June 18, 2020 / 8:02 AM / 25 days ago

CRISIL ratings for Indian debt instruments-Jun 18

   Jun 18 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of June 17, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Anjalee Rocks                          Packing Credit    CRISIL A4     50     Assigned
ASI Industries Ltd                     LOC               CRISIL A4+    250    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Auto Mech (India) Pvt Ltd              CC                CRISIL A4+    50     -
(Rating reaffirmed and Withdrawn)
Auto Mech (India) Pvt Ltd              Overdraft         CRISIL A4+    30     -
(Rating reaffirmed and Withdrawn)
Auto Mech (India) Pvt Ltd              TL                CRISIL A4+    760    -
(Rating reaffirmed and Withdrawn)
BSG Infrastructure                     BG                CRISIL A4     100    Reaffirmed
(Issuer Not Cooperating)
Flovel Energy Pvt Ltd                  BG                CRISIL A3+    815    Reaffirmed
Flovel Energy Pvt Ltd                  LOC               CRISIL A3+    475    Reaffirmed
GMR Air Cargo and Aerospace Engineering WC Fac           CRISIL A1+    300    Reaffirmed
Ltd
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
GMR Hyderabad International Airport Ltd CP               CRISIL A1+    3500   Reaffirmed
Green Gold Timbers Pvt Ltd             Import LOC Limit  CRISIL A4     145    Reaffirmed
Green Gold Timbers Pvt Ltd             Proposed NFBL     CRISIL A4     190    Assigned
Green Valley Beverages India Pvt Ltd   Overdraft         CRISIL A4+    17.5   Reaffirmed
Hero FinCorp Ltd                       CP                CRISIL A1+    60000  -
Hubergroup India Pvt Ltd               CP                CRISIL A1+    400    Reaffirmed
IEE Projects Pvt Ltd                   BG                CRISIL A4     32.5   Reaffirmed
(Migrated from 'CRISIL A4)
Inox World Industries Pvt Ltd          BG                CRISIL A4     2      Reaffirmed
(Issuer Not Cooperating)
Inox World Industries Pvt Ltd          Packing Credit    CRISIL A4     62.5   Reaffirmed
(Issuer Not Cooperating)
Inox World Industries Pvt Ltd          Post Shipment     CRISIL A4     20     Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Intelux Electronics Pvt Ltd            BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Intelux Electronics Pvt Ltd            LOC               CRISIL A4     25     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
J. K. Infcon Pvt Ltd                   BG                CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
Jagannath Plastipacks Ltd              Factoring/        CRISIL A4     20     Reaffirmed
                                       Forfaiting
(Issuer Not Cooperating)
Jagdamba Ispat Pvt Ltd                 BG                CRISIL A4     12.8   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Jaihind Automation Pvt Ltd             LOC               CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Janam Diamonds Pvt Ltd                 Foreign Exchange  CRISIL A4     24     -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Janam Diamonds Pvt Ltd                 Post Shipment     CRISIL A4     180    -
                                       Credit
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Jeya Engineering And Infrastructures   BG                CRISIL A4     30     Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Jindal Wood Products Pvt Ltd           LOC               CRISIL A4     170    Reaffirmed
(Issuer Not Cooperating)
Jindal Wood Products Pvt Ltd           Packing Credit    CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
JSR and Company Civil Contractors      BG                CRISIL A4     49     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
K.L. Concast Pvt Ltd                   BG                CRISIL A4     130    -
(Issuer Not Cooperating)
K.S.R. Seeds                           BG                CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Kaaizeen Meditech Pvt Ltd              LOC               CRISIL A4     43     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Kairbetta Estates Syndicate            Proposed ST Bk    CRISIL A4     10     Reaffirmed
                                       Loan Fac
Karan Construction Company             BG                CRISIL A4     100    Reaffirmed
(Issuer Not Cooperating)
Khaja Moideen Leather Company          Export Bill       CRISIL A4     26.5   Reaffirmed
                                       Negotiation
(Issuer Not Cooperating)
Khaja Moideen Leather Company          Packing Credit    CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Komal Singh Kothari Rajendra Singh     Overdraft         CRISIL A4     74     -
Kothari
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Kreate Energy (I) Pvt Ltd              BG                CRISIL A4     60     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Kurseong Computer Sales Pvt Ltd        BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Laffans Granito Pvt Ltd                BG                CRISIL A4     45     Reaffirmed
(Issuer Not Cooperating)
Laxmi Transmissions                    BG                CRISIL A4     210    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Laxmi Transmissions                    Overdraft         CRISIL A4     70     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Lexi Pvt Ltd                           BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Lexi Pvt Ltd                           Foreign Exchange  CRISIL A4     20     -
                                       Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Lexi Pvt Ltd                           LOC               CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Libra Techcon Ltd                      BG                CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Linde Engineering India Pvt Ltd        BG#               CRISIL A1+    2500   Reaffirmed
(# Interchangeable with letter of credit)
M/s. R.K.Construction                  BG                CRISIL A4     65     -
(Issuer Not Cooperating)
M/s. R.K.Construction                  Overdraft         CRISIL A4     15     -
(Issuer Not Cooperating)
Malathi Engineering Works              BG                CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Manakamna Flour Mills Pvt Ltd          BG                CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Mandovi Casting Pvt Ltd                Inland Guarantees CRISIL A4+    17.6   Reaffirmed
Mandovi Casting Pvt Ltd                Letter Of Guarantee CRISIL A4+  28.5   Reaffirmed
Manjushri Construction Company         BG                CRISIL A4+    140    Reaffirmed
MKC Infrastructure Ltd                 BG                CRISIL A4     650    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
MKC Infrastructure Ltd                 LOC & BG          CRISIL A4     270    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Mohit Steel Industries Pvt Ltd         BG                CRISIL A4+    3.8    Reaffirmed
Mohit Steel Industries Pvt Ltd         LOC               CRISIL A4+    52.9   Reaffirmed
Montrise Infra                         BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
Mrinalini Biri Manufacturing Co. Pvt Ltd BG              CRISIL A4     4      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Muthoot Fincorp Ltd                    CP                CRISIL A1     9000   Reaffirmed
Mydeen Timbers                         LOC               CRISIL A4     175    Reaffirmed
(Issuer Not Cooperating)
New Asian Construction Company         BG                CRISIL A4     80     Reaffirmed
(Issuer Not Cooperating)
Ninerich Infotech                      BG                CRISIL A4     60     Reaffirmed
(Issuer Not Cooperating)
Odisha Aqua Traders And Marine         BG                CRISIL A4     1.5    -
Exporters Pvt Ltd
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Odisha Aqua Traders And Marine         Bill Discounting  CRISIL A4     70     -
Exporters Pvt Ltd
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Odisha Aqua Traders And Marine         Foreign Exchange  CRISIL A4     3.5    -
Exporters Pvt Ltd                      Forward
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Odisha Aqua Traders And Marine         Packing Credit    CRISIL A4     40     -
Exporters Pvt Ltd
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
OHM Pipes Pvt Ltd                      LOC               CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
OmSai Udyog India Pvt Ltd              BG                CRISIL A4     50     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Palanisamy Garments                    Foreign Bill      CRISIL A4     20     Reaffirmed
                                       Negotiation
(Issuer Not Cooperating)
Palanisamy Garments                    LOC               CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Palanisamy Garments                    Packing Credit in CRISIL A4     100    Reaffirmed
                                       Foreign Currency
(Issuer Not Cooperating)
Panna International                    Foreign           CRISIL A4     112    -
                                       Discounting Bill
                                       Purchase
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Panna International                    Proposed Bill     CRISIL A4     66.5   -
                                       Discounting Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Perfect Infracorp Pvt Ltd              BG                CRISIL A4     270    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Perfect Infracorp Pvt Ltd              Proposed BG       CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Phanindra Kumar Baishya                BG                CRISIL A4     40     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Placebo Engineering Corporation        BG                CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
PNB Gilts Ltd                          CP                CRISIL A1+    10000  Reaffirmed
( (Enhanced from Rs.500 Crore))
Pragati Construction                   BG                CRISIL A4     140    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sharplex Filters India Pvt Ltd         BG                CRISIL A3+    45     Reaffirmed
Sigma Chemtrade Pvt Ltd                BG                CRISIL A4+    5      Reaffirmed
Sigma Chemtrade Pvt Ltd                Foreign Exchange  CRISIL A4+    15.5   Reaffirmed
                                       Forward
Sigma Chemtrade Pvt Ltd                LOC               CRISIL A4+    100    Reaffirmed
TRV Global Exports Pvt Ltd             Packing Credit    CRISIL A4     117.5  -
Vedanta Ltd                            Non-FBL*          CRISIL A1+    191200 Reaffirmed
(*Non-fund-based limit of Rs 2,000 crore interchangeable with fund-based limit)
Vedanta Ltd                            ST Loan           CRISIL A1+    5000   Reaffirmed
Vedanta Ltd                            CP                CRISIL A1+    50000  Reaffirmed
Vedanta Ltd                            CP                CRISIL A1+    100000 Withdrawn
Veejay Syntex Pvt Ltd                  BG                CRISIL A4+    5      Reaffirmed



LONG TERM RATINGS:
-------------------
Anjalee Rocks                          Proposed LT Bk    CRISIL        15     Assigned
                                       Loan Fac          B+/Stable
Anjalee Rocks                          Foreign Bill      CRISIL        35     Assigned
                                       Discounting       B+/Stable
Arunodya Feeds Pvt Ltd                 CC                -             46.5   Withdrawn
ASI Industries Ltd                     CC                CRISIL        380    -
                                                         BB+/Positive
(Migrated from 'CRISIL BB/Negative ISSUER NOT COOPERATING')
ASI Industries Ltd                     External          CRISIL        270.5  -
                                       Commercial        BB+/Positive
                                       Borrowings
(Migrated from 'CRISIL BB/Negative ISSUER NOT COOPERATING')
ASI Industries Ltd                     FCNR Loan         CRISIL        288.6  -
                                                         BB+/Positive
(Migrated from 'CRISIL BB/Negative ISSUER NOT COOPERATING')
ASI Industries Ltd                     TL                CRISIL        110.9  -
                                                         BB+/Positive
(Migrated from 'CRISIL BB/Negative ISSUER NOT COOPERATING')
Attra Infotech Pvt Ltd                 CC                CRISIL        200    Reaffirmed
                                                         BBB+/Stable
Bangalore International Airport Ltd    CC                CRISIL        500    Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Bangalore International Airport Ltd    Proposed LT Bk    CRISIL        335.9  Reaffirmed
                                       Loan Fac          AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Bangalore International Airport Ltd    TL                CRISIL        120304.Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Bijulee Tea Pvt Ltd                    CC                CRISIL        55     Reaffirmed
                                                         BB-/Stable
BSG Infrastructure                     CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Comfort Securities Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Delhi International Airport Ltd        Proposed Rupee TL CRISIL        56160  Reaffirmed
                                                         AA-/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Delhi International Airport Ltd        WC Fac            CRISIL        3840   Reaffirmed
                                                         AA-/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Ess Kay Fincorp Ltd                    Proposed LT Bk    CRISIL        3150   Reaffirmed
                                       Loan Fac          A/Stable
Ess Kay Fincorp Ltd                    TL                CRISIL        2850   Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        500    Assigned
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        850    Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        860    Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        1000   Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        1000   Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        1500   Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    NCD               CRISIL        3000   Reaffirmed
                                                         A/Stable
Ess Kay Fincorp Ltd                    LT Principal      CRISIL PP-MLD 320    Reaffirmed
                                       Protected Market  Ar/Stable
                                       Linked Debentures
Ess Kay Fincorp Ltd                    LT Principal      CRISIL PP-MLD 500    Reaffirmed
                                       Protected Market  Ar/Stable
                                       Linked Debentures
Flovel Energy Pvt Ltd                  CC                CRISIL        135    Reaffirmed
                                                         BBB/Stable
Flovel Energy Pvt Ltd                  LT Loan           CRISIL        45.5   Reaffirmed
                                                         BBB/Stable
Flovel Energy Pvt Ltd                  Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          BBB/Stable
Flovel Energy Pvt Ltd                  TL                CRISIL        19.5   Reaffirmed
                                                         BBB/Stable
Forest View Resort                     TL                CRISIL D      80     -
GMR Hyderabad Aerotropolis Ltd         Proposed TL       CRISIL        300    Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
GMR Hyderabad Aerotropolis Ltd         TL                CRISIL        500    Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
GMR Hyderabad Aviation Sez Ltd         TL                CRISIL        550    Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
GMR Hyderabad International Airport Ltd Proposed WC Fac  CRISIL        1300   Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
GMR Hyderabad International Airport Ltd NCD              CRISIL        4000   Reaffirmed
                                                         AA/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Green Gold Timbers Pvt Ltd             CC                CRISIL        85     Reaffirmed
                                                         B/Stable
Green Valley Beverages India Pvt Ltd   Proposed LT Bk    CRISIL        37.5   Reaffirmed
                                       Loan Fac          BB/Stable
Green Valley Beverages India Pvt Ltd   TL                CRISIL        45     Reaffirmed
                                                         BB/Stable
Hero FinCorp Ltd                     CC & WC demand loan CRISIL        18650  Reaffirmed
                                                         AA+/Stable
Hero FinCorp Ltd                       Proposed LT Bk    CRISIL        560    Reaffirmed
                                       Loan Fac          AA+/Stable
Hero FinCorp Ltd                       TL                CRISIL        25790  Reaffirmed
                                                         AA+/Stable
Hero FinCorp Ltd                       Subordinate Debt  CRISIL        7000   -
                                                         AA+/Stable
Hero FinCorp Ltd                       NCDs              CRISIL        20000  -
                                                         AA+/Stable
IEE Projects Pvt Ltd                   CC                CRISIL        35     Reaffirmed
                                                         B/Stable
(Migrated from 'CRISIL B/Stable)
INA India Ltd                          CC                CRISIL D      200    Reaffirmed
(Issuer Not Cooperating)
INA India Ltd                          LOC               CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
INA India Ltd                          Proposed FB Bk    CRISIL D      125    Reaffirmed
                                       Limits
(Issuer Not Cooperating)
INA India Ltd                          TL                CRISIL D      75     Reaffirmed
(Issuer Not Cooperating)
India Grid Trust                       Corporate Credit  CCR AAA/Stable-      Reaffirmed
                                       Rating 
India Grid Trust                       LT Loan           CRISIL        10000  Reaffirmed
                                                         AAA/Stable
India Grid Trust                       TL                CRISIL        1500   Reaffirmed
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        5000   Assigned
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        3500   Reaffirmed
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        4350   Reaffirmed
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        2500   Reaffirmed
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        14000  Reaffirmed
                                                         AAA/Stable
India Grid Trust                       NCD               CRISIL        5000   Reaffirmed
                                                         AAA/Stable
India Grid Trust                       LT Principal      CRISIL PP-MLD 1750   Reaffirmed
                                       Protected Market  AAAr/Stable
                                       Linked Debentures 
India Grid Trust                       LT Principal      CRISIL PP-MLD 2000   Reaffirmed
                                       Protected Market  AAAr/Stable
                                       Linked Debentures 
Indian Sugar Manufacturing Co. Ltd     CC                CRISIL D      292.1  Reaffirmed
(Issuer Not Cooperating)
Indian Sugar Manufacturing Co. Ltd     TL                CRISIL D      437.9  Reaffirmed
(Issuer Not Cooperating)
Indreshwar Sugar Mills Ltd             Rupee TL          CRISIL D      500    Reaffirmed
(Issuer Not Cooperating)
Inox World Industries Pvt Ltd          LT Loan           CRISIL        230    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Inox World Industries Pvt Ltd          Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Intelux Electronics Pvt Ltd            CC                CRISIL        115    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Intelux Electronics Pvt Ltd            Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Iris Knitwear                          CC                CRISIL        85     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Iris Knitwear                          TL                CRISIL        12.3   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
J. K. Infcon Pvt Ltd                   CC                CRISIL        65     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
J. S. Fourwheel Motors Pvt Ltd         CC                CRISIL        170    Withdrawn
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
J. S. Fourwheel Motors Pvt Ltd         Proposed LT Bk    CRISIL        312.5  Withdrawn
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Rating Withdrawn)
Jag Vidhya and Sons Resorts and Hotels CC                CRISIL D      5      Reaffirmed
Llp
(Issuer Not Cooperating)
Jag Vidhya and Sons Resorts and Hotels Proposed LT Bk    CRISIL D      10     Reaffirmed
Llp                                    Loan Fac
(Issuer Not Cooperating)
Jag Vidhya and Sons Resorts and Hotels TL                CRISIL D      125    Reaffirmed
Llp
(Issuer Not Cooperating)
Jagannath Plastipacks Ltd              CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Jagdamba Ispat Pvt Ltd                 CC                CRISIL        81     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jagdamba Ispat Pvt Ltd                 LT Loan           CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jagdamba Ispat Pvt Ltd                 Proposed FB Bk    CRISIL        6.2    -
                                       Limits            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jahangir Biri Factory Pvt Ltd          CC                CRISIL        82.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jahangir Biri Factory Pvt Ltd          Proposed LT Bk    CRISIL        52.5   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jaihind Automation Pvt Ltd             CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jaihind Automation Pvt Ltd             Rupee TL          CRISIL        35     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Janam Diamonds Pvt Ltd                 Export Packing    CRISIL        120    -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Janam Diamonds Pvt Ltd                 Proposed LT Bk    CRISIL        1      -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Janam Diamonds Pvt Ltd                 Standby Line of   CRISIL        25     -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Jeya Engineering And Infrastructures   CC                CRISIL        45     Reaffirmed
Pvt Ltd                                                  B+/Stable
(Issuer Not Cooperating)
Jeya Engineering And Infrastructures   LT Loan           CRISIL        25     Reaffirmed
Pvt Ltd                                                  B+/Stable
(Issuer Not Cooperating)
Jindal Wood Products Pvt Ltd           CC                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
JMK Jewels Pvt Ltd                     CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
JSR and Company Civil Contractors      CC                CRISIL        35     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
K.L. Concast Pvt Ltd                   CC                CRISIL        250    -
                                                         B+/Stable
(Issuer Not Cooperating)
K.L. Concast Pvt Ltd                   Proposed BG       CRISIL        390    -
                                                         B+/Stable
(Issuer Not Cooperating)
K.S.R. Seeds                           Bill Discounting  CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
K.S.R. Seeds                           CC                CRISIL        175    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
K.S.R. Seeds                           Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Kaaizeen Meditech Pvt Ltd              CC                CRISIL        55     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kaaizeen Meditech Pvt Ltd              Standby Line of   CRISIL        4      -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kaaizeen Meditech Pvt Ltd              TL                CRISIL        7      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kairbetta Estates Syndicate            CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
Kairbetta Estates Syndicate            Proposed LT Bk    CRISIL        13     Reaffirmed
                                       Loan Fac          B+/Stable
Kairbetta Estates Syndicate            WC Fac            CRISIL        27     Reaffirmed
                                                         B+/Stable
Kalamandir Jewellers Ltd               CC                CRISIL        1350   Reaffirmed
                                                         BBB/Stable
Kalamandir Jewellers Ltd               Standby Line of   CRISIL        100    Reaffirmed
                                       Credit            BBB/Stable
Kalika Enterprise                      CC                CRISIL D      95     Reaffirmed
(Issuer Not Cooperating)
Kalika Enterprise                      Funded Interest TLCRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
Karan Construction Company             CC                CRISIL        80     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Karan Construction Company             Overdraft         CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Karniz Packs LLP                       CC                CRISIL        20     -
                                                         B-/Stable
(Upgraded from 'CRISIL D')
Karniz Packs LLP                       Proposed LT Bk    CRISIL        15.4   -
                                       Loan Fac          B-/Stable
(Upgraded from 'CRISIL D')
Karniz Packs LLP                       TL                CRISIL        71     Assigned
                                                         B-/Stable
(Upgraded from 'CRISIL D')
Kashi Pandhari Cottex                  CC                CRISIL        104    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kashi Pandhari Cottex                  Proposed CC Limit CRISIL        36     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kashi Pandhari Cottex                  TL                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Keshav Holiday Resort Pvt Ltd          LT Loan           CRISIL        500    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kewal Kiran Clothing Ltd               Proposed LT Bk    CRISIL        200    Reaffirmed
                                       Loan Fac          AA-/Stable
Kewal Kiran Clothing Ltd               WC Demand Loan@@  CRISIL        450    Reaffirmed
                                                         AA-/Stable
(@@ Interchangeable with Rs 45 crore of bank overdraft facility, Rs 45 crore of export bill
discounting, Rs 45 crore of export invoice financing, and Rs 45 crore of pre-shipment financing
under export orders) 
Kewal Kiran Clothing Ltd               WC Demand Loan#   CRISIL        250    Reaffirmed
                                                         AA-/Stable
(# Interchangeable with Rs 25 crore of bank overdraft facility, Rs 5 crore of import letter of
credit, Rs 5 crore of bonds and guarantees, Rs 5 crore of import invoice financing, Rs 25 crore
of export bill discounting, Rs 25 crore of pre-shipment financing under export letter of credit,
Rs 25 crore of export invoice financing, Rs 5 crore of import letter of credit, and Rs 25 crore
of pre-shipment financing under export orders) 
Kewal Kiran Clothing Ltd               WC Demand Loan*   CRISIL        500    Reaffirmed
                                                         AA-/Stable
(*Interchangeable with Rs. 5 crore cash credit facility, Rs. 10 crore letter of credit and Rs.
10 crore of PCFC/PSFC (Pre and Post Shipment) credit.)
KGPS Mechanical Pvt Ltd                BG                CRISIL D      25     Reaffirmed
(Issuer Not Cooperating)
KGPS Mechanical Pvt Ltd                CC                CRISIL D      52.4   Reaffirmed
(Issuer Not Cooperating)
KGPS Mechanical Pvt Ltd                Proposed LT Bk    CRISIL D      22.6   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Khaja Moideen Leather Company          CC                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Khaja Moideen Leather Company          TL                CRISIL        24.4   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Komal Singh Kothari Rajendra Singh     Proposed LT Bk    CRISIL        23.5   -
Kothari                                Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Komal Singh Kothari Rajendra Singh     TL                CRISIL        2.5    -
Kothari                                                  B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
KRAFT Infrastructures                  TL                CRISIL        150    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Kreate Energy (I) Pvt Ltd              CC                CRISIL        20     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Kreate Energy (I) Pvt Ltd              Proposed FB Bk    CRISIL        300    -
                                       Limits            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Kreate Energy (I) Pvt Ltd              Proposed LT Bk    CRISIL        120    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Krishna Impex                          CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
KSD Zonne Energie LLP                  LT Loan           CRISIL        130    -
                                                         BB-/Stable
(Migrated from 'CRISIL B+/Stable ISSUER NOT COOPERATING')
Kurseong Computer Sales Pvt Ltd        CC                CRISIL        65     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Laffans Granito Pvt Ltd                CC                CRISIL        90     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Laffans Granito Pvt Ltd                LT Loan           CRISIL        37.7   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Laffans Granito Pvt Ltd                TL                CRISIL        217.3  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Laxmi Moulds Industries Pvt Ltd        Buyer`s Credit    CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Laxmi Moulds Industries Pvt Ltd        Proposed LT Bk    CRISIL D      150.6  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Laxmi Moulds Industries Pvt Ltd        TL                CRISIL D      9.4    Reaffirmed
(Issuer Not Cooperating)
Laxmi Opticals                         CC                CRISIL        80     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Laxmi Opticals                         Proposed CC Limit CRISIL        80     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Laxmi Transmissions                    Proposed BG       CRISIL        90     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Laxmi Transmissions                    Proposed Overdraft CRISIL       30     -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
LB Cotton Industries LLP               CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
LB Cotton Industries LLP               TL                CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Leisure Corp Pvt Ltd                   CC                CRISIL        83     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Leisure Corp Pvt Ltd                   Proposed FB Bk    CRISIL        17     -
                                       Limits            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Leo Fasteners                          LT Loan           CRISIL        96.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Leo Fasteners                          Proposed LT Bk    CRISIL        163.5  -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Lexi Pvt Ltd                           CC                CRISIL        120    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Libra Techcon Ltd                      CC                CRISIL        0.1    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Libra Techcon Ltd                      Proposed LT Bk    CRISIL        0.9    Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
Linde Engineering India Pvt Ltd        Overdraft*        CRISIL        460    Reaffirmed
                                                         AA/Stable
(* Interchangeable with short-term loans)
M. G. T. Motors Pvt Ltd                CC                CRISIL        400    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
M. G. T. Motors Pvt Ltd                LT Loan           CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
M. G. T. Motors Pvt Ltd                Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
M.P.S.Steel Castings Pvt Ltd           CC                CRISIL D      230    Reaffirmed
(Issuer Not Cooperating)
M.P.S.Steel Castings Pvt Ltd           LOC               CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
M.P.S.Steel Castings Pvt Ltd           Proposed LT Bk    CRISIL D      470.1  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
M.P.S.Steel Castings Pvt Ltd           WC TL             CRISIL D      250    Reaffirmed
(Issuer Not Cooperating)
M/s. R.K.Construction                  CC                CRISIL        35     -
                                                         B+/Stable
(Issuer Not Cooperating)
M/s. R.K.Construction                  TL                CRISIL        10     -
                                                         B+/Stable
(Issuer Not Cooperating)
Malathi Engineering Works              CC                CRISIL        25     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Malathi Engineering Works              Proposed LT Bk    CRISIL        15     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Malathi Engineering Works              TL                CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Malaxmi Wind Power                     LT Loan           CRISIL D      479.2  Reaffirmed
(Issuer Not Cooperating)
Mallemaala Agro Pvt Ltd                CC                CRISIL        47.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mallemaala Agro Pvt Ltd                LT Loan           CRISIL        250    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mallemaala Agro Pvt Ltd                Proposed LT Bk    CRISIL        2.5    Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Manakamna Flour Mills Pvt Ltd          CC                CRISIL        70     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Mandovi Casting Pvt Ltd                CC                CRISIL        27     Reaffirmed
                                                         BB/Stable
Manjushri Construction Company         Overdraft         CRISIL        50     Reaffirmed
                                                         BB+/Stable
Manna Rice Industries Pvt Ltd          CC                CRISIL        10     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Manna Rice Industries Pvt Ltd          LT Loan           CRISIL        57.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Manna Rice Industries Pvt Ltd          Proposed LT Bk    CRISIL        22.5   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Mapsko Builders Pvt Ltd                TL                CRISIL        250    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Marks Enterprises Pvt Ltd              CC                CRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
Marks Enterprises Pvt Ltd              LOC               CRISIL D      77.5   Reaffirmed
(Issuer Not Cooperating)
Mars Therapeutics and Chemicals Ltd    BG                CRISIL D      5      Reaffirmed
(Issuer Not Cooperating)
Mars Therapeutics and Chemicals Ltd    CC                CRISIL D      57.5   Reaffirmed
(Issuer Not Cooperating)
Mars Therapeutics and Chemicals Ltd    Funded Interest TLCRISIL D      5.5    Reaffirmed
(Issuer Not Cooperating)
Mars Therapeutics and Chemicals Ltd    Proposed LT Bk    CRISIL D      2      Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Mars Therapeutics and Chemicals Ltd    WC TL             CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Maruti Oil Mills                       CC                CRISIL        120    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Mathura Agro Industries                CC                CRISIL        180    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Mathura Agro Industries                LT Loan           CRISIL        70     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Mathura Agro Industries                Proposed LT Bk    CRISIL        50     Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
Mathura Extraction                     CC                CRISIL        150    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
MES International School - Pattambi    CC                CRISIL D      14     Reaffirmed
(Issuer Not Cooperating)
MES International School - Pattambi    LT Loan           CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
Metcut Toolings Pvt Ltd                CC                CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Metcut Toolings Pvt Ltd                LOC               CRISIL D      6      Reaffirmed
(Issuer Not Cooperating)
Metcut Toolings Pvt Ltd                Proposed LT Bk    CRISIL D      94.5   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Metcut Toolings Pvt Ltd                WC TL             CRISIL D      29     Reaffirmed
(Issuer Not Cooperating)
MG Industries Pvt Ltd                  CC                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
MG Industries Pvt Ltd                  Proposed LT Bk    CRISIL        30     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Mijan Imex International Pvt Ltd       CC                CRISIL D      150    Reaffirmed
(Issuer Not Cooperating)
Mijan Imex International Pvt Ltd       TL                CRISIL D      45     Reaffirmed
(Issuer Not Cooperating)
Mirones Builders and Developers Pvt Ltd Rating Advisory  -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
MKC Infrastructure Ltd                 CC                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
MKC Infrastructure Ltd                 LT Loan           CRISIL        10     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
MKC Infrastructure Ltd                 Proposed LT Bk    CRISIL        120    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Modern India Con-Cast Ltd              CC                CRISIL D      104.2  Reaffirmed
(Issuer Not Cooperating)
Modern India Con-Cast Ltd              Funded Interest TL CRISIL D     353.3  Reaffirmed
(Issuer Not Cooperating)
Modern India Con-Cast Ltd              LOC               CRISIL D      1413.6 Reaffirmed
(Issuer Not Cooperating)
Modern India Con-Cast Ltd              Proposed LT Bk    CRISIL D      120.7  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Modern India Con-Cast Ltd              TL                CRISIL D      282.4  Reaffirmed
(Issuer Not Cooperating)
Modern India Con-Cast Ltd              WC TL             CRISIL D      795.8  Reaffirmed
(Issuer Not Cooperating)
Modern Overseas Pvt Ltd                CC                CRISIL D      125    Reaffirmed
(Issuer Not Cooperating)
Mohit Steel Industries Pvt Ltd         CC                CRISIL        25     Reaffirmed
                                                         BB/Stable
Mohit Steel Industries Pvt Ltd         Proposed LT Bk    CRISIL        67.8   Reaffirmed
                                       Loan Fac          BB/Stable
Mohit Steel Industries Pvt Ltd         WC TL             CRISIL        0.5    Reaffirmed
                                                         BB/Stable
Montrise Infra                         CC                CRISIL        35     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Montrise Infra                         Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Mrinalini Biri Manufacturing Co. Pvt Ltd CC              CRISIL        45     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Mrinalini Biri Manufacturing Co. Pvt Ltd Proposed LT Bk  CRISIL        51     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Musaddilal Gems And Jewels (India) Pvt Secured Overdraft CRISIL        130    Reaffirmed
Ltd                                    Fac               B+/Stable
(Issuer Not Cooperating)
Muthoot Fincorp Ltd                    CC & WC demand loan CRISIL      77850  Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          A/Stable
Muthoot Fincorp Ltd                    TL                CRISIL        3375   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    WC TL             CRISIL        20575  Assigned
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Assigned
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        21.9   Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        3.5    Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    NCD               CRISIL        9.2    Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Subordinate Debt  CRISIL        355.9  Reaffirmed
                                                         A/Stable
Muthoot Fincorp Ltd                    Perpetual Bonds   CRISIL        1440   Reaffirmed
                                                         BBB+/Stable
Mydeen Timbers                         CC                CRISIL        55     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Mysore Fruit Products Pvt Ltd          CC                CRISIL        200    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
N. Ravichandran                        CC/ Overdraft Fac CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Natwest Estates Pvt Ltd                CC                CRISIL        60     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Natwest Estates Pvt Ltd                Proposed LT Bk    CRISIL        135.4  Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Nava Healthcare Pvt Ltd                CC                CRISIL        225    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Naveen Timber Pvt Ltd                  CC                CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
Naveen Timber Pvt Ltd                  Import LOC Limit  CRISIL D      180    Reaffirmed
(Issuer Not Cooperating)
Naveen Timber Pvt Ltd                  Standby Line of   CRISIL D      310    Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Neeraja Developers and Promoters       Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Neeraja Developers and Promoters       TL                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Neesarg Motors                         CC/ Overdraft Fac CRISIL D      62.5   -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B+/Stable)
New Asian Construction Company         CC                CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Ninerich Infotech                      Overdraft         CRISIL        40     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
OHM Pipes Pvt Ltd                      CC                CRISIL        35     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
OHM Pipes Pvt Ltd                      LT Loan           CRISIL        35     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
OHM Pipes Pvt Ltd                      Proposed FB Bk    CRISIL        52.6   Reaffirmed
                                       Limits            B/Stable
(Issuer Not Cooperating)
Okara Roadlines                        Overdraft         CRISIL        58     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Okara Roadlines                        TL                CRISIL        42     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
OmSai Udyog India Pvt Ltd              CC                CRISIL        120    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Orbicular Pharmaceutical Technologies  CC                CRISIL        20     Reaffirmed
Pvt Ltd                                                  B+/Stable
(Issuer Not Cooperating)
Orbicular Pharmaceutical Technologies  TL                CRISIL        100    Reaffirmed
Pvt Ltd                                                  B+/Stable
(Issuer Not Cooperating)
Orma Marble Palace Pvt Ltd             CC                CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
Orma Marble Palace Pvt Ltd             LOC               CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
OSL Automotives Pvt Ltd                CC                CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
OSL Automotives Pvt Ltd                Inventory Funding CRISIL        215    -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
OSL Automotives Pvt Ltd                Proposed LT Bk    CRISIL        15     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
P G Mercantile Pvt Ltd                 CC                CRISIL D      150    Reaffirmed
(Issuer Not Cooperating)
P G Mercantile Pvt Ltd                 Foreign Exchange  CRISIL D      30     Reaffirmed
                                       Forward
(Issuer Not Cooperating)
P G Mercantile Pvt Ltd                 LOC               CRISIL D      600    Reaffirmed
(Issuer Not Cooperating)
P G Mercantile Pvt Ltd                 Proposed LT Bk    CRISIL D      798.9  Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
P G Mercantile Pvt Ltd                 TL                CRISIL D      236.1  Reaffirmed
(Issuer Not Cooperating)
P R Pote (Patil) Education and Welfare TL                CRISIL        200    -
Trust                                                    B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
P. Duraisamy Maharajha Rice Mills Pvt  CC                CRISIL        65     -
Ltd                                                      B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
P. Duraisamy Maharajha Rice Mills Pvt  LT Loan           CRISIL        29     -
Ltd                                                      B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
P. Duraisamy Maharajha Rice Mills Pvt  Proposed LT Bk    CRISIL        11     -
Ltd                                    Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Padmaja Laboratories Pvt Ltd           CC                CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Padmaja Laboratories Pvt Ltd           Non-FBL           CRISIL        20     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Padmaja Laboratories Pvt Ltd           Standby Line of   CRISIL        5      -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Padmaja Laboratories Pvt Ltd           TL                CRISIL        25     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Palanisamy Garments                    CC                CRISIL        10     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Palanisamy Garments                    Proposed LT Bk    CRISIL        25     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Palanisamy Garments                    TL                CRISIL        25     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Panna International                    Secured Overdraft CRISIL        18.5   -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Paras Industries                       Packing Credit    CRISIL D      75     Reaffirmed
                                       (pre-shipment
                                       credit)
(Issuer Not Cooperating)
Paras Industries                       Post Shipment     CRISIL D      37     Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Penn Frozen Foods Pvt Ltd              CC                CRISIL        20     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Penn Frozen Foods Pvt Ltd              Proposed LT Bk    CRISIL        15.6   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Penn Frozen Foods Pvt Ltd              TL                CRISIL        39.4   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Perfect Infracorp Pvt Ltd              CC                CRISIL        110    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Phanindra Kumar Baishya                Secured Overdraft CRISIL        10     -
                                       Fac               B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Placebo Engineering Corporation        CC                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
PNR Infra India Pvt Ltd                LT Loan           CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Popular Shoe Mart India Pvt Ltd        CC                CRISIL        18     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Popular Shoe Mart India Pvt Ltd        LT Loan           CRISIL        82     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Pragati Construction                   CC                CRISIL        30     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Pragati Construction                   Proposed WC Fac   CRISIL        68.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Pranav Construction Systems Pvt Ltd    BG                CRISIL D      162.2  Reaffirmed
(Issuer Not Cooperating)
Pranav Construction Systems Pvt Ltd    CC                CRISIL D      191.1  Reaffirmed
(Issuer Not Cooperating)
Pranav Construction Systems Pvt Ltd    Export Packing    CRISIL D      66.3   Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Pranav Construction Systems Pvt Ltd    Funded Interest TL CRISIL D     60.8   Reaffirmed
(Issuer Not Cooperating)
Pranav Construction Systems Pvt Ltd    LOC               CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Pranav Construction Systems Pvt Ltd    WC TL             CRISIL D      214.9  Reaffirmed
(Issuer Not Cooperating)
Pravarsha Agro Industries Pvt Ltd      CC                CRISIL        5      Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Pravarsha Agro Industries Pvt Ltd      LT Loan           CRISIL        55     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Pravarsha Agro Industries Pvt Ltd      Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
Pride Ventures India Pvt Ltd           Rupee TL          CRISIL        330    Reaffirmed
                                                         B+/Stable
(ISSUER NOT COOPERATING)
PRO Knits                              Bill Discounting  CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
PRO Knits                              Packing Credit    CRISIL D      200    Reaffirmed
(Issuer Not Cooperating)
Pushpak Air Travels                    CC                CRISIL        15     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Pushpak Air Travels                    Foreign Currency  CRISIL        60     -
                                       Demand Loan       B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Pushpak Air Travels                    Proposed LT Bk    CRISIL        25     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Pushpam Traders                        CC                CRISIL        45     Reaffirmed
                                                         B+/Stable
Pushpam Traders                        Key CC            CRISIL        50     Reaffirmed
                                                         B+/Stable
Pushpam Traders                        Proposed CC Limit CRISIL        5      Reaffirmed
                                                         B+/Stable
R B Wovens Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Samanvaya Health Care Pvt Ltd          CC                CRISIL        13     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Samanvaya Health Care Pvt Ltd          LT Loan           CRISIL        32     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Select Motors                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sharplex Filters India Pvt Ltd         Proposed LT Bk    CRISIL        50     Reaffirmed
                                       Loan Fac          BBB/Stable
Sharplex Filters India Pvt Ltd         Secured Overdraft CRISIL        25     Reaffirmed
                                       Fac               BBB/Stable
Shree Abirami Enggineering Works       CC                CRISIL        80     Assigned
                                                         BB+/Stable
Shree Abirami Enggineering Works       TL                CRISIL        20     Assigned
                                                         BB+/Stable
Sigma Chemtrade Pvt Ltd                CC                CRISIL        55     Reaffirmed
                                                         BB+/Stable
Sigma Chemtrade Pvt Ltd                Proposed FB Bk    CRISIL        1.3    Assigned
                                       Limits            BB+/Stable
Sri Varadaraja Textiles Pvt Ltd        CC                CRISIL        110    Reaffirmed
                                                         BB/Stable
Sri Varadaraja Textiles Pvt Ltd        LT Loan           CRISIL        10     Reaffirmed
                                                         BB/Stable
Srirani Sati infra Stemtech Pvt Ltd    CC                CRISIL        67.5   Reaffirmed
                                                         B/Stable
Srirani Sati infra Stemtech Pvt Ltd    Proposed LT Bk    CRISIL        12.5   Reaffirmed
                                       Loan Fac          B/Stable
Vedanta Ltd                            Foreign Currency  CRISIL        13720  Reaffirmed
                                       TL$               AA/Negative
($Foreign currency non-resident (FCNR) loans)
Vedanta Ltd                            FB Fac**          CRISIL        59200  Reaffirmed
                                                         AA/Negative
(**Fund-based limit completely interchangeable with non-fund-based limit)
Vedanta Ltd                            Non-FBL##         CRISIL        5000   Reaffirmed
                                                         AA/Negative
(##Capex letter of credit limit, interchangeable with operational non-fund based limits)
Vedanta Ltd                            Proposed LT Bk    CRISIL        9837   Reaffirmed
                                       Loan Fac          AA/Negative
Vedanta Ltd                            Proposed WC Fac   CRISIL        9129.3 Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            TL                CRISIL        109940 Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        12500  Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        36000  Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        7500   Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        14000  Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        10000  Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        70000  Reaffirmed
                                                         AA/Negative
Vedanta Ltd                            NCD               CRISIL        5000   Withdrawn
                                                         AA/Negative
Veejay Syntex Pvt Ltd                  CC                CRISIL        60     Reaffirmed
                                                         BB/Stable
Veejay Syntex Pvt Ltd                  Proposed LT Bk    CRISIL        34.5   Reaffirmed
                                       Loan Fac          BB/Stable
Veejay Syntex Pvt Ltd                  Rupee TL          CRISIL        45.5   Reaffirmed
                                                         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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