July 30, 2019 / 6:30 AM / 19 days ago

CRISIL ratings for Indian debt instruments-Jul 30

    Jul 30 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of July 29, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A.S. Shipping Agencies Pvt Ltd          BG                 CRISIL A4+     210     Migrated from
                                                                                  CRISIL A3
A.S. Shipping Agencies Pvt Ltd          LOC                CRISIL A4+     250     Migrated from
                                                                                  CRISIL A3
Ajay Hi-Tech Agro Foods                 BG                 CRISIL A4+     4       Upgraded from
                                                                                  CRISIL A4+
ASTA India Pvt Ltd                      LOC                CRISIL A4+     10      Withdrawn
Issuer Not Cooperating
Astron Packaging Ltd                    LOC                CRISIL A2      250     Reaffirmed
Astron Packaging Ltd                    Purchase Bill      CRISIL A2      180     Reaffirmed
                                        Discounting
Balaji Solutions Ltd                    BG                 CRISIL A3      400     Withdrawn
Issuer Not Cooperating
Bhaggyam Constructions                  Overdraft          CRISIL A4+     51      Reaffirmed
Cedar Decor Pvt Ltd                     LOC                CRISIL A3+     60      Reaffirmed
Chartered Speed Ltd                     BG                 CRISIL A2      310     Reaffirmed
Conc Shade Constructions Pvt Ltd        BG                 CRISIL A4+     6.5     Withdrawn
Issuer Not Cooperating
DelVal Flow Controls Pvt Ltd            Foreign Exchange   CRISIL A3+     8.9     Upgraded from
                                        Forward                                   CRISIL A3
DelVal Flow Controls Pvt Ltd            LOC & BG           CRISIL A3+     50      Upgraded from
                                                                                  CRISIL A3
Desai Construction Pvt Ltd              BG                 CRISIL A1      300     Reaffirmed
Durian Industries Ltd                   LOC                CRISIL A3+     200     Reaffirmed
Fortune Marketing Pvt Ltd               Inland/Import LOC  CRISIL A4+     100     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Furnace Fabrica India Ltd               BG*                CRISIL A3+     2030    Rating
                                                                                  Migrated
Issuer Not Cooperating,*Letter of credit and bank guarantee are interchangeable

Furnace Fabrica India Ltd               LOC*               CRISIL A3+     330     Rating
                                                                                  Migrated
Issuer Not Cooperating,*Letter of credit and bank guarantee are interchangeable

Furnace Fabrica India Ltd               Proposed BG*       CRISIL A3+     720     Rating
                                                                                  Migrated
Issuer Not Cooperating,*Letter of credit and bank guarantee are interchangeable

Furnace Fabrica India Ltd               Proposed BG        CRISIL A3+     580.2   Rating
                                                                                  Migrated
Issuer Not Cooperating
Furnace Fabrica India Ltd               Proposed LOC*      CRISIL A3+     250     Rating
                                                                                  Migrated
Issuer Not Cooperating,*Letter of credit and bank guarantee are interchangeable

Goyal Agencies Pvt Ltd                  LOC                CRISIL A4      100     Reaffirmed
Hardev Construction Pvt Ltd             BG                 CRISIL A3+     600     Reaffirmed
Hardev Construction Pvt Ltd             Overdraft          CRISIL A3+     15      Reaffirmed
Hardev Construction Pvt Ltd             Proposed ST Bk     CRISIL A3+     39      Reaffirmed
                                        Loan Fac
HPL Additives Ltd                       BG%                CRISIL A2+     50      Reaffirmed
% Rs 5 crore from Citi Bank is fully interchangeable with cash credit facilities of respective
banks.
HPL Additives Ltd                       BG^                CRISIL A2+     50      Reaffirmed
^ Rs 5 crore from HDFC Bank is fully interchangeable with cash credit facilities of respective
banks.
HPL Additives Ltd                       BG&                CRISIL A2+     50      Reaffirmed
& Rs 5 crore from Kotak Mahindra Bank is fully interchangeable with cash credit facilities of
respective banks.
Hussain Sheth Enterprise                BG                 CRISIL A4+     7.5     Assigned
Indian Overseas Bank                    CDs Programme      CRISIL A1+             Reaffirmed
Isgec Titan Metal Fabricators Pvt Ltd   LOC & BG           CRISIL A1+(SO) 300     Reaffirmed
Kkalpana Industries (India) Ltd         LOC & BG           CRISIL A2+     5250    Reaffirmed
M/s. Raj Construction Co                BG                 CRISIL A3      320     Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Madhav Tex Spin Pvt Ltd                 BG                 CRISIL A4+     30      Reaffirmed
Maple Mouldings Pvt Ltd                 LOC                CRISIL A3+     50      Reaffirmed
Matheson Bosanquet Enterprises Pvt Ltd  CC & WC demand loanCRISIL A3      23      Withdrawn
Matheson Bosanquet Enterprises Pvt Ltd  Export Bill        CRISIL A3      28.5    Withdrawn
                                        Rediscounting
Matheson Bosanquet Enterprises Pvt Ltd  Export Packing     CRISIL A3      28.5    Withdrawn
                                        Credit
Matheson Bosanquet Enterprises Pvt Ltd  Proposed Packing   CRISIL A3      20      Withdrawn
                                        Credit
Meghmani Industries Ltd                 BG^                CRISIL A1      20      Reaffirmed
^Fully interchangeable with letter of credit
Meghmani Industries Ltd                 Foreign Exchange   CRISIL A1      70      Reaffirmed
                                        Fac
Meghmani Industries Ltd                 LOC                CRISIL A1      10      Reaffirmed
Meghmani Industries Ltd                 CP                 CRISIL A1      250     Reaffirmed
Microfinish Valves Pvt Ltd              BG**               CRISIL A4+     200     Rating
                                                                                  Migrated
Issuer Not Cooperating,**Interchangeable with foreign letter of credit
Microfinish Valves Pvt Ltd              Packing Credit     CRISIL A4+     50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Natvar Construction Co                  BG                 CRISIL A3      430     Reaffirmed
Navsheen Associates                     BG                 CRISIL A4+     70      Reaffirmed

Issuer Not Cooperating
North Bihar Construction Pvt Ltd        BG                 CRISIL A4+     97      Assigned
North Bihar Construction Pvt Ltd        Proposed NFBL      CRISIL A4+     190.7   Assigned
Palghar Plywood Product Pvt Ltd         LOC                CRISIL A3+     71.2    Reaffirmed
Premchand Jute and Industries Pvt Ltd   Letter Of GuaranteeCRISIL A3+     30      Reaffirmed
Proec Energy Ltd                        LOC & BG           CRISIL A2      20      Reaffirmed
Proec Energy Ltd                        Packing Credit     CRISIL A2      80      Reaffirmed
R. N. Bajaj Overseas                    Foreign LOC        CRISIL A4      20      Withdrawn
Issuer Not Cooperating
R.K.Engineers Sales Ltd                 BG                 CRISIL A3+     720     Rating
                                                                                  Migrated
Issuer Not Cooperating
Railsys Engineers Pvt Ltd               BG                 CRISIL A4      10      Assigned
Rishabh Instruments Pvt Ltd             LOC                CRISIL A4+     30      Migrated from
                                                                                  CRISIL A3+
Issuer Not Cooperating
Sanjay Chemicals India Pvt Ltd          LOC                CRISIL A3+     2785    Reaffirmed
Sarita Handa Exports Pvt Ltd            Packing Credit     CRISIL A3+     300     Migrated from
                                                                                  CRISIL A2
Issuer Not Cooperating
Sharp Designers And Engineers India Pvt BG                 CRISIL A4+     40      -
Ltd
Rating reaffirmed and Withdrawn
Sharp Designers And Engineers India Pvt LOC                CRISIL A4+     40      -
Ltd
Rating reaffirmed and Withdrawn
Sharp Designers And Engineers India Pvt Packing Credit     CRISIL A4+     15      -
Ltd
Rating reaffirmed and Withdrawn
Shree Concretes Pvt Ltd                 BG                 CRISIL A4+     5       Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Siyaram Vitrified Pvt Ltd               BG                 CRISIL A4+     24      Withdrawn
SVS Classic Foods                       BG                 CRISIL A4+     1       Reaffirmed
Issuer Not Cooperating
The United Provinces Sugar Co. Ltd      BG                 CRISIL A4      2       Reaffirmed
The United Provinces Sugar Co. Ltd      Import LOC Limit   CRISIL A4      3.5     Reaffirmed
Tibrewala Electronics Ltd               LOC*               CRISIL A2      370     Reaffirmed
*includes cash credit of Rs 18 crore as sublimit to letter of credit
Trinity Cleantech Pvt Ltd               BG                 CRISIL A4+     200     Upgraded from
                                                                                  CRISIL A4
Trinity Cleantech Pvt Ltd               LOC                CRISIL A4+     100     Upgraded from
                                                                                  CRISIL A4
Trinity Cleantech Pvt Ltd               LOC & BG           CRISIL A4+     200     Upgraded from
                                                                                  CRISIL A4
MEDIUM TERM RATINGS:
-------------------

Kuantum Papers Ltd                      FD                 FA-            300     -
Continues on Notice of Withdrwal
Indian Overseas Bank                    FD                 FAA             2000000Reaffirmed
                                        Programme

LONG TERM RATINGS:
-------------------
A.S. Shipping Agencies Pvt Ltd          LT Loan            CRISIL BB+     220     Migrated from
                                                                                  CRISIL BBB-
A.S. Shipping Agencies Pvt Ltd          Overdraft          CRISIL BB+     100     Migrated from
                                                                                  CRISIL BBB-
A.S. Shipping Agencies Pvt Ltd          Proposed LT Bk     CRISIL BB+     20      Migrated from
                                        Loan Fac                                  CRISIL BBB-
A.S. Shipping Agencies Pvt Ltd          Proposed WC Fac    CRISIL BB+     100     Migrated from
                                                                                  CRISIL BBB-
Ajay Hi-Tech Agro Foods                 CC                 CRISIL BB-     220     Upgraded from
                                                                                  CRISIL B+
Ajay Hi-Tech Agro Foods                 LT Loan            CRISIL BB-     6       Upgraded from
                                                                                  CRISIL B+
Akira Projects Pvt Ltd                  Overdraft          CRISIL B       50      Assigned
Amrutvahini Sheti and Shikshan Vikas    CC                 CRISIL BBB-    75      Upgraded from
Sanstha                                                                           CRISIL BB+
Amrutvahini Sheti and Shikshan Vikas    Proposed LT Bk     CRISIL BBB-    75      Upgraded from
Sanstha                                 Loan Fac                                  CRISIL BB+
ASTA India Pvt Ltd                      Bill Discounting   CRISIL BB+     10      Withdrawn
Issuer Not Cooperating
ASTA India Pvt Ltd                      CC                 CRISIL BB+     275     Withdrawn
Issuer Not Cooperating
ASTA India Pvt Ltd                      Proposed LT Bk     CRISIL BB+     55      Withdrawn
                                        Loan Fac
Issuer Not Cooperating
ASTA India Pvt Ltd                      Standby Line of    CRISIL BB+     220     Withdrawn
                                        Credit
Issuer Not Cooperating
Astron Packaging Ltd                    CC                 CRISIL BBB+    220     Reaffirmed
Astron Packaging Ltd                    LT Loan            CRISIL BBB+    418     Reaffirmed
Astron Packaging Ltd                    Proposed LT Bk     CRISIL BBB+    202     Reaffirmed
                                        Loan Fac
Balaji Solutions Ltd                    CC                 CRISIL BBB-    300     Withdrawn
Issuer Not Cooperating
Balaji Solutions Ltd                    Channel Financing  CRISIL BBB-    50      Withdrawn
Issuer Not Cooperating
BCV Developers Pvt Ltd                  TL                 CRISIL BBB+    1900    Withdrawn
Bhaggyam Constructions                  TL                 CRISIL BB      149     Reaffirmed
Bharath Electronics & Appliances        CC                 CRISIL BB+     55      Reaffirmed
Bharath Electronics & Appliances        LT Loan            CRISIL BB+     5       Reaffirmed
BNP Paribas Securities India Pvt Ltd    Overdraft          CRISIL AAA     200     Reaffirmed
Cedar Decor Pvt Ltd                     CC                 CRISIL BBB     250     Reaffirmed
Outlook revised from Stable
Cedar Decor Pvt Ltd                     Proposed WC Fac    CRISIL BBB     51.9    Reaffirmed
Outlook revised from Stable
Cedar Decor Pvt Ltd                     Standby Line of    CRISIL BBB     20      Reaffirmed
                                        Credit
Outlook revised from Stable
Chartered Speed Ltd                     CC                 CRISIL BBB+    170     Reaffirmed
Chartered Speed Ltd                     Drop Line          CRISIL BBB+    20      Reaffirmed
                                        Overdraft Fac
Conc Shade Constructions Pvt Ltd        CC                 CRISIL BB-     75      Withdrawn
Issuer Not Cooperating
Conc Shade Constructions Pvt Ltd        Overdraft          CRISIL BB-     58.5    Withdrawn
Issuer Not Cooperating
DelVal Flow Controls Pvt Ltd            CC                 CRISIL BBB     230     Upgraded from
                                                                                  CRISIL BBB-
DelVal Flow Controls Pvt Ltd            Corporate Loan     CRISIL BBB     5.4     Upgraded from
                                                                                  CRISIL BBB-
DelVal Flow Controls Pvt Ltd            Proposed TL        CRISIL BBB     60.7    Upgraded from
                                                                                  CRISIL BBB-
Desai Construction Pvt Ltd              BG                 CRISIL A-      100     Reaffirmed
Desai Construction Pvt Ltd              Proposed BG        CRISIL A-      150     Assigned
Durian Industries Ltd                   CC                 CRISIL BBB     490     Reaffirmed
Outlook revised from Stable
Durian Industries Ltd                   Proposed WC Fac    CRISIL BBB     13.6    Reaffirmed
Outlook revised from Stable
Durian Industries Ltd                   Standby Line of    CRISIL BBB     40      Reaffirmed
                                        Credit
Outlook revised from Stable
Fortune Marketing Pvt Ltd               CC                 CRISIL BBB-    100     Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
Furnace Fabrica India Ltd               CC                 CRISIL BBB     700     Rating
                                                                                  Migrated
Issuer Not Cooperating
Furnace Fabrica India Ltd               CC#                CRISIL BBB     50      Rating
                                                                                  Migrated
Issuer Not Cooperating,#Interchangeable with letter of credit & bank guarantee

Furnace Fabrica India Ltd               Proposed CC Limit  CRISIL BBB     250     Rating
                                                                                  Migrated
Issuer Not Cooperating
Furnace Fabrica India Ltd               Proposed LT Bk     CRISIL BBB     300     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Furnace Fabrica India Ltd               Rupee TL           CRISIL BBB     112.5   Rating
                                                                                  Migrated
Issuer Not Cooperating
Goldstone Technologies Ltd              Proposed LT Bk     CRISIL B       50      Withdrawn
                                        Loan Fac
Goldstone Technologies Ltd              Overdraft          CRISIL B+      20      Upgraded from
                                                                                  CRISIL B
Goldstone Technologies Ltd              Proposed Overdraft CRISIL B+      30      Upgraded from
                                        Fac                                       CRISIL B
Goyal Agencies Pvt Ltd                  CC                 CRISIL B+      290     Reaffirmed
H.S. Ramesh                             BG                 CRISIL D       40      Downgraded
                                                                                  from CRISIL A4
H.S. Ramesh                             CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B+
H.S. Ramesh                             Proposed LT Bk     CRISIL D       10      Downgraded
                                        Loan Fac                                  from CRISIL B+
Hardev Construction Pvt Ltd             Overdraft          CRISIL BBB     10      Reaffirmed
Hardev Construction Pvt Ltd             TL                 CRISIL BBB     26      Reaffirmed
HPL Additives Ltd                       CC!                CRISIL A-      100     Reaffirmed
! Rs 10 crore from Kotak Mahindra Bank is fully interchangeable with working capital demand
loan, export packing credit, pre-shipment credit in foreign currency, letter of credit, buyers
credit, foreign bill discounting/negotiation, bank guarantee
HPL Additives Ltd                       CC*                CRISIL A-      150     Reaffirmed
*Rs 15 crore from HDFC Bank is fully interchangeable with letter of credit, buyers credit,
export packing credit, pre-post shipment credit in foreign currency
HPL Additives Ltd                       CC#                CRISIL A-      287.5   Reaffirmed
# Rs 28.75 crore from Citi Bank is fully interchangeable with Letter of credit, working capital
demand loan, buyers credit, pre-post shipment export finance, bank guarantee
HPL Additives Ltd                       CC$                CRISIL A-      300     Reaffirmed
$ Rs 30 crore from Yes Bank is fully interchangeable with pre-post shipment credit, letter of
undertaking for buyers credit, foreign letter of credit.
Hussain Sheth Enterprise                Proposed LT Bk     CRISIL BB-     42.5    Assigned
                                        Loan Fac
Hussain Sheth Enterprise                CC                 CRISIL BB-     50      Assigned
Indian Overseas Bank                    Tier-I Perpetual   CRISIL A-              Reaffirmed
                                        Bonds (Under Basel
                                        II)                               30000 
Indian Overseas Bank                    Upper Tier-II      CRISIL A-              Reaffirmed
                                        Bonds (Under Basel
                                        II)                               14770
Indian Overseas Bank                    Rs.300 Crore Tier  CRISIL A+              Assigned
                                        II Bonds (Under
                                        Basel III)
Indian Overseas Bank                    Tier  CRISIL A+                   5000   Reaffirmed
                                        II Bonds (Under
                                        Basel III)
Indian Overseas Bank                    Tier II Bonds      CRISIL A+       11000  Reaffirmed
                                        (Under Basel III)
Indian Overseas Bank                     Lower Tier-II     CRISIL A+       12900  Reaffirmed
                                        Bonds (under Basel
                                        II)   
Isgec Titan Metal Fabricators Pvt Ltd   CC & WC demand loanCRISIL AA(SO)  100     Reaffirmed
Kkalpana Industries (India) Ltd         CC                 CRISIL A-      2600    Reaffirmed
Kkalpana Industries (India) Ltd         TL                 CRISIL A-      581.1   Reaffirmed
Kothari Steel Syndicate                 CC                 CRISIL BB      100     Reaffirmed
Kumar Elastomech Pvt Ltd                CC/ Overdraft Fac  CRISIL BB+     40      Migrated from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Kumar Elastomech Pvt Ltd                LT Loan            CRISIL BB+     38      Migrated from
                                                                                  CRISIL BBB
Issuer Not Cooperating
M/s. Raj Construction Co                CC                 CRISIL BBB-    20      Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
Maa Vaishno Devi Educational Trust      Drop Line          CRISIL D       11.5    Downgraded
                                        Overdraft Fac                             from CRISIL
                                                                                  BB-
Maa Vaishno Devi Educational Trust      Overdraft          CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Madhav Tex Spin Pvt Ltd                 TL                 -              47.4    Withdrawn
Madhav Tex Spin Pvt Ltd                 CC                 CRISIL BB      120     Reaffirmed
Madhav Tex Spin Pvt Ltd                 TL                 CRISIL BB      462.6   Reaffirmed
Maple Mouldings Pvt Ltd                 CC                 CRISIL BBB     112.1   Reaffirmed
Outlook revised from Stable
Maple Mouldings Pvt Ltd                 Standby Line of    CRISIL BBB     21      Reaffirmed
                                        Credit
Outlook revised from Stable
Meghmani Industries Ltd                 CC*                CRISIL A+      1140    Reaffirmed
*Interchangeable with foreign bill purchase and export packing credit for Rs 15.00 crore and Rs
10.0 crore, respectively, includes sublimit for letter of credit for Rs 33 crore 
Meghmani Industries Ltd                 CC**               CRISIL A+      50      Reaffirmed
**Fully interchangeable with demand loan, foreign bill purchase, export packing credit, and
purchase of bills
Meghmani Industries Ltd                 Standby Line of    CRISIL A+      70      Assigned
                                        Credit
Microfinish Valves Pvt Ltd              CC/ Overdraft Fac  CRISIL BB+     400     Rating
                                                                                  Migrated
Issuer Not Cooperating
Microfinish Valves Pvt Ltd              Foreign Bill       CRISIL BB+     50      Rating
                                        Discounting*                              Migrated
Issuer Not Cooperating,*Interchangeable with foreign bill exchange.

Microfinish Valves Pvt Ltd              TL                 CRISIL BB+     290     Rating
                                                                                  Migrated
Issuer Not Cooperating
Mittal Global Cot. Industries           CC                 CRISIL BB      90      Upgraded from
                                                                                  CRISIL BB-
Natvar Construction Co                  CC                 CRISIL BBB-    70      Reaffirmed
Natvar Construction Co                  Proposed LT Bk     CRISIL BBB-    50      Reaffirmed
                                        Loan Fac
Natvar Construction Co                  Secured Overdraft  CRISIL BBB-    20      Assigned
                                        Fac
Navsheen Associates                     CC                 CRISIL BB      15      Reaffirmed
Issuer Not Cooperating
North Bihar Construction Pvt Ltd        Overdraft          CRISIL BB      12.3    Assigned
Om Marble Company                       CC                 CRISIL B       30      Reaffirmed
Om Marble Company                       LT Loan            CRISIL B       37      Reaffirmed
Om Marble Company                       Proposed LT Bk     CRISIL B       8       Assigned
                                        Loan Fac
Palghar Plywood Product Pvt Ltd         CC                 CRISIL BBB     60.2    Reaffirmed
Premchand Jute and Industries Pvt Ltd   CC                 CRISIL BBB     320     Reaffirmed
Premchand Jute and Industries Pvt Ltd   Proposed LT Bk     CRISIL BBB     71.9    Reaffirmed
                                        Loan Fac
Premchand Jute and Industries Pvt Ltd   TL                 CRISIL BBB     78.1    Reaffirmed
Proec Energy Ltd                        Buyer`s Credit     CRISIL BBB+    30      Reaffirmed
Proec Energy Ltd                        Proposed LT Bk     CRISIL BBB+    49.5    Reaffirmed
                                        Loan Fac
R. N. Bajaj Overseas                    Packing Credit     CRISIL B+      130     Withdrawn
Issuer Not Cooperating
R.K.Engineers Sales Ltd                 CC                 CRISIL BBB     30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Railsys Engineers Pvt Ltd               TL                 CRISIL B+      20      Assigned
Railsys Engineers Pvt Ltd               CC                 CRISIL B+      30      Assigned
Rewale Engineering Pvt Ltd              CC                 CRISIL BB-     85      Migrated from
                                                                                  CRISIL BB-
Rewale Engineering Pvt Ltd              Proposed LT Bk     CRISIL BB-     20      Migrated from
                                        Loan Fac                                  CRISIL BB-
Rishabh Instruments Pvt Ltd             CC                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BBBB
Issuer Not Cooperating
Rishabh Instruments Pvt Ltd             TL                 CRISIL BB+     13      Migrated from
                                                                                  CRISIL BBBB
Issuer Not Cooperating
RVM Charitable Trust                    LT Loan            CRISIL BB-     300     Upgraded from
                                                                                  CRISIL B+
S S G Paper Mills LLP                   CC                 CRISIL BB      80      Upgraded from
                                                                                  CRISIL BB-
S S G Paper Mills LLP                   LT Loan            CRISIL BB      40      Upgraded from
                                                                                  CRISIL BB-
S S G Paper Mills LLP                   Proposed LT Bk     CRISIL BB      20      Upgraded from
                                        Loan Fac                                  CRISIL BB-
S. K. Trader                            CC                 CRISIL BB-     61      Withdrawn
S. K. Trader                            Proposed CC Limit  CRISIL BB-     24      Withdrawn
Samruddhi Realty Ltd                    NCD                CRISIL D       750     Rating
                                                                                  Migrated
Issuer Not Cooperating
Sanjay Chemicals India Pvt Ltd          CC                 CRISIL BBB     152.5   Reaffirmed
Outlook revised from Stable
Sanjay Chemicals India Pvt Ltd          CC/ Overdraft Fac  CRISIL BBB     50      Reaffirmed
Outlook revised from Stable
Sanjay Chemicals India Pvt Ltd          Proposed LT Bk     CRISIL BBB     4       Reaffirmed
                                        Loan Fac
Outlook revised from Stable
Sanjay Chemicals India Pvt Ltd          WC Fac             CRISIL BBB     12.5    Assigned
Outlook revised from Stable
Sarita Handa Exports Pvt Ltd            Proposed FB Bk     CRISIL BBB     120     Migrated from
                                        Limits                                    CRISIL BBB+
Issuer Not Cooperating
Saurashtra Ginning Pvt Ltd              CC                 CRISIL B+      67.5    Reaffirmed
Saurashtra Ginning Pvt Ltd              Proposed LT Bk     CRISIL B+      22.5    Reaffirmed
                                        Loan Fac
Shantivijay Jewels Ltd                  Packing Credit     CRISIL BB      200     Reassigned
Sharp Designers And Engineers India Pvt CC                 CRISIL BB      105     -
Ltd
Rating reaffirmed and Withdrawn
Shree Concretes Pvt Ltd                 CC                 CRISIL BB      40      Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
Shree Concretes Pvt Ltd                 Proposed LT Bk     CRISIL BB      50      Migrated from
                                        Loan Fac                                  CRISIL BB
Issuer Not Cooperating
Shree Concretes Pvt Ltd                 TL                 CRISIL BB      5       Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
Shri Saileela Steams                    CC                 CRISIL BB-     115     Reaffirmed
Shri Saileela Steams                    TL                 CRISIL BB-     95      Reaffirmed
Shriniwas Machine Craft Pvt Ltd         CC                 CRISIL BB-     60      Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Shriniwas Machine Craft Pvt Ltd         Proposed LT Bk     CRISIL BB-     85      Migrated from
                                        Loan Fac                                  CRISIL BB-
Issuer Not Cooperating
Siemens Ltd                             CC/ Overdraft Fac  CRISIL AAA     1260    Reaffirmed
Siemens Ltd                             LOC & BG*          CRISIL AAA     51600   Reaffirmed
*The BG facility is interchangeable with Letter of credit
Siyaram Vitrified Pvt Ltd               CC                 CRISIL BB-     100     Withdrawn
Siyaram Vitrified Pvt Ltd               TL                 CRISIL BB-     188.2   Withdrawn
Sree Lakshmi Solvent Extractions        CC                 CRISIL BB-     69      Upgraded from
                                                                                  CRISIL B+
Sree Lakshmi Solvent Extractions        Proposed LT Bk     CRISIL BB-     31      Upgraded from
                                        Loan Fac                                  CRISIL B+
Sri Ramakrishnaa Textiles               CC                 CRISIL BB-     45      Reaffirmed
Sri Ramakrishnaa Textiles               TL                 CRISIL BB-     55      Reaffirmed
Sri Sri Ravishankar Vidya Mandir Trust  Proposed LT Bk     CRISIL BB-     45.9    Upgraded from
(Unit-Sri Sri University)               Loan Fac                                  CRISIL B+
Sri Sri Ravishankar Vidya Mandir Trust  TL                 CRISIL BB-     150     Upgraded from
(Unit-Sri Sri University)                                                         CRISIL B+
Sri Sri Ravishankar Vidya Mandir Trust  Secured Overdraft  CRISIL BB-     45      Upgraded from
(Unit-Sri Sri University)               against term                              CRISIL B+
                                        deposits
SVS Classic Foods                       CC                 CRISIL BB      160     Reaffirmed
Issuer Not Cooperating
The United Provinces Sugar Co. Ltd      CC                 CRISIL B       970     Reaffirmed
The United Provinces Sugar Co. Ltd      Proposed LT Bk     CRISIL B       567.8   Reaffirmed
                                        Loan Fac
The United Provinces Sugar Co. Ltd      TL                 CRISIL B       610     Reaffirmed
Tibrewala Electronics Ltd               Proposed LT Bk     CRISIL BBB+    10      Reaffirmed
                                        Loan Fac
Trinity Cleantech Pvt Ltd               CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL B+
Trinity Cleantech Pvt Ltd               LT Loan            CRISIL BB-     112.5   Upgraded from
                                                                                  CRISIL B+
Trinity Cleantech Pvt Ltd               Open CC            CRISIL BB-     70      Upgraded from
                                                                                  CRISIL B+
Trinity Cleantech Pvt Ltd               Proposed LT Bk     CRISIL BB-     97.5    Upgraded from
                                        Loan Fac                                  CRISIL B+
Uniton Enterprise Pvt Ltd               Proposed LT Bk     CRISIL B+      20      Reaffirmed
                                        Loan Fac
Uniton Enterprise Pvt Ltd               Secured Overdraft  CRISIL B+      80      Reaffirmed
                                        Fac
Valikulam Rubber Traders                CC                 CRISIL B       30      Reaffirmed
Issuer Not Cooperating
Valikulam Rubber Traders                Key CC             CRISIL B       30      Reaffirmed
Issuer Not Cooperating
Virchand Narsi Cotton Pvt Ltd           CC                 CRISIL B+      265     Migrated from
                                                                                  CRISIL B
Issuer Not Cooperating
Vishnu Sugar Mills Ltd                  CC                 CRISIL BB+     750     Withdrawn
Issuer Not Cooperating
Vishnu Sugar Mills Ltd                  TL                 CRISIL BB+     105.7   Withdrawn
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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