March 17, 2020 / 5:07 AM / 13 days ago

CRISIL ratings for Indian debt instruments-Mar 17

    Mar 17  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of March 16, 2020.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alcon Biosciences Pvt Ltd               BG                 CRISIL A4+     2.5     Reaffirmed
Alcon Biosciences Pvt Ltd               LOC                CRISIL A4+     20      Reaffirmed
Amar Polyfils Pvt Ltd                   LOC                CRISIL A3      60      Reaffirmed
A.V.Wires Pvt Ltd                       Bill Discounting   CRISIL A4+     10                 
                                        under LOC                    
Migrated from 'CRISIL A4+'; Rating Withdrawn(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Bill Discounting   CRISIL A4      80      Reaffirmed
Bnazrum Agro Exports Pvt Ltd            Packing Credit     CRISIL A4      212.5   Reaffirmed
Chem Mart                               BG                 CRISIL A3      10      Reaffirmed
                                                                                  and Withdrawn
Euro Panel Products Pvt Ltd             BG                 CRISIL A4+     10      Reaffirmed
Euro Panel Products Pvt Ltd             LOC                CRISIL A4+     280     Reaffirmed
GOL Offshore Ltd                        ST Loan            CRISIL D       1500    Reaffirmed
Greensol Renewable Power Pvt Ltd        BG                 CRISIL A4+     50      Reaffirmed
Greensol Renewable Power Pvt Ltd        LOC                CRISIL A4+     60      Reaffirmed
Hightension Electrical Equipments Pvt   BG                 CRISIL A4+     30      Reaffirmed
Ltd
Himachal Wire Industries Pvt Ltd        BG                 CRISIL A4+     70
(Issuer Not Cooperating)
Himachal Wire Industries Pvt Ltd        Bill Discounting   CRISIL A4+     30
(Issuer Not Cooperating)
Himachal Wire Industries Pvt Ltd        Letter Of GuaranteeCRISIL A4+     5
(Issuer Not Cooperating)
Hindustan Forging and Steel Industries  LOC                CRISIL A4+     33      Assigned
J.D. Philomin Palaster Dhas             BG                 CRISIL A4      30
(Issuer Not Cooperating)
Jai Singh and Company                   BG                 CRISIL A4+     65      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
K. V. Chinnaiah                         BG                 CRISIL A4      30
(Issuer Not Cooperating)
Kashi Kanchan Pvt Ltd                   BG                 CRISIL A4      40
(Issuer Not Cooperating)
Kisaan Die Tech Pvt Ltd                 BG                 CRISIL A4      2.5
(Issuer Not Cooperating)
Komal Cashews                           Overdraft          CRISIL A4      10
(Issuer Not Cooperating)
Kotak Investment Advisors Ltd           BG                 CRISIL A1+     300     Reaffirmed
Kotak Investment Advisors Ltd           CP                 CRISIL A1+     1000    Reaffirmed
Lado Ceramic Pvt Ltd                    BG                 CRISIL A4      10
(Issuer Not Cooperating)
Lovincare Cosmetics Pvt Ltd             LOC                CRISIL A2      73      Rating
                                                                                  reaffirmed
                                                                                  and Withdrawn
M.M. Import and Export                  LOC                CRISIL A4      70
(Issuer Not Cooperating)
Mohit Ventures Pvt Ltd                  BG                 CRISIL A4      35
(Issuer Not Cooperating) 
Maamundeshwari Agro Oils Pvt Ltd        Proposed ST Bk     CRISIL A4      4
                                        Loan Fac
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              BG                 CRISIL A4      1
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              Inland/Import LOC  CRISIL A4      5
(Issuer Not Cooperating)
Manchester Textile Pvt Ltd              Proposed ST Bk     CRISIL A4+     10      Reaffirmed
                                        Loan Fac                                  and Withdrawn
Mateshwari Paper Mill Pvt Ltd           Proposed LOC       CRISIL A4      6
(Issuer Not Cooperating)
Matri Mandir Himghar Pvt Ltd            BG                 CRISIL A4      8.7
(Issuer Not Cooperating)
Med Freshe Pvt Ltd                      Inland/Import LOC  CRISIL A4      55
(Issuer Not Cooperating)
Meeka Machinery Pvt Ltd                 BG                 CRISIL A4      40      Reaffirmed
Midas Care Pharmaceuticals Pvt Ltd      LOC                CRISIL A2      85      Rating
                                                                                  reaffirmed
                                                                                  and Withdrawn
Mil India Pvt Ltd                       BG                 CRISIL A3      70      Assigned
Muktar Infrastructure India Pvt Ltd     BG                 CRISIL A4      5
(Issuer Not Cooperating)
Mundhra Jewellers Pvt Ltd               Proposed ST Bk     CRISIL A4+     50      Assigned
                                        Loan Fac
Naatchiar Textile Exporters             Foreign Bill       CRISIL A4      115
                                        Negotiation
(Issuer Not Cooperating)
Naatchiar Textile Exporters             LOC                CRISIL A4      30
(Issuer Not Cooperating)
Naatchiar Textile Exporters             Packing Credit in  CRISIL A4      70
                                        Foreign Currency
(Issuer Not Cooperating)
National Ventures Pvt Ltd               LOC                CRISIL A4      92.2
(Issuer Not Cooperating)
National Ventures Pvt Ltd               Proposed ST Bk     CRISIL A4      7.8
                                        Loan Fac
(Issuer Not Cooperating)
Nemi Chem                               LOC                CRISIL A4      60
(Issuer Not Cooperating)
Nestor Pharmaceuticals Ltd              BG                 CRISIL A4      100
(Issuer Not Cooperating)
Nilanjan Iron Pvt Ltd                   BG                 CRISIL A4+     20      Reaffirmed
Nilanjan Iron Pvt Ltd                   LOC                CRISIL A4+     120     Reaffirmed
Orbis Financial Corporation Ltd         BG                 CRISIL A2      1900    Assigned
Orbis Financial Corporation Ltd         Proposed BG        CRISIL A2      1100    Assigned
Sri Thirumalai Balaji Spinning Mills    BG                 CRISIL A4      7.5                
-Erode                                                                                        
(Issuer Not Cooperating) 
Valentis Cancer Care Hospital Pvt Ltd   BG                 CRISIL A4+     1.2     Withdrawn
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Alcon Biosciences Pvt Ltd               Line of Credit     CRISIL         105     Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
Alcon Biosciences Pvt Ltd               Loan Against       CRISIL         21      Upgraded from
                                        Property           BB+/Stable             CRISIL
                                                                                  BB/Stable
Amar Polyfils Pvt Ltd                   CC                 CRISIL         90      Reaffirmed
                                                           BBB-/Stable
Amar Polyfils Pvt Ltd                   TL                 CRISIL         17.5    Reaffirmed
                                                           BBB-/Stable
Aradhana Builders Pvt Ltd               Drop Line          CRISIL D       45      Downgraded
                                        Overdraft Fac                             from CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Aradhana Builders Pvt Ltd               Proposed TL        CRISIL D       55      Downgraded
                                                                                  from CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Aradhana Builders Pvt Ltd               TL                 CRISIL D       100     Downgraded
                                                                                  from CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
A.V.Wires Pvt Ltd                       CC                 CRISIL         50                 
                                                           BB-/Stable                         
Migrated from 'CRISIL BB-/Stable'; Rating Withdrawn(Issuer Not Cooperating)
A.V.Wires Pvt Ltd                       LT Loan            CRISIL         20                 
                                                           BB-/Stable                         
Migrated from 'CRISIL BB-/Stable'; Rating Withdrawn(Issuer Not Cooperating)
A.V.Wires Pvt Ltd                       Proposed LT Bk     CRISIL         20                 
                                        Loan Fac           BB-/Stable                         
Migrated from 'CRISIL BB-/Stable'; Rating Withdrawn(Issuer Not Cooperating)
Bhosale Industries                      CC                 CRISIL         8.5     Withdrawn
                                                           BB-/Stable and
                                                           Withdrawn
(Issuer Not Cooperating)
Bnazrum Agro Exports Pvt Ltd            Overdraft          CRISIL         10      Reaffirmed
                                                           B+/Stable
Bnazrum Agro Exports Pvt Ltd            Proposed WC Fac                   47.5    Reaffirmed
Chem Mart                               CC                 CRISIL         95      Reaffirmed
                                                           BBB-/Stable            and Withdrawn
Envirox Protection Company Pvt Ltd      BG                 CRISIL C       100     Reaffirmed
                                                                                  and Withdrawn
Envirox Protection Company Pvt Ltd      Proposed LT Bk     CRISIL C       80      Reaffirmed
                                        Loan Fac                                  and Withdrawn
Euro Panel Products Pvt Ltd             CC                 CRISIL         80      Reaffirmed
                                                           BB+/Stable
Euro Panel Products Pvt Ltd             LT Loan            CRISIL         132     Reaffirmed
                                                           BB+/Stable
Film Farm India Pvt Ltd                 CC                 CRISIL         80      Reaffirmed
                                                           B+/Stable
Film Farm India Pvt Ltd                 LT Loan            CRISIL         3.6     Reaffirmed
                                                           B+/Stable
Film Farm India Pvt Ltd                 Proposed LT Bk     CRISIL         16.4    Reaffirmed
                                        Loan Fac           B+/Stable
Friends Speciality Medicine Pvt Ltd     Proposed FB Bk     CRISIL         27      Assigned
                                        Limits             BB+/Stable
Friends Speciality Medicine Pvt Ltd     Proposed BG        CRISIL         3       Assigned
                                                           BB+/Stable
Friends Speciality Medicine Pvt Ltd     Proposed CC Limit  CRISIL         70      Assigned
                                                           BB+/Stable
GOL Offshore Ltd                        LOC & BG           CRISIL D       1850    Reaffirmed
GOL Offshore Ltd                        LT Loan            CRISIL D       8020    Reaffirmed
GOL Offshore Ltd                        Proposed LOC & BG  CRISIL D       650     Reaffirmed
GOL Offshore Ltd                        Proposed LT Bk     CRISIL D       2980    Reaffirmed
                                        Loan Fac
Greensol Renewable Power Pvt Ltd        CC                 CRISIL         65      Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Greensol Renewable Power Pvt Ltd        Proposed WC Fac    CRISIL         45      Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Hightension Electrical Equipments Pvt   Bill Discounting   CRISIL         40      Reaffirmed
Ltd                                                        BB/Stable
Hightension Electrical Equipments Pvt   CC                 CRISIL         40      Reaffirmed
Ltd                                                        BB/Stable
Himachal Wire Industries Pvt Ltd        CC                 CRISIL         75
                                                           BB/Stable
(Issuer Not Cooperating)
Hindustan Forging and Steel Industries  WC TL              CRISIL         10      Assigned
                                                           BB/Stable
Hindustan Forging and Steel Industries  Proposed LT Bk     CRISIL         4.2     Assigned
                                        Loan Fac           BB/Stable
Hindustan Forging and Steel Industries  Medium TL          CRISIL         79.8    Assigned
                                                           BB/Stable
Hindustan Forging and Steel Industries  Bill Discounting   CRISIL         40      Assigned
                                                           BB/Stable
Hindustan Forging and Steel Industries  CC                 CRISIL         63      Assigned
                                                           BB/Stable
Invest Gold and General Finance Pvt Ltd Proposed LT Bk     CRISIL         50      Withdrawn
                                        Loan Fac           B+/Stable
J.D. Philomin Palaster Dhas             CC                 CRISIL B+      25
(Issuer Not Cooperating)
Jagannath Polymers Ltd                  CC                 CRISIL         56
                                                           B/Stable
(Issuer Not Cooperating)
Jagannath Polymers Ltd                  LT Loan            CRISIL         3.8
                                                           B/Stable
(Issuer Not Cooperating)
Jagannath Polymers Ltd                  Proposed LT Bk     CRISIL         40.2
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Jagruteshwar Metals Pvt Ltd             CC                 CRISIL         4.5     Reaffirmed
                                                           B+/Stable              and Withdrawn
Jagruteshwar Metals Pvt Ltd             Proposed LT Bk     CRISIL         20.5    Reaffirmed
                                        Loan Fac           B+/Stable              and Withdrawn
Jagruteshwar Metals Pvt Ltd             TL                 CRISIL         55      Reaffirmed
                                                           B+/Stable              and Withdrawn
Jahanvi Ispat Pvt Ltd                   CC                 CRISIL D       70
(Issuer Not Cooperating)
Jahanvi Ispat Pvt Ltd                   LT Loan            CRISIL D       110
(Issuer Not Cooperating)
Jai Singh and Company                   Proposed BG        CRISIL         25      Upgraded from
                                                           BB+/Stable             CRISIL
                                                                                  BB/Stable
Jai Singh and Company                   Proposed LT Bk     CRISIL         15      Upgraded from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BB/Stable
Jamnagar Utilities and Power Pvt Ltd    Corporate Credit   CCR AAA/Stable -       Reaffirmed
                                        Rating
Jamnagar Utilities and Power Pvt Ltd    External           CRISIL         19000   Reaffirmed
                                        Commercial         AAA/Stable
                                        Borrowings
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL         17250   Reaffirmed
                                                           AAA/Stable
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL         20000   Reaffirmed
                                                           AAA/Stable
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL         20000   Reaffirmed
                                                           AAA/Stable
Jamnagar Utilities and Power Pvt Ltd    NCD                CRISIL         5250    Withdrawn
                                                           AAA/Stable
Jashank Impex Pvt Ltd                   CC                 CRISIL         100
                                                           B+/Stable
(Issuer Not Cooperating)
Javery Incorporation                    CC                 CRISIL         75      Reaffirmed
                                                           B+/Stable              and Withdrawn
JR Foods                                CC                 CRISIL         150
                                                           B+/Stable
(Issuer Not Cooperating)
K and M Sheltors Pvt Ltd                Rupee TL           CRISIL         75
                                                           B/Stable
(Issuer Not Cooperating)
K. Lall International                   CC                 CRISIL         5
                                                           B+/Stable
(Issuer Not Cooperating)
K. Lall International                   Foreign LOC        CRISIL         200
                                                           B+/Stable
(Issuer Not Cooperating)
K. V. Chinnaiah                         CC                 CRISIL         35
                                                           B/Stable
(Issuer Not Cooperating)
K. V. Chinnaiah                         Cash TL            CRISIL         35
                                                           B/Stable
(Issuer Not Cooperating)
Kamal Jewellers                         CC                 CRISIL         62.5    Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kamal Jewellers                         Proposed CC Limit  CRISIL         66.5    Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kamal Jewellers                         WC Fac             CRISIL         107.5   Migrated from
                                                           BBB-/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Kashi Kanchan Pvt Ltd                   CC                 CRISIL         150
                                                           B+/Stable
(Issuer Not Cooperating)
Kineta Global Ltd                       CC                 CRISIL         300
                                                           B/Stable
(Issuer Not Cooperating)
Kineta Global Ltd                       Proposed LT Bk     CRISIL         900
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Kisaan Die Tech Pvt Ltd                 CC                 CRISIL         51
                                                           B+/Stable
(Issuer Not Cooperating)
Kisaan Die Tech Pvt Ltd                 Proposed LT Bk     CRISIL         4
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Klassik Enterprises Pvt Ltd             Proposed LT Bk     CRISIL         130
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Klassik Enterprises Pvt Ltd             TL                 CRISIL         170
                                                           B-/Stable
(Issuer Not Cooperating)
Komal Cashews                           Pledge Loan        CRISIL         52.5
                                                           B/Stable
(Issuer Not Cooperating)
Komal Cashews                           Proposed LT Bk     CRISIL         42.5
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Kotak Investment Advisors Ltd           Overdraft          CRISIL         400     Reaffirmed
                                                           AAA/Stable
Kotak Investment Advisors Ltd           NCD                CRISIL         1500    Assigned
                                                           AAA/Stable
Kotak Investment Advisors Ltd           NCD                CRISIL         2500    Reaffirmed
                                                           AAA/Stable
Kotak Investment Advisors Ltd           PS                 CRISIL         1000    Reaffirmed
                                                           AAA/Stable
Krishna Agro Industries                 CC                 CRISIL         70
                                                           B+/Stable
(Issuer Not Cooperating)
Krishna Agro Industries                 TL                 CRISIL         10
                                                           B+/Stable
(Issuer Not Cooperating)
Krishnaam Mobile and accessories Pvt LtdCC                 CRISIL D       67
(Issuer Not Cooperating)
Krishnaam Mobile and accessories Pvt LtdProposed LT Bk     CRISIL D       9
                                        Loan Fac
(Issuer Not Cooperating)
KTC Cars India Pvt Ltd                  BG                 CRISIL D       80
(Issuer Not Cooperating)
KTC Cars India Pvt Ltd                  CC                 CRISIL D       30
(Issuer Not Cooperating)
KTC Cars India Pvt Ltd                  LT Loan            CRISIL D       50
(Issuer Not Cooperating)
Kuber Agricold Pvt Ltd                  CC                 CRISIL         1
                                                           B-/Stable
(Issuer Not Cooperating)
Kuber Agricold Pvt Ltd                  TL                 CRISIL         99
                                                           B-/Stable
(Issuer Not Cooperating)
Kumud Rice and Dal Mill                 CC                 CRISIL         80
                                                           B+/Stable
(Issuer Not Cooperating)
Lakshmi Traders - Chennai               CC                 CRISIL D       40      (Issuer Not
                                                                                  Cooperating)
Lakshmi Traders - Chennai               Proposed WC Fac    CRISIL D       20      (Issuer Not
                                                                                  Cooperating)
Laxmi Cotton Industries (Paratwada)     CC                 CRISIL B       60      Issuer Not
                                                                                  Cooperating
Lado Ceramic Pvt Ltd                    CC                 CRISIL         20
                                                           B/Stable
(Issuer Not Cooperating)
Lado Ceramic Pvt Ltd                    Proposed LT Bk     CRISIL         12.5
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Lado Ceramic Pvt Ltd                    TL                 CRISIL         25
                                                           B/Stable
(Issuer Not Cooperating)
Lakshmi Ranga Enterprises Pvt Ltd       CC                 CRISIL D       77.5
(Issuer Not Cooperating)
Lakshmi Ranga Enterprises Pvt Ltd       TL                 CRISIL D       22.5
(Issuer Not Cooperating)
Landmark Development Corporation Pvt LtdProposed LT Bk     CRISIL         50
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Lovincare Cosmetics Pvt Ltd             CC                 CRISIL         30      Rating
                                                           BBB+/Stable            reaffirmed
                                                                                  and Withdrawn
Lovincare Cosmetics Pvt Ltd             Proposed LT Bk     CRISIL         27      Rating
                                        Loan Fac           BBB+/Stable            reaffirmed
                                                                                  and Withdrawn
Lovincare Cosmetics Pvt Ltd             TL                 CRISIL         40      Rating
                                                           BBB+/Stable            reaffirmed
                                                                                  and Withdrawn
M. L. M. Agencies                       CC                 CRISIL         7.5
                                                           B+/Stable
(Issuer Not Cooperating)
M. L. M. Agencies                       Proposed CC Limit  CRISIL         52.5
                                                           B+/Stable
(Issuer Not Cooperating)
M.M. Import and Export                  CC                 CRISIL B       10                 
(Issuer Not Cooperating)
Mahavir Agro Foods - Karnal             CC                 CRISIL B+      30                
(Issuer Not Cooperating)
Mahavir Agro Foods - Karnal             TL                 CRISIL B+      38.5              
(Issuer Not Cooperating)
Mahavir Enterprises                     CC                 CRISIL D       140                
(Issuer Not Cooperating)
Mittal Alloy Castings Company           CC                 CRISIL D       20                
(Issuer Not Cooperating)
Mittal Alloy Castings Company           LT Loan            CRISIL D       33
(Issuer Not Cooperating)
Mohit Ventures Pvt Ltd                  CC                 CRISIL B       65                 
(Issuer Not Cooperating)
Mohit Ventures Pvt Ltd                  TL                 CRISIL B       140
(Issuer Not Cooperating)
Ma Chandi Durga Cement Ltd              CC                 CRISIL D       104.7
(Issuer Not Cooperating)
Ma Chandi Durga Cement Ltd              LT Loan            CRISIL D       193.3
(Issuer Not Cooperating)
Ma Chandi Durga Cement Ltd              Overdraft          CRISIL D       32
(Issuer Not Cooperating)
Maa Subhala Cold Storage Pvt Ltd        CC                 CRISIL         52.5
                                                           B-/Stable
(Issuer Not Cooperating)
Maa Subhala Cold Storage Pvt Ltd        Proposed LT Bk     CRISIL         45.7
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Maa Subhala Cold Storage Pvt Ltd        TL                 CRISIL         1.8
                                                           B-/Stable
(Issuer Not Cooperating)
Maa Subhala Cold Storage Pvt Ltd        WC TL              CRISIL         10
                                                           B-/Stable
(Issuer Not Cooperating)
Maamundeshwari Agro Oils Pvt Ltd        CC                 CRISIL         25
                                                           B-/Stable
(Issuer Not Cooperating)
Maamundeshwari Agro Oils Pvt Ltd        LT Loan            CRISIL         41
                                                           B-/Stable
(Issuer Not Cooperating)
Madhava Hytech Infrastructures India    BG                 CRISIL D       100
Pvt Ltd
(Issuer Not Cooperating)
Madhava Hytech Infrastructures India    CC                 CRISIL D       40
Pvt Ltd
(Issuer Not Cooperating)
Madhuban Agristorage Pvt Ltd            TL                 CRISIL         200
                                                           B/Stable
(Issuer Not Cooperating)
Magna Homes                             TL                 CRISIL         300
                                                           B/Stable
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              CC                 CRISIL         95.5
                                                           B+/Stable
(Issuer Not Cooperating)
Mahajan Silk Mills Pvt Ltd              LOC                CRISIL         15.7
                                                           B+/Stable
(Issuer Not Cooperating)
Manchester Textile Pvt Ltd              CC                 CRISIL         150     Reaffirmed
                                                           BB+/Stable             and Withdrawn
Manchester Textile Pvt Ltd              Proposed LT Bk     CRISIL         190     Reaffirmed
                                        Loan Fac           BB+/Stable             and Withdrawn
Mangudiyar Modern Rice Mill             CC                 CRISIL         68
                                                           B+/Stable
(Issuer Not Cooperating)
Mangudiyar Modern Rice Mill             TL                 CRISIL         12
                                                           B+/Stable
(Issuer Not Cooperating)
Manoj Kumar Vipin Kumar                 Warehouse Receipts CRISIL         50
                                                           B/Stable
(Issuer Not Cooperating)
Manoj Kumar Vipin Kumar                 WC Demand Loan     CRISIL         30
                                                           B/Stable
(Issuer Not Cooperating)
Manraash Processors                     BG                 CRISIL D       0.5
(Issuer Not Cooperating)
Manraash Processors                     CC                 CRISIL D       20
(Issuer Not Cooperating)
Manraash Processors                     LT Loan            CRISIL D       56.1
(Issuer Not Cooperating)
Manraash Processors                     Proposed LT Bk     CRISIL D       20
                                        Loan Fac
(Issuer Not Cooperating)
Masafi Developers Pvt Ltd               LT Loan            CRISIL         100
                                                           B/Stable
(Issuer Not Cooperating)
Masur Garden Resorts Pvt Ltd            Proposed LT Bk     CRISIL         2.5
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Masur Garden Resorts Pvt Ltd            TL                 CRISIL         58
                                                           B/Stable
(Issuer Not Cooperating)
Mateshwari Paper Mill Pvt Ltd           Proposed CC Limit  CRISIL         16.5
                                                           B+/Stable
(Issuer Not Cooperating)
Mateshwari Paper Mill Pvt Ltd           Proposed TL        CRISIL         50
                                                           B+/Stable
(Issuer Not Cooperating)
Matri Mandir Himghar Pvt Ltd            CC                 CRISIL         58
                                                           B+/Stable
(Issuer Not Cooperating)
Matri Mandir Himghar Pvt Ltd            Proposed LT Bk     CRISIL         4.1
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Matri Mandir Himghar Pvt Ltd            TL                 CRISIL         9.2
                                                           B+/Stable
(Issuer Not Cooperating)
Maya Aromatics                          CC                 CRISIL         40
                                                           B/Stable
(Issuer Not Cooperating)
Maya Aromatics                          Proposed LT Bk     CRISIL         2.3
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Maya Aromatics                          TL                 CRISIL         33.7
                                                           B/Stable
(Issuer Not Cooperating)
Mayflower Hotels and Resorts            TL                 CRISIL         100
                                                           B/Stable
(Issuer Not Cooperating)
Meeka Machinery Pvt Ltd                 CC                 CRISIL         42.5    Reaffirmed
                                                           B+/Stable
Meti Cotton Ginning and Pressing FactoryCC                 CRISIL         27.5
                                                           B+/Stable
(Issuer Not Cooperating)
Meti Cotton Ginning and Pressing FactoryProposed TL        CRISIL         30
                                                           B+/Stable
(Issuer Not Cooperating)
Meti Cotton Ginning and Pressing FactoryTL                 CRISIL         42.5
                                                           B+/Stable
(Issuer Not Cooperating)
Midas Care Pharmaceuticals Pvt Ltd      CC                 CRISIL         275     Rating
                                                           BBB+/Stable            reaffirmed
                                                                                  and Withdrawn
Midas Care Pharmaceuticals Pvt Ltd      Proposed LT Bk     CRISIL         260     Rating
                                        Loan Fac           BBB+/Stable            reaffirmed
                                                                                  and Withdrawn
Mil India Pvt Ltd                       Proposed TL        CRISIL         8       Assigned
                                                           BBB-/Stable
Mil India Pvt Ltd                       Foreign LOC        CRISIL         5       Assigned
                                                           BBB-/Stable
Mil India Pvt Ltd                       Export Packing     CRISIL         30      Assigned
                                        Credit             BBB-/Stable
Mil India Pvt Ltd                       CC                 CRISIL         15      Assigned
                                                           BBB-/Stable
Moat Project Management Pvt Ltd         Proposed LT Bk     CRISIL         100
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Monarch Info Tech Services Pvt Ltd      Overdraft          CRISIL         50
                                                           B+/Stable
(Issuer Not Cooperating)
Monarch Info Tech Services Pvt Ltd      Proposed LT Bk     CRISIL         10
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
MPL Automobiles Agency Pvt Ltd          Inventory Funding  CRISIL         125
                                        Fac                B-/Stable
(Issuer Not Cooperating)
MPL Automobiles Agency Pvt Ltd          Secured Overdraft  CRISIL         250
                                        Fac                B-/Stable
(Issuer Not Cooperating)
MPL Motors Pvt Ltd                      CC                 CRISIL         16
                                                           B-/Stable
(Issuer Not Cooperating)
MPL Motors Pvt Ltd                      Inventory Funding  CRISIL         25
                                        Fac                B-/Stable
(Issuer Not Cooperating)
Muktar Infrastructure India Pvt Ltd     CC                 CRISIL         44
                                                           B-/Stable
(Issuer Not Cooperating)
Muktar Infrastructure India Pvt Ltd     Proposed LT Bk     CRISIL         96.2
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Muktar Infrastructure India Pvt Ltd     TL                 CRISIL         301.5
                                                           B-/Stable
(Issuer Not Cooperating)
Mundhra Jewellers Pvt Ltd               CC                 CRISIL         200     Assigned
                                                           BB+/Stable
Mundhra Jewellers Pvt Ltd               Proposed LT Bk     CRISIL         100     Assigned
                                        Loan Fac           BB+/Stable
Murali Ads and Publicities              CC                 CRISIL         15
                                                           B+/Stable
(Issuer Not Cooperating)
Murali Ads and Publicities              LT Loan            CRISIL         210
                                                           B+/Stable
(Issuer Not Cooperating)
Murali Ads and Publicities              Proposed LT Bk     CRISIL         25
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Naatchiar Textile Exporters             Proposed LT Bk     CRISIL         1.5
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Nagpur Beverages Pvt Ltd                CC                 CRISIL         60
                                                           B/Stable
(Issuer Not Cooperating)
Nanda Gokula Industries                 CC                 CRISIL         55
                                                           B+/Stable
(Issuer Not Cooperating)
Naresh Kumar Rajendra Kumar             CC - Book Debt     CRISIL         82.5
                                                           B+/Stable
(Issuer Not Cooperating)
Nath Motors Pvt Ltd                     Inventory Funding  CRISIL         262.5
                                        Fac                B+/Stable
(Issuer Not Cooperating)
Nath Motors Pvt Ltd                     Proposed LT Bk     CRISIL         337.5
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Nemi Chem                               CC                 CRISIL         20
                                                           B+/Stable
(Issuer Not Cooperating)
Nemi Chem                               Proposed LT Bk     CRISIL         10
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Nestor Pharmaceuticals Ltd              CC                 CRISIL         520.3
                                                           B-/Stable
(Issuer Not Cooperating)
Nestor Pharmaceuticals Ltd              Proposed LT Bk     CRISIL         9.7
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Nexgen Consultancy Pvt Ltd              Proposed CC Limit  CRISIL         7.5
                                                           B-/Stable
(Issuer Not Cooperating)
Nexgen Consultancy Pvt Ltd              Proposed LT Bk     CRISIL         37.5
                                        Loan Fac           B-/Stable
(Issuer Not Cooperating)
Nexgen Consultancy Pvt Ltd              Proposed Overdraft CRISIL         30
                                        Fac                B-/Stable
(Issuer Not Cooperating)
NHS Industries                          Overdraft          CRISIL D       25
(Issuer Not Cooperating)
NHS Industries                          TL                 CRISIL D       84
(Issuer Not Cooperating)
Nilanjan Iron Pvt Ltd                   CC                 CRISIL         72.9    Reaffirmed
                                                           BB/Stable
Nilanjan Iron Pvt Ltd                   Rupee TL           CRISIL         17.1    Reaffirmed
                                                           BB/Stable
Nizam Deccan Sugars Ltd                 CC                 CRISIL D       1033
(Issuer Not Cooperating)
Nizam Deccan Sugars Ltd                 LOC & BG           CRISIL D       5
(Issuer Not Cooperating)
Nizam Deccan Sugars Ltd                 Proposed LT Bk     CRISIL D       480.9
                                        Loan Fac
(Issuer Not Cooperating)
Nizam Deccan Sugars Ltd                 TL                 CRISIL D       333.4
(Issuer Not Cooperating)
Oasis Green Energy Pvt Ltd              TL                 CRISIL         180     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Omega Solar Projects Pvt Ltd            LT Loan            CRISIL         480     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Omega Solar Projects Pvt Ltd            Proposed LT Bk     CRISIL         20      Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Onyx Biotec Pvt Ltd                     CC                 CRISIL B/Stable24      Migrated
                                                                                  from CRISIL
                                                                                  B/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Onyx Biotec Pvt Ltd                     TL                 CRISIL B/Stable60.9    Migrated
                                                                                  from CRISIL
                                                                                  B/Stable and
                                                                                  Withdrawn
(Issuer Not Cooperating)
OPS Jewells Pvt Ltd                     CC                 CRISIL         130     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
OPS Jewells Pvt Ltd                     Proposed LT Bk     CRISIL         20      Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Pioneer Steels                          CC                 CRISIL         220     Reaffirmed
                                                           BBB-/Stable
Pioneer Steels                          Channel Financing  CRISIL         80      Reaffirmed
                                                           BBB-/Stable
R. C. Foods                             CC                 CRISIL         85      Reaffirmed
                                                           BB/Stable              and Withdrawn
R. C. Foods                             Proposed LT Bk     CRISIL         45      Reaffirmed
                                        Loan Fac           BB/Stable              and Withdrawn
R. C. Foods                             TL                 CRISIL         25      Reaffirmed
                                                           BB/Stable              and Withdrawn
Sri Thirumalai Balaji Spinning Mills    CC                 CRISIL B/Stable20      
-Erode     
(Issuer Not Cooperating)Withdrawn
Sri Thirumalai Balaji Spinning Mills    LT Loan            CRISIL B/Stable142.3              
-Erode                                                                                        
(Issuer Not Cooperating)Withdrawn
T.V.A.N. Jewellers                      CC                 CRISIL         40
                                                           BB/Stable
(Reaffirmed and Withdrawn)
T.V.A.N. Jewellers                      LT Loan            CRISIL         28.5
                                                           BB/Stable
(Reaffirmed and Withdrawn)
Tirupati Wellness LLP                   CC                 CRISIL         120     Continues on
                                                           BB/Watch               Rating Watch
                                                           Positive               with Positive
                                                                                  Implications
Tirupati Wellness LLP                   TL                 CRISIL         230     Continues on
                                                           BB/Watch               Rating Watch
                                                           Positive               with Positive
                                                                                  Implications
Ujwal Enterprises (India) Pvt Ltd       CC                 CRISIL         60      Reaffirmed
                                                           BB+/Stable             and Withdrawn
Ujwal Enterprises (India) Pvt Ltd       TL                 CRISIL         50      Reaffirmed
                                                           BB+/Stable             and Withdrawn
Uttar Pradesh State Bridge Corpn Ltd    Proposed LT Bk     CRISIL         250     Migrated from
                                        Loan Fac           BBB+/Stable            CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Valentis Cancer Care Hospital Pvt Ltd   TL                 CRISIL         145     Withdrawn
                                                           BB-/Stable
(Issuer Not Cooperating)
Varad Builders                          Proposed LT Bk     CRISIL         20      Assigned
                                        Loan Fac           B/Stable
Varad Builders                          Proposed TL        CRISIL         80      Assigned
                                                           B/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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