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CRISIL ratings for Indian debt instruments-Sep 16

   Sep 16  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of September 15, 2020.


COMPANY                                INSTRUMENT        RATING        AMOUNT MOVEMENT
                                                                      (RS.MLN)
------                                 ----------        ------        -----  ---------
SHORT TERM RATINGS:
-------------------
Aarti Construction Company             BG                CRISIL A4+    170    -
(Downgraded from 'CRISIL A3')
Amkap Marketing Pvt Ltd                BG                CRISIL A4+    20     Reaffirmed
Asbesco India Pvt Ltd                  BG                CRISIL A4     597.5  Reaffirmed
(Issuer Not Cooperating)
Asbesco India Pvt Ltd                  LOC               CRISIL A4     150    Reaffirmed
(Issuer Not Cooperating)
Astha Associate Engineer And Contractor BG               CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
B and A Packaging India Ltd            BG                CRISIL A3+    2      -
(Upgraded from 'CRISIL A3')
B and A Packaging India Ltd            LOC               CRISIL A3+    110    -
(Upgraded from 'CRISIL A3')
Bivab Developers Pvt Ltd               Overdraft         CRISIL A4     49     -
(Migrated from 'CRISIL A4 ISSUER NOT COOPERATING')
Construction Catalysers Pvt Ltd        BG                CRISIL A4     220    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Construction Catalysers Pvt Ltd        LOC               CRISIL A4     25     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Construction Catalysers Pvt Ltd        Proposed LOC      CRISIL A4     20     -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Dalmia Bharat Ltd                      Proposed ST Bk    CRISIL A1+    200    Assigned
                                       Loan Fac
Dalmia Bharat Ltd                      BG                CRISIL A1+    250    Assigned
Dalmia Bharat Ltd                      Overdraft         CRISIL A1+    50     Assigned
Dalmia Bharat Ltd                      CP                CRISIL A1+    2000   Assigned
Duvet Industries                       BG                CRISIL A4     2      Reaffirmed
(Issuer Not Cooperating)
Eco Cements Ltd                        BG                CRISIL A4     200    -
(Downgraded from 'CRISIL A4+')
Ediz Ceramic Pvt Ltd                   BG                CRISIL A4     10.6   Reaffirmed
(Issuer Not Cooperating)
Emco Pressmaster Pvt Ltd               BG                CRISIL A4     20     Reaffirmed
(Issuer Not Cooperating)
Emco Pressmaster Pvt Ltd               LOC               CRISIL A4     10     Reaffirmed
(Issuer Not Cooperating)
Evergreen Exports                      Packing Credit    CRISIL A4     105.5  Reaffirmed
(Issuer Not Cooperating)
Fairdeal Agencies Pvt Ltd              Overdraft         CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Farukhi Glass Industries               LOC               CRISIL A4     26     Reaffirmed
(Issuer Not Cooperating)
G3S Builders Pvt Ltd                   Overdraft         CRISIL A4     120    Reaffirmed
(Issuer Not Cooperating)
Grace Manufacturing And Trading Company BG               CRISIL A4     50     Reaffirmed
(Issuer Not Cooperating)
Greenberry Foils India Ltd             LOC               CRISIL A4     100    Reaffirmed
(Issuer Not Cooperating)
Hastalloy India Ltd                    BG                CRISIL A4+    80     Reaffirmed
I-MAC India Coach Builders Pvt Ltd     BG                CRISIL A3     20     Reaffirmed
KMS Coach Builders Pvt Ltd             BG                CRISIL A3     70     Reaffirmed
Metlonics Industries Pvt Ltd           BG                CRISIL A3+    130    -
(Migrated from 'CRISIL A4+  ISSUER NOT COOPERATING')
Nanz Med Science Pharma Pvt Ltd        BG                CRISIL A3     45     Reaffirmed
Nanz Med Science Pharma Pvt Ltd        LOC               CRISIL A3     50     Reaffirmed
Orient Color Art Printers Pvt Ltd      BG                CRISIL A4     1.5    Reaffirmed
Orient Color Art Printers Pvt Ltd      Foreign Bill      CRISIL A4     17.5   Reaffirmed
                                       Discounting
Orient Color Art Printers Pvt Ltd      Packing Credit    CRISIL A4     25     Reaffirmed
Ozon Vitrified Pvt Ltd                 BG                CRISIL A4     28     Reaffirmed
(Issuer Not Cooperating)
Patnaik Steels and Alloys Ltd          BG                CRISIL A3     27.5   Reaffirmed
Piyush Infratech Pvt Ltd               BG                CRISIL A4+    300    -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Piyush Infratech Pvt Ltd               Proposed BG       CRISIL A4+    5      -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Piyush Infratech Pvt Ltd               Proposed ST Bk    CRISIL A4+    95     -
                                       Loan Fac
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
Prestigeous Scors Pvt Ltd              BG                CRISIL A4+    50     Reaffirmed
Rai Raj Construction Pvt Ltd           BG                CRISIL A4     30     Reaffirmed
(Issuer Not Cooperating)
Ramkrishna Cotspin Pvt Ltd             BG                CRISIL A4     37.5   Reaffirmed
(Issuer Not Cooperating)
Ravikiran Construction                 BG                CRISIL A4     25     Reaffirmed
(Issuer Not Cooperating)
Roar Ceramic LLP                       BG                CRISIL A4     10     Reaffirmed
Shri Siddhivinayaga Tex India Pvt Ltd  BG                CRISIL A3+    45     Reaffirmed
Shri Siddhivinayaga Tex India Pvt Ltd  Bill Discounting  CRISIL A3+    100    Reaffirmed
Sri Krishna Shipping Corporation       BG                CRISIL A4     40     Reaffirmed
Sri Vignesh Yarns Pvt Ltd            Letter Of Guarantee CRISIL A3+    7.5    Reaffirmed
Sunrise Marketing Agents               LOC               CRISIL A4     35     Reaffirmed
Sunrise Marketing Agents               Overdraft         CRISIL A4     30     Reaffirmed

Svatantra Microfin Pvt Ltd             ST Debt Issue     CRISIL A1+    1000   Reaffirmed
Thermotech Engineering (India) LLP     BG                CRISIL A4     30     Reaffirmed
 

MEDIUM TERM RATINGS:
-------------------
Paranjape Schemes (Construction) Ltd   FD                FB/Stable     550    -
(Issuer Not Cooperating)

 

LONG TERM RATINGS:
-------------------
A. S. Carriers Pvt Ltd                 Lease Rental      CRISIL        320    Reaffirmed
                                       Discounting Loan  B+/Stable
(Issuer Not Cooperating)
A.S.Cargo Movers Pvt Ltd               Lease Rental      CRISIL        610    Reaffirmed
                                       Discounting Loan  B+/Stable
(Issuer Not Cooperating)
Aarti Construction Company             CC/ Overdraft Fac CRISIL        30     -
                                                         BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Aarti Construction Company             Proposed LT Bk    CRISIL        60     -
                                       Loan Fac          BB+/Stable
(Downgraded from 'CRISIL BBB-/Stable')
Amkap Marketing Pvt Ltd                CC                CRISIL        60     Reaffirmed
                                                         BB-/Stable
Artifacts India                        Export Packing    CRISIL        80     Reaffirmed
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Artifacts India                        LT Loan           CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Arvind Singla                          CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Arvind Singla                          Proposed CC Limit CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Aryan Hospital                         CC                CRISIL D      3      Reaffirmed
(Issuer Not Cooperating)
Aryan Hospital                         TL                CRISIL D      66     Reaffirmed
(Issuer Not Cooperating)
Asbesco India Pvt Ltd                  Bill Discounting  CRISIL        150    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Asbesco India Pvt Ltd                  CC                CRISIL        365    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Asbesco India Pvt Ltd                  Proposed LT Bk    CRISIL        12.5   Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Astha Associate Engineer And Contractor CC/Overdraft Fac CRISIL B/Stable 10   Reaffirmed
(Issuer Not Cooperating)
B and A Packaging India Ltd            CC                CRISIL        109.4  -
                                                         BBB/Stable
(Upgraded from 'CRISIL BBB-/Positive')
B and A Packaging India Ltd            TL                CRISIL        2.1    -
                                                         BBB/Stable
(Upgraded from 'CRISIL BBB-/Positive')
Bharat Heart and Super Speciality      LT Loan           CRISIL D      276.7  Reaffirmed
Hospitals
Bivab Developers Pvt Ltd               TL                CRISIL        1      -
                                                         B+/Stable
(Migrated from 'CRISIL B/Stable ISSUER NOT COOPERATING)
Construction Catalysers Pvt Ltd        CC                CRISIL        200    -
                                                         B/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Construction Catalysers Pvt Ltd        Proposed CC Limit CRISIL        20     -
                                                         B/Stable
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
D.R. Distributors Pvt Ltd              CC                CRISIL        120    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
D.V. Export                            Export Packing    CRISIL        190    Reaffirmed
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Dalmia Bharat Ltd                      Proposed TL       CRISIL        500    Assigned
                                                         AA+/Stable
Deesan Agro Tech Pvt Ltd               Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Divine Infracon Pvt Ltd                TL                CRISIL D      3730   Reaffirmed
(Issuer Not Cooperating)
Durable Transformers Pvt Ltd           CC                CRISIL D      140    Reaffirmed
(Issuer Not Cooperating)
Durable Transformers Pvt Ltd           LOC               CRISIL D      40     Reaffirmed
(Issuer Not Cooperating)
Duvet Industries                       CC                CRISIL        30     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Duvet Industries                       TL                CRISIL        28     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Ediz Ceramic Pvt Ltd                   CC                CRISIL C      27.5   Reaffirmed
(Issuer Not Cooperating)
Ediz Ceramic Pvt Ltd                   Proposed LT Bk    CRISIL C      28.6   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Ediz Ceramic Pvt Ltd                   TL                CRISIL C      23.3   Reaffirmed
(Issuer Not Cooperating)
Emco Pressmaster Pvt Ltd               CC                CRISIL        50     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Emery Tie-Up Pvt Ltd                   Proposed LT Bk    CRISIL B/Stabl200    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Encon Impex Pvt Ltd                    CC                CRISIL        90     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB/Stable)
ESS Ell Cables Company                 CC                CRISIL        120    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Fairdeal Agencies Pvt Ltd              CC                CRISIL        70     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Fairdeal Agencies Pvt Ltd              LT Loan           CRISIL        69.5   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Farukhi Glass Industries               CC                CRISIL        68     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Farukhi Glass Industries               TL                CRISIL        6      Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Gartech Equipments Pvt Ltd             Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Gokula Education Foundation (Medical)  Overdraft         -             500    Withdrawn
(Issuer Not Cooperating)
Gokula Education Foundation (Medical)  Proposed LT Bk    -             100    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Gokula Education Foundation (Medical)  Proposed ST Bk    -             100    Withdrawn
                                       Loan Fac
(Issuer Not Cooperating)
Gorantla Multiplex                     LT Loan           CRISIL        97.5   Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
GR8 Constructions Pvt Ltd              LT Loan           CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Grace Manufacturing And Trading Company CC               CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Grace Manufacturing And Trading Company Proposed CC Limit CRISIL       15     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Greenberry Foils India Ltd             CC                CRISIL        100    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Greenberry Foils India Ltd             LT Loan           CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Greenwood Poultries                    CC                CRISIL        13     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Greenwood Poultries                    LT Loan           CRISIL        69.7   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Hansraj Agrofresh Pvt Ltd              CC                CRISIL D      20.1   Reaffirmed
(Issuer Not Cooperating)
Hansraj Agrofresh Pvt Ltd              LT Loan           CRISIL D      34.6   Reaffirmed
(Issuer Not Cooperating)
Hastalloy India Ltd                    CC                CRISIL        65     Reaffirmed
                                                         BB-/Stable
Hastalloy India Ltd                    Proposed LT Bk    CRISIL        5      Reaffirmed
                                       Loan Fac          BB-/Stable
Hexa Ceramic Pvt Ltd                   CC                CRISIL        45     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Hexa Ceramic Pvt Ltd                   TL                CRISIL        45     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
I-MAC India Coach Builders Pvt Ltd     CC                CRISIL BBB-   50     Reaffirmed
I-MAC India Coach Builders Pvt Ltd     Proposed LT Bk    CRISIL BBB-   30     Reaffirmed
                                       Loan Fac
J. S. Gautam Enterprises Pvt Ltd       CC                CRISIL        14     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
J. S. Gautam Enterprises Pvt Ltd       LT Loan           CRISIL        36     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
J. S. Grover Autos Pvt Ltd             CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Jhanwar Industries                     CC                CRISIL        170    -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kaas Footwear Industries Pvt Ltd       CC                CRISIL D      36.7   Reaffirmed
(Issuer Not Cooperating)
Kaas Footwear Industries Pvt Ltd       TL                CRISIL D      67.1   Reaffirmed
(Issuer Not Cooperating)
Kajuwalla                            CC & WC demand loan CRISIL D      100    Reaffirmed
(Issuer Not Cooperating)
Kakda Rolling Mills                    CC                CRISIL D      135    Reaffirmed
(Issuer Not Cooperating)
Karmic Energy Pvt Ltd                  LT Loan           CRISIL        25     Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Karmic Energy Pvt Ltd                  TL                CRISIL        187.5  Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
KB Lubes Pvt Ltd                       CC                CRISIL D      49     Reaffirmed
(Issuer Not Cooperating)
KB Lubes Pvt Ltd                       TL                CRISIL D      13.9   Reaffirmed
(Issuer Not Cooperating)
Kerala Infrastructure Investment Fund  LT Loan           CRISIL A+     24500  -
Board
(Converted from Provisional Rating to Final Rating; Removed from 'Rating Watch with Negative
Implications')
Kerala Infrastructure Investment Fund  Proposed LT Bk    Provisional   25500  -
Board                                  Loan Fac          CRISIL A+
(Removed from 'Rating Watch with Negative Implications'; Rating Reaffirmed)
KF Biotech Pvt Ltd                     CC                CRISIL C      80     Reaffirmed
(Issuer Not Cooperating)
KF Biotech Pvt Ltd                     LT Loan           CRISIL C      10     Reaffirmed
(Issuer Not Cooperating)
KF Biotech Pvt Ltd                     Proposed WC Fac   CRISIL C      10     Reaffirmed
(Issuer Not Cooperating)
Khandelwal Ginning and Pressing        CC                CRISIL        70     -
                                                         B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Khandelwal Ginning and Pressing        Proposed LT Bk    CRISIL        5      -
                                       Loan Fac          B/Stable
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable)
Kitturu Chennamma Poultry Farm         LT Loan           CRISIL        5.1    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kitturu Chennamma Poultry Farm         Open CC           CRISIL        68     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kitturu Chennamma Poultry Farm         Proposed CC Limit CRISIL        22.2   Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Kitturu Chennamma Poultry Farm         Proposed LT Bk    CRISIL        1      Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
KMS Coach Builders Pvt Ltd             CC                CRISIL        80     -
                                                         BBB-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
L R N Finance Ltd                      Proposed LT Bk    CRISIL D      100    Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
L R N Finance Ltd                      NCD               CRISIL D      300    -
(Issuer Not Cooperating)
L R N Finance Ltd                      NCD               CRISIL D      300    -
(Issuer Not Cooperating)
L R N Finance Ltd                      NCD               CRISIL D      250    -
(Issuer Not Cooperating)
M.S. Ramaiah University of Applied     LT Loan           -             120    Withdrawn
Sciences
(Issuer Not Cooperating)
M.S. Ramaiah University of Applied     Overdraft         -             320    Withdrawn
Sciences
(Issuer Not Cooperating)
M.S. Ramaiah University of Applied     Rupee TL          -             60     Withdrawn
Sciences
(Issuer Not Cooperating)
Mangalam Edu Gate                      TL                CRISIL        800    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Metlonics Industries Pvt Ltd           CC                CRISIL        335    -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Metlonics Industries Pvt Ltd           FCNR (B) LT Loan  CRISIL        130    -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Metlonics Industries Pvt Ltd           LT Loan           CRISIL        33.6   -
                                                         BBB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Metlonics Industries Pvt Ltd           Proposed FB Bk    CRISIL        71.4   -
                                       Limits            BBB/Stable
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Mirones Builders and Developers Pvt Ltd CC               -             115    Withdrawn
(Issuer Not Cooperating)
Moyalan Agro Pipes                     Overdraft         CRISIL        80     Reaffirmed
                                                         B+/Stable
(Migrated from 'CRISIL B+/Stable  ISSUER NOT COOPERATING')
Muppa Akshaja Projects Pvt Ltd         LT Loan           CRISIL        170    Reaffirmed
                                                         B+/Stable
Nandi International Pvt Ltd            CC                CRISIL        110    Reaffirmed
                                                         BB-/Stable
Nandi International Pvt Ltd            Rupee TL          CRISIL        40     Reaffirmed
                                                         BB-/Stable
Nanz Med Science Pharma Pvt Ltd        CC                CRISIL        116    Reaffirmed
                                                         BBB-/Stable
Nanz Med Science Pharma Pvt Ltd        TL                CRISIL        67.4   Reaffirmed
                                                         BBB-/Stable
Opus Industries Pvt Ltd                Cash TL           CRISIL        270    Reaffirmed
                                                         B-/Stable
(Issuer Not Cooperating)
Orient Color Art Printers Pvt Ltd      CC                CRISIL        10.6   Reaffirmed
                                                         B+/Stable
Orient Color Art Printers Pvt Ltd      TL                CRISIL        18.2   Reaffirmed
                                                         B+/Stable
Ozon Vitrified Pvt Ltd                 CC                CRISIL        80     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Ozon Vitrified Pvt Ltd                 TL                CRISIL        67     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Palappillil Techno Rubbers             LT Loan           CRISIL        56     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Palappillil Techno Rubbers             Proposed CC Limit CRISIL        15     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Paranjape Schemes (Construction) Ltd   CC                CRISIL        80     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Paranjape Schemes (Construction) Ltd   Proposed LT Bk    CRISIL        70     Reaffirmed
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Paranjape Schemes (Construction) Ltd   TL                CRISIL        300    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Paranjape Schemes (Construction) Ltd   NCD               CRISIL        1750   -
                                                         B/Stable
(Issuer Not Cooperating)
Patnaik Steels and Alloys Ltd          CC                CRISIL        420    Reaffirmed
                                                         BBB-/Stable
Patnaik Steels and Alloys Ltd          Proposed FB Bk    CRISIL        732.4  Reaffirmed
                                       Limits            BBB-/Stable
Patnaik Steels and Alloys Ltd          TL                CRISIL        181.8  Reaffirmed
                                                         BBB-/Stable
Patnaik Steels and Alloys Ltd          WC TL             CRISIL        25.8   Assigned
                                                         BBB-/Stable
Piyush Infratech Pvt Ltd               CC                CRISIL        200    -
                                                         BB-/Stable
(Migrated from 'CRISIL BB/Stable ISSUER NOT COOPERATING')
Popular Vehicles and Services Ltd      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
Prabhat Industries                     CC                CRISIL        120    Reaffirmed
                                                         BB-/Stable
Prabhat Industries                     Proposed LT Bk    CRISIL        40     Reaffirmed
                                       Loan Fac          BB-/Stable
Prayas Steels Pvt Ltd                  CC                CRISIL        90     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Prestigeous Scors Pvt Ltd              Secured Overdraft CRISIL        50     Reaffirmed
                                       Fac               BB/Stable
Prestigeous Scors Pvt Ltd              TL                CRISIL        21.3   Reaffirmed
                                                         BB/Stable
Pride East Entertainments Pvt Ltd      TL                CRISIL        130    -
                                                         BB-/Stable
(Upgraded from 'CRISIL B+/Stable')
Proarch IT Solutions Pvt Ltd           Proposed LT Bk    CRISIL        150    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Radiancelpg Petrochem Pvt Ltd          Corporate Credit  CCR B+/Stable -      Withdrawn
                                       Rating
Raheem Industries                      CC                CRISIL D      70     Reaffirmed
(Issuer Not Cooperating)
Raheem Industries                      Proposed LT Bk    CRISIL D      16.3   Reaffirmed
                                       Loan Fac
(Issuer Not Cooperating)
Raheem Industries                      Standby Line of   CRISIL D      10.5   Reaffirmed
                                       Credit
(Issuer Not Cooperating)
Rai Raj Construction Pvt Ltd           CC                CRISIL        20     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Rai Raj Construction Pvt Ltd           Proposed FB Bk    CRISIL        25     Reaffirmed
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Ramkrishna Cotspin Pvt Ltd             CC                CRISIL        75     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Ramkrishna Cotspin Pvt Ltd             LT Loan           CRISIL        610    Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Ramkrishna Cotspin Pvt Ltd             Proposed LT Bk    CRISIL        7.5    Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Ratnaa Shree Anandhaas Hotels Pvt Ltd  LT Loan           CRISIL        58.5   Reaffirmed
                                                         BB+/Stable
Ratnaa Shree Anandhaas Hotels Pvt Ltd  Overdraft         CRISIL        17     Reaffirmed
                                                         BB+/Stable
Ratnaa Shree Anandhaas Hotels Pvt Ltd  Proposed LT Bk    CRISIL        44.5   Reaffirmed
                                       Loan Fac          BB+/Stable
Ravikiran Construction                 CC                CRISIL        40     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Ravikiran Construction                 Proposed LT Bk    CRISIL        15     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Reach Logistics Pvt Ltd                CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Reach Logistics Pvt Ltd                Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Reflection Investments                 BG                CRISIL D      140    Reaffirmed
(Issuer Not Cooperating)
Reflection Investments                 Proposed BG       CRISIL D      20     Reaffirmed
(Issuer Not Cooperating)
Refratherm International Pvt Ltd       CC                CRISIL        109.6  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Refratherm International Pvt Ltd       TL                CRISIL        140.4  Reaffirmed
                                                         B+/Stable
(Issuer Not Cooperating)
Relixir Pharmaceuticals Pvt Ltd        CC                CRISIL        50     Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Relixir Pharmaceuticals Pvt Ltd        LT Loan           CRISIL        145    Reaffirmed
                                                         B/Stable
(Issuer Not Cooperating)
Roar Ceramic LLP                       CC                CRISIL        40     -
                                                         B/Stable
(Downgraded from 'CRISIL B+/Stable')
Roar Ceramic LLP                       Proposed LT Bk    CRISIL        20     -
                                       Loan Fac          B/Stable
(Downgraded from 'CRISIL B+/Stable')
Roar Ceramic LLP                       TL                CRISIL        50     -
                                                         B/Stable
(Downgraded from 'CRISIL B+/Stable')
Shri Siddhivinayaga Tex India Pvt Ltd  CC                CRISIL        600    Reaffirmed
                                                         BBB/Stable
Shri Siddhivinayaga Tex India Pvt Ltd  Proposed LT Bk    CRISIL        27.8   Reaffirmed
                                       Loan Fac          BBB/Stable
Shri Siddhivinayaga Tex India Pvt Ltd  TL                CRISIL        127.2  Reaffirmed
                                                         BBB/Stable
Sri Krishna Shipping Corporation       CC                CRISIL        147.5  Reaffirmed
                                                         B/Stable
Sri Krishna Shipping Corporation       Proposed LT Bk    CRISIL        2.5    Assigned
                                       Loan Fac          B/Stable
Sri Vignesh Yarns Pvt Ltd              CC                CRISIL        320    Reaffirmed
                                                         BBB/Stable
Sri Vignesh Yarns Pvt Ltd              Proposed LT Bk    CRISIL        50.4   Reaffirmed
                                       Loan Fac          BBB/Stable
Sri Vignesh Yarns Pvt Ltd              TL                CRISIL        112.6  Reaffirmed
                                                         BBB/Stable
Sunrise Marketing Agents               CC                CRISIL        10     Reaffirmed
                                                         B-/Stable
Sunrise Marketing Agents               TL                CRISIL        12     Reaffirmed
                                                         B-/Stable
Svatantra Microfin Pvt Ltd             Proposed LT Bk    CRISIL        9220   Reaffirmed
                                       Loan Fac          A+/Stable
Svatantra Microfin Pvt Ltd             TL                CRISIL        13280  Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        3000   Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             NCD               CRISIL        750    Reaffirmed
                                                         A+/Stable
Svatantra Microfin Pvt Ltd             Subordinated Debt CRISIL        200    Reaffirmed
                                                         A+/Stable
Swagat Developers                      Rating Advisory   -             -      -
(CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review)
T R Sawhney Automobiles Pvt Ltd        Inventory Funding -             400    Withdrawn
                                       Fac
(Issuer Not Cooperating)
T R Sawhney Automobiles Pvt Ltd        Inventory Funding CRISIL        200    Reaffirmed
                                       Fac               B+/Stable
(Issuer Not Cooperating)
T R Sawhney Motors Pvt Ltd             CC                -             500    Withdrawn
(Issuer Not Cooperating)
T R Sawhney Motors Pvt Ltd             Inventory Funding -             500    Withdrawn
                                       Fac
(Issuer Not Cooperating)
T R Sawhney Motors Pvt Ltd             Inventory Funding CRISIL        200    Reaffirmed
                                       Fac               B+/Stable
(Issuer Not Cooperating)
Technovaa Plastic Industries Pvt Ltd   CC                CRISIL D      180    -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B-/Stable)
Technovaa Plastic Industries Pvt Ltd   TL                CRISIL D      475    -
(ISSUER NOT COOPERATING; Downgraded from 'CRISIL B-/Stable)
Thermotech Engineering (India) LLP     CC                CRISIL        50     -
                                                         B+/Stable
(Upgraded from 'CRISIL B/Stable')
Walfs Infra India Pvt Ltd              Proposed LT Bk    CRISIL        250    Reaffirmed
                                       Loan Fac          B/Stable
Walfs Infra India Pvt Ltd              TL                CRISIL        950    Assigned
                                                         B/Stable
Wine Enterprises                       CC                CRISIL        700    Reaffirmed
                                                         BBB-/Stable
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@refinitiv.com)
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