May 2, 2018 / 6:56 AM / 3 months ago

CRISIL ratings for Indian debt instruments-May 2

    May 2 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of April 30, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aditya Auto Products and Engineering    Export Packing     CRISIL A2      60      Reaffirmed
India Pvt Ltd                           Credit
Aditya Auto Products and Engineering    LOC                CRISIL A2      130     Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Packing Credit     CRISIL A2      238.5   Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Vendor Financing   CRISIL A2      70      Reaffirmed
India Pvt Ltd
Akshar Electric Panel Boards            LOC                CRISIL A4+     10      Assigned
Akshar Electric Panel Boards            BG                 CRISIL A4+     20      Assigned
Alpna Visual Packaging Aids             Overdraft          CRISIL A4      15      Reaffirmed
Anil Kumar Biswal                       BG                 CRISIL A4+     9       Upgraded from
                                                                                  CRISIL A4
Anil Kumar Biswal                       LOC                CRISIL A4+     6       Upgraded from
                                                                                  CRISIL A4
Aroma Craft and Tissues Pvt Ltd         LOC                CRISIL A3      20      Reassigned
Aurangabad Electricals Ltd              Bill Discounting*  CRISIL A2+     550     Upgraded from
* Fully Interchangeable with Export Bill Discounting                              CRISIL A2
Aurangabad Electricals Ltd              Bill Discounting   CRISIL A2+     300     Upgraded from
                                                                                  CRISIL A2
Aurangabad Electricals Ltd              LOC & BG*          CRISIL A2+     100     Upgraded from
* Fully Interchangeable with Export Bill Discounting                              CRISIL A2 
Aurangabad Electricals Ltd              LOC & BG**         CRISIL A2+     100     Upgraded from
** Interchangeable with Export Bill Discounting upto 4 Crore.                     CRISIL A2
Aurangabad Electricals Ltd              LOC & BG           CRISIL A2+     200     Upgraded from
                                                                                  CRISIL A2
Bhargab Engineering Works               Packing Credit     CRISIL A4      60      Reaffirmed
Brij Construction and Engineers         BG                 CRISIL A4+     85      Assigned
Chennai Petroleum Corporation Ltd       LOC & BG           CRISIL A1+     1840    Reaffirmed
Chennai Petroleum Corporation Ltd       ST Bk Fac          CRISIL A1+     8739    Reaffirmed
Chennai Petroleum Corporation Ltd       CP Programme       CRISIL A1+     50000   Reaffirmed
CHW Forge Pvt Ltd                       LOC & BG           CRISIL A2+     280     Reaffirmed
CHW Forge Pvt Ltd                       CP                 CRISIL A2+     400     Assigned
Desai Construction Pvt Ltd              BG                 CRISIL A1      300     Reaffirmed
Digi Drives Pvt Ltd                     BG                 CRISIL A4+     23      Reaffirmed
Digi Drives Pvt Ltd                     LOC                CRISIL A4+     25      Reaffirmed
Enayat Overseas                         Export Packing     CRISIL A3      320     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Falcon Marine Exports Ltd               Export Packing     CRISIL A1+     1230    Upgraded from
                                        Credit                                    CRISIL A1
Falcon Marine Exports Ltd               LOC & BG           CRISIL A1+     205     Upgraded from
                                                                                  CRISIL A1
Falcon Marine Exports Ltd               Post Shipment      CRISIL A1+     612     Upgraded from
                                        Credit                                    CRISIL A1
Future Automobile Agency Pvt Ltd        BG                 CRISIL A4+     3       Reaffirmed
Future Businesstech India Pvt Ltd       BG                 CRISIL A4+     60      Reaffirmed
G.Sankar Timber Depot                   LOC                CRISIL A4      35      Assigned
Ganges Jute Pvt Ltd                     BG                 CRISIL A2      200     Reaffirmed
Ganges Jute Pvt Ltd                     LOC                CRISIL A2      400     Reaffirmed
GCKC Projects and Works Pvt Ltd         BG                 CRISIL A3+     380     Upgraded from
                                                                                  CRISIL A3
GCKC Projects and Works Pvt Ltd         Inland Guarantees  CRISIL A3+     250     Upgraded from
                                                                                  CRISIL A3
GCKC Projects and Works Pvt Ltd         LOC Bill           CRISIL A3+     40      Upgraded from
                                        Discounting                               CRISIL A3
GCKC Projects and Works Pvt Ltd         LOC & BG           CRISIL A3+     180     Upgraded from
                                                                                  CRISIL A3
Gloster Ltd                             BG                 CRISIL A1      40      Reaffirmed
Gloster Ltd                             LOC                CRISIL A1      200     Reaffirmed
Gloster Ltd                             CP                 CRISIL A1      500     Reaffirmed 
Gunina Alloy And Steel Pvt Ltd          BG                 CRISIL A4+     5       Assigned
Harinagar Sugar Mills Ltd               BG                 CRISIL A3+     87.1    Downgraded
                                                                                  from CRISIL A2
ICICI Securities Primary Dealership Ltd ST Debt            CRISIL A1+     10000   Reaffirmed 
IMP Energy Ltd                          BG                 CRISIL A4      120     Revised from
                                                                                  CRISIL A4+ to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL A4
IMP Energy Ltd                          LOC                CRISIL A4      40      Revised from
                                                                                  CRISIL A4+ to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL A4
Imperial Auto Industries Ltd            LOC & BG           CRISIL A1      85      Reaffirmed
Indian Hair Industries Pvt Ltd          Export Packing     CRISIL A3+     150     Downgraded
                                        Credit                                    from CRISIL A2
Indian Hair Industries Pvt Ltd          Foreign Bill       CRISIL A3+     485     Downgraded
                                        Discounting                               from CRISIL A2
Indian Hair Industries Pvt Ltd          Foreign Exchange   CRISIL A3+     5       Downgraded
                                        Forward                                   from CRISIL A2
Indian Hair Industries Pvt Ltd          Packing Credit     CRISIL A3+     300     Downgraded
                                                                                  from CRISIL A2
Joshi Automobiles Pvt Ltd               LOC & BG           CRISIL A4+     1       Assigned
Kaar Technologies India Pvt Ltd         BG                 CRISIL A3      115     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
Kaar Technologies India Pvt Ltd         Packing Credit in  CRISIL A3      30      Downgraded
                                        Foreign Currency                          from CRISIL
                                                                                  A3+
Kartik Construction Company             BG                 CRISIL A4      30      Reaffirmed
Kerala Transport Company                BG                 CRISIL A4      30      Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating)
Kirloskar Corrocoat Pvt Ltd             BG                 CRISIL A3+     150     Reaffirmed
KMS Coach Builders Pvt Ltd              BG                 CRISIL A3      50      Assigned
Kumar Steel India                       Foreign Exchange   CRISIL A4+     8.8     Reaffirmed
                                        Forward
Kumar Steel India                       LOC                CRISIL A4+     420     Reaffirmed
Kurseong Carriers Pvt Ltd               Letter Of GuaranteeCRISIL A4      50      Assigned
Machine Tools India Ltd                 Letter Of GuaranteeCRISIL A4+     70      Downgraded
                                                                                  from CRISIL A3
Matheson Bosanquet Enterprises Pvt Ltd  Proposed Packing   CRISIL A3      20      Assigned
                                        Credit
Matheson Bosanquet Enterprises Pvt Ltd  Export Packing     CRISIL A3      28.5    Assigned
                                        Credit
Matheson Bosanquet Enterprises Pvt Ltd  CC & WC demand loanCRISIL A3      23      Assigned
Matheson Bosanquet Enterprises Pvt Ltd  Export Bill        CRISIL A3      28.5    Assigned
                                        Rediscounting
Meher Foundations and Civil Engineers   BG                 CRISIL A2      250     Upgraded from
Pvt Ltd                                                                           CRISIL A3+
Muthoot Microfin Ltd                    CP                 CRISIL A1      500
Navkar Corporation Ltd                  BG                 CRISIL A1      500
(Issuer Not Cooperating)
Numaligarh Refinery Ltd                 LOC & BG           CRISIL A1+     700     Reaffirmed
Numaligarh Refinery Ltd                 Proposed LOC#      CRISIL A1+     300     Reaffirmed
#Interchangeable with Bank Guarantee 
Numaligarh Refinery Ltd                 Proposed ST Bk     CRISIL A1+     2000    Reaffirmed
                                        Loan Fac
P. C. Cherian                           BG                 CRISIL A4      12      Assigned
P. C. I. Cables Industries Pvt Ltd      BG                 CRISIL A4+     25      Assigned
P. C. I. Cables Industries Pvt Ltd      Bill Discounting   CRISIL A4+     150     Assigned
                                        under LOC
P. Dasaratharama Reddy                  BG                 CRISIL A4+     240     Assigned
Prathista Industries Ltd                LOC                CRISIL A4+     50      Reaffirmed
Quality Power Electrical Equipments Pvt BG                 CRISIL A3+     28      Upgraded from
Ltd                                                                               CRISIL A3
Quality Power Electrical Equipments Pvt Inland/Import LOC  CRISIL A3+     27      Upgraded from
Ltd                                                                               CRISIL A3
Raghav Productivity Enhancers Ltd       Bill Discounting   CRISIL A3      2.5     Upgraded from
                                        under LOC                                 CRISIL A4+
Rishabh Instruments Pvt Ltd             LOC                CRISIL A3+     30      Reaffirmed
Sarita Handa Exports Pvt Ltd            Packing Credit     CRISIL A2      300     Reaffirmed
Security Products Pvt Ltd               BG                 CRISIL A3      100     Reaffirmed
Shanti Gopal Concast Ltd                Letter Of GuaranteeCRISIL A4+     209.4   Assigned;
                                                                                  Suspension
                                                                                  revoked
Shantivijay Jewels Ltd                  Packing Credit     CRISIL A4+     200     Reaffirmed
Shoft Shipyard Pvt Ltd                  BG                 CRISIL A3+     850     Reaffirmed
Shoft Shipyard Pvt Ltd                  LOC                CRISIL A3+     10      Reaffirmed
Solar Industries India Ltd              LOC & BG           CRISIL A1+     3200    Reaffirmed
Solar Industries India Ltd              CP                 CRISIL A1+     500     Reaffirmed 
Stolt Rail Logistic Systems Ltd         BG                 CRISIL A4      20      Reaffirmed
Sun Particle Board Pvt Ltd              BG                 CRISIL A4      5.5     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sundaram BNP Paribas Home Finance Ltd   CP                 CRISIL A1+     10000   Reaffirmed 
The United Provinces Sugar Co. Ltd      BG                 CRISIL A4      2       Reaffirmed
The United Provinces Sugar Co. Ltd      Import LOC Limit   CRISIL A4      3.5     Reaffirmed
Tibrewala Electronics Ltd               LOC                CRISIL A2      230     Reaffirmed
UPS Constructions Pvt Ltd               BG                 CRISIL A4+     150     Assigned
Voestalpine VAE VKN India Pvt. Ltd      BG                 CRISIL A3+     350     Reaffirmed
Voxco Pigments and Chemicals Pvt Ltd    LOC                CRISIL A4+     35.5    Assigned
Winsome Knit Garments                   Packing Credit     CRISIL A4+     38      Assigned
MEDIUM TERM RATINGS:
-------------------
Sundaram BNP Paribas Home Finance Ltd   FD                 FAAA           -       Reaffirmed 

LONG TERM RATINGS:
-------------------
Aan Motors Pvt Ltd                      CC                 CRISIL B       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Aan Motors Pvt Ltd                      Electronic Dealer  CRISIL B       100     Downgraded
                                        Financing                                 from CRISIL
                                        Scheme(e-DFS)                             BB-
Aan Motors Pvt Ltd                      TL                 CRISIL B       63      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Aditya Auto Products and Engineering    Bill Discounting   CRISIL BBB+    56.5    Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    CC                 CRISIL BBB+    365     Reaffirmed
India Pvt Ltd
Aditya Auto Products and Engineering    Corporate Loan     CRISIL BBB+    150     Reaffirmed
India Pvt Ltd
Akshar Electric Panel Boards            Proposed TL        CRISIL BB-     35      Assigned
Akshar Electric Panel Boards            CC                 CRISIL BB-     20      Assigned
Akshat Apartments Pvt Ltd               Drop Line          CRISIL BB+     78.7    Reaffirmed
                                        Overdraft Fac
Akshat Apartments Pvt Ltd               TL                 CRISIL BB+     150     Reaffirmed
Alok Industries                         CC                 CRISIL A-      20      Reaffirmed
Alok Industries                         Proposed LT Bk     CRISIL A-      180     Withdrawn
                                        Loan Fac
Alok Masterbatches Pvt Ltd              CC                 CRISIL A-      24.5    Reaffirmed
Alok Masterbatches Pvt Ltd              WC Fac             CRISIL A-      400     Reaffirmed
Alpna Visual Packaging Aids             Proposed FB Bk     CRISIL B       4       Reaffirmed
                                        Limits
Alpna Visual Packaging Aids             TL                 CRISIL B       41      Reaffirmed
Aluminium and Allied Centre (TVLA)      Overdraft          CRISIL B+      49      Assigned
Aluminium and Allied Centre (TVLA)      Proposed WC Fac    CRISIL B+      18.4    Assigned
Anil Kumar Biswal                       CC                 CRISIL BB-     85      Upgraded from
                                                                                  CRISIL B+
Anjali Hotels Pvt Ltd                   CC                 CRISIL BB+     80      Upgraded from
                                                                                  CRISIL BB
Anjali Hotels Pvt Ltd                   TL                 CRISIL BB+     154.5   Upgraded from
                                                                                  CRISIL BB
Anshul Life Sciences                    CC                 CRISIL BB+     275     Assigned
Aroma Craft and Tissues Pvt Ltd         CC                 CRISIL BBB-    100     Reaffirmed
Aroma Craft and Tissues Pvt Ltd         LT Loan            CRISIL BBB-    23.6    Reaffirmed
Aurangabad Electricals Ltd              LT Loan            CRISIL A-      1020.7  Upgraded from
                                                                                  CRISIL BBB+
Aurangabad Electricals Ltd              Proposed LT Bk     CRISIL A-      9.3     Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Bay Leaf Bistro                         Secured Overdraft  CRISIL BB-     72      Assigned
                                        Fac
BCV Developers Pvt Ltd                  TL                 CRISIL BBB+    1900    Reaffirmed
Bhargab Engineering Works               CC                 CRISIL B+      100     Upgraded from
                                                                                  CRISIL B
Bhargab Engineering Works               Foreign Bill       CRISIL B+      20      Upgraded from
                                        Discounting                               CRISIL B
Bhargab Engineering Works               TL                 CRISIL B+      7.9     Upgraded from
                                                                                  CRISIL B
Bhargab Engineering Works               Proposed LT Bk     CRISIL B+      12.1    Upgraded from
                                        Loan Fac                                  CRISIL B
Brigade Enterprises Ltd                 Proposed LT Bk     CRISIL A       3500    Reaffirmed
                                        Loan Fac
Brij Construction and Engineers         Overdraft          CRISIL BB-     40      Assigned
C A G Construction Equipment Pvt Ltd    CC                 CRISIL BB+     70      Assigned
C A G Construction Equipment Pvt Ltd    Drop Line          CRISIL BB+     30      Assigned
                                        Overdraft Fac
Canply India Pvt Ltd                    CC                 CRISIL B+      60      Assigned
Canply India Pvt Ltd                    Foreign LOC        CRISIL B+      10      Assigned
Chennai Petroleum Corporation Ltd       CC                 CRISIL AAA     25000   Reaffirmed
Chennai Petroleum Corporation Ltd       Packing Credit*    CRISIL AAA     15000   Reaffirmed
*One way interchangeability with CC 
Chennai Petroleum Corporation Ltd       Proposed LT Bk     CRISIL AAA     2450    Reaffirmed
                                        Loan Fac
Chennai Petroleum Corporation Ltd       NCD                CRISIL AAA     10000   Reaffirmed
CHW Forge Pvt Ltd                       CC                 CRISIL A-      310     Reaffirmed
CHW Forge Pvt Ltd                       External           CRISIL A-      554.9   Reaffirmed
                                        Commercial
                                        Borrowings
CHW Forge Pvt Ltd                       LT Loan            CRISIL A-      400     Reaffirmed
CHW Forge Pvt Ltd                       Proposed LT Bk     CRISIL A-      255.1   Reaffirmed
                                        Loan Fac
CHW Forge Pvt Ltd                       TL                 CRISIL A-      100     Reaffirmed
CHW Forge Pvt Ltd                       WC Fac             CRISIL A-      200     Reaffirmed
Corial Ceramic Pvt Ltd                  TL                 CRISIL B+      110     Assigned
Corial Ceramic Pvt Ltd                  CC                 CRISIL B+      60      Assigned
Corial Ceramic Pvt Ltd                  Proposed LT Bk     CRISIL B+      20      Assigned
                                        Loan Fac
Davi Engineering Pvt Ltd                CC                 CRISIL BB+     35      Withdrawn
(Issuer Not Cooperating)
Davi Engineering Pvt Ltd                Proposed LT Bk     CRISIL BB+     0.2     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Davi Engineering Pvt Ltd                TL                 CRISIL BB+     69.8    Withdrawn
(Issuer Not Cooperating)
Desai Construction Pvt Ltd              BG                 CRISIL A-      100     Reassigned
Diageo India Pvt Ltd                    CC*                CRISIL AA-     100     Reaffirmed
*Interchangeable with overdraft limit and working capital demand loans.
Diageo India Pvt Ltd                    WC Demand Loan     CRISIL AA-     1300    Reaffirmed
Digi Drives Pvt Ltd                     CC                 CRISIL BB      145     Reaffirmed
Digi Drives Pvt Ltd                     TL                 CRISIL BB      27.5    Reaffirmed
Digi Drives Pvt Ltd                     Proposed LT Bk     CRISIL BB      29.5    Reaffirmed
                                        Loan Fac
Enayat Overseas                         Proposed TL        CRISIL BBB-    5.9     Reaffirmed
Enayat Overseas                         TL                 CRISIL BBB-    20      Reaffirmed
Falcon Marine Exports Ltd               Standby Line of    CRISIL A+      88      Upgraded from
                                        Credit                                    CRISIL A
Future Automobile Agency Pvt Ltd        Drop Line          CRISIL BB-     20      Reaffirmed
                                        Overdraft Fac
Future Automobile Agency Pvt Ltd        Electronic Dealer  CRISIL BB-     100     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Future Automobile Agency Pvt Ltd        Proposed LT Bk     CRISIL BB-     82      Reaffirmed
                                        Loan Fac
Future Businesstech India Pvt Ltd       CC/ Overdraft Fac  CRISIL BB      40      Reaffirmed
G.Sankar Timber Depot                   Proposed LT Bk     CRISIL B+      5       Assigned
                                        Loan Fac
G.Sankar Timber Depot                   CC                 CRISIL B+      20      Assigned
Ganges Jute Pvt Ltd                     CC                 CRISIL BBB+    200     Reaffirmed
Ganges Jute Pvt Ltd                     Packing Credit     CRISIL BBB+    550     Reaffirmed
Ganges Jute Pvt Ltd                     Proposed LT Bk     CRISIL BBB+    381.6   Reaffirmed
                                        Loan Fac                                  
Ganges Jute Pvt Ltd                     TL                 CRISIL BBB+    130     Reaffirmed
GCKC Projects and Works Pvt Ltd         CC                 CRISIL BBB     310     Upgraded from
                                                                                  CRISIL BBB-
GCKC Projects and Works Pvt Ltd         Proposed LT Bk     CRISIL BBB     110     Upgraded from
                                        Loan Fac                                  CRISIL BBB-
GCKC Projects and Works Pvt Ltd         TL                 CRISIL BBB     185     Upgraded from
                                                                                  CRISIL BBB-
Gloster Ltd                             CC                 CRISIL A+      770     Upgraded from
                                                                                  CRISIL A
Gloster Ltd                             LT Loan            CRISIL A+      16.6    Upgraded from
                                                                                  CRISIL A
Gloster Ltd                             Proposed LT Bk     CRISIL A+      343.4   Upgraded from
                                        Loan Fac                                  CRISIL A
Gloster Ltd                             WC Demand Loan     CRISIL A+      130     Upgraded from
                                                                                  CRISIL A
Grover Agro Food Pvt Ltd                TL                 CRISIL B-      52      Downgraded
                                                                                  from CRISIL B
Gujarat Ambuja Exports Ltd              CC*                CRISIL A+      10000   Reaffirmed
*Limits can be used interchangeably with Letter of Credit, Export Packing Credit/Pre-shipment
Credit in Foreign Currency, Export bills, Working Capital Demand Loan, Trade credit for imports,
Bank Guarantee, Vendor finance, Customer Finance, FCNR
Gujarat Ambuja Exports Ltd              CC*                CRISIL A+      600     Reaffirmed
*Limits can be used interchangeably with Letter of Credit, Export Packing Credit/Pre-shipment
Credit in Foreign Currency, Export bills, Working Capital Demand Loan, Trade credit for imports,
Bank Guarantee, Vendor finance, Customer Finance, FCNR
Gujarat Ambuja Exports Ltd              Proposed FB Bk     CRISIL A+      164     Reaffirmed
                                        Limits
Gunina Alloy And Steel Pvt Ltd          Proposed LT Bk     CRISIL BB-     35      Assigned
                                        Loan Fac
Gunina Alloy And Steel Pvt Ltd          Proposed CC Limit  CRISIL BB-     40      Assigned
Gunina Alloy And Steel Pvt Ltd          CC                 CRISIL BB-     20      Assigned
Harinagar Sugar Mills Ltd               CC                 CRISIL BBB     2600    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
Harinagar Sugar Mills Ltd               Proposed LT Bk     CRISIL BBB     683.6   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
Harinagar Sugar Mills Ltd               TL                 CRISIL BBB     85.2    Downgraded
                                                                                  from CRISIL
                                                                                  BBB+
iBus Network And Infrastructure Pvt Ltd Proposed LT Bk     CRISIL BB      80      Assigned
                                        Loan Fac
iBus Network And Infrastructure Pvt Ltd TL                 CRISIL BB      120     Assigned
ICICI Securities Primary Dealership Ltd Tier II Bonds      CRISIL AAA     4900    Reaffirmed
IMP Energy Ltd                          CC                 CRISIL B-      20      Revised from
                                                                                  CRISIL BB- to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL B-
IMP Energy Ltd                          Proposed BG        CRISIL B-      40      Revised from
                                                                                  CRISIL BB- to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL B-
Imperial Auto Industries Ltd            CC*                CRISIL A       1920    Reaffirmed
*fully interchangeable with post shipment loans 
Imperial Auto Industries Ltd            TL                 CRISIL A       345     Reaffirmed
Indian Finance Guaranty Ltd             Proposed LT Bk     CRISIL B       100     Assigned
                                        Loan Fac
Indian Hair Industries Pvt Ltd          Proposed LT Bk     CRISIL BBB     10      Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB+
Indus Udyog and Infrastructure Pvt Ltd  CC                 CRISIL BB+     90
(Issuer Not Cooperating)
Indus Udyog and Infrastructure Pvt Ltd  LT Loan            CRISIL BB+     40
(Issuer Not Cooperating)
Indus Udyog and Infrastructure Pvt Ltd  Overdraft          CRISIL BB+     60
(Issuer Not Cooperating)
Indus Udyog and Infrastructure Pvt Ltd  Proposed LT Bk     CRISIL BB+     110
                                        Loan Fac
(Issuer Not Cooperating)
Infinium Pharmachem Pvt Ltd             CC                 CRISIL B+      50      Withdrawn
(Issuer Not Cooperating)
Infinium Pharmachem Pvt Ltd             TL                 CRISIL B+      12.5    Withdrawn 
(Issuer Not Cooperating)
Joshi Automobiles Pvt Ltd               Electronic Dealer  CRISIL BB+     139     Assigned
                                        Financing
                                        Scheme(e-DFS)
Jyote Motors Pvt Ltd                    CC                 CRISIL BB      50      Assigned
Jyote Motors Pvt Ltd                    Electronic Dealer  CRISIL BB      550     Assigned
                                        Financing
                                        Scheme(e-DFS)
K M Gourish and Others                  Proposed LT Bk     CRISIL BB-     90      Assigned
                                        Loan Fac
K. B. Rice Mills                        CC                 CRISIL B       90      Reaffirmed
K. B. Rice Mills                        Rupee TL           CRISIL B       30      Reaffirmed
Kaar Technologies India Pvt Ltd         CC                 CRISIL BBB-    350     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Kalpaka Transport Co Pvt Ltd            Overdraft          CRISIL B+      90      Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Kamaths Ourtimes Ice Creams Pvt Ltd     CC                 CRISIL A-      50      Reaffirmed
Kamaths Ourtimes Ice Creams Pvt Ltd     Secured Overdraft  CRISIL A-      60      Reaffirmed
                                        Fac
Kamaths Ourtimes Ice Creams Pvt Ltd     TL                 CRISIL A-      370     Reaffirmed
Karni Processors Pvt Ltd                CC                 CRISIL BBB-    155     Assigned
Kartik Construction Company             CC                 CRISIL B-      40      Downgraded
                                                                                  from CRISIL B
Kerala Transport Company                CC                 CRISIL B+      420     Migrated from
                                                                                  CRISIL B+
(Issuer Not Cooperating)
Kirloskar Corrocoat Pvt Ltd             CC                 CRISIL BBB     40      Reaffirmed
KMS Coach Builders Pvt Ltd              CC                 CRISIL BBB-    100     Reaffirmed
Kumar Steel India                       CC                 CRISIL BB      70      Reaffirmed
Kumar Steel India                       Proposed LT Bk     CRISIL BB      5       Reaffirmed
                                        Loan Fac
Kurseong Carriers Pvt Ltd               Overdraft          CRISIL B+      40      Assigned
Kurseong Carriers Pvt Ltd               LT Loan            CRISIL B+      8.2     Assigned
Machine Tools India Ltd                 CC                 CRISIL BB+     80      Downgraded
                                                                                  from CRISIL
                                                                                  BBB-
Mahaa Lakshmi Cold Storage              LT Loan            CRISIL B-      45      Assigned
Mahaa Lakshmi Cold Storage              Proposed LT Bk     CRISIL B-      15      Assigned
                                        Loan Fac
Mahle Engine Components India Pvt Ltd   CC & WC demand loanCRISIL BBB+    1914    Reaffirmed
Malabar Cements Ltd                     CC                 CRISIL BBB-    120     Downgraded
                                                                                  from CRISIL
                                                                                  BBB
Maruthi Corporation Ltd                 Proposed TL        CRISIL B+      100     Assigned
Meher Foundations and Civil Engineers   CC                 CRISIL BBB     50      Reaffirmed
Pvt Ltd
Meher Foundations and Civil Engineers   Proposed LT Bk     CRISIL BBB     100     Reaffirmed
Pvt Ltd                                 Loan Fac
Muthoot Microfin Ltd                    Proposed LT Bk     CRISIL A-      1266.8
                                        Loan Fac
Muthoot Microfin Ltd                    TL                 CRISIL A-      8233.2
Muthoot Microfin Ltd                    NCD                CRISIL A-      750
Muthoot Microfin Ltd                    NCD                CRISIL A-      400
Muthoot Microfin Ltd                    NCD                CRISIL A-      650
Muthoot Microfin Ltd                    NCD                CRISIL A-      700
Muthoot Microfin Ltd                    NCD                CRISIL A-      700
Navkar Corporation Ltd                  NCD                CRISIL A+      1000
(Issuer Not Cooperating)
Navkar Corporation Ltd                  CC                 CRISIL A+      350
(Issuer Not Cooperating)
Navkar Corporation Ltd                  Proposed LT Bk     CRISIL A+      508.5
                                        Loan Fac
(Issuer Not Cooperating)
Navkar Corporation Ltd                  TL                 CRISIL A+      2695.8
(Issuer Not Cooperating)
Numaligarh Refinery Ltd                 CC*                CRISIL AAA     4500    Reaffirmed
*Interchangeable with Working Capital Demand Loan 
Numaligarh Refinery Ltd                 Proposed LT Bk     CRISIL AAA     500     Reaffirmed
                                        Loan Fac
Om Marble Company                       CC                 CRISIL B       30      Assigned
Om Marble Company                       LT Loan            CRISIL B       45      Assigned
P. C. Cherian                           Proposed LT Bk     CRISIL B       13      Assigned
                                        Loan Fac
P. C. Cherian                           CC                 CRISIL B       55      Assigned
P. C. Cherian                           Bill Discounting   CRISIL B       20      Assigned
P. C. I. Cables Industries Pvt Ltd      Proposed CC Limit  CRISIL BB-     5.6     Assigned
P. C. I. Cables Industries Pvt Ltd      LT Loan            CRISIL BB-     9.4     Assigned
P. C. I. Cables Industries Pvt Ltd      CC                 CRISIL BB-     60      Assigned
P. Dasaratharama Reddy                  Proposed BG        CRISIL BB+     10      Assigned
P. Dasaratharama Reddy                  CC                 CRISIL BB+     50      Assigned
Paladiya Corporation                    WC Fac*            CRISIL BB      119     Assigned
*Includes Foreign bill negotiation, Foreign bill discount,PCFC(Pre-shipment credit in foreign
currency) ,PSFC(Post-shipment credit in foreign currency) ,Cash Credit, Forward Purchase
contract, Running Key cash Credit Limit.
Panna Agrotech Cold Storage Pvt Ltd     CC                 CRISIL B+      19.4    Assigned
Panna Agrotech Cold Storage Pvt Ltd     Proposed LT Bk     CRISIL B+      10.6    Assigned
                                        Loan Fac
Planned Social Concern                  Proposed LT Bk     CRISIL B+      70      Withdrawn
                                        Loan Fac
Pranav Foundations Pvt Ltd              LT Bk Fac          CRISIL BB-     250     Assigned
Prathista Industries Ltd                CC                 CRISIL BB+     220     Reaffirmed
Prathista Industries Ltd                LT Loan            CRISIL BB+     170     Reaffirmed
Prathista Industries Ltd                Proposed LT Bk     CRISIL BB+     30      Reaffirmed
                                        Loan Fac
Quality Power Electrical Equipments Pvt CC                 CRISIL BBB     20      Upgraded from
Ltd                                                                               CRISIL BBB-
Quality Power Electrical Equipments Pvt Export Packing     CRISIL BBB     50      Upgraded from
Ltd                                     Credit                                    CRISIL BBB-
Raghav Productivity Enhancers Ltd       CC                 CRISIL BBB-    90      Upgraded from
                                                                                  CRISIL BB+
Raghav Productivity Enhancers Ltd       Proposed LT Bk     CRISIL BBB-    12.5    Upgraded from
                                        Loan Fac                                  CRISIL BB+
Raghav Productivity Enhancers Ltd       TL                 CRISIL BBB-    45      Upgraded from
                                                                                  CRISIL BB+
Raj Agencies - Pune                     CC                 CRISIL BB+     80      Reaffirmed
Rasik Vatika Silk Mills Pvt Ltd         CC                 CRISIL B+      140     Reaffirmed
Ravali Spinners Pvt Ltd                 CC                 CRISIL BBB     1120    Reaffirmed
Ravali Spinners Pvt Ltd                 LT Loan            CRISIL BBB     720     Reaffirmed
Ravali Spinners Pvt Ltd                 Proposed LT Bk     CRISIL BBB     60      Reaffirmed
                                        Loan Fac
Ravali Spinners Pvt Ltd                 Proposed LT Bk     CRISIL BBB     800     Withdrawn
                                        Loan Fac
Rishabh Instruments Pvt Ltd             CC                 CRISIL BBB     120     Reaffirmed
Rishabh Instruments Pvt Ltd             TL                 CRISIL BBB     13      Reaffirmed
RK Hair Products Pvt Ltd                CC                 CRISIL BBB+    150     Reaffirmed
Sagar Industries                        CC                 CRISIL B-      145     Assigned
Sai Leela Synthetics Pvt Ltd            CC                 CRISIL BBB-    84.8    Assigned
Sai Leela Synthetics Pvt Ltd            LT Loan            CRISIL BBB-    128.2   Assigned
Saileela Processors Pvt Ltd             CC                 CRISIL BBB-    50      Assigned
Saileela Processors Pvt Ltd             LT Loan            CRISIL BBB-    116.5   Assigned
Saraf Real Infra Pvt Ltd                CC                 CRISIL BB-     67.5    Assigned
Saraf Real Infra Pvt Ltd                LT Loan            CRISIL BB-     17.5    Assigned
Sarita Handa Exports Pvt Ltd            Proposed FB Bk     CRISIL BBB+    120     Reaffirmed
                                        Limits
Security Products Pvt Ltd               CC                 CRISIL BBB-    10      Reaffirmed
Seemanchal Motors Pvt Ltd               Proposed LT Bk     CRISIL BBB     166     Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Sezon Papers Pvt Ltd                    CC                 CRISIL BB-     110     Assigned
Sezon Papers Pvt Ltd                    TL                 CRISIL BB-     92.5    Assigned
Shanti Gopal Concast Ltd                CC                 CRISIL BB+     250     Assigned;
                                                                                  Suspension
                                                                                  revoked
Shanti Gopal Concast Ltd                LT Loan            CRISIL BB+     254.6   Assigned;
                                                                                  Suspension
                                                                                  revoked
Shoft Shipyard Pvt Ltd                  LT Loan            CRISIL BBB     19.8    Reaffirmed
Shoft Shipyard Pvt Ltd                  Overdraft          CRISIL BBB     100     Reaffirmed
Shreeya Peanuts Pvt Ltd                 CC                 CRISIL BB-     150     Assigned
Shreeya Peanuts Pvt Ltd                 TL                 CRISIL BB-     50      Assigned
Siddhivinayak Distributors              CC                 CRISIL B+      69      Reaffirmed
Siddhivinayak Distributors              Proposed LT Bk     CRISIL B+      11      Reaffirmed
                                        Loan Fac
Sivakame Trading Company                CC                 CRISIL B       60      Assigned
Sivakame Trading Company                Cash TL            CRISIL B       10      Assigned
SKS Blue Metal                          LT Loan            CRISIL B       30      Assigned
SKS Blue Metal                          Proposed LT Bk     CRISIL B       20      Assigned
                                        Loan Fac
SM Autovision Pvt Ltd                   CC                 CRISIL B       10      Assigned
SM Autovision Pvt Ltd                   TL                 CRISIL B       100     Assigned
Sohum Foods Pvt Ltd                     CC                 CRISIL BB-     88      Downgraded
                                                                                  from CRISIL BB
Sohum Foods Pvt Ltd                     Proposed LT Bk     CRISIL BB-     1.6     Downgraded
                                        Loan Fac                                  from CRISIL BB
Sohum Foods Pvt Ltd                     TL                 CRISIL BB-     33.2    Downgraded
                                                                                  from CRISIL BB
Solar Industries India Ltd              CC                 CRISIL AA      650     Reaffirmed
Solar Industries India Ltd              CC*                CRISIL AA      850     Reaffirmed
*Interchangeable with Non Fund Based Facilities
Solar Industries India Ltd              LOC & BG**         CRISIL AA      1700    Reaffirmed
** Interchangeable with Fund Based Facilities 
Solar Industries India Ltd              TL                 CRISIL AA      1100    Reaffirmed
Sona Textiles Pvt Ltd                   CC                 CRISIL BBB-    240     Reaffirmed
Spy Frozen Foods Pvt Ltd                CC                 CRISIL B       20      Assigned
Spy Frozen Foods Pvt Ltd                TL                 CRISIL B       75      Assigned
Sri Parameswari Projects Pvt Ltd        Proposed LT Bk     CRISIL D       43      Assigned
                                        Loan Fac
Sri Parameswari Projects Pvt Ltd        Overdraft          CRISIL D       4       Assigned
Sri Parameswari Projects Pvt Ltd        CC                 CRISIL D       45      Assigned
Sri Parameswari Projects Pvt Ltd        LT Loan            CRISIL D       8       Assigned
Sri Veerabhadra Modern Rice Mill        Open CC            CRISIL B+      75      Assigned
Sri Veerabhadra Modern Rice Mill        TL                 CRISIL B+      15      Assigned
Sri Vijaya Lakshmi Rice Industries      CC                 CRISIL BB      430     Migrated from
                                                                                  CRISIL BB
(Issuer Not Cooperating)
Sri Vijaya Lakshmi Rice Industries      Proposed LT Bk     CRISIL BB      20      Migrated from
                                        Loan Fac                                  CRISIL BB
(Issuer Not Cooperating)
Srusti Infradevelopers (India) Pvt Ltd  Proposed LT Bk     CRISIL B       200     Assigned
                                        Loan Fac
Sterling and Wilson Co-Gen Solutions    LOC*               CRISIL BB+     950     Reaffirmed
Pvt Ltd
* Interchangeable with bank guarantee of Rs 50 crore, buyer's credit of Rs 50 crore, packing
credit of Rs 40 crore, working capital loan of Rs 15 crore, and overdraft of Rs 5 crore.
Stolt Rail Logistic Systems Ltd         CC                 CRISIL B+      10      Reaffirmed
Stolt Rail Logistic Systems Ltd         LT Loan            CRISIL B+      65      Reaffirmed
Stolt Rail Logistic Systems Ltd         Proposed LT Bk     CRISIL B+      87.5    Reaffirmed
                                        Loan Fac
Sun Particle Board Pvt Ltd              CC                 CRISIL B+      20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sun Particle Board Pvt Ltd              LT Loan            CRISIL B+      58.6    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Sundaram BNP Paribas Home Finance Ltd   Proposed LT Bk     CRISIL AA+     2000    Assigned
                                        Loan Fac
Tessolve Semiconductor Pvt Ltd          CC                 CRISIL BBB     5       Reaffirmed
Tessolve Semiconductor Pvt Ltd          Export Packing     CRISIL BBB     123.5   Reaffirmed
                                        Credit
The United Provinces Sugar Co. Ltd      CC                 CRISIL B       1180    Downgraded
                                                                                  from CRISIL B+
The United Provinces Sugar Co. Ltd      Proposed LT Bk     CRISIL B       478.7   Downgraded
                                        Loan Fac                                  from CRISIL B+
The United Provinces Sugar Co. Ltd      TL                 CRISIL B       489.1   Downgraded
                                                                                  from CRISIL B+
Tibrewala Electronics Ltd               CC                 CRISIL BBB+    140     Reaffirmed
Tibrewala Electronics Ltd               Proposed LT Bk     CRISIL BBB+    10      Reaffirmed
                                        Loan Fac
Unishire Urbanscape Pvt Ltd             NCD                CRISIL D       1260    Reaffirmed
United Composheets Pvt Ltd              CC                 CRISIL B+      55      Assigned
United Composheets Pvt Ltd              Proposed LT Bk     CRISIL B+      55      Assigned
                                        Loan Fac
UPS Constructions Pvt Ltd               CC                 CRISIL BB-     50      Assigned
Valikulam Rubber Traders                CC                 CRISIL B       30      Assigned
Valikulam Rubber Traders                Key CC             CRISIL B       30      Assigned
Voestalpine VAE VKN India Pvt. Ltd      CC                 CRISIL BBB     250     Reaffirmed
Voestalpine VAE VKN India Pvt. Ltd      Proposed CC Limit  CRISIL BBB     50      Reaffirmed
Voxco Pigments and Chemicals Pvt Ltd    CC                 CRISIL BB+     102.5   Assigned
Voxco Pigments and Chemicals Pvt Ltd    TL                 CRISIL BB+     80      Assigned
Voxco Pigments and Chemicals Pvt Ltd    Proposed LT Bk     CRISIL BB+     2       Assigned
                                        Loan Fac
VSSN Jambaladinni                       CC                 CRISIL B-      210     Reaffirmed
VSSN Kallur                             CC                 CRISIL B-      110     Reaffirmed
VSSN Rajalabanda                        CC                 CRISIL B-      60      Reaffirmed
Wiintrack Exports                       LT Loan            CRISIL D       25      Downgraded
                                                                                  from CRISIL BB
Wiintrack Exports                       Packing Credit     CRISIL D       85      Downgraded
                                                                                  from CRISIL BB
Winsome Knit Garments                   Bill Discounting   CRISIL BB-     30      Assigned
Winsome Knit Garments                   CC                 CRISIL BB-     2       Assigned
--------------------------------------------------------------------------------------------
$: 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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