March 6, 2020 / 7:39 AM / a month ago

CRISIL ratings for Indian debt instruments-Mar 6

    Mar 6 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of March 5, 2020.


COMPANY                                INSTRUMENT        RATING         AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                 ----------        ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Abacus                                 BG                CRISIL A4     11
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Accent Microcell Pvt Ltd               BG                CRISIL A4     5
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Accent Microcell Pvt Ltd               LOC               CRISIL A4     70
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Admark Ceramic Industries              BG                CRISIL A4     21
Issuer Not Cooperating
Ajith Cars Pvt Ltd                     Overdraft         CRISIL A4     50
Issuer Not Cooperating
Alfa Electronic Services India Pvt Ltd BG                CRISIL A4     40
Issuer Not Cooperating
Alina Pvt Ltd                          LOC               CRISIL A3+    140    Reaffirmed
Al-Quresh Exports                      Foreign Exchange  CRISIL A4     300
                                       Forward
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Amman Fabrics India Pvt Ltd            Bill Discounting  CRISIL A4     30
Issuer Not Cooperating
Amman Fabrics India Pvt Ltd            Export Packing    CRISIL A4     40
                                       Credit
Issuer Not Cooperating
Anand and Associates                   BG                CRISIL A4     34.5
Issuer Not Cooperating
Anil Steels Pvt Ltd                    LOC & BG          CRISIL A4     110
Issuer Not Cooperating
Ankit Gems Pvt Ltd                     Foreign Exchange  CRISIL A2     100    Reaffirmed
                                       Forward
Ankit Gems Pvt Ltd                     Post Shipment     CRISIL A2     2145   Reaffirmed
                                       Credit
Ankit Gems Pvt Ltd                     Proposed Export   CRISIL A2     50     Reaffirmed
                                       Packing Credit
Antila Ceramic Pvt Ltd                 BG                CRISIL A4     22.5
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Anukool India Pvt Ltd                  BG                CRISIL A4     40
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Anukool India Pvt Ltd                  LOC               CRISIL A4     30
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Arctic Agro Foods Pvt Ltd              Packing Credit    CRISIL A4     14
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Arihant Industries - Bhavnagar         BG                CRISIL A4     20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Ashbee Industries India Pvt Ltd        LOC & BG          CRISIL A4     70
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Ashirbad Real Estate And Transport Pvt BG                CRISIL A4     23.5
Ltd
Issuer Not Cooperating
Ashte Logistics Pvt Ltd                Overdraft         CRISIL A3     50     Reaffirmed
Astra Microwave Products Ltd           CP                CRISIL A1     200    Reaffirmed
Astra Microwave Products Ltd           BG                CRISIL A1     5600   Reaffirmed
Atlantic Fabrics                       Packing Credit    CRISIL A4     30
Issuer Not Cooperating
Axle Paper Pvt Ltd                     BG                CRISIL A4     8
Issuer Not Cooperating
Baba Aerospace And Technologies Pvt LtdBG                CRISIL A4     5.2
Issuer Not Cooperating
Baba Anandeshwar Plastics Pvt Ltd      Proposed ST Bk    CRISIL A4     45
                                       Loan Fac
Issuer Not Cooperating
Banmore Foam Pvt Ltd                   LOC               CRISIL A4     16
Issuer Not Cooperating
BDH Industries Ltd                     BG                CRISIL A3     25     Reaffirmed
BDH Industries Ltd                     Export Bill       CRISIL A3     25     Reaffirmed
                                       Purchase
BDH Industries Ltd                     Export Packing    CRISIL A3     60     Reaffirmed
                                       Credit
BDH Industries Ltd                     LOC               CRISIL A3     10     Reaffirmed
Believe Infraprojects Pvt Ltd          BG                CRISIL A4     20
Issuer Not Cooperating
Bhagwati Cotton and Spinning Mills Pvt BG                CRISIL A4     2.5
Ltd
Issuer Not Cooperating
Bhagwati Cotton and Spinning Mills Pvt LOC               CRISIL A4     70
Ltd
Issuer Not Cooperating
Bharat Construction Co. - Rajkot       BG                CRISIL A4     10
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Bharat Infrastructure And Engineers    BG                CRISIL A4     40
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Bhatinda Ceramics Pvt Ltd              BG                CRISIL A4     25
Issuer Not Cooperating
Bhinmal Contractors Property And Land  BG                CRISIL A4     50
Developers Pvt Ltd
Issuer Not Cooperating
Bihari Lal Menghani                    BG                CRISIL A4+    105    Reaffirmed
Bilal Match Works                      BG                CRISIL A4     4.8
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Bilal Match Works                      LOC               CRISIL A4     35
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Bisazza India Pvt Ltd                  BG                CRISIL A4     40
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Blue Ocean Biotech Pvt Ltd             LOC               CRISIL A4     17.5
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Choice Diamond                         Post Shipment     CRISIL A4+    368
                                       Credit
Downgraded from 'CRISIL A3'
Choice Diamond                         Pre Shipment CrediCRISIL A4+    468
Downgraded from 'CRISIL A3'
D. Navinchandra Exports Pvt Ltd        Post Shipment     CRISIL A2     760    Reaffirmed
                                       Credit
Elegant Coatings Pvt Ltd               LOC               CRISIL A3+    100    Reaffirmed
Exim Overseas Pvt Ltd                  Export Packing    CRISIL A4+    180
                                       Credit
Rating reaffirmed and Withdrawn
Exim Overseas Pvt Ltd                  Proposed ST Bk    CRISIL A4+    5
                                       Loan Fac
Rating reaffirmed and Withdrawn
Four Star International                BG                CRISIL A4+    2.5    Reaffirmed
Four Star International                Foreign Usance    CRISIL A4+    210    Reaffirmed
                                       Bills Purchase -
                                       Discounting
Four Star International                Inland/ Import LOCCRISIL A4+    7.5    Reaffirmed
Four Star International                Packing Credit    CRISIL A4+    200    Reaffirmed
Four Star International Ltd            Export Packing    CRISIL A4+    187.2  Reaffirmed
                                       Credit
Four Star International Ltd            Foreign Usance    CRISIL A4+    70     Reaffirmed
                                       Bills Purchase -
                                       Discounting
Four Star International Ltd            Proposed ST Bk    CRISIL A4+    208.3  Reaffirmed
                                       Loan Fac
G. B. Construction                     BG                CRISIL A4+    80     Reaffirmed
G.K. Shetty Builders Pvt Ltd           BG                CRISIL A4+    20     Reaffirmed
G.K. Shetty Builders Pvt Ltd           LOC               CRISIL A4+    5      Reaffirmed
G.K. Shetty Builders Pvt Ltd           Proposed LOC      CRISIL A4+    20     Reaffirmed
GMR Air Cargo and Aerospace EngineeringWC Fac            CRISIL A1+    300    Assigned
Ltd
Gold Star Cottex Ltd                   Bill Discounting  CRISIL A4+    40     Reaffirmed
Gold Star Cottex Ltd                   Export Packing    CRISIL A4+    40     Reaffirmed
                                       Credit
Gold Star Cottex Ltd                   Packing Credit    CRISIL A4+    120    Reaffirmed
HDB Financial Services Ltd             CP                CRISIL A1+    125000
IRB Infrastructure Developers Ltd      BG                CRISIL A1     12000  Reaffirmed
Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed
IRB Infrastructure Developers Ltd      Proposed BG       CRISIL A1     9000   Reaffirmed
Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed
Isagro (Asia) Agrochemicals Pvt Ltd    LOC               CRISIL A1+    80
Upgraded from 'CRISIL A1';  Removed from  'Rating Watch with Positive Implications'
Isagro (Asia) Agrochemicals Pvt Ltd    Proposed NFBL     CRISIL A1+    170
Upgraded from 'CRISIL A1';  Removed from  'Rating Watch with Positive Implications'
K. R. Construction                     BG                CRISIL A4+    1800
Rating reaffirmed and Withdrawn
K. R. Construction                     CC                CRISIL A4+    200
Rating reaffirmed and Withdrawn
K.Remash Babu                          BG                CRISIL A4     31
Issuer Not Cooperating; Rating Migrated
Kamla Construction                     BG                CRISIL A4+    130
Rating reaffirmed and Withdrawn
Kamla Construction                     CC                CRISIL A4+    50
Rating reaffirmed and Withdrawn
Konark Structural Engineers Pvt Ltd    BG                CRISIL A4+    300
Rating reaffirmed and Withdrawn
Konark Structural Engineers Pvt Ltd    CC                CRISIL A4+    50
Rating reaffirmed and Withdrawn
Milestones Engineering Pvt Ltd         BG                CRISIL A4+    50
Rating reaffirmed and Withdrawn
Milestones Engineering Pvt Ltd         CC                CRISIL A4+    12
Rating reaffirmed and Withdrawn
Milestones Engineering Pvt Ltd         LOC               CRISIL A4+    2.5
Rating reaffirmed and Withdrawn
Milestones Engineering Pvt Ltd         Proposed LT Bk    CRISIL A4+    10.5
                                       Loan Fac
Rating reaffirmed and Withdrawn
Mrs.Bectors Food Specialities Ltd      BG                CRISIL A1     35     Reaffirmed
Mrs.Bectors Food Specialities Ltd      LOC**             CRISIL A1     100    Reaffirmed
**Includes Rs 7.5 crore of sublimit for bank guarantee
Mrs.Bectors Food Specialities Ltd      ST Bk Fac         CRISIL A1     105    Reaffirmed
Netcon Technologies India Pvt Ltd      BG                CRISIL A4+    70     Assigned
Netcon Technologies India Pvt Ltd      LOC               CRISIL A4+    50     Assigned
Oswin Wood Panels Pvt Ltd              LOC               CRISIL A4+    30.5   Reaffirmed
Parishi Diamond - Surat                Post Shipment     CRISIL A3     740    Reaffirmed
                                       Credit
Parishi Diamond - Surat                Pre Shipment CrediCRISIL A3     60     Reaffirmed
Parishi Diamond - Surat                Proposed ST Bk    CRISIL A3     100    Reaffirmed
                                       Loan Fac
Pragati Enterprises                    BG                CRISIL A4+    200
Rating reaffirmed and Withdrawn
Pragati Enterprises                    CC                CRISIL A4+    50
Rating reaffirmed and Withdrawn
R.R.Thulasi Builders India Pvt Ltd     BG                CRISIL A3+    250    Reaffirmed
Ratnakala Exports Pvt Ltd              Foreign Exchange  CRISIL A2     66.8   Reaffirmed
                                       Forward
RG Shah Infratech Pvt Ltd              BG                CRISIL A4+    100
Rating reaffirmed and Withdrawn
RG Shah Infratech Pvt Ltd              CC                CRISIL A4+    60
Rating reaffirmed and Withdrawn
RG Shah Infratech Pvt Ltd              Proposed BG       CRISIL A4+    340
Rating reaffirmed and Withdrawn
Rubino Industries Pvt Ltd              LOC               CRISIL A4+    205    Reaffirmed
S. K. Tuff Pvt Ltd                     BG                CRISIL A4+    10     Reaffirmed
S. K. Tuff Pvt Ltd                     LOC Bill          CRISIL A4+    5      Reaffirmed
                                       Discounting
Shree Krishna Rolling Mills (Jaipur )  BG                CRISIL A4+    100    Reaffirmed
Ltd
Sterling Indo Tech Consultants Pvt Ltd BG                CRISIL A4+    30     Assigned
Sterling Indo Tech Consultants Pvt Ltd Overdraft         CRISIL A4+    26     Assigned
Sterlite Technologies Ltd              CP Programme      CRISIL A1+    4500   Reaffirmed
TAL Manufacturing Solutions Ltd        Bill Discounting  CRISIL A1     150    Reaffirmed
Continues on 'Rating Watch with Positive Implications'
TAL Manufacturing Solutions Ltd        LOC & BG          CRISIL A1     3000   Reaffirmed
Continues on 'Rating Watch with Positive Implications'
The Bell Match Company                 Packing Credit    CRISIL A4     55
Issuer Not Cooperating
Trans Asian Shipping Services Pvt Ltd  BG                CRISIL A4+    5.8
Issuer Not Cooperating; Migrated from 'CRISIL A2'
Unicorn Infosolutions Pvt Ltd          Overdraft         CRISIL A3     50     Reaffirmed

LONG TERM RATINGS:
-------------------
A C Steels                             CC                CRISIL B+/    110
                                                         Stable
Issuer Not Cooperating
A.B. Rice Mills                        CC                CRISIL B+/    80
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
A.T. Trade Overseas Pvt Ltd            CC                CRISIL BB+/   60
                                                         Stable
Reaffirmed and Withdrawn
A.T. Trade Overseas Pvt Ltd            LOC               CRISIL BB+/   1220
                                                         Stable
Reaffirmed and Withdrawn
A.T. Trade Overseas Pvt Ltd            LOC               CRISIL BB+/   620
                                                         Stable
Reaffirmed and Withdrawn
Abacus                                 CC                CRISIL B+/    15.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Abacus                                 Proposed CC Limit CRISIL B+/    31
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Abacus                                 TL                CRISIL B+/    23.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Abi and Abi Motors                     CC                CRISIL B+/    100
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Abi and Abi Motors                     Inventory Funding CRISIL B+/    50
                                       Fac               Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Abi and Abi Motors                     LT Loan           CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Accent Microcell Pvt Ltd               CC                CRISIL B+/    92.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Accent Microcell Pvt Ltd               Proposed LT Bk    CRISIL B+/    40
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Accent Microcell Pvt Ltd               TL                CRISIL B+/    1.7
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
AD Merchant India Pvt Ltd              CC                CRISIL B+/    25
                                                         Stable
Issuer Not Cooperating
AD Merchant India Pvt Ltd              Proposed LT Bk    CRISIL B+/    25
                                       Loan Fac          Stable
Issuer Not Cooperating
Admark Ceramic Industries              CC                CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating
Admark Ceramic Industries              TL                CRISIL B+/    72.5
                                                         Stable
Issuer Not Cooperating
Adya Bhawan Ltd                        CC                CRISIL B+/    20
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Adya Bhawan Ltd                        Proposed LT Bk    CRISIL B+/    50
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Adya Bhawan Ltd                        TL                CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Agrawal Cotex                          CC                CRISIL B+/    70
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
AGS Transact Technologies Ltd          WC Fac            CRISIL A+/    3650   Assigned
                                                         Stable
AGS Transact Technologies Ltd          Proposed LT Bk    CRISIL A+/    1945.6 Assigned
                                       Loan Fac          Stable
AGS Transact Technologies Ltd          TL                CRISIL A+/    3404.4 Assigned
                                                         Stable
Aims Beverages                         CC                CRISIL B/     20
                                                         Stable
Issuer Not Cooperating
Aims Beverages                         LT Loan           CRISIL B/     79.5
                                                         Stable
Issuer Not Cooperating
Aims Beverages                         Proposed LT Bk    CRISIL B/     0.5
                                       Loan Fac          Stable
Issuer Not Cooperating
Aisshpra Life Spaces                   TL                CRISIL B/     300
                                                         Stable
Issuer Not Cooperating
Ajanta Print Arts                      CC                CRISIL B+/    60
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Ajanta Print Arts                      Overdraft         CRISIL B+/    60
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Ajanta Print Arts                      Proposed LT Bk    CRISIL B+/    36.7
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Ajanta Print Arts                      TL                CRISIL B+/    143.3
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Ajay Associates                        CC                CRISIL B/     50
                                                         Stable
Issuer Not Cooperating
Ajith Cars Pvt Ltd                     CC                CRISIL B+/    150
                                                         Stable
Issuer Not Cooperating
Akar Infra And Realty                  Overdraft         CRISIL B+/    100
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Akar Infra And Realty                  TL                CRISIL B+/    20
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Akilesh Selva Maligi                   CC                CRISIL B/     100
                                                         Stable
Issuer Not Cooperating
Akshkuber Sortex Pvt Ltd               CC                CRISIL B/     50
                                                         Stable
Issuer Not Cooperating
Akshkuber Sortex Pvt Ltd               TL                CRISIL B/     75
                                                         Stable
Issuer Not Cooperating
Aksigen Hospital Care                  CC                CRISIL B+/    50
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Aksigen Hospital Care                  Proposed CC Limit CRISIL B+/    70
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Al Manama Wedding Center               CC                CRISIL B+/    120
                                                         Stable
Issuer Not Cooperating
Al Manama Wedding Center               LT Loan           CRISIL B+/    40
                                                         Stable
Issuer Not Cooperating
Al Manama Wedding Center               Rupee TL          CRISIL B+/    40
                                                         Stable
Issuer Not Cooperating
Al Waris Exports                       CC                CRISIL B/     16
                                                         Stable
Issuer Not Cooperating
Al Waris Exports                       Proposed WC Fac   CRISIL B/     44
                                                         Stable
Issuer Not Cooperating
Albus India Ltd                        CC                CRISIL D      110
Issuer Not Cooperating
Albus India Ltd                        TL                CRISIL D      110
Issuer Not Cooperating
Alfa Electronic Services India Pvt Ltd CC                CRISIL B+/    75
                                                         Stable
Issuer Not Cooperating
Ali Agency                             CC                CRISIL D      160
Issuer Not Cooperating
Alina Pvt Ltd                          Export Packing    CRISIL BBB/   360    Reaffirmed
                                       Credit & Export   Stable
                                       Bills Negotiation/ Foreign Bill discounting
Alliance Industrial Marketing          Electronic Dealer CRISIL B+/    108
                                       Financing         Stable
                                       Scheme(e-DFS)
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Allied Recycling Ltd                   CC                CRISIL BB/    150
                                                         Stable
Rating reaffirmed and Withdrawn
Allied Recycling Ltd                   LT Loan           CRISIL BB/    32.5
                                                         Stable
Rating reaffirmed and Withdrawn
Allied Recycling Ltd                   Proposed CC Limit CRISIL BB/    100
                                                         Stable
Rating reaffirmed and Withdrawn
Allied Recycling Ltd                   Proposed LT Bk    CRISIL BB/    67.5
                                       Loan Fac          Stable
Rating reaffirmed and Withdrawn
Alpinehill Garments Pvt Ltd            Proposed CC Limit CRISIL B/     120
                                                         Stable
Issuer Not Cooperating
Al-Quresh Exports                      Bill Discounting  CRISIL B+/    350
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Al-Quresh Exports                      LT Loan           CRISIL B+/    50
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Aly Microns LLP                        CC                CRISIL B/     50
                                                         Stable
Issuer Not Cooperating; Rating Migrated
Aly Microns LLP                        LT Loan           CRISIL B/     110
                                                         Stable
Issuer Not Cooperating; Rating Migrated
Amala Granites Products                CC                CRISIL B/     10
                                                         Stable
Issuer Not Cooperating
Amala Granites Products                Proposed LT Bk    CRISIL B/     9
                                       Loan Fac          Stable
Issuer Not Cooperating
Amala Granites Products                Rupee TL          CRISIL B/     41
                                                         Stable
Issuer Not Cooperating
Ambe Textile                           CC                CRISIL B+/    22.5
                                                         Stable
Issuer Not Cooperating
Ambe Textile                           Proposed LT Bk    CRISIL B+/    67.5
                                       Loan Fac          Stable
Issuer Not Cooperating
Anand and Associates                   CC                CRISIL B/     25
                                                         Stable
Issuer Not Cooperating
Anand and Associates                   Proposed LT Bk    CRISIL B/     0.5
                                       Loan Fac          Stable
Issuer Not Cooperating
Anand Electricals                      BG                CRISIL D      10
Issuer Not Cooperating
Anand Electricals                      CC                CRISIL D      20
Issuer Not Cooperating
Anand Electricals                      LOC               CRISIL D      20
Issuer Not Cooperating
Anand Electricals                      Proposed LT Bk    CRISIL D      100
                                       Loan Fac
Issuer Not Cooperating
Angel Promoters Pvt Ltd                TL                CRISIL C      200
Issuer Not Cooperating
Anil Steels Pvt Ltd                    CC                CRISIL B+/    150
                                                         Stable
Issuer Not Cooperating
Ankit Gems Pvt Ltd                     Export Packing    CRISIL BBB+/  2155   Reaffirmed
                                       Credit            Stable
Outlook revised from 'Positive' and rating reaffirmed
Annapurna Cotex Pvt Ltd                CC                CRISIL B+/    110
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Annapurna Cotex Pvt Ltd                Proposed LT Bk    CRISIL B+/    1.2
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Annapurna Cotex Pvt Ltd                TL                CRISIL B+/    34.9
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Antila Ceramic Pvt Ltd                 CC                CRISIL B+/    50
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Antila Ceramic Pvt Ltd                 TL                CRISIL B+/    37.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Anukool India Pvt Ltd                  CC                CRISIL B+/    85
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Apollo Conveyor Pvt Ltd                CC                CRISIL D      11.5
Issuer Not Cooperating
Apollo Conveyor Pvt Ltd                Proposed LT Bk    CRISIL D      29.5
                                       Loan Fac
Issuer Not Cooperating
Apollo Conveyor Pvt Ltd                TL                CRISIL D      79
Issuer Not Cooperating
Arabian Jewellers -Karunagappally      CC                CRISIL B/     100
                                                         Stable
Issuer Not Cooperating
Arabian Jewellers -Pathanamthitta      CC                CRISIL B+/    80
                                                         Stable
Issuer Not Cooperating
Arabian Jewellers -Pathanamthitta      Proposed LT Bk    CRISIL B+/    20
                                       Loan Fac          Stable
Issuer Not Cooperating
Arasu Jewels                           CC                CRISIL B/     70
                                                         Stable
Issuer Not Cooperating
Archana Oil Industries                 CC                CRISIL B+/    150
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Arctic Agro Foods Pvt Ltd              Bill Discounting  CRISIL B+/    24.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Arctic Agro Foods Pvt Ltd              CC                CRISIL B+/    2.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Arctic Agro Foods Pvt Ltd              Proposed LT Bk    CRISIL B+/    26
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Arctic Agro Foods Pvt Ltd              TL                CRISIL B+/    83
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Arham Non Woven Pvt Ltd                CC                CRISIL D      30
Issuer Not Cooperating
Arham Non Woven Pvt Ltd                TL                CRISIL D      115.5
Issuer Not Cooperating
Arihant Industries - Bhavnagar         CC                CRISIL B+/    50
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Arvind Cottex                          CC                CRISIL B/     50
                                                         Stable
Issuer Not Cooperating
Arya Green Energy                      CC                CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating
Arya Green Energy                      Proposed LT Bk    CRISIL B+/    25
                                       Loan Fac          Stable
Issuer Not Cooperating
Arya Green Energy                      TL                CRISIL B+/    45
                                                         Stable
Issuer Not Cooperating
Asha Enterprises                       TL                CRISIL B-/    80
                                                         Stable
Issuer Not Cooperating
Ashbee Industries India Pvt Ltd        CC                CRISIL B+/    43.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Ashbee Industries India Pvt Ltd        Rupee TL          CRISIL B+/    6.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Ashirbad Real Estate And Transport Pvt CC                CRISIL B+/    20
Ltd                                                      Stable
Issuer Not Cooperating
Ashirbad Real Estate And Transport Pvt LT Loan           CRISIL B+/    74
Ltd                                                      Stable
Issuer Not Cooperating
Ashirbad Real Estate And Transport Pvt Proposed BG       CRISIL B+/    162.5
Ltd                                                      Stable
Issuer Not Cooperating
Ashirbad Real Estate And Transport Pvt Proposed CC Limit CRISIL B+/    40
Ltd                                                      Stable
Issuer Not Cooperating
Ashte Logistics Pvt Ltd                LT Loan           CRISIL BBB-/  100    Reaffirmed
                                                         Stable
Ashte Logistics Pvt Ltd                Proposed LT Bk    CRISIL BBB-/  80     Reaffirmed
                                       Loan Fac          Stable
Astra Microwave Products Ltd           CC                CRISIL A/     950    Reaffirmed
                                                         Stable
Astra Microwave Products Ltd           Proposed LT Bk    CRISIL A/     23.8   Reaffirmed
                                       Loan Fac          Stable
Astra Microwave Products Ltd           TL                CRISIL A/     71.3   Reaffirmed
                                                         Stable
Atlantic Fabrics                       Proposed LT Bk    CRISIL B/     20
                                       Loan Fac          Stable
Issuer Not Cooperating
Avi Technologies                       CC                CRISIL B/     15
                                                         Stable
Issuer Not Cooperating
Avi Technologies                       LT Loan           CRISIL B/     75
                                                         Stable
Issuer Not Cooperating
AVK Ispat Pvt Ltd                      CC                CRISIL B+/    27.8
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
AVK Ispat Pvt Ltd                      Proposed LT Bk    CRISIL B+/    92.2
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Awadh Enterprises - Varanasi           CC                CRISIL B/     112.5  Reaffirmed
                                                         Stable
Issuer Not Cooperating
Awadh Enterprises - Varanasi           Proposed LT Bk    CRISIL B/     12.5   Reaffirmed
                                       Loan Fac          Stable
Issuer Not Cooperating
Axle Paper Pvt Ltd                     CC                CRISIL B+/    45
                                                         Stable
Issuer Not Cooperating
Axle Paper Pvt Ltd                     Proposed LT Bk    CRISIL B+/    3
                                       Loan Fac          Stable
Issuer Not Cooperating
Axle Paper Pvt Ltd                     TL                CRISIL B+/    74
                                                         Stable
Issuer Not Cooperating
Baba Aerospace And Technologies Pvt LtdCC                CRISIL B-/    6
                                                         Stable
Issuer Not Cooperating
Baba Aerospace And Technologies Pvt LtdLT Loan           CRISIL B-/    85
                                                         Stable
Issuer Not Cooperating
Baba Aerospace And Technologies Pvt LtdProposed LT Bk    CRISIL B-/    3.8
                                       Loan Fac          Stable
Issuer Not Cooperating
Baba Anandeshwar Plastics Pvt Ltd      CC                CRISIL B/     10
                                                         Stable
Issuer Not Cooperating
Baba Anandeshwar Plastics Pvt Ltd      TL                CRISIL B/     45
                                                         Stable
Issuer Not Cooperating
Bajrang Pulses and Agro Products Pvt LtCC                CRISIL B+/    100
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Bajrangbali Re-Rollers Pvt Ltd         CC                CRISIL B+/    64
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Bala Balajee Textiles Ltd              BG                CRISIL D      13.9
Issuer Not Cooperating
Bala Balajee Textiles Ltd              CC                CRISIL D      130
Issuer Not Cooperating
Bala Balajee Textiles Ltd              LOC               CRISIL D      15
Issuer Not Cooperating
Bala Balajee Textiles Ltd              Proposed CC Limit CRISIL D      66.4
Issuer Not Cooperating
Bala Balajee Textiles Ltd              TL                CRISIL D      214.7
Issuer Not Cooperating
Balaji Motors - Rewari                 Inventory Funding CRISIL B+/    100    Reaffirmed
                                       Fac               Stable
Issuer Not Cooperating
Balaji Motors - Rewari                 Proposed WC Fac   CRISIL B+/    50     Reaffirmed
                                                         Stable
Issuer Not Cooperating
Balu Compendium                        Proposed Rupee TL CRISIL B/     300
                                                         Stable
Issuer Not Cooperating
Banmore Foam Pvt Ltd                   CC                CRISIL B+/    50
                                                         Stable
Issuer Not Cooperating
Banmore Foam Pvt Ltd                   LOC#              CRISIL B+/    15
                                                         Stable
Issuer Not Cooperating; #Interchangeable with cash credit limits
Banmore Foam Pvt Ltd                   Proposed LT Bk    CRISIL B+/    1.5
                                       Loan Fac          Stable
Issuer Not Cooperating
Banmore Foam Pvt Ltd                   Standby Line of   CRISIL B+/    2.5
                                       Credit            Stable
Issuer Not Cooperating
Banmore Foam Pvt Ltd                   TL                CRISIL B+/    15
                                                         Stable
Issuer Not Cooperating
Bansal Foods (India)                   CC                CRISIL B+/    45
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bansal Foods (India)                   LT Loan           CRISIL B+/    10
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Banshidhar Construction Pvt Ltd        LT Loan           CRISIL B+/    87.5
                                                         Stable
Issuer Not Cooperating
BDH Industries Ltd                     CC                CRISIL BBB-/  5      Reaffirmed
                                                         Stable
BDH Industries Ltd                     Export Bill       CRISIL BBB-/  25     Reaffirmed
                                       Negotiation       Stable
BDH Industries Ltd                     Proposed LT Bk    CRISIL BBB-/  250    Reaffirmed
                                       Loan Fac          Stable
Believe Infraprojects Pvt Ltd          CC                CRISIL B+/    40
                                                         Stable
Issuer Not Cooperating
Bhagat Ram Motor Ways Pvt Ltd          CC                CRISIL B+/    60
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bhagat Ram Motor Ways Pvt Ltd          TL                CRISIL B+/    45
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bhagwati Cotton and Spinning Mills Pvt CC                CRISIL B/     100
Ltd                                                      Stable
Issuer Not Cooperating
Bhagwati Cotton and Spinning Mills Pvt Proposed LT Bk    CRISIL B/     31.8
Ltd                                    Loan Fac          Stable
Issuer Not Cooperating
Bhagwati Cotton and Spinning Mills Pvt TL                CRISIL B/     295.7
Ltd                                                      Stable
Issuer Not Cooperating
Bhagyalaxmi Brinechem Pvt Ltd          CC                CRISIL B/     70
                                                         Stable
Issuer Not Cooperating
Bhagyalaxmi Brinechem Pvt Ltd          TL                CRISIL B/     40
                                                         Stable
Issuer Not Cooperating
Bhai Industries Pvt Ltd                CC                CRISIL B/     60
                                                         Stable
Issuer Not Cooperating
Bhai Kanhaiya Sewa Society             Overdraft         CRISIL D      15
Issuer Not Cooperating
Bhai Kanhaiya Sewa Society             Proposed LT Bk    CRISIL D      1.3
                                       Loan Fac
Issuer Not Cooperating
Bhai Kanhaiya Sewa Society             TL                CRISIL D      53.7
Issuer Not Cooperating
Bhalkeshwar Sugars Ltd                 LT Loan           CRISIL D      180
Issuer Not Cooperating
Bhalkeshwar Sugars Ltd                 TL                CRISIL D      1220
Issuer Not Cooperating
Bhalkeshwar Sugars Ltd                 WC Fac            CRISIL D      600
Issuer Not Cooperating
Bharat Construction Co. - Rajkot       CC                CRISIL B+/    40
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bharat Infrastructure And Engineers    Overdraft         CRISIL B+/    38.5
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bharti Rice Mills                      CC                CRISIL B+/    80
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bhatinda Ceramics Pvt Ltd              CC                CRISIL B+/    27.5
                                                         Stable
Issuer Not Cooperating
Bhatinda Ceramics Pvt Ltd              Proposed LT Bk    CRISIL B+/    18.2
                                       Loan Fac          Stable
Issuer Not Cooperating
Bhatinda Ceramics Pvt Ltd              TL                CRISIL B+/    14.3
                                                         Stable
Issuer Not Cooperating
Bhinmal Contractors Property And Land  Overdraft         CRISIL B/     15
Developers Pvt Ltd                                       Stable
Issuer Not Cooperating
Bhoomidhan Cold Storage                CC                CRISIL B/     24.5
                                                         Stable
Issuer Not Cooperating
Bhoomidhan Cold Storage                Proposed LT Bk    CRISIL B/     29.5
                                       Loan Fac          Stable
Issuer Not Cooperating
Bhoomidhan Cold Storage                TL                CRISIL B/     46
                                                         Stable
Issuer Not Cooperating
Bihari Lal Menghani                    CC                CRISIL BB/    60     Reaffirmed
                                                         Stable
Bilal Match Works                      CC                CRISIL B+/    80
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Bilal Match Works                      Rupee TL          CRISIL B+/    20.2
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Bisazza India Pvt Ltd                  CC                CRISIL B+/    40
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Bisazza India Pvt Ltd                  Proposed LT Bk    CRISIL B+/    20
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Bisazza India Pvt Ltd                  TL                CRISIL B+/    12
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Bismillah Cashew Company               CC                CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bismillah Cashew Company               Proposed CC Limit CRISIL B+/    10
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bismillah Cashew Company               Proposed LT Bk    CRISIL B+/    13
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Bismillah Cashew Company               Proposed TL       CRISIL B+/    17
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/ Stable Issuer Not Cooperating'
Black Energy India Pvt Ltd             CC                CRISIL D      110
Issuer Not Cooperating
Black Energy India Pvt Ltd             Overdraft         CRISIL D      90
Issuer Not Cooperating
Blue Ocean Biotech Pvt Ltd             CC                CRISIL B+/    160
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Blue Ocean Biotech Pvt Ltd             TL                CRISIL B+/    254
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/ Stable Issuer Not Cooperating'
Boulder Realcon Pvt Ltd                TL                CRISIL B/     95
                                                         Stable
Issuer Not Cooperating
Bright 4 Wheel Sales Pvt Ltd           CC                CRISIL B+/    90
                                                         Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Bright 4 Wheel Sales Pvt Ltd           Inventory Funding CRISIL B+/    214.5
                                       Fac               Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Bright 4 Wheel Sales Pvt Ltd           Proposed LT Bk    CRISIL B+/    15.5
                                       Loan Fac          Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/ Stable Issuer Not Cooperating'
Cesare Bonetti India Pvt Ltd           CC                CRISIL B-/    80
                                                         Stable
Issuer Not Cooperating
Cesare Bonetti India Pvt Ltd           TL                CRISIL B-/    372.7
                                                         Stable
Issuer Not Cooperating
Choice Diamond                         Proposed LT Bk    CRISIL BB+/   64
                                       Loan Fac          Negative
Downgraded from 'CRISIL BBB-/ Negative'
D. Navinchandra Exports Pvt Ltd        CC                CRISIL BBB+/  530    Reaffirmed
                                                         Negative
D. Navinchandra Exports Pvt Ltd        Export Packing    CRISIL BBB+/  750    Reaffirmed
                                       Credit            Negative
D. Navinchandra Exports Pvt Ltd        Post Shipment     CRISIL BBB+/  360    Reaffirmed
                                       Credit            Negative
D. Navinchandra Exports Pvt Ltd        Proposed FB Bk    CRISIL BBB+/  760    Reaffirmed
                                       Limits            Negative
D. Navinchandra Exports Pvt Ltd        Standby LOC       CRISIL BBB+/  80     Reaffirmed
                                                         Negative
D. Navinchandra Exports Pvt Ltd        Standby Line of   CRISIL BBB+/  160    Reaffirmed
                                       Credit            Negative
ECR Buildtech Pvt Ltd                  TL                CRISIL B+/    60
                                                         Stable
Migrated from 'CRISIL B+/ Stable Issuer Not Cooperating' 
Elegant Coatings Pvt Ltd               CC                CRISIL BBB/   70     Reaffirmed
                                                         Stable
Elegant Coatings Pvt Ltd               Proposed LT Bk    CRISIL BBB/   2.7    Reaffirmed
                                       Loan Fac          Stable
Elegant Coatings Pvt Ltd               TL                CRISIL BBB/   70     Reaffirmed
                                                         Stable
Extol Industries Ltd                   WC Fac            CRISIL D      125
Issuer Not Cooperating; Downgraded from 'CRISIL C Issuer Not Cooperating'
Four Star International Ltd            CC                CRISIL BB/    127.5  Reaffirmed
                                                         Stable
FSD Building Materials Pvt Ltd         Overdraft         CRISIL D      300
Issuer Not Cooperating; Downgraded from 'CRISIL B+/ Stable Issuer Not Cooperating'
FSD Building Materials Pvt Ltd         Proposed LT Bk    CRISIL D      50
                                       Loan Fac
Issuer Not Cooperating; Downgraded from 'CRISIL B+/ Stable Issuer Not Cooperating'
G. B. Construction                     CC                CRISIL BB+/   20
                                                         Stable
Upgraded from 'CRISIL BB/ Stable'
G.K. Shetty Builders Pvt Ltd           Proposed WC Fac   CRISIL BB+/   35     Reaffirmed
                                                         Stable
GMR Hyderabad Aviation Sez Ltd         TL                CRISIL AA/    550    Assigned
                                                         Stable
H.K. Enterprises                       CC                CRISIL BB+/   20
                                                         Stable
Reaffirmed and Withdrawn
H.K. Enterprises                       LOC               CRISIL BB+/   700
                                                         Stable
Reaffirmed and Withdrawn
H.K. Enterprises                       LOC               CRISIL BB+/   630
                                                         Stable
Reaffirmed and Withdrawn
HDB Financial Services Ltd             LT Bk Fac*        CRISIL AAA/   156300 Reaffirmed
                                                         Stable
*Amount of Rs 1500 crore sanctioned but not yet disbursed from SIDBI
HDB Financial Services Ltd             Proposed LT Bk    CRISIL AAA/   93700  Reaffirmed
                                       Loan Fac          Stable
HDB Financial Services Ltd             Subordinated Debt CRISIL AAA/   35000
                                                         Stable
HDB Financial Services Ltd             Perpetual Bonds   CRISIL AAA/   10000
                                                         Stable
HDB Financial Services Ltd             NCD               CRISIL AAA/   344799.2
                                                         Stable
HDB Financial Services Ltd             LT Principal      CRISIL PP-MLD 30000
                                       Protected Market  AAAr/ Stable
                                       Linked Debentures
IRB Infrastructure Developers Ltd      LT Loan           CRISIL A+/    18531.9Reaffirmed
                                                         Stable
Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed
IRB Infrastructure Developers Ltd      Proposed LT Bk    CRISIL A+/    2468.1 Reaffirmed
                                       Loan Fac          Stable
Removed from 'Rating Watch with Developing Implications'; Rating Reaffirmed
Isagro (Asia) Agrochemicals Pvt Ltd    CC                CRISIL AA-/   455
                                                         Positive
Upgraded from 'CRISIL A'; Removed from 'Rating watch with Positive Implications'; and Rating
Withdrawn
Isagro (Asia) Agrochemicals Pvt Ltd    LOC Bill          CRISIL AA-/   100
                                       Discounting       Positive
Upgraded from 'CRISIL A'; Removed from 'Rating watch with Positive Implications'; and Rating
Withdrawn
Isagro (Asia) Agrochemicals Pvt Ltd    LOC & BG          CRISIL AA-/   100
                                                         Positive
Upgraded from 'CRISIL A'; Removed from 'Rating watch with Positive Implications'; and Rating
Withdrawn
Isagro (Asia) Agrochemicals Pvt Ltd    WC Demand Loan    CRISIL AA-/   1095
                                                         Positive
Upgraded from 'CRISIL A'; Removed from 'Rating watch with Positive Implications'; and Rating
Withdrawn
K.Remash Babu                          CC                CRISIL B+/    30
                                                         Stable
Issuer Not Cooperating; Rating Migrated
Kailash Construction Company           Proposed LT Bk    -             200    Withdrawn
                                       Loan Fac
Karolia Lighting Pvt Ltd               BG                CRISIL BBB-/  15
                                                         Stable
Rating reaffirmed and Withdrawn
Karolia Lighting Pvt Ltd               CC                CRISIL BBB-/  75
                                                         Stable
Rating reaffirmed and Withdrawn
Karolia Lighting Pvt Ltd               LOC               CRISIL BBB-/  10
                                                         Stable
Rating reaffirmed and Withdrawn
Karolia Lighting Pvt Ltd               Proposed LT Bk    CRISIL BBB-/  20
                                       Loan Fac          Stable
Rating reaffirmed and Withdrawn
Manoj Cables Ltd                       BG                CRISIL D      50
Issuer Not Cooperating; Downgraded from 'CRISIL B+/ Stable Issuer Not Cooperating'
Manoj Cables Ltd                       CC                CRISIL D      300
Issuer Not Cooperating; Downgraded from 'CRISIL B+/ Stable Issuer Not Cooperating'
Manoj Cables Ltd                       Standby Line of   CRISIL D      30
                                       Credit
Issuer Not Cooperating; Downgraded from 'CRISIL B+/ Stable Issuer Not Cooperating'
Maschio Gaspardo India Pvt Ltd         CC/ Overdraft Fac CRISIL BBB/   550    Reaffirmed
                                                         Stable
Maschio Gaspardo India Pvt Ltd         TL                CRISIL BBB/   250    Reaffirmed
                                                         Stable
Maschio Gaspardo India Pvt Ltd         WC Fac            CRISIL BBB/   200    Assigned
                                                         Stable
Milestones Switchgears Pvt Ltd         BG                CRISIL BBB-/  52.5
                                                         Stable
Rating reaffirmed and Withdrawn
Milestones Switchgears Pvt Ltd         CC                CRISIL BBB-/  17.5
                                                         Stable
Rating reaffirmed and Withdrawn
Milestones Switchgears Pvt Ltd         Proposed LT Bk    CRISIL BBB-/  20
                                       Loan Fac          Stable
Rating reaffirmed and Withdrawn
Mobil Trust Series-10 (Originator:     Series A PTCs     Provisional   5427.5
Shriram City Union Finance Ltd)                          CRISIL AAA (SO)
Provisional Rating Assigned
Mrs.Bectors Food Specialities Ltd      CC*               CRISIL A+/    350    Reaffirmed
                                                         Positive
*Includes Rs 18 crore of sublimit for export credit packing credit.
Mrs.Bectors Food Specialities Ltd      Export Packing    CRISIL A+/    50     Reaffirmed
                                       Credit            Positive
Mrs.Bectors Food Specialities Ltd      Overdraft         CRISIL A+/    100    Reaffirmed
                                                         Positive
Mrs.Bectors Food Specialities Ltd      Proposed LT Bk    CRISIL A+/    39.8   Reaffirmed
                                       Loan Fac          Positive
Mrs.Bectors Food Specialities Ltd      TL                CRISIL A+/    1859.1 Reaffirmed
                                                         Positive
Mrs.Bectors Food Specialities Ltd      WC TL             CRISIL A+/    61.1   Assigned
                                                         Positive
Muthoot Fincorp Ltd                    NCD               Provisional   1250
                                                         CRISIL AA+
                                                         (CE)/ Stable
Provisional Rating Assigned
Netcon Technologies India Pvt Ltd      CC                CRISIL BB+/   150    Assigned
                                                         Stable
Nitika Pharmaceutical Specialities Pvt CC                -             129    Withdrawn
Ltd
Nitika Pharmaceutical Specialities Pvt Proposed LT Bk    -             112.1  Withdrawn
Ltd                                    Loan Fac
Nitika Pharmaceutical Specialities Pvt TL                -             8.9    Withdrawn
Ltd
Oswin Wood Panels Pvt Ltd              CC                CRISIL BB/    30     Reaffirmed
                                                         Stable
Oswin Wood Panels Pvt Ltd              LT Loan           CRISIL BB/    329.3  Reaffirmed
                                                         Stable
Oswin Wood Panels Pvt Ltd              Proposed LT Bk    CRISIL BB/    27.1   Assigned
                                       Loan Fac          Stable
Parishi Diamond - Surat                Export Packing    CRISIL BBB-/  490    Reaffirmed
                                       Credit            Negative
Outlook revised from 'Stable' and rating reaffirmed
Parle Agro Pvt Ltd                     Buyer`s Credit    CRISIL AA/    510    Reaffirmed
                                                         Stable
Parle Agro Pvt Ltd                     CC*               CRISIL AA/    1100   Reaffirmed
                                                         Stable
*Interchangeable with letter of credit
Parle Agro Pvt Ltd                     Proposed LT Bk    CRISIL AA/    100    Reaffirmed
                                       Loan Fac          Stable
Parle Agro Pvt Ltd                     TL                CRISIL AA/    6405.2 Reaffirmed
                                                         Stable
R.R.Thulasi Builders India Pvt Ltd     CC                CRISIL BBB/   250    Reaffirmed
                                                         Stable
Rachit Prints Pvt Ltd                  CC                CRISIL B/     45
                                                         Stable
Issuer Not Cooperating
Rachit Prints Pvt Ltd                  TL                CRISIL B/     19
                                                         Stable
Issuer Not Cooperating
Ramkrishna Electricals Ltd             BG                CRISIL D      60
Downgraded from 'CRISIL BB/ Stable'
Ramkrishna Electricals Ltd             CC                CRISIL D      169.5
Downgraded from 'CRISIL BB/ Stable'
Ramkrishna Electricals Ltd             LOC               CRISIL D      35
Downgraded from 'CRISIL BB/ Stable'
Ratnakala Exports Pvt Ltd              Export Packing    CRISIL BBB+/  430    Reaffirmed
                                       Credit            Stable
Ratnakala Exports Pvt Ltd              Post Shipment     CRISIL BBB+/  570    Reaffirmed
                                       Credit            Stable
Ratnakala Exports Pvt Ltd              Proposed FB Bk    CRISIL BBB+/  102    Reaffirmed
                                       Limits            Stable
Rubino Industries Pvt Ltd              CC                CRISIL BB/    50     Reaffirmed
                                                         Stable
S. K. Tuff Pvt Ltd                     CC                CRISIL BB/    45
                                                         Stable
Upgraded from 'CRISIL BB-/ Stable'
S. K. Tuff Pvt Ltd                     LT Loan           CRISIL BB/    62.6   Assigned
                                                         Stable
Upgraded from 'CRISIL BB-/ Stable'
Shree Krishna Rolling Mills (Jaipur )  CC/ Overdraft Fac CRISIL BB+/   255    Reaffirmed
Ltd                                                      Stable
Shree Krishna Rolling Mills (Jaipur )  LT Loan           CRISIL BB+/   22     Reaffirmed
Ltd                                                      Stable
Shree Umiya Cotton Industries          CC                CRISIL BB/    200    Reaffirmed
                                                         Stable
Sterling Indo Tech Consultants Pvt Ltd Proposed BG       CRISIL BB/    44     Assigned
                                                         Stable
Sterlite Technologies Ltd              CC                CRISIL AA/    9100   Reaffirmed
                                                         Stable
Sterlite Technologies Ltd              LOC & BG          CRISIL AA/    36740  Reaffirmed
                                                         Stable
Sterlite Technologies Ltd              Proposed LT Bk    CRISIL AA/    1160   Reaffirmed
                                       Loan Fac          Stable
Sterlite Technologies Ltd              TL                CRISIL AA/    2500   Assigned
                                                         Stable
TAL Manufacturing Solutions Ltd        CC                CRISIL A+     1000   Reaffirmed
Continues on 'Rating Watch with Positive Implications'
TAL Manufacturing Solutions Ltd        LT Loan^          CRISIL A+     550    Reaffirmed
Continues on 'Rating Watch with Positive Implications'; ^Interchangeable with letter of credit
up to Rs.55.0 crore
TAL Manufacturing Solutions Ltd        Proposed FB Bk    CRISIL A+     150    Reaffirmed
                                       Limits
Continues on 'Rating Watch with Positive Implications'
TAL Manufacturing Solutions Ltd        Proposed LT Bk    CRISIL A+     15     Reaffirmed
                                       Loan Fac
Continues on 'Rating Watch with Positive Implications'
The Bishops Education Society          Proposed Rupee TL CRISIL BBB+/  227    Reaffirmed
                                                         Stable
The Bishops Education Society          TL                CRISIL BBB+/  13     Reaffirmed
                                                         Stable
Trans Asian Shipping Services Pvt Ltd  LT Loan           CRISIL BB+/   116.2
                                                         Stable
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/ Negative'
Trans Asian Shipping Services Pvt Ltd  Overdraft         CRISIL BB+/   728
                                                         Stable
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/ Negative'
Unicorn Infosolutions Pvt Ltd          Standby LOC       CRISIL BBB-/  650    Reaffirmed
                                                         Stable
VC Marvin 01 2020 (Originator: Ess Kay Series A2 PTCs    CRISIL A+ (SO)8.5
Fincorp Ltd)
Converted from Provisional Rating to Final Rating
VC Marvin 01 2020 (Originator: Ess Kay Series A1 PTCs    CRISIL AA (SO)238.5
Fincorp Ltd)
Converted from Provisional Rating to Final Rating
Western Lumbers                        Funded Interest TLCRISIL D      62.5
Issuer Not Cooperating; Downgraded from 'CRISIL C Issuer Not Cooperating'
Western Lumbers                        LOC               CRISIL D      150
Issuer Not Cooperating; Downgraded from 'CRISIL C Issuer Not Cooperating'
Western Lumbers                        WC TL             CRISIL D      250
Issuer Not Cooperating; Downgraded from 'CRISIL C Issuer Not Cooperating'
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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