September 17, 2019 / 9:24 AM / 2 months ago

CRISIL ratings for Indian debt instruments-Sep 17

   Sep 17 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 16, 2019.


COMPANY                                 INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                         (RS.MLN)
------                                  ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Acer Granito Pvt Ltd                    BG                 CRISIL A2      76.5    Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amber Enterprises India Ltd             LOC & BG           CRISIL A1      4120    Reaffirmed
Amber Enterprises India Ltd             Proposed NFBL      CRISIL A1      100     Reaffirmed
Amora Ceramics Pvt Ltd                  BG                 CRISIL A3+     15      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amora Ceramics Pvt Ltd                  Non-FBL            CRISIL A3+     2       Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amora Tiles Pvt Ltd                     BG                 CRISIL A2+     37.5    Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Apex Auto Ltd                           LOC & BG           CRISIL A4      150     Reaffirmed
(Issuer Not Cooperating)
Atlas Metal Industries                  LOC                CRISIL A4+     50      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Atlas Metal Industries                  Packing Credit     CRISIL A4+     20      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Bhadiyadra Gems                         Post Shipment      CRISIL A4+     131     Reaffirmed
                                        Credit
(Issuer Not Cooperating); Rating Migrated
Bhati Constructions                     BG                 CRISIL A4+     70      Reaffirmed
(Issuer Not Cooperating)
Blue Whale Machinery Technologies Pvt   Foreign LOC        CRISIL A4+     40      Reaffirmed
Ltd
(Placed on Rating Watch with  Developing Implication)
Blue Whale Machinery Technologies Pvt   Proposed NFBL      CRISIL A4+     50      Reaffirmed
Ltd
(Placed on Rating Watch with  Developing Implication)
Brew Force Technologies                 Inland/Import LOC  CRISIL A4      65      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Brisk India Pvt Ltd                     BG                 CRISIL A4+     110     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Dynomerk Controls                       BG                 CRISIL A4+     30      Reaffirmed
Eagle Electronics India Pvt Ltd         BG                 CRISIL A4+     80      Reaffirmed
(Issuer Not Cooperating)
Enal Drugs Pvt Ltd                      LOC                CRISIL A4+     40      -
Migrated from CRISIL A4 (Issuer Not Cooperating)
Gandhi Automations Pvt Ltd              BG                 CRISIL A3+     25      Reaffirmed
Garuda Power Pvt Ltd                    BG                 CRISIL A3+     35      Reaffirmed
Header Systems India Ltd                BG                 CRISIL A4+     42.6    Assigned
Hindustan Hardy Ltd                     BG                 CRISIL A4+     0.5     Reaffirmed
Hindustan Hardy Ltd                     Foreign Exchange   CRISIL A4+     1.6     Reaffirmed
                                        Fac
Hindustan Hardy Ltd                     LOC                CRISIL A4+     1       -
Indiabulls Housing Finance Ltd          CP Programme       CRISIL A1+     250000  Reaffirmed
Indiabulls Housing Finance Ltd          NCD Programme      CRISIL A1+     10000   Reaffirmed
Kamac Engineers Pvt Ltd                 BG                 CRISIL A3+     402.5   -
Upgraded from CRISIL A3
KMK Event Management Ltd                BG                 CRISIL A4+     28      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Laila Nutraceuticals                    Export Packing     CRISIL A4+     350     Reaffirmed
                                        Credit & Export
                                        Bills Negotiation/Foreign Bill discounting
(Issuer Not Cooperating); Rating Migrated
Maheshwari Solvent Extractions Ltd      BG                 CRISIL A4      3       Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Omprakash Trading Co.                   LOC & BG           CRISIL A4+     20      Reaffirmed
Penguin Apparels Pvt Ltd                BG                 CRISIL A3+     3       Reaffirmed
Penguin Apparels Pvt Ltd                Foreign Bill       CRISIL A3+     20      Reaffirmed
                                        Discounting
Penguin Apparels Pvt Ltd                LOC                CRISIL A3+     40
Pure Solar Pvt Ltd                      LOC & BG           CRISIL A4+     40      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
S S Multi Services                      BG                 CRISIL A4+     100     Assigned
S S Multi Services                      Overdraft          CRISIL A4+     10      Assigned
Shairu Gems Diamonds Pvt Ltd            Foreign Exchange   CRISIL A2      120     Reaffirmed
                                        Forward
Shairu Gems Diamonds Pvt Ltd            Packing Credit     CRISIL A2      368     Reaffirmed
Somany Ceramics Ltd                     LOC                CRISIL A1+     850     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Taurus Packaging Pvt Ltd                LOC                CRISIL A4+     10      Reaffirmed
Tricolite Electrical Industries Ltd     BG                 CRISIL A4+     162     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Tricolite Electrical Industries Ltd     Vendor Financing   CRISIL A4+     60      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Tulsi Paper Mills Pvt Ltd               BG                 CRISIL A3+     10      Reaffirmed
Tulsi Paper Mills Pvt Ltd               LOC                CRISIL A3+     190     Reaffirmed


LONG TERM RATINGS:
-------------------
A.P.I. Civilcon Pvt Ltd                 BG                 -              700     Withdrawn
(Issuer Not Cooperating)
A.P.I. Civilcon Pvt Ltd                 CC                 -              200     Withdrawn
(Issuer Not Cooperating)
Acer Granito Pvt Ltd                    CC                 CRISIL BBB+    180     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Acer Granito Pvt Ltd                    Proposed FB Bk     CRISIL BBB+    230.5   Reaffirmed
                                        Limits
(Placed on Rating Watch with  Developing Implication)
Acer Granito Pvt Ltd                    TL                 CRISIL BBB+    123     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Adiraj Manpower Services Pvt Ltd        CC                 CRISIL BB+     50      Reaffirmed
Outlook revised from Stable and rating reaffirmed
Aditya Motocorp Pvt Ltd                 CC                 -              60      Withdrawn
(Issuer Not Cooperating)
Aditya Motocorp Pvt Ltd                 TL                 -              35      Withdrawn
(Issuer Not Cooperating)
Amber Enterprises India Ltd             CC & WC demand loanCRISIL A+      1780    Reaffirmed
Amber Enterprises India Ltd             TL                 CRISIL A+      500     Assigned
Amora Ceramics Pvt Ltd                  CC                 CRISIL BBB     50      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amora Ceramics Pvt Ltd                  LT Loan            CRISIL BBB     134     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amora Tiles Pvt Ltd                     CC                 CRISIL A-      90      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Amora Tiles Pvt Ltd                     Proposed FB Bk     CRISIL A-      50      Reaffirmed
                                        Limits
(Placed on Rating Watch with  Developing Implication)
Amora Tiles Pvt Ltd                     TL                 CRISIL A-      116.5   Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Ampsolar Solution Pvt Ltd               TL                 CRISIL A-      1193.8  Assigned
Anjaneya Jewellery                      CC                 CRISIL B       400     Reaffirmed
Anurag Sharma                           Proposed FB Bk     CRISIL BB-     50      Reaffirmed
                                        Limits
(Issuer Not Cooperating); Rating Migrated
Anurag Sharma                           Rupee TL           CRISIL BB-     150     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Apex Auto Ltd                           Bill Discounting   CRISIL B+      130     Reaffirmed
(Issuer Not Cooperating)
Apex Auto Ltd                           CC                 CRISIL B+      150     Reaffirmed
(Issuer Not Cooperating)
Apex Auto Ltd                           LT Loan            CRISIL B+      335     Reaffirmed
(Issuer Not Cooperating)
Apex Auto Ltd                           Proposed LT Bk     CRISIL B+      35      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Art N Glass Inc.                        BG                 -              19.5    Withdrawn
(Issuer Not Cooperating)
Art N Glass Inc.                        CC                 -              145     Withdrawn
(Issuer Not Cooperating)
Art N Glass Inc.                        Electronic Dealer  -              105     Withdrawn
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Art N Glass Inc.                        LOC                -              9       Withdrawn
(Issuer Not Cooperating)
Art N Glass Inc.                        LT Loan            -              26      Withdrawn
(Issuer Not Cooperating)
Art N Glass Inc.                        Standby Line of    -              13.5    Withdrawn
                                        Credit
(Issuer Not Cooperating)
Atlas Metal Industries                  CC                 CRISIL BB      25      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Atlas Metal Industries                  TL                 CRISIL BB      100     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Avaada Solarise Energy Pvt Ltd          Proposed BG        CRISIL BBB-    225     Reaffirmed
Avaada Solarise Energy Pvt Ltd          Proposed TL        CRISIL BBB-    5       Reaffirmed
Avaada Solarise Energy Pvt Ltd          TL                 CRISIL BBB-    5140    Reaffirmed
Avaada Solarise Energy Pvt Ltd          WC Fac             CRISIL BBB-    130     Reaffirmed
Avaada Solarise Energy Pvt Ltd          Proposed LOC       Provisional    3400    Reaffirmed
                                                           CRISIL AAA(CE)
Bhadiyadra Gems                         Export Packing     CRISIL BB-     70      Reaffirmed
                                        Credit
(Issuer Not Cooperating); Rating Migrated
Bhadiyadra Gems                         Proposed LT Bk     CRISIL BB-     2.9     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Bhati Constructions                     CC/ Overdraft Fac  CRISIL BB      40      Reaffirmed
(Issuer Not Cooperating)
Bhati Constructions                     LT Loan            CRISIL BB      12.4    Reaffirmed
(Issuer Not Cooperating)
Bhati Constructions                     Proposed LT Bk     CRISIL BB      7.6     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Bholaram Education Society              BG                 -              40      Withdrawn
(Rating Reaffirmed and Withdrawn)
Bholaram Education Society              Proposed FB Bk     -              55      Withdrawn
                                        Limits
(Rating Reaffirmed and Withdrawn)
Bholaram Education Society              Rupee TL           -              5       Withdrawn
(Rating Reaffirmed and Withdrawn)
Binary Apparel Park Pvt Ltd             LT Loan            CRISIL B       120     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Binjrajka Value Steels Pvt Ltd          CC                 CRISIL BB+     250     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Binjrajka Value Steels Pvt Ltd          Proposed LT Bk     CRISIL BB+     10      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Binjrajka Value Steels Pvt Ltd          TL                 CRISIL BB+     40      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Blue Whale Machinery Technologies Pvt   CC                 CRISIL BB-     30      Reaffirmed
Ltd
(Placed on Rating Watch with  Developing Implication)
Blue Whale Machinery Technologies Pvt   Proposed FB Bk     CRISIL BB-     60      Reaffirmed
Ltd                                     Limits
(Placed on Rating Watch with  Developing Implication)
Bommidala Purnaiah Holdings Pvt Ltd     Open CC            CRISIL C       242     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Bommidala Purnaiah Holdings Pvt Ltd     Proposed LT Bk     CRISIL C       7.7     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Bommidala Purnaiah Holdings Pvt Ltd     WC Demand Loan     CRISIL C       48      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Brew Force Technologies                 CC/ Overdraft Fac  CRISIL B+      70      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Brew Force Technologies                 Proposed LT Bk     CRISIL B+      15      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Brijlax Auto Pvt Ltd                    CC                 CRISIL BB-     5       Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Brijlax Auto Pvt Ltd                    Electronic Dealer  CRISIL BB-     46      Reaffirmed
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating); Rating Migrated
Brijlax Auto Pvt Ltd                    LT Loan            CRISIL BB-     10.8    Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Brisk India Pvt Ltd                     CC                 CRISIL BB      50      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Creative Components Pvt Ltd             CC                 CRISIL BB      45      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Creative Components Pvt Ltd             LT Loan            CRISIL BB      49.2    Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Creative Components Pvt Ltd             Proposed LT Bk     CRISIL BB      0.8     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Divya Engineering                       CC                 CRISIL B       0.5     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Divya Engineering                       Proposed LT Bk     CRISIL B       22      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Divya Engineering                       TL                 CRISIL B       7.5     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Dutta Agro Plantations Pvt Ltd          CC                 CRISIL D       36.5    Reaffirmed
(Issuer Not Cooperating)
Dutta Agro Plantations Pvt Ltd          LT Loan            CRISIL D       55      Reaffirmed
(Issuer Not Cooperating)
Dutta Agro Plantations Pvt Ltd          Proposed LT Bk     CRISIL D       3.5     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating)
Dynomerk Controls                       CC                 CRISIL BB-     40      Reaffirmed
Dynomerk Controls                       Proposed LT Bk     CRISIL BB-     5       Reaffirmed
                                        Loan Fac
Dynomerk Controls                       TL                 CRISIL BB-     5       Reaffirmed
Eagle Electronics India Pvt Ltd         CC                 CRISIL BB      90      Reaffirmed
(Issuer Not Cooperating)
Eagle Electronics India Pvt Ltd         Proposed WC Fac    CRISIL BB      30      Reaffirmed
(Issuer Not Cooperating)
Ekta Rice Land                          CC                 CRISIL BB-     40      Assigned
Ekta Rice Land                          Rupee TL           CRISIL BB-     60      Assigned
Elan Agrochem Pvt Ltd                   CC                 CRISIL B       50      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Elan Agrochem Pvt Ltd                   Proposed CC Limit  CRISIL B       60      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Elan Agrochem Pvt Ltd                   Proposed TL        CRISIL B       70      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Enal Drugs Pvt Ltd                      CC                 CRISIL BB-     50      -
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Enal Drugs Pvt Ltd                      LT Loan            CRISIL BB-     50      -
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Enal Drugs Pvt Ltd                      Proposed LT Bk     CRISIL BB-     10      -
                                        Loan Fac
Migrated from CRISIL B+/Stable (Issuer Not Cooperating)
Fujiyama Power Systems Pvt Ltd          CC                 CRISIL BB+     86      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Fujiyama Power Systems Pvt Ltd          Proposed CC Limit  CRISIL BB+     64      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Galaxy Papers Pvt Ltd                   CC                 CRISIL BB-     80      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Galaxy Papers Pvt Ltd                   TL                 CRISIL BB-     20      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Gandhi Automations Pvt Ltd              CC                 CRISIL BBB     230     Reaffirmed
Gandhi Automations Pvt Ltd              Proposed LT Bk     CRISIL BBB     78.7    Reaffirmed
                                        Loan Fac
Gandhi Automations Pvt Ltd              Rupee TL           CRISIL BBB     61.3    Reaffirmed
Garuda Power Pvt Ltd                    CC                 CRISIL BBB     30.2    Reaffirmed
Garuda Power Pvt Ltd                    Proposed TL        CRISIL BBB     9.8     Reaffirmed
Gorakhpur Resources Ltd                 CC                 CRISIL B+      105     Reaffirmed
Gorakhpur Resources Ltd                 LT Loan            CRISIL B+      105     Reaffirmed
Guru Gobind Foods And Agro Pvt Ltd      CC                 CRISIL D       50      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Guru Gobind Foods And Agro Pvt Ltd      LT Loan            CRISIL D       80      Downgraded
                                                                                  from CRISIL
                                                                                  B-/Stable
(Issuer Not Cooperating)
Hari Vegetable Products Pvt Ltd         CC                 CRISIL BB+     75      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Header Systems India Ltd                WC Demand Loan     CRISIL BB-     8.4     Assigned
Header Systems India Ltd                TL                 CRISIL BB-     24      Assigned
Header Systems India Ltd                CC                 CRISIL BB-     60      Assigned
Hindustan Hardy Ltd                     CC                 CRISIL BB-     55      Reaffirmed
Hindustan Hardy Ltd                     Proposed FB Bk     CRISIL BB-     72.8    Reaffirmed
                                        Limits
Hindustan Hardy Ltd                     TL                 CRISIL BB-     6.9     Assigned
Indiabulls Housing Finance Ltd          CC                 CRISIL AA+     77950   Reaffirmed
(Continues on Rating Watch with Developing Implications)
Indiabulls Housing Finance Ltd          LT Bk Fac          CRISIL AA+     330     Reaffirmed
(Continues on Rating Watch with Developing Implications)
Indiabulls Housing Finance Ltd          Proposed LT Bk     CRISIL AA+     167219.8Reaffirmed
                                        Loan Fac
(Continues on Rating Watch with Developing Implications)
Indiabulls Housing Finance Ltd          Retail Bonds       CRISIL AA+     120000  -
                                        Issue*
(Continues on Rating Watch with
Developing Implications). *Includes secured NCD and unsecured subordinated debt
Indiabulls Housing Finance Ltd          Retail Bonds Issue CRISIL AA+     30000   -
(Continues on Rating Watch with
Developing Implications). *Includes secured NCD and unsecured subordinated debt
Indiabulls Housing Finance Ltd          NCDs               CRISIL AA+     343000  -
(Continues on Rating Watch with
Developing Implications)
Indiabulls Housing Finance Ltd          Subordinated Debt  CRISIL AA+     25000   -
(Continues on Rating Watch with
Developing Implications)
Jai Shanker Rice and General Mills      CC                 CRISIL B+      100     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Jai Shanker Rice and General Mills      TL                 CRISIL B+      30      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Joy Guru Rice Mill                      CC                 CRISIL BB-     30      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Joy Guru Rice Mill                      Proposed LT Bk     CRISIL BB-     8       Reaffirmed
                                        Loan Fac
(Placed on Rating Watch with  Developing Implication)
Joy Guru Rice Mill                      TL                 CRISIL BB-     32      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Kaluram Food Products Pvt Ltd           CC                 CRISIL BB+     210.3   Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Kaluram Food Products Pvt Ltd           TL                 CRISIL BB+     57      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Kamac Engineers Pvt Ltd                 CC                 CRISIL BBB     67.5    -
Upgraded from CRISIL BBB-/Positive
Karthik Travels Pvt Ltd                 Overdraft          CRISIL B-      60      Reaffirmed
(Issuer Not Cooperating)
KMC Plastochem                          CC                 CRISIL BB-     40      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
KMC Plastochem                          Proposed LT Bk     CRISIL BB-     65      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
KMC Plastochem                          TL                 CRISIL BB-     45      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Kmk Event Management Ltd                CC                 CRISIL BB      40      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Kmk Event Management Ltd                Proposed LT Bk     CRISIL BB      12      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Krish Infratel Pvt Ltd                  CC                 CRISIL BB-     56.6    Reaffirmed
Krish Infratel Pvt Ltd                  Proposed FB Bk     CRISIL BB-     0.4     Reaffirmed
                                        Limits
Laila Nutraceuticals                    LT Loan            CRISIL BB      30      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Laila Nutraceuticals                    Proposed LT Bk     CRISIL BB      180     Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Laila Nutraceuticals                    Standby Line of    CRISIL BB      70      Reaffirmed
                                        Credit
(Issuer Not Cooperating); Rating Migrated
Lamina Foundries Ltd                    CC                 -              85.5    Withdrawn
(Issuer Not Cooperating)
Lamina Foundries Ltd                    Foreign Bill       -              9.1     Withdrawn
                                        Purchase
(Issuer Not Cooperating)
Lamina Foundries Ltd                    Fund & NFBL        -              64.2    Withdrawn
(Issuer Not Cooperating)
Lamina Foundries Ltd                    LOC & BG           -              54.7    Withdrawn
(Issuer Not Cooperating)
Lamina Foundries Ltd                    Proposed LT Bk     -              22.6    Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Lamina Foundries Ltd                    WC Demand Loan     -              34.7    Withdrawn
(Issuer Not Cooperating)
Lifeways Infraestate Pvt Ltd            LT Loan            CRISIL B-      70      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Lunia Marketing Pvt Ltd                 CC                 CRISIL BBB     97.5    Reaffirmed
Migrated from CRISIL BBB/Stable (Issuer Not Cooperating)*
Lunia Marketing Pvt Ltd                 Proposed CC Limit  CRISIL BBB     27.5    Reaffirmed
Migrated from CRISIL BBB/Stable (Issuer Not Cooperating)*
M. Tarun Diamonds Pvt Ltd               Post Shipment      CRISIL BB+     183.3   -
                                        Credit
Downgraded from CRISIL BBB-/Stable
M. Tarun Diamonds Pvt Ltd               Proposed LT Bk     CRISIL BB+     416.7   -
                                        Loan Fac
Downgraded from CRISIL BBB-/Stable
Maheshwari Solvent Extractions Ltd      CC                 CRISIL B       60      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Maheshwari Solvent Extractions Ltd      Proposed LT Bk     CRISIL B       28      Reaffirmed
                                        Loan Fac
(Issuer Not Cooperating); Rating Migrated
Maheshwari Solvent Extractions Ltd      TL                 CRISIL B       9       Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Mashkoor Cold Storage Pvt Ltd           CC                 CRISIL B       27      Assigned
Mashkoor Cold Storage Pvt Ltd           TL                 CRISIL B       60      Assigned
Megaa Moda Pvt Ltd                      BG                 -              6       Withdrawn
(Issuer Not Cooperating)
Megaa Moda Pvt Ltd                      Export Packing     -              250     Withdrawn
                                        Credit
(Issuer Not Cooperating)
Megaa Moda Pvt Ltd                      Post Shipment      -              307.5   Withdrawn
                                        Credit
(Issuer Not Cooperating)
Megaa Moda Pvt Ltd                      Standby LOC        -              3.5     Withdrawn
(Issuer Not Cooperating)
Megaa Moda Pvt Ltd                      TL                 -              180     Withdrawn
(Issuer Not Cooperating)
Navya Fashions Pvt Ltd                  CC                 CRISIL BB      150     Reaffirmed
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Navya Fashions Pvt Ltd                  TL                 CRISIL BB      20      Reaffirmed
Migrated from CRISIL BB/Stable (Issuer Not Cooperating)
Omprakash Trading Co.                   CC                 CRISIL BB-     130     Reaffirmed
Omprakash Trading Co.                   Proposed LT Bk     CRISIL BB-     30      Assigned
                                        Loan Fac
Opalium International Exports           CC                 -              15      Withdrawn
(Issuer Not Cooperating); Rating Migrated
Opalium International Exports           Packing Credit     -              30      Withdrawn
(Issuer Not Cooperating); Rating Migrated
Opalium International Exports           Packing Credit in  -              15      Withdrawn
                                        Foreign Currency
(Issuer Not Cooperating); Rating Migrated
P. R. Fasteners Pvt Ltd                 CC                 -              100     Withdrawn
(Rating Reaffirmed and Withdrawn)
P. R. Fasteners Pvt Ltd                 LOC                -              20      Withdrawn
(Rating Reaffirmed and Withdrawn)
P. R. Fasteners Pvt Ltd                 LT Loan            -              55      Withdrawn
(Rating Reaffirmed and Withdrawn)
Padmini Bakers Pvt Ltd                  CC                 CRISIL B       50      -
Upgraded from CRISIL D
Padmini Bakers Pvt Ltd                  LT Loan            CRISIL B       43      -
Upgraded from CRISIL D
Penguin Apparels Pvt Ltd                CC                 CRISIL BBB     50      Reaffirmed
Penguin Apparels Pvt Ltd                Export Packing     CRISIL BBB     55
                                        Credit
Penguin Apparels Pvt Ltd                LT Loan            CRISIL BBB     45      Reaffirmed
Penguin Apparels Pvt Ltd                Proposed LT Bk     CRISIL BBB     22.4    Assigned
                                        Loan Fac
Prakash Industries - Junagadh           CC                 -              50      Withdrawn
(Issuer Not Cooperating)
Prakash Industries - Junagadh           Proposed LT Bk     -              0.6     Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Prasha Technologies Ltd                 CC                 CRISIL B       100     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Prasha Technologies Ltd                 LT Loan            CRISIL B       10      Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Prasha Technologies Ltd                 Proposed LT Bk     CRISIL B       30      Reaffirmed
                                        Loan Fac
(Placed on Rating Watch with  Developing Implication)
Pure Solar Pvt Ltd                      CC                 CRISIL BB-     32.5    Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Raghu Infra Pvt Ltd                     BG                 -              750     Withdrawn
(Issuer Not Cooperating)
Raghu Infra Pvt Ltd                     CC                 -              400     Withdrawn
(Issuer Not Cooperating)
Ram Shoes                               LT Loan            CRISIL BB+     32      Reaffirmed
Ram Shoes                               Proposed LT Bk     CRISIL BB+     68      Reaffirmed
                                        Loan Fac
Ramnik Power and Alloys Pvt Ltd         CC                 -              30      Withdrawn
(Issuer Not Cooperating)
Ramnik Power and Alloys Pvt Ltd         Proposed WC Fac    -              184.4   Withdrawn
(Issuer Not Cooperating)
Ramnik Power and Alloys Pvt Ltd         TL                 -              35.6    Withdrawn
(Issuer Not Cooperating)
RFE Belgaum Solar Pvt Ltd               TL                 CRISIL A-      659.7   Assigned
S S Multi Services                      Proposed FB Bk     CRISIL BB      90      Assigned
                                        Limits
Santladevi Resorts                      Cash TL            CRISIL B       213.1   Assigned
Shairu Gems Diamonds Pvt Ltd            Packing Credit     CRISIL BBB+    2132    Reaffirmed
Shairu Gems Diamonds Pvt Ltd            Proposed LT Bk     CRISIL BBB+    118     Reaffirmed
                                        Loan Fac
Shairu Gems Diamonds Pvt Ltd            Standby Line of    CRISIL BBB+    382     Reaffirmed
                                        Credit
Shree Bharani Spinnings India Ltd       BG                 CRISIL D       2.5     Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Shree Bharani Spinnings India Ltd       CC                 CRISIL D       52.5    Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Shree Bharani Spinnings India Ltd       LOC                CRISIL D       25      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Shree Bharani Spinnings India Ltd       LT Loan            CRISIL D       40      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Shriniwas Ginning Industries            CC                 -              80      Withdrawn
(Issuer Not Cooperating)
Shriniwas Ginning Industries            TL                 -              5.4     Withdrawn
(Issuer Not Cooperating)
Shriniwas Ginning Industries            Warehouse Financing-              14.6    Withdrawn
(Issuer Not Cooperating)
Shruti Sales Corporation                CC                 CRISIL B+      90      Reaffirmed
Shruti Sales Corporation                Proposed CC Limit  CRISIL B+      10      Reaffirmed
Somany Ceramics Ltd                     CC                 CRISIL AA-     2150    Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Somany Ceramics Ltd                     Proposed FB Bk     CRISIL AA-     85.7    Reaffirmed
                                        Limits
(Placed on Rating Watch with  Developing Implication)
Somany Ceramics Ltd                     TL                 CRISIL AA-     1164.3  Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Somany Fine Vitrified Pvt Ltd           CC                 CRISIL A       150     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Somany Fine Vitrified Pvt Ltd           LT Loan            CRISIL A       160     Reaffirmed
(Placed on Rating Watch with  Developing Implication)
Somany Fine Vitrified Pvt Ltd           Proposed FB Bk     CRISIL A       90      Reaffirmed
                                        Limits
(Placed on Rating Watch with  Developing Implication)
Sunil Kumar Agrawal - Raigarh           BG                 -              165     Withdrawn
(Issuer Not Cooperating)
Sunil Kumar Agrawal - Raigarh           CC                 -              82.5    Withdrawn
(Issuer Not Cooperating)
Sunil Kumar Agrawal - Raigarh           Proposed BG        -              185     Withdrawn
(Issuer Not Cooperating)
Sunil Kumar Agrawal - Raigarh           Proposed CC Limit  -              67.5    Withdrawn
(Issuer Not Cooperating)
Suvidhi Rayons Pvt Ltd                  CC                 CRISIL BB+     280     Reaffirmed
Suvidhi Rayons Pvt Ltd                  TL                 CRISIL BB+     8.4     Assigned
Taurus Packaging Pvt Ltd                CC                 CRISIL BB      100     Reaffirmed
Track Components Ltd                    BG                 -              7.5     Withdrawn
Track Components Ltd                    CC                 -              775     Withdrawn
Track Components Ltd                    LOC                -              310     Withdrawn
Track Components Ltd                    TL                 -              307.5   Withdrawn
Tricolite Electrical Industries Ltd     CC                 CRISIL BB-     60      Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Tricolite Electrical Industries Ltd     LT Loan            CRISIL BB-     8       Reaffirmed
(Issuer Not Cooperating); Rating Migrated
Tulsi Paper Mills Pvt Ltd               CC                 CRISIL BBB     180     Reaffirmed
Outlook revised from Stable and rating reaffirmed
Tulsi Paper Mills Pvt Ltd               Proposed LT Bk     CRISIL BBB     0.5     Reaffirmed
                                        Loan Fac
Outlook revised from Stable and rating reaffirmed
Tulsi Paper Mills Pvt Ltd               TL                 CRISIL BBB     249.5   Reaffirmed
Outlook revised from Stable and rating reaffirmed
Ujjain Charitable Trust Hospital and    BG                 -              60      Withdrawn
Research Centre
Ujjain Charitable Trust Hospital and    CC                 -              30      Withdrawn
Research Centre
Ujjain Charitable Trust Hospital and    LT Loan            -              110     Withdrawn
Research Centre
Unique Gems                             Post Shipment      CRISIL BBB-    300     Reaffirmed
                                        Credit
--------------------------------------------------------------------------------------------
$: 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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