September 10, 2019 / 4:58 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Sep 10

    Sep 10 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 9, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amar Brothers Global Pvt Ltd            Export Packing     CRISIL A4+     140     Reaffirmed
                                        Credit
Amar Brothers Global Pvt Ltd            Foreign Bill       CRISIL A4+     87.5    Reaffirmed
                                        Purchase
Amar Brothers Global Pvt Ltd            Inland/Import LOC  CRISIL A4+     50      Reaffirmed
Chemtrols Samil India Pvt Ltd           BG                 CRISIL A4      20      Reaffirmed
G. V Pratap Reddy                       LOC & BG           CRISIL A4      40
Issuer Not Cooperating
Gajanan Industries Ltd                  LOC                CRISIL A4      120
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Gulf Engineers and Constructors Pvt Ltd BG                 CRISIL A4+     147     Reaffirmed
Gulf Engineers and Constructors Pvt Ltd LOC                CRISIL A4+     23      Reaffirmed
GVK Biosciences Pvt Ltd                 LOC@               CRISIL A1+     470     Reaffirmed
@Interchangeable with buyers' credit/bank guarantee
GVK Biosciences Pvt Ltd                 CP                 CRISIL A1+     500     Assigned
Hi-Tech Pipes Ltd                       LOC & BG           CRISIL A2      600     Reaffirmed
Hi-Tech Pipes Ltd                       CP                 CRISIL A2      250     Withdrawn
HMM Infra Ltd                           Letter Of GuaranteeCRISIL A3      256     Reaffirmed
J P Aviation Services Pvt Ltd           BG                 CRISIL A4+     100     Reaffirmed
J. K. Jain Contractor                   BG                 CRISIL A4+     40      Reaffirmed
Jay Jagdamba Forgings Pvt Ltd           BG                 CRISIL A4+     2.5     Reaffirmed
Jay Jagdamba Ltd                        BG                 CRISIL A3      10
Downgraded from 'CRISIL A3+'
Jay Jagdamba Ltd                        Foreign            CRISIL A3      498
                                        Discounting Bill
                                        Purchase
Downgraded from 'CRISIL A3+'
Jay Jagdamba Ltd                        Letter Of GuaranteeCRISIL A3      15
Downgraded from 'CRISIL A3+'
Jay Jagdamba Ltd                        LOC                CRISIL A3      170
Downgraded from 'CRISIL A3+'
Jay Jagdamba Ltd                        Packing Credit     CRISIL A3      1312
Downgraded from 'CRISIL A3+'
Jay Jagdamba Profile Pvt Ltd            BG                 CRISIL A4+     5
Downgraded from 'CRISIL A3'
Jay Jagdamba Profile Pvt Ltd            Export Bill        CRISIL A4+     30
                                        Purchase
                                        -Discounting
Downgraded from 'CRISIL A3'
Jay Jagdamba Profile Pvt Ltd            Packing Credit     CRISIL A4+     50
Downgraded from 'CRISIL A3'
Juneja Construction Pvt. Ltd.           BG                 CRISIL A4+     68      Reaffirmed
K. T. M. Maligai                        Overdraft          CRISIL A4      60
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
KCP Engineers Pvt Ltd                   BG                 CRISIL A3      30      Reaffirmed
Keshava Fabrics Pvt Ltd                 BG                 CRISIL A4      6.7
Issuer Not Cooperating
Keshava Fabrics Pvt Ltd                 LOC                CRISIL A4      10
Issuer Not Cooperating
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL A3+     1500    Reaffirmed
                                        Credit#
#Includes a sub limit of Rs. 60 crore of Packing Credit, Rs. 15 crore of Cash Credit, Rs. 15
crore of Working Capital Demand Loan and Rs. 75 crore of Bill Discounting of DDA sales
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL A3+     90      Reaffirmed
                                        Credit^
^Includes a sub limit of Packing Credit of Rs. 4.50 crore
Kodibail Import Export Pvt Ltd          Foreign LOC        CRISIL A4      20
Issuer Not Cooperating
MA Mahamaya Rice Mill Pvt Ltd           BG                 CRISIL A4      2.4
Issuer Not Cooperating
Manoj Cables Ltd                        BG                 CRISIL A4      50
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Motherson Sumi Systems Ltd              LOC & BG           CRISIL A1+     1000    Reaffirmed
Motherson Sumi Systems Ltd              Overdraft@@        CRISIL A1+     800     Reaffirmed
@@Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency and
Export Bill Discounting
Motherson Sumi Systems Ltd              Overdraft@         CRISIL A1+     450     Reaffirmed
@ Interchangeable with short term loan and Packing Credit in Foreign Currency
Motherson Sumi Systems Ltd              CP Programme       CRISIL A1+     1500    Reaffirmed
Nandanam Sanitaries                     LOC                CRISIL A4      120
Issuer Not Cooperating
Naran Lala Pvt Ltd                      BG                 CRISIL A4+     50      Reaffirmed
Naran Lala Pvt Ltd                      Proposed BG        CRISIL A4+     70      Reaffirmed
Nui Pulp and Paper Industries Pvt Ltd   Bill Discounting   CRISIL A4      50
                                        under LOC
Issuer Not Cooperating
Nui Pulp and Paper Industries Pvt Ltd   Packing Credit in  CRISIL A4      40
                                        Foreign Currency
Issuer Not Cooperating
Nui Pulp and Paper Industries Pvt Ltd   Proposed ST Bk     CRISIL A4      20
                                        Loan Fac
Issuer Not Cooperating
Oswal Minerals Ltd                      Inland/Import LOC  CRISIL A3      80      Reaffirmed
Ozone Research and Applications India   BG                 CRISIL A4+     22.5    Reaffirmed
Pvt Ltd
Prakash Flexibles Pvt Ltd               LOC                CRISIL A4+     11.5    Reaffirmed
R. M. Katore                            BG                 CRISIL A4      20
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
R. M. Katore                            Proposed BG        CRISIL A4      15
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
R.S. Infra - Transmission Ltd           BG                 CRISIL A4+     50      Reaffirmed
R.S. Infra - Transmission Ltd           LOC                CRISIL A4+     300     Reaffirmed
Raghunath Exports Company               Foreign Bill       CRISIL A4      60      Reaffirmed
                                        Purchase
Raghunath Exports Company               Packing Credit     CRISIL A4      40      Reaffirmed
Sanariya Ceramic LLP                    Proposed BG        CRISIL A4      8.5     Reaffirmed
Sandoz Merchants Pvt Ltd                BG                 CRISIL A4      30
Issuer Not Cooperating
Sento Vitrified LLP                     BG                 CRISIL A4+     11
Upgraded from 'CRISIL A4'
Shanti Enggicon Pvt Ltd                 BG                 CRISIL A3      480     Reaffirmed
Sharp Tanks and Structurals Pvt Ltd     BG                 CRISIL A4      260
Issuer Not Cooperating
Sharp Tanks and Structurals Pvt Ltd     LOC                CRISIL A4      50
Issuer Not Cooperating
Shree Jay Jagdamba Flanges Pvt Ltd      BG                 CRISIL A4+     2.5     Reaffirmed
Shree Jay Jagdamba Flanges Pvt Ltd      Foreign            CRISIL A4+     37.5    Reaffirmed
                                        Discounting Bill
                                        Purchase
Shree Jay Jagdamba Flanges Pvt Ltd      Packing Credit in  CRISIL A4+     73      Reaffirmed
                                        Foreign Currency
Sonas - Bangalore                       BG                 CRISIL A4      10
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
South City Projects (Kolkata) Ltd       BG                 CRISIL A4      123.6
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
South City Projects (Kolkata) Ltd       Overdraft          CRISIL A4      280
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Spark Electricals & Projects Pvt Ltd    BG                 CRISIL A4+     27      Reaffirmed
SPI Industries Pvt Ltd                  LOC                CRISIL A4      100
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Sri Balaji Timber Traders               LOC                CRISIL A4      100     Reaffirmed
Sri Durga Automotives                   BG                 CRISIL A4      30.5
Issuer Not Cooperating; Revised from 'CRISIL A4+ Issuer Not Cooperating'
Sri Siddhi Freezers and Exporters Pvt   Overdraft          CRISIL A4      1
Ltd
Issuer Not Cooperating
Sri Siddhi Freezers and Exporters Pvt   Packing Credit     CRISIL A4      130
Ltd
Issuer Not Cooperating
Sushee Hi-Tech Projects Pvt Ltd         BG                 CRISIL A4      168     Reaffirmed
Issuer Not Cooperating
Sushee Hi-Tech Projects Pvt Ltd         Overdraft          CRISIL A4      80      Reaffirmed
Issuer Not Cooperating
Svatantra Micro Housing Finance         ST Debt Issue      CRISIL A1+     1000    Reaffirmed
Corporation Ltd
Svatantra Microfin Pvt Ltd              ST Debt Issue      CRISIL A1+     1000    Reaffirmed
Tata Power Solar Systems Ltd            LOC & BG           CRISIL A1+     15200
Upgraded from 'CRISIL A1'
Tata Power Solar Systems Ltd            CP#                CRISIL A1+     6000
Reassigned from 'CRISIL A1+ (SO)'; #Guaranteed by Tata Power Company Ltd
Theji Electrical                        BG                 CRISIL A4+     85      Reaffirmed
UPL Ltd                                 LOC & BG           CRISIL A1+     6500    Reaffirmed
UPL Ltd                                 CP                 CRISIL A1+     13500   Reaffirmed
(Enhanced from Rs.1000 Crore)
Vishwakarma Scales Pvt Ltd              BG                 CRISIL A4      15      Reaffirmed

LONG TERM RATINGS:
-------------------
Amar Brothers Global Pvt Ltd            Proposed LT Bk     CRISIL BB+/    17.2    Reaffirmed
                                        Loan Fac           Stable
Amar Brothers Global Pvt Ltd            Standby Line of    CRISIL BB+/    10.3    Reaffirmed
                                        Credit             Stable
Chemtrols Samil India Pvt Ltd           CC                 CRISIL B-/     80      Reaffirmed
                                                           Stable
Ess Kay Fincorp Ltd                     NCD                CRISIL A/      1000    Assigned
                                                           Stable
Ess Kay Fincorp Ltd                     NCD                CRISIL A/      1000    Reaffirmed
                                                           Stable
Ess Kay Fincorp Ltd                     NCD                CRISIL A/      1500    Reaffirmed
                                                           Stable
Ess Kay Fincorp Ltd                     NCD                CRISIL A/      3000    Reaffirmed
                                                           Stable
Ess Kay Fincorp Ltd                     LT Principal       CRISIL PP-MLD  500     Reaffirmed
                                        Protected Market   Ar/ Stable
                                        Linked Debentures
G. V Pratap Reddy                       CC                 CRISIL B+/     20
                                                           Stable
Issuer Not Cooperating
G. V Pratap Reddy                       Proposed LT Bk     CRISIL B+/     40
                                        Loan Fac           Stable
Issuer Not Cooperating
Gajanan Industries Ltd                  CC                 CRISIL B+/     250
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Gehlot Enterprises Pvt Ltd              CC                 CRISIL BB+/    320     Reaffirmed
                                                           Stable
Gehlot Enterprises Pvt Ltd              LT Loan            CRISIL BB+/    40      Reaffirmed
                                                           Stable
Gehlot Enterprises Pvt Ltd              Proposed CC Limit  CRISIL BB+/    48      Reaffirmed
                                                           Stable
Goodway Chemicals Pvt Ltd               CC                 CRISIL BB/     130     Reaffirmed
                                                           Stable
Goodway Chemicals Pvt Ltd               Proposed FB Bk     CRISIL BB/     20      Reaffirmed
                                        Limits             Stable
Gulf Engineers and Constructors Pvt Ltd CC                 CRISIL BB/     80      Reaffirmed
                                                           Stable
Gulf Engineers and Constructors Pvt Ltd Standby Line of    CRISIL BB/     15      Assigned
                                        Credit             Stable
GVK Biosciences Pvt Ltd                 External           CRISIL A+/     550
                                        Commercial         Positive
                                        Borrowings
Outlook revised from 'Stable' and rating reaffirmed
GVK Biosciences Pvt Ltd                 Foreign Currency TLCRISIL A+/     21.3
                                                           Positive
Outlook revised from 'Stable' and rating reaffirmed
GVK Biosciences Pvt Ltd                 Proposed LT Bk     CRISIL A+/     470.7
                                        Loan Fac           Positive
Outlook revised from 'Stable' and rating reaffirmed
GVK Biosciences Pvt Ltd                 WC Fac*            CRISIL A+/     908
                                                           Positive
Outlook revised from 'Stable' and rating reaffirmed ; *Fully interchangeable with letter of
credit/buyers' credit/bank guarantee
GVK Biosciences Pvt Ltd                 WC Fac             CRISIL A+/     400
                                                           Positive
Outlook revised from 'Stable' and rating reaffirmed
GVK Biosciences Pvt Ltd                 TL                 CRISIL A+/     500
                                                           Positive
Outlook revised from 'Stable' and rating reaffirmed
GVK Biosciences Pvt Ltd                 NCD                CRISIL A+/     750     Assigned
                                                           Positive
HCO Infrastructure                      BG                 CRISIL D       20.2    Reaffirmed
Issuer Not Cooperating
HCO Infrastructure                      CC                 CRISIL D       13      Reaffirmed
Issuer Not Cooperating
HCO Infrastructure                      LT Loan            CRISIL D       38      Reaffirmed
Issuer Not Cooperating
HCO Infrastructure                      Proposed LT Bk     CRISIL D       8.8     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Hi-Tech Pipes Ltd                       CC                 CRISIL BBB+/   1475    Reaffirmed
                                                           Positive
Hi-Tech Pipes Ltd                       LT Loan            CRISIL BBB+/   235     Reaffirmed
                                                           Positive
HMM Infra Ltd                           CC                 CRISIL BBB-/   180     Reaffirmed
                                                           Stable
HMM Infra Ltd                           TL                 CRISIL BBB-/   14      Reaffirmed
                                                           Stable
J P Aviation Services Pvt Ltd           CC                 CRISIL BB/     80      Reaffirmed
                                                           Stable
J. K. Jain Contractor                   CC                 CRISIL BB-/    20      Reaffirmed
                                                           Stable
Jay Jagdamba Forgings Pvt Ltd           CC                 CRISIL BB+/    50
                                                           Negative
Outlook revised from 'Stable' and rating reaffirmed
Jay Jagdamba Forgings Pvt Ltd           TL                 CRISIL BB+/    160
                                                           Negative
Outlook revised from 'Stable' and rating reaffirmed
Jay Jagdamba Ltd                        CC                 CRISIL BBB-/   1120
                                                           Negative
Downgraded from 'CRISIL BBB/Stable'
Jay Jagdamba Ltd                        TL                 CRISIL BBB-/   375
                                                           Negative
Downgraded from 'CRISIL BBB/Stable'
Jay Jagdamba Profile Pvt Ltd            CC                 CRISIL BB+/    100
                                                           Negative
Downgraded from 'CRISIL BBB-/Stable'
Jay Jagdamba Profile Pvt Ltd            Proposed LT Bk     CRISIL BB+/    3.9
                                        Loan Fac           Negative
Downgraded from 'CRISIL BBB-/Stable'
Jay Jagdamba Profile Pvt Ltd            TL                 CRISIL BB+/    136.1
                                                           Negative
Downgraded from 'CRISIL BBB-/Stable'
Juneja Construction Pvt. Ltd.           CC                 CRISIL BB-/    30      Reaffirmed
                                                           Stable
K. T. M. Maligai                        Proposed LT Bk     CRISIL B+/     30
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Kakumanu Seeds                          Drop Line          CRISIL B+/     28.7
                                        Overdraft Fac      Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Kakumanu Seeds                          Proposed LT Bk     CRISIL B+/     43.8
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
KCP Engineers Pvt Ltd                   Overdraft          CRISIL BBB-/   300     Reaffirmed
                                                           Stable
KCP Engineers Pvt Ltd                   Proposed BG        CRISIL BBB-/   20      Reaffirmed
                                                           Stable
Keshava Fabrics Pvt Ltd                 CC                 CRISIL B+/     50
                                                           Stable
Issuer Not Cooperating
Keshava Fabrics Pvt Ltd                 LT Loan            CRISIL B+/     30
                                                           Stable
Issuer Not Cooperating
Keshava Fabrics Pvt Ltd                 Proposed LT Bk     CRISIL B+/     32.7
                                        Loan Fac           Stable
Issuer Not Cooperating
KGK Creations (India) Pvt. Ltd.         CC*                CRISIL BBB/    150     Reaffirmed
                                                           Negative
* Includes a sublimit of Working Capital Demand Loan of Rs.15 crore or equivalent USD & also
includes sub limit of Rs. 15 crore of Gold Loan.
KGK Creations (India) Pvt. Ltd.         CC & WC demand     CRISIL BBB/    150     Reaffirmed
                                        loan#              Negative
# Includes a sublimit of Bank Guarantee / standby letter of credit / Buyers's credit of Rs.5
crore and overdraft of Rs.15 crore
KGK Creations (India) Pvt. Ltd.         Overdraft^         CRISIL BBB/    230     Reaffirmed
                                                           Negative
^ Includes a sublimit of pre & post shipment financing of Rs.3 crore each, standby letter of
credit of Rs.15 crore, Gold Metal loan of Rs. 13.5 crore and Bank Guarant
KGK Creations (India) Pvt. Ltd.         Proposed LT Bk     CRISIL BBB/    370     Reaffirmed
                                        Loan Fac           Negative
KGK Diamonds (I) Pvt. Ltd.              Post Shipment      CRISIL BBB/    7200    Reaffirmed
                                        Credit*            Negative
*Includes a sub limit of Packing Credit of Rs. 360 crore, Rs. 720 crore of Packing Credit
against Unfinanced and non-overdue DDA & export bills and Rs. 150 crore of CC/WCDL against
domestic bills.
KGK Diamonds (I) Pvt. Ltd.              Proposed FB Bk     CRISIL BBB/    210     Reaffirmed
                                        Limits             Negative
KHR Infrastructures Pvt Ltd             Proposed LT Bk     CRISIL B+/     64.3
                                        Loan Fac           Stable
Issuer Not Cooperating
KHR Infrastructures Pvt Ltd             TL                 CRISIL B+/     10.7
                                                           Stable
Issuer Not Cooperating
Kodibail Import Export Pvt Ltd          CC                 CRISIL B/      40
                                                           Stable
Issuer Not Cooperating
Krishna Global Industries               CC                 CRISIL B+/     52.5
                                                           Stable
Downgraded from 'CRISIL BB-/Stable'
Krishna Global Industries               Proposed LT Bk     CRISIL B+/     77.5
                                        Loan Fac           Stable
Downgraded from 'CRISIL BB-/Stable'
Kumar Audyogik Vikas Pvt Ltd            CC                 CRISIL B-/     160
                                                           Stable
Issuer Not Cooperating
Kumar Audyogik Vikas Pvt Ltd            TL                 CRISIL B-/     30
                                                           Stable
M/S. Dipak J. Bhivare                   BG                 CRISIL D       15      Reaffirmed
Issuer Not Cooperating
M/S. Dipak J. Bhivare                   CC                 CRISIL D       105     Reaffirmed
Issuer Not Cooperating
M/S. Dipak J. Bhivare                   Proposed LT Bk     CRISIL D       1.2     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
MA Mahamaya Rice Mill Pvt Ltd           CC                 CRISIL B/      60
                                                           Stable
Issuer Not Cooperating
MA Mahamaya Rice Mill Pvt Ltd           TL                 CRISIL B/      19
                                                           Stable
Issuer Not Cooperating
Makson Industries Pvt Ltd               CC                 CRISIL B+/     70
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Makson Industries Pvt Ltd               TL                 CRISIL B+/     8.2
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Makson Industries Pvt Ltd               WC TL              CRISIL B+/     29.2
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Manoj Cables Ltd                        CC                 CRISIL B+/     300
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Manoj Cables Ltd                        Standby Line of    CRISIL B+/     30
                                        Credit             Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Motherson Sumi Systems Ltd              CC$                CRISIL AA+/    650     Reaffirmed
                                                           Stable
$ Interchangeable with Working Capital Demand Loan, Usance Letter of Credit, Pre and post
shipment limit
Motherson Sumi Systems Ltd              CC&                CRISIL AA+/    400     Reaffirmed
                                                           Stable
& Interchangeable with Foreign Bill Discounting, Packing Credit in Foreign Currency and Line of
credit for short term loans
Motherson Sumi Systems Ltd              CC%                CRISIL AA+/    400     Reaffirmed
                                                           Stable
%Interchangeable with Working Capital Demand Loan
Motherson Sumi Systems Ltd              CC#                CRISIL AA+/    300     Reaffirmed
                                                           Stable
#Interchangeable with Export Packing Credit, Foreign Bill Discounting and Foreign Bill Purchase
Motherson Sumi Systems Ltd              CC*                CRISIL AA+/    2500    Reaffirmed
                                                           Stable
*Interchangeable with Working Capital Demand Loan, Packing Credit in Foreign Currency, Foreign
Bill Purchase
Motherson Sumi Systems Ltd              Foreign Currency TLCRISIL AA+/    5521.4  Reaffirmed
                                                           Stable
Motherson Sumi Systems Ltd              LT Loan            CRISIL AA+/    5854.4  Reaffirmed
                                                           Stable
Motherson Sumi Systems Ltd              Proposed LT Bk     CRISIL AA+/    504.2   Reaffirmed
                                        Loan Fac           Stable
M-Tek Engineers                         CC                 CRISIL BB-/    62
                                                           Stable
Downgraded from 'CRISIL BB/Stable'
M-Tek Engineers                         TL                 CRISIL BB-/    18.6
                                                           Stable
Downgraded from 'CRISIL BB/Stable'
Mukti Firms Pvt Ltd                     CC                 CRISIL B-/     25
                                                           Stable
Issuer Not Cooperating
Mukti Firms Pvt Ltd                     LT Loan            CRISIL B-/     49
                                                           Stable
Issuer Not Cooperating
Mukti Firms Pvt Ltd                     WC Fac             CRISIL B-/     5
                                                           Stable
Issuer Not Cooperating
Mustang Services                        Open CC            CRISIL B+/     60
                                                           Stable
Issuer Not Cooperating
Mustang Services                        Proposed LT Bk     CRISIL B+/     30
                                        Loan Fac           Stable
Issuer Not Cooperating
Muthuraja Modern Rice Mill              CC                 CRISIL B+/     30
                                                           Stable
Issuer Not Cooperating
Muthuraja Modern Rice Mill              Proposed LT Bk     CRISIL B+/     10
                                        Loan Fac           Stable
Issuer Not Cooperating
Muthuraja Modern Rice Mill              TL                 CRISIL B+/     10
                                                           Stable
Issuer Not Cooperating
Nandanam Sanitaries                     CC                 CRISIL B+/     125
                                                           Stable
Issuer Not Cooperating
Nandanam Sanitaries                     Proposed LT Bk     CRISIL B+/     20.5
                                        Loan Fac           Stable
Issuer Not Cooperating
Nandanam Sanitaries                     TL                 CRISIL B+/     34.5
                                                           Stable
Issuer Not Cooperating
Naran Lala Pvt Ltd                      CC                 CRISIL BB/     30
                                                           Stable
Upgraded from 'CRISIL BB-/Stable'
Naveen Hotels Ltd                       LT Loan            CRISIL BB+/    400
                                                           Stable
Migrated from 'CRISIL BB+/Stable Issuer Not Cooperating'
Oswal Minerals Ltd                      CC                 CRISIL BBB-/   1390    Reaffirmed
                                                           Stable
Ozone Research and Applications India   CC                 CRISIL BB-/    50      Reaffirmed
Pvt Ltd                                                    Stable
Prakash Flexibles Pvt Ltd               CC                 CRISIL BB+/    51.5    Reaffirmed
                                                           Stable
Prakash Flexibles Pvt Ltd               LT Loan            CRISIL BB+/    37      Reaffirmed
                                                           Stable
R. M. Katore                            CC                 CRISIL B+/     46
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
R.S. Infra - Transmission Ltd           CC                 CRISIL BB+/    180     Reaffirmed
                                                           Stable
R.S. Infra - Transmission Ltd           Channel Financing  CRISIL BB+/    120     Reaffirmed
                                                           Stable
R.S. Infra - Transmission Ltd           TL                 CRISIL BB+/    50      Reaffirmed
                                                           Stable
RM Dairy Products LLP                   CC                 CRISIL B+/     80
                                                           Stable
Issuer Not Cooperating
RM Dairy Products LLP                   TL                 CRISIL B+/     149
                                                           Stable
Issuer Not Cooperating
S S M Foundation Trust For Educational  LT Loan            CRISIL D       44
and Social Development
Issuer Not Cooperating
S S M Foundation Trust For Educational  Overdraft          CRISIL D       16
and Social Development
Issuer Not Cooperating
S.K.P.V.V. Hindu High Schools Committee LT Loan            CRISIL B+/     20
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
S.K.P.V.V. Hindu High Schools Committee Secured Overdraft  CRISIL B+/     80
                                        Fac                Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Saffron Resources Pvt Ltd               CC                 CRISIL B+/     67.5
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Samarpan Laminates                      CC                 CRISIL B+/     30
                                                           Stable
Issuer Not Cooperating
Samarpan Laminates                      Proposed LT Bk     CRISIL B+/     15.9
                                        Loan Fac           Stable
Issuer Not Cooperating
Samarpan Laminates                      TL                 CRISIL B+/     4.1
                                                           Stable
Issuer Not Cooperating
Sanariya Ceramic LLP                    Proposed CC Limit  CRISIL B+/     30      Reaffirmed
                                                           Stable
Sanariya Ceramic LLP                    Proposed TL        CRISIL B+/     57      Reaffirmed
                                                           Stable
Sancheti Ornaments Pvt Ltd              CC                 CRISIL D       180
Issuer Not Cooperating
Sandoz Merchants Pvt Ltd                CC                 CRISIL B+/     35
                                                           Stable
Issuer Not Cooperating
Santhiram Wind Power Pvt Ltd            LT Loan            CRISIL B+/     75
                                                           Stable
Issuer Not Cooperating
Sardar Industries                       CC                 CRISIL B+/     80
                                                           Stable
Issuer Not Cooperating
Sardar Industries                       Proposed LT Bk     CRISIL B+/     2.5
                                        Loan Fac           Stable
Issuer Not Cooperating
Sardar Industries                       TL                 CRISIL B+/     17.5
                                                           Stable
Issuer Not Cooperating
Satyam Ispat (North East) Ltd           BG                 CRISIL D       5
Issuer Not Cooperating
Satyam Ispat (North East) Ltd           CC                 CRISIL D       209
Issuer Not Cooperating
Satyam Ispat (North East) Ltd           LOC                CRISIL D       95
Issuer Not Cooperating
Satyam Ispat (North East) Ltd           Proposed TL        CRISIL D       92
Issuer Not Cooperating
Satyam Ispat (North East) Ltd           WC TL              CRISIL D       139
Issuer Not Cooperating
Sento Vitrified LLP                     CC                 CRISIL BB-/    70
                                                           Stable
Upgraded from 'CRISIL B+/Stable'
Sento Vitrified LLP                     TL                 CRISIL BB-/    170
                                                           Stable
Upgraded from 'CRISIL B+/Stable'
SGM Packaging Industries                BG                 CRISIL D       12.5
Issuer Not Cooperating
SGM Packaging Industries                CC                 CRISIL D       35
Issuer Not Cooperating
SGM Packaging Industries                LOC                CRISIL D       2.5
Issuer Not Cooperating
SGM Packaging Industries                Proposed LT Bk     CRISIL D       20
                                        Loan Fac
Issuer Not Cooperating
SGM Packaging Industries                TL                 CRISIL D       5
Issuer Not Cooperating
Shanti Enggicon Pvt Ltd                 CC                 CRISIL BBB-/   70      Reaffirmed
                                                           Stable
Sharp Tanks and Structurals Pvt Ltd     CC                 CRISIL B+/     70
                                                           Stable
Issuer Not Cooperating
Shiv-Raj Plastics Pvt Ltd               CC                 CRISIL B+/     40
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Shiv-Raj Plastics Pvt Ltd               TL                 CRISIL B+/     45
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB/Stable Issuer Not Cooperating'
Shree Jay Jagdamba Flanges Pvt Ltd      CC                 CRISIL BB+/    37.5
                                                           Negative
Outlook revised from 'Stable' and rating reaffirmed
Shree Jay Jagdamba Flanges Pvt Ltd      TL                 CRISIL BB+/    119.5
                                                           Negative
Outlook revised from 'Stable' and rating reaffirmed
Shree Rajendra Agro Industries          CC                 CRISIL B+/     90
                                                           Stable
Issuer Not Cooperating
Shree Rajveer Polyfab Pvt Ltd           CC                 CRISIL BB-/    37      Reaffirmed
                                                           Stable
Shree Rajveer Polyfab Pvt Ltd           LT Loan            CRISIL BB-/    53      Reaffirmed
                                                           Stable
Shri Basaveshwar Veerashaiva            Proposed LT Bk     CRISIL BBB-/   30
Vidayavardhak Sangha                    Loan Fac           Stable
Upgraded from 'CRISIL BB+/Stable'
Shyamsundar Satyanarayan Textiles Pvt   CC                 CRISIL BB/     200     Reaffirmed
Ltd                                                        Stable
Siddham Jewels Pvt Ltd                  CC                 CRISIL D       50
Issuer Not Cooperating
Siddham Jewels Pvt Ltd                  Proposed LT Bk     CRISIL D       50
                                        Loan Fac
Issuer Not Cooperating
Sindhujaa Residency                     Proposed LT Bk     CRISIL B+/     50
                                        Loan Fac           Stable
Issuer Not Cooperating
Sivaram Yarns Pvt Ltd                   CC                 CRISIL D       90
Issuer Not Cooperating
Sivaram Yarns Pvt Ltd                   LT Loan            CRISIL D       155
Issuer Not Cooperating
SK. Chan Basha and Co                   Bill Discounting   CRISIL D       82.5
                                        under LOC
Issuer Not Cooperating
SK. Chan Basha and Co                   CC                 CRISIL D       50
Issuer Not Cooperating
Skandashree Jewel Creations             BG                 CRISIL D       10
Issuer Not Cooperating
Skandashree Jewel Creations             CC                 CRISIL D       90
Issuer Not Cooperating
Sonas - Bangalore                       CC                 CRISIL B+/     60
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sonas - Bangalore                       WC Demand Loan     CRISIL B+/     10
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
South City Projects (Kolkata) Ltd       TL                 CRISIL B+/     857.7
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Spark Electricals & Projects Pvt Ltd    Overdraft          CRISIL BB-/    40      Reaffirmed
                                                           Stable
SPI Industries Pvt Ltd                  CC                 CRISIL B+/     30
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
SPI Industries Pvt Ltd                  Proposed LT Bk     CRISIL B+/     80
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB+/Stable Issuer Not Cooperating'
Sree Bhaghyajyothi Agro Foods           CC                 CRISIL B+/     90
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sree Bhaghyajyothi Agro Foods           Key CC             CRISIL B+/     45
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sri Balaji Timber Traders               CC                 CRISIL B/      10      Reaffirmed
                                                           Stable
Sri Durga Automotives                   CC                 CRISIL B+/     145
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sri Siddhi Freezers and Exporters Pvt   Proposed LT Bk     CRISIL B+/     4
Ltd                                     Loan Fac           Stable
Issuer Not Cooperating
Srikara Packaging Pvt Ltd               CC                 CRISIL D       40
Issuer Not Cooperating
Srikara Packaging Pvt Ltd               LT Loan            CRISIL D       50
Issuer Not Cooperating
Starwood Techno Industries Pvt Ltd      CC                 CRISIL D       47
Issuer Not Cooperating
Starwood Techno Industries Pvt Ltd      Proposed LT Bk     CRISIL D       3
                                        Loan Fac
Issuer Not Cooperating
Starwood Techno Industries Pvt Ltd      TL                 CRISIL D       40
Issuer Not Cooperating
Suma Foods Pvt Ltd                      CC                 CRISIL D       80
Issuer Not Cooperating
Suma Foods Pvt Ltd                      TL                 CRISIL D       77.9
Issuer Not Cooperating
Sunrise Foam Product Pvt Ltd            CC                 CRISIL B+/     72
                                                           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sunrise Foam Product Pvt Ltd            Proposed LT Bk     CRISIL B+/     10.5
                                        Loan Fac           Stable
Issuer Not Cooperating; Revised from 'CRISIL BB-/Stable Issuer Not Cooperating'
Sushee Hi-Tech Projects Pvt Ltd         CC                 CRISIL B+/     2       Reaffirmed
                                                           Stable
Issuer Not Cooperating
Suvidhi Rayons Pvt Ltd                  CC                 CRISIL BB+/    100     Assigned
                                                           Stable
Svatantra Micro Housing Finance         Proposed LT Bk     CRISIL A+/     5500    Reaffirmed
Corporation Ltd                         Loan Fac           Stable
Svatantra Micro Housing Finance         NCD                CRISIL A+/     531     Assigned
Corporation Ltd                                            Stable
Svatantra Microfin Pvt Ltd              Proposed LT Bk     CRISIL A+/     10500   Reaffirmed
                                        Loan Fac           Stable
Svatantra Microfin Pvt Ltd              TL                 CRISIL A+/     4500    Reaffirmed
                                                           Stable
Svatantra Microfin Pvt Ltd              NCD                CRISIL A+/     750     Assigned
                                                           Stable
Tata Power Solar Systems Ltd            CC*                CRISIL AA-/    6600
                                                           Positive
Upgraded from 'CRISIL A+/Positive' ; *Fully interchangeable with letter of credit and bank
guarantee
Team Interventure Exports India Pvt Ltd Foreign Bill       CRISIL D       1270
                                        Purchase
Issuer Not Cooperating
Team Interventure Exports India Pvt Ltd Proposed ST Bk     CRISIL D       130
                                        Loan Fac
Issuer Not Cooperating
Texas Lifestyle Furniture Pvt Ltd       BG                 CRISIL D       10
Issuer Not Cooperating
Texas Lifestyle Furniture Pvt Ltd       CC                 CRISIL D       30
Issuer Not Cooperating
Texas Lifestyle Furniture Pvt Ltd       LT Loan            CRISIL D       43
Issuer Not Cooperating
Texas Lifestyle Furniture Pvt Ltd       Proposed LT Bk     CRISIL D       3
                                        Loan Fac
Issuer Not Cooperating
Theji Electrical                        CC                 CRISIL BB-/    65      Reaffirmed
                                                           Stable
Thrive Solar Energy Pvt Ltd             BG                 CRISIL D       5
Issuer Not Cooperating
Thrive Solar Energy Pvt Ltd             CC                 CRISIL D       170
Issuer Not Cooperating
Thrive Solar Energy Pvt Ltd             LOC                CRISIL D       20
Issuer Not Cooperating
Thrive Solar Energy Pvt Ltd             Proposed LT Bk     CRISIL D       37
                                        Loan Fac
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        CC                 CRISIL D       435
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        Export Packing     CRISIL D       520
                                        Credit
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        Foreign Bill       CRISIL D       175
                                        Purchase
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        Foreign Exchange   CRISIL D       50
                                        Forward
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        Proposed LT Bk     CRISIL D       35
                                        Loan Fac
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        Standby Line of    CRISIL D       105
                                        Credit
Issuer Not Cooperating
Tirupati Basmati Exports Pvt Ltd        TL                 CRISIL D       80
Issuer Not Cooperating
Track Components Ltd                    BG                 CRISIL D       7.5
Issuer Not Cooperating
Track Components Ltd                    CC                 CRISIL D       775
Issuer Not Cooperating
Track Components Ltd                    LOC                CRISIL D       310
Issuer Not Cooperating
Track Components Ltd                    TL                 CRISIL D       307.5
Issuer Not Cooperating
Trimurti Flour Mill Pvt Ltd             CC - Book Debt     CRISIL C       15
Issuer Not Cooperating
Trimurti Flour Mill Pvt Ltd             CC-Stock           CRISIL C       45
Issuer Not Cooperating
Trimurti Flour Mill Pvt Ltd             TL                 CRISIL C       30
Issuer Not Cooperating
UPL Ltd                                 CC#                CRISIL AA+/    11500   Reaffirmed
                                                           Negative
#Fully interchangeable between cash credit, working capital demand loan, foreign currency
non-resident (Bank) loans, packing credit in INR, packing credit in foreign currency, export
bill discounting in INR and foreign currency, buyer's credit for imports and domestic purchases,
and domestic sales bill discounting.
UPL Ltd                                 Proposed CC Limit  CRISIL AA+/    5000    Reaffirmed
                                                           Negative
UPL Ltd                                 Proposed LT Bk     CRISIL AA+/    2000    Reaffirmed
                                        Loan Fac**         Negative
**It can be converted into Non-Fund based facilities.
UPL Ltd                                 NCD                CRISIL AA+/    5000    Reaffirmed
                                                           Negative
Urvarak Abhikaran Neemuch Pvt Ltd       BG                 CRISIL D       35
Issuer Not Cooperating
Urvarak Abhikaran Neemuch Pvt Ltd       CC                 CRISIL D       60
Issuer Not Cooperating
Urvarak Abhikaran Neemuch Pvt Ltd       Proposed LT Bk     CRISIL D       67.5
                                        Loan Fac
Issuer Not Cooperating
Veekay Polycoats Ltd                    CC                 CRISIL D       665
Issuer Not Cooperating
Veekay Polycoats Ltd                    LOC                CRISIL D       660
Issuer Not Cooperating
Veekay Polycoats Ltd                    Proposed LT Bk     CRISIL D       443.9
                                        Loan Fac
Issuer Not Cooperating
Veekay Polycoats Ltd                    TL                 CRISIL D       256.1
Issuer Not Cooperating
Veekay Polycoats Ltd                    WC TL              CRISIL D       225
Issuer Not Cooperating
Vishal Infraglobal Pvt Ltd              BG                 CRISIL D       470
Issuer Not Cooperating
Vishal Infraglobal Pvt Ltd              CC                 CRISIL D       250
Issuer Not Cooperating
Vishwakarma Scales Pvt Ltd              CC                 CRISIL B+/     30
                                                           Stable
Upgraded from 'CRISIL B/Stable'
Vishwakarma Scales Pvt Ltd              Proposed LT Bk     CRISIL B+/     55
                                        Loan Fac           Stable
Upgraded from 'CRISIL B/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@thomsonreuters.com)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below