September 21, 2018 / 8:33 AM / 3 months ago

CRISIL ratings for Indian debt instruments-Sep 21

    Sep 21 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of
India (CRISIL) for local debt instruments as of September 20, 2018.


COMPANY                               INSTRUMENT         RATING         AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------         ------         -----   ---------
SHORT TERM RATINGS:
-------------------
A Balarama Raju                         BG                 CRISIL A4+     40      Reaffirmed
A D Electro Steel Co Pvt Ltd            BG                 CRISIL A4      30      -
Issuer Not Cooperating
A D Electro Steel Co Pvt Ltd            Export Packing     CRISIL A4      10      -
                                        Credit
Issuer Not Cooperating
Adachi Natural Polymer Ltd              Foreign Exchange   CRISIL A4+     0.4     Assigned
                                        Forward
Ajay Natavarlal Commodities Pvt Ltd     BG                 CRISIL A3      300     Reaffirmed
Andhra Pradesh Granite (Midwest) Pvt LtdBG                 CRISIL A4+     25      -
Issuer Not Cooperating
Andhra Pradesh Granite (Midwest) Pvt LtdForeign Bill       CRISIL A4+     150     -
                                        Negotiation
Issuer Not Cooperating
ANS Pvt Ltd                             BG                 CRISIL A3      350     Reaffirmed
Barnala Steel Industries - Ludhiana     LOC                CRISIL A4+     5       Assigned
BDS Projects India Pvt Ltd              BG                 CRISIL A4+     100     Reaffirmed
Cadila Healthcare Ltd                   BG                 CRISIL A1+     500     Reaffirmed
Cadila Healthcare Ltd                   LOC                CRISIL A1+     1000    Reaffirmed
Cadila Healthcare Ltd                   CP&                CRISIL A1+     2500    Reaffirmed
&Earlier STD (Including CP)
Calcast Ferrous Ltd                     BG                 CRISIL A3      40      Upgraded from
                                                                                  CRISIL A4+
Calcast Ferrous Ltd                     LOC                CRISIL A3      5       Upgraded from
                                                                                  CRISIL A4+
Calcutta Springs Ltd                    BG                 CRISIL A3      100     Upgraded from
                                                                                  CRISIL A4+
Calcutta Springs Ltd                    Foreign Bill       CRISIL A3      35      Upgraded from
                                        Purchase                                  CRISIL A4+
Calico Trends                           LOC                CRISIL A3+     30      Reaffirmed
Dharti Industries Pvt Ltd               Inland/Import LOC  CRISIL A4+     1       Reaffirmed
Diyan Papers LLP                        BG                 CRISIL A4+     30      Assigned
Eco Jute Pvt Ltd                        Proposed Packing   CRISIL A4+     15      Assigned
                                        Credit
Eco Jute Pvt Ltd                        Packing Credit     CRISIL A4+     70      Assigned
Exotica Ceramic Pvt Ltd                 BG                 CRISIL A4+     22.5    Reaffirmed
Godrej Industries Ltd                   CP Programme       CRISIL A1+     10000   Reaffirmed
ITC Ltd                                 ST Bk Fac**        CRISIL A1+     7500    Reaffirmed
**Interchangeable between letter of credit and bank guarantee.
Jay Autocomponents Ltd                  LOC                CRISIL A3      50      -
Issuer Not Cooperating
Jay Autocomponents Ltd                  Packing Credit in  CRISIL A3      50      -
                                        Foreign Currency
Issuer Not Cooperating
Kishoriji Exports                       Foreign Bill       CRISIL A4+     30      Assigned
                                        Discounting
Kishoriji Exports                       Packing Credit     CRISIL A4+     70      Assigned
Lalit Pipes and Pipes Ltd               BG**               CRISIL A4+     370     Reaffirmed
**Interchangeable with letter of credit & buyer's credit to the extent of Rs.13 crore
Lalit Pipes and Pipes Ltd               Proposed ST Bk     CRISIL A4+     310     Reaffirmed
                                        Loan Fac
Mahadeva Steel Mills Pvt Ltd            BG                 CRISIL A4+     15      -
Issuer Not Cooperating
Makson Health Care Pvt Ltd              LOC                CRISIL A4+     87.8    -
Issuer Not Cooperating
Om Sharda Logistics Pvt Ltd             BG                 CRISIL A4+     74      -
Issuer Not Cooperating
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL A4+     58.5    -
Issuer Not Cooperating
P Ramesh And Co                         BG                 CRISIL A4      100     Downgraded
                                                                                  from 'CRISIL
                                                                                  A4+
Pact Industries Ltd                     LOC                CRISIL A4+     20      -
Issuer Not Cooperating
Panorama Exports Pvt Ltd                Bill Discounting   CRISIL A3      100     Reaffirmed
Panorama Exports Pvt Ltd                Packing Credit     CRISIL A3      200     Reaffirmed
Polar Star                              Packing Credit in  CRISIL A4+     110     Reaffirmed
                                        Foreign Currency
Prime Civil Infrastructures Pvt Ltd     BG                 CRISIL A4+     250     Assigned
R Systems International Ltd             Loan Equivalent    CRISIL A1      180     Reaffirmed
                                        Risk Limits
S.B. Packagings Pvt Limited             Proposed NFBL      CRISIL A4+     10      -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL A2')
Sakshi Markfin Pvt Ltd                  LOC                CRISIL A4      70      Reaffirmed
SCOPE T & M Pvt Ltd                     BG                 CRISIL A3+     200     Reaffirmed
Shree Tirupati Balajee Agro Trading     BG                 CRISIL A3+     20      -
Company Pvt Ltd
Issuer Not Cooperating
Shree Tirupati Balajee Agro Trading     LOC                CRISIL A3+     220     -
Company Pvt Ltd
Issuer Not Cooperating
Shreno Ltd                              ST Bk Fac          CRISIL A1      180     -
(Placed on 'Rating Watch with Developing Implications')

Shreno Ltd                              CP Programme       CRISIL A1      200     -
(Placed on 'Rating Watch with Developing Implications')
Shri Ambika Agro Pvt Ltd                BG                 CRISIL A4      70      Assigned
Shyam Ferrous Ltd                       Non-FBL            CRISIL A3      0.2     Upgraded from
                                                                                  CRISIL A4+
Siddhi Vinayak Knots and Prints Pvt Ltd BG                 CRISIL A2      20.7    -
Issuer Not Cooperating
Siddhi Vinayak Knots and Prints Pvt Ltd CP                 CRISIL A2      50      -
Issuer Not Cooperating
Synergy Steels Ltd                      Letter Of GuaranteeCRISIL A3+     50      Reaffirmed
Issuer Not Cooperating
Synergy Steels Ltd                      LOC                CRISIL A3+     200     Reaffirmed
Issuer Not Cooperating
Tirupati Microtech Pvt Ltd              LOC Bill           CRISIL A3+     20      Assigned
                                        Discounting
Trimex Sands Pvt Ltd                    LOC & BG           CRISIL A3      250     -
Issuer Not Cooperating
Ultracab (India) Ltd                    BG                 CRISIL A4+     10      Reaffirmed
Ultracab (India) Ltd                    LOC                CRISIL A4+     30      Reaffirmed
Ultracab (India) Ltd                    LOC Bill           CRISIL A4+     10      Reaffirmed
                                        Discounting
Webfil Ltd                              BG                 CRISIL A4      49      Reassigned
Webfil Ltd                              LOC                CRISIL A4      54      Reassigned
Zydus Hospira Oncology Pvt Ltd          LOC**              CRISIL A1+     595     Reaffirmed
**Interchangeable with PC, packing credit in foreign currency (PCFC), bill purchase (BP),
foreign bill purchase (FBP), bill discounting (BD), foreign bill discounting (FBD),
post-shipment demand loan (PSDL), letter of credit, and bank guarantee
Zydus Hospira Oncology Pvt Ltd          Proposed ST Bk     CRISIL A1+     185     Reaffirmed
                                        Loan Fac
Zydus Hospira Oncology Pvt Ltd          ST Loan@           CRISIL A1+     300     Reaffirmed
@Sub-limit of Rs 30 crore overdraft; interchangeable with pre-shipment credit (PC), letter of
credit, and bank guarantee

LONG TERM RATINGS:
-------------------
A Balarama Raju                         CC                 CRISIL BB-     60      Reaffirmed
A D Electro Steel Co Pvt Ltd            CC                 CRISIL B+      110     -
Issuer Not Cooperating
A D Electro Steel Co Pvt Ltd            Proposed LT Bk     CRISIL B+      30      -
                                        Loan Fac
Issuer Not Cooperating
Adachi Natural Polymer Ltd              LT Loan            CRISIL BB      25      Assigned
Adachi Natural Polymer Ltd              CC                 CRISIL BB      65      Assigned
Aggarwal Rice and General Mills - PunjabCC                 CRISIL BB-     160     Assigned
Ajay Natavarlal Commodities Pvt Ltd     Overdraft          CRISIL BBB-    100     Reaffirmed
Andhra Pradesh Granite (Midwest) Pvt LtdExport Packing     CRISIL BB+     100     -
                                        Credit
Issuer Not Cooperating
Andhra Pradesh Granite (Midwest) Pvt LtdLT Loan            CRISIL BB+     84.1    -
Issuer Not Cooperating
Andhra Pradesh Granite (Midwest) Pvt LtdWC Demand Loan     CRISIL BB+     2.3     -
Issuer Not Cooperating
Andhra Pradesh Granite (Midwest) Pvt LtdWC TL              CRISIL BB+     33.6    -
Issuer Not Cooperating
ANS Pvt Ltd                             Proposed LT Bk     CRISIL BBB-    70      Reaffirmed
                                        Loan Fac
ANS Pvt Ltd                             Overdraft          CRISIL BBB-    80      Reaffirmed
ANS Pvt Ltd                             BG                 Withdrawn      280     Reaffirmed
Arunachala Trading Company              CC                 CRISIL D       20      -
Issuer Not Cooperating
Arunachala Trading Company              LOC                CRISIL D       40      -
Issuer Not Cooperating
Ashoka Highways (Durg) Ltd              Project Loan       CRISIL A-(SO)  2050    Reaffirmed
Awachat Industries Ltd                  CC                 CRISIL BB-     30      Assigned
Awachat Industries Ltd                  Proposed TL        CRISIL BB-     40      Assigned
B. D. Textile Mills Pvt Ltd             CC                 CRISIL BB      230     Assigned
Barnala Steel Industries - Ludhiana     CC                 CRISIL BB-     105     Reaffirmed
BDS Projects India Pvt Ltd              Secured Overdraft  CRISIL BB      10      Reaffirmed
                                        Fac
Bhatia Wine Merchants Pvt Ltd           CC                 CRISIL BBB-    250     -
Issuer Not Cooperating
Bhatia Wine Merchants Pvt Ltd           TL                 CRISIL BBB-    450     -
Issuer Not Cooperating
Cadila Healthcare Ltd                   CC*                CRISIL AA+     13000   Reaffirmed
*Fully interchangeable with Working capital demand loan and Packing credit in Foreign Currency
Cadila Healthcare Ltd                   LT Loan            CRISIL AA+     15671.7 Reaffirmed
Cadila Healthcare Ltd                   Proposed LT Bk     CRISIL AA+     5598.3  Reaffirmed
                                        Loan Fac
Cadila Healthcare Ltd                   NCD                CRISIL AA+     1250    Reaffirmed
Calcast Ferrous Ltd                     CC                 CRISIL BBB-    58.5    Upgraded from
                                                                                  CRISIL BB+
Calcutta Springs Ltd                    CC                 CRISIL BBB-    50      Upgraded from
                                                                                  CRISIL BB+
Calcutta Springs Ltd                    Proposed LT Bk     CRISIL BBB-    245     Upgraded from
                                        Loan Fac                                  CRISIL BB+
Calico Trends                           Export Packing     CRISIL BBB     80      Reaffirmed
                                        Credit
Calico Trends                           Foreign Bill       CRISIL BBB     30      Reaffirmed
                                        Purchase
Calico Trends                           Proposed LT Bk     CRISIL BBB     70      Reaffirmed
                                        Loan Fac
Calico Trends                           Standby Line of    CRISIL BBB     10      Reaffirmed
                                        Credit
CLP Wind Farms (Theni- Project II) Pvt  Proposed LT Bk     -              2100    Withdrawn
Limi                                    Loan Fac
Deepak Builders & Developers            LT Loan            CRISIL B+      300     Assigned
Deepak Builders & Developers            Proposed Overdraft CRISIL B+      200     Assigned
                                        Fac
Dharti Industries Pvt Ltd               Export Packing     CRISIL BB      65      Reaffirmed
                                        Credit
Dharti Industries Pvt Ltd               Post Shipment      CRISIL BB      5       Reaffirmed
                                        Credit
Dharti Industries Pvt Ltd               Proposed LT Bk     CRISIL BB      54      Reaffirmed
                                        Loan Fac
Diyan Papers LLP                        TL                 CRISIL BB      387.2   Assigned
Diyan Papers LLP                        CC                 CRISIL BB      150     Assigned
DK Infrastructure Pvt Ltd               BG                 CRISIL BB+     470     -
Issuer Not Cooperating
DK Infrastructure Pvt Ltd               CC                 CRISIL BB+     90      -
Issuer Not Cooperating
DK Infrastructure Pvt Ltd               Proposed BG        CRISIL BB+     190     -
Issuer Not Cooperating
Eco Jute Pvt Ltd                        TL                 CRISIL BB      10.4    Assigned
Eco Jute Pvt Ltd                        Proposed BG        CRISIL BB      3       Assigned
Ecomark General Finance and Leasing Ltd Proposed LT Bk     CRISIL B       50      Assigned
                                        Loan Fac
Evolutionary Systems Pvt Ltd            Foreign Bill       CRISIL BB+     50      -
                                        Purchase
Issuer Not Cooperating
Evolutionary Systems Pvt Ltd            Overdraft          CRISIL BB+     50      -
Issuer Not Cooperating
Exotica Ceramic Pvt Ltd                 CC                 CRISIL BB      80      Reaffirmed
Exotica Ceramic Pvt Ltd                 Proposed LT Bk     CRISIL BB      22.5    Reaffirmed
                                        Loan Fac
Gem Corpochem Pvt Ltd                   CC                 CRISIL BBB-    180     -
Issuer Not Cooperating
Gem Corpochem Pvt Ltd                   Proposed LT Bk     CRISIL BBB-    70      -
                                        Loan Fac
Issuer Not Cooperating
Healthware Pvt Ltd                      WC Fac             CRISIL BBB-    180     -
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.
Jagannath Textile Co. Ltd               BG                 CRISIL D       97.5    Reaffirmed
Jagannath Textile Co. Ltd               CC                 CRISIL D       550     Reaffirmed
Jagannath Textile Co. Ltd               Corporate Loan     CRISIL D       240     Reaffirmed
Jagannath Textile Co. Ltd               LOC                CRISIL D       78.5    Reaffirmed
Jagannath Textile Co. Ltd               LT Loan            CRISIL D       1173.4  Reaffirmed
Jagannath Textile Co. Ltd               Proposed LT Bk     CRISIL D       43      Reaffirmed
                                        Loan Fac
Jagannath Textile Co. Ltd               WC TL              CRISIL D       27.7    Reaffirmed
Jay Autocomponents Ltd                  Bill Discounting   CRISIL BBB-    81      -
Issuer Not Cooperating
Jay Autocomponents Ltd                  CC                 CRISIL BBB-    180     -
Issuer Not Cooperating
Jay Autocomponents Ltd                  Proposed LT Bk     CRISIL BBB-    150     -
                                        Loan Fac
Issuer Not Cooperating
Jay Autocomponents Ltd                  TL                 CRISIL BBB-    314     -
Issuer Not Cooperating
Jyoti Construction                      BG                 -              60      Withdrawn
Issuer Not Cooperating
Jyoti Construction                      Drop Line          -              30      Withdrawn
                                        Overdraft Fac
Issuer Not Cooperating
Jyoti Construction                      LT Loan            -              10      Withdrawn
Issuer Not Cooperating
Jyoti Construction                      Proposed LT Bk     -              30      Withdrawn
                                        Loan Fac
Issuer Not Cooperating
Kamal Auto Industries Coach Works Pvt   CC                 CRISIL D       55      Downgraded
Ltd                                                                               from 'CRISIL
                                                                                  B-
Kamal Auto Industries Coach Works Pvt   Proposed LT Bk     CRISIL D       65.3    Downgraded
Ltd                                     Loan Fac                                  from 'CRISIL
                                                                                  B-
Kamal Auto Industries Coach Works Pvt   Standby Line of    CRISIL D       8       Downgraded
Ltd                                     Credit                                    from 'CRISIL
                                                                                  B-
Kamal Auto Industries Coach Works Pvt   TL                 CRISIL D       71.7    Downgraded
Ltd                                                                               from 'CRISIL
                                                                                  B-
Kasturi Multi Solutions Pvt Ltd         CC                 CRISIL BB-     60      -
Issuer Not Cooperating
Kasturi Multi Solutions Pvt Ltd         Proposed FB Bk     CRISIL BB-     39.4    -
                                        Limits
Issuer Not Cooperating
Kasturi Multi Solutions Pvt Ltd         TL                 CRISIL BB-     60.9    -
Issuer Not Cooperating
Kishoriji Exports                       Proposed FB Bk     CRISIL BB      40      Assigned
                                        Limits
Lalit Pipes and Pipes Ltd               CC#                CRISIL BB      100     Reaffirmed
#Interchangeable with bank guarantee, letter of credit & buyer's credit to the extent of Rs 7
crore
Lalit Pipes and Pipes Ltd               Proposed LT Bk     CRISIL BB      590     Reaffirmed
                                        Loan Fac
Madhav Ginning                          CC                 CRISIL B       30      Upgraded from
                                                                                  CRISIL B-
Madhav Ginning                          LT Loan            CRISIL B       30      Upgraded from
                                                                                  CRISIL B-
Magnolia Martinique Clothing Pvt Ltd    Export Packing     CRISIL BB+     250     Assigned
                                        Credit
Mahadeva Steel Mills Pvt Ltd            CC                 CRISIL BB+     70      -
Issuer Not Cooperating
Mahadeva Steel Mills Pvt Ltd            Proposed FB Bk     CRISIL BB+     45      -
                                        Limits
Issuer Not Cooperating
Makson Health Care Pvt Ltd              CC                 CRISIL BB+     46.5    -
Issuer Not Cooperating
Makson Health Care Pvt Ltd              TL                 CRISIL BB+     186.9   -
Issuer Not Cooperating
Metro Superspeciality Hospitals Pvt Ltd CC                 CRISIL BB+     105     -
Issuer Not Cooperating
Metro Superspeciality Hospitals Pvt Ltd TL                 CRISIL BB+     550     -
Issuer Not Cooperating
Om Sharda Logistics Pvt Ltd             Overdraft          CRISIL BB      2.5     -
Issuer Not Cooperating
P Ramesh And Co                         CC                 CRISIL B+      30      Downgraded
                                                                                  from 'CRISIL
                                                                                  BB-
P Ramesh And Co                         Standby Line of    CRISIL B+      4       Downgraded
                                        Credit                                    from 'CRISIL
                                                                                  BB-
Pact Industries Ltd                     CC                 CRISIL BB      90      -
Issuer Not Cooperating
Pact Industries Ltd                     Standby LOC        CRISIL BB      10      -
Issuer Not Cooperating
Palm Street Infrastructure and          Rupee TL           CRISIL D       100     Assigned
Developers Pvt Ltd
Polar Star                              Post Shipment      CRISIL BB      170     Reaffirmed
                                        Credit
Prime Civil Infrastructures Pvt Ltd     CC                 CRISIL BB      100     Assigned
R Systems International Ltd             CC*                CRISIL A       200     Reaffirmed
*Interchangeable with Letter of Credit, Export Packing Credit (EPC), Pre Shipment credit in
Foreign currency (PCFC) and Pre shipment credit (PSC)
Rachna Metal Industries Pvt Ltd         CC                 CRISIL BB      160.9   Assigned
Rajmahal Silks and Textiles Pvt Ltd     CC                 CRISIL BBB-    200     -
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  CC                 CRISIL BBB-    750     -
Issuer Not Cooperating
Rasiklal Sankalchand Jewellers Pvt Ltd  TL                 CRISIL BBB-    100     -
Issuer Not Cooperating
S. T. Dyeing                            Proposed TL        CRISIL B+      65      Assigned
S. T. Dyeing                            Proposed CC Limit  CRISIL B+      20      Assigned
S. T. Dyeing                            Proposed FB Bk     CRISIL B+      5       Assigned
                                        Limits
S.B. Packagings Pvt Limite              CC                 CRISIL BB+     60      -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
S.B. Packagings Pvt Limite              Proposed TL        CRISIL BB+     130     -
(ISSUER NOT COOPERATING; Migrated from 'CRISIL BBB-/Stable')
Sakshi Markfin Pvt Ltd                  CC                 CRISIL B+      120     Upgraded from
                                                                                  CRISIL B
Sakshi Markfin Pvt Ltd                  Proposed FB Bk     CRISIL B+      20      Upgraded from
                                        Limits                                    CRISIL B
SCOPE T & M Pvt Ltd                     CC                 CRISIL BBB     120     Reaffirmed
SCOPE T & M Pvt Ltd                     Proposed BG        CRISIL BBB     220     Reaffirmed
SCOPE T & M Pvt Ltd                     Proposed CC Limit  CRISIL BBB     60      Reaffirmed
Shree Tirupati Balajee Agro Trading     CC                 CRISIL BBB     120     -
Company Pvt Ltd
Issuer Not Cooperating
Shree Tirupati Balajee Agro Trading     Export Packing     CRISIL BBB     480     -
Company Pvt Ltd                         Credit
Issuer Not Cooperating
Shree Tirupati Balajee Agro Trading     Proposed LT Bk     CRISIL BBB     10.5    -
Company Pvt Ltd                         Loan Fac
Issuer Not Cooperating
Shree Tirupati Balajee Agro Trading     TL                 CRISIL BBB     29.5    -
Company Pvt Ltd
Issuer Not Cooperating
Shreno Ltd                              CC^                CRISIL A       150     -
^One way interchangeable from fund based to non-fund based limits/(Placed on 'Rating Watch with
Developing Implications')
Shreno Ltd                              CC*                CRISIL A       200     -
*Interchangeable with non-fund based limits/(Placed on 'Rating Watch with Developing
Implications')
Shreno Ltd                              Overdraft          CRISIL A       20      -
(Placed on 'Rating Watch with Developing Implications')
Shreno Ltd                              TL                 CRISIL A       600     -
(Placed on 'Rating Watch with Developing Implications')
Shreno Ltd                              WC Demand Loan     CRISIL A       200     -
(Placed on 'Rating Watch with Developing Implications')
Shri Ambika Agro Pvt Ltd                Proposed LT Bk     CRISIL B+      36.4    Assigned
                                        Loan Fac
Shri Ambika Agro Pvt Ltd                LT Loan            CRISIL B+      12.8    Assigned
Shri Ambika Agro Pvt Ltd                CC                 CRISIL B+      0.8     Assigned
Shyam Ferrous Ltd                       CC*                CRISIL BBB-    163.4   Upgraded from
                                                                                  CRISIL BB+
*Includes sublimit of Rs 3.0 crore for bank guarantee, Rs 2.5 crore for letter of credit, and Rs
7.0 crore for working capital demand loan.
Shyam Ferrous Ltd                       TL                 CRISIL BBB-    81      Upgraded from
                                                                                  CRISIL BB+
Shyam Ferrous Ltd                       WC TL              CRISIL BBB-    10      Upgraded from
                                                                                  CRISIL BB+
Siddhi Vinayak Knots and Prints Pvt Ltd CC                 CRISIL BBB+    1000    -
Issuer Not Cooperating
Siddhi Vinayak Knots and Prints Pvt Ltd LT Loan            CRISIL BBB+    640     -
Issuer Not Cooperating
Silver Emporium Pvt Ltd                 CC                 CRISIL BB      80      -
Issuer Not Cooperating
Silver Emporium Pvt Ltd                 Proposed LT Bk     CRISIL BB      15      -
                                        Loan Fac
Issuer Not Cooperating
Sky Wheels Pvt Ltd                      CC                 CRISIL BB-     20      -
Issuer Not Cooperating
Sky Wheels Pvt Ltd                      Electronic Dealer  CRISIL BB-     50      -
                                        Financing
                                        Scheme(e-DFS)
Issuer Not Cooperating
Subh Laxmi Multisolution Pvt Ltd        CC                 CRISIL BB      120     Reaffirmed
Issuer Not Cooperating
Subh Laxmi Multisolution Pvt Ltd        Proposed FB Bk     CRISIL BB      10.9    Reaffirmed
                                        Limits
Issuer Not Cooperating
Subh Laxmi Multisolution Pvt Ltd        TL                 CRISIL BB      19.1    Reaffirmed
Issuer Not Cooperating
Suraksha Asset Reconstruction Pvt Ltd   NCD                CRISIL A-      5000    Assigned
Surya Contractors Pvt Ltd               CC                 CRISIL BBB     80      Reaffirmed
Issuer Not Cooperating
Surya Contractors Pvt Ltd               Proposed LT Bk     CRISIL BBB     250     Reaffirmed
                                        Loan Fac
Issuer Not Cooperating
Synergy Steels Ltd                      CC                 CRISIL BBB     331.3   Reaffirmed
Issuer Not Cooperating
Synergy Steels Ltd                      TL                 CRISIL BBB     803.7   Reaffirmed
Issuer Not Cooperating
Tirupati Microtech Pvt Ltd              Proposed LT Bk     CRISIL BBB     5       Assigned
                                        Loan Fac
Tirupati Microtech Pvt Ltd              LOC*               CRISIL BBB     150     Assigned
* Interchangeable with Cash Credit or Working capital Demand Loan up to 12 Cr ; Interchangeable
with Export Packing Credit/Packing Credit in Foreign Currency up to 1 Cr ; Interchangeable with
foreign bill negotiation up to 1 Cr. ; Interchangeable with Bank Guarantee up to 50 lakhs ;
Interchangeable with Loan Equivalent Risk up to 1 Cr.
Trimex Sands Pvt Ltd                    CC                 CRISIL BBB-    450     -
Issuer Not Cooperating
Trimex Sands Pvt Ltd                    Proposed LT Bk     CRISIL BBB-    334     -
                                        Loan Fac
Issuer Not Cooperating
Trimex Sands Pvt Ltd                    TL                 CRISIL BBB-    2432.2  -
Issuer Not Cooperating
Ukay Luggage India Pvt Ltd              CC                 CRISIL BB      60      Upgraded from
                                                                                  CRISIL BB-
Ukay Luggage India Pvt Ltd              TL                 CRISIL BB      30      Upgraded from
                                                                                  CRISIL BB-
Ultracab (India) Ltd                    CC                 CRISIL BB-     130     Reaffirmed
Ultracab (India) Ltd                    Proposed LT Bk     CRISIL BB-     10      Reaffirmed
                                        Loan Fac
Ultracab (India) Ltd                    TL                 CRISIL BB-     10      Reaffirmed
Webfil Ltd                              CC                 CRISIL B-      33.8    Reaffirmed
Zydus Hospira Oncology Pvt Ltd          CC**               CRISIL AA-     5       Reaffirmed
**Interchangeable with PC, packing credit in foreign currency (PCFC), bill purchase (BP),
foreign bill purchase (FBP), bill discounting (BD), foreign bill discounting (FBD),
post-shipment demand loan (PSDL), letter of credit, and bank guarantee

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