October 24, 2019 / 10:29 AM / a month ago

CRISIL ratings for Indian debt instruments-Oct 24

   Oct 24 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 23, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A One Steel and Alloys Pvt Ltd          LOC                CRISIL A3      120     Reaffirmed
A One Steels India Pvt Ltd              LOC                CRISIL A3      50      Reaffirmed
Placed on Rating Watch with Developing Implication
A. M. Mohammed Ali                      BG                 CRISIL A4      150     -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Adwaith Lakshmi Industries Pvt Ltd      BG                 CRISIL A4      10      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Adwaith Lakshmi Industries Pvt Ltd      LOC                CRISIL A4      60      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Adwaith Lakshmi Industries Pvt Ltd      Packing Credit     CRISIL A4      20      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Anna Trouver Export Agenzia             Foreign Bill       CRISIL A4      25      Reaffirmed
                                        Negotiation
(Issuer Not Cooperating)
Aravali Cylinders Pvt Ltd               BG                 CRISIL A4      3       Reaffirmed
(Issuer Not Cooperating)
Aravali Cylinders Pvt Ltd               LOC                CRISIL A4      7.5     Reaffirmed
(Issuer Not Cooperating)
Ashirwad Construction                   Overdraft          CRISIL A4      40      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
B. T. Kadlag Construction Pvt Ltd       BG                 CRISIL A4      25      -
Downgraded from CRISIL A4+
Bharat Dynamics Ltd                     BG                 CRISIL A1+     1100    Reaffirmed
Bharat Dynamics Ltd                     Foreign LOC        CRISIL A1+     3000    Reaffirmed
Bitcon India Infrastructure Developers  BG                 CRISIL A3+     900     Reaffirmed
Pvt Ltd
Calpro Specialities Pvt Ltd             BG                 CRISIL A4      5       -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Calpro Specialities Pvt Ltd             Foreign LOC        CRISIL A4      75      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Charming Printing and Graphics Pvt Ltd  LOC                CRISIL A4      130     Reaffirmed
(Issuer Not Cooperating)
Deccan Mechanical and Chemical          BG                 CRISIL A2+     185     Reaffirmed
Industries Pvt Ltd
Deccan Mechanical and Chemical          LOC                CRISIL A2+     30      Reaffirmed
Industries Pvt Ltd
Emboza Granito Pvt Ltd                  BG                 CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Faith Buildtech Pvt Ltd                 BG                 CRISIL A4      900     Reaffirmed
Indo Amines Ltd                         LOC                CRISIL A2      240     Reaffirmed
Infinity Advertising Services Pvt Ltd   Purchase Bill      CRISIL A4+     30      Assigned
                                        Discounting
Infinity Advertising Services Pvt Ltd   BG                 CRISIL A4+     10      Assigned
Iscon Craft Paper Mill Pvt Ltd          BG                 CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Iscon Craft Paper Mill Pvt Ltd          LOC                CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Kailash Hillways Engineering associates BG                 CRISIL A4      35      Reaffirmed
(Issuer Not Cooperating)
Kastum Engineers - Aurangabad           BG                 CRISIL A4      73      Reaffirmed
(Issuer Not Cooperating)
M B Motor Body Builders                 BG                 CRISIL A4      20      Reaffirmed
(Issuer Not Cooperating)
Manish International                    LOC & BG           CRISIL A4      2       Reaffirmed
(Issuer Not Cooperating)
Multiflex Polybags Pvt Ltd              LOC                CRISIL A4+     1       -
Nandan Steels and Power Ltd             LOC & BG           CRISIL A2      700     Reaffirmed
Neelkanth Yarn                          BG                 CRISIL A4      0.5     -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Neelkanth Yarn                          LOC                CRISIL A4      61.5    -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Om Parkash Surinder Mohan               BG                 CRISIL A4      40      Reaffirmed
(Issuer Not Cooperating)
Oncocare Medicals Pvt Ltd               Overdraft          CRISIL A4      20      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
P. D. Industries Pvt Ltd                BG                 CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
P. D. Industries Pvt Ltd                LOC                CRISIL A4      135     Reaffirmed
(Issuer Not Cooperating)
P.N.Gadgil Jewellers Pvt Ltd            LOC & BG           CRISIL A3+     750     Migrated from
                                                                                  CRISIL A2
(Issuer Not Cooperating)
Palak Jewellers Pvt Ltd                 Metal Loan         CRISIL A3+     100     Reaffirmed
Peacock Apparels Pvt Ltd                BG                 CRISIL A4      5       -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Peacock Apparels Pvt Ltd                Foreign Bill       CRISIL A4      15      -
                                        Discounting
(Issuer Not Cooperating);  Revised from CRISIL A4+
Peacock Apparels Pvt Ltd                LOC                CRISIL A4      50      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Peacock Apparels Pvt Ltd                Standby Line of    CRISIL A4      2.5     -
                                        Credit
(Issuer Not Cooperating);  Revised from CRISIL A4+
Perlei Textiles Pvt Ltd                 Foreign Exchange   CRISIL A3      83.1    -
                                        Forward
Perlei Textiles Pvt Ltd                 LOC                CRISIL A3      10      -
Perlei Textiles Pvt Ltd                 Packing Credit     CRISIL A3      140     -
Power Spinning Mills                    LOC                CRISIL A4      60      Reaffirmed
(Issuer Not Cooperating)
Purbanchal Enterprise                   BG                 CRISIL A4+     50      Reaffirmed
(Issuer Not Cooperating)
R. P. Industries - New Delhi            LOC                CRISIL A4      25      Revised from
                                                                                  CRISIL A4+ 
(Issuer Not Cooperating)
Rajlaxmi Agrotech India Pvt Ltd         LOC                CRISIL A4      90      Reaffirmed
Migrated from CRISIL A4 (Issuer Not Cooperating)*
Resonance Specialties Ltd               BG                 CRISIL A4+     10      Reaffirmed
Resonance Specialties Ltd               Inland/Import LOC  CRISIL A4+     30      Reaffirmed
Sam Exports                             Proposed Packing   CRISIL A4      50      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
SEC Industries Pvt Ltd                  BG                 CRISIL A4+     500     -
Downgraded from CRISIL A3
SEC Industries Pvt Ltd                  LOC                CRISIL A4+     30      -
Downgraded from CRISIL A3
Shapoorji Pallonji Finance Pvt Ltd      CP                 CRISIL A1+     5000    -
Sree Sumangala Metals and Industries    LOC                CRISIL A4+     100     Reaffirmed
Pvt Ltd
Sree Sumangala Metals and Industries    Packing Credit     CRISIL A4+     76.4    -
Pvt Ltd
Sri Devaraaja Agro Industries           LOC                CRISIL A4      30      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Sri Ganga Mills                         BG                 CRISIL A4      0.3     Reaffirmed
(Issuer Not Cooperating)
Sri Kakatiya Industries (India) Pvt Ltd BG                 CRISIL A4+     34      Reaffirmed
Suryadipta Projects Pvt Ltd             BG                 CRISIL A4+     80      Assigned
Sweta Minerals                          Inland/Import LOC  CRISIL A4      65      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Tenny Jose Ltd                          Letter Of GuaranteeCRISIL A4+     200     Reaffirmed
(Issuer Not Cooperating)
Tenny Jose Ltd                          LOC                CRISIL A4+     30      Reaffirmed
(Issuer Not Cooperating)
Varalakshmi Starch Industries Pvt Ltd   BG                 CRISIL A4      5       -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Varalakshmi Starch Industries Pvt Ltd   LOC                CRISIL A4      15      -
(Issuer Not Cooperating);  Revised from CRISIL A4+
Veeranarayana Metal Alloys Pvt Ltd      BG                 CRISIL A4+     5       Reaffirmed
(Issuer Not Cooperating)
Veeranarayana Metal Alloys Pvt Ltd      LOC                CRISIL A4+     45      Reaffirmed
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    Inland Guarantees  CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    Inland/Import LOC  CRISIL A4      10      Reaffirmed
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    Packing Credit     CRISIL A4      13.5    Reaffirmed
(Issuer Not Cooperating)
Viral Associates                        BG                 CRISIL A4+     100     Assigned
Whiterose Microns LLP                   BG                 CRISIL A4      7       Reaffirmed
(Issuer Not Cooperating)


LONG TERM RATINGS:
-------------------
A One Steel and Alloys Pvt Ltd          CC                 CRISIL BBB-    850     Reaffirmed
A One Steel and Alloys Pvt Ltd          LT Loan            CRISIL BBB-    250     Reaffirmed
A One Steel and Alloys Pvt Ltd          TL                 CRISIL BBB-    250     Reaffirmed
A One Steels India Pvt Ltd              CC                 CRISIL BBB-    200     Reaffirmed
Placed on Rating Watch with Developing Implication
A One Steels India Pvt Ltd              Proposed FB Bk     CRISIL BBB-    4.3     Reaffirmed
                                        Limits
Placed on Rating Watch with Developing Implication
A. K. Manya September 2019 (Originator: Series A1 PTCs     Provisional    -       Assigned
Ess Kay Fincorp Ltd) - A. K. Manya                         CRISIL AA (SO)
43709
A. M. Mohammed Ali                      CC                 CRISIL B+      100     -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Adwaith Lakshmi Industries Pvt Ltd      CC/ Overdraft Fac  CRISIL B+      80      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Adwaith Lakshmi Industries Pvt Ltd      Foreign Currency TLCRISIL B+      50      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Adwaith Lakshmi Industries Pvt Ltd      Proposed LT Bk     CRISIL B+      50.8    -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Allterra Solutions LLP                  CC                 CRISIL BB-     50      Assigned
Allterra Solutions LLP                  Proposed LT Bk     CRISIL BB-     100     Assigned
                                        Loan Fac
Alubee Die Casters                      CC                 CRISIL B+      40      -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Alubee Die Casters                      Proposed LT Bk     CRISIL B+      30      -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Alubee Die Casters                      TL                 CRISIL B+      180     -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Amity Rock Products Pvt Ltd             CC                 CRISIL B+      40      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Amity Rock Products Pvt Ltd             Proposed LT Bk     CRISIL B+      92.1    -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Amity Rock Products Pvt Ltd             TL                 CRISIL B+      34.4    -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
AMRR Maharaja Dhall Mills               CC                 CRISIL B+      80      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
AMRR Maharaja Dhall Mills               LT Loan            CRISIL B+      48      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
AMRR Maharaja Dhall Mills               Proposed LT Bk     CRISIL B+      2       -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Ankur Roller Flour Mills Pvt Ltd        CC                 CRISIL D       300     Reaffirmed
(Issuer Not Cooperating)
Ankur Roller Flour Mills Pvt Ltd        LOC                CRISIL D       200     Reaffirmed
(Issuer Not Cooperating)
Ankur Roller Flour Mills Pvt Ltd        Proposed LT Bk     CRISIL D       300     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Anna Trouver Export Agenzia             Export Packing     CRISIL B       30      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Aravali Cylinders Pvt Ltd               CC                 CRISIL B       39.7    Reaffirmed
(Issuer Not Cooperating)
Aravali Cylinders Pvt Ltd               Proposed TL        CRISIL B       4.8     Reaffirmed
(Issuer Not Cooperating)
Ashirwad Construction                   Proposed LT Bk     CRISIL B+      40      -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
B. R. Oil Mills                         CC                 CRISIL B+      85      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
B. R. Oil Mills                         Proposed FB Bk     CRISIL B+      31.3    -
                                        Limits
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
B. R. Oil Mills                         TL                 CRISIL B+      8.7     -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
B. T. Kadlag Construction Pvt Ltd       CC                 CRISIL B       45      -
Downgraded from CRISIL BB/Stable
B. T. Kadlag Construction Pvt Ltd       Proposed TL        CRISIL B       180     -
Downgraded from CRISIL BB/Stable
Bag Poly Enterprises                    CC                 CRISIL B+      20.4    Reaffirmed
(Issuer Not Cooperating)
Bag Poly Enterprises                    Proposed CC Limit  CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating)
Bag Poly Enterprises                    Proposed LT Bk     CRISIL B+      21.4    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Bag Poly Enterprises                    TL                 CRISIL B+      28.2    Reaffirmed
(Issuer Not Cooperating)
Bee Kay Precision India Pvt Ltd         BG                 CRISIL D       10      -
(Issuer Not Cooperating); Downgraded from CRISIL C
Bee Kay Precision India Pvt Ltd         CC                 CRISIL D       80      -
(Issuer Not Cooperating); Downgraded from CRISIL C
Bitcon India Infrastructure Developers  Overdraft          CRISIL BBB     70      Reaffirmed
Pvt Ltd
Calpro Specialities Pvt Ltd             CC                 CRISIL B+      40      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Calpro Specialities Pvt Ltd             Foreign LOC**      CRISIL B+      20      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable. 
** Interchangeable with cash credit
Charming Printing and Graphics Pvt Ltd  CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Cheran Spinning Mills Pvt Ltd           CC                 CRISIL BBB     250     Reaffirmed
Cheran Spinning Mills Pvt Ltd           LT Loan            CRISIL BBB     55      Reaffirmed
Cheran Spinning Mills Pvt Ltd           Proposed LT Bk     CRISIL BBB     65      Reaffirmed
                                        Loan Fac
Corona Bus Manufacturers Pvt Ltd        CC                 CRISIL D       85      Reaffirmed
Corona Bus Manufacturers Pvt Ltd        Proposed FB Bk     CRISIL D       45      Reaffirmed
                                        Limits
Deccan Mechanical and Chemical          CC                 CRISIL BBB+    30      Reaffirmed
Industries Pvt Ltd
Deccan Mechanical and Chemical          Proposed BG        CRISIL BBB+    5       -
Industries Pvt Ltd
Dolphin Offshore Shipping Ltd           CC                 CRISIL C       15      Reaffirmed
(Issuer Not Cooperating)
Dolphin Offshore Shipping Ltd           Fund & NFBL        CRISIL C       35      Reaffirmed
(Issuer Not Cooperating)
Dolphin Offshore Shipping Ltd           Proposed LT Bk     CRISIL C       70      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Emboza Granito Pvt Ltd                  CC                 CRISIL B+      90      Reaffirmed
(Issuer Not Cooperating)
Emboza Granito Pvt Ltd                  Proposed LT Bk     CRISIL B+      7.5     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Emboza Granito Pvt Ltd                  TL                 CRISIL B+      262.5   Reaffirmed
(Issuer Not Cooperating)
G.S.R. Motors Pvt Ltd                   CC                 CRISIL B+      83      Revised from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
G.S.R. Motors Pvt Ltd                   Proposed LT Bk     CRISIL B+      10      Revised from
                                        Loan Fac                                  CRISIL BB-
(Issuer Not Cooperating)
Gayathri Poultry Farm                   CC                 CRISIL BB      105     Assigned
Gayathri Poultry Farm                   TL                 CRISIL BB      75      Assigned
Gayatri Sugars Ltd                      CC                 CRISIL D       675.9   Reaffirmed
Gayatri Sugars Ltd                      LT Loan            CRISIL D       207.3   Reaffirmed
Gayatri Sugars Ltd                      Proposed LT Bk     CRISIL D       476.8   Reaffirmed
                                        Loan Fac
Gondwana Engineers Ltd                  BG                 -              380     Withdrawn
(Issuer Not Cooperating)
Gondwana Engineers Ltd                  CC                 -              210     Withdrawn
(Issuer Not Cooperating)
Gondwana Engineers Ltd                  LOC                -              120     Withdrawn
(Issuer Not Cooperating)
Goodearth Minchem Pvt Ltd               CC                 CRISIL B+      50      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Goodearth Minchem Pvt Ltd               TL                 CRISIL B+      40      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Hari and Co International LLP           Export Packing     CRISIL BB-     100     Reaffirmed
                                        Credit
Hitech Grain Processing Pvt Ltd         CC                 CRISIL D       1543    Reaffirmed
(Issuer Not Cooperating)
Hitech Grain Processing Pvt Ltd         LOC                CRISIL D       1488    Reaffirmed
(Issuer Not Cooperating)
Hitech Grain Processing Pvt Ltd         Proposed LT Bk     CRISIL D       69      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Holiday Village Resorts Pvt Ltd         CC                 CRISIL D       20      Reaffirmed
(Issuer Not Cooperating)
Holiday Village Resorts Pvt Ltd         TL                 CRISIL D       151.2   Reaffirmed
(Issuer Not Cooperating)
Indo Amines Ltd                         CC                 CRISIL BBB+    875     Reaffirmed
Indo Amines Ltd                         Proposed TL        CRISIL BBB+    160     Reaffirmed
Indo Amines Ltd                         TL                 CRISIL BBB+    226.5   Reaffirmed
Indraprasth Foods Ltd                   CC                 CRISIL B+      360     -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Infinity Advertising Services Pvt Ltd   TL                 CRISIL BB+     30      Assigned
Infinity Advertising Services Pvt Ltd   Loan Against       CRISIL BB+     20      Assigned
                                        Property
Infinity Advertising Services Pvt Ltd   CC                 CRISIL BB+     75      Assigned
Iscon Craft Paper Mill Pvt Ltd          CC                 CRISIL B+      55      Reaffirmed
(Issuer Not Cooperating)
Iscon Craft Paper Mill Pvt Ltd          Proposed LT Bk     CRISIL B+      18.1    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Iscon Craft Paper Mill Pvt Ltd          TL                 CRISIL B+      66.9    Reaffirmed
(Issuer Not Cooperating)
Jankalyan Shiksha Vikas Sewa Samiti     Proposed LT Bk     -              10      Withdrawn
                                        Loan Fac
Kailash Hillways Engineering associates CC                 CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating)
Kailash Hillways Engineering associates TL                 CRISIL B+      7       Reaffirmed
(Issuer Not Cooperating)
Kastum Engineers - Aurangabad           CC                 CRISIL B+      20      Reaffirmed
(Issuer Not Cooperating)
Kirpa Rice Mills                        CC                 CRISIL B+      290     Reaffirmed
(Issuer Not Cooperating)
Krishna Enterprises - Mathura           CC                 CRISIL B       90      Reaffirmed
(Issuer Not Cooperating)
Kumar Dhall Mills                       CC                 CRISIL B+      80      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Lakshman Tools Pvt Ltd                  Bill Discounting   CRISIL D       5       -
                                        under LOC
Downgraded from CRISIL B-/Stable
Lakshman Tools Pvt Ltd                  CC                 CRISIL D       30      -
Downgraded from CRISIL B-/Stable
Lakshman Tools Pvt Ltd                  LOC                CRISIL D       10      -
Downgraded from CRISIL B-/Stable
Lakshman Tools Pvt Ltd                  Proposed FB Bk     CRISIL D       30      -
                                        Limits
Downgraded from CRISIL B-/Stable
Lakshman Tools Pvt Ltd                  TL                 CRISIL D       5       -
Downgraded from CRISIL B-/Stable
Leelap Clothing Pvt Ltd                 CC                 CRISIL D       282.5   Reaffirmed
(Issuer Not Cooperating)
Leelap Clothing Pvt Ltd                 LT Loan            CRISIL D       230     Reaffirmed
(Issuer Not Cooperating)
Leelap Clothing Pvt Ltd                 Proposed WC Fac    CRISIL D       30      Reaffirmed
(Issuer Not Cooperating)
Lilasons Alco Bev Pvt Ltd               CC                 CRISIL B+      120     Reaffirmed
Lotus Woodtech Pvt Ltd                  CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
Lotus Woodtech Pvt Ltd                  Proposed LT Bk     CRISIL B       2       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Lotus Woodtech Pvt Ltd                  TL                 CRISIL B       13      Reaffirmed
(Issuer Not Cooperating)
M B Motor Body Builders                 CC                 CRISIL B+      35      Reaffirmed
(Issuer Not Cooperating)
Mahabir Cold Storage Pvt Ltd            CC                 CRISIL BB-     193     Reaffirmed
Mahabir Cold Storage Pvt Ltd            TL                 CRISIL BB-     1       Reaffirmed
Mahestala Agro Foods Pvt Ltd            CC                 CRISIL BB      173     Reaffirmed
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Manish International                    Export Packing     CRISIL B       20      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Manish International                    Foreign Bill       CRISIL B       50      Reaffirmed
                                        Purchase^
(Issuer Not Cooperating)
Manish International                    Standby Line of    CRISIL B       5.5     Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Mark Infrastructure Pvt Ltd             BG                 CRISIL D       50      -
Downgraded from CRISIL BB-/Stable
Mark Infrastructure Pvt Ltd             CC                 CRISIL D       45      -
Downgraded from CRISIL BB-/Stable
Mark Infrastructure Pvt Ltd             Proposed LT Bk     CRISIL D       50      -
                                        Loan Fac
Downgraded from CRISIL BB-/Stable
Multiflex Polybags Pvt Ltd              CC                 CRISIL BB-     22.5    Reaffirmed
Multiflex Polybags Pvt Ltd              Proposed LT Bk     CRISIL BB-     43      -
                                        Loan Fac
Multiflex Polybags Pvt Ltd              TL                 CRISIL BB-     23.5    Reaffirmed
Naman Metal                             CC*                CRISIL BB-     62.5    -
Upgraded from CRISIL B+/Stable. 
*LC as a sublimit of CC of Rs 2.25 crore
Nandan Steels and Power Ltd             CC                 CRISIL BBB+    970     Reaffirmed
Nandan Steels and Power Ltd             LT Loan            CRISIL BBB+    130     Reaffirmed
Nandan Steels and Power Ltd             Proposed CC Limit  CRISIL BBB+    80      Reaffirmed
Nandan Steels and Power Ltd             Proposed LT Bk     CRISIL BBB+    159.4   Reaffirmed
                                        Loan Fac
Nandan Steels and Power Ltd             Standby Line of    CRISIL BBB+    80      Reaffirmed
                                        Credit
Nandan Steels and Power Ltd             TL                 CRISIL BBB+    208.2   Reaffirmed
Nani S Buildcon Pvt Ltd                 LT Loan            CRISIL BB      100     Reaffirmed
(Issuer Not Cooperating)
Neelkanth Yarn                          CC                 CRISIL B+      178     -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Neelkanth Yarn                          Proposed CC Limit  CRISIL B+      10      -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
New Haryana Overseas                    CC                 CRISIL BB-     60      Reaffirmed
(Issuer Not Cooperating)
New Haryana Overseas                    Export Packing     CRISIL BB-     60      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
North Western Karnataka Road Transport  Proposed LT Bk     CRISIL BB-     128.9   Reaffirmed
Corporation                             Loan Fac
North Western Karnataka Road Transport  TL                 CRISIL BB-     1081.1  Reaffirmed
Corporation
Northern Arc 2019 MFI Bruges            Northern Arc 2019  CRISIL A+ (SO) -       Final Rating
(Originator: Asirvad Microfinance Ltd)  MFI Bruges
Converted from Provisional Rating to Final Rating
Om Parkash Surinder Mohan               CC                 CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating)
Om Parkash Surinder Mohan               Proposed LT Bk     CRISIL B+      12      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Oncocare Medicals Pvt Ltd               CC                 CRISIL B+      2       -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Oncocare Medicals Pvt Ltd               Drop Line          CRISIL B+      13      -
                                        Overdraft Fac
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Oncocare Medicals Pvt Ltd               Proposed LT Bk     CRISIL B+      10      -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Oncocare Medicals Pvt Ltd               TL                 CRISIL B+      105     -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Oxford Shiksha Prasar Sansthan          Proposed LT Bk     -              10      Withdrawn
                                        Loan Fac
P. D. Industries Pvt Ltd                CC                 CRISIL B       130     Reaffirmed
(Issuer Not Cooperating)
P. D. Industries Pvt Ltd                Proposed LT Bk     CRISIL B       20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
P.N.Gadgil Jewellers Pvt Ltd            CC                 CRISIL BBB     1200    Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
P.N.Gadgil Jewellers Pvt Ltd            TL                 CRISIL BBB     740     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
P.N.Gadgil Jewellers Pvt Ltd            WC Demand Loan     CRISIL BBB     900     Migrated from
                                                                                  CRISIL BBB+
(Issuer Not Cooperating)
Palak Jewellers Pvt Ltd                 CC                 CRISIL BBB     350     Reaffirmed
Peacock Apparels Pvt Ltd                Packing Credit     CRISIL B+      40      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Perlei Textiles Pvt Ltd                 Foreign Bill       CRISIL BBB-    80      -
                                        Purchase
Perlei Textiles Pvt Ltd                 TL                 CRISIL BBB-    6.9     -
Power Spinning Mills                    CC                 CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating)
PRR Travels                             CC                 CRISIL B+      102.5   -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
PRR Travels                             LT Loan            CRISIL B+      47.5    -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Puneet Enterprises - Aurangabad         CC                 CRISIL B+      150     Puneet
                                                                                  Enterprises -
                                                                                  Aurangabad
(Issuer Not Cooperating)
Purbanchal Enterprise                   CC                 CRISIL BB-     30      Reaffirmed
(Issuer Not Cooperating)
Q - One                                 CC                 CRISIL B+      14.5    Reaffirmed
(Issuer Not Cooperating)
Q - One                                 TL                 CRISIL B+      85.5    Reaffirmed
(Issuer Not Cooperating)
R. P. Industries - New Delhi            CC                 CRISIL B+      40      Revised from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
R. P. Industries - New Delhi            Proposed LT Bk     CRISIL B+      1.4     Revised from
                                        Loan Fac                                  CRISIL BB-
(Issuer Not Cooperating)
R. P. Industries - New Delhi            TL                 CRISIL B+      3.6     Revised from
                                                                                  CRISIL BB-
(Issuer Not Cooperating)
Rajlaxmi Agrotech India Pvt Ltd         CC                 CRISIL B+      45      Reaffirmed
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Rajlaxmi Agrotech India Pvt Ltd         Warehouse FinancingCRISIL B+      75      Reaffirmed
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Rajlaxmi Agrotech India Pvt Ltd         Warehouse Receipts CRISIL B+      100     Assigned
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Resonance Specialties Ltd               CC                 CRISIL BB      34      -
Upgraded from CRISIL BB-/Stable
Resonance Specialties Ltd               Proposed LT Bk     CRISIL BB      46      -
                                        Loan Fac
Upgraded from CRISIL BB-/Stable
Revive Construction Company India Pvt   BG                 CRISIL D       350     -
Ltd
(Issuer Not Cooperating); Downgraded from CRISIL B+/Stable
Revive Construction Company India Pvt   Overdraft          CRISIL D       650     -
Ltd
(Issuer Not Cooperating); Downgraded from CRISIL B+/Stable
Sadbhav Bhavnagar Highway Pvt Ltd       LT Loan            CRISIL BBB+    4344.9  -
Downgraded from CRISIL A/Negative
Sadbhav Rudrapur Highway Pvt Ltd        LT Loan            CRISIL BBB     3542.4  -
Downgraded from CRISIL A-/Negative
Saipooja Agrotech Cold Storage          Pledge Loan        CRISIL B       45      Reaffirmed
(Issuer Not Cooperating)
Saipooja Agrotech Cold Storage          Proposed LT Bk     CRISIL B       51.9    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Saipooja Agrotech Cold Storage          TL                 CRISIL B       28.1    Reaffirmed
(Issuer Not Cooperating)
Sam Exports                             Proposed TL        CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
SEC Industries Pvt Ltd                  CC                 CRISIL BB+     120     -
Downgraded from CRISIL BBB-/Stable
SEC Industries Pvt Ltd                  Proposed LT Bk     CRISIL BB+     382     -
                                        Loan Fac
Downgraded from CRISIL BBB-/Stable
SEC Industries Pvt Ltd                  Rupee TL           CRISIL BB+     168     -
Downgraded from CRISIL BBB-/Stable
Shapoorji Pallonji Finance Pvt Ltd      Proposed LT Bk     CRISIL A+      2750    Reaffirmed
                                        Loan Fac
Shapoorji Pallonji Finance Pvt Ltd      TL                 CRISIL A+      4250    Reaffirmed
Shapoorji Pallonji Finance Pvt Ltd      WC Fac             CRISIL A+      3000    Reaffirmed
Shapoorji Pallonji Finance Pvt Ltd      NCD                CRISIL         2000    -
                                                           A+/Stable
Shivashakti Dall Industries             CC                 CRISIL B+      69      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Shivashakti Dall Industries             LT Loan            CRISIL B+      15      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Shivashakti Dall Industries             Proposed LT Bk     CRISIL B+      6       -
                                        Loan Fac
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Shre Devaraja Agro Aseptic Industries   CC                 CRISIL B+      75      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Shre Devaraja Agro Aseptic Industries   Export Packing     CRISIL B+      5       -
                                        Credit
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Shri Ram Cotton and Oil Mills           CC                 CRISIL B+      55      Reaffirmed
(Issuer Not Cooperating)
Sona Food Products                      CC                 CRISIL BB-     105     Reaffirmed
Sona Rice Industries                    CC                 CRISIL BB-     50      Reaffirmed
Sree Sumangala Metals and Industries    CC                 CRISIL BB+     520     Reaffirmed
Pvt Ltd
Sri Devaraaja Agro Industries           CC                 CRISIL B+      190     -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Sri Devaraaja Agro Industries           LT Loan            CRISIL B+      10      -
(Issuer Not Cooperating);  Revised from CRISIL BB+/Stable
Sri Ganga Mills                         Bill Discounting   CRISIL B+      0.5     Reaffirmed
(Issuer Not Cooperating)
Sri Ganga Mills                         CC                 CRISIL B+      40      Reaffirmed
(Issuer Not Cooperating)
Sri Ganga Mills                         Key CC             CRISIL B+      11.5    Reaffirmed
(Issuer Not Cooperating)
Sri Ganga Mills                         LT Bk Fac          CRISIL B+      4.5     Reaffirmed
(Issuer Not Cooperating)
Sri Ganga Mills                         Proposed LT Bk     CRISIL B+      5.7     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Sri Kakatiya Industries (India) Pvt Ltd CC                 CRISIL BB      120     Reaffirmed
Sri Kakatiya Industries (India) Pvt Ltd LT Loan            CRISIL BB      31      Reaffirmed
Sri Kakatiya Industries (India) Pvt Ltd Proposed CC Limit  CRISIL BB      55      Assigned
Sun Forge Pvt Ltd                       CC                 CRISIL BB      70      Reaffirmed
(Issuer Not Cooperating)
Surya Alloy Industries Ltd              CC                 CRISIL D       914.9   Reaffirmed
(Issuer Not Cooperating)
Surya Alloy Industries Ltd              LOC & BG           CRISIL D       507.7   Reaffirmed
(Issuer Not Cooperating)
Surya Alloy Industries Ltd              TL                 CRISIL D       1733.8  Reaffirmed
(Issuer Not Cooperating)
Suryadipta Projects Pvt Ltd             Proposed FB Bk     CRISIL BB-     2       Assigned
                                        Limits
Suryadipta Projects Pvt Ltd             CC                 CRISIL BB-     18      Assigned
Sweta Minerals                          CC                 CRISIL B+      35      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Tenny Jose Ltd                          CC                 CRISIL BB+     120     Reaffirmed
(Issuer Not Cooperating)
Tenny Jose Ltd                          TL                 CRISIL BB+     18.3    -
(Issuer Not Cooperating)
Umrao Hotels and Resorts Pvt Ltd        Proposed LT Bk     CRISIL BB-     80      -
                                        Loan Fac
Downgraded from CRISIL BBB-/Stable
Umrao Hotels and Resorts Pvt Ltd        TL                 CRISIL BB-     50      -
Downgraded from CRISIL BBB-/Stable
Unitriveni Overseas                     Export Packing     CRISIL D       45      -
                                        Credit
(Issuer Not Cooperating); Revised from CRISIL B+/Stable
Unitriveni Overseas                     Foreign Bill       CRISIL D       40      -
                                        Discounting
(Issuer Not Cooperating); Revised from CRISIL B+/Stable
Unitriveni Overseas                     Proposed LT Bk     CRISIL D       10      -
                                        Loan Fac
(Issuer Not Cooperating); Revised from CRISIL B+/Stable
Varalakshmi Starch Industries Pvt Ltd   CC                 CRISIL B+      207     -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Varalakshmi Starch Industries Pvt Ltd   Standby LOC        CRISIL B+      20      -
(Issuer Not Cooperating);  Revised from CRISIL BB/Stable
Veeranarayana Metal Alloys Pvt Ltd      Overdraft          CRISIL BB-     100     Reaffirmed
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    CC                 CRISIL B+      41.5    Reaffirmed
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    Proposed LT Bk     CRISIL B+      19.4    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Viraj Syntex Pvt Ltd                    TL                 CRISIL B+      20.6    Reaffirmed
(Issuer Not Cooperating)
Viral Associates                        Proposed LT Bk     CRISIL BB      30      Assigned
                                        Loan Fac
Viral Associates                        Proposed BG        CRISIL BB      35      Assigned
Viral Associates                        CC                 CRISIL BB      5       Assigned
Vivek Enterprise - Junagadh             CC                 CRISIL B       100     Reaffirmed
(Issuer Not Cooperating)
Vivek Enterprise - Junagadh             LT Loan            CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Vivriti Neal 09 2019 (Originator: Ess   Series A2 PTCs     Provisional    -       Assigned
Kay Fincorp Ltd) -Vivriti Neal 09 2019                     CRISIL A+ (SO)
Vivriti Neal 09 2019 (Originator: Ess   Series A1 PTCs     Provisional    -       Assigned
Kay Fincorp Ltd) -Vivriti Neal 09 2019                     CRISIL AA (SO)
Whiterose Microns LLP                   CC                 CRISIL B+      22.5    Reaffirmed
(Issuer Not Cooperating)
Whiterose Microns LLP                   Rupee TL           CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating)
Yash Laxmi Solvent Pvt Ltd              CC                 CRISIL B+      163     -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
Yash Laxmi Solvent Pvt Ltd              TL                 CRISIL B+      77      -
(Issuer Not Cooperating);  Revised from CRISIL BB-/Stable
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

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