March 18, 2020 / 8:46 AM / 16 days ago

CRISIL ratings for Indian debt instruments-Mar 18

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

COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Adhunik Niryat Ispat Ltd                Inland/Import LOC  CRISIL A4+     195
Issuer Not Cooperating; Rating Migrated
Aishwarya Healthcare                    BG                 CRISIL A3+     10
Placed on Rating Watch with Developing Implications
Aishwarya Healthcare                    BG                 CRISIL A3+     10      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Ambient Controls Pvt Ltd                LOC & BG           CRISIL A4+     80
Issuer Not Cooperating; Rating Migrated
AVN Petrochemicals India                LOC                CRISIL A4+     200
Issuer Not Cooperating; Rating Migrated
B. Murugan                              BG                 CRISIL A4+     36
Issuer Not Cooperating; Rating Migrated
Bhumi Plastic Pipes Pvt Ltd             BG                 CRISIL A4      10
Issuer Not Cooperating; Rating Migrated
Blend Colours Pvt Ltd                   LOC                CRISIL A2      100     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
C. E. Testing Company Pvt Ltd           BG                 CRISIL A4+     90
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       LOC & BG           CRISIL A4+     189.3
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       LOC & BG           CRISIL A4+     189.3
Issuer Not Cooperating; Rating Migrated
Centum Electronics Ltd                  LOC & BG           CRISIL A3      1327    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Chemco Plastic Industries Pvt Ltd       BG                 CRISIL A2+     30      Reaffirmed
Chemco Plastic Industries Pvt Ltd       LOC                CRISIL A2+     155     Reaffirmed
Colorshine Coated Pvt Ltd               Purchase Bill      CRISIL A4+     250     Reaffirmed
                                        Discounting
Diamond Infra Constructions Pvt Ltd     BG                 CRISIL A4      22.5
Issuer Not Cooperating; Rating Migrated
Diwantham Tollway Pvt Ltd               ST Rating          CRISIL A4+
Placed on 'Rating Watch with Developing Implications'
Eastman Reclamations                    BG                 CRISIL A4+     20.5
Issuer Not Cooperating; Rating Migrated
Eastman Reclamations                    LOC                CRISIL A4+     20
Issuer Not Cooperating; Rating Migrated
Empire Multipack Pvt Ltd                LOC                CRISIL A4      30
Issuer Not Cooperating; Rating Migrated
Fortis Healthcare Ltd                   Non-FBL            CRISIL A1      90
Continues on Rating Watch with Developing Implications
Fortis Healthcare Ltd                   Non-FBL            CRISIL A1      90      Reaffirmed
Continues on 'Rating Watch with Developing Implications'
Fortis Hospitals Ltd                    Non-FBL            CRISIL A1      100     Reaffirmed
Continues on 'Rating Watch with Developing Implications' 
Frontier Protectivewear Pvt Ltd         BG                 CRISIL A4      15
Issuer Not Cooperating; Rating Migrated
Frontier Protectivewear Pvt Ltd         Proposed ST Bk     CRISIL A4      20
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Gala Precision Engineering Pvt Ltd      BG                 CRISIL A3      50      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Gala Precision Engineering Pvt Ltd      Bill Discounting   CRISIL A3      20      Reaffirmed
                                        under LOC
Placed on 'Rating Watch with Developing Implications'
Gala Precision Engineering Pvt Ltd      Foreign Exchange   CRISIL A3      50      Reaffirmed
                                        Forward
Placed on 'Rating Watch with Developing Implications'
Gala Precision Engineering Pvt Ltd      LOC                CRISIL A3      30      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Gala Precision Engineering Pvt Ltd      Pre Shipment Fac   CRISIL A3      175     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Garuda Venkata Sai Cold Storage Pvt Ltd TL                 CRISIL A4      55
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   BG                 CRISIL A4+     170
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   BG                 CRISIL A4+     170
Issuer Not Cooperating; Rating Migrated
International Hospital Ltd              Non-FBL            CRISIL A1      50      Reaffirmed
Continues on 'Rating Watch with Developing Implications'
Isha Homes India Pvt Ltd                Overdraft          CRISIL A4+     88
Issuer Not Cooperating; Rating Migrated
Jai Durga Iron Pvt Ltd                  LOC                CRISIL A4      22.5
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Jai Sai Construction                    BG                 CRISIL A4+     35      Reaffirmed
JKS Matches Pvt Ltd                     Packing Credit     CRISIL A4      37.5
Issuer Not Cooperating; Rating Migrated
Jsons Foundry Pvt Ltd                   Inland/Import LOC  CRISIL A4      30
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
JWC Logistics Park Pvt Ltd              BG                 CRISIL A2+     50      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
JWL Cold Store Pvt Ltd                  BG                 CRISIL A2+     70
Placed on Rating watch with Developing Implications
JWL Cold Store Pvt Ltd                  BG                 CRISIL A2+     70      Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWR Logistics Pvt Ltd                   BG                 CRISIL A2+     40
Placed on Rating watch with Developing Implications
JWR Logistics Pvt Ltd                   Overdraft          CRISIL A2+     30
Placed on Rating watch with Developing Implications
JWR Logistics Pvt Ltd                   BG                 CRISIL A2+     40      Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWR Logistics Pvt Ltd                   Overdraft          CRISIL A2+     30      Reaffirmed
Placed on 'Rating watch with Developing Implications'
Jyotin Kumar Sahoo                      BG                 CRISIL A4      20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
K. T. V. Health Food Pvt Ltd            Import LOC Limit   CRISIL A3      450     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
K. T. V. Health Food Pvt Ltd            LOC                CRISIL A3      1360    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Kalinga Automobiles Pvt Ltd             BG                 CRISIL A4+     0.5
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             BG                 CRISIL A4+     0.5
Issuer Not Cooperating; Rating Migrated
Kapoor Glass (India) Pvt Ltd            LOC & BG           CRISIL A4      23.5    Reaffirmed
Kapoor Glass (India) Pvt Ltd            Packing Credit in  CRISIL A4      25      Reaffirmed
                                        Foreign Currency
Kemco Corporation                       LOC & BG           CRISIL A4      290
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Kohinoor Reclamations                   BG                 CRISIL A4+     20.4
Issuer Not Cooperating; Rating Migrated
Kohinoor Reclamations                   LOC                CRISIL A4+     20
Issuer Not Cooperating; Rating Migrated
Koley Construction                      BG                 CRISIL A4      32
Issuer Not Cooperating; Rating Migrated
Koley Construction                      BG                 CRISIL A4      32
Issuer Not Cooperating; Rating Migrated
Krishna Coil Cutters Pvt Ltd            Bill Discounting   CRISIL A3      50      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Krishna Coil Cutters Pvt Ltd            LOC                CRISIL A3      400     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
M Suresh Company Pvt Ltd                Foreign Exchange   CRISIL A2+     50      Reaffirmed
                                        Forward
M Suresh Company Pvt Ltd                Post Shipment      CRISIL A2+     3441    Reaffirmed
                                        Credit
M. Rajkumar                             BG                 CRISIL A4      160
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Maha Laxmi Agro Tech                    BG                 CRISIL A4      0.1
Issuer Not Cooperating
Maha Laxmi Agro Tech                    LOC                CRISIL A4      3.5
Issuer Not Cooperating
Mahabir Prasad Agarwal                  BG                 CRISIL A4      49
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Mahalakshmi Spintex Pvt Ltd             Bill Discounting   CRISIL A4      65
                                        under LOC
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Manas Flour Mills Ltd                   BG                 CRISIL A4      20
Issuer Not Cooperating; Revised from CRISIL A4+ Issuer Not Cooperating
Manas Flour Mills Ltd                   BG                 CRISIL A4      20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Manda Developers and Builders Pvt Ltd   BG                 CRISIL A4      150
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Manish Vinyls Pvt Ltd                   Import LOC Limit   CRISIL A3      265     Reaffirmed
Marudhar Fashions                       Foreign Bill       CRISIL A4      150
                                        Discounting
Issuer Not Cooperating; Revised from CRISIL A4+ Issuer Not Cooperating
Marudhar Fashions                       Foreign Bill       CRISIL A4      150
                                        Discounting
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Mauli Pattern                           Proposed BG        CRISIL A4      10
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Maxop Engineering Company Pvt Ltd       Export Packing     CRISIL A3+     395     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Maxop Engineering Company Pvt Ltd       LOC & BG           CRISIL A3+     64      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Maxop Engineering Company Pvt Ltd       Post Shipment      CRISIL A3+     205     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Maxop Engineering Company Pvt Ltd       Pre Shipment CreditCRISIL A3+     90      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
MBR Flexibles Ltd                       Bill Discounting   CRISIL A4      21.7
                                        under LOC
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Mega Fibre Pvt Ltd                      LOC                CRISIL A4      20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Million Ceramic                         BG                 CRISIL A4      12
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Mittal Lumber Pvt Ltd                   LOC                CRISIL A4      44
Issuer Not Cooperating
Model Tanners India Pvt Ltd             Inland/Import LOC  CRISIL A4+     50      Assigned
N A R Infra Pvt Ltd                     BG                 CRISIL A4      90
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Navair International Pvt Ltd            BG                 CRISIL A4      50
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Navair International Pvt Ltd            LOC                CRISIL A4      20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Navicom Technology International Pvt LtdBG                 CRISIL A4      50
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Neelson Overseas                        Packing Credit     CRISIL A4      30
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Nikhil Adhesives Ltd                    LOC                CRISIL A3      750     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Nirmal Bang Securities Pvt Ltd          BG                 CRISIL A2+     2500    Reaffirmed
ONGC Mangalore Petrochemicals Ltd       ST Loan            CRISIL A1+     10000   Reaffirmed
PNP Polymers Pvt Ltd                    LOC                CRISIL A3+     950     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
PNP Polytex Pvt Ltd                     LOC                CRISIL A3+     850     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Porbandar Jetpur Tollway Pvt Ltd        ST Rating          CRISIL A2+
Placed on 'Rating Watch with Developing Implications'
Prolific Systems and Technologies Pvt   LOC & BG           CRISIL A3      180     Reaffirmed
Ltd
Placed on 'Rating Watch with Developing Implications'
Puintola Tollway Pvt Ltd                ST Rating          CRISIL A3
Placed on 'Rating Watch with Developing Implications' 
Raksha Polycoats Pvt Ltd                LOC                CRISIL A4      4.5     Assigned
Raksha Polycoats Pvt Ltd                BG                 CRISIL A4      20      Assigned
Ratnakala Exports Pvt Ltd               Foreign Exchange   CRISIL A2      66.8    Reaffirmed
                                        Forward
Placed on 'Rating Watch with Developing Implications'
Repco Micro Finance Ltd                 Overdraft          CRISIL A3+     3000    Assigned
RMP Fab Sourcing Pvt Ltd                Overdraft          CRISIL A4+     150     Reaffirmed
Sandhya Aqua Exports Pvt Ltd            Export Packing     CRISIL A4+     200
                                        Credit
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Sandhya Aqua Exports Pvt Ltd            Foreign Bill       CRISIL A4+     640
                                        Discounting
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Sandhya Aqua Exports Pvt Ltd            LOC & BG           CRISIL A4+     30
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
Sharp Ferro Alloys Ltd                  BG                 CRISIL A3+     192.5   Reaffirmed
Sharp Ferro Alloys Ltd                  LOC                CRISIL A3+     497.5   Reaffirmed
Sharp Ferro Alloys Ltd                  BG                 CRISIL A3+     192.5   Reaffirmed
Sharp Ferro Alloys Ltd                  LOC                CRISIL A3+     497.5   Reaffirmed
Shell Lifesciences Pvt Ltd              LOC                CRISIL A4      30
Shell Lifesciences Pvt Ltd              LOC                CRISIL A4      30      Assigned
Shrinath Rotopack Pvt Ltd               LOC & BG           CRISIL A2      153     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Siddhantham Tollway Pvt Ltd             ST Rating          CRISIL A4              Assigned
Sincon Infrastructure Pvt Ltd           BG                 CRISIL A4+     160     Assigned
Skaf Construction Pvt Ltd               BG                 CRISIL A4+     180     Reaffirmed
Smrity Paper Mills Pvt Ltd              LOC                CRISIL A4+     15      Reaffirmed
Sunvik Steels Pvt Ltd                   BG                 CRISIL A3+     150     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Sunvik Steels Pvt Ltd                   LOC                CRISIL A3+     100     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Udaipur Poly Sacks Ltd                  BG                 CRISIL A4+     4       Assigned
Udaipur Poly Sacks Ltd                  LOC                CRISIL A4+     80      Assigned

LONG TERM RATINGS:
-------------------
A One Duty Free Pvt Ltd                 Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
A.T.E. Enterprises Pvt Ltd              LOC                CRISIL A3      95      Reaffirmed
A.T.E. Enterprises Pvt Ltd              Bill Discounting   CRISIL BBB-/   70      Reaffirmed
                                                           Stable
A.T.E. Enterprises Pvt Ltd              CC                 CRISIL BBB-/   100     Reaffirmed
                                                           Stable
A.T.E. Enterprises Pvt Ltd              Proposed LT Bk     CRISIL BBB-/   5       Reaffirmed
                                        Loan Fac           Stable
A.T.E. Enterprises Pvt Ltd              WC Demand Loan     CRISIL BBB-/   50      Reaffirmed
                                                           Stable
AAA Vehicleades Pvt Ltd                 CC                 CRISIL BB/     820
                                                           Stable
Issuer Not Cooperating; Rating Migrated
AAA Vehicleades Pvt Ltd                 Inventory Funding  CRISIL BB/     35
                                        Fac                Stable
Issuer Not Cooperating; Rating Migrated
AAA Vehicleades Pvt Ltd                 Proposed LT Bk     CRISIL BB/     405
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
AAA Vehicleades Pvt Ltd                 Rupee TL           CRISIL BB/     40
                                                           Stable
Issuer Not Cooperating; Rating Migrated
AB Ricetech Pvt Ltd                     Proposed CC Limit  CRISIL B/      20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
AB Ricetech Pvt Ltd                     Proposed TL        CRISIL B/      55
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Abhay Ispat (India) Pvt Ltd             CC                 CRISIL BBB-    1765    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Abhay Ispat (India) Pvt Ltd             Channel Financing  CRISIL BBB-    400     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Abhay Ispat (India) Pvt Ltd             Electronic Dealer  CRISIL BBB-    500     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Placed on 'Rating Watch with Developing Implications'
Adhunik Niryat Ispat Ltd                CC                 CRISIL BB+/    30
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Adinath Jewellery Exports               Packing Credit     CRISIL A-      245     Reaffirmed
                                        (pre-shipment
                                        credit)
Placed on 'Rating Watch with Developing Implications'
Adinath Jewellery Exports               Post Shipment      CRISIL A-      105     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Adinath Jewellery Exports               Proposed LT Bk     CRISIL A-      250     Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
Aishwarya Healthcare                    CC                 CRISIL BBB     300
Placed on Rating Watch with Developing Implications
Aishwarya Healthcare                    LT Loan            CRISIL BBB     550
Placed on Rating Watch with Developing Implications
Aishwarya Healthcare                    CC                 CRISIL BBB     300     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Aishwarya Healthcare                    LT Loan            CRISIL BBB     550     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Aisshpra Gems And Jewels                CC                 CRISIL BB+/    275
                                                           Stable
Issuer Not Cooperating; Rating Migrated
All About Outdoor Pvt Ltd               Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Amazin Automation Solutions India Pvt   Proposed TL        CRISIL BB-/    90
Ltd                                                        Stable
Issuer Not Cooperating; Rating Migrated
Ambient Controls Pvt Ltd                CC                 CRISIL BB-/    40
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Anand Projects & Engineering            BG                 CRISIL A4      20
Consultancy Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Anand Projects & Engineering            LOC                CRISIL A4      10
Consultancy Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Anand Projects & Engineering            CC                 CRISIL B+/     40
Consultancy Pvt Ltd                                        Stable
Issuer Not Cooperating; Rating Migrated
Anand Projects & Engineering            Proposed CC Limit  CRISIL B+/     5
Consultancy Pvt Ltd                                        Stable
Issuer Not Cooperating; Rating Migrated
Anandeshwar Rice Industries             CC                 CRISIL BB-/    50
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Anandeshwar Rice Industries             LT Loan            CRISIL BB-/    21.4
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Anandeshwar Rice Industries             Proposed WC Fac    CRISIL BB-/    28.6
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Ankapalli Tollway Pvt Ltd               LT Rating          CRISIL B+/             Reaffirmed
                                                           Stable
Anmol Ferro Impex Pvt Ltd               CC                 CRISIL BB-/    20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Anmol Ferro Impex Pvt Ltd               CC/ Overdraft Fac  CRISIL BB-/    32.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Anmol Ferro Impex Pvt Ltd               Proposed Overdraft CRISIL BB-/    47.5
                                        Fac                Stable
Issuer Not Cooperating; Rating Migrated
Ansec Human Resource Services Ltd       Drop Line          CRISIL BBB-    40.2    Reaffirmed
                                        Overdraft Fac
Placed on 'Rating Watch with Developing Implications'
Ansec Human Resource Services Ltd       Proposed CC Limit  CRISIL BBB-    100     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Ansec Human Resource Services Ltd       Proposed TL        CRISIL BBB-    16.3    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Ansec Human Resource Services Ltd       TL                 CRISIL BBB-    43.5    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Antariksh Infrabuild LLP                CC                 CRISIL B/      20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Antariksh Infrabuild LLP                TL                 CRISIL B/      65
                                                           Stable
Issuer Not Cooperating; Rating Migrated
ASI Industries Ltd                      Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
B. Murugan                              LT Loan            CRISIL BB-/    14
                                                           Stable
Issuer Not Cooperating; Rating Migrated
B. Murugan                              Secured Overdraft  CRISIL BB-/    90
                                        Fac                Stable
Issuer Not Cooperating; Rating Migrated
Baba Super Minerals Pvt Ltd             CC                 CRISIL BB-/    35
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Baba Super Minerals Pvt Ltd             Export Packing     CRISIL BB-/    115
                                        Credit             Stable
Issuer Not Cooperating; Rating Migrated
Baba Super Minerals Pvt Ltd             Foreign Currency TLCRISIL BB-/    190
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Baba Super Minerals Pvt Ltd             Proposed LT Bk     CRISIL BB-/    15
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Baba Super Minerals Pvt Ltd             TL                 CRISIL BB-/    25
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Bala Venkata Narasimha Cold Storage Pvt TL                 CRISIL B+/     55
Ltd                                                        Stable
Issuer Not Cooperating; Rating Migrated
Bala Venkata Narasimha Cold Storage Pvt TL                 CRISIL B+/     55
Ltd                                                        Stable
Issuer Not Cooperating; Rating Migrated
Bamanbore Tollway Pvt Ltd               LT Rating          CRISIL D
Issuer Not Cooperating; Rating Migrated
Beehive Alcoveb                         CC                 CRISIL BB+     150
Issuer Not Cooperating
Bharat Enterprises - Karnal             Proposed FB Bk     CRISIL B+/     60
                                        Limits             Stable
Issuer Not Cooperating; Rating Migrated
Bhavanam Textiles India Pvt Ltd         CC                 CRISIL B+/     120
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Bhavanam Textiles India Pvt Ltd         Proposed LT Bk     CRISIL B+/     7.9
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Bhavanam Textiles India Pvt Ltd         TL                 CRISIL B+/     16.3
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Bhumi Plastic Pipes Pvt Ltd             CC                 CRISIL B+/     42.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Bhumi Plastic Pipes Pvt Ltd             LT Loan            CRISIL B+/     47.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Blend Colours Pvt Ltd                   CC                 CRISIL BBB+    548.1   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Blend Colours Pvt Ltd                   Rupee TL           CRISIL BBB+    196.9   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Blend Colours Pvt Ltd                   WC Fac             CRISIL BBB+    55      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Blue Star Building Materials Pvt Ltd    CC                 CRISIL D       125
Issuer Not Cooperating
Borra Kranthi Kumar                     BG                 CRISIL A4+     5
Issuer Not Cooperating; Rating Migrated
Borra Kranthi Kumar                     Overdraft          CRISIL BB/     55
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Borra Kranthi Kumar                     Proposed LT Bk     CRISIL BB/     40
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
C M S Agro Foods                        CC                 CRISIL BB-/    90
                                                           Stable
Issuer Not Cooperating; Rating Migrated
C. E. Testing Company Pvt Ltd           CC                 CRISIL BB+/    55
                                                           Stable
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       CC                 CRISIL BB-/    250
                                                           Stable
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       Proposed LT Bk     CRISIL BB-/    20.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       CC                 CRISIL BB-/    250
                                                           Stable
Issuer Not Cooperating; Rating Migrated
CBM Industrie Ltd                       Proposed LT Bk     CRISIL BB-/    20.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Centum Electronics Ltd                  CC                 CRISIL BBB-    410     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Centum Electronics Ltd                  Cash TL            CRISIL BBB-    380     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Centum Electronics Ltd                  Export Packing     CRISIL BBB-    350     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Centum Electronics Ltd                  WC Loan            CRISIL BBB-    1030    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Chaphekar and Company                   BG                 CRISIL D       40
Issuer Not Cooperating; Rating Migrated
Chaphekar and Company                   CC                 CRISIL D       110
Issuer Not Cooperating; Rating Migrated
Chaphekar and Company                   Proposed BG        CRISIL D       10
Issuer Not Cooperating; Rating Migrated
Chaphekar and Company                   Proposed CC Limit  CRISIL D       10
Issuer Not Cooperating; Rating Migrated
Chemco Plastic Industries Pvt Ltd       CC                 CRISIL A-      440     Reaffirmed
Chemco Plastic Industries Pvt Ltd       Proposed LT Bk     CRISIL A-      129.6   Reaffirmed
                                        Loan Fac
Chemco Plastic Industries Pvt Ltd       Rupee TL           CRISIL A-      545.4   Reaffirmed
Ciscons Constructions Pvt Ltd           BG                 CRISIL A4+     120
Issuer Not Cooperating; Rating Migrated
Ciscons Constructions Pvt Ltd           CC                 CRISIL BB-/    30
                                                           Stable
Issuer Not Cooperating; Rating Migrated
CMYK Printech Ltd                       CC                 CRISIL B+/     90
                                                           Stable
Issuer Not Cooperating; Rating Migrated
CMYK Printech Ltd                       Proposed CC Limit  CRISIL B+/     40
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Coimbatore Roller Flour Mills Pvt Ltd   CC                 CRISIL BB-/    145
                                                           Stable
Downgraded from CRISIL BB/Stable
Colorshine Coated Pvt Ltd               CC                 CRISIL BB+     500     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Colorshine Coated Pvt Ltd               TL                 CRISIL BB+     210     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Damara Gold Pvt Ltd                     Proposed BG        CRISIL A3+ /   30      Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implications'
Damara Gold Pvt Ltd                     Proposed WC Fac    CRISIL BBB /   33      Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implications'
Damara Gold Pvt Ltd                     Rupee TL           CRISIL BBB /   108     Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implications'
Damara Gold Pvt Ltd                     WC Fac             CRISIL BBB /   690     Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implications'
Darjeeling Dooars Plantations (Tea) Ltd BG                 CRISIL A4+     8
Issuer Not Cooperating; Rating Migrated
Darjeeling Dooars Plantations (Tea) Ltd CC                 CRISIL BB+/    169.6
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Darjeeling Dooars Plantations (Tea) Ltd Proposed LT Bk     CRISIL BB+/    72.4
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Devki Nandan Minerals Pvt Ltd           CC                 CRISIL D       29
Issuer Not Cooperating; Rating Migrated
Devki Nandan Minerals Pvt Ltd           LT Loan            CRISIL D       70
Issuer Not Cooperating; Rating Migrated
Dhanera Diamonds                        Export Packing     CRISIL BBB     462.5   Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Dhanera Diamonds                        Post Shipment      CRISIL BBB     967.5   Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Dhanera Diamonds                        Proposed LT Bk     CRISIL BBB     100     Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
Diamond Infra Constructions Pvt Ltd     CC                 CRISIL B+/     40
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Diamond Infra Constructions Pvt Ltd     Proposed WC Fac    CRISIL B+/     17.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Diwancheruvu Tollway Pvt Ltd            LT Rating          CRISIL BB+/
                                                           Stable
Issuer Not Cooperating; Rating Migrated
DJPR Constructions Pvt Ltd              BG                 CRISIL A4+     198
Migrated from 'CRISIL A4+ Issuer Not Cooperating'
DJPR Constructions Pvt Ltd              CC                 CRISIL BB+/    110
                                                           Stable
Migrated from 'CRISIL BB+/Stable Issuer Not Cooperating'
DJPR Constructions Pvt Ltd              LT Loan            CRISIL BB+/    13.3
                                                           Stable
Migrated from 'CRISIL BB+/Stable Issuer Not Cooperating'
DJPR Constructions Pvt Ltd              Proposed LT Bk     CRISIL BB+/    28.7
                                        Loan Fac           Stable
Migrated from 'CRISIL BB+/Stable Issuer Not Cooperating'
Eastman Reclamations                    CC                 CRISIL BB/     71.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Eastman Reclamations                    LT Loan            CRISIL BB/     28
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Empire Multipack Pvt Ltd                CC                 CRISIL B+/     55
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Empire Multipack Pvt Ltd                Rupee TL           CRISIL B+/     15
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Evershine Marbles And Exporters Pvt Ltd CC                 CRISIL BB+/    150
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Evershine Marbles And Exporters Pvt Ltd LT Loan            CRISIL BB+/    28.6
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Finolite Ceramic                        BG                 CRISIL D       35
Issuer Not Cooperating; Rating Migrated
Finolite Ceramic                        CC                 CRISIL D       50
Issuer Not Cooperating; Rating Migrated
Finolite Ceramic                        Proposed LT Bk     CRISIL D       5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Finolite Ceramic                        TL                 CRISIL D       150
Issuer Not Cooperating; Rating Migrated
Firdous Gold Pattambi LLP               CC                 -              50      Withdrawn
Issuer Not Cooperating
Fortis Healthcare Ltd                   Overdraft*         CRISIL A       500
Assigned; Placed on Rating Watch with Developing Implications  ; *Interchangeable with working
capital demand loan and short-term loan
Fortis Healthcare Ltd                   TL                 CRISIL A       3700
Assigned; Placed on Rating Watch with Developing Implications 
Fortis Healthcare Ltd                   Overdraft*         CRISIL A       500
Assigned; Placed on 'Rating Watch with Developing Implications' 
Fortis Healthcare Ltd                   TL                 CRISIL A       3700
Assigned; Placed on 'Rating Watch with Developing Implications' 
Fortis Hospitals Ltd                    TL                 CRISIL A       1100    Assigned
Assigned; Placed on 'Rating Watch with Developing Implications'
Fortis Hospitals Ltd                    Overdraft*         CRISIL A       1750    Assigned
Assigned; Placed on 'Rating Watch with Developing Implications'; *Interchangeable with working
capital demand loan and short-term debt
Frisco Global Pvt Ltd                   Proposed CC Limit  CRISIL B/      250
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Frisco Global Pvt Ltd                   Proposed TL        CRISIL B/      250
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Frontier Protectivewear Pvt Ltd         CC                 CRISIL B-/     37.8
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Frontier Protectivewear Pvt Ltd         Proposed LT Bk     CRISIL B-/     17.2
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Gajanana Traders                        Open CC            CRISIL D       87.7
Issuer Not Cooperating; Downgraded from CRISIL B/Stable issuer not co-operating
Gala Precision Engineering Pvt Ltd      Proposed LT Bk     CRISIL BBB-    175.9   Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
Gala Precision Engineering Pvt Ltd      TL                 CRISIL BBB-    119.1   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Ganpati Roller Flour Mills              CC                 CRISIL BB-     80      Reaffirmed
Garamore Tollway Pvt Ltd                -                  -
Update on MAIF 2 Road SPVs: CRISIL will continue to closely monitor the developments and their
impact on the outstanding rating on the MAIF 2 Road SPVs and take the appropriate rating action
as and when necessary.
Garuda Venkata Sai Cold Storage Pvt Ltd TL                 CRISIL B+/     55
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Gayatri Industries                      CC                 CRISIL BB-/    90
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Gayatri Industries                      Proposed LT Bk     CRISIL BB-/    10
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Gayatri Industries                      TL                 CRISIL BB-/    50
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Geomax Mines & Minerals Pvt Ltd         CC                 CRISIL B/      150
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Grape Marketing Pvt Ltd                 CC                 CRISIL B+/     45
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Grape Marketing Pvt Ltd                 Proposed LT Bk     CRISIL B+/     35
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Gulabchand Badrinarayan                 CC                 CRISIL B/      60
                                                           Stable
Issuer Not Cooperating; Rating Migrated
H.P. Builders Pvt Ltd                   Proposed BG        CRISIL A4+     40
Issuer Not Cooperating; Rating Migrated
H.P. Builders Pvt Ltd                   Proposed CC Limit  CRISIL BB-/    20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
H.P. Builders Pvt Ltd                   Proposed LT Bk     CRISIL BB-/    20
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   Auto loans         CRISIL BB-/    16
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   CC                 CRISIL BB-/    260
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   LT Loan            CRISIL BB-/    24
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   Auto loans         CRISIL BB-/    16
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   CC                 CRISIL BB-/    260
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Heather Constructions                   LT Loan            CRISIL BB-/    24
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Hindustan Textiles                      CC                 CRISIL BB+/    140
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Hindustan Textiles                      LT Loan            CRISIL BB+/    28.9
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Hindustan Textiles                      Proposed LT Bk     CRISIL BB+/    31.1
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Ibaj Trading Establishment              CC                 CRISIL BB-/    115
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Ibaj Trading Establishment              Rupee TL           CRISIL BB-/    25
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Icchapuram Tollway Pvt Ltd              -                  -
Update on MAIF 2 Road SPVs: CRISIL will continue to closely monitor the developments and their
impact on the outstanding rating on the MAIF 2 Road SPVs and take the appropriate rating action
as and when necessary.
Icchapuram Tollway Pvt Ltd              LT Rating          CRISIL BB-/
                                                           Stable
Issuer Not Cooperating; Rating Migrated
International Hospital Ltd              TL                 CRISIL A       330
Assigned; Placed on 'Rating Watch with Developing Implications'
Isha Homes India Pvt Ltd                Drop Line          CRISIL BB+/    149.5
                                        Overdraft Fac      Stable
Issuer Not Cooperating; Rating Migrated
Isha Homes India Pvt Ltd                Project Loan       CRISIL BB+/    100
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Isha Homes India Pvt Ltd                Proposed LT Bk     CRISIL BB+/    112.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
J P Alloys                              CC                 CRISIL BB-/    20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
J P Alloys                              Electronic Dealer  CRISIL BB-/    250
                                        Financing          Stable
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
J.S.R. Constructions Pvt Ltd            BG                 CRISIL D       450
Issuer Not Cooperating; Rating Migrated
J.S.R. Constructions Pvt Ltd            Overdraft          CRISIL D       10
Issuer Not Cooperating; Rating Migrated
Jagdamba Oil and General Mills          Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jai Durga Iron Pvt Ltd                  CC                 CRISIL B+/     120
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jai Durga Iron Pvt Ltd                  Proposed LT Bk     CRISIL B+/     45.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jai Durga Iron Pvt Ltd                  Standby LOC        CRISIL B+/     12
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jai Sai Construction                    CC                 CRISIL BB-/    50      Reaffirmed
                                                           Stable
Jai Sai Construction                    Proposed FB Bk     CRISIL BB-/    606     Reaffirmed
                                        Limits             Stable
Jai Sai Construction                    Secured Overdraft  CRISIL BB-/    59      Reaffirmed
                                        against term       Stable
                                        deposits
Jamkash Trucking Pvt Ltd                CC                 CRISIL BB/     100
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Jamkash Trucking Pvt Ltd                Proposed LT Bk     CRISIL BB/     50
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Jayalakshmi Granites                    Proposed CC Limit  CRISIL BB-/    70
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Jayalakshmi Granites                    Proposed LT Bk     CRISIL BB-/    30
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Jindal Steels (Bangalore)               CC                 CRISIL B+/     580
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jindal Steels (Bangalore)               Channel Financing  CRISIL B+/     20
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
JKS Matches Pvt Ltd                     LT Loan            CRISIL B/      25
                                                           Stable
Issuer Not Cooperating; Rating Migrated
JKS Matches Pvt Ltd                     Proposed LT Bk     CRISIL B/      7.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Jsons Foundry Pvt Ltd                   CC                 CRISIL B+/     325
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Jsons Foundry Pvt Ltd                   Proposed LT Bk     CRISIL B+/     87
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Jsons Foundry Pvt Ltd                   TL                 CRISIL B+/     198
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
JWC Logistics Park Pvt Ltd              CC                 CRISIL A-      90      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
JWC Logistics Park Pvt Ltd              Proposed TL        CRISIL A-      478.9   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
JWC Logistics Park Pvt Ltd              TL                 CRISIL A-      801.1   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
JWL Cold Store Pvt Ltd                  CC                 CRISIL A-      20
Placed on Rating watch with Developing Implications
JWL Cold Store Pvt Ltd                  Proposed TL        CRISIL A-      67.1
Placed on Rating watch with Developing Implications
JWL Cold Store Pvt Ltd                  TL                 CRISIL A-      297.2
Placed on Rating watch with Developing Implications
JWL Cold Store Pvt Ltd                  CC                 CRISIL A-      20      Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWL Cold Store Pvt Ltd                  Proposed TL        CRISIL A-      67.1    Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWL Cold Store Pvt Ltd                  TL                 CRISIL A-      297.2   Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWR Logistics Pvt Ltd                   Proposed TL        CRISIL A-      115.4
Placed on Rating watch with Developing Implications
JWR Logistics Pvt Ltd                   TL                 CRISIL A-      377.7
Placed on Rating watch with Developing Implications
JWR Logistics Pvt Ltd                   Proposed TL        CRISIL A-      115.4   Reaffirmed
Placed on 'Rating watch with Developing Implications'
JWR Logistics Pvt Ltd                   TL                 CRISIL A-      377.7   Assigned
Placed on 'Rating watch with Developing Implications'
Jyotin Kumar Sahoo                      CC                 CRISIL B+/     25
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jyotin Kumar Sahoo                      Proposed LT Bk     CRISIL B+/     1.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Jyotin Kumar Sahoo                      TL                 CRISIL B+/     35
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
K K P Spinning Mills Pvt Ltd            CC                 CRISIL B+/     105
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
K K P Spinning Mills Pvt Ltd            Line of Credit     CRISIL B+/     310
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
K. B. Rice Mills                        CC                 CRISIL B+/     90
                                                           Stable
Issuer Not Cooperating; Rating Migrated
K. B. Rice Mills                        Proposed LT Bk     CRISIL B+/     30
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
K. Senthil Kumar HUF                    CC                 CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating; Rating Migrated
K. Senthil Kumar HUF                    Proposed LT Bk     CRISIL B+/     25
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
K. Senthil Kumar HUF                    TL                 CRISIL B+/     15
                                                           Stable
Issuer Not Cooperating; Rating Migrated
K. T. V. Health Food Pvt Ltd            CC                 CRISIL BBB-    90      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
K. T. V. Health Food Pvt Ltd            Proposed LT Bk     CRISIL BBB-    900     Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
Kaleesuwari Jewellery Pvt Ltd           CC                 CRISIL B+/     180
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Kaleesuwari Jewellery Pvt Ltd           Proposed LT Bk     CRISIL B+/     120
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Kalinga Automobiles Pvt Ltd             CC                 CRISIL BB/     150
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             Electronic Dealer  CRISIL BB/     100
                                        Financing          Stable
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             Proposed LT Bk     CRISIL BB/     11.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             TL                 CRISIL BB/     0.8
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             CC                 CRISIL BB/     150
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             Electronic Dealer  CRISIL BB/     100
                                        Financing          Stable
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             Proposed LT Bk     CRISIL BB/     11.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Kalinga Automobiles Pvt Ltd             TL                 CRISIL BB/     0.8
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kameswari Jewellers                     CC                 CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Kameswari Jewellers                     CC                 CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Kaneri Agro Industries Ltd              CC                 CRISIL BB-/    180
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kapoor Glass (India) Pvt Ltd            CC                 CRISIL B+/     7       Reaffirmed
                                                           Stable
Kapoor Glass (India) Pvt Ltd            Foreign Currency TLCRISIL B+/     119.5   Reaffirmed
                                                           Stable
Karna Paints Pvt Ltd                    CC                 CRISIL B+/     250
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Karna Paints Pvt Ltd                    Proposed LT Bk     CRISIL B+/     35
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Karna Paints Pvt Ltd                    CC                 CRISIL B+/     250
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Karna Paints Pvt Ltd                    Proposed LT Bk     CRISIL B+/     35
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Kemco Corporation                       CC                 CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
KGK Creations (India) Pvt. Ltd.         CC*                CRISIL BBB/    150     Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implication'; * Includes a sublimit of Working Capital
Demand Loan of Rs.15 crore or equivalent USD & also includes sub limit of Rs. 15 crore of Gold
Loan.
KGK Creations (India) Pvt. Ltd.         CC & WC demand     CRISIL BBB/    150     Reaffirmed
                                        loan#              Watch Negative
Placed on 'Rating Watch with Negative Implication'; # Includes a sublimit of Bank Guarantee /
standby letter of credit / Buyers's credit of Rs.5 crore and overdraft of Rs.15 crore
KGK Creations (India) Pvt. Ltd.         Overdraft^         CRISIL BBB/    230     Reaffirmed
                                                           Watch Negative
Placed on 'Rating Watch with Negative Implication'; ^ Includes a sublimit of pre & post shipment
financing of Rs.3 crore each, standby letter of credit of Rs.15 crore, Gold Metal loan of Rs.
13.5 crore and Bank Guarantee of Rs.10 crore.
KGK Creations (India) Pvt. Ltd.         Proposed LT Bk     CRISIL BBB/    370     Reaffirmed
                                        Loan Fac           Watch Negative
Placed on 'Rating Watch with Negative Implication'
KGK Creations Pvt. Ltd.                 Post Shipment      CRISIL BBB/    495     Reaffirmed
                                        Credit#            Watch Negative
Placed on 'Rating Watch with Negative Implication'; #Includes sublimit of packing credit in
foreign currency of Rs.30 Crore
KGK Creations Pvt. Ltd.                 Proposed LT Bk     CRISIL BBB/    255     Reaffirmed
                                        Loan Fac           Watch Negative
Placed on 'Rating Watch with Negative Implication'
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL A3+/    1500    Reaffirmed
                                        Credit#            Watch Negative
Placed on 'Rating Watch with Negative Implication'; # Includes a sub limit of Rs. 60 crore of
Packing Credit, Rs. 15 crore of Cash Credit, Rs. 15 crore of Working Capital Demand Loan and Rs.
75 crore of Bill Discounting of DDA sales
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL A3+/    90      Reaffirmed
                                        Credit^            Watch Negative
Placed on 'Rating Watch with Negative Implication'; ^Includes a sub limit of Packing Credit of
Rs. 4.50 crore
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL BBB/    7200    Reaffirmed
                                        Credit*            Watch Negative
Placed on 'Rating Watch with Negative Implication'; *Includes a sub limit of Packing Credit of
Rs. 360 crore, Rs. 720 crore of Packing Credit against Unfinanced and non-overdue DDA & export
bills and Rs. 150 crore of CC/WCDL against domestic bills.
KGK Diamonds (I) Pvt. Ltd.              Proposed FB Bk     CRISIL BBB/    210     Reaffirmed
                                        Limits             Watch Negative
Placed on 'Rating Watch with Negative Implication'
KGK Gems Pvt Ltd                        Post Shipment      CRISIL BBB/    500     Reaffirmed
                                        Credit@            Watch Negative
Placed on 'Rating Watch with Negative Implication'; @Includes sub limit of Packing Credit of Rs.
12.50 crore & also includes sub limit of Packing Credit of Rs. 50.0 crore against DDA bills
under collection
Khurana Blankets Pvt Ltd                CC                 -              45      Withdrawn
Issuer Not Cooperating
Khurana Blankets Pvt Ltd                LT Loan            -              46.5    Withdrawn
Issuer Not Cooperating
Khurana Blankets Pvt Ltd                Proposed LT Bk     -              33.5    Withdrawn
                                        Loan Fac
Issuer Not Cooperating
KK Finecot Pvt Ltd                      CC                 CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
KOG-KTV Food Products (India) Pvt Ltd   Import LOC Limit   CRISIL A3      750     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
KOG-KTV Food Products (India) Pvt Ltd   LOC                CRISIL A3      810     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
KOG-KTV Food Products (India) Pvt Ltd   CC                 CRISIL BBB-    90      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Kohinoor Reclamations                   CC                 CRISIL BB/     71.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Kohinoor Reclamations                   LT Loan            CRISIL BB/     28.1
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Koley Construction                      CC                 CRISIL B+/     33
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Koley Construction                      CC                 CRISIL B+/     33
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Krishna Coil Cutters Pvt Ltd            CC                 CRISIL BBB-    210     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Krishna Sheet Processors Pvt Ltd        LOC                CRISIL A3+     850     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Krishna Sheet Processors Pvt Ltd        LOC Bill           CRISIL A3+     200     Reaffirmed
                                        Discounting
Placed on 'Rating Watch with Developing Implications'
Krishna Sheet Processors Pvt Ltd        CC                 CRISIL BBB     500     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Kumaran Poultry Farm                    CC                 -              52      Withdrawn
Issuer Not Cooperating
Kumaran Poultry Farm                    LT Loan            -              9.3     Withdrawn
Issuer Not Cooperating
L.G. Industries                         Proposed NFBL      CRISIL A4+     6.2     Reaffirmed
L.G. Industries                         CC                 CRISIL BB-/    15      Reaffirmed
                                                           Stable
L.G. Industries                         Foreign LOC        CRISIL BB-/    45      Reaffirmed
                                                           Stable
L.G. Industries                         TL                 CRISIL BB-/    3.8     Reaffirmed
                                                           Stable
M Suresh Company Pvt Ltd                Packing Credit     CRISIL A-      1209    Reaffirmed
                                        (pre-shipment
                                        credit)
Placed on 'Rating Watch with Developing Implications'
M Suresh Company Pvt Ltd                Proposed LT Bk     CRISIL A-      27.5    Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
M Suresh Company Pvt Ltd                Standby Line of    CRISIL A-      282.5   Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
M Suresh Jewellery Pvt Ltd              Export Packing     CRISIL A-      100     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
M Suresh Jewellery Pvt Ltd              FB Fac             CRISIL A-      400     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
M Suresh Jewellery Pvt Ltd              Packing Credit     CRISIL A-      270     Reaffirmed
                                        (pre-shipment
                                        credit)
Placed on 'Rating Watch with Developing Implications'
M Suresh Jewellery Pvt Ltd              Post Shipment      CRISIL A-      280     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
M Suresh Jewellery Pvt Ltd              WC Fac             CRISIL A-      100     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
M. Rajkumar                             Overdraft          CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Maha Laxmi Agro Tech                    CC                 CRISIL B/      30
                                                           Stable
Issuer Not Cooperating
Maha Laxmi Agro Tech                    TL                 CRISIL B/      25
                                                           Stable
Issuer Not Cooperating
Mahabir Prasad Agarwal                  CC                 CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mahalakshmi Spintex Pvt Ltd             CC                 CRISIL B+/     135
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mahashakti Enterprises Pvt Ltd          CC                 CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Manas Flour Mills Ltd                   CC                 CRISIL B+/     3
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB+/Stable Issuer Not Cooperating
Manas Flour Mills Ltd                   Proposed LT Bk     CRISIL B+/     32
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from CRISIL BB+/Stable Issuer Not Cooperating
Manas Flour Mills Ltd                   TL                 CRISIL B+/     130
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB+/Stable Issuer Not Cooperating
Manas Flour Mills Ltd                   CC                 CRISIL B+/     3
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Manas Flour Mills Ltd                   Proposed LT Bk     CRISIL B+/     32
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Manas Flour Mills Ltd                   TL                 CRISIL B+/     130
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Manda Developers and Builders Pvt Ltd   Secured Overdraft  CRISIL B+/     46
                                        Fac                Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Manish Vinyls Pvt Ltd                   CC                 CRISIL BBB-    40      Reaffirmed
Placed on 'Rating Watch with Developing Implications' 
Manish Vinyls Pvt Ltd                   Export Packing     CRISIL BBB-    300     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications' 
Manish Vinyls Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications' 
Manjushree Hardwares                    Overdraft          CRISIL D       55
Issuer Not Cooperating
Manjushree Hardwares                    Proposed LT Bk     CRISIL D       1
                                        Loan Fac
Issuer Not Cooperating
Marudhar Fashions                       LT Loan            CRISIL B+/     130
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Marudhar Fashions                       LT Loan            CRISIL B+/     130
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mauli Pattern                           CC                 CRISIL B+/     6.5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mauli Pattern                           Proposed CC Limit  CRISIL B+/     11
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mauli Pattern                           Proposed LT Bk     CRISIL B+/     15.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mauli Pattern                           Proposed TL        CRISIL B+/     12
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mauli Pattern                           TL                 CRISIL B+/     45
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Max Gold                                CC                 CRISIL B+/     120
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Maxop Engineering Company Pvt Ltd       CC*                CRISIL BBB     210     Reaffirmed
Placed on 'Rating Watch with Developing Implications'; *Interchangeable with Export Packing
Credit Limit
Maxop Engineering Company Pvt Ltd       LT Loan            CRISIL BBB     883.1   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Maxop Engineering Company Pvt Ltd       Proposed FB Bk     CRISIL BBB     120.1   Reaffirmed
                                        Limits
Placed on 'Rating Watch with Developing Implications'
MBR Flexibles Ltd                       CC                 CRISIL B+/     85
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
MBR Flexibles Ltd                       TL                 CRISIL B+/     50.2
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
MBR Flexibles Ltd                       WC TL              CRISIL B+/     10
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
MBS Services                            Overdraft          CRISIL B+/     164
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Medhaj Techno Concept Pvt Ltd           Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Meet Pvt Ltd                            Packing Credit     CRISIL A4      45
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Meet Pvt Ltd                            Foreign Bill       CRISIL B+/     50
                                        Discounting        Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Negative Issuer Not Cooperating'
Meet Pvt Ltd                            Overdraft          CRISIL B+/     5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Negative Issuer Not Cooperating'
Meet Pvt Ltd                            Proposed LT Bk     CRISIL B+/     25
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Negative Issuer Not Cooperating'
Mega Fibre Pvt Ltd                      Bill Discounting   CRISIL B+/     25
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mega Fibre Pvt Ltd                      CC                 CRISIL B+/     25
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mega Fibre Pvt Ltd                      Proposed LT Bk     CRISIL B+/     86
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mega Fibre Pvt Ltd                      TL                 CRISIL B+/     4
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Metro Spare Part India Pvt Ltd          CC                 CRISIL B+/     60
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Metro Spare Part India Pvt Ltd          CC                 CRISIL B+/     60
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Million Ceramic                         CC                 CRISIL B+/     27.5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Million Ceramic                         LT Loan            CRISIL B+/     60
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Million Ceramic                         Proposed LT Bk     CRISIL B+/     0.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Minerva Brigade                         Lease Rental       CRISIL B+/     70
                                        Discounting Loan   Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Minerva Brigade                         Proposed LT Bk     CRISIL B+/     55
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Mittal Lumber Pvt Ltd                   CC                 CRISIL B-/     22.5
                                                           Stable
Issuer Not Cooperating
MJR Builders Pvt Ltd                    Proposed LT Bk     CRISIL B+/     450
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
MJR Builders Pvt Ltd                    TL                 CRISIL B+/     200
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Model Tanners India Pvt Ltd             Packing Credit     CRISIL BB+/    550     Assigned
                                                           Stable
MVR Constructions                       BG                 CRISIL B+/     15
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
MVR Constructions                       Proposed FB Bk     CRISIL B+/     45
                                        Limits             Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
MVR Constructions                       Secured Overdraft  CRISIL B+/     40
                                        Fac                Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
N A R Infra Pvt Ltd                     Overdraft          CRISIL B+/     40
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
National Industries                     CC                 CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
National Industries                     Proposed LT Bk     CRISIL B+/     75
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Navair International Pvt Ltd            CC                 CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Navicom Technology International Pvt LtdCC                 CRISIL B+/     20
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Neelson Overseas                        Bill Discounting   CRISIL B+/     14
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Neelson Overseas                        Foreign LOC        CRISIL B+/     5.5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Neelson Overseas                        LT Loan            CRISIL B+/     35
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Neelson Overseas                        Proposed LT Bk     CRISIL B+/     40.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
NeuroGen Brain And Spine Institute      Proposed TL        CRISIL BB      100     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
NeuroGen Brain And Spine Institute      TL                 CRISIL BB      120     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Nikhil Adhesives Ltd                    CC                 CRISIL BBB-    250     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Nimbus Harbor Facilities Management Pvt Rating Advisory    -              -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nirmal Bang Securities Pvt Ltd          NCD                CRISIL BBB+/   500
                                                           Stable
Nirmal Bang Securities Pvt Ltd          Overdraft          CRISIL BBB+/   385     Reaffirmed
                                                           Stable 
Nirmal Bang Securities Pvt Ltd          Proposed LT Bk     CRISIL BBB+/   365     Reaffirmed
                                        Loan Fac           Stable 
Noble Educational Trust                 Line of Credit     CRISIL B+/     10
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Noble Educational Trust                 Overdraft          CRISIL B+/     2.5
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Noble Educational Trust                 Proposed LT Bk     CRISIL B+/     2.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Noble Educational Trust                 TL                 CRISIL B+/     65
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB/Stable Issuer Not Cooperating
Noble Educational Trust                 Line of Credit     CRISIL B+/     10
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Noble Educational Trust                 Overdraft          CRISIL B+/     2.5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Noble Educational Trust                 Proposed LT Bk     CRISIL B+/     2.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Noble Educational Trust                 TL                 CRISIL B+/     65
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Northpole Industries                    Export Packing     CRISIL B+/     50
                                        Credit             Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Northpole Industries                    Proposed LT Bk     CRISIL B+/     5.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Northpole Industries                    TL                 CRISIL B+/     4.3
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Northpole Industries                    Export Packing     CRISIL B+/     50
                                        Credit             Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Northpole Industries                    Proposed LT Bk     CRISIL B+/     5.7
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Northpole Industries                    TL                 CRISIL B+/     4.3
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Nuray Chemicals Pvt Ltd                 LT Loan            CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Nuray Chemicals Pvt Ltd                 Proposed LT Bk     CRISIL B+/     230
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from CRISIL BB-/Stable Issuer Not Cooperating
Nuray Chemicals Pvt Ltd                 LT Loan            CRISIL B+/     100
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Nuray Chemicals Pvt Ltd                 Proposed LT Bk     CRISIL B+/     230
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
ONGC Mangalore Petrochemicals Ltd       CP                 CRISIL A1+     35000   Reaffirmed
ONGC Mangalore Petrochemicals Ltd       Compulsory         Provisional    10000   Assigned
                                        Convertible        CRISIL
                                        Debentures         AAAr(CE)/ Stable
Pascos                                  CC                 CRISIL BBB-/   750
                                                           Negative
Downgraded from 'CRISIL BBB/Stable'
Pentagon Lubricants India Pvt Ltd       CC                 CRISIL B+/     28.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Pentagon Lubricants India Pvt Ltd       LT Loan            CRISIL B+/     20
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Pentagon Lubricants India Pvt Ltd       Proposed LT Bk     CRISIL B+/     1.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Rating Migrated
Phoolchand Bhagatsingh                  Bill Discounting   CRISIL BBB-    50      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Phoolchand Bhagatsingh                  CC                 CRISIL BBB-    690     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Phoolchand Bhagatsingh                  CC*                CRISIL BBB-    360     Assigned
Placed on 'Rating Watch with Developing Implications'; *Interchangeability with LC and WCDL
PNP Polymers Pvt Ltd                    LOC                CRISIL BBB     100
Placed on 'Rating Watch with Developing Implications'
PNP Polymers Pvt Ltd                    TL                 CRISIL BBB     750
Placed on 'Rating Watch with Developing Implications'
PNP Polytex Pvt Ltd                     LOC*               CRISIL BBB     150     Reaffirmed
Placed on 'Rating Watch with Developing Implications'; *Rs 15 crore CC as sublimit
PNP Polytex Pvt Ltd                     LOC#               CRISIL BBB     200     Reaffirmed
Placed on 'Rating Watch with Developing Implications'; #Rs 5 crore CC as Sub limit
PNP Polytex Pvt Ltd                     LOC$               CRISIL BBB     200     Reaffirmed
Placed on 'Rating Watch with Developing Implications'; $Rs 7 crore CC as Sub limit
Prahlad Flour Mills Pvt Ltd             CC                 CRISIL BB/     122.5
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Prahlad Flour Mills Pvt Ltd             Proposed FB Bk     CRISIL BB/     3.3
                                        Limits             Stable
Issuer Not Cooperating; Rating Migrated
Prahlad Flour Mills Pvt Ltd             TL                 CRISIL BB/     9.2
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Prince Gold and Diamonds India Pvt Ltd  CC                 CRISIL BBB     1550
Placed on Rating Watch with Developing Implications
Prince Gold and Diamonds India Pvt Ltd  CC & WC demand loanCRISIL BBB     750
Placed on Rating Watch with Developing Implications
Prince Gold and Diamonds India Pvt Ltd  Cash TL            CRISIL BBB     65
Placed on Rating Watch with Developing Implications
Prince Gold and Diamonds India Pvt Ltd  WC Demand Loan     CRISIL BBB     300
Placed on Rating Watch with Developing Implications
Prince Gold and Diamonds India Pvt Ltd  CC                 CRISIL BBB     1550    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Prince Gold and Diamonds India Pvt Ltd  CC & WC demand loanCRISIL BBB     750     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Prince Gold and Diamonds India Pvt Ltd  Cash TL            CRISIL BBB     65      Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Prince Gold and Diamonds India Pvt Ltd  WC Demand Loan     CRISIL BBB     300
Placed on 'Rating Watch with Developing Implications'
Prolific Systems and Technologies Pvt   CC                 CRISIL BBB-    270     Reaffirmed
Ltd
Placed on 'Rating Watch with Developing Implications'
Q Nineth Ceramics                       Open CC            CRISIL B+      110     Reaffirmed
Raksha Polycoats Pvt Ltd                CC                 CRISIL B/      37.5    Assigned
                                                           Stable
Ratnakala Exports Pvt Ltd               Export Packing     CRISIL BBB+    430     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Ratnakala Exports Pvt Ltd               Post Shipment      CRISIL BBB+    570     Reaffirmed
                                        Credit
Placed on 'Rating Watch with Developing Implications'
Ratnakala Exports Pvt Ltd               Proposed FB Bk     CRISIL BBB+    102     Reaffirmed
                                        Limits
Placed on 'Rating Watch with Developing Implications'
RG Sundar and Co                        CC                 -              75      Withdrawn
Issuer Not Cooperating
RG Sundar and Co                        LT Loan            -              51      Withdrawn
Issuer Not Cooperating
RMP Fab Sourcing Pvt Ltd                LT Loan            CRISIL BB+/    50      Reaffirmed
                                                           Stable
Sahajanand Laser Technology Ltd         Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sahyog Cotton and Oil Pvt Ltd           CC                 CRISIL BB-/    400     Reaffirmed
                                                           Stable
Sahyog Cotton and Oil Pvt Ltd           Proposed LT Bk     CRISIL BB-/    18.5    Reaffirmed
                                        Loan Fac           Stable
Sahyog Cotton and Oil Pvt Ltd           TL                 CRISIL BB-/    1.5     Reaffirmed
                                                           Stable
Samys International                     Packing Credit     -              50      Withdrawn
Issuer Not Cooperating
Samys International                     Proposed LT Bk     -              2.5     Withdrawn
                                        Loan Fac
Issuer Not Cooperating
Sandhya Aqua Exports Pvt Ltd            LT Loan            CRISIL BB/     20
                                                           Stable
Migrated from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sarv Biolabs Pvt Ltd                    Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shakumbhri Pulp and Paper Mills Ltd     Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sharp Ferro Alloys Ltd                  CC                 CRISIL BBB/    335     Reaffirmed
                                                           Stable
Sharp Ferro Alloys Ltd                  CC                 CRISIL BBB/    335     Reaffirmed
                                                           Stable
Shell Lifesciences Pvt Ltd              CC                 CRISIL B/      70      Assigned
                                                           Stable
Shell Lifesciences Pvt Ltd              CC                 CRISIL B/      70      Assigned
                                                           Stable
Shree Durga Parameshwari Motors Pvt Ltd CC                 CRISIL B/      75      Reaffirmed
                                                           Stable
Shree Durga Parameshwari Motors Pvt Ltd LT Loan            CRISIL B/      20      Reaffirmed
                                                           Stable
Shree Durga Parameshwari Motors Pvt Ltd Proposed LT Bk     CRISIL B/      5       Reaffirmed
                                        Loan Fac           Stable
Shree Durga Parameshwari Motors Pvt Ltd CC                 CRISIL B/      75      Reaffirmed
                                                           Stable
Shree Durga Parameshwari Motors Pvt Ltd LT Loan            CRISIL B/      20      Reaffirmed
                                                           Stable
Shree Durga Parameshwari Motors Pvt Ltd Proposed LT Bk     CRISIL B/      5       Reaffirmed
                                        Loan Fac           Stable
Shree Saikrupa Agro Industries          CC                 -              34      Withdrawn
Issuer Not Cooperating
Shree Saikrupa Agro Industries          Proposed CC Limit  -              12.1    Withdrawn
Issuer Not Cooperating
Shree Saikrupa Agro Industries          TL                 -              21.9    Withdrawn
Issuer Not Cooperating
Shri Ram Impex India Pvt Ltd            Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shrinath Rotopack Pvt Ltd               CC                 CRISIL BBB+    1370    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Shrinath Rotopack Pvt Ltd               Proposed LT Bk     CRISIL BBB+    165.5   Reaffirmed
                                        Loan Fac
Placed on 'Rating Watch with Developing Implications'
Shrinath Rotopack Pvt Ltd               TL                 CRISIL BBB+    516.5   Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Siddhantham Tollway Pvt Ltd             -                  -
Update on MAIF 2 Road SPVs: CRISIL will continue to closely monitor the developments and their
impact on the outstanding rating on the MAIF 2 Road SPVs and take the appropriate rating action
as and when necessary.
Sincon Infrastructure Pvt Ltd           CC                 CRISIL BB-/    40      Assigned
                                                           Stable
Sitaram Ayurveda Pvt Ltd                Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Skaf Construction Pvt Ltd               CC                 CRISIL BB-/    30      Reaffirmed
                                                           Stable
Smrity Paper Mills Pvt Ltd              CC                 CRISIL BB/     20      Reaffirmed
                                                           Stable
Smrity Paper Mills Pvt Ltd              Proposed LT Bk     CRISIL BB/     57      Reaffirmed
                                        Loan Fac           Stable
Smrity Paper Mills Pvt Ltd              Rupee TL           CRISIL BB/     8       Reaffirmed
                                                           Stable
Southern Pharma India Pvt Ltd           Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Anjani Putra Educational Society    Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Lakshmi Kalavathi Cotton Company    CC & WC demand loanCRISIL B/      90      Reaffirmed
                                                           Stable
Sri Lakshmi Kalavathi Cotton Company    Proposed LT Bk     CRISIL B/      10      Reaffirmed
                                        Loan Fac           Stable
Sri Lakshmi Kalavathi Cotton Company    CC & WC demand loanCRISIL B/      90      Reaffirmed
                                                           Stable
Sri Lakshmi Kalavathi Cotton Company    Proposed LT Bk     CRISIL B/      10      Reaffirmed
                                        Loan Fac           Stable
Sri Sai Leela Electrical Projects       Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Vani Trading and Co.                CC                 CRISIL D       10
Issuer Not Cooperating; Downgraded from 'CRISIL B/Stable Issuer Not Cooperating' 
Sri Vani Trading and Co.                Foreign LOC        CRISIL D       50
Issuer Not Cooperating; Downgraded from 'CRISIL B/Stable Issuer Not Cooperating' 
Sunvik Steels Pvt Ltd                   CC                 CRISIL BBB     450     Reaffirmed
Placed on 'Rating Watch with Developing Implications' 
Tapi Prestressed Products Ltd           BG                 CRISIL D       35
Downgraded from 'CRISIL B/Stable'
Tapi Prestressed Products Ltd           CC                 CRISIL D       300
Downgraded from 'CRISIL B/Stable'
Tapi Prestressed Products Ltd           LOC & BG           CRISIL D       240
Downgraded from 'CRISIL B/Stable'
Tapi Prestressed Products Ltd           Proposed LOC & BG  CRISIL D       55
Downgraded from 'CRISIL B/Stable'
The Ananda Bag Tea Co. Ltd.             Foreign            CRISIL A4+     20
                                        Discounting Bill
                                        Purchase
Issuer Not Cooperating; Rating Migrated
The Ananda Bag Tea Co. Ltd.             Letter Of GuaranteeCRISIL A4+     10
Issuer Not Cooperating; Rating Migrated
The Ananda Bag Tea Co. Ltd.             Packing Credit     CRISIL A4+     8
Issuer Not Cooperating; Rating Migrated
The Ananda Bag Tea Co. Ltd.             CC                 CRISIL BB+/    82
                                                           Stable
Issuer Not Cooperating; Rating Migrated
Toshniwal Enterprises Controls Ltd      BG                 CRISIL D       125
Issuer Not Cooperating; Downgraded from 'CRISIL BB/Stable Issuer Not Cooperating'
Toshniwal Enterprises Controls Ltd      CC                 CRISIL D       290
Issuer Not Cooperating; Downgraded from 'CRISIL BB/Stable Issuer Not Cooperating'
Toshniwal Enterprises Controls Ltd      LOC                CRISIL D       15
Issuer Not Cooperating; Downgraded from 'CRISIL BB/Stable Issuer Not Cooperating'
Toshniwal Enterprises Controls Ltd      Proposed FB Bk     CRISIL D       17
                                        Limits
Issuer Not Cooperating; Downgraded from 'CRISIL BB/Stable Issuer Not Cooperating'
Toshniwal Enterprises Controls Ltd      TL                 CRISIL D       48
Issuer Not Cooperating; Downgraded from 'CRISIL BB/Stable Issuer Not Cooperating'
Udaipur Poly Sacks Ltd                  CC                 CRISIL BB+/    230     Assigned
                                                           Stable
Umang Dairies Ltd                       CC                 CRISIL BBB     350     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Umang Dairies Ltd                       TL                 CRISIL BBB     150     Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Union Asset Management Company Pvt Ltd  Union Liquid Fund  CRISIL AAAmfs          Reaffirmed
Vaayu Renewable Energy (Tapti) Pvt Ltd  LT Loan            CRISIL BBB-    1160    Reaffirmed
Placed on 'Rating Watch with Developing Implications'
Valluvanad Hospital Complex Ltd         TL                 -              110     Withdrawn
Issuer Not Cooperating
Varsha Printing Inks Mfg. Co.           CC                 -              80
Issuer Not Cooperating
Varsha Printing Inks Mfg. Co.           Proposed WC Fac    -              20
Issuer Not Cooperating
Vee Cee Exports                         BG                 -              0.5     Withdrawn
Issuer Not Cooperating
Vee Cee Exports                         LT Loan            -              9       Withdrawn
Issuer Not Cooperating
Vee Cee Exports                         Packing Credit     -              40      Withdrawn
Issuer Not Cooperating
Vee Cee Exports                         Post Shipment      -              30      Withdrawn
                                        Credit
Issuer Not Cooperating
Vee Cee Exports                         Proposed WC Fac    -              20.5    Withdrawn
Issuer Not Cooperating
Veeraj Construction                     BG                 -              125     Withdrawn
Issuer Not Cooperating
Veeraj Construction                     CC                 -              45      Withdrawn
Issuer Not Cooperating
Yadav Tractor Company                   Rating Advisory    -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
--------------------------------------------------------------------------------------------
$: 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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