November 20, 2019 / 9:29 AM / 18 days ago

CRISIL ratings for Indian debt instruments-Nov 20

    Nov 20 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 19, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ambika Diamonds                         Foreign Bill       CRISIL A4+     200     Reaffirmed
                                        Purchase
Arun Shivajirao Desai                   BG                 CRISIL A4+     15      Reaffirmed
Arun Shivajirao Desai                   Overdraft          CRISIL A4+     150     Reaffirmed
Aspinwall and Co. Ltd                   LOC & BG           CRISIL A3+     45      Downgraded
                                                                                  from CRISIL
                                                                                  A2
Baazar Retail Ltd                       BG                 CRISIL A1      5       Upgraded from
                                                                                  CRISIL A2+
Balajee Mini Steels and Rerolling Pvt   BG                 CRISIL A4+     10      Withdrawn
Ltd
(Issuer Not Cooperating)
Balajee Mini Steels and Rerolling Pvt   CC                 CRISIL A4+     177     Withdrawn
Ltd
(Issuer Not Cooperating)
Balajee Mini Steels and Rerolling Pvt   LOC                CRISIL A4+     40      Withdrawn
Ltd
(Issuer Not Cooperating)
Balajee Mini Steels and Rerolling Pvt   Proposed LT Bk     CRISIL A4+     11.1    Withdrawn
Ltd                                     Loan Fac
(Issuer Not Cooperating)
Balajee Mini Steels and Rerolling Pvt   Rupee TL           CRISIL A4+     90      Withdrawn
Ltd
(Issuer Not Cooperating)
Bliss GVS Pharma Ltd                    LOC                CRISIL A4+     50      Downgraded
                                                                                  from CRISIL
                                                                                  A3+
(Removed on Rating Watch with Negative Implication)
Eastman Impex                           Foreign Exchange   CRISIL A4+     20      Reaffirmed
                                        Forward
Eastman Impex                           LOC                CRISIL A4+     240     Reaffirmed
Eastman Impex                           Standby Line of    CRISIL A4+     20      Reaffirmed
                                        Credit
Fresh Catch Exports                     Export Bill        CRISIL A4+     10      Migrated from
                                        Purchase                                  CRISIL A4
(Issuer Not Cooperating)
Galaxy Office Automation Pvt Ltd        BG                 CRISIL A3+     50      Reaffirmed
Innovative Tyres and Tubes Ltd          BG                 CRISIL A3      10      Downgraded
                                                                                  from CRISIL
                                                                                  A2
Innovative Tyres and Tubes Ltd          Foreign Exchange   CRISIL A3      10      Downgraded
                                        Forward                                   from CRISIL
                                                                                  A2
Innovative Tyres and Tubes Ltd          LOC                CRISIL A3      115     Downgraded
                                                                                  from CRISIL
                                                                                  A2
Jindal Polybuttons Pvt Ltd              LOC & BG           CRISIL A3+     4       Reaffirmed
Jyoti Strips Pvt Ltd                    BG                 CRISIL A3+     250     Reaffirmed
Jyoti Strips Pvt Ltd                    LOC                CRISIL A3+     830     Reaffirmed
Jyoti Strips Pvt Ltd                    LOC & BG           CRISIL A3+     1050    Reaffirmed
Jyoti Strips Pvt Ltd                    Proposed ST Bk     CRISIL A3+     270     Reaffirmed
                                        Loan Fac
LE Marble Gallery Pvt Ltd               LOC                CRISIL A4+     50      Reaffirmed
Maa Joytara Rice Mill Pvt Ltd           BG                 CRISIL A4      1.7     -
(Issuer Not Cooperating)
Madhav Constructions                    BG                 CRISIL A4      40      -
(Issuer Not Cooperating)
Malhar Fashions India Pvt Ltd           LOC                CRISIL A4      5       Withdrawn
(Issuer Not Cooperating)
Maruti Educational Trust                Overdraft          CRISIL A4      37.5    -
(Issuer Not Cooperating)
Meghalaya Cast and Alloys Pvt Ltd       BG                 CRISIL A4      21.4    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Merlon Infra Projects Pvt Ltd           BG                 CRISIL A4      40      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Midaas Construction Company Pvt Ltd     BG                 CRISIL A4      10      -
(Issuer Not Cooperating)
Midaas Construction Company Pvt Ltd     Overdraft          CRISIL A4      38.5    -
(Issuer Not Cooperating)
MPIL Steel Structures Ltd               BG                 CRISIL A4+     130     Downgraded
                                                                                  from CRISIL
                                                                                  A3
MPIL Steel Structures Ltd               LOC                CRISIL A4+     170     Downgraded
                                                                                  from CRISIL
                                                                                  A3
MPR Projects Pvt Ltd                    BG                 CRISIL A4      50      -
(Issuer Not Cooperating)
Narayan Powertech Pvt Ltd               Proposed ST Bk     CRISIL A2+     10      Migrated from
                                        Loan Fac                                  CRISIL A2+
(Issuer Not Cooperating)
Neel Industries Pvt Ltd                 LOC*               CRISIL A2+     100     -

(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)/ 
*Interchangeable with BG up to Rs.1 crore
Paragon Knits Ltd                       LOC & BG           CRISIL A4      20      Upgraded from
                                                                                  CRISIL D
Premier Marine Enterprises              Foreign Bill       CRISIL A4+     30      Reaffirmed
                                        Negotiation
Primuss Pipes & Tubes Ltd               LOC & BG           CRISIL A4      25      Reaffirmed
Privilege Biksons Boilers Pvt Ltd       BG                 CRISIL A4      20      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Privilege Biksons Boilers Pvt Ltd       Packing Credit     CRISIL A4      15      Revised from
                                                           (ISSUER NOT            CRISIL A4+
                                                           COOPERATING;
(Issuer Not Cooperating)
Rushabh Investment Pvt Ltd              BG                 CRISIL A4+     25      Reaffirmed
Rushabh Investment Pvt Ltd              LOC                CRISIL A4+     35      Reaffirmed
S. S. Engineers                         BG                 CRISIL A4      540     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Sai Balaji Paraboiled Rice Mill         LOC                CRISIL A4      2.5     -
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            BG                 CRISIL A4      3.4     -
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            Proposed LOC       CRISIL A4      15      -
(Issuer Not Cooperating)
Sanctum Trading Corporation Pvt Ltd     Packing Credit     CRISIL A4      60      -
(Issuer Not Cooperating)
Sanskriti Packaging Pvt Ltd             LOC                CRISIL A4      39.6    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Savita Oil Technologies Ltd             LOC & BG           CRISIL A1+     8579    Reaffirmed
Secutech Automation (India) Pvt Ltd     LOC & BG           CRISIL A4      40      Reaffirmed
Shimnit Kiwalite Industries Pvt Ltd     Foreign LOC        CRISIL A4      70      -
(Issuer Not Cooperating)
Shresid Interiors Pvt Ltd               BG                 CRISIL A4      45      -
(Issuer Not Cooperating)
Silvassa Bottling Company.              Overdraft          CRISIL A4+     18.7    Assigned
SLR Construction Pvt Ltd                BG                 CRISIL A4      120     Reaffirmed
Sohoni Metal Craft Pvt Ltd              LOC                CRISIL A4      32      -
(Issuer Not Cooperating)
Solarium Ceramic Pvt Ltd                BG                 CRISIL A4      9       -
(Issuer Not Cooperating)
Square Ceramic Pvt Ltd                  BG                 CRISIL A4      11.5    -
(Issuer Not Cooperating)
Sree Rani Sati Overseas Pvt Ltd         Proposed NFBL      CRISIL A4      272     Withdrawn
Sreenath Engg. Sales and Service Pvt LtdBG                 CRISIL A4      15      -
(Issuer Not Cooperating)
Sreenath Engg. Sales and Service Pvt LtdLOC                CRISIL A4      5       -
(Issuer Not Cooperating)
Sri Rajalakshmi Saw Mill - Tirunelveli  Foreign LOC        CRISIL A4      60      -
(Issuer Not Cooperating)
ST Woven Bags Pvt Ltd                   Export Packing     CRISIL A4      3       -
                                        Credit
(Issuer Not Cooperating)
Subhlaxmi Syntex Ltd                    BG                 CRISIL A4+     6       Reaffirmed
Super Hoze Industries Pvt Ltd           LOC & BG           CRISIL A4      35      -
(Issuer Not Cooperating)
Sure Cargo Control Pvt Ltd              BG                 CRISIL A4      1       -
(Issuer Not Cooperating)
The Fabricators (India)                 BG                 CRISIL A4      42.5    -
(Issuer Not Cooperating)
Transnational                           LOC                CRISIL A4      62      -
(Issuer Not Cooperating)
Transnational                           Proposed Buyer     CRISIL A4      10      -
                                        Credit Limit
(Issuer Not Cooperating)
Tricolite Electrical Industries Ltd     BG                 CRISIL A4+     144     Reaffirmed
Tricolite Electrical Industries Ltd     Bill Discounting   CRISIL A4+     100     Reaffirmed
Tricolite Electrical Industries Ltd     LOC                CRISIL A4+     65      Reaffirmed
Tricolite Electrical Industries Ltd     Proposed NFBL      CRISIL A4+     194     Reaffirmed
Trident Metal Energy Pvt Ltd            Overdraft          CRISIL A4      36      -
(Issuer Not Cooperating)
Trinetra Constructions                  BG                 CRISIL A4      100     -
(Issuer Not Cooperating)
Trinity Global - Alappuzha              BG                 CRISIL A4      6       -
(Issuer Not Cooperating)
V.S.Engineering Pvt Ltd                 BG                 CRISIL A4      50      -
(Issuer Not Cooperating)
VBS Textiles Pvt Ltd                    BG                 CRISIL A4      22.5    -
(Issuer Not Cooperating)
Veer Bundel Khand Press                 LOC                CRISIL A4      25      -
(Issuer Not Cooperating)
Venkata Krishna Constructions Pvt Ltd   BG                 CRISIL A4      18      -
(Issuer Not Cooperating)
Vijex Vyapaar Pvt Ltd                   LOC                CRISIL A4      50      -
(Issuer Not Cooperating)
Vijex Vyapaar Pvt Ltd                   Proposed ST Bk     CRISIL A4      20      -
                                        Loan Fac
(Issuer Not Cooperating)
Vinod H Patel                           BG                 CRISIL A4      20      -
(Issuer Not Cooperating)
Vishal Surgical Equipment Co- New Delhi BG                 CRISIL A4      80      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Wilson Printcity Pvt Ltd                BG                 CRISIL A4      10      Reaffirmed
Win power Infra Pvt Ltd                 Inland/Import LOC  CRISIL A4      50      Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Win power Infra Pvt Ltd                 BG                 CRISIL A4      450     Revised from
                                                           (ISSUER NOT            CRISIL A4+
                                                           COOPERATING;
(Issuer Not Cooperating)
Zarina Leather Exports                  Packing Credit     CRISIL A4      9       -
(Issuer Not Cooperating)


LONG TERM RATINGS:
-------------------
Aan Motors Pvt Ltd                      BG                 CRISIL B/Stable2       Withdrawn
(Issuer Not Cooperating)
Aan Motors Pvt Ltd                      CC                 CRISIL B/Stable20      Withdrawn
(Issuer Not Cooperating)
Aan Motors Pvt Ltd                      Electronic Dealer  CRISIL B/Stable115     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Aan Motors Pvt Ltd                      TL                 CRISIL B/Stable63      Withdrawn
(Issuer Not Cooperating)
Afflatus Gravures Pvt Ltd               LT Loan            CRISIL         650     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Afflatus Gravures Pvt Ltd               Proposed LOC & BG  CRISIL         75      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Afflatus Gravures Pvt Ltd               Proposed TL        CRISIL         100     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Ambika Diamonds                         Proposed LT Bk     CRISIL         40      Reaffirmed
                                        Loan Fac           BB/Stable
Argunt Aggregates Pvt Ltd               CC                 CRISIL         30      Reaffirmed
                                                           BB-/Stable
Argunt Aggregates Pvt Ltd               LT Loan            CRISIL         20      Reaffirmed
                                                           BB-/Stable
Arun Shivajirao Desai                   Proposed BG        CRISIL         85      Reaffirmed
                                                           BB/Stable
Aspinwall and Co. Ltd                   CC                 CRISIL         265     Downgraded
                                                           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Aspinwall and Co. Ltd                   Export Packing     CRISIL         755     Downgraded
                                        Credit             BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Aspinwall and Co. Ltd                   LT Loan            CRISIL         200     Downgraded
                                                           BBB/Stable             from CRISIL
                                                                                  BBB+/Stable
Associated Manufacturing LLP            CC                 CRISIL         60      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Associated Manufacturing LLP            LT Loan            CRISIL         80      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Baazar Retail Ltd                       CC                 CRISIL A/Stable250     Upgraded from
                                                                                  CRISIL
                                                                                  A-/Positive
Baazar Retail Ltd                       Proposed FB Bk     CRISIL         148     Upgraded from
                                        Limits             A/Stable               CRISIL
                                                                                  A-/Positive
Balmukund Sponge and Iron Pvt Ltd       CC                 CRISIL         480     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Balmukund Sponge and Iron Pvt Ltd       LOC                CRISIL         377     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Balmukund Sponge and Iron Pvt Ltd       LT Loan            CRISIL         33      Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Balmukund Sponge and Iron Pvt Ltd       Proposed LT Bk     CRISIL         5       Withdrawn
                                        Loan Fac           BB+/Stable
(Issuer Not Cooperating)
Balmukund Sponge and Iron Pvt Ltd       Standby Line of    CRISIL         30      Withdrawn
                                        Credit             BB+/Stable
(Issuer Not Cooperating)
Bliss GVS Pharma Ltd                    Bill Discounting   CRISIL         600     Downgraded
                                                           BB+/Negative           from CRISIL
                                                                                  BBB
(Removed on Rating Watch with Negative Implication)
Bliss GVS Pharma Ltd                    CC                 CRISIL         100     Downgraded
                                                           BB+/Negative           from CRISIL
                                                                                  BBB
(Removed on Rating Watch with Negative Implication)
Bliss GVS Pharma Ltd                    TL                 CRISIL         90      Downgraded
                                                           BB+/Negative           from CRISIL
                                                                                  BBB
(Removed on Rating Watch with Negative Implication)
Clear Secured Services Pvt Ltd          CC                 CRISIL         250     Downgraded
                                                           BB+/Stable             from CRISIL
                                                                                  BBB-/Stable
Clear Secured Services Pvt Ltd          Rupee TL           CRISIL         20      Downgraded
                                                           BB+/Stable             from CRISIL
                                                                                  BBB-/Stable
Dynamic Flow Products Pvt Ltd           Foreign Bill       CRISIL         120     Reaffirmed
                                        Purchase           BB/Stable
Eastman Impex                           Export Packing     CRISIL         150     Upgraded from
                                        Credit             BB+/Stable             CRISIL
                                                                                  BB/Stable
Eastman Impex                           Proposed LT Bk     CRISIL         330     Upgraded from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BB/Stable
Ess Kay Fincorp Ltd - Ankur Oct 2019    Series A1 PTCs     Pro CRISIL AA  177.4   Assigned
                                                           (SO)
Ferrero Vinyl Technologies Pvt Ltd      CC                 CRISIL         40      Reaffirmed
                                                           BBB/Stable
Ferrero Vinyl Technologies Pvt Ltd      Proposed LT Bk     CRISIL         40      Reaffirmed
                                        Loan Fac           BBB/Stable
Ferrero Vinyl Technologies Pvt Ltd      TL                 CRISIL         24.1    Reaffirmed
                                                           BBB/Stable
Fresh Catch Exports                     Packing Credit     CRISIL         70      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Fresh Catch Exports                     TL                 CRISIL         70      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
G. Khanna and Company                   CC                 -              15      Withdrawn
G. Khanna and Company                   Foreign LOC        -              110     Withdrawn
G. Khanna and Company                   Proposed LT Bk     -              75      Withdrawn
                                        Loan Fac
Galaxy Office Automation Pvt Ltd        CC                 CRISIL         200     Reaffirmed
                                                           BBB/Stable
Genesis Colors Ltd                      Proposed WC Fac    CRISIL         450     Upgraded from
                                                           AA/Stable              CRISIL BBB
(Removed from Rating Watch with Positive Implications)
Genesis La Mode Pvt Ltd                 CC                 CRISIL         270     Upgraded from
                                                           AA/Stable              CRISIL BBB
(Removed from Rating Watch with Positive Implications)
Genesis La Mode Pvt Ltd                 Proposed LT Bk     CRISIL         50      Upgraded from
                                        Loan Fac           AA/Stable              CRISIL BBB
(Removed from Rating Watch with Positive Implications)
Genesis Luxury Fashion Pvt Ltd          CC                 CRISIL         280     Upgraded from
                                                           AA/Stable              CRISIL BBB
(Removed from Rating Watch with Positive Implications)
Genesis Luxury Fashion Pvt Ltd          Proposed LT Bk     CRISIL         40      Upgraded from
                                        Loan Fac           AA/Stable              CRISIL BBB
(Removed from Rating Watch with Positive Implications)
GLF Lifestyle Brands Pvt Ltd            CC                 CRISIL         30      Upgraded from
                                                           AA-/Stable             CRISIL BBB-
(Removed from Rating Watch with Positive Implications)
GLF Lifestyle Brands Pvt Ltd            Proposed LT Bk     CRISIL         30      Upgraded from
                                        Loan Fac           AA-/Stable             CRISIL BBB-
(Removed from Rating Watch with Positive Implications)
GML India Fashion Pvt Ltd               CC                 CRISIL AA-     20      Upgraded from
                                                                                  CRISIL BBB
(Removed from Rating Watch with Positive Implications)
GML India Fashion Pvt Ltd               Proposed LT Bk     CRISIL AA-     40      Upgraded from
                                        Loan Fac                                  CRISIL BBB
(Removed from Rating Watch with Positive Implications)
India Infoline Finance Ltd              LT Principal       Pro CRISIL     4000    Assigned
                                        Protected Market   PP-MLD AA+r
                                        Linked Debentures  (CE)/Stable
Innovative Tyres and Tubes Ltd          CC*                CRISIL         150     Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB+/Stable
*Includes sublimit of Rs 12.25 crore for export packing credit, packing credit in foreign
currency, foreign bill discounting and rediscounting of export bills abroad, and interchangeable
with letter of credit up to Rs 5.00 crore
Innovative Tyres and Tubes Ltd          LOC                CRISIL         25      Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB+/Stable
Innovative Tyres and Tubes Ltd          Standby Line of    CRISIL         10      Downgraded
                                        Credit#            BBB-/Stable            from CRISIL
                                                                                  BBB+/Stable
#Interchangeable with cash credit
Innovative Tyres and Tubes Ltd          TL                 CRISIL         86.2    Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB+/Stable
JBM Solar Energy Maharashtra Pvt Ltd    Proposed LT Bk     CRISIL         220     -
                                        Loan Fac           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
JBM Solar Energy Maharashtra Pvt Ltd    Rupee TL           CRISIL         2330    -
                                                           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
Jbm Solar Power Maharashtra Pvt Ltd     Proposed LT Bk     CRISIL         130     -
                                        Loan Fac           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
Jbm Solar Power Maharashtra Pvt Ltd     Rupee TL           CRISIL         1570    -
                                                           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
JBM Solar Power Pvt Ltd                 Overdraft          CRISIL         50      -
                                                           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
JBM Solar Power Pvt Ltd                 Proposed LT Bk     CRISIL         61.4    -
                                        Loan Fac           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
JBM Solar Power Pvt Ltd                 Rupee TL           CRISIL         588.6   -
                                                           A-/Stable
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
Jindal Polybuttons Pvt Ltd              CC                 CRISIL         40      Reaffirmed
                                                           BBB/Stable
Johal Carriers Pvt Ltd                  Proposed LT Bk     CRISIL         63      Downgraded
                                        Loan Fac           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
Johal Logistics Pvt Ltd                 Proposed LT Bk     CRISIL         30      Downgraded
                                        Loan Fac           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
Jyoti Strips Pvt Ltd                    CC                 CRISIL         470     Reaffirmed
                                                           BBB/Stable
Jyoti Strips Pvt Ltd                    LT Bk Fac          CRISIL         50      Reaffirmed
                                                           BBB/Stable
Jyoti Strips Pvt Ltd                    Proposed LT Bk     CRISIL         800     Reaffirmed
                                        Loan Fac           BBB/Stable
Kalyan Sarees                           CC                 CRISIL         400     Migrated from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Kalyan Sarees                           Proposed LT Bk     CRISIL         30      Migrated from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Kaynes Technology India Pvt Ltd         BG                 -              50      Withdrawn
Kaynes Technology India Pvt Ltd         Bill Discounting   -              100     Withdrawn
Kaynes Technology India Pvt Ltd         CC                 -              818.1   Withdrawn
Kaynes Technology India Pvt Ltd         LOC                -              100     Withdrawn
Kaynes Technology India Pvt Ltd         Packing Credit     -              100     Withdrawn
Kaynes Technology India Pvt Ltd         Bill Discounting   CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  BB/Negative
Kaynes Technology India Pvt Ltd         NCD                CRISIL D       170     Downgraded
                                                                                  from CRISIL
                                                                                  BB/Negative
Kaynes Technology India Pvt Ltd         TL                 CRISIL D       26.9    Downgraded
                                                                                  from CRISIL
                                                                                  BB/Negative
Kevin Dyes & Chemicals Pvt Ltd          Foreign Bill       CRISIL BB      72      Reaffirmed
                                        Discounting
Kevin Dyes & Chemicals Pvt Ltd          Proposed LT Bk     CRISIL BB      8       Reaffirmed
                                        Loan Fac
LE Marble Gallery Pvt Ltd               CC                 CRISIL         150     Reaffirmed
                                                           BB+/Stable
LE Marble Gallery Pvt Ltd               Proposed WC Fac    CRISIL         5       Reaffirmed
                                                           BB+/Stable
M. M. Automobiles                       CC                 CRISIL D       35      -
(Issuer Not Cooperating)
M. M. Automobiles                       Standby Line of    CRISIL D       5       -
                                        Credit
(Issuer Not Cooperating)
M.S.R Iron and Steel Industries India   CC                 CRISIL BB-     300     Assigned
Pvt Ltd
Maa Bhagwati Rice Mill                  CC                 CRISIL         65      -
                                                           B+/Stable
(Issuer Not Cooperating)
Maa Bhagwati Rice Mill                  Proposed LT Bk     CRISIL         49      -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Maa Joytara Rice Mill Pvt Ltd           CC                 CRISIL         44.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Maa Joytara Rice Mill Pvt Ltd           Proposed LT Bk     CRISIL         98.3    -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Maa Joytara Rice Mill Pvt Ltd           Standby LOC        CRISIL         5.5     -
                                                           B/Stable
(Issuer Not Cooperating)
Madhav Constructions                    Proposed LT Bk     CRISIL         20      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Magnewin Energy Pvt Ltd                 BG                 CRISIL D       2.5     -
(Issuer Not Cooperating)
Magnewin Energy Pvt Ltd                 CC                 CRISIL D       15      -
(Issuer Not Cooperating)
Magnewin Energy Pvt Ltd                 LOC                CRISIL D       15      -
(Issuer Not Cooperating)
Magnewin Energy Pvt Ltd                 LT Loan            CRISIL D       16.8    -
(Issuer Not Cooperating)
Magnewin Energy Pvt Ltd                 Standby Line of    CRISIL D       2       -
                                        Credit
(Issuer Not Cooperating)
Mahati Hydro Power Projects Pvt Ltd     TL                 CRISIL         280     Assigned
                                                           BBB/Stable
Mahati Hydro Power Vidharbha Pvt Ltd    LT Loan            CRISIL         1105.2  Assigned
                                                           BBB/Stable
Malganga Milk and Agro Products Pvt Ltd CC                 CRISIL         50      -
                                                           B/Stable
(Issuer Not Cooperating)
Malganga Milk and Agro Products Pvt Ltd Proposed LT Bk     CRISIL         30      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Malganga Milk and Agro Products Pvt Ltd TL                 CRISIL         60      -
                                                           B/Stable
(Issuer Not Cooperating)
Malhar Fashions India Pvt Ltd           Export Packing     CRISIL         37      Withdrawn
                                        Credit             B+/Stable
(Issuer Not Cooperating)
Malhar Fashions India Pvt Ltd           Foreign Bill       CRISIL         27      Withdrawn
                                        Purchase           B+/Stable
(Issuer Not Cooperating)
Malhar Fashions India Pvt Ltd           Proposed LT Bk     CRISIL         21      Withdrawn
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Maruti Educational Trust                TL                 CRISIL         82.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Meghalaya Cast and Alloys Pvt Ltd       CC                 CRISIL         60      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Meghalaya Cast and Alloys Pvt Ltd       TL                 CRISIL         19.1    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Merlon Infra Projects Pvt Ltd           Proposed LT Bk     CRISIL         30      Revised from
                                        Loan Fac           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Merlon Infra Projects Pvt Ltd           Secured Overdraft  CRISIL         30      Revised from
                                        Fac                B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Midaas Construction Company Pvt Ltd     CC                 CRISIL         55      -
                                                           B/Stable
(Issuer Not Cooperating)
Midaas Construction Company Pvt Ltd     Proposed LT Bk     CRISIL         21.5    -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Mistair Health And Hygiene Pvt Ltd      CC                 CRISIL         33      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Mistair Health And Hygiene Pvt Ltd      LT Loan            CRISIL         87      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Mistair Health And Hygiene Pvt Ltd      TL                 CRISIL         55      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
MJ and Sons Distilliery and Breweries   CC                 CRISIL         170     -
Pvt Ltd                                                    B-/Stable
(Issuer Not Cooperating)
MJ and Sons Distilliery and Breweries   LT Loan            CRISIL         380     -
Pvt Ltd                                                    B-/Stable
(Issuer Not Cooperating)
MJ and Sons Distilliery and Breweries   Proposed LT Bk     CRISIL         90      -
Pvt Ltd                                 Loan Fac           B-/Stable
(Issuer Not Cooperating)
Modern Grit Pvt Ltd                     CC                 CRISIL         60      -
                                                           B/Stable
(Issuer Not Cooperating)
Modern Grit Pvt Ltd                     Proposed LT Bk     CRISIL         27      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Modern Grit Pvt Ltd                     TL                 CRISIL         13      -
                                                           B/Stable
(Issuer Not Cooperating)
Mona Townships Pvt Ltd                  TL                 CRISIL         350     -
                                                           B/Stable
(Issuer Not Cooperating)
Moon Beverages Ltd                      Overdraft          CRISIL         250     Reaffirmed
                                                           A+/Stable
Moon Beverages Ltd                      TL                 CRISIL         630     Reaffirmed
                                                           A+/Stable
MPIL Steel Structures Ltd               Proposed WC Fac    CRISIL         3       Downgraded
                                                           BB+/Negative           from CRISIL
                                                                                  BBB-/Negative
MPIL Steel Structures Ltd               TL                 CRISIL         67      Downgraded
                                                           BB+/Negative           from CRISIL
                                                                                  BBB-/Negative
MPIL Steel Structures Ltd               CC                 CRISIL         110     Downgraded
                                                           BB+/Negative           from CRISIL
                                                           (Downgraded from CRISIBBB-/Negative
MPIL Steel Structures Ltd               Channel Financing  CRISIL         100     Downgraded
                                                           BB+/Negative           from CRISIL
                                                           (Downgraded from CRISIBBB-/Negative
MPR Projects Pvt Ltd                    CC                 CRISIL         10      -
                                                           B/Stable
(Issuer Not Cooperating)
MRG Fashions Pvt Ltd                    CC                 CRISIL         115     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Narayan Powertech Pvt Ltd               CC*                CRISIL         70      Migrated from
                                                           BBB+/Stable            CRISIL
                                                                                  BBB+/Stable
(Issuer Not Cooperating)/ *Packing credit facility of Rs 4 crore, Packing credit in foreign
currency facility of Rs 4 crore, Foreign Documentary Bills for purchase facility of Rs 2.5
crore, Letter of Credit facility of Rs 6 crore and Bank Guarantee facility of Rs 3 crore as a
sublimit of cash credit facility. 
Narayan Powertech Pvt Ltd               Proposed LT Bk     CRISIL         123     Migrated from
                                        Loan Fac           BBB+/Stable            CRISIL
                                                                                  BBB+/Stable
(Issuer Not Cooperating)
Neel Industries Pvt Ltd                 CC^^               CRISIL         60      -
                                                           A-/Negative
(Removed from 'Rating Watch with Developing Implications' ; Rating Reaffirmed)/
^^Interchangeable with working capital demand loan; changeable one-way with letter of credit and
bank guarantee (BG) 
Neel Industries Pvt Ltd                 Proposed LT Bk     CRISIL         40      -
                                        Loan Fac           A-/Negative
(Removed from Rating Watch with Developing Implications ; Rating Reaffirmed)
P P Rubber Products Pvt Ltd             CC                 CRISIL         125     -
                                                           B+/Stable
(Issuer Not Cooperating)
P. R. Packing Service                   Line of Credit     CRISIL         135     -
                                                           B/Stable
(Issuer Not Cooperating)
P. R. Packing Service                   Proposed LT Bk     CRISIL         35      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
P. R. Packing Service                   TL                 CRISIL         30      -
                                                           B/Stable
(Issuer Not Cooperating)
Paragon Knits Ltd                       Proposed LT Bk     CRISIL         1.4     Upgraded from
                                        Loan Fac           B-/Stable              CRISIL D
Paragon Knits Ltd                       TL                 CRISIL         258.6   Upgraded from
                                                           B-/Stable              CRISIL D
Paragon Knits Ltd                       CC                 CRISIL         70      Upgraded from
                                                           B-/Stable              CRISIL D
Pratibha Electrical Contractor LLP      BG                 -              130     Withdrawn
(Issuer Not Cooperating)
Pratibha Electrical Contractor LLP      CC                 -              65      Withdrawn
(Issuer Not Cooperating)
Pratibha Electrical Contractor LLP      Inland/Import LOC  -              30      Withdrawn
(Issuer Not Cooperating)
Pratibha Electrical Contractor LLP      LOC                -              20      Withdrawn
(Issuer Not Cooperating)
Pratibha Electrical Contractor LLP      Proposed LT Bk     -              5       Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Premier Marine Enterprises              Export Packing     CRISIL         45      Reaffirmed
                                        Credit             BB-/Stable
Premier Marine Enterprises              Foreign Bill       CRISIL         20      Reaffirmed
                                        Purchase           BB-/Stable
Premier Marine Enterprises              Proposed FB Bk     CRISIL         11      Reaffirmed
                                        Limits             BB-/Stable
Primuss Pipes & Tubes Ltd               CC                 CRISIL B+      65      Reaffirmed
Primuss Pipes & Tubes Ltd               Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Privilege Biksons Boilers Pvt Ltd       Proposed LT Bk     CRISIL         20      Revised from
                                        Loan Fac           B/Stable               CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Privilege Biksons Boilers Pvt Ltd       CC                 CRISIL         15      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Priyesh Agro Industries                 CC                 CRISIL D       100     -
(Issuer Not Cooperating)
Priyesh Agro Industries                 TL                 CRISIL D       10      -
(Issuer Not Cooperating)
Prudential Sugar Corporation Ltd        Proposed LT Bk     CRISIL C       200     -
                                        Loan Fac
(Issuer Not Cooperating)
Rama Steel Tubes Ltd                    BG                 CRISIL         150     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Rama Steel Tubes Ltd                    CC                 CRISIL         330     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Rama Steel Tubes Ltd                    LOC                CRISIL         180     Withdrawn
                                                           BB+/Stable
(Issuer Not Cooperating)
Ramesh Iron and Steel Company India Pvt CC                 CRISIL         700     Assigned
Ltd                                                        BB-/Stable
Rashi Resources Pvt Ltd                 CC                 CRISIL         50      Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB/Stable
Rashi Resources Pvt Ltd                 Proposed LT Bk     CRISIL         50      Downgraded
                                        Loan Fac           B+/Stable              from CRISIL
                                                                                  BB/Stable
RBA Textiles Pvt Ltd                    LT Loan            CRISIL         213.5   Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
RBA Textiles Pvt Ltd                    Proposed LT Bk     CRISIL         505.3   Upgraded from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  B+/Stable
RBA Textiles Pvt Ltd                    CC                 CRISIL         250     Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Redco Hotels Pvt Ltd                    Rupee TL           CRISIL         450     Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Rushabh Investment Pvt Ltd              CC                 CRISIL         65      Reaffirmed
                                                           BB-/Stable
S. K. Enterprises - Thane               CC                 CRISIL B-      75      Reaffirmed
S. K. Industries - Faridkot             CC                 CRISIL B       70      Reaffirmed
S. K. Industries - Faridkot             Cash TL            CRISIL B       9.2     Reaffirmed
S. K. Industries - Faridkot             Proposed TL        CRISIL B       0.8     Reaffirmed
S. K. Masala and Foods Ltd              CC                 CRISIL         56      -
                                                           B+/Stable
(Issuer Not Cooperating)
S. S. Engineers                         CC                 CRISIL         50      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
S.L.T. Packers                          CC                 CRISIL B       52.5    Reaffirmed
S.L.T. Packers                          Proposed LT Bk     CRISIL B       2.1     Reaffirmed
                                        Loan Fac
S.L.T. Packers                          TL                 CRISIL B       65.4    Reaffirmed
S.R Industries Ltd                      CC                 CRISIL D       180     -
(Issuer Not Cooperating)
S.R Industries Ltd                      LOC                CRISIL D       23.5    -
S.R Industries Ltd                      Proposed ST Bk     CRISIL D       8.4     -
                                        Loan Fac
S.R Industries Ltd                      Rupee TL           CRISIL D       158.6   -
S.R Industries Ltd                      Standby LOC        CRISIL D       4       -
Saatvik Green Energy Pvt Ltd            CC                 CRISIL         150     Assigned
                                                           BBB-/Stable
Saatvik Green Energy Pvt Ltd            LT Bk Fac          CRISIL         145     Assigned
                                                           BBB-/Stable
Sahu Agencies Pvt Ltd                   CC                 CRISIL         400     Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Sai Balaji Paraboiled Rice Mill         CC                 CRISIL         22.6    -
                                                           B-/Stable
(Issuer Not Cooperating)
Sai Balaji Paraboiled Rice Mill         TL                 CRISIL         27.5    -
                                                           B-/Stable
(Issuer Not Cooperating)
Sai Udyog                               CC                 CRISIL         12.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Sai Udyog                               TL                 CRISIL         52.5    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Sai Whitegold                           CC                 CRISIL         30      Reaffirmed
                                                           B+/Stable
Sai Whitegold                           TL                 CRISIL         40      Reaffirmed
                                                           B+/Stable
Salasar Balaji Cold Storage Pvt Ltd     Overdraft          CRISIL         95      -
                                                           B+/Stable
(Issuer Not Cooperating)
Salasar Balaji Cold Storage Pvt Ltd     Proposed Overdraft CRISIL         5       -
                                        Fac                B+/Stable
(Issuer Not Cooperating)
Salasarlene Dress Fab Pvt Ltd           CC                 CRISIL         90      -
                                                           B/Stable
(Issuer Not Cooperating)
Salasarlene Dress Fab Pvt Ltd           LT Loan            CRISIL         26      -
                                                           B/Stable
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            CC                 CRISIL         23      -
                                                           B/Stable
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            LT Loan            CRISIL         55      -
                                                           B/Stable
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            Overdraft          CRISIL         42      -
                                                           B/Stable
(Issuer Not Cooperating)
Salem Automech India Pvt Ltd            Proposed LT Bk     CRISIL         21.6    -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Sameera Hotels (Chennai) Pvt Ltd        LT Loan            CRISIL         260     -
                                                           B-/Stable
(Issuer Not Cooperating)
Sangita Sales Pvt Ltd                   CC                 CRISIL         310     Reaffirmed
                                                           BB-/Stable
Sanskriti Packaging Pvt Ltd             TL                 CRISIL         10.4    Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Sanskriti Packaging Pvt Ltd             CC                 CRISIL         100     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Santhigiri Ayurveda Siddha Vaidyasala   CC*                CRISIL         72      Reaffirmed
                                                           BB-/Stable
*Reduced to Rs 7.2 crore in fiscal 2019
Santhigiri Ayurveda Siddha Vaidyasala   LT Loan            CRISIL         10      Reaffirmed
                                                           BB-/Stable
Santhigiri Ayurveda Siddha Vaidyasala   Proposed LT Bk     CRISIL         8       Reaffirmed
                                        Loan Fac           BB-/Stable
Sar Transport Systems Pvt Ltd           CC                 CRISIL         100     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Saravanaa Projects & Co.                CC                 CRISIL B       60      Reaffirmed
Saravanaa Projects & Co.                LT Loan            CRISIL B       20      Reaffirmed
Savita Oil Technologies Ltd             CC                 CRISIL         600     Reaffirmed
                                                           AA-/Stable
Second Vivekananda Bridge Tollway       TL                 CRISIL         1415.6  Reaffirmed
Company Pvt Ltd                                            AA+/Stable
Second Vivekananda Bridge Tollway       NCD                CRISIL         1420    Reaffirmed
Company Pvt Ltd                                            AA+/Stable
Secutech Automation (India) Pvt Ltd     CC                 CRISIL         30      Reaffirmed
                                                           B-/Stable
Sh. Ransingh Bohra Fuels                CC                 CRISIL         80      -
                                                           B+/Stable
(Issuer Not Cooperating)
Shakti Mines and Minerals (A Unit of    CC                 CRISIL BB-     80      Upgraded from
Shakti Agencies Pvt Ltd)                                                          CRISIL
                                                                                  B+/Stable
Shakti Mines and Minerals (A Unit of    Proposed LT Bk     CRISIL BB-     50      Upgraded from
Shakti Agencies Pvt Ltd)                Loan Fac                                  CRISIL
                                                                                  B+/Stable
Shiv Lal Trading Co                     CC                 CRISIL         14      -
                                                           B/Stable
(Issuer Not Cooperating)
Shiv Lal Trading Co                     Warehouse Receipts CRISIL         80      -
                                                           B/Stable
(Issuer Not Cooperating)
Shiv Shakti Re-Rolling Mills Pvt Ltd    CC                 CRISIL B       85      Reaffirmed
Shiv Snax Pvt Ltd                       CC                 CRISIL         5       -
                                                           B/Stable
(Issuer Not Cooperating)
Shiv Snax Pvt Ltd                       Proposed LT Bk     CRISIL         50      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Shiv Snax Pvt Ltd                       TL                 CRISIL         25      -
                                                           B/Stable
(Issuer Not Cooperating)
Shree Baba Exports                      CC                 CRISIL         120     -
                                                           B/Stable
(Issuer Not Cooperating)
Shree Balaji Gum Industries             CC                 CRISIL         100     -
                                                           B/Stable
(Issuer Not Cooperating)
Shree Balaji Gum Industries             Proposed LT Bk     CRISIL         27.1    -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Shree Balaji Gum Industries             TL                 CRISIL         2.9     -
                                                           B/Stable
(Issuer Not Cooperating)
Shree Sharanam Real Estate Pvt Ltd      Overdraft          CRISIL         20      -
                                                           B/Stable
(Issuer Not Cooperating)
Shree Sharanam Real Estate Pvt Ltd      Proposed Overdraft CRISIL         20      -
                                        Fac                B/Stable
(Issuer Not Cooperating)
Shree Sharanam Real Estate Pvt Ltd      TL                 CRISIL         210     -
                                                           B/Stable
(Issuer Not Cooperating)
Shresid Interiors Pvt Ltd               CC                 CRISIL         35      -
                                                           B-/Stable
(Issuer Not Cooperating)
Siddhi Laxmi Motors                     CC                 CRISIL         80      -
                                                           B/Stable
(Issuer Not Cooperating)
Silvassa Bottling Company.              Proposed LT Bk     CRISIL BB      56.3    Assigned
                                        Loan Fac
Silvassa Bottling Company.              CC                 CRISIL BB      5       Assigned
Silvermoon Motors Pvt Ltd               Auto loans         CRISIL         6       -
                                                           B+/Stable
(Issuer Not Cooperating)
Silvermoon Motors Pvt Ltd               Drop Line          CRISIL         50      -
                                        Overdraft Fac      B+/Stable
(Issuer Not Cooperating)
Silvermoon Motors Pvt Ltd               Electronic Dealer  CRISIL         50      -
                                        Financing          B+/Stable
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Sindu Building Equipments Ltd           CC                 CRISIL         11.5    Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Sindu Building Equipments Ltd           LT Loan            CRISIL         25      Downgraded
                                                           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Sindu Building Equipments Ltd           Proposed LT Bk     CRISIL         30.3    Downgraded
                                        Loan Fac           BB-/Stable             from CRISIL
                                                                                  BB/Stable
Sindu Enterprises                       CC                 CRISIL         14      Downgraded
                                                           BB-/Stable             from CRISIL
                                                           (Downgraded from CRISIBB/Stable
Sindu Enterprises                       LT Loan            CRISIL         40      Downgraded
                                                           BB-/Stable             from CRISIL
                                                           (Downgraded from CRISIBB/Stable
Sindu Enterprises                       Proposed LT Bk     CRISIL         36      Downgraded
                                        Loan Fac           BB-/Stable             from CRISIL
                                                           (Downgraded from CRISIBB/Stable
SLR Construction Pvt Ltd                CC                 CRISIL         18      Reaffirmed
                                                           B+/Stable
SLR Construction Pvt Ltd                Proposed LT Bk     CRISIL         2       Reaffirmed
                                        Loan Fac           B+/Stable
Smart Agro Food Park Pvt Ltd            TL                 CRISIL         270     -
                                                           B/Stable
(Issuer Not Cooperating)
Sohoni Metal Craft Pvt Ltd              CC                 CRISIL         20      -
                                                           B/Stable
(Issuer Not Cooperating)
Sohoni Metal Craft Pvt Ltd              Standby Line of    CRISIL         3       -
                                        Credit             B/Stable
(Issuer Not Cooperating)
Solarium Ceramic Pvt Ltd                CC                 CRISIL         45      -
                                                           B/Stable
(Issuer Not Cooperating)
Solarium Ceramic Pvt Ltd                LT Loan            CRISIL         71      -
                                                           B/Stable
(Issuer Not Cooperating)
Sona Synthetics                         CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Sona Synthetics                         LT Loan            CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
SPS Yarns Pvt Ltd                       CC                 CRISIL         34.5    -
                                                           B-/Stable
(Issuer Not Cooperating)
SPS Yarns Pvt Ltd                       LT Loan            CRISIL         65.5    -
                                                           B-/Stable
(Issuer Not Cooperating)
Square Ceramic Pvt Ltd                  CC                 CRISIL         12.5    -
                                                           B-/Stable
(Issuer Not Cooperating)
Square Ceramic Pvt Ltd                  TL                 CRISIL         50      -
                                                           B-/Stable
(Issuer Not Cooperating)
Sree Rani Sati Overseas Pvt Ltd         CC                 CRISIL         118     Reaffirmed
                                                           B+/Stable
Sree Sankara National Institute of      Drop Line          CRISIL         110     -
Educational Trust                       Overdraft Fac      B/Stable
(Issuer Not Cooperating)
Sree Sankara National Institute of      LT Loan            CRISIL         30      -
Educational Trust                                          B/Stable
(Issuer Not Cooperating)
Sreenath Engg. Sales and Service Pvt LtdCC                 CRISIL         35      -
                                                           B/Stable
(Issuer Not Cooperating)
Sreenath Engg. Sales and Service Pvt LtdProposed LT Bk     CRISIL         5       -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Sri Rajalakshmi Saw Mill - Tirunelveli  CC                 CRISIL B       10      -
(Issuer Not Cooperating)
Sri Rama Pharmaceutical Distributors    CC                 CRISIL         150     -
                                                           B/Stable
(Issuer Not Cooperating)
Sri Sainatha Rice Industries            CC                 CRISIL         60      -
                                                           B/Stable
(Issuer Not Cooperating)
Sri Sainatha Rice Industries            LT Loan            CRISIL         40      -
                                                           B/Stable
(Issuer Not Cooperating)
ST Woven Bags Pvt Ltd                   CC                 CRISIL         25      -
                                                           B-/Stable
(Issuer Not Cooperating)
ST Woven Bags Pvt Ltd                   LT Loan            CRISIL         72      -
                                                           B-/Stable
(Issuer Not Cooperating)
Starlit Power Systems Ltd               Bill Discounting   CRISIL D       20      -
                                        under LOC
(Issuer Not Cooperating)
Starlit Power Systems Ltd               CC                 CRISIL D       98      -
(Issuer Not Cooperating)
Starlit Power Systems Ltd               Proposed LT Bk     CRISIL D       52.7    -
                                        Loan Fac
(Issuer Not Cooperating)
Starlit Power Systems Ltd               TL                 CRISIL D       79.3    -
(Issuer Not Cooperating)
Subhlaxmi Syntex Ltd                    CC                 CRISIL         130     Reaffirmed
                                                           BB+/Stable
Subhlaxmi Syntex Ltd                    Proposed LT Bk     CRISIL         2.3     Reaffirmed
                                        Loan Fac           BB+/Stable
Subhlaxmi Syntex Ltd                    TL                 CRISIL         106.7   Reaffirmed
                                                           BB+/Stable
Super Hoze Industries Pvt Ltd           CC                 CRISIL         25      -
                                                           B/Stable
(Issuer Not Cooperating)
Sure Cargo Control Pvt Ltd              Overdraft          CRISIL         10      -
                                                           B-/Stable
(Issuer Not Cooperating)
Sure Cargo Control Pvt Ltd              TL                 CRISIL         39      -
                                                           B-/Stable
(Issuer Not Cooperating)
SUS Agro Foods India Pvt Ltd            CC                 CRISIL         35      -
                                                           B/Stable
(Issuer Not Cooperating)
SUS Agro Foods India Pvt Ltd            Proposed LT Bk     CRISIL         2.2     -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
SUS Agro Foods India Pvt Ltd            TL                 CRISIL         82.8    -
                                                           B/Stable
(Issuer Not Cooperating)
Swaraj Synthetics Pvt Ltd               CC                 CRISIL         40      -
                                                           B/Stable
(Issuer Not Cooperating)
Swaraj Synthetics Pvt Ltd               TL                 CRISIL         24.2    -
                                                           B/Stable
(Issuer Not Cooperating)
Tara Sales Ltd                          CC                 CRISIL D       180     -
(Issuer Not Cooperating)
Teknoflow Green Equipments Pvt Ltd      CC                 CRISIL         37.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Teknoflow Green Equipments Pvt Ltd      TL                 CRISIL         95      -
                                                           B/Stable
(Issuer Not Cooperating)
Tentiwala Metal Products Ltd            BG                 CRISIL D       40      -
(Issuer Not Cooperating)
Tentiwala Metal Products Ltd            Overdraft          CRISIL D       173     -
(Issuer Not Cooperating)
Tentiwala Metal Products Ltd            TL                 CRISIL D       81.5    -
(Issuer Not Cooperating)
The Fabricators (India)                 CC                 CRISIL B       20      -
(Issuer Not Cooperating)
Times Ferro Alloys Pvt Ltd              CC                 CRISIL         259.6   -
                                                           B-/Stable
(Issuer Not Cooperating)
Times Ferro Alloys Pvt Ltd              Corporate Loan     CRISIL         44.7    -
                                                           B-/Stable
(Issuer Not Cooperating)
Times Ferro Alloys Pvt Ltd              Funded Interest TL CRISIL         18.9    -
                                                           B-/Stable
(Issuer Not Cooperating)
Times Ferro Alloys Pvt Ltd              TL                 CRISIL         24.9    -
                                                           B-/Stable
(Issuer Not Cooperating)
Times Ferro Alloys Pvt Ltd              WC TL              CRISIL         39.2    -
                                                           B-/Stable
(Issuer Not Cooperating)
Transnational                           CC                 CRISIL         25      -
                                                           B/Stable
(Issuer Not Cooperating)
Tricolite Electrical Industries Ltd     CC                 CRISIL         70      Reaffirmed
                                                           BB/Stable
Tricolite Electrical Industries Ltd     TL                 CRISIL         52      Reaffirmed
                                                           BB/Stable
Trident Metal Energy Pvt Ltd            CC                 CRISIL         32      -
                                                           B+/Stable
(Issuer Not Cooperating)
Trident Metal Energy Pvt Ltd            Proposed LT Bk     CRISIL         32      -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Trimurti Jewellers                      CC                 CRISIL         100     -
                                                           B/Stable
(Issuer Not Cooperating)
Trinity Global - Alappuzha              CC                 CRISIL B       110     -
(Issuer Not Cooperating)
Tuli Motors Pvt Ltd                     Proposed FB Bk     CRISIL         47      -
                                        Limits             B-/Stable
(Issuer Not Cooperating)
Tuli Motors Pvt Ltd                     WC Fac             CRISIL         18      -
                                                           B-/Stable
(Issuer Not Cooperating)
Tuli Motors Pvt Ltd                     WC Loan            CRISIL         60      -
                                                           B-/Stable
(Issuer Not Cooperating)
U4iC International Pvt Ltd              CC                 CRISIL         300     Reaffirmed
                                                           A-/Stable
Ujala Pumps Pvt Ltd                     CC                 CRISIL D       300     -
(Issuer Not Cooperating)
Ujala Pumps Pvt Ltd                     LOC                CRISIL D       180     -
(Issuer Not Cooperating)
Ujala Pumps Pvt Ltd                     Rupee TL           CRISIL D       70      -
(Issuer Not Cooperating)
United Wines                            CC                 CRISIL         450     Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
United Wines                            Proposed FB Bk     CRISIL         50      Revised from
                                        Limits             B+/Stable              CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Usha Cubals Pvt Ltd                     CC                 CRISIL D       120     -
(Issuer Not Cooperating)
Usha Cubals Pvt Ltd                     LT Loan            CRISIL D       80      -
(Issuer Not Cooperating)
V. N. Pethe Bros                        CC                 CRISIL         45.5    -
                                                           B/Stable
(Issuer Not Cooperating)
V. N. Pethe Bros                        TL                 CRISIL         14.5    -
                                                           B/Stable
(Issuer Not Cooperating)
V.M.S. Hospital                         LT Loan            CRISIL B-      270     -
(Issuer Not Cooperating)
V.S.Engineering Pvt Ltd                 CC                 CRISIL B       70      -
(Issuer Not Cooperating)
Vahini Poultries Pvt Ltd                CC                 CRISIL         50      -
                                                           B/Stable
(Issuer Not Cooperating)
Vahini Poultries Pvt Ltd                LT Loan            CRISIL         100     -
                                                           B/Stable
(Issuer Not Cooperating)
Vasavi Pipes Pvt Ltd                    CC                 CRISIL         50      -
                                                           B/Stable
(Issuer Not Cooperating)
Vasavi Pipes Pvt Ltd                    Proposed LT Bk     CRISIL         50      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
VBS Textiles Pvt Ltd                    CC                 CRISIL         30      -
                                                           B+/Stable
(Issuer Not Cooperating)
VBS Textiles Pvt Ltd                    LT Loan            CRISIL         410     -
                                                           B+/Stable
(Issuer Not Cooperating)
Veekesy Elastomers Pvt Ltd              CC                 CRISIL         160     Reaffirmed
                                                           A-/Stable
Veekesy Elastomers Pvt Ltd              Proposed LT Bk     CRISIL         20.1    Reaffirmed
                                        Loan Fac           A-/Stable
Veekesy Elastomers Pvt Ltd              TL                 CRISIL         80.2    Reaffirmed
                                                           A-/Stable
Veekesy Footcare India Pvt Ltd          CC                 CRISIL         170     Reaffirmed
                                                           A-/Stable
Veekesy Footcare India Pvt Ltd          LT Loan            CRISIL         10      Reaffirmed
                                                           A-/Stable
Veekesy Footcare India Pvt Ltd          TL                 CRISIL         11      Reaffirmed
                                                           A-/Stable
Veekesy Sandals India Pvt Ltd           CC                 CRISIL         140     Reaffirmed
                                                           A-/Stable
Veekesy Sandals India Pvt Ltd           LT Loan            CRISIL         27.5    Reaffirmed
                                                           A-/Stable
Veekesy Sandals India Pvt Ltd           Proposed CC Limit  CRISIL         20      Reaffirmed
                                                           A-/Stable
Veekesy Sandals India Pvt Ltd           Proposed LT Bk     CRISIL         75      Reaffirmed
                                        Loan Fac           A-/Stable
Veer Bundel Khand Press                 CC                 CRISIL         47.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Veer Bundel Khand Press                 Proposed LT Bk     CRISIL         2.5     -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Veeram Natural Products                 LT Loan            CRISIL         8       Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Veeram Natural Products                 Overdraft          CRISIL         42      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Venkata Krishna Constructions Pvt Ltd   CC                 CRISIL         2       -
                                                           B/Stable
(Issuer Not Cooperating)
Venkata Krishna Constructions Pvt Ltd   Proposed LT Bk     CRISIL         115     -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Vij Agro Exports Pvt Ltd                CC                 CRISIL         600     -
                                                           B/Stable
(Issuer Not Cooperating)
Vijayalakshmi Agencies                  CC                 CRISIL         37.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Vijayalakshmi Agencies                  Proposed LT Bk     CRISIL         12.5    -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Vijayant Agencies Pvt Ltd               CC                 CRISIL         40      -
                                                           B/Stable
(Issuer Not Cooperating)
Vijayant Agencies Pvt Ltd               Proposed CC Limit  CRISIL         50      -
                                                           B/Stable
(Issuer Not Cooperating)
Vijayant Agencies Pvt Ltd               Proposed LT Bk     CRISIL         10      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Vijex Vyapaar Pvt Ltd                   CC                 CRISIL         12      -
                                                           B/Stable
(Issuer Not Cooperating)
Vikas Cotton Industries Pvt Ltd         CC                 CRISIL         85      -
                                                           B/Stable
(Issuer Not Cooperating)
Vikas Cotton Industries Pvt Ltd         Proposed LT Bk     CRISIL         3       -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Vikas Cotton Industries Pvt Ltd         TL                 CRISIL         12      -
                                                           B/Stable
(Issuer Not Cooperating)
Vikas Home Furnishing                   CC                 CRISIL         26      -
                                                           B+/Stable
(Issuer Not Cooperating)
Vikas Home Furnishing                   Proposed LT Bk     CRISIL         44      -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Vikas Home Furnishing                   TL                 CRISIL         30      -
                                                           B+/Stable
(Issuer Not Cooperating)
Vinod H Patel                           CC                 CRISIL         42.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Vishal Surgical Equipment Co- New Delhi CC                 CRISIL B+      25.5    Revised from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Vishvas Ginning and Industries          CC                 CRISIL         120     Reaffirmed
                                                           BB/Stable
Vishvas Ginning and Industries          Proposed LT Bk     CRISIL         25      Reaffirmed
                                        Loan Fac           BB/Stable
Vishwas Milk Products Pvt Ltd           CC                 CRISIL         35      -
                                                           B+/Stable
(Issuer Not Cooperating)
Vishwas Milk Products Pvt Ltd           Proposed CC Limit  CRISIL         10      -
                                                           B+/Stable
(Issuer Not Cooperating)
Vishwas Milk Products Pvt Ltd           Proposed LT Bk     CRISIL         22.2    -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Vishwas Milk Products Pvt Ltd           TL                 CRISIL         17.8    -
                                                           B+/Stable
(Issuer Not Cooperating)
Viswabharathi Educational Society       BG                 CRISIL D       95      -
(Issuer Not Cooperating)
Viswabharathi Educational Society       LT Loan            CRISIL D       1550    -
(Issuer Not Cooperating)
Viswabharathi Educational Society       Proposed LT Bk     CRISIL D       16      -
                                        Loan Fac
(Issuer Not Cooperating)
Vizag Companys Steel                    CC                 CRISIL D       150     -
(Issuer Not Cooperating)
Vizag Companys Steel                    Proposed LT Bk     CRISIL D       30      -
                                        Loan Fac
(Issuer Not Cooperating)
VKC Footwear International Pvt Ltd      CC                 CRISIL         40      Reaffirmed
                                                           BBB/Stable
VKC Footwear International Pvt Ltd      Proposed LT Bk     CRISIL         110     Reaffirmed
                                        Loan Fac           BBB/Stable
Wilson Printcity Pvt Ltd                CC                 CRISIL         40      Reaffirmed
                                                           B+/Stable
Wilson Printcity Pvt Ltd                LT Loan            CRISIL         18      Reaffirmed
                                                           B+/Stable
Wilson Printcity Pvt Ltd                Proposed LT Bk     CRISIL         2       Reaffirmed
                                        Loan Fac           B+/Stable
Wilson Printcity Pvt Ltd                WC Fac             CRISIL         50      Reaffirmed
                                                           B+/Stable
Win power Infra Pvt Ltd                 CC                 CRISIL         60      Revised from
                                                           B+/Stable              CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Window Techs India Pvt Ltd              CC                 CRISIL         27.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Window Techs India Pvt Ltd              TL                 CRISIL         27.5    -
                                                           B/Stable
(Issuer Not Cooperating)
Woodville Palace Hotel                  TL                 CRISIL D       200     -
(Issuer Not Cooperating)
Wow Momo Foods Pvt Ltd                  CC                 CRISIL         100     Reaffirmed
                                                           BBB-/Stable
Wow Momo Foods Pvt Ltd                  LT Loan            CRISIL         600     Reaffirmed
                                                           BBB-/Stable
Xplore Lifestyle Solutions Pvt Ltd      CC                 CRISIL         35      -
                                                           B/Stable
(Issuer Not Cooperating)
Xplore Lifestyle Solutions Pvt Ltd      Proposed LT Bk     CRISIL         90      -
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Z Fashions                              CC                 CRISIL         50      -
                                                           B+/Stable
(Issuer Not Cooperating)
Z Fashions                              Proposed CC Limit  CRISIL         25      -
                                                           B+/Stable
(Issuer Not Cooperating)
Z Fashions                              Proposed LT Bk     CRISIL         25      -
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Zarina Leather Exports                  Bill Discounting   CRISIL         45      -
                                                           B/Stable
(Issuer Not Cooperating)
Zarina Leather Exports                  CC                 CRISIL         70      -
                                                           B/Stable
(Issuer Not Cooperating)
Zarina Leather Exports                  Proposed LT Bk     CRISIL         26      -
                                        Loan Fac           B/Stable
(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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