October 12, 2018 / 3:47 AM / in a month

CRISIL ratings for Indian debt instruments-Oct 12

    Oct 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 11, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Arts Watermatics Pvt Ltd                BG                 CRISIL A4      15      Reaffirmed
Aspire Home Finance Corporation Ltd     CP Programme       CRISIL A1+     10000
Astral Poly Technik Ltd                 BG                 CRISIL A1+     15      Reaffirmed
Astral Poly Technik Ltd                 LOC                CRISIL A1+     100     Reaffirmed
Astral Poly Technik Ltd                 CP                 CRISIL A1+     500     Reaffirmed
Chiripal Poly Films Ltd                 Non-FBL            CRISIL A2+     3000    Assigned
Assigned; Suspension Revoked
Chiripal Poly Films Ltd                 Proposed NFBL      CRISIL A2+     700     Assigned
Assigned; Suspension Revoked
Crown Ceramic                           BG                 CRISIL A4+     8.5
Upgraded from 'CRISIL A4'
Elite Homes Pvt Ltd                     BG                 CRISIL A4+     210     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Elite Homes Pvt Ltd                     Overdraft          CRISIL A4+     50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Empowertrans Pvt Ltd                    BG                 CRISIL A4+     500     Reaffirmed
Fab India - New Delhi                   BG                 CRISIL A4+     35
Isuer Not Cooperating
Fairdeal Consumer Durables Pvt Ltd      BG                 CRISIL A4      80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
G. D. Overseas                          Packing Credit     CRISIL A3      350
Upgraded from 'CRISIL A4+'
Horizon Industrial Products Pvt Ltd     BG                 CRISIL A4+     5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Horizon Industrial Products Pvt Ltd     LOC                CRISIL A4+     5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
iSat Network Engineers Pvt. Ltd.        BG                 CRISIL A4      45
Isuer Not Cooperating
Late Smt. Vidyawanti Labhu Ram          BG                 CRISIL A4+     12
Foundation For Science Research and
Social Welfare
Isuer Not Cooperating
Late Smt. Vidyawanti Labhu Ram          Overdraft          CRISIL A4+     80
Foundation For Science Research and
Social Welfare
Isuer Not Cooperating
M. E. Energy Pvt Ltd                    BG                 CRISIL A4+     250
Migrated from 'CRISIL A4 Issuer Not Cooperating'
M. E. Energy Pvt Ltd                    LOC                CRISIL A4+     35      Assigned
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Mahatma Education Society               Overdraft          CRISIL A3+     386.4   Reaffirmed
Nagreeka Indcon Products Pvt Ltd        Capex LOC          CRISIL A3+     40      Reaffirmed
Nagreeka Indcon Products Pvt Ltd        LOC                CRISIL A3+     120     Reaffirmed
Nagreeka Indcon Products Pvt Ltd        Loan Equivalent    CRISIL A3+     16      Reaffirmed
                                        Risk Limits
National Highway Construction Co.       BG                 CRISIL A4+     30
Isuer Not Cooperating
O P Gupta Contractors Pvt Ltd           BG                 CRISIL A4+     250     Reaffirmed
Issuer Not Cooperating; Rating Migrated
P P Raju & Co                           BG                 CRISIL A4+     79.5
Isuer Not Cooperating
Prima Plastics Ltd                      LOC                CRISIL A3+     65      Reaffirmed
Resinova Chemie Ltd                     BG                 CRISIL A1      40      Reaffirmed
Rex Polyextrusion Pvt Ltd               BG                 CRISIL A1      170
Upgraded from 'CRISIL A2'; Removed from 'Rating Watch with Positive Implications'
Santosh Timber Trading Co. Ltd          LOC                CRISIL A4      200     Reaffirmed
Saru Silver Alloy Pvt Ltd               Packing Credit~    CRISIL A4+     60      Reaffirmed
Issuer Not Cooperating; Rating Migrated; ~Foreign bill purchase/ foreign bill discounting of Rs
4.5 crore as sublimit;
Shape Machine Tools Pvt Ltd             BG                 CRISIL A4      5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sharmili Spices Pvt Ltd                 Foreign Bill       CRISIL A4+     100     Reaffirmed
                                        Purchase
Sharmili Spices Pvt Ltd                 Packing Credit     CRISIL A4+     70      Reaffirmed
Shri Bajrang Alloys Ltd                 BG                 CRISIL A4+     10
Upgraded from 'CRISIL A4'
Shri Bajrang Alloys Ltd                 Bill Discounting   CRISIL A4+     80
Upgraded from 'CRISIL A4'
Shri Dutt India Pvt Ltd                 BG                 CRISIL A4+     100
Downgraded from 'CRISIL A3'
Skaf Construction Pvt Ltd               BG                 CRISIL A4      80
Upgraded from 'CRISIL D'
Stallion Laboratories Pvt Ltd           BG                 CRISIL A3      7.5     Assigned
Stallion Laboratories Pvt Ltd           LOC                CRISIL A3      7.5     Assigned
Tratec Engineers Pvt Ltd                BG                 CRISIL A4+     140     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tratec Engineers Pvt Ltd                LOC                CRISIL A4+     20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trimex Sands Pvt Ltd                    LOC & BG           CRISIL A4+     250
Issuer Not Cooperating: Revised from 'CRISIL A3 Issuer Not Cooperating'
Veera Techno Trec Pvt Ltd               BG                 CRISIL A4      135     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Venus Industrial Corporation Pvt Ltd.   LOC                CRISIL A4+     5       Assigned
Vertigo Impex Pvt. Ltd.                 Inland/Import LOC  CRISIL A4+     200

Isuer Not Cooperating
Whirlpool of India Ltd                  ST Debt            CRISIL A1+     250     Reaffirmed

LONG TERM RATINGS:
-------------------
Aaditya Kraft & Papers Pvt Ltd          CC                 CRISIL B-      33
Upgraded from 'CRISIL D'
Aaditya Kraft & Papers Pvt Ltd          TL                 CRISIL B-      179.5
Upgraded from 'CRISIL D'
Alishan Ginning Mills Pvt Ltd           CC                 CRISIL BB-     110
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Alishan Ginning Mills Pvt Ltd           Standby LOC        CRISIL BB-     10
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Annapurna Finance Pvt Ltd               LT Bk Fac          CRISIL A-      1000    Assigned
Annapurna Finance Pvt Ltd               Proposed LT Bk     CRISIL A-      7500    Assigned
                                        Loan Fac
Aravind Milkfoods Pvt Ltd               CC                 CRISIL BB-     140
Upgraded from 'CRISIL B+'
Aravind Milkfoods Pvt Ltd               Export Packing     CRISIL BB-     10
                                        Credit
Upgraded from 'CRISIL B+'
Aravind Milkfoods Pvt Ltd               LT Loan            CRISIL BB-     4.2
Upgraded from 'CRISIL B+'
Aravind Milkfoods Pvt Ltd               Proposed LT Bk     CRISIL BB-     0.8     Assigned
                                        Loan Fac
Upgraded from 'CRISIL B+'
Arts Watermatics Pvt Ltd                CC                 CRISIL B+      30      Reaffirmed
Arts Watermatics Pvt Ltd                Proposed LT Bk     CRISIL B+      5       Reaffirmed
                                        Loan Fac
Arts Watermatics Pvt Ltd                TL                 CRISIL B+      25      Reaffirmed
Aspire Home Finance Corporation Ltd     CC                 CRISIL A+      350     Reaffirmed
CRISIL A+
Aspire Home Finance Corporation Ltd     LT Loan            CRISIL A+      8020    Reaffirmed
CRISIL A+
Aspire Home Finance Corporation Ltd     WC Demand Loan     CRISIL A+      250     Reaffirmed
CRISIL A+
Aspire Home Finance Corporation Ltd     NCD                CRISIL A+      10000
Aspire Home Finance Corporation Ltd     NCDs               CRISIL A+      3500
Astral Poly Technik Ltd                 CC                 CRISIL AA-     2150    Reaffirmed
Astral Poly Technik Ltd                 External           CRISIL AA-     274.7   Reaffirmed
                                        Commercial
                                        Borrowings
Astral Poly Technik Ltd                 Proposed LT Bk     CRISIL AA-     310.3   Reaffirmed
                                        Loan Fac
Astral Poly Technik Ltd                 TL                 CRISIL AA-     950     Reaffirmed
Ballavpur Paper Mfg. Ltd                CC                 CRISIL D       100
Issuer Not Cooperating; Downgraded from 'CRISIL BB Issuer Not Cooperating'
Ballavpur Paper Mfg. Ltd                LOC                CRISIL D       140
Issuer Not Cooperating; Downgraded from 'CRISIL BB Issuer Not Cooperating'
Ballavpur Paper Mfg. Ltd                Standby Line of    CRISIL D       15
                                        Credit
Issuer Not Cooperating; Downgraded from 'CRISIL BB Issuer Not Cooperating'
Ballavpur Paper Mfg. Ltd                TL                 CRISIL D       75
Issuer Not Cooperating; Downgraded from 'CRISIL BB Issuer Not Cooperating'
Chiripal Poly Films Ltd                 FB Fac             CRISIL A-      2350    Assigned
Assigned; Suspension Revoked
Chiripal Poly Films Ltd                 Proposed FB Bk     CRISIL A-      300     Assigned
                                        Limits
Assigned; Suspension Revoked
Chiripal Poly Films Ltd                 TL                 CRISIL A-      2972.6  Assigned
Assigned; Suspension Revoked
Chiripal Poly Films Ltd                 Proposed TL        CRISIL A-      2070    Assigned
Assigned; Suspension Revoked
Crown Ceramic                           CC                 CRISIL BB-     36.5
Upgraded from 'CRISIL B+'
Crown Ceramic                           TL                 CRISIL BB-     80
Upgraded from 'CRISIL B+'
Dariyalal Industries                    CC                 CRISIL BB-     65
Upgraded from 'CRISIL B+'
Dariyalal Industries                    LT Loan            CRISIL BB-     7
Upgraded from 'CRISIL B+'
Dariyalal Industries                    Proposed LT Bk     CRISIL BB-     128
                                        Loan Fac
Upgraded from 'CRISIL B+'
Delhi Airport Parking Services Pvt Ltd  Rupee TL           CRISIL A+      1100
Outlook revised from 'Stable' and rating reaffirmed
Dholadhar Developers Pvt Ltd            Proposed LT Bk     CRISIL C       22      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Dholadhar Developers Pvt Ltd            TL                 CRISIL C       80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Empowertrans Pvt Ltd                    CC                 CRISIL BB      200     Reaffirmed
Empowertrans Pvt Ltd                    Proposed FB Bk     CRISIL BB      700     Reaffirmed
                                        Limits
Fab India - New Delhi                   CC                 CRISIL BB-     30
Isuer Not Cooperating
Fab India - New Delhi                   Proposed LT Bk     CRISIL BB-     4.9
                                        Loan Fac
Isuer Not Cooperating
Fab India - New Delhi                   TL                 CRISIL BB-     11
Isuer Not Cooperating
Fairdeal Consumer Durables Pvt Ltd      CC                 CRISIL B+      120     Reaffirmed
Issuer Not Cooperating; Rating Migrated
G. D. Overseas                          CC                 CRISIL BBB-    50
Upgraded from 'CRISIL BB'
G. D. Overseas                          Foreign LOC        CRISIL BBB-    20
Upgraded from 'CRISIL BB'
G.D. Industries                         CC                 CRISIL BB-     150
Isuer Not Cooperating
Gawar Rohna Jhajjar Highway Pvt Ltd     Proposed LT Bk     CRISIL A-      10      Assigned
                                        Loan Fac
Gawar Rohna Jhajjar Highway Pvt Ltd     Rupee TL#          CRISIL A-      2690    Assigned
#Drop line OD Facility Sublimit of Rs 16.00cr, Mobilisation Bank Guarantee Sublimit of Rs
78.98cr, Bill Discounting Sublimit of Rs 35.00cr
Gopala Kraft Pack Pvt Ltd               CC                 CRISIL BB-     52.5    Reaffirmed
Gopala Kraft Pack Pvt Ltd               LT Loan            CRISIL BB-     47.5    Reaffirmed
Guru Nanak Dev Educational Society      Overdraft          CRISIL BB-     43      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Guru Nanak Dev Educational Society      Proposed LT Bk     CRISIL BB-     40.6    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Guru Nanak Dev Educational Society      TL                 CRISIL BB-     66.4    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Horizon Industrial Products Pvt Ltd     CC                 CRISIL BB      130     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Horizon Industrial Products Pvt Ltd     LT Loan            CRISIL BB      115     Reaffirmed
Issuer Not Cooperating; Rating Migrated
Horizon Industrial Products Pvt Ltd     Proposed LT Bk     CRISIL BB      25      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
iSat Network Engineers Pvt. Ltd.        CC                 CRISIL B+      30
Isuer Not Cooperating
Jayanth Industries                      CC                 CRISIL B+      63.3    Reaffirmed
Jayanth Industries                      Standby Line of    CRISIL B+      6.7     Reaffirmed
                                        Credit
Late Smt. Vidyawanti Labhu Ram          Proposed TL        CRISIL BB+     30.9
Foundation For Science Research and
Social Welfare
Isuer Not Cooperating
Late Smt. Vidyawanti Labhu Ram          TL                 CRISIL BB+     63.1
Foundation For Science Research and
Social Welfare
Isuer Not Cooperating
Lord Krishna Rice Mills - Gangoh        CC                 CRISIL BB-     100
Upgraded from CRISIL B+
M. E. Energy Pvt Ltd                    CC                 CRISIL BB-     80
Migrated from 'CRISIL B+ Issuer Not Cooperating'
M. E. Energy Pvt Ltd                    Foreign LOC        CRISIL BB-     15
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Maa Chinnamasta Food Processor Pvt Ltd  CC                 CRISIL BB+     130     Assigned
Assigned; Suspension Revoked
Maa Chinnamasta Food Processor Pvt Ltd  LT Loan            CRISIL BB+     20      Assigned
Assigned; Suspension Revoked
Mahatma Education Society               Proposed LT Bk     CRISIL BBB     84.2    Reaffirmed
                                        Loan Fac
Mahatma Education Society               TL                 CRISIL BBB     1529.4  Reaffirmed
Mandeep International Pvt Ltd           CC                 CRISIL B       100     Reaffirmed
Mayank Texofine                         CC                 CRISIL B       5       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mayank Texofine                         TL                 CRISIL B       50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Mehta and Sons                          CC                 CRISIL BB      95      Reaffirmed
Nagreeka Indcon Products Pvt Ltd        CC                 CRISIL BBB     160     Reaffirmed
Nagreeka Indcon Products Pvt Ltd        Proposed WC Fac    CRISIL BBB     44      Reaffirmed
National Highway Construction Co.       CC                 CRISIL BB-     45
Isuer Not Cooperating
O P Gupta Contractors Pvt Ltd           Secured Overdraft  CRISIL BB+     100     Reaffirmed
                                        Fac
Issuer Not Cooperating; Rating Migrated
Oneup Motors India Pvt Ltd              Electronic Dealer  CRISIL B       140     Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating; Rating Migrated
Oneup Motors India Pvt Ltd              Inventory Funding  CRISIL B       72.5    Reaffirmed
                                        Fac
Issuer Not Cooperating; Rating Migrated
Oneup Motors India Pvt Ltd              Proposed Inventory CRISIL B       2.5     Reaffirmed
                                        Funding
Issuer Not Cooperating; Rating Migrated
P P Raju & Co                           Proposed WC Fac    CRISIL BB+     0.5
Isuer Not Cooperating
P P Raju & Co                           Secured Overdraft  CRISIL BB+     40
                                        Fac
Isuer Not Cooperating
P. B. Alloys Pvt Ltd                    CC                 CRISIL B       20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
P. B. Alloys Pvt Ltd                    Foreign LOC        CRISIL B       60      Reaffirmed
Issuer Not Cooperating; Rating Migrated
P. B. Alloys Pvt Ltd                    Proposed LT Bk     CRISIL B       2       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Prima Plastics Ltd                      CC                 CRISIL BBB     240     Reaffirmed
Outlook revised from 'Positive' and rating reaffirmed
Prima Plastics Ltd                      Proposed LT Bk     CRISIL BBB     45      Reaffirmed
                                        Loan Fac
Outlook revised from 'Positive' and rating reaffirmed
Prima Plastics Ltd                      TL                 CRISIL BBB     50      Assigned
Outlook revised from 'Positive' and rating reaffirmed
Radhe Shyam Cotton Industries           CC                 CRISIL BB-     60
Upgraded from 'CRISIL B+'
Radhe Shyam Cotton Industries           TL                 CRISIL BB-     10
Upgraded from 'CRISIL B+'
Resinova Chemie Ltd                     CC                 CRISIL A+      220     Reaffirmed
Resinova Chemie Ltd                     TL                 CRISIL A+      220     Reaffirmed
Resinova Chemie Ltd                     WC Demand Loan     CRISIL A+      220     Reaffirmed
Rex Polyextrusion Pvt Ltd               Bill Discounting   CRISIL A       44.5
Upgraded from 'CRISIL BBB+'; Removed from 'Rating Watch with Positive Implications'
Rex Polyextrusion Pvt Ltd               CC                 CRISIL A       450
Upgraded from 'CRISIL BBB+'; Removed from 'Rating Watch with Positive Implications'
Rex Polyextrusion Pvt Ltd               LT Loan            CRISIL A       355.5
Upgraded from 'CRISIL BBB+'; Removed from 'Rating Watch with Positive Implications'
Sai Sudha Motors Pvt Ltd                CC                 CRISIL BB      60      Reaffirmed
Sai Sudha Motors Pvt Ltd                Inventory Funding  CRISIL BB      50      Reaffirmed
                                        Fac
Sancheti Cotex                          CC                 CRISIL B+      100
Upgraded from 'CRISIL B'
Santosh Automotors Pvt Ltd              CC/ Overdraft Fac  CRISIL BB-     17.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Santosh Automotors Pvt Ltd              LT Loan            CRISIL BB-     12.5    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Santosh Automotors Pvt Ltd              Proposed WC Fac    CRISIL BB-     80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Santosh Timber Trading Co. Ltd          Overdraft          CRISIL B+      50      Reaffirmed
Saru Silver Alloy Pvt Ltd               CC#                CRISIL BB-     15      Reaffirmed
Issuer Not Cooperating; Rating Migrated; #fully interchangeable with letter of credit/bank
guarantee
Shape Machine Tools Pvt Ltd             CC                 CRISIL B       55      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shape Machine Tools Pvt Ltd             Proposed CC Limit  CRISIL B       20      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Shivani Locks Pvt Ltd                   CC                 CRISIL BB      150     Assigned
Assigned; Suspension Revoked 
Shivani Locks Pvt Ltd                   Proposed LT Bk     CRISIL BB      50      Assigned
                                        Loan Fac
Assigned; Suspension Revoked 
Shivani Locks Pvt Ltd                   TL                 CRISIL BB      250     Assigned
Assigned; Suspension Revoked 
Shri Bajrang Alloys Ltd                 CC                 CRISIL BB-     200
Upgraded from 'CRISIL B'
Shri Bajrang Alloys Ltd                 Proposed LT Bk     CRISIL BB-     420
                                        Loan Fac
Upgraded from 'CRISIL B'
Shri Dutt India Pvt Ltd                 CC                 CRISIL BB+     2100
Downgraded from 'CRISIL BBB-'
Shri Dutt India Pvt Ltd                 Proposed LT Bk     CRISIL BB+     3200    Assigned
                                        Loan Fac
Downgraded from 'CRISIL BBB-'
Shri Dutt Polytextiles                  CC                 CRISIL BB+     250
Downgraded from 'CRISIL BBB-'
Shri Krishna Jute Traders               CC                 CRISIL BB      120
Downgraded from 'CRISIL BB+'
Skaf Construction Pvt Ltd               CC                 CRISIL B+      30
Upgraded from 'CRISIL D'
Skaf Construction Pvt Ltd               Proposed LT Bk     CRISIL B+      70
                                        Loan Fac
Upgraded from 'CRISIL D'
Sri Ambika Rice Mill                    CC                 CRISIL B+      54.5    Reaffirmed
Sri Manmaya Textiles Pvt Ltd            Bill Discounting   CRISIL BB      35      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sri Manmaya Textiles Pvt Ltd            CC                 CRISIL BB      19      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sri Manmaya Textiles Pvt Ltd            Proposed LT Bk     CRISIL BB      17      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Stallion Laboratories Pvt Ltd           TL                 CRISIL BBB-    182.5   Assigned
Stallion Laboratories Pvt Ltd           Proposed CC Limit  CRISIL BBB-    4.6     Assigned
Stallion Laboratories Pvt Ltd           CC                 CRISIL BBB-    142.5   Assigned
Sudeep Exim Pvt Ltd                     CC                 CRISIL B+      65      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Sudeep Exim Pvt Ltd                     Channel Financing  CRISIL B+      30      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Three Tee Auto Logistics Pvt Ltd        Overdraft          CRISIL BB      8       Reaffirmed
Issuer Not Cooperating; Rating Migrated
Three Tee Auto Logistics Pvt Ltd        Proposed LT Bk     CRISIL BB      40      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Three Tee Auto Logistics Pvt Ltd        TL                 CRISIL BB      82      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Tratec Engineers Pvt Ltd                CC                 CRISIL BB-     80      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Trimex Sands Pvt Ltd                    CC                 CRISIL BB+     450
Issuer Not Cooperating: Revised from 'CRISIL BBB- Issuer Not Cooperating' 
Trimex Sands Pvt Ltd                    Proposed LT Bk     CRISIL BB+     334
                                        Loan Fac
Issuer Not Cooperating: Revised from 'CRISIL BBB- Issuer Not Cooperating' 
Trimex Sands Pvt Ltd                    TL                 CRISIL BB+     2432.2
Issuer Not Cooperating: Revised from 'CRISIL BBB- Issuer Not Cooperating' 
Vaayu Renewable Energy (Tapti) Pvt Ltd  LT Loan            CRISIL BBB-    1160    Reaffirmed
Veera Techno Trec Pvt Ltd               CC                 CRISIL B       50      Reaffirmed
Issuer Not Cooperating; Rating Migrated
Venus Industrial Corporation Pvt Ltd.   TL                 CRISIL BB+     52.5    Assigned
Venus Industrial Corporation Pvt Ltd.   Proposed LT Bk     CRISIL BB+     272.5   Assigned
                                        Loan Fac
Venus Industrial Corporation Pvt Ltd.   CC                 CRISIL BB+     120     Assigned
Vertigo Impex Pvt. Ltd.                 CC                 CRISIL BB      50
Isuer Not Cooperating
Wave Hospitality Pvt Ltd                TL                 CRISIL BB+     1400    Reaffirmed
Issuer Not Cooperating; Rating Migrated
Whirlpool of India Ltd                  CC                 CRISIL AA+     3000
Upgraded from 'CRISIL AA'

--------------------------------------------------------------------------------------------
$: 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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