May 4, 2020 / 9:38 AM / 22 days ago

CRISIL ratings for Indian debt instruments-May 4

   May 4  - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of April 30, 2020 and May 2, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Amazing Rubber Products Pvt Ltd        Foreign Bill      CRISIL A4+    20     Assigned
                                       Negotiation
Arora Matthey Ltd                      BG                CRISIL A3     29     Reaffirmed
Ashish Chemicals                       LOC#              CRISIL A1     20     Reaffirmed
(#Interchangeable with bank guarantee)
Astra Chemtech Pvt Ltd                 LOC               CRISIL A4     42     -
(Downgraded from CRISIL A4+)
Astra Chemtech Pvt Ltd                 Packing Credit    CRISIL A4     30     -
(Downgraded from CRISIL A4+)
Automotive Manufacturers Pvt Ltd       BG                CRISIL A1     10     Reaffirmed
D And M Cables Pvt Ltd                 BG                CRISIL A4+    75     Assigned
Dilip Buildcon Ltd                     Non-FBL           CRISIL A1    66687.5 Reaffirmed
Dilip Buildcon Ltd                     Proposed NFBL     CRISIL A1     1236   -
Dilip Buildcon Ltd                     CP                CRISIL A1     1000   Reaffirmed
Dilip Buildcon Ltd                     Non-FBL*          CRISIL A1+    1006.5 Reaffirmed
(*Backed by unconditional and irrevocable counter guarantee from L&T Finance )
Elgi Ultra Industries Ltd              BG                CRISIL A2     15     -
(Removed from Rating Watch with Negative Implications; Rating Withdrawn)
Elgi Ultra Industries Ltd              CC                CRISIL A2     145    -
(Removed from Rating Watch with Negative Implications; Rating Withdrawn)
Elgi Ultra Industries Ltd              LOC               CRISIL A2     50     -
(Removed from Rating Watch with Negative Implications; Rating Withdrawn)
Elgi Ultra Industries Ltd              LT Loan           CRISIL A2     157.5  -
(Removed from Rating Watch with Negative Implications; Rating Withdrawn)
Elgi Ultra Ltd                         LOC & BG          CRISIL A3+    15     Assigned
Elgi Ultra Ltd                         Inland/Import LOC CRISIL A3+    50     Assigned
GMR Hyderabad International Airport Ltd CP               CRISIL A1+    3500   Assigned
Grainspan Nutrients Pvt Ltd            BG                CRISIL A3     5      Reaffirmed
Grainspan Nutrients Pvt Ltd            ST Loan           CRISIL A3     150    Reaffirmed
Grainspan Nutrients Pvt Ltd            CP                CRISIL A3     100    Reaffirmed
GSC Glass Ltd                          BG                CRISIL A3+    100    -
(Downgraded from CRISIL A2)
GSC Glass Ltd                          LOC               CRISIL A3+    50     -
(Downgraded from CRISIL A2)
Harman Finochem Ltd                    LOC               CRISIL A1     100    Assigned
Huhtamaki PPL Ltd                      CP                CRISIL A1+    1500   Reaffirmed
IndianOil Petronas Pvt Ltd             LOC               CRISIL A1+    4502.5 Reaffirmed
J P Mukherji And Associates Pvt Ltd    Proposed ST Bk    CRISIL A4+    350    Assigned
                                       Loan Fac
Jay Ushin Ltd                          Purchase Bill     CRISIL A4+    250    Reaffirmed
                                       Discounting
Jay Ushin Ltd                          Sales Bill        CRISIL A4+    310    Reaffirmed
                                       Discounting
Kribhco Fertilizers Ltd                ST Loan**%%       CRISIL A1+    2500   Reaffirmed
(** Guaranteed by KRIBHCO. 
 %% sub limit of Letter of Credit (Inland/Foreign))
Kribhco Fertilizers Ltd                ST Loan**         CRISIL A1+    3000   Reaffirmed
(** Guaranteed by KRIBHCO)
Kribhco Fertilizers Ltd                ST Loan**@@       CRISIL A1+    4000   Reaffirmed
(** Guaranteed by KRIBHCO. 
@@ Sub limit of WCDL, Standby Letter of Credit / Foreign Letter of Credit, Bank Guarantee,
Buyers Credit, credit equivalent forward contract limit and foreign LC for capital goods)
Kribhco Fertilizers Ltd                ST Loan**^^       CRISIL A1+    1500   Reaffirmed
(** Guaranteed by KRIBHCO. 
 ^^ sub limit of Foreign currency demand loan)
Kribhco Fertilizers Ltd                ST Loan**         CRISIL A1+    400    Reaffirmed
(** Guaranteed by KRIBHCO. 
    Interchangeable with Letter of Credit limit)
Kribhco Fertilizers Ltd                ST Loan**&&       CRISIL A1+    5000   Reaffirmed
(** Guaranteed by KRIBHCO. 
 && with sub limit of working capital demand loan/foreign currency demand loan, Letter of credit
and stand by letter of credit)
Lazer India Pvt Ltd                    LOC               CRISIL A4+    60     Reaffirmed
Meghmani LLP                           LOC & BG          CRISIL A1     55     Reaffirmed
Meghmani Pigments                      BG                CRISIL A1     15     Reaffirmed
Melody Healthcare Pvt Ltd              BG                CRISIL A3     2.5    Reaffirmed
Melody Healthcare Pvt Ltd              Inland/Import LOC CRISIL A3     40     Reaffirmed
Meso Pvt Ltd                           BG                CRISIL A3+    5      Reaffirmed
Meso Pvt Ltd                           LOC               CRISIL A3+    35     Reaffirmed
Muthoot Capital Services Ltd           CP                CRISIL A1     2500   Reaffirmed
N.Mahalingam and Company               BG                CRISIL A4+    10     Reaffirmed
(Issuer Not Cooperating)
Netplast Pvt Ltd                       BG                CRISIL A4+    38     -
(Downgraded from CRISIL A3)
Netplast Pvt Ltd                       Foreign Bill      CRISIL A4+    57.5   -
                                       Purchase
(Downgraded from CRISIL A3)
Nilons Enterprises Pvt Ltd             Loan Equivalent   CRISIL A3     3      Reaffirmed
                                       Risk Limits
PNB Housing Finance Ltd                ST NCDs           CRISIL A1+    5000   Reaffirmed
PNB Housing Finance Ltd                CP Programme      CRISIL A1+    260000 Reaffirmed
Prakash Transport Corporation          Bill Negotiation  CRISIL A3     5      Reaffirmed
RST Infocom Pvt Ltd                    LOC               CRISIL A4+    40     Assigned
S. B. Reshellers Pvt Ltd               BG                CRISIL A4+    47.5   Reaffirmed
S. B. Reshellers Pvt Ltd               LOC               CRISIL A4+    10     Reaffirmed
S. B. Reshellers Pvt Ltd               Packing Credit    CRISIL A4+    50     Reaffirmed
S. D. International Pvt Ltd            Proposed NFBL     CRISIL A4+    4.5    Reaffirmed
Shree Krishna Prasad Cashews           Overdraft         CRISIL A4+    80     Assigned
Shriram Capital Ltd                    ST Debt Programme CRISIL A1+    2000   Reaffirmed
Shriram City Union Finance Ltd         CP                CRISIL A1+    30000  Reaffirmed

Sree Devi Cashew Industries            Export Bill       CRISIL A4+    40     Assigned
                                       Rediscounting
Sree Devi Cashew Industries            Packing Credit    CRISIL A4+    150    Assigned
Standard Chartered Investments and     CP Programme      CRISIL A1+    20000  Reaffirmed
Loans India Ltd
Sterling Ceramics                      LOC               CRISIL A4+    7.5    Assigned
Sterling Ceramics                      BG                CRISIL A4+    7.5    Assigned
T R B Exports Pvt Ltd                  Export Packing    CRISIL A4+    140    Assigned
                                       Credit
Telecom Network Solutions Pvt Ltd      BG                CRISIL A2     155    Reaffirmed
The Supreme Industries Ltd             Import Documentary CRISIL A1+   1500   Reaffirmed
                                       Credit
The Supreme Industries Ltd             LOC*              CRISIL A1+    920    Reaffirmed
(*Fully interchangeable with buyers credit)
The Supreme Industries Ltd             LOC$              CRISIL A1+    1000   Reaffirmed
($Fully interchangeable with packing credit in foreign currency and buyers credit)
The Supreme Industries Ltd             LOC               CRISIL A1+    3171   Reaffirmed
The Supreme Industries Ltd             LOC & BG          CRISIL A1+    5007   Reaffirmed
The Supreme Industries Ltd             CP                CRISIL A1+    2000   Reaffirmed
Tropical Agrosystem India Pvt Ltd      LOC & BG          CRISIL A2+    250    -
(Upgraded from CRISIL A2)
Vardhman Electrical Appliances         LOC               CRISIL A4+    30     Reaffirmed
Vardhman Electrical Appliances         Sales Bill        CRISIL A4+    60     Reaffirmed
                                       Discounting


MEDIUM TERM RATINGS:
-------------------
Anil Colour Industries Pvt Ltd         FD                FB+/Stable    20     Withdrawn
(ISSUER NOT COOPERATING; removed from FB+/Stable Notice of Withdrawal ISSUER NOT COOPERATING;
Rating Withdrawn)
Muthoot Capital Services Ltd           FD Programme      FA+/Stable    -      Reaffirmed
PNB Housing Finance Ltd                FD Programme      FAA+/Negative 20000  Reaffirmed
(Outlook revised from Stable and rating reaffirmed)
S. B. Reshellers Pvt Ltd               FD                FB+/Stable    100    Reaffirmed



LONG TERM RATINGS:
-------------------
A N Wires                              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
A S Chattha Exim Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
A.P.S. & Company Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aadhi Cars Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Abhay Chauhan and Himal Chauhan        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aditya Hi-Tech Cold Storage            CC                CRISIL        2.5    Assigned
                                                         BB-/Stable
Aditya Hi-Tech Cold Storage            TL                CRISIL        47.5   Assigned
                                                         BB-/Stable
Ahir Salt and Allied Products Pvt Ltd  TL                CRISIL        700    Assigned
                                                         BB/Stable
(Assigned; Suspension revoked)
Akshay Enterprises - Pune              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Amarjothi Spinning Mills Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Amazing Rubber Products Pvt Ltd        TL                CRISIL        30     Assigned
                                                         BB-/Stable
Amazing Rubber Products Pvt Ltd        Export Packing    CRISIL        20     Assigned
                                       Credit            BB-/Stable
American Feed                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
American Feed Unit-II                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Amko Exports                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Amma Woods Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Andhra Pradesh State Financial         9.48% Bond Series CRISIL B+     2000   -
Corporation                            V/2012
(Continues on Rating Watch with Negative Implications)
Andhra Pradesh State Financial         Bonds Series VII &CRISIL B+     2080   -
Corporation                            VIII/2014
(Continues on Rating Watch with Negative Implications)
Anitha Dairy Products                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anucool Industrial Aids Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anupam Ceramics                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ardom Towergen Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Arin Tea Pvt Ltd                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Arora Matthey Ltd                      CC                CRISIL        165    Reaffirmed
                                                         BBB-/Stable
Ashish Chemicals                       Export Packing    CRISIL        58     Reaffirmed
                                       Credit*           A/Stable
(*Interchangeable with cash credit to the extent of Rs 3 crore)
Ashish Chemicals                       Proposed LT Bk    CRISIL        4.2    Reaffirmed
                                       Loan Fac          A/Stable
Ashok Chauhan and Co.                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Asian Pre-Lam Industries Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Asian Ventures                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Astra Chemtech Pvt Ltd                 CC                CRISIL        70     -
                                                         B+/Stable
(Downgraded from CRISIL BB-/Stable)
Astra Chemtech Pvt Ltd                 Proposed LT Bk    CRISIL        28     -
                                       Loan Fac          B+/Stable
(Downgraded from CRISIL BB-/Stable)
Astra Chemtech Pvt Ltd                 WC Demand Loan    CRISIL        55     -
                                                         B+/Stable
(Downgraded from CRISIL BB-/Stable)
Automotive Manufacturers Pvt Ltd       CC                CRISIL        2550   Reaffirmed
                                                         A/Stable
Automotive Manufacturers Pvt Ltd       LT Loan           CRISIL        224    Reaffirmed
                                                         A/Stable
Avinash Doda                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Avivet Nutritional Services Pvt Ltd    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
B D Corporates Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
B. D. Agro Products Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
B. P. Construction - Hapur             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bajrang Steel Sales Corporation        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Balkrishna Sales Corporation           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Beekalene Fabrics Pvt Ltd              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Belstar Microfinance Ltd               CC                CRISIL        100    Reaffirmed
                                                         A+/Positive
Belstar Microfinance Ltd               Proposed LT Bk    CRISIL        5900   Reaffirmed
                                       Loan Fac          A+/Positive
Belstar Microfinance Ltd               TL                CRISIL        16000  Reaffirmed
                                                         A+/Positive
Belstar Microfinance Ltd               NCD               CRISIL        5000   Assigned
                                                         A+/Positive
Bharat Construction Company ( Bombay)  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bharat Heart and Super Speciality      Rating Advisory   -             -      -
Hospitals
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bigbloc Construction Ltd               CC                CRISIL        130    Reaffirmed
                                                         BB/Stable
(ISSUER NOT COOPERATING; Rating Migrated)
Bigbloc Construction Ltd               LT Loan           CRISIL        100    Reaffirmed
                                                         BB/Stable
(ISSUER NOT COOPERATING; Rating Migrated)
Bigbloc Construction Ltd               Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB/Stable
(ISSUER NOT COOPERATING; Rating Migrated)
Bindal Smelting Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bombay Jewellery Manufacturers         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Borkar Packaging Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Boss Tech Rice and Agro Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
BTR Packaging Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
C P Sponge Iron Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Celebrity Fashions Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Chakkra Coal India Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Chemrow India Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Cherussery Credits Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Choudhary International Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Convergent Wireless Communications Pvt Rating Advisory   -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Creative Educational Society           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
D And M Cables Pvt Ltd                 Rupee TL          CRISIL        66.2   Assigned
                                                         BB-/Stable
D And M Cables Pvt Ltd                 CC                CRISIL        193.8  Assigned
                                                         BB-/Stable
Deccan Nutraceuticals Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dedicated Freight Corridor Corporation Corporate Credit  CCR AAA/Stable-      -
of India Ltd
(Renewed & Reaffirmed)
Dilip Buildcon Ltd                     CC                CRISIL        23648  Reaffirmed
                                                         A/Stable
Dilip Buildcon Ltd                     Proposed CC Limit CRISIL        2752   Reaffirmed
                                                         A/Stable
Dilip Buildcon Ltd                     Proposed TL       CRISIL        1489   -
                                                         A/Stable
Dilip Buildcon Ltd                     TL                CRISIL        1111   Reaffirmed
                                                         A/Stable
Dilip Buildcon Ltd                     NCD               CRISIL        6000   Reaffirmed
                                                         A/Stable
Duars Union Tea Co. Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dusad Electricals                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Dwarkadhish Sakhar Karkhana Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Electromec Engineering Enterprises     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Elektronik Lab India Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Elgi Ultra Ltd                         TL                CRISIL        100    Assigned
                                                         BBB/Stable
Elgi Ultra Ltd                         Proposed LT Bk    CRISIL        57.5   Assigned
                                       Loan Fac          BBB/Stable
Elgi Ultra Ltd                         CC                CRISIL        145    Assigned
                                                         BBB/Stable
Epygen Biotech Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Euroasia Trans Continental             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Exim Knits Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Exora Tiles LLP                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Expo Gas Containers Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Fakirsons Papchem Pvt Ltd              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Flexi Plast Industries                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
French Motor Car Co Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Freshtrop Fruits Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Friendly Motors India Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Frontier Warehousing Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
G.R. International (INC)               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Galaxy Glass Products Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ganapati Fishing Line Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gandhi Spices Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ganga Pulp and Papers Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Garg Agrifoods Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Garg Rice Mill - Pilibhit              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ghosh Varities                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
GMR Hyderabad International Airport Ltd Proposed WC Fac  CRISIL AA     1300   Reaffirmed
(Continues on Rating Watch with Negative Implications )
GMR Hyderabad International Airport Ltd NCD              CRISIL AA     4000   Assigned
((Assigned; Placed on Rating Watch with Negative Implications) )
Gomti Healthy Nutrients Pvt Ltd        LT Loan           CRISIL        51     Reaffirmed
                                                         B/Stable
Gomti Healthy Nutrients Pvt Ltd        Proposed LT Bk    CRISIL        2      Assigned
                                       Loan Fac          B/Stable
Good Shepherd Educational Trust -      Rating Advisory   -             -      -
Trivandrum
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Grade 1 Timbers                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Grainspan Nutrients Pvt Ltd            CC                CRISIL        550    Reaffirmed
                                                         BBB-/Stable
Grainspan Nutrients Pvt Ltd            Proposed LT Bk    CRISIL        112.5  Reaffirmed
                                       Loan Fac          BBB-/Stable
Grainspan Nutrients Pvt Ltd            Standby Line of   CRISIL        50     Reaffirmed
                                       Credit            BBB-/Stable
Grainspan Nutrients Pvt Ltd            TL                CRISIL        332.5  Reaffirmed
                                                         BBB-/Stable
Green Gold Timbers Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
GSC Glass Ltd                          CC                CRISIL        95     -
                                                         BBB/Stable
(Downgraded from CRISIL BBB+/Stable)
GSC Glass Ltd                          Proposed FB Bk    CRISIL        125    -
                                       Limits            BBB/Stable
(Downgraded from CRISIL BBB+/Stable)
Gupta and Company                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Guru Raghavendra Foundations Pvt Ltd   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
GVR Khandaphod Bijwad Road Project Pvt Rating Advisory   -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
H and J Mall                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Hallmark Aquaequipment Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Happy Forgings Ltd                     CC                CRISIL        1400   Reaffirmed
                                                         A/Stable
(Outlook revised from Positive and rating reaffirmed )
Happy Forgings Ltd                     LT Loan           CRISIL        714.8  Reaffirmed
                                                         A/Stable
(Outlook revised from Positive and rating reaffirmed )
Happy Forgings Ltd                     Proposed LT Bk    CRISIL        585.2  Reaffirmed
                                       Loan Fac          A/Stable
(Outlook revised from Positive and rating reaffirmed )
Hari Om Roofing Industries             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Harman Finochem Ltd                    WC Fac            CRISIL        1100   Assigned
                                                         A/Stable
Harman Finochem Ltd                    Proposed TL       CRISIL        2800   Assigned
                                                         A/Stable
Harraj Agro Foods                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
HIA Exports                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
High Seas Exim                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
HR Rice Mills Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Huhtamaki PPL Ltd                      Proposed LT Bk    CRISIL        750    Reaffirmed
                                       Loan Fac          AA-/Stable
Huhtamaki PPL Ltd                      TL                CRISIL        1000   Reaffirmed
                                                         AA-/Stable
IEnergy Wind Farms (Theni) Pvt Ltd     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
IndianOil Petronas Pvt Ltd             Proposed LT Bk    CRISIL        100    Reaffirmed
                                       Loan Fac          AA+/Stable
Industrial Fans India Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Interlace India Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
International Steel Exchange Pvt Ltd   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
J P Mukherji And Associates Pvt Ltd    Proposed LT Bk    CRISIL        100    Assigned
                                       Loan Fac          BB/Stable
J. S. R. M. Foods                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jai Goswami Electric Work              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jaishriram Sugar and Agro Products Ltd Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jammu Casting Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jay Ushin Ltd                          Foreign Currency TCRISIL        142.5  -
                                                         BB/Stable
(Downgraded from CRISIL BB+/Stable)
Jay Ushin Ltd                          TL                CRISIL        547.5  -
                                                         BB/Stable
(Downgraded from CRISIL BB+/Stable)
Jayant Printery LLP                    CC                CRISIL        100    Assigned
                                                         BB-/Stable
Jayapriya Chit Funds Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jhansi Concrete Products - Jhansi      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jindal Agro Mills Pvt Ltd              CC                CRISIL D      85     -
(ISSUER NOT COOPERATING; Downgraded from CRISIL B/Stable)
Jindal Agro Mills Pvt Ltd              LOC               CRISIL D      370    -
(ISSUER NOT COOPERATING; Downgraded from CRISIL B/Stable)
Jindal Agro Mills Pvt Ltd              Proposed LT Bk    CRISIL D      30     -
                                       Loan Fac
(ISSUER NOT COOPERATING; Downgraded from CRISIL B/Stable)
JM Enviro Technologies Pvt Ltd         BG                -             45     Withdrawn
(Issuer Not Cooperating)
JM Enviro Technologies Pvt Ltd         CC                -             18.5   Withdrawn
(Issuer Not Cooperating)
JM Enviro Technologies Pvt Ltd         Proposed LT Bk    -             56.5   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Johns Gold & Diamonds                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
K Bhanuprasad                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
K. J. M. Rice Milling Industries       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
K.P. Abraham                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kailashnath & Co                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Karimkuttiyil Constructions & Developer Rating Advisory  -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kaur Sain Spinning Mills               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kavinganga Weaving Mills Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
KBR Homes India Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kccb Civil Constructions Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
KCS Pvt Ltd                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Khedut Agro Engineering Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
KNM Traders                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kribhco Fertilizers Ltd                CC@**             CRISIL        3000   Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO
@ Sublimit for Letter of Credit/Standby Letter of Credit/LOC (Line of Credit)/Letter of
Undertaking/Bank Guarantee/Commercial Paper Lien)
Kribhco Fertilizers Ltd                CC**              CRISIL        1000   Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO)
Kribhco Fertilizers Ltd                CC & WC demand    CRISIL        3250   Reaffirmed
                                       loan**            AA-/Stable
(** Guaranteed by KRIBHCO)
Kribhco Fertilizers Ltd                LT Bk Fac**       CRISIL        3587.3 Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO)
Kribhco Fertilizers Ltd                LT Bk Fac**       CRISIL        2000   Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO)
Kribhco Fertilizers Ltd                Standby LOC**$&   CRISIL        2000   Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO. 
$ Includes sublimit for Financial Bank Guarantee (FBG)-1, FBG-2, Performance Bank Guarantee,
Import Letter of Credit, Inland Letter of Credit, Standby Letter of Credit-1, Standby Letter of
Credit-2, Buyers Credit. 
& Fully Interchangeable with Letter of Credit)
Kribhco Fertilizers Ltd                Standby LOC%&     CRISIL        1500   Reaffirmed
                                                         AA-/Stable
(% Backed by Letter of Comfort; includes sublimit for Bank Guarantee-2, Standby Letter of
Credit-1, Standby Letter of Credit-2, Letter of credit-1 (Sight/Usance/Import/Inland). 
& Fully Interchangeable with Letter of Credit)
Kribhco Fertilizers Ltd                Standby LOC**^&   CRISIL        1500.2 Reaffirmed
                                                         AA-/Stable
(** Guaranteed by KRIBHCO. 
^ Cash Credit, Letter of Credit/Standby Letter of Credit/Buyers Credit for Bank Guarantee with
sub limit for Loan Equivalent Risk. 
& Fully Interchangeable with Letter of Credit)
Kribhco Fertilizers Ltd                NCD               CRISIL        2000   Assigned
                                                         AA-/Stable
Krishna Constructions (Chennai)        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kukadi Sahakari Sakhar Karkhana Ltd    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kumar Labels                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kumaran Gin and Pressing Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kunnel Engineers and Contractors Pvt LtRating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kusters Calico Machinery Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lancosa Ceramic LLP                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Laxmi Cottex                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Laxmi Hydraulics Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Laxmi Polytex Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lazer India Pvt Ltd                    CC                CRISIL        140    Reaffirmed
                                                         BB+/Negative
Lazer India Pvt Ltd                    Proposed LT Bk    CRISIL        20     Assigned
                                       Loan Fac          BB+/Negative
Limson Engineering Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Linga Bhairavi Enterprises             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Locero Ceramic Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Loknete Baburao Patil Agro Industries  Rating Advisory   -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
LSR Foods Ltd                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lumens India                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Magus Metals Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mahatma Gandhi Mission                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mahavishnu Cashew Factory              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Manav Motors                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Manna Industries Ltd                   Proposed LT Bk    CRISIL D      75     -
                                       Loan Fac
(Downgraded from CRISIL B+/Stable)
Manna Industries Ltd                   Secured Overdraft CRISIL D      220    -
                                       Fac
(Downgraded from CRISIL B+/Stable)
Maruti Microns                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mary Matha Modern Rice Mill            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mayasheel Retail India Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Meghmani LLP                           CC*               CRISIL        229.1  Reaffirmed
                                                         A/Stable
(*Interchangeable with letter of credit & Bank Guarantee to the extent of Rs 8 crore)
Meghmani LLP                           CC                CRISIL        31.2   Reaffirmed
                                                         A/Stable
Meghmani Pigments                      CC*               CRISIL        325    Reaffirmed
                                                         A/Stable
(*Interchangeable with letter of credit to the extent of Rs 14.5 crore)
Mekala Venkateswara Rao                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Melody Healthcare Pvt Ltd              CC                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
Melody Healthcare Pvt Ltd              Export Packing    CRISIL        30     Reaffirmed
                                       Credit            BBB-/Stable
Melody Healthcare Pvt Ltd              Proposed LT Bk    CRISIL        4      Reaffirmed
                                       Loan Fac          BBB-/Stable
Mercury Car Rentals Pvt Ltd            LT Loan           CRISIL BBB    3950   -
(Downgraded from CRISIL BBB+ ; Placed on Rating Watch with Negative Implication)
Mercury Car Rentals Pvt Ltd            Overdraft         CRISIL BBB    150    -
(Downgraded from CRISIL BBB+ ; Placed on Rating Watch with Negative Implication)
Meso Pvt Ltd                           Export Packing    CRISIL        150    Reaffirmed
                                       Credit            BBB/Stable
Millennium Business Centre - Nashik    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mirones Builders and Developers Pvt Ltd Rating Advisory  -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mishra Polypacks Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mohit Steel Industries Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Momai Foods Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
MRJ Infratech Pvt Ltd                  TL                CRISIL        100    Assigned
                                                         BB/Stable
(Assigned; Suspension revoked)
MRN Infrastructure Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Murudeshwar Ceramics Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Muthoot Capital Services Ltd           CC & WC demand loa CRISIL       15100  Reaffirmed
                                                         A/Stable
Muthoot Capital Services Ltd           Proposed LT Bk    CRISIL        4900   Reaffirmed
                                       Loan Fac          A/Stable
Muthoot Capital Services Ltd           WC TL             CRISIL        5000   Reaffirmed
                                                         A/Stable
Muthoot Capital Services Ltd           NCD               CRISIL        500    Reaffirmed
                                                         A/Stable
N.Mahalingam and Company               CC                CRISIL        45     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
N.Mahalingam and Company               Proposed LT Bk    CRISIL        21.5   Reaffirmed
                                       Loan Fac          BB+/Stable
(Issuer Not Cooperating)
Nagarwala Enterprises                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Namrata Stone Crusher                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nandnandan Silk Mills Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nandu Chemicals Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Narayankrupa Reality                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
NBM Iron and Steel Trading Pvt Ltd     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Neesarg Motors                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Neo Essel Dispoware Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Netplast Pvt Ltd                       CC                CRISIL        5      -
                                                         BB+/Stable
(Downgraded from CRISIL BBB-/Stable)
Netplast Pvt Ltd                       LT Loan           CRISIL        4.5    -
                                                         BB+/Stable
(Downgraded from CRISIL BBB-/Stable)
New Pasupati Agro Product              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
NgD Jewels                             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Niknam Chemicals Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nilons Enterprises Pvt Ltd             CC*               CRISIL        170    Reaffirmed
                                                         BBB-/Stable
(*It has sublimit of Rs 1 crores towards BG/LC, Rs 1.75 crores towards PCFC and Rs 0.5 crores
towards LER)
Nilons Enterprises Pvt Ltd             CC**              CRISIL        2850   Reaffirmed
                                                         BBB-/Stable
(**It has sublimit of Rs 5 crores towards PCFC and Rs 8 crores towards Bank guarantee)
Nilons Enterprises Pvt Ltd             CC                CRISIL        145    Reaffirmed
                                                         BBB-/Stable
Nilons Enterprises Pvt Ltd             LT Loan           CRISIL        70     Reaffirmed
                                                         BBB-/Stable
Nilons Enterprises Pvt Ltd             Proposed CC Limit CRISIL        382    Reaffirmed
                                                         BBB-/Stable
Nilons Enterprises Pvt Ltd             TL***             CRISIL        200    Reaffirmed
                                                         BBB-/Stable
(***It has sublimit of Rs 4 crores towards Letter of credit)
North India Surgical Company           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nu-Tech Dairy Engineers Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nutema Health Care Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Olympus Motors Pvt Ltd                 Inventory Funding CRISIL        390    Reaffirmed
                                       Fac               BBB+/Stable
Om Kay Infracon                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Opel Auto Products Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Orazone Paper Pvt Ltd                  CC                CRISIL        100    Assigned
                                                         BB-/Stable
Orazone Paper Pvt Ltd                  TL                CRISIL        70     Assigned
                                                         BB-/Stable
P N Shanavas                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P. S. Enterprises - Ghaziabad          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P.B.I Construction Company             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
P.N. Gawande Ginning Pressing and Oil  Rating Advisory   -             -      -
Mill Pvt Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Pac Bio Fungbact Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Palani Vijay Cottspin Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Palathumpattu Sky Jewellery            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Pan Synthetics Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Pansari Steels Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Parasakthi Agencies                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Parthas Textiles - Cochin              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Patidar Agricare                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Petro-Chem Industries                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
PHI Learning Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Piyush Infratech Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
PKP Processors                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
PNB Housing Finance Ltd                LT Loan           CRISIL        11980  Reaffirmed
                                                         AA/Negative
(Outlook revised from Stable and rating reaffirmed )
PNB Housing Finance Ltd                Proposed LT Bk    CRISIL        28020  Reaffirmed
                                       Loan Fac          AA/Negative
(Outlook revised from Stable and rating reaffirmed )
PNB Housing Finance Ltd                Lower Tier II Bond CRISIL       4000   Reaffirmed
                                                         AA/Negative
(Outlook revised from Stable and rating reaffirmed)
PNB Housing Finance Ltd                Lower Tier II Bond CRISIL       5000   Reaffirmed
                                                         AA/Negative
(Outlook revised from Stable and rating reaffirmed)
PNB Housing Finance Ltd                NCDs              CRISIL        57000^ Reaffirmed
                                                         AA/Negative
(^Including Rs.1100 crore, previously classified as bonds)
Prabhu Textiles                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prabhukrupa Rice Mill                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prahlad Ispat Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prakash Transport Corporation          CC                CRISIL        95     Reaffirmed
                                                         BBB-/Stable
Pranav Foundations Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Progressive Cars Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Purohit and Company                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R. B. Chavan                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R. B. Construction Co                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R. Velumani                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R.R. Agro Foods                        CC                CRISIL        200    Reaffirmed
                                                         B+/Stable
Radhe Hurkat Ispat Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Radhikareddy Infra Projects Pvt Ltd    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rafeek Cashew Company                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raghav Productivity Enhancers Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rahul Agencies                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rainbow Texfab Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rajalakshmi Spinners Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rajdeep Publicity Pvt Ltd              BG                -             79.7   Withdrawn
Rajdeep Publicity Pvt Ltd              CC                -             30     Withdrawn
Rajdeep Publicity Pvt Ltd              Rupee TL          -             67.5   Withdrawn
Raman Roadways Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ramyaa Electro Gear Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ranisati Paddy Processing Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rasik Vatika Silk Mills Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rathi Industries Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rato Communications And Electronics Pvt Rating Advisory  -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Remy Diamonds Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rosy Hosiery Mills                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
RPV Exports Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
RST Infocom Pvt Ltd                    Proposed FB Bk    CRISIL        44     Assigned
                                       Limits            BB-/Stable
RST Infocom Pvt Ltd                    Overdraft         CRISIL        36     Assigned
                                                         BB-/Stable
Rubicon Inspection Systems Pvt Ltd     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S Kumars Associates                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S. B. Reshellers Pvt Ltd               CC                CRISIL        190.5  Reaffirmed
                                                         BB+/Stable
S. B. Reshellers Pvt Ltd               LT Loan           CRISIL        162    Reaffirmed
                                                         BB+/Stable
S. D. International Pvt Ltd            CC                CRISIL        90     Reaffirmed
                                                         BB-/Stable
S. D. International Pvt Ltd            Rupee TL          CRISIL        148    Reaffirmed
                                                         BB-/Stable
Sadbhav Bhavnagar Highway Pvt Ltd      LT Loan           CRISIL        4344.9 -
                                                         BB+/Stable
(Downgraded from CRISIL BBB-/Negative)
Saffron Lifestyle Traders Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sagar Steels And Wires                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sai Construction and Builders          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sai Lekshmi Cashew Company             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Samadhan Kendra                        Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B/Stable
Santha Cashew                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sarama Steel Furniture                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sarayu Cleangen Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sarika Industries Pvt Ltd              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sarvodya Hospital                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Satya Sai Agro Industries              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Satyam Enterprises - Pune              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Satyendra Agro Products                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Savitri Alloys                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SBICAP Securities Ltd                  BG                CRISIL        2000   Reaffirmed
                                                         AA+/Stable
SBICAP Securities Ltd                  Overdraft         CRISIL        1000   Reaffirmed
                                                         AA+/Stable
SCL Healthcare Pvt Ltd                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Seshadri Builders                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sethu Distribution Agency              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Seven Hills International              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sha Shambhulal Nathalal and Co Timber  Rating Advisory   -             -      -
Merchants
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shaji Mathew                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sharvari Electricals - Aurangabad      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shastha Enterprises                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shivam Iron and Steel Co. Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shivam Steels and Tubes Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shivshakti Barrels Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Krishna Prasad Cashews           Secured Overdraft CRISIL        45     Assigned
                                       Fac               BB-/Stable
Shree Ramdev Cotton Industries         CC                CRISIL        75     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Shree Ramdev Cotton Industries         LT Loan           CRISIL        4.5    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Shree Ramdev Cotton Industries         Proposed LT Bk    CRISIL        0.5    Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Shree Sai Knittings Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Sairam Communications (India) Pvt Rating Advisory  -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Santoshi Traders                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Sanwaria Seth Kripa              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shreyans Creation Global Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shri Amarnath Milk Foods Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shri Shyam Iron and Power Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shri Vijaylaxmi Ginning and Pressing   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shriaman Agrovet Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shridhar Kraftpack LLP                 CC                CRISIL        27     -
                                                         B/Stable
(Migrated from CRISIL B/Stable ISSUER NOT COOPERATING ; Rating Withdrawn)
Shridhar Kraftpack LLP                 TL                CRISIL        53     -
                                                         B/Stable
(Migrated from CRISIL B/Stable ISSUER NOT COOPERATING ; Rating Withdrawn)
Shriram City Union Finance Ltd         NCD               CRISIL        30000  Reaffirmed
                                                         AA/Negative 
(Outlook revised from Stable and rating reaffirmed)
Shriram City Union Finance Ltd         NCD               CRISIL        6000   Reaffirmed
                                                         AA/Negative 
(Outlook revised from Stable and rating reaffirmed)
Shriram City Union Finance Ltd         Subordinated Debt CRISIL        1000   Reaffirmed
                                                         AA/Negative 
(Outlook revised from Stable and rating reaffirmed)
Shriram Housing Finance Ltd            Proposed LT Bk    CRISIL        10000  Reaffirmed
                                       Loan Fac          AA/Negative
(Outlook revised from Stable and rating reaffirmed )
Shriram Housing Finance Ltd            NCD               CRISIL        5000   Reaffirmed
                                                         AA/Negative
((Outlook revised from Stable and rating reaffirmed) )
Shruti Rice Mill                       WC Fac            CRISIL        70     -
                                                         B+/Stable
(Downgraded from CRISIL BB-/Stable)
Silpa Projects and Infrastructure India Rating Advisory  -             -      -
Pvt Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sion Ceramics Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SLS Exports Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Somani Motors Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sony India Pvt Ltd                     CC                CRISIL        10700  Reaffirmed
                                                         AA/Stable
Spark Realty                           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Spring Inc.                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sree Devi Cashew Industries            Standby Fund Based CRISIL       10     Assigned
                                       WC                BB+/Stable
Sri Guru Harkrishan Sahib (C) Eye      Overdraft         CRISIL        42.5   Reaffirmed
Hospital Trust (Regd.)                                   BB+/Stable
Sri Guru Harkrishan Sahib (C) Eye      TL                CRISIL        237.5  Reaffirmed
Hospital Trust (Regd.)                                   BB+/Stable
Sri Guru Raghavendr Agro Foods         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Janardhan Agro Industries          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Kala Agencies                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Lakshmi Constructions and Developer Rating Advisory  -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Varalakshmi Solvent Oils Pvt Ltd   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Venkatalakshmi Spinners Pvt Ltd    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sriram Fasteners                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SRM Transports India Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SRM Trust - AP                         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Standard Chartered Investments and     Overdraft         CRISIL        1000   Reaffirmed
Loans India Ltd                                          AAA/Stable
Standard Chartered Investments and     Proposed LT Bk    CRISIL        17000  Reaffirmed
Loans India Ltd                        Loan Fac          AAA/Stable
Standard Chartered Investments and     TL                CRISIL        2000   Reaffirmed
Loans India Ltd                                          AAA/Stable
Standard Chartered Investments and     NCD               CRISIL        5000   Reaffirmed
Loans India Ltd                                          AAA/Stable
Star Realcon Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Steel Sun                              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sterling Ceramics                      TL                CRISIL        0.3    Assigned
                                                         BB/Stable
Sterling Ceramics                      Proposed LT Bk    CRISIL        0.3    Assigned
                                       Loan Fac          BB/Stable
Sterling Ceramics                      CC                CRISIL        35     Assigned
                                                         BB/Stable
Sultanpure Textile Mills Pvt Ltd       CC                CRISIL        75     Reaffirmed
                                                         BB-/Stable
Sultanpure Textile Mills Pvt Ltd       Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB-/Stable
Sultanpure Textile Mills Pvt Ltd       TL                CRISIL        45.5   Reaffirmed
                                                         BB-/Stable
Sundyota Numandis Probioceuticals Pvt  Rating Advisory   -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sunil Steels - Podiyadi                CC                CRISIL D      65     Reaffirmed
(Issuer Not Cooperating)
Sunil Steels - Podiyadi                Proposed LT Bk    CRISIL D      5      Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Super Glitz                            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Surbhi Industries - Morbi              Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Suresh Chand Gupta                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Surya Bakery and Confectionery Pvt Ltd Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Swarna Constructions                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Swastik Lumbers Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Swelore Engineering Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Syncotts International                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
T I Motors Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
TAS Powertek Ltd                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Telecom Network Solutions Pvt Ltd      CC                CRISIL        125    Reaffirmed
                                                         BBB+/Stable
The Supreme Industries Ltd             CC                CRISIL        2610   Reaffirmed
                                                         AA/Stable
(Outlook revised from Positive and rating reaffirmed )
The Supreme Industries Ltd             CC^               CRISIL        1000   Reaffirmed
                                                         AA/Stable
(Outlook revised from Positive and rating reaffirmed. ^Fully interchangeable with working
capital demand loan, buyers credit and letter of credit)
The Supreme Industries Ltd             CC & WC demand loan CRISIL      500    Reaffirmed
                                                         AA/Stable
(Outlook revised from Positive and rating reaffirmed )
The Supreme Industries Ltd             Overdraft         CRISIL        650    Reaffirmed
                                                         AA/Stable
(Outlook revised from Positive and rating reaffirmed )
The Supreme Industries Ltd             WC Demand Loan@   CRISIL        1250   Reaffirmed
                                                         AA/Stable
(Outlook revised from 'Positive' and rating reaffirmed. 
 @Fully interchangeable with letter of credit and buyer's credit, interchangeable with Rs 25
crore of bank guarantee)
Theme Export Pvt Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tirupati Rice Industries               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Total Earth Movers Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Total Logistics (India) Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Trend Setters                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tropical Agrosystem India Pvt Ltd      CC*               CRISIL        2150   -
                                                         A-/Stable
(Upgraded from CRISIL BBB+/Positive . 
 *Interchangeable with Working capital term loan)
Trupti Automotives                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Turbo Engineers (Cbe)                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
U. P. Power Corporation Ltd            Bond              CRISIL        42354  Reaffirmed
                                                         A+(CE)/Stable
U. P. Power Corporation Ltd            Bond              CRISIL        51700  Reaffirmed
                                                         A+(CE)/Stable
U. P. Power Corporation Ltd            Bond              CRISIL        2646   Withdrawn
                                                         A+(CE)/Stable
U. P. Power Corporation Ltd            Bond              CRISIL        3230   Withdrawn
                                                         A+(CE)/Stable
Unishire Urbanscape Pvt Ltd            NCD               CRISIL D      1260   -
(ISSUER NOT COOPERATING; Rating Migrated)
Universal Cartons Solutions Pvt Ltd    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Usha Industries (India)                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Uttam Seeds - Hisar                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vaigai Leather Corporation             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vardhman Electrical Appliances         Overdraft         CRISIL        35     Reaffirmed
                                                         BB+/Negative
Vardhman Electrical Appliances         Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB+/Negative
Vardhman Electrical Appliances         WC TL             CRISIL        20     Assigned
                                                         BB+/Negative
Vardhman Electrical Appliances         TL                CRISIL        18.6   Assigned
                                                         BB+/Negative
Vasant Masala Pvt Ltd                  CC                -             79     Withdrawn
(Issuer Not Cooperating)
Vasant Masala Pvt Ltd                  Proposed LT Bk    -             10     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Vasant Masala Pvt Ltd                  TL                -             215    Withdrawn
(Issuer Not Cooperating)
Vasavi Thanga Maaligai                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vedika Agro Industries                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Venkatasai Solvent India Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
VHB Life Sciences Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
VHB Medisciences Ltd                   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vijay Agro Products Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vijay Iron and Steel Co.               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vijayalakshmi Par Boiled Rice Industries Rating Advisory   -            -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vikas Associates                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vikram Traders - Ahmednagar            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vinayak Support Services Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vishal Transformers and Switchgears Pvt Rating Advisory  -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Wayne-Burt Petrochemicals Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Wiintrack Exports                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
YP Foods Pvt Ltd                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
YRK Constructions                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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