November 26, 2018 / 8:22 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Nov 26

    Nov 26 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of November 23, 2018.

COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A. G. Construction                      BG                 CRISIL A4+     300     Reaffirmed
Aditi Infrabuild and Services Ltd       BG                 CRISIL A4+     165     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Al-Faheem Meatex Pvt Ltd                Proposed Packing   CRISIL A4+     50      Assigned
                                        Credit
Apollo Hospitals Enterprise Ltd         Bills Payable      CRISIL A1+     1059.2  Reaffirmed
Apollo Hospitals Enterprise Ltd         ST Loan            CRISIL A1+     600     Reaffirmed
Apollo Hospitals Enterprise Ltd         WC Demand Loan     CRISIL A1+     1000    Reaffirmed
Bayer Cropscience Ltd                   ST Debt            CRISIL A1+     2000    Reaffirmed
BSL Scaffolding Ltd                     Inland/Import LOC  CRISIL A4      80      Reaffirmed
Chhattisgarh Hydro Power LLP            BG                 CRISIL A3      25
Cochin Veneers                          LOC                CRISIL A4      40      Reaffirmed
Demosha Chemicals Pvt Ltd               BG                 CRISIL A3      25      Reaffirmed
Demosha Chemicals Pvt Ltd               LOC                CRISIL A3      40      Reaffirmed
Dev Engineers                           BG                 CRISIL A4+     800
Eastern Rice Mill                       BG                 CRISIL A4+     3.3     Assigned
Faran Teppich Exports Pvt Ltd           Bill Purchase      CRISIL A4      40      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Gujarat Fluorochemicals Ltd             LOC & BG           CRISIL A1+     1950    Reaffirmed
Gujarat Fluorochemicals Ltd             LOC & BG@@$&**     CRISIL A1+     2500    Reaffirmed
@ @Interchangeable with short term debt to the extent of Rs 595 crore
$ Interchangeable with letter of credit and bank guarantee to the extent of Rs 1000 crore
& Interchangeable with overdraft facility to the extent of Rs 435 crore
** Interchangeable with PCFC facility to the extent of Rs.595 crore 
Gujarat Fluorochemicals Ltd             LOC & BG@@&        CRISIL A1+     500     Reaffirmed
@ @Interchangeable with short term debt to the extent of Rs 595 crore,& Interchangeable with
overdraft facility to the extent of Rs 435 crore 
Gujarat Fluorochemicals Ltd             Packing Credit in  CRISIL A1+     850     Reaffirmed
                                        Foreign Currency$
$ Interchangeable with letter of credit and bank guarantee to the extent of Rs 1000 crore
Gujarat Fluorochemicals Ltd             Packing Credit in  CRISIL A1+     1500    Reaffirmed
                                        Foreign
                                        Currency$&@@**
@ @Interchangeable with short term debt to the extent of Rs 595 crore
$ Interchangeable with letter of credit and bank guarantee to the extent of Rs 1000 crore
& Interchangeable with overdraft facility to the extent of Rs 435 crore
** Interchangeable with PCFC facility to the extent of Rs.595 crore 
Gujarat Fluorochemicals Ltd             ST Loan&@@**       CRISIL A1+     1500    Reaffirmed
& Interchangeable with overdraft facility to the extent of Rs 435 crore
** Interchangeable with PCFC facility to the extent of Rs.595 crore,@ @Interchangeable with
short term debt to the extent of Rs 595 crore 
Gujarat Fluorochemicals Ltd             ST Loan$&@@**      CRISIL A1+     1500    Reaffirmed
@ @Interchangeable with short term debt to the extent of Rs 595 crore
$ Interchangeable with letter of credit and bank guarantee to the extent of Rs 1000 crore
& Interchangeable with overdraft facility to the extent of Rs 435 crore
** Interchangeable with PCFC facility to the extent of Rs.595 crore 
Gujarat Fluorochemicals Ltd             ST Loan$&          CRISIL A1+     2400    Reaffirmed
$ Interchangeable with letter of credit and bank guarantee to the extent of Rs 1000 crore
& Interchangeable with overdraft facility to the extent of Rs 435 crore
Gujarat Fluorochemicals Ltd             CP                 CRISIL A1+     4000    Reaffirmed
Gupta Enterprises (Delhi)               BG                 CRISIL A4+     135     Reaffirmed
INOX Leisure Ltd                        BG                 CRISIL A1+     438.5   Reaffirmed
INOX Leisure Ltd                        LOC                CRISIL A1+     100     Reaffirmed
Inox Wind Infrastructure Services Ltd   BG                 CRISIL A2+     1000    Reaffirmed
Inox Wind Ltd                           BG                 CRISIL A2+     2133.6  Reaffirmed
Inox Wind Ltd                           LOC                CRISIL A2+     10675   Reaffirmed
Inox Wind Ltd                           Proposed LOC       CRISIL A2+     9061.4  Reaffirmed
Inox Wind Ltd                           CP                 CRISIL A2+     2000    Reaffirmed
K.K. Rao Engineering Works Pvt Ltd      BG                 CRISIL A4+     200     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
K.K. Rao Engineering Works Pvt Ltd      LOC                CRISIL A4+     32.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kamala Metachem                         LOC                CRISIL A4+     100     Reaffirmed
Kandoi Transport Ltd                    BG                 CRISIL A4+     60      Reaffirmed
Kreya Infratech Pvt Ltd                 BG                 CRISIL A4+     60      Assigned
Lavish Granito Pvt Ltd                  BG                 CRISIL A4+     50      Reaffirmed
Maithon Power Ltd                       CP                 CRISIL A1+     3000    Reaffirmed
Mangalam Pipes Pvt Ltd                  Foreign Exchange   CRISIL A4+     5       Assigned
                                        Forward
Suspension revoked
Mangalam Pipes Pvt Ltd                  LOC                CRISIL A4+     35      Assigned
Suspension revoked
Mangalam Pipes Pvt Ltd                  Sales Bill         CRISIL A4+     30      Assigned
                                        Discounting
Suspension revoked
Manjushree Technopack Ltd               BG                 CRISIL A1      30      -
Continues on Rating Watch with
Manjushree Technopack Ltd               Foreign Exchange   CRISIL A1      50      -
                                        Forward
Continues on Rating Watch with
Manjushree Technopack Ltd               LOC                CRISIL A1      150     -
Continues on Rating Watch with
Mint Aqua Systems Pvt Ltd               BG                 CRISIL A4      5       Assigned
Mint Environ Pvt Ltd                    LOC & BG           CRISIL A4      4       Assigned
Pharose Remedies Ltd                    LOC                CRISIL A4+     25      Assigned
Pradeep Metals Ltd                      BG                 CRISIL A4+     30      Reaffirmed
Pradeep Metals Ltd                      Export Bill        CRISIL A4+     190     Reaffirmed
                                        Purchase
Pradeep Metals Ltd                      Foreign Exchange   CRISIL A4+     15.3    Reaffirmed
                                        Forward
Pradeep Metals Ltd                      Packing Credit in  CRISIL A4+     260     Reaffirmed
                                        Foreign Currency

Rashi Peripherals Pvt Ltd               BG                 CRISIL A2      80      Reaffirmed
Rashi Peripherals Pvt Ltd               LOC & BG           CRISIL A2      147     Reaffirmed
S. Sheshagiri                           BG                 CRISIL A4+     10      Assigned
Assigned
Samosaran Yarns Pvt Ltd                 BG                 CRISIL A3      30      Reaffirmed
Reaffirmed
Sarwati Home Furnishings                BG                 CRISIL A4      0.6     Reaffirmed
Singhania and Sons Pvt Ltd              Bill Purchase      CRISIL A4+     25      Reaffirmed
Singhania and Sons Pvt Ltd              Foreign            CRISIL A4+     50      Reaffirmed
                                        Documentary Bills
                                        Purchase*
*Includes sublimit of Rs 5 crore for export packing credit
Singhania and Sons Pvt Ltd              Foreign Exchange   CRISIL A4+     3.6     Reaffirmed
                                        Forward
Singhania and Sons Pvt Ltd              LOC & BG           CRISIL A4+     22.5    Reaffirmed
SKS Spiral Pipes                        Letter Of GuaranteeCRISIL A4+     20      Assigned
Assigned
Staarlight Designs                      Foreign Demand     CRISIL A4      26      Reaffirmed
                                        Bill Purchase
Sycon Infra Pvt Ltd                     BG                 CRISIL A4      35      Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating),Rating Withdrawn*
T. Abdul Wahid Tanneries Pvt Ltd        Bill Discounting   CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
T. Abdul Wahid Tanneries Pvt Ltd        LOC                CRISIL A4      29.6    Reaffirmed
(Issuer Not Cooperating)
T. Abdul Wahid Tanneries Pvt Ltd        Standby Line of    CRISIL A4      24      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Tadimety Aromatics Pvt Ltd              BG                 CRISIL A4+     20      Reaffirmed
(Issuer Not Cooperating)
Tadimety Aromatics Pvt Ltd              Packing Credit     CRISIL A4+     25      Reaffirmed
(Issuer Not Cooperating)
Trafo Power and Electricals Pvt Ltd     BG                 CRISIL A4      46      Reaffirmed
(Issuer Not Cooperating)
Trafo Power and Electricals Pvt Ltd     Inland/Import LOC  CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
V K R Projects Pvt Ltd                  Proposed BG        CRISIL A4      50      Reaffirmed
(Issuer Not Cooperating)
V. S. Matrix Pvt Ltd                    Proposed LOC       CRISIL A4      25      Reaffirmed
(Issuer Not Cooperating)
Vikas Ecotech Ltd                       LOC & BG           CRISIL A3      345     Migrated from
                                                                                  CRISIL A3+
(Issuer Not Cooperating) /Watch Developing*
Winfab Equipments Pvt Ltd               BG                 CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Y.S.R.Spinning and Weaving Mills Pvt LtdLOC                CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)

MEDIUM TERM RATINGS:
-------------------
Apollo Hospitals Enterprise Ltd         FD                 FAA+           -       Reaffirmed

LONG TERM RATINGS:
-------------------

A. G. Construction                      CC                 CRISIL BB+     100     Reaffirmed
Aditi Infrabuild and Services Ltd       CC                 CRISIL BB-     150     Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Agni Industrial Fire Services Ltd       CC                 CRISIL D       30      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Agni Industrial Fire Services Ltd       Proposed WC Fac    CRISIL D       27.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Agni Industrial Fire Services Ltd       TL                 CRISIL D       42.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Al-Faheem Meatex Pvt Ltd                Proposed CC Limit  CRISIL BB+     150     Assigned
Anandswarn Residency Pvt Ltd            Proposed LT Bk     CRISIL C       7.5     ISSUER NOT
                                        Loan Fac                                  COOPERATING;
                                                                                  Rating
Migrated*
(Issuer Not Cooperating)
Anandswarn Residency Pvt Ltd            TL                 CRISIL C       117.5   ISSUER NOT
                                                                                  COOPERATING;
                                                                                  Rating
Migrated*
(Issuer Not Cooperating)
Anant Intercontinental Pvt Ltd          Export Packing     CRISIL B       100     Rating
                                        Credit                                    Migrated*
(Issuer Not Cooperating)
Apollo Hospitals Enterprise Ltd         CC                 CRISIL AA      742.7   Reaffirmed
Apollo Hospitals Enterprise Ltd         Proposed LT Bk     CRISIL AA      2848.1  Reaffirmed
                                        Loan Fac
Apollo Hospitals Enterprise Ltd         Rupee TL           CRISIL AA      18150   Reaffirmed
Apollo Hospitals Enterprise Ltd         WC Demand Loan     CRISIL AA      1600    Reaffirmed
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      2000    Reaffirmed
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      2000    Reaffirmed
Apollo Hospitals Enterprise Ltd         NCD                CRISIL AA      3190    Reaffirmed
Arihant Plastics - Delhi                Proposed FB Bk     CRISIL BB      15      Assigned
                                        Limits
Arihant Plastics - Delhi                CC                 CRISIL BB      20      Assigned
Arihant Plastics - Delhi                LT Loan            CRISIL BB      65      Assigned
Bajaj Silk Fab Pvt Ltd                  CC                 CRISIL BB      67.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Bajaj Silk Fab Pvt Ltd                  Proposed CC Limit  CRISIL BB      27.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Banshidhar Agro Cold Storage Pvt Ltd    CC                 CRISIL B+      35      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Banshidhar Agro Cold Storage Pvt Ltd    TL                 CRISIL B+      39.2    Reaffirmed
Bayer Cropscience Ltd                   FB Fac*            CRISIL AA+     1125.5  Reaffirmed
*Fully interchangeable with cash credit, overdraft, short-term loans, letter of credit, and bank
guarantee
Bayer Cropscience Ltd                   Proposed LT Bk     CRISIL AA+     154.5   Reaffirmed
                                        Loan Fac
BSL Scaffolding Ltd                     CC                 CRISIL B+      100     Reaffirmed
Chhattisgarh Hydro Power LLP            TL                 CRISIL BBB-    1249    Assigned
Chhattisgarh Hydro Power LLP            Proposed LT Bk     CRISIL BBB-    76      Assigned
                                        Loan Fac
Cochin Veneers                          CC                 CRISIL B-      20      Reaffirmed
Cosmo Granites Pvt Ltd                  CC                 CRISIL B+      150     Reaffirmed
Cosmo Granites Pvt Ltd                  TL                 CRISIL B+      300     Reaffirmed
Cosmo Granites Pvt Ltd                  WC Fac             CRISIL B+      50      Assigned
Dasari Veer Raju and Gunnam Ram Chandra CC                 CRISIL B+      22.9    Migrated from
Rao Memorial Trust                                                                CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Dasari Veer Raju and Gunnam Ram Chandra TL                 CRISIL B+      107.6   Migrated from
Rao Memorial Trust                                                                CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Deepak Cables India Ltd                 BG                 CRISIL D       6658.8  Reaffirmed
Deepak Cables India Ltd                 CC                 CRISIL D       3050    Reaffirmed
Deepak Cables India Ltd                 LOC                CRISIL D       973.3   Reaffirmed
Deepak Cables India Ltd                 WC TL              CRISIL D       2317.9  Reaffirmed
Demosha Chemicals Pvt Ltd               CC                 CRISIL BBB-    120     Reaffirmed
Dev Engineers                           CC                 CRISIL BB+     200
Eastea Chai Pvt Ltd                     CC                 CRISIL BBB-    60      Assigned
Eastern Doors                           CC                 CRISIL B+      15      Upgraded from
                                                                                  CRISIL B
Eastern Doors                           TL                 CRISIL B+      43.5    Upgraded from
                                                                                  CRISIL B
Eastern Rice Mill                       TL                 CRISIL BB-     6.7     Assigned
Eastern Rice Mill                       CC                 CRISIL BB-     45      Assigned
Faran Teppich Exports Pvt Ltd           Export Packing     CRISIL B+      60      Rating
                                        Credit                                    Migrated*
(Issuer Not Cooperating)
Feedback Energy Distribution Co. Ltd    WC Fac             CRISIL BBB+    500     Assigned
Feedback Energy Distribution Co. Ltd    NCD                CRISIL BBB+    500     Assigned
Galaxy Exports Pvt Ltd                  CC                 CRISIL BB-     65      Migrated from
                                                                                  CRISIL
                                                                                  B+
(Issuer Not Cooperating)
Galaxy Exports Pvt Ltd                  Proposed FB Bk     CRISIL BB-     29.8    Migrated from
                                        Limits                                    CRISIL
                                                                                  B+
(Issuer Not Cooperating)
Gallops Autolink Pvt Ltd                Proposed CC Limit  CRISIL B       10      Assigned
Gallops Autolink Pvt Ltd                Channel Financing  CRISIL B       40      Assigned
Gallops Autolink Pvt Ltd                CC                 CRISIL B       150     Assigned
Gallops Autolink Pvt Ltd                CC/ Overdraft Fac  CRISIL B       100     Assigned
GBR Hatcheries Pvt Ltd                  CC                 CRISIL BBB-    70      Reaffirmed
GBR Hatcheries Pvt Ltd                  Key CC             CRISIL BBB-    30      Reaffirmed
GHSPL AMRO Super Speciality Healthcare  LT Loan            CRISIL B+      56      Reaffirmed
LLP
(Issuer Not Cooperating)
GHSPL AMRO Super Speciality Healthcare  Proposed FB Bk     CRISIL B+      44      Reaffirmed
LLP                                     Limits
(Issuer Not Cooperating)
GHSPL Jeypore Healthcare LLP            LT Loan            CRISIL B+      76.1    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
GHSPL Jeypore Healthcare LLP            Proposed FB Bk     CRISIL B+      23.9    Rating
                                        Limits                                    Migrated*
(Issuer Not Cooperating)
GHSPL MUZF Super Speciality Healthcare  LT Loan            CRISIL B+      100     Rating
LLP                                                                               Migrated*
(Issuer Not Cooperating)
GHSPL Sambhav KNJ Healthcare LLP        LT Loan            CRISIL B+      84.9    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
GHSPL Sambhav KNJ Healthcare LLP        Proposed FB Bk     CRISIL B+      15.1    Rating
                                        Limits                                    Migrated*
(Issuer Not Cooperating)
Gujarat Fluorochemicals Ltd             Foreign Currency   CRISIL AA      565.8   Reaffirmed
                                        TL^^
^^USD 8.25 million converted at 68.59 INR/USD
Gujarat Fluorochemicals Ltd             Foreign Currency   CRISIL AA      1109.2  Reaffirmed
                                        TL^
^USD 8.09 million converted at 68.59 INR/USD
Gujarat Fluorochemicals Ltd             Proposed LT Bk     CRISIL AA      625     Reaffirmed
                                        Loan Fac
Gupta Enterprises (Delhi)               Secured Overdraft  CRISIL BB      25      Reaffirmed
                                        against term
                                        deposits
Hari Darshan Exports Pvt Ltd            Export Packing     CRISIL BB+     200     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB
Hari Darshan Exports Pvt Ltd            Post Shipment      CRISIL BB+     800     Downgraded
                                        Credit                                    from CRISIL
                                                                                  BBB
Hari Darshan Exports Pvt Ltd            Proposed LT Bk     CRISIL BB+     100     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BBB
Indo European Breweries Ltd             CC                 CRISIL BBB-    30      Assigned
Indo European Breweries Ltd             TL                 CRISIL BBB-    70      Assigned
INOX Leisure Ltd                        CC                 CRISIL AA-     250     Reaffirmed
INOX Leisure Ltd                        Proposed TL        CRISIL AA-     63.9    Reaffirmed
INOX Leisure Ltd                        TL                 CRISIL AA-     2344.4  Reaffirmed
Inox Wind Infrastructure Services Ltd   CC                 CRISIL AA(SO)  500     Reaffirmed
Inox Wind Infrastructure Services Ltd   TL                 CRISIL AA(SO)  1000    Reaffirmed
Inox Wind Infrastructure Services Ltd   NCD                CRISIL AA(SO)  2000    Reaffirmed
Inox Wind Ltd                           CC^                CRISIL A-      6100    Reaffirmed
^Interchangeable with letter of credit to the extent of Rs 195 crore; letter of credit and bank
guarantee to the extent of Rs 375 crore.
Inox Wind Ltd                           LT Loan            CRISIL A-      2030    Reaffirmed
K. N. Motors Pvt Ltd                    Electronic Dealer  CRISIL BBB-    160     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Outlook revised from Stable
K.K. Rao Engineering Works Pvt Ltd      CC                 CRISIL BB      52.5    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Kamadhenu Jewellery Pvt Ltd             CC                 CRISIL B       50      Revised from
                                                                                  CRISIL B to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL B
Kamadhenu Jewellery Pvt Ltd             Proposed LT Bk     CRISIL B       75      Revised from
                                        Loan Fac                                  CRISIL B to
                                                                                  CRISIL D and
Simultaneously Upgraded to CRISIL B
Kamala Metachem                         Proposed LT Bk     CRISIL BB-     25      Reaffirmed
                                        Loan Fac
Kandoi Transport Ltd                    CC                 CRISIL BB-     450     Downgraded
                                                                                  from CRISIL BB
Khemchand Handicraft                    Export Packing     CRISIL BBB-    60      Upgraded from
                                        Credit                                    CRISIL BB+
Khemchand Handicraft                    Foreign Bill       CRISIL BBB-    5       Upgraded from
                                        Purchase                                  CRISIL BB+
Kreya Infratech Pvt Ltd                 Proposed CC Limit  CRISIL BB-     20      Assigned
Kreya Infratech Pvt Ltd                 Proposed BG        CRISIL BB-     20      Assigned
Kreya Infratech Pvt Ltd                 CC                 CRISIL BB-     30      Assigned
Krishnapoultry Tex Mill India Pvt Ltd   CC                 CRISIL BB-     120     Assigned
(Suspension revoked)
Kush Polyflex                           TL                 CRISIL BB-     42.2    Assigned
Kush Polyflex                           WC Fac             CRISIL BB-     15      Assigned
Lavish Granito Pvt Ltd                  CC                 CRISIL BB+     200     Upgraded from
                                                                                  CRISIL BB
Lavish Granito Pvt Ltd                  LT Loan            CRISIL BB+     168     Upgraded from
                                                                                  CRISIL BB
Madhoor Buildwell Pvt Ltd               BG                 CRISIL D       45      Reaffirmed
Madhoor Buildwell Pvt Ltd               CC                 CRISIL D       140     Reaffirmed
Madhoor Buildwell Pvt Ltd               Proposed WC Fac    CRISIL D       140     Reaffirmed
Madhoor Buildwell Pvt Ltd               Rupee TL           CRISIL D       75      Reaffirmed
Maithon Power Ltd                       FB Fac%            CRISIL AA-     1500    Reaffirmed
Outlook revised from Stable,%Interchangeable with non-fund based limit of Rs 6.00 Crores.
Maithon Power Ltd                       FB Fac             CRISIL AA-     1750    Reaffirmed
Outlook revised from Stable
Maithon Power Ltd                       Non-FBL^^          CRISIL AA-     1250    Reaffirmed
Outlook revised from Stable,^^One way interchangeability to fund based limits to the extent of
Rs. 25 Crore.
Maithon Power Ltd                       Non-FBL**          CRISIL AA-     3500    Reaffirmed
Outlook revised from Stable,**Interchangeable with fund based limits to the extent of Rs. 250
Crore.
Maithon Power Ltd                       Proposed LT Bk     CRISIL AA-     744     Assigned
                                        Loan Fac
Outlook revised from Stable
Maithon Power Ltd                       TL                 CRISIL AA-     13040   Assigned
Outlook revised from Stable
Maithon Power Ltd                       NCD                CRISIL AA-     5000    Reaffirmed
(Outlook revised from Stable)
Maithon Power Ltd                       NCD                CRISIL AA-     5000    Reaffirmed
(Outlook revised from Stable)
Maithon Power Ltd                       TL                 Withdrawal     23090   Assigned
Mangalam Pipes Pvt Ltd                  CC                 CRISIL BB      95      Assigned
Suspension revoked
Mangalam Pipes Pvt Ltd                  WC TL              CRISIL BB      10      Assigned
Suspension revoked
Mangalam Pipes Pvt Ltd                  TL                 CRISIL BB      26      Assigned
Suspension revoked
Manjushree Technopack Ltd               CC                 CRISIL A+      1600    -
Continues on Rating Watch with
Manjushree Technopack Ltd               LT Loan            CRISIL A+      4037.8  -
Continues on Rating Watch with
Mint Aqua Systems Pvt Ltd               Proposed LT Bk     CRISIL B+      40      Assigned
                                        Loan Fac
Mint Aqua Systems Pvt Ltd               CC                 CRISIL B+      30      Assigned
Mint Environ Pvt Ltd                    Proposed LT Bk     CRISIL B+      33.5    Assigned
                                        Loan Fac
Mint Environ Pvt Ltd                    CC                 CRISIL B+      12.5    Assigned
Mohana Harsha Logistics                 Loan Against       CRISIL B       67.5    Assigned
                                        Property
Mohana Harsha Logistics                 Proposed LT Bk     CRISIL B       52.5    Assigned
                                        Loan Fac
MRN Infrastructure Pvt Ltd              CC                 CRISIL BB-     2       Assigned
MRN Infrastructure Pvt Ltd              Proposed LT Bk     CRISIL BB-     48      Assigned
                                        Loan Fac
Muthoot Capital Services Ltd            Series A2 PTCs     Provisional    46.9    Assigned
                                                           CRISIL A- (SO)
Muthoot Capital Services Ltd            Series A1 PTCs     Provisional    1008.7  Assigned
                                                           CRISIL AA- (SO)
Narula Oil and Fats Pvt Ltd             CC                 CRISIL BB-     150     Withdrawn
(Issuer Not Cooperating)
Om Sai Aqua                             CC                 CRISIL B+      15      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Om Sai Aqua                             LT Loan            CRISIL B+      13.3    Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Om Sai Aqua                             Proposed LT Bk     CRISIL B+      84.2    Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               CC                 CRISIL BB+     15      Migrated from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               Foreign Bill       CRISIL BB+     125     Migrated from
                                        Discounting                               CRISIL
                                                                                  BB+
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               LT Loan            CRISIL BB+     130     Migrated from
                                                                                  CRISIL
                                                                                  BB+
(ISSUER NOT COOPERATING)*
(Issuer Not Cooperating)
Paloma Turning Co Pvt Ltd               Packing Credit     CRISIL BB+     80      Migrated from
                                        (pre-shipment                             CRISIL
                                        credit)                                   BB+
(Issuer Not Cooperating)
Pharose Remedies Ltd                    Proposed FB Bk     CRISIL BB+     20      Assigned
                                        Limits
Pharose Remedies Ltd                    CC                 CRISIL BB+     75      Assigned
Pradeep Metals Ltd                      CC                 CRISIL BB+     125     Reaffirmed
Pradeep Metals Ltd                      LT Loan            CRISIL BB+     399.7   Reaffirmed
Raini Industries India Pvt Ltd          Secured Overdraft  CRISIL BB-     11      Assigned
                                        Fac
Raini Industries India Pvt Ltd          Proposed LT Bk     CRISIL BB-     61.5    Assigned
                                        Loan Fac
Raini Industries India Pvt Ltd          Bill Discounting   CRISIL BB-     20      Assigned
Raini Industries India Pvt Ltd          LT Loan            CRISIL BB-     7.5     Assigned
Ranga Raju Rice Mill                    CC                 CRISIL BB-     264.4   Upgraded from
                                                                                  CRISIL B+
Ranga Raju Rice Mill                    Proposed LT Bk     CRISIL BB-     5.6     Upgraded from
                                        Loan Fac                                  CRISIL B+
Ranga Raju Rice Mill                    Foreign Bill       CRISIL BB-     30      Upgraded from
                                        Discounting                               CRISIL B+
Rashi Peripherals Pvt Ltd               CC                 CRISIL BBB+    3252    Reaffirmed
Rashi Peripherals Pvt Ltd               Proposed LT Bk     CRISIL BBB+    43      Reaffirmed
                                        Loan Fac
Rashi Peripherals Pvt Ltd               Standby LOC        CRISIL BBB+    1128    Reaffirmed
Rashi Peripherals Pvt Ltd               WC Demand Loan     CRISIL BBB+    150     Reaffirmed
S. Sheshagiri                           CC                 CRISIL BB      50      Assigned
Assigned
Salasar Cottex - Hinganghat             Warehouse FinancingCRISIL B+      9.5     Assigned
Salasar Cottex - Hinganghat             CC                 CRISIL B+      45      Assigned
Salasar Cottex - Hinganghat             TL                 CRISIL B+      5.5     Assigned
Samosaran Syntex Pvt Ltd                CC                 CRISIL BBB-    250     Reaffirmed
Samosaran Syntex Pvt Ltd                Proposed FB Bk     CRISIL BBB-    125     Reaffirmed
                                        Limits
Samosaran Yarns Pvt Ltd                 CC                 CRISIL BBB-    400     Reaffirmed
Reaffirmed
Samosaran Yarns Pvt Ltd                 LT Loan            CRISIL BBB-    386     Reaffirmed
Reaffirmed
Sanjay Sales Pvt Ltd                    CC                 CRISIL BB+     90      Withdrawn
(Issuer Not Cooperating)
Sanjay Sales Pvt Ltd                    Electronic Dealer  CRISIL BB+     150     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Sanjay Sales Pvt Ltd                    Proposed LT Bk     CRISIL BB+     67.5    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Sanjay Sales Pvt Ltd                    TL                 CRISIL BB+     22.5    Withdrawn
(Issuer Not Cooperating)
Sarwati Home Furnishings                CC                 CRISIL B+      47      Reaffirmed
Sarwati Home Furnishings                TL                 CRISIL B+      35.1    Reaffirmed
Second Vivekananda Bridge Tollway       TL                 CRISIL AA+(SO) 1415.6  Reaffirmed
Company Pvt Ltd
Second Vivekananda Bridge Tollway       NCD                CRISIL AA+(SO) 1420    Reaffirmed
Company Pvt Ltd
Shahwar Motives Pvt Ltd                 CC                 CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
Shiv Rice Mill                          CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Shiv Rice Mill                          Proposed LT Bk     CRISIL B       26.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shiv Rice Mill                          TL                 CRISIL B       13.5    Reaffirmed
(Issuer Not Cooperating)
Shreeyash Pratishthan                   Proposed TL        CRISIL B       33      Reaffirmed
(Issuer Not Cooperating)
Shreeyash Pratishthan                   TL                 CRISIL B       17      Reaffirmed
(Issuer Not Cooperating)
Singhania and Sons Pvt Ltd              CC                 CRISIL BB-     75      Reaffirmed
Singhania and Sons Pvt Ltd              Proposed LT Bk     CRISIL BB-     121.4   Reaffirmed
                                        Loan Fac
SKS Spiral Pipes                        TL                 CRISIL BB      2       Assigned
Assigned
SKS Spiral Pipes                        Proposed FB Bk     CRISIL BB      8       Assigned
                                        Limits
Assigned
SKS Spiral Pipes                        CC                 CRISIL BB      80      Assigned
Assigned
Sree Guru Raghavendra Cotton Ginning    CC                 CRISIL B+      50      Reaffirmed
Factory
Reaffirmed
Sri Durga Estates                       CC                 CRISIL B-      55      Rating
                                                                                  Migrated*
(Issuer Not Cooperating)
Sri Durga Estates                       Proposed LT Bk     CRISIL B-      25      Rating
                                        Loan Fac                                  Migrated*
(Issuer Not Cooperating)
Staarlight Designs                      CC                 CRISIL B+      3.5     Reaffirmed
Staarlight Designs                      Export Packing     CRISIL B+      30      Reaffirmed
                                        Credit
Staarlight Designs                      Proposed LT Bk     CRISIL B+      40.5    Reaffirmed
                                        Loan Fac
Sukra Jewellery                         CC/ Overdraft Fac  CRISIL BB-     50      Reaffirmed
Sushil Frozen Agro Processing Pvt Ltd   CC                 CRISIL B       35      Reaffirmed
Sushil Frozen Agro Processing Pvt Ltd   LT Loan            CRISIL B       80      Reaffirmed
Sycon Infra Pvt Ltd                     CC/ Overdraft Fac  CRISIL B       30      Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating),Rating Withdrawn*
Sycon Infra Pvt Ltd                     Cash TL            CRISIL B       17.5    Migrated from
                                                                                  CRISIL A4
(Issuer Not Cooperating),Rating Withdrawn*
Sycon Infra Pvt Ltd                     Proposed LT Bk     CRISIL B       17.5    Migrated from
                                        Loan Fac                                  CRISIL A4
(Issuer Not Cooperating),Rating Withdrawn*
T. Abdul Wahid Tanneries Pvt Ltd        Packing Credit     CRISIL B       130     Reaffirmed
(Issuer Not Cooperating)
T. Abdul Wahid Tanneries Pvt Ltd        TL                 CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
Tadimety Aromatics Pvt Ltd              CC                 CRISIL BB+     25      Reaffirmed
(Issuer Not Cooperating)
Tagore Shikshan Sansthan                CC/ Overdraft Fac  CRISIL B       31      Reaffirmed
(Issuer Not Cooperating)
Tagore Shikshan Sansthan                LT Loan            CRISIL B       99      Reaffirmed
(Issuer Not Cooperating)
Temple City Developers Pvt Ltd          CC                 CRISIL D       95      Reaffirmed
(Issuer Not Cooperating)
The Himanis                             TL                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
The Shelar Automotive                   Inventory Funding  CRISIL B       85      Reaffirmed
                                        Fac
(Issuer Not Cooperating)
The Shelar Automotive                   Proposed LT Bk     CRISIL B       15      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Tiger Tanning Industries                CC                 CRISIL B       65      Reaffirmed
(Issuer Not Cooperating)
Tiger Tanning Industries                Proposed FB Bk     CRISIL B       7       Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Tilak Ram Babu Ram Pvt Ltd              CC                 CRISIL B+      150     Upgraded from
                                                                                  CRISIL B
Tilak Ram Babu Ram Pvt Ltd              Proposed LT Bk     CRISIL B+      40      Upgraded from
                                        Loan Fac                                  CRISIL B
Tiny Tots Educational Society           TL                 CRISIL B       94      Reaffirmed
(Issuer Not Cooperating)
Trafo Power and Electricals Pvt Ltd     CC                 CRISIL B       65      Reaffirmed
(Issuer Not Cooperating)
Trafo Power and Electricals Pvt Ltd     TL                 CRISIL B       4       Reaffirmed
(Issuer Not Cooperating)
Transfix (India) Pvt Ltd                Overdraft^         CRISIL B       90      Reaffirmed
(Issuer Not Cooperating),^Interchangeable with packing credit in foreign currency of Rs. 90
million, post shipment in foreign credit of Rs. 90 million, letter of credit of Rs. 75 million,
Buyers credit of Rs. 75 million and bank guarantee of Rs. 50 million. 
Transfix (India) Pvt Ltd                Proposed LT Bk     CRISIL B       35      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Triumph Auto Parts Distributors Pvt Ltd Electronic Dealer  CRISIL B       67.5    Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Trivik Hotels and Resorts Pvt Ltd       TL                 CRISIL D       100     Reaffirmed
Umashakti Steels Pvt Ltd                TL                 CRISIL BBB-    51.3    Assigned
Umashakti Steels Pvt Ltd                CC                 CRISIL BBB-    60      Assigned
Umashakti Steels Pvt Ltd                Proposed FB Bk     CRISIL BBB-    38.7    Assigned
                                        Limits
V K R Projects Pvt Ltd                  Proposed LT Bk     CRISIL B       50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
V. G. Shipbreakers Pvt Ltd              CC                 CRISIL D       70      Reaffirmed
(Issuer Not Cooperating)
V. G. Shipbreakers Pvt Ltd              LOC                CRISIL D       80      Reaffirmed
(Issuer Not Cooperating)
V. S. Matrix Pvt Ltd                    Proposed CC Limit  CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
V.S. Transports                         Rating             --             0
CRISIL is yet to receive adequate information
Varadvinayak Developers                 Project Loan       CRISIL B       125     Reaffirmed
(Issuer Not Cooperating)
Varanasi Motors Pvt Ltd                 CC                 CRISIL BB+     15      Withdrawn 
(Issuer Not Cooperating)
Varanasi Motors Pvt Ltd                 Inventory Funding  CRISIL BB+     80      Withdrawn 
                                        Fac
(Issuer Not Cooperating)
Vasumathy Traders                       CC                 CRISIL B       45      Reaffirmed
Vasumathy Traders                       Key CC             CRISIL B       50      Reaffirmed
Vasumathy Traders                       Proposed LT Bk     CRISIL B       5       Reaffirmed
                                        Loan Fac
Veera Associates                        Bill Discounting   CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating)
Veera Associates                        Export Packing     CRISIL B+      10      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Veera Associates                        LT Loan            CRISIL B+      50      Reaffirmed
(Issuer Not Cooperating)
Veera Associates                        Overdraft          CRISIL B+      35      Reaffirmed
(Issuer Not Cooperating)
Venketeswar Educational Trust           CC                 CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Venketeswar Educational Trust           LT Loan            CRISIL B       41.1    Reaffirmed
(Issuer Not Cooperating)
Venketeswar Educational Trust           Proposed LT Bk     CRISIL B       13.8    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Venus Alloys Pvt Ltd                    CC                 CRISIL BB      70      Migrated
                                                                                  from 
                                                                                  CRISIL BB/ 
                                                                                  Withdrawn
(Issuer Not Cooperating)
Venus Alloys Pvt Ltd                    TL                 CRISIL BB      130     Migrated
                                                                                  From
                                                                                  CRISIL BB/ 
                                                                                  Withdrawn
(Issuer Not Cooperating)
Venus Industrial Corporation            Export Packing     CRISIL BB+     90      Reaffirmed
                                        Credit
Vikas Ecotech Ltd                       LOC & BG           -              65      Withdrawn
(Issuer Not Cooperating)
Vikas Ecotech Ltd                       CC                 CRISIL BBB     405     Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating) /Watch Developing*
Vikas Ecotech Ltd                       CC                 CRISIL BBB     155     Withdrawn
(Issuer Not Cooperating) /Watch Developing*
Vikas Ecotech Ltd                       CC/ Overdraft Fac  CRISIL BBB     150     Withdrawn
(Issuer Not Cooperating) /Watch Developing*
Vikas Ecotech Ltd                       Export Packing     CRISIL BBB-    360     Migrated from
                                        Credit & Export                           CRISIL BBB
                                        Bills Negotiation/
                                        Foreign Bill 
                                        discounting
(Issuer Not Cooperating) /Watch Developing*
Vikas Ecotech Ltd                       TL                 CRISIL BBB-    90      Migrated from
                                                                                  CRISIL BBB
(Issuer Not Cooperating) /Watch Developing*
Vikas Educational Society               Cash TL            CRISIL BB-     50      Migrated from
                                                                                  CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Vikas Educational Society               Proposed LT Bk     CRISIL BB-     50      Migrated from
                                        Loan Fac                                  CRISIL
                                                                                  BB-
(Issuer Not Cooperating)
Vikram Arya Food Products Pvt Ltd       CC                 CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Vikram Arya Food Products Pvt Ltd       Proposed LT Bk     CRISIL B       85      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Vikram Arya Food Products Pvt Ltd       TL                 CRISIL B       105     Reaffirmed
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  CC                 CRISIL D       34      Reaffirmed
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  Export Bill        CRISIL D       45      Reaffirmed
                                        Rediscounting
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  Inland/Import LOC  CRISIL D       2.5     Reaffirmed
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  Overdraft          CRISIL D       25      Reaffirmed
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  Packing Credit     CRISIL D       25      Reaffirmed
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  Proposed LT Bk     CRISIL D       13.9    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Vinayaga Impex Pvt Ltd                  TL                 CRISIL D       4.6     Reaffirmed
(Issuer Not Cooperating)
Virender Singh Harinder Singh           LT Loan            CRISIL BB-     58      Reaffirmed
(Issuer Not Cooperating)
Vishwasrao Naik Sahkari Sakhar Karkhana CC                 CRISIL B-      75      Reaffirmed
Ltd
(Issuer Not Cooperating)
Vishwasrao Naik Sahkari Sakhar Karkhana Proposed LT Bk     CRISIL B-      25      Reaffirmed
Ltd                                     Loan Fac
(Issuer Not Cooperating)
Winfab Equipments Pvt Ltd               CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Winfab Equipments Pvt Ltd               Proposed CC Limit  CRISIL B       5       Reaffirmed
(Issuer Not Cooperating)
Y.S.R.Spinning and Weaving Mills Pvt LtdCC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Y.S.R.Spinning and Weaving Mills Pvt LtdProposed CC Limit  CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Y.S.R.Spinning and Weaving Mills Pvt LtdTL                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Young India Films                       CC                 CRISIL B+      52.5    Assigned
Zero Microfinance and Savings Support   Proposed LT Bk     CRISIL B-      150     Reaffirmed
Foundation                              Loan Fac
(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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