October 25, 2018 / 10:35 AM / 9 months ago

CRISIL ratings for Indian debt instruments-Oct 25

   Oct 25 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 24, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Agarwal Coal Corporation Pvt Ltd        BG@                CRISIL A2+     1900    Reaffirmed
@ Interchangeable with letter of credit to the extent of Rs 50 crore
Agarwal Coal Corporation Pvt Ltd        LOC#               CRISIL A2+     7000    Reaffirmed
# Includes Rs 20 crore sublimit of bank guarantee to the extent of Rs 250 crore
Agarwal Fuel Corporation Pvt Ltd        LOC                CRISIL A2+     1700    Reaffirmed
Agarwal Transport Corporation Pvt Ltd   BG                 CRISIL A2+     5       Reaffirmed
Ajab Singh and Company                  BG                 CRISIL A4      200     Assigned
Akash Infra Projects Ltd                BG                 CRISIL A4+     370     Reaffirmed
Armstrong Knitting Mills                Packing Credit     CRISIL A4      160     Reaffirmed
(Issuer Not Cooperating)
Arora Industries                        Export Performance CRISIL A4+     6       -
                                        Guarantee
Upgraded from CRISIL D
Arora Industries                        LOC                CRISIL A4+     51      -
Upgraded from CRISIL D
Arora Knit Fab Pvt Ltd                  Export Performance CRISIL A4+     5       -
                                        Guarantee
Upgraded from CRISIL D
Arora Knit Fab Pvt Ltd                  Inland/Import LOC  CRISIL A4+     17.5    -
Upgraded from CRISIL D
Aryacon Contractors and Engineers       BG                 CRISIL A4      9.1     Reaffirmed
Ashtech India Pvt Ltd                   LOC & BG           CRISIL A3      150     -
Ashtech India Pvt Ltd                   Overdraft          CRISIL A3      240     -
Asianol Shipping Ltd                    BG                 CRISIL A4      15.2    Reaffirmed
(Issuer Not Cooperating)
B Ghose and Co Pvt Ltd                  BG                 CRISIL A4+     15      Reaffirmed
(Issuer Not Cooperating)
B. Braun Medical India Pvt Ltd          BG                 CRISIL A2      100     -
Downgraded from CRISIL A2+
Brainwave Medical Technologies Pvt Ltd  BG                 CRISIL A4+     40      Reaffirmed
Emmtex Synthetics Ltd                   Inland/Import LOC  CRISIL A4+     5       Reaffirmed
(Issuer Not Cooperating)
Fascination India                       Foreign LOC        CRISIL A4      1       Reaffirmed
(Issuer Not Cooperating)
Geeta Refinery Pvt Ltd                  Proposed LOC       CRISIL A4      150     Reaffirmed
(Issuer Not Cooperating)
Generic Engineering and Construction    LOC & BG           CRISIL A4      80      Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Global Infonet Distribution Pvt Ltd     LOC & BG           CRISIL A4      750     Reaffirmed
(Issuer Not Cooperating)
Goyal Agro Industries - Raipur          BG                 CRISIL A4      30      Assigned
Green Fingers India Pvt Ltd             Foreign Exchange   CRISIL A4      0.5     Reaffirmed
                                        Forward
(Issuer Not Cooperating)
Green Fingers India Pvt Ltd             LOC                CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Green Fingers India Pvt Ltd             Packing Credit     CRISIL A4      65      Reaffirmed
(Issuer Not Cooperating)
Gudi Exports Pvt Ltd                    BG                 CRISIL A4      0.5     Reaffirmed
Gudi Exports Pvt Ltd                    Foreign Bill       CRISIL A4      60      Reaffirmed
                                        Purchase
Gudi Exports Pvt Ltd                    Foreign Exchange   CRISIL A4      12.5    Reaffirmed
                                        Forward
Gudi Exports Pvt Ltd                    Packing Credit     CRISIL A4      40      Reaffirmed
Hindustan Zinc Ltd                      LOC                CRISIL A1+     10000   Reaffirmed
Hindustan Zinc Ltd                      Proposed WC Fac    CRISIL A1+     2000    Reaffirmed
Hindustan Zinc Ltd                      CP                 CRISIL A1+     50000   Reaffirmed
(Enhanced from Rs.2000 Crore) 
Jaipan Industries Ltd                   Packing Credit     CRISIL A4+     10      -
Jindal Pipes Ltd                        Non-FBL#           CRISIL A1+     2100    Reaffirmed
# Interchangeable with Letter of Credit and Bank Guarantee
Joyalukkas India Pvt Ltd                ST Loan            CRISIL A1      950     Assigned
JSL Industries Ltd                      BG                 CRISIL A4+     97      Reaffirmed
JSL Industries Ltd                      LOC                CRISIL A4+     13      Reaffirmed
Kangaro Industries Ltd                  Foreign Bill       CRISIL A1+     10      Reaffirmed
                                        Discounting
Kangaro Industries Ltd                  LOC                CRISIL A1+     10      Reaffirmed
Kanin India                             Foreign Bill       CRISIL A1+     10      Reaffirmed
                                        Discounting
Kanin India                             LOC                CRISIL A1+     5       Reaffirmed
Kanin India                             Packing Credit     CRISIL A1+     80      Reaffirmed
Kothari Fermentation And Biochem Ltd    BG                 CRISIL A3      16.9    -
Migrated from CRISIL A4+ (Issuer Not Cooperating)*
Kothari Fermentation And Biochem Ltd    LOC                CRISIL A3      13.1    -
Migrated from CRISIL A4+ (Issuer Not Cooperating)*
Krishi Constructions Pvt Ltd            BG                 CRISIL A4+     50      Assigned
L M J Services Ltd                      Inventory Funding  CRISIL A4+     50      Reaffirmed
                                        Fac
(Issuer Not Cooperating)
M. G. Jaijith                           BG                 CRISIL A4      30      Reaffirmed
M. G. Jaijith                           Overdraft          CRISIL A4      70      Reaffirmed
M/S. R.Z. Malpani                       BG                 CRISIL A4      62.5    Reaffirmed

(Issuer Not Cooperating)
Malabar Associates                      BG                 CRISIL A4      50      Reaffirmed
Mas Enterprises Ltd                     Bill Discounting   CRISIL A4      23      Reaffirmed
(Issuer Not Cooperating)
MDC Pharmaceuticals Pvt Ltd             Bill Discounting   CRISIL A4+     20      Reaffirmed
                                        under LOC
Migrated from CRISIL A4+ (Issuer Not Cooperating)*
North East Agro Product                 BG                 CRISIL A4      3       -
P.T. Sreenivasan                        BG                 CRISIL A4      33      Reaffirmed
Padmaja Specialities                    BG                 CRISIL A4      25      Assigned
Patel Agri Export                       LOC                CRISIL A4+     60      Reaffirmed
PNP Polymers Pvt Ltd                    LOC                CRISIL A3+     200     Reaffirmed
PNP Polytex Pvt Ltd                     LOC                CRISIL A3+     850     Reaffirmed
Premier Civil Contracts Pvt Ltd         BG                 CRISIL A4+     10      Assigned
Progressive Fertichem Pvt Ltd           BG                 CRISIL A4+     12      Reaffirmed
(Issuer Not Cooperating)
Progressive Fertichem Pvt Ltd           LOC                CRISIL A4+     40      Reaffirmed
(Issuer Not Cooperating)
R B Patil Infrastructure Pvt Ltd        BG                 CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
R N Knitfab Pvt Ltd                     Inland/Import LOC  CRISIL A4+     5       Reaffirmed
(Issuer Not Cooperating)
R. N. Dobariya                          BG                 CRISIL A2      950     Reaffirmed
R.G. Buildwell Engineers Ltd            BG                 CRISIL A4+     670     Reaffirmed
(Issuer Not Cooperating)
R.G. Buildwell Engineers Ltd            CC                 CRISIL A4+     300     Reaffirmed
(Issuer Not Cooperating)
R.S. Agrawal Infratech Pvt Ltd          BG                 CRISIL A4      150     Reaffirmed
(Issuer Not Cooperating)
R.S.Ispat Ltd                           LOC                CRISIL A4      65      Reaffirmed
(Issuer Not Cooperating)
Rajasthan Transmat Pvt Ltd              BG                 CRISIL A4      25      Reaffirmed
(Issuer Not Cooperating)
Rajasthan Transmat Pvt Ltd              LOC                CRISIL A4      5       Reaffirmed
(Issuer Not Cooperating)
Rajbir Construction Pvt Ltd             BG                 CRISIL A4+     710     Reaffirmed
(Issuer Not Cooperating)
Rangoli Industries Pvt Ltd              BG                 CRISIL A4      4.3     Reaffirmed
(Issuer Not Cooperating)
Ravi Dyeware Company Pvt Ltd            Letter Of GuaranteeCRISIL A4+     30      Reaffirmed
(Issuer Not Cooperating)
Ravi Dyeware Company Pvt Ltd            LOC                CRISIL A4+     200     Reaffirmed
(Issuer Not Cooperating)
Reliance Metal Industries               BG                 CRISIL A4      45      Reaffirmed
(Issuer Not Cooperating)
Ritisha Oils Pvt Ltd                    LOC                CRISIL A4      100     Reaffirmed
(Issuer Not Cooperating)
RKD Construction Pvt Ltd                BG                 CRISIL A4+     1550    Reaffirmed
(Issuer Not Cooperating)
RKD Construction Pvt Ltd                Proposed BG        CRISIL A4+     525     Reaffirmed
(Issuer Not Cooperating)
Roshan Fruits India Pvt Ltd             LOC                CRISIL A4      15      Reaffirmed
(Issuer Not Cooperating)
Roshan Fruits India Pvt Ltd             Packing Credit     CRISIL A4      60      Reaffirmed
(Issuer Not Cooperating)
S.P.K. and Co.                          BG                 CRISIL A2      400     Reaffirmed
S.P.K. and Co.                          Proposed BG        CRISIL A2      500     Reaffirmed
S.P.K. and Co.                          ST Loan            CRISIL A2      300     Reaffirmed
Sabitri Rice Mills Pvt Ltd              BG                 CRISIL A4      1       Reaffirmed
(Issuer Not Cooperating)
SBW Udyog Ltd                           BG                 CRISIL A4+     50      Reaffirmed
(Issuer Not Cooperating)
Shiva Trading Company                   LOC                CRISIL A4      40      Reaffirmed
Shyam Metalics and Energy Ltd           BG                 CRISIL A1      180     -
Shyam Metalics and Energy Ltd           LOC                CRISIL A1      2840    -
Shyam Sel and Power Ltd                 BG                 CRISIL A1      250     -
Upgraded from CRISIL A2+
Shyam Sel and Power Ltd                 LOC                CRISIL A1      2900    -
Upgraded from CRISIL A2+
Shyam Sel and Power Ltd                 CP                 CRISIL A1      150     Upgraded from
                                                                                  CRISIL A2+
Sri Lakosha Polymer Pvt Ltd             LOC                CRISIL A4      190     Reaffirmed
Stone Concern Infrastructure            BG                 CRISIL A4      150     Reaffirmed
Development Pvt Ltd
(Issuer Not Cooperating)
Surat Goods Transport Pvt Ltd           BG                 CRISIL A4+     85      Reaffirmed
(Issuer Not Cooperating)
Tata Ceramics Ltd                       Export Packing     CRISIL A3      185     Reaffirmed
                                        Credit*
*Includes post-shipment finance of up to Rs 2.5 crore
 (sanctioned as sublimit of export packing credit)
Tata Ceramics Ltd                       LOC                CRISIL A3      35      Reaffirmed
Tata Ceramics Ltd                       Non-FBL            CRISIL A3      17      Reaffirmed
Tata Motors Finance Solutions Ltd       CP Programme       CRISIL A1+     25000   Reaffirmed
The Suminter Organic And Fair Trade     Pre Shipment Fac   CRISIL A2+     75      Reaffirmed
Cotton Ginning Mill Pvt Ltd
Tirupati Balaji Extrusion Pvt Ltd       BG                 CRISIL A4      6       Reaffirmed
Z. A. Sea Foods Pvt Ltd                 BG                 CRISIL A3      7       Reaffirmed
Z. A. Sea Foods Pvt Ltd                 FB Fac             CRISIL A3      10      Reaffirmed
Z. A. Sea Foods Pvt Ltd                 Packing Credit     CRISIL A3      154     -
Z. A. Sea Foods Pvt Ltd                 Standby Line of    CRISIL A3      28      Assigned
                                        Credit
Zibon Ceramic Pvt Ltd                   BG                 CRISIL A4+     7.5     Assigned


LONG TERM RATINGS:
-------------------
A to Z Developers Ltd                   Proposed LT Bk     CRISIL BB-     90      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
A to Z Developers Ltd                   TL                 CRISIL BB-     100     Reaffirmed
(Issuer Not Cooperating)
Agarwal Coal Corporation Pvt Ltd        Bill Discounting^  CRISIL A-      250     Reaffirmed
^ One way interchangeability to cash credit backed by drawing power
Agarwal Coal Corporation Pvt Ltd        CC*                CRISIL A-      800     Reaffirmed
* One way interchangeability to Letter of credit/letter of comfort to the extent of Rs 57.5
crore
Agarwal Coal Corporation Pvt Ltd        Overdraft**        CRISIL A-      450     Reaffirmed
** One way interchangeability to Letter of credit/letter of comfort to the extent of Rs 37 crore
Agarwal Fuel Corporation Pvt Ltd        CC                 CRISIL A-      200     Reaffirmed
Agarwal Fuel Corporation Pvt Ltd        Overdraft          CRISIL A-      150     Reaffirmed
Agarwal Transport Corporation Pvt Ltd   CC*                CRISIL A-      300     Reaffirmed
*Interchangeable with bank guarantee to the extent of Rs 0.5 crore
Ajab Singh and Company                  CC                 CRISIL B+      180     Assigned
Akash Infra Projects Ltd                CC                 CRISIL BB+     200     Reaffirmed
Akash Infra Projects Ltd                Proposed LT Bk     CRISIL BB+     230     Reaffirmed
                                        Loan Fac
Annapurna Mahila Co operative Credit    CC                 CRISIL BB      360     Reaffirmed
Society Ltd
Annapurna Mahila Co operative Credit    Proposed LT Bk     CRISIL BB      59.2    Assigned
Society Ltd                             Loan Fac
Armstrong Knitting Mills                CC                 CRISIL B-      100     Reaffirmed
(Issuer Not Cooperating)
Armstrong Knitting Mills                Foreign Bill       CRISIL B-      26.5    Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Armstrong Knitting Mills                LT Loan            CRISIL B-      17.9    Reaffirmed
(Issuer Not Cooperating)
Arora Industries                        CC                 CRISIL BB-     390     -
Upgraded from CRISIL D
Arora Industries                        Rupee TL           CRISIL BB-     53      -
Upgraded from CRISIL D
Arora Knit Fab Pvt Ltd                  CC                 CRISIL BB-     380     -
Upgraded from CRISIL D
Arora Knit Fab Pvt Ltd                  Proposed LT Bk     CRISIL BB-     10.5    -
                                        Loan Fac
Upgraded from CRISIL D
Arora Knit Fab Pvt Ltd                  TL                 CRISIL BB-     87      -
Upgraded from CRISIL D
Artech Realtors Pvt Ltd                 LT Loan            CRISIL BB-     177     Reaffirmed
(Issuer Not Cooperating)
Aryacon Contractors and Engineers       CC                 CRISIL B+      60      Reaffirmed
Aryacon Contractors and Engineers       Proposed LT Bk     CRISIL B+      0.9     Reaffirmed
                                        Loan Fac
Ashray Welfare Foundation               Proposed FB Bk     CRISIL B       10      Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Ashtech India Pvt Ltd                   CC                 CRISIL BBB-    10      -
Ashtech India Pvt Ltd                   LT Loan            CRISIL BBB-    310     -
Ashtech India Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    100     -
                                        Loan Fac
Ashtech India Pvt Ltd                   Rupee TL           CRISIL BBB-    140     -
Ashwani Goyal                           CC                 CRISIL B-      7.5     Reaffirmed
(Issuer Not Cooperating)
Ashwani Goyal                           TL                 CRISIL B-      99.6    Reaffirmed
(Issuer Not Cooperating)
Asianol Shipping Ltd                    CC                 CRISIL B+      29      Reaffirmed
(Issuer Not Cooperating)
Asianol Shipping Ltd                    Proposed LT Bk     CRISIL B+      15.4    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Asianol Shipping Ltd                    TL                 CRISIL B+      120.4   Reaffirmed
(Issuer Not Cooperating)
B Ghose and Co Pvt Ltd                  CC                 CRISIL BB-     85      Reaffirmed
(Issuer Not Cooperating)
B Ghose and Co Pvt Ltd                  Proposed LT Bk     CRISIL BB-     25      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
B Ghose and Co Pvt Ltd                  TL                 CRISIL BB-     5       Reaffirmed
(Issuer Not Cooperating)
B. Braun Medical India Pvt Ltd          CC/ Overdraft Fac  CRISIL BBB+    540     -
Downgraded from CRISIL A-
B. Braun Medical India Pvt Ltd          Proposed WC Fac    CRISIL BBB+    200     -
Downgraded from CRISIL A-
B. Braun Medical India Pvt Ltd          WC Fac             CRISIL BBB+    160     Assigned
Downgraded from CRISIL A-
Babasaheb Deshmukh Shetkari Sahakari    TL                 CRISIL D       224     Reaffirmed
Soot Girni Maryadit
(Issuer Not Cooperating)
Best Cheran Spintex India Ltd           Drop Line          CRISIL B       120     Reaffirmed
                                        Overdraft Fac
(Issuer Not Cooperating)
Best Cheran Spintex India Ltd           Proposed LT Bk     CRISIL B       261     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
BMW Iron and Steel Industries Ltd       LT Loan            CRISIL BB      345     Reaffirmed
Boss Tech Rice and Agro Pvt Ltd         CC                 CRISIL BB-     100     Reaffirmed
Boss Tech Rice and Agro Pvt Ltd         Proposed LT Bk     CRISIL BB-     50      Reaffirmed
                                        Loan Fac
Brainwave Medical Technologies Pvt Ltd  CC                 CRISIL BB+     60      -
Cauvery Neeravari Nigama Ltd            TL                 CRISIL AA-(SO) 5000    Assigned
Cauvery Neeravari Nigama Ltd            Bonds - Series II  CRISIL AA-(SO) 2000    Reaffirmed
Chatterjee Cleaning Arts Services Pvt   CC                 CRISIL BB-     75      Reaffirmed
Ltd
(Issuer Not Cooperating)
Chatterjee Cleaning Arts Services Pvt   Proposed LT Bk     CRISIL BB-     10      Reaffirmed
Ltd                                     Loan Fac
(Issuer Not Cooperating)
Curatio Healthcare (I) Pvt Ltd          TL                 CRISIL BB-     360     Assigned
D. Vijay Pharma Pvt Ltd                 CC                 CRISIL B       73      Reaffirmed
(Issuer Not Cooperating)
D. Vijay Pharma Pvt Ltd                 Proposed CC Limit  CRISIL B       7       Reaffirmed
(Issuer Not Cooperating)
Dakshin Exports                         Export Packing     CRISIL B+      246     -
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
Dasari Veer Raju and Gunnam Ram Chandra Proposed LT Bk     CRISIL B       22.9    Reaffirmed
Rao Memorial Trust                      Loan Fac
(Issuer Not Cooperating)
Dasari Veer Raju and Gunnam Ram Chandra TL                 CRISIL B       107.6   Reaffirmed
Rao Memorial Trust
(Issuer Not Cooperating)
Dhariya Construction Pvt Ltd            CC                 CRISIL B-      40      Reaffirmed
(Issuer Not Cooperating)
Dhariya Construction Pvt Ltd            WC TL              CRISIL B-      80      Reaffirmed
(Issuer Not Cooperating)
Diana Heights                           TL                 CRISIL D       90      Reaffirmed
(Issuer Not Cooperating)
Eagle Information Systems Pvt Ltd       CC                 CRISIL B       75      Reaffirmed
(Issuer Not Cooperating)
Eagle Information Systems Pvt Ltd       LT Loan            CRISIL B       3.8     Reaffirmed
(Issuer Not Cooperating)
Eagle Information Systems Pvt Ltd       Proposed LT Bk     CRISIL B       21.2    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Ellora Construction Pvt Ltd             CC                 CRISIL D       142.7   Reaffirmed
(Issuer Not Cooperating)
Emerge Glass India Pvt Ltd              CC                 CRISIL BBB+    75      Assigned
Emerge Glass India Pvt Ltd              LT Loan            CRISIL BBB+    25      Assigned
Emmtex Synthetics Ltd                   CC                 CRISIL BB+     100     Reaffirmed
(Issuer Not Cooperating)
Emmtex Synthetics Ltd                   Proposed LT Bk     CRISIL BB+     5       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Essem Enterprise - Kolkata              BG                 CRISIL D       14.3    Reaffirmed
(Issuer Not Cooperating)
Essem Enterprise - Kolkata              CC                 CRISIL D       80      Reaffirmed
(Issuer Not Cooperating)
Essem Enterprise - Kolkata              Proposed LT Bk     CRISIL D       5.7     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Exceed Crop Science Pvt Ltd             CC                 CRISIL B+      50      Reaffirmed
Exceed Crop Science Pvt Ltd             LT Loan            CRISIL B+      20      Reaffirmed
Fair Deal Cars Pvt Ltd                  CC                 CRISIL BB+     435     Reaffirmed
(Issuer Not Cooperating)
Fascination India                       Export Packing     CRISIL B-      40      Reaffirmed
                                        Credit
(Issuer Not Cooperating)
Fascination India                       Foreign Bill       CRISIL B-      15      Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Fascination India                       Proposed LT Bk     CRISIL B-      9       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Fascination India                       TL                 CRISIL B-      10      Reaffirmed
(Issuer Not Cooperating)
Frost Falcon Distilleries Ltd           BG                 CRISIL D       5       Reaffirmed
(Issuer Not Cooperating)
Frost Falcon Distilleries Ltd           CC                 CRISIL D       50      Reaffirmed
(Issuer Not Cooperating)
Frost Falcon Distilleries Ltd           Proposed LT Bk     CRISIL D       36.1    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Frost Falcon Distilleries Ltd           TL                 CRISIL D       10.9    Reaffirmed
(Issuer Not Cooperating)
Frystal Pet Pvt. Ltd                    CC                 CRISIL B+      45      Reaffirmed
(Issuer Not Cooperating)
Frystal Pet Pvt. Ltd                    Proposed LT Bk     CRISIL B+      29.6    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Frystal Pet Pvt. Ltd                    TL                 CRISIL B+      45.4    Reaffirmed
(Issuer Not Cooperating)
G. K. E. Medical Pvt Ltd                CC                 CRISIL D       75      Reaffirmed
(Issuer Not Cooperating)
Gayatri Infrastructure Ltd              CC                 CRISIL BB-     25.1    Reaffirmed
(Issuer Not Cooperating)
Gayatri Infrastructure Ltd              Overdraft          CRISIL BB-     23.8    Reaffirmed
(Issuer Not Cooperating)
Gayatri Infrastructure Ltd              Proposed LT Bk     CRISIL BB-     201.1   Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Gayatri Infrastructure Ltd              TL                 CRISIL BB-     50      Reaffirmed
(Issuer Not Cooperating)
Geeta Refinery Pvt Ltd                  CC                 CRISIL B       200     Reaffirmed
(Issuer Not Cooperating)
Generic Engineering and Construction    CC                 CRISIL B       70      Reaffirmed
Pvt Ltd
(Issuer Not Cooperating)
Generic Engineering and Construction    Proposed LT Bk     CRISIL B       10      Reaffirmed
Pvt Ltd                                 Loan Fac
(Issuer Not Cooperating)
Global Infonet Distribution Pvt Ltd     CC                 CRISIL B       750     Reaffirmed
(Issuer Not Cooperating)
Global Infonet Distribution Pvt Ltd     Proposed FB Bk     CRISIL B       600     Reaffirmed
                                        Limits
(Issuer Not Cooperating)
Godawari Cotton Industries              CC                 CRISIL B+      40      Reaffirmed
(Issuer Not Cooperating)
Goyal Agro Industries - Raipur          TL                 CRISIL B+      14      Assigned
Goyal Agro Industries - Raipur          Proposed LT Bk     CRISIL B+      1.6     Assigned
                                        Loan Fac
Goyal Agro Industries - Raipur          CC                 CRISIL B+      30      Assigned
GR Gundugolanu Devarapalli Highway Pvt  Rupee TL*          CRISIL A-      7880    Assigned
Ltd
* OD Facility Sublimit of Rs 35.65cr, Bank Guarantee Sublimit of Rs 201cr
Green Fingers India Pvt Ltd             Foreign Bill       CRISIL B       10      Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Green Fingers India Pvt Ltd             TL                 CRISIL B       13      Reaffirmed
(Issuer Not Cooperating)
Gudi Exports Pvt Ltd                    Proposed LT Bk     CRISIL B-      47      Reaffirmed
                                        Loan Fac
Gujarat State Petroleum Corporation Ltd Subordinated NCDs  CRISIL BBB     20000   -
Gujarat State Petroleum Corporation Ltd TL*                CRISIL BBB+    1189.5  Reaffirmed
*converted at Rs 65/USD
Gujarat State Petroleum Corporation Ltd NCD                CRISIL BBB+    40000   -
Gujarat State Petroleum Corporation Ltd Compulsory         CRISIL BBB+r   5500    -
                                        Convertible
                                        Debentures 
Guru Gobind Foods And Agro Pvt Ltd      CC                 CRISIL B-      50      Reaffirmed
(Issuer Not Cooperating)
Guru Gobind Foods And Agro Pvt Ltd      LT Loan            CRISIL B-      80      Reaffirmed
(Issuer Not Cooperating)
Guru Kirpa Foods Pvt Ltd                CC                 CRISIL D       140     Reaffirmed
(Issuer Not Cooperating)
Guru Kirpa Foods Pvt Ltd                Proposed TL        CRISIL D       16.7    Reaffirmed
(Issuer Not Cooperating)
Guru Kirpa Foods Pvt Ltd                TL                 CRISIL D       3.3     Reaffirmed
(Issuer Not Cooperating)
Gyan Shakti Education Welfare Trust     TL                 CRISIL D       100     Reaffirmed
(Issuer Not Cooperating)
Hindustan Zinc Ltd                      Bill Discounting   CRISIL AAA     1500    Reaffirmed
Hindustan Zinc Ltd                      FB Fac             CRISIL AAA     4500    Reaffirmed
Hindustan Zinc Ltd                      Overdraft          CRISIL AAA     6500    Reaffirmed
I M Healthcare Pvt Ltd                  CC                 CRISIL BB-     25      -
Upgraded from CRISIL B-
I M Healthcare Pvt Ltd                  Proposed LT Bk     CRISIL BB-     15      -
                                        Loan Fac
Upgraded from CRISIL B-
I M Healthcare Pvt Ltd                  TL                 CRISIL BB-     50      -
Upgraded from CRISIL B-
Jaipan Industries Ltd                   CC                 CRISIL BB      40      -
Jindal Pipes Ltd                        FB Fac^            CRISIL A+      522.5   Reaffirmed
^Interchangeable with Cash Credit (CC) and Working Capital Demand Loan (WCDL)

Jindal Pipes Ltd                        Proposed LT Bk     CRISIL A+      384.5   Reaffirmed
                                        Loan Fac
Joyalukkas India Pvt Ltd                CC^                CRISIL A       3000    Reaffirmed
^Interchangeable with Short Term Loan facility upto Rs 300 crores & 
Standby Letter of Credit upto Rs 125 crores
Joyalukkas India Pvt Ltd                CC%                CRISIL A       1250    Reaffirmed
%Interchangeable with Working Capital Demand Loan facility upto Rs 125 crores, 
Standby Letter of Credit upto Rs 125 crores & Gold Metal Loan facility upto Rs 25 crores 
Joyalukkas India Pvt Ltd                CC$                CRISIL A       750     Assigned
$ Interchangeable with Short Term Loan facility upto Rs 75 crores & 
Gold Metal Loan upto Rs 75 crores
Joyalukkas India Pvt Ltd                CC#                CRISIL A       750     Assigned
# Interchangeable with Short Term Loan facility upto Rs 75 crores & 
Standby Letter of Credit upto Rs 75 crores
Joyalukkas India Pvt Ltd                CC**               CRISIL A       4080    Assigned
** Fully Interchangeable with Short Term Loan facility
Joyalukkas India Pvt Ltd                CC##               CRISIL A       1250    Assigned
## Interchangeable with Working Capital Demand Loan facility upto Rs 125 crores, 
Standby Letter of Credit upto Rs 125 crores & Gold Metal Loan facility upto Rs 110 crores 
Joyalukkas India Pvt Ltd                CC&                CRISIL A       450     Assigned
& Interchangeable with Short Term Loan facility upto Rs 45 crores & 
Standby Letter of Credit upto Rs 35 crores
Joyalukkas India Pvt Ltd                Proposed LT Bk     CRISIL A       620     Assigned
                                        Loan Fac
Joyalukkas India Pvt Ltd                WC Demand Loan*    CRISIL A       650     Assigned
*Interchangeable with Cash Credit facility upto Rs 65 crores & Gold Metal Loan upto Rs 50 crores
Joyalukkas India Pvt Ltd                WC Demand Loan     CRISIL A       750     Assigned
Joyalukkas Lifestyle Developers Pvt Ltd CC                 -              500     Withdrawn
JSL Industries Ltd                      CC                 CRISIL BB+     50      Reaffirmed
JSL Industries Ltd                      Proposed LT Bk     CRISIL BB+     29.1    Reaffirmed
                                        Loan Fac
JSL Industries Ltd                      TL                 CRISIL BB+     10.3    Reaffirmed
K.P. Chacko Gold Centre & Kids Jewel    CC                 CRISIL BB      100     Upgraded from
                                                                                  CRISIL BB-
Kangaro Industries Ltd                  CC                 CRISIL A+      210     Reaffirmed
Kangaro Industries Ltd                  Proposed LT Bk     CRISIL A+      275     Reaffirmed
                                        Loan Fac
Kanin India                             CC                 CRISIL A+      30      Reaffirmed
Kanin India                             Proposed LT Bk     CRISIL A+      35      Reaffirmed
                                        Loan Fac
Kothari Fermentation And Biochem Ltd    CC                 CRISIL BBB-    50      -
Migrated from CRISIL BB+/Positive (Issuer Not Cooperating)*
Kothari Fermentation And Biochem Ltd    Loan Against       CRISIL BBB-    50      -
                                        Property
Migrated from CRISIL BB+/Positive (Issuer Not Cooperating)
Kothari Fermentation And Biochem Ltd    Proposed LT Bk     CRISIL BBB-    60      Assigned
                                        Loan Fac
Migrated from CRISIL BB+/Positive (Issuer Not Cooperating)
Kothari Fermentation And Biochem Ltd    LT Loan            CRISIL BBB-    160     Assigned
Migrated from CRISIL BB+/Positive (Issuer Not Cooperating)
Krishi Constructions Pvt Ltd            Secured Overdraft  CRISIL BB+     30      Assigned
                                        Fac
KUN Auto Company Pvt Ltd                CC                 CRISIL BBB-    105     Reaffirmed
KUN Auto Company Pvt Ltd                Inventory Funding  CRISIL BBB-    815     Reaffirmed
                                        Fac
Kutti Spinners Pvt Ltd                  CC                 CRISIL BB      70      -
Upgraded from CRISIL BB-
Kutti Spinners Pvt Ltd                  Key CC             CRISIL BB      70      -
Upgraded from CRISIL BB-
Kutti Spinners Pvt Ltd                  LT Loan            CRISIL BB      50      -
Upgraded from CRISIL BB-
Kutti Spinners Pvt Ltd                  Proposed LT Bk     CRISIL BB      87      -
                                        Loan Fac
Upgraded from CRISIL BB-
L M J Services Ltd                      CC                 CRISIL BB      150     Reaffirmed
(Issuer Not Cooperating)
Lemon Electronics Ltd                   CC                 CRISIL D       100     Reaffirmed
(Issuer Not Cooperating)
Lemon Electronics Ltd                   LOC                CRISIL D       350     Reaffirmed
(Issuer Not Cooperating)
Lemon Electronics Ltd                   Proposed LT Bk     CRISIL D       550     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
M.M.Garments                            CC                 CRISIL B-      55      M.M.Garments
M.M.Garments                            Proposed LT Bk     CRISIL B-      45      M.M.Garments
                                        Loan Fac
M/S. R.Z. Malpani                       CC                 CRISIL B       25      Reaffirmed
(Issuer Not Cooperating)
M/S. R.Z. Malpani                       Proposed LT Bk     CRISIL B       37.5    Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
M/S. R.Z. Malpani                       Rupee TL           CRISIL B       25      Reaffirmed
(Issuer Not Cooperating)
Malabar Associates                      CC                 CRISIL B+      80      -
Mandovi Minerals Pvt Ltd                CC                 CRISIL B       20      Reaffirmed
Mandovi Minerals Pvt Ltd                Proposed LT Bk     CRISIL B       26.9    Reaffirmed
                                        Loan Fac
Mandovi Minerals Pvt Ltd                TL                 CRISIL B       123.1   Reaffirmed
Mangalore Minerals Pvt Ltd              Bill Discounting   CRISIL B       1.5     Upgraded from
                                                                                  CRISIL D
Upgraded from CRISIL D
Mangalore Minerals Pvt Ltd              CC                 CRISIL B       110     Upgraded from
                                                                                  CRISIL D
Upgraded from CRISIL D
Mangalore Minerals Pvt Ltd              TL                 CRISIL B       275.5   Upgraded from
                                                                                  CRISIL D
Upgraded from CRISIL D
Mas Enterprises Ltd                     CC                 CRISIL B-      196     Reaffirmed
(Issuer Not Cooperating)
MDC Pharmaceuticals Pvt Ltd             CC                 CRISIL BB+     80      -
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
MDC Pharmaceuticals Pvt Ltd             TL                 CRISIL BB+     25      -
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
MTV Exports                             CC                 CRISIL B       25      Assigned
MTV Exports                             Export Packing     CRISIL B       20      Assigned
                                        Credit
MTV Exports                             Foreign LOC        CRISIL B       10      Assigned
MTV Exports                             TL                 CRISIL B       1.7     Assigned
MTV Exports                             Proposed LT Bk     CRISIL B       3.3     Assigned
                                        Loan Fac
Neil Computech Pvt Ltd                  TL                 CRISIL BBB-    150     Reaffirmed
Migrated from CRISIL BBB-/Stable (Issuer Not Cooperating)
North East Agro Product                 CC                 CRISIL B+      25      Reaffirmed
North East Agro Product                 Rupee TL           CRISIL B+      55      Assigned
North East Agro Product                 Proposed CC Limit  CRISIL B+      10      Assigned
P.T. Sreenivasan                        CC/ Overdraft Fac  CRISIL B       10      Upgraded from
                                                                                  CRISIL B-
P.T. Sreenivasan                        Proposed LT Bk     CRISIL B       27      Upgraded from
                                        Loan Fac                                  CRISIL B-
Padmaja Specialities                    Overdraft          CRISIL B+      30      Assigned
Paroha Developers Pvt Ltd               Proposed LT Bk     CRISIL B+      250     -
                                        Loan Fac
Patel Agri Export                       CC                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL BB-
Patel Agri Export                       TL                 CRISIL BB      8       Upgraded from
                                                                                  CRISIL BB-
Plaza Tex (India) Pvt Ltd               CC                 CRISIL BB      80      Reaffirmed
(Issuer Not Cooperating)
PNP Polymers Pvt Ltd                    LOC$               CRISIL BBB     500     Reaffirmed
$CC of Rs 10 crores as sublimit
PNP Polymers Pvt Ltd                    LOC*               CRISIL BBB     100     Reaffirmed
*CC of Rs 2.5 crores as sublimit
PNP Polymers Pvt Ltd                    LOC#               CRISIL BBB     250     Reaffirmed
#CC of Rs 4.75 crores as sublimit
PNP Polymers Pvt Ltd                    TL                 CRISIL BBB     750     Reaffirmed
PNP Polytex Pvt Ltd                     LOC#               CRISIL BBB     200     Reaffirmed
#CC of Rs 5 crores as sublimit
PNP Polytex Pvt Ltd                     LOC*               CRISIL BBB     150     Reaffirmed
*CC of Rs 15 crores as sublimit
PNP Polytex Pvt Ltd                     LOC$               CRISIL BBB     200     Reaffirmed
$CC of Rs 7 crores as sublmit
Praveen Aroma Pvt Ltd                   CC                 CRISIL BB-     172.5   Reaffirmed
Praveen Aroma Pvt Ltd                   Proposed LT Bk     CRISIL BB-     7.5     Reaffirmed
                                        Loan Fac
Premier Civil Contracts Pvt Ltd         CC                 CRISIL BB      60      Assigned
Progressive Fertichem Pvt Ltd           CC                 CRISIL BB+     30      Reaffirmed
(Issuer Not Cooperating)
Progressive Fertichem Pvt Ltd           Proposed LT Bk     CRISIL BB+     12      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
PSP Farms Pvt Ltd                       CC                 CRISIL B-      75      Reaffirmed
(Issuer Not Cooperating)
Punj Motors Pvt Ltd                     CC                 CRISIL B+      33      Reaffirmed
(Issuer Not Cooperating)
Punj Motors Pvt Ltd                     Channel Financing  CRISIL B+      67      Reaffirmed
(Issuer Not Cooperating)
Qualitronics (Madras) Pvt Ltd           Open CC            CRISIL B-      45      Reaffirmed
(Issuer Not Cooperating)
Qualitronics (Madras) Pvt Ltd           WC TL              CRISIL B-      15      Reaffirmed
(Issuer Not Cooperating)
Qureshi International Pvt Ltd           CC                 CRISIL B       70      Reaffirmed
(Issuer Not Cooperating)
R B Patil Infrastructure Pvt Ltd        CC                 CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
R B Patil Infrastructure Pvt Ltd        Proposed Rupee TL  CRISIL B       20      Reaffirmed
(Issuer Not Cooperating)
R N Knitfab Pvt Ltd                     CC                 CRISIL BB+     100     Reaffirmed
(Issuer Not Cooperating)
R N Knitfab Pvt Ltd                     Proposed CC Limit  CRISIL BB+     5       Reaffirmed
(Issuer Not Cooperating)
R. D. Sales                             CC                 CRISIL B       40      Reaffirmed
(Issuer Not Cooperating)
R. D. Sales                             Electronic Dealer  CRISIL B       40      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
R. D. Sales                             Proposed LT Bk     CRISIL B       40      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
R. N. Dobariya                          Overdraft          CRISIL BBB+    40      Reaffirmed
R.S.Ispat Ltd                           CC                 CRISIL B       150     Reaffirmed
(Issuer Not Cooperating)
R.S.Ispat Ltd                           Proposed LT Bk     CRISIL B       305     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Radha Krishna Firayalal & Co            CC                 CRISIL B       58.5    Reaffirmed
(Issuer Not Cooperating)
Radha Krishna Firayalal & Co            TL                 CRISIL B       6.5     Reaffirmed
(Issuer Not Cooperating)
Rajaram and Brothers                    CC                 CRISIL B+      80      Reaffirmed
Rajasthan Transmat Pvt Ltd              CC                 CRISIL B       30      Reaffirmed
(Issuer Not Cooperating)
Rajasthan Transmat Pvt Ltd              TL                 CRISIL B       6       Reaffirmed
(Issuer Not Cooperating)
Rajbir Construction Pvt Ltd             CC                 CRISIL BB+     35      Reaffirmed
(Issuer Not Cooperating)
Ramnandi Estate Pvt Ltd                 CC                 CRISIL D       50.4    Reaffirmed
(Issuer Not Cooperating)
Ramnandi Estate Pvt Ltd                 TL                 CRISIL D       49.3    Reaffirmed
(Issuer Not Cooperating)
Rangoli Industries Pvt Ltd              CC                 CRISIL B-      120     Reaffirmed
(Issuer Not Cooperating)
Rangoli Industries Pvt Ltd              Proposed LT Bk     CRISIL B-      8.8     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Ravi Dyeware Company Pvt Ltd            Foreign Bill       CRISIL BB+     500     Reaffirmed
                                        Purchase
(Issuer Not Cooperating)
Reia Fashions                           Bill Discounting   CRISIL BB+     40      Reaffirmed
Reia Fashions                           Packing Credit     CRISIL BB+     55      Reaffirmed
Reliance Metal Industries               CC/ Overdraft Fac  CRISIL B       5       Reaffirmed
(Issuer Not Cooperating)
Ritisha Oils Pvt Ltd                    CC                 CRISIL B+      100     Reaffirmed
(Issuer Not Cooperating)
Ritisha Oils Pvt Ltd                    Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
RKD Construction Pvt Ltd                CC                 CRISIL BB-     975     Reaffirmed
(Issuer Not Cooperating)
Roshan Fruits India Pvt Ltd             CC                 CRISIL B+      15      Reaffirmed
(Issuer Not Cooperating)
Roshan Fruits India Pvt Ltd             TL                 CRISIL B+      40      Reaffirmed
(Issuer Not Cooperating)
S.B. Industries                         BG                 CRISIL D       15      Reaffirmed
(Issuer Not Cooperating)
S.B. Industries                         CC                 CRISIL D       55      Reaffirmed
(Issuer Not Cooperating)
S.P.K. and Co.                          Overdraft          CRISIL BBB+    600     Reaffirmed
S.P.K. and Co.                          Proposed Overdraft CRISIL BBB+    200     Reaffirmed
                                        Fac
Sabitri Rice Mills Pvt Ltd              CC                 CRISIL C       90      Reaffirmed
(Issuer Not Cooperating)
Sabitri Rice Mills Pvt Ltd              Proposed LT Bk     CRISIL C       7       Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Saideep Cars Pvt Ltd                    CC                 CRISIL C       25      Reaffirmed
(Issuer Not Cooperating)
Saideep Cars Pvt Ltd                    Inventory Funding  CRISIL C       30      Reaffirmed
                                        Fac
(Issuer Not Cooperating)
Saideep Cars Pvt Ltd                    Rupee TL           CRISIL C       15      Reaffirmed
(Issuer Not Cooperating)
Sangdeep Acid-Chem Pvt Ltd              CC                 CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating)
Sangdeep Acid-Chem Pvt Ltd              LT Loan            CRISIL B+      25      Reaffirmed
(Issuer Not Cooperating)
Sarjan Watertech India Pvt Ltd          Buyer`s Credit     CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Sarjan Watertech India Pvt Ltd          CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating)
Sarjan Watertech India Pvt Ltd          TL                 CRISIL B       7       Reaffirmed
(Issuer Not Cooperating)
Sarvodaya Education Society             LT Loan            CRISIL B       250     Reaffirmed
(Issuer Not Cooperating)
SBW Udyog Ltd                           CC                 CRISIL BB+     210     Reaffirmed
(Issuer Not Cooperating)
SBW Udyog Ltd                           Proposed LT Bk     CRISIL BB+     40      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            BG                 CRISIL D       10      Reaffirmed
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            CC                 CRISIL D       244.3   Reaffirmed
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            Funded Interest TL CRISIL D       68      Reaffirmed
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            LOC                CRISIL D       30      Reaffirmed
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            Proposed LT Bk     CRISIL D       56      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            TL                 CRISIL D       237.6   Reaffirmed
(Issuer Not Cooperating)
Scania Steels and Powers Ltd            WC TL              CRISIL D       124.1   Reaffirmed
(Issuer Not Cooperating)
Shiv Shanker Rice Mills                 CC                 CRISIL BB-     90      -
Upgraded from CRISIL B+
Shiv Shanker Rice Mills                 Warehouse FinancingCRISIL BB-     84.5    -
Upgraded from CRISIL B+
Shiva Trading Company                   CC                 CRISIL B+      35      Reaffirmed
Shiva Trading Company                   Proposed LT Bk     CRISIL B+      25      Reaffirmed
                                        Loan Fac
Shree Baba Naga Food Stuff Ltd          CC                 CRISIL B       1250    Reaffirmed
(Issuer Not Cooperating)
Shree Badri Kedar Udyog Pvt Ltd         CC                 CRISIL B+      150     Reaffirmed
(Issuer Not Cooperating)
Shree Ganpatlal Onkarlal Agarwal and Co.CC                 CRISIL B-      180     Reaffirmed
(Issuer Not Cooperating)
Shree Ganpatlal Onkarlal Agarwal and Co.Proposed LT Bk     CRISIL B-      20      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Shree Ram Rayon                         CC                 CRISIL D       42.5    -
Downgraded from CRISIL B-
Shree Ram Rayon                         Proposed LT Bk     CRISIL D       15.6    -
                                        Loan Fac
Downgraded from CRISIL B-
Shree Ram Rayon                         TL                 CRISIL D       40.9    -
Downgraded from CRISIL B-
Shreeram Food Products                  CC                 CRISIL BB      190     Reaffirmed
Shreeram Food Products                  Pledge Loan        CRISIL BB      50      Reaffirmed
Shreeram Food Products                  Proposed LT Bk     CRISIL BB      10      Reaffirmed
                                        Loan Fac
Shyam Metalics and Energy Ltd           CC                 CRISIL A       2500    -
Shyam Metalics and Energy Ltd           Non-FBL            CRISIL A       300     -
Shyam Metalics and Energy Ltd           Proposed LT Bk     CRISIL A       111     -
                                        Loan Fac
Shyam Metalics and Energy Ltd           TL                 CRISIL A       1267.5  -
Shyam Metalics and Energy Ltd           TL*                CRISIL A       99      -
*INR equivalent of USD 2.22 million 
Shyam Metalics and Energy Ltd           TL#                CRISIL A       112.5   -
#INR equivalent of USD 2.500 million 
Shyam Sel and Power Ltd                 CC                 CRISIL A       2500    -
Upgraded from CRISIL A-/Positive
Shyam Sel and Power Ltd                 Proposed WC Fac    CRISIL A       2764.5  -
Upgraded from CRISIL A-/Positive
Shyam Sel and Power Ltd                 TL                 CRISIL A       152.3   -
Upgraded from CRISIL A-/Positive
Shyam Sel and Power Ltd                 TL#                CRISIL A       411.6   Reaffirmed
Upgraded from CRISIL A- , #INR equivalent of USD 8.40 million

Shyam Sel and Power Ltd                 TL*                CRISIL A       321.6   Reaffirmed
Upgraded from CRISIL A- ,*INR equivalent of USD 6.5625 million

Solamalai Automobiles Pvt Ltd           Inventory Funding  CRISIL B       77.5    Reaffirmed
                                        Fac
(Issuer Not Cooperating)
Solamalai Automobiles Pvt Ltd           Proposed LT Bk     CRISIL B       14      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Solamalai Automobiles Pvt Ltd           WC TL              CRISIL B       108.5   Reaffirmed
(Issuer Not Cooperating)
Sri Bhagyalakshmi Commercial CorporationCC                 CRISIL BB-     110     Reaffirmed
(Issuer Not Cooperating)
Sri Lakosha Polymer Pvt Ltd             CC                 CRISIL B+      15      -
Upgraded from CRISIL B
Sri Lakosha Polymer Pvt Ltd             Proposed LT Bk     CRISIL B+      43      -
                                        Loan Fac
Upgraded from CRISIL B
Sri Lakosha Polymer Pvt Ltd             TL                 CRISIL B+      20      -
Upgraded from CRISIL B
Sri Lakosha Polymer Pvt Ltd             WC Demand Loan     CRISIL B+      7       -
Upgraded from CRISIL B
Sterimed INC                            CC                 CRISIL B       35      Reaffirmed
(Issuer Not Cooperating)
Sterimed INC                            Cash TL            CRISIL B       15      Reaffirmed
(Issuer Not Cooperating)
Sterimed INC                            Proposed WC Fac    CRISIL B       10      Reaffirmed
(Issuer Not Cooperating)
Stone Concern Infrastructure            CC                 CRISIL B+      100     Reaffirmed
Development Pvt Ltd
(Issuer Not Cooperating)
Stone Concern Infrastructure            Proposed LT Bk     CRISIL B+      5       Reaffirmed
Development Pvt Ltd                     Loan Fac
(Issuer Not Cooperating)
Sujan Industries                        CC                 CRISIL BBB-    90      Reaffirmed
Sujan Industries                        Proposed LT Bk     CRISIL BBB-    20      Reaffirmed
                                        Loan Fac
Suma Shilp Ltd                          Overdraft          CRISIL BB-     300     Reaffirmed
Suma Shilp Ltd                          TL                 CRISIL BB-     830     Reaffirmed
Sunshine Steel Industries - Jodhpur     CC                 CRISIL BB-     140     Assigned
Surat Goods Transport Pvt Ltd           CC                 CRISIL BB+     650     Reaffirmed
(Issuer Not Cooperating)
Swapnil Agro Pvt Ltd                    CC                 CRISIL B       60      Reaffirmed
Swapnil Agro Pvt Ltd                    TL                 CRISIL B       1       Reaffirmed
Swaraj Fashions                         Bill Discounting   CRISIL BB+     55      Reaffirmed
Swaraj Fashions                         Packing Credit     CRISIL BB+     55      Reaffirmed
Swastik Coal Corporation Pvt Ltd        Bill Discounting   CRISIL D       98.5    Reaffirmed
(Issuer Not Cooperating)
Swastik Coal Corporation Pvt Ltd        CC                 CRISIL D       150     Reaffirmed
(Issuer Not Cooperating)
Swastik Coal Corporation Pvt Ltd        LOC                CRISIL D       2520    Reaffirmed
(Issuer Not Cooperating)
Swastik Coal Corporation Pvt Ltd        Overdraft          CRISIL D       181.5   Reaffirmed
(Issuer Not Cooperating)
Tata Ceramics Ltd                       BG                 -              5       Withdrawn
Tata Ceramics Ltd                       LOC                -              10      Withdrawn
Tata Ceramics Ltd                       Non-FBL            -              113     Withdrawn
Tata Ceramics Ltd                       Rupee TL           CRISIL BBB-    50      Assigned
Tata Motors Finance Solutions Ltd       NCD                CRISIL AA      10000   Reaffirmed
(Reduced from Rs.1500 Crore)
Tata Motors Finance Solutions Ltd       Subordinated Debt  CRISIL AA      2000    Reaffirmed
Tirupati Balaji Extrusion Pvt Ltd       CC                 CRISIL B       70      Reaffirmed
Tirupati Balaji Extrusion Pvt Ltd       Proposed LT Bk     CRISIL B       33.6    Reaffirmed
                                        Loan Fac
Tirupati Balaji Extrusion Pvt Ltd       TL                 CRISIL B       60.4    Reaffirmed
Vessella Meadows                        LT Loan            CRISIL BB      200     Assigned
Vezhaparambil Builders and Developers   LT Loan            CRISIL B       50      Assigned
Pvt Ltd
Vezhaparambil Builders and Developers   Proposed LT Bk     CRISIL B       50      Assigned
Pvt Ltd                                 Loan Fac
Vijay AgroTech                          CC                 CRISIL BB      60      Assigned
Vijay AgroTech                          Proposed LT Bk     CRISIL BB      20      Assigned
                                        Loan Fac
Waman Hari Pethe Jewellers              CC                 CRISIL BBB-    1719.8  Reaffirmed
Waman Hari Pethe Jewellers              Overdraft          CRISIL BBB-    50      Reaffirmed
Waman Hari Pethe Jewellers              Standby LOC        CRISIL BBB-    186.1   Reaffirmed
Waman Hari Pethe Jewellers              TL                 CRISIL BBB-    14.1    Reaffirmed
Waman Hari Pethe Jewellers              WC Demand Loan     CRISIL BBB-    30      Reaffirmed
Z. A. Sea Foods Pvt Ltd                 Proposed LT Bk     CRISIL BBB-    51      -
                                        Loan Fac
Zibon Ceramic Pvt Ltd                   TL                 CRISIL BB-     19      Assigned
Zibon Ceramic Pvt Ltd                   CC                 CRISIL BB-     45      Assigned
--------------------------------------------------------------------------------------------
$: 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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