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CRISIL ratings for Indian debt instruments-Nov 2

    Nov 2  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of October 31, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Associated Chemical Corporation        BG                CRISIL A4+    15     Assigned
Associated Chemical Corporation        Foreign LOC       CRISIL A4+    310    Assigned
Bharathi Vidhyalaya Educational Trust  Overdraft         CRISIL A4+    50     Assigned
Bravo Sponge Iron Pvt Ltd              LOC               CRISIL A3+    275    Reaffirmed
City Union Bank Ltd                    CDs               CRISIL A1+    2500   Reaffirmed
ESL Steel Ltd                          Non-FBL^^         CRISIL A1+    1800   Reaffirmed
^^Includes sublimit of Rs 150 crore for standby letter of credit for buyer's credit and bank
guarantee of Rs 50 crore
Fariyas Hotels Pvt Ltd                 Overdraft         CRISIL A4+    30     Downgraded
                                                                              from CRISIL A3
Favourite Cashews                      Overdraft         CRISIL A4+    95     Assigned
Garg Duplex and Paper Mills Pvt Ltd    LOC               CRISIL A2     30     Upgraded from
                                                                              CRISIL A3+
Gobinda Construction                   Proposed BG       CRISIL A3     137.3  Assigned
Gobinda Construction                   BG                CRISIL A3     12.7   Assigned
Godrej Consumer Products Ltd           CP                CRISIL A1+    7500   Reaffirmed
Hafiz Construction Company Pvt Ltd     BG                CRISIL D      300    Downgraded
                                                                              from CRISIL
                                                                              A4+
Hero Steels Ltd                        LOC$              CRISIL A1     450    Reaffirmed
$Interchangeable with bank guarantee
Hero Steels Ltd                        LOC               CRISIL A1     800    Reaffirmed
Hero Steels Ltd                        CP                CRISIL A1     250    Reaffirmed
Hero Steels Ltd                        CP                CRISIL A1     500    Withdrawn
Indian Phosphate Ltd                   LOC               CRISIL A3     62     Assigned
Indian Phosphate Ltd                   Letter Of         CRISIL A3     5      Assigned
                                       Guarantee   
Jagmini Micro Knit Pvt Ltd             BG                CRISIL A3+    2.5    Reaffirmed
Jagmini Micro Knit Pvt Ltd             LOC               CRISIL A3+    7.5    Reaffirmed
Janak Enterprise                       Packing Credit    CRISIL A4     13     Assigned
Kapil Enterprises Pvt Ltd              Bill Purchase     CRISIL A4+    30     Assigned
Kapil Enterprises Pvt Ltd              LOC               CRISIL A4+    11.6   Assigned
Kapil Enterprises Pvt Ltd              Packing Credit    CRISIL A4+    20     Assigned
Kasana Builders Pvt Ltd                BG                CRISIL A4+    990    Reaffirmed
Lift Controls Pvt Ltd                  BG                CRISIL A3+    5      Reaffirmed
Lift Controls Pvt Ltd                  LOC               CRISIL A3+    30     Reaffirmed
Lucas Indian Service Ltd               BG#               CRISIL A1+    100    Reaffirmed
#Interchangeable with letter of credit of up to Rs 5 crore
Lucas Indian Service Ltd               Bill Discounting  CRISIL A1+    580    Reaffirmed
Lucas Indian Service Ltd               LOC^              CRISIL A1+    50     Reaffirmed
^Interchangeable with bank guarantee
Lucas Indian Service Ltd               CP                CRISIL A1+    50     Reaffirmed
Lucas-TVS Ltd                          Packing Credit    CRISIL A1+    1500   Reaffirmed
Lucas-TVS Ltd                          Proposed ST Bk    CRISIL A1+    1155   Reaffirmed
                                       Loan Fac
Lucas-TVS Ltd                          CP                CRISIL A1+    1500   Reaffirmed
Model Tanners                          Foreign Bill      CRISIL A4+    30     Assigned
                                       Exchange
Nichrome India Ltd                     BG                CRISIL A3     30     Reaffirmed
PM Impex Pvt Ltd                       Overdraft         CRISIL A4+    17.5   Assigned
Point Textiles Pvt Ltd                 BG                CRISIL A4     15     Assigned
Polo Queen Industrial and Fintech Ltd  BG                CRISIL A4+    7.5    Reaffirmed
Pramukh Cotex Pvt Ltd                  BG                CRISIL A4+    0.6    Assigned
Precision Engineering and Thermal      Proposed BG       CRISIL A4+    5      Assigned
Components
Precision Engineering and Thermal      BG                CRISIL A4+    15     Assigned
Components
Ralson (India) Ltd                     Capex LOC         CRISIL A1+    150    Reaffirmed
Ralson (India) Ltd                     LOC               CRISIL A1+    240    Reaffirmed
Ralson (India) Ltd                     Non-FBL           CRISIL A1+    30.9   Reaffirmed
Ralson (India) Ltd                     CP                CRISIL A1+    100    Reaffirmed
Sanjay Chemicals India Pvt Ltd         Foreign Exchange  CRISIL A2     4      Upgraded from
                                       Forward                                CRISIL A3+
Sanjay Chemicals India Pvt Ltd         LOC               CRISIL A2     2785   Upgraded from
                                                                              CRISIL A3+
Shoppers Stop Ltd                      CP                CRISIL A1     1000   Downgraded
                                                                              from CRISIL
                                                                              A1+
Soil and Enviro Industries Pvt Ltd     LOC               CRISIL A4     10     Assigned
Soil and Enviro Industries Pvt Ltd     BG                CRISIL A4     30     Assigned
SRB Papertech Pvt Ltd                  Overdraft         CRISIL A4+    10     Assigned
Sree Saradhambal Automobiles Pvt Ltd   Overdraft         CRISIL A4+    30     Reaffirmed
Sri Ram Fuel Centre                    BG                CRISIL A4+    43.2   Assigned
The National Small Industries          CP                CRISIL A1+    12000  Reaffirmed
Corporation Ltd
The South Indian Bank Ltd              ST FD Programme   CRISIL A1+    -      Reaffirmed
Vignesh Polymers                       Proposed ST Bk    CRISIL A4+    21     Assigned
                                       Loan Fac
Vijeta Broking India Pvt Ltd           BG                CRISIL A4+    210    Assigned






LONG TERM RATINGS:
-------------------
A.Adak And Co                          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Aadinath Cashew Industries             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Aarna Foundation                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Abhay Fire Engineering and Services PvtRatings           -             -      -
Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
ABP Affordable Housing                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Adarsh Bhagvati Sikchha Seva Sansthan  Proposed FB Bk    CRISIL        10     Assigned
                                       Limits            B+/Stable
Aditya Spinners Ltd                    Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Akanksha Automobiles Pvt Ltd           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Akanksha Foods Pvt Ltd                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Ambal Modern Rice Mill                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Ambala Cotspin Pvt Ltd                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Anshula Technological Engineering      Ratings           -             -      -
Consultants Pvt Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Armaan Hospital                        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Arudra Engineers Pvt Ltd               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Aruppukottai Shri Ramalinga Spinners   Ratings           -             -      -
Pvt Ltd
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
AVA Chemicals Pvt Ltd                  Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Avirat Shilaj Project                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Bala Venkata Narasimha Cold Storage PvtTL                CRISIL D      55     Downgraded
Ltd                                                                           from CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Bharathi Vidhyalaya Educational Trust  TL                CRISIL        400    Reaffirmed
                                                         BB/Stable
Bharathi Vidhyalaya Educational Trust  Proposed LT Bk    CRISIL        250    Reaffirmed
                                       Loan Fac          BB/Stable
Bishwa Raman Kumar Singh               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
BLA Packaging Industries Pvt Ltd       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Bonageri Lifescience Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Bravo Sponge Iron Pvt Ltd              CC                CRISIL        340    Reaffirmed
                                                         BBB/Stable
Bravo Sponge Iron Pvt Ltd              LT Loan           CRISIL        4185   Reaffirmed
                                                         BBB/Stable
Bravo Sponge Iron Pvt Ltd              Proposed LT Bk    CRISIL        400    Reaffirmed
                                       Loan Fac          BBB/Stable
BSB Marketing Pvt Ltd                  Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Ch. Mathan Singh And Sons Pvt Ltd      WC TL             CRISIL        11.6   Assigned
                                                         B/Stable
Ch. Mathan Singh And Sons Pvt Ltd      TL                CRISIL        38.4   Assigned
                                                         B/Stable
Ch. Mathan Singh And Sons Pvt Ltd      Lease Rental      CRISIL        45     Assigned
                                       Discounting Loan  B/Stable
Ch. Mathan Singh And Sons Pvt Ltd      Proposed LT Bk    CRISIL        5      Assigned
                                       Loan Fac          B/Stable
Classique Associates                   Proposed Rupee TL CRISIL        600    Reaffirmed
                                                         A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Cori Engineers Pvt Ltd                 Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Creative Business Associates           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Creative Business Associates           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Dadha Pharma Distribution Pvt Ltd      CC                -             200    Withdrawn
(Rating reaffirmed and Withdrawn)
Eingur Wind Energy Pvt Ltd             CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
Eingur Wind Energy Pvt Ltd             Proposed LT Bk    CRISIL        80     Reaffirmed
                                       Loan Fac          B+/Stable
Ekta Enterprises - Bharatpur           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Elegant Overseas                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
ESL Steel Ltd                          CC*               CRISIL        300    Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
*Cash credit has sub limits with non-fund based facilities of Rs.30 crore
ESL Steel Ltd                          CC                CRISIL        200    Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
ESL Steel Ltd                          Non-FBL^^^        CRISIL        2950   Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
^^^Includes Rs.25 crore derivative limits
ESL Steel Ltd                          Non-FBL**         CRISIL        2500   Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
**Includes sublimit of Rs 20 crore cash credit
ESL Steel Ltd                          Non-FBL##         CRISIL        1500   Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
##Includes sublimit of Rs 50 crore for working capital demand loan (WCDL)
ESL Steel Ltd                          Proposed WC Fac   CRISIL        3750   Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
ESL Steel Ltd                          Rupee TL          CRISIL        34000  Downgraded
                                                         AA-/Stable           from CRISIL
                                                                              AA/Negative
ESS AAR Automotive Pvt Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Eswar Print N Pack Pvt Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Fariyas Hotels Pvt Ltd                 Proposed LT Bk    CRISIL        38     Downgraded
                                       Loan Fac          BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Fariyas Hotels Pvt Ltd                 TL                CRISIL        282    Downgraded
                                                         BB+/Stable           from CRISIL
                                                                              BBB-/Stable
Favourite Cashews                      Secured Overdraft CRISIL        50     Assigned
                                       Fac               BB/Stable
Favourite Cashews                      Proposed LT Bk    CRISIL        27     Assigned
                                       Loan Fac          BB/Stable
Favourite Cashews                      LT Loan           CRISIL        28     Assigned
                                                         BB/Stable
Filco Trade Centre Pvt Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
G.S. Alloy Castings Pvt Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Gamma Constructions Pvt Ltd            Rupee TL          CRISIL A+     2500   Reaffirmed
(Outlook revised from 'Positive' and rating reaffirmed)
Garg Duplex and Paper Mills Pvt Ltd    CC                CRISIL        100    Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Stable
Garg Duplex and Paper Mills Pvt Ltd    Proposed LT Bk    CRISIL        44     Upgraded from
                                       Loan Fac          BBB+/Stable          CRISIL
                                                                              BBB/Stable
Garg Duplex and Paper Mills Pvt Ltd    WC TL             CRISIL        27     Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Stable
Garg Duplex and Paper Mills Pvt Ltd    Standby Line of   CRISIL        20     Upgraded from
                                       Credit            BBB+/Stable          CRISIL
                                                                              BBB/Stable
Garuda Venkata Sai Cold Storage Pvt LtdTL                CRISIL D      55     Downgraded
                                                                              from CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Gaurik Fashions Pvt Ltd                Proposed FB Bk    CRISIL        50     Assigned
                                       Limits            B+/Stable
Gazebo Industries Ltd                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Gemstone Ceramic LLP                   CC                CRISIL        30     Assigned
                                                         BB-/Stable
Gemstone Ceramic LLP                   TL                CRISIL        60     Assigned
                                                         BB-/Stable
Gobinda Construction                   TL                CRISIL        41.1   Assigned
                                                         BBB-/Stable
Gobinda Construction                   Proposed FB Bk    CRISIL        8.9    Assigned
                                       Limits            BBB-/Stable
Gobinda Construction                   Proposed CC Limit CRISIL        17.5   Assigned
                                                         BBB-/Stable
Gobinda Construction                   CC                CRISIL        82.5   Assigned
                                                         BBB-/Stable
Groversons Apparel Pvt Ltd             CC                CRISIL        120    Reaffirmed
                                                         BB+/Stable
Gupta Steel and Strips Pvt Ltd         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Hafiz Construction Company Pvt Ltd     Proposed LT Bk    CRISIL D      35     Downgraded
                                       Loan Fac                               from CRISIL
                                                                              BB/Stable
Hafiz Construction Company Pvt Ltd     Secured Overdraft CRISIL D      210    Downgraded
                                       Fac                                    from CRISIL
                                                                              BB/Stable
Hafiz Construction Company Pvt Ltd     TL                CRISIL D      55     Downgraded
                                                                              from CRISIL
                                                                              BB/Stable
HCL Technologies Ltd                   Corporate Credit  CCR           -      Reaffirmed
                                       Rating            AAA/Stable
Henraajh Feeds India Pvt Ltd           CC                CRISIL        125    Reaffirmed
                                                         BB/Stable
Henraajh Feeds India Pvt Ltd           TL                CRISIL        75     Reaffirmed
                                                         BB/Stable
Hero Steels Ltd                        Proposed LT Bk    -             300    Withdrawn
                                       Loan Fac
Hero Steels Ltd                        CC*               CRISIL        500    Reaffirmed
                                                         A/Stable
*Interchangeable with working capital demand loan, short-term loan, sale bill discounting, and
purchase bill discounting up to Rs 50 crore
Hero Steels Ltd                        CC^               CRISIL        860    Reaffirmed
                                                         A/Stable
^Fully interchangeable with working capital demand loan
Hero Steels Ltd                        CC                CRISIL        330    Reaffirmed
                                                         A/Stable
Hero Steels Ltd                        Proposed LT Bk    CRISIL        310    Reaffirmed
                                       Loan Fac          A/Stable
Hero Steels Ltd                        WC Demand Loan    CRISIL        250    Reaffirmed
                                                         A/Stable
Hero Steels Ltd                        TL                CRISIL        500    Reaffirmed
                                                         A/Stable
Hgp Community Pvt Ltd                  Lease Rental      CRISIL        6500   Reaffirmed
                                       Discounting Loan  A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Hgp Community Pvt Ltd                  Proposed LT Bk    CRISIL        2000   Reaffirmed
                                       Loan Fac          A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Hgp Community Pvt Ltd                  Rupee TL          CRISIL        6500   Reaffirmed
                                                         A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Hindustan Agro Products Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Hiranandani Properties Pvt Ltd         Proposed LT Bk    CRISIL A+     1000   Reaffirmed
                                       Loan Fac
(Outlook revised from 'Positive' and rating reaffirmed)
HM Grains and Pulses Processing Pvt LtdRatings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
IGP Engineers Pvt Ltd                  Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Imperial Life Sciences Pvt Ltd         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Indian Phosphate Ltd                   CC                CRISIL        310    Assigned
                                                         BBB-/Stable
Inland Power Ltd                       Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
International Certification Services   Ratings           -             -      -
Pvt Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Jagmini Micro Knit Pvt Ltd             Export Packing    CRISIL        52.5   Reaffirmed
                                       Credit            BBB/Stable
Jagmini Micro Knit Pvt Ltd             LT Loan           CRISIL        39.3   Reaffirmed
                                                         BBB/Stable
Jagmini Micro Knit Pvt Ltd             Proposed TL       CRISIL        13.2   Reaffirmed
                                                         BBB/Stable
Janak Enterprise                       CC                CRISIL        49.5   Assigned
                                                         B+/Stable
Jeet Biri Manufacturing Co Pvt Ltd     CC                CRISIL        60     Reaffirmed
                                                         BB+/Stable
Kailash Steel Rolling Mills            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Kalyanalakshmi Shopping Mall           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Kapil Enterprises Pvt Ltd              TL                CRISIL        8.4    Assigned
                                                         BB-/Stable
Kapila Krishi Udyog Ltd                CC                CRISIL        140    Reaffirmed
                                                         BBB-/Stable
Kapila Krishi Udyog Ltd                Secured Overdraft CRISIL        70     Reaffirmed
                                       against term      BBB-/Stable
                                       deposits
Kapila Krishi Udyog Ltd                Warehouse ReceiptsCRISIL        280    Reaffirmed
                                                         BBB-/Stable
Kartik Construction Company            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Kasana Builders Pvt Ltd                CC                CRISIL        185    Reaffirmed
                                                         BB+/Stable
Kishoreman Engineering Pvt Ltd         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Kishoriji Exports                      Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Krishna Global Industries              Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Leoline Foods Pvt Ltd                  CC                CRISIL D      20     Migrated from
                                                                              CRISIL D
(Issuer Not Cooperating)
Leoline Foods Pvt Ltd                  LT Loan           CRISIL D      62.3   Migrated from
                                                                              CRISIL D
(Issuer Not Cooperating)
Leoline Foods Pvt Ltd                  Proposed FB Bk    CRISIL D      43.7   Migrated from
                                       Limits                                 CRISIL D
(Issuer Not Cooperating)
Lift Controls Pvt Ltd                  CC                CRISIL        140    Reaffirmed
                                                         BBB/Stable
Lonestar Industries                    Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Lucas Indian Service Ltd               CC*               CRISIL        250    Reaffirmed
                                                         AA/Negative
(Outlook revised from 'Stable' and rating reaffirmed)/*Interchangeable with working capital
demand loan of up to Rs 3 crore
Lucas Indian Service Ltd               NCD               CRISIL        250    -
                                                         AA/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Lucas-TVS Ltd                          CC                CRISIL        940    -
                                                         AA+/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
M.R. Hi-Tech Engineers Pvt Ltd         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Mandeep International Pvt Ltd          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Model Tanners                          Packing Credit    CRISIL        230    Assigned
                                                         BB/Stable
Modtech Material Handling Projects Pvt Ratings           -             -      -
Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Mohan Breweries and Distilleries Ltd   CC                CRISIL        885.8  Reaffirmed
                                                         B/Stable
Mohan Breweries and Distilleries Ltd   Funded Interest TLCRISIL        64.2   Reaffirmed
                                                         B/Stable
Morgan Milk and Dairy Industries Pvt LtCC                CRISIL        60     Assigned
                                                         B+/Stable
Morgan Milk and Dairy Industries Pvt LtTL                CRISIL        150    Assigned
                                                         B+/Stable
MSKB Industries Pvt Ltd                Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Naman Metal                            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Naran Lala Pvt Ltd                     Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
National Steel Suppliers               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Nichrome India Ltd                     CC                CRISIL        60     Reaffirmed
                                                         BBB-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Nichrome India Ltd                     Proposed WC Fac   CRISIL        20     Reaffirmed
                                                         BBB-/Stable
(Outlook revised from 'Negative' and rating reaffirmed)
Nikita Industries Pvt Ltd              Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Northern Power Erectors Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Opera Global Pvt Ltd                   Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
P. P. International                    Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
P. S. Infrabuild Pvt Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Parshwa Global                         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Pawan Shree Food International Pvt Ltd CC                CRISIL        450    Reaffirmed
                                                         BB+/Stable
Pawan Shree Food International Pvt Ltd Proposed WC Fac   CRISIL        5      Reaffirmed
                                                         BB+/Stable
PM Impex Pvt Ltd                       WC TL             CRISIL        11     Assigned
                                                         BB-/Stable
PM Impex Pvt Ltd                       Proposed LT Bk    CRISIL        67.5   Assigned
                                       Loan Fac          BB-/Stable
PM Impex Pvt Ltd                       CC                CRISIL        4      Assigned
                                                         BB-/Stable
Point Textiles Pvt Ltd                 LT Loan           CRISIL        155    Assigned
                                                         B-/Stable
Point Textiles Pvt Ltd                 CC                CRISIL        90     Assigned
                                                         B-/Stable
Polo Queen Industrial and Fintech Ltd  CC                CRISIL        50     Reaffirmed
                                                         BB-/Stable
Polo Queen Industrial and Fintech Ltd  Government Bill   CRISIL        20     Reaffirmed
                                       Purchase          BB-/Stable
Pramukh Cotex Pvt Ltd                  WC Demand Loan    CRISIL        19.4   Assigned
                                                         BB-/Stable
Pramukh Cotex Pvt Ltd                  CC                CRISIL        250    Assigned
                                                         BB-/Stable
Precision Engineering and Thermal      Proposed CC Limit CRISIL        45     Assigned
Components                                               BB-/Stable
Precision Engineering and Thermal      CC                CRISIL        35     Assigned
Components                                               BB-/Stable
Premier Civil Contracts Pvt Ltd        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Premier Steel Complex Pvt Ltd          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Prime Fresh Ltd                        Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Pulimoottil Silks and Apparel Pvt Ltd  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
R K Machine Tools Ltd                  Lease Rental      CRISIL        57.4   Assigned
                                       Discounting Loan  BB/Stable
R&B Denims Ltd                         Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
R. K. Mahajan Govt. Contractor         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
R.S Rice Mill - Nawada                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Radha Khadi Gramodhyog Bunkar Sewa     Ratings           -             -      -
Samiti
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Radheshyam Proteins                    TL                CRISIL        6.8    Assigned
                                                         BB-/Stable
Radheshyam Proteins                    CC                CRISIL        40     Assigned
                                                         BB-/Stable
Radheshyam Proteins                    Proposed LT Bk    CRISIL        53.2   Assigned
                                       Loan Fac          BB-/Stable
Raga Commodities Pvt Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Rajender Prasad Pramod Kumar Jain      Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Rajlaxmi Constructions Ltd             Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Ralson (India) Ltd                     Buyer`s Credit    CRISIL        210    Reaffirmed
                                                         A+/Stable
Ralson (India) Ltd                     CC                CRISIL        660    Reaffirmed
                                                         A+/Stable
Ralson (India) Ltd                     LT Loan           CRISIL        175    Reaffirmed
                                                         A+/Stable
Ransan Packaging Pvt Ltd               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Rddhi Gold Pvt Ltd                     CC                CRISIL        55     Assigned
                                                         B+/Stable
Rddhi Gold Pvt Ltd                     Proposed LT Bk    CRISIL        22     Assigned
                                       Loan Fac          B+/Stable
Rddhi Gold Pvt Ltd                     TL                CRISIL        3      Assigned
                                                         B+/Stable
Remira Motors Pvt Ltd                  Proposed LT Bk    CRISIL        50     Assigned
                                       Loan Fac          B/Stable
Remira Motors Pvt Ltd                  CC                CRISIL        60     Assigned
                                                         B/Stable
Remira Motors Pvt Ltd                  Electronic Dealer CRISIL        70     Assigned
                                       Financing         B/Stable
                                       Scheme(e-DFS)
Rishi Raj Construction                 Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Rita Massar                            CC                CRISIL        39.5   Assigned
                                                         B+/Stable
Rita Massar                            Proposed LT Bk    CRISIL        20.5   Assigned
                                       Loan Fac          B+/Stable
Roma Builders Pvt Ltd                  Lease Rental      CRISIL        9950   Reaffirmed
                                       Discounting Loan  A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Roma Builders Pvt Ltd                  Loan Against      CRISIL        2800   Reaffirmed
                                       Property          A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Roma Builders Pvt Ltd                  Proposed LT Bk    CRISIL        6250   Reaffirmed
                                       Loan Fac          A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Roma Builders Pvt Ltd                  Rupee TL          CRISIL        6000   Reaffirmed
                                                         A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
RY Midas Alluminiums Pvt Ltd           Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
S V Engineering Constructions India PvtRatings           -             -      -
Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sammon Infracorp                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Samrat Pharmachem Ltd                  CC                CRISIL        100    Assigned
                                                         BB+/Stable
Sanjay Chemicals India Pvt Ltd         CC                CRISIL        152.5  Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Positive
Sanjay Chemicals India Pvt Ltd         CC/ Overdraft Fac CRISIL        50     Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Positive
Sanjay Chemicals India Pvt Ltd         WC Fac            CRISIL        12.5   Upgraded from
                                                         BBB+/Stable          CRISIL
                                                                              BBB/Positive
Shree Narmada Khand Udyog Sahakari     TL                CRISIL        250    Assigned
Mandali Ltd                                              BB/Stable
Shreenath Metals                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Shri Beereshwar Co-Operative Credit    Ratings           -             -      -
Society Ltd
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Shri Mangalam Auto Pvt Ltd             TL                CRISIL        28.1   Assigned
                                                         BB-/Stable
Shri Mangalam Auto Pvt Ltd             WC Fac            CRISIL        171.9  Assigned
                                                         BB-/Stable
Shri Satyasai Oil Industries and       Ratings           -             -      -
Refinery
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Shri Venkateshwara Corporation         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Soil and Enviro Industries Pvt Ltd     CC                CRISIL        55     Assigned
                                                         B+/Stable
Sood Steel Industries                  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Spenzen Ceramic Pvt Ltd                Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
SRB Papertech Pvt Ltd                  WC TL             CRISIL        14     Assigned
                                                         BB-/Stable
SRB Papertech Pvt Ltd                  TL                CRISIL        62.5   Assigned
                                                         BB-/Stable
SRB Papertech Pvt Ltd                  Proposed LT Bk    CRISIL        33.5   Assigned
                                       Loan Fac          BB-/Stable
Sree Saradhambal Automobiles Pvt Ltd   Inventory Funding CRISIL        420    Reaffirmed
                                       Fac               BB-/Stable
Sree Saradhambal Automobiles Pvt Ltd   Proposed WC Fac   CRISIL        15     Reaffirmed
                                                         BB-/Stable
Sree Saradhambal Automobiles Pvt Ltd   TL                CRISIL        265    Reaffirmed
                                                         BB-/Stable
Sri Kakatiya Industries (India) Pvt LtdRatings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sri Poorna Chandra And Co              Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sri Ram Fuel Centre                    Proposed BG       CRISIL        90.2   Assigned
                                                         BB/Stable
Sri Ram Fuel Centre                    CC                CRISIL        6.6    Assigned
                                                         BB/Stable
Sudharsanamtrans                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sudheer Builders & Developers          Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sultania Oil Industries Pvt Ltd        Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Sun Agro Exim                          Export Packing    CRISIL        50     Assigned
                                       Credit            B+/Stable
Sunkon Energy Pvt Ltd                  Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Sunny Diamonds Pvt Ltd                 CC                CRISIL        75     Assigned
                                                         BB-/Stable
Sunny Diamonds Pvt Ltd                 Proposed WC Fac   CRISIL        10     Assigned
                                                         BB-/Stable
Suryadipta Projects Pvt Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Tagore Educational Trust               Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Three Seasons Exim Ltd                 LT Loan           CRISIL D      500    Downgraded
                                                                              from CRISIL
                                                                              B/Stable
Tirumalai Textiles                     Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
U.C. Jain Foundation Trust             Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Vamsi Labs Ltd                         Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Vibrant Global Salt Pvt Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Vignesh Polymers                       WC TL             CRISIL        34     Assigned
                                                         BB+/Stable
Vignesh Polymers                       TL                CRISIL        40     Assigned
                                                         BB+/Stable
Vignesh Polymers                       CC                CRISIL        70     Assigned
                                                         BB+/Stable
Vijeta Broking India Pvt Ltd           Overdraft         CRISIL        40     Assigned
                                                         BB-/Stable
Vijeta Broking India Pvt Ltd           Proposed BG       CRISIL        70     Assigned
                                                         BB-/Stable
Vishesh Overseas                       Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Vivek Enterprises                      Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Wellworth Share and Stock Broking Ltd  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Worldwide Safety Pvt Ltd               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review.)
Wysetek Systems Technologists Pvt Ltd  Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Yug Infrastructures Pvt Ltd            Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the rating
review)
Yuwak Vikas Samiti                     Ratings           -             -      -
(CRISIL is, however, awaiting adequate information which will enable us to carry out the 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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