November 21, 2019 / 9:26 AM / 19 days ago

CRISIL ratings for Indian debt instruments-Nov 21

    Nov 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 20, 2019.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amsal Chem Pvt Ltd                      BG                 CRISIL A4+     5       Reaffirmed
Amsal Chem Pvt Ltd                      LOC                CRISIL A4+     50      Reaffirmed
Asset Engineers Pvt Ltd                 BG                 CRISIL A4      5       Reaffirmed
Bansal Ship Breakers Pvt Ltd            Foreign Exchange   CRISIL A4+     35      Migrated from
                                        Forward                                   CRISIL A3
(Issuer Not Cooperating)
Bansal Ship Breakers Pvt Ltd            Foreign LOC        CRISIL A4+     1540    Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Chemco Plastic Industries Pvt Ltd       BG                 CRISIL A2+     30      Reaffirmed
Chemco Plastic Industries Pvt Ltd       LOC                CRISIL A2+     155     Reaffirmed
Cogeme Precision Parts India Pvt Ltd    LOC                CRISIL A3      140     Downgraded
                                                                                  from CRISIL
                                                                                  A3+
(Issuer Not Cooperating)
Continental Warehousing Corporation     BG#                CRISIL A1      500     -
(Nhava Seva) Ltd
Continues on Rating Watch with Developing Implications,
#Fund-based sub-limit of Rs 40 crore
Deltron Electricals                     BG                 CRISIL A4+     30      Reaffirmed
Deltron Electricals                     LOC                CRISIL A4+     20      Reaffirmed
DTDC Express Ltd                        LOC & BG           CRISIL A2+     60      Reaffirmed
Eastman Exports Pvt Ltd                 Export Packing     CRISIL A4+     70      Reaffirmed
                                        Credit
Eastman Exports Pvt Ltd                 LOC                CRISIL A4+     22.1    Reaffirmed
Faujdar Construction Co                 BG                 CRISIL A4+     65      Reaffirmed
Faujdar Construction Co                 Overdraft          CRISIL A4+     20      Reaffirmed
Fluid Controls Pvt Ltd                  BG                 CRISIL A4+     45      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Fluid Controls Pvt Ltd                  Export Bill        CRISIL A4+     20      Migrated from
                                        Purchase                                  CRISIL A3
                                        -Discounting
(Issuer Not Cooperating)
GA Infra Pvt Ltd                        BG                 CRISIL A3+     624.5   CRISIL A3+
Gujarat Colourlam Pvt Ltd               BG                 CRISIL A4+     7.5     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Gupta Steel (Ship Breakers)             Foreign Exchange   CRISIL A4+     18      Migrated from
                                        Forward                                   CRISIL A3/
                                                                                  Stable
(Issuer Not Cooperating)
Gupta Steel (Ship Breakers)             Foreign LOC        CRISIL A4+     890     Migrated from
                                                                                  CRISIL A3/
                                                                                  Stable
(Issuer Not Cooperating)
HSN International                       LOC                CRISIL A4+     90      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
JSP Projects Pvt Ltd                    BG                 CRISIL A3+     1368.4  Reaffirmed
JSP Projects Pvt Ltd                    Proposed BG        CRISIL A3+     170     Reaffirmed
Manchester Textile Pvt Ltd              Proposed ST Bk     CRISIL A4+     10      CRISIL A4+
                                        Loan Fac
Manish Vinyls Pvt Ltd                   LOC                CRISIL A4+     180     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Nidhi Creative Infrastructure Pvt Ltd   BG                 CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
PCA Signages India Pvt Ltd              BG                 CRISIL A4+     20      Reaffirmed
PCA Signages India Pvt Ltd              Import LOC Limit   CRISIL A4+     20      Reaffirmed
Raj Corporation Ltd                     BG                 CRISIL A4+     765     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Raj Corporation Ltd                     Overdraft          CRISIL A4+     50      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Reproscan Tech Park Llp                 BG                 CRISIL A4+     80      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Samasta Microfinance Ltd                CP                 CRISIL A1+     5000    Reaffirmed
Shoe Variants Pvt Ltd                   LOC                CRISIL A4+     20      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Sorathia Velji Ratna & Co               BG                 CRISIL A4+     300     Migrated from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Steelfur System Pvt Ltd                 BG                 CRISIL A4+     26.5    Reaffirmed
Stylepondy Creative Constructions LLP   Proposed LOC       CRISIL A4      50      Withdrawn
Sunflag Iron and Steel Co.Ltd           LOC & BG           CRISIL A2+     3481    Reaffirmed
Sunray Tiles Pvt Ltd                    BG                 CRISIL A4+     15      Reaffirmed
Suyog Telematics Ltd                    BG                 CRISIL A3      30      Migrated from
                                                                                  CRISIL A3
                                                                                  /Stable
(Issuer Not Cooperating)
SVR Sea Foods Exports Pvt Ltd           BG                 CRISIL A4      1       Reaffirmed
SVR Sea Foods Exports Pvt Ltd           Standby Export     CRISIL A4      10      Reaffirmed
                                        Packing Credit
Taurus Food Exports                     Proposed ST Bk     CRISIL A4      100     Reaffirmed
                                        Loan Fac
Telangana Publications Pvt Ltd          BG                 CRISIL A4+     74      Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Telangana Publications Pvt Ltd          Foreign Exchange   CRISIL A4+     10.3    Migrated from
                                        Forward                                   CRISIL A3
(Issuer Not Cooperating)
Telangana Publications Pvt Ltd          LOC                CRISIL A4+     180     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)
Unique Industrial Handlers Pvt Ltd      BG                 CRISIL A4      385     Reaffirmed
Unique Industrial Handlers Pvt Ltd      LOC                CRISIL A4      15      Reaffirmed
Vijay Steel Corporation Pvt Ltd         LOC                CRISIL A4+     90      Reaffirmed
Vintek Circuits (India) Pvt Ltd         LOC                CRISIL A4+     200     Migrated from
                                                                                  CRISIL A3
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
A P Organics Ltd                        CC                 CRISIL         480     Reaffirmed
                                                           BBB/Stable
A P Organics Ltd                        LT Loan            CRISIL         30      Reaffirmed
                                                           BBB/Stable
A P Organics Ltd                        Proposed FB Bk     CRISIL         50      Reaffirmed
                                        Limits             BBB/Stable
A P Organics Ltd                        WC TL              CRISIL         120     Reaffirmed
                                                           BBB/Stable
Aakarshit Ice And Cold Storage Ltd      CC                 CRISIL         65      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Aakarshit Ice And Cold Storage Ltd      TL                 CRISIL         35      Withdrawn
                                                           B+/Stable
(Issuer Not Cooperating)
Agrocrops India Ltd                     CC                 CRISIL         90      Withdrawn
                                                           BB+/Stable
Agrocrops India Ltd                     Proposed LT Bk     CRISIL         30      Withdrawn
                                        Loan Fac           BB+/Stable
Allied Recycling Ltd                    CC                 CRISIL         150     Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Allied Recycling Ltd                    LT Loan            CRISIL         32.5    Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Allied Recycling Ltd                    Proposed CC Limit  CRISIL         100     Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Allied Recycling Ltd                    Proposed LT Bk     CRISIL         67.5    Upgraded from
                                        Loan Fac           BB/Stable              CRISIL
                                                                                  BB-/Stable
Alluri Sitarama Raju Educational SocietyRating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Amsal Chem Pvt Ltd                      CC                 CRISIL         85      Reaffirmed
                                                           BB-/Stable
Amsal Chem Pvt Ltd                      LT Loan            CRISIL         10      Reaffirmed
                                                           BB-/Stable
Amsal Chem Pvt Ltd                      Proposed LT Bk     CRISIL         38.9    Reaffirmed
                                        Loan Fac           BB-/Stable
Amsal Chem Pvt Ltd                      Standby Line of    CRISIL         10      Reaffirmed
                                        Credit             BB-/Stable
Angel Fibers Ltd                        BG                 CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Angel Fibers Ltd                        CC                 CRISIL D       70      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Angel Fibers Ltd                        LT Loan            CRISIL D       411     Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Asset Engineers Pvt Ltd                 CC                 CRISIL         10      Reaffirmed
                                                           B+/Stable
Asset Engineers Pvt Ltd                 Proposed LT Bk     CRISIL         29.2    Reaffirmed
                                        Loan Fac           B+/Stable
Asset Engineers Pvt Ltd                 Proposed WC Fac    CRISIL         13.2    Reaffirmed
                                                           B+/Stable
Asset Engineers Pvt Ltd                 TL                 CRISIL         37.6    Reaffirmed
                                                           B+/Stable
Bansal Ship Breakers Pvt Ltd            CC                 CRISIL         190     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Banswara Syntex Ltd                     Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Berger Becker Coatings Pvt Ltd          Fund & NFBL        CRISIL         900     Reaffirmed
                                                           A-/Stable
Berger Becker Coatings Pvt Ltd          Proposed LT Bk     CRISIL         100     Reaffirmed
                                        Loan Fac           A-/Stable
Capricorn Food Products India Ltd       Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Chandana Brothers Multicomplex Pvt Ltd  Proposed LT Bk     CRISIL         300     Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Chemco Plastic Industries Pvt Ltd       CC                 CRISIL         440     Reaffirmed
                                                           A-/Stable
Chemco Plastic Industries Pvt Ltd       Proposed TL        CRISIL         27.7    Reaffirmed
                                                           A-/Stable
Chemco Plastic Industries Pvt Ltd       TL                 CRISIL         347.3   Reaffirmed
                                                           A-/Stable
Cogeme Precision Parts India Pvt Ltd    LT Loan            CRISIL         170     Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Cogeme Precision Parts India Pvt Ltd    Proposed LT Bk     CRISIL         75      Downgraded
                                        Loan Fac           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Cogeme Precision Parts India Pvt Ltd    TL                 CRISIL         90      Downgraded
                                                           BBB-/Stable            from CRISIL
                                                                                  BBB/Stable
(Issuer Not Cooperating)
Continental Warehousing Corporation     CC**               CRISIL A       400     -
(Nhava Seva) Ltd
Continues on Rating Watch with Developing Implications
**Working capital demand loan sub-limit of Rs 40 crore
Continental Warehousing Corporation     Proposed LT Bk     CRISIL A       28.4    -
(Nhava Seva) Ltd                        Loan Fac
Continues on Rating Watch with Developing Implications
Continental Warehousing Corporation     TL                 CRISIL A       3940    -
(Nhava Seva) Ltd
Continues on Rating Watch with Developing Implications
Crane Betel Nut Powder Works            CC                 CRISIL         50      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Crane Betel Nut Powder Works            Proposed LT Bk     CRISIL         50      Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Deltron Electricals                     CC                 CRISIL         30      Reaffirmed
                                                           BB-/Stable
Down Town Charity Trust                 CC                 CRISIL         51.5    Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Down Town Charity Trust                 Proposed TL        CRISIL         84      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Down Town Charity Trust                 TL                 CRISIL         51      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
DTDC Express Ltd                        CC                 CRISIL         830     Reaffirmed
                                                           A-/Positive
Outlook revised from Stable
DTDC Express Ltd                        Proposed LT Bk     CRISIL         650     Reaffirmed
                                        Loan Fac           A-/Positive
Outlook revised from Stable
DTDC Express Ltd                        TL                 CRISIL         150     Reaffirmed
                                                           A-/Positive
Outlook revised from Stable
Eastman Exports Pvt Ltd                 WC Demand Loan     CRISIL         7.9     Reaffirmed
                                                           BB/Stable
Faujdar Construction Co                 TL                 CRISIL         2.1     Reaffirmed
                                                           BB/Stable
Faujdar Construction Co                 Proposed TL        CRISIL         22.9    Reaffirmed
                                                           BB/Stable
Fluid Controls Pvt Ltd                  CC                 CRISIL         93.5    Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Fluid Controls Pvt Ltd                  Proposed LT Bk     CRISIL         0.1     Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Fluid Controls Pvt Ltd                  TL                 CRISIL         9.4     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
GA Infra Pvt Ltd                        CC                 CRISIL         195     CRISIL
                                                           BBB/Stable             BBB/Stable
GA Infra Pvt Ltd                        LT Loan            CRISIL         97.7    CRISIL
                                                           BBB/Stable             BBB/Stable
Gilpin Tours and Travel Management      CC                 CRISIL         195     Reaffirmed
India Pvt Ltd                                              BB+/Stable
Gilpin Tours and Travel Management      Proposed CC Limit  CRISIL         5       Reaffirmed
India Pvt Ltd                                              BB+/Stable
Golden Falcon Industries Ltd            Drop Line          CRISIL         400     Migrated from
                                        Overdraft Fac      BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Gujarat Colourlam Pvt Ltd               CC                 CRISIL         180     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Gujarat Colourlam Pvt Ltd               Proposed LT Bk     CRISIL         7.5     Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Gujarat Colourlam Pvt Ltd               TL                 CRISIL         140     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Gupta Steel (Ship Breakers)             CC                 CRISIL         100     Migrated from
                                                           BB+/Stable             CRISIL BBB/
                                                                                  Stable
(Issuer Not Cooperating)
Gupta Steel (Ship Breakers)             Proposed LT Bk     CRISIL         7       Migrated from
                                        Loan Fac           BB+/Stable             CRISIL BBB/
                                                                                  Stable
(Issuer Not Cooperating)
HSN International                       CC                 CRISIL         60      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Jai Kumar Arun Kumar Pvt Ltd            CC                 CRISIL         104     Withdrawn
                                                           BB/Stable
(Issuer Not Cooperating)
Janki Dass Rice Mills                   CC                 CRISIL         150     Withdrawn
                                                           BB/Stable
Janki Dass Rice Mills                   Packing Credit     CRISIL         450     Withdrawn
                                                           BB/Stable
Janki Dass Rice Mills                   Warehouse Receipts CRISIL         120     Withdrawn
                                                           BB/Stable
JSP Projects Pvt Ltd                    CC                 CRISIL         350     Reaffirmed
                                                           BBB/Stable
JSP Projects Pvt Ltd                    LT Loan            CRISIL         91.6    Reaffirmed
                                                           BBB/Stable
JSP Projects Pvt Ltd                    Proposed CC Limit  CRISIL         20      Reaffirmed
                                                           BBB/Stable
Logon India Infrastructure Pvt Ltd      BG                 CRISIL D       31.1    Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Logon India Infrastructure Pvt Ltd      Proposed LT Bk     CRISIL D       288.6   Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Logon India Infrastructure Pvt Ltd      Secured Overdraft  CRISIL D       20      Downgraded
                                        Fac                                       from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Logon India Infrastructure Pvt Ltd      WC TL              CRISIL D       140.3   Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Manchester Textile Pvt Ltd              CC                 CRISIL         150     CRISIL
                                                           BB+/Stable             BB+/Stable
Manchester Textile Pvt Ltd              Proposed LT Bk     CRISIL         190     CRISIL
                                        Loan Fac           BB+/Stable             BB+/Stable
Manish Vinyls Pvt Ltd                   CC**               CRISIL         260     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating),**Both way 100% interchangeability with Packing Credit facility
Manish Vinyls Pvt Ltd                   Proposed LT Bk     CRISIL         185     Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Nidhi Creative Infrastructure Pvt Ltd   CC                 CRISIL         50      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Parag & Company                         CC                 CRISIL B       70      Reaffirmed
PCA Signages India Pvt Ltd              CC                 CRISIL         40      Upgraded from
                                                           BB/Stable              CRISIL
                                                                                  BB-/Stable
Prakrutees Infra Impex India Pvt Ltd    CC                 CRISIL         94      Reaffirmed
                                                           BB-/Stable
Prakrutees Infra Impex India Pvt Ltd    LT Loan            CRISIL         4       Reaffirmed
                                                           BB-/Stable
Prijai Heat Exchangers Pvt Ltd          CC                 CRISIL B/Stable100     Withdrawn
(Issuer Not Cooperating)
Prijai Heat Exchangers Pvt Ltd          LOC                CRISIL B/Stable70      Withdrawn
(Issuer Not Cooperating)
Prijai Heat Exchangers Pvt Ltd          LT Loan            CRISIL B/Stable18.3    Withdrawn
(Issuer Not Cooperating)
Prijai Heat Exchangers Pvt Ltd          Proposed LT Bk     CRISIL B/Stable138.7   Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Prijai Heat Exchangers Pvt Ltd          WC Demand Loan     CRISIL B/Stable23      Withdrawn
(Issuer Not Cooperating)
R N Bajaj Overseas                      Export Packing     CRISIL         200     Assigned
                                        Credit & Export    BBB-/Stable
                                        Bills Negotiation/Foreign Bill discounting
Raj Corporation Ltd                     CC                 CRISIL         50      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Redhu Farms Pvt Ltd                     CC                 CRISIL D       63.2    Assigned
Redhu Farms Pvt Ltd                     Funded Interest TL CRISIL D       10.1    Assigned
Redhu Farms Pvt Ltd                     WC TL              CRISIL D       166.7   Assigned
Reproscan Tech Park Llp                 CC                 CRISIL         100     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Reproscan Tech Park Llp                 LT Loan            CRISIL         700     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Reproscan Tech Park Llp                 Proposed LT Bk     CRISIL         133     Migrated from
                                        Loan Fac           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Reproscan Tech Park Llp                 TL                 CRISIL         1237    Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Ricela Health Foods Ltd                 CC                 CRISIL         1450    Reaffirmed
                                                           BBB/Stable
Ricela Health Foods Ltd                 LT Loan            CRISIL         118.7   Reaffirmed
                                                           BBB/Stable
Ricela Health Foods Ltd                 Proposed CC Limit  CRISIL         150     Reaffirmed
                                                           BBB/Stable
Ricela Health Foods Ltd                 Proposed FB Bk     CRISIL         413.8   Reaffirmed
                                        Limits             BBB/Stable
Ricela Health Foods Ltd                 Proposed LT Bk     CRISIL         67.5    Reaffirmed
                                        Loan Fac           BBB/Stable
Samasta Microfinance Ltd                Proposed LT Bk     CRISIL         350.5   Reaffirmed
                                        Loan Fac           A+/Stable
Samasta Microfinance Ltd                TL                 CRISIL         8369.5  Reaffirmed
                                                           A+/Stable
Samasta Microfinance Ltd                NCD                CRISIL         1500    Reaffirmed
                                                           A+/Stable
Samasta Microfinance Ltd                LT Principal       CRISIL PP-MLD  3000    Reaffirmed
                                        Protected Market   A+r/Stable
                                        Linked Debentures
Samasta Microfinance Ltd                Principal          CRISIL PP-MLD  1000    Reaffirmed
                                        Protected Market   A+r/Stable
                                        Linked Non-Convertible 
                                        Subordinated 
                                        Debentures
Saroj Tradecom Pvt Ltd                  CC                 CRISIL         95      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shiva Protein Products Pvt Ltd          CC                 CRISIL         230     Reaffirmed
                                                           BB/Stable
Shiva Protein Products Pvt Ltd          Proposed CC Limit  CRISIL         20      Reaffirmed
                                                           BB/Stable
Shiva Protein Products Pvt Ltd          Warehouse Receipts CRISIL         500     Reaffirmed
                                                           BB/Stable
Shiva Shakti Industries                 CC                 CRISIL         80      Assigned
                                                           BB-/Stable
Shoe Variants Pvt Ltd                   CC                 CRISIL         40      Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shoe Variants Pvt Ltd                   Proposed LT Bk     CRISIL         5.5     Migrated from
                                        Loan Fac           BB-/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shoe Variants Pvt Ltd                   TL                 CRISIL         4.5     Migrated from
                                                           BB-/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shree Gurudatta Shikshan Sanstha        CC                 CRISIL         40      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shree Gurudatta Shikshan Sanstha        Rupee TL           CRISIL         40      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Shree Ram Cotex                         CC                 CRISIL         60      Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B/Stable
Shree Ram Cotex                         TL                 CRISIL         27.5    Downgraded
                                                           B-/Stable              from CRISIL
                                                                                  B/Stable
Somal Pipes Pvt Ltd                     CC/ Overdraft Fac  CRISIL         37      Assigned
                                                           BB-/Stable
Sriaqua SeaFoods                        Proposed LT Bk     CRISIL         50      Assigned
                                        Loan Fac           B+/Stable
Steelfur System Pvt Ltd                 CC                 CRISIL         25      Reaffirmed
                                                           BB-/Stable
Steelfur System Pvt Ltd                 LT Loan            CRISIL         45.4    Reaffirmed
                                                           BB-/Stable
Steelfur System Pvt Ltd                 Proposed LT Bk     CRISIL         10.6    Reaffirmed
                                        Loan Fac           BB-/Stable
Steelfur System Pvt Ltd                 WC Demand Loan     CRISIL         2.5     Reaffirmed
                                                           BB-/Stable
Stylepondy Creative Constructions LLP   Proposed CC Limit  CRISIL B/Stable60      Withdrawn
Sunflag Iron and Steel Co.Ltd           CC                 CRISIL A-      4070.7  Reaffirmed
Sunflag Iron and Steel Co.Ltd           TL                 CRISIL A-      3795.8  Reaffirmed
Sunray Tiles Pvt Ltd                    CC                 CRISIL         60      Reaffirmed
                                                           BB-/Stable
Sunray Tiles Pvt Ltd                    Proposed LT Bk     CRISIL         75      Reaffirmed
                                        Loan Fac           BB-/Stable
Suyog Telematics Ltd                    TL                 CRISIL         870     Migrated from
                                                           BBB-/Negative          CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
SVR Sea Foods Exports Pvt Ltd           Export Packing     CRISIL         89      Reaffirmed
                                        Credit             B+/Stable
Swathi Cotgin (Tmc) Pvt Ltd             CC                 CRISIL B/Stable198     Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Swathi Cotgin (Tmc) Pvt Ltd             LT Loan            CRISIL B/Stable82      Migrated from
                                                                                  CRISIL D
(Issuer Not Cooperating)
Swathi Cotgin (Tmc) Pvt Ltd             Proposed LT Bk     CRISIL B/Stable50      Migrated from
                                        Loan Fac                                  CRISIL D
(Issuer Not Cooperating)
Taurus Food Exports                     Open CC            CRISIL         150     Reaffirmed
                                                           B+/Stable
Taurus Food Exports                     Proposed LT Bk     CRISIL         25      Reaffirmed
                                        Loan Fac           B+/Stable
Taurus Food Exports                     Secured Overdraft  CRISIL         25      Reaffirmed
                                        Fac                B+/Stable
Telangana Publications Pvt Ltd          CC                 CRISIL         50      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Telangana Publications Pvt Ltd          Foreign LOC        CRISIL         416     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Telangana Publications Pvt Ltd          TL                 CRISIL         9.9     Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
UltraTech Cement Ltd                    CP                 CRISIL         35000   Reaffirmed
                                                           A1+/Stable
UltraTech Cement Ltd                    External           CRISIL         10126.4 Reaffirmed
                                        Commercial         AAA/Stable
                                        Borrowings
UltraTech Cement Ltd                    Proposed LT Bk     CRISIL         6983.6  Reaffirmed
                                        Loan Fac           AAA/Stable
UltraTech Cement Ltd                    Rupee TL           CRISIL         114890  Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         2500    Assigned
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         2500    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         3600    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         2500    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         1750    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         3000    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         5000    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         6500    Reaffirmed
                                                           AAA/Stable
UltraTech Cement Ltd                    NCD                CRISIL         3000    Reaffirmed
                                                           AAA/Stable
Unique Industrial Handlers Pvt Ltd      CC                 CRISIL B/Stable75      Downgraded
                                                                                  from CRISIL
                                                                                  B+/Stable
Unique Industrial Handlers Pvt Ltd      Proposed FB Bk     CRISIL B/Stable75      Downgraded
                                        Limits                                    from CRISIL
                                                                                  B+/Stable
V. P. M. Sankar and Son                 CC                 CRISIL         75      Reaffirmed
                                                           B+/Stable
Vacmet India Ltd                        External           CRISIL         1230    Migrated from
                                        Commercial         BB+/Stable             CRISIL
                                        Borrowings#                               BBB+/Positive
(Issuer Not Cooperating),#$19 million at Rs.64.73 Rs/$
Vacmet India Ltd                        Line of Credit&^   CRISIL         2950    Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB+/Positive
(Issuer Not Cooperating),^Interchangeable with Bank guarantee to an extent of Rs.30
crs,&Interchangeable with Letter of credit to an extent of Rs.250 crs
Vacmet India Ltd                        Rupee TL           CRISIL         182.5   Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB+/Positive
(Issuer Not Cooperating)
Vijay Steel Corporation Pvt Ltd         CC                 CRISIL         42.5    Reaffirmed
                                                           BB/Stable
Vintek Circuits (India) Pvt Ltd         CC                 CRISIL         20      Migrated from
                                                           BB+/Stable             CRISIL
                                                                                  BBB-/Stable
(Issuer Not Cooperating)
Worldwide Safety Pvt Ltd                Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)
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