November 15, 2018 / 5:34 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Nov 15

   Nov 15 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 14, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Aaditya Foam Industries LLP             LOC                CRISIL A4+     20      Reaffirmed
Active Tools Pvt Ltd                    Packing Credit     CRISIL A4+     110     Assigned
Amar Jyothi Paper Co.                   LOC Bill           CRISIL A4      40      Reaffirmed
                                        Discounting
(Issuer Not Cooperating)
Anmol Industries Ltd                    Proposed ST Bk     CRISIL A1+     50      Reaffirmed
                                        Loan Fac
Apex Corporation India Pvt Ltd          BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Clean Solar Power (Hiriyur) Pvt Ltd     LOC & BG@          CRISIL A1+     6300    Reaffirmed
@Interchangeable with fund based limits of upto Rs 200 crore  
Clean Solar Power (Hiriyur) Pvt Ltd     LOC & BG           CRISIL A1+     6000    Reaffirmed
Clean Solar Power (Hiriyur) Pvt Ltd     LOC & BG#          CRISIL A1+     8000    Reaffirmed
#Interchangeable with fund based limits of upto Rs 550 crore
Clean Solar Power (Hiriyur) Pvt Ltd     Overdraft          CRISIL A1+     20      Assigned
Clean Solar Power (Hiriyur) Pvt Ltd     CP                 CRISIL A1+     2500    Reaffirmed
Coimbatore Pioneer Fertilizers Ltd.     Inland/Import LOC  CRISIL A4+     160     Reaffirmed
Dai-Ichi Karkaria Ltd                   LOC                CRISIL A4+     70      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Durga Signal Infra Pvt Ltd              BG                 CRISIL A4+     55      Assigned
East West Pipeline Ltd                  Non-FBL            CRISIL A1+     1000    Reaffirmed
East West Pipeline Ltd                  Proposed NFBL      CRISIL A1+     9155.3  Reaffirmed
East West Pipeline Ltd                  ST Debt            CRISIL A1+     10000   Withdrawn
Esh Ispat Pvt Ltd                       Proposed NFBL      CRISIL A4      2       Reassigned
Future Lifestyle Fashions Ltd           LOC^               CRISIL A1+     4750    Reaffirmed
^Interchangeable with Letter of Undertaking and Bank Guarantee 
Future Lifestyle Fashions Ltd           CP#                CRISIL A1+     2900    Reaffirmed
#Rs 140 crore carved out of Working capital limits. (Enhanced from Rs.200 Crore)
Green Agro Pack Pvt Ltd                 Export Bill        CRISIL A4      55      Reaffirmed
                                        Negotiation
Green Agro Pack Pvt Ltd                 LOC                CRISIL A4      23.5    -
Green Agro Pack Pvt Ltd                 Packing Credit     CRISIL A4      76.5    Reaffirmed
HDB Financial Services Ltd              CP Programme       CRISIL A1+     10000   Reaffirmed
HDFC Credila Financial Services Pvt Ltd CP                 CRISIL A1+     10000   Reaffirmed
Himalayan Road Construction Pvt Ltd     Letter Of GuaranteeCRISIL A4+     120     Reaffirmed
(Issuer Not Cooperating)
Ila Home Fashions                       Bills Payable      CRISIL A4      35      Reaffirmed
(Issuer Not Cooperating)
Ila Home Fashions                       Packing Credit     CRISIL A4      48      Reaffirmed
(Issuer Not Cooperating)
Industrial Associates                   BG                 CRISIL A4      32.5    Reaffirmed
(Issuer Not Cooperating)
ITP Electronics Pvt Ltd                 BG                 CRISIL A4      30      Reaffirmed
(Issuer Not Cooperating)
Jain Timber Co Pvt Ltd                  LOC                CRISIL A4      60      Reaffirmed
(Issuer Not Cooperating)
Jayatma Informatics Pvt Ltd             BG                 CRISIL A4+     5       Reaffirmed
(Issuer Not Cooperating)
Jayatma Informatics Pvt Ltd             LOC                CRISIL A4+     65      Reaffirmed
(Issuer Not Cooperating)
Jewel India Pvt Ltd                     Packing Credit     CRISIL A4      50      Reaffirmed
Jewel India Pvt Ltd                     Standby LOC        CRISIL A4      145     Reaffirmed
Jonson Rubber Industries Ltd            BG                 CRISIL A4      180     Reaffirmed
(Issuer Not Cooperating)
Jonson Rubber Industries Ltd            LOC Bill           CRISIL A4      200     Reaffirmed
                                        Discounting
(Issuer Not Cooperating)
Jonson Rubber Industries Ltd            Packing Credit     CRISIL A4      80      Reaffirmed
(Issuer Not Cooperating)
Just Click Travels Pvt Ltd              BG                 CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Just Click Travels Pvt Ltd              Overdraft          CRISIL A4      60      Reaffirmed
(Issuer Not Cooperating)
Kaynes Technology India Pvt Ltd         Bill Discounting   CRISIL A3      440     Reaffirmed
Kaynes Technology India Pvt Ltd         Bill Discounting   CRISIL A3      50      Reaffirmed
                                        under LOC
Kaynes Technology India Pvt Ltd         LOC                CRISIL A3      130     Reaffirmed
KCRM FOODS Cont                         BG                 CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Kuloday Plastomers Pvt Ltd              Packing Credit in  CRISIL A4+     85      Assigned
                                        Foreign Currency
Kuloday Plastomers Pvt Ltd              LOC                CRISIL A4+     75      Assigned
Leather Linkers Footwear Pvt Ltd        Bill Discounting   CRISIL A4+     20      Reaffirmed
Leather Linkers Footwear Pvt Ltd        Packing Credit     CRISIL A4+     40      Reaffirmed
Parkash Dye Chem                        LOC                CRISIL A4+     50      Reaffirmed
Prathmesh Construction                  BG                 CRISIL A4+     130     Reaffirmed
Shethia Erectors and Material Handlers  Capex LOC          CRISIL A4+     1025    Migrated from
Ltd                                                                               CRISIL A2
(Issuer Not Cooperating)
Strescon Industries Ltd                 BG                 CRISIL A4+     20      -
Upgraded from CRISIL A4
Strescon Industries Ltd                 LOC                CRISIL A4+     20      -
Upgraded from CRISIL A4
TAFE Access Ltd                         BG*                CRISIL A1+     20      Reaffirmed
* Interchangeable with letter of credit
TAFE Access Ltd                         ST Debt            CRISIL A1+     150     Reaffirmed
V-Guard Industries Ltd                  CP                 CRISIL A1+     1500    Reaffirmed
Vivriti Alchemist 06 2018 (Originator:  Series A1 PTCs     CRISIL A1+ (SO)-       Converted
Muthoot Fincorp Ltd) - Series A1 PTCs                                             from
                                                                                  Provisional
                                                                                  Rating to 
                                                                                  Final Rating

LONG TERM RATINGS:
------------------- 
Aaditya Foam Industries LLP             CC                 CRISIL BB      22.5    Upgraded from
                                                                                  CRISIL BB-
Aaditya Foam Industries LLP             TL                 CRISIL BB      57.5    Upgraded from
                                                                                  CRISIL BB-
Active Tools Pvt Ltd                    CC                 CRISIL BB      10      Reaffirmed
Active Tools Pvt Ltd                    LT Loan            CRISIL BB      50      Reaffirmed
Alpha Consumables                       CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Amar Jyothi Paper Co.                   CC                 CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
Anmol Industries Ltd                    CC                 CRISIL A+      590     Reaffirmed
Anmol Industries Ltd                    LT Loan            CRISIL A+      15      Reaffirmed
Anmol Industries Ltd                    Overdraft          CRISIL A+      200     Reaffirmed
Anmol Industries Ltd                    Proposed LT Bk     CRISIL A+      145     Reaffirmed
                                        Loan Fac
Apex Corporation India Pvt Ltd          CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Avyaya SBL Northern Arc 2018            Series A2 PTCs      CRISIL BB+    -       Converted
(Originator: Home Credit India Finance                     (SO)                   from
Pvt Ltd) - Avyaya SBL Northern Arc 2018                                           Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Avyaya SBL Northern Arc 2018            Series A1 PTCs     CRISIL A- (SO) -       Converted
(Originator: Home Credit India Finance                                            from
Pvt Ltd) - Avyaya SBL Northern Arc 2018                                           Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Bharat Carbon and Oil Industries        CC                 CRISIL B-      10      Reaffirmed
(Issuer Not Cooperating)
Bharat Carbon and Oil Industries        Mortgage Loan Fac  CRISIL B-      12      Reaffirmed
(Issuer Not Cooperating)
Bharat Carbon and Oil Industries        Proposed TL        CRISIL B-      1       Reaffirmed
(Issuer Not Cooperating)
Bharat Carbon and Oil Industries        TL                 CRISIL B-      52      Reaffirmed
(Issuer Not Cooperating)
Cheran Weaves India Pvt Ltd             CC                 CRISIL BBB     40      Assigned
Cheran Weaves India Pvt Ltd             LT Loan            CRISIL BBB     30      Assigned
Chorus Agro Pvt Ltd                     CC                 CRISIL BB-     62.5    Reaffirmed
Migrated from CRISIL BB-/Stable (Issuer Not Cooperating)
Chorus Agro Pvt Ltd                     TL                 CRISIL BB-     27.5    Reaffirmed
Migrated from CRISIL BB-/Stable (Issuer Not Cooperating)
Clean Solar Power (Hiriyur) Pvt Ltd     LT Loan            CRISIL AA-     470     Assigned
Coimbatore Pioneer Fertilizers Ltd.     Bill Discounting   CRISIL BB+     3       Reaffirmed
Coimbatore Pioneer Fertilizers Ltd.     CC & WC demand loanCRISIL BB+     30      Reaffirmed
Coimbatore Pioneer Fertilizers Ltd.     Open CC            CRISIL BB+     37      Reaffirmed
Dai-Ichi Karkaria Ltd                   CC                 CRISIL BB+     200     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Dai-Ichi Karkaria Ltd                   LT Loan            CRISIL BB+     920     Migrated from
                                                                                  CRISIL BBB-
(Issuer Not Cooperating)
Darrick Insecticides Ltd                CC                 CRISIL BB+     150     Upgraded from
                                                                                  CRISIL BB
Darrick Insecticides Ltd                Proposed LT Bk     CRISIL BB+     50      Upgraded from
                                        Loan Fac                                  CRISIL BB
Dr. Anjoli Health Care                  Proposed LT Bk     CRISIL B-      50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Durga Signal Infra Pvt Ltd              CC                 CRISIL BB-     15      Assigned
East West Pipeline Ltd                  NCD                CRISIL AAA     25000   Withdrawn
East West Pipeline Ltd                  NCD                CRISIL AAA     10000   Withdrawn
Esh Ispat Pvt Ltd                       CC                 CRISIL B+      30      Reaffirmed
Esh Ispat Pvt Ltd                       Proposed FB Bk     CRISIL B+      100     Reaffirmed
                                        Limits
Esh Ispat Pvt Ltd                       TL                 CRISIL B+      48      Reaffirmed
Future Lifestyle Fashions Ltd           CC*                CRISIL AA-     5500    Reaffirmed
*Interchangeable with Working Capital Demand Loan and Commercial Paper 
Future Lifestyle Fashions Ltd           LT Loan            CRISIL AA-     4750    Reaffirmed
Future Lifestyle Fashions Ltd           NCD                CRISIL AA-     5000    Reaffirmed
Global Estates AC Ambassador Hotel      CC                 CRISIL B       5       Reaffirmed
(Issuer Not Cooperating)
Global Estates AC Ambassador Hotel      Proposed LT Bk     CRISIL B       0.8     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Global Estates AC Ambassador Hotel      TL                 CRISIL B       84.2    Reaffirmed
(Issuer Not Cooperating)
Golecha Telecom LLP                     CC                 CRISIL BB-     97      Assigned
Green Agro Pack Pvt Ltd                 LT Loan            CRISIL B       45      -
Upgraded from CRISIL C
GVRMP Whagdhari Ribbanpally Tollway Pvt LT Loan            CRISIL D       2020    -
Ltd
(Issuer Not Cooperating); Downgraded from CRISIL B
Hanuman Rice Traders                    CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Hanuman Rice Traders                    Proposed LT Bk     CRISIL B-      6       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Hanuman Rice Traders                    SME Credit         CRISIL B-      2.5     Reaffirmed
(Issuer Not Cooperating)
Hanuman Rice Traders                    TL                 CRISIL B-      16.5    Reaffirmed
(Issuer Not Cooperating)
Hariom Industries                       CC                 CRISIL B+      42.5    Reaffirmed
(Issuer Not Cooperating)
Hariom Industries                       LT Loan            CRISIL B+      12.5    Reaffirmed
(Issuer Not Cooperating)
HDB Financial Services Ltd              LT Bk Fac          CRISIL AAA     153300  Reaffirmed
HDB Financial Services Ltd              Proposed LT Bk     CRISIL AAA     46700   Reaffirmed
                                        Loan Fac
HDB Financial Services Ltd              NCD                CRISIL AAA     90000   Reaffirmed
(Reduced from Rs.10000 Crore)  
HDB Financial Services Ltd              NCD                CRISIL AAA     214200  Reaffirmed
HDB Financial Services Ltd              Subordinated Debt  CRISIL AAA     20000   Reaffirmed
HDB Financial Services Ltd              Subordinated Debt  CRISIL AAA     15000   Reaffirmed
HDB Financial Services Ltd              Perpetual Bonds    CRISIL AAA     5000    Reaffirmed
                                        Issue
HDB Financial Services Ltd              LT Principal       CRISIL PP-MLD  10000   Assigned
                                        Protected Market   AAAr
                                        Linked Debentures
HDFC Credila Financial Services Pvt Ltd NCD Issue          CRISIL AAA     3000    Assigned
HDFC Credila Financial Services Pvt Ltd NCD                CRISIL AAA     16000   Reaffirmed
HDFC Credila Financial Services Pvt Ltd Subordinated Debt  CRISIL AAA     2000    Reaffirmed
Himalayan Road Construction Pvt Ltd     CC                 CRISIL BB-     60      Reaffirmed
(Issuer Not Cooperating)
Himavasini Motors Pvt Ltd               CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Himavasini Motors Pvt Ltd               Proposed LT Bk     CRISIL D       1.6     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Himavasini Motors Pvt Ltd               TL                 CRISIL D       18.4    Reaffirmed
(Issuer Not Cooperating)
IB Commercial Pvt Ltd                   Proposed LT Bk     CRISIL D       1.6     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
IB Commercial Pvt Ltd                   WC Demand Loan     CRISIL D       578.4   Reaffirmed
(Issuer Not Cooperating)
Ila Home Fashions                       Proposed FB Bk     CRISIL B       37      Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Industrial Associates                   CC                 CRISIL B       117.5   Reaffirmed
(Issuer Not Cooperating)
Irrilink Drip Irrigation Industries     CC                 CRISIL B-      32.5    Reaffirmed
(Issuer Not Cooperating)
Irrilink Drip Irrigation Industries     Proposed CC Limit  CRISIL B-      18.1    Reaffirmed
(Issuer Not Cooperating)
Irrilink Drip Irrigation Industries     TL                 CRISIL B-      49.4    Reaffirmed
(Issuer Not Cooperating)
ITP Electronics Pvt Ltd                 CC                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
ITP Electronics Pvt Ltd                 Proposed LT Bk     CRISIL B       35      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  CC                 CRISIL D       1940    Reaffirmed
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  Foreign Exchange   CRISIL D       30      Reaffirmed
                                        Forward
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  Proposed CC Limit  CRISIL D       220     Reaffirmed
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  Proposed LT Bk     CRISIL D       196     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  Proposed ST Bk     CRISIL D       330     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  TL                 CRISIL D       144     Reaffirmed
(Issuer Not Cooperating)
J. R. Agrotech Pvt Ltd                  Warehouse Receipts CRISIL D       390     Reaffirmed
(Issuer Not Cooperating)
Jaahnavee Life Sciences Pvt Ltd         Proposed LT Bk     CRISIL B       65      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jagat Radha Motors Pvt Ltd              Electronic Dealer  CRISIL B       62.5    Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Jai Jalaram Ceramic Works Pvt Ltd       CC                 CRISIL B       55      Reaffirmed
(Issuer Not Cooperating)
Jai Jalaram Ceramic Works Pvt Ltd       Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jai Maa Jagdamba Flour Pvt Ltd          CC                 CRISIL D       200     Reaffirmed
(Issuer Not Cooperating)
Jain Timber Co Pvt Ltd                  CC                 CRISIL B       32.5    Reaffirmed
(Issuer Not Cooperating)
Jain Timber Co Pvt Ltd                  Proposed LT Bk     CRISIL B       7.5     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jayaho Agri Ventures Pvt Ltd            CC                 CRISIL D       120     Reaffirmed
(Issuer Not Cooperating)
Jayatma Informatics Pvt Ltd             CC                 CRISIL BB      30      Reaffirmed
(Issuer Not Cooperating)
Jesus Loves                             LT Loan            CRISIL B       120     Reaffirmed
(Issuer Not Cooperating)
JMK Auto Pvt Ltd                        CC                 CRISIL BB-     30      Reaffirmed
(Issuer Not Cooperating)
JMK Auto Pvt Ltd                        Proposed LT Bk     CRISIL BB-     28      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jonson Rubber Industries Ltd            CC                 CRISIL B       140     Reaffirmed
(Issuer Not Cooperating)
Jonson Rubber Industries Ltd            Proposed LT Bk     CRISIL B       21.3    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jonson Rubber Industries Ltd            TL                 CRISIL B       18.7    Reaffirmed
(Issuer Not Cooperating)
Kaaba Trading Pvt Ltd                   CC                 CRISIL B       63      Reaffirmed
(Issuer Not Cooperating)
Kakda Rolling Mills                     CC                 CRISIL B       135     Reaffirmed
(Issuer Not Cooperating)
Katni Realty Pvt Ltd                    TL                 CRISIL B       75      Reaffirmed
(Issuer Not Cooperating)
Kaynes Technology India Pvt Ltd         CC                 CRISIL BBB-    230     Reaffirmed
Kaynes Technology India Pvt Ltd         Packing Credit     CRISIL BBB-    100     Reaffirmed
Kaynes Technology India Pvt Ltd         Proposed FB Bk     CRISIL BBB-    192.1   Reaffirmed
                                        Limits
Kaynes Technology India Pvt Ltd         TL                 CRISIL BBB-    72.9    Reaffirmed
Kaynes Technology India Pvt Ltd         NCD                CRISIL BBB-    170     Assigned
KCRM FOODS Cont                         CC                 CRISIL B       45      Reaffirmed
(Issuer Not Cooperating)
Kenz Inn Commercial Complex Ltd         Proposed TL        CRISIL B       1500    Reaffirmed
(Issuer Not Cooperating)
Keya Seth Ayurvedic Solution Pvt Ltd    CC                 CRISIL BB-     2.5     Reaffirmed
(Issuer Not Cooperating)
Keya Seth Ayurvedic Solution Pvt Ltd    Proposed LT Bk     CRISIL BB-     47.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Keya Seths Marketing                    CC                 CRISIL BB      15      Reaffirmed
(Issuer Not Cooperating)
Keya Seths Marketing                    Proposed LT Bk     CRISIL BB      35      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
KF Biotech Pvt Ltd                      CC                 CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
KF Biotech Pvt Ltd                      LT Loan            CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
KF Biotech Pvt Ltd                      Proposed WC Fac    CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
KF Farms Pvt Ltd                        CC                 CRISIL B       85      Reaffirmed
(Issuer Not Cooperating)
KF Farms Pvt Ltd                        LT Loan            CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
KF Farms Pvt Ltd                        Proposed WC Fac    CRISIL B       55      Reaffirmed
(Issuer Not Cooperating)
Kuloday Plastomers Pvt Ltd              Proposed LT Bk     CRISIL BB+     42.5    Assigned
                                        Loan Fac
Kuloday Plastomers Pvt Ltd              LT Loan            CRISIL BB+     117.5   Assigned
Leather Linkers Footwear Pvt Ltd        TL                 CRISIL BB      5       -
Upgraded from CRISIL BB-/Stable
Madhav Copper Ltd                       CC                 CRISIL BB+     80      Reaffirmed
Madhav Copper Ltd                       LT Loan            CRISIL BB+     35      Reaffirmed
Madhav Copper Ltd                       TL                 CRISIL BB+     15      Assigned
Madhav Copper Ltd                       Proposed LT Bk     CRISIL BB+     15      Assigned
                                        Loan Fac
MG Automotives (Bus and Coach) Pvt Ltd  Bill Discounting   CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
MG Automotives (Bus and Coach) Pvt Ltd  CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
MG Automotives (Bus and Coach) Pvt Ltd  TL                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Northern Arc 2018 CV Pratap             Series A2 PTCs     CRISIL A- (SO) -       Converted
(Originator: Muthoot Capital Services                                             from
Ltd) - Northern Arc 2018 CV Pratap                                                Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Northern Arc 2018 CV Pratap             Series A1 PTCs     CRISIL AA- (SO)-       Converted
(Originator: Muthoot Capital Services                                             from
Ltd) - Northern Arc 2018 CV Pratap                                                Provisional
                                                                                  Rating to 
                                                                                  Final Rating
Parkash Dye Chem                        CC                 CRISIL BB      50      Reaffirmed
Parkash Dye Chem                        Proposed LT Bk     CRISIL BB      30      Reaffirmed
                                        Loan Fac
Phoenix Ispat Pvt Ltd                   CC                 CRISIL BB-     65      Reaffirmed
Phoenix Ispat Pvt Ltd                   Electronic Dealer  CRISIL BB-     125     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Phoenix Ispat Pvt Ltd                   Proposed LT Bk     CRISIL BB-     60      Reaffirmed
                                        Loan Fac
Prathmesh Construction                  CC                 CRISIL BB+     100     Reaffirmed
Prathmesh Construction                  Proposed CC Limit  CRISIL BB+     50      Assigned
Prathmesh Construction                  Proposed BG        CRISIL BB+     70      Assigned
Salasar Green Energy Pvt Ltd            Rupee TL           -              250     Withdrawn
(Issuer Not Cooperating)
Sansar Trust June 2018 III (Originator: Series A PTCs      CRISIL AAA     -       Converted
Shriram Transport Finance Co. Ltd)                         (SO)                   from
-Sansar Trust June 2018 III                                                       Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Sansar Trust June 2018 III (Originator: Second Loss Fac    CRISIL BBB+    -       Converted
Shriram Transport Finance Co. Ltd)                         (SO) Equivalent        from
-Sansar Trust June 2018 III                                                       Provisional 
                                                                                  Rating to 
                                                                                  Final Rating
Sarda Rice and Oil Mills                CC                 CRISIL B+      76      Reaffirmed
Sarda Rice and Oil Mills                TL                 CRISIL B+      54      Reaffirmed
Shethia Erectors and Material Handlers  CC                 CRISIL BB+     225     Migrated from
Ltd                                                                               CRISIL BBB+
(Issuer Not Cooperating)
Shethia Erectors and Material Handlers  TL                 CRISIL BB+     400     Migrated from
Ltd                                                                               CRISIL BBB+
(Issuer Not Cooperating)
Shree Balaji Mining Pvt Ltd             CC                 CRISIL BB-     90      Reaffirmed
Strescon Industries Ltd                 CC                 CRISIL BB-     45      -
Upgraded from CRISIL B+/Stable
Strescon Industries Ltd                 Proposed FB Bk     CRISIL BB-     90      -
                                        Limits
Upgraded from CRISIL B+/Stable
Strescon Industries Ltd                 TL                 CRISIL BB-     15      -
Upgraded from CRISIL B+/Stable
TAFE Access Ltd                         CC**               CRISIL A+      490     Reaffirmed
** Interchangeable with working capital demand loan up to Rs 15 crore
TAFE Access Ltd                         Proposed FB Bk     CRISIL A+      340     Reaffirmed
                                        Limits
Vishal Mega Mart Pvt Ltd                Proposed LT Bk     CRISIL BBB     137.1   Reaffirmed
                                        Loan Fac
Vishal Mega Mart Pvt Ltd                TL                 CRISIL BBB     2488    Reaffirmed
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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