July 10, 2019 / 5:31 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Jul 10

    Jul 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 9, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
ABCI Infrastructures Pvt Ltd            CP                 CRISIL A2+     200     Assigned
Baby Marine International               Bill Purchase-     CRISIL A4+     67.6    Reaffirmed
                                        Discounting Fac
Baby Marine International               Packing Credit     CRISIL A4+     75      Reaffirmed
Baby Marine Sarass                      Bill Purchase-     CRISIL A4+     50      Reaffirmed
                                        Discounting Fac
Baby Marine Sarass                      Packing Credit     CRISIL A4+     60      Reaffirmed
Balajee Education Pvt Ltd               Proposed ST Bk     CRISIL A2      9.4     Reaffirmed
                                        Loan Fac
Chandresh Cables Ltd                    LOC#               CRISIL A3      150     Assigned
#Interchangeable with Bank Guarantee
Chandresh Cables Ltd                    Bill Discounting   CRISIL A3      50.5    Assigned
                                        under LOC
Elavin Chemtech Pvt Ltd                 LOC                CRISIL A4      10.7
Downgraded from 'CRISIL A4+'
ESGI Garments Pvt Ltd                   Foreign Bill       CRISIL A4      80      Reaffirmed
                                        Purchase
Export Import Bank of India             ST CD Programme*   CRISIL A1+     167589.5Reaffirmed
Enhanced from Rs.16570.99 Crore; *Amount outstanding under long-term and short-term certificates
of deposit programmes and commercial paper programme will not exceed Rs 16,758.95 crore at any
point in time
Export Import Bank of India             CP Programme*      CRISIL A1+     167589.5Reaffirmed
Enhanced from Rs.16570.99 Crore; *Amount outstanding under long-term and short-term certificates
of deposit programmes and commercial paper programme will not exceed Rs 16,758.95 crore at any
point in time
Indus Motor Company Pvt Ltd             BG                 CRISIL A3+     50      Reaffirmed
J And J Associates.                     BG                 CRISIL A4      50      Reaffirmed
J And J Associates.                     Overdraft          CRISIL A4      47.5    Reaffirmed
Jindal Spinning Mills Ltd               Packing Credit     CRISIL A4      54      Reaffirmed
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Kapoor Imaging Pvt Ltd                  LOC                CRISIL A4+     10
Downgraded from 'CRISIL A3'
Karuna Management Services Ltd          BG                 CRISIL A2      85      Reaffirmed
Masina Alloys Pvt Ltd                   BG                 CRISIL A4+     11      Reaffirmed
Medicef Pharma                          LOC                CRISIL A3      110
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Meghmani Dyes and Intermediates LLP     Non- FBL           CRISIL A1      75      Reaffirmed
Meghmani Dyes and Intermediates LLP     Proposed NFBL      CRISIL A1      70      Assigned
Mumbai International Airport Ltd        BG                 CRISIL A1      3300
Downgraded from 'CRISIL A1+'; Placed on 'Rating Watch with Negative Implications'
Mumbai International Airport Ltd        LOC                CRISIL A1      2500
Downgraded from 'CRISIL A1+'; Placed on 'Rating Watch with Negative Implications'
Mumbai International Airport Ltd        ST Loan            CRISIL A1      3000
Downgraded from 'CRISIL A1+'; Placed on 'Rating Watch with Negative Implications'
North Eastern Carrying Corporation Ltd  BG                 CRISIL A4+     50
Downgraded from 'CRISIL A3'
North Eastern Carrying Corporation Ltd  Overdraft          CRISIL A4+     150
Downgraded from 'CRISIL A3'
Olivia Impex Pvt Ltd                    BG                 CRISIL A3+     5       Reaffirmed
Olivia Impex Pvt Ltd                    LOC                CRISIL A3+     570     Reaffirmed
Olivia Impex Pvt Ltd                    Standby LOC        CRISIL A3+     310     Reaffirmed
Paramount Wires and Cables Ltd          LOC & BG           CRISIL A4+     141     Reaffirmed
Piramal Enterprises Ltd                 ST NCD             CRISIL A1+     15000   Assigned
Piramal Enterprises Ltd                 CP Programme       CRISIL A1+     120000  Reaffirmed
Rahul Cables Pvt Ltd                    BG                 CRISIL A4+     401     Reaffirmed
Raj Fishmeal and Oil Company            LOC                CRISIL A4+     5       Reaffirmed
Shashank Auto Pvt Ltd                   Channel Financing  CRISIL A4+     60      Reaffirmed
Shashank Auto Pvt Ltd                   Proposed ST Bk     CRISIL A4+     28      Reaffirmed
                                        Loan Fac
Smp Constructions Pvt Ltd               BG                 CRISIL A3      80      Reaffirmed
Sundaram BNP Paribas Home Finance Ltd   CP                 CRISIL A1+     15000   Reaffirmed
Tata Capital Ltd                        CP                 CRISIL A1+     20000   Reaffirmed
Technoy Motors India Pvt Ltd            Overdraft          CRISIL A3      15      Reassigned
Tessitura Monti India Pvt Ltd           BG                 CRISIL A3      20      Assigned
Tessitura Monti India Pvt Ltd           Inland/Import LOC  CRISIL A3      100     Assigned
Tessitura Monti India Pvt Ltd           Packing Credit in  CRISIL A3      200     Assigned
                                        Foreign Currency
Tessitura Monti India Pvt Ltd           Pre- Shipment      CRISIL A3      20      Assigned
                                        Credit in Forex
Thangamman Textiles - Coimbatore        BG                 CRISIL A4      3.9
Migrated from 'CRISIL D Issuer Not Cooperating'
Thomas Constructions Pvt Ltd            BG                 CRISIL A4+     21      Reaffirmed
Utracon Structural Systems Pvt Ltd      BG                 CRISIL A3+     270     Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Export Import Bank of India             Term Deposit       FAAA                   Reaffirmed
                                        Programme
Sundaram BNP Paribas Home Finance Ltd   FD                 FAAA                   Reaffirmed

LONG TERM RATINGS:
-------------------
ABCI Infrastructures Pvt Ltd            Proposed BG        CRISIL A-      4500    Assigned
ABCI Infrastructures Pvt Ltd            Proposed CC Limit  CRISIL A-      1000    Assigned
Abishek Enterprises - Virudhunagar      Open CC            CRISIL BB+     200     Reaffirmed
Adroit Infratech Pvt Ltd                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Akshaya India Tours & Travels Pvt Ltd   Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Alpna Visual Packaging Aids             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ambalika Construction Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Anandam Textiles                        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Annapurna Finance Pvt Ltd- Vivriti      Series A1 PTCs     Provisional    676.8
Lehnsherr 06 2019                                          CRISIL A (SO)
Provisional Rating Assigned
Arti Roller Flour Industries Pvt Ltd    CC                 CRISIL BB-     56.5    Reaffirmed
Arti Roller Flour Industries Pvt Ltd    Proposed FB Bk     CRISIL BB-     2.6     Assigned
                                        Limits
Arti Roller Flour Industries Pvt Ltd    Cash TL            CRISIL BB-     0.9     Assigned
B. Ramanaiah Constructions              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
B.L. Agro Industries                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bajaj Kagaj Ltd                         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Balajee Education Pvt Ltd               Loan Against       CRISIL BBB+    155.3   Reaffirmed
                                        Property
Outlook revised from 'Stable' and rating reaffirmed
Balajee Education Pvt Ltd               Proposed LT Bk     CRISIL BBB+    110     Reaffirmed
                                        Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Balajee Education Pvt Ltd               Secured Overdraft  CRISIL BBB+    155.3   Reaffirmed
                                        Fac
Outlook revised from 'Stable' and rating reaffirmed
Bihani Binayake Cotex Pvt Ltd           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Birma Industrial and Business           Rating Advisory    --             --
Enterprise Pvt Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Blue Nile Developers Pvt Ltd            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Bright Star Syntex Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Brijlax Motors Pvt Ltd                  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
C A G Construction Equipment Pvt Ltd    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Captab Biotec Unit - II                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Castwel Industries                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Centre For Advanced Studies In          Rating Advisory    --             --
Engineering
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Chandresh Cables Ltd                    WC TL              CRISIL BBB-    60      Assigned
Chandresh Cables Ltd                    CC*                CRISIL BBB-    439.5   Assigned
*Interchangeable with Letter of credit to the extent of Rs 10 Cr
Churiwal Commercial Company Pvt Ltd     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Condor Footwear India Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Deepmala Fisheries                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Deepmala Foods                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Deepmala Marine Exports                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Deshmukh And Company                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Divya Packmaf Pvt Ltd                   Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
E G Pharmaceuticals                     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
ECP Industries Ltd                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
EFD Induction Pvt Ltd                   Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Elavin Chemtech Pvt Ltd                 CC                 CRISIL B       50
Downgraded from 'CRISIL BB-'
ESGI Garments Pvt Ltd                   CC                 CRISIL B-      7       Reaffirmed
ESGI Garments Pvt Ltd                   Packing Credit     CRISIL B-      80      Reaffirmed
ESGI Garments Pvt Ltd                   Proposed LT Bk     CRISIL B-      31      Reaffirmed
                                        Loan Fac
ESGI Garments Pvt Ltd                   TL                 CRISIL B-      5       Reaffirmed
Export Import Bank of India             Tier- 1 Bonds      CRISIL AA+     11000   Reaffirmed 
                                        Under Basel III
Export Import Bank of India             Proposed LT Bk     CRISIL AAA     30000   Reaffirmed
                                        Loan Fac
Export Import Bank of India             LT CD Programme*   CRISIL AAA     167589.5Reaffirmed
Enhanced from Rs.16570.99 Crore; *Amount outstanding under long-term and short-term certificates
of deposit programmes and commercial paper programme will not exceed Rs 16,758.95 crore at any
point in time
Export Import Bank of India             Bonds Issue        CRISIL AAA     50000   Reaffirmed
Export Import Bank of India             Bonds Issue        CRISIL AAA     50000   Reaffirmed
Export Import Bank of India             Bonds              CRISIL AAA     455319  Reaffirmed
Favourite Plus Ceramic Pvt Ltd          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Friends marine Industries               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Furnace Fabrica India Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
G S Autocomp Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
G.Sankar Timber Depot                   Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Gargs Engineers Ltd                     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Gatiman Auto Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Gaziabad Forgings Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Genxt Mobile                            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Green Field Hi-Tech Rice Mill           CC                 CRISIL BB-     60      Reaffirmed
Green Field Hi-Tech Rice Mill           Proposed LT Bk     CRISIL BB-     6.5     Reaffirmed
                                        Loan Fac
Green Field Hi-Tech Rice Mill           TL                 CRISIL BB-     3.5     Assigned
Green Village Agros Pvt Ltd             CC                 CRISIL BB      170     Assigned
Green Village Agros Pvt Ltd             LT Loan            CRISIL BB      10      Assigned
Grover Agro Food Pvt Ltd                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
GTP Minmet Pvt Ltd                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
HGE International Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
HPL Additives Ltd                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
HRA Sales Pvt Ltd                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
iBus Network And Infrastructure Pvt Ltd Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Igaku Needles Pvt Ltd                   Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
IMP Energy Ltd                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
India Infrastructure Trust              NCD                CRISIL AAA     63700   Withdrawn
Indus Motor Company Pvt Ltd             CC                 CRISIL BBB     100     Reaffirmed
Indus Motor Company Pvt Ltd             Inventory Funding  CRISIL BBB     3200    Reaffirmed
                                        Fac
Indus Motor Company Pvt Ltd             LT Loan            CRISIL BBB     301.7   Reaffirmed
ITFT Consultancy Pvt Ltd                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
J And J Associates.                     Proposed LT Bk     CRISIL B       2.5     Reaffirmed
                                        Loan Fac
Jindal Spinning Mills Ltd               CC                 CRISIL B+      1       Reaffirmed
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Jindal Spinning Mills Ltd               Foreign Bill       CRISIL B+      50      Reaffirmed
                                        Purchase
Migrated from 'CRISIL B+ Issuer Not Cooperating'
JMV Ispat Pvt Ltd                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Joshi Automobiles Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K. C. S. Developers                     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kanav Papers Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kapila Krishi Udyog Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kapoor Imaging Pvt Ltd                  CC                 CRISIL BB+     410
Downgraded from 'CRISIL BBB-'
Karan Trading India Pvt Ltd             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Karimala Granites & Aggregates (Pvt) LtdRating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kartik Construction Company             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Karuna Management Services Ltd          CC                 CRISIL BBB+    900     Reaffirmed
Karuna Management Services Ltd          Channel Financing  CRISIL BBB+    250     Reaffirmed
Karuna Management Services Ltd          Non- FBL           CRISIL BBB+    5       Reaffirmed
Karuna Management Services Ltd          Standby LOC        CRISIL BBB+    45      Assigned
Kaveri Industries Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kent Industries                         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kumar Elastomech Pvt Ltd                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kundlas Loh Udyog                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Landscape Reality                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lemon Tree Hotels Ltd                   Overdraft          CRISIL A-      200     Reaffirmed
Lemon Tree Hotels Ltd                   TL                 CRISIL A-      2300    Reaffirmed
Luxmi Rice Mill                         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M and B Engineering Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M B Enterprise                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maa Gauri Timbers Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maa Polypacks Industries (Ind) Pvt Ltd  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Magnum Spinning Millss India Pvt Ltd    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mahalaxmi Fab                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maheshwari Fabtex Pvt Ltd               CC                 CRISIL B+      80      Reaffirmed
Maheshwari Fabtex Pvt Ltd               LT Loan            CRISIL B+      15      Reaffirmed
Maheshwari Fabtex Pvt Ltd               Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Mahidhara Projects Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mahle Anand Thermal Systems Pvt Ltd     Proposed FB Bk     --             1950    Withdrawn
                                        Limits
Mahle Anand Thermal Systems Pvt Ltd     CC & WC demand loanCRISIL A+      200     Reaffirmed
Mahle Anand Thermal Systems Pvt Ltd     FB Fac^            CRISIL A+      400     Reaffirmed
^Interchangeable with working capital loan upto Rs 30 crore or with buyers credit upto Rs 40
crore
Mahle Anand Thermal Systems Pvt Ltd     FB Fac             CRISIL A+      100     Reaffirmed
Maruthi Corporation Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Masina Alloys Pvt Ltd                   CC                 CRISIL BB      70
Upgraded from 'CRISIL BB-'
Masina Alloys Pvt Ltd                   LT Loan            CRISIL BB      10
Upgraded from 'CRISIL BB-'
Matheson Bosanquet Enterprises Pvt Ltd  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maxvita Pharma Pvt Ltd                  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Maxwell                                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
MBR Exims Pvt Ltd                       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Medicef Pharma                          CC                 CRISIL BBB-    200
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Medicef Pharma                          Proposed WC Fac    CRISIL BBB-    75
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Medicef Pharma                          WC TL              CRISIL BBB-    115
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Medigrowth Hospital Pvt Ltd             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Meghmani Dyes and Intermediates LLP     FB Fac             CRISIL A+      125     Reaffirmed
Meghmani Dyes and Intermediates LLP     Proposed FB Bk     CRISIL A+      75      Reaffirmed
                                        Limits
Meghmani Dyes and Intermediates LLP     TL                 CRISIL A+      255     Assigned
Metro Speciality Hospitals Pvt Ltd      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mewar Spices                            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Miracle Software Systems India Pvt Ltd  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Multifilms Plastics Pvt Ltd             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mumbai International Airport Ltd        BG#                CRISIL A+      1750
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications'; # Financial
Guarantee. Interchangeable with Rupee Term Loan
Mumbai International Airport Ltd        CC                 CRISIL A+      3300
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications'
Mumbai International Airport Ltd        LOC*               CRISIL A+      500
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications' ; *
Interchangeable with Sight Letter of Credit, Usance Letter of Credit, Buyers Credit, Inland
Letter of Credit to the extent of Rs. 15 crores, Performance bank guarantee, Financial bank
guarantee to the extent of Rs. 40 crores, and Revolving Short Term Loan to the extent of Rs. 20
crores. 
Mumbai International Airport Ltd        Proposed LT Bk     CRISIL A+      4182.6
                                        Loan Fac
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications'
Mumbai International Airport Ltd        Rupee TL           CRISIL A+      86467.4
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications'
Mumbai International Airport Ltd        NCD                CRISIL A+      20000
Downgraded from 'CRISIL AA-'; Placed on 'Rating Watch with Negative Implications'
Nandhana Foods Pvt Ltd                  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nanz Med Science Pharma Pvt Ltd         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nature Nursery                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nav Durga Fuel Pvt Ltd                  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Navi Mumbai International Airport Pvt   Proposed LT Bk     CRISIL A       103000
Ltd                                     Loan Fac
Downgraded from 'CRISIL A+'; Placed on 'Rating Watch with Negative Implications'
Navsheen Associates                     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Neelplast Polymers Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nirupama Cold Storage Pvt Ltd           CC                 CRISIL B+      54.7
Upgraded from 'CRISIL B'
Nirupama Cold Storage Pvt Ltd           Proposed LT Bk     CRISIL B+      22.7
                                        Loan Fac
Upgraded from 'CRISIL B'
Nirupama Cold Storage Pvt Ltd           WC Fac             CRISIL B+      13.1
Upgraded from 'CRISIL B'
North Eastern Carrying Corporation Ltd  CC                 CRISIL BB+     350
Downgraded from 'CRISIL BBB-'
North Eastern Carrying Corporation Ltd  Proposed LT Bk     CRISIL BB+     70
                                        Loan Fac
Downgraded from 'CRISIL BBB-'
North Eastern Carrying Corporation Ltd  WC Demand Loan     CRISIL BB+     10
Downgraded from 'CRISIL BBB-'
North Eastern Carrying Corporation Ltd  WC TL              CRISIL BB+     250     Assigned
Downgraded from 'CRISIL BBB-'
Northern Arc Capital Ltd- Northern Arc  Series A1 PTCs     CRISIL A- (SO) 375
2019 Mosec Brevis
Converted from Provisional Rating to Final Rating
Northern Arc Capital Ltd- Northern Arc  Series A2 PTCs     CRISIL BB+ (SO)26.2
2019 Mosec Brevis
Converted from Provisional Rating to Final Rating
Olivia Impex Pvt Ltd                    CC                 CRISIL BBB     10      Reaffirmed
Olivia Impex Pvt Ltd                    Standby LOC        CRISIL BBB     230     Assigned
Omega Infraengineers Pvt. Ltd.          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Opaque Ceramics Pvt Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
P. C. I. Cables Industries Pvt Ltd      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Paramount Wires and Cables Ltd          CC                 CRISIL BB+     19
Upgraded from 'CRISIL BB'
Pavasiya Exports                        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Phalanx Labs Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Prabhat Steel Industries                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Prabhat Steel Traders Pvt Ltd           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Prabhu Steels                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Premium Exports                         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Prestogem Vehicles Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Quality Flavours Export                 CC                 CRISIL B+      70
Migrated from 'CRISIL B  Issuer Not Cooperating'
Quality Flavours Export                 Foreign Bill       CRISIL B+      30
                                        Purchase
Migrated from 'CRISIL B  Issuer Not Cooperating'
R S B Cottex Ltd                        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
R. N. Oswal Hosiery Factory             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
R.K.Engineers Sales Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
R.S. Enterprises (Bangalore) Pvt Ltd    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Raghav Export                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rahis Cold Storage Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rahul Cables Pvt Ltd                    CC                 CRISIL BB+     135     Reaffirmed
Rahul Cables Pvt Ltd                    Channel Financing  CRISIL BB+     261.5   Reaffirmed
Rahul Cables Pvt Ltd                    Overdraft          CRISIL BB+     5       Reaffirmed
Rahul Cables Pvt Ltd                    Proposed LT Bk     CRISIL BB+     307.5   Reaffirmed
                                        Loan Fac
Raichur Laboratories Pvt Ltd            LT Loan            CRISIL D       150     Reaffirmed
Raichur Laboratories Pvt Ltd            Overdraft          CRISIL D       25      Reaffirmed
Raichur Laboratories Pvt Ltd            Proposed CC Limit  CRISIL D       15      Reaffirmed
Raj Fishmeal and Oil Company            CC                 CRISIL BB+     345     Reaffirmed
Raj Fishmeal and Oil Company            LT Bk Fac          CRISIL BB+     55      Reaffirmed
Raj Fishmeal and Oil Company            Overdraft          CRISIL BB+     70      Reaffirmed
Raj Fishmeal and Oil Company            TL                 CRISIL BB+     75      Reaffirmed
Rajshekhar Constructions Pvt Ltd        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ramdev Stainless Strips Pvt Ltd         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ravina Health Care Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
RIC Projects Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rishita Developers Pvt Ltd              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
S K International Stones Pvt Ltd        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
S M Industries - Jalalabad              Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
S. R. Textile Suppliers                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sai Rama Sea Foods                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Samrat Plastic Industries               CC                 CRISIL BB      70      Reaffirmed
Migrated from 'CRISIL BB Issuer Not Cooperating'
Samrat Plastic Industries               LT Loan            CRISIL BB      11.1    Reaffirmed
Migrated from 'CRISIL BB Issuer Not Cooperating'
Sanjay D. Ghodawat                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sankar Cotton Traders- Guntur           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sansidh Agro Industries Pvt Ltd         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
SCL India Ltd                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Seetharama Cotton Industries            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Senco Gold Ltd                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Senthiyappa Modern Rice Mill            CC                 CRISIL BB-     60      Reaffirmed
Senthiyappa Modern Rice Mill            Proposed LT Bk     CRISIL BB-     1.5     Reaffirmed
                                        Loan Fac
Senthiyappa Modern Rice Mill            TL                 CRISIL BB-     8.5     Reaffirmed
Sera Exports                            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Servo Packaging Ltd                     Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shaan Cars Pvt Ltd                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shagun Realty                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shankar Trading Company Pvt Ltd         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sharp Designers And Engineers India Pvt Rating Advisory    --             --
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shashank Auto Pvt Ltd                   CC                 CRISIL BB+     180     Reaffirmed
Shashank Auto Pvt Ltd                   TL                 CRISIL BB+     2       Reaffirmed
Shiv Sharnam Handlooms Pvt Ltd          Rupee TL           CRISIL BB+     17.9    Assigned
Shiv Sharnam Handlooms Pvt Ltd          Proposed FB Bk     CRISIL BB+     17.1    Assigned
                                        Limits
Shiv Sharnam Handlooms Pvt Ltd          CC                 CRISIL BB+     15      Assigned
Shiv Sharnam Handlooms Pvt Ltd          Drop Line          CRISIL BB+     50      Assigned
                                        Overdraft Fac
Shor Shot India Pvt Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Niwas Textiles Pvt Ltd            CC                 CRISIL BBB     250
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Shree Om Rice Mills - Mainpuri          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Signum Electrowave                      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
SLK Progressive Veneer Pvt Ltd          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Smp Constructions Pvt Ltd               CC                 CRISIL BBB-    80      Reaffirmed
Speedcrafts Ltd                         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sravins Instruments and Systems         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Kakatiya Industries (India) Pvt Ltd Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Lakshmi Constructions-Nellore       Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Varalakshmi Motors Pvt Ltd          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Vijaya Lakshmi Rice Industries      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Srijan Alloys And Steel Pvt Ltd         CC                 CRISIL B+      17      Reaffirmed
Srijan Alloys And Steel Pvt Ltd         TL                 CRISIL B+      35      Reaffirmed
Srusti Infradevelopers (India) Pvt Ltd  Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Stanglobe LLP                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sterling Publishers Pvt Ltd             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Stolt Rail Logistic Systems Ltd         Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sumangal Polymers ( A-Division of Shree Rating Advisory    --             --
Sumangal India Pvt Ltd)
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sundaram BNP Paribas Home Finance Ltd   Proposed LT Bk     CRISIL AA+     5500    Reaffirmed
                                        Loan Fac
Sundaram BNP Paribas Home Finance Ltd   TL                 CRISIL AA+     2000    Reaffirmed
Sundaram BNP Paribas Home Finance Ltd   NCD                CRISIL AA+     5000    Assigned
Sundaram BNP Paribas Home Finance Ltd   NCD                CRISIL AA+     5000    Reaffirmed
Sunrise Marketing Agents                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tata Capital Ltd                        CC & WC demand loanCRISIL AAA     150     Reaffirmed
Tata Capital Ltd                        Proposed LT Bk     CRISIL AAA     100     Reaffirmed
                                        Loan Fac
Tata Capital Ltd                        PS                 CRISIL AAA     400     Assigned
Tata Capital Ltd                        PS                 CRISIL AAA     27700   Reaffirmed
Tata Capital Ltd                        NCDs               CRISIL AAA     25000   Reaffirmed
Technoy Motors India Pvt Ltd            CC                 CRISIL BBB-    50      Reaffirmed
Technoy Motors India Pvt Ltd            Electronic Dealer  CRISIL BBB-    120     Reaffirmed
                                        Financing
                                        Scheme(e- DFS)
Technoy Motors India Pvt Ltd            LT Loan            CRISIL BBB-    105.4   Reaffirmed
Technoy Motors India Pvt Ltd            Proposed LT Bk     CRISIL BBB-    29.6    Assigned
                                        Loan Fac
Teleindia Networks Pvt Ltd              CC                 CRISIL BB      50      Reaffirmed
Teleindia Networks Pvt Ltd              TL                 CRISIL BB      35      Reaffirmed
Tessitura Monti India Pvt Ltd           CC                 CRISIL BBB-    350     Assigned
Tessitura Monti India Pvt Ltd           Proposed LT Bk     CRISIL BBB-    385.8   Assigned
                                        Loan Fac
Tessitura Monti India Pvt Ltd           TL                 CRISIL BBB-    144.5   Assigned
Tessitura Monti India Pvt Ltd           WC Fac             CRISIL BBB-    450     Assigned
Thakardhani Agro Product Pvt Ltd        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Thangamman Textiles - Coimbatore        CC                 CRISIL B       27.5
Migrated from 'CRISIL D Issuer Not Cooperating'
Thangamman Textiles - Coimbatore        TL                 CRISIL B       38.6
Migrated from 'CRISIL D Issuer Not Cooperating'
Thomas Constructions Pvt Ltd            Corporate Loan     CRISIL BB-     6.1     Reaffirmed
Thomas Constructions Pvt Ltd            LT Loan            CRISIL BB-     0.7     Reaffirmed
Thomas Constructions Pvt Ltd            Overdraft          CRISIL BB-     30      Reaffirmed
Thomas Constructions Pvt Ltd            Proposed LT Bk     CRISIL BB-     42.2    Reaffirmed
                                        Loan Fac
Thunga Hospital Pvt Ltd                 Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Trimurti Foodtech Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
United Exports                          Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Utracon Structural Systems Pvt Ltd      CC                 CRISIL BBB     100     Reaffirmed
V.P.K. Agro Food Product Pvt Ltd        Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Valikulam Rubber Traders                Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
ValueLabs LLP                           Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Venus Rolling Mills Pvt Ltd             Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vikas Sanitary Wares                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vitson Steel Corp Pvt Ltd               Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vivriti Lehnsherr 06 2019 (Originator:  Series A1 PTCs     Provisional    676.8
Annapurna Finance Pvt Ltd)                                 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
Voestalpine VAE VKN India Pvt. Ltd      Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vohra Solvex Pvt Ltd                    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Voxco Pigments and Chemicals Pvt Ltd    Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Wonder Signs                            Rating Advisory    --             --
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review

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