November 23, 2018 / 5:56 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Nov 23

    Nov 23 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 22, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Bajaj Housing Finance Ltd               CP                 CRISIL A1+     40000   Reaffirmed
(Enhanced from Rs.3000 Crore) 
Bharti Airtel Ltd                       CP                 CRISIL A1+     100000  Reaffirmed
(Enhanced form Rs.6000 Crore)
Bhoorathnom Construction Company Pvt LtdBG                 CRISIL A4      720     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Coal Mines Associated Traders Pvt Ltd   BG                 CRISIL A3      239.5   Reaffirmed
Coal Mines Associated Traders Pvt Ltd   LOC & BG           CRISIL A3      295     Reaffirmed
Darshan Extrusions Pvt Ltd              LOC                CRISIL A4+     40      Assigned
Deluxe Petrochem Pvt Ltd                LOC                CRISIL A4+     67.5    Assigned
Deluxe Sales Corporation                Letter Of GuaranteeCRISIL A4+     1       Assigned
Deluxe Sales Corporation                LOC                CRISIL A4+     89      Assigned
Five Star Builders                      BG                 CRISIL A4      40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Five Star Builders                      Overdraft          CRISIL A4      30      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Himgiri Castings Pvt Ltd                BG                 CRISIL A2      15      Reaffirmed
IDBI Bank Ltd                           CD Programme       CRISIL A1+     400000  Reaffirmed
Innovative Interiors Pvt Ltd            BG                 CRISIL A4+     20      Reaffirmed
J. P. C. Enterprises                    Proposed LOC       CRISIL A4+     30      Assigned
J. P. C. Enterprises                    BG                 CRISIL A4+     20      Assigned
J.R.D. International Ltd                Proposed ST Bk     CRISIL A4      90      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Jain Granimarmo Pvt Ltd                 BG                 CRISIL A4      2       Assigned
Joygopal Food Products Pvt Ltd          BG                 CRISIL A4      10      Assigned
JSW Vallabh Tinplate Pvt Ltd            BG                 CRISIL A3+     10      -
(Continues on Rating Watch with Developing Implications)
Lakshman Tools Pvt Ltd                  LOC                CRISIL A4      10      Assigned
Lakshman Tools Pvt Ltd                  Bill Discounting   CRISIL A4      5       Assigned
                                        under LOC
Lakshmi Infrastructure and Developers   BG                 CRISIL A4      90      Reaffirmed
India Pvt Ltd
Laxmi Narain Infrabuild Pvt Ltd         BG                 CRISIL A4      30      Assigned
OM Construction                         Proposed ST Bk     CRISIL A4+     37.5    Assigned
                                        Loan Fac
OM Construction                         BG                 CRISIL A4+     30      Assigned
Prakasam Heavy Engineering Pvt Ltd      BG                 CRISIL A4      225     Rating
                                                                                  Migrated*
 
Prathiba Developers Pvt Ltd             BG                 CRISIL A4+     33.7    Assigned
Ram Fashion Exports Pvt Ltd             Packing Credit     CRISIL A4+     800     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Rasun Exports Pvt Ltd                   Packing Credit     CRISIL A4      115     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Rays Power Infra Pvt Ltd                BG                 CRISIL A2      670     Reaffirmed
Rays Power Infra Pvt Ltd                LOC & BG           CRISIL A2      320     Reaffirmed
Rays Power Infra Pvt Ltd                Proposed BG        CRISIL A2      610     Reaffirmed
Royal Pressing and Components - KashipurLOC                CRISIL A4+     15      Assigned
Sadanand Gupta                          BG                 CRISIL A4+     150     Reaffirmed
Scotlane Ceramics                       BG                 CRISIL A4      3.3     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shakti Opto-Telelinks                   BG                 CRISIL A4      20      Assigned
Shree Roshan Rice Industries            BG                 CRISIL A4      10      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shukan Micro Mineral LLP                BG                 CRISIL A4      6       Reaffirmed
Singhal Builders                        BG                 CRISIL A4+     100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Sir.M. Visvesvaraya Education Trust     Overdraft          CRISIL A4+     110     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Susee Polymers Pvt Ltd                  BG                 CRISIL A4      2       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Tirumala Automotives                    BG                 CRISIL A4      31.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vijas Digital India Pvt Ltd             BG                 CRISIL A4      6       Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Vijaya Ferlloys                         LOC                CRISIL A4      10      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd  BG                 CRISIL A3      510.6   Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Inland/Import LOC  CRISIL A3      98      Reaffirmed

Waris Buildcon India Pvt Ltd            BG                 CRISIL A4+     142     Assigned
Yak Granite Industries Pvt Ltd          BG                 CRISIL A4      2.5     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Yak Granite Industries Pvt Ltd          LOC                CRISIL A4      2.5     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   BG                 CRISIL A4+     5       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   Import LOC Limit   CRISIL A4+     60      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------
IDBI Bank Ltd                           FD Programme       FAA            -       Reaffirmed

LONG TERM RATINGS:
-------------------
Akshaj Ispat Llp                        CC                 CRISIL B+      65      Assigned
Akshaj Ispat Llp                        Proposed CC Limit  CRISIL B+      85      Assigned
Bajaj Housing Finance Ltd               CC & WC demand loanCRISIL AAA     2000    Reaffirmed
Bajaj Housing Finance Ltd               Proposed LT Bk     CRISIL AAA     41500   Reaffirmed
                                        Loan Fac*
*Interchangeable with short-term bank facilities
Bajaj Housing Finance Ltd               TL                 CRISIL AAA     6500    Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     20000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     20000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     10000   Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     5000    Reaffirmed
Bajaj Housing Finance Ltd               NCD                CRISIL AAA     15000   Reaffirmed
Bajaj Housing Finance Ltd               Subordinated Debt  CRISIL AAA     5000    Reaffirmed
Balaji Agritrade Pvt Ltd                Rupee TL           CRISIL D       120     Downgraded
                                                                                  from CRISIL B
Bharti Airtel Ltd                       Proposed LT Bk     CRISIL AA      200000  Reaffirmed
                                        Loan Fac
Bharti Airtel Ltd                       NCD                CRISIL AA      30000   Reaffirmed
Bharti Airtel Ltd                       NCD                CRISIL AA      2725    Reaffirmed
Bhoorathnom Construction Company Pvt LtdCC                 CRISIL B-      140     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Bhoorathnom Construction Company Pvt LtdProposed LT Bk     CRISIL B-      77.8    Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Bhoorathnom Construction Company Pvt LtdSecured Overdraft  CRISIL B-      20      Rating
                                        Fac                                       Migrated*
(Issuer Not Cooperating)
Bhoorathnom Construction Company Pvt LtdTL                 CRISIL B-      42.2    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Charisma Goldwheels Pvt Ltd             CC                 CRISIL BB-     60      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Charisma Goldwheels Pvt Ltd             Inventory Funding  CRISIL BB-     80      Rating
                                        Fac                                       Migrated*
(Issuer Not Cooperating)
Coal Mines Associated Traders Pvt Ltd   CC                 CRISIL BBB-    230     Reaffirmed
Coal Mines Associated Traders Pvt Ltd   LT Loan            CRISIL BBB-    49      Reaffirmed
Coal Mines Associated Traders Pvt Ltd   Proposed FB Bk     CRISIL BBB-    114.9   Reaffirmed
                                        Limits
Darshan Extrusions Pvt Ltd              TL                 CRISIL BB-     45      Assigned
Darshan Extrusions Pvt Ltd              Proposed WC Fac    CRISIL BB-     20      Assigned
Darshan Extrusions Pvt Ltd              CC                 CRISIL BB-     75      Assigned
Delta Sugars Ltd                        CC                 CRISIL B-      600     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Delta Sugars Ltd                        TL                 CRISIL B-      30      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Deluxe Petrochem Pvt Ltd                CC                 CRISIL BB-     32.5    Assigned
Deluxe Sales Corporation                CC                 CRISIL BB-     35      Assigned
Designmate India Pvt Ltd                Overdraft          CRISIL B-      110     Upgraded from
                                                                                  CRISIL D
Five Star Builders                      CC                 CRISIL B-      5       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Five Star Builders                      Proposed LT Bk     CRISIL B-      5       Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Global Steel Company                    BG                 CRISIL D       10      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Global Steel Company                    LOC                CRISIL D       20      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Global Steel Company                    LT Loan            CRISIL D       30      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Global Steel Company                    Overdraft          CRISIL D       100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Grand Motors Sales and Services Pvt Ltd CC                 CRISIL B+      230     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Grand Motors Sales and Services Pvt Ltd Inventory Funding  CRISIL B+      20      Rating
                                        Fac                                       Migrated*
(Issuer Not Cooperating)
Gupta Entertainments Pvt Ltd            LT Loan            CRISIL B+      95      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Gyan Sagar Foundation                   Proposed LT Bk     CRISIL BB+     200     Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Gyan Sagar Foundation                   TL                 CRISIL BB+     550     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Himgiri Castings Pvt Ltd                CC                 CRISIL BBB+    75      Reaffirmed
HVR Industries Pvt Ltd                  TL                 CRISIL BB-     21      Assigned
HVR Industries Pvt Ltd                  CC                 CRISIL BB-     18      Assigned
HVR Industries Pvt Ltd                  Proposed FB Bk     CRISIL BB-     31      Assigned
                                        Limits
IDBI Bank Ltd                           Upper Tier-II      CRISIL A-      36362   Downgraded
                                        Bonds (Under Basel                        from CRISIL A
                                        II)
(Placed on Rating Watch with Developing Implications)
IDBI Bank Ltd                           Tier-I Perpetual   CRISIL A-      27088   Downgraded
                                        Bonds (Under                              from CRISIL A
                                        Basel II)
(Placed on Rating Watch with Developing Implications)
IDBI Bank Ltd                           Tier II Bonds      CRISIL A+      20000   Reaffirmed
                                        (Under Basel III)
IDBI Bank Ltd                           Infrastructure     CRISIL A+      20000   Reaffirmed
                                        Bonds
IDBI Bank Ltd                           Infrastructure     CRISIL A+      80000   Reaffirmed
                                        Bonds
IDBI Bank Ltd                           Tier II Bonds      CRISIL A+      30000   Reaffirmed
                                        (Under Basel III)
IDBI Bank Ltd                           Senior/Lower       CRISIL A+      50000   Reaffirmed
                                        Tier-II Bonds
                                        (Under Basel II)
IDBI Bank Ltd                           Lower Tier-II      CRISIL A+      90416.8 Reaffirmed
                                        Bonds (Under Basel
                                        II)
IDBI Bank Ltd                           Omni Bonds         CRISIL A+      154795  Reaffirmed
IDBI Bank Ltd                           Flexi Bonds        CRISIL A+      4659.6  Reaffirmed
IDBI Bank Ltd                           Tier-I Bond Issue  CRISIL BBB+    20000   Withdrawn
                                        (Under Basel III)
IDBI Bank Ltd                           Tier-I Bond Issue  CRISIL BBB+    25000   Withdrawn 
                                        (Under Basel III)
Innovative Interiors Pvt Ltd            LT Loan            CRISIL BB-     26      Reaffirmed
Innovative Interiors Pvt Ltd            Overdraft          CRISIL BB-     20      Reaffirmed
J. P. C. Enterprises                    Proposed WC Fac    CRISIL BB-     10      Assigned
J. P. C. Enterprises                    CC                 CRISIL BB-     25      Assigned
J.R.D. International Ltd                CC                 CRISIL B-      85      Reaffirmed
(Issuer Not Cooperating)
J.R.D. International Ltd                TL                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
J.R.D. International Ltd                Warehouse Receipts CRISIL B-      250     Reaffirmed
(Issuer Not Cooperating)
Jai Mahavir Hometex                     Proposed LT Bk     CRISIL BB      5.4     Assigned
                                        Loan Fac
Jai Mahavir Hometex                     CC                 CRISIL BB      40      Assigned
Jai Mahavir Hometex                     Medium TL          CRISIL BB      56.6    Assigned
Jain Granimarmo Pvt Ltd                 WC Fac             CRISIL B+      76.8    Assigned
Jain Granimarmo Pvt Ltd                 Proposed FB Bk     CRISIL B+      1.2     Assigned
                                        Limits
Joygopal Food Products Pvt Ltd          LT Loan            CRISIL B+      57.5    Assigned
Joygopal Food Products Pvt Ltd          CC                 CRISIL B+      42.5    Assigned
JSW Vallabh Tinplate Pvt Ltd            CC*                CRISIL BBB     390     -
Continues on Rating Watch with Developing Implications,
* Interchangeable with LC facility upto Rs.3 crore

JSW Vallabh Tinplate Pvt Ltd            LT Loan            CRISIL BBB     805.1   -
(Continues on Rating Watch with Developing Implications)
JSW Vallabh Tinplate Pvt Ltd            Proposed LT Bk     CRISIL BBB     338.4   -
                                        Loan Fac
(Continues on Rating Watch with Developing Implications)
K Karuppa Gounder And Others            Proposed CC Limit  CRISIL BB-     43.9    Assigned
K Karuppa Gounder And Others            CC                 CRISIL BB-     40      Assigned
K Karuppa Gounder And Others            LT Loan            CRISIL BB-     15      Assigned
Lakshman Tools Pvt Ltd                  TL                 CRISIL B-      5       Assigned
Lakshman Tools Pvt Ltd                  Proposed FB Bk     CRISIL B-      30      Assigned
                                        Limits
Lakshman Tools Pvt Ltd                  CC                 CRISIL B-      30      Assigned
Lakshmi Infrastructure and Developers   CC                 CRISIL B+      10      Reaffirmed
India Pvt Ltd
Lanco Kondapalli Power Ltd              CC                 CRISIL D       1055.5  Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Lanco Kondapalli Power Ltd              LOC & BG*          CRISIL D       4240    Rating
                                                                                  Migrated*
(Issuer Not Cooperating),*Letter of credit and bank guarantee are fully fungible

Lanco Kondapalli Power Ltd              LT Loan            CRISIL D       30150   Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Laxmi Narain Infrabuild Pvt Ltd         CC                 CRISIL B       40      Assigned
Mahaveer Cotts Strings Pvt Ltd          CC                 CRISIL B       60      Rating
                                                                                  Migrated*
 
Mangla Apparels India Pvt Ltd           CC                 CRISIL BBB     400     Reaffirmed
Nina Realtors                           TL                 CRISIL D       100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
OM Construction                         CC                 CRISIL BB-     24      Assigned
Orion Water Treatment Pvt Ltd           CC                 CRISIL BB-     40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Orion Water Treatment Pvt Ltd           TL                 CRISIL BB-     40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Ozone Infra Con Pvt Ltd                 Proposed TL        CRISIL BB-     780     Withdrawn
Ozone Infra Con Pvt Ltd                 NCD                CRISIL BB-     780     Assigned
P G Industry Ltd                        Buyer`s Credit     CRISIL BB-     75      Continues on
                                                                                  Rating Watch
                                                                                  with
P G Industry Ltd                        CC                 CRISIL BB-     150     Continues on
                                                                                  Rating Watch
                                                                                  with
Paradise Steels Pvt Ltd                 CC                 CRISIL BB      100     Assigned
Paradise Steels Pvt Ltd                 Rupee TL           CRISIL BB      1.2     Assigned
Pawan Enterprises - Bikaner             Proposed CC Limit  CRISIL B+      85      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Prakasam Heavy Engineering Pvt Ltd      Overdraft          CRISIL B       50      Rating
                                                                                  Migrated*
 
Prasanna Education Trust                LT Loan            CRISIL D       100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Prathiba Developers Pvt Ltd             Proposed LT Bk     CRISIL BB-     26.3    Assigned
                                        Loan Fac
Prathiba Developers Pvt Ltd             CC                 CRISIL BB-     40      Assigned
Priceless Overseas Ltd                  Buyer`s Credit     CRISIL BB-     49.5    -
Continues on Rating Watch with
Radhesh Plastics India Pvt Ltd          CC                 CRISIL B+      27      Rating
                                                                                  Migrated*
 
Radhesh Plastics India Pvt Ltd          Proposed LT Bk     CRISIL B+      3.2     Rating
                                        Loan Fac                                  Migrated*
 
Radhesh Plastics India Pvt Ltd          TL                 CRISIL B+      17.6    Rating
                                                                                  Migrated*
 
Ram Fashion Exports Pvt Ltd             Standby Line of    CRISIL BB-     160     Rating
                                        Credit                                    Migrated*
(Issuer Not Cooperating)
Ram Fashion Exports Pvt Ltd             TL                 CRISIL BB-     40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Ram Kumar Rice Mill                     CC                 CRISIL B       63.7    Assigned
Ram Kumar Rice Mill                     Proposed CC Limit  CRISIL B       36.3    Assigned
Rama Krishna Spintex Pvt Ltd            BG                 CRISIL D       7       Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Rama Krishna Spintex Pvt Ltd            CC                 CRISIL D       330     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Rama Krishna Spintex Pvt Ltd            TL                 CRISIL D       373     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Rasun Exports Pvt Ltd                   CC                 CRISIL B       15      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Rays Power Infra Pvt Ltd                CC                 CRISIL BBB+    400     Reaffirmed
Rays Power Infra Pvt Ltd                Proposed CC Limit  CRISIL BBB+    100     Reaffirmed
Rays Power Infra Pvt Ltd                Proposed BG        CRISIL BBB+    150     Reaffirmed
Royal Pressing and Components - KashipurCC                 CRISIL BB-     50      Assigned
Sadanand Gupta                          CC                 CRISIL BB      30      Reaffirmed
Scotlane Ceramics                       CC                 CRISIL B       12.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Scotlane Ceramics                       TL                 CRISIL B       49.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shakti Opto-Telelinks                   CC                 CRISIL B       40      Assigned
Shree Roshan Rice Industries            CC                 CRISIL B+      40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shree Roshan Rice Industries            TL                 CRISIL B+      18      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Shukan Micro Mineral LLP                CC                 CRISIL B+      60      Upgraded from
                                                                                  CRISIL B
Shukan Micro Mineral LLP                Proposed LT Bk     CRISIL B+      2       Upgraded from
                                        Loan Fac                                  CRISIL B
Shukan Micro Mineral LLP                TL                 CRISIL B+      112.5   Upgraded from
                                                                                  CRISIL B
Siliguri Builders Pvt Ltd               CC                 CRISIL BB      175     Reaffirmed
Siliguri Builders Pvt Ltd               Channel Financing  CRISIL BB      240     Reaffirmed
Singhal Builders                        Overdraft          CRISIL BB-     50      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Sir.M. Visvesvaraya Education Trust     LT Loan            CRISIL BB+     145     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Sir.M. Visvesvaraya Education Trust     Proposed LT Bk     CRISIL BB+     15      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Spentika Ceramic Pvt Ltd                CC                 CRISIL BB-     45      Upgraded from
                                                                                  CRISIL B
Spentika Ceramic Pvt Ltd                LT Loan            CRISIL BB-     30      Upgraded from
                                                                                  CRISIL B
Spentika Ceramic Pvt Ltd                Proposed LT Bk     CRISIL BB-     50      Upgraded from
                                        Loan Fac                                  CRISIL B
Sri Lalitha Enterprises Industries Pvt  CC                 CRISIL A       3950    Reaffirmed
Ltd
Sri Lalitha Enterprises Industries Pvt  LT Loan            CRISIL A       440     Reaffirmed
Ltd
Sri Vijaya Lakshmi Raw and Boiled Rice  CC                 CRISIL B+      70      Rating
Mill                                                                              Migrated*
(Issuer Not Cooperating)
Sri Vijaya Lakshmi Raw and Boiled Rice  Proposed LT Bk     CRISIL B+      30      Rating
Mill                                    Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Sun Blues                               CC                 CRISIL BB      120     Assigned
Susee Polymers Pvt Ltd                  CC                 CRISIL B+      33      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Susee Polymers Pvt Ltd                  Proposed LT Bk     CRISIL B+      65      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Tirumala Automotives                    Channel Financing  CRISIL B+      20      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Tirumala Automotives                    Open CC            CRISIL B+      115     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Tirumala Automotives                    Proposed LT Bk     CRISIL B+      3.5     Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Udgeeth Nirman Pvt Ltd                  CC                 CRISIL BB-     100     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vajrakalpa Cotton                       CC                 CRISIL B+      180     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vijas Digital India Pvt Ltd             CC                 CRISIL B+      72      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Vijas Digital India Pvt Ltd             Proposed LT Bk     CRISIL B+      26.5    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB-
Vijas Digital India Pvt Ltd             TL                 CRISIL B+      25.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Vijaya Ferlloys                         CC                 CRISIL B       55      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Vijaya Ferlloys                         Proposed LT Bk     CRISIL B       1       Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Vijaya Ferlloys                         Standby FB Limits  CRISIL B       9       Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd  CC                 CRISIL BBB-    170     Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd  Foreign LOC        CRISIL BBB-    50      Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd  LT Loan            CRISIL BBB-    171.4   Reaffirmed
Waris Buildcon India Pvt Ltd            LT Loan            CRISIL BB-     18      Assigned
Waris Buildcon India Pvt Ltd            Overdraft          CRISIL BB-     50      Assigned
Yadav Rice Mills                        CC                 CRISIL B+      60      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Yak Granite Industries Pvt Ltd          CC                 CRISIL C       60      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Yak Granite Industries Pvt Ltd          Proposed LT Bk     CRISIL C       15      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Yasham Speciality Ingredients Pvt Ltd   CC                 CRISIL BB+     45      Migrated from
                                                                                  CRISIL BB+
(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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  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below