March 29, 2018 / 3:48 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Mar 29

    Mar 29 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of March 28, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alps Chemicals Pvt Ltd                  LOC & BG           CRISIL A3+     20      Reaffirmed
Alps Chemicals Pvt Ltd                  Packing Credit     CRISIL A3+     180
Reaffirmed
Anandji Haridas and Co. Pvt Ltd         BG                 CRISIL A4+     3       Reaffirmed
Migrated from 'CRISIL A4+' Issuer Not Cooperating 
Anandji Haridas and Co. Pvt Ltd         LOC                CRISIL A4+     40      Reaffirmed
Migrated from 'CRISIL A4+' Issuer Not Cooperating 
Anglo India Jute and Textile Industries BG                 CRISIL A4+     20      Assigned
Pvt Ltd
Astra Lifecare India Pvt Ltd            BG                 CRISIL A3      80      Reaffirmed
Autotech Non-Wovens Pvt Ltd             BG                 CRISIL A4+     20      Reaffirmed
Autotech Non-Wovens Pvt Ltd             LOC                CRISIL A4+     30      Reaffirmed
Bajaj Agro Industries                   BG                 CRISIL A4      5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Balaji Impex                            LOC                CRISIL A4+     250     Reaffirmed
Bhandari Steels Ltd                     LOC                CRISIL A4      50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bhasin Industries                       Overdraft          CRISIL A4      20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bhasin Industries                       Proposed NFBL      CRISIL A4      20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Chembond Chemicals Ltd                  BG                 CRISIL A1      30      Reaffirmed
Chothy Enterprises                      Packing Credit     CRISIL A4+     75      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Concord Construction                    BG                 CRISIL A4      390     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Coronet Engineers Pvt Ltd               BG                 CRISIL A4+     24.2    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Coronet Engineers Pvt Ltd               LOC                CRISIL A4+     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Datamatics Global Services Ltd          Packing Credit#    CRISIL A1      200     Reaffirmed
#Interchangeable with overdraft to the extent of Rs 5 crore, import letter of credit to the
extent of Rs 3 crore, and bank guarantee to the extent of Rs 3 cro
Datamatics Global Services Ltd          Packing Credit     CRISIL A1      150     Reaffirmed
Datamatics Global Services Ltd          Proposed ST Bk     CRISIL A1      150     Reaffirmed
                                        Loan Fac
Duvet Industries                        BG                 CRISIL A4      2       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Galpha Laboratories Ltd                 BG                 CRISIL A2      30      Reaffirmed
Galpha Laboratories Ltd                 LOC                CRISIL A2      20      Reaffirmed
Garg Agrifoods Pvt Ltd                  BG                 CRISIL A4+     60      Assigned
Assigned: Suspension Revoked
Gaurav Impex                            Bill Discounting   CRISIL A4+     40      Assigned
                                        under LOC
IL Jin Electronics India Pvt Ltd        Sales Bill         CRISIL A2      200     Assigned
                                        Discounting**
**Sublimit - Cash credit of Rs 15 crore, buyer's credit of Rs 10 crore, and working capital
demand loan of Rs 15.0 crore.
Jai Sai Construction                    BG                 CRISIL A4+     50
Assigned
Jai Shree Shyam Textiles                BG                 CRISIL A4+     2.6     Reaffirmed
Jindal Spinning Mills Ltd               Packing Credit     CRISIL A4      54      Reaffirmed
Issuer Not Cooperating; Rating Migrated
K S Subbiah Pillai and Company India    Letter Of GuaranteeCRISIL A2+     2.5     Reaffirmed
Pvt Ltd
K S Subbiah Pillai and Company India    LOC                CRISIL A2+     2       Reaffirmed
Pvt Ltd
K S Subbiah Pillai and Company India    Packing Credit     CRISIL A2+     200     Reaffirmed
Pvt Ltd
K. Ravindran                            BG                 CRISIL A4+     20      Reaffirmed
Migrated from 'CRISIL A4+' Issuer Not Cooperating
K.K.P. Fine Linen Pvt Ltd               Foreign Bill       CRISIL A3      75      Withdrawal
                                        Discounting
Issuer Not Cooperating
K.K.P. Fine Linen Pvt Ltd               LOC                CRISIL A3      30      Withdrawal
Issuer Not Cooperating
K.K.P. Fine Linen Pvt Ltd               Packing Credit in  CRISIL A3      256     Withdrawal
                                        Foreign Currency
Issuer Not Cooperating
Kakinada Seaports Ltd                   BG                 CRISIL A2+     833.6   Reaffirmed
Kansara Forge And Wires Pvt Ltd         LOC                CRISIL A4      20      Assigned
Khwahish Marketing Pvt Ltd              Overdraft          CRISIL A4      75      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Krishna Steel Industries                Proposed ST Bk     CRISIL A4      35      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Kumar Enterprises                       BG                 CRISIL A4+     40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lanarsy Infra Ltd                       BG                 CRISIL A4+     120     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lilly Fashions Pvt Ltd                  Packing Credit in  CRISIL A4      32.5    Reaffirmed
                                        Foreign Currency
Issuer Not Cooperating; Rating Migrated
M Arunachalam Projects and              BG                 CRISIL A4+     100     Reaffirmed
Infrastructure Company Pvt Ltd

M Suresh Company Pvt Ltd                Foreign Exchange   CRISIL A1      40      Reaffirmed
                                        Forward
M Suresh Company Pvt Ltd                Standby Line of    CRISIL A1      287.5   Reaffirmed
                                        Credit
M.L.Exports                             Letter Of GuaranteeCRISIL A2+     20      Reaffirmed
M.L.Exports                             LOC                CRISIL A2+     10      Reaffirmed
M.L.Exports                             Packing Credit     CRISIL A2+     300     Reaffirmed
Maddi Lakshmaiah and Co Ltd             ST Loan            CRISIL A2+     100
Reaffirmed
Mehra Polytex Pvt Ltd                   BG                 CRISIL A4+     20      Reaffirmed
MGG Infra Projects Pvt Ltd              BG                 CRISIL A4      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
ML Agro Products Ltd                    Letter Of GuaranteeCRISIL A2+     4       Reaffirmed
ML Agro Products Ltd                    LOC                CRISIL A2+     2       Reaffirmed
ML Agro Products Ltd                    Packing Credit     CRISIL A2+     160     Reaffirmed
Nagode International Pvt Ltd            Export Packing     CRISIL A4+     110     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Issuer Not Cooperating; Rating Migrated
Nand Kishore and Sons                   LOC                CRISIL A4+     300     Reaffirmed
Power Finance Corporation Ltd           ST Borrowing       CRISIL A1+     20000   Assigned
                                        programme~
~Borrowing programme for fiscal 2019. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs.37,000 crore at any point in time
during the fiscal. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. 
Power Finance Corporation Ltd           ST Borrowing       CRISIL A1+     20000   Reaffirmed
                                        programme*
*Borrowing programme for fiscal 2018. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs.64,000 crore at any point in time
during the fiscal. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act.
Precision Infomatic (M) Pvt Ltd         BG                 CRISIL A4+     20      Reaffirmed
Issuer Not Co-operating
Prism Enterprises Pvt Ltd               Overdraft          CRISIL A4+     205     Assigned
Prism Enterprises Pvt Ltd               BG                 CRISIL A4+     21.4    Assigned
Prism Jewellery                         Post Shipment      CRISIL A4+     134     Assigned
                                        Credit
PVR Projects Ltd                        BG                 CRISIL A3+     770     Assigned
Assigned: Suspension Revoked
R. S. Graphics                          Proposed ST Bk     CRISIL A4+     25      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Rajhans Metals Pvt Ltd                  Proposed NFBL      CRISIL A4+     297     Assigned
Ram Niwas and Company                   BG                 CRISIL A4+     130     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ravi Industries                         LOC                CRISIL A4+     42.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Resonance Paper Mill Pvt Ltd            BG                 CRISIL A4      10      Reaffirmed
Rishika Construction                    Proposed NFBL      CRISIL A4+     65      Assigned
Rishika Construction                    BG                 CRISIL A4+     40      Assigned
RNS Infrastructure Ltd                  BG                 CRISIL A3+     3590
Upgraded from 'CRISIL A3'
RNS Infrastructure Ltd                  Proposed NFBL      CRISIL A3+     300
Upgraded from 'CRISIL A3'
S.M. Sun Power Ltd                      BG                 CRISIL A4+     20      Reaffirmed
Issuer Not Cooperating
Safex Fire Services Ltd                 BG                 CRISIL A3+     5       Reaffirmed
Safex Fire Services Ltd                 LOC                CRISIL A3+     45      Reaffirmed
Sap Print Solutions Pvt Ltd             BG                 CRISIL A3      50      Reaffirmed
Sap Print Solutions Pvt Ltd             Overdraft          CRISIL A3      70      Reaffirmed
Seasaga Enterprises Pvt Ltd             Packing Credit     CRISIL A4+     169.5   Reaffirmed
Shriram Transport Finance Co. Ltd       BG                 CRISIL A1+     16200   Reaffirmed
Shriram Transport Finance Co. Ltd       ST Bk Fac          CRISIL A1+     22690   Reaffirmed
Shriram Transport Finance Co. Ltd       CP                 CRISIL A1+     7500    Reaffirmed
Spectra and Star Convergence Ltd        BG                 CRISIL A3      110     Reaffirmed
Suchi Industries Ltd                    BG                 CRISIL A4+     10      Reaffirmed
Sundaram Mutual Fund                    Proposed ST Bk     CRISIL A1+     10000   Reaffirmed
                                        Loan Fac
Sundaram Mutual Fund                    ST Bk Fac          CRISIL A1+     15000   Reaffirmed
Symtronics Automation Pvt Ltd           BG                 CRISIL A4      15      Reaffirmed
Techno Global Services Pvt Ltd          BG                 CRISIL A4+     60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Thirupathy Bright Industries            BG                 CRISIL A4+     15      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Thirupathy Bright Industries            LOC                CRISIL A4+     25      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            BG                 CRISIL A4      8       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            Bill Purchase      CRISIL A4      12.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            LOC                CRISIL A4      15      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            Packing Credit     CRISIL A4      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Veevee Controls Pvt Ltd                 BG                 CRISIL A3+     100     Reaffirmed
CRISIL A3+
Vignans Foundation For Science          Overdraft          CRISIL A3+     145     Reaffirmed
Technology And Research
Vijai Construction India Pvt Ltd        BG                 CRISIL A3+     440     Reaffirmed
Vijai Construction India Pvt Ltd        Proposed BG        CRISIL A3+     530     Assigned
Vijayneha Polymers Pvt Ltd              LOC                CRISIL A3+     200     Reaffirmed
Wahi Sons Pvt Ltd                       BG                 CRISIL A4+     10      Reaffirmed
Wahi Sons Pvt Ltd                       LOC                CRISIL A4+     30      Reaffirmed
Window Magic India Pvt Ltd              LOC & BG           CRISIL A4+     30      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Shriram Transport Finance Co. Ltd       FD Programme       FAAA                   Reaffirmed

LONG TERM RATINGS:
-------------------
A and A Real Estate Pvt Ltd             LT Loan            CRISIL B+      160     Assigned
A. D. Jeyaveerapandia Nadar and Bros    CC                 CRISIL BB-     12      Reaffirmed
(Nagapattinam)
Issuer Not Cooperating
A. D. Jeyaveerapandia Nadar and Bros    WC Foreign         CRISIL BB-     48      Reaffirmed
(Nagapattinam)                          Currency TL
Issuer Not Cooperating
ACETEL Enterprises Pvt Ltd              CC                 CRISIL BB-     150     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Adinath Jewellery Exports               Packing Credit     CRISIL A       245     Reaffirmed
                                        (pre-shipment
                                        credit)
Adinath Jewellery Exports               Post Shipment      CRISIL A       105     Reaffirmed
                                        Credit
Adinath Jewellery Exports               Proposed LT Bk     CRISIL A       250     Reaffirmed
                                        Loan Fac
Alps Chemicals Pvt Ltd                  CC                 CRISIL BBB     10      Reaffirmed
Alps Chemicals Pvt Ltd                  Proposed LT Bk     CRISIL BBB     113.2   Assigned
                                        Loan Fac
Amartara Pvt Ltd                        BG                 Withdrawal     1
Withdrawal
Amartara Pvt Ltd                        Line of Credit     Withdrawal     250
Withdrawal
Amartara Pvt Ltd                        Proposed LT Bk     Withdrawal     44.6
                                        Loan Fac
Withdrawal
Amartara Pvt Ltd                        Rupee TL           Withdrawal     3.8
Withdrawal
Amartara Pvt Ltd                        TL                 Withdrawal     15.4
Withdrawal
Anandji Haridas and Co. Pvt Ltd         CC                 CRISIL BB+     70      Reaffirmed
Migrated from 'CRISIL BB+' Issuer Not Cooperating
Anandji Haridas and Co. Pvt Ltd         LT Loan            CRISIL BB+     78      Reaffirmed
Migrated from 'CRISIL BB+' Issuer Not Cooperating
Anglo India Jute and Textile Industries Proposed LT Bk     CRISIL BB      10      Assigned
Pvt Ltd                                 Loan Fac
Anglo India Jute and Textile Industries LT Loan            CRISIL BB      75      Assigned
Pvt Ltd
Anglo India Jute and Textile Industries CC                 CRISIL BB      40      Assigned
Pvt Ltd
Aravind Ceramic Industries Ltd          CC                 CRISIL BB      260     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Aravind Ceramic Industries Ltd          LT Loan            CRISIL BB      180     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Aravind Ceramic Industries Ltd          Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Arvind Singla                           CC                 CRISIL BB-     80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Arvind Singla                           Proposed CC Limit  CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Asirvad Microfinance Ltd- Kamban        Series A PTCs      Provisional
Northern Arc 2018                                          CRISIL A (SO)
Provisional Rating Assigned
Astra Lifecare India Pvt Ltd            Credit Limit Under CRISIL BBB-    100     Reaffirmed
                                        Gold Card
Astra Lifecare India Pvt Ltd            Export Packing     CRISIL BBB-    650     Reaffirmed
                                        Credit
Astra Lifecare India Pvt Ltd            Proposed LT Bk     CRISIL BBB-    172.3   Reaffirmed
                                        Loan Fac
Astra Lifecare India Pvt Ltd            TL                 CRISIL BBB-    105     Assigned
Autotech Non-Wovens Pvt Ltd             CC                 CRISIL BB-     125     Reaffirmed
Autotech Non-Wovens Pvt Ltd             TL                 CRISIL BB-     383.9   Reaffirmed
Avigna Properties Pvt Ltd               Proposed LT Bk     CRISIL BB-     700     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Bajaj Agro Industries                   CC                 CRISIL B+      55      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bajaj Agro Industries                   TL                 CRISIL B+      25.1    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Balaji Impex                            CC*                CRISIL BB+     70      Reaffirmed
* Interchangeable with Letter of Credit
Balaji Impex                            Proposed LT Bk     CRISIL BB+     15
                                        Loan Fac
Reaffirmed
Beekay Auto Pvt Ltd                     Inventory Funding  CRISIL BBB     570
                                        Fac
Migrated from 'CRISIL BB+' Issuer Not Cooperating
Beekay Auto Pvt Ltd                     Proposed LT Bk     CRISIL BBB     30
                                        Loan Fac
Migrated from 'CRISIL BB+' Issuer Not Cooperating
Bhandari Steels Ltd                     CC                 CRISIL B+      70      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bhandari Steels Ltd                     Electronic Dealer  CRISIL B+      110     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Bhandari Steels Ltd                     Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Bhasin Industries                       Non-FBL            CRISIL B+      50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bhasin Industries                       Proposed TL        CRISIL B+      10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Bhaskar Urade and Brothers              CC                 CRISIL BB-     65      Reaffirmed
Chathur Realtors Pvt Ltd                Proposed LT Bk     CRISIL BBB-    80      Reaffirmed
                                        Loan Fac
Chembond Chemicals Ltd                  CC                 CRISIL A-      160     Reaffirmed
Chothy Enterprises                      CC                 CRISIL BB-     140     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Chothy Enterprises                      TL                 CRISIL BB-     10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Concord Construction                    CC                 CRISIL B+      100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Coronet Engineers Pvt Ltd               CC                 CRISIL BB-     9       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Coronet Engineers Pvt Ltd               Proposed LT Bk     CRISIL BB-     46.8    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Dadha Pharma Distribution Pvt Ltd       CC                 CRISIL BBB-    150     Reaffirmed
Duvet Industries                        CC                 CRISIL B+      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Duvet Industries                        TL                 CRISIL B+      28      Reaffirmed
Issuer Not Cooperating; Rating Migrated
G. K. International                     CC                 CRISIL BB-     6.5^    Reaffirmed
Issuer Not Cooperating; Rating Migrated; ^100% interchangeable with buyer's credit
G.L. Metallica Pvt Ltd                  CC                 CRISIL BB-     100     Assigned
G.L. Metallica Pvt Ltd                  TL                 CRISIL BB-     11.1    Assigned
Galpha Laboratories Ltd                 CC                 CRISIL BBB+    300     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Garg Agrifoods Pvt Ltd                  CC                 CRISIL BB      240     Assigned
Assigned: Suspension Revoked
Gaurav Impex                            CC                 CRISIL BB-     30      Assigned
Hitkari Multifilters Ltd                BG                 Withdrawal     0.5
Reaffirmed and Withdrawal
Hitkari Multifilters Ltd                CC                 Withdrawal     75
Reaffirmed and Withdrawal
Hitkari Multifilters Ltd                LOC                Withdrawal     75
Reaffirmed and Withdrawal
Hitkari Multifilters Ltd                Proposed LT Bk     Withdrawal     38.7
                                        Loan Fac
Reaffirmed and Withdrawal
Hitkari Multifilters Ltd                TL                 Withdrawal     0.8
Reaffirmed and Withdrawal
IL Jin Electronics India Pvt Ltd        LT Loan            CRISIL BBB+    300     Assigned
Infra Moves Pvt Ltd                     CC                 CRISIL B+      80      Reaffirmed
Infra Moves Pvt Ltd                     Proposed LT Bk     CRISIL B+      110     Reaffirmed
                                        Loan Fac
Jai Jagdamba Scrap Suppliers Ltd        CC                 CRISIL B       49.5    Assigned
Jai Sai Construction                    CC                 CRISIL BB-     50
Assigned
Jai Sai Construction                    Proposed BG        CRISIL BB-     450
Assigned
Jai Sai Construction                    Proposed CC Limit  CRISIL BB-     200     Assigned
Jai Shree Shyam Textiles                CC                 CRISIL BB-     34      Reaffirmed
Jai Shree Shyam Textiles                TL                 CRISIL BB-     49.4    Reaffirmed
Jain Industries                         CC                 Withdrawal     90
Jindal Spinning Mills Ltd               CC                 CRISIL B+      1       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Jindal Spinning Mills Ltd               Foreign Bill       CRISIL B+      50      Reaffirmed
                                        Purchase
Issuer Not Cooperating; Rating Migrated
K K P Spinning Mills Pvt Ltd            CC                 CRISIL BBB-    105     Reaffirmed
Issuer Not Cooperating; Rating Migrated
K K P Spinning Mills Pvt Ltd            Line of Credit     CRISIL BBB-    310     Reaffirmed
Issuer Not Cooperating; Rating Migrated
K K P Spinning Mills Pvt Ltd            CC                 Withdrawal     232
K K P Spinning Mills Pvt Ltd            LOC                Withdrawal     58
K K P Spinning Mills Pvt Ltd            LT Loan            Withdrawal     130
K K P Spinning Mills Pvt Ltd            Standby Line of    Withdrawal     25      Assigned
                                        Credit
K S Subbiah Pillai and Company India    CC                 CRISIL A-      10      Reaffirmed
Pvt Ltd
K S Subbiah Pillai and Company India    Proposed LT Bk     CRISIL A-      15.2    Reaffirmed
Pvt Ltd                                 Loan Fac
K S Subbiah Pillai and Company India    TL                 CRISIL A-      1.4     Assigned
Pvt Ltd
K. K. Tex Enterprises                   CC                 CRISIL B       60      Reaffirmed
Migrated from 'CRISIL B' Issuer Not Cooperating
K. K. Tex Enterprises                   Proposed LT Bk     CRISIL B       5.7     Reaffirmed
                                        Loan Fac
Migrated from 'CRISIL B' Issuer Not Cooperating
K. K. Tex Enterprises                   TL                 CRISIL B       4.3     Reaffirmed
Migrated from 'CRISIL B' Issuer Not Cooperating
K. Ravindran                            CC                 CRISIL BB-     230     Reaffirmed
Migrated from 'CRISIL BB-' Issuer Not Cooperating
K. V. Education Trust                   CC/ Overdraft Fac  CRISIL BB      14.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
K. V. Education Trust                   Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
K. V. Education Trust                   TL                 CRISIL BB      15.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
K.K.P. Fine Linen Pvt Ltd               LT Loan            CRISIL BBB-    3       Withdrawal
Issuer Not Cooperating
Kakinada Seaports Ltd                   LT Loan            CRISIL A-      9243.4  Reaffirmed
Kakinada Seaports Ltd                   Proposed LT Bk     CRISIL A-      73      Reaffirmed
                                        Loan Fac
Kansara Forge And Wires Pvt Ltd         TL                 CRISIL B+      30      Assigned
Kansara Forge And Wires Pvt Ltd         CC                 CRISIL B+      25      Assigned
Khwahish Marketing Pvt Ltd              Proposed LT Bk     CRISIL B+      125     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Kitturu Chennamma Poultry Farm          LT Loan            CRISIL BB-     5.1     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kitturu Chennamma Poultry Farm          Open CC            CRISIL BB-     68      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kitturu Chennamma Poultry Farm          Proposed CC Limit  CRISIL BB-     22.2    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kitturu Chennamma Poultry Farm          Proposed LT Bk     CRISIL BB-     1       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Konark Gujarat PV Pvt Ltd               TL                 CRISIL A-      460     Reaffirmed
Krishna Steel Industries                Bill Discounting   CRISIL B+      40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Krishna Steel Industries                CC                 CRISIL B+      25      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Kumar Enterprises                       Secured Overdraft  CRISIL BB      50      Reaffirmed
                                        Fac
Issuer Not Cooperating; Rating Migrated
Kumar Enterprises                       TL                 CRISIL BB      15      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lanarsy Infra Ltd                       CC                 CRISIL BB      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lilly Fashions Pvt Ltd                  Foreign Bill       CRISIL B+      10      Reaffirmed
                                        Discounting
Issuer Not Cooperating; Rating Migrated
Lucknow Producers Co-Operative Milk     CC                 CRISIL B       220     Assigned
Union Ltd
M Arunachalam Projects and              Proposed LT Bk     CRISIL BB+     220     Reaffirmed
Infrastructure Company Pvt Ltd          Loan Fac
M Suresh Company Pvt Ltd                Packing Credit     CRISIL A       2546    Reaffirmed
                                        (pre-shipment
                                        credit)
M Suresh Company Pvt Ltd                Post Shipment      CRISIL A       1666.5
                                        Credit
Reaffirmed
M Suresh Company Pvt Ltd                Proposed LT Bk     CRISIL A       37.5    Reaffirmed
                                        Loan Fac
M Suresh Company Pvt Ltd                Standby Line of    CRISIL A       432.5   Reaffirmed
                                        Credit
M Suresh Jewellery Pvt Ltd              Export Packing     CRISIL A       100     Reaffirmed
                                        Credit
M Suresh Jewellery Pvt Ltd              FB Fac             CRISIL A       400     Reaffirmed
M Suresh Jewellery Pvt Ltd              Packing Credit     CRISIL A       200     Reaffirmed
                                        (pre-shipment
                                        credit)
M Suresh Jewellery Pvt Ltd              Post Shipment      CRISIL A       350     Reaffirmed
                                        Credit
M Suresh Jewellery Pvt Ltd              WC Fac             CRISIL A       100
Reaffirmed
M. A. S. Subbaiah Chettiar Educational  Cash TL            CRISIL BB      78      Reaffirmed
And Charitable Trust
Issuer Not Cooperating; Rating Migrated
M. A. S. Subbaiah Chettiar Educational  Secured Overdraft  CRISIL BB      31      Reaffirmed
And Charitable Trust                    Fac
Issuer Not Cooperating; Rating Migrated
M.L.Exports                             CC                 CRISIL A-      10      Reaffirmed
Maa Bhuasuni Roller Flour Mills         CC                 Withdrawal     90
Maa Bhuasuni Roller Flour Mills         TL                 Withdrawal     40
Maa Rewa Sugars Pvt Ltd                 CC                 CRISIL BB      100     Assigned
Maa Rewa Sugars Pvt Ltd                 TL                 CRISIL BB      189.8   Assigned
Maddi Lakshmaiah and Co Ltd             CC                 CRISIL A-      250     Reaffirmed
Maddi Lakshmaiah and Co Ltd             Proposed LT Bk     CRISIL A-      38.2
                                        Loan Fac
Reaffirmed
Maddi Lakshmaiah and Co Ltd             TL                 CRISIL A-      11.8    Assigned
Manas Agro Industries                   CC                 CRISIL B+      26      Assigned
Manas Agro Industries                   TL                 CRISIL B+      34      Assigned
Mehra Polytex Pvt Ltd                   CC                 CRISIL BB      120     Reaffirmed
Mehra Polytex Pvt Ltd                   Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
MGG Infra Projects Pvt Ltd              CC                 CRISIL B+      40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
ML Agro Products Ltd                    CC                 CRISIL A-      40      Reaffirmed
ML Agro Products Ltd                    Proposed LT Bk     CRISIL A-      28.2    Reaffirmed
                                        Loan Fac
ML Agro Products Ltd                    TL                 CRISIL A-      11.8    Assigned
Nagode International Pvt Ltd            Proposed TL        CRISIL BB      40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Nand Kishore and Sons                   CC                 CRISIL BB      100     Reaffirmed
Naresh Cloth Store                      CC                 CRISIL B       60      Reaffirmed
Naresh Cloth Store                      Proposed LT Bk     CRISIL B       65      Reaffirmed
                                        Loan Fac
P. R. Technoplast Pvt Ltd               CC                 Withdrawal     35
Issuer Not Cooperating; Rating Withdrawal
P. R. Technoplast Pvt Ltd               Proposed LT Bk     Withdrawal     30
                                        Loan Fac
Issuer Not Cooperating; Rating Withdrawal
P. R. Technoplast Pvt Ltd               TL                 Withdrawal     60
Issuer Not Cooperating; Rating Withdrawal
Pandav Agro Food Processing             CC                 CRISIL B       75      Assigned
Pandav Agro Food Processing             TL                 CRISIL B       71      Assigned
Power Finance Corporation Ltd           CC**               CRISIL AAA     100000  Reaffirmed
**Limit for working capital'working capital demand loan/overdraft facility/cash credit/line of
credit/bank guarantee. Limit includes long-term and short-term
Power Finance Corporation Ltd           TL                 CRISIL AAA     20000   Reaffirmed
Power Finance Corporation Ltd           LT Borrowing       CRISIL AAA     37000   Assigned
                                        Programme~
~Borrowing programme for fiscal 2019. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs.37,000 crore at any point in time
during the fiscal. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. 
Power Finance Corporation Ltd           LT Borrowing       CRISIL AAA     64000   Reaffirmed
                                        Programme*
*Borrowing programme for fiscal 2018. Total incremental long-term bank borrowing and borrowings
under the rated long-term bonds programme not to exceed Rs.64,000 crore at any point in time
during the fiscal. The long-term borrowing programme includes tax-free bonds under Section 10 of
the Income Tax Act. 
Power Finance Corporation Ltd           Subordinated NCDs  CRISIL AAA     15000   Reaffirmed
Power Finance Corporation Ltd           Bonds #            CRISIL AAA     185943.4Reaffirmed
#Includes Rs 5000 crore of extra budgetary resources raised on behalf of Ministry of Power.
Precision Infomatic (M) Pvt Ltd         CC                 CRISIL BB      190     Reaffirmed
Issuer Not Co-operating
Prism Enterprises Pvt Ltd               Proposed WC Fac    CRISIL BB-     99.6    Assigned
Prism Enterprises Pvt Ltd               Gold Loan          CRISIL BB-     54      Assigned
Prism Enterprises Pvt Ltd               CC                 CRISIL BB-     720     Assigned
Prism Jewellery                         Proposed LT Bk     CRISIL BB-     16      Assigned
                                        Loan Fac
PVR Projects Ltd                        Overdraft          CRISIL BBB     300     Assigned
Assigned: Suspension Revoked
PVR Projects Ltd                        Proposed LT Bk     CRISIL BBB     250     Assigned
                                        Loan Fac
Assigned: Suspension Revoked
R. S. Graphics                          CC                 CRISIL BB-     25      Reaffirmed
Issuer Not Cooperating; Rating Migrated
R. S. Graphics                          LT Loan            CRISIL BB-     30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
R. S. Graphics                          Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Rachna Metal Industries Pvt Ltd         CC                 CRISIL BB-     150     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rachna Metal Industries Pvt Ltd         Proposed LT Bk     CRISIL BB-     62.7    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Rajhans Metals Pvt Ltd                  Standby Line of    CRISIL BB+     10      Assigned
                                        Credit
Rajhans Metals Pvt Ltd                  Rupee TL           CRISIL BB+     20      Assigned
Rajhans Metals Pvt Ltd                  Proposed CC Limit  CRISIL BB+     80      Assigned
Rajhans Metals Pvt Ltd                  Buyer`s Credit     CRISIL BB+     158     Assigned
Rajhans Metals Pvt Ltd                  CC                 CRISIL BB+     335     Assigned
Ram Niwas and Company                   CC                 CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
RAPP Transmission Co. Ltd               Proposed TL        Withdrawal     2200
Ravi Industries                         CC                 CRISIL BB-     40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Reach Logistics Pvt Ltd                 CC                 CRISIL BB-     50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Reach Logistics Pvt Ltd                 Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Relixir Pharmaceuticals Pvt Ltd         CC                 CRISIL B       50      Assigned
Relixir Pharmaceuticals Pvt Ltd         LT Loan            CRISIL B       145     Assigned
Resonance Paper Mill Pvt Ltd            CC                 CRISIL B+      70      Reaffirmed
Resonance Paper Mill Pvt Ltd            Proposed LT Bk     CRISIL B+      8       Reaffirmed
                                        Loan Fac
Resonance Paper Mill Pvt Ltd            TL                 CRISIL B+      52      Reaffirmed
Rishika Construction                    CC                 CRISIL BB      45      Assigned
RNS Infrastructure Ltd                  CC                 CRISIL BBB     560
Upgraded from 'CRISIL BBB-'
RNS Infrastructure Ltd                  Overdraft          CRISIL BBB     150
Upgraded from 'CRISIL BBB-'
RNS Infrastructure Ltd                  Proposed FB Bk     CRISIL BBB     400
                                        Limits
Upgraded from 'CRISIL BBB-'
S.M. Sun Power Ltd                      CC                 CRISIL BB      40      Reaffirmed
Issuer Not Cooperating
S.M. Sun Power Ltd                      Proposed LT Bk     CRISIL BB      20      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Safex Fire Services Ltd                 CC                 CRISIL BBB     50      Reaffirmed
Sap Print Solutions Pvt Ltd             CC                 CRISIL BBB-    130     Reaffirmed
Sea Star Frozen Foods                   TL                 CRISIL B+      49.2    Assigned
Sea Star Frozen Foods                   CC                 CRISIL B+      49      Assigned
Sea Star Frozen Foods                   Proposed TL        CRISIL B+      1.8     Assigned
Seasaga Enterprises Pvt Ltd             Bill Discounting   CRISIL BB      140     Reaffirmed
Seasaga Enterprises Pvt Ltd             TL                 CRISIL BB      240     Reaffirmed
Shakti Apifoods Pvt Ltd                 Bill Discounting   CRISIL BB-     1000
Downgraded from 'CRISIL BB'
Shakti Apifoods Pvt Ltd                 CC                 CRISIL BB-     100
Downgraded from 'CRISIL BB'
Shakti Apifoods Pvt Ltd                 TL                 CRISIL BB-     100
Downgraded from 'CRISIL BB'
Sheranwali Steels Pvt Ltd               CC                 CRISIL B       90      Assigned
Assigned: Suspension Revoked
Shree Ganesh Education and Welfare      LT Loan            CRISIL D       94.7    Reaffirmed
Society
Migrated from 'CRISIL D Issuer Not Cooperating'
Shree Gita Ginning and Oil Industries   CC                 CRISIL BB      370     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shree Gita Ginning and Oil Industries   Line of Credit     CRISIL BB      130     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shri Saiprasad Rice Mill                CC                 CRISIL BB-     55      Reaffirmed
Shriram Transport Finance Co. Ltd       BG                 CRISIL AA+     5500    Reaffirmed
Shriram Transport Finance Co. Ltd       CC & WC demand loanCRISIL AA+     63590   Reaffirmed
Shriram Transport Finance Co. Ltd       LT Bk Fac@         CRISIL AA+     194740  Reaffirmed
@Long term bank facilities of Rs.1243 crore transferred from Shriram Equipment Finance Company
Limited to Shriram Transport Finance Company Limited upon amalgamation of the former with latter
Shriram Transport Finance Co. Ltd       Proposed LT Bk     CRISIL AA+     59710   Reaffirmed
                                        Loan Fac
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     1000    Assigned
Shriram Transport Finance Co. Ltd       NCD                CRISIL AA+     31780   Reaffirmed
Shriram Transport Finance Co. Ltd       Subordinated Debt #CRISIL AA+     131.7   Reaffirmed
#Transferred from Shriram Equipment Finance Company Limited to Shriram Transport Finance Company
Limited upon amalgamation of the former with latter
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     1500    Reaffirmed
                                        Issue (Tier II)
                                        Bonds
Shriram Transport Finance Co. Ltd       Subordinated Debt  CRISIL AA+     1000    Reaffirmed
Shrusti                                 CC                 CRISIL BB-     98.9    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shrusti                                 Proposed LT Bk     CRISIL BB-     201.1   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Shubh Aluminium Pvt Ltd                 Line of Credit     CRISIL B+      140     Assigned
Spectra and Star Convergence Ltd        CC                 CRISIL BBB-    590     Reaffirmed
Sri Nidamanuri Educational Society      Cash TL            CRISIL BB      65      Reaffirmed
Migrated from 'CRISIL BB' Issuer Not Cooperating
Sri Nidamanuri Educational Society      Overdraft          CRISIL BB      60      Reaffirmed
Migrated from 'CRISIL BB' Issuer Not Cooperating
Suchi Industries Ltd                    CC                 CRISIL BB      45
Downgraded from 'CRISIL BB+'
Suchi Industries Ltd                    Proposed LT Bk     CRISIL BB      43
                                        Loan Fac
Downgraded from 'CRISIL BB+'
Suchi Industries Ltd                    Rupee TL           CRISIL BB      3.5
Downgraded from 'CRISIL BB+'
Symtronics Automation Pvt Ltd           CC                 CRISIL B+      45
Upgraded from 'CRISIL B'
Symtronics Automation Pvt Ltd           Proposed LT Bk     Withdrawal     5
                                        Loan Fac
Techna Infrastructure Pvt Ltd           Proposed LT Bk     Withdrawal     810.5
                                        Loan Fac
Withdrawal
Techna Infrastructure Pvt Ltd           TL                 Withdrawal     889.5
Withdrawal
Techno Global Services Pvt Ltd          CC                 CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tharun Texspin Mills Pvt Ltd            CC                 CRISIL BB      70      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tharun Texspin Mills Pvt Ltd            LT Loan            CRISIL BB      3       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tharun Texspin Mills Pvt Ltd            Proposed CC Limit  CRISIL BB      70      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tharun Texspin Mills Pvt Ltd            Proposed WC Fac    CRISIL BB      7       Reaffirmed
Issuer Not Cooperating; Rating Migrated
The Mysore Paper Mills Ltd              BG                 CRISIL D       10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
The Mysore Paper Mills Ltd              CC                 CRISIL D       450     Reaffirmed
Issuer Not Cooperating; Rating Migrated
The Mysore Paper Mills Ltd              LOC                CRISIL D       550     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Thirupathy Bright Industries            CC                 CRISIL BB      80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Thirupathy Bright Industries            TL                 CRISIL BB      10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            CC/ Overdraft Fac  CRISIL B+      20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trina NRE Transportation Ltd            TL                 CRISIL B+      60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Unitech Mercantile Pvt Ltd              LT Loan            CRISIL B       120     Assigned
Unitech Mercantile Pvt Ltd              Proposed LT Bk     CRISIL B       30      Assigned
                                        Loan Fac
Veevee Controls Pvt Ltd                 CC                 CRISIL BBB     20      Reaffirmed
CRISIL BBB
Versa Drives Pvt Ltd                    CC                 CRISIL BB      46
Upgraded from 'CRISIL BB-'
Versa Drives Pvt Ltd                    TL                 CRISIL BB      54
Upgraded from 'CRISIL BB-'
VFive Homes Pvt Ltd                     CC                 CRISIL D       100
Downgraded from 'CRISIL B' Issuer Not Cooperating
Vignans Foundation For Science          LT Loan            CRISIL BBB     300     Reaffirmed
Technology And Research
Vijai Construction India Pvt Ltd        CC                 CRISIL BBB     80      Reaffirmed
Vijayneha Polymers Pvt Ltd              CC                 CRISIL BBB     340     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Vijayneha Polymers Pvt Ltd              Channel Financing  CRISIL BBB     170     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Vijayneha Polymers Pvt Ltd              LT Loan            CRISIL BBB     40
Outlook revised from 'Stable' and rating reaffirmed
Wahi Sons Pvt Ltd                       CC                 CRISIL BB      95      Reaffirmed
Wahi Sons Pvt Ltd                       LT Loan            CRISIL BB      30      Reaffirmed
Window Magic India Pvt Ltd              CC                 CRISIL BB-     100     Reaffirmed
Window Magic India Pvt Ltd              Proposed LT Bk     CRISIL BB-     2.1     Reaffirmed
                                        Loan Fac
Window Magic India Pvt Ltd              TL                 CRISIL BB-     5.4     Reaffirmed
--------------------------------------------------------------------------------------------
$: 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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