November 15, 2019 / 11:49 AM / 3 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, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A R Polymers Pvt Ltd                    LOC & BG           CRISIL A4      60      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Aauraa Home Fashion Pvt Ltd             Packing Credit     CRISIL A4+     60      Reaffirmed
Agarwal and Associates Impex Pvt Ltd    LOC                CRISIL A4      85      Reaffirmed
(Issuer Not Cooperating)
AIA Engineering Ltd                     BG                 CRISIL A1+     700     -
AIA Engineering Ltd                     LOC & BG           CRISIL A1+     250     Assigned
Amrit Dwellers Pvt Ltd                  BG                 CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
Anand Poly Pack Pvt Ltd                 Proposed ST Bk     CRISIL A4      10      Reaffirmed
                                        Loan Fac
Anandeshwar Poly Pack Pvt Ltd           LOC                CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
Anil Electrical and Sanitary Goods      BG                 CRISIL A4+     110     Assigned
Stores
Anuspa Heritage Products Pvt Ltd        LOC                CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Arora Construction Co. Pvt Ltd          BG                 CRISIL A4      100     -
(Issuer Not Cooperating) Revised from CRISIL A4+
Arun Polymers                           BG                 CRISIL A4      1.5     Reaffirmed
(Issuer Not Cooperating)
Arun Polymers                           LOC                CRISIL A4      75.5    Reaffirmed
(Issuer Not Cooperating)
Arun Polymers                           Proposed ST Bk     CRISIL A4      9       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Ashok Bricks Industries Pvt Ltd         BG                 CRISIL A4      200     Reaffirmed
(Issuer Not Cooperating)
Bearing and Tool Centre                 Proposed LOC       CRISIL A4      50      Assigned
Bombay JCB Earthmovers                  BG                 CRISIL A4      40      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Brahma Refractories Pvt Ltd             BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Brahma Refractories Pvt Ltd             Proposed NFBL      CRISIL A4      6.3     Reaffirmed
(Issuer Not Cooperating)
Cadiz Pharmaceuticals Pvt Ltd           BG                 CRISIL A4      150     -
(Issuer Not Cooperating) Revised from CRISIL A4+
Cadsys (India) Ltd                      Export Finance     CRISIL A3      40      Reaffirmed
                                        Limit
Chaudhary Const. Co                     Overdraft          CRISIL A4      35      Reaffirmed
(Issuer Not Cooperating)
Chemitech Engineers Pvt Ltd             BG                 CRISIL A4      30      Reaffirmed
(Issuer Not Cooperating)
Chemitech Engineers Pvt Ltd             Inland/Import LOC  CRISIL A4      210     Reaffirmed
(Issuer Not Cooperating)
Connectwell Industries Pvt Ltd          Standby LOC        CRISIL A2      30      Reaffirmed
Migrated from CRISIL A2 (Issuer Not Cooperating)
Conor Granito Pvt Ltd                   BG                 CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Continental Furnishers Pvt Ltd          BG                 CRISIL A4      30      Reaffirmed
(Issuer Not Cooperating)
Continental Furnishers Pvt Ltd          LOC                CRISIL A4      6       Reaffirmed
(Issuer Not Cooperating)
D.D.Builders Ltd                        BG                 CRISIL A4      117.5   Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Devee Biologicals Pvt Ltd               LOC                CRISIL A4      35      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Deviprasad Constructions Pvt Ltd        BG                 CRISIL A4      90      Reaffirmed
(Issuer Not Cooperating)
Eastman International Ltd               Foreign LOC        CRISIL A4      70      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Ganpati Minetech Pvt Ltd                BG                 CRISIL A4      2.5     Reaffirmed
(Issuer Not Cooperating)
Gas Projects India Pvt Ltd              BG                 CRISIL A4      57.5    Reaffirmed
(Issuer Not Cooperating)
Global Impex Trading                    Packing Credit     CRISIL A4      20      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Goodrich Gaskets Pvt Ltd                BG                 CRISIL A4      7.5     -
(Issuer Not Cooperating) Revised from CRISIL A4+
Goodrich Gaskets Pvt Ltd                Packing Credit     CRISIL A4      5       -
(Issuer Not Cooperating) Revised from CRISIL A4+
Gupta Threads Ltd                       BG                 CRISIL A4      4.7     -
(Issuer Not Cooperating) Revised from CRISIL A4+
Gurudev Motors Pvt Ltd                  LOC & BG           CRISIL A4      19      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Gypsum Structural India Pvt Ltd         BG                 CRISIL A4      20      -
(Issuer Not Cooperating) Revised from CRISIL A4+
H. P. Zala                              BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Hari Ram Godara                         BG                 CRISIL A4      50      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Hari Ram Godara                         Proposed BG        CRISIL A4      20      -

(Issuer Not Cooperating) Revised from CRISIL A4+
Haro Gouri Agro Products                BG                 CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Highway Engineering Consultant          BG                 CRISIL A4      12      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Himalayan Flour Mill Pvt Ltd            BG                 CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Hotel Sukhamay Pvt Ltd                  BG                 CRISIL A4      7.5     Reaffirmed
(Issuer Not Cooperating)
Ilasakaa Steels Ltd                     LOC                CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
INCI Construction And Interiors Pvt Ltd BG                 CRISIL A4      40      -
(Issuer Not Cooperating) Revised from CRISIL A4+
Indrayani Ferrocast Pvt Ltd             BG                 CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
Indrayani Ferrocast Pvt Ltd             LOC                CRISIL A4      650     Reaffirmed
(Issuer Not Cooperating)
IRB Infrastructure Developers Ltd       BG                 CRISIL A1      12000   Reaffirmed
Continues on Rating Watch with Developing Implications
IRB Infrastructure Developers Ltd       Proposed BG        CRISIL A1      9000    Reaffirmed
Continues on Rating Watch with Developing Implications
Jindal Agro Mills Pvt Ltd               LOC                CRISIL A4      370     Reaffirmed
(Issuer Not Cooperating)
L&T Finance Holdings Ltd                CP                 CRISIL A1+     15000   Reaffirmed
L&T Finance Ltd                         CP                 CRISIL A1+     135000  Reaffirmed
L&T Infrastructure Finance Co. Ltd      CP                 CRISIL A1+     75000   Reaffirmed
Linear Enterprises                      BG                 CRISIL A4+     70      Assigned
Lohiya Industries                       BG                 CRISIL A2      5       -
Migrated from CRISIL A4+ (Issuer Not Cooperating)
Lohiya Industries                       LOC                CRISIL A2      1700    -
Migrated from CRISIL A4+ (Issuer Not Cooperating)
Magnum Mi Steel Pvt Ltd                 LOC                CRISIL A2      30      Reaffirmed
Pagan Paints and Chemicals Pvt Ltd      BG                 CRISIL A4      1       -
(Issuer Not Cooperating) Revised from CRISIL A4+
Pagan Paints and Chemicals Pvt Ltd      LOC                CRISIL A4      15      -
(Issuer Not Cooperating) Revised from CRISIL A4+
S.R. Ravi                               BG                 CRISIL A4+     200     Reaffirmed
S.R. Ravi                               Proposed BG        CRISIL A4+     12.6    Reaffirmed
Santoshi Hyvolt Electricals Pvt Ltd     BG                 CRISIL A4      110     Reaffirmed
(Issuer Not Cooperating)
Santoshi Hyvolt Electricals Pvt Ltd     LOC                CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Santoshi Hyvolt Electricals Pvt Ltd     Proposed ST Bk     CRISIL A4      60      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shreehanuman Alloys Pvt Ltd             BG                 CRISIL A4      29.1    Reaffirmed
(Issuer Not Cooperating)
Shreehanuman Alloys Pvt Ltd             LOC                CRISIL A4      9.7     Reaffirmed
(Issuer Not Cooperating)
SSIPL Lifestyle Pvt Ltd                 LOC & BG           CRISIL A3+     80      Reaffirmed
Unisource Papers Pvt Ltd                LOC                CRISIL A4+     70      Reaffirmed
United Manufacturing Company            Proposed NFBL      CRISIL A4+     50      Assigned
Vardhman Wires and Cables               Bill Discounting   CRISIL A4      100     Reaffirmed
                                        under LOC
Vardhman Wires and Cables               Overdraft          CRISIL A4      13.4    Reaffirmed
Vijay Construction - Beed               BG                 CRISIL A4+     70      Reaffirmed


LONG TERM RATINGS:
-------------------
A R Polymers Pvt Ltd                    CC                 CRISIL B+      85      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Aaj Ka Anand Papers Ltd                 CC                 CRISIL D       380     Reaffirmed
(Issuer Not Cooperating)
Aaj Ka Anand Papers Ltd                 Funded Interest TL CRISIL D       152     Reaffirmed
(Issuer Not Cooperating)
Aaj Ka Anand Papers Ltd                 LOC                CRISIL D       468.5   Reaffirmed
(Issuer Not Cooperating)
Aaj Ka Anand Papers Ltd                 TL                 CRISIL D       202.2   Reaffirmed
(Issuer Not Cooperating)
Aaj Ka Anand Papers Ltd                 WC TL              CRISIL D       317.3   Reaffirmed
(Issuer Not Cooperating)
Aauraa Home Fashion Pvt Ltd             Proposed LT Bk     CRISIL BB      27.7    Reaffirmed
                                        Loan Fac
Aauraa Home Fashion Pvt Ltd             TL                 CRISIL BB      12.3    Reaffirmed
Accord Hospitality and Services         TL                 CRISIL B-      61.5    Reaffirmed
(Issuer Not Cooperating)
Adhithi Infra Projects Pvt Ltd          BG                 CRISIL D       69.7    Reaffirmed
(Issuer Not Cooperating)
Adhithi Infra Projects Pvt Ltd          CC                 CRISIL D       30      Reaffirmed
(Issuer Not Cooperating)
Adhithi Infra Projects Pvt Ltd          Proposed BG        CRISIL D       5.3     Reaffirmed
(Issuer Not Cooperating)
Adhithi Infra Projects Pvt Ltd          WC TL              CRISIL D       20      Reaffirmed
(Issuer Not Cooperating)
Agarwal and Associates Impex Pvt Ltd    CC                 CRISIL B       75      Reaffirmed
(Issuer Not Cooperating)
Agarwal and Associates Impex Pvt Ltd    Proposed LT Bk     CRISIL B       6.1     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Agarwal and Associates Impex Pvt Ltd    TL                 CRISIL B       8.9     Reaffirmed
(Issuer Not Cooperating)
AIA Engineering Ltd                     CC*%               CRISIL AA+     750     -
*Interchangeable with working capital demand loan /Export Packing Credit
 (EPC) /Pre-shipment Credit in Foreign Currency (PCFC)/Foreign Bills Discounted (FBD)/EPR
%Letter of credit upto Rs.20 crs
AIA Engineering Ltd                     CC&&               CRISIL AA+     250     -
&&EPC/PCFC/FBP/FBD/WCDL is sub limit of CC of Rs. 25 Crore.
AIA Engineering Ltd                     FB Fac^^           CRISIL AA+     1000    Assigned
^^Fully interchangeable with Overdraft/Working capital/Pre-Shipment/Post 
Shipment/Letter of Credit & Bank Guarantee 
AIA Engineering Ltd                     TL                 CRISIL AA+     150     Assigned
AIA Engineering Ltd                     WC Demand Loan#^   CRISIL AA+     1000    Assigned
#Interchangeable with Bank Guarantee/EPC/PCFC/Foreign Bills Purchased (FBP)/FBD
^Interchangeable with Letter of credit and Capex Letter of Credit upto Rs.25 crs
AIA Engineering Ltd                     LOC$               CRISIL AA+     2280    Assigned
$Interchangeable with EPC/Letter of Credit/Buyers Credit/Bill Discounting/Working 
Capital Demand loan; Interchangeable with Bank Guarantee upto Rs. 110 Crs
Amrit Dwellers Pvt Ltd                  CC                 CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Amrutha Varshini Dairy Farms Pvt Ltd    CC                 CRISIL D       125     Reaffirmed
(Issuer Not Cooperating)
Amrutha Varshini Dairy Farms Pvt Ltd    LT Loan            CRISIL D       45      Reaffirmed
(Issuer Not Cooperating)
Anand Poly Pack Pvt Ltd                 CC                 CRISIL B+      115     Reaffirmed
Anand Poly Pack Pvt Ltd                 Proposed LT Bk     CRISIL B+      12.6    Reaffirmed
                                        Loan Fac
Anand Poly Pack Pvt Ltd                 TL                 CRISIL B+      35      Reaffirmed
Anandeshwar Poly Pack Pvt Ltd           CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Anandeshwar Poly Pack Pvt Ltd           Proposed LT Bk     CRISIL B-      5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Anandeshwar Poly Pack Pvt Ltd           TL                 CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Anmol Steel Processors Pvt Ltd          CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Anmol Steel Processors Pvt Ltd          Channel Financing  CRISIL D       500     Reaffirmed
(Issuer Not Cooperating)
Anmol Steel Processors Pvt Ltd          LOC                CRISIL D       750     Reaffirmed
(Issuer Not Cooperating)
Anuspa Heritage Products Pvt Ltd        CC                 CRISIL B-      55      Reaffirmed
(Issuer Not Cooperating)
Anuspa Heritage Products Pvt Ltd        Proposed LT Bk     CRISIL B-      115     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Anuspa Heritage Products Pvt Ltd        TL                 CRISIL B-      15      Reaffirmed
(Issuer Not Cooperating)
Aradhana Distributors Pvt Ltd           CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Aradhana Distributors Pvt Ltd           Proposed FB Bk     CRISIL B-      7.9     Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Arihant Gems and Jewelleries Pvt Ltd    CC                 CRISIL B+      153.5   -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Arihant Gems and Jewelleries Pvt Ltd    Proposed LT Bk     CRISIL B+      1.5     -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Arihant Plastics - Delhi                CC                 CRISIL BB      20      Reaffirmed
Arihant Plastics - Delhi                LT Loan            CRISIL BB      65      Reaffirmed
Arihant Plastics - Delhi                Proposed FB Bk     CRISIL BB      15      Reaffirmed
                                        Limits
Arora Construction Co. Pvt Ltd          CC                 CRISIL B+      50      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Arun Polymers                           CC                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
Arun Polymers                           SME Credit         CRISIL B       2.5     Reaffirmed
(Issuer Not Cooperating)
Arun Polymers                           TL                 CRISIL B       24      Reaffirmed
(Issuer Not Cooperating)
Ashok Bricks Industries Pvt Ltd         CC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Ashok Bricks Industries Pvt Ltd         Proposed CC Limit  CRISIL B       0.3     Reaffirmed
(Issuer Not Cooperating)
Ashok Bricks Industries Pvt Ltd         Standby LOC        CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Ashok Bricks Industries Pvt Ltd         TL                 CRISIL B       4.7     Reaffirmed
(Issuer Not Cooperating)
Asvini Foundations Pvt Ltd              LT Loan            CRISIL D       150     Reaffirmed
(Issuer Not Cooperating)
Attire Designers Pvt Ltd                Foreign Bill       CRISIL D       190     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Attire Designers Pvt Ltd                Packing Credit     CRISIL D       60      Reaffirmed
(Issuer Not Cooperating)
Balaji Roller Flour Mills - VizianagaramCC                 CRISIL B       50      Assigned
Basant Betons                           CC                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
Basant Betons                           LT Loan            CRISIL B       116.5   Reaffirmed
(Issuer Not Cooperating)
Basant Betons                           Proposed LT Bk     CRISIL B       143.5   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Bhavin Impex Pvt Ltd                    Export Packing     CRISIL D       95      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Bhavin Impex Pvt Ltd                    Proposed CC Limit  CRISIL D       95      Reaffirmed
(Issuer Not Cooperating)
Bhuvan Marketing                        CC                 CRISIL B+      70      -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Bhuvan Marketing                        Channel Financing  CRISIL B+      42.5    -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Bombay JCB Earthmovers                  CC                 CRISIL B+      50      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Bombay JCB Earthmovers                  Proposed LT Bk     CRISIL B+      10      -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Brahma Refractories Pvt Ltd             CC                 CRISIL B       62.5    Reaffirmed
(Issuer Not Cooperating)
Brilliant Alloys Pvt Ltd                CC                 CRISIL D       120     Reaffirmed
(Issuer Not Cooperating)
Brilliant Alloys Pvt Ltd                Proposed LT Bk     CRISIL D       1.6     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Brilliant Alloys Pvt Ltd                Rupee TL           CRISIL D       127.5   Reaffirmed
(Issuer Not Cooperating)
Britex Cotton International Ltd         CC                 CRISIL D       200     Reaffirmed
(Issuer Not Cooperating)
Britex Cotton International Ltd         LOC                CRISIL D       750     Reaffirmed
(Issuer Not Cooperating)
Burgundy Lifestyle Pvt Ltd              CC                 CRISIL D       52      Reaffirmed
(Issuer Not Cooperating)
Burgundy Lifestyle Pvt Ltd              LOC                CRISIL D       62.5    Reaffirmed
(Issuer Not Cooperating)
Burgundy Lifestyle Pvt Ltd              Packing Credit     CRISIL D       34.5    Reaffirmed
(Issuer Not Cooperating)
C. M. Industries                        CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Cadiz Pharmaceuticals Pvt Ltd           CC                 CRISIL B+      75      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Cadsys (India) Ltd                      Overdraft          CRISIL BBB-    30      -
Cadsys (India) Ltd                      Proposed LT Bk     CRISIL BBB-    5       Reaffirmed
                                        Loan Fac
Canvas Integrated Cold Chain Services   CC                 CRISIL B+      25      Reaffirmed
(Issuer Not Cooperating)
Canvas Integrated Cold Chain Services   TL                 CRISIL B+      50      Reaffirmed
(Issuer Not Cooperating)
Ceedeeyes Infrastructure Solutions Pvt  LT Loan            CRISIL B       569     Reaffirmed
Ltd
(Issuer Not Cooperating)
Ceedeeyes Infrastructure Solutions Pvt  Proposed LT Bk     CRISIL B       591     Reaffirmed
Ltd                                     Loan Fac
(Issuer Not Cooperating)
Ceedeeyes Infrastructure Solutions Pvt  Proposed Overdraft CRISIL B       200     Reaffirmed
Ltd                                     Fac
(Issuer Not Cooperating)
Chalimeda Feeds Pvt Ltd                 CC                 CRISIL A-      500     -
Upgraded from CRISIL BBB+/Positive
Chalimeda Feeds Pvt Ltd                 Proposed LT Bk     CRISIL A-      62.9    -
                                        Loan Fac
Upgraded from CRISIL BBB+/Positive
Chalimeda Feeds Pvt Ltd                 TL                 CRISIL A-      154.1   -
Upgraded from CRISIL BBB+/Positive
Chaudhary Const. Co                     Loan Against       CRISIL B+      7.5     Reaffirmed
                                        Property
(Issuer Not Cooperating)
Chaudhary Const. Co                     LT Loan            CRISIL B+      7.5     Reaffirmed
(Issuer Not Cooperating)
Chaudhary Const. Co                     Proposed BG        CRISIL B+      75      Reaffirmed
(Issuer Not Cooperating)
Chemitech Engineers Pvt Ltd             CC                 CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          BG                 CRISIL D       6.3     Reaffirmed
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          CC                 CRISIL D       35      Reaffirmed
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          LOC                CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          LT Loan            CRISIL D       21.6    Reaffirmed
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          Standby Line of    CRISIL D       5       Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Choice Precitech India Pvt Ltd          WC Demand Loan     CRISIL D       20      Reaffirmed
(Issuer Not Cooperating)
Christy Quality Foods India Pvt Ltd     CC                 CRISIL B+      30      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Christy Quality Foods India Pvt Ltd     Proposed LT Bk     CRISIL B+      57.3    -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Ciscons Projects Pvt Ltd                BG                 CRISIL D       30      Reaffirmed
(Issuer Not Cooperating)
Ciscons Projects Pvt Ltd                Overdraft          CRISIL D       27.5    Reaffirmed
(Issuer Not Cooperating)
Ciscons Projects Pvt Ltd                Proposed LT Bk     CRISIL D       132.5   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Ciscons Projects Pvt Ltd                TL                 CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Clavecon India Pvt Ltd                  CC                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
Clavecon India Pvt Ltd                  LT Loan            CRISIL B       120     Reaffirmed
(Issuer Not Cooperating)
CMJ Breweries Pvt Ltd                   CC                 CRISIL D       544     Reaffirmed
(Issuer Not Cooperating)
CMJ Breweries Pvt Ltd                   Proposed LT Bk     CRISIL D       114     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
CMJ Breweries Pvt Ltd                   TL                 CRISIL D       1643    Reaffirmed
(Issuer Not Cooperating)
Connectwell Industries Pvt Ltd          CC                 CRISIL BBB+    237.7   Reaffirmed
Migrated from CRISIL BBB+/Stable (Issuer Not Cooperating)
Connectwell Industries Pvt Ltd          TL                 CRISIL BBB+    30.6    Reaffirmed
Migrated from CRISIL BBB+/Stable (Issuer Not Cooperating)
Conor Granito Pvt Ltd                   CC                 CRISIL B+      80      Reaffirmed
(Issuer Not Cooperating)
Conor Granito Pvt Ltd                   TL                 CRISIL B+      165     Reaffirmed
(Issuer Not Cooperating)
Continental Furnishers Pvt Ltd          CC                 CRISIL B-      22.5    Reaffirmed
(Issuer Not Cooperating)
Continental Furnishers Pvt Ltd          Proposed LT Bk     CRISIL B-      21.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Coral Cove Hotels and Resorts Pvt Ltd   Proposed TL        CRISIL B       24      Reaffirmed
(Issuer Not Cooperating)
Coral Cove Hotels and Resorts Pvt Ltd   TL                 CRISIL B       41      Reaffirmed
(Issuer Not Cooperating)
D C Metals                              CC                 CRISIL D       300     Reaffirmed
(Issuer Not Cooperating)
D.D.Builders Ltd                        CC                 CRISIL B+      80      Revised from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Danco Enterprises India Pvt Ltd         BG                 CRISIL D       30      Reaffirmed
(Issuer Not Cooperating)
Danco Enterprises India Pvt Ltd         CC                 CRISIL D       35      Reaffirmed
(Issuer Not Cooperating)
Danco Enterprises India Pvt Ltd         Corporate Loan     CRISIL D       7.2     Reaffirmed
(Issuer Not Cooperating)
Danco Enterprises India Pvt Ltd         LOC                CRISIL D       15      Reaffirmed
(Issuer Not Cooperating)
Dasmesh Mechanical Works                CC                 CRISIL B+      50      -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Dasmesh Mechanical Works                LT Loan            CRISIL B+      35      -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Dasmesh Mechanical Works                TL                 CRISIL B+      130     -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Deesan Ginning and Pressing Pvt Ltd     CC                 CRISIL C       150     Reaffirmed
(Issuer Not Cooperating)
Deesan Ginning and Pressing Pvt Ltd     TL                 CRISIL C       18      Reaffirmed
(Issuer Not Cooperating)
Devee Biologicals Pvt Ltd               CC                 CRISIL B+      45      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Deviprasad Constructions Pvt Ltd        CC                 CRISIL B+      150     Reaffirmed
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           CC                 CRISIL D       85      Reaffirmed
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           Foreign Bill       CRISIL D       60      Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           LOC                CRISIL D       90      Reaffirmed
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           LT Loan            CRISIL D       6       Reaffirmed
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           Packing Credit     CRISIL D       90      Reaffirmed
(Issuer Not Cooperating)
Dhir Global Industria Pvt Ltd           Proposed LT Bk     CRISIL D       19      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Dillip Constructions Pvt Ltd            CC                 CRISIL B+      100     -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Durga Steel Industries                  CC                 CRISIL BB      140     Assigned
Eastman International Ltd               CC                 CRISIL B+      32.5    -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Eastman International Ltd               Proposed LT Bk     CRISIL B+      57.5    -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Emaar Alloys Pvt Ltd                    CC                 CRISIL D       95.4    Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           BG                 CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           CC                 CRISIL D       100     Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           Funded Interest TL CRISIL D       28.9    Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           LOC                CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           TL                 CRISIL D       165.6   Reaffirmed
(Issuer Not Cooperating)
Epitome Petrochemical Pvt Ltd           WC TL              CRISIL D       140.2   Reaffirmed
(Issuer Not Cooperating)
FPC Petro Energy Pvt Ltd                CC                 CRISIL D       15      Reaffirmed
(Issuer Not Cooperating)
FPC Petro Energy Pvt Ltd                LOC                CRISIL D       120     Reaffirmed
(Issuer Not Cooperating)
FPC Petro Energy Pvt Ltd                Proposed CC Limit  CRISIL D       65      Reaffirmed
(Issuer Not Cooperating)
G. N. Pet                               CC                 CRISIL D       25      Reaffirmed
(Issuer Not Cooperating)
G. N. Pet                               Funded Interest TL CRISIL D       13.7    Reaffirmed
(Issuer Not Cooperating)
G. N. Pet                               Proposed LT Bk     CRISIL D       0.2     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
G. N. Pet                               TL                 CRISIL D       35.5    Reaffirmed
(Issuer Not Cooperating)
G. N. Pet                               WC TL              CRISIL D       25.6    Reaffirmed
(Issuer Not Cooperating)
Ganganagar Vehicles Pvt Ltd             Drop Line          CRISIL BB-     30      -
                                        Overdraft Fac
Upgraded from CRISIL B+/Stable
Ganganagar Vehicles Pvt Ltd             Inventory Funding  CRISIL BB-     180     Assigned
                                        Fac
Upgraded from CRISIL B+/Stable
Ganpati Minetech Pvt Ltd                CC                 CRISIL B+      10      Reaffirmed
(Issuer Not Cooperating)
Ganpati Minetech Pvt Ltd                Proposed LT Bk     CRISIL B+      62.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Garib Nawaz Polymers Pvt Ltd            CC                 CRISIL D       35      Reaffirmed
(Issuer Not Cooperating)
Garib Nawaz Polymers Pvt Ltd            Funded Interest TL CRISIL D       11.4    Reaffirmed
(Issuer Not Cooperating)
Garib Nawaz Polymers Pvt Ltd            Proposed LT Bk     CRISIL D       12.4    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Garib Nawaz Polymers Pvt Ltd            TL                 CRISIL D       24.2    Reaffirmed
(Issuer Not Cooperating)
Garib Nawaz Polymers Pvt Ltd            WC TL              CRISIL D       27      Reaffirmed
(Issuer Not Cooperating)
Gas Projects India Pvt Ltd              CC                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
Gas Projects India Pvt Ltd              Proposed LT Bk     CRISIL B       2.5     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Global Impex Trading                    Foreign Bill       CRISIL B+      20      -
                                        Discounting
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Globsyn Knowledge Foundation            CC                 CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Globsyn Knowledge Foundation            Proposed LT Bk     CRISIL D       35.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Globsyn Knowledge Foundation            TL                 CRISIL D       127     Reaffirmed
(Issuer Not Cooperating)
GNB Motors Pvt Ltd                      CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
GNB Motors Pvt Ltd                      Channel Financing  CRISIL B       75      Reaffirmed
(Issuer Not Cooperating)
GNB Motors Pvt Ltd                      Proposed FB Bk     CRISIL B       21      Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Goodone Traders Pvt Ltd                 Foreign Bill       CRISIL D       190     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Goodone Traders Pvt Ltd                 Packing Credit     CRISIL D       60      Reaffirmed
(Issuer Not Cooperating)
Goodrich Gaskets Pvt Ltd                CC                 CRISIL B+      45      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Goodrich Gaskets Pvt Ltd                Proposed LT Bk     CRISIL B+      72.5    -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Goverdhan Cottex                        CC                 CRISIL B       45      Reaffirmed
(Issuer Not Cooperating)
Goverdhan Cottex                        Proposed LT Bk     CRISIL B       40      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Goverdhan Cottex                        TL                 CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Gupta Threads Ltd                       CC                 CRISIL B+      80      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Gupta Threads Ltd                       TL                 CRISIL B+      265.3   -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Guptas Gold House                       CC                 CRISIL B       30      Reaffirmed
Guptas Gold House                       LT Loan            CRISIL B       40      Reaffirmed
Guranditta Mal Mohan Lal                CC                 CRISIL B       170     Reaffirmed
(Issuer Not Cooperating)
Guru Kirpa Agro Industries - Firozpur   CC                 CRISIL B+      90      Reaffirmed
(Issuer Not Cooperating)
Guru Kirpa Agro Industries - Firozpur   TL                 CRISIL B+      40      Reaffirmed
(Issuer Not Cooperating)
Guru Nanak Rice Mill - Bilaspur         CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Guru Nanak Rice Mill - Bilaspur         LT Bk Fac          CRISIL B-      10      Reaffirmed
(Issuer Not Cooperating)
Gurudev Motors Pvt Ltd                  Inventory Funding  CRISIL B+      210     -
                                        Fac
(Issuer Not Cooperating) Revised from CRISIL BB+/Stable
Gurudev Motors Pvt Ltd                  TL                 CRISIL B+      93      -
(Issuer Not Cooperating) Revised from CRISIL BB+/Stable
Gypsum Structural India Pvt Ltd         CC                 CRISIL B+      40      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
H. P. Zala                              CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Hari Ram Godara                         Proposed LT Bk     CRISIL B+      9.5     -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Hari Ram Godara                         Secured Overdraft  CRISIL B+      0.5     -
                                        against term
                                        deposits
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Harihar Industries - Kadi               CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Harihar Industries - Kadi               Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Harihar Industries - Kadi               TL                 CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
Haro Gouri Agro Products                CC                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
Haro Gouri Agro Products                Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Haro Gouri Agro Products                TL                 CRISIL B       45      Reaffirmed
(Issuer Not Cooperating)
Harsha Liners Pvt Ltd                   CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Harsha Liners Pvt Ltd                   LT Loan            CRISIL B       39.6    Reaffirmed
(Issuer Not Cooperating)
Harsha Liners Pvt Ltd                   Proposed CC Limit  CRISIL B       20.4    Reaffirmed
(Issuer Not Cooperating)
Harshil Textiles                        CC                 CRISIL B-      40      Reaffirmed
(Issuer Not Cooperating)
Harshil Textiles                        Proposed LT Bk     CRISIL B-      30      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Hemkunt Rice Mills Pvt Ltd              CC                 CRISIL B+      50      Reaffirmed
(Issuer Not Cooperating)
Hemkunt Rice Mills Pvt Ltd              Proposed LT Bk     CRISIL B+      37.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Hemkunt Rice Mills Pvt Ltd              TL                 CRISIL B+      12.5    Reaffirmed
(Issuer Not Cooperating)
High Value Exim Pvt Ltd                 Foreign Bill       CRISIL D       370     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
High Value Exim Pvt Ltd                 Packing Credit     CRISIL D       80      Reaffirmed
(Issuer Not Cooperating)
Highway Engineering Consultant          CC                 CRISIL B+      2       -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Highway Engineering Consultant          Proposed BG        CRISIL B+      238     -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Highway Engineering Consultant          Proposed CC Limit  CRISIL B+      48      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Himachal Soap And Detergents Pvt Ltd    CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Himachal Soap And Detergents Pvt Ltd    Proposed LT Bk     CRISIL B-      30      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Himalayan Flour Mill Pvt Ltd            CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Himalayan Flour Mill Pvt Ltd            Proposed BG        CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
Himalayan Flour Mill Pvt Ltd            Proposed CC Limit  CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Hind Charity Trust                      Overdraft          CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
Hind Charity Trust                      TL                 CRISIL B       330     Reaffirmed
(Issuer Not Cooperating)
Hotel Sukhamay Pvt Ltd                  CC                 CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Hotel Sukhamay Pvt Ltd                  TL                 CRISIL B-      42.5    Reaffirmed
(Issuer Not Cooperating)
HR Food Processing Pvt Ltd              CC                 CRISIL B-      3.7     Reaffirmed
(Issuer Not Cooperating)
HR Food Processing Pvt Ltd              TL                 CRISIL B-      71.3    Reaffirmed
(Issuer Not Cooperating)
I Four Exporters                        CC                 CRISIL B+      25      Reaffirmed
(Issuer Not Cooperating)
I Four Exporters                        Proposed CC Limit  CRISIL B+      60      Reaffirmed
(Issuer Not Cooperating)
I Four Exporters                        Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Idasa India Ltd.                        CC                 CRISIL B       79      Reaffirmed
(Issuer Not Cooperating)
Idasa India Ltd.                        Proposed LT Bk     CRISIL B       46      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Ilasakaa Steels Ltd                     CC                 CRISIL B       290     Reaffirmed
(Issuer Not Cooperating)
Ilasakaa Steels Ltd                     LT Loan            CRISIL B       2.5     Reaffirmed
(Issuer Not Cooperating)
INCI Construction And Interiors Pvt Ltd CC                 CRISIL B+      100     -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Indrayani Ferrocast Pvt Ltd             CC                 CRISIL B       200     Reaffirmed
(Issuer Not Cooperating)
Indrayani Ferrocast Pvt Ltd             Proposed LT Bk     CRISIL B       100     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Intouch Trading Pvt Ltd                 Proposed LT Bk     CRISIL D       30      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Intouch Trading Pvt Ltd                 TL                 CRISIL D       95      Reaffirmed
(Issuer Not Cooperating)
IRB Infrastructure Developers Ltd       LT Loan            CRISIL A+      18531.9 Reaffirmed
Continues on Rating Watch with Developing Implications
IRB Infrastructure Developers Ltd       Proposed LT Bk     CRISIL A+      2468.1  Reaffirmed
                                        Loan Fac
Continues on Rating Watch with Developing Implications
Jindal Agro Mills Pvt Ltd               CC^                CRISIL B       85      Reaffirmed
(Issuer Not Cooperating)
Jindal Agro Mills Pvt Ltd               Proposed LT Bk     CRISIL B       30      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Krishna Kumar Agro Products             CC                 CRISIL BB-     35      Assigned
Krishna Kumar Agro Products             TL                 CRISIL BB-     20      Assigned
L&T Finance Holdings Ltd                PS                 CRISIL         20000   Assigned
                                                           AAA/Stable
L&T Finance Holdings Ltd                NCD                CRISIL         5000    Reaffirmed
                                                           AAA/Stable
L&T Finance Ltd                         Proposed LT Bk     CRISIL AAA     45000   Reaffirmed
                                        Loan Fac**
**Interchangeable with short term bank facility
L&T Finance Ltd                         Retail Bond*       CRISIL         50000   Assigned
                                                           AAA/Stable
*Public Issue of Secured Redeemable Non-Convertible Debentures and/or Unsecured Subordinated
Redeemable Non-Convertible Debentures
L&T Finance Ltd                         NCD                CRISIL         140000  Reaffirmed
                                                           AAA/Stable
L&T Infrastructure Finance Co. Ltd      Proposed LT Bk     CRISIL AAA     20000   Reaffirmed
                                        Loan Fac**
**Interchangeable with short term bank facility
L&T Infrastructure Finance Co. Ltd      Retail Bond*       CRISIL AAA     50000   Assigned
*Public Issue of Secured Redeemable Non-Convertible Debentures and/or Unsecured Subordinated
Redeemable Non-Convertible Debentures
L&T Infrastructure Finance Co. Ltd      NCD                CRISIL AAA     50000   Reaffirmed
Linear Enterprises                      Proposed WC Fac    CRISIL BB-     123     Assigned
Linear Enterprises                      CC                 CRISIL BB-     17      Assigned
Lohiya Industries                       CC                 CRISIL BBB+    220     -
Migrated from CRISIL BB+/Stable (Issuer Not Cooperating)
Magnum Mi Steel Pvt Ltd                 CC                 CRISIL BBB+    220     Reaffirmed
Mecwel Constructions Pvt Ltd            BG                 CRISIL D       30      -
Downgraded from CRISIL BB-/Stable
Mecwel Constructions Pvt Ltd            CC/ Overdraft Fac  CRISIL D       130     -
Downgraded from CRISIL BB-/Stable
Mecwel Constructions Pvt Ltd            Proposed LT Bk     CRISIL D       90      -
                                        Loan Fac
Downgraded from CRISIL BB-/Stable
New - Tech Steel and Alloys Pvt Ltd     CC                 CRISIL D       250     Reaffirmed
(Issuer Not Cooperating)
New - Tech Steel and Alloys Pvt Ltd     Inland/Import LOC  CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
New - Tech Steel and Alloys Pvt Ltd     Proposed LT Bk     CRISIL D       0.8     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
New - Tech Steel and Alloys Pvt Ltd     TL                 CRISIL D       104.2   Reaffirmed
Niladri Motors                          CC                 CRISIL BB+     60      Reaffirmed
NJT Granites                            Proposed LT Bk     CRISIL B       65      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
NJT Granites                            TL                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
Pagan Paints and Chemicals Pvt Ltd      CC                 CRISIL B+      35      -
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Pagan Paints and Chemicals Pvt Ltd      Proposed LT Bk     CRISIL B+      1       -
                                        Loan Fac
(Issuer Not Cooperating) Revised from CRISIL BB-/Stable
Parker Tiles Pvt Ltd                    BG                 CRISIL D       15      Reaffirmed
Parker Tiles Pvt Ltd                    CC                 CRISIL D       130     Reaffirmed
Parker Tiles Pvt Ltd                    LOC                CRISIL D       10      Reaffirmed
Parker Tiles Pvt Ltd                    TL                 CRISIL D       102.4   Reaffirmed
Pinnacle Vehicles And Services Pvt Ltd  CC                 CRISIL D       50      -
Downgraded from CRISIL BB-/Stable
Pinnacle Vehicles And Services Pvt Ltd  Inventory Funding  CRISIL D       50      Assigned
                                        Fac
Downgraded from CRISIL BB-/Stable
R.K. Steel Udyog Pvt Ltd                CC                 CRISIL B       127.5   Reaffirmed
(Issuer Not Cooperating)
R.K. Steel Udyog Pvt Ltd                Electronic Dealer  CRISIL B       100     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Raj Poly Products Ltd                   CC                 CRISIL D       140     Reaffirmed
(Issuer Not Cooperating)
RBD International                       Foreign Bill       CRISIL D       160     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
RBD International                       Packing Credit     CRISIL D       40      Reaffirmed
(Issuer Not Cooperating)
Roy Cement Supplier Pvt Ltd             Loan Against       CRISIL B+      27      Assigned
                                        Property
Roy Cement Supplier Pvt Ltd             Proposed LT Bk     CRISIL B+      7       Assigned
                                        Loan Fac
S.R. Ravi                               CC                 CRISIL BB      60      Reaffirmed
Santoshi Hyvolt Electricals Pvt Ltd     CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Sarawgi Builders and Promoters Pvt Ltd  CC                 CRISIL D       80      -
(Issuer Not Cooperating) Downgraded from CRISIL B+/Stable
Sarawgi Builders and Promoters Pvt Ltd  TL                 CRISIL D       300     -
(Issuer Not Cooperating) Downgraded from CRISIL B+/Stable
Shah Steel Impex Pvt Ltd                CC                 CRISIL D       5       Reaffirmed
(Issuer Not Cooperating)
Shah Steel Impex Pvt Ltd                Channel Financing  CRISIL D       500     Reaffirmed
(Issuer Not Cooperating)
Shah Steel Impex Pvt Ltd                LOC                CRISIL D       595     Reaffirmed
(Issuer Not Cooperating)
Sheel Auto Industries Pvt Ltd           CC                 -              50      Withdrawn
Rating Reaffirmed and Withdrawn
Sheel Auto Industries Pvt Ltd           Inland/Import LOC  -              15      Withdrawn
Rating Reaffirmed and Withdrawn
Shree Ginger Enterprises Ltd            BG                 CRISIL D       200     -
Downgraded from CRISIL BB/Stable
Shree Ginger Enterprises Ltd            CC                 CRISIL D       349     -
Downgraded from CRISIL BB/Stable
Shree Ginger Enterprises Ltd            Proposed LT Bk     CRISIL D       71      -
                                        Loan Fac
Downgraded from CRISIL BB/Stable
Shreehanuman Alloys Pvt Ltd             CC                 CRISIL B       107.5   Reaffirmed
(Issuer Not Cooperating)
Shreehanuman Alloys Pvt Ltd             Proposed CC Limit  CRISIL B       68.7    Reaffirmed
(Issuer Not Cooperating)
Shreehanuman Alloys Pvt Ltd             Proposed FB Bk     CRISIL B       35      Reaffirmed
                                        Limits
(Issuer Not Cooperating)
SLMG Beverages Pvt Ltd                  TL                 CRISIL BBB-    3800    Reaffirmed
Sree Nandini Kraft Boards Pvt Ltd       CC                 CRISIL B       60      Assigned
Sree Nandini Kraft Boards Pvt Ltd       TL                 CRISIL B       20      Assigned
SSIPL Lifestyle Pvt Ltd                 CC & WC demand loanCRISIL BBB     515     Reaffirmed
SSIPL Lifestyle Pvt Ltd                 Rupee TL           CRISIL BBB     302.6   Reaffirmed
Stark Communications Pvt Ltd            CC                 CRISIL BB+     70      Reaffirmed
Sumathi Spinning Mills Pvt Ltd          CC                 CRISIL BB      75      Reaffirmed
Sumathi Spinning Mills Pvt Ltd          Proposed WC Fac    CRISIL BB      106.8   Reaffirmed
Sumathi Spinning Mills Pvt Ltd          TL                 CRISIL BB      39      Reaffirmed
Surya Exim Ltd                          BG                 CRISIL D       70      -
Downgraded from CRISIL BB+/Stable
Surya Exim Ltd                          Bill Discounting   CRISIL D       90      -
                                        under LOC
Downgraded from CRISIL BB+/Stable
Surya Exim Ltd                          CC                 CRISIL D       762.5   -
Downgraded from CRISIL BB+/Stable
Surya Exim Ltd                          LOC                CRISIL D       1725    -
Downgraded from CRISIL BB+/Stable
Surya Exim Ltd                          Proposed LT Bk     CRISIL D       122.5   -
                                        Loan Fac
Downgraded from CRISIL BB+/Stable
Umit Corporation                        BG                 -              40      Withdrawn
Umit Corporation                        CC                 -              8       Withdrawn
Umit Corporation                        Proposed LT Bk     -              52      Withdrawn
                                        Loan Fac
Unibiotech Formulations                 CC/ Overdraft Fac  CRISIL B+      60      -
(Issuer Not Cooperating) Revised from CRISIL BB/Stable
Unisource Papers Pvt Ltd                CC                 CRISIL BB      50      Reaffirmed
Unisource Papers Pvt Ltd                Proposed LT Bk     CRISIL BB      51.7    Reaffirmed
                                        Loan Fac
Unisource Papers Pvt Ltd                TL                 CRISIL BB      48.3    Reaffirmed
United Manufacturing Company            CC                 CRISIL BB-     55      Assigned
United Manufacturing Company            Proposed FB Bk     CRISIL BB-     55      Assigned
                                        Limits
Vardhman Wires and Cables               Proposed LT Bk     CRISIL B+      6.6     Reaffirmed
                                        Loan Fac
Vijay Construction - Beed               CC                 CRISIL BB      50      Reaffirmed
Vimala Feeds Pvt Ltd                    CC                 CRISIL A-      170     -
Upgraded from CRISIL BBB+/Positive
Vimala Feeds Pvt Ltd                    Proposed LT Bk     CRISIL A-      112.5   -
                                        Loan Fac
Upgraded from CRISIL BBB+/Positive
Welldone Exim Pvt Ltd                   Foreign Bill       CRISIL D       400     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Welldone Exim Pvt Ltd                   Packing Credit     CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
--------------------------------------------------------------------------------------------
$: 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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