September 18, 2019 / 8:41 AM / a month ago

CRISIL ratings for Indian debt instruments-Sep 18

    Sep 18 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 17, 2019.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
Amrit Exports Pvt Ltd                   BG                 CRISIL A4      7.5     -
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   Foreign Bill       CRISIL A4      100     -
                                        Purchase
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   Inland/Import LOC  CRISIL A4      30      -
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   Packing Credit     CRISIL A4      182.5   -
(Issuer Not Cooperating)
Aryacon Contractors and Engineers       BG                 CRISIL A4      10      Reaffirmed
Best Buildwell Pvt Ltd                  BG                 CRISIL A4+     70      -
(Issuer Not Cooperating)
Bhambhani Shipping Ltd                  BG                 CRISIL A4      18.4    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Bhambhani Shipping Ltd                  Overdraft          CRISIL A4      21.6    Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Bharat Exim and Trading Company Pvt Ltd Export Bill        CRISIL A4      178     Reaffirmed
                                        Negotiation
Bharat Exim and Trading Company Pvt Ltd Standby LOC        CRISIL A4      35.6    Reaffirmed
Bhilai Engineering Works                BG                 CRISIL A4      13      -
(Issuer Not Cooperating)
Bhilai Engineering Works                LOC                CRISIL A4      4       -
(Issuer Not Cooperating)
Bhuvaneshwari Textiles Pvt Ltd          LOC                CRISIL A4+     40      Upgraded from
                                                                                  CRISIL A4
Cosmos Water Solutions Pvt Ltd          Foreign Exchange   CRISIL A4+     3.1     -
                                        Forward
(Issuer Not Cooperating)
Cosmos Water Solutions Pvt Ltd          LOC                CRISIL A4+     25      -
(Issuer Not Cooperating)
Crown Steel Company                     Foreign Exchange   CRISIL A4      9.5     -
                                        Forward
(Issuer Not Cooperating)
Crown Steel Company                     LOC                CRISIL A4      425     -
(Issuer Not Cooperating)
Divyalakshmi Textiles Pvt Ltd           LOC & BG           CRISIL A4      45      -
(Issuer Not Cooperating)
DVB Technologies Pvt Ltd                BG                 CRISIL A4      5       -
(Issuer Not Cooperating)
DVB Technologies Pvt Ltd                LOC                CRISIL A4      6       -
(Issuer Not Cooperating)
Elegant Overseas                        Packing Credit     CRISIL A4+     120     Assigned
Elegant Overseas                        LOC                CRISIL A4+     45      Assigned
Euro Panel Products Pvt Ltd             BG                 CRISIL A4+     10      Reaffirmed
Euro Panel Products Pvt Ltd             LOC                CRISIL A4+     148     Reaffirmed
Expert Particle Board                   BG                 CRISIL A4      7.5     Reaffirmed
Gangamai Industries and Constructions   BG                 CRISIL A3      250     Migrated from
Ltd                                                                               CRISIL A4+
(Issuer Not Cooperating)
Gulshan Rai Jain II                     BG                 CRISIL A4      375     -
(Issuer Not Cooperating)
Habib Textiles Pvt Ltd                  Overdraft          CRISIL A4+     50      -
(Issuer Not Cooperating)
Heena Engineering Co. Ltd               Inland/Import LOC  CRISIL A4      5       -
(Issuer Not Cooperating)
Imperial Auto Industries Ltd            LOC & BG           CRISIL A1      85      Reaffirmed
Innovative Vastunirman Pvt Ltd          BG                 CRISIL A4+     45      -
(Issuer Not Cooperating)
Innovative Vastunirman Pvt Ltd          LOC                CRISIL A4+     5       -
(Issuer Not Cooperating)
ITC Ltd                                 ST Bk Fac**        CRISIL A1+     7500    Reaffirmed
**Interchangeable between letter of credit and bank guarantee.
Jayalakshmi Textiles Pvt Ltd            BG                 CRISIL A4      7.5     Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            Bill Negotiation   CRISIL A4      5       Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            Foreign Bill       CRISIL A4      10      Revised from
                                        Negotiation                               CRISIL A4+
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            Import LOC Limit   CRISIL A4      50      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            Inland/Import LOC  CRISIL A4      30      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
K. R. M. Ramadevi Enterprises Pvt Ltd   BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
K. R. M. Ramadevi Enterprises Pvt Ltd   Loan Equivalent    CRISIL A4+     4.3     -
                                        Risk Limits
(Issuer Not Cooperating)
K.S.Selections Pvt Ltd                  BG                 CRISIL A4      5
Kotak Investment Advisors Ltd           BG                 CRISIL A1+     300     Reaffirmed
Kotak Investment Advisors Ltd           CP                 CRISIL A1+     1000    Reaffirmed
Lamifabs and Papers Pvt Ltd             BG                 CRISIL A4      7.5     Reaffirmed
M B Rubber Pvt Ltd                      BG                 CRISIL A4+     160     -
(Issuer Not Cooperating)
M B Rubber Pvt Ltd                      LOC                CRISIL A4+     40      -
(Issuer Not Cooperating)
Mandhana Plastics Pvt Ltd               LOC                CRISIL A4+     25      -
(Issuer Not Cooperating)
Manoj Jaiswal and Others                Overdraft          CRISIL A4      60      -
(Issuer Not Cooperating)
Mansi International Pvt Ltd             LOC                CRISIL A4      35      -
(Issuer Not Cooperating)
Masyc Projects Pvt Ltd                  BG                 CRISIL A4+     50      -
(Issuer Not Cooperating)
Masyc Projects Pvt Ltd                  LOC                CRISIL A4+     10      -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            BG                 CRISIL A4+     5       -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            LOC                CRISIL A4+     5       -
(Issuer Not Cooperating)
Musale Construction                     BG                 CRISIL A4      80      -
(Issuer Not Cooperating)
Namdhari Seeds Pvt Ltd                  Packing Credit in  CRISIL A2+     430     Reaffirmed
                                        Foreign Currency
Natraj Home Furnishings Pvt Ltd         Foreign Exchange   CRISIL A4      5       -
                                        Forward
(Issuer Not Cooperating)
Natraj Home Furnishings Pvt Ltd         Packing Credit     CRISIL A4      30      -
(Issuer Not Cooperating)
Nirmala Rice Pvt Ltd                    BG                 CRISIL A4      10      -
(Issuer Not Cooperating)
P. S. Infrabuild Pvt Ltd                BG                 CRISIL A4      46      -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING')
P.K.Hospitality Services Pvt Ltd        BG                 CRISIL A4      80      -
(ISSUER NOT COOPERATING; Revised from 'CRISIL A4+ ISSUER NOT COOPERATING')
Peekay Agencies Pvt Ltd                 LOC & BG           CRISIL A3+     70      Upgraded from
                                                                                  CRISIL A3
Peekay Dealer Pvt Ltd                   LOC & BG           CRISIL A3+     90      Upgraded from
                                                                                  CRISIL A3
PMR Farms                               Overdraft          CRISIL A4      30      -
(Issuer Not Cooperating)
Pressmach Engineers Pvt Ltd             BG                 CRISIL A4+     20      -
(Migrated from 'CRISIL A4+ ISSUER NOT COOPERATING' )
Sai Highway And Builders Pvt Ltd        BG                 CRISIL A4+     80      -
(Issuer Not Cooperating)
Sam India Builtwell Pvt Ltd             BG                 CRISIL A2+     3150
Sam India Builtwell Pvt Ltd             Proposed BG        CRISIL A2+     1350    Upgraded from
                                                                                  CRISIL A2
Secunderabad Hotels Pvt Ltd             BG                 CRISIL A3+     20      Reaffirmed
Secunderabad Hotels Pvt Ltd             Overdraft          CRISIL A3+     150     Reaffirmed
Skylark Industries                      BG                 CRISIL A4+     35      -
(Issuer Not Cooperating)
Sudheer Overseas Pvt Ltd                LOC                CRISIL A4      60      Revised from
                                                                                  CRISIL A4+
(Issuer Not Cooperating)
Suraj Impex India Pvt Ltd               Export Packing     CRISIL A4+     600     Reaffirmed
                                        Credit
Suraj Impex India Pvt Ltd               Foreign            CRISIL A4+     72      Reaffirmed
                                        Documentary Bills
                                        Purchase
Suraj Impex India Pvt Ltd               Foreign Exchange   CRISIL A4+     2.4     Reaffirmed
                                        Forward
Surbhi Gems                             Packing Credit     CRISIL A4      240     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+'
TAL Manufacturing Solutions Ltd         Bill Discounting   CRISIL A1      150     -
(Continues on 'Rating Watch with Positive Implications' )
TAL Manufacturing Solutions Ltd         LOC & BG           CRISIL A1      3000    -
(Continues on 'Rating Watch with Positive Implications' )
Tata Advanced Systems Ltd               Foreign Exchange   CRISIL A1+     238.7   -
                                        Forward
(Continues  on 'Rating Watch with Developing Implications')
Tata Advanced Systems Ltd               Non-FBL            CRISIL A1+     2900    -
(Continues  on 'Rating Watch with Developing Implications')
Unique International Pvt Ltd            Packing Credit     CRISIL A4+     90      Reaffirmed
Unique Ship Breaking Corporation        LOC                CRISIL A4+     400     -
(Issuer Not Cooperating)
Variety Polyesters Pvt Ltd              BG                 CRISIL A4      14      -
(Issuer Not Cooperating)
Vital Laboratories Pvt Ltd              LOC                CRISIL A2      520     Downgraded
                                                                                  from 'CRISIL
                                                                                  A2+'


LONG TERM RATINGS:
-------------------
Aaryan Lamifab Pvt Ltd                  CC                 CRISIL BB-     65      Assigned
Aaryan Lamifab Pvt Ltd                  Proposed LT Bk     CRISIL BB-     185     Assigned
                                        Loan Fac
Alfa Chemo Plast Pvt Ltd                CC                 -              25      Withdrawn
(Issuer Not Cooperating)
Alfa Chemo Plast Pvt Ltd                LOC                -              55      Withdrawn
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   Overdraft          CRISIL B+      10      -
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   Proposed FB Bk     CRISIL B+      28.9    -
                                        Limits
(Issuer Not Cooperating)
Amrit Exports Pvt Ltd                   TL                 CRISIL B+      30      -
(Issuer Not Cooperating)
Andhra Pradesh Power Finance            Bond Series        CRISIL D       5972    Reaffirmed
Corporation Ltd                         I/2005* 
*Amount outstanding as on March 31, 2013
Andhra Pradesh Power Finance            Bond Series        CRISIL D       10533   Reaffirmed
Corporation Ltd                         I/2010* 
*Amount outstanding as on March 31, 2013
Andhra Pradesh Power Finance            Bond Series I &    CRISIL D       8983    Reaffirmed
Corporation Ltd                         II/2011* 
*Amount outstanding as on March 31, 2013
Andhra Pradesh Power Finance            Bond Series        CRISIL D       3141    Reaffirmed
Corporation Ltd                         I/2012* 
*Amount outstanding as on March 31, 2013
Andhra Pradesh Power Finance            Bond Series        CRISIL D       10000   Reaffirmed
Corporation Ltd                         II/2012 * 
*Amount outstanding as on March 31, 2013
Andhra Pradesh Power Finance            Bond               Provisional    50000   Withdrawn
Corporation Ltd                                            CRISIL
                                                           A+(CE)^/Stable
^A prefix of 'Provisional' indicates that the rating centrally factors in strength of specific
structures, and will be supported by certain critical documentation by the issuer, without which
the rating would either have been different or not assigned ab initio. This is in compliance
with a directive issued by the Securities and Exchange Board of India (SEBI) on May 6, 2015. 
Angayarkkanni Enterprises               CC                 CRISIL B+      15      -
(Issuer Not Cooperating)
Angayarkkanni Enterprises               WC TL              CRISIL B+      185     -
(Issuer Not Cooperating)
Annapurna Buildcon Infra Pvt Ltd        Proposed LT Bk     CRISIL B+      100     Reaffirmed
                                        Loan Fac
Annapurna Buildcon Infra Pvt Ltd        TL                 CRISIL B+      150     Reaffirmed
Ansari Estate Pvt Ltd                   Overdraft          CRISIL BB      170     -
(Issuer Not Cooperating)
Ansari Estate Pvt Ltd                   TL                 CRISIL BB      270     -
(Issuer Not Cooperating)
Aryacon Contractors and Engineers       CC                 CRISIL B+      60      Reaffirmed
Bakson Drugs and Pharmaceuticals Pvt LtdCC                 CRISIL BB+     120     Reaffirmed
Bakson Drugs and Pharmaceuticals Pvt LtdLT Loan            CRISIL BB+     40      Reaffirmed
Best Buildwell Pvt Ltd                  Drop Line          CRISIL BB      130     -
                                        Overdraft Fac
(Issuer Not Cooperating)
Bhambhani Shipping Ltd                  Rupee TL           CRISIL B+      260     Revised from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Bhavani Cotton                          CC                 CRISIL B+      79.5    Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Bhavani Cotton                          TL                 CRISIL B+      5.6     Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Bhilai Engineering Works                CC                 CRISIL B       30      -
(Issuer Not Cooperating)
Bhilai Engineering Works                TL                 CRISIL B       10      -
(Issuer Not Cooperating)
Bhuvaneshwari Textiles Pvt Ltd          CC                 CRISIL BB-     100     Upgraded from
                                                                                  CRISIL
                                                                                  B/Stable
Bhuvaneshwari Textiles Pvt Ltd          LT Loan            CRISIL BB-     30      Upgraded from
                                                                                  CRISIL
                                                                                  B/Stable
Bhuvaneshwari Textiles Pvt Ltd          Proposed LT Bk     CRISIL BB-     60      Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  B/Stable
Champion Advanced Materials Pvt Ltd     CC                 CRISIL B-      25      -
(Issuer Not Cooperating)
Champion Advanced Materials Pvt Ltd     LT Loan            CRISIL B-      95      -
(Issuer Not Cooperating)
Cosmos Water Solutions Pvt Ltd          CC                 CRISIL BB-     50      -
(Issuer Not Cooperating)
Crown Steel Company                     CC                 CRISIL B+      50      -
(Issuer Not Cooperating)
Delhi Electric Company                  BG                 -              15      Withdrawn
(Issuer Not Cooperating)
Delhi Electric Company                  CC                 -              37.5    Withdrawn
(Issuer Not Cooperating)
Divyalakshmi Textiles Pvt Ltd           CC                 CRISIL B+      95      -
(Issuer Not Cooperating)
Divyalakshmi Textiles Pvt Ltd           Proposed CC Limit  CRISIL B+      60      -
(Issuer Not Cooperating)
DVB Technologies Pvt Ltd                CC                 CRISIL B-      48      -
(Issuer Not Cooperating)
DVB Technologies Pvt Ltd                Proposed LT Bk     CRISIL B-      1       -
                                        Loan Fac
(Issuer Not Cooperating)
DVB Technologies Pvt Ltd                TL                 CRISIL B-      30      -
(Issuer Not Cooperating)
Elegant Overseas                        Fund & NFBL        CRISIL BB+     125     Assigned
Ess Emm Enterprises                     CC                 CRISIL B       70      -
(Issuer Not Cooperating)
Ess Emm Enterprises                     Proposed TL        CRISIL B       180     -
(Issuer Not Cooperating)
Euro Panel Products Pvt Ltd             CC                 CRISIL BB+     25      Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Euro Panel Products Pvt Ltd             LT Loan            CRISIL BB+     82      Upgraded from
                                                                                  CRISIL
                                                                                  BB/Stable
Evergreen Harvest Agro Products Pvt Ltd CC & WC demand loanCRISIL B+      4       Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Evergreen Harvest Agro Products Pvt Ltd LT Loan            CRISIL B+      70      Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Evergreen Harvest Agro Products Pvt Ltd Proposed WC Fac    CRISIL B+      1       Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Expert Particle Board                   CC                 CRISIL B       15      Reaffirmed
Expert Particle Board                   LT Loan            CRISIL B       73      Reaffirmed
Farmachem Life Pvt Ltd                  Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Focus Comtrade Pvt Ltd                  BG                 Withdrawn      60      Withdrawn
(Issuer Not Cooperating)
Focus Comtrade Pvt Ltd                  Packing Credit     Withdrawn      5       Withdrawn
(Issuer Not Cooperating)
Focus Comtrade Pvt Ltd                  Proposed LT Bk     Withdrawn      35      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
Gajanan Siddhivinayak Foods Pvt Ltd     CC                 CRISIL D       90      -
(Issuer Not Cooperating)
Gala Pulse Mill                         CC                 CRISIL B+      200     Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Gangamai Industries and Constructions   CC                 CRISIL BBB-    930     Migrated from
Ltd                                                                               CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Gangamai Industries and Constructions   Sugar Pledge CC    CRISIL BBB-    1520    Migrated from
Ltd                                                                               CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Ganpati Cold Storage                    Overdraft          CRISIL B       40      -
(Issuer Not Cooperating)
Ganpati Cold Storage                    TL                 CRISIL B       22.5    -
(Issuer Not Cooperating)
Gawar Rohna Sonepat Highways Pvt Ltd    Proposed LT Bk     CRISIL A-      10      Assigned
                                        Loan Fac
Gawar Rohna Sonepat Highways Pvt Ltd    Rupee TL*          CRISIL A-      3990    Assigned
*Mobilisation bank guarantee sublimit of Rs 112.2 crore
Goyal Rice Mills - Moonak (Punjab)      CC                 CRISIL B       50      Reaffirmed
Goyal Rice Mills - Moonak (Punjab)      TL                 CRISIL B       14      Reaffirmed
Goyal Rice Mills - Moonak (Punjab)      Warehouse FinancingCRISIL B       80      Reaffirmed
Gulshan Rai Jain II                     CC                 CRISIL B+      225     -
(Issuer Not Cooperating)
Habib Textiles Pvt Ltd                  CC                 CRISIL BB-     60      -
(Issuer Not Cooperating)
Heena Engineering Co. Ltd               CC                 CRISIL B+      50      -
(Issuer Not Cooperating)
Heena Engineering Co. Ltd               Proposed LT Bk     CRISIL B+      175     -
                                        Loan Fac
(Issuer Not Cooperating)
Hotel Sears Pvt Ltd                     LT Loan            CRISIL B       75      -
(Issuer Not Cooperating)
Imperial Auto Industries Ltd            CC*                CRISIL A       1920    Reaffirmed
*Fully interchangeable with post shipment loans
Imperial Auto Industries Ltd            Proposed LT Bk     CRISIL A       250     Reaffirmed
                                        Loan Fac
Imperial Auto Industries Ltd            TL                 CRISIL A       904.4   Assigned
Innovative Vastunirman Pvt Ltd          CC                 CRISIL BB      20      -
(Issuer Not Cooperating)
ITC Ltd                                 LT Bk Fac*         CRISIL AAA     10000   Reaffirmed
*Interchangeable between cash credit limit, working capital demand loan, export packing credit
(rupee and foreign currency), inland bill discounting, short-term line of credit, packaging
credit, and forwarding credit. 
Jai Bharat Rice Mills (Partnership) -   CC                 CRISIL B       250     Reaffirmed
Fazika
Jai Bharat Rice Mills (Partnership) -   Proposed LT Bk     CRISIL B       50      Reaffirmed
Fazika                                  Loan Fac
Jaika Automobiles and Finance Pvt Ltd   CC                 CRISIL BB-     220     -
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Jaika Automobiles and Finance Pvt Ltd   Channel Financing  CRISIL BB-     1239.5  -
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Jaika Automobiles and Finance Pvt Ltd   TL                 CRISIL BB-     73      -
(Migrated from 'CRISIL BB+/Stable ISSUER NOT COOPERATING')
Jayalakshmi Textiles Pvt Ltd            CC                 CRISIL B+      90      Revised from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            Proposed LT Bk     CRISIL B+      35.2    Revised from
                                        Loan Fac                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
Jayalakshmi Textiles Pvt Ltd            TL                 CRISIL B+      37.3    Revised from
                                                                                  CRISIL
                                                                                  BB/Stable
(Issuer Not Cooperating)
JKR Motors Pvt Ltd                      CC                 CRISIL B+      50      -
(Issuer Not Cooperating)
JMK Enterprises Pvt Ltd                 Channel Financing  CRISIL B+      90      -
(Issuer Not Cooperating)
JMK Enterprises Pvt Ltd                 Drop Line          CRISIL B+      13      -
                                        Overdraft Fac
(Issuer Not Cooperating)
JMK Enterprises Pvt Ltd                 LT Loan            CRISIL B+      35      -
(Issuer Not Cooperating)
JMK Enterprises Pvt Ltd                 Proposed LT Bk     CRISIL B+      43      -
                                        Loan Fac
(Issuer Not Cooperating)
K. R. M. Ramadevi Enterprises Pvt Ltd   CC                 CRISIL BB-     77.7    -
(Issuer Not Cooperating)
K.S.Selections Pvt Ltd                  CC                 CRISIL B+      50      Reaffirmed
K.S.Selections Pvt Ltd                  Proposed LT Bk     CRISIL B+      5       Assigned
                                        Loan Fac
Kalp Diamonds                           Export Packing     CRISIL D       40      -
                                        Credit
(Issuer Not Cooperating)
Kalp Diamonds                           Foreign Exchange   CRISIL D       4       -
                                        Forward
(Issuer Not Cooperating)
Kalp Diamonds                           Post Shipment      CRISIL D       110     -
                                        Credit
(Issuer Not Cooperating)
Kalp Diamonds                           Proposed LT Bk     CRISIL D       16      -
                                        Loan Fac
(Issuer Not Cooperating)
Karuppaswamy Builders Pvt Ltd           TL                 CRISIL B+      50      -
(Issuer Not Cooperating)
KIA Textiles Pvt Ltd                    CC                 CRISIL D       95      -
(Issuer Not Cooperating)
Kian chemicals Ltd                      CC                 CRISIL B       7.5     -
(Issuer Not Cooperating)
Kian chemicals Ltd                      LT Loan            CRISIL B       140     -
(Issuer Not Cooperating)
Kotak Investment Advisors Ltd           Overdraft          CRISIL AAA     400     Reaffirmed
Kotak Investment Advisors Ltd           NCD                CRISIL         2500    Assigned
                                                           AAA/Stable
Kotak Investment Advisors Ltd           PS                 CRISIL         1000    Reaffirmed
                                                           AAA/Stable
Lamifabs and Papers Pvt Ltd             CC                 CRISIL B       110     Reaffirmed
Lamifabs and Papers Pvt Ltd             LT Loan            CRISIL B       93      Reaffirmed
Lamifabs and Papers Pvt Ltd             Proposed LT Bk     CRISIL B       31.5    Reaffirmed
                                        Loan Fac
Lamifabs and Papers Pvt Ltd             TL                 CRISIL B       38      Reaffirmed
Lion Insulation Pvt Ltd                 CC                 CRISIL B-      30      -
(Issuer Not Cooperating)
Lion Insulation Pvt Ltd                 TL                 CRISIL B-      34      -
(Issuer Not Cooperating)
Lohitha Lifesciences Pvt Ltd            CC                 CRISIL B+      18      -
(Issuer Not Cooperating)
Lohitha Lifesciences Pvt Ltd            LT Loan            CRISIL B+      20      -
(Issuer Not Cooperating)
Lohitha Lifesciences Pvt Ltd            Proposed CC Limit  CRISIL B+      10      -
(Issuer Not Cooperating)
Lohitha Lifesciences Pvt Ltd            Proposed LT Bk     CRISIL B+      22      -
                                        Loan Fac
(Issuer Not Cooperating)
M B Rubber Pvt Ltd                      CC                 CRISIL BB-     100     -
(Issuer Not Cooperating)
M B Rubber Pvt Ltd                      Proposed BG        CRISIL BB-     7       -
(Issuer Not Cooperating)
M C Medical Services Pvt Ltd            CC                 -              20      Withdrawn
(Issuer Not Cooperating)
M C Medical Services Pvt Ltd            LT Loan            -              82      Withdrawn
(Issuer Not Cooperating)
M C Medical Services Pvt Ltd            Proposed LT Bk     -              23      Withdrawn
                                        Loan Fac
(Issuer Not Cooperating)
M Madhavaraya Prabhu                    CC                 CRISIL BB-     190     -
(Issuer Not Cooperating)
Maa Kudargarhi Steels Pvt Ltd           CC                 CRISIL B+      200     Revised from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Maa Kudargarhi Steels Pvt Ltd           TL                 CRISIL B+      100     Revised from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Machhi Ram Kishan Chand Sidana          CC                 CRISIL B+      250     -
(Issuer Not Cooperating)
Mahadev Steel Industries                CC                 CRISIL B+      80      -
(Issuer Not Cooperating)
Mahesh Hardware and Pipes Pvt Ltd       CC                 CRISIL BB      470     -
(Issuer Not Cooperating)
Mandhana Plastics Pvt Ltd               CC                 CRISIL BB      40      -
(Issuer Not Cooperating)
Mandhana Plastics Pvt Ltd               Proposed LT Bk     CRISIL BB      32.2    -
                                        Loan Fac
(Issuer Not Cooperating)
Mandhana Plastics Pvt Ltd               TL                 CRISIL BB      2.8     -
(Issuer Not Cooperating)
Mannar Group of Institution             TL                 CRISIL BB-     120     -
(Issuer Not Cooperating)
Manoj Jaiswal and Others                Proposed LT Bk     CRISIL B       30      -
                                        Loan Fac
(Issuer Not Cooperating)
Mansi International Pvt Ltd             CC                 CRISIL B       60      -
(Issuer Not Cooperating)
Mansi International Pvt Ltd             Proposed LT Bk     CRISIL B       5       -
                                        Loan Fac
(Issuer Not Cooperating)
Masyc Projects Pvt Ltd                  CC                 CRISIL BB      15      -
(Issuer Not Cooperating)
Mehta Feeds India Pvt Ltd               CC                 CRISIL BB-     44.6    -
(Issuer Not Cooperating)
Mehta Feeds India Pvt Ltd               Proposed LT Bk     CRISIL BB-     15.4    -
                                        Loan Fac
(Issuer Not Cooperating)
Mehta Feeds India Pvt Ltd               TL                 CRISIL BB-     40      -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            Bill Discounting   CRISIL BB      2.5     -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            CC                 CRISIL BB      200     -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            LT Loan            CRISIL BB      53.3    -
(Issuer Not Cooperating)
Miracle Cables India Pvt Ltd            Proposed LT Bk     CRISIL BB      4.2     -
                                        Loan Fac
(Issuer Not Cooperating)
Mounica Educational Society             Proposed LT Bk     CRISIL B+      100     -
                                        Loan Fac
(Issuer Not Cooperating)
Mounica Educational Society             TL                 CRISIL B+      45      -
(Issuer Not Cooperating)
Mula Sahakari Sakhar Karkhana Ltd       TL                 CRISIL B       182.5   -
(Issuer Not Cooperating)
Musale Construction                     CC                 CRISIL B+      75      -
(Issuer Not Cooperating)
Naga Sindhu Spinning and Ginning Mills  CC                 -              100     Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Naga Sindhu Spinning and Ginning Mills  Proposed CC Limit  -              20.6    Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Naga Sindhu Spinning and Ginning Mills  TL                 -              144.5   Withdrawn
Pvt Ltd
(Issuer Not Cooperating)
Namdhari Agro Fresh Pvt Ltd             CC                 CRISIL BBB     53.2    Reaffirmed
Namdhari Agro Fresh Pvt Ltd             Proposed CC Limit  CRISIL BBB     26.8    Reaffirmed
Namdhari Seeds Pvt Ltd                  CC                 CRISIL A-      370     Reaffirmed
Namdhari Seeds Pvt Ltd                  Proposed FB Bk     CRISIL A-      20      Reaffirmed
                                        Limits
Namdhari Seeds Pvt Ltd                  TL                 CRISIL A-      400     Reaffirmed
Narmada Solvex Pvt Ltd                  CC                 CRISIL BB+     600     -
(Issuer Not Cooperating)
National Trading Company                Proposed WC Fac    CRISIL B+      20      Reaffirmed
National Trading Company                WC Fac             CRISIL B+      80      Reaffirmed
Natraj Home Furnishings Pvt Ltd         Foreign Bill       CRISIL B+      50      -
                                        Discounting
(Issuer Not Cooperating)
New Diamond Fabtrends Pvt Ltd           CC                 -              30      Withdrawn
(Issuer Not Cooperating)
New Diamond Fabtrends Pvt Ltd           LOC                -              5       Withdrawn
(Issuer Not Cooperating)
New Diamond Fabtrends Pvt Ltd           Packing Credit     -              20      Withdrawn
(Issuer Not Cooperating)
Nirmala Rice Pvt Ltd                    CC                 CRISIL B       35      -
(Issuer Not Cooperating)
Nirmala Rice Pvt Ltd                    TL                 CRISIL B       15      -
(Issuer Not Cooperating)
P. S. Infrabuild Pvt Ltd                CC                 CRISIL B+      15      -
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
P. S. Infrabuild Pvt Ltd                Proposed LT Bk     CRISIL B+      24      -
                                        Loan Fac
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
P.K.Hospitality Services Pvt Ltd        Overdraft          CRISIL B+      166     -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
P.K.Hospitality Services Pvt Ltd        Proposed LT Bk     CRISIL B+      51.2    -
                                        Loan Fac
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
P.K.Hospitality Services Pvt Ltd        TL                 CRISIL B+      232.8   -
(ISSUER NOT COOPERATING; Revised from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Paladiya Brothers And Company           CC                 CRISIL B+      100     Revised from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Paladiya Brothers And Company           Export Packing     CRISIL B+      100     Revised from
                                        Credit                                    CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Paladiya Brothers And Company           TL                 CRISIL B+      21.4    Revised from
                                                                                  CRISIL
                                                                                  BB+/Stable
(Issuer Not Cooperating)
Peekay Agencies Pvt Ltd                 CC                 CRISIL BBB     50      Upgraded from
                                                                                  CRISIL
                                                                                  BBB-/Stable
Peekay Dealer Pvt Ltd                   CC                 CRISIL BBB     20      Upgraded from
                                                                                  CRISIL
                                                                                  BBB-/Stable
Planet Retail Holdings Pvt Ltd          CC                 CRISIL BB+     100     Downgraded
                                                                                  from 'CRISIL
                                                                                  BBB-/Stable
PMR Farms                               Proposed LT Bk     CRISIL B       19.5    -
                                        Loan Fac
(Issuer Not Cooperating)
PMR Farms                               TL                 CRISIL B       40.5    -
(Issuer Not Cooperating)
Pressmach Engineers Pvt Ltd             CC                 CRISIL BB      135     -
(Migrated from 'CRISIL BB-/Stable ISSUER NOT COOPERATING')
Pressmach Infrastructure Pvt Ltd        Bill Discounting   CRISIL B+      40      Migrated from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Pressmach Infrastructure Pvt Ltd        CC                 CRISIL B+      95      Migrated from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Pressmach Infrastructure Pvt Ltd        LT Loan            CRISIL B+      16      Migrated from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
PT Wind Energy                          TL                 -              63      Withdrawn
Rahil Cold Storage LLP                  CC                 CRISIL D       32.5    Downgraded
                                                                                  from 'CRISIL
                                                                                  B+/Stable'
Rahil Cold Storage LLP                  LT Loan            CRISIL D       149.2   Downgraded
                                                                                  from 'CRISIL
                                                                                  B+/Stable'
RD Forge Pvt Ltd                        Export Packing     CRISIL BB-     50      Upgraded from
                                        Credit                                    CRISIL
                                                                                  B+/Stable'
RD Forge Pvt Ltd                        Proposed CC Limit  CRISIL BB-     10      Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable'
RD Forge Pvt Ltd                        Proposed LT Bk     CRISIL BB-     30      Upgraded from
                                        Loan Fac                                  CRISIL
                                                                                  B+/Stable
RD Forge Pvt Ltd                        TL                 CRISIL BB-     35      Upgraded from
                                                                                  CRISIL
                                                                                  B+/Stable
Refex Energy Ltd                        BG                 -              600.1   Withdrawn
(Issuer Not Cooperating)
Refex Energy Ltd                        CC                 -              50      Withdrawn
(Issuer Not Cooperating)
Refex Energy Ltd                        LOC                -              100     Withdrawn
(Issuer Not Cooperating)
Refex Energy Ltd                        Overdraft          -              30      Withdrawn
(Issuer Not Cooperating)
Refex Energy Ltd                        Proposed WC Fac    -              345.5   Withdrawn
(Issuer Not Cooperating)
Refex Energy Ltd                        TL                 -              30      Withdrawn
(Issuer Not Cooperating)
Roofs and Ceilings (India) Pvt Ltd      BG                 -              100     Withdrawn
(Issuer Not Cooperating)
Roofs and Ceilings (India) Pvt Ltd      CC                 -              20      Withdrawn
(Issuer Not Cooperating)
Roofs and Ceilings (India) Pvt Ltd      LOC                -              100     Withdrawn
(Issuer Not Cooperating)
Sai Highway And Builders Pvt Ltd        Overdraft          CRISIL BB-     15      -
(Issuer Not Cooperating)
Santalall and Brothers                  CC                 -              20      Withdrawn
(Issuer Not Cooperating)
Santalall and Brothers                  Letter Of Guarantee-              80      Withdrawn
(Issuer Not Cooperating)
Santalall and Brothers                  Proposed NFBL      -              10      Withdrawn
(Issuer Not Cooperating)
SBL Energy Ltd                          Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Secunderabad Hotels Pvt Ltd             LT Loan            CRISIL BBB     430     Reaffirmed
Shree Rajasvi Polyesters                CC                 CRISIL B+      100     Reaffirmed
Shree Rajasvi Polyesters                Proposed LT Bk     CRISIL B+      102.1   Reaffirmed
                                        Loan Fac
Shri Mahesh Co-Op Spinning Mills Ltd    Proposed LT Bk     CRISIL B+      80      Reaffirmed
                                        Loan Fac
Skylark Industries                      CC                 CRISIL BB      55      -
(Issuer Not Cooperating)
Skylark Industries                      Proposed BG        CRISIL BB      30      -
(Issuer Not Cooperating)
Skylark Industries                      Proposed CC Limit  CRISIL BB      30      -
(Issuer Not Cooperating)
Slipons India Pvt Ltd                   CC                 CRISIL BB      75      -
(Issuer Not Cooperating)
Slipons India Pvt Ltd                   Proposed CC Limit  CRISIL BB      10      -
(Issuer Not Cooperating)
Special Blasts Ltd                      Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Sre Parthasarathi Hotels Pvt Ltd        Cash TL            CRISIL B       130     -
(Issuer Not Cooperating)
Sri Lakshmi Rice Industries             CC                 CRISIL B+      66.9    -
(Issuer Not Cooperating)
Sri Lakshmi Rice Industries             LT Loan            CRISIL B+      2       -
(Issuer Not Cooperating)
Sri Lakshmi Rice Industries             Proposed LT Bk     CRISIL B+      11.1    -
                                        Loan Fac
(Issuer Not Cooperating)
Sudheer Overseas Pvt Ltd                CC                 CRISIL B+      100     Revised from
                                                                                  CRISIL
                                                                                  BB-/Stable
(Issuer Not Cooperating)
Sun Projects (India) Pvt Ltd            CC/ Overdraft Fac  CRISIL B+      10      -
(Issuer Not Cooperating)
Suraj Impex India Pvt Ltd               CC                 CRISIL BB+     1568    Reaffirmed
Suraj Impex India Pvt Ltd               LT Loan            CRISIL BB+     65.8    Reaffirmed
Suraj Impex India Pvt Ltd               Proposed LT Bk     CRISIL BB+     676.6   Reaffirmed
                                        Loan Fac
Suraj Tradelink Pvt Ltd                 Bill Discounting   CRISIL B+      17.5    -
(Issuer Not Cooperating)
Suraj Tradelink Pvt Ltd                 CC                 CRISIL B+      30      -
(Issuer Not Cooperating)
Suraj Tradelink Pvt Ltd                 Proposed CC Limit  CRISIL B+      12.5    -
(Issuer Not Cooperating)
Suraj Tradelink Pvt Ltd                 Proposed LT Bk     CRISIL B+      10      -
                                        Loan Fac
(Issuer Not Cooperating)
Surbhi Gems                             Proposed LT Bk     CRISIL B+      40      Downgraded
                                        Loan Fac                                  from 'CRISIL
                                                                                  BB-/Stable'
TAL Manufacturing Solutions Ltd         CC                 CRISIL A+      1000    -
(Continues on 'Rating Watch with Positive Implications' )
TAL Manufacturing Solutions Ltd         LT Loan^           CRISIL A+      550     -
(Continues on 'Rating Watch with Positive Implications' )
^Interchangeable with letter of credit up to Rs.55.0 crore
TAL Manufacturing Solutions Ltd         Proposed FB Bk     CRISIL A+      150     -
                                        Limits
(Continues on 'Rating Watch with Positive Implications' )
TAL Manufacturing Solutions Ltd         Proposed LT Bk     CRISIL A+      15      -
                                        Loan Fac
(Continues on 'Rating Watch with Positive Implications' )
Tata Advanced Materials Ltd             CC*                CRISIL A+      3600    -
(Continues on 'Rating Watch with Positive Implications')
*Interchangeable with Packing Credit/Overdraft/Bill discounting/Letter of credit/Bank Guarantee.
Tata Advanced Materials Ltd             TL                 CRISIL A+      500     -
(Continues on 'Rating Watch with Positive Implications')
Tata Advanced Systems Ltd               CC                 CRISIL AA-     1350    -
Continues  on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               Foreign Currency TLCRISIL AA-     1002.5  -
Continues  on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               Proposed LT Bk     CRISIL AA-     558.8   -
                                        Loan Fac
Continues  on 'Rating Watch with Developing Implications'
Tata Advanced Systems Ltd               TL                 CRISIL AA-     1600    -
Continues  on 'Rating Watch with Developing Implications'
Telmos Automobiles Pvt Ltd              CC                 CRISIL BB-     10      -
(Issuer Not Cooperating)
Telmos Automobiles Pvt Ltd              Electronic Dealer  CRISIL BB-     60      -
                                        Financing
                                        Scheme(e-DFS)
(Issuer Not Cooperating)
Telmos Automobiles Pvt Ltd              Standby Line of    CRISIL BB-     7.5     -
                                        Credit
(Issuer Not Cooperating)
Tirumala Comprints Ltd                  CC                 CRISIL B-      88      -
(Issuer Not Cooperating)
Tirumala Comprints Ltd                  LT Loan            CRISIL B-      32      -
(Issuer Not Cooperating)
TLG Agro Traders Pvt Ltd                CC                 CRISIL B       172.5   -
(Issuer Not Cooperating)
TLG Agro Traders Pvt Ltd                Warehouse Receipts CRISIL B       22.4    -
(Issuer Not Cooperating)
Tulips Ambbience Pvt Ltd                CC                 CRISIL D       35      -
(Issuer Not Cooperating)
Tulips Ambbience Pvt Ltd                LOC                CRISIL D       3       -
(Issuer Not Cooperating)
Tulips Ambbience Pvt Ltd                TL                 CRISIL D       42      -
(Issuer Not Cooperating)
Unique International Pvt Ltd            Overdraft*         CRISIL BB      30      Reassigned
* Revolving in nature
Unique Ship Breaking Corporation        CC                 CRISIL BB-     50      -
(Issuer Not Cooperating)
Vaidyaratnam Oushadhasala Pvt Ltd       Rating Advisory    --             -       -
CRISIL is yet to receive adequate information from the company to enable it to undertake a
rating review.
Variety Polyesters Pvt Ltd              CC                 CRISIL B       65      -
(Issuer Not Cooperating)
Variety Polyesters Pvt Ltd              Proposed LT Bk     CRISIL B       19      -
                                        Loan Fac
(Issuer Not Cooperating)
Vayal Agri Trading Company              Proposed CC Limit  CRISIL B+      50      -
(Issuer Not Cooperating)
Vayal Agri Trading Company              Proposed LT Bk     CRISIL B+      46      -
                                        Loan Fac
(Issuer Not Cooperating)
Vayal Agri Trading Company              TL                 CRISIL B+      4       -
(Issuer Not Cooperating)
Vital Laboratories Pvt Ltd              CC                 CRISIL BBB+    1230    Downgraded
                                                                                  from 'CRISIL
                                                                                  A-/Stable'
Vital Laboratories Pvt Ltd              TL                 CRISIL BBB+    750     Downgraded
                                                                                  from 'CRISIL
                                                                                  A-/Stable'
Yes Bharath Wedding Collections         CC                 CRISIL BB-     50      Reaffirmed
Yes Bharath Wedding Collections         Proposed LT Bk     CRISIL BB-     30      Reaffirmed
                                        Loan Fac

--------------------------------------------------------------------------------------------
$: 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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