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CRISIL ratings for Indian debt instruments-Sep 1

   Sep 1  - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL)
for local debt instruments as of August 31, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Aarti Hydro Power Pvt Ltd              BG                CRISIL A4     1      Reaffirmed
Achiever Apparels Pvt Ltd              Foreign           CRISIL A4     20     -
                                       Discounting Bill
                                       Purchase
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Achiever Apparels Pvt Ltd              Packing Credit    CRISIL A4     80     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Achiever Apparels Pvt Ltd              Proposed ST Bk    CRISIL A4     40     -
                                       Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Aditya Birla Renewables SPV 1 Ltd      Loan Equivalent   CRISIL A1+    50     Assigned
                                       Risk Limits
Akshaya Builders                       BG                CRISIL A4+    64     Reaffirmed
Alacrity Securities Ltd                BG                CRISIL A4     115    -
(Downgraded from 'CRISIL A4+')
Anand Rathi Global Finance Ltd         CP                CRISIL A1     500    Withdrawn
Anandji Haridas and Co. Pvt Ltd        BG                CRISIL A3     3      Reaffirmed
Anandji Haridas and Co. Pvt Ltd        LOC               CRISIL A3     80     Reaffirmed
Anisha Impex Ltd                       BG                CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Anjalee Nature Works                   BG                CRISIL A4+    5      Reaffirmed
Anjalee Nature Works                   Packing Credit    CRISIL A4+    80     Reaffirmed
Antony Commercial Vehicles Pvt Ltd     BG                CRISIL A4+    20     Reaffirmed
Antony Garage Pvt Ltd                  BG                CRISIL A4+    80     Reaffirmed
Antony Motors Pvt Ltd                  BG                CRISIL A4+    125    Reaffirmed
Antony Motors Pvt Ltd                  Import LOC Limit  CRISIL A4+    25     Reaffirmed
Apex Suratgarh Multispeciality Hospital BG               CRISIL A4+    0.2    Reassigned
Pvt Ltd
Apex Suratgarh Multispeciality Hospital Overdraft        CRISIL A4+    7.5    Assigned
Pvt Ltd
Armani Industries India Pvt Ltd        Foreign Exchange  CRISIL A4+    22.5   Assigned
                                       Forward
Armani Industries India Pvt Ltd        Packing Credit    CRISIL A4+    150    Assigned
AVP Constructions Pvt Ltd              BG                CRISIL A4+    10     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING)
Bank of India                          CDs               CRISIL A1+    300000 Reaffirmed
Best Paper Mills Pvt Ltd               LOC               CRISIL A2     200    Reaffirmed
Best Paper Mills Pvt Ltd               Loan Equivalent   CRISIL A2     15.5   Reaffirmed
                                       Risk Limits
Best Paper Mills Pvt Ltd               ST Loan           CRISIL A2     29     -
Bharat Cereals Pvt Ltd                 BG                CRISIL A3     2      Reaffirmed
Bharat Cereals Pvt Ltd                 Export Packing    CRISIL A3     850    Reaffirmed
                                       Credit
Bharat Cereals Pvt Ltd                 Standby Line of   CRISIL A3     110    Reaffirmed
                                       Credit
Bhumi Developers                       BG                CRISIL A4+    110    Reaffirmed
(Issuer Not Cooperating)
BOB Financial Solutions Ltd            CP                CRISIL A1+    5000   Reaffirmed
Brahmaputra Cracker and Polymer Ltd    Proposed ST Bk    CRISIL A1+    2042   Reaffirmed
                                       Loan Fac
Brahmaputra Cracker and Polymer Ltd    ST Loan           CRISIL A1+    2500   -
Brojendra Plantation Pvt Ltd           BG                CRISIL A4     2      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Budge Budge Co. Ltd                    BG                CRISIL A4+    10     Reaffirmed
Budge Budge Co. Ltd                    LOC               CRISIL A4+    20     Reaffirmed
C. S. Infraconstruction Ltd            BG                CRISIL A4+    1250   Assigned
Canbank Factors Ltd                    ST Debt Programme CRISIL A1+    2000   Reaffirmed
Chamong Tee Exports Pvt Ltd            Foreign Usance    CRISIL A4+    250    Reaffirmed
                                       Bills Purchase -
                                       Discounting
Chamong Tee Exports Pvt Ltd            Packing Credit    CRISIL A4+    250    Reaffirmed
Chamong Tee Exports Pvt Ltd            Proposed NFBL     CRISIL A4+    109    Reaffirmed
Chartered Speed Ltd                    BG                CRISIL A4+    310    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3+)
Chemcoat India Enterprise Pvt Ltd      LOC               CRISIL A4     45     Reaffirmed
(Issuer Not Cooperating)
Classicon Construction India Pvt Ltd   BG                CRISIL A4     45     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
CMS Computers Ltd                      BG                CRISIL A3     950    Reaffirmed
Coimbatore Polytex Pvt Ltd             Export Packing    CRISIL A1+    350    Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Corrtech International Pvt Ltd         BG                CRISIL A3     999.9  Reaffirmed
Corrtech International Pvt Ltd         LOC               CRISIL A3     310    Reaffirmed
Creative Tours And Travel (India) Pvt  BG                CRISIL A4+    70     Reaffirmed
Ltd
(Issuer Not Cooperating)
Damara Gold Pvt Ltd                    Proposed BG       CRISIL A4+    30     -
(Downgraded from 'CRISIL A3+')
Dhoot Compack Pvt Ltd                  BG                CRISIL A2     17.5   -
(Upgraded from 'CRISIL A3+')
Dhoot Compack Pvt Ltd                  LOC               CRISIL A2     7.5    -
(Upgraded from 'CRISIL A3+')
Diana Tea Co Ltd                       BG                CRISIL A3     9.5    Reaffirmed
Driplex Water Engineering Pvt Ltd      BG                CRISIL A2+    2250   Reaffirmed
(Issuer Not Cooperating)
Driplex Water Engineering Pvt Ltd      LOC               CRISIL A2+    850    Reaffirmed
(Issuer Not Cooperating)
Electrotech                            BG                CRISIL A4+    6      Reaffirmed
(Issuer Not Cooperating)
Fabrico India Pvt Ltd                  BG                CRISIL A4+    335    Reaffirmed
(Issuer Not Cooperating)
Fabrico India Pvt Ltd                  Proposed BG       CRISIL A4+    65     Reaffirmed
(Issuer Not Cooperating)
Fauji Exim Pvt Ltd                     Packing Credit    CRISIL A4     190    Reaffirmed
(Issuer Not Cooperating)
Fauji Exim Pvt Ltd                     Proposed ST Bk    CRISIL A4     210    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Fine Handling And Automation Pvt Ltd   BG                CRISIL A4+    24     Reaffirmed
GMM Pfaudler Ltd                       BG*               CRISIL A1+    300    Reaffirmed
(*Fully interchangeable with each other. (Placed on 'Rating Watch with Developing
Implications'))
GMM Pfaudler Ltd                       BG                CRISIL A1+    300    Reaffirmed
(Placed on 'Rating Watch with Developing Implications')
GMM Pfaudler Ltd                       LOC*              CRISIL A1+    200    Reaffirmed
(*Fully interchangeable with each other. (Placed on 'Rating Watch with Developing
Implications'))
Goa Shipyard Ltd                       BG                CRISIL A1+    1000   Reaffirmed
Goa Shipyard Ltd                       LOC               CRISIL A1+    600    Reaffirmed
Goa Shipyard Ltd                       Non-FBL           CRISIL A1+    900    Reaffirmed
Godavari Mega Aqua Food Park Pvt Ltd   Packing Credit    CRISIL A4+    100    Reassigned
Green Mobiles                          Purchase Bill     CRISIL A3+    150    Assigned
                                       Discounting
Green Mobiles                          BG                CRISIL A3+    500    Assigned
Gujarat Raffia Industries Ltd          LOC               CRISIL A4+    30     Reaffirmed
(Issuer Not Cooperating)
Health-Tech Chhattisgarh Pvt Ltd       Capex LOC         CRISIL A4     48     -
(Issuer Not Cooperating)
Hoshiarpur Automobiles                 BG                CRISIL A4+    32.5   Reaffirmed
(Issuer Not Cooperating)
Hule Constructions Pvt Ltd             BG                CRISIL A4+    200    Assigned
IIFL Facilities Services Ltd           CP Programme      CRISIL A1+    50000  Reaffirmed
IIFL Facilities Services Ltd           CP                CRISIL A1+    30000  Reaffirmed
IIFL Securities Ltd                    CP                CRISIL A1+    10500  Reaffirmed
Imaginarium (India) Pvt Ltd            Post Shipment     CRISIL A3     50     Reaffirmed
                                       Credit
Indo-National Ltd                      Bill Purchase     CRISIL A1     230    Reaffirmed
                                       Discounting Fac
J.C. Infra Corporation Ltd             Proposed NFBL     CRISIL A4+    134    Assigned
J.C. Infra Corporation Ltd             BG                CRISIL A4+    207    Assigned
Jai Balajee Security Services Pvt Ltd  BG                CRISIL A4     47.5   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Jama Corporation Pvt Ltd               Letter Of Guarantee CRISIL A4+  4.5    Reaffirmed
(Issuer Not Cooperating)
Jama Corporation Pvt Ltd               Packing Credit    CRISIL A4+    305    Reaffirmed
(Issuer Not Cooperating)
Jivraj Tea Ltd                         LOC               CRISIL A3+    30     Reaffirmed
K Seshagiri Rao and Company            BG                CRISIL A4+    30     Reaffirmed
(Issuer Not Cooperating)
Kamal Coach Works Pvt Ltd              BG                CRISIL A4     100    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Karnataka Roadlines Pvt Ltd            BG                CRISIL A3+    15     Assigned
(Assigned; Suspension Revoked)
Karnataka Roadlines Pvt Ltd            Bill Discounting  CRISIL A3+    150    Assigned
(Assigned; Suspension Revoked)
Kkalpana Industries (India) Ltd        LOC & BG          CRISIL A2+    5350   Reaffirmed
KMR Estates and Builders Pvt Ltd       Overdraft         CRISIL A4     30     Reaffirmed
Kotak Mahindra Bank Ltd                CDs               CRISIL A1+    170000 Reaffirmed
Kriti Printers And Publishers Pvt Ltd  Overdraft         CRISIL A4     80     Reaffirmed
(Issuer Not Cooperating)
Krystal Integrated Services Pvt Ltd    BG                CRISIL A2     430    Reaffirmed
Krystal Integrated Services Pvt Ltd    Proposed ST Bk    CRISIL A2     350    Reaffirmed
                                       Loan Fac
KSA Educational and Charitable Trust   Overdraft         CRISIL A4     12     Assigned
(Assigned; Suspension Revoked)
Lanarsy Infra Ltd                      BG                CRISIL A4+    50     Reaffirmed
(Issuer Not Cooperating)
Mahatma Gandhi Mission                 BG                CRISIL A1     200    Reaffirmed
Mahatma Gandhi Mission                 Overdraft         CRISIL A1     200    Reaffirmed
Mahindra and Mahindra Financial        ST Bk Fac         CRISIL A1+    18000  Reaffirmed
Services Ltd
Mahindra and Mahindra Financial        CP Programme      CRISIL A1+    85000  Reaffirmed
Services Ltd
Mars Tea India Pvt Ltd                 BG                CRISIL A4     3.1    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Marymatha Infrastructure Pvt Ltd       BG                CRISIL A4+    1440   Reaffirmed
Marymatha Infrastructure Pvt Ltd       LOC               CRISIL A4+    20     Reaffirmed
Namaste Airport Services Pvt Ltd       BG                CRISIL A4+    143    Assigned
Organic Coatings Ltd                   BG                CRISIL A4     17.5   Reaffirmed
(Issuer Not Cooperating)
Organic Coatings Ltd                   LOC               CRISIL A4     5      Reaffirmed
(Issuer Not Cooperating)
P.C. Snehal Construction Pvt Ltd       Overdraft         CRISIL A3+    10     Assigned
P.C. Snehal Construction Pvt Ltd       BG                CRISIL A3+    1395   Assigned
Pan Intellecom Ltd                     BG                CRISIL A4+    200    -
Perfect Infraengineers Ltd             BG                CRISIL A4     55     Reaffirmed
(Issuer Not Cooperating)
Perfect Infraengineers Ltd             LOC               CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Periwal Polymers Pvt Ltd               Import LOC Limit  CRISIL A4+    10     Assigned
Premier Cotton Textiles                Export Packing    CRISIL A1+    367.5  Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Premier Fine Linens Pvt Ltd            Export Packing    CRISIL A1+    1300   Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Premier Mills Pvt Ltd                  Export Packing    CRISIL A1+    100    Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Premier Spinning and Weaving Mills Pvt Export Packing    CRISIL A1+    547    Reaffirmed
Ltd                                    Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Premier Spinning and Weaving Mills Pvt LOC               CRISIL A1+    18     Reaffirmed
Ltd
Prima Products Pvt Ltd                 BG                CRISIL A1+    15     Reaffirmed
Prima Products Pvt Ltd                 Export Packing    CRISIL A1+    250    Reaffirmed
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Psychotropics India Ltd                LOC               CRISIL A3+    10     Reaffirmed
R. N. Dobariya                         BG                CRISIL A2     1290   Reaffirmed
Raja Construction                      BG                CRISIL A4     95     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Rajshri Constructions                  BG                CRISIL A4     42.5   Reaffirmed
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                 BG                CRISIL A4     2.5    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
RCN Constructions Pvt Ltd              BG                CRISIL A4+    100    Reaffirmed
RR Kabel Ltd                           Non-FBL           CRISIL A1+    215    Reaffirmed
RX Infotech Pvt Ltd                    BG                CRISIL A3     90     Assigned
S K Bikes Pvt Ltd                      BG                CRISIL A4+    280    -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3')
S. K. B Builders India Ltd             BG                CRISIL A3     490    -
(Upgraded from 'CRISIL A4+')
Sachdeva Metal Works                   BG                CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd           BG                CRISIL A4     35     Reaffirmed
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd           LOC               CRISIL A4     95     Reaffirmed
(Issuer Not Cooperating)
Samrudh Pharmaceuticals Pvt Ltd        BG                CRISIL A4+    10     -
(Downgraded from 'CRISIL A3')
Samrudh Pharmaceuticals Pvt Ltd        LOC               CRISIL A4+    10     -
(Downgraded from 'CRISIL A3')
Sanjay Trade Corporation               Foreign LOC       CRISIL A4+    300    Assigned
Sanyasihat Tea Processing Pvt Ltd      BG                CRISIL A4     4      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sarda Metals and Alloys Ltd            BG                CRISIL A3+    98     Reaffirmed
Sarda Metals and Alloys Ltd            LOC               CRISIL A3+    1770   Reaffirmed
Sarda Metals and Alloys Ltd            LOC*              CRISIL A3+    300    Reaffirmed
(* Interchangeable with Standby letter of credit, Bank guarantee for buyers credit, Bank
guarantee (Financial/Performance))
Sarodamoni Tea Company Pvt Ltd         BG                CRISIL A4     2.5    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sarveshwar Foods Ltd                   Packing Credit    CRISIL A4+    50     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3)
Sarveshwar Overseas Ltd                Packing Credit    CRISIL A4+    50     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A3)
Sharda Road Lines                      BG                CRISIL A4     60     Reaffirmed
(Issuer Not Cooperating)
Sharma Orthopedic (India) Pvt Ltd      Packing Credit in CRISIL A4     22.5   -
                                       Foreign Currency
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Shiv Durga Constructions and           BG                CRISIL A4     80     Reaffirmed
Engineerings Pvt Ltd
(Issuer Not Cooperating)
Sitson India Pvt Ltd                   BG                CRISIL A4+    180    Reaffirmed
(Issuer Not Cooperating)
SSG Techno Services Pvt Ltd            BG                CRISIL A4     16     Reaffirmed
Strawberry Ceramic Pvt Ltd             BG                CRISIL A4     15     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Sulphur Mills Ltd                      LOC*              CRISIL A1+    195    Reaffirmed
(*Sublimit of Rs 10 crore towards bank guarantees)
Sulphur Mills Ltd                      LOC#              CRISIL A1+    1050   Reaffirmed
(#Sublimit of Rs 0.50 crore towards overdraft)
Suman Mfg. Works Ltd                   BG                CRISIL A4     2      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Suncity Enterprises                    BG                CRISIL A3     865    Reaffirmed
Swan Environmental Pvt Ltd             BG                CRISIL A4     150    -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Swan Environmental Pvt Ltd             LOC               CRISIL A4     20     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+)
Swarup Castings Pvt Ltd                LOC               CRISIL A4+    65     Reaffirmed
Tata Advanced Systems Ltd              Non-FBL           CRISIL A1+    5638.7 Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Tirupati Sarjan Ltd                    BG                CRISIL A4     380    Reaffirmed
(Issuer Not Cooperating)
Trans Conduct India                    BG                CRISIL A4     40     Reaffirmed
(Issuer Not Cooperating)
U. P. Twiga Fiberglass Ltd             BG                CRISIL A1     20     Reaffirmed
U. P. Twiga Fiberglass Ltd             LOC               CRISIL A1     85     Reaffirmed
UCN Construction Company Pvt Ltd       BG                CRISIL A3     150    Reaffirmed
Welspun Corp Ltd                       BG                CRISIL A1+    10330  Reaffirmed
Welspun Corp Ltd                       LOC               CRISIL A1+    34900  Reaffirmed
Welspun Corp Ltd                       Proposed LOC & BG CRISIL A1+    12120  Reaffirmed
Yogeshwar Timber Mart                  Overdraft         CRISIL A4     5.3    -
(Issuer Not Cooperating)
 

MEDIUM TERM RATINGS:
-------------------
Atlas Cycles (Haryana) Ltd             FD                FD            300    -
(ISSUER NOT COOPERATING)
Kotak Mahindra Bank Ltd                FD                FAAA/Stable   -      Reaffirmed
Mahindra and Mahindra Financial        FD Programme      FAAA/Stable   -      Reaffirmed
Services Ltd
Sambandam Spinning Mills Ltd           FD                FB+/Stable    1190   -
 
Tata Sons Pvt Ltd                      FD Programme      FAAA/Stable   -      Reaffirmed
 
LONG TERM RATINGS:
-------------------
Aarkay Instruments Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aarti Hydro Power Pvt Ltd              Proposed LT Bk    -             60     Withdrawn
                                       Loan Fac
Aarti Hydro Power Pvt Ltd              LT Loan           CRISIL        40     Reaffirmed
                                                         B+/Stable
Aarti Hydro Power Pvt Ltd              TL                CRISIL        139    Assigned
                                                         B+/Stable
Abhiram Nirman India Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Aditya Birla Renewables SPV 1 Ltd      BG                CRISIL        30     Reaffirmed
                                                         AA/Stable
Aditya Birla Renewables SPV 1 Ltd      TL*               CRISIL        1850   Reaffirmed
                                                         AA/Stable
(*Including sub-limits by way of 
(i) a letter of credit (inland/foreign) facility up to Rs 185 crore, 
(ii) Standby letter of credit facility up to Rs 185 crore 
(iii) Overdraft up to Rs 25 crore) 
Aditya Birla Renewables SPV 1 Ltd      TL                CRISIL        743.2  Assigned
                                                         AA/Stable
Aditya Birla Renewables SPV 1 Ltd      Rupee TL#         CRISIL        290    Assigned
                                                         AA/Stable
(#Sublimit of LC/SBLC)
Aishwarya Chicken                      WC TL             CRISIL        28     Assigned
                                                         B+/Stable
Aishwarya Chicken                      CC                CRISIL        105    Assigned
                                                         B+/Stable
Aishwarya Chicken                      TL                CRISIL        7      Assigned
                                                         B+/Stable
Akash Dyeing and Printing Mills Pvt Ltd WC TL             CRISIL        7.8    Assigned
                                                         BB-/Stable
Akash Dyeing and Printing Mills Pvt Ltd Proposed LT Bk   CRISIL        84     Assigned
                                       Loan Fac          BB-/Stable
Akash Dyeing and Printing Mills Pvt Ltd CC               CRISIL        20     Assigned
                                                         BB-/Stable
Akash Dyeing and Printing Mills Pvt Ltd LT Loan          CRISIL        28.2   Assigned
                                                         BB-/Stable
Akshaya Builders                       CC                CRISIL        100    Reaffirmed
                                                         BB-/Stable
Alacrity Securities Ltd                Overdraft         CRISIL        110    -
                                                         B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Alacrity Securities Ltd                Proposed LT Bk    CRISIL        5      -
                                       Loan Fac          B+/Stable
(Downgraded from 'CRISIL BB-/Stable')
Al-Fas Trading International Pvt Ltd   Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Ameya Logistics Pvt Ltd                Corporate Credit  CCR A/Stable  -      -
                                       Rating 
(Renewed and Reaffirmed)
Amrutvahini Sheti and Shikshan Vikas   CC                CRISIL        75     Reaffirmed
Sanstha                                                  BBB-/Stable
Amrutvahini Sheti and Shikshan Vikas   Proposed LT Bk    CRISIL        75     Reaffirmed
Sanstha                                Loan Fac          BBB-/Stable
Anandji Haridas and Co. Pvt Ltd        Bill Discounting  CRISIL        10.1   Reaffirmed
                                                         BBB-/Negative
Anandji Haridas and Co. Pvt Ltd        CC                CRISIL        110    Reaffirmed
                                                         BBB-/Negative
Anandji Haridas and Co. Pvt Ltd        TL                CRISIL        41.2   Reaffirmed
                                                         BBB-/Negative
Anantha Refinery Pvt Ltd               CC                -             65.2   Withdrawn
Anantha Refinery Pvt Ltd               Proposed FB Bk    -             14.8   Withdrawn
                                       Limits
Anisha Impex Ltd                       CC                CRISIL        70     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Anisha Impex Ltd                       Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Antony Commercial Vehicles Pvt Ltd     CC                CRISIL        240    Reaffirmed
                                                         BB/Stable
Antony Commercial Vehicles Pvt Ltd     Electronic Dealer CRISIL        350    Reaffirmed
                                       Financing         BB/Stable
                                       Scheme(e-DFS)
Antony Commercial Vehicles Pvt Ltd     Inventory Funding CRISIL        370    Reaffirmed
                                       Fac               BB/Stable
Antony Commercial Vehicles Pvt Ltd     Proposed LT Bk    CRISIL        9.4    Reaffirmed
                                       Loan Fac          BB/Stable
Antony Commercial Vehicles Pvt Ltd     TL                CRISIL        10.6   Reaffirmed
                                                         BB/Stable
Antony Garage Pvt Ltd                  CC                CRISIL        250    -
                                                         BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
Antony Garage Pvt Ltd                  Proposed LT Bk    CRISIL        48.5   -
                                       Loan Fac          BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
Antony Garage Pvt Ltd                  TL                CRISIL        221.5  -
                                                         BB+/Stable
(Upgraded from 'CRISIL BB/Stable')
Antony Motors Pvt Ltd                  CC                CRISIL        100    Reaffirmed
                                                         BB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Antony Motors Pvt Ltd                  Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
Apex Suratgarh Multispeciality Hospital TL               CRISIL        63.6   Assigned
Pvt Ltd                                                  BB-/Stable
Apex Suratgarh Multispeciality Hospital Proposed WC Fac  CRISIL        21.2   Assigned
Pvt Ltd                                                  BB-/Stable
Armani Industries India Pvt Ltd        SME Gold Card     CRISIL        30     Assigned
                                                         BB-/Stable
Arogya Hospital and Research Centre    TL                CRISIL        82.9   Assigned
                                                         BB/Stable
Arul Industries                        Proposed LT Bk    -             24     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Arul Industries                        CC                CRISIL D      70     Reaffirmed
(Issuer Not Cooperating)
Arul Industries                        Foreign LOC       CRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
Arul Industries                        Packing Credit    CRISIL D      6      Reaffirmed
(Issuer Not Cooperating)
Asian Hotels (North) Ltd               CC                CRISIL        130    -
                                                         B-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL B/Stable)
Asian Hotels (North) Ltd               LT Loan           CRISIL        2414.1 -
                                                         B-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL B/Stable)
Asian Hotels (North) Ltd               Proposed FB Bk    CRISIL        1555.9 -
                                       Limits            B-/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL B/Stable)
AVP Constructions Pvt Ltd              CC                CRISIL        60     -
                                                         BB-/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
B.V.S. Distilleries Pvt Ltd            Proposed LT Bk    -             5      Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
B.V.S. Distilleries Pvt Ltd            LT Loan           CRISIL D      335    Reaffirmed
(Issuer Not Cooperating)
Bajaj Sindhudurg Rice Mills Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bank of India                          Tier II Bonds     CRISIL        60000  Reaffirmed
                                       (Under Basel III) AA+/Stable
Bank of India                          Upper Tier-II     CRISIL        10000  Reaffirmed
                                       Bonds (Under Basel AA+/Stable
                                       II)
Bank of India                          Perpetual Tier-I  CRISIL        3000   Reaffirmed
                                       Bonds (Under Basel AA+/Stable
                                       II)
Best Paper Mills Pvt Ltd               CC                CRISIL        360    Reaffirmed
                                                         BBB+/Stable
Best Paper Mills Pvt Ltd               Proposed LT Bk    CRISIL        175.5  Reaffirmed
                                       Loan Fac          BBB+/Stable
Best Paper Mills Pvt Ltd               TL                CRISIL        220    Assigned
                                                         BBB+/Stable
Bhagyoday Agro Industries              CC                CRISIL        125    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Bhanwarlal Jhanwar and Sons            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bharat Cereals Pvt Ltd                 CC                CRISIL        180    Reaffirmed
                                                         BBB-/Stable
Bharat Cereals Pvt Ltd                 LT Loan           CRISIL        58     Reaffirmed
                                                         BBB-/Stable
Bharat Hitech (Cements) Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Bhumi Developers                       Proposed BG       -             50     Withdrawn
(Issuer Not Cooperating)
Bhumi Developers                       CC                CRISIL        40     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
BOB Financial Solutions Ltd            Corporate Credit  CCR AAA/Stable  -    Withdrawn
                                       Rating
Brahmaputra Cracker and Polymer Ltd    CC & WC demand    CRISIL        4500   Reaffirmed
                                       loan^             AA-/Positive
(^ Includes the following sub-limits:
1. LC limits (Inland & Foreign): Rs.90 Crore
2. BG limits (Inland): Rs. 10 Crore
3. Forward contract/ derivative li
Brahmaputra Cracker and Polymer Ltd    TL*               CRISIL        16990  Assigned
                                                         AA-/Positive
(* Includes sublimit of Rs. 500 crore for non-fund based facility)
Brigade Enterprises Ltd                Proposed LT Bk    CRISIL        3500   Reaffirmed
                                       Loan Fac          A/Stable
British Agro Products India Pvt Ltd    Proposed Overdraft-             50     Withdrawn
                                       Fac
(Issuer Not Cooperating)
British Agro Products India Pvt Ltd    Secured Overdraft CRISIL        50     Reaffirmed
                                       Fac               BB/Stable
(Issuer Not Cooperating)
Brojendra Plantation Pvt Ltd           CC                CRISIL        47.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Brojendra Plantation Pvt Ltd           Proposed LT Bk    CRISIL        0.5    -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Budge Budge Co. Ltd                    CC                CRISIL        140    -
                                                         BB-/Stable
(Downgraded from 'CRISIL BB+/Stable')
Budge Budge Co. Ltd                    LT Loan           CRISIL        42     -
                                                         BB-/Stable
(Downgraded from 'CRISIL BB+/Stable')
Budge Budge Co. Ltd                    WC TL             CRISIL        54     Assigned
                                                         BB-/Stable
(Downgraded from 'CRISIL BB+/Stable')
C. S. Infraconstruction Ltd            Overdraft         CRISIL        300    Assigned
                                                         BB/Stable
Canbank Factors Ltd                    Overdraft         CRISIL        3000   Reaffirmed
                                                         AA/Negative
Canbank Factors Ltd                    Proposed LT Bk    CRISIL        1000   Reaffirmed
                                       Loan Fac*         AA/Negative
(*interchangeable with short-term facility)
Cargo Solar Power (Gujarat) Pvt Ltd    Proposed LT Bk    CRISIL        1670   Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Cargo Solar Power (Gujarat) Pvt Ltd    Rupee TL          CRISIL        3480   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Century 21 Town Planners Pvt Ltd       Lease Rental      CRISIL        1950   Reaffirmed
                                       Discounting Loan  BBB/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Century 21 Town Planners Pvt Ltd       Project Loan      CRISIL        750    Reaffirmed
                                                         BBB/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Century 21 Town Planners Pvt Ltd       Proposed FB Bk    CRISIL        10     Reaffirmed
                                       Limits            BBB/Negative
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
Chartered Speed Ltd                    CC                CRISIL        170    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Negative)
Chartered Speed Ltd                    Drop Line         CRISIL        20     -
                                       Overdraft Fac     BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Negative)
Chemcoat India Enterprise Pvt Ltd      CC                CRISIL        5      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Chemcoat India Enterprise Pvt Ltd      Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Classicon Construction India Pvt Ltd   Proposed LT Bk    -             0.5    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Classicon Construction India Pvt Ltd   CC                CRISIL        19.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
CMS Computers Ltd                      CC                CRISIL        295    Reaffirmed
                                                         BBB-/Stable
CMS Computers Ltd                      Proposed LT Bk    CRISIL        5      Reaffirmed
                                       Loan Fac          BBB-/Stable
Coimbatore Polytex Pvt Ltd             LT Loan           CRISIL        147.9  Reaffirmed
                                                         AA-/Stable
Coimbatore Polytex Pvt Ltd             Proposed LT Bk    CRISIL        298.6  Reaffirmed
                                       Loan Fac          AA-/Stable
Corrtech International Pvt Ltd         CC                CRISIL        400    Reaffirmed
                                                         BBB-/Stable
Corrtech International Pvt Ltd         Funded Interest TL CRISIL       33.5   Reaffirmed
                                                         BBB-/Stable
Corrtech International Pvt Ltd         LT Loan           CRISIL        206.6  Reaffirmed
                                                         BBB-/Stable
Corrtech International Pvt Ltd         Proposed LT Bk    CRISIL        755.6  Reaffirmed
                                       Loan Fac          BBB-/Stable
Corrtech International Pvt Ltd         WC TL             CRISIL        544.4  Reaffirmed
                                                         BBB-/Stable
Corrtech International Pvt Ltd         NCD               CRISIL        1000   Reaffirmed
                                                         BBB-/Stable
Creative Tours And Travel (India) Pvt  CC                CRISIL        200    Reaffirmed
Ltd                                                      BB-/Stable
(Issuer Not Cooperating)
CreditAccess Grameen Ltd               Proposed LT Bk    CRISIL        5707.3 Reaffirmed
                                       Loan Fac          A+/Stable
CreditAccess Grameen Ltd               TL                CRISIL        14292.7Assigned
                                                         A+/Stable
CreditAccess Grameen Ltd               NCD               CRISIL        250    -
                                                         A+/Stable
Crystal Containers                     CC                -             30     Withdrawn
D D Cotton Pvt Ltd                     Warehouse Receipts CRISIL       500    Reaffirmed
                                                         BBB-/Stable
Damara Gold Pvt Ltd                    Proposed WC Fac   CRISIL        33     -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB/Negative')
Damara Gold Pvt Ltd                    Rupee TL          CRISIL        108    -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB/Negative')
Damara Gold Pvt Ltd                    WC Fac            CRISIL        690    -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB/Negative')
Dewan and Sons                         Export Packing    CRISIL        200    -
                                       Credit            BBB+/Stable
(Upgraded from 'CRISIL BBB/Stable')
Dewan and Sons                         Foreign Bill      CRISIL        100    -
                                       Purchase          BBB+/Stable
(Upgraded from 'CRISIL BBB/Stable')
Dewan and Sons                         Standby Line of   CRISIL        40     -
                                       Credit            BBB+/Stable
(Upgraded from 'CRISIL BBB/Stable')
Dhoot Compack Pvt Ltd                  CC                CRISIL        76.5   Reaffirmed
                                                         BBB/Stable
Dhoot Compack Pvt Ltd                  Proposed FB Bk    CRISIL        38.5   Reaffirmed
                                       Limits            BBB/Stable
Dhoot Compack Pvt Ltd                  TL                CRISIL        110    Reaffirmed
                                                         BBB/Stable
Diana Tea Co Ltd                       CC                CRISIL        230    Reaffirmed
                                                         BBB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Diana Tea Co Ltd                       TL                CRISIL        63     Reaffirmed
                                                         BBB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Driplex Water Engineering Pvt Ltd      CC                CRISIL        500    Reaffirmed
                                                         A-/Stable
(Issuer Not Cooperating)
Earthcon Universal Infratech Pvt Ltd   Proposed Rupee TL CRISIL D      250    Reaffirmed
(Issuer Not Cooperating)
Earthcon Universal Infratech Pvt Ltd   Rupee TL          CRISIL D      1000   Reaffirmed
(Issuer Not Cooperating)
Electrotech                            CC                CRISIL        12     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Electrotech                            Proposed LT Bk    CRISIL        42     Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Eon Kharadi Infrastructure Pvt Ltd     TL                CRISIL        11000  Assigned
                                                         AA/Stable
Euroamer Garuda Resorts (India) Pvt Ltd Proposed LT Bk   CRISIL        170    -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Fine Handling And Automation Pvt Ltd   CC                CRISIL        26     Reaffirmed
                                                         BB+/Stable
Fine Handling And Automation Pvt Ltd   TL                CRISIL        25     Reaffirmed
                                                         BB+/Stable
Gem Corpochem Pvt Ltd                  Proposed LT Bk    -             70     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Gem Corpochem Pvt Ltd                  CC                CRISIL        180    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
GMM Pfaudler Ltd                       CC                CRISIL AA-    200    Reaffirmed
(Placed on 'Rating Watch with Developing Implications')
Goa Shipyard Ltd                       CC                CRISIL        1000   Reaffirmed
                                                         AAA/Stable
Goa Shipyard Ltd                       Export Packing    CRISIL        500    Reaffirmed
                                       Credit            AAA/Stable
Goa Shipyard Ltd                       Foreign LOC       CRISIL        500    Reaffirmed
                                                         AAA/Stable
Goa Shipyard Ltd                       Overdraft         CRISIL        500    Reaffirmed
                                                         AAA/Stable
Godavari Mega Aqua Food Park Pvt Ltd   TL                CRISIL        450    -
                                                         BB/Stable
(Migrated from 'CRISIL B/Stable  ISSUER NOT COOPERATING')
Gopala Polyplast Ltd                   BG                CRISIL D      15     Reaffirmed
(Issuer Not Cooperating)
Gopala Polyplast Ltd                   CC                CRISIL D      472    Reaffirmed
(Issuer Not Cooperating)
Gopala Polyplast Ltd                   Proposed LT Bk    CRISIL D      14.6   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Gopala Polyplast Ltd                   TL                CRISIL D      274.1  Reaffirmed
(Issuer Not Cooperating)
Green Mobiles                          Proposed LT Bk    CRISIL        550    Assigned
                                       Loan Fac          BBB/Stable
Gujarat Raffia Industries Ltd          CC                CRISIL        80     Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Gujarat Raffia Industries Ltd          Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          BB/Stable
(Issuer Not Cooperating)
Gupta Rice Export                      Proposed ST Bk    -             40     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Gupta Rice Export                      CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Gupta Wood Products                    Foreign LOC       CRISIL        45     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Gupta Wood Products                    Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Gupta Wood Products                    Secured Overdraft CRISIL        15     Reaffirmed
                                       Fac               B+/Stable
(Issuer Not Cooperating)
GV Techparks Pvt Ltd                   Proposed LT Bk    CRISIL        1500   Assigned
                                       Loan Fac          A-/Stable
GV Techparks Pvt Ltd                   TL                CRISIL        13500  Assigned
                                                         A-/Stable
HDFC Bank Ltd                          Tier I bonds      CRISIL        150000 Reaffirmed
                                       (Under Basel III) AA+/Stable
HDFC Bank Ltd                          Infrastructure    CRISIL        300000 Reaffirmed
                                       Bonds             AAA/Stable
HDFC Bank Ltd                          Tier II Bonds     CRISIL        100000 Reaffirmed
                                       (Under Basel III) AAA/Stable
HDFC Bank Ltd                          Upper Tier II     CRISIL        11050  Withdrawn
                                       Bonds (Under Basel AAA/Stable
                                       II) 
Health-Tech Chhattisgarh Pvt Ltd       CC                -             20     Withdrawn
(Issuer Not Cooperating)
Health-Tech Chhattisgarh Pvt Ltd       Proposed CC Limit -             16.2   Withdrawn
(Issuer Not Cooperating)
Health-Tech Chhattisgarh Pvt Ltd       TL                CRISIL B/Stable 20   -
(Issuer Not Cooperating)
Healthway Hospitals Pvt Ltd            Proposed LT Bk    -             100    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Healthway Hospitals Pvt Ltd            TL                CRISIL        350    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Hillstone Granites Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Hindustan Engineering Training Centre  CC                CRISIL        320    Reaffirmed
                                                         BBB+/Stable
Hindustan Engineering Training Centre  Proposed LT Bk    CRISIL        70     Reaffirmed
                                       Loan Fac          BBB+/Stable
Hindustan Engineering Training Centre  TL                CRISIL        170    Assigned
                                                         BBB+/Stable
Hindustan Institute of Technology and  CC                CRISIL        350    Reaffirmed
Science                                                  BBB+/Stable
Hindustan Institute of Technology and  LT Loan           CRISIL        250    Reaffirmed
Science                                                  BBB+/Stable
Hindustan Institute of Technology and  Proposed LT Bk    CRISIL        75     Reaffirmed
Science                                Loan Fac          BBB+/Stable
Hoshiarpur Automobiles                 CC                CRISIL        59.5   Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Hoshiarpur Automobiles                 Drop Line         CRISIL        50     Reaffirmed
                                       Overdraft Fac     BB+/Stable
(Issuer Not Cooperating)
Hoshiarpur Automobiles                 LT Loan           CRISIL        13     Reaffirmed
                                                         BB+/Stable
(Issuer Not Cooperating)
Hule Constructions Pvt Ltd             CC                CRISIL        50     Assigned
                                                         BB/Stable
IEnergy Wind Farms (Theni) Pvt Ltd     Proposed LT Bk    -             103.1  Withdrawn
                                       Loan Fac
IEnergy Wind Farms (Theni) Pvt Ltd     CC                CRISIL C      15     Reaffirmed
IEnergy Wind Farms (Theni) Pvt Ltd     TL                CRISIL C      233.8  Reaffirmed
IEnergy Wind Farms (Theni) Pvt Ltd     WC TL             CRISIL C      48.1   Assigned
Imaginarium (India) Pvt Ltd            Packing Credit    CRISIL        50     Reaffirmed
                                                         BBB-/Stable
In4 Velocity Systems Pvt Ltd           Proposed FB Bk    -             61     Withdrawn
                                       Limits
(Issuer Not Cooperating)
In4 Velocity Systems Pvt Ltd           Secured Overdraft CRISIL        39     Reaffirmed
                                       Fac               B+/Stable
(Issuer Not Cooperating)
Indian Concretes                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Indian School of Business              Overdraft         CRISIL        600    Reaffirmed
                                                         AA/Stable
Indian School of Business              Proposed TL       CRISIL        1400   Reaffirmed
                                                         AA/Stable
Indo-National Ltd                      CC*               CRISIL A/Stable 470  Reaffirmed
(*Interchangeable with short-term debt and Bill discounting facility )
Isopleth Nickel Powders Pvt Ltd        Proposed LT Bk    CRISIL        99     Assigned
                                       Loan Fac          B/Stable
J.C. Infra Corporation Ltd             CC                CRISIL        89     Assigned
                                                         BB/Stable
Jai Balajee Security Services Pvt Ltd  Proposed LT Bk    -             2.5    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Jai Balajee Security Services Pvt Ltd  CC                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Jai Bharat Chemicals                   Proposed LT Bk    CRISIL        25     Assigned
                                       Loan Fac          B+/Stable
Jai Bharat Chemicals                   CC                CRISIL        24     Assigned
                                                         B+/Stable
Jai Bharat Chemicals                   Foreign LOC       CRISIL        16     Assigned
                                                         B+/Stable
Jai Krishna Artec-J.V.                 Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Jama Corporation Pvt Ltd               Bill Discounting  CRISIL        350    -
                                                         BB/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB+/Negative)
Jama Corporation Pvt Ltd               CC                CRISIL        100    -
                                                         BB/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB+/Negative)
Jama Corporation Pvt Ltd               Rupee TL          CRISIL        85     -
                                                         BB/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BB+/Negative')
Jawa Plastech Pvt Ltd                  Proposed LT Bk    CRISIL        49     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Jawa Plastech Pvt Ltd                  TL                CRISIL        38.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jawa Plastech Pvt Ltd                  WC Fac            CRISIL        12.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jivraj Tea Ltd                         CC                CRISIL        150    Reaffirmed
                                                         BBB/Stable
Jivraj Tea Ltd                         Proposed CC Limit CRISIL        43.4   Reaffirmed
                                                         BBB/Stable
Jivraj Tea Ltd                         TL                CRISIL        73.2   Reaffirmed
                                                         BBB/Stable
JMJ Finance Ltd                        Proposed LT Bk    CRISIL        100    -
                                       Loan Fac          BB-/Stable
(Downgraded from 'CRISIL BB/Stable')
K Seshagiri Rao and Company            CC                -             70     Withdrawn
(Issuer Not Cooperating)
K Seshagiri Rao and Company            Proposed LT Bk    -             400    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
K.P.R. Agros Poultries Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Kamal Coach Works Pvt Ltd              Proposed LT Bk    -             60     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Kamal Coach Works Pvt Ltd              CC                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Karnataka Roadlines Pvt Ltd            CC                CRISIL        500    Assigned
                                                         BBB/Stable
(Assigned; Suspension Revoked)
Kkalpana Industries (India) Ltd        CC                -             450    Withdrawn
Kkalpana Industries (India) Ltd        LOC & BG          -             550    Withdrawn
Kkalpana Industries (India) Ltd        Proposed LT Bk    -             305.8  Withdrawn
                                       Loan Fac
Kkalpana Industries (India) Ltd        CC                CRISIL        1470   Reaffirmed
                                                         A-/Stable
Kkalpana Industries (India) Ltd        TL                CRISIL        305.3  Assigned
                                                         A-/Stable
KMR Estates and Builders Pvt Ltd       Mortgage Loan Fac CRISIL        170    Reaffirmed
                                                         B/Stable
Kotak Mahindra Bank Ltd                Perpetual Non     CRISIL        5000   Reaffirmed
                                       Cumulative PS     AA+/Stable
Kotak Mahindra Bank Ltd                Lower Tier-II     CRISIL        3060   Reaffirmed
                                       Bonds (under Basel AAA/Stable
                                       II)*
(*Originally issued by erstwhile ING Vysya Bank)
Kotak Mahindra Bank Ltd                Lower Tier-II     CRISIL        1500   Reaffirmed
                                       Bonds (under Basel AAA/Stable
                                       II)
Kotak Mahindra Bank Ltd                Infrastructure    CRISIL        18000  Reaffirmed
                                       Bonds             AAA/Stable
Krishan Kumar and Co. - Kaithal        CC                CRISIL        300    Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Kriti Printers And Publishers Pvt Ltd  Proposed LT Bk    -             0.8    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Kriti Printers And Publishers Pvt Ltd  CC                CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kriti Printers And Publishers Pvt Ltd  TL                CRISIL        24.2   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Krystal Integrated Services Pvt Ltd    CC                CRISIL        402.5  Reaffirmed
                                                         BBB+/Stable
Krystal Integrated Services Pvt Ltd    LT Loan           CRISIL        250    Reaffirmed
                                                         BBB+/Stable
Krystal Integrated Services Pvt Ltd    Proposed LT Bk    CRISIL        447.5  Reaffirmed
                                       Loan Fac          BBB+/Stable
KSA Educational and Charitable Trust   Proposed LT Bk    CRISIL        6      Assigned
                                       Loan Fac          B+/Stable 
(Assigned; Suspension Revoked)
KSA Educational and Charitable Trust   TL                CRISIL        85     Assigned
                                                         B+/Stable 
(Assigned; Suspension Revoked)
L. G. Chaudhary                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Lanarsy Infra Ltd                      CC                CRISIL        100    Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Maa Janki Toofan Agro Industries Pvt Ltd Proposed LT Bk    -            37.5   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Maa Janki Toofan Agro Industries Pvt Ltd CC              CRISIL        9      Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Maa Janki Toofan Agro Industries Pvt Ltd TL              CRISIL        47.5   Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Maa Janki Toofan Agro Industries Pvt Ltd WC Loan         CRISIL        6      Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Maa Sanaka Cold Storage Pvt Ltd        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Maharaja Agrasen Hospital Charitable   Proposed LT Bk    CRISIL        950    Reaffirmed
Trust                                  Loan Fac          BBB+/Stable
Maharaja Agrasen Hospital Charitable   TL                CRISIL        550    Assigned
Trust                                                    BBB+/Stable
Mahatma Gandhi Mission                 Proposed LT Bk    CRISIL        640    Reaffirmed
                                       Loan Fac          A-/Positive
Mahatma Gandhi Mission                 Rupee TL          CRISIL        390    Reaffirmed
                                                         A-/Positive
Mahindra and Mahindra Financial        CC                CRISIL        18520  Reaffirmed
Services Ltd                                             AA+/Stable
Mahindra and Mahindra Financial        LT Bk Fac         CRISIL        140020 Reaffirmed
Services Ltd                                             AA+/Stable
Mahindra and Mahindra Financial        Proposed LT Bk    CRISIL        29890  Reaffirmed
Services Ltd                           Loan Fac          AA+/Stable
Mahindra and Mahindra Financial        NCDs              CRISIL        2016   Reaffirmed
Services Ltd                                             AA+/Stable
Mahindra and Mahindra Financial        Subordinated Debt CRISIL        6118   Reaffirmed
Services Ltd                           Programme         AA+/Stable
Mahindra and Mahindra Financial        Subordinated Debt CRISIL        1172   Withdrawn
Services Ltd                           Programme         AA+/Stable
Malabar Educational and Charitable Trust Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Malles Constructions Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mangalmay Foundation Trust             Overdraft         CRISIL        68     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Mangalmay Foundation Trust             Proposed LT Bk    CRISIL        42     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Mangalmay Foundation Trust             TL                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Manku Agro Tech Pvt Ltd                Proposed LT Bk    CRISIL        72     -
                                       Loan Fac          BBB/Stable
(Upgraded from 'CRISIL BBB-/Stable')
Mansi Share and Stock Advisors Pvt Ltd Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Mars Tea India Pvt Ltd                 CC                CRISIL        46.9   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Marymatha Infrastructure Pvt Ltd       CC                CRISIL        50     Reaffirmed
                                                         BB/Stable
Marymatha Infrastructure Pvt Ltd       CC/ Overdraft Fac CRISIL        240    Reaffirmed
                                                         BB/Stable
Motherland Garments Pvt Ltd            Proposed LT Bk    -             63.5   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Motherland Garments Pvt Ltd            CC                CRISIL        25     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Motherland Garments Pvt Ltd            LT Loan           CRISIL        11.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
MPJ Jewellers (GB) Pvt Ltd             CC                CRISIL        600    Reaffirmed
                                                         BBB/Stable
MRB Patiala Storage Pvt Ltd            TL                CRISIL        300    -
                                                         BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
N. K. Bhojani Pvt Ltd                  BG                CRISIL D      70     Reaffirmed
(Issuer Not Cooperating)
N. K. Bhojani Pvt Ltd                  CC                CRISIL D      195    Reaffirmed
(Issuer Not Cooperating)
N. K. Bhojani Pvt Ltd                  LOC               CRISIL D      7.5    Reaffirmed
(Issuer Not Cooperating)
N. K. Bhojani Pvt Ltd                  Proposed LT Bk    CRISIL D      48.9   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
N. K. Bhojani Pvt Ltd                  TL                CRISIL D      178.6  Reaffirmed
(Issuer Not Cooperating)
N. Prakash                             LT Loan           CRISIL        41.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
N. Prakash                             Overdraft         CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
N. Prakash                             Proposed LT Bk    CRISIL        8.5    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Namaste Airport Services Pvt Ltd       CC                CRISIL        50     Assigned
                                                         BB+/Stable
Namaste Airport Services Pvt Ltd       LT Loan           CRISIL        257    Assigned
                                                         BB+/Stable
Narnarayan Infrastructure Pvt Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Navarathna Housing Finance Ltd.        Proposed LT Bk    CRISIL        100    Reaffirmed
                                       Loan Fac          BB-/Stable
Nirman Estate Developers Pvt Ltd       CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Nirman Estate Developers Pvt Ltd       Proposed LT Bk    CRISIL        30     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Nirmitee Robotics India Ltd            Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Omkar Speciality Chemicals Ltd         Bill Discounting  CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
Omkar Speciality Chemicals Ltd         CC                CRISIL D      710    Reaffirmed
(Issuer Not Cooperating)
Omkar Speciality Chemicals Ltd         Corporate Loan    CRISIL D      500    Reaffirmed
(Issuer Not Cooperating)
Omkar Speciality Chemicals Ltd         LOC               CRISIL D      600    Reaffirmed
(Issuer Not Cooperating)
Organic Coatings Ltd                   CC                CRISIL        40     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Organic Coatings Ltd                   WC TL             CRISIL        32.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
P. Perichi Gounder Memorial Charitable CC/ Overdraft Fac CRISIL        150    Assigned
Trust                                                    B+/Stable
(Assigned; Suspension Revoked)
P.C. Snehal Construction Pvt Ltd       Proposed WC Fac   CRISIL        39     Assigned
                                                         BBB/Stable
P.C. Snehal Construction Pvt Ltd       CC                CRISIL        196    Assigned
                                                         BBB/Stable
Pan Intellecom Ltd                     CC                CRISIL        30     -
                                                         BB/Stable
Pan Intellecom Ltd                     WC Fac            CRISIL        10     -
                                                         BB/Stable
Panda and Company                      TL                CRISIL        150    Assigned
                                                         BB-/Stable
Pascos                                 CC                CRISIL        750    -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB-/Negative')
Pavna Industries Ltd                   CC                CRISIL        60     Reaffirmed
                                                         BB+/Stable
Pee Cee Cosma Sope Ltd                 CC                CRISIL        57.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Pee Cee Cosma Sope Ltd                 Proposed LT Bk    CRISIL        25     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Perfect Infraengineers Ltd             CC                CRISIL        60     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Perfect Infraengineers Ltd             Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B-/Stable
(Issuer Not Cooperating)
Perfect Infraengineers Ltd             TL                CRISIL        15     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Periwal Polymers Pvt Ltd               WC Fac            CRISIL        10     Assigned
                                                         BB/Stable
Periwal Polymers Pvt Ltd               Proposed LT Bk    CRISIL        10     Assigned
                                       Loan Fac          BB/Stable
Periwal Polymers Pvt Ltd               CC                CRISIL        40     Assigned
                                                         BB/Stable
Phifer India Pvt Ltd                   Line of Credit    CRISIL        15     Reaffirmed
                                                         BB-/Stable
PIL Pharmaceuticals Ltd                Proposed LT Bk    CRISIL        75     Reaffirmed
                                       Loan Fac          BBB/Stable
Prabha Construction Co.                Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prabhat Steel Industries               CC                CRISIL        100    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Pranami Builders Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Pranidhi Constructions Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Premier Cotton Textiles                LT Loan           CRISIL        329.4  Reaffirmed
                                                         AA-/Stable
Premier Cotton Textiles                Proposed LT Bk    CRISIL        336.6  Reaffirmed
                                       Loan Fac          AA-/Stable
Premier Fine Linens Pvt Ltd            LT Loan           CRISIL        1333.6 Reaffirmed
                                                         AA-/Stable
Premier Mills Pvt Ltd                  Export Packing    -             200    Withdrawn
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
Premier Mills Pvt Ltd                  Proposed LT Bk    -             2316.6 Withdrawn
                                       Loan Fac
Premier Spinning and Weaving Mills Pvt LT Loan           CRISIL        631    Reaffirmed
Ltd                                                      AA-/Stable
Premier Spinning and Weaving Mills Pvt Proposed LT Bk    CRISIL        1047.2 Reaffirmed
Ltd                                    Loan Fac          AA-/Stable
Prima Products Pvt Ltd                 LT Loan           CRISIL        64.4   Reaffirmed
                                                         AA-/Stable
Prima Products Pvt Ltd                 Proposed LT Bk    CRISIL        479.7  Reaffirmed
                                       Loan Fac          AA-/Stable
Primesteel Manufacture Pvt Ltd         Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Propellum Infotech Pvt Ltd             CC/ Overdraft Fac CRISIL        20     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
Propellum Infotech Pvt Ltd             Proposed LT Bk    CRISIL        131.6  Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Psychotropics India Ltd                CC                CRISIL        220    Reaffirmed
                                                         BBB/Stable
Psychotropics India Ltd                LT Loan           CRISIL        640    Reaffirmed
                                                         BBB/Stable
Punjab and Sind Bank                   Lower Tier-II     CRISIL        2000   Reaffirmed
                                       Bonds (under Basel AA/Negative
                                       II)
(Outlook revised from 'Stable)
Punjab and Sind Bank                   Tier II Bonds     CRISIL        5000   Reaffirmed
                                       (Under Basel III) AA/Negative
(Outlook revised from 'Stable)
Punjab and Sind Bank                   Tier II Bonds     CRISIL        5000   Reaffirmed
                                       (Under Basel III) AA/Negative
(Outlook revised from 'Stable)
R. N. Dobariya                         Overdraft         CRISIL        50     Reaffirmed
                                                         BBB+/Stable
Raghuram Industries                    Proposed LT Bk    -             6      Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Raghuram Industries                    CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Raja Construction                      Proposed LT Bk    CRISIL        35     -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rajan Overseas Inc.                    Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Rajshri Constructions                  Overdraft         CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rajshri Constructions                  Proposed LT Bk    CRISIL        7.5    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Rathi Dye Chem Pvt Ltd                 CC                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rathi Dye Chem Pvt Ltd                 Overdraft         CRISIL        30     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Rathi Dye Chem Pvt Ltd                 Proposed TL       CRISIL        30     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
RKS Cotton Pvt Ltd                     CC                CRISIL        30     Reaffirmed
                                                         BB-/Stable
RKS Cotton Pvt Ltd                     Proposed FB Bk    CRISIL        70     Reaffirmed
                                       Limits            BB-/Stable
Royal Chains Pvt Ltd                   CC                CRISIL        555    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Royal Chains Pvt Ltd                   Proposed TL       CRISIL        145    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Royal Chains Pvt Ltd                   Standby Line of   CRISIL        50     -
                                       Credit            BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
RR Kabel Ltd                           FB Fac            CRISIL        1000   Reaffirmed
                                                         A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
RR Kabel Ltd                           FB Fac*           CRISIL        2750   Reaffirmed
                                                         A+/Stable
(*Interchangeable with CC/OD/WCDL/EIF/CBN/EBD/IIF/WCDL/PCFC/PSFC/EPC /EBD/PBD/PIF/LC/BG)
RR Kabel Ltd                           Proposed LT Bk    CRISIL        165    Reaffirmed
                                       Loan Fac          A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
RR Kabel Ltd                           TL                CRISIL        600    Reaffirmed
                                                         A+/Stable
(Outlook revised from 'Positive' and rating reaffirmed)
RX Infotech Pvt Ltd                    WC Demand Loan    CRISIL        76     Assigned
                                                         BBB-/Stable
RX Infotech Pvt Ltd                    Channel Financing CRISIL        150    Assigned
                                                         BBB-/Stable
RX Infotech Pvt Ltd                    CC                CRISIL        94     Assigned
                                                         BBB-/Stable
S K Bikes Pvt Ltd                      Bill Discounting  CRISIL        150    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
S K Bikes Pvt Ltd                      CC                CRISIL        225    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
S K Bikes Pvt Ltd                      Foreign LOC       CRISIL        50     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
S K Bikes Pvt Ltd                      LT Loan           CRISIL        5      -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
S. G. Agro Industries                  CC                CRISIL        95     Assigned
                                                         BB-/Stable
S. G. Agro Industries                  Proposed LT Bk    CRISIL        5      Assigned
                                       Loan Fac          BB-/Stable
S. K. B Builders India Ltd             CC                CRISIL        100    -
                                                         BBB-/Stable
(Upgraded from 'CRISIL BB+/Stable')
S. K. B Builders India Ltd             LT Loan           CRISIL        77.2   -
                                                         BBB-/Stable
(Upgraded from 'CRISIL BB+/Stable')
S. K. B Builders India Ltd             WC Demand Loan    CRISIL        32.8   -
                                                         BBB-/Stable
(Upgraded from 'CRISIL BB+/Stable')
S. Rajiv and Co.                       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
S.B. Syscon Pvt Ltd                    CC                CRISIL        125    Reaffirmed
                                                         BB-/Stable
S.L. Group and Associates              TL                CRISIL B/Stable 195  Reaffirmed
Sachdeva Metal Works                   CC                CRISIL        30     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Sachdeva Metal Works                   Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd           CC                CRISIL        548.5  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sambandam Spinning Mills Ltd           TL                CRISIL        210    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Samrudh Pharmaceuticals Pvt Ltd        Bill Discounting  CRISIL        15     -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Samrudh Pharmaceuticals Pvt Ltd        CC                CRISIL        60     -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Samrudh Pharmaceuticals Pvt Ltd        LT Loan           CRISIL        106.2  -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Sanjay Trade Corporation               CC                CRISIL        50     Assigned
                                                         BB-/Stable
Sanmati Jewellers                      Proposed LT Bk    -             60     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Sanmati Jewellers                      CC                CRISIL        90     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Sanyasihat Tea Processing Pvt Ltd      CC                CRISIL        45     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sanyasihat Tea Processing Pvt Ltd      Proposed LT Bk    CRISIL        14.9   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sanyasihat Tea Processing Pvt Ltd      TL                CRISIL        36.1   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sarda Metals and Alloys Ltd            CC                CRISIL        400    Reaffirmed
                                                         BBB/Stable
Sarda Metals and Alloys Ltd            CC#               CRISIL        100    Reaffirmed
                                                         BBB/Stable
(# Interchangeable with working capital demand loan, Bill discounting, export packing credit,
packing credit in foreign currency)
Sarda Metals and Alloys Ltd            Proposed LT Bk    CRISIL        393.9  Reaffirmed
                                       Loan Fac          BBB/Stable
Sarda Metals and Alloys Ltd            TL                CRISIL        2738.1 Reaffirmed
                                                         BBB/Stable
Sarodamoni Tea Company Pvt Ltd         CC                CRISIL        40     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sarodamoni Tea Company Pvt Ltd         Proposed LT Bk    CRISIL        41.5   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Sarodamoni Tea Company Pvt Ltd         TL                CRISIL        16     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Saroj Landmark Realty LLP              Proposed LT Bk    CRISIL        250    Reaffirmed
                                       Loan Fac          BB+/Stable
Sarveshwar Foods Ltd                   CC                CRISIL        800    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Sarveshwar Foods Ltd                   Proposed LT Bk    CRISIL        25.2   -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Sarveshwar Foods Ltd                 Warehouse Financing CRISIL        14.8   -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Sarveshwar Overseas Ltd                Proposed LT Bk    CRISIL        90     -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Sarveshwar Overseas Ltd              Warehouse Financing CRISIL        250    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Sarveshwar Overseas Ltd                WC Fac            CRISIL        1000   -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable)
Sawansukha Jewellers Pvt Ltd           Gold Loan         CRISIL        250    Reaffirmed
                                                         BBB/Stable
Shalak Eatable Products Pvt Ltd        Standby Overdraft CRISIL D      15     Reaffirmed
                                       Fac
(Issuer Not Cooperating)
Shalak Eatable Products Pvt Ltd        TL                CRISIL D      146.6  Reaffirmed
(Issuer Not Cooperating)
Sharda Road Lines                      CC                CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sharda Road Lines                      Proposed BG       CRISIL        10     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sharma Orthopedic (India) Pvt Ltd      Proposed LT Bk    -             6.7    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Sharma Orthopedic (India) Pvt Ltd      CC                CRISIL        50     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Sharma Orthopedic (India) Pvt Ltd      TL                CRISIL        37.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Shiv Durga Constructions and           CC                CRISIL        27.5   Reaffirmed
Engineerings Pvt Ltd                                     B/Stable
(Issuer Not Cooperating)
Shiv Durga Constructions and           Proposed LT Bk    CRISIL        12.5   Reaffirmed
Engineerings Pvt Ltd                   Loan Fac          B/Stable
(Issuer Not Cooperating)
Shiv Durga Constructions and           TL                CRISIL        5      Reaffirmed
Engineerings Pvt Ltd                                     B/Stable
(Issuer Not Cooperating)
Shiv Gramoudyog Sansthan               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shree Jagdamba Agrico Exports Pvt Ltd  Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Shreeraj Developer LLP                 Proposed LT Bk    -             700    Withdrawn
                                       Loan Fac
Shri Rewa Rice Mills Pvt Ltd           Proposed LT Bk    -             5.5    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Shri Rewa Rice Mills Pvt Ltd           CC                CRISIL        70     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Shri Rewa Rice Mills Pvt Ltd           TL                CRISIL        74.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Sidhivinayak Filaments Pvt Ltd         CC                CRISIL        100    Reaffirmed
                                                         BBB-/Stable
Sidhivinayak Filaments Pvt Ltd         TL                CRISIL        80     Reaffirmed
                                                         BBB-/Stable
Sitson India Pvt Ltd                   CC                CRISIL        72.5   Reaffirmed
                                                         BB/Stable
(Issuer Not Cooperating)
Sree Narasimha Textiles Pvt Ltd        Export Packing    -             100    Withdrawn
                                       Credit & Export
                                       Bills Negotiation/Foreign Bill discounting
(Rating reaffirmed and Withdrawn)
Sree Narasimha Textiles Pvt Ltd        Proposed LT Bk    -             1119.2 Withdrawn
                                       Loan Fac
(Rating reaffirmed and Withdrawn)
Sreenidhi Raja Packing Solutions Pvt Ltd Rating Advisory  -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Sri Balaganapathy Spinning Mills       Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SSG Techno Services Pvt Ltd            CC                CRISIL        50     Reaffirmed
                                                         B/Stable
Star Trace Pvt Ltd                     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Strawberry Ceramic Pvt Ltd             CC                CRISIL        30     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Strawberry Ceramic Pvt Ltd             Proposed LT Bk    CRISIL        54.5   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Strawberry Ceramic Pvt Ltd             TL                CRISIL        25     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Sujan Industries                       CC                CRISIL        150    Reaffirmed
                                                         BBB-/Stable
Sujan Industries                       Proposed LT Bk    CRISIL        41.5   Reaffirmed
                                       Loan Fac          BBB-/Stable
Sujan Industries                       WC TL             CRISIL        30     Assigned
                                                         BBB-/Stable
Sujan Industries                       TL                CRISIL        28.5   Assigned
                                                         BBB-/Stable
Sulphur Mills Ltd                      Overdraft         CRISIL        10     Reaffirmed
                                                         AA-/Stable
Suman Mfg. Works Ltd                   CC                CRISIL        60     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suman Mfg. Works Ltd                   Proposed LT Bk    CRISIL        15.5   -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suman Mfg. Works Ltd                   TL                CRISIL        12.5   -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB+/Stable)
Suncity Enterprises                    CC                CRISIL        135    Reaffirmed
                                                         BBB-/Stable
Super Gases and Appliances Pvt Ltd     Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Suraj Mal Anil Kumar Pvt Ltd           Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
SVS Food Processors Pvt Ltd            CC                CRISIL        55     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
SVS Food Processors Pvt Ltd            Proposed CC Limit CRISIL        20     Reaffirmed
                                                         BB-/Stable
(Issuer Not Cooperating)
SVS Food Processors Pvt Ltd            Proposed LT Bk    CRISIL        25     Reaffirmed
                                       Loan Fac          BB-/Stable
(Issuer Not Cooperating)
Swan Environmental Pvt Ltd             Proposed LT Bk    -             45     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Swan Environmental Pvt Ltd             CC                CRISIL        45     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
Swarup Castings Pvt Ltd                CC                CRISIL        140    Reaffirmed
                                                         BB+/Stable
Swarup Castings Pvt Ltd                Proposed FB Bk    CRISIL        5      Reaffirmed
                                       Limits            BB+/Stable
Swarup Rolling Mills Ltd               CC                CRISIL        240    Reaffirmed
                                                         BB+/Stable
Swarup Rolling Mills Ltd               Proposed CC Limit CRISIL        30     Assigned
                                                         BB+/Stable
Swiss Singapore India Pvt Ltd          LOC#              -             450    Withdrawn
(# Interchangeable with cash credit/overdraft/WCDL/export finance to the extent of Rs 30 crore
and interchangeable with bank guarantee to the extent of R
Swiss Singapore India Pvt Ltd          Proposed NFBL     -             550    Withdrawn
Swiss Singapore India Pvt Ltd          LOC#              CRISIL        500    Reaffirmed
                                                         A/Stable
(# Interchangeable with cash credit/overdraft/WCDL/export finance to the extent of Rs 30 crore
and interchangeable with bank guarantee to the extent of R
Tata Advanced Materials Ltd            CC                CRISIL A+     75     Reaffirmed
(Continues on 'Rating Watch with Positive Implications')
Tata Advanced Materials Ltd            CC^               CRISIL A+     450    Reaffirmed
(^Fungible with non-fund based facilities.(Continues on 'Rating Watch with Positive
Implications'))
Tata Advanced Materials Ltd            CC@               CRISIL A+     750    Reaffirmed
 
Tata Advanced Materials Ltd            Non-FBL&          CRISIL A+     350    Reaffirmed
(&Fungible with fund-based limits up to Rs 30 crore. (Continues on 'Rating Watch with Positive
Implications'))
Tata Advanced Materials Ltd            Proposed LT Bk    CRISIL A+     35     Reaffirmed
                                       Loan Fac
 
Tata Advanced Materials Ltd            TL                CRISIL A+     1000   Reaffirmed
 
Tata Advanced Materials Ltd            Non-FBL           CRISIL A1     1090   Reaffirmed
 
Tata Advanced Systems Ltd              Foreign Currency TCRISIL AA-    804    Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Tata Advanced Systems Ltd              FB Fac            CRISIL AA-    5700   Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Tata Advanced Systems Ltd              TL                CRISIL AA-    2550   Reaffirmed
(Continues on 'Rating Watch with Developing Implications')
Tata Sons Pvt Ltd                      CP                CRISIL A1+    135000 Reaffirmed
Tata Sons Pvt Ltd                      Overdraft         CRISIL        500    Reaffirmed
                                                         AAA/Stable
Tata Sons Pvt Ltd                      NCDs              CRISIL        253590 Reaffirmed
                                                         AAA/Stable
Technovision Auto Components Pvt Ltd   CC                CRISIL        80     -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Technovision Auto Components Pvt Ltd   Proposed LT Bk    CRISIL        2.5    -
                                       Loan Fac          BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB/Stable)
Thakkar Popatlal Velji Sales Ltd       CC                CRISIL        250    Reaffirmed
                                                         BBB-/Stable
The Gujarat Cancer Society             BG                -             150    Withdrawn
(Rating reaffirmed and Withdrawn)
Tirupati Sarjan Ltd                    CC                CRISIL        220    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Tosoh India Pvt Ltd                    CC                CRISIL        130    Reaffirmed
                                                         BBB+/Stable
Trans Conduct India                    Proposed LT Bk    -             13.5   Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Trans Conduct India                    CC                CRISIL        65     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Trans Conduct India                    Secured Overdraft CRISIL        6.5    Reaffirmed
                                       against term      B/Stable
                                       deposits
(Issuer Not Cooperating)
U. P. Twiga Fiberglass Ltd             CC                CRISIL        50     Reaffirmed
                                                         A/Stable
U. P. Twiga Fiberglass Ltd             Proposed LT Bk    CRISIL        239    Reaffirmed
                                       Loan Fac          A/Stable
UCN Construction Company Pvt Ltd       CC                CRISIL        50     Reaffirmed
                                                         BBB-/Stable
UCO Bank                               Upper Tier-II     CRISIL        5000   Withdrawn
                                       Bonds (Under      A/Stable
                                       Basel II)
UCO Bank                               Lower Tier-II     CRISIL        10000  Reaffirmed
                                       Bonds (Under      A+/Stable
                                       Basel II)
UCO Bank                               Lower Tier-II     CRISIL        8000   Withdrawn
                                       Bonds (Under      A+/Stable
                                       Basel II)
UCO Bank                               CDs Programme     CRISIL A1+    100000 Reaffirmed
V M Yarns Pvt Ltd                      Proposed LT Bk    -             65     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
V M Yarns Pvt Ltd                      CC                CRISIL D      135    Reaffirmed
(Issuer Not Cooperating)
Valia Impex LLP                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Value Ingredients Pvt Ltd              Export Packing    CRISIL        80     Assigned
                                       Credit            BB/Stable
Verene Packaging LLP                   CC                CRISIL        9.5    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Verene Packaging LLP                   LT Loan           CRISIL        70     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Verene Packaging LLP                   Proposed LT Bk    CRISIL        20.5   Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Vikas Money Ltd                        Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Vimal Plastics - Delhi                 Proposed LT Bk    -             44     Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Vimal Plastics - Delhi                 CC                CRISIL B/Stable 20  -
(Issuer Not Cooperating)
Vimal Plastics - Delhi                 TL                CRISIL B/Stable 21   -
(Issuer Not Cooperating)
Vimal Plastics - Delhi                 WC Demand Loan    CRISIL B/Stable 15   -
(Issuer Not Cooperating)
Vishwanath Paper and Boards Ltd        CC                CRISIL        150    Assigned
                                                         BB/Stable
(Assigned; Suspension Revoked)
Welspun Corp Ltd                       CP                CRISIL A1+    5000   Reaffirmed
Welspun Corp Ltd                       CC                CRISIL        900    -
                                                         AA/Stable
(Upgraded from 'CRISIL AA-/Positive')
Welspun Corp Ltd                       NCD               CRISIL        9900   -
                                                         AA/Stable
 
Yantra Kaushalya Engineers Pvt Ltd     Packing Credit    CRISIL A4+    5      Assigned
Yantra Kaushalya Engineers Pvt Ltd     LOC               CRISIL A4+    210    Assigned
Yantra Kaushalya Engineers Pvt Ltd     WC TL             CRISIL        15     Assigned
                                                         BB+/Stable
Yantra Kaushalya Engineers Pvt Ltd     LT Loan           CRISIL        15     Assigned
                                                         BB+/Stable
Yantra Kaushalya Engineers Pvt Ltd     CC                CRISIL        50     Assigned
                                                         BB+/Stable
Yogeshwar Timber Mart                  CC                -             10     Withdrawn
(Issuer Not Cooperating)
Yogeshwar Timber Mart                  LOC               -             60     Withdrawn
(Issuer Not Cooperating)
Yogeshwar Timber Mart                  Proposed LT Bk    -             4.7    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Zycus Infotech Pvt Ltd                 CC/ Overdraft Fac CRISIL        127    -
                                                         BB+/Stable
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/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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