March 20, 2018 / 9:37 AM / a month ago

CRISIL ratings for Indian debt instruments-Mar 20

    Mar 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 19, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aakar Turnkey A Unit of Iris Associates BG                 CRISIL A4      135     Rating
Pvt Ltd                                                                           Migrated*
(Issuer Not Cooperating)
ABB India Ltd                           LOC & BG           CRISIL A1+     64000   Reaffirmed
ABB India Ltd                           Proposed NFBL^     CRISIL A1+     6000    Reaffirmed
^Limits are unallocated
ABB India Ltd                           CP                 CRISIL A1+     1000    Reaffirmed
Alakh Advertising and Publicity Pvt Ltd BG                 CRISIL A4+     25      Migrated from
                                                                                  CRISIL A3*
(Issuer Not Cooperating)
Alakh Advertising and Publicity Pvt Ltd Overdraft          CRISIL A4+     54.9    Migrated from
                                                                                  CRISIL A3*
(Issuer Not Cooperating)
Avish Aviation Equipment Pvt Ltd        BG                 CRISIL A4+     40      Reaffirmed
Balaji Warehousing Company Pvt Ltd      BG                 CRISIL A4+     50      Reaffirmed
Best Colour Solutions India Pvt Ltd     BG                 CRISIL A4+     50      Withdrawal
(Issuer Not Cooperating)
Bhuvaneswari Sakthi Saw Mill & Timber   LOC                CRISIL A4      55      Reaffirmed
Depot
Broadway Links Pvt Ltd                  BG                 CRISIL A4+     230     Reaffirmed
Cosmos International Ltd                LOC                CRISIL A4+     20      Downgraded
                                                                                  from CRISIL A3
Devashish Infrastructure Pvt Ltd        LOC                CRISIL A4+     70      Withdrawal
(Issuer Not Cooperating)
Devendra Autocom Pvt Ltd                BG                 CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Devendra Autocom Pvt Ltd                LOC                CRISIL A4+     15      Upgraded from
                                                                                  CRISIL A4
Dolphin International Pvt Ltd           Foreign Bill       CRISIL A4+     100     -
                                        Discounting
(Issuer Not Cooperating)
Dolphin International Pvt Ltd           Packing Credit     CRISIL A4+     75      -
(Issuer Not Cooperating)
Dolphin Mart Pvt Ltd                    LOC                CRISIL A4+     15      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Edelweiss Agri Value Chain Ltd          CP Programme*      CRISIL A1+     10000   Reaffirmed
Edelweiss Finance and Investments Ltd   CP Programme&      CRISIL A1+     10000   Reaffirmed
&Earlier STD (Including Commercial Paper)
Edelweiss Finance and Investments Ltd   ST Principal-Pro   CRISIL PP-MLD  715     Reaffirmed
                                        Mkt-Linked Deb     A1+r
Edelweiss Finvest Pvt Ltd               CP Programme^      CRISIL A1+     10000   Reaffirmed
^interchangeable with short term bank facilities
Edelweiss Finvest Pvt Ltd               ST Principal-Pro   CRISIL PP-MLD  5000    Reaffirmed
                                        Mkt-Linked Deb     A1+r
Edelweiss Housing Finance Ltd           CP^                CRISIL A1+     10000   Reaffirmed
^Earlier STD (Including CP)
Edelweiss Retail Finance Ltd            CP Programme^      CRISIL A1+     5000    Reaffirmed
^Earlier STD (Including CP)
Edelweiss Securities Ltd                BG                 CRISIL A1+     4100    Reaffirmed
Edelweiss Securities Ltd                CP^                CRISIL A1+     10000   Reaffirmed
^Earlier STD
Fairdeal Filaments Ltd                  BG                 CRISIL A3      5       Reaffirmed
Fairdeal Filaments Ltd                  LOC                CRISIL A3      10      Reaffirmed
Farukhi Glass Industries                LOC                CRISIL A4+     26      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Hitech Print Systems Ltd                LOC & BG           CRISIL A4      45      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Hydrotech Paryavaran India Pvt Ltd      BG                 CRISIL A4+     60      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
IDMC Ltd                                BG                 CRISIL A1      6742.7  Reaffirmed
IDMC Ltd                                LOC                CRISIL A1      547.3   Reaffirmed
Ind Tob International Pvt Ltd           Standby Line of    CRISIL A4      50      Withdrawal
                                        Credit
(Issuer Not Cooperating)
Indian Infrabuilt Pvt Ltd               BG                 CRISIL A4+     55      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
J. M. Mhatre Infra Pvt Ltd              BG                 CRISIL A4      1675    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
J.P. Logistics                          LOC Bill           CRISIL A4      50      Reaffirmed
                                        Discounting
(Issuer Not Cooperating)
Kailashchandra Dilipkumar Constructions Letter Of GuaranteeCRISIL A4      25      Rating
Pvt Ltd                                                                           reaffirmed
                                                                                  and Withdrawal
Kamakshi Jute Industries Ltd            BG                 CRISIL A4+     5       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)

Kamakshi Jute Industries Ltd            LOC                CRISIL A4+     5       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kapu Gems                               Export Packing     CRISIL A2+     280     Downgraded
                                        Credit                                    from CRISIL A1
Kapu Gems                               Post Shipment      CRISIL A2+     120     Downgraded
                                        Credit                                    from CRISIL A1
Kay Bee Industrial Alloys Pvt Ltd       BG                 CRISIL A4+     2       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kay Bee Industrial Alloys Pvt Ltd       Proposed ST Bk     CRISIL A4+     48      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Kishor Sortex and Rice Mill Pvt Ltd     BG                 CRISIL A4+     130     Reaffirmed
Mahalaxmi Investment and Trading Pvt LtdBG                 CRISIL A4      50      Reaffirmed
Mahalaxmi Investment and Trading Pvt LtdLOC                CRISIL A4      50      Reaffirmed
Mahendra Pumps Pvt Ltd                  BG                 CRISIL A4+     1.8     Reaffirmed
Mahendra Pumps Pvt Ltd                  Inland/Import LOC  CRISIL A4+     2.5     Reaffirmed
Mahendra Pumps Pvt Ltd                  Proposed ST Bk     CRISIL A4+     54.5    Reaffirmed
                                        Loan Fac
Mangalath Cashews                       Bill Discounting   CRISIL A4      15      Withdrawal
(Issuer Not Cooperating)
Mangalath Cashews                       Packing Credit     CRISIL A4      93      Withdrawal
(Issuer Not Cooperating)
Mohite Industries Ltd                   BG                 CRISIL A4+     33.1    Assigned
PRJ Polymers Pvt Ltd                    BG                 CRISIL A4      60      Assigned
R. P. Steel Industries                  LOC                CRISIL A4      100     -
(Issuer Not Cooperating)
Raghav Woollen Mills - Ludhiana         Non-FBL            CRISIL A4      10      Assigned
Rajiv Automobiles Pvt Ltd               Overdraft          CRISIL A4+     20      Assigned
Redren Energy Pvt Ltd                   BG                 CRISIL A4+     2.5     Reaffirmed
S.N.Q.S. Internationals                 Proposed Bill      CRISIL A4+     30      Reaffirmed
                                        Discounting Fac
Sagar Agencies                          BG                 CRISIL A4      30      Withdrawal
(Issuer Not Cooperating)
Satramdas and Co.                       LOC                CRISIL A4      70      Reaffirmed
(Issuer Not Cooperating)
Servotech Power Systems Pvt Ltd         BG                 CRISIL A4      40      -
(Issuer Not Cooperating)
Servotech Power Systems Pvt Ltd         LOC                CRISIL A4      75      -
(Issuer Not Cooperating)
Shriram Power and Steel Pvt Ltd         BG                 CRISIL A4      6       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Silver Sign Pvt Ltd                     Buyer`s Credit     CRISIL A4      50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Silver Sign Pvt Ltd                     Foreign LOC        CRISIL A4      100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
SKL Exports                             BG                 CRISIL A4+     0.5     Assigned
Skyway RMC Plants Pvt Ltd               BG                 CRISIL A3+     110     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Skyway RMC Plants Pvt Ltd               Bill               CRISIL A3+     50      Migrated from
                                        Pur-Discounting Fac                       CRISIL A3
(Issuer Not Cooperating)
Skyway RMC Plants Pvt Ltd               LOC                CRISIL A3+     75      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Smarttrack Solar Systems Pvt Ltd        BG                 CRISIL A4+     20      -
(Issuer Not Cooperating)
Star Wire India Engineering Ltd         BG                 CRISIL A2      45      Upgraded from
                                                                                  CRISIL A3+
Star Wire India Engineering Ltd         Foreign Exchange   CRISIL A2      10      Upgraded from
                                        Forward                                   CRISIL A3+
Star Wire India Engineering Ltd         LOC                CRISIL A2      15      Upgraded from
                                                                                  CRISIL A3+
Star Wire India Ltd                     BG                 CRISIL A1      400     Upgraded from
                                                                                  CRISIL A2+
Star Wire India Ltd                     Foreign Exchange   CRISIL A1      46      Upgraded from
                                        Forward                                   CRISIL A2+
Star Wire India Ltd                     Inland/Import LOC  CRISIL A1      50      Upgraded from
                                                                                  CRISIL A2+
Star Wire India Ltd                     LOC & BG           CRISIL A1      630     Upgraded from
                                                                                  CRISIL A2+
Star Wire India Ltd                     CP                 CRISIL A1      200     Upgraded from
                                                                                  CRISIL A2+
Sun Pharmaceutical Industries Ltd       BG$                CRISIL A1+     260     Reaffirmed
$Fully interchangeable with letter of credit
Sun Pharmaceutical Industries Ltd       LOC#               CRISIL A1+     790     Reaffirmed
#Fully interchangeable with bank guarantee
Sun Pharmaceutical Industries Ltd       4000 CP            CRISIL A1+     40000   Reaffirmed
Super Engineers                         BG                 CRISIL A4+     85      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Super Olefins Pvt Ltd                   LOC                CRISIL A4+     5       Reaffirmed
The Daily Thanthi                       LOC                CRISIL A3      20      CRISIL A3



LONG TERM RATINGS:
-------------------
ABB India Ltd                           Overdraft#         CRISIL AAA     10000   Reaffirmed
#Interchangeable with cash credit/short term loan/working capital demand loan
ABB India Ltd                           Proposed FB Bk     CRISIL AAA     5000    Reaffirmed
                                        Limits^
^Limits are unallocated
ABB India Ltd                           NCD                CRISIL AAA     6000    Reaffirmed
Air Carnival Pvt Ltd                    BG                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B
Air Carnival Pvt Ltd                    Cash TL            CRISIL D       50      Downgraded
                                                                                  from CRISIL B
Air Carnival Pvt Ltd                    Proposed LT Bk     CRISIL D       53      Downgraded
                                        Loan Fac                                  from CRISIL B
Air Carnival Pvt Ltd                    Secured Overdraft  CRISIL D       47      Downgraded
                                        Fac                                       from CRISIL B
Alakh Advertising and Publicity Pvt Ltd Proposed LT Bk     CRISIL BB+     20.1    Migrated from
                                        Loan Fac                                  CRISIL BBB-* 
(Issuer Not Cooperating)
Ardra Associates                        Proposed TL        CRISIL BB-     30      Assigned
Ardra Associates                        TL                 CRISIL BB-     70      Assigned
AS Krishna Associates Pvt Ltd           Proposed CC /      CRISIL BB      45      Assigned
                                        Bills Discounting
                                        Limit
AS Krishna Associates Pvt Ltd           Bill Discounting   CRISIL BB      60      Assigned
AS Krishna Associates Pvt Ltd           CC                 CRISIL BB      195     Assigned
Avish Aviation Equipment Pvt Ltd        CC                 CRISIL BB-     20      Reaffirmed
Avish Aviation Equipment Pvt Ltd        Proposed CC Limit  CRISIL BB-     10      Reaffirmed
Balaji Enterprises (Pondy) Pvt Ltd      CC                 CRISIL BB+     150     Migrated from
                                                                                  CRISIL BBB-* 
(Issuer Not Cooperating)
Balaji Enterprises (Pondy) Pvt Ltd      LT Loan            CRISIL BB+     2.1     Migrated from
                                                                                  CRISIL BBB-* 
(Issuer Not Cooperating)
Balaji Enterprises (Pondy) Pvt Ltd      Proposed LT Bk     CRISIL BB+     2.9     Migrated from
                                        Loan Fac                                  CRISIL BBB-* 
(Issuer Not Cooperating)
Balaji Warehousing Company Pvt Ltd      CC                 CRISIL BB+     97.8    -
Outlook revised from Stable and rating reaffirmed
Balaji Warehousing Company Pvt Ltd      LT Loan            CRISIL BB+     25      -
Outlook revised from Stable and rating reaffirmed
Best Colour Solutions India Pvt Ltd     LT Loan            CRISIL BB      60.3    Withdrawal
(Issuer Not Cooperating)
Best Colour Solutions India Pvt Ltd     Overdraft          CRISIL BB      20      Withdrawal
(Issuer Not Cooperating)
Best Colour Solutions India Pvt Ltd     Proposed LT Bk     CRISIL BB      24.3    Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Best Tanning Industries Pvt Ltd         CC                 CRISIL D       50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Best Tanning Industries Pvt Ltd         LOC                CRISIL D       10      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Best Tanning Industries Pvt Ltd         Packing Credit     CRISIL D       35      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Best Tanning Industries Pvt Ltd         Proposed LT Bk     CRISIL D       5       Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Bhuvaneswari Sakthi Saw Mill & Timber   CC                 CRISIL B       15      Reaffirmed
Depot
Broadway Links Pvt Ltd                  CC                 CRISIL BB+     20      Reaffirmed
Cherish Agro Impex Pvt Ltd              CC                 CRISIL B+      50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Cherish Agro Impex Pvt Ltd              Packing Credit     CRISIL B+      50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Cherish Agro Impex Pvt Ltd              Proposed LT Bk     CRISIL B+      35      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Chetmani Ornaments Pvt Ltd              CC                 CRISIL BB      200     Upgraded from
                                                                                  CRISIL BB-
Chetmani Ornaments Pvt Ltd              Proposed LT Bk     CRISIL BB      50      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Constro Solutions Pvt Ltd               BG                 CRISIL D       15      Downgraded
                                                                                  from CRISIL BB
Constro Solutions Pvt Ltd               CC                 CRISIL D       65      Downgraded
                                                                                  from CRISIL BB
Constro Solutions Pvt Ltd               TL                 CRISIL D       220     Downgraded
                                                                                  from CRISIL BB
Cosmos Infra                            CC                 CRISIL BB      95      Assigned
Cosmos International Ltd                CC                 CRISIL BB      300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Cosmos International Ltd                optionally         CRISIL BB      90      Downgraded
                                        convertible                               from CRISIL
                                        debentureF                                BBB-
Cosmos International Ltd                Proposed LT Bk     CRISIL BB      171     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Devashish Infrastructure Pvt Ltd        Bill Discounting   CRISIL BB      5       Withdrawal
(Issuer Not Cooperating)
Devashish Infrastructure Pvt Ltd        CC                 CRISIL BB      90      Withdrawal
(Issuer Not Cooperating)
Devashish Infrastructure Pvt Ltd        Proposed LT Bk     CRISIL BB      10      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Devendra Autocom Pvt Ltd                CC                 CRISIL BB-     55      Upgraded from
                                                                                  CRISIL B+
Devendra Autocom Pvt Ltd                Proposed LT Bk     CRISIL BB-     1.5     Upgraded from
                                        Loan Fac                                  CRISIL B+
Devendra Autocom Pvt Ltd                TL                 CRISIL BB-     9.9     Upgraded from
                                                                                  CRISIL B+
Dinesh Soaps and Detergents             LOC                CRISIL D       600     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Dinesh Soaps and Detergents             Proposed LT Bk     CRISIL D       150     Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Dolphin Mart Pvt Ltd                    CC                 CRISIL BB-     55      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Edelweiss Agri Value Chain Ltd          LT Bk Fac^         CRISIL AA      6250    Reaffirmed
^interchangeable between letter of credit, buyer's credit and fund based facilities
Edelweiss Agri Value Chain Ltd          Proposed LT Bk     CRISIL AA      3750    Reaffirmed
                                        Loan Fac&
&interchangeable with short term bank facilities
Edelweiss Agri Value Chain Ltd          NCD                CRISIL AA      2000    Reaffirmed
Edelweiss Agri Value Chain Ltd          NCD                CRISIL AA      5000    Reaffirmed
Edelweiss Agri Value Chain Ltd          NCD                CRISIL AA      3000    Reaffirmed
Edelweiss Finance and Investments Ltd   Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac^
^Interchangeable between short term and long term
Edelweiss Finance and Investments Ltd   NCD                CRISIL AA      5100    Reaffirmed
Edelweiss Finance and Investments Ltd   Preference Share   CRISIL AA      1050    Reaffirmed
                                        Issue
Edelweiss Finvest Pvt Ltd               LT Bk Fac          CRISIL AA      500     Reaffirmed
Edelweiss Finvest Pvt Ltd               Proposed LT Bk     CRISIL AA      4500    Reaffirmed
                                        Loan Fac^
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      5000    Reaffirmed
Edelweiss Finvest Pvt Ltd               NCD                CRISIL AA      2000    Reaffirmed
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  7500    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  3000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Finvest Pvt Ltd               LT Principal       CRISIL PP-MLD  3500    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Edelweiss Housing Finance Ltd           LT Bk Fac**        CRISIL AA      7150    Reaffirmed
Edelweiss Housing Finance Ltd           Overdraft          CRISIL AA      1200    Reaffirmed
Edelweiss Housing Finance Ltd           Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
**Interchangeable between short term and long term
Edelweiss Housing Finance Ltd           NCD                CRISIL AA      10000   Reaffirmed
Edelweiss Housing Finance Ltd           Subordinated Debt  CRISIL AA      2000    Reaffirmed
Edelweiss Retail Finance Ltd            Proposed LT Bk     CRISIL AA      5000    Reaffirmed
                                        Loan Fac**
**Interchangeable between short term and long term
Edelweiss Retail Finance Ltd            NCD*               CRISIL AA      5000    Reaffirmed
*public issue of retail NCDs
Edelweiss Retail Finance Ltd            NCD                CRISIL AA      5000    Reaffirmed
Edelweiss Retail Finance Ltd            Subordinated Debt  CRISIL AA      2000    Reaffirmed
Edelweiss Retail Finance Ltd            Subordinated Debt  CRISIL AA      1000    Reaffirmed
Edelweiss Securities Ltd                Overdraft*         CRISIL AA      8700    Reaffirmed
*Interchangeable with short term bank facilities
ESS Ell Cables Company                  CC                 CRISIL B       120     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Ethnic Agros Ltd                        CC                 CRISIL B       620     Withdrawal
(Issuer Not Cooperating)
Ethnic Agros Ltd                        Standby Line of    CRISIL B       50      Withdrawal
                                        Credit
(Issuer Not Cooperating)
Ethnic Agros Ltd                        TL                 CRISIL B       25.4    Withdrawal
(Issuer Not Cooperating)
Ethnic Spices Pvt Ltd                   CC                 CRISIL B       350     Withdrawal
(Issuer Not Cooperating)
Ethnic Spices Pvt Ltd                   Proposed LT Bk     CRISIL B       368.2   Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Ethnic Spices Pvt Ltd                   Standby LOC        CRISIL B       50      Withdrawal
(Issuer Not Cooperating)
Ethnic Tobacco India Ltd                Export Packing     CRISIL B       500     Withdrawal
                                        Credit
(Issuer Not Cooperating)
Ethnic Tobacco India Ltd                Export Packing     CRISIL B       600     Withdrawal
                                        Credit
(Issuer Not Cooperating)
Ethnic Tobacco India Ltd                Proposed LT Bk     CRISIL B       45      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Ethnic Tobacco India Ltd                Rupee TL           CRISIL B       708.3   Withdrawal
(Issuer Not Cooperating)
Ethnic Tobacco India Ltd                Standby Line of    CRISIL B       120     Withdrawal
                                        Credit
(Issuer Not Cooperating)
Fairdeal Filaments Ltd                  CC                 CRISIL BBB-    250     Reaffirmed
Fairdeal Filaments Ltd                  TL                 CRISIL BBB-    152.7   Reaffirmed
Farukhi Glass Industries                CC                 CRISIL BB-     68      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Farukhi Glass Industries                TL                 CRISIL BB-     6       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Ganpati Steels                          CC                 CRISIL B       40      Reaffirmed
Ganpati Steels                          TL                 CRISIL B       20      Reaffirmed
Hitech Print Systems Ltd                CC                 CRISIL B       100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Hitech Print Systems Ltd                Proposed FB Bk     CRISIL B       38      Rating
                                        Limits                                    Migrated*
(Issuer Not Cooperating)
Hitech Print Systems Ltd                TL                 CRISIL B       27      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Hydrotech Paryavaran India Pvt Ltd      CC                 CRISIL BB-     40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
IDMC Ltd                                Proposed LT Bk     CRISIL A+      400     Reaffirmed
                                        Loan Fac
Ind Tob International Pvt Ltd           CC                 CRISIL B       380     Withdrawal
(Issuer Not Cooperating)
Ind Tob International Pvt Ltd           Proposed LT Bk     CRISIL B       50      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Ind Tob International Pvt Ltd           TL                 CRISIL B       260.2   Withdrawal
(Issuer Not Cooperating)
Indian Infrabuilt Pvt Ltd               Overdraft          CRISIL BB      85      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Institute of Management Studies Society Proposed LT Bk     CRISIL A-      250     Reaffirmed
                                        Loan Fac
Institute of Public Enterprise          Corporate Loan     CRISIL BBB-    540     -
Outlook revised from Negative and rating reaffirmed
Institute of Public Enterprise          Proposed LT Bk     CRISIL BBB-    220     -
                                        Loan Fac
Outlook revised from Negative and rating reaffirmed
J. M. Mhatre Infra Pvt Ltd              CC                 CRISIL B+      700     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
J. M. Mhatre Infra Pvt Ltd              Proposed LT Bk     CRISIL B+      75      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
J. M. Mhatre Infra Pvt Ltd              Standby FB Limits  CRISIL B+      50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
J.P. Logistics                          CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Jaipur Golden Transport Co Pvt Ltd      CC                 CRISIL BBB     300     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Kailashchandra Dilipkumar Constructions CC/ Overdraft Fac  CRISIL BB-     7.5     Rating
Pvt Ltd                                                                           reaffirmed
                                                                                  and Withdrawal
Kailashchandra Dilipkumar Constructions Proposed LT Bk     CRISIL BB-     52.5    Rating
Pvt Ltd                                 Loan Fac                                  reaffirmed
                                                                                  and Withdrawal
Kamakshi Jute Industries Ltd            CC                 CRISIL BB+     55      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kamakshi Jute Industries Ltd            Loan Against       CRISIL BB+     45      Rating
                                        Property                                  Migrated*
(Issuer Not Cooperating)
Kamakshi Jute Industries Ltd            LT Loan            CRISIL BB+     40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kapu Gems                               Export Packing     CRISIL A-      1850    Downgraded
                                        Credit                                    from CRISIL A
Kapu Gems                               Post Shipment      CRISIL A-      750     Downgraded
                                        Credit                                    from CRISIL A
Kay Bee Industrial Alloys Pvt Ltd       Packing Credit     CRISIL BB+     49      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kishor Sortex and Rice Mill Pvt Ltd     CC                 CRISIL BB-     60      Reaffirmed
Kollappallil Hypermarket Pvt Ltd        Proposed LT Bk     CRISIL B+      200     Assigned
                                        Loan Fac
KSR Cotton Agencies                     CC                 CRISIL B+      49      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
KSR Cotton Agencies                     Proposed LT Bk     CRISIL B+      51      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Lizzart Granito LLP                     Proposed BG        CRISIL B+      32      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Lizzart Granito LLP                     Proposed CC Limit  CRISIL B+      70      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Lizzart Granito LLP                     Proposed LT Bk     CRISIL B+      1.6     Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Lizzart Granito LLP                     Proposed TL        CRISIL B+      176.4   Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Maa Ganga Bhagat Gopal Maya Educational Proposed LT Bk     CRISIL B       35      -
Trust                                   Loan Fac
(Issuer Not Cooperating)
Maa Ganga Bhagat Gopal Maya Educational TL                 CRISIL B       75      -
Trust
(Issuer Not Cooperating)
Mahalaxmi Investment and Trading Pvt LtdCC                 CRISIL B+      100     Reaffirmed
Mahalaxmi Investment and Trading Pvt LtdCC/ Overdraft Fac  CRISIL B+      36.4    Reaffirmed
Mahalaxmi Investment and Trading Pvt LtdProposed LT Bk     CRISIL B+      23.6    Reaffirmed
                                        Loan Fac
Mahendra Pumps Pvt Ltd                  Buyer`s Credit     CRISIL BB-     2.5     Reaffirmed
Mahendra Pumps Pvt Ltd                  CC                 CRISIL BB-     405     Reaffirmed
Mahendra Pumps Pvt Ltd                  LT Loan            CRISIL BB-     14.7    Reaffirmed
Mangalath Cashews                       CC                 CRISIL B       15      Withdrawal
(Issuer Not Cooperating)
Mithra Cotton Enterprises               CC                 CRISIL B+      49      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Mithra Cotton Enterprises               Proposed CC Limit  CRISIL B+      51      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Mohite Industries Ltd                   CC                 CRISIL BB      310     Assigned
Moyalan Agro Pipes                      LT Bk Fac          CRISIL B+      10      Reaffirmed
Moyalan Agro Pipes                      Overdraft          CRISIL B+      70      Reaffirmed
Nachiketa Papers Ltd                    CC                 CRISIL BBB-    80      Assigned
Nachiketa Papers Ltd                    LT Loan            CRISIL BBB-    50      Assigned
Navkar Global Infra                     CC                 CRISIL BB      100     Assigned
Navkar Traders                          CC                 CRISIL BB      97.5    Assigned
Navkar Traders                          Proposed FB Bk     CRISIL BB      62.5    Assigned
                                        Limits
Nellukkaran Foods And Feeds Pvt Ltd     CC                 CRISIL D       27.5    Downgraded
                                                                                  from CRISIL B+
Nellukkaran Foods And Feeds Pvt Ltd     TL                 CRISIL D       65      Downgraded
                                                                                  from CRISIL B+
Panvelkar Twin Towers                   Project Loan       CRISIL BB      50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Prabhat Industries                      CC                 CRISIL BB-     120     Reaffirmed
Prabhat Industries                      Proposed LT Bk     CRISIL BB-     40      Reaffirmed
                                        Loan Fac
PRJ Polymers Pvt Ltd                    CC                 CRISIL B       80.7    Assigned
Proarch IT Solutions Pvt Ltd            Proposed LT Bk     CRISIL BB      150     Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
R. P. Steel Industries                  CC                 CRISIL B       70      -
(Issuer Not Cooperating)
Raghav Woollen Mills - Ludhiana         Proposed WC Fac    CRISIL B+      5       Assigned
Raghav Woollen Mills - Ludhiana         CC                 CRISIL B+      45      Assigned
Rajiv Automobiles Pvt Ltd               TL                 CRISIL BB      10.5    Assigned
Rajiv Automobiles Pvt Ltd               Standby LOC        CRISIL BB      15      Assigned
Rajiv Automobiles Pvt Ltd               CC                 CRISIL BB      79.5    Assigned
Rajiv Automobiles Pvt Ltd               CC-Stock           CRISIL BB      15      Assigned
Redren Energy Pvt Ltd                   CC                 CRISIL BB-     60      Reaffirmed
Redren Energy Pvt Ltd                   TL                 CRISIL BB-     20.5    Reaffirmed
S.N.Q.S. Internationals                 Proposed WC Fac    CRISIL BB-     200     Reaffirmed
S.V.Educational Society - Anantapur     Proposed LT Bk     CRISIL BB      142.5   Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
S.V.Educational Society - Anantapur     TL                 CRISIL BB      107.5   Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Sachdev Steel Works Pvt Ltd (Union      CC                 CRISIL D       64      Downgraded
Enterprises)                                                                      from CRISIL C
Sachdev Steel Works Pvt Ltd (Union      Proposed LT Bk     CRISIL D       21      Downgraded
Enterprises)                            Loan Fac                                  from CRISIL C
Sachdev Steel Works Pvt Ltd (Union      TL                 CRISIL D       42.5    Downgraded
Enterprises)                                                                      from CRISIL C
Sachdev Steel Works Pvt Ltd (Union      WC TL              CRISIL D       22.5    Downgraded
Enterprises)                                                                      from CRISIL C
Sagar Agencies                          CC                 CRISIL B-      40      Withdrawal
(Issuer Not Cooperating)
Sagar Agencies                          Proposed LT Bk     CRISIL B-      23      Withdrawal
                                        Loan Fac
(Issuer Not Cooperating)
Sagar Agencies                          TL                 CRISIL B-      12      Withdrawal
(Issuer Not Cooperating)
Satramdas and Co.                       WC TL              CRISIL C       100     Reaffirmed
(Issuer Not Cooperating)
Savitri Steels and Rerollings Pvt Ltd   CC                 CRISIL B+      180     -
(Issuer Not Cooperating)
Savitri Steels and Rerollings Pvt Ltd   LT Loan            CRISIL B+      120     -
(Issuer Not Cooperating)
School of Management Sciences           LT Loan            CRISIL BBB     11.5    Reaffirmed
School of Management Sciences           Overdraft          CRISIL BBB     100     Reaffirmed
School of Management Sciences           Proposed LT Bk     CRISIL BBB     27.2    Reaffirmed
                                        Loan Fac
Servotech Power Systems Pvt Ltd         CC                 CRISIL B+      62.6    -
(Issuer Not Cooperating)
Servotech Power Systems Pvt Ltd         Loan Against       CRISIL B+      22.4    -
                                        Property
(Issuer Not Cooperating)
Shri Sourab Sagar Trading Co. Pvt Ltd   Proposed CC Limit  CRISIL BB      26      Assigned
Shri Sourab Sagar Trading Co. Pvt Ltd   Bill Discounting   CRISIL BB      45      Assigned
Shri Sourab Sagar Trading Co. Pvt Ltd   CC                 CRISIL BB      49      Assigned
Shri Vishnu Eatables India Ltd          CC                 CRISIL D       800     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Eatables India Ltd          Export Packing     CRISIL D       200     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Eatables India Ltd          Foreign Bill       CRISIL D       300     Downgraded
                                        Purchase                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Eatables India Ltd          Packing Credit in  CRISIL D       1000    Downgraded
                                        Foreign Currency                          from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Overseas Pvt Ltd            CC                 CRISIL D       550     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Overseas Pvt Ltd            Export Packing     CRISIL D       200     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Overseas Pvt Ltd            Foreign Bill       CRISIL D       200     Downgraded
                                        Purchase                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shri Vishnu Overseas Pvt Ltd            Packing Credit     CRISIL D       300     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Shriram Power and Steel Pvt Ltd         CC                 CRISIL B-      180     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shyam Steels Pvt Ltd                    CC                 CRISIL D       38      Withdrawal
(Issuer Not Cooperating)
Shyam Steels Pvt Ltd                    LOC                CRISIL D       34.5    Withdrawal
(Issuer Not Cooperating)
Shyam Steels Pvt Ltd                    TL                 CRISIL D       20      Withdrawal
(Issuer Not Cooperating)
Siddhi Vinayak Cotton Industries        CC                 CRISIL B+      55      Reaffirmed
(Bhavnagar)
(Issuer Not Cooperating)
Siddhi Vinayak Cotton Industries        Proposed LT Bk     CRISIL B+      1.8     Reaffirmed
(Bhavnagar)                             Loan Fac
(Issuer Not Cooperating)
Silver Sign Pvt Ltd                     Overdraft          CRISIL B       20      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Silver Sign Pvt Ltd                     Proposed LT Bk     CRISIL B       30      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Silver Springs Pleasure Resorts Pvt Ltd CC                 CRISIL BB      180.9   Withdrawal
(Issuer Not Cooperating)
Silver Springs Pleasure Resorts Pvt Ltd Overdraft          CRISIL BB      60      Withdrawal
(Issuer Not Cooperating)
Sim Agro Chain                          CC                 CRISIL B       35      -
(Issuer Not Cooperating)
Sim Agro Chain                          Proposed LT Bk     CRISIL B       5       -
                                        Loan Fac
(Issuer Not Cooperating)
Sim Agro Chain                          TL                 CRISIL B       125     -
(Issuer Not Cooperating)
SKL Exports                             Proposed LT Bk     CRISIL BB+     30      Assigned
                                        Loan Fac
SKL Exports                             LT Loan            CRISIL BB+     12.8    Assigned
SKL Exports                             Export Packing     CRISIL BB+     150     Assigned
                                        Credit
SKL Exports                             Bill Discounting   CRISIL BB+     50      Assigned
Skyway RMC Plants Pvt Ltd               CC                 CRISIL BBB     1040    Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Skyway RMC Plants Pvt Ltd               Drop Line          CRISIL BBB     75      Migrated from
                                        Overdraft Fac                             CRISIL BBB-
(Issuer Not Cooperating)
Smarttrack Solar Systems Pvt Ltd        CC                 CRISIL BB+     80      -
(Issuer Not Cooperating)
Smarttrack Solar Systems Pvt Ltd        Proposed CC Limit  CRISIL BB+     10      -
(Issuer Not Cooperating)
Spicy Hub                               TL                 CRISIL B+      57.5    Assigned
Spicy Hub                               CC                 CRISIL B+      1.8     Assigned
Spicy Hub                               Proposed LT Bk     CRISIL B+      0.7     Assigned
                                        Loan Fac
SPR Construction Pvt Ltd                NCD                CRISIL BB-     1300    Withdrawal
Sri Vyjayanthi Labs Pvt Ltd             CC                 CRISIL D       20      -
(Issuer Not Cooperating)
Sri Vyjayanthi Labs Pvt Ltd             Foreign LOC        CRISIL D       10      -
(Issuer Not Cooperating)
Sri Vyjayanthi Labs Pvt Ltd             LT Loan            CRISIL D       10      -
(Issuer Not Cooperating)
Sri Vyjayanthi Labs Pvt Ltd             Proposed LT Bk     CRISIL D       40      -
                                        Loan Fac
(Issuer Not Cooperating)
Star Wire India Engineering Ltd         CC                 CRISIL BBB+    25      Upgraded from
                                                                                  CRISIL BBB
Star Wire India Engineering Ltd         Proposed LT Bk     CRISIL BBB+    28.7    Upgraded from
                                        Loan Fac                                  CRISIL BBB
Star Wire India Engineering Ltd         Standby Line of    CRISIL BBB+    10      Upgraded from
                                        Credit                                    CRISIL BBB
Star Wire India Engineering Ltd         TL                 CRISIL BBB+    176.3   Upgraded from
                                                                                  CRISIL BBB
Star Wire India Ltd                     CC                 CRISIL A       1700    Upgraded from
                                                                                  CRISIL A-
Star Wire India Ltd                     LT Loan            CRISIL A       1124    Upgraded from
                                                                                  CRISIL A-
Star Wire India Ltd                     Standby Line of    CRISIL A       50      Upgraded from
                                        Credit                                    CRISIL A-
Sun Pharmaceutical Industries Ltd       CC^@               CRISIL AAA     710     Reaffirmed
@All facilities are interchangeable with non-fund based limits,^Fully interchangeable with
working capital demand loan

Super Engineers                         CC                 CRISIL BB      37.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Super Engineers                         Proposed LT Bk     CRISIL BB      17.5    Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Super Olefins Pvt Ltd                   Bill Discounting   CRISIL BB      50      Reaffirmed
Super Olefins Pvt Ltd                   CC                 CRISIL BB      90      Reaffirmed
Super Olefins Pvt Ltd                   LT Loan            CRISIL BB      5       Reaffirmed
Swagat Abharan Pvt Ltd                  CC                 CRISIL BB-     130     Migrated
                                                                                  from  CRISIL
                                                                                  B+
(Issuer Not Cooperating)
Swati Electrotech Pvt Ltd               Proposed BG        CRISIL B+      350     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Swati Electrotech Pvt Ltd               Proposed CC Limit  CRISIL B+      200     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Tara investments Ltd                    LT Loan            CRISIL BB+     80      Upgraded from
                                                                                  CRISIL BB
The Daily Thanthi                       CC                 CRISIL BBB-    550     CRISIL BBB-
The Daily Thanthi                       Proposed LT Bk     CRISIL BBB-    219.4   CRISIL BBB-
                                        Loan Fac
The Daily Thanthi                       TL                 CRISIL BBB-    1156.1  CRISIL BBB-
Tri Solar Pvt Ltd                       CC                 CRISIL BB-     4       Migrated
                                                                                  from  CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Tri Solar Pvt Ltd                       Proposed LT Bk     CRISIL BB-     2.5     Migrated
                                        Loan Fac                                  from  CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Tri Solar Pvt Ltd                       LT Loan            CRISIL BB-     263.5   Migrated
                                                                                  from  CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Usha Spinners                           CC                 CRISIL B+      120     -
(Issuer Not Cooperating)
Vansh Education Charitable Trust        TL                 CRISIL BB+     158     Mgrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)

--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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