May 16, 2019 / 5:54 AM / in 7 days

CRISIL ratings for Indian debt instruments-May 16

     May 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 15, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Automatic Electric Ltd                  BG                 CRISIL A4      25      Reaffirmed
Automatic Electric Ltd                  Inland/Import LOC  CRISIL A4      25      Reaffirmed
Croda India Company Pvt Ltd             LOC & BG           CRISIL A1      38      Reaffirmed
Crystal Industrial Syndicate Pvt Ltd    BG                 CRISIL A4+     135     Reaffirmed
Deraz Engineers                         BG                 CRISIL A4+     5       Migrated
(Issuer Not Cooperating)
Donear Industries Ltd                   BG                 CRISIL A3      60
(Issuer Not Cooperating)
Donear Industries Ltd                   LOC                CRISIL A3      140
(Issuer Not Cooperating)
Donear Industries Ltd                   Packing Credit in  CRISIL A3      93.5
                                        Foreign Currency
(Issuer Not Cooperating)
Fauji Exim Pvt Ltd                      Packing Credit     CRISIL A4      190     Migrated
(Issuer Not Cooperating)
Fauji Exim Pvt Ltd                      Proposed ST Bk     CRISIL A4      210     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Fresco Ceramic Pvt Ltd                  BG                 CRISIL A4      7       Migrated
(Issuer Not Cooperating)
G Ilangumaran                           BG                 CRISIL A4+     5       Migrated
(Issuer Not Cooperating)
Geetha Krishna Spinning Mills Pvt Ltd   BG                 CRISIL A4+     50      Migrated
(Issuer Not Cooperating)
Gimpex Imerys India Pvt Ltd             BG                 CRISIL A4+     1.7     Migrated from
                                                                                  CRISIL A4+ 
(Issuer Not Cooperating)
Ginni International Ltd                 Foreign Bill       CRISIL A3+     140     Reaffirmed
                                        Negotiation
Ginni International Ltd                 LOC & BG           CRISIL A3+     77.5    Reaffirmed
Godawari Industrial Traders             Proposed BG        CRISIL A4+     100     Migrated
(Issuer Not Cooperating)
GPI Projects Pvt Ltd                    BG                 CRISIL A4+     27.5    Reaffirmed
GPI Projects Pvt Ltd                    Inland/Import LOC  CRISIL A4+     20      Reaffirmed
Grand Motors                            BG                 CRISIL A4      17.5    Reaffirmed
Hatimi Steels                           LOC                CRISIL A4      135     Reaffirmed
                                                                                  and Withdrawn
Hindustan Industries                    Proposed NFBL      CRISIL A4+     11.6    Migrated
(Issuer Not Cooperating)
Ingersoll Rand India Ltd                LOC & BG           CRISIL A1+     870     Reaffirmed
Ingersoll Rand India Ltd                Proposed NFBL      CRISIL A1+     110     Reaffirmed
Jinaams Dress Ltd                       BG                 CRISIL A3      2.4     Upgraded from
                                                                                  CRISIL A4+
Kirloskar Corrocoat Pvt Ltd             BG                 CRISIL A3      150     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Krrish Motors Pvt Ltd                   Inventory Funding  CRISIL A4+     50      Reaffirmed
                                        Fac
M and B Footwear Pvt Ltd                LOC & BG           CRISIL A2      150     Reaffirmed
Mepro Pharmaceuticals Pvt Ltd           BG                 CRISIL A4+     2       Revised from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Mepro Pharmaceuticals Pvt Ltd           LOC                CRISIL A4+     15      Revised from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Metarolls Ispat Pvt Ltd                 BG                 CRISIL A4+     110     Revised from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Metarolls Ispat Pvt Ltd                 LOC                CRISIL A4+     200     Revised from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
MKS Constro-Venture Pvt Ltd             BG                 CRISIL A4+     350     Migrated
(Issuer Not Cooperating)
Nandan Denim Ltd                        BG                 CRISIL A3+     23.5    Revised from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Nandan Denim Ltd                        LOC                CRISIL A3+     158.5   Revised from
                                                                                  CRISIL A2 
(Issuer Not Cooperating)
P.T. Sreenivasan                        BG                 CRISIL A4+     33      Upgraded from
                                                                                  CRISIL A4
Pandit Automobiles Pvt Ltd              BG                 CRISIL A4+     10      Migrated
(Issuer Not Cooperating)
PTS HITECH PROJECTS India Pvt Ltd       BG                 CRISIL A4+     60      Upgraded from
                                                                                  CRISIL A4
Regency Nirman Ltd                      BG                 CRISIL A3+     856     Assigned
Riata Life Sciences Pvt Ltd             LOC                CRISIL A4+     10      Reaffirmed
S M Auto Engineering Pvt Ltd            BG                 CRISIL A3+     10      Reaffirmed
S M Auto Engineering Pvt Ltd            LOC                CRISIL A3+     32      Reaffirmed
Saanika Industries Pvt Ltd              BG                 CRISIL A4+     20      Withdrawn
(Issuer Not Cooperating)
Sanvi Spinning Mill Pvt Ltd             BG                 CRISIL A4      22.5    Withdrawn
(Issuer Not Cooperating)
The Shalimar Works (1980) Ltd           BG                 CRISIL A4      254.5   Reaffirmed
The Shalimar Works (1980) Ltd           LOC                CRISIL A4      10      Reaffirmed
UB Foods Pvt Ltd                        Foreign Exchange   CRISIL A4      15      Downgraded
                                        Forward                                   from CRISIL
                                                                                  A4+
UB Foods Pvt Ltd                        Import LOC Limit   CRISIL A4      15      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Utkal Mouldings Pvt Ltd                 Export Packing     CRISIL A4+     80      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Vichoor Bitu Chemicals                  BG                 CRISIL A4+     10      Reassigned
Vinora Industries                       BG                 CRISIL A4+     80      Reaffirmed
Viridis Biopharma Pvt Ltd               Packing Credit     CRISIL A2      5       Reaffirmed

LONG TERM RATINGS:
-------------------
Active Sports                           CC                 CRISIL BB-     70      Reaffirmed
Adani Green Energy (UP) Ltd             Rupee TL           Provisional    2170    Assigned
                                                           CRISIL AA(SO)^
^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with a May 6, 2015 directive by the Securities and Exchange Board of India,
'Standardising the term, rating symbol, and manner of disclosure with regards to conditional/
provisional/ in-principle ratings assigned by credit rating agencies.
Adithya Global Health care Pvt Ltd      CC                 CRISIL B       22.5
(Issuer Not Cooperating)
Adithya Global Health care Pvt Ltd      LT Loan            CRISIL B       100
(Issuer Not Cooperating)
Adithya Global Health care Pvt Ltd      Proposed LT Bk     CRISIL B       152.5
                                        Loan Fac
(Issuer Not Cooperating)
Arthi Textiles                          CC                 CRISIL B+      75      Withdrawn
Arthi Textiles                          LT Loan            CRISIL B+      28.4    Withdrawn
Arthi Textiles                          Proposed LT Bk     CRISIL B+      6.6     Withdrawn
                                        Loan Fac
Automatic Electric Ltd                  CC                 CRISIL B-      198     Downgraded
                                                                                  from CRISIL B
Automatic Electric Ltd                  Proposed LT Bk     CRISIL B-      2       Downgraded
                                        Loan Fac                                  from CRISIL B
Bay Leaf Bistro                         Secured Overdraft  CRISIL BB-     72
                                        Fac
Cargo Solar Power (Gujarat) Pvt Ltd     Proposed LT Bk     CRISIL B+      1670    Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Cargo Solar Power (Gujarat) Pvt Ltd     Rupee TL           CRISIL B+      3480    Migrated
(Issuer Not Cooperating)
Cepro Building Systems Pvt Ltd          CC                 CRISIL BB-     66
Cepro Building Systems Pvt Ltd          TL                 CRISIL BB-     54
Chintha Printing and Publishing Co. Pvt Cash TL            CRISIL B       100     Migrated
Ltd
(Issuer Not Cooperating)
Cochin Glass House Pvt Ltd              CC                 CRISIL B       95      Migrated
(Issuer Not Cooperating)
Croda India Company Pvt Ltd             CC*                CRISIL A+      40      Reaffirmed
*Fully convertible into packing credit, supplier's credit, and other fund-based facilities
Croda India Company Pvt Ltd             CC#                CRISIL A+      50      Reaffirmed
#Fully convertible into packing credit, supplier's credit, letter of credit & bank guarantee and
other fund-based facilities
Croda India Company Pvt Ltd             Proposed WC Fac    CRISIL A+      112     Reaffirmed
Crystal Industrial Syndicate Pvt Ltd    CC                 CRISIL BB+     160     Reaffirmed
Crystal Industrial Syndicate Pvt Ltd    WC Fac             CRISIL BB+     60      Reaffirmed
Deraz Engineers                         Open CC            CRISIL BB-     55      Migrated
(Issuer Not Cooperating)
Donear Industries Ltd                   CC                 CRISIL BBB-    341
(Issuer Not Cooperating)
Donear Industries Ltd                   Packing Credit     CRISIL BBB-    12.5
(Issuer Not Cooperating)
Donear Industries Ltd                   Proposed WC Fac    CRISIL BBB-    300
(Issuer Not Cooperating)
Donear Industries Ltd                   TL                 CRISIL BBB-    268.5
(Issuer Not Cooperating)
Donear Industries Ltd                   WC Demand Loan     CRISIL BBB-    1654
(Issuer Not Cooperating)
Earthcon Universal Infratech Pvt Ltd    Proposed Rupee TL  CRISIL D       250     Reaffirmed
Earthcon Universal Infratech Pvt Ltd    Rupee TL           CRISIL D       1000    Reaffirmed
East North Interconnection Co. Ltd      TL                 CRISIL AAA(SO) 400
Placed on 'Rating Watch with Developing Implications'
East North Interconnection Co. Ltd      NCD                CRISIL AAA(SO) 7825
(Reduced from Rs.810 Crore)/(Placed on 'Rating Watch with Developing Implications')
Eco Papers India Pvt Ltd                Proposed LT Bk     CRISIL BB+     100     Withdrawn
                                        Loan Fac
Eden Real Estates Pvt Ltd               Proposed LT Bk     CRISIL BB      500     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Eden Real Estates Pvt Ltd               TL                 CRISIL BB      250     Migrated
(Issuer Not Cooperating)
E-village Resorts & Ayurvedha Pvt Ltd   Proposed LT Bk     CRISIL B       170     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Forest View Resort                      LT Loan            CRISIL D       80      Migrated
(Issuer Not Cooperating)
Fresco Ceramic Pvt Ltd                  CC                 CRISIL B       30      Migrated
(Issuer Not Cooperating)
Fresco Ceramic Pvt Ltd                  TL                 CRISIL B       48.9    Migrated
(Issuer Not Cooperating)
G Ilangumaran                           CC                 CRISIL BB-     50      Migrated
(Issuer Not Cooperating)
G Ilangumaran                           Proposed LT Bk     CRISIL BB-     5       Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Ganpati Ispat                           CC                 CRISIL B+      85      Migrated from
                                                                                  CRISIL B+ and
                                                                                  Withdrawn
(Issuer Not Cooperating)
Geetha Krishna Spinning Mills Pvt Ltd   Secured Overdraft  CRISIL BB-     120     Migrated
                                        Fac
(Issuer Not Cooperating)
Gem Corpochem Pvt Ltd                   CC                 CRISIL BB+     180     Revised from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Gem Corpochem Pvt Ltd                   Proposed LT Bk     CRISIL BB+     70      Revised from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Gimpex-Imerys India Pvt Ltd             CC                 CRISIL BB+     120     Migrated from
                                                                                  CRISIL BB+
                                                                                  and Withdrawn
(Issuer Not Cooperating)
Gimpex-Imerys India Pvt Ltd             Proposed CC Limit  CRISIL BB+     18.3    Migrated from
                                                                                  CRISIL BB+
                                                                                  and Withdrawn
(Issuer Not Cooperating)
Ginni International Ltd                 CC                 CRISIL BBB     1000    Reaffirmed
Ginni International Ltd                 LT Loan            CRISIL BBB     459.6   Reaffirmed
Ginni International Ltd                 Proposed LT Bk     CRISIL BBB     542.9   Reaffirmed
                                        Loan Fac
Godawari Industrial Traders             Proposed CC Limit  CRISIL BB-     100     Migrated
(Issuer Not Cooperating)
Godawari Industrial Traders             Proposed LT Bk     CRISIL BB-     100     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Goyal Sons Zaveri Pvt Ltd               Drop Line          CRISIL BB      30      Withdrawn
                                        Overdraft Fac
(Issuer Not Cooperating)
Goyal Sons Zaveri Pvt Ltd               Electronic Dealer  CRISIL BB      120     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
GPI Projects Pvt Ltd                    CC                 CRISIL BB-     12.5    Reaffirmed
GR Projects - Chennai                   CC                 CRISIL B       100     Migrated
(Issuer Not Cooperating)
Grand Motors                            CC                 CRISIL B+      30      Upgraded from
                                                                                  CRISIL B
Grand Motors                            Inventory Funding  CRISIL B+      42.5    Upgraded from
                                        Fac                                       CRISIL B
Hatimi Steels                           CC                 CRISIL B+      365     Reaffirmed
                                                                                  and Withdrawn
Himalayan Theatres Pvt Ltd              LT Loan            CRISIL B-      59      Migrated
(Issuer Not Cooperating)
Hindustan Industries                    CC                 CRISIL BB-     45      Migrated
(Issuer Not Cooperating)
Hindustan Industries                    Rupee TL           CRISIL BB-     13.4    Migrated
(Issuer Not Cooperating)
Home Grown Nursery And Farms            CC                 CRISIL BB      50      Reaffirmed
Indian Receivable Trust 12(Originator:  Series A PTCs      CRISIL AAA (SO)-       Downgraded
Reliance Capital Ltd)
placed on 'Rating Watch with Negative Implications'
Ingersoll Rand India Ltd                CC                 CRISIL AA+     20
Placed on 'Rating Watch with Developing Implications'
Insight Business Machines Pvt Ltd       BG#                CRISIL BB+     80      Withdrawn
(Issuer Not Cooperating)# Sublimit of Cash Credit up to Rs.4 cr
Insight Business Machines Pvt Ltd       CC                 CRISIL BB+     20      Withdrawn
(Issuer Not Cooperating)
Jinaams Dress Ltd                       CC                 CRISIL BBB-    300     Upgraded from
                                                                                  CRISIL BB+
Jinaams Dress Ltd                       TL                 CRISIL BBB-    67.6    Upgraded from
                                                                                  CRISIL BB+
Kirloskar Corrocoat Pvt Ltd             CC                 CRISIL BBB-    40      Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Krrish Motors Pvt Ltd                   CC/ Overdraft Fac  CRISIL BB+     27.5    Reaffirmed
Lalit Polyplast Pvt Ltd                 CC                 CRISIL B+      60      Withdrawn
(Issuer Not Cooperating)
Laxmi Rice Mill - Maharajganj           CC                 CRISIL BB-     65      Withdrawn
(Issuer Not Cooperating)
Laxmi Rice Mill - Maharajganj           LT Loan            CRISIL BB-     26.2    Withdrawn
(Issuer Not Cooperating)
M and B Footwear Pvt Ltd                CC                 CRISIL BBB     250     Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Mangaldas Venichand                     CC                 CRISIL BB+     100     Reaffirmed
Mepro Pharmaceuticals Pvt Ltd           CC                 CRISIL BB+     35      Revised from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Mepro Pharmaceuticals Pvt Ltd           Proposed LT Bk     CRISIL BB+     73      Revised from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Metarolls Ispat Pvt Ltd                 CC                 CRISIL BB+     350     Revised from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Metarolls Ispat Pvt Ltd                 Proposed LT Bk     CRISIL BB+     223     Revised from
                                        Loan Fac                                  CRISIL BBB-
(Issuer Not Cooperating)
Metarolls Ispat Pvt Ltd                 TL                 CRISIL BB+     390     Revised from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
MKS Constro-Venture Pvt Ltd             CC                 CRISIL BB      200     Migrated
(Issuer Not Cooperating)
Nainani Medico                          CC                 CRISIL BB      100     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Nainani Medico                          Drop Line          CRISIL BB      18.8    Assigned;
                                        Overdraft Fac                             Suspension
                                                                                  Revoked
Nainani Medico                          Proposed LT Bk     CRISIL BB      21.2    Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Nainani Medico                          LT Loan            CRISIL BB      60      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Nandan Denim Ltd                        CC                 CRISIL BBB     1030    Revised from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Nandan Denim Ltd                        Corporate Loan     CRISIL BBB     250     Revised from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Nandan Denim Ltd                        TL                 CRISIL BBB     3144.8  Revised from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
P.T. Sreenivasan                        CC/ Overdraft Fac  CRISIL BB-     10      Upgraded from
                                                                                  CRISIL B
P.T. Sreenivasan                        Proposed LT Bk     CRISIL BB-     27      Upgraded from
                                        Loan Fac                                  CRISIL B
Pandit Automobiles Pvt Ltd              CC                 CRISIL BB+     120     Migrated
(Issuer Not Cooperating)
Pandit Automobiles Pvt Ltd              Proposed LT Bk     CRISIL BB+     6.5     Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Pandit Automobiles Pvt Ltd              TL                 CRISIL BB+     10      Migrated
(Issuer Not Cooperating)
Parampujya Solar Energy Pvt Ltd         Rupee TL           Provisional    5170    Assigned
                                                           CRISIL AA(SO)
Parker VRC Infrastructure Pvt Ltd       Rupee TL           CRISIL D       450     Withdrawn
(Issuer Not Cooperating)
Pramara Promotions Pvt Ltd              Bill Discounting   CRISIL BBB-    72      Reaffirmed
Pramara Promotions Pvt Ltd              CC                 CRISIL BBB-    122     Reaffirmed
Pramara Promotions Pvt Ltd              Overdraft          CRISIL BBB-    26      Reaffirmed
Prayatna Developers Pvt Ltd             Rupee TL           Provisional    3660    Assigned
                                                           CRISIL AA(SO)^
^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with a May 6, 2015 directive by the Securities and Exchange Board of India,
'Standardising the term, rating symbol, and manner of disclosure with regards to conditional/
provisional/ in-principle ratings assigned by credit rating agencies.
PTS HITECH PROJECTS India Pvt Ltd       CC                 CRISIL BB-     50      Upgraded from
                                                                                  CRISIL B+
Rajdhani Educational Charitable Trust   LT Loan            CRISIL D       75      Assigned
Ratnadeep Super Market Pvt Ltd          CC/ Overdraft Fac  CRISIL BB+     300     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Regency Nirman Ltd                      LT Loan            CRISIL BBB     84      Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Regency Nirman Ltd                      Overdraft          CRISIL BBB     700     Migrated from
                                                                                  CRISIL BB+
(Issuer Not Cooperating)
Riata Life Sciences Pvt Ltd             Proposed LT Bk     CRISIL BB+     90      Reaffirmed
                                        Loan Fac
S M Auto Engineering Pvt Ltd            CC                 CRISIL BBB     400     Reaffirmed
S M Auto Engineering Pvt Ltd            Rupee TL           CRISIL BBB     500     Reaffirmed
S. Pyarelal Ispat Pvt Ltd               CC                 CRISIL BB+     140     Withdrawn
(Issuer Not Cooperating)
S. Pyarelal Ispat Pvt Ltd               TL                 CRISIL BB+     52      Withdrawn
(Issuer Not Cooperating)
S. S. Diamonds                          CC                 CRISIL BB-     60      Withdrawn
S. S. Diamonds                          Proposed LT Bk     CRISIL BB-     5       Withdrawn
                                        Loan Fac
Saanika Industries Pvt Ltd              CC                 CRISIL BB+     238     Withdrawn
(Issuer Not Cooperating)
Saanika Industries Pvt Ltd              LT Loan            CRISIL BB+     252     Withdrawn
(Issuer Not Cooperating)
Saanika Industries Pvt Ltd              Proposed LT Bk     CRISIL BB+     2.4     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Saanika Industries Pvt Ltd              Standby Line of    CRISIL BB+     47.6    Withdrawn
                                        Credit
(Issuer Not Cooperating)
Sanvi Spinning Mill Pvt Ltd             CC                 CRISIL B       50      Withdrawn
(Issuer Not Cooperating)
Sanvi Spinning Mill Pvt Ltd             TL                 CRISIL B       345     Withdrawn
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         Bill Discounting   CRISIL D       6.8     Migrated
                                        under LOC
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         Funded Interest TL CRISIL D       35.7    Migrated
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         LT Loan            CRISIL D       283.8   Migrated
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         Open CC            CRISIL D       35      Migrated
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         WC Demand Loan     CRISIL D       44.8    Migrated
(Issuer Not Cooperating)
Saradambika Power Plant Pvt Ltd         WC TL              CRISIL D       43.9    Migrated
(Issuer Not Cooperating)
SGRD Healthcare Pvt Ltd                 TL                 CRISIL B+      154
(Issuer Not Cooperating)
Shah Marketing Corporation              CC                 CRISIL BB+     100     Reaffirmed
SM Exhaust Technology Pvt Ltd           CC                 CRISIL BBB-    150     Reaffirmed
SM Exhaust Technology Pvt Ltd           Rupee TL           CRISIL BBB-    155     Reaffirmed
Sri Krishna Diamonds & Jewellery        Proposed LT Bk     CRISIL BB+     200     Withdrawn
                                        Loan Fac
Superhouse Education Foundation         CC/ Overdraft Fac  CRISIL BB+     50      Withdrawn
(Issuer Not Cooperating)
Superhouse Education Foundation         LT Loan            CRISIL BB+     280.2   Withdrawn
(Issuer Not Cooperating)
Superhouse Education Foundation         Proposed LT Bk     CRISIL BB+     16.8    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Suyog Constructions                     CC                 CRISIL BB-     50      Assigned
Swastik Chemicals                       CC                 CRISIL BB-     90      Upgraded from
                                                                                  CRISIL B+
Synergia Life Sciences Pvt Ltd          CC                 CRISIL BBB+    20      Reaffirmed
Synergia Life Sciences Pvt Ltd          Proposed LT Bk     CRISIL BBB+    80      Reaffirmed
                                        Loan Fac
Tamilnadu State Transport Corporation   CC                 CRISIL BB-     130     Migrated
(Madurai) Ltd
(Issuer Not Cooperating)
The Shalimar Works (1980) Ltd           CC/ Overdraft Fac  CRISIL C       60      Reaffirmed
The Shalimar Works (1980) Ltd           Proposed LT Bk     CRISIL C       225.5   Reaffirmed
                                        Loan Fac
UB Foods Pvt Ltd                        CC                 CRISIL B+      45      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
UB Foods Pvt Ltd                        Proposed LT Bk     CRISIL B+      25      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Utkal Mouldings Pvt Ltd                 CC                 CRISIL BB+     30      Reaffirmed
Vichoor Bitu Chemicals                  CC                 CRISIL BB-     55      Reaffirmed
Vichoor Bitu Chemicals                  Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Vichoor Bitu Chemicals                  LT Loan            CRISIL BB-     20      Reaffirmed
Vinora Industries                       CC                 CRISIL BB-     30      Reaffirmed
Vinora Industries                       Proposed LT Bk     CRISIL BB-     20      Reaffirmed
                                        Loan Fac
Viridis Biopharma Pvt Ltd               CC                 CRISIL BBB+    15      Reaffirmed
Viridis Biopharma Pvt Ltd               Proposed LT Bk     CRISIL BBB+    80      Reaffirmed
                                        Loan Fac
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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