March 29, 2019 / 9:13 AM / 3 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, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aayur Technology Solutions Pvt Ltd      BG                 CRISIL A4      35      Rating
                                                                                  Migrated
Issuer Not Cooperating
Abhimaani Publications Ltd              BG                 CRISIL A4      50      Reaffirmed
Adarsh Knitwear Pvt Ltd                 Overdraft          CRISIL A3      40      Withdrawn
Issuer Not Cooperating
Adarsh Knitwear Pvt Ltd                 Post Shipment      CRISIL A3      30      Withdrawn
                                        Credit
Issuer Not Cooperating
AKR Construction Ltd                    BG                 CRISIL A4      902.5   Rating
                                                                                  Migrated
Issuer Not Cooperating
AKR Construction Ltd                    LOC                CRISIL A4      30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Allied Aviation Pvt Ltd                 BG                 CRISIL A3+     323     Reaffirmed
Analogic Controls India Ltd             BG                 CRISIL A4+     65      Reaffirmed
Asian Pre-Lam Industries Pvt Ltd        LOC                CRISIL A4+     13.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Augustan Knitwear Pvt Ltd               Bill Discounting   CRISIL A4+     190     Reaffirmed
Augustan Knitwear Pvt Ltd               LOC                CRISIL A4+     60      Reaffirmed
Augustan Knitwear Pvt Ltd               Packing Credit     CRISIL A4+     100     Reaffirmed
Augustan Textile Colours Pvt Ltd        BG                 CRISIL A4      13.4    Withdrawn
Balmukund Sponge and Iron Pvt Ltd       LOC                CRISIL A4+     377     Migrated from
                                                                                  CRISIL A3+
Issuer Not Cooperating
Bengal Energy Ltd                       BG                 CRISIL A2      250     Reaffirmed
Bengal Energy Ltd                       LOC                CRISIL A2      7550    Reaffirmed
Bharat Engineering Works - Kolkata      BG                 CRISIL A4+     0.5     Migrated from
                                                                                  CRISIL A4+
Issuer Not Cooperating
Bharat Vanijya Eastern Pvt Ltd          BG                 CRISIL A3+     850     Reaffirmed
Classic Network Pvt Ltd                 BG                 CRISIL A2      1480    Reaffirmed
Construction Catalysers Pvt Ltd         BG                 CRISIL A4+     220     Reaffirmed
Construction Catalysers Pvt Ltd         LOC                CRISIL A4+     25      Reaffirmed
D. Ratna Exports                        Post Shipment      CRISIL A4+     210     Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
D. Ratna Exports                        Proposed ST Bk     CRISIL A4+     40      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Dipty Lal Judge Mal Pvt Ltd             BG                 CRISIL A2      50      Reaffirmed
Emmbros Automotives Pvt Ltd.            BG                 CRISIL A4+     0.12    Migrated from
                                                                                  CRISIL A4+
Rating Withdrawn
Fine Lines                              Packing Credit     CRISIL A4+     160     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Gagan Ferrotech Ltd                     LOC                CRISIL A4+     555     Migrated from
                                                                                  CRISIL A2
Issuer Not Cooperating
Himatsingka Seide Ltd                   BG                 CRISIL A1      55      Reaffirmed
Himatsingka Seide Ltd                   LOC                CRISIL A1      2390    Reaffirmed
Himatsingka Seide Ltd                   Packing Credit#    CRISIL A1      6350    Reaffirmed
#Interchangeable with bills discounting
Himatsingka Seide Ltd                   Post Shipment      CRISIL A1      250     Reaffirmed
                                        Credit
Himatsingka Seide Ltd                   Proposed Packing   CRISIL A1      500     Reaffirmed
                                        Credit#
#Interchangeable with bills discounting
Hi-Tech Chemicals Pvt Ltd               BG                 CRISIL A4+     4.5     Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Hi-Tech Chemicals Pvt Ltd               LOC                CRISIL A4+     4       Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
Hi-Tech Systems and Services Ltd        BG                 CRISIL A2+     29.5    Reaffirmed
Jana Small Finance Bank Ltd             CP Programme       CRISIL A2+     5000    Withdrawn
Janam Diamonds Pvt Ltd                  Foreign Exchange   CRISIL A4+     24      Rating
                                        Forward                                   Migrated
Issuer Not Cooperating
Janam Diamonds Pvt Ltd                  Post Shipment      CRISIL A4+     180     Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Jara Infratech Ltd                      BG                 CRISIL A4      25      Rating
                                                                                  Migrated
Issuer Not Cooperating
Jara Infratech Ltd                      LOC                CRISIL A4      5       Rating
                                                                                  Migrated
Issuer Not Cooperating
JKV Infracon (I) Pvt Ltd                BG                 CRISIL A4+     40      Assigned
JSR and Company Civil Contractors       BG                 CRISIL A4+     49      Rating
                                                                                  Migrated
Issuer Not Cooperating
K T Exports India Pvt Ltd               Packing Credit     CRISIL A3      60      Reaffirmed
K.D.Liquor and Fertilizer Pvt Ltd       BG                 CRISIL A4+     4       Reaffirmed
K.L. Concast Pvt Ltd                    BG                 CRISIL A4+     13      Rating
                                                                                  Migrated
Issuer Not Cooperating
K.S.R. Seeds                            BG                 CRISIL A4+     1.5     Reaffirmed
Issuer Not Cooperating
Kerry Indev Logistics Pvt Ltd           BG                 CRISIL A1      100     Reaffirmed
Kerry Indev Logistics Pvt Ltd           CP                 CRISIL A1      200     Reaffirmed
Laffans Granito Pvt Ltd                 BG                 CRISIL A4      45      Rating
                                                                                  Migrated
Issuer Not Cooperating
M/s. A. C. Shaikh Contractor            BG                 CRISIL A4+     19      Reaffirmed
Rating Withdrawn
Manakamna Flour Mills Pvt Ltd           BG                 CRISIL A4+     10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Marwar Carpets International            Bill Discounting   CRISIL A4      26      Reaffirmed
Marwar Carpets International            LOC                CRISIL A4      6       Reaffirmed
Marwar Carpets International            Overdraft          CRISIL A4      5       Reaffirmed
Marwar Carpets International            Packing Credit     CRISIL A4      96      Reaffirmed
Marwar Carpets International            Proposed NFBL      CRISIL A4      67      Reaffirmed
Matrix Cellular (International)         BG                 CRISIL A4      50      Reaffirmed
Services Ltd
Rating Withdrawn
Mili Steels Pvt Ltd                     LOC                CRISIL A4+     80      Withdrawn
Rating Withdrawn
Munjal Showa Ltd                        BG                 CRISIL A1+     22.5    Reaffirmed
Munjal Showa Ltd                        LOC@               CRISIL A1+     435     Reaffirmed
@Rs 30 crore as ad hoc unsecured import LC limit
Munjal Showa Ltd                        CP Programme       CRISIL A1+     60      Reaffirmed
Nandan Petrochem Ltd                    BG                 CRISIL A3+     40      Reassigned
Narayan industries - Chattisgarh        BG                 CRISIL A4+     3       Rating
                                                                                  Migrated
Issuer Not Cooperating
New Asian Construction Company          BG                 CRISIL A4      80      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nishigandha Polymers Pvt Ltd            LOC                CRISIL A4+     60      Reaffirmed
Nobel Hygiene Pvt Ltd                   LOC                CRISIL A3+     185.4   Reaffirmed
Origo Commodities India Pvt Ltd         BG                 CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3
Issuer Not Cooperating
P. J. Exports                           LOC                CRISIL A4      25      Rating
                                                                                  Migrated
Issuer Not Cooperating
Panna International                     Foreign            CRISIL A4+     112     Rating
                                        Discounting Bill                          Migrated
                                        Purchase
Issuer Not Cooperating
Panna International                     Proposed Bill      CRISIL A4+     66.5    Rating
                                        Discounting Fac                           Migrated
Issuer Not Cooperating
Phoeniix                                BG                 CRISIL A4+     10      Assigned
Phoenix ARC Pvt Ltd                     CP                 CRISIL A1+     3000    Reaffirmed
Powergear Ltd                           BG                 CRISIL A3      300     Reaffirmed
Powergear Ltd                           Export Packing     CRISIL A3      90      Reaffirmed
                                        Credit
Powergear Ltd                           Foreign Bill       CRISIL A3      35      Reaffirmed
                                        Discounting
Powergear Ltd                           LOC                CRISIL A3      70      Reaffirmed
Powergear Ltd                           Standby Line of    CRISIL A3      20      Reaffirmed
                                        Credit
Precision Technocrate & Marketers       BG                 CRISIL A4      5       Assigned
Radharani Himghar Pvt Ltd               BG                 CRISIL A4      1.8     Rating
                                                                                  Migrated
Issuer Not Cooperating
Rajkrishna Aditya Auto Store Pvt Ltd    BG                 CRISIL A4+     49      Rating
                                                                                  Migrated
Issuer Not Cooperating
Ram Ratna Infrastructure Pvt Ltd        LOC & BG           CRISIL A4+     100     Reaffirmed
Ray Engineering Pvt Ltd                 BG                 CRISIL A3      670     Reaffirmed
S. A. Infra                             BG                 CRISIL A4      50      Rating
                                                                                  Migrated
Issuer Not Cooperating
S. N. Polymers Pvt Ltd                  LOC                CRISIL A4+     27.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Saagar Eco Projects Pvt Ltd             LOC & BG           CRISIL A4      75      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sagar Asia Pvt Ltd                      Foreign LOC        CRISIL A4+     50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sai Teja Coating Pvt Ltd                Proposed ST Bk     CRISIL A4      50      Assigned
                                        Loan Fac
Sakti Enterprises                       BG                 CRISIL A4+     15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sarla Handicrafts Pvt Ltd               Packing Credit     CRISIL A4+     55      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sarla Handicrafts Pvt Ltd               Proposed Rupee ST  CRISIL A4+     25      Rating
                                        Loans                                     Migrated
Issuer Not Cooperating
Security Printing and Minting           LOC*               CRISIL A1+     2000    Reaffirmed
Corporation of India Ltd
* Includes sublimit of bank guarantee of Rs5 crore
Security Printing and Minting           LOC                CRISIL A1+     1000    Reaffirmed
Corporation of India Ltd
Security Printing and Minting           LOC & BG           CRISIL A1+     3500    Reaffirmed
Corporation of India Ltd
Severn Glocon India Pvt Ltd             BG                 CRISIL A3+     310     Downgraded
                                                                                  from CRISIL A2
Shah Bhogilal Jethalal and Bros         BG                 CRISIL A4+     100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Shahi Shipping Ltd                      BG                 CRISIL A4      20      Reaffirmed
Shanthala Spherocast Pvt Ltd            BG                 CRISIL A3      1.9     Upgraded from
                                                                                  CRISIL A4+
Shanthala Spherocast Pvt Ltd            Foreign Exchange   CRISIL A3      1.4     Upgraded from
                                        Forward                                   CRISIL A4+
Shanthala Spherocast Pvt Ltd            Vendor Financing   CRISIL A3      150     Upgraded from
                                                                                  CRISIL A4+
Shivalik Bimetal Controls Ltd           LOC & BG           CRISIL A2+     250     Reaffirmed
SNS Infra Projects Pvt Ltd              Proposed BG        CRISIL A4+     48.6    Assigned
SNS Infra Projects Pvt Ltd              BG                 CRISIL A4+     50      Assigned
SPEL Semiconductor Ltd                  LOC                CRISIL A4      40      Reaffirmed
Rating Withdrawn
SPEL Semiconductor Ltd                  Packing Credit     CRISIL A4      110     Reaffirmed
Rating Withdrawn
Steel Products Ltd                      LOC                CRISIL A4      11.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
TeamLease Services Ltd                  CP                 CRISIL A2+     250     Reaffirmed
Technocon Services                      BG                 CRISIL A3      17.5    Reaffirmed
Tex Corp Ltd                            BG                 CRISIL A3+     40      Reaffirmed
Tex Corp Ltd                            LOC                CRISIL A3+     40      Reaffirmed
Tropilite Foods Pvt Ltd                 LOC                CRISIL A3+     5       Reaffirmed
Tube Turn India Pvt Ltd                 BG                 CRISIL A4+     50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Tube Turn India Pvt Ltd                 LOC                CRISIL A4+     50      Rating
                                                                                  Migrated
Issuer Not Cooperating
U and Co Marine Exports                 Packing Credit     CRISIL A4      130     Rating
                                                                                  Migrated
Issuer Not Cooperating
Utility Projects and Services Pvt Ltd   BG                 CRISIL A4+     42.5    Assigned
Utkarsh India Ltd                       BG                 CRISIL A2      1000    Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating,Rating
Utkarsh India Ltd                       LOC                CRISIL A2      1250    Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating,Rating
Vax Consultants Pvt Ltd                 BG                 CRISIL A4      40      Reaffirmed
Venkata Narayana Active Ingredients Pvt Packing Credit     CRISIL A3      82      Assigned
Ltd
Vicky Roadways                          BG                 CRISIL A4+     100     Reaffirmed

LONG TERM RATINGS:
-------------------
Aadhya Infra Management Builders and    Proposed LT Bk     CRISIL B+      200     Rating
Developers                              Loan Fac                                  Migrated
Issuer Not Cooperating
Aayur Technology Solutions Pvt Ltd      CC                 CRISIL B       55      Rating
                                                                                  Migrated
Issuer Not Cooperating
Aayur Technology Solutions Pvt Ltd      WC Demand Loan     CRISIL B       10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Abhimaani Publications Ltd              CC                 CRISIL B+      145     Reaffirmed
Abhimaani Publications Ltd              Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Adarsh Knitwear Pvt Ltd                 Export Packing     CRISIL BBB-    130     Withdrawn
                                        Credit
Issuer Not Cooperating
Adarsh Knitwear Pvt Ltd                 Key CC             CRISIL BBB-    40      Withdrawn
Issuer Not Cooperating
Adarsh Knitwear Pvt Ltd                 TL                 CRISIL BBB-    360     Withdrawn
Issuer Not Cooperating
Agency House (A and N Islands) Pvt Ltd  CC                 CRISIL BB+     140     Reaffirmed
Ahinsa Flour Mill Pvt Ltd               CC                 CRISIL BB      55      Reaffirmed
Ahinsa Flour Mill Pvt Ltd               Proposed CC Limit  CRISIL BB      75      Reaffirmed
Ahinsa Flour Mill Pvt Ltd               TL                 CRISIL BB      46      Assigned
AKR Construction Ltd                    Overdraft          CRISIL C       277.5   Rating
                                                                                  Migrated
Issuer Not Cooperating
Allied Aviation Pvt Ltd                 CC                 CRISIL BBB     25      Reaffirmed
Allied Aviation Pvt Ltd                 LT Loan            CRISIL BBB     2       Reaffirmed
Al-Sana Agro Food Products Pvt Ltd      CC                 CRISIL BB+     30      Reaffirmed
Rating Withdrawn
Amit Rice and Gen. Mills                CC                 CRISIL B       65      Migrated from
                                                                                  CRISIL B
Rating Withdrawn
Amit Rice and Gen. Mills                TL                 CRISIL B       15      Migrated from
                                                                                  CRISIL B
Rating Withdrawn
Analogic Controls India Ltd             Proposed Overdraft CRISIL BB+     65      Reaffirmed
                                        Fac
Analogic Controls India Ltd             Secured Overdraft  CRISIL BB+     70      Reaffirmed
                                        Fac
Aroma India Pvt Ltd                     TL                 CRISIL B+      108     Rating
                                                                                  Migrated
Issuer Not Cooperating
Art Club Pvt Ltd                        LT Loan            CRISIL BB      450     Rating
                                                                                  Migrated
Issuer Not Cooperating
Art Club Pvt Ltd                        Proposed LT Bk     CRISIL BB      650     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Arya Tankers Pvt Ltd                    External           CRISIL BB+     1334    Rating
                                        Commercial                                Migrated
                                        Borrowings
Issuer Not Cooperating
Aryan Residency Ltd                     LT Loan            CRISIL BB-     120     Rating
                                                                                  Migrated
Issuer Not Cooperating
Ashwani Kumar and Company Pvt Ltd       CC                 CRISIL B       62      Rating
                                                                                  Migrated
Issuer Not Cooperating
Ashwani Kumar and Company Pvt Ltd       Proposed LT Bk     CRISIL B       22.1    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Asian Pre-Lam Industries Pvt Ltd        CC                 CRISIL BB-     12      Rating
                                                                                  Migrated
Issuer Not Cooperating
Asian Pre-Lam Industries Pvt Ltd        Proposed LT Bk     CRISIL BB-     1       Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Asian Pre-Lam Industries Pvt Ltd        TL                 CRISIL BB-     1.5     Rating
                                                                                  Migrated
Issuer Not Cooperating
Augustan Knitwear Pvt Ltd               LT Loan            CRISIL BB+     115     Reaffirmed
Augustan Textile Colours Pvt Ltd        CC                 CRISIL B       60      Withdrawn
Augustan Textile Colours Pvt Ltd        LT Loan            CRISIL B       80      Withdrawn
Augustan Textile Colours Pvt Ltd        Proposed LT Bk     CRISIL B       15.8    Withdrawn
                                        Loan Fac
Augustan Textile Colours Pvt Ltd        Proposed TL        CRISIL B       50      Withdrawn
AVC Motors (Nissan)                     CC                 CRISIL B-      5       Withdrawn
Issuer Not Cooperating
Balkrishna Fabrics                      CC                 CRISIL BB      70      Reaffirmed
Balkrishna Fabrics                      Proposed CC Limit  CRISIL BB      20      Reaffirmed
Balmukund Sponge and Iron Pvt Ltd       CC                 CRISIL BB+     480     Migrated from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Balmukund Sponge and Iron Pvt Ltd       LT Loan            CRISIL BB+     33      Migrated from
                                                                                  CRISIL BBB
Issuer Not Cooperating
Balmukund Sponge and Iron Pvt Ltd       Proposed LT Bk     CRISIL BB+     5       Migrated from
                                        Loan Fac                                  CRISIL BBB
Issuer Not Cooperating
Balmukund Sponge and Iron Pvt Ltd       Standby Line of    CRISIL BB+     30      Migrated from
                                        Credit                                    CRISIL BBB
Issuer Not Cooperating
Bengal Energy Ltd                       CC                 CRISIL BBB+    525     Reaffirmed
Bengal Energy Ltd                       LT Loan            CRISIL BBB+    600.6   Reaffirmed
Bengal Energy Ltd                       Proposed LT Bk     CRISIL BBB+    824.4   Reaffirmed
                                        Loan Fac
Bengal Energy Ltd                       Standby Line of    CRISIL BBB+    250     Reaffirmed
                                        Credit
Beva Silicones Pvt Ltd                  TL                 CRISIL BB      65      Rating
                                                                                  Migrated
Issuer Not Cooperating
Beva Silicones Pvt Ltd                  WC Fac             CRISIL BB      5       Rating
                                                                                  Migrated
Issuer Not Cooperating
Bharat Engineering Works - Kolkata      CC                 CRISIL BB-     5.5     Migrated from
                                                                                  CRISIL BB-
Issuer Not Cooperating
Bharat Engineering Works - Kolkata      Export Packing     CRISIL BB-     3       Migrated from
                                        Credit                                    CRISIL BB-
Issuer Not Cooperating
Bharat Vanijya Eastern Pvt Ltd          CC                 CRISIL BBB     62.5    Reaffirmed
Outlook revised from Negative
Bharat Vanijya Eastern Pvt Ltd          Proposed CC Limit  CRISIL BBB     2.5     Assigned
Outlook revised from Negative
Bharat Vanijya Eastern Pvt Ltd          Overdraft          CRISIL BBB     5       Assigned
Outlook revised from Negative
Casa Grande Distripark Pvt Ltd          Lease Rental       CRISIL BBB-    530     Withdrawn
                                        Discounting Loan
Watch Developing
Casa Grande Distripark Pvt Ltd          Proposed LT Bk     CRISIL BBB-    470     Withdrawn
                                        Loan Fac
Watch Developing
CGD Mappedu Pvt Ltd                     Proposed LT Bk     CRISIL BB+     125     Withdrawn
                                        Loan Fac
Watch Developing
Classic Network Pvt Ltd                 CC                 CRISIL BBB+    420     Reaffirmed
Outlook revised from Stable
Classic Network Pvt Ltd                 Proposed LT Bk     CRISIL BBB+    100     Reaffirmed
                                        Loan Fac
Outlook revised from Stable
Colour Creation Pvt Ltd                 CC                 CRISIL BB+     75      Rating
                                                                                  Migrated
Issuer Not Cooperating
Colour Creation Pvt Ltd                 LT Loan            CRISIL BB+     370     Rating
                                                                                  Migrated
Issuer Not Cooperating
Construction Catalysers Pvt Ltd         CC                 CRISIL BB-     200     Reaffirmed
Designer Exports                        CC                 CRISIL B-      60      Rating
                                                                                  Migrated
Issuer Not Cooperating
Designer Exports                        Proposed LT Bk     CRISIL B-      40      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Deswal Hatcheries Pvt Ltd               CC                 CRISIL BB-     75      Reaffirmed
Deswal Hatcheries Pvt Ltd               LT Loan            CRISIL BB-     66.5    Reaffirmed
Dhana Sree Collections Pvt Ltd          Proposed LT Bk     CRISIL B       150     Assigned
                                        Loan Fac
Dipty Lal Judge Mal Pvt Ltd             CC                 CRISIL BBB+    125     Reaffirmed
Outlook revised from Positive and rating
Dipty Lal Judge Mal Pvt Ltd             Proposed TL        CRISIL BBB+    45      Reaffirmed
Outlook revised from Positive and rating
Dipty Lal Judge Mal Pvt Ltd             TL                 CRISIL BBB+    130     Reaffirmed
Outlook revised from Positive and rating
Elson Packaging Industries Pvt Ltd      CC                 CRISIL BB      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Emmbros Automotives Pvt Ltd.            CC                 CRISIL BB      5.5     Migrated from
                                                                                  CRISIL BB
Rating Withdrawn
Emmbros Automotives Pvt Ltd.            TL                 CRISIL BB      2.88    Migrated from
                                                                                  CRISIL BB
Rating Withdrawn
Fine Lines                              LT Loan            CRISIL BB+     70      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Friendly Motors India Pvt Ltd           Inventory Funding  CRISIL B+      135.8   Downgraded
                                        Fac                                       from CRISIL BB
Gagan Ferrotech Ltd                     CC                 CRISIL BB+     1745    Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Gagan Ferrotech Ltd                     Proposed TL        CRISIL BB+     1160    Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating
Himatsingka Seide Ltd                   TL                 CRISIL A       15136.7 Reaffirmed
Hi-Tech Chemicals Pvt Ltd               CC                 CRISIL BB+     40      Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Hi-Tech Chemicals Pvt Ltd               LT Loan            CRISIL BB+     8.25    Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
Hi-Tech Chemicals Pvt Ltd               Proposed Standby   CRISIL BB+     2.25    Migrated from
                                        Line of Credit                            CRISIL BBB-
Issuer Not Cooperating
Hi-Tech Systems and Services Ltd        CC                 CRISIL A-      37      Reaffirmed
Hi-Tech Systems and Services Ltd        Proposed FB Bk     CRISIL A-      13      Reaffirmed
                                        Limits
Hi-Tech Systems and Services Ltd        TL                 CRISIL A-      74.29   Assigned
Ideal Real Estates Pvt Ltd              CC                 CRISIL B-      900     Withdrawn
Ideal Real Estates Pvt Ltd              Proposed LT Bk     CRISIL B-      900     Withdrawn
                                        Loan Fac
Ideal Real Estates Pvt Ltd              TL                 CRISIL B-      800     Withdrawn
Indianocean Shipping Pvt Ltd            Foreign Currency TLCRISIL BB+     930     Migrated from
                                                                                  CRISIL BB+
Rating Withdrawn
Institute of Gastro And Kidney Care Pvt LT Bk Fac          CRISIL BB-     450     Reaffirmed
Ltd
Institute of Gastro And Kidney Care Pvt LT Loan            CRISIL BB-     350     Assigned
Ltd
Jana Small Finance Bank Ltd             TL                 CRISIL BBB     300     Withdrawn
Jana Small Finance Bank Ltd             NCDs               CRISIL BBB     2630    Withdrawn
Janam Diamonds Pvt Ltd                  Export Packing     CRISIL BB+     120     Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Janam Diamonds Pvt Ltd                  Proposed LT Bk     CRISIL BB+     1       Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Janam Diamonds Pvt Ltd                  Standby Line of    CRISIL BB+     25      Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Jara Infratech Ltd                      CC                 CRISIL B       10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Jara Infratech Ltd                      Proposed CC Limit  CRISIL B       80      Rating
                                                                                  Migrated
Issuer Not Cooperating
JKV Infracon (I) Pvt Ltd                CC/ Overdraft Fac  CRISIL BB-     35      Assigned
JSR and Company Civil Contractors       CC                 CRISIL BB      35      Rating
                                                                                  Migrated
Issuer Not Cooperating
K T Exports India Pvt Ltd               CC                 CRISIL BBB-    10      Reaffirmed
K.D.Liquor and Fertilizer Pvt Ltd       CC                 CRISIL BB+     11      Upgraded from
                                                                                  CRISIL BB
K.L. Concast Pvt Ltd                    CC                 CRISIL BB      25      Rating
                                                                                  Migrated
Issuer Not Cooperating
K.L. Concast Pvt Ltd                    Proposed BG        CRISIL BB      39      Rating
                                                                                  Migrated
Issuer Not Cooperating
K.S.R. Seeds                            Bill Discounting   CRISIL BB      6       Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
K.S.R. Seeds                            CC                 CRISIL BB      17.5    Migrated from
                                                                                  CRISIL BB
Issuer Not Cooperating
K.S.R. Seeds                            Proposed LT Bk     CRISIL BB      5       Migrated from
                                        Loan Fac                                  CRISIL BB
Issuer Not Cooperating
Kadapa Oils Complex India Pvt Ltd       Proposed CC Limit  CRISIL B       150     Assigned
Kerry Indev Logistics Pvt Ltd           CC                 CRISIL A       550     Reaffirmed
Kerry Indev Logistics Pvt Ltd           External           CRISIL A       100     Reaffirmed
                                        Commercial
                                        Borrowings
Kerry Indev Logistics Pvt Ltd           LT Loan            CRISIL A       300     Reaffirmed
Kerry Indev Logistics Pvt Ltd           Proposed CC Limit  CRISIL A       100     Reaffirmed
Kerry Indev Logistics Pvt Ltd           Proposed LT Bk     CRISIL A       100     Assigned
                                        Loan Fac
Kerry Indev Logistics Pvt Ltd           Secured Overdraft  CRISIL A       150     Assigned
                                        Fac
Keshav Holiday Resort Pvt Ltd           LT Loan            CRISIL BB-     500     Rating
                                                                                  Migrated
Issuer Not Cooperating
Krishna Constructions (Chennai)         Proposed LT Bk     CRISIL BB      22      Upgraded from
                                        Loan Fac                                  CRISIL BB-
Kumar Distributors Pvt Ltd              CC                 CRISIL BB-     280     Rating
                                                                                  Migrated
Issuer Not Cooperating
Kumar Distributors Pvt Ltd              Electronic Dealer  CRISIL BB-     160     Rating
                                        Financing                                 Migrated
                                        Scheme(e-DFS)
Issuer Not Cooperating
Laffans Granito Pvt Ltd                 CC                 CRISIL B+      90      Rating
                                                                                  Migrated
Issuer Not Cooperating
Laffans Granito Pvt Ltd                 LT Loan            CRISIL B+      37.7    Rating
                                                                                  Migrated
Issuer Not Cooperating
Laffans Granito Pvt Ltd                 TL                 CRISIL B+      217.3   Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Armaan Shoes Pvt Ltd            Bill Pur-Dis Fac   CRISIL D       50      Withdrawn
Lakhani Armaan Shoes Pvt Ltd            CC                 CRISIL D       65      Withdrawn
Lakhani Armaan Shoes Pvt Ltd            LOC                CRISIL D       85      Withdrawn
Lakhani Armaan Shoes Pvt Ltd            TL                 CRISIL D       45.1    Withdrawn
Lakhani Footwear Pvt Ltd                Bill Pur-Dis Fac   CRISIL D       150     Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Footwear Pvt Ltd                CC                 CRISIL D       593.1   Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Footwear Pvt Ltd                LOC*               CRISIL D       270     Rating
                                                                                  Migrated
Issuer Not Cooperating,*Includes sublimit of Rs 2 crore for bank guarantee

Lakhani Footwear Pvt Ltd                Pro LT Bk Loan Fac CRISIL D       49.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Footwear Pvt Ltd                TL                 CRISIL D       118.6   Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         BG                 CRISIL D       10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         Bill Pur-Dis Fac   CRISIL D       75      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         CC                 CRISIL D       85      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         LOC                CRISIL D       100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         Proposed LT Bk     CRISIL D       159.8   Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Products Pvt Ltd         TL                 CRISIL D       22.2    Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    BG                 CRISIL D       10      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    Bill Pur-Dis Fac   CRISIL D       60      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    CC                 CRISIL D       85      Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    LOC                CRISIL D       100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    Proposed LT Bk     CRISIL D       52.8    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Lakhani Rubber Works                    TL                 CRISIL D       13.7    Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Shoes and Apparels Pvt Ltd      BG                 CRISIL D       5       Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Shoes and Apparels Pvt Ltd      CC                 CRISIL D       250     Rating
                                                                                  Migrated
Issuer Not Cooperating
Lakhani Shoes and Apparels Pvt Ltd      LOC                CRISIL D       179.5   Rating
                                                                                  Migrated
Issuer Not Cooperating
LB Cotton Industries LLP                CC                 CRISIL B+      50      Rating
                                                                                  Migrated
Issuer Not Cooperating
LB Cotton Industries LLP                TL                 CRISIL B+      30      Rating
                                                                                  Migrated
Issuer Not Cooperating
M R Real Food Pvt Ltd                   TL                 CRISIL BB      88.4    Assigned
M R Real Food Pvt Ltd                   CC                 CRISIL BB      90      Assigned
M R Real Food Pvt Ltd                   Proposed LT Bk     CRISIL BB      11.6    Assigned
                                        Loan Fac
M. G. T. Motors Pvt Ltd                 CC                 CRISIL BB      400     Rating
                                                                                  Migrated
Issuer Not Cooperating
M. G. T. Motors Pvt Ltd                 LT Loan            CRISIL BB      40      Rating
                                                                                  Migrated
Issuer Not Cooperating
M. G. T. Motors Pvt Ltd                 Proposed LT Bk     CRISIL BB      10      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
M.G. Infraestates Pvt Ltd               TL                 CRISIL B+      14      Withdrawn
Issuer Not Cooperating
M/s. A. C. Shaikh Contractor            CC                 CRISIL BB+     16      Reaffirmed
Rating Withdrawn
M/s. A. C. Shaikh Contractor            Proposed BG        CRISIL BB+     5       Reaffirmed
Rating Withdrawn
M/s. A. C. Shaikh Contractor            TL                 CRISIL BB+     1       Reaffirmed
Rating Withdrawn
Malles Constructions Pvt Ltd            LT Loan            CRISIL BB      71      Reaffirmed
Issuer Not Cooperating
Malles Constructions Pvt Ltd            Overdraft          CRISIL BB      20      Reaffirmed
Issuer Not Cooperating
Malles Constructions Pvt Ltd            Proposed LT Bk     CRISIL BB      9       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Manakamna Flour Mills Pvt Ltd           CC                 CRISIL BB      70      Rating
                                                                                  Migrated
Issuer Not Cooperating
Manan Apparels Pvt Ltd                  CC                 CRISIL BB      100     Reaffirmed
Maschio Gaspardo India Pvt Ltd          CC                 CRISIL BBB     450     Reaffirmed
Maschio Gaspardo India Pvt Ltd          WC Fac             CRISIL BBB     200     Reaffirmed
Mascot FootCare                         BG                 CRISIL D       10      Withdrawn
Mascot FootCare                         Bill Pur-Dis Fac   CRISIL D       100     Withdrawn
Mascot FootCare                         CC                 CRISIL D       85      Withdrawn
Mascot FootCare                         LOC                CRISIL D       75      Withdrawn
Mascot FootCare                         Proposed LT Bk     CRISIL D       83.6    Withdrawn
                                        Loan Fac
Matrix Cellular (International)         CC                 CRISIL B+      170     Reaffirmed
Services Ltd
Rating Withdrawn
Matrix Cellular (International)         Proposed CC Limit  CRISIL B+      30      Reaffirmed
Services Ltd
Rating Withdrawn
Mi Lifestyle Marketing Global Pvt Ltd   LT Loan            CRISIL BB      50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Mi Lifestyle Marketing Global Pvt Ltd   Proposed CC Limit  CRISIL BB      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Mi Lifestyle Marketing Global Pvt Ltd   Secured Overdraft  CRISIL BB      50      Rating
                                        Fac                                       Migrated
Issuer Not Cooperating
Mili Steels Pvt Ltd                     CC                 CRISIL BB      40      Withdrawn
Rating Withdrawn
Mili Steels Pvt Ltd                     Proposed LT Bk     CRISIL BB      50      Withdrawn
                                        Loan Fac
Rating Withdrawn
Mili Steels Pvt Ltd                     WC Demand Loan     CRISIL BB      120     Withdrawn
Rating Withdrawn
Munjal Showa Ltd                        CC*                CRISIL AA      300     Reaffirmed
*Interchangeable with bank overdraft
Munjal Showa Ltd                        Proposed LT Bk     CRISIL AA      685     Reaffirmed
                                        Loan Fac
Mysore Fruit Products Pvt Ltd           CC                 CRISIL B       200     Rating
                                                                                  Migrated
Issuer Not Cooperating
N. Ravichandran                         CC/ Overdraft Fac  CRISIL B+      50      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nafisa Noor                             LT Loan            CRISIL D       100     Withdrawn
Naik Frozen Foods Pvt Ltd               Packing Credit     CRISIL BB+     330     Rating
                                        (pre-shipment                             Migrated
                                        credit)
Issuer Not Cooperating
Naik Seafoods Pvt Ltd                   Foreign Bill       CRISIL BB+     450     Rating
                                        Discounting                               Migrated
Issuer Not Cooperating
Nandan Petrochem Ltd                    Proposed LT Bk     CRISIL BBB     200     Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Nandan Petrochem Ltd                    WC Fac             CRISIL BBB     1010    Upgraded from
                                                                                  CRISIL BBB-
Narayan industries - Chattisgarh        CC                 CRISIL BB-     9       Rating
                                                                                  Migrated
Issuer Not Cooperating
Neeraja Developers and Promoters        Proposed LT Bk     CRISIL B+      2       Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Neeraja Developers and Promoters        TL                 CRISIL B+      8       Rating
                                                                                  Migrated
Issuer Not Cooperating
New Asian Construction Company          CC                 CRISIL B       30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Nikhath Noor                            LT Loan            CRISIL BB      75      Withdrawn
Nishigandha Polymers Pvt Ltd            CC                 CRISIL BB+     100     Upgraded from
                                                                                  CRISIL BB
NJT Finance Pvt Ltd                     CC                 CRISIL B+      150     Rating
                                                                                  Migrated
Issuer Not Cooperating
Nobel Hygiene Pvt Ltd                   CC                 CRISIL BBB     400     Reaffirmed
Nobel Hygiene Pvt Ltd                   LT Loan            CRISIL BBB     431     Reaffirmed
Nobel Hygiene Pvt Ltd                   Proposed LT Bk     CRISIL BBB     383.6   Reaffirmed
                                        Loan Fac
Notandas Gems Pvt Ltd                   CC                 CRISIL BB      115     Migrated from
                                                                                  CRISIL BB
Rating Withdrawn
Origo Commodities India Pvt Ltd         CC                 CRISIL BB+     200     Migrated from
                                                                                  CRISIL BBB-
Issuer Not Cooperating
P. J. Exports                           CC                 CRISIL B-      105     Rating
                                                                                  Migrated
Issuer Not Cooperating
P. J. Exports                           Foreign Bill       CRISIL B-      40      Rating
                                        Discounting                               Migrated
Issuer Not Cooperating
P. J. Exports                           Packing Credit     CRISIL B-      60      Rating
                                                                                  Migrated
Issuer Not Cooperating
P. J. Exports                           Proposed LT Bk     CRISIL B-      10      Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Panna International                     Secured Overdraft  CRISIL BB      18.5    Rating
                                        Fac                                       Migrated
Issuer Not Cooperating
Pee Ell Alloys Unit - II                CC                 CRISIL BB-     8       Assigned
Phoeniix                                Export Packing     CRISIL BB      250     Assigned
                                        Credit
Phoenix ARC Pvt Ltd                     CC*                CRISIL AA      2000    Reaffirmed
*Interchangeable with short term bank facilities
Phoenix ARC Pvt Ltd                     Overdraft*         CRISIL AA      1000    Reaffirmed
*Interchangeable with short term bank facilities
Phoenix ARC Pvt Ltd                     Pro LT Bk Loan Fac*CRISIL AA      1000    Reaffirmed
Phoenix ARC Pvt Ltd                     NCD                CRISIL AA      1000    Assigned
Phoenix ARC Pvt Ltd                     NCD                CRISIL AA      1000    Reaffirmed
Poddar Construction                     Proposed FB Bk     CRISIL B       50      Assigned
                                        Limits
Powergear Ltd                           CC                 CRISIL BBB-    90      Reaffirmed
Powergear Ltd                           Proposed LT Bk     CRISIL BBB-    42.8    Reaffirmed
                                        Loan Fac
Precision Technocrate & Marketers       Proposed CC Limit  CRISIL B+      0.19    Assigned
Precision Technocrate & Marketers       CC                 CRISIL B+      0.75    Assigned
Pride Ventures India Pvt Ltd            Rupee TL           CRISIL B+      330     Rating
                                                                                  Migrated
Issuer Not Cooperating
R R Enterprises - Hyderabad             Proposed LT Bk     CRISIL B       16      Assigned
                                        Loan Fac
Radharani Himghar Pvt Ltd               CC                 CRISIL B-      35      Rating
                                                                                  Migrated
Issuer Not Cooperating
Radharani Himghar Pvt Ltd               Proposed LT Bk     CRISIL B-      28.6    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Radharani Himghar Pvt Ltd               TL                 CRISIL B-      22.8    Rating
                                                                                  Migrated
Issuer Not Cooperating
Radharani Himghar Pvt Ltd               WC Fac             CRISIL B-      11.8    Rating
                                                                                  Migrated
Issuer Not Cooperating
Radhesh Plastics India Pvt Ltd          CC                 CRISIL B       27      Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
Radhesh Plastics India Pvt Ltd          TL                 CRISIL B       20.8    Migrated from
                                                                                  CRISIL B+
Issuer Not Cooperating
Rai Infrastructure                      CC                 CRISIL B       106     Reaffirmed
Rai Infrastructure                      TL                 CRISIL B       35.9    Reaffirmed
Rajasthan Arts and Crafts House         Export Packing     CRISIL BB+     262.5   Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Rajasthan Arts and Crafts House         TL                 CRISIL BB+     87.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Rajkrishna Aditya Auto Store Pvt Ltd    CC                 CRISIL BB+     29.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Rajkrishna Aditya Auto Store Pvt Ltd    Proposed LT Bk     CRISIL BB+     1.5     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Ram Ratna Infrastructure Pvt Ltd        CC                 CRISIL BB+     100     Reaffirmed
Ram Ratna Infrastructure Pvt Ltd        LT Loan            CRISIL BB+     180     Reaffirmed
Ram Ratna Infrastructure Pvt Ltd        Proposed LT Bk     CRISIL BB+     107.5   Reaffirmed
                                        Loan Fac
Rassco Steels Ltd                       CC                 CRISIL BB-     170     Rating
                                                                                  Migrated
Issuer Not Cooperating
Ray Engineering Pvt Ltd                 CC                 CRISIL BBB-    130     Reaffirmed
Outlook revised from Positive and rating
Ray Engineering Pvt Ltd                 Overdraft          CRISIL BBB-    35      Assigned
Outlook revised from Positive and rating
RKS Future Foods and Cold Chain Pvt.    CC                 CRISIL B       4       Reaffirmed
Ltd.
Issuer Not Cooperating
RKS Future Foods and Cold Chain Pvt.    Proposed TL        CRISIL B       5.65    Reaffirmed
Ltd.
Issuer Not Cooperating
RKS Future Foods and Cold Chain Pvt.    TL                 CRISIL B       12.35   Reaffirmed
Ltd.
Issuer Not Cooperating
S. A. Infra                             CC                 CRISIL B+      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
S. N. Polymers Pvt Ltd                  CC                 CRISIL BB      35      Rating
                                                                                  Migrated
Issuer Not Cooperating
S. N. Polymers Pvt Ltd                  LT Loan            CRISIL BB      4       Rating
                                                                                  Migrated
Issuer Not Cooperating
S. N. Polymers Pvt Ltd                  Proposed LT Bk     CRISIL BB      33.5    Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
S. R. Cotton                            CC                 CRISIL B+      75      Migrated from
                                                                                  CRISIL B+
Rating Withdrawn
S. R. Cotton                            Proposed LT Bk     CRISIL B+      4.2     Migrated from
                                        Loan Fac                                  CRISIL B+
Rating Withdrawn
S. R. Cotton                            Proposed TL        CRISIL B+      10.8    Migrated from
                                                                                  CRISIL B+
Rating Withdrawn
S. R. Cotton                            Standby Line of    CRISIL B+      10      Migrated from
                                        Credit                                    CRISIL B+
Rating Withdrawn
Saagar Eco Projects Pvt Ltd             CC                 CRISIL B+      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Saagar Eco Projects Pvt Ltd             TL                 CRISIL B+      25      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sagar Asia Pvt Ltd                      CC                 CRISIL BB      150     Rating
                                                                                  Migrated
Issuer Not Cooperating
Sagar Asia Pvt Ltd                      Proposed LT Bk     CRISIL BB      170     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Sagar Asia Pvt Ltd                      TL                 CRISIL BB      80      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sai Teja Coating - Manikonda            Proposed LT Bk     CRISIL B       15      Assigned
                                        Loan Fac
Sai Teja Coating Pvt Ltd                Proposed LT Bk     CRISIL B       50      Assigned
                                        Loan Fac
Sakti Enterprises                       CC                 CRISIL BB      42.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Sakti Enterprises                       Proposed LT Bk     CRISIL BB      2.5     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
Sanjar Pharma LLP                       CC                 CRISIL B-      20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Sanjar Pharma LLP                       LT Loan            CRISIL B-      90      Rating
                                                                                  Migrated
Issuer Not Cooperating
Santosh Enterprises                     Bill Discounting   CRISIL B       20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Santosh Enterprises                     CC                 CRISIL B       22.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Santosh Enterprises                     CC/ Overdraft Fac  CRISIL B       15      Rating
                                                                                  Migrated
Issuer Not Cooperating
Santosh Enterprises                     Proposed WC Fac    CRISIL B       12.5    Rating
                                                                                  Migrated
Issuer Not Cooperating
Sarla Handicrafts Pvt Ltd               Bill Discounting   CRISIL BB-     30      Rating
                                                                                  Migrated
Issuer Not Cooperating
Savitri Alloys                          TL                 CRISIL B+      35      Assigned
Savitri Alloys                          CC                 CRISIL B+      50      Assigned
Savitri Alloys                          Proposed LT Bk     CRISIL B+      15.5    Assigned
                                        Loan Fac
Security Printing and Minting           Proposed LT Bk     CRISIL AAA     5000    Reaffirmed
Corporation of India Ltd                Loan Fac
Severn Glocon India Pvt Ltd             CC                 CRISIL BBB     30      Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Severn Glocon India Pvt Ltd             Export Packing     CRISIL BBB     240     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB+
Severn Glocon India Pvt Ltd             LT Bk Fac          CRISIL BBB     75      Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
SGK Flours And Oils Pvt Ltd             Proposed CC Limit  CRISIL B       250     Assigned
Shah Bhogilal Jethalal and Bros         CC                 CRISIL BB+     40      Rating
                                                                                  Migrated
Issuer Not Cooperating
Shah Bhogilal Jethalal and Bros         Standby Line of    CRISIL BB+     4.5     Rating
                                        Credit                                    Migrated
Issuer Not Cooperating
Shah Bhogilal Jethalal and Bros         TL                 CRISIL BB+     7.3     Rating
                                                                                  Migrated
Issuer Not Cooperating
Shahi Shipping Ltd                      CC                 CRISIL B+      50      Reaffirmed
Shahi Shipping Ltd                      Proposed LT Bk     CRISIL B+      30      Reaffirmed
                                        Loan Fac
Shanthala Spherocast Pvt Ltd            CC                 CRISIL BBB-    120     Upgraded from
                                                                                  CRISIL BB+
Shanthala Spherocast Pvt Ltd            LT Loan            CRISIL BBB-    70      Upgraded from
                                                                                  CRISIL BB+
Shanthala Spherocast Pvt Ltd            Proposed LT Bk     CRISIL BBB-    37      Upgraded from
                                        Loan Fac                                  CRISIL BB+
Shivaganga Polymers Pvt Ltd             CC                 CRISIL BB+     100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Shivalik Bimetal Controls Ltd           CC                 CRISIL A-      410     Reaffirmed
Shivalik Bimetal Controls Ltd           LT Loan            CRISIL A-      50      Assigned
Shree Dental Speciality Hospital        Proposed LT Bk     CRISIL BB      110     Assigned
                                        Loan Fac
Shree Siddhivinayak Enterprises - MumbaiProposed WC Fac    CRISIL BB      1.5     Assigned
Shree Siddhivinayak Enterprises - MumbaiLT Loan            CRISIL BB      2       Assigned
Shree Siddhivinayak Enterprises - MumbaiProposed LT Bk     CRISIL BB      7.5     Assigned
                                        Loan Fac
Shree Umiya Cotspin Pvt Ltd             CC                 CRISIL BB      70      Rating
                                                                                  Migrated
Issuer Not Cooperating
Shree Umiya Cotspin Pvt Ltd             TL                 CRISIL BB      195     Rating
                                                                                  Migrated
Issuer Not Cooperating
Shree Venkateshwara Shikshan Sanstha    TL                 CRISIL D       153.8   Rating
                                                                                  Migrated
Issuer Not Cooperating
Shri Jagdamba Pulse Mill                CC                 CRISIL B       50      Assigned
Simalin Chemical Industries Pvt Ltd     CC                 CRISIL BBB+    122.5   Upgraded from
                                                                                  CRISIL BBB
Simalin Chemical Industries Pvt Ltd     Proposed LT Bk     CRISIL BBB+    37.5    Upgraded from
                                        Loan Fac                                  CRISIL BBB
SMH Shipping Pvt Ltd                    Foreign LOC        CRISIL B-      200     Rating
                                                                                  Migrated
Issuer Not Cooperating
SNS Infra Projects Pvt Ltd              Proposed CC Limit  CRISIL BB+     20      Assigned
SNS Infra Projects Pvt Ltd              Cash TL            CRISIL BB+     1.4     Assigned
SNS Infra Projects Pvt Ltd              CC                 CRISIL BB+     25      Assigned
Solenis Chemicals India Pvt Ltd         CC                 CRISIL BB-     50      Reaffirmed
Solvay Specialities India Pvt Ltd       LT Bk Fac          CRISIL AA      3500    Reaffirmed
Outlook revised from Stable
SPEL Semiconductor Ltd                  Proposed LT Bk     CRISIL C       450     Reaffirmed
                                        Loan Fac
Rating Withdrawn
SPEL Semiconductor Ltd                  Proposed ST Bk     CRISIL C       150     Reaffirmed
                                        Loan Fac
Rating Withdrawn
Sreeragam Exports Pvt Ltd               Bill Discounting   CRISIL BBB-    310     Reaffirmed
Sreeragam Exports Pvt Ltd               Export Packing     CRISIL BBB-    250     Reaffirmed
                                        Credit
Sri Raja Rajeshwara Cotton Industries   CC                 CRISIL BB-     100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Steel Products Ltd                      BG                 CRISIL B-      100     Rating
                                                                                  Migrated
Issuer Not Cooperating
Steel Products Ltd                      CC                 CRISIL B-      115     Rating
                                                                                  Migrated
Issuer Not Cooperating
Sundaram Packaging India Pvt Ltd        CC                 CRISIL BBB     195.5   Reaffirmed
T.V.A.N. Jewellers                      CC                 CRISIL BB      4       Upgraded from
                                                                                  CRISIL BB-
T.V.A.N. Jewellers                      LT Loan            CRISIL BB      2.85    Upgraded from
                                                                                  CRISIL BB-
TeamLease Services Ltd                  Proposed LT Bk     CRISIL A-      200     Reaffirmed
                                        Loan Fac
Outlook revised from Stable
Technocon Services                      CC                 CRISIL BBB-    130     Reaffirmed
Terra Developers                        LT Loan            CRISIL B+      200     Migrated from
                                                                                  CRISIL
                                                                                  BB-/Stable
ISSUER NOT COOPERATING*
Issuer Not Cooperating
Tex Corp Ltd                            Buyer`s Credit     CRISIL BBB     50      Reaffirmed
Outlook revised from Stable
Tex Corp Ltd                            CC                 CRISIL BBB     50      Reaffirmed
Outlook revised from Stable
Tex Corp Ltd                            CC/ Overdraft Fac  CRISIL BBB     50      Reaffirmed
Outlook revised from Stable
Tex Corp Ltd                            External           CRISIL BBB     180     Reaffirmed
                                        Commercial
                                        Borrowings
Outlook revised from Stable
Tex Corp Ltd                            LT Loan            CRISIL BBB     40      Reaffirmed
Outlook revised from Stable
Tropilite Foods Pvt Ltd                 CC                 CRISIL BBB     150     Reaffirmed
Tropilite Foods Pvt Ltd                 TL                 CRISIL BBB     70      Reaffirmed
Tube Turn India Pvt Ltd                 CC                 CRISIL BB-     20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Unik Traders                            CC                 CRISIL B       200     -
Rating reaffirmed and Withdrawn
Utility Projects and Services Pvt Ltd   CC/ Overdraft Fac  CRISIL BB      7.5     Assigned
Utkarsh India Ltd                       CC                 CRISIL BBB+    1750    Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating,Rating
Utkarsh India Ltd                       LT Loan            CRISIL BBB+    500     Migrated from
                                                                                  CRISIL BBB+
Issuer Not Cooperating,Rating
Utkarsh India Ltd                       Proposed LT Bk     CRISIL BBB+    77.3    Migrated from
                                        Loan Fac                                  CRISIL BBB+
Issuer Not Cooperating,Rating
Vax Consultants Pvt Ltd                 Secured Overdraft  CRISIL B+      25      Reaffirmed
                                        Fac
Venkat Reddy Pasunuri                   TL                 CRISIL BB+     38      Assigned
Venkat Reddy Pasunuri                   Proposed LT Bk     CRISIL BB+     9.5     Assigned
                                        Loan Fac
Venkat Reddy Pasunuri                   Secured Overdraft  CRISIL BB+     12.5    Assigned
                                        Fac
Venkata Narayana Active Ingredients Pvt Proposed LT Bk     CRISIL BBB-    474.7   Assigned
Ltd                                     Loan Fac
Venkata Narayana Active Ingredients Pvt CC                 CRISIL BBB-    160     Assigned
Ltd
Venkata Narayana Active Ingredients Pvt LT Loan            CRISIL BBB-    308.3   Assigned
Ltd
VHP Real Estate (JV)                    Proposed LT Bk     CRISIL BB-     2.5     Rating
                                        Loan Fac                                  Migrated
Issuer Not Cooperating
VHP Real Estate (JV)                    TL                 CRISIL BB-     20      Rating
                                                                                  Migrated
Issuer Not Cooperating
Vicky Roadways                          CC                 CRISIL BB-     110     Reaffirmed
Vighneshwar Ispat Pvt Ltd               CC                 CRISIL BB-     45      Assigned
Vighneshwar Ispat Pvt Ltd               Proposed LT Bk     CRISIL BB-     55      Assigned
                                        Loan Fac
Vineet Automobiles Pvt Ltd              Drop Line          CRISIL B+      80      Withdrawn
                                        Overdraft Fac
Rating Withdrawn
Vineet Automobiles Pvt Ltd              Electronic Dealer  CRISIL B+      120     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
Rating Withdrawn
Vishwaraj Developers                    Proposed LT Bk     CRISIL B       10      Withdrawn
                                        Loan Fac
Vishwaraj Developers                    TL                 CRISIL B       290     Withdrawn
Youvaakshi Refineries India Pvt Ltd     Proposed CC Limit  CRISIL B       600     Assigned
Youvakkshi Marketing India Pvt Ltd      Proposed LT Bk     CRISIL B       150     Assigned
                                        Loan Fac
Youvakshhii Digital India Pvt Ltd       Proposed LT Bk     CRISIL B       300     Assigned
                                        Loan Fac
Youvakshi Exports And Iimports India    Proposed LT Bk     CRISIL B       150     Assigned
Pvt Ltd                                 Loan Fac
Youvakshi Food Products India Pvt Ltd   Proposed CC Limit  CRISIL B       300     Assigned
Youvakshi Godowns India Pvt Ltd         Proposed CC Limit  CRISIL B       300     Assigned
Youvakshi Infra Projects Pvt Ltd        Proposed LT Bk     CRISIL B       250     Assigned
                                        Loan Fac
Youvakshi News Broadcasting India Pvt   Proposed CC Limit  CRISIL B       150     Assigned
Ltd
Youvakshi News Broadcasting India Pvt   Proposed LT Bk     CRISIL B       150     Assigned
Ltd                                     Loan Fac
Youvakshi Shopping Malls India Pvt Ltd  Proposed CC Limit  CRISIL B       300     Assigned
Youvakshi Vegetable Basket Pvt Ltd      Proposed LT Bk     CRISIL B       150     Assigned
                                        Loan Fac
Youvakshi-A-Mines India Pvt Ltd         Proposed LT Bk     CRISIL B       90      Assigned
                                        Loan Fac

--------------------------------------------------------------------------------------------
$: 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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