIL BB      41.9
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Vinayaka Educational Trust              TL                 CRISIL BB      28.1
Issuer Not Cooperating; Rating Migrated
Viswam Educational Society              LT Loan            CRISIL BB-     49.6
Issuer Not Cooperating; Rating Migrated
Viswam Educational Society              Proposed LT Bk     CRISIL BB-     0.4
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Viswam Educational Society              Secured Overdraft  CRISIL BB-     40
                                        Fac
Issuer Not Cooperating; Rating Migrated
Vivekananda Vidyavardhaka Sangha Puttur CC                 CRISIL BBB     20      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Vivekananda Vidyavardhaka Sangha Puttur TL                 CRISIL BBB     113.4   Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
VSM Weavess India Pvt Ltd               CC                 CRISIL A       270     Reaffirmed
VSM Weavess India Pvt Ltd               LT Loan            CRISIL A       200     Reaffirmed
VSM Weavess India Pvt Ltd               Proposed LT Bk     CRISIL A       185.4   Reaffirmed
                                        Loan Fac
VSM Weavess India Pvt Ltd               Standby Line of    CRISIL A       10      Assigned
                                        Credit
Zorin Interiors Pvt Ltd                 Proposed LT Bk     CRISIL BB-     50
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated

--------------------------------------------------------------------------------------------
$: 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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