May 28, 2018 / 4:11 AM / in 3 months

CRISIL ratings for Indian debt instruments-May 28

    May 28 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of May 25, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Anand Electricals                       BG                 CRISIL A4      10
Issuer Not Cooperating; Rating Migrated
Anand Electricals                       LOC                CRISIL A4      20
Issuer Not Cooperating; Rating Migrated
Atul Commodities Pvt Ltd                LOC                CRISIL A4      30
Issuer Not Cooperating; Rating Migrated
Choice Diamond                          Export Packing     CRISIL A3+     100     Reaffirmed
                                        Credit
Choice Diamond                          Post Shipment      CRISIL A3+     150     Reaffirmed
                                        Credit
Clean Science and Technology Pvt Ltd    BG                 CRISIL A1      2.5
Upgraded from 'CRISIL A2+'
Clean Science and Technology Pvt Ltd    LOC                CRISIL A1      150
Upgraded from 'CRISIL A2+'
Dipanshu Promoter and Builder Pvt Ltd   BG                 CRISIL A4+     85
Issuer Not Cooperating; Rating Migrated
East India Holdings Pvt Ltd             LOC                CRISIL A4      60
Downgraded from 'CRISIL A4+'
Eastern Treads Ltd                      BG                 CRISIL A4+     45      Reaffirmed
Eastern Treads Ltd                      Inland/Import LOC  CRISIL A4+     10      Reaffirmed
Expanded Polymer Systems Pvt Ltd        BG                 CRISIL A4+     5
Issuer Not Cooperating; Rating Migrated
Expanded Polymer Systems Pvt Ltd        LOC                CRISIL A4+     450
Issuer Not Cooperating; Rating Migrated
Garuda Aviation Services Pvt Ltd        BG                 CRISIL A4+     120
Issuer Not Cooperating; Rating Migrated
Heera Panna Communications Pvt Ltd      BG                 CRISIL A4      25
Issuer Not Cooperating; Rating Migrated
Hind Construction                       BG                 CRISIL A4+     200     Reaffirmed
HPM Chemicals and Fertilizers Ltd       LOC^               CRISIL A2      320     Reaffirmed
^ Fully interchangeable between fund based and non fund based limits
HPM Chemicals and Fertilizers Ltd       LOC                CRISIL A2      100     Reaffirmed
Lancer Laser Tech Ltd                   BG                 CRISIL A4+     3
Issuer Not Cooperating; Rating Migrated
Lion Foods Pvt Ltd                      Packing Credit     CRISIL A4+     100
Migrated from 'CRISIL A4' Issuer Not Cooperating
Luminous Power Technologies Pvt Ltd     LOC & BG           CRISIL A1+     2450    Reaffirmed
Luminous Power Technologies Pvt Ltd     Proposed LOC & BG  CRISIL A1+     300     Reaffirmed
M. K. Enterprises JV                    BG                 CRISIL A4+     84.1
Issuer Not Cooperating; Rating Migrated
Mars Construction                       BG                 CRISIL A4+     16.5
Issuer Not Cooperating; Rating Migrated
Mili Steels Pvt Ltd                     LOC                CRISIL A4+     80
Issuer Not Cooperating; Rating Migrated
MJ Grain Products Pvt Ltd               BG                 CRISIL A4+     5
Issuer Not Cooperating
Nancy Krafts                            Export Packing     CRISIL A4      35      Reaffirmed
                                        Credit
Nancy Krafts                            LOC & BG           CRISIL A4      11      Reaffirmed
Nancy Krafts Pvt Ltd                    Bill Discounting   CRISIL A4      12.5    Reaffirmed
Nancy Krafts Pvt Ltd                    Export Packing     CRISIL A4      172.1   Reaffirmed
                                        Credit
Nancy Krafts Pvt Ltd                    LOC & BG           CRISIL A4      45      Reaffirmed
New Nalanda Tubewell Boring and         BG                 CRISIL A4+     50
Engineering Works
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      BG                 CRISIL A4      615
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      Letter Of GuaranteeCRISIL A4      256.5
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      LOC                CRISIL A4      218.5
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      Proposed BG        CRISIL A4      200
Issuer Not Cooperating; Rating Migrated
Purita Water Solutions Pvt Ltd          BG                 CRISIL A4      25
Issuer Not Cooperating; Rating Migrated
Purita Water Solutions Pvt Ltd          Inland/Import LOC  CRISIL A4      15
Issuer Not Cooperating; Rating Migrated
R B Ghodke                              BG                 CRISIL A4+     60
Issuer Not Cooperating; Rating Migrated
R. K. Wire Products Ltd                 BG                 CRISIL A4+     90
Issuer Not Cooperating; Migrated from 'CRISIL A3'
R. K. Wire Products Ltd                 Import LOC Limit   CRISIL A4+     110
Issuer Not Cooperating; Migrated from 'CRISIL A3'
Satvik Enterprises Ltd                  BG                 CRISIL A3      10      Reaffirmed
Satvik Enterprises Ltd                  Bill Discounting   CRISIL A3      80      Reaffirmed
Satvik Enterprises Ltd                  LOC                CRISIL A3      260     Reaffirmed
SFO Technologies Pvt Ltd                BG                 CRISIL A2+     150     Reaffirmed
SFO Technologies Pvt Ltd                LOC                CRISIL A2+     201     Reaffirmed
SFO Technologies Pvt Ltd                Packing Credit     CRISIL A2+     2110    Reaffirmed
SFO Technologies Pvt Ltd                Pre Shipment       CRISIL A2+     650     Reaffirmed
                                        Finance
Sonthalia Rice Mill                     BG                 CRISIL A4+     20

Issuer Not Cooperating; Rating Migrated
Spectrum Infotech Pvt Ltd               BG                 CRISIL A1+     360     Withdrawn
Spectrum Infotech Pvt Ltd               Foreign Exchange   CRISIL A1+     5       Withdrawn
                                        Forward
Spectrum Infotech Pvt Ltd               LOC                CRISIL A1+     25      Withdrawn
Spectrum Infotech Pvt Ltd               Proposed NFBL      CRISIL A1+     10      Withdrawn
Sundaram Finance Ltd                    CP                 CRISIL A1+     60000   Reaffirmed 
Tata Motors Finance Solutions Ltd       CP Programme       CRISIL A1+     25000   Reaffirmed
Enhanced from Rs.2000 Crore 
Tata Motors Finance Solutions Ltd       CP Programme       CRISIL A1+     25000   Reaffirmed
Enhanced from Rs.2000 Crore 
Tata Power Renewable Energy Ltd         CP                 CRISIL A1+     7000    Reaffirmed
Tata Power Renewable Energy Ltd         CP                 CRISIL A1+     2000    Reassigned
Tata Power Renewable Energy Ltd         CP*                CRISIL A1+     1000    Reaffirmed 
                                                           (SO)
*Guaranteed by The Tata Power Company Ltd
Thriive Cars                            Drop Line          CRISIL A4+     7.6
                                        Overdraft Fac
Rating reaffirmed and Withdrawn
Thriive Cars                            Inventory Funding  CRISIL A4+     35
                                        Fac
Rating reaffirmed and Withdrawn
Thriive Cars                            LT Loan            CRISIL A4+     7.3
Rating reaffirmed and Withdrawn
Thriive Cars                            Overdraft          CRISIL A4+     9
Rating reaffirmed and Withdrawn
Thriive Cars                            Proposed LT Bk     CRISIL A4+     12.1
                                        Loan Fac
Rating reaffirmed and Withdrawn
Vag Buildtech Ltd                       BG                 CRISIL A4      100     Reaffirmed
Vinay Industries Ltd                    Loan Equivalent    CRISIL A4+     40
                                        Risk Limits
Issuer Not Cooperating; Rating Migrated
Viraj Projects India Pvt Ltd            BG                 CRISIL A4+     297
Issuer Not Cooperating; Rating Migrated
Wolkem India Ltd                        BG                 CRISIL A2      5       Reaffirmed
Wolkem India Ltd                        Foreign Exchange   CRISIL A2      6       Reaffirmed
                                        Forward
Wolkem India Ltd                        LOC                CRISIL A2      80      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Sundaram Finance Ltd                    FD Programme       FAAA                   Reaffirmed 


LONG TERM RATINGS:
-------------------
Anand Electricals                       CC                 CRISIL B       20
Issuer Not Cooperating; Rating Migrated
Anand Electricals                       Proposed LT Bk     CRISIL B       100
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Aryan Silk Mills                        CC                 CRISIL B+      70
Issuer Not Cooperating; Rating Migrated
Astra Rocks and Minerals Pvt Ltd        CC                 CRISIL B       120     Reaffirmed
Astra Rocks and Minerals Pvt Ltd        Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
Astra Rocks and Minerals Pvt Ltd        TL                 CRISIL B       10      Reaffirmed
Atul Commodities Pvt Ltd                CC                 CRISIL B+      40
Issuer Not Cooperating; Rating Migrated
Atul Commodities Pvt Ltd                Proposed LT Bk     CRISIL B+      3.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Atul Commodities Pvt Ltd                Secured Overdraft  CRISIL B+      31.5
                                        Fac
Issuer Not Cooperating; Rating Migrated
Banshi Airgases Pvt Ltd                 CC                 CRISIL BB-     9
Issuer Not Cooperating; Rating Migrated
Banshi Airgases Pvt Ltd                 TL                 CRISIL BB-     58.5
Issuer Not Cooperating; Rating Migrated
Benchmark IT Solutions India Pvt Ltd    Rupee TL           CRISIL B+      100
Issuer Not Cooperating; Rating Migrated
Binjrajka Value Steels Pvt Ltd          CC                 CRISIL BB+     150     Assigned
Bireshwar Cold Storage Pvt Ltd          CC                 CRISIL B       40
Issuer Not Cooperating; Rating Migrated
Bireshwar Cold Storage Pvt Ltd          Proposed LT Bk     CRISIL B       40.1
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Bireshwar Cold Storage Pvt Ltd          WC Loan            CRISIL B       6
Issuer Not Cooperating; Rating Migrated
Bireshwar Cold Storage Pvt Ltd          WC TL              CRISIL B       2.4
Issuer Not Cooperating; Rating Migrated
Choice Diamond                          Export Packing     CRISIL BBB     502     Reaffirmed
                                        Credit
Choice Diamond                          Post Shipment      CRISIL BBB     84      Reaffirmed
                                        Credit
Choice Diamond                          Proposed LT Bk     CRISIL BBB     64      Reaffirmed
                                        Loan Fac
Clean Science and Technology Pvt Ltd    CC                 CRISIL A-      102     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Clean Science and Technology Pvt Ltd    Proposed LT Bk     CRISIL A-      267.5   Withdrawn
                                        Loan Fac
Crackers India (Alloys) Ltd             CC                 CRISIL C       40
Issuer Not Cooperating; Rating Migrated
Crackers India (Alloys) Ltd             Proposed LT Bk     CRISIL C       39.8
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Crackers India (Alloys) Ltd             WC TL              CRISIL C       20.2
Issuer Not Cooperating; Rating Migrated
Dayawati Bishwanath Traders Pvt Ltd     CC                 CRISIL BB+     120
Issuer Not Cooperating; Rating Migrated
Dayawati Bishwanath Traders Pvt Ltd     Proposed LT Bk     CRISIL BB+     10
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Dipanshu Promoter and Builder Pvt Ltd   CC                 CRISIL BB+     45
Issuer Not Cooperating; Rating Migrated
East India Holdings Pvt Ltd             CC                 CRISIL B+      110
Downgraded from 'CRISIL BB-'
East India Holdings Pvt Ltd             Proposed LT Bk     CRISIL B+      30
                                        Loan Fac
Downgraded from 'CRISIL BB-'
Eastern Copper Manufacturing Company    BG                 CRISIL D       20
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    Bill Discounting   CRISIL D       20
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    CC                 CRISIL D       38.8
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    Foreign            CRISIL D       30
Pvt Ltd                                 Discounting Bill
                                        Purchase
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    LOC                CRISIL D       50
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    Proposed FB Bk     CRISIL D       46.2
Pvt Ltd                                 Limits
Issuer Not Cooperating; Rating Migrated
Eastern Copper Manufacturing Company    WC TL              CRISIL D       45
Pvt Ltd
Issuer Not Cooperating; Rating Migrated
Eastern Treads Ltd                      CC                 CRISIL BB      200     Reaffirmed
Expanded Polymer Systems Pvt Ltd        Bill Discounting   CRISIL BB+     50
Issuer Not Cooperating; Rating Migrated
Expanded Polymer Systems Pvt Ltd        CC                 CRISIL BB+     250
Issuer Not Cooperating; Rating Migrated
Expanded Polymer Systems Pvt Ltd        LT Loan            CRISIL BB+     83
Issuer Not Cooperating; Rating Migrated
Expanded Polymer Systems Pvt Ltd        Proposed LT Bk     CRISIL BB+     162
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Garuda Aviation Services Pvt Ltd        Overdraft          CRISIL BB-     130
Issuer Not Cooperating; Rating Migrated
Garuda Aviation Services Pvt Ltd        Proposed LT Bk     CRISIL BB-     60
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Gopinath Dairy Products Pvt Ltd         CC                 CRISIL D       9
Issuer Not Cooperating; Rating Migrated
Gopinath Dairy Products Pvt Ltd         Proposed CC Limit  CRISIL D       1
Issuer Not Cooperating; Rating Migrated
Gopinath Dairy Products Pvt Ltd         Rupee TL           CRISIL D       300
Issuer Not Cooperating; Rating Migrated
Gujarat Eco Textile Park Ltd            Proposed LT Bk     CRISIL B-      214.3
                                        Loan Fac
Rating reaffirmed and Withdrawn
Gujarat Eco Textile Park Ltd            Rupee TL           CRISIL B-      345.7
Rating reaffirmed and Withdrawn
Heera Panna Communications Pvt Ltd      CC                 CRISIL B       90
Issuer Not Cooperating; Rating Migrated
Heera Panna Communications Pvt Ltd      Proposed LT Bk     CRISIL B       5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Hind Construction                       CC                 CRISIL BB-     50      Reaffirmed
HPM Chemicals and Fertilizers Ltd       CC*                CRISIL BBB+    150     Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed ; * Fully interchangeable with non fund
based limits
HPM Chemicals and Fertilizers Ltd       CC^                CRISIL BBB+    1130    Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed ; ^ Fully interchangeable between fund
based and non fund based limits
Islamic Council For Productive EducationOverdraft          CRISIL A-      170     Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   CC                 CRISIL BB+     220     Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   Channel Financing  CRISIL BB+     1239.5  Reaffirmed
Jaika Automobiles and Finance Pvt Ltd   TL                 CRISIL BB+     73      Reaffirmed
Jay Bhawani Coal Fields Pvt Ltd         CC                 CRISIL B+      50      Withdrawn
Jay Bhawani Coal Fields Pvt Ltd         LOC                CRISIL B+      20      Withdrawn
Jay Krishna Sizers                      CC                 CRISIL BB-     120     Withdrawn
Jay Krishna Sizers                      TL                 CRISIL BB-     33.2    Withdrawn
Jharkhand Mega Food Park Pvt Ltd        LT Loan            CRISIL D       339.5
Issuer Not Cooperating; Rating Migrated
Kakarania Innovative Systems Pvt Ltd    CC                 CRISIL BBB-    37.5    Reaffirmed
Kakarania Innovative Systems Pvt Ltd    TL                 CRISIL BBB-    12.5    Reaffirmed
Kumar Tools and Stampings               CC                 CRISIL BB-     55
Issuer Not Cooperating; Rating Migrated
Kumar Tools and Stampings               Proposed LT Bk     CRISIL BB-     37.3
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Kumar Tools and Stampings               TL                 CRISIL BB-     27.7
Issuer Not Cooperating; Rating Migrated
Lalchand Jewellers Pvt Ltd              CC                 CRISIL BB-     350
Issuer Not Cooperating; Rating Migrated
Lalchand Jewellers Pvt Ltd              Proposed LT Bk     CRISIL BB-     150
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Lancer Laser Tech Ltd                   CC                 CRISIL BB-     80
Issuer Not Cooperating; Rating Migrated
Lancer Laser Tech Ltd                   Proposed LT Bk     CRISIL BB-     4.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Lancer Laser Tech Ltd                   TL                 CRISIL BB-     64.4
Issuer Not Cooperating; Rating Migrated
Lion Foods Pvt Ltd                      TL                 CRISIL BB-     50
Migrated from 'CRISIL B+' Issuer Not Cooperating
Lomino Ceramic LLP                      TL                 CRISIL B+      70      Assigned
Lomino Ceramic LLP                      Proposed CC Limit  CRISIL B+      25      Assigned
Lomino Ceramic LLP                      Proposed LT Bk     CRISIL B+      5       Assigned
                                        Loan Fac
Lord Ganesh Roller Flour Mills          CC                 CRISIL BB-     60
Upgraded from 'CRISIL B+'
Luminous Power Technologies Pvt Ltd     CC*                CRISIL AA+     4500    Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed ; *Cash credit facility fully
interchangeable with working capital demand loan
Luminous Power Technologies Pvt Ltd     Proposed LT Bk     CRISIL AA+     21.2    Withdrawn
                                        Loan Fac
Luminous Power Technologies Pvt Ltd     Proposed TL        CRISIL AA+     1250    Assigned
Outlook revised from 'Stable' and rating reaffirmed
M. B. Chitale Constructions             CC                 CRISIL BB-     60
Issuer Not Cooperating; Rating Migrated
M. K. Enterprises JV                    LT Loan            CRISIL BB-     85.9
Issuer Not Cooperating; Rating Migrated
Mahestala Agro Foods Pvt Ltd            CC                 CRISIL BB      173     Assigned
Assigned; Suspension Revoked
Makalu Trading Ltd                      LOC#               CRISIL D       2750
Issuer Not Cooperating; Rating Migrated; # Including sublimit for cash credit of Rs 40 crore
Mangalsiddhi Multipurpose Multistate    CC                 CRISIL BB      70
Sah. Sangh Ltd
Issuer Not Cooperating; Rating Migrated
Manjushree Polypacks Pvt Ltd            CC                 CRISIL BBB-    45      Reaffirmed
Manjushree Polypacks Pvt Ltd            Proposed LT Bk     CRISIL BBB-    5       Reaffirmed
                                        Loan Fac
Mars Construction                       CC                 CRISIL BB-     33.5
Issuer Not Cooperating; Rating Migrated
Mili Steels Pvt Ltd                     CC                 CRISIL BB      40
Issuer Not Cooperating; Rating Migrated
Mili Steels Pvt Ltd                     Proposed LT Bk     CRISIL BB      50
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Mili Steels Pvt Ltd                     WC Demand Loan     CRISIL BB      120
Issuer Not Cooperating; Rating Migrated
MJ Grain Products Pvt Ltd               CC                 CRISIL BB      120
Issuer Not Cooperating; Rating Migrated
MJ Grain Products Pvt Ltd               TL                 CRISIL BB      56.9
Issuer Not Cooperating; Rating Migrated
Motor and General Sales Pvt Ltd         LT Loan            CRISIL B+      102.7   Assigned
Motor and General Sales Pvt Ltd         CC                 CRISIL B+      107.3   Assigned
Motor and General Sales Pvt Ltd         Inventory Funding  CRISIL B+      90      Assigned
                                        Fac
Motor Fab Sales Pvt Ltd                 LT Loan            CRISIL B+      50      Assigned
Motor Fab Sales Pvt Ltd                 CC                 CRISIL B+      50      Assigned
Motor Fab Sales Pvt Ltd                 Inventory Funding  CRISIL B+      300     Assigned
                                        Fac
Nancy Krafts                            Proposed LT Bk     CRISIL B       19      Reaffirmed
                                        Loan Fac
Nancy Krafts                            Standby Line of    CRISIL B       5       Reaffirmed
                                        Credit
Nancy Krafts Pvt Ltd                    Proposed LT Bk     CRISIL B       60.4    Reaffirmed
                                        Loan Fac
Nancy Krafts Pvt Ltd                    Standby Line of    CRISIL B       10      Assigned
                                        Credit
New Nalanda Tubewell Boring and         Overdraft          CRISIL BB-     40
Engineering Works
Issuer Not Cooperating; Rating Migrated
NV Autospares Pvt Ltd                   CC                 CRISIL D       15
Issuer Not Cooperating; Rating Migrated
NV Autospares Pvt Ltd                   Funded Interest TL CRISIL D       15.5
Issuer Not Cooperating; Rating Migrated
NV Autospares Pvt Ltd                   LT Loan            CRISIL D       42
Issuer Not Cooperating; Rating Migrated
NV Autospares Pvt Ltd                   Proposed LT Bk     CRISIL D       5.2
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
NV Autospares Pvt Ltd                   WC TL              CRISIL D       42.3
Issuer Not Cooperating; Rating Migrated
Param Tex Fab Pvt Ltd                   CC                 CRISIL B+      40
Issuer Not Cooperating; Rating Migrated
Param Tex Fab Pvt Ltd                   Proposed CC Limit  CRISIL B+      30
Issuer Not Cooperating; Rating Migrated
Param Tex Fab Pvt Ltd                   Proposed LT Bk     CRISIL B+      28
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Param Tex Fab Pvt Ltd                   Proposed TL        CRISIL B+      52
Issuer Not Cooperating; Rating Migrated
Pashupati Roller Flour Mill Pvt Ltd     CC                 CRISIL BB      40
Issuer Not Cooperating; Rating Migrated
Pashupati Roller Flour Mill Pvt Ltd     Proposed LT Bk     CRISIL BB      34
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Pashupati Roller Flour Mill Pvt Ltd     TL                 CRISIL BB      3.8
Issuer Not Cooperating; Rating Migrated
Pasupati Rice Mills Pvt Ltd             CC                 CRISIL B+      80
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      Proposed LT Bk     CRISIL B       310
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
PCM Strescon Overseas Ventures Ltd      Proposed TL        CRISIL B       120
Issuer Not Cooperating; Rating Migrated
Purita Water Solutions Pvt Ltd          CC                 CRISIL B+      15
Issuer Not Cooperating; Rating Migrated
Purita Water Solutions Pvt Ltd          Proposed LT Bk     CRISIL B+      15
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
R B Ghodke                              CC                 CRISIL BB+     90
Issuer Not Cooperating; Rating Migrated
R. K. Wire Products Ltd                 CC                 CRISIL BB+     45
Issuer Not Cooperating; Migrated from 'CRISIL BBB-'
Satvik Enterprises Ltd                  CC                 CRISIL BBB-    270     Reaffirmed
Satvik Enterprises Ltd                  Export Packing     CRISIL BBB-    110     Reaffirmed
                                        Credit
SFO Technologies Pvt Ltd                LT Loan            CRISIL A-      337.6   Reaffirmed
SFO Technologies Pvt Ltd                Proposed LT Bk     CRISIL A-      51.4    Assigned
                                        Loan Fac
Shri Narayani Tor Pvt Ltd               CC                 CRISIL B+      22.5
Upgraded from 'CRISIL B'
Shri Narayani Tor Pvt Ltd               TL                 CRISIL B+      55.9
Upgraded from 'CRISIL B'
Sonthalia Rice Mill                     CC                 CRISIL BB-     30
Issuer Not Cooperating; Rating Migrated
Sonthalia Rice Mill                     Proposed LT Bk     CRISIL BB-     2.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Sonthalia Rice Mill                     TL                 CRISIL BB-     84
Issuer Not Cooperating; Rating Migrated
Star Aqua International Pvt Ltd         CC                 CRISIL D       100
Issuer Not Cooperating: Downgraded from 'CRISIL B' Issuer Not Cooperating
Star Aqua International Pvt Ltd         LT Loan            CRISIL D       82.7
Issuer Not Cooperating: Downgraded from 'CRISIL B' Issuer Not Cooperating
Sundaram Finance Ltd                    Proposed LT Bk     CRISIL AAA     10000   Reaffirmed
                                        Loan Fac
Sundaram Finance Ltd                    NCDs               CRISIL AAA     13000   Assigned
Sundaram Finance Ltd                    NCDs               CRISIL AAA     28500   Reaffirmed  
Sundaram Finance Ltd                    Subordinated Debt  CRISIL AAA     3000    Reaffirmed  
Sundaram Finance Ltd                    Tier-II Bonds      CRISIL AAA     14001   Reaffirmed  
Tata Motors Finance Solutions Ltd       NCD                CRISIL AA      15000   Reaffirmed
Reduced from Rs.2000 Crore
Tata Motors Finance Solutions Ltd       Subordinated Debt  CRISIL AA      2000    Reaffirmed
Tata Motors Finance Solutions Ltd       NCD                CRISIL AA      15000   Reaffirmed
Reduced from Rs.2000 Crore
Tata Motors Finance Solutions Ltd       Subordinated Debt  CRISIL AA      2000    Reaffirmed
Tata Power Renewable Energy Ltd         Proposed TL        CRISIL AA-     5000    Reaffirmed
Tata Power Renewable Energy Ltd         TL                 CRISIL AA-     5000    Reaffirmed
Theos Tiles LLP                         TL                 CRISIL B+      69      Assigned
Theos Tiles LLP                         CC                 CRISIL B+      40      Assigned
Theos Tiles LLP                         Proposed LT Bk     CRISIL B+      11      Assigned
                                        Loan Fac
Toughglass India Pvt Ltd                CC                 CRISIL BB      70
Migrated from 'CRISIL BB' Issuer Not Cooperating
Vag Buildtech Ltd                       CC                 CRISIL B+      250
Downgraded from 'CRISIL BB-'
Vag Buildtech Ltd                       Proposed LT Bk     CRISIL B+      150
                                        Loan Fac
Downgraded from 'CRISIL BB-'
Vinay Industries Ltd                    CC                 CRISIL BB+     350
Issuer Not Cooperating; Rating Migrated
Vinay Industries Ltd                    Foreign Currency TLCRISIL BB+     38.5
Issuer Not Cooperating; Rating Migrated
Vinay Industries Ltd                    Proposed LT Bk     CRISIL BB+     8.5
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Viraj Projects India Pvt Ltd            CC                 CRISIL BB      203
Issuer Not Cooperating; Rating Migrated
Viraj Projects India Pvt Ltd            Proposed LT Bk     CRISIL BB      100
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Walwhan Solar MP Ltd                    Buyer`s Credit^    CRISIL AA-     200     Reaffirmed
^Sub limit of term loan limit of Rs 20 crore
Walwhan Solar MP Ltd                    Rupee TL           CRISIL AA-     6350    Assigned
Walwhan Wind RJ Ltd                     Proposed TL        CRISIL A-      30      Withdrawn
Walwhan Wind RJ Ltd                     Rupee TL           CRISIL AA-(SO) 5870    Reaffirmed
Wolkem India Ltd                        CC                 CRISIL BBB+    245     Reaffirmed
Wolkem India Ltd                        Proposed LT Bk     CRISIL BBB+    27.2    Reaffirmed
                                        Loan Fac
Wolkem India Ltd                        Rupee TL           CRISIL BBB+    285.4   Reaffirmed
Wolkem India Ltd                        Standby Line of    CRISIL BBB+    20      Reaffirmed
                                        Credit
Ziv Hotels Pvt Ltd                      LT Loan            CRISIL B       70      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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