October 1, 2018 / 7:29 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Oct 1: Part II

    Oct 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 28, 2018 (Part II).


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
LONG TERM RATINGS:
-------------------
Hindustan Agro Products Ltd             CC                 CRISIL B+      110     Reaffirmed
Hindustan Agro Products Ltd             LT Loan            CRISIL B+      15      Reaffirmed
Hindustan Agro Products Ltd             Proposed LT Bk     CRISIL B+      115     Reaffirmed
                                        Loan Fac
Hindustan Fluorocarbons Ltd             CC                 CRISIL C       51.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Hindustan Fluorocarbons Ltd             Proposed LT Bk     CRISIL C       59.7    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Hindustan Hardy Ltd                     CC                 CRISIL BB-     55      Reaffirmed
Hindustan Hardy Ltd                     Proposed WC Fac    CRISIL BB-     60.3    Reaffirmed
Hindustan Hardy Ltd                     TL                 CRISIL BB-     21      Reaffirmed
Hindustan Hatcheries Pvt Ltd            CC                 CRISIL BB      20
Upgraded from 'CRISIL BB-/Stable'
Hindustan Hatcheries Pvt Ltd            LT Loan            CRISIL BB      50
Upgraded from 'CRISIL BB-/Stable'
Hindustan Sales Pvt Ltd                 Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Hindustan Tea Exporters                 Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
Holoflex Ltd                            CC                 CRISIL BB+     63.5
Downgraded from 'CRISIL BBB-/Stable'
Holoflex Ltd                            LT Loan            CRISIL BB+     60
Downgraded from 'CRISIL BBB-/Stable'
Holoflex Ltd                            Proposed LT Bk     CRISIL BB+     86.5
                                        Loan Fac
Downgraded from 'CRISIL BBB-/Stable'
Horizon Global Ltd                      Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Hotel Chandradeep Regency               TL                 CRISIL B       60      Assigned
Hotel Dee Emm Residency                 Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Hypnotik Clothing Pvt Ltd               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
I M Healthcare Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Incom Wires and Cables Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
India Japan Lighting Pvt Ltd            External           CRISIL BBB+    146.5
                                        Commercial
                                        Borrowings
Upgraded from CRISIL BBB+
India Japan Lighting Pvt Ltd            LT Loan            CRISIL BBB+    900
Upgraded from CRISIL BBB+
India Japan Lighting Pvt Ltd            Proposed LT Bk     CRISIL BBB+    113.5
                                        Loan Fac
Upgraded from CRISIL BBB+
Inland Power Ltd                        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Innovative Tyres and Tubes Ltd          CC                 CRISIL BBB+    150     Assigned
INOX Leisure Ltd                        CC                 CRISIL AA-     250
Upgraded from 'CRISIL A+/Positive'
INOX Leisure Ltd                        Proposed TL        CRISIL AA-     63.9
Upgraded from 'CRISIL A+/Positive'
INOX Leisure Ltd                        TL                 CRISIL AA-     2344.4
Upgraded from 'CRISIL A+/Positive'
Inox Wind Infrastructure Services Ltd   NCD                CRISIL AA (SO) 3000    Reaffirmed
Inox Wind Infrastructure Services Ltd   TL                 CRISIL AA(SO)  1000    Reaffirmed
Inox Wind Ltd                           CC@                CRISIL A-      6100    Reaffirmed
Outlook revised from 'Stable' and rating 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
Outlook revised from 'Stable' and rating reaffirmed
Inventaa Industries Pvt Ltd             CC                 CRISIL BBB+    293.5   Reaffirmed
Inventaa Industries Pvt Ltd             LT Loan            CRISIL BBB+    670     Reaffirmed
J R Tantia Charitable Trust             LT Loan            CRISIL BBB     279.5   Assigned
J R Tantia Charitable Trust             Overdraft          CRISIL BBB     90      Assigned
J.G.Chemicals Pvt Ltd                   CC                 CRISIL BBB     350
Upgraded from CRISIL BBB-
J.R.D. International Ltd                Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jai Maangarh Palace                     LT Loan            CRISIL B       74      Assigned
Jain Steel Industries                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jalaram Polymers Pvt Ltd                Proposed WC Fac    CRISIL BB-     15      Assigned
Jalaram Polymers Pvt Ltd                CC                 CRISIL BB-     15      Assigned
Janta Rice Mill                         Warehouse Receipts CRISIL BB-     25      Assigned
Janta Rice Mill                         CC                 CRISIL BB-     95      Assigned
Janta Rice Mill                         TL                 CRISIL BB-     3.2     Assigned
Jay Jagdamba Ltd                        CC                 CRISIL BBB     1120    Reaffirmed
Jay Jagdamba Ltd                        TL                 CRISIL BBB     375     Reaffirmed
Jay Plast International                 Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jaya Jeya Agro Food Products Pvt Ltd    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
JDC Infratech Pvt Ltd                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Jhajjar Power Ltd                       LT Loan            CRISIL AA-     7810    Reaffirmed
Jhajjar Power Ltd                       Proposed LT Bk     CRISIL AA-     2190    Reaffirmed
                                        Loan Fac
JLC Electromet Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K Patel Phyto Extractions Pvt Ltd       BG                 -              1.5     Withdrawn
Issuer Not Cooperating
K Patel Phyto Extractions Pvt Ltd       CC                 -              70      Withdrawn
Issuer Not Cooperating
K Patel Phyto Extractions Pvt Ltd       Proposed LT Bk     -              168.5   Withdrawn
                                        Loan Fac
Issuer Not Cooperating
K. K. Fibers                            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K.G.P. Gold Palace                      Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
K.S.M. Bashir Mohammad & Sons           CC                 CRISIL BBB-    150
Issuer not cooperating
K.T. Spinning Mills Pvt Ltd             Proposed LT Bk     CRISIL BB-     10      Assigned
                                        Loan Fac
K.T. Spinning Mills Pvt Ltd             Overdraft          CRISIL BB-     65      Assigned
Kailash Rice and General Mills - KaithalCC                 CRISIL B+      80      Assigned
Kaira Can Co. Ltd                       CC                 CRISIL A-      125     Reaffirmed
Kaira Can Co. Ltd                       WC Fac             CRISIL A-      150     Reaffirmed
Kaler Electricals Pvt Ltd               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kalra Agro Industries                   CC                 CRISIL B+      55      Reaffirmed
Kalra Agro Industries                   Foreign LOC        CRISIL B+      5.5     Reaffirmed
Kalra Agro Industries                   TL                 CRISIL B+      19.5    Reaffirmed
Kamadhenu Jewellery Pvt Ltd             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kamala Metachem                         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kapoor Glass (India) Pvt Ltd            CC                 CRISIL B+      7       Assigned
Kapoor Glass (India) Pvt Ltd            Foreign Currency TLCRISIL B+      119.5   Assigned
Karikkinethu Silk Galeria               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Karniz Packs LLP                        CC                 CRISIL B       39      Assigned
Karniz Packs LLP                        TL                 CRISIL B       67.4    Assigned
Karolia Lighting Pvt Ltd                Proposed LT Bk     CRISIL BB+     20      Assigned
                                        Loan Fac
Karolia Lighting Pvt Ltd                CC                 CRISIL BB+     75      Assigned
Kavita Industries                       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kays Jewels Ltd                         CC                 CRISIL BBB     205     Reaffirmed
Kays Jewels Ltd                         Export Packing     CRISIL BBB     30      Reaffirmed
                                        Credit
KCL Ltd                                 CC                 CRISIL BBB     81      Reaffirmed
KCL Ltd                                 LT Loan            CRISIL BBB     366.1   Reaffirmed
KCL Ltd                                 Non- FBL           CRISIL BBB     47      Reaffirmed
KCL Ltd                                 Proposed Fund-     CRISIL BBB     103.9   Reaffirmed
                                        Based Bk Limits
KCL Ltd                                 WC Fac             CRISIL BBB     40      Reaffirmed
Keggfarms Pvt Ltd                       CC                 CRISIL BB      150
Upgraded from 'CRISIL BB-/Stable'
Kela Rice Industries                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kesar Petroproducts Ltd                 Proposed CC /      CRISIL BB+     200     Reaffirmed
                                        Bills Discounting
                                        Limit
Issuer Not Cooperating
Keshav Ginning and Pressing Factory     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Keshav Hospital Pvt Ltd                 Proposed TL        CRISIL BB-     130     Assigned
KGP Jewellers                           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Khyati Foods Pvt Ltd                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Krishna Towers                          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
KSD Zonne Energie LLP                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Kundan Cars Pvt Ltd                     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
L G Electronics India Pvt Ltd           WC Demand Loan#    CRISIL AAA     4475
Upgraded from 'CRISIL AA+/Positive' ; #Interchangeable with overdraft, foreign bill discounting,
export credit loan, import credit loan, purchase bill discounting, sales bill discounting,
letter of credit, and bank guarantee 
L G Electronics India Pvt Ltd           Proposed LT Bk     -              1000    Withdrawn
                                        Loan Fac
L R N Finance Ltd                       Proposed LT Bk     CRISIL D       100     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
L R N Finance Ltd                       NCD                CRISIL D       300
Issuer Not Cooperating 
L R N Finance Ltd                       NCD                CRISIL D       300
Issuer Not Cooperating 
L R N Finance Ltd                       NCD                CRISIL D       250
Issuer Not Cooperating 
Lado Ceramic Pvt. Ltd.                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lala Nemi Chand Educational Trust       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lalan Kumar                             Overdraft          CRISIL BB-     42.5    Assigned
Lalwani Ferro Alloys Ltd                CC                 CRISIL BBB+    30      Assigned
Lamiya Silks - Triprayar                Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Laxmi Agni Components and Forgings Pvt  Ratings            -              -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Laxminarayan Spinners (I) Pvt Ltd       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Leben Laboratories Pvt Ltd              Packing Credit     CRISIL BBB-    120     Reaffirmed
Lekh Raj Narinder Kumar                 CC                 CRISIL BB-     20      Reaffirmed
Lekh Raj Narinder Kumar                 Proposed LT Bk     CRISIL BB-     74.9    Reaffirmed
                                        Loan Fac
Lekh Raj Narinder Kumar                 TL                 CRISIL BB-     45      Reaffirmed
Lekh Raj Narinder Kumar                 Warehouse Receipts CRISIL BB-     250     Reaffirmed
Lemorex Granito LLP                     CC                 CRISIL BB      100
Upgraded from 'CRISIL B+/Stable'
Lemorex Granito LLP                     LT Loan            CRISIL BB      268.5
Upgraded from 'CRISIL B+/Stable'
Lemorex Granito LLP                     Proposed LT Bk     CRISIL BB      51.5
                                        Loan Fac
Upgraded from 'CRISIL B+/Stable'
Limenaph Chemicals Pvt Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Lion Fabrics Pvt Ltd                    CC                 CRISIL BB-     224.3   Reaffirmed
Issuer Not Cooperating; Rating Migrated
Lion Fabrics Pvt Ltd                    TL                 CRISIL BB-     655.7   Reaffirmed
Issuer Not Cooperating; Rating Migrated
Living Media India Ltd                  CC                 CRISIL BBB-    335     Reaffirmed
Living Media India Ltd                  Proposed CC Limit  CRISIL BBB-    200     Reaffirmed
Living Media India Ltd                  Rupee TL           CRISIL BBB-    665     Reaffirmed
Lotus Construction Company              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
M. P. Associates                        TL                 CRISIL BB+     1000    Assigned
M.B. Laminators                         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Machino Polymers Ltd                    Overdraft          CRISIL BBB+    80      Assigned
Machino Polymers Ltd                    CC                 CRISIL BBB+    315     Assigned
Machino Polymers Ltd                    CC & WC demand loanCRISIL BBB+    350     Assigned
Magadh Industries Pvt Ltd               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Magbro Healthcare Pvt Ltd               CC                 CRISIL B-      70      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mahalakshmi Infraprojects Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mahalaxmi Seamless Ltd                  CC                 CRISIL B       40      Reaffirmed
Issuer Not Cooperating
Mahaveer Cotts Strings Pvt Ltd          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mahesh Extrusions Ltd                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mahindra and Mahindra Ltd               Fund- Based Fac    CRISIL AAA     3500    Reaffirmed
Mahindra and Mahindra Ltd               Proposed Fund-     CRISIL AAA     500     Assigned
                                        Based Bk Limits
Mahindra and Mahindra Ltd               NCD                CRISIL AAA     4750    Reaffirmed
Mahindra and Mahindra Ltd               NCD                CRISIL AAA     5000    Reaffirmed
Malabar Hotel Management and Catering   LT Loan            CRISIL BB      54      Reaffirmed
Promotion Trust
Malabar Tech                            CC                 CRISIL BB      35      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mangalam Organics Ltd                   CC                 CRISIL BBB+    220     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Manjeera Constructions Ltd              CC                 CRISIL B-      120     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Manjeera Constructions Ltd              WC TL              CRISIL B-      132.9   Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mann Mediciti Wellness Centre Pvt Ltd   CC                 CRISIL B+      58      Assigned
Mann Mediciti Wellness Centre Pvt Ltd   Proposed WC Fac    CRISIL B+      2       Assigned
Mantralaya Impex                        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mantras Green Resources Ltd             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Marino Food Products Pvt Ltd            CC                 CRISIL BB      30
Upgraded from 'CRISIL B+/Stable'
Marino Food Products Pvt Ltd            Proposed LT Bk     CRISIL BB      80
                                        Loan Fac
Upgraded from 'CRISIL B+/Stable'
Marino Food Products Pvt Ltd            TL                 CRISIL BB      180
Upgraded from 'CRISIL B+/Stable'
Mark Associates                         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Mayar Infrastructure Development Pvt LtdFunded Interest TL CRISIL B-      243.2
Downgraded from 'CRISIL B/Stable'
Mayar Infrastructure Development Pvt LtdTL                 CRISIL B-      1156.8
Downgraded from 'CRISIL B/Stable'
MBS Services                            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Medicamen Biotech Ltd                   CC                 CRISIL BBB-    180
Upgraded from 'CRISIL BB+/Stable'
Medicamen Biotech Ltd                   Proposed Fund-     CRISIL BBB-    110
                                        Based Bk Limits
Upgraded from 'CRISIL BB+/Stable'
Medley Pharmaceuticals Ltd              CC                 CRISIL A+      98      Reaffirmed
Medley Pharmaceuticals Ltd              CC*                CRISIL A+      425     Reaffirmed
*Fully interchangeable with working capital demand loan
Medley Pharmaceuticals Ltd              CC**               CRISIL A+      100     Reaffirmed
**Short-term loan sublimit of up to Rs 2.4 crore
Medley Pharmaceuticals Ltd              Proposed LT Bk     CRISIL A+      25.3    Reaffirmed
                                        Loan Fac
Medley Pharmaceuticals Ltd              TL                 CRISIL A+      26      Reaffirmed
Medley Pharmaceuticals Ltd              WC Fac             CRISIL A+      75      Reaffirmed
Megashop Retail LLP                     CC                 CRISIL BB      50      Assigned
MEP Infrastructure Pvt Ltd              Proposed LT Bk     -              75.1    Withdrawn
                                        Loan Fac
MEP Infrastructure Pvt Ltd              TL                 -              25254.9 Withdrawn
Merit Organics Ltd                      CC                 CRISIL B+      8       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Merit Organics Ltd                      Rupee TL           CRISIL B+      52.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Metecno India Pvt Ltd                   CC                 CRISIL BB      70      Assigned
Assigned; Suspension Revoked 
Metecno India Pvt Ltd                   Proposed LT Bk     CRISIL BB      145     Assigned
                                        Loan Fac
Assigned; Suspension Revoked 
Metecno India Pvt Ltd                   Standby Line of    CRISIL BB      20      Assigned
                                        Credit
Assigned; Suspension Revoked 
Metecno India Pvt Ltd                   TL                 CRISIL BB      165     Assigned
Assigned; Suspension Revoked 
Metropolis Healthcare Ltd               Proposed LT Bk     CRISIL AA-     1500    Reaffirmed
                                        Loan Fac
Metropolis Healthcare Ltd               NCD                CRISIL AA-     2500    Reaffirmed
Milestones Engineering Pvt Ltd          CC                 CRISIL BB+     12      Reaffirmed
Milestones Engineering Pvt Ltd          Proposed LT Bk     CRISIL BB+     10.5    Reaffirmed
                                        Loan Fac
Milestones Switchgears Pvt Ltd          CC                 CRISIL BB+     17.5    Reaffirmed
Milestones Switchgears Pvt Ltd          Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
MMP Industries Ltd                      CC                 CRISIL BBB+    290
Upgraded from 'CRISIL BBB/Stable'
MMP Industries Ltd                      Foreign Currency TLCRISIL BBB+    30
Upgraded from 'CRISIL BBB/Stable'
Modern Impex                            CC                 CRISIL A-      300     Reaffirmed
Modern Impex                            Packing Credit     CRISIL A-      50      Reaffirmed
Modern Impex                            Post Shipment      CRISIL A-      60      Reaffirmed
                                        Credit
Mrs.Bectors Food Specialities Ltd       CC*                CRISIL A+      350     Reaffirmed
*Includes Rs 18 crore of sublimit for export credit packing credit.
Mrs.Bectors Food Specialities Ltd       Overdraft          CRISIL A+      50      Reaffirmed
Mrs.Bectors Food Specialities Ltd       Proposed LT Bk     CRISIL A+      33.8    Reaffirmed
                                        Loan Fac
Mrs.Bectors Food Specialities Ltd       TL                 CRISIL A+      1274    Assigned
Mrs.Bectors Food Specialities Ltd       CC                 CRISIL A+      50      Assigned
M-Tech Equipments                       TL                 CRISIL BB-     40      Assigned
M-Tech Equipments                       CC                 CRISIL BB-     35      Assigned
M-Tech Equipments                       Proposed Fund-     CRISIL BB-     25      Assigned
                                        Based Bk Limits
Muthoot Housing Finance Co. Ltd         CC                 CRISIL A-      300     Reaffirmed
Muthoot Housing Finance Co. Ltd         Proposed LT Bk     CRISIL A-      893.7   Reaffirmed
                                        Loan Fac
Muthoot Housing Finance Co. Ltd         Proposed TL        CRISIL A-      1000    Reaffirmed
Muthoot Housing Finance Co. Ltd         TL                 CRISIL A-      6306.3  Assigned
Muthoot Housing Finance Co. Ltd         NCD                CRISIL A-      250
NBCC (India) Ltd                        BG                 CRISIL AA      15000   Reaffirmed
NBCC (India) Ltd                        Proposed BG        CRISIL AA      1000    Reaffirmed
Neerakkal Latex Pvt Ltd                 Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nettos Exporting and Importing Company  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
New Horizons Logiware Pvt Ltd           Proposed LT Bk     CRISIL BBB     190     Assigned
                                        Loan Fac
New Sri Balaji Poultry Farm             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Newsmen Associates Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nikita Papers Ltd                       CC                 CRISIL BBB-    100     Assigned
Assigned; Suspension Revoked 
Nirma Ltd                               CC*^$              CRISIL AA      15000   Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed ; * Interchangeable with letter of credit
and bank guarantee to the extent of Rs 445 crore; ^ Interchangeable with inland/import letter of
credit to the extent of Rs 50 crore; $ Interchangeable with bank guarantee to the extent of Rs
40 crore 
Nirma Ltd                               TL                 CRISIL AA      15000   Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed
Nirma Ltd                               NCD                CRISIL AA      3000
Outlook revised from 'Negative' and rating reaffirmed 
Nirma Ltd                               NCD                CRISIL AA      10000
Outlook revised from 'Negative' and rating reaffirmed 
Nirma Ltd                               NCD                CRISIL AA      9900
Outlook revised from 'Negative' and rating reaffirmed 
Nirma Ltd                               Perpetual NCD      CRISIL AA-     15000
Outlook revised from 'Negative' and rating reaffirmed 
Nirmaan Group                           Proposed TL        CRISIL B+      150     Assigned
Assigned; Suspension Revoked  
Northern Electric Cables Pvt Ltd        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Nusrath Metals Pvt Ltd                  Proposed LT Bk     CRISIL B       11.5    Assigned
                                        Loan Fac
Nusrath Metals Pvt Ltd                  CC                 CRISIL B       75      Assigned
Nusrath Metals Pvt Ltd                  LT Loan            CRISIL B       3.5     Assigned
Nuvoco Vistas Corporation Ltd           CC & WC demand     CRISIL AA      375     Reaffirmed
                                        loan ^
Outlook revised from 'Negative' and rating reaffirmed
Nuvoco Vistas Corporation Ltd           CC & WC demand loanCRISIL AA      750     Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed
Nuvoco Vistas Corporation Ltd           WC Demand Loan     CRISIL AA      200     Reaffirmed
Outlook revised from 'Negative' and rating reaffirmed
Nuvoco Vistas Corporation Ltd           NCD@               CRISIL AA      40000
Outlook revised from 'Negative' and rating reaffirmed ; @Transferred to Nuvoco Vistas
Corporation Ltd from Nirchem Cement Limited upon merger of the two entities. The
Ocean Motors Pvt Ltd                    CC                 CRISIL BB      130     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ocean Motors Pvt Ltd                    Channel Financing  CRISIL BB      100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ocean Motors Pvt Ltd                    Inventory Funding  CRISIL BB      260     Reaffirmed
                                        Fac
Issuer Not Cooperating; Rating Migrated
Ocean Motors Pvt Ltd                    LT Loan            CRISIL BB      62.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Odhav Met Trade Pvt. Ltd.               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Olympus Motors Pvt Ltd                  Inventory Funding  CRISIL BBB+    390
                                        Fac
Upgraded from 'CRISIL BBB/Stable'
Om Sakthi Constructions                 Overdraft          CRISIL B+      95      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Oorja On Move Infra Pvt Ltd             TL                 CRISIL B+      6.3     Assigned
Oorja On Move Infra Pvt Ltd             Proposed LT Bk     CRISIL B+      80.1    Assigned
                                        Loan Fac
Oorja On Move Infra Pvt Ltd             CC                 CRISIL B+      9.6     Assigned
Orion Water Treatment Pvt Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ori-Plast Ltd                           CC                 CRISIL BBB+    80      Reaffirmed
Ori-Plast Ltd                           Standby Line of    CRISIL BBB+    30      Reaffirmed
                                        Credit
Ori-Plast Ltd                           TL                 CRISIL BBB+    35.6    Reaffirmed
Ozone Logistics Pvt Ltd                 CC                 -              100     Withdrawn
Issuer Not Cooperating
P. C. Industries                        CC                 CRISIL B       55      Reaffirmed
P. C. Industries                        TL                 CRISIL B       19.9    Reaffirmed
P.K. Advertising Services Pvt Ltd       CC                 CRISIL BB-     100     Assigned
P.P.Kharpatil Constructions Pvt Ltd     CC                 CRISIL BBB-    40      Reaffirmed
P.P.Kharpatil Constructions Pvt Ltd     Drop Line          CRISIL BBB-    40      Reaffirmed
                                        Overdraft Fac
P.P.Kharpatil Constructions Pvt Ltd     Proposed LT Bk     CRISIL BBB-    136.8   Reaffirmed
                                        Loan Fac
P.P.Kharpatil Constructions Pvt Ltd     TL                 CRISIL BBB-    26.8    Assigned
Paloma Turning Co Pvt Ltd               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Param Polymers Pvt Ltd                  CC                 CRISIL BBB+    28      Reaffirmed
Parekh Innovative Logistics Solutions   CC                 CRISIL BBB-    50      Assigned
Pvt Ltd
Parekh Integrated Services Pvt Ltd      CC                 CRISIL BBB+    320     Reaffirmed
Parekh Integrated Services Pvt Ltd      CC & WC demand loanCRISIL BBB+    190     Reaffirmed
Parekh Integrated Services Pvt Ltd      Proposed LT Bk     CRISIL BBB+    692.5   Reaffirmed
                                        Loan Fac
Parekh Integrated Services Pvt Ltd      TL                 CRISIL BBB+    100     Reaffirmed
Parekh Plastichem Distributors LLP      Proposed LT Bk     CRISIL BB+     5       Assigned
                                        Loan Fac
Parekh Plastichem Distributors LLP      CC                 CRISIL BB+     5       Assigned
Parekh Polymer Distributors LLP         Proposed LT Bk     CRISIL BBB-    25      Assigned
                                        Loan Fac
Parekh Polymer Distributors LLP         Channel Financing  CRISIL BBB-    120     Assigned
Pawan Kumar Kanoi                       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
PBN Constructions Pvt Ltd               CC                 CRISIL B+      30      Reaffirmed
PBN Constructions Pvt Ltd               Proposed LT Bk     CRISIL B+      4.8     Reaffirmed
                                        Loan Fac
Pearl Infotech                          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pegasus Farmaco India Pvt Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pickwick Hygienic Products Pvt Ltd      Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pims Medical and Education Charitable   Ratings            -              -
Society
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pinnacle Tele Services Pvt Ltd          CC                 CRISIL BBB-    76      Assigned
Assigned; Suspension Revoked  
PLN Silks Pvt Ltd                       CC                 CRISIL BB      110     Reaffirmed
PLN Silks Pvt Ltd                       LT Loan            CRISIL BB      35      Reaffirmed
PLN Silks Pvt Ltd                       Proposed LT Bk     CRISIL BB      5       Assigned
                                        Loan Fac
Pluton Trading Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
PNP Engineering Works Pvt Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Pragati Enterprises                     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Precia Molen India Pvt Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Precision Electronic Instruments CompanyRatings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Premier Ispat Ltd                       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Prince Gold and Diamonds India Pvt Ltd  CC                 CRISIL BBB     1550
Downgraded from 'CRISIL BBB+/Stable'
Prince Gold and Diamonds India Pvt Ltd  CC & WC demand loanCRISIL BBB     750
Downgraded from 'CRISIL BBB+/Stable'
Prince Gold and Diamonds India Pvt Ltd  Cash TL            CRISIL BBB     105
Downgraded from 'CRISIL BBB+/Stable'
Prince Gold and Diamonds India Pvt Ltd  Proposed LT Bk     CRISIL BBB     5
                                        Loan Fac
Downgraded from 'CRISIL BBB+/Stable'
Prince Gold and Diamonds India Pvt Ltd  WC Demand Loan     CRISIL BBB     300
Downgraded from 'CRISIL BBB+/Stable'
Prince Roller Flour Mills Pvt Ltd       CC                 CRISIL BB      120     Reaffirmed
Priority Profiles Pvt Ltd               TL                 CRISIL BB-     80      Assigned
Prudential Rubber Pvt Ltd               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Purnapurshottam Exports                 Proposed LT Bk     CRISIL BB-     0.8     Assigned
                                        Loan Fac
Purnapurshottam Exports                 Export Packing     CRISIL BB-     41.8    Assigned
                                        Credit
Purnapurshottam Exports                 Foreign Bill       CRISIL BB-     57.4    Assigned
                                        Discounting
R. K. Lighting Pvt Ltd                  Bill Discounting   CRISIL BB-     145     Reaffirmed
Issuer Not Cooperating; Rating Migrated
R. K. Lighting Pvt Ltd                  CC                 CRISIL BB-     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
R. K. Lighting Pvt Ltd                  Proposed LT Bk     CRISIL BB-     35      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
R. K. Rice Tech Pvt Ltd                 CC                 CRISIL B+      80      Assigned
R. L. Khanna and Co. (Overseas)         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
R. S. Chauhan                           CC                 CRISIL B+      30      Reaffirmed
R.D. Brothers                           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Radhakrishna Contractors                CC                 CRISIL BB-     50      Assigned
Radhika Opto Electronics Pvt Ltd        Bill Discounting   CRISIL BB      210     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Radhika Opto Electronics Pvt Ltd        CC                 CRISIL BB      150     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Radhika Opto Electronics Pvt Ltd        Proposed LT Bk     CRISIL BB      25      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Raffles Green Pet India Pvt Ltd         CC                 CRISIL B-      40      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Raffles Green Pet India Pvt Ltd         Proposed LT Bk     CRISIL B-      1       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Raffles Green Pet India Pvt Ltd         TL                 CRISIL B-      49.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Raj Chopra & Company Pvt Ltd            TL                 CRISIL BBB+    253.4   Reaffirmed
RAJ Packaging Industries Ltd            CC                 CRISIL BB+     90      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Raj Traders - Shahjahanpur              Proposed TL        CRISIL B       6.2     Assigned
Raj Traders - Shahjahanpur              Proposed CC Limit  CRISIL B       12.5    Assigned
Raj Traders - Shahjahanpur              Proposed Fund-     CRISIL B       21.3    Assigned
                                        Based Bk Limits
Rajdeep Buildcon Pvt Ltd                CC                 CRISIL BBB     610
Downgraded from 'CRISIL BBB+/Stable'
Rajganga Agro Product Pvt Ltd           CC                 -              55      Withdrawn
Issuer Not Cooperating
Rajganga Agro Product Pvt Ltd           Foreign Bill       -              35      Withdrawn
                                        Purchase
Issuer Not Cooperating
Rajganga Agro Product Pvt Ltd           Packing Credit     -              30      Withdrawn
Issuer Not Cooperating
Rajganga Agro Product Pvt Ltd           Proposed LT Bk     -              3.6     Withdrawn
                                        Loan Fac
Issuer Not Cooperating
Rajganga Agro Product Pvt Ltd           TL                 -              26.4    Withdrawn
Issuer Not Cooperating
Rajul Builders                          BG                 -              0.3     Withdrawn
Issuer Not Cooperating
Rajul Builders                          Drop Line          -              79.5    Withdrawn
                                        Overdraft Fac
Issuer Not Cooperating
Rajul Builders                          Overdraft          -              11.5    Withdrawn
Issuer Not Cooperating
Rajul Builders                          TL                 -              75      Withdrawn
Issuer Not Cooperating
Rajvir Motors                           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rama Exports                            Bill Discounting   CRISIL BB-     180     Reaffirmed
Rama Gum Industries India Ltd           Packing Credit     -              450     Withdrawn
Issuer Not Cooperating
Ramesh Zaveri and Co                    CC                 CRISIL BB-     250     Reaffirmed
Rams Assorted Cold Storage Ltd          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ramsons Industries Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Rani International                      Bill Discounting   CRISIL BB-     115     Reaffirmed
Rasiklal Sankalchand Jewellers Pvt Ltd  CC                 -              350     Withdrawn
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  TL                 -              50      Withdrawn
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  CC                 CRISIL BBB-    400     Reaffirmed
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  TL                 CRISIL BBB-    50      Assigned
Issuer Not Cooperating
Raymond Apparel Ltd                     Proposed TL        CRISIL A+      500     Reaffirmed
Raymond Ltd                             CC                 CRISIL AA-     4850    Reaffirmed
Raymond Ltd                             Fund & NFBL        CRISIL AA-     1750    Reaffirmed
Raymond Ltd                             Proposed Fund-     CRISIL AA-     650     Reaffirmed
                                        Based Bk Limits^
^Interchangeable with non-fund-based bank limits
Raymond Ltd                             Proposed Rupee TL  CRISIL AA-     5420    Reaffirmed
Raymond Ltd                             Rupee TL           CRISIL AA-     2580    Reaffirmed
Raymond Ltd                             NCD                CRISIL AA-     1750    Reaffirmed
Raymond Ltd                             NCD                CRISIL AA-     1000    Reaffirmed
Raymond UCO Denim Pvt Ltd               Fund- Based Fac    CRISIL A       2840    Reaffirmed
Raymond UCO Denim Pvt Ltd               Proposed LT Bk     CRISIL A       133.2   Reaffirmed
                                        Loan Fac
Raymond UCO Denim Pvt Ltd               TL                 CRISIL A       2446.8  Reaffirmed
RBS Cold Storage Pvt Ltd                CC                 CRISIL B       40      Assigned
RBS Cold Storage Pvt Ltd                LT Loan            CRISIL B       22      Assigned
Rdevis Engineers Pvt Ltd                Rupee TL           CRISIL BB+     69.9    Assigned
Rdevis Engineers Pvt Ltd                CC                 CRISIL BB+     4       Assigned
Rean Watertech Pvt Ltd                  CC                 CRISIL BBB     70      Assigned
Rebell Jewels and Gifting Pvt Ltd       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Refkings Cott Soya Pvt Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Reino prefab Pvt Ltd                    CC                 CRISIL B+      55      Assigned
Revive Construction Company India Pvt   Ratings            -              -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ribbel International Ltd                Buyer`s Credit     CRISIL BB      26.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ribbel International Ltd                CC                 CRISIL BB      10      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ribbel International Ltd                Export Packing     CRISIL BB      25      Reaffirmed
                                        Credit
Issuer Not Cooperating; Rating Migrated
Ribbel International Ltd                Proposed TL        CRISIL BB      63.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rohit Colonisers Pvt Ltd                Rupee TL           CRISIL B       192.9   Reaffirmed
Royal Diam                              Post Shipment      CRISIL BBB     150     Assigned
                                        Credit
Royal Uniforce Roofings Pvt Ltd         CC                 CRISIL BB+     60
Upgraded from 'CRISIL BB-/Stable'
Royal Uniforce Roofings Pvt Ltd         Proposed LT Bk     CRISIL BB+     40
                                        Loan Fac
Upgraded from 'CRISIL BB-/Stable'
Royal Uniforce Roofings Pvt Ltd         CC                 CRISIL BB+     60
Upgraded from 'CRISIL BB-/Stable'
Royal Uniforce Roofings Pvt Ltd         Proposed LT Bk     CRISIL BB+     40
                                        Loan Fac
Upgraded from 'CRISIL BB-/Stable'
RR Wine Mart                            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ruby Bus Pvt Ltd                        CC                 CRISIL B-      270     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Ruby Bus Pvt Ltd                        Proposed LT Bk     CRISIL B-      0.5     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Ruby Bus Pvt Ltd                        WC TL              CRISIL B-      9.5     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Rudhrayan Polyesters                    CC                 -              49      Withdrawn
Issuer Not Cooperating
Rudhrayan Polyesters                    TL                 -              12.5    Withdrawn
Issuer Not Cooperating
RY Midas Alluminiums Pvt Ltd            WC Demand Loan     CRISIL BB      100     Assigned
RY Midas Alluminiums Pvt Ltd            CC                 CRISIL BB      190     Assigned
RY Midas Alluminiums Pvt Ltd            LT Loan            CRISIL BB      10      Assigned
S. K. Jain Constructions Pvt Ltd        CC                 CRISIL BB-     40      Assigned
Assigned; Suspension Revoked  
S.K. Shoe Fashion                       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Saha Building Centre Pvt Ltd            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sahajanand Technologies Pvt Ltd         CC                 CRISIL BB+     290     Assigned
Assigned; Suspension Revoked 
Sai Projects and Systems Pvt Ltd        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sainel Cashew Traders                   CC                 CRISIL B+      60      Assigned
Sainel Cashew Traders                   Proposed WC Fac    CRISIL B+      10      Assigned
Sait Transport Corporation              LT Loan            CRISIL BB+     20      Assigned
Sait Transport Corporation              Secured Overdraft  CRISIL BB+     30      Assigned
                                        Fac
Sam Industrial Enterprises Ltd          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Samadha Agro Food Processing Pvt Ltd    Proposed LT Bk     CRISIL B       62.5    Assigned
                                        Loan Fac
Sangrampur Agro Food Product Pvt Ltd    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sansar Texturisers Pvt Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sant Bhagatram Ginning and Pressing     CC                 CRISIL BB-     65      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sardar Cotton Pvt Ltd                   Proposed LT Bk     CRISIL BB-     73.8    Assigned
                                        Loan Fac
Sardar Cotton Pvt Ltd                   CC                 CRISIL BB-     60      Assigned
Sardar Cotton Pvt Ltd                   LT Loan            CRISIL BB-     16.2    Assigned
Sarralle Equipment India Pvt Ltd        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Satpal Strips Pvt Ltd                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Satya Parkash And Bros Pvt Ltd          CC                 CRISIL BB+     50
Issuer Not Cooperating; Migrated from 'CRISIL BBB-/Stable'
Schangalaya Motors                      Proposed LT Bk     CRISIL BB      75      Assigned
                                        Loan Fac
Schangalaya Motors                      CC                 CRISIL BB      200     Assigned
Schangalaya Motors                      LT Loan            CRISIL BB      50      Assigned
Secutech Automation (India) Pvt Ltd     CC                 CRISIL B-      30
Downgraded from 'CRISIL B+/Stable'
Seshasayee Knittings Pvt Ltd            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shah Foils Ltd                          CC                 CRISIL BBB     600
Upgraded from 'CRISIL BBB-/Stable'
Shah Foils Ltd                          TL                 CRISIL BBB     280
Upgraded from 'CRISIL BBB-/Stable'
Shah Trading Corporation                Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shankar Rice and Gen. Mills - Punjab    CC                 CRISIL BB-     580     Assigned
Shapoorji Pallonji Finance Pvt Ltd      Proposed LT Bk     CRISIL AA-     1750    Reaffirmed
                                        Loan Fac
Shapoorji Pallonji Finance Pvt Ltd      TL                 CRISIL AA-     1750    Reaffirmed
Shapoorji Pallonji Finance Pvt Ltd      WC Fac             CRISIL AA-     2500    Reaffirmed
Shapoorji Pallonji Finance Pvt Ltd      NCD                CRISIL AA-     2000
Sharma International                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shashi Structural Engineers Pvt Ltd     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sheetal Agrofood Park Pvt Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sheetal Manufacturing Company Pvt Ltd   CC                 CRISIL A-      827.5   Reaffirmed
Sheetal Manufacturing Company Pvt Ltd   Export Packing     CRISIL A-      3589.4  Reaffirmed
                                        Credit
Sheetal Manufacturing Company Pvt Ltd   Post Shipment      CRISIL A-      3372.4  Reaffirmed
                                        Credit
Sheetal Manufacturing Company Pvt Ltd   Proposed LT Bk     CRISIL A-      3325.7  Reaffirmed
                                        Loan Fac
Sheetal Manufacturing Company Pvt Ltd   Standby LOC        CRISIL A-      1740    Reaffirmed
Sheetal Manufacturing Company Pvt Ltd   TL                 CRISIL A-      45      Reaffirmed
Shewdanmal Gajanand                     CC                 CRISIL BB-     98      Assigned
Shir Aaurthor Cotton Modern Rice Mill   CC                 CRISIL BB      260     Reaffirmed
Shirodkar Preci Comp Pvt Ltd            CC                 CRISIL BB+     120
Upgraded from 'CRISIL BB/Stable'
Shirodkar Preci Comp Pvt Ltd            TL                 CRISIL BB+     60
Upgraded from 'CRISIL BB/Stable'
Shiv Cottex - Kadi                      CC                 CRISIL B+      70
Issuer not cooperating
Shiv Cottex - Kadi                      LT Loan            CRISIL B+      18
Issuer not cooperating
Shiv Cottex - Kadi                      Proposed LT Bk     CRISIL B+      12
                                        Loan Fac
Issuer not cooperating
Shraddha Construction Company - BilaspurProposed WC Fac    CRISIL BB      130.5   Assigned
Shraddha Construction Company - BilaspurCC                 CRISIL BB      50      Assigned
Shree Ambe Food Products Pvt Ltd        CC                 CRISIL BBB-    135     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shree Balaji Ethnicity Retail Ltd       CC                 CRISIL BB      140
Upgraded from 'CRISIL BB-/Stable'
Shree Balaji Ethnicity Retail Ltd       Proposed LT Bk     CRISIL BB      59.3
                                        Loan Fac
Upgraded from 'CRISIL BB-/Stable'
Shree Balaji Ethnicity Retail Ltd       TL                 CRISIL BB      40.7
Upgraded from 'CRISIL BB-/Stable'
Shree Gautam Construction Co. Ltd       BG                 CRISIL BBB+    1700    Withdrawn
Rating Reaffirmed and Withdrawn
Shree Gautam Construction Co. Ltd       CC                 CRISIL BBB+    490     Withdrawn
Rating Reaffirmed and Withdrawn
Shree Hanuman Pulses                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Mamta Milkdairy Pvt Ltd           CC                 CRISIL BB      58      Assigned
Shree Mamta Milkdairy Pvt Ltd           LT Loan            CRISIL BB      31.9    Assigned
Shree Nilkanth Polytex                  CC                 CRISIL B+      50      Assigned
Shree Nilkanth Polytex                  LT Loan            CRISIL B+      100     Assigned
Shree Raja Ram Prints Pvt Ltd           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Roshan Rice Industries            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Saibaba Jeevandhara Hospital      Ratings            -              -
India Pvt Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Shyam Ji Udyog                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shree Somnath Paper Mills Pvt Ltd       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shreeji Infraspace Pvt Ltd              BG                 -              670     Withdrawn
Issuer Not Cooperating
Shreeji Infraspace Pvt Ltd              CC                 -              260     Withdrawn
Issuer Not Cooperating
Shri Ked Insulation Pvt Ltd             LT Loan            CRISIL BB      10      Assigned
Shri Ked Insulation Pvt Ltd             CC                 CRISIL BB      30      Assigned
Shri Lakshmi Metal Udyog Ltd            CC*                CRISIL AA-     400     Reaffirmed
*Fully interchangeable with Working Capital Demand Loan, Inland Letter of Credit and Packing
Credit in Foreign Currency
Shri Lakshmi Metal Udyog Ltd            CC^                CRISIL AA-     500     Reaffirmed
^Fully interchangeable with Working Capital Demand Loan and Vendor Financeing and sublimits
Packing Credit and Packing Credit in Foreign Currency of Rs 0.5 crores
Shri Raghunath Cold Storage             CC/ Overdraft Fac  CRISIL B+      50      Assigned
Shri Ram Mall Pvt Ltd                   LT Loan            -              300     Withdrawn
Shri Ram Multicom Pvt Ltd               LT Loan            -              184     Withdrawn
Issuer Not Cooperating
Shri Ram Multicom Pvt Ltd               TL                 CRISIL BBB-    48.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shri Ram Residency Pvt Ltd              TL                 -              59      Withdrawn
Issuer Not Cooperating
Shri Ram Residency Pvt Ltd              TL                 CRISIL BBB-    4.7     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shri Shivjot Developers And Builders LtdRatings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shri Shyam Ispat India Pvt Ltd          CC                 CRISIL A-      200     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Shri Shyam Ispat India Pvt Ltd          Proposed LT Bk     CRISIL A-      20      Reaffirmed
                                        Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Shri Shyam Ispat India Pvt Ltd          TL                 CRISIL A-      230     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Shri Siddhi Kumar Infrastructure Pvt LtdCC                 CRISIL B+      130     Reaffirmed
Shri Siddhi Kumar Infrastructure Pvt LtdProposed LT Bk     CRISIL B+      99      Reaffirmed
                                        Loan Fac
Shrihari Ginning And Oil Industries     Proposed LT Bk     CRISIL B+      51      Assigned
                                        Loan Fac
Shrihari Ginning And Oil Industries     CC                 CRISIL B+      30      Assigned
Shrihari Ginning And Oil Industries     LT Loan            CRISIL B+      69      Assigned
Shrimati Katori Devi Garg Shiksha SamitiRatings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shrimati Poorna Devi Memorial Trust     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Shriniwas Spintex Industries Pvt Ltd    CC                 CRISIL BB-     90      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shriniwas Spintex Industries Pvt Ltd    TL                 CRISIL BB-     350     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shriramozone Retail Pvt Ltd             Electronic Dealer  -              100     Withdrawn
                                        Financing
                                        Scheme(e- DFS)
Issuer Not Cooperating
Shubh Sandesh Health Care LLP           TL                 CRISIL B+      200     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shyam Enterprises-Jamshedpur            LT Loan            CRISIL BBB-    31.3    Assigned
Shyam Enterprises-Jamshedpur            CC                 CRISIL BBB-    40      Assigned
Siddharth Real Ventures LLP             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Siechem Technologies Pvt Ltd            CC                 CRISIL BBB+    360     Reaffirmed
Siechem Technologies Pvt Ltd            Channel Financing  CRISIL BBB+    100     Reaffirmed
Siechem Technologies Pvt Ltd            Proposed TL        CRISIL BBB+    1260    Reaffirmed
Siechem Technologies Pvt Ltd            WC Fac             CRISIL BBB+    100     Reaffirmed
Singhal Builders                        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Singhal Energy Pvt Ltd                  CC                 CRISIL A-      170     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Singhal Energy Pvt Ltd                  Proposed LT Bk     CRISIL A-      20      Reaffirmed
                                        Loan Fac
Outlook revised from 'Stable' and rating reaffirmed
Singhal Energy Pvt Ltd                  TL                 CRISIL A-      340     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Singhal Enterprises Pvt Ltd             CC                 CRISIL A-      350     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Singla Timbers Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sir.M. Visvesvaraya Education Trust     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sky Gem                                 Export Packing     CRISIL BB+     70      Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
SLR Construction Pvt Ltd                CC                 CRISIL B+      18      Assigned
Assigned; Suspension Revoked 
SLR Construction Pvt Ltd                Proposed LT Bk     CRISIL B+      2       Assigned
                                        Loan Fac
Assigned; Suspension Revoked 
Smita Steels Rolling Mills Pvt Ltd      Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sneh Quality Spices Pvt Ltd             Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Sneh Quality Spices Pvt Ltd             TL                 CRISIL B+      60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Snehal Enterprises                      Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Solara Active Pharma Sciences Ltd       Proposed LT Bk     CRISIL BBB+    2817    Assigned
                                        Loan Fac
Solara Active Pharma Sciences Ltd       CC                 CRISIL BBB+    250     Assigned
Solara Active Pharma Sciences Ltd       Cash TL            CRISIL BBB+    3579    Assigned
Special Engineering Services Ltd        CC                 CRISIL BB+     50      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Sree Rajyalakshmi R & B Rice Mill       Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sree Shiva Ganesh Cotton Industries     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Bhagyalakshmi Cotex Pvt Ltd         CC                 CRISIL B+      50      Assigned
Assigned; Suspension Revoked  
Sri Bhagyalakshmi Cotex Pvt Ltd         Proposed LT Bk     CRISIL B+      50      Assigned
                                        Loan Fac
Assigned; Suspension Revoked  
Sri Jayajothi Textile Mills Pvt Ltd     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Lakshmi Ganesh Modern Raw & Boiled  Ratings            -              -
Rice Mill
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Mahalaxmi Timbers                   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Praneeth Enterprises                Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Sai Harihara Estates Pvt Ltd        LT Loan            CRISIL BB-     150     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sri Sai Srinivasa Rice Industries Pvt   Ratings            -              -
Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Srinivasa Dairy Products Pvt Ltd    CC                 CRISIL BBB-    70      Reaffirmed
Sri Srinivasa Dairy Products Pvt Ltd    LT Loan            CRISIL BBB-    12      Reaffirmed
Sri Srinivasa Dairy Products Pvt Ltd    Proposed LT Bk     CRISIL BBB-    18      Reaffirmed
                                        Loan Fac
Sri Sukra Jewels                        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Vyshnavi Dairy Specialities Pvt Ltd Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sri Vyshnavi Foods Pvt Ltd              Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sriganesh Engineering Works             Overdraft          CRISIL B+      20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sriganesh Engineering Works             Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Srinivasa Chemical Enterprises          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Srivatsa Bio-Tech India Pvt Ltd         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
ST. George Electronica Pvt Ltd          LT Loan            CRISIL B       51.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
ST. George Electronica Pvt Ltd          TL                 CRISIL B       102     Reaffirmed
Issuer Not Cooperating; Rating Migrated
ST. George Electronica Pvt Ltd          WC TL              CRISIL B       34      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Stallion Laboratories Pvt Ltd           CC                 CRISIL BBB-    100     Assigned
Subh Sanket Traders Pvt Ltd             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Subhash Stone Industries Pvt Ltd        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sudama Cotton Ginning and Processing    Ratings            -              -
Factory
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sujitha Poultry Farm                    CC                 CRISIL B       50      Assigned
Suman Forwarding Agency Pvt Ltd         CC                 CRISIL BB+     215     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Suman Forwarding Agency Pvt Ltd         TL                 CRISIL BB+     25      Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Sundaram Exports                        Post Shipment      CRISIL BBB-    420     Reaffirmed
                                        Credit
Outlook revised from 'Stable' and rating reaffirmed
Superdrawn Wire Industries Pvt Ltd      BG                 -              7.5     Withdrawn
Issuer Not Cooperating
Superdrawn Wire Industries Pvt Ltd      CC                 -              67.1    Withdrawn
Issuer Not Cooperating
Superdrawn Wire Industries Pvt Ltd      Corporate Loan     -              68.3    Withdrawn
Issuer Not Cooperating
Superdrawn Wire Industries Pvt Ltd      Inland/Import LOC  -              15      Withdrawn
Issuer Not Cooperating
Superdrawn Wire Industries Pvt Ltd      LT Loan            -              14      Withdrawn
Issuer Not Cooperating
Suprima Cosmo- Tech                     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Suraj Impex India Pvt Ltd               CC                 CRISIL BB+     1158.5  Reaffirmed
Suraj Impex India Pvt Ltd               Proposed CC Limit  CRISIL BB+     341.5   Assigned
Suraj Impex India Pvt Ltd               LT Loan            CRISIL BB+     84.8    Assigned
Suraj Pulses                            Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Surjeet Singh                           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Surya Bakery and Confectionery Pvt Ltd  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Surya Buildcon                          TL                 CRISIL BB      285     Assigned
Suryaamba Spinning Mills Ltd            CC                 CRISIL BB-     150     Reaffirmed
Issuer Not Cooperating
Suryaamba Spinning Mills Ltd            LT Loan            CRISIL BB-     138.2   Reaffirmed
Issuer Not Cooperating
Susee Polymers Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Sushil Kumar Munish Kumar               Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Swadeshi Textiles Pvt Ltd               CC                 CRISIL BB-     100     Assigned
Assigned; Suspension Revoked  
Swizzer Ceramic Pvt Ltd                 CC                 CRISIL BB-     90      Reaffirmed
Swizzer Ceramic Pvt Ltd                 LT Loan            CRISIL BB-     215     Reaffirmed
Synergy Poly Additives Pvt Ltd          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
T R Sawhney Automobiles Pvt Ltd         Inventory Funding  CRISIL BBB-    600
                                        Fac
ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB+/Stable' 
T R Sawhney Motors Pvt Ltd              CC                 CRISIL BBB-    500
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/Stable'  
T R Sawhney Motors Pvt Ltd              Inventory Funding  CRISIL BBB-    700
                                        Fac
Issuer Not Cooperating; Migrated from 'CRISIL BBB+/Stable'  
T. K. Paper Mills                       CC                 CRISIL BB      54
Upgraded from 'CRISIL BB-/Stable'
T.R. Agro Industries                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Taj Granites Pvt Ltd                    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tarade Brothers Constructions Pvt Ltd   Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Taxus Infrastructure And Power Projects Ratings            -              -
Pvt Ltd
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Techops Infrastructure Pvt Ltd          TL                 CRISIL B+      100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Telecommunications Consultants India LtdCC/ Overdraft Fac  CRISIL A-      1750
Issuer Not Cooperating: Revised from 'CRISIL A/Stable Issuer Not Cooperating' 
Terai Ispat & Trading Pvt. Ltd.         CC                 CRISIL BB-     450     Reaffirmed
Terai Overseas Pvt Ltd                  CC                 CRISIL BB-     480     Reaffirmed
Thankam Cashew Factory                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
The Saswad Mali Sugar Factory Ltd       CC                 CRISIL B-      54.7    Assigned
Assigned; Suspension Revoked  
The Saswad Mali Sugar Factory Ltd       LT Loan            CRISIL B-      885.3   Assigned
Assigned; Suspension Revoked  
The Saswad Mali Sugar Factory Ltd       Proposed CC Limit  CRISIL B-      220     Assigned
Assigned; Suspension Revoked  
The Saswad Mali Sugar Factory Ltd       Sugar Pledge CC    CRISIL B-      710     Assigned
Assigned; Suspension Revoked  
Thiru Rani Logistic Pvt Ltd             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tiki Tar Industries (Baroda) Ltd        CC                 CRISIL BBB-    335     Reaffirmed
Tiki Tar Industries (Baroda) Ltd        Proposed LT Bk     CRISIL BBB-    166     Reaffirmed
                                        Loan Fac
Tirumala Aerated Blocks Pvt Ltd         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Tonza Paper LLP                         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Torrent Power Ltd                       CC                 CRISIL AA-     8500    Reaffirmed
Torrent Power Ltd                       Proposed TL        CRISIL AA-     20526   Reaffirmed
Torrent Power Ltd                       TL                 CRISIL AA-     83364   Assigned
Torrent Power Ltd                       NCD                CRISIL AA-     4950    Reaffirmed
Torrent Power Ltd                       NCD                CRISIL AA-     3000    Reaffirmed
Torrent Power Ltd                       NCD                CRISIL AA-     2000    Reaffirmed
Torrent Power Ltd                       NCD                CRISIL AA-     1750    Reaffirmed
Torrent Power Ltd                       NCD                CRISIL AA-     1750    Reaffirmed
Total Packaging Services                CC                 CRISIL BBB     220     Assigned
Total Packaging Services                TL                 CRISIL BBB     112     Assigned
U. K. Paper Converters Pvt Ltd          CC                 CRISIL B       50      Assigned
U. K. Paper Converters Pvt Ltd          Proposed Fund-     CRISIL B       50      Assigned
                                        Based Bk Limits
U. S. Metal Products                    CC                 CRISIL BB+     50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
U. S. Metal Products                    LT Loan            CRISIL BB+     17      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Uday Structurals and Engineers Pvt Ltd  BG                 CRISIL D       20      Assigned
Assigned; Suspension Revoked  
Uday Structurals and Engineers Pvt Ltd  CC                 CRISIL D       40      Assigned
Assigned; Suspension Revoked  
Uday Structurals and Engineers Pvt Ltd  Proposed LT Bk     CRISIL D       10      Assigned
                                        Loan Fac
Assigned; Suspension Revoked  
Udgeeth Nirman Pvt Ltd                  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Ujin Pharmachem                         Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Uppal-Chadha Hi-Tech Developers Pvt Ltd Corporate Loan     CRISIL BBB     1500    Reaffirmed
Uppal-Chadha Hi-Tech Developers Pvt Ltd Drop Line          CRISIL BBB     450     Reaffirmed
                                        Overdraft Fac
Uppal-Chadha Hi-Tech Developers Pvt Ltd Proposed LT Bk     CRISIL BBB     1450    Reaffirmed
                                        Loan Fac
Uppal-Chadha Hi-Tech Developers Pvt Ltd TL                 CRISIL BBB     3600    Reaffirmed
Vaayu Renewable Energy (Tapti) Pvt Ltd  LT Loan            CRISIL BBB-    250     Assigned
Vaibhavlaxmi Spintex LLP                CC                 CRISIL B       100     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vaibhavlaxmi Spintex LLP                LT Loan            CRISIL B       480     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vaibhavlaxmi Spintex LLP                Proposed CC Limit  CRISIL B       50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vaibhavlaxmi Spintex LLP                Proposed LT Bk     CRISIL B       270     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Vaishnavi Kosmeticos Industries Pvt Ltd Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vamshi Rubber Ltd                       CC                 CRISIL BB      150     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vamshi Rubber Ltd                       LT Loan            CRISIL BB      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vamshi Sai Rice Industries              CC                 CRISIL BB-     45      Reaffirmed
Reaffirmed
Vamshi Sai Rice Industries              Proposed LT Bk     CRISIL BB-     82.5    Reaffirmed
                                        Loan Fac
Reaffirmed
Vamshi Sai Rice Industries              SME Credit         CRISIL BB-     2.5     Reaffirmed
Reaffirmed
Vardhman Knit                           CC                 CRISIL B+      60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Vardhman Knit                           Proposed LT Bk     CRISIL B+      10      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Varsha Autolines                        CC                 CRISIL B+      20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Varsha Autolines                        Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Varsha Autolines                        TL                 CRISIL B+      5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Varsha Construction                     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vemparala Venkat Rao Cotton Industries  Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Venture Impex                           Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Victus Dyeings                          LT Loan            CRISIL BBB     280     Reaffirmed
Victus Dyeings                          Proposed LT Bk     CRISIL BBB     70      Reaffirmed
                                        Loan Fac
Victus Dyeings                          Standby Line of    CRISIL BBB     50      Reaffirmed
                                        Credit
Vidya International Charitable Trust    Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vinod Wine Agencies                     Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Vishnuraam Textiles Ltd                 Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
VRC Marine Foods LLP                    Proposed CC Limit  CRISIL B+      2       Assigned
VRC Marine Foods LLP                    CC                 CRISIL B+      40      Assigned
Walfs Infra India Pvt Ltd               Proposed TL        CRISIL B       1200    Reaffirmed
Migrated from 'CRISIL B/Stable; Issuer Not Cooperating'
Water Systems India Pvt Ltd             Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Wings Travels Management (India) Pvt LtdRatings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Worldwide Safety Pvt Ltd                TL                 CRISIL BBB+    45      Reaffirmed
Worldwide Safety Pvt Ltd                WC Fac             CRISIL BBB+    420     Reaffirmed
Worth Peripherals Ltd                   Proposed Fund-     -              14.2    Withdrawn
                                        Based Bk Limits
Worth Peripherals Ltd                   TL                 -              114     Withdrawn
Worth Peripherals Ltd                   CC                 CRISIL BBB+    70
Upgraded from 'CRISIL BBB/Stable'
Worth Peripherals Ltd                   Proposed TL        CRISIL BBB+    30
Upgraded from 'CRISIL BBB/Stable'
Xplore-Tech Services Pvt Ltd            Foreign Currency TLCRISIL BBB+    435
Upgraded from CRISIL BBB
Yadav Rice Mills                        Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review
Yak Granite Industries Pvt Ltd          Ratings            -              -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review

--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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