September 16, 2019 / 6:51 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Sep 16

    Sep 16 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 13, 2019.


COMPANY                                INSTRUMENT          RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                 ----------          ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Active Tools Pvt Ltd                    Packing Credit     CRISIL D       110     Downgraded
                                                                                  from CRISIL
                                                                                  A4+
Aerocon Buildwell Pvt Ltd               BG                 CRISIL A4      5       Migrated
(Issuer Not Cooperating)
Aerocon Buildwell Pvt Ltd               LOC                CRISIL A4      5       Migrated
(Issuer Not Cooperating)
Alinta Granito Pvt Ltd                  BG                 CRISIL A4+     32.5    Migrated
(Issuer Not Cooperating)
Andey Kasi Visweswara Rao               BG                 CRISIL A4+     55      Migrated
(Issuer Not Cooperating)
Arrow Powertech Pvt Ltd                 BG                 CRISIL A4+     15      Migrated
(Issuer Not Cooperating)
Arrow Powertech Pvt Ltd                 Inland/Import LOC  CRISIL A4+     75      Migrated
(Issuer Not Cooperating)
Ashwin Corporation                      LOC                CRISIL A4+     170     Migrated
(Issuer Not Cooperating)
Ashwin Corporation                      Proposed LOC       CRISIL A4+     130     Migrated
(Issuer Not Cooperating)
Avani Dyechem Industries                BG                 CRISIL A4+     0.2     Migrated
(Issuer Not Cooperating)
Avani Dyechem Industries                Foreign            CRISIL A4+     10      Migrated
                                        Discounting Bill
                                        Purchase
(Issuer Not Cooperating)
Avani Dyechem Industries                Inland/Import LOC  CRISIL A4+     6.5     Migrated
(Issuer Not Cooperating)
Ayurvet Ltd                             LOC & BG           CRISIL A2+     20      Reaffirmed
Buxa Dooars Tea Co. (India) Ltd         BG                 CRISIL A4      6       Migrated
(Issuer Not Cooperating)
Cochin Frozen Food Exports Pvt Ltd      Packing Credit     CRISIL A4      270     Migrated
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd     LOC                CRISIL A4      30      Migrated
(Issuer Not Cooperating)
Devendran Plastic Pvt Ltd               LOC                CRISIL A4      80      Reaffirmed
Devendran Plastic Pvt Ltd               LOC Bill           CRISIL A4      70      Reaffirmed
                                        Discounting
Devendran Plastic Pvt Ltd               Proposed ST Bk     CRISIL A4      6       Reaffirmed
                                        Loan Fac
Dipika Enterprise                       Packing Credit     CRISIL A4      38.4    Migrated
(Issuer Not Cooperating)
Ekta Enterprises - Bharatpur            Overdraft          CRISIL A4+     20      Assigned
Ekta Enterprises - Bharatpur            BG                 CRISIL A4+     104     Assigned
Embark Lifescience Pvt Ltd              Proposed ST Bk     CRISIL A4      2.9     Migrated from
                                        Loan Fac                                  CRISIL A4
(Issuer Not Cooperating)
Falcon Marine Exports Ltd               BG                 CRISIL A1+     150     Reaffirmed
Falcon Marine Exports Ltd               Export Packing     CRISIL A1+     2080    Reaffirmed
                                        Credit
Falcon Marine Exports Ltd               LOC                CRISIL A1+     5       Reaffirmed
Falcon Marine Exports Ltd               Post Shipment      CRISIL A1+     350     Reaffirmed
                                        Credit
G B Springs Pvt Ltd                     BG                 CRISIL A4+     40      Migrated
(Issuer Not Cooperating)
G B Springs Pvt Ltd                     LOC                CRISIL A4+     20      Migrated
(Issuer Not Cooperating)
Ganga Bag Udyog Pvt Ltd                 BG                 CRISIL A4+     30      Migrated
(Issuer Not Cooperating)
Ganga Bag Udyog Pvt Ltd                 LOC                CRISIL A4+     10      Migrated
(Issuer Not Cooperating)
George Mathew                           BG                 CRISIL A4      5       Migrated
(Issuer Not Cooperating)
Grand Auto Udyog Pvt Ltd                BG                 CRISIL A4      7       Migrated
(Issuer Not Cooperating)
Hawk Granito Pvt Ltd                    BG                 CRISIL A4      41      Migrated
(Issuer Not Cooperating)
Hmtd Engineering Pvt Ltd                Inland/Import LOC  CRISIL A4+     25      Migrated
(Issuer Not Cooperating)
Imsong Supplier and Co.                 BG                 CRISIL A4      20      Migrated
(Issuer Not Cooperating)
Indo Unique Flame Ltd                   BG                 CRISIL A4+     490     Migrated
(Issuer Not Cooperating)
Janani International Pvt Ltd            Foreign Bill       CRISIL A4+     50      Upgraded from
                                        Discounting                               CRISIL A4
Janani International Pvt Ltd            Packing Credit     CRISIL A4+     40      Upgraded from
                                                                                  CRISIL A4
Janani International Pvt Ltd            Standby LOC        CRISIL A4+     18      Upgraded from
                                                                                  CRISIL A4
KJS Cement(I) Ltd                       LOC                CRISIL A3+     150     Assigned
KJS Cement(I) Ltd                       BG                 CRISIL A3+     50      Assigned
La-Gajjar Machineris Pvt Ltd            LOC & BG           CRISIL A1      594.8
La-Gajjar Machineris Pvt Ltd            Proposed ST Bk     CRISIL A1      85.1
                                        Loan Fac
La-Gajjar Machineris Pvt Ltd            ST Bk Fac          CRISIL A1      20
Livolla Granito LLP                     BG                 CRISIL A4+     24      Reaffirmed
Phooltas Transrail Ltd                  BG                 CRISIL A4+     440     Upgraded from
                                                                                  CRISIL A4
Phooltas Transrail Ltd                  LOC                CRISIL A4+     20      Upgraded from
                                                                                  CRISIL A4
RCC Infra Ventures Ltd                  BG                 CRISIL D       1150    Downgraded
                                                                                  from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
RCC Infra Ventures Ltd                  Overdraft          CRISIL D       40      Downgraded
                                                                                  from CRISIL
                                                                                  A4+
(Issuer Not Cooperating)
RCC Eco-Build Systems Ltd               BG                 CRISIL D       150     Downgraded
                                                                                  from CRISIL
                                                                                  A4+/Stable 
(Issuer Not Cooperating)
RSSG Consortium Pvt Ltd                 BG                 CRISIL A4      50      Assigned
Shafeeq Shameel and Co.                 BG                 CRISIL A4+     2.5     Reaffirmed
Shafeeq Shameel and Co.                 Foreign Bill       CRISIL A4+     65      Reaffirmed
                                        Discounting
Shafeeq Shameel and Co.                 LOC                CRISIL A4+     20      Reaffirmed
Sumitra DS Motors Pvt Ltd               BG                 CRISIL A4      12      Reaffirmed
Tata Capital Ltd                        CP                 CRISIL A1+     20000   Reaffirmed
TD Power Systems Ltd                    BG                 CRISIL A2      1080    Reaffirmed
TD Power Systems Ltd                    LOC                CRISIL A2      580     Reaffirmed
Wevin Pvt Ltd                           BG                 CRISIL A4+     180     Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Wevin Pvt Ltd                           LOC                CRISIL A4+     20      Migrated from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)

LONG TERM RATINGS:
-------------------
Active Packaging                        CC                 CRISIL D       15      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Active Packaging                        LT Loan            CRISIL D       35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Active Tools Pvt Ltd                    CC                 CRISIL D       10      Downgraded
                                                                                  from CRISIL
                                                                                  BB/Stable
Active Tools Pvt Ltd                    LT Loan            CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  BB/Stable
Advance Decorative Laminate Pvt Ltd     CC                 CRISIL         80      Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Advance Tools and Forgings              CC                 CRISIL D       30      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Advance Tools and Forgings              LT Loan            CRISIL D       35      Downgraded
                                                                                  from CRISIL
                                                                                  BB-/Stable
Aerocon Buildwell Pvt Ltd               CC                 CRISIL B-      40      Migrated
(Issuer Not Cooperating)
Aerocon Buildwell Pvt Ltd               Proposed LT Bk     CRISIL B-      60      Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Aerocon Buildwell Pvt Ltd               TL                 CRISIL B-      85      Migrated
(Issuer Not Cooperating)
Agrawal Round Rolling Mills Ltd         Bill Discounting   CRISIL         5       Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Agrawal Round Rolling Mills Ltd         CC                 CRISIL         32.5    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Agrawal Round Rolling Mills Ltd         LT Loan            CRISIL         13.4    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Agrawal Round Rolling Mills Ltd         Proposed LT Bk     CRISIL         9.1     Migrated
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Akkavila Sajeenan Aggregates            CC                 CRISIL B+/     30      Migrated
(Issuer Not Cooperating)                                   Stable
Akkavila Sajeenan Aggregates            Proposed CC Limit  CRISIL B+/     10      Migrated
(Issuer Not Cooperating)                                   Stable
Alamelubalaji Spinning Mills Pvt Ltd    CC                 CRISIL         144.5   Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Alamelubalaji Spinning Mills Pvt Ltd    LT Loan            CRISIL         30      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Alamelubalaji Spinning Mills Pvt Ltd    Proposed LT Bk     CRISIL         16.8    Migrated
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Alinta Granito Pvt Ltd                  CC                 CRISIL         90      Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Alinta Granito Pvt Ltd                  LT Loan            CRISIL         155     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Alinta Granito Pvt Ltd                  Proposed LT Bk     CRISIL         142.5   Migrated
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Almondz Global Securities Ltd           Overdraft          CRISIL         525     Reaffirmed
                                                           BB+/Stable             and Withdrawn
Almondz Global Securities Ltd           Proposed LT Bk     CRISIL         495     Reaffirmed
                                        Loan Fac*          BB+/Stable             and Withdrawn
Amazon Technocast Pvt Ltd               CC                 CRISIL         20      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)*Interchangeable with short term bank facility
Amazon Technocast Pvt Ltd               TL                 CRISIL         41.2    Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Ambey Roller Flour Mills                CC                 CRISIL         60      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Andey Kasi Visweswara Rao               Proposed LT Bk     CRISIL         40      Migrated
                                        Loan Fac           BB/Stable
(Issuer Not Cooperating)
Andey Kasi Visweswara Rao               Secured Overdraft  CRISIL         5       Migrated
                                        Fac                BB/Stable
(Issuer Not Cooperating)
Anil Kumar Biswal                       BG                 CRISIL D       9       Migrated
(Issuer Not Cooperating)
Anil Kumar Biswal                       CC                 CRISIL D       85      Migrated
(Issuer Not Cooperating)
Anil Kumar Biswal                       LOC                CRISIL D       6       Migrated
(Issuer Not Cooperating)
Ankapalli Tollway Pvt Ltd               TL                 CRISIL AA-/    13536   Reassinged
                                                           Stable                 from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Arora Textiles Pvt Ltd                  CC                 CRISIL         80      Reaffirmed
                                                           BB/Stable
Arora Textiles Pvt Ltd                  Proposed FB Bk     CRISIL         41.5    Reaffirmed
                                        Limits             BB/Stable
Arrow Powertech Pvt Ltd                 Bill Discounting   CRISIL         5       Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Arrow Powertech Pvt Ltd                 CC                 CRISIL         20      Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Arrow Powertech Pvt Ltd                 Proposed LT Bk     CRISIL         65      Migrated
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Ashwin Corporation                      CC^                CRISIL         200     Migrated
                                                           BB+/Stable
(Issuer Not Cooperating)/^100% Interchangeability with letter of credit
Astra Rocks and Minerals Pvt Ltd        CC                 CRISIL         120     Migrated from
                                                           B/Stable               CRISIL
                                                                                  B/Stable
Astra Rocks and Minerals Pvt Ltd        Proposed LT Bk     CRISIL         20      Migrated from
                                        Loan Fac           B/Stable               CRISIL
                                                                                  B/Stable
Astra Rocks and Minerals Pvt Ltd        TL                 CRISIL         10      Migrated from
                                                           B/Stable               CRISIL
                                                                                  B/Stable
Automotive Robotics (India) Pvt Ltd     CC                 CRISIL BB      100     Migrated
(Issuer Not Cooperating)
Avani Dyechem Industries                CC                 CRISIL BB-     40      Migrated
(Issuer Not Cooperating)
Avani Dyechem Industries                LT Loan            CRISIL BB-     4.8     Migrated
(Issuer Not Cooperating)
Ayurvet Ltd                             CC & WC demand loanCRISIL         130
                                                           A-/Negative
Outlook revised from Stable and rating reaffirmed
Balu Iron And Steel Company             CC                 CRISIL         150     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Balu Iron And Steel Company             Channel Financing  CRISIL         600     Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Bamanbore Tollway Pvt Ltd               TL                 CRISIL         3217    Reassinged
                                                           AA-(CE)/Stable         from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Benit And Co Electronics Pvt Ltd        Proposed CC Limit  CRISIL         100     Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Buxa Dooars Tea Co. (India) Ltd         CC                 CRISIL         65      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Buxa Dooars Tea Co. (India) Ltd         Proposed LT Bk     CRISIL         79      Migrated
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Buxa Dooars Tea Co. (India) Ltd         TL                 CRISIL         20      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Chedi Lal Food Industries               CC                 CRISIL B+      2.5     Migrated
(Issuer Not Cooperating)
Chedi Lal Food Industries               TL                 CRISIL B+      50      Migrated
(Issuer Not Cooperating)
CJ S Haritha Homes                      Proposed LT Bk     CRISIL D       132.2   Migrated
                                        Loan Fac
(Issuer Not Cooperating)
CJ S Haritha Homes                      TL                 CRISIL D       170.8   Migrated
(Issuer Not Cooperating)
CJ S Haritha Homes                      WC TL              CRISIL D       47      Migrated
(Issuer Not Cooperating)
Cochin Frozen Food Exports Pvt Ltd      Bill Discounting   CRISIL         150     Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Cochin Frozen Food Exports Pvt Ltd      Proposed LT Bk     CRISIL         30      Migrated
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd     CC                 CRISIL B+      25      Migrated
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd     Proposed LT Bk     CRISIL B+      10.3    Migrated
                                        Loan Fac
(Issuer Not Cooperating)
Cozy Touch Poly Foams India Pvt Ltd     TL                 CRISIL B+      4.7     Migrated
(Issuer Not Cooperating)
Creatiive Infra And Construction Pvt LtdCC                 CRISIL         20      Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Creatiive Infra And Construction Pvt LtdProposed LT Bk     CRISIL         2.5     Migrated
                                        Loan Fac           BB-/Stable
(Issuer Not Cooperating)
Creatiive Infra And Construction Pvt LtdTL                 CRISIL         77.5    Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Creative Infra and Construction         CC                 CRISIL BB-     60      Migrated
(Issuer Not Cooperating)
CVT Technology Solutions Pvt Ltd        LT Loan            CRISIL         75      Reaffirmed
                                                           B/Stable
CVT Technology Solutions Pvt Ltd        Proposed LT Bk     CRISIL         5       Reaffirmed
                                        Loan Fac           B/Stable
Debogram Agro Industries LLP            LT Loan            CRISIL         120     Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Devendran Plastic Pvt Ltd               CC                 CRISIL B+      130     Reaffirmed
Devendran Plastic Pvt Ltd               LT Loan            CRISIL B+      90      Reaffirmed
Devendran Plastic Pvt Ltd               TL                 CRISIL B+      120     Reaffirmed
Dipika Enterprise                       Bill Discounting   CRISIL B       57.6    Migrated
(Issuer Not Cooperating)
Diwancheruvu Tollway Pvt Ltd            TL                 CRISIL AA-     9600    Reassigned
                                                                                  from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Diwantham Tollway Pvt Ltd               TL                 CRISIL         4000    Reassinged
                                                           AA-/Stable             from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Dynamic Fine Paper Mill Pvt Ltd         CC                 CRISIL         75      Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Dynamic Fine Paper Mill Pvt Ltd         Proposed FB Bk     CRISIL         81.3    Migrated
                                        Limits             BB-/Stable
(Issuer Not Cooperating)
Dynamic Fine Paper Mill Pvt Ltd         TL                 CRISIL         133.7   Migrated
                                                           BB-/Stable
(Issuer Not Cooperating)
Ekta Enterprises - Bharatpur            TL                 CRISIL BB-     53      Assigned
Ekta Enterprises - Bharatpur            Proposed LT Bk     CRISIL BB-     5       Assigned
                                        Loan Fac
Ekta Enterprises - Bharatpur            CC                 CRISIL BB-     18      Assigned
Embark Lifescience Pvt Ltd              CC                 CRISIL         105     Migrated from
                                                           B/Stable               CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Embark Lifescience Pvt Ltd              LT Loan            CRISIL         12.1    Migrated from
                                                           B/Stable               CRISIL
                                                                                  B+/Stable
(Issuer Not Cooperating)
Falcon Marine Exports Ltd               CC                 CRISIL         700     Reaffirmed
                                                           A+/Stable
Falcon Marine Exports Ltd               LT Loan            CRISIL         400     Reaffirmed
                                                           A+/Stable
G B Springs Pvt Ltd                     CC                 CRISIL BB+     100     Migrated from
                                                                                  CRISIL
                                                                                  BB+/Positive
(Issuer Not Cooperating)
Ganga Bag Udyog Pvt Ltd                 CC                 CRISIL BB-     210     Migrated
(Issuer Not Cooperating)
Ganga Bag Udyog Pvt Ltd                 LT Loan            CRISIL BB-     8.6     Migrated
(Issuer Not Cooperating)
Garamore Tollway Pvt Ltd                TL                 CRISIL         8600    Reassigned
                                                           AA-/Stable             from CRISIL
                                                                                  AA-(SO)/Stable
George Mathew                           CC                 CRISIL         75      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
George Mathew                           Proposed LT Bk     CRISIL         20      Migrated
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Gita Refractories Pvt Ltd               BG                 CRISIL D       1       Migrated
(Issuer Not Cooperating)
Gita Refractories Pvt Ltd               CC                 CRISIL D       40      Migrated
(Issuer Not Cooperating)
Gita Refractories Pvt Ltd               LOC Bill           CRISIL D       21      Migrated
                                        Discounting
(Issuer Not Cooperating)
Gita Refractories Pvt Ltd               LT Loan            CRISIL D       5.4     Migrated
(Issuer Not Cooperating)
Gita Refractories Pvt Ltd               Proposed WC Fac    CRISIL D       32.6    Migrated
(Issuer Not Cooperating)
Grand Auto Udyog Pvt Ltd                CC                 CRISIL         170     Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Gulati Metal and Alloys                 CC                 CRISIL         100     Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Hawk Granito Pvt Ltd                    CC                 CRISIL         120     Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Hawk Granito Pvt Ltd                    LT Loan            CRISIL         303.5   Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Hmtd Engineering Pvt Ltd                CC                 CRISIL         55      Migrated
                                                           BB/Stable
(Issuer Not Cooperating)
Hmtd Engineering Pvt Ltd                Proposed LT Bk     CRISIL         20      Migrated
                                        Loan Fac           BB/Stable
(Issuer Not Cooperating)
Icchapuram Tollway Pvt Ltd              TL                 CRISIL         5216    Reassigned
                                                           AA-/Stable             from CRISIL
                                                                                  AA-(SO)/Stable
Imsong Supplier and Co.                 CC                 CRISIL B+/     45      Migrated
(Issuer Not Cooperating)                                   Stable
Indianart Furnitures Pvt Ltd            CC^                CRISIL         55      Migrated
                                                           B+/Stable
(Issuer Not Cooperating)/ ^Includes Rs 4.5 crores of Export Packing Credit as sublimit
Indianart Furnitures Pvt Ltd            Proposed LT Bk     CRISIL         188     Migrated
                                        Loan Fac           B+/Stable
(Issuer Not Cooperating)
Indianart Furnitures Pvt Ltd            WC TL              CRISIL         7       Migrated
                                                           B+/Stable
(Issuer Not Cooperating)
Indo Unique Flame Ltd                   CC                 CRISIL BB/     280     Migrated
(Issuer Not Cooperating)                                   Stable
Indo Unique Flame Ltd                   Proposed FB Bk     CRISIL BB      30      Migrated
                                        Limits             Stable 
(Issuer Not Cooperating)
Indo-American Hybrid Seeds India Pvt LtdCC                 CRISIL BB+     95      Migrated
(Issuer Not Cooperating)
J. K. Rice Mills                        CC                 CRISIL         147.5   Migrated
                                                           B/Stable
(Issuer Not Cooperating)
J. K. Rice Mills                        Warehouse Receipts CRISIL         7.5     Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Janani International Pvt Ltd            Proposed TL        CRISIL         42      Upgraded from
                                                           BB-/Stable             CRISIL
                                                                                  B+/Stable
Jay Khodiyar Cotton Industries          CC                 CRISIL         80      Migrated
                                                           B/Stable
(Issuer Not Cooperating)
Jay Khodiyar Cotton Industries          Proposed LT Bk     CRISIL         10      Migrated
                                        Loan Fac           B/Stable
(Issuer Not Cooperating)
Kancheshwar Sugar Ltd                   CC                 CRISIL         500     Upgraded from
                                                           B-/Stable              CRISIL D
Kancheshwar Sugar Ltd                   TL                 CRISIL         730     Upgraded from
                                                           B-/Stable              CRISIL D
Karthikeya Trading Pvt Ltd              Foreign LOC        CRISIL         115     Assigned
                                                           B/Stable
Karthikeya Trading Pvt Ltd              WC Fac             CRISIL         5       Assigned
                                                           B/Stable
Kevin Metpack Pvt Ltd                   CC                 CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Kevin Metpack Pvt Ltd                   Proposed LT Bk     CRISIL D       410     Downgraded
                                        Loan Fac                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
Kevin Metpack Pvt Ltd                   TL                 CRISIL D       20      Downgraded
                                                                                  from CRISIL
                                                                                  B/Stable
(Issuer Not Cooperating)
KJS Cement(I) Ltd                       Proposed LT Bk     CRISIL BBB     4.7     Assigned
                                        Loan Fac
KJS Cement(I) Ltd                       LT Loan            CRISIL BBB     4574.5  Assigned
KJS Cement(I) Ltd                       Funded Interest TL CRISIL BBB     935.8   Assigned
KJS Cement(I) Ltd                       CC                 CRISIL BBB     300     Assigned
La-Gajjar Machineris Pvt Ltd            CC                 CRISIL A       650
La-Gajjar Machineris Pvt Ltd            LT Bk Fac          CRISIL A       59.5
La-Gajjar Machineris Pvt Ltd            LT Loan            CRISIL A       49.6
La-Gajjar Machineris Pvt Ltd            Proposed LT Bk     CRISIL A       83.2
                                        Loan Fac
La-Gajjar Machineris Pvt Ltd            WC Demand Loan     CRISIL A       159.3
Livolla Granito LLP                     TL                 CRISIL BB      216     Reaffirmed
MFL Securitisation Trust                Series A1 PTCs     CRISIL AA (SO) -       Converted
LXXVI (Originator: Magma Fincorp Ltd)                                             from
                                                                                  Provisional
                                                                                  Rating to
                                                                                  Final
                                                                                  Rating
MFL Securitisation Trust                Series A2 PTCs     CRISIL AA (SO) -       Converted
LXXVI (Originator: Magma Fincorp Ltd)                                             from
                                                                                  Provisional
                                                                                  Rating to
                                                                                  Final
                                                                                  Rating
MFL Securitisation Trust                Second loss Fac    CRISIL         -       Converted
LXXVI (Originator: Magma Fincorp Ltd)                      BBB-(SO)               from
                                                           Equivalent             Provisional
                                                                                  Rating to
                                                                                  Final
                                                                                  Rating
Navnit Motors Pvt Ltd                   BG                 CRISIL         211.6   Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Navnit Motors Pvt Ltd                   CC                 CRISIL         320     Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Navnit Motors Pvt Ltd                   Inventory Funding  CRISIL         2124    Downgraded
                                        Fac                B+/Stable              from CRISIL
                                                                                  BB-/Stable
Navnit Motors Pvt Ltd                   Proposed LT Bk     CRISIL         348.4   Downgraded
                                        Loan Fac           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Navnit Motors Pvt Ltd                   TL                 CRISIL         246     Downgraded
                                                           B+/Stable              from CRISIL
                                                                                  BB-/Stable
Phooltas Transrail Ltd                  CC                 CRISIL BB-     40      Upgraded from
                                                                                  CRISIL
                                                                                  B/Stable
Phooltas Transrail Ltd                  Proposed LT Bk     CRISIL BB-     106     Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  B/Stable
Porbandar Jetpur Tollway Pvt Ltd        TL                 CRISIL         254     Reassinged
                                                           AA-(CE)/Stable         from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Puintola Tollway Pvt Ltd                TL                 CRISIL         3967    Reassigned
                                                           AA-(CE)/Stable         from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Rajindra Filling Station                CC                 CRISIL B+      40      Assigned
Rajindra Filling Station                Proposed FB Bk     CRISIL B+      24      Assigned
                                        Limits
Ravi Texo Fab Pvt Ltd                   CC                 CRISIL D       65      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
RCC Eco-Build Systems Ltd               CC                 CRISIL D       200     Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable 
(Issuer Not Cooperating)
RCC Eco-Build Systems Ltd               TL                 CRISIL D       60      Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable 
(Issuer Not Cooperating)
RCC Infra Ventures Ltd                  CC                 CRISIL D       660     Downgraded
                                                                                  from CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
RSSG Consortium Pvt Ltd                 Proposed FB Bk     CRISIL B+      20      Assigned
                                        Limits
RSSG Consortium Pvt Ltd                 Proposed CC Limit  CRISIL B+      10      Assigned
RSSG Consortium Pvt Ltd                 CC                 CRISIL B+      10      Assigned
Sanmaan Rice Mills                      CC                 CRISIL D       156     Reaffirmed
                                                                                  and Withdrawn
Sanmaan Rice Mills                      LT Loan            CRISIL D       10      Reaffirmed
                                                                                  and Withdrawn
Shafeeq Shameel and Co.                 Export Packing     CRISIL BB-     50      Reaffirmed
                                        Credit
Shafeeq Shameel and Co.                 Proposed LT Bk     CRISIL BB-     55      Reaffirmed
                                        Loan Fac
Shafeeq Shameel and Co.                 Standby Line of    CRISIL BB-     27.5    Reaffirmed
                                        Credit
Shri Balaji Hospital And Critical Care  TL                 CRISIL B       80      Reaffirmed
Centre
Siddhantham Tollway Pvt Ltd             TL                 CRISIL AA-     1610    Reassigned
                                                                                  from CRISIL
                                                                                  AA-(SO)/
                                                                                  Stable
Sumitra DS Motors Pvt Ltd               CC                 CRISIL         100     Reaffirmed
                                                           B/Stable
Sumitra DS Motors Pvt Ltd               TL                 CRISIL         28      Reaffirmed
                                                           B/Stable
Tata Capital Ltd                        CC & WC demand loanCRISIL AAA     150     Reaffirmed
Tata Capital Ltd                        Proposed LT Bk     CRISIL AAA     100     Reaffirmed
                                        Loan Fac
Tata Capital Ltd                        PS                 CRISIL         400     Assigned
                                                           AAA/Stable
Tata Capital Ltd                        PS                 CRISIL         400     Assigned
                                                           AAA/Stable
Tata Capital Ltd                        PS                 CRISIL         400     Assigned
                                                           AAA/Stable
Tata Capital Ltd                        PS                 CRISIL         450     Assigned
                                                           AAA/Stable
Tata Capital Ltd                        PS                 CRISIL         27572.2 Reaffirmed
                                                           AAA/Stable
(Reduced from Rs.2970 Crore)
Tata Capital Ltd                        NCDs               CRISIL         14000   Reaffirmed
                                                           AAA/Stable
(Reduced from Rs.2500 Crore)  
TD Power Systems Ltd                    CC*                CRISIL BBB+    700     Reaffirmed
*Includes sublimit of Rs 50 crore for packing credit and Rs 5 crore for inland bill discounting
under letter of credit
TD Power Systems Ltd                    CC                 CRISIL BBB+    200     Reaffirmed
TD Power Systems Ltd                    Overdraft          CRISIL BBB+    100     Reaffirmed
Vivriti Xavier 03 2019 (Originator:     Series A2 PTCs     CRISIL A+ (SO) -       Converted
Asirvad Microfinance Ltd)                                                         from
                                                                                  Provisional
                                                                                  Rating to
                                                                                  Final Rating 
Vivriti Xavier 03 2019 (Originator:     Series A1 PTCs     CRISIL AA- (SO)-       Converted
Asirvad Microfinance Ltd)                                                         from
                                                                                  Provisional
                                                                                  Rating to
                                                                                  Final Rating
Wevin Pvt Ltd                           CC                 CRISIL         150     Migrated from
                                                           BB/Stable              CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Zambad Infrastructure Ltd               LT Loan            CRISIL D       150     Downgraded
                                                                                  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)
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