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CRISIL ratings for Indian debt instruments-Sep 1
September 1, 2017 / 8:15 AM / 4 months ago

CRISIL ratings for Indian debt instruments-Sep 1

    Sep 1 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of August 31, 2017.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Ahmedabad Packaging Industries Ltd      BG                 CRISIL A4+     20      Reaffirmed
Air Systems Ltd                         BG                 CRISIL A4      25      Reaffirmed
Issuer Not Cooperating
Airoil Flaregas Pvt Ltd                 BG                 CRISIL A4+     300     Assigned
Ajwani Infrastructure Pvt Ltd           BG                 CRISIL A2      850     Reaffirmed
Amar Brothers Global Pvt Ltd            Export Packing     CRISIL A4+     140     Reaffirmed
                                        Credit
Amar Brothers Global Pvt Ltd            Foreign Bill       CRISIL A4+     87.5    Reaffirmed
                                        Purchase
Amar Brothers Global Pvt Ltd            Inland/Import LOC  CRISIL A4+     50      Reaffirmed
Amazon Wood Pvt Ltd                     LOC                CRISIL A3      350     Reaffirmed
Anil Sancheti                           BG                 CRISIL A4      100     Reaffirmed
Issuer Not Cooperating
Anshul Specialty Molecules Pvt Ltd      LOC                CRISIL A3+     50      Reaffirmed
Arunnachala Impex Pvt Ltd               Inland/Import LOC  CRISIL A4+     50      Reaffirmed
Axis Finance Ltd                        CP Programme       CRISIL A1+     40000   Reaffirmed
Axis Finance Ltd                        CP Programme (IPO  CRISIL A1+     40000   Reaffirmed
                                        Financing) 
Bakewell Biscuits Pvt Ltd               Packing Credit     CRISIL A4      114     Reaffirmed
Balaji Enterprises - Ambathur           Proposed ST Bk     CRISIL A4      30      Assigned
                                        Loan Fac
Bansal Ship Breakers                    LOC                CRISIL A4      150     Reaffirmed
Bharti Telecom Ltd                      CP                 CRISIL A1+     30000   Assigned
Biocon Ltd                              ST Bk Fac          CRISIL A1+     20      Reaffirmed
Biocon Ltd                              ST Debt1           CRISIL A1+     200     Reaffirmed
1The common independent director on the boards of CRISIL and Biocon Ltd did not participate in
the rating committee meeting and the rating process for these i
Bird Machines Pvt Ltd                   BG                 CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Bird Machines Pvt Ltd                   LOC                CRISIL A4      10      Reaffirmed
Issuer Not Cooperating
Birla Corporation Ltd                   ST Debt (Including CRISIL A1+     3000    Reaffirmed
                                        CP)
Calico Trends                           LOC                CRISIL A3+     30      Reaffirmed
Centaur Pharmaceuticals Pvt Ltd         BG                 CRISIL A2+     20      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Centaur Pharmaceuticals Pvt Ltd         LOC                CRISIL A2+     70      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Century Infrapower Pvt Ltd              BG**               CRISIL A3      930     Assigned
**Sub limit: 1. Inland limit of Rs. 3 crore 2. Buyers credit limit of Rs. 10 crore
Chirag Goel Enterprises Pvt Ltd         LOC & BG           CRISIL A4      50      Reaffirmed
Darcl Logistics Ltd                     BG                 CRISIL A2+     750     Upgraded from
                                                                                  CRISIL A2
Entraco BKS Busducts Pvt Ltd            Proposed NFBL      CRISIL A4      20      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Issuer Not Cooperating
Finessac Food Ingredients and Colours   LOC                CRISIL A4      6       Reaffirmed
Pvt Ltd
Foundation For Life Sciences and        Overdraft          CRISIL A3      60      Assigned
Business Management
G. B. Agro Products                     BG                 CRISIL A4      30      Assigned
G. D. Overseas                          Packing Credit     CRISIL A4+     350     Reaffirmed
Ganges Internationale Pvt Ltd           BG                 CRISIL A3+     350     Assigned
Geltec Pvt Ltd                          BG                 CRISIL A1+     30      Reaffirmed
Geltec Pvt Ltd                          LOC                CRISIL A1+     30      Reaffirmed
Gopal Snacks Pvt Ltd                    BG                 CRISIL A2      10      Reaffirmed
Hans Raj Agros Pvt Ltd                  BG                 CRISIL A4      0.2     Reaffirmed
Harsh Global Pvt Ltd                    Overdraft          CRISIL A4      7.5     Assigned
Harsh Global Pvt Ltd                    BG                 CRISIL A4      67.5    Assigned
Himgiri Castings Pvt Ltd                BG                 CRISIL A2      15      Reaffirmed
Hindustan Sales Pvt Ltd                 BG                 CRISIL A4+     12.5    Assigned
JDC Infratech Pvt Ltd                   Proposed BG        CRISIL A4+     50      Assigned
JDC Infratech Pvt Ltd                   LOC                CRISIL A4+     10      Assigned
JDC Infratech Pvt Ltd                   BG                 CRISIL A4+     100     Assigned
JLC Electromet Pvt Ltd                  Export Packing     CRISIL A2+     60      Downgraded
                                        Credit                                    from CRISIL A1
JLC Electromet Pvt Ltd                  LOC                CRISIL A2+     350     Downgraded
                                                                                  from CRISIL A1
JSL Industries Ltd                      BG                 CRISIL A3      97      Reaffirmed
JSL Industries Ltd                      LOC                CRISIL A3      13      Reaffirmed
K. R. Construction                      BG                 CRISIL A4+     1800    Reaffirmed
Kamla Construction                      BG                 CRISIL A4+     130     Reaffirmed
KCRM FOODS Cont:Kalyana Chakravarthi    BG                 CRISIL A4      15      Reaffirmed
Rice Mill
Kemco Corporation                       LOC & BG           CRISIL A4+     290     Assigned
Konark Structural Engineers Pvt Ltd     BG                 CRISIL A4+     300     Reaffirmed
Krishi Rasayan                          LOC                CRISIL A3+     315     Reaffirmed
KSE Ltd                                 Cash Management    CRISIL A2+     15      Reaffirmed
                                        Service
Laxmi Lumber Industries Pvt Ltd         Inland/Import LOC  CRISIL A4      85      Assigned
LEDVANCE Pvt Ltd                        Non- FBL           CRISIL A1      406     Reaffirmed

MAG Solvics Pvt Ltd                     BG                 CRISIL A4+     6       Reaffirmed
Mantras Green Resources Ltd             BG                 CRISIL A4+     77.5    Assigned
Mayfair Housing Pvt Ltd                 Overdraft          CRISIL A3+     50      Assigned
Mercury Manufacturing Co. Ltd           Non- FBL           CRISIL A2+     20      Watch Positive
Midhunam Spinners Pvt Ltd               BG                 CRISIL A4      13      Reaffirmed
Miracle Cables India Pvt Ltd            BG                 CRISIL A4+     10      Reaffirmed
Mittal Brothers Engineers and           BG                 CRISIL A4+     175     Reaffirmed
Contractors
North Eastern Carrying Corporation Ltd  BG                 CRISIL A3      50      Reaffirmed
Olympic Decor LLP                       LOC                CRISIL A2      15      Reaffirmed
Oriental Bank of Commerce               CD                 CRISIL A1+     350000  Reaffirmed
Pankaj Phulwani                         BG                 CRISIL A4      50      Assigned
Pragati Enterprises                     BG                 CRISIL A4+     200     Reaffirmed
Quest Retail Pvt Ltd                    LOC                CRISIL A2+     25      Reaffirmed
Quest Retail Pvt Ltd                    LOC$               CRISIL A2+     80      Reaffirmed
$ Fully interchangeable with Buyer's credit
Quest Retail Pvt Ltd                    Pre Shipment       CRISIL A2+     47      Reaffirmed
                                        Finance

R Systems International Ltd             Loan Equivalent    CRISIL A1      180     Reaffirmed
                                        Risk Limits
R. P. Industries                        Inland/Import LOC  CRISIL A3      20      Reaffirmed
Raghunath Exports Company               Proposed ST Bk     CRISIL A4      40      Assigned
                                        Loan Fac

Raghunath Exports Company               Foreign Bill       CRISIL A4      30      Assigned
                                        Purchase

Raghunath Exports Company               Packing Credit     CRISIL A4      30      Assigned
Raj Kishore Engineering Constructions   BG                 CRISIL A4      20      Assigned
Pvt Ltd
Rajendra G. Shah and Company            BG                 CRISIL A4+     100     Reaffirmed
Rasun Exports Pvt Ltd                   Packing Credit     CRISIL A4      115     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Raymond Ltd                             Bill Discounting   CRISIL A1+     500     Reaffirmed
Raymond Ltd                             Non- FBL@          CRISIL A1+     2150    Reaffirmed
@Interchangeable with letter of credit, bank guarantee, buyer's credit, and suppliers' credit.
Raymond Ltd                             CP                 CRISIL A1+     5500    Reaffirmed
Raymond UCO Denim Pvt Ltd               Non- FBL           CRISIL A1      980     Reaffirmed
Raymond UCO Denim Pvt Ltd               Proposed NFBL      CRISIL A1      100     Reaffirmed
Raymond UCO Denim Pvt Ltd               Vendor Financing   CRISIL A1      750     Reaffirmed
Sakshi Markfin Pvt Ltd                  LOC                CRISIL A4      70      Assigned
Salasar Polytex Pvt Ltd                 BG                 CRISIL A3      8.9     Assigned
Sambandam Spinning Mills Ltd            BG                 CRISIL A4+     35      Reaffirmed
Sambandam Spinning Mills Ltd            LOC                CRISIL A4+     95      Reaffirmed
Sangrampur Agro Food Product Pvt Ltd    Inland Guarantees  CRISIL A4      5       Assigned
Sarralle Equipment India Pvt Ltd        LOC                CRISIL A4      30      Assigned
Sarralle Equipment India Pvt Ltd        BG                 CRISIL A4      40      Assigned
Shakti International Pvt Ltd            LOC#               CRISIL A2      150     Reaffirmed
#includes sublimit of Buyers Credit of up to Rs.5.0 crore
Shreno Ltd                              ST Bk Fac          CRISIL A1      330     Reaffirmed
Shreno Ltd                              CP Programme       CRISIL A1      200     Reaffirmed
Smita Steels Rolling Mills Pvt Ltd      LOC                CRISIL A3      50      Reaffirmed
Spire Cera-Frit Pvt Ltd                 LOC & BG           CRISIL A3      60      Reaffirmed
Sri Satyanarayana Raw and Boiled Rice   BG                 CRISIL A4      1.5     Reaffirmed
Mill Pvt Ltd
Sri Satyanarayana Raw and Boiled Rice   Derivatives Fac    CRISIL A4      14      Reaffirmed
Mill Pvt Ltd
Sri Sukra Jewels                        Proposed ST Bk     CRISIL A4+     30      Assigned
                                        Loan Fac
Sumitra DS Motors Pvt Ltd               BG                 CRISIL A4      12      Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd        Bill Discounting   CRISIL A4      40      Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd        LOC                CRISIL A4      29.6    Reaffirmed
T. Abdul Wahid Tanneries Pvt Ltd        Standby Line of    CRISIL A4      24      Reaffirmed
                                        Credit
Tadimety Aromatics Pvt Ltd              BG                 CRISIL A4+     20      Reaffirmed
Tadimety Aromatics Pvt Ltd              Packing Credit     CRISIL A4+     25      Reaffirmed
Tata Power Solar Systems Ltd            LOC & BG           CRISIL A1      10300   Reaffirmed
Tata Power Solar Systems Ltd            CP                 CRISIL A1      60      Withdrawal
Tata Power Solar Systems Ltd            CP*                CRISIL A1+     2000    Provisional
* Guaranteed by The Tata Power Company Ltd
Tata Power Solar Systems Ltd            CP*                CRISIL A1+     4000    Reaffirmed
* Guaranteed by The Tata Power Company Ltd
Todi Rayons Pvt Ltd                     BG                 CRISIL A4+     15      Assigned
Transrail Logistics Ltd                 BG                 CRISIL A2      25      Upgraded from
                                                                                  CRISIL A3+
Traxun Towers India Pvt Ltd             BG                 CRISIL A4+     90      Reaffirmed
Issuer Not Cooperating
Universal Medicare Pvt Ltd              BG                 CRISIL A1+     5       Reaffirmed
Universal Medicare Pvt Ltd              LOC                CRISIL A1+     10      Reaffirmed
Universal Speciality Chemicals Pvt Ltd  BG                 CRISIL A4+     0.5     Reaffirmed
Universal Speciality Chemicals Pvt Ltd  LOC                CRISIL A4+     7.5     Reaffirmed
Unnao Distilleries and Breweries Ltd    BG                 CRISIL A4+     5       Reaffirmed
UPL Ltd                                 LOC & BG           CRISIL A1+     6500    Reaffirmed
UPL Ltd                                 CP                 CRISIL A1+     9000    Reaffirmed
V S S Jewellers                         BG                 CRISIL A4      47.5    Assigned
Vijas Digital India Pvt Ltd             BG                 CRISIL A4+     6       Reassigned
Vital Health Care Pvt Ltd               LOC#               CRISIL A2      600     Reaffirmed
#Fully interchangeable with Buyers Credit Limit
Winfab Equipments Pvt Ltd               BG                 CRISIL A4      15      Reaffirmed

MEDIUM TERM RATINGS:
-------------------
Corporation Bank                        FD Programme       FAA+                   Downgraded
                                                                                  from FAAA
Darcl Logistics Ltd                     FD                 FA             450     Upgraded from
                                                                                  FA-
Oriental Bank of Commerce               FD                 FAA+                   Reaffirmed
Sambandam Spinning Mills Ltd            FD Programme       FB+            119     Reaffirmed

LONG TERM RATINGS:
-------------------
Ahmedabad Packaging Industries Ltd      Overdraft          CRISIL BB+     100     Reaffirmed
Ahmedabad Packaging Industries Ltd      Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac
Ahmedabad Packaging Industries Ltd      TL                 CRISIL BB+     21.2    Reaffirmed
Air Systems Ltd                         CC                 CRISIL B       65      Reaffirmed
Issuer Not Cooperating
Air Systems Ltd                         Proposed WC Fac    CRISIL B       10      Reaffirmed
Issuer Not Cooperating
Airoil Flaregas Pvt Ltd                 CC                 CRISIL BB      60      Assigned
Ajwani Infrastructure Pvt Ltd           CC                 CRISIL BBB+    150     Reaffirmed
Ajwani Infrastructure Pvt Ltd           Proposed LT Bk     CRISIL BBB+    984.5   Reaffirmed
                                        Loan Fac
Ajwani Infrastructure Pvt Ltd           Rupee TL           CRISIL BBB+    15.5    Reaffirmed
Almondz Finanz Ltd                      Overdraft          CRISIL BB+     300     Reaffirmed
Almondz Global Securities Ltd           Overdraft          CRISIL BB+     1000    Reaffirmed
Almondz Global Securities Ltd           Proposed LT Bk     CRISIL BB+     20      Reaffirmed
                                        Loan Fac*
*interchangeable with short term bank facilities
Amar Brothers Global Pvt Ltd            Standby Line of    CRISIL BB+     10.3    Reaffirmed
                                        Credit
Amar Brothers Global Pvt Ltd            TL                 CRISIL BB+     17.2    Reaffirmed
Amazon Wood Pvt Ltd                     CC                 CRISIL BBB-    150     Reaffirmed
Anjali Kitchenware Pvt Ltd              CC                 CRISIL BB      55      Assigned
Anjali Kitchenware Pvt Ltd              Proposed CC Limit  CRISIL BB      25      Assigned
Anshul Specialty Molecules Pvt Ltd      CC                 CRISIL BBB     100     Reaffirmed
Anshul Specialty Molecules Pvt Ltd      Export Packing     CRISIL BBB     20      Reaffirmed
                                        Credit
Anshul Specialty Molecules Pvt Ltd      Proposed LT Bk     CRISIL BBB     100     Reaffirmed
                                        Loan Fac
Araul Refrigeration Industries Pvt Ltd  TL                 CRISIL BB      50      Assigned
Araul Refrigeration Industries Pvt Ltd  CC                 CRISIL BB      210     Assigned
Araul Refrigeration Industries Pvt Ltd  Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
Ariex Ispat Pvt Ltd                     CC                 CRISIL B-      27.5    Reaffirmed
Ariex Ispat Pvt Ltd                     LT Loan            CRISIL B-      45      Reaffirmed
Arun Shelters Pvt Ltd                   LT Loan            CRISIL B       200     Reaffirmed
Issuer Not Cooperating
Arunnachala Impex Pvt Ltd               CC                 CRISIL BB+     200     Upgraded from
                                                                                  CRISIL BB
Aryavarta Cool Chain                    Proposed CC Limit  CRISIL B       31      Reaffirmed
Aryavarta Cool Chain                    TL                 CRISIL B       89      Assigned
Aspire Home Finance Corporation Ltd     CC                 CRISIL A+      350     Reaffirmed
Aspire Home Finance Corporation Ltd     LT Loan            CRISIL A+      8020    Reaffirmed
Aspire Home Finance Corporation Ltd     WC Demand Loan     CRISIL A+      250     Reaffirmed
Aspire Home Finance Corporation Ltd     Non- Convertible   CRISIL A+      3500    Reaffirmed
                                        Debentures
(Reduced from Rs.500 Crore) 
Aspire Home Finance Corporation Ltd     LT Loan            Withdrawal     1000    Reaffirmed
Aspire Home Finance Corporation Ltd     Proposed LT Bk     Withdrawal     880     Reaffirmed
                                        Loan Fac
ASR Industries                          LT Loan            CRISIL B+      10.1    Reaffirmed
Issuer Not Cooperating
ASR Industries                          Open CC            CRISIL B+      69.9    Reaffirmed
Issuer Not Cooperating
Avantika-GHRA(JV)                       Overdraft          CRISIL B+      150     Reaffirmed
Axis Finance Ltd                        NCD                CRISIL AAA     20000   Reaffirmed
Axis Finance Ltd                        Subordinated Debt  CRISIL AAA     5000    Reaffirmed
Bakewell Biscuits Pvt Ltd               LT Loan            CRISIL B+      55      Reaffirmed
Balaji Enterprises - Ambathur           Proposed LT Bk     CRISIL B       20      Assigned
                                        Loan Fac
Bansal Ship Breakers                    LOC#               CRISIL B+      50      Reaffirmed
#Includes Rs.5.0 Crore of cash credit limit
Bansal Ship Breakers                    Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Basic Clothing Pvt Ltd                  CC                 CRISIL BB-     170     Assigned
Biocon Ltd                              Proposed LT Bk     CRISIL AA+     230     Reaffirmed
                                        Loan Fac
Biocon Ltd                              WC Fac             CRISIL AA+     2250    Reaffirmed
Bird Machines Pvt Ltd                   CC                 CRISIL B       60      Reaffirmed
Issuer Not Cooperating
Bird Machines Pvt Ltd                   Proposed LT Bk     CRISIL B       15      Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Bird Machines Pvt Ltd                   TL                 CRISIL B       25      Reaffirmed
Issuer Not Cooperating
Birla Corporation Ltd                   NCD                CRISIL AA      5000    Reaffirmed
Calico Trends                           Export Packing     CRISIL BBB     90      Reaffirmed
                                        Credit
Calico Trends                           Foreign Bill       CRISIL BBB     40      Reaffirmed
                                        Purchase
Calico Trends                           Proposed LT Bk     CRISIL BBB     40      Reaffirmed
                                        Loan Fac
Calico Trends                           Standby Line of    CRISIL BBB     20      Reaffirmed
                                        Credit
Call Express Construction India Pvt Ltd LT Loan            CRISIL B+      500     Upgraded from
                                                                                  CRISIL B
Call Express Construction India Pvt Ltd Proposed TL        CRISIL B+      50      Upgraded from
                                                                                  CRISIL B
Celebrity Corporate Club                LT Loan            CRISIL D       70      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Celebrity Corporate Club                Overdraft          CRISIL D       10      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Centaur Pharmaceuticals Pvt Ltd         CC                 CRISIL A-      650     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Centaur Pharmaceuticals Pvt Ltd         Packing Credit     CRISIL A-      350     Assigned;
                                                                                  Suspension
                                                                                  Revoked
Centaur Pharmaceuticals Pvt Ltd         Proposed LT Bk     CRISIL A-      30      Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Centaur Pharmaceuticals Pvt Ltd         Standby Line of    CRISIL A-      30      Assigned;
                                        Credit                                    Suspension
                                                                                  Revoked
Century Infrapower Pvt Ltd              Foreign LOC        CRISIL BBB-    150     Assigned
Century Infrapower Pvt Ltd              CC*                CRISIL BBB-    150     Assigned
*Ad hoc limit up to 25% of the sanctioned limit for 3 months twice a year.
Century Infrapower Pvt Ltd              Bill Discounting#  CRISIL BBB-    250     Assigned
#Regular bank guarantee of Rs. 67 crore and one time Bank guarantee of Rs. 26 crore for specific
work order of DHBVN.
Chadha Papers Ltd                       TL                 CRISIL BB      135     Assigned
Chadha Papers Ltd                       Buyer`s Credit     CRISIL BB      295     Assigned
Chadha Papers Ltd                       CC                 CRISIL BB      200     Assigned
Chandra Modern Builders (india) Pvt Ltd TL                 CRISIL B       340     Reaffirmed
Chirag Goel Enterprises Pvt Ltd         CC                 CRISIL B       50      Reaffirmed
Corporation Bank                        Tier- I Bonds      CRISIL A-      10000   Downgraded
                                        (Under Basel III)                         from CRISIL A
Corporation Bank                        Tier- I Perpetual  CRISIL A+      4375    Downgraded
                                        Bonds (Under Basel                        from CRISIL
                                        II)                                       AA-
Corporation Bank                        Upper Tier- II     CRISIL A+      14000   Downgraded
                                        Bonds (Under Basel                        from CRISIL
                                        II)                                       AA-
Corporation Bank                        Lower Tier- II     CRISIL AA-     12000   Downgraded
                                        Bonds (Under Basel                        from CRISIL AA
                                        II)
Darcl Logistics Ltd                     CC                 CRISIL A-      2750    Upgraded from
                                                                                  CRISIL BBB+
Darcl Logistics Ltd                     Proposed LT Bk     CRISIL A-      510     Upgraded from
                                        Loan Fac                                  CRISIL BBB+
Darcl Logistics Ltd                     Standby Line of    CRISIL A-      150     Upgraded from
                                        Credit                                    CRISIL BBB+
Darcl Logistics Ltd                     WC Demand Loan     CRISIL A-      240     Upgraded from
                                                                                  CRISIL BBB+
Darshanlal Jagdishparshad Pvt Ltd       CC                 CRISIL BB+     95      Reaffirmed
Darshanlal Jagdishparshad Pvt Ltd       Proposed LT Bk     CRISIL BB+     38.1    Reaffirmed
                                        Loan Fac
Darshanlal Jagdishparshad Pvt Ltd       TL                 CRISIL BB+     41.9    Reaffirmed
Delhi Aviation Services Pvt Ltd         Proposed LT Bk     CRISIL BBB     526     Withdrawal
                                        Loan Fac
Delhi Aviation Services Pvt Ltd         CC                 CRISIL BBB+    140     Upgraded from
                                                                                  CRISIL BBB
Delhi Aviation Services Pvt Ltd         TL                 CRISIL BBB+    154     Upgraded from
                                                                                  CRISIL BBB
Dharani Hi-Tech Projects Pvt Ltd        BG                 CRISIL D       15      Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd        CC                 CRISIL D       65      Reaffirmed
Dharani Hi-Tech Projects Pvt Ltd        Overdraft          CRISIL D       50      Assigned
Eminent Trade & Export Pvt Ltd          Proposed LT Bk     CRISIL B       30.3    Assigned
                                        Loan Fac
Eminent Trade & Export Pvt Ltd          CC                 CRISIL B       50      Assigned
Eminent Trade & Export Pvt Ltd          LT Loan            CRISIL B       19.7    Assigned
Entraco BKS Busducts Pvt Ltd            Proposed CC Limit  CRISIL B+      10      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Entraco BKS Busducts Pvt Ltd            Proposed TL        CRISIL B+      69.5    Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Euro Panel Products Pvt Ltd             CC                 CRISIL BB-     100     Reaffirmed
Euro Panel Products Pvt Ltd             TL                 CRISIL BB-     62.5    Assigned
Euro Panel Products Pvt Ltd             Proposed LT Bk     CRISIL BB-     22.5    Assigned
                                        Loan Fac
Finessac Food Ingredients and Colours   CC                 CRISIL B+      30      Reaffirmed
Pvt Ltd
Finessac Food Ingredients and Colours   TL                 CRISIL B+      57.5    Reaffirmed
Pvt Ltd
Foundation For Life Sciences and        TL                 CRISIL BBB-    390     Assigned
Business Management
Fucon Technologies Ltd                  Overdraft          CRISIL D       29      Reaffirmed
Fucon Technologies Ltd                  WC Demand Loan     CRISIL D       116     Reaffirmed
G. B. Agro Products                     Proposed LT Bk     CRISIL B+      2.5     Assigned
                                        Loan Fac
G. B. Agro Products                     CC                 CRISIL B+      27.5    Assigned
G. D. Overseas                          CC                 CRISIL BB      50      Upgraded from
                                                                                  CRISIL BB-
G. D. Overseas                          Foreign LOC        CRISIL BB      20      Upgraded from
                                                                                  CRISIL BB-
Ganges Internationale Pvt Ltd           Bill Discounting   CRISIL BBB     75      Assigned
Ganges Internationale Pvt Ltd           CC                 CRISIL BBB     420     Assigned
Ganges Internationale Pvt Ltd           TL                 CRISIL BBB     43      Assigned
Geltec Pvt Ltd                          CC*                CRISIL A+      120     Reaffirmed
*Inclusive of sub-limit of working capital demand loan, export packing credit to the extent of
Rs 5 crore each
Geltec Pvt Ltd                          Proposed CC Limit  CRISIL A+      120     Reaffirmed
Global Aluminium Pvt Ltd                Buyer`s Credit     CRISIL BB      128.6   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Global Aluminium Pvt Ltd                CC                 CRISIL BB      351.4   Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Gopal Snacks Pvt Ltd                    CC                 CRISIL BBB+    30      Reaffirmed
Gopal Snacks Pvt Ltd                    TL                 CRISIL BBB+    360     Reaffirmed
Gupta Entertainments Pvt Ltd            LT Loan            CRISIL B+      95      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Hans Raj Agros Pvt Ltd                  CC                 CRISIL B+      190     Reaffirmed
Hans Raj Agros Pvt Ltd                  Proposed LT Bk     CRISIL B+      4.8     Reaffirmed
                                        Loan Fac
Hans Raj Agros Pvt Ltd                  TL                 CRISIL B+      5       Reaffirmed
Hans Raj Agros Pvt Ltd                  Warehouse Receipts CRISIL B+      100     Reaffirmed
Hariom Industries                       CC                 CRISIL B+      42.5    Reaffirmed
Issuer Not Cooperating
Hariom Industries                       LT Loan            CRISIL B+      12.5    Reaffirmed
Issuer Not Cooperating
Harsh Global Pvt Ltd                    TL                 CRISIL B-      8.5     Assigned
Harsh Global Pvt Ltd                    CC                 CRISIL B-      10      Assigned
Himgiri Castings Pvt Ltd                CC                 CRISIL BBB+    45      Reaffirmed
Himgiri Castings Pvt Ltd                Proposed LT Bk     CRISIL BBB+    30      Reaffirmed
                                        Loan Fac
Hindustan Sales Pvt Ltd                 Proposed LT Bk     CRISIL BB+     87.6    Assigned
                                        Loan Fac
Hindustan Sales Pvt Ltd                 Inventory Funding  CRISIL BB+     17.5    Assigned
                                        Fac
Hindustan Sales Pvt Ltd                 CC                 CRISIL BB+     19.9    Assigned
JDC Infratech Pvt Ltd                   Proposed LT Bk     CRISIL BB      10      Assigned
                                        Loan Fac
JDC Infratech Pvt Ltd                   Proposed CC Limit  CRISIL BB      10      Assigned
JDC Infratech Pvt Ltd                   CC                 CRISIL BB      40      Assigned
JLC Electromet Pvt Ltd                  CC                 CRISIL A-      40      Reaffirmed
JLC Electromet Pvt Ltd                  Credit Limit Under CRISIL A-      80      Reaffirmed
                                        Gold Card
JLC Electromet Pvt Ltd                  Proposed LT Bk     CRISIL A-      221     Reaffirmed
                                        Loan Fac
JM Financial MF's Schemes               JM High Liquidity  CRISIL AAAmfs          Reaffirmed
                                        Fund 
JM Financial MF's Schemes               JM Money Manager   CRISIL AAAmfs          Reaffirmed
                                        Fund - Super Plus
                                        Plan
JM Financial MF's Schemes               JM Money Manager   CRISIL AAAmfs          Reaffirmed
                                        Fund - Super Plan 
JM Financial Mutual Fund                JM High Liquidity  CRISIL AAAmfs          Reaffirmed
                                        Fund 
JM Financial Mutual Fund                JM Money Manager   CRISIL AAAmfs          Reaffirmed
                                        Fund - Super Plus
                                        Plan 
JM Financial Mutual Fund                JM Money Manager   CRISIL AAAmfs          Reaffirmed
                                        Fund - Super Plan 
JSL Industries Ltd                      CC                 CRISIL BBB-    50      Reaffirmed
JSL Industries Ltd                      Proposed LT Bk     CRISIL BBB-    29.1    Reaffirmed
                                        Loan Fac
JSL Industries Ltd                      TL                 CRISIL BBB-    10.3    Reaffirmed
K. R. Construction                      CC                 CRISIL BB-     200     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Kaaba Trading Pvt Ltd                   CC                 CRISIL B       63      Reaffirmed
Kamla Construction                      CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
KCRM FOODS Cont:Kalyana Chakravarthi    CC                 CRISIL B       45      Reaffirmed
Rice Mill
Kela Rice Industries                    TL                 CRISIL BB-     16      Assigned
Kela Rice Industries                    CC                 CRISIL BB-     32.5    Assigned
Kela Rice Industries                    Proposed LT Bk     CRISIL BB-     11.5    Assigned
                                        Loan Fac
Kemco Corporation                       CC                 CRISIL BB+     100     Assigned
Konark Structural Engineers Pvt Ltd     CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Krishi Rasayan                          CC                 CRISIL BBB     315     Reaffirmed
Krishna Enterprises - Amravati          Proposed TL        CRISIL B+      7.5     Assigned
Krishna Enterprises - Amravati          CC                 CRISIL B+      40      Assigned
Krishna Enterprises - Amravati          Proposed CC Limit  CRISIL B+      22.5    Assigned
Krishna Towers                          TL                 CRISIL B       100     Assigned
KSE Ltd                                 CC                 CRISIL A-      600     Reaffirmed
KSE Ltd                                 Proposed LT Bk     CRISIL A-      15      Reaffirmed
                                        Loan Fac
Lamiya Silks - Triprayar                TL                 CRISIL D       7.7     Assigned
Lamiya Silks - Triprayar                CC                 CRISIL D       49      Assigned
Lamiya Silks - Triprayar                Proposed CC Limit  CRISIL D       3.3     Assigned
Laxmi Lumber Industries Pvt Ltd         CC                 CRISIL B       35      Assigned
LEDVANCE Pvt Ltd                        CC                 CRISIL A       300     Downgraded
                                                                                  from CRISIL A+
LEDVANCE Pvt Ltd                        Proposed LT Bk     CRISIL A       294     Downgraded
                                        Loan Fac                                  from CRISIL A+
M. S. Ramaiah Foundation                CC/ Overdraft Fac  CRISIL D       10      Reaffirmed
M. S. Ramaiah Foundation                LT Loan            CRISIL D       125     Reaffirmed
M. S. Ramaiah Foundation                Proposed LT Bk     CRISIL D       190     Reaffirmed
                                        Loan Fac
M.M.G. Holdings Pvt Ltd                 LT Loan            CRISIL B       142.8   Reaffirmed
M.M.G. Holdings Pvt Ltd                 Proposed LT Bk     CRISIL B       35.4    Reaffirmed
                                        Loan Fac
Maa Saraswati Education Society (Regd.) LT Loan            CRISIL D       89      Reaffirmed
Issuer Not Cooperating
Maa Saraswati Education Society (Regd.) Overdraft          CRISIL D       11      Reaffirmed
Issuer Not Cooperating
MAG Solvics Pvt Ltd                     CC                 CRISIL BB-     35      Reaffirmed
MAG Solvics Pvt Ltd                     Proposed WC Fac    CRISIL BB-     10.3    Reaffirmed
MAG Solvics Pvt Ltd                     TL                 CRISIL BB-     27.5    Reaffirmed
Magadh Industries Pvt Ltd               CC                 CRISIL BB+     1350    Assigned;
                                                                                  Suspension
                                                                                  Revoked
Magadh Industries Pvt Ltd               LT Loan            CRISIL BB+     180.2   Assigned;
                                                                                  Suspension
                                                                                  Revoked
Magadh Industries Pvt Ltd               Proposed LT Bk     CRISIL BB+     99.8    Assigned;
                                        Loan Fac                                  Suspension
                                                                                  Revoked
Mahavir Coal Corporation Pvt Ltd        CC                 CRISIL BB+     160     Reaffirmed
Issuer Not Cooperating
Malar Modern Rice Mill                  CC                 CRISIL BB-     60      Upgraded from
                                                                                  CRISIL B+
Mangalam Organics Ltd                   WC TL              CRISIL BBB+    63      Assigned
Mangalam Organics Ltd                   Corporate Loan     CRISIL BBB+    62      Assigned
Mangalam Organics Ltd                   Buyer`s Credit     CRISIL BBB+    320     Assigned
Mangalam Organics Ltd                   CC                 CRISIL BBB+    105     Assigned
Mantras Green Resources Ltd             LT Loan            CRISIL BB-     52.5    Assigned
Mantras Green Resources Ltd             CC                 CRISIL BB-     70      Assigned
Mayfair Housing Pvt Ltd                 CC/ Overdraft Fac  CRISIL BBB     146     Upgraded from
                                                                                  CRISIL BBB-
Mayfair Housing Pvt Ltd                 Loan Against       CRISIL BBB     574.5   Upgraded from
                                        Property                                  CRISIL BBB-
Mayfair Housing Pvt Ltd                 LT Loan            CRISIL BBB     333.8   Upgraded from
                                                                                  CRISIL BBB-
Mayfair Housing Pvt Ltd                 Proposed LT Bk     CRISIL BBB     156.9   Upgraded from
                                        Loan Fac                                  CRISIL BBB-
Mayfair Housing Pvt Ltd                 TL                 CRISIL BBB     598.8   Upgraded from
                                                                                  CRISIL BBB-
Mercury Manufacturing Co. Ltd           Adhoc Limit        CRISIL A-      30      Watch Positive
Mercury Manufacturing Co. Ltd           Fund- Based Fac    CRISIL A-      60      Watch Positive
Midhunam Spinners Pvt Ltd               CC                 CRISIL B       80      Reaffirmed
Midhunam Spinners Pvt Ltd               LT Loan            CRISIL B       25      Reaffirmed
Midhunam Spinners Pvt Ltd               Proposed CC Limit  CRISIL B       20      Reaffirmed
Midhunam Spinners Pvt Ltd               Proposed TL        CRISIL B       45.7    Reaffirmed
Miracle Cables India Pvt Ltd            Bill Discounting   CRISIL BB      2.5     Upgraded from
                                                                                  CRISIL BB-
Miracle Cables India Pvt Ltd            CC                 CRISIL BB      155     Upgraded from
                                                                                  CRISIL BB-
Miracle Cables India Pvt Ltd            Proposed LT Bk     CRISIL BB      12.4    Upgraded from
                                        Loan Fac                                  CRISIL BB-
Miracle Cables India Pvt Ltd            Rupee TL           CRISIL BB      30.1    Upgraded from
                                                                                  CRISIL BB-
Mittal Brothers Engineers and           CC                 CRISIL BB      75      Reaffirmed
Contractors
N R I Academy of Sciences               BG                 CRISIL D       196.4   Reaffirmed
Issuer Not Cooperating
N R I Academy of Sciences               Overdraft          CRISIL D       90      Reaffirmed
Issuer Not Cooperating
N R I Academy of Sciences               Proposed LT Bk     CRISIL D       125.9   Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
N R I Academy of Sciences               TL                 CRISIL D       197.7   Reaffirmed
Issuer Not Cooperating
North Eastern Carrying Corporation Ltd  CC                 CRISIL BBB-    350     Reaffirmed
North Eastern Carrying Corporation Ltd  Proposed LT Bk     CRISIL BBB-    220     Reaffirmed
                                        Loan Fac
North Eastern Carrying Corporation Ltd  WC Demand Loan     CRISIL BBB-    10      Reaffirmed
North Eastern Carrying Corporation Ltd  WC TL              CRISIL BBB-    250     Reaffirmed
Olympic Decor LLP                       CC                 CRISIL BBB+    150     Reaffirmed
Olympic Decor LLP                       Rupee TL           CRISIL BBB+    48      Reaffirmed
Pankaj Phulwani                         CC                 CRISIL B+      15      Assigned
Parmatma Cottons Pvt Ltd                CC                 CRISIL B+      50      Reaffirmed
Parmatma Cottons Pvt Ltd                TL                 CRISIL B+      32      Reaffirmed
Poulomi Estates Pvt Ltd                 Proposed LT Bk     CRISIL B+      50      Reaffirmed
                                        Loan Fac
Poulomi Estates Pvt Ltd                 TL                 CRISIL B+      150     Reaffirmed
Power Link System Pvt Ltd               LT Loan            CRISIL BB+     98      Reaffirmed
Issuer Not Cooperating
Pragati Enterprises                     CC                 CRISIL BB-     50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Prompt Pulp and Fibres Pvt Ltd          CC                 CRISIL C       22.5    Reaffirmed
Prompt Pulp and Fibres Pvt Ltd          LT Bk Fac          CRISIL C       52.5    Reaffirmed
Quest Retail Pvt Ltd                    CC*                CRISIL A-      70      Reaffirmed
* Fully interchangeable with Buyer's credit/Letter of Credit; Fully interchangeable with Working
Capital Demand loan and Includes a sub limit of Bank guarantee of Rs 50 lakhs.
Quest Retail Pvt Ltd                    Overdraft          CRISIL A-      50      Reaffirmed
Quest Retail Pvt Ltd                    Overdraft#         CRISIL A-      40      Reaffirmed
# Fully interchangeable with Working capital loan, Letter of Credit and Buyer's Credit
Quest Retail Pvt Ltd                    TL                 CRISIL A-      38      Assigned
R Systems International Ltd             CC*                CRISIL A       200     Reaffirmed
* Interchangeable with Letter of Credit, Export Packing Credit (EPC), Pre Shipment credit in
Foreign currency (PCFC) and Pre shipment credit(PSC)
R. P. Industries                        CC                 CRISIL BBB-    100     Reaffirmed
R. P. Industries                        Proposed LT Bk     CRISIL BBB-    22      Reaffirmed
                                        Loan Fac
R. P. Industries                        Standby Line of    CRISIL BBB-    15      Reaffirmed
                                        Credit
R. P. Industries                        TL                 CRISIL BBB-    15      Reaffirmed
Radhesh Plastics India Pvt Ltd          CC                 CRISIL B+      27      Reaffirmed
Radhesh Plastics India Pvt Ltd          Proposed LT Bk     CRISIL B+      3.2     Reaffirmed
                                        Loan Fac
Radhesh Plastics India Pvt Ltd          TL                 CRISIL B+      17.6    Reaffirmed
Raghuram Industries                     CC                 CRISIL B+      50      Reaffirmed
Issuer Not Cooperating
Raghuram Industries                     Proposed LT Bk     CRISIL B+      6       Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Raj Kishore Engineering Constructions   CC                 CRISIL B+      30      Assigned
Pvt Ltd
Raj Kishore Engineering Constructions   Proposed BG        CRISIL B+      20      Assigned
Pvt Ltd
Raj Kishore Engineering Constructions   Proposed CC Limit  CRISIL B+      60      Assigned
Pvt Ltd
Rajendra G. Shah and Company            CC                 CRISIL BB-     60      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Rajendra G. Shah and Company            Proposed BG        CRISIL BB-     340     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Rasun Exports Pvt Ltd                   CC                 CRISIL B       15      Assigned;
                                                                                  Suspension
                                                                                  Revoked
Raymond Apparel Ltd                     Proposed TL        CRISIL A+      470.3   Reaffirmed
Raymond Apparel Ltd                     TL                 CRISIL A+      29.7    Reaffirmed
Raymond Ltd                             CC                 CRISIL AA-     4850    Reaffirmed
Raymond Ltd                             Fund & NFBL        CRISIL AA-     1250    Reaffirmed
Raymond Ltd                             Proposed Fund-     CRISIL AA-     1150    Reaffirmed
                                        Based Bk Limits^
^Interchangeable with non-fund-based bank limits
Raymond Ltd                             Proposed Rupee TL  CRISIL AA-     4416.1  Reaffirmed
Raymond Ltd                             Rupee TL           CRISIL AA-     3583.9  Reaffirmed
Raymond Ltd                             NCD                CRISIL AA-     1750    Reaffirmed
Raymond Ltd                             NCD                CRISIL AA-     1000    Reaffirmed
Raymond UCO Denim Pvt Ltd               Fund- Based Fac    CRISIL A       2750    Reaffirmed
Raymond UCO Denim Pvt Ltd               Proposed Fund-     CRISIL A       768.6   Reaffirmed
                                        Based Bk Limits
Raymond UCO Denim Pvt Ltd               TL                 CRISIL A       1901.4  Reaffirmed
Rishab Apparel Pvt Ltd                  CC                 CRISIL B       225     Downgraded
                                                                                  from CRISIL
                                                                                  BB-*
Issuer Not Cooperating
RNP Scaffolding & Formwork Pvt Ltd      Bill Discounting   CRISIL BB-     50      Assigned
RNP Scaffolding & Formwork Pvt Ltd      CC                 CRISIL BB-     250     Assigned
Sakshi Markfin Pvt Ltd                  Proposed Fund-     CRISIL B       20      Assigned
                                        Based Bk Limits
Sakshi Markfin Pvt Ltd                  CC                 CRISIL B       120     Assigned
Salasar Polytex Pvt Ltd                 TL                 CRISIL BBB-    79.8    Assigned
Salasar Polytex Pvt Ltd                 LT Loan            CRISIL BBB-    41.3    Assigned
Salasar Polytex Pvt Ltd                 CC                 CRISIL BBB-    200     Assigned
Sambandam Spinning Mills Ltd            CC                 CRISIL BB-     548.5   Reaffirmed
Sambandam Spinning Mills Ltd            Proposed LT Bk     CRISIL BB-     279     Withdrawal
                                        Loan Fac
Sambandam Spinning Mills Ltd            TL                 CRISIL BB-     210     Reaffirmed
Sangrampur Agro Food Product Pvt Ltd    Proposed LT Bk     CRISIL B       3       Assigned
                                        Loan Fac
Sangrampur Agro Food Product Pvt Ltd    LT Loan            CRISIL B       37      Assigned
Sangrampur Agro Food Product Pvt Ltd    CC                 CRISIL B       25      Assigned
Santosh W/O Sh. Vinod Kumar Warehouse   TL                 CRISIL BB-     78.5    Reaffirmed
Sarralle Equipment India Pvt Ltd        CC                 CRISIL B-      9       Assigned
Shakambari Polymers Pvt Ltd             CC                 CRISIL B       10      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Shakambari Polymers Pvt Ltd             Foreign LOC        CRISIL B       5       Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Shakambari Polymers Pvt Ltd             LT Loan            CRISIL B       60      Downgraded
                                                                                  from CRISIL B+
Issuer Not Cooperating
Shakti International Pvt Ltd            LOC                CRISIL BBB+    500     Reaffirmed
Shakti International Pvt Ltd            LOC                CRISIL BBB+    300     Reaffirmed
Shreno Ltd                              CC^                CRISIL A       150     Reaffirmed
^One way changeable from fund-based to non-fund-based limits
Shreno Ltd                              CC*                CRISIL A       200     Reaffirmed
*Interchangeable with non-fund-based limits
Shreno Ltd                              LT Loan            CRISIL A       75      Reaffirmed
Shreno Ltd                              Overdraft          CRISIL A       20      Reaffirmed
Shreno Ltd                              WC Demand Loan     CRISIL A       200     Reaffirmed
Shri Basav Textiles Ltd                 LT Loan            CRISIL B       70      Reaffirmed
Shri Shivjot Developers And Builders    LT Loan            CRISIL B       90      Assigned
Ltd
Smita Steels Rolling Mills Pvt Ltd      CC                 CRISIL BBB-    150     Reaffirmed
Smita Steels Rolling Mills Pvt Ltd      Proposed LT Bk     CRISIL BBB-    1.1     Reaffirmed
                                        Loan Fac
Spire Cera-Frit Pvt Ltd                 CC                 CRISIL BBB-    85      Reaffirmed
Sri Basaveshwara Rice Mill              CC/ Overdraft Fac  CRISIL B       120     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sri Basaveshwara Rice Mill              Proposed LT Bk     CRISIL B       10.1    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sri Basaveshwara Rice Mill              TL                 CRISIL B       15.6    Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Issuer Not Cooperating
Sri Jagadamba Rice Industries           CC                 CRISIL BB-     115     Assigned
Sri Praneeth Enterprises                CC                 CRISIL B+      80      Assigned
Sri Praneeth Enterprises                Proposed LT Bk     CRISIL B+      20      Assigned
                                        Loan Fac
Sri Satyanarayana Raw and Boiled Rice   CC                 CRISIL B       400     Downgraded
Mill Pvt Ltd                                                                      from CRISIL B+
Sri Satyanarayana Raw and Boiled Rice   Export Packing     CRISIL B       260     Downgraded
Mill Pvt Ltd                            Credit                                    from CRISIL B+
Sri Satyanarayana Raw and Boiled Rice   Key CC             CRISIL B       50      Downgraded
Mill Pvt Ltd                                                                      from CRISIL B+
Sri Satyanarayana Raw and Boiled Rice   Proposed LT Bk     CRISIL B       95      Downgraded
Mill Pvt Ltd                            Loan Fac                                  from CRISIL B+
Sri Satyanarayana Raw and Boiled Rice   TL                 CRISIL B       30      Downgraded
Mill Pvt Ltd                                                                      from CRISIL B+
Sri Sukra Jewels                        CC/ Overdraft Fac  CRISIL BB-     20      Assigned
Srinivasa Chemical Enterprises          Overdraft          CRISIL BB+     70      Assigned
Srivatsa Bio-Tech India Pvt Ltd         CC                 CRISIL B+      100     Assigned
Srivatsa Bio-Tech India Pvt Ltd         TL                 CRISIL B+      140     Assigned
Sukra Jewellery                         CC/ Overdraft Fac  CRISIL BB-     50      Assigned
Sulthan Retail LLP                      CC                 CRISIL B+      110     Reaffirmed
Issuer Not Cooperating
Sumitra DS Motors Pvt Ltd               CC                 CRISIL B-      100     Reaffirmed
Sumitra DS Motors Pvt Ltd               Proposed TL        CRISIL B-      18      Reaffirmed
Sumitra DS Motors Pvt Ltd               TL                 CRISIL B-      10      Reaffirmed
Sun Foods And Feeds                     CC                 CRISIL B       105     Reaffirmed
Super Seeds Pvt Ltd                     CC                 CRISIL B       150     Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Super Seeds Pvt Ltd                     TL                 CRISIL B       26      Downgraded
                                                                                  from CRISIL
                                                                                  BB-
Issuer Not Cooperating
Swadisht Oils Pvt Ltd                   CC                 CRISIL B-      200     Downgraded
                                                                                  from CRISIL B
T. Abdul Wahid Tanneries Pvt Ltd        Packing Credit     CRISIL B       130     Downgraded
                                                                                  from CRISIL B+
T. Abdul Wahid Tanneries Pvt Ltd        TL                 CRISIL B       20      Downgraded
                                                                                  from CRISIL B+
Tadimety Aromatics Pvt Ltd              CC                 CRISIL BB+     25      Reaffirmed
Tata Power Solar Systems Ltd            CC*                CRISIL A+      4750    Upgraded from
                                                                                  CRISIL A
*Interchangeable with letter of credit and bank guarantee to the extent of Rs 455 crore
Tata Power Solar Systems Ltd            NCD                CRISIL A+      200     Upgraded from
                                                                                  CRISIL A;
                                                                                  Rating
Withdrawal
The Shetkari Shikshan Mandal            TL                 CRISIL D       195     Reaffirmed
Issuer Not Cooperating
Todi Rayons Pvt Ltd                     TL                 CRISIL BB+     367.5   Assigned
Todi Rayons Pvt Ltd                     CC                 CRISIL BB+     110     Assigned
Transrail Logistics Ltd                 CC                 CRISIL BBB+    180     Upgraded from
                                                                                  CRISIL BBB
Transrail Logistics Ltd                 Proposed LT Bk     CRISIL BBB+    45      Upgraded from
                                        Loan Fac                                  CRISIL BBB
Traxun Towers India Pvt Ltd             CC                 CRISIL BB      1.5     Reaffirmed
Issuer Not Cooperating
Traxun Towers India Pvt Ltd             Proposed LT Bk     CRISIL BB      28.5    Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Traxun Towers India Pvt Ltd             Secured Overdraft  CRISIL BB      20      Reaffirmed
                                        against term
                                        deposits
Issuer Not Cooperating
Union Bank of India                     Lower Tier- II     CRISIL AA+     12000   Downgraded
                                        Bond (Under Basel                         from CRISIL
                                        II)                                       AAA
Union Bank of India                     Tier- II Bond      CRISIL AA+     7500    Downgraded
                                        Issue (Under Basel                        from CRISIL
                                        III)                                      AAA
Union Bank of India                     Tier- II Bond      CRISIL AA+     10000   Downgraded
                                        Issue (Under Basel                        from CRISIL
                                        III)                                      AAA
Union Bank of India                     Tier- II Bond      CRISIL AA+     20000   Downgraded
                                        Issue (Under Basel                        from CRISIL
                                        III)                                      AAA
Union Bank of India                     Upper Tier- II     CRISIL AA+     25000   Downgraded
                                        Bond Issue (Under                         from CRISIL
                                        Basel II)                                 AAA
Union Bank of India                     Tier- I Perpetual  CRISIL AA+     10400   Downgraded
                                        Bond Issue (Under                         from CRISIL
                                        Basel II)                                 AAA
Universal Medicare Pvt Ltd              CC#                CRISIL A+      50      Reaffirmed
#Inclusive of sub-limit for working capital demand loan up to Rs 5 crore
Universal Medicare Pvt Ltd              Export Packing     CRISIL A+      2.5     Reaffirmed
                                        Credit
Universal Medicare Pvt Ltd              Proposed CC Limit  CRISIL A+      62.5    Reaffirmed
Universal Speciality Chemicals Pvt Ltd  CC                 CRISIL BB      50      Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Universal Speciality Chemicals Pvt Ltd  LT Loan            CRISIL BB      8.9     Downgraded
                                                                                  from CRISIL
                                                                                  BB+
Universal Speciality Chemicals Pvt Ltd  Proposed LT Bk     CRISIL BB      33.1    Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  BB+
Unnao Distilleries and Breweries Ltd    CC                 CRISIL BB+     140     Reaffirmed
Unnao Distilleries and Breweries Ltd    Proposed LT Bk     CRISIL BB+     30.7    Reaffirmed
                                        Loan Fac
UPL Ltd                                 CC*                CRISIL AA+     11500   Reaffirmed
* Fully interchangeable between Cash Credit, Working Capital Demand Loan, Foreign Currency
Non-Resident (Bank) loans, packing credit in INR, packing credit in foreign currency, export
bill discounting in INR and foreign currency, Buyers credit for imports and domestic purchases
and Domestic sales bill discounting.
UPL Ltd                                 Proposed CC Limit  CRISIL AA+     2000    Reaffirmed
UPL Ltd                                 Proposed LT Bk     CRISIL AA+     5000    Assigned
                                        Loan Fac
V S S Jewellers                         CC/ Overdraft Fac  CRISIL B       12.5    Assigned
Vamsadhara Cotton Industries            CC                 CRISIL B+      90      Reaffirmed
Veera Associates                        Bill Discounting   CRISIL B+      30      Reaffirmed
Veera Associates                        Export Packing     CRISIL B+      10      Reaffirmed
                                        Credit
Veera Associates                        LT Loan            CRISIL B+      50      Reaffirmed
Veera Associates                        Overdraft          CRISIL B+      35      Reaffirmed
Vijas Digital India Pvt Ltd             CC                 CRISIL BB-     72      Reaffirmed
Vijas Digital India Pvt Ltd             Proposed LT Bk     CRISIL BB-     26.5    Reaffirmed
                                        Loan Fac
Vijas Digital India Pvt Ltd             TL                 CRISIL BB-     25.5    Assigned
Vijaya Aero Blocks Pvt Ltd              CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL B
Vijaya Aero Blocks Pvt Ltd              LT Loan            CRISIL D       245     Downgraded
                                                                                  from CRISIL B
Vital Health Care Pvt Ltd               CC*                CRISIL BBB+    850     Reaffirmed
*Fully interchangeable with Export Packing Credit limit
Vital Health Care Pvt Ltd               Proposed LT Bk     CRISIL BBB+    127.5   Reaffirmed
                                        Loan Fac
Vital Health Care Pvt Ltd               TL                 CRISIL BBB+    132.5   Assigned
Winfab Equipments Pvt Ltd               CC                 CRISIL B       40      Reaffirmed
Winfab Equipments Pvt Ltd               Proposed CC Limit  CRISIL B       5       Reaffirmed

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