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CRISIL ratings for Indian debt instruments-Oct 5

    Oct 5  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of October 1, 2020.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Action Financial Services India Ltd    BG                CRISIL D      70     Downgraded
                                                                              from CRISIL
                                                                              A4
(Issuer Not Cooperating)
Action Financial Services India Ltd    Proposed BG       CRISIL D      30     Downgraded
                                                                              from CRISIL
                                                                              A4
(Issuer Not Cooperating)
HiMedia Laboratories Pvt Ltd           BG                CRISIL A1     20     Reaffirmed
HiMedia Laboratories Pvt Ltd           LOC**             CRISIL A1     60     Reaffirmed
**Fully interchangeable with buyers credit and bank guarantee
Jet Freight Logistics Ltd              BG                CRISIL A3     30     Reaffirmed
Krishna Fashion                        BG                CRISIL A3     30     Reaffirmed
Lohiya Edible Oils Pvt Ltd             LOC               CRISIL A2     1713.5 Assigned
(Assigned; Suspension Revoked)
Luminous Power Technologies Pvt Ltd    LOC & BG          CRISIL A1+    2600   Reaffirmed
Mittal Brothers Engineers and          BG                CRISIL A4+    300    Reaffirmed
Contractors
Mittal Filaments Pvt Ltd               BG                CRISIL A3     2.5    Reaffirmed
Shanti Enggicon Pvt Ltd                BG                CRISIL A3     530    Reaffirmed
Shiv Shakti Exports                    Bill Discounting  CRISIL A4+    100    Upgraded from
                                                                              CRISIL A4
Shiv Shakti Exports                    Packing Credit    CRISIL A4+    100    Upgraded from
                                                                              CRISIL A4
T.O. Ittoop and Associates             BG                CRISIL A4+    104.5  Reaffirmed
T.O. Ittoop and Associates             Overdraft         CRISIL A4+    35     Reaffirmed
Tamanna Internationals Pvt Ltd         BG                CRISIL A3     27.5   Reaffirmed
Torque Pharmaceuticals Pvt Ltd         LOC               CRISIL A3+    6.6    Reaffirmed
Vital Laboratories Pvt Ltd             LOC               CRISIL A2     750    Reaffirmed
VR Patil Vividh Vidyuth Nirman Pvt Ltd BG                CRISIL A3     490    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd Inland/Import LOC CRISIL A3     120    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)



LONG TERM RATINGS:
-------------------
Candor Gurgaon One Realty Projects Pvt Proposed TL       CRISIL        5000   Assigned
Ltd                                                      A-/Stable
Elite Green Pvt Ltd                    Export Packing    CRISIL        365    Reaffirmed
                                       Credit            BBB+/Stable
Elite Green Pvt Ltd                    Foreign Bill      CRISIL        50     Reaffirmed
                                       Discounting       BBB+/Stable
Elite Green Pvt Ltd                    LT Loan           CRISIL        1      Reaffirmed
                                                         BBB+/Stable
Elite Green Pvt Ltd                    Proposed WC Fac   CRISIL        19     Reaffirmed
                                                         BBB+/Stable
Ess Kay Fincorp Ltd - Sparks 09 2020   Series A1 PTCs    Provisional   494.2  Provisional
                                                         CRISIL AA (SO)       Rating
                                                                              Assigned
Green Field Hi-Tech Rice Mill          CC                CRISIL        65     Reaffirmed
                                                         BB-/Stable
Green Field Hi-Tech Rice Mill          Proposed TL       CRISIL        30     Reaffirmed
                                                         BB-/Stable
Green Field Hi-Tech Rice Mill          TL                CRISIL        5      Reaffirmed
                                                         BB-/Stable
Hari Oil & General Mills               CC                CRISIL        110    Reaffirmed
                                                         BBB-/Stable
Hari Oil & General Mills               TL                CRISIL        37.5   Reaffirmed
                                                         BBB-/Stable
HiMedia Laboratories Pvt Ltd           CC^               CRISIL        400    Upgraded from
                                                         A+/Stable            CRISIL
                                                                              A/Positive
^Fully interchangeable with working capital demand loan, export packing credit, export bill
discounting, letter of credit, buyer's credit and bank guarantee 
HiMedia Laboratories Pvt Ltd           CC & WC demand    CRISIL        580    Upgraded from
                                       loan*             A+/Stable            CRISIL
                                                                              A/Positive
*Interchangeable with book debt of Rs 20 crore, export packing credit of Rs 30 crore, export
bill negotiation/export bill discounting of Rs 30 crore, and packing credit/export bill
rediscounting in foreign currency of Rs 30 crore 
HiMedia Laboratories Pvt Ltd           CC & WC demand    CRISIL        80     Upgraded from
                                       loan              A+/Stable            CRISIL
                                                                              A/Positive
HiMedia Laboratories Pvt Ltd           Proposed TL       CRISIL        2      Upgraded from
                                                         A+/Stable            CRISIL
                                                                              A/Positive
HiMedia Laboratories Pvt Ltd           TL                CRISIL        1583   Upgraded from
                                                         A+/Stable            CRISIL
                                                                              A/Positive
Jet Freight Logistics Ltd              CC                CRISIL        294.2  Reaffirmed
                                                         BBB-/Stable
Jet Freight Logistics Ltd              Proposed WC Fac   CRISIL        1.3    Reaffirmed
                                                         BBB-/Stable
Jet Freight Logistics Ltd              TL                CRISIL        54.5   Reaffirmed
                                                         BBB-/Stable
K. Senthil Kumar HUF                   CC                CRISIL        50     Migrated from
                                                         B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
K. Senthil Kumar HUF                   TL                CRISIL        40     Migrated from
                                                         B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Krishna Fashion                        CC                CRISIL        255    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Krishna Fashion                        Proposed LT Bk    CRISIL        120    Reaffirmed
                                       Loan Fac          BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Krishna Fashion                        TL                CRISIL        555    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Kumar Agro Tech Pvt Ltd                CC                CRISIL        90     Migrated to
                                                         BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Kumar Agro Tech Pvt Ltd                Proposed LT Bk    CRISIL        5      Migrated to
                                       Loan Fac          BB+/Stable           CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Lohiya Edible Oils Pvt Ltd             CC                CRISIL        280    Assigned
                                                         BBB+/Positive
(Assigned; Suspension Revoked)
Lohiya Edible Oils Pvt Ltd             Proposed LT Bk    CRISIL        4.5    Assigned
                                       Loan Fac          BBB+/Positive
(Assigned; Suspension Revoked)
Lohiya Edible Oils Pvt Ltd             TL                CRISIL        47     Assigned
                                                         BBB+/Positive
(Assigned; Suspension Revoked)
Luminous Power Technologies Pvt Ltd    CC                CRISIL        5500   Reaffirmed
                                                         AA+/Positive
Luminous Power Technologies Pvt Ltd    Proposed TL       CRISIL        400    Reaffirmed
                                                         AA+/Positive
Mittal Brothers Engineers and          CC                CRISIL        100    Reaffirmed
Contractors                                              BB/Stable
Mittal Filaments Pvt Ltd               CC                CRISIL        55     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Mittal Filaments Pvt Ltd               Proposed LT Bk    CRISIL        42.3   Reaffirmed
                                       Loan Fac          BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Mittal Filaments Pvt Ltd               TL                CRISIL        90.2   Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Mittal Weaves Pvt Ltd                  CC                CRISIL        77.5   Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Mittal Weaves Pvt Ltd                  Proposed LT Bk    CRISIL        12.5   Reaffirmed
                                       Loan Fac          BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Mittal Weaves Pvt Ltd                  TL                CRISIL        70     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
OSL Automotives Pvt Ltd                CC                CRISIL        50     Migrated from
                                                         B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
OSL Automotives Pvt Ltd                Inventory Funding CRISIL        427.5  Migrated from
                                       Fac               B+/Stable            CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Senthiyappa Modern Rice Mill           CC                CRISIL        65     Reaffirmed
                                                         BB-/Stable
Senthiyappa Modern Rice Mill           Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          BB-/Stable
Senthiyappa Modern Rice Mill           TL                CRISIL        5      Reaffirmed
                                                         BB-/Stable
Shalak Eatable Products Pvt Ltd        Standby Overdraft CRISIL D      15     Migrated from
                                       Fac                                    CRISIL D
(Issuer Not Cooperating)
Shalak Eatable Products Pvt Ltd        TL                CRISIL D      146.6  Migrated from
                                                                              CRISIL D
(Issuer Not Cooperating)
Shanti Enggicon Pvt Ltd                CC                CRISIL        110    Reaffirmed
                                                         BBB-/Stable
Shiv Shakti Exports                    Standby Line of   -             32     Withdrawn
                                       Credit
Shiv Shakti Exports                    LT Loan           CRISIL        48     Upgraded from
                                                         BB-/Stable           CRISIL
                                                                              B+/Stable
Tamanna Internationals Pvt Ltd         CC                CRISIL        162.5  Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Tamanna Internationals Pvt Ltd         Proposed LT Bk    CRISIL        31.5   Reaffirmed
                                       Loan Fac          BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Tamanna Internationals Pvt Ltd         TL                CRISIL        290    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from Stable and rating reaffirmed)
Torque Pharmaceuticals Pvt Ltd         CC                CRISIL        490    Reaffirmed
                                                         BBB/Positive
Torque Pharmaceuticals Pvt Ltd         Loan Against      CRISIL        177    Reaffirmed
                                       Property          BBB/Positive
Torque Pharmaceuticals Pvt Ltd         Proposed LT Bk    CRISIL        46.4   Reaffirmed
                                       Loan Fac          BBB/Positive
Vital Laboratories Pvt Ltd             CC                CRISIL        1250   Reaffirmed
                                                         BBB+/Stable
Vital Laboratories Pvt Ltd             Proposed WC Fac   CRISIL        20     Reaffirmed
                                                         BBB+/Stable
Vital Laboratories Pvt Ltd             TL                CRISIL        480    Reaffirmed
                                                         BBB+/Stable
Viva Composite Panel Pvt Ltd           CC                CRISIL        460    Downgraded
                                                         BBB-/Stable          from CRISIL
                                                                              BBB/Stable
Viva Composite Panel Pvt Ltd           LT Loan           CRISIL        40     Downgraded
                                                         BBB-/Stable          from CRISIL
                                                                              BBB/Stable
VR Patil Vividh Vidyuth Nirman Pvt Ltd CC                CRISIL        170    Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd Foreign LOC       CRISIL        20     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd LT Loan           CRISIL        90     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
VR Patil Vividh Vidyuth Nirman Pvt Ltd Proposed LT Bk    CRISIL        110    Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Warkem Biotech Pvt Ltd                 CC*               CRISIL        100    Upgraded from
                                                         A/Stable             CRISIL
                                                                              A-/Positive
*Interchangeable with book debt of Rs 7 crore, export packing credit of Rs 0.5 crore, export
bill discounting of Rs 0.5 crore and letter of credit of Rs 2 crore. 
Warkem Biotech Pvt Ltd                 Proposed LT Bk    CRISIL        58     Upgraded from
                                       Loan Fac          A/Stable             CRISIL
                                                                              A-/Positive
West Bengal Mfg. Co Pvt Ltd            CC                CRISIL        90     Reaffirmed
                                                         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@refinitiv.com)
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