March 2, 2020 / 9:40 AM / a month ago

CRISIL ratings for Indian debt instruments-Mar 2 Part I

   Mar 2 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of February 28 & 29, 2020 (Part I).


COMPANY                               INSTRUMENT         RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                ----------         ------        -----  ---------
SHORT TERM RATINGS:
-------------------
AVI Appliances Pvt Ltd                 BG                CRISIL A3     100    Reaffirmed
Badve Engineering Ltd                  Bill Discounting  CRISIL A1     1695.4 Reaffirmed
Badve Engineering Ltd                  LOC               CRISIL A1     100    Reaffirmed
Capco Water Solutions Pvt Ltd          BG                CRISIL A4     50     Assigned
Carnation Industries Ltd               BG                CRISIL A4     10     Reaffirmed
Issuer Not Cooperating
Carnation Industries Ltd               Export Packing    CRISIL A4     160    Reaffirmed
                                       Credit
Issuer Not Cooperating
Carnation Industries Ltd               Foreign Bill      CRISIL A4     44.5   Reaffirmed
                                       Discounting
Issuer Not Cooperating
Carnation Industries Ltd               Foreign Bill      CRISIL A4     27.5   Reaffirmed
                                       Exchange
Issuer Not Cooperating
Carnation Industries Ltd               Foreign LOC       CRISIL A4     18     Reaffirmed
Issuer Not Cooperating
Carnation Industries Ltd               Foreign Usance    CRISIL A4     45     Reaffirmed
                                       Bills Purchase -
                                       Discounting
Issuer Not Cooperating
Carnation Industries Ltd               LOC               CRISIL A4     80     Reaffirmed
Issuer Not Cooperating
Carnation Industries Ltd               Packing Credit    CRISIL A4     40     Reaffirmed
Issuer Not Cooperating
Carnation Industries Ltd               Standby Line of   CRISIL A4     40     Reaffirmed
                                       Credit
Issuer Not Cooperating
Cenlub Industries Ltd                  BG                CRISIL A4     20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Cenlub Industries Ltd                  LOC               CRISIL A4     10
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Ebullient Packaging Pvt Ltd            LOC               CRISIL A3     1.3    Assigned
Ebullient Packaging Pvt Ltd            BG                CRISIL A3     5      Assigned
Equitas Small Finance Bank Ltd         CDs Programme     CRISIL A1+    20000  Reaffirmed
GPC Infrastructure Pvt Ltd             BG                CRISIL A3+    690    Reaffirmed
Himgiri Castings Pvt Ltd               BG                CRISIL A2     15     Reaffirmed
India Infoline Finance Ltd             CP                CRISIL A1+    80000  Reaffirmed
India Infoline Finance Ltd             CP Programme-IPO  CRISIL A1+    80000  Reaffirmed
                                       Financing)
Enhanced from Rs.6000 Crore
Inox Air Products Pvt Ltd              LOC**             CRISIL A1+    870    Reaffirmed
** Interchangeable with bank guarantee or standby letter of credit
Inox Air Products Pvt Ltd              Proposed ST Bk    CRISIL A1+    250    Reaffirmed
                                       Loan Fac
Inox Air Products Pvt Ltd              ST Debt           CRISIL A1+    500    Reaffirmed
Jijau MU3 Project Pvt Ltd              Proposed ST Bk    CRISIL A4+    34.1   Assigned
                                       Loan Fac
JM Financial Products Ltd              CP Issue*         CRISIL A1+    35000  Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd              CP                CRISIL A1+    30000  Reaffirmed
Kotak Mahindra Investments Ltd         CP Programme-IPO  CRISIL A1+    20000  Reaffirmed 
                                       Financing)*
*Assigned for application on proprietary account and is over and above Rs 7,000 crore commercial
paper programme
Kotak Mahindra Investments Ltd         CP                CRISIL A1+    70000  Reaffirmed 
Kotak Mahindra Prime Ltd               Proposed ST Bk    CRISIL A1+    29750  Reaffirmed
                                       Loan Fac^^
^^Interchangeable with long term bank facilities
Kotak Mahindra Prime Ltd               CP Programme      CRISIL A1+    90000  Reaffirmed
Kotak Mahindra Prime Ltd               CP Programme-IPO  CRISIL A1+    65000  Reaffirmed
                                       Financing)*
Enhanced from Rs.3000 Crore; *Assigned for application on proprietary account and is over and
above Rs 7,000 crore commercial paper programme
LCL Logistix India Pvt Ltd             BG                CRISIL A4+    200
Downgraded from 'CRISIL A3'
Lisha Engineers Pvt Ltd                BG                CRISIL A4+    465
Issuer Not Cooperating; Migrated from 'CRISIL A3'
Magick Woods Exports Pvt Ltd           BG                CRISIL A4+    2.5
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Magick Woods Exports Pvt Ltd           Export Packing    CRISIL A4+    330
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Magick Woods Exports Pvt Ltd           Inland/Import LOC CRISIL A4+    187.5
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Malabar Cements Ltd                    BG                CRISIL A4+    28.6   Assigned
Malabar Cements Ltd                    LOC               CRISIL A4+    14.8   Assigned
Mangalam Rice Mill Pvt Ltd             Letter Of GuaranteCRISIL A4+    4.9
Withdrawn/Issuer Not Cooperating
Mirza International Ltd                BG                CRISIL A2+    5      Reaffirmed
Mirza International Ltd                Bill Discounting  CRISIL A2+    1900   Reaffirmed
Mirza International Ltd                LOC               CRISIL A2+    500    Reaffirmed
Mirza International Ltd                Packing Credit    CRISIL A2+    1200   Reaffirmed
Mirza International Ltd                CP                CRISIL A2+    500    Reaffirmed
Mohit Diamonds Pvt Ltd                 Packing Credit    CRISIL A4     350.4

Upgraded from 'CRISIL D'
Mohit Diamonds Pvt Ltd                 Post Shipment     CRISIL A4     409.6
                                       Credit
Upgraded from 'CRISIL D'
Mohit Diamonds Pvt Ltd                 Proposed ST Bk    CRISIL A4     125
                                       Loan Fac
Upgraded from 'CRISIL D'
Munjal Showa Ltd                       BG                CRISIL A1+    22.5   Reaffirmed
Munjal Showa Ltd                       LOC@              CRISIL A1+    435    Reaffirmed
@Rs 30 crore as ad hoc unsecured import letter of credit limit
Munjal Showa Ltd                       CP                CRISIL A1+    60     Reaffirmed
Nirma Ltd                              LOC & BG          CRISIL A1+    4000   Reaffirmed
Nirma Ltd                              CP                CRISIL A1+    15000  Reaffirmed
Nishi Forex And Leisure Pvt Ltd        BG                CRISIL A4+    30     Assigned
Assigned; Suspension Revoked
Nishi Forex And Leisure Pvt Ltd        Foreign Exchange  CRISIL A4+    1.2    Assigned
                                       Forward
Assigned; Suspension Revoked
Nitya Electrocontrols Pvt Ltd          BG                CRISIL A4+    80     Assigned
Assigned; Suspension Revoked
OM Packaging                           LOC               CRISIL A4     5      Assigned
Patna Offset Press                     BG                CRISIL A4     50     Assigned
Phalanx Labs Pvt Ltd                   CC                CRISIL A4     75
Issuer Not Cooperating; Rating Withdrawn
Phalanx Labs Pvt Ltd                   LOC & BG          CRISIL A4     25
Issuer Not Cooperating; Rating Withdrawn
Phalanx Labs Pvt Ltd                   LT Loan           CRISIL A4     225
Issuer Not Cooperating; Rating Withdrawn
Phalanx Labs Pvt Ltd                   Proposed LT Bk    CRISIL A4     95
                                       Loan Fac
Issuer Not Cooperating; Rating Withdrawn
Prakash Chand Rai                      BG                CRISIL A4+    145    Reaffirmed
Prasad and Company (Project Works) Ltd BG*               CRISIL A4     2350
Upgraded from 'CRISIL D' ; *Includes Rs 30 crore interchangeable with letter of credit
Prasad and Company (Project Works) Ltd BG                CRISIL A4     1237.6
Upgraded from 'CRISIL D'
Prasad and Company (Project Works) Ltd Proposed BG       CRISIL A4     2292.4
Upgraded from 'CRISIL D'
Puzzolana Machinery Fabricators        BG                CRISIL A1     250    Reaffirmed
(Hyderabad) LLP
Rhythm Knit India Pvt Ltd              Post Shipment     CRISIL A4+    30
                                       Credit
Withdrawn/Issuer Not Cooperating
Rhythm Knit India Pvt Ltd              Pre Shipment CrediCRISIL A4+    85.1
Withdrawn/Issuer Not Cooperating
Sarla Holdings Pvt Ltd                 BG                CRISIL A4+    5
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Sarla Holdings Pvt Ltd                 LOC               CRISIL A4+    15
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Sarla Holdings Pvt Ltd                 LOC & BG          CRISIL A4+    5
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Shiridi Sainadh Industries             BG                CRISIL A4     58     Assigned
Shivalik Infraventures Pvt Ltd         BG                CRISIL A4+    110    Reaffirmed
South West Pinnacle Exploration Ltd    BG#               CRISIL A3+    220    Reaffirmed
#Interchangeable with letter of credit up to Rs 3 crore.
Sozin Flora Pharma LLP                 Overdraft         CRISIL A4     30     Assigned
Spark Conductors Pvt Ltd               LOC & BG          CRISIL A4     32.5   Assigned
Sunder Marketing Associates Pvt Ltd    LOC               CRISIL A4+    60     Assigned
Assigned; Suspension Revoked
Suraj Products Ltd                     LOC               CRISIL A4     10
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Tab India Granites Pvt Ltd             LOC               CRISIL A4+    20
Issuer Not Cooperating; Migrated from 'CRISIL A3+'
Tab India Granites Pvt Ltd             LOC & BG          CRISIL A4+    380
Issuer Not Cooperating; Migrated from 'CRISIL A3+'
Tab India Granites Pvt Ltd             Packing Credit    CRISIL A4+    590
Issuer Not Cooperating; Migrated from 'CRISIL A3+'
Techno Commercial Company Pvt Ltd      Bill Negotiation  CRISIL A4     10     Assigned
The Arasan Aluminium Industries Pvt LtdBG                CRISIL A4+    2
Issuer Not Cooperating; Migrated from 'CRISIL A3'
Unovel Industries Pvt Ltd              Pre Shipment Fac  CRISIL A4+    40     Assigned
Unovel Industries Pvt Ltd              BG                CRISIL A4+    3.1    Assigned
Unovel Industries Pvt Ltd              LOC               CRISIL A4+    30     Assigned
Vishwanath Projects Ltd                BG                CRISIL A2     1930   Assigned
Assigned; Suspension Revoked
Vishwanath Projects Ltd                LOC               CRISIL A2     90     Assigned
Assigned; Suspension Revoked
VMS Industries Ltd                     LOC               CRISIL A3     955    Reaffirmed
Y V Mane Constructions Pvt Ltd         BG                CRISIL A4+    10     Assigned
Y V Mane Constructions Pvt Ltd         Overdraft         CRISIL A4+    15     Assigned

MEDIUM TERM RATINGS:
-------------------
Ujjivan Small Finance Bank Ltd         ST FD Programme   CRISIL A1+    30000
Placed on 'Notice of Withdrawal'

LONG TERM RATINGS:
-------------------
A K Nandi Agro Based Pvt Ltd           CC                CRISIL        9.3    Assigned
                                                         B+/Stable
A K Nandi Agro Based Pvt Ltd           Rupee TL          CRISIL        65.7   Assigned
                                                         B+/Stable
Aarnav Industries Pvt Ltd              CC                CRISIL        500    Assigned
                                                         BBB/Stable
Assigned; Suspension Revoked
Abha Agro Exports Pvt Ltd              CC                -             150
Issuer Not Cooperating; Withdrawn
Adinath Dyeing And Finishing Mills     Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Adithi Automotives Pvt Ltd             CC                CRISIL D      80
Issuer Not Cooperating; Downgraded from 'CRISIL B+/Stable
Adithi Automotives Pvt Ltd             Proposed CC Limit CRISIL D      60
Issuer Not Cooperating; Downgraded from 'CRISIL B+/Stable
Aditya Oil Industries-Mehsana          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Agmotex Fabrics Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ajay Builders                          BG                -             150
Issuer Not Cooperating; Withdrawn
Ajay Builders                          CC                -             22.5
Issuer Not Cooperating; Withdrawn
AJFAN Dates And Nuts                   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ajintha Industries Pvt Ltd             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Akesiss Pharma Pvt Ltd                 CC                -             19.5
Issuer Not Cooperating; Withdrawn
Akesiss Pharma Pvt Ltd                 Loan Against      -             2.5
                                       Property
Issuer Not Cooperating; Withdrawn
Akesiss Pharma Pvt Ltd                 LT Bk Fac         -             23
Issuer Not Cooperating; Withdrawn
Aligarh Roller Flour Mills Pvt Ltd     Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Allied India Iron and Steels Pvt Ltd   CC                CRISIL        110    Reaffirmed
                                                         B-/Stable
Alpine Spinweave Pvt Ltd               CC                CRISIL        310    Assigned
                                                         BBB/Stable
Alpine Spinweave Pvt Ltd               TL                CRISIL        190    Assigned
                                                         BBB/Stable
Amarchand Jewellers Pvt Ltd            Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
AMR Sumangalee Jewellerrs              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Amravati Power Transmission Co. Ltd    TL                CRISIL        2010   Reaffirmed
                                                         A-/Stable
Ankush Enterprise                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Aquent Advance Material Technologies   LOC^              CRISIL        250
Pvt Ltd                                                  BBB-/Stable
Outlook revised from 'Positive' and rating reaffirmed ; ^Includes sub-limit for Cash Credit of
Rs.6 crore
Aquent Advance Material Technologies   WC Fac*           CRISIL        50
Pvt Ltd                                                  BBB-/Stable
Outlook revised from 'Positive' and rating reaffirmed ; * Includes sub-limit for Letter of
Credit of Rs.5 crore
Archis Packaging India Pvt Ltd         Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Arihant Tiles And Marbles Pvt. Ltd.    BG                -             2.5
Issuer Not Cooperating; Withdrawn
Arihant Tiles And Marbles Pvt. Ltd.    CC                -             278
Issuer Not Cooperating; Withdrawn
Arihant Tiles And Marbles Pvt. Ltd.    LT Loan           -             139.5
Issuer Not Cooperating; Withdrawn
Aromatics India Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Aron Universal Ltd                     Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Array Stone Hub Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ashapura China Clay Co LLP             CC                CRISIL        35     Assigned
                                                         BB+/Stable
Ashapura China Clay Co LLP             TL                CRISIL        35     Assigned
                                                         BB+/Stable
Ashish Exports                         Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Asia Associates                        Proposed BG       CRISIL A4     1      Assigned
Asia Associates                        BG                CRISIL A4     24     Assigned
Asia Associates                        CC                CRISIL        25     Assigned
                                                         B/Stable
Aspen Shaving Products                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
AST Telecom Solar Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Atarson Overseas Pvt Ltd               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Augustan Knitwear Pvt Ltd              Bill Discounting  -             190
Issuer Not Cooperating; Withdrawn
Augustan Knitwear Pvt Ltd              LOC               -             60
Issuer Not Cooperating; Withdrawn
Augustan Knitwear Pvt Ltd              LT Loan           -             115
Issuer Not Cooperating; Withdrawn
Augustan Knitwear Pvt Ltd              Packing Credit    -             100
Issuer Not Cooperating; Withdrawn
Aulakh Healthcare                      TL                CRISIL        180
                                                         B-/Stable
Withdrawn/Issuer Not Cooperating
Autologic Motors India Pvt Ltd         Electronic Dealer CRISIL        120    Reaffirmed
                                       Financing         B+/Stable
                                       Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Autologic Motors India Pvt Ltd         LT Loan           CRISIL        20     Reaffirmed
                                                         B+/Stable
Issuer Not Cooperating; Rating Migrated
Autologic Motors India Pvt Ltd         Secured Overdraft CRISIL        10     Reaffirmed
                                       Fac               B+/Stable
Issuer Not Cooperating; Rating Migrated
AVI Appliances Pvt Ltd                 CC                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
AVI Appliances Pvt Ltd                 Proposed LT Bk    CRISIL        97.5   Reaffirmed
                                       Loan Fac          BBB-/Stable
AVR Constructions                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
AVR Overseas Pvt Ltd                   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Avtar Steel Ltd                        Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Axwell Granito Pvt Ltd                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Babanraoji Shinde Sugar & Allied       TL                -             923.2
Industries Ltd
Withdrawn/Issuer Not Cooperating
Babanraoji Shinde Sugar & Allied       TL                CRISIL D      350
Industries Ltd
Issuer Not Cooperating
Badve Engineering Ltd                  CC                CRISIL        2659.9 Reaffirmed
                                                         A/Stable 
Badve Engineering Ltd                  Channel Financing CRISIL        650    Reaffirmed
                                                         A/Stable 
Badve Engineering Ltd                  External          CRISIL        105    Reaffirmed
                                       Commercial        A/Stable 
                                       Borrowings
Badve Engineering Ltd                  Proposed LT Bk    CRISIL        1493.4 Reaffirmed
                                       Loan Fac          A/Stable 
Badve Engineering Ltd                  TL                CRISIL        14796.3Assigned
                                                         A/Stable 
Bajrangbali Vanijya Pvt Ltd            CC                -             100
Issuer Not Cooperating; Withdrawn
Bajrangbali Vanijya Pvt Ltd            Export Packing    -             50
                                       Credit
Issuer Not Cooperating; Withdrawn
Bajrangbali Vanijya Pvt Ltd            TL                -             219
Issuer Not Cooperating; Withdrawn
Balaji Contracting Company Pvt Ltd     Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Balamurugan Automobiles                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Balamurugan Enterprises                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
BDG Metal and Power Ltd                Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Benarjee Poultry Farms                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bengal International Haat J.V          Proposed LT Bk    CRISIL        150    Assigned
                                       Loan Fac          B/Stable
Bhagyodaya Motors Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bhagyodaya Trokhos Pvt Ltd             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bhandari Automobiles Pvt Ltd           Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bharath Electronics & Appliances       CC                -             80
Withdrawn/Issuer Not Cooperating
Bharath Electronics & Appliances       LT Loan           -             15
Withdrawn/Issuer Not Cooperating
Bharath Electronics & Appliances       Proposed WC Fac   -             5
Withdrawn/Issuer Not Cooperating
Bhartia Distributors Pvt Ltd           Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Biswajanani Cold Storage Pvt Ltd       Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bivab Developers Pvt Ltd               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bombay Cloth House                     Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bommidala Sreeram Agro Traders Pvt Ltd Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Bothe Windfarm Development Pvt Ltd     LT Loan           -             764.3  Withdrawn
Bothe Windfarm Development Pvt Ltd     CC                CRISIL        700
                                                         BBB+/Positive
Upgraded from 'CRISIL BBB/Positive'
Bothe Windfarm Development Pvt Ltd     LT Loan           CRISIL        8047.7
                                                         BBB+/Positive
Upgraded from 'CRISIL BBB/Positive'
Bothe Windfarm Development Pvt Ltd     WC Demand Loan    CRISIL        650
                                                         BBB+/Positive
Upgraded from 'CRISIL BBB/Positive'
Broadway Megaaplex Pvt Ltd             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Cable House                            BG                -             31.2
Issuer Not Cooperating; Withdrawn
Cable House                            CC                -             40
Issuer Not Cooperating; Withdrawn
Capco Water Solutions Pvt Ltd          CC                CRISIL        40     Assigned
                                                         B+/Stable
Cauvery Timber and Saw Mill            Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Cenlub Industries Ltd                  CC                CRISIL        100
                                                         B+/Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Cenlub Industries Ltd                  Corporate Loan    CRISIL        40
                                                         B+/Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Chem Corporation                       CC                -             7.5
Issuer Not Cooperating; Withdrawn
Chem Corporation                       LOC               -             40
Issuer Not Cooperating; Withdrawn
Chem Corporation                       Proposed LT Bk    -             12.5
                                       Loan Fac
Issuer Not Cooperating; Withdrawn
Chirackal Agro Mills                   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Chopra Hotel & Resorts                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Cindrella Fashions                     CC                CRISIL        44.5   Withdrawn
                                                         BB/Stable
Cindrella Fashions                     TL                CRISIL        10.5   Withdrawn
                                                         BB/Stable
Coatings and Coatings India Pvt Ltd    CC & WC demand loaCRISIL        240    Assigned
                                                         BBB-/Stable
Competent Packaging Industries         Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Concorde Designs Pvt Ltd               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Continental Telepower Industries Ltd   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
CRL Rubber                             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
D. R. J. Impex Pvt Ltd                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
D. S. Rolling Mills Pvt Ltd            Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Deccan Overseas Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Deluxe Sales Corporation               CC                CRISIL        35
                                                         BB-/Stable
Issuer Not Cooperating; Rating Withdrawn
Deluxe Sales Corporation               Letter Of GuaranteCRISIL        1
                                                         BB-/Stable
Issuer Not Cooperating; Rating Withdrawn
Deluxe Sales Corporation               LOC               CRISIL        89
                                                         BB-/Stable
Issuer Not Cooperating; Rating Withdrawn
Deva Interiors Pvt Ltd                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Devdeep Cotton Industries              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dhanashree Agro Products Pvt Ltd       Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dhillon Stone Crusher Pvt Ltd          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dhoot Dal Mill                         Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Diamondstar                            Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dipty Lal Judge Mal Pvt Ltd            CC                CRISIL        150
                                                         BBB+/Stable
Assigned
Dipty Lal Judge Mal Pvt Ltd            TL                CRISIL        400
                                                         BBB+/Stable
Assigned
Dolphin International (Bangalore)      Export Packing    -             120
                                       Credit
Issuer Not Cooperating; Withdrawn
Dolphin International (Bangalore)      Proposed LT Bk    -             80
                                       Loan Fac
Issuer Not Cooperating; Withdrawn
Dr. Kirpal Singh Bakshi Memorial Trust Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dreamlight Merchant Pvt Ltd            CC                CRISIL        30     Reaffirmed
                                                         B+/Stable
Dreamlight Merchant Pvt Ltd            Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B+/Stable
Dynamic Mega Mart Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dynatech Industries Pvt Ltd            Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Dynemic Products Ltd                   Export Finance    CRISIL        310    Reaffirmed
                                       Limit             BBB/Stable
Issuer Not Cooperating; Rating Migrated
Dynemic Products Ltd                   TL                CRISIL        10     Reaffirmed
                                                         BBB/Stable
Issuer Not Cooperating; Rating Migrated
Eastern Construction Co.               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Eastern Petroleum Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ebullient Packaging Pvt Ltd            TL                CRISIL        53.7   Assigned
                                                         BBB-/Positive
Ebullient Packaging Pvt Ltd            CC                CRISIL        272.5  Assigned
                                                         BBB-/Positive
Elan Auto India Ltd                    Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Embiotic Laboratories Pvt Ltd          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Emichem Pvt Ltd                        Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Energy Solutions Pvt Ltd               CC                CRISIL        85     Reaffirmed
                                                         BB+/Negative
Energy Solutions Pvt Ltd               Proposed WC Fac   CRISIL        15     Assigned
                                                         BB+/Negative
Enkay Foam Pvt Ltd                     Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Equitas Small Finance Bank Ltd         TL                CRISIL        11000
                                                         A+/Stable
Upgraded from 'CRISIL A/Positive'
Equitas Small Finance Bank Ltd         NCD               CRISIL        500
                                                         A+/Stable
Upgraded from 'CRISIL A/Positive'
Equitas Small Finance Bank Ltd         Subordinated Debt CRISIL        1500
                                                         A+/Stable
Upgraded from 'CRISIL A/Positive'
Equitas Small Finance Bank Ltd         Subordinated Debt*CRISIL        500
                                                         A+/Stable
Upgraded from 'CRISIL A/Positive'
Eshwarnath Constructions               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ethereal Aromatics                     CC                -             50
Issuer Not Cooperating; Withdrawn
Ethereal Aromatics                     Proposed FB Bk    -             18
                                       Limits
Issuer Not Cooperating; Withdrawn
Ethereal Aromatics                     TL                -             32
Issuer Not Cooperating; Withdrawn
Farida Prime Tannery Pvt Ltd           Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Fibro Plastichem India Pvt Ltd         Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Fine Handling And Automation Pvt Ltd   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Firdous Gold Pattambi LLP              Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
G M Cold Storage Pvt Ltd               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
G N Ship Breakers                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
G. B. Agro Products                    Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Geo Engineering Co Pvt Ltd             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ghan Marine Products                   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Girin Deka                             Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Global Ispaat Pvt Ltd                  Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Gopi Synthetics Pvt Ltd                CC                CRISIL        500    Assigned
                                                         BBB/Stable
Govindam Knit Fab                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
GPC Infrastructure Pvt Ltd             CC                CRISIL        60     Reaffirmed
                                                         BBB/Stable
GPC Infrastructure Pvt Ltd             LT Loan           CRISIL        10     Reaffirmed
                                                         BBB/Stable
GPC Infrastructure Pvt Ltd             Proposed FB Bk    CRISIL        150    Reaffirmed
                                       Limits            BBB/Stable
GPC Infrastructure Pvt Ltd             Proposed LT Bk    CRISIL        140    Assigned
                                       Loan Fac          BBB/Stable
Greatweld Engineering Pvt Ltd          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Guru Nanak Agro Food Product           Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Haritha Fertilisers Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Hayat Hospital Pvt Ltd                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Highway Industries Ltd                 CC*               CRISIL        1157.5 Reaffirmed
                                                         A/Positive
Outlook revised from 'Stable' and rating reaffirmed ; *Interchangeable with exports packing
credit
Highway Industries Ltd                 CC                CRISIL        970    Reaffirmed
                                                         A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Highway Industries Ltd                 Proposed LT Bk    CRISIL        63.1   Reaffirmed
                                       Loan Fac          A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Highway Industries Ltd                 TL                CRISIL        838.6  Reaffirmed
                                                         A/Positive
Outlook revised from 'Stable' and rating reaffirmed
Himachal Wire Industries Pvt Ltd       Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Himgiri Castings Pvt Ltd               CC                CRISIL        35     Reaffirmed
                                                         BBB+/Stable
Himgiri Castings Pvt Ltd               Proposed CC Limit CRISIL        40     Assigned
                                                         BBB+/Stable
Hindustan Everest Tools Ltd            CC                CRISIL D      40     Reaffirmed
Issuer Not Cooperating
Hindustan Everest Tools Ltd            LOC               CRISIL D      15     Reaffirmed
Issuer Not Cooperating
Hindustan Everest Tools Ltd            Packing Credit    CRISIL D      70     Reaffirmed
Issuer Not Cooperating
Hindustan Everest Tools Ltd            TL                CRISIL D      5.9    Reaffirmed
Issuer Not Cooperating
Hitech Civil Engineers Pvt Ltd         LOC & BG          CRISIL A4+    40     Reaffirmed
Hitech Civil Engineers Pvt Ltd         CC/ Overdraft Fac CRISIL        25     Reaffirmed
                                                         BB-/Stable
Hitech Civil Engineers Pvt Ltd         WC Demand Loan    CRISIL        80     Reaffirmed
                                                         BB-/Stable
Hi-Technocrats Pvt Ltd                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Homa Engineering Works                 CC                -             20
Issuer Not Cooperating; Withdrawn
Homa Engineering Works                 Letter Of Guarante-             40
Issuer Not Cooperating; Withdrawn
Homa Engineering Works                 Proposed ST Bk    -             20
                                       Loan Fac
Issuer Not Cooperating; Withdrawn
IIFL Facilities Services Ltd           CP Programme-IPO  CRISIL A1+    100000 Reaffirmed
                                       Financing)
Enhanced from Rs.5000 Crore
IIFL Facilities Services Ltd           CP                CRISIL A1+    30000  Reaffirmed
IIFL Wealth Management Ltd             CP Programme-IPO  CRISIL A1+    25000  Reaffirmed
                                       Financing)
Enhanced from Rs.2000 Crore
IIFL Wealth Management Ltd             CP Programme      CRISIL A1+    5000   Withdrawn
Ila Home Fashions                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Inderjeet Bros. Projects Pvt Ltd       Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
India Infoline Finance Ltd             Proposed LT Bk    CRISIL        20000  Reaffirmed
                                       Loan Fac          AA/Stable
India Infoline Finance Ltd             Subordinated Debt CRISIL        4983.7 Reaffirmed
                                                         AA/Stable
Reduced from Rs.1000 Crore
India Infoline Finance Ltd             NCD               CRISIL        3250   Reaffirmed
                                                         AA/Stable
Reduced from Rs.500 Crore
India Infoline Finance Ltd             NCD*              CRISIL        50000  Reaffirmed
                                                         AA/Stable
*Interchangeable between secured and subordinated debt
India Infoline Finance Ltd             LT Principal      CRISIL PP-MLD 15000  Reaffirmed
                                       Protected Market  AAr/Stable
                                       Linked Debentures
Indiabulls Housing Finance Ltd-        Series A PTCs     CRISIL AA (SO)-
Innovation Trust XXX
Converted from Provisional Rating to Final Rating
Indiabulls Housing Finance Ltd-        Series B PTCs     CRISIL AA (SO)-
Innovation Trust XXX
Converted from Provisional Rating to Final Rating
Indian Optics Pvt Ltd                  Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
INDIC EMS Electronics Pvt Ltd          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Indore Treasure Island Pvt Ltd         TL                CRISIL        1650   Reaffirmed
                                                         A-/Negative
Outlook revised from 'Stable' and rating reaffirmed
IndoStar Capital Finance Ltd           CP Programme      CRISIL A1+    20000  Reaffirmed
Indraprastha Automobiles Pvt Ltd       Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
INFINA Finance Pvt Ltd                 CP Issue*         CRISIL A1+    150000 Assigned
*Assigned for initial public offering/ open offer financing on episodic basis and/or application
on proprietary account
INFINA Finance Pvt Ltd                 CP                CRISIL A1+    12000  Reaffirmed
INFINA Finance Pvt Ltd                 CP Issue*         CRISIL A1+    60000  Withdrawn
*Assigned for initial public offering/ open offer financing on episodic basis and/or application
on proprietary account
Inox Air Products Pvt Ltd              CC*               CRISIL        730
                                                         AA+/Stable
Upgraded from 'CRISIL AA/Positive' ; *Interchangeable with bill discounting and working capital
demand loan
Inox Air Products Pvt Ltd              Proposed LT Bk    CRISIL        2650
                                       Loan Fac          AA+/Stable
Upgraded from 'CRISIL AA/Positive'
Inox Air Products Pvt Ltd              NCD               CRISIL        4600
                                                         AA+/Stable
Upgraded from 'CRISIL AA/Positive'
ITL Industries Ltd                     Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
J. S. Fourwheel Motors Pvt Ltd         CC                CRISIL        170
                                                         BB+/Stable
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/Stable'*
J. S. Fourwheel Motors Pvt Ltd         Proposed LT Bk    CRISIL        312.5
                                       Loan Fac          BB+/Stable
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/Stable'*
Jai Gurudev Ginning And Pressing       Rating Update     --
Industries
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Jai Ravechi Chemicals Pvt Ltd          Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Jammu Auto mart Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Jenam Enterprises Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Jijau MU3 Project Pvt Ltd              LT Loan           CRISIL        565.9  Assigned
                                                         BB+/Positive
JM Financial Asset Management Ltd      ST Rating         CRISIL A4
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
JM Financial Capital Ltd               CP Issue*         CRISIL A1+    12500  Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Capital Ltd               ST Debt (IncludingCRISIL A1+    10000  Reaffirmed
                                       CP)
JM Financial Capital Ltd               NCD               CRISIL        2000   Reaffirmed
                                                         AA/Stable
JM Financial Products Ltd              CC                CRISIL        2000   Reaffirmed
                                                         AA/Stable
JM Financial Products Ltd              LT Bk Fac         CRISIL        2000   Reaffirmed
                                                         AA/Stable
JM Financial Products Ltd              Proposed LT Bk    CRISIL        1000   Reaffirmed
                                       Loan Fac          AA/Stable
JM Financial Products Ltd              NCDs              CRISIL        1674   Reaffirmed
                                                         AA/Stable
JM Financial Products Ltd              NCD               CRISIL        20000  Reaffirmed
                                                         AA/Stable
JM Financial Properties And Holdings LtCP                CRISIL A1+    5000   Assigned
JM Financial Properties And Holdings LtCP Issue*         CRISIL A1+    42500  Assigned
*Assigned for initial public offering/open offer financing on episodic basis
Jubilee Tex                            Bill Discounting  -             50
Issuer Not Cooperating; Withdrawn
Jubilee Tex                            Packing Credit    -             10
Issuer Not Cooperating; Withdrawn
K T Varghese                           Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
K. Dinesh Furnishing Pvt Ltd           Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kailas Ceramics Pvt Ltd                CC                -             25
Issuer Not Cooperating; Withdrawn
Kailas Ceramics Pvt Ltd                Proposed LT Bk    -             75
                                       Loan Fac
Issuer Not Cooperating; Withdrawn
Kanpur Plastipack Ltd                  BG                CRISIL A3+    90
Downgraded from 'CRISIL A2'
Kanpur Plastipack Ltd                  Foreign Bill      CRISIL A3+    450
                                       Exchange
Downgraded from 'CRISIL A2'
Kanpur Plastipack Ltd                  Foreign Exchange  CRISIL A3+    70
                                       Forward
Downgraded from 'CRISIL A2'
Kanpur Plastipack Ltd                  LOC               CRISIL A3+    170
Downgraded from 'CRISIL A2'
Kanpur Plastipack Ltd                  CC                CRISIL        100
                                                         BBB/Stable
Downgraded from 'CRISIL BBB+/Stable'
Kanpur Plastipack Ltd                  Electronic Dealer CRISIL        30
                                       Financing         BBB/Stable
                                       Scheme(e-DFS)
Downgraded from 'CRISIL BBB+/Stable'
Kanpur Plastipack Ltd                  Export Packing    CRISIL        440
                                       Credit            BBB/Stable
Downgraded from 'CRISIL BBB+/Stable'
Kanpur Plastipack Ltd                  LT Loan           CRISIL        709.2
                                                         BBB/Stable
Downgraded from 'CRISIL BBB+/Stable'
Kanpur Plastipack Ltd                  Proposed LT Bk    CRISIL        100.8
                                       Loan Fac          BBB/Stable
Downgraded from 'CRISIL BBB+/Stable'
Kanpur Plastipack Ltd                  Standby Line of   CRISIL        140    Assigned
                                       Credit            BBB/Stable
Downgraded from 'CRISIL BBB+/Stable'
Kaveri Cotton Industries               Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kaveri Jewellers                       Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
KCS Infratech LLP                      Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kej Minerals Pvt Ltd                   Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kernex Microsystems India Ltd          BG                CRISIL D      165    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kernex Microsystems India Ltd          CC                CRISIL D      50     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kernex Microsystems India Ltd          Proposed LT Bk    CRISIL D      175    Reaffirmed
                                       Loan Fac
Issuer Not Cooperating; Rating Migrated
Keros Stone LLP                        Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Keshav Industries Pvt Ltd              Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Ketty Valley Estates Pvt Ltd           TL                -             165
Issuer Not Cooperating; Withdrawn
Khadeeja Cashew Traders                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Khaja Education Society                Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
King Fish Exports                      Packing Credit    CRISIL        90
                                                         B+/Stable
Rating reaffirmed and Withdrawn
King Fish Exports                      Proposed LT Bk    CRISIL        10
                                       Loan Fac          B+/Stable
Rating reaffirmed and Withdrawn
Kishlay Foods Pvt Ltd                  TL                CRISIL        22.5   Assigned
                                                         BB+/Stable
Kishlay Foods Pvt Ltd                  CC                CRISIL        97.5   Assigned
                                                         BB+/Stable
Kishlay Foods Pvt Ltd                  Proposed LT Bk    CRISIL        30     Assigned
                                       Loan Fac          BB+/Stable
Kissan Riceland Pvt Ltd                Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kotak Mahindra Investments Ltd         Proposed LT Bk    CRISIL        4500   Reaffirmed
                                       Loan Fac**        AAA/Stable
***Interchangeable with short term facilities
Kotak Mahindra Investments Ltd         WC Demand Loan    CRISIL        10500  Reaffirmed
                                                         AAA/Stable
Kotak Mahindra Investments Ltd         NCDs              CRISIL        65012  Reaffirmed
                                                         AAA/Stable
Reduced from Rs.7834.3 Crore
Kotak Mahindra Investments Ltd         Subordinated Debt CRISIL        2000   Reaffirmed
                                       Issue             AAA/Stable
Kotak Mahindra Investments Ltd         LT Principal      CRISIL PP-MLD 5000   Reaffirmed 
                                       Protected Market  AAAr/Stable
                                       Linked Debentures 
Kotak Mahindra Prime Ltd               CC & WC demand    CRISIL        55250  Reaffirmed
                                       loan              AAA/Stable
Kotak Mahindra Prime Ltd               LT Loan           CRISIL        250    Reaffirmed
                                                         AAA/Stable
Kotak Mahindra Prime Ltd               Proposed LT Bk    CRISIL        14750  Reaffirmed
                                       Loan Fac^         AAA/Stable
^Interchangeable with short term bank facilities
Kotak Mahindra Prime Ltd               NCDs              CRISIL        148793 Reaffirmed
                                                         AAA/Stable
Reduced from Rs.15774.3 Crore
Kotak Mahindra Prime Ltd               Subordinated Debt CRISIL        6439   Reaffirmed
                                                         AAA/Stable
Kotak Mahindra Prime Ltd               LT Principal      CRISIL PP-MLD 6270   Reaffirmed
                                       Protected Market  AAAr/Stable
                                       Linked Debentures
Kotak Mahindra Prime Ltd               Nifty Linked      CRISIL PP-MLD 3291   Reaffirmed
                                       Debentures        AAAr/Stable
Kothari M Land Developers Pvt Ltd      CC                CRISIL        70
                                                         B+/Stable
Downgraded from 'CRISIL BB-/Stable'
Kranti Cotton and Oil Industries       CC                CRISIL        62.5   Assigned
                                                         BB/Stable
Kranti Cotton and Oil Industries       Proposed LT Bk    CRISIL        7.7    Assigned
                                       Loan Fac          BB/Stable
Krishna Traders                        Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kumar Jewellers                        Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Kumaran Poultry Farm                   Rating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Lakshmi Cotton Traders                 Rating Update     --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Lakshmi Ring Travellers (Coimbatore) LtRating Advisory   --
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review
Lakshmi Ring Travellers (Coimbatore)   Rating Advisory   --
Pvt Ltd
CRISIL is, however, awaiting adequate information from the company which will enable us to carry
out the rating review

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@refinitiv.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below