July 31, 2020 / 8:18 AM / 7 days ago

CRISIL ratings for Indian debt instruments-Jul 31

   Jul 31 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of July 30, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
ABS Marine Services Pvt Ltd            BG                CRISIL A3     60     Reaffirmed
AFPL Global Pvt Ltd                    BG                CRISIL A3+    2.5    Reaffirmed
AFPL Global Pvt Ltd                    Export Packing    CRISIL A3+    12.5   Reaffirmed
                                       Credit
AFPL Global Pvt Ltd                    Foreign Bill      CRISIL A3+    210    Reaffirmed
                                       Discounting
AFPL Global Pvt Ltd                    Foreign Bill      CRISIL A3+    150    Reaffirmed
                                       Negotiation
AFPL Global Pvt Ltd                    LOC               CRISIL A3+    2.5    Reaffirmed
AFPL Global Pvt Ltd                    Proposed Export   CRISIL A3+    7.5    Reaffirmed
                                       Packing Credit
AFPL Global Pvt Ltd                    Proposed ST Bk    CRISIL A3+    15.1   Reaffirmed
                                       Loan Fac
AFPL Global Pvt Ltd                    Standby Line of   CRISIL A3+    24.5   Reaffirmed
                                       Credit
Apnatech Consultancy Services Pvt Ltd  BG                CRISIL A4+    130    Reaffirmed
Bharti Infratel Ltd                    CP                CRISIL A1+    60000  -
Cenerg Global Tools Pvt Ltd            Packing Credit in CRISIL A3     120    Reaffirmed
                                       Foreign Currency
Cenerg Global Tools Pvt Ltd            Proposed ST Bk    CRISIL A3     20     Assigned
                                       Loan Fac
Chandra Prabhu International Ltd       LOC & BG          CRISIL A4     120    Reaffirmed
(Issuer Not Cooperating)
Chemrow India Pvt Ltd                  Foreign LOC       CRISIL A4+    330    Reaffirmed
(Issuer Not Cooperating)
Cipriani Harrison Valves Pvt Ltd       BG                CRISIL A3     2.4    Reaffirmed
(Issuer Not Cooperating)
Competent Automobiles Co. Ltd          BG                CRISIL A4+    25     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A2')
Cottony Fashions                       Packing Credit    CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd    LOC               CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Croda India Company Pvt Ltd            LOC & BG          CRISIL A1     78     Reaffirmed
Cyient DLM Pvt Ltd                     LOC & BG          CRISIL A1+    1200   Reaffirmed
Cyient Ltd                             BG                CRISIL A1+    150    Reaffirmed
Cyient Ltd                             LOC               CRISIL A1+    50     Reaffirmed
Cyient Ltd                             Loan Equivalent   CRISIL A1+    100    Reaffirmed
                                       Risk Limits
Cyient Ltd                             Packing Credit    CRISIL A1+    300    Reaffirmed
Cyient Ltd                             Packing Credit in CRISIL A1+    300    Reaffirmed
                                       Foreign Currency
Dayal Steels Ltd                       BG                CRISIL A4+    23.8   Reaffirmed
(Issuer Not Cooperating)
Dayal Steels Ltd                       Inland/Import LOC CRISIL A4+    8      Reaffirmed
(Issuer Not Cooperating)
Deep Industries                        Bill Discounting  CRISIL A4     70     -
                                       under LOC
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
DLF Ltd                                BG                CRISIL A1     6000   Reaffirmed
DLF Ltd                                LOC               CRISIL A1     5420   Reaffirmed
DLF Ltd                                ST Loan           CRISIL A1     8370   Reaffirmed
Eleganz Interiors Pvt Ltd              BG                CRISIL A4+    360    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Eleganz Interiors Pvt Ltd              Bills             CRISIL A4+    80     -
                                       Discount/Cheque
                                       Purchase
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Encardio Rite Electronics Pvt Ltd      BG                CRISIL A4+    60     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A2')
GCKC Projects and Works Pvt Ltd        BG                CRISIL A3+    1170   Reaffirmed
GCKC Projects and Works Pvt Ltd        LOC               CRISIL A3+    70     Reaffirmed
GCKC Projects and Works Pvt Ltd        LOC Bill          CRISIL A3+    40     Reaffirmed
                                       Discounting
GSS Infotech Ltd                       BG                CRISIL A4     32.5   Reaffirmed
(Issuer Not Cooperating)
INFINA Finance Pvt Ltd                 CP                CRISIL A1+    12000  Reaffirmed
INFINA Finance Pvt Ltd                 CP*               CRISIL A1+    150000 Withdrawn
(*Assigned for initial public offering/ open offer financing on episodic basis and/or
application on proprietary account)
K.R.C. Infraprojects Pvt Ltd           BG                CRISIL A3     50     Reaffirmed
Lauls Ltd                              BG                CRISIL A3+    50     Reaffirmed
Lauls Ltd                              LOC               CRISIL A3+    50     Reaffirmed
Manish Vinyls Pvt Ltd                  Import LOC Limit  CRISIL A4+    265    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Maruti Ferrous Pvt Ltd                 Proposed ST Bk    CRISIL A4+    10     -
                                       Loan Fac
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3+')
Mg Polyplast Industries Pvt Ltd        LOC               CRISIL A4+    168    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Milestone Corporation - Ghaziabad      BG                CRISIL A4+    90     Reaffirmed
Neon Laboratories Ltd                  BG                CRISIL A2     60     Reaffirmed
Neon Laboratories Ltd                  LOC               CRISIL A2     40     Reaffirmed
Neon Laboratories Ltd                  LOC & BG          CRISIL A2     20     Reaffirmed

New Jehlum Construction Co             BG                CRISIL A4+    25     Reaffirmed
NIIT Technologies Ltd                  LOC*              CRISIL A1+    1980   Reaffirmed
(*Interchangeable with bank guarantee)
North East Nutrients Pvt Ltd           BG                CRISIL A1+    200    Reaffirmed
Nuova Shoes                            Foreign Bill      CRISIL A4+    10     -
                                       Discounting
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3)
Nuova Shoes                            LOC               CRISIL A4+    10     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Nuova Shoes                            Packing Credit    CRISIL A4+    150    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Oricon Enterprises Ltd                 LOC               CRISIL A2+    1000   Reaffirmed
Pakiza Retail Pvt Ltd                  BG                CRISIL A4+    2      Assigned
Pareena Infrastructures Pvt Ltd        BG                CRISIL A4+    150    Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
PI Industries Ltd                      LOC & BG          CRISIL A1+    2800   Reaffirmed
Polyspin Exports Ltd                   Buyer`s Credit    CRISIL A4     107.2  Reaffirmed
(Issuer Not Cooperating)
Polyspin Exports Ltd                   Foreign Bill      CRISIL A4     82     Reaffirmed
                                       Discounting
(Issuer Not Cooperating)
Polyspin Exports Ltd                   Inland/Import LOC CRISIL A4     8.5    Reaffirmed
(Issuer Not Cooperating)
Polyspin Exports Ltd                   Packing Credit    CRISIL A4     62.5   Reaffirmed
(Issuer Not Cooperating)
Polyspin Exports Ltd                   ST Bk Fac         CRISIL A4     55     Reaffirmed
(Issuer Not Cooperating)
Raja Udyog Pvt Ltd                     Export Bill       CRISIL A4+    2.6    -
                                       Purchase
                                       -Discounting
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3+)
Raja Udyog Pvt Ltd                     Overdraft         CRISIL A4+    200    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3+)
Regency Hospital Ltd                   LOC & BG          CRISIL A3     27.5   Reaffirmed
S. T. Constructions Pvt Ltd            BG                CRISIL A4+    290    Assigned
Sarr Freights Corporation              BG                CRISIL A4+    60     Reaffirmed
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Savita Oil Technologies Ltd            LOC & BG          CRISIL A1+    8579   Reaffirmed
Savita Polymers Ltd                    BG*               CRISIL A1     32     Reaffirmed
(*Fully interchangeable with letter of credit)
Savita Polymers Ltd                    Foreign Exchange  CRISIL A1     6      Reaffirmed
                                       Forward
Savita Polymers Ltd                    LOC               CRISIL A1     423    Reaffirmed
Servotech Power Systems Ltd            BG                CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
Servotech Power Systems Ltd            LOC               CRISIL A4     75     Reaffirmed
(Issuer Not Cooperating)
Suryalata Spinning Mills Ltd           Foreign Exchange  CRISIL A4     5.2    -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Suryalata Spinning Mills Ltd           LOC               CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Swastik Pipe Ltd                       Bill Discounting  CRISIL A4+    100    -
                                       under LOC
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Swastik Pipe Ltd                     Letter Of Guarantee CRISIL A4+    146.5  -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Swastik Pipe Ltd                       LOC & BG          CRISIL A4+    403.5  -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Swastik Pipe Ltd                       Proposed NFBL     CRISIL A4+    150    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
Tara Educational Trust                 Overdraft         CRISIL A4+    60     Reaffirmed
(Issuer Not Cooperating)
Trident Infosol Pvt Ltd                LOC & BG          CRISIL A3     150    Reaffirmed
Trident Infosol Pvt Ltd                Proposed NFBL     CRISIL A3     10     Reaffirmed
Tryshoera India Pvt Ltd                Bill Discounting  CRISIL A4+    83     Reaffirmed
(Issuer Not Cooperating)
Tryshoera India Pvt Ltd                Foreign Exchange  CRISIL A4+    60     Reaffirmed
                                       Forward
(Issuer Not Cooperating)
Tryshoera India Pvt Ltd                LOC               CRISIL A4+    1      Reaffirmed
(Issuer Not Cooperating)
Tryshoera India Pvt Ltd                Packing Credit    CRISIL A4+    40     Reaffirmed
(Issuer Not Cooperating)
Tryshoera India Pvt Ltd                Proposed ST Bk    CRISIL A4+    16     Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
TTK Prestige Ltd                       LOC & BG          CRISIL A1+    600    Assigned
VHB Life Sciences Ltd                  BG                CRISIL A4+    5      Reaffirmed
VHB Life Sciences Ltd                  Inland/Import LOC CRISIL A4+    150    Reaffirmed
VHB Medisciences Ltd                   BG                CRISIL A4+    40     Reaffirmed
VHB Medisciences Ltd                   Inland/Import LOC CRISIL A4+    60     Reaffirmed
 
LONG TERM RATINGS:
-------------------
ABS Marine Services Pvt Ltd            Proposed LT Bk    CRISIL        84.2   Reaffirmed
                                       Loan Fac          BBB-/Stable
AFPL Global Pvt Ltd                    LT Loan           CRISIL        42.5   Reaffirmed
                                                         BBB/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Amba Grains Pvt Ltd                    CC                CRISIL        450    -
                                                         BB/Stable
(Upgraded from 'CRISIL BB-/Stable')
Amba Grains Pvt Ltd                    LT Loan           CRISIL        20     -
                                                         BB/Stable
(Upgraded from 'CRISIL BB-/Stable')
Amba Grains Pvt Ltd                    Proposed WC Fac   CRISIL        5      -
                                                         BB/Stable
(Upgraded from 'CRISIL BB-/Stable')
Amba Grains Pvt Ltd                    WC TL             CRISIL        45     -
                                                         BB/Stable
(Upgraded from 'CRISIL BB-/Stable')
Ambey Roller Flour Mills               CC                CRISIL        60     Reaffirmed
                                                         B+/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING)
Apnatech Consultancy Services Pvt Ltd  CC                CRISIL        22     Reaffirmed
                                                         BB/Stable
Apnatech Consultancy Services Pvt Ltd  Proposed LT Bk    CRISIL        38     Reaffirmed
                                       Loan Fac          BB/Stable
Bangalore International Airport Ltd    CC                CRISIL        500    Reaffirmed
                                                         AA/Negative
Bangalore International Airport Ltd    Proposed LT Bk    CRISIL        442.6  Reaffirmed
                                       Loan Fac          AA/Negative
Bangalore International Airport Ltd    TL                CRISIL        120197.Reaffirmed
                                                         AA/Negative
Bimal Auto Agency                      CC                CRISIL        200    Reaffirmed
                                                         BBB/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Bimal Auto Agency                      Inventory Funding CRISIL        400    Reaffirmed
                                       Fac               BBB/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Burnpur Cement Ltd                     BG                CRISIL D      15     Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     CC                CRISIL D      137    Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     LOC               CRISIL D      10     Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     Proposed BG       CRISIL D      15     Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     Proposed CC Limit CRISIL D      113    Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     Proposed LOC      CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Burnpur Cement Ltd                     TL                CRISIL D      1250   Reaffirmed
(Issuer Not Cooperating)
Cenerg Global Tools Pvt Ltd            Foreign Currency  CRISIL        88     Reaffirmed
                                       Term Loan         BBB-/Stable
Cenerg Global Tools Pvt Ltd            Proposed LT Bk    CRISIL        32     Reaffirmed
                                       Loan Fac          BBB-/Stable
Chandra Prabhu International Ltd       CC                CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Chandra Prabhu International Ltd       Proposed LT Bk    CRISIL        60     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Chemrow India Pvt Ltd                  CC                CRISIL        50     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Cipriani Harrison Valves Pvt Ltd       CC                CRISIL        30     Reaffirmed
                                                         BBB-/Stable
(Issuer Not Cooperating)
Cipriani Harrison Valves Pvt Ltd       Proposed FB Bk    CRISIL        22.6   Reaffirmed
                                       Limits            BBB-/Stable
(Issuer Not Cooperating)
Cipriani Harrison Valves Pvt Ltd       Rupee TL          CRISIL        25     Reaffirmed
                                                         BBB-/Stable
(Issuer Not Cooperating)
Competent Automobiles Co. Ltd          CC                CRISIL        463    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Positive)
Competent Automobiles Co. Ltd          Inventory Funding CRISIL        1170   -
                                       Fac               BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Positive')
Competent Automobiles Co. Ltd          Proposed FB Bk    CRISIL        2      -
                                       Limits            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Positive')
Cottony Fashions                       Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd    CC                CRISIL C      25     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
Cozy Touch Poly Foams India Pvt Ltd    Proposed LT Bk    CRISIL C      10.3
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
Cozy Touch Poly Foams India Pvt Ltd    TL                CRISIL C      4.7
(ISSUER NOT COOPERATING; Revised from 'CRISIL B+/Stable)
Croda India Company Pvt Ltd            CC*               CRISIL        80     Reaffirmed
                                                         A+/Stable
(*Fully convertible into packing credit, supplier's credit, and other fund-based facilities)
Croda India Company Pvt Ltd            Proposed WC Fac   CRISIL        82     Reaffirmed
                                                         A+/Stable
Cyient DLM Pvt Ltd                     CC#               CRISIL AA     970    Reaffirmed
(#Fully interchangeable with Non Fund based facility)
Cyient DLM Pvt Ltd                     CC^               CRISIL AA     800    Reaffirmed
(^Interchangeable with Non Fund based facility upto 40Cr.)
Cyient DLM Pvt Ltd                     CC*               CRISIL AA     600    Reaffirmed
(*Interchangeable with Non Fund based facility upto 30Cr.)
Cyient DLM Pvt Ltd                     Proposed LT Bk    CRISIL AA     344.2  Reaffirmed
                                       Loan Fac
Cyient DLM Pvt Ltd                     TL                CRISIL AA     15.8   Reaffirmed
Dayal Steels Ltd                       CC                CRISIL        68.2   Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Deep Industries                        CC                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Devon Foods Ltd                        CC                CRISIL        56     Reaffirmed
                                                         B/Stable
Devon Foods Ltd                        LT Loan           CRISIL        4.5    Reaffirmed
                                                         B/Stable
Devon Foods Ltd                        Proposed LT Bk    CRISIL        36.5   Reaffirmed
                                       Loan Fac          B/Stable
DLF Ltd                                Overdraft         CRISIL        3280   Reaffirmed
                                                         A+/Stable
DLF Ltd                                TL                CRISIL        8760   Reaffirmed
                                                         A+/Stable
Ekta Rice Land                         CC                CRISIL        60     Reaffirmed
                                                         BB-/Stable
Ekta Rice Land                         Rupee TL          CRISIL        60     Reaffirmed
                                                         BB-/Stable
Eleganz Interiors Pvt Ltd              Bill Discounting  CRISIL        50     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Eleganz Interiors Pvt Ltd              CC                CRISIL        241.5  -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Eleganz Interiors Pvt Ltd              CC/ Overdraft Fac CRISIL        100    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Eleganz Interiors Pvt Ltd              Proposed LT Bk    CRISIL        183.5  -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Encardio Rite Electronics Pvt Ltd      BG                -             50     Withdrawn
(Issuer Not Cooperating)
Encardio Rite Electronics Pvt Ltd      Proposed ST Bk    -             40     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Five Core Electronics Ltd              Bill Discounting  CRISIL D      530    Reaffirmed
(Issuer Not Cooperating)
Five Core Electronics Ltd              CC                CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Five Core Electronics Ltd              Packing Credit    CRISIL D      150    Reaffirmed
(Issuer Not Cooperating)
Five Core Electronics Ltd              Packing Credit in CRISIL D      190    Reaffirmed
                                       Foreign Currency
(Issuer Not Cooperating)
G.R. International (INC)               CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
G.S. Auto International Ltd            Foreign Currency  -             240    Withdrawn
(Issuer Not Cooperating)               Term loan
G.S. Auto International Ltd            TL                -             47.6   Withdrawn
(Issuer Not Cooperating)
G.S. Auto International Ltd            BG                CRISIL D      25     Reaffirmed
(Issuer Not Cooperating)
G.S. Auto International Ltd            CC                CRISIL D      272.5  Reaffirmed
(Issuer Not Cooperating)
G.S. Auto International Ltd            LOC               CRISIL D      15     Reaffirmed
(Issuer Not Cooperating)
G.S. Auto International Ltd            Proposed LT Bk    CRISIL D      237.4  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
G.S. Auto International Ltd            TL                CRISIL D      12.5   Reaffirmed
(Issuer Not Cooperating)
GCKC Projects and Works Pvt Ltd        CC                CRISIL        310    Reaffirmed
                                                         BBB/Stable
GCKC Projects and Works Pvt Ltd        Overdraft         CRISIL        10     Reaffirmed
                                                         BBB/Stable
GCKC Projects and Works Pvt Ltd        TL                CRISIL        150    Reaffirmed
                                                         BBB/Stable
GSS Infotech Ltd                       Proposed LT Bk    CRISIL        494    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
GSS Infotech Ltd                       WC TL             CRISIL        73.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Gurudeva Charitable Trust              Proposed LT Bk    CRISIL        45     Reaffirmed
                                       Loan Fac          B/Stable
Gurudeva Charitable Trust              Secured Overdraft CRISIL        60     Reaffirmed
                                       Fac               B/Stable
Gurudeva Charitable Trust              TL                CRISIL        105    Reaffirmed
                                                         B/Stable
Gurudeva Charitable Trust              WC Demand Loan    CRISIL        60     Reaffirmed
                                                         B/Stable
JMT Auto Ltd                           BG                CRISIL D      10     Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           Bill Discounting  CRISIL D      10     Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           CC                CRISIL D      670    Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           LOC               CRISIL D      440    Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           Rupee TL          CRISIL D      240    Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           TL                CRISIL D      550    Reaffirmed
(Issuer Not Cooperating)
JMT Auto Ltd                           WC TL             CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
K.R.C. Infraprojects Pvt Ltd           CC                CRISIL        110    Reaffirmed
                                                         BBB-/Negative
K.R.C. Infraprojects Pvt Ltd           Proposed LT Bk    CRISIL        90     Reaffirmed
                                       Loan Fac          BBB-/Negative
Konark Gujarat PV Pvt Ltd              TL                CRISIL        460    -
                                                         BBB+/Negative
(Downgraded from 'CRISIL A-/Stable')
Lauls Ltd                              CC                CRISIL        300    Reaffirmed
                                                         BBB/Stable
Lauls Ltd                              LT Loan           CRISIL        240    Reaffirmed
                                                         BBB/Stable
Lauls Ltd                              Overdraft         CRISIL        190    Reaffirmed
                                                         BBB/Stable
Linga Bhairavi Enterprises             CC                CRISIL        40     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Linga Bhairavi Enterprises             TL                CRISIL        30     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Maa Mundeshwari Motors Pvt Ltd         CC                CRISIL        90     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Maa Mundeshwari Motors Pvt Ltd         Proposed WC Fac   CRISIL        60     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Mahle Anand Thermal Systems Pvt Ltd  CC & WC demand loan CRISIL        200    Reaffirmed
                                                         A+/Stable
Mahle Anand Thermal Systems Pvt Ltd    FB Fac^           CRISIL        400    Reaffirmed
                                                         A+/Stable
(^Interchangeable with working capital loan upto Rs 30 crore or with buyers credit upto Rs 40
crore)
Mahle Anand Thermal Systems Pvt Ltd    FB Fac            CRISIL        100    Reaffirmed
                                                         A+/Stable
Manish Vinyls Pvt Ltd                  CC                CRISIL        40     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Manish Vinyls Pvt Ltd                  Export Packing    CRISIL        300    -
                                       Credit            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Manish Vinyls Pvt Ltd                  Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Maruti Ferrous Pvt Ltd                 CC                CRISIL        320    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
Maruti Ferrous Pvt Ltd                 Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
Meringue Hotels Pvt Ltd                LOC               CRISIL A-     50     Withdrawn
Meringue Hotels Pvt Ltd                Overdraft         CRISIL A-     100    Withdrawn
Meringue Hotels Pvt Ltd                TL                CRISIL A-     2000   Withdrawn
Mg Polyplast Industries Pvt Ltd        CC                CRISIL        180    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Mg Polyplast Industries Pvt Ltd        Proposed LT Bk    CRISIL        96     -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Mg Polyplast Industries Pvt Ltd        TL                CRISIL        56     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Milestone Corporation - Ghaziabad      CC                CRISIL        10     Reaffirmed
                                                         BB-/Stable
Milestone Corporation - Ghaziabad      Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          BB-/Stable
Mobile Telecommunications Ltd          Overdraft         CRISIL D      140    Reaffirmed
(Issuer Not Cooperating)
Modern Steel Ltd                       CC                CRISIL D      730    Reaffirmed
(Issuer Not Cooperating)
Modern Steel Ltd                       Funded Interest TL CRISIL D     102    Reaffirmed
(Issuer Not Cooperating)
Modern Steel Ltd                       LOC               CRISIL D      515    Reaffirmed
(Issuer Not Cooperating)
Modern Steel Ltd                       TL                CRISIL D      418.8  Reaffirmed
(Issuer Not Cooperating)
Modern Steel Ltd                       WC TL             CRISIL D      389    Reaffirmed
(Issuer Not Cooperating)
Muthoot Fincorp Ltd                    NCDs              CRISIL AA+    -      Reaffirmation
                                                         (CE)/Stable
Neon Laboratories Ltd                  CC                CRISIL        970    Reaffirmed
                                                         BBB+/Positive
Neon Laboratories Ltd                  TL                CRISIL        365    Reaffirmed
                                                         BBB+/Positive
New Jehlum Construction Co             Secured Overdraft CRISIL        70     Reaffirmed
                                       Fac               BB-/Stable
NIIT Technologies Ltd                  CC                CRISIL        820    Reaffirmed
                                                         AA/Stable
NIIT Technologies Ltd                  Proposed LT Bk    CRISIL        200    Reaffirmed
                                       Loan Fac          AA/Stable
North East Nutrients Pvt Ltd           LT Loan           CRISIL        730    Reaffirmed
                                                         A+/Stable
Oricon Enterprises Ltd                 CC                CRISIL        950    Reaffirmed
                                                         A-/Stable
Orissa Stevedores Ltd                  LT Loan           CRISIL D      740    Reaffirmed
(Issuer Not Cooperating)
P Manoharlal Jewellers and Exporters   CC                CRISIL        100    Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Pakiza Retail Pvt Ltd                  CC                CRISIL        130    Assigned
                                                         BB/Stable
Patel Incorporation                    Overdraft         CRISIL        74     Reaffirmed
                                                         BB-/Stable
Patel Incorporation                    Proposed LT Bk    CRISIL        1      Reaffirmed
                                       Loan Fac          BB-/Stable
PHI Learning Pvt Ltd                   CC/ Overdraft Fac CRISIL        80     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
PI Industries Ltd                    CC & WC demand loan CRISIL        4200   -
                                                         AA+/Stable
(Upgraded from 'CRISIL AA/Positive')
Polyspin Exports Ltd                   CC                CRISIL        63.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Polyspin Exports Ltd                   TL                CRISIL        119.4  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
PVM Technologies Pvt Ltd               BG                CRISIL D      40     -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
PVM Technologies Pvt Ltd               CC                CRISIL D      40     -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
Raja Udyog Pvt Ltd                     CC                CRISIL        560    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Raja Udyog Pvt Ltd                     TL                CRISIL        80     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Regency Hospital Ltd                   CC                CRISIL        274    Reaffirmed
                                                         BBB-/Stable
Regency Hospital Ltd                   LT Loan           CRISIL        33.5   Reaffirmed
                                                         BBB-/Stable
Regency Hospital Ltd                   TL                CRISIL        1595   Reaffirmed
                                                         BBB-/Stable
Ruby Cables Ltd                        BG                CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Ruby Cables Ltd                        CC                CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
Ruby Cables Ltd                        Proposed LT Bk    CRISIL D      43.5   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Ruby Cables Ltd                        TL                CRISIL D      76.5   Reaffirmed
(Issuer Not Cooperating)
S. T. Constructions Pvt Ltd            Proposed LT Bk    CRISIL        20     Assigned
                                       Loan Fac          BB/Stable
S. T. Constructions Pvt Ltd            CC                CRISIL        50     Assigned
                                                         BB/Stable
Sandhu Automobiles Pvt Ltd             CC                CRISIL        120    Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Sandhu Automobiles Pvt Ltd             Standby Line of   CRISIL        10     Reaffirmed
                                       Credit            BB+/Stable
(Issuer Not Cooperating)
Saraf Chemicals Pvt Ltd                CC                CRISIL        60     Withdrawn
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable'; Rating Withdrawn)
Saraf Chemicals Pvt Ltd                Export Packing    CRISIL        180    Withdrawn
                                       Credit            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable'; Rating Withdrawn)
Saraf Chemicals Pvt Ltd                LOC               CRISIL        120    Withdrawn
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable'; Rating Withdrawn)
Saraf Chemicals Pvt Ltd                LT Loan           CRISIL        106    Withdrawn
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable'; Rating Withdrawn)
Saraf Chemicals Pvt Ltd                Proposed LT Bk    CRISIL        109    Withdrawn
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable'; Rating Withdrawn)
Sarr Freights Corporation              CC/ Overdraft Fac CRISIL        110    Reaffirmed
                                                         BB/Stable
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING')
Savita Oil Technologies Ltd            CC                CRISIL        600    Reaffirmed
                                                         AA-/Stable
Savita Polymers Ltd                    CC@               CRISIL        80     Reaffirmed
                                                         A/Stable
(@Interchangeable with export packing credit/export bills receivable/foreign bill discounting,
and packing credit in foreign currency)
Savita Polymers Ltd                    CC                CRISIL        30     Reaffirmed
                                                         A/Stable
Savita Polymers Ltd                    Standby Line of   CRISIL        62.4   Reaffirmed
                                       Credit^           A/Stable
(^Fully interchangeable with fund-based and non-fund-based limits)
School of Management Sciences          Overdraft         CRISIL        100    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
School of Management Sciences          Proposed LT Bk    CRISIL        38.7   -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable')
Servotech Power Systems Ltd            CC                CRISIL        62.6   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Servotech Power Systems Ltd            Loan Against      CRISIL        22.4   Reaffirmed
                                       Property          B+/Stable
(Issuer Not Cooperating)
Shri Saileela Steams                   CC                CRISIL        55     Reaffirmed
                                                         BB-/Stable
Shri Saileela Steams                   TL                CRISIL        95     Reaffirmed
                                                         BB-/Stable
Shri Saileela Steams                  Warehouse Receipts CRISIL        60     Assigned
                                                         BB-/Stable
Shyam Coal Corporation                 CC                -             140    Withdrawn
(Issuer Not Cooperating)
Sturdy Industries Ltd                  CC                CRISIL D      700    Reaffirmed
(Issuer Not Cooperating)
Sturdy Industries Ltd                  Funded Interest TL CRISIL D     262.1  Reaffirmed
(Issuer Not Cooperating)
Sturdy Industries Ltd                  LOC & BG          CRISIL D      1419   Reaffirmed
(Issuer Not Cooperating)
Sturdy Industries Ltd                  Proposed CC Limit CRISIL D      1.3    Reaffirmed
(Issuer Not Cooperating)
Sturdy Industries Ltd                  TL                CRISIL D      186    Reaffirmed
(Issuer Not Cooperating)
Sturdy Industries Ltd                  WC TL             CRISIL D      750.9  Reaffirmed
(Issuer Not Cooperating)
Sukra Jewels                           CC                CRISIL        150    Reaffirmed
                                                         BB-/Stable
Suryalata Spinning Mills Ltd           CC                CRISIL        350    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suryalata Spinning Mills Ltd           Foreign Currency  CRISIL        61.8   -
                                       Term loan         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suryalata Spinning Mills Ltd           LT Loan           CRISIL        43.1   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suryalata Spinning Mills Ltd           Standby Line of   CRISIL        56     -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Swastik Pipe Ltd                       CC                CRISIL        1030   -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Swastik Pipe Ltd                       Proposed FB Bk    CRISIL        155.1  -
                                       Limits            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Swastik Pipe Ltd                       TL                CRISIL        14.9   -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Tara Educational Trust                 Proposed FB Bk    CRISIL        20     Reaffirmed
                                       Limits            BB-/Stable
(Issuer Not Cooperating)
The Mysore Paper Mills Ltd             BG                CRISIL D      10     Reaffirmed
(Issuer Not Cooperating)
The Mysore Paper Mills Ltd             CC                CRISIL D      450    Reaffirmed
(Issuer Not Cooperating)
The Mysore Paper Mills Ltd             LOC               CRISIL D      550    Reaffirmed
(Issuer Not Cooperating)
The Satya Educational Society          LT Loan           CRISIL        250    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
TJS Hotels                             Overdraft         CRISIL        100    Reaffirmed
                                                         B+/Stable
Transline Air Cargo Services Pvt.Ltd.  Overdraft         CRISIL        220    -
                                                         BBB+/Stable
Trident Infosol Pvt Ltd                CC                CRISIL        90     Reaffirmed
                                                         BBB-/Stable
TTK Prestige Ltd                       CC                -             340    Withdrawn
TTK Prestige Ltd                       CC                CRISIL        760    Reaffirmed
                                                         AA/Stable
VHB Life Sciences Ltd                  CC                CRISIL        320    Reaffirmed
                                                         BB+/Stable
VHB Life Sciences Ltd                  Proposed LT Bk    CRISIL        525    Reaffirmed
                                       Loan Fac          BB+/Stable
VHB Medisciences Ltd                   CC                CRISIL        138.4  Reaffirmed
                                                         BB+/Stable
VHB Medisciences Ltd                   Proposed LT Bk    CRISIL        348.7  Reaffirmed
                                       Loan Fac          BB+/Stable
VHB Medisciences Ltd                   TL                CRISIL        213.7  Reaffirmed
                                                         BB+/Stable
VHB Medisciences Ltd                   WC Demand Loan    CRISIL        161.6  Reaffirmed
                                                         BB+/Stable
VHB Medisciences Ltd                   WC TL             CRISIL        337.6  Reaffirmed
                                                         BB+/Stable
Yelahanka - AP Border Tollways Pvt Ltd Proposed LT Bk    CRISIL        11.7   -
                                       Loan Fac          BB/Stable
Yelahanka - AP Border Tollways Pvt Ltd TL                CRISIL        1988.3 -
                                                         BB/Stable
--------------------------------------------------------------------------------------------
$: 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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