October 31, 2018 / 5:40 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Oct 31

    Oct 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of October 30, 2018.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Baazar Retail Ltd                       BG                 CRISIL A2+     5       Reaffirmed
Baba Batuknath Rice Mill                BG                 CRISIL A4      10      Assigned
Bhimji Velji Sorathia Construction Pvt  BG                 CRISIL A3+     520     Reaffirmed
Ltd
Carson Overseas                         Packing Credit     CRISIL A4+     37.5    Reaffirmed
Chavan Motors Division India Pvt Ltd    BG                 CRISIL A4+     20      Reaffirmed
City Union Bank Ltd                     CDs Programme      CRISIL A1+     2500    Reaffirmed
Dhairya International                   BG                 CRISIL A4+     40
Upgraded from 'CRISIL A4'
Eastman Exports Pvt Ltd                 Export Packing     CRISIL A4+     70      Reaffirmed
                                        Credit
Eastman Exports Pvt Ltd                 Foreign Exchange   CRISIL A4+     7.1     Reaffirmed
                                        Forward
Eastman Exports Pvt Ltd                 LOC                CRISIL A4+     15      Reaffirmed
Emco Exports                            LOC                CRISIL A4+     20      Reaffirmed
Emco Exports                            Packing Credit     CRISIL A4+     60      Reaffirmed
Enrich Exports                          Bill Discounting   CRISIL A4+     20      Reaffirmed
Evergreen Publications (India) Ltd      BG                 CRISIL A3      30      Reaffirmed
Evergreen Publications (India) Ltd      Overdraft          CRISIL A3      292.5   Reaffirmed
Fairdeal Consumer Durables Pvt Ltd      BG                 CRISIL A4      10      Reaffirmed
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Fashion Matrix Overseas                 Packing Credit     CRISIL A4+     55
Migrated from 'CRISIL A3 Issuer Not Cooperating'
Grand Polycoats Company Pvt Ltd         BG                 CRISIL A3+     2.5     Reaffirmed
Grand Polycoats Company Pvt Ltd         LOC                CRISIL A3+     15      Reaffirmed
IIFL Securities Ltd                     CP                 CRISIL A1+     10500   Reaffirmed
(Enhanced from Rs.1000 Crore)
India Infoline Finance Ltd              CP                 CRISIL A1+     80000   Reaffirmed
India Infoline Finance Ltd              CP Programme (IPO  CRISIL A1+     60000   Reaffirmed
                                        Financing)
Jadhao Layland Pvt Ltd                  Standby Line of    CRISIL A3      5.8     Assigned
                                        Credit
Assigned; Suspension Revoked
Jaypee Projects Ltd                     BG                 CRISIL A4      70      Reaffirmed
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Koso India Pvt Ltd                      BG                 CRISIL A2+     350     Reaffirmed
Koso India Pvt Ltd                      LOC                CRISIL A2+     100     Reaffirmed
Krishna Corporation                     BG                 CRISIL A3+     585
Upgraded from 'CRISIL A3'
Krishna Corporation                     Inland/Import LOC  CRISIL A3+     50
Upgraded from 'CRISIL A3'
Madhav Tex Spin Pvt Ltd                 BG                 CRISIL A4+     30      Assigned
Motherson Sumi Systems Ltd              Foreign Exchange   CRISIL A1+     50      Reaffirmed
                                        Forward$**@
$**@ Foreign exchange forward has a notional value of Rs 250 crore
Motherson Sumi Systems Ltd              LOC^***            CRISIL A1+     500     Reaffirmed
^*** Interchangeable with Bank Guarantee
Motherson Sumi Systems Ltd              LOC$*              CRISIL A1+     500     Reaffirmed
$* Interchangeable with Bank Guarantee, Forward Limit
Motherson Sumi Systems Ltd              CP Programme       CRISIL A1+     1500    Reaffirmed
NF Infratech Service Pvt Ltd            BG                 CRISIL A4+     20
Issuer Not Cooperating; Rating Withdrawn
NF Infratech Service Pvt Ltd            CC                 CRISIL A4+     35
Issuer Not Cooperating; Rating Withdrawn
Nova Publications                       BG                 CRISIL A3      50      Reaffirmed
Nova Publications and Printers Pvt Ltd  BG                 CRISIL A3      5       Reaffirmed
Ornet Intermediates Pvt Ltd             Inland/Import LOC  CRISIL A4      20      Reaffirmed
Migrated from 'CRISIL A4 Issuer Not Cooperating'
Prasanthi Cashew Company Pvt Ltd        Proposed ST Bk     CRISIL A4      40      Reaffirmed
                                        Loan Fac
Rams Assorted Cold Storage Ltd          Export Packing     CRISIL A4+     410     Reaffirmed
                                        Credit
Issuer Not Cooperating; Rating Migrated
Rams Assorted Cold Storage Ltd          Foreign Bill       CRISIL A4+     500     Reaffirmed
                                        Negotiation
Issuer Not Cooperating; Rating Migrated
Ratna Sagar Pvt Ltd                     Purchase Bill      CRISIL A2+     150     Assigned
                                        Discounting##
## Includes sublimit of letter of Credit Rs 7.5 crore, Cash Credit limit Rs 15.0 crore, WCDL Rs
15.0 crore, Buyers Credit Rs 7.5 crore & Overdraft Rs 10.0 crore 
Reliance Jio Infocomm Ltd               CP                 CRISIL A1+     300000  Reaffirmed
(Enhanced from Rs.25000 Crore)
Samrat Laminates Pvt Ltd                LOC                CRISIL A4+     20      Assigned
Assigned; Suspension Revoked
Samvardhana Motherson International Ltd BG                 CRISIL A1+     330     Withdrawn
Samvardhana Motherson International Ltd CP                 CRISIL A1+     2500    Reaffirmed
Shanti Structure Pvt Ltd                BG                 CRISIL A4+     175     Reaffirmed
Snam Alloys Pvt Ltd                     LOC                CRISIL A2+     100     Reaffirmed
Sri Balamurugan Engineering Works Pvt   BG                 CRISIL A4      20      Reaffirmed
Ltd
Sri Balamurugan Engineering Works Pvt   Standby Overdraft  CRISIL A4      20      Reaffirmed
Ltd                                     Fac
Tanishka International                  Foreign            CRISIL A4      30      Reaffirmed
                                        Discounting Bill
                                        Purchase
Tanishka International                  Foreign Exchange   CRISIL A4      20      Reaffirmed
                                        Forward
Tanishka International                  Packing Credit     CRISIL A4      50      Reaffirmed
Tata Motors Finance Ltd                 CP                 CRISIL A1+     70000   Reaffirmed
The Fertilisers and Chemicals           BG                 CRISIL A4+     520.6   Reaffirmed
Travancore Ltd
The Fertilisers and Chemicals           LOC                CRISIL A4+     3450.6  Reaffirmed
Travancore Ltd
The Rishabh Winpro Pvt Ltd              Letter Of GuaranteeCRISIL A4      75      Reaffirmed
The Rishabh Winpro Pvt Ltd              LOC                CRISIL A4      35      Reaffirmed
The South Indian Bank Ltd               ST FD Programme    CRISIL A1+             Reaffirmed
Tractel Tirfor India Pvt Ltd            BG                 CRISIL A4      57      Reaffirmed
Uchit Expressways Pvt Ltd               BG                 CRISIL A3      600     Reaffirmed
Universal Speciality Chemicals Pvt Ltd  BG                 CRISIL A4+     0.5     Reaffirmed
Universal Speciality Chemicals Pvt Ltd  LOC                CRISIL A4+     7.5     Reaffirmed
Ved Parkash and Sons                    BG                 CRISIL A3      10      Reaffirmed
Vinaykumar & Co.                        BG                 CRISIL A4+     30
Upgraded from CRISIL A4
Waris Buildcon India Pvt Ltd            BG                 CRISIL A4      62
Issuer Not Cooperating; Rating Withdrawn
Waris Buildcon India Pvt Ltd            Overdraft          CRISIL A4      50
Issuer Not Cooperating; Rating Withdrawn
Waris Buildcon India Pvt Ltd            TL                 CRISIL A4      13
Issuer Not Cooperating; Rating Withdrawn

LONG TERM RATINGS:
-------------------
Aakash Agrotech Pvt Ltd                 CC                 CRISIL BB-     245     Reaffirmed
Aakash Agrotech Pvt Ltd                 Proposed LT Bk     CRISIL BB-     35      Reaffirmed
                                        Loan Fac
Aditya Birla Solar Ltd                  Proposed LT Bk     CRISIL A       400
                                        Loan Fac
Upgraded from 'CRISIL A-'
Aditya Birla Solar Ltd                  TL*                CRISIL A       2600
Upgraded from 'CRISIL A-' ; *Including sub-limits by way of (i) a letter of credit (import)
facility up to Rs 200 crore, (ii) a letter of credit (domestic) facility up to Rs 130 crore and
(iii) buyer's credit facility up to Rs 200 crore 
AKJA Exim Pvt Ltd                       LOC                CRISIL D       100     Withdrawn
AKJA Exim Pvt Ltd                       Packing Credit     CRISIL D       20      Withdrawn
AKJA Exim Pvt Ltd                       Proposed LT Bk     CRISIL D       5       Withdrawn
                                        Loan Fac
Anupam Cold Storage Pvt Ltd             TL                 CRISIL B+      2       Assigned
Anupam Cold Storage Pvt Ltd             CC                 CRISIL B+      3       Assigned
Anupam Cold Storage Pvt Ltd             FB Fac             CRISIL B+      46      Assigned
Aranhikkal Granite Unit                 CC                 CRISIL BB      50
Upgraded from 'CRISIL BB-'
Aranhikkal Granite Unit                 Proposed LT Bk     CRISIL BB      50
                                        Loan Fac
Upgraded from 'CRISIL BB-'
Ashoka Kharar Ludhiana Road Ltd         TL                 -              6000    Withdrawn
Avatar Solar Pvt Ltd                    TL                 CRISIL BBB     240     Reaffirmed
Baazar Retail Ltd                       CC                 CRISIL A-      250     Reaffirmed
Outlook revised from 'Stable' and rating reaffirmed
Baazar Retail Ltd                       Proposed FB Bk     CRISIL A-      148     Assigned
                                        Limits
Outlook revised from 'Stable' and rating reaffirmed
Baba Batuknath Rice Mill                Proposed LT Bk     CRISIL B       50      Assigned
                                        Loan Fac
Baba Batuknath Rice Mill                LT Bk Fac          CRISIL B       38      Assigned
Baba Batuknath Rice Mill                CC                 CRISIL B       2       Assigned
Bhilwara Rajsamand Tollway Pvt Ltd      TL                 CRISIL A-      2750    Assigned
Bhimji Velji Sorathia Construction Pvt  CC                 CRISIL BBB     51      Reaffirmed
Ltd
Bhimji Velji Sorathia Construction Pvt  Proposed LT Bk     CRISIL BBB     329     Reaffirmed
Ltd                                     Loan Fac
Carson Overseas                         CC                 CRISIL BB      17.5
Upgraded from 'CRISIL BB-'
Carson Overseas                         Proposed LT Bk     CRISIL BB      25
                                        Loan Fac
Upgraded from 'CRISIL BB-'
Chavan Motors Division India Pvt Ltd    CC                 CRISIL BB      65      Reaffirmed
Chavan Motors Division India Pvt Ltd    Rupee TL           CRISIL BB      20      Reaffirmed
Deepam Silk Retail Pvt Ltd              CC                 CRISIL BB-     90      Reaffirmed
Desai Homes                             Lease Rental       CRISIL BB-     220
                                        Discounting Loan
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Desai Homes                             Overdraft          CRISIL BB-     30
Migrated from 'CRISIL BB+ Issuer Not Cooperating'
Dhairya International                   CC                 CRISIL BB-     50
Upgraded from 'CRISIL B+'
Dhairya International                   Export Packing     CRISIL BB-     60      Assigned
                                        Credit
Upgraded from 'CRISIL B+'
Divyar Garments India Pvt Ltd           TL                 CRISIL BB-     10      Assigned
Divyar Garments India Pvt Ltd           Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
Divyar Garments India Pvt Ltd           Bill Discounting   CRISIL BB-     5       Assigned
Divyar Garments India Pvt Ltd           CC                 CRISIL BB-     40      Assigned
Durga Rice Mill                         CC                 CRISIL B+      70      Assigned
Durga Rice Mill                         LT Loan            CRISIL B+      5.1     Assigned
Durga Rice Mill                         Proposed CC Limit  CRISIL B+      24.9    Assigned
Eastman Exports Pvt Ltd                 Proposed LT Bk     CRISIL BB      7.9     Reaffirmed
                                        Loan Fac
Emco Exports                            Foreign Bill       CRISIL BB+     10
                                        Discounting
Upgraded from 'CRISIL BB'
Emco Exports                            Proposed LT Bk     CRISIL BB+     30
                                        Loan Fac
Upgraded from 'CRISIL BB'
Enrich Exports                          LT Loan            CRISIL BB-     65      Reaffirmed
Enrich Exports                          Packing Credit     CRISIL BB-     130     Reaffirmed
Essel Finance Business Loans Ltd        CC                 CRISIL BBB-    85      Reaffirmed
CRISIL BBB-
Essel Finance Business Loans Ltd        Overdraft          CRISIL BBB-    50      Reaffirmed
CRISIL BBB-
Essel Finance Business Loans Ltd        Proposed LT Bk     CRISIL BBB-    1415    Reaffirmed
                                        Loan Fac
CRISIL BBB-
Essel Finance Business Loans Ltd        TL                 CRISIL BBB-    450     Reaffirmed
CRISIL BBB-
Essel Finance Business Loans Ltd        NCD                CRISIL BBB-    200
Essel Finance Business Loans Ltd        NCD                CRISIL BBB-    50
Essel Finance Business Loans Ltd        Subordinated NCDs  CRISIL BBB-    250
Evergreen Publications (India) Ltd      CC                 CRISIL BBB-    186.3   Reaffirmed
Evergreen Publications (India) Ltd      Proposed CC Limit  CRISIL BBB-    90      Reaffirmed
Evergreen Publications (India) Ltd      TL                 CRISIL BBB-    13.1    Reaffirmed
Fairdeal Consumer Durables Pvt Ltd      CC                 CRISIL B       60
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Fairdeal Consumer Durables Pvt Ltd      Proposed WC Fac    CRISIL B       130     Assigned
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Fashion Matrix Overseas                 Overdraft          CRISIL BB+     20
Migrated from 'CRISIL BBB- Issuer Not Cooperating'
Fashion Matrix Overseas                 Proposed WC Fac    CRISIL BB+     145
Migrated from 'CRISIL BBB- Issuer Not Cooperating'
Fashion Matrix Overseas                 TL                 CRISIL BB+     170
Migrated from 'CRISIL BBB- Issuer Not Cooperating'
G V Knits Pvt Ltd                       CC                 CRISIL BB-     27      Assigned
G V Knits Pvt Ltd                       LT Loan            CRISIL BB-     36      Assigned
Ganapathi Spinning Mill                 CC                 CRISIL BB-     150     Reaffirmed
General Rubbers                         CC                 CRISIL A       200
Reaffirmed and Withdrawn
Golden Alliance Hospitalities Pvt Ltd   CC                 CRISIL B+      10
Upgraded from 'CRISIL B'
Golden Alliance Hospitalities Pvt Ltd   LT Loan            CRISIL B+      80
Upgraded from 'CRISIL B'
Grand Polycoats Company Pvt Ltd         CC                 CRISIL BBB     40      Reaffirmed
Grand Polycoats Company Pvt Ltd         Proposed LT Bk     CRISIL BBB     62.5    Reaffirmed
                                        Loan Fac
Hampi Expressways Pvt Ltd               LT Loan            CRISIL BBB-    10630   Reaffirmed
Highrange Coffee Curing Pvt Ltd         Overdraft          CRISIL BB-     52.5    Reaffirmed
HILITE Realtors (India) LLP             LT Loan            CRISIL D       500     Reaffirmed
India Infoline Finance Ltd              NCDs               CRISIL AA      40000   Assigned
India Infoline Finance Ltd              Subordinated Debt  CRISIL AA      10000   Assigned
India Infoline Finance Ltd              Subordinated Debt  CRISIL AA      10000   Reaffirmed
India Infoline Finance Ltd              LT Principal       CRISIL PP-MLD  5000    Reaffirmed
                                        Protected Market   AAr
                                        Linked Debentures
Jadhao Layland Pvt Ltd                  CC                 CRISIL BBB-    50      Assigned
Assigned; Suspension Revoked
Jadhao Layland Pvt Ltd                  Drop Line          CRISIL BBB-    44.2    Assigned
                                        Overdraft Fac
Assigned; Suspension Revoked
Jai Hanuman Cotton Ginning Mills Pvt LtdCC                 CRISIL B+      49.5    Assigned
Jai Hanuman Cotton Ginning Mills Pvt LtdLT Loan            CRISIL B+      5       Assigned
Jai Hanuman Cotton Ginning Mills Pvt LtdProposed WC Fac    CRISIL B+      15.5    Assigned
Jaypee Projects Ltd                     CC                 CRISIL B+      60      Reaffirmed
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Jaypee Projects Ltd                     Proposed LT Bk     CRISIL B+      80      Reaffirmed
                                        Loan Fac
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Kasturi Aqua Life Products Pvt Ltd      Proposed Overdraft CRISIL BB+     400     Assigned
                                        Fac
Koso India Pvt Ltd                      CC                 CRISIL A-      180     Reaffirmed
Koso India Pvt Ltd                      WC Fac             CRISIL A-      60      Reaffirmed
Krishna Corporation                     CC                 CRISIL BBB     165
Upgraded from 'CRISIL BBB-'
Krishna Corporation                     Proposed LT Bk     CRISIL BBB     5       Assigned
                                        Loan Fac
Upgraded from 'CRISIL BBB-'
Lal Chinta Rice Mills Pvt Ltd           Proposed WC Fac    CRISIL BB-     11      Assigned
Lal Chinta Rice Mills Pvt Ltd           CC                 CRISIL BB-     50      Assigned
Lal Chinta Rice Mills Pvt Ltd           LT Loan            CRISIL BB-     39      Assigned
Lanco Infratech Ltd                     CC                 CRISIL D       16003   Withdrawn
Lanco Infratech Ltd                     LOC & BG           CRISIL D       52400   Withdrawn
Lanco Infratech Ltd                     TL                 CRISIL D       21837   Withdrawn
Maco Pvt Ltd                            CC                 CRISIL BB-     60
Issuer Not Cooperating; Rating Withdrawn
Maco Pvt Ltd                            Foreign Bill       CRISIL BB-     10
                                        Discounting
Issuer Not Cooperating; Rating Withdrawn
Maco Pvt Ltd                            Inland/Import LOC  CRISIL BB-     10
Issuer Not Cooperating; Rating Withdrawn
Madhav Tex Spin Pvt Ltd                 TL                 CRISIL BB      510     Assigned
Madhav Tex Spin Pvt Ltd                 CC                 CRISIL BB      120     Assigned
Maharshi Marine Marketing               Proposed LT Bk     CRISIL B+      30      Assigned
                                        Loan Fac
Maharshi Marine Marketing               Secured Overdraft  CRISIL B+      70      Assigned
                                        Fac
Mahesh Cotspin Pvt Ltd                  CC                 CRISIL B+      110     Reaffirmed
Mahesh Cotspin Pvt Ltd                  Proposed LT Bk     CRISIL B+      55      Assigned
                                        Loan Fac
Mahesh Cotspin Pvt Ltd                  LT Loan            CRISIL B+      35      Assigned
Midas Treads India Pvt Ltd              CC                 CRISIL A       150
Reaffirmed and Withdrawn
Midas Treads India Pvt Ltd              LOC                CRISIL A       100
Reaffirmed and Withdrawn
Midas Treads India Pvt Ltd              Packing Credit     CRISIL A       200
Reaffirmed and Withdrawn
Minakshi Cotex                          CC                 CRISIL D       100
Downgraded from 'CRISIL B+'
Mithra Auto Agencies Pvt Ltd            CC                 CRISIL BB-     180     Reaffirmed
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Mithra Auto Agencies Pvt Ltd            LT Loan            CRISIL BB-     10      Reaffirmed
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Motherson Sumi Systems Ltd              CC*                CRISIL AA+     3000
Upgraded from 'CRISIL AA' ; *Interchangeable with Working Capital Demand Loan, Packing Credit in
Foreign Currency, Foreign Bill Purchase
Motherson Sumi Systems Ltd              CC**               CRISIL AA+     300
Upgraded from 'CRISIL AA' ; ** Interchangeable with Working Capital Demand Loan, Export Packing
Credit, Foreign Bill Purchase, Foreign Bill Discounting
Motherson Sumi Systems Ltd              CC***              CRISIL AA+     400
Upgraded from 'CRISIL AA' ; *** Interchangeable with Working Capital Demand Loan, Packing Credit
in Foreign Currency, Foreign Bill Discounting
Motherson Sumi Systems Ltd              CC$                CRISIL AA+     400
Upgraded from 'CRISIL AA' ; $ Interchangeable with Foreign Bill Discounting, Packing Credit in
Foreign Currency
Motherson Sumi Systems Ltd              CC&                CRISIL AA+     650
Upgraded from 'CRISIL AA' ; & Interchangeable with Working Capital Demand Loan, Usance Letter of
Credit
Motherson Sumi Systems Ltd              Overdraft^*        CRISIL AA+     450
Upgraded from 'CRISIL AA' ; ^* Interchangeable with Working Capital Demand Loan, Packing Credit
in Foreign Currency
Motherson Sumi Systems Ltd              Overdraft^***      CRISIL AA+     800
Upgraded from 'CRISIL AA' ; ^*** Interchangeable with Bank Guarantee
Motherson Sumi Systems Ltd              Proposed LT Bk     CRISIL AA+     100
                                        Loan Fac
Upgraded from 'CRISIL AA'
Niketan Solar Solutions                 Cash TL            CRISIL BB+     150
Upgraded from 'CRISIL BB-'
Niklesh Cooking Oil Refineries          CC                 CRISIL B+      116
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Niklesh Cooking Oil Refineries          TL                 CRISIL B+      24
Migrated from 'CRISIL BB- Issuer Not Cooperating'
Nova Publications                       CC                 CRISIL BBB-    405.9   Reaffirmed
Nova Publications                       Proposed CC Limit  CRISIL BBB-    56.1    Reaffirmed
Nova Publications                       TL                 CRISIL BBB-    11      Reaffirmed
Nova Publications and Printers Pvt Ltd  CC                 CRISIL BBB-    120     Reaffirmed
Nova Publications and Printers Pvt Ltd  Proposed CC Limit  CRISIL BBB-    20      Reaffirmed
Nova Publications and Printers Pvt Ltd  Proposed LT Bk     CRISIL BBB-    16.5    Reaffirmed
                                        Loan Fac
Nova Publications and Printers Pvt Ltd  Standby LOC        CRISIL BBB-    30      Reaffirmed
Nova Publications and Printers Pvt Ltd  TL                 CRISIL BBB-    108.5   Reaffirmed
Ongole Logistics Pvt Ltd                LT Loan            CRISIL B+      230     Assigned
Ongole Logistics Pvt Ltd                Proposed LT Bk     CRISIL B+      5       Assigned
                                        Loan Fac
Ornet Intermediates Pvt Ltd             WC Fac             CRISIL B+      140     Reaffirmed
Migrated from 'CRISIL B+ Issuer Not Cooperating'
Pearl Distillery Ltd                    CC                 -              700     Withdrawn
Pearl Distillery Ltd                    LT Loan            -              122.8   Withdrawn
Pearl Distillery Ltd                    Proposed LT Bk     -              377.2   Withdrawn
                                        Loan Fac
Prasanthi Cashew Company Pvt Ltd        Packing Credit     CRISIL B+      300     Reaffirmed
Prudential Rubber Pvt Ltd               CC                 -              25      Withdrawn
Prudential Rubber Pvt Ltd               LOC                -              27.5    Withdrawn
Prudential Rubber Pvt Ltd               Proposed LT Bk     -              47.5    Withdrawn
                                        Loan Fac
Rams Assorted Cold Storage Ltd          Proposed LT Bk     CRISIL BB      90      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating; Rating Migrated
Ratna Sagar Pvt Ltd                     CC**               CRISIL A-      600     Reaffirmed
** Includes sublimit of Rs 50.0 crore of working capital demand loan
Ratna Sagar Pvt Ltd                     Proposed FB Bk     CRISIL A-      15      Reaffirmed
                                        Limits
Reliance Jio Infocomm Ltd               NCD                CRISIL AAA     150000  Reaffirmed
Reliance Jio Infocomm Ltd               NCD                CRISIL AAA     30000   Reaffirmed
Reliance Jio Infocomm Ltd               NCD                CRISIL AAA     50000   Reaffirmed
Reliance Jio Infocomm Ltd               NCD                CRISIL AAA     50000   Reaffirmed
Reliance Jio Infocomm Ltd               NCD                CRISIL AAA     100000  Reaffirmed
Reliance Jio Infocomm Ltd               8.95% NCDs         CRISIL AAA(SO) 20000   Reaffirmed
S S Hyundai                             CC                 CRISIL BB      20      Assigned
S S Hyundai                             TL                 CRISIL BB      80      Assigned
Samrat Laminates Pvt Ltd                CC                 CRISIL BB-     80      Assigned
Assigned; Suspension Revoked
Samvardhana Motherson International Ltd NCD                CRISIL AA-     1000    Reaffirmed
Sethia Real Estate                      TL                 CRISIL BB-     200     Reaffirmed
Shanti Structure Pvt Ltd                CC                 CRISIL BB      80      Reaffirmed
Shanti Structure Pvt Ltd                Proposed LT Bk     CRISIL BB      5       Reaffirmed
                                        Loan Fac
Shree Vijayashree Food Processing       CC                 CRISIL B+      60      Reaffirmed
Industries
Shree Vijayashree Food Processing       Proposed LT Bk     CRISIL B+      10      Reaffirmed
Industries                              Loan Fac
Snam Alloys Pvt Ltd                     CC                 CRISIL A-      460     Reaffirmed
Snam Alloys Pvt Ltd                     Proposed LT Bk     CRISIL A-      145     Reaffirmed
                                        Loan Fac
Sri Balamurugan Engineering Works Pvt   Open CC            CRISIL B       60      Reaffirmed
Ltd
Sri Balamurugan Engineering Works Pvt   Proposed LT Bk     CRISIL B       20      Reaffirmed
Ltd                                     Loan Fac
Srimathi Sundaravalli Memorial          LT Loan            CRISIL BB      530     Assigned
Educational Trust
Assigned,Suspension Revoked
Sunco Enterprises                       Packing Credit     CRISIL D       70
Downgraded from 'CRISIL B+'
Swagattam Plastics                      CC                 CRISIL BB-     63.5    Reaffirmed
Swagattam Plastics                      LT Loan            CRISIL BB-     6.5     Reaffirmed
Tata Motors Finance Ltd                 Perpetual Bonds    CRISIL A+      4150    Reaffirmed
Tata Motors Finance Ltd                 NCD                CRISIL AA      56050   Reaffirmed
Tata Motors Finance Ltd                 Subordinated Debt  CRISIL AA      14000   Reaffirmed
Tecpro Systems Ltd                      BG#$               CRISIL D       16500   Reaffirmed
#Includes sub-limits of Rs 630 crore for letter of credit (LC), Rs.190 crore for export invoice
financing, Rs 25 crore for import invoice financing, Rs.25 crore for short-term money market
loan, Rs.25 crore for overdraft, USD12 million (INR equivalent Rs 78 crore) for financial
guarantee/standby LC, Rs.190 crore for export packing credit (EPC), and Rs 63 crore for buyer's
credit; $ Includes a limit of Rs 205 crore fully interchangeable with LC 
Tecpro Systems Ltd                      CC**               CRISIL D       9500    Reaffirmed
** Includes sub-limits of Rs 20 crore for EPC, Rs 50 crore for clearing against cheques, Rs 2
crore for foreign bill discounting, Rs 100 crore for inland bill
Tecpro Systems Ltd                      LOC & BG***        CRISIL D       16500   Reaffirmed
*** Includes sub limit of Rs 300 crore for third-party guarantees
Tecpro Systems Ltd                      CP                 CRISIL D       1500    Reaffirmed
The Fertilisers and Chemicals           CC                 CRISIL BB-     7200    Reaffirmed
Travancore Ltd
The Rishabh Winpro Pvt Ltd              CC                 CRISIL B+      30      Reaffirmed
The Rishabh Winpro Pvt Ltd              TL                 CRISIL B+      15      Assigned
Tractel Tirfor India Pvt Ltd            CC                 CRISIL B       70
Upgraded from 'CRISIL B-'
Tractel Tirfor India Pvt Ltd            Proposed FB Bk     CRISIL B       8
                                        Limits
Upgraded from 'CRISIL B-'
Uchit Expressways Pvt Ltd               LT Loan            CRISIL BBB-    10540   Reaffirmed
Universal Speciality Chemicals Pvt Ltd  CC                 CRISIL BB      50      Reaffirmed
Universal Speciality Chemicals Pvt Ltd  LT Loan            CRISIL BB      8.9     Reaffirmed
Universal Speciality Chemicals Pvt Ltd  Proposed LT Bk     CRISIL BB      33.1    Reaffirmed
                                        Loan Fac
Ved Parkash and Sons                    CC                 CRISIL BBB-    60      Reaffirmed
Ved Parkash and Sons                    Proposed CC Limit  CRISIL BBB-    10      Reaffirmed
Ved Parkash and Sons                    Standby LOC        CRISIL BBB-    20      Reaffirmed
Vinaykumar & Co.                        CC                 CRISIL BB-     50
Upgraded from CRISIL B+
Vinaykumar & Co.                        Export Packing     CRISIL BB-     70
                                        Credit
Upgraded from CRISIL B+

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