for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CRISIL ratings for Indian debt instruments-Sep 23

    Sep 23  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of September 22, 2020.


COMPANY                               INSTRUMENT           RATING        AMOUNT  MOVEMENT
                                                                        (RS.MLN)
------                                ----------           ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Amrit Bottlers Pvt Ltd                   BG                CRISIL A2+    100    Reaffirmed
Anish Pharma Equip Pvt Ltd               BG                CRISIL A4+    50     -
(Issuer Not Cooperating)
Balaji Enterprises - Ponneri             BG                CRISIL A4+    50     -
(Issuer not Cooperating; Rating Migrated)
Basak Bottling Plant Pvt Ltd             BG                CRISIL A4     2      -
(Issuer not Cooperating; Rating Migrated)
Bharat Petroleum Corporation Ltd         Proposed NFBL     CRISIL A1+    1100   Reaffirmed
Bharat Petroleum Corporation Ltd         Proposed NFBL@@   CRISIL A1+    19825  Reaffirmed
@@Equivalent to USD 325 million. 1 USD=INR 61
Bharat Petroleum Corporation Ltd         Non-FBL           CRISIL A1+    163120 Reaffirmed
Bharat Petroleum Corporation Ltd         CP                CRISIL A1+    135000 Reaffirmed
Bothra Shipping Services Pvt Ltd         BG                CRISIL A1     400    Reaffirmed
Butterfly Gandhimathi Appliances Ltd     LOC               CRISIL A2     800    Reaffirmed
CCS Computers Pvt Ltd                    BG                CRISIL A3     420    Reaffirmed
CCS Computers Pvt Ltd                    LOC               CRISIL A3     20     Reaffirmed
Chanasya Karle Infratech Pvt Ltd         BG                CRISIL A4+    10     -
(Issuer not Cooperating; Rating Migrated)
Chanasya Karle Infratech Pvt Ltd         Overdraft         CRISIL A4+    50     -
(Issuer not Cooperating; Rating Migrated)
Competent Automobiles Co. Ltd            BG                CRISIL A2     25     -
(Migrated from CRISIL A4+ Issuer Not Cooperating)
Concord Construction                     BG                CRISIL A4     390    -
(Issuer Not Cooperating)
Cross Country                            Post Shipment     CRISIL A4+    107.5  Assigned
                                         Credit
Dattatreya Textiles Pvt Ltd              BG                CRISIL A3     7.5    Reaffirmed
Dhruv Industries Ltd                     LOC               CRISIL A4+    212.5  -
(Issuer not Cooperating; Rating Migrated)
Dhruv Industries Ltd                     Packing Credit    CRISIL A4+    90     -
(Issuer not Cooperating; Rating Migrated)
Dolphin Mart Pvt Ltd                     LOC               CRISIL A4     15     -
(Issuer Not Cooperating)
Dura Puf (Silvassa) Pvt Ltd              LOC               CRISIL A4     40     -
(Issuer not Cooperating; Rating Migrated)
Dura Puf (Silvassa) Pvt Ltd              Proposed ST Bk    CRISIL A4     4.3    -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
Erode Sri Palani Murugan Spinning Mills  BG                CRISIL A4     10.4   -
Pvt Ltd
(Issuer Not Cooperating)
Esterkote Pvt Ltd                        Inland/Import LOC CRISIL A4+    10     -
(Issuer not Cooperating; Rating Migrated)
Gaurav Impex                             Bill Discounting  CRISIL A4     40     Revised from
                                         under LOC                              CRISIL A4+
(Issuer Not Cooperating)
Global Engineers Ltd                     BG                CRISIL A4+    195    -
(Issuer not Cooperating; Rating Migrated)
Global Engineers Ltd                     LOC               CRISIL A4+    5      -
(Issuer not Cooperating; Rating Migrated)
Global Engineers Ltd                     Proposed BG       CRISIL A4+    45     -
(Issuer not Cooperating; Rating Migrated)
Gopal Snacks Pvt Ltd                     BG                CRISIL A2+    10     Reaffirmed
Guala Closures (India) Pvt Ltd           BG                CRISIL A2+    50     Reaffirmed
Hardware Trading Corporation             LOC               CRISIL A4     135    -
(Issuer Not Cooperating)
Indian Surgical Equipment Co. Pvt Ltd    BG                CRISIL A4     40     -
(Issuer Not Cooperating)
Indian Surgical Equipment Co. Pvt Ltd    LOC               CRISIL A4     10     -
(Issuer Not Cooperating)
Indo Brine Industries Ltd                BG                CRISIL A4     26     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
IRAA Clothing Pvt Ltd                    LOC               CRISIL A4     110    Downgraded
                                                                                from CRISIL
                                                                                A4+
J Abdul Vahid                            BG                CRISIL A4+    75     -
(Issuer not Cooperating; Rating Migrated)
J. S. Grover Constructions               BG                CRISIL A4     575    Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Jai Shree Shyam Textiles                 BG                CRISIL A4     2.6    Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Jasubhai Engineering Pvt Ltd             BG                CRISIL A4+    100    Reaffirmed
Jasubhai Engineering Pvt Ltd             LOC               CRISIL A4+    16.5   Reaffirmed
Jasubhai Engineering Pvt Ltd             Packing Credit    CRISIL A4+    9.2    Reaffirmed
Jindal Fine Industries                   Overdraft         CRISIL A4     14.5   -
(Issuer Not Cooperating)
Jindal Industries Pvt Ltd                LOC & BG@         CRISIL A1     800    Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd                LOC & BG@         CRISIL A1     450    Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings
Jindal Industries Pvt Ltd                LOC & BG@         CRISIL A1     250    Reaffirmed
@Includes bank guarantee, letter of credit & letter of undertakings 
Jindal Industries Pvt Ltd                CP                CRISIL A1     250    Reaffirmed
JM Financial Capital Ltd                 CP Issue*         CRISIL A1+    125000 Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Capital Ltd                 ST Debt (IncludingCRISIL A1+    100000 Reaffirmed
                                         CP)
JM Financial Capital Ltd                 CP Issue*         CRISIL A1+    125000 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd                CP Issue*         CRISIL A1+    35000  Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Products Ltd                CP                CRISIL A1+    30000  Reaffirmed
JM Financial Products Ltd                CP Issue*         CRISIL A1+    35000  Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Properties And Holdings Ltd CP Issue*         CRISIL A1+    425000 Assigned
*Assigned for initial/ follow-on public offer financing on episodic basis
JM Financial Properties And Holdings Ltd CP                CRISIL A1+    50000  Reaffirmed
JM Financial Properties And Holdings Ltd CP Issue*         CRISIL A1+    425000 Withdrawn
*Assigned for initial/ follow-on public offer financing on episodic basis
K D Kothari and Co                       Export Packing    CRISIL A4     15     Revised from
                                         Credit                                 CRISIL A4+
(Issuer Not Cooperating)
K D Kothari and Co                       Post Shipment     CRISIL A4     50     Revised from
                                         Credit                                 CRISIL A4+
(Issuer Not Cooperating)
K. Manikandan                            BG                CRISIL A4     10     -
(Issuer not Cooperating; Rating Migrated)
K. Manoharan                             BG                CRISIL A4     50     -
(Issuer Not Cooperating)
Kalapurna Steel and Engineering Pvt Ltd  BG                CRISIL A4     25     -
(Issuer not Cooperating; Rating Migrated)
Kalapurna Steel and Engineering Pvt Ltd  LOC               CRISIL A4     175    -
(Issuer not Cooperating; Rating Migrated)
Kalyani Forge Ltd                        Foreign Exchange  CRISIL A2     10     Reaffirmed
                                         Fac
Kalyani Forge Ltd                        LOC & BG          CRISIL A2     220    Reaffirmed
Kalyani Timber Pvt Ltd                   Import LOC Limit  CRISIL A4+    105    -
(Issuer not Cooperating; Rating Migrated)
Kanti Bijlee Utpadan Nigam Ltd           BG                CRISIL A1+    1000   Reaffirmed
Kapsons Worldwide                        LOC               CRISIL A4+    10     -
(Issuer not Cooperating; Rating Migrated)
KMC Blue Metals                          Overdraft         CRISIL A4     25     -
(Issuer not Cooperating; Rating Migrated)
L and D Foods                            BG                CRISIL A4     2.5    Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
LC Infra Projects Pvt Ltd                BG                CRISIL A2     1550   Reaffirmed
Mahavir Metal Corporation                LOC               CRISIL A4+    260    -
(Issuer not Cooperating; Rating Migrated)
Mahavir Spinfab Pvt Ltd                  LOC               CRISIL A4     16.1   Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Mahavir Spinfab Pvt Ltd                  Packing Credit    CRISIL A4     60     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Mahavir Spinfab Pvt Ltd                  Post Shipment     CRISIL A4     80     Revised from
                                         Credit                                 CRISIL A4+
(Issuer Not Cooperating)
Mectech Knitfabs Pvt Ltd                 LOC               CRISIL A4+    100    -
(Issuer not Cooperating; Rating Migrated)
Mehra Polytex Pvt Ltd                    BG                CRISIL A4     20     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Mindspace Business Parks REIT            CP Programme      CRISIL A1+    25000  Assigned
(Mindspace REIT)
MYK Laticrete India Pvt Ltd              BG                CRISIL A1     4      Upgraded from
                                                                                CRISIL A2+
MYK Laticrete India Pvt Ltd              LOC               CRISIL A1     20     Upgraded from
                                                                                CRISIL A2+
Nalwa Steel and Power Ltd                LOC & BG          CRISIL A3     150    Reaffirmed
Navdip Forge Pvt Ltd                     Overdraft         CRISIL A4     15     -
(Issuer not Cooperating; Rating Migrated)
Nuevo Polymers Pvt Ltd                   Packing Credit    CRISIL A4+    299    -
(Issuer not Cooperating; Rating Migrated)
Omni Impex Pvt Ltd                       BG                CRISIL A4     6.7    Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Omni Impex Pvt Ltd                       Import LOC Limit  CRISIL A4     25     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Omni Impex Pvt Ltd                       Overdraft         CRISIL A4     65     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Omni Impex Pvt Ltd                       Packing Credit    CRISIL A4     15     Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Partap Wires (India) Pvt Ltd             BG                CRISIL A4+    2      -
(Issuer not Cooperating; Rating Migrated)
Pesca Marine Products Pvt Ltd            Export Packing    CRISIL A4+    250    Reaffirmed
                                         Credit
Pesca Marine Products Pvt Ltd            Proposed Export   CRISIL A4+    100    Reaffirmed
                                         Packing Credit
Picson Construction Equipments Pvt Ltd   Inland/Import LOC CRISIL A4     15     -
(Issuer not Cooperating; Rating Migrated)
Pilani Impex                             Packing Credit in CRISIL A4     55     Revised from
                                         Foreign Currency                       CRISIL A4+
(Issuer Not Cooperating)
Pragati Construction - Pune              BG                CRISIL A4+    5      -
(Issuer not Cooperating; Rating Migrated)
Psk Infrapower Pvt Ltd                   BG                CRISIL A4     15     -
(Issuer not Cooperating; Rating Migrated)
Rajdeep Electricals Pvt Ltd              BG                CRISIL A4     30     -
(Issuer not Cooperating; Rating Migrated)
Ravi Industries - Pune                   LOC               CRISIL A4+    42.5   -
(Issuer not Cooperating; Rating Migrated)
 Sarat Chatterjee & Co. (VSP) Pvt Ltd     BG                CRISIL A1     1445   Reaffirmed
Ravi Rajasekhar                          BG                CRISIL A4+    10     -
(Issuer not Cooperating; Rating Migrated)
Redren Energy Pvt Ltd                    BG                CRISIL A4     2.5    Revised from
                                                                                CRISIL A4+
(Issuer Not Cooperating)
Relcom Technology Pvt Ltd                LOC               CRISIL A4+    20     -
(Issuer not Cooperating; Rating Migrated)
Rohan Industries - Alwar                 BG                CRISIL A4     26     -
(Issuer not Cooperating; Rating Migrated)
Ruksh Exim Pvt Ltd                       LOC               CRISIL A4     20.5   -
(Issuer Not Cooperating)
Ruksh Exim Pvt Ltd                       Packing Credit    CRISIL A4     80     -
(Issuer Not Cooperating)
Sai Babuji Projects Pvt Ltd              BG                CRISIL A4     61     -
(Issuer Not Cooperating)
Sajeev Mathew and Co.                    BG                CRISIL A4     60     -
(Issuer not Cooperating; Rating Migrated)
Sandhya Organic Chemicals Pvt Ltd        BG                CRISIL A4     25     -
(Issuer Not Cooperating)
Sandhya Organic Chemicals Pvt Ltd        LOC               CRISIL A4     25     -
(Issuer Not Cooperating)
Shantilal C. Mehta                       LOC               CRISIL A4+    40     -
(Issuer not Cooperating; Rating Migrated)
Shree Mahalaxmi Himghar Pvt Ltd          BG                CRISIL A4     4      -
(Issuer not Cooperating; Rating Migrated)
Shree Ram Construction Company           BG#               CRISIL A4+    470    -
(Issuer not Cooperating; Rating Migrated)/#Term deposit receipt of Rs 12 crore as Sublimit (Bank
Guarantee)
Sigma Search Lights Ltd                  BG                CRISIL A4+    12     -
(Issuer not Cooperating; Rating Migrated)
Sigma Search Lights Ltd                  LOC               CRISIL A4+    12.5   -
(Issuer not Cooperating; Rating Migrated)
Southern Cooling Towers Pvt Ltd          BG                CRISIL A4     90     -
(Issuer not Cooperating; Rating Migrated)
Sree Ayyanar Spinning And Weaving Mills  LOC               CRISIL A4     175.9  -
Pvt Ltd
(Issuer Not Cooperating)
Sri Ramakrishna Blue Metals              Proposed ST Bk    CRISIL A4     10     -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
Steel Crackers Pvt Ltd                   BG                CRISIL A4+    85     -
(Issuer not Cooperating; Rating Migrated)
Suhas P. Bhave - Nagpur                  BG                CRISIL A4     10.5   -
(Issuer Not Cooperating)
Sundaram Textiles Pvt Ltd                BG                CRISIL A3     5      Reaffirmed
Tejas Superstructures Pvt Ltd            BG                CRISIL A4     155    -
(Issuer not Cooperating; Rating Migrated)
The Aarko Pipe Gram Udyog Regd           BG                CRISIL A4+    3.5    -
(Issuer not Cooperating; Rating Migrated)
The Global Learning Centre Educational   Overdraft         CRISIL A4     10     Assigned
And Welfare Society
Thirupathy Bright Industries             BG                CRISIL A4     15     -
(Issuer Not Cooperating)
Thirupathy Bright Industries             LOC               CRISIL A4     25     -
(Issuer Not Cooperating)
Triveni Electroplast Pvt Ltd             BG                CRISIL A4+    65     Reaffirmed
Unitech Cotspin Ltd                      BG                CRISIL A4+    15     -
(Issuer not Cooperating; Rating Migrated)
Universal Cables Ltd                     BG                CRISIL A1     8200   Reaffirmed
Universal Cables Ltd                     Capex LOC         CRISIL A1     135    Reaffirmed
Universal Cables Ltd                     Foreign Exchange  CRISIL A1     260    Reaffirmed
                                         Forward
Universal Cables Ltd                     Inland/Import LOC CRISIL A1     1250   Reaffirmed
Universal Cables Ltd                     Proposed ST Bk    CRISIL A1     1600   Reaffirmed
                                         Loan Fac
Universal Cables Ltd                     CP                CRISIL A1     1000   Reaffirmed
ValueLabs Technologies                   Foreign Exchange  CRISIL A4     20     Revised from
                                         Forward                                CRISIL A4+
(Issuer Not Cooperating)
Vijay Exports - Mumbai                   Packing Credit    CRISIL A4+    50     -
(Issuer not Cooperating; Rating Migrated)
Vikrma Impex Pvt Ltd                     BG                CRISIL A4     10     -
(Issuer Not Cooperating)
Vikrma Impex Pvt Ltd                     LOC               CRISIL A4     10     -
(Issuer Not Cooperating)
Vikrma Impex Pvt Ltd                     Packing Credit    CRISIL A4     170    -
(Issuer Not Cooperating)



MEDIUM TERM RATINGS:
-------------------
Kuantum Papers Ltd                       FD                FB+/Stable    300    Withdrawn
(Issuer Not Cooperating)




LONG TERM RATINGS:
-------------------
AAA Paper Ltd                            CC                CRISIL D      280    -
(Issuer not Cooperating; Rating Migrated)
Aakrati Infratech Pvt Ltd                Proposed LT Bk    CRISIL        140    -
                                         Loan Fac          BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Afablez Semiconductor Pvt Ltd            Proposed LT Bk    CRISIL        0.1    -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
Afablez Semiconductor Pvt Ltd            Secured Overdraft CRISIL        65     -
                                         Fac               B+/Stable
(Issuer not Cooperating; Rating Migrated)
Afablez Semiconductor Pvt Ltd            TL                CRISIL        165    -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Agri Search India Pvt Ltd                CC                CRISIL        40     Reaffirmed
                                                           BB+/Stable
(Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Agri Search India Pvt Ltd                TL                CRISIL        67     Reaffirmed
                                                           BB+/Stable
(Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Aishwarya Infrastructure and Developers  Overdraft         CRISIL B/     100    -
(Issuer not Cooperating; Rating Migrated)                  Stable   
Amrit Bottlers Pvt Ltd                   CC                CRISIL        500    Reaffirmed
                                                           A-/Stable
Amrit Bottlers Pvt Ltd                   LT Loan           CRISIL        600    Reaffirmed
                                                           A-/Stable
Amrit Bottlers Pvt Ltd                   Proposed LT Bk    CRISIL        228.5  Reaffirmed
                                         Loan Fac          A-/Stable
Anand HR Management Pvt Ltd              CC                CRISIL B/     70     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Anish Pharma Equip Pvt Ltd               CC                CRISIL        50     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Anish Pharma Equip Pvt Ltd               Proposed BG       CRISIL        30     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Anuradha Timbers International           Secured Overdraft CRISIL        150    -
                                         Fac               B-/Stable
(Issuer not Cooperating; Rating Migrated)
Asian Concretes and Cements Pvt Ltd      Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review. )
Asian Fine Cements Pvt Ltd               Ratings           -             -      -
(CRISIL is yet to receive adequate information to enable it to undertake a rating review. )
Auto International India Pvt Ltd         Ratings           -             -      -
(CRISIL vide its publication dated September 17, 2020 highlighted the aspect of non co-operation
by Auto International India Private Limited.)
Avantika-GHRA(JV)                        Overdraft         CRISIL        100    Reaffirmed
                                                           B+/Stable
Avantika-GHRA(JV)                        Proposed LT Bk    CRISIL        50     Reaffirmed
                                         Loan Fac          B+/Stable
B K Automobiles Pvt Ltd                  CC                CRISIL        25.5   -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
B K Automobiles Pvt Ltd                  Electronic Dealer CRISIL        27.5   -
                                         Financing         B+/Stable
                                         Scheme(e-DFS)
(Issuer not Cooperating; Rating Migrated)
B K Automobiles Pvt Ltd                  Proposed LT Bk    CRISIL        27     -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
Balaji Enterprises - Ponneri             CC                CRISIL        35     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Balaji Enterprises - Ponneri             Proposed LT Bk    CRISIL        15     -
                                         Loan Fac          BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Balaji Pack and Pack Pvt Ltd             CC                CRISIL B/     16.5   -
(Issuer Not Cooperating)                                   Stable
Balaji Pack and Pack Pvt Ltd             Proposed LT Bk    CRISIL B/     29     -
                                         Loan Fac          Stable
(Issuer Not Cooperating)
Balaji Pack and Pack Pvt Ltd             TL                CRISIL B/     54.5   -
(Issuer Not Cooperating)                                   Stable 
Barnala Realtech                         WC Demand Loan    CRISIL B/     70     -
(Issuer Not Cooperating)                                   Stable
Basak Bottling Plant Pvt Ltd             CC                CRISIL        40     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Basak Bottling Plant Pvt Ltd             Proposed FB Bk    CRISIL        33     -
                                         Limits            B+/Stable
(Issuer not Cooperating; Rating Migrated)
Bharat Carriers Ltd                      BG                -             5      Withdrawn
(Issuer Not Cooperating)
Bharat Carriers Ltd                      CC                -             80     Withdrawn
(Issuer Not Cooperating)
Bharat Carriers Ltd                      Proposed TL       -             16     Withdrawn
(Issuer Not Cooperating)
Bharat Carriers Ltd                      TL                -             32.4   Withdrawn
(Issuer Not Cooperating)
Bharat Carriers Ltd                      TL                CRISIL B/     20.6   -
(Issuer Not Cooperating)                                   Stable 
Bharat Motors Ltd                        CC                -             120    Withdrawn
(Issuer Not Cooperating)
Bharat Motors Ltd                        Corporate Loan    -             28     Withdrawn
(Issuer Not Cooperating)
Bharat Motors Ltd                        Proposed TL       -             3.7    Withdrawn
(Issuer Not Cooperating)
Bharat Motors Ltd                        Channel Financing CRISIL B/     160    -
(Issuer Not Cooperating)                                   Stable  
Bharat Motors Ltd                        Corporate Loan    CRISIL B/     5      -
(Issuer Not Cooperating)                                   Stable
Bharat Motors Ltd                        TL                CRISIL B/     18.3   -
(Issuer Not Cooperating)                                   Stable
Bharat Petroleum Corporation Ltd         FB Fac*           CRISIL AAA    228550 -
(Continues on Rating Watch with Developing Implications)/*Rs 3,690.0 crore is interchangeable
with non-fund-based facilities
Bharat Petroleum Corporation Ltd         FB Fac#           CRISIL AAA    99125  -
(Continues on Rating Watch with Developing Implications)/#Equivalent to USD 1625 million. 1
USD=INR 61
Bharat Petroleum Corporation Ltd         Proposed FB Bk    CRISIL AAA    6100   -
                                         Limits
(Continues on Rating Watch with Developing Implications)
Bharat Petroleum Corporation Ltd         Proposed FB Bk    CRISIL AAA    165615 -
                                         Limits$
(Continues on Rating Watch with Developing Implications)/$Equivalent to USD 2715 million. 1
USD=INR 61
Bharat Petroleum Corporation Ltd         NCD               CRISIL AAA    30000  -
(Continues on Rating Watch with Developing Implications)
Bharat Petroleum Corporation Ltd         NCD               CRISIL AAA    15000  -
(Continues on Rating Watch with Developing Implications)
Bharat Petroleum Corporation Ltd         NCD               CRISIL AAA    10000  -
(Continues on Rating Watch with Developing Implications)
Bharat Petroleum Corporation Ltd         NCD               CRISIL AAA    10000  -
(Continues on Rating Watch with Developing Implications)
Bothra Shipping Services Pvt Ltd         CC                CRISIL        350    Reaffirmed
                                                           A/Negative
(Outlook revised from Stable and rating reaffirmed)
Bothra Shipping Services Pvt Ltd         Foreign Currency  CRISIL        283.1  Reaffirmed
                                         TL                A/Negative
(Outlook revised from Stable and rating reaffirmed)
Bothra Shipping Services Pvt Ltd         Proposed LT Bk    CRISIL        133.1  Reaffirmed
                                         Loan Fac          A/Negative
(Outlook revised from Stable and rating reaffirmed)
Bothra Shipping Services Pvt Ltd         TL                CRISIL        453.8  Reaffirmed
                                                           A/Negative
(Outlook revised from Stable and rating reaffirmed)
Butterfly Gandhimathi Appliances Ltd     CC                CRISIL        1450   Reaffirmed
                                                           BBB+/Stable
Butterfly Gandhimathi Appliances Ltd     Proposed TL       CRISIL        409.1  Reaffirmed
                                                           BBB+/Stable
Butterfly Gandhimathi Appliances Ltd     Proposed WC Fac   CRISIL        824.9  Reaffirmed
                                                           BBB+/Stable
Butterfly Gandhimathi Appliances Ltd     TL                CRISIL        84.5   Reaffirmed
                                                           BBB+/Stable
CCS Computers Pvt Ltd                    CC                CRISIL        30     Reaffirmed
                                                           BBB-/Stable
CCS Computers Pvt Ltd                    Proposed FB Bk    CRISIL        30     Reaffirmed
                                         Limits            BBB-/Stable
Centric Steel Ltd                        CC                CRISIL B/     150    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Chariot International Pvt Ltd            LOC               -             5      Withdrawn
(Issuer Not Cooperating)
Chariot International Pvt Ltd            Packing Credit    -             110    Withdrawn
(Issuer Not Cooperating)
Chariot International Pvt Ltd            TL                -             50     Withdrawn
(Issuer Not Cooperating)
Competent Automobiles Co. Ltd            CC                CRISIL        463    -
                                                           BBB+/Stable
(Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Competent Automobiles Co. Ltd            Inventory Funding CRISIL        1170   -
                                         Fac               BBB+/Stable
(Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Competent Automobiles Co. Ltd            Proposed FB Bk    CRISIL        2      -
                                         Limits            BBB+/Stable
(Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Concord Construction                     CC                CRISIL        100    -
                                                           B+/Stable
(Issuer Not Cooperating)
Cross Country                            Proposed LT Bk    CRISIL        24.6   Assigned
                                         Loan Fac          BB/Stable
Cross Country                            LT Loan           CRISIL        12.9   Assigned
                                                           BB/Stable
Dattatreya Textiles Pvt Ltd              CC                CRISIL        170    Reaffirmed
                                                           BBB-/Stable
Dattatreya Textiles Pvt Ltd              Foreign Bill      CRISIL        25     Reaffirmed
                                         Discounting       BBB-/Stable
Dattatreya Textiles Pvt Ltd              LT Loan           CRISIL        82.5   Reaffirmed
                                                           BBB-/Stable
Dayal Steel and Construction Pvt Ltd     CC                CRISIL D      40     -
Dayal Steel and Construction Pvt Ltd     TL                CRISIL D      40     -
(Issuer not Cooperating; Rating Migrated)
Deccan Nutraceuticals Pvt Ltd            Proposed FB Bk    -             30     Withdrawn
                                         Limits
((Migrated from CRISIL BB+/Stable Issuer Not Cooperating)
Desmi Equipments Pvt Ltd                 LT Loan           CRISIL C      39     -
(Issuer not Cooperating; Rating Migrated)
Desmi Equipments Pvt Ltd                 Overdraft         CRISIL C      50     -
(Issuer not Cooperating; Rating Migrated)
Desmi Equipments Pvt Ltd                 Proposed LT Bk    CRISIL C      61     -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
Dhruv Industries Ltd                     CC                CRISIL        60     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Dhruv Industries Ltd                     Proposed LT Bk    CRISIL        37.5   -
                                         Loan Fac          BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Dinesh Sanitary Store                    CC                CRISIL        150    -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Dolphin Mart Pvt Ltd                     CC                CRISIL        55     -
                                                           B+/Stable
(Issuer Not Cooperating)
Dura Puf (Silvassa) Pvt Ltd              CC                CRISIL B/     10     -
(Issuer not Cooperating; Rating Migrated)                  Stable
Dura Puf (Silvassa) Pvt Ltd              LT Loan           CRISIL B/     48.3   -
(Issuer not Cooperating; Rating Migrated)                  Stable     
Dura Puf (Silvassa) Pvt Ltd              TL                CRISIL B/     7.4    -
(Issuer not Cooperating; Rating Migrated)                  Stable 
Empire Meadows Pvt Ltd                   LT Loan           CRISIL        150    -
                                                           B+/Stable
(Issuer Not Cooperating)
Erode Sri Palani Murugan Spinning Mills  CC                CRISIL        50     -
Pvt Ltd                                                    B+/Stable
(Issuer Not Cooperating)
Erode Sri Palani Murugan Spinning Mills  Rupee TL          CRISIL        30     -
Pvt Ltd                                                    B+/Stable
(Issuer Not Cooperating)
Esterkote Pvt Ltd                        CC                CRISIL        60     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Galaxy Real Estate Developers and        Loan Against      CRISIL        53     -
Builders Pvt Ltd                         Property          B-/Stable
(Issuer Not Cooperating)
Galaxy Real Estate Developers and        Mortgage Loan Fac CRISIL        65     -
Builders Pvt Ltd                                           B-/Stable
(Issuer Not Cooperating)
Galaxy Real Estate Developers and        Proposed LT Bk    CRISIL        82     -
Builders Pvt Ltd                         Loan Fac          B-/Stable
(Issuer Not Cooperating)
Gaurav Impex                             CC                CRISIL B/     30     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
GLS Realty Pvt Ltd                       Overdraft         CRISIL        60     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
GLS Realty Pvt Ltd                       Proposed FB Bk    CRISIL        60     -
                                         Limits            BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Gopal Snacks Pvt Ltd                     CC                CRISIL        230    Reaffirmed
                                                           A-/Stable
Gopal Snacks Pvt Ltd                     TL                CRISIL        280    Reaffirmed
                                                           A-/Stable
Gripwell Forgings and Tools              Bill Discounting  CRISIL        70     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Guala Closures (India) Pvt Ltd           CC                CRISIL        400    Reaffirmed
                                                           A-/Stable
Guala Closures (India) Pvt Ltd           Proposed CC Limit CRISIL        502.7  Reaffirmed
                                                           A-/Stable
Gupta Enterprises - Eluru                BG                CRISIL A4+    2.5    Reaffirmed
Gupta Enterprises - Eluru                Foreign Bill      CRISIL A4+    100    Reaffirmed
                                         Negotiation
Gupta Enterprises - Eluru                Packing Credit    CRISIL        295    Reaffirmed
                                                           BB/Stable
Gupta Hair Products Pvt Ltd              Packing Credit    CRISIL BB     120    Reaffirmed
                                         (pre-shipment
                                         credit)
H.R. Builders                            BG                CRISIL A4+    80     -
(Issuer not Cooperating; Rating Migrated)
H.R. Builders                            CC                CRISIL        170    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
H.R. Builders                            Proposed CC Limit CRISIL        37.5   -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Hardware Trading Corporation             CC                CRISIL        25     -
                                                           B-/Stable
(Issuer Not Cooperating)
Himalay Cold Storage                     Overdraft         CRISIL D      60     -
(Issuer not Cooperating; Rating Migrated)
Himanshu Apparels Pvt Ltd                Export Packing    CRISIL        100    Reaffirmed
                                         Credit            BBB-/Stable
Hotel Pearl Avenue                       Proposed FB Bk    CRISIL D      17     -
                                         Limits
(Issuer not Cooperating; Rating Migrated)
Hotel Pearl Avenue                       TL                CRISIL D      63     -
(Issuer not Cooperating; Rating Migrated)
Indian Surgical Equipment Co. Pvt Ltd    CC                CRISIL B/     20     -
(Issuer Not Cooperating)                                   Stable 
Indo Brine Industries Ltd                CC                CRISIL B/     150    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Indo Brine Industries Ltd                LT Loan           CRISIL B/     24     Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
INFINA Finance Pvt Ltd                   CP Issue*         CRISIL A1+    120000 Assigned
*Assigned for initial public offering/ open offer financing on episodic basis and/or application
on proprietary account
INFINA Finance Pvt Ltd                   CP                CRISIL A1+    12000  Reaffirmed
INFINA Finance Pvt Ltd                   CP Issue*         CRISIL A1+    85000  Withdrawn
*Assigned for initial public offering/ open offer financing on episodic basis and/or application
on proprietary account
Invention India (Exports) Pvt Ltd        Foreign Bill      -             60     Withdrawn
                                         Discounting
(Issuer Not Cooperating)
Invention India (Exports) Pvt Ltd        LOC               -             10     Withdrawn
(Issuer Not Cooperating)
Invention India (Exports) Pvt Ltd        Packing Credit    -             25     Withdrawn
(Issuer Not Cooperating)
Invention India (Exports) Pvt Ltd        Proposed LT Bk    -             13.5   Withdrawn
                                         Loan Fac
(Issuer Not Cooperating)
IRAA Clothing Pvt Ltd                    CC                CRISIL        100    Downgraded
                                                           BB-/Negative         from CRISIL
                                                                                BB+/Negative
IRAA Clothing Pvt Ltd                    LT Loan           CRISIL        109    Downgraded
                                                           BB-/Negative         from CRISIL
                                                                                BB+/Negative
IRAA Clothing Pvt Ltd                    Proposed LT Bk    CRISIL        31     Downgraded
                                         Loan Fac          BB-/Negative         from CRISIL
                                                                                BB+/Negative
J Abdul Vahid                            CC                CRISIL        175    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
J. S. Grover Constructions               CC                CRISIL B/     425    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Jagannath Traders - Delhi                CC                CRISIL D      100    -
(Issuer Not Cooperating)
Jai Bajrang Bajaj                        BG                -             13     Withdrawn
(Issuer Not Cooperating)
Jai Bajrang Bajaj                        CC                -             40     Withdrawn
(Issuer Not Cooperating)
Jai Shree Shyam Textiles                 CC                CRISIL B/     34     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Jai Shree Shyam Textiles                 TL                CRISIL B/     49.4   Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Jain Electroplast Pvt Ltd                CC                CRISIL        40     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Jain Electroplast Pvt Ltd                TL                CRISIL        85     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Jasubhai Engineering Pvt Ltd             CC                CRISIL        95     Reaffirmed
                                                           BB/Stable
Jasubhai Engineering Pvt Ltd             Proposed LT Bk    CRISIL        61     Reaffirmed
                                         Loan Fac          BB/Stable
Jasubhai Engineering Pvt Ltd             TL                CRISIL        35     Reaffirmed
                                                           BB/Stable
Jindal Fine Industries                   BG                -             12.5   Withdrawn
(Issuer Not Cooperating)
Jindal Fine Industries                   CC                -             38.9   Withdrawn
(Issuer Not Cooperating)
Jindal Fine Industries                   Packing Credit    -             45.7   Withdrawn
(Issuer Not Cooperating)
Jindal Fine Industries                   Proposed WC Fac   -             21.4   Withdrawn
(Issuer Not Cooperating)
Jindal Industries Pvt Ltd                CC**##            CRISIL A/     400    Reaffirmed
                                                           Stable    
**Includes bill discount, buyer credit, packing credit, short-term working capital demand
loan/##Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd                CC**##            CRISIL A/     550    Reaffirmed
                                                           Stable
**Includes bill discount, buyer credit, packing credit, short-term working capital demand
loan/##Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd                CC**##            CRISIL A/     150    Reaffirmed
                                                           Stable
**Includes bill discount, buyer credit, packing credit, short-term working capital demand
loan/##Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd                CC**##            CRISIL A/     200    Reaffirmed
                                                           Stable 
**Includes bill discount, buyer credit, packing credit, short-term working capital demand
loan/##Fund-based to non-fund-based interchangeability allowed
Jindal Industries Pvt Ltd                LOC & BG@#        CRISIL A/     200    Reaffirmed
                                                           Stable   
@Includes bank guarantee, letter of credit & letter of undertakings #Non-fund-based to
fund-based interchangeability allowed
JM Financial Capital Ltd                 NCD               CRISIL        20000  Reaffirmed
                                                           AA/Stable
JM Financial Products Ltd                CC                CRISIL        2000   Reaffirmed
                                                           AA/Stable
JM Financial Products Ltd                LT Bk Fac         CRISIL        2000   Reaffirmed
                                                           AA/Stable
JM Financial Products Ltd                Proposed LT Bk    CRISIL        1000   Reaffirmed
                                         Loan Fac          AA/Stable
JM Financial Products Ltd                NCD               CRISIL        5830   Assigned
                                                           AA/Stable
JM Financial Products Ltd                NCD               CRISIL        20000  Reaffirmed
                                                           AA/Stable
JM Financial Products Ltd                NCDs              CRISIL        1674   Reaffirmed
                                                           AA/Stable
JMK Motors Pvt Ltd                       Channel Financing CRISIL        70     -
                                                           B+/Stable
(Issuer Not Cooperating)
JMK Motors Pvt Ltd                       Drop Line         CRISIL        14     -
                                         Overdraft Fac     B+/Stable
(Issuer Not Cooperating)
JMK Motors Pvt Ltd                       Loan Against      CRISIL        42     -
                                         Property          B+/Stable
(Issuer Not Cooperating)
JMK Motors Pvt Ltd                       Proposed LT Bk    CRISIL        15.5   -
                                         Loan Fac          B+/Stable
(Issuer Not Cooperating)
K D Kothari and Co                       Credit Limit UnderCRISIL B/     10     Revised from
                                         Gold Card         Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
K D Kothari and Co                       Proposed LT Bk    CRISIL B/     35     Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
K. Manikandan                            CC                CRISIL        50     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
K. Manikandan                            Proposed LT Bk    CRISIL        40     -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
K. Manoharan                             CC                CRISIL        32.5   -
                                                           B+/Stable
(Issuer Not Cooperating)
Kalapurna Steel and Engineering Pvt Ltd  CC                CRISIL        100    -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Kalapurna Steel and Engineering Pvt Ltd  Proposed CC Limit CRISIL        10     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Kalinga Alloys Pvt Ltd                   Bill Discounting  CRISIL        20     -
                                                           B+/Stable
(Issuer Not Cooperating)
Kalinga Alloys Pvt Ltd                   CC                CRISIL        57.5   -
                                                           B+/Stable
(Issuer Not Cooperating)
Kalyani Forge Ltd                        CC                CRISIL        400    Reaffirmed
                                                           BBB+/Negative
(Outlook revised from Stable and rating reaffirmed)
Kalyani Forge Ltd                        FCNR (B) LT Loan  CRISIL        80     Reaffirmed
                                                           BBB+/Negative
(Outlook revised from Stable and rating reaffirmed)
Kalyani Forge Ltd                        Proposed FB Bk    CRISIL        290    Reaffirmed
                                         Limits            BBB+/Negative
(Outlook revised from Stable and rating reaffirmed)
Kalyani Timber Pvt Ltd                   CC                CRISIL        5      -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Kanti Bijlee Utpadan Nigam Ltd           CC                CRISIL        5055.3 Reaffirmed
                                                           AA/Stable
Kanti Bijlee Utpadan Nigam Ltd           LT Loan           CRISIL        30197.5Reaffirmed
                                                           AA/Stable
Kanti Bijlee Utpadan Nigam Ltd           WC Demand Loan    CRISIL        485    Reaffirmed
                                                           AA/Stable
Kanti Bijlee Utpadan Nigam Ltd           TL                CRISIL        4340   Reaffirmed
                                                           AA/Stable
Kapsons Worldwide                        Bill Discounting  CRISIL        40     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Kapsons Worldwide                        Export Packing    CRISIL        110    -
                                         Credit            BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Kapsons Worldwide                        Foreign Bill      CRISIL        10.5   -
                                         Purchase          BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Kapsons Worldwide                        Standby LOC       CRISIL        9.5    -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Keerthi Rice Industries                  CC                CRISIL B/     67.5   Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Keerthi Rice Industries                  LT Loan           CRISIL B/    l15     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Keerthi Rice Industries                  Proposed LT Bk    CRISIL B/     55     Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Keerthi Rice Industries                  SME Credit        CRISIL B/     2.5    Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Khandelwal Brass Industries              CC                CRISIL B/     65     Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Kimaya Industries Pvt Ltd                CC                CRISIL D      110    -
(Issuer not Cooperating; Rating Migrated)
Kimaya Industries Pvt Ltd                TL                CRISIL D      38     -
(Issuer not Cooperating; Rating Migrated)
KMC Blue Metals                          LT Loan           CRISIL        23.2   -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
KMC Blue Metals                          Proposed CC Limit CRISIL        51.8   -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Krishna Cotton - Jamnagar                CC                CRISIL        57.5   -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Krishna Cotton - Jamnagar                Proposed LT Bk    CRISIL        42.5   -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
Kumaran Systems Pvt Ltd                  Overdraft         CRISIL        95     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Kurukshetra Expressway Pvt Ltd           Rupee TL          CRISIL D      7480   Reaffirmed
L and D Foods                            CC                CRISIL B/     70     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
L and D Foods                            TL                CRISIL B/     17.5   Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
L and D Foods                            Warehouse ReceiptsCRISIL B/     40     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
LC Infra Projects Pvt Ltd                CC                CRISIL        150    Reaffirmed
                                                           BBB+/Stable
Lizzart Granito LLP                      Proposed BG       CRISIL        32     -
                                                           B+/Stable
(Issuer Not Cooperating)
Lizzart Granito LLP                      Proposed CC Limit CRISIL        70     -
                                                           B+/Stable
(Issuer Not Cooperating)
Lizzart Granito LLP                      Proposed LT Bk    CRISIL        1.6    -
                                         Loan Fac          B+/Stable
(Issuer Not Cooperating)
Lizzart Granito LLP                      Proposed TL       CRISIL        176.4  -
                                                           B+/Stable
(Issuer Not Cooperating)
Madhav Govind Food Products Pvt Ltd      CC                CRISIL        65     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Madhav Govind Food Products Pvt Ltd      TL                CRISIL        10     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Mahavir Metal Corporation                CC                CRISIL        10     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Mahavir Metal Corporation                Proposed LT Bk    CRISIL        130    -
                                         Loan Fac          BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Mahavir Spinfab Pvt Ltd                  CC                CRISIL B/     20     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Mahavir Spinfab Pvt Ltd                  TL                CRISIL B/     22.5   Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Manasa Rice Industry                     CC                CRISIL        140    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Mani Agro Chemicals                      CC                CRISIL B/     6      -
(Issuer not Cooperating; Rating Migrated)                  Stable
Mani Agro Chemicals                      TL                CRISIL B/     8.5    -
(Issuer not Cooperating; Rating Migrated)                  Stable 
Mectech Knitfabs Pvt Ltd                 CC                CRISIL        10     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Mectech Knitfabs Pvt Ltd                 Export Packing    CRISIL        70     -
                                         Credit            BB/Stable
(Issuer not Cooperating; Rating Migrated)
Mectech Knitfabs Pvt Ltd                 Proposed LT Bk    CRISIL        10     -
                                         Loan Fac          BB/Stable
(Issuer not Cooperating; Rating Migrated)
Meghraj Foods                            CC                CRISIL        50     -
                                                           B+/Stable
(Issuer Not Cooperating)
Mehra Polytex Pvt Ltd                    CC                CRISIL B/     120    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Mehra Polytex Pvt Ltd                    Proposed LT Bk    CRISIL B/     10     Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Mindspace Business Parks REIT            Corporate Credit  CCR AAA/Stable-      Reaffirmed
(Mindspace REIT)                         Rating
Mindspace Business Parks REIT            NCD               Provisional   50000  Assigned
(Mindspace REIT)                                           CRISIL
                                                           AAA/Stable^ 
^A prefix of 'Provisional' indicates that the rating centrally factors in the 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 directive issued by the Securities and Exchange Board of India (SEBI) on May 6,
2015, on 'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)' 
Mindspace Business Parks REIT            LT Principal      Provisional   50000  Assigned
(Mindspace REIT)                         Protected Market  CRISIL PP-MLD
                                         Linked Debentures AAAr/Stable^
^A prefix of 'Provisional' indicates that the rating centrally factors in the 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 directive issued by the Securities and Exchange Board of India (SEBI) on May 6,
2015, on 'Standardising the term, rating symbol, and manner of disclosure with regard to
conditional/provisional/in-principle ratings assigned by credit rating agencies (CRAs)' 
Moti Ram Sunil Kumar                     CC                CRISIL D      75     -
(Issuer not Cooperating; Rating Migrated)
Moti Ram Sunil Kumar                     Proposed LT Bk    CRISIL D      18     -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
Moti Ram Sunil Kumar                     TL                CRISIL D      7      -
(Issuer not Cooperating; Rating Migrated)
MYK Laticrete India Pvt Ltd              CC                CRISIL        230    Reaffirmed
                                                           A-/Positive
(Outlook revised from Stable and rating reaffirmed)
MYK Laticrete India Pvt Ltd              Proposed LT Bk    CRISIL        146    Reaffirmed
                                         Loan Fac          A-/Positive
(Outlook revised from Stable and rating reaffirmed)
Nalwa Steel and Power Ltd                Corporate Credit  CCR BBB-/     -      Assigned
                                         Rating            Stable
Nalwa Steel and Power Ltd                Proposed WC Fac   CRISIL        333.7  Reaffirmed
                                                           BBB-/Stable
Nalwa Steel and Power Ltd                TL                CRISIL        2516.3 Reaffirmed
                                                           BBB-/Stable
Navbharat Insulation and Engg. Co.       BG                CRISIL D      20     -
(Issuer Not Cooperating)
Navbharat Insulation and Engg. Co.       CC                CRISIL D      19.5   -
(Issuer Not Cooperating)
Navbharat Insulation and Engg. Co.       LOC               CRISIL D      9      -
(Issuer Not Cooperating)
Navbharat Insulation and Engg. Co.       WC TL             CRISIL D      20     -
(Issuer Not Cooperating)
Navdip Forge Pvt Ltd                     Proposed LT Bk    CRISIL        65     -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
Naveen Distributors                      CC                CRISIL B/     9.5    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Naveen Distributors                      Proposed LT Bk    CRISIL B/     0.6    Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Naveen Distributors                      TL                CRISIL B/     56.9   Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Nemcare Hospitals Pvt Ltd                TL                CRISIL        620    -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
North Point Education Trust              CC                CRISIL        5      -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
North Point Education Trust              TL                CRISIL        187.5  -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Nuevo Polymers Pvt Ltd                   Proposed FB Bk    CRISIL        1      -
                                         Limits            BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Omni Impex Pvt Ltd                       Proposed LT Bk    CRISIL B/     3      Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Omni Impex Pvt Ltd                       TL                CRISIL B/     10.3   Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Oriana Power Pvt Ltd                     CC                CRISIL        5      -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Oriana Power Pvt Ltd                     Proposed CC Limit CRISIL        45     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Oswal Agro                               Proposed LT Bk    -             50     Withdrawn
                                         Loan Fac
P. Rajagopal and R. Saravanan            Cash TL           CRISIL D      120    -
(Issuer Not Cooperating)
Panvelkar Twin Towers                    Project Loan      CRISIL        50     -
                                                           B+/Stable
(Issuer Not Cooperating)
Partap Wires (India) Pvt Ltd             CC                CRISIL        85     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Partap Wires (India) Pvt Ltd             TL                CRISIL        3      -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Parv Metal Processing Co.                CC                CRISIL        80     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Parv Metal Processing Co.                Proposed LT Bk    CRISIL        1.5    -
                                         Loan Fac          BB/Stable
(Issuer not Cooperating; Rating Migrated)
Peacock Apparels Pvt Ltd                 BG                -             5      Withdrawn
(Issuer Not Cooperating)
Peacock Apparels Pvt Ltd                 Foreign Bill      -             15     Withdrawn
                                         Discounting
(Issuer Not Cooperating)
Peacock Apparels Pvt Ltd                 LOC               -             50     Withdrawn
(Issuer Not Cooperating)
Peacock Apparels Pvt Ltd                 Packing Credit    -             40     Withdrawn
(Issuer Not Cooperating)
Peacock Apparels Pvt Ltd                 Standby Line of   -             2.5    Withdrawn
                                         Credit
(Issuer Not Cooperating)
Phorotech Surfin (India) Pvt Ltd         CC                -             40     Withdrawn
(Outlook revised from Positive; Rating withdrawn) 
Phorotech Surfin (India) Pvt Ltd         Proposed LT Bk    -             60     Withdrawn
                                         Loan Fac
(Outlook revised from Positive; Rating withdrawn) 
Picson Construction Equipments Pvt Ltd   CC                CRISIL        60     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Pilani Impex                             CC                CRISIL B/     15     Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Pilani Impex                             Proposed LT Bk    CRISIL B/     20     Revised from
                                         Loan Fac          Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Pragati Construction - Pune              CC                CRISIL        65     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Pragati Construction - Pune              Loan Against      CRISIL        53.1   -
                                         Property          BB/Stable
(Issuer not Cooperating; Rating Migrated)
Pragati Construction - Pune              Proposed CC Limit CRISIL        60     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Psk Infrapower Pvt Ltd                   CC                CRISIL        34     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Psk Infrapower Pvt Ltd                   LT Loan           CRISIL        20     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Psk Infrapower Pvt Ltd                   Proposed LT Bk    CRISIL        1      -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
R. C. Khinvasara                         TL                CRISIL        120    -
                                                           B+/Stable
(Issuer Not Cooperating)
R.S. Foods                               CC                CRISIL B/     30     -
(Issuer Not Cooperating)                                   Stable  
R.S. Foods                               TL                CRISIL B/     165    -
(Issuer Not Cooperating)                                   Stable 
Radheshyam Industries                    CC                CRISIL        120    -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Rajdeep Electricals Pvt Ltd              CC                CRISIL        30     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Ravi Industries - Pune                   CC                CRISIL        40     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Ravi Rajasekhar                          CC                CRISIL        10     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Ravichand Food Industries                CC                CRISIL        90     Upgraded from
                                                           BB-/Stable           CRISIL
                                                                                B+/Stable
Ravichand Food Industries                Proposed LT Bk    CRISIL        9.5    Upgraded from
                                         Loan Fac          BB-/Stable           CRISIL
                                                                                B+/Stable
Rcik Foods                               CC                CRISIL B/     49.5   -
(Issuer not Cooperating; Rating Migrated)                  Stable 
Rcik Foods                               Proposed FB Bk    CRISIL B/     14.7   -
                                         Limits            Stable 
(Issuer not Cooperating; Rating Migrated)
Rcik Foods                               TL                CRISIL B/     l0.8    -
(Issuer not Cooperating; Rating Migrated)                  Stable   
Redren Energy Pvt Ltd                    CC                CRISIL B/     60     Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Redren Energy Pvt Ltd                    TL                CRISIL B/     20.5   Revised from
                                                           Stable               CRISIL
                                                                                BB-/Stable
(Issuer Not Cooperating)
Relcom Technology Pvt Ltd                CC                CRISIL        100    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Relcom Technology Pvt Ltd                LT Loan           CRISIL        30     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
RG Royal Hotel & Convention              TL                CRISIL D      100    -
(Issuer Not Cooperating)
Rishi Spices                             Proposed LT Bk    CRISIL B/     78     Assigned
                                         Loan Fac          Stable  
Rishi Spices                             Warehouse         CRISIL B/     42     Assigned
                                         Financing         Stable
Rohan Industries - Alwar                 CC                CRISIL        42     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Rohan Industries - Alwar                 TL                CRISIL        13.5   -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Rukhmani Cottex                          CC                CRISIL        67.5   -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Rukhmani Cottex                          Proposed LT Bk    CRISIL        2.5    -
                                         Loan Fac          BB/Stable
(Issuer not Cooperating; Rating Migrated)
Rukhmani Cottex                          TL                CRISIL        5      -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Ruksh Exim Pvt Ltd                       Foreign Bill      CRISIL        150    -
                                         Discounting       B+/Stable
(Issuer Not Cooperating)
Ruksh Exim Pvt Ltd                       Proposed LT Bk    CRISIL        7.8    -
                                         Loan Fac          B+/Stable
(Issuer Not Cooperating)
Ruksh Exim Pvt Ltd                       TL                CRISIL        11.7   -
                                                           B+/Stable
(Issuer Not Cooperating)
S Ten Lighting                           CC                CRISIL D      30     -
(Issuer not Cooperating; Rating Migrated)
S Ten Lighting                           LT Loan           CRISIL D      54     -
(Issuer not Cooperating; Rating Migrated)
S.R. Cashews                             CC                CRISIL D      75     -
(Issuer not Cooperating; Rating Migrated)
Sachdev Steel Works Pvt Ltd (Union       CC                CRISIL D      64     -
Enterprises)
(Issuer Not Cooperating)
Sachdev Steel Works Pvt Ltd (Union       Proposed LT Bk    CRISIL D      21     -
Enterprises)                             Loan Fac
(Issuer Not Cooperating)
Sachdev Steel Works Pvt Ltd (Union       TL                CRISIL D      42.5   -
Enterprises)
(Issuer Not Cooperating)
Sachdev Steel Works Pvt Ltd (Union       WC TL             CRISIL D      22.5   -
Enterprises)
(Issuer Not Cooperating)
Sai Babuji Projects Pvt Ltd              CC                CRISIL B/     49      -
(Issuer Not Cooperating)                                   Stable   
Sai Babuji Projects Pvt Ltd              Proposed LT Bk    CRISIL B/     10     -
                                         Loan Fac          Stable
(Issuer Not Cooperating)
Sajeev Mathew and Co.                    CC                CRISIL B/     150    -
(Issuer not Cooperating; Rating Migrated)                  Stable  
Sandeep Gilhotra Ranjana Gilhotra        TL                CRISIL B/     120    Revised from
Godowns                                                    Stable               CRISIL
                                                                                BB+/Stable
(Issuer Not Cooperating)
Sandhya Organic Chemicals Pvt Ltd        CC                CRISIL        30     -
                                                           B+/Stable
(Issuer Not Cooperating)
Sanjay Industrial Steels (Bhopal) Pvt    CC                CRISIL        100    -
Ltd                                                        B+/Stable
(Issuer not Cooperating; Rating Migrated)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     CC                CRISIL        810    Reaffirmed
                                                           A/Negative
(Outlook revised from Stable and rating reaffirmed)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     External          CRISIL        304.6  Reaffirmed
                                         Commercial        A/Negative
                                         Borrowings
(Outlook revised from Stable and rating reaffirmed)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     Foreign Currency  CRISIL        251.1  Reaffirmed
                                         TL                A/Negative
(Outlook revised from Stable and rating reaffirmed)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     LT Loan           CRISIL        574.7  Reaffirmed
                                                           A/Negative
(Outlook revised from Stable and rating reaffirmed)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     Proposed LT Bk    CRISIL        186    Reaffirmed
                                         Loan Fac          A/Negative
(Outlook revised from Stable and rating reaffirmed)
Sarat Chatterjee & Co. (VSP) Pvt Ltd     TL                CRISIL        378.6  Reaffirmed
                                                           A/Negative
(Outlook revised from Stable and rating reaffirmed)
Sarju Vitrified Pvt Ltd                  BG                -             38.8   Withdrawn
(Issuer Not Cooperating)
Sarju Vitrified Pvt Ltd                  CC                -             75     Withdrawn
(Issuer Not Cooperating)
Sarju Vitrified Pvt Ltd                  LT Loan           -             236.2  Withdrawn
(Issuer Not Cooperating)
Sasidhar Poultries Pvt Ltd               CC                CRISIL B/     95     -
(Issuer not Cooperating; Rating Migrated)                  Stable
Sasidhar Poultries Pvt Ltd               Cash TL           CRISIL B/     29.8   -
(Issuer not Cooperating; Rating Migrated)                  Stable  
Shantilal C. Mehta                       CC                CRISIL        60     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Shantilal C. Mehta                       Proposed LT Bk    CRISIL        30     -
                                         Loan Fac          BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Shantilal C. Mehta                       WC Fac            CRISIL        60     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Shree Datta Shetkari Sahakari Sakhar     Rupee TL          CRISIL B/     428    Revised from
Karkhana Ltd                                               Stable               CRISIL
                                                                                BB+/Stable
(Issuer Not Cooperating)
Shree Datta Shetkari Sahakari Sakhar     Sugar Pledge CC   CRISIL B/     1072   Revised from
Karkhana Ltd                                               Stable               CRISIL
                                                                                BB+/Stable
(Issuer Not Cooperating)
Shree Mahalaxmi Himghar Pvt Ltd          CC                CRISIL B/     80     -
(Issuer not Cooperating; Rating Migrated)                  Stable
Shree Mahalaxmi Himghar Pvt Ltd          Proposed LT Bk    CRISIL B/     20     -
                                         Loan Fac          Stable
(Issuer not Cooperating; Rating Migrated)
Shree Mahalaxmi Himghar Pvt Ltd          WC Fac            CRISIL B/     30     -
(Issuer not Cooperating; Rating Migrated)                  Stable    
Shree Ram Construction Company           CC                CRISIL        60     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Shubh Aluminium Pvt Ltd                  Line of Credit    CRISIL        140    -
                                                           B-/Stable
(Issuer not Cooperating; Rating Migrated)
Shyam Chemicals Pvt Ltd                  CC                CRISIL        185    -
                                                           B+/Stable
(Issuer Not Cooperating)
Sigma Search Lights Ltd                  CC                CRISIL        50     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Sigma Search Lights Ltd                  Proposed CC Limit CRISIL        15     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Sigma Search Lights Ltd                  TL                CRISIL        2.2    -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Silicon Institute of Technology          CC                CRISIL        25     -
                                                           B+/Stable
(Issuer Not Cooperating)
Silicon Institute of Technology          LT Loan           CRISIL        132    -
                                                           B+/Stable
(Issuer Not Cooperating)
Sonalac Paints & Coatings Ltd            CC                CRISIL        65     -
                                                           B+/Stable
(Issuer Not Cooperating)
Sonalac Paints & Coatings Ltd            TL                CRISIL        3.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Southern Cooling Towers Pvt Ltd          CC                CRISIL C      110    -
(Issuer not Cooperating; Rating Migrated)
Southern Cooling Towers Pvt Ltd          LT Loan           CRISIL C      7.9    -
(Issuer not Cooperating; Rating Migrated)
Southern Cooling Towers Pvt Ltd          Proposed FB Bk    CRISIL C      92.1   -
                                         Limits
(Issuer not Cooperating; Rating Migrated)
Sree Ayyanar Spinning And Weaving Mills  Bill Discounting  CRISIL        50     -
Pvt Ltd                                                    B+/Stable
(Issuer Not Cooperating)
Sree Ayyanar Spinning And Weaving Mills  CC                CRISIL        300    -
Pvt Ltd                                                    B+/Stable
(Issuer Not Cooperating)
Sree Ayyanar Spinning And Weaving Mills  TL                CRISIL        170    -
Pvt Ltd                                                    B+/Stable
(Issuer Not Cooperating)
Sri Kirthika Pipes Pvt Ltd               CC                CRISIL        100    -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Sri Ramakrishna Blue Metals              Proposed LT Bk    CRISIL        100    -
                                         Loan Fac          B+/Stable
(Issuer not Cooperating; Rating Migrated)
Srigdhaa Beverages                       CC                CRISIL D      11     -
(Issuer not Cooperating; Rating Migrated)
Srigdhaa Beverages                       LT Loan           CRISIL D      72.9   -
(Issuer not Cooperating; Rating Migrated)
Srigdhaa Beverages                       Proposed LT Bk    CRISIL D      6.1    -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
Standard Strips India Ltd                Bill Discounting  CRISIL B/     70     Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Standard Strips India Ltd                CC                CRISIL B/     200    Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Star Iris Exports Pvt Ltd                CC                CRISIL        92.5   -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Star Iris Exports Pvt Ltd                Export Packing    CRISIL        30     -
                                         Credit            BB/Stable
(Issuer not Cooperating; Rating Migrated)
Star Iris Exports Pvt Ltd                Foreign Bill      CRISIL        30     -
                                         Discounting       BB/Stable
(Issuer not Cooperating; Rating Migrated)
Star Iris Exports Pvt Ltd                Proposed LT Bk    CRISIL        67.5   -
                                         Loan Fac          BB/Stable
(Issuer not Cooperating; Rating Migrated)
Steel Crackers Pvt Ltd                   CC                CRISIL        55     -
                                                           BB+/Stable
(Issuer not Cooperating; Rating Migrated)
Suhas P. Bhave - Nagpur                  CC                CRISIL        45     -
                                                           B+/Stable
(Issuer Not Cooperating)
Suhas P. Bhave - Nagpur                  Proposed WC Fac   CRISIL        4.5    -
                                                           B+/Stable
(Issuer Not Cooperating)
Sundaram Textiles Pvt Ltd                CC                CRISIL        190    Reaffirmed
                                                           BBB-/Stable
Sundaram Textiles Pvt Ltd                Foreign Bill      CRISIL        25     Reaffirmed
                                         Discounting       BBB-/Stable
Sundaram Textiles Pvt Ltd                LT Loan           CRISIL        86     Reaffirmed
                                                           BBB-/Stable
Sundaram Textiles Pvt Ltd                Proposed LT Bk    CRISIL        4      Reaffirmed
                                         Loan Fac          BBB-/Stable
Tejas Superstructures Pvt Ltd            CC                CRISIL B/     45     -
(Issuer not Cooperating; Rating Migrated)                  Stable  
The Aarko Pipe Gram Udyog Regd           Bill Discounting  CRISIL        25     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
The Aarko Pipe Gram Udyog Regd           CC                CRISIL        34     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
The Aarko Pipe Gram Udyog Regd           Proposed LT Bk    CRISIL        2.8    -
                                         Loan Fac          BB-/Stable
(Issuer not Cooperating; Rating Migrated)
The Aarko Pipe Gram Udyog Regd           TL                CRISIL        12.7   -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
The Global Learning Centre Educational   TL                CRISIL        52.6   Assigned
And Welfare Society                                        B-/Stable
The Global Learning Centre Educational   Drop Line         CRISIL        27.4   Assigned
And Welfare Society                      Overdraft Fac     B-/Stable
The Patliputra                           CC                CRISIL        100    -
                                                           B+/Stable
(Issuer Not Cooperating)
The Thiruvambady Devaswom                LT Loan           CRISIL B/     197.6  -
(Issuer Not Cooperating)                                   Stable  
The Thiruvambady Devaswom                Proposed LT Bk    CRISIL B/     2.4    -
                                         Loan Fac          Stable   
(Issuer Not Cooperating)
Thirupathy Bright Industries             CC                CRISIL        80     -
                                                           B+/Stable
(Issuer Not Cooperating)
Thirupathy Bright Industries             TL                CRISIL        10     -
                                                           B+/Stable
(Issuer Not Cooperating)
Triumph Auto Pvt Ltd                     CC                -             30     Withdrawn
(Issuer Not Cooperating)
Triumph Auto Pvt Ltd                     Electronic Dealer -             145    Withdrawn
                                         Financing
                                         Scheme(e-DFS)
(Issuer Not Cooperating)
Triumph Auto Pvt Ltd                     Electronic Dealer CRISIL B/     70     Revised from
                                         Financing         Stable               CRISIL
                                         Scheme(e-DFS)                          BB/Stable
(Issuer Not Cooperating)
Triumph Auto Pvt Ltd                     TL                CRISIL B/     35     Revised from
                                                           Stable               CRISIL
                                                                                BB/Stable
(Issuer Not Cooperating)
Triveni Electroplast Pvt Ltd             CC                CRISIL        110    Reaffirmed
                                                           BB/Stable
Triveni Electroplast Pvt Ltd             LT Loan           CRISIL        50.5   Reaffirmed
                                                           BB/Stable
Triveni Electroplast Pvt Ltd             Proposed CC Limit CRISIL        4.5    Reaffirmed
                                                           BB/Stable
Tubes India                              CC                CRISIL        100    -
                                                           BB+/Stable
(ISSUER NOT COOPERATING; Migrated from CRISIL BB+/Positive)
Tubes India                              Channel Financing CRISIL        120    -
                                                           BB+/Stable
(ISSUER NOT COOPERATING; Migrated from CRISIL BB+/Positive)
Turbhe Chemicals Pvt Ltd                 BG                -             4      Withdrawn
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Turbhe Chemicals Pvt Ltd                 Overdraft         -             120    Withdrawn
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Turbhe Chemicals Pvt Ltd                 Proposed LT Bk    -             16     Withdrawn
                                         Loan Fac
(Migrated from CRISIL B+/Stable ISSUER NOT COOPERATING)
Unitech Cotspin Ltd                      CC                CRISIL        60     -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Unitech Cotspin Ltd                      LT Loan           CRISIL        66.3   -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Unitech Cotspin Ltd                      Proposed FB Bk    CRISIL        23.7   -
                                         Limits            BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Universal Cables Ltd                     CC                CRISIL A/     4350   Reaffirmed
(Outlook revised from Positive and rating reaffirmed)      Stable 
Universal Cables Ltd                     LT Loan           CRISIL A/     498.7  Reaffirmed
(Outlook revised from Positive and rating reaffirmed)      Stable
Universal Cables Ltd                     Proposed LT Bk    CRISIL A/     650    Reaffirmed
                                         Loan Fac          Stable 
(Outlook revised from Positive and rating reaffirmed)
V. C. Traders - Pune                     Proposed FB Bk    CRISIL        150    -
                                         Limits            BB+/Stable
(Issuer not Cooperating; Rating Migrated)
V.K. Automart Pvt Ltd                    CC                CRISIL        47.5   Migrated from
                                                           B+/Stable            CRISIL
                                                                                B+/Stable
(Issuer Not Cooperating)
V.K. Automart Pvt Ltd                    Proposed LT Bk    CRISIL        2.5    Migrated from
                                         Loan Fac          B+/Stable            CRISIL
                                                                                B+/Stable
(Issuer Not Cooperating)
V.K. Automart Pvt Ltd                    TL                CRISIL        10     Migrated from
                                                           B+/Stable            CRISIL
                                                                                B+/Stable
(Issuer Not Cooperating)
Vag Buildtech Ltd                        BG                CRISIL D      100    -
(Issuer not Cooperating; Rating Migrated)
Vag Buildtech Ltd                        CC                CRISIL D      250    -
(Issuer not Cooperating; Rating Migrated)
Vag Buildtech Ltd                        Proposed LT Bk    CRISIL D      150    -
                                         Loan Fac
(Issuer not Cooperating; Rating Migrated)
ValueLabs Technologies                   CC                CRISIL B/     120    Revised from
                                                           Stable               CRISIL
                                                                                BB+/Stable
(Issuer Not Cooperating)
VAS Logistructure Corpo                  LT Loan           CRISIL        200    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
VEE GEE Auto Components Pvt Ltd          Ratings           -             -      -
(CRISIL vide its publication dated September 16, 2020 highlighted the aspect of non-co-operation
by VEE GEE Auto Components Private Limited.)
VeeGee Industrial Enterprises Pvt Ltd    Ratings           -             -      -
(CRISIL vide its publication dated August 24, 2020 highlighted the aspect of non-co-operation by
VeeGee Industrial Enterprises Private Limited.)
Vijay Exports - Mumbai                   Bill Discounting  CRISIL        50     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Vijay Exports - Mumbai                   CC                CRISIL        50     -
                                                           BB/Stable
(Issuer not Cooperating; Rating Migrated)
Vikrma Impex Pvt Ltd                     Proposed FB Bk    CRISIL        10     -
                                         Limits            B+/Stable
(Issuer Not Cooperating)
Vishal Arogya Sampat Pvt Ltd             CC                CRISIL        375    -
                                                           BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Vishal Arogya Sampat Pvt Ltd             Secured Overdraft CRISIL        90     -
                                         Fac               BB-/Stable
(Issuer not Cooperating; Rating Migrated)
Yamuna Industries Ltd                    CC                CRISIL        75     -
                                                           B+/Stable
(Issuer Not Cooperating)
Yamuna Industries Ltd                    Proposed LT Bk    CRISIL        2      -
                                         Loan Fac          B+/Stable
(Issuer Not Cooperating)
Yamuna Industries Ltd                    TL                CRISIL        33     -
                                                           B+/Stable
(Issuer Not Cooperating)
Young Industries                         CC                CRISIL        80     -
                                                           B+/Stable
(Issuer not Cooperating; Rating Migrated)
Zenova Bio Nutrition Pvt Ltd             CC                CRISIL D      30     -
(Issuer Not Cooperating)
Zenova Bio Nutrition Pvt Ltd             LT Loan           CRISIL D      66     -
(Issuer Not Cooperating)

--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

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

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

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@refinitiv.com)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up