May 13, 2020 / 8:10 AM / 14 days ago

CRISIL ratings for Indian debt instruments-May 13

   May 13 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of May 12, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
ADF Foods Ltd                          BG                CRISIL A2+    5.6    Reaffirmed
ADF Foods Ltd                          Foreign Bill      CRISIL A2+    62.5   Reaffirmed
                                       Purchase
ADF Foods Ltd                          LOC               CRISIL A2+    16.4   Reaffirmed
Airox Technologies Pvt Ltd             BG                CRISIL A4     4      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Algavista Greentech Pvt Ltd            Proposed ST Bk    CRISIL A2     50     Reaffirmed
                                       Loan Fac
Bharat Insulation Company India Pvt Ltd LOC              CRISIL A4+    250    -
(Downgraded from CRISIL A3)
E.I.D. Parry India Ltd                 BG^               CRISIL A1+    1900   Reaffirmed
(^Interchangeable with letter of credit and fund based working capital limits.)
E.I.D. Parry India Ltd                 LOC*              CRISIL A1+    500    Reaffirmed
(*Interchangeable with bank guarantee and fund based working capital limits)
E.I.D. Parry India Ltd                 Proposed NFBL     CRISIL A1+    2486   Reaffirmed
Energy-Mission Machineries (India) Pvt Non-FBL           CRISIL A4+    0.5    Withdrawn
Ltd
Future Lifestyle Fashions Ltd          LOC^              CRISIL A1     4750   Reaffirmed
(^Interchangeable with Letter of Undertaking and Bank Guarantee)
Future Lifestyle Fashions Ltd          CP#               CRISIL A1     2900   Withdrawn
(#Rs 140 crore carved out of Working capital limits)
G I Auto Pvt Ltd                       Overdraft         CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
G. R. Engineering Pvt Ltd              BG                CRISIL A4     1700   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
G. R. Engineering Pvt Ltd              Letter Of Guarantee CRISIL A4   520    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
G. R. Engineering Pvt Ltd              LOC               CRISIL A4     780    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Girdharilal Manoharlal Glass Works No.2 Inland/Import LOC CRISIL A4    22.5   Reaffirmed
(Issuer Not Cooperating)
Govind Steel Co Ltd                    LOC               CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Gulla Sudhakara Rao                    BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
Hansco Iron and Steels Pvt Ltd         LOC               CRISIL A4     30     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Hariram Packaging and Polymers         BG                CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Hi-Style Products                      Bill Discounting  CRISIL A4     7.5    Reaffirmed
(Issuer Not Cooperating)
Hi-Style Products                      Foreign LOC       CRISIL A4     7.5    Reaffirmed
(Issuer Not Cooperating)
INARCO Pvt Ltd                         BG                CRISIL A4     2.5    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
INARCO Pvt Ltd                         LOC               CRISIL A4     55     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Indica Conveyors Ltd                   BG                CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Indica Conveyors Ltd                   LOC               CRISIL A4     45     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Indo Arab Air Services Pvt Ltd         BG                CRISIL A4     65     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Innovative Logistics Service Pvt Ltd   BG                CRISIL A4     3      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Integrated Service Point Pvt Ltd       BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Integrated Service Point Pvt Ltd       LOC               CRISIL A4     60.9   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Integrated Service Point Pvt Ltd       Packing Credit    CRISIL A4     170    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Integrated Service Point Pvt Ltd       Proposed ST Bk    CRISIL A4     44.1   -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Intouch Mobicare Pvt Ltd               BG                CRISIL A4     15     Reaffirmed
(Issuer Not Cooperating)
ITA Lake Ceramic Pvt Ltd               BG                CRISIL A4     40.3   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Ivory Clothing Pvt Ltd                 Packing Credit    CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Jay Jalaram Enterprise                 BG                CRISIL A4+    5      Reaffirmed
(Migrated from CRISIL A4+)
Jay Jee Enterprises                    BG                CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Jay Jee Enterprises                    Bill Discounting  CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Jay Jee Enterprises                    LOC               CRISIL A4     95.8   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
K. Ramalinga Raju                      BG                CRISIL A4     75     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
K. Ramalinga Raju                      Overdraft         CRISIL A4     25     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
K.B.R. Marine Exports                  Export Packing    CRISIL A4     40     Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Kanchan India Ltd                      BG                CRISIL A4     19.2   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Kanchan India Ltd                      Bill Discounting  CRISIL A4     50     -
                                       under LOC
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Kashvi Power and Steel Pvt Ltd         Export Packing    CRISIL A4     80     -
                                       Credit
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Kashvi Power and Steel Pvt Ltd         Proposed ST Bk    CRISIL A4     1      -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Kashvi Power and Steel Pvt Ltd         Standby Line of   CRISIL A4     15     -
                                       Credit
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Krishna Lamicoat Pvt Ltd               LOC               CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Labdhi International - Mumbai          LOC               CRISIL A4     75     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
M/s. Sanjay Shukla                     BG                CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
M/s. Sanjay Shukla                     Overdraft         CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Magnum Lubricants India Pvt Ltd        Foreign           CRISIL A4     60     -
                                       Discounting Bill
                                       Purchase
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Magnum Overseas India                  Foreign           CRISIL A4     55     -
                                       Discounting Bill
                                       Purchase
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Mahalaxmi Crafts and Tissues Pvt Ltd   BG                CRISIL A4     1.3    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Mahalaxmi Crafts and Tissues Pvt Ltd   Inland/Import LOC CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Maharashtra Paper Company              LOC               CRISIL A4     20.5   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Megamiles Bearing Cups Pvt Ltd         LOC               CRISIL A4     15     Reaffirmed
(Issuer Not Cooperating)
Meracus Mineral LLP                    BG                CRISIL A4     7      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Nichrome India Ltd                     BG                CRISIL A3     30     Reaffirmed
Nissan Renault Financial Services India CP               CRISIL A1+    4000   Reaffirmed
Pvt Ltd
Parry Sugars Refinery India Pvt Ltd    Non-FBL           CRISIL A1     13300  Reaffirmed
Parry Sugars Refinery India Pvt Ltd    CP                CRISIL A1     1500   Reaffirmed
Permeshwar Fashions Impex Pvt Ltd      LOC               CRISIL A4+    10     -
(ISSUER NOT COOPERATING; Migrated from CRISIL A3+)
R.P. Infraventure Pvt Ltd              BG                CRISIL A4     400    -
(Issuer Not Cooperating)
R.R. Distributors Pvt Ltd              LOC               CRISIL A4     22.5   Reaffirmed
(Issuer Not Cooperating)
R.R. Distributors Pvt Ltd              Proposed ST Bk    CRISIL A4     37.5   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
RNV Industries Pvt Ltd                 LOC               CRISIL A4     1250   -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
RR InfraWorks Pvt Ltd                  BG                CRISIL A4     85     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
SBL Energy Ltd                         LOC               CRISIL A3     10     Reaffirmed
SBL Energy Ltd                         Proposed LOC & BG CRISIL A3     70     Reaffirmed
Special Blasts Ltd                     BG                CRISIL A3     500    Reaffirmed
Special Blasts Ltd                     Foreign Exchange  CRISIL A3     65     Reaffirmed
                                       Fac
Special Blasts Ltd                     LOC               CRISIL A3     1100   Reaffirmed
Super Sales India Ltd                  LOC               CRISIL A4+    37.5   -
(Downgraded from CRISIL A2)
Trishul Exotic Pvt Ltd                 BG                CRISIL A4     1      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Trishul Exotic Pvt Ltd                 Foreign Exchange  CRISIL A4     20     -
                                       Forward
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Trishul Exotic Pvt Ltd                 Packing Credit    CRISIL A4     144    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Trishul Exotic Pvt Ltd                 Post Shipment     CRISIL A4     50     -
                                       Credit
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Worldfa Exports Pvt Ltd                BG                CRISIL A4     5      -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Worldfa Exports Pvt Ltd                Foreign Exchange  CRISIL A4     112.5  -
                                       Forward
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Worldfa Exports Pvt Ltd                LOC               CRISIL A4     10     -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Worldfa Exports Pvt Ltd                Packing Credit    CRISIL A4     408    -
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)
Worldfa Exports Pvt Ltd                Post Shipment     CRISIL A4     200    -
                                       Credit
(ISSUER NOT COOPERATING; Revised from CRISIL A4+)


LONG TERM RATINGS:
-------------------
ADF Foods Ltd                          Export Packing    CRISIL        283.5  Reaffirmed
                                       Credit            A-/Stable
ADF Foods Ltd                          Proposed FB Bk    CRISIL        2      Reaffirmed
                                       Limits            A-/Stable
ADF Foods Ltd                          Standby Line of   CRISIL        50     Reaffirmed
                                       Credit            A-/Stable
Airox Technologies Pvt Ltd             CC                CRISIL        35     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Airox Technologies Pvt Ltd             Proposed CC Limit CRISIL        23.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Aishwarya Healthcare                   Rating Advisory   -             -      -
(CRISIL vide its publication dated April 14, 2020 highlighted the aspect of non-co-operation by
Aishwarya Healthcare)
Algavista Greentech Pvt Ltd            Proposed TL       CRISIL        200    Reaffirmed
                                                         BBB+/Stable
Bharat Insulation Company India Pvt Ltd CC               CRISIL        250    -
                                                         BB+/Stable
(Downgraded from CRISIL BBB-/Stable)
Bhoomidhan Steel                       Overdraft         CRISIL        70     Reaffirmed
                                                         B+/Stable
(Migrated from CRISIL B+/Stable)
D K Ceramic                            BG                CRISIL D      12.5   Reaffirmed
(Issuer Not Cooperating)
D K Ceramic                            CC                CRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
D K Ceramic                            Proposed LT Bk    CRISIL D      50.5   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
D K Ceramic                            TL                CRISIL D      42     Reaffirmed
(Issuer Not Cooperating)
E.I.D. Parry India Ltd                 CC#               CRISIL AA-    4000   Reaffirmed
(#50% interchangeable to non-fund based working capital limits.)
E.I.D. Parry India Ltd                 LT Loan           CRISIL AA-    3250.6 Reaffirmed
E.I.D. Parry India Ltd                 Proposed FB Bk    CRISIL AA-    1500   Reaffirmed
                                       Limits
E.I.D. Parry India Ltd                 Proposed LT Bk    CRISIL AA-    5915.4 Reaffirmed
                                       Loan Fac
Energy-Mission Machineries (India) Pvt CC                CRISIL        95     Withdrawn
Ltd                                                      BB/Stable
Energy-Mission Machineries (India) Pvt TL                CRISIL        120.7  Withdrawn
Ltd                                                      BB/Stable
Finecrete Eco-Blocks Pvt Ltd           TL                CRISIL D      360    Reaffirmed
(Issuer Not Cooperating)
Future Lifestyle Fashions Ltd          CC*               CRISIL        5500   Reaffirmed
                                                         A+/Stable
(*Interchangeable with Working Capital Demand Loan and Commercial Paper)
Future Lifestyle Fashions Ltd          LT Loan           CRISIL        4750   Reaffirmed
                                                         A+/Stable
Future Lifestyle Fashions Ltd          NCD               CRISIL        5000   Reaffirmed
                                                         A+/Stable
G I Auto Pvt Ltd                       LT Loan           CRISIL        18.7   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
G I Auto Pvt Ltd                       Proposed LT Bk    CRISIL        66.3   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
G. R. Engineering Pvt Ltd              Proposed CC Limit CRISIL        223.8  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
G. R. Engineering Pvt Ltd              WC Demand Loan    CRISIL        200    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
G. R. Engineering Pvt Ltd              CC                CRISIL        106.2  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
G. R. Engineering Pvt Ltd              CC & WC demand loan CRISIL      70     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Girdharilal Manoharlal Glass Works No.2 CC               CRISIL        120    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Girdharilal Manoharlal Glass Works No.2 Proposed LT Bk   CRISIL        4.8    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Girdharilal Manoharlal Glass Works No.2 TL               CRISIL        62.7   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Govind Steel Co Ltd                    CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Govind Steel Co Ltd                    Proposed FB Bk    CRISIL        70     -
                                       Limits            B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Gulla Sudhakara Rao                    Secured Overdraft CRISIL        45     Reaffirmed
                                       Fac               B+/Stable
(Issuer Not Cooperating)
Hansco Iron and Steels Pvt Ltd         CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Hansco Iron and Steels Pvt Ltd         Proposed LT Bk    CRISIL        40     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Hariram Packaging and Polymers         CC                CRISIL        70     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Hariram Packaging and Polymers         Proposed LT Bk    CRISIL        90     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Harjit Singh Dugal                     Overdraft         CRISIL C      90     Reaffirmed
(Issuer Not Cooperating)
Hillwood Furniture Pvt Ltd             BG                CRISIL D      5      Reaffirmed
(Issuer Not Cooperating)
Hillwood Furniture Pvt Ltd             CC                CRISIL D      30     Reaffirmed
(Issuer Not Cooperating)
Hillwood Furniture Pvt Ltd             LOC               CRISIL D      350    Reaffirmed
(Issuer Not Cooperating)
Hi-Style Products                      CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Hi-Style Products                      Proposed LT Bk    CRISIL        15     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
INARCO Pvt Ltd                         CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
INARCO Pvt Ltd                         Proposed LT Bk    CRISIL        2.5    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Indica Conveyors Ltd                   CC                CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Indica Conveyors Ltd                   Proposed LT Bk    CRISIL        6      -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Indica Conveyors Ltd                   TL                CRISIL        9      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Indo Arab Air Services Pvt Ltd         Overdraft         CRISIL        80     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Indo Arab Air Services Pvt Ltd         Proposed LT Bk    CRISIL        15     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Innovative Logistics Service Pvt Ltd   CC                CRISIL        52     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Innovative Logistics Service Pvt Ltd   LT Loan           CRISIL        45     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Integrated Service Point Pvt Ltd       CC                CRISIL        60     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Intouch Mobicare Pvt Ltd               CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
ITA Lake Ceramic Pvt Ltd               CC                CRISIL        115    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
ITA Lake Ceramic Pvt Ltd               TL                CRISIL        154.7  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Ivory Clothing Pvt Ltd                 CC                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jainam Silk Mills                      CC                CRISIL        80     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Jainam Silk Mills                      Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Jalaram Agriexports Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jawahar Education Society              Rupee TL          CRISIL D      310    Reaffirmed
(Issuer Not Cooperating)
Jay Jalaram Enterprise                 CC                CRISIL        96.5   Reaffirmed
                                                         BB/Stable
(Migrated from CRISIL BB/Stable)
Jay Jalaram Enterprise                 Proposed TL       CRISIL        3.7    Reaffirmed
                                                         BB/Stable
(Migrated from CRISIL BB/Stable)
Jay Jee Enterprises                    CC                CRISIL        178    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Josan Industries                       CC                CRISIL        110    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Josan Industries                       Warehouse Financing CRISIL      25     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Josan Rice Mills                       CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Josan Rice Mills                       Warehouse Financing CRISIL      20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
K.B.R. Marine Exports                  Foreign Bill      CRISIL        110    Reaffirmed
                                       Discounting       B-/Stable
(Issuer Not Cooperating)
Kanchan India Ltd                      CC                CRISIL        1360   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Kanchan India Ltd                      LT Loan           CRISIL        1966.9 -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Kanchan India Ltd                      Proposed LT Bk    CRISIL        1353.9 -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Kashmira Trader                        CC                CRISIL        110    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
Kashvi Power and Steel Pvt Ltd         CC                CRISIL        404    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Kashvi Power and Steel Pvt Ltd         Standby Line of   CRISIL        30     -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Keshav Cotton Corporation              CC                CRISIL        60     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Keshav Cotton Corporation              TL                CRISIL        27.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Khushi Cotspin Pvt Ltd                 CC                CRISIL        43     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Khushi Cotspin Pvt Ltd                 TL                CRISIL        13     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Krishna and Company - Korba            CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Krishna Lamicoat Pvt Ltd               CC                CRISIL        40     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Krishna Lamicoat Pvt Ltd               TL                CRISIL        33.8   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Krishna Lamicoat Pvt Ltd               WC TL             CRISIL        26.2   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Kuldip Sons Jewellers Pvt Ltd          CC                CRISIL        114    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Kushal Polysacks Pvt Ltd               CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Kwalitee Fabs                          Packing Credit    CRISIL        70     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kwalitee Fabs                          Proposed WC Fac   CRISIL        5      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Leade Liquor Manufacturing Pvt Ltd     Proposed LT Bk    CRISIL D      68.4   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Leade Liquor Manufacturing Pvt Ltd     TL                CRISIL D      29.1   Reaffirmed
(Issuer Not Cooperating)
Lok Raj Saini Infra-Tech Pvt Ltd       BG                CRISIL D      5.5    Reaffirmed
(Issuer Not Cooperating)
Lok Raj Saini Infra-Tech Pvt Ltd       CC                CRISIL D      120    Reaffirmed
(Issuer Not Cooperating)
Lok Raj Saini Infra-Tech Pvt Ltd       Funded Interest TL CRISIL D     35.8   Reaffirmed
(Issuer Not Cooperating)
Lok Raj Saini Infra-Tech Pvt Ltd       WC TL             CRISIL D      98.7   Reaffirmed
(Issuer Not Cooperating)
Lord Buddha Educational Society        TL                CRISIL D      300    Reaffirmed
(Issuer Not Cooperating)
Luker Electric Technologies Pvt Ltd    CC                CRISIL        146.5  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Luker Electric Technologies Pvt Ltd    LT Loan           CRISIL        8      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Luker Electric Technologies Pvt Ltd    Proposed LT Bk    CRISIL        145.5  -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
M G Oils                               CC                CRISIL        74     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
M G Oils                               TL                CRISIL        91.9   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
M/s. Sanjay Shukla                     TL                CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Maa Annapurna Jute And Carpets         CC                CRISIL        33.5   Reaffirmed
Industries Pvt Ltd                                       B/Stable
(Issuer Not Cooperating)
Maa Annapurna Jute And Carpets         TL                CRISIL        100    Reaffirmed
Industries Pvt Ltd                                       B/Stable
(Issuer Not Cooperating)
Maa Rewa Sugars Pvt Ltd                CC                CRISIL        100    Reaffirmed
                                                         BB/Stable
Maa Rewa Sugars Pvt Ltd                TL                CRISIL        189.8  Reaffirmed
                                                         BB/Stable
Madhuban Builders                      TL                CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
Magnum Lubricants India Pvt Ltd        Foreign LOC       CRISIL        65     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Magnum Overseas India                  Letter of Comfort CRISIL        25     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Mahalaxmi Crafts and Tissues Pvt Ltd   CC                CRISIL        87     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Mahalaxmi Crafts and Tissues Pvt Ltd   Proposed LT Bk    CRISIL        1.7    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Mahalaxmi Crafts and Tissues Pvt Ltd   TL                CRISIL        50     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Mahamaya Foods and Grains Pvt Ltd      CC                CRISIL        178.5  -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Mahamaya Foods and Grains Pvt Ltd      Proposed LT Bk    CRISIL        42.5   -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Mahamaya Foods and Grains Pvt Ltd      TL                CRISIL        79     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Maharashtra Paper Company              CC                CRISIL        67.5   -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Makkar Textile                         CC                CRISIL        35     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Makkar Textile                         LT Loan           CRISIL        32     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Makkar Textile                         Proposed LT Bk    CRISIL        45     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Makkar Textile Mills Pvt Ltd           CC                CRISIL        60     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Makkar Textile Mills Pvt Ltd           Proposed TL       CRISIL        56     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Makkar Textile Mills Pvt Ltd           TL                CRISIL        85     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Malabar Highview Builders Pvt Ltd      TL                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Manav Energy And Steel Pvt Ltd         CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Megamiles Bearing Cups Pvt Ltd         CC                CRISIL C      50     Reaffirmed
(Issuer Not Cooperating)
Menacherry Industries                  CC                CRISIL        170    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Menon and Menon Ltd                    BG                CRISIL        85     Withdrawn
                                                         BBB-/Stable
Menon and Menon Ltd                    CC                CRISIL        200    Withdrawn
                                                         BBB-/Stable
Menon and Menon Ltd                    LOC               CRISIL        65     Withdrawn
                                                         BBB-/Stable
Menon and Menon Ltd                    LT Loan           CRISIL        280    Withdrawn
                                                         BBB-/Stable
Menon and Menon Ltd                    Proposed LT Bk    CRISIL        135.3  Withdrawn
                                       Loan Fac          BBB-/Stable
Meracus Mineral LLP                    CC                CRISIL        35     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Meracus Mineral LLP                    Proposed LT Bk    CRISIL        2      -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Meracus Mineral LLP                    TL                CRISIL        56     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Merge Stones                           Foreign LOC       CRISIL        20     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Merge Stones                           Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Merge Stones                           Secured Overdraft CRISIL        50     Reaffirmed
                                       Fac               B/Stable
(Issuer Not Cooperating)
Metal Craft Engineering Pvt Ltd        CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Mohan Tractors Pvt Ltd                 CC                CRISIL        120    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Mohan Tractors Pvt Ltd                 Channel Financing CRISIL        235    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Mulpuri Fisheries Pvt Ltd              CC                CRISIL        1020   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mulpuri Foods and Feeds Pvt Ltd        CC                CRISIL        620    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mulpuri Foods and Feeds Pvt Ltd        LT Loan           CRISIL        150.8  Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mulpuri Poultries                      CC                CRISIL        150    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Mulpuri Poultries                      LT Loan           CRISIL        131.1  Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
MY Bike                                CC                CRISIL D      60     Reaffirmed
(Issuer Not Cooperating)
MY Car (Bhopal) Pvt Ltd                CC                CRISIL D      350    Reaffirmed
(Issuer Not Cooperating)
MY Car (Bhopal) Pvt Ltd                Inventory Funding CRISIL D      250    Reaffirmed
                                       Fac
(Issuer Not Cooperating)
MY Car (Bhopal) Pvt Ltd                Proposed LT Bk    CRISIL D      100    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
My Equipments Pvt Ltd                  CC                CRISIL D      120    Reaffirmed
(Issuer Not Cooperating)
My Equipments Pvt Ltd                  Inventory Funding CRISIL D      130    Reaffirmed
                                       Fac
(Issuer Not Cooperating)
My Equipments Pvt Ltd                  TL                CRISIL D      10     Reaffirmed
(Issuer Not Cooperating)
MY Fone Teleservices Pvt Ltd           CC                CRISIL D      50     Reaffirmed
(Issuer Not Cooperating)
Nichrome India Ltd                     CC                CRISIL        60     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Nichrome India Ltd                     Proposed WC Fac   CRISIL        20     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Panama Wind Energy Godawari Pvt Ltd    TL                CRISIL        3706.5 Reaffirmed
                                                         BBB/Stable
Panama Wind Energy Godawari Pvt Ltd    WC Demand Loan    CRISIL        600    Reaffirmed
                                                         BBB/Stable
Parry Sugars Refinery India Pvt Ltd    FB Fac            CRISIL        3250   Reaffirmed
                                                         A+/Stable
Parry Sugars Refinery India Pvt Ltd    Non-FBL*          CRISIL        1700   Reaffirmed
                                                         A+/Stable
(*Interchangeable with fund based facility upto Rs 170 Cr)
Parry Sugars Refinery India Pvt Ltd    Non-FBL#          CRISIL        3000   Reaffirmed
                                                         A+/Stable
(#Interchangeable with fund based facility upto Rs 100 Cr)
Parry Sugars Refinery India Pvt Ltd    Non-FBL@          CRISIL        6500   Reaffirmed
                                                         A+/Stable
(@Fully interchangeable with fund based facility)
Parry Sugars Refinery India Pvt Ltd    NCD               CRISIL        350    Reaffirmed
                                                         A+/Stable
Parry Sugars Refinery India Pvt Ltd    LT Loan**         CRISIL AA-    1000   Reaffirmed
(**Guaranteed by EID Parry (India) Ltd)
Parry Sugars Refinery India Pvt Ltd    NCD**             CRISIL        1000   Reaffirmed
                                                         AA-(CE)/Stable
(**Guaranteed by EID Parry (India) Ltd)
Permeshwar Fashions Impex Pvt Ltd      Export Packing    CRISIL        382.5  -
                                       Credit            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from CRISIL BBB/Stable)
Permeshwar Fashions Impex Pvt Ltd      Standby Line of   CRISIL        70     -
                                       Credit            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from CRISIL BBB/Stable)
R.K. Steel Industries                  CC                CRISIL        150    -
                                                         B+/Stable
(Issuer Not Cooperating)
R.P. Infraventure Pvt Ltd              CC                CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
R.R. Distributors Pvt Ltd              CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rajam Snacks                           CC                CRISIL        45     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Rajam Snacks                           Proposed LT Bk    CRISIL        16     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Rajam Snacks                           TL                CRISIL        19     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
Ramji Acro Ltd                         CC                CRISIL        100    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Ramji Acro Ltd                         Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Ramji Acro Ltd                         TL                CRISIL        90     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
RMJ Modern Rice Mill                   CC                CRISIL        105    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
RMJ Modern Rice Mill                   Standby Line of   CRISIL        15     -
                                       Credit            B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
RNV Industries Pvt Ltd                 CC                CRISIL        750    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB+/Stable)
RR InfraWorks Pvt Ltd                  CC                CRISIL        65     -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB-/Stable)
SBL Energy Ltd                         CC                CRISIL        100    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
SBL Energy Ltd                         Proposed CC Limit CRISIL        100    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
SBL Energy Ltd                         TL                CRISIL        20     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Special Blasts Ltd                     CC                CRISIL        555    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Special Blasts Ltd                     Proposed FB Bk    CRISIL        80     -
                                       Limits            BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Special Blasts Ltd                     Standby Line of   CRISIL        100    Reaffirmed
                                       Credit            BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Starline Cars Pvt Ltd                  Drop Line         CRISIL        80     Reaffirmed
                                       Overdraft Fac     BB/Stable
Starline Cars Pvt Ltd                  Electronic Dealer CRISIL        480    Reaffirmed
                                       Financing         BB/Stable
                                       Scheme(e-DFS)
Starline Cars Pvt Ltd                  TL                CRISIL        34     Reaffirmed
                                                         BB/Stable
Super Sales India Ltd                  Bill Discounting  CRISIL        207.5  -
                                                         BB+/Negative
(Downgraded from CRISIL BBB+/Stable)
Super Sales India Ltd                  CC                CRISIL        575    -
                                                         BB+/Negative
(Downgraded from CRISIL BBB+/Stable)
Super Sales India Ltd                  Proposed LT Bk    CRISIL        279.8  -
                                       Loan Fac          BB+/Negative
(Downgraded from CRISIL BBB+/Stable)
Super Sales India Ltd                  Warehouse Financing CRISIL      50     -
                                                         BB+/Negative
(Downgraded from CRISIL BBB+/Stable)
Super Sales India Ltd                  WC Demand Loan    CRISIL        50     -
                                                         BB+/Negative
(Downgraded from CRISIL BBB+/Stable)
Trishul Exotic Pvt Ltd                 LT Loan           CRISIL        7.5    -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Trishul Exotic Pvt Ltd                 Proposed LT Bk    CRISIL        10     -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Veesons Energy Systems Pvt Ltd         BG                CRISIL D      140    Reaffirmed
(Issuer Not Cooperating)
Veesons Energy Systems Pvt Ltd         CC                CRISIL D      360    Reaffirmed
(Issuer Not Cooperating)
Veesons Energy Systems Pvt Ltd         LOC               CRISIL D      165    Reaffirmed
(Issuer Not Cooperating)
Veesons Energy Systems Pvt Ltd         Proposed LT Bk    CRISIL D      38.3   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Veesons Energy Systems Pvt Ltd         TL                CRISIL D      302.3  Reaffirmed
(Issuer Not Cooperating)
Veesons Energy Systems Pvt Ltd         WC TL             CRISIL D      80     Reaffirmed
(Issuer Not Cooperating)
Worldfa Exports Pvt Ltd                LT Loan           CRISIL        4      -
                                                         B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
Worldfa Exports Pvt Ltd                Proposed LT Bk    CRISIL        0.5    -
                                       Loan Fac          B+/Stable
(ISSUER NOT COOPERATING; Revised from CRISIL BB/Stable)
--------------------------------------------------------------------------------------------
$: 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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