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CRISIL ratings for Indian debt instruments-Oct 1

   Oct 1 - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of September 30, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Apollo Hospitals International Ltd     Overdraft         CRISIL A2+    180    Reaffirmed
Bajaj Steel Industries Ltd             BG                CRISIL A2+    45     -
(Upgraded from 'CRISIL A3+')
Bajaj Steel Industries Ltd             Loan Equivalent   CRISIL A2+    30     -
                                       Risk Limits
(Upgraded from 'CRISIL A3+')
Bajaj Steel Industries Ltd             Proposed Bill     CRISIL A2+    100    -
                                       Discounting Fac
(Upgraded from 'CRISIL A3+')
Cargill India Pvt Ltd                  CP Programme      CRISIL A1+    3000   Reaffirmed
Cholamandalam Investment and Finance   CP                CRISIL A1+    80000  Reaffirmed
Co. Ltd
CMK Projects Pvt Ltd                   Proposed ST Bk    CRISIL A3     300    Assigned
                                       Loan Fac
CMK Projects Pvt Ltd                   BG                CRISIL A3     250    Assigned
Crystal Crop Protection Ltd            LOC               CRISIL A1     2680   Reaffirmed
Dmsons Metal Pvt Ltd                   LOC               CRISIL A3     800    -
(Downgraded from 'CRISIL A3+')
Dmsons Metal Pvt Ltd                   Proposed NFBL     CRISIL A3     60     -
(Downgraded from 'CRISIL A3+')
Drishti Apparels                       Export Packing    CRISIL A4+    140    Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting*
(*Includes sublimit of EPC/PCFC of Rs 8Cr and overdraft of Rs 0.5 Cr.)
Drishti Apparels                       Foreign Exchange  CRISIL A4+    40     Reaffirmed
                                       Forward
Dusters Total Solutions Services Pvt LtBG                CRISIL A1     25     -
(Upgraded from 'CRISIL A2+')
Eurokids International Pvt Ltd         Overdraft         CRISIL A2+    280    Assigned
G. K. Plastics Pvt Ltd                 BG                CRISIL A4     1.6    Assigned
Gopal Sponge and Power Pvt Ltd         BG                CRISIL A2     12.5   Reaffirmed
Gopal Sponge and Power Pvt Ltd         LOC               CRISIL A2     137.5  Reaffirmed
GVK Biosciences Pvt Ltd                CP                CRISIL A1+    500    Reaffirmed
GVK Biosciences Pvt Ltd                LOC               CRISIL A1+    470    Reaffirmed
Indiana Steel Corporation              LOC               CRISIL A4     6.8    Reaffirmed
Jalan Jee Polytex Ltd                  LOC               CRISIL A4     10     -
(Upgraded from 'CRISIL D')
JM Financial Capital Ltd               CP Issue*         CRISIL A1+    12500  Assigned
(*Assigned for initial/ follow-on public offer financing on episodic basis)
JM Financial Capital Ltd               ST Debt (Including CRISIL A1+   10000  Reaffirmed
                                       CP)
JM Financial Capital Ltd               CP Issue*         CRISIL A1+    12500  Reaffirmed
(*Assigned for initial/ follow-on public offer financing on episodic basis)
Kejriwal Dyeing and Printing Mills Pvt LOC               CRISIL A2+    22.5   Reaffirmed
Ltd
Kotec Automotive Services India Pvt Ltd BG               CRISIL A3     10     Assigned
Metropolis Healthcare Ltd              Proposed ST Bk    CRISIL A1+    50     Assigned
                                       Loan Fac
Nirav Metals Pvt Ltd                   BG                CRISIL A4     10     -
(Downgraded from 'CRISIL A4+')
Nirav Metals Pvt Ltd                   LOC               CRISIL A4     15     -
(Downgraded from 'CRISIL A4+')
Oblum Electrical Industries Pvt Ltd    BG                CRISIL A4+    140    Reaffirmed
Orient Craft Ltd                       Non-FBL           CRISIL A4+    1640   -
(Continues on 'Rating Watch with Negative Implications')
Orient Craft Ltd                       Proposed NFBL     CRISIL A4+    110    -
(Continues on 'Rating Watch with Negative Implications')
Popular Mega Motors India Pvt Ltd      BG                CRISIL A3+    10     Reaffirmed
Powertech Constructions Pvt Ltd        Overdraft         CRISIL A4+    36     Assigned
Raghunath Dye Chem Pvt Ltd             LOC               CRISIL A4+    10     Assigned
Ramesh Kumar Bansal                    BG                CRISIL A3     90     Assigned
Ramesh Kumar Bansal                    Overdraft         CRISIL A3     10     Assigned
Redington India Ltd                    BG                CRISIL A1+    1150   Reaffirmed
Redington India Ltd                    ST Loan           CRISIL A1+    11060  Reaffirmed
Redington India Ltd                    CP                CRISIL A1+    19000  Reaffirmed
S K Bikes Pvt Ltd                      BG                CRISIL A3     280    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Service Master Clean Ltd               BG                CRISIL A1     705    -
(Upgraded from 'CRISIL A2+')
Sharu Steels Pvt Ltd                   LOC               CRISIL A4+    200    Assigned
Shree Electromelts Ltd                 LOC               CRISIL A3     500    Reaffirmed
Shubhlaxmi Polytex Ltd                 LOC               CRISIL A4+    35     -
(Downgraded from 'CRISIL A3+'; Placed on 'Rating Watch with Negative Implications')
Siddheshwari Industries Pvt Ltd        BG                CRISIL A3+    25     Reaffirmed
Siddheshwari Industries Pvt Ltd        LOC               CRISIL A3+    150    Reaffirmed
Siddheshwari Industries Pvt Ltd        Non-FBL           CRISIL A3+    6      Reaffirmed
Sundaram Mutual Fund                   Proposed ST Bk    CRISIL A1+    10000  Reaffirmed
                                       Loan Fac
Sundaram Mutual Fund                   ST Bk Fac         CRISIL A1+    15000  Reaffirmed
Surajit Deka                           BG                CRISIL A4     15     Assigned
Tata Autocomp Systems Ltd              LOC*              CRISIL A1+    600    Reaffirmed
(*Interchangeable with bank guarantee)
Ulka Sea Foods Pvt Ltd                 Post Shipment     CRISIL A2     250    Assigned
                                       Credit
Ulka Sea Foods Pvt Ltd                 Foreign Exchange  CRISIL A2     40     Assigned
                                       Fac
Victoria Foods Pvt Ltd                 Inland/Import LOC CRISIL A3+    561    Reaffirmed
Victoria Foods Pvt Ltd                 LOC               CRISIL A3+    290    Reaffirmed


LONG TERM RATINGS:
-------------------
Akshay Enterprises - Mumbai            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Anmol Cold Storage                     CC                CRISIL        2.5    Assigned
                                                         BB-/Stable
Anmol Cold Storage                     TL                CRISIL        38.5   Assigned
                                                         BB-/Stable
Apollo Hospitals International Ltd     TL                CRISIL        920    Reaffirmed
                                                         A-/Stable
Arabian Gold and Diamonds Kayamkulam   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Asian Concretes and Cements Pvt Ltd    Proposed TL       CRISIL        900    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A+/Negative')
Asian Fine Cements Pvt Ltd             CC                CRISIL        150    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Asian Fine Cements Pvt Ltd             Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Asian Fine Cements Pvt Ltd             TL                CRISIL        730    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Negative)
Baid Synthetics Pvt Ltd                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bajaj Steel Industries Ltd             CC^               CRISIL        300    -
                                                         A-/Stable
(Upgraded from 'CRISIL BBB/Positive' . ^Includes sublimit of loan equivalent risk (LER) of Rs 1
crore)
Bajaj Steel Industries Ltd             CC!               CRISIL        150    -
                                                         A-/Stable
(Upgraded from 'CRISIL BBB/Positive' . !Includes sub limits of Letter of Credit limit to the
tune of Rs. 4 Cr., Bank Guarantee limit of Rs. 0.5 Cr. & Loa
Bajaj Steel Industries Ltd             Proposed BG       CRISIL        355    -
                                                         A-/Stable
(Upgraded from 'CRISIL BBB/Positive')
Bajaj Steel Industries Ltd             Proposed Overdraft CRISIL       180    -
                                       Fac               A-/Stable
(Upgraded from 'CRISIL BBB/Positive')
Bloom Seal Containers Pvt Ltd          CC                CRISIL        100    Reaffirmed
                                                         BBB/Stable
Bloom Seal Containers Pvt Ltd          Proposed LT Bk    CRISIL        12     Reaffirmed
                                       Loan Fac          BBB/Stable
Bloom Seal Containers Pvt Ltd          TL                CRISIL        138    Reaffirmed
                                                         BBB/Stable
BRT Spinner Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
BSR Poultry Farm                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Candor Kolkata One Hi-Tech Structures  Proposed LT Bk    Provisional   13450  Assigned
Pvt Ltd                                Loan Fac          CRISIL AAA
Cholamandalam Investment and Finance   Lower Tier II     CRISIL        250    Reaffirmed
Co. Ltd                                Bonds             AA+/Stable 
CMK Projects Pvt Ltd                   CC/ Overdraft Fac CRISIL        200    Assigned
                                                         BBB-/Stable
Cosco India Ltd                        CC                CRISIL        297.5  Reaffirmed
                                                         BBB/Stable
Cosco India Ltd                        Proposed FB Bk    CRISIL        42.5   Reaffirmed
                                       Limits            BBB/Stable
Crystal Crop Protection Ltd            CC                CRISIL        3740   Reaffirmed
                                                         A/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Crystal Crop Protection Ltd            TL                CRISIL        80     -
                                                         A/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Dmsons Metal Pvt Ltd                   CC                CRISIL        80     -
                                                         BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Dmsons Metal Pvt Ltd                   Proposed FB Bk    CRISIL        60     -
                                       Limits            BBB-/Stable
(Downgraded from 'CRISIL BBB/Stable')
Drishti Apparels                       Foreign Currency TCRISIL        20     Reaffirmed
                                                         BB-/Stable
Dusters Total Solutions Services Pvt LTD CC              CRISIL        670    -
                                                         A/Stable
(Upgraded from 'CRISIL A-/Stable')
Eurokids International Pvt Ltd         Overdraft         CRISIL        200    Reaffirmed
                                                         A-/Stable
Festus Properties Pvt Ltd              Proposed LT Bk    Provisional   7250   Assigned
                                       Loan Fac          CRISIL
                                                         AAA/Stable
G. K. Plastics Pvt Ltd                 CC                CRISIL        48.4   Assigned
                                                         B+/Stable
Gee Filaments Pvt Ltd                  CC                CRISIL        148    Assigned
                                                         A-/Stable
Gee Filaments Pvt Ltd                  TL                CRISIL        52     Assigned
                                                         A-/Stable
Gopal Sponge and Power Pvt Ltd         CC                CRISIL        150    Reaffirmed
                                                         BBB+/Stable
Gopal Sponge and Power Pvt Ltd         Proposed LT Bk    CRISIL        68     Reaffirmed
                                       Loan Fac          BBB+/Stable
Gorakhpur Dugdh Utpadak Sahkari Sangh  Rating Advisory   -             -      -
Ltd
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
GVK Biosciences Pvt Ltd                External          CRISIL        447    -
                                       Commercial        AA-/Stable
                                       Borrowings
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd                Proposed LT Bk    CRISIL        310    -
                                       Loan Fac          AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd                TL                CRISIL        1250   -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd                WC Fac*           CRISIL        908    -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive' 
*Fully interchangeable with letter of credit/buyers' credit/bank guarantee)
GVK Biosciences Pvt Ltd                WC Fac            CRISIL        400    -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
GVK Biosciences Pvt Ltd                NCD               CRISIL        750    -
                                                         AA-/Stable
(Upgraded from 'CRISIL A+/Positive')
Harlalka Manufacturing Enterprisers    CC                CRISIL        85     Assigned
                                                         BB+/Stable
Indiana Steel Corporation              CC                CRISIL B/Stabl63.2   -
J S Exim Pvt Ltd                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jakharia Fabric Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jalan Jee Polytex Ltd                  CC                CRISIL        90     -
                                                         B-/Stable
(Upgraded from 'CRISIL D')
Janani International Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
JM Financial Capital Ltd               NCD               CRISIL AA/Stab2000   Reaffirmed
Kandhavilas Agro Foods                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kejriwal Dyeing and Printing Mills Pvt CC                CRISIL        40     Reaffirmed
Ltd                                                      A-/Stable
Kejriwal Dyeing and Printing Mills Pvt TL                CRISIL        23     Reaffirmed
Ltd                                                      A-/Stable
Kejriwal Geotech Pvt Ltd               CC                CRISIL        450    Reaffirmed
                                                         A-/Stable
Kejriwal Geotech Pvt Ltd               TL                CRISIL        838.5  Reaffirmed
                                                         A-/Stable
Kotec Automotive Services India Pvt Ltd CC               CRISIL        33     Assigned
                                                         BBB-/Stable
Kotec Automotive Services India Pvt Ltd Proposed WC Fac  CRISIL        57     Assigned
                                                         BBB-/Stable
Kumar Agro Refinery Pvt Ltd            Proposed LT Bk    CRISIL        250    Assigned
                                       Loan Fac          BB/Stable
Kunnath Paper Mills Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Landmark Royal Engineering India Pvt Ltd Rating Advisory -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Magenta Distributors Pvt Ltd           CC                CRISIL        65     Reaffirmed
                                                         B/Stable
Magenta Distributors Pvt Ltd           Proposed LT Bk    CRISIL        25.3   Reaffirmed
                                       Loan Fac          B/Stable
Magenta Distributors Pvt Ltd           TL                CRISIL        33     Reaffirmed
                                                         B/Stable
Mashkoor Cold Storage Pvt Ltd          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mehra Novelties                        CC                CRISIL        57.5   Assigned
                                                         B+/Stable
Metropolis Healthcare Ltd              Proposed LT Bk    CRISIL        1450   Reaffirmed
                                       Loan Fac          AA-/Stable
Metropolis Healthcare Ltd              NCD               CRISIL        2500   Reaffirmed
                                                         AA-/Stable
MSR India Ltd                          Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
NF Forgings Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nirav Metals Pvt Ltd                   CC                CRISIL        55     -
                                                         B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Nirav Metals Pvt Ltd                   Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Nithya Tobaccos                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Nouveau Textiles Pvt Ltd               Proposed LT Bk    CRISIL        200    Assigned
                                       Loan Fac          B/Stable
Oberoi Construction                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Oblum Electrical Industries Pvt Ltd    CC                CRISIL        65     Reaffirmed
                                                         BB/Stable
Orient Craft Ltd                       CC*               CRISIL BB-    5000   -
(*Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications'.
Interchangeable with export packing credit, packing credit in for
Orient Craft Ltd                       Proposed CC Limit*CRISIL BB-    250    -
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications'.
*Interchangeable with export packing credit, packing credit in for
Orient Craft Ltd                       Proposed LT Bk    CRISIL BB-    30.4   -
                                       Loan Fac
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications')
Orient Craft Ltd                       Rupee TL          CRISIL BB-    3469.6 -
(Downgraded from 'CRISIL BB+'; Continues on 'Rating Watch with Negative Implications')
Padma Plywood Pvt Ltd                  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Popular Mega Motors India Pvt Ltd      CC                CRISIL        90     Reaffirmed
                                                         BBB/Negative
Popular Mega Motors India Pvt Ltd      Channel Financing CRISIL        549    Reaffirmed
                                                         BBB/Negative
Popular Mega Motors India Pvt Ltd      Inventory Funding CRISIL        810.5  Reaffirmed
                                       Fac               BBB/Negative
Popular Mega Motors India Pvt Ltd      TL                CRISIL        50.5   Reaffirmed
                                                         BBB/Negative
Popular Mega Motors India Pvt Ltd      WC Fac            CRISIL        87.5   Assigned
                                                         BBB/Negative
Powertech Constructions Pvt Ltd        Proposed LT Bk    CRISIL        14     Assigned
                                       Loan Fac          BB-/Stable
Pressmach Infrastructure Pvt Ltd       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
R G Bronze Mfg. Company Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Raghunath Dye Chem Pvt Ltd             Proposed LT Bk    CRISIL        26.8   Assigned
                                       Loan Fac          BB-/Stable
Raghunath Dye Chem Pvt Ltd             CC                CRISIL        33.2   Assigned
                                                         BB-/Stable
Raj Hair International Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ramesh Kumar Bansal                    TL                CRISIL        32     Assigned
                                                         BBB-/Stable
Ramesh Kumar Bansal                    Proposed BG       CRISIL        18     Assigned
                                                         BBB-/Stable
RD Forge Pvt Ltd                       Export Packing    CRISIL        50     Reaffirmed
                                       Credit            BB-/Stable
RD Forge Pvt Ltd                       Proposed CC Limit CRISIL        10     Reaffirmed
                                                         BB-/Stable
RD Forge Pvt Ltd                       Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          BB-/Stable
RD Forge Pvt Ltd                       TL                CRISIL        35     Reaffirmed
                                                         BB-/Stable
Redington India Ltd                    CC                CRISIL        4500   Reaffirmed
                                                         AA/Stable
Redington India Ltd                    Proposed LT Bk    CRISIL        790    Reaffirmed
                                       Loan Fac          AA/Stable
S K Bikes Pvt Ltd                      Bill Discounting  CRISIL        150    -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd                      CC                CRISIL        175    -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd                      Foreign LOC       CRISIL        50     -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd                      LT Loan           CRISIL        6.9    -
                                                         BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S K Bikes Pvt Ltd                      Proposed LT Bk    CRISIL        48.1   -
                                       Loan Fac          BBB-/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
S S Multi Services                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sai Spacecon India Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sanya Motors Pvt Ltd                   CC                CRISIL        120    Reaffirmed
                                                         B-/Stable
Sanya Motors Pvt Ltd                   Inventory Funding CRISIL        100    Reaffirmed
                                       Fac               B-/Stable
Sanya Motors Pvt Ltd                   Proposed LT Bk    CRISIL        155    Reaffirmed
                                       Loan Fac          B-/Stable
Service Master Clean Ltd               CC                CRISIL        750    -
                                                         A/Stable
(Upgraded from 'CRISIL A-/Stable')
Service Master Clean Ltd               TL                CRISIL        170    -
                                                         A/Stable
(Upgraded from 'CRISIL A-/Stable')
Shantiniketan Properties Pvt Ltd       Proposed LT Bk    Provisional   2600   Assigned
                                       Loan Fac          CRISIL
                                                         AAA/Stable^
(^A prefix of 'Provisional' indicates that the rating centrally factors in the strength of
specific structures, and will be supported by certain critical documentation by the issuer,
without which the rating would either have been different or not assigned ab initio. This is in
compliance with the directive issued by the Securities and Exchange Board of India (SEBI) on May
6, 2015, on 'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)'.)
Sharu Steels Pvt Ltd                   WC TL             CRISIL        29.6   Assigned
                                                         BB/Stable
Sharu Steels Pvt Ltd                   WC Demand Loan    CRISIL        17     Assigned
                                                         BB/Stable
Sharu Steels Pvt Ltd                   CC                CRISIL        170    Assigned
                                                         BB/Stable
Shree Electromelts Ltd                 CC                CRISIL        75     Reaffirmed
                                                         BBB-/Stable
Shree Gopal Motors                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shubhlaxmi Polytex Ltd                 CC                CRISIL BB+    287.5  -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Shubhlaxmi Polytex Ltd                 Proposed CC Limit CRISIL BB+    2.5    -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Shubhlaxmi Polytex Ltd                 TL                CRISIL BB+    425    -
(Downgraded from 'CRISIL BBB/Stable'; Placed on 'Rating Watch with Negative Implications')
Siddheshwari Industries Pvt Ltd        CC                CRISIL        250    Reaffirmed
                                                         BBB/Stable
Siddheshwari Industries Pvt Ltd        LT Loan           CRISIL        99     Reaffirmed
                                                         BBB/Stable
Simbhaoli Sugars Ltd                   CC                CRISIL D      3087.5 Reaffirmed
Simbhaoli Sugars Ltd                   LOC & BG          CRISIL D      835    Reaffirmed
Simbhaoli Sugars Ltd                   Proposed LT Bk    CRISIL D      1293.2 Reaffirmed
                                       Loan Fac
Simbhaoli Sugars Ltd                   TL                CRISIL D      2220.6 Reaffirmed
Simbhaoli Sugars Ltd                   WC TL*            CRISIL D      499.9  Reaffirmed
(* Working capital term loan was sanctioned as a part of corporate debt restructuring)
Solarfield Energy Two Pvt Ltd          Proposed FB Bk    CRISIL        21.5   Reaffirmed
                                       Limits            A+/Stable
Solarfield Energy Two Pvt Ltd          TL                CRISIL        172    Assigned
                                                         A+/Stable
Southern Power Distribution Company of CC                CRISIL        5500   -
Andhra Pradesh Ltd                                       BB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Southern Power Distribution Company of Proposed LT Bk    CRISIL        25400  -
Andhra Pradesh Ltd                     Loan Fac          BB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Spark Electricals & Projects Pvt Ltd   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Speedofer Components Pvt Ltd           Proposed LT Bk    CRISIL        10     Assigned
                                       Loan Fac          B-/Stable
Speedofer Components Pvt Ltd           CC                CRISIL        55     Assigned
                                                         B-/Stable
Speedofer Components Pvt Ltd           Foreign LOC       CRISIL        35     Assigned
                                                         B-/Stable
Surajit Deka                           CC                CRISIL        55     Assigned
                                                         B+/Stable
Swaraj Sulz Pvt Ltd                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Tamilnadu Petroproducts Ltd            CC                -             560    Withdrawn
Tamilnadu Petroproducts Ltd            LOC               -             630    Withdrawn
Tata Autocomp Systems Ltd              NCD               -             1000   Withdrawn
Tata Autocomp Systems Ltd              CC                CRISIL        500    Reaffirmed
                                                         AA-/Stable
Tata Autocomp Systems Ltd              Export Packing    CRISIL        300    Reaffirmed
                                       Credit            AA-/Stable
Tata Autocomp Systems Ltd              Rupee TL          CRISIL        1000   Reaffirmed
                                                         AA-/Stable
Tech Sis Ltd                           CC                CRISIL        50     Reaffirmed
                                                         BBB+/Stable
Tech Sis Ltd                           Proposed LT Bk    CRISIL        200    Reaffirmed
                                       Loan Fac          BBB+/Stable
Theji Electrical                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Thirumurugan Company                   CC                CRISIL        150    Reaffirmed
                                                         BB+/Stable
Touch Wood Infra Ventures Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Trendset Builders Pvt Ltd              Lease Rental      CRISIL        200    -
                                       Discounting Loan  BB-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB/Stable)
Trendset Builders Pvt Ltd              Proposed LT Bk    CRISIL        800    -
                                       Loan Fac          BB-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB/Stable)
Ulka Sea Foods Pvt Ltd                 Standby Line of   CRISIL        100    Assigned
                                       Credit            BBB+/Stable
Ulka Sea Foods Pvt Ltd                 Proposed LT Bk    CRISIL        60     Assigned
                                       Loan Fac          BBB+/Stable
Ulka Sea Foods Pvt Ltd                 Export Packing    CRISIL        250    Assigned
                                       Credit            BBB+/Stable
Unique International Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Urmila Rcp Projects Pvt Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Victoria Foods Pvt Ltd                 CC                CRISIL        360    Reaffirmed
                                                         BBB/Stable
Victoria Foods Pvt Ltd                 Cash TL           CRISIL        48.7   Reaffirmed
                                                         BBB/Stable
Victoria Foods Pvt Ltd                 Proposed WC Fac   CRISIL        120.3  Reaffirmed
                                                         BBB/Stable
Victoria Foods Pvt Ltd                 Secured Overdraft CRISIL        180    Reaffirmed
                                       Fac               BBB/Stable
--------------------------------------------------------------------------------------------
$: 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@refinitiv.com)
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