May 10, 2018 / 5:26 AM / 4 months ago

CRISIL ratings for Indian debt instruments-May 10

    May 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 9, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Alcon Biosciences Pvt Ltd               BG                 CRISIL A4+     2.5     Reaffirmed
Alcon Biosciences Pvt Ltd               LOC                CRISIL A4+     20      Reaffirmed
Alliance Polysacks Pvt Ltd              BG                 CRISIL A4+     40      Reaffirmed
Alliance Polysacks Pvt Ltd              LOC                CRISIL A4+     100     Reaffirmed
Anandaloke Medical Centre Pvt Ltd       Overdraft          CRISIL A3      48      Assigned
APL Apollo Tubes Ltd                    LOC**              CRISIL A1+     300
**100% interchangeability between LC and bank guarantee up to Rs 20 crore
APL Apollo Tubes Ltd                    CP Programme       CRISIL A1+     5000
Archana Granites                        BG                 CRISIL A4      2.5     Assigned
B.S.R. Builders Engineers and           Overdraft          CRISIL A4      45      Withdrawn
Contractors
(Issuer Not Cooperating)
Bangalore Paper Store                   LOC                CRISIL A4      170     Reaffirmed
Bathero Sanitary LLP                    BG                 CRISIL A4      4       Reaffirmed
CMR Nikkei India Pvt Ltd                LOC                CRISIL A2+     80      Assigned
CMR Nikkei India Pvt Ltd                BG                 CRISIL A2+     20      Assigned
Colourflex Laminators Ltd               Inland/Import LOC  CRISIL A3      90      Reaffirmed
Diamond Nuts                            Foreign Bill       CRISIL A4      30      Reaffirmed
                                        Discounting
G. P. Timber                            LOC                CRISIL A4      70      Reaffirmed
Global Calcium Pvt Ltd                  LOC                CRISIL A2+     50      Upgraded from
                                                                                  CRISIL A2
Global Calcium Pvt Ltd                  Packing Credit in  CRISIL A2+     35      Upgraded from
                                        Foreign Currency                          CRISIL A2
GP Global Asphalt Pvt Ltd               LOC                CRISIL A2+(SO) 250     Upgraded from
                                                                                  CRISIL A2
GP Global Energy Pvt Ltd                LOC                CRISIL A2+(SO) 800     Reaffirmed
GP Global Energy Pvt Ltd                Proposed ST Bk     CRISIL A2+(SO) 11.3    Reaffirmed
                                        Loan Fac
IIFL Facilities Services Ltd            CP Issue^          CRISIL A1+     25000   Assigned
^Assigned for initial public offering financing on an episodic basis
IIFL Facilities Services Ltd            CP Issue^          CRISIL A1+     50000   Withdrawn
^Assigned for initial public offering financing on an episodic basis
IIFL Facilities Services Ltd            CP                 CRISIL A1+     7000    Reaffirmed
IIFL Securities Ltd                     ST Debt (Including CRISIL A1+     10000   Reaffirmed
                                        CP)
India Infoline Finance Ltd              CP Issue^          CRISIL A1+     50000   Assigned
^Assigned for initial public offering financing on an episodic basis
India Infoline Finance Ltd              CP Issue^          CRISIL A1+     60000   Withdrawal
^Assigned for initial public offering financing on an episodic basis
India Infoline Finance Ltd              CP                 CRISIL A1+     90000   Reaffirmed
Indus Life Sciences Pvt Ltd             Inland/Import LOC  CRISIL A4+     30      Reassigned
Jindal Steel and Power Ltd              LOC                CRISIL A3      38000   Upgraded from
                                                                                  CRISIL D
Jindal Steel and Power Ltd              Proposed ST Bk     CRISIL A3      25000   Upgraded from
                                        Loan Fac                                  CRISIL D
Meghmani Organics Ltd                   LOC & BG           CRISIL A1      350     Reaffirmed
Meghmani Organics Ltd                   LOC & BG!          CRISIL A1      400     Reaffirmed
! Interchangeable with buyers credit
Met-Rolla Steels Ltd                    LOC                CRISIL A3      445     Reaffirmed
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL A3+     50      Reaffirmed
                                        Negotiation
Mohib Shoes Pvt Ltd                     LOC                CRISIL A3+     15      Reaffirmed
Mukesh Industries Ltd                   LOC                CRISIL A3      85      Reaffirmed
Partap Wire India Pvt Ltd               BG                 CRISIL A4      2       Reaffirmed
Picasso Home Products Pvt Ltd           Foreign LOC        CRISIL A4      20      Reaffirmed
Puran Chand Rice Mills Pvt Ltd          LOC                CRISIL A4+     20      Assigned;
                                                                                  Suspension
                                                                                  revoked
Puran Chand Rice Mills Pvt Ltd          Packing Credit     CRISIL A4+     260     Assigned;
                                                                                  Suspension
                                                                                  revoked
Raju K Thomas                           BG                 CRISIL A4      10      Assigned
Roop Telsonic Ultrasonix Ltd            BG                 CRISIL A4+     20      Reaffirmed
RVN Infra Pvt Ltd                       BG                 CRISIL A4      340     Reaffirmed
Sidharth Polysacks Pvt Ltd              BG                 CRISIL A4+     10      Reaffirmed
Sidharth Polysacks Pvt Ltd              LOC                CRISIL A4+     30      Reaffirmed
Sloka Advertising Pvt Ltd               BG                 CRISIL A4+     4.5     Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Sloka Advertising Pvt Ltd               Overdraft          CRISIL A4+     40      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Southern Tropical Foods Pvt Ltd         BG                 CRISIL A4+     5       Reaffirmed
Southern Tropical Foods Pvt Ltd         Packing Credit     CRISIL A4+     350     Reaffirmed
Sreeja Hosieries Pvt Ltd                BG                 CRISIL A3+     1       Reaffirmed
Sreeja Hosieries Pvt Ltd                Export Packing     CRISIL A3+     80      Reaffirmed
                                        Credit
Sreeja Hosieries Pvt Ltd                Foreign Bill       CRISIL A3+     55      Reaffirmed
                                        Negotiation
Sreeja Hosieries Pvt Ltd                LOC                CRISIL A3+     50      Reaffirmed
Sreeja Hosieries Pvt Ltd                Standby Line of    CRISIL A3+     15      Reaffirmed
                                        Credit
Srishti Infrastructures Ltd             BG                 CRISIL A4      73      Withdrawn
(Issuer Not Cooperating)
Srishti Infrastructures Ltd             Proposed ST Bk     CRISIL A4      7.5     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
TAL Manufacturing Solutions Ltd         Bill Discounting   CRISIL A1      150     #
TAL Manufacturing Solutions Ltd         LOC & BG           CRISIL A1      3000    #
Tusar Fabengineers Pvt Ltd              BG                 CRISIL A4      40      Withdrawn
Varshini Exim Pvt Ltd                   BG                 CRISIL A4+     100     Reaffirmed
Vipul Overseas Pvt Ltd                  LOC                CRISIL A4      170     Reaffirmed
Well Knit Industries                    BG                 CRISIL A3+     1       Reaffirmed
Well Knit Industries                    Export Packing     CRISIL A3+     65      Reaffirmed
                                        Credit
Well Knit Industries                    Foreign Bill       CRISIL A3+     25      Reaffirmed
                                        Discounting
Well Knit Industries                    LOC                CRISIL A3+     30      Reaffirmed
Well Knit Industries                    Standby Line of    CRISIL A3+     10      Reaffirmed
                                        Credit
Welset Plast Extrusions Pvt Ltd         BG                 CRISIL A3      10
Welset Plast Extrusions Pvt Ltd         LOC                CRISIL A3      120

LONG TERM RATINGS:
-------------------
Alcon Biosciences Pvt Ltd               Line of Credit     CRISIL BB      105     Upgraded from
                                                                                  CRISIL BB-
Alcon Biosciences Pvt Ltd               Loan Against       CRISIL BB      21      Upgraded from
                                        Property                                  CRISIL BB-
Alliance Polysacks Pvt Ltd              CC                 CRISIL BB+     300     Upgraded from
                                                                                  CRISIL
                                                                                  BB
Alliance Polysacks Pvt Ltd              TL                 CRISIL BB+     526.5   Upgraded from
                                                                                  CRISIL
                                                                                  BB
Anandaloke Medical Centre Pvt Ltd       Proposed LT Bk     CRISIL BBB-    15      Assigned
                                        Loan Fac
APL Apollo Tubes Ltd                    CC*#%              CRISIL AA-     3840
*Interchangeable with vendor financing scheme up to Rs 130 crore, export packing credit up to Rs
16 crore, and foreign bill discounting up to Rs 24 crore/#One way changeable from cash credit to
letter of credit (LC) up to Rs 100 crore/%Interchangeable with non-fund-based facilities up to
Rs 214 crore
APL Apollo Tubes Ltd                    Proposed LT Bk     CRISIL AA-     200
                                        Loan Fac
APL Apollo Tubes Ltd                    WC Demand Loan!    CRISIL AA-     1000
!Interchangeable with Letter of Credit up to Rs 50 crore, Buyers credit up to Rs 100 crore,
Sales Invoice discounting up to Rs 50 crore, Cash Credit up to Rs 50 crore and Export credit up
to Rs 50 crore 
APL Apollo Tubes Ltd                    WC Demand Loan     CRISIL AA-     1000
APL Apollo Tubes Ltd                    WC Fac##           CRISIL AA-     600
## Interchangeable with packing credit up to Rs 60 crore; inland letter of credit up to Rs 60
crore; and performa invoice discounting up to Rs 15 crore
APL Apollo Tubes Ltd                    WC Fac^            CRISIL AA-     760
^Fully interchangeable with non-fund-based facilities
APL Apollo Tubes Ltd                    NCD                CRISIL AA-     750
Archana Granites                        CC                 CRISIL B       91      Assigned
Autolight Glass Pvt Ltd                 CC                 CRISIL BB-     25      Assigned
Autolight Glass Pvt Ltd                 LT Loan            CRISIL BB-     65      Assigned
B.S.R. Builders Engineers and           TL                 CRISIL B-      100     Withdrawn
Contractors
(Issuer Not Cooperating)
Bangalore Paper Store                   CC                 CRISIL B+      40      Reaffirmed
Bathero Sanitary LLP                    CC                 CRISIL B-      12.5    Reaffirmed
Bathero Sanitary LLP                    LT Loan            CRISIL B-      29      Reaffirmed
Bathero Sanitary LLP                    Proposed LT Bk     CRISIL B-      54.5    Reaffirmed
                                        Loan Fac
Bimal Auto Agency                       CC                 CRISIL BBB     200     Reaffirmed
Bimal Auto Agency                       Inventory Funding  CRISIL BBB     400     Reaffirmed
                                        Fac
CMR Nikkei India Pvt Ltd                CC                 CRISIL A-      300     Assigned
CMR Nikkei India Pvt Ltd                Bill Discounting   CRISIL A-      237     Assigned
CMR-Toyotsu Aluminium India Pvt Ltd     TL                 CRISIL BBB+    49.6    Assigned
CMR-Toyotsu Aluminium India Pvt Ltd     Bill Discounting   CRISIL BBB+    150     Assigned
CMR-Toyotsu Aluminium India Pvt Ltd     CC                 CRISIL BBB+    370     Assigned
Colourflex Laminators Ltd               CC                 CRISIL BBB-    145     Reaffirmed
Colourflex Laminators Ltd               Proposed LT Bk     CRISIL BBB-    25      Reaffirmed
                                        Loan Fac
Colourflex Laminators Ltd               TL                 CRISIL BBB-    40      Reaffirmed
Deligent Hotel Corporation Pvt Ltd      LT Loan            CRISIL BB+     275     Reaffirmed
Deligent Hotel Corporation Pvt Ltd      Proposed LT Bk     CRISIL BB+     125     Reaffirmed
                                        Loan Fac
Dhruv Chem Industries                   CC                 CRISIL BB-     45      Assigned
Dhruv Chem Industries                   TL                 CRISIL BB-     16.3    Assigned
Diamond Nuts                            CC                 CRISIL B+      70      Reaffirmed
Diamond Nuts                            Packing Credit     CRISIL B+      80      Reaffirmed
Diamond Nuts                            Proposed LT Bk     CRISIL B+      120     Reaffirmed
                                        Loan Fac
G. P. Timber                            CC                 CRISIL B       30      Reaffirmed
Global Calcium Pvt Ltd                  CC                 CRISIL A-      85      Upgraded from
                                                                                  CRISIL
                                                                                  BBB+
GP Global Asphalt Pvt Ltd               CC                 CRISIL A-(SO)  430     Upgraded from
                                                                                  CRISIL BBB+
GP Global Asphalt Pvt Ltd               LT Loan            CRISIL A-(SO)  567.9   Upgraded from
                                                                                  CRISIL BBB+
GP Global Asphalt Pvt Ltd               TL                 CRISIL A-(SO)  120     Upgraded from
                                                                                  CRISIL BBB+
GP Global Asphalt Pvt Ltd               Rupee TL           CRISIL A-(SO)  94.5    Upgraded from
                                                                                  CRISIL BBB+
GP Global Asphalt Pvt Ltd               Proposed LT Bk     CRISIL A-(SO)  61.8    Upgraded from
                                        Loan Fac                                  CRISIL BBB+
GP Global Energy Pvt Ltd                CC                 CRISIL A-(SO)  100     Reaffirmed
GP Global Energy Pvt Ltd                CC & WC demand loanCRISIL A-(SO)  900.7   Reaffirmed
GP Global Energy Pvt Ltd                Proposed LT Bk     CRISIL A-(SO)  63      Reaffirmed
                                        Loan Fac
Hitech Marketing                        CC                 CRISIL BB-     50      Assigned
India Infoline Finance Ltd              Subordinated Debt  CRISIL AA      10000   #
Indus Life Sciences Pvt Ltd             Export Packing     CRISIL BB      130     Reaffirmed
                                        Credit
Indus Life Sciences Pvt Ltd             Foreign Bill       CRISIL BB      60      Reaffirmed
                                        Discounting
J.S.V Motors and Constructions Pvt Ltd  CC                 CRISIL BB-     40      Reaffirmed
J.S.V Motors and Constructions Pvt Ltd  Inventory Funding  CRISIL BB-     300     Reaffirmed
                                        Fac
Jai Kedarnath Buildcon Pvt Ltd          BG                 CRISIL A4      23      Withdrawn
(Issuer Not Cooperating)
Jai Kedarnath Buildcon Pvt Ltd          TL                 CRISIL B       70      Withdrawn
(Issuer Not Cooperating)
Jindal Steel and Power Ltd              CC                 CRISIL BBB-    36000   Upgraded from
                                                                                  CRISIL D
Jindal Steel and Power Ltd              Proposed LT Bk     CRISIL BBB-    43400   Upgraded from
                                        Loan Fac                                  CRISIL D
Jindal Steel and Power Ltd              TL                 CRISIL BBB-    133670  Upgraded from
                                                                                  CRISIL D
Jindal Steel and Power Ltd              NCD                CRISIL BBB-    32120   Upgraded from
                                                                                  CRISIL D
Kairali Jewellers                       CC                 CRISIL BB-     70      Withdrawn
Karnataka Turned Components Pvt Ltd     Overdraft          CRISIL B+      40      Upgraded from
                                                                                  CRISIL B
Karnataka Turned Components Pvt Ltd     Proposed LT Bk     CRISIL B+      34.3    Upgraded from
                                        Loan Fac                                  CRISIL B
Karnataka Turned Components Pvt Ltd     TL                 CRISIL B+      55.7    Upgraded from
                                                                                  CRISIL B
Kisanveer Satara Sahakari Sakhar        CC                 CRISIL BB-     1250    Reaffirmed
Karkhana Ltd
Kisanveer Satara Sahakari Sakhar        CC-Stock           CRISIL BB-     80      Reaffirmed
Karkhana Ltd
Kisanveer Satara Sahakari Sakhar        Sugar Pledge CC    CRISIL BB-     930     Reaffirmed
Karkhana Ltd
M S Textiles                            CC                 CRISIL B+      20      Withdrawn
(Issuer Not Cooperating)
M S Textiles                            Proposed CC Limit  CRISIL B+      32.8    Withdrawn
(Issuer Not Cooperating)
M S Textiles                            TL                 CRISIL B+      17.2    Withdrawn
(Issuer Not Cooperating)
M S Textiles                            Warehouse Receipts CRISIL B+      30      Withdrawn
(Issuer Not Cooperating)
Mahavir Rice Mill (Chamorshi)           CC                 CRISIL BB-     85      Reaffirmed
Meghmani Organics Ltd                   CC*                CRISIL A+      1500    Reaffirmed
* Interchangeable between WCDL/EPC/PCFC/PSFC. Interchangeable between Overdraft/ Short Term
Loan/Export & Local Bills Discounted/Export Invoice Financing
Meghmani Organics Ltd                   CC$                CRISIL A+      600     Reaffirmed
$ Interchangeable between Working Capital demand loan (WCDL)/Export Packing Credit (EPC)/
Preshipment Credit in Foreign Currency (PCFC)
Meghmani Organics Ltd                   CC^                CRISIL A+      800     Reaffirmed
^ Interchangeable between CC/WCDL/EPC/Foreign Usance Bills Discounting (FUBD)/Foreign Bills
Purchased (FBP)/PCFC/Post Shipment Credit in Foreign Currency (PSCFC)/Inland Bills Purchased/
Discounted
Meghmani Organics Ltd                   Export Packing     CRISIL A+      350     Reaffirmed
                                        Credit*
*Interchangeable between Overdraft/ Short Term Loan/Export & Local Bills Discounted/Export
Invoice Financing
Meghmani Organics Ltd                   Rupee TL           CRISIL A+      3070    Reaffirmed
Met-Rolla Steels Ltd                    CC                 CRISIL BBB-    155     Reaffirmed
Met-Rolla Steels Ltd                    Proposed LT Bk     CRISIL BBB-    7       Reaffirmed
                                        Loan Fac
Mohib Shoes Pvt Ltd                     CC                 CRISIL BBB     4.5     Reaffirmed
Mohib Shoes Pvt Ltd                     Export Packing     CRISIL BBB     190     Reaffirmed
                                        Credit
Mohib Shoes Pvt Ltd                     Foreign Bill       CRISIL BBB     140     Reaffirmed
                                        Purchase
Mohib Shoes Pvt Ltd                     Proposed LT Bk     CRISIL BBB     0.5     Reaffirmed
                                        Loan Fac
Mukesh Industries Ltd                   CC                 CRISIL BBB-    318.5   Reaffirmed
Mukesh Industries Ltd                   TL                 CRISIL BBB-    246.5   Reaffirmed
N P P Printing-N-Packaging              CC                 CRISIL BB+     70      Withdrawn
N. S. Precision Works Pvt Ltd           Channel Financing  CRISIL BB      25      Reaffirmed
N. S. Precision Works Pvt Ltd           Overdraft          CRISIL BB      27      Reaffirmed
N. S. Precision Works Pvt Ltd           Proposed LT Bk     CRISIL BB      18      Reaffirmed
                                        Loan Fac
N. S. Precision Works Pvt Ltd           TL                 CRISIL BB      30      Reaffirmed
Ojus Power and Technologies Pvt Ltd     CC                 CRISIL BB+     100     Assigned
OM Ganesh Jewellers Pvt Ltd             LT Loan            CRISIL B+      27.7    Withdrawn
(Issuer Not Cooperating)
OM Ganesh Jewellers Pvt Ltd             Proposed LT Bk     CRISIL B+      50      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
OM Ganesh Jewellers Pvt Ltd             Proposed WC Fac    CRISIL B+      172.3   Withdrawn
(Issuer Not Cooperating)
Padmashri Dr. Vitthalrao Vikhe Patil    CC                 CRISIL BB      3000    Reaffirmed
Sahakari Sakhar Karkhana Ltd
Padmashri Dr. Vitthalrao Vikhe Patil    Proposed LT Bk     CRISIL BB      354.6   Reaffirmed
Sahakari Sakhar Karkhana Ltd            Loan Fac
Padmashri Dr. Vitthalrao Vikhe Patil    TL                 CRISIL BB      725.4   Reaffirmed
Sahakari Sakhar Karkhana Ltd
Partap Wire India Pvt Ltd               CC                 CRISIL B+      85      Upgraded from
                                                                                  CRISIL B
Partap Wire India Pvt Ltd               TL                 CRISIL B+      3       Upgraded from
                                                                                  CRISIL B
Picasso Home Products Pvt Ltd           CC                 CRISIL B       30      Reaffirmed
Picasso Home Products Pvt Ltd           Proposed LT Bk     CRISIL B       32.5    Reaffirmed
                                        Loan Fac
Premsons Diversey Pvt Ltd               CC                 CRISIL BB+     7.5     Migrated from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Premsons Diversey Pvt Ltd               Electronic Dealer  CRISIL BB+     82.5    Migrated from
                                        Financing                                 CRISIL BB-
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Proform Interiors Pvt Ltd               CC                 CRISIL BB-     125     Reaffirmed
Proform Interiors Pvt Ltd               Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Puran Chand Rice Mills Pvt Ltd          CC                 CRISIL BB      20      Assigned;
                                                                                  Suspension
                                                                                  revoked
R. L. Industries                        CC                 CRISIL B+      70      Upgraded from
                                                                                  CRISIL B
R. L. Industries                        Proposed LT Bk     CRISIL B+      30      Upgraded from
                                        Loan Fac                                  CRISIL B
Raju K Thomas                           Proposed BG        CRISIL B       7       Assigned
Raju K Thomas                           CC                 CRISIL B       53      Assigned
Roop Telsonic Ultrasonix Ltd            CC                 CRISIL BB+     90      Reaffirmed
Roop Telsonic Ultrasonix Ltd            Proposed LT Bk     CRISIL BB+     0.6     Reaffirmed
                                        Loan Fac
Roop Telsonic Ultrasonix Ltd            TL                 CRISIL BB+     39.4    Reaffirmed
RVN Infra Pvt Ltd                       CC                 CRISIL B+      60      Assigned
S. E. Enterprises Pvt Ltd               CC                 CRISIL B       50      Withdrawn
(Issuer Not Cooperating)
S. E. Enterprises Pvt Ltd               Proposed LT Bk     CRISIL B       10      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Shikhar Foods Pvt Ltd                   CC                 CRISIL BB+     100     Reaffirmed
Shikhar Foods Pvt Ltd                   LT Loan            CRISIL BB+     25      Reaffirmed
Shree Tirupati Jee Filling Station      CC                 CRISIL B       100     Reaffirmed
Sidharth Polysacks Pvt Ltd              CC                 CRISIL BB+     82.5    Upgraded from
                                                                                  CRISIL
                                                                                  BB
Sidharth Polysacks Pvt Ltd              Proposed LT Bk     CRISIL BB+     76.3    Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB
Sidharth Polysacks Pvt Ltd              TL                 CRISIL BB+     0.2     Upgraded from
                                                                                  CRISIL
                                                                                  BB
Sloka Advertising Pvt Ltd               LT Loan            CRISIL BB+     14.5    Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Sloka Advertising Pvt Ltd               Proposed LT Bk     CRISIL BB+     15      Migrated from
                                        Loan Fac                                  CRISIL BB+
(Issuer Not Cooperating)
SME Pool - Series III - February        Series A1 PTCs     CRISIL AA- (SO)        Upgraded
2016-(Originator: Equitas Small Finance                                           from CRISIL A
Bank Ltd)                                                                         (SO)
Sona Food Products                      CC                 CRISIL BB-     65      Reaffirmed
Soni Hospitals Pvt Ltd                  Proposed LT Bk     CRISIL BB      489.4   Upgraded from
                                        Loan Fac                                  CRISIL BB-
Southern Tropical Foods Pvt Ltd         Foreign Bill       CRISIL BB+     350     Reaffirmed
                                        Discounting
Southern Tropical Foods Pvt Ltd         LT Loan            CRISIL BB+     207     Reaffirmed
Southern Tropical Foods Pvt Ltd         Proposed LT Bk     CRISIL BB+     48      Reaffirmed
                                        Loan Fac
Sreeja Hosieries Pvt Ltd                LT Loan            CRISIL BBB     10.2    Reaffirmed
Sreeja Hosieries Pvt Ltd                Proposed LT Bk     CRISIL BBB     39.3    Reaffirmed
                                        Loan Fac
Sri Krishna Nutritions India Pvt Ltd    CC                 CRISIL D       65      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Sri Krishna Nutritions India Pvt Ltd    Proposed LT Bk     CRISIL D       16.9    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Sri Krishna Nutritions India Pvt Ltd    TL                 CRISIL D       18.1    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Srishti Infrastructures Ltd             CC                 CRISIL B+      35      Withdrawn
(Issuer Not Cooperating)
Star Global Endura Ltd                  Buyer`s Credit     CRISIL BB+     30      Upgraded from
                                                                                  CRISIL
                                                                                  BB
Star Global Endura Ltd                  CC                 CRISIL BB+     60      Upgraded from
                                                                                  CRISIL
                                                                                  BB
Star Global Endura Ltd                  Proposed LT Bk     CRISIL BB+     51.5    Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  BB
Star Global Endura Ltd                  TL                 CRISIL BB+     124     Upgraded from
                                                                                  CRISIL
                                                                                  BB
TAL Manufacturing Solutions Ltd         CC                 CRISIL A+      1000    #
TAL Manufacturing Solutions Ltd         LT Loan^           CRISIL A+      550     #
^Interchangeable with letter of credit up to Rs.55.0 crore
TAL Manufacturing Solutions Ltd         Proposed LT Bk     CRISIL A+      15      #
                                        Loan Fac                                  
Tusar Fabengineers Pvt Ltd              CC                 CRISIL B+      10      Withdrawn
Tusar Fabengineers Pvt Ltd              Rupee TL           CRISIL B+      50      Withdrawn
U. S. Agrawal & Co.                     CC                 CRISIL BB-     80      Reaffirmed
Varshini Exim Pvt Ltd                   Export Packing     CRISIL BB      250     Upgraded from
                                        Credit                                    CRISIL BB-
Varshini Exim Pvt Ltd                   LT Loan            CRISIL BB      52.5    Upgraded from
                                                                                  CRISIL BB-
Varshini Exim Pvt Ltd                   Proposed LT Bk     CRISIL BB      27.5    Upgraded from
                                        Loan Fac                                  CRISIL BB-
Vipul Overseas Pvt Ltd                  CC                 CRISIL B+      45      Reaffirmed
Well Knit Industries                    LT Loan            CRISIL BBB     7.6     Reaffirmed
Well Knit Industries                    Proposed LT Bk     CRISIL BBB     35.8    Reaffirmed
                                        Loan Fac
Welset Plast Extrusions Pvt Ltd         CC*                CRISIL BBB-    240
*Export packing credit of Rs.5 Cr. and FBD of Rs.14 Cr. sub-limit within Cash Credit
Welset Plast Extrusions Pvt Ltd         Proposed LT Bk     CRISIL BBB-    5.2
                                        Loan Fac
Welset Plast Extrusions Pvt Ltd         Standby Line of    CRISIL BBB-    31
                                        Credit
Welset Plast Extrusions Pvt Ltd         TL                 CRISIL BBB-    43.8
Zeon Lifesciences Ltd                   CC                 CRISIL BBB     120     Reaffirmed
Zeon Lifesciences Ltd                   TL                 CRISIL BBB     100     Reaffirmed
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below