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CRISIL ratings for Indian debt instruments-Jul 23

    Jul 23 - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of July 22, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
A-1 Fence Products Company Pvt Ltd     BG                CRISIL A3+    295    Reaffirmed
A-1 Fence Products Company Pvt Ltd     Foreign Exchange  CRISIL A3+    8.4    Reaffirmed
                                       Forward
A-1 Fence Products Company Pvt Ltd     LOC               CRISIL A3+    110    Reaffirmed
A-1 Fence Products Company Pvt Ltd     Overdraft         CRISIL A3+    110    Reaffirmed
A-1 Fence Products Company Pvt Ltd     Post Shipment     CRISIL A3+    40     Reaffirmed
                                       Credit
A-1 Fence Products Company Pvt Ltd   Pre Shipment Credit CRISIL A3+    320    Reaffirmed
Anand Engineering Products Pvt Ltd     BG                CRISIL A4+    5      Reaffirmed
Apex Frozen Foods Ltd                  Export Funding    CRISIL A2+    1000   Reaffirmed
Apex Frozen Foods Ltd                  Non-FBL           CRISIL A2+    75     Reaffirmed
Asian Leather Pvt Ltd                  BG                CRISIL A3     3      Reaffirmed
Asian Leather Pvt Ltd                  Export Packing    CRISIL A3     140    Reaffirmed
                                       Credit
Asian Leather Pvt Ltd                  LOC               CRISIL A3     4      Reaffirmed
BSR Infratech India Ltd                BG                CRISIL A2     5600   -
(Downgraded from 'CRISIL A2+')
Carloo Textile                         Packing Credit    CRISIL A4+    105    Assigned
Carloo Textile                         Export Bill       CRISIL A4+    30     Assigned
                                       Purchase
                                       -Discounting
Chartered Speed Ltd                    BG                CRISIL A3+    310    -
(Downgraded from 'CRISIL A2')
Checkmate Facility and Electronic      BG                CRISIL A4+    20     Reaffirmed
Solutions Pvt Ltd
Checkmate Services Pvt Ltd             BG                CRISIL A3     200    Reaffirmed
Dusad Electricals                      BG                CRISIL A4+    150    Reaffirmed
(Issuer Not Cooperating)
GSP Crop Science Pvt Ltd               Foreign Exchange  CRISIL A2     87.9   Reaffirmed
                                       Forward
GSP Crop Science Pvt Ltd               LOC               CRISIL A2     1600   Reaffirmed
Hi-Tech Engineers and Consultants Pvt  BG                CRISIL A3     550    Reaffirmed
Ltd
Jayamukhi Educational Society          Overdraft         CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Jindal Poly Films Ltd                  Proposed NFBL     CRISIL A1+    3500   -
(Upgraded from 'CRISIL A1')
Jindal Poly Films Ltd                  CP                CRISIL A1+    600    Withdrawn
Kamal Encon Industries Ltd             BG                CRISIL A2+    250    Reaffirmed
Kevin Process Technologies Pvt Ltd     BG                CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
KNK Ship Management                    Overdraft         CRISIL A3     20     Reaffirmed
Krishna Metacraft Pvt Ltd              BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Krishna Metacraft Pvt Ltd              Foreign Exchange  CRISIL A4     1.5    -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Krishna Metacraft Pvt Ltd              Inland/Import LOC CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Kunnel Engineers and Contractors Pvt Ltd BG              CRISIL A4+    240    Reaffirmed
Longowalia Yarns Ltd                   LOC & BG          CRISIL A4     110    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Lorians Ceramic LLP                    BG                CRISIL A4+    24.4   Reaffirmed
Micro Plastics Pvt Ltd                 Capex LOC         CRISIL A2+    250    Reaffirmed
Micro Plastics Pvt Ltd                 Inland/Import LOC CRISIL A2+    110    Reaffirmed
Multi Organics Pvt Ltd                 BG                CRISIL A2     15     Reaffirmed
Multi Organics Pvt Ltd                 LOC               CRISIL A2     5      Reaffirmed
Neha Exports                           Bill Discounting  CRISIL A4     165    Reaffirmed
(Issuer Not Cooperating)
Neha Exports                           Packing Credit in CRISIL A4     50     Reaffirmed
                                       Foreign Currency
(Issuer Not Cooperating)
New India Infra Buildtech Ltd          BG                CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Om Prakash Satish Kumar                LOC               CRISIL A4     280    Reaffirmed
(Issuer Not Cooperating)
Pan Synthetics Pvt Ltd                 Overdraft         CRISIL A4+    120    Reaffirmed
(Issuer Not Cooperating)
Pansari Steels Pvt Ltd                 LOC               CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
Paramount Impex                        Packing Credit    CRISIL A4+    80     Reaffirmed
Parthas Textiles - Cochin              Packing Credit    CRISIL A4+    20     Reaffirmed
(Issuer Not Cooperating)
Periyar Polymers Pvt Ltd               LOC               CRISIL A4+    56     Reaffirmed
Prime Ispat Ltd                        BG                CRISIL A3     120    Reaffirmed
R. B. Chavan                           BG                CRISIL A4+    160    Reaffirmed
(Issuer Not Cooperating)
R. B. Construction Co                  BG                CRISIL A4+    180    Reaffirmed
(Issuer Not Cooperating)
Rafeek Cashew Company                  BG                CRISIL A4     1      Reaffirmed
(Issuer Not Cooperating)
Rama Overseas Ltd                      Packing Credit    CRISIL A4     125    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)

Ramyaa Electro Gear Pvt Ltd            BG                CRISIL A4+    5      Reaffirmed
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      BG                CRISIL A4+    19     Reaffirmed
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      Proposed BG       CRISIL A4+    31     Reaffirmed
(Issuer Not Cooperating)
Ratnamani Metals and Tubes Ltd         LOC & BG#         CRISIL A1+    15370  Reaffirmed
(#Interchangeable with buyer's credit/supplier's credit)
Rato Communications And Electronics Pvt  BG              CRISIL A4     15     Reaffirmed
Ltd
(Issuer Not Cooperating)
Remmy Substrates India Pvt Ltd         Packing Credit    CRISIL A4+    200    Reaffirmed
Revathi Equipment Ltd                  LOC & BG          CRISIL A2     375    Reaffirmed
Romil Impex Pvt Ltd                    Packing Credit    CRISIL A4+    50     Reaffirmed
(Issuer Not Cooperating)
Romil Impex Pvt Ltd                    Post Shipment     CRISIL A4+    110    Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Romil Impex Pvt Ltd                    Proposed ST Bk    CRISIL A4+    80     Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
RPV Exports Pvt Ltd                    Foreign Bill      CRISIL A4+    40     Reaffirmed
                                       Exchange
(Issuer Not Cooperating)
Rubicon Inspection Systems Pvt Ltd     BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
S Kumars Associates                    BG                CRISIL A4+    70     Reaffirmed
(Issuer Not Cooperating)
Seshadri Builders                      BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
Shaji Mathew                           BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
Sharvari Electricals - Aurangabad      BG                CRISIL A4+    100    Reaffirmed
(Issuer Not Cooperating)
Sharvari Electricals - Aurangabad      LOC               CRISIL A4+    10     Reaffirmed
(Issuer Not Cooperating)
Shastha Enterprises                    Packing Credit    CRISIL A4     30     Reaffirmed
Shivam Iron and Steel Co. Ltd          BG                CRISIL A4+    5      Reaffirmed
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          LOC               CRISIL A4+    210    Reaffirmed
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          Non-FBL           CRISIL A4+    144    Reaffirmed
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          Proposed BG       CRISIL A4+    31.1   Reaffirmed
(Issuer Not Cooperating)
Shivam Steels and Tubes Pvt Ltd        Inland/Import LOC CRISIL A4+    250    Reaffirmed
(Issuer Not Cooperating)
Shivshakti Barrels Pvt Ltd             BG                CRISIL A4     7      Reaffirmed
(Issuer Not Cooperating)
Shree Santoshi Traders                 BG                CRISIL A4+    54.5   Reaffirmed
(Issuer Not Cooperating)
Shree Sanwaria Seth Kripa              BG                CRISIL A4+    43.1   Reaffirmed
(Issuer Not Cooperating)
Sneham International                   BG                CRISIL A3     3      -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Sneham International                   Foreign Exchange  CRISIL A3     3.2    -
                                       Forward
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Sneham International                   LOC               CRISIL A3     10     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Sri City Pvt Ltd                       Overdraft         CRISIL A2     1167.5 Reaffirmed
Super Glitz                            LOC               CRISIL A4+    2.5    Reaffirmed
(Issuer Not Cooperating)
Super Glitz                            Proposed Export   CRISIL A4+    19.6   Reaffirmed
                                       Packing Credit
(Issuer Not Cooperating)
Syncotts International                 BG                CRISIL A4+    140    Reaffirmed
(Issuer Not Cooperating)
Syncotts International                 LOC               CRISIL A4+    5      Reaffirmed
(Issuer Not Cooperating)
Syncotts International                 LOC & BG          CRISIL A4+    5      Reaffirmed
(Issuer Not Cooperating)
Synergy Green Industries Ltd           BG                CRISIL A4+    10     Reaffirmed
Synergy Green Industries Ltd           LOC & BG          CRISIL A4+    189.4  Reaffirmed
TAS Powertek Ltd                       BG                CRISIL A4+    7.5    Reaffirmed
(Issuer Not Cooperating)
Time Technoplast Ltd                   LOC & BG          CRISIL A1+    525    Reaffirmed
(**Fully interchangeable with letter of credit)
Time Technoplast Ltd                   LOC & BG**        CRISIL A1+    450    Reaffirmed
(**Fully interchangeable with letter of credit)
Time Technoplast Ltd                   LOC & BG@         CRISIL A1+    1225   Reaffirmed
(@Includes sublimit of Rs.20 crore for bank guarantee)
Time Technoplast Ltd                   LOC & BG@@        CRISIL A1+    80     Reaffirmed
(@@Includes sublimit of Rs.1 crore for bank guarantee)
Time Technoplast Ltd                   CP                CRISIL A1+    1600   Reaffirmed
Tirupati Rice Industries               BG                CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Turbo Engineers (Cbe)                  BG                CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
U and Co Marine Exports                Packing Credit    CRISIL A4     130    Reaffirmed
Vijay Agro Products Pvt Ltd            BG                CRISIL A4+    1.3    Reaffirmed
(Issuer Not Cooperating)
Vikram Traders - Ahmednagar            BG                CRISIL A4+    50     Reaffirmed
(Issuer Not Cooperating)
Vinko Auto Industries Ltd              BG                CRISIL A4     4      Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinko Auto Industries Ltd              CC                CRISIL A4     29     Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinko Auto Industries Ltd              LOC               CRISIL A4     55     Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinko Auto Industries Ltd              LT Loan           CRISIL A4     6.5    Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinko Auto Industries Ltd              Packing Credit    CRISIL A4     50     Withdrawn
(ISSUER NOT COOPERATING; Rating Withdrawn)
Vinko Auto Industries Ltd              Proposed LT Bk    CRISIL A4     19.9   Withdrawn
                                       Loan Fac
(ISSUER NOT COOPERATING; Rating Withdrawn)



MEDIUM TERM RATINGS:
-------------------
Synergy Green Industries Ltd           FD                FB+/Positive  130    Reaffirmed



LONG TERM RATINGS:
-------------------
A-1 Fence Products Company Pvt Ltd     CC/ Overdraft Fac CRISIL        40     Reaffirmed
                                                         BBB/Stable
A-1 Fence Products Company Pvt Ltd     Packing Credit    CRISIL        100    Reaffirmed
                                       (pre-shipment     BBB/Stable
                                       credit)
A-1 Fence Products Company Pvt Ltd     TL                CRISIL        14     Assigned
                                                         BBB/Stable
A-1 Fence Products Company Pvt Ltd     Proposed WC Fac   CRISIL        22.6   Assigned
                                                         BBB/Stable
A1 Products                            LT Loan           CRISIL        1.3    Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING)
A1 Products                            Overdraft         CRISIL        100    Reaffirmed
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING)
A1 Products                            Proposed TL       CRISIL        2.2    Assigned
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING)
Allahabad Agro Commodities Pvt Ltd     CC                CRISIL D      50     -
(Downgraded from 'CRISIL B+/Stable')
Allahabad Agro Commodities Pvt Ltd     Foreign LOC       CRISIL D      22.3   -
(Downgraded from 'CRISIL B+/Stable')
Allahabad Agro Commodities Pvt Ltd     LT Loan           CRISIL D      17.7   -
(Downgraded from 'CRISIL B+/Stable')
Allahabad Agro Commodities Pvt Ltd     Proposed FB Bk    CRISIL D      10     -
                                       Limits
(Downgraded from 'CRISIL B+/Stable')
Anand Engineering Products Pvt Ltd     CC                CRISIL        153.3  Reaffirmed
                                                         BB+/Stable
Anand Engineering Products Pvt Ltd     LT Loan           CRISIL        122.5  Reaffirmed
                                                         BB+/Stable
Anand Engineering Products Pvt Ltd     Proposed CC Limit CRISIL        24.2   Reaffirmed
                                                         BB+/Stable
Apex Frozen Foods Ltd                  Foreign Currency  CRISIL        51.7   Reaffirmed
                                       Term Loan         A-/Stable
Apex Frozen Foods Ltd                  Proposed LT Bk    CRISIL        21     Reaffirmed
                                       Loan Fac          A-/Stable
Arihant Prakashan                      CC                CRISIL        300    Reaffirmed
                                                         BBB-/Negative
Arihant Publications India Ltd         CC                CRISIL        400    Reaffirmed
                                                         BBB-/Negative
Arihant Publications India Ltd         Proposed WC Fac   CRISIL        30     Reaffirmed
                                                         BBB-/Negative
Asian Leather Pvt Ltd                  Foreign Bill      CRISIL        40     Reaffirmed
                                       Discounting       BBB-/Stable
Asian Leather Pvt Ltd                  Proposed FB Bk    CRISIL        13     Reaffirmed
                                       Limits            BBB-/Stable
BSR Infratech India Ltd                CC                CRISIL        1350   -
                                                         BBB+/Stable
(Downgraded from 'CRISIL A-/Negative')
BSR Infratech India Ltd                Proposed WC Fac   CRISIL        2050   -
                                                         BBB+/Stable
(Downgraded from 'CRISIL A-/Negative')
Carloo Textile                         Bill Discounting  CRISIL        60     Reaffirmed
                                                         BB+/Stable
Carloo Textile                         CC                CRISIL        85     Reaffirmed
                                                         BB+/Stable
Castle Ships Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Chartered Speed Ltd                    CC                CRISIL        170    -
                                                         BBB/Negative
(Downgraded from 'CRISIL BBB+/Stable')
Chartered Speed Ltd                    Drop Line         CRISIL        20     -
                                       Overdraft Fac     BBB/Negative
(Downgraded from 'CRISIL BBB+/Stable')
Checkmate Facility and Electronic      CC                CRISIL        60     Reaffirmed
Solutions Pvt Ltd                                        BB+/Stable
Checkmate Services Pvt Ltd             CC                CRISIL        1000   Reaffirmed
                                                         BBB-/Negative
Checkmate Services Pvt Ltd             Corporate Loan    CRISIL        56     Reaffirmed
                                                         BBB-/Negative
Checkmate Services Pvt Ltd             Proposed LT Bk    CRISIL        67     Reaffirmed
                                       Loan Fac          BBB-/Negative
Checkmate Services Pvt Ltd             TL                CRISIL        77     Reaffirmed
                                                         BBB-/Negative
Dayal Steels Ltd                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dusad Electricals                      CC                CRISIL        80     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Green Express Carriers Pvt Ltd         CC                CRISIL        120    Reaffirmed
                                                         BB-/Stable
GSP Crop Science Pvt Ltd               CC                CRISIL        1775   Reaffirmed
                                                         BBB+/Stable
GSP Crop Science Pvt Ltd               Standby Line of   CRISIL        150    Reaffirmed
                                       Credit            BBB+/Stable
GSP Crop Science Pvt Ltd               TL                CRISIL        275.3  Assigned
                                                         BBB+/Stable
Hi-Tech Engineers and Consultants Pvt  Proposed WC Fac   CRISIL        10     Reaffirmed
Ltd                                                      BBB-/Negative
Integra Automation Pvt Ltd             CC                CRISIL        120    Reaffirmed
                                                         BBB/Stable
Integra Automation Pvt Ltd             Proposed LT Bk    CRISIL        55.9   Reaffirmed
                                       Loan Fac          BBB/Stable
Integra Automation Pvt Ltd             TL                CRISIL        324.1  Reaffirmed
                                                         BBB/Stable
Jayamukhi Educational Society          LT Loan           CRISIL        8      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jayamukhi Educational Society          Proposed LT Bk    CRISIL        12     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Jindal Poly Films Ltd                  LT Loan           CRISIL        400    -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
Jindal Poly Films Ltd                  Proposed WC Fac^  CRISIL        2500   -
                                                         AA-/Stable
(^Fully interchangeability with Non Fund based limits. Upgraded from 'CRISIL A+/Positive')
Jindal Poly Films Ltd                  Rupee TL          CRISIL        2080   -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
K D Motors                             CC                CRISIL        45     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
K D Motors                             Inventory Funding CRISIL        150    -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Kamal Encon Industries Ltd             CC                CRISIL        100    Reaffirmed
                                                         A-/Stable
Kaur Sain Spinning Mills               BG                CRISIL D      10     Reaffirmed
Kaur Sain Spinning Mills               CC                CRISIL D      140    Reaffirmed
Kaur Sain Spinning Mills               LOC               CRISIL D      40     Reaffirmed
Kaur Sain Spinning Mills               TL                CRISIL D      180    Reaffirmed
Kaushal Ferro Metals Pvt Ltd           CC                CRISIL D      110    Reaffirmed
(Issuer Not Cooperating)
Kaushal Ferro Metals Pvt Ltd           LOC & BG          CRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
Kaushal Ferro Metals Pvt Ltd           Proposed LT Bk    CRISIL D      212    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Kaushal Ferro Metals Pvt Ltd           TL                CRISIL D      8      Reaffirmed
(Issuer Not Cooperating)
Kevin Process Technologies Pvt Ltd     CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
KNK Ship Management                    TL                CRISIL        480    Reaffirmed
                                                         BBB-/Stable
Krishna Cottex                         CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
Krishna Cottex                         Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B+/Stable
Krishna Metacraft Pvt Ltd              Bill Discounting  CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Krishna Metacraft Pvt Ltd              CC                CRISIL        27.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kumar Labels                           CC                -             17.5   Withdrawn
Kumar Labels                           Proposed LT Bk    -             16.5   Withdrawn
                                       Loan Fac
Kumar Labels                           Rupee TL          -             36     Withdrawn
Kunnel Engineers and Contractors Pvt Ltd CC              CRISIL        160    Reaffirmed
                                                         BB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Kunnel Engineers and Contractors Pvt Ltd Proposed LT Bk  CRISIL        100    Reaffirmed
                                       Loan Fac          BB+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Longowalia Yarns Ltd                   CC                CRISIL        580    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Longowalia Yarns Ltd                   Proposed LT Bk    CRISIL        28     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Longowalia Yarns Ltd                   TL                CRISIL        1332   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Lorians Ceramic LLP                    CC                CRISIL        50     Reaffirmed
                                                         BB-/Stable
Lorians Ceramic LLP                    TL                CRISIL        130    Reaffirmed
                                                         BB-/Stable
Mangaldas Venichand                    CC                CRISIL        100    Reaffirmed
                                                         BB+/Stable
Micro Plastics Pvt Ltd                 Export Packing    CRISIL        500    Reaffirmed
                                       Credit            A-/Stable
Micro Plastics Pvt Ltd                 Proposed WC Fac   CRISIL        77     Reaffirmed
                                                         A-/Stable
Micro Plastics Pvt Ltd                 TL                CRISIL        390    Reaffirmed
                                                         A-/Stable
Multi Organics Pvt Ltd                 CC                CRISIL        40     Reaffirmed
                                                         BBB+/Stable
Multi Organics Pvt Ltd                 Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          BBB+/Stable
Muthoot Capital Services Ltd           Northern Arc 2020 Provisional   -      Assigned
                                       2W Tribbiani      CRISIL AA
                                       -Series A1 (b) PTCs
(Provisional Rating Assigned)
Muthoot Capital Services Ltd           Northern Arc 2020 Provisional   -      Assigned
                                       2W Tribbiani      CRISIL AAA
                                       -Series A1 (a) PTCs
(Provisional Rating Assigned)
Nanibala Cold Storage Pvt Ltd          Proposed CC Limit CRISIL        105    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Nanibala Cold Storage Pvt Ltd          WC Fac            CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Neha Exports                           CC                CRISIL C      10     Reaffirmed
(Issuer Not Cooperating)
Neha Exports                           Proposed FB Bk    CRISIL C      100    Reaffirmed
                                       Limits
(Issuer Not Cooperating)
New India Infra Buildtech Ltd          CC                CRISIL        17.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Nobletex Industries Ltd                CC                CRISIL        75.6   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Nobletex Industries Ltd                LT Loan           CRISIL        94.4   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Om Prakash Satish Kumar                CC                CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
P. S. Enterprises - Ghaziabad          CC                CRISIL        347    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
P. S. Enterprises - Ghaziabad          Proposed CC Limit CRISIL        103    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Pan Synthetics Pvt Ltd                 CC                CRISIL        100    Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Pan Synthetics Pvt Ltd                 Foreign LOC       CRISIL        255    Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Pan Synthetics Pvt Ltd                 TL                CRISIL        30     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Pansari Steels Pvt Ltd                 CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Paramount Impex                        Bill Discounting  CRISIL        46     Reaffirmed
                                                         BB-/Stable
Paramount Impex                        Proposed FB Bk    CRISIL        14     Reaffirmed
                                       Limits            BB-/Stable
Parthas Textiles - Cochin              CC                CRISIL        60     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Parthas Textiles - Cochin              Foreign Bill      CRISIL        60     Reaffirmed
                                       Discounting       BB-/Stable
(Issuer Not Cooperating)
Parthas Textiles - Cochin              LT Loan           CRISIL        90     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Parthas Textiles - Cochin              Proposed LT Bk    CRISIL        71.6   Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Parthas Textiles - Cochin              Secured Overdraft CRISIL        90     Reaffirmed
                                       Fac               BB-/Stable
(Issuer Not Cooperating)
Parthas Textiles - Cochin              WC TL             CRISIL        28.4   Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Periyar Polymers Pvt Ltd               CC                CRISIL        40     Reaffirmed
                                                         BB-/Stable
Periyar Polymers Pvt Ltd               TL                CRISIL        4      Reaffirmed
                                                         BB-/Stable
Prabhukrupa Rice Mill                  CC                CRISIL        60     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Prabhukrupa Rice Mill                 Standby Fund Based CRISIL        10     Reaffirmed
                                       WC                BB+/Stable
(Issuer Not Cooperating)
Prime Ispat Ltd                        CC                CRISIL        440    Reaffirmed
                                                         BBB-/Stable
Prime Ispat Ltd                        LT Loan           CRISIL        40     Reaffirmed
                                                         BBB-/Stable
Punjab Riceland Pvt Ltd                CC                CRISIL        50     Reaffirmed
                                                         BB/Stable
Punjab Riceland Pvt Ltd                WC Fac            CRISIL        700    Reaffirmed
                                                         BB/Stable
Purohit and Company                    Proposed LT Bk    CRISIL        91.6   Reaffirmed
                                       Loan Fac          BB+/Stable
(Issuer Not Cooperating)
R. B. Chavan                           CC                CRISIL        90     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
R. B. Construction Co                  Secured Overdraft CRISIL        50     Reaffirmed
                                       against term      BB/Stable
                                       deposits
(Issuer Not Cooperating)
Radhikareddy Infra Projects Pvt Ltd    Proposed LT Bk    CRISIL        250    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Rafeek Cashew Company                  CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rafeek Cashew Company                  Proposed CC Limit CRISIL        49     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rainbow Enterprises                    CC                CRISIL        80     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Rajeev Tradecomm Pvt Ltd               CC                CRISIL        100    Reaffirmed
                                                         BB/Stable
Rajeev Tradecomm Pvt Ltd               Channel Financing CRISIL        70     Reaffirmed
                                                         BB/Stable
Rajmahal Silks and Textiles Pvt Ltd    CC                CRISIL        200    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rama Overseas Ltd                      Foreign Bill      CRISIL        125    -
                                       Purchase          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rama Overseas Ltd                      Proposed WC Fac   CRISIL        65     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Ramyaa Electro Gear Pvt Ltd            CC                CRISIL        30     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Ramyaa Electro Gear Pvt Ltd            Proposed LT Bk    CRISIL        10.1   Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Ramyaa Electro Gear Pvt Ltd            TL                CRISIL        18     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      CC                CRISIL        15     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      LT Loan           CRISIL        30     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      Proposed BG       CRISIL        33.6   Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Ranisati Paddy Processing Pvt Ltd      Proposed CC Limit CRISIL        5      Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Rasik Vatika Silk Mills Pvt Ltd        CC                CRISIL        140    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Ratnamani Metals and Tubes Ltd         CC*               CRISIL        1490   Reaffirmed
                                                         AA/Stable
(*Interchangeable with export packing credit/packing credit in foreign currency)
Ratnamani Metals and Tubes Ltd         Proposed WC Fac   CRISIL        2140   Reaffirmed
                                                         AA/Stable
Ratnamani Metals and Tubes Ltd         TL                CRISIL        3000   Reaffirmed
                                                         AA/Stable
Ratnesh Ispat Services Pvt Ltd         CC                CRISIL        135    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Ratnesh Ispat Services Pvt Ltd         TL                CRISIL        52.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rato Communications And Electronics Pvt Open CC          CRISIL        30     Reaffirmed
Ltd                                                      B+/Stable
(Issuer Not Cooperating)
Rato Communications And Electronics Pvt Proposed LT Bk   CRISIL        25     Reaffirmed
Ltd                                    Loan Fac          B+/Stable
(Issuer Not Cooperating)
Revathi Equipment Ltd                  CC                CRISIL        580    Reaffirmed
                                                         BBB+/Stable
Revathi Equipment Ltd                  Proposed FB Bk    CRISIL        150.8  Reaffirmed
                                       Limits            BBB+/Stable
Rosy Hosiery Mills                     CC                CRISIL        100    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
RPV Exports Pvt Ltd                    Packing Credit    CRISIL        30     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Rubicon Inspection Systems Pvt Ltd     CC                CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Rubicon Inspection Systems Pvt Ltd     Proposed BG       CRISIL        15     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
S Kumars Associates                    CC                CRISIL        20     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Sagar Steels And Wires                 CC                CRISIL        40     Reaffirmed
                                                         BB-/Stable
Sagar Steels And Wires                 LT Loan           CRISIL        30     Reaffirmed
                                                         BB-/Stable
Sai Lekshmi Cashew Company             CC                CRISIL        5      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sai Lekshmi Cashew Company             Export Packing    CRISIL        110    Reaffirmed
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Sai Lekshmi Cashew Company             Foreign Bill      CRISIL        15     Reaffirmed
                                       Purchase          B+/Stable
(Issuer Not Cooperating)
Satyam Enterprises - Pune              CC                CRISIL        120    -
                                                         BB-/Stable
(ISSUER NOT COOPERATING; Rating Migrated)
Satyendra Agro Products                CC                CRISIL        70     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Savitri Alloys                         CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Savitri Alloys                         Proposed LT Bk    CRISIL        24     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Savitri Alloys                         TL                CRISIL        35     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Seshadri Builders                      CC                CRISIL        30     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Sethu Distribution Agency              CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sethu Distribution Agency              Proposed CC Limit CRISIL        10     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Seven Hills International              CC                CRISIL        130    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Seven Hills International              TL                CRISIL        160    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Shah Marketing Corporation             CC                CRISIL        100    Reaffirmed
                                                         BB+/Stable
Shaji Mathew                           CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sharvari Electricals - Aurangabad      CC                CRISIL        15     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shastha Enterprises                    CC                CRISIL        120    Reaffirmed
                                                         B+/Stable
Shastha Enterprises                    Foreign Bill      CRISIL        50     Reaffirmed
                                       Purchase          B+/Stable
Shivam Iron and Steel Co. Ltd          CC                CRISIL        1250   Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          Funded Interest TLCRISIL        49.7   Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          TL                CRISIL        167.4  Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shivam Iron and Steel Co. Ltd          WC TL             CRISIL        292.8  Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shivam Steels and Tubes Pvt Ltd        Bill Discounting  CRISIL        50     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Shivam Steels and Tubes Pvt Ltd        CC                CRISIL        30     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Shivshakti Barrels Pvt Ltd             CC                CRISIL        35     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shivshakti Barrels Pvt Ltd             Proposed BG       CRISIL        6.5    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shivshakti Barrels Pvt Ltd             Proposed LT Bk    CRISIL        1.5    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Shivshakti Barrels Pvt Ltd             WC Demand Loan    CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shree Prayosha Jewellers.              Rating Advisory   -             -      -
(CRISIL vide its publication dated July 10, 2020 highlighted the aspect of non-co-operation by
Shree Prayosha Jewellers.)
Shree Sai Knittings Pvt Ltd            CC                CRISIL        70.3   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shree Sai Knittings Pvt Ltd            TL                CRISIL        9      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shree Santoshi Traders                 Overdraft         CRISIL        40     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shree Sanwaria Seth Kripa              Overdraft         CRISIL        33     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Shri Amarnath Milk Foods Pvt Ltd       CC                CRISIL D      210    Reaffirmed
(Issuer Not Cooperating)
Shri Amarnath Milk Foods Pvt Ltd       TL                CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Shyam Indus Power Solutions Pvt Ltd    BG                CRISIL        2525   Withdrawn
                                                         BBB-/Negative
(Rating Reaffirmed and Withdrawn)
Shyam Indus Power Solutions Pvt Ltd    CC                CRISIL        655    Withdrawn
                                                         BBB-/Negative
(Rating Reaffirmed and Withdrawn)
Sion Ceramics Pvt Ltd                  CC                CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Sion Ceramics Pvt Ltd                  Proposed LT Bk    CRISIL D      33.2   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Sion Ceramics Pvt Ltd                  TL                CRISIL D      61.8   Reaffirmed
(Issuer Not Cooperating)
Sneham International                   CC                CRISIL        30     -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Sneham International                   Standby Line of   CRISIL        2      -
                                       Credit            BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Sneham International                   TL                CRISIL        51.8   -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
SPRNG Photovoltaic Pvt Ltd             LT Loan           CRISIL        2415   -
                                                         A+/Stable
(Upgraded from 'CRISIL A/Stable')
Sri City Pvt Ltd                       CC                CRISIL        900    Reaffirmed
                                                         BBB+/Stable
Sri City Pvt Ltd                       Proposed LT Bk    CRISIL        732.5  Reaffirmed
                                       Loan Fac          BBB+/Stable
Sri Venkatalakshmi Spinners Pvt Ltd    CC                CRISIL        65     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Sri Venkatalakshmi Spinners Pvt Ltd    LT Loan           CRISIL        34.4   Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Steel Sun                              Channel Financing CRISIL        100    Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Steel Sun                              Proposed WC Fac   CRISIL        25     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Sundaram Finance Ltd                  Shri Trust AA 2019 CRISIL AAA    -      Reaffirmed
                                       -Series A PTCs
Super Glitz                            Export Packing    CRISIL        43     Reaffirmed
                                       Credit            BB-/Stable
(Issuer Not Cooperating)
Super Glitz                            TL                CRISIL        19.9   Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Surya Bakery and Confectionery Pvt Ltd CC                CRISIL        15     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Surya Bakery and Confectionery Pvt Ltd TL                CRISIL        132.5  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Syncotts International                 CC                CRISIL        35     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Synergy Green Industries Ltd           CC                CRISIL        300    Reaffirmed
                                                         BB+/Positive
Synergy Green Industries Ltd           TL                CRISIL        280.8  Reaffirmed
                                                         BB+/Positive
T I Motors Pvt Ltd                     Adhoc Limit       CRISIL        24     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
T I Motors Pvt Ltd                     CC                CRISIL        15     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
T I Motors Pvt Ltd                     Drop Line         CRISIL        25     Reaffirmed
                                       Overdraft Fac     BB/Stable
(Issuer Not Cooperating)
T I Motors Pvt Ltd                     Electronic Dealer CRISIL        120    Reaffirmed
                                       Financing         BB/Stable
                                       Scheme(e-DFS)
(Issuer Not Cooperating)
TAS Powertek Ltd                       CC                CRISIL        30     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
TAS Powertek Ltd                       LT Loan           CRISIL        11     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
TAS Powertek Ltd                       Proposed WC Fac   CRISIL        1.5    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Theme Export Pvt Ltd                   Foreign Bill      CRISIL D      110    Reaffirmed
                                       Discounting
(Issuer Not Cooperating)
Theme Export Pvt Ltd                   Packing Credit    CRISIL D      120    Reaffirmed
(Issuer Not Cooperating)
Theme Export Pvt Ltd                   Proposed LT Bk    CRISIL D      24     Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Theme Export Pvt Ltd                   Standby Export    CRISIL D      46     Reaffirmed
                                       Packing Credit
(Issuer Not Cooperating)
Time Technoplast Ltd                   CC**              CRISIL        975    Reaffirmed
                                                         AA-/Stable
(**Fully interchangeable with letter of credit)
Time Technoplast Ltd                   CC#               CRISIL        1000   Reaffirmed
                                                         AA-/Stable
(#One way interchangeable from FBWC (CC/WCDL) limit to NFBWC (LC) limit to the extent of 50%)
Time Technoplast Ltd                   CC*               CRISIL        320    Reaffirmed
                                                         AA-/Stable
(*Fully interchangeable with Fund Based and Non Fund Based facilities)
Time Technoplast Ltd                   CC*               CRISIL        575    Reaffirmed
                                                         AA-/Stable
(*Fully interchangeable with Fund Based and Non Fund Based facilities)
Time Technoplast Ltd                   CC***             CRISIL        2750   Reaffirmed
                                                         AA-/Stable
(***Fully interchangeable with letter of credit and working capital demand loan)
Time Technoplast Ltd                   CC##              CRISIL        400    Reaffirmed
                                                         AA-/Stable
(##Includes sublimit of Rs.15 crore for working capital demand loan)
Time Technoplast Ltd                   CC###             CRISIL        750    Reaffirmed
                                                         AA-/Stable
(###Interchangeable with Letter of Credit/Bank Guarantee upto Rs 75 crore)
Time Technoplast Ltd                   LT Loan           CRISIL        3200   Reaffirmed
                                                         AA-/Stable
Time Technoplast Ltd                   Proposed TL       CRISIL        300    Reaffirmed
                                                         AA-/Stable
Tirupati Rice Industries               CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Total Earth Movers Pvt Ltd             CC                CRISIL        200    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Trend Setters                          Bill Discounting  CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Trend Setters                          Packing Credit    CRISIL D      35     Reaffirmed
(Issuer Not Cooperating)
Trend Setters                          Proposed LT Bk    CRISIL D      75     Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Trinity Touch Pvt Ltd                  CC                CRISIL        230    Reaffirmed
                                                         BBB/Stable
Trinity Touch Pvt Ltd                  TL                CRISIL        20     Reaffirmed
                                                         BBB/Stable
Trupti Automotives                     CC                CRISIL        80     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Trupti Automotives                     Electronic Dealer CRISIL        50     Reaffirmed
                                       Financing         BB+/Stable
                                       Scheme(e-DFS)
(Issuer Not Cooperating)
Trupti Automotives                     Proposed LT Bk    CRISIL        4.4    Reaffirmed
                                       Loan Fac          BB+/Stable
(Issuer Not Cooperating)
Trupti Automotives                     TL                CRISIL        6      Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Turbo Engineers (Cbe)                  CC                CRISIL        38     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Turbo Engineers (Cbe)                  TL                CRISIL        2      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
U.B.Cotton Pvt Ltd.                    Rating Advisory   -             -      -
(CRISIL vide its publication dated July 08, 2020 highlighted the aspect of non-co-operation by
U.B.Cotton Private Limited.)
Uttam Seeds - Hisar                    CC                CRISIL B/Stabl65     Reaffirmed
(Issuer Not Cooperating)
Uttam Seeds - Hisar                    Proposed FB Bk    CRISIL B/Stabl35     Reaffirmed
                                       Limits
(Issuer Not Cooperating)
Vanshpati Smriti Shiksha Samiti        CC/ Overdraft Fac CRISIL        155    Reaffirmed
                                                         BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING)
Vanshpati Smriti Shiksha Samiti        Proposed FB Bk    CRISIL        45     Reaffirmed
                                       Limits            BB+/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING)
Vedika Agro Industries                 CC                CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Vedika Agro Industries                 LT Loan           CRISIL D      37.5   Reaffirmed
(Issuer Not Cooperating)
Vedika Agro Industries                 Proposed WC Fac   CRISIL D      12.5   Reaffirmed
(Issuer Not Cooperating)
Venkatasai Solvent India Pvt Ltd       CC                CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Venkatasai Solvent India Pvt Ltd       LT Loan           CRISIL D      14.1   Reaffirmed
(Issuer Not Cooperating)
Venkatasai Solvent India Pvt Ltd       Proposed LT Bk    CRISIL D      35.9   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Vijay Agro Products Pvt Ltd            CC                CRISIL        205    Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Vijay Agro Products Pvt Ltd            Proposed FB Bk    CRISIL        3.7    Reaffirmed
                                       Limits            BB/Stable
(Issuer Not Cooperating)
Vijay Iron and Steel Co.               CC                CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
Vijayalakshmi Par Boiled Rice Industrie CC               CRISIL        70     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Vijayalakshmi Par Boiled Rice Industrie Proposed LT Bk   CRISIL        10     Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Vikram Traders - Ahmednagar            CC                CRISIL        200    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Vinayak Support Services Pvt Ltd       CC                CRISIL        52     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Vinayak Support Services Pvt Ltd       TL                CRISIL        40     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Vinko Auto Industries Ltd              TL                CRISIL        4.6    Assigned
                                                         B/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
YP Foods Pvt Ltd                       CC                CRISIL        15     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
YP Foods Pvt Ltd                       Proposed LT Bk    CRISIL        29     Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
YP Foods Pvt Ltd                       TL                CRISIL        61     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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