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CRISIL ratings for Indian debt instruments-Nov 17

    Nov 17  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of November 13, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Actionware India Pvt Ltd               BG                CRISIL A4     0.5    -
(Issuer Not Cooperating)
Aryan Energy Pvt Ltd                   BG                CRISIL A4+    254    Downgraded
                                                                              from CRISIL A3
(Removed from 'Rating Watch with Negative Implications')
Bhuwneshwar Pathak Construction Pvt LtdBG                CRISIL A4+    50     Reaffirmed
JS Auto Cast Foundry India Pvt Ltd     Bills Receivable  CRISIL A4+    15     Migrated from
                                       Discounting                            CRISIL A3
(Issuer Not Cooperating)
JS Auto Cast Foundry India Pvt Ltd     LOC               CRISIL A4+    70     Migrated from
                                                                              CRISIL A3
(Issuer Not Cooperating)
Kanak Pipe Industries Pvt Ltd          BG                CRISIL A4     37.5   -
(Issuer Not Cooperating)
Kinam Engineering Industries           BG                CRISIL A4     40     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Kinam Engineering Industries           LOC               CRISIL A4     5      Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Kinam Engineering Industries           Proposed ST Bk    CRISIL A4     30     Revised from
                                       Loan Fac                               CRISIL A4+
(Issuer Not Cooperating)
Kotak Securities Ltd                   CP                CRISIL A1+    40000  Reaffirmed
Krita Engineering Pvt Ltd              BG                CRISIL A4     220    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Krita Engineering Pvt Ltd              LOC               CRISIL A4     5      Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Krishnaping Alloys Ltd                 LOC               CRISIL D      200    Downgraded
                                                                              from CRISIL
                                                                              A4+
Krishnaping Minerals Pvt Ltd           LOC               CRISIL D      60     Downgraded
                                                                              from CRISIL
                                                                              A4+
Ktech Engineer Builders Company Pvt LtdBG                CRISIL A4     300    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Kuntal Granites Pvt Ltd                BG                CRISIL A4     3      -
(Issuer Not Cooperating)
Kuntal Granites Pvt Ltd                LOC               CRISIL A4     15     -
(Issuer Not Cooperating)
M S Ship Breaking Pvt Ltd              Import LOC Limit  CRISIL A4     65     -
(Issuer Not Cooperating)
Mars Construction                      BG                CRISIL A4     16.5   -
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         BG                CRISIL A4     5      -
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         LOC               CRISIL A4     3.5    -
(Issuer Not Cooperating)
Mother India Construction Pvt Ltd      BG                CRISIL A4     260    -
(Issuer Not Cooperating)
N.P. Agro India Industries Ltd         LOC               CRISIL A4     3.5    -
(Issuer Not Cooperating)
Nand Hospitality Pvt Ltd               BG                CRISIL A4     6      -
(Issuer Not Cooperating)
Natraj Rice Mills Pvt Ltd              BG                CRISIL A4     3.4    -
(Issuer Not Cooperating)
New India Contractors and Developers   BG                CRISIL A4+    100    Reaffirmed
Pvt Ltd
New Nalanda Tubewell Boring and        BG                CRISIL A4     50     -
Engineering Works
(Issuer Not Cooperating)
SBI Cards and Payment Services Ltd     CP                CRISIL A1+    190000 Reaffirmed
V.R. Nachimuthu (CBE)                  BG                CRISIL A4+    20     Assigned
Vidya Herbs Pvt Ltd                    Post Shipment     CRISIL A2     650    Reaffirmed
                                       Credit







LONG TERM RATINGS:
-------------------
Actionware India Pvt Ltd               CC                CRISIL        75     -
                                                         B+/Stable
(Issuer Not Cooperating)
Actionware India Pvt Ltd               Proposed LT Bk    CRISIL        52.7   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Actionware India Pvt Ltd               TL                CRISIL        21.8   -
                                                         B+/Stable
(Issuer Not Cooperating)
Akanksha Foods Pvt Ltd                 Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Amalorpavam Educational Welfare SocietyLT Loan           CRISIL        300    Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB/Stable
(Issuer Not Cooperating)
Aryan Energy Pvt Ltd                   WC Demand Loan*   CRISIL        60     Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-
(Removed from 'Rating Watch with Negative Implications')/*Includes cash credit of Rs 1 crore as
sub-limit of WCDL.
Bhanwarlal Jhanwar and Sons            Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)

Bhuwneshwar Pathak Construction Pvt LtdLT Loan           CRISIL        93     Reaffirmed
                                                         BB/Stable
Bhuwneshwar Pathak Construction Pvt LtdOverdraft         CRISIL        47     Reaffirmed
                                                         BB/Stable
Bhuwneshwar Pathak Construction Pvt LtdProposed LT Bk    CRISIL        14     Reaffirmed
                                       Loan Fac          BB/Stable
Bishwa Raman Kumar Singh               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Galaxy Papers Pvt Ltd                  CC                -             80     Withdrawn
(Issuer Not Cooperating)
Galaxy Papers Pvt Ltd                  TL                -             20     Withdrawn
(Issuer Not Cooperating)
Golden Falcon Industries Ltd           Drop Line         CRISIL        400    Migrated from
                                       Overdraft Fac     BB/Stable            CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
HST Steels Pvt Ltd                     CC                CRISIL        1050   Reaffirmed
                                                         BBB/Stable
HST Steels Pvt Ltd                     Proposed LT Bk    CRISIL        700    Reaffirmed
                                       Loan Fac          BBB/Stable
JS Auto Cast Foundry India Pvt Ltd     Bill Discounting  CRISIL        46.2   Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
JS Auto Cast Foundry India Pvt Ltd     CC                CRISIL        141.5  Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
JS Auto Cast Foundry India Pvt Ltd     Standby Line of   CRISIL        10     Migrated from
                                       Credit            BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
JS Auto Cast Foundry India Pvt Ltd     TL                CRISIL        107.3  Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
K K Welding Ltd                        CC                CRISIL D      175    -
(Issuer Not Cooperating)
K K Welding Ltd                        LOC               CRISIL D      50     -
(Issuer Not Cooperating)
K K Welding Ltd                        Overdraft         CRISIL D      275    -
(Issuer Not Cooperating)
K K Welding Ltd                        Proposed WC Fac   CRISIL D      20     -
(Issuer Not Cooperating)
K. D. Supply Chain Solutions Pvt Ltd   CC                CRISIL        150    -
                                                         B+/Stable
(Issuer Not Cooperating)
K. D. Supply Chain Solutions Pvt Ltd   Proposed LT Bk    CRISIL        100    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
K. R. Bakes Pvt Ltd                    CC                CRISIL        5      Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
K. R. Bakes Pvt Ltd                    Proposed LT Bk    CRISIL        13     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
K. R. Bakes Pvt Ltd                    TL                CRISIL        112    Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Kanak Pipe Industries Pvt Ltd          CC                CRISIL        29     -
                                                         B+/Stable
(Issuer Not Cooperating)
Kanak Pipe Industries Pvt Ltd          LT Loan           CRISIL        20.4   -
                                                         B+/Stable
(Issuer Not Cooperating)
Kanak Pipe Industries Pvt Ltd          Proposed LT Bk    CRISIL        8.1    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Kandoi Transport Ltd                   Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Kashvi Agritech Pvt Ltd                Proposed TL       CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Kashvi Agritech Pvt Ltd                TL                CRISIL        70     -
                                                         B+/Stable
(Issuer Not Cooperating)
Khedut Feeds and Foods Pvt Ltd         CC                CRISIL        238    Revised from
                                                         B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Khedut Feeds and Foods Pvt Ltd         Proposed LT Bk    CRISIL        36.8   Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Khedut Feeds and Foods Pvt Ltd         TL                CRISIL        39     Revised from
                                                         B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Kinam Engineering Industries           Proposed LT Bk    CRISIL        10     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Kinam Engineering Industries           Secured Overdraft CRISIL        15     Revised from
                                       Fac               B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Kings Motors Pvt Ltd                   CC                CRISIL        180    -
                                                         B+/Stable
(Issuer Not Cooperating)
Kings Motors Pvt Ltd                   TL                CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Kodarma Chemical Pvt Ltd               CC                CRISIL D      145    -
(Issuer Not Cooperating)
Kodarma Chemical Pvt Ltd               TL                CRISIL D      30.5   -
(Issuer Not Cooperating)
Koppal Solar Power Projects Pvt Ltd    TL                CRISIL D      100    -
(Issuer Not Cooperating)
Kotak Securities Ltd                   Optionally        CRISIL        500    Reaffirmed
                                       Convertible       AAAr/Stable
                                       Debentures
KPT Spinning Mills Pvt Ltd             CC                CRISIL D      35     -
(Issuer Not Cooperating)
KPT Spinning Mills Pvt Ltd             LT Loan           CRISIL D      25     -
(Issuer Not Cooperating)
Krishna Stone-Tech Pvt Ltd             CC                CRISIL D      5      -
(Issuer Not Cooperating)
Krishna Stone-Tech Pvt Ltd             Export Packing    CRISIL D      115    -
                                       Credit
(Issuer Not Cooperating)
Krishna Stone-Tech Pvt Ltd             Foreign Bill      CRISIL D      40     -
                                       Discounting
(Issuer Not Cooperating)
Krishna Valley Power Pvt Ltd           Proposed LT Bk    CRISIL D      14.2   -
                                       Loan Fac
(Issuer Not Cooperating)
Krishna Valley Power Pvt Ltd           TL                CRISIL D      135.8  -
(Issuer Not Cooperating)
Krishnaping Alloys Ltd                 CC                CRISIL D      150    Downgraded
                                                                              from CRISIL
                                                                              BB/Stable
Krishnaping Minerals Pvt Ltd           CC                CRISIL D      200    Downgraded
                                                                              from CRISIL
                                                                              BB/Stable
Krishnaping Minerals Pvt Ltd           TL                CRISIL D      100    Downgraded
                                                                              from CRISIL
                                                                              BB/Stable
Krita Engineering Pvt Ltd              CC                CRISIL        20     Revised from
                                                         B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Krita Engineering Pvt Ltd              Proposed LT Bk    CRISIL        25     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Krown Agrofoods Pvt Ltd                TL                CRISIL        105    -
                                                         B/Stable
(Issuer Not Cooperating)
KRS Pharmaceuticals Pvt Ltd            CC                CRISIL        17.2   -
                                                         B-/Stable
(Issuer Not Cooperating)
KRS Pharmaceuticals Pvt Ltd            Proposed LT Bk    CRISIL        2.8    -
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
KRS Pharmaceuticals Pvt Ltd            TL                CRISIL        76.1   -
                                                         B-/Stable
(Issuer Not Cooperating)
Ktech Engineer Builders Company Pvt LtdCC                CRISIL        30     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Kumar Tools and Stampings              CC                CRISIL        55     -
                                                         B+/Stable
(Issuer Not Cooperating)
Kumar Tools and Stampings              Proposed LT Bk    CRISIL        37.3   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Kumar Tools and Stampings              TL                CRISIL        27.7   -
                                                         B+/Stable
(Issuer Not Cooperating)
Kuntal Granites Pvt Ltd                Export Packing    CRISIL        170    -
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Kuntal Granites Pvt Ltd                Proposed LT Bk    CRISIL        18.7   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Kuntal Granites Pvt Ltd                TL                CRISIL        63.3   -
                                                         B+/Stable
(Issuer Not Cooperating)
Lavu Educational Society               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
M S Ship Breaking Pvt Ltd              CC                CRISIL        80     -
                                                         B/Stable
(Issuer Not Cooperating)
M.R.S. Leather Exports Pvt Ltd         CC                CRISIL        20     -
                                                         B+/Stable
(Issuer Not Cooperating)
M.R.S. Leather Exports Pvt Ltd         Export Packing    CRISIL        35     -
                                       Credit            B+/Stable
(Issuer Not Cooperating)
M.R.S. Leather Exports Pvt Ltd         Proposed LT Bk    CRISIL        8      -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
M.R.S. Leather Exports Pvt Ltd         Standby Line of   CRISIL        7      -
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Mahavir Rice Mill (Chamorshi)          CC                CRISIL        85     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Mahavishnu Rice Industries             CC                CRISIL        90     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Mahavishnu Rice Industries             Standby Line of   CRISIL        10     Revised from
                                       Credit            B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Marc Enterprises Pvt Ltd               CC                CRISIL        200    -
                                                         B+/Stable
(Issuer Not Cooperating)
Marc Enterprises Pvt Ltd               Proposed FB Bk    CRISIL        80     -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Marc Enterprises Pvt Ltd               TL                CRISIL        120    -
                                                         B+/Stable
(Issuer Not Cooperating)
Mars Construction                      CC                CRISIL        33.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Maruti Packagers Pvt Ltd               CC                CRISIL        155    -
                                                         B+/Stable
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         Bill Discounting  CRISIL        5      -
                                                         B+/Stable
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         CC                CRISIL        32     -
                                                         B+/Stable
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         Proposed LT Bk    CRISIL        8.5    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Max Precision Bearings Pvt Ltd         TL                CRISIL        2.8    -
                                                         B+/Stable
(Issuer Not Cooperating)
Mehta Dairies                          CC                CRISIL        40     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Mehta Dairies                          Proposed WC Fac   CRISIL        5      Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Mehta Dairies                          TL                CRISIL        10     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Mehta Dairies                          Warehouse ReceiptsCRISIL        45     Migrated from
                                                         BB+/Stable           CRISIL
                                                                              BBB-/Stable
(Issuer Not Cooperating)
Mother India Construction Pvt Ltd      Overdraft         CRISIL        8      -
                                                         B+/Stable
(Issuer Not Cooperating)
Mother India Construction Pvt Ltd      Proposed LT Bk    CRISIL        30     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Mudhai Dairy Pvt Ltd                   LT Loan           CRISIL D      37.5   -
(Issuer Not Cooperating)
N. P. Syndicate - Kolkata              CC                CRISIL        80     -
                                                         B+/Stable
(Issuer Not Cooperating)
N.P. Agro India Industries Ltd         CC                CRISIL        246.5  -
                                                         B+/Stable
(Issuer Not Cooperating)
N.P. Agro India Industries Ltd         Proposed LT Bk    CRISIL        52.6   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
N.P. Agro India Industries Ltd         TL                CRISIL        17.4   -
                                                         B+/Stable
(Issuer Not Cooperating)
Nahar Logistics Park Pvt Ltd           Proposed LT Bk    CRISIL        12     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Nahar Logistics Park Pvt Ltd           Proposed OverdraftCRISIL        8      -
                                       Fac               B+/Stable
(Issuer Not Cooperating)
Nahar Logistics Park Pvt Ltd           TL                CRISIL        110    -
                                                         B+/Stable
(Issuer Not Cooperating)
Nand Hospitality Pvt Ltd               CC                CRISIL        3.2    -
                                                         B+/Stable
(Issuer Not Cooperating)
Nand Hospitality Pvt Ltd               Proposed LT Bk    CRISIL        1.3    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Nand Hospitality Pvt Ltd               TL                CRISIL        234.5  -
                                                         B+/Stable
(Issuer Not Cooperating)
Narendra Nath Cold Storage Pvt Ltd     CC                CRISIL        65     -
                                                         B/Stable
(Issuer Not Cooperating)
Narendra Nath Cold Storage Pvt Ltd     Proposed LT Bk    CRISIL        5      -
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Natraj Rice Mills Pvt Ltd              CC                CRISIL        88.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Natraj Rice Mills Pvt Ltd              LT Loan           CRISIL        147    -
                                                         B+/Stable
(Issuer Not Cooperating)
Neev Infrastructure Pvt Ltd            BG                CRISIL D      800    -
(Issuer Not Cooperating)
Neev Infrastructure Pvt Ltd            CC                CRISIL D      450    -
(Issuer Not Cooperating)
Neev Infrastructure Pvt Ltd            Letter Of         CRISIL D      100    -
(Issuer Not Cooperating)               Guarantee   
New Amrutha Medical and Research CentreCash TL           CRISIL        70     -
(Raichur) Pvt Ltd                                        B/Stable
(Issuer Not Cooperating)
New Amrutha Medical and Research CentreProposed LT Bk    CRISIL        30     -
(Raichur) Pvt Ltd                      Loan Fac          B/Stable
(Issuer Not Cooperating)
New India Contractors and Developers   CC                CRISIL        50     Upgraded from
Pvt Ltd                                                  BB/Stable            CRISIL
                                                                              BB-/Stable
New Nalanda Tubewell Boring and        Overdraft         CRISIL        40     -
Engineering Works                                        B+/Stable
(Issuer Not Cooperating)
Niketan Solar Solutions                Cash TL           -             150    Withdrawn
(Issuer Not Cooperating)
Nikunj Exports                         CC                CRISIL        60     -
                                                         B+/Stable
(Issuer Not Cooperating)
Nikunj Exports                         LT Loan           CRISIL        46     -
                                                         B+/Stable
(Issuer Not Cooperating)
Nikunj Exports                         Proposed FB Bk    CRISIL        19     -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Nirav Silk Mills Pvt Ltd               CC                -             100    Withdrawn
(Rating Reaffirmed and Withdrawn)
Prabha Construction Co.                Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Relcon Infraprojects Ltd               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Riddhi Siddhi Gluco Biols Ltd          CC                CRISIL        500    -
                                                         BBB-/Watch
                                                         Developing
(Placed on 'Rating Watch with Developing Implications')
Riddhi Siddhi Gluco Biols Ltd          LT Loan           CRISIL        1350   -
                                                         BBB-/Watch
                                                         Developing
(Placed on 'Rating Watch with Developing Implications')
Riddhi Siddhi Gluco Biols Ltd          Proposed LT Bk    CRISIL        2000   -
                                       Loan Fac          BBB-/Watch
                                                         Developing
(Placed on 'Rating Watch with Developing Implications')
RKS Motor Pvt Ltd                      CC                -             70     Withdrawn
(Issuer Not Cooperating)
RKS Motor Pvt Ltd                      Inventory Funding -             945    Withdrawn
                                       Fac
(Issuer Not Cooperating)
RKS Motor Pvt Ltd                      LT Loan           -             235    Withdrawn
(Issuer Not Cooperating)
S P Iron Pvt Ltd                       CC                CRISIL        150    Reaffirmed
                                                         B+/Stable
SBI Cards and Payment Services Ltd     CC & WC demand    CRISIL        190000 Reaffirmed
                                       loan              AAA/Stable
SBI Cards and Payment Services Ltd     NCD               CRISIL        10000  Assigned
                                                         AAA/Stable
SBI Cards and Payment Services Ltd     NCDs              CRISIL        31000  Reaffirmed
                                                         AAA/Stable
SBI Cards and Payment Services Ltd     Lower Tier II BondCRISIL        17002  Reaffirmed
                                                         AAA/Stable
SBI Cards and Payment Services Ltd     NCD               CRISIL        14000  Withdrawn
                                                         AAA/Stable
SBI Cards and Payment Services Ltd     Lower Tier II BondCRISIL        500    Withdrawn
                                                         AAA/Stable
Shree SaiHasti Agroproducts Ltd        CC                CRISIL D      170    Downgraded
                                                                              from CRISIL
                                                                              B+/Stable
Shree SaiHasti Agroproducts Ltd        Proposed LT Bk    CRISIL D      6      Downgraded
                                       Loan Fac                               from CRISIL
                                                                              B+/Stable
Snehanjali Electronics and Trading Pvt Ratings           -             -      -
Ltd
(CRISIL is yet to receive adequate information to enable it to undertake a rating review)
Sumo Biscuits Pvt Ltd                  Proposed LT Bk    -             117    Withdrawn
                                       Loan Fac
Sumo Biscuits Pvt Ltd                  CC                CRISIL        40     Reaffirmed
                                                         BB/Stable
Sumo Biscuits Pvt Ltd                  TL                CRISIL        64     Reaffirmed
                                                         BB/Stable
Uppal-Chadha Hi-Tech Developers Pvt LtdCorporate Loan    CRISIL        1500   Downgraded
                                                         BB+/Watch            from CRISIL
                                                         Developing           BBB-/Stable
(Placed on 'Rating Watch with Developing Implication')
Uppal-Chadha Hi-Tech Developers Pvt LtdDrop Line         CRISIL        450    Downgraded
                                       Overdraft Fac     BB+/Watch            from CRISIL
                                                         Developing           BBB-/Stable
(Placed on 'Rating Watch with Developing Implication')
Uppal-Chadha Hi-Tech Developers Pvt LtdProposed LT Bk    CRISIL        1450   Downgraded
                                       Loan Fac          BB+/Watch            from CRISIL
                                                         Developing           BBB-/Stable
(Placed on 'Rating Watch with Developing Implication')
Uppal-Chadha Hi-Tech Developers Pvt LtdTL                CRISIL        3600   Downgraded
                                                         BB+/Watch            from CRISIL
                                                         Developing           BBB-/Stable
(Placed on 'Rating Watch with Developing Implication')
V.R. Nachimuthu (CBE)                  Secured Overdraft CRISIL        100    Assigned
                                       Fac               BB-/Stable
Vidya Herbs Pvt Ltd                    Export Packing    CRISIL        150    Reaffirmed
                                       Credit            BBB+/Stable
Vidya Herbs Pvt Ltd                    Foreign Bill      CRISIL        250    Reaffirmed
                                       Discounting       BBB+/Stable
Vidya Herbs Pvt Ltd                    LT Loan           CRISIL        485    Reaffirmed
                                                         BBB+/Stable
Vidya Herbs Pvt Ltd                    Proposed WC Fac   CRISIL        115    Reaffirmed
                                                         BBB+/Stable
Vivek Enterprises                      Ratings           -             -      -
(CRISIL is yet to receive adequate information 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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