June 27, 2018 / 9:19 AM / 5 months ago

CRISIL ratings for Indian debt instruments-Jun 27

  Jun 27 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of June 26, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A K Shivhare Infrastructure Pvt Ltd     BG                 CRISIL A4+     250     -
(ISSUER NOT COOPERATING); Migrated from CRISIL A3
A S Marine Industries Pvt Ltd           Foreign            CRISIL A4+     15      Reaffirmed
                                        Documentary Bills
                                        Purchase
A S Marine Industries Pvt Ltd           Packing Credit     CRISIL A4+     60      Reaffirmed
Adani Capital Pvt Ltd                   Proposed ST Bk     CRISIL A1+     2000    Assigned
                                        Loan Fac
Adani Capital Pvt Ltd                   CP                 CRISIL A1+     1500    Reaffirmed
Advance Steel Tubes Ltd                 LOC & BG           CRISIL A3      270     -
Downgraded from CRISIL A3+
Agrawal Power Pvt Ltd                   BG                 CRISIL A4+     950     Reaffirmed
Agrawal Power Pvt Ltd                   LOC                CRISIL A4+     70      Reaffirmed
Alpa Laboratories Ltd                   BG                 CRISIL A4+     10      Reaffirmed
(ISSUER NOT COOPERATING)
Alpa Laboratories Ltd                   LOC                CRISIL A4+     10      Reaffirmed
(ISSUER NOT COOPERATING)
Apollo Power Systems Pvt Ltd            BG                 CRISIL A4+     7.5     -
Migrated from CRISIL A4 (ISSUER NOT COOPERATING)
Apollo Power Systems Pvt Ltd            Overdraft          CRISIL A4+     4       -
Migrated from CRISIL A4 (ISSUER NOT COOPERATING)
Bang Overseas Ltd                       LOC                CRISIL A4+     170     Reaffirmed
Bhadiyadra Gems                         Post Shipment      CRISIL A4+     131     Reaffirmed
                                        Credit
Devon Foods Ltd                         Packing Credit     CRISIL A4      10      -
Downgraded from CRISIL A4+
Eagle Electronics India Pvt Ltd         BG                 CRISIL A4+     80      Reaffirmed
East West Pipeline Ltd                  Non-FBL            CRISIL A1+     1000    Reaffirmed
East West Pipeline Ltd                  Proposed NFBL      CRISIL A1+     9155.3  Reaffirmed
East West Pipeline Ltd                  ST Debt Programme  CRISIL A1+     10000   Reaffirmed
Geno Pharmaceuticals Pvt Ltd            BG                 CRISIL A4+     9       -
(ISSUER NOT COOPERATING); Migrated from CRISIL A3+ 
Gulshan Rai Jain II                     BG                 CRISIL A4+     375     -
(ISSUER NOT COOPERATING); Migrated from CRISIL A3
International Trading Corporation       LOC                CRISIL A3      70      Reaffirmed
IVP Ltd                                 LOC                CRISIL A3+     400     Reaffirmed
Jamnagar Utilities and Power Pvt Ltd    Non-FBL            CRISIL A1+     1000    Reaffirmed
Jamnagar Utilities and Power Pvt Ltd    Proposed NFBL      CRISIL A1+     3170    Reaffirmed
Jana Small Finance Bank Ltd             CP Programme       CRISIL A2+     5000    Reaffirmed
Kochar Rice Exim Pvt Ltd                Packing Credit     CRISIL A4      45      Reaffirmed
Kripton Granito Pvt Ltd                 BG                 CRISIL A4      35      Reaffirmed
Kripton Granito Pvt Ltd                 Foreign Exchange   CRISIL A4      18.3    -
                                        Forward
KSV Cotton Mills Pvt Ltd                BG                 CRISIL A4      5       Assigned
Assigned; Suspension Revoked
KSV Cotton Mills Pvt Ltd                LOC                CRISIL A4      5       Assigned
Assigned; Suspension Revoked
Luminous Power Technologies Pvt Ltd     LOC & BG           CRISIL A1+     2450    Reaffirmed
Luminous Power Technologies Pvt Ltd     Proposed LOC & BG  CRISIL A1+     300     -
Masyc Projects Pvt Ltd                  LOC                CRISIL A4+     10      Assigned
Masyc Projects Pvt Ltd                  BG                 CRISIL A4+     50      Assigned
Mehta Petro-Refineries Ltd              BG                 CRISIL A3      80      Reaffirmed
(ISSUER NOT COOPERATING)
Mehta Petro-Refineries Ltd              LOC                CRISIL A3      150     Reaffirmed
(ISSUER NOT COOPERATING)
N G Exports International               Export Bill        CRISIL A4+     50      Reaffirmed
                                        Purchase
                                        -Discounting
Nahar Spinning Mills Ltd                LOC#               CRISIL A1      1650    Reaffirmed
#Interchangeable with bank guarantee/buyers credit
Nahar Spinning Mills Ltd                CP                 CRISIL A1      235     Reaffirmed
Nucon Power Controls Pvt Ltd            BG                 CRISIL A2+     400     Reaffirmed
Nucon Switchgears Pvt Ltd               BG                 CRISIL A2+     1100    Reaffirmed
Nucon Switchgears Pvt Ltd               Foreign Exchange   CRISIL A2+     20      Reaffirmed
                                        Forward
Nucon Switchgears Pvt Ltd               LOC                CRISIL A2+     100     Reaffirmed
Pawar Patkar Constructions Pvt Ltd      BG                 CRISIL A3      430     Reaffirmed
(ISSUER NOT COOPERATING)
Powerica Ltd                            BG                 CRISIL A1+     1650    Reaffirmed
Powerica Ltd                            LOC                CRISIL A1+     2330    Reaffirmed
Quality Care India Ltd                  BG                 CRISIL A1      45      Reaffirmed
Quality Care India Ltd                  LOC                CRISIL A1      20      Reaffirmed
Ray Constructions Ltd                   BG                 CRISIL A4+     320     Reaffirmed
S. B. Deshmukh                          BG                 CRISIL A3      150     Assigned
S.S. Spinning Mills                     LOC                CRISIL A3+     50      Reaffirmed
Saibaba Flameproof Switchgears Pvt Ltd  BG                 CRISIL A4+     245     Reaffirmed
Save Meditech Systems Pvt Ltd           Proposed NFBL      CRISIL A4      0.5     Assigned
Save Meditech Systems Pvt Ltd           Non-FBL            CRISIL A4      117.5   Assigned
Secunderabad Hotels Pvt Ltd             BG                 CRISIL A3+     20      -
Upgraded from CRISIL A3
Secunderabad Hotels Pvt Ltd             Overdraft          CRISIL A3+     105     -
Upgraded from CRISIL A3
Sharma Construction Co.                 BG                 CRISIL A4      30      Reaffirmed
Shri Siddhivinayaga Tex India Pvt Ltd   LOC                CRISIL A3+     200     Withdrawn
Sikka Ports & Terminals Ltd             Non-FBL            CRISIL A1+     1120    Reaffirmed
Sikka Ports & Terminals Ltd             Proposed NFBL      CRISIL A1+     4880    Reaffirmed
Sikka Ports & Terminals Ltd             CP                 CRISIL A1+     55000   Reaffirmed
Sri Vignesh Yarns Pvt Ltd               LOC                CRISIL A3+     120     -
Sula Vineyards Pvt Ltd                  LOC & BG           CRISIL A1      102     Reaffirmed
Sula Vineyards Pvt Ltd                  ST Loan            CRISIL A1      200     Reaffirmed
Sula Vineyards Pvt Ltd                  WC Demand Loan     CRISIL A1      650     Assigned
Sula Vineyards Pvt Ltd                  WC Demand Loan^    CRISIL A1      400     Reaffirmed
^ Fungible with LC/BG upto Rs 15 crore
Sula Vineyards Pvt Ltd                  WC Demand Loan#    CRISIL A1      550     Reaffirmed
# Interchangeable Letter of credit and Bank Guarantee to the extent of Rs 1 crore
Sula Vineyards Pvt Ltd                  WC Demand Loan%    CRISIL A1      300     Reaffirmed
%Interchangeable with FCNR Loan to the extent of Rs. 30 crore, Packing 
credit/Post Shipment to the extent of Rs. 15 crore, Bank Guarantee to 
the extent of Rs. 30 crore, Letter of Credit to the extent of Rs. 30 crore, 
Buyers Credit to the extent of Rs. 10 crore 
Sula Vineyards Pvt Ltd                  WC Demand Loan&    CRISIL A1      200     Reaffirmed
&Interchangeable with Overdraft facility, Short term loans, Import Letter of Credit, 
Standby Letter of Credit, Pre-Shipment financing under export orders facility,
Pre-Shipment financing under export letter of facility, Export bill discounting
Sula Vineyards Pvt Ltd                  WC Demand Loan*    CRISIL A1      200     Reaffirmed
* Bank guarantee limit of Rs 5 Crs as a sub-limit
Sula Vineyards Pvt Ltd                  CP Programme       CRISIL A1      500     Reaffirmed
Supertex Industries Ltd                 LOC                CRISIL A4      50      Reaffirmed
The Cots Knits                          Packing Credit     CRISIL A4      30      Reaffirmed
Tribeni Constructions Ltd               LOC & BG           CRISIL A2      1640    Assigned
Trident Ltd                             LOC                CRISIL A1+     3500    -
Upgraded from CRISIL A1
Vardhman Acrylics Ltd                   LOC*               CRISIL A1+     400     Reaffirmed
*Interchangeable with bank guarantee facility
Vardhman Special Steels Ltd             LOC & BG           CRISIL A1+     1000    Reaffirmed
Vardhman Special Steels Ltd             CP                 CRISIL A1+     1500    Reaffirmed
Vardhman Textiles Ltd                   LOC & BG#          CRISIL A1+     2000    Reaffirmed
#Letter of credit and bank guarantee limits are interchangeable
Vardhman Textiles Ltd                   CP                 CRISIL A1+     1000    Reaffirmed
Vedanta Creations Ltd                   LOC                CRISIL A4+     50      Reaffirmed
VMT Spinning Co. Ltd                    BG                 CRISIL A1+     10      Reaffirmed
VMT Spinning Co. Ltd                    LOC & BG           CRISIL A1+     40      Reaffirmed
Xytel India Pvt Ltd                     Proposed BG        CRISIL A3      170     Assigned

MEDIUM TERM RATINGS:
-------------------
Vardhman Textiles Ltd                   FD                 FAAA           -       Reaffirmed

LONG TERM RATINGS:
-------------------
A K Shivhare Infrastructure Pvt Ltd     CC                 CRISIL BB+     100     -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB- 
A S Marine Industries Pvt Ltd           Proposed LT Bk     CRISIL BB      25      -
                                        Loan Fac
Upgraded from CRISIL BB- 
Advance Steel Tubes Ltd                 CC                 CRISIL BBB-    260     -
Downgraded from CRISIL BBB
Agrawal Power Pvt Ltd                   CC                 CRISIL BB+     210     -
Upgraded from CRISIL BB 
Agrawal Power Pvt Ltd                   Proposed CC Limit  CRISIL BB+     30      Assigned
Upgraded from CRISIL BB 
Agrawal Power Pvt Ltd                   Proposed BG        CRISIL BB+     170     Assigned
Upgraded from CRISIL BB 
Alchemy Techsol India Pvt Ltd           CC                 CRISIL BB      200     Reaffirmed
All India Society For Electronics and   CC/ Overdraft Fac  CRISIL BBB-    38      -
Computer Technology
Migrated from CRISIL BBB/Stable (ISSUER NOT COOPERATING)
All India Society For Electronics and   TL                 CRISIL BBB-    112     -
Computer Technology
Migrated from CRISIL BBB/Stable (ISSUER NOT COOPERATING)
Alpa Laboratories Ltd                   CC                 CRISIL BB+     140     Reaffirmed
(ISSUER NOT COOPERATING)
Ambey Roller Flour Mills                CC                 CRISIL B+      60      Assigned
Apollo Power Systems Pvt Ltd            CC                 CRISIL BB-     89      -
Migrated from CRISIL B+/Stable (ISSUER NOT COOPERATING)
Apollo Power Systems Pvt Ltd            Proposed WC Fac    CRISIL BB-     24.5    Assigned
Migrated from CRISIL B+/Stable (ISSUER NOT COOPERATING)
Bang Overseas Ltd                       CC                 CRISIL BB+     155     Reaffirmed
Barbil Mining and Industries Pvt Ltd    CC                 CRISIL B+      90      -
Upgraded from CRISIL B 
Benit And Co Electronics Pvt Ltd        Proposed CC Limit  CRISIL B       100     Assigned
Bhadiyadra Gems                         Export Packing     CRISIL BB-     70      Reaffirmed
                                        Credit
Bhadiyadra Gems                         Proposed LT Bk     CRISIL BB-     2.9     Reaffirmed
                                        Loan Fac
Campus Student Communities Pvt Ltd      NCD                CRISIL BB-     300     -
Migrated from CRISIL BB-/Stable (ISSUER NOT COOPERATING)
Chandan Healthcare Ltd                  CC                 -              10      -
Ratings reaffirmed and Withdrawn
Chandan Healthcare Ltd                  Letter Of Guarantee-              2.5     -
Ratings reaffirmed and Withdrawn
Chandan Healthcare Ltd                  LT Loan            -              80      -
Ratings reaffirmed and Withdrawn
Chandan Healthcare Ltd                  Proposed LT Bk     -              7.5     -
                                        Loan Fac
Ratings reaffirmed and Withdrawn
Devon Foods Ltd                         CC                 CRISIL B       70      -
Downgraded from CRISIL BB- 
Devon Foods Ltd                         LT Loan            CRISIL B       17      -
Downgraded from CRISIL BB- 
Dewan and Sons                          Export Packing     CRISIL BBB     100     Reaffirmed
                                        Credit
Dewan and Sons                          Foreign Bill       CRISIL BBB     150     Reaffirmed
                                        Purchase
Dewan and Sons                          Standby Line of    CRISIL BBB     40      Reaffirmed
                                        Credit
Dugar Overseas Pvt Ltd                  Capex LOC          CRISIL D       13      -
Downgraded from CRISIL A4+
Dugar Overseas Pvt Ltd                  CC                 CRISIL D       130     -
Downgraded from CRISIL BB- 
Dugar Overseas Pvt Ltd                  Foreign LOC        CRISIL D       157     -
Downgraded from CRISIL BB- 
Dugar Overseas Pvt Ltd                  TL                 CRISIL D       95      -
Downgraded from CRISIL BB- 
Dugar Overseas Pvt Ltd                  WC TL              CRISIL D       15      -
Downgraded from CRISIL BB- 
Eagle Electronics India Pvt Ltd         CC                 CRISIL BB      90      -
Downgraded from CRISIL BB+ 
Eagle Electronics India Pvt Ltd         Proposed WC Fac    CRISIL BB      30      Assigned
Downgraded from CRISIL BB+ 
East West Pipeline Ltd                  TL                 -              47020   Withdrawn
East West Pipeline Ltd                  TL                 CRISIL AAA     57980   Reaffirmed
East West Pipeline Ltd                  NCD                CRISIL AAA     25000   Reaffirmed
East West Pipeline Ltd                  NCD                CRISIL AAA     10000   Reaffirmed
G3 Motors Ltd                           CC                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BBB-
(ISSUER NOT COOPERATING)
G3 Motors Ltd                           Inventory Funding  CRISIL BB+     140     Migrated from
                                        Fac                                       CRISIL BBB-
(ISSUER NOT COOPERATING)
G3 Motors Ltd                           LT Loan            CRISIL BB+     15      Migrated from
                                                                                  CRISIL BBB-
(ISSUER NOT COOPERATING)
G3 Motors Ltd                           Proposed LT Bk     CRISIL BB+     25      Migrated from
                                        Loan Fac                                  CRISIL BBB-
(ISSUER NOT COOPERATING)
G3 Motors Ltd                           Standby LOC        CRISIL BB+     200     Migrated from
                                                                                  CRISIL BBB-
(ISSUER NOT COOPERATING)
Ganga Care Hospitals Ltd                Proposed CC Limit  CRISIL A+      17.5    Reaffirmed
Ganga Care Hospitals Ltd                Proposed TL        CRISIL A+      50      Reaffirmed
Geno Pharmaceuticals Pvt Ltd            CC                 CRISIL BB+     90      -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB 
Gulshan Rai Jain II                     CC                 CRISIL BB+     225     -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB-
International Trading Corporation       CC                 CRISIL BBB-    130     Reaffirmed
International Trading Corporation       Channel Financing  CRISIL BBB-    70      Reaffirmed
International Trading Corporation       Proposed LT Bk     CRISIL BBB-    30      Assigned
                                        Loan Fac
IVP Ltd                                 CC                 CRISIL BBB     250     Reaffirmed
IVP Ltd                                 Proposed LT Bk     CRISIL BBB     260     -
                                        Loan Fac
IVP Ltd                                 WC Fac             CRISIL BBB     590     -
J. J. International                     CC                 CRISIL B-      35      Assigned
J. J. International                     TL                 CRISIL B-      25      Assigned
Jalaram Rice Mill                       CC                 CRISIL B+      50      Assigned
Jamnagar Utilities and Power Pvt Ltd    Rupee TL           -              22500   Withdrawn
Jamnagar Utilities and Power Pvt Ltd    Corporate Credit   CCR AAA        -       Reaffirmed
                                        Rating
Jamnagar Utilities and Power Pvt Ltd    External           CRISIL AAA     19000   Reaffirmed
                                        Commercial
                                        Borrowings
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL AAA     22500   Reaffirmed
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL AAA     20000   Reaffirmed
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL AAA     20000   Reaffirmed
Jana Small Finance Bank Ltd             TL                 CRISIL BBB     300     -
Downgraded from CRISIL BBB+
Jana Small Finance Bank Ltd             NCDs               CRISIL BBB     2630    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Kamal Cotton Traders Pvt Ltd            CC                 CRISIL BB-     200     Reaffirmed
Kanchan International                   CC                 CRISIL B+      80      Reaffirmed
Karnataka State Muslim Federation       LT Loan            CRISIL BB+     72.5    -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB- 
Kay Cee Enterprises - Delhi             Overdraft          CRISIL BB-     70      Upgraded from
                                                                                  CRISIL B
KD Iron and Steel Company               CC                 CRISIL BBB+    330     Reaffirmed
KD Iron and Steel Company               Proposed WC Fac    CRISIL BBB+    90      Reaffirmed
Khurana Blankets Pvt Ltd                CC                 CRISIL B       45      Reaffirmed
Khurana Blankets Pvt Ltd                LT Loan            CRISIL B       45      Reaffirmed
Khurana Blankets Pvt Ltd                Proposed LT Bk     CRISIL B       35      Reaffirmed
                                        Loan Fac
Kochar Rice Exim Pvt Ltd                Foreign Bill       CRISIL B+      35      Reaffirmed
                                        Purchase
Kochar Rice Exim Pvt Ltd                Proposed LT Bk     CRISIL B+      40      Reaffirmed
                                        Loan Fac
Kripton Granito Pvt Ltd                 CC                 CRISIL B+      90      Reaffirmed
Kripton Granito Pvt Ltd                 TL                 CRISIL B+      196.7   Assigned
KSV Cotton Mills Pvt Ltd                CC                 CRISIL B       60      Assigned
Assigned; Suspension Revoked
KSV Cotton Mills Pvt Ltd                Proposed LT Bk     CRISIL B       30      Assigned
                                        Loan Fac
Assigned; Suspension Revoked
Kurukshetra Expressway Pvt Ltd          Rupee TL           CRISIL D       7480    Reaffirmed
Linit Exports Pvt Ltd                   Export Packing     -              20      Withdrawn
                                        Credit
Luminous Power Technologies Pvt Ltd     CC*                CRISIL AA+     4500    Reaffirmed
*Cash credit facility fully interchangeable with working capital demand loan
Luminous Power Technologies Pvt Ltd     Proposed CC Limit* CRISIL AA+     50      -
*Cash credit facility fully interchangeable with working capital demand loan
Luminous Power Technologies Pvt Ltd     Proposed TL        CRISIL AA+     1200    Reaffirmed
Maan Aluminium Ltd                      BG                 -              55      Withdrawn
(ISSUER NOT COOPERATING)
Maan Aluminium Ltd                      Bill Discounting   -              20      Withdrawn
(ISSUER NOT COOPERATING)
Maan Aluminium Ltd                      CC                 -              150     Withdrawn
(ISSUER NOT COOPERATING)
Maan Aluminium Ltd                      Foreign Exchange   -              4.5     Withdrawn
                                        Forward
(ISSUER NOT COOPERATING)
Maan Aluminium Ltd                      LOC                -              90.5    Withdrawn
(ISSUER NOT COOPERATING)
Mahabir Cold Storage Pvt Ltd            CC                 CRISIL BB-     193     Reaffirmed
Mahabir Cold Storage Pvt Ltd            TL                 CRISIL BB-     1       Reaffirmed
Maksons Industries Pvt Ltd              CC                 CRISIL BB+     70      -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB
Maksons Industries Pvt Ltd              TL                 CRISIL BB+     8.2     -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB
Maksons Industries Pvt Ltd              WC TL              CRISIL BB+     29.2    -
(ISSUER NOT COOPERATING); Migrated from CRISIL BBB
Manthan Software Services Pvt Ltd       CC/ Overdraft Fac  CRISIL B       200     -
Masyc Projects Pvt Ltd                  CC                 CRISIL BB      15      Assigned
Mehta Petro-Refineries Ltd              CC                 CRISIL BBB-    270     Reaffirmed
(ISSUER NOT COOPERATING)
Mehta Petro-Refineries Ltd              Proposed LT Bk     CRISIL BBB-    70      Reaffirmed
                                        Loan Fac
(ISSUER NOT COOPERATING)
Mehta Petro-Refineries Ltd              Standby LOC        CRISIL BBB-    50      Reaffirmed
(ISSUER NOT COOPERATING)
Mehta Petro-Refineries Ltd              TL                 CRISIL BBB-    30      Reaffirmed
(ISSUER NOT COOPERATING)
Mula Sahakari Sakhar Karkhana Ltd       TL                 CRISIL B       182.5   Reaffirmed
N G Exports International               Export Packing     CRISIL BB-     120     Reaffirmed
                                        Credit
N G Exports International               Proposed WC Fac    CRISIL BB-     30      Reaffirmed
Nahar Spinning Mills Ltd                CC*                CRISIL A       10000   Reaffirmed
*Interchangeable with packing credit foreign currency/overdraft
Nahar Spinning Mills Ltd                Proposed LT Bk     CRISIL A       1541.9  Reaffirmed
                                        Loan Fac
Nahar Spinning Mills Ltd                Proposed TL        CRISIL A       75      Reaffirmed
Nahar Spinning Mills Ltd                TL                 CRISIL A       1817.1  Assigned
Nucon Power Controls Pvt Ltd            CC                 CRISIL A-      50      Reaffirmed
Nucon Power Controls Pvt Ltd            LOC                CRISIL A-      50      Reaffirmed
Nucon Power Controls Pvt Ltd            Proposed LT Bk     CRISIL A-      300     Reaffirmed
                                        Loan Fac
Nucon Switchgears Pvt Ltd               CC                 CRISIL A-      400     Reaffirmed
Nucon Switchgears Pvt Ltd               LOC                CRISIL A-      100     Reaffirmed
Pawar Patkar Constructions Pvt Ltd      CC                 CRISIL BBB-    140     Reaffirmed
(ISSUER NOT COOPERATING)
Powerica Ltd                            CC                 CRISIL AA      1300    Reaffirmed
Prem Henna Pvt Ltd                      CC                 CRISIL BB+     480     Reaffirmed
Upgraded from CRISIL BB- 
Prem Henna Pvt Ltd                      Proposed LT Bk     CRISIL BB+     48.2    Reaffirmed
                                        Loan Fac
Upgraded from CRISIL BB- 
Prem Henna Pvt Ltd                      TL                 CRISIL BB+     71.2    Reaffirmed
Upgraded from CRISIL BB- 
Purple Medical Solutions Pvt Ltd        CC                 CRISIL BB+     95      -
Upgraded from CRISIL BB 
Purple Medical Solutions Pvt Ltd        Corporate Loan     CRISIL BB+     6.1     -
Upgraded from CRISIL BB 
Purple Medical Solutions Pvt Ltd        TL                 CRISIL BB+     3.1     -
Upgraded from CRISIL BB 
Quality Care India Ltd                  CC                 CRISIL A+      770     Reaffirmed
Quality Care India Ltd                  Proposed TL        CRISIL A+      730     Reaffirmed
Quality Care India Ltd                  TL                 CRISIL A+      128     Reaffirmed
Quality Care India Ltd                  NCD                CRISIL A+      2250    -
Ramkrishna Care Medical Sciences Pvt LtdCC                 CRISIL A+      50      Reaffirmed
Ramkrishna Care Medical Sciences Pvt LtdProposed LT Bk     CRISIL A+      23      Reaffirmed
                                        Loan Fac
Ramkrishna Care Medical Sciences Pvt LtdTL                 CRISIL A+      737     Reaffirmed
Ramrati Jagdish Pvt Ltd                 CC                 CRISIL B+      70      Reaffirmed
Ray Constructions Ltd                   Overdraft          CRISIL BB+     100     Reaffirmed
Royal Chains Pvt Ltd                    CC                 CRISIL BBB-    505     Reaffirmed
Royal Chains Pvt Ltd                    Proposed Standby   CRISIL BBB-    50      Assigned
                                        Line of Credit
Royal Chains Pvt Ltd                    Proposed LT Bk     CRISIL BBB-    195     Assigned
                                        Loan Fac
S. B. Deshmukh                          LT Loan            CRISIL BBB-    10      Assigned
S. B. Deshmukh                          CC                 CRISIL BBB-    40      Assigned
S.S. Spinning Mills                     CC                 CRISIL BBB     120     Reaffirmed
S.S. Spinning Mills                     Proposed LT Bk     CRISIL BBB     18      Reaffirmed
                                        Loan Fac
S.S. Spinning Mills                     TL                 CRISIL BBB     42      Reaffirmed
S.S. Spinning Mills                     WC Demand Loan     CRISIL BBB     50      Assigned
Sai Om Petro Specialities Ltd           BG                 -              5       Withdrawn
Sai Om Petro Specialities Ltd           CC                 -              27.5    Withdrawn
Sai Om Petro Specialities Ltd           Letter Of Guarantee-              37.5    Withdrawn
Saibaba Flameproof Switchgears Pvt Ltd  CC                 CRISIL BB      30      Reaffirmed
Satyay Technocast Pvt Ltd               Proposed LT Bk     CRISIL BB+     25      Assigned
                                        Loan Fac
Satyay Technocast Pvt Ltd               CC                 CRISIL BB+     25      Assigned
Satyay Technocast Pvt Ltd               LT Loan            CRISIL BB+     20      Assigned
Save Meditech Systems Pvt Ltd           CC                 CRISIL B+      26.5    Assigned
Secunderabad Hotels Pvt Ltd             CC                 CRISIL BBB     17.5    -
Upgraded from CRISIL BBB-
Secunderabad Hotels Pvt Ltd             LT Loan            CRISIL BBB     307.5   -
Upgraded from CRISIL BBB-
Sharma Construction Co.                 CC                 CRISIL B+      50      Reaffirmed
Sharma Construction Co.                 Proposed LT Bk     CRISIL B+      28      Reaffirmed
                                        Loan Fac
Sharma Construction Co.                 Standby LOC        CRISIL B+      12      Reaffirmed
Shri Siddhivinayaga Tex India Pvt Ltd   CC                 CRISIL BBB     400     Withdrawn
Shri Siddhivinayaga Tex India Pvt Ltd   TL                 CRISIL BBB     100     Reaffirmed
Shri Siddhivinayaga Tex India Pvt Ltd   Warehouse FinancingCRISIL BBB     200     Reaffirmed
Shukan Hospital LLP                     CC                 CRISIL B+      5       Assigned
Shukan Hospital LLP                     TL                 CRISIL B+      94      Assigned
Sibrama Newage                          Packing Credit     CRISIL BBB     120     Reaffirmed
Sikka Ports & Terminals Ltd             Rupee TL           -              29100.1 Withdrawn
Sikka Ports & Terminals Ltd             NCD                CRISIL AAA     35000   Assigned
Sikka Ports & Terminals Ltd             NCD                CRISIL AAA     25000   Reaffirmed
Sikka Ports & Terminals Ltd             NCD                CRISIL AAA     40000   Reaffirmed
Sikka Ports & Terminals Ltd             NCD                CRISIL AAA     20000   Reaffirmed
Sikka Ports & Terminals Ltd             NCD                CRISIL AAA     20000   Reaffirmed
Solarium Green Energy LLP               CC                 CRISIL B+      25      Assigned
Solarium Green Energy LLP               TL                 CRISIL B+      40      Assigned
Sri Rudra Ginning Mill                  CC                 CRISIL B+      60      -
Upgraded from CRISIL B 
Sri Rudra Ginning Mill                  LT Loan            CRISIL B+      23      -
Upgraded from CRISIL B 
Sri Rudra Ginning Mill                  Proposed LT Bk     CRISIL B+      7       -
                                        Loan Fac
Upgraded from CRISIL B 
Sri Vignesh Yarns Pvt Ltd               CC                 CRISIL BBB     200     -
Sri Vignesh Yarns Pvt Ltd               Proposed LT Bk     CRISIL BBB     100.5   Reaffirmed
                                        Loan Fac
Sri Vignesh Yarns Pvt Ltd               TL                 CRISIL BBB     70      -
Sula Vineyards Pvt Ltd                  Proposed LT Bk     CRISIL A       8       Reaffirmed
                                        Loan Fac
Sula Vineyards Pvt Ltd                  TL                 CRISIL A       390     Reaffirmed
Supertex Industries Ltd                 CC                 CRISIL B+      75      Reaffirmed
Supertex Industries Ltd                 Export Packing     CRISIL B+      35      Reaffirmed
                                        Credit
Supertex Industries Ltd                 Proposed LT Bk     CRISIL B+      40      Reaffirmed
                                        Loan Fac
Swarnsarita Gems Ltd                    CC                 CRISIL BB+     500     Reaffirmed
(ISSUER NOT COOPERATING)
Swarnsarita Gems Ltd                    Proposed LT Bk     CRISIL BB+     120     Reaffirmed
                                        Loan Fac
(ISSUER NOT COOPERATING)
The Cots Knits                          Bill Discounting   CRISIL B+      5       Reaffirmed
The Cots Knits                          CC                 CRISIL B+      3.5     Reaffirmed
The Cots Knits                          Proposed LT Bk     CRISIL B+      67.4    Reaffirmed
                                        Loan Fac
TLG Agro Traders Pvt Ltd                CC                 CRISIL B       172.5   Reaffirmed
TLG Agro Traders Pvt Ltd                Warehouse Receipts CRISIL B       22.4    Reaffirmed
TMI Healthcare Pvt Ltd                  LT Loan            CRISIL BB      105     Reaffirmed
(ISSUER NOT COOPERATING)
Torrent Power Grid Ltd                  LT Loan            CRISIL AA      2440    Reaffirmed
Tribeni Constructions Ltd               LT Loan            CRISIL BBB+    400     Assigned
Tribeni Constructions Ltd               CC                 CRISIL BBB+    360     Assigned
Trident Ltd                             CC                 CRISIL A+      12000   Reaffirmed
Trident Ltd                             LT Loan            CRISIL A+      18177.1 Reaffirmed
Vardhman Acrylics Ltd                   CC@                CRISIL AA      100     Reaffirmed
@Rs.5.5 crore cash credit facility interchangeable with short-term loan facility
Vardhman Acrylics Ltd                   FB Fac#            CRISIL AA      350     Reaffirmed
#Interchangeable with Non-Fund Based Facility
Vardhman Acrylics Ltd                   Proposed WC Fac    CRISIL AA      40      Reaffirmed
Vardhman Acrylics Ltd                   TL                 CRISIL AA      10      Reaffirmed
Vardhman Nisshinbo Garments Co. Ltd     CC^                CRISIL A+      85      Reaffirmed
^Interchangeable with non-fun based (LC & BGs)
Vardhman Nisshinbo Garments Co. Ltd     LT Loan            CRISIL A+      243.8   Reaffirmed
Vardhman Nisshinbo Garments Co. Ltd     Proposed LT Bk     CRISIL A+      114     Reaffirmed
                                        Loan Fac
Vardhman Special Steels Ltd             CC                 CRISIL AA      1500    -
Upgraded from CRISIL AA-/Positive
Vardhman Special Steels Ltd             Corporate Loan     CRISIL AA      1400    -
Upgraded from CRISIL AA-/Positive
Vardhman Special Steels Ltd             Foreign Currency TLCRISIL AA      1110.9  -
Upgraded from CRISIL AA-/Positive
Vardhman Special Steels Ltd             TL                 CRISIL AA      454.3
Vardhman Textiles Ltd                   CC*                CRISIL AA+     15000   Reaffirmed
*Includes Rs 1155 crore sublimit for packing credit
Vardhman Textiles Ltd                   Foreign Bill       CRISIL AA+     2500    Reaffirmed
                                        Purchase
Vardhman Textiles Ltd                   FB Fac^            CRISIL AA+     2000    Reaffirmed
^Interchangeable with non-fund based limits
Vardhman Textiles Ltd                   Proposed LT Bk     CRISIL AA+     2.3     Reaffirmed
                                        Loan Fac
Vardhman Textiles Ltd                   Proposed Rupee TL  CRISIL AA+     8460    Reaffirmed
Vardhman Textiles Ltd                   Rupee TL           CRISIL AA+     24200   Reaffirmed
Vardhman Textiles Ltd                   NCD                CRISIL AA+     5000    Reaffirmed
Vedanta Creations Ltd                   CC                 CRISIL BB+     50      Reaffirmed
VEL Castings Pvt Ltd                    CC                 -              10      Withdrawn
VEL Castings Pvt Ltd                    TL                 -              110     Withdrawn
VMT Spinning Co. Ltd                    CC#                CRISIL AA      60      Reaffirmed
#Interchangeable with Packing Credit and Bill Discounting
VMT Spinning Co. Ltd                    CC*                CRISIL AA      90      Reaffirmed
*Interchangeable with Packing Credit & includes sub limit of Rs 2.5 crores for 
Foreign Bills Purchase/ Foreign Bills Discounting facilities
VMT Spinning Co. Ltd                    Proposed TL        CRISIL AA      264     Reaffirmed
VMT Spinning Co. Ltd                    Proposed WC Fac    CRISIL AA      5.5     Reaffirmed
VMT Spinning Co. Ltd                    TL                 CRISIL AA      470.5   Reaffirmed
Xytel India Pvt Ltd                     CC                 CRISIL BBB-    30      Assigned
Zion Holidays Pvt Ltd                   Cash TL            CRISIL B       138     Assigned
Zion Holidays Pvt Ltd                   Proposed FB Bk     CRISIL B       22      Assigned
                                        Limits
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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