July 25, 2019 / 10:28 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Jul 25

    Jul 25 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 24, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aarti Industries Ltd                    LOC & BG           CRISIL A1+     6000    Reaffirmed
Aarti Industries Ltd                    CP                 CRISIL A1+     4000    Reaffirmed
Adnan Traders                           Packing Credit     CRISIL A4      80      Reaffirmed
Alpna Visual Packaging Aids             Overdraft          CRISIL A4      15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Anandam Textiles                        Packing Credit     CRISIL A4      20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Anchor Mark Pvt Ltd                     BG                 CRISIL A4+     12.6    Reaffirmed
Anil Buildcon India Pvt Ltd             BG                 CRISIL A4+     280     Rating
                                                                                  Migrated
Issuer Not Cooperating
Avinash Buildcon Infrastructure Pvt Ltd BG                 CRISIL A4+     20      Assigned
Assigned
Berger Paints India Ltd                 Non-FBL##          CRISIL A1+     2000    Reaffirmed
##Interchangeable between bank guarantees and letters of credit
Berger Paints India Ltd                 CP                 CRISIL A1+     5000    -
Bharat Hitech (Cements) Pvt Ltd         BG                 CRISIL A4+     3.6     Assigned
Bharat Stars Services Pvt Ltd           BG                 CRISIL A2+     150     Reaffirmed
Bharat Stars Services Pvt Ltd           Overdraft          CRISIL A2+     20      Reaffirmed
Condor Footwear India Ltd               BG                 CRISIL A4+     20      Migrated from
                                                                                  CRISIL A2
Issuer Not Cooperating
Crest Composites and Plastics Pvt Ltd   LOC                CRISIL A2      200     Reaffirmed
Deshmukh And Company                    BG                 CRISIL A4+     120     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Deshmukh And Company                    Proposed BG        CRISIL A4+     150     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Devdashrath Infratech Pvt Ltd           BG                 CRISIL A4      89.5    Assigned
Enayat Overseas                         Export Packing     CRISIL A4+     320     Downgraded
                                        Credit & Export                           from CRISIL A3
                                        Bills Negotiation/Foreign Bill discounting
Essae Digitronics Pvt Ltd               BG@                CRISIL A2      200     -
Placed on Rating Watch with Developing Implications ,@ Fully fungible with Bill Discounting
under Letter of Credit facility to the extent of Rs 1 crore.
G S Autocomp Pvt Ltd                    LOC                CRISIL A4      5       Rating
                                                                                  Migrated
Issuer Not Cooperating
Halleys Blue Steels Pvt Ltd             BG                 CRISIL A4+     30      Reaffirmed
Reaffirmed
Halleys Blue Steels Pvt Ltd             Overdraft          CRISIL A4+     34.5    Reaffirmed
Reaffirmed
Hassia Packaging Pvt Ltd                BG                 CRISIL A4+     50      Downgraded
                                                                                  from CRISIL A3
Hassia Packaging Pvt Ltd                LOC                CRISIL A4+     15      Downgraded
                                                                                  from CRISIL A3
HGE International Pvt Ltd               Foreign Exchange   CRISIL A4+     4.7     Rating
                                        Forward                                   Migrated
Issuer Not Cooperating
HGE International Pvt Ltd               LOC                CRISIL A4+     5       Rating
                                                                                  Migrated
Issuer Not Cooperating
HGE International Pvt Ltd               Packing Credit     CRISIL A4+     25      Rating
                                                                                  Migrated
Issuer Not Cooperating
HGE International Pvt Ltd               Post Shipment      CRISIL A4+     10      Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Igaku Needles Pvt Ltd                   LOC                CRISIL A4      5       Rating
                                                                                  Migrated
Issuer Not Cooperating
IMP Energy Ltd                          BG                 CRISIL A4      120     Rating
                                                                                  Migrated
Issuer Not Cooperating
IMP Energy Ltd                          LOC                CRISIL A4      40      Rating
                                                                                  Migrated
Issuer Not Cooperating
Indiana Steel Corporation               LOC                CRISIL A4      50      Migrated from
                                                                                  CRISIL A4
Issuer Not Cooperating
Indroyal Hotels Pvt Ltd                 Overdraft          CRISIL A4      30      Withdrawn
Rating reaffirmed and Withdrawn
Jagdale Industries Pvt Ltd              LOC & BG           CRISIL A3      130     Reaffirmed
Kasana Builders Pvt Ltd                 BG                 CRISIL A4+     990     Reaffirmed
Reaffirmed
KSE Ltd                                 Cash Management    CRISIL A2+     15      Reaffirmed
                                        Service
Lakshman and Co.                        Bill Discounting   CRISIL A4      30      Reaffirmed
Lakshman and Co.                        Packing Credit     CRISIL A4      150     Reaffirmed
Landmark Engineer                       BG                 CRISIL A4+     150     Reaffirmed
Metro Speciality Hospitals Pvt Ltd      BG                 CRISIL A2      25      Rating
                                                                                  Migrated
Issuer Not Cooperating
Mukesh Enterprises                      LOC                CRISIL A4      45      Assigned
Nav Durga Fuel Pvt Ltd                  BG                 CRISIL A4+     20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nav Durga Fuel Pvt Ltd                  LOC                CRISIL A4+     60      Rating
                                                                                  Migrated
Issuer Not Cooperating
Neelplast Polymers Pvt Ltd              BG                 CRISIL A4+     15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Omega Infraengineers Pvt. Ltd.          BG                 CRISIL A4      42.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Opaque Ceramics Pvt Ltd                 BG                 CRISIL A4+     5       Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Opaque Ceramics Pvt Ltd                 LOC                CRISIL A4+     45      Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Paharpur Cooling Technologies           Non-FBL            CRISIL A1      2900    Reaffirmed
(Singapore) PTE. Ltd
Paharpur Cooling Towers Ltd             BG*                CRISIL A1      2000    Reaffirmed
*Interchangeable with letter of credit amounting Rs 160 crore and buyers credit amounting Rs 70
crore
Paharpur Cooling Towers Ltd             BG                 CRISIL A1      250     Reaffirmed
Paharpur Cooling Towers Ltd             LOC & BG           CRISIL A1      5050    Reaffirmed
Paharpur Cooling Towers Ltd             CP                 CRISIL A1      250     Reaffirmed
Powerlinks Transmission Ltd             LOC & BG           CRISIL A1+     40      Reaffirmed
Raminfo Ltd                             BG                 CRISIL A4+     10      Assigned
Ray Constructions Ltd                   BG                 CRISIL A4+     250     Reaffirmed
Ray Constructions Ltd                   Proposed BG        CRISIL A4+     170     Reaffirmed
Sardar Motors Autowheel Pvt Ltd         BG                 CRISIL A4+     25      Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Shilpa Electrical Engineers India Pvt   BG                 CRISIL A4+     89      Assigned
Ltd
Suspension Revoked
Shilpa Electrical Engineers India Pvt   LOC                CRISIL A4+     15      Assigned
Ltd
Suspension Revoked
Siechem Technologies Pvt Ltd            BG                 CRISIL A2      240     Reaffirmed
Siechem Technologies Pvt Ltd            LOC                CRISIL A2      30      Reaffirmed
Siechem Technologies Pvt Ltd            Proposed Packing   CRISIL A2      60      Reaffirmed
                                        Credit
Siechem Technologies Pvt Ltd            Vendor Financing   CRISIL A2      150     Reaffirmed
Sky Automobiles                         Inventory Funding  CRISIL A4+     1165.5  Reaffirmed
                                        Fac
Sky Automobiles                         Overdraft          CRISIL A4+     40      Reaffirmed
Stolt Rail Logistic Systems Ltd         BG                 CRISIL A4      20      Rating
                                                                                  Migrated
Issuer Not Cooperating
T Line Infra Pvt Ltd                    BG                 CRISIL A4      5       Reaffirmed
Thomson Rubbers India Pvt Ltd           BG                 CRISIL A4+     1.5     Reaffirmed
Thomson Rubbers India Pvt Ltd           LOC                CRISIL A4+     100     Reaffirmed
Torque Pharmaceuticals Pvt Ltd          LOC                CRISIL A3+     6.6     Reaffirmed
Unique Organics Ltd                     Foreign Bill       CRISIL A4      30      Rating
                                        Purchase                                  Migrated
Issuer Not Cooperating
Unique Organics Ltd                     Packing Credit     CRISIL A4      30      Rating
                                                                                  Migrated
Issuer Not Cooperating
United Drilling Tools Ltd               BG                 CRISIL A4+     120     Rating
                                                                                  Migrated
Issuer Not Cooperating
United Drilling Tools Ltd               LOC                CRISIL A4+     84      Rating
                                                                                  Migrated
Issuer Not Cooperating
United Drilling Tools Ltd               Packing Credit     CRISIL A4+     204     Rating
                                                                                  Migrated
Issuer Not Cooperating
V.C. Constructions                      BG                 CRISIL A4      55      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
KSE Ltd                                 FD                 FA             100     Reaffirmed
Nav Durga Fuel Pvt Ltd                  FD                 FB+            100     Rating
                                                                                  Migrated
Issuer Not Cooperating


LONG TERM RATINGS:
-------------------
Aarti Industries Ltd                    CC                 CRISIL AA-     10800   Reaffirmed
Aarti Industries Ltd                    Proposed CC Limit  CRISIL AA-     500     Reaffirmed
Aarti Industries Ltd                    TL                 CRISIL AA-     1700    Reaffirmed
Aarti Industries Ltd                    LT Borrowing       CRISIL AA-     1000    Reaffirmed
                                        Programme
Aarti Industries Ltd                    NCD                CRISIL AA-     800     Reaffirmed
Aarti Industries Ltd                    NCD                CRISIL AA-     1200    Withdrawn
Akshaya India Tours & Travels Pvt Ltd   CC                 CRISIL BB-     80      Rating
                                                                                  Migrated
Issuer Not Cooperating
Alpna Visual Packaging Aids             Proposed FB Bk     CRISIL B       4       Rating
                                        Limits                                    Migrated
Issuer Not Cooperating
Alpna Visual Packaging Aids             TL                 CRISIL B       41      Rating
                                                                                  Migrated
Issuer Not Cooperating
Anandam Textiles                        CC                 CRISIL B+      32.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Anandam Textiles                        Key CC             CRISIL B+      35      Rating
                                                                                  Migrated
Issuer Not Cooperating
Anchor Mark Pvt Ltd                     CC*                CRISIL BB      51.5    Reaffirmed
*Interchangeable with Packing Credit/Foreign Bill Purchase/Packing Credit Foreign
Currency/Foreign Currency Bill Discount/Foreign Currency Bill Purchase/Foreign Bill Discount 
Anchor Mark Pvt Ltd                     TL                 CRISIL BB      5.9     Reaffirmed
Angel Pipes and Tubes Pvt Ltd           CC                 CRISIL B       100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Angel Pipes and Tubes Pvt Ltd           Proposed LT Bk     CRISIL B       50      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Anil Buildcon India Pvt Ltd             CC                 CRISIL BB+     5       Rating
                                                                                  Migrated
Issuer Not Cooperating
Anjali Hotels Pvt Ltd                   CC                 CRISIL BB+     80      Reaffirmed
Anjali Hotels Pvt Ltd                   TL                 CRISIL BB+     154.5   Reaffirmed
Avinash Buildcon Infrastructure Pvt Ltd Proposed FB Bk     CRISIL BB-     40      Assigned
                                        Limits
Assigned
Avinash Buildcon Infrastructure Pvt Ltd CC                 CRISIL BB-     40      Assigned
Assigned
Bajaj Kagaj Ltd                         CC                 CRISIL BB+     60      Rating
                                                                                  Migrated
Issuer Not Cooperating
Bajaj Kagaj Ltd                         Standby Line of    CRISIL BB+     20      Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Berger Paints India Ltd                 FB Fac#            CRISIL AAA     5000    Reaffirmed
#Interchangeable between cash credit, working capital demand loan, packing credit, bill
discounting, buyer's credit, and short-term loans 
Bharat Hitech (Cements) Pvt Ltd         TL                 CRISIL BB+     19.2    Assigned
Bharat Hitech (Cements) Pvt Ltd         Proposed LT Bk     CRISIL BB+     25      Assigned
                                        Loan Fac
Bharat Hitech (Cements) Pvt Ltd         CC                 CRISIL BB+     145.6   Assigned
Bharat Stars Services Pvt Ltd           Proposed LT Bk     CRISIL A-      15      Reaffirmed
                                        Loan Fac
Bharat Stars Services Pvt Ltd           TL                 CRISIL A-      35      Reaffirmed
BLP Vayu (Project 1) Pvt Ltd            Proposed LT Bk     CRISIL A+      510     Upgraded from
                                        Loan Fac                                  CRISIL A
BLP Vayu (Project 1) Pvt Ltd            Rupee TL           CRISIL A+      3010    Upgraded from
                                                                                  CRISIL A
Brindco Sales Pvt Ltd                   CC                 CRISIL BB+     370     Withdrawn
Civil Tech                              Proposed CC Limit  CRISIL B       7       Withdrawn
Civil Tech                              Proposed LT Bk     CRISIL B       35.5    Withdrawn
                                        Loan Fac
Civil Tech                              Proposed TL        CRISIL B       7.5     Withdrawn
Condor Footwear India Ltd               CC                 CRISIL BB+     210     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Crest Composites and Plastics Pvt Ltd   CC                 CRISIL BBB+    300     Reaffirmed
Outlook revised from Stable
Crest Composites and Plastics Pvt Ltd   Proposed LT Bk     CRISIL BBB+    46.9    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Crest Composites and Plastics Pvt Ltd   TL                 CRISIL BBB+    209.1   Reaffirmed
Issuer Not Cooperating
Deshmukh And Company                    CC/ Overdraft Fac  CRISIL BB+     30      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Devdashrath Infratech Pvt Ltd           Proposed Overdraft CRISIL B+      0.5     Assigned
                                        Fac
Devdashrath Infratech Pvt Ltd           Overdraft          CRISIL B+      41      Assigned
Devdashrath Infratech Pvt Ltd           CC                 CRISIL B+      39      Assigned
Divya Packmaf Pvt Ltd                   CC                 CRISIL B       90      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Emami Cement Ltd                        LT Loan            CRISIL BBB     2000    Withdrawn
Issuer Not Cooperating
Emerald Home Developers Pvt Ltd         TL                 CRISIL B+      273     Reaffirmed
Enayat Overseas                         Proposed TL        CRISIL BB+     5.9     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Enayat Overseas                         TL                 CRISIL BB+     20      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Essae Digitronics Pvt Ltd               Bill Discounting#  CRISIL BBB+    48      -
Placed on Rating Watch with Developing Implications ,#Receivables from TVS Motor Company Ltd and
Mahindra & Mahindra Ltd to be discounted under this 
Essae Digitronics Pvt Ltd               CC*                CRISIL BBB+    200     -
Placed on Rating Watch with Developing Implications ,*Interchangeable with letter of credit up
to Rs 5 crore

Essae Digitronics Pvt Ltd               CC/ Overdraft Fac* CRISIL BBB+    40      -
Placed on Rating Watch with Developing Implications ,*Interchangeable with letter of credit up
to Rs 5 crore

Essae Digitronics Pvt Ltd               TL                 CRISIL BBB+    92      -
Placed on Rating Watch with Developing Implications 
Essae Digitronics Pvt Ltd               WC Demand Loan     CRISIL BBB+    60      -
Placed on Rating Watch with Developing Implications 
G S Autocomp Pvt Ltd                    CC                 CRISIL B+      45      Rating
                                                                                  Migrated
Issuer Not Cooperating
G S Autocomp Pvt Ltd                    LT Loan            CRISIL B+      20.2    Rating
                                                                                  Migrated
Issuer Not Cooperating
G S Autocomp Pvt Ltd                    Proposed LT Bk     CRISIL B+      17.4    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Genxt Mobile                            CC                 CRISIL BB-     40      Rating
                                                                                  Migrated
Issuer Not Cooperating
Genxt Mobile                            Channel Financing  CRISIL BB-     100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Greeshmam Resorts Pvt Ltd               TL                 CRISIL BB-     185     Reaffirmed
Reaffirmed
Grover Agro Food Pvt Ltd                TL                 CRISIL B-      52      Rating
                                                                                  Migrated
Issuer Not Cooperating
GTP Minmet Pvt Ltd                      Proposed LT Bk     CRISIL B       450     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Halleys Blue Steels Pvt Ltd             LT Loan            CRISIL BB      1.7     Reaffirmed
Reaffirmed
Halleys Blue Steels Pvt Ltd             Proposed LT Bk     CRISIL BB      33.8    Reaffirmed
                                        Loan Fac
Reaffirmed
Happy Home Developers                   TL                 CRISIL BB      750     Rating
                                                                                  Migrated
Issuer Not Cooperating
Hassia Packaging Pvt Ltd                CC                 CRISIL BB+     70      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
HGE International Pvt Ltd               LT Loan            CRISIL BB-     4.8     Rating
                                                                                  Migrated
Issuer Not Cooperating
HGE International Pvt Ltd               Proposed LT Bk     CRISIL BB-     31      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
HGE International Pvt Ltd               Standby Line of    CRISIL BB-     4.5     Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Hora Motors Pvt Ltd                     CC                 CRISIL BB+     150     Migrated from
                                                                                  CRISIL BB+
Igaku Needles Pvt Ltd                   CC                 CRISIL B+      22      Rating
                                                                                  Migrated
Issuer Not Cooperating
Igaku Needles Pvt Ltd                   Proposed LT Bk     CRISIL B+      22.3    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Igaku Needles Pvt Ltd                   TL                 CRISIL B+      20.7    Rating
                                                                                  Migrated
Issuer Not Cooperating
IMP Energy Ltd                          CC                 CRISIL B-      20      Rating
                                                                                  Migrated
Issuer Not Cooperating
IMP Energy Ltd                          Proposed BG        CRISIL B-      40      Rating
                                                                                  Migrated
Issuer Not Cooperating
Indiana Steel Corporation               CC                 CRISIL B+      20      Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
Indroyal Hotels Pvt Ltd                 TL                 CRISIL B+      850     Withdrawn
Rating reaffirmed and Withdrawn
Jagdale Industries Pvt Ltd              CC                 CRISIL BBB-    400     Reaffirmed
Outlook revised from Negative
Jagdale Industries Pvt Ltd              Proposed FB Bk     CRISIL BBB-    127.5   Reaffirmed
                                        Limits
Outlook revised from Negative
JBM Solar Power Pvt Ltd                 Overdraft          CRISIL A-      50      Reaffirmed
Continues on Rating Watch with Developing Implications
JBM Solar Power Pvt Ltd                 Rupee TL           CRISIL A-      588.6   Assigned
Continues on Rating Watch with Developing Implications
JBM Solar Power Pvt Ltd                 Proposed LT Bk     CRISIL A-      61.4    Assigned
                                        Loan Fac
Continues on Rating Watch with Developing Implications
Kasana Builders Pvt Ltd                 CC                 CRISIL BB+     185     Reaffirmed
Khazanchi Jewellers Pvt Ltd             CC                 CRISIL BB      330     Reaffirmed
Kisan Mouldings Ltd                     CC                 CRISIL D       1070    Reaffirmed
Issuer Not Cooperating
Kisan Mouldings Ltd                     Funded Interest TL CRISIL D       151.5   Reaffirmed
Issuer Not Cooperating
Kisan Mouldings Ltd                     Letter Of GuaranteeCRISIL D       62.5    Reaffirmed
Issuer Not Cooperating
Kisan Mouldings Ltd                     LOC                CRISIL D       497.5   Reaffirmed
Issuer Not Cooperating
Kisan Mouldings Ltd                     LT Loan            CRISIL D       618     Reaffirmed
Issuer Not Cooperating
Kisan Mouldings Ltd                     Proposed LT Bk     CRISIL D       0.5     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Kisan Mouldings Ltd                     WC TL              CRISIL D       470     Reaffirmed
Issuer Not Cooperating
KSE Ltd                                 CC                 CRISIL A-      600     Reaffirmed
KSE Ltd                                 Proposed LT Bk     CRISIL A-      15      Reaffirmed
                                        Loan Fac
Lakshman and Co.                        Overdraft          CRISIL B+      2       Reaffirmed
Lakshman and Co.                        Pledge Loan        CRISIL B+      20      Reaffirmed
Lakshman and Co.                        Proposed LT Bk     CRISIL B+      90      Reaffirmed
                                        Loan Fac
Landmark Engineer                       CC                 CRISIL BB+     30      Upgraded from
                                                                                  CRISIL BB
Lucknow Optical and Surgical Co.        CC/ Overdraft Fac  CRISIL B+      100     Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Maruthi Corporation Ltd                 Proposed TL        CRISIL B+      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Metro Speciality Hospitals Pvt Ltd      CC                 CRISIL BBB+    50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Metro Speciality Hospitals Pvt Ltd      TL                 CRISIL BBB+    635     Rating
                                                                                  Migrated
Issuer Not Cooperating
Mount Zion Medical College              BG                 CRISIL D       90      Rating
                                                                                  Migrated
Issuer Not Cooperating
Mount Zion Medical College              LT Loan            CRISIL D       146.1   Rating
                                                                                  Migrated
Issuer Not Cooperating
Mount Zion Medical College              Overdraft          CRISIL D       15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Mukesh Enterprises                      CC                 CRISIL B+      17.5    Assigned
Nav Durga Fuel Pvt Ltd                  CC                 CRISIL BB+     550     Rating
                                                                                  Migrated
Issuer Not Cooperating
Nav Durga Fuel Pvt Ltd                  Corporate Loan     CRISIL BB+     30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nav Durga Fuel Pvt Ltd                  Proposed LT Bk     CRISIL BB+     10      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Nav Durga Fuel Pvt Ltd                  Standby Line of    CRISIL BB+     30      Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Neelplast Polymers Pvt Ltd              CC                 CRISIL BB-     155     Rating
                                                                                  Migrated
Issuer Not Cooperating
Nitin Sai Constructions Pvt Ltd         BG                 CRISIL D       70      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nitin Sai Constructions Pvt Ltd         CC/ Overdraft Fac  CRISIL D       15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nitin Sai Constructions Pvt Ltd         Inland/Import LOC  CRISIL D       20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Omega Infraengineers Pvt. Ltd.          CC                 CRISIL B+      22.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Omega Infraengineers Pvt. Ltd.          Loan Against       CRISIL B+      25      Rating
                                        Property                                  Migrated
Issuer Not Cooperating
Omega Infraengineers Pvt. Ltd.          Proposed LT Bk     CRISIL B+      20      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Opaque Ceramics Pvt Ltd                 CC                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Paharpur Cooling Technologies           FB Fac             CRISIL A+      1600    Reaffirmed
(Singapore) PTE. Ltd
Continues on Rating Watch with Developing Implications
Paharpur Cooling Towers Ltd             CC                 CRISIL A+      1230    Reaffirmed
Continues on Rating Watch with Developing Implications
Paharpur Cooling Towers Ltd             LOC & BG**         CRISIL A+      1250    Reaffirmed
Continues on Rating Watch with Developing Implications,**Fully interchangeable with fund based
facilities
Paharpur Cooling Towers Ltd             LT Bk Fac          CRISIL A+      600     Reaffirmed
Continues on Rating Watch with Developing Implications
Paharpur Cooling Towers Ltd             Proposed CC Limit  CRISIL A+      220     Reaffirmed
Continues on Rating Watch with Developing Implications
Param Dairy Ltd                         CC                 CRISIL BB+     300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-/Negative
Param Dairy Ltd                         Proposed LT Bk     CRISIL BB+     200     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-/Negative
Phoenix Poultry                         WC Fac             CRISIL BBB+    500     Reaffirmed
Powerlinks Transmission Ltd             Overdraft*         CRISIL AAA     40      Reaffirmed
*interchangeable with cash credit facility
Powerlinks Transmission Ltd             NCD                CRISIL AAA     1080    Withdrawn
Prabhat Steel Industries                CC                 CRISIL BBB-    100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Prabhu Steels                           CC                 CRISIL BB+     170     Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Prabhu Steels                           Channel Financing  CRISIL BB+     375     Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Raminfo Ltd                             Proposed LT Bk     CRISIL BB      280     Assigned
                                        Loan Fac
Raminfo Ltd                             CC                 CRISIL BB      10      Assigned
Ranika Exports Design                   Export Packing     CRISIL BB      113.4   Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
S. K. Breeding Farm                     CC                 CRISIL B       6       Assigned
S. K. Breeding Farm                     TL                 CRISIL B       14      Assigned
Sa Ashri Jewellers                      Proposed LT Bk     CRISIL BB-     40      Assigned
                                        Loan Fac
Sa Ashri Jewellers                      CC                 CRISIL BB-     20      Assigned
Sa Ashri Jewellers                      Proposed CC Limit  CRISIL BB-     40      Assigned
Sardar Motors Autowheel Pvt Ltd         CC                 CRISIL BB+     123     Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
Sardar Motors Autowheel Pvt Ltd         Channel Financing  CRISIL BB+     120     Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
Shilpa Electrical Engineers India Pvt   CC                 CRISIL BB-     35      Assigned
Ltd
Suspension Revoked
Shilpa Electrical Engineers India Pvt   Proposed LT Bk     CRISIL BB-     11      Assigned
Ltd                                     Loan Fac
Suspension Revoked
Siechem Technologies Pvt Ltd            CC                 CRISIL BBB+    360     Reaffirmed
Siechem Technologies Pvt Ltd            Channel Financing  CRISIL BBB+    100     Reaffirmed
Siechem Technologies Pvt Ltd            Proposed TL        CRISIL BBB+    1260    Reaffirmed
Siechem Technologies Pvt Ltd            WC Fac             CRISIL BBB+    100     Reaffirmed
Sky Automobiles                         CC                 CRISIL BB      130     Reaffirmed
Sky Automobiles                         TL                 CRISIL BB      244.5   Reaffirmed
Stolt Rail Logistic Systems Ltd         CC                 CRISIL B+      10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Stolt Rail Logistic Systems Ltd         LT Loan            CRISIL B+      65      Rating
                                                                                  Migrated
Issuer Not Cooperating
Stolt Rail Logistic Systems Ltd         Proposed LT Bk     CRISIL B+      87.5    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Sunrise Industries                      CC                 CRISIL BB+     50      Reaffirmed
Sunrise Industries                      Proposed LT Bk     CRISIL BB+     30      Reaffirmed
                                        Loan Fac
T Line Infra Pvt Ltd                    CC/ Overdraft Fac  CRISIL B       50      Reaffirmed
T Line Infra Pvt Ltd                    LT Bk Fac          CRISIL B       5       Reaffirmed
Tara Automobiles                        CC                 CRISIL BB+     100     Withdrawn
(Rating reaffirmed and Withdrawn)
Tara Automobiles                        Proposed CC Limit  CRISIL BB+     50      Withdrawn
(Rating reaffirmed and Withdrawn)
The Star Cars Pvt Ltd                   CC                 CRISIL D       20      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
The Star Cars Pvt Ltd                   LT Loan            CRISIL D       40      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
The Star Cars Pvt Ltd                   Proposed LT Bk     CRISIL D       10      Downgraded
                                        Loan Fac                                  from CRISIL B+
Issuer Not Cooperating
Thomson Rubbers India Pvt Ltd           CC                 CRISIL BB-     100     Reaffirmed
Thomson Rubbers India Pvt Ltd           Export Packing     CRISIL BB-     210     Reaffirmed
                                        Credit
Thomson Rubbers India Pvt Ltd           Proposed LT Bk     CRISIL BB-     220     Reaffirmed
                                        Loan Fac
Torque Pharmaceuticals Pvt Ltd          CC                 CRISIL BBB     430     Reaffirmed
Outlook revised from Stable
Torque Pharmaceuticals Pvt Ltd          Loan Against       CRISIL BBB     139     Reaffirmed
                                        Property
Outlook revised from Stable
Torque Pharmaceuticals Pvt Ltd          TL                 CRISIL BBB     24.4    Reaffirmed
Outlook revised from Stable
Unique Organics Ltd                     CC                 CRISIL B+      30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Unique Organics Ltd                     Pledge Loan        CRISIL B+      30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Unique Organics Ltd                     Proposed LT Bk     CRISIL B+      245     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
United Drilling Tools Ltd               Proposed LT Bk     CRISIL BB+     8.1     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
V.C. Constructions                      CC                 CRISIL B       100     Reaffirmed
V.P.K. Agro Food Product Pvt Ltd        CC                 CRISIL B+      50      Rating
                                                                                  Migrated
Issuer Not Cooperating
V.P.K. Agro Food Product Pvt Ltd        LT Loan            CRISIL B+      117     Rating
                                                                                  Migrated
Issuer Not Cooperating
V.P.K. Agro Food Product Pvt Ltd        Proposed LT Bk     CRISIL B+      3       Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Vardhman Knit                           CC                 CRISIL B+      70      Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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