November 20, 2018 / 10:16 AM / in 4 months

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, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bharti Telecom Ltd                      CP Programme       CRISIL A1+     70000   Reaffirmed
Chola Spinning Mills Pvt Ltd            BG                 CRISIL A3      10      Reaffirmed
Fashion Matrix Overseas                 Packing Credit     CRISIL A4+     80      Reaffirmed
Innofab India Pvt Ltd                   BG                 CRISIL A4+     1       Assigned
Jet Granito Pvt Ltd                     BG                 CRISIL A4+     65      Reaffirmed
Kamala International Exim Pvt Ltd       Foreign Bill       CRISIL A1      5       Reaffirmed
                                        Discounting
Kamala International Exim Pvt Ltd       Foreign Exchange   CRISIL A1      46.5    Reaffirmed
                                        Forward
Kotak Mahindra Investments Ltd          CP Programme (IPO  CRISIL A1+     20000   Reaffirmed
                                        Financing)
Kotak Mahindra Investments Ltd          CP Programme       CRISIL A1+     55000   Reaffirmed
M K Aircon Systems Pvt Ltd              LOC & BG           CRISIL A4+     40      Reaffirmed
Migrated from CRISIL A4+ (Issuer Not Cooperating)
Maco Pvt Ltd                            Inland/Import LOC  CRISIL A4      7.5     -
Meenakshi Polymers Pvt Ltd              LOC & BG           CRISIL A2      90      -
Upgraded from CRISIL A3+
Olectra Greentech Ltd                   BG                 CRISIL A3      459.5   Reaffirmed
Olectra Greentech Ltd                   Foreign Exchange   CRISIL A3      13      Reaffirmed
                                        Forward
Olectra Greentech Ltd                   LOC                CRISIL A3      170     Reaffirmed
Olectra Greentech Ltd                   LOC*               CRISIL A3      500     Reaffirmed
*includes performance bank guarantee of Rs 10 crore as sub-limit of letter of credit facility
Olectra Greentech Ltd                   LOC^               CRISIL A3      500     Reaffirmed
^includes performance bank guarantee of Rs 10 crore and LOU for Buyers Credit
 of Rs 12.88 crore as sub-limits of letter of credit facility
Ozone Overseas Pvt Ltd                  BG                 CRISIL A2+     20      Reaffirmed
Ozone Overseas Pvt Ltd                  LOC                CRISIL A2+     130     Reaffirmed
Paras Defence and Space Technologies LtdPost Shipment      CRISIL A2      70      Assigned
                                        Credit
Paras Defence and Space Technologies LtdLoan Equivalent    CRISIL A2      33.5    Assigned
                                        Risk Limits
Paras Defence and Space Technologies LtdBG                 CRISIL A2      280     Assigned
Pavas Polychem Pvt Ltd                  LOC                CRISIL A4      90      Reaffirmed
Poddar Pigments Ltd                     LOC & BG           CRISIL A1      231.5   Reaffirmed
Ravi Foods Pvt Ltd                      BG                 CRISIL A1      50      Reaffirmed
Ravi Foods Pvt Ltd                      Inland/Import LOC  CRISIL A1      50      Reaffirmed
Ravi Foods Pvt Ltd                      Packing Credit in  CRISIL A1      250     Reaffirmed
                                        Foreign Currency
Rishi FIBC Solutions Pvt Ltd            BG                 CRISIL A1      30      Reaffirmed
Rishi FIBC Solutions Pvt Ltd            LOC                CRISIL A1      100     Assigned
S. M. Cylinders (Unit of S. M. Suger    BG                 CRISIL A4+     50      Reaffirmed
Pvt Ltd)
(Issuer Not Cooperating)
SAFA Constructions Pvt Ltd              BG                 CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Shelke Construction                     BG                 CRISIL A4      60      Reaffirmed
(Issuer Not Cooperating)
Shoeline                                Packing Credit     CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Shoeline                                Post Shipment      CRISIL A4      50      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Shree Shyam Impex                       LOC                CRISIL A4      42.5    Reaffirmed
(Issuer Not Cooperating)
Shrimati Urmila Devi Mehgaiya Paropkari BG                 CRISIL A4      50      Reaffirmed
Trust
(Issuer Not Cooperating)
Smart Card IT Solutions Ltd             BG                 CRISIL A4+     10      Reaffirmed
(Issuer Not Cooperating)
Smart Card IT Solutions Ltd             LOC                CRISIL A4+     36.5    Reaffirmed
(Issuer Not Cooperating)
Sreepathy Trust                         Overdraft          CRISIL A4      30      Reaffirmed
(Issuer Not Cooperating)
Sri Lakshmi Prabha Engineering          BG                 CRISIL A4      50      Reaffirmed
Industries Pvt Ltd
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   BG                 CRISIL A4      1.5     Reaffirmed
Mill Pvt Ltd
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   Derivatives Fac    CRISIL A4      14      Reaffirmed
Mill Pvt Ltd
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  BG                 CRISIL A3      45.5    -
Swami Palani Anadavar Spinners (India)  Gooptionally       CRISIL A4      40      Reaffirmed
Pvt Ltd                                 convertible
                                        debentures Loan
(Issuer Not Cooperating)
Symec Engineers India Pvt Ltd           BG                 CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)


LONG TERM RATINGS:
-------------------
Barnala Steel Industries Ltd            Bill Discounting   CRISIL D       50      -
                                        under LOC
(Issuer Not Cooperating), Downgraded from CRISIL B
Barnala Steel Industries Ltd            CC                 CRISIL D       600     -

(Issuer Not Cooperating), Downgraded from CRISIL B
Barnala Steel Industries Ltd            TL                 CRISIL D       60      -
(Issuer Not Cooperating), Downgraded from CRISIL B
Bharti Telecom Ltd                      Proposed LT Bk     CRISIL AA+     10000   Reaffirmed
                                        Loan Fac
Bharti Telecom Ltd                      NCD                CRISIL AA+     60000   Reaffirmed
Chola Spinning Mills Pvt Ltd            CC                 CRISIL BBB-    90      Reaffirmed
Chola Spinning Mills Pvt Ltd            TL                 CRISIL BBB-    100     Reaffirmed
Dukes Products India Ltd                CC                 CRISIL A       150     Reaffirmed
Eco Sand                                Secured Overdraft  CRISIL D       35.6    -
                                        Fac
Downgraded from CRISIL B (Issuer Not Cooperating)
Eco Sand                                TL                 CRISIL D       89.4    -
Downgraded from CRISIL B (Issuer Not Cooperating)
Fashion Matrix Overseas                 CC                 CRISIL BB+     50      Reaffirmed
Fashion Matrix Overseas                 Proposed TL        CRISIL BB+     168     Reaffirmed
Fashion Matrix Overseas                 Proposed WC Fac    CRISIL BB+     67      Reaffirmed
Fashion Matrix Overseas                 TL                 CRISIL BB+     85      Assigned
Holy Trinity Trust                      Rupee TL           CRISIL D       120     -
Downgraded from CRISIL BB- (Issuer Not Cooperating)
Innofab India Pvt Ltd                   CC                 CRISIL BB      59      Assigned
Jet Granito Pvt Ltd                     CC                 CRISIL BB+     170     -
Upgraded from CRISIL BB
Jet Granito Pvt Ltd                     TL                 CRISIL BB+     265     -
Upgraded from CRISIL BB
Kamala International Exim Pvt Ltd       Proposed LT Bk     CRISIL A       48.5    Reaffirmed
                                        Loan Fac
Kancheshwar Sugar Ltd                   CC                 CRISIL D       500     -
Downgraded from CRISIL B-
Kancheshwar Sugar Ltd                   TL                 CRISIL D       730     -
Downgraded from CRISIL B-
Kotak Mahindra Investments Ltd          Proposed LT Bk     CRISIL AAA     4500    Reaffirmed
                                        Loan Fac**
**Interchangeable with short term facilities
Kotak Mahindra Investments Ltd          WC Demand Loan     CRISIL AAA     10500   Reaffirmed
Kotak Mahindra Investments Ltd          NCD                CRISIL AAA     20000   Assigned
Kotak Mahindra Investments Ltd          NCDs               CRISIL AAA     32000   Assigned
Kotak Mahindra Investments Ltd          Subordinated Debt  CRISIL AAA     2000    Reaffirmed
                                        Issue
Kotak Mahindra Investments Ltd          LT Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   AAAr
                                        Linked Debentures
Lumax Gill-Austem Auto Technologies Pvt CC**               CRISIL BBB     90      -
Ltd
**Interchangeable with working capital demand loan, Sales bill discounting
 of Rs 5 crore, Bank guarantee of Rs 2 crore
Lumax Gill-Austem Auto Technologies Pvt Proposed LT Bk     CRISIL BBB     40      Reaffirmed
Ltd                                     Loan Fac
M K Aircon Systems Pvt Ltd              CC                 CRISIL BB-     50      Reaffirmed
Migrated from CRISIL BB- (Issuer Not Cooperating)
M. D. Suitings Pvt Ltd                  CC                 CRISIL BB      100     Reaffirmed
M. D. Suitings Pvt Ltd                  Standby Line of    CRISIL BB      5       Reaffirmed
                                        Credit
M. S. Ramaiah Foundation                CC/ Overdraft Fac  CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
M. S. Ramaiah Foundation                LT Loan            CRISIL D       125     Reaffirmed
(Issuer Not Cooperating)
M. S. Ramaiah Foundation                Proposed LT Bk     CRISIL D       190     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
M/s. S.N. Mohanty                       LT Loan            CRISIL BB+     27.7    Reaffirmed
(Issuer Not Cooperating)
M/s. S.N. Mohanty                       Proposed LT Bk     CRISIL BB+     68.3    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Maco Pvt Ltd                            Proposed LT Bk     CRISIL B+      12.5    -
                                        Loan Fac
Maco Pvt Ltd                            Secured Overdraft  CRISIL B+      60      -
                                        Fac
Mahadev Pulses Pvt Ltd                  CC                 CRISIL BB      60      Reaffirmed
Mahadev Pulses Pvt Ltd                  Proposed LT Bk     CRISIL BB      4       Reaffirmed
                                        Loan Fac
Mahotsav Creation Pvt Ltd               CC                 CRISIL BB-     197.5   Reaffirmed
Mahotsav Creation Pvt Ltd               Proposed LT Bk     CRISIL BB-     50      Reaffirmed
                                        Loan Fac
Meenakshi Polymers Pvt Ltd              LT Loan            CRISIL BBB+    80      -
Upgraded from CRISIL BBB
Olectra Greentech Ltd                   CC                 CRISIL BBB-    330     Reaffirmed
Olectra Greentech Ltd                   Proposed LT Bk     CRISIL BBB-    15.4    Reaffirmed
                                        Loan Fac
Olectra Greentech Ltd                   Standby Line of    CRISIL BBB-    20      Reaffirmed
                                        Credit
Ozone Overseas Pvt Ltd                  CC                 CRISIL A-      430     Reaffirmed
Paras Defence and Space Technologies LtdTL                 CRISIL BBB+    335.1   Assigned
Paras Defence and Space Technologies LtdProposed CC Limit  CRISIL BBB+    1.4     Assigned
Paras Defence and Space Technologies LtdCC                 CRISIL BBB+    310     Assigned
Pavas Polychem Pvt Ltd                  CC                 CRISIL B+      10      Reaffirmed
Poddar Pigments Ltd                     CC                 CRISIL A       150     Reaffirmed
Poddar Pigments Ltd                     Proposed LT Bk     CRISIL A       50      Reaffirmed
                                        Loan Fac
Power Link System Pvt Ltd               LT Loan            CRISIL BB+     98      Reaffirmed
(Issuer Not Cooperating)
PSN Motors Pvt Ltd                      CC                 CRISIL D       48      Reaffirmed
(Issuer Not Cooperating)
PSN Motors Pvt Ltd                      Overdraft          CRISIL D       7.5     Reaffirmed
(Issuer Not Cooperating)
PSN Motors Pvt Ltd                      Proposed LT Bk     CRISIL D       31.6    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
PSN Motors Pvt Ltd                      TL                 CRISIL D       2.9     Reaffirmed
(Issuer Not Cooperating)
Radhika Jewels                          CC                 CRISIL B       150     Reaffirmed
(Issuer Not Cooperating)
Ravi Foods Pvt Ltd                      CC                 CRISIL A       180     Reaffirmed
Ravi Foods Pvt Ltd                      Export Packing     CRISIL A       590     Reaffirmed
                                        Credit
Ravi Foods Pvt Ltd                      Proposed LT Bk     CRISIL A       120     Reaffirmed
                                        Loan Fac
Ravi Foods Pvt Ltd                      Standby FB Limits  CRISIL A       110     Reaffirmed
Ravi Foods Pvt Ltd                      WC Demand Loan     CRISIL A       150     Reaffirmed
Rishi FIBC Solutions Pvt Ltd            CC                 CRISIL A       700     Reaffirmed
Rishi FIBC Solutions Pvt Ltd            TL                 CRISIL A       758.4   Assigned
Rishi FIBC Solutions Pvt Ltd            Proposed LT Bk     CRISIL A       201.6   Assigned
                                        Loan Fac
RP Modern Rice Mill                     CC                 CRISIL B       12.5    Reaffirmed
(Issuer Not Cooperating)
RP Modern Rice Mill                     CC-Stock           CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
RP Modern Rice Mill                     Cash TL            CRISIL B       6       Reaffirmed
(Issuer Not Cooperating)
RP Modern Rice Mill                     Proposed LT Bk     CRISIL B       51.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S. M. Cylinders (Unit of S. M. Suger    CC                 CRISIL BB-     160     Reaffirmed
Pvt Ltd)
(Issuer Not Cooperating)
S. M. Cylinders (Unit of S. M. Suger    Standby Line of    CRISIL BB-     30      Reaffirmed
Pvt Ltd)                                Credit
(Issuer Not Cooperating)
S. R. S. Meditech Ltd                   CC                 CRISIL D       120     -
Downgraded from CRISIL B
S. R. S. Meditech Ltd                   LOC                CRISIL D       45      -
Downgraded from CRISIL B
S. R. S. Meditech Ltd                   LT Loan            CRISIL D       35      -
Downgraded from CRISIL B
S. R. S. Meditech Ltd                   Proposed LOC       CRISIL D       5.7     -
Downgraded from CRISIL B
S.G. Enterprises - Ranchi               CC                 CRISIL B       52.5    Reaffirmed
(Issuer Not Cooperating)
S.G. Enterprises - Ranchi               Proposed LT Bk     CRISIL B       47.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S.P. Sortex Rice Exports India Ltd      CC                 CRISIL B       144.5   Reaffirmed
(Issuer Not Cooperating)
S.P. Sortex Rice Exports India Ltd      Proposed LT Bk     CRISIL B       22.6    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
S.P. Sortex Rice Exports India Ltd      TL                 CRISIL B       32.9    Reaffirmed
(Issuer Not Cooperating)
SAFA Constructions Pvt Ltd              CC                 CRISIL B       55      Reaffirmed
(Issuer Not Cooperating)
SAFA Constructions Pvt Ltd              LT Loan            CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
SAFA Constructions Pvt Ltd              Standby Line of    CRISIL B       5       Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Sagar Business Pvt Ltd                  CC                 CRISIL B       180     Reaffirmed
(Issuer Not Cooperating)
SalaSaar Iron and Steels Pvt Ltd        CC                 CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
SalaSaar Iron and Steels Pvt Ltd        LT Loan            CRISIL B       90      Reaffirmed
(Issuer Not Cooperating)
Samaleswari Education Trust             Proposed LT Bk     CRISIL B-      98      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Samaleswari Education Trust             Rupee TL           CRISIL B-      80      Reaffirmed
(Issuer Not Cooperating)
SGC Logistic Solutions Ltd              CC                 CRISIL D       150     Reaffirmed
(Issuer Not Cooperating)
Shakambari Polymers Pvt Ltd             CC                 CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Shakambari Polymers Pvt Ltd             Foreign LOC        CRISIL B       5       Reaffirmed
(Issuer Not Cooperating)
Shakambari Polymers Pvt Ltd             LT Loan            CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Shanti Niketan Trust                    Overdraft          CRISIL D       6.5     Reaffirmed
(Issuer Not Cooperating)
Shanti Niketan Trust                    TL                 CRISIL D       65.3    Reaffirmed
(Issuer Not Cooperating)
Shelke Construction                     CC                 CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
Shivadarshan Agro Industries            CC                 CRISIL BB-     80      Reaffirmed
(Issuer Not Cooperating)
Shivadarshan Agro Industries            Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shivalik I.B. Automark Pvt Ltd          Electronic Dealer  CRISIL B       60      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Shivalik I.B. Automark Pvt Ltd          Inventory Funding  CRISIL B       40      Reaffirmed
                                        Fac
(Issuer Not Cooperating)
Shivram Synthetics Pvt Ltd              CC                 CRISIL BB      100     Reaffirmed
Shivram Synthetics Pvt Ltd              Standby Line of    CRISIL BB      5       Reaffirmed
                                        Credit
Shoeline                                Proposed LT Bk     CRISIL B       22.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shoeline                                TL                 CRISIL B       17.5    Reaffirmed
(Issuer Not Cooperating)
Shree Ganesh Cotex Pvt Ltd              CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Shree Ganesh Cotex Pvt Ltd              Proposed LT Bk     CRISIL B       68.6    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shree Ganesh Cotex Pvt Ltd              TL                 CRISIL B       21.4    Reaffirmed
(Issuer Not Cooperating)
Shree Manibhadra Food Product Pvt Ltd   CC                 CRISIL D       530     Reaffirmed
(Issuer Not Cooperating)
Shree Manibhadra Food Product Pvt Ltd   LOC                CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Shree Manibhadra Food Product Pvt Ltd   TL                 CRISIL D       25      Reaffirmed
(Issuer Not Cooperating)
Shree Radha Krishna Vinimay Pvt Ltd     CC                 CRISIL B       25      Reaffirmed
(Issuer Not Cooperating)
Shree Rajmoti Industries                CC                 CRISIL D       600     Reaffirmed
(Issuer Not Cooperating)
Shree Rajmoti Industries                Pledge Loan        CRISIL D       250     Reaffirmed
(Issuer Not Cooperating)
Shree Sai Marketing and Trading Co.     CC                 CRISIL B       150     Reaffirmed
(Issuer Not Cooperating)
Shree Shyam Impex                       CC                 CRISIL B       17.5    Reaffirmed
(Issuer Not Cooperating)
Shri Basava Textiles Ltd                LT Loan            CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
Shrimati Urmila Devi Mehgaiya Paropkari TL                 CRISIL C       10      Reaffirmed
Trust
(Issuer Not Cooperating)
Shyam Fibers                            CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Shyam Fibers                            LT Loan            CRISIL B       15.1    Reaffirmed
(Issuer Not Cooperating)
Shyam Fibers                            Proposed LT Bk     CRISIL B       10.9    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Smart Card IT Solutions Ltd             CC                 CRISIL BB      120     Reaffirmed
(Issuer Not Cooperating)
Smart Card IT Solutions Ltd             Standby Line of    CRISIL BB      13.5    Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Smart Card IT Solutions Ltd             TL                 CRISIL BB      320     Reaffirmed
(Issuer Not Cooperating)
SMSG Automart Pvt Ltd                   CC                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
SMSG Automart Pvt Ltd                   Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
SMSG Automart Pvt Ltd                   TL                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
SNG Packaging Pvt Ltd                   CC                 CRISIL B       1       Reaffirmed
(Issuer Not Cooperating)
SNG Packaging Pvt Ltd                   Proposed LT Bk     CRISIL B       39      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
SNG Packaging Pvt Ltd                   TL                 CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
Square Ten Developers                   Proposed TL        CRISIL B       400     Reaffirmed
(Issuer Not Cooperating)
Sravani Raw & Boiled Rice Mill          CC                 CRISIL B-      40      Reaffirmed
(Issuer Not Cooperating)
Sravani Raw & Boiled Rice Mill          LT Loan            CRISIL B-      20      Reaffirmed
(Issuer Not Cooperating)
Sravani Raw & Boiled Rice Mill          Proposed CC Limit  CRISIL B-      10      Reaffirmed
(Issuer Not Cooperating)
Sree Gokul`s Tiles Mart                 CC                 CRISIL B       42.5    Reaffirmed
(Issuer Not Cooperating)
Sree Gokul`s Tiles Mart                 LT Loan            CRISIL B       34.5    Reaffirmed
(Issuer Not Cooperating)
Sreepathy Trust                         Proposed LT Bk     CRISIL B       50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sreepathy Trust                         Proposed WC Fac    CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Sri Andal Azhagar Enterprises           CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Sri Andal Azhagar Enterprises           Proposed LT Bk     CRISIL B       10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Basaveshwara Rice Mill              CC/ Overdraft Fac  CRISIL B       120     Reaffirmed
(Issuer Not Cooperating)
Sri Basaveshwara Rice Mill              Proposed LT Bk     CRISIL B       10.1    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Basaveshwara Rice Mill              TL                 CRISIL B       15.6    Reaffirmed
(Issuer Not Cooperating)
Sri Gowri Cashews                       CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating)
Sri Gowri Cashews                       Proposed LT Bk     CRISIL B       5.1     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Gowri Cashews                       TL                 CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Sri Gurudeva Industries                 CC/ Overdraft Fac  CRISIL B       80      Reaffirmed
(Issuer Not Cooperating)
Sri Gurudeva Industries                 LT Loan            CRISIL B       26.5    Reaffirmed
(Issuer Not Cooperating)
Sri Gurudeva Industries                 Proposed LT Bk     CRISIL B       23.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Karigiri Food Industries            CC                 CRISIL B       150     Reaffirmed
(Issuer Not Cooperating)
Sri Karigiri Food Industries            Standby Line of    CRISIL B       20      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Sri Lakshmi Prabha Engineering          CC                 CRISIL B       30      Reaffirmed
Industries Pvt Ltd
(Issuer Not Cooperating)
Sri Lakshmi Prabha Engineering          Proposed LT Bk     CRISIL B       80      Reaffirmed
Industries Pvt Ltd                      Loan Fac
(Issuer Not Cooperating)
Sri Laxmi Enterprises                   CC                 CRISIL D       90      Reaffirmed
(Issuer Not Cooperating)
Sri Laxmi Enterprises                   LOC                CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Sri Laxmi Enterprises                   TL                 CRISIL D       7.5     Reaffirmed
(Issuer Not Cooperating)
Sri Nangali Agro Tech Pvt Ltd           CC                 CRISIL D       220     Reaffirmed
(Issuer Not Cooperating)
Sri Nangali Rice Mills Pvt Ltd          CC                 CRISIL D       540     Reaffirmed
(Issuer Not Cooperating)
Sri Nangali Rice Mills Pvt Ltd          TL                 CRISIL D       40      Reaffirmed
(Issuer Not Cooperating)
SRI Ram Enterprises - Vishakapatnam     TL                 CRISIL BB+     61.3    Assigned
SRI Ram Enterprises - Vishakapatnam     Proposed LT Bk     CRISIL BB+     8.7     Assigned
                                        Loan Fac
SRI Ram Enterprises - Vishakapatnam     Secured Overdraft  CRISIL BB+     30      Assigned
                                        Fac
Sri Saraswathi Educational Society -    LT Loan            CRISIL B       65      Reaffirmed
East Godavari
(Issuer Not Cooperating)
Sri Saraswathi Educational Society -    Secured Overdraft  CRISIL B       80      Reaffirmed
East Godavari                           Fac
(Issuer Not Cooperating)
Sri Sarvejana Cottons Pvt Ltd           CC                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
Sri Sarvejana Cottons Pvt Ltd           LT Loan            CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Sri Sarvejana Cottons Pvt Ltd           Proposed LT Bk     CRISIL B       35      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   CC                 CRISIL B       400     Reaffirmed
Mill Pvt Ltd
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   Export Packing     CRISIL B       260     Reaffirmed
Mill Pvt Ltd                            Credit
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   Key CC             CRISIL B       50      Reaffirmed
Mill Pvt Ltd
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   Proposed LT Bk     CRISIL B       95      Reaffirmed
Mill Pvt Ltd                            Loan Fac
(Issuer Not Cooperating)
Sri Satyanarayana Raw and Boiled Rice   TL                 CRISIL B       30      Reaffirmed
Mill Pvt Ltd
(Issuer Not Cooperating)
Sri Siva Stone Exports India Pvt Ltd    CC                 CRISIL B-      200     Reaffirmed
(Issuer Not Cooperating)
Subramaniam Bottles LLP                 CC                 CRISIL B       200     Reaffirmed
(Issuer Not Cooperating)
Sudisa Foundry Pvt Ltd                  CC                 CRISIL BBB-    33.5    -
Upgraded from CRISIL BB+
Sudisa Foundry Pvt Ltd                  LT Loan            CRISIL BBB-    180     -
Upgraded from CRISIL BB+
Sudisa Foundry Pvt Ltd                  Proposed LT Bk     CRISIL BBB-    21      Assigned
                                        Loan Fac
Upgraded from CRISIL BB+
Sukhmani Shikshan Sansthan              Proposed LT Bk     CRISIL B       134     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sulthan Retail LLP                      CC                 CRISIL B+      110     Reaffirmed
(Issuer Not Cooperating)
Sun Hospital Pvt Ltd                    CC                 CRISIL B+      25      Reaffirmed
(Issuer Not Cooperating)
Sun Hospital Pvt Ltd                    TL                 CRISIL B+      34.9    Reaffirmed
(Issuer Not Cooperating)
Sunprime Infratech Pvt Ltd              TL                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Super Seeds Pvt Ltd                     CC                 CRISIL B       150     Reaffirmed
(Issuer Not Cooperating)
Super Seeds Pvt Ltd                     TL                 CRISIL B       26      Reaffirmed
(Issuer Not Cooperating)
Supreme Knowledge Foundation            Proposed LT Bk     CRISIL B       64      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Supreme Knowledge Foundation            TL                 CRISIL B       32      Reaffirmed
(Issuer Not Cooperating)
Suvi International Pvt Ltd              CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Suvi International Pvt Ltd              Proposed LT Bk     CRISIL B       10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Suvi International Pvt Ltd              TL                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
Swami Palani Anadavar Spinners (India)  LT Loan            CRISIL B       8       Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Swami Palani Anadavar Spinners (India)  Overdraft          CRISIL B       70      Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Symec Engineers India Pvt Ltd           CC                 CRISIL B       9       Reaffirmed
(Issuer Not Cooperating)
T.K.Gurusamy Nadar And Sons Sri         CC                 CRISIL B       73      Reaffirmed
Koodalingam Pattu Centre Pvt Ltd
(Issuer Not Cooperating)
Tres Mercari Pvt Ltd                    LT Loan            CRISIL B       23.8    -
Downgraded from CRISIL B+
Tres Mercari Pvt Ltd                    Overdraft          CRISIL B       40      -
Downgraded from CRISIL B+
Umesh Mineral Industries Pvt Ltd        CC                 CRISIL B+      35      Assigned
Umesh Mineral Industries Pvt Ltd        Proposed LT Bk     CRISIL B+      25      Assigned
                                        Loan Fac
VK1 Expressway Pvt Ltd                  Proposed Overdraft CRISIL A-      460     Reaffirmed
                                        Fac
VK1 Expressway Pvt Ltd                  Rupee TL^          CRISIL A-      9810    Reaffirmed
^Includes a sub-limit of mobilisation advance bank guarantee of Rs 205 crore
--------------------------------------------------------------------------------------------
$: 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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