March 27, 2018 / 9:01 AM / a month ago

CRISIL ratings for Indian debt instruments-Mar 27

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


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Chetan Industries Ltd                   Packing Credit in  CRISIL A3      50      Reassigned
                                        Foreign Currency
Coalsale Co. Ltd                        BG                 CRISIL A4+     5       Reaffirmed
Coalsale Co. Ltd                        LOC                CRISIL A4+     50      Reaffirmed
Coalsale Co. Ltd                        Overdraft          CRISIL A4+     7.5     Reaffirmed
Creamline Dairy Products Ltd            ST Unsecured Loan  CRISIL A1+     500     Upgraded from
                                                                                  CRISIL A1
Cybercity Builders and Developers Pvt   BG                 CRISIL A4      18      Migrated from
Ltd                                                                               CRISIL A4 
Issuer Not Cooperating
E.I.D. Parry India Ltd                  BG^                CRISIL A1+     3110    Reaffirmed
^Interchangeable with letter of credit and fund based working capital limits.
E.I.D. Parry India Ltd                  LOC*               CRISIL A1+     500     Reaffirmed
*Interchangeable with bank guarantee and fund based working capital limits.
E.I.D. Parry India Ltd                  Proposed BG        CRISIL A1+     2776    Reaffirmed
E.I.D. Parry India Ltd                  CP                 CRISIL A1+     9500    Reaffirmed
Eastern Power Distribution Company of   LOC                CRISIL A4+     1000    Reaffirmed
Andhra Pradesh Ltd
Emco Pressmaster Pvt Ltd                BG                 CRISIL A4      20      Reaffirmed
Emco Pressmaster Pvt Ltd                LOC                CRISIL A4      10      Reaffirmed
E-Meditek Insurance TPA Ltd             BG                 CRISIL A4+     80      Downgraded@
                                                                                  from CRISIL A3
Essel Kitchenware Ltd                   BG                 CRISIL A4+     7.5     Reaffirmed
Essel Kitchenware Ltd                   LOC & BG           CRISIL A4+     130     reaffirmed
Essel Thermoware Pvt Ltd                BG                 CRISIL A4+     22      Reaffirmed
Essel Thermoware Pvt Ltd                Proposed ST Bk     CRISIL A4+     12.6    Reaffirmed
                                        Loan Fac
Horizon Polymer Engineering Pvt Ltd     BG                 CRISIL A4+     25      Assigned
Indu Corporation Pvt Ltd                LOC                CRISIL A3+     800     Reaffirmed
J T L Infra Ltd                         Packing Credit in  CRISIL A3      150     Reaffirmed
                                        Foreign Currency
Jugal Kishore Mahanta                   BG                 CRISIL A3      470     Reaffirmed
Jugal Kishore Mahanta                   Proposed ST Bk     CRISIL A3      20      Reaffirmed
                                        Loan Fac
K. G. Gupta Infrastructure Pvt Ltd      BG                 CRISIL A4+     110     Reaffirmed
K.T. Mathew & Co.                       BG                 CRISIL A4      40      Withdrawal
Issuer Not Cooperating
Kabra Commercial Ltd                    LOC                CRISIL A4+     117.5   Reaffirmed
Kabra Commercial Ltd                    Proposed ST Bk     CRISIL A4+     74      Reaffirmed
                                        Loan Fac
Kalpataru Power Transmission Ltd        LOC & BG           CRISIL A1+     73600   Reaffirmed
Kalpataru Power Transmission Ltd        Proposed LOC & BG  CRISIL A1+     11400   Reaffirmed
Kalpataru Power Transmission Ltd        CP*                CRISIL A1+     2500    Reaffirmed
*Earlier short-term debt (including CP)
Kimplas Piping Systems Ltd              Bill Discounting   CRISIL A3      90      Reaffirmed
                                        under LOC
Kimplas Piping Systems Ltd              Inland/Import LOC  CRISIL A3      180     Reaffirmed
Kimplas Piping Systems Ltd              Post Shipment      CRISIL A3      60      Reaffirmed
                                        Credit
Kotsons Pvt Ltd                         BG                 CRISIL A4      200     Reaffirmed
Kotsons Pvt Ltd                         LOC                CRISIL A4      410     Reaffirmed
Leben Laboratories Pvt Ltd              LOC                CRISIL A3      20      Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Mahabir And Sons                        Proposed ST Bk     CRISIL A4      50      Assigned
                                        Loan Fac
Model Tanners India Pvt Ltd             LOC                CRISIL A3      100     Reaffirmed
Model Tanners India Pvt Ltd             Packing Credit     CRISIL A3      600     Reaffirmed
NTPC Ltd                                BG                 CRISIL A1+     18650   Reaffirmed
NTPC Ltd                                LOC                CRISIL A1+     27250   Reaffirmed
NTPC Ltd                                Proposed BG        CRISIL A1+     1350    Reaffirmed
NTPC Ltd                                Proposed LOC       CRISIL A1+     2750    Reaffirmed
NTPC Ltd                                CP                 CRISIL A1+     80000   Reaffirmed
Olivia Impex Pvt Ltd                    BG                 CRISIL A3+     5       Reaffirmed
Olivia Impex Pvt Ltd                    LOC                CRISIL A3+     580     Reaffirmed
Olivia Impex Pvt Ltd                    Standby LOC        CRISIL A3+     300     Reaffirmed
Ozon Vitrified Pvt Ltd                  BG                 CRISIL A4      28      Migrated
Issuer Not Cooperating
Pandrol Rahee Technologies Pvt Ltd      BG                 CRISIL A4+     240     Reaffirmed
Parry Sugars Refinery India Pvt Ltd     Proposed ST Bk     CRISIL A1      150     Reaffirmed
                                        Loan Fac
Parry Sugars Refinery India Pvt Ltd     CP                 CRISIL A1      1500    reaffirmed
Prathmesh Construction                  BG                 CRISIL A4+     130     Reaffirmed
Privi Life Sciences Pvt Ltd             Proposed NFBL      CRISIL A4+     5       Reassigned
Rajaram Bishnoi Contractor              BG                 CRISIL A4+     20      Assigned
Rakshit Pharmaceuticals Ltd             Inland/Import LOC  CRISIL A4+     60      Reaffirmed
Rashtriya Chemicals and Fertilizers Ltd Buyer`s Credit^    CRISIL A1+     7500    Reaffirmed
^ Fully interchangeable with Short Term Loan and Working Capital Demand Loan
Rashtriya Chemicals and Fertilizers Ltd LOC & BG*          CRISIL A1+     24000   Reaffirmed
* Rs 500 Crore is interchangeable with Buyers Credit and SBLC 
Rashtriya Chemicals and Fertilizers Ltd CP                 CRISIL A1+     5000    Withdrawal
Roha Dyechem Pvt Ltd                    LOC & BG           CRISIL A2+     450     Reaffirmed
Safechem Industries                     LOC                CRISIL A3+     30      Reaffirmed
Sam India Builtwell Pvt Ltd.            BG                 CRISIL A2      2500    Reaffirmed
Shantinath Detergents Pvt Ltd           LOC                CRISIL A3+     145     Reaffirmed
Siechem Technologies Pvt Ltd            BG                 CRISIL A2      240     Reaffirmed
Siechem Technologies Pvt Ltd            LOC                CRISIL A2      30      Reaffirmed
Siechem Technologies Pvt Ltd            Proposed Buyer     CRISIL A2      300     Reaffirmed
                                        Credit Limit
Siechem Technologies Pvt Ltd            Vendor Financing   CRISIL A2      150     Reaffirmed
SKD Rice Industries Pvt Ltd             BG                 CRISIL A4      15      Reaffirmed
Sree Rengaraj Ispat Industries Pvt Ltd  Bill Discounting   CRISIL A4+     78.1    Reaffirmed
                                                                                  and Withdrawal
Sree Rengaraj Ispat Industries Pvt Ltd  LOC                CRISIL A4+     500     Reaffirmed
                                                                                  and Withdrawal
SS Aluminium Pvt Ltd                    BG                 CRISIL A4      5       assigned
Summits Hygronics Pvt Ltd               LOC & BG           CRISIL A4+     35      Assigned
Sunrise Integrated Facility Pvt Ltd     BG                 CRISIL A4      5       Withdrawal
Issuer Not Cooperating
TeamLease Services Ltd                  CP                 CRISIL A2+     250     Reaffirmed
Tecon Tiles Pvt Ltd                     BG                 CRISIL A4+     13      Migrated
Issuer Not Cooperating
Thirumalai Chemicals Ltd                Non-FBL            CRISIL A1      1382
Tojo Vikas International Pvt Ltd        LOC & BG           CRISIL A3      160     Reaffirmed
Veevee Controls Pvt Ltd                 BG                 CRISIL A3+     70      Reaffirmed
Webson Hosiery Factory                  BG                 CRISIL A4+     1       Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Webson Hosiery Factory                  LOC                CRISIL A4+     5       Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Yamai Fashions Pvt Ltd                  Packing Credit     CRISIL A2      190     Reaffirmed
Zuri Hotels and Resorts Pvt Ltd         Overdraft          CRISIL A4      20      Withdrawal
Issuer Not Cooperating
    
MEDIUM TERM RATINGS:
-------------------
NTPC Ltd                                FD                 FAAA           -       Reaffirmed
LONG TERM RATINGS:
-------------------
Ajinkya Big Bazar                       CC                 CRISIL D       45      Reaffirmed
Ajinkya Big Bazar                       Proposed BG        CRISIL D       3.2     Reaffirmed
Ajinkya Big Bazar                       Proposed CC Limit  CRISIL D       10      Reaffirmed
Ajinkya Big Bazar                       Rupee TL           CRISIL D       6.8     Reaffirmed
Ajinkya Big Bazar                       WC Demand Loan     CRISIL D       25      Reaffirmed
Al Sumama Agro Foods Pvt Ltd            CC/ Overdraft Fac  CRISIL BB+     50      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Al Sumama Agro Foods Pvt Ltd            Proposed LT Bk     CRISIL BB+     40      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-
Artifacts India                         Export Packing     CRISIL BB-     80      Migrated
                                        Credit
Issuer Not Cooperating
Artifacts India                         LT Loan            CRISIL BB-     30      Migrated
Issuer Not Cooperating
Arun Mathew                             CC                 CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
Arun Mathew                             LT Loan            CRISIL B-      10      Downgraded
                                                                                  from CRISIL B
Attappadi Nurseries Pvt Ltd             LT Loan            CRISIL D       7.5     Withdrawal
Issuer Not Cooperating
Attappadi Nurseries Pvt Ltd             Overdraft          CRISIL D       25      Withdrawal
Issuer Not Cooperating
Balaji Pack and Pack Pvt Ltd            TL                 CRISIL B       54.5    Assigned
Balaji Pack and Pack Pvt Ltd            CC                 CRISIL B       16.5    Assigned
Balaji Pack and Pack Pvt Ltd            Proposed LT Bk     CRISIL B       29      Assigned
                                        Loan Fac
Br. Sheshrao Wankhede Shetkari Sahakari Rupee TL           CRISIL B+      50      Withdrawal
Soot Girni Ltd
Issuer Not Cooperating
Chetan Industries Ltd                   CC                 CRISIL BBB-    100     Reaffirmed
Chitiz Dairy and Agro Foods Pvt Ltd     CC                 CRISIL B       5       Reaffirmed
Chitiz Dairy and Agro Foods Pvt Ltd     TL                 CRISIL B       75      Reaffirmed
Coalsale Co. Ltd                        Proposed LT Bk     CRISIL BB      62.5    Reaffirmed
                                        Loan Fac
Creamline Dairy Products Ltd            CC/ Overdraft Fac  CRISIL AA-     140     Upgraded from
                                                                                  CRISIL A+
Creamline Dairy Products Ltd            LT Loan            CRISIL AA-     250.4   Upgraded from
                                                                                  CRISIL A+
Creamline Dairy Products Ltd            Proposed LT Bk     CRISIL AA-     259.6   Upgraded from
                                        Loan Fac                                  CRISIL A+
Cybercity Builders and Developers Pvt   LT Loan            CRISIL B       881     Migrated from
Ltd                                                                               CRISIL B
Issuer Not Cooperating
Cybercity Builders and Developers Pvt   NCD                CRISIL BB-     1900    Migrated from
Ltd                                                                               CRISIL B
Issuer Not Cooperating
Disha Auto Components Pvt Ltd           CC                 CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating
Disha Auto Components Pvt Ltd           Proposed TL        CRISIL BB-     15      Reaffirmed
Issuer Not Cooperating
Disha Auto Components Pvt Ltd           TL                 CRISIL BB-     15      Reaffirmed
Issuer Not Cooperating
E.I.D. Parry India Ltd                  CC#                CRISIL AA-     4510    Reaffirmed
# 50% interchangeable to non-fund based working capital limits. 
E.I.D. Parry India Ltd                  LT Loan            CRISIL AA-     5050    Reaffirmed
E.I.D. Parry India Ltd                  Proposed LT Bk     CRISIL AA-     3606    Reaffirmed
                                        Loan Fac
E.I.D. Parry India Ltd                  NCD                CRISIL AA-     1000    Assigned
E.I.D. Parry India Ltd                  NCD                CRISIL AA-     1000    Reaffirmed
East India Steel Company                CC                 CRISIL BB      40      Assigned
East India Steel Company                Proposed CC Limit  CRISIL BB      40      Assigned
Eastern Power Distribution Company of   CC                 CRISIL BB+     330     Reaffirmed
Andhra Pradesh Ltd
Eastern Power Distribution Company of   Rupee TL           CRISIL BB+     3701.8  Reaffirmed
Andhra Pradesh Ltd
Emco Pressmaster Pvt Ltd                CC                 CRISIL B-      50      Downgraded
                                                                                  from CRISIL B
E-Meditek Insurance TPA Ltd             CC                 CRISIL BB      150     Downgraded
                                                                                  from CRISIL
                                                                                  BBB-@
E-Meditek Insurance TPA Ltd             LT Loan            CRISIL BB      18.8    Downgraded
                                                                                  from CRISIL
                                                                                  BBB-@
E-Meditek Insurance TPA Ltd             Proposed LT Bk     CRISIL BB      151.2   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB-@
Emery Tie-Up Pvt Ltd                    Proposed LT Bk     CRISIL B       200     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Empire Meadows Pvt Ltd                  LT Loan            CRISIL B+      150     Migrated
Issuer Not Cooperating
Essel Kitchenware Ltd                   CC                 CRISIL BB+     160     reaffirmed
Essel Kitchenware Ltd                   Proposed LT Bk     CRISIL BB+     79.5    Reaffirmed
                                        Loan Fac
Essel Kitchenware Ltd                   TL                 CRISIL BB+     74.8    reaffirmed
Essel Thermoware Pvt Ltd                CC                 CRISIL BB+     60.5    Reaffirmed
Essel Thermoware Pvt Ltd                TL                 CRISIL BB+     38.9    Reaffirmed
Gama Infraprop Pvt Ltd                  BG                 CRISIL D       180     Migrated
Issuer Not Cooperating
Gama Infraprop Pvt Ltd                  Funded Interest TL CRISIL D       193.5   Migrated
Issuer Not Cooperating
Gama Infraprop Pvt Ltd                  TL                 CRISIL D       5649    Migrated
Issuer Not Cooperating
Gian Jyoti Educational Society          TL                 CRISIL B-      175     Reaffirmed
Issuer Not Cooperating
Horizon Polymer Engineering Pvt Ltd     CC                 CRISIL BB+     40      Assigned
HPCL Rajasthan Refinery Ltd             Proposed LT Bk     CRISIL AA      300000  Assigned
                                        Loan Fac
Indu Corporation Pvt Ltd                CC*                CRISIL BBB     900     Reaffirmed
*one way fully changeability from CC to LC 
J T L Infra Ltd                         CC                 CRISIL BBB-    100     Reaffirmed
Jagan Industries Pvt Ltd                CC                 CRISIL BB+     45      Reaffirmed
Johns Gold & Diamonds                   CC                 CRISIL B+      110     Reaffirmed
Issuer Not Cooperating
Jugal Kishore Mahanta                   CC                 CRISIL BBB-    100     Reaffirmed
K. G. Gupta Infrastructure Pvt Ltd      CC                 CRISIL BB      30      Reaffirmed
K. G. Gupta Infrastructure Pvt Ltd      Proposed LT Bk     CRISIL BB      47.5    Reaffirmed
                                        Loan Fac
K.T. Mathew & Co.                       CC                 CRISIL B       40      Withdrawal
Issuer Not Cooperating
K.T. Mathew & Co.                       Proposed WC Fac    CRISIL B       10      Withdrawal
Issuer Not Cooperating
Kabra Commercial Ltd                    CC                 CRISIL BB      7.5     Reaffirmed
Kalpataru Power Transmission Ltd        CC#                CRISIL AA      7750    Reaffirmed
# Rs 12.5 crores is interchangeable between fund-based and non-fund-based limits 
Kalpataru Power Transmission Ltd        LOC & BG^          CRISIL AA      6620    Reaffirmed
^ Interchangeable with fund-based limits; however, overall fund-based limits will not exceed
Rs.800 crore    
Kalpataru Power Transmission Ltd        Proposed LOC & BG^ CRISIL AA      4500    Reaffirmed
^ Interchangeable with fund-based limits; however, overall fund-based limits will not exceed
Rs.800 crore 
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      2000    Reaffirmed
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      2000    Reaffirmed
Kalpataru Power Transmission Ltd        NCD                CRISIL AA      2000    Reaffirmed
Kancheshwar Sugar Ltd                   Proposed WC Fac    CRISIL B-      142.1
Kancheshwar Sugar Ltd                   TL                 CRISIL B-      897.9
Kancheshwar Sugar Ltd                   WC TL              CRISIL B-      190
Kimplas Piping Systems Ltd              CC                 CRISIL BBB-    150     Reaffirmed
Kimplas Piping Systems Ltd              Rupee TL           CRISIL BBB-    78      Reaffirmed
Kotsons Pvt Ltd                         CC                 CRISIL B       425     Reaffirmed
Kotsons Pvt Ltd                         Proposed LT Bk     CRISIL B       100     Reaffirmed
                                        Loan Fac
Kotsons Pvt Ltd                         Standby Line of    CRISIL B       50      Reaffirmed
                                        Credit
Laxmi Rice Mill - Maharajganj           CC                 CRISIL BB-     65      Reaffirmed
Issuer Not Cooperating
Laxmi Rice Mill - Maharajganj           LT Loan            CRISIL BB-     26.2    Reaffirmed
Issuer Not Cooperating
Leben Laboratories Pvt Ltd              Packing Credit     CRISIL BBB-    70      Migrated from
                                                                                  CRISIL BB+
Issuer Not Cooperating
M&M Fasteners India                     Proposed LT Bk     CRISIL BB-     22.5    Assigned
                                        Loan Fac
M&M Fasteners India                     LT Loan            CRISIL BB-     50      Assigned
M&M Fasteners India                     Open CC            CRISIL BB-     27.5    Assigned
Maa Basanti Agritech Food Product Pvt   Proposed CC Limit  CRISIL B       32.4    Assigned
Ltd
Maa Basanti Agritech Food Product Pvt   TL                 CRISIL B       147.6   Assigned
Ltd
Madhav Biscuits Pvt Ltd                 CC                 CRISIL BB+     4       Reaffirmed
Issuer Not Cooperating
Madhav Biscuits Pvt Ltd                 LT Loan            CRISIL BB+     136     Reaffirmed
Issuer Not Cooperating
Mahabir And Sons                        CC                 CRISIL B+      100     Assigned
Model Tanners India Pvt Ltd             Proposed LT Bk     CRISIL BBB-    130     Reaffirmed
                                        Loan Fac
Nav Jyoti Agro Foods Pvt Ltd            CC                 CRISIL BB-     1200    Migrated
Issuer Not Cooperating
Nav Jyoti Agro Foods Pvt Ltd            TL                 CRISIL BB-     24      Migrated
Issuer Not Cooperating
Nav Jyoti Agro Foods Pvt Ltd            Warehouse FinancingCRISIL BB-     300     Migrated
Issuer Not Cooperating
North India Steel Company               CC                 CRISIL BB      100     Assigned
NTPC Ltd                                CC                 CRISIL AAA     14800   Reaffirmed
NTPC Ltd                                LT Loan            CRISIL AAA     466591.8Reaffirmed
NTPC Ltd                                Proposed CC Limit  CRISIL AAA     5200    Reaffirmed
NTPC Ltd                                Proposed LT Bk     CRISIL AAA     183408.2Reaffirmed
                                        Loan Fac
NTPC Ltd                                Bond Issue         CRISIL AAA     161900  Reaffirmed
NTPC Ltd                                NCDs               CRISIL AAA     348343.3Reaffirmed
NTPC Ltd                                NCDs               CRISIL AAA     4725    Reaffirmed
Olivia Impex Pvt Ltd                    CC                 CRISIL BBB     10      Reaffirmed
Ozon Vitrified Pvt Ltd                  CC                 CRISIL B+      80      Migrated
Issuer Not Cooperating
Ozon Vitrified Pvt Ltd                  TL                 CRISIL B+      67      Migrated
Issuer Not Cooperating
Palani Cotton Fabrics                   CC                 CRISIL B+      63      Withdrawal
Issuer Not Cooperating
Palani Cotton Fabrics                   Proposed CC Limit  CRISIL B+      37      Withdrawal
Issuer Not Cooperating
Palla Vajara Kiran Textiles Pvt Ltd     LT Loan            CRISIL BB-     11      Reaffirmed
Palla Vajara Kiran Textiles Pvt Ltd     Open CC            CRISIL BB-     50      Reaffirmed
Palla Vajara Kiran Textiles Pvt Ltd     Proposed LT Bk     CRISIL BB-     39      Reaffirmed
                                        Loan Fac
Pandrol Rahee Technologies Pvt Ltd      CC                 CRISIL BB+     50      Upgraded from
                                                                                  CRISIL
                                                                                  BB
Parry Sugars Refinery India Pvt Ltd     CC & WC demand     CRISIL A+      350     Reaffirmed
                                        loan (f)
Parry Sugars Refinery India Pvt Ltd     LOC & BG (b)       CRISIL A+      2500    Reaffirmed
Parry Sugars Refinery India Pvt Ltd     LOC & BG (c)       CRISIL A+      4000    Reaffirmed
Parry Sugars Refinery India Pvt Ltd     LOC & BG (d)       CRISIL A+      5000    Reaffirmed
Parry Sugars Refinery India Pvt Ltd     LOC & BG (e)       CRISIL A+      3000    Reaffirmed
Parry Sugars Refinery India Pvt Ltd     Packing Credit in  CRISIL A+      10000   Reaffirmed
                                        Foreign Currency
                                        (a)
Parry Sugars Refinery India Pvt Ltd     NCDs*              CRISIL AA-(SO) 600     reaffirmed
*Guaranteed by E.I.D. Parry India Limited 
Parry Sugars Refinery India Pvt Ltd     NCDs*              CRISIL AA-(SO) 2700    reaffirmed
*Guaranteed by E.I.D. Parry India Limited 
Parry Sugars Refinery India Pvt Ltd     NCDs*              Provisional    1350    Assigned^
                                                           CRISIL AA-(SO)
*Guaranteed by E.I.D. Parry India Limited /^A prefix of Provisional indicates that the rating
centrally factors in the strength of specific structures, and will be supported by certain
critical documentation by the issuer, without which the rating would either have been different
or not assigned ab initio. This is in compliance with a May 6, 2015 directive by the Securities
and Exchange Board of India (SEBI), Standardising the term, rating symbol, and manner of
disclosure with regard to conditional/ provisional/ in-principle ratings assigned by credit
rating agencies (CRAs)
Prathmesh Construction                  CC                 CRISIL BB+     100     Reaffirmed
Prayas Steels Pvt Ltd                   CC                 CRISIL B       90      Migrated
Issuer Not Cooperating
Presidium Junior Education Pvt Ltd      LT Loan            CRISIL BB-     213.2   Assigned
Privi Life Sciences Pvt Ltd             CC                 CRISIL BB      97.5    Reaffirmed
Privi Life Sciences Pvt Ltd             Proposed FB Bk     CRISIL BB      32.5    Reaffirmed
                                        Limits
Privi Life Sciences Pvt Ltd             TL                 CRISIL BB      40      Reaffirmed
Rajaram Bishnoi Contractor              CC                 CRISIL BB-     50      Assigned
Rakshit Pharmaceuticals Ltd             CC                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB
Rakshit Pharmaceuticals Ltd             LT Loan            CRISIL BB+     22.6    Upgraded from
                                                                                  CRISIL BB
Rakshit Pharmaceuticals Ltd             Proposed CC Limit  CRISIL BB+     20      Upgraded from
                                                                                  CRISIL BB
Rakshit Pharmaceuticals Ltd             Proposed LT Bk     CRISIL BB+     9.4     Upgraded from
                                        Loan Fac                                  CRISIL BB
Ramdev Sugars Pvt Ltd                   CC                 CRISIL BBB     120     Assigned
Ramdev Sugars Pvt Ltd                   TL                 CRISIL BBB     103.2   Assigned
Rheoplast Technology Pvt Ltd            CC                 CRISIL B       70      Migrated
Issuer Not Cooperating
Rheoplast Technology Pvt Ltd            Foreign LOC        CRISIL B       20      Migrated
Issuer Not Cooperating
Roha Dyechem Pvt Ltd                    Bill Discounting   CRISIL A-      300     Reaffirmed
Roha Dyechem Pvt Ltd                    CC*                CRISIL A-      450     Reaffirmed
*Fully interchangeable with Letter of Credit
Roha Dyechem Pvt Ltd                    CC**               CRISIL A-      300     Reaffirmed
**Fully interchangeable with Packing Credit and Export Bill Discounted facility
Roha Dyechem Pvt Ltd                    LT Loan            CRISIL A-      3970    Reaffirmed
Roha Dyechem Pvt Ltd                    Packing Credit#    CRISIL A-      300     Reaffirmed
#Fully interchangeable with Cash Credit
Safe Star Souharda Sahakari Niyamita    Overdraft          CRISIL B       -       Withdrawal
Safechem Industries                     CC                 CRISIL BBB     240     Reaffirmed
Safechem Industries                     Proposed LT Bk     CRISIL BBB     15      Reaffirmed
                                        Loan Fac
Shantinath Detergents Pvt Ltd           CC                 CRISIL BBB     258.4   Reaffirmed
Shiv Agrevo Ltd                         CC                 CRISIL BB+     200     Withdrawal
Issuer Not Cooperating
Shree Ganpati Ridhi Sidhi Agro          CC                 CRISIL D       45      Downgraded
Industries Pvt Ltd                                                                from CRISIL B
Issuer Not Cooperating
Shree Ganpati Ridhi Sidhi Agro          LT Loan            CRISIL D       77      Downgraded
Industries Pvt Ltd                                                                from CRISIL B
Issuer Not Cooperating
Shree Ganpati Ridhi Sidhi Agro          Proposed CC Limit  CRISIL D       25      Downgraded
Industries Pvt Ltd                                                                from CRISIL B
Issuer Not Cooperating
Shyam Hatcheries                        CC                 CRISIL BB-     55      Migrated
Issuer Not Cooperating
Shyam Hatcheries                        TL                 CRISIL BB-     45      Migrated
Issuer Not Cooperating
Siechem Technologies Pvt Ltd            CC                 CRISIL BBB+    260     Reaffirmed
Siechem Technologies Pvt Ltd            Channel Financing  CRISIL BBB+    100     Reaffirmed
Siechem Technologies Pvt Ltd            LT Loan            CRISIL BBB+    70      Reaffirmed
Siechem Technologies Pvt Ltd            Proposed CC Limit  CRISIL BBB+    150     Reaffirmed
Siechem Technologies Pvt Ltd            Proposed TL        CRISIL BBB+    1000    Reaffirmed
SKD Rice Industries Pvt Ltd             CC                 CRISIL B+      15      Upgraded from
                                                                                  CRISIL B
SKD Rice Industries Pvt Ltd             TL                 CRISIL B+      35      Upgraded from
                                                                                  CRISIL B
Smartak Footcare Pvt Ltd                CC                 CRISIL BB+     60      Reaffirmed
Smartak Footcare Pvt Ltd                LT Loan            CRISIL BB+     16.3    Reaffirmed
Smartak Footcare Pvt Ltd                Proposed LT Bk     CRISIL BB+     13.7    Reaffirmed
                                        Loan Fac
Sree Rengaraj Ispat Industries Pvt Ltd  CC                 CRISIL BB+     190     Reaffirmed
                                                                                  and Withdrawal
Sree Rengaraj Ispat Industries Pvt Ltd  LT Loan            CRISIL BB+     770     Reaffirmed
                                                                                  and Withdrawal
Sree Rengaraj Ispat Industries Pvt Ltd  Proposed LT Bk     CRISIL BB+     351.9   Reaffirmed
                                        Loan Fac                                  and Withdrawal
Sri Ram Jewellers                       CC                 CRISIL BB-     100     Assigned
SS Aluminium Pvt Ltd                    CC                 CRISIL B+      65      Upgraded from
                                                                                  CRISIL B
SS Aluminium Pvt Ltd                    Proposed LT Bk     CRISIL B+      19.2    Upgraded from
                                        Loan Fac                                  CRISIL B
SS Aluminium Pvt Ltd                    LT Loan            CRISIL B+      44.2    Upgraded from
                                                                                  CRISIL B
Standard Strips India Pvt Ltd           Bill Discounting   CRISIL BB      70      Reaffirmed
Standard Strips India Pvt Ltd           CC                 CRISIL BB      200     Reaffirmed
Sudhir Food Products India Ltd          CC                 CRISIL B+      60      Migrated
Issuer Not Cooperating
Summits Hygronics Pvt Ltd               CC                 CRISIL BB-     20      Assigned
Sunrise Integrated Facility Pvt Ltd     CC                 CRISIL B+      35      Withdrawal
Issuer Not Cooperating
Sunrise Integrated Facility Pvt Ltd     Proposed LT Bk     CRISIL B+      60      Withdrawal
                                        Loan Fac
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           BG                 CRISIL D       10      Migrated
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           CC                 CRISIL D       25      Migrated
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           Drop Line          CRISIL D       84.8    Migrated
                                        Overdraft Fac
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           LOC                CRISIL D       15      Migrated
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           Proposed LT Bk     CRISIL D       23.8    Migrated
                                        Loan Fac
Issuer Not Cooperating
Surana Metacast India Pvt Ltd           TL                 CRISIL D       40.9    Migrated
Issuer Not Cooperating
Swami Feeds Pvt Ltd                     CC                 CRISIL BB+     400     Reaffirmed
Swami Feeds Pvt Ltd                     LT Loan            CRISIL BB+     200     Reaffirmed
Swasthik Ceramall                       CC                 CRISIL B+      13.5    Withdrawal
Issuer Not Cooperating
Swasthik Ceramall                       LT Loan            CRISIL B+      12.5    Withdrawal
Issuer Not Cooperating
Swasthik Ceramall                       Proposed WC Fac    CRISIL B+      9       Withdrawal
Issuer Not Cooperating
TeamLease Services Ltd                  Proposed LT Bk     CRISIL A-      200     Reaffirmed
                                        Loan Fac
Tecon Tiles Pvt Ltd                     CC                 CRISIL BB      30      Migrated
Issuer Not Cooperating
Tecon Tiles Pvt Ltd                     LT Loan            CRISIL BB      68.5    Migrated
Issuer Not Cooperating
Tecon Tiles Pvt Ltd                     Proposed LT Bk     CRISIL BB      13.5    Migrated
                                        Loan Fac
Issuer Not Cooperating
Thirumalai Chemicals Ltd                FB Fac*            CRISIL A       1044
*Of which Rs. 311 Cr are interchangeable between non-fund based and fund based limits
Thirumalai Chemicals Ltd                Non-FBL*           CRISIL A       2066
*Of which Rs. 311 Cr are interchangeable between non-fund based and fund based limits
Thirumalai Chemicals Ltd                Proposed FB Bk     CRISIL A       617.4
                                        Limits
Thirumalai Chemicals Ltd                FB Fac             CRISIL A       706
Tojo Vikas International Pvt Ltd        CC                 CRISIL BBB-    290     Reaffirmed
Veekay Diamants                         CC                 CRISIL BB      230     Reaffirmed
Veekay Diamants                         LT Loan            CRISIL BB      10      Reaffirmed
Veekay Diamants                         Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
Veevee Controls Pvt Ltd                 CC                 CRISIL BBB     20      Reaffirmed
Veevee Controls Pvt Ltd                 Proposed BG        CRISIL BBB     25      Reaffirmed
Veevee Controls Pvt Ltd                 TL                 CRISIL BBB     5       Reaffirmed
Webson Hosiery Factory                  CC                 CRISIL BB-     112.5   Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Webson Hosiery Factory                  Proposed CC Limit  CRISIL BB-     2       Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Webson Hosiery Factory                  TL                 CRISIL BB-     4.5     Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Windar Renewable Energy Pvt Ltd         Proposed LT Bk     CRISIL BBB     200     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
Windar Renewable Energy Pvt Ltd         TL                 CRISIL BBB     310     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Win-Win Autolink Pvt Ltd                CC                 CRISIL BB-     100     Assigned
Win-Win Autolink Pvt Ltd                Drop Line          CRISIL BB-     18      Assigned
                                        Overdraft Fac
Zuri Hotels and Resorts Pvt Ltd         TL                 CRISIL B       20      Withdrawal
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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